STANDSTILL AGREEMENTStandstill Agreement • May 5th, 2023 • Frontier Communications Parent, Inc. • Telephone communications (no radiotelephone) • Delaware
As a result of discussions in which Ares Management LLC has indicated to Frontier Communications Parent, Inc. (the “Company”) that one or more Ares Parties (as defined below) may have interest in purchasing additional equity in the Company from time to time up to an aggregate of 20.0% of the outstanding shares of Common Stock (as defined below), the Company, on the one hand, and each of Ares Management LLC (“Ares Management”), ACOF Investment Management LLC, on behalf of itself and each of the entities listed on Schedule A under “ACOF Entities”, ASOF Investment Management LLC, on behalf of itself and each of the entities listed on Schedule A under “ASOF Entities”, and ASSF Operating Manager IV, L.P., on behalf of itself and each of the entities listed on Schedule A under “SSF IV Entities” (collectively, the “Ares Parties”), on the other hand, have agreed to the terms contained in this Standstill Agreement (this “Agreement”). This Agreement will take effect as of the date hereof (the “E
