EMPLOYMENT AGREEMENTEmployment Agreement • February 21st, 2014 • Zayo Group LLC • Telephone communications (no radiotelephone) • Delaware
This Employment Agreement (the “Agreement”) is entered into as of February 15, 2014 (the “Effective Date”) between Communications Infrastructure Investments, LLC, a Delaware limited liability company (“CII”), Zayo Group, LLC, a Delaware limited liability company (“Zayo” and collectively with CII, the “Company”) and Daniel P. Caruso (the “Executive”) (each of the foregoing individually a “Party” and collectively the “Parties”).
Re: Advance Distribution from Communications Infrastructure Investments, LLC (the “Company”) under the Fourth Amended and Restated Limited Liability Company Agreement of the Company, dated as of December 13, 2012, as amended (the “Operating Agreement”)Zayo Group LLC • February 21st, 2014 • Telephone communications (no radiotelephone)
This distribution will be treated the same as the advance distribution provided to the other Common Unit holders, except that the percentage applied to withholding of future distributions in respect of your Common Units will be 100% (not 111.111%) - i.e., there is no interest factor or similar cost for you to accept this advance distribution. Upon making the advance distribution, the Operating Agreement will be deemed to be amended by this letter to reflect this treatment. No further action is required of you.
