0001193125-15-064862 Sample Contracts

Contract
Employment Agreement • February 26th, 2015 • Time Warner Inc. • Cable & other pay television services • New York

AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) made February 24, 2015 effective as of January 1, 2015 (the “Effective Date”) between TIME WARNER INC., a Delaware corporation (the “Company”), and HOWARD AVERILL (“You”).

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TIME WARNER INC. NON-QUALIFIED STOCK OPTION AGREEMENT
Non-Qualified Stock Option Agreement • February 26th, 2015 • Time Warner Inc. • Cable & other pay television services • New York

WHEREAS, the Company has adopted the Plan (as defined below), the terms of which are hereby incorporated by reference and made a part of this Agreement; and

Performance Stock Units Agreement General Terms and Conditions
Performance Stock Units Agreement • February 26th, 2015 • Time Warner Inc. • Cable & other pay television services • New York

WHEREAS, the Company has adopted the Plan (as defined below), the terms of which are hereby incorporated by reference and made a part of this Agreement; and

FORM OF LETTER AGREEMENT
Commercial Paper Dealer Agreement • February 26th, 2015 • Time Warner Inc. • Cable & other pay television services • New York

Reference is made to that certain Commercial Paper Dealer Agreement, dated as of February 16, 2011 (the “Dealer Agreement”), among Time Warner Inc., a Delaware corporation (the “Issuer”), Historic TW Inc. (the “Note Guarantor”), Home Box Office, Inc. and Turner Broadcasting System, Inc. (together with Home Box Office, Inc., the “Supplemental Guarantors”) and [—] (the “Dealer”). Capitalized terms used in this letter agreement (this “Agreement”) and not otherwise defined herein shall have the respective meanings ascribed to such terms in the Dealer Agreement.

Restricted Stock Units Agreement General Terms and Conditions
Restricted Stock Units Agreement • February 26th, 2015 • Time Warner Inc. • Cable & other pay television services • New York

WHEREAS, the Company has adopted the Plan (as defined below), the terms of which are hereby incorporated by reference and made a part of this Agreement; and

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