Windstream Holdings Inc. (fka WINMQ)

[newflow]

“Aggregate New Common Stock” means the total number of New Common Stock
outstanding as of the Effective Date after giving effect to the Plan (excluding the Agreed Dilution,
except as otherwise expressly set forth herein).
“Agreed Dilution” means any equity issued pursuant to the MIP, and any equity
issued pursuant to the Equity Backstop Premium

Page 31/100
http://www.kccllc.net/windstream/document/1922312200313000000000001

Windstream Holdings, Inc. (the “Company”), on behalf of itself and each of the other Debtors
1. AMENDMENT TO SECTION 1.1. Section 1.1 (Definitions) of the Backstop
Commitment Agreement is hereby amended by replacing the definition of “New Common Stock”
in its entirety as follows:
“New Common Stock” means the common membership interests of the Company and, if
applicable, the Special Warrants (as defined in the Plan).
Page 4/11
http://www.kccllc.net/windstream/document/1922312200728000000000007

IMO, common equity will survive(in beneficial interests) and the same equity with dilution becomes new common stock which backstop parties buy after emerging from ch11.

COMPANY is referring to Windstream Holdings Inc, not the reorganized Windstream.