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3. In the event that Guarantor should breach or fail to timely perform any provisions of this Guaranty, Guarantor shall pay Authority all costs and expenses (including court costs and attorneys' fees) incurred by Authority in the successful enforcement hereof. 4. Guarantor represents and warrants that the execution, delivery and performance by Guarantor of this Guaranty and the consummation of the transactions contemplated hereunder do not, and will not, contravene or conflict with any law, statute or regulation whatsoever to which Guarantor is subject or constitute a default (or an event which with notice or lapse of time or both would constitute a default) under, or result in the breach of, any indenture, mortgage, deed of trust, charge, lien, or any contract, agreement or other instrument to which Guarantor is a party or which may be applicable to Guarantor. This Guaranty is a legal and binding obligation of Guarantor and is enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to the enforcement of creditors' rights. 5. The Guarantor agrees that no failure to exercise, and no delay in exercising, on the part of the Authority, any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right. The rights of the Authority hereunder shall be in addition to all other rights provided by law. No modification or waiver of any provision of this Guaranty, nor consent to departure therefrom, shall be effective unless in writing and no such consent or waiver shall extend beyond the particular case and purpose involved. No notice or demand given in any case shall constitute a waiver of the right to take other action in the same, similar or other instances without such notice or demand. 6. This Guaranty shall be governed by and construed in accordance with the laws of the State of Minnesota and the applicable laws of the United States of America. 7. This Guaranty may be amended only by an instrument in writing executed by the party or an authorized representative of the party against whom such amendment is sought to be enforced. IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be duly executed by its authorized officers as of the day and year fIrst above written. Continental Cablevision, Inc. . By Title ATIEST: C:ICA8I.1\C01t1'1NEN1AV.H'!'Y.PIN