OPERATING AGREEMENT OF LEVEL 3 COMMUNICATIONS, LLC a Delaware Limited Liability CompanyOperating Agreement • June 13th, 2005 • Level 3 Communications Inc • Telephone communications (no radiotelephone) • Delaware
LEVEL 3 FINANCING, INC. REGISTRATION AGREEMENTRegistration Agreement • June 13th, 2005 • Level 3 Communications Inc • Telephone communications (no radiotelephone) • New York
Level 3 Financing, Inc., a Delaware company (the “Issuer”), proposes to issue and sell to certain purchasers (the “Purchasers”), upon the terms set forth in a purchase agreement dated September 26, 2003 (the “Purchase Agreement”), $500,000,000 aggregate principal amount of its 10.750% Senior Notes due 2011 (the “Original Securities”) (such sale, the “Initial Placement”) to be guaranteed on an unsecured unsubordinated basis by Level 3 Communications, Inc., the direct parent company of the Issuer (“Parent”). As an inducement to the Purchasers to enter into the Purchase Agreement and in satisfaction of a condition to your obligations thereunder, the Issuer and Parent jointly and severally agree with you, (i) for your benefit and the benefit of the other Purchasers and (ii) for the benefit of the holders from time to time of the Original Securities (including you and the other Purchasers) (each of the foregoing a “Holder” and together the “Holders”), as follows:
AMENDMENT TO THE OPERATING AGREEMENT OF LEVEL 3 COMMUNICATIONS, LLCOperating Agreement • June 13th, 2005 • Level 3 Communications Inc • Telephone communications (no radiotelephone)
