Document:

Exhibit 10.1

 Exhibit 10.1 
 EMPLOYEE MATTERS AGREEMENT 
 BY AND BETWEEN 

NTELOS HOLDINGS CORP. 
 AND 
 LUMOS NETWORKS CORP. 

DATED AS OF OCTOBER 31, 2011 

 TABLE OF CONTENTS 

 

							
	  	 	 	  	Page	 
	 SECTION 1 DEFINITIONS
	  	 	1	  
			
	 1.1
	 	DEFINITIONS	  	 	1	  
	 1.2
	 	GENERAL INTERPRETIVE PRINCIPLES	  	 	9	  
		
	 SECTION 2 GENERAL PRINCIPLES
	  	 	10	  
			
	 2.1
	 	EMPLOYEES	  	 	10	  
	 2.2
	 	ASSUMPTION AND RETENTION OF LIABILITIES; RELATED ASSETS	  	 	13	  
	 2.3
	 	WIRELINE PARTICIPATION IN NTELOS BENEFIT PLANS	  	 	13	  
	 2.4
	 	SERVICE RECOGNITION	  	 	14	  
	 2.5
	 	APPROVAL BY NTELOS AS SOLE STOCKHOLDER; APPROVAL BY WIRELINE	  	 	15	  
		
	 SECTION 3 NTELOS RETIREMENT PENSION PLAN
	  	 	16	  
			
	 3.1
	 	ESTABLISHMENT OF WIRELINE RETIREMENT PENSION PLAN	  	 	16	  
	 3.2
	 	WIRELINE PLAN PARTICIPANTS	  	 	16	  
	 3.3
	 	DELAYED TRANSFER EMPLOYEES	  	 	19	  
	 3.4
	 	ALTERNATIVE PROCEDURES	  	 	21	  
		
	 SECTION 4 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
	  	 	21	  
			
	 4.1
	 	ADOPTION OF WIRELINE SERP	  	 	21	  
	 4.2
	 	CONTINUATION OF ELECTIONS	  	 	21	  
	 4.3
	 	SEPARATION FROM SERVICE	  	 	22	  
		
	 SECTION 5 401(K) PLANS
	  	 	22	  
			
	 5.1
	 	WIRELINE 401(k) PLAN	  	 	22	  
		
	 SECTION 6 NTELOS EMPLOYMENT AGREEMENTS
	  	 	24	  
			
	 6.1
	 	EMPLOYMENT AGREEMENTS	  	 	24	  
	 6.2
	 	NON-COMPETITION	  	 	25	  
		
	 SECTION 7 RETIREE MEDICAL COVERAGE AND LIFE INSURANCE
	  	 	25	  
			
	 7.1
	 	TRANSITION PERIOD	  	 	25	  
	 7.2
	 	WIRELINE RETIREE MEDICAL AND LIFE INSURANCE	  	 	25	  
	 7.3
	 	NTELOS RETIREE MEDICAL AND LIFE INSURANCE	  	 	26	  
	 7.4
	 	LIABILITIES FOR BENEFITS AND CLAIMS	  	 	27	  
	 7.5
	 	TERMINATION OF EMPLOYMENT	  	 	28	  
		
	 SECTION 8 HEALTH AND WELFARE PLANS
	  	 	29	  
			
	 8.1
	 	TRANSITION PERIOD	  	 	29	  

  
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 TABLE OF CONTENTS 

 

							
		 		  	 	Page	  
	 8.2
	 	ADOPTION OF HEALTH AND WELFARE PLANS	  	 	29	  
	 8.3
	 	LIABILITIES FOR BENEFITS AND CLAIMS	  	 	31	  
		
	 SECTION 9 REIMBURSEMENT ACCOUNT PLANS
	  	 	32	  
			
	 9.1
	 	PLANS	  	 	32	  
	 9.2
	 	CASH TRANSFERS	  	 	33	  
	 9.3
	 	OTHER REIMBURSEMENTS	  	 	34	  
	 9.4
	 	TERMINATION OF EMPLOYMENT	  	 	34	  
		
	 SECTION 10 COBRA
	  	 	34	  
			
	 10.1
	 	TRANSITION PERIOD	  	 	34	  
	 10.2
	 	WIRELINE PARTICIPANTS	  	 	35	  
	 10.3
	 	DELAYED TRANSFER EMPLOYEES	  	 	35	  
	 10.4
	 	NTELOS DELAYED TRANSFER EMPLOYEES	  	 	35	  
		
	 SECTION 11 SHORT TERM AND LONG TERM DISABILITY
	  	 	36	  
		
	 SECTION 12 WORKERS’ COMPENSATION
	  	 	36	  
			
	 12.1
	 	TREATMENT OF WORKERS’ COMPENSATION CLAIMS	  	 	36	  
	 12.2
	 	COLLATERAL	  	 	37	  
	 12.3
	 	RETRO POLICY TRUE-UPS	  	 	37	  
	 12.4
	 	NOTIFICATION OF GOVERNMENTAL AUTHORITIES	  	 	37	  
	 12.5
	 	ASSIGNMENT OF CONTRIBUTION RIGHTS	  	 	37	  
	 12.6
	 	RESOLUTION OF DISPUTES	  	 	37	  
		
	 SECTION 13 ANNUAL INCENTIVE PLANS
	  	 	38	  
		
	 SECTION 14 EQUITY INCENTIVE PLANS
	  	 	38	  
			
	 14.1
	 	EQUITY INCENTIVE AWARDS	  	 	38	  
	 14.2
	 	TREATMENT OF OUTSTANDING NTELOS OPTIONS	  	 	39	  
	 14.3
	 	TREATMENT OF OUTSTANDING NTELOS RESTRICTED STOCK	  	 	43	  
	 14.4
	 	LIABILITIES FOR SETTLEMENT OF AWARDS	  	 	46	  
	 14.5
	 	FURTHER ASSURANCES	  	 	46	  
	 14.6
	 	CAUSE PROVISIONS	  	 	47	  
	 14.7
	 	SEC REGISTRATION	  	 	47	  
	 14.8
	 	WIRELINE EMPLOYEES	  	 	48	  
	 14.9
	 	NTELOS EMPLOYEES	  	 	48	  
	 14.10
	 	EMPLOYEE STOCK PURCHASE PLANS	  	 	48	  
	 14.11
	 	NON-EMPLOYEE DIRECTORS	  	 	48	  
		
	 SECTION 15 PAID TIME OFF AND PAYROLL
	  	 	49	  
			
	 15.1
	 	PAID TIME OFF	  	 	49	  

  
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 TABLE OF CONTENTS 

 

							
		 		  	 	Page	  
	 15.2
	 	PAYROLL	  	 	50	  
	 15.3
	 	SEVERANCE	  	 	50	  
		
	 SECTION 16 TAX AND ADMINISTRATIVE MATTERS
	  	 	50	  
		
	 SECTION 17 INDEMNIFICATION
	  	 	50	  
		
	 SECTION 18 GENERAL AND ADMINISTRATIVE
	  	 	51	  
			
	 18.1
	 	SHARING OF INFORMATION	  	 	51	  
	 18.2
	 	TRANSFER OF PERSONNEL RECORDS AND AUTHORIZATIONS	  	 	51	  
	 18.3
	 	REASONABLE EFFORTS/COOPERATION	  	 	51	  
	 18.4
	 	EMPLOYER RIGHTS	  	 	51	  
	 18.5
	 	NO THIRD-PARTY BENEFICIARIES	  	 	52	  
	 18.6
	 	CONSENT OF THIRD PARTIES	  	 	52	  
	 18.7
	 	BENEFICIARY DESIGNATION/RELEASE OF INFORMATION/RIGHT TO REIMBURSEMENT	  	 	52	  
	 18.8
	 	NOT A CHANGE IN CONTROL	  	 	52	  
	 18.9
	 	NO NOVATION	  	 	52	  
	 18.10
	 	NONSOLICITATION	  	 	53	  
	 18.11
	 	CONFIDENTIALITY	  	 	53	  
		
	 SECTION 19 MISCELLANEOUS
	  	 	54	  
			
	 19.1
	 	EFFECT IF DISTRIBUTION DOES NOT OCCUR	  	 	54	  
	 19.2
	 	RELATIONSHIP OF PARTIES	  	 	54	  
	 19.3
	 	INDIRECT ACTION	  	 	54	  
	 19.4
	 	NOTICES	  	 	54	  
	 19.5
	 	ENTIRE AGREEMENT	  	 	54	  
	 19.6
	 	AMENDMENTS AND WAIVERS	  	 	54	  
	 19.7
	 	GOVERNING LAW	  	 	54	  
	 19.8
	 	HEADINGS	  	 	55	  
	 19.9
	 	COUNTERPARTS	  	 	55	  
	 19.10
	 	ASSIGNMENT	  	 	55	  
	 19.11
	 	SUCCESSORS AND ASSIGNS	  	 	55	  
	 19.12
	 	SEVERABILITY	  	 	55	  

  

					
	 SCHEDULES
	 	 	 	 SECTION

	 Schedule A
	 		 	Section 2.1(a)
	 Schedule B
	 		 	Section 2.1(b)
	 Schedule C
	 		 	Section 2.1(c)
	 Schedule D
	 		 	Section 2.1(d)
	 Schedule E
	 		 	Section 2.1(e)
	 Schedule F
	 		 	Section 3.2(b)(i)(A)

  
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 TABLE OF CONTENTS 

 

			
	 	 	Page
		
	 Schedule G
	 	Section 6.1
	 Schedule H
	 	Section 6.1
	 Schedule I
	 	Section 8.1
	 Schedule J
	 	Section 12.1(b)
	 Schedule K
	 	Section 14.2(a)
	 Schedule L
	 	Section 16

  
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 EMPLOYEE MATTERS AGREEMENT 

THIS EMPLOYEE MATTERS AGREEMENT (the “Agreement”), dated as of October 31, 2011 is by and between NTELOS Holdings
Corp, a Delaware corporation (“NTELOS”), and Lumos Networks Corp., a Delaware corporation (“Wireline”). 
 WHEREAS, the Board of Directors of NTELOS has determined that it is in the best interests of NTELOS to separate the Wireline Business and the NTELOS Business into two independent public companies on the
terms and subject to the conditions set forth in the Separation and Distribution Agreement; 
 WHEREAS, in furtherance of the
foregoing, NTELOS has announced its intention to distribute all of the shares of Wireline Common Stock owned by NTELOS to the holders of NTELOS Common Stock by means of the Distribution; 

WHEREAS, in furtherance of the foregoing, NTELOS and Wireline have entered into a Separation and Distribution Agreement, dated as of
October 31, 2011 (the “Separation and Distribution Agreement”), and other Ancillary Agreements that will govern certain matters relating to the Separation and the relationship among the NTELOS Group and the Wireline Group prior
to and following the Distribution; and 
 WHEREAS, pursuant to the Separation and Distribution Agreement, NTELOS and Wireline
have agreed to enter into this Agreement for the purpose of allocating Assets, Liabilities and responsibilities with respect to certain employee compensation and benefit plans and programs between and among them. 

NOW, THEREFORE, in consideration of the premises and of the respective agreements and covenants contained in this Agreement, and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, agree as follows: 
 SECTION 1 
 DEFINITIONS 

1.1 DEFINITIONS. Capitalized terms used, but not defined in this Agreement, shall have the meanings assigned to such terms in the
Separation and Distribution Agreement. The following terms shall have the following meanings: 
 “Actuary” means New
York Life or any other actuarial firm mutually agreed upon by NTELOS and Wireline who will perform the calculations required by Section 3 of this Agreement. 
 “Agreement” shall have the meaning set forth in the preamble to this Agreement. 
 “Benefit Plan” means, with respect to an entity, each plan, program, arrangement, agreement or commitment (whether written or unwritten, formal or informal) that is an employment, consulting,
non-competition or deferred compensation agreement, or an executive 

 
compensation, incentive bonus or other bonus, employee pension, profit sharing, savings, retirement, supplemental retirement, stock option, stock purchase, stock appreciation rights, restricted
stock, other equity-based compensation, severance pay, salary continuation, life, health, hospitalization, sick leave, vacation pay, disability or accident insurance plan, reimbursement plan, fringe benefit or other employee benefit plan, program,
arrangement, agreement or commitment, (1) including any “employee benefit plan” (as defined in Section 3(3) of ERISA), sponsored or maintained by such entity (or to which such entity contributes or is required to contribute or
has any liabilities, directly or indirectly, contingent or fixed) and (2) excluding any Indemnification Obligations. 

“Cause” means the same as such term is defined in the NTELOS Stock Plans or the Wireline Equity Incentive Plan, as applicable.

 “COBRA” means the continuation coverage requirements for “group health plans” under Title X of the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and as codified in Code Section 4980B and Sections 601 through 608 of ERISA, and any similar purpose state group health plan continuation Law. 

“Delayed 401(k) Assets” shall have the meaning set forth in Section 5.1(b)(ii) of this Agreement. 

“Delayed Price Ratio” means, with respect to a Delayed Transfer Employee, the quotient obtained by dividing (i) the
official NASDAQ last reported sale price for Wireline Common Stock on the last Trading Day on NASDAQ immediately before such Delayed Transfer Employee’s Transfer Date by (ii) the official NASDAQ last reported sale price for NTELOS Common
Stock on the last Trading Day on NASDAQ immediately before such Delayed Transfer Employee’s Transfer Date. 

“Delayed Share Ratio” means, with respect to a Delayed Transfer Employee, the quotient obtained by dividing (i) the
official NASDAQ last reported sale price for NTELOS Common Stock on the last Trading Day on NASDAQ immediately before such Delayed Transfer Employee’s Transfer Date by (ii) the official NASDAQ last reported sale price for Wireline Common
Stock on the last Trading Day on NASDAQ immediately before such Delayed Transfer Employee’s Transfer Date. 

“Delayed Transfer Calculation Date” shall have the meaning set forth in Section 3.3(b)(i) of this Agreement. 

“Delayed Transfer Employees” means those NTELOS Employees who are considered by the Parties to be important to the Wireline
Business and whose transfer from the NTELOS Group to the Wireline Group in connection with the Separation will be delayed, due to certain business constraints, until after the Distribution Date but prior to the second anniversary of the Distribution
Date (or such later date as mutually agreed to by the Parties). 
 “Delayed Transfer NTELOS Option” shall have the
meaning set forth in Section 14.2(d) of this Agreement. 

  
 2 

 “Delayed Transfer Restricted Stock Award” shall have the meaning set forth in
Section 14.3(d) of this Agreement. 
 “Delayed Transfer Wireline Option” shall have the meaning set forth in
Section 14.2(c)(ii) of this Agreement. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended. 
 “Estimated Retirement Pension Plan Transfer Amount” shall have the meaning set forth in
Section 3.2(b)(ii) of this Agreement. 
 “Final Delayed Transfer Amount” shall have the meaning set forth in
Section 3.3(b)(ii) of this Agreement. 
 “Final Delayed Transfer Date” shall have the meaning set forth in
Section 3.2(b)(iii) of this Agreement. 
 “Final Retirement Pension Plan Transfer Amount” shall have the meaning
set forth in Section 3.2(b)(v) of this Agreement. 
 “Final Transfer Date” shall have the meaning set forth in
Section 3.2(b)(vi) of this Agreement. 
 “Former NTELOS Employee” means, as of the Distribution Date, any former
employee of NTELOS or a Subsidiary of NTELOS, including individuals to whom long-term disability benefits are being paid under an NTELOS Benefit Plan and retired, deferred vested, non-vested and other terminated individuals, other than a Former
Wireline Employee. 
 “Former Wireline Employee” means, as of the Distribution Date, any former employee of NTELOS or
a Subsidiary of NTELOS, including individuals to whom long-term disability benefits are being paid under an NTELOS Benefit Plan and retired, deferred vested, non-vested and other terminated individuals, whose most recent active employment with
NTELOS or a Subsidiary of NTELOS was employment by the Wireline Group and whose active employment has ended on or before the Distribution Date. 
 “HIPAA” means the Health Insurance Portability and Accountability Act of 1996, as amended. 
 “Indemnification Obligations” means, as of the Distribution Date, any Liabilities of NTELOS or a Subsidiary of NTELOS to indemnify any employee, officer, director, or agent, or to advance to
such person expenses before a judicial or administrative determination that such person is entitled to indemnification, such Liabilities being memorialized or otherwise provided for in a separate agreement, Articles of Incorporation or Bylaws.

 “Initial Cash Transfer” shall have the meaning set forth in Section 3.2(b)(iii) of this Agreement. 

  
 3 

 “Initial Transfer Amount” shall have the meaning set forth in
Section 3.2(b)(iii) of this Agreement. 
 “Initial Transfer Date” shall have the meaning set forth in
Section 3.2(b)(iii) of this Agreement. 
 “IRS” means the Internal Revenue Service. 

“ITA Adjustment” shall have the meaning set forth in Section 3.2(b)(iv) of this Agreement. 

“Joint Service Employee” shall have the meaning set forth in Section 14.2(a) of this Agreement. 

“Joint Service Employee Remaining NTELOS Restricted Stock Award” shall have the meaning set forth in Section 14.3(e) of
this Agreement. 
 “Joint Service Employee Wireline Option” shall have the meaning set forth in Section 14.2(e)
of this Agreement. 
 “Joint Service Employee Wireline Restricted Stock Award” shall have the meaning set forth in
Section 14.3(e) of this Agreement. 
 “NASDAQ” means the National Association of Securities Dealers Automated
Quotations Systems. 
 “NTELOS” shall have the meaning set forth in the Preamble to this Agreement. 

“NTELOS Benefit Plan” means any Benefit Plan sponsored, maintained or contributed to by NTELOS or any Subsidiaries of NTELOS
including, without limitation, the NTELOS Retirement Pension Plan, the NTELOS 401(k) Plan, the NTELOS Reimbursement Account Plans, the NTELOS SERP, the NTELOS Retiree Medical Plan, and the NTELOS Welfare Plans. 

“NTELOS Committee” means the Compensation Committee of the Board of Directors of NTELOS. 

“NTELOS Delayed 401(k) Assets” shall have the meaning set forth in Section 5.1(b) of this Agreement. 

“NTELOS Delayed Price Ratio” means, with respect to an NTELOS Delayed Transfer Employee, the quotient obtained by dividing
(i) the official NASDAQ last reported sale price for NTELOS Common Stock on the last Trading Day on NASDAQ immediately before such NTELOS Delayed Transfer Employee’s Transfer Date by (ii) the official NASDAQ last reported sale price
for Wireline Common Stock on the last Trading Day on NASDAQ immediately before such NTELOS Delayed Transfer Employee’s Transfer Date. 
 “NTELOS Delayed Share Ratio” means, with respect to an NTELOS Delayed Transfer Employee, the quotient obtained by dividing (i) the official NASDAQ last reported sale price for

  
 4 

 
Wireline Common Stock on the last Trading Day on NASDAQ immediately before such NTELOS Delayed Transfer Employee’s Transfer Date by (ii) the official NASDAQ last reported sale price for
NTELOS Common Stock on the last Trading Day on NASDAQ immediately before such NTELOS Delayed Transfer Employee’s Transfer Date. 
 “NTELOS Delayed Transfer Employees” means those Wireline Employees who transfer from the Wireline Group back to the NTELOS Group after the Distribution Date, and those Delayed Transfer Employees
who transfer from the Wireline Group back to the NTELOS Group after the Transfer Date, and prior to the second anniversary of the Distribution Date (or such later date as is mutually agreed to by the Parties), provided NTELOS and Wireline agree in
writing to the transfer of such Wireline Employees to, or Delayed Transfer Employee back to, a member of the NTELOS Group. 

“NTELOS Employee” means any individual who immediately before and immediately following the Distribution Date is employed by
NTELOS or any member of the NTELOS Group as a common law employee, including active employees and employees on vacation or an approved leave of absence. 
 “NTELOS Employee Stock Purchase Plan” means the NTELOS Holdings Corp. Employee Stock Purchase Plan. 
 “NTELOS 401(k) Plan” means the NTELOS Inc. Savings and Security Plan. 

“NTELOS 401(k) Trust” means the trust which is part of the NTELOS 401(k) Plan and, until the date all of the Wireline 401(k)
Assets held in such trust have been transferred to the Wireline Trust, the Wireline 401(k) Plan. 
 “NTELOS Option”
shall have the meaning set forth in Section 14.2(a) of this Agreement. 
 “NTELOS Participant” means any
individual who, immediately following the Distribution Date, is an NTELOS Employee, a Former NTELOS Employee or a beneficiary, dependent or alternate payee of any of the foregoing. 

“NTELOS 401(k) Participants” shall have the meaning set forth in Section 5.1(c) of this Agreement. 

“NTELOS Pension Trust” means the trust which is part of the NTELOS Retirement Pension Plan. 

“NTELOS Post-Distribution Stock Value” means the average (weighted based on the volume of trading) of the official NASDAQ
reported sale price for NTELOS Common Stock for the five (5) Trading Days on NASDAQ immediately after the Distribution Time unless otherwise determined by the NTELOS Committee and the Wireline Committee in their sole discretion in order to
effect any adjustments of outstanding equity incentive awards pursuant to the terms of the applicable plans under which such equity incentive awards were granted. 
 “NTELOS Pre-Distribution Stock Value” means the official NASDAQ last reported sale price for NTELOS Common Stock on the last Trading Day on NASDAQ immediately before the

  
 5 

 
Distribution Time (which generally means the aggregate of the official NASDAQ last reported sale price for NTELOS Common Stock on an ex-distribution basis at the Distribution Time and the
official NASDAQ last reported sale price for Wireline Common Stock on a when issued basis at the Distribution Time). 

“NTELOS Price Ratio” means the quotient obtained by dividing (i) the NTELOS Post-Distribution Stock Value by (ii) the
product of the NTELOS Pre-Distribution Stock Value and the Reverse Stock Split Ratio. 
 “NTELOS Reimbursement Account
Plans” shall have the meaning set forth in Section 9.1 of this Agreement. 
 “NTELOS Reimbursement Policy”
shall have the meaning set forth in Section 9.3 of this Agreement. 
 “NTELOS Retiree Medical Plan” shall have
the meaning set forth in Section 7.1 of this Agreement. 
 “NTELOS Restricted Stock Award” means a restricted
stock award under any of the NTELOS Stock Plans. 
 “NTELOS SERP” means the NTELOS Supplemental Executive Retirement
Plan. 
 “NTELOS Service Plans” means, collectively, the NTELOS Retirement Pension Plan and the NTELOS 401(k) Plan.

 “NTELOS Share Ratio” means the quotient obtained by dividing (i) the product of the NTELOS Pre-Distribution
Stock Value and the Reverse Stock Split Ratio by (ii) the NTELOS Post-Distribution Stock Value. 
 “NTELOS Stock
Plans” means, collectively, the NTELOS Holdings Corp. Amended and Restated Equity Incentive Plan, the NTELOS Holdings Corp. Non-Employee Director Equity Plan, the NTELOS Holdings Corp. 2010 Equity and Cash Incentive Plan and any other stock
option or stock incentive compensation plan or arrangement for employees, officers, or directors of NTELOS, other than the NTELOS Employee Stock Purchase Plan. 
 “NTELOS Welfare Plans” shall have the meaning set forth in Section 8.2(a) of this Agreement. 
 “Participating Company” means NTELOS or any Person (other than an individual) participating in an NTELOS Benefit Plan. 
 “Plan Assets” means the assets of the NTELOS Retirement Pension Plan allocable to pay the benefits accrued by Wireline Plan Participants as of the Distribution Date. 

“Remaining NTELOS Option” shall have the meaning set forth in Section 14.2(a) of this Agreement. 

  
 6 

 “Remaining NTELOS Restricted Stock Award” shall have the meaning set forth in
Section 14.3(a) of this Agreement. 
 “Reverse Stock Split” means the 1:2 reverse stock split to be effectuated
by NTELOS immediately prior to the Distribution. 
 “Reverse Stock Split Ratio” means two (2). 

“Separation and Distribution Agreement” shall have the meaning set forth in the recitals to this Agreement. 

“Trading Day” means the period of time during any given calendar day, commencing with the NASDAQ only opening price and ending
with the NASDAQ last reported sale price, in which trading in shares of NTELOS Common Stock or Wireline Common Stock is permitted and settled on NASDAQ. 
 “Transfer Date” means, with respect to a Delayed Transfer Employee, the date that such Delayed Transfer Employee commences active employment with Wireline or a member of the Wireline Group, and,
with respect to an NTELOS Delayed Transfer Employee, the date that such NTELOS Delayed Transfer Employee commences active employment with NTELOS or a member of the NTELOS Group. 

“True-Up Amount” shall have the meaning set forth in Section 3.2(b)(vi) of this Agreement. 

“U.S.” means the United States of America. 
 “WC Claim” shall have the meaning set forth in Section 12.1(a) of this Agreement. 
 “Welfare Plans Transition Date” means the end of the calendar year in which the Distribution Date occurs or such later date as the Parties may mutually agree in writing (but in no event later
than the end of the calendar year immediately following the calendar year in which the Distribution Date occurs). 

“Wireline” shall have the meaning set forth in the Preamble to this Agreement. 

“Wireline Benefit Plan” means any Benefit Plan sponsored, maintained or contributed to by any member of the Wireline Group
including, without limitation, the Wireline Retirement Pension Plan, the Wireline 401(k) Plan, the Wireline Reimbursement Account Plan, the Wireline SERP, the Wireline Retiree Medical Plan and the Wireline Welfare Plans, and any Benefit Plan assumed
or adopted by any member of the Wireline Group. 
 “Wireline Committee” means the compensation committee of the Board
of Directors of Wireline. 
 “Wireline Employee” means any individual who immediately before and immediately after the
Distribution Date is employed by Wireline or any member of the Wireline Group as a 

  
 7 

 
common law employee, including active employees and employees on vacation or an approved leave of absence. 
 “Wireline Employee Stock Purchase Plan” means the Wireline Corporation Employee Stock Purchase Plan. 
 “Wireline Equity Incentive Plan” means the Wireline 2011 Equity and Cash Incentive Plan. 
 “Wireline 401(k) Assets” shall have the meaning set forth in Section 5.1(b)(i) of this Agreement. 
 “Wireline 401(k) Participants” shall have the meaning set forth in Section 5.1(a) of this Agreement. 
 “Wireline Participants” means any individual who, immediately following the Distribution Date, is a Wireline Employee, a Former Wireline Employee or a beneficiary, dependent or alternate payee
of any of the foregoing. 
 “Wireline 401(k) Plan” shall have the meaning set forth in Section 5.1(a) of this
Agreement. 
 “Wireline 401(k) Trust” means the trust which is part of the Wireline 401(k) Plan as effective as of the
Distribution Date. 
 “Wireline Option” shall have the meaning set forth in Section 14.2(b) of this Agreement.

 “Wireline Participant” means any individual who, immediately following the Distribution Date, is a Wireline
Employee, a Former Wireline Employee, or a beneficiary, dependent or alternate payee of a Wireline Employee or Former Wireline Employee. 
 “Wireline Pension Trust” means the trust which is part of the Wireline Retirement Pension Plan. 
 “Wireline Plan Participants” shall have the meaning set forth in Section 3.1 of this Agreement. 
 “Wireline Price Ratio” means the quotient obtained by dividing (i) the Wireline Stock Value by (ii) the product of the NTELOS Pre-Distribution Stock Value and the Reverse Stock Split
Ratio. 
 “Wireline Reimbursement Account Plans” shall have the meaning set forth in Section 9.1 of this
Agreement. 
 “Wireline Reimbursement Policy” shall have the meaning set forth in Section 9.3 of this Agreement.

  
 8 

 “Wireline Restricted Stock Award” means a grant of restricted stock made under the
Wireline Equity Incentive Stock Plan pursuant to Section 14.3 of this Agreement. 
 “Wireline Retiree Medical
Plan” shall have the meaning set forth in Section 7 of this Agreement. 
 “Wireline Retiree Medical Plan
Participants” shall have the meaning set forth in Section 7 of this Agreement. 
 “Wireline Retirement Pension
Plan” shall have the meaning set forth in Section 3.1 of this Agreement. 
 “Wireline SERP” shall have the
meaning set forth in Section 4.1 of this Agreement. 
 “Wireline Service Plans” means, collectively, the Wireline
Retirement Pension Plan and the Wireline 401(k) Plan. 
 “Wireline Share Ratio” means the quotient obtained by
dividing (i) the product of the NTELOS Pre-Distribution Stock Value and the Reverse Stock Split Ratio by (ii) the Wireline Stock Value. 
 “Wireline Stock Value” means the average (weighted based on the volume of trading) of the official NASDAQ reported sale price for Wireline Common Stock for the five (5) Trading Days on
NASDAQ immediately after the Distribution Time unless otherwise determined by the NTELOS Committee and the Wireline Committee in their sole discretion in order to effect any adjustments of outstanding equity incentive awards pursuant to the terms of
the applicable plans under which such equity incentive awards were granted. 
 “Wireline Welfare Plans” shall have the
meaning set forth in Section 8.2(a) of this Agreement. 
 1.2 GENERAL INTERPRETIVE PRINCIPLES. (a) Words in the
singular shall include the plural and vice versa, and words of one gender shall include the other gender, in each case, as the context requires; (b) the terms “hereof,” “herein,” and “herewith” and words of similar
import shall, unless otherwise stated, be construed to refer to this Agreement and not to any particular provision of this Agreement, and references to Section and Schedules are references to the Sections and Schedules to this Agreement unless
otherwise specified; (c) the word “including” and words of similar import when used in this Agreement shall mean “including, without limitation,” unless otherwise specified; (d) any reference to any U.S. federal, state,
or local statute or Law shall be deemed to also refer to all rules and regulations promulgated under such statute or Law, unless the context otherwise requires; and (e) except as otherwise provided herein, any reference to a Wireline Benefit
Plan or an NTELOS Benefit Plan shall be deemed to refer to any such plan as it may have been, or be, amended, restated or otherwise supplemented from time to time. 

  
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 SECTION 2 
 GENERAL PRINCIPLES 
 2.1 EMPLOYEES. 

(a) Wireline Employees. On such date as the Parties may mutually agree upon, but in no event later than the last
business day prior to the Distribution Date, NTELOS and Wireline shall mutually agree upon a list (Schedule A to this Agreement, which may be amended to add or remove employees in writing by mutual agreement of the Parties at any time prior
to the Distribution Date) of employees, if any, of any member of the NTELOS Group who shall be offered employment by a member of the Wireline Group and a member of the Wireline Group shall make an offer of employment to each employee on such list,
effective prior to the Distribution Date. Each Employee who is offered employment by a member of the Wireline Group pursuant to this Section 2.1(a) and who expressly accepts such offer and commences employment is referred to herein as a
Wireline Employee. The employment of each such employee with the relevant member of the NTELOS Group shall be terminated, and such employee shall become an employee of a member of the Wireline Group, effective no later than the Distribution Date.
For a period of one (1) year following the Distribution Date, Wireline shall maintain or cause to be maintained for the benefit of each Wireline Employee base salary or hourly compensation, as applicable, annual cash incentive opportunities,
long-term incentive opportunities and benefits that are substantially comparable in the aggregate to that provided to such Wireline Employees immediately prior to the Distribution Date; provided, however, that nothing herein shall be construed as
(i) requiring any member of the Wireline Group to continue the employment of any specific person for any particular period of time after the Distribution Date or to provide any specific level or kind of base salary or hourly compensation,
annual cash incentive opportunities, long-term incentive opportunities or benefits after the Distribution Date or to continue any benefits at current costs or cost-sharing levels or (ii) precluding any member of the Wireline Group from making
any adverse changes to the compensation or benefits of any specific person in the course of performance evaluations. No member of the Wireline Group shall be responsible for any severance payments or benefits in respect of the termination of
employment of any employee by any member of the NTELOS Group pursuant to this Section 2.1(a); provided, however, that the applicable member of the Wireline Group shall be responsible for severance payments or benefits (if any) in respect of the
termination of employment of any Wireline Employee by a member of the Wireline Group following the Distribution Date (other than any Wireline Employee who becomes an NTELOS Delayed Transfer Employee). 

(b) NTELOS Employees. From and after the Distribution Date, a member of the NTELOS Group will continue the
employment of each NTELOS Employee (listed on Schedule B to this Agreement, which may be amended to add or remove employees in writing by mutual agreement of the Parties at any time prior the Distribution Date) and, for a period of one
(1) year following the Distribution Date, maintain or cause to be maintained for the benefit of each NTELOS Employee base salary or hourly compensation, as applicable, annual cash incentive opportunities, long-term incentive opportunities and
benefits that are substantially comparable in the aggregate to that provided to such NTELOS Employees immediately prior to the Distribution Date; provided, however, that nothing herein shall be construed as (i) requiring any member of the
NTELOS Group to continue the employment of any specific person for any 

  
 10 

 
particular period of time after the Distribution Date or to provide any specific level or kind of base salary or hourly compensation, annual cash incentive opportunities, long-term incentive
opportunities or benefits after the Distribution Date or to continue any benefits at current costs or cost-sharing levels or (ii) precluding any member of the NTELOS Group from making any adverse changes to the compensation or benefits of any
specific person in the course of performance evaluations. The applicable member of the NTELOS Group shall be responsible for severance payments or benefits (if any) in respect of the termination of employment of any NTELOS Employee by a member of
the NTELOS Group following the Distribution Date (other than an NTELOS Employee who becomes a Delayed Transfer Employee). 
 (c) Delayed Transfer Employees. On such date as the Parties may mutually agree upon, but in no event later than the last business day prior to the second anniversary of the Distribution Date (or
such later date as mutually agreed to by the Parties), NTELOS and Wireline shall mutually agree upon a list (Schedule C to this Agreement, which may be amended to add or remove employees in writing by mutual agreement of the Parties at any
time prior to the second anniversary of the Distribution Date) of employees, if any, of any member of the NTELOS Group who shall be offered employment by a member of the Wireline Group after the Distribution Date but prior to the second anniversary
of the Distribution Date (or such later date as mutually agreed to by the Parties) and a member of the Wireline Group shall make an offer of employment to each employee on such list, effective as of such date as the Parties may mutually agree upon
but in no event later than the last business day prior to the second anniversary of the Distribution Date (or such later date as mutually agreed to by the Parties). Each employee who is offered employment by a member of the Wireline Group pursuant
to this Section 2.1(c) and who expressly accepts such offer and commences employment is referred to as a Delayed Transfer Employee. The employment of each Delayed Transfer Employee with the relevant member of the NTELOS Group shall be
terminated, and each Delayed Transfer Employee shall become an employee of a member of the Wireline Group, effective as of such date as the Parties may mutually agree upon, but in no event later than the last business day prior to the second
anniversary of the Distribution Date (or such later date as mutually agreed to by the Parties). For the period after the Delayed Transfer Employee’s Transfer Date and prior to the first anniversary of the Distribution Date, Wireline shall
maintain or cause to be maintained for the benefit of each Delayed Transfer Employee base salary or hourly compensation, as applicable, annual cash incentive opportunities, long-term incentive opportunities and benefits that are substantially
comparable in the aggregate to that provided to such Delayed Transfer Employee immediately prior to the Distribution Date; provided, however, that nothing herein shall be construed as (i) requiring any member of the Wireline Group to continue
the employment of any specific Delayed Transfer Employee for any particular period of time after the Delayed Transfer Employee’s Transfer Date or to provide any specific level or kind of base salary or hourly compensation, annual cash incentive
opportunities, long-term incentive opportunities or benefits after the Delayed Transfer Employee’s Transfer Date or to continue any benefits at current costs or cost-sharing levels or (ii) precluding any member of the Wireline Group from
making any adverse changes to the compensation and benefits of any specific Delayed Transfer Employee in the course of performance evaluations. No member of the Wireline Group shall be responsible for any severance payments or benefits in respect of
the termination of employment of any Delayed Transfer Employee by any member of the NTELOS Group pursuant to this Section 2.1(c); provided, however, that the applicable member of the Wireline Group shall be responsible for severance payments or
benefits (if any) in respect of the termination of the employment of 

  
 11 

 
any Delayed Transfer Employee by a member of the Wireline Group following the Delayed Transfer Employee’s Transfer Date (other than for any Delayed Transfer Employee who becomes an NTELOS
Delayed Transfer Employee). 
 (d) NTELOS Delayed Transfer Employee. On such date as the Parties may
mutually agree upon, but in no event later than second anniversary of the Distribution Date (or such later date as mutually agreed to by the Parties), NTELOS and Wireline shall mutually agree upon a list (Schedule D to this Agreement, which
may be amended to add or remove employees in writing by mutual agreement of the Parties at any time prior to the second anniversary of the Distribution Date) of employees, if any, of any member of the Wireline Group who shall be offered employment
by a member of the NTELOS Group after the Distribution Date but prior to the second anniversary of the Distribution Date (or such later date as mutually agreed to by the Parties) and a member of the NTELOS Group shall make an offer of employment to
each employee on such list, effective as of such date as the Parties may mutually agree upon but in no event later than the last business day prior to the second anniversary of the Distribution Date (or such later date as mutually agreed to by the
Parties). Each employee who is offered employment by a member of the NTELOS Group pursuant to this Section 2.1(d) and who expressly accepts such offer and commences employment is referred to as an NTELOS Delayed Transfer Employee. The
employment of each NTELOS Delayed Transfer Employee with the relevant member of the Wireline Group shall be terminated, and each NTELOS Delayed Transfer Employee shall become an employee of a member of the NTELOS Group, effective as of such date as
the Parties may mutually agree upon, but in no event later than the last business day prior to the second anniversary of the Distribution Date (or such later date as mutually agreed to by the Parties). For the period after the NTELOS Delayed
Transfer Employee’s Transfer Date and prior to the first anniversary of the Distribution Date, NTELOS shall maintain or cause to be maintained for the benefit of each NTELOS Delayed Transfer Employee base salary or hourly compensation, as
applicable, annual cash incentive opportunities, long-term incentive opportunities and benefits that are substantially comparable in the aggregate to that provided to such NTELOS Delayed Transfer Employee immediately prior to the Distribution Date;
provided, however, that nothing herein shall be construed as (i) requiring any member of the NTELOS Group to continue the employment of any specific NTELOS Delayed Transfer Employee for any particular period of time after the NTELOS Delayed
Transfer Employee’s Transfer Date or provide any specific level or kind of base salary or hourly compensation, annual cash incentive opportunities, long-term incentive opportunities or benefits after the NTELOS Delayed Transfer Employee’s
Transfer Date or to continue any benefits at current costs or cost-sharing levels or (ii) precluding any member of the NTELOS Group from making any adverse changes to the compensation and benefits of any specific NTELOS Delayed Transfer
Employee in the course of performance evaluations. No member of the Wireline Group shall be responsible for any severance payments or benefits in respect of the termination of employment of any NTELOS Delayed Transfer Employee by any member of the
Wireline Group pursuant to this Section 2.1(d); provided, however, that the applicable member of the NTELOS Group shall be responsible for severance payments or benefits (if any) in respect of the termination of employment of any NTELOS Delayed
Transfer Employee by a member of the NTELOS Group following the NTELOS Delayed Transfer Employee’s Transfer Date (other than any NTELOS Delayed Transfer Employee who becomes a Delayed Transfer Employee). 

  
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 (e) Former NTELOS Employees and Former Wireline Employees. On such
date as the Parties may mutually agree upon, but in no event later than the last business day prior to the Distribution Date, NTELOS and Wireline shall mutually agree upon a list (Schedule E to the Agreement, which may be amended to add or
remove employees in writing by mutual agreement of the Parties at any time prior to the second anniversary of the Distribution Date) of Former NTELOS Employees and Former Wireline Employees for purposes of this Agreement. 

2.2 ASSUMPTION AND RETENTION OF LIABILITIES; RELATED ASSETS. 

(a) NTELOS. As of the Distribution Date, except as otherwise expressly provided for in this Agreement, NTELOS
shall, or shall cause one or more members of the NTELOS Group to, assume or retain, as applicable, and NTELOS hereby agrees to pay, perform, fulfill and discharge, in due course in full (i) all Liabilities under all NTELOS Benefit Plans,
(ii) all Liabilities with respect to the employment, service, termination of employment or termination of service of all NTELOS Employees, Former NTELOS Employees and their dependents and beneficiaries and (iii) any other Liabilities
expressly assigned or allocated to NTELOS or any member of the NTELOS Group under this Agreement, and Wireline shall have no responsibility for any such Liabilities. 

(b) Wireline. As of the Distribution Date, except as otherwise expressly provided for in this Agreement, Wireline
shall, or shall cause one or more members of the Wireline Group to, assume or retain, as applicable, and Wireline hereby agrees to pay, perform, fulfill and discharge, in due course in full (i) all Liabilities under all Wireline Benefit Plans,
(ii) all Liabilities with respect to the employment, service, termination of employment or termination of service of all Wireline Employees, Former Wireline Employees and their dependents and beneficiaries and (iii) any other Liabilities
expressly assigned or allocated to Wireline or any member of the Wireline Group under this Agreement, and NTELOS shall have no responsibility for any such Liabilities. The assumption by Wireline of Liabilities under this Agreement shall not create
any obligation on Wireline to reimburse NTELOS for any Liabilities paid or discharged by NTELOS before the Distribution Date. 
 (c) Reimbursements. 
 (i) From time to time after the
Distribution Date, Wireline shall promptly reimburse NTELOS, upon NTELOS’ reasonable request and the presentation by NTELOS of such substantiating documentation as Wireline shall reasonably request, for the cost of any Liabilities satisfied by
NTELOS or any member of the NTELOS Group that are pursuant to this Agreement the responsibility of Wireline or any member of the Wireline Group. 
 (ii) From time to time after the Distribution Date, NTELOS shall promptly reimburse Wireline, upon Wireline’s reasonable request and the presentation by Wireline of such substantiating documentation
as NTELOS shall reasonably request, for the cost of any Liabilities satisfied by Wireline or any member of the Wireline Group that are pursuant to this Agreement the responsibility of NTELOS or any member of the NTELOS Group. 

2.3 WIRELINE PARTICIPATION IN NTELOS BENEFIT PLANS. Except as otherwise expressly provided for in this Agreement or as otherwise
expressly agreed to in writing 

  
 13 

 
between the Parties, (i) effective as of the Distribution Date, Wireline and each member of the Wireline Group shall cease to be a Participating Company, and (ii) each (A) Wireline
Participant and each other employee of the Wireline Group as of the Distribution Date, and (B) Delayed Transfer Employee, effective as of such Delayed Transfer Employee’s Transfer Date, shall cease to participate in, be covered by, accrue
benefits under, be eligible to contribute to or have any rights under any NTELOS Benefit Plan, and NTELOS and Wireline shall take all necessary action to effectuate each such cessation. Notwithstanding the foregoing, an NTELOS Delayed Transfer
Employee will be eligible to participate in, accrue benefits under, be eligible to contribute to or have rights under an NTELOS Benefit Plan pursuant to its terms, effective as of such NTELOS Delayed Transfer Employee’s Transfer Date.

 2.4 SERVICE RECOGNITION. 
 (a) Pre-Distribution Service Credit. Wireline shall give each Wireline Participant and Delayed Transfer Employee full credit for purposes of eligibility, vesting, determination of level of
benefits, and, to the extent applicable, benefit accruals under any Wireline Benefit Plan for such Wireline Participant’s or Delayed Transfer Employee’s service with any member of the NTELOS Group prior to the Distribution Date or
applicable Transfer Date to the same extent such service was recognized by the corresponding NTELOS Benefit Plan immediately prior to the Distribution Date or applicable Transfer Date; provided, however, that such service shall not be recognized to
the extent that such recognition would result in the duplication of benefits under a Wireline Benefit Plan and an NTELOS Benefit Plan. 
 (b) Post-Distribution Reciprocal Service Crediting. Each of NTELOS and Wireline (acting directly or through members of the NTELOS Group or the Wireline Group, respectively) shall cause each of the
NTELOS Service Plans and the Wireline Service Plans, respectively, to provide the following service crediting rules effective as of the Distribution Date: 
 (i) If NTELOS and Wireline agree in writing to the transfer of an NTELOS Employee (including a Delayed Transfer Employee) to a member of the Wireline Group, such NTELOS Employee was a participant in any
of the NTELOS Service Plans and such transfer is effective prior to the second anniversary of the Distribution Date (or such later date as mutually agreed to in writing by the Parties) and such NTELOS Employee is continuously employed by the NTELOS
Group from the Distribution Date through the date which comes immediately before such NTELOS Employee commences active employment with a member of the Wireline Group, then such NTELOS Employee’s service with the NTELOS Group following the
Distribution Date shall be recognized under the corresponding Wireline Service Plans for purposes of eligibility, vesting and level of benefits (other than benefit accruals under the Wireline Retirement Pension Plan), in each case to the same extent
as such NTELOS Employee’s service with the NTELOS Group was recognized under the corresponding NTELOS Service Plans; provided, however, that such service shall not be recognized to the extent that such recognition would result in the
duplication of benefits under a Wireline Benefit Plan and an NTELOS Benefit Plan. 
 (ii) Except as provided in
Section 2.4(b)(i), if an NTELOS Employee after the Distribution Date becomes employed by a member of the Wireline Group, then, except to the extent required by applicable Law, such individual’s service with the NTELOS Group

  
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following the Distribution Date will not be recognized for any purpose under any Wireline Benefit Plan. 
 (iii) If NTELOS and Wireline agree in writing to the transfer of a Wireline Employee to, or Delayed Transfer Employee back to, a member of the NTELOS Group, such Wireline Employee or Delayed Transfer
Employee was a participant in any of the Wireline Service Plans and such transfer is effective prior to the second anniversary of the Distribution Date (or such later date as mutually agreed to in writing by the Parties) and such Wireline Employee
or Delayed Transfer Employee is continuously employed by the Wireline Group from the Distribution Date or Transfer Date, as applicable, through the date which comes immediately before such Wireline Employee or Delayed Transfer Employee commences
active employment with a member of the NTELOS Group, then such Wireline Employee’s or Delayed Transfer Employee’s service with the Wireline Group following the Distribution Date or Transfer Date, as applicable, shall be recognized under
the appropriate NTELOS Service Plans (other than benefit accruals under the NTELOS Retirement Pension Plan) for purposes of eligibility, vesting and level of benefits, in each case to the same extent as such Wireline Employee’s or Delayed
Transfer Employee’s service with the Wireline Group was recognized under the corresponding Wireline Service Plans; provided, however, that such service shall not be recognized to the extent that such recognition would result in the duplication
of benefits under a Wireline Benefit Plan and an NTELOS Benefit Plan. 
 (iv) Except as provided in
Section 2.4(b)(iii), if a Wireline Employee after the Distribution Date or a Delayed Transfer Employee after the applicable Transfer Date becomes employed by a member of the NTELOS Group, then, except to the extent required by applicable Law,
such individual’s service with the Wireline Group following the Distribution Date or Transfer Date, as applicable, will not be recognized for any purpose under any NTELOS Benefit Plan. 

2.5 APPROVAL BY NTELOS AS SOLE STOCKHOLDER; APPROVAL BY WIRELINE. Effective as of the Distribution Date, Wireline shall have
(a) adopted (i) the Wireline Equity Incentive Plan which shall permit the issuance of equity incentive awards that have material terms and conditions substantially similar to those equity incentive awards issued under the NTELOS Stock
Plans, and (ii) the Wireline Employee Stock Purchase Plan, and (b) filed and caused to be effective any and all registration statements and other reports or filings required to register shares for issuance under either such plan, including
without limitation, by way of conversion pursuant to Section 14 of this Agreement. The Wireline Equity Incentive Plan and the Wireline Employee Stock Purchase Plan shall be approved prior to the Distribution Date by NTELOS as Wireline’s
sole shareholder. Notwithstanding the foregoing, any awards granted under the Wireline Equity Incentive Plan or the Wireline Employee Stock Purchase Plan (including by way of conversion pursuant to Section 14 of this Agreement) shall be
authorized and made by the Wireline Committee. 

  
 15 

 SECTION 3 
 NTELOS RETIREMENT PENSION PLAN 
 3.1 ESTABLISHMENT OF WIRELINE RETIREMENT
PENSION PLAN. Effective as of the Distribution Date, Wireline shall, or shall have caused one or more members of the Wireline Group to, adopt a defined benefit pension plan and related trust to provide retirement benefits to Wireline Participants
who immediately prior to the Distribution Date were participants in, or entitled to present or future benefits (whether or not vested) under, the NTELOS Retirement Pension Plan (such defined benefit pension plan, the “Wireline Retirement
Pension Plan” and such Wireline Participants, the “Wireline Plan Participants”). Wireline shall be responsible for taking appropriate action to adopt and administer the Wireline Retirement Pension Plan so that it is
qualified under Section 401(a) of the Code and that the trust which is a part of such plan is exempt under Section 501(a) of the Code. Notwithstanding the foregoing, until the date of the Initial Cash Transfer, all benefits payable to
Wireline Plan Participants (including benefits that have accrued under the Wireline Retirement Pension Plan following the Distribution Date) shall be paid on behalf of the Wireline Retirement Pension Plan from the NTELOS Pension Trust, and following
the date of the Initial Cash Transfer, all benefits payable to Wireline Plan Participants (including benefits that have accrued under the NTELOS Retirement Pension Plan) shall be paid from the Wireline Pension Trust. Wireline (acting directly or
through one or more members of the Wireline Group) shall be responsible for any and all Liabilities (including Liabilities for funding) and other obligations with respect to the Wireline Retirement Pension Plan. 

3.2 WIRELINE PLAN PARTICIPANTS. 
 (a) Assumption of NTELOS Retirement Pension Plan Liabilities. Subject to the Plan Asset transfer described in Section 3.2(b), Wireline (acting directly or through a member of the Wireline
Group) hereby agrees to cause the Wireline Retirement Pension Plan effective as of the date of the Initial Cash Transfer to assume, and to fully perform, pay and discharge, all accrued benefits under the NTELOS Retirement Pension Plan relating to
all Wireline Plan Participants as of the Distribution Date (inclusive of benefits paid by the NTELOS Retirement Pension Plan to Wireline Plan Participants following the Distribution Date, but prior to the date of the Initial Cash Transfer Date in
accordance with Section 3.1). 
 (b) Transfer of NTELOS Retirement Pension Plan Assets. 

(i) (A) The Parties agree that the Plan Assets and any related earnings or losses shall be determined and transferred
to the Wireline Pension Trust from the NTELOS Pension Trust in accordance with Section 414(l) of the Code, Treasury Regulation Section 1.414(l)-1, Section 208 of ERISA and the assumptions and valuation methodology which the Pension
Benefit Guaranty Corporation would have used under Section 4044 of ERISA as of the Distribution Date as set forth in Schedule F to this Agreement, which may be amended in writing by mutual agreement of the Parties at any time prior to
the second anniversary of the Distribution Date. 

  
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 (B) No later than thirty (30) days prior to the Distribution Date,
NTELOS and Wireline (acting directly or through members of the NTELOS Group or the Wireline Group, respectively) shall, to the extent necessary, file an IRS Form 5310-A regarding the transfer of Plan Assets and Liabilities from the NTELOS Retirement
Pension Plan to the Wireline Retirement Pension Plan. 
 (ii) As soon as reasonably practicable following the
Distribution Date, NTELOS shall cause the Actuary to determine the estimated value, as of the Distribution Date, of the Plan Assets to be transferred pursuant to Section 3.2(b)(i)(A) of this Agreement to the Wireline Pension Trust (the
“Estimated Retirement Pension Plan Transfer Amount”). 
 (iii) The NTELOS Pension Trust shall
transfer to the Wireline Pension Trust (in a single transfer or in a series of transfers, as needed) an amount in cash which the Parties reasonably agree is at least sufficient to fund benefit payments reasonably projected to be required under the
Wireline Retirement Pension Plan prior to the Initial Transfer Date (the “Initial Cash Transfer”), and the Initial Cash Transfer shall be made on or before the end of the ten (10) business day period which starts on the
Distribution Date. Within thirty (30) business days (or such later time as mutually agreed to by the Parties) following the determination of the Estimated Retirement Pension Plan Transfer Amount, NTELOS and Wireline (each acting directly or
through the members of the NTELOS Group or the Wireline Group, respectively) shall cooperate in good faith to cause an initial transfer of Plan Assets (the date of such transfer, the “Initial Transfer Date”) from the NTELOS Pension
Trust to the Wireline Pension Trust in an amount equal to ninety percent (90%) of the Estimated Retirement Pension Plan Transfer Amount minus the Initial Cash Transfer, adjusted to reflect earnings or losses during the period from the
Distribution Date to the Initial Transfer Date (such amount, the “Initial Transfer Amount”). Such earnings or losses shall be determined based on the actual rate of return on the investments of the NTELOS Pension Trust for the
period commencing on the Distribution Date and ending on the last day of the calendar month ending immediately prior to the Initial Transfer Date. Unless otherwise agreed to by the Parties in writing, NTELOS shall satisfy its obligation pursuant to
this Section 3.2(b)(iii) by causing the NTELOS Pension Trust to transfer Plan Assets in kind to the extent practicable equal to the Initial Transfer Amount consisting of a pro rata percentage (rounded up or down to the nearest whole lot or
distributable unit) of all investments under the NTELOS Retirement Pension Plan and to transfer the balance of the Initial Transfer Amount in cash. 
 (iv) Within thirty (30) days, or such other period of time as mutually agreed upon by NTELOS and Wireline, following the Initial Transfer Date, NTELOS shall cause the trustee of the NTELOS Pension
Trust to calculate the earnings or losses on the investments of the NTELOS Pension Trust for the period commencing on the first day of the calendar month containing the Initial Transfer Date and ending on the Initial Transfer Date. The Initial
Transfer Amount shall be hypothetically recalculated as if such earnings or losses had been credited to or debited against the Initial Transfer Amount and the difference between the Initial Transfer Amount and such recalculated amount shall be the
“ITA Adjustment.” 
 (v) Within one hundred twenty (120) days, or such other period of time
as agreed upon by NTELOS and Wireline, following the Initial Transfer Date, NTELOS shall cause the Actuary to calculate (in accordance with Section 3.2(b)(i)(A) of this Agreement) 

  
 17 

 
the final, verified value, as of the Distribution Date, of the Plan Assets to be transferred to the Wireline Pension Trust, which shall be referred to herein as the “Final Retirement
Pension Plan Transfer Amount.” 
 (vi) Within forty-five (45) days (or within such other period of
time as agreed upon in writing by the Parties) of the determination of the Final Retirement Pension Plan Transfer Amount, NTELOS shall cause the NTELOS Pension Trust to transfer to the Wireline Pension Trust (the date of such transfer, the
“Final Transfer Date”) an amount (the “True-Up Amount”), in accordance with Section 3.2(b)(vii), equal to (A) the sum of (1) the Final Retirement Pension Plan Transfer Amount and (2) if the ITA
Adjustment reflects net earnings on the Initial Transfer Amount, the ITA Adjustment, minus (B) the sum of (1) the Initial Transfer Amount, (2) the amount of the Initial Cash Transfer, (3) if the ITA Adjustment reflects net losses
on the Initial Transfer Amount, the ITA Adjustment (expressed as a positive number), and (4) the aggregate amount of payments made from the NTELOS Pension Trust on behalf of the Wireline Retirement Pension Plan to Wireline Plan Participants in
order to satisfy any benefit obligation with respect to such Wireline Plan Participants during the period commencing on the Distribution Date and ending on the date of the Initial Cash Transfer; provided, that, the True-Up Amount shall be adjusted
to reflect earnings or losses as described in Section 3.2(b)(vii); and provided, further, that in the event the sum of clauses (B)(1), (B)(2), (B)(3) and (B)(4) of this Section 3.2(b)(vi) is greater than the sum of clauses (A)(1)
and (A)(2) of this Section 3.2(b)(vi), NTELOS shall not be required to cause any such additional transfer and instead Wireline shall be required to cause a transfer of cash from the Wireline Pension Trust to the NTELOS Pension Trust in amount
equal to the amount by which the sum of clauses (B)(1), (B)(2), (B)(3) and (B)(4) of this Section 3.2(b)(vi) exceeds the sum of clauses (A)(1) and (A)(2) of this Section 3.2(b)(vi). 

(vii) The True-Up Amount shall be transferred from the NTELOS Pension Trust to the Wireline Pension Trust, and the
transfer shall (unless otherwise agreed to by the Parties in writing) be made to the extent practicable in kind, consisting of a pro rata percentage (rounded up or down to the nearest whole lot or distributable unit) of all investments under the
NTELOS Retirement Pension Plan and the balance of the True-Up Amount shall be transferred in cash. The True-Up Amount shall be adjusted to reflect earnings or losses during the period from the Distribution Date to the Final Transfer Date. Such
earnings or losses shall be determined based on the actual rate of return of the investments of the NTELOS Pension Trust for the period commencing on the Distribution Date and ending on the last calendar day of the month ending immediately prior to
the Final Transfer Date. 
 (viii) Within thirty (30) days, or such other period of time as agreed upon by
NTELOS and Wireline, following the Final Transfer Date, NTELOS shall cause the trustee of the NTELOS Pension Trust to calculate the earnings or losses on the investments of the NTELOS Pension Trust for the period commencing on the first day of the
calendar month containing the Final Transfer Date and ending on the Final Transfer Date. The True-Up Amount shall be hypothetically recalculated as if such earnings or losses had been credited to or debited against the True-Up Amount. If, under such
calculation, there were earnings on the True-Up Amount, the NTELOS Pension Trust shall transfer to the Wireline Pension Trust an amount of cash equal to such hypothetical earnings. If, under such calculation, there were losses on the True-Up Amount,
Wireline shall be required to cause a transfer of cash from the Wireline 

  
 18 

 
Pension Trust to the NTELOS Pension Trust in an amount equal to such losses. The transfer required by this Section 3.2(b)(viii) shall be made within forty-five (45) days of the Final
Transfer Date. 
 (ix) Notwithstanding the foregoing, if a Wireline Plan Participant after the Distribution Date
becomes an NTELOS Delayed Transfer Employee, then, the foregoing calculations shall be adjusted to take into account the fact that the Wireline Plan Participant after the Distribution Date has become an NTELOS Delayed Transfer Employee. 

(c) Continuation of Elections. As of the Distribution Date, Wireline (acting directly or through a member of the
Wireline Group) shall cause the Wireline Retirement Pension Plan to recognize all existing elections, including, but not limited to, beneficiary designations, payment form elections and rights of alternate payees under qualified domestic relations
orders with respect to Wireline Plan Participants under the NTELOS Retirement Pension Plan. 
 3.3 DELAYED TRANSFER EMPLOYEES.

 (a) Assumption of NTELOS Retirement Pension Plan Liabilities. Subject to the asset transfer described
in Section 3.3(b) with respect to each Delayed Transfer Employee, effective as of such Delayed Transfer Employee’s Transfer Date, Wireline (acting directly or through members of the Wireline Group) shall cause the Wireline Retirement
Pension Plan to assume, and to fully perform, pay and discharge, all benefits accrued under the NTELOS Retirement Pension Plan relating to such Delayed Transfer Employee through such Delayed Transfer Employee’s Transfer Date. Each Delayed
Transfer Employee shall receive service credit under the Wireline Retirement Pension Plan for service completed with NTELOS or a member of the NTELOS Group for the period commencing on the Distribution Date and ending on such Delayed Transfer
Employee’s Transfer Date but shall receive no credit under such plan for compensation paid by NTELOS for such service. 
 (b) Transfer of NTELOS Retirement Pension Plan Assets. 
 (i)
The Parties agree that the assets of the NTELOS Pension Trust allocable to pay the benefits accrued by the Delayed Transfer Employees shall be transferred to the Wireline Pension Trust in accordance with Section 3.2(b)(i)(A) of this Agreement.
No later than thirty (30) days after the second anniversary of the Distribution Date (or such other date as mutually agreed to by the Parties) (the “Delayed Transfer Calculation Date”), NTELOS and Wireline (acting directly or
through members of the NTELOS Group or the Wireline Group, respectively) shall, if then deemed necessary or appropriate, file an IRS Form 5310-A regarding the transfer of such assets and Liabilities from the NTELOS Pension Trust to the Wireline
Pension Trust with respect to the Delayed Transfer Employees. 
 (ii) No later than one hundred twenty
(120) days, or such other period of time as agreed upon by NTELOS and Wireline, following the Delayed Transfer Calculation Date, NTELOS shall cause the Actuary to calculate (in accordance with Section 3.2(b)(i) of this Agreement) the
final, verified value of the assets to be transferred to the Wireline Pension Trust 

  
 19 

 
with respect to the Delayed Transfer Employees, which amount shall be referred to as the “Final Delayed Transfer Amount.” 

(iii) Within thirty (30) days following the determination of the Final Delayed Transfer Amount, NTELOS shall cause
the NTELOS Pension Trust to transfer to the Wireline Pension Trust (the date of such transfer, the “Final Delayed Transfer Date”) an amount equal to the Final Delayed Transfer Amount, adjusted to reflect investment earnings or
losses of the NTELOS Pension Trust during the period from the Delayed Transfer Calculation Date through the Final Delayed Transfer Date. Such investment earnings or losses shall be determined based on the actual investment rate of return on the
assets of the NTELOS Pension Trust for the period commencing on the Delayed Transfer Calculation Date and ending on the last calendar day of the month ending immediately prior to the Final Delayed Transfer Date. NTELOS shall satisfy its obligation
pursuant to this Section 3.3(b)(iii) by causing the NTELOS Pension Trust to transfer assets in kind to the extent practicable equal to the Final Delayed Transfer Amount consisting of a pro rata percentage (rounded up or down to the nearest
whole lot or distributable unit) of all investments under the NTELOS Retirement Pension Plan and to transfer the balance of the Final Delayed Transfer Amount in cash. 

(iv) Within thirty (30) days, or such other period of time as mutually agreed upon by NTELOS and Wireline, following
the Final Delayed Transfer Date, NTELOS shall cause the trustee of the NTELOS Pension Trust to calculate the earnings and losses on the investments of the NTELOS Pension Trust for the period commencing on the first day of the calendar month
containing the Final Delayed Transfer Date and ending on the Final Delayed Transfer Date. The Final Delayed Transfer Date Amount shall be hypothetically recalculated as if such earnings or losses had been credited to or debited against the Final
Delayed Transfer Amount. If, under such calculation, there were earnings on the Final Delayed Transfer Amount, the NTELOS Pension Trust shall transfer to the Wireline Pension Trust an amount of cash equal to such hypothetical earnings. If, under
such calculation, there were losses on the Final Delayed Transfer Amount, Wireline shall be required to cause a transfer of cash from the Wireline Master Trust to the NTELOS Pension Trust in an amount equal to such losses. The transfer required by
this Section 3.3(b)(iv) shall be made within forty-five (45) days of the Final Delayed Transfer Date. 

(v) Notwithstanding the foregoing, if a Delayed Transfer Employee after the applicable Transfer Date becomes an NTELOS
Delayed Transfer Employee, then, the foregoing calculations shall be adjusted to take into account the fact that the Delayed Transfer Employee after the applicable Transfer Date has become an NTELOS Delayed Transfer Employee. 

(c) Continuation of Elections. As of each Delayed Transfer Employee’s Transfer Date, Wireline (acting directly
or through a member of the Wireline Group) shall cause the Wireline Retirement Pension Plan to recognize all existing elections including beneficiary designations, payment form elections and rights of alternate payees under qualified domestic
relations orders with respect to such Delayed Transfer Employee under the NTELOS Retirement Pension Plan. 

  
 20 

 3.4 ALTERNATIVE PROCEDURES. Notwithstanding the foregoing provisions of this Section 3,
the Parties acknowledge that the trustee for the NTELOS Pension Trust may propose alternative procedures for transferring (or accounting for the transfer of) Plan Assets and any related earnings and losses from the NTELOS Pension Trust to the
Wireline Pension Trust with respect to Wireline Plan Participants and Delayed Transfer Employees. The Parties agree to reasonably cooperate with each other and the trustee for the NTELOS Pension Trust to evaluate any such alternative procedures and,
upon the written agreement of the Parties, may utilize such alternative procedures in lieu of the procedures set forth in the foregoing provisions of this Section 3; provided, however, that any such alternative procedures must
(a) comply with applicable Law, and (b) provide for the transfer of Plan Assets and related earnings and losses in accordance with Section 414(1) of the Code, Treasury Regulation Section 1.414(1)-1, Section 208 of ERISA and
the assumptions and valuation methodology which the Pension Benefit Guaranty Corporation would have used under Section 4044 of ERISA as of the Distribution Date as set forth on Schedule C of this Agreement. 

SECTION 4 

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 4.1 ADOPTION OF WIRELINE SERP. Effective as of the Distribution Date, Wireline as a part of the transfer of Plan Assets and Liabilities from the NTELOS Retirement Pension Plan to the Wireline Retirement
Pension Plan shall, or shall cause a member of the Wireline Group to, adopt the NTELOS SERP with respect to the Wireline Plan Participants (the “Wireline SERP”) and, effective as of the Distribution Date, Wireline hereby agrees to
cause the Wireline SERP to assume responsibility for all Liabilities and fully perform, pay and discharge all obligations, when such obligations become due, of the NTELOS SERP with respect to all such Wireline Plan Participants. With respect to each
Delayed Transfer Employee, effective as of such Delayed Transfer Employee’s Transfer Date, Wireline shall cause the Wireline SERP to assume, and to fully perform, pay and discharge, all Liabilities of the NTELOS SERP with respect to such
Delayed Transfer Employee. Wireline (acting directly or through a member of the Wireline Group) shall be responsible for any and all Liabilities (including Liabilities for paying benefits) and other obligations with respect to the Wireline SERP.
With respect to each NTELOS Delayed Transfer Employee, effective as of such NTELOS Delayed Transfer Employee’s Transfer Date, NTELOS shall cause the NTELOS SERP to assume, and to fully perform, pay and discharge, all Liabilities of the Wireline
SERP with respect to such NTELOS Delayed Transfer Employee. NTELOS (acting directly or through a member of the NTELOS Group) shall be responsible for any and all Liabilities (including Liabilities for paying benefits) and other obligations with
respect to the NTELOS SERP. 
 4.2 CONTINUATION OF ELECTIONS. As of the Distribution Date, Wireline (acting directly or through
a member of the Wireline Group) shall cause the Wireline SERP to recognize any election with respect to the form of distribution then in effect with respect to any Wireline Plan Participants under the NTELOS SERP. With respect to each Delayed
Transfer Employee who participated in the NTELOS SERP, effective as of such Delayed Transfer Employee’s Transfer Date, Wireline (acting directly or through a member of the Wireline Group) shall cause the Wireline SERP to recognize and maintain
any election with respect to the form of distribution then in effect with respect to such Delayed Transfer Employee under the NTELOS 

  
 21 

 
SERP. With respect to each NTELOS Delayed Transfer Employee, effective as of such NTELOS Delayed Transfer Employee’s Transfer Date, NTELOS (acting directly or through a member of the NTELOS
Group) shall cause the NTELOS SERP to recognize and maintain any election with respect to the form of distribution then in effect with respect to such NTELOS Delayed Transfer Employee under the Wireline SERP. 

4.3 SEPARATION FROM SERVICE. The Parties acknowledge and agree that the transfer of any individuals who are participants in the NTELOS
SERP or the Wireline SERP from NTELOS or any member of the NTELOS Group to Wireline or any member of the Wireline Group, or from Wireline or any member of the Wireline Group to NTELOS or any member of the NTELOS Group, pursuant to this Agreement
will not constitute a “separation from service” under the NTELOS SERP or the Wireline SERP. 
 SECTION 5

 401(K) PLANS 
 5.1 WIRELINE 401(k) PLAN. 
 (a) Establishment of the Wireline
401(k) Plan. 
 (i) NTELOS will establish prior to the Distribution Date a defined contribution plan for the
benefit of individuals, who would have been Wireline Employees on such date if the date of establishment of such plan were the Distribution Date (the “Wireline 401(k) Participants”), and such plan will have eligibility, contribution
and vesting provisions which are the same as the eligibility, contribution and vesting provisions of the NTELOS 401(k) Plan as in effect on such date (the “Wireline 401(k) Plan”). Effective as of the Distribution Date, any shares of
NTELOS Common Stock held in the NTELOS 401(k) Plan shall be treated like any other outstanding shares of NTELOS Common Stock in connection with the Separation. Notwithstanding the foregoing, however, after the Distribution Date, any matching
contributions under the Wireline 401(k) Plan that are to be made in employer stock shall be made in Wireline Common Stock, and any matching contributions that are to be made in employer stock to the NTELOS 401(k) Plan shall be made in NTELOS Common
Stock. Each Delayed Transfer Employee shall receive service credit under the Wireline 401(k) Plan for service completed with NTELOS or a member of the NTELOS Group and for the period commencing on such date and ending on such Delayed Transfer
Employee’s Transfer Date but shall receive no credit under such plan for compensation paid by NTELOS for such service. 
 (ii) NTELOS before the Distribution Date shall be responsible for taking all appropriate action to establish and administer the Wireline 401(k) Plan so that it is qualified under Section 401(a) of
the Code and that the NTELOS 401(k) Trust which is a part of such plan is exempt under Section 501(a) of the Code. Wireline on the Distribution Date shall assume the Wireline 401(k) Plan and all of NTELOS’ rights and obligations under such
plan and shall be responsible for taking all appropriate action to administer the Wireline 401(k) Plan so that it remains qualified under Section 401(a) of the Code. 

  
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 (iii) Effective as of the Distribution Date, Wireline shall establish the
Wireline 401(k) Trust which shall be a part of the Wireline 401(k) Plan on and after the Distribution Date, and Wireline shall be responsible for taking all necessary action so that such trust is exempt under Section 501(a) of the Code.
Wireline (acting directly or through a member of the Wireline Group) shall be responsible for any and all Liabilities (including all Liabilities for funding) with respect to the Wireline 401(k) Plan. The NTELOS 401(k) Trust shall remain a part of
the Wireline 401(k) Plan until the date all of the assets held in such trust which are properly allocable to Wireline 401(k) Participants have been transferred to the Wireline 401(k) Trust. NTELOS (acting directly or through a member of the NTELOS
Group) shall be responsible for any and all Liabilities (including Liabilities for funding) with respect to the NTELOS 401(k) Plan. 
 (b) Transfer of NTELOS and Wireline 401(k) Plan Assets. 

(i) As soon as reasonably practicable (but not later than thirty (30) days) following the Distribution Date, NTELOS
shall cause the trustee for the NTELOS 401(k) Trust to transfer in-kind the assets underlying the account balances (including any unvested balances, outstanding loan balances and forfeitures) held in the NTELOS 401(k) Trust for the Wireline 401(k)
Participants (the “Wireline 401(k) Assets”) to the Wireline 401(k) Trust, and Wireline shall cause the Wireline 401(k) Trust to accept the transfer of the Wireline 401(k) Assets. Wireline effective as of the date of such transfer
shall assume and fully perform, pay and discharge, all Liabilities of the Wireline 401(k) Plan. The transfer of the Wireline 401(k) Assets shall be conducted in accordance with Section 414(l) of the Code, Treasury Regulation
Section 1.414(1)-1, and Section 208 of ERISA. 
 (ii) As soon as reasonably practicable (but not later
than thirty (30) days) following the second year anniversary of the Distribution Date, NTELOS shall cause the trustee for the NTELOS 401(k) Trust to transfer in-kind the assets underlying account balances (including any unvested balances, any
outstanding loan balances and forfeitures) held in the NTELOS 401(k) Trust for the Delayed Transferred Employees to the Wireline 401(k) Trust (the “Delayed 401(k) Assets”), and Wireline shall cause the Wireline 401(k) Trust to
accept the transfer of the Delayed 401(k) Assets. Wireline effective as of the date of such transfer shall assume and fully perform, pay and discharge, all Liabilities relating to the Delayed 401(k) Assets as of such transfer date. The transfer of
the Delayed 401(k) Assets shall be conducted in accordance with Section 414(l) of the Code, Treasury Regulation Section 1.414(l)-1, and Section 208 of ERISA. 

(iii) As soon as reasonably practicable (but not later than thirty (30) days) following the second anniversary of the
Distribution Date, Wireline shall cause the Trustee for the Wireline 401(k) Plan to transfer in-kind the assets underlying account balances (including any unvested balances, any outstanding loan balances and forfeitures) held in the Wireline 401(k)
Trust for the NTELOS Delayed Transfer Employees to the NTELOS 401(k) Trust (the “NTELOS Delayed 401(k) Assets”), and NTELOS shall cause the NTELOS 401(k) Trust to accept the transfer of the NTELOS Delayed 401(k) Assets. NTELOS
effective as of the date of such transfer shall assume and fully perform, pay and discharge, all Liabilities relating to the NTELOS Delayed 401(k) Assets as of such transfer date. The transfer of the NTELOS Delayed

  
 23 

 
401(k) Assets shall be conducted in accordance with Section 414(l) of the Code, Treasury Regulation Section 1.414(l)-1, and Section 208 of ERISA. 

(iv) NTELOS and Wireline agree to cooperate, and NTELOS agrees to cause the trustee for the NTELOS 401(k) Trust and
Wireline agrees to cause the trustee for the Wireline 401(k) Trust to cooperate, to assure the transfers described in this Section 5.1(b) are effected in a manner intended to have a minimum adverse impact, if any, on participants. 

(c) Continuation of Elections. The Wireline 401(k) Plan shall recognize all elections, including deferral,
investment and payment form elections, beneficiary designations, and the rights of alternate payees under qualified domestic relations orders with respect to Wireline 401(k) Participants under the NTELOS 401(k) Plan. Delayed Transfer Employees will
be eligible to enroll in the Wireline 401(k) Plan in accordance with the terms of such plan and will be eligible to make all elections and beneficiary designations in accordance with the terms of the Wireline 401(k) Plan and the procedures which
Wireline or the Wireline 401(k) Plan has established for the making of such elections and designations. The NTELOS 401(k) Plan shall recognize all elections, including deferral, investment and payment form elections, beneficiary designations and the
rights of alternate payees under qualified domestic relations orders with respect to the NTELOS 401(k) Participants under the NTELOS 401(k) Plan. NTELOS Delayed Transfer Employees will be eligible to enroll in the NTELOS 401(k) Plan in accordance
with the terms of such plan and will be eligible to make all elections and beneficiary designations in accordance with the terms of the NTELOS 401(k) Plan and the procedures which NTELOS or the NTELOS 401(k) Plan has established for the making of
such elections and designations. 
 SECTION 6 
 NTELOS EMPLOYMENT AGREEMENTS 
 6.1 EMPLOYMENT AGREEMENTS. The Parties agree
that NTELOS shall assign to Wireline, and Wireline shall assume, the employment related agreements identified on Schedule G to this Agreement with the individuals identified on Schedule G to this Agreement (which Schedule G may
be amended to add or remove employment related agreements and employees in writing by mutual agreement of the Parties at any time prior to the second anniversary of the Distribution Date) pursuant to the Conveyance and Assumption Instruments under
the Separation and Distribution Agreement, effective as of the time such individual becomes a Wireline Employee or a Delayed Transfer Employee. The Parties agree that Wireline shall assign to NTELOS, and NTELOS shall assume, the employment related
agreements identified on Schedule H to this Agreement with the individuals identified on Schedule H to this Agreement (which Schedule H may be amended to add or remove employment related agreements and employees in writing by
mutual agreement of the parties at any time prior to the second anniversary of the Distribution Date) pursuant to the Conveyance and Assumption Instruments under the Separation and Distribution Agreement in the event any such individual later
becomes an NTELOS Delayed Transfer Employee, effective as of the time such individual becomes an NTELOS Delayed Transfer Employee. The Parties acknowledge and agree that the transfer of any of such individuals from NTELOS or any member of the NTELOS
Group to Wireline or any member of the Wireline Group, or from Wireline or any member of the Wireline Group to NTELOS or any member of the NTELOS Group, pursuant to this Agreement will not 

  
 24 

 
constitute a termination of employment or “separation from service” under any such employment related agreements. 

6.2 NON-COMPETITION. Notwithstanding any other provision of this Agreement, the Parties agree that (i) no Wireline Employee or
Delayed Transfer Employee will be considered to be in competition with NTELOS or a member of the NTELOS Group solely because he or she becomes associated with, employed by, renders services to, or owns any interest in Wireline or a member of the
Wireline Group and (ii) no NTELOS Employee or NTELOS Delayed Transfer Employee will be considered to be in competition with Wireline or a member of the Wireline Group solely because he or she becomes associated with, employed by, renders
services to, or owns any interest in NTELOS or a member of the NTELOS Group, to the extent the employment or transfer of employment of any such employee is consistent with the terms of this Agreement. The Parties also acknowledge that Former NTELOS
Employees and Former Wireline Employees shall not be considered in competition with Wireline or a member of the Wireline Group, or NTELOS or any member of the NTELOS Group, solely by reason of their status as a Former NTELOS Employee or Former
Wireline Employee. 
 SECTION 7 
 RETIREE MEDICAL COVERAGE AND LIFE INSURANCE 
 7.1 TRANSITION PERIOD. For
the period commencing on the Distribution Date and ending on the Welfare Plans Transition Date, NTELOS shall permit Wireline Employees to continue to be eligible, and Former Wireline Employees to continue, to participate in the NTELOS Retiree
Medical Plan (such retiree medical plan, the “NTELOS Retiree Medical Plan”) as in effect on the Distribution Date to the extent such Wireline Employees were eligible to participate, and such Former Wireline Employees participated,
in the NTELOS Retiree Medical Plan immediately prior to the Distribution Date. For the period commencing upon the Effective Date and ending on the Welfare Plans Transition Date, both NTELOS and members of the NTELOS Group, and Wireline and members
of the Wireline Group, and NTELOS Employees, Former NTELOS Employees, Wireline Employees and Former Wireline Employees who were eligible to participate or participated in the NTELOS Retiree Medical Plan immediately prior to the Distribution Date,
will continue to participate in the NTELOS Retiree Medical Plan, pursuant to its terms in effect on the Distribution Date, and NTELOS, as sponsor of the NTELOS Retiree Medical Plan, agrees not to make any modification, amendment or other change to
the NTELOS Retiree Medical Plan, without Wireline’s written consent, that would result in a material diminution in the benefits provided under the NTELOS Retiree Medical Plan prior to the Welfare Plans Transition Date. 

7.2 WIRELINE RETIREE MEDICAL AND LIFE INSURANCE. Effective no later than the Welfare Plans Transition Date, Wireline shall, or shall have
caused one or more members of the Wireline Group to, adopt a retiree plan to provide retiree medical benefits and life insurance in accordance with the terms of the NTELOS Retiree Medical Plan as in effect on the Welfare Plans Transition Date
(i) to Wireline Employees and Wireline Participants who immediately prior to the Welfare Plans Transition Date were participants in the NTELOS Retiree Medical Plan and (ii) to each Delayed Transfer Employee who immediately prior to his or
her Transfer Date is a participant in the NTELOS Retiree Medical Plan (such retiree medical plan, 

  
 25 

 
the “Wireline Retiree Medical Plan” and such Wireline Participants, the “Wireline Retiree Medical Plan Participants”). Wireline shall be responsible for taking
all appropriate action to adopt and administer the Wireline Retiree Medical Plan. Wireline (acting directly or through a member of the Wireline Group) shall be responsible for any and all Liabilities (including Liabilities for funding) with respect
to the Wireline Retiree Medical Plan. Effective as of the Welfare Plans Transition Date, Wireline (acting directly or through a member of the Wireline Group) hereby agrees to cause the Wireline Retiree Medical Plan to assume, and to fully perform,
pay and discharge, all accrued but unpaid benefits as of the Welfare Plans Transition Date, including incurred but unreported claims for benefits, and any credits under the NTELOS Retiree Medical Plan relating to all Wireline Retiree Medical Plan
Participants as of the Welfare Plans Transition Date with respect to individuals described in clause (i) of this Section 7 and as of the applicable Transfer Date with respect to individuals described in clause (ii) of this
Section 7. Wireline (acting directly or through a member of the Wireline Group) shall cause the Wireline Retiree Medical Plan to honor any deductibles, out-of-pocket maximums, and co-payments incurred by Wireline Participants under the NTELOS
Retiree Medical Plan in satisfying any applicable deductibles, out-of-pocket maximums or co-payments under the Wireline Retiree Medical Plan during the same plan year in which such deductibles, out-of-pocket maximums and co-payments were made. With
respect to Wireline Participants, as of the Welfare Plans Transition Date, Wireline (acting directly or through a member of the Wireline Group) shall cause the Wireline Retiree Medical Plan to recognize all elections and designations (including all
coverage and contribution elections and beneficiary designations) made by Wireline Participants under, or with respect to, the NTELOS Retiree Medical Plan, and apply such elections and designations under the Wireline Retiree Medical Plan for the
remainder of the period or periods for which such elections or designations are by their original terms applicable, to the extent an election or designation made under the NTELOS Retiree Medical Plan is available under the Wireline Retiree Medical
Plan. 
 7.3 NTELOS RETIREE MEDICAL AND LIFE INSURANCE. NTELOS shall be responsible for taking all appropriate action to
administer the NTELOS Retiree Medical Plan (such NTELOS Participants, the “NTELOS Retiree Medical Plan Participants”). NTELOS (acting directly or through a member of the NTELOS Group) shall be responsible for any and all Liabilities
(including Liabilities for funding) with respect to the NTELOS Retiree Medical Plan except that Wireline (acting directly or through a member of the Wireline Group) shall be responsible for any and all Liabilities (including Liabilities for funding)
with respect to the NTELOS Retiree Medical Plan for Wireline Employees and Former Wireline Employees (and their covered dependents) for the period commencing on the Distribution Date and ending on the Welfare Plans Transition Date except as
described in Section 7.4 below. NTELOS shall, or shall cause one of more members of the NTELOS Group to, provide retiree medical benefits and life insurance in accordance with the terms of the NTELOS Retiree Medical Plan to each NTELOS Delayed
Transfer Employee who immediately prior to his or her Transfer Date is a participant in the Wireline Retiree Medical Plan, effective as of such NTELOS Delayed Transfer Employee’s Transfer Date. NTELOS (acting directly or through a member of the
NTELOS Group) hereby agrees to cause the NTELOS Retiree Medical Plan to assume, and to fully perform, pay and discharge, all accrued but unpaid benefits as of the applicable Transfer Date, including incurred but unreported claims for benefits, and
any credits under the Wireline Retiree Medical Plan, relating to any NTELOS Delayed Transfer Employee as of the applicable Transfer Date. 

  
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 7.4 LIABILITIES FOR BENEFITS AND CLAIMS. 

(a) Transition Period. For the period commencing on the Distribution Date and ending on the Welfare Plans
Transition Date, NTELOS (acting directly or through a member of the NTELOS Group) and Wireline (acting directly or through a member of the Wireline Group) shall be responsible for the Liabilities (including Liabilities for funding) with respect to
the NTELOS Retiree Medical Plan as follows: (i) for the period commencing on the Distribution Date and ending on the last day of the calendar year in which the Distribution Date occurs, NTELOS (acting directly or through a member of the NTELOS
Group) and Wireline (acting directly or through a member of the Wireline Group) shall each be responsible for their pro rata share of the Liabilities (including Liabilities for funding) with respect to the NTELOS Retiree Medical Plan based upon the
respective number of NTELOS Participants and Wireline Participants participating in the NTELOS Retiree Medical Plan during such period and (ii) for the period commencing on the first day of the calendar year beginning immediately following the
calendar year in which the Distribution Date occurs and ending on the Welfare Plans Transition Date, NTELOS (acting directly or through a member of the NTELOS Group) shall be responsible for any and all Liabilities (including Liabilities for
funding) with respect to the NTELOS Retiree Medical Plan that relate to benefits accrued or claims incurred for NTELOS Participants during such period, and Wireline (acting directly or through a member of the Wireline Group) shall be responsible for
any and all Liabilities (including Liabilities for funding) with respect to the NTELOS Retiree Medical Plan that relate to benefits accrued or claims incurred for Wireline Participants during such period (regardless, in the case of both NTELOS and
Wireline, of whether such Liabilities relate to benefits accrued or claims incurred before the first day of the calendar year beginning immediately following the calendar year in which the Distribution Date occurs if such Liabilities are still
outstanding on the first day of the calendar year beginning immediately following the calendar year in which the Distribution Date occurs). 
 (b) Wireline Employees and Former Wireline Employees. Effective as of the Welfare Plans Transition Date, Wireline shall, or shall have caused one or more members of the Wireline Group to,
assume all Liabilities under the NTELOS Retiree Medical Plan for benefits and claims incurred by Wireline Employees and Former Wireline Employees (and their covered dependents), in each case, regardless of whether such Liabilities relate to benefits
accrued or claims incurred before, on or after the Welfare Plans Transition Date, and Wireline agrees to pay, perform and discharge all such Liabilities. 
 (c) Delayed Transfer Employees. Effective as of the Transfer Date for each Delayed Transfer Employee, Wireline shall, or shall have caused one or more members of the Wireline Group to, assume all
Liabilities under the NTELOS Retiree Medical Plan for benefits and claims incurred by such Delayed Transfer Employee (and his or her covered dependents), regardless of whether such Liabilities relate to benefits accrued or claims incurred before, on
or after, his or her Transfer Date, and Wireline agrees to pay, perform and discharge all such Liabilities. 

(d) NTELOS Employees and Former NTELOS Employees. NTELOS shall retain all Liabilities under the NTELOS Retiree
Medical Plan for benefits and claims incurred by NTELOS Employees and Former NTELOS Employees (and their covered dependents), regardless of whether such Liabilities relate to benefits accrued or claims incurred before, on or

  
 27 

 
after the Welfare Plans Transition Date, and NTELOS agrees to pay, perform and discharge all such Liabilities, and NTELOS (subject to Section 7.4(b) and Section 7.4(c)), shall
cause the NTELOS Retiree Medical Plan to continue to process and pay all claims incurred and reported before the Welfare Plans Transition Date for Wireline Employees and Former Wireline Employees (and their covered dependents) and all claims
incurred and reported for a Delayed Transfer Employee (and his or her covered dependents) before his or her Transfer Date in accordance with each such plan’s standard policies and practices for processing and paying claims. 

(e) NTELOS Delayed Transfer Employees. Effective as of the Transfer Date for each NTELOS Delayed Transfer Employee,
NTELOS shall, or shall cause one or more members of the NTELOS Group to, assume all Liabilities under the NTELOS Welfare Plans for benefits and claims incurred by such NTELOS Delayed Transfer Employee (and his or her covered dependents), regardless
of whether such Liabilities relate to benefits accrued or claims incurred before, on or after, his or her Transfer Date, and NTELOS agrees to pay, perform and discharge all such Liabilities. 

(f) Insurance Exception. Notwithstanding any other provision of this Section 7.4 to the contrary, to the
extent any Liabilities under the NTELOS Retiree Medical Plan or the Wireline Retiree Medical Plan are covered by insurance (other than stop-loss coverage under a self-insured plan) at the time such claims are incurred, the Liabilities for such
claims will be retained under the applicable NTELOS Retiree Medical Plan or Wireline Retiree Medical Plan under which such claims are covered by insurance (other than stop-loss coverage under a self-insured plan). 

(g) Cooperation. NTELOS and Wireline agree to cooperate to assure the transfers of Liabilities under
Section 7.4 are effected in a manner intended to have a minimum adverse impact, if any, on Wireline Employees, Former Wireline Employees, NTELOS Employees, Former NTELOS Employees, Delayed Transfer Employees and NTELOS Delayed Transfer
Employees (and their covered dependents). For the period commencing on the Distribution Date and ending on the Welfare Plans Transition Date, NTELOS and Wireline shall be obligated for their respective shares, based upon their respective number of
participants in the NTELOS Retiree Medical Plan during such period, of the direct and indirect expenses of the NTELOS Retiree Medical Plan (not counting the Liabilities for benefits, claims and funding that will be allocated as set forth above).

 7.5 TERMINATION OF EMPLOYMENT. The Parties acknowledge and agree that the transfer of any individuals from NTELOS or any
member of the NTELOS Group to Wireline or any member of the Wireline Group, or from Wireline or any member of the Wireline Group to NTELOS or any member of the NTELOS Group, pursuant to this Agreement will not constitute a termination of employment
or status change under the NTELOS Retiree Medical Plan or the Wireline Retiree Medical Plan. 

  
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 SECTION 8 
 HEALTH AND WELFARE PLANS 
 8.1 TRANSITION PERIOD. For the period commencing
on the Distribution Date and ending on the Welfare Plans Transition Date, NTELOS shall permit Wireline Employees to continue to be eligible, and Former Wireline Employees to continue, to participate in the NTELOS health and welfare plans set forth
on Schedule I to this Agreement (collectively the “NTELOS Welfare Plans” and individually an “NTELOS Welfare Plan”) as in effect on the Distribution Date to the extent such Wireline Employees were eligible to
participate, and such Former Wireline Employees participated, in the NTELOS Welfare Plans immediately prior to the Distribution Date. For the period commencing upon the Effective Date and ending on the Welfare Plans Transition Date, both NTELOS and
members of the NTELOS Group, and Wireline and members of the Wireline Group, and NTELOS Employees, Former NTELOS Employees, Wireline Employees and Former Wireline Employees who were eligible to participate or participated in the NTELOS Welfare Plans
immediately prior to the Distribution Date, will continue to participate in the NTELOS Welfare Plans, pursuant to their terms in effect on the Distribution Date, and NTELOS, as sponsor of the NTELOS Welfare Plans, agrees not to make any
modification, amendment or other change to the NTELOS Welfare Plans, without Wireline’s written consent, that would result in a material diminution in the benefits provided under the NTELOS Welfare Plans prior to the Welfare Plans Transition
Date. 
 8.2 ADOPTION OF HEALTH AND WELFARE PLANS. 

(a) Adoption of the Wireline Welfare Plans. Effective as of the Welfare Plans Transition Date, Wireline shall, or
shall cause a member of the Wireline Group to, adopt for the benefit of eligible Wireline Participants health and welfare plans which provide benefits which are the same as the benefits provided under the corresponding NTELOS Welfare Plans in which
such individuals participate immediately prior to the Welfare Plans Transition Date as each such plan is then in effect (collectively the “Wireline Welfare Plans” and individually an “Wireline Welfare Plan”).

 (b) Terms of Participation in Wireline Welfare Plans. Wireline (acting directly or through a member of
the Wireline Group) shall cause each Wireline Welfare Plan to (i) waive all limitations as to preexisting conditions, exclusions, and service conditions with respect to participation and coverage requirements applicable to Wireline Participants
and Delayed Transfer Employees, other than limitations that were in effect with respect to (A) Wireline Participants as of the Welfare Plans Transition Date and (B) each Delayed Transfer Employee as of such Delayed Transfer Employee’s
Transfer Date, in each case under the corresponding NTELOS Welfare Plan, (ii) honor any deductibles, out-of-pocket maximums, and co-payments incurred by Wireline Participants and Delayed Transfer Employees under the corresponding NTELOS Welfare
Plan in satisfying any applicable deductibles, out-of-pocket maximums or co-payments under a Wireline Welfare Plan during the same plan year in which such deductibles, out-of-pocket maximums and co-payments were made, and (iii) waive any
waiting period limitation or evidence of insurability requirement that would otherwise be applicable to a Wireline Participant following the Welfare Plans Transition Date or to a Delayed Transfer Employee following such Delayed Transfer
Employee’s Transfer Date, to the extent 

  
 29 

 
such Wireline Participant or Delayed Transfer Employee, as applicable, had satisfied any similar limitation under the corresponding NTELOS Welfare Plan. 

(c) Terms of Participation in NTELOS Welfare Plans. NTELOS (acting directly or through a member of the NTELOS
Group) shall cause each NTELOS Welfare Plan to (i) waive all limitations as to pre-existing conditions, exclusions, and service conditions with respect to participation and coverage requirements applicable to NTELOS Delayed Transfer Employees,
other than limitations that were in effect with respect to such NTELOS Delayed Transfer Employee as of such NTELOS Delayed Transfer Employee’s Transfer Date, in each case under the corresponding Wireline Welfare Plan, (ii) honor any
deductibles, out-of-pocket maximums, and co-payments incurred by NTELOS Delayed Transfer Employees under the corresponding Wireline Welfare Plan in satisfying any applicable deductibles, out-of-pocket maximums, or co-payments under a Wireline
Welfare Plan during the same Plan Year in which such deductibles, out-of-pocket maximums and co-payments were made, and (iii) waive any waiting period limitation or evidence of insurability requirement that would otherwise be applicable to such
NTELOS Delayed Transfer Employee following such NTELOS Delayed Transfer Employee’s Transfer Date, to the extent such NTELOS Delayed Transfer Employee had satisfied any similar limitation under the corresponding Wireline Welfare Plan.

 (d) Continuation of Elections. With respect to Wireline Participants, as of the Welfare Plans
Transition Date, Wireline (acting directly or through a member of the Wireline Group) shall cause each Wireline Welfare Plan to recognize all elections and designations (including all coverage and contribution elections and beneficiary
designations) made by Wireline Participants under, or with respect to, the Wireline Welfare Plans or the corresponding NTELOS Welfare Plan, as applicable, and apply such elections and designations under the Wireline Welfare Plan for the remainder of
the period or periods for which such elections or designations are by their original terms applicable, to the extent an election or designation made under a particular NTELOS Welfare Plan is available under the corresponding Wireline Welfare Plan.
With respect to each Delayed Transfer Employee, as of such Delayed Transfer Employee’s Transfer Date, Wireline (acting directly or through a member of the Wireline Group) shall cause each Wireline Welfare Plan to recognize all elections and
designations (including all coverage and contribution elections and beneficiary designations) made by such Delayed Transfer Employee under, or with respect to, the corresponding NTELOS Welfare Plan and apply such elections and designations under the
Wireline Welfare Plan for the remainder of the period or periods for which such elections or designations are by their original terms applicable, to the extent such election or designation is available under the corresponding Wireline Welfare Plan
with respect to each NTELOS Delayed Transfer Employee, as of such NTELOS Delayed Transfer Employee’s Transfer Date. NTELOS (acting directly or through a member of the NTELOS Group) shall cause each NTELOS Welfare Plan to recognize all elections
and designations (including all coverage and contribution elections and beneficiary designations ) made by such NTELOS Delayed Transfer Employee under, or with respect to, the corresponding Welfare Plan and apply such elections and designations
under the NTELOS Welfare Plan for the remainder of the period or periods for which such elections or designations are by their original terms applicable, to the extent such election or designation is available under the corresponding NTELOS Welfare
Plan. 

  
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 8.3 LIABILITIES FOR BENEFITS AND CLAIMS. 

(a) Transition Period. For the period commencing on the Distribution Date and ending on the Welfare Plans
Transition Date, NTELOS (acting directly or through a member of the NTELOS Group) and Wireline (acting directly or through a member of the Wireline Group) shall be responsible for the Liabilities (including Liabilities for funding) with respect to
the NTELOS Welfare Plans as follows: (i) for the period commencing on the Distribution Date and ending on the last day of the calendar year in which the Distribution Date occurs, NTELOS (acting directly or through a member of the NTELOS Group)
and Wireline (acting directly or through a member of the Wireline group) shall each be responsible for their pro rata share of the Liabilities (including Liabilities for funding) with respect to the NTELOS Welfare Plans based upon the respective
number of NTELOS Participants and Wireline Participants participating in the applicable NTELOS Welfare Plan during such period and (ii) for the period commencing on the first day of the calendar year beginning immediately following the calendar
in which the Distribution Date occurs and ending on the Welfare Plans Transition Date, NTELOS (acting directly or through a member of the NTELOS Group) shall be responsible for any and all Liabilities (including Liabilities for funding) under the
applicable NTELOS Welfare Plan that relate to benefits accrued or claims incurred for NTELOS Participants during such period, and Wireline (acting directly or through a member of the Wireline Group) shall be responsible for any and all Liabilities
(including Liabilities for funding) under the applicable NTELOS Welfare Plan that relate to benefits accrued or claims incurred for Wireline Participants during such period (regardless, in the case of both NTELOS and Wireline, of whether such
Liabilities relate to benefits accrued or claims incurred before the first day of the calendar year beginning immediately following the calendar year in which the Distribution Date occurs if such Liabilities are still outstanding on the first day of
the calendar year beginning immediately following the calendar year in which the Distribution Date occurs). 

(b) Wireline Employees and Former Wireline Employees. Effective as of the Welfare Plans Transition Date,
Wireline shall, or shall have caused one or more members of the Wireline Group to, assume all Liabilities under the NTELOS Welfare Plans for benefits and claims incurred by Wireline Employees (and their covered dependents) and Former Wireline
Employees, in each case, regardless of whether such Liabilities relate to benefits accrued or claims incurred before, on or after the Welfare Plans Transition Date, and Wireline agrees to pay, perform and discharge all such Liabilities.

 (c) Delayed Transfer Employees. Effective as of the Transfer Date for each Delayed Transfer Employee,
Wireline shall, or shall have caused one or more members of the Wireline Group to, assume all Liabilities under the NTELOS Welfare Plans for benefits and claims incurred by such Delayed Transfer Employee (and his or her covered dependents),
regardless of whether such Liabilities relate to benefits accrued or claims incurred before, on or after, his or her Transfer Date, and Wireline agrees to pay, perform and discharge all such Liabilities. 

(d) NTELOS Employees and Former NTELOS Employees. NTELOS shall retain all Liabilities under the NTELOS Welfare
Plans for claims incurred by NTELOS Employees and Former NTELOS Employees (and their covered dependents), regardless of whether such Liabilities relate to benefits accrued or claims incurred before, on or after the

  
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Welfare Plans Transition Date, and NTELOS agrees to pay, perform and discharge all such Liabilities, and NTELOS (subject to Section 8.3(b) and Section 8.3(c)), shall cause the
NTELOS Welfare Plans to continue to process and pay all claims incurred and reported before the Welfare Plans Transition Date for Wireline Employees and Former Wireline Employees (and their covered dependents) and all claims incurred and reported
for a Delayed Transfer Employee (and his or her covered dependents) before his or her Transfer Date in accordance with each such plan’s standard policies and practices for processing and paying claims. 

(e) NTELOS Delayed Transfer Employees. Effective as of the Transfer Date for each NTELOS Delayed Transfer Employee,
NTELOS shall, or shall cause one or more members of the NTELOS Group to, assume all Liabilities under the NTELOS Welfare Plans for benefits and claims incurred by such NTELOS Delayed Transfer Employee (and his or her covered dependents), regardless
of whether such Liabilities relate to benefits accrued or claims incurred before, on or after, his or her Transfer Date, and NTELOS agrees to pay, perform and discharge all such Liabilities. 

(f) Insurance Exception. Notwithstanding any other provision of this Section 8.3 to the contrary, to the
extent any Liabilities under the NTELOS Welfare Plans or the Wireline Welfare Plans are covered by insurance (other than stop-loss coverage under a self-insured plan) at the time such claims are incurred, the Liabilities for such claims will be
retained under the applicable NTELOS Welfare Plan or Wireline Welfare Plan under which such claims are covered by insurance (other than stop-loss coverage under a self-insured plan). 

(g) Cooperation. NTELOS and Wireline agree to cooperate to assure the transfers of Liabilities under this
Section 8.3 are effected in a manner intended to have a minimum adverse impact, if any, on Wireline Employees, Former Wireline Employees, NTELOS Employees, Former NTELOS Employees, Delayed Transfer Employees and NTELOS Delayed Transfer
Employees (and their covered dependents). For the period commencing on the Distribution Date and ending on the Welfare Plans Transition Date, NTELOS and Wireline shall be obligated for their respective shares, based upon their respective number of
participants in the applicable NTELOS Welfare Plan during such period, of the direct and indirect expenses of the applicable NTELOS Welfare Plan (not counting the Liabilities for benefits, claims and funding that will be allocated as set forth
above). 
 8.4 TERMINATION OF EMPLOYMENT. The Parties acknowledge and agree that the transfer of any individuals from NTELOS or
any member of the NTELOS Group to Wireline or any member of the Wireline Group, or from Wireline or any member of the Wireline Group to NTELOS or any member of the NTELOS Group, pursuant to this Agreement will not constitute a termination of
employment or status change under any NTELOS Welfare Plan or any Wireline Welfare Plan. 
 SECTION 9 

REIMBURSEMENT ACCOUNT PLANS 
 9.1 PLANS. Effective as of the Distribution Date, Wireline (acting directly or through a member of the Wireline Group) shall establish a health and dependent care

  
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reimbursement account plan (the “Wireline Reimbursement Account Plans”) with features that are the same as those in the NTELOS Health Care Reimbursement Account and the NTELOS
Dependent Day Care Reimbursement Account immediately prior to the Distribution Date (the “NTELOS Reimbursement Account Plans”). Effective as of the Distribution Date, Wireline (acting directly or through a member of the Wireline
Group) shall assume responsibility for administering all reimbursement claims under the Wireline Reimbursement Account Plans of Wireline Participants with respect to the calendar year which includes the Distribution Date, whether arising
before, on, or after the Distribution Date. With respect to each Delayed Transfer Employee, effective as of such Delayed Transfer Employee’s Transfer Date, Wireline (acting directly or through a member of the Wireline Group) shall assume
responsibility for administering all reimbursement claims under the Wireline Reimbursement Account Plans of such Delayed Transfer Employee with respect to the calendar year in which such Delayed Transfer Employee’s Transfer Date occurs, whether
arising before, on, or after such Transfer Date. With respect to each NTELOS Delayed Transfer Employee, effective as of such NTELOS Delayed Transfer Employee’s Transfer Date, NTELOS (acting directly or through a member of the NTELOS Group)
shall assume responsibility for administering all reimbursement claims under the NTELOS Reimbursement Account Plans of such NTELOS Delayed Transfer Employee with respect to the calendar year in which such NTELOS Delayed Transfer Employee’s
Transfer Date occurs, whether rising before, on, or after such Transfer Date. 
 9.2 CASH TRANSFERS. As soon as practicable but
no more than 30 days following the Distribution Date with respect to each Wireline Participant or, no more than 30 days following the last day of the calendar year in which the applicable Transfer Date occurs with respect to each Delayed Transfer
Employee, NTELOS shall cause to be transferred to Wireline an amount in cash equal to (i) the sum of all contributions to the NTELOS Reimbursement Account Plans made with respect to the calendar year which includes the Distribution Date by or
on behalf of all Wireline Participants for periods before the Distribution Date and on behalf of each Delayed Transfer Employee for the calendar year in which the Transfer Date for such Delayed Transfer Employee occurs, reduced by (ii) the sum
of all claims incurred in the calendar year which includes the Distribution Date and paid by the NTELOS Reimbursement Account Plans with respect to all such Wireline Participants and the sum of all claims incurred in the calendar year in which the
applicable Transfer Date occurs and paid by the NTELOS Reimbursement Account Plans with respect to each Delayed Transfer Employee. All assets or obligations relating to all participants in the NTELOS Reimbursement Account Plans with respect to
periods ending on or before the end of the calendar year immediately preceding the calendar year which includes the Distribution (or the end of the calendar year which includes the Transfer Date for each Delayed Transfer Employee) will be retained
by NTELOS. As soon as practicable but no more than thirty (30) days following the last day of the calendar year in which the applicable Transfer Date occurs with respect to each NTELOS Delayed Transfer Employee, Wireline shall cause to be
transferred to NTELOS an amount in cash equal to (i) the sum of all contributions to the Wireline Reimbursement Accounts Plans made with respect to the calendar year which includes the Transfer Date by or on behalf of each NTELOS Delayed
Transfer Employee for the calendar year in which the Transfer Date for such NTELOS Delayed Transfer Employee occurs, reduced by (ii) the sum of all claims incurred in the calendar year in which the applicable Transfer Date occurs and paid by
the Wireline Reimbursement Account Plans with respect to each NTELOS Delayed Transfer Employee. All assets and obligation relating to all participants in the Wireline Reimbursement Account Plans with respect to periods ending on or

  
 33 

 
before the end of the calendar year immediately preceding the calendar year which includes the Transfer Date for each NTELOS Delayed Transfer Employee will be retained by Wireline. 

9.3 OTHER REIMBURSEMENTS. Effective as of the Distribution Date, Wireline (acting directly or through a member of the Wireline
Group) shall establish a reimbursement plan or policy for tuition, weight watchers and health club fees (the “Wireline Reimbursement Policy”) with features that are the same as those in the NTELOS Reimbursement Policy for tuition,
weight watchers and health club fees immediately prior to the Distribution Date (the “NTELOS Reimbursement Policy”). Effective as of the Distribution Date, Wireline (acting directly or through a member of the Wireline Group)
shall assume responsibility for administering all reimbursement claims under the Wireline Reimbursement Policy of Wireline Participants with respect to the calendar year which includes the Distribution Date, whether arising before, on, or
after the Distribution Date. With respect to each Delayed Transfer Employee, effective as of such Delayed Transfer Employee’s Transfer Date, Wireline (acting directly or through a member of the Wireline Group) shall assume responsibility
for administering all reimbursement claims under the Wireline Reimbursement Policy of such Delayed Transfer Employee with respect to the calendar year in which such Delayed Transfer Employee’s Transfer Date occurs, whether arising before, on,
or after such Transfer Date. With respect to each NTELOS Delayed Transfer Employee, effective as of such NTELOS Delayed Transfer Employee’s Transfer Date, NTELOS (acting directly or through a member of the NTELOS Group) shall assume
responsibility for administering all reimbursement claims under the NTELOS Reimbursement Policy of such NTELOS Delayed Transfer Employee with respect to the calendar year in which such NTELOS Delayed Transfer Employee’s Transfer Date occurs,
whether rising before, on, or after such Transfer Date. 
 9.4 TERMINATION OF EMPLOYMENT. The Parties acknowledge and agree that
the transfer of any individuals from NTELOS or any member of the NTELOS Group to Wireline or any member of the Wireline Group, or from Wireline or any member of the Wireline Group to NTELOS or any member of the NTELOS Group, pursuant to this
Agreement will not constitute a termination of employment or status change under any NTELOS Reimbursement Account Plan or NTELOS Reimbursement Policy or any Wireline Reimbursement Account Plan or Wireline Reimbursement Policy. 

SECTION 10 

COBRA 

10.1 TRANSITION PERIOD. For the period commencing on the Distribution Date and ending on the Welfare Plans Transition Date, NTELOS
(acting directly or through a member of the NTELOS Group) shall retain, or shall have caused the NTELOS Welfare Plans to retain, responsibility for compliance with the health care continuation requirements of COBRA, and the certificate of creditable
coverage requirements of HIPAA, with respect to Wireline Participants and their qualified beneficiaries under COBRA who were covered under an NTELOS Welfare Plan pursuant to COBRA or had a COBRA qualifying event (as defined in Code
Section 4980B) under the NTELOS Welfare Plans at any time on or before the Welfare Plans Transition Date. NTELOS (acting directly or through a member of the NTELOS Group) shall retain, or shall have caused the NTELOS Welfare Plans to retain,
responsibility for compliance with the health care 

  
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continuation requirements of COBRA, and the certificate of creditable coverage requirements of HIPAA, with respect to NTELOS Participants and their qualified beneficiaries under COBRA who were
covered under an NTELOS Welfare Plan pursuant to COBRA or had a COBRA qualifying event (as defined in Code Section 4980B) under the NTELOS Welfare Plans at any time on or before the Welfare Plans Transition Date or are covered by an NTELOS
Welfare Plan after the Welfare Plans Transition Date, except as set forth below for Delayed Transfer Employees (and their qualified beneficiaries under COBRA). 
 10.2 WIRELINE PARTICIPANTS. Effective as of the Welfare Plans Transition Date, Wireline (acting directly or through a member of the Wireline Group) shall assume, or shall have caused the Wireline
Welfare Plans to assume, responsibility for compliance with the health care continuation coverage requirements of COBRA, and the certificate of creditable coverage requirements of HIPAA, with respect to Wireline Participants and their qualified
beneficiaries under COBRA who, as of the day prior to the Welfare Plans Transition Date, were covered under an NTELOS Welfare Plan pursuant to COBRA or who had a COBRA qualifying event (as defined in Code Section 4980B) prior to the
Welfare Plans Transition Date or become covered by a Wireline Welfare Plan after the Welfare Plans Transition Date, except as set forth below for NTELOS Delayed Transfer Employees (and their qualified beneficiaries under COBRA). 

10.3 DELAYED TRANSFER EMPLOYEES. Effective as of a Delayed Transfer Employee’s Transfer Date, Wireline (acting directly or through a
member of the Wireline Group) shall assume, or shall have caused the Wireline Welfare Plans to assume, responsibility for compliance with the health care continuation coverage requirements of COBRA, and the certificate of creditable coverage
requirements of HIPAA, with respect to such Delayed Transfer Employee (and his or her qualified beneficiaries under COBRA) to the extent such Delayed Transfer Employee was, as of the day prior to such Delayed Transfer Employee’s Transfer Date,
covered under an NTELOS Welfare Plan pursuant to COBRA or who had a COBRA qualifying event (as defined in Code Section 4980B) prior to the Delayed Transfer Employee’s Transfer Date or becomes covered by a Wireline Welfare Plan after the
Welfare Plans Transition Date, except as set forth below for an NTELOS Delayed Transfer Employee (and his or her qualified beneficiaries under COBRA). 
 10.4 NTELOS DELAYED TRANSFER EMPLOYEES. Effective as of an NTELOS Delayed Transfer Employee’s Transfer Date, NTELOS (acting directly or through a member of the NTELOS Group) shall assume, or shall
cause the NTELOS Welfare Plans to assume, responsibility for compliance with health care continuation coverage requirements of COBRA, and the certificate of creditable coverage requirements of HIPAA, with respect to such NTELOS Delayed Transfer
Employee (and his or her qualified beneficiaries under COBRA) to the extent such NTELOS Delayed Transfer Employee was, as of the date prior to such NTELOS Delayed Transfer Employee’s Transfer Date, covered under a Wireline Welfare Plan pursuant
to COBRA or who had a COBRA qualifying event (as defined in Code Section 4980B) prior to the NTELOS Delayed Transfer Employee’s Transfer Date or becomes covered by an NTELOS Welfare Plan after the Welfare Plans Transition Date, except as
set forth above for Delayed Transfer Employees (and their qualified beneficiaries under COBRA). 

  
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 SECTION 11 
 SHORT TERM AND LONG TERM DISABILITY 
 Effective as of the Distribution
Date, Wireline (acting directly or through a member of the Wireline Group) shall establish a short term disability program and a long term disability program with benefits that are the same as those under the corresponding NTELOS programs
immediately prior to the Distribution Date. Effective as of the Distribution Date, Wireline (acting directly or through a member of the Wireline Group) shall assume all Liabilities (a) with respect to short term disability benefits for Wireline
Participants who (i) were receiving short term disability payments as of the Distribution Date or (ii) incurred an illness or injury before the Distribution Date which would entitle such Wireline Participants to receive short term
disability payments beginning on or after the Distribution Date and (b) with respect to long term disability benefits for Wireline Participants who are or who become eligible for long term disability benefits. With respect to each Delayed
Transfer Employee, effective as of such Delayed Transfer Employee’s Transfer Date, Wireline (acting directly or through a member of the Wireline Group) shall assume all Liabilities (a) with respect to short term disability benefits under
NTELOS’ short term disability program to such Delayed Transfer Employee who (i) was receiving short term disability payments as of the Delayed Transfer Employee’s Transfer Date or (ii) incurred an illness or injury before the
Delayed Transfer Employee’s Transfer Date which would entitle such Delayed Transfer Employee to receive such short term disability payments beginning on or after such Delayed Transfer Employee’s Transfer Date, or (b) with respect to
long term disability benefits for any Delayed Transfer Employee who is or who becomes eligible for long term disability benefits. With respect to each NTELOS Delayed Transfer Employee, effective as of delay such NTELOS Transfer Employee’s
Transfer Date, NTELOS (acting directly or through a member of the NTELOS Group) shall assume all Liabilities (a) with respect to short term disability benefits under Wireline’s short term disability program to such NTELOS Delayed Transfer
Employee who (i) was receiving short term disability payments as of the NTELOS Delayed Transfer Employee’s Transfer Date or (ii) incurred an illness or injury before the NTELOS Delayed Transfer Employee’s Transfer Date, which
would entitle such NTELOS Delayed Transfer Employee to receive such short term disability payments beginning on or after such NTELOS Delayed Transfer Employee’s Transfer Date or (b) with respect to long term disability benefits for any
NTELOS Delayed Transfer Employee who is or becomes eligible for long term disability benefits. 
 SECTION 12 

WORKERS’ COMPENSATION 
 12.1 TREATMENT OF WORKERS’ COMPENSATION CLAIMS. 
 (a)
NTELOS WC Claims. NTELOS will be responsible for all Liabilities (including Liabilities for associated administrative functions) for workers’ compensation claims made for compensable injuries (the “WC Claims”) except the
WC Claims described in Section 12.1(b). 

  
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 (b) Wireline WC Claims. Wireline shall be responsible for all
Liabilities (including Liabilities for associated administrative functions) (i) for WC Claims made on or after the Distribution Date by Wireline Employees as well as WC Claims before the Distribution Date as described on Schedule J,
which may be amended to add or remove WC Claims in writing by mutual agreement of the Parties at any time prior to the second anniversary of the Distribution Date; and (ii) for WC Claims made on or after the applicable Transfer Date by a
Delayed Transfer Employee who actually transfers to Wireline except for WC Claims made on or after the applicable Transfer Date by an NTELOS Delayed Transfer Employee who actually transfers back to NTELOS. 

(c) When WC Claims Made. For purposes of this Section 12.1, WC Claims shall be “made” at the time of
the occurrence of the event giving rise to eligibility for workers’ compensation benefits or at the time the occupational disease became manifest, as applicable. 
 12.2 COLLATERAL. NTELOS will be responsible for providing all collateral required by insurance carriers through the four-year anniversary of the Distribution Date, in support of the WC Claims described in
Section 12.1(b) that were made prior to the Distribution Date. After the four-year anniversary of the Distribution Date, Wireline will be responsible for providing all collateral required by insurance carriers in support of such WC Claims.

 12.3 RETRO POLICY TRUE-UPS. Upon receipt by NTELOS of a statement for adjustments to the Retro Policies for NTELOS, NTELOS
will submit to Wireline a copy of the workers’ compensation portion of the statement. If the statement requires an additional premium for the workers’ compensation portion, Wireline will submit a payment to NTELOS for that amount, and if
the statement provides for a return of premium paid for the workers’ compensation portion, NTELOS will submit a payment to Wireline for that amount. 
 12.4 NOTIFICATION OF GOVERNMENTAL AUTHORITIES. Wireline will notify applicable Governmental Authorities, if and as appropriate, of any on-the-job injuries or WC Claims for which it is responsible under
this Section 12. NTELOS will notify applicable Governmental Authorities, if and as appropriate, of any on-the-job injuries or WC Claims for which it is responsible under this Section 12. The Parties will cooperate in providing to each
other Information needed for these notifications and related filings. 
 12.5 ASSIGNMENT OF CONTRIBUTION RIGHTS. NTELOS will
transfer and assign to Wireline all rights to seek contribution or damages from any third party (such as a third party who aggravates an injury to a worker who makes a WC Claim) with respect to any WC Claim for which Wireline is responsible pursuant
to Section 12.1(b). 
 12.6 RESOLUTION OF DISPUTES. NTELOS and Wireline will cooperate with each other in carrying out
their respective obligations under this Section 12 and applicable workers’ compensation laws. Any disputes which NTELOS and Wireline cannot resolve shall initially be presented in writing to the Treasurer of NTELOS and the Treasurer of
Wireline for resolution, before initiating the dispute resolution provisions of Article 7 of the Separation and Distribution Agreement. 

  
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 SECTION 13 
 ANNUAL INCENTIVE PLANS 
 NTELOS shall be responsible for all Liabilities
and fully perform, pay and discharge all annual bonus obligations relating to any annual incentive plan for NTELOS Employees for the year which includes the Distribution Date and thereafter, and Wireline shall be responsible for all Liabilities and
fully perform, pay and discharge all annual bonus obligations, relating to any annual incentive plan for Wireline Employees for the year which includes the Distribution Date and thereafter. As for each Delayed Transfer Employee, (a) NTELOS
shall be responsible for all Liabilities and fully perform, pay and discharge all annual bonus obligations to such individual relating to any annual incentive plan for NTELOS Employees for (i) any calendar year which comes before such
individual’s Transfer Date and (ii) for any part of a calendar year which includes such individual’s Transfer Date if such individual is still an employee of Wireline or any member of the Wireline Group at the time of payment of the
bonus, (b) Wireline shall be responsible for all Liabilities and fully perform, pay and discharge all annual bonus obligations to such individual relating to any annual incentive plan for Wireline Employees for the remainder of such calendar
year and (c) the bonus, if any, payable by NTELOS and by Wireline for any calendar year shall be a pro-rata part of the annual bonus which would have been payable if the Delayed Transfer Employee had been employed by NTELOS or by Wireline for
the entire calendar year and until the time of payment of the bonus, pro-rated with respect to his or her employment with NTELOS based on NTELOS’ then generally applicable pro-ration policy when payment is made and pro-rated with respect to his
or her employment with Wireline based on Wireline’s then generally applicable pro-ration policy when payment is made. As for each NTELOS Delayed Transfer Employee, (a) Wireline shall be responsible for all Liabilities and fully perform,
pay and discharge all annual bonus obligations to such individual relating to any incentive plan for Wireline Employees for (i) any calendar year or portion thereof which comes before such individual’s Transfer Date and (ii) for any
part of a calendar year which includes such individual’s Transfer Date if such individual is still an employee of NTELOS or any member of the NTELOS Group at the time of payment of the bonus, (b) NTELOS shall be responsible for all
Liabilities and fully perform, pay and discharge all annual bonus obligations to such individual relating to annual incentive plans for NTELOS Employees for the remainder of such calendar year and (c) the bonus, if any, payable by Wireline and
by NTELOS for any calendar year shall be a pro-rata part of the annual bonus which would have been payable if the NTELOS Delayed Transfer Employee had been employed by NTELOS or by Wireline for the entire calendar year and until the time of payment
of the bonus, pro-rated with respect to his or her employment with Wireline based on Wireline’s then generally applicable pro-ration policy when payment is made and pro-rated with respect to his or her employment with NTELOS, based on
NTELOS’ then applicable pro-ration policy when payment is made. Notwithstanding the foregoing, in no event shall a Person receive a duplication of benefits under this Section 13. 

SECTION 14 

EQUITY INCENTIVE PLANS 
 14.1 EQUITY INCENTIVE AWARDS. This Section 14 sets forth obligations and agreements between the Parties with respect to the treatment of outstanding equity incentive

  
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awards under the NTELOS Stock Plans and the Wireline Equity Incentive Plan, except that, to the extent the terms of such outstanding equity incentive awards specifically provide for treatment
that is different from that set forth herein, the terms of such outstanding equity incentive awards shall control and override the provisions set forth herein. The intent of this Section 14 is to provide that outstanding equity incentive awards
under the NTELOS Stock Plans and the Wireline Equity Incentive Plan shall be adjusted in connection with the Separation in a manner that is consistent with the terms of the applicable NTELOS Stock Plans or Wireline Equity Incentive Plan; therefore,
the Parties may provide for treatment of the outstanding equity incentive awards, or calculation of the applicable adjustments, in a manner that is different from that set forth herein to the extent such treatment or calculation is consistent with
the discretion granted under the applicable NTELOS Stock Plans or Wireline Equity Incentive Plan to effect adjustments to the terms of outstanding equity incentive awards under the circumstances. Notwithstanding anything in this Agreement to the
contrary (including, without limitation, Section 2.3), (a) NTELOS shall treat employment by Wireline and each member of the Wireline Group as employment by NTELOS under the NTELOS Stock Plans with respect to outstanding NTELOS Options and
NTELOS Restricted Stock Awards which are held by Wireline Employees and Delayed Transfer Employees (or which are held by NTELOS Employees who, after the Distribution Time, with the consent of NTELOS transfer to Wireline or any member of the Wireline
Group) and (b) Wireline shall treat employment by NTELOS and each member of the NTELOS Group as employment by Wireline under the Wireline Equity Incentive Plan with respect to Wireline Options and Wireline Restricted Stock Awards which are held
by NTELOS Employees (or which are held by Wireline Employees or Delayed Transfer Employees who, after the Distribution Time or their respective Transfer Date, as applicable, with the consent of Wireline return to employment by NTELOS or any member
of the NTELOS Group). 
 14.2 TREATMENT OF OUTSTANDING NTELOS OPTIONS. 

(a) NTELOS Employees. Each option to purchase shares of NTELOS Common Stock (each, a “NTELOS
Option”) outstanding under the NTELOS Stock Plans at the Distribution Time which is held by any Person other than a Wireline Employee (and other than the individuals identified on Schedule K to this Agreement, which may be amended to
add or remove employees in writing by mutual agreement of the Parties at any time prior to the second anniversary of the Distribution Date, each a “Joint Service Employee” and collectively the “Joint Service
Employees”) shall remain an option to purchase NTELOS Common Stock issued under the NTELOS Stock Plans (each such option, a “Remaining NTELOS Option”). Each Remaining NTELOS Option shall be subject to the same terms and
conditions after the Distribution as the terms and conditions applicable to the corresponding NTELOS Option immediately prior to the Distribution. Subject to Section 14.2(f), the exercise price and number of shares subject to each Remaining
NTELOS Option shall be adjusted by action of the NTELOS Committee under the applicable NTELOS Stock Plan as follows: (i) the number of shares of NTELOS Common Stock subject to each such Remaining NTELOS Option shall be equal to the product of
(x) the quotient obtained by dividing the number of shares of NTELOS Common Stock subject to the corresponding NTELOS Option immediately prior to the Distribution Time by the Reverse Stock Split Ratio and (y) the NTELOS Share Ratio, with
fractional shares rounded down to the nearest whole share, and (ii) the per-share exercise price of each such Remaining NTELOS Option shall be equal to the product of (x) the product of the per-share exercise price of the corresponding

  
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NTELOS Option immediately prior to the Distribution Time and the Reverse Stock Split Ratio and (y) the NTELOS Price Ratio, rounded up to the nearest whole cent. 

(b) Wireline Employees. Each NTELOS Option outstanding under the NTELOS Stock Plans at the Distribution Time which
is held by a Wireline Employee (other than a Joint Service Employee) shall be converted as of the Distribution Time into an option to purchase shares of Wireline Common Stock (each such option, a “Wireline Option”) pursuant to the
terms of the Wireline Equity Incentive Plan subject to terms and conditions after the Distribution that are substantially similar to (to the extent practicable) the terms and conditions applicable to the corresponding NTELOS Option immediately prior
to the Distribution. Subject to Section 14.2(f), the exercise price and number of shares subject to such Wireline Option shall be determined as follows: (i) the number of shares of Wireline Common Stock subject to each such Wireline Option
shall be equal to the product of (x) the quotient obtained by dividing the number of shares of NTELOS Common Stock subject to the corresponding NTELOS Option immediately prior to the Distribution Time by the Reverse Stock Split Ratio and
(y) the Wireline Share Ratio, with fractional shares rounded down to the nearest whole share, and (ii) the per-share exercise price of each such Wireline Option shall be equal to the product of (x) the product of the per-share
exercise price of the corresponding NTELOS Option immediately prior to the Distribution Time and the Reverse Stock Split Ratio and (y) the Wireline Price Ratio, rounded up to the nearest whole cent. 

(c) Delayed Transfer Employees. 

(i) Each NTELOS Option held by a Delayed Transfer Employee at the Distribution Time (other than a Joint Service Employee)
shall be adjusted under Section 14.2(a) on the same basis as any other NTELOS Option. 
 (ii) Each Remaining
NTELOS Option outstanding under the NTELOS Stock Plans held by a Delayed Transfer Employee on such Delayed Transfer Employee’s Transfer Date shall be converted as of such Transfer Date into an option to purchase shares of Wireline Common Stock
(each such option, a “Delayed Transfer Wireline Option”) pursuant to the terms of the Wireline Equity Incentive Plan subject to terms and conditions after such Delayed Transfer Employee’s Transfer Date that are substantially
similar to (to the extent practicable) the terms and conditions applicable to the corresponding Remaining NTELOS Option immediately prior to such Delayed Transfer Employee’s Transfer Date. Subject to Section 14.2(f), the exercise price and
number of shares subject to such Delayed Transfer Wireline Option shall be determined as follows: (i) the number of shares of Wireline Common Stock subject to each such Delayed Transfer Wireline Option shall be equal to the product of
(x) the number of shares of NTELOS Common Stock subject to the corresponding Remaining NTELOS Option immediately prior to such Delayed Transfer Employee’s Transfer Date and (y) the Delayed Share Ratio, with fractional shares rounded
down to the nearest whole share, and (ii) the per-share exercise price of each such Delayed Transfer Wireline Option shall be equal to the product of (x) the per-share exercise price of the corresponding Remaining NTELOS Option immediately
prior to such Delayed Transfer Employee’s Transfer Date and (y) the Delayed Price Ratio, rounded up to the nearest whole cent. 

  
 40 

 (d) NTELOS Delayed Transfer Employees. Each Wireline Option and
Delayed Transfer Wireline Option held by an NTELOS Delayed Transfer Employee (other than a Joint Service Employee) on such NTELOS Delayed Transfer Employee’s Transfer Date shall be converted as of such Transfer Date into an option to purchase
shares of NTELOS Common Stock (each such option, a “Delayed Transfer NTELOS Option”) pursuant to the terms of the NTELOS Stock Plans subject to terms and conditions after such NTELOS Delayed Transfer Employee’s Transfer Date
that are substantially similar to (to the extent practicable) the terms and conditions applicable to the corresponding Wireline Option or Delayed Transfer Wireline Option immediately prior to such NTELOS Delayed Transfer Employee’s Transfer
Date. Subject to Section 14.2(f), the exercise price and number of shares subject to such NTELOS Delayed Transfer NTELOS Option shall be determined as follows: (i) the number of shares of NTELOS Common Stock subject to each such NTELOS
Delayed Transfer NTELOS Option shall be equal to the product of (x) the number of shares of Wireline Common Stock subject to the Wireline Option or Delayed Transfer Wireline Option, as applicable, immediately prior to such NTELOS Delayed
Transfer Employee’s Transfer Date and (y) the NTELOS Delayed Share Ratio, with fractional shares rounded down to the nearest whole share, and (ii) the per-share exercise price of each such Delayed Transfer NTELOS Option shall be equal
to the product of (x) the per-share exercise price of the Wireline Option or Delayed Transfer Wireline Option, as applicable, immediately prior to such NTELOS Delayed Transfer Employee’s Transfer Date and (y) the NTELOS Delayed Price
Ratio, rounded up to the nearest whole cent. 
 (e) Joint Service Employees. 

(i) Each NTELOS Option outstanding under the NTELOS Stock Plans at the Distribution Time held by a Joint Service Employee
shall remain an option to purchase NTELOS Common Stock issued under the NTELOS Stock Plans (each such option, a “Joint Service Employee Remaining NTELOS Option”). Each Joint Service Employee Remaining NTELOS Option shall be subject
to the same terms and conditions after the Distribution as the terms and conditions applicable to the corresponding NTELOS Option prior to the Distribution. Subject to Section 14.2(f), the exercise price and number of shares subject to each
Joint Service Employee Remaining NTELOS Option shall be adjusted by action of the NTELOS Committee under the applicable NTELOS Stock Plan as follows: (i) the per-share exercise price of each such Joint Service Employee Remaining NTELOS Option
shall be equal to the product of (x) the product of the per-share exercise price of the corresponding NTELOS Option immediately prior to the Distribution Time and the Reverse Stock Split Ratio and (y) the NTELOS Price Ratio, rounded up to
the nearest whole cent, and (ii) the number of shares of NTELOS Common Stock subject to each such Joint Service Employee Remaining NTELOS Option shall be equal to the quotient determined by dividing (x) the product of (A) the NTELOS
Post-Distribution Stock Value divided by the sum of the NTELOS Post-Distribution Stock Value and the Wireline Stock Value and (B) the number of the shares of NTELOS Common Stock subject to the corresponding NTELOS Option multiplied by the
excess of the NTELOS Pre-Distribution Stock Value over the per-share exercise price of the corresponding NTELOS Option immediately prior to the Distribution Time by (y) the excess of the NTELOS Post-Distribution Stock Value over the per-share
exercise price of the Joint Service Employee Remaining NTELOS Option determined in (i) of this sentence. Additionally, each such Joint Service Employee shall receive as of the Distribution Time an option to purchase shares of Wireline Common
Stock (each such option, a “Joint Service Employee Wireline Option”) pursuant to the 

  
 41 

 
terms of the Wireline Equity Incentive Plan subject to terms and conditions after the Distribution that are substantially similar to (to the extent practicable) the terms and conditions
applicable to the corresponding NTELOS Option immediately prior to the Distribution. Subject to Section 14.2(f), the exercise price and the number of shares subject to the Joint Service Employee Wireline Option shall be determined as follows:
(i) the per-share exercise price of each such Joint Service Employee Wireline Option shall be equal to the product of (x) the product of the per-share exercise price of the corresponding NTELOS Option immediately prior to the Distribution
Time and the Reverse Stock Split Ratio and (y) the Wireline Price Ratio, rounded to the nearest whole cent, and (ii) the number of shares of Wireline Common Stock subject to each such Joint Service Employee Wireline Option shall be equal
to the quotient determined by dividing (x) the product of (A) the Wireline Stock Value divided by the sum of the Wireline Stock Value and the NTELOS Post-Distribution Stock Value and (B) the number of the shares of NTELOS Common Stock
subject to the corresponding NTELOS Option multiplied by the excess of the NTELOS Pre-Distribution Stock Value over the per-share exercise price of the corresponding NTELOS Option immediately prior to the Distribution Time by (y) the excess of
the Wireline Stock Value over the per-share exercise price of the Joint Service Employee Wireline Option determined in (i) of this sentence. Notwithstanding any other provision of this Agreement, each Joint Service Employee Wireline Option and
Joint Service Employee Remaining NTELOS Option held by a Joint Service Employee will remain outstanding pursuant to its terms and shall not be adjusted in the event the Joint Service Employee becomes a Delayed Transfer Employee and/or an NTELOS
Delayed Transfer Employee. 
 (ii) Each NTELOS Option or Wireline Option held by a Joint Service Employee who
becomes a Delayed Transfer Employee and/or an NTELOS Delayed Transfer Employee on the applicable Transfer Date (other than Joint Service Employee Remaining NTELOS Options or Joint Service Employee Wireline Options) shall be adjusted under
Section 14.2(c) or 14.2(d), as applicable, on the same basis as any Remaining NTELOS Options for a Delayed Transfer Employee and any Wireline Options and Delayed Transfer Wireline Options for an NTELOS Delayed Transfer Employee, as applicable.

 (iii) The classification of an employee as a Joint Service Employee herein is solely for purposes of treatment
of the outstanding equity incentive awards held by such Joint Service Employee pursuant to this Section 14.2(e) of this Agreement. Nothing herein shall otherwise change the treatment of such individual for any other purposes of this Agreement,
and a Joint Service Employee shall constitute an NTELOS Employee, a Wireline Employee, a Delayed Transfer Employee or an NTELOS Delayed Transfer Employee, as applicable, for all other purposes of this Agreement. 

(f) 409A. The Parties agree that (notwithstanding the conversion formula set forth in Section 14.2 the
Wireline Committee and NTELOS Committee, respectively, shall have the discretion, subject to the terms of the Tax Sharing Agreement, to effect option conversions under Section 14.2 using an alternative option conversion formula which satisfies
the requirements of Section 409A of the Code if the Wireline Committee and NTELOS Committee, respectively, determines that such alternative option conversion formula may reduce shareholder dilution or otherwise would be in Wireline’s or
NTELOS’, as applicable, best interest, provided that such alternative option conversion formula (i) is consistent with the terms of the applicable 

  
 42 

 
equity plan and (ii) does not cause the option to become subject to taxation under Section 409A of the Code. 

(g) Restriction on Exercisability of Options. The Parties acknowledge and agree that blackout periods may be
implemented with respect to the Remaining NTELOS Options, the Wireline Options, the Delayed Transfer Wireline Options, the Joint Service Employee Remaining NTELOS options and the Joint Service Employee Wireline Options for administrative reasons in
accordance with the terms of the NTELOS Stock Plans or the Wireline Equity Incentive Plan, as applicable. 
 14.3 TREATMENT OF
OUTSTANDING NTELOS RESTRICTED STOCK. 
 (a) NTELOS Employees. Each NTELOS Restricted Stock Award
outstanding under the NTELOS Stock Plans at the Distribution Time which is held by any person other than a Wireline employee (and other than a Joint Service Employee) shall remain an NTELOS Restricted Stock Award issued under the NTELOS Stock Plans
(each such award, a “Remaining NTELOS Restricted Stock Award”). Each Remaining NTELOS Restricted Stock Award shall be subject to the same terms and conditions after the Distribution as the terms and conditions applicable to the
corresponding NTELOS Restricted Stock Award prior to the Distribution. Subject to Section 14.3(f), the number of shares subject to each Remaining NTELOS Restricted Stock Award shall be adjusted by action of the NTELOS Committee under the
applicable NTELOS Stock Plan as follows: (i) the number of shares of NTELOS Common Stock subject to each such Remaining NTELOS Restricted Stock Award shall be equal to the product of (a) the quotient obtained by dividing the number of
shares of NTELOS Common Stock subject to the corresponding NTELOS Restricted Stock Award immediately prior to the Distribution Time by the Reverse Stock Split Ratio and (y) the NTELOS Share Ratio, with fractional shares rounded down to the
nearest whole share. 
 (b) Wireline Employees. Each NTELOS Restricted Stock Award outstanding under the
NTELOS Stock Plans at the Distribution Time which is held by a Wireline Employee (other than a Joint Service Employee) shall be converted as of the Distribution Time into an award of restricted stock in Wireline Common Stock (each such award, a
“Wireline Restricted Stock Award”) pursuant to the terms of the Wireline Equity Incentive Plan subject to terms and conditions after the Distribution which are substantially similar to (to the extent practicable) the terms and
conditions applicable to the corresponding NTELOS Restricted Stock Award immediately prior to the Distribution. Subject to Section 14.3(f), the number of shares subject to such Wireline Restricted Stock Award shall be determined as follows:
(i) the number of shares of Wireline Common Stock subject to each such Wireline Restricted Stock Award shall be equal to the product of (x) the quotient obtained by dividing the number of shares of NTELOS Common Stock subject to the
corresponding NTELOS Restricted Stock Award immediately prior to the Distribution Time by the Reverse Stock Split Ratio and (y) the Wireline Share Ratio, with fractional shares rounded down to the nearest whole share. 

  
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 (c) “Delayed Transfer Employees.” 

(i) Each NTELOS Restricted Stock Award held by a Delayed Transfer Employee (other than a Joint Service Employee) at the
Distribution Time shall be adjusted under Section 15.3(a) on the same basis as any other NTELOS Restricted Stock Award. 
 (ii) Each Remaining NTELOS Restricted Stock Award outstanding under the NTELOS Stock Plans held by a Delayed Transfer Employee (other than a Joint Service Employee) on such Delayed Transfer
Employee’s Transfer Date shall be converted as of such Transfer Date into an award of restricted stock in Wireline Common Stock (each such award, a “Delayed Transfer Restricted Stock Award”) pursuant to the terms of the
Wireline Equity Incentive Plan subject to terms and conditions after such Delayed Transfer Employee’s Transfer Date that are substantially similar to (to the extent practicable) the terms and conditions applicable to the corresponding Remaining
NTELOS Restricted Stock Award immediately prior to such Delayed Transfer Employee’s Transfer Date. Subject to Section 14.3(f), the number of shares subject to such Delayed Transfer Restricted Stock Award shall be determined as follows:
(i) the number of shares of Wireline Common Stock subject to each such Delayed Transfer Restricted Stock Award shall be equal to the product of (x) the number of shares of NTELOS Common Stock subject to the corresponding Remaining NTELOS
Restricted Stock Award immediately prior to such Delayed Transfer Employee’s Transfer Date and (y) the Delayed Share Ratio, with fractional shares rounded down to the nearest whole share. 

(d) NTELOS Delayed Transfer Employees. Each Wireline Restricted Stock Award outstanding under the Wireline Equity
Incentive Plan held by an NTELOS Delayed Transfer Employee (other than a Joint Service Employee) on such NTELOS Delayed Transfer Employee’s Transfer Date shall be converted as of such Transfer Date into an award of restricted stock in NTELOS
Common Stock (each such award, a “NTELOS Delayed Transfer Restricted Stock Award”) pursuant to the terms of the NTELOS Stock Plans subject to terms and conditions after such NTELOS Delayed Transfer Employee’s Transfer Date that
are substantially similar to (to the extent practicable) the terms and conditions applicable to the corresponding Wireline Restricted Stock Award immediately prior to such NTELOS Delayed Transfer Employee’s Transfer Date. Subject to
Section 14.3(f), the number of shares subject to such NTELOS Delayed Transfer Restricted Stock Award shall be determined as follows: (i) the number of shares of NTELOS Common Stock subject to each such NTELOS Delayed Transfer Restricted
Stock Award shall be equal to the product of (x) the number of shares of Wireline Common Stock subject to the corresponding Wireline Restricted Stock Award immediately prior to such NTELOS Delayed Transfer Employee’s Transfer Date and
(y) the NTELOS Delayed Share Ratio, with fractional shares rounded down to the nearest whole share. 
 (e)
Joint Service Employees. 
 (i) Each NTELOS Restricted Stock Award outstanding under the NTELOS Stock
Plans at the Distribution Time held by a Joint Service Employee shall remain an award of restricted stock in NTELOS Common Stock issued under the NTELOS Stock Plans (each such award, a “Joint Service Employee Remaining NTELOS Restricted
Stock Award”). Each Joint Service Employee Remaining NTELOS Restricted Stock Award shall be subject to the same terms and conditions after the distribution as the terms and conditions applicable to the

  
 44 

 
corresponding NTELOS Restricted Stock Award prior to the distribution. Subject to Section 14.3(f), the number of shares subject to the Joint Service Employee Remaining NTELOS Restricted
Stock Award shall be determined as follows: (i) the number of shares of NTELOS Common Stock subject to each such Joint Service Employee Remaining NTELOS Restricted Stock Award shall be equal to the quotient determined by dividing (x) the
product of (A) the NTELOS Post-Distribution Stock Value divided by the sum of the NTELOS Post-Distribution Stock Value and the Wireline Stock Value and (B) the number of shares of NTELOS Common Stock subject to the corresponding NTELOS
Restricted Stock Award multiplied by the NTELOS Pre-Distribution Stock Value by (y) the NTELOS Post-Distribution Stock Value. Additionally, each such Joint Service Employee shall receive as of the Distribution Time an award of restricted stock
in Wireline Common Stock (each such award, a “Joint Service Employee Wireline Restricted Stock Award”) pursuant to the terms of the Wireline Equity Incentive Plan subject to terms and conditions after the distribution that are
substantially similar to (to the extent practicable) the terms and conditions applicable to the corresponding Joint Service Employee NTELOS Restricted Stock Award immediately prior to the Distribution. Subject to Section 14.3(f), the number of
shares subject to the Joint Service Employee Wireline Restricted Stock Award shall be determined as follows: (i) the number of shares of Wireline Common Stock subject to each such Joint Service Employee Restricted Stock Award shall be equal to
the quotient determined by dividing (x) the product of (A) the Wireline Stock Value divided by the sum of the NTELOS Post-Distribution Stock Value and the Wireline Stock Value and (B) the number of shares of NTELOS Common Stock
subject to the corresponding NTELOS Restricted Stock Award multiplied by the NTELOS Pre-Distribution Stock Value by (y) the Wireline Stock Value. 
 (ii) Each NTELOS Restricted Stock Award or Wireline Restricted Stock Award held by a Joint Service Employee who becomes a Delayed Transfer Employee and/or an NTELOS Delayed Transfer Employee on the
applicable Transfer Date (other than Joint Service Employee Remaining NTELOS Restricted Stock Awards or Joint Service Employee Wireline Restricted Stock Awards) shall be adjusted under Section 14.3(c) or 14.3(d), as applicable, on the same
basis as any Remaining NTELOS Restricted Stock Awards for a Delayed Transfer Employee and any Wireline Restricted Stock Awards and Delayed Transfer Wireline Restricted Stock Awards for an NTELOS Delayed Transfer Employee, as applicable. 

(iii) The classification of an employee as a Joint Service Employee herein is solely for purposes of treatment of the
outstanding equity incentive awards held by such Joint Service Employee pursuant to this Section 14.3(e) of this Agreement. Nothing herein shall otherwise change the treatment of such individual for any other purposes of this Agreement, and a
Joint Service Employee shall constitute an NTELOS Employee, a Wireline Employee, a Delayed Transfer Employee or an NTELOS Delayed Transfer Employee, as applicable, for all other purposes of this Agreement. 

(f) 409A. The Parties agree that (notwithstanding the conversion formula set forth in Section 14.3 the
Wireline Committee and NTELOS Committee, respectively, shall have the discretion, subject to the terms of the Tax Sharing Agreement, to effect restricted stock conversions under Section 14.3 using an alternative restricted stock conversion
formula which satisfies the requirements of Section 409A of the Code if the Wireline Committee and NTELOS Committee, respectively, determines that such alternative restricted stock conversion formula

  
 45 

 
may reduce shareholder dilution or otherwise would be in Wireline’s or NTELOS,’ as applicable, best interest, provided that such alternative restricted stock conversion formula
(i) is consistent with the terms of the applicable equity plan and (ii) does not cause the restricted stock to become subject to taxation under Section 409A of the Code. 

(g) If a share of Wireline Restricted Stock is forfeited, such share of stock shall revert to Wireline. If a share of
NTELOS Restricted Stock is forfeited, such share of stock shall revert to NTELOS. 
 14.4 LIABILITIES FOR SETTLEMENT OF AWARDS.

 (a) Settlement of Outstanding NTELOS Restricted Stock. NTELOS shall be responsible for all Liabilities
associated with NTELOS Restricted Stock Awards (regardless of the holder of such awards) including any share delivery, registration or other obligations related to the settlement of the NTELOS Restricted Stock Award. 

(b) Settlement of Outstanding Wireline Restricted Stock. Wireline shall be responsible for all Liabilities
associated with Wireline Restricted Stock Awards (regardless of the holder of such awards) including any share delivery, registration or other obligations related to the settlement of the Wireline Restricted Stock Award. 

(c) Settlement of NTELOS Options. NTELOS shall be responsible for all Liabilities associated with NTELOS Options
(regardless of the holder of such awards) including any option exercise, share delivery, registration or other obligations related to the exercise of the NTELOS Options. 

(d) Settlement of Wireline Options. Wireline shall be responsible for all Liabilities associated with Wireline
Options (regardless of the holder of such awards) including any option exercise, share delivery, registration or other obligations related to the exercise of the Wireline Options. 

(e) Tax Responsibilities. The Parties do not intend that this Section 14.4 have any effect on the allocation
of tax benefits and tax withholding and reporting responsibilities as set forth in the Tax Sharing Agreement. 
 14.5 FURTHER
ASSURANCES. 
 (a) NTELOS. In the event that the number of shares of NTELOS Common Stock available for
grant under the NTELOS Stock Plans is not sufficient for the satisfaction of NTELOS’ obligations under this Section 14 or the NTELOS Committee exercises the discretion granted under the applicable NTELOS Stock Plans to adjust outstanding
equity incentive awards in connection with the Separation in a manner that is different from that set forth herein, then to the extent necessary to satisfy its obligations under this Section 14, NTELOS may (i) grant equity incentive awards
subject to NTELOS stockholder approval and promptly thereafter use its best efforts to cause NTELOS stockholders to approve the issuance of such additional shares of NTELOS Common Stock under the NTELOS Stock Plans or (ii) take such other
actions as NTELOS may reasonably determine to satisfy its obligations under this Section 14 to the extent such actions are consistent with the applicable NTELOS Stock Plans. 

  
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 (b) Wireline. In the event that the number of shares of Wireline
Common Stock available for grant under the Wireline Equity Incentive Plan is not sufficient for the satisfaction of Wireline’s obligations under this Section 14 or the Wireline Committee exercises the discretion granted under the Wireline
Equity Incentive Plan to adjust outstanding equity incentive awards in connection with the Separation in a manner that is different from that set forth herein, then to the extent necessary to satisfy its obligations under this Section 14,
Wireline may (i) grant equity incentive awards subject to Wireline stockholder approval and promptly thereafter use its best efforts to cause Wireline stockholders to approve the issuance of such additional shares of Wireline Common Stock under
the Wireline Equity Incentive Plan or (ii) take such other actions as Wireline may reasonably determine to satisfy its obligations under this Section 14 to the extent such actions are consistent with the Wireline Equity Incentive Plan.

 14.6 CAUSE PROVISIONS. The Parties hereby acknowledge that any Cause Provisions applicable to any NTELOS Employee, Wireline
Employee, Former Wireline Employee, Former NTELOS Employee, Delayed Transfer Employee or NTELOS Delayed Transfer Employee with respect to NTELOS Options, NTELOS Restricted Stock Awards, Wireline Options and Wireline Restricted Stock Awards shall
continue in full force and effect following the Distribution. In addition, each Party agrees to use commercially reasonable efforts to provide the other Party with any Information reasonably requested by the other Party in connection with the
enforcement of such Cause Provisions; provided, however (i) with respect to any Wireline Employee or Wireline Former Employee or Delayed Transfer Employee holding NTELOS Options or NTELOS Restricted Stock Awards, and (ii) with respect to
any NTELOS Employee or Former NTELOS Employee or NTELOS Delayed Transfer Employee holding Wireline Options or Wireline Restricted Stock Awards and (iii) with respect to any Joint Service Employees holding NTELOS or Wireline Options or NTELOS or
Wireline Restricted Stock Awards, each Party hereby waives any violation of the Cause Provisions that may affect such aforementioned equity awards held by such respective persons that would otherwise be caused by (A) any theory that a Wireline
Employee or Delayed Transfer Employee is in competition with NTELOS or a member of the NTELOS Group solely because he or she becomes associated with, employed by, renders services to, or owns any interest in Wireline or a member of the Wireline
Group and (B) any theory that an NTELOS Employee or NTELOS Delayed Transfer Employee is in competition with Wireline or a member of the Wireline Group solely because he or she becomes associated with, employed by, renders services to, or owns
any interest in NTELOS or a member of the NTELOS Group. The Parties acknowledge that Former NTELOS Employees and Former Wireline Employees are not in competition with Wireline or NTELOS, respectively, solely by reason of their status as a Former
NTELOS Employee or Former Wireline Employee. 
 14.7 SEC REGISTRATION. The Parties mutually agree to use commercially reasonable
efforts to maintain effective registration statements with the U.S. Securities and Exchange Commission (the “SEC”) with respect to the equity incentive awards described in this Section 14, to the extent any such registration
statement is required by applicable Law. NTELOS shall be responsible for taking all appropriate action to continue to maintain and administer the NTELOS Stock Plans and the awards granted hereunder so that they comply with applicable Law, including,
without limitation, continued compliance with, and qualification under, Section 13 of the Securities Exchange Act of 1934, as amended and the registration requirements under the Securities Act of 1933. Wireline shall be responsible for taking
all 

  
 47 

 
appropriate action (a) to adopt and administer the Wireline Equity Incentive Plan and the awards granted hereunder (including by way of conversion pursuant to Section 14 of this
Agreement) so that it and they comply with applicable Law, including, without limitation, compliance with, and qualification under, Section 13 of the Securities Exchange Act of 1934, as amended, and (b) to register the shares for issuance
under the Wireline Equity Incentive Plan or any other equity-based plan of Wireline (including shares acquired by conversion pursuant to Section 14 of this Agreement), including the filing of a registration statement on an appropriate form with
the SEC. 
 14.8 WIRELINE EMPLOYEES. Subject to the terms of the Tax Sharing Agreement, the Wireline Committee shall have full
discretion to grant options to purchase Wireline Common Stock, award restricted stock or grant other forms of compensation that are derived from the value of the equity of Wireline, provided that the exercise of such discretion does not cause a
materially adverse tax or accounting effect on NTELOS or any member of the NTELOS Group. 
 14.9 NTELOS EMPLOYEES. Subject to
the terms of the Tax Sharing Agreement, the NTELOS Committee shall have full discretion to grant options to purchase NTELOS Common Stock, award restricted stock or grant other forms of compensation that are derived from the value of the equity of
NTELOS, provided that the exercise of such discretion does not cause a materially adverse tax or accounting effect on Wireline or any member of the Wireline Group. 
 14.10 EMPLOYEE STOCK PURCHASE PLANS. Each Wireline Participant and each other employee of the Wireline Group as of the Distribution Time, and each Delayed Transfer Employee effective as of such Delayed
Transfer Employee’s Transfer Date, shall cease to participate in or have any rights under the NTELOS Employee Stock Purchase Plan. Each NTELOS Participant and each other employee of the NTELOS Group as of the Distribution Date, and each NTELOS
Delayed Transfer Employee, effective as of such NTELOS Delayed Transfer Employee’s Transfer Date, will be eligible to participate in the NTELOS Employee Stock Purchase Plan. No Wireline Employee or other employee of the Wireline Group shall be
eligible to participate in the NTELOS Employee Stock Purchase Plan, and no NTELOS Participant or any other employee of the NTELOS Group will be eligible to participate in the Wireline Employee Stock Purchase Plan. Effective as of the Distribution
Date, any shares of NTELOS Common Stock held in the NTELOS Employee Stock Purchase Plan by NTELOS Participants shall be treated like any other outstanding shares of NTELOS Common Stock in connection with the Separation. Any withholdings by an NTELOS
Participant with respect to the NTELOS Employee Stock Purchase Plan will be used to buy shares of NTELOS Common Stock, and any withholdings under the Wireline Employee Stock Purchase Plan will be used to purchase shares of Wireline Common Stock.

 14.11 NON-EMPLOYEE DIRECTORS. Each NTELOS Option and NTELOS Restricted Stock Award outstanding under the NTELOS Stock Plans
at the Distribution Time which is held by any non-employee director of NTELOS who remains on the Board of Directors of NTELOS immediately after the Distribution Time shall continue after the Distribution Time as a Remaining NTELOS Option or
Remaining NTELOS Restricted Stock Award, respectively, pursuant to the NTELOS Stock Plans and subject to the same general terms and conditions after the Distribution as the terms and conditions applicable to the equity incentive award prior to the
Distribution but shall be adjusted by action of the NTELOS Committee in the same manner as described above for Remaining NTELOS Options and Remaining NTELOS Restricted Stock 

  
 48 

 
Awards held by any Person other than a Wireline Employee or Joint Service Employee. Each NTELOS Option and NTELOS Restricted Stock Award outstanding under the NTELOS Stock Plans at the
Distribution Time which is held by any non-employee director of NTELOS who transfers to the Board of Directors of Wireline immediately after the Distribution Time shall be converted as of the Distribution Time into a Wireline Option or Wireline
Restricted Stock Award, respectively, pursuant to the Wireline Equity Incentive Plan and subject to the same general terms and conditions after the Distribution as the terms and conditions applicable to the equity incentive award prior to the
Distribution but adjusted by action of the Wireline Committee in the same manner as described above for Wireline Options or Wireline Restricted Stock Awards held by any Wireline Employee (other than a Joint Service Employee). The Parties hereby
acknowledge that any Cause provisions applicable to any non-employee director with respect to NTELOS Options, NTELOS Restricted Stock Awards, Wireline Options and Wireline Restricted Stock Awards shall continue in full force and effect following the
Distribution. Additionally, the other terms of this Section 14 applicable to NTELOS Options, NTELOS Restricted Stock Awards, Wireline Options and Wireline Restricted Stock Awards held by any NTELOS Employee, Wireline Employee, Former Wireline
Employee, Former NTELOS Employee, Delayed Transfer Employee or NTELOS Delayed Transfer Employee will be applicable with respect to any NTELOS Options, NTELOS Restricted Stock Awards, Wireline Options and Wireline Restricted Stock Awards held by any
non-employee director of NTELOS or Wireline. 
 SECTION 15 

PAID TIME OFF AND PAYROLL 
 15.1 PAID TIME OFF. Effective as of the Distribution Date for Wireline Employees and effective as of the Transfer Date for each Delayed Transfer Employee, Wireline shall, or shall have caused one or more
members of the Wireline Group, to assume all Liabilities for vacation time, sick time and other time-off benefits with respect to such individuals, in each case, regardless of whether such Liabilities relate to claims incurred before, on or after
the Distribution Date or, where applicable, a Transfer Date, and Wireline agrees to pay, perform and discharge all such Liabilities. Effective as of the Distribution Date, Wireline shall credit each Wireline Employee with the amount of accrued but
unused vacation time, sick time and other time-off benefits pursuant to this Section 15 as of the Distribution Date, and with respect to each Delayed Transfer Employee, his or her accruals as of his or her Transfer Date. Notwithstanding the
forgoing, Wireline shall not be required to credit any Wireline Employee or Delayed Transfer Employee with any accrual to the extent that a benefit attributable to such accrual is provided by the NTELOS Group. Effective as of the Transfer Date for
each NTELOS Delayed Transfer Employee, NTELOS shall, or shall cause one of more of the members of the NTELOS Group to, assume all Liabilities for vacation time, sick time and other time off benefits with respect to such individuals, in each case,
regardless of whether such Liabilities relate to claims incurred before, on or after the Transfer Date, and NTELOS agrees to pay, perform and discharge all such Liabilities. Effective as of the Transfer Date, NTELOS shall credit each NTELOS Delayed
Transfer Employee with the amount of accrued but unused vacation time, sick time and other time off benefits pursuant to this Section 15 as of the Transfer Date. Notwithstanding the foregoing, NTELOS shall not be required to credit any NTELOS
Delayed Transfer Employee 

  
 49 

 
with any accrual to the extent that a benefit equivalent to such accrual is provided by the Wireline Group. 
 15.2 PAYROLL. If there are any Liabilities for accrued salary or wages on NTELOS’ payroll books and records for a Wireline Employee on the Distribution Date, Wireline shall assume and discharge such
Liabilities with respect to such Wireline Employee as of the Distribution Date. If there are any Liabilities for accrued salary or wages on NTELOS’ payroll books and records for a Delayed Transfer Employee on his or her Transfer Date, NTELOS
shall retain and discharge such Liabilities as of his or her Transfer Date. If there are any Liabilities for accrued salary or wages on Wireline’s payroll books and records for an NTELOS Delayed Transfer Employee on his or her Transfer Date,
Wireline shall retain and discharge such Liabilities as of his or her Transfer Date. 
 15.3 SEVERANCE. Nothing in this
Agreement shall entitle any employee to any severance or other similar benefits in the event (i) the employee is made an offer of employment pursuant to Section 2.1 of this Agreement with any member of the Wireline Group, or any member of
the NTELOS Group; (ii) such employee does not expressly accept such offer; and (iii) such employee then terminates employment with whichever member of the Wireline Group or the NTELOS Group with whom such employee was employed at the time
of such offer as a result of the failure to accept such offer (including without limitation any involuntary termination of the employee’s employment by the member of the Wireline Group or the NTELOS Group with whom such employee was employed at
the time of such offer as the result of failing to expressly accept such other offer of employment). No employee will be entitled to any severance or other similar benefits in the event employee’s employment with a member of the Wireline Group
or the NTELOS Group terminates as the result of failing to expressly accept an offer of employment with the other as contemplated under this Agreement. Nothing herein, however, is intended to affect any severance or similar benefits to which any
such employee may be entitled pursuant to the terms of any employment related agreements identified on Schedule E to this Agreement to which such employee may be a party. 

SECTION 16 

TAX AND ADMINISTRATIVE MATTERS 
 Schedule L, which may be amended in writing by mutual agreement of the Parties at any time prior to the second anniversary of the Distribution Date, sets forth the agreement of the Parties with
respect to the treatment for certain tax and administrative purposes of the matters which are subject to this Agreement. 

SECTION 17 

INDEMNIFICATION 
 Article 6 of the Separation and Distribution Agreement shall apply to this Agreement as if such Article 6 were set forth in this Agreement. 

  
 50 

 SECTION 18 
 GENERAL AND ADMINISTRATIVE 
 18.1 SHARING OF INFORMATION. NTELOS and
Wireline (acting directly or through members of the NTELOS Group or Wireline Group, respectively) shall provide to the other and their respective agents and vendors all Information in accordance with Article 5 of the Separation and Distribution
Agreement. The Parties also hereby agree to enter into any business associate agreements that may be required for the sharing of any Information pursuant to this Agreement to comply with the requirements of HIPAA. 

18.2 TRANSFER OF PERSONNEL RECORDS AND AUTHORIZATIONS. Subject to applicable Law, on the Distribution Date, NTELOS shall transfer and
assign to Wireline all personnel records (“Personnel Records”), all immigration documents, including I-9 forms and work authorizations (“Immigration Records”), all payroll deduction authorizations and elections,
whether voluntary or mandated by law, including but not limited to W-4 forms and deductions for benefits such as insurance, flexible spending and retirement savings, charitable giving, and discounts (“Payroll Forms”), and all short
term disability records, Family and Medical Leave Act records, insurance beneficiary designations, flexible spending enrollment confirmations, attendance, and return to work information (“Benefit Management Records”) relating to
Wireline Participants. NTELOS shall transfer and assign to Wireline all Personnel Records, Immigration Records, Payroll Forms and Benefit Management Records relating to Delayed Transfer Employees on the Transfer Date for the Delayed Transfer
Employee. NTELOS, however, may retain originals of, copies of, or access to Personnel Records, Immigration Records, Payroll Forms and Benefit Management Records as long as necessary to provide services to Wireline or on its behalf pursuant to a
Transition Services Agreement. Wireline shall transfer and assign to NTELOS all Personnel Records, Immigration Records, Payroll Forms and Benefit Management Records relating to NTELOS Delayed Transfer Employees on the Transfer Date for the NTELOS
Delayed Transfer Employee. Wireline, however, may retain originals of, copies of, or access to Personnel Records, Immigration Records, Payroll Forms and Benefit Management Records as long as necessary to provide services to NTELOS or on its behalf
pursuant to a Transition Services Agreement. Immigration Records will, if and as appropriate, become a part of Wireline’s and NTELOS’ public access files. Wireline and NTELOS will use Personnel Records, Payroll Forms and Benefit Management
Records for all lawful purposes, including calculation of withholdings from wages and personnel management. 
 18.3 REASONABLE
EFFORTS/COOPERATION. Each of the Parties will use its commercially reasonable efforts to promptly take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws and regulations
to consummate the transactions contemplated by this Agreement. The provisions of Section 5.07 of the Separation and Distribution Agreement shall apply to any Action or Third Party claim to which an employee, director, member or Benefit Plan of
the NTELOS Group or Wireline Group is involved to the extent that such Action or Third Party Claim relates to this Agreement or any such Benefit Plan. 
 18.4 EMPLOYER RIGHTS. Nothing in this Agreement shall prohibit Wireline or any member of the Wireline Group from amending, modifying or terminating any Wireline Benefit

  
 51 

 
Plan, at any time within its sole discretion provided that no such amendment, modification or termination shall relieve Wireline from any of its obligations herein and shall comply with the
requirements of the Tax Sharing Agreement. Nothing in this Agreement shall prohibit NTELOS or any member of the NTELOS Group from amending, modifying or terminating any NTELOS Benefit Plan, at any time within its sole discretion provided that no
such amendment, modification or termination shall relieve NTELOS from any of its obligations herein and shall comply with the requirements of the Tax Sharing Agreement. 
 18.5 NO THIRD-PARTY BENEFICIARIES. This Agreement is solely for the benefit of the Parties and their respective successors and permitted assigns, and nothing in this Agreement, express or implied, is
intended to or shall confer upon any other Person or Persons any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement, including any Wireline Participant and any NTELOS Participant. Furthermore, nothing in this
Agreement is intended (i) to confer upon any employee or former employee of NTELOS, Wireline or any member of the NTELOS Group or Wireline Group any right to continued employment, or any recall or similar rights to an individual on layoff or
any type of approved leave or any right to any specific compensation or benefits not specifically set forth in this Agreement, or (ii) to be construed to relieve any insurance company of any responsibility for any employee benefit under any
Benefit Plan or any other Liability. 
 18.6 CONSENT OF THIRD PARTIES. If any provision of this Agreement is dependent on the
consent of any third party and such consent is withheld, the Parties shall use their reasonable best efforts to implement the applicable provisions of this Agreement to the fullest extent practicable. If any provision of this Agreement cannot be
implemented due to the failure of such third party to consent, the Parties shall negotiate in good faith to implement the provision in a mutually satisfactory manner; provided, however, Wireline and NTELOS shall not have any obligation under this
Agreement to the other to obtain a novation with respect to obligations which the other might have with respect to any Wireline or NTELOS Participants, as applicable. 
 18.7 BENEFICIARY DESIGNATION/RELEASE OF INFORMATION/RIGHT TO REIMBURSEMENT. To the extent permitted by applicable Law and except as otherwise provided for in this Agreement, all beneficiary designations,
authorizations for the release of Information and rights to reimbursement made by or relating to Wireline Participants under NTELOS Benefit Plans, or NTELOS Participants under the Wireline Benefit Plans, shall be transferred and assigned to and be
in full force and effect under the corresponding Wireline Benefit Plans or NTELOS Benefit Plans, as applicable until such beneficiary designations, authorizations or rights are replaced or revoked by, or no longer apply to, the relevant Wireline or
NTELOS Participant. 
 18.8 NOT A CHANGE IN CONTROL. The Parties acknowledge and agree that the transactions contemplated by the
Separation and Distribution Agreement and this Agreement do not constitute a “change in control” for purposes of any NTELOS Benefit Plan or Wireline Benefit Plan. 
 18.9 NO NOVATION. The Parties do not intend that any provision of this Agreement or the fact of any individual’s participation in the negotiation of this Agreement or any

  
 52 

 
individual’s employment by Wireline or any member of the Wireline Group, or by NTELOS or any member of the NTELOS Group, constitute an implied novation with respect to any obligations which
NTELOS or any member of the NTELOS Group, or Wireline or any member of the Wireline Group, might have with respect to such individual. 
 18.10 NONSOLICITATION. The Parties agree that, until the second anniversary of the Distribution Date (or such later date as mutually agreed to by the Parties), neither Party shall, directly or indirectly,
(i) solicit or encourage any employee of the other to terminate employee’s employment, (ii) except with prior written consent of the other Party, hire, or cause to be hired, for employment, any person who within the preceding twelve
(12) month period has been employed by the other, or (iii) assist any other person, firm or corporation to do any of the acts described herein except as otherwise set forth in this Agreement. Each Party acknowledges and agrees that any
breach of this covenant will cause irreparable damage to the other or some member of the other’s group, the exact amount which will be difficult to determine, and that the remedies at law for such a breach will be inadequate. Accordingly, each
Party agrees that, in addition to any other remedy that may be available at law, in equity or hereunder, each Party shall be entitled to specific performance and injunctive relief, without the posting of bond or other securities, to enforce or
prevent any violation of the covenants set forth herein. 
 18.11 CONFIDENTIALITY. In order to protect each other’s
Confidential Information (as defined below), neither Party will in any way utilize any of the other Party’s Confidential Information for the other’s own benefit or the benefit of any other person. “Confidential Information” shall
mean any information that is confidential and proprietary to the respective party, including but not limited to, trade secrets; lists and other information about current and prospective customers; plans or strategies for sales; marketing, business
development or system build-out; sales and account records; prices or pricing strategy or information; current proposed advertising and promotional programs; engineering and technical data; other methods, systems, techniques, procedures, designs,
formulas, inventions and know-how; personal information; legal advice and strategies; and any other information of a similar nature not known or made available to the public or any of the other Party’s Competitors (as defined below).
Confidential Information includes any information that the Party may prepare as well as such information that has been or may be created or prepared by others. This promise of confidentiality is in addition to any common law or statutory rights of
such Party to prevent disclosure of its trade secrets and/or Confidential Information. For purposes of this Agreement, “Competitor” means any person, firm, association, partnership, corporation or other entity that competes or attempts to
compete with the Party by providing or offering to provide, with respect to Wireline, wireline or, with respect to NTELOS, wireless telecommunication services, including but not limited to internet services, within any city or county in which the
Party provides or offers those services or products. Each Party agrees to extend, by means of codes of conduct, written agreement, rules or otherwise, these confidential requirements to each Party’s employees and contractors and to require such
employees and contractors to abide by the terms hereof. 

  
 53 

 SECTION 19 
 MISCELLANEOUS 
 19.1 EFFECT IF DISTRIBUTION DOES NOT OCCUR. Notwithstanding
anything in this Agreement to the contrary, if the Separation and Distribution Agreement is terminated prior to the Distribution Date, then all actions and events that are, under this Agreement, to be taken or occur effective immediately prior to,
as of or following the Distribution Date, or otherwise in connection with the Separation, shall not be taken or occur except to the extent specifically agreed to in writing by NTELOS and Wireline and neither Party shall have any Liabilities to the
other Party under this Agreement. 
 19.2 RELATIONSHIP OF PARTIES. Nothing in this Agreement shall be deemed or construed by the
Parties or any third party as creating the relationship of principal and agent, partnership, joint venture or other fiduciary relationship between the Parties, it being understood and agreed that no provision contained herein, and no act of the
Parties, shall be deemed to create any relationship between the Parties other than the relationship set forth in this Agreement. 
 19.3 INDIRECT ACTION. Each of NTELOS and Wireline shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement to be performed
indirectly by such Party or by the NTELOS Group or the Wireline Group, respectively. 
 19.4 NOTICES. All notices, requests,
claims, demands and other communications under this Agreement shall be provided in accordance with the Notice provision of the Separation and Distribution Agreement. 
 19.5 ENTIRE AGREEMENT. This Agreement, the Separation and Distribution Agreement, and each other Ancillary Agreement, including any related annexes, schedules and exhibits, as well as any other agreements
and documents referred to in this Agreement and in any such Ancillary Agreement, shall together constitute the entire agreement between the Parties with respect to the subject matter hereof and thereof and shall supersede all prior negotiations,
agreements and understandings of the Parties of any nature, whether oral or written, with respect to such subject matter. 

19.6 AMENDMENTS AND WAIVERS. This Agreement may not be modified or amended except by an instrument or instruments in writing signed by an
authorized officer of each Party. Except as otherwise provided in this Agreement, any failure of any of the Parties to comply with any obligation, covenant, agreement or condition herein may be waived by the Party entitled to the benefits thereof
only by a written instrument signed by an authorized officer of the Party granting such waiver, but such waiver or failure to insist upon strict compliance with such obligation, covenant, agreement or condition shall not operate as a waiver of, or
estoppel with respect to, any subsequent or other failure. 
 19.7 GOVERNING LAW. This Agreement and any dispute arising out of,
in connection with or relating to this Agreement shall be governed by and construed in accordance 

  
 54 

 
with the Laws of the State of Delaware, without giving effect to the conflicts of laws principles thereof. 
 19.8 HEADINGS. The section and other headings contained in this Agreement are inserted for convenience of reference only and shall not affect in any way the meaning or interpretation of this Agreement.

 19.9 COUNTERPARTS. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an
original, but all of which together shall constitute one and the same Agreement. 
 19.10 ASSIGNMENT. This Agreement may not be
assigned by either Party except as provided in the Separation and Distribution Agreement with respect to an assignment under such Separation and Distribution Agreement. 
 19.11 SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon the Parties and their respective successors and assigns, and any successor or assign of any substantial portion of the Parties’
respective businesses and/or assets. 
 19.12 SEVERABILITY. The invalidity or unenforceability of any term or provision of this
Agreement shall not affect the validity or enforceability of this Agreement or of any other term or provision of this Agreement, which shall remain in full force and effect; provided, however, if any term or provision of this Agreement is determined
to be invalid or unenforceable, the Parties shall negotiate in good faith to amend such term or provision so that it will be valid and enforceable. If it is ever held that any restriction hereunder is too broad to permit enforcement of such
restriction to its fullest extent, each Party hereby agrees that such restriction may be enforced to the maximum extent permitted by Law, and each Party hereby consents and agrees that such scope may be judicially modified accordingly in any
proceeding brought to enforce such restriction. 
 [SIGNATURE PAGE FOLLOWS] 

  
 55 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the day
and year first above written. 
  

			
	NTELOS HOLDINGS CORP.
		
	By:	 	/s/ James A. Hyde
	Name:	 	James A. Hyde
	Title:	 	Chief Executive Officer and President

  

			
	LUMOS NETWORKS CORP.
		
	By:	 	/s/ Michael B. Moneymaker
	Name:	 	Michael B. Moneymaker
	Title:	 	President

  
 56Exhibit 10.2

 Exhibit 10.2 
 TAX MATTERS AGREEMENT 
 BY AND BETWEEN 

NTELOS HOLDINGS CORP. 
 AND 
 LUMOS NETWORKS CORP. 

DATED AS OF 
 OCTOBER 31, 2011 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 SECTION 1.
	 	 DEFINITION OF TERMS
	  	 	2	  
			
	 SECTION 2.
	 	 ALLOCATION OF TAX LIABILITIES
	  	 	10	  
			
	 Section 2.01
	 	 General Rule
	  	 	10	  
			
	 Section 2.02
	 	 Allocation of United States Federal Income Tax and Federal Other Tax
	  	 	11	  
			
	 Section 2.03
	 	 Allocation of State Income and State Other Taxes
	  	 	11	  
			
	 Section 2.04
	 	 Certain Transaction and Other Taxes.
	  	 	12	  
			
	 SECTION 3.
	 	 PRORATION OF TAXES FOR STRADDLE PERIODS
	  	 	12	  
			
	 SECTION 4.
	 	 PREPARATION AND FILING OF TAX RETURNS
	  	 	13	  
			
	 Section 4.01
	 	 General
	  	 	13	  
			
	 Section 4.02
	 	 NTELOS’ Responsibility
	  	 	13	  
			
	 Section 4.03
	 	 Wireline’s Responsibility
	  	 	13	  
			
	 Section 4.04
	 	 Tax Accounting Practices
	  	 	13	  
			
	 Section 4.05
	 	 Consolidated or Combined Tax Returns
	  	 	14	  
			
	 Section 4.06
	 	 Right to Review Tax Returns
	  	 	14	  
			
	 Section 4.07
	 	 Wireline Carrybacks and Claims for Refund
	  	 	15	  
			
	 Section 4.08
	 	 Apportionment of Earnings and Profits and Tax Attributes
	  	 	15	  
			
	 SECTION 5.
	 	 TAX PAYMENTS
	  	 	16	  
			
	 Section 5.01
	 	 Payment of Taxes with Respect to NTELOS Federal Consolidated Income Tax Returns
	  	 	16	  
			
	 Section 5.02
	 	 Payment of Taxes With Respect to Joint Returns (other than a NTELOS Federal Consolidated Income Tax Return) and Certain
Returns of Other Taxes
	  	 	16	  
			
	 Section 5.03
	 	 Payment of Separate Company Taxes
	  	 	17	  
			
	 Section 5.04
	 	 Indemnification Payments
	  	 	17	  
			
	 SECTION 6.
	 	 TAX BENEFITS
	  	 	17	  
			
	 Section 6.01
	 	 Tax Benefits
	  	 	17	  
			
	 Section 6.02
	 	 NTELOS and Wireline Income Tax Deductions in Respect of Certain Equity Awards and Incentive Compensation
	  	 	19	  
			
	 SECTION 7.
	 	 TAX-FREE STATUS
	  	 	19	  
			
	 Section 7.01
	 	 Tax Opinions/Rulings and Representation Letters
	  	 	19	  
			
	 Section 7.02
	 	 Restrictions on Wireline
	  	 	19	  

  
 -i-

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
			
	 Section 7.03
	 	 Restrictions on NTELOS
	  	 	21	  
			
	 Section 7.04
	 	 Procedures Regarding Opinions and Rulings
	  	 	21	  
			
	 Section 7.05
	 	 Liability for Tax-Related Losses
	  	 	22	  
			
	 SECTION 8.
	 	 ASSISTANCE AND COOPERATION
	  	 	24	  
			
	 Section 8.01
	 	 Assistance and Cooperation
	  	 	24	  
			
	 Section 8.02
	 	 Income Tax Return Information
	  	 	25	  
			
	 Section 8.03
	 	 Reliance by NTELOS
	  	 	26	  
			
	 Section 8.04
	 	 Reliance by Wireline
	  	 	26	  
			
	 SECTION 9.
	 	 TAX RECORDS
	  	 	26	  
			
	 Section 9.01
	 	 Retention of Tax Records
	  	 	26	  
			
	 Section 9.02
	 	 Access to Tax Records
	  	 	27	  
			
	 SECTION 10.
	 	 TAX CONTESTS
	  	 	27	  
			
	 Section 10.01
	 	 Notice
	  	 	27	  
			
	 Section 10.02
	 	 Control of Tax Contests
	  	 	27	  
			
	 SECTION 11.
	 	 EFFECTIVE DATE; TERMINATION OF PRIOR INTERCOMPANY TAX ALLOCATION AGREEMENTS
	  	 	29	  
			
	 SECTION 12.
	 	 SURVIVAL OF OBLIGATIONS
	  	 	30	  
			
	 SECTION 13.
	 	 TREATMENT OF PAYMENTS; TAX GROSS UP
	  	 	30	  
			
	 Section 13.01
	 	 Treatment of Tax Indemnity and Tax Benefit Payments
	  	 	30	  
			
	 Section 13.02
	 	 Tax Gross Up
	  	 	30	  
			
	 Section 13.03
	 	 Interest Under This Agreement
	  	 	30	  
			
	 SECTION 14.
	 	 DISAGREEMENTS
	  	 	31	  
			
	 Section 14.01
	 	 Tax Disputes
	  	 	31	  
			
	 Section 14.02
	 	 High-Level Disputes
	  	 	31	  
			
	 SECTION 15.
	 	 LATE PAYMENTS
	  	 	31	  
			
	 SECTION 16.
	 	 EXPENSES
	  	 	31	  
			
	 SECTION 17.
	 	 GENERAL PROVISIONS
	  	 	31	  
			
	 Section 17.01
	 	 Addresses and Notices
	  	 	31	  
			
	 Section 17.02
	 	 Binding Effect
	  	 	32	  
			
	 Section 17.03
	 	 Waiver
	  	 	32	  
			
	 Section 17.04
	 	 Severability
	  	 	32	  

  
 -ii-

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
			
	 Section 17.05
	 	 Authority
	  	 	32	  
			
	 Section 17.06
	 	 Further Action
	  	 	33	  
			
	 Section 17.07
	 	 Integration
	  	 	33	  
			
	 Section 17.08
	 	 Construction
	  	 	33	  
			
	 Section 17.09
	 	 No Double Recovery
	  	 	33	  
			
	 Section 17.10
	 	 Counterparts
	  	 	33	  
			
	 Section 17.11
	 	 Governing Law
	  	 	33	  
			
	 Section 17.12
	 	 Jurisdiction
	  	 	34	  
			
	 Section 17.13
	 	 Amendment
	  	 	34	  
			
	 Section 17.14
	 	 Wireline Subsidiaries
	  	 	34	  
			
	 Section 17.15
	 	 Successors
	  	 	34	  
			
	 Section 17.16
	 	 Injunctions
	  	 	34	  

  
 -iii-

 Schedules 

 

			
	Schedule 6.01(b)	  	Tax Benefits
		
	Schedule 7.02(a)	  	Restrictions on Wireline; Transactions

 FORM OF TAX MATTERS AGREEMENT 

TAX MATTERS AGREEMENT (this “Agreement”), dated as of October 31, 2011 is entered into by and between NTELOS
Holdings Corp., a Delaware corporation (“NTELOS”) and Lumos Networks Corp., a Delaware corporation (“Wireline”) (together, the “Companies” and, as the context requires, individually referred to
herein as the “Company”). 
 RECITALS 

WHEREAS, the Board of Directors of NTELOS has determined that it is in the best interests of NTELOS and its stockholders to separate
NTELOS’ wireline business from its wireless business; 
 WHEREAS, as of the date hereof, NTELOS is the common parent of an
affiliated group, including Wireline, which has elected to file consolidated Federal income tax returns; 
 WHEREAS, the
Companies have entered into the Separation and Distribution Agreement (as defined below), pursuant to which NTELOS has agreed to contribute to Wireline the stock of certain subsidiaries engaged in, and other assets associated with NTELOS’
wireline business and certain other assets in exchange for all of the outstanding shares of common stock of Wireline and the assumption by Wireline of certain liabilities of NTELOS (the “Contribution”); 

WHEREAS, NTELOS intends to distribute to its stockholders all the outstanding shares of stock of Wireline owned by NTELOS (the
“Distribution”); 
 WHEREAS, the Companies believe the Distribution will allow NTELOS and Wireline to each be
better positioned, among other items, to manage their operations and capital investments, leverage their distinct competitive strengths, effectively structure employee compensation and pursue growth strategies to enhance stockholder value;

 WHEREAS, the Companies intend that the Contribution, the Distribution and the other transactions contemplated by the
Separation and Distribution Agreement qualify as a “reorganization” under the Code (as defined below), with respect to which no gain or loss is recognized under Code Sections 361 and 355; 

WHEREAS, as a result of the Distribution, Wireline and its subsidiaries will cease to be members of the affiliated group (as that term is
defined in Section 1504 of the Code) of which NTELOS is the common parent (the “Deconsolidation”); 

WHEREAS, the parties desire to provide for and agree upon the allocation between the parties of liabilities for Taxes (as defined below)
arising prior to, as a result of, and subsequent to the Distribution, and to provide for and agree upon other matters relating to Taxes; 
 NOW THEREFORE, in consideration of the mutual agreements contained herein, the parties hereby agree as follows: 
 Section 1. Definition of Terms. For purposes of this Agreement (including the recitals hereof), the following terms have the following meanings, and capitalized terms used but

  
 2 

 
not otherwise defined herein shall have the meaning ascribed to them in the Separation and Distribution Agreement: 
 “Accounting Cutoff Date” means, with respect to Wireline, any date as of the end of which there is a closing of the financial accounting records for such entity. 

“Active Trade or Business” means the active conduct (as defined in Section 355(b)(2) of the Code and the
regulations thereunder) by Wireline and its “separate affiliated group” (as defined in Section 355(b)(3)(B) of the Code) of the Wireline Business as conducted immediately prior to the Distribution. 

“Adjustment Request” means any formal or informal claim or request filed with any Tax Authority, or with any
administrative agency or court, for the adjustment, refund, or credit of Taxes, including (a) any amended Tax return claiming adjustment to the Taxes as reported on the Tax Return or, if applicable, as previously adjusted, (b) any claim
for equitable recoupment or other offset, and (c) any claim for refund or credit of Taxes previously paid. 

“Affiliate” means any entity that is directly or indirectly “controlled” by either the person in question or
an Affiliate of such person. “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person, whether through ownership of voting securities, by
contract or otherwise. The term Affiliate shall refer to Affiliates of a person as determined immediately after the Distribution. 
 “Agreement” shall mean this Tax Matters Agreement. 

“Board Certificate” shall have the meaning set forth in Section 7.02(d) of this Agreement. 

“Business Day” means a day other than a Saturday, Sunday or other day on which commercial banks in Virginia, West
Virginia or New York City are authorized or obligated by law to close. Any event the scheduled occurrence of which would fall on a day that is not a Business Day shall be deferred until the next succeeding Business Day. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Companies” and “Company” shall have the meaning provided in the first sentence of this Agreement.

 “Contribution” shall have the meaning provided in the Recitals. 

“Controlling Party” shall have the meaning set forth in Section 10.02(e) of this Agreement. 

“Deconsolidation” shall have the meaning provided in the Recitals. 

“Deconsolidation Date” means the last date on which Wireline qualifies as a member of the affiliated group (as defined
in Section 1504 of the Code) of which NTELOS is the common parent. 

  
 3 

 “DGCL” means the Delaware General Corporation Law. 

“Distribution” shall have the meaning provided in the Recitals. 

“Distribution Date” shall mean the date on which the Distribution occurs. 

“Employee Matters Agreement” means the Employee Matters Agreement, dated as of October 31, 2011, by and between
NTELOS and Wireline. 
 “Federal Income Tax” means any Tax imposed by Subtitle A of the Code, and any interest,
penalties, additions to tax, or additional amounts in respect of the foregoing. 
 “Federal Other Tax” means
any Tax imposed by the federal government of the United States of America other than any Federal Income Taxes, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing. 

“Fifty-Percent or Greater Interest” shall have the meaning ascribed to such term for purposes of Sections 355(d) and
(e) of the Code. 
 “Filing Date” shall have the meaning set forth in Section 7.05(d) of this
Agreement. 
 “Final Determination” means the final resolution of liability for any Income Tax or Other Tax,
which resolution may be for a specific issue or adjustment or for a taxable period, (a) by IRS Form 870 or 870-AD (or any successor forms thereto), on the date of acceptance by or on behalf of the taxpayer, or by a comparable form under the
laws of a State, local, or foreign taxing jurisdiction, except that a Form 870 or 870-AD or comparable form shall not constitute a Final Determination to the extent that it reserves (whether by its terms or by operation of law) the right of the
taxpayer to file a claim for refund or the right of the Tax Authority to assert a further deficiency in respect of such issue or adjustment or for such taxable period (as the case may be); (b) by a decision, judgment, decree, or other order by
a court of competent jurisdiction, which has become final and unappealable; (c) by a closing agreement or accepted offer in compromise under Sections 7121 or 7122 of the Code, or a comparable agreement under the laws of a State, local, or
foreign taxing jurisdiction; (d) by any allowance of a refund or credit in respect of an overpayment of Income Tax or Other Tax, but only after the expiration of all periods during which such refund may be recovered (including by way of offset)
by the jurisdiction imposing such Income Tax or Other Tax; (e) by a final settlement resulting from a treaty-based competent authority determination; or (f) by any other final disposition, including by reason of the expiration of the
applicable statute of limitations or by mutual agreement of the parties. 
 “Group” means the NTELOS Group or
the Wireline Group, or both, as the context requires. 
 “High-Level Dispute” means any dispute or disagreement
(a) relating to liability under Section 7.05 of this Agreement or (b) in which the amount of liability in dispute exceeds $20 million. 
 “Income Tax” means any Federal Income Tax or State Income Tax. 

  
 4 

 “Indemnitee” shall have the meaning set forth in Section 13.03 of this
Agreement. 
 “Indemnitor” shall have the meaning set forth in Section 13.03 of this Agreement.

 “Internal Restructuring” shall have the meaning set forth in Section 7.02(e) of this Agreement.

 “IRS” means the United States Internal Revenue Service. 

“Joint Adjustment” means any proposed adjustment by a Tax Authority or claim for refund asserted in a Tax Contest which
is neither a Wireline Adjustment nor an NTELOS Adjustment. 
 “Joint Return” shall mean any Return of a member
of the NTELOS Group or the Wireline Group that is not a Separate Return. 
 “Non-Controlling Party” shall have
the meaning set forth in Section 10.02(e) of this Agreement. 
 “Notified Action” shall have the meaning
set forth in Section 7.04(a) of this Agreement. 
 “NTELOS” shall have the meaning provided in the first
sentence of this Agreement. 
 “NTELOS Adjustment” means any proposed adjustment by a Tax Authority or claim
for refund asserted in a Tax Contest to the extent NTELOS would be exclusively liable for any resulting Tax under this Agreement or exclusively entitled to receive any resulting Tax Benefit under this Agreement. 

“NTELOS Affiliated Group” shall have the meaning provided in the definition of “NTELOS Federal Consolidated Income
Tax Return.” 
 “NTELOS Federal Consolidated Income Tax Return” means any United States federal Income Tax
Return for the affiliated group (as that term is defined in Section 1504 of the Code and the regulations thereunder) of which NTELOS is the common parent (the “NTELOS Affiliated Group”). 

“NTELOS Group” means NTELOS and its Affiliates, excluding any entity that is a member of the Wireline Group. 

“NTELOS Group Transaction Returns” shall have the meaning set forth in Section 4.04(b) of this Agreement.

 “NTELOS Separate Return” means any Separate Return of NTELOS or any member of the NTELOS Group. 

“NTELOS State Combined Income Tax Return” means a consolidated, combined or unitary State Income Tax Return that
actually includes, by election or otherwise, one or more members of the NTELOS Group together with one or more members of the Wireline Group. 

  
 5 

 “Other Tax” means any Federal Other Tax or State Other Tax. 

“Past Practices” shall have the meaning set forth in Section 4.04(a) of this Agreement. 

“Payment Date” means (i) with respect to any NTELOS Federal Consolidated Income Tax Return, the due date for any
required installment of estimated taxes determined under Section 6655 of the Code, the due date (determined without regard to extensions) for filing the return determined under Section 6072 of the Code, and the date the return is filed,
and (ii) with respect to any other Tax Return, the corresponding dates determined under the applicable Tax Law. 

“Payor” shall have the meaning set forth in Section 5.04 of this Agreement. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof, without regard to whether any entity is treated as disregarded for U.S. federal income tax
purposes. 
 “Post-Deconsolidation Period” means any Tax Period beginning after the Deconsolidation Date, and,
in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Deconsolidation Date. 

“Pre-Deconsolidation Period” means any Tax Period ending on or before the Deconsolidation Date, and, in the case of any
Straddle Period, the portion of such Straddle Period ending on the Deconsolidation Date. 
 “Prime Rate” means
the base rate on corporate loans charged by Citibank, N.A. from time to time, compounded daily on the basis of a year of 365 or 366 (as applicable) days and actual days elapsed. 

“Privilege” means any privilege that may be asserted under applicable law, including, any privilege arising under or
relating to the attorney-client relationship (including the attorney-client and work product privileges), the accountant-client privilege and any privilege relating to internal evaluation processes. 

“Proposed Acquisition Transaction” means a transaction or series of transactions (or any agreement, understanding or
arrangement, within the meaning of Section 355(e) of the Code and Treasury Regulation Section 1.355-7, or any other regulations promulgated thereunder, to enter into a transaction or series of transactions), whether such transaction is
supported by Wireline management or shareholders, is a hostile acquisition, or otherwise, as a result of which Wireline would merge or consolidate with any other Person or as a result of which any Person or any group of related Persons would
(directly or indirectly) acquire, or have the right to acquire, from Wireline and/or one or more holders of outstanding shares of Wireline Capital Stock, a number of shares of Wireline Capital Stock that would, when combined with any other changes
in ownership of Wireline Capital Stock pertinent for purposes of Section 355(e) of the Code, comprise 40% or more of (A) the value of all outstanding shares of stock of Wireline as of the date of such transaction, or in the case of a
series of transactions, the date of the last transaction of such series, or (B) the total combined voting power of all outstanding shares of voting stock of 

  
 6 

 
Wireline as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series. Notwithstanding the foregoing, a Proposed Acquisition
Transaction shall not include (A) the adoption by Wireline of a shareholder rights plan or (B) issuances by Wireline that satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s performance of services) or
Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury Regulation Section 1.355-7(d). For purposes of determining whether a transaction constitutes an indirect acquisition, any recapitalization resulting in a
shift of voting power or any redemption of shares of stock shall be treated as an indirect acquisition of shares of stock by the non-exchanging shareholders. This definition and the application thereof is intended to monitor compliance with
Section 355(e) of the Code and shall be interpreted accordingly. Any clarification of, or change in, the statute or regulations promulgated under Section 355(e) of the Code shall be incorporated in this definition and its interpretation.

 “Representation Letters” means the representation letters and any other materials (including, without
limitation, a Ruling Request and any related supplemental submissions to the IRS) delivered or deliverable by NTELOS and others in connection with the rendering by Tax Advisors, and/or the issuance by the IRS, of the Tax Opinions/Rulings.

 “Required Party” shall have the meaning set forth in Section 5.04 of this Agreement. 

“Responsible Company” means, with respect to any Tax Return, the Company having responsibility for preparing and filing
such Tax Return under this Agreement. 
 “Retention Date” shall have the meaning set forth in Section 9.01
of this Agreement. 
 “Ruling” means a private letter ruling (including a supplemental private letter ruling)
issued by the IRS to NTELOS in connection with the Contribution and Distribution. 
 “Ruling Request” means any
letter filed by NTELOS with the IRS requesting a ruling regarding certain tax consequences of the Transactions (including all attachments, exhibits, and other materials submitted with such ruling request letter) and any amendment or supplement to
such ruling request letter. 
 “Section 7.02(d) Acquisition Transaction” means any transaction or series of
transactions that is not a Proposed Acquisition Transaction but would be a Proposed Acquisition Transaction if the percentage reflected in the definition of Proposed Acquisition Transaction were 25% instead of 40%. 

“Separate Return” means (a) in the case of any Tax Return of any member of the Wireline Group (including any
consolidated, combined or unitary return), any such Tax Return that does not include any member of the NTELOS Group and (b) in the case of any Tax Return of any member of the NTELOS Group (including any consolidated, combined or unitary
return), any such Tax Return that does not include any member of the Wireline Group. 
 “Separation and Distribution
Agreement” means the Separation and Distribution Agreement, dated as of October 31, 2011, by and between NTELOS and Wireline. 

  
 7 

 “State Income Tax” means any Tax imposed by any State of the United States
or by any political subdivision of any such State which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in
respect of the foregoing. 
 “State Other Tax” means any Tax imposed by any State of the United States or by
any political subdivision of any such State other than any State Income Taxes, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing. 

“State Tax” means any State Income Taxes or State Other Taxes. 

“Straddle Period” means any Tax Period that begins on or before and ends after the Deconsolidation Date. 

“Tax” or “Taxes” means any income, gross income, gross receipts, profits, capital stock, franchise,
withholding, payroll, social security, workers compensation, unemployment, disability, property, ad valorem, stamp, excise, severance, occupation, service, sales, use, license, lease, transfer, import, export, value added, alternative minimum,
estimated or other tax (including any fee, assessment, or other charge in the nature of or in lieu of any tax) imposed by any governmental entity or political subdivision thereof, and any interest, penalties, additions to tax, or additional amounts
in respect of the foregoing. 
 “Tax Advisor” means a United States tax counsel, accountant, or other
professional tax service provider of recognized national standing. 
 “Tax Attribute” or
“Attribute” shall mean a net operating loss, net capital loss, unused investment credit, excess charitable contribution, general business credit or any other Tax Item that could reduce a Tax. 

“Tax Authority” means, with respect to any Tax, the governmental entity or political subdivision thereof that imposes
such Tax, and the agency (if any) charged with the collection of such Tax for such entity or subdivision. 
 “Tax
Benefit” means any refund, credit, or other reduction in otherwise required Tax payments. 
 “Tax
Contest” means an audit, review, examination, or any other administrative or judicial proceeding with the purpose or effect of redetermining Taxes (including any administrative or judicial review of any claim for refund). 

“Tax Contest Committee” shall have the meaning provided in Section 10.02(d) of this Agreement. 

“Tax Control” means the definition of “control” set forth in Section 368(c) of the Code (or in any
successor statute or provision), as such definition may be amended from time to time. 
 “Tax-Free Status”
means the qualification of the Contribution and Distribution, taken together, (a) as a reorganization described in Sections 355(a) and 368(a)(1)(D) of the Code, (b)

  
 8 

 
as a transaction in which the stock distributed thereby is “qualified property” for purposes of Sections 355(d), 355(e) and 361(c) of the Code and (c) as a transaction in which
NTELOS, Wireline and the shareholders of NTELOS recognize no income or gain for U.S. federal income tax purposes pursuant to Sections 355, 361 and 1032 of the Code, other than, in the case of NTELOS and Wireline, intercompany items or excess loss
accounts taken into account pursuant to the Treasury Regulations promulgated pursuant to Section 1502 of the Code. 

“Tax Item” means, with respect to any Income Tax, any item of income, gain, loss, deduction, or credit. 

“Tax Law” means the law of any governmental entity or political subdivision thereof relating to any Tax. 

“Tax Opinions/Rulings” means the opinions of Tax Advisors and/or the rulings by the IRS delivered or deliverable to
NTELOS in connection with the Contribution and the Distribution. 
 “Tax Period” means, with respect to any
Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law. 
 “Tax
Records” means any Tax Returns, Tax Return workpapers, documentation relating to any Tax Contests, and any other books of account or records (whether or not in written, electronic or other tangible or intangible forms and whether or not
stored on electronic or any other medium) required to be maintained under the Code or other applicable Tax Laws or under any record retention agreement with any Tax Authority. 
 “Tax-Related Losses” means (i) all federal, state and local Taxes (including interest and penalties thereon) imposed pursuant to any settlement, Final Determination, judgment or
otherwise; (ii) all accounting, legal and other professional fees, and court costs incurred in connection with such Taxes; and (iii) all costs, expenses and damages associated with stockholder litigation or controversies and any amount
paid by NTELOS (or any NTELOS Affiliate) or Wireline (or any Wireline Affiliate) in respect of the liability of shareholders, whether paid to shareholders or to the IRS or any other Tax Authority, in each case, resulting from the failure of the
Contribution and the Distribution to have Tax-Free Status. 
 “Tax Return” or “Return” means
any report of Taxes due, any claim for refund of Taxes paid, any information return with respect to Taxes, or any other similar report, statement, declaration, or document required to be filed under the Code or other Tax Law, including any
attachments, exhibits, or other materials submitted with any of the foregoing, and including any amendments or supplements to any of the foregoing. 
 “Transactions” means the Contribution, the Distribution and the other transactions contemplated by the Separation and Distribution Agreement. 

“Transfer Pricing Adjustment” shall mean any proposed or actual allocation by a Tax Authority of any Tax Item between or
among any member of the NTELOS Group and any member of the Wireline Group with respect to any Pre-Deconsolidation Period. 

  
 9 

 “Treasury Regulations” means the regulations promulgated from time to time
under the Code as in effect for the relevant Tax Period. 
 “Unqualified Tax Opinion” means an unqualified
“will” opinion of a Tax Advisor, which Tax Advisor is acceptable to NTELOS, on which NTELOS may rely to the effect that a transaction will not affect the Tax-Free Status. Any such opinion must assume that the Contribution and Distribution
would have qualified for Tax-Free Status if the transaction in question did not occur. 
 “Wireless Business”
shall have the meaning provided to it in the Ruling Request filed by NTELOS on March 23, 2011. 

“Wireline” shall have the meaning provided in the first sentence of this Agreement. 

“Wireline Adjustment” means any proposed adjustment by a Tax Authority or claim for refund asserted in a Tax Contest to
the extent Wireline would be exclusively liable for any resulting Tax under this Agreement or exclusively entitled to receive any resulting Tax Benefit under this Agreement. 
 “Wireline Business” shall have the meaning provided to it in the Ruling Request filed by NTELOS on March 23, 2011. 

“Wireline Capital Stock” means all classes or series of capital stock of Wireline, including (i) the Wireline
Common Stock, (ii) all options, warrants and other rights to acquire such capital stock and (iii) all instruments properly treated as stock in Wireline for U.S. federal income tax purposes. 

“Wireline Carryback” means any net operating loss, net capital loss, excess tax credit, or other similar Tax item of any
member of the Wireline Group which may or must be carried from one Tax Period to another prior Tax Period under the Code or other applicable Tax Law. 
 “Wireline Common Stock” has the meaning set forth in the Separation and Distribution Agreement. 
 “Wireline Federal Consolidated Income Tax Return” shall mean any United States federal Income Tax Return for the affiliated group (as that term is defined in Section 1504 of the
Code) of which Wireline is the common parent. 
 “Wireline Group” means Wireline and its Affiliates, as
determined immediately after the Distribution. 
 “Wireline Separate Return” means any Separate Return of
Wireline or any member of the Wireline Group. 
 Section 2. Allocation of Tax Liabilities. 

Section 2.01 General Rule. 

  
 10 

 (a) NTELOS Liability. NTELOS shall be liable for, and shall indemnify and hold
harmless the Wireline Group from and against any liability for, Taxes which are allocated to NTELOS under this Section 2. 

(b) Wireline Liability. Wireline shall be liable for, and shall indemnify and hold harmless the NTELOS Group from and against any
liability for, Taxes which are allocated to Wireline under this Section 2. 
 Section 2.02 Allocation of United
States Federal Income Tax and Federal Other Tax. Except as provided in Section 2.04, Federal Income Tax and Federal Other Tax shall be allocated as follows: 
 (a) Allocation of Tax Relating to NTELOS Federal Consolidated Income Tax Returns. With respect to any NTELOS Federal Consolidated Income Tax Return, NTELOS shall be responsible for any and all
Federal Income Taxes due or required to be reported on any such Income Tax Return (including any increase in such Tax as a result of a Final Determination). 
 (b) Allocation of Tax Relating to Federal Separate Income Tax Returns. (i) NTELOS shall be responsible for any and all Federal Income Taxes due with respect to or required to be reported on
any NTELOS Separate Return (including any increase in such Tax as a result of a Final Determination); (ii) Wireline shall be responsible for any and all Federal Income Taxes due with respect to or required to be reported on any Wireline
Separate Return (including any increase in such Tax as a result of a Final Determination). 
 (c) Allocation of Federal Other
Tax. NTELOS shall be responsible for any and all Federal Other Taxes attributable to the Wireless Business. Wireline shall be responsible for any and all Federal Other Taxes attributable to the Wireline Business. 

Section 2.03 Allocation of State Income and State Other Taxes. Except as provided in Section 2.04, State Income Tax and
State Other Tax shall be allocated as follows: 
 (a) Allocation of Tax Relating to NTELOS State Combined Income Tax
Returns. NTELOS shall be responsible for any and all State Income Taxes due with respect to or required to be reported on any NTELOS State Combined Income Tax Return (including any increase in such Tax as a result of a Final Determination).

 (b) Allocation of Tax Relating to Separate Returns. (i) NTELOS shall be responsible for any and all State Income
Taxes due with respect to or required to be reported on any NTELOS Separate Return (including any increase in such Tax as a result of a Final Determination); (ii) Wireline shall be responsible for any and all State Income Taxes due with respect
to or required to be reported on any Wireline Separate Return (including any increase in such Tax as a result of a Final Determination). 
 (c) Allocation of State Other Tax. NTELOS shall be responsible for any and all State Other Taxes attributable to the Wireless Business. Wireline shall be responsible for any and all State Other
Taxes attributable to the Wireline Business. 

  
 11 

 Section 2.04 Certain Transaction and Other Taxes. 

(a) Wireline Liability. Wireline shall be liable for, and shall indemnify and hold harmless the NTELOS Group from and against any
liability for: 
 (i) Any stamp, sales and use, gross receipts, value-added or other transfer Taxes imposed by
any Tax Authority on any member of the Wireline Group (if such member is primarily liable for such Tax) on the transfers occurring pursuant to the Transactions; 
 (ii) any Tax resulting from a breach by Wireline of any covenant in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement; and 

(iii) any Tax-Related Losses for which Wireline is responsible pursuant to Section 7.05 of this Agreement.

 (b) NTELOS Liability. NTELOS shall be liable for, and shall indemnify and hold harmless the Wireline Group from and
against any liability for: 
 (i) Any stamp, sales and use, gross receipts, value-added or other transfer Taxes
imposed by any Tax Authority on any member of the NTELOS Group (if such member is primarily liable for such Tax) on the transfers occurring pursuant to the Transactions; 

(ii) any Tax resulting from a breach by NTELOS of any covenant in this Agreement, the Separation and Distribution
Agreement or any Ancillary Agreement; and 
 (iii) any Tax-Related Losses for which NTELOS is responsible
pursuant to Section 7.05 of this Agreement. 
 Section 3. Proration of Taxes for Straddle Periods. 

(a) General Method of Proration. In the case of any Straddle Period, Tax Items shall be apportioned between Pre-Deconsolidation
Periods and Post-Deconsolidation Periods in accordance with the principles of Treasury Regulation Section 1.1502-76(b) as reasonably interpreted and applied by the Companies. No election shall be made under Treasury Regulation
Section 1.1502-76(b)(2)(ii) (relating to ratable allocation of a year’s items). If the Deconsolidation Date is not an Accounting Cutoff Date, the provisions of Treasury Regulation Section 1.1502-76(b)(2)(iii) will be applied to
ratably allocate the items (other than extraordinary items) for the month which includes the Deconsolidation Date. 
 (b)
Transaction Treated as Extraordinary Item. In determining the apportionment of Tax Items between Pre-Deconsolidation Periods and Post-Deconsolidation Periods, any Tax Items relating to the Transactions shall be treated as extraordinary items
described in Treasury Regulation Section 1.1502-76(b)(2)(ii)(C) and shall (to the extent occurring on or prior to the Deconsolidation Date) be allocated to Pre-Deconsolidation Periods, and any Taxes related to such items shall be treated under
Treasury Regulation Section 1.1502-76(b)(2)(iv) as relating to 

  
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such extraordinary item and shall (to the extent occurring on or prior to the Deconsolidation Date) be allocated to Pre-Deconsolidation Periods. 

Section 4. Preparation and Filing of Tax Returns. 
 Section 4.01 General. Except as otherwise provided in this Section 4, Tax Returns shall be prepared and filed when due (including extensions) by the person obligated to file such Tax
Returns under the Code or applicable Tax Law. The Companies shall provide, and shall cause their Affiliates to provide, assistance and cooperation to one another in accordance with Section 8 with respect to the preparation and filing of Tax
Returns, including providing information required to be provided in Section 8. 
 Section 4.02 NTELOS’
Responsibility. NTELOS has the exclusive obligation and right to prepare and file, or to cause to be prepared and filed: 

(a) NTELOS Federal Consolidated Income Tax Returns for any Tax Periods ending on, before or after the Deconsolidation Date;

 (b) NTELOS State Combined Income Tax Returns and any other Joint Returns which NTELOS reasonably determines are
required to be filed (or which NTELOS chooses to be filed) by the Companies or any of their Affiliates for Tax Periods ending on, before or after the Deconsolidation Date; provided, however, that NTELOS shall provide written notice of such
determination to file such NTELOS State Combined Income Tax Returns or other Joint Returns to Wireline; and 
 (c) NTELOS
Separate Returns and Wireline Separate Returns which NTELOS reasonably determines are required to be filed by the Companies or any of their Affiliates for Tax Periods ending on, before or after the Deconsolidation Date (limited, in the case of
Wireline Separate Returns, to such Returns as are required to be filed for Tax Periods ending on or prior to the Deconsolidation Date). 
 Section 4.03 Wireline’s Responsibility. Wireline shall prepare and file, or shall cause to be prepared and filed, all Tax Returns required to be filed by or with respect to members of the
Wireline Group other than those Tax Returns which NTELOS is required to prepare and file under Section 4.02. The Tax Returns required to be prepared and filed by Wireline under this Section 4.03 shall include (a) any Wireline Federal
Consolidated Income Tax Return for Tax Periods ending after the Deconsolidation Date and (b) Wireline Separate Returns required to be filed for Tax Periods ending after the Deconsolidation Date. 

Section 4.04 Tax Accounting Practices. 
 (a) General Rule. Except as provided in Section 4.04(b), with respect to any Tax Return that Wireline has the obligation and right to prepare and file, or cause to be prepared and filed, under
Section 4.03, for any Pre-Deconsolidation Period or any Straddle Period (or any taxable period beginning after the Deconsolidation Date to the extent items reported on such Tax Return might reasonably be expected to affect items reported on any
Tax Return for any Pre-Deconsolidation Period or any Straddle Period), such Tax Return shall be prepared in accordance with past practices, accounting methods, elections or conventions (“Past Practices”) used with

  
 13 

 
respect to the Tax Returns in question (unless there is no reasonable basis for the use of such Past Practices or unless there is no adverse effect to NTELOS), and to the extent any items are not
covered by Past Practices (or in the event that there is no reasonable basis for the use of such Past Practices or there is no adverse effect to NTELOS), in accordance with reasonable Tax accounting practices selected by Wireline. Except as provided
in Section 4.04(b), NTELOS shall prepare any Tax Return which it has the obligation and right to prepare and file, or cause to be prepared and filed, under Section 4.02, in accordance with reasonable Tax accounting practices selected by
NTELOS. 
 (b) Reporting of Transactions. The Tax treatment of the Transactions, reported on any Tax Return, shall be
consistent with the treatment thereof in the Ruling Requests and the Tax Opinions/Rulings, unless there is no reasonable basis for such Tax treatment. The Tax treatment reported on any Tax Return for which Wireline is the Responsible Party shall be
consistent with that on any Tax Return filed or to be filed by NTELOS or any member of the NTELOS Group or caused or to be caused to be filed by NTELOS, in each case with respect to periods prior to the Distribution Date or with respect to Straddle
Periods (“NTELOS Group Transaction Returns”), unless there is no reasonable basis for such Tax treatment. To the extent there is a Tax treatment relating to the Transactions which is not covered by the Ruling Requests, the Tax
Opinions/Rulings or NTELOS Group Transaction Returns, the Companies shall agree on the Tax treatment to be reported on any Tax Return. For this purpose, the Tax treatment shall be determined by the Responsible Company with respect to such Tax Return
and shall be agreed to by the other Company unless either (i) there is no reasonable basis for such Tax treatment, or (ii) such Tax treatment is inconsistent with the Tax treatment contemplated in the Ruling Requests, the Tax
Opinions/Rulings and/or the NTELOS Group Transaction Returns. Such Tax Return shall be submitted for review pursuant to Section 4.06(a), and any dispute regarding such proper Tax treatment shall be referred for resolution pursuant to
Section 14, sufficiently in advance of the filing date of such Tax Return (including extensions) to permit timely filing of the Tax Return. 
 Section 4.05 Consolidated or Combined Tax Returns. Wireline will elect and join, and will cause its respective Affiliates to elect and join, in filing any NTELOS State Combined Income Tax
Returns and any Joint Returns that NTELOS determines are required to be filed or that NTELOS chooses to file pursuant to Section 4.02(b). With respect to any Wireline Separate Returns relating to any Tax Period (or portion thereof) ending on or
prior to the Distribution Date, Wireline will elect and join, and will cause its respective Affiliates to elect and join, in filing consolidated, unitary, combined, or other similar joint Tax Returns, to the extent each entity is eligible to join in
such Tax Returns, if NTELOS reasonably determines that the filing of such Tax Returns is consistent with past reporting practices, or, in the absence of applicable past practices, will result in the minimization of the net present value of the
aggregate Tax to the entities eligible to join in such Tax Returns. 
 Section 4.06 Right to Review Tax Returns.

 (a) General. The Responsible Company with respect to any material Tax Return shall make such Tax Return and
related workpapers available for review by the other Company, if requested, to the extent (i) such Tax Return relates to Taxes for which the requesting party would reasonably be expected to be liable, (ii) such Tax Return relates to Taxes
and the 

  
 14 

 
requesting party would reasonably be expected to be liable in whole or in part for any additional Taxes owing as a result of adjustments to the amount of such Taxes reported on such Tax Return,
(iii) such Tax Return relates to Taxes for which the requesting party would reasonably be expected to have a claim for Tax Benefits under this Agreement, or (iv) the requesting party reasonably determines that it must inspect such Tax
Return to confirm compliance with the terms of this Agreement. The Responsible Company shall use its reasonable best efforts to make such Tax Return available for review as required under this paragraph sufficiently in advance of the due date for
filing of such Tax Return to provide the requesting party with a meaningful opportunity to analyze and comment on such Tax Return and shall use its reasonable best efforts to have such Tax Return modified before filing, taking into account the
person responsible for payment of the Tax (if any) reported on such Tax Return and whether the amount of Tax liability with respect to such Tax Return is material. The Companies shall attempt in good faith to resolve any issues arising out of the
review of such Tax Return. For purposes of this section 4.06(a), a Tax Return is “material” if it could reasonably be expected to reflect (A) Tax liability equal to or in excess of $1 million, (B) a credit or credits equal to or
in excess of $1 million or (C) a loss or losses equal to or in excess of $3 million. 
 (b) Execution of Returns
Prepared by Other Party. In the case of any Tax Return which is required to be prepared and filed by one Company under this Agreement and which is required by law to be signed by the other Company (or by its authorized representative), the
Company which is legally required to sign such Tax Return shall not be required to sign such Tax Return under this Agreement if there is no reasonable basis for the Tax treatment of any item reported on the Tax Return or the Tax treatment of any
item reported on the Tax Return should, in the opinion of a Tax Advisor, subject the other Company (or its authorized representatives) to material penalties. 
 Section 4.07 Wireline Carrybacks and Claims for Refund. Wireline hereby agrees that, unless NTELOS consents in writing, (i) no Adjustment Request with respect to any Joint Return (or any
Return of Other Taxes described in clause (II) of Section 5.02) shall be filed, and (ii) any available elections to waive the right to claim in any Pre-Deconsolidation Period with respect to any Joint Return (or any Return of Other Taxes
described in clause (II) of Section 5.02) any Wireline Carryback arising in a Post-Deconsolidation Period shall be made, and no affirmative election shall be made to claim any such Wireline Carryback; provided, however, that the parties agree
that any such Adjustment Request shall be made with respect to any Wireline Carryback related to U.S. federal or State Taxes, upon the reasonable request of Wireline, if such Wireline Carryback is necessary to prevent the loss of the federal and/or
State Tax Benefit of such Wireline Carryback (including, but not limited to, an Adjustment Request with respect to a Wireline Carryback of a federal or State capital loss arising in a Post-Deconsolidation Period to a Pre-Deconsolidation Period) and
such Adjustment Request, based on NTELOS’ sole, reasonable determination, will cause no Tax detriment to NTELOS, the NTELOS Group or any member of the NTELOS Group. Any Adjustment Request which NTELOS consents to make under this
Section 4.07 shall be prepared and filed by the Responsible Company for the Tax Return to be adjusted. 

Section 4.08 Apportionment of Earnings and Profits and Tax Attributes. NTELOS shall in good faith advise Wireline in writing
of the portion, if any, of any earnings and profits, Tax Attribute or other consolidated, combined or unitary attribute which NTELOS determines 

  
 15 

 
shall be allocated or apportioned to the Wireline Group under applicable law. Wireline and all members of the Wireline Group shall prepare all Tax Returns in accordance with such written notice.
In the event that any temporary or final amendments to Treasury Regulations are promulgated after the date of this Agreement that provide for any election to apply such regulations retroactively, then any such election shall be made only to the
extent that NTELOS and Wireline collectively agree to make such election. As soon as practicable after receipt of a written request from Wireline, NTELOS shall provide copies of any studies, reports, and workpapers supporting the earnings and
profits and other Tax Attributes allocable to Wireline. Any dispute regarding the apportionment of such earnings and profits or any Tax Attribute shall be resolved pursuant to the provisions of Section 14 of this Agreement. All Tax Returns that
are required to be filed under this Agreement after such resolution shall be filed in accordance with such resolution. In the event of a subsequent adjustment to the earnings and profits or any Tax Attributes determined by NTELOS, NTELOS shall
promptly notify Wireline in writing of such adjustment. For the absence of doubt, NTELOS shall not be liable to Wireline or any member of the Wireline Group for any failure of any determination under this Section 4.08 to be accurate under
applicable law. 
 Section 5. Tax Payments. 

Section 5.01 Payment of Taxes with Respect to NTELOS Federal Consolidated Income Tax Returns. NTELOS shall pay to the IRS any
Tax due with respect to any NTELOS Federal Consolidated Income Tax Return (including any Federal Income Tax due from the NTELOS Affiliated Group that is required to be paid as a result of an adjustment to a NTELOS Federal Consolidated Income Tax
Return). 
 Section 5.02 Payment of Taxes With Respect to Joint Returns (other than a NTELOS Federal Consolidated Income
Tax Return) and Certain Returns of Other Taxes. In the case of (I) any Joint Return (other than a NTELOS Federal Consolidated Tax Return) and (II) any Return of Other Taxes reflecting both Taxes for which NTELOS is responsible under
Section 2 and Taxes for which Wireline is responsible under Section 2: 
 (a) Computation and Payment of Tax
Due. At least three Business Days prior to any Payment Date for any Tax Return, the Responsible Company shall compute the amount of Tax required to be paid to the applicable Tax Authority (taking into account the requirements of
Section 4.04 relating to consistent accounting practices, as applicable) with respect to such Tax Return on such Payment Date. The Responsible Company shall pay such amount to such Tax Authority on or before such Payment Date (and provide
notice and proof of payment to the other Company). 
 (b) Computation and Payment of Liability With Respect To Tax Due.
Within 30 days following the earlier of (i) the due date (including extensions) for filing any such Tax Return (excluding any Tax Return with respect to payment of estimated Taxes or Taxes due with a request for extension of time to file) or
(ii) the date on which such Tax Return is filed, if NTELOS is the Responsible Company, then Wireline shall pay to NTELOS the amount allocable to the Wireline Group under the provisions of Section 2, and if Wireline is the Responsible
Company, then NTELOS shall pay to Wireline the amount allocable to the NTELOS Group under the provisions of Section 2, in each case, plus interest computed at the Prime Rate on the 

  
 16 

 
amount of the payment based on the number of days from the earlier of (i) the due date of the Tax Return (including extensions) or (ii) the date on which such Tax Return is filed, to
the date of payment. 
 (c) Adjustments Resulting in Underpayments. In the case of any adjustment pursuant to a Final
Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax due with respect to such Return required to be paid as a result of such adjustment pursuant to a Final
Determination. The Responsible Company shall compute the amount attributable to the Wireline Group in accordance with Section 2 and Wireline shall pay to NTELOS any amount due NTELOS (or NTELOS shall pay Wireline any amount due Wireline) under
Section 2 within 30 days from the later of (i) the date the additional Tax was paid by the Responsible Company or (ii) the date of receipt of a written notice and demand from the Responsible Company for payment of the amount due,
accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particulars relating thereto. Any payments required under this Section 5.02(c) shall include interest computed at the Prime Rate
based on the number of days from the date the additional Tax was paid by the Responsible Company to the date of the payment under this Section 5.02(c). 
 Section 5.03 Payment of Separate Company Taxes. Each Company shall pay, or shall cause to be paid, to the applicable Tax Authority when due all Taxes owed by such Company or a member of such
Company’s Group with respect to a Separate Return of Income Taxes and with respect to a Separate Return of Other Taxes (provided that Separate Returns of Other Taxes described in clause (II) of Section 5.02 shall be governed by
Section 5.02). 
 Section 5.04 Indemnification Payments. 

(a) If any Company (the “Payor”) is required under applicable Tax Law to pay to a Tax Authority a Tax that
another Company (the “Required Party”) is liable for under this Agreement, the Required Party shall reimburse the Payor within 30 days of delivery by the Payor to the Required Party of an invoice for the amount due, accompanied by
evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particulars relating thereto. The reimbursement shall include interest on the Tax payment computed at the Prime Rate based on the number of days
from the date of the payment to the Tax Authority to the date of reimbursement under this Section 5.04. 
 (b) All
indemnification payments under this Agreement shall be made by NTELOS directly to Wireline and by Wireline directly to NTELOS; provided, however, that if the Companies mutually agree with respect to any such indemnification payment, any member of
the NTELOS Group, on the one hand, may make such indemnification payment to any member of the Wireline Group, on the other hand, and vice versa. 
 Section 6. Tax Benefits. 
 Section 6.01 Tax Benefits.

 (a) Except as set forth below, NTELOS shall be entitled to any refund (and any interest thereon received from the
applicable Tax Authority) of Income Taxes and Other Taxes 

  
 17 

 
for which NTELOS is liable hereunder, Wireline shall be entitled to any refund (and any interest thereon received from the applicable Tax Authority) of Income Taxes and Other Taxes for which
Wireline is liable hereunder and a Company receiving a refund to which another Company is entitled hereunder shall pay over such refund to such other Company within 30 days after such refund is received (together with interest computed at the Prime
Rate based on the number of days from the date the refund was received to the date the refund was paid over). 
 (b) If a
member of the Wireline Group actually realizes in cash any Tax Benefit as a result of an adjustment (other than an adjustment set forth in Schedule 6.01(b), as) pursuant to a Final Determination to any Taxes for which a member of the NTELOS Group is
liable hereunder (or any Tax Attribute of a member of the NTELOS Group) and such Tax Benefit would not have arisen but for such adjustment (determined on a “with and without” basis), or if a member of the NTELOS Group actually realizes in
cash any Tax Benefit as a result of an adjustment (other than an adjustment set forth in Schedule 6.01(b) ) pursuant to a Final Determination to any Taxes for which a member of the Wireline Group is liable hereunder (or any Tax Attribute of a member
of the Wireline Group) and such Tax Benefit would not have arisen but for such adjustment (determined on a “with and without” basis), Wireline or NTELOS, as the case may be, shall make a payment to either NTELOS or Wireline, as
appropriate, within 30 days following such actual realization of the Tax Benefit, in an amount equal to such Tax Benefit actually realized in cash (including any Tax Benefit actually realized as a result of the payment), plus interest on such amount
computed at the Prime Rate based on the number of days from the date of such actual realization of the Tax Benefit to the date of payment of such amount under this Section 6.01(b). 

(c) No later than 30 days after a Tax Benefit described in Section 6.01(b) is actually realized in cash by a member of the
NTELOS Group or a member of the Wireline Group, NTELOS (if a member of the NTELOS Group actually realizes such Tax Benefit) or Wireline (if a member of the Wireline Group actually realizes such Tax Benefit) shall provide the other Company with a
written calculation of the amount payable to such other Company by NTELOS or Wireline pursuant to this Section 6. In the event that NTELOS or Wireline disagrees with any such calculation described in this Section 6.01(c), NTELOS or
Wireline shall so notify the other Company in writing within 30 days of receiving the written calculation set forth above in this Section 6.01(c). NTELOS and Wireline shall endeavor in good faith to resolve such disagreement, and, failing that,
the amount payable under this Section 6 shall be determined in accordance with the disagreement resolution provisions of Section 14 as promptly as practicable. 
 (d) Wireline shall be entitled to any refund that is attributable to, and would not have arisen but for, a Wireline Carryback pursuant to the proviso set forth in Section 4.07. Any such
payment of such refund made by NTELOS to Wireline pursuant to this Section 6.01(d) shall be recalculated in light of any Final Determination (or any other facts that may arise or come to light after such payment is made, such as a carryback of
a NTELOS Group Tax Attribute to a Tax Period in respect of which such refund is received) that would affect the amount to which Wireline is entitled, and an appropriate adjusting payment shall be made by Wireline to NTELOS such that the aggregate
amounts paid pursuant to this Section 6.01(d) equals such recalculated amount (with interest computed at the Prime Rate). 

  
 18 

 Section 6.02 NTELOS and Wireline Income Tax Deductions in Respect of Certain Equity
Awards and Incentive Compensation. Solely the member of the Group for which the relevant individual is currently employed or, if such individual is not currently employed by a member of the Group, was most recently employed at the time of the
vesting, exercise, disqualifying disposition, payment or other relevant taxable event, as appropriate, in respect of the equity awards and other incentive compensation described in of the Employee Matters Agreement shall be entitled to claim any
Income Tax deduction in respect of such equity awards and other incentive compensation on its respective Tax Return associated with such event. 
 Section 7. Tax-Free Status. 
 Section 7.01 Tax
Opinions/Rulings and Representation Letters. Each of Wireline and NTELOS hereby represents and acknowledges that, as of the date hereof, (A)(i) it has read the Representation Letters prior to the date submitted and (ii) subject to any
qualifications therein, all information contained in such Representation Letters that concerns or relates to such Company or any member of its Group are true, correct and complete, and (B) that it and each of its Affiliates has not taken or
failed to take any action which prevents or could reasonably be expected to prevent (i) the Tax-Free Status, or (ii) any transaction contemplated by the Separation and Distribution Agreement which is intended by the parties to be tax-free
from so qualifying 
 Section 7.02 Restrictions on Wireline. 

(a) Wireline agrees that it will not take or fail to take, or permit any Wireline Affiliate to take or fail to take, any action
where such action or failure to act would be inconsistent with or cause to be untrue any material, information, covenant or representation in any Representation Letters or Tax Opinions/Rulings. Wireline agrees that it will not take or fail to take,
or permit any Wireline Affiliate to take or fail to take, any action which prevents or could reasonably be expected to prevent (A) the Tax-Free Status, or (B) any transaction contemplated by the Separation and Distribution Agreement which
is intended by the parties to be tax-free (including, but not limited to, those transactions listed on Schedule 7.02(a)) from so qualifying, including issuing any Wireline Capital Stock that would prevent the Distribution from qualifying as a
tax-free distribution within the meaning of Section 355 of the Code. 
 (b) Wireline agrees that, from the date
hereof until the first day after the two-year anniversary of the Distribution Date, it will (i) maintain its status as a company engaged in the Active Trade or Business for purposes of Section 355(b)(2) of the Code and (ii) not engage
in any transaction that would result in it ceasing to be a company engaged in the Active Trade or Business for purposes of Section 355(b)(2) of the Code, in each case, taking into account Section 355(b)(3) of the Code. 

(c) Wireline agrees that, from the date hereof until the first day after the two-year anniversary of the Distribution Date, it
will not (i) enter into any Proposed Acquisition Transaction or, to the extent Wireline has the right to prohibit any Proposed Acquisition Transaction, permit any Proposed Acquisition Transaction to occur (whether by (a) redeeming rights
under a shareholder rights plan, (b) finding a tender offer to be a “permitted offer” under any such plan or otherwise causing any such plan to be inapplicable or neutralized with respect

  
 19 

 
to any Proposed Acquisition Transaction, or (c) approving any Proposed Acquisition Transaction, whether for purposes of Section 203 of the DGCL or any similar corporate statute, any
“fair price” or other provision of Wireline’s charter or bylaws or otherwise), (ii) merge or consolidate with any other Person or liquidate or partially liquidate, (iii) in a single transaction or series of transactions sell
or transfer (other than sales or transfers of inventory in the ordinary course of business) all or substantially all of the assets that were transferred to Wireline pursuant to the Contribution or sell or transfer 60% or more of the gross assets of
the Active Trade or Business or 60% or more of the consolidated gross assets of Wireline and its Affiliates (such percentages to be measured based on fair market value as of the Distribution Date), (iv) redeem or otherwise repurchase (directly
or through a Wireline Affiliate) any Wireline stock, or rights to acquire stock, except to the extent such repurchases satisfy Section 4.05(1)(b) of Revenue Procedure 96-30 (as in effect prior to the amendment of such Revenue Procedure by
Revenue Procedure 2003-48), (v) amend its certificate of incorporation (or other organizational documents), or take any other action, whether through a stockholder vote or otherwise, affecting the voting rights of Wireline Capital Stock
(including, without limitation, through the conversion of one class of Wireline Capital Stock into another class of Wireline Capital Stock) or (vi) take any other action or actions (including any action or transaction that would be reasonably
likely to be inconsistent with any representation made in the Representation Letters or the Tax Opinions/Rulings) which in the aggregate (and taking into account any other transactions described in this subparagraph (d)) would be reasonably likely
to have the effect of causing or permitting one or more persons (whether or not acting in concert) to acquire directly or indirectly stock representing a Fifty-Percent or Greater Interest in Wireline or otherwise jeopardize the Tax-Free Status,
unless prior to taking any such action set forth in the foregoing clauses (i) through (vi), (A) Wireline shall have requested that NTELOS obtain a Ruling in accordance with Section 7.04(b) and (d) of this Agreement to the effect
that such transaction will not affect the Tax-Free Status and NTELOS shall have received such a Ruling in form and substance satisfactory to NTELOS in its sole and absolute discretion, which discretion shall be exercised in good faith solely to
preserve the Tax-Free Status (and in determining whether a Ruling is satisfactory, NTELOS may consider, among other factors, the appropriateness of any underlying assumptions and management’s representations made in connection with such
Ruling), or (B) Wireline shall provide NTELOS with an Unqualified Tax Opinion in form and substance satisfactory to NTELOS in its sole and absolute discretion, which discretion shall be exercised in good faith solely to preserve the Tax-Free
Status (and in determining whether an opinion is satisfactory, NTELOS may consider, among other factors, the appropriateness of any underlying assumptions and management’s representations if used as a basis for the opinion and NTELOS may
determine that no opinion would be acceptable to NTELOS) or (C) NTELOS shall have waived the requirement to obtain such Ruling or Unqualified Tax Opinion. 
 (d) Certain Issuances of Wireline Capital Stock. If Wireline proposes to enter into any Section 7.02(d) Acquisition Transaction or, to the extent Wireline has the right to prohibit any
Section 7.02(d) Acquisition Transaction, proposes to permit any Section 7.02(d) Acquisition Transaction to occur, in each case, during the period from the date hereof until the first day after the two-year anniversary of the Distribution
Date, Wireline shall provide NTELOS, no later than ten days following the signing of any written agreement with respect to the Section 7.02(d) Acquisition Transaction, with a written description of such transaction (including the type and
amount of Wireline Capital Stock to be issued in such transaction) and a certificate of the Board of Directors of Wireline to the effect that the Section 7.02(d) Acquisition Transaction is not a

  
 20 

 
Proposed Acquisition Transaction or any other transaction to which the requirements of Section 7.02(c) apply (a “Board Certificate”). 

(e) Wireline Internal Restructuring. Wireline shall provide written notice to NTELOS describing any internal restructuring
(including by making or revoking any election under Treasury Regulation Section 301.7701-3) involving Wireline and/or any of its subsidiaries or any contribution, sale or other transfer of any of the assets directly or indirectly contributed to
Wireline as part of the Contribution or any of its subsidiaries (any such action, an “Internal Restructuring”) proposed to be taken during or with respect to any Tax Period (or portion thereof) beginning after the Distribution Date
and ending on or prior to the two-year anniversary of the Distribution Date and shall consult with NTELOS regarding any such proposed Internal Restructuring reasonably in advance of taking any such proposed Internal Restructuring and shall consider
in good faith any comments from NTELOS relating thereto. 
 Section 7.03 Restrictions on NTELOS. NTELOS agrees that
it will not take or fail to take, or permit any member of the NTELOS Group to take or fail to take, any action where such action or failure to act would be inconsistent with or cause to be untrue any material, information, covenant or representation
in any Representation Letters or Tax Opinions/Rulings. NTELOS agrees that it will not take or fail to take, or permit any member of the NTELOS Group to take or fail to take, any action which prevents or could reasonably be expected to prevent
(A) the Tax-Free Status, or (B) any other transaction contemplated by the Separation and Distribution Agreement which is intended by the parties to be tax-free from so qualifying; provided, however, that this Section 7.03 shall not be
construed as obligating NTELOS to consummate the Distribution without the satisfaction or waiver of all conditions set forth in Section 3.04 of the Separation and Distribution Agreement nor shall it be construed as preventing NTELOS from
terminating the Separation and Distribution Agreement pursuant to Section 8.07 thereof. 
 Section 7.04 Procedures
Regarding Opinions and Rulings. 
 (a) If Wireline notifies NTELOS that it desires to take one of the actions
described in clauses (i) through (vi) of Section 7.02(c) (a “Notified Action”), NTELOS and Wireline shall reasonably cooperate to attempt to obtain the Ruling or Unqualified Tax Opinion referred to in
Section 7.02(c), unless NTELOS shall have waived the requirement to obtain such Ruling or Unqualified Tax Opinion. 

(b) Rulings or Unqualified Tax Opinions at Wireline’s Request. NTELOS agrees that at the reasonable request of Wireline
pursuant to Section 7.02(c), NTELOS shall cooperate with Wireline and use its reasonable best efforts to seek to obtain, as expeditiously as possible, a Ruling from the IRS or an Unqualified Tax Opinion for the purpose of permitting Wireline to
take the Notified Action. Further, in no event shall NTELOS be required to file any Ruling Request under this Section 7.04(b) unless Wireline represents that (A) it has read the Ruling Request, and (B) all information and
representations, if any, relating to any member of the Wireline Group, contained in the Ruling Request documents are (subject to any qualifications therein) true, correct and complete. Wireline shall reimburse NTELOS for all reasonable costs and
expenses incurred by the NTELOS Group in obtaining a Ruling or Unqualified Tax Opinion 

  
 21 

 
requested by Wireline within ten Business Days after receiving an invoice from NTELOS therefor. 
 (c) Rulings or Unqualified Tax Opinions at NTELOS’ Request. NTELOS shall have the right to obtain a Ruling or an Unqualified Tax Opinion at any time in its sole and absolute discretion. If
NTELOS determines to obtain a Ruling or an Unqualified Tax Opinion, Wireline shall (and shall cause each Affiliate of Wireline to) cooperate with NTELOS and take any and all actions reasonably requested by NTELOS in connection with obtaining the
Ruling or Unqualified Tax Opinion (including, without limitation, by making any representation or covenant or providing any materials or information requested by the IRS or Tax Advisor; provided that Wireline shall not be required to make (or cause
any Affiliate of Wireline to make) any representation or covenant that is inconsistent with historical facts or as to future matters or events over which it has no control). NTELOS and Wireline shall each bear its own costs and expenses in obtaining
a Ruling or an Unqualified Tax Opinion requested by NTELOS. 
 (d) Wireline hereby agrees that NTELOS shall have sole and
exclusive control over the process of obtaining any Ruling, and that only NTELOS shall apply for a Ruling. In connection with obtaining a Ruling pursuant to Section 7.04(b), (A) NTELOS shall keep Wireline informed in a timely manner of all
material actions taken or proposed to be taken by NTELOS in connection therewith; (B) NTELOS shall (1) reasonably in advance of the submission of any Ruling Request documents provide Wireline with a draft copy thereof, (2) reasonably
consider Wireline’s comments on such draft copy, and (3) provide Wireline with a final copy; and (C) NTELOS shall provide Wireline with notice reasonably in advance of, and Wireline shall have the right to attend, any formally
scheduled meetings with the IRS (subject to the approval of the IRS) that relate to such Ruling. Neither Wireline nor any Wireline Affiliate directly or indirectly controlled by Wireline shall seek any guidance from the IRS or any other Tax
Authority (whether written, verbal or otherwise) at any time concerning the Contribution or the Distribution (including the impact of any transaction on the Contribution or the Distribution) or any transaction listed on Section 7.02(a).

 Section 7.05 Liability for Tax-Related Losses. 

(a) Notwithstanding anything in this Agreement or the Separation and Distribution Agreement to the contrary, subject to
Section 7.05(c), Wireline shall be responsible for, and shall indemnify and hold harmless NTELOS and its Affiliates and each of their respective officers, directors and employees from and against, one hundred percent (100%) of any Tax-
Related Losses that are attributable to or result from any one or more of the following: (A) the acquisition (other than pursuant to the Contribution or the Distribution) of all or a portion of Wireline’s stock and/or its or its
subsidiaries’ assets by any means whatsoever by any Person, (B) any negotiations, understandings, agreements or arrangements by Wireline with respect to transactions or events (including, without limitation, stock issuances, pursuant to
the exercise of stock options or otherwise, option grants, capital contributions or acquisitions, or a series of such transactions or events) that cause the Distribution to be treated as part of a plan pursuant to which one or more Persons acquire
directly or indirectly stock of Wireline representing a Fifty-Percent or Greater Interest therein, (C) any action or failure to act by Wireline after the Distribution (including, without limitation, any amendment to Wireline certificate of
incorporation (or other organizational documents), whether through a stockholder vote or 

  
 22 

 
otherwise) affecting the voting rights of Wireline stock (including, without limitation, through the conversion of one class of Wireline Capital Stock into another class of Wireline Capital
Stock), (D) any act or failure to act by Wireline or any Wireline Affiliate described in Section 7.02 (regardless whether such act or failure to act is covered by a Ruling, Unqualified Tax Opinion or waiver described in clause (A),
(B) or (C) of Section 7.02(c), a Board Certificate described in Section 7.02(d) or a consent described in Section 7.02(e) or (E) any breach by Wireline of its agreement and representation set forth in Section 7.01.

 (b) Notwithstanding anything in this Agreement or the Separation and Distribution Agreement to the contrary, subject
to Section 7.05(c), NTELOS shall be responsible for, and shall indemnify and hold harmless Wireline and its Affiliates and each of their respective officers, directors and employees from and against, one hundred percent (100%) of any
Tax-Related Losses that are attributable to, or result from any one or more of the following: (A) the acquisition (other than pursuant to the Contribution or the Distribution) of all or a portion of NTELOS’ stock and/or its assets by any
means whatsoever by any Person, (B) any negotiations, understandings, agreements or arrangements by NTELOS with respect to transactions or events (including, without limitation, stock issuances, pursuant to the exercise of stock options or
otherwise, option grants, capital contributions or acquisitions, or a series of such transactions or events) that cause the Distribution to be treated as part of a plan pursuant to which one or more Persons acquire directly or indirectly stock of
NTELOS representing a Fifty-Percent or Greater Interest therein, (C) any act or failure to act by NTELOS or a member of the NTELOS Group described in Section 7.03 or (D) any breach by NTELOS of its agreement and representation set
forth in Section 7.01. 
 (c) 

(i) To the extent that any Tax-Related Loss is subject to indemnity under both Section 7.05(a) and (b),
responsibility for such Tax-Related Loss shall be shared by NTELOS and Wireline according to relative fault. 

(ii) Notwithstanding anything in Section 7.05(b) or (c)(i) or any other provision of this Agreement or the Separation
and Distribution Agreement to the contrary: 
 (A) with respect to (I) any Tax-Related Loss resulting from
Section 355(e) of the Code (other than as a result of an acquisition of a Fifty-Percent or Greater Interest in NTELOS) and (II) any other Tax-Related Loss resulting (for the absence of doubt, in whole or in part) from an acquisition after the
Distribution of any stock or assets of Wireline (or any Wireline Affiliate) by any means whatsoever by any Person or any action or failure to act by Wireline affecting the voting rights of Wireline stock, Wireline shall be responsible for, and shall
indemnify and hold harmless NTELOS and its Affiliates and each of their respective officers, directors and employees from and against, one hundred percent (100%) of such Tax-Related Loss; and 

(B) for purposes of calculating the amount and timing of any Tax-Related Loss for which Wireline is responsible under this
Section 7.05, Tax-

  
 23 

 
Related Losses shall be calculated by assuming that NTELOS, the NTELOS Affiliated Group and each member of the NTELOS Group (I) pay Tax at the highest marginal corporate Tax rates in effect
in each relevant taxable year and (II) have no Tax Attributes in any relevant taxable year. 
 (iii)
Notwithstanding anything in Section 7.05(a) or (c)(i) or any other provision of this Agreement or the Separation and Distribution Agreement to the contrary, with respect to (I) any Tax-Related Loss resulting from Section 355(e) of the
Code (other than as a result of an acquisition of a Fifty-Percent or Greater Interest in Wireline) and (II) any other Tax-Related Loss resulting (for the absence of doubt, in whole or in part) from an acquisition after the Distribution of any stock
or assets of NTELOS (or any NTELOS Affiliate) by any means whatsoever by any Person, NTELOS shall be responsible for, and shall indemnify and hold harmless Wireline and its Affiliates and each of their respective officers, directors and employees
from and against, one hundred percent (100%) of such Tax-Related Loss. For purposes of calculating the amount and timing of any Tax-Related Loss for which NTELOS is responsible under this Section 7.05(c)(iii), Tax-Related Losses shall be
calculated by assuming that Wireline and each member of the Wireline Group (I) pay Tax at the highest marginal corporate Tax rates in effect in each relevant taxable year and (II) have no Tax Attributes in any relevant taxable year. 

(d) Wireline shall pay NTELOS the amount of any Tax-Related Losses for which Wireline is responsible under this Section 7.05:
(A) in the case of Tax-Related Losses described in clause (i) of the definition of Tax-Related Losses no later than two Business Days prior to the date NTELOS files, or causes to be filed, the applicable Tax Return for the year of the
Contribution or Distribution, as applicable (the “Filing Date”) (provided that if such Tax-Related Losses arise pursuant to a Final Determination described in clause (a), (b) or (c) of the definition of “Final
Determination,” then Wireline shall pay NTELOS no later than two Business Days after the date of such Final Determination with interest calculated at the Prime Rate plus two percent, compounded semiannually, from the date that is two Business
Days prior to the Filing Date through the date of such Final Determination) and (B) in the case of Tax-Related Losses described in clause (ii) or (iii) of the definition of Tax-Related Losses, no later than two Business Days after the
date NTELOS pays such Tax-Related Losses. NTELOS shall pay Wireline the amount of any Tax-Related Losses (described in clause (ii) or (iii) of the definition of Tax- Related Loss) for which NTELOS is responsible under this
Section 7.05 no later than two Business Days after the date Wireline pays such Tax-Related Losses. 
 Section 8.
Assistance and Cooperation. 
 Section 8.01 Assistance and Cooperation. 

(a) The Companies shall cooperate (and cause their respective Affiliates to cooperate) with each other and with each other’s
agents, including accounting firms and legal counsel, in connection with Tax matters relating to the Companies and their Affiliates including (i) preparation and filing of Tax Returns, (ii) determining the liability for and amount of any
Taxes due (including estimated Taxes) or the right to and amount of any refund of Taxes, (iii) examinations of Tax Returns, and (iv) any administrative or judicial proceeding in respect of

  
 24 

 
Taxes assessed or proposed to be assessed. Such cooperation shall include making all information and documents in their possession relating to the other Company and its Affiliates available to
such other Company as provided in Section 9. Subject to the terms and conditions provided in the Transition Services Agreement, each of the Companies shall also make available to the other, as reasonably requested and available, personnel
(including officers, directors, employees and agents of the Companies or their respective Affiliates) responsible for preparing, maintaining, and interpreting information and documents relevant to Taxes, and personnel reasonably required as
witnesses or for purposes of providing information or documents in connection with any administrative or judicial proceedings relating to Taxes. In the event that a member of the NTELOS Group, on the one hand, or a member of the Wireline Group, on
the other hand, suffers a Tax detriment as a result of a Transfer Pricing Adjustment, the Companies shall cooperate pursuant to this Section 8 to seek any competent authority relief that may be available with respect to such Transfer Pricing
Adjustment. 
 (b) Any information or documents provided under this Section 8 shall be kept confidential by the
Company receiving the information or documents, except as may otherwise be necessary in connection with the filing of Tax Returns or in connection with any administrative or judicial proceedings relating to Taxes. Notwithstanding any other provision
of this Agreement or any other agreement, (i) neither NTELOS nor any NTELOS Affiliate shall be required to provide Wireline or any Wireline Affiliate or any other Person access to or copies of any information or procedures (including the
proceedings of any Tax Contest) other than information or procedures that relate solely to Wireline, the business or assets of Wireline or any Wireline Affiliate and (ii) in no event shall NTELOS or any NTELOS Affiliate be required to provide
Wireline, any Wireline Affiliate or any other Person access to or copies of any information if such action could reasonably be expected to result in the waiver of any Privilege. In addition, in the event that NTELOS determines that the provision of
any information to Wireline or any Wireline Affiliate could be commercially detrimental, violate any law or agreement or waive any Privilege, the parties shall use reasonable best efforts to permit compliance with its obligations under this
Section 8 in a manner that avoids any such harm or consequence. Notwithstanding any other provision of this Agreement or any other agreement, in no event shall Wireline or any Wireline Affiliate be required to provide NTELOS, any NTELOS
Affiliate or any other Person access to or copies of any information if such action could reasonably be expected to result in the waiver of any Privilege. In addition, in the event that Wireline determines that the provision of any information to
NTELOS or any NTELOS Affiliate could be commercially detrimental, violate any law or agreement or waive any Privilege, the parties shall use reasonable best efforts to permit compliance with its obligations under this Section 8 in a manner that
avoids any such consequence. 
 Section 8.02 Income Tax Return Information. Wireline and NTELOS acknowledge that
time is of the essence in relation to any request for information, assistance or cooperation made by NTELOS or Wireline pursuant to Section 8.01 or this Section 8.02. Wireline and NTELOS acknowledge that failure to conform to the deadlines
set forth herein or reasonable deadlines otherwise set by NTELOS or Wireline could cause irreparable harm. 
 Each Company shall provide to the
other Company information and documents relating to its Group required by the other Company to prepare Tax Returns. Any information or documents the Responsible Company requires to prepare such Tax Returns shall be provided in such form

  
 25 

 
as the Responsible Company reasonably requests and in sufficient time for the Responsible Company to file such Tax Returns on a timely basis. 

Section 8.03 Reliance by NTELOS. If any member of the Wireline Group supplies information to a member of the NTELOS Group in
connection with a Tax liability and an officer of a member of the NTELOS Group signs a statement or other document under penalties of perjury in reliance upon the accuracy of such information, then upon the written request of such member of the
NTELOS Group identifying the information being so relied upon, the chief financial officer of Wireline (or any officer of Wireline as designated by the chief financial officer of Wireline) shall certify in writing that to his or her knowledge (based
upon consultation with appropriate employees) the information so supplied is accurate and complete. Wireline agrees to indemnify and hold harmless each member of the NTELOS Group and its directors, officers and employees from and against any fine,
penalty, or other cost or expense of any kind attributable to a member of the Wireline Group having supplied, pursuant to this Section 8, a member of the NTELOS Group with inaccurate or incomplete information in connection with a Tax liability.

 Section 8.04 Reliance by Wireline. If any member of the NTELOS Group supplies information to a member of the
Wireline Group in connection with a Tax liability and an officer of a member of the Wireline Group signs a statement or other document under penalties of perjury in reliance upon the accuracy of such information, then upon the written request of
such member of the Wireline Group identifying the information being so relied upon, the chief financial officer of NTELOS (or any officer of NTELOS as designated by the chief financial officer of NTELOS) shall certify in writing that to his or her
knowledge (based upon consultation with appropriate employees) the information so supplied is accurate and complete. NTELOS agrees to indemnify and hold harmless each member of the Wireline Group and its directors, officers and employees from and
against any fine, penalty, or other cost or expense of any kind attributable to a member of the NTELOS Group having supplied, pursuant to this Section 8, a member of the Wireline Group with inaccurate or incomplete information in connection
with a Tax liability. 
 Section 9. Tax Records. 

Section 9.01 Retention of Tax Records. Each Company shall preserve and keep all Tax Records exclusively relating to the
assets and activities of its Group for Pre-Deconsolidation Periods, and NTELOS shall preserve and keep all other Tax Records relating to Taxes of the Groups for Pre-Deconsolidation Tax Periods, for so long as the contents thereof may become material
in the administration of any matter under the Code or other applicable Tax Law, but in any event until the later of (i) the expiration of any applicable statutes of limitations, or (ii) seven years after the Deconsolidation Date (such
later date, the “Retention Date”). After the Retention Date, each Company may dispose of such Tax Records upon 90 days’ prior written notice to the other Company. If, prior to the Retention Date, (a) a Company reasonably
determines that any Tax Records which it would otherwise be required to preserve and keep under this Section 9 are no longer material in the administration of any matter under the Code or other applicable Tax Law and the other Company agrees,
then such first Company may dispose of such Tax Records upon 90 days’ prior notice to the other Company. Any notice of an intent to dispose given pursuant to this Section 9.01 shall include a list of the Tax Records to be disposed of
describing 

  
 26 

 
in reasonable detail each file, book, or other record accumulation being disposed. The notified Company shall have the opportunity, at its cost and expense, to copy or remove, within such 90-day
period, all or any part of such Tax Records. If, at any time prior to the Retention Date, Wireline determine to decommission or otherwise discontinue any computer program or information technology system used to access or store any Tax Records, then
Wireline may decomission or discontinue such program or system upon 90 days’ prior notice to NTELOS and NTELOS shall have the opportunity, at its cost and expense, to copy, within such 90-day period, all or any part of the underlying data
relating to the Tax Records accessed by or stored on such program or system. 
 Section 9.02 Access to Tax Records.
The Companies and their respective Affiliates shall make available to each other for inspection and copying during normal business hours upon reasonable notice all Tax Records (and, for the avoidance of doubt, any pertinent underlying data accessed
or stored on any computer program or information technology system) in their possession and shall permit the other Company and its Affiliates, authorized agents and representatives and any representative of a Taxing Authority or other Tax auditor
direct access during normal business hours upon reasonable notice to any computer program or information technology system used to access or store any Tax Records, in each case to the extent reasonably required by the other Company in connection
with the preparation of Tax Returns or financial accounting statements, audits, litigation, or the resolution of items under this Agreement. 
 Section 10. Tax Contests. 
 Section 10.01 Notice. Each of
the Companies shall provide prompt notice to the other Company of any written communication from a Tax Authority regarding any pending or threatened Tax audit, assessment or proceeding or other Tax Contest of which it becomes aware related to Taxes
for Tax Periods for which it is indemnified by the other Company hereunder. Such notice shall attach copies of the pertinent portion of any written communication from a Tax Authority and contain factual information (to the extent known) describing
any asserted Tax liability in reasonable detail and shall be accompanied by copies of any notice and other documents received from any Tax Authority in respect of any such matters. If an indemnified party has knowledge of an asserted Tax liability
with respect to a matter for which it is to be indemnified hereunder and such party fails to give the indemnifying party prompt notice of such asserted Tax liability and the indemnifying party is entitled under this Agreement to contest the asserted
Tax liability, then (i) if the indemnifying party is precluded from contesting the asserted Tax liability in any forum as a result of the failure to give prompt notice, the indemnifying party shall have no obligation to indemnify the
indemnified party for any Taxes arising out of such asserted Tax liability, and (ii) if the indemnifying party is not precluded from contesting the asserted Tax liability in any forum, but such failure to give prompt notice results in a
material monetary detriment to the indemnifying party, then any amount which the indemnifying party is otherwise required to pay the indemnified party pursuant to this Agreement shall be reduced by the amount of such detriment. 

Section 10.02 Control of Tax Contests. 
 (a) Separate Company Taxes. In the case of any Tax Contest with respect to any Separate Return (other than a Separate Return of Other Taxes described in clause (II) of Section

  
 27 

 
5.02), the Company having liability for the Tax shall have exclusive control over the Tax Contest, including exclusive authority with respect to any settlement of such Tax liability, subject to
Section 10.02 (e) and (f) below. 
 (b) NTELOS Federal Consolidated Income Tax Return. In the case of any Tax
Contest with respect to any NTELOS Federal Consolidated Income Tax Return, NTELOS shall have exclusive control over the Tax Contest, including exclusive authority with respect to any settlement of such Tax liability, subject to Section 10.02(e)
and (f) below. 
 (c) NTELOS State Combined Income Tax Return. In the case of any Tax Contest with respect to any
NTELOS State Combined Income Tax Return, NTELOS shall have exclusive control over the Tax Contest, including exclusive authority with respect to any settlement of such Tax liability, subject to Section 10.02(e) and (f) below. 

(d) Joint Returns and Certain Other Returns. In the case of any Tax Contest with respect to (I) any Joint Return (other than
any NTELOS Federal Consolidated Income Tax Return or any NTELOS State Combined Income Tax Return) or (II) any Return of Other Taxes described in clause (II) of Section 5.02, (i) NTELOS shall control the defense or prosecution of the
portion of the Tax Contest directly and exclusively related to any NTELOS Adjustment, including settlement of any such NTELOS Adjustment and (ii) Wireline shall control the defense or prosecution of the portion of the Tax Contest directly and
exclusively related to any Wireline Adjustment, including settlement of any such Wireline Adjustment, and (iii) the Tax Contest Committee shall control the defense or prosecution of Joint Adjustments and any and all administrative matters not
directly and exclusively related to any NTELOS Adjustment or Wireline Adjustment. The “Tax Contest Committee” shall be comprised of two persons, one person selected by NTELOS (as designated in writing to Wireline) and one person
selected by Wireline (as designated in writing to NTELOS). Each person serving on the Tax Contest Committee shall continue to serve unless and until he or she is replaced by the party designating such person. Any and all matters to be decided by the
Tax Contest Committee shall require the unanimous approval of both persons serving on the committee. In the event the Tax Contest Committee shall be deadlocked on any matter, the provisions of Section 14 of this Agreement shall apply.

 (e) Settlement Rights. The Controlling Party shall have the sole right to contest, litigate, compromise and settle any
Tax Contest without obtaining the prior consent of the Non-Controlling Party. Unless waived by the parties in writing, in connection with any potential adjustment in a Tax Contest as a result of which adjustment the Non-Controlling Party may
reasonably be expected to become liable to make any indemnification payment (or any payment under Section 6) to the Controlling Party under this Agreement: (i) the Controlling Party shall keep the Non-Controlling Party informed in a timely
manner of all actions taken or proposed to be taken by the Controlling Party with respect to such potential adjustment in such Tax Contest; (ii) the Controlling Party shall provide the Non-Controlling Party copies of any written materials
relating to such potential adjustment in such Tax Contest received from any Tax Authority; (iii) the Controlling Party shall timely provide the Non-Controlling Party with copies of any correspondence or filings submitted to any Tax Authority or
judicial authority in connection with such potential adjustment in such Tax Contest; (iv) the Controlling Party shall consult with the Non-Controlling Party and offer the Non-Controlling Party a reasonable opportunity to comment

  
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before submitting any written materials prepared or furnished in connection with such potential adjustment in such Tax Contest; and (v) the Controlling Party shall defend such Tax Contest
diligently and in good faith. The failure of the Controlling Party to take any action specified in the preceding sentence with respect to the Non-Controlling Party shall not relieve the Non-Controlling Party of any liability and/or obligation which
it may have to the Controlling Party under this Agreement except to the extent that the Non-Controlling Party was actually harmed by such failure, and in no event shall such failure relieve the Non-Controlling Party from any other liability or
obligation which it may have to the Controlling Party. In the case of any Tax Contest described in Section 10.02(a), (b) or (c), “Controlling Party” means the Company entitled to control the Tax Contest under such Section
and “Non-Controlling Party” means the other Company. 
 (f) Tax Contest Participation. Unless waived by
the parties in writing, the Controlling Party shall provide the Non-Controlling Party with written notice reasonably in advance of, and the Non-Controlling Party shall have the right to attend, any formally scheduled meetings with Tax Authorities or
hearings or proceedings before any judicial authorities in connection with any potential adjustment in a Tax Contest pursuant to which the Non-Controlling Party may reasonably be expected to become liable to make any indemnification payment (or any
payment under Section 6) to the Controlling Party under this Agreement. The failure of the Controlling Party to provide any notice specified in this Section 10.02(g) to the Non-Controlling Party shall not relieve the Non-Controlling Party
of any liability and/or obligation which it may have to the Controlling Party under this Agreement except to the extent that the Non-Controlling Party was actually harmed by such failure, and in no event shall such failure relieve the
Non-Controlling Party from any other liability or obligation which it may have to the Controlling Party. 
 (g) Power of
Attorney. Each member of the Wireline Group shall execute and deliver to NTELOS (or such member of the NTELOS Group as NTELOS shall designate) any power of attorney or other similar document reasonably requested by NTELOS (or such designee) in
connection with any Tax Contest (as to which NTELOS is the Controlling Party) described in this Section 10. Each member of the NTELOS Group shall execute and deliver to Wireline (or such member of the Wireline Group as Wireline shall designate)
any power of attorney or other similar document requested by Wireline (or such designee) in connection with any Tax Contest (as to which Wireline is the Controlling Party) described in this Section 10. 

Section 11. Effective Date; Termination of Prior Intercompany Tax Allocation Agreements. This Agreement shall be effective as
of the date hereof. As of the date hereof, (i) all prior intercompany Tax allocation agreements or arrangements shall be terminated, and (ii) amounts due under such agreements as of the date hereof shall be settled as of the date hereof.
Upon such termination and settlement, no further payments by or to NTELOS or by or to Wireline, with respect to such agreements shall be made, and all other rights and obligations resulting from such agreements between the Companies and their
Affiliates shall cease at such time. Any payments pursuant to such agreements shall be disregarded for purposes of computing amounts due under this Agreement; provided that to the extent appropriate, as determined by NTELOS, payments made pursuant
to such agreements shall be credited to Wireline or NTELOS, respectively, in computing their respective obligations pursuant to this Agreement, in 

  
 29 

 
the event that such payments relate to a Tax liability that is the subject matter of this Agreement for a Tax Period that is the subject matter of this Agreement. 

Section 12. Survival of Obligations. The representations, warranties, covenants and agreements set forth in this Agreement
shall be unconditional and absolute and shall remain in effect without limitation as to time. 
 Section 13. Treatment
of Payments; Tax Gross Up. 
 Section 13.01 Treatment of Tax Indemnity and Tax Benefit Payments. In the absence
of any change in Tax treatment under the Code or other applicable Tax Law, 
 (a) any Tax indemnity payments made by a
Company under Section 5 shall be reported for Tax purposes by the payor and the recipient as distributions or capital contributions, as appropriate, occurring immediately before the Deconsolidation (but only to the extent the payment does not
relate to a Tax allocated to the payor in accordance with Section 1552 of the Code or the regulations thereunder or Treasury Regulation Section 1.1502-33(d) (or under corresponding principles of other applicable Tax Laws)) or as payments
of an assumed or retained liability, and 
 (b) any Tax Benefit payments made by a Company under Section 6, shall be
reported for Tax purposes by the payor and the recipient as distributions or capital contributions, as appropriate, occurring immediately before the Deconsolidation (but only to the extent the payment does not relate to a Tax allocated to the payor
in accordance with Section 1552 of the Code or the regulations thereunder or Treasury Regulation Section 1.1502-33(d) (or under corresponding principles of other applicable Tax Laws)) or as payments of an assumed or retained liability.

 Section 13.02 Tax Gross Up. If notwithstanding the manner in which Tax indemnity payments and Tax Benefit
payments were reported, there is an adjustment to the Tax liability of a Company as a result of its receipt of a payment pursuant to this Agreement, such payment shall be appropriately adjusted so that the amount of such payment, reduced by the
amount of all Income Taxes payable with respect to the receipt thereof (but taking into account all correlative Tax Benefits resulting from the payment of such Income Taxes), shall equal the amount of the payment which the Company receiving such
payment would otherwise be entitled to receive pursuant to this Agreement. 
 Section 13.03 Interest Under This
Agreement. Anything herein to the contrary notwithstanding, to the extent one Company (“Indemnitor”) makes a payment of interest to another Company (“Indemnitee”) under this Agreement with respect to the period
from the date that the Indemnitee made a payment of Tax to a Tax Authority to the date that the Indemnitor reimbursed the Indemnitee for such Tax payment, the interest payment shall be treated as interest expense to the Indemnitor (deductible to the
extent provided by law) and as interest income by the Indemnitee (includible in income to the extent provided by law). The amount of the payment shall not be adjusted under Section 2.02 to take into account any associated Tax Benefit to the
Indemnitor or increase in Tax to the Indemnitee. 

  
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 Section 14. Disagreements. 

Section 14.01 Tax Disputes. The parties will endeavor, and will cause their respective Affiliates to endeavor, to resolve in
an amicable manner all disputes arising in connection with this Agreement. The parties shall negotiate in good faith to resolve any Tax Dispute for not less than 45 days. Upon written notice of either party after 45 days, the matter will be referred
to a Tax Advisor acceptable to both parties. The Tax Advisor may, in its discretion, obtain the services of any third-party necessary to assist it in resolving the dispute. The Tax Advisor shall furnish written notice to the Companies of its
resolution of the dispute as soon as practicable, but in any event no later than 45 days after its acceptance of the matter for resolution. Any such resolution by the Tax Advisor will be binding on the parties and the parties shall take, or cause to
be taken, any action necessary to implement the resolution. All fees and expenses of the Tax Advisor shall be shared equally by NTELOS, on the one hand, and Wireline, on the other hand. If, having determined that the dispute must be referred to a
Tax Advisor, after 45 days the parties are unable to find a Tax Advisor willing to adjudicate the dispute in question and whom the parties in good faith find acceptable, then the dispute will be submitted for arbitration to the American Arbitrators
Association, provided, however, that only an arbitrator that qualifies as a Tax Advisor shall be selected. 

Section 14.02 High-Level Disputes. Any High-Level Dispute shall be resolved pursuant to the arbitration procedures set forth
in Article 7 of the Separation and Distribution Agreement, provided, however, that only an arbitrator that qualifies as a Tax Advisor shall be selected to resolve a High-Level Dispute. 

Section 15. Late Payments. Any amount owed by one party to another party under this Agreement which is not paid when due
shall bear interest at the Prime Rate plus two percent, compounded semiannually, from the due date of the payment to the date paid. To the extent interest required to be paid under this Section 15 duplicates interest required to be paid under
any other provision of this Agreement, interest shall be computed at the higher of the interest rate provided under this Section 15 or the interest rate provided under such other provision. 

Section 16. Expenses. Except as otherwise provided in this Agreement, each party and its Affiliates shall bear their own
expenses incurred in connection with preparation of Tax Returns, Tax Contests, and other matters related to Taxes under the provisions of this Agreement. 
 Section 17. General Provisions. 
 Section 17.01 Addresses and
Notices. Each party giving any notice required or permitted under this Agreement will give the notice in writing and use one of the following methods of delivery to the party to be notified, at the address set forth below or another address of
which the sending party has been notified in accordance with this Section 17.01: (a) personal delivery; (b) facsimile or telecopy transmission with a reasonable method of confirming transmission; (c) commercial overnight courier
with a reasonable method of confirming delivery; or (d) pre-paid, United States of America certified or registered mail, return receipt requested. Notice to a party is effective for purposes of this Agreement only if given as provided in this

  
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Section 17.01 and shall be deemed given on the date that the intended addressee actually receives the notice. 
 If to NTELOS: 
 NTELOS Holding Corp. 

1154 Shenandoah Village Drive 
 P.O. Box 1990 
 Waynesboro, Virginia 22980 

Attn: Brian O’Neil, Senior Vice President, General Counsel and Secretary 

Facsimile: (540) 946-3599 
 If to Wireline: 
 Lumos Networks Corp. 

One Lumos Plaza 

P.O. Box 1068 

Waynesboro, Virginia 22980 
 Attn: Mary McDermott, Senior Vice President, Legal and Regulatory Affairs, and Secretary 
 Facsimile: (540) 946-3595 
 A party may change the address for receiving notices under this
Agreement by providing written notice of the change of address to the other parties. 
 Section 17.02 Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their successors and assigns. 
 Section 17.03 Waiver. The parties may waive a provision of this Agreement only by a writing signed by the party intended to be bound by the waiver. A party is not prevented from enforcing any
right, remedy or condition in the party’s favor because of any failure or delay in exercising any right or remedy or in requiring satisfaction of any condition, except to the extent that the party specifically waives the same in writing. A
written waiver given for one matter or occasion is effective only in that instance and only for the purpose stated. A waiver once given is not to be construed as a waiver for any other matter or occasion. Any enumeration of a party’s rights and
remedies in this Agreement is not intended to be exclusive, and a party’s rights and remedies are intended to be cumulative to the extent permitted by law and include any rights and remedies authorized in law or in equity. 

Section 17.04 Severability. If any provision of this Agreement is determined to be invalid, illegal or unenforceable, the
remaining provisions of this Agreement remain in full force, if the essential terms and conditions of this Agreement for each party remain valid, binding and enforceable. 
 Section 17.05 Authority. Each of the parties represents to the other that (a) it has the corporate or other requisite power and authority to execute, deliver and perform this Agreement,
(b) the execution, delivery and performance of this Agreement have been duly authorized by all necessary corporate or other action, (c) it has duly and validly executed and delivered this

  
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Agreement, and (d) this Agreement is a legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting creditors’ rights generally and general equity principles. 

Section 17.06 Further Action. The parties shall execute and deliver all documents, provide all information, and take or
refrain from taking action as may be necessary or appropriate to achieve the purposes of this Agreement, including the execution and delivery to the other parties and their Affiliates and representatives of such powers of attorney or other
authorizing documentation as is reasonably necessary or appropriate in connection with Tax Contests (or portions thereof) under the control of such other parties in accordance with Section 10. 

Section 17.07 Integration. This Agreement, together with each of the exhibits and schedules appended hereto, constitutes the
final agreement between the parties, and is the complete and exclusive statement of the parties’ agreement on the matters contained herein. All prior and contemporaneous negotiations and agreements between the parties with respect to the
matters contained herein are superseded by this Agreement, as applicable. In the event of any inconsistency between this Agreement and the Separation and Distribution Agreement, or any other agreements relating to the transactions contemplated by
the Separation and Distribution Agreement, with respect to matters addressed herein, the provisions of this Agreement shall control. 
 Section 17.08 Construction. The language in all parts of this Agreement shall in all cases be construed according to its fair meaning and shall not be strictly construed for or against any
party. The captions, titles and headings included in this Agreement are for convenience only, and do not affect this Agreement’s construction or interpretation. Unless otherwise indicated, all “Section” references in this Agreement
are to sections of this Agreement. 
 Section 17.09 No Double Recovery. No provision of this Agreement shall be
construed to provide an indemnity or other recovery for any costs, damages, or other amounts for which the damaged party has been fully compensated under any other provision of this Agreement or under any other agreement or action at law or equity.
Unless expressly required in this Agreement, a party shall not be required to exhaust all remedies available under other agreements or at law or equity before recovering under the remedies provided in this Agreement. 

Section 17.10 Counterparts. The parties may execute this Agreement in multiple counterparts, each of which constitutes an
original as against the party that signed it, and all of which together constitute one agreement. This Agreement is effective upon delivery of one executed counterpart from each party to the other party. The signatures of the parties need not appear
on the same counterpart. The delivery of signed counterparts by facsimile or email transmission that includes a copy of the sending party’s signature is as effective as signing and delivering the counterpart in person. 

Section 17.11 Governing Law. The internal laws of the State of Delaware (without reference to its principles of conflicts of
law) govern the construction, interpretation and other 

  
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matters arising out of or in connection with this Agreement and each of the exhibits and schedules hereto and thereto (whether arising in contract, tort, equity or otherwise). 

Section 17.12 Jurisdiction. If any dispute arises out of or in connection with this Agreement, except as expressly
contemplated by another provision of this Agreement, the parties irrevocably (and the parties will cause each other member of their respective Group to irrevocably) (a) consent and submit to the exclusive jurisdiction of federal and state
courts located in Delaware, (b) waive any objection to that choice of forum based on venue or to the effect that the forum is not convenient, and (c) WAIVE TO THE FULLEST EXTENT PERMI1TED BY LAW ANY RIGHT TO TRIAL OR ADJUDICATION BY JURY.

 Section 17.13 Amendment. Except as otherwise expressly provided herein with respect to the Schedules hereto, the
parties may amend this Agreement only by a written agreement signed by each party to be bound by the amendment and that identifies itself as an amendment to this Agreement. 
 Section 17.14 Wireline Subsidiaries. If, at any time, Wireline acquires or creates one or more subsidiaries that are includable in the Wireline Group, they shall be subject to this Agreement
and all references to the Wireline Group herein shall thereafter include a reference to such subsidiaries. 

Section 17.15 Successors. This Agreement shall be binding on and inure to the benefit of any successor by merger, acquisition
of assets, or otherwise, to any of the parties hereto (including but not limited to any successor of NTELOS or Wireline succeeding to the Tax attributes of either under Section 381 of the Code), to the same extent as if such successor had been
an original party to this Agreement. 
 Section 17.16 Injunctions. The parties acknowledge that irreparable damage
would occur in the event that any of the provisions of this Agreement were not performed in accordance with its specific terms or were otherwise breached. The parties hereto shall be entitled to an injunction or injunctions to prevent breaches of
the provisions of this Agreement and to enforce specifically the terms and provisions hereof in any court having jurisdiction, such remedy being in addition to any other remedy to which they may be entitled at law or in equity. 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, each party has caused this Agreement to be executed on its behalf by a
duly authorized officer on the date first set forth above. 
  

			
	NTELOS HOLDINGS CORP.
		
	By:	 	 /s/ James A. Hyde

		 	James A. Hyde
		 	Chief Executive Officer and President
	
	LUMOS NETWORKS CORP.
		
	By:	 	 /s/ Michael B. Moneymaker

		 	Michael B. Moneymaker
		 	President

  
 35

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