Draft -- 12/2/96] THIRD SUPPLEMENTAL INDENTURE (this "Third Supplemental Indenture"), dated as of December , 1996, among TIME WARNER COMPANIES, INC. (formerly known as Time Warner Inc.), a Delaware corporation (the "Company"), TIME WARNER INC....Indenture • December 3rd, 1996 • Time Warner Companies Inc • Services-motion picture & video tape production • New York
