EX-10.1



 EXHIBIT 10.1 

INTERIM EMPLOYMENT AGREEMENT 
 This
Interim Employment Agreement (“Agreement”) is made and entered into by and between G. Edward Evans (“Executive”) and Inteliquent, Inc. (“Employer”). This Agreement is entered to as of March 20, 2015 and is
effective as of the Effective Date defined below. 
 WHEREAS, Executive is employed as Employer’s Chief Executive Officer pursuant to
an Employment Agreement by and between Employer and Executive, dated April 1, 2011, as amended on March 26, 2013 and May 8, 2014 (“Employment Agreement”) (attached with amendments as Exhibit A); 

WHEREAS, on January 16, 2015, Employer announced that Executive would be departing as Chief Executive Officer in order to pursue other
interests; 
 WHEREAS, although the Employment Agreement expires on March 31, 2015, Employer and Executive desire that Executive will
continue to serve as Employer’s Chief Executive Officer beyond March 31, 2015, while Employer continues its search for Executive’s successor; 

WHEREAS, this Agreement shall only be effective upon, and shall not be effective prior to, April 1, 2015 (the “Effective Date”)
and, for the avoidance of doubt, the Employment Agreement shall remain in effect prior to the Effective Date in accordance with its terms; and 

NOW, THEREFORE, in consideration of the promises and payments set forth in this Agreement, the sufficiency of which is hereby acknowledged,
the parties agree as follows: 
 1. Executive will continue to serve as Chief Executive Officer of Employer between the Effective Date, and
the earlier of: (a) thirty (30) days after Executive delivers a notice of termination pursuant to Section 8 below; (b) up to thirty (30) days after Employer delivers a notice of termination pursuant to Section 8 below;
or (c) September 1, 2015 (the “Interim Employment Period”). In the event that Executive does not continue to remain employed with the Company through the Effective Date, this Agreement shall be null and void and Executive shall
have no further rights hereunder. 
 2. Other than as set forth in Section 3 and Section 6 (with respect to severance payments),
all of the terms and conditions of Executive’s employment as Chief Executive Officer of Employer under the Employment Agreement will apply during the Interim Employment Period. 

3. During the Interim Employment Period, Executive’s base salary will be paid by Employer at an annualized rate of $1,029,600. Executive
will not receive any annual bonus as set forth in Section 2.2 of the Employment Agreement. Employer will continue to reimburse Executive for reasonable costs incurred in connection with Executive’s travel between Oklahoma City and Chicago,
as set forth in Section 3(c) of the Employment Agreement, during the Interim Employment Period. In lieu of the housing benefits set forth in Section 3(d) of the Employment Agreement, Employer will reimburse Executive for reasonable costs
incurred by Executive in connection with lodging and meal expenses while Executive is in Chicago for business reasons during the Interim Employment Period. 







 4. Executive’s employment at Employer will end on the first calendar date immediately
following the end of the Interim Employment Period (the “Termination Date”). 
 5. On the Termination Date, Employer will pay
Executive’s unpaid base salary, any unused vacation pay accrued, and any unreimbursed business expenses submitted and incurred in accordance with Employer’s standard reimbursement policy through the Termination Date. If the Interim
Employment Period has ended because of Employer’s delivery of a termination notice pursuant to Section 1(b) above, Employer will, in addition to the payments set forth in this Section 5, pay Executive the equivalent of
Executive’s base salary at the annualized rate set forth in Section 3 above for the period of thirty (30) days, less the number of days of the advance notice provided by the Company in accordance with Section 1(b) above. 

6. In lieu of the acceleration of any equity award or any other payments payable to Executive upon termination of Executive’s employment,
whether under the Employment Agreement, any equity agreement or otherwise: 
 (a) Subject to Section 6(d) below,
Employer will pay Executive severance payments equal to twelve (12) months’ base salary following the Termination Date. These payments will be made at the annual salary rate of $514,800, and shall be payable in equal installments in
accordance with Employer’s payroll payment schedule in effect at the time of payment. 
 (b) Subject to
Section 6(d) below, unvested equity awards received by Executive pursuant to the award agreements set forth on Exhibit B that would have vested within eighteen (18) months of the Termination Date, had Executive remained employed by the
Company through such date, will become immediately vested on the day after the Termination Date. Notwithstanding the terms of any stock option award agreement between Executive and Employer, Executive will have 6 months from the Termination Date to
exercise any stock option awards that become vested pursuant to this Agreement, such exercise to otherwise be subject to the terms and conditions of the applicable plans and award agreements. 

(c) All payments and equity awards hereunder will be subject to applicable federal, state and local taxes and withholding and
less any other deductions authorized by Executive or by law. 
 (d) It is a condition precedent to Employer’s obligation
to accelerate the vesting of any equity awards or make any severance payments to Executive pursuant to this Section 6 that Executive executes a general release, in a form acceptable to Employer’s Board of Directors, in favor of Employer,
the members of Employer’s Board and its other affiliates releasing all claims arising out of Executive’s employment and the termination of Executive’s employment. Such release shall be executed and delivered (and no longer subject to
revocation, if applicable) within sixty (60) days following Executive’s termination. Any payment or benefit payable under this Section 6 that constitutes “nonqualified deferred compensation” for purposes of Code
Section 409A that would otherwise be made less than sixty (60) days after Executive’s termination shall instead be paid on the sixtieth (60th) day after Executive’s termination to the extent








 
required by Code Section 409A. Moreover, Employer will be under no obligation to accelerate the vesting of any equity awards or make any severance payments to Executive if Employer
terminates Executive for Cause (as defined in the Employment Agreement) in accordance with the terms of the Employment Agreement. 
 7.
Executive specifically acknowledges and reaffirms Executive’s ongoing obligations to Employer pursuant to Section 4 of the Employment Agreement, including the Proprietary Information and Invention Agreement executed by the Executive on
April 1, 2011, all of which obligations are incorporated herein and will remain in full force and effect during the Interim Employment Period. 

8. Either Executive or Employer may, at any time, send the other party written notice of termination of this Agreement. If Executive is
sending the written notice of termination, Executive must send it to the following two email addresses: rmonto@inteliquent.com and hynesjp@yahoo.com. If Employer is sending the written notice of termination, Employer must send the
notice to: gedwardevans@icloud.com. 
 9. This Agreement constitutes the entire agreement between the parties concerning
Executive’s employment during the Interim Employment Period. This Agreement may be modified only by a written instrument signed by both parties. This Agreement may be executed in one or more counterparts, each of which will be deemed an
original, but all of which constitute one and the same Agreement. Signatures exchanged by PDF will be treated as valid original signatures for all purposes 

10. This Agreement will be governed by the laws of the State of Illinois and all disputes arising under this Agreement must be submitted to a
court of competent jurisdiction in Chicago, Illinois. 
 11. Section 409A Compliance. 

(a) The intent of the parties is that payments and benefits under this Agreement comply with Code Section 409A and, accordingly, to the
maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or
damages for failing to comply with Code Section 409A. 
 (b) A termination of employment shall not be deemed to have occurred for
purposes of any provision of this Agreement providing for the payment of any amount or benefit upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Code
Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” Notwithstanding anything to the
contrary in this Agreement, if Executive is deemed on the date of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the provision of any
benefit that is considered “nonqualified deferred compensation” under Code Section 409A 







 
payable on account of a “separation from service,” such payment or benefit shall not be made or provided until the date which is the earlier of (a) the expiration of the six
(6)-month period measured from the date of such “separation from service” of Executive, and (b) the date of Executive’s death, to the extent required under Code Section 409A. Upon the expiration of the foregoing delay
period, all payments and benefits delayed pursuant to this Section 11(b) (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to Executive in a lump
sum, and all remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. 

(c) To the extent that reimbursements or other in-kind benefits under this Agreement constitute “nonqualified deferred compensation”
for purposes of Code Section 409A, (a) all expenses or other reimbursements hereunder shall be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by Executive, (b) any
right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (c) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any
way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year. 
 (d) For purposes of
Code Section 409A, Executive’s right to receive installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment
period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company. 

(e) Notwithstanding any other provision of this Agreement to the contrary, in no event shall any payment or benefit under this Agreement that
constitutes “nonqualified deferred compensation” for purposes of Code Section 409A be subject to offset by any other amount unless otherwise permitted by Code Section 409A. 

WHEREFORE, the parties have executed this Agreement effective on the date first set forth above. 

 

									
	EXECUTIVE				INTELIQUENT, INC.
				
	 /s/ G. Edward Evans
				By:		 /s/ Kurt Abkemeier

	Name:		G. Edward Evans				Name:		Kurt Abkemeier
							Title:		Chief Financial Officer and Executive Vice President








 EXHIBIT A 

Employment Agreement 

NEUTRAL TANDEM, INC. 

EMPLOYMENT AGREEMENT 

This Employment Agreement (this “Agreement”) is entered into as of April 1, 2011, by and between G.
Edward Evans (the “Executive”), and Neutral Tandem, Inc., a Delaware corporation (the “Company”). 

WHEREAS, the Company desires to employ the Executive and the Executive is willing to accept such employment upon the terms and
conditions set forth herein. 
 NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties
agree as follows: 
  

	 	1.	Employment by the Company. 

 1.1 Effective Date. The effective date of
this Agreement shall be April 1, 2011 (the “Effective Date”) and this Agreement shall have an initial term of four (4) years unless terminated sooner pursuant to Section 5. At the expiration of the initial term
and each anniversary thereof, the term of this Agreement shall automatically renew for an additional period of one year unless either party provides written notice (a “Notice of Non-Renewal”) to the other of its or his intent
not to renew this Agreement at least thirty (30) days prior to the end of the initial term or any renewal term. 
 1.2 Position.
Subject to terms set forth herein, the Company agrees to employ Executive in the position of Chief Executive Officer and Executive hereby accepts such position. During the term of his employment with the Company, Executive will devote his best
efforts and all of his business time and attention (except for vacation periods as set forth herein, reasonable periods of illness or other incapacities permitted by the Company’s general employment policies) to the business of the Company.

 1.3 Duties. Executive shall perform such duties as are customarily associated with his then current title and as assigned to the
Executive by the Company’s Board of Directors (the “Board”). The Board has the right to assign and change the Executive’s duties at any time, provided, however, that certain assignments and changes in
Executive’s duties hereunder may trigger certain rights and remedies of Executive as set forth elsewhere herein. At the request of the Board and subject to the limitations of applicable law, the Executive shall serve as a member of the Board
and any subsidiary of the Company without compensation other than that provided in this Agreement. 
 1.4 Other Employment Policies.
The employment relationship between the parties shall also be governed by the general employment policies and practices of the Company, 







 
including those relating to protection of confidential information and assignment of inventions, except that when the terms of this Agreement differ from or are in conflict with the
Company’s general employment policies or practices, this Agreement shall control. 
  

	 	2.	Compensation. 

 2.1 Salary. Executive shall receive for all services
rendered under this Agreement an annualized base salary of $495,000, subject to federal and state withholding requirements, payable in accordance with the Company’s usual payroll practices. Such salary shall be adjusted no less than annually at
the discretion of the Compensation Committee of the Board, but in no event will the base salary be reduced. 
 2.2 Bonus. The
Executive will be eligible to receive an annual bonus in respect of each calendar year during the term of this Agreement in the form of a cash payment of forty (40%) of Executive’s base salary in the applicable calendar year (or such
greater percentage as the Board may determine). Any bonus will be based on the extent to which Executive achieves performance goals to be established by the Board from time to time in consultation with the Executive. The Company will pay
Executive’s bonus, if any, no later than March 15 in the calendar year following the calendar year to which the bonus relates. No bonus shall be deemed to have been earned by Executive for any calendar year in which the Executive is not
actively employed as of December 31 of the calendar year to which the bonus relates. 
 2.3 Benefits. Executive shall be
eligible to participate in all benefits plans and programs that the Company may offer to its employees generally from time to time, under the terms and conditions of such plans or programs. Executive shall be entitled to four weeks paid vacation, to
be earned and used in accordance with the Company’s policy or practice. 
  

	 	3.	Expense Reimbursements; Perquisites. 

 (a) During the term of this
Agreement, the Company will provide Executive with a laptop computer, which shall be returned promptly by the Executive to the Company upon termination of his employment. 

(b) The Company will reimburse Executive for reasonable and customary business expenses, including monthly cell phone/PDA charges, in
accordance with the Company’s standard reimbursement policies in effect from time to time. 
 (c) Upon presentation of
reasonable substantiation and documentation as the Company may specify from time to time, the Company shall reimburse Executive for one roundtrip, economy class commercial airline ticket per week for use by Executive to travel between Oklahoma City,
Oklahoma and Chicago, Illinois during the term of this Agreement. 
 (d) During the term of this Agreement, the Company shall
provide a suitable and reasonable apartment in Chicago, Illinois for Executive’s use while Executive is performing services for the Company at its offices in Chicago, Illinois. Executive will be responsible for furnishing the apartment. 








	 	4.	Employee Obligations. 

 4.1 Proprietary Information and Inventions
Agreement. Executive agrees to abide by the terms and conditions of the Proprietary Information and Inventions Agreement executed by the Executive on even date herewith. 

4.2 Non-Competition Obligations. 

(a) Executive and the Company acknowledge that (i) the Company has developed and will continue to develop goodwill, going concern
value, customer and client relationships and confidential information that are valuable property rights of the Company and that Executive will have access to and knowledge concerning such rights, which if used other than for the benefit of the
Company could significantly injure the Company; and (ii) the Company is engaged in the operation of telecommunication hubs and switching systems, transmission and switching of voice, data, audio, video and information via telephone, wireless
and cable networks, and IP peering (the “Business”). Accordingly, and in consideration of the mutual promises contained herein, Executive covenants that, during the period commencing on the Effective Date and terminating on
the first anniversary of the Executive’s termination of employment (the “Restrictive Period”), he shall not, without the prior written consent of the Company, directly or indirectly, in his individual capacity or on
behalf of any other individual, partnership, corporation, limited liability company or any other entity (collectively “Person”), Compete with the Company or any of its respective successors or assigns. 

(b) For purposes of this Agreement, “Compete” shall mean: (i) to engage in business activities identical
or substantially similar to the Business as engaged in by the Company, or any entity controlling, under common control or controlled by the Company (collectively, the “Neutral Tandem Group”), at any time during the one
(1)-year period preceding the date of termination of Executive’s employment (a “Competitive Business”) hereunder within the geographic limits of those standard metropolitan statistical areas in the United States within
which the Neutral Tandem Group has engaged in the Business during the one (1)-year period preceding the date of termination of Executive’s employment or within which the Company contemplates engaging in or has developed plans to engage in
(based on its then-current business plan, operating plan, or similar document) the Business during the one (1)-year period following the date of termination of Executive’s employment (the “Territory”); (ii) to
assist any Person (whether in a financial, managerial, employment, advisory or other capacity or as a stockholder or owner, or by the provision of information) to engage in a Competitive Business within the Territory; or (iii) to own any
interest in or to organize a corporation, partnership or other business or organization which engages in a Competing Business within the Territory. Notwithstanding the foregoing, Executive’s ownership of or investment in an otherwise Competing
Business shall not be a violation of Section 4.2 if (a) the stock of such business is publicly traded, (b) Executive’s equity interest in such business does not exceed five percent (5%) of the aggregate outstanding equity
interests of such business, and (c) Executive does not otherwise participate in the management or operational affairs of such business, including as an advisor or consultant or in any other capacity. 

(c) Executive acknowledges and agrees that the covenants contained in this Section 4.2 are reasonable in scope, geographic
application and duration, in view of the benefits to the Executive hereunder, and that the provisions of this Section 4.2 are both necessary and reasonable for the protection of the Company. 








	 	5.	Termination Of Employment. 

 5.1 General. Executive’s employment by
the Company may be terminated by the Company or the Executive at any time, with or without Cause (as defined below). Upon termination of Executive’s employment, the Company’s obligations to pay Executive’s compensation shall be
limited as provided in Sections 5.2 and 5.3 below. 
 5.2 Termination Without Cause, Etc. If Executive’s employment hereunder
is terminated: 
 (a) by the Company without Cause; 

(b) by the Executive for Good Reason (as defined below); 

(c) by the Executive for any reason after the Company’s delivery of a Notice of Non-Renewal; 

(d) within twelve (12) months following a Change of Control (as defined below), (A) by the Company without Cause or
(B) by Executive for Good Reason or for any reason after the Company’s delivery of a Notice of Non-Renewal; or 
 (e)
within twelve (12) months following a Change of Control (as defined below), by Executive without Good Reason; 
 then the Company will pay
Executive subject to his compliance with the agreements referred to or set forth in Section 4: 
 (i) any unpaid base salary
through the date of termination, and any accrued vacation pay and any accrued and vested benefits under the Company’s employee benefit plans in accordance with the terms thereof; and 

(ii) severance pay equal to twelve (12) months’ base salary at the salary rate in effect on the date of termination;
provided, however, that in the case of a termination pursuant to Section 5.2(d) only, such severance pay shall be equal to twenty-four (24) months’ base salary at the rate in effect on the date of termination; 

Subject to the provisions of Section 6.10(b), any severance payable pursuant to this Section 5.2 shall be paid in equal installments in accordance
with the Company’s payroll payment schedule in effect on the date Executive’s employment terminates, provided that any such payment that would (absent this proviso) be made less than sixty (60) days after the date Executive’s
employment terminates shall instead be paid on the sixtieth (60th) day after the date Executive’s employment terminates. It is a condition precedent to the Company’s obligation to make any severance payments to Executive pursuant to
this Section 5.2 that Executive executes a general release, in form and substance acceptable to the Board, in favor of the Company, the members of 







 
the Board and its other affiliates releasing all claims arising out of Executive’s employment and his termination of employment, and that such release shall be executed (and no longer
subject to revocation, if applicable) within sixty (60) days following the date Executive’s employment terminates. 
 5.3
Other Termination Events. In the event that Executive dies, becomes Disabled (as defined below), or Executive’s employment terminates or is terminated for any other reason other than as described in Section 5.2(a) through 5.2(e), the
Company will only be obligated to pay Executive (a) any unpaid base salary through the date of termination, (b) any unused vacation accrued through the date of termination and any accrued and vested benefits under the Company’s
employee benefit plans in accordance with the terms thereof, and (c) any unreimbursed business expenses. 
 5.4 Remedies for
Engaging in Transaction Activity. Notwithstanding anything contained in the Company’s Amended and Restated 2007 Equity Incentive Plan or any applicable Company equity award agreement to the contrary, in the event that Executive engages in
any Transaction Activity (as defined in Section 5.5(a) hereof) during the term of Executive’s employment or service with the Company, (a) all outstanding Company equity awards then held by Executive (whether vested or unvested) shall
be immediately forfeited and returned to the Company without additional consideration, (b) all shares of common stock of the Company acquired by Executive upon the vesting and/or exercise of any such Company equity awards within the three
(3) month period prior to the date of such Transaction Activity shall be immediately forfeited and returned to the Company without additional consideration, and (c) to the extent that Executive received any profit from the sale of any
shares of common stock of the Company underlying any such Company equity award within the three (3) month period prior to the date of such Transaction Activity, Executive shall promptly repay to the Company any profit received pursuant to such
sale. 
 5.5 Certain Definitions. For purposes of this Agreement: 

(a) The term “Cause” shall mean any of the following: (i) Executive’s willful misconduct in the
performance of his duties for the Company, or Executive’s willful failure to abide by or comply with any legal policy or directive of the Board, (ii) conviction of or plea of guilty or any other plea other than “not guilty” to a
felony, or any crime involving dishonesty or moral turpitude; (iii) the violation by Executive of any material provision of this Agreement which either is not cured within ten (10) days after written notice is given to Executive by the
Company or constitutes a habitual breach; or (iv) Executive’s dishonesty, misappropriation or fraud with regard to the business or affairs of the Company or its affiliates. For the avoidance of doubt, “Cause” includes any
activity by Executive designed to consummate any independently sponsored (whether through a private equity firm sponsor or otherwise), management buyout or other merger, consolidation or sale transaction involving the Company without the express
written consent of the Board (“Transaction Activity”). 
 (b) The term “Change of
Control” of the Company shall mean any transaction or series of related transactions whether by consolidation, merger, sale or issuance of equity securities, or sale or transfer of all or substantially all of the Company’s assets,
or otherwise, in which any one person, or more than one person acting as a group, (i) acquires ownership of 







 
stock of the Company that, together with stock held by such person or group, constitutes more than 50 percent of the total fair market value or total voting power of the stock of the Company or
(ii) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to or more than forty
(40) percent of the total gross fair market value of all of the assets of the Company immediately before such acquisition or acquisitions (excluding any asset transferred to (A) a shareholder of the Company (immediately before the asset
transfer) in exchange for or with respect to its stock, (B) an entity, fifty (50) percent or more of the total value or voting power of which is owned, directly or indirectly, by the Company, (C) a person, or more than one person
acting as a group, that owns, directly or indirectly, fifty (50) percent or more of the total value or voting power of all the outstanding stock of the Company, or (D) an entity, at least 50 percent of the total value or voting power of
which is owned, directly or indirectly, by a person described in clause (ii)(C) of this definition. This definition is intended to comply with the definitions of “change in ownership” of a corporation and “change in ownership of a
substantial portion of the assets” of a corporation set forth in the Treasury Regulations issued under section 409A(a)(2)(A)(v) of the Internal Revenue Code and shall be interpreted in a manner consistent with such intention. 

(c) The term “Disability” shall mean Executive is prevented, by illness, accident, disability or any other
physical or mental condition (to be determined by means of a written opinion of a competent medical doctor chosen by mutual agreement of the Company and Executive or Executive’s personal representative(s)) from substantially performing
Executive’s duties and responsibilities hereunder for one (1) or more periods totaling ninety (90) days in any twelve (12)-month period. 

(d) The term “Good Reason” shall mean without Executive’s written consent: (i) a material adverse
change in Executive’s title or the duties assigned to Executive or (ii) any material failure by the Company to comply with its obligations under this Agreement, but in each such case only if Executive has provided notice to the Company of
the existence of the condition described in clause (i) or (ii) of this definition within ninety (90) days following the initial existence of the condition, and the Company has not remedied such condition within thirty (30) days
after receiving such notice. 
  

	 	6.	General Provisions. 

 6.1 Notices. Any notices provided hereunder must be
in writing and shall be deemed effective upon the earlier of delivery, if by hand or by facsimile (with confirmed receipt), one (1) business day after deposit with a reputable overnight courier service, or three (3) business days after
mailing by first class mail, to the Company at its primary office location and to Executive at his address as listed on the Company payroll. 

6.2 Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any
other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provisions had never been contained herein. 







 6.3 Waiver. If either party should waive any breach of any provisions of this Agreement,
he or it shall not thereby be deemed to have waived any preceding or succeeding breach of the same or any other provision of this Agreement. 

6.4 Complete Agreement. This Agreement constitutes the entire agreement between Executive and the Company with respect to the subject
matter contained herein. This Agreement supersedes any and all prior oral discussions or written communications and agreements between Executive and the Company. This Agreement is entered into without reliance on any promise or representation other
than those expressly contained herein, and it cannot be modified or amended except in writing signed by an authorized officer of the Company and Executive. 

6.5 Counterparts. This Agreement may be executed in separate counterparts, any one of which need not contain signatures of more than
one party, but all of which taken together will constitute one and the same Agreement. 
 6.6 Headings. The headings of the sections
hereof are inserted for convenience only and shall not be deemed to constitute a part hereof nor to affect the meaning thereof. 
 6.7
Successors and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by Executive and the Company, and their respective successors, assigns, heirs, executors and administrators, except that Executive may not
assign any of his duties hereunder and he may not assign any of his rights hereunder without the written consent of the Company, which shall not be withheld unreasonably. 

6.8 Attorney Fees. Each of the Company and Executive shall be responsible for their own respective costs and expenses (including,
without limitation, attorneys’ fees and costs) in connection with any action brought by any party to enforce its rights hereunder or any other legal action involving this Agreement or any party’s performance hereunder. 

6.9 Choice of Law. All questions concerning the construction, validity and interpretation of this Agreement will be governed by the
law of the internal, substantive laws of the State of Delaware, without reference to the conflict of laws provisions thereof. Executive expressly consents to the jurisdiction of the state and federal courts of Cook County, Illinois, for all actions
arising out of or relating to this Agreement. 
 6.10 Section 409A Compliance. 

(a) It is the intention of the parties that no payment or entitlement pursuant to this Agreement will give rise to any adverse tax
consequences to any person pursuant to Internal Revenue Code Section 409A. This Agreement shall be interpreted to that end, and no effect shall be given to any provision herein in a manner that reasonably could be expected to give rise to
adverse tax consequences under said 409A. Should either party determine that there is a reasonable possibility that the text of this Agreement could give rise to such adverse tax consequences, the parties agree to negotiate in good faith to amend
the Agreement to obviate the possibility of such consequences. 







 (b) If at any time, the Company or any successor obligated to make any payment hereunder
(the “Employer”) has a class of stock that is publicly traded on an established securities market or otherwise, then the Employer shall from time to time compile a list of “Specified Employees” as defined in and
pursuant to, section 1.409A-1(i) of the Treasury Regulations or any successor regulation. Notwithstanding any other provision of this Agreement, if the Executive is a Specified Employee on the date of termination of his employment within the meaning
of section 1.409A-1(h)(1)(ii) of the Treasury Regulations or any successor regulation (his “Termination of Employment”), no payment of compensation shall be made to the Executive under any provision of this Agreement
(including Section 5.2) during the period ending six (6) months from the date of his Termination of Employment unless the Employer determines that there is no reasonable basis for believing that making such payment would cause the
Executive to suffer any adverse tax consequences pursuant to Section 409A of the Internal Revenue Code. If any payment to the Executive is delayed pursuant to the provisions of this Section 6.10(b), such payment instead shall be made on
the first (1st) business day following the expiration of the six (6)-month period referred to herein, together with a compensatory amount in the nature of interest computed at the “Prime
Rate” as of the date of Termination of Employment (as reported in The Wall Street Journal) plus two percent (2%). For purposes of Section 409A of the Internal Revenue Code, Executive’s right to receive any installment payments
pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. 
  

	 	7.	Former Employment. 

 7.1 No Conflict with Existing Obligations.
Executive represents that his performance of all the terms of this Agreement and as an employee of the Company does not and will not breach any agreement or obligation of any kind made prior to his employment by the Company, including agreements or
obligations he may have with prior employers or entities for which he has provided services. Executive has not entered into, and agrees he will not enter into, any agreement or obligation either written or oral in conflict herewith. 

[Signatures on Next Page] 







 IN WITNESS WHEREOF, the parties have executed this Employment Agreement on the day
and year first above written. 
  

			
	NEUTRAL TANDEM, INC.
		
	By:		 /s/ Robert M. Junkroski

	Name:		Robert M. Junkroski
	Title:		Chief Financial Officer


  

	
	Accepted and Agreed:
	
	 /s/ G. Edward Evans

	G. Edward Evans








 FIRST AMENDMENT TO 

EMPLOYMENT AGREEMENT 
 This First Amendment to
Employment Agreement (“First Amendment”) is made by and between Neutral Tandem, Inc. d/b/a Inteliquent (the “Company”) and G. Edward Evans (the “Executive”). This First Amendment is made as of
March 26, 2013. 
 BACKGROUND 

A. The Company and Executive entered into an Employment Agreement dated April 1, 2011 (collectively, the “Agreement”). 

B. The parties wish to amend the Agreement to reflect the following change. 

THE AGREEMENT 
 The parties agree
as follows: 
 1. Definitions. All capitalized terms not defined in this First Amendment have the same meanings given to those terms
in the Agreement. 
 2. Section 2.2. Section 2.2 of the Agreement is hereby deleted in its entirety and replaced with the
following: 
  

	 	2.2	Bonus. The Executive will be eligible to receive an annual bonus in respect of each calendar year during the term of this Agreement in the form of a cash payment of fifty (50%) of Executive’s base
salary in the applicable calendar year (or such greater percentage as the Board may determine). Any bonus will be based on the extent to which Executive achieves performance goals to be established by the Board from time to time in consultation with
the Executive. The Company will pay Executive’s bonus, if any, no later than March 15 in the calendar year following the calendar year to which the bonus relates. No bonus shall be deemed to have been earned by Executive for any calendar
year in which the Executive is not actively employed as of December 31 of the calendar year to which the bonus relates. 


3. Section References. Section titles used in this First Amendment have no substantive meaning and are not a part of the parties’
agreement. 
 4. Successors and Assigns. This First Amendment is binding upon and inures to the benefit of the successors and
permitted assigns of the parties. 
 5. Entire Agreement. Except as expressly modified by this First Amendment, the Agreement is and
will remain in full force and effect in accordance with its terms and constitutes the legal and binding obligations of the Company and Executive. This First Amendment, including the Agreement, is the complete agreement of the parties and supersedes
any prior agreements or representations, whether oral or written, with respect to the subject matter of this First Amendment 







 The Company and Executive have executed this First Amendment as of the date first set forth
above. 
  

									
	Neutral Tandem, Inc. d/b/a Inteliquent				G. Edward Evans
					
	By:		 /s/ Richard L. Monto
				By:		 /s/ G. Edward Evans

	Name:		Richard L. Monto						
	Title:		General Counsel and Secretary						








 SECOND AMENDMENT TO 

EMPLOYMENT AGREEMENT 
 This Second Amendment to
Employment Agreement (“Second Amendment”) is made by and between Inteliquent, Inc. (f/k/a Neutral Tandem, Inc. and referred to herein as the “Company”) and G. Edward Evans (the “Executive”). This
Second Amendment is made as of May 8, 2014. 
 BACKGROUND 

A. The Company and Executive entered into an Employment Agreement dated April 1, 2011 (as amended, the “Agreement”). 

B. The parties wish to amend the Agreement to reflect the following change. 

THE AGREEMENT 
 The parties agree
as follows: 
 1. Definitions. All capitalized terms not defined in this Second Amendment have the same meanings given to those terms
in the Agreement. 
 2. Section 2.2. Section 2.2 of the Agreement is hereby deleted in its entirety and replaced with the
following: 
  

	 	2.2	Bonus. The Executive will be eligible to receive an annual bonus in respect of each calendar year during the term of this Agreement in the form of a cash payment of 75% of Executive’s base salary in the
applicable calendar year (or such greater percentage as the Board may determine). Any bonus will be based on the extent to which Executive achieves performance goals to be established by the Board from time to time in consultation with the
Executive. The Company will pay Executive’s bonus, if any, no later than March 15 in the calendar year following the calendar year to which the bonus relates. No bonus shall be deemed to have been earned by Executive for any calendar year
in which the Executive is not actively employed as of December 31 of the calendar year to which the bonus relates. 

 3.
Section References. Section titles used in this Second Amendment have no substantive meaning and are not a part of the parties’ agreement. 

4. Successors and Assigns. This Second Amendment is binding upon and inures to the benefit of the successors and permitted assigns of
the parties. 
 5. Entire Agreement. Except as expressly modified by this Second Amendment, the Agreement is and will remain in full
force and effect in accordance with its terms and constitutes the legal and binding obligations of the Company and Executive. This Second Amendment, including the Agreement, is the complete agreement of the parties and supersedes any prior
agreements or representations, whether oral or written, with respect to the subject matter of this Second Amendment 







 The Company and Executive have executed this Second Amendment as of the date first set forth
above. 
  

									
	Inteliquent, Inc.				G. Edward Evans
					
	By:		 /s/ Richard L. Monto
				By:		 /s/ G. Edward Evans

	Name:		Richard L. Monto						
	Title:		General Counsel and Secretary						








 EXHIBIT B 

List of Outstanding Equity Award Agreements 

1. Non-Qualified Stock Option Award Agreement by and between G. Edward Evans and Neutral Tandem, Inc. (d/b/a Inteliquent, Inc.), dated as of April 1,
2011 
 2. Restricted Stock Grant Agreement by and between G. Edward Evans and Neutral Tandem, Inc. (d/b/a Inteliquent, Inc.), dated as of April 1,
2011 
 3. Non-Qualified Stock Option Award Agreement by and between G. Edward Evans and Neutral Tandem, Inc. (d/b/a Inteliquent, Inc.), dated as of
March 15, 2013 
 4. Restricted Stock Grant Agreement by and between G. Edward Evans and Neutral Tandem, Inc. (d/b/a Inteliquent, Inc.), dated as of
March 15, 2013.