0001104659-11-030767 Sample Contracts

Contract
Standstill Agreement • May 23rd, 2011 • Level 3 Communications Inc • Telephone communications (no radiotelephone) • New York

This STANDSTILL AGREEMENT (this “Agreement”) is dated as of the 20th day of May, 2011 by and between Level 3 Communications, Inc., a Delaware corporation (the “Company”), and Southeastern Asset Management, Inc., a Tennessee corporation (“Southeastern”). This Agreement will only become effective as provided in Section 5.11 below.

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