Document:

Exhibit 10.6
                                                                    ------------

                          EXPENSE ALLOCATION AGREEMENT
                          ----------------------------

         This Expense Allocation Agreement (the "Agreement") is made between
Cheviot Financial Corp. (in formation) ("Cheviot Financial"), a Federal
corporation, Cheviot Mutual Holding Company (in formation) ("MHC"), a federal
corporation, and Cheviot Savings Bank (the "Bank"), an Ohio chartered stock
savings and loan association chartered by the Ohio Division of Financial
Institutions under the laws of the State of Ohio and a wholly-owned subsidiary
of Cheviot Financial.

         WHEREAS, Cheviot Financial and MHC have not acquired any additional
premises, furniture or equipment or employed any additional employees but rather
will utilize and intend to continue to utilize the premises, furniture,
equipment and employees of the Bank as necessary; and

         WHEREAS, because of the limited scope of Cheviot Financial's and MHC's
activities, the general and administrative expenses attributable to Cheviot
Financial's and MHC's use of the premises, furniture, equipment and employees to
conduct such activities is reasonably expected to be minimal; and

         WHEREAS, the Bank, Cheviot Financial and MHC have determined that it is
appropriate to allocate the general and administrative expenses that are
incurred by the Bank, Cheviot Financial, MHC or the combined entities and to
provide a mechanism for Cheviot Financial and MHC to reimburse the Bank for
expenses incurred by the Bank that are attributable to the activities of Cheviot
Financial or MHC;

         NOW, THEREFORE, the Bank, Cheviot Financial and MHC hereby agree as
follows:

         1.       Cheviot Financial and MHC shall pay all fees and other
                  expenses that are attributable solely to the operations of
                  Cheviot Financial or MHC, respectively. Such expenses shall
                  include, but not necessarily be limited to: (i) all fees
                  required to be paid by Cheviot Financial or MHC to the Office
                  of Thrift Supervision or any other governmental authority; and
                  (ii) all fees and expenses of any professionals or other
                  agents in connection with the preparation of any reports or
                  filings of Cheviot Financial or MHC to any regulatory or
                  governmental authority;

         2.       Cheviot Financial and MHC shall pay to the Bank on a quarterly
                  basis for the use of the Bank's equipment and employees by
                  Cheviot Financial or MHC as such amount is determined by the
                  Boards of Directors of the Bank, Cheviot Financial and MHC. In
                  no event shall the payments made by Cheviot Financial or MHC
                  to the Bank be less than the fair market value of the goods
                  and services received.

         3.       It is the intent of the parties that all dealings between
                  Cheviot Financial, MHC and the Bank comply with Section 11(a)
                  of the Home Owners' Loan Act, Sections
<PAGE>

                  23A and 23B of the Federal Reserve Act, and other applicable
                  laws and regulations.

         4.       This Agreement constitutes the entire agreement of the parties
                  with respect to the subject matter hereof and can be amended
                  or otherwise modified only by means of a writing signed by
                  both of the parties.

         5.       This Agreement shall remain in effect: until written notice of
                  termination is delivered by either party to the other.

         IN WITNESS WHEREOF, the Bank, Cheviot Financial and MHC have executed
this Agreement by their duly authorized officers as of this _____ day of , 2003.

                                       CHEVIOT FINANCIAL CORP.
                                       (in formation)

                                       By:
                                           -------------------------------------
                                           Thomas J. Linneman
                                           President and Chief
                                           Executive Officer

                                       CHEVIOT MUTUAL HOLDING COMPANY
                                       (in formation)

                                       By:
                                           -------------------------------------
                                           Thomas J. Linneman
                                           President and Chief
                                           Executive Officer

                                       CHEVIOT SAVINGS BANK

                                       By:
                                           -------------------------------------
                                           Thomas J. Linneman
                                           President and Chief
                                           Executive Officer<PAGE>

                                 [Exhibit 10.3]

                      IN THE UNITED STATES BANKRUPTCY COURT
                    FOR THE EASTERN DISTRICT OF PENNSYLVANIA

                                                   :
In re:                                             :  Chapter 11
                                                   :
FASTNET CORPORATION, et al.,(1)                    :  Case No. 03-23143 (TMT)
                                                   :  (Jointly Administered)
                           Debtors.                :
                                                   :

           ___________________________________________________________

              APPLICATION OF THE DEBTORS AND DEBTORS-IN-POSSESSION
             FOR AUTHORIZATION TO RETAIN AND EMPLOY DH CAPITAL, LLC
                  AS INVESTMENT BANKERS EFFECTIVE JULY 16, 2003
           ___________________________________________________________

         The above-captioned debtors and debtors-in-possession (collectively,
the "DEBTORS"), by and through their undersigned counsel, hereby move this Court
to enter an Order, pursuant to Sections 327(a) and 328(a) of Title 11 of the
United States Code ss.ss. 101, ET SEQ. (the "BANKRUPTCY CODE"), authorizing the
retention and employment of DH Capital, LLC ("DH CAPITAL") as investment bankers
effective July 16, 2003. In support thereof, the Debtors respectfully represent
as follows:
                                   BACKGROUND
                                   ----------

         1. On June 10, 2003 (the "PETITION DATE"), Fastnet Corporation
("FASTNET") filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code. On June 13, 2003, each of the other above-captioned Debtors
also filed a petition for relief under Chapter 11 of the Bankruptcy Code. The
Debtors' Chapter 11 cases have been consolidated for procedural purposes only.

--------
1  The Debtors consist of the following entities: FASTNET Corporation, Netaxs
   Corp., SuperNet, Inc., NetReach, Inc., Fastnet Acquisition, Inc. and Fastnet
   Acquisition Corp.

                                       1

<PAGE>

         2. The Debtors continue to operate their businesses and manage their
properties and assets as debtors-in-possession under Sections 1107 and 1108 of
the Bankruptcy Code.

         3. On June 20, 2003, the United States Trustee designated an Official
Committee of Unsecured Creditors (the "CREDITORS' COMMITTEE").

         4. The Debtors are internet service providers ("ISP") and provide
internet access and enhanced products and services to its business and
residential customers located in the mid-Atlantic region of the United States.
The Debtors' services include high-speed data and internet services, data center
services including web hosting and managed and unmanaged collections services,
small office-home internet access, wholesale ISP services, and various
professional services including eSolutions and web design and development.

                                  JURISDICTION
                                  ------------

         5. The Court has jurisdiction over this matter pursuant to 28 U.S.C.
ss.ss. 157 and 1334. Venue is proper in this district pursuant to 28 U.S.C.
ss.ss. 1408 and 1409. This is a core proceeding pursuant to 28 U.S.C. ss.
157(b)(2)(A). The statutory predicates for the relief sought herein are Sections
327 and 328 of the Bankruptcy Code and Rules 2014 and 5002 of the Federal Rules
of Bankruptcy Procedure (the "BANKRUPTCY RULES").

                       RELIEF REQUESTED AND BASIS THEREFOR
                       -----------------------------------

         6. Pursuant to Sections 327(a) and 328(a) of the Bankruptcy Code, the
Debtors request that this Court enter an Order authorizing the retention of DH
Capital as their investment bankers effective July 16, 2003.

         7. Founded in 2001, DH Capital's principals have over forty years of
combined experience across a number of media and communications sectors and have
successfully led hundreds of transactions as investment bankers, commercial
bankers, business development executives and operators. Accordingly, the Debtors
believe that DH Capital is uniquely qualified to provide them with investment
banking services in these cases.

                                       2

<PAGE>

                                   BACKGROUND
                                   ----------

         8. Prior to the Petition Date, DH Capital represented Fastnet
Corporation as its investment banker in connection with the possible issuance of
equity securities. However, no securities were ever issued in connection with
such offering.

         9. As a result of its pre-petition services, DH Capital is intimately
familiar with the Debtors' respective assets, liabilities and markets.

SCOPE OF ENGAGEMENT
-------------------

         10. The Debtors propose to retain DH Capital on the terms and
conditions set forth in the engagement letter attached hereto as Exhibit "A" and
incorporated herein by reference (the "ENGAGEMENT LETTER"). As discussed more
fully in the Engagement Letter, the Debtor may ask DH Capital to provide
assistance with regard to the initiation of the following potential transactions
(collectively referred to as the "TRANSACTIONS"):

                  a.               transactions whereby the assets, or a portion
                           thereof, of the Debtors may be directly acquired by
                           another party or parties;

                  b.               transactions whereby the capital stock, or a
                           portion thereof, of the Debtors may be directly
                           acquired by another party or parties;

                  c.               transactions whereby another party or parties
                           may make an equity or debt investment, or combination
                           thereof, with the exception of Debtor in Possession
                           ("DIP") financing, in the Debtors, whether by way of
                           secured or unsecured financing, refinancing, purchase
                           of capital stock or assets or otherwise; and whether
                           directly from the Debtors or otherwise; and

                  d.               transactions whereby the Debtors may be
                           merged into or consolidated with another party or
                           parties.

         11. The services of DH Capital are necessary to enable the Debtors to
successfully reorganize and maximize the value of the Debtors' estates. The
Debtors believe that DH Capital is qualified and able to represent the Debtors
in a cost-effective, efficient and timely manner.

                                       3

<PAGE>

DISINTERESTEDNESS
-----------------

         12. To the best of the Debtors' knowledge, information and belief, and
except as otherwise disclosed by DH Capital in the Affidavit of Peter B. Hopper
(the "DH CAPITAL AFFIDAVIT"), DH Capital (i) does not hold or represent any
interest adverse to the Debtors' estates, and (ii) is a "disinterested person"
as that phrase is defined in Section 101(14) of the Bankruptcy Code. A true and
correct copy of the DH Capital Affidavit is attached hereto as Exhibit "B" and
incorporated herein by reference in its entirety.

         13. DH Capital agreed to waive any and all claims (including without
limitation any options to acquire the Debtors' capital stock which it holds or
to which it may be entitled) relating to the period prior to the Debtors'
respective Petition Dates.

COMPENSATION
------------

         14. Subject to Court approval in accordance with Section 330(a) of the
Bankruptcy Code, compensation will be payable to DH Capital as follows:

                  a.               During the term of this engagement the
                           Debtors will pay DH Capital a monthly retainer
                           ("MONTHLY RETAINER") in the amount of $15,000 per
                           month. The Monthly Retainer shall be paid in advance
                           on the first of each month. The Monthly Retainer fees
                           paid to DH Capital shall be credited against the
                           Transaction(s) fees earned by DH.

                  b.               If the Debtors consummates, directly or
                           indirectly, a Transaction (i) with any party or
                           parties prior to the expiration of the Exclusivity
                           Period (as defined in the Engagement Letter) or (ii)
                           within six months of the expiration of the
                           Exclusivity Period, the Debtors shall compensate DH
                           Capital, as follows:

                                    i.    If the assets of the Debtors are sold
                                    in a single Transaction or through multiple
                                    Transactions DH Capital shall be paid based
                                    upon the gross amount of consideration from
                                    the Transaction(s). DH Capital shall receive
                                    5% of the first million dollars of
                                    consideration, 4% of the second million
                                    dollars of consideration, 3% of the third
                                    million dollars of consideration and 2% of
                                    each additional dollar about three million
                                    in consideration from the Transaction(s). DH
                                    Capital shall be paid in cash upon the
                                    closing of each Transaction less any Monthly
                                    Retainer payments received by DH Capital
                                    under the Engagement Letter which have not
                                    been previously reimbursed to the Debtors;

                                       4

<PAGE>

                                    ii.   Upon the closing of a Transaction the
                                    Debtors will pay DH Capital 3.5% of the
                                    amount of equity capital invested into the
                                    Debtors from any party or parties. DH
                                    Capital shall be paid in cash upon the
                                    closing of each Transaction less any Monthly
                                    Retainer payments received by DH Capital
                                    under the Engagement Letter which have not
                                    been previously reimbursed to the Debtors;
                                    and

                                    iii.  Upon the closing of a Transaction the
                                    Debtors will pay DH Capital 2.0% of any debt
                                    raised for the Debtors from any party or
                                    parties. DH Capital shall be paid in cash
                                    upon the Closing of each Transaction less
                                    any Monthly Retainer payments received by DH
                                    Capital under the Engagement Letter which
                                    have not been previously reimbursed to the
                                    Debtors.

         15. DH Capital shall seek compensation and reimbursement of expenses
upon proper applications for allowance of interim or final compensation in
accordance with (i) the Bankruptcy Code, (ii) the Bankruptcy Rules, (iii) the
Local Rules of this Court and (iv) any applicable Administrative Order of the
Court, and shall be subject to review by this Court in accordance with Section
330 of the Bankruptcy Code.

         16. The applications will set forth in reasonable detail in narrative
format the services performed and the professional persons providing such
services. However, DH Capital shall not be required to maintain time records or
to provide or confirm to a schedule of hourly rates for its services.

         17. Except as permitted by Section 504 of the Bankruptcy Code, DH
Capital has neither shared nor agreed to share any compensation received from
the Debtors' estates with any other person.

         18. On the basis of the foregoing, pursuant to Sections 327(a) and
328(a) of the Bankruptcy Code, the Debtors request that the Court authorize the
retention and employment of DH Capital to provide professional services
regarding those subjects enumerated in paragraph 10 above.

RETENTION NUNC PRO TUNC
-----------------------

         19. Finally, the Debtors respectfully request the Court approve the
retention of DH Capital NUNC PRO TUNC to July 16, 2003. The Court may grant
retroactive approval of employment applications filed pursuant to Section 327 of
the Bankruptcy Code in its sound discretion. In RE F/S AIRLEASE II, INC., 844
F.2d 99, 105(3d Cir. 1987); In RE ARKANSAS, 798 F.2d 645, 650 (3d. Cir. 1986).

                                       5

<PAGE>

         20. Beginning on or around July 16, 2003, DH Capital (at the Debtors'
request) actively advised and assisted the Debtors in addressing key financial
and operational restructuring issues.

         21. On the basis of the foregoing, pursuant to Sections 327(a) and
328(a) of the Bankruptcy Code, the Debtors request that the Court authorize the
retention and employment of DH Capital to provide professional services
regarding those subjects enumerated in paragraph 10 effective as of July 16,
2003.

                                     NOTICE
                                     ------

         22. Notice of this Application will be served upon (i) the United
States Trustee, (ii) counsel for the Creditors Committee, and (iii) all parties
requesting service of notices pursuant to Fed. R. Bankr. P. 2002.

                  WHEREFORE, the Debtors respectfully requests this Court to (i)
enter an Order authorizing the Debtors to retain and employ DH Capital effective
July 16, 2003 for the purposes described herein and (ii) grant such other and
further relief as the Court deems just and proper under the circumstances.

Dated: August 2, 2003       SCHNADER HARRISON SEGAL & LEWIS LLP

                            By:  /s/ Nicholas J. LePore, III
                                 ---------------------------------------
                                 Nicholas J. LePore, III (Pa. No. 32196)
                                 Michael J. Barrie (Pa. No. 85625)
                                 1600 Market Street, Suite 3600
                                 Philadelphia, PA 19103-7286
                                 (215) 751-2000 (telephone)
                                 (215) 751-2205 (facsimile)

                            Attorneys for the Debtors and Debtors In Possession

                                       6

<PAGE>

                                    EXHIBIT A

                                       7

<PAGE>

                                 DH CAPITAL, LLC

                                  FEE AGREEMENT

July 16, 2003

Mr. Barry Borden
Chairman and CEO
FASTNET Corporation
3864 Courtney Street, Suite 130
Two Courtney Place
Bethlehem, PA 18017

Dear Mr. Borden:

FASTNET Corp. and its debtor-subsidiaries (collectively, the "Company") has
requested the assistance of DH Capital, LLC ("DH Capital") with regard to the
initiation of the following potential transactions (the "Transactions") while
the Company operates under Chapter 11 Bankruptcy protection.

    (i)       Transactions whereby the assets, or a portion thereof, of the
              Company may be directly acquired by another party or parties;

    (ii)      Transactions whereby the capital stock, or a portion thereof, of
              the Company may be directly acquired by another party or parties;

    (iii)     Transactions whereby another party or parties may make an equity
              or debt investment, or combination thereof, with the exception of
              Debtor in Possession ("DIP") financing, in the Company whether by
              way of secured or unsecured financing, refinancing, purchase of
              capital stock or assets or otherwise; and whether directly from
              the Company or otherwise; and

    (iv)      Transactions whereby the Company may be merged into or
              consolidated with another party or parties.

In connection with its services relating to a sale of the Company's assets, DH
Capital shall, if and as requested by the Company:

                                       8

<PAGE>

         (i)    Prepare an Offering Memorandum describing the Company, its
                historical performance and prospects, including existing
                contracts, marketing and sales, labor force, and management and
                anticipated financial results of the Company. This Offering
                Memorandum will not be given to any potential buyer without the
                prior consent of the Company and only after execution of a
                confidentiality agreement satisfactory to the Company, unless
                agreed otherwise by the Company.
         (ii)   Work with the Company in developing a list of suitable potential
                buyers who will be contacted on a discreet and confidential
                basis after approval by the Company.
         (iii)  Coordinate the execution of confidentiality agreements for
                potential buyers wishing to review the Offering Memorandum.
         (iv)   Help the Company to coordinate site visits for interested buyers
                and work with the management team to develop appropriate
                presentations for such visits.
         (v)    Solicit competitive offers from potential buyers.
         (vi)   Advise and assist the Company in structuring the transaction and
                negotiating of the transaction agreements.
         (vii)  Assist in negotiating the transaction and assist the Company's
                attorneys and accountants, as necessary, through closing on a
                best efforts basis.

In connection with its services relating to a financing by the Company, DH
Capital shall, if and as requested by the Company:

         (i)    Advise, in light of current market conditions, on all aspects of
                the financing, including timing, structure and terms.
         (ii)   Conduct due diligence and complete a formal Financing Memorandum
                which describes the financing and the Company's business,
                including its history and future prospects.
         (iii)  Approach potential investors, including private capital
                investment funds and other institutional investors.
         (iv)   Solicit term sheets from those investors interested in the
                financing.
         (v)    Negotiate with investors regarding the terms and structure of
                the financing.
         (vi)   Advise the Company, its attorneys and accountants, as required,
                regarding documentation.
         (vii)  On a best efforts basis, participate in closing the financing.

DH Capital agrees to render such assistance, and the Company agrees to retain DH
Capital exclusively, upon terms and conditions and in consideration of the
compensation hereinafter set forth as follows:

    A.   The Company hereby authorizes DH Capital and DH Capital hereby agrees
         for a period of four (4) months from the date hereof (the "Exclusivity
         Period") to initiate discussions on an exclusive basis on behalf of the
         Company with a party or parties with respect to their interest in
         effectuating a Transaction. The authority herein granted to DH Capital
         shall terminate at the end of the Exclusivity Period unless active
         negotiations are then in progress between the Company and a party or
         parties, in which event the Exclusivity Period shall be extended until
         the termination of any such negotiation.

    B.   In the event the Company receives an inquiry concerning any
         Transactions during the Exclusivity Period, the Company will promptly
         inform DH Capital of the potential Transaction and refer to DH Capital
         the inquiry.

    C.   During the term of this engagement the Company will pay DH Capital a
         monthly retainer ("Monthly Retainer") in the amount of $15,000 per
         month. The Monthly Retainer shall be paid in advance on the first of
         each month. The Monthly Retainer fees paid to DH Capital shall be
         credited against the Transaction(s) fees earned by DH Capital pursuant
         to section D of this agreement.

    D.   If the Company consummates, directly or indirectly, a Transaction (i)
         with any party or parties prior to the expiration of the Exclusivity
         Period or (ii) within six months of the expiration of the Exclusivity
         Period, the Company shall compensate DH Capital, at Closing in cash, as
         follows:

                                       9

<PAGE>

         (1)  If the assets of the Company are sold in a single Transaction or
              through multiple Transactions DH Capital shall be paid based upon
              the gross amount of consideration from the Transaction(s). DH
              Capital shall receive 5% of the first million dollars of
              consideration, 4% of the second million dollars of consideration,
              3% of the third million dollars of consideration and 2% of each
              additional dollar above three million in consideration from the
              Transaction(s). FOR EXAMPLE, IF THE ASSETS ARE SOLD IN TWO
              SEPARATE TRANSACTIONS, THE FIRST BEING TWO (2) MILLION DOLLARS AND
              THE SECOND BEING THREE (3) MILLION DOLLARS, DH CAPITAL WOULD
              RECEIVE $90,000 FROM THE FIRST TRANSACTION (5% ON FIRST MILLION
              PLUS 4% ON SECOND MILLION) AND $70,000 ON THE SECOND TRANSACTION
              (3% ON THIRD MILLION PLUS 2% ON ALL AMOUNTS ABOVE THREE MILLION).
              DH Capital shall be paid in cash upon the Closing of each
              Transaction less any Monthly Retainer payments received by DH
              Capital under this agreement which have not been previously
              reimbursed to the Company;

         (2)  Upon the closing of a Transaction the Company will pay DH Capital
              3.5% of the amount of equity capital invested into the Company
              from any party or parties. DH Capital shall be paid in cash upon
              the Closing of each Transaction less any Monthly Retainer payments
              received by DH Capital under this agreement which have not been
              previously reimbursed to the Company;

         (3)  Upon the closing of a Transaction the Company will pay DH Capital
              2.0% of any debt raised for the Company from any party or parties.
              DH Capital shall be paid in cash upon the Closing of each
              Transaction less any Monthly Retainer payments received by DH
              Capital under this agreement which have not been previously
              reimbursed to the Company;

         (4)  For purposes of determining the Aggregate Value of the Transaction
              Consideration against which the DH Capital fee is to be computed,
              there shall be included in addition to the fair market value of
              any cash or securities received in connection with a Transaction,
              the aggregate amount of the indebtedness to be assumed directly or
              indirectly by the Investors with whom the Transaction is
              consummated.

         (5)  The fee payable to DH Capital with respect to any consideration
              paid or received in a Transaction (whether paid or received at the
              closing of the Transaction ("Closing") or thereafter) shall be
              paid at Closing.

         (6)  DH Capital shall not be liable for, nor shall its compensation be
              reduced by, any obligation incurred by the Company for an
              introduction or other service in connection with a Transaction.

         (7)  In order that DH Capital may accurately compute the fee to which
              it is entitled in the event of the consummation of a Transaction,
              the Company shall furnish DH Capital upon request with copies of
              all documentation relating to any Transaction hereunder,
              commencing with the inception of the Transaction through the
              Closing thereof. In addition, the Company shall furnish DH Capital
              with all such other information (including all relevant data with
              respect to contingent and/or deferred payments or other
              consideration) relating to such Transaction as DH Capital may from
              time to time reasonably request both proceeding and subsequent to
              the Closing of any such Transaction.

                                       10

<PAGE>

         (8)  DH Capital shall not be required to maintain time records or to
              provide or conform to such a schedule of hourly rates for its
              services.

    E.   In the absence of a breach of DH Capital's obligations hereunder or DH
         Capital's negligence, misfeasance or willful misconduct in performing
         services hereunder, neither DH Capital nor any manager, partner,
         officer, director, employee, or stockholder of DH Capital shall be
         subject to any liability to the Company, for any act or omission in the
         course of, or in connection with, the rendering or providing of
         services hereunder. The Company shall indemnify and hold DH Capital,
         its managers, partners and their officers, directors, employees and
         stockholders harmless against any losses, claims, damages or
         liabilities to which they or any of them become subject in connection
         with the services referred to herein and shall reimburse them for any
         legal or other expense (including the cost of any investigations)
         reasonably incurred by them arising out of or in connection with any
         action or claim in connection therewith whether or not resulting in any
         liability; provided, however, that the Company shall not be liable in
         any such case to the extent that any such loss, claim, damage or
         liability results from a breach of DH Capital's obligations hereunder
         or from DH Capital's negligence, misfeasance or willful misconduct in
         performing services hereunder. The provisions of this Section E shall
         indefinitely survive the termination of the authority granted to DH
         Capital pursuant to Section A hereof. Notwithstanding the foregoing:

         (1)  The Company shall not be authorized to indemnify, and shall not
              indemnify, DH Capital for any claims arising from, related to, or
              in connection with DH Capital's pre-petition performance of
              services;

         (2)  Subject to the provisions of subparagraphs E(3) and (4) infra, the
              Company shall be authorized to indemnify, and shall indemnify, DH
              Capital, in accordance with this Agreement, for any claim arising
              from, related to, or in connection with DH Capital's post-petition
              performance of the services described in this Agreement;

         (3)  Notwithstanding any provisions of this Agreement to the contrary,
              the Company shall have no obligation to indemnify DH Capital, or
              provide contribution or reimbursement to DH Capital, for any claim
              or expense that is either (i) judicially determined (the
              determination having become final) to have arisen from negligence,
              misfeasance or willful misconduct of DH Capital, or (ii) settled
              prior to a judicial determination as to DH Capital's negligence,
              misfeasance or willful misconduct, but determined by the
              Bankruptcy Court, after notice and a hearing, to be a claim or
              expense for which DH Capital should not receive indemnity,
              contribution or reimbursement under the terms of the Agreement;

         (4)  If, before the earlier of (i) the entry of an order confirming a
              Chapter 11 Plan of Reorganization for the Company (that order
              having become a final order no longer subject to appeal), and (ii)
              the entry of an order closing the Company's Chapter 11 cases, DH
              Capital believes that it is entitled to the payment of any amounts
              by the Company on account of the Company's indemnification,
              contribution and/or reimbursement obligations under this
              Agreement, including without limitation the advancement of defense
              costs, DH Capital must file an application therefore in the
              Bankruptcy Court, and the Company may not pay any such amounts to
              DH Capital before the entry of an order by the Bankruptcy Court
              approving the payment.

    F.   No person or entity, other than the Company and its professionals,
         shall be entitled to make use of, or rely upon, the advice, services or
         material rendered or provided by DH Capital hereunder, and the Company

                                       11

<PAGE>

         shall not directly or indirectly disseminate, distribute or otherwise
         make available any advice, services or materials prepared by DH Capital
         without DH Capital's prior written consent.

    G.   DH Capital waives any and all claims (including without limitation all
         options to acquire capital stock of the Company) relating to the period
         prior to the Company filing for Chapter 11 Bankruptcy protection.

    H.   It is understood and agreed that it shall be a condition precedent to
         the effectiveness of this Agreement that this Agreement and DH
         Capital's retention hereunder is approved by the U.S. Bankruptcy Court
         for the Eastern District of Pennsylvania.

    I.   In the event that the Company's Chapter 11 proceeding is converted to a
         Chapter 7 proceeding, any Trustee so appointed shall not be bound by
         the terms of this Agreement, but DH Capital reserves its rights
         hereunder to assert that any post-petition services provided by it to
         the Company substantially benefited the Company's bankruptcy estate.

    J.   DH Capital agrees to maintain the confidentiality of all information
         provided to it by the Company regarding the Company or a Transaction,
         and shall not disclose any such information to any person other than
         employees of DH Capital without the prior consent of the Company. The
         obligations regarding confidential information received hereunder shall
         not apply to any such information which: (1) is or become part of the
         public domain or is or becomes publicly available without breach hereof
         by DH Capital; or (2) is lawfully acquired by DH Capital from a source
         not under any obligation to the Company regarding disclosure of such
         information and its release is expressly authorized by such source; or
         (3) is disclosed to any third party by or with the permission of the
         Company without confidentiality restrictions; or (4) is developed by or
         on behalf of DH Capital by individuals who have not received
         confidential information hereunder.

    K.   This Agreement, (i) embodies the entire agreement and understanding of
         the parties hereto and supersedes all prior agreements and
         understandings, written or oral, relating to the subject matter hereof,
         and may not be modified or amended or any term or provision hereof
         waived or discharged, except in writing signed by the party against
         whom such modification, waiver or discharge is sought to be enforced;
         and (ii) is not assignable (except to an Operating Subsidiary) without
         the prior written consent of the other party; provided, however, that
         the provisions hereof shall inure to the benefit of, and be binding
         upon, each successor of the Company, whether by merger, consolidation,
         transfer of all or substantially all assets, or otherwise; (iii) has in
         all respects been duly authorized, executed, and delivered by and on
         behalf of the Company and DH Capital; and (iv) shall be interpreted,
         construed, enforced and governed by the applicable laws of the
         Commonwealth of Pennsylvania. Kindly acknowledge that the foregoing
         accurately reflects our agreement with respect to the subject matter
         thereof, by signing the enclosed copy of this letter and returning the
         same to the undersigned.

                                                        Very truly yours,

                                                        Peter B. Hopper
                                                        Managing Member
                                                        DH Capital

                                                        /s/ Peter B. Hopper
                                                        -------------------

                                       12

<PAGE>

THE FOREGOING IS ACCEPTED AND

AGREED TO AS OF THIS ______ DAY
OF ______________, 2003.

         By: Mr. Barry Borden

         ____________________________
By:      Chairman & CEO
         FASTNET Corp.

                                       13

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