Document:

Exhibit

FORM OF NON-EMPLOYEE DIRECTOR  
RESTRICTED STOCK AWARD AGREEMENT 
FOR THE
CARNIVAL CORPORATION  
2011 STOCK PLAN 

THIS AGREEMENT (the “Agreement”) is made effective as of [DATE], (hereinafter the “Grant Date”) between Carnival Corporation, a corporation organized under the laws of the Republic of Panama (the “Company”), and [FIRST_NAME] [LAST_NAME] (the “Director”), pursuant to the Carnival Corporation 2011 Stock Plan (the “Plan”).
R E C I T A L S:
WHEREAS, the Company has adopted the Plan pursuant to which awards of restricted Shares may be granted; and 
WHEREAS, the Company desires to grant Director an award of restricted Shares pursuant to the terms of this Agreement and the Plan. 
NOW, THEREFORE, for and in consideration of the premises and the covenants of the parties contained in this Agreement, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto, for themselves, their successors and assigns, hereby agree as follows:
DIRECTOR WILL BE DEEMED TO HAVE ACCEPTED THE TERMS AND CONDITIONS OF THIS AGREEMENT IF DIRECTOR DOES NOT OBJECT IN WRITING WITHIN TEN (10) DAYS FOLLOWING DELIVERY OF THIS AGREEMENT.
1. Grant of Restricted Stock. 
Subject to the terms and conditions set forth in the Plan and in this Agreement, the Company hereby grants to Director a Restricted Stock Award consisting of [QUANTITY] Shares (the “Restricted Stock”). The Restricted Stock is subject to the restrictions described herein, including forfeiture under the circumstances described in Section 5 hereof (the “Restrictions”). The Restrictions shall lapse and the Restricted Stock shall become nonforfeitable in accordance with Section 3 and Section 5 hereof.
2. Incorporation by Reference, Etc. 
The provisions of the Plan are hereby incorporated herein by reference.  Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any interpretations, amendments, rules and regulations promulgated by the Committee from time to time pursuant to the Plan.  Any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.  The Committee shall have final authority to interpret and construe the Plan and this Agreement and to make any and all determinations under them, and its decision shall be binding and conclusive upon the Director and his legal representative in respect of any questions arising under the Plan or this Agreement. 

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3. Lapse of Restriction. 
Except as otherwise provided in Section 5 hereof, the Restrictions with respect to the Restricted Stock shall lapse on the third anniversary of the Grant Date.  Notwithstanding the foregoing, the Committee shall have the authority to remove the Restrictions on the Restricted Stock whenever it may determine that, by reason of changes in applicable laws or other changes in circumstances arising after the Grant Date, such action is appropriate. 
Any shares of Restricted Stock for which the Restrictions have lapsed or been removed shall be referred to hereunder as “released Restricted Stock.” 
4. Share Issuance. 
Certificates or book entries evidencing the Restricted Stock shall be issued by the Company and shall be registered in Director’s name on the stock transfer books of the Company promptly after the date hereof.   Subject to Section 6 hereof, the certificates or book-entry evidencing the Restricted Stock shall remain in the custody and/or subject to the control of the Company at all times prior to the date such Restricted Stock becomes released Restricted Stock.  Pending the release of the Restrictions, the Committee may require the Director to additionally execute and deliver to the Company (i) an escrow agreement satisfactory to the Committee and (ii) the appropriate stock power (endorsed in blank) with respect to the Restricted Stock.
5. Effect of Termination of Service. 
Upon the termination of Director’s service as a member of the Board, the Restrictions on the unreleased Restricted Stock shall be released according to the following: 
(a) In the event the Director’s service terminates by reason of death or Disability, the Restrictions on the Restricted Stock shall lapse on the date of Director’s death or Disability and the Restricted Stock shall become released Restricted Stock. 
(b) In the event the Director’s service terminates other than by reason of death or Disability, prior to the first anniversary of the Director’s initial election to the Board, no release of Restricted Stock shall be made, and all unreleased Restricted Stock issued hereunder and all rights under this Agreement shall be forfeited.
(c) In the event the Director’s service terminates other than by reason of death or Disability, on or after the first anniversary of the Director’s initial election to the Board, the Restrictions on the Restricted Stock shall lapse (and the Restricted Stock shall become released Restricted Stock) in accordance with the schedule set forth in Section 3.
6. Rights as a Shareholder. 
Director shall not be deemed for any purpose to be the owner of any Restricted Stock unless and until (i) the Company shall have issued the Restricted Stock in accordance with Section 4 hereof and (ii) the Director’s name shall have been entered as a stockholder of record with respect to the Restricted Stock on the books of the Company.  Upon the fulfillment of the conditions in (i) and (ii) of this Section 6, Director shall be the record owner of the Restricted Stock unless and until such shares are forfeited pursuant to Section 5 hereof or sold or otherwise disposed of, and as record owner shall be entitled to all rights of a common stockholder of the Company, including, without limitation, voting rights and rights to receive currently the dividends, if any, with respect to the Restricted Stock; provided, that the Restricted Stock shall be subject to the 

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limitations on transfer and encumbrance set forth in this Agreement.  As soon as practicable following the lapse or removal of Restrictions on any Restricted Stock, the Company shall deliver the certificate representing such released Restricted Stock to the Director with the restrictive legend removed.  In the event the Restricted Stock is forfeited pursuant to Section 5 hereof, the Director’s name shall be removed from the stock transfer books of the Company and all rights of the Participant to such shares and as a stockholder with respect thereto, including, but not limited to, the right to any cash dividends and stock dividends, shall terminate without further obligation on the part of the Company.  
7. Restrictive Legend; Compliance with Legal Requirements. 
All certificates or book entries representing Restricted Stock shall have affixed thereto a legend in substantially the following form, in addition to any other legends that may be required under federal or state securities laws: 
TRANSFER OF THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY IS RESTRICTED PURSUANT TO THE TERMS OF THE CARNIVAL CORPORATION 2011 STOCK PLAN, AS AMENDED FROM TIME TO TIME, AND A RESTRICTED STOCK AWARD AGREEMENT, DATED AS OF [DATE], BETWEEN CARNIVAL CORPORATION AND [FIRST_NAME] [LAST_NAME], COPIES OF SUCH PLAN AND AGREEMENT ARE ON FILE AT THE OFFICES OF CARNIVAL CORPORATION. 
The granting and delivery of the Restricted Stock, and any other obligations of the Company under this Agreement, shall be subject to all applicable federal, state, local and foreign laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be required.  If the delivery of the Restricted Stock would be prohibited by law or the Company’s dealing rules, the delivery shall be delayed until the earliest date on which the delivery would not be so prohibited.  Upon the expiration of the Restricted Period of any Restricted Stock, Director agrees to enter into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws or with the Plan or this Agreement.
8. Transferability. 
The Restricted Stock may not, at any time prior to becoming released Restricted Stock, be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by Director, and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company; provided, that, the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance.  Notwithstanding the foregoing, unreleased Restricted Stock may be transferred by the Director, without consideration, to a Permitted Transferee in accordance with Section 15(b) of the Plan. 
9. Withholding; Section 83(b) Election. 
All distributions under the Plan are subject to withholding of all applicable federal, state, local and foreign taxes, and the Committee may condition the grant and/or delivery of Restricted Stock on satisfaction of the applicable withholding obligations.   The Company, Carnival plc or any Affiliate of the Company or Carnival plc has the right, but not the obligation, to withhold or retain any Restricted Stock or other property deliverable to the Director in connection with the Award of Restricted Stock or from any compensation or other amounts owing to the Director the amount (in cash, Shares or other property) of any required tax withholding in respect of the 

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Restricted Stock and to take such other action as may be necessary in the opinion of the Company to satisfy all obligations for the payment of such taxes. Director may make an election pursuant to Section 83(b) of the Code in respect of the Restricted Stock and, if he does so, he shall timely notify the Company of such election and send the Company a copy thereof.  Director shall be solely responsible for properly and timely completing and filing any such election.

10.    UK Income Tax Election.
(a) If the Director is a resident of the UK, the Director and the Company agree that if either of them so elects, they will each enter into an irrevocable election either jointly or separately pursuant to section 431 of the UK Income Tax (Earnings and Pensions) Act 2003 (in such form as is approved by the Commissioners for Her Majesty's Revenue and Customs) not later than 14 days after the Grant Date of this award of Restricted Shares.
(b)  Upon the expiration of the Restricted Period of any Restricted Shares, the Director agrees to enter into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws or with the Plan or this Agreement.  
11.    Clawback/Forfeiture.  
Notwithstanding anything to the contrary contained herein, in the event of a material restatement of the Company’s issued financial statements, the Committee shall review the facts and circumstances underlying the restatement (including, without limitation any potential wrongdoing by Director and whether the restatement was the result of negligence or intentional or gross misconduct) and may in its sole discretion direct the Company to recover all or a portion of any income or gain realized on the vesting of the Restricted Stock or the subsequent sale of shares of released Restricted Stock with respect to any fiscal year in which the Company’s financial results are negatively impacted by such restatement.  If the Committee directs the Company to recover any such amount from the Director, then the Director agrees to and shall be required to repay any such amount to the Company within 30 days after the Company demands repayment.  In addition, if the Company is required by law to include an additional “clawback” or “forfeiture” provision to outstanding awards, under the Dodd-Frank Wall Street Reform and Consumer Protection Act or otherwise, then such clawback or forfeiture provision shall also apply to this Agreement as if it had been included on the Grant Date and the Company shall promptly notify the Director of such additional provision.  
12. Miscellaneous. 

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(a)Waiver.  Any right of the Company contained in this Agreement may be waived in writing by the Committee.  No waiver of any right hereunder by any party shall operate as a waiver of any other right, or as a waiver of the same right with respect to any subsequent occasion for its exercise, or as a waiver of any right to damages.  No waiver by any party of any breach of this Agreement shall be held to constitute a waiver of any other breach or a waiver of the continuation of the same breach.
(b)Notices. Any written notices provided for in this Agreement or the Plan shall be in writing and shall be deemed sufficiently given if either hand delivered or if sent by fax or overnight courier, or by postage paid first class mail.  Notices sent by mail shall be deemed received three business days after mailing but in no event later than the date of actual receipt.  Notices shall be directed, if to the Director, at the Director’s address indicated by the Company’s records, or if to the Company, at the Company’s principal executive office. 
(c)Severability.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law.
(d)No Right to Continued Service. Nothing in the Plan or in this Agreement shall confer upon Director any right to continue to serve as a member of the Board or shall interfere with or restrict in any way the right of the Company, which are hereby expressly reserved, to remove, terminate or discharge Director at any time for any reason.
(e)Bound by Plan.  Director acknowledges that he has received a copy of the Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan
(f)Beneficiary.  In the event of the Participant’s death, any Shares that vest pursuant to Section 3(b) of this Agreement will be issued to the legal representative of the Participant’s estate. 
(g)Successors. The terms of this Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns, and on Director and the beneficiaries, executors, administrators, heirs and successors of Director. 
(h)Entire Agreement. This Agreement and the Plan contain the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and supersede all prior communications, representations and negotiations in respect thereto.  No change, modification or waiver of any provision of this Agreement shall be valid unless the same be in writing and signed by the parties hereto, except for any changes permitted without consent under Section 14 of the Plan.
(i)Governing Law; JURY TRIAL WAIVER. This Agreement shall be construed and interpreted in accordance with the laws of the State of Florida without regard to principles of conflicts of law thereof, or principles of conflicts of laws of any other jurisdiction which could cause the application of the laws of any jurisdiction other than the State of Florida.  THE PARTIES EXPRESSLY AND KNOWINGLY WAIVE ANY RIGHT TO A JURY TRIAL IN THE 

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EVENT ANY ACTION ARISING UNDER OR IN CONNECTION WITH THIS AGREEMENT IS LITIGATED OR HEARD IN ANY COURT.
(j)Data Protection.  The Employer, the Company and any Affiliate may collect, use, process, transfer or disclose the Participant’s Personal Information for the purpose of implementing, administering and managing your participation in the Plan, in accordance with the Carnival Corporation & plc Equity Plans Participant Privacy Notice the Participant previously received.  (The Participant should contact ownership@carnival.com if he or she would like to receive another copy of this notice.)  For example, the Participant’s Personal Information may be directly or indirectly transferred to Equatex AG or any other third party stock plan service provider as may be selected by the Company, and any other third parties assisting the Company with the implementation, administration and management of the Plan
(k)Insider Trading/Market Abuse Laws.  The Participant may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions, including the United States, the United Kingdom, and the Participant’s country, which may affect the Participant’s ability to directly or indirectly, for his- or her- self or a third party, acquire or sell, or attempt to sell, Shares under the Plan during such times as the Participant is considered to have “inside information” regarding the Company (as defined by the laws and regulations in the applicable jurisdiction, including the United States, the United Kingdom, and the Participant’s country), or may affect the trade in Shares or the trade in rights to Shares under the Plan.  Local insider trading laws and regulations may prohibit the cancellation or amendment of orders the Participant placed before the Participant possessed inside information.  Furthermore, the Participant could be prohibited from (i) disclosing the inside information to any third party, which may include fellow employees (other than on a “need to know” basis) and (ii) “tipping” third parties or causing them otherwise to buy or sell securities.  Local insider trading laws and regulations may be the same or different from any Company insider trading policy.  The Participant acknowledges that it is the Participant’s responsibility to be informed of and compliant with such regulations, and the Participant should speak to the Participant’s personal advisor on this matter.
(l)Foreign Asset/Account, Exchange Control and Tax Reporting.  The Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of Shares or cash (including dividends, dividend equivalents and the proceeds arising from the sale of Shares) derived from the Participant’s participation in the Plan, to and/or from a brokerage/bank account or legal entity located outside the Participant’s country.  The applicable laws of the Participant’s country may require that the Participant report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in such country.  The Participant may also be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan to the Participant’s country through a designated bank or broker within a certain time after receipt.  The Participant acknowledges that the Participant is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult the Participant’s personal legal advisor on this matter
(m)No Advice Regarding Grant.  The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Participant’s participation in the Plan, or the Participant’s acquisition or sale of the underlying Shares.  The Participant should consult with the Participant’s own personal tax, legal and financial advisors regarding the Participant’s participation in the Plan before taking any action related to the Plan.

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(n)Headings. The headings of the Sections hereof are provided for convenience only and are not to serve as a basis for interpretation or construction, and shall not constitute a part, of this Agreement
(o)Electronic Delivery and Acceptance.  The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means.  The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company.

IN WITNESS WHEREOF, the Company has executed this Agreement as of the day first written above.
CARNIVAL CORPORATION 

By:  /s/ Jerry Montgomery                      
Jerry Montgomery
Chief Human Resources OfficerExhibit 10.1

 

AMENDMENT NO. 5

 

This Amendment No. 5 (this “Agreement”
or “Amendment No. 5”), dated as of June 24, 2019, to the Credit Agreement, dated as of April 24, 2015 (as
amended by Amendment No. 1 thereto dated October 21, 2016, as further amended by Amendment No. 2 dated February 9, 2017, as further
amended by Amendment No. 3 dated April 27, 2017, as further amended or otherwise modified by Amendment No. 4 and Limited Waiver
dated March 18, 2019 and after giving effect to the Borrower Assumption Agreement and Joinder, dated as of May 9, 2017, the “Credit
Agreement”; capitalized terms used in this Amendment No. 5 and not otherwise defined herein shall have the respective
meanings given thereto in the Credit Agreement, as amended hereby), is made by and among Uniti Group Inc. (f/k/a Communications
Sales & Leasing, Inc.), a Maryland corporation (“Holdings” or the “Parent Guarantor”),
Uniti Group LP, a Delaware limited partnership (the “Assumed Borrower”), Uniti Group Finance Inc., a Delaware
corporation (“FinCo”), CSL CAPITAL, LLC (“CSL Capital” and, collectively with the Assumed
Borrower and Finco, the “Borrowers”), the Lenders party hereto and Bank of America, N.A., as Administrative
Agent and Collateral Agent (the “Administrative Agent”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to Section 2.16
of the Credit Agreement, the Borrowers and Revolving Credit Lenders are permitted to extend the maturity date of such Lender’s
Revolving Credit Commitments and to otherwise modify the terms of such Lender’s Revolving Credit Commitments in accordance
with Section 2.16;

 

WHEREAS, (i) each Revolving Credit
Lender who executes this Amendment as an Extended Revolving Credit Lender (as defined below) has agreed to extend the maturity
of all of such Revolving Credit Lender’s Revolving Credit Commitments in accordance with the terms and subject to the terms
and conditions set forth herein, (ii) each other Revolving Credit Lender will be deemed a Non-Extended Revolving Credit Lender
(as defined below) and (iii) the Extended Revolving Credit Commitments and any Extended Revolving Credit Loans, on the one hand,
and the Non-Extended Revolving Credit Commitments and any Non-Extended Revolving Credit Loans, on the other hand, will constitute
separate tranches and Classes under the Credit Agreement;

 

NOW, THEREFORE, in consideration
of the premises and further valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:

 

1.  Amendments
to the Credit Agreement. Subject to the occurrence of the Amendment No. 5 Operative Date (as defined below):

 

(a)  The
Credit Agreement is, effective as of the Amendment No. 5 Operative Date, hereby amended to delete the stricken text (indicated
textually in the same manner as the following example: stricken text) and to add the underlined text (indicated
textually in the same manner as the following example: underlined text) as set forth in the pages of the Credit Agreement
attached as Exhibit A hereto.

 

(b)  Schedule
1.01(A) to the Credit Agreement is, effective as of the Amendment No. 5 Operative Date (after giving effect to the Commitment
Reduction (as defined below)), hereby replaced in its entirety with the table attached as Schedule 1 hereto.

 

(c)  Exhibit
C-2 to the Credit Agreement, effective as of the Amendment No. 5 Operative Date, hereby amended to delete the stricken text
(indicated textually in the same

 

     

     

    

manner
as the following example: stricken text) and to add the underlined text (indicated textually in the same manner
as the following example: underlined text) as set forth in the pages of Exhibit C-2 attached as Exhibit B
hereto.

 

(d)  Exhibit
C-4 to the Credit Agreement is, effective as of the Amendment No. 5 Operative Date, shall be in the form of Exhibit C
hereto.

 

2.  Reduction
in Revolving Credit Commitments. Immediately following the occurrence of the Amendment No. 5 Operative Date, the Extended Revolving
Credit Commitments shall automatically as of such date be reduced by $101,633,333.25 to $575,922,221.75, with such reduction to
be applicable to each Extended Revolving Credit Lender’s Extended Revolving Credit Commitment pro rata in accordance with
each such Extended Revolving Credit Lender’s Applicable Percentage (the “Commitment Reduction”) and the
Borrower shall have prepaid Extended Revolving Credit Loans so the Outstanding Amount of all Extended Revolving Credit Loans and
all L/C Obligations shall not exceed the Extended Revolving Credit Commitments after giving effect to the Commitment Reduction
(the “Specified Repayment”).

 

3.  Extension
of Certain of the Revolving Credit Commitments.

 

(a)  On
the Amendment No. 5 Operative Date, each Existing Revolving Credit Lender that has executed and delivered a counterpart to this
Amendment as an “Extended Revolving Credit Lender” (each, an “Extended Revolving Credit Lender”)
shall have its Revolving Credit Commitments outstanding immediately prior to the Amendment No. 5 Operative Date (“Existing
Revolving Credit Commitments”) automatically reclassified as an Extended Revolving Credit Commitment and all of its Revolving
Credit Loans outstanding immediately prior to the Amendment No. 5 Operative Date (“Existing Revolving Credit Loans”)
automatically reclassified as Extended Revolving Credit Loans, respectively, for all purposes under the Credit Agreement, and such
Extended Revolving Credit Commitments and Extended Revolving Credit Loans shall be outstanding under the Credit Agreement on the
terms and conditions set forth therein.

 

(b)  On
the Amendment No. 5 Operative Date, all of the Existing Revolving Credit Commitments of any Existing Revolving Credit Lender that
is not an Extended Revolving Credit Lender (each, a “Non-Extended Revolving Credit Lender”) shall be reclassified
as and constitute Non-Extended Revolving Credit Commitments, and all of the Existing Revolving Credit Loans of any Non-Extended
Revolving Credit Lender shall be reclassified and constitute Non-Extended Revolving Credit Loans, under the Credit Agreement and
shall continue to be in effect and outstanding under the Credit Agreement on the terms and conditions set forth therein.

 

4.  Conditions
Precedent to Effectiveness of this Agreement.

 

(a)  This
Amendment No. 5 shall become effective on the date when the following conditions are met (the “Agreement Effective Date”):

 

(i)the Administrative Agent
shall have received a counterpart signature page of this Amendment No. 5 duly executed by each of the Parent Guarantor, the Borrowers,
the Guarantors, the Administrative Agent and the Extending Revolving Credit Lenders;

 

(ii)  the
Administrative Agent shall have received the favorable legal opinion of (i) Davis Polk & Wardwell LLP, counsel to the Loan
Parties and (ii) Kutak Rock LLP, counsel to the Loan Parties;

 

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(iii)  the
Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably
request relating to the organization, existence and good standing of each Loan Party, the authorization of execution, delivery
and performance of this Amendment No. 5, the performance of the Credit Agreement and each other applicable Loan Document, in each
case as amended, extended or otherwise modified hereby, and any other legal matters relating to the Loan Documents, all in form
and substance reasonably satisfactory to the Administrative Agent and its counsel; and

 

(iv)   the
Administrative Agent shall have received a certificate, dated as of the Agreement Effective Date, signed by a Responsible Officer
certifying that (i) each of the Master Lease and the Recognition Agreement (and in each case any amendments thereto) are in full
force and effect as of such date and attaching executed copies of the Master Lease and the Recognition Agreement (and in each case
any amendments thereto), (ii) the representations and warranties of each Loan Party contained in Article 5 of the Credit Agreement
and in each other Loan Document (including, for the avoidance of doubt, this Amendment No. 5) are true and correct in all material
respects as of Agreement Effective Date (except to the extent that such representations and warranties specifically refer to an
earlier date, in which case they were true and correct as of such earlier date); provided that, to the extent that such
representations and warranties are qualified by materiality, material adverse effect or similar language, they are true and correct
in all respects and (iii) as of the Agreement Effective Date, no Default or Event of Default exists or will result from the effectiveness
of this Amendment No. 5.

 

5.  Conditions
Precedent to Effectiveness of the Commitment Reduction and Amendments. The amendments set forth in Section 1 and the extension
set forth in Section 3 hereof shall become effective on the date when the following conditions are met (the “Amendment
No. 5 Operative Date”):

 

(i)the Agreement Effective
Date shall have occurred;;

 

(ii)  the
Borrowers shall have paid to the Administrative Agent, for the account of each Lender that has delivered a counterpart to this
Amendment No. 5 as an Extended Revolving Credit Lender by 4:00 p.m. (New York City time) on June 18, 2019, a consent fee equal
to 0.20% of the aggregate principal amount of the Extended Revolving Credit Commitments held by such Extended Revolving Credit
Lender after giving effect to the Commitment Reduction;

 

(iii) either (x) the Parent Guarantor
or any direct or indirect Subsidiary thereof shall have issued senior secured or unsecured debt or Equity Interests (or any debt
convertible or exchangeable into Equity Interests), (y) the Borrowers will have cash on hand or (z) any combination of (x) and
(y), in an amount sufficient for the Borrowers to make the Specified Prepayment; and

 

(iv) the Borrowers shall have
paid all fees and amounts due and payable pursuant to this Amendment No. 5, including, to the extent invoiced, reimbursement or
payment of documented and reasonable out-of-pocket expenses in connection with this Amendment No. 5 and related matters (including
the reasonable and documented fees and expenses of Cahill Gordon & Reindel LLP, counsel to the Administrative Agent and
the Amendment No. 5 Arranger (as defined below)), any other out-of-pocket expenses of the Administrative Agent required to be paid
or reimbursed pursuant to the Credit Agreement and any fees and expenses payable to the Administrative Agent or its affiliates
and the Amendment No. 5 Arranger as separately agreed.

 

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It is understood and agreed that
if the Amendment No. 5 Operative Date does not occur on or prior to September 15, 2019, the amendments, extensions and other modifications
set forth in Sections 1, 2 and 3 hereof shall not become operative.

 

6.   Representations
and Warranties. Each Loan Party represents and warrants to the Administrative Agent and the Lenders as of the Agreement Effective
Date:

 

(i)the representations and
warranties of each Loan Party contained in Article 5 of the Credit Agreement and in each other Loan Document (including, for the
avoidance of doubt, this Amendment No. 5) are true and correct in all material respects as of the date hereof (except to the extent
that such representations and warranties specifically refer to an earlier date, in which case they were true and correct as of
such earlier date); provided that, to the extent that such representations and warranties are qualified by materiality,
material adverse effect or similar language, they are true and correct in all respects;

 

(ii)  no
Default or Event of Default exists or will result from this Amendment No. 5; and

 

(iii) this Amendment No.
5 has been duly authorized, executed and delivered by each Loan Party and each of this Amendment No. 5 and the Credit Agreement,
as amended, extended or otherwise modified hereby, constitutes a legal, valid and binding obligation of each such Loan Party, enforceable
against each such Loan Party in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws and
by general principles of equity.

 

7.   Costs
and Expenses. The Borrowers agree to pay all reasonable and documented out-of-pocket costs and expenses of the Administrative
Agent (including the reasonable and documented fees and expenses of Cahill Gordon & Reindel LLP, counsel to the Administrative
Agent and the Amendment No. 5 Arranger) in connection with the preparation, execution, delivery and administration of this Amendment
No. 5, the other instruments and documents to be delivered hereunder and related matters with respect to the Loan Documents and
transactions contemplated hereby.

 

8.
   Governing Law. This Amendment
No. 5 shall be governed by and construed in accordance with the law of the State of New York.

 

9.
   Counterparts. This Amendment
No. 5 may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument.

 

10.
  Waiver of Right of Trial by Jury.
Section 10.16 of the Credit Agreement is incorporated herein by reference, mutatis mutandis.

 

11.
  Effect of Amendment No. 5. Except as expressly set forth herein, (i) this
Amendment No. 5 (including, without limitation, the occurrence of the Amendment No. 5 Operative Date) shall not by implication
or otherwise limit, impair, constitute a waiver of (including, without limitation, any Default or Event of Default) or otherwise
affect the rights and remedies of the Lenders, the Administrative Agent or any other Agent, in each case under the Credit Agreement
or any other Loan Document, and (ii) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations,
covenants or agreements contained in the Credit Agreement or any other provision of either such agreement or any other Loan Document. 
Each and every term, condition, obligation, covenant and agreement contained in the Credit Agreement or any other Loan Document,
is hereby ratified and re-affirmed in all respects and shall continue in full force and effect as amended, extended or otherwise
modified hereby.  This

 

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Amendment No. 5 shall constitute a Loan Document and a Loan
Extension Agreement for all purposes and from and after the Agreement Effective Date, all references to the Credit Agreement in
any Loan Document and all references in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”
or words of like import referring to the Credit Agreement, shall, unless expressly provided otherwise, refer to the Credit Agreement
as amended, extended or otherwise modified hereby. 

 

12.  Consent
and Reaffirmation. Each of the Loan Parties hereby consents to this Amendment No. 5 and, as of each of the Agreement Effective
Date and the Amendment No. 5 Operative Date, confirms and reaffirms (i) that all obligations of such Loan Party under the Loan
Documents to which such Loan Party is a party shall continue to apply to the Credit Agreement as amended, extended or otherwise
modified hereby, (ii) its guaranty of the Obligations as amended, extended or otherwise modified hereby, (iii) its prior pledges
and grants of security interests and Liens on the Collateral to secure the Obligations pursuant to the Collateral Documents and
(iv) that such Guarantees, prior pledges and grants of security interests and liens on the Collateral to secure the Obligations,
as applicable, are and shall continue to be in full force and effect as amended, extended or otherwise modified hereby and do,
and shall continue to, inure to the benefit of the Collateral Agent, the Lenders and the other Secured Parties. This Agreement
and the amendments, extensions and other modifications contemplated hereunder are not intended as, and shall not constitute, a
novation of the Credit Agreement or any other Loan Document.

 

13.  Amendment
No. 5 Lead Arranger. BofA Securities, Inc. is acting as lead arranger (the “Amendment No. 5 Arranger”) in
connection with the Amendment No. 5 and shall be entitled to all rights, indemnities, privileges and immunities applicable to the
“Arrangers” under the Loan Documents in connection herewith and that certain Engagement Letter, dated as of June 3,
2019, among BofA Securities, Inc. and the Borrowers.

 

[Signature pages
follow]

 

    -5-

     

    

IN WITNESS WHEREOF, the parties hereto have
caused this Amendment No. 5 to be duly executed as of the date first above written.

 

	 	UNITI GROUP INC.	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Daniel Heard 	 
	 	 	Name:	Daniel Heard	 
	 	 	Title:	Executive Vice President—

General Counsel and Secretary	 
	 	 	 	 	 
	 	 	 	 	 

	 	UNITI GROUP LP

 

By: Uniti Group Inc., its General Partner

 

	 
	 	 	 	 
	 	By:	/s/ Daniel Heard 	 
	 	 	Name:	Daniel Heard	 
	 	 	Title:	Executive Vice President—

General Counsel and Secretary	 
	 	 	 	 	 
	 	 	 	 	 

	 	UNITI GROUP FINANCE INC.	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Daniel Heard 	 
	 	 	Name:	Daniel Heard	 
	 	 	Title:	Executive Vice President—

General Counsel and Secretary	 
	 	 	 	 	 
	 	 	 	 	 

	 	UNITI FIBER HOLDINGS INC.	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Daniel Heard 	 
	 	 	Name:	Daniel Heard	 
	 	 	Title:	Executive Vice President—

General Counsel and Secretary	 
	 	 	 	 	 
	 	 	 	 	 

	 	CSL CAPITAL, LLC	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Daniel Heard 	 
	 	 	Name:	Daniel Heard	 
	 	 	Title:	Executive Vice President—

General Counsel and Secretary	 
	 	 	 	 	 
	 	 	 	 	 

	 	CONTACT NETWORK, LLC
	 	CSL NATIONAL GP, LLC

    
[Signature Page to Amendment No. 5]

     

    

	 	CSL Alabama System, LLC
	 	CSL Arkansas System, LLC
	 	CSL Florida System, LLC
	 	CSL Iowa System, LLC
	 	CSL Mississippi System, LLC
	 	CSL Missouri System, LLC
	 	CSL New Mexico System, LLC
	 	CSL Ohio System, LLC
	 	CSL Oklahoma System, LLC
	 	CSL Realty, LLC
	 	CSL Texas System, LLC
	 	CSL North Carolina Realty GP, LLC
	 	CSL Tennessee Realty Partner, LLC
	 	CSL Tennessee Realty, LLC
	 	HUNT TELECOMMUNICATIONS, LLC
	 	INFORMATION TRANSPORT SOLUTIONS, INC.
	 	NEXUS SYSTEMS, INC.
	 	PEG BANDWIDTH DC, LLC
	 	PEG BANDWIDTH DE, LLC
	 	PEG BANDWIDTH IA, LLC
	 	PEG BANDWIDTH LA, LLC
	 	PEG BANDWIDTH MA, LLC
	 	PEG BANDWIDTH MS, LLC
	 	PEG BANDWIDTH TX, LLC
	 	PEG BANDWIDTH VA, LLC
	 	UNITI DARK FIBER LLC
	 	UNITI FIBER LLC
	 	UNITI LEASING LLC
	 	UNITI LEASING X LLC
	 	UNITI LEASING XI LLC
	 	UNITI TOWERS LLC
	 	UNITI TOWERS NMS HOLDINGS LLC
	 	 

	 	 	 	 
	 	By:	/s/ Daniel Heard 	 
	 	 	Name:	Daniel Heard	 
	 	 	Title:	Executive Vice President—

General Counsel and Secretary	 

    
[Signature Page to Amendment No. 5]

     

    

	 	CSL NATIONAL, LP, as a Guarantor	 
	 	 	 	 
	 	 	 	 
	 	
        By:

         
	CSL NATIONAL GP, LLC, as its general partner	 
	 	 	 	 	 
	 	By:	/s/ Daniel Heard

	 
	 	 	Name:	Daniel Heard	 
	 	 	Title:	Executive Vice President—

General Counsel and Secretary	 
	 	 	 	 	 
	 	 	 	 	 

	 	CSL NORTH CAROLINA REALTY, LP, as a Guarantor	 
	 	 	 	 
	 	 	 	 
	 	
        By:

         

         

        By:
	CSL NORTH CAROLINA REALTY GP, LLC, as its 

    general partner

 

 

/s/ Daniel Heard

	 
	 	 	Name:	Daniel Heard	 
	 	 	Title:	Executive Vice President—

General Counsel and Secretary	 
	 	 	 	 	 
	 	 	 	 	 

	 	CSL NORTH CAROLINA SYSTEMS, LP, as a Guarantor	 
	 	 	 	 
	 	 	 	 
	 	
        By:

         

         

        By:

        
	CSL NORTH CAROLINA REALTY GP, LLC, as its 

    general partner

 

 

/s/ Daniel Heard

	 
	 	 	Name:	Daniel Heard	 
	 	 	Title:	Executive Vice President—

General Counsel and Secretary	 

    
[Signature Page to Amendment No. 5]

     

    

	 	UNITI HOLDINGS LP, as a Guarantor	 
	 	 	 	 
	 	 	 	 
	 	
        By:

         

        By:

        
	UNITI HOLDINGS GP LLC, as its general partner

 

/s/ Daniel Heard

	 
	 	 	Name:	Daniel Heard	 
	 	 	Title:	Executive Vice President—

General Counsel and Secretary	 
	 	 	 	 	 
	 	 	 	 	 

	 	UNITI LATAM LP, as a Guarantor	 
	 	 	 	 
	 	 	 	 
	 	
        By:

         

        By:

        
	UNITI LATAM GP LLC, as its general partner

 

/s/ Daniel Heard

	 
	 	 	Name:	Daniel Heard	 
	 	 	Title:	Executive Vice President—

General Counsel and Secretary	 
	 	 	 	 	 
	 	 	 	 	 

	 	UNITI QRS HOLDINGS LP, as a Guarantor	 
	 	 	 	 
	 	 	 	 
	 	
        By:

         

        By:

        
	UNITI QRS Holdings GP LLC, as its general partner

 

/s/ Daniel Heard

	 
	 	 	Name:	Daniel Heard	 
	 	 	Title:	Executive Vice President—

General Counsel and Secretary	 

    
[Signature Page to Amendment No. 5]

     

    

	 	BANK OF AMERICA, N.A., as Administrative Agent
	 	 	 
	 	 	 

	 	By:	/s/ Elizabeth Uribe	 
	 	 	
        Name:

        

        Title: 
	
        Elizabeth Uribe

        

        Assistant Vice President 
	 
	 	 	 	 	 

    
[Signature Page to Amendment No. 5]

     

    

Lender Signature Pages:

 

[On File with the Administrative
Agent]

 

    
[Signature Page to Amendment No. 5]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}]]