RECITALS:Share Exchange Agreement • September 5th, 2000 • At&t Corp • Telephone communications (no radiotelephone) • Delaware
AT&T CORP. 32 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10013 August 28, 2000At&t Corp • September 5th, 2000 • Telephone communications (no radiotelephone) • Delaware
Reference is hereby made to the letter agreement dated March 28, 2000 and the term sheets attached thereto, among At Home Corporation ("EXCITE@HOME"), AT&T Corp. ("AT&T"), Comcast Corporation ("COMCAST") and Cox Communications, Inc. ("COX", and together with AT&T and Comcast, the "PRINCIPAL CABLE PARTNERS") (such letter agreement and term sheets herein referred to as the "MARCH 28 LETTER AGREEMENT"), pursuant to which, among other things, AT&T agreed to extend its distribution relationship with Excite@Home until June 4, 2008, each of Comcast and Cox agreed to extend its distribution relationship with Excite@Home until June 4, 2006, and Excite@Home agreed to grant to each Principal Cable Partner, a warrant to purchase two shares of Excite@Home's Series A Common Stock for each home passed by the cable system of such Principal Cable Partner.
