8,750,000 Shares Adelphia Business Solutions, Inc. Class A Common Stock ($0.01 par value) UNDERWRITING AGREEMENTUnderwriting Agreement • December 1st, 1999 • Adelphia Business Solutions Inc • Telephone communications (no radiotelephone) • New York
ADELPHIA COMMUNICATIONS CORPORATION ONE NORTH MAIN STREET COUDERSPORT, PENNSYLVANIA 16915 November 23, 1999 Adelphia Business Solutions, Inc. One North Main Street Coudersport, Pennsylvania 16915 Re: Purchase of Shares of Adelphia Business Solutions,...Purchase Agreement • December 1st, 1999 • Adelphia Business Solutions Inc • Telephone communications (no radiotelephone)
The undersigned hereby agrees to purchase directly from you, and you agree to sell to the undersigned, upon the terms and subject to the conditions set forth herein, an aggregate of 5,181,350 shares (the "Shares") of Class B Common Stock, $.01 par value per share of Adelphia Business Solutions, Inc., a Delaware corporation (the "Company"), at a purchase price of $28.95 per share. Each capitalized term used herein without being defined herein shall have the meaning ascribed to it in the Underwriting Agreement, of even date herewith (the "Underwriting Agreement"), among the Company and Salomon Smith Barney, Inc. and the other underwriters named therein (together, the "Underwriters"), with respect to the offering and sale of 8,750,000 shares (excluding the over-allotment option) of the Company's Class A Common Stock, $.01 par value per share (the "Class A Common Stock).
