EX-10.2 2 g96460exv10w2.txt EX-10.2 LETTER AGREEMENT, DATED JUNE 2, 2005 EXHIBIT 10.2 Time Warner NY Cable LLC c/o Time Warner Cable Inc. 290 Harbor Drive Stamford, CT 06902-6732 June 2, 2005 Adelphia Communications Corporation 5619 DTC Parkway Greenwood Village, CO 80111 Attn: Brad Sonnenberg Ladies and Gentlemen: Reference is made to the Asset Purchase Agreement between Time Warner NY Cable LLC, a Delaware limited liability company ("TWNY"), and Adelphia Communications Corporation, a Delaware corporation ("Adelphia"), dated as of April 20, 2005 (the "TWNY Purchase Agreement"). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to them in the TWNY Purchase Agreement. Adelphia and TWNY hereby agree to extend until June 20, 2005 the deadline set forth in the first sentence of Section 5.13(a) of the TWNY Purchase Agreement to file with the Bankruptcy Court the Disclosure Statement, the Disclosure Statement Motion and the Plan. This letter agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same letter agreement. This letter agreement shall be governed by and construed in accordance with the TWNY Purchase Agreement. Please confirm your agreement with the foregoing by signing and returning a copy of this agreement to the undersigned. Very truly yours, TIME WARNER NY CABLE LLC By: /s/ Satish R. Adige -------------------------------- Name: Satish R. Adige Title: Senior Vice President, Investments Agreed and Acknowledged: ADELPHIA COMMUNICATIONS CORPORATION By: /s/ Brad M. Sonnenberg ---------------------------------------- Name: Brad M. Sonnenberg Title: Executive Vice President and General Counsel Cc: Legal Department Time Warner Cable Inc. Attn: General Counsel Time Warner Inc. Attn: General Counsel Paul, Weiss, Rifkind, Wharton & Garrison LLP Attn: Kelley D. Parker and Robert B. Schumer Sullivan & Cromwell LLP Attn: Alexandra D. Korry 2