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EXHIBIT 10.28  

 
 

EMPLOYMENT AGREEMENT    
  

        THIS EMPLOYMENT AGREEMENT ("Agreement"), entered into and effective as of the 30th day of November 2002 by and between UbiquiTel Inc.,
a Delaware corporation (the "Company"), and Donald A. Harris ("Employee"). 

        WHEREAS,
the Company desires to continue to employ Employee in the position of President and Chief Executive Officer, and Employee desires to serve in such capacity on behalf of the
Company. 

        NOW,
THEREFORE, in consideration of the premises and of the mutual covenants and agreements hereinafter set forth, the Company and Employee hereby agree as follows: 

        1.    Employment.    

        a.    Term.    The term of this Agreement (the "Term") begins on the date hereof, and terminates on the date three
(3) years from the date hereof, unless sooner terminated by either party as hereinafter provided. 

        b.    Duties.    Employee shall serve as the President and Chief Executive Officer ("CEO") of the Company and in such
capacity shall perform the functions and jobs described on Exhibit A and shall report directly to the Board of Directors of the Company. For as long as and during such period in which Employee
is serving as the CEO of the Company, the Company shall cause Employee to be nominated, and, if elected by the Company's shareholders, Employee shall also serve as a member of the Board of Directors
of the Company, without additional compensation. 

        c.    Best Efforts.    During the period of his employment, Employee shall devote his best efforts and such time and
attention as shall be necessary to promote the business and affairs of the Company and its
affiliated companies, as such business and affairs now exist or hereafter may be changed or supplemented, and shall, during the term of his employment hereunder, be engaged in other business
activities only to the extent that such activities do not interfere or conflict with his obligations to the Company hereunder, including, without limitation, obligations pursuant to the Noncompetition
and Confidentiality Agreement entered into pursuant to Section 6 below. The foregoing shall not be construed as preventing Employee from investing his assets in such form or manner as will not
require any significant services on his part in the operation of the affairs of the businesses or entities in which such investments are made; provided, however, that Employee shall not invest in any
business competitive with the Company, except that Employee shall be permitted to own not more than 5% of the stock of those companies whose securities are listed on a national securities exchange or
on the NASDAQ system. The Company agrees that it will not require Employee to relocate his principal residence during the period of his employment hereunder, unless mutually agreed by both parties. 

        2.    Compensation.    As compensation for the services to be rendered hereunder, the Company shall pay Employee an
annual gross salary of Two Hundred Thirty-One Thousand Five Hundred Twenty-Five Dollars ($231,525) for the first year of the term hereof. This amount shall be increased by a
minimum of 5% for each subsequent year, provided that any percentage increase greater than 5% shall be determined in the sole discretion of the disinterested members of the Company's Board of
Directors. The salary will be paid in accordance with the Company's existing payroll policies, and shall be subject to applicable withholding taxes. Employee will also be eligible for payments from
the Company in respect of bonuses in amounts and at such times as determined in the sole discretion of the disinterested members of the Company's Board of Directors. 

        3.    Expenses.    The Company will reimburse Employee for all necessary and reasonable travel, entertainment and
other business expenses incurred by him in the performance of his duties hereunder, upon receipt of a signed itemized list of such expenditures with appropriate backup documentation, or in accordance
with such other reasonable accounting procedures as the Company may adopt generally from time to time. The Company will also reimburse Employee for legal fees incurred in connection 

 

with this Agreement, in an amount up to $3,000, upon receipt of appropriate documentation of such fees. 

        4.    Vacation; Benefits.    Employee shall be entitled to four (4) weeks' paid vacation per calendar year,
which amounts shall not compound or accrue from year to year if unused. Employee shall be entitled to paid holidays in accordance with the Company's holiday policy and to participate in the Company's
health, life insurance, 401(k) plan, long and short term disability, dental, retirement, and medical programs, if any, as well as executive bonus, benefit or incentive programs (long-term
or short-term), if any, pursuant to their respective terms and conditions but, in any event, at least to the same extent as any other senior executive of the Company. Nothing in this
Agreement shall preclude the Company or any
affiliate of the Company from terminating or amending any employee benefit plan or program from time to time after the effective date of this Agreement. 

        5.    Termination.    

        a.    Termination by the Company.    

        (1)  For Cause.    The Company may terminate Employee's employment hereunder any time for Cause, as herein defined,
in which case the Company's sole liability to Employee shall be for unpaid salary and benefits (then owed or accrued and owed in the future) through the date of termination and unreimbursed expenses
incurred by Employee pursuant to Sections 3 and 4 above. 

        (2)  Without Cause.    The Company also may terminate Employee's employment without Cause at any time upon written
notice, but, in that event, must pay to Employee a single lump sum in cash, within thirty (30) days, unless another date is mutually agreed upon by the parties, equal to one (1) year's
salary, plus all unreimbursed expenses incurred by Employee pursuant to Sections 3 and 4 above. All health, life insurance, long term disability, dental, and medical programs specified in
Section 4 shall continue for one (1) year as if Employee had not been terminated. At the conclusion of that year, Employee shall be entitled to receive all accrued benefits then owed or
unless pursuant to the Company's plan or program an additional benefit is accrued and owed in the future. Notwithstanding the foregoing, in the event payment is due to Employee under this Section
within twenty-four (24) months following a Change of Control, or if Employee is terminated without Cause or terminates for Good Reason within six (6) months prior to a Change
of Control and it is reasonably demonstrated by Employee that such termination or circumstances constituting Good Reason (i) were the result of the request of a third party who has taken steps
reasonably calculated to effect the Change of Control or (ii) otherwise arose in connection with or in anticipation of the Change of Control, then in lieu of the amounts specified in the first
two sentences, Employee shall receive a lump sum in cash within thirty (30) days after the date of termination equal to 2.99 multiplied by the sum of Employee's annual gross salary and bonus
for the year in which the Change of Control occurs or the immediately preceding year, whichever produces the higher sum. For the remainder of what would have been the Term, or at least twelve
(12) months, the Company shall continue health, life insurance, long term disability, dental, and medical program benefits for Employee and/or Employee's family at least equal to those which
would have been provided to them in accordance with the plans, programs, practices and policies described in Section 4 of this Agreement if Employee's employment had not been terminated. 

        (3)  "Cause" Defined.    As used in this Agreement, termination for "Cause" shall mean termination as a result of: 

          (i)  Employee's
failure to cure any default, breach or failure to perform any of his material obligations under the terms of this Agreement within thirty (30) days
after written notice from the Company describing in detail Employee's default, breach or failure to perform, unless a failure to cure more promptly than such thirty (30)-day period would
result 

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in a material adverse effect on the Company, in which case that cure period shall be equal to the time required to avoid a material adverse effect on the Company; or 

        (ii)  misconduct,
including but not limited to dishonesty, insubordination, or other acts on Employee's part materially detrimental to the goodwill of the Company or
materially damaging to the Company's relationships with its customers, employees or others with whom it does business; or 

        (iii)  acts
of moral turpitude which, in the reasonable opinion of disinterested members of the Company's Board of Directors are materially harmful to the business or
reputation of the Company; or 

        (iv)  refusal
to obey reasonable and lawful directions of the disinterested members of the Company's Board of Directors other than as to any issue insignificant to the
Company's business. 

        b.    Termination by Employee.    

        (1)  Employee
may terminate his employment hereunder in the event of "Good Reason" after thirty (30) days' written notice from Employee to the Board of Directors of
the Company describing in detail the "Good Reason," if not cured. In the event of any such termination, the Company's obligations to Employee shall be the same as set forth in Section 5(a)(2)
above, before or after a Change of Control, as applicable. 

        (2)  Employee
may resign his employment hereunder other than for breach or failure to perform by the Company at any time by giving thirty (30) days' written notice to
the Board of Directors. In the event of any such termination, the Company's sole obligations to Employee shall be for unpaid salary and benefits (then owed or accrued and owed in the future) and
reimbursement of expenses pursuant to Sections 3 and 4 through the effective date of termination specified in Employee's notice. 

        (3)  For
the purposes of this Agreement, "Good Reason" means: 

          (i)  the
assignment to Employee of any duties inconsistent in any material respect (in any respect, whether or not material, following a Change of Control, as defined below)
with Section 1 of this Agreement, or any other action by the Company that results in a material diminution (any diminution, whether or not material, following a Change of Control) in Employee's
position or authority, duty, titles, responsibilities, or reporting requirements; 

        (ii)  any
material failure (any failure, whether or not material, following a Change of Control) by the Company to comply with any provision of Section 2, 3 or 4; 

        (iii)  any
relocation of Employee's principal business location to a location other than within 50 miles of its location on the date of this Agreement); 

        (iv)  any
failure by the Company to comply with and satisfy Section 13 of this Agreement; or 

        (v)  following
a Change of Control, a termination by Employee for any reason during the thirty (30)-day period immediately following the first anniversary of the
Change of Control shall be deemed to be a termination for Good Reason for all purposes of this Agreement. 

        c.    Termination by Death or Disability.    In the event of Employee's death or permanent disability during the term
of this Agreement, his employment shall terminate on the date of death or date of permanent disability (as determined by the disinterested members of the Board of Directors). In the event of such
termination, the Company's sole obligations to Employee (or Employee's estate) shall be 

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for unpaid salary and benefits (then owed or accrued and owed in the future) and reimbursement of expenses pursuant to Sections 3 and 4 through the effective date of termination. 

        6.    Change of Control.    

        a.    A
"Change of Control" shall be deemed to have occurred if (i) any "person" or "group" (as such terms are used in Sections 13(d) and 14(d)(2) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act")), other than any Company employee stock ownership plan or an equivalent retirement plan, becomes the beneficial owner (as such term is used in
Section 13(d) of the Exchange Act), directly or indirectly, of securities of the Company representing 40% or more of the combined voting power of the Company's then outstanding voting
securities, (ii) the members of the Board of Directors on the date of this Agreement cease to consist of a majority of Continuing Directors (as defined below), (iii) the consummation of
a sale of all or substantially all of the Company's assets or a liquidation (as measured by the fair value of the assets being sold compared to the fair value of all of the Company's assets), or
(iv) a merger or other combination occurs such that a majority of the equity securities of the resultant entity after the transaction are not owned by those who owned a majority of the equity
securities of the Company prior to the transaction. A "Continuing Director" shall mean a member of the Board of Directors who either (i) is a member of the Board of Directors at the date of
this Agreement or (ii) is nominated or appointed to serve as a Director by a majority of the then Continuing Directors. 

        b.    If
it is determined that any payment or distribution by the Company of benefits provided under this Agreement or any other benefits due upon a Change of Control (the
"Change of Control Benefits") would constitute an "excess parachute payment" within the meaning of section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), that would be
subject to an excise tax under section 4999 of the Code (the "Excise Tax") the following provisions shall apply, unless provided otherwise in the applicable plan, program or agreement that
provides change of control payments that are not paid pursuant to this Agreement. If the aggregate present value to Employee of receiving the Change of Control Benefits and paying the Excise Tax is
not greater than the aggregate present value to Employee of the Change of Control Benefits reduced to the safe harbor amount (as defined below), then the Company shall reduce those Change of Control
Benefits specified by Employee such that the aggregate present value to Employee of receiving the Change of Control Benefits is equal to the safe harbor amount. Otherwise Employee shall receive the
full amount of the Change of Control Benefits and Employee shall be responsible for payment of the Excise Tax. For purposes of this paragraph "present value" shall be determined in accordance with
Section 280G(d)(4) of the Code and the term "safe harbor amount" shall mean an amount expressed in the present value that maximizes the aggregate present value of the Change of Control Benefits
without causing any of the Change of Control Benefits to be subject to the deduction limitations set forth in Section 280G of the Code. 

        c.    All
determinations made pursuant to the foregoing paragraph shall be made by the Company's independent public accountant immediately prior to the Change of Control (the
"Accounting Firm"), which firm shall provide its determinations and any supporting calculations both to the Company and to Employee within ten (10) days of the termination date. Any such
determination by the Accounting Firm shall be binding upon Employee and the Company. Employee shall then, in Employee's sole discretion, determine which and how much of the Change of Control Benefits
shall be eliminated or reduced consistent with the requirements of the foregoing subsection. All of the fees and expenses of the Accounting Firm in performing the determinations referred to above
shall be borne solely by the Company. 

        7.    Restrictive Covenants.    As a condition to, and in consideration of, the execution of this Agreement by the
Company, Employee agrees to be bound by the terms of the Noncompetition and Confidentiality Agreement attached hereto as Exhibit B. 

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        8.    Enforcement.    Employee acknowledges that the services to be rendered under this Agreement by him are special,
unique and of an extraordinary character, and that irreparable injury will result to the Company and its business and property if he breaches any of the covenants and agreements contained in this
Agreement or in any of the Exhibits hereto. Therefore, Employee expressly agrees that in the event of any such breach or threatened breach, the Company shall be entitled to an injunction to restrain
further breach of that covenant or agreement by Employee or any of Employee's partners, agents, employers, employees, or any persons acting for or with Employee, in addition to any other rights or
remedies available to it, at law or in equity, other than specific performance to enforce the obligation of Employee to provide services to the Company. 

        9.    Survival.    The provisions of Sections 7 and 8 shall survive, along with Exhibit B, the termination of
this Agreement. 

        10.    No Mitigation or Set Off.    In no event shall Employee be obligated to seek other employment or take any other
action by way of mitigation of the amounts payable to Employee under any of the provisions of this Agreement and such amounts shall not be reduced, regardless of whether Employee obtains other
employment. The Company's obligation to make the payments provided for in this Section and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including, without
limitation, any set-off, counterclaim, recoupment, defense or other right which the Company may have against Employee or others. 

        11.    Return of Documents.    Upon termination of his employment, Employee agrees to return all documents belonging
to the Company in his possession including, but not limited to, contracts, agreements, licenses, business plans, equipment, software, software programs, products,
work-in-progress, source code, object code, computer disks, books, notes and all copies thereof, whether in written, electronic or other form. In addition, Employee shall
certify to the Company in writing as of the effective date of termination that none of the assets or business records belonging to the Company are in his possession, remain under his control, or have
been transferred to any third person. 

        12.    Effect of Waiver.    The waiver by either party of a breach of any provision of this Agreement shall not
operate or be construed as a waiver of any subsequent breach hereof. No waiver shall be valid unless in writing. 

        13.    Assignment.    This Agreement may not be assigned by either party without the express prior written consent of
the other party hereto, except that the Company may assign this Agreement to any subsidiary or affiliate of the Company, provided that no such assignment shall relieve the Company of its obligations
hereunder without the written consent of Employee. 

        14.    Entire Agreement.    Except for Section 2.b. of the Employment Agreement dated as of November 29,
1999 between Employee and UbiquiTel Holdings, Inc., this Agreement sets forth the entire agreement of the parties hereto and supersedes any and all prior agreements and understandings
concerning Employee's employment by the Company. This Agreement may be changed only by a written document signed by Employee and the Company. 

        15.    Severability.    If any one or more of the provisions, or portions of any provision, of this Agreement shall be
held to be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions or parts hereof shall not in any way be affected or impaired thereby. 

        16.    Governing Law/Jurisdiction.    This Agreement shall be governed by, and construed and enforced in accordance
with, the substantive and procedural laws of the State of Delaware without regard to rules governing conflicts of law. 

        17.    Arbitration.    Any controversy, claim or dispute arising out of or relating to this Agreement or Employee's
employment by the Company, including, but not limited to, common law and statutory 

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claims for discrimination, wrongful discharge, and unpaid wages, shall be resolved by arbitration in Wilmington, Delaware pursuant to then prevailing National Rules for the Resolution of Employment
Disputes of the American Arbitration Association; provided, that nothing in this Section shall be construed as precluding the Company from bringing an action for injunctive or other equitable relief.
The Company may elect to proceed to court without first resorting to arbitration in the event that Employee breaches any provision of the Noncompetition and Confidentiality Agreement. It is the intent
of the Company that, following a Change of Control, Employee not be required to incur any expenses associated with the enforcement of his rights under this Agreement by arbitration, litigation or
other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended to Employee hereunder. Accordingly, the Company shall pay Employee on
demand the amount necessary to reimburse Employee in full for all expenses (including all attorneys' fees and legal expenses) incurred by Employee in enforcing any of the obligations of the Company
under this Section following a Change of Control. 

        18.    Indemnification.    During the Term, Employee shall be entitled to indemnification and insurance coverage for
directors and officers liability, fiduciary liability and other liabilities arising out of Employee's position with the Company in any capacity, in an amount not less than the highest amount available
to any other senior level executive and to the full extent provided by the Company's certificate of incorporation or by-laws, and such coverage and protections, with respect to the various
liabilities as to which Employee has been customarily indemnified prior to termination of employment, shall continue for at least six (6) years following the end of the Term. 

        IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written. 

	 	 	UBIQUITEL INC.
	

 	
 	
By:	

 
	 	 	 	

	 	 	Its:	Chief Financial Officer
	

 	
 	
EMPLOYEE:
	

 	
 	
By:	

 
	 	 	 	

Exhibits:

A—Job Description

B—Noncompetition and Confidentiality Agreement 

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Exhibit A
  
    Job Description Suggested by Employee    
  

        Employee will be President and Chief Executive Officer of the Company and a member of the Board of Directors of the Company. In such capacity, he will have
overall responsibility for the implementation of the Company's business plan (the "Plan") and general authority over the management and supervision of the business and operations of the Company,
subject to control of the Board. He shall also perform such other duties as may be assigned to him by the Board and the By-laws. The Employee's powers and duties will include the
following: 

Approval
of all ordinary course of business matters of the Company unless specifically limited or reserved by the Board; 

In
addition to matters covered by the Plan, approval of any project, or set of related projects, involving total capital expenditures of less than $5,000,000; 

In
addition to matters covered by the Plan, approval of any operating lease obligation, or set of related lease obligations, involving expenditures over the life of the obligation of less than
$5,000,000; 

In
addition to matters covered by the Plan, approval of any commercial contract, or set of related commercial contracts, in the ordinary course of business of the Company for the sale of products of
the Company involving commitments of, or assumption of liabilities by, the Company during the term of such contract(s) less than $5,000,000; 

The
hiring and firing of employees and contractors of the Company, subject to notification and approval of the Board regarding hiring and firing of officers and key employees of the Company; 

Recommendation
of performance goals and awards for employees of the Company other than Employee under the incentive compensation plans of the Company; 

Approval
of individual merit salary increases, excluding those of the Company officers, subject to the Board's approval of overall annual merit salary adjustments. 

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Exhibit B
  
    Noncompetition and Confidentiality Agreement    
  

        In consideration of the employment of Employee, and the compensation, training and access to confidential information provided to Employee, and in consideration
of the terms and conditions contained herein and for other good and valuable consideration, the Company and Employee agree as follows: 

        Business.    The Company is a Sprint PCS affiliate and is in the business of offering, providing, marketing and procuring
customers for commercial mobile radio service, including personal communications service ("PCS") and other wireless and similarly situated voice, radio, telephone, paging and messaging services, and
ancillary services (the "Business"). 

        Confidentiality.    Employee acknowledges and understands that Employee will be given access to certain confidential, secret and
proprietary information and materials owned by the Company or which relate to the Company's Business, including but not limited to, all information not generally known to the public that relates to
the business, technology, subscribers, finances, plans, proposals or practices of the Company, and its includes, without limitation, the identity of all actual and prospective subscribers and
customers, customer lists, files and all information relating to individual customers and subscribers, including their address and phone numbers, all business plans and proposals, all marketing plans
and proposals, all technical plans and proposals, all research and development, all budgets, wage and salary information, and projections, all nonpublic financial information, information on
suppliers, and information on all persons for whom the Company performs services or to whom the Company makes sales during the course of the Company's business, and all other information the Company
designates as "confidential" (hereafter the "Confidential Information"). The Company and Employee each acknowledge and agree that all Confidential Information shall be considered trade secrets of the
Company and shall be entitled to all protections given by law to trade secrets. Employee shall not disclose any Confidential Information, or use it for any purpose, other than in advancing the
business interests of the Company, except as required by law or in any judicial or administrative proceeding. Confidential Information shall apply to every form in which information shall exist,
whether written, film, tape, computer disk or other form of media, including original materials and any copies thereof. 

        Covenant Not to Compete.    Employee agrees that, during the term of Employee's employment, Employee shall not, either directly
or indirectly, with or without compensation, individually or as employee, broker, agent, consultant, contractor, advisor, solicitor, greater than 5% stockholder, trust beneficiary, proprietor,
partner, or person interested in, affiliated with or rendering services to any other entity, engage in, provide, offer to provide, or assist anyone in providing, services to or for a business that
provides wireless telecommunications services similar to those services offered by the Company in any territory in which the Company is a Sprint PCS affiliate. 

        Non-Solicitation of Employees.    Employee further agrees that during the term of Employee's employment and for a
period of one (1) year immediately following the termination of such employment for any reason whatsoever, Employee shall not directly or indirectly induce or attempt to influence any employee
of the Company to terminate his/her employment with the Company or to work for Employee or any other person or entity. 

        Reasonableness of Restrictions.    Employee acknowledges that the restrictions contained in this Agreement are reasonable in
time, scope and geographic restraints, and do not unreasonably restrict Employee's ability to obtain other employment. Employee further warrants that the restrictions do not impose an undue hardship
on Employee, and do not deprive Employee of an ability to earn a living. 

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        Remedies for Breach of Covenants.    In the event of any breach or threatened breach of any of the provisions herein, in
addition to any other rights or remedies available to the Company, the Company shall have the right to seek monetary damages and equitable relief, including specific performance by means of temporary,
preliminary or permanent injunctions against Employee or against Employee's
partners, agents, representatives, servants, employers, employees, family members and/or any and all persons acting directly or indirectly by or with Employee, to prevent or restrain such breach. With
respect to any such equitable actions or proceedings, Employee agrees that no adequate legal remedy exists, and hereby waives any defense that an adequate remedy at law exists and any requirement that
the Company prove damages. Employee agrees that the Company's rights to seek injunctive and other equitable relief shall be and are cumulative and not exclusive and shall be in addition to any other
remedies that the Company may have. 

        Choice of Law; Attorneys' Fees.    This Agreement will be governed by the laws of the State of Delaware. If any action is
necessary to enforce or interpret the terms of this Agreement, each party shall bear such party's own expenses of litigation, including without limitation, attorneys and experts fees and costs, and
any costs of appeal. 

        Business Opportunities.    Employee agrees that he shall promptly disclose to the Company any business opportunity of which
Employee becomes aware during his employment with the Company which relates to any product or services planned, under development, developed, produced or marketed by the Company and which Employee
becomes aware in the course of or as a result of Employee's employment with the Company. Employee agrees that he will not take advantage of or divert any such opportunity for the direct or indirect
gain, profit or benefit of Employee or any other person or entity. 

        Other Restrictions.    Employee warrants that he/she is not subject to any restrictive covenants or other legal disability,
which would prevent Employee from entering into this Agreement and from complying with its provisions to their fullest extent. Employee understands and agrees that Employee is not expected to, and
shall not disclose trade secret or confidential information from any previous employer or any other party. 

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EMPLOYMENT AGREEMENT

Exhibit A Job Description Suggested by Employee

Exhibit B Noncompetition and Confidentiality AgreementQuickLinks
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EXHIBIT 10.29  

        NOTE PURCHASE AGREEMENT  

 AMONG  

 UBIQUITEL OPERATING COMPANY,  

 UBIQUITEL INC.,  

 AND PURCHASERS LISTED ON SIGNATURE PAGES HERETO  

 DATED AS OF FEBRUARY 14, 2003  

 RELATING TO:  

 $15,000,000

UBIQUITEL OPERATING COMPANY'S SENIOR UNSECURED SERIES B NOTES

DUE DECEMBER 31, 2008  

 AND  

 WARRANTS TO PURCHASE UP TO 11,250,000 SHARES OF COMMON STOCK OF

UBIQUITEL INC.  

 

        THIS NOTE PURCHASE AGREEMENT dated as of February 14, 2003 by and among UBIQUITEL OPERATING COMPANY, a
Delaware corporation ("UbiquiTel"), UBIQUITEL INC., a Delaware corporation ("Parent" and,
together with UbiquiTel, each a "Company"), and the parties listed in Schedule I hereto (each a
"Purchaser" and collectively, the "Purchasers"). 

 
 

W I T N E S S E T H:    
  

        In consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows: 

        SECTION
1.    SALE AND PURCHASE OF SERIES B NOTES AND WARRANTS 

        1.1    Sale of Notes and Warrants.    UbiquiTel agrees to sell to the Purchasers Series B Notes in the
aggregate principal amount of $15,000,000 and, subject to the terms and conditions hereof and in reliance upon the representations and warranties of the Companies contained herein or made pursuant
hereto, each Purchaser severally, but not jointly, agrees, subject to Sections 1.4 and 1.5 hereof, to purchase from UbiquiTel on the Closing Date, a Series B Note or Series B Notes in
the principal amount listed opposite such Purchaser's name in Schedule I attached hereto. Parent agrees to sell to the Purchasers Warrants to
purchase 11,250,000 Shares and, subject to the terms and conditions hereof and in reliance upon the representations and warranties of the Companies contained herein or made pursuant hereto, each
Purchaser severally, but not jointly, agrees, subject to Sections 1.4 and 1.5 hereof, to purchase from Parent on the Closing Date Warrants to purchase such number of Shares as is set forth opposite
such Purchaser's name in Schedule I. The aggregate purchase price to be paid to UbiquiTel by the Purchasers for such Series B Notes and
Warrants is $11,250,000. The purchase price to be paid to UbiquiTel by each Purchaser for such Series B Notes and Warrants is set forth opposite such Purchaser's name in  Schedule I attached
hereto ("Purchase Price"). If one or more Purchasers default in their
obligation to purchase Series B Notes on the Closing Date, and, as a result UbiquiTel has insufficient proceeds to fund the Exchange Offer or UbiquiTel elects not to consummate the Exchange
Offer for any reason whatsoever, UbiquiTel and Parent may in their sole discretion decline to sell any Series B Notes or Warrants to the Purchasers and may terminate this Purchase Agreement
without penalty or further obligation to the Purchasers, provided, however, that such termination shall not
relieve the defaulting Purchaser or Purchasers of any liability that they may otherwise have to UbiquiTel and Parent by reason of such default. 

        1.2    Description of Notes and Warrants.    As used herein, "Series B
Notes" means $15,000,000 aggregate principal amount of UbiquiTel's 14% Senior Unsecured Series B Notes Due December 31, 2008 issued pursuant to this Purchase
Agreement. Each Series B Note will be substantially in the form set forth as Exhibit A hereto. The Company and each Purchaser agree that
the information set forth on the face of the form of such Series B Note with respect to the issue price (which represents the price at which the Series B Note would have been issued if
it had been issued separate and apart from the Warrants), original issue discount and yield to maturity is true and correct. Interest on the Series B Notes shall accrue from the Closing Date
and shall be payable semi-annually, in arrears, on the fifteenth day of April and October of each year, commencing October 15, 2005, at the interest rates and in the manner
specified herein and in the form of Series B Note. As used herein, "Warrants" means warrants to purchase in the aggregate up to 11,250,000 shares
of Common Stock issued pursuant to this Purchase Agreement. Each Warrant to be issued to a Purchaser who is a member of the board of directors of Parent
("Director") or an affiliate of a Director shall be substantially in the form set forth as  Exhibit B-1 hereto and each Warrant to be issued to any
other Purchaser (other than a Director or an affiliate of a Director) shall
be substantially in the form set forth as Exhibit B-2 hereto. The Warrants shall be exercisable, beginning on the date provided in
the respective form of Warrant set forth in Exhibit B-1 or  Exhibit B-2 hereto, at an exercise price of $0.01 per share, at any time prior to
December 31, 2008, subject to adjustment as
provided in the form of Warrant. 

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        1.3    Deposits into Escrow.    Pursuant to and in accordance with the Escrow Agreement (i) each Purchaser
shall deliver to Greenberg Traurig, LLP, as Escrow Agent, to hold on behalf of the Companies, by wire transfer of immediately available funds, an amount equal to the Purchase Price (which, together
with interest and other earnings thereon, shall constitute the "Escrow Fund"), and (ii) the Companies shall deliver to Greenberg Traurig, LLP,
Escrow Agent, to hold on behalf of each Purchaser a Series B Note registered in the name of such Purchaser in the form of a single Series B Note in the denomination listed in  Schedule I
hereto or in any Authorized Denomination as agreed to by each Purchaser, and Parent will deliver a Warrant registered in the name of
each Purchaser for the number of Shares listed in Schedule I. Greenberg Traurig, LLP shall hold such deliveries in escrow pursuant to the terms
of the Escrow Agreement attached as Exhibit F. 

        1.4    Reduction of Purchase Price.    Notwithstanding Section 1.1 hereof, if the aggregate Purchase Price
required to fund the Exchange Offer (the "Exchange Offer Funding Amount") at the Closing is less than $11,250,000, the Purchase Price for each
Purchaser, for the purchase of Series B Notes and Warrants, shall be reduced to an amount determined by multiplying the amount of such Purchase Price by a fraction, the numerator of which is
the Exchange Offer Funding Amount and the denominator of which is 11,250,000, in which case the amount of Series B Notes and the number of shares subject to purchase pursuant to the Warrant to
be issued at the Closing shall be adjusted accordingly. Such reduced Purchase Price shall be the "Adjusted Purchase Price". At the Closing,  Schedule I
shall be amended to reflect the Adjusted Purchase Price, amount of Series B Notes, and number of Shares to be issued pursuant
to Warrants, for each Purchaser at the Closing. The difference between the Purchase Price
initially deposited into escrow and the Adjusted Purchase Price disbursed to the Company pursuant to Section 2.2 shall continue to be held in escrow as part of the Escrow Funds. 

        1.5    Post Closing Sales.    

        (a)  During
the period following the Closing and until the Termination Date, if UbiquiTel purchases Subordinated Notes in exchange for Senior Discount Notes and/or cash in
transactions which are not part of the Exchange Offer, in privately negotiated transactions or otherwise, all as contemplated by the Offering Memorandum, the remaining Escrow Funds shall be used by
UbiquiTel to purchase Subordinated Notes, in which case, to the extent so used, the Companies shall issue additional Series B Notes and Warrants (in principal amount and number of shares
subject to purchase thereunder, respectively, corresponding to the amount so used from the Escrow Fund) to each Purchaser in the proportionate amount to which such Purchaser is entitled. 

        (b)  As
of the Termination Date, if and to the extent any Escrow Funds have not been disbursed to purchase Subordinated Notes hereunder pursuant to this Section 1,
each Purchaser shall have the option, exercisable by notice to UbiquiTel prior to the Termination Date, to purchase additional Series B Notes and Warrants in any amount up to such Purchasers'
proportionate share of such undisbursed Escrow Funds. For each Purchaser who exercises such option, the Companies shall issue Series B Notes and Warrants (in principal amount and number of
shares subject to purchase thereunder, respectively, corresponding to the amount subject to the options exercised) to such Purchaser in an amount equal to the amount specified by such Purchaser in
such notice, and shall disburse to such Purchaser any amounts (including interest) remaining in the Escrow Fund to which such Purchaser is entitled. The Companies shall disburse to each Purchaser who
does not exercise such option such amounts (including interest) remaining in the Escrow Fund to which such Purchaser is entitled. The Series B Notes and Warrants purchased pursuant this
Section 1.5(b) shall have a maximum aggregate Purchase Price of $2,000,000, and if Purchasers exercise their options hereunder in an amount that exceeds $2,000,000, such options shall be
proportionately reduced. 

        (c)  Subject
to the limitation set forth in Section 7.9 hereof, the Companies may sell Series B Notes and Warrants to any Purchaser in excess of the amount
listed opposite such Purchaser's name on Schedule I (assuming such Purchaser agrees), or to any other Person who becomes a Purchaser by 

3

 

executing a counterpart of this Purchase Agreement and being listed by the Company on Schedule I, provided that (i) the total principal
amount of Series B Notes purchased hereunder does not exceed $20,000,000, and (ii) the Purchasers are given notice of such purchases. 

        (d)  The
Company and each Purchaser agree that any Series B Note purchased hereunder after the Closing through, and including, the Termination Date shall be issued at
an issue price equal to 95% of the Accreted Value of a Series B Note as at the date of issuance of such Series B Note. 

        SECTION
2.    THE CLOSING    

        2.1    Date and Time of Closing.    The closing of the purchase and sale of the Series B Notes and Warrants
(the "Closing") will take place at the offices of Greenberg Traurig LLP, 1750 Tysons Boulevard, Suite 1200, McLean, Virginia, at 1:00 P.M., local
time, on the date of and contemporaneously with the closing of the Exchange Offer or at such other time on such date as shall be mutually agreed to by the Companies and the Purchasers. Such time and
date are herein referred to as the "Closing Date". 

        2.2    Deliveries at Closing.    On the Closing Date, (i) the Escrow Agent will deliver to each Purchaser from
the escrow the Series B Note and Warrant deposited into escrow issuable for the Adjusted Purchase Price applicable to such Purchaser, and (ii) the Escrow Agent will deliver to UbiquiTel
from the escrow, on behalf of the Purchasers, by wire transfer of immediately available funds, the aggregate of the Adjusted Purchase Price for the Purchasers. 

        2.3    Termination.    If the Closing Date has not occurred on or before the Termination Date, this Purchase Agreement
shall terminate, no party shall have any further obligation to any other party hereunder, and the Escrow Agent shall deliver to the Purchasers by wire transfer of immediately available funds, the
amounts deposited into escrow by the Purchasers and all interest earned thereon, and shall return to the Companies any Series B Notes and Warrants held in escrow. 

        SECTION
3.    DEFINITIONS    

        For
purposes of this Purchase Agreement, the Series B Notes and the Warrants, the following definitions shall apply (such definitions to be equally applicable to both the singular
and plural forms of the terms defined): 

        "Accreted Value" means, for any specified date, the amount set forth on the Accreted Value
Schedule attached hereto as of the last day of the month next preceding such specified date, provided that if any specified date
is not the last day of the month, such amount shall be prorated to include such additional Accreted Value based on the number of days in the month in which the specified date occurs. 

        "Adjusted Purchase Price" has the meaning set forth in Section 1.4 hereof. 

        "Authorized Denomination" with respect to the Series B Notes means a principal amount of at least $100,000, multiplied by the
percentage, if any, of the original principal of the Series B Notes that shall have been prepaid. 

        "Business Day" means any day, other than a Saturday, Sunday or legal holiday, on which banks in Pennsylvania are open for business. 

        "Capital Lease" as applied to any Person, means any lease of any property (whether real, personal or mixed) by that Person as lessee
which, in conformity with GAAP, is accounted for as a capital lease on the balance sheet of that Person. 

        "Capital Lease Obligations" of any Person means all rental obligations under Capital Leases that, under GAAP, are or will be required to
be capitalized on the books of such Person, in each case taken at the amount thereof accounted for as Indebtedness in accordance with such principles. 

4

 

        "Change of Control" means the occurrence of any of the following: (a) the sale, lease, transfer, conveyance or other disposition
(other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of UbiquiTel and its Subsidiaries taken as a whole to any "person"
or "group" (as such terms are used in Section 13(d)(3) of the Securities Exchange Act) (whether or not otherwise in compliance with this Purchase Agreement); (b) the adoption of a plan
relating to the liquidation or dissolution of UbiquiTel; (c) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any
"person" or "group" (as such terms are used in Section 13(d)(3) of the Securities Exchange Act), other than any underwriters in connection with an underwritten public offering, becomes the
"beneficial owner" (as such term is defined in Rule 13d-3 and Rule 13d-5 under the Securities Exchange Act, except that a person or group shall be deemed to have
"beneficial ownership" of all securities that the person or group has the right to acquire, whether the right is currently exercisable or is exercisable only upon the occurrence of a subsequent
condition), directly or indirectly, of more than 50% of the outstanding equity interests entitled to vote in the election for the board of directors of UbiquiTel (measured by voting power rather than
the number of shares); or (d) the first day on which more than a majority of the members of the board of directors of the Company are not Continuing Directors, disregarding for such calculation
any members of the board of directors that have been elected by the holders of any preferred stock of UbiquiTel issued after the Closing Date pursuant to the terms thereof set forth in UbiquiTel's
Certificate of Incorporation or any Certificate of Designations related to such preferred stock. 

        "Change of Control Offer" has the meaning set forth in Section 6.3(a) hereof. 

        "Change of Control Payment" has the meaning set forth in Section 6.3(a) hereof. 

        "Change of Control Payment Date" has the meaning set forth in Section 6.3(b) hereof. 

        "Closing" has the meaning set forth in Section 2.1 hereof. 

        "Closing Date" has the meaning set forth in Section 2.1 hereof. 

        "Code" means the Internal Revenue Code of 1986, as amended, and the regulations and interpretations thereunder. 

        "Commission" means the Securities and Exchange Commission and any other similar or successor agency of the federal government
administering the Securities Act or the Securities Exchange Act. 

        "Common Stock" means the common stock of Parent, par value $0.0005. 

        "Companies" or "Company", as the context requires, means Parent and UbiquiTel, and their
respective successors and assigns. 

        "Continuing Directors" means, as of any date of determination, any member of the Company's Board of Directors who (a) was a member
of the Board of Directors on the Closing Date or (b) was nominated for election to the Board of Directors with the approval of a majority of the Continuing Directors who were members of the
Board of Directors at the time of such nomination or election. 

        "Environmental Lien" has the meaning set forth in Section 7.6(a) hereof. 

        "ERISA" has the meaning set forth in Section 4.9 hereof. 

        "Escrow Fund" has the meaning set forth in Section 1.3 hereof. 

        "Event of Default" has the meaning set forth in Section 14(a) hereof. 

        "Exchange Offer" means an offer to the holders of UbiquiTel's Subordinated Notes to exchange the Subordinated Notes for Senior Discount
Notes and up to $11.25 million in cash derived from the proceeds of the financing to be consummated pursuant to this Purchase Agreement. 

5

 

        "Exchange Offer Funding Amount" has the meaning set forth in Section 1.4 hereof. 

        "GAAP" means generally accepted accounting principles as from time to time in effect, including the statements and interpretations of the
United States Financial Accounting Standards Board. 

        "Guarantee" has the meaning set forth in Section 10.8. 

        "Guarantor" means Parent, each Restricted Subsidiary that executes a Guarantee on the Closing Date, and each other Subsidiary that
subsequently becomes a Guarantor in accordance with Section 9 hereof. 

        "Hazardous Materials" means any pollutant, toxic substance, hazardous waste, material, compound, element or chemical identified as such or
determined to be hazardous or toxic by a governmental agency under the Comprehensive Environmental Response Compensation and Liability Act (CERCLA), 42 U.S.C. 9601 et
seq., the Resource Conservation and Recovery Act (RCRA), 42 U.S.C. 6901 et seq., the Toxic Substances Control Act (TSCA), 15
U.S.C. 2601 et seq., the Water Pollution Control Act (CWA), 33 U.S.C. 1251 et seq., the Clean Air Act
(CAA), 42 U.S.C. 7501 et seq., the Occupational Safety and Health Act (OSHA), 29 U.S.C. 655, and any other federal, state, local or municipal laws,
statutes, ordinances, codes, rules or regulations imposing liability or establishing standards of conduct for environmental protection. 

        "Hedging Obligations" means obligations under interest rate swap agreements, interest rate cap agreements and interest rate collar
agreements or other agreements or arrangements designed to protect against fluctuations in interest rates. 

        "Indebtedness" means, with respect to any specified Person, any indebtedness of such Person, whether or not contingent, in respect of
(a) borrowed money; (b) evidenced by bonds, notes, debentures or similar instruments or letters of credit, or reimbursement agreements in respect thereof; (c) banker's
acceptances; (d) representing Capital Lease Obligations; (e) the balance deferred and unpaid of the purchase price of any property, except any such balance that constitutes an accrued
expense or trade payable; or (f) representing any Hedging Obligations; if and to the extent any of the preceding, other than letters of credit and Hedging Obligations, would appear as a
liability upon a balance sheet of the specified Person prepared in accordance with GAAP; provided,  however, that Indebtedness representing
the Senior Discount Notes shall be calculated without giving effect to the application of Statement of Financial Accounting Standards No. 15 as it relates specifically to the Senior Discount
Notes; and provided, further, the amount of any Indebtedness outstanding as of any date shall be
(1) the accreted value thereof, in the case of any Indebtedness issued with original issue discount; and (2) the principal amount thereof, in the case of any other Indebtedness. In
addition, the term "Indebtedness" includes all Indebtedness of others secured by a Lien on any asset of the specified Person, whether or not such Indebtedness is assumed by the specified Person and,
to the extent not otherwise included, the guarantee by such Person of any Indebtedness of any other Person. 

        "Intellectual Property Rights" means all intellectual property rights in the United States, including without limitation, patents, patent
applications, patent rights, trademarks, trademark applications, trade names, service marks, service mark applications, copyrights, copyright applications, know-how, trade secrets,
inventions, proprietary processes and formulae. 

        "Lien" means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), or preference,
priority or other security interest of any kind or nature whatsoever (including, without limitation, any conditional sale or other title retention agreement, any financing lease having substantially
the same effect as any of the foregoing, any assignment or other conveyance of any right to receive income and any assignment of receivables with recourse against the assignor), any filing of a
financing statement as debtor under the Uniform Commercial Code or any similar statute and any agreement to give or make any of the foregoing. 

6

 

        "Majority Series B Noteholders" means the holder or holders, at the time, of at least a majority of the aggregate principal amount
of the Series B Notes then outstanding. 

        "Material Adverse Effect" means a material adverse effect on the assets, properties, liabilities, business, results of operations or
financial condition of Parent and its Subsidiaries on a consolidated basis, excluding economic factors affecting the national economy generally or the industry in which the Companies compete
generally. 

        "Material Contracts" means all contracts and agreements of the Companies and any of their Subsidiaries which are required to be included
in Parent's SEC Filings by Item 601(b)(10) of Regulation S-K promulgated by the Commission or which have been filed with Parent's SEC Filings. 

        "Offer Amount" has the meaning set forth in Section 6.3(c) hereof. 

        "Offering Memorandum" means the confidential offering memorandum of UbiquiTel dated January 23, 2003, as the same may be amended or
supplemented, relating to the Exchange Offer. 

        "Offer Period" has the meaning set forth in Section 6.3(c) hereof. 

        "Outstanding" or "outstanding" means, when used with reference to the Series B
Notes as of a particular time, all Series B Notes theretofore duly issued except (i) Series B Notes theretofore reported as lost, stolen, mutilated or destroyed or surrendered for
transfer, exchange or replacement, in respect of which new or replacement Series B Notes have been issued by UbiquiTel, (ii) Series B Notes theretofore paid in full and
(iii) Series B Notes theretofore canceled by UbiquiTel; except that for the purpose of determining whether holders of the requisite principal amount of Series B Notes have made or
concurred in any declaration, waiver, consent, approval, notice, annulment of acceleration or other communication under this Purchase Agreement or under any Series B Notes, Series B
Notes registered in the name of, as well as Series B Notes owned beneficially by, Parent or any Subsidiary shall not be deemed to be outstanding. 

        "Parent" has the meaning ascribed thereto in the introductory paragraph of this Purchase Agreement. 

        "Parent's SEC Filings" means all required notifications, reports, schedules, forms, statements and other documents required to be filed by
Parent with the SEC under the Securities Exchange Act since December 31, 2001 (including all exhibits and schedules thereto, but not including any information set forth in Item 9 of Current
Reports on Form 8-K). 

        "Permitted Liens" means, (a) Liens on the assets of the Companies and Subsidiaries of the Companies securing Indebtedness and other
obligations under the Senior Credit Facility; (b) Liens in favor of UbiquiTel or any Guarantor; (c) Liens on property of a Person existing at the time such Person is merged with or into
or consolidated with UbiquiTel or any Guarantor; provided that such Liens were in existence prior to the contemplation of such merger or consolidation and do not extend to any assets other than those
of the Person merged into or consolidated with UbiquiTel or the Guarantor; (d) Liens on property existing at the time of acquisition thereof by UbiquiTel or any Guarantor, provided that such
Liens were in existence prior to the contemplation of such acquisition; (e) Liens and deposits made to secure the performance of statutory obligations, surety or appeal bonds, performance bonds
or other obligations of a like nature incurred in the ordinary course of business; (f) Liens securing Indebtedness of UbiquiTel or any Guarantor represented by Capital Lease Obligations,
mortgage financings or purchase money obligations, in each case, incurred for the purpose of leasing or financing all or any part of the purchase price or cost of construction or improvement of
inventory, property, plant or equipment used in its business in an aggregate principal amount not in excess of $5.0 million at any time outstanding; (g) Liens existing on the Closing
Date; (h) Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being contested in good faith by appropriate proceedings promptly instituted and
diligently concluded, 

7

 

provided that any reserve or other appropriate provision as shall be required in conformity with GAAP shall have been made therefor; (i) Liens for security for payment of workers' compensation
or other insurance or arising under workers' compensation laws or similar legislation; (j) Liens relating to zoning restrictions, easements, licenses, reservations, title defects, rights of
others for rights of way, utilities, sewers, electric lines, telephone or telegraph lines, and other similar purposes, provisions, covenants, conditions, waivers, restrictions on the use of property
or irregularities of title and, with respect to leasehold interests, mortgages, obligations, liens and other encumbrances incurred, created, assumed or permitted to exist and arising by, through or
under a landlord or owner of the leased property, with or without consent of the lessee, none of which materially impairs the use of any parcel of property material to the operation of UbiquiTel's or
its Guarantors' business or the value of such property for the purpose of such business; (k) Liens arising by operation of law in favor of landlords, carriers, warehousemen, bankers, mechanics,
materialmen, laborers, employees or suppliers, incurred in the ordinary course of business for sums which are not yet delinquent or are being contested in good faith by negotiations or by appropriate
proceedings which suspend the collection thereof; (l) Liens arising from leases, subleases, licenses or other similar rights granted to third Persons not interfering with the ordinary course of
UbiquiTel's or its Guarantors' business; (m) any Lien securing reimbursement obligations with respect to letters of credit that encumber documents and other property relating to such letters of
credit; and (n) Liens incurred in the ordinary course of business of UbiquiTel or any Guarantor with respect to obligations that do not exceed $5.0 million at any one time outstanding. 

        "Person" or "person" means an individual, corporation, limited liability company,
partnership, firm, association, joint venture, trust, unincorporated organization, government, governmental body, agency, political subdivision or other entity. 

        "Proposed Repayment Amount" has the meaning set forth in Section 7.11 hereof. 

        "Purchase Agreement" means this Note Purchase Agreement (together with exhibits and schedules) as from time to time supplemented or
amended or as the terms hereof may be waived. 

        "Purchase Date" has the meaning set forth in Section 6.3(c) hereof. 

8

   
        "Purchase Price" has the meaning set forth in Section 1.1 hereof. 

        "Purchaser(s)" means the parties listed in Schedule I hereto, any additional
Persons who become Purchasers pursuant to Section 1.5(c), and their successors and assigns. 

        "Registration Rights Agreement" means an agreement among Parent and the Purchasers of even date herewith providing for certain
registration rights of Purchasers with respect to the Shares issued upon the exercise of their Warrants substantially in the form set forth in  Exhibit C attached hereto. 

        "Restricted Subsidiary" means each of VIA Holding Inc., a California corporation, VIA Wireless LLC, a California limited liability
company, and VIA Building, LLC, a Nevada limited liability company. 

        "Rule 144" means (i) Rule 144 under the Securities Act as such Rule is in effect from time to time, and
(ii) any successor rule, regulation or law, as in effect from time to time. 

        "Rule 144A" means (i) Rule 144A under the Securities Act as such Rule is in effect from time to time, and
(ii) any successor rule, regulation or law, as in effect from time to time. 

        "Securities Act" means the Securities Act of 1933, as amended from time to time, and the rules, regulations and interpretations
thereunder. 

        "Securities Exchange Act" means the Securities Exchange Act of 1934, as amended from time to time, and the rules, regulations and
interpretations thereunder. 

        "Senior Credit Facility" means the senior credit facility dated March 31, 2000, as amended from time to time, among the lenders
party thereto in their capacities as lenders thereunder and Paribas, as Administrative Agent, together with the related documents thereto (including, without limitation, any guarantee agreements and
security documents), in each case as such agreements or documents may
have been or may be further amended, supplemented or otherwise modified from time to time by reason of any consent or waiver or otherwise, including any agreement extending the maturity of,
refinancing, replacing or otherwise restructuring (including without limitation, increasing the amount of available borrowings thereunder or adding Subsidiaries of the Company as additional borrowers
or guarantors thereunder) all or any portion of the Indebtedness under such agreement or any successor or replacement agreement and whether by the same or any other agent, lender or group of lenders. 

        "Senior Discount Notes" means the 14% Senior Discount Notes due May 15, 2010 to be issued by UbiquiTel pursuant to the Senior
Discount Notes Indenture. 

        "Senior Discount Notes Indenture" means the indenture to be entered into contemporaneously with the consummation of the Exchange Offer
among UbiquiTel, the guarantors named therein, and The Bank of New York, as trustee, together with the related documents thereto, in each case as such indenture or documents may be amended,
supplemented or otherwise modified from time to time by reason of any consent or waiver or otherwise. 

        "Senior Indebtedness" means the Indebtedness of the Companies under the Senior Credit Facility, the Series B Notes and the Senior
Discount Notes and any other Indebtedness incurred by the Company that specifically provides that such Indebtedness is to rank pari passu with the
Senior Credit Facility, the Series B Notes and the Senior Discount Notes in right of payment and is not subordinated by its terms in right of payment to any Indebtedness of the Company. 

        "Series B Indebtedness" means (i) the principal of, and interest arising with respect to, the Series B Notes, and
(ii) all other obligations of either Company arising out of or in connection with this Purchase Agreement or the Series B Notes or any other documents relating to the Series B
Notes or this Purchase Agreement. 

        "Series B Note" or "Series B Notes" has the meaning set forth in
Section 1.2 hereof. 

9

 

        "Share" or "Shares" means the shares of Common Stock obtained or obtainable upon exercise
of the Warrants and shall also include any capital stock or other securities into which such shares of Common Stock are changed and any capital stock or other securities resulting from or comprising a
reclassification, combination or subdivision of, or a stock dividend on, such Shares. 

        "Subordinated Notes" means the 14% Senior Subordinated Notes Due 2010 issued by UbiquiTel pursuant to the Subordinated Notes Indenture. 

        "Subordinated Notes Indenture" means the indenture dated as of April 11, 2000, as supplemented, among UbiquiTel, the guarantors
named therein, and American Stock Transfer & Trust Company, as trustee, together with the related documents thereto, in each case as such indenture or documents may have been or may be further
amended, supplemented or otherwise modified from time to time by reason of any consent or waiver or otherwise. 

        "Subsidiary" means any corporation, limited liability company, association or other entity (i) in which more than 50% of any shares
of stock or other equity interests are owned directly or indirectly by Parent, or (ii) over which Parent has effective control by virtue of control of a majority of the board of directors or
similar governing body of such corporation, limited liability company, association or other entity or otherwise. 

        "Termination Date" means April 15, 2003, or such other date as may be agreed upon by all of the parties to this Purchase Agreement. 

        "Transaction Documents" means this Purchase Agreement, the Series B Notes, the Warrants, the Registration Rights Agreement, the
Escrow Agreement, and the Guarantee. 

        "UbiquiTel" has the meaning ascribed thereto in the introductory paragraph of this Purchase Agreement. 

        "Warrants" has the meaning set forth in Section 1.2 hereof. 

        SECTION
4. REPRESENTATIONS AND WARRANTIES OF THE COMPANIES 

        Each
of the Companies represents and warrants to the Purchaser as follows as of the date hereof and as of the Closing Date: 

        4.1    Corporate Existence, Power and Authority.    

        (a)  Each
Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Each Company is duly qualified, licensed and
authorized to do business and is in good standing in each jurisdiction in which it owns or leases any material property or in which the
conduct of its business requires it to so qualify or be so licensed, except for such jurisdictions where the failure to so qualify or be so licensed would not have a Material Adverse Effect. 

        (b)  No
proceeding has been commenced looking toward the dissolution or merger of either Company or the amendment of its respective certificate of incorporation. Neither
Company is in violation in any respect of its certificate of incorporation or bylaws. 

        (c)  Each
Company has all requisite corporate power, authority and legal right to own or to hold under lease and to operate the properties it owns or holds and to conduct its
business as now being conducted. 

        (d)  Each
Company has all requisite power, authority and legal right to execute, deliver, enter into, consummate and perform this Purchase Agreement, the Series B
Notes and the Warrants, including, without limitation, the issuance by UbiquiTel of the Series B Notes and the issuance by Parent of the Warrants and the Shares as contemplated herein and
therein. The execution, delivery and performance of this Purchase Agreement, the Series B Notes and the Warrants by each Company (including, without limitation, the issuance by UbiquiTel of the
Series B Notes and the issuance by Parent of the Warrants 

10

 

and the reservation and issuance of the Shares as contemplated herein and therein) have been duly authorized by all required corporate actions. Each Company and each Subsidiary has duly executed and
delivered this Purchase Agreement and the other Transaction Documents to which it is a party. This Purchase Agreement constitutes, and the Series B Notes, the Guarantee and the Warrants when
issued will constitute, the legal, valid and binding obligations of the Company or Subsidiary which is a party thereto, enforceable in accordance with their respective terms, subject to bankruptcy,
insolvency, reorganization, moratorium and other similar laws relating to the rights of creditors generally. The Shares when issued will be duly authorized, validly issued, fully paid and
non-assessable and not subject to preemptive or any other similar rights of the shareholders of the Company or others. 

        4.2    Capitalization.    

        (a)  UbiquiTel
and Parent have the following outstanding capital stock: 

        The
authorized capital stock of UbiquiTel consists of 10,000 shares of common stock, par value $0.01 per share; 1,000 shares of such stock are issued and outstanding as of
February 14, 2003, and all of such stock is owned beneficially and of record by Parent. All of the issued and outstanding shares of common stock of UbiquiTel have been duly authorized and
validly issued, are fully paid and nonassessable and are free and clear of any preemptive rights. 

        The
authorized capital stock of Parent consists of (i) 240,000,000 shares of Common Stock, of which 81,590,534 shares were issued and outstanding as of February 14, 2003,
and (ii) 10,000,000 shares of preferred stock, par value $0.001 per share, of which no shares were issued and outstanding as of February 14, 2003. All of the issued and outstanding
shares of Common Stock of Parent have been duly authorized and validly issued, are fully paid and nonassessable and are free and clear of any preemptive rights. 

        (b)  Except
as set forth in Schedule II attached hereto, there are no (i) outstanding preemptive, conversion or
other rights; (ii) options, warrants or agreements granted by, issued by, or binding upon, Parent or UbiquiTel for the issuance, sale, purchase, repurchase, redemption, acquisition or other
transfer of their securities; or (iii) agreements, restrictions or encumbrances (such as a right of first refusal, right of first offer, proxy, voting agreement, etc.) to which either Company
or any Subsidiary is a party with respect to the acquisition, sale, voting, registration or transfer of any shares of capital stock of either Company (whether outstanding or issuable upon conversion
or exercise of outstanding securities). 

        4.3    Subsidiaries.    Schedule III attached hereto lists all
of the Subsidiaries of the Companies. All the outstanding shares of capital stock of, or other equity and ownership interests in, each such Subsidiary have been validly issued, are fully paid and
nonassessable and are owned directly or indirectly by Parent, free and clear of all pledges, claims, Liens, charges, encumbrances and security interests of any kind or nature whatsoever, except for
the Permitted Liens. Each Subsidiary is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of its state of incorporation or organization.
Each Subsidiary is duly qualified, licensed and authorized to do business and is in good standing in each jurisdiction in which it owns or leases any material property or in which the conduct of its
business requires it to so qualify or be so licensed, except for such jurisdictions where the failure to so qualify or be so licensed would not have a Material Adverse Effect. 

        4.4    No Defaults or Conflicts.    

        (a)  No
Event of Default has occurred and is continuing. 

        (b)  Neither
Company is in violation or default under any (i) Material Contract in any material respect, or (ii) other indenture, agreement or instrument to
which it is a party or by which it or its 

11

 

properties may be bound the violation of which or default under which would have a Material Adverse Effect. 

        (c)  The
execution, delivery and performance by each Company of this Purchase Agreement, the Series B Notes, the Warrants and any of the transactions contemplated
hereby (including, without limitation, the consummation of the Exchange Offer and the issuance of the Series B Notes, the Warrants and the Shares as contemplated herein and therein) does not
and will not (i) violate or conflict with, with or
without the giving of notice or the passage of time or both, any provision of (A) the respective certificates of incorporation and bylaws of either Company (or similar governing documents) or
(B) assuming the consent of the required lenders under the Senior Credit Facility is obtained, in any material respect, any law, rule, regulation, order, judgment, writ, injunction, decree,
agreement, indenture or other instrument applicable to the Companies or any of their respective properties, (ii) result in the creation of any Lien upon any of either Company's properties,
assets or revenues, (iii) except as required pursuant to the Senior Credit Facility and subject to compliance by the Purchasers with the representations and warranties set forth in
Section 5(b) hereof, require the consent, waiver, approval, order or authorization of, or declaration, registration, qualification or filing with, any Person (whether or not a governmental
authority), (iv) cause antidilution clauses of any outstanding securities to become operative or give rise to any preemptive or similar rights, or (v) require shareholder approval under
the requirements or standards of any securities exchange or automated quotation system on which Parent's securities may be listed, except that the Warrants, to the extent issued to any director of
Parent, may not vest or become excercisable until approved by a vote of Parent's shareholders. 

        4.5    Reports and Financial Statements.    

        (a)  Parent
has filed all required Parent's SEC Filings. As of its filing date (or, if amended or superseded by a filing prior to the date hereof, on the date of such
filing), each Parent's SEC Filing filed pursuant to the Securities Exchange Act did not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make
the statements made therein not misleading. Each of the financial statements (including the related notes) included in Parent's SEC Filings presents fairly, in all material respects, the consolidated
financial position and consolidated results of operations and cash flows of Parent and its consolidated Subsidiaries as of the respective dates or for the respective periods set forth therein, all in
conformity with GAAP consistently applied during the periods and at the respective dates involved except as otherwise noted therein, and subject, in the case of the unaudited interim financial
statements, to the absence of notes and normal year-end adjustments. No investigation by the Commission is currently pending with respect to any of Parent's SEC Filings or any of the
Companies' activities. 

        (b)  Except
as disclosed in Parent's SEC Filings, Parent and UbiquiTel have not incurred any liabilities, other than (A) liabilities incurred in the ordinary course of
business, (B) liabilities for taxes, or (C) liabilities that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. All liability reserves
established by the Companies and each of their Subsidiaries are reasonably believed by the Companies to be adequate. There are no loss contingencies (as such term is used in Statement of Financial
Accounting Standards No. 5) which are not adequately provided for in the financial statements referenced in Section 4.5(a), above, as of the respective dates thereof. 

        4.6    Litigation.    Except as disclosed in Parent's SEC Filings, there is no action, suit, proceeding, investigation
or claim pending or, to Parent's knowledge, threatened in law, equity or otherwise before any court, administrative agency or arbitrator, which either (i) questions the validity of this
Purchase Agreement, the Series B Notes, the Warrants, the Shares, or the Exchange Offer, or any action taken or to be taken pursuant hereto or thereto, or (ii) would be required to be
disclosed in Parent's SEC Filings under the Securities Exchange Act. 

12

 

        4.7    Absence of Changes.    Except as disclosed in Parent's SEC Filings or as set forth on Schedule IV
attached hereto, since September 30, 2002, there has not been: 

        (a)  any
Material Adverse Effect; 

        (b)  any
agreement to incur any Indebtedness, other than with respect to the Exchange Offer or in the ordinary course of business; 

        (c)  any
asset or property of the Companies made subject to a Lien of any kind, other than Permitted Liens; 

        (d)  any
waiver of any material right of the Companies or the cancellation of any material Indebtedness or claim held by the Companies; 

        (e)  any
declaration or payment of dividends on, or other distributions with respect to, or any direct or indirect redemption or acquisition of, any shares of the capital
stock of the Companies, or any agreement or commitment therefor; 

        (f)    any
mortgage or pledge (other than a Permitted Lien), or any sale, assignment or transfer of any tangible or intangible material assets of the Companies (except for
sales in the ordinary course of business); 

        (g)  any
loan or advance or guarantee of Indebtedness by the Companies to any Person in excess of $100,000 or any agreement or commitment therefor; 

        (h)  any
damage, destruction or loss (whether or not covered by insurance), other than ordinary wear and tear, that would have a Material Adverse Effect; 

        (i)    any
material change in the accounting methods or practices followed by the Companies; or 

        (j)    any
modification or termination of any Material Contract, or any execution by the Company of a new Material Contract, which could reasonably be expected to have a
Material Adverse Effect other than as disclosed in Parent's SEC Filings. 

        4.8    Taxes.    Each Company has filed all necessary federal and state income and franchise tax returns and has paid
all taxes shown by such returns, which are due and payable, and any related or similar assessment, fine or penalty, except as such tax, assessment, fine or penalty may be or is being contested in good
faith, and all of the foregoing returns are true, correct and complete in all material respects. All federal, state, local and foreign income, profits, franchise, sales, use, occupation, property,
excise, payroll, withholding and other taxes (including interest and penalties) required to have been paid or accrued by the Companies and their Subsidiaries have been fully paid or are adequately
provided for in their financial statements, other than those being contested in good faith by appropriate proceedings and for which reserves, if any, required by GAAP, have been established on their
financial statements. No material issues have been raised (and are currently pending) by the Internal Revenue Service or any other taxing authority in connection with any of the returns and reports
referred to above, and no waivers of statutes of limitations have been given or requested with respect to the Companies or any of their Subsidiaries. Neither Company has any material liabilities for
taxes other than those incurred in the ordinary course of business and in respect of which adequate reserves are being maintained by it in accordance with GAAP consistently applied. 

        4.9    ERISA.    Each Company is in compliance in all material respects with all applicable provisions of the Employee
Retirement Income Security Act of 1974, as amended, and the regulations and interpretations thereunder (collectively "ERISA"). Neither Company has
engaged in any "prohibited transaction" which would subject it to a tax or penalty on prohibited transactions imposed by ERISA or by the Code that could
reasonably be expected to have a Material Adverse Effect. With respect to each such plan (other than any multi-employer plan) that is intended to meet the qualification requirements of
Section 401(a) of ERISA, all material amendments have been adopted and all other material steps 

13

 

have been taken that are required to have been adopted or taken as of the date hereof in order to maintain the continuing qualified status of such plan, and the continuing exemption of any trust
funding or forming part of such plan, from the date of establishment of such plan to the date hereof. No liability to the Pension Benefit Guaranty Corporation has been or is expected to be incurred
with respect to any such plan. There has been no "reportable event", as defined in ERISA, with respect to any such plan, and no event or condition
exists which presents a material risk of termination of any such plan by the Pension Benefit Guaranty Corporation. 

        4.10    Intellectual Property Rights.    Each of the Companies and their Subsidiaries owns or is licensed to use all
Intellectual Property Rights necessary for the conduct of its business as currently conducted. To the Companies' knowledge, neither the Companies nor their Subsidiaries have violated or infringed, and
are not currently violating or infringing, and the Companies and their Subsidiaries have not received any written communications alleging that the Companies (or any of their Subsidiaries, employees or
consultants) have violated or infringed or, by conducting its business as presently proposed to be conducted, would violate or infringe, the Intellectual Property Rights of any other person or entity.
To
the knowledge of the Companies, no person is infringing on or violating the Intellectual Property Rights owned by the Companies or their Subsidiaries. 

        4.11    Material Contracts.    Parent has filed all Material Contracts with the Commission. Neither the Companies,
their Subsidiaries, nor, to the Companies' knowledge, any other party, is in default in any material respect under any of the Material Contracts. 

        4.12    Legal Compliance.    

        (a)  Each
Company has complied with all applicable laws, rules, regulations, orders, licenses, judgments, writs, injunctions, decrees or demands, except to the extent that
failure to comply would not have a Material Adverse Effect. The Company does not hold any licenses issued by the Federal Communications Commission for personal communications services that are used in
the conduct of its business. 

        (b)  There
are no adverse orders, judgments, writs, injunctions, decrees or demands of any court or administrative body, domestic or foreign, or of any other governmental
agency or instrumentality, domestic or foreign, outstanding against either Company. 

14

   
        4.13    Environmental Compliance.    

        (a)  To
the best of the Companies' knowledge, there is no Hazardous Material about or in, in material violation of law, any real property owned by either Company. 

        (b)  Neither
Company has: 

        (i)    used,
installed, stored, spilled, released, transported, disposed of or discharged any Hazardous Material upon, into, beneath, from or affecting such real property owned
by the Companies in violation of applicable law, or 

        (ii)  received
any written notice, citation, subpoena, summons, complaint or communication from any Person with respect to the presence of Hazardous Material in any real
property owned by the Companies alleging facts which, if true, would result in a liability or obligation on the part of the Company that would have a Material Adverse Effect, nor has either Company
received such a communication claiming the presence of Hazardous Material on real property on which the Company leases or operates tower sites alleging facts which, if true, would result in a
liability or obligation on the part of the Company that would have a Material Adverse Effect. 

        4.14    Offering of Series B Notes and Warrants.    Neither Company nor any agent or other Person acting on
its behalf has, directly or indirectly, (i) offered any of the Series B Notes, Warrants or Shares (A) by any form of general solicitation or general advertising (within the
meaning of Regulation D under the Securities Act) or (B) for sale to or solicited offers to buy any thereof from, or otherwise approached or negotiated with respect thereto with, any
Person other than the Purchasers and certain investors each of which either Company reasonably believed was an "accredited investor" within the meaning of Regulation D under the Securities Act
or (ii) done or caused to be done (or has omitted to do or to cause to be done) any act which act (or which omission) would result in bringing the issuance or sale of the Series B Notes,
Warrants or Shares within the provisions of Section 5 of the Securities Act. 

        4.15    Disclosure.    This Purchase Agreement, including the schedules and exhibits attached hereto, when taken as a
whole, does not contain any untrue statement of a material fact, and, when taken as a whole, does not omit to state a material fact necessary in order to make the statements contained
herein or therein not misleading. Other than general business, economic, and industry conditions, there is no fact known to the Companies which would have a Material Adverse Effect which has not been
set forth in this Purchase Agreement or in Parent's SEC Filings. 

        SECTION
5.    REPRESENTATIONS AND COVENANTS OF THE PURCHASERS 

        Each
Purchaser hereby makes the representations and warranties, as to such Purchaser only, to the Companies as follows as of the date hereof and as of the Closing Date: 

        (a)  Such
Purchaser has all requisite power, authority and legal right to execute, deliver, enter into, consummate and perform this Purchase Agreement. The execution,
delivery and performance of this Purchase Agreement by such Purchaser have been duly authorized by all required corporate or similar actions. Such Purchaser has duly executed and delivered this
Purchase Agreement, and this Purchase Agreement constitutes the legal, valid and binding obligation of the Purchaser, enforceable against such Purchaser in accordance with its terms, subject to
bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to the rights of creditors generally. 

	(b)
	(i)    Such
Purchaser is an "accredited investor" as that term is defined in Rule 501(a) under the Securities Act. In particular, and without limitation: 

        (1)  if
the Purchaser is a natural person, the Purchaser either has (a) an individual net worth or joint net worth with his or her spouse of more than $1,000,000, or
(b) had 

15

 

an individual income of more than $200,000 in each of the two most recent years or joint income with his or her spouse in excess of $300,000 in each of those years and has a reasonable expectation of
reaching the same income level in the current year; and 

        (2)  if
the Purchaser is a corporation, partnership, trust or other entity, it has total assets in excess of $5,000,000 and it was not formed or recapitalized for the
specific purpose of acquiring the Series B Notes, the Warrants and the Shares. 

        (ii)  Such
Purchaser has the requisite knowledge and experience in financial and business matters in general and investments in particular, so that it is able to evaluate the
merits and risks of an investment in the Series B Notes, the Warrants and the Shares and to make an informed decision to do so. 

        (iii)  Such
Purchaser has been given the opportunity to ask questions of, and receive satisfactory answers from, the Companies and their agents and representatives concerning
the terms and conditions of the offer and sale of the Series B Notes, the Warrants and the Shares, and the Companies and their business, financial condition and prospects as such Purchaser has
determined to be necessary in order to evaluate its investment in the Series B Notes, the Warrants and the Shares and it has availed itself of this opportunity to the full extent desired. 

        (iv)  Such
Purchaser understands that an investment in the Series B Notes, the Warrants and the Shares involves certain risks and having taken full cognizance thereof,
it understands such risks, including those set forth in the Parent's SEC Filings. 

        (v)  Such
Purchaser understands that neither the Series B Notes, the Warrants or the Shares have been registered under the Securities Act, or any applicable state
securities laws, and agrees that such securities may not be sold, offered for sale, transferred, pledged, hypothecated or otherwise disposed of except in compliance with the Securities Act or any
applicable state securities laws. 

        (vi)  Such
Purchaser understands that no federal or state agency has made any finding or determination as to the merits or fairness of the investment in, or any
recommendation or endorsement of, the Series B Notes, the Warrants and the Shares. 

        (vii) Such
Purchaser is acquiring the Series B Notes, the Warrants and the Shares solely for its own account, for investment purposes and not with a view to or for
subdivision, distribution or resale in connection with any distribution of all or any portion of such securities. 

        (viii)  Such
Purchaser has no need for liquidity in this investment, has the ability to bear the economic risk of this investment, and at the present time and
in the foreseeable future can afford a complete loss of this investment. 

        (ix)  Such
Purchaser understands that the Series B Notes, the Warrants and the Shares are being offered and sold in reliance on specific exemptions from the
registration requirements of the Securities Act and applicable state securities laws and that the Companies are relying on the truth and accuracy of the foregoing representations, warranties,
agreements, undertakings and acknowledgments of such Purchaser in determining the availability of such exemptions and the suitability of the Purchaser to acquire the Series B Notes, the
Warrants and the Shares. 

        SECTION
6.    PREPAYMENTS; REPAYMENTS; OFFER TO REPURCHASE 

        6.1    Optional Prepayments.    

        (a)  Subject
to the other provisions of this Section 6.1, (i) at any time on or after the Closing Date and prior to April 15, 2005, UbiquiTel may, as of
the last day of any month, prepay all or 

16

 

part of the outstanding Series B Notes at a price equal to the Accreted Value of the Series B Notes to be prepaid, and (ii) at any time on or after April 15, 2005,
UbiquiTel may prepay all or part of the principal amount of the outstanding Series B Notes at a price equal to the aggregate principal amount of the Series B Notes to be prepaid, plus
all accrued and unpaid interest on the principal amount of the Series B Notes to be prepaid. 

        (b)  The
right of UbiquiTel to prepay Series B Notes pursuant to this Section 6.1 shall be conditioned upon its giving notice of prepayment to the holders of
Series B Notes not less than fifteen (15) days and not more than sixty (60) days prior to the date upon which the prepayment is to be made specifying (i) the registered
holder of each Series B Note to be prepaid, (ii) the aggregate Accreted Value or principal amount, as applicable, being prepaid, (iii) the date of such prepayment, and
(iv) the accrued and unpaid interest (to but not including the date upon which the prepayment is to be made), if any; provided, however, in order
for such notice to be effective and to be deemed given, it must include a statement from UbiquiTel that either no consents from any holders of any other Senior Indebtedness or other Indebtedness are
necessary for any such prepayment or all necessary consents have been obtained and without such statement such notice shall not be effective and shall not be deemed to be given and UbiquiTel may not
prepay the Series B Notes in accordance with such notice under this Section 6.1, and neither any such statement nor this proviso shall, in and of itself, impose any obligation or
liability on any holder of Series B Notes relative to any holder of other Senior Indebtedness. Notice of prepayment under this Section 6.1 having been so given, the aggregate principal
amount of the Series B Notes so specified in such notice and all accrued and unpaid interest thereon, shall all become due and payable on the specified prepayment date. 

        (c)  If
any prepayment under this Section 6.1 does not repay in full the aggregate Accreted Value or the aggregate principal amount, as applicable, of all
Series B Notes then outstanding, then the aggregate amount of such prepayment of the Accreted Value or principal amount, as applicable, of Series B Notes shall be allocated among all
Series B Notes at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts of such Series B Notes. 

        6.2    Miscellaneous.    

        (a)  Nothing
in this Section 6 shall in any way limit or affect the rights or remedies of a holder of Series B Notes, or the covenants and obligations of the
Companies, whether under Section 7 or 14 or any other provision of this Purchase Agreement. 

        (b)  If
any prepayment (or repayment) date under this Section 6 is not a Business Day, such prepayment (or repayment) shall be made on the next succeeding Business
Day. 

        (c)  Neither
Company nor any Subsidiary shall repurchase any outstanding Series B Notes unless either of the Companies either (i) offers to purchase all then
outstanding Series B Notes or (ii) offers to purchase Series B Notes from the holders in proportion to the respective unpaid principal amount of Series B Notes held by each
holder. In any such repurchase by a Company, if all Series B Notes are not being repurchased, then the amount of Series B Notes to be repurchased shall be allocated among all
Series B Notes held by holders which accept such Company's repurchase offer so that the Series B Notes are repurchased from such holders in proportion to the respective unpaid principal
amount of Series B Notes held by each such holder which accepts such Company's offer (or in such other proportion as agreed by all such holders who accept such Company's offer). Nothing in this
Section 6.2(c) shall (i) obligate a holder of Series B Notes to accept a Company's repurchase offer or (ii) prevent such Company from prepaying Series B Notes in
accordance with the terms of (and this Section 6.2(c) shall not apply to) Section 6.1 of this Purchase Agreement. 

17

 

        6.3    Offer to Repurchase Upon a Change of Control.    

        (a)  If
a Change of Control occurs, UbiquiTel shall make an offer (a "Change of Control Offer") to each Holder to repurchase
all or any part, equal to $1,000 or an integral multiple of $1,000, of the Holder's Series B Notes at an offer price in cash equal to (i) the Accreted Value of the Series B Notes
to the date fixed for repurchase, if the repurchase occurs prior to April 15, 2005 or (ii) the aggregate principal amount of the Series B Notes, plus accrued and unpaid interest
thereon, if any, to the date fixed for repurchase, if the repurchase occurs on or after April 15, 2005 (the "Change of Control Payment"). 

        (b)  Within
30 Business Days following a Change of Control, UbiquiTel shall mail a notice to each Holder describing the transaction or transactions that constitute the Change
of Control and offering to repurchase the Series B Notes on the date specified in the notice, which date shall be no earlier than 30 days and no later than 60 days from the date
the notice is mailed (the "Change of Control Payment Date"), provided that the Change of Control Payment Date shall be the last day of a month if such
Date occurs prior to April 15, 2005. Such notice shall also state the following: (i) the length of time the Change of Control Offer shall remain open; (ii) the Offer Amount, the
purchase price and the Purchase Date; (iii) that any Series B Note not tendered or accepted for payment shall continue to accrue interest; (iv) that, unless UbiquiTel defaults in
making such payment, any Series B Note accepted for payment pursuant to the Change of Control Offer shall cease to accrue interest after the Purchase Date; (v) that Holders electing to
have a Series B Note purchased pursuant to the Change of Control Offer may elect to have Series B Notes purchased in integral multiples of $1,000 only; and (vi) that Holders whose
Series B Notes were purchased only in part shall be issued new Series B Notes equal in principal amount to the unpurchased portion of the Series B Notes surrendered. 

        (c)  The
Change of Control Offer shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is
required by applicable law (the "Offer Period"). No later than five Business Days after the termination of the Offer Period (the  "Purchase Date"),
UbiquiTel shall purchase the principal amount of Series B Notes required to be purchased pursuant to this Section 6.3
(the "Offer Amount") or, if less than the Offer Amount has been tendered, all Series B Notes tendered in response to the Change of Control Offer. 

        (d)  UbiquiTel
will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the
extent such laws and regulations are applicable in connection with its purchase of Series B Notes pursuant to a Change of Control Offer. To the extent the provisions of any such rule conflict
with the provisions of this Purchase Agreement relating to a Change of Control Offer, UbiquiTel shall comply with the provisions of such rule and be deemed not to have breached its obligations
relating to such Change of Control Offer. 

        (e)  On
the Change of Control Payment Date, UbiquiTel shall, to the extent lawful, (1) accept for payment all Series B Notes or portions of Series B
Notes properly tendered under the Change of Control Offer; (2) mail promptly to each Holder of the Series B Notes the Change of Control Payment in respect of such Series B Notes
or portions of the Series B Notes so tendered; and (3) promptly authenticate and mail, or cause to be transferred by book entry, to each holder a new Series B Note equal in
principal amount to any unpurchased portion of the Series B Notes surrendered, provided, however, that each new Series B Note shall be in a principal amount of $1,000 or an integral
multiple of $1,000. Payments for the Series B Notes tendered pursuant to the Change of Control Offer shall be made in the same manner as interest payments are made. 

        (f)    Prior
to a Change of Control Payment Date, UbiquiTel shall either repay all outstanding Senior Indebtedness or obtain the requisite consents, if any, under all
agreements governing 

18

 

outstanding Senior Indebtedness to permit the repurchase of Series B Notes required by this Section 6.3. UbiquiTel shall publicly announce the results of the Change of Control Offer on
or as soon as practicable after the Change of Control Payment Date. 

        (g)  UbiquiTel
shall not be required to make a Change of Control Offer following a Change of Control if a third party makes the Change of Control Offer in the manner, at the
times and otherwise in compliance with the requirements set forth in this Section 6.3 and purchases all Series B Notes validly tendered and not withdrawn under the Change of Control
Offer. 

        SECTION
7.    COVENANTS 

        While
the Series B Notes are Outstanding, the Company covenants and agrees as follows: 

        7.1    Financial Information.    The Companies will deliver upon written request the following to each holder of the
Series B Notes as soon as practicable, copies of (i) any financial statements, proxy material or reports sent to Parent's stockholders, (ii) any press releases and
(iii) any Parent's SEC Filing. 

        7.2    Maintenance of Existence, Properties and Franchises; Compliance with Law; Taxes; Insurance.    The Companies
will: 

        (a)  maintain
their respective corporate existence, rights, licenses, permits and other franchises in full force and effect;  provided that the Companies may terminate the corporate existence of any of their
respective Subsidiaries (provided that Parent may not terminate the
corporate existence of UbiquiTel), or permit the termination or abandonment of rights or other franchises, if in the opinion of such Company it is no longer in the Company's best interests to maintain
such existence, rights or other franchises and such termination or abandonment will not be prejudicial in any material respect to the holders of the Series B Notes; 

        (b)  maintain
their respective tangible assets in good repair, working order and condition (ordinary wear and tear and casualty loss excepted) so far as reasonably necessary
or advantageous to the proper carrying on of their respective businesses; 

        (c)  comply
in all material respects with all applicable laws and with all applicable orders, rules, rulings, certificates, licenses, regulations, demands, judgments, writs,
injunctions and decrees, the noncompliance with which could reasonably be expected to have a Material Adverse Effect; 

        (d)  pay
promptly when due all taxes, fees, assessments and other governmental charges imposed upon their respective properties, assets or income and all claims or
Indebtedness (including, without limitation, materialmen's, vendor's, workmen's and like claims) which might become a Lien upon such properties or assets;  provided that payment of any such tax, fee,
assessment, charge, claim or Indebtedness shall not be necessary so long as it is being contested in good
faith or failure to make such payment will not have a Material Adverse Effect; and 

        (e)  keep
insured, by financially sound and reputable insurers, all their respective properties of a character customarily insured by entities similarly situated, against
loss or damage of the kinds and in amounts customarily insured against by such entities and with such deductibles or coinsurance as is customary. 

        7.3    Regulation U.    No portion of the net proceeds realized from the sale of the Series B Notes and
Warrants will be used for the purpose, whether immediate, incidental or ultimate, of buying or carrying, within the meaning of Regulation U of the Board of Governors of the Federal Reserve
System, as amended from time to time, any "margin stock" as defined in said Regulation U, as amended from time to time, or for the purpose of purchasing, carrying or trading in securities
within the meaning of Regulation U of the Board of Governors of the Federal Reserve System, as amended from time to time, or for the purpose of reducing or retiring any Indebtedness which both
(i) was 

19

 

originally incurred to purchase any such margin stock or other securities and (ii) was directly or indirectly secured by such margin stock or other securities. 

        7.4    Office for Payment, Exchange and Registration.    So long as any of the Series B Notes is outstanding,
UbiquiTel will maintain an office or agency where Series B Notes may be presented for payment, exchange, conversion or registration of transfer as provided in this Purchase Agreement. Such
office or agency initially shall be the office of UbiquiTel set forth in Section 19 hereof, which place may from time to time be changed by notice to the holders of all Series B Notes
then outstanding. 

        7.5    Notices.    The Company will give notice to all holders of Series B Notes promptly after an executive
officer, the treasurer or chief accounting officer of the Company learns (other than by notice from all of such holders) of the existence of any of the following: 

        (a)  any
Event of Default; and 

        (b)  any
action or proceeding which has been commenced or threatened against either Company which, if adversely determined, could reasonably be expected to have, individually
or in the aggregate, a material adverse effect on the ability of either Company to perform in all material respects its material obligations under this Purchase Agreement or the Series B Notes; 

        Such
notice with respect to (a) shall specify the nature and period of existence of any such Event of Default and what either Company proposes to do with respect thereto. The
Company shall, upon the advice of its outside legal counsel, publicly disclose any matters contained in any such notice pursuant to clauses (a) and (b) above as and when required by the
Securities Exchange Act. 

        7.6    Environmental Matters.    

        (a)  The
Companies shall keep any property owned by the Companies free and clear of any Liens imposed for failure to comply with any environmental laws, regulations or
ordinances (each, an "Environmental Lien"), to the extent any such Environmental Lien could reasonably be expected to
have a Material Adverse Effect, and shall keep all such property in material compliance with all environmental laws, regulations and ordinances; provided,
however, the Companies shall have the right at their cost and expense, and acting in good faith, to contest, object or appeal by appropriate legal proceeding the validity of
any Environmental Lien. 

        (b)  Each
of the Companies will defend, indemnify and hold harmless each current, former and future holder of Series B Notes, its employees, officers, directors,
stockholders, partners, agents, representatives and assigns, from and against any liabilities, obligations, losses, damages, penalties, actions, judgments, suits and claims, joint or several, and any
costs, disbursements and expenses (including reasonable attorneys' fees and expenses and reasonable costs of investigation) of whatever kind or nature, known or unknown, contingent or otherwise,
arising out of or in any way related to (i) the presence, disposal, release, removal, discharge, storage or transportation of any Hazardous Material upon, into, from or affecting any real
property (including improvements) owned or occupied (or formerly owned or occupied) by either Company or any Subsidiary; and (ii) any judicial or administrative action, suit or proceeding,
actual or threatened, relating to Hazardous Material upon, in, from or affecting any real property (including improvements) owned or occupied (or formerly owned or occupied) by either Company or any
Subsidiary; and (iii) any violation of any environmental law, regulation or ordinance by either Company or any Subsidiary or any of their agents, tenants, subtenants or invitees; and
(iv) the imposition of any Environmental Lien for the recovery of costs expended in the investigation, study or remediation of any environmental liability of (or asserted against) either
Company or any Subsidiary. This Section 7.6(b) and Section 7.6(c) below shall survive any payment, conversion or transfer of Series B Notes and any termination of this Purchase
Agreement. 

20

 

        (c)  To
the extent that either Company or any Subsidiary is strictly liable without regard to fault under any environmental law, regulation or ordinance, such Company's
obligation to the holders of Series B Notes under any of the indemnification provisions of this Purchase Agreement shall likewise be strict without regard to fault with respect to the violation
of any environmental law, regulation or ordinance which results in any liability to any of the indemnified persons referred to in Section 7.6(b) above. 

        7.7    Reservation of Shares.    Parent shall at all times keep reserved, free from preemptive rights, out of its
authorized Common Stock a number of shares of Common Stock sufficient to provide for the exercise of the exercise rights provided in the Warrants. 

        7.8    Delivery of Information for Rule 144A Transactions.    If a holder of Series B Notes proposes to
transfer any such Series B Notes pursuant to Rule 144A under the Securities Act (as in effect from time to time), the Companies agree to provide (upon the request of such holder or the
prospective transferee) to such holder and (if requested) to the prospective transferee any financial or other information concerning each Company which is required to be delivered to any transferee
of such Series B Notes pursuant to such Rule 144A. 

        7.9    Use of Proceeds.    The proceeds of the sale of the Series B Notes and Warrants, after payment of
transaction expenses, shall be used solely to make payments to the holders of Subordinated Notes, except that the proceeds of the sale of Series B Notes and Warrants pursuant to
Section 1.5(b) above may be used for general corporate purposes to the extent permitted under the Senior Credit Facility. 

        7.10    Inspection.    From and after the occurrence of an Event of Default, and for so long as such Event of Default
has not been waived, remedied or cured, at the request of the Majority Series B Noteholders, the Companies will permit such holder (or holders) to visit and inspect any of the properties of
each Company and any Subsidiaries, to examine their respective books and records and to discuss with their officers their books and records and the assets, properties, liabilities, business, affairs,
results of operations or condition (financial or otherwise) of the Companies or any Subsidiary, all at such reasonable times and as often as may be reasonably requested. 

        7.11    Asset Sales.    In the event UbiquiTel or any of its Restricted Subsidiaries consummates an Asset Sale (as
defined in the Subordinated Notes Indenture) and UbiquiTel elects to apply the Net Proceeds (as defined in the Subordinated Notes Indenture) from such Asset Sale to repay, pursuant to
Section 4.10(b)(i) of the Subordinated Notes Indenture, Senior Indebtedness (as defined in the Subordinated Notes Indenture) other than the Senior Credit Facility (the  "Proposed Repayment Amount"), UbiquiTel agrees to repay the Series B Notes on a pro rata basis, subject to and in accordance with the provisions
of Section 6.1 hereof, an aggregate amount from such Net Proceeds equal to the product of (1) the Proposed Repayment Amount and (2) a fraction the numerator of which is the
aggregate Accreted Value or aggregate principal amount, as applicable, of the Series B Notes then outstanding, and the denominator of which is the sum of (x) the aggregate accreted value
and/or aggregate principal amount, as applicable, of the other Senior Indebtedness being repaid and (y) the aggregate Accreted Value or aggregate principal amount, as applicable, of the
Series B Notes then outstanding. 

        7.12    Issuances of Capital Stock.    Neither Parent not UbiquiTel shall make any material issuances of capital
stock following the execution of this Purchase Agreement and until the Termination Date, except of issuances of the Warrants on the Closing Date. 

        SECTION
8.    RANKING 

        8.1    Ranking.    All Series B Indebtedness shall be pari passu in right of payment in all respects to all other
Senior Indebtedness. 

21

 

        8.2    Liquidation; Dissolution; Bankruptcy.    Upon any payment or distribution of assets of either Company (whether
in cash, property or securities) to creditors upon any dissolution or winding-up or total or
partial liquidation or reorganization of either Company, whether voluntary or involuntary, or in any bankruptcy, insolvency, receivership or similar proceeding regarding such Company, all amounts due
or to become due upon all Senior Indebtedness then outstanding shall be paid as follows: (i) first, the lenders under the Senior Credit Facility shall exercise their rights against the
collateral thereunder; and (ii) second, the holders of the Senior Indebtedness shall receive distributions of the remaining assets. Upon any such dissolution or winding-up or
liquidation, reorganization or other proceeding, any payment or distribution of assets of a Company of any kind or character, whether in cash, property or securities, to which holders of the Senior
Indebtedness would be entitled, except for these provisions, shall be paid by such Company or by any receiver, trustee in bankruptcy, liquidating trustee, agent or other person making such payment or
distribution directly to the holders of the Senior Indebtedness which was then outstanding (pro rata to each of such holders on the basis of the respective amounts (to the extent known)), to the
extent necessary to pay all such Senior Indebtedness in full in cash, before any payment or distribution is made to the holders of the Subordinated Notes. 

        8.3    Obligations Unaffected.    Nothing contained in this Section 8 is intended to or shall impair, as among
UbiquiTel, its creditors other than the holders of Senior Indebtedness, and the holders of the Series B Notes, the obligation of UbiquiTel, which shall be absolute and unconditional, to pay to
the holders of the Series B Notes the principal of, premium, if any, and interest on the Series B Notes, as and when the same shall become due and payable in accordance with their terms,
or to affect the relative rights of the holders of the Series B Notes and creditors of UbiquiTel other than the holders of Senior Indebtedness. Nothing herein shall prevent any holder of the
Series B Notes from exercising any remedies otherwise permitted by applicable law upon the occurrence of an Event of Default, subject to the rights, if any, under these provisions of the
holders of Senior Indebtedness. 

22

   
        SECTION 9.    FUTURE GUARANTORS 

        Any
current or future Subsidiary that becomes a guarantor under both the Senior Credit Facility and the Senior Discount Notes shall, if not already a Guarantor, contemporaneously become
a Guarantor by executing a joinder agreement to the Guarantee. 

        SECTION
10.    CONDITIONS TO PURCHASERS' OBLIGATIONS 

        The
Purchasers' obligations to purchase the Series B Notes and Warrants hereunder are subject to satisfaction of the following conditions at the Closing (any of which may be
waived by the Purchasers): 

        10.1    Accuracy of Representations and Warranties.    The representations and warranties of the Companies herein or
in any certificate or document delivered pursuant hereto shall be correct and complete in all material respects on and as of the Closing Date with the same effect as though made on and as of the
Closing Date (after giving effect to the transactions contemplated by this Purchase Agreement). 

        10.2    Compliance with Agreements; No Defaults.    The Companies shall have performed and complied in all material
respects with all agreements, covenants and conditions contained in this Purchase Agreement, the Series B Notes and the Warrants and any other document contemplated hereby or thereby which are
required to be performed or complied with by either Company on or before the Closing Date. On the Closing Date (after giving effect to the transactions contemplated hereby), there shall be no Event of
Default. 

        10.3    Transactions Not Prohibited.    There shall be no action commenced or, to the knowledge of the parties,
threatened, and no judgment, order or injunction shall have been rendered by any such tribunal or organization for the purpose of restraining or prohibiting the transactions contemplated hereby. 

        10.4    Officers' Certificate.    The Purchasers shall have received a certificate dated the Closing Date and signed
by the chief executive officer and chief financial officer of the Company, to the effect that the conditions of Sections 10.1, 10.2, 10.7, and 10.9 have been satisfied. 

        10.5    Proceedings.    All corporate and other proceedings in connection with the transactions contemplated by this
Purchase Agreement, the Series B Notes and the Warrants, and all documents incident thereto, shall be in form and substance satisfactory to the Purchasers and their counsel, and the Purchasers
shall have received all such originals or certified or other copies of such documents as the Purchasers or their counsel may reasonably request. 

        10.6    Opinion of Counsel.    The Purchasers shall have received an opinion dated the Closing Date and addressed to
the Purchasers of Greenberg Traurig LLP, counsel for the Companies. Such opinion shall be in form and substance satisfactory to the Purchasers and to the effect set forth in  Exhibit D hereto.

        10.7    Closing of Exchange Offer.    The holders of UbiquiTel's Subordinated Notes shall have, in full or in part,
exchanged their Subordinated Notes for Senior Discount Notes pursuant to the terms of the Exchange Offer. 

        10.8    Parent Guarantee.    Parent and each Restricted Subsidiary shall have executed a Guarantee (the  "Guarantee") in the form of
Exhibit E hereto. 

        10.9    Consent Under Senior Credit Facility.    The Companies shall have received such consents under the Senior
Credit Facility as are required to consummate the Exchange Offer and the transactions contemplated hereby. 

23

 

        SECTION
11.    INDEMNIFICATION 

        The
Company hereby indemnifies and agrees to defend and hold harmless each of the Purchasers from and against any and all claims, actions, causes of action, liabilities, penalties,
fines, damages, judgments, losses, suits, expenses, legal or administrative proceedings, interest, costs and expenses (including court costs and reasonable attorneys', consultants' and experts' fees)
(collectively "Losses") suffered by such Purchaser arising out of or by reason of (i) the Company's breach of any of the representations,
warranties and covenants contained herein or in any Transaction Document; or (ii) actions, proceedings or investigations arising from the purchase or ownership of the Series B Notes,
Warrants or Shares against the Company or the Purchasers (excluding proceedings relating to the income tax treatment of the Series B Notes, Warrants and Shares) by any governmental authority or
other Person, except to the extent that the same arise out of or are due to the negligence or willful misconduct of a Purchaser. 

        Promptly
after receipt by an indemnified party hereunder of notice of the commencement of any action, or of the threat of any action, or of any claim or threatened claim (collectively  "Claim") against such
indemnified party which is subject to indemnification hereunder, such indemnified party shall immediately notify the Company in
writing thereof (the "Notice"), but the failure so to notify the Company immediately shall relieve the Company from any liability which it may have to
such indemnified party only if and to the extent the Company is prejudiced by such failure. Upon receiving Notice from an indemnified party of a Claim, the Company shall be entitled to assume and
undertake the defense against such Claim with counsel reasonably satisfactory to such indemnified party. If the Company assumes and undertakes such defense, it shall not be liable to such indemnified
party for any legal expenses subsequently incurred by such indemnified party in connection with the defense of such Claim. If the interests of the indemnified party reasonably may be deemed to
conflict with the interests of the Company, the indemnified party shall have the right to select a separate counsel and to assume such legal defenses and otherwise to participate in the defense of
such action, at the Company's expense. The indemnified party shall cooperate fully with the Company in connection with any negotiation or defense of any Claim and shall furnish to the Company all
information reasonably available to the indemnified party that relates to such Claim. The Company shall keep the indemnified party apprised at all times as is reasonably practicable as to the status
of the defense or any settlement negotiations with respect thereto. Either party may settle any Claim provided (i) the Claim seeks only monetary damages as relief, and not injunctive relief,
and (ii) the release contains a release of both parties from any further liability with respect to such Claim. 

        SECTION
12.    AMENDMENT; WAIVER; CONSENT 

        (a)  (i)    This
Purchase Agreement and the Series B Notes may be amended (or any provision hereof or thereof waived) only with the written consent of the
Majority Series B Noteholders and (ii) a Warrant may be amended (or any provision thereof waived) only with the written consent of the holder thereof. Notwithstanding the foregoing, the
written consent of the holders of at least ninety percent (90%) of the outstanding aggregate principal amount of the Series B Notes shall be required to amend any provision of the
Series B Notes regarding principal and interest, seniority and maturity, and any amendment which discriminates materially adversely against a Holder shall require such Holder's written consent. 

        (b)  Promptly
after obtaining the written consent of the holders of Series B Notes herein provided, the Companies shall transmit a copy of any amendment or waiver
which has been adopted to all holders of Series B Notes then outstanding, but failure to transmit copies shall not in any way affect the validity of any such amendment or waiver. 

        (c)  The
Companies and each holder of a Series B Note then or thereafter outstanding shall be bound by any amendment or waiver effected in accordance with the
provisions of this Section 12, whether or not any such Series B Note shall have been marked to indicate such 

24

 

modification, but any Series B Note issued thereafter shall bear a notation as to any such modification (but the failure to bear any such notation shall not affect the validity of any such
subsequently issued Series B Note, which shall be enforceable in accordance with its terms subject to any such modification). 

        SECTION
13.    EXCHANGE OF NOTES; ACCRUED INTEREST; CANCELLATION OF SURRENDERED NOTES; REPLACEMENT 

        (a)  Subject
to Section 16 hereof, at any time at the request of any holder of one or more of the Series B Notes to UbiquiTel at its offices provided under
Section 19 hereof, UbiquiTel at its expense (except for any transfer tax or any other tax arising out of the exchange) will issue and deliver to or upon the order of the holder in exchange
therefor new Series B Notes, in such denomination or denominations as such holder may request (which must be in denominations of $100,000 principal amount or any larger multiple of $50,000
principal amount, plus one Series B Note in a lesser denomination, if required), in aggregate principal amount equal to the unpaid principal amount of the Series B Note or
Series B Notes surrendered and substantially in the form thereof, dated as of the date to which interest has been paid on the Series B Note or Series B Notes surrendered (or, if
no interest has yet been so paid thereon, then dated the date of the Series B Note or Series B Notes so surrendered) and payable to such Person or Persons or order as may be designated
by such holder. Any such new Series B Note shall bear any notation required by Section 12 hereof. 

        (b)  In
the event that any Series B Note is surrendered to UbiquiTel upon a prepayment under Section 6 hereof, UbiquiTel shall pay all accrued and unpaid
interest on such Series B Note or such portion thereof and thereupon interest shall cease to accrue upon that portion of the principal amount of such Series B Note which was prepaid, and
the right to receive, and any right or obligation to make, any prepayment on such portion of the principal amount pursuant to Section 6 hereof shall terminate all upon the date of such
prepayment and upon presentation and surrender of such Series B Note to the Company. 

        (c)  Upon
any prepayment under Section 6 hereof, if only a portion of the principal amount of a Series B Note is prepaid, then such Series B Note shall
be surrendered to UbiquiTel and UbiquiTel shall simultaneously execute and deliver to or on the order of the holder thereof, at the expense of UbiquiTel, a new Series B Note or Series B
Notes in principal amount equal to the unused or unpaid portion of such Series B Note. 

        (d)  All
Series B Notes or portions thereof which have been prepaid under Section 6 hereof, shall be canceled by UbiquiTel and no Series B Notes shall be
issued in lieu of the principal amount prepaid. 

        (e)  Upon
receipt of evidence satisfactory to UbiquiTel of the loss, theft, destruction or mutilation of any Series B Note and, in the case of any such loss, theft or
destruction, upon delivery of an indemnity agreement reasonably satisfactory to UbiquiTel (if requested by UbiquiTel and unsecured in the case of the Purchaser or an institutional holder), or in the
case of any such mutilation, upon surrender of such Series B Note (which surrendered Series B Note shall be canceled by UbiquiTel), UbiquiTel will issue a
new Series B Note of like tenor in lieu of such lost, stolen, destroyed or mutilated Series B Note as if the lost, stolen, destroyed or mutilated Series B Note were then
surrendered for exchange. 

        SECTION
14.    DEFAULTS 

        (a)  Any
of the following shall constitute an "Event of Default": 

        (i)    UbiquiTel
defaults in the payment of (A) any part of the principal on any Series B Note, when the same shall become due and payable, whether at maturity or
at a date fixed for 

25

 

prepayment or by acceleration or otherwise, and such default in the payment of principal shall have continued for ten (10) Business Days or (B) the interest on any Series B Note,
when the same shall become due and payable, and such default in the payment of interest shall have continued for ten (10) Business Days; or 

        (ii)  the
dissolution or winding up of either Company; or 

        (iii)  either
Company defaults in the performance of any other material agreement or covenant contained in this Purchase Agreement, the Series B Notes, the Warrant or
the Guarantee and such default shall not have been remedied within thirty (30) days after written notice thereof shall have been given to either Company by any holder or holders of the
Series B Notes (such Company to give forthwith to all other holders of the Series B Notes at the time outstanding written notice of the receipt of such notice, specifying the default
referred to therein); or 

        (iv)  an
Event of Default (as defined under the Senior Credit Facility or the Senior Discount Notes, respectively) shall have occurred and be continuing under the Senior
Credit Facility or the Senior Discount Notes and such Event of Default shall not have been cured by the Companies or waived by the lenders under the Senior Credit Facility or the Senior Discount
Notes; or 

        (v)  either
Company shall make an assignment for the benefit of creditors, or shall admit in writing its inability to pay its debts; or a receiver or trustee is appointed for
either Company or for substantially all of its assets and, if appointed without its consent, such appointment is not discharged or stayed within sixty (60) days; or proceedings under any law
relating to bankruptcy, insolvency or the reorganization or relief of debtors are instituted by or against either Company, and, if contested by it, are not dismissed or stayed within sixty
(60) days; or any writ of attachment or execution or any similar process is issued or levied against either Company or any significant part of its property and is not released, stayed, bonded
or vacated within sixty (60) days after its issue or levy; or 

        (vi)  the
issuance of a writ, warrant, distraint or order of attachment or garnishment against a material portion of the Companies' property or assets and such writ, warrant,
distraint or order is not dismissed, released or vacated within sixty (60) days after its issue or levy; or 

        (vii) any
representation or warranty made by the Companies herein shall not be true and correct in any material respect on and as of the date so made, provided that the
inaccuracies or falsity of such representation or warranty (i) have a Material Adverse Effect, and (ii) are of such magnitude as reasonably to have caused the Purchasers not to purchase
the Series B Notes if they had been known at the Closing, and provided further that this subsection (vii) shall terminate and be of no further force and effect eighteen
(18) months from the Closing Date. 

        (b)  If
an Event of Default occurs pursuant to any of clauses (i) through (vii) of Section 14(a) hereof, then and in each such event any holder or
holders of Series B Notes which, at the time, holds or hold at least sixty percent (60%) in aggregate principal amount of the Series B Notes then outstanding may at any time (unless all
Events of Default shall theretofore have been waived or remedied) at its or their option, by written notice or notices to the Company, declare all the Series B Notes then held by such holder or
holders to be due and payable. Notwithstanding the foregoing, if any Event of Default occurs pursuant to Section 14(a)(i), then not less than two holders who in the aggregate hold at least
thirty percent (30%) in principal amount of the Series B Notes then outstanding shall be required to declare all the Series B Notes held by such holder or holders to be due and payable.
Upon any such declaration all Series B Notes held by such holder 

26

 

or holders shall forthwith immediately mature and become due and payable in such amounts and for the time periods as are set forth for prepayment under Section 6.1(a) hereof. 

        (i)    if,
at any time after the principal of any Series B Notes shall so become due and payable and prior to the date of maturity stated in the Series B Notes,
all arrears of principal (excluding any principal which would not then be due and payable if the acceleration had not occurred) and interest on the Series B Notes (with interest at the rate
specified in the Series B Notes on any overdue principal and, to the extent legally enforceable, on any overdue interest) shall be paid to the holders of Series B Notes by or for the
account of UbiquiTel, then the Majority Series B Noteholders (in the event of an Event of Default under Section 14(a)(i), the holder or holders of seventy percent (70%) in aggregate
principal amount of the Series B Notes then outstanding), by written notice or notices to UbiquiTel, may waive such Event of Default and its consequences and rescind or annul any such
declaration, but no such waiver shall extend to or affect any subsequent Event of Default or impair any right or remedy resulting therefrom; 

        (ii)  if
any holder or holders of Series B Notes which, at the time, holds or hold at least sixty percent (60%) in aggregate principal amount of the Series B
Notes then outstanding exercises the above rights of acceleration, then UbiquiTel shall notify each other holder of Series B Notes of the fact of such acceleration and each other holder shall,
without limiting any other rights hereunder, (A) have the right for thirty (30) days after such notice from UbiquiTel to accelerate its own Series B Notes based on the
Event or Events of Default on which such acceleration was based, unless at the time there are no outstanding Events of Default and any acceleration of any Series B Notes has been rescinded or
(B) be deemed automatically (without any action by such holder) to have accelerated its Series B Notes if such holder has not received such notice of an acceleration from UbiquiTel
within ten (10) days after such acceleration unless at the time there are no outstanding Events of Default and any acceleration of any Series B Notes has been rescinded; 

        (iii)  any
holder may at any time rescind and annul any acceleration with respect to its own Series B Notes; and 

        (iv)  if
any holder of a Series B Note shall give any notice or take any other action with respect to an Event of Default, UbiquiTel, forthwith upon receipt of such
notice or obtaining knowledge of such other action, will give written notice thereof to all other holders of the Series B Notes then outstanding, describing such notice or other action and the
nature of the Event of Default. 

        SECTION
15.    REMEDIES 

        (a)  In
case any one or more Events of Default (except an Event of Default under Section 14(a)(i)) shall occur and be continuing, then any holder or holders of
Series B Notes which, at the time, holds or hold at least sixty percent (60%) in aggregate principal amount of the Series B Notes then outstanding may, proceed to protect and enforce the
rights of such holder or holders by an action at law, suit in equity or other appropriate proceeding, whether for the specific performance of any agreement contained herein or in such Series B
Note or Series B Notes for an injunction against a violation of any of the terms hereof or thereof, or in aid of the exercise of any power granted hereby or thereby or by law or for any other
remedy (including, without limitation, damages). In case any Event of Default under Section 14(a)(i) shall occur and be continuing, then any two or more holders who in the aggregate hold
at least thirty percent (30%) in principal amount of the Series B Notes then outstanding may, proceed to protect and enforce the rights of such holder or holders by an action at law, suit in
equity or other appropriate proceeding, whether for the specific performance of any agreement contained herein or in such Series B Note or Series B Notes for an injunction against a
violation of any of the terms hereof or thereof, or in aid 

27

 

of the exercise of any power granted hereby or thereby or by law or for any other remedy (including, without limitation, damages). 

        (b)  In
case of a default in the payment of any principal of, or interest on any Series B Note, or default in the observance of any other material agreement or
covenant of UbiquiTel in this Purchase Agreement or in a Series B Note, UbiquiTel will pay to the holder thereof or party thereto, in addition to any interest otherwise required, such further
amount as shall be sufficient to cover any and all costs and expenses of enforcement and collection including, without limitation, reasonable attorneys' fees and expenses (whether or not any suit or
action is instituted and including without limitation those fees and
expenses permitted by statutory law and/or incurred at trial, on appeal, on petition for review, in arbitration or mediation or in a bankruptcy proceeding). 

        (c)  No
course of dealing and no delay on the part of any holder of any Series B Note or Warrant in exercising any rights or remedies shall operate as a waiver thereof
or otherwise prejudice such holder's rights. No right or remedy conferred hereby or by any Series B Note shall be exclusive of any other right or remedy referred to herein or therein or
available at law, in equity, by statute or otherwise. 

        (d)  The
Purchasers shall, in addition to other remedies provided by law, have the right and remedy to have the provisions of this Purchase Agreement (including without
limitation Section 17 hereof) specifically enforced by any court having equity jurisdiction, it being acknowledged and agreed that any breach or threatened breach of the provisions of this
Purchase Agreement (including without limitation Section 17 hereof) will cause irreparable injury to the Purchasers and that money damages will not provide an adequate remedy. Nothing contained
herein shall be construed as prohibiting the Purchasers from pursuing any other remedies available to the Purchasers for such breach or threatened breach, including, without limitation, the recovery
of damages from the Companies. 

        SECTION
16.    RESTRICTIONS ON TRANSFER 

        (a)  Each
holder of a Series B Note or Warrant by acceptance thereof agrees that it will not sell or otherwise dispose of any Series B Notes, Warrants or Shares
unless (i) such Series B Notes, Warrants or Shares have been registered under the Securities Act and, to the extent required, under any applicable state securities laws, or
(ii) such Series B Notes, Warrants or Shares are sold in accordance with the applicable requirements and limitations of Rule 144 or Rule 144A, as applicable, and any
applicable state securities laws, or (iii) the Companies have been furnished with an opinion or opinions from counsel to such holder (which counsel and opinion(s) shall be reasonably
satisfactory to the Companies and which counsel may be inside counsel of such holder) to the effect that registration under the Securities Act is not required for the transfer as proposed (which
opinion may be conditioned upon the transferee's assuming the obligations of a holder of Series B Notes, Warrants or Shares under this Section) or (iv) the Companies have been furnished
with a letter from the Division of Corporate Finance of the Commission to the effect that such Division would not recommend any action to the Commission if such proposed transfer were effected without
a registration statement effective under the Securities Act. The Companies agree that within five (5) Business Days after receipt of any opinion referred to in (iii) above, they will
notify the holder supplying such opinion whether such opinion is satisfactory to the Companies' counsel. Series B Notes may be transferred only in Authorized Denominations. 

        (b)  UbiquiTel
may endorse on all Series B Notes, and Parent may endorse on all Warrants and Share certificates a legend stating or referring to the transfer
restrictions contained in paragraph (a) above; provided that no such legend shall be endorsed on any Series B Notes, Warrants or Share
certificates which, when issued, are no longer subject to the restrictions of this Section 16, and as to which Rule 144(k) under the Securities Act is applicable;  provided, further, that if a
transfer is made pursuant to clause (i), (ii) (other than pursuant to Rule 144A) or (iv) of
 

28

 

paragraph (a) or if an opinion of counsel provided pursuant to clause (iii) of paragraph (a) concludes that the legend is no longer necessary, the Companies will deliver upon
transfer Series B Notes, Warrants or Share certificates, as the case may be, without such legends. 

        (c)  Parent
and each of the Purchasers shall enter into a Registration Rights Agreement substantially in the form as set forth in  Exhibit C hereto. 

        SECTION
17.    EXPENSES 

        (a)  Whether
or not the transactions herein contemplated are consummated, the Companies will pay (i) the reasonable costs and expenses of the preparation and
production of this Purchase Agreement and the issuance of the Series B Notes, Warrants and the Shares and the furnishing of all opinions by counsel for the Company, (ii) the reasonable
fees and disbursements of Wolf, Block, Schorr and Solis-Cohen LLP, counsel to Ballyshannon Partners LP, in connection with this Purchase Agreement, the Series B Notes, the Warrants and the
transactions contemplated hereby and thereby (whether or not a closing occurs hereunder and if a closing occurs the Company will make such payment on the Closing Date), (iii) the reasonable
fees and expenses of any investment banker, broker or finder engaged by or on behalf of (or acting for) the Companies in connection with this Purchase Agreement or any of the transactions contemplated
hereby or thereby, and (iv) the reasonable fees and disbursements of one designated counsel for the holders of then outstanding Series B Notes in connection with any amendment or waiver
of this Purchase Agreement or the Series B Notes after the date hereof as designated at the time of such amendment or waiver, provided that such
fees and disbursements shall not exceed $10,000 for any such amendment or waiver unless otherwise consented to in writing by Parent. 

        (b)  The
Companies agree to pay, or to cause to be paid, all documentary, stamp and other similar taxes levied under the laws of the United States of America or any state or
local taxing authority thereof or therein in connection with the issuance and sale of the Series B Notes and the execution and delivery of this Purchase Agreement and any other documents or
instruments contemplated hereby or thereby and any modification of any of the Series B Notes or this Purchase Agreement or any such other documents or instruments (other than in connection with
transfers by the Purchasers) and will hold the Purchasers harmless without limitation as to time against any and all liabilities with respect to all such taxes. 

        (c)  The
obligations of the Companies under this Section 17 shall survive the Closing hereunder, the payment or cancellation of the Series B Notes, exercise or
cancellation of the Warrants and the termination of this Purchase Agreement. 

29

   
        SECTION 18.    HOME OFFICE PAYMENTS 

        As
long as any Purchaser or any payee named in the Series B Notes delivered to such Purchaser on the Closing Date, or any institutional holder which is a direct or indirect
transferee from such Purchaser or such payee, shall be the holder of any Series B Note, UbiquiTel will make payments (whether at maturity, upon optional prepayment, or otherwise) of principal
and interest (i) by check payable to the order of the holder of any such Series B Note duly mailed or delivered to such Purchaser at such address as such Purchaser or such other holder
may designate in writing, or (ii) if requested by such Purchaser or such other holder, by wire transfer to the Purchaser's or such other holder's (or its nominee's) account at any bank or trust
company in the United States of America, notwithstanding any contrary provision herein or in any Series B Note with respect to the place of payment. If any Purchaser has provided an address for
payments by wire transfer, then such Purchaser shall be deemed to have requested wire transfer payments under the preceding clause (ii). All such payments shall be made in immediately available
funds. 

        SECTION
19.    NOTICES 

        Unless
otherwise expressly specified or permitted by the terms hereof, all notices, requests, demands, consents and other communications hereunder or with respect to any Series B
Note or Warrant shall be in writing and shall be delivered by hand or sent by facsimile or overnight mail, to the following addresses: 

        (a)
if to the Purchasers or holders of a Series B Note or Warrant, at such address as the payee or registered holder thereof shall have designated to the Companies in writing; or 

        (b)
if to Parent, at One West Elm Street, Suite 400, Conshohocken, PA 19428, Attn: Patricia E. Knese, with a copy to Greenberg Traurig, 1750 Tysons Boulevard, Suite 1200, McLean, VA
22102 Attn: Lee R. Marks, or at such other address as may have been furnished in writing by Parent to the Purchasers and to the other holders of Series B Notes and Warrants; or 

        (c)
if to UbiquiTel, at One West Elm Street, Suite 400, Conshohocken, PA 19428, Attn: Patricia E. Knese, with a copy to Greenberg Traurig, 1750 Tysons Boulevard, Suite 1200, McLean, VA
22102 Attn:
Lee R. Marks, or at such other address as may have been furnished in writing by UbiquiTel to the Purchasers and to the other holders of Series B Notes and Warrants. 

        Whenever
any notice is required to be given hereunder, such notice shall be deemed given and such requirement satisfied only when such notice is delivered or, if sent by facsimile, when
received, unless otherwise expressly specified or permitted by the terms hereof. 

        SECTION
20.    MISCELLANEOUS 

        20.1    Entire Agreement.    This Purchase Agreement and, upon the Closing hereunder, the Series B Notes and
Warrants issued hereunder, together with the agreements attached hereto as Exhibits entered into by the Purchasers and the Companies at the Closing hereunder and the non-disclosure
agreement entered into between each Purchaser and the Companies prior to the date hereof in connection with the transactions contemplated by this Purchase Agreement, contain the entire agreement among
the Purchasers and the Companies, and supersede any prior or contemporaneous oral or written agreements, commitments, terms or understandings, regarding the subject matter hereof. 

        20.2    Survival.    All representations and warranties contained in this Purchase Agreement, the Series B
Notes, the Warrants or any document or certificate delivered pursuant hereto or thereto shall survive for a period of eighteen (18) months from the Closing Date. 

        20.3    Counterparts; Signatures.    This Purchase Agreement may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument, and all signatures need not appear on
any one counterpart. This Purchase Agreement may be executed by facsimile signatures. 

        20.4    Headings.    The headings and captions in this Purchase Agreement and the table of contents are for
convenience of reference only and shall not define, limit or otherwise affect any of the terms or provisions hereof. 

30

 

        20.5    Binding Effect; Successors.    

        (a)
The terms of this Purchase Agreement shall be binding upon, and inure to the benefit of, the parties and their respective successors and permitted assigns whether so expressed or
not. 

        (b)
Nothing in this Purchase Agreement, express or implied, is intended to confer upon any party other than the parties hereto, or their respective successors or permitted assigns, any
rights, remedies, obligations or liabilities under, or by reason of this Purchase Agreement, except as expressly provided in this Purchase Agreement. 

        20.6    Severability.    Any provision hereof or of the Series B Notes or Warrants which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or thereof,
and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the
parties hereby waive any provision of law which may render any provision hereof prohibited or unenforceable in any respect. 

        20.7    Governing Law.    This Purchase Agreement shall be governed by, and construed in accordance with, the laws of
the State of New York (other than any conflict of laws rule which might result in the application of the laws of any other jurisdiction). 

        20.8    Currency.    All payments under this Purchase Agreement, the Series B Notes or the Warrants shall be
made in lawful money of the United States of America. 

        20.9    CONSENT TO JURISDICTION AND SERVICE OF PROCESS.    EACH OF THE PARTIES HEREBY CONSENTS TO THE EXCLUSIVE
JURISDICTION OF THE COURTS OF THE EASTERN DISTRICT OF PENNSYLVANIA OR MONTGOMERY COUNTY, PENNSYLVANIA AND IRREVOCABLY AGREES THAT, SUBJECT TO THE ELECTION, ALL ACTIONS OR PROCEEDINGS RELATING TO THIS
PURCHASE AGREEMENT OR THE SERIES B NOTES OR THE WARRANTS OR THE SHARES SHALL BE LITIGATED IN SUCH COURTS. THE PARTIES ACCEPT FOR THEMSELVES AND IN CONNECTION WITH THEIR PROPERTIES, GENERALLY AND
UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS AND WAIVE ANY DEFENSE OF FORUM NON CONVENIENS, AND IRREVOCABLY AGREE TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY (SUBJECT TO ANY
APPEAL AVAILABLE WITH RESPECT TO SUCH JUDGMENT) IN CONNECTION WITH THIS PURCHASE AGREEMENT OR THE SERIES B NOTES OR THE WARRANTS OR THE SHARES. NOTHING HEREIN SHALL AFFECT THE RIGHT TO SERVE PROCESS
IN ANY OTHER MANNER PERMITTED BY LAW. 

        20.10    WAIVER OF JURY TRIAL.    EACH OF THE PARTIES HEREBY WAIVES THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY
CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS PURCHASE AGREEMENT, THE SERIES B NOTES, THE WARRANTS OR THE SHARES, OR ANY DEALINGS AMONG THEM RELATING TO THE SUBJECT MATTER OF THIS
PURCHASE AGREEMENT. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS
PURCHASE AGREEMENT, INCLUDING WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY
NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS PURCHASE AGREEMENT OR TO THE SERIES B NOTES OR THE
WARRANTS. IN THE EVENT OF LITIGATION, THIS PURCHASE AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL (WITHOUT A JURY) BY THE COURT. 

31

   
        IN WITNESS WHEREOF, the parties hereto have caused this Purchase Agreement to be duly executed as of the date first above written. 

	 	 	UBIQUITEL INC.
	

 	
 	
By:	

 Name: Donald A. Harris

Title: President and CEO
	

 	
 	
UBIQUITEL OPERATING COMPANY
	

 	
 	
By:	

 Name: Donald A. Harris

Title: President and CEO
	

 	
 	

Accepted and agreed to as of the date first above written by the undersigned Purchasers:
	

 	
 	

[SIGNATURE BLOCKS FOR PURCHASERS]
	

 	
 	
BRU HOLDING CO., LLC
	

 	
 	
By:	

 Name: Bruce E. Toll

Title: Member

Fax Number: (215) 938-8019
	

 	
 	
CBT WIRELESS INVESTMENTS, L.L.C.
	

 	
 	
By:	

 Name: Peter Lucas

Title: General Manager

Fax Number: (604) 576-4855
	

 	
 	

By:	

 JOSEPH N. WALTER

Fax Number: (206) 328-0815

32

 

	

 	
 	
BALLYSHANNON PARTNERS, L.P.
	

 	
 	
By:	

 Name: Bruce E. Terker

Title: President of Ballyshannon Partners, Inc., General Partner

Fax Number: (610) 525-4591
	

 	
 	
TRELLUS PARTNERS, L.P.
	

 	
 	
By:	

 Name: Adam Usdan

Title: President of Trellus Management Company, LLC, General Partner

Fax Number: (212) 245-4139
	

 	
 	
PORTER PARTNERS, L.P.
	

 	
 	
By:	

 Name: Jeffrey H. Porter

Title: General Partner

Fax Number: (415) 461-4405
	

 	
 	
TALKOT CROSSOVER FUND, L.P.
	

 	
 	
By:	

 Name: Thomas B. Akin

Title: Managing General Partner

Fax Number: (847) 655-6054
	

 	
 	
EXPRESS MARINE, INC.
	

 	
 	
By:	

 Name: Richard C. Walling, Jr.

Title: Vice President

Fax Number: (610) 354-8388

33

 

	

 	
 	
305 INVESTMENTS, L.P.
	

 	
 	
By:	

 Name: Richard C. Walling, Jr.

Title: Managing Partner

Fax Number: (610) 354-8388
	

 	
 	

By:	

 RICHARD C. WALLING, JR.

Fax Number: (610) 354-8388
	

 	
 	
RUSSELL INVESTMENTS
	

 	
 	
By:	

 Name: John Russell

Title: CEO

Fax Number: (706) 467-0829
	

 	
 	
BALLYSHANNON FAMILY PARTNERSHIP, L.P.
	

 	
 	
By:	

 Name: Bruce E. Terker

Title: President of Ballyshannon Partners, Inc., General Partner

Fax Number: (610) 525-4591

34

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