Document:

Supervisory Prompt Correction Action Directive

 Exhibit 10.14 
 FEDERAL DEPOSIT INSURANCE CORPORATION 
 WASHINGTON, D.C. 
 In the Matter of 
 FIRST STATE BANK 
 SARASOTA, FLORIDA

 (INSURED STATE NONMEMBER BANK) 
 SUPERVISORY PROMPT CORRECTIVE
ACTION DIRECTIVE 
 FDIC-2009-333-PCAS 
 The FEDERAL DEPOSIT
INSURANCE CORPORATION (“FDIC”) having determined that FIRST STATE BANK, SARASOTA, FLORIDA (“Bank”), is a Critically Undercapitalized insured depository institution as that term is defined in section 38(b)(1)(E) of the Federal
Deposit Insurance Act (“Act”), 12 U.S.C. §1831o(b)(1)(E), and section 325.103(a)(5) of the FDIC Rules and Regulations, 12 C.F.R. §325.103(a)(5), based upon the FDIC Examination of the Bank as of March 31, 2009, the ratio of
tangible equity to total assets is not higher than 1.59%, and having determined that to carry out the purposes of section 38 of the Act, 12 U.S.C. §1831o, it is necessary to issue this SUPERVISORY PROMPT CORRECTIVE ACTION DIRECTIVE
(“DIRECTIVE”) without a NOTICE OF INTENT TO ISSUE A SUPERVISORY PROMPT CORRECTIVE ACTION DIRECTIVE detailing the actions which will be required to be taken by the Bank and/or proscriptions which will be imposed on the Bank pursuant to
section 38 of the Act, 12 U.S.C. §18310, and section 308.201(a) of the FDIC’s Rules of Practice and Procedure, 12 C.F.R. §308.201(a), the FDIC hereby issues this DIRECTIVE pursuant to section 38 of the Act, 12 U.S.C. §1831o, and
section 308.201(a)(2) of the FDIC’s Rules of Practice and Procedure, 12 C.F.R. §308.201(a)(2). 
 SUPERVISORY PROMPT CORRECTIVE ACTION DIRECTIVE

 1. IT IS HEREBY DIRECTED, 
 (a) That
within 90 days of the effective date of this DIRECTIVE, the Bank shall increase the volume of capital to a level sufficient to restore the Bank to a total risk-based capital ratio of 10.0% and a leverage capital ratio of 8.0%. 
 (b) Any increase in tier 1 capital necessary to meet the requirements of this DIRECTIVE may be accomplished by the following: 
 (i) the sale of common stock; or 
 (ii) the
sale of noncumulative perpetual preferred stock; or 
 (iii) the direct contribution of cash by the board of directors and/or shareholders of
the Bank; or 
 (iv) any other means acceptable to the Regional Director of the Atlanta Office (“Regional Director”) of the FDIC,
or 
 (v) any combination of the above means. 
 (c) Any increase in tier 1 capital necessary to meet the requirements of this DIRECTIVE may not be accomplished through a deduction from the Bank’s allowance for loan and lease losses. 
 2. IT IS FURTHER DIRECTED, 
 (a) If all
or part of the increase in tier 1 capital required under this DIRECTIVE involves an offering, other than an offering deemed not to be a public securities offering, pursuant to 17 C.F.R. §230.506 or as hereafter amended, of the Bank’s
securities (including a distribution limited only to the Bank’s existing shareholder), the Bank shall prepare detailed offering materials fully describing the securities being offered, including an accurate description of the financial
condition of the Bank and of this DIRECTIVE as well as the circumstances giving rise to the offering, and any other material disclosures necessary to comply with the Federal securities laws. Prior to the sale of the securities, and, in any event,
not less than 20 days prior to the dissemination of such materials, the materials used in the sale of the securities shall be submitted to the FDIC, Accounting and Securities Disclosure Section, 550 17th Street, N.W., Washington, D.C. 20429, for review. Any changes requested in the materials by the FDIC shall be made
prior to their dissemination. In addition, any terms and conditions of the issue of new securities shall be submitted to the Regional Director for prior approval. 

 (b) In complying with the provisions of this DIRECTIVE, the Bank shall provide to any subscriber and/or
purchaser of Bank stock, written notice of any planned or existing development or other change which is materially different used in connection with the sale of Bank securities. The written notice required by this paragraph shall be furnished within
10 days from the date such material development or change was planned or occurred; whichever is earlier, to every purchaser and/or subscriber of Bank stock who received or was tendered the information contained in the Bank’s original offering
materials. 
 (c) For purposes of this DIRECTIVE, the terms “leverage ratio”, “tier 1 capital”, and “total
assets” shall have the same meanings as in section 325.4(m), (v), and (x), 12 C.F.R. §325.2(m), (v), and (x). 
 3. IT IS FURTHER DIRECTED, that in
the event the Bank does not increase its tier 1 capital in accordance with the requirements of paragraph 1 of this DIRECTIVE, pursuant to section 38(e)(2) of the Act, 12 U.S.C. §1831o(e)(2), the Bank shall immediately take any necessary action
to result in the Bank’s: (i) acquisition by another depository institution holding company or (ii) merger with another depository institution. 
 4. IT IS FURTHER DIRECTED, that within 14 days of the receipt of this DIRECTIVE, the Bank shall submit an acceptable capital restoration plan to the Regional Director. The Bank’s capital restoration plan shall meet the requirements of
12 C.F.R. §325.104 and expressly provide, among other things, that at a minimum the Bank shall restore and maintain its capital to the levels identified in Paragraph 1. 
 5. IT IS FURTHER DIRECTED, that the Bank shall comply with all prompt corrective action provisions mandated by section 38 of the Act, 12 U.S.C. §1831o, including but not limited to the following: 
 (a) restrictions on capital distributions pursuant to section 38(d)(1) of the Act, 12 U.S.C. 1831o(d)(1); 
 (b) restrictions on payment of management fees pursuant to section 38(d)(2) of the Act, 12 U.S.C. §1831o(d)(2); 
 (c) restrictions on asset growth pursuant to section 38(e)(3) of the Act, 12 U.S.C. §1831o(e)(3); 
 (d) obtaining requisite prior approval by the FDIC, pursuant to section 38 of the Act, 12 U.S.C. §1831o, before the Bank directly or indirectly;

 (i) enters into any material transaction other than in the usual course of business, including any investment, expansion, acquisition,
sale of assets, or other similar action with respect to which the Bank is required to provide notice to the appropriate Federal banking agency; 
 (ii) acquires any interest in any company or insured depository institution; 
 (iii) establishes or acquires any additional branch
office; or 
 (iv) engages in any new line of business; 
 (v) extends credit for any highly leveraged transaction; 
 (vi) amends the Bank’s charter or bylaws,
except to the extent necessary to carry out any other requirement of any law, regulation, or order; 
 (vii) engaging in any “covered
transaction” and defined by 12 C.F.R. §371c(b). 
 (vii) makes any material change in the Bank’s accounting methods;

 (viii) pays excessive compensation or bonuses; or 
 (ix) makes any principal or interest payment on subordinated debt beginning 60 days after becoming critically undercapitalized. 
 6. IT IS FURTHER DIRECTED that: 
 (a) Pursuant to 12 C.F.R. §337.6(b), during the period this DIRECTIVE is in effect, the Bank
shall not solicit or accept any deposits at any interest rate which provides an effective yield that exceeds by more than 75 basis points the prevailing effective yields on deposits of comparable amounts and maturities: 
 (i) in the Bank’s normal market area; or 
 (ii) in the market area in which such deposits are solicited or accepted. 
 (b) The requirement in paragraph 6(a) of this
DIRECTIVE, which restricts interest rates on deposits, shall not apply to interest rates on deposits accepted before (and not renewed or renegotiated after) the effective date of this DIRECTIVE. 
 (c) For purposes of this DIRECTIVE, the terms “effective yield” and “market area” shall have the same meaning as in section
337.6(b)(4) of the FDIC Rules and Regulations, 12 C.F.R. §337.6(b)(4). 

 7. IT IS FURTHER DIRECTED that: 
 (a) upon the effective date of this DIRECTIVE, the Bank shall send to its shareholders a description of the DIRECTIVE (i) in
conjunction with the Bank’s next shareholder communication, and also (ii) in conjunction with its notice or proxy statement preceding the Bank’s next shareholder meeting. The description shall fully describe the DIRECTIVE in all
material respects. The description and any accompanying communication, statement, or notice shall be sent to the FDIC, Accounting and Securities Disclosure Section, 550 17th Street, N.W., Washington, D.C. 20429, for review at least 20 days prior to dissemination to shareholders. Any changes requested to
be made by the FDIC shall be made prior to dissemination of the description, communication, notice or statement. 
 8. IT IS FURTHER DIRECTED that this
DIRECTIVE shall become effective immediately upon its receipt by the Bank. 
 9. IT IS FURTHER DIRECTED that the provisions of this DIRECTIVE shall be
binding upon the Bank, its institution-affiliated parties, successors and assigns. 
 10. IT IS FURTHER DIRECTED that the provisions of this DIRECTIVE shall
remain effective and enforceable until the Bank has achieved a total risk-based capital ratio of 10% and a tier 1 leverage capital ratio of 8.0% on average for four consecutive calendar quarters, except to the extent that any provision has been
modified, terminated, suspended, or set aside by the FDIC. 
 11. IT IS FURTHER DIRECTED that, by the 15th day of the month following the effective date of the DIRECTIVE, and by the 15th day of every month thereafter, the Bank shall provide written reports to the Regional Director
specifically detailing the extent of the Bank’s compliance with the DIRECTIVE and further specifically detailing the required corrective actions being taken by the Bank to secure full compliance with the DIRECTIVE. 
 Pursuant to section 308.201(a)(2) of the FDIC’s Rules of Practice and Procedure, 12 C.F.R. §308.201(a)(2), the Bank may submit a written appeal of the
DIRECTIVE to the FDIC. Such an appeal must be received by the FDIC within 14 calendar days of the issuance of the DIRECTIVE. The appeal should include: 
  

	 	(a)	an explanation why the DIRECTIVE is not an appropriate exercise of discretion under section 38 of the Act, 12 U.S.C. §1831o; 

  

	 	(b)	any recommended modification of the DIRECTIVE; and 

  

	 	(c)	any other relevant information, mitigating circumstances, documentation, or other evidence in support of the position of the Bank regarding the DIRECTIVE. 

The appeal shall be filed with Doreen R. Eberley, Acting Regional Director (Supervision), Federal Deposit Insurance Corporation, Atlanta Regional Office, 10 Tenth
Street, Suite 800, Atlanta, Georgia 30309, with a copy to Andrea Fulton Toliver, Regional Counsel (Supervision), Federal Deposit Insurance Corporation, Atlanta Regional Office, 10 Tenth Street, Suite 800, Atlanta, Georgia 30309. The FDIC shall
consider any such appeal, if filed in a timely manner, within 60 days of receiving the appeal. While the appeal is pending, the DIRECTIVE shall remain in effect unless the FDIC, in its sole discretion, shall stay the effectiveness of the DIRECTIVE.

 Pursuant to delegated authority. 
  

	
	Dated this 9th day of July, 2009.
	
	 /s/ Doreen R. Eberley

	Dorreen R. Eberley
	Acting Regional Director
	Division of Supervision and Consumer ProtectionAmendment No. 1 to Distribution Agreement

 Exhibit 10.2 
 AMENDMENT NO. 1 TO DISTRIBUTION AGREEMENT 
 AMENDMENT NO. 1 dated as of July 24, 2009 (this
“Amendment”), is by and between Verizon Communications Inc., a Delaware corporation (“Verizon”) and New Communications Holdings Inc. (“Spinco”) to the Distribution Agreement, dated as of May 13, 2009 (the
“Distribution Agreement”) by and between Verizon and Spinco. Capitalized terms used but not defined herein shall have the meanings given to such terms in the Distribution Agreement, and all references to Articles and Sections herein are
references to Articles and Sections of the Distribution Agreement. 
 In consideration of the premises and the mutual promises herein made,
and in consideration of the agreements herein contained, the parties, intending to be legally bound hereby, agree as follows: 
 1.
Amendment to Section 1.1. The definition of “Contributing Companies” set forth in Section 1.1 of the Distribution Agreement is hereby amended to read in its entirety as follows: 
 “Contributing Companies” means Verizon North Inc., a Wisconsin corporation, Verizon Northwest Inc., a Washington corporation, Verizon
West Coast Inc., a California corporation, Contel of the South, Inc., a Georgia corporation, Verizon California Inc., a California corporation, Verizon South Inc., a Virginia corporation, Verizon West Virginia Inc., a West Virginia corporation,
Verizon Enterprise Solutions LLC, a Delaware limited liability company, Verizon Long Distance LLC, a Delaware limited liability company, Verizon Online LLC, a Delaware limited liability company, Verizon Credit Inc., a Delaware corporation, Verizon
Corporate Services Corp., a Delaware corporation, Verizon Business Financial Management Corporation, a Delaware corporation, Verizon Business Network Services Inc., a Delaware corporation, Verizon Network Integration Corp., a Delaware corporation,
Verizon Select Services Inc. a Delaware corporation and any other Subsidiary of Verizon that either provides 911 or E911 customer premise equipment sales, service or maintenance or employs Spinco Business Employees (as defined in the Merger
Agreement), in each case as of the Closing Date. 
 2. Amendment to Section 1.1. The definition of “POP Equipment”
shall be added to Section 1.1 of the Distribution Agreement to read in its entirety as follows: 
 “POP Equipment” has
the meaning set forth in the definition of “Spinco Assets” in subsection (i)(H). 
 3. Amendment to Section 1.1. The
definition of “Special Payment” set forth in Section 1.1 of the Distribution Agreement is hereby amended to read in its entirety as follows: 
 “Special Payment” means a payment made by Spinco to Verizon in an amount which shall not exceed the lesser of (i) (x) $3.333 billion minus (y) the amount of 

 Distribution Date Spinco Indebtedness, and (ii) Verizon’s estimate of its tax basis in Spinco, such amount to
be set forth in a certificate delivered pursuant to Section 7.18(g) of the Merger Agreement (as updated in accordance with such section). For purposes of this Agreement, reference to the tax basis in Spinco means the tax basis in Spinco
immediately prior to the Distribution, but without giving effect to the Special Payment. 
 4. Amendment to Section 1.1. The
definition of “Spinco Assets” set forth in Section 1.1 of the Distribution Agreement Subsections (i)(G), (VI) and (X) are hereby amended to read in their entirety as follows: 
 (G) (i) all existing fiber-to-the- premises (“FiOS”) network elements from and including the video hub office(s) (“VHO”) to the
end-user customers consisting primarily of elements of the VHO, trunks and other connecting facilities from the VHO to the serving offices, all connections from serving offices to end-user customers in the states of Indiana, Oregon and Washington
and customer premises equipment at FiOS subscriber locations in the states of Indiana, Oregon and Washington consisting primarily of set top boxes, broadband home routers, CableCards, remote controls and connector cables; and (ii) transmission
facilities (trunks and related equipment further described in new Section 1.1(j) of the Disclosure Letter to the Distribution Agreement as revised and amended on even date herewith) owned by ILEC Affiliates of Verizon between the (a) VHOs
and (b) related equipment owned by ILEC Affiliates of Verizon which related equipment, unless otherwise stated in Section 1.1(j) of the Disclosure Letter to the Distribution Agreement as revised and amended on even date herewith, is
located in Verizon Affiliate leased or owned points of presence (“POPs”), as such related equipment, VHOs, and POPs are further described in Section 1.1(j) of the Disclosure Letter to the Distribution Agreement as revised and amended
on even date herewith (“VHO/POP Transmission Equipment”). 
 (VI) Intentionally left blank. 
 (X) Intentionally left blank. 
 5.
Amendment to Section 1.1. The definition of “Spinco Assets” set forth in Section 1.1 of the Distribution Agreement Subsection (i) is hereby amended to include a new subparagraph H as follows: 
 (H) the POP equipment owned by Verizon Online LLC and located in Charleston and Clarksburg West Virginia used to deliver certain broadband Internet access services,
which equipment is of the type identified on Section 1.1(k) of the Disclosure Letter to the Distribution Agreement as revised and amended on even date herewith (“POP Equipment”). 
  

 2 

 6. Amendment to Section 1.1. The definition of “Spinco Business” set forth in
Section 1.1 of the Distribution Agreement Subsection (ii) is hereby amended to include a new subparagraph D prior to the proviso as follows: 
 (D) the provision by Verizon Select Services Inc., Verizon Network Integration Corp. and other Contributing Companies of sales, installation and maintenance of 911 and E911 customer premises equipment,

 7. Amendment to Section 1.1. The following subsections of the definition of “Spinco Business” set forth in
Section 1.1 of the Distribution Agreement are hereby amended, and in the cases of Subsection (M), (O) and (P) added, to read in their entirety as follows: 
 Subsection (i); 
 all of the incumbent local exchange carrier business activities and operations of Verizon
and its Affiliates in the Territory (consisting of local exchange service, “intraLATA” toll service, network access service, enhanced voice and data services, digital subscriber line (“DSL”) services, FiOS voice and video
services, wholesale services, operator services, directory assistance services, customer service to end users, and, in connection with any of the foregoing, repairs, billing and collections); and 
 Subsection (ii)(B), prior to the proviso; 
 the provision by Verizon Online LLC of dial-up and broadband Internet access services and related value-added services taken by broadband customers located in the Territory; 
 Subsection (C), following the proviso; 
 monitoring, installation, maintenance and repair of customer premises equipment (other than equipment related to 911 and E911 related services described above in this definition) and software, structured cabling, call center solutions and
professional and other services as provided by Verizon Network Integration Corp or Verizon Select Services Inc. 
 Subsection (H);

 consumer and small business customer premises equipment sales and services, other than the customer premises equipment described above in
subsection (i)(G) of Section 1.1 definition of “Spinco Assets”, and other than customer premises equipment sales, service and maintenance related to the 911 and E911 portions of the Spinco Business. 
 Subsection (M); 
 any former MCI business;

 Subsection (O); 
  

 3 

 Verizon Smart Phone service or One Phone service as provided generally by Verizon Online LLC; 

Subsection (P)
 any “interLATA”
non-ILEC switched or data services provided by Verizon Long Distance LLC and Verizon Enterprise Solutions LLC, which includes private line, asynchronous transfer mode (“ATM”), frame relay, Ethernet and dedicated access voice services (not
including Toll Free Services if Verizon exercises its right described in Subsection (iii) below) or any services that Verizon Long Distance LLC and Verizon Enterprise Solutions LLC provide through separate third party Agreements; or 

8. Amendment to Section 1.1. The definition of “Spinco Business” set forth in Section 1.1 of the Distribution Agreement is
hereby amended to include a new Subsection (iii) to read in its entirety as follows: 
 (iii) Verizon shall have the right (but not the
obligation), exercisable by written notice to the Company no less than 90 days prior to the Distribution Date, to add the following activity as part of the definition of the included “Spinco Business”: 
 The provision by Verizon Long Distance LLC or Verizon Enterprise Solutions LLC of terminating central office switched long distance services for small
business customers, switched by wire centers which are otherwise Spinco Assets (“Toll Free Services”) which service must be provided in conjunction with a toll free telephone number. 
 If Verizon exercises the above described right, the above provision will be deemed added to the definition of the include Spinco Business and,
simultaneously the definition of “Spinco Business” will be further revised to add a new Subsection (P-1), which shall read in its entirety as follows: 
 (P-1) Toll free long distance services, utilizing a 4-digit PIN number in conjunction with a shared Verizon Long Distance 800/888/877 number (commonly referred to as PTFS services). 
 9. Amendment to Section 1.1. The definition of “Territory” set forth in Section 1.1 of the Distribution Agreement is hereby
amended to read in its entirety as follows: 
 “Territory” means the local franchise area of the Contributing Companies in
the states of Arizona, Idaho, Illinois, Indiana, Michigan, Nevada, North Carolina, Ohio, Oregon, South Carolina, Washington, West Virginia and Wisconsin, the franchise areas of Verizon West Coast Inc. and the franchise areas in California served by
the following wire centers and the related microwave facilities described below: 
  

 4 

															
	 Base CLLI
	  	 Remote CLLI
	  	 Switch Type
	  	 Switch Name
	  	 AAIS Wire
Center
 Name
	  	 NPA
	  	 NXXs
	  	 Rate Center

	 BLYTCAXF92K
	  	                	  	DMS100	  	BLYTHE	  	BLYTHE	  	760	  	921, 922	  	Blythe
	 BLYTCAXF92K
	  	BLYTCABJRL0	  	ANODE	  	INTAKE & RIVERIA	  	BLYTHE	  	760	  	921, 922	  	Blythe
	 BLYTCAXF92K
	  	BLYTCAXHRL1	  	OPM	  	RIPLEY #4	  	BLYTHE	  	760	  	921, 922	  	Blythe
	 BLYTCAXF92K
	  	BLYTCABARL0	  	ANODE	  	FLORENCE & HOBSON	  	BLYTHE	  	760	  	921, 922	  	Blythe
	 BLYTCAXF92K
	  	BLYTCACRRL0	  	AFC-RSC	  	COLORADO RIVER UMC	  	BLYTHE	  	760	  	921, 922	  	Blythe
	 BLYTCAXF92K
	  	BLYTCAXGRS1	  	RSC	  	NORTH RIPLEY	  	BLYTHE	  	760	  	921, 922	  	Blythe
	 BLYTCAXF92K
	  	PLVRCAXFRS1	  	RSC	  	PALO VERDE	  	PALSVDE	  	760	  	854	  	Palo Verde
								
	 GRDVNVXADS0
	  	WDFRCAXFRS1	  	RSC	  	WOODSFORD-ALPINE	  	ALPINE	  	530	  	694	  	Alpine
	 GRDVNVXADS0
	  	PYVLCAAARL0	  	ANODE-UE	  	ST HWY 88 ANODE-UE	  	ALPINE	  	530	  	694	  	Alpine
	 GRDVNVXADS0
	  	WDFRCAAARL0	  	ANODE	  	MARKLEEVILLE	  	ALPINE	  	530	  	594	  	Alpine
	 GRDVNVXADS0
	  	CEVLCAXFRS6	  	RSC	  	COLEVILLE	  	COLEVLLE	  	530	  	495	  	Coleville
								
	 PRKRAZXCDS0
	  	BGRVCAXFRLO	  	AFC-LET	  	BIG RIVER LET	  	EARP	  	760	  	665	  	Earp
	 PRKRAZXCDS0
	  	HVSUCAXFRS1	  	RSLE	  	HAVASU LANDING	  	HAVASU	  	760	  	858	  	Havasu Lake
								
	 BKMTCAXFQ01
	  		  	MICROWAVE	  	BLACK METAL MOUNTAIN	  	PRDMAZXC	  		  		  	
	 BMMTCARSQ02
	  		  	MICROWAVE	  	BIG MARIA MOUNTAIN	  	BLYTCAXF	  		  		  	

 10. Amendment to Section 11.1. The definition of “Toll Free Services” shall
be added to section 1.1 of the Distribution Agreement to read in its entirety as follows: 
 “Toll Free Services” has the
meaning set forth in the definition of “Spinco Business” in subsection (iii). 
 11. Amendment to Section 1.1. The
definition of “Verizon Assets” set forth in Section 1.1 of the Distribution Agreement Subsection (i)(C) is hereby amended to read in its entirety as follows: 
  

	 	(C)	any Asset of the dial-up, broadband Internet access or LD portions of the Spinco Business, other than (1) any customer relationships (including related value-added services
customer relationships), (2) customer premises equipment at FiOS subscriber locations in the states of Indiana, Oregon and Washington consisting primarily of set top boxes, broadband home routers, CableCards, remote controls and connector
cables, (3) the POP Equipment, and (4) VHO/POP Transmission Equipment. 

  

 5 

 12. Amendment to Section 1.1. The definition of “VHO/POP Transmission Equipment”
shall be added to Section 1.1 of the Distribution Agreement to read in its entirety as follows: 
 “VHO/POP Transmission
Equipment” has the meaning set forth in the definition of “Spinco Assets” in subsection (i)(G). 
 13. Amendment to
Section 1.1(a) Disclosure Letter to the Distribution Agreement. Section 1.1(a) of the Disclosure Letter (“Retained Customer Accounts”) is hereby revised and amended as set forth in the Revised and Amended Section 1.1(a)
to the Disclosure Letter to the Distribution Agreement of even date herewith. 
 14. Confirmation of Distribution Agreement. Other
than as expressly modified pursuant to this Amendment, all provisions of the Distribution Agreement remain unmodified and in full force and effect. 
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the first date above written. 
  

									
	 	 	 VERIZON COMMUNICATIONS INC.
	 	 	 	 
					
		 	By:	 	 /s/    JOHN W. DIERCKSEN
	 		 	
					
		 	Name:	 	John W. Diercksen	 		 	
					
		 	Title:	 	Executive Vice President Strategy, Planning and Development	 		 	
			
		 	NEW COMMUNICATIONS HOLDINGS INC.	 	
					
		 	By:	 	 /s/    STEPHEN E. SMITH
	 		 	
					
		 	Name:	 	Stephen E. Smith	 		 	
					
		 	Title:	 	Vice President	 		 	

  

 6 

 CONSENT TO AMENDMENT OF DISTRIBUTION AGREEMENT 
 Frontier Communications Corporation, by its authorized representative hereby consents to Amendment No. 1 to Distribution Agreement and further agrees that the terms
of paragraph 3 hereof supersede any conflicting terms on the same subject matter in the Agreement and Plan of Merger and exhibits thereto (“Merger Agreement”). 
  

			
	By:	 	 /s/    DONALD R. SHASSIAN

		
	Name:	 	Donald R. Shassian
		
	Title:	 	 Executive Vice President and
 Chief Financial Officer

  

 7

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