Notice of Termination of Transactions Agreement between Comcast Corporation and Charter Communications, Inc.

Summary

Comcast Corporation has notified Charter Communications, Inc. that their Transactions Agreement, originally dated April 25, 2014, is terminated as of April 24, 2015. This termination follows the ending of the Comcast-TWC Transaction, which made the Transactions Agreement terminable under its terms. The letter serves as formal notice of this termination, ending any obligations under the original agreement between the two companies.

EX-10.2 3 dp55524_ex1002.htm EXHIBIT 10.2
Exhibit 10.2
 
COMCAST CORPORATION
 
ONE COMCAST CENTER
 
PHILADELPHIA, PENNSYLVANIA 19103
 
 
April 24, 2015
 
 
Charter Communications, Inc.
400 Atlantic Street, 10th Floor
Stamford, Connecticut  06901
Attention: Rick Dykhouse (General Counsel)
 
Re: 
Termination of Comcast-Charter Transactions
 
Ladies and Gentlemen:
 
Reference is made to the Transactions Agreement (the “Transactions Agreement”), dated as of April 25, 2014, between Comcast Corporation, a Pennsylvania corporation, and Charter Communications, Inc., a Delaware corporation.  Capitalized terms used and not defined herein have the meanings assigned to such terms in the Transactions Agreement.
 
Please be advised that the Comcast-TWC Transaction has been terminated, effective as of April 24, 2015.  Pursuant to the “Termination” section of the Transactions Agreement, the Transactions Agreement became terminable upon termination of the Comcast-TWC Transaction.  Accordingly, this letter is to notify you that the Transactions Agreement is hereby terminated.
 
Sincerely,
 
   
COMCAST CORPORATION
 
   
       
By: /s/ Arthur R. Block  
  Name: Arthur R. Block  
  Title: Executive Vice President