ITC^DELTACOM, INC. EXECUTIVE STOCK INCENTIVE PLAN COMMON STOCK UNIT AGREEMENT (SERIES A PREFERRED STOCK UNIT AGREEMENT, AS AMENDED)Executive Stock Incentive Plan • August 6th, 2007 • Itc Deltacom Inc • Telephone communications (no radiotelephone)
ITC^DeltaCom, Inc., a Delaware corporation (the “Company”) has previously granted stock units relating to shares of its 8% Series A Convertible Redeemable Preferred Stock, $.01 par value, to the individual named below as holder pursuant to a Series A Preferred Stock Unit Agreement dated as of December 23, 2005 (the “Preferred Stock Unit Agreement”). In connection with the recapitalization of the Company effective as of July 31, 2007, the Company hereby amends and replaces the Preferred Stock Unit Agreement with this agreement and hereby converts the stock units described above into stock units relating to shares of its common stock, $.01 par value (the “Stock”), subject to the vesting conditions referred to in the attachment. Additional terms and conditions of the grant are set forth in this cover sheet, in the attachment, in the individual’s employment agreement, dated as of and as amended as of (as further amended from time to time, the “Employment Agreement”), and in the ITC^DeltaCo
