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DOBSON COMMUNICATIONS CORPORATION

                        2002 EMPLOYEE STOCK PURCHASE PLAN

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                        DOBSON COMMUNICATIONS CORPORATION

                        2002 EMPLOYEE STOCK PURCHASE PLAN

     The following constitute the provisions of the 2002 Employee Stock Purchase
Plan of Dobson Communications Corporation.

     1. Purpose.  The purpose of the Plan is to provide employees of the Company
and its Designated Parent or Subsidiaries with an opportunity to purchase Common
Stock of the Company through accumulated payroll deductions. It is the intention
of the Company to have the Plan qualify as an  "Employee  Stock  Purchase  Plan"
under Section 423 of the Code. The provisions of the Plan, accordingly, shall be
construed so as to extend and limit  participation  in a manner  consistent with
the requirements of Section 423 of the Code.

     2. Definitions. As used herein, the following definitions shall apply:

     (a) "Account" means the account established for record-keeping  purposes by
the  Plan   Administrator   under  the  Plan  to  which  will  be  credited  the
Participant's payroll deductions.

     (b)  "Beneficiary"  means the person or entity  designated  as  provided in
Section 14 to exercise the Participant's Option in the case of death.

     (c) "Board" means the Board of Directors of the Company.

     (d) "Code" means the Internal Revenue Code of 1986, as amended.

     (e) "Common Stock" means the Class A Common Stock of the Company, par value
$0.001 per share.

     (f)  "Company"  means  Dobson  Communications   Corporation,   an  Oklahoma
corporation.

     (g)  "Compensation"  means wages as defined in Section  3401(a) of the Code
and all  other  payments  of  compensation  to an  Employee  by the  Company,  a
Designated  Parent or Subsidiary  for services while employed as an Employee for
which the Company,  a Designated Parent or Subsidiary is required to furnish the
Employee a written  statement under Sections  6041(d) and 6051(a)(3) of the Code
including  overtime pay,  bonuses,  commissions  and the value of a qualified or
non-qualified  stock option  award to the extent  includable  in the  Employee's
taxable  income.  Compensation  shall  also mean such  amounts  of base  salary,
bonuses,  annual  awards and other  incentive  payments  as are  deferred by the
Employee (i) under a qualified cash or deferred arrangement described in Section
401(k) of the Code, or (ii) to a plan  qualified  under Section 125 of the Code.
Compensation  does not include  severance pay.  Compensation  must be determined
without  regard  to  any  rules  under  Code  Section  3401(a)  that  limit  the
remuneration included in wages based on the nature or location of the employment
or the services  performed (such as the exception for agricultural labor in Code
Section 3401(a)(2)).

     (h) "Designated  Parent or  Subsidiaries"  means the Parent or Subsidiaries
which  have  been  designated  by the Plan  Administrator  from  time to time as
eligible to participate in the Plan.

     (i)  "Effective  Date"  means  September  1,  2002.  However,   should  any
Designated  Parent or  Subsidiary  become a  participating  employer in the Plan
after such date, then such entity shall designate a separate Effective Date with
respect to its employee-participants.

     (j) "Employee"  means any  individual who is an employee of the Company,  a
Designated  Parent  or  Subsidiary  for  purposes  of  Section  423 of the Code,
including  an officer or  director.  For  purposes of the Plan,  the  employment
relationship  shall be treated as continuing  intact while the  individual is on
sick leave or other  leave of absence  approved  by the  individual's  employer.
Where the period of leave exceeds ninety (90) days and the individual's right to
reemployment is not guaranteed either by statute or by contract,  the employment
relationship will be deemed to have terminated on the ninety-first (91st) day of
such leave, for purposes of determining eligibility to participate in the Plan.

     (k) "Enrollment Date" means the first day of each Purchase Period.

     (l) "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     (m) "Exercise Date" means the last day of each Purchase Period.

     (n) "Fair  Market  Value" means (A) during such time as the Common Stock is
listed   upon  the  New  York  Stock   Exchange  or  other   exchanges   or  the
NASDAQ/National  Market  System,  the closing  price of the Common Stock on such
stock exchange or exchanges or the NASDAQ/National  Market System on the day for
which such value is to be  determined,  or if no sale of the Common  Stock shall
have been made on any such stock exchange or the  NASDAQ/National  Market System
that day,  on the next  preceding  day on which  there was a sale of such Common
Stock or (B)  during any such time as the  Common  Stock is not  listed  upon an
established  stock  exchange  or the  NASDAQ/National  Market  System,  the mean
between   dealer   "bid"  and  "ask"   prices  of  the   Common   Stock  in  the
over-the-counter market on the day for which such value is to be determined,  as
reported by the National Association of Securities Dealers, Inc.

     (o) "Option"  means the right of a Participant  on an  applicable  Exercise
Date to purchase  the number of shares of Common Stock as provided in Sections 7
and 8 of the Plan.

     (p)  "Parent"  means  a  "parent  corporation,"  whether  now or  hereafter
existing, as defined in Section 424(e) of the Code.

     (q) "Participant"  means an Employee of the Company or Designated Parent or
Subsidiary who is actively participating in the Plan.

     (r) "Plan" means this Dobson Communications Corporation 2002 Employee Stock
Purchase Plan.

     (s) "Plan  Administrator"  means either the Board or a designee selected by
the  Board  that  is  responsible  for  the  administration  of the  Plan  as is
designated  from time to time by  resolution of the Board as provided in Section
13.

     (t) "Purchase  Period" means any six-month period commencing on September 1
and ending on the last day of  February or  commencing  on March 1 and ending on
August 31 of each year during which the Plan is in existence.

     (u) "Purchase Price" shall mean, with respect to each Purchase  Period,  an
amount  equal to 85% of the Fair Market  Value of a share of Common Stock on the
Enrollment Date of such Purchase Period or on the Exercise Date of such Purchase
Period, whichever is lower.

     (v)  "Reserves"  means the sum of the  number  of  shares  of Common  Stock
covered by each Option under the Plan which has not yet been  exercised  and the
number of shares of Common Stock which have been  authorized  for issuance under
the Plan but not yet placed under Option.

     (w) "Subscription Agreement" means with respect to each Purchase Period the
form  attached  hereto as Exhibit A which each  Participant  must complete to be
eligible to participate in the Plan.

     (x) "Subsidiary" means a "subsidiary corporation," whether now or hereafter
existing, as defined in Section 424(f) of the Code.

     3. Eligibility.

     (a)  General.   Except  as  provided  in  Subsections  (b)-(d)  below,  any
individual  who is an Employee on a given  Enrollment  Date shall be eligible to
participate in the Plan for the Purchase Period  commencing with such Enrollment
Date. Only Employees may be granted Options under this Plan.

     (b)  Limitations on Grant Accrual.

          (i) No  Participant  shall be entitled to participate in the Plan to a
     greater  extent than that  permitted  under Section  423(b)(3) of the Code.
     Thus,  no Employee may be granted an Option if such  Employee,  immediately
     after the Option is granted,  owns stock possessing five percent or more of
     the total  combined  voting  power or value of all  classes of stock of the
     Company or of its parent or any Subsidiary (if applicable). For purposes of
     this  Subsection,  the rules of Section  424(d) of the Code shall  apply in
     determining  the stock  ownership  of an  individual,  and stock  which the
     Employee may purchase under all outstanding  stock options shall be treated
     as stock owned by the Employee.

          (ii) No Participant  shall be entitled to participate in the Plan to a
     greater  extent than that  permitted  under Section  423(b)(8) of the Code.
     Thus,  no  Employee  may be granted an Option  which  permits his rights to
     purchase  stock  under all such  "employee  stock  ownership  plans" of the
     Company  and its  parent or any  Subsidiary  (if  applicable)  intended  to
     qualify  under  Section  423 of the Code to accrue at a rate which  exceeds
     $25,000 of fair  market  value of such stock  (determined  at the time such
     Option  is  granted)  for  each  calendar  year in  which  such  Option  is
     outstanding at any time. For purposes of this Subsection,  (1) the right to
     purchase  Common  Stock  under an Option  accrues  when the  Option (or any
     portion  thereof) first becomes  exercisable  during the calendar year; (2)
     the right to  purchase  Common  Stock  under an Option  accrues at the rate
     provided in the Option, but in no case may such rate exceed $25,000 of fair
     market value of such stock  (determined at the time such Option is granted)
     for any one  calendar  year;  and (3) a right to  purchase  stock which has
     accrued  under one Option  granted  pursuant to the Plan may not be carried
     over to any other Option.

     (c) Other Limits on Eligibility. Notwithstanding Subsection (a), above, the
following  Employees  will not be  eligible to  participate  in the Plan for any
relevant Purchase Period:  (i) any Employee who has been employed for fewer than
ninety (90) days on the applicable  Enrollment Date; (ii) any Employee who works
for the Company less than 20 hours per week;  (iii) any Employee whose customary
employment  with the  Company is for not more than five  months in any  calendar
year; or (iv) any highly  compensated  Employee as defined in Section  414(q) of
the Code who is an officer  as  defined by the bylaws of the  Company or a Board
resolution pertaining thereto and who has Compensation in excess of $130,000 for
the calendar  year  immediately  preceding  the year in which a Purchase  Period
occurs (or any part thereof);

     (d) Exclusion for Hardship Withdrawals. If an Employee receives a "hardship
withdrawal" from a cash or deferred arrangement established by the Company under
Section 401(k) of the Code, he or she will not be eligible to participate in the
Plan for a period of 6 months after receipt of a hardship distribution.

     4. Purchase Periods.

     (a) The Plan will be implemented through consecutive Purchase Periods until
such time as (i) the  maximum  number of shares of Common  Stock  available  for
issuance  under  the  Plan  have  been  purchased  or (ii)  the  Plan is  sooner
terminated  in  accordance  with  Section 19 hereof.  The maximum  duration of a
Purchase Period is six (6) months.

     (b) A  Participant  will be  granted a separate  Option  for each  Purchase
Period  in  which  he/she  participates.  The  Option  shall be  granted  on the
Enrollment Date and automatically exercised on the Exercise Date in the Purchase
Period.

     (c) Except as specifically provided herein, the acquisition of Common Stock
through participation in the Plan for any Purchase Period will neither limit nor
require the  acquisition  of Common  Stock by a  Participant  in any  subsequent
Purchase Period.

     5. Participation.

     (a) An eligible Employee may become a Participant in the Plan by completing
a Subscription  Agreement  authorizing payroll deductions and filing it with the
designated  payroll  office of the Company at least ten (10) business days prior
to the Enrollment Date for the Purchase Period in which such  participation will
commence,  unless a later time for filing the  Subscription  Agreement is set by
the Plan  Administrator  for all  eligible  Employees  with  respect  to a given
Purchase Period.

     (b) Payroll  deductions  for a  Participant  shall  commence with the first
partial or full payroll period beginning on the Enrollment Date and shall end on
the last day of the last complete  payroll  period  during the Purchase  Period,
unless sooner terminated by the Participant as provided in Section 10.

     (c) All Employees  granted Options hereunder shall have the same rights and
privileges  provided  that the amount of Common  Stock which may be purchased by
any Employee under Options may bear a uniform  relationship  to  Compensation as
described in Section 6 below.

     6. Payroll Deductions.

     (a) At the time a Participant  files his/her  Subscription  Agreement,  the
Participant  shall elect to have  payroll  deductions  made during the  Purchase
Period in amounts  between one percent (1%) and not  exceeding ten percent (10%)
of the Compensation which the Participant receives during the Purchase Period.

     (b) All  payroll  deductions  made for a  Participant  shall be credited to
his/her  Account  under  the Plan and  withheld  in whole  percentages  only.  A
Participant may not make any additional payments into such Account.

     (c) A Participant may discontinue  participation in the Plan as provided in
Section  10, or may  decrease  the rate of payroll  deductions  on one  occasion
during the  Purchase  Period by  completing  and filing  with the  Company a new
Subscription Agreement authorizing a decrease in the payroll deduction rate. The
decrease  in rate  shall  be  effective  with  the  first  full  payroll  period
commencing  ten (10)  business  days  after  the  Company's  receipt  of the new
Subscription  Agreement  unless the Company  elects to process more  quickly.  A
Participant  may increase the rate of payroll  deductions for a future  Purchase
Period by filing with the Company a new  Subscription  Agreement  authorizing an
increase in the payroll  deduction  rate at least ten (10)  business days before
the commencement of the upcoming Purchase Period. A Participant may not increase
the rate of his/her  payroll  deductions  for an  existing  Purchase  Period.  A
Participant's  Subscription  Agreement  shall  remain in effect  for  successive
Purchase  Periods  unless  terminated  as  provided  in  Section  10.  The  Plan
Administrator  may limit the number of payroll deduction rate changes during any
Purchase Period.

     (d) Notwithstanding  the foregoing,  to the extent necessary to comply with
Section  423(b)(8) of the Code and Section 3(b) herein, a Participant's  payroll
deductions  may be decreased  to zero  percent  (0%) during any Purchase  Period
which is  scheduled  to end  during  the  current  calendar  year (the  "Current
Purchase  Period").  Payroll deductions shall recommence at the rate provided in
such Participant's Subscription Agreement at the beginning of the first Purchase
Period  which  is  scheduled  to end  in the  following  calendar  year,  unless
terminated by the Participant as provided in Section 10.

     7. Grant of Option.  On the Enrollment Date of each Purchase  Period,  each
Participant  shall be granted an Option to purchase on the Exercise Date of such
Purchase  Period (at the applicable  Purchase Price) up to a number of shares of
the Common Stock determined by dividing such  Participant's  payroll  deductions
accumulated  prior to such  Exercise  Date  and  retained  in the  Participant's
Account as of the Exercise Date by the applicable  Purchase Price;  provided (i)
that such  purchase  shall be subject to the  limitations  set forth in Sections
3(b) and 12 hereof,  and (ii) the maximum  number of shares of Common Stock that
may be purchased  by a  Participant  in any  Purchase  Period is limited to Five
Hundred  (500)  shares,  subject to adjustment as provided in Section 18 hereof.
Exercise of the Option  will occur as provided in Section 8, and the Option,  to
the extent not exercised, shall expire on the last day of the Purchase Period.

     8. Exercise of Option. A Participant's Option for the purchase of shares of
Common Stock will be deemed  exercised  automatically  on each Exercise Date and
the maximum  number of whole shares of Common Stock  subject to the Option shall
be purchased for such  Participant  at the  applicable  Purchase  Price with the
accumulated payroll deductions in his/her Account.  Fractional shares may not be
purchased.  Any  amount  remaining  in a  Participant's  Account  following  the
purchase of shares on the Exercise Date shall be held in each such Participant's
Account  for the  purchase  of shares of Common  Stock  under the next  Purchase
Period,  unless such  Participant  withdraws from  participation  in the Plan as
provided  in  Section  10  hereof  or is  not  eligible  to  participate  in any
subsequent  Purchase  Period,  in which case such  amount  shall be  distributed
without   interest  to  the  Participant   after  the  Exercise  Date  occurring
immediately  after  such  withdrawal.   During  a  Participant's   lifetime,   a
Participant's Option to purchase shares of Common Stock hereunder is exercisable
only by him/her. In the case of the Participant's  death, a Participant's Option
may be exercised by the Participant's Beneficiary.

     9. Delivery.  As soon as practicable  following receipt of a request from a
Participant  after an Exercise  Date,  the Company shall  evidence the shares of
Common Stock  purchased by either a  book-entry  registration  or by issuing and
delivery a certificate,  registered in the Participant's name, for the number of
shares of Common Stock purchased.

     10. Withdrawal; Termination of Employment.

     (a) A  Participant  (or his or her  Beneficiary  in the case of death)  may
withdraw  all but not less than all the payroll  deductions  credited to his/her
Account and not yet used to exercise  his/her  Option under the Plan at any time
by giving  written  notice to the Company in the form of Exhibit B to this Plan.
All of the Participant's  payroll deductions credited to his/her Account will be
paid to such  Participant as promptly as practicable  after receipt of notice of
withdrawal,   such  Participant's   Option  for  the  Purchase  Period  will  be
automatically terminated,  and no further payroll deductions for the purchase of
shares will be made during the Purchase Period. If a Participant  withdraws from
a Purchase  Period,  payroll  deductions will not resume at the beginning of the
succeeding Purchase Period unless the Participant  delivers to the Company a new
Subscription Agreement for such Purchase Period.

     (b) Upon a  Participant's  ceasing to be an Employee for any reason or upon
termination of a Participant's employment  relationship,  the payroll deductions
credited to such  Participant's  Account during the Purchase  Period but not yet
used to exercise the Option will be returned to such Participant or, in the case
of his/her death,  to the person or persons  entitled  thereto under Section 14,
and such Participant's Option will be automatically terminated.

     11. Interest.  The payroll deductions  credited to a Participant's  Account
under the Plan will not accrue interest.

     12. Common Stock.

     (a) The  maximum  number  of  shares of Common  Stock  made  available  for
purchase  under the Plan shall be one  million  (1,000,000)  shares,  subject to
adjustment  as provided in Section 18. If on any  Exercise  Date,  the number of
shares of Common Stock with respect to which Options are to be exercised exceeds
the number of shares of Common  Stock then  available  under the Plan,  the Plan
Administrator  shall make an  allocation of the shares  remaining  available for
purchase  in as  uniform  a manner as  practicable  and as it  determines  to be
equitable.

     (b) A Participant will have no interest or voting right in shares of Common
Stock covered by his/her Option until such shares are actually  purchased on the
Participant's  behalf in accordance with the applicable  provisions of the Plan.
No adjustment  shall be made for  dividends,  distributions  or other rights for
which the record date is prior to the date of such purchase.

     (c)  Shares  to be  delivered  to a  Participant  under  the  Plan  will be
registered in the name of the  Participant  (or his or her  beneficiary,  in the
case of death).

     13.  Administration.  The Plan  shall  be  administered  by the  Board or a
designee of the Board appointed by the Board which for the purposes of this Plan
shall be the Plan  Administrator.  The Board or its designee shall have full and
exclusive discretionary authority to construe,  interpret and apply the terms of
the Plan, to determine  eligibility  and to adjudicate all disputed claims filed
under the Plan. Every finding,  decision and determination  made by the Board or
its designee  shall,  to the full extent  permitted by law, be final and binding
upon all persons.

     14. Designation of Beneficiary.

     (a) Each  Participant  must file a written  designation of each Beneficiary
who is to  receive  any  shares of  Common  Stock  and  cash,  if any,  from the
Participant's  Account under the Plan in the event of such Participant's  death.
If a Participant  is married and the  designated  Beneficiary is not the spouse,
spousal consent shall be required for such designation to be effective.

     (b) Such  designation of Beneficiary may be changed by the Participant (and
his/her spouse, if any) at any time by written notice. In the event of the death
of a Participant and in the absence of a Beneficiary  validly  designated  under
the Plan who is  living at the time of such  Participant's  death,  the  Company
shall  deliver  such  shares of Common  Stock  and/or  cash to the  executor  or
administrator of the estate of the Participant.

     15. Transferability. Payroll deductions credited to a Participant's Account
and any rights  with regard to the  exercise  of an Option or to receive  shares
under the Plan may not be assigned,  transferred,  pledged or otherwise disposed
of in any way (other than by will,  the laws of descent and  distribution  or as
provided  in  Section  14  hereof)  by the  Participant.  Any  such  attempt  at
assignment, transfer, pledge or other disposition shall be void, except that the
Plan  Administrator  may treat such act as an election to withdraw  funds from a
Purchase Period in accordance with Section 10.

     16. Use of Funds.  All payroll  deductions  received or held by the Company
under the Plan may be used by the Company  for any  corporate  purpose,  and the
Company shall not be obligated to segregate such payroll deductions.

     17. Reports. Individual Accounts will be maintained for each Participant in
the Plan. Statements of account will be given to Participants at least annually.
Statements  of account  will set forth the  amounts of payroll  deductions,  the
Purchase Price, the number of shares of Common Stock purchased and the remaining
cash balance, if any.

     18.  Adjustments  Upon  Changes in  Capitalization.  The  Reserves  and the
Purchase  Price with respect to unexercised  Options,  shall be adjusted to give
effect to any increase or decrease in the number of outstanding shares of Common
Stock  resulting  from a stock  split,  reverse  stock  split,  stock  dividend,
combination or  reclassification of the Common Stock, or any other similar event
resulting  in an increase  or decrease in the number of issued  shares of Common
Stock. Such adjustment shall be made by the Board,  whose  determination in that
respect shall be final,  binding and  conclusive.  Except as expressly  provided
herein,  no issue by the Company of shares of stock of any class,  or securities
convertible into shares of stock of any class,  shall affect,  and no adjustment
by reason  thereof  shall be made with respect to, the number or price of shares
of Common Stock  subject to an Option or the  Reserves.  The Board may, if it so
determines in the exercise of its sole discretion,  make provision for adjusting
the Reserves,  as well as the Purchase  Price,  in the event the Company effects
one or  more  reorganizations,  recapitalizations,  rights  offerings  or  other
increases or reductions of shares of its outstanding Common Stock.

     19. Amendment or Termination.

     (a) The Board  may at any time and for any  reason  terminate  or amend the
Plan except that without the approval of the  stockholders,  no amendment  shall
(i) increase the maximum  number of shares under the Plan other than as provided
in Section 18, (ii) make the Plan available to persons  currently  ineligible to
participate  or (iii) be made if not  permitted  by  Sections  421 or 423 of the
Code. A Purchase  Period may be  terminated by the Board on any Exercise Date if
the Board  determines that the termination of the Purchase Period is in the best
interests of the Company and its  stockholders.  No amendment or termination may
make any change in any Option  theretofore  granted which adversely  affects the
rights of any  Participant  except as  otherwise  provided in this Section 19 or
Section 18.

     (b)  Without   stockholder  consent  and  without  regard  to  whether  any
Participant rights may be considered to have been "adversely affected," the Plan
Administrator  shall be  entitled  to  limit  the  frequency  and/or  number  of
reductions in the amount  withheld  during any Purchase  Period,  permit payroll
withholding  in excess of the amount  designated  by a  Participant  in order to
adjust for delays or mistakes in the Company's  processing of properly completed
withholding  elections,  establish  reasonable  waiting and  adjustment  periods
and/or accounting and crediting procedures to ensure that amounts applied toward
the  purchase of Common  Stock for each  Participant  properly  correspond  with
amounts withheld from the Participant's  Compensation,  and establish such other
limitations  or  procedures  as the Plan  Administrator  determines  in its sole
discretion advisable and which are consistent with the Plan.

     20. Notices.  All notices or other  communications  by a Participant to the
Company under or in  connection  with the Plan shall be deemed to have been duly
given when  received  in the form  specified  by the Plan  Administrator  at the
location, or by the person, designated by the Plan Administrator for the receipt
thereof.

     21. Conditions Upon Issuance of Shares. Shares of Common Stock shall not be
issued  with  respect to an Option  unless the  exercise  of such Option and the
issuance and delivery of such shares of Common Stock pursuant  thereto  complies
with all  applicable  provisions  of law,  including,  without  limitation,  the
Securities Act of 1933, as amended,  the Exchange Act, the rules and regulations
promulgated  thereunder,  and the  requirements of any stock exchange upon which
the shares of Common Stock may then be listed,  and shall be further  subject to
the approval of counsel for the Company with  respect to such  compliance.  As a
condition to the exercise of an Option,  the Company may require the Participant
to  represent  and warrant at the time of any such  exercise  that the shares of
Common Stock are being  purchased  only for  investment  and without any present
intention to sell or  distribute  such shares of Common Stock if, in the opinion
of counsel  for the  Company,  such a  representation  is required by any of the
aforementioned  applicable  provisions of law. In addition,  no Options shall be
exercised or shares of Common Stock  issued  hereunder  before the Plan has been
approved by stockholders of the Company as provided in Section 23.

     22. Term of Plan. The Plan shall become effective upon the earlier to occur
of its adoption by the Board or its approval by the stockholders of the Company.
It  shall  continue  in  effect  for a term  of ten  (10)  years  unless  sooner
terminated under Section 19.

     23.  Stockholder  Approval.  Continuance  of the Plan  shall be  subject to
approval by the  stockholders of the Company within twelve (12) months before or
after the date the Plan is adopted. If such stockholder  approval is obtained at
a duly held stockholders'  meeting,  the Plan must be approved by the holders of
outstanding  capital stock of the Company  representing  a majority of the votes
cast at such stockholders'  meeting at which a quorum representing a majority of
all  outstanding  voting stock of the Company is,  either in person or by proxy,
present  and voting on the Plan.  If such  stockholder  approval  is obtained by
written  consent,  it must be obtained by the written  consent of the holders of
outstanding  capital stock of the Company  representing  a majority of the total
combined voting power of all outstanding  voting stock of the Company.  However,
approval at a meeting or by written  consent may be obtained by a lesser  degree
of stockholder approval if the Plan Administrator determines, after consultation
with the  Company's  legal  counsel,  that such a lesser  degree of  stockholder
approval will comply with all applicable laws and will not adversely  affect the
qualification of the Plan under Section 423 of the Code.

     24. No Employment Rights. The Plan does not, directly or indirectly, create
any right  with  respect  to  continuation  of  employment  by the  Company or a
Designated Parent or Subsidiary,  and it shall not be deemed to interfere in any
way with such employer's right to terminate,  or otherwise modify, an employee's
employment at any time.

     25. Effect of Plan.  The provisions of the Plan shall,  in accordance  with
its terms,  be binding upon, and inure to the benefit of, all successors of each
Participant,  including,  without limitation,  such Participant's estate and the
executors,  administrators  or trustees  thereof,  heirs and  legatees,  and any
receiver,   trustee  in  bankruptcy  or  representative  of  creditors  of  such
Participant.

     26. Applicable Law. The laws of the State of Oklahoma  (excluding that body
of law  pertaining to its conflicts of law) will govern all matters  relating to
this  Plan  except  to the  extent it is  superseded  by the laws of the  United
States.

<PAGE>
                                    EXHIBIT A

                        DOBSON COMMUNICATIONS CORPORATION

                        2002 EMPLOYEE STOCK PURCHASE PLAN
                             SUBSCRIPTION AGREEMENT

___    Original Application                       Enrollment Date:_____________
___    Change in Payroll Deduction Rate
___    Change of Beneficiary(ies)

     1. I,  ___________________________________,  hereby elect to participate in
the Dobson  Communications  Corporation  2002 Employee  Stock Purchase Plan (the
"Plan")  and  subscribe  to purchase  shares of the  Company's  Common  Stock in
accordance with this Subscription Agreement and the Plan. Capitalized terms used
in this  Subscription  Agreement shall have the same meaning as used in the Plan
unless stated to the contrary.

     2.  I  hereby  authorize  payroll  deductions  in  the  amount  of % of  my
Compensation  from each paycheck during the Purchase  Period.  I understand that
this  amount  must not be less  than  one  percent  (1 %) and not more  than ten
percent  (10%)  of my  Compensation  during  the  Purchase  Period  and  that no
fractional percentages are permitted. I further understand that:

          (a) all payroll  deductions made by me shall be credited to my Account
     under the Plan;

          (b) all payroll  deductions shall be made on an "after-tax  basis" and
     will be subject to all applicable income and employment taxes;

          (c) I may not make additional payments into such Account;

          (d) all payroll  deductions  will be  accumulated  for the purchase of
     Common Stock at the applicable Purchase Price determined in accordance with
     the Plan;

          (e) no  interest  will be  credited on funds held in my Account at any
     time for any reason;

          (f) I may discontinue my  participation  in the Plan at any time prior
     to an Exercise Date as provided in Section 10 of the Plan,  but if I (or my
     Beneficiary  in the case of  death)  do not  withdraw  from the  Plan,  any
     accumulated  payroll  deductions  will be used  to  automatically  purchase
     Common Stock;

          (g) I  may  decrease  the  rate  of my  payroll  deductions  in  whole
     percentage  increments  to not less than zero  percent (0%) on one occasion
     during any Purchase Period by filing a new Subscription Agreement with such
     decrease taking effect as of the beginning of the payroll period  following
     the date of filing of a new Subscription Agreement, filed at least ten (10)
     business days prior to the beginning of such payroll period;

          (h) I may not  increase the rate of my payroll  deductions  during any
     ongoing Purchase Period;

          (i) I may  increase or  decrease  the rate of payroll  deductions  for
     future Purchase  Periods by filing a new Subscription  Agreement,  and that
     change will be effective as of the beginning of the next  Purchase  Period;
     and

          (j) unless I discontinue my  participation  in the Plan as provided in
     Section 10 of the Plan, my election for payroll deductions will continue to
     be effective for each successive Purchase Period.

     3.  I  have  received  a  copy  of  the  complete  "Dobson   Communications
Corporation   2002  Employee  Stock  Purchase   Plan."  I  understand   that  my
participation in the Plan is in all respects subject to the terms of the Plan.

     4.  Until I request  delivery  of  certificates,  shares  of  Common  Stock
purchased for me under the Plan shall be owned by me  beneficially  and shall be
held in street name of the nominee of the third party administrator  selected by
the Plan  Administrator  to administer the Plan records or in such other nominee
name as shall be designated  from time to time by the Plan  Administrator.  Upon
delivery, shares will be issued in the name of name of the Employee only.

     5. I hereby agree to notify the Company in writing  within thirty (30) days
after the date of any  disposition of any shares  received by me pursuant to the
Employee Stock Purchase Plan within two (2) years after the Enrollment Date (the
first day of the Purchase Period during which I purchased such shares) or within
one (1) year after the  Exercise  Date (the date I  purchased  such  shares).  I
further agree that I will make adequate provision for federal, state, foreign or
other tax  withholding  obligations,  if any which arise upon the disposition of
the Common Stock.

     6. I hereby agree to be bound by the terms of the Plan.  The  effectiveness
of this  Subscription  Agreement is dependent upon my eligibility to participate
in the Plan.

     7. In the  event  of my  death,  I hereby  designate  the  following  as my
beneficiary(ies)  to receive all  payments and shares of Common Stock held in my
Account under the Plan.

Name: (Please print)
                         ------------------------------------------------------
                         ------------------------------------------------------
                         (First)            (Middle)            (Last)

Relationship:
                         ------------------------------------------------------
                         ------------------------------------------------------

Address:
                         ------------------------------------------------------
                         ------------------------------------------------------

                         ------------------------------------------------------
                         ------------------------------------------------------

                         ------------------------------------------------------
                         ------------------------------------------------------

Employee's Social
Security Number:
                         ------------------------------------------------------
                         ------------------------------------------------------

Employee's Home Address:
                         ------------------------------------------------------
                         ------------------------------------------------------

                         ------------------------------------------------------
                         ------------------------------------------------------

I UNDERSTAND THAT THIS SUBSCRIPTION  AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT
SUCCESSIVE PURCHASE PERIODS UNLESS TERMINATED BY ME.

Employee's Signature:
                         ------------------------------------------------------
                         ------------------------------------------------------

Dated:
                         ------------------------------------------------------
                         ------------------------------------------------------

Signature of spouse if
Beneficiary is other
than spouse:
                         ------------------------------------------------------
                         ------------------------------------------------------

Dated:
                         ------------------------------------------------------

<PAGE>
                                    EXHIBIT B

                        DOBSON COMMUNICATIONS CORPORATION

                        2002 EMPLOYEE STOCK PURCHASE PLAN
                             SUBSCRIPTION AGREEMENT
                              NOTICE OF WITHDRAWAL

     The   undersigned   Participant  in  the  Purchase  Period  of  the  Dobson
Communications  Corporation  2002  Employee  Stock  Purchase Plan which began on
__________,  20__,  hereby notifies the Company that he or she hereby  withdraws
from the  Purchase  Period.  He or she hereby  directs the Company to pay to the
undersigned as promptly as practicable  all the payroll  deductions  credited to
his/her  Account  with  respect  to  such  Purchase   Period.   The  undersigned
understands  and agrees that  his/her  Option for such  Purchase  Period will be
automatically  terminated.  The undersigned  understands further that no further
payroll  deductions  will be made for the  purchase  of  shares  in the  current
Purchase  Period  and the  undersigned  shall  be  eligible  to  participate  in
succeeding Purchase Periods only by delivering to the Company a new Subscription
Agreement.

Name and Address
of Participant:

Signature:

Date:DOBSON COMMUNICATIONS CORPORATION

                            2002 STOCK INCENTIVE PLAN

                                 ---------------

<PAGE>
                                    ARTICLE I

                                     PURPOSE

     SECTION 1.01 Purpose.  This Stock  Incentive  Plan is established by Dobson
Communications  Corporation  (the  "Company")  to  create  incentives  which are
designed to motivate Participants to put forth maximum effort toward the success
and  growth of the  Company  and to enable the  Company  to  attract  and retain
experienced individuals who by their position, ability and diligence are able to
make important  contributions to the Company's success. Toward these objectives,
the Plan  provides for the granting of Awards to  Participants  on the terms and
subject to the conditions set forth in the Plan.

     SECTION 1.02 Establishment.  The Plan is effective as of April 19, 2002 and
for a period of 10 years from such date.  The Plan will  terminate  on April 18,
2012,  however,  it will  continue in effect  until all matters  relating to the
payment of Awards and administration of the Plan have been settled.

     SECTION 1.03 Shares Subject to the Plan. Subject to Articles IV and VIII of
this Plan, Awards may be made under this Plan for a total of 7,000,000 shares of
Common Stock. A maximum of 500,000 shares of the Class A Common Stock subject to
the Plan may be granted as Restricted Stock Awards (the "Restricted  Stock Award
Limit").

     SECTION  1.04  Shareholder  Approval.  The Plan  shall be  approved  by the
holders of shares of the  Company's  outstanding  common  stock  representing  a
majority of the total combined voting power of the Company's  outstanding shares
of common  stock  entitled to vote for the election of directors of the Company,
present,  or  represented,  and  entitled  to vote at a meeting  called for such
purposes, which approval must occur within the period ending twelve months after
the date  the  Plan is  adopted  by the  Board.  Pending  such  approval  by the
shareholders,  Awards under the Plan may be granted to Participants, but no such
Awards may be exercised or paid prior to receipt of shareholder approval. In the
event shareholder  approval is not obtained within such twelve-month period, all
such Awards shall be void.

                                   ARTICLE II

                                   DEFINITIONS

     SECTION 2.01 "Affiliated Entity" means any partnership or limited liability
company,  a majority of the  partnership  or other similar  interest  thereof is
owned or controlled,  directly or  indirectly,  by the Company or one or more of
its Subsidiaries or Affiliated Entities or a combination  thereof.  For purposes
hereof,  the Company,  a Subsidiary or an  Affiliated  Entity shall be deemed to
have a majority ownership interest in a partnership or limited liability company
if the  Company,  such  Subsidiary  or  Affiliated  Entity  shall be allocated a
majority of partnership or limited liability company gains or losses or shall be
or control a managing  director  or a general  partner  of such  partnership  or
limited liability company.

     SECTION 2.02 "Award" means,  individually  or  collectively,  any Option or
Restricted  Stock Award granted under the Plan to a Participant by the Committee
pursuant to such terms, conditions, restrictions, and/or limitations, if any, as
the Committee may establish by the Award Agreement or otherwise.

     SECTION  2.03  "Award   Agreement"   means  any  written   instrument  that
establishes the terms, conditions,  restrictions,  and/or limitations applicable
to an Award in addition to those established by this Plan and by the Committee's
exercise of its administrative powers.

     SECTION 2.04 "Board" means the Board of Directors of the Company.

     SECTION 2.05  "Change of Control"  and "Change of Control  Events" mean the
occurrence of one of the events designated in Section X.

     SECTION 2.06 "Code" means the  Internal  Revenue Code of 1986,  as amended.
Reference  to any Section of the Code shall be deemed to include any  amendments
or successor provisions to such Section and any regulations under such Section.

     SECTION 2.07 "Committee" means the Compensation  Committee of the Board, or
such other committee designated by the Board,  authorized to administer the Plan
under Article III hereof consisting of not less than two members of the Board.

     SECTION  2.08  "Common  Stock"  means the Class A Common  Stock,  par value
$0.001 per share, of the Company,  and after  substitution,  such other stock as
shall be substituted therefor as provided in Article VIII.

     SECTION  2.09 "Date of Grant"  means the date on which the  granting  of an
Award is  authorized  by the Committee or such later date as may be specified by
the Committee in such authorization.

     SECTION  2.10  "Disability"  shall  have the  meaning  set forth in Section
22(e)(3) of the Code.

     SECTION 2.11 "Director" means any person who is a member of the Board.

     SECTION 2.12  "Eligible  Employee"  means any  employee of the  Company,  a
Subsidiary or an Affiliated Entity.

     SECTION 2.13 "Exchange  Act" means the Securities  Exchange Act of 1934, as
amended.

     SECTION 2.14 "Fair Market  Value" means if, at the time an Award is granted
under the Plan,  the  Company's  Common Stock is publicly  traded,  "fair market
value" shall be  determined  as of the last business day for which the prices or
quotes  discussed in this sentence are available prior to the date such Award is
granted and shall mean (i) the average (on that date) of the high and low prices
of the Common Stock on the principal national  securities  exchange on which the
Common  Stock is  traded,  if the  Common  Stock is then  traded  on a  national
securities exchange;  or (ii) the last reported sale price (on that date) of the
Common  Stock on the NASDAQ  National  Market,  if the Common  Stock is not then
traded on a national  securities  exchange;  or (iii) the  closing bid price (or
average of bid prices)  last quoted (on that date) by an  established  quotation
service for over-the-counter  securities, if the Common Stock is not reported on
the NASDAQ  National  Market.  If the Common Stock is not publicly traded at the
time an Award is granted under the Plan, "fair market value" shall mean the fair
value of the Common  Stock as  determined  by the  Committee  after  taking into
consideration  all  factors  which  it  deems  appropriate,  including,  without
limitation,  recent  sale and  offer  prices  of the  Common  Stock  in  private
transactions negotiated at arm's length.

     SECTION 2.15 "Incentive Stock Option" means an Option within the meaning of
Section 422 of the Code.

     SECTION 2.16  "Nonqualified  Stock  Option" means an Option which is not an
Incentive Stock Option.

     SECTION 2.17 "Option" means an Award granted under Article VI of the Plan.

     SECTION 2.18  "Participant"  means a Director,  an Eligible  Employee or an
independent  contractor to whom an Award has been granted by the Committee under
the Plan.

     SECTION 2.19 "Plan" means this Dobson Communications Corporation 2002 Stock
Incentive Plan.

     SECTION 2.20 "Restricted Stock Award" means an Award granted to a Director,
Eligible Employee or an independent contractor under Article VII of the Plan.

     SECTION 2.21 "Subsidiary"  shall have the same meaning set forth in Section
424 of the Code.

                                   ARTICLE III

                                 ADMINISTRATION

     SECTION 3.01  Administration  by Committee.  The Committee shall administer
the Plan.  Unless  otherwise  provided  in the  by-laws  of the  Company  or the
resolutions  adopted from time to time by the Board  establishing the Committee,
the Board may from time to time  remove  members  from,  or add  members to, the
Committee.  Vacancies on the Committee,  however caused,  shall be filled by the
Board.  The  Committee  shall hold  meetings  at such times and places as it may
determine.  A majority of the Committee shall constitute a quorum,  and the acts
of a majority of the members present at any meeting at which a quorum is present
or acts  reduced to or  approved  in writing by a majority of the members of the
Committee shall be the valid acts of the Committee.

     Subject to the provisions of the Plan,  the Committee  shall have exclusive
power to:

          (a) Select the Participants to be granted Awards.

          (b) Determine the time or times when Awards will be made.

          (c)  Determine  the form of an Award,  whether an Option or Restricted
     Stock,  the number of shares of Common Stock subject to the Award,  all the
     terms, conditions (including performance requirements), restrictions and/or
     limitations,  if any, of an Award,  including  the time and  conditions  of
     exercise  or  vesting,  and the  terms of any  Award  Agreement,  which may
     include  the  waiver  or  amendment  of  prior  terms  and   conditions  or
     acceleration  or  early  vesting  or  payment  of an  Award  under  certain
     circumstances determined by the Committee.

          (d) Determine whether Awards will be granted singly or in combination.

          (e)  Accelerate  the  vesting,  exercise or payment of an Award or the
     performance  period of an Award when such action or actions would be in the
     best interest of the Company.

          (f) Take any and all other action it deems  necessary or advisable for
     the proper operation or administration of the Plan.

     SECTION 3.02  Committee to Make Rules and Interpret  Plan. The Committee in
its sole discretion  shall have the authority,  subject to the provisions of the
Plan, to establish,  adopt, or revise such rules and regulations and to make all
such  determinations  relating to the Plan as it may deem necessary or advisable
for the  administration of the Plan. The Committee's  interpretation of the Plan
or any Awards granted pursuant thereto and all decisions and  determinations  by
the Committee with respect to the Plan shall be final,  binding,  and conclusive
on all parties.

                                   ARTICLE IV

                                 GRANT OF AWARDS

     SECTION 4.01  Committee to Grant Awards.  The  Committee  may, from time to
time, grant Awards to one or more Participants, provided, however, that:

          (a) Subject to Article VIII, the aggregate  number of shares of Common
     Stock made subject to the Award of Options to any Participant in any fiscal
     year of the Company may not exceed 2,000,000.

          (b) Any shares of Common Stock  related to Awards  which  terminate by
     expiration,  forfeiture,  cancellation or otherwise without the issuance of
     shares of Common Stock shall be available again for grant under the Plan.

          (c) Awards to directors or officers of the  Company,  a Subsidiary  or
     Affiliated Entity must be approved and made by the Board to be effective.

          (d)  Common  Stock  delivered  by the  Company in payment of any Award
     under the Plan may be authorized and unissued  Common Stock or Common Stock
     held in the treasury of the Company.

          (e) The Committee shall, in its sole discretion,  determine the manner
     in which fractional shares arising under this Plan shall be treated.

          (f) Separate certificates representing Common Stock to be delivered to
     a  Participant  upon the  exercise  of any  Option  will be  issued to such
     Participant.

                                    ARTICLE V

                                   ELIGIBILITY

     Subject to the  provisions of the Plan, the Committee  shall,  from time to
time, select from the Eligible Employees,  Directors and independent contractors
to whom Awards shall be granted and shall  determine the type or types of Awards
to be made and shall  establish  in the  related  Award  Agreements  the  terms,
conditions, restrictions and/or limitations, if any, applicable to the Awards in
addition  to  those  set  forth in the Plan  and the  administrative  rules  and
regulations issued by the Committee.

                                   ARTICLE VI

                                  STOCK OPTIONS

     SECTION  6.01  Grant of  Options.  The  Committee  may,  from time to time,
subject to the  provisions of the Plan and such other terms and conditions as it
may  determine,  grant Options to  Participants.  These Options may be Incentive
Stock Options or  Nonqualified  Stock Options,  or a combination  of both.  Each
grant of an Option  shall be  evidenced  by an Award  Agreement  executed by the
Company and the Participant,  and shall contain such terms and conditions and be
in such form as the  Committee  may from time to time  approve,  subject  to the
requirements of Section 6.02.

     SECTION 6.02 Conditions of Options. Each Option so granted shall be subject
to the following conditions:

          (a) Exercise Price.  As limited by Section 6.02(e) below,  each Option
     shall state the exercise  price which shall be set by the  Committee at the
     Date of Grant;  provided,  however,  no Nonqualified  Stock Option shall be
     granted  at an  exercise  price  which is less than 75% of the Fair  Market
     Value of the Common Stock on the Date of Grant.

          (b) Means of Exercising Options. An Option (or any part of installment
     thereof)  shall be exercised by giving written notice to the Company at its
     principal  office  address,  or to such transfer agent as the Company shall
     designate.  Such notice  shall  identify  the Option  being  exercised  and
     specify  the number of shares as to which such  Option is being  exercised,
     accompanied by full payment of the purchase  price  therefor  either (a) in
     United  States  dollars in cash or by check,  (b) at the  discretion of the
     Committee,  through  delivery of shares of Common Stock that have been held
     by the  Participant  for at least six months,  having a fair  market  value
     equal as of the date of the  exercise  to the  cash  exercise  price of the
     Option but only to the extent such  exercise of an Option  would not result
     in an accounting compensation charge with respect to the shares used to pay
     the exercise price unless otherwise determined by the Committee, (c) at the
     discretion of the Committee and consistent with applicable law, through the
     delivery  of an  assignment  to the Company of a  sufficient  amount of the
     proceeds  from the sale of the Common Stock  acquired  upon exercise of the
     Option and an  authorization  to the  broker or  selling  agent to pay that
     amount to the Company,  which sale shall be at the participant's  direction
     at the time of exercise, or (d) at the discretion of the Committee,  by any
     combination  of (a),  (b) and (c) above.  If the  Committee  exercises  its
     discretion to permit payment of the exercise price of an Option by means of
     the methods set forth in clauses  (b), and (c) of the  preceding  sentence,
     such  discretion  shall be exercised in writing at the time of the grant of
     the Option in  question.  The holder of an Option shall not have the rights
     of a  shareholder  with respect to the shares  covered by such Option until
     the date of issuance of a stock certificate to such holder for such shares.
     Except as expressly  provided above in Article VIII with respect to changes
     in  capitalization  and stock  dividends,  no adjustment  shall be made for
     dividends  or similar  rights for which the record  date is before the date
     such stock certificate is issued.

          (c)  Exercise  of  Options.  Options  granted  under the Plan shall be
     exercisable,  in whole or in such installments and at such times, and shall
     expire at such time,  as shall be  provided by the  Committee  in the Award
     Agreement.  Exercise of an Option  shall be by written  notice  stating the
     election to exercise in the form and manner  determined  by the  Committee.
     Every share of Common  Stock  acquired  through  the  exercise of an Option
     shall be deemed to be fully paid at the time of exercise and payment of the
     exercise price.

          (d) Other Terms and  Conditions.  Among other  conditions  that may be
     imposed by the Committee, if deemed appropriate,  are those relating to (i)
     the period or periods and the conditions of  exercisability  of any Option;
     (ii) the minimum periods during which  Participants must be employed by the
     Company,  its  Subsidiaries or an Affiliated  Entity,  or must hold Options
     before they may be exercised; (iii) the minimum periods during which shares
     acquired  upon the exercise of Options must be held before sale or transfer
     shall be permitted;  (iv)  conditions  under which Options or shares may be
     subject to  forfeiture;  (v) the  frequency  of  exercise or the minimum or
     maximum  number of shares that may be acquired at any one time and (vi) the
     achievement by the Company of specified performance criteria.

          (e) Special Restrictions Relating to Incentive Stock Options.  Options
     issued in the form of  Incentive  Stock  Options  shall  only be granted to
     Eligible  Employees of the Company or a Subsidiary and shall not be granted
     to  Directors  who are not also  Eligible  Employees  of the  Company  or a
     Subsidiary and shall, in addition to being subject to all applicable terms,
     conditions,  restrictions and/or limitations  established by the Committee,
     comply with the  requirements  of Section 422 of the Code (or any successor
     Section thereto),  including,  without limitation, the requirement that the
     exercise  price of an  Incentive  Stock Option not be less than 100% of the
     Fair Market Value of the Common Stock on the Date of Grant, the requirement
     that each Incentive Stock Option,  unless sooner  exercised,  terminated or
     cancelled,  expire no later than 10 years  from its Date of Grant,  and the
     requirement that the aggregate Fair Market Value (determined on the Date of
     Grant) of the Common Stock with respect to which  Incentive  Stock  Options
     are  exercisable  for the first time by a  Participant  during any calendar
     year (under this Plan or any other plan of the  Company,  its parent or any
     Subsidiary)  not exceed  $100,000.  Incentive  Stock Options,  which are in
     excess  of  the  applicable  $100,000  limitation,  will  be  automatically
     recharacterized  as  Nonqualified  Stock Options as provided  under Section
     6.03 of this  Plan.  No  Incentive  Stock  Options  shall be granted to any
     Eligible  Employee if,  immediately  before the grant of an Incentive Stock
     Option,  such Eligible  Employee  owns more than 10% of the total  combined
     voting power of all classes of stock of the Company or its Subsidiaries (as
     determined  in accordance  with the stock  attribution  rules  contained in
     Sections  422 and 424(d) of the Code).  Provided,  the  preceding  sentence
     shall not apply if, at the time the Incentive Stock Option is granted,  the
     exercise  price is at least  110% of the Fair  Market  Value of the  Common
     Stock  subject to the  Incentive  Stock Option,  and such  Incentive  Stock
     Option by its terms is  exercisable  no more than five  years from the date
     such Incentive Stock Option is granted.

          (f)  Shareholder  Rights.  No  Participant  shall  have a  right  as a
     shareholder  with respect to any share of Common Stock subject to an Option
     prior to purchase of such shares of Common Stock by exercise of the Option.

     SECTION  6.03  Options Not  Qualifying  as Incentive  Stock  Options.  With
respect  to all or any  portion  of any  Option  granted  under  this  Plan  not
qualifying  as an "incentive  stock option" under Section 422 of the Code,  such
Option shall be considered  as a  Nonqualified  Stock Option  granted under this
Plan  for all  purposes.  This  Plan and any  Incentive  Stock  Options  granted
hereunder  shall be deemed to have  incorporated by reference all the provisions
and requirements of Section 422 of the Code (and the Treasury Regulations issued
thereunder)  which are  required to provide  that all  Incentive  Stock  Options
granted hereunder shall be "incentive stock options" described in Section 422 of
the Code.  Further,  in the event  that the  Committee  grants  Incentive  Stock
Options under this Plan to a Participant,  and, in the event that the applicable
limitation contained in Section 6.02(e) herein is exceeded, then, such Incentive
Stock  Options in excess of such  limitation  shall be  treated as  Nonqualified
Stock  Options  under  this Plan  subject  to the terms  and  provisions  of the
applicable   Award   Agreement,   except  to  the  extent  modified  to  reflect
recharacterization of the Incentive Stock Options as Nonqualified Stock Options.

                                   ARTICLE VII

                             RESTRICTED STOCK AWARD

     SECTION 7.01 Grant of Restricted Stock Awards. The Committee may, from time
to  time,  subject  to the  provisions  of the Plan and  such  other  terms  and
conditions  as  it  may  determine,  grant  a  Restricted  Stock  Award  to  any
Participant. Restricted Stock Awards shall be awarded in such number and at such
times  during  the  term of the  Plan as the  Committee  shall  determine.  Each
Restricted  Stock Award may be evidenced in such manner as the  Committee  deems
appropriate,   including,  without  limitation,  a  book-entry  registration  or
issuance  of a stock  certificate  or  certificates,  and by an Award  Agreement
setting forth the terms of such Restricted Stock Award.

     SECTION  7.02  Conditions  of  Restricted  Stock  Awards.  The  grant  of a
Restricted Stock Award shall be subject to the following:

          (a)  Restriction   Period.  In  addition  to  any  vesting  conditions
     determined by the Committee,  including, but not by way of limitation,  the
     achievement by the Company of specified  performance  criteria,  vesting of
     each  Restricted  Stock  Award  shall  require  the holder to remain in the
     employment  of the Company,  a Subsidiary,  or an  Affiliated  Entity for a
     prescribed period (a "Restriction  Period").  The Committee shall determine
     the Restriction Period or Periods which shall apply to the shares of Common
     Stock covered by each Restricted Stock Award or portion thereof;  provided,
     however,  each  Restricted  Stock  Award  shall have a minimum  Restriction
     Period of at least one year. At the end of the Restriction Period, assuming
     the fulfillment of any other specified vesting conditions, the restrictions
     imposed by the  Committee  shall lapse with respect to the shares of Common
     Stock covered by the Restricted Stock Award or portion thereof. In addition
     to acceleration of vesting upon the occurrence of a Change of Control Event
     as provided in Article X, the Committee may, in its sole discretion, modify
     or  accelerate  the vesting of a Restricted  Stock Award in the case of the
     death or disability of the Participant.

          (b) Restrictions. The holder of a Restricted Stock Award may not sell,
     transfer, pledge, exchange, hypothecate, or otherwise dispose of the shares
     of Common  Stock  represented  by the  Restricted  Stock  Award  during the
     applicable  Restriction  Period.  The  Committee  shall  impose  such other
     restrictions  and  conditions  on any shares of Common  Stock  covered by a
     Restricted  Stock  Award  as  it  may  deem  advisable  including,  without
     limitation, restrictions under applicable Federal or state securities laws,
     and may  legend  the  certificates  representing  Restricted  Stock to give
     appropriate notice of such restrictions.

          (c)  Rights  as  Shareholders.  During  any  Restriction  Period,  the
     Committee may, in its discretion, grant to the holder of a Restricted Stock
     Award all or any of the rights of a shareholder with respect to the shares,
     including, but not by way of limitation,  the right to vote such shares and
     to receive dividends.  If any dividends or other  distributions are paid in
     shares  of Common  Stock,  all such  shares  shall be  subject  to the same
     restrictions  on  transferability  as the shares of  Restricted  Stock with
     respect to which they were paid.

                                  ARTICLE VIII

                                STOCK ADJUSTMENTS

     In the event that the shares of Common  Stock,  as  presently  constituted,
shall be changed into or exchanged  for a different  number or kind of shares of
stock or other securities of the Company or of another  corporation  (whether by
reason  of  merger,  consolidation,  recapitalization,  reclassification,  stock
split,  combination of shares or otherwise),  or if the number of such shares of
Common Stock shall be increased  through the payment of a stock  dividend,  or a
dividend  on the  shares of  Common  Stock or rights  or  warrants  to  purchase
securities of the Company shall be made,  then there shall be substituted for or
added to each  share  available  under and  subject to the Plan as  provided  in
Section 1.03  hereof,  and each share  theretofore  appropriated  or  thereafter
subject or which may become  subject to Options  under the Plan,  the number and
kind of shares of stock or other securities into which each outstanding share of
Common Stock shall be so changed or for which each such share shall be exchanged
or to which each such share shall be entitled, as the case may be, on a fair and
equivalent basis in accordance with the applicable  provisions of Section 424 of
the Code; provided, however, with respect to Options, in no such event will such
adjustment  result in a modification  of any Option as defined in Section 424(h)
of the Code.  In the event there shall be any other change in the number or kind
of the outstanding shares of Common Stock, or any stock or other securities into
which the Common  Stock shall have been  changed or for which it shall have been
exchanged,  then if the Committee shall, in its sole discretion,  determine that
such change  equitably  requires an adjustment in the shares available under and
subject to the Plan, or in any Award theretofore granted or which may be granted
under  the  Plan,  such  adjustments  shall  be made  in  accordance  with  such
determination, except that no adjustment of the number of shares of Common Stock
available  under the Plan or to which any Award relates that would  otherwise be
required shall be made unless and until such adjustment either by itself or with
other  adjustments  not previously made would require an increase or decrease of
at least 1% in the number of shares of Common Stock  available under the Plan or
to which any Award relates  immediately  prior to the making of such  adjustment
(the "Minimum  Adjustment").  Any adjustment  representing a change of less than
such minimum amount shall be carried forward and made as soon as such adjustment
together with other adjustments required by this Article VIII and not previously
made would result in a Minimum Adjustment.  Notwithstanding  the foregoing,  any
adjustment  required by this Article VIII which  otherwise would not result in a
Minimum Adjustment shall be made with respect to shares of Common Stock relating
to any Award immediately prior to exercise, payment or settlement of such Award.

     No fractional  shares of Common Stock or units of other securities shall be
issued  pursuant to any such  adjustment,  and any fractions  resulting from any
such  adjustment  shall be eliminated  in each case by rounding  downward to the
nearest whole share.

                                   ARTICLE IX

                                     GENERAL

     SECTION 9.01  Amendment or  Termination  of Plan.  The Board may suspend or
terminate the Plan at any time.  In addition,  the Board may, from time to time,
amend the Plan in any manner, but may not without shareholder approval adopt any
amendment  which would  increase the aggregate  number of shares of Common Stock
available under the Plan (except by operation of Article VIII);  provided,  that
any amendment to the Plan shall require  approval of the shareholders if, in the
opinion of counsel to the Company,  such  approval is required by any Federal or
state law or any regulations or rules promulgated thereunder.

     SECTION 9.02 Dividends and Dividend Equivalents.  The Committee may choose,
at the time of the grant of any Award or any time  thereafter  up to the time of
payment  of such  Award,  to include  as part of such  Award an  entitlement  to
receive  dividends or dividend  equivalents  subject to such terms,  conditions,
restrictions,  and/or  limitations,  if any,  as the  Committee  may  establish.
Dividends and dividend  equivalents granted hereunder shall be paid in such form
and manner (i.e., lump sum or  installments),  and at such time as the Committee
shall  determine.  All  dividends  or  dividend  equivalents  which are not paid
currently may, at the Committee's  discretion,  accrue interest or be reinvested
into additional shares of Common Stock.

     SECTION 9.03 Acceleration of Otherwise Unexercisable Options and Vesting of
Restricted  Stock on  Death,  Disability  or Other  Special  Circumstances.  The
Committee,  in its sole discretion,  may permit (i) a Participant who terminates
employment due to a Disability,  (ii) the personal  representative of a deceased
Participant,  or (iii) any other Participant who terminates  employment upon the
occurrence of special circumstances (as determined by the Committee) to purchase
(or to become  vested in) all or any part of the shares  subject to any unvested
Award  (whether  covering  Options  or  Restricted  Stock)  on the  date  of the
Participant's Disability, death, or as the Committee otherwise so determines.

     SECTION 9.04  Limitations  on Exercise  After  Termination  of  Employment.
Unless otherwise provided in the Participant's Award Agreement,  with respect to
Awards which have already vested at the date of termination of employment or the
vesting of which is  accelerated  by the  Committee in  accordance  with Section
9.03, the Participant or the personal  representative of a deceased  Participant
shall  automatically  have the right to exercise such vested Awards within three
months of such date of  termination  of  employment or one year in the case of a
Participant  suffering  a  Disability  or three  years in the case of a deceased
Participant.

     SECTION 9.05 Limited Transferability. The Committee may, in its discretion,
authorize all or a portion of the Nonqualified Stock Options to be granted under
this Plan to be on terms which  permit  transfer by the  Participant  to (i) the
ex-spouse  of the  Participant  pursuant  to the terms of a  domestic  relations
order, (ii) the spouse, children or grandchildren of the Participant ("Immediate
Family  Members"),  (iii) a trust or trusts  for the  exclusive  benefit of such
Immediate  Family Members,  or (iv) a partnership in which such Immediate Family
Members are the only partners. In addition (x) there may be no consideration for
any such transfer,  (y) the Award Agreement  pursuant to which such Nonqualified
Stock Options are granted must be approved by the Committee,  and must expressly
provide for  transferability  in a manner consistent with this Section,  and (z)
subsequent  transfers  of  transferred   Nonqualified  Stock  Options  shall  be
prohibited except as set forth below in this Section 9.05.  Following  transfer,
any such  Nonqualified  Stock Options  shall  continue to be subject to the same
terms and conditions as were applicable immediately prior to transfer,  provided
that for purposes of Section 9.04 hereof the term "Participant"  shall be deemed
to refer to the  transferee.  The events of termination of employment of Section
9.04  hereof  shall  continue  to  be  applied  with  respect  to  the  original
Participant,  following which the Options shall be exercisable by the transferee
only to the extent,  and for the periods  specified in Section  9.04 hereof.  No
transfer  pursuant to this  Section  9.05 shall be effective to bind the Company
unless  the  Company  shall  have been  furnished  with  written  notice of such
transfer  together  with such other  documents  regarding  the  transfer  as the
Committee shall request.  In addition,  Options shall be transferable by will or
the laws of descent and distribution;  however, no such transfer of an Option by
the Participant  shall be effective to bind the Company unless the Company shall
have been furnished  with written  notice of such transfer and an  authenticated
copy of the will and/or such other  evidence as the Committee may deem necessary
to establish the validity of the transfer and the  acceptance by the  transferee
of the terms and conditions of such Option.

     SECTION 9.06 Withholding  Taxes. A Participant must pay the amount of taxes
required by law upon the  exercise  or payment of an Award (i) in cash,  (ii) at
the discretion of the  Committee,  by delivering to the Company shares of Common
Stock having a Fair Market  Value on the date of payment  equal to the amount of
such  minimum  required  withholding  taxes,  or  (iii)  a  combination  of  the
foregoing.

     SECTION  9.07  Amendments  to  Awards.   The  Committee  may  at  any  time
unilaterally  amend the terms of any Award  Agreement,  whether or not presently
exercisable,  earned,  paid or  vested,  to the  extent  it  deems  appropriate,
including  by example  and not by  limitation,  the  acceleration  of vesting of
Awards;  provided,  however,  that any such  amendment  which is  adverse to the
Participant  with  respect  to  awards  previously  granted  shall  require  the
Participant's consent.

     SECTION 9.08 Securities Laws. The Company shall have no obligation to issue
or deliver certificates representing shares of Common Stock subject to Awards if
such issuance or delivery would violate any federal or state securities or other
laws or prior to:

          (a) the obtaining of any approval from, or satisfaction of any waiting
     period or other  condition  imposed by, any  governmental  agency which the
     Committee  shall,  in its sole  discretion,  determine  to be  necessary or
     advisable; and

          (b) the completion of any registration or other  qualification of such
     shares  under any state or Federal law or ruling of any  governmental  body
     which  the  Committee  shall,  in  its  sole  discretion,  determine  to be
     necessary or advisable.

     SECTION 9.09 Right to Continued  Position or Employment.  Participation  in
the Plan  shall not give any  Director  any right to  remain a  Director  of the
Company  or any  Eligible  Employee  any right to  remain  in the  employ of the
Company,  any  Subsidiary or any  Affiliated  Entity.  The adoption of this Plan
shall  not be  deemed  to give any  Director,  Eligible  Employee  or any  other
individual any right to be selected as a Participant or to be granted an Award.

     SECTION 9.10  Reliance on Reports.  Each member of the  Committee  and each
member of the Board shall be fully  justified in relying or acting in good faith
upon any report made by the  independent  public  accountants of the Company and
its Subsidiaries and upon any other information furnished in connection with the
Plan by any person or persons other than  himself.  In no event shall any person
who is or shall  have been a member of the  Committee  or of the Board be liable
for any  determination  made or other  action  taken or any  omission  to act in
reliance upon any such report or information or for any action taken,  including
the furnishing of information, or failure to act, if in good faith.

     SECTION 9.11 Construction.  Masculine pronouns and other words of masculine
gender shall refer to both men and women.

     SECTION 9.12  Governing Law. The Plan shall be governed by and construed in
accordance  with the laws of the  State of  Oklahoma  except  as  superseded  by
applicable Federal law.

     SECTION  9.13  Dissolution  or  Liquidation.  In the event of the  proposed
dissolution or liquidation of the Company, each Award will terminate immediately
prior to the  consummation  of such  proposed  action or at such  other time and
subject to such other conditions as shall be determined by the Committee.

                                    ARTICLE X

                             CHANGE OF CONTROL EVENT

     Awards  granted  under the Plan may, in the  discretion  of the  Committee,
provide in the Award  Agreement  that such Awards shall be  immediately  vested,
fully earned and exercisable upon the occurrence of a Change of Control Event. A
Change of  Control  Event  shall  mean the  occurrence  of any of the  following
events:

          (i) Dobson CC Limited  Partnership,  an Oklahoma limited  partnership,
     and its  affiliates  cease to  beneficially  own at least  35% of the total
     combined  voting power of all classes of  outstanding  capital stock of the
     Company  entitled to vote in the election of the  directors of the Company;
     or

          (ii) Any "person" or "group,"  within the meaning of Section 13 (d) or
     14 (d)(2) of the  Securities  Exchange  Act of 1934  becomes  the  ultimate
     "beneficial  owner," as defined in Rule 13d-3  under the  Exchange  Act, of
     more  than  35% of the  total  combined  voting  power  of all  classes  of
     outstanding  capital stock of the Company  entitled to vote in the election
     of directors of the Company,  on a fully diluted basis, and such beneficial
     ownership  represents a greater  percentage of such total  combined  voting
     power,  on a  fully  diluted  basis,  than is held  by  Dobson  CC  Limited
     Partnership and its affiliates on such date; or

          (iii)  Individuals  who on April  19,  2002  constituted  the Board of
     Directors of the Company, together with any new directors whose election by
     the Board of Directors of the Company or whose  nomination  for election by
     the Company's stockholders was approved by a majority of the members of the
     Board of Directors of the Company then in office who either were members of
     the Board of Directors  of the Company of April 19, 2002 or whose  election
     or nomination for election was previously so approved, cease for any reason
     to constitute a majority of the members of the Company's Board of Directors
     then in office; or

          (iv) The sale, lease, transfer, conveyance or other disposition (other
     than by way of merger  or  consolidation),  in one or a series  of  related
     transactions,  of all or  substantially  all of the combined  assets of the
     Company and all of its subsidiaries,  taken as a whole, to any person other
     than a  wholly-owned  subsidiary  of  the  Company  or  Dobson  cc  Limited
     Partnership or any of its affiliates; or

          (v)  The  adoption  of a plan of  liquidation  or  dissolution  of the
     Company.

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