Exhibit 10.1 MASTER DEFERRED ISSUANCE STOCK AGREEMENT This Deferred Issuance Stock Agreement (along with Exhibit A hereto, this "Agreement") is entered into as of April 1, 2005, by and between Level 3 Communications, Inc., a Delaware corporation (the...Deferred Issuance Stock Agreement • May 27th, 2005 • Level 3 Communications Inc • Telephone communications (no radiotelephone)
