(e) On January 17, 2013, the Compensation Committee ("Committee") of the Board of Directors of Primus Telecommunications Group, Incorporated (the "Company") amended certain terms of the employment agreement, dated October 12, 2010, between the Company and Peter D. Aquino ("Employment Agreement").

The principal changes to the Employment Agreement reflected in the amendment consist of the following: (i) fixing Mr. Aquino's salary at $800,000 for the 2013 calendar year, and on a pro-rated basis for the period from January 1, 2014 through March 31, 2014, (ii) eliminating the target bonus concept for 2013 and the period from January 1, 2014 through March 31, 2014, with any bonus for 2013 or for the period from January 1, 2014 through March 31, 2014 to be based upon the discretion of the Committee, and (iii) revising the severance pay to be based on Mr. Aquino's 2012 base salary and 2012 target bonus of 100%.

The foregoing summary of the material terms of the amendment to Mr. Aquino's employment agreement is qualified by reference to the full text of the amendment, which is included as Exhibit 10.1 hereto, and the full text of the Employment Agreement, which was previously filed as Exhibit 10.1 to the Registrant's Current Report on Form 8-K, dated October 13, 2010 and is incorporated herein by reference.

(d) Exhibits.

Exhibit
  No.                                     Description

10.1         Amendment to Executive Employment Agreement, dated January 17, 2013,
             by and between Primus Telecommunications Group, Incorporated and Peter
             D. Aquino.

10.2         Executive Employment Agreement, dated October 10, 2010, by and between
             Primus Telecommunications Group, Incorporated and Peter D. Aquino
             (incorporated by reference to Exhibit 10.1 to the Company's Current
             Report on Form 8-K, filed on October 13, 2010).