AMENDMENT NO. 1 TO THE RIGHTS AGREEMENTRights Agreement • March 15th, 2012 • Level 3 Communications Inc • Telephone communications (no radiotelephone) • Delaware
This Amendment No. 1 to the Rights Agreement (this “Amendment”), dated as of March 15, 2012, is made by and between Level 3 Communications, Inc., a Delaware corporation (the “Company”), and Wells Fargo Bank, N.A., as rights agent (the “Rights Agent”), and amends the Rights Agreement, dated as of April 10, 2011, between the Company and the Rights Agent (the “Rights Agreement”). Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings given them in the Rights Agreement.
AMENDMENT NO. 1 TO THE STANDSTILL AGREEMENTStandstill Agreement • March 15th, 2012 • Level 3 Communications Inc • Telephone communications (no radiotelephone) • New York
This Amendment No. 1 to the Standstill Agreement (this “Amendment”), dated as of March 15, 2012, is made by and between Level 3 Communications, Inc., a Delaware corporation (the “Company”), and Southeastern Asset Management, Inc., a Tennessee corporation (“Southeastern”), and amends the Standstill Agreement, dated as of May 20, 2011, between the Company and Southeastern (the “Standstill Agreement”). Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings given them in the Standstill Agreement.
EXCHANGE AGREEMENTExchange Agreement • March 15th, 2012 • Level 3 Communications Inc • Telephone communications (no radiotelephone) • New York
EXCHANGE AGREEMENT, dated as of March 13, 2012, by and among LEVEL 3 COMMUNICATIONS, INC., a Delaware corporation (the “Company”), LONGLEAF PARTNERS FUND (the “Investor”), a series of Longleaf Partners Funds Trust, a Massachusetts business trust, and SOUTHEASTERN ASSET MANAGEMENT, INC., a Tennessee corporation (“Southeastern”), solely with respect to Sections 3, 5.2 and 5.4 herein.
