Document:

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                                                                   EXHIBIT 10.94

                                                                  EXECUTION COPY

                               TELECORP PCS, INC.

                                  $450,000,000

                   10 5/8% Senior Subordinated Notes due 2010

                               PURCHASE AGREEMENT

                                                                   July 11, 2000

CHASE SECURITIES INC.
LEHMAN BROTHERS INC.
DEUTSCHE BANK SECURITIES INC.
c/o Chase Securities Inc.
270 Park Avenue, 4th floor
New York, New York 10017

Ladies and Gentlemen:

          TeleCorp PCS, Inc., a Delaware corporation (the "Company"), proposes
                                                           -------
to issue and sell $450,000,000 aggregate principal amount of its 10 5/8% Senior
Subordinated Notes due 2010 (the "Securities").  The Securities will be issued
                                  ----------
pursuant to an Indenture to be dated as of July 14, 2000 (the "Indenture") among
                                                               ---------
the Company, TeleCorp Communications, Inc. (the "Subsidiary Guarantor") and
                                                 --------------------
Bankers Trust Company, as trustee (the "Trustee"), and will be guaranteed on an
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unsecured senior subordinated basis by the Subsidiary Guarantor.  The Company
and the Subsidiary Guarantor hereby confirm their agreement with Chase
Securities Inc. ("CSI"), Lehman Brothers Inc. ("Lehman") and Deutsche Bank
                  ---                           ------
Securities Inc. ("Deutsche Bank" and together with CSI and Lehman, the "Initial
                  -------------                                         -------
Purchasers") concerning the purchase of the Securities from the Company by the
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several Initial Purchasers.

          The Securities will be offered and sold to the Initial Purchasers
without being registered under the Securities Act of 1933, as amended (the
"Securities Act"), in reliance upon an exemption therefrom.  The Company has
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prepared a preliminary offering memorandum dated June 30, 2000 (including
information incorporated by reference therein, the "Preliminary Offering
                                                    --------------------
Memorandum") and will prepare an offering memorandum dated the date hereof
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(including information incorporated by reference therein, the "Offering
                                                               --------
Memorandum") setting forth and incorporating by reference information concerning
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the Company, the Subsidiary Guarantor, the proposed merger with Tritel, Inc. and
contribution with AT&T Wireless Services, Inc. pursuant to the Agreement and
Plan of Reorganization and Contribution dated February 28, 2000, and the
Securities.  Copies of the Preliminary Offering Memorandum have been, and copies
of the Offering Memorandum will be, delivered by the Company to the Initial
Purchasers pursuant to the terms of
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this Agreement. Any references herein to the Preliminary Offering Memorandum and
the Offering Memorandum shall be deemed to include all amendments and
supplements thereto, unless otherwise noted. The Company hereby confirms that it
has authorized the use of the Preliminary Offering Memorandum and the Offering
Memorandum in connection with the offering and resale of the Securities by the
Initial Purchasers in accordance with Section 2.

          Holders of the Securities (including the Initial Purchasers and their
direct and indirect transferees) will be entitled to the benefits of an Exchange
and Registration Rights Agreement, substantially in the form attached hereto as
Annex A (the "Registration Rights Agreement"), pursuant to which the Company
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will agree to file with the Securities and Exchange Commission (the
"Commission") (i) a registration statement under the Securities Act (the
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"Exchange Offer Registration Statement") registering an issue of senior
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subordinated notes of the Company (the "Exchange Securities") which are
                                        -------------------
identical in all material respects to the Securities (except that the Exchange
Securities will not contain terms with respect to transfer restrictions or
registration rights) and (ii) under certain circumstances, a shelf registration
statement pursuant to Rule 415 under the Securities Act (the "Shelf Registration
                                                              ------------------
Statement").
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          Capitalized terms used but not defined herein shall have the meanings
given to such terms in the Indenture.

          1.  Representations, Warranties and Agreements of the Company. The
Company and the Subsidiary Guarantor represent and warrant to, and agree with,
the several Initial Purchasers on and as of the date hereof and the Closing Date
(as defined in Section 3) that:

          (a)  Each of the Preliminary Offering Memorandum and the Offering
     Memorandum, as of its respective date, did not, and on the Closing Date the
     Offering Memorandum will not, contain any untrue statement of a material
     fact or omit to state a material fact required to be stated therein or
     necessary in order to make the statements therein, in the light of the
     circumstances under which they were made, not misleading; provided that the
                                                               --------
     Company and the Subsidiary Guarantor make no representation or warranty as
     to information contained in or omitted from the Preliminary Offering
     Memorandum or the Offering Memorandum in reliance upon and in conformity
     with written information relating to the Initial Purchasers furnished to
     the Company by or on behalf of any Initial Purchaser specifically for use
     therein (the "Initial Purchasers' Information").
                   -------------------------------

          (b)  Each of the Preliminary Offering Memorandum and the Offering
     Memorandum, as of its respective date, contains all of the information
     that, if requested by a prospective purchaser of the Securities, would be
     required to be provided to such prospective purchaser pursuant to Rule
     144A(d)(4) under the Securities Act.

          (c)  Assuming the accuracy of the representations and warranties of
     the Initial Purchasers contained in Section 2 and their compliance with the
     agreements set forth therein, it is not necessary, in connection with the
     issuance and sale of the Securities to the Initial Purchasers and the
     offer, resale and delivery of the Securities by the Initial Purchasers in
     the manner contemplated by this Agreement and the Offering Memorandum, to
     register the Securities under the Securities Act or to qualify the
     Indenture under the Trust Indenture Act of 1939, as amended (the "Trust
                                                                       -----
     Indenture Act").
     -------------
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          (d)  Except as set forth an Exhibit A hereto, the Company has no
     subsidiaries and holds no minority interest in any entity.  The Company and
     each of its subsidiaries have been duly incorporated or formed and are
     validly existing as corporations, limited liability companies or limited
     partnerships in good standing under the laws of their respective
     jurisdictions of incorporation or formation, are duly qualified to do
     business and are in good standing as foreign corporations, limited
     liability companies or limited partnerships in each jurisdiction in which
     their respective ownership or lease of property or the conduct of their
     respective businesses requires such qualification, and have all power and
     authority necessary to own or hold their respective properties and to
     conduct the businesses in which they are engaged, except where the failure
     to so qualify or have such power or authority could not, singularly or in
     the aggregate, be reasonably expected to have a material adverse effect on
     the condition (financial or otherwise), results of operations, business or
     business prospects of the Company and its subsidiaries taken as a whole (a
     "Material Adverse Effect").
      -----------------------

          (e)  As of the Closing Date, all of the outstanding shares of capital
     stock of the Company have been duly and validly authorized and issued and
     are fully paid and non-assessable; and the capital stock of the Company
     conforms in all material respects to the description thereof set forth in
     Exhibit B attached hereto.  All of the outstanding shares of capital stock
     of each subsidiary of the Company have been duly and validly authorized and
     issued, are fully paid and non-assessable and, except as set forth on
     Exhibit A hereto, are owned directly or indirectly by the Company, free and
     clear of any lien, charge, encumbrance, security interest, restriction upon
     voting or transfer or any other claim of any third party, other than (i)
     liens, charges, encumbrances and security interests created by the Credit
     Agreement dated as of July 17, 1998, among the Company, the Lenders
     identified therein, The Chase Manhattan Bank, as Administrative Agent and
     Issuing Bank, TD Securities (USA) Inc., as Syndication Agent, and Bankers
     Trust Company, as Documentation Agent, (ii) restrictions upon voting or
     transfer arising under (A) the Stockholders' Agreement dated as of July 17,
     1998, among AT&T Wireless PCS Inc., TWR Cellular, Inc., the investors
     identified therein, the individuals identified therein and the Company, (B)
     the Management Agreement dated as of July 17, 1999, between TeleCorp
     Management Corp. and the Company and (C) the Investors Stockholders'
     Agreement dated as of July 17, 1998, among AT&T Wireless PCS, Inc., CB
     Capital Investors, L.P., Private Equity Investors III, L.P., Equity-Linked
     Investors-II, Entergy Technology Holding Company, Whitney Equity Partners,
     L.P., Whitney Strategic Partners III, L.P., J.H. Whitney III, L.P.,
     Media/Communications Investors Limited Partnership, Media/Communications
     Partners III Limited Partnership, Toronto Dominion Investments, Inc.,
     Northwood Ventures LLC, Northwood Capital Partners LLC, One Liberty Fund
     III, L.P., Hoak Communications Partners, L.P., HCP Capital Fund, L.P. and
     the stockholders named therein, (iii) restrictions contained in the
     Agreement and Plan of Reorganization and Contribution dated as of February
     28, 2000, as amended, waived or otherwise modified from time to time, among
     the Company, Tritel, Inc. and AT&T Wireless Services, Inc.; and (iv)
     restrictions contained in the Asset Exchange Agreement dated as of February
     28, 2000, as amended, waived or otherwise modified from time to time, among
     the Company, AT&T Wireless PCS, LLC, TeleCorp PCS, LLC, TeleCorp Holding
     Corp., Inc., TeleCorp Communications, Inc., TeleCorp Equipment Leasing,
     L.P. and TeleCorp Realty, LLC.  The table under the heading
     "Capitalization" in the Offering Memorandum accurately sets forth the
     Company's
<PAGE>

     capitalization as of March 31, 2000, and as of March 31, 2000 as adjusted
     for the sale of the Securities.

          (f)  Each of the Company and the Subsidiary Guarantor has full right,
     power and authority to execute and deliver this Agreement, the Indenture,
     the Registration Rights Agreement and the Securities (in the case of the
     Company only) (collectively, the "Transaction Documents") and to perform
                                       ---------------------
     its obligations hereunder and thereunder; and all corporate action required
     to be taken for the due and proper authorization, execution and delivery of
     each of the Transaction Documents and the consummation of the transactions
     contemplated thereby have been duly and validly taken.

          (g)  This Agreement has been duly authorized, executed and delivered
     by the Company and the Subsidiary Guarantor and constitutes a valid and
     legally binding agreement of the Company and the Subsidiary Guarantor.

          (h)  The Registration Rights Agreement has been duly authorized by the
     Company and the Subsidiary Guarantor and, when duly executed and delivered
     in accordance with its terms by each of the parties thereto, will
     constitute a valid and legally binding agreement of the Company and the
     Subsidiary Guarantor enforceable against the Company and the Subsidiary
     Guarantor in accordance with its terms, except to the extent that such
     enforceability may be limited by applicable bankruptcy, insolvency,
     fraudulent conveyance, reorganization, moratorium and other similar laws
     affecting creditors' rights generally and by general equitable principles
     (whether considered in a proceeding in equity or at law).

          (i)  The Indenture has been duly authorized by the Company and the
     Subsidiary Guarantor and, when duly executed and delivered in accordance
     with its terms by each of the parties thereto, will constitute a valid and
     legally binding agreement of the Company and the Subsidiary Guarantor
     enforceable against the Company and the Subsidiary Guarantor in accordance
     with its terms, except to the extent that such enforceability may be
     limited by applicable bankruptcy, insolvency, fraudulent conveyance,
     reorganization, moratorium and other similar laws affecting creditors'
     rights generally and by general equitable principles (whether considered in
     a proceeding in equity or at law).  On the Closing Date, the Indenture will
     conform in all material respects to the requirements of the Trust Indenture
     Act and the rules and regulations of the Commission applicable to an
     indenture which is qualified thereunder.

          (j)  The Securities have been duly authorized by the Company and the
     Subsidiary Guarantor and, when duly executed, authenticated, issued and
     delivered as provided in the Indenture and paid for as provided herein,
     will be duly and validly issued and outstanding and will constitute valid
     and legally binding obligations of the Company, as issuer, and the
     Subsidiary Guarantor, as guarantor, entitled to the benefits of the
     Indenture and enforceable against the Company as issuer, and the Subsidiary
     Guarantor, as guarantor, in accordance with their terms, except to the
     extent that such enforceability may be limited by applicable bankruptcy,
     insolvency, fraudulent conveyance, reorganization, moratorium and other
     similar laws affecting creditors' rights generally and by general equitable
     principles (whether considered in a proceeding in equity or at law).
<PAGE>

          (k)  Each Transaction Document and each other document described in
     the Offering Memorandum conforms in all material respects to the
     description thereof contained in the Offering Memorandum.

          (l)  The execution, delivery and performance by the Company and the
     Subsidiary Guarantor of each of the Transaction Documents to which each is
     a party, the issuance, authentication, sale and delivery of the Securities
     and compliance by the Company and the Subsidiary Guarantor with the terms
     thereof and the consummation of the transactions contemplated by the
     Transaction Documents (1) will not conflict with or result in a breach or
     violation of any of the terms or provisions of, or constitute a default
     under, or result in the creation or imposition of any lien, charge or
     encumbrance upon any property or assets of the Company or any of its
     subsidiaries (other than as provided by the Indenture) pursuant to, any
     material indenture, mortgage, deed of trust, loan agreement or other
     material agreement or instrument to which the Company or any of its
     subsidiaries is a party or by which the Company or any of its subsidiaries
     is bound or to which any of the property or assets of the Company or any of
     its subsidiaries is subject, nor will such actions result in any violation
     of the provisions of the charter or by-laws of the Company or any of its
     subsidiaries or any statute or any judgment, order, decree, rule or
     regulation of any court or arbitrator or governmental agency or body having
     jurisdiction over the Company or any of its subsidiaries or any of their
     properties or assets, except where such conflict, breach, violation,
     default or lien, change or encumbrance would not, singularly or in the
     aggregate, have a Material Adverse Effect; and (2) no consent, approval,
     authorization or order of, or filing or registration with, any such court
     or arbitrator or governmental agency or body under any such statute,
     judgment, order, decree, rule or regulation is required for the execution,
     delivery and performance by the Company and the Subsidiary Guarantor of
     each of the Transaction Documents to which each is a party, the issuance,
     authentication, sale and delivery of the Securities and compliance by the
     Company and the Subsidiary Guarantor with the terms thereof and the
     consummation of the transactions contemplated by the Transaction Documents,
     except for such consents, approvals, authorizations, filings, registrations
     or qualifications (i) which shall have been obtained or made prior to the
     Closing Date, (ii) as may be required to be obtained or made under the
     Securities Act and the rules and regulations promulgated thereunder and
     applicable state securities laws as provided in the Registration Rights
     Agreement, (iii) the failure to obtain (A) could not reasonably be expected
     to have a Material Adverse Effect or (B) would not materially and adversely
     affect the legal, valid and binding obligations of the Company or the
     Subsidiary Guarantor under the Transaction Documents or the ability of the
     Company or the Subsidiary Guarantor to perform its obligations under any of
     the Transaction Documents or (iv) which are otherwise not material in the
     context of the sale of the Securities.

          (m) To the best knowledge of the Company, PricewaterhouseCoopers LLP
     are independent certified public accountants with respect to the Company
     and its subsidiaries within the meaning of Rule 101 of the Code of
     Professional Conduct of the American Institute of Certified Public
     Accountants ("AICPA") and its interpretations and rulings thereunder.  The
     historical financial statements (including the related notes) contained in
     the Offering Memorandum comply in all material respects with the
     requirements applicable to a registration statement on Form S-1 under the
     Securities Act (except that disclosure of earnings per share and certain
     supporting schedules are omitted); such financial statements
<PAGE>

     have been prepared in accordance with generally accepted accounting
     principles consistently applied throughout the periods covered thereby and
     fairly present the financial position of the entities purported to be
     covered thereby at the respective dates indicated and the results of their
     operations and their cash flows for the respective periods indicated; and
     the financial information contained in the Offering Memorandum under the
     headings "Summary--Summary Historical Condensed Consolidated and Other Data
     of TeleCorp", "Capitalization", "Selected Historical Financial Data" and
     "Management's Discussion and Analysis of Financial Condition and Results of
     Operations" is derived from the accounting records of the entities covered
     thereby and fairly present the information purported to be shown thereby.
     The other historical financial information and data included in the
     Offering Memorandum are, in all material respects, fairly presented.

          (n)  There are no legal or governmental proceedings pending to which
     the Company or any of its subsidiaries is a party or of which any property
     or assets of the Company or any of its subsidiaries is the subject, other
     than proceedings described in the Offering Memorandum affecting the
     wireless communications industry generally which (i) singularly or in the
     aggregate, if determined adversely to the Company or any of its
     subsidiaries, could reasonably be expected to have a Material Adverse
     Effect or (ii) question the validity or enforceability of any of the
     Transaction Documents or any action taken or to be taken pursuant thereto;
     and to the best knowledge of the Company, no such proceedings are
     threatened or contemplated by governmental authorities or threatened by
     others.

          (o)  To the best knowledge of the Company, no action has been taken
     and no statute, rule, regulation or order has been enacted, adopted or
     issued by any governmental agency or body which prevents the issuance of
     the Securities or suspends the sale of the Securities in any jurisdiction;
     no injunction, restraining order or order of any nature by any federal or
     state court of competent jurisdiction has been issued with respect to the
     Company or any of its subsidiaries which would prevent or suspend the
     issuance or sale of the Securities or the use of the Preliminary Offering
     Memorandum or the Offering Memorandum in any jurisdiction; no action, suit
     or proceeding is pending against or, to the best knowledge of the Company,
     threatened against or affecting the Company or any of its subsidiaries
     before any court or arbitrator or any governmental agency, body or
     official, domestic or foreign, which could reasonably be expected to
     interfere with or adversely affect the issuance of the Securities or in any
     manner draw into question the validity or enforceability of any of the
     Transaction Documents or any action taken or to be taken pursuant thereto;
     and the Company has complied with any and all requests by any securities
     authority in any jurisdiction for additional information to be included in
     the Preliminary Offering Memorandum and the Offering Memorandum.

          (p)  Neither the Company nor any of its subsidiaries is (i) in
     violation of its charter, by-laws, operating agreement or limited
     partnership agreement, as appropriate, (ii) in default, and no event has
     occurred which, with notice or lapse of time or both, would constitute a
     default, in the due performance or observance of any term, covenant or
     condition contained in any material indenture, mortgage, deed of trust,
     loan agreement or other material agreement or instrument to which it is a
     party or by which it is bound or to which any of its property or assets is
     subject or (iii) in violation of any law, ordinance, governmental rule,
     regulation or court decree to which it or its property or assets may be
<PAGE>

     subject, except, in the case of clause (ii) or clause (iii), for any
     default or violation that could not reasonably be expected to have a
     Material Adverse Effect.

          (q)  Except as disclosed in the Offering Memorandum, the Company and
     each of its subsidiaries possess all material licenses, certificates,
     authorizations and permits issued by, and have made all declarations and
     filings with, the appropriate federal, state or foreign regulatory agencies
     or bodies which are necessary or desirable for the ownership of their
     respective properties or the conduct of their respective businesses as
     described in the Offering Memorandum, except where the failure to possess
     or make the same would not, singularly or in the aggregate, have a Material
     Adverse Effect, and neither the Company nor any of its subsidiaries has
     received notification of any revocation or modification of any such
     license, certificate, authorization or permit or has any reason to believe
     that any such license, certificate, authorization or permit will not be
     renewed in the ordinary course.

          (r)  The Company and each of its subsidiaries have filed all federal,
     state, local and foreign income and franchise tax returns required to be
     filed through the date hereof and have paid all taxes due thereon, and no
     tax deficiency has been determined adversely to the Company or any of its
     subsidiaries which has had (nor does the Company or any of its subsidiaries
     have any knowledge of any tax deficiency which, if determined adversely to
     the Company or any of its subsidiaries, could reasonably be expected to
     have) a Material Adverse Effect.

          (s) Neither the Company nor any of its subsidiaries is (i) an
     "investment company" or a company "controlled by" an investment company
     within the meaning of the Investment Company Act of 1940, as amended (the
     "Investment Company Act"), and the rules and regulations of the Commission
     -----------------------
     thereunder or (ii) a "holding company" or a "subsidiary company" of a
     holding company or an "affiliate" thereof within the meaning of the Public
     Utility Holding Company Act of 1935, as amended.

          (t)  The Company and each of its subsidiaries maintain a system of
     internal accounting controls sufficient to provide reasonable assurance
     that (i) transactions are executed in accordance with management's general
     or specific authorizations; (ii) transactions are recorded as necessary to
     permit preparation of financial statements in conformity with generally
     accepted accounting principles and to maintain asset accountability; (iii)
     access to financial assets is permitted only in accordance with
     management's general or specific authorization; and (iv) the recorded
     accountability for assets is compared with the existing assets at
     reasonable intervals and appropriate action is taken with respect to any
     differences to the extent necessary.

          (u)  The Company and each of its subsidiaries have insurance covering
     their respective properties, operations, personnel and businesses, which
     insurance is in amounts and insures against such losses and risks as are
     adequate to protect the Company and its subsidiaries and their respective
     businesses, determined by reference to the insurance maintained by other
     companies in the wireless communications industry.  Neither the Company nor
     any of its subsidiaries has received notice from any insurer or agent of
     such insurer that capital improvements or other expenditures are required
     or necessary to be made in order to continue such insurance.
<PAGE>

          (v)  Except as disclosed in the Offering Memorandum, the Company and
     each of its subsidiaries own or possess adequate rights to use all patents,
     patent applications, trademarks, service marks, trade names, trademark
     registrations, service mark registrations, copyrights, licenses and know-
     how (including trade secrets and other unpatented and/or unpatentable
     proprietary or confidential information, systems or procedures) necessary
     for the conduct of their respective businesses, except where the failure to
     possess such rights could not reasonably be expected to have a Material
     Adverse Effect; and the conduct of their respective businesses will not
     conflict in any respect with, and the Company and its subsidiaries have not
     received any notice of any claim of conflict with, any such rights of
     others that, if determined adversely to the Company or any of its
     subsidiaries would, individually or in the aggregate, have a Material
     Adverse Effect.

          (w)  The Company and each of its subsidiaries have good and marketable
     title in fee simple to, or have valid rights to lease or otherwise use, all
     items of real and personal property which are material to the business of
     the Company and its subsidiaries, in each case free and clear of all liens,
     encumbrances, claims and defects and imperfections of title except such as
     (i) do not materially interfere with the use made and proposed to be made
     of such property by the Company and its subsidiaries or (ii) could not
     reasonably be expected to have a Material Adverse Effect.

          (x)  No labor disturbance by or dispute with the employees of the
     Company or any of its subsidiaries exists or, to the best knowledge of the
     Company, is contemplated or threatened.

          (y)  No "prohibited transaction" (as defined in Section 406 of the
     Employee Retirement Income Security Act of 1974, as amended, including the
     regulations and published interpretations thereunder ("ERISA"), or Section
                                                            -----
     4975 of the Internal Revenue Code of 1986, as amended from time to time
     (the "Code")) or "accumulated funding deficiency" (as defined in Section
           ----
     302 of ERISA) or any of the events set forth in Section 4043(b) of ERISA
     (other than events with respect to which the 30-day notice requirement
     under Section 4043 of ERISA has been waived) has occurred with respect to
     any employee benefit plan of the Company or any of its subsidiaries which
     could reasonably be expected to have a Material Adverse Effect; each such
     employee benefit plan is in compliance in all material respects with
     applicable law, including ERISA and the Code, except where such
     noncompliance, individually or in the aggregate, could not reasonably be
     expected to have a Material Adverse Effect; the Company and each of its
     subsidiaries have not incurred and do not expect to incur liability under
     Title IV of ERISA with respect to the termination of, or withdrawal from,
     any pension plan for which the Company or any of its subsidiaries would
     have any liability; and each such pension plan that is intended to be
     qualified under Section 401(a) of the Code has filed for or received a
     favorable determination letter from the Internal Revenue Service and the
     Company has not amended any such pension plan in any way that could
     reasonably be expected to cause the loss of such qualification.

          (z)  There has been no storage, generation, transportation, handling,
     treatment, disposal, discharge, emission or other release of any kind of
     toxic or other wastes or other
<PAGE>

     hazardous substances by, due to or caused by the Company or any of its
     subsidiaries (or, to the best knowledge of the Company, any other entity
     (including any predecessor) for whose acts or omissions the Company or any
     of its subsidiaries is or could reasonably be expected to be liable) upon
     any of the property now or previously owned or leased by the Company or any
     of its subsidiaries, or upon any other property, in violation of any
     statute or any ordinance, rule, regulation, order, judgment, decree or
     permit or which would, under any statute or any ordinance, rule (including
     rule of common law), regulation, order, judgment, decree or permit, give
     rise to any liability, except for any violation or liability that could not
     reasonably be expected to have, singularly or in the aggregate with all
     such violations and liabilities, a Material Adverse Effect; and there has
     been no disposal, discharge, emission or other release of any kind onto
     such property or into the environment surrounding such property of any
     toxic or other wastes or other hazardous substances with respect to which
     the Company has knowledge, except for any such disposal, discharge,
     emission or other release of any kind which could not reasonably be
     expected to have, singularly or in the aggregate with all such discharges
     and other releases, a Material Adverse Effect.

          (aa)  Neither the Company nor, to the best knowledge of the Company
     and the Subsidiary Guarantor, any director, officer, agent, employee or
     other person associated with or acting on behalf of the Company or any of
     its subsidiaries has (i) used any corporate funds for any unlawful
     contribution, gift, entertainment or other unlawful expense relating to
     political activity; (ii) made any direct or indirect unlawful payment to
     any foreign or domestic government official or employee from corporate
     funds; (iii) violated or is in violation of any provision of the Foreign
     Corrupt Practices Act of 1977, as amended; or (iv) made any unlawful bribe,
     rebate, payoff, influence payment, kickback or other unlawful payment.

          (bb)  Except as described in the Offering Memorandum, there are no
     outstanding subscriptions, rights, warrants, calls or options to acquire,
     or instruments convertible into or exchangeable for, or agreements or
     understandings with respect to the sale or issuance of, any shares of
     capital stock of or other equity or other ownership interest in the Company
     or any of its subsidiaries.

          (cc)  Neither the Company nor any of its subsidiaries owns any "margin
     securities" as that term is defined in Regulation U of the Board of
     Governors of the Federal Reserve System (the "Federal Reserve Board"), and
                                                   ---------------------
     none of the proceeds of the sale of the Securities will be used, directly
     or indirectly, for the purpose of purchasing or carrying any margin
     security, for the purpose of reducing or retiring any indebtedness which
     was originally incurred to purchase or carry any margin security or for any
     other purpose which might cause any of the Securities to be considered a
     "purpose credit" within the meanings of Regulation T, U or X of the Federal
     Reserve Board.

          (dd)  Neither the Company nor any of its subsidiaries is a party to
     any contract, agreement or understanding with any person that would give
     rise to a valid claim against the Company or the Initial Purchasers for a
     brokerage commission, finder's fee or like payment in connection with the
     offering and sale of the Securities.
<PAGE>

          (ee)  The Securities satisfy the eligibility requirements of Rule
     144A(d)(3) under the Securities Act.

          (ff)  None of the Company, any of its affiliates or any person acting
     on its or their behalf, with respect to the Securities, has engaged or will
     engage in any directed selling efforts (as such term is defined in
     Regulation S under the Securities Act ("Regulation S")), and all such
                                             ------------
     persons have complied and will comply with the offering restrictions
     requirement of Regulation S to the extent applicable; provided that no
                                                           --------
     representation or warranty is made with respect to CSI.

          (gg)  Neither the Company nor any of its affiliates has, directly or
     through any agent, sold, offered for sale, solicited offers to buy or
     otherwise negotiated in respect of, any security (as such term is defined
     in the Securities Act), which is or will be integrated with the sale of the
     Securities in a manner that would require registration of the Securities
     under the Securities Act.

          (hh)  None of the Company, any of its affiliates or any other person
     acting on its or their behalf has engaged, in connection with the offering
     of the Securities, in any form of general solicitation or general
     advertising within the meaning of Rule 502(c) under the Securities Act.

          (ii)  Other than the Company's Class A Common Stock, there are no
     securities of the Company registered under the Securities Exchange Act of
     1934, as amended (the "Exchange Act"), or listed on a national securities
                            ------------
     exchange or quoted in a U.S. automated inter-dealer quotation system.

          (jj)  Neither the Company nor the Subsidiary Guarantor has taken or
     will take, directly or indirectly, any action prohibited by Regulation M
     under the Exchange Act in connection with the offering of the Securities.

          (kk)  No forward-looking statement (within the meaning of Section 27A
     of the Securities Act and Section 21E of the Exchange Act) contained in the
     Preliminary Offering Memorandum or the Offering Memorandum has been made or
     reaffirmed without a reasonable basis or has been disclosed other than in
     good faith.

          (ll)  None of the Company or any of its subsidiaries does business
     with the government of Cuba or with any person or affiliate located in Cuba
     within the meaning of Florida Statutes Section 517.075.

          (mm)  Since the date as of which information is given in the Offering
     Memorandum, (i) there has been no material adverse change or any
     development involving a prospective material adverse change in the
     condition, financial or otherwise, or in the earnings, business affairs,
     management or business prospects of the Company and its subsidiaries, taken
     as a whole, whether or not arising in the ordinary course of business, (ii)
     neither the Company nor the Subsidiary Guarantor has incurred any material
     liability or obligation, direct or contingent, other than
<PAGE>

     in the ordinary course of business, (iii) neither the Company nor the
     Subsidiary Guarantor has entered into any material transaction other than
     in the ordinary course of business and (iv) there has not been any change
     in the capital stock or long-term debt of the Company or the Subsidiary
     Guarantor, or any dividend or distribution of any kind declared, paid or
     made by the Company or the Subsidiary Guarantor on any class of their
     respective capital stock.

          (nn)  (i) The Company and its subsidiaries have the full use and
     benefit of all broadband personal communications services ("PCS") licenses
                                                                 ---
     issued by the Federal Communications Commission (the "FCC") to the Company
                                                           ---
     and its subsidiaries (the "Licenses") necessary to operate assets
                                --------
     constituting a radio communications system authorized under the rules for
     wireless communications services (including any license and the network,
     marketing, distribution, sales, customer interface and operations functions
     relating thereto) owned and operated by the Company or any of its
     subsidiaries in the Major Trading Areas (as defined in 47 C.F.R. (S)24.202)
     and the Basic Trading Areas (as defined in 47 C.F.R. (S)24.202) listed on
     Parts A, B, C and D of Exhibit C attached hereto and each other area in
     which the Company or any of its subsidiaries conducts a broadband PCS
     business; (ii) such Licenses have been duly issued by the FCC, are (in the
     case of Licenses listed on Parts A, B, C and D of Exhibit C) or will be
     held by a direct or indirect wholly owned subsidiary of the Company and are
     in full force and effect and (iii) the Company and its subsidiaries are in
     compliance in all material respects with all of the provisions of each such
     License held by any of them.

          (oo)  (i) The Company and each of its subsidiaries are in compliance
     in all material respects with the Communications Act of 1934, and any
     similar or successor federal statute, and the rules and regulations and
     published policies of the FCC thereunder, as amended and as in effect from
     time to time (collectively, the "Communications Act"), and all requirements
                                      ------------------
     of the FCC, including the "very small business" requirements; (ii) the
     Company has no knowledge of any investigation, notice of apparent
     liability, violation, forfeiture or other order or complaint issued by or
     before the FCC, or of any other proceedings (other than proceedings
     relating to the wireless communications industries generally) of or before
     the FCC, which could reasonably be expected to have a Material Adverse
     Effect;  (iii) no event has occurred which (A) has resulted in, or after
     notice or lapse of time or both would result in, revocation, suspension,
     adverse modifications, non-renewal, impairment, restriction or termination
     of, or order of forfeiture with respect to, any License in any respect
     which could reasonably be expected to have a Material Adverse Effect or (B)
     affects or could reasonably be expected in the future to affect any of the
     rights of the Company or any of its subsidiaries under any License held by
     the Company or any of its subsidiaries in any respect which could
     reasonably be expected to have a Material Adverse Effect; (iv) the Company
     and each of its subsidiaries have duly filed in a timely manner all
     material filings, reports, applications, documents, instruments and
     information required to be filed under the Communications Act, and all such
     filings were when made true, correct and complete in all material respects;
     and (v) the Company has no reason to believe that each License of the
     Company or any of its subsidiaries will not be renewed in the ordinary
     course.

          (pp)  The Company is in compliance in all material respects with its
     "Minimum Build-Out Plan", as defined in the Securities Purchase Agreement
     dated January 23, 1998, among AT&T Wireless PCS Inc., TWR Cellular, Inc.,
     the Cash Equity Investors
<PAGE>

     (as identified therein), the TeleCorp Investors (as identified therein),
     Gerald Vento, Thomas Sullivan and the Company (the "Securities Purchase
     Agreement").

          2.  Purchase and Resale of the Securities.  (a)  On the basis of the
representations, warranties and agreements contained herein, and subject to the
terms and conditions set forth herein, the Company agrees to issue and sell to
each of the Initial Purchasers, severally and not jointly, and each of the
Initial Purchasers, severally and not jointly, agrees to purchase from the
Company, the principal amount at maturity of Securities set forth opposite the
name of such Initial Purchaser on Schedule 1 hereto at a purchase price equal to
100% of the principal amount at maturity thereof.  The Company shall not be
obligated to deliver any of the Securities except upon payment for all of the
Securities to be purchased as provided herein.

          (b)  The Initial Purchasers have advised the Company that they propose
to offer the Securities for resale upon the terms and subject to the conditions
set forth herein and in the Offering Memorandum.  Each Initial Purchaser,
severally and not jointly, represents, warrants and agrees that (i) it is
purchasing the Securities pursuant to a private sale exempt from registration
under the Securities Act, (ii) it has not solicited offers for, or offered or
sold, and will not solicit offers for, or offer or sell, the Securities by means
of any form of general solicitation or general advertising within the meaning of
Rule 502(c) of Regulation D under the Securities Act ("Regulation D") or in any
                                                       ------------
manner involving a public offering within the meaning of Section 4(2) of the
Securities Act and (iii) it has solicited and will solicit offers for the
Securities only from, and has offered or sold and will offer, sell or deliver
the Securities, as part of their initial offering, only (A) within the United
States to persons whom it reasonably believes to be qualified institutional
buyers ("Qualified Institutional Buyers"), as defined in Rule 144A under the
         ------------------------------
Securities Act ("Rule 144A"), or if any such person is buying for one or more
                 ---------
institutional accounts for which such person is acting as fiduciary or agent,
only when such person has represented to it that each such account is a
Qualified Institutional Buyer to whom notice has been given that such sale or
delivery is being made in reliance on Rule 144A and in each case, in
transactions in accordance with Rule 144A and (B) outside the United States to
persons other than U.S. persons in reliance on Regulation S.

          (c)  In connection with the offer and sale of Securities in reliance
on Regulation S, each Initial Purchaser, severally and not jointly, represents,
warrants and agrees that:

          (i) the Securities have not been registered under the Securities Act
     and may not be offered or sold within the United States or to, or for the
     account or benefit of, U.S. persons except pursuant to an exemption from,
     or in transactions not subject to, the registration requirements of the
     Securities Act;

          (ii) such Initial Purchaser has offered and sold the Securities, and
     will offer and sell the Securities, (A) as part of their distribution at
     any time and (B) otherwise until 40 days after the later of the
     commencement of the offering of the Securities and the Closing Date, only
     in accordance with Regulation S or Rule 144A or any other available
     exemption from registration under the Securities Act;

          (iii)  none of such Initial Purchaser or any of its affiliates or any
     other person acting on its or their behalf has engaged or will engage in
     any directed selling efforts with respect to
<PAGE>

          the Securities, and all such persons have complied and will comply
          with the offering restriction requirements of Regulation S;

          (iv) at or prior to the confirmation of sale of any Securities sold in
     reliance on Regulation S, it will have sent to each distributor, dealer or
     other person receiving a selling concession, fee or other remuneration that
     purchases Securities from it during the restricted period a confirmation or
     notice to substantially the following effect:

          "The Securities covered hereby have not been registered under the U.S.
          Securities Act of 1933, as amended (the "Securities Act"), and may not
          be offered or sold within the United States or to, or for the account
          or benefit of, U.S. persons (i) as part of their distribution at any
          time or (ii) otherwise until 40 days after the later of the
          commencement of the offering of the Securities and the date of
          original issuance of the Securities, except in accordance with
          Regulation S or Rule 144A or any other available exemption from
          registration under the Securities Act. Terms used above have the
          meanings given to them by Regulation S."; and

          (v) it and each of its affiliates has not and will not enter into any
     contractual arrangement with any distributor with respect to the
     distribution of the Securities, except with its affiliates or with the
     prior written consent of the Company.

Terms used in this Section 2(c) have the meanings given to them by Regulation S.

          (d)  Each Initial Purchaser, severally and not jointly, represents,
warrants and agrees that (i) it has not offered or sold and prior to the date
that is six months after the Closing Date will not offer or sell any Securities
to persons in the United Kingdom except to persons whose ordinary activities
involve them in acquiring, holding, managing or disposing of investments (as
principal or agent) for the purposes of their businesses or otherwise in
circumstances which have not resulted and will not result in an offer to the
public in the United Kingdom within the meaning of the Public Offers of
Securities Regulations 1995; (ii) it has complied and will comply with all
applicable provisions of the Financial Services Act 1986 and the Public Offers
of Securities Regulations 1995 with respect to anything done by it in relation
to the Securities in, from or otherwise involving the United Kingdom; and (iii)
it has only issued or passed on and will only issue or pass on in the United
Kingdom any document received by it in connection with the issue of the
Securities to a person who is of a kind described in Article 11(3) of the
Financial Services Act 1986 (Investment Advertisements) (Exemptions) Order 1996
or is a person to whom such document may otherwise lawfully be issued or passed
on.

          (e)  Each Initial Purchaser, severally and not jointly, agrees that,
prior to or simultaneously with the confirmation of sale by such Initial
Purchaser to any purchaser of any of the Securities purchased by such Initial
Purchaser from the Company pursuant hereto, such Initial Purchaser shall furnish
to that purchaser a copy of the Offering Memorandum (and any amendment or
supplement thereto that the Company shall have furnished to such Initial
Purchaser prior to the date of such confirmation of sale).  In addition to the
foregoing, each Initial Purchaser acknowledges and agrees that the Company and,
for purposes of the opinions to be delivered to the Initial Purchasers pursuant
to Sections 5(d) and (e), counsel for the Company and for the Initial
Purchasers, respectively, may rely upon the accuracy of the representations and
warranties of the Initial
<PAGE>

Purchasers and their compliance with their agreements contained in this Section
2, and each Initial Purchaser hereby consents to such reliance.

          (f)  Each Initial Purchaser, severally and not jointly, represents and
warrants that this Agreement has been duly authorized, executed and delivered by
such Initial Purchaser.

          (g)  The Company and the Subsidiary Guarantor acknowledge and agree
that the Initial Purchasers may sell Securities to any affiliate of an Initial
Purchaser and that any such affiliate may sell Securities purchased by it to an
Initial Purchaser.

          3.  Delivery of and Payment for the Securities.  (a)  Delivery of and
payment for the Securities shall be made at the offices of Cravath, Swaine &
Moore, New York, New York, or at such other place as shall be agreed upon by the
Initial Purchasers and the Company, at 10:00 a.m., New York City time, on July
14, 2000, or at such other time or date, not later than seven full business days
thereafter, as shall be agreed upon by the Initial Purchasers and the Company
(such date and time of payment and delivery being referred to herein as the
"Closing Date").
-------------

          (b)  On the Closing Date, payment of the purchase price for the
Securities shall be made to the Company by wire or book-entry transfer of same-
day funds to such account or accounts as the Company shall specify prior to the
Closing Date or by such other means as the parties hereto shall agree prior to
the Closing Date against delivery to the Initial Purchasers of the certificates
evidencing the Securities.  Time shall be of the essence, and delivery at the
time and place specified pursuant to this Agreement is a further condition of
the obligations of the Initial Purchasers hereunder.  Upon delivery, the
Securities shall be in global form, registered in such names and in such
denominations as CSI on behalf of the Initial Purchasers shall have requested in
writing not less than two full business days prior to the Closing Date.  The
Company agrees to make one or more global certificates evidencing the Securities
available for inspection by CSI on behalf of the Initial Purchasers in New York,
New York at least 24 hours prior to the Closing Date.
<PAGE>

          4.  Further Agreements of the Company and the Subsidiary Guarantor.
The Company and the Subsidiary Guarantor agree with each of the several Initial
Purchasers:

          (a)  at all times prior to the resale of the Securities by the Initial
     Purchasers, to advise the Initial Purchasers promptly and, if requested,
     confirm such advice in writing, of the happening of any event which makes
     any statement of a material fact made in the Offering Memorandum untrue or
     which requires the making of any additions to or changes in the Offering
     Memorandum (as amended or supplemented from time to time) in order to make
     the statements therein, in the light of the circumstances under which they
     were made, not misleading; to advise the Initial Purchasers of any order of
     any governmental authority preventing or suspending the use of the
     Preliminary Offering Memorandum or the Offering Memorandum, of any
     suspension of the qualification of the Securities for offering or sale in
     any jurisdiction and of the initiation or threatening of any proceeding for
     any such purpose promptly upon receipt of notice of such order, suspension
     or initiation or threatening of any such proceeding; and, prior to the
     resale of the Securities by the Initial Purchasers, to use its best efforts
     to prevent the issuance of any such order preventing or suspending the use
     of the Preliminary Offering Memorandum or the Offering Memorandum or
     suspending any such qualification and, if any such suspension is issued, to
     obtain the lifting thereof at the earliest possible time and thereafter to
     use commercially reasonable efforts to prevent the issuance of any such
     order preventing or suspending the use of the Preliminary Offering
     Memorandum or the Offering Memorandum or suspending any such qualification
     and, if any such suspension is issued, to obtain the lifting thereof at the
     earliest possible time;

          (b)  to furnish promptly to each of the Initial Purchasers and counsel
     for the Initial Purchasers, without charge, as many copies of the
     Preliminary Offering Memorandum and the Offering Memorandum (and any
     amendments or supplements thereto) as may be reasonably requested;

          (c)  prior to making any amendment or supplement to the Offering
     Memorandum, to furnish a copy thereof to each of the Initial Purchasers and
     counsel for the Initial Purchasers and not to effect any such amendment or
     supplement to which the Initial Purchasers shall reasonably object by
     notice to the Company after a reasonable period (under the circumstances)
     to review;

          (d)  if, at any time prior to completion of the resale of the
     Securities by the Initial Purchasers, any event shall occur or condition
     exist as a result of which it is necessary, in the reasonable opinion of
     counsel for the Initial Purchasers or counsel for the Company, to amend or
     supplement the Offering Memorandum in order that the Offering Memorandum
     will not include an untrue statement of a material fact or omit to state a
     material fact necessary in order to make the statements therein, in the
     light of the circumstances existing at the time it is delivered to a
     purchaser, not misleading, or if it is necessary to amend or supplement the
     Offering Memorandum to comply with applicable law, to promptly prepare such
     amendment or supplement as may be necessary to correct such untrue
     statement or omission or so that the Offering Memorandum, as so amended or
     supplemented, will comply with applicable law;
<PAGE>

          (e)  for so long as the Securities are outstanding and are "restricted
     securities" within the meaning of Rule 144(a)(3) under the Securities Act,
     to furnish to holders of the Securities and prospective purchasers of the
     Securities designated by such holders, upon request of such holders or such
     prospective purchasers, the information required to be delivered pursuant
     to Rule 144A(d)(4) under the Securities Act, unless the Company is then
     subject to and in compliance with Section 13 or 15(d) of the Exchange Act
     (the foregoing agreement being for the benefit of the holders from time to
     time of the Securities and prospective purchasers of the Securities
     designated by such holders);

          (f) for so long as the Securities are outstanding, to furnish to the
     Initial Purchasers copies of any annual reports, quarterly reports and
     current reports filed by the Company with the Commission on Forms 10-K, 10-
     Q and 8-K, or such other similar forms as may be designated by the
     Commission, and such other documents, reports and information as shall be
     furnished by the Company to the Trustee or to the holders of the Securities
     pursuant to the Indenture or the Exchange Act or any rule or regulation of
     the Commission thereunder;

          (g) to promptly take from time to time such actions as the Initial
     Purchasers may reasonably request to qualify the Securities for offering
     and sale under the securities or Blue Sky laws of such jurisdictions as the
     Initial Purchasers may designate and to continue such qualifications in
     effect for so long as required for the resale of the Securities; and to
     arrange for the determination of the eligibility for investment of the
     Securities under the laws of such jurisdictions as the Initial Purchasers
     may reasonably request; provided that the Company and its subsidiaries
                             --------
     shall not be obligated to qualify as foreign corporations in any
     jurisdiction in which they are not so qualified or to file a general
     consent to service of process in any jurisdiction;

          (h) to provide reasonable assistance to the Initial Purchasers in
     arranging for the Securities to be designated Private Offerings, Resales
     and Trading through Automated Linkages ("PORTAL") Market securities in
                                              ------
     accordance with the rules and regulations adopted by the National
     Association of Securities Dealers, Inc. ("NASD") relating to trading in the
                                               ----
     PORTAL Market and for the Securities to be eligible for clearance and
     settlement through The Depository Trust Company ("DTC");
                                                       ---

          (i)  not to, and to cause its affiliates not to, sell, offer for sale
     or solicit offers to buy or otherwise negotiate in respect of any security
     (as such term is defined in the Securities Act) which could be integrated
     with the sale of the Securities in a manner which would require
     registration of the Securities under the Securities Act;

          (j)  except following the effectiveness of the Exchange Offer
     Registration Statement or the Shelf Registration Statement, as the case may
     be, not to, and to cause its affiliates not to, and not to authorize or
     knowingly permit any person acting on their behalf to, solicit any offer to
     buy or offer to sell the Securities by means of any form of general
     solicitation or general advertising within the meaning of Regulation D or
     in any manner involving a public offering within the meaning of Section
     4(2) of the Securities Act; and not to offer, sell, contract to sell or
     otherwise dispose of, directly or indirectly, any securities under
     circumstances where such offer, sale, contract or disposition would cause
     the exemption afforded by Section 4(2) of the Securities Act to cease to be
     applicable to the offering and sale of the Securities as contemplated by
     this Agreement and the Offering Memorandum;
<PAGE>

          (k)  for a period of 180 days from the date of the Offering
     Memorandum, not to offer for sale, sell, contract to sell, pledge or
     otherwise dispose of, directly or indirectly, or file a registration
     statement for, or announce any offer, sale, contract for sale of or other
     disposition of any debt securities issued or guaranteed by the Company or
     any of its subsidiaries (other than (i) the Securities or the Exchange
     Securities, (ii) notes issued by the Company pursuant to the Note Purchase
     Agreement dated as of May 11, 1998, as amended in October 1999, between the
     Company and Lucent Technologies Inc., (iii) debt securities issued or
     guaranteed by the Company or any of its subsidiaries pursuant to any credit
     arrangement with a vendor or supplier or any financial institution acting
     on behalf of such vendor or supplier; provided that any such credit
                                           --------
     arrangement contains terms prohibiting the remarketing of all debt
     securities issued or guaranteed thereunder for a period of not less than
     180 days from the date of the Offering Memorandum, (iv) the 11 _% Senior
     Subordinated Discount Notes issued by the Company pursuant to an Indenture
     dated April 23, 1999 and (v) any debt securities issued by the Company or
     any of its Subsidiaries to the U.S. Government in connection with the
     acquisition of any License from the FCC or any debt securities assumed by
     the Company or any of its subsidiaries in connection with the acquisition
     of any License or any entity engaged in a Permitted Business).

          (l) during the period from the Closing Date until two years after the
     Closing Date, without the prior written consent of the Initial Purchasers,
     not to, and not permit any of its affiliates (as defined in Rule 144 under
     the Securities Act) to, resell any of the Securities that have been
     reacquired by them, except for Securities purchased by the Company or any
     of its affiliates and resold in a transaction registered under the
     Securities Act;

          (m) not to, for two years following the date on which the Securities
     are issued, be or become, or be or become owned by, an open-end investment
     company, unit investment trust or face-amount certificate company that is
     or is required to be registered under Section 8 of the Investment Company
     Act, and to not be or become, or be or become owned by, a closed-end
     investment company required to be registered, but not registered
     thereunder;

          (n) in connection with the offering of the Securities, until CSI on
     behalf of the Initial Purchasers shall have notified the Company of the
     completion of the resale of the Securities, not to, and to cause its
     affiliated purchasers (as defined in Regulation M under the Exchange Act
     and other than CSI) not to, either alone or with one or more other persons,
     bid for or purchase, for any account in which it or any of its affiliated
     purchasers has a beneficial interest, any Securities, or attempt to induce
     any person to purchase any Securities; and not to, and to cause its
     affiliated purchasers not to, make bids or purchase for the purpose of
     creating actual, or apparent, active trading in or of raising the price of
     the Securities;

          (o) in connection with the offering of the Securities, to make its
     officers, employees, independent accountants and legal counsel reasonably
     available upon request by the Initial Purchasers;

          (p) to furnish to each of the Initial Purchasers on the Closing Date a
     copy of the independent accountants' report included in the Offering
     Memorandum signed by the accountants rendering such report;
<PAGE>

          (q) to do and perform all things required to be done and performed by
     it under this Agreement that are within its control prior to or after the
     Closing Date, and to use commercially reasonable efforts to satisfy all
     conditions precedent on its part to the delivery of the Securities;

          (r) to not take any action prior to the Closing Date which would
     require the Offering Memorandum to be amended or supplemented pursuant to
     Section 4(d);

          (s) prior to the Closing Date, not to issue any press release or other
     communication directly or indirectly or hold any press conference with
     respect to the Company, its condition, financial or otherwise, or earnings,
     business affairs or business prospects (except for routine oral marketing
     communications in the ordinary course of business and consistent with the
     past practices of the Company and of which the Initial Purchasers are
     notified), without the prior written consent of the Initial Purchasers,
     unless in the judgment of the Company and its counsel, and after
     notification to the Initial Purchasers, such press release or communication
     is required by law; and

          (t) to apply the net proceeds from the sale of the Securities as set
     forth in the Offering Memorandum under the heading "Use of Proceeds".

          5.  Conditions of Initial Purchasers' Obligations.  The respective
obligations of the several Initial Purchasers hereunder are subject to the
accuracy, on and as of the date hereof and the Closing Date, of the
representations and warranties of the Company and the Subsidiary Guarantor
contained herein, to the accuracy of the statements of the Company and the
Subsidiary Guarantor and their respective officers made in any certificates
delivered pursuant hereto, to the performance by the Company and the Subsidiary
Guarantor of their respective obligations hereunder, and to each of the
following additional terms and conditions:

          (a)  The Offering Memorandum (and any amendments or supplements
     thereto) shall have been printed and copies distributed to the Initial
     Purchasers as promptly as practicable on or following the date of this
     Agreement or at such other date and time as to which the Initial Purchasers
     may agree; and no stop order suspending the sale of the Securities in any
     jurisdiction shall have been issued and no proceeding for that purpose
     shall have been commenced or shall be pending or threatened.

          (b)  None of the Initial Purchasers shall have discovered and
     disclosed to the Company on or prior to the Closing Date that the Offering
     Memorandum or any amendment or supplement thereto contains an untrue
     statement of a fact which, in the opinion of counsel for the Initial
     Purchasers, is material or omits to state any fact which, in the opinion of
     such counsel, is material and is required to be stated therein or is
     necessary to make the statements therein not misleading.

          (c)  All corporate proceedings and other legal matters incident to the
     authorization, form and validity of each of the Transaction Documents and
     the Offering Memorandum, and all other legal matters relating to the
     Transaction Documents and the transactions contemplated thereby, shall be
     satisfactory in all material respects to the Initial Purchasers,
<PAGE>

     and the Company shall have furnished to the Initial Purchasers all
     documents and information that they or their counsel may reasonably request
     to enable them to pass upon such matters.

          (d)  Each of Cadwalader, Wickersham & Taft and Mintz, Levin, Cohn,
     Ferris, Glovsky and Popeo, PC shall have furnished to the Initial
     Purchasers its written opinion, as counsel to the Company, addressed to the
     Initial Purchasers and dated the Closing Date, in form and substance
     reasonably satisfactory to the Initial Purchasers, substantially to the
     effect set forth in Annex B and C hereto, respectively.  Wiley, Rein &
     Fielding shall have furnished to the Initial Purchasers their written
     opinion, as special communications counsel to the Company, addressed to the
     Initial Purchasers and dated as of the Closing Date, in form and substance
     reasonably satisfactory to the Initial Purchasers, substantially to the
     effect set forth in Annex D hereto.

          (e)  The Initial Purchasers shall have received from Cravath, Swaine &
     Moore, counsel for the Initial Purchasers, such opinion or opinions, dated
     the Closing Date, with respect to such matters as the Initial Purchasers
     may reasonably require, and the Company shall have furnished to such
     counsel such documents and information as they request for the purpose of
     enabling them to pass upon such matters.

          (f)  The Company shall have furnished to the Initial Purchasers a
     letter (the "Initial Letter") of PricewaterhouseCoopers LLP, addressed to
                  --------------
     the Initial Purchasers and dated the date hereof, in form and substance
     satisfactory to the Initial Purchasers, substantially to the effect set
     forth in Annex E hereto.

          (g) The Company shall have furnished to the Initial Purchasers a
     letter (the "Bring-Down Letter") of PricewaterhouseCoopers LLP, addressed
                  -----------------
     to the Initial Purchasers and dated the Closing Date, (i) confirming that
     they are independent public accountants with respect to the Company and its
     subsidiaries within the meaning of Rule 101 of the Code of Professional
     Conduct of the AICPA and its interpretations and rulings thereunder, (ii)
     stating, as of the date of the Bring-Down Letter (or, with respect to
     matters involving changes or developments since the respective dates as of
     which specified financial information is given in the Offering Memorandum,
     as of a date not more than three business days prior to the date of the
     Bring-Down Letter), that the conclusions and findings of such accountants
     with respect to the financial information and other matters covered by the
     Initial Letter are accurate and (iii) confirming in all material respects
     the conclusions and findings set forth in the Initial Letter.

          (h)  The Company shall have furnished to the Initial Purchasers a
     certificate, dated the Closing Date, of its Chief Executive Officer and its
     Chief Financial Officer and the Subsidiary Guarantor shall have furnished
     to the Initial Purchasers a certificate, dated the Closing Date, of its
     Chief Executive Officer and its Treasurer, in each case stating that (i)
     such officers have carefully examined the Offering Memorandum, (ii) in
     their opinion, the Offering Memorandum, as of its date, did not include any
     untrue statement of a material fact and did not omit to state a material
     fact required to be stated therein or necessary in order to make the
     statements therein, in the light of the circumstances under which they were
     made, not misleading, and since the date of the Offering Memorandum, no
     event has occurred
<PAGE>

     which should have been set forth in a supplement or amendment to the
     Offering Memorandum so that the Offering Memorandum (as so amended or
     supplemented) would not include any untrue statement of a material fact and
     would not omit to state a material fact required to be stated therein or
     necessary in order to make the statements therein, in the light of the
     circumstances under which they were made, not misleading, (iii) as of the
     Closing Date, the representations and warranties of the Company or the
     Subsidiary Guarantor, as applicable, in this Agreement are true and correct
     in all material respects, the Company or the Subsidiary Guarantor, as
     applicable, has complied with all agreements and satisfied all conditions
     on its part to be performed or satisfied hereunder on or prior to the
     Closing Date and (iv) with respect to officers of the Company only,
     subsequent to the date of the most recent financial statements contained in
     the Offering Memorandum, there has been no material adverse change in the
     financial position or results of operation of the Company or any of its
     subsidiaries, or any material change, or any material development including
     a prospective material change, in or affecting the condition (financial or
     otherwise), results of operations, business or prospects of the Company and
     its subsidiaries taken as a whole, which is not disclosed in the Offering
     Memorandum.

          (i)  The Initial Purchasers shall have received a counterpart of the
     Registration Rights Agreement which shall have been executed and delivered
     by a duly authorized officer of the Company and the Subsidiary Guarantor.

          (j)  The Indenture shall have been duly executed and delivered by the
     Company, the Subsidiary Guarantor and the Trustee, and the Securities shall
     have been duly executed and delivered by the Company and duly authenticated
     by the Trustee.

          (k)  The Securities shall have been approved by the NASD for trading
     in the PORTAL Market.

          (l)  If any event shall have occurred that requires the Company under
     Section 4(d) to prepare an amendment or supplement to the Offering
     Memorandum, such amendment or supplement shall have been prepared, the
     Initial Purchasers shall have been given a reasonable opportunity to
     comment thereon, and copies thereof shall have been delivered to the
     Initial Purchasers reasonably in advance of the Closing Date.

          (m)  There shall not have occurred any invalidation of Rule 144A under
     the Securities Act by any court or any withdrawal or proposed withdrawal of
     any rule or regulation under the Securities Act or the Exchange Act by the
     Commission or any amendment or proposed amendment thereof by the Commission
     which in the reasonable judgment of the Initial Purchasers would materially
     impair the ability of the Initial Purchasers to purchase, hold or effect
     resales of the Securities as contemplated hereby.

          (n)  Subsequent to the execution and delivery of this Agreement or, if
     earlier, the dates as of which information is given in the Offering
     Memorandum (exclusive of any amendment or supplement thereto), there shall
     not have been any change in the capital stock or long-term debt or any
     change, or any development involving a prospective change, in or affecting
     the condition (financial or otherwise), results of operations, business or
     prospects of the Company and its subsidiaries taken as a whole, the effect
     of which, in any such case
<PAGE>

     described above, is, in the reasonable judgment of the Initial Purchasers,
     so material and adverse as to make it impracticable or inadvisable to
     proceed with the sale or delivery of the Securities on the terms and in the
     manner contemplated by this Agreement and the Offering Memorandum
     (exclusive of any amendment or supplement thereto).

          (o)  No action shall have been taken and no statute, rule, regulation
     or order shall have been enacted, adopted or issued by any governmental
     agency or body which would, as of the Closing Date, prevent the issuance or
     sale of the Securities in any jurisdiction in which issuance or sale of the
     Securities is contemplated by the Offering Memorandum; and no injunction,
     restraining order or order of any other nature by any federal or state
     court of competent jurisdiction shall have been issued as of the Closing
     Date which would prevent the issuance or sale of the Securities in any
     jurisdiction in which the issuance or sale of the Securities is
     contemplated by the Offering Memorandum.

          (p)  Subsequent to the execution and delivery of this Agreement (i) no
     downgrading shall have occurred in the rating accorded the Securities or
     any of the Company's other debt securities or preferred stock by any
     "nationally recognized statistical rating organization", as such term is
     defined by the Commission for purposes of Rule 436(g)(2) of the rules and
     regulations of the Commission under the Securities Act, and (ii) no such
     organization shall have publicly announced that it has under surveillance
     or review (other than an announcement with positive implications of a
     possible upgrading), its rating of the Securities or any of the Company's
     other debt securities or preferred stock.

          (q)  Subsequent to the execution and delivery of this Agreement there
     shall not have occurred any of the following: (i) trading in securities
     generally on the New York Stock Exchange, the American Stock Exchange or
     the over-the-counter market shall have been suspended or limited, or
     minimum prices shall have been established on any such exchange or market
     by the Commission, by any such exchange or by any other regulatory body or
     governmental authority having jurisdiction, or trading in any securities of
     the Company on any exchange or in the over-the-counter market shall have
     been suspended, (ii) any moratorium on commercial banking activities shall
     have been declared by federal or New York state authorities, (iii) an
     outbreak or escalation of hostilities or a declaration by the United States
     of a national emergency or war or (iv) a material adverse change in general
     economic, political or financial conditions (or the effect of international
     conditions on the financial markets in the United States shall be such) the
     effect of which, in the case of this clause (iv), is, in the judgment of
     the Initial Purchasers, so material and adverse as to make it impracticable
     or inadvisable to proceed with the sale or the delivery of the Securities
     on the terms and in the manner contemplated by this Agreement and in the
     Offering Memorandum (exclusive of any amendment or supplement thereto).

          All opinions, letters, evidence and certificates mentioned above or
elsewhere in this Agreement shall be deemed to be in compliance with the
provisions hereof only if they are in form and substance reasonably satisfactory
to counsel for the Initial Purchasers.

          6.  Termination.  The obligations of the Initial Purchasers hereunder
may be terminated by the Initial Purchasers, in their absolute discretion, by
notice given to and received by
<PAGE>

the Company prior to delivery of and payment for the Securities if, prior to
that time, any of the events described in Section 5(m), (n), (o), (p) or (q)
shall have occurred and be continuing.

          7.  Defaulting Initial Purchasers.  (a)  If, on the Closing Date, any
Initial Purchaser defaults in the performance of its obligations under this
Agreement, the non-defaulting Initial Purchasers may make arrangements for the
purchase of the Securities which such defaulting Initial Purchaser agreed but
failed to purchase by other persons satisfactory to the Company and the non-
defaulting Initial Purchasers, but if no such arrangements are made within 36
hours after such default, this Agreement shall terminate without liability on
the part of the non-defaulting Initial Purchasers or the Company, except that
the Company and the Subsidiary Guarantor will continue to be liable for the
payment of expenses to the extent set forth in Sections 8 and 12 and except that
the provisions of Sections 9 and 10 shall not terminate and shall remain in
effect.  As used in this Agreement, the term "Initial Purchasers" includes, for
all purposes of this Agreement unless the context otherwise requires, any party
not listed in Schedule 1 hereto that, pursuant to this Section 7, purchases
Securities which a defaulting Initial Purchaser agreed but failed to purchase.

          (b)  Nothing contained herein shall relieve a defaulting Initial
Purchaser of any liability it may have to the Company or any non-defaulting
Initial Purchaser for damages caused by its default.  If other persons are
obligated or agree to purchase the Securities of a defaulting Initial Purchaser,
either the non-defaulting Initial Purchasers or the Company may postpone the
Closing Date for up to seven full business days in order to effect any changes
that in the opinion of counsel for the Company or counsel for the Initial
Purchasers may be necessary in the Offering Memorandum or in any other document
or arrangement, and the Company agrees to promptly prepare any amendment or
supplement to the Offering Memorandum that effects any such changes.

          8.  Reimbursement of Initial Purchasers' Expenses.  If (a) this
Agreement shall have been terminated pursuant to Section 6 or 7, (b) the Company
shall fail to tender the Securities for delivery to the Initial Purchasers for
any reason permitted under this Agreement or (c) the Initial Purchasers shall
decline to purchase the Securities for any reason permitted under this
Agreement, the Company and the Subsidiary Guarantor shall reimburse the Initial
Purchasers for such out-of-pocket expenses (including reasonable fees and
disbursements of counsel) as shall have been reasonably incurred by the Initial
Purchasers in connection with this Agreement and the proposed purchase and
resale of the Securities.  If this Agreement is terminated pursuant to Section 7
by reason of the default of one or more of the Initial Purchasers, the Company
and the Subsidiary Guarantor shall not be obligated to reimburse any defaulting
Initial Purchaser on account of such expenses.

          9.  Indemnification.  (a)  The Company and the Subsidiary Guarantor
shall jointly and severally indemnify and hold harmless each Initial Purchaser,
its affiliates, their respective officers, directors, employees, representatives
and agents, and each person, if any, who controls any Initial Purchaser within
the meaning of the Securities Act or the Exchange Act (collectively referred to
for purposes of this Section 9(a) and Section 10 as an Initial Purchaser), from
and against any loss, claim, damage or liability, joint or several, or any
action in respect thereof (including, without limitation, any loss, claim,
damage, liability or action relating to purchases and sales of the Securities),
to which that Initial Purchaser may become subject, whether commenced or
threatened, under the Securities Act, the Exchange Act, any other federal or
state statutory law or regulation, at common law or otherwise, insofar as such
loss, claim, damage, liability or action arises out of, or is
<PAGE>

based upon, (i) any untrue statement or alleged untrue statement of a material
fact contained in the Preliminary Offering Memorandum or the Offering Memorandum
or in any amendment or supplement thereto or in any information provided by the
Company pursuant to Section 4(e) or (ii) the omission or alleged omission to
state therein a material fact required to be stated therein or necessary in
order to make the statements therein, in the light of the circumstances under
which they were made, not misleading, and shall reimburse each Initial Purchaser
promptly upon demand for any legal or other expenses reasonably incurred by that
Initial Purchaser in connection with investigating or defending or preparing to
defend against or appearing as a third party witness in connection with any such
loss, claim, damage, liability or action as such expenses are incurred;
provided, however, that the Company and the Subsidiary Guarantor shall not be
--------  -------
liable in any such case to the extent that any such loss, claim, damage,
liability or action arises out of, or is based upon, an untrue statement or
alleged untrue statement in or omission or alleged omission from any of such
documents in reliance upon and in conformity with any Initial Purchasers'
Information; and provided, further, that with respect to any such untrue
statement in or omission from the Preliminary Offering Memorandum, the indemnity
agreement contained in this Section 9(a) shall not inure to the benefit of any
such Initial Purchaser to the extent that the sale to the person asserting any
such loss, claim, damage, liability or action was an initial resale by such
Initial Purchaser and any such loss, claim, damage, liability or action of or
with respect to such Initial Purchaser results from the fact that both (A) to
the extent required by applicable law, a copy of the Offering Memorandum was not
sent or given to such person at or prior to the written confirmation of the sale
of such Securities to such person and (B) the untrue statement in or omission
from the Preliminary Offering Memorandum was corrected in the Offering
Memorandum unless, in either case, such failure to deliver the Offering
Memorandum was a result of non- compliance by the Company with Section 4(b).

          (b)  Each Initial Purchaser, severally and not jointly, shall
indemnify and hold harmless the Company, its affiliates, their respective
officers, directors, employees, representatives and agents, and each person, if
any, who controls the Company within the meaning of the Securities Act or the
Exchange Act (collectively referred to for purposes of this Section 9(b) and
Section 10 as the Company), from and against any loss, claim, damage or
liability, joint or several, or any action in respect thereof, to which the
Company may become subject, whether commenced or threatened, under the
Securities Act, the Exchange Act, any other federal or state statutory law or
regulation, at common law or otherwise, insofar as such loss, claim, damage,
liability or action arises out of, or is based upon, (i) any untrue statement or
alleged untrue statement of a material fact contained in the Preliminary
Offering Memorandum or the Offering Memorandum or in any amendment or supplement
thereto or (ii) the omission or alleged omission to state therein a material
fact required to be stated therein or necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not
misleading, but in each case only to the extent that the untrue statement or
alleged untrue statement or omission or alleged omission was made in reliance
upon and in conformity with any Initial Purchasers' Information, and shall
reimburse the Company promptly upon demand for any legal or other expenses
reasonably incurred by the Company in connection with investigating or defending
or preparing to defend against or appearing as a third party witness in
connection with any such loss, claim, damage, liability or action as such
expenses are incurred.

          (c)  Promptly after receipt by an indemnified party under this Section
9 of notice of any claim or the commencement of any action, the indemnified
party shall, if a claim in respect thereof is to be made against the
indemnifying party pursuant to Section 9(a) or 9(b), notify the
<PAGE>

indemnifying party in writing of the claim or the commencement of that action;
provided, however, that the failure to notify the indemnifying party shall not
--------  -------
relieve it from any liability which it may have under this Section 9 except to
the extent that it has been prejudiced (through the forfeiture of substantive
rights or defenses) by such failure; and, provided, further, that the failure to
                                          --------  -------
notify the indemnifying party shall not relieve it from any liability which it
may have to an indemnified party otherwise than under this Section 9. If any
such claim or action shall be brought against an indemnified party, and it shall
notify the indemnifying party thereof, the indemnifying party shall be entitled
to participate therein and, to the extent that it wishes, jointly with any other
similarly notified indemnifying party, to assume the defense thereof with
counsel reasonably satisfactory to the indemnified party. After notice from the
indemnifying party to the indemnified party of its election to assume the
defense of such claim or action, the indemnifying party shall not be liable to
the indemnified party under this Section 9 for any legal or other expenses
subsequently incurred by the indemnified party in connection with the defense
thereof other than reasonable costs of investigation; provided, however, that an
                                                      --------  -------
indemnified party shall have the right to employ its own counsel in any such
action, but the fees, expenses and other charges of such counsel for the
indemnified party will be at the expense of such indemnified party unless (i)
the employment of counsel by the indemnified party has been authorized in
writing by the indemnifying party, (ii) the indemnified party has reasonably
concluded (based upon advice of counsel to the indemnified party) that there may
be legal defenses available to it or other indemnified parties that are
different from or in addition to those available to the indemnifying party,
(iii) a conflict or potential conflict exists (based upon advice of counsel to
the indemnified party) between the indemnified party and the indemnifying party
(in which case the indemnifying party will not have the right to direct the
defense of such action on behalf of the indemnified party) or (iv) the
indemnifying party has not in fact employed counsel reasonably satisfactory to
the indemnified party to assume the defense of such action within a reasonable
time after receiving notice of the commencement of the action, in each of which
cases the reasonable fees, disbursements and other charges of counsel will be at
the expense of the indemnifying party or parties. It is understood that the
indemnifying party or parties shall not, in connection with any proceeding or
related proceedings in the same jurisdiction, be liable for the reasonable fees,
disbursements and other charges of more than one separate firm of attorneys (in
addition to any local counsel) at any one time for all such indemnified party or
parties. Each indemnified party, as a condition of the indemnity agreements
contained in Sections 9(a) and 9(b), shall use all reasonable efforts to
cooperate with the indemnifying party in the defense of any such action or
claim. No indemnifying party shall be liable for any settlement of any such
action effected without its written consent (which consent shall not be
unreasonably withheld), but if settled with its written consent or if there be a
final judgment for the plaintiff in any such action, the indemnifying party
agrees to indemnify and hold harmless any indemnified party from and against any
loss or liability by reason of such settlement or judgment. No indemnifying
party shall, without the prior written consent of the indemnified party (which
consent shall not be unreasonably withheld), effect any settlement of any
pending or threatened proceeding in respect of which any indemnified party is or
could have been a party and indemnity could have been sought hereunder by such
indemnified party unless such settlement includes an unconditional release of
such indemnified party from all liability on claims that are the subject matter
of such proceeding.

          The obligations of the Company, the Subsidiary Guarantor and the
Initial Purchasers in this Section 9 and in Section 10 are in addition to any
other liability that the Company, the Subsidiary Guarantor or the Initial
Purchasers, as the case may be, may otherwise have, including
<PAGE>

in respect of any breaches of representations, warranties and agreements made
herein by any such party.

          10.  Contribution.  If the indemnification provided for in Section 9
is unavailable or insufficient to hold harmless an indemnified party under
Section 9(a) or 9(b), then each indemnifying party shall, in lieu of
indemnifying such indemnified party, contribute to the amount paid or payable by
such indemnified party as a result of such loss, claim, damage or liability, or
action in respect thereof, (i) in such proportion as shall be appropriate to
reflect the relative benefits received by the Company and the Subsidiary
Guarantor on the one hand and the Initial Purchasers on the other from the
offering of the Securities or (ii) if the allocation provided by clause (i)
above is not permitted by applicable law, in such proportion as is appropriate
to reflect not only the relative benefits referred to in clause (i) above but
also the relative fault of the Company and the Subsidiary Guarantor on the one
hand and the Initial Purchasers on the other with respect to the statements or
omissions that resulted in such loss, claim, damage or liability, or action in
respect thereof, as well as any other relevant equitable considerations.  The
relative benefits received by the Company and the Subsidiary Guarantor on the
one hand and the Initial Purchasers on the other with respect to such offering
shall be deemed to be in the same proportion as the total net proceeds from the
offering of the Securities purchased under this Agreement (before deducting
expenses) received by or on behalf of the Company and the Subsidiary Guarantor,
on the one hand, and the total discounts and commissions received by the Initial
Purchasers with respect to the Securities purchased under this Agreement, on the
other, bear to the total gross proceeds from the sale of the Securities under
this Agreement.  The relative fault shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact
or the omission or alleged omission to state a material fact relates to the
Company or information supplied by the Company and the Subsidiary Guarantor on
the one hand or to any Initial Purchasers' Information on the other, the intent
of the parties and their relative knowledge, access to information and
opportunity to correct or prevent such untrue statement or omission.  The
Company, the Subsidiary Guarantor and the Initial Purchasers agree that it would
not be just and equitable if contributions pursuant to this Section 10 were to
be determined by pro rata allocation (even if the Initial Purchasers were
treated as one entity for such purpose) or by any other method of allocation
that does not take into account the equitable considerations referred to herein.
The amount paid or payable by an indemnified party as a result of the loss,
claim, damage or liability, or action in respect thereof, referred to above in
this Section 10 shall be deemed to include, for purposes of this Section 10, any
legal or other expenses reasonably incurred by such indemnified party in
connection with investigating or defending or preparing to defend any such
action or claim.  Notwithstanding the provisions of this Section 10, no Initial
Purchaser shall be required to contribute any amount in excess of the amount by
which the total discounts and commissions received by such Initial Purchaser
with respect to the Securities purchased by it under this Agreement exceeds the
amount of any damages which such Initial Purchaser has otherwise paid or become
liable to pay by reason of any untrue or alleged untrue statement or omission or
alleged omission.  No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation.  The Initial Purchasers' obligations to contribute as
provided in this Section 10 are several in proportion to their respective
purchase obligations and not joint.

          11.  Persons Entitled to Benefit of Agreement.  This Agreement shall
inure to the benefit of and be binding upon the Initial Purchasers, the Company,
the Subsidiary Guarantor and their respective successors.  This Agreement and
the terms and provisions hereof are for the sole
<PAGE>

benefit of only those persons, except as provided in Sections 9 and 10 with
respect to affiliates, officers, directors, employees, representatives, agents
and controlling persons of the Company, the Subsidiary Guarantor and the Initial
Purchasers and in Section 4(e) with respect to holders and prospective
purchasers of the Securities. Nothing in this Agreement is intended or shall be
construed to give any person, other than the persons referred to in this Section
11, any legal or equitable right, remedy or claim under or in respect of this
Agreement or any provision contained herein.

          12.  Expenses.  The Company and the Subsidiary Guarantor agree with
the Initial Purchasers to pay (a) the costs incident to the authorization,
issuance, sale, preparation and delivery of the Securities and any taxes payable
in that connection; (b) the costs incident to the preparation, printing and
distribution of the Preliminary Offering Memorandum, the Offering Memorandum and
any amendments or supplements thereto; (c) the costs of reproducing and
distributing each of the Transaction Documents; (d) the costs incident to the
preparation, printing and delivery of the certificates evidencing the
Securities, including stamp duties and transfer taxes, if any, payable upon
issuance of the Securities; (e) the fees and expenses of the Company's counsel
and independent accountants; (f) the fees and expenses of qualifying the
Securities under the securities laws of the several jurisdictions as provided in
Section 4(h) and of preparing, printing and distributing Blue Sky Memoranda
(including related fees and expenses of counsel for the Initial Purchasers); (g)
any fees charged by rating agencies for rating the Securities; (h) the fees and
expenses of the Trustee and any paying agent (including related fees and
expenses of any counsel to such parties); (i) all expenses and application fees
incurred in connection with the application for the inclusion of the Securities
on the PORTAL Market and the approval of the Securities for book-entry transfer
by DTC; and (j) all other costs and expenses incident to the performance of the
obligations of the Company under this Agreement which are not otherwise
specifically provided for in this Section 12; provided, however, that except as
                                              --------  -------
provided in this Section 12 and Section 8, the Initial Purchasers shall pay
their own costs and expenses.

          13.  Survival.  The respective indemnities, rights of contribution,
representations, warranties and agreements of the Company, the Subsidiary
Guarantor and the Initial Purchasers contained in this Agreement or made by or
on behalf of the Company, the Subsidiary Guarantor or the Initial Purchasers
pursuant to this Agreement or any certificate delivered pursuant hereto shall
survive the delivery of and payment for the Securities and shall remain in full
force and effect, regardless of any termination or cancelation of this Agreement
or any investigation made by or on behalf of any of them or any of their
respective affiliates, officers, directors, employees, representatives, agents
or controlling persons.

          14.  Notices, etc.  All statements, requests, notices and agreements
hereunder shall be in writing, and:

          (a)  if to the Initial Purchasers, shall be delivered or sent by mail
     or telecopy transmission to Chase Securities Inc., 270 Park Avenue, New
     York, New York 10017, Attention: R. David McDonough (telecopier no.: (212)
     270-0994); or

          (b)  if to the Company or the Subsidiary Guarantor, shall be delivered
     or sent by mail or telecopy transmission to the address of the Company set
     forth in the Offering Memorandum, Attention: Thomas H. Sullivan (telecopier
     no.: (703) 236-1376);
<PAGE>

provided that any notice to an Initial Purchaser pursuant to Section 9(c) shall
--------
also be delivered or sent by mail to such Initial Purchaser at its address set
forth on the signature page hereof.  Any such statements, requests, notices or
agreements shall take effect at the time of receipt thereof.  The Company shall
be entitled to act and rely upon any request, consent, notice or agreement given
or made on behalf of the Initial Purchasers by CSI.

          15.  Definition of Terms.  For purposes of this Agreement, (a) the
term "business day" means any day on which the New York Stock Exchange, Inc. is
open for trading, (b) the term "subsidiary" has the meaning set forth in Rule
405 under the Securities Act and (c) except where otherwise expressly provided,
the term "affiliate" has the meaning set forth in Rule 405 under the Securities
Act.

          16.  Initial Purchasers' Information.  The parties hereto acknowledge
and agree that, for all purposes of this Agreement, the Initial Purchasers'
Information consists solely of the statements concerning the Initial Purchasers
contained in the third, fifth (but only the third sentence thereof) , sixth,
ninth, tenth (but only the third and fourth sentences thereof) and eleventh
paragraphs under the heading "Plan of Distribution" in the Preliminary Offering
Memorandum and the Offering Memorandum.

          17.  GOVERNING LAW.  THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

          18.  Counterparts.  This Agreement may be executed in one or more
counterparts (which may include counterparts delivered by telecopier) and, if
executed in more than one counterpart, the executed counterparts shall each be
deemed to be an original, but all such counterparts shall together constitute
one and the same instrument.

          19.  Amendments.  No amendment or waiver of any provision of this
Agreement, nor any consent or approval to any departure therefrom, shall in any
event be effective unless the same shall be in writing and signed by the parties
hereto.

          20.  Headings.  The headings herein are inserted for convenience of
reference only and are not intended to be part of, or to affect the meaning or
interpretation of, this Agreement.
<PAGE>

          If the foregoing is in accordance with your understanding of our
agreement, kindly sign and return to us a counterpart hereof, whereupon this
instrument will become a binding agreement between the Company, the Subsidiary
Guarantor and the several Initial Purchasers in accordance with its terms.

                         Very truly yours,

                         TELECORP PCS, INC.,

                          by /s/ Thomas H. Sullivan
                             ----------------------------------
                             Name:  Thomas H. Sullivan
                             Title:  Executive Vice President
                                      and Chief Financial Officer

                         TELECORP COMMUNICATIONS, INC.,

                          by /s/ Thomas H. Sullivan
                             ----------------------------------
                             Name:  Thomas H. Sullivan
                             Title:  President, Treasurer and Secretary

Accepted:

CHASE SECURITIES INC.,

 by /s/ R. David McDonough
    ----------------------------------
    Name:  R. David McDonough
    Title:  Vice President

Address for notices pursuant to Section 9(c):
270 Park Avenue 4th Floor
New York, New York 10017
<PAGE>

LEHMAN BROTHERS INC.,

 by /s/ Perry Hoffmeister
    -------------------------------
    Name:  Perry Hoffmeister
    Title:  Managing Director

Address for notices pursuant to Section 9(c):
3 World Financial Center
200 Vesey Street
New York, New York 10285

DEUTSCHE BANK SECURITIES INC.,

 by /s/ Thomas D. Dale
    -------------------------------
    Name:  Thomas D. Dale
    Title: Managing Director

Address for notices pursuant to Section 9(c):
130 Liberty Street
New York, New York 10006<PAGE>

                                                                   EXHIBIT 10.95

                                TELECORP PCS, INC

                                  $450,000,000

                  10 5/8% Senior Subordinated Notes due 2010

              FORM OF EXCHANGE AND REGISTRATION RIGHTS AGREEMENT

CHASE SECURITIES INC.
LEHMAN BROTHERS INC.
DEUTSCHE BANK SECURITIES INC.
c/o Chase Securities Inc.
270 Park Avenue, 4th floor
New York, New York 10017

Ladies and Gentlemen:

          TeleCorp PCS, Inc., a Delaware corporation (the "Company"), proposes
                                                           -------
to issue and sell to Chase Securities Inc. ("CSI"), Lehman Brothers Inc.
                                             ---
("Lehman") and Deutsche Bank Securities Inc. ("Deutsche Bank" and together with
--------                                       -------------
CSI and Lehman, the "Initial Purchasers"), upon the terms and subject to the
                     ------------------
conditions set forth in a purchase agreement dated July 11, 2000 (the "Purchase
                                                                       --------
Agreement"), $450,000,000 aggregate principal amount at maturity of its 10 5/8%
---------
Senior Subordinated Notes due 2010 (the "Securities") to be guaranteed on a
                                         ----------
senior subordinated basis by TeleCorp Communications, Inc., a subsidiary of the
Company (the "Subsidiary Guarantor").  Capitalized terms used but not defined
              --------------------
herein shall have the meanings given to such terms in the Purchase Agreement.

          As an inducement to the Initial Purchasers to enter into the Purchase
Agreement and in satisfaction of a condition to the obligations of the Initial
Purchasers thereunder, the Company and the Subsidiary Guarantor agree with the
Initial Purchasers, for the benefit of the holders (including the Initial
Purchasers and the Market Maker (as defined herein)) of the Securities, the
Exchange Securities (as defined herein) and the Private Exchange Securities (as
defined herein) (collectively, the "Holders"), as follows:
                                    -------

          1.  Registered Exchange Offer.  The Company and the Subsidiary
Guarantor shall (i) prepare and, not later than 60 days following the date of
original issuance of the Securities (the "Issue Date"), file with the Commission
                                          ----------
a registration statement (the "Exchange Offer Registration Statement") on an
                               -------------------------------------
appropriate form under the Securities Act with respect to a proposed offer to
the Holders of the Securities (the "Registered Exchange Offer") who are not
                                    -------------------------
prohibited by applicable law or interpretations thereof by the Commission's
staff from
<PAGE>

participating in the Registered Exchange Offer to issue and deliver to
such Holders, in exchange for the Securities, a like aggregate principal
amount of debt securities of the Company (the "Exchange Securities") that are
                                               -------------------
identical in all material respects to the Securities, except for the transfer
restrictions and registration rights relating to the Securities, (ii) use their
commercially reasonable efforts to cause the Exchange Offer Registration
Statement to become effective under the Securities Act no later than 180 days
after the Issue Date and the Registered Exchange Offer to be consummated no
later than 210 days after the Issue Date and (iii) keep the Exchange Offer
Registration Statement effective for not less than 30 days (or longer, if
required by applicable law) after the date on which notice of the Registered
Exchange Offer is mailed to the Holders (such period being called the "Exchange
                                                                       --------
Offer Registration Period") provided that the Company is entitled to close the
-------------------------
Registered Exchange Offer 30 days after the commencement thereof (unless
otherwise required by applicable law), so long as the Company has accepted all
Securities validly tendered in accordance with the terms of the Registered
Exchange Offer.  The Exchange Securities will be issued under the Indenture or
an indenture (the "Exchange Securities Indenture") among the Company, the
                   -----------------------------
Subsidiary Guarantor and the Trustee or such other bank or trust company that is
reasonably satisfactory to the Initial Purchasers, as trustee (the "Exchange
                                                                    --------
Securities Trustee"), such indenture to be identical in all material respects to
------------------
the Indenture, except for the transfer restrictions and registration rights
relating to the Securities (as described above).   All references in this
Agreement to "Registration Statement" and "prospectus" shall, except where the
context otherwise requires, include any Registration Statement (or amendment or
supplement thereto) and prospectus (or amendment thereto), respectively, filed
with the Commission pursuant to Section 6 of this Agreement.

          Upon the effectiveness of the Exchange Offer Registration Statement,
the Company shall promptly commence the Registered Exchange Offer, it being the
objective of such Registered Exchange Offer to enable each Holder electing to
exchange Securities for Exchange Securities (assuming that such Holder (a) is
not an affiliate of the Company or an Exchanging Dealer (as defined herein) not
complying with the requirements of the next sentence, (b) is not an Initial
Purchaser holding Securities that have, or that are reasonably likely to have,
the status of an unsold allotment in an initial distribution, (c) acquires the
Exchange Securities in the ordinary course of such Holder's business, (d) has no
arrangements or understandings with any person to participate in the
distribution of the Exchange Securities and (e) is not otherwise prohibited by
applicable law or interpretations thereof by the Commission's staff from
participating in the Registered Exchange Offer) and to trade such Exchange
Securities from and after their receipt without any limitations or restrictions
under the Securities Act and without material restrictions under the securities
laws of the several states of the United States.  The Company, the Subsidiary
Guarantor, the Initial Purchasers and each Exchanging Dealer acknowledge that,
pursuant to current interpretations by the Commission's staff of Section 5 of
the Securities Act, (i) each Holder that is a broker-dealer electing to exchange
Securities, acquired for its own account as a result of market-making activities
or other trading activities, for Exchange Securities (an "Exchanging Dealer"),
                                                          -----------------
is required to deliver a prospectus containing substantially the information set
forth in Annex A hereto on the cover, in Annex B hereto in the "Exchange Offer
Procedures" section and the "Purpose of the Exchange Offer" section and in Annex
C hereto in the "Plan of Distribution" section of such prospectus in connection
with a sale of any such Exchange Securities received by such Exchanging Dealer
pursuant to the Registered Exchange Offer and (ii) if an Initial Purchaser
elects to sell Exchange Securities acquired in exchange for Securities
constituting any portion of an unsold allotment, such Initial Purchaser is
required to deliver a prospectus containing the information required by Item 507
and 508 of Regulation S-K under the Securities Act, as applicable, in connection
with such sale.

          If, prior to the consummation of the Registered Exchange Offer, any
Holder holds any Securities acquired by it that have, or that are reasonably
likely to be determined to
<PAGE>

have, the status of an unsold allotment in an initial distribution, or any
Holder is not entitled to participate in the Registered Exchange Offer, the
Company shall, upon the request of any such Holder, simultaneously with the
delivery of the Exchange Securities in the Registered Exchange Offer, issue and
deliver to any such Holder, in exchange for the Securities held by such Holder
(the "Private Exchange"), a like aggregate principal amount of debt securities
      ----------------
of the Company (the "Private Exchange Securities") that are identical in all
                     ---------------------------
material respects to the Exchange Securities, except for the transfer
restrictions relating to such Private Exchange Securities. The Private Exchange
Securities will be issued under the same indenture as the Exchange Securities,
and the Company shall use commercially reasonable efforts to cause the Private
Exchange Securities to bear the same CUSIP number as the Exchange Securities.

          In connection with the Registered Exchange Offer, the Company shall:

          (a)  mail to each Holder a copy of the prospectus forming part of the
     Exchange Offer Registration Statement, together with an appropriate letter
     of transmittal and related documents;

          (b)  keep the Registered Exchange Offer open for not less than 30 days
     (or longer, if required by applicable law) after the date on which notice
     of the Registered Exchange Offer is mailed to the Holders;

          (c)  utilize the services of a depositary (which may be the Trustee or
     an affiliate of the Trustee) for the Registered Exchange Offer with an
     address in the Borough of Manhattan, The City of New York;

          (d)  permit Holders to withdraw tendered Securities at any time prior
     to the close of business, New York City time, on the last business day on
     which the Registered Exchange Offer shall remain open; and

          (e)  otherwise comply in all respects with all laws that are
     applicable to the Registered Exchange Offer.

          As soon as practicable after the close of the Registered Exchange
Offer and any Private Exchange, as the case may be, the Company shall:

          (a)  accept for exchange all Securities validly tendered and not
     withdrawn pursuant to the Registered Exchange Offer and the Private
     Exchange;

          (b)  deliver to the Trustee for cancelation all Securities so accepted
     for exchange; and

          (c)  cause the Trustee or the Exchange Securities Trustee, as the case
     may be, promptly to authenticate and deliver to each Holder, Exchange
     Securities or Private Exchange Securities, as the case may be, equal in
     principal amount to the Securities of such Holder so accepted for exchange.

          The Company shall use its commercially reasonable efforts to keep the
Exchange Offer Registration Statement effective and to amend and supplement the
prospectus contained therein in order to permit such prospectus to be used by
all persons subject to the prospectus delivery requirements of the Securities
Act for such period of time as such persons must comply with such requirements
in order to resell the Exchange Securities; provided that (i) in the case where
                                            --------
such prospectus and any amendment or supplement thereto must be delivered
<PAGE>

by an Exchanging Dealer, such period shall be the lesser of 180 days and the
date on which all Exchanging Dealers have sold all Exchange Securities held by
them and (ii) the Company shall make such prospectus and any amendment or
supplement thereto available to any broker-dealer for use in connection with any
resale of any Exchange Securities for a period of not less than 180 days after
the consummation of the Registered Exchange Offer.

          The Indenture or the Exchange Securities Indenture, as the case may
be, shall provide that the Securities, the Exchange Securities and the Private
Exchange Securities shall vote and consent together on all matters as one class
and that none of the Securities, the Exchange Securities or the Private Exchange
Securities will have the right to vote or consent as a separate class on any
matter.

          Interest on each Exchange Security and Private Exchange Security
issued pursuant to the Registered Exchange Offer and in the Private Exchange
will accrue from the last interest payment date on which interest was paid on
the Securities surrendered in exchange therefor or, if no interest has been paid
on the Securities, from the Issue Date.

          Each Holder participating in the Registered Exchange Offer shall be
required to represent to the Company that at the time of the consummation of the
Registered Exchange Offer (i) any Exchange Securities received by such Holder
will be acquired in the ordinary course of business, (ii) such Holder will have
no arrangements or understanding with any person to participate in the
distribution of the Securities or the Exchange Securities within the meaning of
the Securities Act, (iii) such Holder is not an affiliate of the Company or, if
it is such an affiliate, such Holder will comply with the registration and
prospectus delivery requirements of the Securities Act to the extent applicable,
(iv) if such Holder is not a broker-dealer, that it is not engaged in, and does
not intend to engage in, the distribution of the Exchange Securities and (v) if
such Holder is a broker-dealer, that it will receive Exchange Securities for its
own account in exchange for Securities that were acquired as a result of market-
making activities or other trading activities and that it will deliver a
prospectus in connection with any resale of such Exchange Securities.

          Notwithstanding any other provisions hereof, the Company and the
Subsidiary Guarantor will ensure that (i) any Exchange Offer Registration
Statement and any amendment thereto and any prospectus forming part thereof and
any supplement thereto complies in all material respects with the Securities Act
and the rules and regulations of the Commission thereunder, (ii) any Exchange
Offer Registration Statement and any amendment thereto does not, when it becomes
effective, contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading and (iii) any prospectus forming part of any Exchange
Offer Registration Statement, and any supplement to such prospectus, does not,
as of the consummation of the Registered Exchange Offer, include an untrue
statement of a material fact or omit to state a material fact necessary in order
to make the statements therein, in the light of the circumstances under which
they were made, not misleading.

          2.  Shelf Registration.  If (i) because of any change in applicable
law or interpretations thereof by the Commission's staff the Company is not
permitted to effect the Registered Exchange Offer as contemplated by Section 1
hereof or (ii) any Securities validly tendered pursuant to the Registered
Exchange Offer are not exchanged for Exchange Securities within 210 days after
the Issue Date or (iii) any Initial Purchaser so requests with respect to
Securities or Private Exchange Securities not eligible to be exchanged for
Exchange Securities in the Registered Exchange Offer and held by it following
the consummation of the Registered Exchange Offer or (iv) any applicable law or
interpretations thereof by the Commission's staff
<PAGE>

do not permit any Holder to participate in the Registered Exchange Offer or (v)
any Holder that participates in the Registered Exchange Offer does not receive
freely transferable Exchange Securities in exchange for tendered Securities or
(vi) the Company so elects, then the following provisions shall apply:

               (a)  the Company and the Subsidiary Guarantor shall use their
          commercially reasonable efforts to file as promptly as practicable
          (but in no event more than 45 days after so required or requested
          pursuant to this Section 2) with the Commission, and thereafter shall
          use their commercially reasonable efforts to cause to be declared
          effective, a shelf registration statement on an appropriate form under
          the Securities Act relating to the offer and sale of the Transfer
          Restricted Securities (as defined below) by the Holders thereof from
          time to time in accordance with the methods of distribution set forth
          in such registration statement (hereafter, a "Shelf Registration
                                                        ------------------
          Statement" and, together with any Exchange Offer Registration
          --------
          Statement, a "Registration Statement"); provided that no Holder (other
                        ----------------------    --------
          than an Initial Purchaser) shall be entitled to have the Securities
          held by it covered by such Shelf Registration Statement unless such
          Holder agrees in writing to be bound by all the provisions of this
          Agreement applicable to such Holder.

               (b)  The Company and the Subsidiary Guarantor shall use their
          commercially reasonable efforts to keep the Shelf Registration
          Statement continuously effective in order to permit the prospectus
          forming part thereof to be used by Holders of Transfer Restricted
          Securities for a period ending on the earlier of (i) two years from
          the Issue Date or such shorter period that will terminate when all the
          Transfer Restricted Securities covered by the Shelf Registration
          Statement have been sold pursuant thereto and (ii) the date on which
          the Securities become eligible for resale without volume restrictions
          pursuant to Rule 144 under the Securities Act (in any such case, such
          period being called the "Shelf Registration Period").  The Company and
                                   -------------------------
          the Subsidiary Guarantor shall be deemed not to have used their
          commercially reasonable efforts to keep the Shelf Registration
          Statement effective during the requisite period if any of them
          voluntarily take any action that would result in Holders of Transfer
          Restricted Securities covered thereby not being able to offer and sell
          such Transfer Restricted Securities during that period, unless (i)
          such action is required by applicable law or (ii) such action is taken
          by the Company and the Subsidiary Guarantor in good faith and for
          valid business reasons (not including avoidance of their obligations
          hereunder), provided that the Company and the Subsidiary Guarantor
          within 90 days thereafter comply with the requirements of Section 4(j)
          hereof.  Any such period during which the Company and the Subsidiary
          Guarantor fail to keep the Shelf Registration Statement effective and
          usable for offers and sales of Securities, Private Exchange Securities
          and Exchange Securities is referred to as a "Suspension Period".  A
                                                       -----------------
          Suspension Period shall commence on and include the date the Company
          and the Subsidiary Guarantor give notice that the Shelf Registration
          Statement is no longer effective or the prospectus included therein is
          no longer usable for offers and sales of Securities, Private Exchange
          Securities and Exchange Securities and shall end on the date when each
          Holder of Securities, Private Exchange Securities and Exchange
          Securities covered by such Shelf Registration Statement either
          receives the copies of the supplemented or amended prospectus
          contemplated by Section 4(j) hereof or is advised in writing by the
          Company and the Subsidiary Guarantor that use of the prospectus may be
          resumed.  Not more than one
<PAGE>

          Suspension Period shall be permitted in any period of 360 consecutive
          days. If one or more Suspension Periods occur, the two-year time
          period referenced above shall be extended by the number of days
          included in each such Suspension Period.

               (c)  Notwithstanding any other provisions hereof, the Company and
          the Subsidiary Guarantor will ensure that (i) any Shelf Registration
          Statement and any amendment thereto and any prospectus forming part
          thereof and any supplement thereto complies in all material respects
          with the Securities Act and the rules and regulations of the
          Commission thereunder, (ii) any Shelf Registration Statement and any
          amendment thereto (in either case, other than with respect to
          information included therein in reliance upon or in conformity with
          written information furnished to the Company by or on behalf of any
          Holder specifically for use therein (the "Holders' Information")) does
                                                    --------------------
          not contain an untrue statement of a material fact or omit to state a
          material fact required to be stated therein or necessary to make the
          statements therein not misleading and (iii) any prospectus forming
          part of any Shelf Registration Statement, and any supplement to such
          prospectus (in either case, other than with respect to Holders'
          Information), does not include an untrue statement of a material fact
          or omit to state a material fact necessary in order to make the
          statements therein, in the light of the circumstances under which they
          were made, not misleading.
<PAGE>

          3.  Liquidated Damages.  (a)  The parties hereto agree that the
Holders of Transfer Restricted Securities will suffer damages if the Company and
the Subsidiary Guarantor fails to fulfill their obligations under Section 1 or
Section 2, as applicable, and that it would not be feasible to ascertain the
extent of such damages.  Accordingly, if (i) the applicable Registration
Statement is not filed with the Commission on or prior to 60 days after the
Issue Date, (ii) the Exchange Offer Registration Statement or the Shelf
Registration Statement, as the case may be, is not declared effective within 180
days after the Issue Date (or in the case of a Shelf Registration Statement
required to be filed in response to a change in applicable law or
interpretations thereof by the Commission's staff, if later, within 45 days
after publication of the change in law or interpretation), (iii) the Registered
Exchange Offer is not consummated on or prior to 210 days after the Issue Date,
or (iv) the Shelf Registration Statement is filed and declared effective within
180 days after the Issue Date (or in the case of a Shelf Registration Statement
required to be filed in response to a change in applicable law or
interpretations thereof by the Commission's staff, if later, within 45 days
after publication of the change in law or interpretation) but shall thereafter
cease to be effective (at any time that the Company is obligated to maintain the
effectiveness thereof) without being succeeded within 45 days by an additional
Registration Statement filed and declared effective (each such event referred to
in clauses (i) through (iv), a "Registration Default"), the Company and the
                                --------------------
Subsidiary Guarantor will be jointly and severally obligated to pay liquidated
damages to each Holder of Transfer Restricted Securities, during the period of
one or more such Registration Defaults, in an amount equal to    $ 0.192 per
week per $1,000 of principal amount of Transfer Restricted Securities held by
such Holder until (i) the applicable Registration Statement is filed, (ii) the
Exchange Offer Registration Statement is declared effective and the Registered
Exchange Offer is consummated, (iii) the Shelf Registration Statement is
declared effective or (iv) the Shelf Registration Statement again becomes
effective, as the case may be.  Following the cure of all Registration Defaults,
the accrual of liquidated damages will cease.  As used herein, the term
"Transfer Restricted Securities" means (i) each Security until the date on which
such Security has been exchanged for a freely transferable Exchange Security in
the Registered Exchange Offer, (ii) each Security or Private Exchange Security
until the date on which it has been effectively registered under the Securities
Act and disposed of in accordance with the Shelf Registration Statement or (iii)
each Security or Private Exchange Security until the date on which it is
distributed to the public pursuant to Rule 144 under the Securities Act or is
saleable pursuant to Rule 144(k) under the Securities Act.  Notwithstanding
anything to the contrary in this Section 3(a), the Company and the Subsidiary
Guarantor shall not be required to pay liquidated damages to a Holder of
Transfer Restricted Securities if such Holder failed to comply with its
obligations to make the representations set forth in the second to last
paragraph of Section 1 or failed to provide the information required to be
provided by it, if any, pursuant to Section 4(n).

          (b)  The Company shall notify the Trustee and the Paying Agent under
     the Indenture with three business day of the happening of each and every
     Registration Default.  The Company and the Subsidiary Guarantor shall pay
     the liquidated damages due on the Transfer Restricted Securities by
     depositing with the Paying Agent (which may not be the Company for these
     purposes), in trust, for the benefit of the Holders thereof, prior to 10:00
     a.m., New York City time, on the next interest payment date specified by
     the Indenture and the Securities, sums sufficient to pay the liquidated
     damages then due.  The liquidated damages due shall be payable on each
     interest payment date specified by the Indenture and the Securities to the
     record holder entitled to receive the interest payment to be made on such
     date.  Each obligation to pay liquidated damages shall be deemed to accrue
     from and including the date of the applicable Registration Default.
<PAGE>

          (c)  The parties hereto agree that the liquidated damages provided for
     in this Section 3 constitute a reasonable estimate of and are intended to
     constitute the sole damages that will be suffered by Holders of Transfer
     Restricted Securities by reason of the failure of (i) the Shelf
     Registration Statement or the Exchange Offer Registration Statement to be
     filed, (ii) the Shelf Registration Statement to remain effective or (iii)
     the Exchange Offer Registration Statement to be declared effective and the
     Registered Exchange Offer to be consummated, in each case to the extent
     required by this Agreement.

          4.  Registration Procedures.  In connection with any Registration
Statement, the following provisions shall apply:

          (a)  The Company shall (i) furnish to each Initial Purchaser, prior to
     the filing thereof with the Commission, a copy of the Registration
     Statement and each amendment thereof and each supplement, if any, to the
     prospectus included therein and shall, in its reasonable judgment, reflect
     in each such document, when so filed with the Commission, such comments as
     any Initial Purchaser may reasonably propose; (ii) include  information
     substantially to the effect set forth in Annex A hereto on the cover, in
     Annex B hereto in the "Exchange Offer Procedures" section and the "Purpose
     of the Exchange Offer" section and in Annex C hereto in the "Plan of
     Distribution" section of the prospectus forming a part of the Exchange
     Offer Registration Statement, and include  information substantially to the
     effect set forth in Annex D hereto in the Letter of Transmittal delivered
     pursuant to the Registered Exchange Offer; and (iii) if requested by any
     Initial Purchaser, include the information required by Item 507 or 508 of
     Regulation S-K, as applicable, in the prospectus forming a part of the
     Exchange Offer Registration Statement.

          (b)  The Company shall advise each Initial Purchaser, each Exchanging
     Dealer and the Holders (if applicable) and, if requested by any such
     person, confirm such advice in writing (which advice pursuant to clause
     (ii) through (v) hereof shall be accompanied by an instruction to suspend
     the use of the prospectus until the requisite changes have been made):

               (i)  when any Registration Statement and any amendment thereto
          has been filed with the Commission and when such Registration
          Statement or any post-effective amendment thereto has become
          effective;

               (ii)  of any request by the Commission for amendments or
          supplements to any Registration Statement or the prospectus included
          therein or for additional information;

               (iii)  of the issuance by the Commission of any stop order
          suspending the effectiveness of any Registration Statement or the
          initiation of any proceedings for that purpose;

               (iv)  of the receipt by the Company of any notification with
          respect to the suspension of the qualification of the Securities, the
          Exchange Securities or the Private Exchange Securities for sale in any
          jurisdiction or the initiation or threatening of any proceeding for
          such purpose; and

               (v)  of the happening of any event that requires the making of
          any changes so that the Registration Statement and any amendment
          thereto does not,
<PAGE>

          when it becomes effective, contain an untrue statement of a material
          fact or omit to state a material fact required to be stated therein or
          necessary to make the statements therein not misleading or any
          prospectus forming part of any Registration Statement, and any
          supplement to such prospectus, does not include an untrue statement of
          a material fact or omit to state a material fact necessary in order to
          make the statements therein, in the light of the circumstances under
          which they were made, not misleading.

          (c)   If any event contemplated by clauses (ii) through (v) of Section
     4 occurs during the period for which the Company and the Subsidiary
     Guarantor are required to maintain an effective Registration Statement, the
     Company and the Subsidiary Guarantor will as promptly as is practicable
     prepare and file with the Commission a post-effective amendment to the
     Registration Statement or a supplement to the related prospectus or file
     any other required document so that, as thereafter delivered to purchasers
     of the Securities, Exchange Securities or Private Exchange Securities from
     a Holder, the prospectus will not include an untrue statement of a material
     fact or omit to state a material fact necessary in order to make the
     statements therein, in the light of the circumstances under which they were
     made, not misleading.

          (d)  The Company and the Subsidiary Guarantor will use all
     commercially reasonable efforts to obtain the withdrawal at the earliest
     possible time of any order suspending the effectiveness of any Registration
     Statement.

          (e)  The Company will furnish to each Holder of Transfer Restricted
     Securities included within the coverage of any Shelf Registration
     Statement, without charge, one conformed copy of such Shelf Registration
     Statement and any post-effective amendment thereto, including financial
     statements and schedules and, if any such Holder so requests in writing,
     all exhibits thereto (including those, if any, incorporated by reference)
     and as many conformed copies of such Registration Statement as such Holder
     reasonably requests.

          (f)  The Company will, during the Shelf Registration Period, promptly
     deliver to each Holder of Transfer Restricted Securities included within
     the coverage of any Shelf Registration Statement, without charge, as many
     copies of the prospectus (including each preliminary prospectus) included
     in such Shelf Registration Statement and any amendment or supplement
     thereto as such Holder may reasonably request; and the Company and the
     Subsidiary Guarantor consent to the use of such prospectus or any amendment
     or supplement thereto by each of the selling Holders of Transfer Restricted
     Securities in connection with the lawful offer and sale of the Transfer
     Restricted Securities covered by such prospectus or any amendment or
     supplement thereto.

          (g)  The Company will furnish to each Initial Purchaser and each
     Exchanging Dealer, and to any other Holder who so requests, without charge,
     one conformed copy of the Exchange Offer Registration Statement and any
     post-effective amendment thereto, including financial statements and
     schedules and, if any Initial Purchaser or Exchanging Dealer or any such
     Holder so requests in writing, all exhibits thereto (including those, if
     any, incorporated by reference) and as many conformed copies of such
     Exchange Offer Registration Statement as such Holder reasonably requests.

          (h)  The Company will, during the Exchange Offer Registration Period
     or the Shelf Registration Period, as applicable, promptly deliver to each
     Initial Purchaser, each Exchanging Dealer and such other persons that are
     required to deliver a prospectus
<PAGE>

     following the Registered Exchange Offer, without charge, as many copies of
     the final prospectus included in the Exchange Offer Registration Statement
     or the Shelf Registration Statement and any amendment or supplement thereto
     as such Initial Purchaser, Exchanging Dealer or other persons may
     reasonably request; and the Company and the Subsidiary Guarantor consent to
     the use of such prospectus or any amendment or supplement thereto by any
     such Initial Purchaser, Exchanging Dealer or other persons, as applicable,
     in connection with any lawful offer or sale covered by such prospectus or
     any amendment or supplement thereto, as aforesaid.

          (i)  Prior to the effective date of any Registration Statement, the
     Company and the Subsidiary Guarantor will use commercially reasonable
     efforts to register or qualify, or cooperate with the Holders of
     Securities, Exchange Securities or Private Exchange Securities included
     therein and their respective counsel in connection with the registration or
     qualification of, such Securities, Exchange Securities or Private Exchange
     Securities for offer and sale under the securities or blue sky laws of such
     jurisdictions as any such Holder reasonably requests in writing and do any
     and all other acts or things necessary or advisable to enable the offer and
     sale in such jurisdictions of the Securities, Exchange Securities or
     Private Exchange Securities covered by such Registration Statement;
     provided that the Company and the Subsidiary Guarantor will not be required
     --------
     to qualify generally to do business in any jurisdiction where they are not
     then so qualified or to take any action which would subject them to general
     service of process or to taxation in any such jurisdiction where they are
     not then so subject.

          (j)  The Company and the Subsidiary Guarantor will reasonably
     cooperate with the Holders of Securities, Exchange Securities or Private
     Exchange Securities to facilitate the timely preparation and delivery of
     certificates representing Securities, Exchange Securities or Private
     Exchange Securities to be sold pursuant to any Registration Statement free
     of any restrictive legends and in such denominations and registered in such
     names as the Holders thereof may request in writing prior to sales of
     Securities, Exchange Securities or Private Exchange Securities pursuant to
     such Registration Statement.

          (k)  If any event contemplated by Section 4(b)(ii) through (v) occurs
     during the period for which the Company and the Subsidiary Guarantor are
     required to maintain an effective Registration Statement, the Company and
     the Subsidiary Guarantor will as promptly as is practicable prepare and
     file with the Commission a post-effective amendment to the Registration
     Statement or a supplement to the related prospectus or file any other
     required document so that, as thereafter delivered to purchasers of the
     Securities, Exchange Securities or Private Exchange Securities from a
     Holder, the prospectus will not include an untrue statement of a material
     fact or omit to state a material fact necessary in order to make the
     statements therein, in the light of the circumstances under which they were
     made, not misleading.

          (l)  Not later than the effective date of the applicable Registration
     Statement, the Company will provide a CUSIP number for each of the
     Securities, the Exchange Securities and the Private Exchange Securities, as
     the case may be, and provide the applicable trustee with printed
     certificates for the Securities, the Exchange Securities or the Private
     Exchange Securities, as the case may be, in a form eligible for deposit
     with The Depository Trust Company.

          (m)  The Company and the Subsidiary Guarantor will comply with all
     applicable rules and regulations of the Commission and the Company will
     make generally available
<PAGE>

     to its security holders as soon as practicable after the effective date of
     the applicable Registration Statement an earning statement satisfying the
     provisions of Section 11(a) of the Securities Act; provided that in no
                                                        --------
     event shall such earning statement be delivered later than 45 days after
     the end of a 12-month period (or 90 days, if such period is a fiscal year)
     beginning with the first month of the Company's first fiscal quarter
     commencing after the effective date of the applicable Registration
     Statement, which statement shall cover such 12- month period.

          (n)  The Company and the Subsidiary Guarantor will cause the Indenture
     or the Exchange Securities Indenture, as the case may be, to be qualified
     under the Trust Indenture Act as required by applicable law in a timely
     manner.

          (o)  The Company may require each Holder of Transfer Restricted
     Securities to be registered pursuant to any Shelf Registration Statement to
     furnish to the Company such information concerning the Holder and the
     distribution of such Transfer Restricted Securities as the Company may from
     time to time reasonably require for inclusion in such Shelf Registration
     Statement, and the Company may exclude from such registration the Transfer
     Restricted Securities of any Holder that fails to furnish such information
     within a reasonable time after receiving such request.

          (p)  In the case of a Shelf Registration Statement, each Holder of
     Transfer Restricted Securities to be registered pursuant thereto agrees by
     acquisition of such Transfer Restricted Securities that, upon receipt of
     any notice from the Company pursuant to Section 4(b)(ii) through (v), such
     Holder will discontinue disposition of such Transfer Restricted Securities
     until such Holder's receipt of copies of the supplemental or amended
     prospectus contemplated by Section 4(j) or until advised in writing (the
     "Advice") by the Company that the use of the applicable prospectus may be
     -------
     resumed.  If the Company shall give any notice under Section 4(b)(ii)
     through (v) during the period that the Company is required to maintain an
     effective Registration Statement (the "Effectiveness Period"), such
                                            --------------------
     Effectiveness Period shall be extended by the number of days during such
     period from and including the date of the giving of such notice to and
     including the date when each seller of Transfer Restricted Securities
     covered by such Registration Statement shall have received (x) the copies
     of the supplemental or amended prospectus contemplated by Section 4(j) (if
     an amended or supplemental prospectus is required) or (y) the Advice (if no
     amended or supplemental prospectus is required).

          (q)  In the case of a Shelf Registration Statement, the Company and
     the Subsidiary Guarantor shall enter into such customary agreements
     (including, if requested, an underwriting agreement in customary form and
     reasonably acceptable to the Company) and take all such other action, if
     any, as Holders of a majority in aggregate principal amount of the
     Securities, Exchange Securities and Private Exchange Securities being sold
     or the managing underwriters (if any) shall reasonably request in order to
     facilitate any disposition of Securities, Exchange Securities or Private
     Exchange Securities pursuant to such Shelf Registration Statement.

          (r)  In the case of a Shelf Registration Statement, the Company shall
     (i) make reasonably available for inspection by a representative of, and
     Special Counsel (as defined below) acting for, Holders of a majority in
     aggregate principal amount of the Securities, Exchange Securities and
     Private Exchange Securities being sold and any underwriter participating in
     any disposition of Securities, Exchange Securities or Private Exchange
     Securities pursuant to such Shelf Registration Statement, all relevant
     financial
<PAGE>

     and other records, pertinent corporate documents and properties of the
     Company and its subsidiaries and (ii) use its commercially reasonable
     efforts to have its officers, directors, employees, accountants and counsel
     supply all relevant information reasonably requested by such
     representative, Special Counsel or any such underwriter (an "Inspector") in
                                                                  ---------
     connection with such Shelf Registration Statement.

          (s)  In the case of a Shelf Registration Statement, the Company shall,
     if requested by Holders of a majority in aggregate principal amount of the
     Securities, Exchange Securities and Private Exchange Securities being sold,
     their Special Counsel or the managing underwriters (if any) in connection
     with such Shelf Registration Statement, use its commercially reasonable
     efforts to cause (i) its counsel to deliver an opinion relating to the
     Shelf Registration Statement and the Securities, Exchange Securities or
     Private Exchange Securities, as applicable, substantially in the form
     delivered by counsel for the Company in connection with the issuance and
     sale of the Securities, (ii) its officers to execute and deliver all
     customary documents and certificates requested by Holders of a majority in
     aggregate principal amount of the Securities, Exchange Securities and
     Private Exchange Securities being sold, their Special Counsel or the
     managing underwriters (if any) and (iii) its independent public accountants
     to provide a comfort letter or letters in customary form, subject to
     receipt of appropriate documentation as contemplated, and only if
     permitted, by Statement of Auditing Standards No. 72.

          5.  Registration Expenses.  The Company and the Subsidiary Guarantor
will jointly and severally bear all expenses incurred in connection with the
performance of their  obligations under Sections 1, 2, 3 and 4 and the Company
will reimburse the Initial Purchasers and the Holders for the reasonable fees
and disbursements of Cravath, Swaine & Moore (in addition to any local counsel)
unless otherwise instructed by the Holders of a majority in aggregate principal
amount of the Securities, the Exchange Securities and the Private Exchange
Securities to be sold pursuant to each Registration Statement (the "Special
                                                                    -------
Counsel") acting for the Initial Purchasers or Holders in connection therewith.
-------
<PAGE>

          6.  Market-Making.  (a)  For so long as any of the Securities,
Exchange Securities or Private Exchange Securities are outstanding and (i) Chase
Securities Inc. (the "Market Maker") or any of its affiliates owns any equity
                      ------------
securities of the Company or, upon completion of the merger and contribution
among the Company, Tritel, Inc. and AT&T Wireless Services, Inc. described in
the Agreement and Plan of Reorganization and Contribution dated February 28,
2000 (the "Merger"), TeleCorp-Tritel Holding Company, a Delaware  corporation
           ------
and future parent of the Company after the completion of the Merger, and
proposes to make a market in the Securities, Exchange Securities or Private
Exchange Securities as part of its business in the ordinary course and (ii) in
the judgment of the Market Maker or the Company, applicable law requires the
delivery of a prospectus in connection with such market-making activities, the
following provisions shall apply for the sole benefit of the Market Maker:

               (i)  The Company and the Subsidiary Guarantor shall (A) on the
          date that the Exchange Offer Registration Statement is filed with the
          Commission, file a registration statement (the "Market-Making
                                                          -------------
          Registration Statement") (which may be the Exchange Offer Registration
          ----------------------
          Statement or the Shelf Registration Statement if permitted by the
          rules and regulations of the Commission) and use their commercially
          reasonable efforts to cause such Market-Making Registration Statement
          to be declared effective by the Commission on or prior to the
          consummation of the Exchange Offer; (B) periodically amend such
          Market-Making Registration Statement so that the information contained
          therein complies with the requirements of Section 10(a) under the
          Securities Act; (C) within 45 days following the end of each of the
          Company's fiscal quarters, file a supplement to the prospectus
          contained in the Market-Making Registration Statement that sets forth
          the financial results of the Company for such quarter; (D) amend the
          Market-Making Registration Statement or supplement the related
          prospectus contained therein when necessary to reflect any material
          changes in the information provided therein; and (E) amend the Market-
          Making Registration Statement when required to do so in order to
          comply with Section 10(a)(3) of the Securities Act; provided, however,
                                                              --------  -------
          that (1) prior to filing the Market-Making Registration Statement, any
          amendment thereto or any supplement to the prospectus contained
          therein, the Company will furnish to the Market Maker copies of all
          such documents proposed to be filed, which documents will be subject
          to the review of the Market-Maker and its counsel, (2) the Company and
          the Subsidiary Guarantor will not file the Market-Making Registration
          Statement, any amendment thereto or any supplement to the prospectus
          contained therein to which the Market-Maker and its counsel shall
          reasonably object unless the Company is advised by counsel that such
          Market-Making Registration Statement, amendment or supplement is
          required to be filed in order to maintain the effectiveness of such
          Market-Making Registration Statement and (3) the Company will provide
          the Market Maker and its counsel with copies of the Market-Making
          Registration Statement and each amendment and supplement filed.

               (ii)  Promptly upon the Company satisfying the eligibility
          criteria for use of Form S-3 under the Securities Act, the Company and
          the Subsidiary Guarantor shall file a post-effective amendment to the
          Market-Making Registration Statement to convert it from a Form S-1 to
          a Form S-3 registration statement.
<PAGE>

               (iii)  The Company shall notify the Market-Maker, and, if
          requested by the Market Maker, confirm such advice in writing, (A)
          when any post-effective amendment to the Market-Making Registration
          Statement or any amendment or supplement to the related prospectus has
          been filed, and, with respect to any post-effective amendment, when
          the same has become effective; (B) of any request by the Commission
          for any post-effective amendment to the Market-Making Registration
          Statement, any supplement or amendment to the related prospectus or
          for additional information; (C) the issuance by the Commission of any
          stop order suspending the effectiveness of the Market-Making
          Registration Statement or the initiation of any proceedings for that
          purpose; (D) of the receipt by the Company of any notification with
          respect to the suspension of the qualification of the Securities for
          sale in any jurisdiction or the initiation or threatening of any
          proceedings for such purpose; (E) of the happening of any event that
          causes (1) the Market-Making Registration Statement to contain an
          untrue statement of a material fact or to omit to state a material
          fact required to be stated therein or necessary to make the statements
          therein not misleading or (2) the prospectus contained in the Market
          Making Registration Statement to contain an untrue statement of a
          material fact or omit to state a material fact necessary in order to
          make the statements therein, in the light of the circumstances under
          which they were made, not misleading; and (F) of any advice from a
          nationally recognized statistical rating organization that such
          organization has placed the Company under surveillance or review with
          negative implications or has determined to downgrade the rating of the
          Securities, Exchange Securities or Private Exchange Securities or any
          other debt obligation of the Company whether or not such downgrade
          shall have been publicly announced.

               (iv)  If any event contemplated by Section 6(a)(iii)(B) through
          (E) occurs during the period for which the Company and the Subsidiary
          Guarantor are required to maintain an effective Market-Making
          Registration Statement, the Company and the Subsidiary Guarantor shall
          promptly prepare and file with the Commission a post-effective
          amendment to the Market-Making Registration Statement or a supplement
          to the related prospectus or file any other required document so that
          the prospectus will not include an untrue statement of a material fact
          or omit to state a material fact necessary in order to make the
          statements therein, in the light of the circumstances under which they
          were made, not misleading.

               (v)  In the event of the issuance of any stop order suspending
          the effectiveness of the Market-Making Registration Statement or of
          any order suspending the qualification of the Securities, Exchange
          Securities or Private Exchange Securities for sale in any
          jurisdiction, the Company and the Subsidiary Guarantor shall use their
          commercially reasonable efforts to obtain its withdrawal promptly.

               (vi)  The Company shall furnish to the Market Maker, without
          charge, (A) at least one conformed copy of the Market-Making
          Registration Statement and any post-effective amendment thereto and
          (B) as many copies of the related prospectus and any amendment or
          supplement thereto as the Market Maker may reasonably request.
<PAGE>

               (vii)  The Company and the Subsidiary Guarantor shall consent to
          the use of the prospectus contained in the Market-Making Registration
          Statement or any amendment or supplement thereto by the Market Maker
          in connection with the lawful offering and sale of the Securities,
          Exchange Securities or Private Exchange Securities.

               (viii)  For so long as the Securities, Exchange Securities or
          Private Exchange Securities shall be outstanding, the Company shall
          furnish to the Market Maker (A) as soon as practicable after the end
          of each of the Company's fiscal years, the number of copies reasonably
          requested by the Market Maker of the Company's annual report for such
          year, if such report is distributed to the stockholders of the
          Company, (B) as soon as available, the number of copies reasonably
          requested by the Market Maker of each report (including, without
          limitation, reports on Forms 10-K, 10-Q and 8-K) or definitive proxy
          statements (if any) of the Company filed under the Exchange Act or
          mailed to stockholders and (C) any public reports and all reports and
          financial statements furnished by the Company to the Nasdaq National
          Market System or any U.S. national securities exchange or quotation
          service upon which the Securities or Exchange Securities may be listed
          pursuant to requirements of or agreements with such exchange or
          quotation service or to the Commission pursuant to the Exchange Act or
          any rule or regulation of the Commission thereunder.

          (b)  In the case of the Market-Making Registration Statement, the
     Market Maker agrees that, upon receipt of any notice from the Company
     pursuant to clauses (B) through (E) of paragraph 6(a)(iii), the Market
     Maker will discontinue disposition of such Securities, Exchange Securities
     or Private Exchange Securities until the Market Maker's receipt of copies
     of the supplemental or amended prospectus contemplated by Section 6(a)(iv)
     or until advised in writing by the Company that the use of the applicable
     prospectus may be resumed.

          (c)  Prior to the effective date of the Market-Making Registration
     Statement, the Company and the Subsidiary Guarantor will use commercially
     reasonable efforts to register or qualify, or cooperate with the Market
     Maker and its respective counsel in connection with the registration or
     qualification of, such Securities, Exchange Securities or Private Exchange
     Securities for offer and sale under the securities or blue sky laws of such
     jurisdictions as the Market Maker reasonably requests in writing and do any
     and all other acts or things necessary or advisable to enable the offer and
     sale in such jurisdictions of the Securities, Exchange Securities or
     Private Exchange Securities covered by the Market-Making Registration
     Statement; provided that the Company and the Subsidiary Guarantor will not
                --------
     be required to qualify generally to do business in any jurisdiction where
     they are not then so qualified or to take any action which would subject
     them to general service of process or to taxation in any such jurisdiction
     where they are not then so subject.

          (d)  The Company and the Subsidiary Guarantor represent that the
     Market-Making Registration Statement, any post-effective amendments
     thereto, any amendments or supplements to the related prospectus and any
     documents filed by them under the Exchange Act will, when they become
     effective or are filed with the Commission, as the case may be, conform in
     all respects to the requirements of the Securities Act and the Exchange Act
     and the rules and regulations of the Commission thereunder and will not, as
     of the effective date of such Market-Making Registration Statement or post-
     effective amendments and as of the filing date of amendments or
<PAGE>

     supplements to such prospectus or filings under the Exchange Act, contain
     an untrue statement of a material fact or omit to state a material fact
     required to be stated therein or necessary to make the statements therein
     not misleading; provided that no representation or warranty is made as to
                     --------
     information contained in or omitted from the Market-Making Registration
     Statement or the related prospectus in reliance upon and in conformity with
     written information furnished to the Company by the Market Maker
     specifically for inclusion therein, which information the parties hereto
     agree will be limited to the statements concerning the market-making
     activities of the Market Maker to be set forth on the cover page and in the
     "Plan of Distribution" section of the prospectus (the "Market Maker's
                                                            --------------
     Information").
     -----------

          (e)  At the time of effectiveness of the Market-Making Registration
     Statement and concurrently with each time the Market-Making Registration
     Statement or the related prospectus shall be amended or such prospectus
     shall be supplemented, the Company shall (if reasonably requested by the
     Market Maker) furnish the Market Maker and its counsel with a certificate
     of its Chief Executive Officer and its Executive Vice President and Chief
     Financial Officer to the effect that:

               (i)  the Market-Making Registration Statement has been declared
          effective;

               (ii)  in the case of an amendment or supplement, such amendment
          has become effective under the Securities Act as of the date and time
          specified in such certificate, if applicable, such amendment or
          supplement to the prospectus was filed with the Commission pursuant to
          the subparagraph of Rule 424(b) under the Securities Act specified in
          such certificate on the date specified therein;

               (iii)  to the knowledge of such officers, no stop order
          suspending the effectiveness of the Market-Making Registration
          Statement has been issued and no proceeding for that purpose is
          pending or threatened by the Commission; and

               (iv)  such officers have carefully examined (A) the Market-Making
          Registration Statement and, in the case of an amendment, such
          amendment, and as of the date of such Market-Making Registration
          Statement or amendment, as applicable, the Market-Making Registration
          Statement, as amended, if applicable, did not include any untrue
          statement of a material fact and did not omit to state a material fact
          required to be stated therein or necessary to make the statements
          therein not misleading and (B) the related prospectus, and, in  the
          case of a supplement, such supplement, and as of the date of such
          prospectus or supplement, as applicable, such prospectus, as
          supplemented, if applicable, did not include an untrue statement of a
          material fact or omit to state a material fact necessary in order to
          make the statements therein, in the light of the circumstances under
          which they were made, not misleading.
<PAGE>

          (f)  At the time of effectiveness of the Market-Making Registration
     Statement and concurrently with each time the Market-Making Registration
     Statement or the related prospectus shall be amended or such prospectus
     shall be supplemented, the Company shall (if requested by the Market Maker)
     furnish the Market Maker and its counsel with the written opinion of
     counsel for the Company satisfactory to the Market Maker to the effect
     that:

               (i)  the Market-Making Registration Statement has been declared
          effective;

               (ii)  in the case of an amendment or supplement, such amendment
          has become effective under the Securities Act as of the date and time
          specified in such opinion and such amendment or supplement to the
          prospectus was filed with the Commission pursuant to the subparagraph
          of Rule 424(b) under the Securities Act specified in such opinion on
          the date specified therein;

               (iii)  to the knowledge of such counsel, no stop order suspending
          the effectiveness of the Market-Making Registration Statement has been
          issued and no proceeding for that purpose is pending or threatened by
          the Commission; and

               (iv)  such counsel has participated in conferences with officers
          of the Company and independent public accountants for the Company at
          which the contents of such Market-Making Registration Statement and
          prospectus (and, in the case of an amendment or supplement, such
          amendment or supplement) and related matters were discussed and has no
          reason to believe that as of the date of such Market-Making
          Registration Statement, amendment or supplement, as applicable, the
          Market-Making Registration Statement and the prospectus, as amended or
          supplemented, if applicable, contained any untrue statement of a
          material fact or omitted to state a material fact required to be
          stated therein or necessary to make the statements therein not
          misleading.

          (g)  At the time of effectiveness of the Market-Making Registration
     Statement and concurrently with each time the Market-Making Registration
     Statement or the related prospectus shall be amended or such prospectus
     shall be supplemented to include audited annual financial information, the
     Company shall (if requested by the Market Maker) furnish the Market-Maker
     and its counsel with a letter of PricewaterhouseCoopers LLP (or other
     independent public accountants for the Company of nationally recognized
     standing), in form satisfactory to the Market-Maker, addressed to the
     Market-Maker and dated the date of delivery of such letter, (i) confirming
     that they are independent public accountants within the meaning of the
     Securities Act and are in compliance with the applicable requirements
     relating to the qualification of accountants under Rule 2-01 of Regulation
     S-X of the Commission and, (ii) in all other respects, substantially in the
     form of the letter delivered to the Initial Purchasers pursuant to Section
     5(f) of the Purchase Agreement, with, in the case of an amendment or
     supplement to include audited financial information, such changes as may be
     necessary to reflect the amended or supplemented financial information.

          (h)  The Company hereby agrees to indemnify the Market Maker, and, if
     applicable, contribute to the Market Maker, in accordance with Sections 7
     and 8 of this Agreement.
<PAGE>

          (i)  The Company will comply with the provisions of this Section 6 at
     its own expense and will reimburse the Market Maker for its expenses
     associated with this Section 6 (including reasonable fees and expenses of
     counsel).

          (j)  The agreements contained in this Section 6 and the
     representations, warranties and agreements contained in this Agreement
     shall survive all offers and sales of the Securities and shall remain in
     full force and effect, regardless of any termination or cancelation of this
     Agreement or any investigation made by or on behalf of any indemnified
     party.

          (k)  For purposes of this Section 6, any reference to the terms
     "amend", "amendment" or "supplement" with respect to the Market-Making
     Registration Statement or the prospectus contained therein shall be deemed
     to refer to and include the filing under the Exchange Act of any document
     deemed to be incorporated therein by reference.

          7.  Indemnification.  (a)  In the event of a Shelf Registration
Statement or in connection with any prospectus delivery pursuant to an Exchange
Offer Registration Statement by an Initial Purchaser or Exchanging Dealer, as
applicable, or in connection with any prospectus delivery by the Market Maker,
the Company and the Subsidiary Guarantor shall jointly and severally indemnify
and hold harmless each Holder (including, without limitation, any such Initial
Purchaser or Exchanging Dealer or the Market Maker), its affiliates, their
respective officers, directors, employees, representatives and agents, and each
person, if any, who controls such Holder within the meaning of the Securities
Act or the Exchange Act (collectively referred to for purposes of this Section 7
and Section 8 as a Holder) from and against any loss, claim, damage or
liability, joint or several, or any action in respect thereof (including,
without limitation, any loss, claim, damage, liability or action relating to
purchases and sales of Securities, Exchange Securities or Private Exchange
Securities), to which that Holder may become subject, whether commenced or
threatened, under the Securities Act, the Exchange Act, any other federal or
state statutory law or regulation, at common law or otherwise, insofar as such
loss, claim, damage, liability or action arises out of, or is based upon, (i)
any untrue statement or alleged untrue statement of a material fact contained in
any such Registration Statement or Market-Making Registration Statement or any
prospectus forming part thereof or in any amendment or supplement thereto, (ii)
the omission or alleged omission to state therein a material fact required to be
stated therein or necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading or (iii)
in the case of the Market Maker, any breach by the Company of its
representations, warranties and agreements set forth in Section 6, and shall
reimburse each Holder promptly upon demand for any legal or other expenses
reasonably incurred by that Holder in connection with investigating or defending
or preparing to defend against or appearing as a third party witness in
connection with any such loss, claim, damage, liability or action as such
expenses are incurred; provided, however, that the Company and the Subsidiary
                       --------  -------
Guarantor shall not be liable in any such case to the extent that any such loss,
claim, damage, liability or action arises out of, or is based upon, an untrue
statement or alleged untrue statement in, or omission or alleged omission from,
any of such documents in reliance upon and in conformity with any Holders'
Information or Market Maker's Information; and provided, further that with
                                               --------  -------
respect to any such untrue statement in or omission from any related preliminary
prospectus, the indemnity agreement contained in this Section 7(a) shall not
inure to the benefit of any Holder from whom the person asserting any such loss,
claim, damage, liability or action received Securities, Exchange Securities or
Private Exchange Securities to the extent that such loss, claim, damage,
liability or action of or with respect to such Holder results from the fact that
both (i) a copy of the final prospectus was not sent or given to such person at
or prior to the written confirmation of the sale of such Securities, Exchange
Securities or Private
<PAGE>

Exchange Securities to such person and (ii) the untrue statement in or omission
from the related preliminary prospectus was corrected in the final prospectus
unless, in either case, such failure to deliver the final prospectus was a
result of non-compliance by the Company with Section 4(e), 4(f), 4(g) or 4(h) or
Section 6, as applicable.

          (b)  In the event of a Shelf Registration Statement or in connection
with any prospectus delivery by the Market Maker, each Holder (including, if
applicable, the Market Maker) shall indemnify and hold harmless the Company, its
affiliates, their respective officers, directors, employees, representatives and
agents, and each person, if any, who controls the Company within the meaning of
the Securities Act or the Exchange Act (collectively referred to for purposes of
this Section 7(b) and Section 8 as the Company), from and against any loss,
claim, damage or liability, joint or several, or any action in respect thereof,
to which the Company may become subject, whether commenced or threatened, under
the Securities Act, the Exchange Act, any other federal or state statutory law
or regulation, at common law or otherwise, insofar as such loss, claim, damage,
liability or action arises out of, or is based upon, (i) any untrue statement or
alleged untrue statement of a material fact contained in any such Registration
Statement or Market-Making Registration Statement or any prospectus forming part
thereof or in any amendment or supplement thereto or (ii) the omission or
alleged omission to state therein a material fact required to be stated therein
or necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading, but in each case only
to the extent that the untrue statement or alleged untrue statement or omission
or alleged omission was made in reliance upon and in conformity with any
Holders' Information or Market Maker's Information furnished to the Company by
such Holder, and shall reimburse the Company for any legal or other expenses
reasonably incurred by the Company in connection with investigating or defending
or preparing to defend against or appearing as a third party witness in
connection with any such loss, claim, damage, liability or action as such
expenses are incurred; provided, however, that no such Holder shall be liable
                       --------  -------
for any indemnity claims hereunder in excess of the amount of net proceeds
received by such Holder from the sale of Securities, Exchange Securities or
Private Exchange Securities pursuant to such Shelf Registration Statement or
prospectus.

          (c)  Promptly after receipt by an indemnified party under this Section
7 of notice of any claim or the commencement of any action, the indemnified
party shall, if a claim in respect thereof is to be made against the
indemnifying party pursuant to Section 7(a) or 7(b), notify the indemnifying
party in writing of the claim or the commencement of that action; provided,
                                                                  --------
however, that the failure to notify the indemnifying party shall not relieve it
-------
from any liability which it may have under this Section 7 except to the extent
that it has been prejudiced (through the forfeiture of substantive rights or
defenses) by such failure; and provided, further, that the failure to notify the
                               --------  -------
indemnifying party shall not relieve it from any liability which it may have to
an indemnified party otherwise than under this Section 7.  If any such claim or
action shall be brought against an indemnified party, and it shall notify the
indemnifying party thereof, the indemnifying party shall be entitled to
participate therein and, to the extent that it wishes, jointly with any other
similarly notified indemnifying party, to assume the defense thereof with
counsel reasonably satisfactory to the indemnified party.  After notice from the
indemnifying party to the indemnified party of its election to assume the
defense of such claim or action, the indemnifying party shall not be liable to
the indemnified party under this Section 7 for any legal or other expenses
subsequently incurred by the indemnified party in connection with the defense
thereof other than the reasonable costs of investigation; provided, however,
                                                          --------  -------
that an indemnified party shall have the right to employ its own counsel in any
such action, but the fees, expenses and other charges of such counsel for the
indemnified party will be at the expense of such indemnified party unless (i)
the employment of counsel by the indemnified party has been authorized in
writing by the indemnifying party, (ii) the indemnified party has reasonably
<PAGE>

concluded (based upon advice of counsel to the indemnified party) that there may
be legal defenses available to it or other indemnified parties that are
different from or in addition to those available to the indemnifying party,
(iii) a conflict or potential conflict exists (based upon advice of counsel to
the indemnified party) between the indemnified party and the indemnifying party
(in which case the indemnifying party will not have the right to direct the
defense of such action on behalf of the indemnified party) or (iv) the
indemnifying party has not in fact employed counsel reasonably satisfactory to
the indemnified party to assume the defense of such action within a reasonable
time after receiving notice of the commencement of the action, in each of which
cases the reasonable fees, disbursements and other charges of counsel will be at
the expense of the indemnifying party or parties.  It is understood that the
indemnifying party or parties shall not, in connection with any proceeding or
related proceedings in the same jurisdiction, be liable for the reasonable fees,
disbursements and other charges of more than one separate firm of attorneys (in
addition to any local counsel) at any one time for all such indemnified party or
parties.  Each indemnified party, as a condition of the indemnity agreements
contained in Sections 7(a) and 7(b), shall use all commercially reasonable
efforts to cooperate with the indemnifying party in the defense of any such
action or claim.  No indemnifying party shall be liable for any settlement of
any such action effected without its written consent (which consent shall not be
unreasonably withheld), but if settled with its written consent or if there be a
final judgment for the plaintiff in any such action, the indemnifying party
agrees to indemnify and hold harmless any indemnified party from and against any
loss or liability by reason of such settlement or judgment.  No indemnifying
party shall, without the prior written consent of the indemnified party (which
consent shall not be unreasonably withheld), effect any settlement of any
pending or threatened proceeding in respect of which any indemnified party is or
could have been a party and indemnity could have been sought hereunder by such
indemnified party, unless such settlement includes an unconditional release of
such indemnified party from all liability on claims that are the subject matter
of such proceeding.

          8.  Contribution.  If the indemnification provided for in Section 7 is
unavailable or insufficient to hold harmless an indemnified party under Section
7(a) or 7(b), then each indemnifying party shall, in lieu of indemnifying such
indemnified party, contribute to the amount paid or payable by such indemnified
party as a result of such loss, claim, damage or liability, or action in respect
thereof, (i) in such proportion as shall be appropriate to reflect the relative
benefits received by the Company and the Subsidiary Guarantor from the initial
offering and sale of the Securities, on the one hand, and by a Holder from
receiving Securities, Exchange Securities or Private Exchange Securities, as
applicable, registered under the Securities Act, on the other, or (ii) if the
allocation provided by clause (i) above is not permitted by applicable law, in
such proportion as is appropriate to reflect not only the relative benefits
referred to in clause (i) above but also the relative fault of the Company and
the Subsidiary Guarantor, on the one hand, and such Holder, on the other, with
respect to the statements or omissions that resulted in such loss, claim, damage
or liability, or action in respect thereof, as well as any other relevant
equitable considerations.  The relative fault shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact
relates to the Company and the Subsidiary Guarantor or information supplied by
the Company and the Subsidiary Guarantor, on the one hand, or to any Holders'
Information or Market Maker's Information supplied by such Holder, on the other,
the intent of the parties and their relative knowledge, access to information
and opportunity to correct or prevent such untrue statement or omission.  The
parties hereto agree that it would not be just and equitable if contributions
pursuant to this Section 8 were to be determined by pro rata allocation or by
any other method of allocation that does not take into account the equitable
considerations referred to herein.  The amount paid or payable by an indemnified
party as a result of the loss, claim, damage or liability, or action in respect
thereof, referred to above in this Section 8 shall be deemed to include, for
purposes of this Section 8, any legal or other expenses
<PAGE>

reasonably incurred by such indemnified party in connection with investigating
or defending or preparing to defend any such action or claim. Notwithstanding
the provisions of this Section 8, an indemnifying party that is a Holder of
Securities, Exchange Securities or Private Exchange Securities shall not be
required to contribute any amount in excess of the amount by which the total
price at which the Securities, Exchange Securities or Private Exchange
Securities sold by such indemnifying party to any purchaser exceeds the amount
of any damages which such indemnifying party has otherwise paid or become liable
to pay by reason of any untrue or alleged untrue statement or omission or
alleged omission. No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation.

          9.  Rules 144 and 144A.    The Company shall use its commercially
reasonable efforts to file the reports required to be filed by it under the
Securities Act and the Exchange Act in a timely manner and, if at any time the
Company is not required to file such reports, it will, upon the written request
of any Holder of Transfer Restricted Securities or the Market Maker, make
publicly available other information so long as necessary to permit sales of
such Holder's or the Market Maker's securities pursuant to Rules 144 and 144A.
The Company and the Subsidiary Guarantor covenant that they will take such
further action as any Holder of Transfer Restricted Securities or the Market
Maker may reasonably request, all to the extent required from time to time to
enable such Holder or the Market Maker to sell Transfer Restricted Securities
without registration under the Securities Act within the limitation of the
exemptions provided by Rules 144 and 144A (including, without limitation, the
requirements of Rule 144A(d)(4)).  Upon the written request of any Holder of
Transfer Restricted Securities or the Market Maker, the Company and the
Subsidiary Guarantor shall deliver to such Holder or the Market Maker, as
applicable, a written statement as to whether they have complied with such
requirements. Notwithstanding the foregoing, nothing in this Section 8 shall be
deemed to require the Company to register any of its securities pursuant to the
Exchange Act.

          10.  Underwritten Registrations.  If any of the Transfer Restricted
Securities covered by any Shelf Registration Statement are to be sold in an
underwritten offering, the investment banker or investment bankers and manager
or managers that will administer the offering will be selected by the Holders of
a majority in aggregate principal amount of such Transfer Restricted Securities
included in such offering, subject to the consent of the Company (which shall
not be unreasonably withheld or delayed), and such Holders shall be responsible
for all underwriting commissions and discounts in connection therewith.

          No person may participate in any underwritten registration hereunder
unless such person (i) agrees to sell such person's Transfer Restricted
Securities on the basis reasonably provided in any underwriting arrangements
approved by the persons entitled hereunder to approve such arrangements and (ii)
completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents reasonably required under the terms
of such underwriting arrangements.

          11.  Miscellaneous.  (a)  Amendments and Waivers.  No failure or delay
by the Company, the Subsidiary Guarantor, any Holder or the Market Maker in
exercising any right under this Agreement shall operate as a waiver thereof nor
shall any single or partial exercise of any such right or amendment or
discontinuance of steps to enforce any such right preclude any other of further
exercise thereof or the exercise of any other right. The provisions of this
Agreement may not be amended, modified or supplemented, and waivers or consents
to departures from the provisions hereof may not be given, unless the Company
has obtained the written consent of Holders of a majority in aggregate principal
amount of the Securities, the Exchange Securities and the Private Exchange
Securities, taken as a single class (and, with
<PAGE>

respect to the provisions of Section 6, the written consent of the Market
Maker). Notwithstanding the foregoing, a waiver or consent to depart from the
provisions hereof with respect to a matter that relates exclusively to the
rights of Holders whose Securities, Exchange Securities or Private Exchange
Securities are being sold pursuant to a Registration Statement and that does not
directly or indirectly affect the rights of other Holders may be given by
Holders of a majority in aggregate principal amount of the Securities, the
Exchange Securities and the Private Exchange Securities being sold by such
Holders pursuant to such Registration Statement.

          (b)  Notices. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand-delivery, first-class mail,
telecopier or air courier guaranteeing next-day delivery:

          (1)  if to a Holder, at the most current address given by such Holder
     to the Company in accordance with the provisions of this Section 11(b),
     which address initially is, with respect to each Holder, the address of
     such Holder maintained by the Registrar under the Indenture, with a copy in
     like manner to Chase Securities Inc., Lehman Brothers Inc. and Deutsche
     Bank Securities Inc;

          (2)  if to an Initial Purchaser, initially at its address set forth in
     the Purchase Agreement; and

          (3)  if to the Company, initially at the address of the Company set
     forth in the Purchase Agreement.

          All such notices and communications shall be deemed to have been duly
given:  when delivered by hand, if personally delivered; one business day after
being delivered to a next-day air courier; five business days after being
deposited in the mail; and when receipt is acknowledged by the recipient's
telecopier machine, if sent by telecopier.

          (c)  Successors And Assigns.  This Agreement shall be binding upon the
Company and its successors and assigns.

          (d)  Counterparts.  This Agreement may be executed in any number of
counterparts (which may be delivered in original form or by telecopier) and by
the parties hereto in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement.

          (e)  Definition of Terms.  For purposes of this Agreement, (a) the
term "business day" means any day on which the New York Stock Exchange, Inc. is
open for trading, (b) the term "subsidiary" has the meaning set forth in Rule
405 under the Securities Act and (c) except where otherwise expressly provided,
the term "affiliate" has the meaning set forth in Rule 405 under the Securities
Act.

          (f)  Headings.  The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.
          (g)  GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

          (h)  Remedies.  In the event of a breach by the Company, any
Subsidiary Guarantor or by any Holder of any of their obligations under this
Agreement, each Holder, the Company or any Subsidiary Guarantor, as the case may
be, in addition to being entitled to
<PAGE>

exercise all rights granted by law, including recovery of damages (other than
the recovery of damages for a breach by the Company or any Subsidiary Guarantor
of its obligations under Sections 1 or 2 hereof for which liquidated damages
have been paid pursuant to Section 3 hereof), will be entitled to specific
performance of its rights under this Agreement. The Company, the Subsidiary
Guarantor and each Holder agree that monetary damages would not be adequate
compensation for any loss incurred by reason of a breach by each such person of
any of the provisions of this Agreement and hereby further agree that, in the
event of any action for specific performance in respect of such breach, each
such person shall waive the defense that a remedy at law would be adequate.

          (i)  No Inconsistent Agreements.  The Company and each Subsidiary
Guarantor represents, warrants and agrees that (i) it has not entered into,
shall not, on or after the date of this Agreement, enter into any agreement that
is inconsistent with the rights granted to the Holders in this Agreement or
otherwise conflicts with the provisions hereof, (ii) it has not previously
entered into any agreement which remains in effect granting any registration
rights with respect to any of its debt securities to any person and (iii) (with
respect to the Company) without limiting the generality of the foregoing,
without the written consent of the Holders of a majority in aggregate principal
amount of the then outstanding Transfer Restricted Securities and the Market
Maker, it shall not grant to any person the right to request the Company to
register any debt securities of the Company under the Securities Act unless the
rights so granted are not in conflict or inconsistent with the provisions of
this Agreement.

          (j)  No Piggyback on Registrations.  Neither the Company nor any of
its security holders (other than the Holders of Transfer Restricted Securities
in such capacity) shall have the right to include any securities of the Company
in any Shelf Registration or Registered Exchange Offer other than Transfer
Restricted Securities.

          (k)  Severability. The remedies provided herein are cumulative and not
exclusive of any remedies provided by law.  If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction to be
invalid, illegal, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full force and
effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their commercially reasonable efforts to find and employ an
alternative means to achieve the same or substantially the same result as that
contemplated by such term, provision, covenant or restriction.  It is hereby
stipulated and declared to be the intention of the parties that they would have
executed the remaining terms, provisions, covenants and restrictions without
including any of such that may be hereafter declared invalid, illegal, void or
unenforceable.
<PAGE>

          Please confirm that the foregoing correctly sets forth the agreement
among the Company, the Subsidiary Guarantor and the Initial Purchasers.

                              Very truly yours,

                              TELECORP PCS, INC.,

                              by
                                 ---------------------------------
                                 Name:  Thomas H. Sullivan
                                 Title:  Executive Vice President
                                          and Chief Financial Officer

                              TELECORP COMMUNICATIONS, INC.,

                              by
                                 ---------------------------------
                                 Name:  Thomas H. Sullivan
                                 Title:  President, Treasurer and Secretary

Accepted:

CHASE SECURITIES INC.,

by
   ---------------------------------
   Name:  R. David McDonough
   Title:  Vice President

LEHMAN BROTHERS INC.,

by
   ---------------------------------
   Name:  Perry Hoffmeister
   Title:  Managing Director
<PAGE>

DEUTSCHE BANK SECURITIES INC.,

by
   ---------------------------------
   Name:
   Title:

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