Document:

<PAGE>
                                                                    Exhibit 10.5

                            ASSET PURCHASE AGREEMENT

      This Asset Purchase Agreement (the "Agreement") is made and entered into
as of December __, 1999, by SPRINT SPECTRUM L.P., SPRINT SPECTRUM EQUIPMENT
COMPANY, L.P. and SPRINT SPECTRUM REALTY COMPANY, L.P., COX COMMUNICATIONS PCS,
L.P., COX PCS LEASING CO., L.P., all of which are Delaware limited partnerships,
and COX PCS ASSETS, LLC, a Delaware limited company (together "Seller"), and
UbiquiTel Holdings, Inc., a Delaware corporation ("Buyer").

                                    Recitals

      A. Seller or one of Seller's subsidiaries owns or leases those certain
property, equipment and contract rights identified as follows (collectively the
"Assets"):

      1. That equipment and property of Seller located in the Spokane BTA and
identified on attached Exhibit A (the "Spokane Assets"); and

      2. That equipment and property of Seller located in BTAs outside of the
Spokane BTA and identified on attached Exhibit B (the "Additional Assets").

      B. Buyer and Seller have entered into that certain Addendum II dated
December __,, 1999 to the Sprint PCS Management Agreement dated October 15, 1998
(the "Management Agreement"), to which this Agreement is made an exhibit upon
its execution by the parties and that provides, among other things, that Buyer
will purchase and Seller will sell the Assets, upon the terms and conditions set
forth in this Agreement;

                                   Agreements

      NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained in this Agreement the parties hereto agree as follows:

      1.    Transfer of Assets. Subject to the terms and conditions of this
            Agreement, Seller agrees to sell, convey and assign to Buyer, and
            Buyer agrees to purchase from Seller, all of Seller's right, title
            and interest in the Assets free and clear from all liens created by
            the Seller other than the Assumed Liabilities (as defined below).
            The consummation of this transaction (the "Closing") will occur,
            subject to the terms and conditions of this Agreement, on or before
            April 15, 2000 (the "Closing Date").

      2.    Purchase Price. The purchase price of the Assets (the "Purchase
            Price") will be equal to the sum of the following: ****

**** Confidential material omitted and filed separately with the Commission.

<PAGE>

            The parties agree that, on or before the Closing Date, and insofar
            as it has not been calculated as part of the Purchase Price, they
            shall determine an allocation of the Purchase Price among the
            Assets, which allocation will be the result of arm's-length
            negotiations between the parties as to the price of each item or
            category of items of the Assets, and neither party will make any
            claim or treat any item on its tax returns in a manner that is
            inconsistent with such allocation.

      3.    Review Period. For a period extending for thirty (30) days after
            this Agreement has been executed by both parties ("Review Period"),
            Buyer may review such documents and make, or cause to be made by
            agents or contractors of Buyer's choosing, any and all physical,
            mechanical, environmental, structural or other inspections of the
            Assets as Buyer deems appropriate. If, in Buyer's reasonable
            discretion, based upon the results of Buyer's inspections, Buyer
            determines that the Assets are unsatisfactory to Buyer, Buyer may by
            written notice to Seller within the Review Period, terminate this
            Agreement, and upon such termination, neither party will have any
            further rights or obligations under this Agreement. Any termination
            notice provided to Seller must contain a specific description of the
            condition on which Buyer bases such termination. If Buyer does not
            terminate this Agreement by such notice within the Review Period,
            this Agreement will remain in full force and effect in accordance
            with its terms. Buyer may not elect to purchase less than all of the
            Assets.

      4.    Assumption of Liabilities. Buyer agrees to assume all liabilities,
            debts, expenses and obligations now existing or hereafter arising
            in, to, under or pursuant to the Assets as of the Closing Date,
            including, without limitation, all liabilities, debts, expenses and
            obligations relating to all the Assets (the "Assumed Liabilities")
            and to pay and perform the Assumed Liabilities when due. Buyer's
            assumption of the Assumed Liabilities does not enlarge any rights of
            third parties under contracts or arrangements with Buyer or Seller.
            Nothing in this Agreement prevents Buyer from contesting in good
            faith any of the Assumed Liabilities.

      5.    Condition of Assets. It is understood and agreed that Seller is not
            making and specifically disclaims any warranties or representations
            of any kind or character, express or implied, with respect to the
            Assets, including, but not limited to, warranties or representations
            as to matters of title (except that Seller represents and warrants
            that Seller has not previously conveyed, pledged, encumbered,
            hypothecated or assigned that Asset to any other party), zoning, tax
            consequences, physical or environmental conditions, availability of
            access, operating history or projections, valuation, governmental
            approvals, governmental regulations or any other matter or thing
            relating to or affecting the Assets including, without limitation:
            (i) the value, condition, merchantability, marketability,
            profitability, suitability or fitness for a particular use or
            purpose of the Assets; (ii) the manner or quality of the
            construction or materials incorporated into any of the Assets and
            (iii) the manner, quality, state of repair or lack of repair of the
            Assets. Buyer agrees that with respect to the Assets, Buyer has not
            relied

                                       2
<PAGE>

            upon and will not rely upon, either directly or indirectly, any
            representation or warranty of Seller or any agent of Seller other
            than as specifically set forth in this Agreement. Buyer represents
            that it is a knowledgeable purchaser and that it is relying solely
            on its own expertise and that of Buyer's consultants, and that Buyer
            will conduct such inspections and investigations of the Assets,
            including, but not limited to, the physical and environmental
            conditions thereof, and shall rely upon same, and, upon closing,
            shall assume the risk that adverse matters, including, but not
            limited to, adverse physical and environmental conditions, may not
            have been revealed by Buyer's inspections and investigations. Buyer
            acknowledges and agrees that upon closing, Seller shall sell and
            convey to Buyer and Buyer shall accept the Assets "as is, where is"
            with all faults, and Buyer further acknowledges and agrees that
            there are no oral agreements, warranties or representations,
            collateral to or affecting the Assets by Seller, any agent of Seller
            or any third party. The terms and conditions of this paragraph shall
            expressly survive the closing.

      6.    Damage or Destruction. If prior to the Closing Date, any of the
            Assets are destroyed or substantially damaged by fire, lightning or
            any other cause, or all or any part of the Assets is taken by
            eminent domain (or is the subject of a pending or contemplated
            taking which has not been consummated), Seller will immediately
            deliver to Buyer written notice of such event or condition, and
            Buyer will have the option of(a) enforcing this Agreement and
            retaining any insurance proceeds or proceeds of the taking by
            eminent domain, or (b) terminating this Agreement by written notice
            within twenty (20) days after receiving written notice from Seller
            of such destruction, damage or claim. If this Agreement is
            terminated, neither party will have any further obligation under
            this Agreement. The risk of loss will be borne by Seller until the
            Closing Date.

      7.    Closing. If Buyer does not terminate the Agreement pursuant to
            Paragraph 3 or 6 of this Agreement, on the Closing Date:

            (a)   Seller and Buyer shall execute and deliver to each other an
                  Assignment of Leases and Bill of Sale in the form attached
                  hereto as Exhibit D

            (b)   Buyer shall pay the Purchase Price to Seller in immediately
                  available funds;

            (c)   Buyer shall provide copies of all necessary consents, if any,
                  for the conveyance or assignment of the Assets. Such consents
                  to be in the form of Consent and Release attached hereto as
                  Exhibit E.

            For each cell site which is the subject of this Asset Purchase
            Agreement and for which a release of Sprint PCS' obligations cannot
            be obtained prior to the Closing Date, Sprint PCS, in its sole
            discretion, may continue to be obligated under any existing leases
            or purchase obligations for any such cell sites subject to (1)
            receipt of a consent from the landlord or seller of the cell site
            consenting to the

                                       3
<PAGE>

            assumption of the leasehold or purchase obligation by Manager and
            (2) execution of an agreement setting forth the obligations of
            Manager with respect to each such cell site for which a release
            cannot be obtained and containing terms and conditions acceptable to
            Sprint PCS.

            Buyer is responsible for paying or causing to be paid all transfer,
            stamp, recording, sales, use, excise or similar taxes, fees or
            duties payable in connection with the sale, assignment or conveyance
            of Seller's interest in and to the Assets or the assumption of the
            Assumed Liabilities.

            Buyer is also responsible for reporting all taxable property to the
            appropriate taxing authority for ad valorem tax purposes. Buyer will
            pay as and when due all taxes, assessments, liens, encumbrances,
            levies, and other charges against the real estate, personal property
            and intangible property that is sold, transferred, assigned or
            otherwise conveyed to Buyer pursuant to this agreement.

      8.    Further Assurances. Seller will from time to time at the request of
            Buyer, do, make, execute, acknowledge and deliver all such other
            instruments of conveyance, assignment, and transfer, in form and
            substance satisfactory to Seller, as Buyer may reasonably require
            for the more effective conveyance and transfer of any of the Assets.
            Seller's obligations hereunder shall be subject to receipt of the
            Consents and

      9.    Indemnification. Breaches of this Agreement by either Buyer or
            Seller will be a breach for which the non-breaching party is
            entitled to indemnification in accordance with the terms and
            conditions and utilizing the procedures set forth in the Management
            Agreement.

      10.   Entire Agreement and Binding Effect. This Agreement and the exhibits
            and schedules attached to this Agreement (which are incorporated by
            this reference) and the Management Agreement, including all addenda
            thereto, contain the entire agreement between the parties hereto
            with respect to the acquisition of the Assets and the other
            transactions contemplated herein, and supersedes all prior
            agreements or understandings between the parties hereto relating to
            the subject matter hereof. AU exhibits attached hereto are
            incorporated herein by this reference.

      11.   Severability. In the event any one or more of the provisions
            contained in this Agreement or any application thereof is invalid,
            illegal or unenforceable in any respect, the validity, legality and
            enforceability of the remaining provisions of this Agreement and any
            other application thereof will not in any way be affected or
            impaired thereby. Paragraph headings herein or in any exhibit hereto
            have no legal significance and are used solely for convenience of
            reference.

                                       4
<PAGE>

      12.   No Other Representations and Warranties. Seller makes no
            representation or warranty to Buyer with respect to the Assets,
            except as expressly set forth in this Agreement.

      13.   Waivers and Notices. Any term or condition of this Agreement may be
            waived at any time by the party entitled to the benefit thereof by a
            written instrument. No delay or failure on the part of any party in
            exercising any rights hereunder, and no partial or single exercise
            thereof, will constitute a waiver of such rights or of any other
            rights hereunder. All notices, consents, requests, instructions,
            approvals and other communications provided for herein will be
            validly given, made or served if given, made or served in accordance
            with the Management Agreement.

      14.   Counterparts. This Agreement may be executed in any number of
            counterparts, each of which will constitute an original but all of
            such counterparts taken together will constitute only one Agreement.

      15.   Governing Law. The internal laws of the State of Missouri (without
            regard to principles of conflicts of law) govern the validity of
            this agreement, the construction of its terms, and the
            interpretation of the rights and duties of the parties.

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

SELLER:                             SPRINT SPECTRUM L.P.

                                    By__________________________________________
                                        Bernard A. Bianchino
                                        Chief Business Development Officer

                                    SPRINT SPECTRUM EQUIPMENT COMPANY, L.P.

                                    By__________________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                    SPRINT SPECTRUM REALTY COMPANY, L.P.

                                    By__________________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                       5
<PAGE>

                                    COX PCS COMMUNICATIONS, L.P.

                                    By__________________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                    PCS LEASING CO., L.P.

                                    By__________________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                    COX PCS ASSETS, LLC

                                    By__________________________________________
                                        Name:___________________________________
                                        Title:__________________________________

BUYER:                              UBIQUITEL HOLDINGS, INC.

                                    By__________________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                       6
<PAGE>

                                    Exhibit A

                               The Spokane Assets

The following sets forth the Spokane Assets:

1.    Cell site and base station assets:

      Listed by Cascade Number and state of development as shown on the attached
      Spokane District Inventory List Summary.' In summary, the status of
      Spokane sites as of December 23, 1999 follows.

                                      ****

      See attached inventory list for On Air sites.

2.    Switch Assets listed as follows:

      There is one switch in Spokane:
      ****
      Spokane, WA

      See attached inventory list for the switch.

3.    Retail Assets listed as follows:

      SPCS Retail Store:
      11404 E. Sprague
       Spokane, WA 99206
      (509 892 3000)

      SPCS Kiosk:
      4750 N. Division
      Spokane, WA 99207
      (509 484 6782)

      SPCS Field Operations Office:
      11707 E. Sprague, 2nd Floor
      Spokane, WA 99206

      Inventory list to be provided prior to Closing Date.

4.    Spares, test equipment and tools.

            See attached inventory list.

**** Confidential portions omitted and filed separately with the Commission.
<PAGE>

5.    Certain assets which may be physically located in the Spokane BTA but are
      maintained by Sprint PCS as part of its national asset base are not
      included in the transfer. These assets include, for example, the
      following:

                           -Portable generators
                           -Any Cell on Wheels (COW)

6.    The parties agree that the inventory lists provided by Sprint PCS under
      and as part of this exhibit have not been confirmed by a physical
      inventory of the assets by Sprint PCS but simply reflect the asset
      inventories as maintained in the books and records of Sprint PCS. Buyer
      shall assume all risk of any discrepancy between the inventory list as
      provided by Sprint PCS and the actual assets, equipment and spares as may
      be found in the Spokane BTA. Buyer shall have the right of inspection
      prior to Closing as provided for under the Agreement to determine the
      extent, if any, of this risk.

7.    The parties agree that Sprint PCS shall retain ownership and control of
      any cell site located in the Spokane BTA which is (a) owned in fee simple,
      (b) for which Sprint PCS has a ground lease, or (c) for which Sprint PCS
      has the right to co-locate any users of the site in addition to Sprint PCS
      or Manager. For each such site Sprint PCS shall sell the equipment located
      at the site as provided for under the terms of the Agreement and, after
      Closing, Sprint PCS shall lease the site to Manager at market lease rates
      for sites of a similar nature located in the Spokane BTA subject to the
      execution of a Master Lease Agreement between Manager and Sprint Sites
      USA.

**** Confidential portions omitted and filed separately with the Commission.<PAGE>
                                                                    Exhibit 10.6

                          REGISTRATION RIGHTS AGREEMENT

      THIS REGISTRATION RIGHTS AGREEMENT is made as of November 23, 1999, by and
between by and among UbiquiTel Holdings, Inc., a Delaware corporation (the
"Company"), and James Parsons, Donald A. Harris, Paul F. Judge, The Walter
Group, Inc., a State of Washington corporation ("The Walter Group"), and U.S.
Bancorp (each a "Founder" and collectively "Founders"), and the individuals and
entities listed on the signature page hereto as Purchasers (the "Preferred
Stockholders"), all of whom are parties to the Series A Preferred Stock Purchase
Agreement of even date (the "Series A Agreement").

                                    RECITALS

            The Company and the Preferred Stockholders are parties to the Series
A Agreement. The parties agree that this Agreement shall govern the rights of
the Founders and the Preferred Stockholders to cause the Company to register
shares of Founder Stock and shares of Voting Common Stock issuable to the
Preferred Stockholders pursuant to the Series A Agreement and certain other
matters as set forth herein;

            NOW, THEREFORE, THE PARTIES HEREBY AGREE AS FOLLOWS:

            1. Registration Rights. The Company covenants and agrees as follows:

                   1.1. Definitions.  For purposes of this Section 1:

                        (a) The term "Act" means the Securities Act of 1933, as
amended.

                        (b) The term "Form S-3" means such form under the Act as
in effect on the date hereof or any registration form under the Act subsequently
adopted by the SEC which permits inclusion or incorporation of substantial
information by reference to other documents filed by the Company with the SEC.

                        (c) The term "Holder" means any person owning or having
the right to acquire Registrable Securities or any assignee thereof in
accordance with Section 1.12 hereof.

                        (d) The term "Founder Stock" means the 3,417,000 shares
of Voting Common Stock presently issued to the Founders and, if and to the
extent vested, any of the 16,000,000 shares of Nonvoting Common Stock presently
issued to the Founders, and any additional shares of Voting Common Stock or
Nonvoting Common Stock issued to the Founders as a result of stock splits, stock
dividends, or other recapitalizations.

                        (e) The term "1934 Act" shall mean the Securities
Exchange Act of 1934, as amended.

                        (f) The term "register," "registered," and
"registration" refer to a registration effected by preparing and filing a
registration statement or similar document in

                                       1
<PAGE>

compliance with the Act, and the declaration or ordering of effectiveness of
such registration statement or document.

                        (g) The term "Registrable Securities" means the Voting
Common Stock issuable or issued upon conversion of the Series A Preferred Stock
or any shares of Voting Common Stock issued or issuable as a result of stock
splits, stock dividends, or other recapitalization, and solely with respect to
the piggyback registration rights provided in Section 1.3 below, the Founder
Stock.

                        (h) The number of shares of "Registrable Securities then
outstanding" means, at the time of any determination of such number, the total
of (i) the number of shares of Voting Common Stock issued as a result of the
conversion of the Series A Preferred Stock, and (ii) the number of shares of
Voting Common Stock issuable upon conversion of outstanding Series A Preferred
Stock, and (iii) the number of shares of Voting Common Stock issued or issuable
as a result of stock splits, stock dividends, or other recapitalization.

                        (i) The term "SEC" shall mean the Securities and
Exchange Commission.

                        (j) The term "Series A Preferred Stock" means the Series
A Preferred Stock being purchased by the Preferred Stockholders pursuant to the
Series A Agreement.

                        (k) The term "IPO" means the Company's first sale of
securities to the general public pursuant to a registration in a firm commitment
underwritten offering registered under the Securities Act of 1933, as amended,
which results in gross proceeds to the Company (prior to underwriters' discounts
and expenses) of not less than thirty million ($30,000,000) dollars.

                   1.2. Request for Registration.

                        (a) If the Company shall receive at any time a written
request from a majority of Holders of the Registrable Securities that the
Company file a registration statement under the Act covering the registration of
all Registrable Securities then outstanding, then the Company shall:

                             (i) within ten (10) days of the receipt thereof,
give written notice of such request to all Holders; and

                             (ii) effect as soon as practicable, and in any
event within 120 days of the receipt of such request, the registration under the
Act of all Registrable Securities which the Holders request to be registered,
subject to the limitations of subsection 1.2(b).

                         (b) If the Holders initiating the registration request
hereunder ("Initiating Holders") intend to distribute the Registrable Securities
covered by their request by

                                       2
<PAGE>

means of an underwriting, they shall so advise the Company as a part of their
request made pursuant to subsection 1.2(a) and the Company shall include such
information in the written notice referred to in subsection 1.2(a). The
underwriter will be selected by the Company and shall be reasonably acceptable
to a majority in interest of the Initiating Holders. In such event, the right of
any Holder to include his Registrable Securities in such registration shall be
conditioned upon such Holder's participation in such underwriting and the
inclusion of such Holder's Registrable Securities in the underwriting (unless
otherwise mutually agreed by a majority in interest of the Initiating Holders
and such Holder) to the extent provided herein. All Holders proposing to
distribute their securities through such underwriting shall (together with the
Company as provided in subsection 1.4(e)) enter into an underwriting agreement
in customary form with the underwriter or underwriters selected for such
underwriting. Notwithstanding any other provision of this Section 1.2, if the
underwriter advises the Initiating Holders in writing that marketing factors
require a limitation of the number of shares to be underwritten, then the
Initiating Holders shall so advise all Holders of Registrable Securities which
would otherwise be underwritten pursuant hereto, and the number of shares of
Registrable Securities that may be included in the underwriting shall be
allocated among all Holders thereof, including the Initiating Holders, in
proportion (as nearly as practicable) to the amount of Registrable Securities of
the Company owned by each Holder.

                         (c) Notwithstanding the foregoing, if the Company shall
furnish to Holders requesting a registration statement pursuant to this Section
1.2, a certificate signed by the Chief Executive Officer of the Company stating
that in the good faith judgment of the Board of Directors of the Company, it
would be seriously detrimental to the Company and its stockholders for such
registration statement to be filed and it is therefore essential to defer the
filing of such registration statement, the Company shall have the right to defer
taking action with respect to such filing for a period of not more than one
hundred eighty (180) days after receipt of the request of the Initiating
Holders; provided, however, that the Company may not utilize this right more
than once in any twelve-month period.

                         (d) In addition, the Company shall not be obligated to
effect, or to take any action to effect, any registration pursuant to this
Section 1.2:

                             (i) After the Company has effected two
registrations pursuant to this Section 1.2 and such registrations have been
declared or ordered effective;

                             (ii) During the period starting with the date sixty
(60) days prior to the Company's good faith estimate of the date of filing of,
and ending on a date one hundred eighty (180) days after the effective date of,
a registration subject to Section 1.3 hereof; provided, that the Company is
actively employing in good faith all reasonable efforts to cause such
registration statement to become effective; or

                             (iii) If the Initiating Holders propose to dispose
of shares of Registrable Securities that may be immediately registered on Form
S-3 pursuant to a request made pursuant to Section 1.11 below.

                                       3
<PAGE>

                   1.3. Company Registration. If (but without any obligation to
do so) the Company proposes to register (including for this purpose a
registration effected by the Company for stockholders other than the Holders)
any of its stock or other securities under the Act in connection with the public
offering of such securities solely for cash (other than a registration relating
solely to the sale of securities to participants in a Company stock plan, a
registration with respect to corporate reorganization or other transaction under
Rule 145 of the Securities Act, a registration on any form which does not
include substantially the same information as would be required to be included
in a registration statement covering the sale of the Registrable Securities or a
registration in which the only Common Stock being registered is Common Stock
issuable upon conversion of debt securities which are also being registered),
the Company shall, at such time, promptly give each Holder written notice of
such registration. Upon the written request of each Holder given within thirty
(30) days after mailing of such notice by the Company in accordance with Section
3.5, the Company shall, subject to the provisions of Section 1.8, cause to be
registered under the Act all of the Registrable Securities that each such Holder
has requested to be registered. The Founders shall have the right to have the
shares of the Founder Stock included in any Company registration under this
Section 1.3; provided, however, that such rights shall be subject and
subordinate to the rights of the Holders (other than the Founders) and; provided
further that no shares of the Founder Stock shall be included in any Company
registration hereunder, unless and until all shares of Holders (other than the
Founders) requesting that their Registrable Securities be registered are
included in such offering.

                   1.4. Obligations of the Company. Whenever required under this
Section 1 to effect the registration of any Registrable Securities, the Company
shall, as expeditiously as reasonably possible:

                         (a) Prepare and file with the SEC a registration
statement with respect to such Registrable Securities and use its best efforts
to cause such registration statement to become effective, and, upon the request
of the Holders of a majority of the Registrable Securities registered
thereunder, keep such registration statement effective for a period of up to one
hundred twenty (120) days or until the distribution contemplated in the
Registration Statement has been completed; provided, however, that (i) such
120-day period shall be extended for a period of time equal to the period the
Holder refrains from selling any securities included in such registration at the
request of an underwriter of Common Stock (or other securities) of the Company;
and (ii) in the case of any registration of Registrable Securities on Form S-3
which are intended to be offered on a continuous or delayed basis, such 120-day
period shall be extended, if necessary, to keep the registration statement
effective until all such Registrable Securities are sold, provided that Rule
415, or any successor rule under the Act, permits an offering on a continuous or
delayed basis, and provided further that applicable rules under the Act
governing the obligation to file a post-effective amendment permit, in lieu of
filing a post-effective amendment which (x) includes any prospectus required by
Section 10(a)(3) of the Act or (y) reflects facts or events representing a
material or fundamental change in the information set forth in the registration
statement, the incorporation by reference of information required to be included
in (x) and (y) above to be contained in periodic reports filed pursuant to
Section 13 or 15(d) of the 1934 Act in the registration statement.

                                       4
<PAGE>

                         (b) Prepare and file with the SEC such amendments and
supplements to such registration statement and the prospectus used in connection
with such registration statement as may be necessary to comply with the
provisions of the Act with respect to the disposition of all securities covered
by such registration statement.

                         (c) Furnish to the Holders such numbers of copies of a
prospectus, including a preliminary prospectus, in conformity with the
requirements of the Act, and such other documents as they may reasonably request
in order to facilitate the disposition of Registrable Securities owned by them.

                         (d) Use its best efforts to register and qualify the
securities covered by such registration statement under such other securities or
Blue Sky laws of such jurisdictions as shall be reasonably requested by the
Holders; provided, that the Company shall not be required in connection
therewith or as a condition thereto to qualify to do business or to file a
general consent to service of process in any such states or jurisdictions.

                         (e) In the event of any underwritten public offering,
enter into and perform its obligations under an underwriting agreement, in usual
and customary form, with the managing underwriter of such offering. Each Holder
participating in such underwriting shall also enter into and perform its
obligations under such an agreement.

                         (f) Notify each Holder of Registrable Securities
covered by such registration statement at any time when a prospectus relating
thereto is required to be delivered under the Act of the happening of any event
as a result of which the prospectus included in such registration statement, as
then in effect, includes an untrue statement of a material fact or omits to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading in the light of the circumstances then
existing.

                         (g) Cause all such Registrable Securities registered
pursuant hereunder to be listed on each securities exchange on which similar
securities issued by the Company are then listed.

                         (h) Provide a transfer agent and registrar for all
Registrable Securities registered pursuant hereunder and a CUSIP number for all
such Registrable Securities, in each case not later than the effective date of
such registration.

                   1.5. Furnish Information.

                         (a) It shall be a condition precedent to the
obligations of the Company to take any action pursuant to this Section 1 with
respect to the Registrable Securities of any selling Holder that such Holder
shall furnish to the Company such information regarding itself, the Registrable
Securities held by it, and the intended method of disposition of such securities
as shall be required to effect the registration of such Holder's Registrable
Securities.

                         (b) The Company shall have no obligation with respect
to any registration requested pursuant to Section 1.2 or Section 1.11 if the
number of shares or the

                                       5
<PAGE>

anticipated aggregate offering price of the Registrable Securities to be
included in the registration does not equal or exceed the number of shares or
the anticipated aggregate offering price required to originally trigger the
Company's obligation to initiate such registration as specified in subsection
1.2(a) or subsection 1.11(b)(2), whichever is applicable.

                   1.6. Expenses of Demand Registration. All expenses other than
underwriting discounts and commissions incurred in connection with
registrations, filings or qualifications pursuant to Section 1.2, including
(without limitation) all registration, filing and qualification fees, printers'
and accounting fees, fees and disbursements of counsel for the Company, shall be
borne by the Company; provided, however, that the Company shall not be required
to pay for any expenses of any registration proceeding begun pursuant to Section
1.2 if the registration request is subsequently withdrawn at the request of the
Holders of a majority of the Registrable Securities to be registered (in which
case all participating Holders shall bear such expenses), unless the Holders of
a majority of the Registrable Securities agree to forfeit their right to one
demand registration pursuant to Section 1.2.

                   1.7. Expenses of Company Registration. The Company shall bear
and pay all expenses incurred in connection with any registration, filing or
qualification of Registrable Securities with respect to the registrations
pursuant to Section 1.3 for each Holder (which right may be assigned as provided
in Section 1.12), including (without limitation) all registration, filing, and
qualification fees, printers, legal and accounting fees relating or
apportionable thereto, but excluding underwriting discounts and commissions
relating to Registrable Securities.

                   1.8. Underwriting Requirements. In connection with any
offering involving an underwriting of shares of the Company's capital stock, the
Company shall not be required under Section 1.3 to include any of the Holders'
securities in such underwriting unless they accept the terms of the underwriting
as agreed upon between the Company and the underwriters selected by it (or by
other persons entitled to select the underwriters), and then only in such
quantity as the underwriters determine in their sole discretion will not
jeopardize the success of the offering by the Company. If the total amount of
securities, including Registrable Securities, requested by stockholders to be
included in such offering exceeds the amount of securities sold other than by
the Company that the underwriters determine in their sole discretion is
compatible with the success of the offering, then the Company shall be required
to include in the offering only that number of such securities, including
Registrable Securities, which the underwriters determine in their sole
discretion will not jeopardize the success of the offering (the securities so
included to be apportioned pro rata among the selling stockholders according to
the total amount of securities entitled to be included therein owned by each
selling stockholder or in such other proportions as shall mutually be agreed to
by such selling stockholders).

                   1.9. Delay of Registration. No Holder shall have any right to
obtain or seek an injunction restraining or otherwise delaying any such
registration as the result of any controversy that might arise with respect to
the interpretation or implementation of this Section 1.

                                       6
<PAGE>

                   1.10. Indemnification. In the event any Registrable
Securities are included in a registration statement under this Section 1:

                         (a) To the extent permitted by law, the Company will
indemnify and hold harmless each Holder, such Holder's members, officers,
directors, partners, shareholders and employees, any underwriter (as defined in
the Act) for such Holder and each person, if any, who controls such Holder or
underwriter within the meaning of the Act or the 1934 Act, against any losses,
claims, damages, or liabilities (joint or several) to which they may become
subject under the Act, or the 1934 Act or other federal or state law, insofar as
such losses, claims, damages, or liabilities (or actions in respect thereof)
arise out of or are based upon any of the following statements, omissions or
violations (collectively a "Violation"): (i) any untrue statement or alleged
untrue statement of a material fact contained in such registration statement,
including any preliminary prospectus or final prospectus contained therein or
any amendments or supplements thereto, (ii) the omission or alleged omission to
state therein a material fact required to be stated therein, or necessary to
make the statements therein not misleading, or (iii) any violation or alleged
violation by the Company of the Act, the 1934 Act, any state securities law or
any rule or regulation promulgated under the Act, or the 1934 Act or any state
securities law; and the Company will pay to each such Holder, underwriter or
controlling person, as incurred, any legal or other expenses reasonably incurred
by them in connection with investigating or defending any such loss, claim,
damage, liability, or action; provided, however, that the indemnity agreement
contained in this subsection 1.10(a) shall not apply to amounts paid in
settlement of any such loss, claim, damage, liability, or action if such
settlement is effected without the consent of the Company (which consent shall
not be unreasonably withheld), nor shall the Company be liable in any such case
for any such loss, claim, damage, liability, or action to the extent that it
arises out of or is based upon a Violation which occurs in reliance upon and in
conformity with written information furnished expressly for use in connection
with such registration by any such Holder, underwriter or controlling person.

                         (b) To the extent permitted by law, each selling Holder
will indemnify and hold harmless the Company, each of its directors, each of its
officers who has signed the registration statement, each person, if any, who
controls the Company within the meaning of the Act, any underwriter, any other
Holder selling securities in such registration statement and any controlling
person of any such underwriter or other Holder, against any losses, claims,
damages, or liabilities (joint or several) to which any of the foregoing persons
may become subject, under the Act, or the 1934 Act or other federal or state
law, insofar as such losses, claims, damages, or liabilities (or actions in
respect thereto) arise out of or are based upon any Violation, in each case to
the extent (and only to the extent) that such Violation occurs in reliance upon
and in conformity with written information furnished by such Holder expressly
for use in connection with such registration; and each such Holder will pay, as
incurred, any legal or other expenses reasonably incurred by any person intended
to be indemnified pursuant to this subsection 1.10(b), in connection with
investigating or defending any such loss, claim, damage, liability, or action;
provided, however, that the indemnity agreement contained in this subsection
1.10(b) shall not apply to amounts paid in settlement of any such loss, claim,
damage, liability or action if such settlement is effected without the consent
of the Holder, which consent

                                       7
<PAGE>

shall not be unreasonably withheld; provided, that, in no event shall any
indemnity under this subsection 1.10(b) exceed the gross proceeds from the
offering received by such Holder.

                         (c) Promptly after receipt by an indemnified party
under this Section 1.10 of notice of the commencement of any action (including
any governmental action), such indemnified party will, if a claim in respect
thereof is to be made against any indemnifying party under this Section 1.10,
deliver to the indemnifying party a written notice of the commencement thereof
and the indemnifying party shall have the right to participate in, and, to the
extent the indemnifying party so desires, jointly with any other indemnifying
party similarly noticed, to assume the defense thereof with counsel mutually
satisfactory to the parties; provided, however, that an indemnified party
(together with all other indemnified parties which may be represented without
conflict by one counsel) shall have the right to retain one separate counsel,
with the fees and expenses to be paid by the indemnifying party, if
representation of such indemnified party by the counsel retained by the
indemnifying party would be inappropriate due to actual or potential differing
interests between such indemnified party and any other party represented by such
counsel in such proceeding. The failure to deliver written notice to the
indemnifying party within a reasonable time of the commencement of any such
action, if prejudicial to its ability to defend such action, shall relieve such
indemnifying party of any liability to the indemnified party under this Section
1.10, but the omission so to deliver written notice to the indemnifying party
will not relieve it of any liability that it may have to any indemnified party
otherwise than under this Section 1.10.

                         (d) If the indemnification provided for in this Section
1.10 is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any loss, liability, claim, damage, or expense
referred to therein, then the indemnifying party, in lieu of indemnifying such
indemnified party hereunder, shall contribute to the amount paid or payable by
such indemnified party as a result of such loss, liability, claim, damage, or
expense in such proportion as is appropriate to reflect the relative fault of
the indemnifying party on the one hand and of the indemnified party on the other
in connection with the statements or omissions that resulted in such loss,
liability, claim, damage, or expense as well as any other relevant equitable
considerations. The relative fault of the indemnifying party and of the
indemnified party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission to state a material fact relates to information supplied by the
indemnifying party or by the indemnified party and the parties' relative intent,
knowledge, access to information, and opportunity to correct or prevent such
statement or omission.

                         (e) Notwithstanding the foregoing, to the extent that
the provisions on indemnification and contribution contained in the underwriting
agreement entered into in connection with the underwritten public offering are
in conflict with the foregoing provisions, the provisions in the underwriting
agreement shall control.

                         (f) The obligations of the Company and Holders under
this Section 1.10 shall survive the completion of any offering of Registrable
Securities in a registration statement under this Section 1, and otherwise.

                                       8
<PAGE>

                   1.11. Form S-3 Registration. In case the Company shall
receive from any Holder or Holders a written request or requests that the
Company effect a registration on Form S-3 and any related qualification or
compliance with respect to all or a part of the Registrable Securities owned by
such Holder or Holders, and the Company is then eligible to register the Common
Stock on Form S-3, the Company will:

                         (a) promptly give written notice of the proposed
registration, and any related qualification or compliance, to all other Holders;
and

                         (b) as soon as practicable, effect such registration
and all such qualifications and compliances as may be so requested and as would
permit or facilitate the sale and distribution of all or such portion of such
Holder's or Holders' Registrable Securities as are specified in such request,
together with all or such portion of the Registrable Securities of any other
Holder or Holders joining in such request as are specified in a written request
given within 15 days after receipt of such written notice from the Company;
provided, however, that the Company shall not be obligated to effect any such
registration, qualification or compliance, pursuant to this Section 1.11: (1) if
Form S-3 is not available for such offering by the Holders; (2) if the Holders,
together with the holders of any other securities of the Company entitled to
inclusion in such registration, propose to sell Registrable Securities and such
other securities (if any) at an aggregate price to the public (net of any
underwriters' discounts or commissions) of less than $500,000; (3) if the
Company shall furnish to the Holders a certificate signed by the President of
the Company stating that in the good faith judgment of the Board of Directors of
the Company, it would be seriously detrimental to the Company and its
stockholders for such Form S-3 Registration to be effected at such time, in
which event the Company shall have the right to defer the filing of the Form S-3
registration statement for a period of not more than sixty (60) days after
receipt of the request of the Holder or Holders under this Section 1.11;
provided, however, that the Company shall not utilize this right more than once
in any twelve month period; (4) if the Company has, within the twelve (12) month
period preceding the date of such request, already effected two (2)
registrations on Form S-3 for the Holders pursuant to this Section 1.11; or (5)
in any particular jurisdiction in which the Company would be required to qualify
to do business or to execute a general consent to service of process in
effecting such registration, qualification or compliance.

                         (c) Subject to the foregoing, the Company shall file a
registration statement covering the Registrable Securities and other securities
so requested to be registered as soon as practicable after receipt of the
request or requests of the Holders. All expenses incurred in connection with a
registration requested pursuant to Section 1.11, including (without limitation)
all registration, filing, qualification, printer's and accounting fees and the
reasonable fees and disbursements of counsel for the selling Holder or Holders
and counsel for the Company, shall be borne by the Company. Registrations
effected pursuant to this Section 1.11 shall not be counted as demands for
registration or registrations effected pursuant to Sections 1.2 or 1.3,
respectively.

                                       9
<PAGE>

                   1.12. Assignment of Registration Rights

                         (a) The rights to cause the Company to register
Registrable Securities pursuant to this Section 1 may be assigned (but only with
all related obligations) by a Holder to a transferee or assignee of such
securities if (x) such transfer involves all the Registrable Securities held by
the Holder, or (y) a transfer by a Preferred Stockholder which is a corporation
to a wholly owned subsidiary of such corporation, a transfer by a Preferred
Stockholder which is a partnership to a partner of such partnership or a retired
partner of such partnership who retires after the date hereof, or to the estate
of any such partner or retired partner, or a transfer by a Preferred Stockholder
which is a limited liability company to a member of such limited liability
company or a retired member who resigns after the date hereof or to the estate
of any such member or retired member; or a transfer by a Preferred Stockholder
which is an individual to a member of the immediate family of such individual or
to a trust solely for the benefit of such individual or the members of the
immediate family of such individual or to the estate of such individual;
provided, that all such assignees who would not qualify individually for
assignment of registration rights under subsection 1.12 (a) shall have a single
attorney-in-fact for the purpose of exercising any rights, receiving notices or
taking any action under this Section 1 and shall provide a power of attorney to
that effect if requested by the Company.

                         (b) No assignment or transfer pursuant to this Section
1.12 shall be effective unless (i) the Company is, within a reasonable time
after such transfer, furnished with written notice of the name and address of
such transferee or assignee and the securities with respect to which such
registration rights are being assigned; (ii) such transferee or assignee agrees
in writing to be bound by and subject to the terms and conditions of this
Agreement, including without limitation the provisions of Section 1.14 below;
and (iii) such assignment shall be effective only if immediately following such
transfer the further disposition of such securities by the transferee or
assignee is restricted under the Act.

                   1.13. Limitations on Subsequent Registration Rights. From and
after the date of this Agreement, the Company shall not, without the prior
written consent of the Holders of 75% of the outstanding Registrable Securities,
enter into any agreement with any holder or prospective holder of any securities
of the Company which would allow such holder or prospective holder (a) to
include such securities in any registration filed under Section 1.2 hereof,
unless under the terms of such agreement, such holder or prospective holder may
include such securities in any such registration only to the extent that the
inclusion of his securities will not reduce the amount of the Registrable
Securities of the Holders which is included or (b) to make a demand registration
which could result in such registration statement being declared effective prior
to the earlier of either of the dates set forth in subsection 1.2(a) or within
one hundred twenty (120) days of the effective date of any registration effected
pursuant to Section 1.2.

                   1.14. "Market Stand-Off" Agreement. Preferred Stockholders
and the Founders hereby agree that, during the period of duration specified by
the Company and an underwriter of common stock or other securities of the
Company, following the effective date of a registration statement of the Company
filed under the Act, they shall not, to the extent requested by the Company and
such underwriter, directly or indirectly sell, offer to sell, contract

                                       10
<PAGE>

to sell (including, without limitation, any short sale), grant any option to
purchase or otherwise transfer or dispose of (other than to donees who agree to
be similarly bound) any securities of the Company held by them at any time
during such period except common stock included in such registration; provided,
however, that:

                         (a) such agreement shall be applicable only to the
first two such registration statements of the Company which cover common stock
(or other securities) to be sold on its behalf to the public in an underwritten
offering;

                         (b) all executive officers and directors of the Company
and all other persons with registration rights (whether or not pursuant to this
Agreement) enter into similar agreements; and

                         (c) such market stand-off time period shall not exceed
one hundred eighty (180) days.

            In order to enforce the foregoing covenant, the Company may impose
stop-transfer instructions with respect to the Registrable Securities of
Preferred Stockholders (and the shares or securities of every other person
subject to the foregoing restriction) until the end of such period.

            Notwithstanding the foregoing, the obligations described in this
Section 1.14 shall not apply to a registration relating solely to employee
benefit plans on Form S-8 or similar forms which may be promulgated in the
future, or a registration relating solely to a Commission Rule 145 transaction
on Form S-4 or similar forms which may be promulgated in the future.

                   1.15. Termination of Registration Rights.

                         No Holder shall be entitled to exercise any right
provided for in this Section 1 after ten (10) years following the effective date
of the IPO.

            2. Covenants of the Company.

                   2.1. Right of First Offer. Subject to the terms and
conditions specified in this Section 2.1, the Company hereby grants to the
Preferred Stockholders a right of first offer with respect to future sales by
the Company of its Shares (as hereinafter defined). For purposes of this Section
2.1, "Preferred Stockholders" includes any general partners, members, and
affiliates of the Preferred Stockholders. The Preferred Stockholders shall
apportion the right of first offer hereby granted among each Preferred
Stockholder in proportion to such Preferred Stockholder's proportionate
investment, or in such proportions as may be agreed upon amongst the Preferred
Stockholders, and each Preferred Stockholder shall be entitled to apportion the
right of first offer hereby granted it among itself and its partners, members,
and affiliates in such proportions as it deems appropriate.

            Each time the Company proposes to offer any shares of, or securities
convertible into or exercisable for any shares of, common stock relating to the
financing of any market

                                       11
<PAGE>

("Shares"), other than pursuant to an IPO, while shares of the Series A
Preferred are outstanding ("Private Equity Offering"), the Company shall first
make an offering of a number of Shares to the Preferred Stockholders in
accordance with the following provisions:

                         (a) The Company shall deliver a notice by certified
mail ("Notice") to each Preferred Stockholder stating (i) its bona fide
intention to offer such Shares, (ii) the number of such Shares to be offered,
and (iii) the price and terms, if any, upon which it proposes to offer such
Shares.

                         (b) Within sixty (60) calendar days after receipt of
the Notice, the Preferred Stockholders may elect to purchase, at the price and
on the terms specified in the Notice, such number of Shares so as to maintain
their then existing ownership interest in the Company, assuming that all of the
shares of Series A Preferred then outstanding were converted into common stock
immediately prior to consummation of such Private Equity Offering.

                         (c) If the Preferred Stockholders do not elect to
purchase the full number of Shares that they are entitled to purchase pursuant
to subsection 2.1(b), the Company may, during the 120-day period following the
expiration of the period provided in subsection 2.4(b), offer the remaining
unsubscribed portion of such Shares to any person or persons at a price not less
than, and upon terms no more favorable to the offeree than those specified in
the Notice. If the Company does not enter into an agreement for the sale of the
Shares within such period, or if such agreement is not consummated within ninety
(90) days of the execution thereof, the right provided hereunder shall be deemed
to be revived and such Shares shall not be offered unless first reoffered to the
Preferred Stockholders in accordance herewith.

                         (d) The right of first offer in this Section 2.1 shall
not be applicable (i) to the issuance or sale of shares of common stock (or
options therefor) to employees, consultants, directors or vendors for the
primary purpose of soliciting or retaining their employment or services, or (ii)
after the effective date of the IPO; or (iii) the issuance of securities
pursuant to the conversion or exercise of convertible or exercisable securities,
or (iv) the issuance of securities in connection with a bona fide business
acquisition of or by the Company, whether by merger, consolidation, sale of
assets, sale or exchange of stock or otherwise, or (v) the issuance of stock,
warrants or other securities or rights to persons or entities with which the
Company has business relationships, provided such issuances are for other than
primarily equity financing purposes.

                         (e) The right of first offer set forth in this Section
2.1 may not be assigned or transferred, and shall terminate upon an IPO.

                   2.2. Negative Covenants. So long as the Series A Preferred
Stock, the Paribas Stock and the BET Stock is still outstanding, the Company
shall not, without the prior written consent of the holders of at least seventy
five percent (75%) of all outstanding shares of Series A Preferred Stock:

                                       12
<PAGE>

                         (a) Grant registration rights superior to those set
forth in Section 1 without also making such rights available to the Preferred
Stockholders; or

                         (b) Grant rights of first offer or first refusal
superior to those set forth in Section 2.1, without also making such rights
available to the Preferred Stockholders.

                   2.3 Additional Rights. In addition to the registration rights
granted in Section 1, and the right of first offer granted in Section 2.1, the
Company grants to the Preferred Stockholders any registration rights, or rights
of first refusal, which are granted to any subsequent purchasers of the
Company's equity securities if and to the extent that any such rights are in the
good faith judgment of the Company's Board of Directors superior to those
granted in Sections 1, and 2.1.

            3. Miscellaneous.

                   3.1. Successors and Assigns. Except as otherwise provided
herein, the terms and conditions of this Agreement shall inure to the benefit of
and be binding upon the respective successors and assigns of the parties
(including transferees of any shares of Registrable Securities). Nothing in this
Agreement, express or implied, is intended to confer upon any party other than
the parties hereto or their respective successors and assigns any rights,
remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.

                   3.2. Governing Law. This Agreement shall be governed by and
construed under the laws of the State of Delaware as applied to agreements
entered into and to be performed entirely within Delaware.

                   3.3. Counterparts. This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

                   3.4. Titles and Subtitles. The titles and subtitles used in
this Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement.

                   3.5. Notices. Unless otherwise provided, any notice required
or permitted under this Agreement shall be given in writing and shall be deemed
effectively given upon personal delivery to the party to be notified or upon
delivery by recognized overnight courier service, or upon deposit with the
United States Post Office, by registered or certified mail, postage prepaid and
addressed to the party to be notified at the address indicated for such party on
the signature page hereof, or at such other address as such party may designate
by ten (10) days' advance written notice to the other parties.

                   3.6. Expenses. If any action at law or in equity is necessary
to enforce or interpret the terms of this Agreement, the prevailing party shall
be entitled to reasonable

                                       13
<PAGE>

attorneys' fees, costs and necessary disbursements in addition to any other
relief to which such party may be entitled.

                   3.7. Amendments and Waivers. Any term of this Agreement may
be amended and the observance of any term of this Agreement may be waived
(either generally or in a particular instance and either retroactively or
prospectively), only with the written consent of the Company and the holders of
a majority of the Registrable Securities then outstanding; provided that the
sections of this Agreement that contain a super majority requirement shall be
amended only with the written consent of the Company and the holders of 75% of
the Registrable Securities then outstanding. Any amendment or waiver effected in
accordance with this paragraph shall be binding upon each holder of any
Registrable Securities then outstanding, each future holder of all such
Registrable Securities, and the Company.

                   3.8. Severability. If one or more provisions of this
Agreement are held to be unenforceable under applicable law, such provision
shall be excluded from this Agreement and the balance of the Agreement shall be
interpreted as if such provision were so excluded and shall be enforceable in
accordance with its terms.

                   3.9. Aggregation of Stock. All shares of Registrable
Securities held or acquired by affiliated entities or persons shall be
aggregated together for the purpose of determining the availability of any
rights under this Agreement.

                   3.10. Entire Agreement. This Agreement (including the
Exhibits hereto, if any) constitutes the full and entire understanding and
agreement between the parties with regard to the subjects hereof and thereof.

                                       14
<PAGE>

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

                     SIGNATURE PAGE FOR REGISTRATION RIGHTS AGREEMENT

      The foregoing agreement is hereby executed as of the date set forth on the
first page:

                                        COMPANY:
                                        UBIQUITEL HOLDINGS, INC.

                                        By:_____________________________________
                                        Name:  Donald A. Harris
                                        Title: President and CEO

                                        3 Bala Plaza - Suite 502
                                        Bala Cynwyd, PA  19004
                                        (610) 660-4920 (fax)

                                        FOUNDERS:
                                        ________________________________________
                                        Donald A. Harris
                                        130 Abrahams Lane
                                        St. Davids, PA  19087
                                        (610) 660-4920 (fax)
                                        ________________________________________
                                        James Parsons
                                        330 Madison Avenue S.
                                        Bainbridge Island, WA  98110
                                        (206) 780-1414 (fax)
                                        ________________________________________
                                        Paul F. Judge
                                        120 Lakeside Avenue, Suite 310
                                        Seattle, WA  98122-6578
                                        (206)328-0815 (fax)
<PAGE>

                                        THE WALTER GROUP

                                        By:_____________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                        120 Lakeside Avenue, Suite 310
                                        Seattle, WA  98122-6578
                                        (206) 328-0815 (fax)

                                        US BANCORP.

                                        By:_____________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                        111 SW 5th Avenue - 2nd Floor
                                        Portland, OR  97204
                                        (503) 275-6663

                                        PURCHASERS
                                        ________________________________________
                                        Donald A. Harris

                                        BROOKWOOD FINANCIAL
                                              PARTNERS, LLC

                                        By:_____________________________________
                                        Name:  Thomas N. Trkla
                                        Title: Chairman and CEO

                                        55 Tozer Road
                                        Beverly, MA  01915
                                        (978) 927-0499 (fax)

Copy to:
            James T. Easterling
            Ungaretti & Harris
            3500 Three First National Plaza
            Chicago, IL  60602
            (312) 977-4405

<PAGE>

                                        LANCASTER INVESTMENT PARTNERS

                                        By:_____________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                        500 N. Gulph Road - Suite 110
                                        King of Prussia, PA  19406
                                        (610) 783-4788 (fax)
                                        ________________________________________
                                        Stephen C. Marcus
                                        915 Exeter Crest
                                        Villanova, PA  19085
                                        (610) 519-1389 (fax)
                                        ________________________________________
                                        Robert Berlacher
                                        675 Church Road
                                        Villanova, PA  19085
                                        (610) 783-4788 (fax)
                                        ________________________________________
                                        Richard C. Walling, Jr.

                                        c/o Richard C. Walling, Jr.
                                        Express Marine, Inc.
                                        29th Street on the Delaware
                                        Camden, NJ  08105
                                        (856) 541-0338 (fax)

                                        PORTER PARTNERS, LP

                                        By:_____________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                        100 Shoreline, Suite 211B
                                        Mill Valley, CA  94941
                                        (415) 332-8223 (fax)

<PAGE>

                                        BALLYSHANNON PARTNERS LP

                                        By:_____________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                        325 Bryn Mawr Avenue
                                        Bryn Mawr, PA  19010
                                        (610) 935-3000 (fax)
                                        ________________________________________
                                        Barry Porter
                                        (310) 385-3714 (fax)

                                        WESTOVER COMMUNICATIONS,

                                        By:_____________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                        1733 H Street, #330-141
                                        Blaine, WA  98230

Copy to:
            Westover Communications Ltd.
            17886 55 Avenue
            Surray BC  V35 6C8
            (604) 576-4855 (fax)

                                        SPECTRASITE COMMUNICATIONS

                                        By:_____________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                        100 Regency Forest Drive - Suite 400
                                        Cary, NC  27511
                                        (919) 468-8522 (fax)
<PAGE>

                                        ________________________________________
                                        Mark Buechley

                                        ________________________________________
                                        Jerri Buechley

                                        P.O. Box 394
                                        Glide, OR  97443
                                        (503) 210-1002 (fax)

Copy to:
            Coni Rathbone
            Davis Wright Tremane
            1300 SW 5th Avenue, Suite 2300
            Portland, OR  97201
            (503) 778-5299 (fax)

                                        New Ventures, LLC

                                        By:_____________________________________
                                        Name:___________________________________
                                        Title:__________________________________

                                        211 N. Union Street, Suite 300
                                        Alexandria, VA  22314
                                        (703) 706-3837 (fax)
<PAGE>

                                        EXHIBIT A
                                  PREFERRED STOCKHOLDERS

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}]]