0001104659-10-030706 Sample Contracts

AMENDED MASTER DEFERRED ISSUANCE STOCK AGREEMENT
Master Deferred Issuance Stock Agreement • May 25th, 2010 • Level 3 Communications Inc • Telephone communications (no radiotelephone)

This Amended Master Deferred Issuance Stock Agreement (along with the Exhibits hereto, this “Agreement”) is entered into as of , by and between Level 3 Communications, Inc., a Delaware corporation (the “Company”), and the individual whose name appears on the signature page to this Agreement (the “Employee”), an “Employee” as defined in the Company’s Level 3 Communications, Inc. Stock Plan (as further amended from time to time, the “Plan”).

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LEVEL 3 COMMUNICATIONS, INC. OSO MASTER AWARD AGREEMENT
Oso Master Award Agreement • May 25th, 2010 • Level 3 Communications Inc • Telephone communications (no radiotelephone)

THIS OSO MASTER AWARD AGREEMENT (the “Agreement”) is dated as of , between Level 3 Communications, Inc., a Delaware corporation (the “Company”), and the individual whose name appears on the signature page to this Agreement (the “Grantee”), an “Employee” as defined in the Company’s Level 3 Communications, Inc. Stock Plan (as amended from time to time) (the “Plan”).

MASTER DEFERRED ISSUANCE STOCK AGREEMENT FOR NON-EMPLOYEE DIRECTORS
Master Deferred Issuance Stock Agreement • May 25th, 2010 • Level 3 Communications Inc • Telephone communications (no radiotelephone)

This Master Deferred Issuance Stock Agreement for Non-Employee Directors (along with the Exhibit hereto, this “Agreement”) is entered into as of , by and between Level 3 Communications, Inc., a Delaware corporation (the “Company”), and the individual whose name appears on the signature page to this Agreement (the “Director”), an “Employee” as defined in the Company’s Level 3 Communications, Inc. Stock Plan (as amended from time to time, the “Plan”).

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