Document:

Exhibit 4.7

 

EXECUTION VERSION

 

PLEDGE AGREEMENT JOINDER, dated as of November 27, 2018, made by each of the entities set forth on Schedule 1 (each an “Additional Pledgor” and collectively, the “Additional Pledgors”), in favor of JPMorgan Chase Bank, N.A., as Security Agent for the benefit of the Secured Parties. Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Pledge Agreement (as defined below).

 

WITNESSETH:

 

WHEREAS, reference is made to that certain credit agreement, dated as of October 9, 2015 (as amended, modified, supplemented or restated hereafter, the “Credit Agreement”), among CSC Holdings, LLC (a successor by merger to Neptune Finco Corp.), a Delaware limited liability company (the “Borrower”), the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent and security agent, and the other parties thereto;

 

WHEREAS, in connection with the Credit Agreement, the Borrower and certain of its Subsidiaries (other than the Additional Pledgors) have entered into that certain pledge agreement, dated as  of June 21, 2016 (as  amended, supplemented  replaced or otherwise modified from  time to   time, the “Pledge Agreement”) in favor of the Security Agent for the benefit of the Secured Parties; and

 

WHEREAS, the Additional Pledgors have agreed to execute and deliver this Pledge Agreement Joinder in order to become a party to the Pledge Agreement;

 

NOW, THEREFORE, IT IS AGREED:

 

1.                                      Pledge. By executing and delivering this Pledge Agreement Joinder, each Additional Pledgor, as provided in Section 5.23 of the Pledge Agreement, hereby becomes a party to the Pledge Agreement as a Pledgor thereunder with the same force and effect as if originally named therein as a Pledgor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Pledgor thereunder. Each Additional Pledgor hereby represents and warrants that each of the representations and warranties contained in Article III of the Credit Agreement and the other Loan Documents, in each case as they relate to such Additional Pledgor, each of which is incorporated herein by reference, are true and correct in all material respects (or in all respects if qualified by materiality or Material Adverse Effect) on and as the date hereof (after giving effect to this Pledge Agreement Joinder) as if made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties are true and correct in all material respects (or in all respects if qualified by materiality or Material Adverse Effect), on and as of such earlier date, provided that each such reference in each such representation and warranty to any Borrower’s knowledge shall, for the purposes of this Section 1, be deemed to be a reference to such Additional Pledgor’s knowledge.

 

2.                                      Supplemental Schedules. Each Additional Pledgor hereby represents and warrants that, as of the date hereof, (i) Schedule 2.02 is a true and correct list of all of the Pledged Equity Interests owned by such Additional Pledgor in a Restricted Subsidiary and (ii) Schedule 2.03 (together with Schedule 2.02, the “Supplemental Schedules”) sets forth each Additional Pledgor’s name as it appears in official filings, state of organization, and any name changes occurring within the five-year period preceding the date hereof.

 

 

Each Additional Pledgor hereby agrees that the Supplemental Schedules shall constitute part of the Pledge Agreement.

 

3.                                      GOVERNING LAW. THIS PLEDGE AGREEMENT JOINDER AND ANY CLAIM, CONTROVERSY, DISPUTE OR OTHER CAUSE OF ACTION (WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS PLEDGE AGREEMENT JOINDER AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

 

4.                                      Successors and Assigns. This Pledge Agreement Joinder will be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Additional Pledgors may not assign, transfer or delegate any of their respective rights or obligations under this Pledge Agreement Joinder without the prior written consent of the Security Agent and any such assignment, transfer or delegation without such consent shall be null and void.

 

2

 

IN WITNESS WHEREOF, the undersigned has caused this Pledge Agreement Joinder to be duly executed and delivered as of the date first above written.

 

	
A R H, LTD.
    	
 
    
	
CABLE SYSTEMS, INC.
    	
 
    
	
CEBRIDGE ACQUISITION, LLC
    	
 
    
	
CEBRIDGE CONNECTIONS, INC.
    	
 
    
	
CEBRIDGE CONNECTIONS FINANCE   CORP.
    	
 
    
	
CEBRIDGE CORPORATION
    	
 
    
	
CEBRIDGE GENERAL, LLC
    	
 
    
	
CEBRIDGE LIMITED, LLC
    	
 
    
	
CEBRIDGE TELECOM CA, LLC
    	
 
    
	
CEBRIDGE TELECOM GENERAL, LLC
    	
 
    
	
CEBRIDGE TELECOM ID, LLC
    	
 
    
	
CEBRIDGE TELECOM IN, LLC
    	
 
    
	
CEBRIDGE TELECOM KS, LLC
    	
 
    
	
CEBRIDGE TELECOM KY, LLC
    	
 
    
	
CEBRIDGE TELECOM LA, LLC
    	
 
    
	
CEBRIDGE TELECOM LIMITED, LLC
    	
 
    
	
CEBRIDGE TELECOM MO, LLC
    	
 
    
	
CEBRIDGE TELECOM MS, LLC
    	
 
    
	
CEBRIDGE TELECOM NC, LLC
    	
 
    
	
CEBRIDGE TELECOM NM, LLC
    	
 
    
	
CEBRIDGE TELECOM OH, LLC
    	
 
    
	
CEBRIDGE TELECOM OK, LLC
    	
 
    
	
CEBRIDGE TELECOM TX, L.P.
    	
 
    
	
CEBRIDGE TELECOM VA, LLC
    	
 
    
	
CEBRIDGE TELECOM WV, LLC
    	
 
    
	
CEQUEL III COMMUNICATIONS I, LLC
    	
 
    
	
CEQUEL III COMMUNICATIONS II, LLC
    	
 
    
	
CEQUEL COMMUNICATIONS II, LLC
    	
 
    
	
CEQUEL COMMUNICATIONS III, LLC
    	
 
    
	
CEQUEL COMMUNICATIONS, LLC
    	
 
    
	
 
    	
 
    
	
each, as an Additional Pledgor
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Dexter   Goei
    	
 
    
	
Name: Dexter Goei
    	
 
    
	
Title: President, Chief Executive   Officer and
    	
 
    
	
Director
    	
 
    

 

(Signature Page to Pledge Joinder Agreement)

 

 

	
CEQUEL COMMUNICATIONS ACCESS   SERVICES, LLC
    	
 
    
	
CLASSIC CABLE, INC.
    	
 
    
	
CLASSIC CABLE OF LOUISIANA,   L.L.C.
    	
 
    
	
CLASSIC CABLE OF   OKLAHOMA, INC.
    	
 
    
	
CLASSIC COMMUNICATIONS, INC.
    	
 
    
	
FRIENDSHIP CABLE OF   ARKANSAS, INC.
    	
 
    
	
FRIENDSHIP CABLE OF   TEXAS, INC.
    	
 
    
	
HORNELL TELEVISION   SERVICE, INC.
    	
 
    
	
KINGWOOD HOLDINGS LLC
    	
 
    
	
MERCURY VOICE AND DATA, LLC
    	
 
    
	
NPG CABLE, LLC
    	
 
    
	
NPG DIGITAL PHONE, LLC
    	
 
    
	
ORBIS1, L.L.C.
    	
 
    
	
TCA COMMUNICATIONS, L.L.C.
    	
 
    
	
UNIVERSAL CABLE   HOLDINGS, INC.
    	
 
    
	
W.K. COMMUNICATIONS, INC.
    	
 
    
	
KINGWOOD SECURITY SERVICES, LLC
    	
 
    
	
 
    	
 
    
	
each, as an Additional Pledgor
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Dexter   Goei
    	
 
    
	
Name: Dexter Goei
    	
 
    
	
Title: President, Chief Executive   Officer and
    	
 
    
	
Director
    	
 
    

 

(Signature Page to Pledge Joinder Agreement)

 

 

	
CEBRIDGE ACQUISITION, L.P., as an   Additional Pledgor
    	
 
    
	
By: CEBRIDGE GENERAL, LLC, its   sole general partner
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Dexter   Goei
    	
 
    
	
Name: Dexter Goei
    	
 
    
	
Title: President, Chief Executive   Officer and
    	
 
    
	
Director
    	
 
    

 

(Signature Page to Pledge Joinder Agreement)

 

 

SCHEDULE 1
 Additional Pledgors

 

	
A-1
    	
 
    	
A R H, Ltd
    	
A-32
    	
 
    	
Classic Cable of Louisiana, L.L.C.
    
	
A-2
    	
 
    	
Cable Systems, Inc.
    	
A-33
    	
 
    	
Classic Cable of Oklahoma, Inc.
    
	
A-3
    	
 
    	
Cebridge Acquisition, L.P.
    	
A-34
    	
 
    	
Classic Cable, Inc.
    
	
A-4
    	
 
    	
Cebridge Acquisition, LLC
    	
A-35
    	
 
    	
Classic Communications, Inc.
    
	
A-5
    	
 
    	
Cebridge Connections Finance Corp.
    	
A-36
    	
 
    	
Friendship Cable of Arkansas, Inc.
    
	
A-6
    	
 
    	
Cebridge Connections, Inc.
    	
A-37
    	
 
    	
Friendship Cable of Texas, Inc.
    
	
A-7
    	
 
    	
Cebridge Corporation
    	
A-38
    	
 
    	
Hornell Television Service, Inc.
    
	
A-8
    	
 
    	
Cebridge General, LLC
    	
A-39
    	
 
    	
Kingwood Holdings LLC
    
	
A-9
    	
 
    	
Cebridge Limited, LLC
    	
A-40
    	
 
    	
Kingwood Security Services, LLC
    
	
A-10
    	
 
    	
Cebridge Telecom CA, LLC
    	
A-41
    	
 
    	
Mercury Voice and Data, LLC
    
	
A-11
    	
 
    	
Cebridge Telecom General, LLC
    	
A-42
    	
 
    	
NPG Cable, LLC
    
	
A-12
    	
 
    	
Cebridge Telecom ID, LLC
    	
A-43
    	
 
    	
NPG Digital Phone, LLC
    
	
A-13
    	
 
    	
Cebridge Telecom IN, LLC
    	
A-44
    	
 
    	
ORBIS1, L.L.C.
    
	
A-14
    	
 
    	
Cebridge Telecom KS, LLC
    	
A-45
    	
 
    	
TCA Communications, L.L.C.
    
	
A-15
    	
 
    	
Cebridge Telecom KY, LLC
    	
A-46
    	
 
    	
Universal Cable Holdings, Inc.
    
	
A-16
    	
 
    	
Cebridge Telecom LA, LLC
    	
A-47
    	
 
    	
W. K. Communications, Inc.
    
	
A-17
    	
 
    	
Cebridge Telecom Limited, LLC
    	
A-48
    	
 
    	
Cequel Communications, LLC
    
	
A-18
    	
 
    	
Cebridge Telecom MO, LLC
    	
 
    	
 
    	
 
    
	
A-19
    	
 
    	
Cebridge Telecom MS, LLC
    	
 
    	
 
    	
 
    
	
A-20
    	
 
    	
Cebridge Telecom NC, LLC
    	
 
    	
 
    	
 
    
	
A-21
    	
 
    	
Cebridge Telecom NM, LLC
    	
 
    	
 
    	
 
    
	
A-22
    	
 
    	
Cebridge Telecom OH, LLC
    	
 
    	
 
    	
 
    
	
A-23
    	
 
    	
Cebridge Telecom OK, LLC
    	
 
    	
 
    	
 
    
	
A-24
    	
 
    	
Cebridge Telcom TX, L.P.
    	
 
    	
 
    	
 
    
	
A-25
    	
 
    	
Cebridge Telecom VA, LLC
    	
 
    	
 
    	
 
    
	
A-26
    	
 
    	
Cebridge Telecom WV, LLC
    	
 
    	
 
    	
 
    
	
A-27
    	
 
    	
Cequel Communications Access Services, LLC
    	
 
    	
 
    	
 
    
	
A-28
    	
 
    	
Cequel Communications II, LLC
    	
 
    	
 
    	
 
    
	
A-29
    	
 
    	
Cequel Communications III, LLC
    	
 
    	
 
    	
 
    
	
A-30
    	
 
    	
Cequel III Communications I, LLC
    	
 
    	
 
    	
 
    
	
A-31
    	
 
    	
Cequel III Communications II, LLC
    	
 
    	
 
    	
 
    

 

 

SCHEDULE 2.02
 SCHEDULE OF PLEDGED EQUITY INTERESTS

 

Pledged Equity Interests

 

	
 
    	
 
    	
Issuer
    	
 
    	
Owner
    	
 
    	
Class or Series
    	
 
    	
Share
   Certificate
   No.
    	
 
    	
Percent of Equity
   Interest Owned
    	
 
    	
Percent of
   Equity Interest
   Pledged
    	
 
    
	
A-1
    	
 
    	
A R H, Ltd
    	
 
    	
Cebridge Connections, Inc.
    	
 
    	
LLC Membership Interests
    	
 
    	
A-31
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-2
    	
 
    	
Cable Systems, Inc.
    	
 
    	
Cebridge Connections, Inc.
    	
 
    	
common stock
    	
 
    	
9
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-3
    	
 
    	
Cebridge Acquisition, L.P.
    	
 
    	
Cebridge General, LLC
    	
 
    	
General Partnership Interests
    	
 
    	
N/A
    	
 
    	
1
    	
%
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
Cebridge Limited, LLC
    	
 
    	
Limited Partnership Interests
    	
 
    	
N/A
    	
 
    	
99
    	
%
    	
100
    	
%
    
	
A-4
    	
 
    	
Cebridge Acquisition, LLC
    	
 
    	
Cequel Communications III, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-5
    	
 
    	
Cebridge Connections Finance   Corp.
    	
 
    	
Cequel Communications, LLC
    	
 
    	
common stock
    	
 
    	
2
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-6
    	
 
    	
Cebridge Connections, Inc.
    	
 
    	
Cebridge Corporation
    	
 
    	
common stock
    	
 
    	
1
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-7
    	
 
    	
Cebridge Corporation
    	
 
    	
Cebridge Connections Finance Corp
    	
 
    	
common stock
    	
 
    	
1
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-8
    	
 
    	
Cebridge General, LLC
    	
 
    	
Cequel Communications, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-9
    	
 
    	
Cebridge Limited, LLC
    	
 
    	
Cequel Communications, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-10
    	
 
    	
Cebridge Telecom CA, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-11
    	
 
    	
Cebridge Telecom General, LLC
    	
 
    	
Cequel Communications, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-12
    	
 
    	
Cebridge Telecom ID, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-13
    	
 
    	
Cebridge Telecom IN, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-14
    	
 
    	
Cebridge Telecom KS, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-15
    	
 
    	
Cebridge Telecom KY, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-16
    	
 
    	
Cebridge Telecom LA, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    

 

7

 

	
A-17
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
Cequel Communications, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-18
    	
 
    	
Cebridge Telecom MO, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-19
    	
 
    	
Cebridge Telecom MS, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-20
    	
 
    	
Cebridge Telecom NC, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-21
    	
 
    	
Cebridge Telecom NM, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-22
    	
 
    	
Cebridge Telecom OH, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-23
    	
 
    	
Cebridge Telecom OK, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-24
    	
 
    	
Cebridge Telcom TX, L.P.
    	
 
    	
Cebridge General, LLC
    	
 
    	
General Partnership Interests
    	
 
    	
N/A
    	
 
    	
1
    	
%
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
Cebridge Limited, LLC
    	
 
    	
Limited Partnership Interests
    	
 
    	
N/A
    	
 
    	
99
    	
%
    	
100
    	
%
    
	
A-25
    	
 
    	
Cebridge Telecom VA, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-26
    	
 
    	
Cebridge Telecom WV, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-27
    	
 
    	
Cequel Communications Access   Services, LLC
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-28
    	
 
    	
Cequel Communications II, LLC
    	
 
    	
Cebridge Acquisition, L.P.
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-29
    	
 
    	
Cequel Communications III, LLC
    	
 
    	
Cequel Communications, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-30
    	
 
    	
Cequel III Communications I, LLC
    	
 
    	
Kingwood Holdings LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-31
    	
 
    	
Cequel III Communications II, LLC
    	
 
    	
Cebridge Connections, Inc.
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-32
    	
 
    	
Classic Cable of Louisiana,   L.L.C.
    	
 
    	
Friendship Cable of   Arkansas, Inc.
    	
 
    	
LLC Membership Interests
    	
 
    	
2
    	
 
    	
12.63
    	
%
    	
100
    	
%
    
	
 
    	
 
    	
 
    	
 
    	
Friendship Cable of Texas, Inc.
    	
 
    	
LLC Membership Interests
    	
 
    	
1
    	
 
    	
87.37
    	
%
    	
100
    	
%
    
	
A-33
    	
 
    	
Classic Cable of   Oklahoma, Inc.
    	
 
    	
Universal Cable   Holdings, Inc.
    	
 
    	
common stock
    	
 
    	
5
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-34
    	
 
    	
Classic Cable, Inc.
    	
 
    	
Classic Communications, Inc.
    	
 
    	
common stock
    	
 
    	
3
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-35
    	
 
    	
Classic Communications, Inc.
    	
 
    	
Cebridge Connections, Inc.
    	
 
    	
common stock & preferred   stock
    	
 
    	
common stock: C-81; preferred   stock: P-13
    	
 
    	
100
    	
%
    	
100
    	
%
    

 

8

 

	
A-36
    	
 
    	
Friendship Cable of   Arkansas, Inc.
    	
 
    	
Universal Cable   Holdings, Inc.
    	
 
    	
common stock
    	
 
    	
005
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-37
    	
 
    	
Friendship Cable of   Texas, Inc.
    	
 
    	
Universal Cable   Holdings, Inc.
    	
 
    	
common stock
    	
 
    	
005
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-38
    	
 
    	
Hornell Television   Service, Inc.
    	
 
    	
Cebridge Connections, Inc.
    	
 
    	
common stock
    	
 
    	
31
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-39
    	
 
    	
Kingwood Holdings LLC
    	
 
    	
Cebridge Connections, Inc.
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-40
    	
 
    	
Kingwood Security Services, LLC
    	
 
    	
Cequel III Communications I, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-41
    	
 
    	
Mercury Voice and Data, LLC
    	
 
    	
Cequel Communications, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-42
    	
 
    	
NPG Cable, LLC
    	
 
    	
Cequel Communications, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-43
    	
 
    	
NPG Digital Phone, LLC
    	
 
    	
NPG Cable, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-44
    	
 
    	
ORBIS1, L.L.C.
    	
 
    	
Cequel Communications Access   Services, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-45
    	
 
    	
TCA Communications, L.L.C.
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
LLC Membership Interests
    	
 
    	
N/A
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-46
    	
 
    	
Universal Cable   Holdings, Inc.
    	
 
    	
Classic Cable, Inc.
    	
 
    	
common stock & preferred   stock
    	
 
    	
common stock: 007 preferred   stock: 1
    	
 
    	
100
    	
%
    	
100
    	
%
    
	
A-47
    	
 
    	
W. K. Communications, Inc.
    	
 
    	
Universal Cable   Holdings, Inc.
    	
 
    	
common stock
    	
 
    	
2
    	
 
    	
100
    	
%
    	
100
    	
%
    

 

9

 

SCHEDULE 2.03
 Organizational Information of Additional Pledgors

 

	
 
    	
 
    	
Additional Pledgor
    	
 
    	
State of Organization
    	
 
    	
Name changes in the last 5 years
    
	
A-1
    	
 
    	
A R H, Ltd
    	
 
    	
Colorado
    	
 
    	
No
    
	
A-2
    	
 
    	
Cable Systems, Inc.
    	
 
    	
Kansas
    	
 
    	
No
    
	
A-3
    	
 
    	
Cebridge Acquisition, L.P.
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-4
    	
 
    	
Cebridge Acquisition, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-5
    	
 
    	
Cebridge Connections Finance Corp.
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-6
    	
 
    	
Cebridge Connections, Inc.
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-7
    	
 
    	
Cebridge Corporation
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-8
    	
 
    	
Cebridge General, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-9
    	
 
    	
Cebridge Limited, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-10
    	
 
    	
Cebridge Telecom CA, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-11
    	
 
    	
Cebridge Telecom General, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-12
    	
 
    	
Cebridge Telecom ID, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-13
    	
 
    	
Cebridge Telecom IN, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-14
    	
 
    	
Cebridge Telecom KS, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-15
    	
 
    	
Cebridge Telecom KY, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-16
    	
 
    	
Cebridge Telecom LA, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-17
    	
 
    	
Cebridge Telecom Limited, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-18
    	
 
    	
Cebridge Telecom MO, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-19
    	
 
    	
Cebridge Telecom MS, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-20
    	
 
    	
Cebridge Telecom NC, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-21
    	
 
    	
Cebridge Telecom NM, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-22
    	
 
    	
Cebridge Telecom OH, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-23
    	
 
    	
Cebridge Telecom OK, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-24
    	
 
    	
Cebridge Telcom TX, L.P.
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-25
    	
 
    	
Cebridge Telecom VA, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-26
    	
 
    	
Cebridge Telecom WV, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-27
    	
 
    	
Cequel Communications Access   Services, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-28
    	
 
    	
Cequel Communications II, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-29
    	
 
    	
Cequel Communications III, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-30
    	
 
    	
Cequel III Communications I, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-31
    	
 
    	
Cequel III Communications II, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-32
    	
 
    	
Classic Cable of Louisiana,   L.L.C.
    	
 
    	
Louisiana
    	
 
    	
DBA Suddenlink Communication IV   from May 5, 2016
    
	
A-33
    	
 
    	
Classic Cable of   Oklahoma, Inc.
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-34
    	
 
    	
Classic Cable, Inc.
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-35
    	
 
    	
Classic Communications, Inc.
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-36
    	
 
    	
Friendship Cable of   Arkansas, Inc.
    	
 
    	
Texas
    	
 
    	
No
    
	
A-37
    	
 
    	
Friendship Cable of   Texas, Inc.
    	
 
    	
Texas
    	
 
    	
No
    
	
A-38
    	
 
    	
Hornell Television   Service, Inc.
    	
 
    	
New York
    	
 
    	
No
    
	
A-39
    	
 
    	
Kingwood Holdings LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-40
    	
 
    	
Kingwood Security Services, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-41
    	
 
    	
Mercury Voice and Data, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-42
    	
 
    	
NPG Cable, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-43
    	
 
    	
NPG Digital Phone, LLC
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-44
    	
 
    	
ORBIS1, L.L.C.
    	
 
    	
Louisiana
    	
 
    	
No
    
	
A-45
    	
 
    	
TCA Communications, L.L.C.
    	
 
    	
Texas
    	
 
    	
No
    
	
A-46
    	
 
    	
Universal Cable   Holdings, Inc.
    	
 
    	
Delaware
    	
 
    	
No
    
	
A-47
    	
 
    	
W. K. Communications, Inc.
    	
 
    	
Kansas
    	
 
    	
No
    
	
A-48
    	
 
    	
Cequel Communications, LLC
    	
 
    	
Delaware
    	
 
    	
NoNovember 23, 2018

 

Louisa Ingargiola

4826 Blue Jay Circle

Palm Harbor, FL 34689

Dear Ms. Ingargiola:

On behalf of AgEagle Aerial Systems
Inc., a Nevada corporation (the “Company”), I am pleased to invite you to join the Company’s Board of Directors
(the “Board”). If you accept, you will serve as a Director from the date that you sign this letter of appointment (the
“Effective Date”) until the date upon which your successor is elected, or your earlier removal or resignation.

You shall have all responsibilities
of a Director imposed by Nevada or applicable law, and the Articles of Incorporation and Bylaws of the Company, as may be amended
from time to time. These responsibilities shall include, but shall not be limited to, the following:

		·	Telephonic meetings with the CEO, the Board and similar parties, and occasional in- person scheduled
meetings of the Board;

		·	Participation in the development and refinement of the Company’s strategic plan, business
plan and long-term vision;

		·	Assisting the Company in achieving stated milestones; and

		·	Representing the stockholders and the interests of the Company as a fiduciary.

You are hereby also being requested to serve
in the following capacities on the committees of the Board: Chair of the Audit Committee and as a member on each of the Compensation
Committee and the Nominating and Corporate Governance Committee.

In consideration for your services and
upon approval by our Board of Directors, you will receive the following compensation. The terms and conditions of the stock option
grants will be pursuant to the terms of a stock option agreement.

		·	An initial grant of 41,250 stock options at an exercise price of $.77  per share (the “Initial
Grant”). The Initial Grant is exercisable for a period of five years and vests in equal quarterly installments over a one
year period from the date of grant.

		·	A quarterly grant of 16,500 with an exercise price at the current market price of the Company’s
common stock at the time of issuance (the “Quarterly Options”). The Quarterly Options are exercisable for a period
of five years from the date of grant and vest in equal quarterly installments over a period of two years from the date of grant.

 

     

     

    

You will receive indemnification as
a Director of the Company to the maximum extent extended to Directors of the Company generally, as set forth in the Company’s
Articles of Incorporation, Bylaws, and the Directors and Officers insurance coverage the Company maintains.

By accepting this offer, you are representing
to us that (i) you do not know of any conflict that would restrict your service on the Board, (ii) there is nothing in your background
that would disqualify you from serving on the Board, and (iii) you will not provide the Company with any documents, records, or
other confidential information belonging to other parties. Since we are a public company, if asked, you will complete a Director’s
Questionnaire and agree to a background check.

I hope that this offer is satisfactory
to you and I look forward to your joining the Company’s Board of Directors. Please indicate your acceptance of this offer
by signing below and returning one copy of this offer to me as soon as possible. By signing below you acknowledge that you have
read this agreement and fully understand the nature and effect of it and the terms contained herein and that the said terms are
fair and reasonable and correctly set out your understanding and intention.

Luisa, I very much look forward to having
you on the Board of AgEagle, and working with you to achieve great things for this company.

	 	Very truly yours,
	 	 
	 	 	/s/ Bret Chilcott
	 	 	Bret Chilcott
	 		President and Chairman of the Board

 I accept the position on the
Board of Directors of AgEagle Aerial Systems Inc., under the terms and conditions set forth herein.

	/s/ Louisa Ingargiola		Date:	11-27-18
	Louisa Ingargiola

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