Document:

Change in Control Plan

 Exhibit 10.1 
 FiberNet Telecom Group, Inc. 
 Change in Control Plan 
 This Change in Control Plan (the “Plan”) was approved and adopted by the Board of Directors of FiberNet (the “Board”) on
August 17, 2006 in order to specify certain benefits that will accrue to Qualified Employees in connection with a Change in Control. This Plan does not alter any aspect of the relationship between FiberNet and any employee or former employee
except as expressly provided by the Plan. Certain capitalized terms used in this Plan have the meanings ascribed thereto in Section 7. 
  

	1.	Compensation. 

 (a) If the employment of a Qualified
Employee is terminated without Cause or by the Qualified Employee for Good Reason at any time from and after a Change in Control Date until the first anniversary of that Change in Control Date, then (subject to the terms and conditions set forth in
this Plan’) such Qualified Employee shall be entitled to the following benefits (collectively, the “Benefits”): 
 (i)
FiberNet shall pay all Accrued Obligations to such Qualified Employee in a lump sum, less applicable payroll withholdings, within thirty days after such termination date (unless and to the extent FiberNet is required by law to provide any portion
thereof earlier); 
 (ii) FiberNet shall pay to such Qualified Employee an aggregate amount equal to (A) the Applicable Percentage
multiplied by his or her current base salary plus (B) the higher of (x) a pro-rated portion of the annual bonus paid to such Qualified Employee for the prior fiscal year, if any, as calculated based upon the number of months that have
elapsed in the current fiscal year, less applicable payroll withholdings (excluding salary reduction contributions under Sections 125 and 401(k) of the Code) or (y) a prorated portion of the annual bonus for the current year, determined at
target corporate and individual performance levels for such Qualified Employee, in each case within thirty days after such termination; and 
 (iii) FiberNet shall, upon receipt of the required forms from the Qualified Employee electing continued health care coverage, pay on behalf of the Qualified Employee, the premiums (less the Employee’s premium contributions, if any) for
the same or equivalent health care coverage (including any dental coverage) provided to such Qualified Employee and his or her family by FiberNet immediately prior to the Change in Control Date for the duration of the Designated Time Period.

 (b) Each Qualified Employee’s right to the receive the Benefits set forth in Sections 1(a)(ii) and (iii) above is contingent
upon the execution of a release agreement (in the form provided by FiberNet) within thirty days following the Qualified Employee’s final day of employment, which agreement will include, without limitation, release, confidentiality,
non-disparagement and non-solicitation provisions; provided, that any Qualified Employee aged 40 or older has not revoked the release. 

 (c) Notwithstanding anything in this Plan to the contrary, a Qualified Employee is not entitled to
receive any Benefits under Section 1(a) if the Qualified Employee’s employment is terminated by FiberNet for Cause, by the Qualified Employee without Good Reason or on account of the Qualified Employee’s retirement, death or
Disability (unless a Qualified Employee dies after qualifying for Benefits under Section 1(a) but prior to FiberNet’s making such Benefits available). 
 (d) If any Benefits paid or distributed to, or realized by, a Qualified Employee pursuant to this Plan, together with any other amounts or value otherwise paid or distributed to such Qualified Employee by FiberNet in
connection with the applicable Change in Control (e.g., the lapsing of transfer restrictions on FiberNet restricted stock) (collectively, the “280G Payments”), would be an “excess parachute payment” as defined in
Section 280G of the Internal Revenue Code of 1986 (as amended, the “Code”) and would thereby subject such Qualified Employee to the tax imposed under Section 4999 of the Code or any similar tax (the “Excise
Tax”), then: (i) for that Qualified Employee who holds the position of President, FiberNet agrees to make such Qualified Employee whole for any additional taxes or penalties applicable to such 280G Payments due to the Excise Tax by
making a gross-up payment to such Qualified Employee (the “Gross-Up Payment”), such that the total amount of 280G Payments, net of all applicable state, federal and local income taxes (including, without limitation, the Excise Tax),
actually received by the Qualified Employee is equal to those 280G Payments calculated as if only normally applicable state, federal and local income taxes, and not the Excise Tax, had applied; provided, the Gross-Up Payment shall include and
cover any state, federal and local taxes that are applicable to such Gross-Up Payment; and (ii) for those Qualified Employees who hold the position of Vice President or Senior Vice President, FiberNet shall pay to such Qualified Employee the
greater of (A) the total value of the 280G Payments payable if reduced to an amount that avoids the triggering of the Excise Tax or (B) the total value of the 280G Payments payable even if the Excise Tax is triggered, such that the total
amount of 280G Payments actually received by the Qualified Employee, net of all applicable taxes (including, without limitation, the Excise Tax), is maximized. For purposes of determining the Excise Tax and the Gross-Up Payment and making any other
calculations under this Section 1(d), the determinations of FiberNet’s outside auditing firm will be deemed conclusive and binding on FiberNet and all Qualified Employees. 
 2. Opt-Out. Notwithstanding anything in this Plan to the contrary, the Board and the Continuing Directors may determine that no Change in Control shall be deemed to have occurred if, within seven days of the
occurrence of the specified event that would otherwise constitute a Change in Control (the “Event”), the following conditions have been met: 
 (a) The Board and the Continuing Directors, each by a majority vote thereof, determine that the occurrence of the Event is not deemed to be a Change in Control hereunder or is not deemed to be a Change in Control with
respect to one or more specified Qualified Employees; and 
  

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 (b) Each Qualified Employee adversely affected by such action of the Board and Continuing Directors is
protected by a commitment of FiberNet (or the surviving entity after the Event) such that if, within two years following the Event, the Qualified Employee’s employment is terminated by such employer and the Qualified Employee would otherwise
qualify for the Benefits under Section 1(a), then such Qualified Employee’s rights in respect of the Benefits under this Plan will be no less favorable than if a Change in Control had occurred immediately prior to the Qualified
Employee’s termination. 
 3. Plan Administration. The administrator of the Plan (the “Administrator”) is the Compensation
Committee of the Board. Other than the authority expressly granted to the Board hereunder, the Administrator has sole authority to manage the operation of the Plan. All determinations and decisions made by the Administrator and the Board pursuant to
the provisions of the Plan will be final, conclusive and binding on all persons, including FiberNet and its employees. 
  

	4.	Amendments. 

 (a) The terms of this Plan may be
amended by action of the Board; provided, that if an amendment is materially adverse to the interests of any Qualified Employee, then such amendment may only be made without such Qualified Employee’s consent after the second anniversary
of the effective date of this Plan and with not less than three months’ written notice of such action delivered to the Qualified Employee. 
 (b) Notwithstanding the foregoing, the Administrator may correct any defect in this Plan in order to effectively implement the terms of this Plan. 
 (c) After a Change in Control occurs, the benefits accruing to any Qualified Employee under this Plan shall be irrevocable and may not be modified without the approval of such Qualified Employee. 
  

	5.	Claims.  

 (a) All claims by a Qualified
Employee for benefits under this Plan shall be in writing and directed to the Administrator. Any denial by the Administrator of a claim for benefits under this Plan shall be delivered to such Qualified Employee in writing and shall set forth the
specific reasons for the denial. 
 (b) If a dispute arises under the terms of this Plan, (i) the parties are required to have such
dispute resolved by arbitration in New York City in accordance with the Commercial Arbitration Rules of the American Arbitration Association, and (ii) the reasonable attorney’s fees and costs incurred by a Qualified Employee in connection
with the interpretation or enforcement of the rights of such Qualified Employee under the Plan shall be reimbursed; provided, that no such reimbursement shall be made if the Qualified Employee is determined to have asserted a claim in bad
faith. 
  

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	6.	Successors. 

 (a) FiberNet shall require that any
successor to all or substantially all of the business or assets of FiberNet (whether direct or indirect, by purchase, merger, consolidation or otherwise) expressly assumes this Plan. 
 (b) A Qualified Employee may not sell, transfer, pledge, assign or otherwise alienate or hypothecate any right granted under the Plan. 
 (c) Upon the dissolution or liquidation of FiberNet, all unpaid Benefits will terminate and become null and void. 
 7. Definitions. The following terms have the indicated meanings for purposes of this Plan: 
 “Accrued Obligations” means, with respect to a Qualified Employee, the sum of (a) such Qualified Employee’s base salary
earned through the date of termination of such Qualified Employee’s employment, (b) the amount of any bonus that relates to a period completed prior to such termination date and that was fully earned by such Qualified Employee as of such
termination date, and (c) any accrued but unused vacation pay. 
 “Affiliate” means a corporation which for
purposes of Section 424 of the Code, is a parent or subsidiary of FiberNet, direct or indirect. 
 “Applicable
Percentage” means 50% for each Vice President and Senior Vice President of the Company and 100% for the President of the Company. 
 “Cause” means termination of the Qualified Employee’s employment with FiberNet (or any Affiliate) because of: 
 (a) In the case where there is no employment or similar agreement in effect between the Qualified Employee and FiberNet (or any Affiliate) or where there is such an agreement but the agreement does not define “cause”: 

(i) the Qualified Employee’s dishonesty, theft or conviction of any crime or offense involving money or property of FiberNet (or any Affiliate),

 (ii) the Qualified Employee’s gross negligence, incompetence or willful misconduct in the performance of his or her duties,

 (iii) the Qualified Employee’s willful and continued failure or refusal to perform his or her duties (other than any such failure
resulting from a Disability), or 
 (iv) such other act or omission as determined by the Board in its reasonable discretion. 
 (b) In the case where there is an employment, change in control or similar agreement in effect between the Qualified Employee and FiberNet (or an
Affiliate) that defines “cause” (or similar words), such termination of employment is or would be deemed to be for “cause” as defined in such agreement. 
  

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 “Change in Control” means: 
 (a) FiberNet is merged, consolidated or reorganized into or with another corporation or other legal person (an “Acquirer”) and as a
result of such merger, consolidation or reorganization, less than 51% of the outstanding voting securities or other capital interests of the surviving, resulting or acquiring corporation or other legal person are owned in the aggregate by the
stockholders of FiberNet, directly or indirectly, immediately prior to such merger, consolidation or reorganization, other than by the Acquirer or any corporation or other legal person controlling, controlled by or under common control with the
Acquirer; 
 (b) FiberNet sells all or substantially all of its business and/or assets to an Acquirer, of which less than 51% of the
outstanding voting securities or other capital interests are owned in the aggregate by the stockholders of FiberNet, directly or indirectly, immediately prior to such sale, other than by any corporation or other legal person controlling, controlled
by or under common control with the Acquirer; 
 (c) There is a report filed on Schedule 13D or Schedule 14D (or any successor schedule form
or report), each as promulgated pursuant to the Exchange Act, disclosing that any person or group (as the terms “person” and “group” are used in Section 13(d) or Section 14(d) of the Exchange Act and the rules and
regulations promulgated thereunder) has become the beneficial owner (as the term “beneficial owner” is defined under Rule l3d- 3 or any successor rule or regulation promulgated under the Exchange Act) of 20% or more of the issued and
outstanding shares of voting securities of Company; 
 (d) During any period of two consecutive years, the Continuing Directors cease to
constitute at least a majority of the Board; or 
 (e) Any other event that the Board determines shall constitute a Change in Control for
purposes of the Plan. 
 “Change in Control Date” means the first date on which a Change in Control occurs. Anything
in this Plan to the contrary notwithstanding, if (a) a Change in Control occurs, (b) a Qualified Employee’s employment with FiberNet is terminated prior to the date on which the Change in Control occurs, and (c) such termination
of employment (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control or (ii) otherwise arose in connection with or in anticipation of a Change in Control, then for all purposes of
this Plan the “Change in Control Date” shall mean, with respect to such Qualified Employee, the day immediately preceding such termination date. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time, or any successor legislation thereto. 
 “Common Stock” means the common stock, $0.001 par value per share, of FiberNet. 
  

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 “Continuing Directors” means, during any two-year period, the Directors still in
office who either were Directors at the beginning of the two-year period or who were Directors elected to the Board and whose election or nomination was approved by a vote of at least two-thirds of the Directors then still in office who were
Directors at the beginning of the two-year period or whose election to the Board was previously so approved. 
 “Designated Time
Period” means six months for each Vice President and Senior Vice President of the Company and twelve months for the President of the Company. 
 “Disability” means, unless otherwise provided for in an employment, change of control or similar agreement in effect between the Qualified Employee and FiberNet or an Affiliate, the inability
of an employee to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death, or which has lasted or can be expected to last for a continuous period of not
less than twelve months, as determined by the Board, based upon medical evidence. 
 “Exchange Act” means the
Securities Exchange Act of 1934, as amended from time to time, or any successor act thereto. 
 “FiberNet” means
FiberNet Telecom Group, Inc. and any successor to its business or assets that assumes this Plan, by operation of law or otherwise. 
 “Good Reason” shall mean: 
 (a) In the case where there is no employment or similar agreement in effect
between the Qualified Employee and FiberNet (or any Affiliate) or where there is such an agreement but the agreement does not define “good reason” (or similar words): 
 (i) the assignment of the Qualified Employee of any duties which results in a material diminution in position, authority, compensation, duties or
responsibilities; or 
 (ii) the Qualified Employee as a condition to remaining employed is required to relocate his or her place of service
at least fifty miles from his or her current place of service. 
 (b) In the case where there is an employment, change in control or similar
agreement in effect between the Qualified Employee and FiberNet (or an Affiliate) that defines “good reason” (or similar words), such termination is or would be deemed to be for “good reason” (or similar words) as defined in such
agreement. 
 “Qualified Employee” means a person who is employed full-time by FiberNet on the Change in Control Date
in the position of Vice President, Senior Vice President or President. 
 8. General. To the extent not preempted by Federal law, the Plan shall be
construed in accordance with and governed by the laws of the State of Delaware. FiberNet may deduct or withhold, or require a Qualified Employee to remit to FiberNet, an amount sufficient to satisfy Federal, state, and local taxes, domestic or
foreign, required by law or regulation to be withheld 
  

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 with respect to any taxable event arising as a result of the Plan. This Plan sets forth the entire understanding of
FiberNet and its employees and fully supersedes any prior agreements or understandings between FiberNet and the Qualified Employees. 
 9. No Guarantee of
Any Tax Consequences and Section 409A of the Code. FiberNet, other than as specifically set forth in Section 1(d), makes no guarantee of any tax consequences regarding Benefits paid under this Plan including, without limitation, with
respect to Section 409A of the Code. If it is determined that the Benefits payable under the Plan are subject to Section 409A of the Code, FiberNet and the Qualified Employee may amend the Plan in accordance with Section 4 to cure any
aspect of the Plan that is not compliant with Section 409A of the Code. If a Qualified Employee is a “specified employee” as defined in Section 409A(a)(2)(b)(i) of the Code and a Benefit is subject to the same, based on the
reasonable opinion of outside counsel to FiberNet, such Benefit payment shall be subject to the six-month delay set forth therein. For purposes of clarification, the Plan shall be interpreted in a manner which is consistent with avoiding the
application of Section 409A of the Code and any adverse tax treatment under Section 409A of the Code. 
 10. Execution. To record the
adoption of the Plan as set forth herein, effective as of August 17, 2006, the Company has caused its duly authorized officer to execute this Plan document. 
  

					
		 	By:	 	  

		 	Name:	 	Jon A. DeLuca
		 	Title:	 	President and Chief Executive Officer

  

 7Form of Restricted Stock Agreement

 Exhibit 10.2 
 RESTRICTED STOCK AGREEMENT 
 FIBERNET TELECOM GROUP, INC. 
 This Agreement (the “Agreement”) is made as of August 17, 2006 (the “Grant Date”), between FiberNet Telecom Group, Inc. (the
“Company”), a Delaware corporation, and the individual set forth on the signature page hereto (the “Participant”). 
 Background 
 WHEREAS, the Company has adopted the FiberNet Telecom Group, Inc. 2003 Equity Incentive Plan (as amended, the
“Plan”) to promote the interests of the Company by providing an incentive for employees, directors and consultants of the Company, its Affiliates and Subsidiaries; 
 WHEREAS, pursuant to the provisions of the Plan, the Company desires to offer for sale to the Participant shares of the Company’s common stock, $0.001 par value per share (“Common Stock”), in
accordance with the provisions of the Plan, all on the terms and conditions hereinafter set forth; 
 WHEREAS, Participant
wishes to accept said offer; and 
 WHEREAS, the parties hereto understand and agree that any terms used and not defined herein have the meanings ascribed to
such terms in the Plan and that any and all references herein to employment of the Participant by the Company shall include the Participant’s employment or service as an employee, director or consultant of the Company or any Affiliate or
Subsidiary. 
 NOW, THEREFORE, in consideration of the promises and the mutual covenants contained herein and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Terms of Purchase. The
Participant hereby accepts the offer of the Company to issue to the Participant, in accordance with the terms of the Plan and this Agreement, that number of Shares of the Company’s Common Stock set forth on Schedule 1 attached
hereto (such shares, subject to adjustment pursuant to Section 4.3 of the Plan and Section 2(i) hereof, the “Granted Shares”) at a purchase price per share of $0.001 (the “Purchase Price”), receipt of
which is hereby acknowledged by the Company. 
 2. Company’s Lapsing Repurchase Right. 
 (a) Lapsing Repurchase Right. Except as set forth in Sections 2(b), 2(c) and 2(d) hereof, in the event that for any reason the Participant is no
longer an employee, director or consultant of the Company, an Affiliate or a Subsidiary prior to the fourth anniversary of the Grant Date, the Company (or its designee) shall have the option, but not the obligation, to purchase from the Participant
(or the Participant’s successor in interest) and, in the event the Company exercises such option, the Participant (or the Participant’s successor in interest) shall be obligated to sell to the Company (or its designee), at a price per
Granted Share equal to the Purchase Price, all or any part of the Granted Shares as set forth in clauses (i) and (ii) below (the “Lapsing Repurchase Right”). The Company’s Lapsing Repurchase Right shall be valid for a
period of one year commencing with the date of such termination of employment or service. Notwithstanding any other provision hereof, in the event the Company is prohibited during such one-year period from exercising its Lapsing Repurchase Right by
Section 160 of the Delaware General Corporation Law as amended from time to time (or any successor provision), then the time period during which such Lapsing Repurchase Right may be exercised shall be extended until thirty days after the
Company is first not so prohibited. 

 (i) If the Company, an Affiliate or a Subsidiary terminates such Participant without
“cause” (as defined in the Plan) or the Participant resigns from the Company, an Affiliate or a Subsidiary for “good reason” (as defined in the Plan), the Company shall have the option to repurchase all of the Granted Shares less
one-forty-eighth (1/48) of the Granted Shares for each full month elapsed after the Grant Date that the Participant continues to serve as an employee, director or consultant of the Company or an Affiliate or Subsidiary. 
 (ii) Notwithstanding anything to the contrary contained in this Agreement, in the event the Company, an Affiliate or a Subsidiary
terminates the Participant’s employment or service for “cause” (as defined in the Plan) or the Participant voluntarily resigns from the Company, an Affiliate or a Subsidiary, the Company shall have the option to repurchase all of the
Granted Shares acquired by the Participant hereunder at the Purchase Price. 
 (b) Effect of Termination upon Death, Disability or
Retirement. Except as otherwise provided in Section 2(a) above, the Company’s Lapsing Repurchase Right shall terminate and the Participant’s ownership of all Granted Shares then owned by the Participant shall become fully vested
if the Participant ceases to be an employee, director or consultant of the Company or an Affiliate or Subsidiary by reason of death, Disability or Retirement. 
 (c) Effect of Change in Control. Except as otherwise provided in Section 2(a) above, the Company’s Lapsing Repurchase Right shall terminate, and the Participant’s ownership of all Granted Shares
then owned by the Participant shall become vested, in the event of a Change of Control of the Company as defined in the Plan; provided, that the Participant expressly acknowledges that, pursuant to the terms of Section 14 of the Plan, the Board
of Directors of the Company may determine whether a Change of Control will have occurred. 
 (d) Discretion of the Plan Administrator.
Except as otherwise provided in Section 2(a) above, the Company’s Lapsing Repurchase Right shall terminate, and the Participant’s ownership of all Granted Shares then owned by the Participant shall become vested at any time in the
sole discretion of the Administrator of the Plan. 
 (e) Closing. In the event that the Company exercises the Lapsing Repurchase
Right, the Company shall notify the Participant in writing of its intent to repurchase the Granted Shares. Such notice may be mailed by the Company up to and including the last day of the time period provided for above for exercise of the Lapsing
Repurchase Right. The notice shall specify the place, time and date for payment of the repurchase price (the “Closing”) and the number of Granted Shares with respect to which the Company is exercising the Lapsing Repurchase Right.
The Closing shall be not less than ten days nor more than sixty days from the date of mailing of the notice, and the Participant or the Participant’s successor in interest with respect to the Granted Shares which the Company elects to
repurchase shall have no further rights as the owner thereof from and after the date specified in the notice. At the Closing, the repurchase price shall be delivered to the Participant or the Participant’s successor in interest and the Granted
Shares being repurchased, duly endorsed for transfer, shall, to the extent that they are not then in the possession of the Company, be delivered to the Company by the Participant or the Participant’s successor in interest. 
 (f) Escrow. The certificates representing all Granted Shares acquired by the Participant hereunder which from time to time are subject to the
Lapsing Repurchase Right shall be delivered to the Company and the Company shall hold such Granted Shares in escrow as provided in this Section 2(f). Promptly following receipt by the Company of a written request from the Participant, the
Company shall release from escrow and deliver to the Participant a certificate for the whole number of Granted Shares, if any, as to which the Company’s Lapsing Repurchase Right has lapsed. In the event of 
  

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 a repurchase by the Company of Granted Shares subject to the Lapsing Repurchase Right, the Company shall release from
escrow and cancel a certificate for the number of Granted Shares so repurchased. Any securities distributed in respect of the Granted Shares held in escrow, including, without limitation, shares issued as a result of stock splits, stock dividends or
other recapitalizations, shall also be held in escrow in the same manner as the Granted Shares. 
 (g) Prohibition on Transfer. The
Participant recognizes and agrees that all Granted Shares which are subject to the Lapsing Repurchase Right may not be sold, transferred, assigned, hypothecated, pledged, encumbered or otherwise disposed of, whether voluntarily or by operation of
law, other than to the Company (or its designee). However, the Participant, with the approval of the Administrator, may transfer the Granted Shares for no consideration to or for the benefit of the Participant’s Immediate Family (including,
without limitation, to a trust for the benefit of the Participant’s Immediate Family or to a partnership or limited liability company for one or more members of the Participant’s Immediate Family), subject to such limits as the
Administrator may establish, and the transferee shall remain subject to all the terms and conditions applicable to this Agreement prior to such transfer and each such transferee shall so acknowledge in writing as a condition precedent to the
effectiveness of such transfer. The term “Immediate Family” means the Participant’s spouse, former spouse, parents, children, stepchildren, adoptive relationships, sisters, brothers, nieces and nephews and grandchildren (and,
for this purpose, shall also include the Participant). The Company shall not be required to transfer any Granted Shares on its books which shall have been sold, assigned or otherwise transferred in violation of this Section 2(g), or to treat as
the owner of such Granted Shares, or to accord the right to vote as such owner or to pay dividends to, any person or organization to which any such Granted Shares shall have been so sold, assigned or otherwise transferred, in violation of this
Section 2(g). 
 (h) Failure to Deliver Granted Shares to be Repurchased. In the event that the Granted Shares to be repurchased
by the Company under this Agreement are not in the Company’s possession pursuant to Section 2(f) above or otherwise and the Participant or the Participant’s successor in interest fails to deliver such Granted Shares to the Company (or
its designee), the Company may elect (i) to establish a segregated account in the amount of the repurchase price, such account to be turned over to the Participant or the Participant’s successor in interest upon delivery of such Granted
Shares, and (ii) immediately to take such action as is appropriate to transfer record title of such Granted Shares from the Participant to the Company (or its designee) and to treat the Participant and such Granted Shares in all respects as if
delivery of such Granted Shares had been made as required by this Agreement. The Participant hereby irrevocably grants the Company a power of attorney which shall be coupled with an interest for the purpose of effectuating the preceding sentence.

 (i) Adjustments. The Plan contains provisions covering the treatment of Shares in a number of contingencies such as stock splits
and mergers. Provisions in the Plan for adjustment with respect to the Shares and the related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference.

 3. Legend. All certificates representing the Granted Shares still subject to the Lapsing Repurchase Right pursuant to this
Agreement shall have endorsed thereon a legend substantially as follows: 
 “The shares represented by this certificate are subject to
restrictions set forth in a Restricted Stock Agreement dated as of August 17, 2006 with this Company, a copy of which Agreement is available for inspection at the offices of the Company or will be made available upon request.” 

 

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 4. Incorporation of the Plan. The Granted Shares are subject to all the terms and conditions set
forth in the Plan, which is hereby incorporated by reference. The Participant acknowledges he or she has read and understands the Plan and he or she agrees to be bound by the terms of the Plan. In the event of an express conflict between any
provision of this Agreement and those of the Plan, the terms of the Plan control. Any term or condition that the Agreement is silent shall be governed and administered in accordance with the terms of the Plan. A copy of the Plan is attached hereto
as Exhibit A. 
 5. Tax Liability of the Participant and Payment of Taxes. 
 (a) The Participant acknowledges and agrees that any income or other taxes due from the Participant with respect to the Granted Shares issued pursuant to
this Agreement, including, without limitation, the Lapsing Repurchase Right, shall be the Participant’s responsibility. Without limiting the foregoing, the Participant agrees that, to the extent that the Lapsing Repurchase Right of any of the
Granted Shares or the declaration of dividends on any such shares before the lapse of such restrictions on disposition results in the Participant’s being deemed to be in receipt of earned income under the provisions of the Code, the Company
shall be entitled to immediate payment from the Participant of the amount of any tax required to be withheld by the Company. 
 (b) Upon
execution of this Agreement, the Participant may file an election under Section 83 of the Code in substantially the form attached as Exhibit B. The Participant acknowledges that if he or she does not file such an election, as the Granted
Shares are released from the Lapsing Repurchase Right in accordance with Section 2, the Participant will have income for tax purposes equal to the fair market value of the Granted Shares at such date, less the price paid for the Granted Shares
by the Participant. 
 6. Lock-Up Agreement. The Participant agrees, if requested by the Company and an underwriter of Granted Shares
(or other securities) of the Company, not to sell or otherwise transfer or dispose of any Granted Shares (or other securities) of the Company held by the Participant during the one hundred eighty (180) day period following the effective date of
a registration statement filed under the Exchange Act, without the prior consent of the Company or such underwriter, as the case may be. 
 7. Equitable Relief. The Participant specifically acknowledges and agrees that in the event of a breach or threatened breach of the provisions of this Agreement or the Plan, including the attempted transfer of the Granted Shares by
the Participant in violation of this Agreement, monetary damages may not be adequate to compensate the Company, and, therefore, in the event of such a breach or threatened breach, in addition to any right to damages, the Company shall be entitled to
equitable relief in any court having competent jurisdiction. Nothing herein shall be construed as prohibiting the Company from pursuing any other remedies available to it for any such breach or threatened breach. 
 8. No Obligation to Maintain Relationship. The Company is not by the Plan or this Agreement obligated to maintain its relationship with the
Participant as an employee, director or consultant of the Company or a Subsidiary. The Participant acknowledges: (a) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (b) that the grant
of the Shares is a one-time benefit which does not create any contractual or other right to receive future grants of shares, or benefits in lieu of shares; (c) that all determinations with respect to any such future grants, including, but not
limited to, the times when shares shall be granted, the number of shares to be granted, the purchase price, and the time or times when each share shall be free from a lapsing repurchase right, will be at the sole discretion of the Company;
(d) that the Participant’s participation in the Plan is voluntary; (e) that the value of the Shares is an extraordinary item of compensation which is outside the scope of the Participant’s employment contract, if any; and
(f) that the Shares are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.

  

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 9. Notices. All notices, claims, certificates, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given and delivered if personally delivered or if sent by nationally-recognized overnight courier, or by registered or certified mail, return receipt requested and postage prepaid,
addressed as follows: 
 If to the Company, to: 
 FiberNet Telecom Group, Inc. 
 570 Lexington Avenue 
 New York, NY 10022 
 Attn: General Counsel 
 If to the Participant, to the last address on record at the Company; 
 or to such other address or addresses of which notice
in the same manner has previously been given. Any such notice shall be deemed to have been given on the earliest of receipt, one business day following delivery by the sender to a recognized courier service, or three business days following mailing
by registered or certified mail. 
 10. Benefit of Agreement. Subject to the provisions of the Plan and the other provisions hereof,
this Agreement shall be for the benefit of and shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto. 
 11. Governing Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Delaware, without giving effect to the conflict of law principles thereof. For the purpose of
litigating any dispute that arises under this Agreement, whether at law or in equity, the parties hereby consent to exclusive jurisdiction in the State of New York and agree that such litigation shall be conducted in the courts of New York,
New York or the federal courts of the United States for the District of New York. 
 12. Severability. If any provision of this
Agreement is held to be invalid or unenforceable by a court of competent jurisdiction, then such provision or provisions shall be modified to the extent necessary to make such provision valid and enforceable, and to the extent that this is
impossible, then such provision shall be deemed to be excised from this Agreement, and the validity, legality and enforceability of the rest of this Agreement shall not be affected thereby. 
 13. Entire Agreement. This Agreement, together with the Plan, constitutes the entire agreement and understanding between the parties hereto with
respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings relating to the subject matter hereof. No statement, representation, warranty, covenant or agreement not expressly set forth in this
Agreement shall affect or be used to interpret, change or restrict the express terms and provisions of this Agreement provided, however, in any event, this Agreement shall be subject to and governed by the Plan. 
 14. Modifications and Amendments; Waivers and Consents. The terms and provisions of this Agreement may be modified or amended as provided in the
Plan. Except as provided in the Plan, the terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted, only by written document executed by the party entitled to the benefits of such terms or provisions. No
such waiver or consent shall be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether or not similar. Each such waiver or consent shall be effective only in the specific
instance and for the purpose for which it was given, and shall not constitute a continuing waiver or consent. 
  

 5 

 15. Consent of Spouse. If the Participant is married as of the date of this Agreement, the
Participant’s spouse shall execute a Consent of Spouse in the form of Exhibit C hereto, effective as of the date hereof. Such consent shall not be deemed to confer or convey to the spouse any rights in the Granted Shares that do not
otherwise exist by operation of law or the agreement of the parties. If the Participant marries or remarries subsequent to the date hereof, the Participant shall, not later than sixty days thereafter, obtain his or her new spouse’s
acknowledgement of and consent to the existence and binding effect of all restrictions contained in this Agreement by such spouse’s executing and delivering a Consent of Spouse in the form of Exhibit C. 
 16. Counterparts. This Agreement may be executed in one or more counterparts, and by different parties hereto on separate counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 17. Data Privacy. By
entering into this Agreement, the Participant: (a) authorizes the Company and each Affiliate, and any agent of the Company or any Affiliate administering the Plan or providing Plan record keeping services, to disclose to the Company or any of
its Affiliates such information and data as the Company or any such Affiliate shall request in order to facilitate the grant of Shares and the administration of the Plan; (b) waives any data privacy rights he or she may have with respect to
such information; and (c) authorizes the Company and each Affiliate to store and transmit such information in electronic form. 
 * * * *

  

 6 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first
above written. 
  

			
	FIBERNET TELECOM GROUP, INC.
		
	By:	 	  

	Name:	 	Jon A. DeLuca
	Title:	 	President and Chief Executive Officer
	
	PARTICIPANT
		
	By:	 	  

	Name:	 	

  

 7 

 SCHEDULE 1 
 RESTRICTED STOCK 
 Number of Granted Shares:
[                                    ] 

 EXHIBIT A 
 2003 EQUITY INCENTIVE PLAN 
 Please see attached. 

 EXHIBIT B 
 FORM OF ELECTION TO INCLUDE GROSS INCOME IN YEAR OF TRANSFER PURSUANT 
 TO SECTION 83(B) OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED 
 In accordance with Section 83(b) of the Internal Revenue Code of 1986, as amended (the
“Code”), the undersigned hereby elects to include in his gross income as compensation for services the excess, if any, of the fair market value of the property (described below) at the time of transfer over the amount paid for such
property. The following sets for the information required in accordance with the Code and the regulations promulgated hereunder: 
 1. The
name, address and social security number of the undersigned are: 
 Name: 
 Address: 
 Social Security No.: 
 2. The description of the property with respect to which the election is being made is as follows:

                         
(            ) shares (the “Shares”) of Common Stock, $0.001 par value per share, of FiberNet Telecom Group, Inc., a Delaware corporation (the
“Company”). 
 3. This election is made for the calendar year
            , with respect to the transfer of the property to the Taxpayer on
                                . 
 4. Description of restrictions: The property is subject to the following restrictions: 
 In the event taxpayer’s employment with the Company or an Affiliate is terminated, the Company may repurchase all or any portion of the Shares determined as set forth below at the acquisition price paid by the
taxpayer: 
 A. If the termination takes place on or prior to
                                    , the Purchase Option will
apply to all of the Shares. 
 B. Notwithstanding the foregoing, if the taxpayer’s termination takes place without cause, number of Shares to which the
Purchase Option applies shall be all of the Shares less
                                    
(            ) Shares for each full month elapsed after August 17, 2006. 
 5. The fair market value at time of transfer (determined without regard to any restrictions other than restrictions which by their terms will never lapse) of the property with respect to which this election is being made was not more than
$             per Share. 
 6. The amount paid by taxpayer for said
property was $             per Share. 
 7. A copy of this statement has
been furnished to the Company. 
 Signed this
             day of             , 2006. 
  

	
	  

	
	Print Name:

 EXHIBIT C 
 CONSENT OF SPOUSE 
 I,
                                        
                        , spouse of
                                        
                , acknowledge that I have read the Restricted Stock Agreement dated as of August 17, 2006 (the “Agreement”) to which this
Consent is attached as Exhibit C and that I know its contents. Capitalized terms used and not defined herein shall have the meanings assigned to such terms in the Agreement. I am aware that by its provisions the Granted Shares granted to my
spouse pursuant to the Agreement are subject to a Lapsing Repurchase Right in favor of FiberNet Telecom Group, Inc. (the “Company”) and that, accordingly, the Company has the right to repurchase up to all of the Granted Shares of
which I may become possessed as a result of a gift from my spouse or a court decree and/or any property settlement in any domestic litigation. 
 I hereby
agree that my interest, if any, in the Granted Shares subject to the Agreement shall be irrevocably bound by the Agreement and further understand and agree that any community property interest I may have in the Granted Shares shall be similarly
bound by the Agreement. 
 I agree to the Lapsing Repurchase Right described in the Agreement and I hereby consent to the repurchase of the Granted Shares by
the Company and the sale of the Granted Shares by my spouse or my spouse’s legal representative in accordance with the provisions of the Agreement. Further, as part of the consideration for the Agreement, I agree that at my death, if I have not
disposed of any interest of mine in the Granted Shares by an outright bequest of the Granted Shares to my spouse, then the Company shall have the same rights against my legal representative to exercise its rights of repurchase with respect to any
interest of mine in the Granted Shares as it would have had pursuant to the Agreement if I had acquired the Granted Shares pursuant to a court decree in domestic litigation. 
 I AM AWARE THAT THE LEGAL, FINANCIAL AND RELATED MATTERS CONTAINED IN THE AGREEMENT ARE COMPLEX AND THAT I AM FREE TO SEEK INDEPENDENT PROFESSIONAL GUIDANCE OR COUNSEL WITH RESPECT TO THIS CONSENT. I HAVE EITHER
SOUGHT SUCH GUIDANCE OR COUNSEL OR DETERMINED AFTER REVIEWING THE AGREEMENT CAREFULLY THAT I WILL WAIVE SUCH RIGHT. 
 Dated as of the
                     day of
                                    , 2006. 
  

			
	  

		
	Print name:

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