Document:

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                                                                  Exhibit 10.3.3

                                                                  EXECUTION COPY

                          SECOND AMENDMENT TO AMENDED
                    AND RESTATED LOAN AGREEMENT AND CONSENT

     THIS SECOND AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT AND CONSENT
(this "Agreement") dated as of the 31st day of October, 2000 (the "Agreement
       ---------                                                   ---------
Date"), by and among Tritel PCS, Inc. (f/k/a Tritel Holding Corp.), a Delaware
----
corporation (the "Borrower"), Tritel, Inc., a Delaware corporation (the
                  --------
"Parent"), the Lenders (as defined in the Loan Agreement defined below), and
 ------
Toronto Dominion (Texas), Inc., as administrative agent (the "Administrative
                                                              --------------
Agent").
-----

                             W I T N E S S E T H:
                             -------------------

     WHEREAS, the Borrower, the Lenders and the Administrative Agent are parties
to that certain Amended and Restated Loan Agreement dated as of March 31, 1999,
as amended by that certain First Amendment thereto dated as of April 21, 1999
(as so amended, the "Loan Agreement");
                     --------------

     WHEREAS, the Borrower has requested that the Lenders, and the Lenders have
agreed to, subject to the terms hereof, amend the Loan Agreement as more fully
set forth herein; and

     WHEREAS, the Borrower has requested that the Lenders, and the Lenders have
agreed to, subject to the terms hereof, consent to the mergers (collectively,
the "TeleCorp/Tritel Merger") contemplated by that certain Agreement and Plan
     ----------------------
of Reorganization and Contribution dated as of February 28, 2000, as amended (as
so amended, the "Merger Agreement") among the Parent, TeleCorp PCS, Inc. and
                 ----------------
AT&T Wireless Services, Inc., as more fully set forth herein;

     NOW, THEREFORE, in consideration of the premises set forth above, the
covenants and agreements hereinafter set forth, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree that all capitalized terms used and not defined herein
shall have the meanings ascribed thereto in the Loan Agreement, and further
agree as follows:

     1.   Amendment to Section 1.1.
          ------------------------

          (a) Section 1.1, Definitions, of the Loan Agreement, is hereby amended
                           -----------
by deleting each of the definitions of "Change of Control Event", "Network
License Agreement", "Roaming Agreement" and "Stockholders Agreement" in its
entirety and by substituting in lieu thereof the following:

          "`Change of Control Event' shall mean the occurrence or existence of
            -----------------------
     any of the following:  (a) (i) prior to the TeleCorp/Tritel Merger
     Effective Date, any sale or other disposition by AT&T or TWR Cellular, Inc.
     of any shares of Capital Stock of the Parent prior to January 7, 2002, such
     that after giving effect thereto AT&T and TWR Cellular, Inc., collectively,
     shall fail to own at least fifteen percent (15%) of the Capital Stock of
     the Parent, other than any such sale or other disposition to an Affiliated
     Successor and (ii)
<PAGE>

     on and after the TeleCorp/Tritel Merger Effective Date, any sale or other
     disposition by AT&T or TWR Cellular, Inc. of any shares of Capital Stock of
     Holdings prior to January 7, 2002, such that after giving effect thereto
     AT&T and TWR Cellular, Inc., collectively, shall fail to own at least
     fifteen percent (15%) of the Capital Stock of Holdings, other than any such
     sale or other disposition to an Affiliated Successor; (b) (i) prior to the
     TeleCorp/Tritel Merger Effective Date, the acquisition of ownership,
     directly or indirectly, beneficially or of record, by any Person or group
     (within the meaning of the Securities Exchange Act of 1934 and the rules of
     the Securities and Exchange Commission thereunder as in effect on the date
     hereof) other than the Parent, Persons owning Capital Stock of the Parent
     on January 7, 1999 or any Affiliated Successor, of Capital Stock
     representing more than twenty percent (20%) of the aggregate ordinary
     voting power represented by the issued and outstanding Capital Stock of
     either the Borrower or the Parent and (ii) on and after the TeleCorp/Tritel
     Merger Effective Date, the acquisition of ownership, directly or
     indirectly, beneficially or of record, by any Person or group (within the
     meaning of the Securities Exchange Act of 1934 and the rules of the
     Securities and Exchange Commission thereunder as in effect on the date
     hereof) other than Holdings, Persons owning Capital Stock of Holdings on
     the TeleCorp/Tritel Merger Effective Date or any Affiliated Successor, of
     Capital Stock representing more than twenty percent (20%) of the aggregate
     ordinary voting power represented by the issued and outstanding Capital
     Stock of Holdings; (c) (i) prior to the TeleCorp/Tritel Merger Effective
     Date, occupation of a majority of the seats (other than vacant seats) on
     the board of directors of either the Parent or the Borrower, by Persons who
     were not (x) nominated by the board of directors of the Parent (in the case
     of the Parent's board) or the Borrower (in the case of the Borrower's
     board), (y) appointed by directors so nominated, or (z) in the case of the
     Parent, appointed by shareholders of the Parent who are or were
     shareholders (or an Affiliated Successor of any such shareholder) of the
     Parent on January 7, 1999, and (ii) on and after the TeleCorp/Tritel Merger
     Effective Date, occupation of a majority of the seats (other than vacant
     seats) on the board of directors of any of Holdings, the Parent or the
     Borrower, by Persons who were not (X) nominated by the board of directors
     of Holdings (in the case of Holdings' board) or the Parent (in the case of
     the Parent's board) or the Borrower (in the case of the Borrower's board),
     (Y) appointed by directors so nominated, or (Z) in the case of Holdings,
     appointed by shareholders of Holdings who are or were shareholders (or an
     Affiliated Successor of any such shareholder) of Holdings on the
     TeleCorp/Tritel Merger Effective Date; or (d) (i) prior to the
     TeleCorp/Tritel Merger Effective Date, the acquisition of direct or
     indirect control of the Borrower or the Parent by any Person (and its
     Affiliated Successors) owning Capital Stock of the Parent on January 7,
     1999 and (ii) on and after the TeleCorp/Tritel Merger Effective Date, the
     acquisition of direct or indirect control of Holdings, the Parent or the
     Borrower by any Person (and its Affiliated Successors) owning Capital Stock
     of Holdings on the TeleCorp/Tritel Merger Effective Date. Notwithstanding
     the foregoing, none of the following shall constitute a "Change of Control
                                                              -----------------
     Event":  (A) (1) prior to the TeleCorp/Tritel Merger Effective Date, the
     -----
     sale by AT&T or TWR Cellular, Inc. of all or any of its Capital Stock of
     the Parent subsequent to January 7, 2002 and (2) on and after the
     TeleCorp/Tritel Merger Effective Date, the sale by AT&T or TWR Cellular,
     Inc. of all or any of its Capital Stock of Holdings subsequent to January
     7, 2002; (B) (1) prior to the TeleCorp/Tritel Merger Effective Date, the
     public

                                       2
<PAGE>

     sale by the Parent of newly issued Capital Stock in a public offering and
     (2) on and after the TeleCorp/Tritel Merger Effective Date, the public sale
     by Holdings of newly issued Capital Stock in a public offering; and (C) (1)
     prior to the TeleCorp/Tritel Merger Effective Date, the dilution of AT&T's
     and TWR Cellular, Inc.'s collective percentage of Capital Stock of the
     Parent as a result of an issuance of Capital Stock by the Parent and (2) on
     and after the TeleCorp/Tritel Merger Effective Date, the dilution of AT&T's
     and TWR Cellular, Inc.'s collective percentage of Capital Stock of Holdings
     as a result of an issuance of Capital Stock by the Holdings.

          `Network License Agreement' shall mean (i) prior to the
           -------------------------
     TeleCorp/Tritel Merger, the Network Membership License Agreement, dated the
     date hereof, by and between AT&T Corp. and the Parent and (ii) from and
     after the TeleCorp/Tritel Merger, the Network License Agreement by and
     between AT&T Wireless Services Inc. and Holdings, the Parent and/or the
     Borrower substantially in the form attached as Exhibit K-1 to the Merger
     Agreement.

          `Roaming Agreement' shall mean (i) prior to the TeleCorp/Tritel
           -----------------
     Merger, the Intercarrier Roamer Service Agreement by and between AT&T
     Wireless Services, Inc. and the Borrower in substantially the form attached
     as Exhibit F to the Securities Purchase Agreement and (ii) from and after
     the TeleCorp/Tritel Merger, the Intercarrier Roamer Service Agreement by
     and between AT&T Wireless Services Inc. and Holdings, the Parent and/or the
     Borrower substantially in the form attached as Exhibit K-2 to the Merger
     Agreement.

          `Stockholders' Agreement' shall mean (i) prior to the TeleCorp/Tritel
           -----------------------
     Merger, the Stockholders' Agreement by and among AT&T Wireless Services,
     Inc., the Parent, the Cash Equity Investors (as defined therein) and the
     Management Stockholders (as defined therein), as stockholders, dated as of
     January 7, 1999 and (ii) from and after the TeleCorp/Tritel Merger, the
     Stockholders' Agreement by and among Holdings and the Stockholders named
     therein dated the TeleCorp/Tritel Merger Effective Date."

          (b)  Section 1.1, Definitions, of the Loan Agreement is hereby amended
                            -----------
by adding the following new definitions in their appropriate alphabetical order:

          "`Holdings' shall mean TeleCorp-Tritel Holding Company, a Delaware
            --------
     corporation to be renamed TeleCorp PCS, Inc.

          `Merger Agreement' shall mean that certain Agreement and Plan of
           ----------------
     Reorganization and Contribution among TeleCorp PCS, Inc., Tritel, Inc. and
     AT&T Wireless Services, Inc. dated as of February 28, 2000, as amended.

          `TeleCorp/Tritel Merger' shall mean the mergers contemplated under the
           ----------------------
     Merger Agreement.

          `TeleCorp/Tritel Merger Effective Date' shall mean the effective date
           -------------------------------------
     of the TeleCorp/Tritel Merger pursuant to the Merger Agreement."

                                       3
<PAGE>

     2.   Amendment to Section 4.1.  Section 4.1(z), Parent Assets, of the Loan
          ------------------------                   -------------
Agreement,  is hereby amended by deleting such paragraph in its entirety and
substituting in lieu thereof the following:

          "(z)  Parent Assets.  The Parent has no assets other than the Capital
                -------------
     Stock of the Borrower, investments in the Borrower and/or the Borrower's
     Subsidiaries permitted hereunder, rights under the Securities Purchase
     Agreement, rights under the Stockholders Agreement, the Bid Equity
     Commitments, so long as the proceeds of such Bid Equity Commitments are
     disposed of in accordance with Section 5.17(b) hereof and such other assets
     as are necessary in connection with the administration of, and the conduct
     of its business by, the Parent."

     3.   Amendments to Article 5.
          -----------------------

          (a)  Amendment to Section 5.17.  Section 5.17(b), Business of the
               -------------------------                    ---------------
Parent; Immediate Contributions to the Borrower, of the Loan Agreement, is
-----------------------------------------------
hereby amended by deleting such paragraph in its entirety and by substituting in
lieu thereof the following:

               "(b)  The Parent shall immediately (i) contribute to the Borrower
          upon receipt (A) any capital contributions and (B) net proceeds from
          the issuance of any Indebtedness (excluding Subordinated Debt and,
          from and after the TeleCorp/Tritel Merger Effective Date, any
          Indebtedness of the Parent permitted under Section 7.1(m)) and (ii)
          lend to the Borrower (x) the net proceeds of any Subordinated Debt,
          which loan shall be subordinate to the Obligations hereunder on terms
          reasonably satisfactory to the Required Lenders and (y) on and after
          the TeleCorp/Tritel Merger Effective Date, the net proceeds of any
          Indebtedness of the Parent permitted under Section 7.1(m), which loan
          shall be subordinate to the Obligations on terms reasonably
          satisfactory to the Administrative Agent and which loan shall have
          terms no less advantageous to the Lenders than those of any loan under
          subsection (x) of this Section 5.17(b)(ii)."

          (b)  Amendment to Section 5.20.  Section 5.20, The Bid Equity
               -------------------------                 --------------
Commitments, is hereby amended by deleting each reference to "$7,500,000"
-----------
contained therein and by substituting in lieu thereof "$7,550,000".

     4.   Amendment to Section 6.4.  Section 6.4, Copies of Other Reports, of
          ------------------------                -----------------------
the Loan Agreement, is hereby amended by deleting clause (g) in its entirety and
by substituting in lieu thereof the following:

          "(g) Intentionally omitted."

     5.   Amendments to Article 7.
          -----------------------

          (a)  Section 7.1, Indebtedness of the Parent, the Borrower and the
                            ------------------------------------------------
Borrower's Subsidiaries, of the Loan Agreement, is hereby amended by (i)
-----------------------
deleting the reference to "$250,000,000" in clause (g) thereof and substituting
in lieu thereof "$750,000,000"; (ii) deleting the word "and" after clause (k)
thereof; (iii) deleting the period at the end of clause (l) thereof

                                       4
<PAGE>

and substituting in lieu thereof "; and"; and (iv) adding at the end thereof a
new clause (m) to read as follows:

               "(m) from and after the TeleCorp/Tritel Merger Effective Date,
          subordinated Indebtedness of the Parent to Holdings, provided that (i)
                                                               --------
          such Indebtedness shall be subordinated to all the Obligations and
          evidenced by a promissory note containing subordination provisions
          reasonably satisfactory to the Administrative Agent and shall require
          no payments earlier than five years from the date of issuance thereof
          and (ii) the aggregate amount of any payments required under such
          Indebtedness shall not exceed the amount of any Excess Cash Flow not
          required to be applied to prepay the Loans pursuant to Section
          2.7(b)(iv)."

          (b)  Amendment to Section 7.4. Section 7.4(a), Liquidation, Merger or
               ------------------------                  ----------------------
Disposition of Assets, of the Loan Agreement is hereby amended by (i) deleting
---------------------
the word "or" before clause (vi) thereof; (ii) deleting the period at the end of
clause (iv) and substituting in lieu thereof "; or," and (iii)  adding at the
end thereof a new clause (v) to read as follows:

               "(v) sale of any or all of licenses acquired from Digital PCS,
          Inc. respecting Florida and Georgia to Panther Wireless, LLC or other
          designee of AT&T Wireless Services, Inc.; provided, that the total
                                                    --------  ----
          consideration for such sale(s) shall not exceed $20,000,000 in the
          aggregate."

          (c)  Amendment to Section 7.6.  Section 7.6, Investments and
               ------------------------                ---------------
Acquisitions, of the Loan Agreement,  is hereby amended (i) by adding at the end
------------
of the first parenthetical thereof the following "and additional spectrum and
related assets under the Borrower's existing footprint"; and (ii) by deleting
each reference to "$7,500,000" contained in paragraph (e) thereof and by
substituting in lieu thereof "$7,550,000".

          (d)  Amendment to Section 7.7.  Section 7.7, Limitations on
               ------------------------                --------------
Distributions, of the Loan Agreement, is hereby amended by deleting such Section
-------------
in its entirety and by substituting in lieu thereof the following:

               "Section 7.7  Limitation on Distributions.  The Parent and the
                             ---------------------------
          Borrower shall not, and shall not permit any of the Borrower's
          Subsidiaries to, make any Restricted Payment or Restricted Purchase;
          provided, however, that such Restricted Payments or Restricted
          --------  -------
          Purchases may be made if (a) the Total Leverage Ratio is less than
          5.00 to 1.00, (b) the Borrower has made all repayments from Excess
          Cash Flow required under Section 2.7(b)(iv) hereof, and (c) no Default
          or Event of Default exists, both before and after giving effect to
          such Restricted Payments or Restricted Purchases.  Notwithstanding any
          of the foregoing, so long as no Default (or Event of Default in case
          of clause (v) below) has occurred and is continuing both before and
          after giving effect to the following Restricted Payments or Restricted
          Purchases, the Parent, the Borrower and its Subsidiaries shall be
          permitted to make Restricted Payments or Restricted Purchases (i) to
          the Parent, and on and after the TeleCorp/Tritel Merger Effective
          Date, Holdings, as applicable, to pay administrative and other similar
          costs and

                                       5
<PAGE>

          franchise and other similar taxes required to be paid by the Parent,
          and on and after the TeleCorp/Tritel Merger Effective Date, Holdings,
          as applicable, in each case in an aggregate amount not to exceed
          $1,000,000 per fiscal year, (ii) to fund, as and when due, payments of
          regularly scheduled interest and principal in respect of any
          Indebtedness incurred by the Parent that is permitted under Section
          7.1 hereof, other than payments in respect of the Subordinated Debt
          prohibited by the subordination provisions thereof, (iii) to Parent,
          and, on and after the TeleCorp/Tritel Merger Effective Date, to
          Holdings, as applicable, in an amount sufficient to enable Parent, or
          Holdings, as applicable, to make Restricted Payments pursuant to and
          in accordance with stock option plans or other benefit plans for
          management or employees of the Parent, the Borrower or the Borrower's
          Subsidiaries, in an aggregate amount not to exceed $1,000,000 per
          fiscal year, (iv) on and after the TeleCorp/Tritel Merger Effective
          Date, to Holdings and its Subsidiaries to pay management, consulting
          or similar fees, or any interest thereon, on account of any cost
          sharing or similar arrangements, provided that such fees and interest
                                           -------- ----
          shall be no greater than those that would be payable in a third party
          arm's-length transaction, (v) on and after the TeleCorp/Tritel Merger
          Effective Date, with respect to its Capital Stock to fund the
          obligations of the Parent or Holdings to repurchase, redeem, acquire
          or retire for value, or make other payments of interest in respect of,
          any Capital Stock of the Parent or Holdings held or previously held by
          any member or former member of the management of the Borrower and its
          Subsidiaries pursuant to any management equity subscription agreement,
          stock option agreement, restricted stock agreement, put agreement or
          other similar arrangements, provided that the aggregate amount of such
                                      -------- ----
          Restricted Payments shall not exceed $10,000,000 in any fiscal year of
          the Borrower, provided further that up to an aggregate of $20,000,000
                        -------- -------
          of unused amounts of permitted Restricted Payments during one or more
          fiscal years may be carried forward to one or more future fiscal years
          and (vi) on and after the TeleCorp/Tritel Merger Effective Date, by
          the Borrower to the Parent in an aggregate amount not to exceed
          $10,000,000 to fund the repurchase by the Parent of the shares of
          voting preference shares of the Parent held by E.B. Martin in
          connection with the TeleCorp/Tritel Merger.  In addition,
          notwithstanding any of the foregoing, from and after the
          TeleCorp/Tritel Merger Effective Date, the Parent shall be permitted
          to make Restricted Payments and Restricted Purchases to Holdings (and
          the Borrower and its Subsidiaries shall be permitted to make
          Restricted Payments and Restricted Purchases to the Parent to fund
          such Restricted Payments and Restricted Purchases by the Parent to
          Holdings) in an aggregate amount not to exceed the lesser of (i) the
          aggregate amount contributed by Holdings to the Parent as capital or
          lent by Holdings to the Parent (and by the Parent to the Borrower or
          any of its Subsidiaries) and (ii) an amount not in excess of Excess
          Cash Flow, provided the prepayments required by Section 2.7(b)(iv)
          hereof have previously been made."

          (e)  Amendment to Section 7.13.  Section 7.13 of the Loan Agreement,
               -------------------------
Maximum Capital Expenditures, is hereby amended by deleting such Section in its
----------------------------
entirety and substituting in lieu thereof the following:

                                       6
<PAGE>

          "Section 7.13  Maximum Capital Expenditures.  (a) As of each fiscal
                         ----------------------------
     quarter end set forth below, and (b) at the time of any Advance hereunder
     which, if funded, would increase the aggregate principal amount of the
     Loans outstanding on such date of determination, the Borrower shall not
     permit Capital Expenditures (excluding assets purchased with the proceeds
     of obsolete, worn out or no longer useful assets as permitted by Section
     7.4(a) hereof and, on and after the TeleCorp/Tritel Merger Effective Date,
     excluding assets purchased with the proceeds of any capital contributed to
     the Parent by Holdings or any loans made to the Parent by Holdings
     permitted hereunder and contributed by the Parent to the Borrower as
     capital or otherwise lent by the Parent to the Borrower) for the Borrower
     and its Subsidiaries to exceed in any period:

Period                                                Total Capital Expenditures
------                                                --------------------------
The Agreement Date through December 31, 1999          $334,000,000
From January 1, 2000 through December 31, 2000        $411,000,000
From January 1, 2001 through December 31, 2001        $ 91,000,000
From January 1, 2002 through December 31, 2002        $ 15,000,000
From January 1, 2003 through December 31, 2003        $ 15,000,000
From January 1, 2004 through December 31, 2004        $ 15,000,000
From January 1, 2005 through December 31, 2005        $ 15,000,000
From January 1, 2006 through December 31, 2006        $ 15,000,000
From January 1, 2007 through December 31, 2007        $ 15,000,000

     ; provided that any permitted amount which is not spent in any period
       --------
     specified above (excluding any amount carried forward from the immediately
     preceding period permitted to be spent during such period) may be carried
     forward to the immediately subsequent period, and may be spent in addition
     to the otherwise applicable limitation for such period; provided further
                                                             -------- -------
     that for purposes of calculating the amount of any carry-forward amount for
     any period under this Section 7.13, any amount carried forward from the
     preceding period shall be deemed to be the first amount spent during the
     current period; provided, further, on and after the TeleCorp/Tritel Merger
                     --------  -------
     Effective Date, that in addition to the amounts otherwise permitted under
     this Section 7.13, the Borrower and its Subsidiaries may make additional
     Capital Expenditures in an aggregate amount not to exceed the product of
     (x) $10.00 multiplied by (y) the number of aggregate POPs located within
                -------------
     the network for the purposes of constructing voice, data, video and/or
     other media communication systems using new technology pursuant to a
     business plan and during periods approved of in advance in writing by the
     Required Lenders."

     6.   Other Amendments.  On and after the TeleCorp/Tritel Merger Effective
          ----------------
Date, all references to the "Management Agreement" are deemed deleted.

     7.   Consent to the TeleCorp/Tritel Merger and Waiver.
          ------------------------------------------------

          (a)  Consent.  Subject to the terms and conditions hereof,
               -------
notwithstanding any provisions of the Loan Documents, the undersigned Lenders
hereby consent to the terms and conditions of the Merger Agreement and the other
documents contemplated thereby and to the

                                       7
<PAGE>

consummation of the TeleCorp/Tritel Merger and the transactions contemplated
thereby pursuant to such terms and conditions, including, without limitation,
the transactions described on Schedule 1 hereto. The Lenders hereby consent to
the waiver by the parties to the TeleCorp/Tritel Merger of receipt of a final
order issued by the FCC prior to the consummation of the TeleCorp/Tritel Merger.
On or prior to the consummation of the TeleCorp/Tritel Merger, the Borrower and
the Parent shall provide to the Administrative Agent, in form and substance
reasonably satisfactory to the Administrative Agent, (i) certification to the
Administrative Agent and the Lenders of the Borrower's and the Parent's
compliance with Sections 7.8, 7.9, 7.10, 7.11, 7.12, 7.13, 7.14 and 7.15 of the
Loan Agreement, after giving effect to the TeleCorp/Tritel Merger; (ii)
certification to the Administrative Agent and the Lenders that a Default does
not exist under the Loan Agreement and will not be caused by the TeleCorp/Tritel
Merger, after giving effect to this Agreement; (iii) evidence reasonably
satisfactory to the Administrative Agent of the consummation of the
TeleCorp/Tritel Merger on substantially the terms and conditions set forth in
the Merger Agreement (except as provided in the second sentence of this Section
7(a)); (iv) receipt by the Administrative Agent and the Lenders of opinions of
corporate and special FCC counsel to the Parent and the Borrower, opining as to
the enforceability, validity and binding nature of the Loan Agreement and other
Loan Documents, after giving effect to the TeleCorp/Tritel Merger; and (v)
receipt by the Administrative Agent and the Lenders of confirmation by the
Parent, the Borrower and any Subsidiaries of the Borrower of each of their
Obligations under the Security Documents after giving effect to the
TeleCorp/Tritel Merger.

          (b)  Waivers.  (i) Notwithstanding any provision of the Loan Agreement
               -------
(including, without limitation, Sections 5.20 and 7.6 of the Loan Agreement),
the undersigned Lenders hereby waive any Default or Event of Default that may
have resulted from Bid Equity Commitments of the Parent and the Borrower in the
aggregate amount of $7,550,000 and (ii) notwithstanding any provision of the
Loan Agreement (including, without limitation, Sections 7.6 and 7.18 of the Loan
Agreement), the undersigned Lenders hereby waive any Default or Event of Default
that may have arisen from the Parent advancing in excess of $2,500,000 in the
aggregate principal amount at any time outstanding to the Mercury entities in
connection with the liquidity facility described in the third item on Schedule 5
                                                                      ----------
to the Loan Agreement.

     8.   No Other Amendment or Waiver.  Notwithstanding the agreement of the
          ----------------------------
Lenders to the terms and provisions of this Agreement, the Borrower and the
Parent acknowledge and expressly agree that this Agreement is limited to the
extent expressly set forth herein and shall not constitute a modification of the
Loan Agreement or any other Loan Documents or a course of dealing at variance
with the terms of the Loan Agreement or any other Loan Documents (other than as
expressly set forth above) so as to require further notice by the Administrative
Agent or the Lenders, or any of them, of its or their intent to require strict
adherence to the terms of the Loan Agreement and the other Loan Documents in the
future.  All of the terms, conditions, provisions and covenants of the Loan
Agreement and the other Loan Documents shall remain unaltered and in full force
and effect except as expressly modified by this Agreement.  The Loan Agreement
and each other Loan Document shall be deemed modified hereby solely to the
extent necessary to effect the waivers and amendments contemplated hereby.

     9.   Representations and Warranties.  The Borrower and the Parent hereby
          ------------------------------
represent and warrant in favor of the Administrative Agent and each Lender as
follows:

                                       8
<PAGE>

          (a)  The Borrower and the Parent each has the corporate power and
authority (i) to enter into this Agreement and (ii) to do all other acts and
things as are required or contemplated hereunder to be done, observed and
performed by them;

          (b)  This Agreement has been duly authorized and validly executed and
delivered by one or more Authorized Signatories of the Borrower and the Parent
and constitutes the legal, valid and binding obligation of the Borrower and the
Parent, enforceable against each of them in accordance with its terms, subject
to the following qualifications: (i) an order of specific performance and an
injunction are discretionary remedies and, in particular, may not be available
where damages are considered an adequate remedy at law and (ii) applicable
bankruptcy, insolvency, liquidation, reorganization, reconstruction and other
similar laws affecting enforcement of creditors' rights generally (insofar as
any such law relates to the bankruptcy, insolvency or similar event of the
Borrower and the Parent);

          (c)  The execution and delivery of this Agreement and the performance
by the Borrower and the Parent under the Loan Agreement and the other Loan
Documents to which each is a party, as amended hereby, do not and will not
require the consent or approval of any regulatory authority or governmental
authority or agency having jurisdiction over the Parent, the Borrower or any of
its Subsidiaries which has not already been obtained, nor is in contravention of
or in conflict with the articles of incorporation, by-laws or partnership
agreements of the Parent, the Borrower or any of its Subsidiaries, or any
provision of any statute, judgment, order, or material indenture, instrument,
agreement, or undertaking to which the Parent, the Borrower or any of its
Subsidiaries is a party or by which any of their respective assets or properties
is or may become bound; and

          (d)  The representations and warranties contained in Section 4.1 of
the Loan Agreement and contained in the other Loan Documents remain true and
correct as of the date hereof, both before and after giving effect to this
Agreement, except to the extent previously fulfilled in accordance with the
terms of the Loan Agreement or such other Loan Document, as applicable, or to
the extent relating specifically to the Agreement Date. No Default now exists or
will be caused hereby.

     10.  Conditions Precedent.  The effectiveness of this Agreement is subject
          --------------------
to the receipt by the Administrative Agent of counterparts hereof executed by
the Required Lenders, the Borrower and the Parent.

     11.  Counterparts.  This Agreement may be executed in any number of
          ------------
counterparts, each of which shall be deemed to be an original, but all such
separate counterparts shall together constitute one and the same instrument.

     12.  Loan Documents.  Each reference in the Loan Agreement or any other
          --------------
Loan Document to the term "Loan Agreement" shall hereafter mean and refer to the
Loan Agreement as amended hereby and as the same may hereafter be amended.

     13.  Governing Law.  This Agreement shall be construed in accordance with
          -------------
and governed by the internal laws of the State of New York, applicable to
agreements made and to be performed in New York.

                                       9
<PAGE>

     14.  Effective Date.  Upon satisfaction of the conditions precedent
          --------------
referred to in Section 10 hereof, the provisions of this Agreement shall (except
with respect to the consent to the TeleCorp/Tritel Merger pursuant to Section
7(a) hereof) be effective as of the Agreement Date, provided, that the consent
                                                    --------
to the TeleCorp/Tritel Merger shall be effective on the date of receipt of the
documents described in Section 7(a) hereof by the Administrative Agent.

     15.  Severability.  Any provision of this Agreement which is prohibited or
          ------------
unenforceable in any jurisdiction shall be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions
hereof in that jurisdiction or affecting the validity or enforceability of such
provision in any other jurisdiction.

                 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       10
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement or
caused it to be executed under seal by their duly authorized officers, all as of
the day and year first above written.

BORROWER:                     TRITEL PCS, INC.,
                              a Delaware corporation

                              By: /s/ E.B. Martin, Jr.
                                  -----------------------------------
                              Name: E.B. Martin, Jr.
                                    ---------------------------------
                              Title: Executive Vice President/CFO
                                     --------------------------------

PARENT:                       TRITEL, INC., a Delaware corporation

                              By: /s/ E.B. Martin, Jr.
                                  -----------------------------------
                              Name: E.B. Martin, Jr.
                                    ---------------------------------
                              Title: Executive Vice President/CFO
                                     --------------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 1

<PAGE>

ADMINISTRATIVE AGENT
AND LENDER:                   TORONTO DOMINION (TEXAS), INC., as
                              Administrative Agent and as a Lender

                              By: /s/ Jeffery R. Lents
                                  ------------------------------------
                              Name: Jeffery R. Lents
                                    ----------------------------------
                              Title: Vice President
                                     ---------------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 2

<PAGE>

                              BARCLAYS BANK PLC, as Lender

                              By: /s/ Timothy C. Harrington
                                  ----------------------------------
                                  Name: Timothy C. Harrington
                                        ----------------------------
                                  Title: Director
                                         ---------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 3

<PAGE>

                              BANK OF AMERICA, N.A., as Lender

                              By: /s/ Roselyn Drake
                                  ---------------------------------
                                  Name: Roselyn Drake
                                        ---------------------------
                                  Title: Managing Director
                                         --------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 4

<PAGE>

                              ABN AMRO BANK N.V., as a Lender

                              By: /s/ Alice Griffiths
                                  ----------------------------------
                                  Name: Alice Griffiths
                                        ----------------------------
                                  Title: Vice President
                                         ---------------------------

                              By: /s/ Shilpa Parandekar
                                  ----------------------------------
                                  Name: Shilpa Parandekar
                                        ----------------------------
                                  Title: Assistant Vice President
                                         ---------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 5

<PAGE>

                              BANK OF MONTREAL, as a Lender

                              By: /s/ S. Valia
                                  ---------------------------------
                                  Name: S. Valia
                                        ---------------------------
                                  Title: Managing Director
                                         --------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 6

<PAGE>

                              THE BANK OF NEW YORK, as a Lender

                              By: /s/ Gerry Granovsky
                                  -----------------------------------
                                  Name: Gerry Granovsky
                                        -----------------------------
                                  Title: Vice President
                                         ----------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 7

<PAGE>

                              THE BANK OF NOVA SCOTIA, as a Lender

                              By: /s/ Ian A. Hodgart
                                  ------------------------------------
                                  Name: Ian A. Hodgart
                                        ------------------------------
                                  Title: Authorized Signatory
                                         -----------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 8

<PAGE>

                              THE BANK OF TOKYO-MITSUBISHI
                              TRUST COMPANY, as a Lender

                              By: /s/ Michael Deadder
                                  -------------------------------------
                                  Name: Michael Deadder
                                        -------------------------------
                                  Title: Vice President
                                         ------------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 9

<PAGE>

                              CIBC INC., as a Lender

                              By: /s/ M. Beth Miller
                                  ---------------------------------------
                                  Name: M. Beth Miller
                                        ---------------------------------
                                  Title: Authorized Signatory
                                         --------------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 10

<PAGE>

                         THE CIT GROUP/EQUIPMENT FINANCING, INC., as a Lender

                         By:____________________________________________________
                            Name:_______________________________________________
                            Title:______________________________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 11

<PAGE>

                         CREDIT LYONNAIS NEW YORK BRANCH, as a Lender

                         By:/s/ John P. Judge
                            ----------------------------------------------------
                            Name: John P. Judge
                                 -----------------------------------------------
                            Title: Vice President
                                  ----------------------------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 12
<PAGE>

                         CYPRESSTREE INSTITUTIONAL FUND, LLC, as a Lender
                         By: CypressTree Investment Management Company, Inc.,
                         its Managing Member

                         By:____________________________________________________
                            Name:_______________________________________________
                            Title:______________________________________________

                         NORTH AMERICAN SENIOR FLOATING RATE FUND, as a Lender

                         By: Cypress Tree Investment Management Company, Inc.,
                         as Portfolio Manager

                            By:_________________________________________________
                               Name:____________________________________________
                               Title:___________________________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 13

<PAGE>

                         DRESDNER BANK AG NEW YORK AND GRAND CAYMAN BRANCHES, as
                         a Lender

                         By: /s/ John Fleseler
                            ----------------------------------------------------
                            Name: John Fleseler
                                 -----------------------------------------------
                            Title: Senior Vice President
                                  ----------------------------------------------

                         By: /s/ Brian Schneider
                            ----------------------------------------------------
                            Name: Brian Schneider
                                 -----------------------------------------------
                            Title: Assistant Vice President
                                  ----------------------------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 14

<PAGE>

                         EATON VANCE SENIOR INCOME TRUST, as a Lender
                         By: Eaton Vance Management, as Investment Advisor

                         By:____________________________________________________
                            Name:_______________________________________________
                            Title:______________________________________________

                         SENIOR DEBT PORTFOLIO, as a Lender
                         By: Boston Management and Research, as Investment
                         Advisor

                         By:____________________________________________________
                            Name:_______________________________________________
                            Title:______________________________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 15

<PAGE>

                         ELC (CAYMAN) LTD. CDO SERIES 1999-1, as a Lender

                         By:____________________________________________________
                            Name:_______________________________________________
                            Title:______________________________________________

                         APEX (IDM) CDO I LTD., as a Lender

                         By:____________________________________________________
                            Name:_______________________________________________
                            Title:______________________________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 16
<PAGE>

                         FIRST UNION NATIONAL BANK, as a Lender

                         By: /s/ Keith Northern
                            ----------------------------------------------------
                            Name: Keith Northern
                                 -----------------------------------------------
                            Title: Director/SVP
                                  ----------------------------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 17
<PAGE>

                         FLOATING RATE PORTFOLIO, as a Lender
                         By: INVESCO Senior Secured Management, Inc. as
                         attorney in fact

                         By: /s/ Kathleen A. Lenarcic
                            ----------------------------------------------------
                            Name: Kathleen A. Lenarcic
                                 -----------------------------------------------
                            Title: Authorized Signatory
                                  ----------------------------------------------

                         AVALON CAPITAL LTD. 2, as a Lender
                         By: INVESCO Senior Secured Management, Inc. as
                         Portfolio Advisor

                         By: /s/ Kathleen A. Lenarcic
                            ----------------------------------------------------
                            Name: Kathleen A. Lenarcic
                                 -----------------------------------------------
                            Title: Authorized Signatory
                                  ----------------------------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 18

<PAGE>

                         FORTIS CAPITAL CORP., as a Lender

                         By:____________________________________________________
                            Name:_______________________________________________
                            Title:______________________________________________

                         By:____________________________________________________
                            Name:_______________________________________________
                            Title:______________________________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 19
<PAGE>

                         FRANKLIN FLOATING RATE TRUST, as a Lender

                         By:____________________________________________________
                            Name:_______________________________________________
                            Title:______________________________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 20
<PAGE>

                              HELLER FINANCIAL, INC., as a Lender

                              By: /s/ K. Craig Gallenhugh
                                 ---------------------------------------
                                  Name: K. Craig Gallenhugh
                                       ---------------------------------
                                 Title: Senior Vice President
                                       ---------------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 21
<PAGE>

                              KZH CYPRESSTREE-1 LLC, as a Lender

                              By:_______________________________________
                                 Name:__________________________________
                                 Title:_________________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 22
<PAGE>

                              MERITA BANK PLC, as a Lender

                              By:_______________________________________
                                 Name:__________________________________
                                 Title:_________________________________

                              By:_______________________________________
                                 Name:__________________________________
                                 Title:_________________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 23
<PAGE>

                         MERRILL LYNCH SENIOR FLOATING RATE FUND,
                         INC., as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                         MERRILL LYNCH PRIME RATE PORTFOLIO, as a
                         Lender
                         By: Merrill Lynch Asset Management, L.P., as
                         Investment Advisor

                         By:
                            Name:__________________________________
                            Title:_________________________________

                         MERRILL LYNCH GLOBAL INVESTMENT SERIES:
                         INCOME STRATEGIES PORTFOLIO, as a Lender
                         By: Merrill Lynch Asset Management, L.P., as
                         Investment Advisor

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                         MERRILL LYNCH SENIOR FLOATING RATE FUND
                         II, INC., as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 24
<PAGE>

                                   DEBT STRATEGIES FUND II, INC., as a Lender

                                   By:_______________________________________
                                      Name:__________________________________
                                      Title:_________________________________

                                   DEBT STRATEGIES FUND III, INC., as a Lender

                                   By:_______________________________________
                                      Name:__________________________________
                                      Title:_________________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 25
<PAGE>

                                     METROPOLITAN LIFE INSURANCE COMPANY, as a
                                     Lender

                                     By:_______________________________________
                                        Name:__________________________________
                                        Title:_________________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 26

<PAGE>

                              NATIONAL WESTMINSTER BANK PLC, as a Lender
                              By: NatWest Capital Markets Limited, its Agent
                              By: Greenwich Capital Markets, Inc., its Agent

                              By: /s/ Harry Paschalidis
                                 -------------------------------------------
                                 Name: Harry Paschalidis
                                      --------------------------------------
                                 Title: Assistant Vice President
                                       -------------------------------------

                              AMMC CDO I, LIMITED, as a Lender
                              By: American Money Management Corp., as Collateral
                              Manager

                              By: /s/ David P. Meyer
                                 -------------------------------------------
                                 Name: David P. Meyer
                                      --------------------------------------
                                 Title: Vice President
                                       -------------------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 27
<PAGE>

                                      PARIBAS CAPITAL FUNDING LLC, as a Lender

                                      By:_____________________________________
                                         Name:________________________________
                                         Title:_______________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 28
<PAGE>

                                      PNC BANK NATIONAL ASSOCIATION, as a Lender

                                      By: /s/ Keith R. White
                                         ---------------------------------------
                                        Name: Keith R. White
                                             -----------------------------------
                                        Title: Vice President
                                              ----------------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 29
<PAGE>

                                             ROYAL BANK OF CANADA, as a Lender

                                             By:________________________________
                                                Name:___________________________
                                                Title:__________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 30
<PAGE>

                                              SOCIETE GENERALE, as a Lender

                                              By:_______________________________
                                                 Name:__________________________
                                                 Title:_________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 31
<PAGE>

                                    STEIN ROE & FARNHAM, INCORPORATED, as Agent
                                    for KEYPORT LIFE INSURANCE COMPANY, as a
                                    Lender

                                    By: /s/ James R. Fellows
                                       -----------------------------------------
                                       Name: James R. Fellows
                                            ------------------------------------
                                       Title: Sr. Vice President and Portfolio
                                             -----------------------------------
                                              Manager

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 32
<PAGE>

                                       VAN KAMPEN PRIME RATE INCOME TRUST, as a
                                       Lender

                                       By: /s/ Darvin D. Pierce
                                          --------------------------------------
                                          Name: Darvin D. Pierce
                                               ---------------------------------
                                          Title: Vice President
                                                --------------------------------

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 33
<PAGE>

                                         VARIABLE INSURANCE PRODUCTS II: ASSET
                                         MANAGER PORTFOLIO, as a Lender

                                         By:___________________________________
                                            Name:______________________________
                                            Title:_____________________________

                                         VARIABLE INSURANCE PRODUCTS II: ASSET
                                         MANAGER: GROWTH PORTFOLIO, as a Lender

                                         By:___________________________________
                                            Name:______________________________
                                            Title:_____________________________

                                         FIDELITY ADVISOR SERIES II: FIDELITY
                                         ADVISTOR FLOATING RATE HIGH FUND, as a
                                         Lender

                                         By:____________________________________
                                            Name:_______________________________
                                            Title:______________________________

                                                     SECOND AMENDMENT TO AMENDED
                                         AND RESTATED LOAN AGREEMENT AND CONSENT

                                                               Signature Page 34
<PAGE>

                                  SCHEDULE 1
                                  ----------

                        SUMMARY OF MERGER TRANSACTIONS

     TeleCorp PCS, Inc. ("TeleCorp") formed a new company, TeleCorp-Tritel
Holding Company, with two subsidiaries, TTHC First Merger Sub, Inc. ("First
Merger Sub") and TTHC Second Merger Sub, Inc. ("Second Merger Sub"). At the time
the merger is completed:

     .    First Merger Sub will be merged into TeleCorp, TeleCorp will be the
          surviving corporation and TeleCorp will change its name to TeleCorp
          Wireless, Inc;

     .    Second Merger Sub will be merged into Tritel, Inc. ("Tritel"), Tritel
          will be the surviving corporation and Tritel's Certificate of
          Incorporation and By-Lays will be amended and restated in their
          entirety to read as is set forth for the Second Merger Sub (the
          "Second Merger");

     .    TeleCorp and Tritel stockholders will become stockholders of Holding
          Company through the conversion of their respective capital stock for
          Holding Company capital stock; and

     .    Holding Company will change its name to TeleCorp PCS, Inc.

          As a result, TeleCorp and Tritel will each become a wholly owned
subsidiary of Holding Company.<PAGE>

                                                                  Exhibit 10.3.4

                                                                  EXECUTION COPY

      THIRD AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT AND CONSENT

     THIS THIRD AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT AND CONSENT
(this "Amendment") is made as of this 9th day of January, 2001 by and among
       ---------
TRITEL PCS, INC., a Delaware corporation (the "Borrower"), TRITEL, INC., a
                                               --------
Delaware corporation (the "Parent"), the Lenders (as defined in the Loan
                           ------
Agreement defined below) and Toronto Dominion (Texas), Inc. (the "Administrative
                                                                  --------------
Agent"), as administrative agent for the Lenders.
-----

                              W I T N E S S E T H:
                              --------------------

     WHEREAS, the Borrower, the Parent, the Lenders and the Administrative Agent
are all parties to that certain Amended and Restated Loan Agreement dated as of
March 31, 1999 as amended by that certain First Amendment thereto dated as of
April 21, 1999 and that certain Second Amendment thereto dated as of October 31,
2000 (the "Loan Agreement"); and
           --------------

     WHEREAS, the Borrower desires to issue indebtedness, which may be (a)
subordinated indebtedness incurred pursuant to Section 7.1(g) of the Loan
Agreement or (b) unsecured indebtedness of the Borrower (in either event, the
"Additional Debt"); and
 ---------------

     WHEREAS, the Borrower has requested that the Administrative Agent and the
Lenders, and the Administrative Agent and the Lenders have agreed, subject to
the terms hereof, to amend the Loan Agreement and to consent to the terms of the
Additional Debt, in each case, as provided herein;

     NOW, THEREFORE, for and in consideration of the mutual covenants and
agreements contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is acknowledged, the parties agree that all
capitalized terms used herein which are not otherwise defined herein shall have
the meanings ascribed thereto in the Loan Agreement and further agree as
follows:

     1.   Amendments to Article 1, Definitions, of the Loan Agreement.  Section
          -----------------------------------------------------------
1.1, Defined Terms, of the Loan Agreement is hereby amended by deleting each of
     -------------
the definitions of  "Annualized Operating Cash Flow" and "License Subs" in its
entirety and by substituting, in lieu thereof, the following:

          "'Annualized Operating Cash Flow' shall mean the product of (a)
            ------------------------------
     Operating Cash Flow for the most recently completed two (2) fiscal quarter
     period (or if the calculation date is the last day of a fiscal quarter,
     then the two (2) fiscal quarter period ending on such date) times (b) two
                                                                 -----
     (2); provided, however, that for all calculation dates for the period
          --------  -------
     beginning December 31, 2002 through March 30, 2003, "Annualized Operating
<PAGE>

     Cash Flow" shall mean the product of (i) Operating Cash Flow for the fiscal
     quarter ended December 31, 2002 times (ii) four (4); provided, further,
                                     -----                --------  -------
     that for the purposes of calculating compliance with Section 7.16 hereunder
     on December 31, 2003, "Annualized Operating Cash Flow" shall mean the
     product of (a) the sum of Operating Cash Flow for the fiscal quarters ended
     September 30, 2003 and December 31, 2003 times (b) two (2)."
                                              -----

          "'License Subs' shall mean, collectively, Tritel A/B Holding Corp.,
            ------------
     Tritel C/F Holding Corp., NexCom, Inc., Clearcall, Inc., Global PCS, Inc.,
     Clearwave, Inc., DigiNet PCS, Inc., DigiCom, Inc., DigiCall, Inc., Tritel
     License-Alabama, Inc., Tritel License-Florida, Inc. and Tritel License-
     Georgia, Inc., each a Delaware corporation, and AirCom PCS, Inc. and
     QuinCom, Inc., each an Alabama corporation, and any other wholly-owned
     Subsidiary of the Borrower designated as a License Sub by notice to the
     Administrative Agent, in each case, the Capital Stock of which is pledged
     to the Administrative Agent pursuant to a Borrower's Pledge Agreement or a
     Subsidiary Pledge Agreement, as appropriate; and 'License Sub' shall mean
                                                       -----------
     any one of the foregoing License Subs."

     2.  Amendments to Article 7, Negative Covenants, of the Loan Agreement.
         ------------------------------------------------------------------

          (a) Amendment to Section 7.1.  Section 7.1 of the Loan Agreement,
              ------------------------
Indebtedness of the Parent, the Borrower and the Borrower's Subsidiaries, is
------------------------------------------------------------------------
hereby amended by deleting the word "and" at the end of Section 7.1(l), deleting
the "." at the end of Section 7.1(m) and substituting in lieu thereof the
following:

          "; and

          (n) Indebtedness of the Borrower not to exceed $50,000,000 in the
     aggregate outstanding at any time, provided that such Indebtedness is (i)
     unsecured, (ii) in favor of vendors of equipment useful to the Borrower's
     and its Subsidiaries' businesses, and (iii) subordinated to the Obligations
     on terms and conditions satisfactory to the Administrative Agent."

          (b) Amendment to Section 7.13.  Section 7.13 of the Loan Agreement,
              -------------------------
Maximum Capital Expenditures, is hereby amended by deleting such Section in its
----------------------------
entirety and substituting in lieu thereof the following:

          "Section 7.13  Maximum Capital Expenditures.  (a) As of each fiscal
                         ----------------------------
     quarter end set forth below, and (b) at the time of any Advance hereunder
     which, if funded, would increase the aggregate principal amount of the
     Loans outstanding on such date of determination, the Borrower shall not
     permit Capital Expenditures (excluding assets purchased with the proceeds
     of obsolete, worn out or no longer useful assets as permitted by Section
     7.4(a) hereof and, on and after the TeleCorp/Tritel Merger Effective Date,
     excluding assets purchased with the proceeds of any capital contributed to
     the Parent by Holdings or any loans made to the Parent by Holdings
     permitted hereunder and

                                      -2-
<PAGE>

     contributed by the Parent to the Borrower as capital or otherwise lent by
     the Parent to the Borrower) for the Borrower and its Subsidiaries to exceed
     in any period:

<TABLE>
<CAPTION>
     Period                                                           Total Capital Expenditures
     ------                                                           --------------------------
     <S>                                                              <C>
     From January 1, 2000 through December 31, 2000                   $411,000,000
     From January 1, 2001 through December 31, 2001                   $175,000,000
     From January 1, 2002 through December 31, 2002                   $ 75,000,000
     From January 1, 2003 through December 31, 2003                   $ 50,000,000
     From January 1, 2004 through December 31, 2004                   $ 50,000,000
     From January 1, 2005 through December 31, 2005                   $ 50,000,000
     From January 1, 2006 through December 31, 2006                   $ 50,000,000
     From January 1, 2007 through December 31, 2007                   $ 50,000,000
</TABLE>

    ; provided that any permitted amount which is not spent in any period
      --------
    specified above (excluding any amount carried forward from the immediately
    preceding period permitted to be spent during such period) may be carried
    forward to the immediately subsequent period, and may be spent in addition
    to the otherwise applicable limitation for such period; provided further
                                                            -------- -------
    that for purposes of calculating the amount of any carry-forward amount for
    any period under this Section 7.13, any amount carried forward from the
    preceding period shall be deemed to be the first amount spent during the
    current period; provided, further, that on and after the TeleCorp/Tritel
                    --------  -------
    Merger Effective Date, that in addition to the amounts otherwise permitted
    under this Section 7.13, the Borrower and its Subsidiaries may make
    additional Capital Expenditures in an aggregate amount not to exceed the
    product of (x) $10.00 multiplied by (y) the number of aggregate POPs located
                          -------------
    within the network for the purposes of constructing voice, data, video
    and/or other media communication systems using new technology pursuant to a
    business plan and during periods approved of in advance in writing by the
    Required Lenders."

          (c) Amendment to Section 7.14.  Section 7.14 of the Loan Agreement,
              -------------------------
Total Leverage Ratio, is hereby amended by deleting such Section in its entirety
--------------------
and substituting in lieu thereof the following:

          "Section 7.14  Total Leverage Ratio.  (a) As of the end of any
                         --------------------
     calendar quarter and (b) at the time of any Advance hereunder (after giving
     effect to such Advance) which, if funded, would increase the aggregate
     principal amount of the Loans outstanding on such date of determination, in
     each case, on and after December 31, 2002, the Borrower shall not permit
     the Total Leverage Ratio to exceed the ratios set forth below during the
     periods indicated:

                                      -3-
<PAGE>

                    Period                                       Ratio
                    ------                                       -----

          December 31, 2002                                      12.50:1

          January 1, 2003 through
          March 31, 2003                                         12.00:1

          April 1, 2003 through
          June 30, 2003                                           9.00:1

          July 1, 2003 through
          December 31, 2003                                       7.00:1

          January 1, 2004 and
          thereafter                                              5.00:1"

          (d) Amendment to Section 7.15.  Section 7.15 of the Loan Agreement,
              -------------------------
Senior Leverage Ratio, is hereby amended by deleting such Section in its
---------------------
entirety and substituting in lieu thereof the following:

          "Section 7.15  Senior Leverage Ratio.  (a) As of the end of any
                         ---------------------
     calendar quarter and (b) at the time of any Advance hereunder (after giving
     effect to such Advance) which, if funded, would increase the aggregate
     principal amount of the Loans outstanding on such date of determination, in
     each case, on and after December 31, 2002, the Borrower shall not permit
     the Senior Leverage Ratio to exceed the ratios set forth below during the
     periods indicated:

                    Period                                       Ratio
                    ------                                       -----

          December 31, 2002                                      10.00:1

          January 1, 2003 through
          March 31, 2003                                          9.00:1

          April 1, 2003 through
          June 30, 2003                                           6.00:1

          July 1, 2003 through
          December 31, 2003                                       5.00:1

          January 1, 2004 and thereafter                          4.00:1"

                                      -4-
<PAGE>

          (e) Amendment to Section 7.16.  Section 7.16 of the Loan Agreement,
              -------------------------
Fixed Charges Coverage Ratio, is hereby amended by deleting such Section in its
----------------------------
entirety and substituting in lieu thereof the following:

          "Section 7.16  Fixed Charges Coverage Ratio.  (a) As of the end of any
                         ----------------------------
     calendar quarter and (b) at the time of any Advance hereunder (after giving
     effect to such Advance) which, if funded, would increase the aggregate
     principal amount of the Loans outstanding on such date of determination,
     the Borrower shall not permit the Fixed Charges Coverage Ratio to be less
     than the ratios set forth below for the periods indicated:

                    Period                    Ratio
                    ------                    -----

          December 31, 2003 through
           March 31, 2004                      1.00:1

          April 1, 2004 and thereafter        1.10:1"

          (f) Amendment to Section 7.17.  Section 7.17 of the Loan Agreement,
              -------------------------
Interest Coverage, is hereby amended by deleting such Section in its entirety
-----------------
and substituting in lieu thereof the following:

          "Section 7.17  Interest Coverage Ratio.  (a) As of the end of any
                         -----------------------
     calendar quarter and (b) at the time of any Advance hereunder (after giving
     effect to such Advance) which, if funded, would increase the aggregate
     principal amount of the Loans outstanding on such date of determination,
     the Borrower shall not permit the Interest Coverage Ratio to be less than
     the ratios set forth below for the periods indicated:

                  Period                       Ratio
                  ------                       -----

          January 1, 2003 through
          September 30, 2003                  1.25:1

          October 1, 2003 through
          September 30, 2004                  1.50:1

          October 1, 2004
          and thereafter                      2.00:1"

     3.   Consent to Terms of Additional Debt.  Subject to the terms and
          -----------------------------------
conditions hereof, and notwithstanding any provisions of the Loan Agreement, the
Lenders hereby consent to the terms of the Additional Debt set forth in the
description of notes attached hereto as Exhibit A and made a part hereof (or on
                                        ---------
terms substantially as set forth in the description of notes attached hereto as
Exhibit A and in no event materially less favorable to the interests of the
---------
Lenders than the terms set forth in such description of notes).  On or prior to
the issuance of such Additional

                                      -5-
<PAGE>

Debt, the Borrower and the Parent shall provide to the Administrative Agent, in
form and substance satisfactory to the Administrative Agent, (a) certification
to the Lenders (i) of the Borrower's and the Parent's compliance with Sections
7.8 through and including 7.17 of the Loan Agreement both before and after
giving effect to the issuance of the Additional Debt, (ii) that neither a
Default or an Event of Default exists or will be caused by the issuance of the
Additional Debt, (iii) that the aggregate initial public offering price or
purchase price of such Additional Debt when added to Subordinated Debt
previously issued pursuant to Section 7.1(g) does not exceed $750,000,000.00 in
the aggregate, and (iv) that the proceeds of such Additional Debt will be used
by the Borrower solely to fund the transaction costs related to such Additional
Debt, the build-out of the Borrower's Cellular System and working capital needs
and other general corporate purposes of the Borrower and its Subsidiaries
related to such build-out, (b) pro forma projections after giving effect to such
Additional Debt, and (c) evidence that the documentation evidencing such
Additional Debt shall be on the terms set forth in the description of notes
attached hereto as Exhibit A (or on terms substantially as set forth in the
                   ---------
description of notes attached hereto as Exhibit A and in no event materially
                                        ---------
less favorable to the interests of the Lenders than are the terms set forth in
such description of notes). If the Additional Debt is expressly subordinated to
the Obligations, the Additional Debt shall be "Subordinated Debt" for all
purposes under the Loan Agreement and the other Loan Documents. Notwithstanding
anything herein or in the Loan Agreement to the contrary, (a) the aggregate
initial public offering price or purchase price of the Additional Debt shall be
applied to reduce the limitation on Subordinated Debt set forth in Section
7.1(g) of the Loan Agreement, (b) for purposes of Section 7.7 of the Loan
Agreement and for all other purposes under the Loan Agreement such Additional
Debt shall be deemed to be Indebtedness permitted by Section 7.1 of the Loan
Agreement, and (c) such Additional Debt shall not be counted as part of the
Indebtedness permitted under Section 7.1(j) of the Loan Agreement.

     4.   No Other Amendment or Waiver.  Notwithstanding the agreement of the
          ----------------------------
Lenders to the terms and provisions of this Amendment, the Borrower and the
Parent acknowledge and expressly agree that this Amendment is limited to the
extent expressly set forth herein and shall not constitute a modification of the
Loan Agreement or any other Loan Documents or a course of dealing at variance
with the terms of the Loan Agreement or any other Loan Documents (other than as
expressly set forth above) so as to require further notice by the Administrative
Agent or the Lenders, or any of them, of its or their intent to require strict
adherence to the terms of the Loan Agreement and the other Loan Documents in the
future. All of the terms, conditions, provisions and covenants of the Loan
Agreement and the other Loan Documents shall remain unaltered and in full force
and effect.

     5.   Representations and Warranties.  Each of the Borrower and the Parent
          ------------------------------
hereby represents and warrants to and in favor of the Administrative Agent and
the Lenders as follows:

          (a) each representation and warranty set forth in Article 4 of the
Loan Agreement is hereby restated and affirmed as true and correct in all
material respects as of the date hereof after giving effect to this Amendment,
except to the extent previously fulfilled in accordance with the terms of the
Loan Agreement or to the extent relating specifically to the Agreement Date (or
date prior thereto) or otherwise inapplicable;

                                      -6-
<PAGE>

          (b) each of the Borrower and the Parent has the corporate power and
authority (i) to enter into this Amendment and (ii) to do all acts and things as
are required or contemplated hereunder to be done, observed and performed by it;

          (c) this Amendment has been duly authorized, validly executed and
delivered by one or more Authorized Signatories of each of the Borrower and the
Parent, and this Amendment and the Loan Agreement, as amended hereby, constitute
the legal, valid and binding obligations of each of the Borrower and the Parent,
enforceable against each of the Borrower and the Parent in accordance with their
respective terms, subject, as to enforcement of remedies, to the following
qualifications:  (i) an order of specific performance and an injunction are
discretionary remedies and, in particular, may not be available where damages
are considered an adequate remedy at law and (ii) enforcement may be limited by
bankruptcy, insolvency, liquidation, reorganization, reconstruction and other
similar laws affecting enforcement of creditors' rights generally (insofar as
any such law relates to the bankruptcy, insolvency or similar event of the
Borrower or the Parent); and

          (d) the execution and delivery of this Amendment and performance by
each of the Borrower and the Parent under the Loan Agreement, as amended hereby,
does not and will not require the consent or approval of any regulatory
authority or governmental authority or agency having jurisdiction over the
Borrower and/or the Parent which has not already been obtained, nor be in
contravention of or in conflict with the certificate of incorporation or by-laws
of either of the Borrower and the Parent, or any provision of any statute,
judgment, order, indenture, instrument, agreement, or undertaking, to which the
Borrower and/or the Parent is party or by which the Borrower's and/or the
Parent's respective assets or properties are bound.

     6.   Conditions Precedent to Effectiveness of Amendment.  The effectiveness
          --------------------------------------------------
of this Amendment is subject to:

          (a) the execution and delivery of counterparts of this Amendment by
the Borrower, the Parent, the Administrative Agent and the Required Lenders;

          (b) all of the representations and warranties of each of the Borrower
and the Parent under Section 5 hereof, which are made as of the date hereof,
being true and correct in all material respects;

          (c) receipt by the Administrative Agent, on behalf of the Lenders
executing and delivering this Amendment on or prior to 5 p.m. (New York time) on
Tuesday, January 9, 2001, of an amendment fee in the amount of 0.125% of the sum
of (i) the aggregate outstanding Loans (other than the outstanding Revolving
Loans) of such Lenders and (ii) the Revolving Loan Commitments of such Lenders
(such sum, the "Amendment Fee"), which Amendment Fee shall be fully earned when
                -------------
due and non-refundable when paid; and

                                      -7-
<PAGE>

          (d) receipt of any other documents or instruments that the
Administrative Agent, the Lenders, or any of them, may reasonably request,
certified by an officer of each of the Borrower and the Parent if so requested.

     7.   Additional Condition Precedent for Amendment to Section 7.13.  In
          ------------------------------------------------------------
addition to the satisfaction of the Conditions Precedent set forth in Section 6
hereof, the amendment to Section 7.13 of the Loan Agreement set forth in Section
2(a) hereof shall be effective only if the Administrative Agent has received a
certificate of the Borrower in form and substance satisfactory to the
Administrative Agent setting forth evidence that the gross proceeds of such
Additional Debt will be no less than $200,000,000.

     8.   Counterparts.  This Amendment may be executed in multiple
          ------------
counterparts, each of which shall be deemed to be an original and all of which
when taken together shall constitute one and the same agreement.

     9.   Loan Documents.  Each reference in the Loan Agreement or any other
          --------------
Loan Document to the term "Loan Agreement" shall hereafter mean and refer to the
Loan Agreement as amended hereby and as the same may hereafter be amended.

     10.  Governing Law.  This Amendment shall be construed in accordance with
          -------------
and governed by the internal laws of the State of New York applicable to
agreements made and to be performed in New York.

     11.  Effective Date.  Upon satisfaction of the conditions precedent
          --------------
referred to in Section 6 above, this Amendment shall be effective as of the date
first above written (except for Section 2(a) hereof, which shall be effective on
the date that the conditions precedent referred to in Section 6 above and of the
additional condition precedent referred to in Section 7 are satisfied).

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -8-
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement or
caused it to be executed under seal by their duly authorized officers, all as of
the day and year first above written.

BORROWER:                          TRITEL PCS, INC., a Delaware corporation

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

PARENT:                            TRITEL, INC., a Delaware corporation

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 1

<PAGE>

ADMINISTRATIVE AGENT
AND LENDERS:                       TORONTO DOMINION (TEXAS), INC., as
                                   Administrative Agent and as a Lender

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT

                                                                Signature Page 2
<PAGE>

                        ABN AMRO BANK N.V., as a Lender

                        By: _____________________________________
                            Name:________________________________
                            Title:_______________________________

                        By: _____________________________________
                            Name:________________________________
                            Title:_______________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 3
<PAGE>

                       AMMC CDO I, LIMITED, as a Lender
                       By: American Money Management Corp., as Collateral
                       Manager

                       By: ______________________________________
                           Name:_________________________________
                           Title:________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 4
<PAGE>

                      APEX (IDM) CDO I LTD., as a Lender

                      By: ___________________________________________
                          Name:______________________________________
                          Title:_____________________________________

                      ELC (CAYMAN) LTD. CDO SERIES 1999-1, as a Lender

                      By: ____________________________________________
                          Name:_______________________________________
                          Title:______________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 5

<PAGE>

                      AVALON CAPITAL LTD. 2, as a Lender
                      By: INVESCO Senior Secured Management, Inc. as attorney
                      in fact

                      By: ____________________________________________
                         Name:________________________________________
                         Title:_______________________________________

                      FLOATING RATE PORTFOLIO, as a Lender
                      By: INVESCO Senior Secured Management, Inc. as attorney
                      in fact

                      By: ________________________________________________
                         Name:____________________________________________
                         Title:___________________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 6
<PAGE>

                      BANK OF AMERICA, N.A., as a Lender

                      By: ________________________________________________
                          Name:___________________________________________
                          Title:__________________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 7
<PAGE>

                      BANK OF MONTREAL, as a Lender

                      By: ________________________________________________
                         Name:____________________________________________
                         Title:___________________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 8
<PAGE>

                       THE BANK OF NEW YORK, as a Lender

                       By: _____________________________________________
                           Name:________________________________________
                           Title:_______________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                                Signature Page 9
<PAGE>

                     THE BANK OF NOVA SCOTIA, as a Lender

                     By:_______________________________________________
                         Name:_________________________________________
                         Title:________________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 10
<PAGE>

                      THE BANK OF TOKYO-MITSUBISHI TRUST
                      COMPANY, as a Lender

                      By: __________________________________________
                          Name:_____________________________________
                          Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 11
<PAGE>

                        BARCLAYS BANK PLC, as a Lender

                        By: _____________________________________________
                            Name:________________________________________
                            Title:_______________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 12
<PAGE>

                                   CIBC INC., as a Lender

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                                       RESTATED LOAN AND CONSENT
                                                               Signature Page 13
<PAGE>

                                   THE CIT GROUP/EQUIPMENT FINANCING, INC., as a
                                   Lender

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                                       RESTATED LOAN AND CONSENT
                                                               Signature Page 14

<PAGE>

                                   CREDIT LYONNAIS NEW YORK BRANCH, as a
                                   Lender

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                                       RESTATED LOAN AND CONSENT
                                                               Signature Page 15

<PAGE>

                                   CYPRESSTREE INSTITUTIONAL FUND, LLC, as a
                                   Lender
                                   By: CypressTree Investment Management
                                   Company, Inc., its Managing Member

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                   NORTH AMERICAN SENIOR FLOATING RATE
                                   FUND, as a Lender
                                   By: Cypress Tree Investment Management
                                   Company, Inc., as Portfolio Manager

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                                       RESTATED LOAN AND CONSENT
                                                               Signature Page 16

<PAGE>

                                   DEBT STRATEGIES FUND, INC., as a Lender

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                   MASTER SENIOR FLOATING RATE TRUST, as a
                                   Lender

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                   MERRILL LYNCH GLOBAL INVESTMENT SERIES:
                                   INCOME STRATEGIES PORTFOLIO, as a Lender
                                   By: Merrill Lynch Asset Management, L.P., as
                                   Investment Advisor

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                   MERRILL LYNCH PRIME RATE PORTFOLIO, as a
                                   Lender
                                   By: Merrill Lynch Asset Management, L.P., as
                                   Investment Advisor

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                   MERRILL LYNCH SENIOR FLOATING RATE FUND,
                                   INC., as a Lender

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                                       RESTATED LOAN AND CONSENT
                                                               Signature Page 17

<PAGE>

                                   DRESDNER BANK AG NEW YORK AND GRAND
                                   CAYMAN BRANCHES, as a Lender

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                                       RESTATED LOAN AND CONSENT
                                                               Signature Page 18

<PAGE>

                                   EATON VANCE SENIOR INCOME TRUST, as a Lender
                                   By: Eaton Vance Management, as Investment
                                   Advisor

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                   SENIOR DEBT PORTFOLIO, as a Lender
                                   By: Boston Management and Research, as
                                   Investment Advisor

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                                       RESTATED LOAN AND CONSENT
                                                               Signature Page 19

<PAGE>

                                   FIRST UNION NATIONAL BANK, as a Lender

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                                       RESTATED LOAN AND CONSENT
                                                               Signature Page 20

<PAGE>

                                   FORTIS CAPITAL CORP., as a Lender

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                                       RESTATED LOAN AND CONSENT
                                                               Signature Page 21

<PAGE>

                                   FRANKLIN FLOATING RATE TRUST, as a Lender

                                   By:__________________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                                       RESTATED LOAN AND CONSENT
                                                               Signature Page 22

<PAGE>

                         HELLER FINANCIAL, INC., as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 23

<PAGE>

                         KZH CYPRESSTREE-1 LLC, as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 24

<PAGE>

                         MERITA BANK PLC, as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 25

<PAGE>

                         METROPOLITAN LIFE INSURANCE COMPANY, as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 26

<PAGE>

                         NATIONAL WESTMINSTER BANK PLC, as a Lender
                         By: NatWest Capital Markets Limited, its Agent
                         By: Greenwich Capital Markets, Inc., its Agent

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 27

<PAGE>

                         PARIBAS CAPITAL FUNDING LLC, as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 28

<PAGE>

                         PNC BANK NATIONAL ASSOCIATION, as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 29

<PAGE>

                         ROYAL BANK OF CANADA, as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 30

<PAGE>

                         SOCIETE GENERALE, as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 31

<PAGE>

                         STEIN ROE & FARNHAM, INCORPORATED, as Agent for KEYPORT
                         LIFE INSURANCE COMPANY, as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 32

<PAGE>

                         VAN KAMPEN PRIME RATE INCOME TRUST, as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 33

<PAGE>

                         VARIABLE INSURANCE PRODUCTS II:  ASSET
                         MANAGER PORTFOLIO, as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                         VARIABLE INSURANCE PRODUCTS II:  ASSET
                         MANAGER:  GROWTH PORTFOLIO, as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                         FIDELITY ADVISOR SERIES II:  FIDELITY ADVISOR FLOATING
                         RATE HIGH FUND, as a Lender

                         By:_______________________________________
                            Name:__________________________________
                            Title:_________________________________

                                                  THIRD AMENDMENT TO AMENDED AND
                                             RESTATED LOAN AGREEMENT AND CONSENT
                                                               Signature Page 34

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