Document:

FIFTH AMENDED AND
RESTATED

    COMMERCIAL
NOTE

    

    
      	
              $8,000,000.00

            	
              Lexington,
      Kentucky

            

    

    

    FOR VALUE RECEIVED, the
undersigned, LY Holdings,
LLC, a Kentucky limited liability company, with a principal place of
business at 1901 Eastpoint Parkway, Louisville, Kentucky 40223
(“Borrower”), promises to pay to the order of Chris T. Sullivan, whose
address is 3111 S. Valley View, Suite B-101, Las Vegas, Nevada 89102 (“Lender”),
the principal sum of Eight Million Dollars ($8,000,000.00) (the “Total
Facility”), or the aggregate unpaid balance of all advances made by Lender from
time to time hereunder, together with interest thereon, on or before the
“Maturity Date” as that term is defined below.  Principal of this Note
and all accrued interest thereon shall be due and payable as set forth
below.

    

    RECITAL

    

    Borrower
and Lightyear Network Solutions, LLC (“LNS”) previously made that certain Fourth
Amended and Restated Commercial Note dated March 25, 2009, payable to the order
of Lender in the face principal amount of $8,750,000.00 (the “Original
Note”).  The outstanding principal balance of the Original Note as of
the date hereof is $8,000,000.00.  Lender desires to release and
discharge LNS from its obligations under the Original Note, and Borrower and
Lender desire to amend and restate the Original Note as set forth
herein.  This Note shall be an amendment and restatement, and not a
novation, of the Original Note.  From and after the date of this Note,
all references to the Original Note in any document shall be a reference to this
Note.

    

    
      	
              1.

            	
              Interest
      Rate.  This Note
      shall bear interest from the date hereof until the outstanding principal
      balance of this Note, all accrued but unpaid interest thereon and all
      other charges, fees or expenses hereunder have been repaid to Lender in
      full at a rate equal to (a) the rate charged to Lender by Fifth Third
      Bank pursuant to that certain Commercial Note dated as of December 30,
      2004, in the original principal amount of Ten Million Dollars
      ($10,000,000.00), as such Commercial Note may be amended or refinanced
      from time to time (the “Fifth Third Note”); plus (b) (i) three
      percent (3%) per annum on all amounts owed hereunder up to Seven Million
      Dollars ($7,000,000.00) and (ii) six percent (6%) per annum on all amounts
      owed hereunder in excess of Seven Million Dollars ($7,000,000.00);
      provided, however, that (x) subject to Section 6
      hereof, in no event shall the rate of interest charged under clause
      1(b)(i) of this Note exceed ten percent (10%) per annum, and (y) if
      the debt evidenced by the Fifth Third Note is retired (and not
      refinanced), the rate of interest charged hereunder until this Note is
      paid in full shall be equal to the rate of interest charged hereunder on
      the business day immediately preceding the date that the debt evidenced by
      the Fifth Third Note was retired.

            

    

     

    
      	
              2.

            	
              Payments.  The
      Borrower acknowledges that a principal payment of $250,000.00 was due as
      of December 31, 2009 and is currently owing to Lender.  In
      addition such payment, the principal of, and all interest on, this Note
      shall be due and payable without setoff, offset, credit, counterclaim or
      defense, as follows:

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              March
      31, 2010

            	
              $250,000.00
      plus accrued interest (including any accrued interest outstanding under
      the Original Note on the date
hereof)

            

    

    
      	
               
      

            	
              July
      1, 2010

            	
              $7,500,000.00
      plus accrued interest

            

    

    

    
      	
              3.

            	
              Maturity
      Date.  The
      outstanding principal of this Note, all accrued but unpaid interest
      thereon and all other charges, fees or expenses hereunder shall be due and
      payable in full on or before July 1, 2010 (the “Maturity
      Date”).

            

    

     

    
      	
              4.

            	
              Advances.  All of the
      proceeds of this Note have been or shall be advanced in full to Borrower
      at the closing of this loan, and no further advances shall be
      allowed.  The books and records of Lender shall, at any time, be
      prima facie evidence of the outstanding principal of this
      Note.

            

    

     

    
      	
              5.

            	
              Commitment
      Fee.  On
      January 10, 2010, and on January 10 of each year thereafter until
      this Note is paid in full, Borrower shall pay Lender a commitment fee
      equal to five percent (5%) of the then-outstanding principal balance of
      this Note.  Such commitment fee shall not be considered in the
      calculation of the maximum amount of interest chargeable as contemplated
      by clause (x) of Section 1
      hereof.

            

    

     

    
      	
              6.

            	
              Late
      Charge and Default Rate of Interest.  If Lender
      does not receive any payment due under this Note within two (2) days of
      the date it is due, then Lender may charge a late charge of five percent
      (5.00%) of the amount of the overdue payment (the “Late
      Charge”).  Upon maturity, whether by acceleration or otherwise,
      or upon the occurrence of an Event of Default hereunder, in addition to
      any and all other remedies to which Lender may be entitled, the applicable
      rate of interest on this Note shall be increased to five percent (5.00%)
      per annum in excess of the rate set forth in Section 1,
      above (the “Default Rate”), but not more than the highest rate permitted
      by law.

            

    

     

    
      	
              7.

            	
              Security.  To secure
      repayment of this Note, any extensions or renewals thereof and all other
      existing and future indebtedness of Borrower to Lender (whether direct,
      indirect, absolute or contingent), Borrower has granted to Lender a
      security interest in the property described in the Security Agreement
      dated December 31, 2004, between Borrower, LNS and Lender, as well as any
      and all other property of Borrower which is now or hereafter listed in any
      separate security agreement or mortgage as directly or indirectly securing
      this Note, and also all money and other property of Borrower held by
      Lender on deposit in safekeeping or otherwise for the account of or to the
      credit of Borrower, or in which Borrower has an interest; provided that
      Lender will have the right to call for additional security from Borrower
      as necessary.  All of the documents or instruments that provide
      a lien or security interest in the collateral described above (the
      “Collateral”), as well as any and all other documents or instruments now
      or hereafter executed in connection with this Note and the loan evidenced
      hereby, including but not limited to any Loan Agreement by and between
      Lender and Borrower, are referred to herein collectively as the “Security
      Documents.”  Borrower agrees and acknowledges that the shares of
      capital stock of Libra Alliance Corporation held by Borrower are subject
      to the lien of the Security Documents.  All of the terms and
      conditions of the Security Documents are incorporated herein and made a
      part of this Note as if fully set forth at length herein.  Any
      holder of this Note shall be entitled to the rights, privileges, benefits
      and remedies provided in the Security Documents and in the real and
      personal property secured thereby.  Borrower represents and
      warrants to Lender that the Security Documents have been validly executed
      and delivered to Lender and that the Security Documents are legally valid,
      binding and enforceable against Borrower in accordance with their
      respective terms.  As used herein, “Loan Documents” will mean
      all Security Documents and this Note.  Notwithstanding the
      foregoing, this Section 7 is
      subject in all respects to the provisions of Section
      15.

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	
              8.

            	
              Proceeds.  Borrower
      represents that the proceeds of this Note will be used exclusively for
      business or commercial purposes.

            

    

     

    
      	
              9.

            	
              Events
      of Default and Remedies.  The
      occurrence of any of the following shall be an “Event of Default”
      hereunder:  (a) failure of Borrower to make any payment when due
      under this Note or under any other note or obligation of Borrower to
      Lender within two (2) days after the date such payment is due; (b) an
      Event of Default under the Security Documents, or any default under any of
      the following that does not have a defined set of “Events of Default” and
      the lapse of any notice or cure period provided therein:  any
      other agreement, document or instrument between Borrower and Lender; (c)
      if Borrower or any endorsers or Guarantors of this Note shall (i) make an
      assignment for the benefit of creditors, (ii) have a petition initiating
      any proceeding under the Bankruptcy Code filed by or against one or more
      of them (and in the case of a petition filed against Borrower or any
      Guarantor, the same is not discharged or stayed within thirty (30) days),
      (iii) have a receiver, trustee, or custodian appointed for all or any
      material part of their respective assets, or (iv) seek to make an
      adjustment, settlement or extension of their respective debts with his,
      her or its (as the case may be) creditors generally; (d) a default with
      respect to any other indebtedness of Borrower or any Guarantor for
      borrowed money; (e) a proceeding being filed by or commenced against
      Borrower or any Guarantor of this Note for dissolution or liquidation (and
      in the case of a proceeding commenced against Borrower or any Guarantor,
      the same is not discharged or stayed within thirty (30) days), or Borrower
      or any Guarantor of this Note voluntarily or involuntarily terminating or
      dissolving or being terminated or dissolved; (f) in the event a judgment
      or writ or order of attachment or garnishment is made and issued against
      Borrower or Borrower’s property; (g) the failure of Borrower or any
      Guarantor to provide Lender with additional collateral if in the opinion
      of Lender at any time or times, the market value of any of the collateral
      securing this Note or any guaranty has depreciated; (h) the revocation or
      attempted revocation, in whole or in part, of any guaranty by any
      Guarantor or the death of Borrower or any Guarantor (if an individual);
      (i) any representation or warranty made by Borrower or Guarantor to Lender
      in any document, including but not limited to the Security Documents, or
      any other documents now or in the future securing the obligations of
      Borrower or any Guarantor to Lender, is false or erroneous in any material
      respect; (j) the failure of Borrower or any Guarantor to observe or
      perform any covenant or other agreement with Lender contained in any
      document executed in connection with the loan evidenced hereby, including
      but not limited to this Note or any of the Security Documents; (k) in the
      event Lender in good faith deems itself insecure with respect to payment
      of this Note, or in good faith believes the prospect of payment is
      impaired, or Lender determines in the exercise of its sole judgment that
      Lender’s perfection in any of the Collateral is impaired; or (l) the
      failure of Borrower or any Guarantor to observe or perform any covenant or
      other agreement with Lender contained in any document, including but not
      limited to the Security Documents or any documents now or in the future
      securing the obligations of Borrower or any Guarantor to
      Lender.  As used herein, the term “Guarantor” will mean any
      guarantor of the obligations of Borrower to Lender whether existing on the
      date of this Note or arising in the future, or any person who pledges
      particular Collateral for the security of this Note whether or not the
      debt itself is guaranteed, existing on the date of this Note or arising in
      the future.  Upon the occurrence of an Event of
      Default:  (i) the outstanding principal balance hereunder
      together with any additional amounts secured by the Security Documents, at
      the option of the holder and without demand or notice of any kind (which
      are hereby expressly waived), may be accelerated and become immediately
      due and payable, (ii) this Note, together with all arrearages of interest
      will from the date of the occurrence of the Event of Default bear interest
      at the Default Rate, (iii) Borrower will pay to Lender all reasonable
      attorneys’ fees, court costs and expenses incurred by Lender in connection
      with Lender’s efforts to collect the indebtedness evidenced by the Note,
      and (iv) Lender may exercise from time to time any of the rights and
      remedies available to the holder under the Security Documents or under
      applicable law.

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	
              10.

            	
              Prepayment.   The
      indebtedness evidenced hereby may be prepaid in whole or in part without
      penalty.  Payments received will be applied in the following
      order:  (i) to charges, fees and expenses (including reasonable
      attorneys’ fees), (ii) to accrued interest, and (iii) to
      principal.  Any additional payments will be applied in the
      foregoing order and, to the extent applied to principal, will be applied
      to installments of principal payable hereunder in the inverse order of
      maturity.

            

    

     

    
      	
              11.

            	
              Cumulative
      Remedies.  All rights
      and remedies of the holder of this Note shall be cumulative to the fullest
      extent allowed by law.  Time shall be of the essence for paying
      interest on the principal of this
Note.

            

    

     

    
      	
              12.

            	
              Waiver.  All parties
      to this Note, whether a borrower, endorsers, sureties, guarantors or
      otherwise connected herein, waive presentment, demand, notice of dishonor,
      protest, notice of protest, notice of nonpayment or non-acceptance, any
      other notice and all due diligence or promptness that may otherwise be
      required by law, and all exemptions to which they may now or hereafter be
      entitled under the laws of the Commonwealth of Kentucky, the United States
      of America, or any state thereof.  No delay or failure on the
      part of Lender to exercise any right, remedy or power hereunder, under any
      of the Loan Documents or under applicable law will impair or waive any
      such right, remedy or power (or any other right, remedy or power), be
      considered a waiver of or an acquiescence in any breach, default or Event
      of Default or affect any other or subsequent breach, default or Event of
      Default of the same or a different nature.  No waiver of any
      breach, default or Event of Default, nor any modification, waiver,
      discharge or termination of any provision of this Note, nor consent to any
      departure by Borrower therefrom, will be established by conduct, custom or
      course of dealing; and no modification, waiver, discharge, termination nor
      consent will in any event be effective unless the same is in writing,
      signed by Lender and specifically refers to this Note, and then such
      modification, waiver, discharge or termination or consent will be
      effective only in the specific instance and for the specific purpose for
      which given.  No notice to or demand on Borrower in any case
      will entitle Borrower to any other or further notice or demand in the same
      or any similar or other
circumstance.

            

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	
              13.

            	
              Expenses
      Incurred by Lender.  If Lender
      expends sums in defending or otherwise protecting its collateral under the
      Loan Documents prior to an Event of Default, or if any Event of Default
      occurs under this Note, and this Note is placed in the hands of an
      attorney for collection, or is collected through any court, including,
      without limitation, bankruptcy court, then Borrower promises to pay the
      holder of this Note the reasonable attorneys’ fees and legal costs
      incurred in collecting or attempting to collect or securing or attempting
      to secure this Note or enforcing the rights of such holder with respect to
      any collateral securing this Note, including, without limitation,
      appraisal fees, costs of environmental audits, site assessments and/or
      remediation, to the fullest extent allowed by the laws of the Commonwealth
      of Kentucky or any state in which any collateral for this Note is
      situated.

            

    

     

    
      	
              14.

            	
              Rights
      of Lender.  Lender may,
      with or without notice to any party and without affecting the obligations
      of Borrower, or any surety, Guarantor, endorser, accommodation party or
      any other party to this Note, (a) renew, extend or otherwise postpone the
      time for payment of either principal of this Note or interest thereon from
      time to time, (b) release or discharge any one or more parties liable on
      this Note, (c) suspend the right to enforce this Note with respect to any
      person(s), including any present or future Guarantor of this Note, (d)
      change, exchange or release any property in which Lender possesses any
      interest securing this Note, (e) justifiably or otherwise, impair any
      collateral securing this Note or suspend the right to enforce against any
      such collateral, and (f) at any time it deems it necessary or proper, call
      for and should it be made available, accept, as additional security, the
      signature(s) of an additional party or a security interest in property of
      any kind or description or both.

            

    

     

    
      	
              15.

            	
              Release
      of LNS.  Notwithstanding
      any provision herein or in any other Loan Document to the contrary, Lender
      hereby agrees that (a) LNS is hereby released and discharged from all of
      its obligations under any Loan Document (including, without limitation,
      that certain Security Agreement dated December 31, 2004, between Borrower,
      LNS and Lender), and (b) all liens, security interests and pledges created
      by LNS pursuant to the Loan Documents are hereby terminated and released
      (and LNS shall be authorized to file such termination statements and
      releases as are necessary to evidence the foregoing).  Lender
      further agrees that (x) the Security Agreement (Limited Liability Company
      Membership) dated December 31, 2004 between Borrower and Lender is hereby
      terminated and of no further force or effect, and that all liens, security
      interests and pledges created in Borrower’s membership units in LNS
      pursuant thereto (or pursuant to any other Loan Document) are hereby
      terminated and released (and that Borrower is not prohibited from selling,
      transferring or assigning such membership units), and (y) the Assignment
      of Life Insurance Policy as Collateral dated December 30, 2004 from LNS in
      favor of Lender is hereby terminated and of no further force or effect,
      and that Lender hereby releases all right, title and interest in and to
      the life insurance policy described therein.  Lender further
      agrees that LNS is not subject to, or bound by, (i) the Subordination and
      Intercreditor Agreement, dated July 30, 2004, among Lender, Borrower, LNS
      and the other parties thereto, or (ii) the Subordination and Intercreditor
      Agreement, dated December 31, 2004, among the Lender, Borrower, LNS and
      the other parties thereto.

            

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    
      	
              16.

            	
              Late Charge, Default
      Rate, and Prepayment
Premium.

            

    

     

    
      	
               
      

            	
              16.1

            	
              The
      Late Charge, the Default Rate, and the Prepayment Premium, if any, are
      imposed as liquidated damages for the purpose of defraying Lender’s
      expenses incident to the handling of delinquent payments, but are in
      addition to, and not in lieu of, Lender’s exercise of any rights and
      remedies hereunder, under the other Security Documents or under applicable
      law, and any fees and expenses of any agents or any reasonable fees and
      expenses of any attorneys which Lender may employ.  In addition,
      the Default Rate reflects the increased credit risk to Lender of carrying
      a loan that is in default.  Borrower agrees that the Late
      Charge, Default Rate, and Prepayment Premium are reasonable forecasts of
      just compensation for anticipated and actual harm incurred by Lender, and
      that the actual harm incurred by Lender cannot be estimated with certainty
      and without difficulty.

            

    

     

    
      	
               
      

            	
              16.2

            	
              Nothing
      contained in this Note regarding late charges or the Default Rate will be
      construed in any way to extend the due date of any payment or waive any
      payment default, and each such right is in addition to, and not in lieu
      of, the other and any other rights and remedies of Lender hereunder, under
      any of the Security Documents or under applicable law (including, without
      limitation, the right to interest, reasonable attorneys’ fees and other
      expenses).

            

    

     

    
      	
              17.

            	
              Usury.  Without
      limiting the generality of the foregoing, if from any circumstances
      whatsoever the fulfillment of any provision of this Note involves
      transcending the limit of validity prescribed by any applicable usury
      statute or any other applicable law with regard to obligations of like
      character and amount, then the obligation to be fulfilled will be reduced
      to the limit of such validity as provided in such statute or law, so that
      in no event will any exaction of interest be possible under this Note in
      excess of the limit of such validity and the right to demand any such
      excess is hereby expressly waived by Lender.  As used in this
      Section, “applicable usury statute” and “applicable law” mean such statute
      and law in effect on the date hereof, subject to any change therein that
      result in a higher permissible rate of
interest.

            

    

     

    
      	
              18.

            	
              Singular
      and Plural Terms.  Wherever
      used herein, the singular number shall include the plural, the plural the
      singular, and the use of any gender shall include all
    genders.

            

    

     

    
      	
              19.

            	
              Binding
      Effect.  This Note
      will bind Borrower and the successors and assigns of Borrower, and the
      benefits hereof will inure to the benefit of Lender and its heirs,
      executors, administrators, successors and assigns.  All
      references herein to the “Borrower” and “Lender” will include the
      respective heirs, administrators, successors and assigns thereof;
      provided, however, that Borrower may not assign this Note in whole or in
      part without the prior written consent of Lender and Lender at any time
      may assign this Note in whole or in part (but no assignment by Lender of
      less than all of this Note will operate to relieve Borrower from any duty
      to Lender with respect to the unassigned portion of this
      Note).

            

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    
      	
              20.

            	
              Repayment
      by Lender.  If at any
      time all or any part of any payment or transfer of any kind received by
      Lender with respect to all or any part of this Note is repaid, set aside
      or invalidated by reason of any judgment, decree or order of any court or
      administrative body, or by reason of any agreement, settlement or
      compromise of any claim made at any time with respect to the repayment,
      recovery, setting aside or invalidation of all or any part of such payment
      or transfer, Borrower’s obligations under this Note will continue (and/or
      be reinstated) and Borrower will be and remain liable, and will indemnify,
      defend and hold harmless Lender for, the amount or amounts so repaid,
      recovered, set aside or invalidated and all other claims, demands,
      liabilities, judgments, losses, damages, costs and expenses incurred in
      connection therewith.  The provisions of this Section will be
      and remain effective notwithstanding any contrary action which may have
      been taken by Borrower in reliance upon such payment or transfer, and any
      such contrary action so taken will be without prejudice to Lender’s rights
      hereunder and will be deemed to have been conditioned upon such payment or
      transfer having become final and irrevocable.  The provisions of
      this Section will survive any termination, cancellation or discharge of
      this Note.

            

    

     

    
      	
              21.

            	
              Notices.  All
      notices, demands, requests, consents or approvals and other communications
      required or permitted hereunder will be in writing, and, to the extent
      required by applicable law, will comply with the requirements of the
      Uniform Commercial Code then in effect, and will be addressed to such
      party at the address set forth below or to such other address as any party
      may give to the other in writing for such
  purpose:

            

    

     

    
      	 
      	
              To
      Lender:

            	
              Chris
      T. Sullivan

            
	 
      	 
      	
              3111
      S. Valley View, Suite B-101

            
	 
      	 
      	
              Las
      Vegas, Nevada 89102

            
	 
      	 
      	 
      
	 
      	
              With
      a copy to:

            	
              Brent
      Rice, Esq.

            
	 
      	 
      	
              McBrayer,
      McGinnis, Leslie & Kirkland, PLLC

            
	 
      	 
      	
              201
      East Main Street, Suite 1000

            
	 
      	 
      	
              Lexington,
      Kentucky 40507-2003

            
	 
      	 
      	 
      
	 
      	
              To
      Borrower:

            	
              LY
      Holdings, LLC

            
	 
      	 
      	
              1901
      Eastpoint Parkway

            
	 
      	 
      	
              Louisville,
      Kentucky 40223

            
	 
      	 
      	 
      
	 
      	
              With
      a copy to:

            	
              Robert
      V. Sartin, Esq.

            
	 
      	 
      	
              Frost
      Brown Todd LLC

            
	 
      	 
      	
              Lexington
      Financial Center

            
	 
      	 
      	
              250
      West Main Street, Suite 2700

            
	 
      	 
      	
              Lexington,
      Kentucky 40507-1749

            

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    All such
communications, if personally delivered, will be conclusively deemed to have
been received by a party hereto and to be effective when so delivered, or if
sent by telex, facsimile or telegraphic means, on the day on which transmitted,
or if sent by overnight courier service, on the day after deposit thereof with
such service, or if sent by certified or registered mail, on the third business
day after the day on which deposited in the mail.

     

    
      	
              22.

            	
              Governing
      Law.  This Note has been delivered and accepted at and
      will be deemed to have been made at Lexington, Kentucky and will be
      interpreted and the rights and liabilities of the parties hereto
      determined in accordance with the laws of the Commonwealth of Kentucky,
      without regard to conflicts of law
principles.

            

    

     

    
      	
              23.

            	
              Jurisdiction. Borrower
      hereby irrevocably agrees and submits to the exclusive jurisdiction of any
      state or federal court located within Fayette County, Kentucky, or, at the
      option of Lender in its sole discretion, of any state or federal court(s)
      located within any other county, state or jurisdiction in which Lender at
      any time or from time to time chooses in its sole discretion to bring an
      action or otherwise exercise a right or remedy, and Borrower waives any
      objection based on forum
      non conveniens and any
      objection to venue of any such action or
  proceeding.

            

    

     

    
      	
              24.

            	
              Waiver
      of Jury Trial.  The parties
      hereto each waive any right to trial by jury in any action or proceeding
      relating to this Note, or any actual or proposed transaction or other
      matter contemplated in or relating to any of the
      foregoing.

            

    

     

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        8

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, Borrower has
executed this Note as of the 11th day of February, 2010.

     

    
      
        
          	 
      	
                  BORROWER:

                
	 
      	 
      
	 
      	
                  LY
      HOLDINGS, LLC

                
	 
      	 
      
	 
      	
                  By:

                	
                  /s/ J. Sherman Henderson
  III

                
	 
      	 
      	
                  J.
      Sherman Henderson III

                
	 
      	 
      	
                  President
      and C.E.O.

                
	 
      	 
      
	 
      	
                  LENDER:

                
	 
      	 
      
	 
      	
                  /s/  Chris T. Sullivan

                
	 
      	
                  Chris
      T. Sullivan

                

        

      

    

     

    
      
         

      

      
        S-1EXECUTIVE
EMPLOYMENT AGREEMENT

      

      This EXECUTIVE EMPLOYMENT AGREEMENT
(this “Agreement”) is made
as of April 29, 2010 by and between Lightyear Network Solutions, Inc., a
Nevada corporation (the “ Company ”), and
Randy Ammon

      (“ Executive
”).

      

      WHEREAS, the Company desires
to employ Executive, and Executive desires to be employed by the Company, on the
terms set forth herein;

      

      NOW THEREFORE, in
consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

      

      Section 1. Employment.  The
Company hereby employs Executive, and Executive hereby accepts employment with
the Company, upon the terms and conditions set forth in this Agreement, for the
period of thirty-six (36) months beginning on and effective as of April 29,
2010, and ending thirty-six (36) months thereafter, unless Executive’s
employment is extended as hereinafter provided or is terminated as provided in
Section 4 hereof (the “ Employment Period
”). Thereafter, this Agreement shall be deemed extended from year to year upon
the same terms and conditions as set out herein, unless either party has
notified the other of their intent to terminate this Agreement within at least
one hundred twenty (120) days of the end of any then current Employment Period,
or unless this Agreement is terminated as provide in paragraph 4
hereof.

      

      Section 2. Position
and Duties. During the Employment Period, Executive will serve as the
Chief Operating Officer of the Company and render such managerial, analytical,
administrative and other executive services to the Company and its Affiliates,
as are from time to time necessary in connection with the management and affairs
of the Company and its Affiliates, in each case subject to the authority of the
Board (as defined below) of the Company to define and limit such executive
services, including serving as an officer, manager, employee or in any other
capacity for any Affiliate of the Company. Executive will devote his best
efforts and all of his business time and attention (except for permitted
vacation periods and reasonable periods of illness or other incapacity) to the
business and affairs of the Company and its Affiliates. Executive will perform
his duties and responsibilities to the best of his abilities in a diligent,
trustworthy, businesslike and efficient manner.

      

      Section 3. Salary
and Benefits.

      

      (a) Salary. Executive’s
compensation consists of a salary and bonus as described below and as
specifically outlined on Exhibit A to this Agreement. The Company will pay
Executive salary at a rate equal to the amount reflected on Exhibit A (the
“Salary”). Said amount may be adjusted from time to time. The Salary will be
payable in regular installments in accordance with the general payroll practices
of the Company. Executive will also be eligible for an annual salary review by
the Company and the Salary may be adjusted by the Company based on the
achievement of performance goals.

      

      (b) Bonuses. During the
Employment Period, the Company will establish cash and equity incentive bonus
programs representing potential additional incentive compensation for Executive.
Specifically, you will be eligible to be considered for a performance based
bonus as set forth on Exhibit A of this Agreement. The bonus program shall be
administered and distributed under the sole direction of the Compensation
Committee of the Board, taking into account the recommendations of senior
management of the Company and the achievement of annual goals and objectives as
established and approved by the Board. If the Employment Period during any
fiscal year is less than the full fiscal year, the bonus amount paid to
Executive, if any, attributable to any fiscal year shall be prorated for the
actual number of days of the Employment Period that elapse during such fiscal
year.

      

      (c) Benefits. During the
Employment Period, the Company will provide Executive with family health, dental
and major medical, vision and disability coverage, as well as participation
under such plans as the Board may establish or maintain from time to time for
executive officers of the Company (collectively, the “ Benefits ”).
Executive will be entitled to such paid vacation per annum as the Company shall
establish as Company policy for all management of the Company.

      
        
           

        

        
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      (d) Reimbursement of
Expenses. During the Employment Period, the Company will reimburse
Executive for all reasonable out-of-pocket expenses incurred by him during the
Employment Period in the course of performing his duties under this Agreement
which are consistent with the Company’s policies in effect from time to time
with respect to travel, entertainment and other business expenses, subject to
the Company’s requirements with respect to reporting and documentation of such
expenses.  Specifically, the Company agrees to pay up to $8,000.00
towards the Executives’ expenses for moving to Louisville, KY.

      

      Section 4. Termination.

      

      (a)           The
Employment Period will continue until the earlier of:

      

      (i)  Executive’s
resignation

      

      (A) for Good Reason on thirty (30)
days’ written notice,

      

      (B)  for
any other reason or no reason (a resignation described in this clause (i)(B)
being a resignation by the Executive “Without Good Reason”) or

      

      (C)  as
a result of Executive’s death or Disability, which resignation shall be deemed
automatically tendered upon Executive’s death or Disability; or

      

      (ii)  the giving of notice of
termination by the Company

      

      (A) for Cause or

      

      (B) for
any other reason or for no reason (a termination described in this clause
(ii)(B)being a termination by the Company “Without Cause”)

      

      For purposes of this Agreement, “Cause”
means

      

      (i)  any willful or
intentional act of Executive that has the effect of injuring the reputation or
business of the Company or its Affiliates in any material respect,

      

      (ii)  Executive’s use of
illegal drugs,

      

      (iii)  that the Executive has
materially failed to perform his duties hereunder and such failure continues
uncured for 30 days after notice to Executive by the Company; provided, the
foregoing notice shall only be required with respect to one material breach that
occurs in any 12-month period, or

      

      (iv)  Executive’s indictment,
conviction or a plea of guilty or no contest or similar plea with respect to, a
felony, an act of fraud or embezzlement, a breach of fiduciary duty to the
Company or any of its Subsidiaries, or a (v) breach of any of Sections 6, 7 or 8
of this Agreement.

      

           For
the purposes of this Agreement, “Good Reason” means

      

      (i)  any substantial
diminution in the Executive’s professional responsibilities,

      

      (ii)  any intentional act
which creates a workplace environmental that, by duress or otherwise, makes it
impossible for Executive to continue his employment,

      

      (iii)  a reduction in Salary
or the overall level of other compensation and benefits to which Executive is
entitled under this Agreement, or

      
        
           

        

        
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      (iv)  the failure by the
Company to pay the Executive any portion of the Executive’s current compensation
when due and such failure continues for 7 days after notice to Company from
Executive provided that the foregoing notice shall only be required with respect
to one such failure in any 12-month period. For avoidance of doubt, Executive
hereby acknowledges that the Board may from time to time reorganize the
operations of the Company resulting in a change in Executive’s title or direct
employer, which change alone shall not constitute Good Reason so long as any
change in title or reporting responsibilities results in no substantial
diminution in Executive’s responsibilities and any new direct employer agrees to
be bound by the terms and conditions of this Agreement, without modification
other than to reflect the change in title and employer.

      

      (b) In the event the Employment Period
is terminated by the Company Without Cause or the Executive resigns for Good
Reason, then, so long as Executive continues to comply with Sections 6, 7 and 8
hereof, and so long as Executive executes and delivers to the Company
immediately prior to the payment of such first installment a release in the form
of Exhibit B, then Executive will be entitled to receive an amount (the “Severance Amount”)
equal to twelve (12) months pay at the rate of Executive’s Salary in effect at
the Termination Date and payable in accordance with the Company’s regular
payment schedule in effect at the Termination Date. In addition, in connection
with termination described in the preceding sentence, Executive shall be
entitled to receive

      

      (i) any incentive payments earned and
accrued but not yet paid to Executive prior to the Termination
Date,

      

      (ii)
continued medical coverage during the Severance Term pursuant to COBRA at the
Company’s expense; and

      

      (iii) all accrued and unpaid Salary and
unused vacation time through the Termination Date and all unreimbursed business
expenses incurred through the Termination Date; provided, as a condition to
receiving the Severance Amount or any payment or benefit described in paragraphs
4(b)(i) and 4(b)(ii).

      

      (c) In the event the Employment Period
is terminated due to the Executive’s death, or resignation Without Good Reason
or by the Company with Cause then, so long as Executive continues to comply with
Sections 6, 7 and 8 hereof, Executive will be entitled to receive the items
described in paragraphs 4(b)(i) and 4(b)(iii) above.

      

      (d) In the event the Employment Period
is terminated by the Executive or the Company due to the Executive’s Disability,
then the Executive shall receive his monthly Salary and benefits through the end
of the calendar month in which such termination occurs and, so long as Executive
continues to comply with Sections 6, 7 and 8 hereof, Executive will be entitled
to receive the items described in Sections 4(b)(i),(ii) and (iii)
above.

      

      Section 5. Resignation
as Officer or Director. Upon the Termination Date, Executive will be
deemed to have resigned from each position (if any) that he then holds as an
officer or director of the Company and each of its Affiliates, and Executive
will take any and all reasonable action that the Company may request in order to
confirm or evidence such resignation.

      

      Section 6. Confidential
Information.

      

      (a)   Executive
acknowledges that the information, observations and data that may be obtained by
Executive during his employment relationship with, or through his involvement as
a consultant, contractor, representative, agent, officer, director, partner,
member or stockholder of, the Company, any of its Subsidiaries or Affiliates
thereof (each of the Company, any of its Subsidiaries or Affiliates being a
“ Related
Company ” and, collectively, the “ Related Companies
”), prior to and after the date of this Agreement concerning the business or
affairs of the Related Companies (collectively, “ Confidential
Information ”) are and will be the property of the Related Companies
(“Company Property”). Therefore, Executive agrees that he will not disclose to
any unauthorized Person or use for the account of himself or any other Person
any Company Property or Confidential Information without the prior written
consent of the Company (by the action of the Board), unless and to the extent
that such Company Property or Confidential Information has become generally
known to and available for use by the public other than as a result of
Executive’s improper acts or omissions to act, or is required to be disclosed by
law. Executive will deliver or cause to be delivered to the Company at, or
within two days of, the Termination Date, or at any other time the Company may
request, all memoranda, notes, plans, records, reports, computer tapes and
software and other documents and data (and copies thereof) containing or
relating to Company Property or Confidential Information or the business of any
Related Company which Executive may then possess or have under his
control.

      
        
           

        

        
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      (b)   This
Agreement imposes no obligation upon Executive with respect to data or
Information that: (a) was in employee’s possession before receipt from Company;
or (b) is or becomes available to the public through no fault of
Executive.  For the purposes of this section, information shall not be
deemed to be in the public domain merely because any part of said information is
embodied in general disclosures or because individual features, components or
combinations thereof are now, or become, known to the public, provided, however,
that the obligations of this section hereof shall not apply to any such part of
said information; or (c) is received in good faith by Executive from a third
party that legally possesses such Information and is not subject to an
obligation of confidentiality owed to the third party.  In the event
that Executive is required by judicial or administrative process to disclose
Information, it shall promptly notify the Company and allow the Company a
reasonable time to oppose such process.

      

      Section 7. Non-Compete,
Non-Solicitation.

      

      (a)  Non-Compete.
Executive acknowledges that during his employment relationship with, or through
his involvement as a consultant, contractor, representative, agent, officer,
director, partner, member or stockholder of, the Company, any of its
Subsidiaries, or any of their respective Affiliates or any predecessor thereof,
Executive has and will become familiar with trade secrets and Confidential
Information concerning such companies, and with investment opportunities
relating to their respective businesses, and that Executive’s services have been
and will be of special, unique and extraordinary value to the foregoing
entities. Therefore, Executive agrees that, during his employment with the
Company and for one year after the Termination Date (the “ Non-Compete Period
”), unless otherwise agreed to in writing by the Parties to this Agreement, he
will not, directly or indirectly, invest in, own, manage, operate, finance,
control, or participate in the ownership, management, operation, financing, or
control of, be employed by, render services to, or in any manner connected with
any business (in each case including on his own behalf or on behalf of another
Person), whose products, services or activities Compete  with the
products, services or activities of the Company or its Affiliates, as they now
exist or may exist during such one year period, anywhere within the United
States. For purposes of Section 7, an Executive will be deemed to Compete with
the Company if he directly or indirectly, invests in, owns, manages, operates,
finances, controls, or participates in the ownership, management, operation,
financing, or control of, is employed by, renders services to, or in any manner
works with any business that receives at least 20% of its revenue from the same
product class from which the Company receives at least 20% of its revenue.
However, that Executive may purchase or otherwise acquire up to (but not more
than) 2% of any class of securities of any enterprise (but without otherwise
directly or indirectly participating in the activities of such enterprise) if
such securities are listed on any national or regional securities exchange or
have been registered under Section 12(g) of the Securities Exchange Act of 1934.
Executive agrees that this covenant is reasonable with respect to its duration,
geographical area, and scope. By initialing in the space provided below,
Executive acknowledges that he has read carefully and had the opportunity to
consult with legal counsel regarding the provisions of this Section 7(a).
__/s/
RA_ [initial] .

      

      (b) Non-Solicitation.
During his employment with the Company and for one year thereafter, Executive
will not directly or indirectly

      

      (i)  induce or attempt to
induce any employee or independent contractor of the Company or any Subsidiary,
or their respective Affiliates to leave the employ or contracting relationship
with such entity, or in any way interfere with the relationship between any such
entity and any employee, or

      

      (ii)  induce or attempt to
induce any customer, supplier or other business relation of the Company or any
Subsidiary, or their respective Affiliates, to cease doing business with such
entity or in any way interfere with the relationship between any such customer,
supplier or other business relation and such entity. By initialing in the space
provided below,

      
        
           

        

        
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      Executive
acknowledges that he has read carefully and had the opportunity to consult with
legal counsel regarding the provisions of this Section 7(b). __/s/
RA_  [initial] .

      

      Section 8. Inventions
and Patents. Executive acknowledges that all inventions, innovations,
improvements, know how, plans, development, methods, designs, analyses,
specifications, software, drawings, reports and all similar or related
information (whether or not patentable or reduced to practice) which relate to
any of the Company’s actual or proposed business activities and which are
created, designed or conceived, developed or made by Executive during
Executive’s past or future employment by the Company, or any Subsidiary, or any
predecessor thereof (“
Work Product ”) belong to the Company, or its Subsidiaries, as
applicable. Any copyrightable work falling within the definition of Work Product
shall be deemed a “work made for hire” and ownership of all right title and
interest shall rest in the Company. Executive hereby irrevocably assigns,
transfers and conveys, to the full extent permitted by law, all right, title and
interest in the Work Product, on a worldwide basis, to the Company to the extent
ownership of any such rights does not automatically vest in the Company under
applicable law. Executive will promptly disclose any such Work Product to the
Company and perform all actions requested by the Company (whether during or
after employment) to establish and confirm ownership of such Work Product by the
Company (including without limitation, assignments, consents, powers of attorney
and other instruments.)

      

      Section 9. Enforcement.
The Company and Executive agree that if, at any time a court holds that anything
stated in any Section of this Agreement is unreasonable under circumstances then
existing, then the maximum period, scope or geographical area reasonable under
such circumstances will be substituted for the stated period, scope or area.
Because Executive’s services are unique and because Executive has access to
information of the type described in Sections 6, 7 and 8 hereof, the Company and
Executive agree that money damages would be an inadequate remedy for any breach
of Section 6, 7 or 8 hereof. Therefore, in the event of a breach of Section 6, 7
or 8 hereof, the Company and any Subsidiary thereof may, in addition to other
rights and remedies existing in their favor, apply to any court of competent
jurisdiction for specific performance and/or injunctive relief in order to
enforce, or prevent any violations of, the provisions of Section 6, 7 or 8
hereof. The provisions of Sections 6, 7 and 8 hereof are intended to be for the
benefit of the Company and any Subsidiary thereof and their respective
successors and assigns. Sections 6, 7 and 8 hereof will survive and continue in
full force in accordance with their terms notwithstanding any termination of the
Employment Period. By initialing in the space provided below, Executive
acknowledges that he has read carefully and had the opportunity to consult with
legal counsel regarding the provisions of this Section 9. __/s/ RA_ [initial] .

      

      Section 10. Representations
and Warranties of Executive. Executive represents and warrants to the
Company as follows:

      

      (a) Other Agreements.
Executive is not a party to or bound by any employment, non-compete,
non-solicitation, nondisclosure, confidentiality or similar agreement with any
other Person which would affect his performance under this Agreement other than
Executive’s prior agreement with his current employer.

      

      (b) Authorization. This
Agreement constitutes the valid and legally binding obligation of Executive,
enforceable against Executive in accordance with its terms.

      

      Section 11. Survival
of Representations and Warranties. All representations and warranties
contained herein will survive the execution and delivery of this
Agreement.

      

      Section 12. Certain
Definitions. When used herein, the following terms will have the
following meanings:

      

      “Affiliate” means, with respect to any
Person, any other Person that, directly or indirectly through one or more of its
intermediaries, controls, is controlled by or is under common control with such
Person.

      
        
           

        

        
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      “Board” means the Board of Directors of
the Company.

      

      “Business Day” means a day that is not
a Saturday, a Sunday or a statutory or civic holiday in the Commonwealth of
Kentucky or in Louisville, Kentucky.

      

      “Cause” has the meaning given in
Section 4(a).

      

      “Disability” means the failure by
Executive (by reason of accident, illness, incapacity or other disability as
determined by the Company) to perform his duties or fulfill his obligations
under this Agreement on a “full time” basis for a cumulative total of 180 days,
whether or not consecutive, within any 12-month period. The Company's
determination as to whether Executive has incurred a Disability shall be made in
good faith by the Board based on the opinion of a licensed physician selected by
the Company or its insurers.

      

      “Good Reason” has the meaning given in
Section 4(a).

      

      “Non-Compete Period” has the meaning
given in Section 7.

      

      “Person” means an individual, a
partnership, a corporation, an association, a limited liability company, a joint
stock company, a trust, a joint venture, an unincorporated organization or any
other entity (including any governmental entity or any department, agency or
political subdivision thereof).

      

      “Subsidiaries” means, with respect to
any Person, any corporation, limited liability company, partnership, association
or other business entity of which (i) if a corporation, a majority of the total
voting power of shares of stock entitled (without regard to the occurrence of
any contingency) to vote in the election of directors thereof is at the time
owned or controlled, directly or indirectly, by such Person or one or more of
the other Subsidiaries of such Person or a combination thereof, or (ii) if a
limited liability company, partnership, association or other business entity, a
majority of the partnership or other similar ownership interest thereof is at
the time owned or controlled, directly or indirectly, by any Person or one or
more Subsidiaries of such Person or entity or a combination thereof. For
purposes hereof, a Person or Persons will be deemed to have a majority ownership
interest in a limited liability company, partnership, association or other
business entity if such Person or Persons will be allocated a majority of
limited liability company, partnership, association or other business entity
gains or losses or will be or control any managing director, managing
member, or general partner of such limited liability company, partnership,
association or other business entity.

      

      “Termination Date” means the date on
which the Employment Period ends as determined by Section 4(a).

      

      “Without Cause” has the meaning given
in Section 4(a).

      

      Section 13.
Miscellaneous.

      

      (a)    Indemnification.  The
Company  will release, defend, indemnify and hold harmless the
Executive from and against any loss, debt, liability, damage, obligation, claim,
demand, judgment or settlement of any nature of kind, known or unknown,
liquidated or un-liquidated, of any third party, including without limitation
all reasonable litigation costs and attorney’s fees with respect to
Executive’s  actions while an employee with the Company.

      

      (b) Notices. All notices,
demands or other communications to be given or delivered by reason of the
provisions of this Agreement will be in writing and will be deemed to have been
given (i) on the date of personal delivery to the recipient or an officer of the
recipient, or (ii) when sent by telecopy or facsimile machine to the number
shown below on the date of such confirmed facsimile or telecopy transmission
(provided that a confirming copy is sent via overnight mail), or (iii) when
properly deposited for delivery by a nationally recognized commercial overnight
delivery service, prepaid, or by deposit in the United States mail, certified or
registered mail, postage prepaid, return receipt requested. Such notices,
demands and other communications will be sent to each party at the address
indicated for such party below:

       

      
        
           

        

        
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      Notices to Executive,
to:

      

      7775
240th St.
E

      Lakeville,
MN 55044

      

      Notices to the Company,
to:

      

      Lightyear
Network Solutions, Inc.

      1901
Eastpoint Parkway

      Louisville,
KY 40223

      Attn:
Legal Department

      

      with a copy (which will not
constitute notice to the Company) to :

      

      Frost
Brown Todd LLC

       400
West Market Street, 32
nd  Floor

      Louisville,
Kentucky 40202

      Attn:
James Giesel

      

      or to
such other address or to the attention of such other person as the recipient
party has specified by prior written notice to the sending party.

      

      (c) Consent to
Amendments. No modification, amendment or waiver of any provision of this
Agreement will be effective against any party hereto unless such modification,
amendment or waiver is approved in writing by such party. No other course of
dealing among the Company and Executive or any delay in exercising any rights
hereunder will operate as a waiver by any of the parties hereto of any rights
hereunder.

      

      (d) Successors and
Assigns. All covenants and agreements contained in this Agreement by or
on behalf of any of the parties hereto will bind and inure to the benefit of the
respective successors and assigns of the parties hereto whether so expressed or
not.

      

      (e) 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 prohibited by or invalid under applicable law,
such provision will be ineffective only to the extent of such prohibition or
invalidity, without invalidating the remainder of this Agreement.

      

      (f) Counterparts. This
Agreement may be executed simultaneously in two or more counterparts, any one of
which need not contain the signatures of more than one party, but all such
counterparts taken together will constitute one and the same
Agreement.

      

      (g) Descriptive Headings;
Interpretation. The descriptive headings of this Agreement are inserted
for convenience only and do not constitute a substantive part of this Agreement.
The use of the word “including” in this Agreement will be by way of example
rather than by limitation.

      

      (h) Governing Law. This
Agreement shall be interpreted, enforced and governed by the laws of the
Commonwealth of Kentucky. If, for any reason, any part(s) or language within any
part(s) of this Agreement shall be deemed invalid or unenforceable, all
remaining parts shall remain binding and in full force and effect.

      

      (i) Jurisdiction. Each of
the parties hereto (i) consents to submit itself to the personal jurisdiction of
any federal or state court located in Jefferson County, Kentucky in the event
any dispute arises out of this Agreement or any of the transactions contemplated
hereby, (ii) agrees that it will not attempt to deny or defeat such personal
jurisdiction by motion or other request for leave from any such court and (iii)
agrees that it will not bring any action relating to this Agreement or any of
the transactions contemplated hereby in any Court other than a federal or state
court sitting in Jefferson County, Kentucky, as applicable.

      
        
           

        

        
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      (j) Entire Agreement.
Except as otherwise expressly set forth in this Agreement, this Agreement and
the other agreements referred to in this Agreement embody the complete agreement
and understanding among the parties to this Agreement with respect to the
subject matter of this Agreement, and supersede and preempt any prior
understandings, agreements, or representations by or among the parties or their
predecessors, written or oral, which may have related to the subject matter of
this Agreement in any way.

      

      (k) Attorney’s Fees. In
the event that Company or Executive should bring suit against the other in
respect to any matters provided for in this Agreement, the prevailing party
shall be entitled to recover from the other party its reasonable attorney’s fees
and costs in connection with such suit.

      

      IN WITNESS WHEREOF, the
parties hereto have executed this Executive Employment Agreement as of the date
first written above.

       

      
        
          	 
      	
                  Lightyear
      Network Solutions, Inc.

                
	 
      	 
      
	 
      	
                  By:

                	
                    /s/   J. Sherman Henderson,
  III

                
	 
      	 
      	
                    Name:
      J. Sherman Henderson, III

                
	 
      	 
      	
                    Title:
      Chief Executive Officer

                
	 
      	 
      
	 
      	
                  EXECUTIVE

                
	 
      	 
      
	 
      	
                    /s/ Randy
  Ammon

                
	 
      	
                  Randy
      Ammon

                

        

      

       

      
        
           

        

        
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      EXHIBIT
A TO

      Randy
Ammon’s AGREEMENT

      

      
        	
                1.

              	
                Salary:
      $125,000 per year.

              

      

      

      
        	
                2.

              	
                Bonus
      - TBD

              

      

      

      
        	
                3.

              	
                If
      and when the Lightyear Stock Incentive plan is adopted by the Board of
      Directors of Lightyear and all other necessary approvals are obtained, it
      is expected that you will granted options/warrants to purchase 125,000
      shares of Lightyear Common Stock at the same price offered to others
      executives of the Company.

              

      

       

      
        
           

        

        
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      EXHIBIT
B

      

      FORM
OF RELEASE AGREEMENT

      

      This Release Agreement (this “Agreement”)
constitutes the release referred to in that certain Executive Employment
Agreement (the “Employment
Agreement”) dated
as of April 29, 2010, by and between Randy Ammon  (“Employee
”) and Lightyear Network Solutions, Inc. (the “Company
”).

      

      In consideration of the benefits set
forth in the Employment Agreement, Employee hereby settles, waives, releases and
discharges any and all claims, demands, actions or causes of actions, known or
unknown, which Employee has or may have against the Company, its subsidiaries,
affiliates, partners, directors, officers, shareholders, agents or
employees.

      

      Employee expressly acknowledges that
the Agreement includes consideration for the settlement, waiver, release and
discharge of any and all claims or actions arising from Employee’s employment,
the terms and conditions of Employee’s employment or Employee’s separation from
employment with the Company, including claims of employment discrimination,
wrongful termination or any claim arising under express or implied contract,
tort, public policy, common law or any federal, state or local statute,
ordinance, regulation or constitutional provision, including but not limited to
the Age Discrimination in Employment Act, as amended to include the Older
Workers Benefit Protection Act.

      

      Employee hereby acknowledges that
Employee has been advised to consult an attorney regarding any rights Employee
may have under the Age Discrimination in Employment Act and that Employee has
been given at least 21 days to consider the terms of this Agreement. Employee
further acknowledges that Employee has also been advised that Employee may
revoke this Agreement by advising the Company in writing of their desire to
revoke within seven (7) days after the execution of this Agreement. Upon
expiration of the seven (7) day period, this Agreement becomes irrevocable. In
addition, in the event that Employee accepts and negotiates the check tendered
with this Agreement prior to the deadlines set forth above, this Agreement
becomes irrevocable.

      

      Employee recognize that by signing this
Release Agreement, Employee may be giving up some claim, demand or cause of
action, which Employee now has or may have, of which Employee may be unaware.
Employee also acknowledges that Employee is giving up any right to seek
reemployment with the Company.

      

      Employee agrees that Employee will keep
the terms and conditions of this Agreement confidential and that Employee shall
not disclose such terms to anyone, either within or outside the Company, except
their attorney, spouse, accountant and/or financial advisor. In addition, by
signing this Agreement Employee acknowledges that while employed with the
Company Employee was exposed to confidential information including but not
limited to information regarding employees and agents of the Company and
information regarding the Company’s policies and procedures all of which is
confidential in nature. Employee agrees that Employee will not disclose any such
information to any person or entity at any time for any reason. Employee
understands further that disclosure of any such information will constitute a
breach of this Agreement and that the Company will have the right to pursue any
and all remedies to which it may be entitled as a result of that breach. If the
Company prevails in pursuing an action for breach of this Agreement against
Employee, in addition to damages, Employee agrees to pay all costs incurred by
the Company associated with any such action, including legal fees and
costs.

      

      It is understood that this Release
Agreement shall in no way affect any claims Employee may have under laws
relating to social security or unemployment benefits.

      

      This Release Agreement will be governed
by the laws of the Commonwealth of Kentucky.

       

      
        
           

        

        
          10 |
Page

          
            

          

        

        
           

        

      

       

      Employee
acknowledges that Employee has read and fully understands all of the provisions
of this Release Agreement and that Employee is entering into this Agreement
freely and voluntarily.

      

           Executed
on this ___________ day of _____________, _______.

      

           _________________________________

            Name:

      
        	 
      	 
      	 
      	 
      
	
                     

              	
                STATE OF
      ____________________

              	 
      	
                §

              
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                §

              
	 
      	 
      	 
      	 
      
	 
      	
                COUNTY OF
      __________________

              	 
      	
                §

              

      

      

      BEFORE
ME, the undersigned authority personally appeared ______________, by me known or
who produced valid identification as described below, who executed the foregoing
instrument and acknowledged before me that he subscribed to such instrument on
this _____ day of ______________, ________.

      

      _____________________________________

      NOTARY
PUBLIC in and for the

      State of
___________________

      

      My
Commission Expires: __________________

       

      Identification
produced:

      
        
           

        

        
          11 |
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