Document:

Exhibit

Exhibit 10.1

AIRCRAFT TIME-SHARING AGREEMENT

This AIRCRAFT TIME-SHARING AGREEMENT (“Agreement”) dated as of February 27, 2019 (the “Effective Date”) is between CHEVRON U.S.A. INC., a Pennsylvania corporation, with offices at 6001 Bollinger Canyon Rd., San Ramon, CA, 94583 (“Lessor”), and MICHAEL K. WIRTH, whose address is 6001 Bollinger Canyon Rd., San Ramon, CA, 94583 (“Lessee”). Lessor and Lessee will be referred to individually as a “Party” and collectively as the “Parties.”

RECITALS

		
	A.
	Lessor has the right of possession of the aircraft, equipped with engines and components as described in Exhibit A - Leased Aircraft Subject to the Time-Sharing Agreement, attached and made a part of this Agreement, (the “Aircraft”).

		
	B.
	Lessor employs a fully qualified flight crew to operate the Aircraft.

		
	C.
	To provide for the safety and security of Lessee in his capacity as Lessor’s Chairman and Chief Executive Officer and to maximize Lessee’s ability to carry out the responsibilities of his position, Lessor has determined it is appropriate for Lessor to make the Aircraft available to Lessee for his personal use, subject to the terms and conditions set forth in this Agreement.

		
	D.
	Lessor therefore desires to provide to Lessee, and Lessee desires to have the use of the Aircraft with flight crew on a non-exclusive time-sharing basis, as defined in section 91.501(c)(1) of the Federal Aviation Administration (“FAA”) regulations.

		
	E.
	This Agreement sets forth the understanding of the Parties as to the terms under which Lessor may provide Lessee with the use, on a periodic basis, of the Aircraft, currently operated by Lessor.

		
	F.
	The use of the Aircraft under this Agreement will at all times be pursuant to and in full compliance with the requirements of sections 91.501(b)(6), 91.501(c)(1), and 91.501(d) of the FAA regulations.

AGREEMENT
		
	1.
	USE OF AIRCRAFT

		
	1.1
	Lessee may use the Aircraft from time to time, with Lessor’s permission and approval, for any and all lawful purposes allowed by FAA regulations at such times as the Lessor does not require the use of the Aircraft.

		
	1.2
	Lessee represents, warrants, and covenants to Lessor that:

		
	(A)
	Lessee shall use the Aircraft for his personal use and shall not use the Aircraft for the purposes of providing transportation of passengers or cargo in air commerce for compensation or hire and shall not accept any reimbursement from a passenger or otherwise for charges for air transportation of passengers or cargo under this Agreement;

		
	(B)
	Lessee shall refrain from incurring any mechanics lien or other lien in connection with inspection, preventative maintenance, maintenance or storage of the Aircraft, whether permissible or impermissible under this Agreement, and Lessee shall not attempt to convey, mortgage, assign, lease or any way alienate the Aircraft or create any kind of lien or security interest involving the Aircraft or do anything or take any action that might mature into a lien;

		
	(C)
	During the term of this Agreement, Lessee shall abide by and conform to all such laws, governmental, and airport orders, rules, and regulations that are in effect from time to time relating in any way to the operation and use of the Aircraft by a time-sharing lessee.

		
	1.3
	Lessee shall provide Lessor with notice of his desire to use the Aircraft and proposed flight schedules as far in advance of any given flight as possible, and in any case, in advance of Lessee’s planned departure. Requests for flight time will be in a form, whether written or oral, mutually convenient to and agreed upon by the Parties. In addition to the proposed schedules and flight times Lessee shall provide at least the following information for each proposed flight at some time prior to scheduled departure as required by the Lessor or Lessor’s flight crew:

		
	(A)
	Proposed departure point;

		
	(B)
	Destination;

		
	(C)
	Date and time of flight;

		
	(D)
	The number and identity of anticipated passengers and relationship to the Lessee;

		
	(E)
	The date and time of return flight, if any;

		
	(F)
	For international trips, passport information and Customs-required information for all passengers; and

		
	(G)
	Any other information concerning the proposed flight that may be pertinent or required by Lessor or Lessor’s flight crew, including whether Lessee requests any food and beverages, passenger ground transportation, or access to airline lounges. 

		
	1.4
	Lessor shall notify Lessee as to whether the requested use of the Aircraft can be accommodated and, if not, the Parties shall discuss alternatives.

		
	1.5
	The Lessor’s use of the Aircraft will take precedence over Lessee’s use.

		
	1.6
	Any maintenance and inspection of the Aircraft takes precedence over scheduling of the Aircraft. However, the Lessor may, but is not obligated to, permit Lessee to use the Aircraft if such maintenance or inspection can be safely deferred in accordance with applicable laws and regulations and the Pilot in Command agrees the flight can be conducted safely.

		
	1.7
	Lessor has and will maintain sole and exclusive authority over the scheduling of Lessee’s use of the Aircraft. Notwithstanding any other contrary provision in this Agreement, Lessee acknowledges and agrees that Lessor will be entering into other leases with other persons and entities, and as a consequence, Lessor shall generally provide the Aircraft to Lessee under this Agreement and other persons and entities under other leases on a first-come, first-served basis or otherwise in Lessor’s sole discretion and that Lessor will in no event be in violation of this Agreement for providing the Aircraft to such other persons or entities at a time when Lessee desires to use the Aircraft pursuant to this Agreement.

		
	1.8
	Lessor has the right to add or substitute aircraft of similar type, quality, and equipment, and to remove aircraft from the fleet, from time to time during the term of this Agreement. Upon each such change in the Aircraft, Lessor shall send to Lessee a revised Exhibit A - Leased Aircraft Subject to the Time-Sharing Agreement.

		
	1.9
	Lessor shall not be liable to Lessee or any other person for loss, injury, or damage occasioned by the delay or failure to furnish the Aircraft and crew pursuant to this Agreement for any reason.

		
	2.
	TERM AND TERMINATION

		
	2.1
	Term. This Agreement is effective from the Effective Date and terminates as provided in Section 2.2 (Termination) of this Agreement. 

		
	2.2
	Termination. Either Party may terminate this Agreement for any reason upon written notice to the other, such termination to become effective 30 days from the date of the notice; provided that this Agreement may be terminated on such shorter notice with respect to any Aircraft as may be required to comply with applicable laws, regulations, the requirements of any financial institution with a security or other interest in such Aircraft, insurance requirements, in the event the insurance required under this Agreement is not in full force and effect or if Lessor sells or transfers such Aircraft.

		
	3.
	AIRCRAFT MAINTENANCE AND OPERATION

		
	3.1
	Maintenance. Lessor, at its own cost and expense, will service, maintain, and repair the Aircraft in compliance with all maintenance standards of the Aircraft and all requirements of Part 91 of the FAA regulations. Each Aircraft will remain in good operating condition and in a condition consistent with its airworthiness certification, including all FAA-issued airworthiness directives and mandatory service bulletins.

		
	3.2
	Operational Control. The parties expressly agree that Lessor must have and maintain operational control of the Aircraft for all flights operated under this Agreement, and that the intent of the Parties is that this Agreement constitutes a “Time-Sharing Agreement” as such term is defined in section 91.501(c)(1) of the FAA regulations. Lessor will be responsible for the physical and technical operation of the Aircraft and the safe operation of all flights and will exercise exclusive authority over initiating, conducting, or terminating any flight conducted on behalf of Lessee pursuant to this Agreement.

		
	3.3
	Identification of Chargeable Costs and Expenses.  Lessor is responsible for identifying and calculating all costs and expenses relating to: (A) food and beverages (including alcoholic beverages) provided in flight), (B) ground transportation for passengers if requested, (C) weather information at the destination, and (D) any ground transportation, hotel accommodations or other travel expenses of the pilot and crew. Lessor may charge Lessee for any such expenses, in accordance with Sections 5.1 (Flight Charges) and 5.2 (Invoices and Payments) of this Agreement.

		
	3.4
	Authority of the Pilot in Command. The Pilot in Command has absolute discretion in all matters concerning the preparation of the Aircraft for flight and the flight itself, the load carried and its distribution, the decision whether a flight will be undertaken, the route to be flown, the place where landings will be made and all other matters relating to operation of the Aircraft. Lessee specifically agrees that the flight crew has final and complete authority to delay or cancel any flight for any reason or condition which, in sole judgment of the Pilot in Command, could compromise the safety of the flight and to take any other action which, in the sole judgment of the Pilot in Command, is necessitated by considerations of safety. No such action of the Pilot in Command shall create or support any liability to Lessee or any other person for loss, injury, damages or delay.

		
	3.5
	Flight Crew. Lessor is responsible for providing a qualified flight crew for all flight operations under this Agreement who must be qualified and possess ratings required by the FAA to operate the aircraft and are responsible for operating the aircraft within applicable FAA regulations and Lessor’s policies.

		
	3.6
	Base of Operations. For purposes of this Agreement, the permanent base of operation of the Aircraft will be Oakland International Airport, Oakland, California.

		
	4.
	TIME-SHARING ARRANGEMENT

		
	4.1
	It is intended that this Agreement is and will meet the requirements of a “Time-Sharing Agreement” as that term is defined in section 91.501(c)(1) of the FAA regulations under which Lessor will lease the Aircraft and flight crew to Lessee.

		
	5.
	REIMBURSEMENT

		
	5.1
	Flight Charges. Where applicable, Lessee may reimburse Lessor for each flight conducted under this Agreement the actual expenses of each specific flight as authorized by FAA regulation Part 91.501(d) and invoiced by Lessor pursuant to Section 5.2 (Invoices and Payment) of this Agreement.  These expenses may and must only include:

		
	(A)
	Fuel, oil, lubricants, and other additives;

		
	(B)
	Travel expenses of the crew, including food, lodging, and ground transportation;

		
	(C)
	Hangar and tie-down costs away from the Aircraft’s base of operations;

		
	(D)
	Insurance obtained for the specific flight;

		
	(E)
	Landing fees, airport taxes, and similar assessments;

		
	(F)
	Customs, foreign permit, and similar fees directly related to the flight;

		
	(G)
	In flight food and beverages;

		
	(H)
	Passenger ground transportation;

		
	(I)
	Flight planning and weather contract services; and

		
	(J)
	An additional charge equal to 100% of the expenses listed in Section 5.1(A) (Flight Charges) of this Agreement.

		
	5.2
	Invoices and Payment. Lessor will initially pay all expenses related to the operation of the Aircraft in the ordinary course. For each flight operated under this Agreement for which Lessor seeks reimbursement, Lessor shall provide an invoice to Lessee for the certain or all of the charges listed in Section 5.1 of this Agreement (Flight Charges) within 90 days after the completion of each such flight. If Lessor seeks reimbursement, Lessee shall pay the full amount of such invoice, together with any applicable taxes and any segment and landing fees associated with such flight(s) under Section 6 (Taxes) of this Agreement, to Lessor within 30 days after receipt of the invoice. In the event Lessor has not received a supplier invoice for reimbursable charges relating to such flight prior to such invoicing, Lessor shall issue a supplemental invoice for such charges to Lessee within 30 days of the date of receipt of the supplier invoice, and Lessee shall pay such supplemental invoice amount within 30 days after receipt. Lessee shall further pay all costs incurred by Lessor in collecting any amounts due from Lessee pursuant to the provisions of this Section 5 (Reimbursement) after delinquency, including court costs and reasonable attorneys’ fees.

		
	6.
	TAXES 

		
	6.1
	In addition to the rental rate referenced in Section 5.1 (Flight Charges) of this Agreement, Lessee shall pay or reimburse Lessor applicable tax which may be levied or assessed on a payment or use hereunder upon notice and request of Lessor (although any such taxes shall be imposed only to the extent that the payment relates to taxable air transportation provided to Lessee). 

		
	7.
	INSURANCE AND LIMITATION OF LIABILITY

		
	7.1
	Representation. Lessor represents that the flight operations for the Aircraft as contemplated in this Agreement will be covered by the Lessor’s (or the Lessor’s 100% wholly owned subsidiary’s), aircraft bodily injury and property damage liability insurance, passenger, pilot and crew voluntary settlement insurance, and statutory workers compensation and employers’ liability insurance.

		
	7.2
	Insurance. Lessor will maintain or cause to be maintained in full force and effect throughout the term of this Agreement aircraft liability insurance in respect of the Aircraft in an amount at least equal to $100 million combined single limit for bodily injury to or death of persons (including passengers) and property damage liability. Lessor will retain all rights and benefits with respect to the proceeds payable under policies of insurance maintained by Lessor (or the Lessor’s 100% wholly owned subsidiary) that may be payable as a result of any incident or occurrence while an Aircraft is being operated on behalf of Lessee under this Agreement.

		
	7.3
	Liabilities.

		
	(A)
	In no event shall Lessor be liable to Lessee or its family members, employees, agents, representatives, guests, or invitees for any claims or liabilities, including property damage or injury and death, and expenses, including attorneys’ fees, in excess of the amount paid by Lessor’s insurance carrier in the event of such loss.

		
	(B)
	In no event shall Lessor be liable to Lessee or its family members, employees, agents, representatives, guests, or invitees for any indirect, special, or consequential damages and/or punitive damages of any kind or nature under any circumstances or for any reason including any delay or failure to furnish the Aircraft and flight crew pursuant to this Agreement or occasioned by the performance or non-performance of any services covered by this Agreement.

		
	7.4
	Survival. This Section 7 (Insurance and Limitation of Liability) will survive the termination of this Agreement.

		
	8.
	NO WARRANTY

		
	8.1
	NEITHER LESSOR (NOR ITS AFFILIATES) MAKES, HAS MADE OR WILL BE DEEMED TO MAKE OR HAVE MADE: ANY WARRANTY OR REPRESENTATION, EITHER EXPRESS OR IMPLIED, WRITTEN OR ORAL, WITH RESPECT TO ANY AIRCRAFT TO BE USED UNDER THIS AGREEMENT OR ANY ENGINE OR COMPONENT OF ANY AIRCRAFT INCLUDING, WITHOUT LIMITATION, ANY WARRANTY AS TO DESIGN, COMPLIANCE WITH SPECIFICATIONS, QUALITY OF MATERIALS OR WORKMANSHIP, MERCHANTABILITY, FITNESS FOR ANY PURPOSE, USE OR OPERATION, AIRWORTHINESS, SAFETY, INTELLECTUAL PROPERTY INFRINGEMENT OR TITLE.

		
	9.
	GOVERNING LAW AND DISPUTE RESOLUTION

		
	9.1
	Dispute Resolution. This Agreement is governed by and interpreted under the laws of the State of California, without regard to its choice of law rules, except that the rules of the Federal Arbitration Act, 9 USC §§1-16 (the “Act”) govern this Section 9 (Governing Law and Dispute Resolution). If any dispute arises out of this Agreement, and if the dispute cannot be resolved by direct negotiations, either Party may initiate confidential mediation by giving notice to the other. If the Parties fail to resolve the dispute within 60 days from notice of mediation, the dispute must be finally resolved by binding, confidential arbitration in accordance with this Section 9 (Governing Law and Dispute Resolution), and either Party may initiate arbitration by giving notice to the other Party. The place of mediation and arbitration will be San Francisco, California. One arbitrator will conduct the proceedings in accordance with the International Institute for Conflict Prevention and Resolution 

(“CPR”) Rules. The arbitrator has the exclusive power to rule on its own jurisdiction, including the existence or validity of the arbitration agreement. The Parties waive irrevocably their right to any form of appeal, review, or recourse from the final arbitration award to any court or other competent authority to the extent such waiver may be validly made, except that proceedings to (A) preserve property or seek injunctive relief or (B) enforce an award under this Section 9 (Governing Law and Dispute Resolution) may be brought in any court of competent jurisdiction in San Francisco, California.
		
	10.
	COUNTERPARTS

		
	10.1
	This Agreement may be executed in one or more counterparts, each of which will be deemed an original, and all of which together shall constitute one and the same agreement.

		
	11.
	NOTICES AND COMMUNICATIONS

		
	11.1
	All notices under this Agreement (except for notices made purely for flight scheduling, which are governed by the provisions of Section 1.3 of this Agreement) must be delivered by hand, sent by reputable guaranteed overnight delivery service, sent by first-class United States mail, certified, postage prepaid, return receipt requested, or sent by e-mail to the addresses of the parties set forth below:

If to Lessor:     Chevron U.S.A., Inc.
6001 Bollinger Canyon Rd., San Ramon, CA, 94583
Attention: Manager, Corporate Aviation Services
E-mail: LMedlin@chevron.com

If to Lessee:     Michael K. Wirth
6001 Bollinger Canyon Rd. San Ramon, CA 94583
E-mail: MKWirth@chevron.com

		
	11.2
	Notice will be deemed given when delivered or sent in the manner provided in this Section 11 (Notices and Communications). At any time, either Party may change its address for purposes of notices under this Agreement by giving notice to the other Party in accordance herewith.

		
	12.
	FURTHER ACTS

		
	12.1
	Lessor and Lessee shall from time to time perform such other and further acts and execute such other and further instruments as may be required by law or may be reasonably necessary to: (A) carry out the intent and purpose of this Agreement and (B) establish, maintain and protect the respective rights and remedies of the other Party.

		
	13.
	SUCCESSORS AND ASSIGNS

		
	13.1
	Neither this Agreement nor any Party’s interest in this Agreement may be assignable to any other party whatsoever, except that Lessor may assign its interest without the consent of the Lessee to an affiliate or any person that assumes the associated assets of the Lessor under a reorganization, merger, consolidation, or asset sale. This Agreement will inure to the benefit of and be binding upon the Parties, their heirs, representatives and successors.

		
	14.
	SEVERABILITY

		
	14.1
	If any one or more of the provisions of this Agreement are for any reason held to be invalid, illegal, or unenforceable, those provisions will be replaced by provisions acceptable to both Parties to this Agreement.

		
	15.
	RIGHT OF POSSESSION

		
	15.1
	Lessor has the right of possession to the Aircraft described in Exhibit A - Leased Aircraft Subject to Time-Sharing Agreement as owner of the Aircraft. Nothing in this Agreement constitutes a transfer of Lessor’s possessory rights to the Aircraft.

		
	16.
	INSTRUCTIONS FOR COMPLIANCE WITH TRUTH IN LEASING REQUIREMENTS

		
	16.1
	Lessor shall provide a copy of this Agreement for and on behalf of both Parties to: Federal Aviation Administration, Aircraft Registration Branch, Attention: Technical Section, P.O. Box 25724, Oklahoma City, Oklahoma 73125, within 24 hours of its execution, as provided by section 91.23(c)(1) of the FAA regulations.

		
	16.2
	At least 48 hours before the first flight under this Agreement, Lessor shall, for and on behalf of Lessee comply with the notification requirements of section 91.23(c)(3) of the FAA regulations by notifying the Oakland FAA Flight Standards District Office, by telephone at (510) 748-0122, or in person at 1420 Harbor Bay Parkway, Suite 280, Alameda, CA 94502, of:

		
	(A)
	The location of the airport of departure;

		
	(B)
	The departure time; and

		
	(C)
	The registration number of the Aircraft.

		
	16.3
	A copy of this Agreement must be carried on the Aircraft at all times and must be made available for inspection upon request by an appropriately constituted and identified representative of the Administrator of the FAA.

		
	17.
	TRUTH IN LEASING DISCLOSURES

		
	17.1
	LESSOR CERTIFIES THAT EACH AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED WITHIN THE TWELVE (12) MONTH PERIOD PRECEDING THE EFFECTIVE DATE OF THIS AGREEMENT IN ACCORDANCE WITH THE REQUIREMENTS OF PART 91 OF THE FAA REGULATIONS.

		
	17.2
	THE PARTIES HERETO CERTIFY DURING THE TERM OF THIS AGREEMENT AND FOR ALL OPERATIONS CONDUCTED HEREUNDER, THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED IN ACCORDANCE WITH THE REQUIREMENTS OF PART 91 OF THE FAA REGULATIONS.

		
	17.3
	LESSOR, CHEVRON U.S.A. INC., WHOSE ADDRESS APPEARS IN SECTION 11 (NOTICES AND COMMUNICATIONS) ABOVE AND WHOSE AUTHORIZED SIGNATURE APPEARS BELOW, MUST HAVE AND RETAIN OPERATIONAL CONTROL OF THE AIRCRAFT DURING ALL OPERATIONS CONDUCTED PURSUANT TO THIS AGREEMENT. EACH PARTY IN THIS AGREEMENT CERTIFIES THAT IT UNDERSTANDS THE EXTENT OF ITS RESPONSIBILITIES SET FORTH IN THIS AGREEMENT FOR COMPLIANCE WITH APPLICABLE FAA REGULATIONS.

		
	17.4
	THE PARTIES UNDERSTAND THAT AN EXPLANATION OF FACTORS AND PERTINENT FAA REGULATIONS BEARING ON OPERATIONAL CONTROL CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE.

	
					
	The Parties have each caused this Agreement to be duly executed as of the date indicated below their signature.

	 
	 
	 

	LESSOR: CHEVRON U.S.A. INC.
	 
	LESSEE: MICHAEL K. WIRTH

	 
	 
	 

	Signature:
	 
	Signature:

	 
	 
	 

	/s/ Kari H. Endries
	 
	/s/ M. K. Wirth

	Date:
	February 27, 2019
	 
	Date:
	February 26, 2019

	Name:
	Kari H. Endries
	 
	Title:
	Chairman and Chief Executive Officer

	Title:
	Vice President and Secretary
	 
	 
	 

	 
	 
	 
	 
	 

	
				
	 

EXHIBIT A - LEASED AIRCRAFT SUBJECT TO TIME-SHARING AGREEMENT
The “Aircraft” listed in this Exhibit A are subject to this Agreement, however pursuant to Section 1.8, Lessor has the right to add or substitute aircraft of similar type, quality, and equipment, and to remove aircraft from the fleet, from time to time during the term of this Agreement. 
  
	
		
	Aircraft Manufacturer
	Gulfstream Aerospace 

	Model:
	GVI (G650ER)

	Manufacturer’s Serial Number:
	6346

	FAA Registration Number:
	N1895T

	Make & Model of Engines:
	Rolls-Royce - BR725A1-12

	Engine Serial Numbers:
	25803 - Left SN
25802 - Right SN

	Aircraft Manufacturer
	Gulfstream Aerospace 

	Model:
	GVI (G650ER)

	Manufacturer’s Serial Number:
	6257

	FAA Registration Number:
	N1901G

	Make & Model of Engines:
	Rolls-Royce - BR725A1-12

	Engine Serial Numbers:
	25625 - Left SN
25624 - Right SN

	
		
	Aircraft Manufacturer
	Gulfstream Aerospace 

	Model:
	GV-SP (G550)

	Manufacturer’s Serial Number:
	5199

	FAA Registration Number:
	N443M

	Make & Model of Engines:
	Rolls-Royce - BR700-710C411

	Engine Serial Numbers:
	15501 - Left SN
15504 - Right SN

	 
	 

	Aircraft Manufacturer
	Gulfstream Aerospace 

	Model:
	GV-SP (G550)

	Manufacturer’s Serial Number:
	5386

	FAA Registration Number:
	N5092

	Make & Model of Engines:
	Rolls-Royce - BR700-710C411

	Engine Serial Numbers:
	15889 - Left SN
15890 - Right SN

A-1Exhibit 10.2 Amendment No.5 to Credit Agreement

		
			Exhibit 10.2
		

		
			﻿
		

		
			AMENDMENT NO. 5 TO CREDIT AGREEMENT
		

		
			﻿
		

		
			This is AMENDMENT NO. 5 TO THE CREDIT AGREEMENT, dated as of April 26, 2019 (this “Agreement”).  Reference is made to that certain First Amended and Restated Credit Agreement, dated as of February 27, 2017, by and among Frontier Communications Corporation, a Delaware corporation (the “Borrower”), the several Lenders from time to time party thereto (the “Lenders”), JPMORGAN CHASE BANK, N.A., as Administrative Agent (the “Administrative Agent”) and the various other parties thereto (as amended by that certain Amendment No. 1, dated as of March 27, 2017, by that certain Increase Joinder No. 1, dated as of June 15, 2017, by that certain Amendment No. 2, dated as of January 25, 2018, by that certain Consent and Amendment No. 3 to Credit Agreement, dated as of July 3, 2018, by that certain Increase Joinder No. 2, dated as of July 3, 2018, and by that certain Amendment No. 4, dated as of March 15, 2019 and as further amended, restated, amended and restated, modified and supplemented from time to time prior to the date hereof, the “Credit Agreement”, and the Credit Agreement, as amended by this Agreement, the “Amended Credit Agreement”).  Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Amended Credit Agreement.
		

		
			﻿
		

		
			WHEREAS, pursuant to Section 2.18 of the Credit Agreement, pursuant to any Pro Rata Extension Offer, the Borrower is permitted to consummate transactions with Lenders of a Class to extend the maturity date of such Lenders’ Loans or Commitments and to otherwise modify the terms of such Loans or Commitments;
		

		
			WHEREAS, (i) JPMorgan Chase Bank, N.A. (in such capacity, the “Extending 2022 Revolving Lender”) holds 100% of the 2022 Revolving Commitments under the Revolving Facility and has agreed to extend the maturity date of its 2022 Revolving Commitments in accordance with and subject to the terms set forth herein and (ii) upon the Amendment No. 5 Effective Date, the 2022 Revolving Commitments and 2022 Revolving Loans will be automatically converted to 2024 Revolving Commitments and 2024 Revolving Loans, respectively, and will constitute a single Class with the 2024 Revolving Commitments (the “Existing 2024 Revolving Commitments”) and 2024 Revolving Loans (the “Existing 2024 Revolving Loans”), respectively, outstanding immediately prior to the Amendment No. 5 Effective Date; and 
		

		
			WHEREAS, pursuant to Section 2.18(a) of the Credit Agreement, the Administrative Agent in its reasonable discretion has waived the requirement that the Borrower deliver notice to the Administrative agent not less than ten (10) Business Days prior to the proposed date of funding of Extended Loans pursuant to a Pro Rata Extension Offer. 
		

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

		
			Section 1.Extension of 2022 Revolving Commitments.  
		

		 

		

			 

		

 

			
	
			
				 (a)
			The Extending 2022 Revolving Lender, by executing its signature page to this Agreement and delivering such signature page to the Administrative Agent, agrees to extend and reclassify all of its (i) 2022 Revolving Commitments to 2024 Revolving Commitments and (ii) 2022 Revolving Loans to 2024 Revolving Loans, in each case, upon the Amendment No. 5 Effective Date.

			
	
			
				 (b)
			As of the Amendment No. 5 Effective Date, the Extending 2022 Revolving Lender shall have (i) its entire 2022 Revolving Commitment automatically reclassified as a 2024 Revolving Commitment (the “New 2024 Revolving Commitment”) and (ii) all of its 2022 Revolving Loans reclassified as 2024 Revolving Loans (the “New 2024 Revolving Loans”), in each case, having terms and provisions identical to those applicable to the Existing 2024 Revolving Commitments or the Existing 2024 Revolving Loans, as applicable.  

			
	
			
				 (c)
			Notwithstanding anything to the contrary contained herein or in the Amended Credit Agreement, from and after the Amendment No. 5 Effective Date, (i) the New 2024 Revolving Commitments and the Existing 2024 Revolving Commitments shall constitute a single Class of 2024 Revolving Commitments and (ii) the New 2024 Revolving Loans and the Existing 2024 Revolving Loans shall constitute a single Class of 2024 Revolving Loans, in each case, for all purposes under the Amended Credit Agreement. 

		
			Section 2.Amendments.  
		

		
			(a)Section 1.01 of the Credit Agreement is hereby amended to replace the definition of “2022 Revolving Commitment” in its entirety with the following: 
		

		
			“2022 Revolving Commitment” means, with respect to each Non-Extending Revolving Lender, the commitment to make 2022 Revolving Loans and to acquire participations in Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s 2022 Revolving Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 or increased from time to time pursuant to Section 2.21 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.  The amount of each Lender’s 2022 Revolving Commitment is set forth on Schedule 1 under the heading “2022 Revolving Commitments” or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment, as applicable.  Immediately following the Amendment No. 5 Effective Date, the aggregate amount of outstanding 2022 Revolving Commitments and 2022 Revolving Loans shall be $0. 
		

		
			(b)Section 1.01 of the Credit Agreement is hereby amended to replace the definition of “2024 Revolving Commitment” in its entirety with the following: 
		

		
			“2024 Revolving Commitment” means, with respect to each Revolving Lender, the commitment to make 2024 Revolving Loans and to acquire participations in Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s 2024 Revolving Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 or 
		

		 

		

			2

		

 

		increased from time to time pursuant to Section 2.21 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.  The amount of each Lender’s 2024 Revolving Commitment is set forth on Schedule 1 under the heading “2024 Revolving Commitments” or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment, as applicable.  The aggregate amount of 2024 Revolving Commitments of all Revolving Lenders shall be $850,000,000.00 immediately following the Amendment No. 5 Effective Date. 
		

		
			(c)Section 1.01 of the Credit Agreement is hereby amended to replace the definition of “2024 Revolving Facility” in its entirety with the following: 
		

		
			“2024 Revolving Facility” means the 2024 Revolving Commitments and the extensions of credit made hereunder by the Revolving Lenders.
		

			
	
			
				 (d)
			Section 1.01 of the Credit Agreement is hereby amended to add the following new definitions in appropriate alphabetical order: 

		
			“Amendment No. 5” shall mean that certain Amendment No. 5 to Credit Agreement, dated as of April 26, 2019 by and among the Loan Parties party thereto, the Lender party thereto, and the Administrative Agent.
		

		
			“Amendment No. 5 Effective Date” shall have the meaning assigned to such term in Amendment No. 5.
		

			
	
			
				 (e)
			Schedule 1 to the Credit Agreement is, effective as of the Amendment No. 5 Effective Date, hereby amended and restated in its entirety in the form of Schedule 1 hereto.

		
			Section 3.Representations and Warranties, No Default.  The Borrower hereby represents and warrants that as of the Amendment No. 5 Effective Date, (i) after giving effect to the amendments set forth in Section 2 of this Agreement, no Default or Event of Default shall have occurred and be continuing or would result therefrom and (ii) each of the representations and warranties made by the Borrower set forth in Article III of the Credit Agreement or in any other Loan Document are true and correct in all material respects on and as of the Amendment No. 5 Effective Date (except to the extent such representations and warranties expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, and, to the extent such representations and warranties are qualified as to materiality, Material Adverse Effect or similar language, such representations shall be true and correct in all respects).
		

		
			Section 4.Effectiveness.  Sections 1 and 2 of this Agreement shall become effective on the date (such date, if any, the “Amendment No. 5 Effective Date”) that the following conditions have been satisfied:
		

		
			(a)Executed Counterparts. The Administrative Agent shall have received from the Borrower, each other Loan Party, the Administrative Agent and the Extending 2022 Revolving Lender (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence reasonably satisfactory to the Administrative Agent (which may include electronic transmission 
		

		 

		

			3

		

 

		of a signed signature page to this Agreement) that such party has signed a counterpart of this Agreement;
		

		
			(b)Officer’s Certificate. The Administrative Agent shall have received a certificate of a Financial Officer of the Borrower confirming compliance with the conditions set forth in Sections 4(e) and (f) below;
		

		
			(c)Reserved.
		

		
			(d)Reserved.
		

		
			(e)Representations and Warranties. The representations and warranties in Article III of the Credit Agreement shall be true and correct in all material respects as of the Amendment No. 5 Effective Date (except in the case of any such representations and warranty that expressly relates to an earlier given date or period, in which case such representation and warranty shall be true and correct in all material respects as of the respective earlier date or respective period, as the case may be, and, to the extent such representations and warranties are qualified as to materiality, Material Adverse Effect or similar language, such representations shall be true and correct in all respects);
		

			
	
			
				 (f)
			No Default. No Default or Event of Default shall have occurred and be continuing; and

			
	
			
				 (g)
			Fees.  The Administrative Agent shall have received all fees required to be paid, and all expenses required to be paid or reimbursed under Section 9.03(a) of the Credit Agreement for which invoices have been presented a reasonable period of time prior to the Amendment No. 5 Effective Date.

		
			Section 5.Reaffirmation.  Each Loan Party party hereto hereby acknowledges its receipt of a copy of this Agreement and the Amended Credit Agreement and its review of the terms and conditions hereof and thereof and consents to the terms and conditions hereof and of the Amended Credit Agreement and the transactions contemplated thereby.  Each Guarantor hereby (a) affirms and confirms its guarantees and other commitments under the Guaranty Agreement and (b) agrees that the Guaranty Agreement is in full force and effect and shall accrue to the benefit of the Secured Parties to guarantee the Obligations. The Collateral Documents and all of the Collateral described therein do and shall continue to secure the payment of all Secured Obligations, and the Borrower confirms and reaffirms its prior grant of security interests and liens under the Collateral Documents, which shall continue in full force and effect after giving effect to this Agreement.
		

		
			Section 6.Counterparts.  This Agreement may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument.  Delivery of an executed counterpart of a signature page of this Agreement by facsimile or any other electronic transmission shall be effective as delivery of a manually executed counterpart hereof. 
		

		 

		

			4

		

 

		
			Section 7.Applicable Law; Waiver of Jury Trial; Jurisdiction; Consent to Service of Process.  The provisions set forth in Sections 9.09 and 9.10 of the Credit Agreement are hereby incorporated mutatis mutandis with all references to the “Agreement” therein being deemed references to this Agreement.
		

		
			Section 8.Headings.  The headings of this Agreement are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.
		

		
			Section 9.Effect of Amendment.  Except as expressly set forth herein, (i) this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent or any other Agent, in each case under the Credit Agreement or any other Loan Document, and (ii) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of either such agreement or any other Loan Document.  The parties hereto acknowledge and agree that the amendment of the Credit Agreement pursuant to this Agreement and all other Loan Documents amended and/or executed and delivered in connection herewith shall not constitute a novation of the Credit Agreement and the other Loan Documents as in effect prior to the Amendment No. 5 Effective Date. This Agreement shall constitute a Loan Document for purposes of the Credit Agreement, and from and after the Amendment No. 5 Effective Date, all references to the Credit Agreement in any Loan Document and all references in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, shall, unless expressly provided otherwise, refer to the Amended Credit Agreement.  The Borrower hereby consents to this Agreement and confirms that all obligations of the Borrower under the Loan Documents to which it is a party shall continue to apply to the Amended Credit Agreement.
		

		
			[Signature pages follow]
		

		
			 
		

		

		

		 

		

			5

		

 

		

			 

		

		IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.
		

		
			Frontier Communications
		

		
			Corporation,  as Borrower 
		

		
			By:   /s/ Mark D. Nielsen 
Name:  Mark D. Nielsen
Title:   Executive Vice President, Chief Legal Officer & Secretary 
		

		
			
Frontier Southwest Incorporated,  as a Guarantor 
		

		
			By:   /s/ Mark D. Nielsen
Name:  Mark D. Nielsen
Title:    Vice President, Chief Legal
              Officer & Secretary 
		

		
			﻿
		

		
			Frontier Florida LLC, as a Guarantor
		

		
			﻿
		

		
			By:   /s/ Mark D. Nielsen 
Name:  Mark D. Nielsen
Title:    Vice President, Chief Legal
              Officer & Secretary 
		

		
			﻿
		

		
			Frontier Communications Northwest Inc., as a Guarantor
		

		
			﻿
		

		
			By:     /s/ Mark D. Nielsen 
Name:  Mark D. Nielsen
Title:    Vice President, Chief Legal
              Officer & Secretary 
		

		
			﻿
		

		

		

		 

		

			[Signature Page to Amendment No. 5 to Credit Agreement]

		

 

		

			 

		

		
		

		
			Citizens Telecommunications Company of Minnesota, LLC, as a Guarantor
		

		
			﻿
		

		
			By:    /s/ Mark D. Nielsen 
Name:  Mark D. Nielsen
Title:    Vice President, Chief Legal
              Officer & Secretary 
		

		
			﻿
		

		
			﻿
		

		
			Frontier Communications of Minnesota, Inc., as a Guarantor
		

		
			﻿
		

		
			By:   /s/ Mark D. Nielsen 
Name:  Mark D. Nielsen
Title:    Vice President, Chief Legal
              Officer & Secretary 
		

		
			﻿
		

		
			﻿
		

		
			Frontier Communications of Iowa, LLC, as a Guarantor
		

		
			﻿
		

		
			By:   /s/ Mark D. Nielsen 
Name:  Mark D. Nielsen
Title:    Vice President, Chief Legal
              Officer & Secretary 
		

		
			﻿
		

		
			﻿
		

		
			Citizens Telecommunications Company of Tennessee L.L.C., as a Guarantor
		

		
			﻿
		

		
			By:   /s/ Mark D. Nielsen 
Name:  Mark D. Nielsen
Title:    Vice President, Chief Legal
              Officer & Secretary 
		

		
			﻿
		

		
			﻿
		

		

		

		 

		

			[Signature Page to Amendment No. 5 to Credit Agreement]

		

 

		

			 

		

		
		

		
			Citizens Telecommunications Company of Utah, as a Guarantor
		

		
			﻿
		

		
			By:   /s/ Mark D. Nielsen
Name:  Mark D. Nielsen
Title:    Vice President, Chief Legal
              Officer & Secretary 
		

		
			﻿
		

		
			﻿
		

		
			Frontier Communications of Wisconsin LLC, as a Guarantor
		

		
			﻿
		

		
			By:    /s/ Mark D. Nielsen 
Name:  Mark D. Nielsen
Title:    Vice President, Chief Legal
              Officer & Secretary 
		

		
			﻿
		

		
			﻿
		

		

		

		 

		

			[Signature Page to Amendment No. 5 to Credit Agreement]

		

 

		

			 

		

		
		

		
			Frontier VIDEO SERVICES Inc., as a Pledgor
		

		
			﻿
		

		
			﻿
		

			
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Mark D. Nielsen

				
	
					
						﻿

					
					
						Name:  Mark D. Nielsen

				
	
					
						﻿

					
					
						Title:    Vice President, Chief Legal

				
	
					
						﻿

					
					
						             Officer & Secretary

				

		
			
		

		
			﻿
		

		
			 
		

		

		

		 

		

			[Signature Page to Amendment No. 5 to Credit Agreement]

		

 

		

			 

		

		JPMORGAN CHASE BANK, N.A.,  
as Administrative Agent
		

		
			﻿
		

			
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ John Kowalczuk

				
	
					
						﻿

					
					
						Name:  John Kowalczuk

				
	
					
						﻿

					
					
						Title:  Executive Director

				

		
			﻿
		

		
			JPMORGAN CHASE BANK, N.A.,  
as Collateral Agent
		

		
			﻿
		

			
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ John Kowalczuk

				
	
					
						﻿

					
					
						Name:  John Kowalczuk

				
	
					
						﻿

					
					
						Title:  Executive Director

				

		
			﻿
		

		
			 
		

		

		

		 

		

			[Signature Page to Amendment No. 5 to Credit Agreement]

		

 

		

			 

		

		JPMORGAN CHASE BANK, N.A.,  
as a Revolving Lender 
		

		
			﻿
		

		
			﻿
		

			
					
						﻿

					
					
						 

				
	
					
						By:

					
					
						/s/ Sean Chudzik

				
	
					
						﻿

					
					
						Name:  Sean Chudzik, ASC

				
	
					
						﻿

					
					
						Title:  Authorized Signatory

				

		
			﻿
		

		
			 
		

		

		

		 

		

			[Signature Page to Amendment No. 5 to Credit Agreement]

		

 

		

			 

		

		SCHEDULE 1
		

		
			﻿
		

		
			revolving commitments
		

		
			﻿
		

			
					
						Lender

					
					
						2024 Revolving Commitments

					
					
						2022 Revolving Commitments

					
					
						Letter of Credit Sublimit

				
	
					
						JPMorgan Chase Bank N.A.

					
					
						$131,609,756.11

					
					
						$0

					
					
						$20,578,192.25

				
	
					
						Bank of America, N.A.

					
					
						$92,250,000.00

					
					
						$0

					
					
						$16,279,411.76

				
	
					
						Citibank, N.A.

					
					
						$92,250,000.00

					
					
						$0

					
					
						$16,279,411.76

				
	
					
						Morgan Stanley Bank N.A.

					
					
						$50,000,000.00

					
					
						$0

					
					
						$8,823,529.41

				
	
					
						Morgan Stanley Senior Funding, Inc.

					
					
						$42,250,000.00

					
					
						$0

					
					
						$7,455,882.35

				
	
					
						Barclays Bank PLC

					
					
						$91,463,414.63

					
					
						$0

					
					
						$16,140,602.58

				
	
					
						Deutsche Bank AG New York

					
					
						$91,463,414.63

					
					
						$0

					
					
						$16,140,602.58

				
	
					
						Mizuho Bank Ltd.

					
					
						$91,463,414.63

					
					
						$0

					
					
						$0.00

				
	
					
						Goldman Sachs Bank USA

					
					
						$90,000,000.00

					
					
						$0

					
					
						$15,882,352.94

				
	
					
						Credit Suisse AG, Cayman Islands Branch

					
					
						$77,250,000.00

					
					
						$0

					
					
						$16,279,411.76

				
	
					
						Total

					
					
						$850,000,000.00

					
					
						$0

					
					
						$133,859,397.39

				

		
			﻿
		

		
			﻿
		

		
			﻿

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