FORM OF ITC^DELTACOM, INC. EXECUTIVE STOCK INCENTIVE PLAN SERIES B PREFERRED STOCK UNIT AGREEMENTSeries B Preferred Stock Unit Agreement • March 24th, 2006 • Itc Deltacom Inc • Telephone communications (no radiotelephone) • Delaware
ITC^DeltaCom, Inc., a Delaware corporation (the “Company”), hereby grants stock units relating to shares of its 8% Series B convertible redeemable preferred stock, $.01 par value (the “Stock”), to the individual named below as the Holder, 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 , 2005 and as amended as of December 20, 2005 (as further amended from time to time, the “Employment Agreement”), and in the ITC^DeltaCom, Inc. Executive Stock Incentive Plan (the “Plan”).
