Document:

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                                                                     EXHIBIT 4.4

                                                                  Execution Copy

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                               TeleCorp PCS, Inc.

                   Senior Subordinated Discount Notes due 2011

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

                                    INDENTURE

                            Dated as of April 6, 2001

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                               Firstar Bank, N.A.

                                     Trustee

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                                                 TABLE OF CONTENTS

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                                                     ARTICLE 1

                                    DEFINITIONS AND INCORPORATION BY REFERENCE

Section 1.01.       Definitions...................................................................................1
Section 1.02.       Other Definitions............................................................................26
Section 1.03.       Incorporation by Reference of Trust Indenture Act............................................26
Section 1.04.       Rules of Construction........................................................................27

                                                     ARTICLE 2

                                                  THE SECURITIES

Section 2.01.       Initial Securities Issuable in Tranches......................................................27
Section 2.02.       Form and Dating..............................................................................28
Section 2.03.       Execution and Authentication.................................................................28
Section 2.04.       Registrar and Paying Agent...................................................................29
Section 2.05.       Paying Agent To Hold Money in Trust..........................................................29
Section 2.06.       Securityholder Lists.........................................................................30
Section 2.07.       Transfer and Exchange........................................................................30
Section 2.08.       Replacement Securities.......................................................................31
Section 2.09.       Outstanding Securities.......................................................................31
Section 2.10.       Temporary Securities.........................................................................31
Section 2.11.       Cancellation.................................................................................32
Section 2.12.       Defaulted Interest...........................................................................32
Section 2.13.       CUSIP Numbers................................................................................32

                                                     ARTICLE 3

                                                    REDEMPTION

Section 3.01.       Notices to Trustee...........................................................................32
Section 3.02.       Selection of Securities To Be Redeemed.......................................................33
Section 3.03.       Notice of Redemption.........................................................................33
Section 3.04.       Effect of Notice of Redemption...............................................................34
Section 3.05.       Deposit of Redemption Price..................................................................34
Section 3.06.       Securities Redeemed in Part..................................................................34

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                                                     ARTICLE 4

                                                     COVENANTS
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Section 4.01.       Payment of Securities........................................................................34
Section 4.02.       Provision of Financial Information...........................................................35
Section 4.03.       Limitation on Incurrence of Indebtedness.....................................................35
Section 4.04.       Limitation on Restricted Payments............................................................39
Section 4.05.       Limitation on Restrictions Affecting Restricted Subsidiaries.................................43
Section 4.06.       Limitation on Certain Asset Dispositions.....................................................44
Section 4.07.       Limitation on Transactions with Affiliates...................................................46
Section 4.08.       Change of Control............................................................................48
Section 4.09.       Compliance Certificate.......................................................................49
Section 4.10.       Further Instruments and Acts.................................................................49
Section 4.11.       Future Subsidiary Guarantors.................................................................49
Section 4.12.       [Intentionally Omitted]......................................................................49
Section 4.13.       Limitation on Designations of Unrestricted Subsidiaries......................................49
Section 4.14.       Limitation on Layered Indebtedness...........................................................50
Section 4.15.       Additional Activities........................................................................51

                                                    ARTICLE 5

                                                 SUCCESSOR COMPANY

Section 5.01.       Merger, Consolidation and Certain Sales of Assets............................................51

                                                     ARTICLE 6

                                               DEFAULTS AND REMEDIES

Section 6.01.       Events of Default............................................................................52
Section 6.02.       Acceleration.................................................................................54
Section 6.03.       Other Remedies...............................................................................54
Section 6.04.       Waiver of Past Defaults......................................................................54
Section 6.05.       Control by Majority..........................................................................55
Section 6.06.       Limitation on Suits..........................................................................55
Section 6.07.       Rights of Holders To Receive Payment.........................................................55
Section 6.08.       Collection Suit by Trustee...................................................................56
Section 6.09.       Trustee May File Proofs of Claim.............................................................56
Section 6.10.       Priorities...................................................................................56
Section 6.11.       Undertaking for Costs........................................................................56
Section 6.12.       Waiver of Stay or Extension Laws.............................................................57
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                                                     ARTICLE 7

                                                      TRUSTEE
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Section 7.01.       Duties of Trustee............................................................................57
Section 7.02.       Rights of Trustee............................................................................58
Section 7.03.       Individual Rights of Trustee.................................................................59
Section 7.04.       Trustee's Disclaimer.........................................................................59
Section 7.05.       Notice of Defaults...........................................................................59
Section 7.06.       Reports by Trustee to Holders................................................................59
Section 7.07.       Compensation and Indemnity...................................................................59
Section 7.08.       Replacement of Trustee.......................................................................60
Section 7.09.       Successor Trustee by Merger..................................................................61
Section 7.10.       Eligibility; Disqualification................................................................61
Section 7.11.       Preferential Collection of Claims Against Company............................................61
Section 7.12.       Trustee Acting as Paying Agent or Registrar..................................................62

                                                     ARTICLE 8

                                        DISCHARGE OF INDENTURE; DEFEASANCE

Section 8.01.       Discharge of Liability on Securities; Defeasance.............................................62
Section 8.02.       Conditions to Defeasance.....................................................................63
Section 8.03.       Application of Trust Money...................................................................64
Section 8.04.       Repayment to Company.........................................................................64
Section 8.05.       Indemnity for Government Obligations.........................................................64
Section 8.06.       Reinstatement................................................................................64

                                                     ARTICLE 9

                                                    AMENDMENTS

Section 9.01.       Without Consent of Holders...................................................................65
Section 9.02.       With Consent of Holders......................................................................66
Section 9.03.       Compliance with Trust Indenture Act..........................................................66
Section 9.04.       Revocation and Effect of Consents and Waivers................................................66
Section 9.05.       Notation on or Exchange of Securities........................................................67
Section 9.06.       Trustee To Sign Amendments...................................................................67
Section 9.07.       Payment for Consent..........................................................................67

                                                    ARTICLE 10

                                                   SUBORDINATION

Section 10.01.      Agreement To Subordinate.....................................................................68
Section 10.02.      Liquidation, Dissolution, Bankruptcy.........................................................68
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Section 10.03.      Default on Senior Indebtedness...............................................................68
Section 10.04.      Acceleration of Payment of Securities........................................................69
Section 10.05.      When Distribution Must Be Paid Over..........................................................69
Section 10.06.      Subrogation..................................................................................69
Section 10.07.      Relative Rights..............................................................................70
Section 10.08.      Subordination May Not Be Impaired by Company.................................................70
Section 10.09.      Rights of Trustee and Paying Agent...........................................................70
Section 10.10.      Distribution or Notice to Representative.....................................................70
Section 10.11.      Article 10 Not To Prevent Events of Default or Limit Right To Accelerate.....................70
Section 10.12.      Trust Moneys Not Subordinated................................................................70
Section 10.13.      Trustee Entitled To Rely.....................................................................71
Section 10.14.      Trustee To Effectuate Subordination..........................................................71
Section 10.15.      Trustee Not Fiduciary for Holders of Senior Indebtedness.....................................71
Section 10.16.      Reliance by Holders of Senior Indebtedness on Subordination Provisions.......................71
Section 10.17.      Trustee's Compensation Not Prejudiced........................................................72
Section 10.18.      Defeasance...................................................................................72

                                                    ARTICLE 11

                                               SUBSIDIARY GUARANTEES

Section 11.01.      Subsidiary Guarantees........................................................................72
Section 11.02.      Limitation on Liability......................................................................74
Section 11.03.      Successors and Assigns.......................................................................75
Section 11.04.      No Waiver....................................................................................75
Section 11.05.      Modification.................................................................................75
Section 11.06.      Execution of Supplemental Indenture for Future Subsidiary Guarantors.........................75

                                                    ARTICLE 12

                                    SUBORDINATION OF THE SUBSIDIARY GUARANTEES

Section 12.01.      Agreement To Subordinate.....................................................................75
Section 12.02.      Liquidation, Dissolution, Bankruptcy.........................................................76
Section 12.03.      Default on Designated Senior Indebtedness of a Subsidiary Guarantor..........................76
Section 12.04.      Demand for Payment...........................................................................77
Section 12.05.      When Distribution Must Be Paid Over..........................................................77
Section 12.06.      Subrogation..................................................................................77
Section 12.07.      Relative Rights..............................................................................77
Section 12.08.      Subordination May Not Be Impaired by a Subsidiary Guarantor..................................78
Section 12.09.      Rights of Trustee and Paying Agent...........................................................78
Section 12.10.      Distribution or Notice to Representative.....................................................78
Section 12.11.      Article 12 Not To Prevent Events of Default or Limit Right To Accelerate.....................78
Section 12.12.      Trustee Entitled To Rely.....................................................................78
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Section 12.13.      Trustee To Effectuate Subordination..........................................................79
Section 12.14.      Trustee Not Fiduciary for Holders of Senior Indebtedness of a Subsidiary Guarantor...........79
Section 12.15.      Reliance by Holders of Senior Indebtedness of a Subsidiary Guarantor on Subordination
                       Provisions................................................................................79
Section 12.16.      Defeasance...................................................................................79

                                                    ARTICLE 13

                                            SATISFACTION AND DISCHARGE

Section 13.01.      Satisfaction and Discharge of Indenture......................................................80
Section 13.02.      Application of Trust Money...................................................................80

                                                    ARTICLE 14

                                                   MISCELLANEOUS

Section 14.01.      Trust Indenture Act Controls.................................................................81
Section 14.02.      Notices......................................................................................81
Section 14.03.      Communication by Holders with Other Holders..................................................81
Section 14.04.      Certificate and Opinion as to Conditions Precedent...........................................82
Section 14.05.      Statements Required in Certificate or Opinion................................................82
Section 14.06.      When Securities Disregarded..................................................................82
Section 14.07.      Rules by Trustee, Paying Agent and Registrar.................................................82
Section 14.08.      Legal Holidays...............................................................................83
Section 14.10.      No Recourse Against Others...................................................................83
Section 14.11.      Successors...................................................................................83
Section 14.12.      Multiple Originals...........................................................................83
Section 14.13.      Table of Contents; Headings..................................................................83
Section 14.14.      Acts of Securityholders......................................................................83

Appendix A        -   Provisions Relating to Initial Securities, Private Exchange Securities and Exchange Securities
Exhibit A         -   Form of Initial Security
Exhibit B         -   Form of Exchange Security
Exhibit C         -   Form of Supplemental Indenture
Exhibit D         -   Form of Transferee Letter of Representation

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          INDENTURE dated as of April 6, 2001 among TeleCorp PCS, Inc., a
Delaware corporation (the "Company") and Firstar Bank, N.A., a national
association under the laws of the United States, as trustee (the "Trustee").

          Each party agrees as follows for the benefit of the other parties and
for the equal and ratable benefit of the Holders of the Company's Senior
Subordinated Discount Notes due 2011 issued under this indenture.

                                   ARTICLE 1

                   Definitions and Incorporation by Reference

          Section 1.01. Definitions.
                        ------------

          "Accreted Value" means with respect to each Security, (a) as of any
date of determination prior to April 15, 2006, the sum of:

          (1) the initial offering price of each Security to the Initial
     Purchaser; and

          (2) the portion of the excess of the principal amount of each Security
     over such initial offering price, which shall have been amortized by the
     Company in accordance with GAAP through such date, such amount to be so
     amortized on a daily basis and compounded semi-annually on each interest
     payment date at the rate of interest to be paid commencing April 15, 2006
     as stated in such Security per annum from the date of issuance of such
     Security through the date of determination computed on the basis of a 360-
     day year of twelve 30-day months, and

          (b) as at any time on or after April 15, 2006, the principal amount of
     each Security on such date.

          "Acquired Indebtedness" means, with respect to any Person,
Indebtedness of such Person:

          (1) existing at the time such Person becomes a Restricted Subsidiary;
     or

          (2) assumed in connection with the acquisition of assets from another
     Person, including Indebtedness Incurred in connection with, or in
     contemplation of, such Person becoming a Restricted Subsidiary or such
     acquisition, as the case may be.

          "Affiliate" of any specified Person means any other Person directly or
indirectly controlling or controlled by, or under direct or indirect common
control with, any specified Person.  For purposes of this definition, "control"
when used with respect to any Person means the power to direct the management
and policies of such Person, directly or indirectly, whether through the
ownership of voting securities, by contract or otherwise; and the terms
"controlling" and "controlled" have meanings correlative to the foregoing.

          "Airadigm" means Airadigm Communications, Inc.
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          "Annualized Pro Forma Consolidated Operating Cash Flow" of a Person
means Consolidated Cash Flow for the latest two full fiscal quarters for which
consolidated financial statements of such Person are available multiplied by
two.  For purposes of calculating "Consolidated Cash Flow" for any period for
purposes of this definition only:

          (1) any Subsidiary of such Person that is a Restricted Subsidiary on
     the date of the transaction giving rise to the need to calculate
     "Annualized Pro Forma Consolidated Operating Cash Flow" (the "Transaction
     Date") shall be deemed to have been a Restricted Subsidiary at all times
     during such period; and

          (2) any Subsidiary of such Person that is not a Restricted Subsidiary
     on the Transaction Date shall be deemed not to have been a Restricted
     Subsidiary at any time during such period.

          In addition to and without limitation of the foregoing, for purposes
     of this definition only, "Consolidated Cash Flow" shall be calculated after
     giving effect on a pro forma basis for the applicable period to, without
     duplication, any Asset Dispositions or Asset Acquisitions (including,
     without limitation, any Asset Acquisition giving rise to the need to make
     such calculation as a result of such Person or one of its Restricted
     Subsidiaries (including any Person who becomes a Restricted Subsidiary as a
     result of an Asset Acquisition) Incurring, assuming or otherwise being
     liable for Acquired Indebtedness) occurring during the period commencing on
     the first day of such two-fiscal-quarter period to and including the
     Transaction Date (the "Reference Period"), as if such Asset Disposition or
     Asset Acquisition occurred on the first day of the Reference Period.

          "Asset Acquisition" means:

          (1) any purchase or other acquisition (by means of transfer of cash,
     Indebtedness or other property to others or payment for property or
     services for the account or use of others or otherwise) of Capital Stock of
     any Person by any other Person or any Restricted Subsidiary of such other
     Person, in either case, pursuant to which such Person shall become a
     Restricted Subsidiary of such other Person or shall be merged with or into
     such other Person or any Restricted Subsidiary of such other Person; or

          (2) any acquisition by any Person or any Restricted Subsidiary of any
     Person of the property or assets of any other Person which constitute all
     or substantially all of an operating unit or line of business of such other
     Person.

          "Asset Disposition" means any sale, transfer or other disposition
(including, without limitation, by merger, consolidation or Sale/Leaseback
Transaction) of:

          (1) shares of Capital Stock of a Subsidiary of the Company (other than
     directors' qualifying shares);

          (2) any License for the provision of wireless telecommunications
     services held by the Company or any Restricted Subsidiary (whether by sale
     of Capital Stock or otherwise); or

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          (3) any other property or assets of the Company or any Subsidiary of
     the Company other than in the ordinary course of business;

     provided, however, that an Asset Disposition shall not include:
     --------  -------

               (A) any sale, transfer or other disposition of shares of Capital
          Stock, property or assets by a Restricted Subsidiary to the Company or
          to any other Restricted Subsidiary or by the Company to any Restricted
          Subsidiary;

               (B) any sale, transfer or other disposition of defaulted
          receivables for collection;

               (C) the sale, lease, conveyance or disposition or other transfer
          of all or substantially all of the assets of the Company as permitted
          under Article 5;

               (D) any disposition that constitutes a Change of Control; or

               (E) any sale, transfer or other disposition of shares of Capital
          Stock of any Marketing Affiliate; provided that such Marketing
                                            --------
          Affiliate is not engaged in any activity other than the registration,
          holding, maintenance or protection of trademarks and the licensing
          thereof; or

               (F) any sale, transfer or other disposition that does not
          (together with all related sales, transfers or dispositions) involve
          aggregate consideration in excess of $15,000,000.

          "AT&T Wireless" means AT&T Wireless PCS, LLC, a Delaware corporation.

          "Average Life" means, as of the date of determination, with respect to
any Indebtedness for borrowed money or Preferred Stock, the quotient obtained by
dividing:

          (1) the sum of the products of the number of years from the date of
     determination to the dates of each successive scheduled principal or
     liquidation value payments of such Indebtedness or Preferred Stock,
     respectively, and the amount of such principal or liquidation value
     payments by

          (2) the sum of all such principal or liquidation value payments.

          "Bank Indebtedness" means any and all amounts payable under or in
respect of a Credit Agreement and any Refinancing Indebtedness with respect
thereto, as amended from time to time, including principal, premium (if any),
interest (including interest accruing on or after the filing of any petition in
bankruptcy or for reorganization relating to the Company whether or not a claim
for post-filing interest is allowed in such proceedings), fees, charges,
expenses, reimbursement obligations, guarantees and all other amounts payable
thereunder or in respect thereof.

          "Bankruptcy Law" means Title 11, United States Code, or any similar
                                           ------------------
federal or state law for the relief of debtors.

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<PAGE>

          "board of directors" of any Person means the board of directors,
management committee or other governing body of such Person.

          "BTA" means a Basic Trading Area, as defined in 47 C.F.R. (S)24.202.

          "Business Day" means any date which is not a Legal Holiday.

          "C-Block License" means any License in the C block as set forth in
parts 1 and 24 of Title 47 of the Code of Federal Regulations.

          "Capital Lease Obligations" of any Person means the obligations to pay
rent or other amounts under a lease of (or other Indebtedness arrangements
conveying the right to use) real or personal property of such Person which are
required to be classified and accounted for as a capital lease or liability on
the face of a balance sheet of such Person in accordance with GAAP.  The amount
of such obligations shall be the capitalized amount thereof in accordance with
GAAP, and the Stated Maturity thereof shall be the date of the last payment of
rent or any other amount due under such lease prior to the first date upon which
such lease may be terminated by the lessee without payment of a penalty.

          "Capital Stock" of any Person means any and all shares, interests,
rights to purchase, warrants, options, participations or other equivalents of or
interests in (however designated) of corporate stock or other equity
participations, including partnership interests, whether general or limited, of
such Person.

          "Cash Equity Investors" means CB Capital Investors, L.P., Equity-
Linked Investors-II, Private Equity Investors III, L.P., Hoak Communications
Partners, L.P., HCP Capital Fund, L.P., Whitney Equity Partners, L.P., J. H.
Whitney III, L.P., Whitney Strategic Partners III, L.P., Media/Communications
Partners III Limited Partnership, Media/Communications Investors Limited
Partnership, One Liberty Fund III, L.P., One Liberty Fund IV, L.P., Toronto
Dominion Investments, Inc., Northwood Ventures LLC, Northwood Capital Partners
LLC, Gerald Vento, Thomas Sullivan, Gilde International B.V., CIHC, Incorporated
and Dresdner Kleinwort Benson Private Equity LLC, Trillium PCS, LLC, Triune PCS,
LLC, MF Financial, General Electric Capital Corporation, FCA Ventures Pts II,
Southern Farm Bureau, M3 LLC, McCarty Communications, LLC, and Mercury PCS
Investors.

          "Cash Equivalents" means:

          (1) direct obligations of, or obligations the principal of and
     interest on which are unconditionally guaranteed by, the United States of
     America (or by any agency thereof to the extent such obligations are backed
     by the full faith and credit of the United States of America), in each case
     maturing within one year from the date of acquisition thereof;

          (2) investments in commercial paper maturing within 365 days from the
     date of acquisition thereof and having, at such date of acquisition, the
     highest credit rating obtainable from Standard & Poor's Corporation or from
     Moody's Investors Service;

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          (3) investments in certificates of deposit, banker's acceptance and
     time deposits maturing within 365 days from the date of acquisition thereof
     issued or guaranteed by or placed with, and money market deposit accounts
     issued or offered by, any domestic office of any commercial bank organized
     under the laws of the United States of America or any State thereof which
     has a combined capital and surplus and undivided profits of not less than
     $500,000,000;

          (4) fully collateralized repurchase agreements with a term of not more
     than 30 days for securities described in clause (1) above and entered into
     with a financial institution satisfying the criteria described in clause
     (3) above; and

          (5) money market funds substantially all of whose assets comprise
     securities of the type described in clauses (1) through (3) above.

          "Change of Control" means the assurance of any of the following
events:

          (1) any "person" or "group" (as such terms are used in Sections 13(d)
     and 14(d) of the Exchange Act), other than a Permitted Holder or Permitted
     Holders or a person or group controlled by a Permitted Holder or Permitted
     Holders, becomes the "beneficial owner" (as defined in Rules 13d-3 and 13d-
     5 under the Exchange Act, except that a person shall be deemed to have
     "beneficial ownership" of all such securities that such person has the
     right to acquire within one year, upon the happening of an event or
     otherwise) directly or indirectly, of securities of the Company
     representing 50% or more of the combined voting power of the Company's then
     outstanding Voting Stock;

          (2) the following individuals cease for any reason to constitute more
     than a majority of the number of directors then serving on the board of
     directors of the Company: individuals who, on the date of this Indenture,
     constitute the board of directors of the Company and any new director
     (other than a director whose initial assumption of office is in connection
     with an actual or threatened election contest, including, but not limited
     to, a consent solicitation relating to the election of directors of the
     Company) whose appointment or election by the board of directors of the
     Company or nomination for election by the Company's stockholders was
     approved by the vote of at least two-thirds of the directors then still in
     office or whose appointment, election or nomination was previously so
     approved or recommended or made in accordance with the terms of the
     Stockholders' Agreement; or

          (3) the stockholders of the Company shall approve any Plan of
     Liquidation (whether or not otherwise in compliance with the provisions of
     this Indenture).

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

          "Common Stock" of any Person means Capital Stock of such Person that
does not rank prior, as to the payment of dividends or as to the distribution of
assets upon any voluntary or involuntary liquidation, dissolution or winding up
of such Person, to shares of Capital Stock of any other class of such Person.

          "Commission" means the Securities and Exchange Commission.

                                      -5-
<PAGE>

          "Communications Act" means the Communications Act of 1934, and any
similar or successor Federal statute, and the rules and regulations and
published policies of the FCC thereunder, all as amended and as the same may be
in effect from time to time.

          "Company" means the party named as such in this Indenture until a
successor replaces it and, thereafter, means the successor and, for purposes of
any provision contained herein and required by the TIA, each other obligor on
the indenture securities.

          "Company Credit Agreement" means any credit agreement among the
Company, one or more agents (if applicable) and one or more financial
institutions, as lenders, as amended, waived or otherwise modified from time to
time (except to the extent that any such agreement, amendment, waiver or other
modification thereto would be prohibited by the terms of this Indenture, unless
otherwise agreed to by the Required Holders).

          "Consolidated Cash Flow" of any Person means, for any period, the
Consolidated Net Income of such Person for such period:

          (1) increased (to the extent Consolidated Net Income for such period
     has been reduced thereby) by the sum of (without duplication):

               (A) Consolidated Interest Expense of such Person for such period;
          plus

               (B) Consolidated Income Tax Expense of such Person for such
          period; plus

               (C) the consolidated depreciation and amortization expense of
          such Person and its Restricted Subsidiaries for such period; plus

               (D) any other non-cash charges of such Person and its Restricted
          Subsidiaries for such period except for any non-cash charges that
          represent accruals of, or reserves for, cash disbursements to be made
          in any future accounting period; and

          (2) decreased (to the extent Consolidated Net Income for such period
     has been increased thereby) by any non-cash gains from Asset Dispositions.

          "Consolidated Income Tax Expense" of any Person means, for any period,
the consolidated provision for income taxes of such Person and its Restricted
Subsidiaries for such period calculated on a consolidated basis in accordance
with GAAP.

          "Consolidated Interest Expense" for any Person means, for any period,
without duplication:

          (1) the consolidated interest expense included in a consolidated
     income statement (without deduction of interest or finance charge income)
     of such Person and its Restricted Subsidiaries for such period calculated
     on a consolidated basis in accordance with GAAP (including, without
     limitation, (a) any amortization of debt discount, (b) the net costs under
     Hedging Agreements, (c) all capitalized interest, (d) the interest portion
     of

                                      -6-
<PAGE>

     any deferred payment obligation and (e) all amortization of any premiums,
     fees and expenses payable in connection with the Incurrence of any
     Indebtedness); plus

          (2) the interest component of Capital Lease Obligations paid, accrued
     and/or scheduled to be paid or accrued, by such Person and its Restricted
     Subsidiaries during such period as determined on a consolidated basis in
     accordance with GAAP.

          "Consolidated Net Income" of any Person means for any period the
consolidated net income (or loss) of such Person and its Restricted Subsidiaries
for such period determined on a consolidated basis in accordance with GAAP;
provided, however, that there shall be excluded therefrom:
--------  -------

          (1) the net income (or loss) of any Person acquired by such Person or
     a Restricted Subsidiary of such Person in a pooling-of-interests
     transaction for any period prior to the date of such transaction;

          (2) the net income (but not loss) of any Restricted Subsidiary of such
     Person which is subject to restrictions which prevent or limit the payment
     of dividends or the making of distributions to such Person to the extent of
     such restrictions (regardless of any waiver thereof);

          (3) the net income of any Person that is not a Restricted Subsidiary
     of such Person, except to the extent of the amount of dividends or other
     distributions representing such Person's proportionate share of such other
     Person's net income for such period actually paid in cash to such Person by
     such other Person during such period;

          (4) gains or losses (other than for purposes of calculating
     Consolidated Net Income under clause (C) of paragraph (a) of Section 4.04)
     on Asset Dispositions by such Person or its Restricted Subsidiaries;

          (5) all extraordinary gains (but not, other than for purposes of
     calculating Consolidated Net Income under clause (C) of paragraph (a) under
     Section 4.04, losses) determined in accordance with GAAP; and

          (6) in the case of a successor to such Person by consolidation or
     merger or as a transferee of such Person's assets, any earnings (or losses)
     of the successor corporation prior to such consolidation, merger or
     transfer of assets.

          "Credit Agreements" means the collective reference to the Company
Credit Agreement, the Wireless Credit Agreement and the Tritel Credit Agreement.

          "Custodian" means any receiver, trustee, assignee, liquidator,
custodian or similar official under any Bankruptcy Law.

          "Default" means any event that is, or after notice or lapse of time or
both would become, an Event of Default.

                                      -7-
<PAGE>

          "Designated Covenants" means the covenants contained in Sections 4.03,
4.04(a)(2), 4.04(a)(4), 4.05 and 4.07 (but only as to funds constituting
proceeds from the Securities as determined in the reasonable judgement of the
board of directors of the Company), in each case, including any defined terms
contained therein.

          "Designated Senior Indebtedness" of the Company means:

          (1) so long as outstanding, Bank Indebtedness; and

          (2) so long as outstanding, any other Senior Indebtedness which has at
     the time of initial issuance an aggregate outstanding principal amount in
     excess of $25,000,000 and which has been so designated as Designated Senior
     Indebtedness by the board of directors of the Company at the time of its
     initial issuance in a resolution delivered to the Trustee.  "Designated
     Senior Indebtedness" of a Subsidiary Guarantor has a correlative meaning.

          "Designation" has the meaning set forth in Section 4.13.

          "Disqualified Stock" of any Person means any Capital Stock of such
Person which, by its terms (or by the terms of any security into which it is
convertible or for which it is exchangeable), or upon the happening of any
event, matures or is mandatorily redeemable, pursuant to a sinking fund
obligation or otherwise, or is redeemable at the option of the holder thereof,
in whole or in part, on or prior to the first anniversary of the Stated Maturity
of the Securities; provided, however, that any Capital Stock that would not
                   --------  -------
constitute Disqualified Stock but for provisions thereof giving holders thereof
the right to require such Person to repurchase or redeem such Capital Stock upon
the occurrence of an "asset sale" or "change of control" occurring prior to the
first anniversary of the Stated Maturity of the Securities shall not constitute
Disqualified Stock if the "asset sale" or "change of control" provisions
applicable to such Capital Stock are no more favorable to the holders of such
Capital Stock than the provisions of Section 4.08.

          "Equipment Subsidiary" means any Wholly Owned Subsidiary of the
Company designated as an Equipment Subsidiary under the Company Credit
Agreement.

          "Equity Offering" means any public or private sale of Qualified Stock
made on a primary basis by the Company after the date of this Indenture,
including through the issuance or sale of Qualified Stock to one or more
Strategic Equity Investors.

          "Exchange Act" means the Securities Exchange Act of 1934, as amended,
and the rules and regulations promulgated by the Commission thereunder.

          "Exchange and Registration Rights Agreement" means (i) the Exchange
and Registration Rights Agreement, to be dated the date of this Indenture,
between the Company and the Initial Purchaser and (ii) any other substantially
similar agreement among the Company and the purchasers named therein providing
exchange and registration rights to the holders of any Initial Securities issued
under this Indenture.

                                      -8-
<PAGE>

          "Exchange Securities" means, collectively, debt securities of the
Company that are identical in all material respects to a particular Tranche of
Initial Securities, except for transfer restrictions relating to the relevant
Initial Securities, issued in a like aggregate principal amount at maturity of
the relevant Initial Securities pursuant to an Exchange and Registration Rights
Agreement.

          "Exchange Offer" means a registered exchange offer for the Securities
undertaken by the Company pursuant to the Exchange and Registration Rights
Agreement.

          "Expiration Date" means the expiration date with respect to any Offer
to Purchase.

          "F-Block License" means any License in the F block as set forth in
parts 1 and 24 of Title 47 of the Code of Federal Regulations.

          "Fair Market Value" means, with respect to any asset or property, the
price that could be negotiated in an arm's-length free market transaction, for
cash, between a willing seller and a willing buyer, neither of which is under
pressure or compulsion to complete the transaction.  Unless otherwise specified
in this Indenture, Fair Market Value shall be determined by the board of
directors of the Company acting in good faith.

          "FCC" means the Federal Communications Commission, or any other
similar or successor agency of the Federal government administering the
Communications Act.

          "FCC Debt" means Indebtedness owed to the United States Treasury
Department or the FCC that is incurred in connection with the acquisition of a
License.

          "Foreign Subsidiaries" of any Person means any Subsidiary that is not
organized under the laws of the United States of America or any State thereof or
the District of Columbia.

          "GAAP" means generally accepted accounting principles, consistently
applied, as in effect from time to time in the United States of America, as set
forth in the opinions and pronouncements of the Accounting Principles Board of
the American Institute of Certified Public Accountants and statements and
pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as is approved by a significant segment of the
accounting profession in the United States.

          "Hedging Agreement" means any interest rate, currency or commodity
swap agreement, interest rate, currency or commodity future agreement, interest
rate cap or collar agreement, interest rate, currency or commodity hedge
agreement and any put, call or other agreement designed to protect against
fluctuations in interest rates, currency exchange rates or commodity prices.

          "Holder" or "Securityholder" means the Person in whose name a Security
is registered on the registrar's books.

          "Incur" means, with respect to any Indebtedness or other obligation of
any Person, to create, issue, incur (including by conversion, exchange or
otherwise), assume,

                                      -9-
<PAGE>

guarantee or otherwise become liable in respect of such Indebtedness or other
obligation or the recording, as required pursuant to GAAP or otherwise, of any
such Indebtedness or other obligation on the balance sheet of such Person (and
"Incurrence," "Incurred" and "Incurring" shall have meanings correlative to the
foregoing). Indebtedness of any Person or any of its Restricted Subsidiaries
existing at the time such Person becomes a Restricted Subsidiary (or is merged
into, or consolidates with, the Company or any Restricted Subsidiary), whether
or not such Indebtedness was Incurred in connection with, or in contemplation
of, such Person becoming a Restricted Subsidiary (or being merged into, or
consolidated with, the Company or any Restricted Subsidiary), shall be deemed
Incurred at the time any such Person becomes a Restricted Subsidiary or merges
into, or consolidates with, the Company or any Restricted Subsidiary.

          "Indebtedness" means (without duplication), with respect to any
Person, whether recourse is to all or a portion of the assets of such Person and
whether or not contingent:

          (1) every obligation of such Person for money borrowed;

          (2) every obligation of such Person evidenced by bonds, debentures,
     notes or other similar instruments, including obligations Incurred in
     connection with the acquisition of property, assets or businesses;

          (3) every reimbursement obligation of such Person with respect to
     letters of credit, bankers' acceptances or similar facilities issued for
     the account of such Person;

          (4) every obligation of such Person issued or assumed as the deferred
     purchase price of property or services (but excluding trade accounts
     payable or accrued liabilities arising in the ordinary course of business
     which are not overdue or which are being contested in good faith);

          (5) every Capital Lease Obligation of such Person;

          (6) every net obligation under Hedging Agreements or similar
     agreements of such Person; and

          (7) every obligation of the type referred to in clauses (1) through
     (6) of another Person and all dividends of another Person the payment of
     which, in either case, such Person has guaranteed or is responsible or
     liable for, directly or indirectly, as obligor, guarantor or otherwise.

          Indebtedness shall:

          (1) include the liquidation preference and any mandatory redemption
     payment obligations in respect of any Disqualified Stock of the Company and
     any Restricted Subsidiary and any Preferred Stock of a Subsidiary of the
     Company;

          (2) never be calculated taking into account any cash and Cash
     Equivalents held by such Persons;

                                      -10-
<PAGE>

          (3) not include obligations arising from agreements of the Company or
     a Restricted Subsidiary to provide for indemnification, adjustment of
     purchase price,.  earn-out or other similar obligations, in each case,
     Incurred or assumed in connection with the disposition of any business or
     assets of a Restricted Subsidiary.

The amount of any Indebtedness outstanding as of any date shall be:

          (1) the accreted value thereof, in the case of any Indebtedness issued
     with original issue discount;

          (2) the principal amount thereof, in the case of any Indebtedness
     other than Indebtedness issued with original issue discount; and

          (3) the greater of the maximum repurchase or redemption price or
     liquidation preference thereof, in the case of any Disqualified Stock or
     Preferred Stock.

          "Indenture" means this Indenture as amended or supplemented from time
to time.

          "Ineligible Subsidiary" means:

          (1) any Special Purpose Subsidiary;

          (2)  any Subsidiary Guarantor;

          (3) any Subsidiary of the Company that, directly or indirectly, owns
     any Capital Stock or Indebtedness of, or owns or holds any Lien on any
     property of, the Company or any other Subsidiary of the Company that is not
     a Subsidiary of the Subsidiary to be so designated; and

          (4) any Subsidiary of the Company that, directly or indirectly, owns
     any Capital Stock or Indebtedness of, or owns or holds any Lien on any
     property of, any other Subsidiary of the Company that is not eligible to be
     designated as an Unrestricted Subsidiary.

          "Initial Purchaser" means Lucent.

          "Initial Securities Resolution" means a resolution authorizing a
Tranche adopted by the board of directors of the Company or by a committee of
Officers or an Officer pursuant to delegation by the board of directors of the
Company.

          "Initial Security" or "Initial Securities" means any debt security or
securities issued from time to time under the Indenture excluding any Exchange
Security or Exchange Securities and Private Exchange Security or Private
Exchange Securities.

          "Investment" in any Person means any direct or indirect loan, advance,
guarantee or other extension of credit or capital contribution to (by means of
transfers of cash or other property to others or payments for property or
services for the account or use of others or

                                      -11-
<PAGE>

otherwise), or purchase or acquisition of Capital Stock, bonds, notes,
debentures or other securities or evidence of Indebtedness issued by, any other
Person.

          "Issue Date" means the date on which the Securities are originally
issued.

          "Legal Holiday" means a Saturday, Sunday or other day on which banking
institutions in the State of New York are authorized or required by law to
close.

          "License" means any broadband Personal Communications Services license
issued by the FCC in connection with the operation of a System.

          "License Subsidiary" means any Wholly Owned Restricted Subsidiary of
the Company designated as a License Subsidiary under the Company Credit
Agreement.

          "Lien" means, with respect to any property or assets, any mortgage or
deed of trust, pledge, hypothecation, assignment, security interest, lien,
charge, easement (other than any easement not materially impairing usefulness or
marketability), encumbrance, preference, priority or other security agreement
with respect to such property or assets (including, without limitation, any
conditional sale or other title retention agreement having substantially the
same economic effect as any of the foregoing).

          "liquidated damages" means any liquidated damages payable under a
Registration Agreement.

          "Lucent" means Lucent Technologies Inc., a Delaware corporation.

          "Lucent Note Purchase Agreement" means the Note Purchase Agreement
dated as of October 29, 1999, between TeleCorp Wireless and Lucent, as amended
as of the date of this Indenture.

          "Management Stockholders" means Gerald T. Vento and Thomas H.
Sullivan.

          "Marketing Affiliate" means any Person which engages in no activity
other than the registration, holding, maintenance or protection of trademarks
and the licensing thereof.

          "MTA" means a Major Trading Area, as defined in 47 C.F.R. (S)24.202.

          "Net Available Proceeds" from any Asset Disposition by any Person
means cash or readily marketable Cash Equivalents received (including by way of
sale or discounting of a note, installment receivable or other receivable, but
excluding any other consideration received in the form of assumption by the
acquiror of Indebtedness or other obligations relating to such properties or
assets or received in any other non-cash form) therefrom by such Person,
including any cash received by way of deferred payment or upon the monetization
or other disposition of any non-cash consideration (including notes or other
securities) received in connection with such Asset Disposition, net of

                                      -12-
<PAGE>

          (1) all legal, title and recording tax expenses, commissions and other
     fees and expenses incurred and all federal, state, foreign and local taxes
     accrued as a liability as a consequence of such Asset Disposition;

          (2) all payments made by such Person or any of its Restricted
     Subsidiaries on any Indebtedness which is secured by such assets in
     accordance with the terms of any Lien upon or with respect to such assets
     or which must by the terms of such Lien, or in order to obtain a necessary
     consent to such Asset Disposition or by applicable law, be repaid out of
     the proceeds from such Asset Disposition;

          (3) all payments made with respect to liabilities associated with the
     assets which are the subject of the Asset Disposition, including, without
     limitation, trade payables and other accrued liabilities;

          (4) appropriate amounts to be provided by such Person or any
     Restricted Subsidiary thereof, as the case may be, as a reserve in
     accordance with GAAP against any liabilities associated with such assets
     and retained by such Person or any Restricted Subsidiary thereof, as the
     case may be, after such Asset Disposition, including, without limitation,
     liabilities under any indemnification obligations and severance and other
     employee termination costs associated with such Asset Disposition, until
     such time as such amounts are no longer reserved or such reserve is no
     longer necessary (at which time any remaining amounts will become Net
     Available Proceeds to be allocated in accordance with the provisions of
     clause (a)(3) of Section 4.06); and

          (5) all distributions and other payments made to minority interest
     holders in Restricted Subsidiaries of such Person or joint ventures as a
     result of such Asset Disposition.

          "Net Investment" means the excess of:

          (1) the aggregate amount of all Investments made in any Unrestricted
     Subsidiary or joint venture by the Company or any Restricted Subsidiary on
     or after the date of this Indenture (in the case of an Investment made
     other than in cash, the amount shall be the Fair Market Value of such
     Investment as determined in good faith by the Board of the Company or such
     Restricted Subsidiary); over

          (2) the aggregate amount returned in cash on or with respect to such
     Investments whether through interest payments, principal payments,
     dividends or other distributions or payments; provided, however, that such
                                                   --------  -------
     payments or distributions shall not be (and have not been) included in
     clause (C) of the paragraph (a) of Section 4.04; provided further that,
                                                      -------- -------
     with respect to all Investments made in any Unrestricted Subsidiary or
     joint venture, the amounts referred to in clause (1) above with respect to
     such Investments shall not exceed the aggregate amount of all such
     Investments made in such Unrestricted Subsidiary or joint venture.

          "Offer" means any written offer sent by the Company that is the
subject of an Offer to Purchase.

                                      -13-
<PAGE>

          "Offering Memorandum" means either (i) the preliminary offering
memorandum, dated March 12, 2001 (as supplemented), relating to the sale by the
Initial Purchaser of Securities in an aggregate principal amount of $171.3
million, or, (ii) if made available to prospective purchasers after March 12,
2001, the final offering memorandum relating to such Securities.

          "Offer to Purchase" means an Offer sent by the Company by first class
mail, postage prepaid, to each holder of Securities at such holder's address
appearing in the register for the Securities on the date of the Offer offering
to purchase up to (a) the Accreted Value of the Securities, if such Offer is on
or prior to March 31, 2006, or (b) the principal amount at maturity of the
Securities, if such Offer is after March 31, 2006, specified in such Offer at
the purchase price specified in such Offer (as determined pursuant to this
Indenture).  Unless otherwise required by applicable law, the Offer shall
specify an Expiration Date of the Offer to Purchase which shall be not less than
30 days nor more than 60 days after the date of such Offer and a Purchase Date
for purchase of Securities within five Business Days after the Expiration Date.
The Company shall notify the Trustee at least 15 Business Days (or such shorter
period as is acceptable to the Trustee) prior to the mailing of the Offer of the
Company's obligation to make an Offer to Purchase, and the Offer shall be mailed
by the Company or, at the Company's request, by the Trustee in the name and at
the expense of the Company.  The Offer shall contain all the information
required by applicable law and this Indenture to be included therein.  The Offer
shall contain all instructions and materials necessary to enable holders of
Securities to tender their Securities pursuant to the Offer to Purchase.  The
Offer shall also state:

          (1) the provision of this Indenture pursuant to which the Offer to
     Purchase is being made;

          (2) the Expiration Date and the Purchase Date;

          (3)  the Purchase Amount;

          (4)  the Purchase Price;

          (5) that such holder may tender all or any portion of the Securities
     registered in the name of such holder and that any portion of a Security
     tendered must be tendered in an integral multiple of $1,000 of principal
     amount at maturity;

          (6) the place or places where Securities are to be surrendered for
     tender pursuant to the Offer to Purchase;

          (7) that interest on any Security not tendered or tendered but not
     purchased by the Company pursuant to the Offer to Purchase will continue to
     accrue;

          (8) that on the Purchase Date, the Purchase Price will become due and
     payable upon each Security being accepted for payment pursuant to the Offer
     to Purchase and that interest thereon shall cease to accrue on and after
     the Purchase Date;

          (9) that each holder electing to tender all or any portion of a
     Security pursuant to the Offer to Purchase shall be required to surrender
     such Security at the place or places

                                      -14-
<PAGE>

     specified in the Offer prior to the close of business on the Expiration
     Date (such Security being, if the Company or the Trustee so requires, duly
     endorsed by, or accompanied by a written instrument of transfer in form
     satisfactory to the Company and the Trustee duly executed by, the holder
     thereof or such holder's attorney duly authorized in writing);

          (10) that holders will be entitled to withdraw all or any portion of
     Securities tendered if the Company (or its paying agent) receives, not
     later than the close of business on the fifth Business Day next preceding
     the Expiration Date, a telegram, telex, facsimile transmission or letter
     setting forth the name of the holder, the principal amount of the Security
     the holder tendered, the certificate number of the Security the holder
     tendered and a statement that such holder is withdrawing all or a portion
     of such holder's tender;

          (11) that (a) if Securities in an aggregate principal amount at
     maturity less than or equal to the Purchase Amount are duly tendered and
     not withdrawn pursuant to the Offer to Purchase, the Company shall purchase
     all such Securities and (b) if Securities in an aggregate principal amount
     at maturity in excess of the Purchase Amount are tendered and not withdrawn
     pursuant to the Offer to Purchase, the Company shall purchase Securities
     having an aggregate principal amount at maturity equal to the Purchase
     Amount on a pro rata basis (with such adjustments as may be deemed
     appropriate so that only Securities in denominations of $1,000 of principal
     amount at maturity or integral multiples thereof shall be purchased); and

          (12) that in the case of any holder whose Security is purchased only
     in part, the Company shall execute and the Trustee shall authenticate and
     deliver to the holder of such Security without service charge, a new
     Security or Securities, of any authorized denomination as requested by such
     holder, in an aggregate principal amount at maturity equal to and in
     exchange for the unpurchased portion of the Security so tendered.

An Offer to Purchase shall be governed by and effected in accordance with the
provisions above pertaining to any Offer.

          "Officer" means the Chief Executive Officer, the Executive Vice
President, the Chief Financial Officer, the Chief Operating Officer, the
President, any Vice President, the Treasurer or any Secretary of the Company or
a Subsidiary of the Company, as the case may be.

          "Officers' Certificate" means a certificate signed by two Officers and
delivered to the Trustee.

          "Opinion of Counsel" means a written opinion delivered to the Trustee
from legal counsel who is acceptable to the Trustee.  The counsel may be an
employee of or counsel to the Company or the Trustee.

          "Permitted Asset Swap" means any exchange of assets by the Company or
a Restricted Subsidiary where the Company and/or its Restricted Subsidiaries
receive consideration at least 75% of which consists of (1) cash, (2) assets
that are used or useful in a business carried on by TeleCorp Wireless or Tritel
or their respective Subsidiaries or (3) any combination thereof.

                                      -15-
<PAGE>

          "Permitted Holder" means:

          (1) each of AT&T Wireless, the Cash Equity Investors, the Management
     Stockholders, Digital PCS, L.L.C., Wireless 2000, Inc. and any of their
     respective Affiliates and the respective successors (by merger,
     consolidation, transfer or otherwise) to all or substantially all of the
     respective businesses and assets of any of the foregoing; provided that
                                                               --------
     Triton shall be deemed an Affiliate of AT&T Wireless so long as AT&T
     Wireless owns at least 10% of the equity interests of Triton; and

          (2) any "person" or "group" (as such terms are used in Sections 13(d)
     and 14(d) of the Exchange Act) controlled by one or more persons identified
     in clause (1) above.

          "Permitted Investments" means:

          (1) Investments in Cash Equivalents;

          (2) Investments representing Capital Stock or obligations issued to
     the Company or any Restricted Subsidiary in the course of the good faith
     settlement of claims against any other Person or by reason of a composition
     or readjustment of debt or a reorganization of any debtor of the Company or
     any Restricted Subsidiary;

          (3) deposits including interest-bearing deposits, maintained in the
     ordinary course of business in banks;

          (4) any Investment in any Person; provided, however, that, after
                                            --------  -------
     giving effect to such Investment, such Person is or becomes a Restricted
     Subsidiary or such Person is merged, consolidated or amalgamated with or
     into, or transfers or conveys substantially all of its assets to, or is
     liquidated into, the Company or a Restricted Subsidiary;

          (5) trade receivables and prepaid expenses, in each case arising in
     the ordinary course of business; provided, however, that such receivables
                                      --------  -------
     and prepaid expenses would be recorded as assets of such Person in
     accordance with GAAP;

          (6) endorsements for collection or deposit in the ordinary course of
     business by such Person of bank drafts and similar negotiable instruments
     of such other Person received as payment for ordinary course of business
     trade receivables;

          (7) any interest rate agreements with an unaffiliated Person otherwise
     permitted by clause (5) or (6) of paragraph (a) of Section 4.03;

          (8) Investments received as consideration for an Asset Disposition in
     compliance with the provisions of this Indenture described under Section
     4.06;

          (9) loans or advances to employees of the Company or any Restricted
     Subsidiary in the ordinary course of business in an aggregate amount not to
     exceed $5,000,000 in the aggregate at any one time outstanding;

                                      -16-
<PAGE>

          (10) any Investment acquired by the Company or any of its Restricted
     Subsidiaries as a result of a foreclosure by the Company or any of its
     Restricted Subsidiaries or in connection with the settlement of any
     outstanding Indebtedness or trade payable;

          (11) loans and advances to officers, directors and employees for
     business-related travel expense, moving expense and other similar expenses,
     each incurred in the ordinary course of business;

          (12) other Investments (with each such Investment being valued as of
     the date made and without giving effect to subsequent changes in value) in
     an aggregate amount not to exceed $15,000,000 at any one time outstanding;

          (13) Investments in TeleCorp Wireless or Tritel that are used or
     useful in their respective businesses or the businesses of their respective
     Subsidiaries; and

          (14) advances for working capital to, and for the purchase of assets
     from, Airadigm in accordance with the agreement described in the Offering
     Memorandum in the final paragraph under the heading "Business-Acquisition
     History" or an agreement substantially similar thereto in an aggregate
     amount not to exceed $110 million.

          "Person" means any individual, corporation, limited or general
partnership, joint venture, association, joint stock company, trust,
unincorporated organization or government or any agency or political subdivision
thereof.

          "Plan of Liquidation" means, with respect to any Person, a plan
(including by operation of law) that provides for, contemplates, or the
effectuation of which is preceded or accompanied by (whether or not
substantially contemporaneously):

          (1) the sale, lease, conveyance or other disposition of all or
     substantially all of the assets of such Person; and

          (2) the distribution of all or substantially all of the proceeds of
     such sale, lease, conveyance or other disposition and all or substantially
     all of the remaining assets of such Person to holders of Capital Stock of
     such Person.

          "Preferred Stock," as applied to the Capital Stock of any Person,
means Capital Stock of such Person of any class or classes (however designated)
that ranks prior, as to the payment of dividends or as to the distribution of
assets upon any voluntary or involuntary liquidation, dissolution or winding up
of such Person, to shares of Capital Stock of any other class of such Person.

          "principal" of a Security means the principal of the Security plus the
premium, if any, payable on the Security which is due or overdue or is to become
due at the relevant time.

          "Private Exchange Securities" means, collectively, debt securities of
the Company that are identical in all material respects to the Exchange
Securities, except for transfer restrictions relating to such Private Exchange
Securities, issued by the Company (under the same

                                      -17-
<PAGE>

indenture as the Exchange Securities) simultaneously with the delivery of the
Exchange Securities in the Exchange Offer to any Securityholder that holds any
Securities acquired by it that have, or that are reasonably likely to be
determined to have, the status of an unsold allotment in an initial
distribution, or to any Securityholder that is not entitled to participate in
the Exchange Offer, upon the request of any such holder, in exchange for a like
aggregate principal amount at maturity of Securities held by such holder.

          "Procurement Contract" means the General Agreement for Purchase of
Personal Communication Systems and Services effective as of May 12, 1998 between
TeleCorp Wireless and the Initial Purchaser, as amended.

          "Public Sale" means any underwritten public offering, made on a
primary basis pursuant to a registration statement filed with, and declared
effective by, the Commission in accordance with the Securities Act.

          "Purchase Agreement" means the Securities Purchase Agreement dated as
of April 3, 2001 by and among the Company, Lucent Technologies, Inc. and the
Trustee.

          "Purchase Amount" means the aggregate principal amount at maturity of
the outstanding Securities offered to be purchased by the Company pursuant to
any Offer to Purchase (including, if less than 100%, the manner by which such
amount has been determined pursuant to a specified provision of this Indenture
requiring such Offer to Purchase).

          "Purchase Date" means the settlement date with respect to any Offer to
Purchase.

          "Purchase Money Indebtedness" means any Indebtedness (including,
without limitation, Capital Lease Obligations); provided that the net proceeds
of such Indebtedness are utilized solely for the purpose of financing the cost
(including, without limitation, the cost of design, development, site
acquisition, construction, integration, handset manufacture or acquisition or
microwave relocation) of assets used or usable in the business of the borrower
and its Restricted Subsidiaries (including, without limitation, through the
acquisition of Capital Stock of an entity engaged in the business of the
borrower and its Restricted Subsidiaries).

          "Purchase Price" means, with respect to any Offer to Purchase, the
purchase price or prices to be paid by the Company for each $1,000 aggregate
principal amount at maturity of Securities accepted for payment (as specified
pursuant to this Indenture).

          "Qualified Joint Venture" means any joint venture or other entity in
respect of which not less than 75% of the equity interests and of the voting
power shall be owned by one or more of (a) the Company or its Affiliates, (b)
Thomas H. Sullivan or Gerald T. Vento so long as they collectively hold a
majority of the Voting Stock of the Company at the time the Investment is made,
(c) a principal telecommunications carrier (or an Affiliate of such a carrier)
of the country or international region in which the relevant activities of such
joint venture or other entity are carried on, (d) a principal international
telecommunications carrier (or an affiliate of such a carrier, (e) AT & T
Wireless or its Affiliates, (f) a financial investor that has total assets in
excess of $250,000,000 or (g) an investment fund that has over $250,000,000 of
total assets under management.

                                      -18-
<PAGE>

          "Qualified License" means, as of the date of determination, any
License covering or adjacent to any geographical area in respect of which the
Company or any Restricted Subsidiary owns, as of the Business Day immediately
prior to such date of determination, at least one other License covering a
substantial portion of such area.

          "Qualified Stock" means any Capital Stock of the Company other than
Disqualified Stock.

          "Real Property Subsidiary" means any Wholly Owned Subsidiary of the
Company designated by the Company as a Real Property Subsidiary under the
Company Credit Agreement.

          "Refinance" means refinance, renew, extend, replace or refund; and
"Refinancing" and "Refinanced" have correlative meanings.

          "Refinancing Indebtedness" means Indebtedness that is Incurred to
refund, refinance, replace, renew, repay or extend (including pursuant to any
defeasance or discharge mechanism) any Indebtedness of the Company or any
Restricted Subsidiary existing on the date of this Indenture or Incurred in
compliance with this Indenture (including Indebtedness of the Company that
Refinances Refinancing Indebtedness); provided, however, that:
                                      --------  -------

          (1) the Refinancing Indebtedness has a Stated Maturity no earlier than
     the Stated Maturity of the Indebtedness being Refinanced;

          (2) the Refinancing Indebtedness has an Average Life at the time such
     Refinancing Indebtedness is Incurred that is equal to or greater than the
     Average Life of the Indebtedness being refinanced;

          (3) such Refinancing Indebtedness is Incurred in an aggregate
     principal amount (or if issued with original issue discount, an aggregate
     issue price) that is equal to or less than the aggregate principal amount
     (or if issued with original issue discount, the aggregate accreted value)
     then outstanding of the Indebtedness being Refinanced plus the amount of
     any premium required to be paid in connection with such Refinancing
     pursuant to the terms of the Indebtedness being Refinanced or the amount of
     any premium reasonably determined by the issuer of such Indebtedness as
     necessary to accomplish such Refinancing by means of a tender offer,
     exchange offer or privately negotiated repurchase, plus the expenses of
     such issuer reasonably incurred in connection therewith; and

          (4) if the Indebtedness being Refinanced is pari passu with the
                                                      ----------
     Securities, such Refinancing Indebtedness is made pari passu with, or
                                                       ----------
     subordinate in right of payment to, the Securities, and, if the
     Indebtedness being Refinanced is subordinate in right of payment to the
     Securities, such Refinancing Indebtedness is subordinate in right of
     payment to the Securities on terms no less favorable to the holders of
     Securities than those contained in the Indebtedness being Refinanced;

                                      -19-
<PAGE>

provided further, however, that Refinancing Indebtedness shall not include
----------------  -------

               (A) Indebtedness of a Restricted Subsidiary that Refinances
          Indebtedness of the Company; or

               (B) Indebtedness of the Company or a Restricted Subsidiary that
          Refinances Indebtedness of an Unrestricted Subsidiary.

          "Representative" means the trustee, agent or representative (if any)
for an issue of Senior Indebtedness.

          "Required Holders" means the holders of a majority in Accreted Value
of the outstanding Securities, voting as a single class.

          "Restricted Subsidiary" means any Subsidiary of the Company other than
an Unrestricted Subsidiary.

          "Revocation" has the meaning set forth in Section 4.13.

          "Sale/Leaseback Transaction" means an arrangement relating to property
owned on the date of this Indenture or thereafter acquired by the Company or a
Restricted Subsidiary whereby the Company or a Restricted Subsidiary transfers
such property to a Person and the Company or such Restricted Subsidiary leases
it from such Person, other than leases between the Company and a Wholly Owned
Subsidiary or between Wholly Owned Subsidiaries.

          "Secured Indebtedness" means any Indebtedness of the Company secured
by a Lien.  "Secured Indebtedness" of any Subsidiary Guarantor has a correlative
meaning.

          "Securities Act" means the Securities Act of 1933, as amended.

          "Security" or "Securities" means any Security or Securities issued
under this Indenture, including any Initial Security or Initial Securities or
any Exchange Security or Exchange Securities or any Private Exchange Security or
Private Exchange Securities issued in exchange therefor in connection with an
Exchange Offer undertaken pursuant to the Exchange and Registration Rights
Agreement.

          "Securityholder" or "Holder" means the Person in whose name a Security
is registered on the registrar's books.

          "Senior Indebtedness" of the Company means the principal of, premium
(if any) and accrued and unpaid interest (including interest accruing on or
after the filing of any petition in bankruptcy or for reorganization of the
Company, regardless of whether or not a claim for post-filing interest is
allowed in such proceedings) on, and fees and other amounts owing in respect of
Bank Indebtedness and all other Indebtedness of the Company, including FCC Debt,
whether outstanding on the date of this Indenture or thereafter Incurred, unless
in the instrument creating or evidencing the same or pursuant to which the same
is outstanding it is provided that such obligations are not superior in right of
payment to the Securities; provided, however, that Senior Indebtedness shall not
                           --------  -------
include:

                                      -20-
<PAGE>

          (1) any obligation of the Company to any Subsidiary of the Company;

          (2) any liability for federal, state, local or other taxes owed or
     owing by the Company;

          (3) any accounts payable or other liability to trade creditors arising
     in the ordinary course of business (including guarantees thereof or
     instruments evidencing such liabilities);

          (4) any Indebtedness or obligation of the Company, and any accrued and
     unpaid interest in respect thereof, that by its terms is subordinate or
     junior in any respect to any other Indebtedness or obligation of the
     Company, including any Senior Subordinated Indebtedness of the Company and
     any Subordinated Indebtedness of the Company;

          (5) any obligations with respect to any Capital Stock; or

          (6) any Indebtedness Incurred in violation of this Indenture.
"Senior Indebtedness" of any Subsidiary Guarantor has a correlative meaning.

          "Senior Subordinated Indebtedness" of the Company means the Securities
and any other Indebtedness of the Company that specifically provides that such
Indebtedness is to rank pari passu with the Securities in right of payment and
                        ----------
is not subordinated by its terms in right of payment to any Indebtedness or
other obligation of the Company which is not Senior Indebtedness.  "Senior
Subordinated Indebtedness" of a Subsidiary Guarantor has a correlative meaning.

          "Significant Subsidiary" means any Restricted Subsidiary that would be
a "Significant Subsidiary" of the Company within the meaning of Rule 1-02 under
Regulation S-X promulgated by the Commission; provided that for purposes of
                                              --------
Section 6.01(7) the term "Significant Subsidiary" shall include TeleCorp
Wireless, Tritel and their respective Restricted Subsidiaries.

          "Special Default Release Conditions" means the first to occur of the
following events:  (i) none of the Securities are then held by the Initial
Purchaser or its Affiliates, (ii) the Company shall have acquired from the
Initial Purchaser, as vendor under the Procurement Contract (in such capacity,
the "Vendor"), shall have deployed and shall have paid all amounts to the Vendor
with respect to one mobile switching center and fifty base stations for Iowa
Markets (as defined in the Procurement Contract) and one mobile switching center
and one hundred base stations for Wisconsin Markets (as defined in the
Procurement Contract) and (iii) the Exchange Notes shall have been issued.

          "Special Purpose Subsidiary" means any Equipment Subsidiary, License
Subsidiary or Real Property Subsidiary.

          "Stated Maturity" means, with respect to any security, the date
specified in such security as the fixed date on which the final payment of
principal of such security is due and payable, including pursuant to any
mandatory redemption provision (but excluding any provision

                                      -21-
<PAGE>

providing for the repurchase of such security at the option of the holder
thereof upon the happening of any contingency beyond the control of the issuer
unless such contingency has occurred).

          "Stockholders' Agreement" means the Stockholders' Agreement dated as
of November 13, 2000, among AT&T Wireless, the Cash Equity Investors, the
Management Stockholders and the Company and certain other parties, as such
agreement may be amended from time to time in accordance with the provisions of
such agreement, so long as the terms of any such amendment are no less favorable
to the Securityholders than the terms of the Stockholders' Agreement in effect
on the date of this Indenture.

          "Strategic Equity Investor" means any of the Cash Equity Investors,
any Affiliate thereof, any other Person engaged in a business carried on by
TeleCorp Wireless or Tritel or their respective Subsidiaries whose Total Equity
Market Capitalization exceeds $500,000,000 or any other Person who has at least
$100,000,000 total funds under management and who has issued an irrevocable,
unconditional commitment to purchase Qualified Stock of the Company for an
aggregate purchase price that does not exceed 20% of the value of the funds
under management by such Person.

          "Subordinated Indebtedness" means any Indebtedness of the Company or
any Subsidiary Guarantor (whether outstanding on the date of this Indenture or
thereafter Incurred) which is by its terms expressly subordinate or junior in
right of payment to the Securities or the Subsidiary Guarantee of any such
Subsidiary Guarantor, as the case may be.

          "Subsidiary" of any Person means:

          (1) a corporation more than 50% of the outstanding Voting Stock of
     which is owned, directly or indirectly, by such Person or by one or more
     other Subsidiaries of such Person or by such Person and one or more other
     Subsidiaries thereof; or

          (2) any other Person (other than a corporation) in which such Person,
     or one or more other Subsidiaries of such Person or such Person and one or
     more other Subsidiaries thereof, directly or indirectly, has at least a
     majority ownership and voting power relating to the policies, management
     and affairs thereof.

          "Subsidiary Guarantee" means each guarantee of the obligations with
respect to the Securities issued by a Subsidiary of the Company pursuant to the
terms of this Indenture, each such Subsidiary Guarantee having subordination
provisions equivalent to those contained in this Indenture with respect to the
Securities and being substantially in the form prescribed in this Indenture.

          "Subsidiary Guarantor" means any Subsidiary of the Company that has
issued a Subsidiary Guarantee.

          "System" means, as to any Person, assets constituting a radio
communications system authorized under the rules for wireless communications
services (including any license and the network, marketing, distribution, sales,
customer interface and operations and functions relating thereof) owned and
operated by such Person.

                                      -22-
<PAGE>

          "TeleCorp Wireless" means TeleCorp Wireless, Inc. (formerly known as
TeleCorp PCS, Inc.), a Delaware corporation.

          "TIA" means the Trust Indenture Act of 1939 (15 U.S.C. (S)(S) 77aaa-
                                                          -----
77bbbb) as in effect on the date of this Indenture.

          "Total Assets" means the total assets of the Company, as shown on the
most recent quarterly balance sheet of the Company.

          "Total Consolidated Indebtedness" of any Person means, at any date of
determination, an amount equal to:

          (1) the accreted value of all Indebtedness, in the case of any
     Indebtedness issued with original issue discount; plus

          (2) the principal amount of all Indebtedness, in the case of any other
     Indebtedness, of such Person and its Restricted Subsidiaries outstanding as
     of the date of determination.

          "Total Equity Market Capitalization" of any Person means, as of any
day of determination, the sum of (a) the product of (1) the aggregate number of
outstanding primary shares of common stock of such Person on such day (which
shall not include any options or warrants on, or securities convertible or
exchangeable into, shares of common stock of such Person) multiplied by (2) the
average closing price of such common stock listed on a national securities
exchange or the Nasdaq National Market System over the 20 consecutive Business
Days immediately preceding such day plus (b) the liquidation value of any
outstanding shares of preferred stock of such Person on such day.

          "Total Invested Capital" of any Person means, as of any date of
determination, the sum of, without duplication:

          (1) the total amount of equity contributed to such Person as of the
     date of this Indenture (as set forth on the December 31, 2000 consolidated
     audited balance sheet of such Person); provided, however, that the amount
                                            --------  -------
     of equity with respect to Capital Stock issued subsequent to March 31, 2000
     in exchange for assets that are used or useful in a business carried on by
     TeleCorp Wireless or Tritel or their respective Subsidiaries shall for this
     purpose be the Fair Market Value of such assets; plus

          (2) irrevocable, unconditional commitments from any Strategic Equity
     Investor to purchase Capital Stock of such Person (other than Disqualified
     Stock) within 36 months of the date of issuance of such commitment, but in
     any event not later than the Stated Maturity of the Securities; provided,
                                                                     --------
     however, that such commitments shall exclude commitments related to any
     -------
     Investment in any other Person incorporated, formed or created for the
     purpose of acquiring one or more Qualified Licenses unless such other
     Person shall become a Restricted Subsidiary of such Person; plus

          (3) the aggregate net cash proceeds received by a Person from capital
     contributions or the issuance or sale of Capital Stock of such Person

                                      -23-
<PAGE>

     (other than Disqualified Stock, but including Qualified Stock issued upon
     the conversion of convertible Indebtedness or upon the exercise of options,
     warrants or rights to purchase Qualified Stock) subsequent to the date of
     the balance sheet referred to in clause (1), other than issuances or sales
     of Capital Stock to a Restricted Subsidiary of such Person and other than
     capital contributions from, or issuances or sales of Capital Stock to, any
     Strategic Equity Investor in connection with (a) any Investment in any
     Person incorporated, formed or created for the purpose of acquiring one or
     more Qualified Licenses and (b) any Investment in any Person engaged in a
     business carried on by TeleCorp Wireless or Tritel or their respective
     Subsidiaries, unless, in either case, such Person shall become a Restricted
     Subsidiary; provided, however, such aggregate net cash proceeds shall
                 --------  -------
     exclude any amounts included as commitments to purchase Capital Stock in
     the preceding clause (2); plus

          (4) the Fair Market Value of assets that are used or useful in a
     business carried on by Telecorp Wireless or Tritel or their respective
     Subsidiaries or of the Capital Stock of any other Person engaged in a
     business carried on by Telecorp Wireless or Tritel or their respective
     Subsidiaries received by such Person as a capital contribution or in
     exchange for Capital Stock of such Person (other than Disqualified Stock)
     subsequent to the date of the balance sheet referred to in clause (1),
     other than (x) capital contributions from a Restricted Subsidiary of such
     Person or issuance or sales of Capital Stock of such Person to a Restricted
     Subsidiary of such Person or (y) the proceeds from the sale of Qualified
     Stock to an employee stock ownership plan or other trust established by
     such Person or any of its subsidiaries; plus

          (5) the aggregate net cash proceeds received by such Person or any
     Restricted Subsidiary of such Person from the sale, disposition or
     repayment of any Investment made after the date of the balance sheet
     referred to in clause (1) and constituting a Restricted Payment in an
     amount equal to the lesser of (a) the return of capital with respect to
     such Investment and (b) the initial amount of such Investment, in either
     case, less the cost of the disposition of such Investment; plus

          (6) an amount equal to the consolidated Net Investment of such Person
     and/or any of its Restricted Subsidiaries in any Subsidiary that has been
     designated as an Unrestricted Subsidiary after the date of this Indenture
     upon its redesignation as a Restricted Subsidiary in accordance with
     Section 4.13; plus

          (7) solely with respect to the calculation of the Total Invested
     Capital of TeleCorp Wireless, the cash proceeds from the sale to Lucent of
     the Series A Notes issued under the Lucent Note Purchase Agreement (less
     payments made by the Company or any of its Subsidiaries with respect to
     such Series A Notes (other than payments in the form of additional Series A
     Notes)); plus

          (8) Total Consolidated Indebtedness of such Person; minus

          (9) the aggregate amount of all Restricted Payments (including any
     Designation Amount, but other than a Restricted Payment of the type
     referred to in

                                      -24-
<PAGE>

     clause (3)(b) of paragraph (c) of Section 4.04) declared or made on or
     after the date of this Indenture.

          "Tranche" means all Securities issued hereunder that have the same
stated maturity, interest payment dates and interest rate.

          "Tritel" means Tritel, Inc., a Delaware corporation.

          "Tritel Credit Agreement" means the Amended and Restated Loan
Agreement dated as of March 31, 1999, as amended, among Tritel PCS, Inc.,
Tritel, Toronto-Dominion (Texas), Inc., as administrative agent, and the banks
party thereto.

          "Triton" means Triton PCS, Inc., a Delaware corporation.

          "Trustee" means the party named as such in this Indenture until a
successor replaces it and, thereafter, means the successor.

          "Trust Officer" means any officer within the Corporate Trust Office
including any Vice President, Managing Director, Assistant Vice President,
Secretary, Assistant Secretary, Treasurer or Assistant Treasurer or any other
officer of the Trustee customarily performing functions similar to those
performed by any of the above designated officers and also, with respect to a
particular matter, any other officer to whom such matter is referred because of
such officer's knowledge and familiarity with the particular subject.

          "Uniform Commercial Code" means the New York Uniform Commercial Code
as in effect from time to time.

          "Unrestricted Subsidiary" means (1) TeleCorp Wireless, Tritel and
their respective Subsidiaries; provided, however that with respect to the
                               --------  -------
Designated Covenants (including references to defined terms used in the
Designated Covenants) all references to Restricted Subsidiaries of the Company
shall be deemed to include TeleCorp Wireless, Tritel and their respective
Subsidiaries (other than RW Acquisition, L.L.C. and TeleCorp Acquisition Sub,
L.L.C.), (2) any Subsidiary of the Company and, for purposes of the Designated
Covenants, of TeleCorp Wireless or Tritel (other than, in each case, an
Ineligible Subsidiary) designated after the date of this Indenture as such
pursuant to, and in compliance with, Section 4.13 and (3) any Marketing
Affiliate.  Any such designation of any Subsidiary of the Company and, for the
purposes of the Designated Covenants of TeleCorp Wireless or Tritel, may be
revoked by a resolution of the board of directors of the Company delivered to
the Trustee certifying compliance with Section 4.13, subject to the provisions
of Section 4.13.  Nothing contained herein shall cause TeleCorp Wireless or
Tritel or any of their Subsidiaries to be a Subsidiary Guarantor hereunder.

          "U.S. Government Obligations" means direct obligations (or
certificates representing an ownership interest in such obligations) of the
United States of America (including any agency or instrumentality thereof) for
the payment of which the full faith and credit of the United States of America
is pledged and which are not callable or redeemable at the issuer's option.

                                      -25-
<PAGE>

          "Voting Stock" of any Person means the Capital Stock of such Person
which ordinarily has voting power for the election of directors (or Persons
performing similar functions) of such Person, whether at all times or only so
long as no senior class of securities has such voting power by reason of any
contingency.

          "Wholly Owned Subsidiary" means a Restricted Subsidiary, all of the
outstanding Capital Stock or other ownership interests of which (other than
directors' qualifying shares) shall at the time be owned by the Company and/or
by one or more Wholly Owned Subsidiaries.

          "Wireless Credit Agreement" means the Credit Agreement dated as of
July 17, 1998, as amended, waived or otherwise modified from time to time, among
TeleCorp Wireless, the financial institutions named therein as lenders, The
Chase Manhattan Bank, as Administrative Agent and Issuing Bank, TD Securities
(USA) Inc., as Syndication Agent, and Bankers Trust Company, as Documentation
Agent.

          Section 1.02. Other Definitions.
                        -----------------

<TABLE>
<CAPTION>
Term                                                                         Defined in Section
----                                                                         ------------------
<S>                                                                          <C>
"Blockage Notice".......................................................           10.03
"Change of Control Offer"...............................................            4.08(b)
"covenant defeasance option"............................................            8.01(b)
"cross acceleration provision"..........................................            6.01
"Designation Amount"....................................................            4.13
"Event of Default"......................................................            6.01
"Guaranteed Obligations"................................................           11.01
"judgment default provision"............................................            6.01
"legal defeasance option"...............................................            8.01(b)
"Notice of Default".....................................................            6.01
"pay its guarantee".....................................................           12.03
"pay the Securities"....................................................           10.03
"Paying Agent"..........................................................            2.03
"Payment Blockage Period"...............................................           10.03
"protected purchaser"...................................................            2.07
"Registrar".............................................................            2.03
"Revocation"............................................................            4.13
"Surviving Entity"......................................................            5.01(a)
</TABLE>

          Section 1.03. Incorporation by Reference of Trust Indenture Act. This
                        -------------------------------------------------
Indenture is subject to the mandatory provisions of the TIA, which are
incorporated by reference in and made a part of this Indenture. The following
TIA terms have the following meanings:

          "indenture securities" means the Securities and any Subsidiary
Guarantees.

          "indenture security holder" means a Holder or Securityholder.

          "indenture to be qualified" means this Indenture.

          "indenture trustee" or "institutional trustee" means the Trustee.

                                      -26-
<PAGE>

          "obligor" on the indenture securities means the Company, any
Subsidiary Guarantors and any other obligor on the indenture securities.  All
other TIA terms used in this Indenture that are defined by the TIA, defined by
TIA reference to another statute or defined by SEC rule have the meanings
assigned to them by such definitions.

          Section 1.04. Rules of Construction. Unless the context otherwise
                        ---------------------
requires:

          (1) a term has the meaning assigned to it;

          (2) an accounting term not otherwise defined has the meaning assigned
     to it in accordance with GAAP;

          (3) "or" is not exclusive;

          (4) "including" means including without limitation;

          (5) words in the singular include the plural and words in the plural
     include the singular;

          (6) unsecured Indebtedness shall not be deemed to be subordinate or
     junior to Secured Indebtedness merely by virtue of its nature as unsecured
     Indebtedness;

          (7) the principal amount of any non-interest bearing or other discount
     security at any date shall be the principal amount thereof that would be
     shown on a balance sheet of the issuer dated such date prepared in
     accordance with GAAP;

          (8) the principal amount of any Preferred Stock shall be (i) the
     maximum liquidation value of such Preferred Stock or (ii) the maximum
     mandatory redemption or mandatory repurchase price with respect to such
     Preferred Stock, whichever is greater.

                                   ARTICLE 2

                                 The Securities

          Section 2.01. Initial Securities Issuable in Tranches. The Initial
                        ---------------------------------------
Securities may be issued from time to time in one or more Tranches. Each Tranche
shall be created by an Initial Securities Resolution or one or more indentures
supplemental hereto that establish the terms of the Tranche, which may include
the following:

          (a)  the title of the Tranche;

          (b)  the aggregate principal amount of the Tranche;

          (c)  the interest rate

          (d)  the forms of the Initial Securities, which may be in the form of
               Exhibit A; and

                                      -27-
<PAGE>

          (e)  any terms that may be required by or advisable under U.S. laws.

          Except as specified in an Initial Securities Resolution or one or more
indentures supplemental hereto, all Securities issued hereunder shall have the
same terms and provisions.  All Securities of one Tranche need not be issued at
the same time and additional Initial Securities, Exchange Securities and Private
Exchange Securities of a particular Tranche shall be issuable pursuant to
Section 2.02.

          Section 2.02. Form and Dating. Each Security shall be in one of the
                        ---------------
forms approved from time to time by or pursuant to an Initial Securities
Resolution, or established in one or more indentures supplemental hereto. Any
form of Security approved by or pursuant to an Initial Securities Resolution
must be acceptable as to form to the Trustee, such acceptance to be evidenced by
the Trustee's authentication of Securities in that form or a certificate signed
by a senior officer of the Trustee and delivered to the Company. Provisions
relating to the Initial Securities, the Private Exchange Securities and the
Exchange Securities are set forth in Appendix A , which is hereby incorporated
in and expressly made a part of this Indenture. The (i) Initial Securities and
the Trustee's certificate of authentication and (ii) Private Exchange Securities
and the Trustee's certificate of authentication may each be substantially in the
form of Exhibit A hereto, which is hereby incorporated in and expressly made a
part of this Indenture. The Exchange Securities and the Trustee's certificate of
authentication may each be substantially in the form of Exhibit B hereto, which
is hereby incorporated in and expressly made a part of this Indenture. The
Securities may have notations, legends or endorsements required by law, stock
exchange rule, agreements to which the Company or any Subsidiary Guarantor is
subject, if any, or usage (provided that any such notation, legend or
endorsement is in a form acceptable to the Company). Each Security shall be
dated the date of its authentication. The Securities shall be issuable only in
registered form without interest coupons and only in denominations of $1,000 of
principal amount at maturity and integral multiples thereof.

          Section 2.03. Execution and Authentication. One or more Officers shall
                        ----------------------------
sign the Securities for the Company by manual or facsimile signature. If an
Officer whose signature is on a Security no longer holds that office at the time
the Trustee authenticates the Security, the Security shall be valid
nevertheless.

          A Security shall not be valid until an authorized signatory of the
Trustee manually signs the certificate of authentication on the Security.  The
signature shall be conclusive evidence that the Security has been authenticated
under this Indenture.

          Prior to the delivery of a Security to the Trustee for authentication
in any form approved by or pursuant to an Initial Securities Resolution, the
Company shall deliver to the Trustee the Initial Securities Resolution by or
pursuant to which such form of Security has been approved, which Initial
Securities Resolution shall have attached thereto a true and correct copy of the
form of Security which has been approved thereby and which may be substantially
in the forms set out in Exhibit A or Exhibit B (subject to Section 2.02).

          The Trustee shall authenticate and make available for delivery
Securities for original issue in an aggregate principal amount at maturity of up
to $750 million in accordance with the provisions of this Indenture and
otherwise as set forth in Appendix A.

                                      -28-
<PAGE>

          The Trustee may appoint an authenticating agent reasonably acceptable
to the Company to authenticate the Securities.  Any such appointment shall be
evidenced by an instrument signed by a Trust Officer, a copy of which shall be
furnished to the Company.  Unless limited by the terms of such appointment, an
authenticating agent may authenticate Securities whenever the Trustee may do so.
Each reference in this Indenture to authentication by the Trustee includes
authentication by such agent.  An authenticating agent has the same rights as
any Registrar, Paying Agent or agent for service of notices and demands.

          Section 2.04. Registrar and Paying Agent. The Company shall maintain
                        --------------------------
an office or agency where Securities may be presented for registration of
transfer or for exchange (the "Registrar") and an office or agency where
Securities may be presented for payment (the "Paying Agent"). The Registrar
shall keep a register of the Securities and of their transfer and exchange. The
Company may have one or more co-registrars and one or more additional paying
agents. The term "Paying Agent" includes any additional paying agent, and the
term "Registrar" includes any co-registrars. The Company initially appoints the
Trustee as (i) Registrar and Paying Agent in connection with the Securities and
(ii) the Securities Custodian (as defined in Appendix A) with respect to the
Global Securities (as defined in Appendix A).

          The Company shall enter into an appropriate agency agreement with any
Registrar or Paying Agent not a party to this Indenture, which shall incorporate
the terms of the TIA.  Any such agreement shall implement the provisions of this
Indenture that relate to such agent.  The Company shall notify the Trustee of
the name and address of any such agent.  If the Company fails to maintain a
Registrar or Paying Agent, the Trustee shall act as such and shall be entitled
to appropriate compensation therefor pursuant to Section 7.07.  The Company or
any of its domestically organized Wholly Owned Subsidiaries may act as Registrar
or Paying Agent .

          The Company may remove any Registrar or Paying Agent upon written
notice to such Registrar or Paying Agent and to the Trustee; provided, however,
                                                             --------  -------
that no such removal shall become effective until (1) acceptance of an
appointment by a successor as evidenced by an appropriate agreement entered into
by the Company and such successor Registrar or Paying Agent, as the case may be,
and delivered to the Trustee or (2) notification to the Trustee that the Company
or the Trustee shall serve as Registrar or Paying Agent until the appointment of
a successor in accordance with clause (1) above.  The Registrar or Paying Agent
may resign at any time upon written notice; provided, however, that the Trustee
                                            --------  -------
may resign as Registrar or Paying Agent only if the Trustee also resigns as
Trustee in accordance with Section 7.08.

          Section 2.05. Paying Agent To Hold Money in Trust. Prior to each due
                        -----------------------------------
date of the principal and interest on any Security, the Company shall deposit
with the Paying Agent (or if the Company or a Subsidiary is acting as Paying
Agent, segregate and hold in trust for the benefit of the Persons entitled
thereto) a sum sufficient to pay such principal and interest then so becoming
due. The Company shall require each Paying Agent (other than the Company or the
Trustee) to agree in writing that the Paying Agent shall hold in trust for the
benefit of Securityholders or the Trustee all money held by the Paying Agent for
the payment of principal of or interest on the Securities and shall notify the
Trustee of any default by the Company in making any such payment. If the Company
or a Subsidiary of the Company acts as Paying Agent, it shall segregate the
money held by it as Paying Agent and hold it as a separate trust fund. The
Company at any time may require a Paying Agent to pay all money held by it to
the

                                      -29-
<PAGE>

Trustee and to account for any funds disbursed by the Paying Agent. Upon
complying with this Section, the Paying Agent shall have no further liability
for the money delivered to the Trustee.

          Section 2.06. Securityholder Lists. The Trustee shall preserve in as
                        --------------------
current a form as is reasonably practicable the most recent list available to it
of the names and addresses of Securityholders. If the Trustee is not the
Registrar, the Company shall furnish, or cause the Registrar to furnish, to the
Trustee, in writing at least five Business Days before each interest payment
date and at such other times as the Trustee may request in writing, a list in
such form and as of such date as the Trustee may reasonably require of the names
and addresses of Securityholders.

          Section 2.07. Transfer and Exchange. The Securities shall be issued in
                        ---------------------
registered form and shall be transferable only upon the surrender of a Security
for registration of transfer and in compliance with Appendix A. When a Security
is presented to the Registrar with a request to register a transfer, the
Registrar shall register the transfer as requested if the requirements of
Section 8-401(a)(l) of the Uniform Commercial Code are met. When Securities are
presented to the Registrar with a request to exchange them for an equal
principal amount at maturity of Securities of other denominations, the Registrar
shall make the exchange as requested if the same requirements are met. To permit
registration of transfers and exchanges, the Company shall execute and the
Trustee shall authenticate Securities (in the form of Exhibit A or Exhibit B, as
appropriate) at the Registrar's request. The Company may require payment of a
sum sufficient to pay all taxes, assessments or other governmental charges in
connection with any transfer or exchange pursuant to this Section 2.07. The
Company shall not be required to make and the Registrar need not register
transfers or exchanges of Securities selected for redemption (except, in the
case of Securities to be redeemed in part, the portion thereof not to be
redeemed) or any Securities for a period of 15 days before a selection of
Securities to be redeemed.

          Prior to the due presentation for registration of transfer of any
Security, the Company, any Subsidiary Guarantor, the Trustee, the Paying Agent
and the Registrar may deem and treat the Person in whose name a Security is
registered as the absolute owner of such Security for the purpose of receiving
payment of principal of and interest, if any, on such Security and for all other
purposes whatsoever, whether or not such Security is overdue, and none of the
Company, any Subsidiary Guarantor, the Trustee, the Paying Agent, or the
Registrar shall be affected by notice to the contrary.

          Any Holder of a Global Security shall, by acceptance of such Global
Security, agree that transfers of beneficial interest in such Global Security
may be effected only through a book-entry system maintained by (i) the Holder of
such Global Security (or its agent) or (ii) any Holder of a beneficial interest
in such Global Security, and that ownership of a beneficial interest in such
Global Security shall be required to be reflected in a book entry.

          All Securities issued upon any transfer or exchange pursuant to the
terms of this Indenture will evidence the same debt and will be entitled to the
same benefits under this Indenture as the Securities surrendered upon such
transfer or exchange.

                                      -30-
<PAGE>

          Section 2.08. Replacement Securities. If a mutilated Security is
                        ----------------------
surrendered to the Registrar or if the Holder of a Security claims that the
Security has been lost, destroyed or wrongfully taken, the Company shall issue
and the Trustee shall authenticate a replacement Security if the requirements of
Section 8-405 of the Uniform Commercial Code are met, such that the Holder (i)
satisfies the Company and the Trustee within a reasonable time after such Holder
has notice of such loss, destruction or wrongful taking and the Registrar does
not register a transfer prior to receiving such notification, (ii) makes such
request to the Company or the Trustee prior to the Security being acquired by a
protected purchaser as defined in Section 8-303 of the Uniform Commercial Code
(a "protected purchaser") and (iii) satisfies any other reasonable requirements
of the Trustee. If required by the Company or the Trustee, such Holder shall
furnish an indemnity bond sufficient in the judgment of the Company and the
Trustee to protect the Company, the Trustee, the Paying Agent and the Registrar
from any loss that any of them may suffer if a Security is replaced. The Company
and the Trustee may charge the Holder for their expenses in replacing a
Security. In the event any such mutilated, lost, destroyed or wrongfully taken
Security has become or is about to become due and payable, the Company in its
discretion may pay such Security instead of issuing a new Security in
replacement thereof.

          Every replacement Security is an additional obligation of the Company.

          The provisions of this Section 2.08 are exclusive and shall preclude
(to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, lost, destroyed or wrongfully taken
Securities.

          Section 2.09. Outstanding Securities. Securities outstanding at any
                        ----------------------
time are all Securities authenticated by the Trustee except for those canceled
by it, those delivered to it for cancellation and those described in this
Section 2.09 as not outstanding. Subject to Section 14.06, a Security does not
cease to be outstanding because the Company or an Affiliate of the Company holds
the Security.

          If a Security is replaced pursuant to Section 2.08, it ceases to be
outstanding unless the Trustee and the Company receive proof satisfactory to
them that the replaced Security is held by a protected purchaser.

          If the Paying Agent segregates and holds in trust, in accordance with
this Indenture, on a redemption date or maturity date money sufficient to pay
all principal and interest and liquidated damages payable on that date with
respect to the Securities (or portions thereof) to be redeemed or maturing, as
the case may be, and the Paying Agent is not prohibited from paying such money
to the Securityholders on that date pursuant to the terms of this Indenture,
then on and after that date such Securities (or portions thereof) cease to be
outstanding and interest on them ceases to accrue.

          Section 2.10. Temporary Securities. In the event that Definitive
                        --------------------
Securities (as defined in Appendix A) are to be issued under the terms of this
Indenture, until such Definitive Securities are ready for delivery, the Company
may prepare and the Trustee shall authenticate temporary Securities. Temporary
Securities shall be substantially in the form of Definitive Securities but may
have variations that the Company considers appropriate for temporary Securities.
Without unreasonable delay, the Company shall prepare and the Trustee shall

                                      -31-
<PAGE>

authenticate Definitive Securities and deliver them in exchange for temporary
Securities upon surrender of such temporary Securities at the office or agency
of the Company, without charge to the Holder.

          Section 2.11. Cancellation. The Company at any time may deliver
                        ------------
Securities to the Trustee for cancellation. The Registrar and the Paying Agent
shall forward to the Trustee any Securities surrendered to them for registration
of transfer, exchange or payment. The Trustee and no one else shall cancel all
Securities surrendered for registration of transfer, exchange, payment or
cancellation and deliver canceled Securities to the Company pursuant to written
direction by an Officer. The Company may not issue new Securities to replace
Securities it has redeemed, paid or delivered to the Trustee for cancellation.
The Trustee shall not authenticate Securities in place of canceled Securities
other than pursuant to the terms of this Indenture.

          Section 2.12. Defaulted Interest. If the Company defaults in a payment
                        ------------------
of interest on the Securities, the Company shall pay the defaulted interest
(plus interest on such defaulted interest to the extent lawful) in any lawful
manner. The Company may pay the defaulted interest to the Persons who are
Securityholders on a subsequent special record date. The Company shall fix or
cause to be fixed any such special record date and payment date to the
reasonable satisfaction of the Trustee and shall promptly mail or cause to be
mailed to each Securityholder a notice that states the special record date, the
payment date and the amount of defaulted interest to be paid.

          Section 2.13. CUSIP Numbers. The Company in issuing the Securities may
                        -------------
use CUSIP numbers (if then generally in use) and, if so, the Trustee shall use
CUSIP numbers in notices of redemption solely as a convenience to Holders;
provided, however, that any such notice may state that (i) none of the Company,
any Subsidiary Guarantor, the Trustee or the Paying Agent shall be responsible
for selection or use of such CUSIP numbers, (ii) no representation is made as to
the correctness of such CUSIP numbers either as printed on the Securities or as
contained in any notice of a redemption and (iii) reliance may be placed only on
the other identification numbers printed on the Securities, and any such
redemption shall not be affected by any defect in or omission of such numbers.

                                   ARTICLE 3

                                   Redemption

          Section 3.01. Notices to Trustee. If the Company elects to redeem
                        ------------------
Securities pursuant to paragraph 5 of the Securities, it shall notify the
Trustee in writing of the redemption date and the principal amount at maturity
of Securities to be redeemed.

          The Company shall give each notice to the Trustee provided for in this
Section 3.01 at least 60 days before the redemption date unless the Trustee
consents to a shorter period. Such notice shall be accompanied by an Officers'
Certificate (which Officers' Certificate shall comply with the requirements of
Section 14.04(1) and 14.05) and an Opinion of Counsel (which Opinion of Counsel
shall comply with the requirements of Section 14.04(2) and 14.05) from the
Company to the effect that such redemption will comply with the conditions
herein. If

                                      -32-
<PAGE>

fewer than all the Securities are to be redeemed, the record date relating to
such redemption shall be selected by the Company and given to the Trustee, which
record date shall be not fewer than 15 days after the date of notice to the
Trustee. Any such notice may be canceled at any time prior to notice of such
redemption being mailed to any Holder and shall thereby be void and of no
effect.

          Section 3.02. Selection of Securities To Be Redeemed. If fewer than
                        --------------------------------------
all the Securities are to be redeemed, the Trustee shall select the Securities
to be redeemed pro rata or by lot or by a method that complies with applicable
legal and securities exchange requirements, if any, and that the Trustee in its
sole discretion shall deem to be fair and appropriate and in accordance with
methods generally used at the time of selection by fiduciaries in similar
circumstances; provided that the Trustee shall select for redemption a pro rata
portion of each Tranche of Securities then outstanding. The Trustee shall make
the selection from outstanding Securities not previously called for redemption.
The Trustee may select for redemption portions of the principal amount at
maturity of Securities that have denominations larger than $1,000. Securities
and portions thereof the Trustee selects shall be in amounts of $1,000 of
principal amount at maturity or a whole multiple of $1,000 thereof. Provisions
of this Indenture that apply to Securities called for redemption also apply to
portions of Securities called for redemption. The Trustee shall notify the
Company promptly of the Securities or portions of Securities to be redeemed. For
greater certainty, all Tranches of Securities issued pursuant to this Indenture
shall be treated together for purposes of this Article 3.

          Section 3.03. Notice of Redemption. At least 30 days but not more than
                        --------------------
60 days before a date for redemption of Securities, the Company shall mail a
notice of redemption by first-class mail to each Holder of Securities to be
redeemed at such Holder's registered address.

          The notice shall identify the Securities to be redeemed and shall
state:

          (1) the redemption date;

          (2) the redemption price and the amount of accrued interest to the
     redemption date;

          (3) the name and address of the Paying Agent;

          (4) that Securities called for redemption must be surrendered to the
     Paying Agent to collect the redemption price;

          (5) if fewer than all the outstanding Securities are to be redeemed,
     the certificate numbers of certificated securities and principal amounts at
     maturity of the particular Securities to be redeemed;

          (6) that, unless the Company defaults in making such redemption
     payment or the Paying Agent is prohibited from making such payment pursuant
     to the terms of this Indenture, interest on Securities (or portion thereof)
     called for redemption ceases to accrue on and after the redemption date;

          (7) the CUSIP number, if any, printed on the Securities being
     redeemed; and

                                      -33-
<PAGE>

          (8) that no representation is made as to the correctness or accuracy
     of the CUSIP number, if any, listed in such notice or printed on the
     Securities.

          At the Company's written request, the Trustee shall give the notice of
redemption in the Company's name and at the Company's expense.  In such event,
the Company shall provide the Trustee with the information required by this
Section.

          Section 3.04. Effect of Notice of Redemption. Once notice of
                        ------------------------------
redemption is mailed, Securities called for redemption become due and payable on
the redemption date and at the redemption price stated in the notice. Upon
surrender to the Paying Agent, such Securities shall be paid at the redemption
price stated in the notice, plus accrued interest and liquidated damages, if
any, to the redemption date; provided, however, that if the redemption date is
                             --------  -------
after a regular record date and on or prior to the interest payment date, the
accrued interest shall be payable to the Securityholder of the redeemed
Securities registered on the relevant record date. Failure to give notice or any
defect in the notice to any Holder shall not affect the validity of the notice
to any other Holder.

          Section 3.05. Deposit of Redemption Price. Prior to 10:00 a.m. on the
                        ---------------------------
redemption date, the Company shall deposit with the Paying Agent (or, if the
Company or a Subsidiary is the Paying Agent, shall segregate and hold in trust)
money sufficient to pay the redemption price of and accrued interest and
liquidated damages (if any) on all Securities to be redeemed on that date other
than Securities or portions of Securities called for redemption that have been
delivered by the Company to the Trustee for cancellation. On and after the
redemption date, interest will cease to accrue on Securities or portions thereof
called for redemption so long as the Company has deposited with the Paying Agent
funds sufficient to pay the principal of, plus accrued and unpaid interest and
liquidated damages (if any) on, the Securities to be redeemed.

          Section 3.06. Securities Redeemed in Part. Upon surrender of a
                        ---------------------------
Security that is redeemed in part, the Company shall execute and the Trustee
shall authenticate for the Holder (at the Company's expense) a new Security
equal in principal amount at maturity to the unredeemed portion of the Security
surrendered.

                                   ARTICLE 4

                                    Covenants

          Section 4.01. Payment of Securities. The Company shall promptly pay
                        ---------------------
the principal of and interest on the Securities on the dates and in the manner
provided in the Securities and in this Indenture. Principal and interest shall
be considered paid on the date due if on such date the Trustee or the Paying
Agent holds in accordance with this Indenture money sufficient to pay all
principal and interest then due and the Trustee or the Paying Agent, as the case
may be, is not prohibited from paying such money to the Securityholders on that
date pursuant to the terms of this Indenture.

                                      -34-
<PAGE>

          The Company shall pay interest on overdue principal at the rate
specified therefor in the Securities, and it shall pay interest on overdue
installments of interest at the same rate to the extent lawful.

          Section 4.02. Provision of Financial Information.
                        ----------------------------------

          (a) Whether or not required by the rules and regulations of the
Commission, so long as any Securities are outstanding, the Company shall furnish
to the holders of Securities:

          (1) all quarterly and annual financial information that would be
     required to be contained in a filing with the Commission on Forms 10-Q and
     10-K if the Company were required to file such forms, including a section
     entitled "Management's Discussion and Analysis of Financial Condition and
     Results of Operations" that describes the financial condition and results
     of operations of the Company and its consolidated Subsidiaries and, with
     respect to annual information only, a report thereon by the Company's
     certified independent accountants; and

          (2) all current reports that would be required to be filed with the
     Commission on Form 8-K if the Company were required to file such reports,
     in each case within the time period specified in the Commission's rules and
     regulations.

          (b) Following the consummation of the Exchange Offer contemplated by
the Exchange and Registration Rights Agreement, whether or not required by the
rules and regulations of the Commission, the Company shall file a copy of all
such information and reports specified in Sections 4.02(a)(1) and 4.02(a)(2)
with the Commission for public availability within the time periods specified in
the Commission's rules and regulations (unless the Commission will not accept
such a filing) and make such information available to prospective investors upon
request. In addition, the Company shall, for so long as any Securities remain
outstanding, furnish to the holders of Securities, upon request, the information
required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act.
The Company shall also comply with Section 314(a) of the TIA.

          Section 4.03. Limitation on Incurrence of Indebtedness.
                        ----------------------------------------

          (a) The Company shall not, and shall not cause or permit any
Restricted Subsidiary to, directly or indirectly, Incur any Indebtedness
(including Acquired Indebtedness), except:

          (1) Indebtedness of the Company or any Subsidiary Guarantor if,
     immediately after giving effect to the Incurrence of such Indebtedness and
     the receipt and application of the net proceeds therefrom (including,
     without limitation, the application or use of the net proceeds therefrom to
     repay Indebtedness, consummate an Asset Acquisition or make any Restricted
     Payment):

               (a) the ratio of (x) Total Consolidated Indebtedness to (y)
          Annualized Pro Forma Consolidated Operating Cash Flow would be less
          than: 8.0 to 1.0 if the Indebtedness is to be Incurred prior to April
          15, 2006; or 7.0 to 1.0 if the Indebtedness is to be Incurred on or
          after April 15, 2006; or

                                      -35-
<PAGE>

               (b) in the case of any Incurrence of Indebtedness prior to April
          15, 2006 only, Total Consolidated Indebtedness would be equal to or
          less than 75% of Total Invested Capital of the Company;

          (2) Indebtedness of TeleCorp Wireless and its Restricted Subsidiaries,
     if immediately after giving effect to the Incurrence of such Indebtedness
     and the receipt and application of the net proceeds therefrom (including,
     without limitation, the application or use of the net proceeds therefrom to
     repay Indebtedness, consummate an Asset Acquisition or make any Restricted
     Payment):

               (a) the ratio of (x) Total Consolidated Indebtedness of TeleCorp
          Wireless and its Restricted Subsidiaries to (y) Annualized Pro Forma
          Consolidated Operating Cash Flow of TeleCorp Wireless and its
          Restricted Subsidiaries would be less than: 8.0 to 1.0 if the
          Indebtedness is to be Incurred prior to April 1, 2005; or 6.5 to 1.0
          if the Indebtedness is to be Incurred on or after April 1, 2005; or

               (b) in the case of any Incurrence of Indebtedness prior to April
          1, 2005 only, Total Consolidated Indebtedness would be equal to or
          less than 75% of Total Invested Capital of TeleCorp Wireless;

          (3) Indebtedness of Tritel and its Restricted Subsidiaries, if
     immediately after giving effect to the Incurrence of such Indebtedness and
     the receipt and application of the net proceeds therefrom (including,
     without limitation, the application or use of the net proceeds therefrom to
     repay Indebtedness, consummate an Asset Acquisition or make any Restricted
     Payment):

               (a) the ratio of (x) Total Consolidated Indebtedness of Tritel
          and its Restricted Subsidiaries to (y) Annualized Pro Forma
          Consolidated Operating Cash Flow of Tritel and its Restricted
          Subsidiaries would be less than: 8.0 to 1.0 if the Indebtedness is to
          be Incurred prior to June 30, 2005; or 6.5 to 1.0 if the Indebtedness
          is to be Incurred on or after June 30, 2005; or

               (b) in the case of any Incurrence of Indebtedness prior to June
          30, 2005 only, Total Consolidated Indebtedness of Tritel and its
          Restricted Subsidiaries would be equal to or less than 75% of Total
          Invested Capital of Tritel;

          (4) Bank Indebtedness of

               (a) the Company and its Restricted Subsidiaries (excluding for
          this purpose TeleCorp Wireless and Tritel and their respective
          Subsidiaries);

               (b) TeleCorp Wireless and its Restricted Subsidiaries; and

               (c) Tritel and its Restricted Subsidiaries,

                                      -36-
<PAGE>

     respectively, in each case, in an aggregate principal amount not to exceed
     $1,000,000,000 at any time outstanding;

          (5) Purchase Money Indebtedness of the Company or any of its
     Restricted Subsidiaries;

          (6) Indebtedness owed by the Company to any Restricted Subsidiary or
     Indebtedness owed by a Restricted Subsidiary to the Company or another
     Restricted Subsidiary; provided, however, that, upon either (a) the
                            --------  -------
     transfer or other disposition by such Restricted Subsidiary or the Company
     of any Indebtedness so permitted under this clause (4) to a Person other
     than the Company or another Restricted Subsidiary or (b) the issuance
     (other than of directors' qualifying shares), sale, transfer or other
     disposition of shares of Capital Stock or other ownership interests
     (including by consolidation or merger) of such Restricted Subsidiary to a
     Person other than the Company or another such Restricted Subsidiary, the
     exception provided by this clause (4) shall no longer be applicable to such
     Indebtedness and such Indebtedness shall be deemed to have been Incurred at
     the time of any such issuance, sale, transfer or other disposition, as the
     case may be;

          (7) Indebtedness of the Company or any Restricted Subsidiary under any
     Hedging Agreement to the extent entered into to protect the Company or such
     Restricted Subsidiary from fluctuations in interest rates on any other
     Indebtedness permitted under this Indenture (including the Securities),
     currency exchange rates or commodity prices and not for speculative
     purposes;

          (8) Refinancing Indebtedness Incurred to Refinance any Indebtedness
     Incurred under the prior clause (1), (2), (3) or (5) above, or (15) below,
     the Securities, any Subsidiary Guarantees, Indebtedness existing on the
     date of this Indenture, or any Refinancing Indebtedness in respect of
     Refinancing Indebtedness Incurred pursuant to this clause (8);

          (9) Indebtedness of the Company under the Securities and Indebtedness
     of the Subsidiary Guarantors under the Subsidiary Guarantees, in each case
     Incurred in accordance with this Indenture; provided that the maximum
     principal amount at maturity of Securities issued hereunder in one or more
     Tranches shall not exceed $750 million.

          (10) Capital Lease Obligations of

               (a) the Company and its Restricted Subsidiaries (excluding for
          this purpose TeleCorp Wireless and Tritel and their respective
          Subsidiaries);

               (b) TeleCorp Wireless and its Restricted Subsidiaries; and

               (c) Tritel and its Restricted Subsidiaries;

               (d) respectively, in each case, in an aggregate principal amount
          not in excess of the greater of $50,000,000 or 5.0% of Total Assets at
          any time outstanding;

                                      -37-
<PAGE>

          (11) FCC Debt assumed in connection with any acquisition after the
     date of this Indenture;

          (12) Indebtedness incurred in connection with the acquisition relating
     to Airadigm not in excess of $110,000,000 at any time outstanding;

          (13) Indebtedness of the Company or any Restricted Subsidiary
     consisting of a guarantee of Indebtedness of the Company or a Restricted
     Subsidiary that was permitted to be Incurred by another provision of this
     Section 4.03;

          (14) Indebtedness of the Company or any Restricted Subsidiary in
     respect of statutory obligations, performance, surety or appeal bonds or
     other obligations of a like nature Incurred in the ordinary course of
     business;

          (15) Indebtedness of a Restricted Subsidiary existing at the time such
     Restricted Subsidiary was acquired by the Company (other than Indebtedness
     Incurred in connection with, or in contemplation of, the transaction or
     series of related transactions pursuant to which such Restricted Subsidiary
     was acquired by the Company); provided, however, that on the date such
     Restricted Subsidiary is acquired by the Company, the Company would have
     been able to Incur $1.00 of additional Indebtedness pursuant to clause (1)
     above after giving effect to the Incurrence of such Indebtedness pursuant
     to this clause (15) and the acquisition of such Restricted Subsidiary; and

          (16) Indebtedness of

               (a) the Company and its Restricted Subsidiaries (excluding for
          this purpose TeleCorp Wireless and Tritel and their respective
          Subsidiaries);

               (b) TeleCorp Wireless and its Restricted Subsidiaries; and

               (c) Tritel and its Restricted Subsidiaries;

     respectively, in each case, not otherwise permitted to be Incurred pursuant
     to clauses (1) through (15) above which, together with any other
     outstanding Indebtedness Incurred pursuant to this clause (16),
     respectively, in each case, has an aggregate principal amount not in excess
     of $100,000,000 at any time outstanding;

          provided, however, that upon a merger or consolidation of any or all
          --------  -------
of the Company, TeleCorp Wireless and Tritel, the limits set forth in clauses
(2), (3), (4), (10) and (16), respectively, for the Surviving Entity shall be
equal to the aggregate of the applicable limits for the consolidated or merged
entities.  Without limiting the generality of the foregoing, such Surviving
Entity and its Restricted Subsidiaries shall be permitted to incur Bank
Indebtedness in an aggregate principal amount equal to the sum of the applicable
Bank Indebtedness for the consolidated or merged entities.

          (b) Indebtedness of a Person existing at the time such Person becomes
a Restricted Subsidiary or which is secured by a Lien on an asset acquired by
the Company or a Restricted Subsidiary (whether or not such Indebtedness is
assumed by the acquiring person)

                                      -38-
<PAGE>

shall be deemed Incurred at the time the Person becomes a Restricted Subsidiary
or at the time of the asset acquisition, as the case may be.

          (c) For purposes of determining compliance with this Section 4.03:

          (1) in the event that an item of Indebtedness meets the criteria of
     more than one of the categories of Indebtedness permitted pursuant to
     clauses (1) through (14) above, the Company shall, in its sole discretion,
     be permitted to classify such item of Indebtedness in any manner that
     complies with this Section 4.03 and may from time to time reclassify such
     items of Indebtedness in any manner that would comply with this Section
     4.03 at the time of such reclassification;

          (2) Indebtedness permitted by this Section 4.03 need not be permitted
     solely by reference to one provision permitting such Indebtedness but may
     be permitted in part by one such provision and in part by one or more other
     provisions of this Section 4.03 permitting such Indebtedness;

          (3) in the event that Indebtedness meets the criteria of more than one
     of the types of Indebtedness described in this Section 4.03, the Company,
     in its sole discretion, shall classify such Indebtedness and only be
     required to include the amount of such Indebtedness in one of such clauses;
     and

          (4) accrual of interest (including interest paid-in-kind) and the
     accretion of accreted value shall not be deemed to be an Incurrence of
     Indebtedness for purposes of this Section 4.03.

          (d) Notwithstanding any other provision of this Section 4.03:

          (1) the maximum amount of Indebtedness that the Company or any
     Restricted Subsidiary may Incur pursuant to this Section 4.03 shall not be
     deemed to be exceeded solely as a result of fluctuations in the exchange
     rates of currencies; and

          (2) Indebtedness Incurred pursuant to any of the Credit Agreements
     prior to or on the date of this Indenture shall be treated as Incurred
     pursuant to clause (2) of paragraph (a) of this Section 4.03.

          Section 4.04. Limitation on Restricted Payments.
                        ---------------------------------

          (a) The Company shall not, and shall not cause or permit any
Restricted Subsidiary to, directly or indirectly, on or prior to June 30, 2004;

          (1) declare or pay any dividend, or make any distribution of any kind
     or character (whether in cash, property or securities), in respect of any
     class of Capital Stock of the Company, excluding any dividends or
     distributions payable solely in shares of Qualified Stock of the Company or
     in options, warrants or other rights to acquire Qualified Stock of the
     Company;

                                      -39-
<PAGE>

          (2) purchase, redeem or otherwise acquire or retire for value any
     shares of Capital Stock of the Company, any options, warrants or rights to
     purchase or acquire such shares or any securities convertible or
     exchangeable into such shares (other than any such shares of Capital Stock,
     options, warrants, rights or securities that are owned by the Company or a
     Restricted Subsidiary);

          (3) make any Investment (other than a Permitted Investment) in any
     Person other than the Company, a Restricted Subsidiary or, subject to
     Section 4.15, Qualified Joint Ventures; or

          (4) redeem, defease, repurchase, retire or otherwise acquire or retire
     for value, prior to its scheduled maturity, repayment or any sinking fund
     payment, Subordinated Indebtedness,

each of the transactions described in clauses (1) through (4) (other than any
exception to any such clause) being a "Restricted Payment"; and at any time
after June 30, 2004, the Company shall not, and shall not cause or permit any
Restricted Subsidiary to, directly or indirectly, make a Restricted Payment if,
at the time thereof:

          (A) Default or an Event of Default shall have occurred and be
     continuing at the time of or after giving effect to such Restricted
     Payment;

          (B) immediately after giving effect to such Restricted Payment, the
     Company could not Incur at least $1.00 of additional Indebtedness pursuant
     to clause (1) of Section 4.03; and

          (C) immediately upon giving effect to such Restricted Payment, the
     aggregate amount of all Restricted Payments declared or made on or after
     the date of this Indenture (including any Designation Amount) exceeds the
     sum (without duplication) of:

               (1) the amount of (x) the Consolidated Cash Flow of the Company
          after June 30, 2004, through the end of the latest full fiscal quarter
          for which consolidated financial statements of the Company are
          available preceding the date of such Restricted Payment (treated as a
          single accounting period), less (y) 150% of the cumulative
          Consolidated Interest Expense of the Company after June 30, 2004,
          through the end of the latest full fiscal quarter for which
          consolidated financial statements of the Company are available
          preceding the date of such Restricted Payment (treated as a single
          accounting period); plus

               (2) the aggregate net cash proceeds received by the Company as a
          capital contribution in respect of Qualified Stock or from the
          proceeds of a sale of Qualified Stock made after the date of this
          Indenture (excluding in each case (x) the proceeds from a sale of
          Qualified Stock to a Restricted Subsidiary and (y) the proceeds from a
          sale of Qualified Stock to an employee stock ownership plan or other
          trust established by the Company or any of its Subsidiaries); plus

               (3) the aggregate net cash proceeds received by the Company or
          any Restricted Subsidiary from the sale, disposition or repayment
          (other than to the

                                      -40-
<PAGE>

          Company or a Restricted Subsidiary) of any Investment made after the
          date of this Indenture and constituting a Restricted Payment in an
          amount equal to the lesser of (x) the return of capital with respect
          to such Investment and (y) the initial amount of such Investment, in
          either case, less the cost of disposition of such Investment; plus

               (4) an amount equal to the consolidated Net Investment on the
          date of Revocation made by the Company and/or any Restricted
          Subsidiary in any Subsidiary of the Company that has been designated
          as an Unrestricted Subsidiary after the date of this Indenture upon
          its redesignation as a Restricted Subsidiary in accordance with
          Section 4.13.

          (b) For purposes of:

          (1) the preceding clause (a)(C)(2), the value of the aggregate net
     cash proceeds received by the Company from, or as a capital contribution in
     connection with, the issuance of Qualified Stock either upon the conversion
     of convertible Indebtedness of the Company or any of its Restricted
     Subsidiaries or in exchange for outstanding Indebtedness of the Company or
     any of its Restricted Subsidiaries or upon the exercise of options,
     warrants or rights shall be the net cash proceeds received by the Company
     or any Restricted Subsidiary upon the issuance of such Indebtedness,
     options, warrants or rights plus the incremental amount received by the
     Company or any Restricted Subsidiary upon the conversion, exchange or
     exercise thereof;

          (2) the preceding clause (a)(C)(4), the value of the consolidated Net
     Investment on the date of Revocation shall be equal to the Fair Market
     Value of the aggregate amount of the Company's and/or any Restricted
     Subsidiary's Investments in such Subsidiary of the Company on the
     applicable date of Designation; and

          (3) determining the amount expended for Restricted Payments, cash
     distributed shall be valued at the face amount thereof and property other
     than cash shall be valued at its Fair Market Value on the date such
     Restricted Payment is made by the Company or a Restricted Subsidiary, as
     the case may be.

          (c) The provisions of this Section 4.04 shall not prohibit:

          (1) the payment of any dividend or distribution within 60 days after
     the date of declaration thereof, if at such date of declaration such
     payment would comply with the provisions of this Indenture;

          (2) so long as no Default or Event of Default shall have occurred and
     be continuing, the purchase, redemption, retirement or other acquisition of
     any Capital Stock of the Company out of the net cash proceeds of the
     substantially concurrent capital contribution to the Company in connection
     with Qualified Stock or out of the net cash proceeds received by the
     Company from the substantially concurrent issue or sale (other than to a
     Restricted Subsidiary or to an employee stock ownership plan or other trust
     established by the Company or any of its Subsidiaries) of Qualified Stock;
     provided that any such net cash proceeds shall be excluded from clause
     --------
     (a)(C)(2);

                                      -41-
<PAGE>

          (3) so long as no Default or Event of Default shall have occurred and
     be continuing, the purchase, redemption, retirement, defeasance or other
     acquisition of Subordinated Indebtedness of the Company made by exchange
     for or conversion into, or out of the net cash proceeds received by the
     Company, or out of a capital contribution to the Company in connection with
     a substantially concurrent issue and sale (other than to a Restricted
     Subsidiary) of, (a) Qualified Stock (provided that (x) any such net cash
     proceeds are excluded from clause (a)(C)(2), and (y) such proceeds, if from
     a sale other than a Public Sale, are not applied to optionally redeem
     Securities on or prior to June 30, 2004) or (b) other Subordinated
     Indebtedness of the Company that has an Average Life equal to or greater
     than the Average Life of the Subordinated Indebtedness being purchased,
     redeemed, retired, defeased or otherwise acquired and that is subordinated
     in right of payment to the Securities at least to the same extent as the
     Subordinated Indebtedness being purchased, redeemed, retired, defeased or
     otherwise acquired;

          (4) so long as no Default or Event of Default shall have occurred and
     be continuing, the making of a direct or indirect Investment constituting a
     Restricted Payment in an amount not to exceed the amount of the net cash
     proceeds of capital contributions in respect of Qualified Stock or from the
     issue or sale (other than to a Restricted Subsidiary) of Qualified Stock of
     the Company, in each case made no more than one year prior to the date of
     such investment; provided that (a) any such net cash proceeds are excluded
     from clause (a)(C)(2), and (b) such proceeds, if from a sale other than a
     Public Sale, are not applied to optionally redeem Securities on or prior to
     June 30, 2004;

          (5) so long as no Default or Event of Default has occurred and is
     continuing, the repurchase, redemption, acquisition or retirement for value
     of any Capital Stock of the Company held by any member of management or
     former member of management of the Company or any of its Subsidiaries
     pursuant to any management equity subscription agreement, stock option
     agreement, restricted stock agreement, put agreement or other similar
     agreement; provided that (a) the aggregate amount of such dividends or
     distributions shall not exceed $10,000,000 in any twelve-month period, (b)
     any unused amount in any twelve-month period may be carried forward to one
     or more future twelve-month periods and (c) the aggregate of all unused
     amounts that may be carried forward to any future twelve-month period shall
     not exceed $20,000,000.

          (6) payments or distributions to dissenting stockholders pursuant to
     applicable law in connection with a consolidation, merger or transfer of
     assets that complies with the provisions of this Indenture applicable to
     mergers, consolidations and transfers of all or substantially all of the
     property and assets of the Company;

          (7) the repurchase, redemption or other acquisition or retirement for
     value of the Company's Capital Stock to the extent necessary in the good
     faith judgment of the board of directors of the Company evidenced by a
     board resolution delivered to the Trustee to prevent the loss or secure the
     renewal or reinstatement of any material license or franchise held by the
     Company or any Restricted Subsidiary from any government agency; provided
     that no Capital Stock shall be repurchased, redeemed or otherwise acquired
     from any Permitted Holder pursuant to this clause (7);

                                      -42-
<PAGE>

          (8) the repurchase of Indebtedness subordinated to the Securities at a
     purchase price not greater than 101% of the principal amount thereof (plus
     accrued and unpaid interest) pursuant to a mandatory offer to repurchase
     made upon the occurrence of a Change of Control; provided that the Company
     first make an Offer to Purchase the Securities (and repurchase all tendered
     notes) under this Indenture pursuant to the provisions of Section 4.08 of
     this Indenture; or

          (9) loans to the Management Stockholders to fund the purchase of up to
     10,490 shares of the Company's class E common stock.

          (d) Restricted Payments made pursuant to clauses (1), (5), (6) and (8)
of paragraph (c) shall be included in making the determination of available
amounts under clause (C) of paragraph (a) and Restricted Payments made pursuant
to clauses (2), (3), (7) and (9) of paragraph (c) shall not be included in
making the determination of available amounts under clause (C) of paragraph (a).

          Section 4.05. Limitation on Restrictions Affecting Restricted
                        -----------------------------------------------
Subsidiaries. The Company shall not, and shall not cause or permit any
------------
Restricted Subsidiary to, directly or indirectly, create or otherwise cause or
suffer to exist any consensual encumbrances or restrictions of any kind on the
ability of any Restricted Subsidiary to:

          (1) pay, directly or indirectly, dividends, in cash or otherwise, or
     make any other distributions in respect of its Capital Stock or pay any
     Indebtedness or other obligation owed to the Company or any other
     Restricted Subsidiary;

          (2) make any Investment in the Company or any other Restricted
     Subsidiary; or

          (3) transfer any of its property or assets to the Company or any other
     Restricted Subsidiary,

except for such encumbrances or restrictions existing under or by reason of:

               (A) any agreement in effect on the date of this Indenture as any
          such agreement is in effect on such date;

               (B) any agreement relating to any Indebtedness Incurred by such
          Restricted Subsidiary prior to the date on which such Restricted
          Subsidiary was acquired by the Company and outstanding on such date
          and not Incurred in anticipation or contemplation of becoming a
          Restricted Subsidiary; provided, however, that such encumbrance or
          restriction shall not apply to any property or assets of the Company
          or any Restricted Subsidiary other than such Restricted Subsidiary;

               (C) customary provisions contained in an agreement which has been
          entered into for the sale or disposition of all or substantially all
          of the Capital Stock or assets of a Restricted Subsidiary;

                                      -43-
<PAGE>

provided, however, that such encumbrance or restriction is applicable only to
--------  -------
such Restricted Subsidiary or its property and assets;

               (D) any agreement effecting a Refinancing or amendment of
          Indebtedness Incurred pursuant to any agreement referred to in clause
          (A) or (B) above; provided, however, that the provisions contained in
                            --------  -------
          such Refinancing or amendment agreement relating to such encumbrance
          or restriction are no more restrictive in any material respect than
          the provisions contained in the agreement that is the subject thereof
          in the reasonable judgment of the board of directors of the Company;

               (E) this Indenture;

               (F) applicable law or any applicable rule, regulation or order;

               (G) customary provisions restricting subletting or assignment of
          any lease governing any leasehold interest of any Restricted
          Subsidiary;

               (H) purchase money obligations for property acquired in the
          ordinary course of business that impose restrictions of the type
          referred to in clause (3) of this Section 4.05;

               (I) restrictions of the type referred to in clause (3) of this
          Section 4.05 contained in security agreements securing Indebtedness of
          a Restricted Subsidiary to the extent that such Liens restrict the
          transfer of property subject to such agreements; and

               (J) any agreement entered into by TeleCorp Wireless or Tritel and
          their respective Restricted Subsidiaries after the date of this
          Indenture which in the reasonable judgment of the board of directors
          of the Company does not create a material likelihood that the Company
          will not be able to pay when due all scheduled payments of principal
          and interest at the times and in the manner contemplated by the
          Indenture and the Notes.

          Section 4.06. Limitation on Certain Asset Dispositions.
                        ----------------------------------------

          (a) The Company shall not, and shall not cause or permit any
Restricted Subsidiary (which for purposes of this covenant does not include
TeleCorp Wireless or Tritel or their respective Subsidiaries) to, directly or
indirectly, make any Asset Disposition unless:

          (1) the Company or such Restricted Subsidiary, as the case may be,
     receives consideration for such Asset Disposition at least equal to the
     Fair Market Value of the assets sold or disposed of as determined by the
     board of directors of the Company in good faith and evidenced by a
     resolution of such board of directors filed with the Trustee;

                                      -44-
<PAGE>

          (2) other than in the case of a Permitted Asset Swap, not less than
     75% of the consideration received by the Company or such Restricted
     Subsidiary from the disposition consists of:

               (A) cash or Cash Equivalents;

               (B) the assumption of Indebtedness (other than non-recourse
          Indebtedness or any Subordinated Indebtedness) of the Company or such
          Restricted Subsidiary or other obligations relating to such assets
          (accompanied by an irrevocable and unconditional release of the
          Company or such Restricted Subsidiary from all liability on the
          Indebtedness or other obligations assumed); or

               (C) notes, other obligations or common stock received by the
          Company or such Restricted Subsidiary from such transferee that are
          converted by the Company or such Restricted Subsidiary into cash or
          Cash Equivalents concurrently with the receipt of such notes or other
          obligations (to the extent of the cash actually received by the
          Company); and

          (3) all Net Available Proceeds, less any amounts invested within 365
     days of such Asset Disposition to acquire all or substantially all of the
     assets of, or a majority of the Voting Stock of, an entity primarily
     engaged in a business carried on by TeleCorp Wireless or Tritel or their
     respective Subsidiaries, to make a capital expenditure or to acquire other
     long-term assets that are used or useful in a business carried on by
     TeleCorp Wireless or Tritel or their respective Subsidiaries, are applied,
     on or prior to the 365th day after such Asset Disposition, unless and to
     the extent that the Company shall determine to make an Offer to Purchase,
     to the permanent reduction and prepayment of any Senior Indebtedness of the
     Company then outstanding (including a permanent reduction of the
     commitments in respect thereof).

          (b) Any Net Available Proceeds from any Asset Disposition which is
     subject to the immediately preceding sentence that are not applied as
     provided in the immediately preceding sentence shall be used promptly after
     the expiration of the 365th day after such Asset Disposition (or earlier if
     the Company so elects) to make an Offer to Purchase outstanding Securities
     at a purchase price in cash equal to (A) 100% of the Accreted Value on the
     Purchase Date, if such Purchase Date is after April 15, 2006, and (B) 100%
     of the principal amount at maturity plus accrued and unpaid interest to the
     Purchase Date, if such Purchase Date is after April 15. 2006, provided,
                                                                   --------
     however, that if the Company elects (or is required by the terms of any
     -------
     other Senior Subordinated Indebtedness) an offer may be made ratably to
     purchase the Securities and such other Senior Subordinated Indebtedness.
     Notwithstanding the foregoing, the Company may defer making any Offer to
     Purchase outstanding Securities (and any offer to purchase other Senior
     Subordinated Indebtedness ratably)

                                      -45-
<PAGE>

     until there are aggregate unutilized Net Available Proceeds from Asset
     Dispositions otherwise subject to the two immediately preceding sentences
     equal to or in excess of $15,000,000 (at which time the entire unutilized
     Net Available Proceeds from Asset Dispositions otherwise subject to the two
     immediately preceding sentences, and not just the amount in excess of
     $15,000,000, shall be applied as required pursuant to this paragraph). Any
     remaining Net Available Proceeds following the completion of the required
     Offer to Purchase (and any offer to purchase other Senior Subordinated
     Indebtedness ratably) may be used by the Company for any other purpose
     (subject to the other provisions of this Indenture), and the amount of Net
     Available Proceeds then required to be otherwise applied in accordance with
     this Section 4.06 shall be reset to zero. These provisions shall not apply
     to a transaction consummated in compliance with the provisions of Section
     5.01.

          (c) Pending application as set forth above, the Net Available Proceeds
     of any Asset Disposition may be invested in cash or Cash Equivalents or
     used to reduce temporarily Indebtedness outstanding under any revolving
     credit agreement to which the Company is a party and pursuant to which it
     has Incurred Indebtedness.

          (d) The Company shall comply, to the extent applicable, with the
     requirements of Section 14(e) of the Exchange Act and any other securities
     laws or regulations in connection with the repurchase of Securities
     pursuant to this Section 4.06. To the extent that the provisions of any
     securities laws or regulations conflict with provisions of this Section
     4.06, the Company shall be required to comply with the applicable
     securities laws and regulations and shall not be deemed to have breached
     its obligations under this Section 4.06 by virtue thereof.

          Section 4.07. Limitation on Transactions with Affiliates.
                        ------------------------------------------

          (a) The Company shall not, and shall not cause or permit any
     Restricted Subsidiary to, directly or indirectly, conduct any business or
     enter into, renew or extend any transaction with any of their respective
     Affiliates, including, without limitation, the purchase, sale, lease or
     exchange of property, the rendering of any service or the making of any
     guarantee, loan, advance or Investment, either directly or indirectly,
     unless the terms of such transaction are at least as favorable as the terms
     that could be obtained at such time by the Company or such Restricted
     Subsidiary, as the case may be, in a comparable transaction made on an
     arm's-length basis with a Person that is not such an Affiliate; provided,
                                                                     --------
     however, that:
     -------

          (1) in any transaction involving aggregate consideration in excess of
     $10,000,000, the Company shall deliver an Officers' Certificate to the
     Trustee stating that a majority of the disinterested directors of the board
     of directors of the Company or such Restricted Subsidiary, as the case may
     be, have determined, in their good faith judgment, that the terms of such
     transaction are at least as favorable as the terms that could be obtained
     by the Company or such Restricted Subsidiary, as the case may be, in a
     comparable transaction made on an arms'-length basis between unaffiliated
     parties; and

          (2) if the aggregate consideration is in excess of $25,000,000, the
     Company shall also deliver to the Trustee, prior to the consummation of the
     transaction, the favorable written opinion of a nationally recognized
     accounting, appraisal or investment banking firm as to the fairness of the
     transaction to the holders of the Securities, from a financial point of
     view; provided, however, that the requirements set forth in this clause (2)
           --------  -------
     shall not apply in the case of exchanges of licenses and related assets
     between the Company or any of their Subsidiaries and AT&T Corp. or AT&T
     Wireless Services, Inc. and any of their Subsidiaries so long as the Fair
     Market Value of licenses and related assets exchanged by the Company or any
     of its Subsidiaries shall not exceed $50,000,000.

                                      -46-
<PAGE>

          (b) Notwithstanding the foregoing, the restrictions set forth in this
Section 4.07 shall not apply to:

     (1) transactions between or among the Company and/or any Restricted
Subsidiaries;

     (2) any Restricted Payment or Permitted Investment permitted by Section
4.04;

     (3) directors' fees, indemnification and similar arrangements, officers'
indemnification, employment agreements, employee stock option or employee
benefit plans and employee salaries and bonuses paid or created in the ordinary
course of business;

     (4) any transactions pursuant to agreements existing on the date of this
Indenture and described in the Offering Memorandum on terms substantially
consistent with those set forth in the Offering Memorandum;

     (5) transactions with AT&T Corp. or AT&T Wireless Services, Inc. or any of
their Affiliates relating to the marketing or provision of telecommunication
services or related hardware, software or equipment on terms that are no less
favorable (when taken as a whole) to the Company or such Restricted Subsidiary,
as applicable, than those available from unaffiliated third parties;

     (6) transactions involving the leasing or sharing or other use by the
Company or any Restricted Subsidiary of communications network facilities
(including, without limitation, cable or fiber lines, equipment or transmission
capacity) of any Affiliate of the Company (such Affiliate being a "Related
Party") on terms that are no less favorable (when taken as a whole) to the
Company or such Restricted Subsidiary, as applicable, than those available from
such Related Party to unaffiliated third parties;

     (7) transactions involving the provision of telecommunication services by a
Related Party in the ordinary course of its business to the Company or any
Restricted Subsidiary, or by the Company or any Restricted Subsidiary to a
Related Party, on terms that are no less favorable (when taken as a whole) to
the Company or such Restricted Subsidiary, as applicable, than those available
from such Related Party to unaffiliated third parties;

     (8) any sales agency agreements pursuant to which an Affiliate has the
right to market any or all of the products or services of the Company or any of
the Restricted Subsidiaries;

     (9) transactions involving the sale, transfer or other disposition of any
shares of Capital Stock of any Marketing Affiliate; provided that such Marketing
                                                    --------
Affiliate is not engaged in any activity other than the registration, holding,
maintenance or protection of trademarks and the licensing thereof; and

                                      -47-
<PAGE>

          (10) customary commercial banking, investment banking, underwriting,
     placement agent or financial advisory fees paid in connection with services
     rendered to the Company and its subsidiaries in the ordinary course.

     Section 4.08. Change of Control.
                   -----------------

          (a) Upon the occurrence of a Change of Control, each holder of
Securities shall have the right to require the Company to repurchase all or any
part of such holder's Securities at a purchase price in cash equal to (1) 101%
of the Accreted Value on the Purchase Date, if such date is on or before April
15, 2006, or (2) 101% of the principal amount at maturity, if such date is after
April 15, 2006, plus accrued and unpaid interest, if any, to the Purchase Date
(subject to the right of holders of record on the relevant record date to
receive interest due on the relevant interest payment date).

          (b) Within 30 days following any Change of Control, the Company shall
be required to mail a notice to each holder of Securities, with a copy to the
Trustee (the "Change of Control Offer"), stating that the Company is commencing
an Offer to Purchase all outstanding Securities at a purchase price in cash
equal to (1) 101% of the Accreted Value on the Purchase Date, if such date is on
or before April 15, 2006, or (2) 101% of the principal amount at maturity if
such date is after April 15, 2006, plus accrued and unpaid interest, if any, to
the Purchase Date (subject to the right of holders of record on the relevant
record date to receive interest due on the relevant interest payment date).

          (c) The Company shall not be required to make a Change of Control
Offer upon a Change of Control if a third party makes the Change of Control
Offer in the manner, at the times and otherwise in compliance with the
requirements set forth in this Indenture applicable to a Change of Control Offer
made by the Company. The Company's obligation to make a Change of Control Offer
will be reinstated unless such third party purchases all Securities validly
tendered and not withdrawn under such Change of Control Offer in accordance with
its terms.

          (d) The Company shall be required to comply, to the extent applicable,
with the requirements of Section 14(e) of the Exchange Act and any other
securities laws or regulations in connection with the repurchase of Securities
pursuant to this Section 4.08. To the extent that the provisions of any
securities laws or regulations conflict with provisions of this Section 4.08,
the Company shall be required to comply with the applicable securities laws and
regulations and shall not be deemed to have breached its obligations under this
Section 4.08 by virtue thereof.

          (e) In the event that, at the time of a Change of Control, the terms
of the Bank Indebtedness restrict or prohibit the repurchase of Securities
pursuant to this Section 4.08, then, prior to the mailing of the notice to
holders of Securities as provided in the immediately following paragraph, but in
any event within 30 days following any Change of Control, the Company shall be
required to:

          (1) repay in full all Bank Indebtedness; or

                                      -48-
<PAGE>

          (2) obtain the requisite consent under the agreements governing such
     Bank Indebtedness to permit the repurchase of the Securities as required by
     this Section 4.08.

          (f) Notwithstanding any other provisions in this Section 4.08, the
Company shall not be required to make a Change of Control Offer upon (a) any
merger with or acquisition of TeleCorp Wireless, Tritel and/or Triton by the
Company or any of its wholly-owned Affiliates or wholly-owned Subsidiaries, or
(b) any acquisition of or merger with the Company and/or its Subsidiaries by AT
&T Wireless or any of its wholly-owned Affiliates.

          Section 4.09. Compliance Certificate. The Company shall deliver to the
                        ----------------------
Trustee within 120 days after the end of each fiscal year of the Company an
Officers' Certificate stating that in the course of the performance by the
signers of their duties as Officers of the Company they would normally have
knowledge of any Default and whether or not the signers know of any Default that
occurred during such period. If they do, the certificate shall describe the
Default, its status and what action the Company is taking or proposes to take
with respect thereto. The Company also shall comply with Section 314(a)(4) of
the TIA (including the making of all representations and warranties mandated
thereby).

          Section 4.10. Further Instruments and Acts. Upon request of the
                        ----------------------------
Trustee, the Company shall execute and deliver such further instruments and do
such further acts as may be reasonably necessary or proper to carry out more
effectively the purpose of this Indenture.

          Section 4.11. Future Subsidiary Guarantors. The Company shall cause
                        ----------------------------
each Restricted Subsidiary (excluding any Foreign Subsidiary) that Incurs
Indebtedness to become a Subsidiary Guarantor, and, if applicable, execute and
deliver to the Trustee a supplemental indenture in the form set forth in Exhibit
C pursuant to which such Restricted Subsidiary will guarantee payment of the
Securities; provided that the Company shall not cause any Special Purpose
Subsidiary to become a Subsidiary Guarantor unless such Special Purpose
Subsidiary Incurs Indebtedness other than Indebtedness in respect of the Company
Credit Agreement (or any Refinancing Indebtedness Incurred to Refinance such
Indebtedness) or FCC Debt. Each Subsidiary Guarantee will be limited to an
amount not to exceed the maximum amount that can be guaranteed by that
Restricted Subsidiary without rendering the Subsidiary Guarantee, as it relates
to such Restricted Subsidiary, voidable under applicable law relating to
fraudulent conveyance or fraudulent transfer or similar laws affecting the
rights of creditors generally.

          Section 4.12. [Intentionally Omitted].
                        -----------------------

          Section 4.13. Limitation on Designations of Unrestricted Subsidiaries.
                        -------------------------------------------------------

          (a) The Company may designate any Subsidiary of the Company (other
than an Ineligible Subsidiary) as an "Unrestricted Subsidiary" under this
Indenture (a "Designation") only if:

          (1) no Default or Event of Default shall have occurred and be
     continuing at the time of or after giving effect to such Designation;

          (2) the Company would be permitted under this Indenture to make an
     Investment at the time of Designation (assuming the effectiveness of such
     Designation) in

                                      -49-
<PAGE>

     an amount (the "Designation Amount") equal to the Fair Market Value of the
     aggregate amount of its Investments in such Subsidiary on such date; and

          (3) except in the case of a Subsidiary of the Company in which an
     Investment is being made pursuant to, and as permitted by, paragraph (c) of
     Section 4.04, the Company would be permitted to Incur $1.00 of additional
     Indebtedness pursuant to clause (a)(1) of Section 4.03 at the time of
     Designation (assuming the effectiveness of such Designation).

          (b) In the event of any such Designation, the Company shall be deemed
to have made an Investment constituting a Restricted Payment pursuant to Section
4.04 for all purposes of this Indenture in the Designation Amount.

          (c) The Company may revoke any Designation of a Subsidiary as an
Unrestricted Subsidiary (a "Revocation"), whereupon such Subsidiary shall then
constitute a Restricted Subsidiary, if no Default shall have occurred and be
continuing at the time of and after giving effect to such Revocation. In the
event of any such Revocation, the Company shall be deemed to continue to have a
permanent Investment in an Unrestricted Subsidiary constituting a Restricted
Payment pursuant Section 4.04 for all purposes under this Indenture in an amount
(if positive) equal to:

          (1) the Fair Market Value of the aggregate amount of the Company's
     Investments in such Subsidiary at the time of such Revocation; less

          (2) the portion (proportionate to the Company's equity interest in
     such Subsidiary) of the Fair Market Value of the net assets of such
     Subsidiary at the time of such Revocation.

          (d) All Designations and Revocations must be evidenced by a resolution
     of the board of directors of the Company delivered to the Trustee
     certifying compliance with the foregoing provisions.

          Section 4.14. Limitation on Layered Indebtedness. The Company shall
                        ----------------------------------
not:

          (1) directly or indirectly Incur any Indebtedness that by its terms
     would expressly rank senior in right of payment to the Securities and rank
     subordinate in right of payment to any other Indebtedness of the Company;
     or

          (2) cause or permit any Subsidiary Guarantor to, and no Subsidiary
     Guarantor shall, directly or indirectly, Incur any Indebtedness that by its
     terms would expressly rank senior in right of payment to the Subsidiary
     Guarantee of such Subsidiary Guarantor and rank subordinate in right of
     payment to any other Indebtedness of such Subsidiary Guarantor;

provided that no Indebtedness shall be deemed to be subordinated solely by
--------
virtue of being unsecured.

                                      -50-
<PAGE>

          Section 4.15. Additional Activities. The Company shall not and shall
                        ---------------------
not permit any Restricted Subsidiary to utilize or contribute all or any portion
of the proceeds from the Securities (as determined in the reasonable judgment of
the board of directors of the Company) to any entity or joint venture that is
not a Qualified Joint Venture.

                                   ARTICLE 5

                               Successor Company

          Section 5.01. Merger, Consolidation and Certain Sales of Assets.
                        -------------------------------------------------

          (a) The Company shall not consolidate or merge with or into any
Person, or sell, assign, lease, convey or otherwise dispose of (or cause or
permit any Restricted Subsidiary to consolidate or merge with or into any
Person, or to sell, assign, lease, convey or otherwise dispose of) all or
substantially all of the Company's assets (determined on a consolidated basis
for the Company and the Restricted Subsidiaries), whether as an entirety or
substantially an entirety in one transaction or a series of related
transactions, including by way of liquidation or dissolution, to any Person
unless, in each such case:

          (1) the entity formed by or surviving any such consolidation or merger
     (if other than the Company or such Restricted Subsidiary, as the case may
     be), or to which such sale, assignment, lease, conveyance or other
     disposition shall have been made (the "Surviving Entity"), is a corporation
     organized and existing under the laws of the United States, any state
     thereof or the District of Columbia;

          (2) the Surviving Entity assumes by supplemental indenture all of the
     obligations of the Company on the Securities and under this Indenture;

          (3) immediately after giving effect to such transaction and the use of
     any net proceeds therefrom on a pro forma basis, the Company or the
     Surviving Entity, as the case may be, could Incur at least $1.00 of
     Indebtedness pursuant to clause (1) of Section 4.03; provided, however that
                                                          --------  -------
     this clause (3) shall not apply in the case of a merger between or among
     the Company and any of TeleCorp Wireless, Tritel or Triton;

          (4) immediately after giving effect to such transaction and treating
     any Indebtedness which becomes an obligation of the Company or any of its
     Restricted Subsidiaries as a result of such transactions as having been
     Incurred by the Company or such Restricted Subsidiary, as the case may be,
     at the time of the transaction, no Default or Event of Default shall have
     occurred and be continuing; and

          (5) the Company delivers to the Trustee an Officers' Certificate and
     an Opinion of Counsel, each stating that such merger, consolidation or sale
     of assets and such supplemental indenture, if any, comply with this
     Indenture.

The provisions of this paragraph (a) shall not apply to any merger of a
Restricted Subsidiary with or into the Company or a Wholly Owned Subsidiary, the
release of any Subsidiary Guarantor in accordance with the terms of its
Subsidiary Guarantee and this Indenture in connection with any

                                      -51-
<PAGE>

transaction complying with the provisions of Section 4.06, or any acquisition by
merger or otherwise of TeleCorp Wireless, Tritel and/or Triton by the Company or
its Wholly Owned Subsidiaries.

The Company shall not permit any Subsidiary Guarantor to consolidate or merge
with or into any Person, or sell, assign, lease, convey or otherwise dispose of
all or substantially all of such Subsidiary Guarantor's assets, whether as an
entirety or substantially an entirety in one transaction or a series of related
transactions, including by way of liquidation or dissolution, to any Person
unless, in each such case:

          (1) the entity formed by or surviving any such consolidation or merger
     (if other than such Subsidiary Guarantor), or to which such sale,
     assignment, lease, conveyance or other disposition shall have been made, is
     a corporation organized and existing under the laws of the United States,
     any state thereof or the District of Columbia;

          (2) such corporation assumes by supplemental indenture all of the
     obligations of the Subsidiary Guarantor, if any, under its Subsidiary
     Guarantee;

          (3) immediately after giving effect to such transaction and treating
     any Indebtedness which becomes an obligation of such Subsidiary Guarantor
     as a result of such transactions as having been Incurred by such Subsidiary
     Guarantor at the time of the transaction, no Default or Event of Default
     shall have occurred and be continuing; and

          (4) the Company delivers to the Trustee an Officers' Certificate and
     an Opinion of Counsel, each stating that such merger, consolidation or sale
     of assets and such supplemental indenture, if any, comply with this
     Indenture.

                                   ARTICLE 6

                              Defaults and Remedies

          Section 6.01. Events of Default. An Event of Default occurs under this
                        -----------------
Indenture if:

          (1) the Company defaults in any payment of interest on any Security
     when due and payable, whether or not such payment shall be prohibited by
     Article 10, continued for 30 days;

          (2) the Company defaults in the payment of the Accreted Value or
     principal of any Security when due and payable at its Stated Maturity, upon
     required redemption or repurchase, upon declaration or otherwise, whether
     or not such payment shall be prohibited by Article 10;

          (3) the Company fails to comply with its obligations under Section
     5.01;

          (4) the Company fails to comply for 30 days after notice with any of
     its obligations under Section 4.02, 4.03, 4.04, 4.05, 4.06, 4.07, 4.08,
     4.11, 4.13, 4.14 or 4.15

                                      -52-
<PAGE>

     (in each case, other than a failure to purchase Securities when required
     under Section 4.06 or 4.08);

          (5) the Company fails to comply for 60 days after notice with its
     other agreements contained in this Indenture or the Securities (other than
     those referred to in clause (1), (2), (3) or (4) above;

          (6) the Company or any Significant Subsidiary fails to pay any
     Indebtedness within any applicable grace period after final maturity or the
     acceleration of any such Indebtedness by the holders thereof because of a
     default if the total amount of such Indebtedness unpaid or accelerated
     exceeds $15,000,000 or its foreign currency equivalent (the "cross
     acceleration provision") and such failure continues for 10 days after
     receipt of the notice specified below;

          (7) the Company or any Significant Subsidiary pursuant to or within
     the meaning of any Bankruptcy Law:

               (A) commences a voluntary case;

               (B) consents to the entry of an order for relief against it in an
          involuntary case;

               (C) consents to the appointment of a Custodian of it or for any
          substantial part of its property; or

               (D) makes a general assignment for the benefit of its creditors
          or takes any comparable action under any foreign laws relating to
          insolvency;

          (8) a court of competent jurisdiction renders a final judgment or
     decree (not subject to appeal) for the payment of money in excess of
     $15,000,000 or its foreign currency equivalent at the time it is entered
     against the Company or a Significant Subsidiary and such judgment or decree
     is not discharged, waived or stayed if:

               (A) an enforcement proceeding thereon is commenced by any
          creditor; or

               (B) such judgment or decree remains outstanding for a period of
          60 days following such judgment and is not discharged, waived or
          stayed (the "judgment default provision");

          (9) any Subsidiary Guarantee ceases to be in full force and effect
     (except as contemplated by the terms thereof) or any Subsidiary Guarantor
     or Person acting by or on behalf of such Subsidiary Guarantor denies or
     disaffirms such Subsidiary Guarantor's obligations under this Indenture or
     any Subsidiary Guarantee and such Default continues for 10 days after
     receipt of the notice specified below; or

          (10) at any time prior to the occurrence of any of the Special Default
     Release Conditions, the Company shall be in default of or shall breach any
     of its obligations

                                      -53-
<PAGE>

     under the Procurement Contract and as a result thereof the Procurement
     Contract shall have terminated or been terminated; provided that the
                                                        --------
     Company shall have been given any notice of such default or breach as
     required under the Procurement Contract and any cure period thereunder
     shall have expired.

          The foregoing shall constitute Events of Default whatever the reason
for any such Event of Default and whether it is voluntary or involuntary or is
effected by operation of law or pursuant to any judgment, decree or order of any
court or any order, rule or regulation of any administrative or governmental
body.

          A Default under clause (4), (5), (6) or (8) shall not constitute an
Event of Default until the Trustee or the holders of at least 25% in Accreted
Value of the outstanding Securities, voting as a single class, notify the
Company of the Default and the Company does not cure such Default within the
time specified in clauses (4), (5), (6)  or (8) after receipt of such notice.
Such notice must specify the Default, demand that it be remedied and state that
such notice is a "Notice of Default".

          Section 6.02. Acceleration. If an Event of Default (other than an
                        ------------
Event of Default specified in clause (7) of Section 6.01 with respect to the
Company) occurs and is continuing, the Trustee by notice to the Company, or the
Holders of at least 25% in Accreted Value of the outstanding Securities, voting
as a single class, by notice to the Company, may declare the principal of and
accrued but unpaid interest on all the Securities to be due and payable. Upon
such a declaration, such principal and interest shall be due and payable
immediately. If an Event of Default specified in clause (7) of Section 6.01 with
respect to the Company occurs, the principal of and interest on all the
Securities shall ipso facto become and be immediately due and payable without
                 ---- -----
any declaration or other act on the part of the Trustee or any Securityholders.
The Required Holders by notice to the Trustee may rescind an acceleration and
its consequences if the rescission would not conflict with any judgment or
decree and if all existing Events of Default have been cured or waived except
nonpayment of principal or interest that has become due solely because of
acceleration. No such rescission shall affect any subsequent Default or impair
any right consequent thereto. Prior to April 15, 2006, the portion of principal
of all Securities that is declared and otherwise due and payable pursuant to
this Section 6.02 shall be the Accreted Value of such Securities as of the date
of declaration.

          Section 6.03. Other Remedies. If an Event of Default occurs and is
                        --------------
continuing, the Trustee may pursue any available remedy to collect the payment
of principal of or interest on the Securities or to enforce the performance of
any provision of the Securities or this Indenture.

          The Trustee may maintain a proceeding even if it does not possess any
of the Securities or does not produce any of them in the proceeding.  A delay or
omission by the Trustee or any Securityholder in exercising any right or remedy
accruing upon an Event of Default shall not impair the right or remedy or
constitute a waiver of or acquiescence in the Event of Default.  No remedy is
exclusive of any other remedy.  All available remedies are cumulative.

          Section 6.04. Waiver of Past Defaults. The Required Holders by notice
                        -----------------------
to the Trustee may waive an existing Default and its consequences except (i) a
Default in the payment

                                      -54-
<PAGE>

of the Accreted Value of, principal amount at maturity of, or interest on a
Security or (ii) a Default arising from the failure to redeem or purchase any
Security when required pursuant to the terms of this Indenture or (iii) a
Default in respect of a provision that under Section 9.02 cannot be amended
without the consent of each Securityholder affected. When a Default is waived,
it is deemed cured, but no such waiver shall extend to any subsequent or other
Default or impair any consequent right.

          Section 6.05. Control by Majority. The Required Holders may direct the
                        -------------------
time, method and place of conducting any proceeding for any remedy available to
the Trustee or of exercising any trust or power conferred on the Trustee.
However, the Trustee may refuse to follow any direction that conflicts with law
or this Indenture or, subject to Section 7.01, that the Trustee determines is
unduly prejudicial to the rights of other Securityholders or would involve the
Trustee in personal liability; provided, however, that the Trustee may take any
                               --------  -------
other action deemed proper by the Trustee that is not inconsistent with such
direction. Prior to taking any action hereunder, the Trustee shall be entitled
to indemnification satisfactory to it in its sole discretion against all losses
and expenses caused by taking or not taking such action.

          Section 6.06. Limitation on Suits. Except to enforce the right to
                        -------------------
receive payment of principal, premium (if any) or interest when due, no
Securityholder may pursue any remedy with respect to this Indenture or the
Securities unless:

          (1) the Holder gives to the Trustee written notice stating that an
     Event of Default is continuing;

          (2) the Holders of at least 25% in Accreted Value of the outstanding
     Securities, voting as a single class, make a written request to the Trustee
     to pursue the remedy;

          (3) such Holder or Holders offer to the Trustee security or indemnity
     reasonably satisfactory to the Trustee against any loss, liability or
     expense;

          (4) the Trustee does not comply with the request within 60 days after
     receipt of the request and the offer of security or indemnity; and

          (5) the Required Holders do not give the Trustee a direction
     inconsistent with the request during such 60-day period.

          A Securityholder may not use this Indenture to prejudice the rights of
another Securityholder or to obtain a preference or priority over another
Securityholder.

          Section 6.07. Rights of Holders To Receive Payment. Notwithstanding
                        ------------------------------------
any other provision of this Indenture, the right of any Holder to receive
payment of principal of and liquidated damages and interest on the Securities
held by such Holder, on or after the respective due dates expressed in the
Securities, or to bring suit for the enforcement of any such payment on or after
such respective dates, shall not be impaired or affected without the consent of
such Holder.

                                      -55-
<PAGE>

          Section 6.08. Collection Suit by Trustee. If an Event of Default
                        --------------------------
specified in clause (1) or (2) of Section 6.01 occurs and is continuing, the
Trustee may recover judgment in its own name and as trustee of an express trust
against the Company for the whole amount then due and owing (together with
interest on any unpaid interest to the extent lawful) and the amounts provided
for in Section 7.07.

          Section 6.09. Trustee May File Proofs of Claim. The Trustee may file
                        --------------------------------
such proofs of claim and other papers or documents as may be necessary or
advisable in order to have the claims of the Trustee and the Securityholders
allowed in any judicial proceedings relative to the Company, any Subsidiary or
Subsidiary Guarantor, their creditors or their property and, unless prohibited
by law or applicable regulations, may vote on behalf of the Holders in any
election of a trustee in bankruptcy or other Person performing similar
functions, and any Custodian in any such judicial proceeding is hereby
authorized by each Holder to make payments to the Trustee and, in the event that
the Trustee shall consent to the making of such payments directly to the
Holders, to pay to the Trustee any amount due it for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents
and its counsel, and any other amounts due the Trustee under Section 7.07.

          Section 6.10. Priorities. If the Trustee collects any money or
                        ----------
property pursuant to this Article 6, it shall pay out the money or property in
the following order:

          FIRST: to the Trustee for amounts due under Section 7.07;

          SECOND: to holders of Senior Indebtedness of the Company to the extent
required by Article 10;

          THIRD: to Securityholders for amounts due and unpaid on the Securities
for principal and interest, ratably, and any liquidated damages without
preference or priority of any kind, according to the amounts due and payable on
the Securities for principal, any liquidated damages and interest, respectively;
and

          FOURTH: to the Company.

          The Trustee may fix a record date and payment date for any payment to
Securityholders pursuant to this Section.  At least 15 days before such record
date, the Trustee shall mail to each Securityholder and the Company a notice
that states the record date, the payment date and amount to be paid.

          Section 6.11. Undertaking for Costs. In any suit for the enforcement
                        ---------------------
of any right or remedy under this Indenture or in any suit against the Trustee
for any action taken or omitted by it as Trustee, a court in its discretion may
require the filing by any party litigant in the suit of an undertaking to pay
the costs of the suit, and the court in its discretion may assess reasonable
costs, including reasonable attorneys' fees, against any party litigant in the
suit, having due regard to the merits and good faith of the claims or defenses
made by the party litigant. This Section 6.11 does not apply to a suit by the
Trustee, a suit by a Holder pursuant to Section 6.07 or a suit by Holders of
more than 10% in aggregate principal amount at maturity of the Securities.

                                      -56-
<PAGE>

          Section 6.12. Waiver of Stay or Extension Laws. Neither the Company
                        --------------------------------
nor any Subsidiary Guarantor (to the extent it may lawfully do so) shall at any
time insist upon, or plead, or in any manner whatsoever claim or take the
benefit or advantage of, any stay or extension law wherever enacted, now or at
any time hereafter in force, which may affect the covenants or the performance
of this Indenture; and the Company and each Subsidiary Guarantor (to the extent
that it may lawfully do so) hereby expressly waives all benefit or advantage of
any such law, and shall not hinder, delay or impede the execution of any power
herein granted to the Trustee, but shall suffer and permit the execution of
every such power as though no such law had been enacted.

                                   ARTICLE 7

                                    Trustee

          Section 7.01. Duties of Trustee.
                        -----------------

          (a) If an Event of Default has occurred and is continuing, the Trustee
shall exercise the rights and powers vested in it by this Indenture and use the
same degree of care and skill in their exercise as a prudent Person would
exercise or use under the circumstances in the conduct of such Person's own
affairs.

          (b) Except during the continuance of an Event of Default:

          (1) the Trustee undertakes to perform such duties and only such duties
     as are specifically set forth in this Indenture and no implied covenants or
     obligations shall be read into this Indenture against the Trustee; and

          (2) in the absence of bad faith on its part, the Trustee may
     conclusively rely, as to the truth of the statements and the correctness of
     the opinions expressed therein, upon certificates or opinions furnished to
     the Trustee and conforming to the requirements of this Indenture. However,
     the Trustee shall examine the certificates and opinions to determine
     whether or not they conform to the requirements of this Indenture.

          (c) The Trustee may not be relieved from liability for its own
     negligent action, its own negligent failure to act or its own willful
     misconduct, except that:

          (1) this paragraph does not limit the effect of paragraph (b) of this
     Section;

          (2) the Trustee shall not be liable for any error of judgment made in
     good faith by a Trust Officer unless it is proved that the Trustee was
     negligent in ascertaining the pertinent facts; and

          (3) the Trustee shall not be liable with respect to any action it
     takes or omits to take in good faith in accordance with a direction
     received by it pursuant to Section 6.05.

                                      -57-
<PAGE>

          (d) Every provision of this Indenture that in any way relates to the
     Trustee is subject to paragraphs (a), (b) and (c) of this Section 7.01.

          (e) The Trustee shall not be liable for interest on any money received
     by it except as the Trustee may agree in writing with the Company.

          (f) Money held in trust by the Trustee need not be segregated from
     other funds except to the extent required by law.

          (g) No provision of this Indenture shall require the Trustee to expend
     or risk its own funds or otherwise incur financial liability in the
     performance of any of its duties hereunder or in the exercise of any of its
     rights or powers, if it shall have reasonable grounds to believe that
     repayment of such funds or adequate indemnity against such risk or
     liability is not reasonably assured to it.

          (h) Every provision of this Indenture relating to the conduct or
     affecting the liability of or affording protection to the Trustee shall be
     subject to the provisions of this Section 7.01 and to the provisions of the
     TIA.

          Section 7.02. Rights of Trustee.
                        -----------------

          (a) The Trustee may conclusively rely and shall be fully protected in
     acting or refraining from acting upon any resolution, certificate,
     statement, instrument, opinion, report, notice, request, direction,
     consent, order, bond, debenture or other paper or document believed to be
     genuine and to have been signed or presented by the proper party or
     parties.

          (b) Before the Trustee acts or refrains from acting, it may require an
     Officers' Certificate or an Opinion of Counsel. The Trustee shall not be
     liable for any action it takes or omits to take in good faith in reliance
     on the Officers' Certificate or Opinion of Counsel.

          (c) The Trustee may execute any of the trusts or powers hereunder or
     perform any duties hereunder either directly or by or through, agents,
     attorneys, custodians or nominees and the Trustee shall not be responsible
     for any misconduct or negligence on the part of any agent, attorney,
     custodian or nominee appointed with due care by it hereunder.

          (d) The Trustee shall not be liable for any action it takes or omits
     to take in good faith which it believes to be authorized or within its
     rights or powers; provided, however, that the Trustee's conduct does not
                       --------  -------
     constitute willful misconduct or negligence.

          (e) The Trustee may consult with counsel, and the advice or opinion of
     counsel with respect to legal matters relating to this Indenture and the
     Securities shall be full and complete authorization and protection from
     liability in respect to any action taken, omitted or suffered by it
     hereunder in good faith and in accordance with the advice or opinion of
     such counsel.

          (f) The Trustee shall not be bound to make any investigation into the
     facts or matters stated in any resolution, certificate, statement,
     instrument, opinion, report, notice, request, consent, order, approval,
     bond, debenture, note or other paper or document unless

                                      -58-
<PAGE>

     requested in writing to do so by the Required Holders, but the Trustee, in
     its discretion, may make such further inquiry or investigation into such
     facts or matters as it may see fit, and, if the Trustee shall determine to
     make such further inquiry or investigation, it shall be entitled to examine
     the books, records and premises of the Company, personally or by agent or
     attorney.

          (g) The Trustee shall not be accountable for the use by the Company of
     the proceeds of the Securities.

          Section 7.03. Individual Rights of Trustee. The Trustee in its
                        ----------------------------
individual or any other capacity may become the owner or pledgee of Securities
and may otherwise deal with the Company or its Affiliates with the same rights
it would have if it were not Trustee. Any Paying Agent, Registrar or co-paying
agent may do the same with like rights. However, the Trustee must comply with
Sections 7.10 and 7.11.

          Section 7.04. Trustee's Disclaimer. The Trustee shall not be
                        --------------------
responsible for and makes no representation as to the validity or adequacy of
this Indenture or the Securities, it shall not be accountable for the Company's
use of the proceeds from the Securities, and it shall not be responsible for any
statement of the Company in this Indenture or in any document issued in
connection with the sale of the Securities or in the Securities other than the
Trustee's certificate of authentication.

          Section 7.05. Notice of Defaults. If a Default occurs and is
                        ------------------
continuing and if it is actually known to a Trust Officer, the Trustee shall
mail to each Securityholder notice of the Default within the earlier of 90 days
after it occurs or 30 days after it actually becomes known to a Trust Officer.
Except in the case of a Default in payment of principal of or interest on any
Security (including payments pursuant to the mandatory redemption provisions of
such Security, if any), the Trustee may withhold the notice if and so long as a
committee of its Trust Officers in good faith determines that withholding the
notice is in the interests of Securityholders.

          Section 7.06. Reports by Trustee to Holders. As promptly as
                        -----------------------------
practicable after each May 15 beginning with the May 15 following the date of
this Indenture, and in any event prior to July 15 in each year, the Trustee
shall mail to each Securityholder a brief report dated as of July 15 that
complies with Section 313(a) of the TIA. The Trustee shall also comply with
Section 313(b) of the TIA.

          A copy of each report at the time of its mailing to Securityholders
shall be filed with the Commission and each stock exchange (if any) on which the
Securities are listed.  The Company agrees to notify promptly the Trustee in
writing whenever the Securities become listed on any stock exchange and of any
delisting thereof.

          Section 7.07. Compensation and Indemnity. The Company shall pay to the
                        --------------------------
Trustee from time to time reasonable compensation for its services. The
Trustee's compensation shall not be limited by any law on compensation of a
trustee of an express trust. The Company shall reimburse the Trustee upon
request for all reasonable out-of-pocket expenses incurred or made by it,
including costs of collection, in addition to the compensation for its services.
Such expenses shall include the reasonable compensation and expenses,
disbursements and advances of the Trustee's agents, counsel, accountants and
experts. The Company and each Subsidiary

                                      -59-
<PAGE>

Guarantor, jointly and severally shall indemnify the Trustee, its directors,
officers, employees and agents against any and all loss, liability or expense
(including reasonable attorneys' fees and expenses) incurred by or in connection
with the administration of this trust and the performance of its duties
hereunder. The Trustee shall notify the Company of any claim for which it may
seek indemnity promptly upon obtaining actual knowledge thereof; provided,
                                                                 --------
however, that any failure so to notify the Company shall not relieve the Company
-------
or any Subsidiary Guarantor of its indemnity obligations hereunder. The Company
shall defend the claim and the indemnified party shall provide reasonable
cooperation at the Company's expense in the defense. Such indemnified parties
may have separate counsel and the Company and the Subsidiary Guarantors, as
applicable shall pay the fees and expenses of such counsel; provided, however,
                                                            --------  -------
that the Company shall not be required to pay such fees and expenses if it
assumes such indemnified parties' defense and, in such indemnified parties'
reasonable judgment, there is no conflict of interest between the Company and
the Subsidiary Guarantor, as applicable, and such parties in connection with
such defense. The Company need not reimburse any expense or indemnify against
any loss, liability or expense incurred by an indemnified party through such
party's own willful misconduct, negligence or bad faith.

          To secure the Company's payment obligations in this Section 7.07, the
Trustee shall have a lien prior to the Securities on all money or property held
or collected by the Trustee other than money or property held in trust to pay
principal of and interest and any liquidated damages on particular Securities.

          The Company's payment obligations pursuant to this Section 7.07 shall
survive the satisfaction or discharge of this Indenture, any rejection or
termination of this Indenture under any Bankruptcy Law or the resignation or
removal of the Trustee.  When the Trustee incurs expenses after the occurrence
of a Default specified in clause (7) or (8) of Section 6.01 with respect to the
Company, the expenses are intended to constitute expenses of administration
under the Bankruptcy Law.

          Section 7.08. Replacement of Trustee. The Trustee may resign at any
                        ----------------------
time by so notifying the Company. The Required Holders may remove the Trustee by
so notifying the Trustee and may appoint a successor Trustee. The Company shall
remove the Trustee if:

          (1) the Trustee fails to comply with Section 7.10;

          (2) the Trustee is adjudged bankrupt or insolvent;

          (3) a receiver or other public officer takes charge of the Trustee or
     its property;

          (4) the Trustee otherwise becomes incapable of acting; or

          (5) the Trustee increases its fees (exclusive of fees for
     extraordinary services) by more than 10% in any twelve month period.

          If the Trustee resigns, is removed by the Company or by the Required
Holders and such Required Holders do not reasonably promptly appoint a successor
Trustee, or if a

                                      -60-
<PAGE>

vacancy exists in the office of Trustee for any reason (the Trustee in such
event being referred to herein as the retiring Trustee), the Company shall
promptly appoint a successor Trustee.

          A successor Trustee shall deliver a written acceptance of its
appointment to the retiring Trustee and to the Company.  Thereupon the
resignation or removal of the retiring Trustee shall become effective, and the
successor Trustee shall have all the rights, powers and duties of the Trustee
under this Indenture.  The successor Trustee shall mail a notice of its
succession to Securityholders.  The retiring Trustee shall promptly transfer all
property held by it as Trustee to the successor Trustee, subject to the lien
provided for in Section 7.07.

          If a successor Trustee does not take office within 60 days after the
retiring Trustee resigns or is removed, the retiring Trustee or the Holders of
10% in Accreted Value of the outstanding Securities, voting as a single class,
may petition any court of competent jurisdiction for the appointment of a
successor Trustee.

          If the Trustee fails to comply with Section 7.10, any Securityholder
may petition any court of competent jurisdiction for the removal of the Trustee
and the appointment of a successor Trustee.

          Notwithstanding the replacement of the Trustee pursuant to this
Section, the Company's obligations under Section 7.07 shall continue for the
benefit of the retiring Trustee.

          Section 7.09. Successor Trustee by Merger. If the Trustee consolidates
                        ---------------------------
with, merges or converts into, or transfers all or substantially all its
corporate trust business or assets to, another corporation or banking
association, the resulting, surviving or transferee corporation without any
further act shall be the successor Trustee.

          In case at the time such successor or successors by merger, conversion
or consolidation to the Trustee shall succeed to the trusts created by this
Indenture any of the Securities shall have been authenticated but not delivered,
any such successor to the Trustee may adopt the certificate of authentication of
any predecessor trustee, and deliver such Securities so authenticated; and in
case at that time any of the Securities shall not have been authenticated, any
successor to the Trustee may authenticate such Securities in the name of the
successor to the Trustee; and in all such cases such certificates shall have the
full force which it is anywhere in the Securities or in this Indenture provided
that the certificate of the Trustee shall have.

          Section 7.10. Eligibility; Disqualification. The Trustee shall at all
                        -----------------------------
times satisfy the requirements of Section 310(a) of the TIA. The Trustee shall
have a combined capital and surplus of at least $100,000,000 as set forth in its
most recent published annual report of condition. The Trustee shall comply with
Section 3.01(b) of the TIA; provided, however, that there shall be excluded from
the operation of Section 3.01(b)(1) of the TIA any indenture or indentures under
which other securities or certificates of interest or participation in other
securities of the Company are outstanding if the requirements for such exclusion
set forth in Section 3.01(b)(1) of the TIA are met.

          Section 7.11. Preferential Collection of Claims Against Company. The
                        -------------------------------------------------
Trustee shall comply with Section 311(a) of the TIA, excluding any creditor
relationship listed in

                                      -61-
<PAGE>

Section 311(b) of the TIA. A Trustee who has resigned or been removed shall be
subject to Section 311(a) of the TIA to the extent indicated.

          Section 7.12. Trustee Acting as Paying Agent or Registrar. In the
                        -------------------------------------------
event that the Trustee is also acting as a Paying Agent or Registrar hereunder,
the rights and protections afforded to the Trustee pursuant to this Article 7
shall also be afforded to such Paying Agent or Registrar.

                                   ARTICLE 8

                       Discharge of Indenture; Defeasance

          Section 8.01. Discharge of Liability on Securities; Defeasance.
                        ------------------------------------------------

          (a) When (i) the Company delivers to the Trustee all outstanding
Securities (other than Securities replaced pursuant to Section 2.08) for
cancellation or (ii) all outstanding Securities have become due and payable,
whether at maturity or as a result of the mailing of a notice of redemption
pursuant to Article 3, and the Company irrevocably deposits with the Trustee
funds or U.S. Government Obligations on which payment of principal and interest
when due will be sufficient to pay at maturity or upon redemption all
outstanding Securities, including interest thereon to maturity or such
redemption date (other than Securities replaced pursuant to Section 2.08), and
if in either case the Company pays all other sums payable hereunder by the
Company, then this Indenture shall, subject to Section 8.01(c), cease to be of
further effect. The Trustee shall acknowledge satisfaction and discharge of this
Indenture on demand of the Company accompanied by an Officers' Certificate and
an Opinion of Counsel and at the cost and expense of the Company.

          (b) Subject to Sections 8.01(c) and 8.02, the Company at any time may
terminate (i) all of its obligations under the Securities and this Indenture
("legal defeasance option") or (ii) its obligations under Sections 4.02, 4.03,
4.04, 4.05, 4.06, 4.07, 4.08, 4.09, 4.10, 4.11, 4.13, 4.14 and 4.15 and the
operation of Section 5.01(a)(3), 6.01(4), 6.01(6), 6.01(7) (with respect to
Significant Subsidiaries of the Company only) and 6.01(8) (with respect to
Significant Subsidiaries of the Company only) ("covenant defeasance option").
The Company may exercise its legal defeasance option notwithstanding its prior
exercise of its covenant defeasance option. In the event that the Company
terminates all of its obligations under the Securities and this Indenture by
exercising its legal defeasance option, the obligations under the Subsidiary
Guarantees shall each be terminated simultaneously with the termination of such
obligations.

          If the Company exercises its legal defeasance option, payment of the
Securities may not be accelerated because of an Event of Default.  If the
Company exercises its covenant defeasance option, payment of the Securities may
not be accelerated because of an Event of Default specified in Section 6.01(4),
6.01(6), 6.01(7) (with respect to Significant Subsidiaries of the Company only)
or 6.01(8) because of the failure of the Company to comply with clauses (3) and
(4) of Section 5.01(a).

                                      -62-
<PAGE>

          Upon satisfaction of the conditions set forth herein and upon request
of the Company, the Trustee shall acknowledge in writing the discharge of those
obligations that the Company terminates.

          (c) Notwithstanding clauses (a) and (b) above, the Company's
obligations in Sections 2.04, 2.05, 2.06, 2.07, 2.08, 2.09, 2.10, 7.07, 7.08 and
in this Article 8 shall survive until the Securities have been paid in full.
Thereafter, the Company's obligations in Sections 7.07, 8.04 and 8.05 shall
survive.

          Section 8.02. Conditions to Defeasance. The Company may exercise its
                        ------------------------
legal defeasance option or its covenant defeasance option only if:

          (1) the Company irrevocably deposits in trust with the Trustee money
     or U.S. Government Obligations for the payment of principal, premium (if
     any) and interest on the Securities to maturity or redemption, as the case
     may be;

          (2) the Company delivers to the Trustee a certificate from a
     nationally recognized firm of independent accountants expressing their
     opinion that the payments of principal and interest when due and without
     reinvestment on the deposited U.S. Government Obligations plus any
     deposited money without investment will provide cash at such times and in
     such amounts as will be sufficient to pay principal and interest when due
     on all the Securities to maturity or redemption, as the case may be;

          (3) 123 days pass after the deposit is made and during the 123-day
     period no Default specified in clause (7) or (8) of Section 6.01 with
     respect to the Company occurs which is continuing at the end of the period;

          (4) the deposit does not constitute a default under any other
     agreement binding on the Company and is not prohibited by Article 10;

          (5) the Company delivers to the Trustee an Opinion of Counsel to the
     effect that the trust resulting from the deposit does not constitute, or is
     qualified as, a regulated investment company under the Investment Company
     Act of 1940;

          (6) in the case of the legal defeasance option, the Company shall have
     delivered to the Trustee an Opinion of Counsel stating that (i) the Company
     has received from, or there has been published by, the Internal Revenue
     Service a ruling, or (ii) since the date of this Indenture there has been a
     change in the applicable Federal income tax law, in either case to the
     effect that, and based thereon such Opinion of Counsel shall confirm that,
     the Securityholders will not recognize income, gain or loss for Federal
     income tax purposes as a result of such defeasance and will be subject to
     Federal income tax on the same amounts, in the same manner and at the same
     times as would have been the case if such defeasance had not occurred;

          (7) in the case of the covenant defeasance option, the Company shall
     have delivered to the Trustee an Opinion of Counsel to the effect that the
     Securityholders will not recognize income, gain or loss for Federal income
     tax purposes as a result of such covenant defeasance and will be subject to
     Federal income tax on the same amounts, in

                                      -63-
<PAGE>

     the same manner and at the same times as would have been the case if such
     covenant defeasance had not occurred; and

          (8) the Company delivers to the Trustee an Officers' Certificate and
     an Opinion of Counsel, each stating that all conditions precedent to the
     defeasance and discharge of the Securities as contemplated by this Article
     8 have been complied with. Before or after a deposit, the Company may make
     arrangements satisfactory to the Trustee for the redemption of Securities
     at a future date in accordance with Article 3.

          Section 8.03. Application of Trust Money. The Trustee shall hold in
                        --------------------------
trust money or U.S. Government Obligations deposited with it pursuant to this
Article 8. It shall apply the deposited money and the money from U.S. Government
Obligations through the Paying Agent and in accordance with this Indenture to
the payment of principal of and interest on the Securities. Money and securities
so held in trust are not subject to Article 10.

          Section 8.04. Repayment to Company. The Trustee and the Paying Agent
                        --------------------
shall promptly turn over to the Company upon request any excess money or
securities held by them at any time.

          Subject to any applicable abandoned property law, the Trustee and the
Paying Agent shall pay to the Company upon written request any money held by
them for the payment of principal or interest that remains unclaimed for two
years, and, thereafter, Securityholders entitled to the money must look to the
Company for payment as general creditors.

          Section 8.05. Indemnity for Government Obligations. The Company shall
                        ------------------------------------
pay and shall indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against deposited U.S. Government Obligations or the principal
and interest received on such U.S. Government Obligations.

          Section 8.06. Reinstatement. If the Trustee or Paying Agent is unable
                        -------------
to apply any money or U.S. Government Obligations in accordance with this
Article 8 by reason of any legal proceeding or by reason of any order or
judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, the Company's obligations under this
Indenture and the Securities shall be revived and reinstated as though no
deposit had occurred pursuant to this Article 8 until such time as the Trustee
or Paying Agent is permitted to apply all such money or U.S. Government
Obligations in accordance with this Article 8; provided, however, that, if the
Company has made any payment of interest on or principal of any Securities
because of the reinstatement of its obligations, the Company shall be subrogated
to the rights of the Holders of such Securities to receive such payment from the
money or U.S. Government Obligations held by the Trustee or Paying Agent.

                                      -64-
<PAGE>

                                   ARTICLE 9

                                   Amendments

          Section 9.01. Without Consent of Holders.
                        --------------------------

          (a) Without the consent of any Holder of Securities, the Company, the
Subsidiary Guarantors and the Trustee may amend this Indenture to:

          (1) cure any ambiguity, omission, defect or inconsistency;

          (2) comply with Article 5;

          (3) provide for uncertificated Securities in addition to, or in place
     of, certificated Securities; provided, however, that the uncertificated
                                  --------  -------
     Securities are issued in registered form for purposes of Section 163(f) of
     the Code, or in a manner such that the uncertificated Securities are
     described in Section 163(f)(2)(B) of the Code;

          (4) make any change in Article 10 or Article 12 that would limit or
     terminate the benefits available to any holder of Senior Indebtedness of
     the Company (or any Representative thereof) under Article 10 or Article 12;

          (5) add additional guarantees with respect to the Securities;

          (6) secure the Securities;

          (7) add to the covenants of the Company for the benefit of the
     Securityholders;

          (8) surrender any right or power herein conferred upon the Company;

          (9) make any change that does not adversely affect the rights of any
     Securityholder;

          (10) provide for the creation and issuance of any Tranche of
     Securities or of any additional Securities of a particular Tranche,
     including the issuance of the Exchange Securities or Private Exchange
     Securities, subject to the provisions of this Indenture; or

          (11) comply with any requirement of the Commission in connection with
     the qualification of this Indenture under the TIA.

          (b) No amendment may be made under this Section 9.01, that adversely
affects the rights under Article 10 or Article 12 of any holder of Senior
Indebtedness of the Company then outstanding unless the holders of such Senior
Indebtedness (or any group or representative thereof authorized to give a
consent) consent to such change.

          (c) After an amendment under this Section 9.01 becomes effective, the
Company shall mail to Securityholders a notice briefly describing such
amendment. The failure

                                      -65-
<PAGE>

to give such notice to all Securityholders, or any defect therein, shall not
impair or affect the validity of the amendment.

          Section 9.02. With Consent of Holders. The Company, the Subsidiary
                        -----------------------
Guarantors and the Trustee may amend this Indenture or the Securities without
notice to any Securityholder but with the written consent of the Required
Holders (including consents obtained in connection with a tender offer or
exchange for the Securities). However, without the consent of each
Securityholder affected, an amendment may not:

          (1) reduce the amount of Securities whose Holders must consent to an
     amendment;

          (2) reduce the rate of, or extend the time for payment of, interest or
     any liquidated damages on any Security;

          (3) reduce the principal of, or extend the Stated Maturity of, any
     Security;

          (4) reduce the premium payable upon the redemption of any Security or
     change the time at which any Security may be redeemed in accordance with
     Article 3;

          (5) make any Security payable in money other than that stated in the
     Security;

          (6) impair the right of any Holder of Securities to receive payment of
     principal of and interest or any liquidated damages on such Holder's
     Securities on or after the due dates therefor or to institute suit for the
     enforcement of any payment on or with respect to such Holder's Securities;
     or

          (7) make any change in the amendment provisions which require the
     consent of each Holder of Securities or in the waiver provisions.

          It shall not be necessary for the consent of the Holders under this
Section 9.02 to approve the particular form of any proposed amendment, but it
shall be sufficient if such consent approves the substance thereof.

          After an amendment under this Section 9.02 becomes effective, the
Company shall mail to Securityholders a notice briefly describing such
amendment.  The failure to give such notice to all Securityholders, or any
defect therein, shall not impair or affect the validity of an amendment under
this Section 9.02.

          Section 9.03. Compliance with Trust Indenture Act. Every amendment to
                        -----------------------------------
this Indenture or the Securities shall comply with the TIA as then in effect.

          Section 9.04. Revocation and Effect of Consents and Waivers. A consent
                        ---------------------------------------------
to an amendment or a waiver by a Holder of a Security shall bind the Holder and
every subsequent Holder of that Security or portion of the Security that
evidences the same debt as the consenting Holder's Security, even if notation of
the consent or waiver is not made on the Security. However, any such Holder or
subsequent Holder may revoke the consent or waiver as to such Holder's Security
or portion of the Security if the Trustee receives the notice of revocation

                                      -66-
<PAGE>

before the date on which the Trustee receives an Officers' Certificate from the
Company certifying that the requisite number of consents have been received.
After an amendment or waiver becomes effective, it shall bind every
Securityholder. An amendment or waiver becomes effective upon the (i) receipt by
the Company or the Trustee of the requisite number of consents, (ii)
satisfaction of conditions to effectiveness as set forth in this Indenture and
any indenture supplemental hereto containing such amendment or waiver and (iii)
execution of such amendment or waiver (or supplemental indenture) by the Company
and the Trustee.

          The Company may, but shall not be obligated to, fix a record date for
the purpose of determining the Securityholders entitled to give their consent or
take any other action described above or required or permitted to be taken
pursuant to this Indenture.  If a record date is fixed, then notwithstanding the
immediately preceding paragraph, those Persons who were Securityholders at such
record date (or their duly designated proxies), and only those Persons, shall be
entitled to give such consent or to revoke any consent previously given or to
take any such action, whether or not such Persons continue to be Holders after
such record date.  No such consent shall be valid or effective for more than 120
days after such record date.

          Section 9.05. Notation on or Exchange of Securities. If an amendment
                        -------------------------------------
changes the terms of a Security, the Trustee may require the Holder of the
Security to deliver it to the Trustee. The Trustee may place an appropriate
notation on the Security regarding the changed terms and return it to the
Holder. Alternatively, if the Company or the Trustee so determines, the Company
in exchange for the Security shall issue and the Trustee shall authenticate a
new Security that reflects the changed terms. Failure to make the appropriate
notation or to issue a new Security shall not affect the validity of such
amendment.

          Section 9.06. Trustee To Sign Amendments. The Trustee shall sign any
                        --------------------------
amendment authorized pursuant to this Article 9 if the amendment does not
adversely affect the rights, duties, liabilities or immunities of the Trustee.
If it does, the Trustee may but need not sign it. In signing such amendment the
Trustee shall be entitled to receive indemnity reasonably satisfactory to it and
to receive, and (subject to Section 7.01) shall be fully protected in relying
upon, an Officers' Certificate and an Opinion of Counsel stating that such
amendment is authorized or permitted by this Indenture and that such amendment
is the legal, valid and binding obligation of the Company and the Subsidiary
Guarantors enforceable against them in accordance with its terms, subject to
customary exceptions, and complies with the provisions hereof (including Section
9.03).

          Section 9.07. Payment for Consent. Neither the Company nor any
                        -------------------
Affiliate of the Company shall, directly or indirectly, pay or cause to be paid
any consideration, whether by way of interest, fee or otherwise, to any Holder
for or as an inducement to any consent, waiver or amendment of any of the terms
or provisions of this Indenture or the Securities unless such consideration is
offered to be paid to all Holders that so consent, waive or agree to amend in
the time frame set forth in solicitation documents relating to such consent,
waiver or agreement.

                                      -67-
<PAGE>

                                  ARTICLE 10

                                 Subordination

          Section 10.01. Agreement To Subordinate. The Company agrees, and each
                         ------------------------
Securityholder by accepting a Security agrees, that the Indebtedness evidenced
by the Securities is subordinated in right of payment, to the extent and in the
manner provided in this Article 10, to the prior payment in full of all Senior
Indebtedness of the Company and that the subordination is for the benefit of and
enforceable by the holders of such Senior Indebtedness. The Securities shall in
all respects rank pari passu with all other Senior Subordinated Indebtedness of
                  ---- -----
the Company, and only Indebtedness of the Company that is Senior Indebtedness of
the Company shall rank senior to the Securities in accordance with the
provisions set forth herein. For purposes of this Article 10, the Indebtedness
evidenced by the Securities shall be deemed to include the liquidated damages
payable pursuant to the provisions set forth in the Securities and the
Registration Agreement. All provisions of this Article 10 shall be subject to
Section 10.12.

          Section 10.02. Liquidation, Dissolution, Bankruptcy. Upon any payment
                         ------------------------------------
or distribution of the assets of the Company to creditors upon a total or
partial liquidation or a total or partial dissolution of the Company or in a
bankruptcy, reorganization, insolvency, receivership or similar proceeding
relating to the Company or its property:

          (1) holders of Senior Indebtedness of the Company shall be entitled to
     receive payment in full of such Senior Indebtedness before Securityholders
     shall be entitled to receive any payment of principal of or interest on the
     Securities; and

          (2) until the Senior Indebtedness of the Company is paid in full, any
     payment or distribution to which Securityholders would be entitled but for
     this Article 10 shall be made to holders of such Senior Indebtedness as
     their interests may appear, except that Securityholders may receive shares
     of stock and any debt securities that are subordinated to such Senior
     Indebtedness to at least the same extent as the Securities.

          Section 10.03. Default on Senior Indebtedness. The Company may not pay
                         ------------------------------
the principal of, premium (if any) or interest on the Securities or make any
deposit pursuant to Section 8.01 and may not otherwise repurchase, redeem or
otherwise retire any Securities (collectively, "pay the Securities") if (i) any
Designated Senior Indebtedness of the Company is not paid when due or (ii) any
other default on such Designated Senior Indebtedness occurs and the maturity of
such Designated Senior Indebtedness is accelerated in accordance with its terms
unless, in either case, (x) the default has been cured or waived and any such
acceleration has been rescinded or (y) such Designated Senior Indebtedness has
been paid in full; provided, however, that the Company may pay the Securities
                   --------  -------
without regard to the foregoing if the Company and the Trustee receive written
notice approving such payment from the Representative of such Designated Senior
Indebtedness with respect to which either of the events set forth in clause (i)
or (ii) of this sentence has occurred and is continuing. During the continuance
of any default (other than a default described in clause (i) or (ii) of the
preceding sentence) with respect to any Designated Senior Indebtedness of the
Company pursuant to which the maturity thereof may be accelerated immediately
without further notice (except such notice as may be required to effect such
acceleration) or the expiration of any applicable grace periods,

                                      -68-
<PAGE>

the Company may not pay the Securities for a period (a "Payment Blockage
Period") commencing upon the receipt by the Trustee (with a copy to the Company)
of written notice (a "Blockage Notice") of such default from the Representative
of such Designated Senior Indebtedness specifying an election to effect a
Payment Blockage Period and ending 179 days thereafter (or earlier if such
Payment Blockage Period is terminated (i) by written notice to the Trustee and
the Company from the Person or Persons who gave such Blockage Notice, (ii) by
repayment in full of such Designated Senior Indebtedness or (iii) because the
default giving rise to such Blockage Notice is no longer continuing).
Notwithstanding the provisions described in the immediately preceding sentence
(but subject to the provisions contained in the first sentence of this Section
10.03), unless the holders of such Designated Senior Indebtedness or the
Representative of such holders shall have accelerated the maturity of such
Designated Senior Indebtedness, the Company may resume payments on the
Securities after the end of such Payment Blockage Period. Not more than one
Blockage Notice may be given in any consecutive 360-day period, irrespective of
the number of defaults with respect to Designated Senior Indebtedness during
such period; provided, however, that if any Blockage Notice within such 360-day
             --------  -------
period is given by or on behalf of any holders of Designated Senior Indebtedness
other than the Bank Indebtedness, the Representative of the Bank Indebtedness
may give another Blockage Notice within such period; provided further, however,
                                                     -------- -------  -------
that in no event may the total number of days during which any Payment Blockage
Period or Periods is in effect exceed 179 days in the aggregate during any 360
consecutive day period. For purposes of this Section 10.03, no default or event
of default that existed or was continuing on the date of the commencement of any
Payment Blockage Period with respect to the Designated Senior Indebtedness
initiating such Payment Blockage Period shall be, or be made, the basis of the
commencement of a subsequent Payment Blockage Period by the Representative of
such Designated Senior Indebtedness, whether or not within a period of 360
consecutive days, unless such default or event of default shall have been cured
or waived for a period of not less than 90 consecutive days.

          Section 10.04. Acceleration of Payment of Securities. If payment of
                         -------------------------------------
the Securities is accelerated because of an Event of Default, the Company or the
Trustee shall promptly notify the holders of the Designated Senior Indebtedness
of the Company (or their Representative) of the acceleration. If any Designated
Senior Indebtedness of the Company is outstanding, the Company may not pay the
Securities until five Business Days after such holders or the Representative of
such Designated Senior Indebtedness receive notice of such acceleration and,
thereafter, may pay the Securities only if this Article 10 otherwise permits
payment at that time.

          Section 10.05. When Distribution Must Be Paid Over. If a distribution
                         -----------------------------------
is made to Securityholders that because of this Article 10 should not have been
made to them, the Securityholders who receive the distribution shall hold it in
trust for holders of Senior Indebtedness of the Company and pay it over to them
as their interests may appear.

          Section 10.06. Subrogation. After all Senior Indebtedness of the
                         -----------
Company is paid in full and until the Securities are paid in full,
Securityholders shall be subrogated to the rights of holders of such Senior
Indebtedness to receive distributions applicable to Senior Indebtedness. A
distribution made under this Article 10 to holders of such Senior Indebtedness
which otherwise would have been made to Securityholders is not, as between the
Company and Securityholders, a payment by the Company on such Senior
Indebtedness.

                                      -69-
<PAGE>

          Section 10.07. Relative Rights. This Article 10 defines the relative
                         ---------------
rights of Securityholders and holders of Senior Indebtedness of the Company.
Nothing in this Indenture shall:

          (1) impair, as between the Company and Securityholders, the obligation
     of the Company, which is absolute and unconditional, to pay principal of
     and interest on and liquidated damages in respect of, the Securities in
     accordance with their terms; or

          (2) prevent the Trustee or any Securityholder from exercising its
     available remedies upon a Default, subject to the rights of holders of
     Senior Indebtedness of the Company to receive distributions otherwise
     payable to Securityholders.

          Section 10.08. Subordination May Not Be Impaired by Company. No right
                         --------------------------------------------
of any holder of Senior Indebtedness of the Company to enforce the subordination
of the Indebtedness evidenced by the Securities shall be impaired by any act or
failure to act by the Company or by its failure to comply with this Indenture.

          Section 10.09. Rights of Trustee and Paying Agent. Notwithstanding
                         ----------------------------------
Section 10.03, the Trustee or Paying Agent may continue to make payments on the
Securities and shall not be charged with knowledge of the existence of facts
that would prohibit the making of any such payments unless, not less than two
Business Days prior to the date of such payment, a Trust Officer of the Trustee
receives notice satisfactory to it that payments may not be made under this
Article 10. The Company, the Registrar, the Paying Agent, a Representative or a
holder of Senior Indebtedness of the Company may give the notice; provided,
                                                                  --------
however, that, if an issue of Senior Indebtedness of the Company has a
-------
Representative, only the Representative may give the notice.

          The Trustee in its individual or any other capacity may hold Senior
Indebtedness of the Company with the same rights it would have if it were not
Trustee.  The Registrar and the Paying Agent may do the same with like rights.
The Trustee shall be entitled to all the rights set forth in this Article 10
with respect to any Senior Indebtedness of the Company which may at any time be
held by it, to the same extent as any other holder of such Senior Indebtedness;
and nothing in Article 7 shall deprive the Trustee of any of its rights as such
holder.  Nothing in this Article 10 shall apply to claims of, or payments to,
the Trustee under or pursuant to Section 7.07.

          Section 10.10. Distribution or Notice to Representative. Whenever a
                         ----------------------------------------
distribution is to be made or a notice given to holders of Senior Indebtedness
of the Company, the distribution may be made and the notice given to their
Representative (if any).

          Section 10.11. Article 10 Not To Prevent Events of Default or Limit
                         ----------------------------------------------------
Right To Accelerate. The failure to make a payment pursuant to the Securities by
-------------------
reason of any provision in this Article 10 shall not be construed as preventing
the occurrence of a Default. Nothing in this Article 10 shall have any effect on
the right of the Securityholders or the Trustee to accelerate the maturity of
the Securities.

          Section 10.12. Trust Moneys Not Subordinated. Notwithstanding anything
                         -----------------------------
contained herein to the contrary, payments from money or the proceeds of U.S.
Government Obligations held in trust under Article 8 by the Trustee for the
payment of principal of and

                                      -70-
<PAGE>

interest on the Securities shall not be subordinated to the prior payment of any
Senior Indebtedness of the Company or subject to the restrictions set forth in
this Article 10, and none of the Securityholders shall be obligated to pay over
any such amount to the Company or any holder of Senior Indebtedness of the
Company or any other creditor of the Company.

          Section 10.13. Trustee Entitled To Rely. Upon any payment or
                         ------------------------
distribution pursuant to this Article 10, the Trustee and the Securityholders
shall be entitled to rely conclusively (i) upon any order or decree of a court
of competent jurisdiction in which any proceedings of the nature referred to in
Section 10.02 are pending, (ii) upon a certificate of the liquidating trustee or
agent or other Person making such payment or distribution to the Trustee or to
the Securityholders or (iii) upon the Representatives for the holders of Senior
Indebtedness of the Company for the purpose of ascertaining the Persons entitled
to participate in such payment or distribution, the holders of such Senior
Indebtedness and other Indebtedness of the Company, the amount thereof or
payable thereon, the amount or amounts paid or distributed thereon and all other
facts pertinent thereto or to this Article 10. In the event that the Trustee
determines, in good faith, that evidence is required with respect to the right
of any Person as a holder of Senior Indebtedness of the Company to participate
in any payment or distribution pursuant to this Article 10, the Trustee may
request such Person to furnish evidence to the reasonable satisfaction of the
Trustee as to the amount of such Senior Indebtedness held by such Person, the
extent to which such Person is entitled to participate in such payment or
distribution and other facts pertinent to the rights of such Person under this
Article 10, and, if such evidence is not furnished, the Trustee may defer any
payment to such Person pending judicial determination as to the right of such
Person to receive such payment. The provisions of Sections 7.01 and 7.02 shall
be applicable to all actions or omissions of actions by the Trustee pursuant to
this Article 10.

          Section 10.14. Trustee To Effectuate Subordination. Each
                         -----------------------------------
Securityholder by accepting a Security authorizes and directs the Trustee on his
behalf to take such action as may be necessary or appropriate to acknowledge or
effectuate the subordination between the Securityholders and the holders of
Senior Indebtedness of the Company as provided in this Article 10 and appoints
the Trustee as attorney-in-fact for any and all such purposes.

          Section 10.15. Trustee Not Fiduciary for Holders of Senior
                         -------------------------------------------
Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the
------------
holders of Senior Indebtedness of the Company and shall not be liable to any
such holders if it shall mistakenly pay over or distribute to Securityholders or
the Company or any other Person, money or assets to which any holders of Senior
Indebtedness of the Company shall be entitled by virtue of this Article 10 or
otherwise.

          Section 10.16. Reliance by Holders of Senior Indebtedness on
                         ---------------------------------------------
Subordination Provisions. Each Securityholder by accepting a Security
------------------------
acknowledges and agrees that the foregoing subordination provisions are, and are
intended to be, an inducement and a consideration to each holder of any Senior
Indebtedness of the Company, whether such Senior Indebtedness was created or
acquired before or after the issuance of the Securities, to acquire and continue
to hold, or to continue to hold, such Senior Indebtedness and such holder of
such Senior Indebtedness shall be deemed conclusively to have relied on such
subordination provisions in acquiring and continuing to hold, or in continuing
to hold, such Senior Indebtedness.

                                      -71-
<PAGE>

          Section 10.17. Trustee's Compensation Not Prejudiced. Nothing in this
                         -------------------------------------
Article shall apply to amounts due to the Trustee pursuant to other sections of
this Indenture.

          Section 10.18. Defeasance. The terms of this Article 10 shall not
                         ----------
apply to payments from money or the proceeds of U.S. Government Obligations held
in trust by the Trustee for the payment of principal of and interest on the
Securities pursuant to the provisions described in Section 8.03.

                                   ARTICLE 11

                             Subsidiary Guarantees

          Section 11.01. Subsidiary Guarantees. Each Subsidiary Guarantor hereby
                         ---------------------
jointly and severally irrevocably and unconditionally guarantees, as a primary
obligor and not merely as a surety, to each Holder and to the Trustee and its
successors and assigns (a) the full and punctual payment when due, whether at
Stated Maturity, by acceleration, by redemption or otherwise, of all obligations
of the Company under this Indenture (including obligations to the Trustee) and
the Securities, whether for payment of principal of, interest on or liquidated
damages in respect of, the Securities and all other monetary obligations of the
Company under this Indenture and the Securities and (b) the full and punctual
performance within applicable grace periods of all other obligations of the
Company whether for expenses, indemnification or otherwise under this Indenture
and the Securities (all the foregoing being hereinafter collectively called the
"Guaranteed Obligations"). Each Subsidiary Guarantor further agrees that the
Guaranteed Obligations may be extended or renewed, in whole or in part, without
notice or further assent from each such Subsidiary Guarantor, and that each such
Subsidiary Guarantor shall remain bound under this Article 11 notwithstanding
any extension or renewal of any Guaranteed Obligation.

          Each Subsidiary Guarantor waives presentation to, demand of, payment
from and protest to the Company of any of the Guaranteed Obligations and also
waives notice of protest for nonpayment.  Each Subsidiary Guarantor waives
notice of any default under the Securities or the Guaranteed Obligations.  The
obligations of each Subsidiary Guarantor hereunder shall not be affected by (a)
the failure of any Holder or the Trustee to assert any claim or demand or to
enforce any right or remedy against the Company or any other Person under this
Indenture, the Securities or any other agreement or otherwise; (b) any extension
or renewal of any thereof; (c) any rescission, waiver, amendment or modification
of any of the terms or provisions of this Indenture, the Securities or any other
agreement; (d) the release of any security held by any Holder or the Trustee for
the Guaranteed Obligations or any of them; (e) the failure of any Holder or
Trustee to exercise any right or remedy against any other guarantor of the
Guaranteed Obligations; or (f) any change in the ownership of such Subsidiary
Guarantor, except as provided in Section 11.02(b).

          Each Subsidiary Guarantor hereby waives any right to which it may be
entitled to have its obligations hereunder divided among the Subsidiary
Guarantors, such that such Subsidiary Guarantor's obligations would be less than
the full amount claimed.  Each Subsidiary Guarantor hereby waives any right to
which it may be entitled to have the assets of the Company first be used and
depleted as payment of the Company's or such Subsidiary Guarantor's

                                      -72-
<PAGE>

obligations hereunder prior to any amounts being claimed from or paid by such
Subsidiary Guarantor hereunder. Each Subsidiary Guarantor hereby waives any
right to which it may be entitled to require that the Company be sued prior to
an action being initiated against such Subsidiary Guarantor.

          Each Subsidiary Guarantor further agrees that its Subsidiary Guarantee
herein constitutes a guarantee of payment, performance and compliance when due
(and not a guarantee of collection) and waives any right to require that any
resort be had by any Holder or the Trustee to any security held for payment of
the Guaranteed Obligations.

          The Subsidiary Guarantee of each Subsidiary Guarantor is, to the
extent and in the manner set forth in Article 12, subordinated and subject in
right of payment to the prior payment in full of the principal of and premium,
if any, and interest on all Senior Indebtedness of the relevant Subsidiary
Guarantor and is made subject to such provisions of this Indenture.

          Except as expressly set forth in Sections 8.01(b), 11.02 and 11.06,
the obligations of each Subsidiary Guarantor hereunder shall not be subject to
any reduction, limitation, impairment or termination for any reason, including
any claim of waiver, release, surrender, alteration or compromise, and shall not
be subject to any defense of setoff, counterclaim, recoupment or termination
whatsoever or by reason of the invalidity, illegality or unenforceability of the
Guaranteed Obligations or otherwise.  Without limiting the generality of the
foregoing, the obligations of each Subsidiary Guarantor herein shall not be
discharged or impaired or otherwise affected by the failure of any Holder or the
Trustee to assert any claim or demand or to enforce any remedy under this
Indenture, the Securities or any other agreement, by any waiver or modification
of any thereof, by any default, failure or delay, willful or otherwise, in the
performance of the obligations, or by any other act or thing or omission or
delay to do any other act or thing which may or might in any manner or to any
extent vary the risk of any Subsidiary Guarantor or would otherwise operate as a
discharge of any Subsidiary Guarantor as a matter of law or equity.

          Each Subsidiary Guarantor agrees that its Subsidiary Guarantee shall
remain in full force and effect until payment in full of all the Guaranteed
Obligations (except as otherwise provided in Section 8.01(b)).  Each Subsidiary
Guarantor further agrees that its Subsidiary Guarantee herein shall continue to
be effective or be reinstated, as the case may be, if at any time payment, or
any part thereof, of principal of or interest on any Guaranteed Obligation is
rescinded or must otherwise be restored by any Holder or the Trustee upon the
bankruptcy or reorganization of the Company or otherwise.

          In furtherance of the foregoing and not in limitation of any other
right which any Holder or the Trustee has at law or in equity against any
Subsidiary Guarantor by virtue hereof, upon the failure of the Company to pay
the principal of or interest on any Guaranteed Obligation when and as the same
shall become due, whether at maturity, by acceleration, by redemption or
otherwise, or to perform or comply with any other Guaranteed Obligation, each
Subsidiary Guarantor hereby promises to and shall, upon receipt of written
demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the
Holders or the Trustee an amount equal to the sum of (i) the unpaid principal
amount of such Guaranteed Obligations, (ii) accrued and unpaid interest

                                      -73-
<PAGE>

on such Guaranteed Obligations (but only to the extent not prohibited by law)
and (iii) all other monetary obligations of the Company to the Holders and the
Trustee.

          Each Subsidiary Guarantor agrees that it shall not be entitled to any
right of subrogation in relation to the Holders in respect of any Guaranteed
Obligations guaranteed hereby until payment in full of all Guaranteed
Obligations and all obligations to which the Guaranteed Obligations are
subordinated as provided in Article 12.  Each Subsidiary Guarantor further
agrees that, as between it, on the one hand, and the Holders and the Trustee, on
the other hand, (x) the maturity of the Guaranteed Obligations guaranteed hereby
may be accelerated as provided in Article 6 for the purposes of any Subsidiary
Guarantee herein, notwithstanding any stay, injunction or other prohibition
preventing such acceleration in respect of the Guaranteed Obligations guaranteed
hereby, and (y) in the event of any declaration of acceleration of such
Guaranteed Obligations as provided in Article 6, such Guaranteed Obligations
(whether or not due and payable) shall forthwith become due and payable by such
Subsidiary Guarantor for the purposes of this Section 11.01.

          Each Subsidiary Guarantor also agrees to pay any and all costs and
expenses (including reasonable attorneys' fees and expenses) incurred by the
Trustee or any Holder in enforcing any rights under this Section 11.01.

          Upon request of the Trustee, each Subsidiary Guarantor shall execute
and deliver such further instruments and do such further acts as may be
reasonably necessary or proper to carry out more effectively the purpose of this
Indenture.

          Section 11.02. Limitation on Liability.
                         -----------------------

          (a) Any term or provision of this Indenture to the contrary
notwithstanding, the maximum, aggregate amount of the Guaranteed Obligations
guaranteed hereunder by any Subsidiary Guarantor shall not exceed the maximum
amount that can be hereby guaranteed without rendering this Indenture, as it
relates to such Subsidiary Guarantor, voidable under applicable law relating to
fraudulent conveyance or fraudulent transfer or similar laws affecting the
rights of creditors generally.

          (b) A Subsidiary Guarantee as to any Subsidiary Guarantor shall
terminate and be of no further force or effect and such Subsidiary Guarantor
shall be deemed to be released from all obligations under this Article 11 upon
(i) the merger or consolidation of such Subsidiary Guarantor with or into any
Person other than the Company or a Subsidiary or Affiliate of the Company where
such Subsidiary Guarantor is not the surviving entity of such consolidation or
merger or (ii) the sale by the Company or any Subsidiary of the Company (or any
pledgee of the Company) of a majority of the Capital Stock of such Subsidiary
Guarantor, where, after such sale, such Subsidiary Guarantor is no longer a
Subsidiary of the Company; provided, however, that each such merger,
                           --------  -------
consolidation or sale (or, in the case of a sale by such a pledgee, the
disposition of the proceeds of such sale) shall comply with Section 4.06 and
Section 5.01(b). At the written request of the Company, the Trustee shall
execute and deliver an appropriate instrument evidencing such release.

                                      -74-
<PAGE>

          Section 11.03. Successors and Assigns. This Article 11 shall be
                         ----------------------
binding upon each Subsidiary Guarantor and its successors and assigns and shall
inure to the benefit of the successors and assigns of the Trustee and the
Holders and, in the event of any transfer or assignment of rights by any Holder
or the Trustee, the rights and privileges conferred upon that party in this
Indenture and in the Securities shall automatically extend to and be vested in
such transferee or assignee, all subject to the terms and conditions of this
Indenture.

          Section 11.04. No Waiver. Neither a failure nor a delay on the part of
                         ---------
either the Trustee or the Holders in exercising any right, power or privilege
under this Article 11 shall operate as a waiver thereof, nor shall a single or
partial exercise thereof preclude any other or further exercise of any right,
power or privilege. The rights, remedies and benefits of the Trustee and the
Holders herein expressly specified are cumulative and not exclusive of any other
rights, remedies or benefits which either may have under this Article 11 at law,
in equity, by statute or otherwise.

          Section 11.05. Modification. No modification, amendment or waiver of
                         ------------
any provision of this Article 11, nor the consent to any departure by any
Subsidiary Guarantor therefrom, shall in any event be effective unless the same
shall be in writing and signed by the Trustee, and then such waiver or consent
shall be effective only in the specific instance and for the purpose for which
given. No notice to or demand on any Subsidiary Guarantor in any case shall
entitle such Subsidiary Guarantor to any other or further notice or demand in
the same, similar or other circumstances.

          Section 11.06. Execution of Supplemental Indenture for Future
                         ----------------------------------------------
Subsidiary Guarantors. Each Subsidiary which is required to become a Subsidiary
---------------------
Guarantor pursuant to Section 4.11 shall promptly execute and deliver to the
Trustee a supplemental indenture in the form of Exhibit C hereto pursuant to
which such Subsidiary shall become a Subsidiary Guarantor under this Article 11
and shall guarantee the Guaranteed Obligations. Concurrently with the execution
and delivery of such supplemental indenture, the Company shall deliver to the
Trustee an Opinion of Counsel and an Officers' Certificate to the effect that
such supplemental indenture has been duly authorized, executed and delivered by
such Subsidiary and that, subject to the application of bankruptcy, insolvency,
moratorium, fraudulent conveyance or transfer and other similar laws relating to
creditors' rights generally and to the principles of equity, whether considered
in a proceeding at law or in equity, the Subsidiary Guarantee of such Subsidiary
Guarantor is a legal, valid and binding obligation of such Subsidiary Guarantor,
enforceable against such Subsidiary Guarantor in accordance with its terms.

                                   ARTICLE 12

                   Subordination of the Subsidiary Guarantees

          Section 12.01. Agreement To Subordinate. Each Subsidiary Guarantor
                         ------------------------
agrees, and each Securityholder by accepting a Security agrees, that the
obligations of a Subsidiary Guarantor hereunder are subordinated in right of
payment, to the extent and in the manner provided in this Article 12, to the
prior payment in full of all Senior Indebtedness of such Subsidiary Guarantor
and that the subordination is for the benefit of and enforceable by the holders
of such Senior Indebtedness of such Subsidiary Guarantor. The obligations
hereunder

                                      -75-
<PAGE>

with respect to a Subsidiary Guarantor shall in all respects rank pari passu
                                                                  ---- -----
with all other Senior Subordinated Indebtedness of such Subsidiary Guarantor and
shall rank senior to all existing and future Subordinated Obligations of such
Subsidiary Guarantor; and only Indebtedness of such Subsidiary Guarantor that is
Senior Indebtedness of such Subsidiary Guarantor shall rank senior to the
obligations of such Subsidiary Guarantor in accordance with the provisions set
forth herein.

          Section 12.02. Liquidation, Dissolution, Bankruptcy. Upon any payment
                         ------------------------------------
or distribution of the assets of a Subsidiary Guarantor to creditors upon a
total or partial liquidation or a total or partial dissolution of such
Subsidiary Guarantor or in a bankruptcy, reorganization, insolvency,
receivership or similar proceeding relating to such Subsidiary Guarantor and its
properties:

          (1) holders of Senior Indebtedness of such Subsidiary Guarantor shall
     be entitled to receive payment in full of such Senior Indebtedness before
     Securityholders shall be entitled to receive any payment pursuant to any
     Guaranteed Obligations from such Subsidiary Guarantor; and

          (2) until the Senior Indebtedness of such Subsidiary Guarantor is paid
     in full, any payment or distribution to which Securityholders would be
     entitled but for this Article 12 shall be made to holders of such Senior
     Indebtedness as their respective interests may appear, except that
     Securityholders may receive shares of stock and any debt securities that
     are subordinated to such Senior Indebtedness to at least the same extent as
     the Guarantees.

          Section 12.03. Default on Designated Senior Indebtedness of a
                         ----------------------------------------------
Subsidiary Guarantor. A Subsidiary Guarantor may not make any payment pursuant
--------------------
to any of the Guaranteed Obligations or repurchase, redeem or otherwise retire
any Securities (collectively, "pay its Guarantee") if (i) any Designated Senior
Indebtedness of such Subsidiary Guarantor is not paid when due or (ii) any other
default on Designated Senior Indebtedness of such Subsidiary Guarantor occurs
and the maturity of such Designated Senior Indebtedness is accelerated in
accordance with its terms unless, in either case, (x) the default has been cured
or waived and any such acceleration has been rescinded or (y) such Designated
Senior Indebtedness has been paid in full; provided, however, that such
                                           --------  -------
Subsidiary Guarantor may pay its Guarantee without regard to the foregoing if
such Subsidiary Guarantor and the Trustee receive written notice approving such
payment from the Representative of the holders of such Designated Senior
Indebtedness with respect to which either of the events in clause (i) or (ii) of
this sentence has occurred and is continuing. During the continuance of any
default (other than a default described in clause (i) or (ii) of the preceding
sentence) with respect to any Designated Senior Indebtedness of a Subsidiary
Guarantor pursuant to which the maturity thereof may be accelerated immediately
without further notice (except such notice as may be required to effect such
acceleration) or the expiration of any applicable grace periods, such Subsidiary
Guarantor may not pay its Guarantee for a Payment Blockage Period commencing
upon the receipt by the Trustee (with a copy to such Subsidiary Guarantor and
the Company) of a Blockage Notice of such default from the Representative of the
holders of the Designated Senior Indebtedness of such Subsidiary Guarantor
specifying an election to effect a Payment Blockage Period and ending 179 days
thereafter (or earlier if such Payment Blockage Period is terminated (i) by
written notice to the

                                      -76-
<PAGE>

Trustee (with a copy to such Subsidiary Guarantor and the Company) from the
Person or Persons who gave such Blockage Notice, (ii) because such Designated
Senior Indebtedness has been repaid in full or (iii) because the default giving
rise to such Blockage Notice is no longer continuing). Notwithstanding the
provisions described in the immediately preceding sentence (but subject to the
provisions contained in the first sentence of this Section 12.03), unless the
holders of such Designated Senior Indebtedness or the Representative of such
holders shall have accelerated the maturity of such Designated Senior
Indebtedness, such Subsidiary Guarantor may resume paying its Guarantee after
such Payment Blockage Period, including any missed payments. Not more than one
Blockage Notice may be given with respect to a Subsidiary Guarantor in any
consecutive 360-day period, irrespective of the number of defaults with respect
to Designated Senior Indebtedness of such Subsidiary Guarantor during such
period.

          Section 12.04. Demand for Payment. If payment of the Securities is
                         ------------------
accelerated because of an Event of Default and a demand for payment is made on a
Subsidiary Guarantor pursuant to Article 11, the Trustee shall promptly notify
the holders of the Designated Senior Indebtedness of such Subsidiary Guarantor
(or the Representative of such holders) of such demand. If any Designated Senior
Indebtedness of such Subsidiary Guarantor is outstanding, such Subsidiary
Guarantor may not pay its Guarantee until five Business Days after such holders
or the Representative of the holders of the Designated Senior Indebtedness of
such Subsidiary Guarantor receive notice of such demand and, thereafter, may pay
its Guarantee only if this Article 12 otherwise permits payment at that time.

          Section 12.05. When Distribution Must Be Paid Over. If a payment or
                         -----------------------------------
distribution is made to Securityholders that because of this Article 12 should
not have been made to them, the Securityholders who receive the payment or
distribution shall hold such payment or distribution in trust for holders of the
Senior Indebtedness of the relevant Subsidiary Guarantor and pay it over to them
as their respective interests may appear.

          Section 12.06. Subrogation. After all Senior Indebtedness of a
                         -----------
Subsidiary Guarantor is paid in full and until the Securities are paid in full
in cash, Securityholders shall be subrogated to the rights of holders of Senior
Indebtedness of such Subsidiary Guarantor to receive distributions applicable to
Designated Senior Indebtedness of such Subsidiary Guarantor. A distribution made
under this Article 12 to holders of Senior Indebtedness of such Subsidiary
Guarantor which otherwise would have been made to Securityholders is not, as
between such Subsidiary Guarantor and Securityholders, a payment by such
Subsidiary Guarantor on Senior Indebtedness of such Subsidiary Guarantor.

          Section 12.07. Relative Rights. This Article 12 defines the relative
                         ---------------
rights of Securityholders and holders of Senior Indebtedness of a Subsidiary
Guarantor. Nothing in this Indenture shall:

          (1) impair, as between a Subsidiary Guarantor and Securityholders, the
     obligation of a Subsidiary Guarantor which is absolute and unconditional,
     to make payments with respect to the Guaranteed Obligations to the extent
     set forth in Article 11; or

                                      -77-
<PAGE>

          (2) prevent the Trustee or any Securityholder from exercising its
     available remedies upon a default by a Subsidiary Guarantor under its
     obligations with respect to the Guaranteed Obligations, subject to the
     rights of holders of Senior Indebtedness of such Subsidiary Guarantor to
     receive distributions otherwise payable to Securityholders.

          Section 12.08. Subordination May Not Be Impaired by a Subsidiary
                         -------------------------------------------------
Guarantor. No right of any holder of Senior Indebtedness of a Subsidiary
---------
Guarantor to enforce the subordination of the obligations of such Subsidiary
Guarantor hereunder shall be impaired by any act or failure to act by such
Subsidiary Guarantor or by its failure to comply with this Indenture.

          Section 12.09. Rights of Trustee and Paying Agent. Notwithstanding
                         ----------------------------------
Section 12.03, the Trustee or the Paying Agent may continue to make payments on
the Securities and shall not be charged with knowledge of the existence of facts
that would prohibit the making of any such payments unless, not less than two
Business Days prior to the date of such payment, a Trust Officer of the Trustee
receives notice satisfactory to it that payments may not be made under this
Article 12. A Subsidiary Guarantor, the Registrar or co-registrar, the Paying
Agent, a Representative or a holder of Senior Indebtedness of a Subsidiary
Guarantor may give the notice; provided, however, that if an issue of Senior
                               --------  -------
Indebtedness of a Subsidiary Guarantor has a Representative, only the
Representative may give the notice.

          The Trustee in its individual or any other capacity may hold Senior
Indebtedness of a Subsidiary Guarantor with the same rights it would have if it
were not Trustee.  The Registrar and co-registrar and the Paying Agent may do
the same with like rights.  The Trustee shall be entitled to all the rights set
forth in this Article 12 with respect to any Senior Indebtedness of a Subsidiary
Guarantor which may at any time be held by it, to the same extent as any other
holder of Senior Indebtedness of such Subsidiary Guarantor; and nothing in
Article 7 shall deprive the Trustee of any of its rights as such holder.
Nothing in this Article 12 shall apply to claims of, or payments to, the Trustee
under or pursuant to Section 7.07.

          Section 12.10. Distribution or Notice to Representative. Whenever a
                         ----------------------------------------
distribution is to be made or a notice given to holders of Senior Indebtedness
of a Subsidiary Guarantor, the distribution may be made and the notice given to
their Representative (if any).

          Section 12.11. Article 12 Not To Prevent Events of Default or Limit
                         ----------------------------------------------------
Right To Accelerate. The failure of a Subsidiary Guarantor to make a payment on
-------------------
any of its obligations by reason of any provision in this Article 12 shall not
be construed as preventing the occurrence of a default by such Subsidiary
Guarantor under such obligations. Nothing in this Article 12 shall have any
effect on the right of the Securityholders or the Trustee to make a demand for
payment on a Subsidiary Guarantor pursuant to Article 11.

          Section 12.12. Trustee Entitled To Rely. Upon any payment or
                         ------------------------
distribution pursuant to this Article 12, the Trustee and the Securityholders
shall be entitled to rely conclusively (i) upon any order or decree of a court
of competent jurisdiction in which any proceedings of the nature referred to in
Section 12.02 are pending, (ii) upon a certificate of the liquidating trustee or
agent or other Person making such payment or distribution to the Trustee or to
the Securityholders or (iii) upon the Representatives for the holders of Senior
Indebtedness of

                                      -78-
<PAGE>

a Subsidiary Guarantor for the purpose of ascertaining the Persons entitled to
participate in such payment or distribution, the holders of the Senior
Indebtedness of a Subsidiary Guarantor and other Indebtedness of a Subsidiary
Guarantor, the amount thereof or payable thereon, the amount or amounts paid or
distributed thereon and all other facts pertinent thereto or to this Article 12.
In the event that the Trustee determines, in good faith, that evidence is
required with respect to the right of any Person as a holder of Senior
Indebtedness of a Subsidiary Guarantor to participate in any payment or
distribution pursuant to this Article 12, the Trustee may request such Person to
furnish evidence to the reasonable satisfaction of the Trustee as to the amount
of Senior Indebtedness of such Subsidiary Guarantor held by such Person, the
extent to which such Person is entitled to participate in such payment or
distribution and other facts pertinent to the rights of such Person under this
Article 12, and, if such evidence is not furnished, the Trustee may defer any
payment to such Person pending judicial determination as to the right of such
Person to receive such payment. The provisions of Sections 7.01 and 7.02 shall
be applicable to all actions or omissions of actions by the Trustee pursuant to
this Article 12.

          Section 12.13. Trustee To Effectuate Subordination. Each
                         -----------------------------------
Securityholder by accepting a Security authorizes and directs the Trustee on his
or her behalf to take such action as may be necessary or appropriate to
acknowledge or effectuate the subordination between the Securityholders and the
holders of Senior Indebtedness of each of the Subsidiary Guarantors as provided
in this Article 12 and appoints the Trustee as attorney-in-fact for any and all
such purposes.

          Section 12.14. Trustee Not Fiduciary for Holders of Senior
                         -------------------------------------------
Indebtedness of a Subsidiary Guarantor. The Trustee shall not be deemed to owe
--------------------------------------
any fiduciary duty to the holders of Senior Indebtedness of a Subsidiary
Guarantor and shall not be liable to any such holders if it shall mistakenly pay
over or distribute to Securityholders or the relevant Subsidiary Guarantor or
any other Person, money or assets to which any holders of Senior Indebtedness of
such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or
otherwise.

          Section 12.15. Reliance by Holders of Senior Indebtedness of a
                         -----------------------------------------------
Subsidiary Guarantor on Subordination Provisions. Each Securityholder by
------------------------------------------------
accepting a Security acknowledges and agrees that the foregoing subordination
provisions are, and are intended to be, an inducement and a consideration to
each holder of any Senior Indebtedness of a Subsidiary Guarantor, whether such
Senior Indebtedness was created or acquired before or after the issuance of the
Securities, to acquire and continue to hold, or to continue to hold, such Senior
Indebtedness and such holder of Senior Indebtedness shall be deemed conclusively
to have relied on such subordination provisions in acquiring and continuing to
hold, or in continuing to hold, such Senior Indebtedness.

          Section 12.16. Defeasance. The terms of this Article 12 shall not
                         ----------
apply to payments from money or the proceeds of U.S. Government Obligations held
in trust by the Trustee for the payment of principal of and interest on the
Securities pursuant to the provisions described in Section 8.03.

                                      -79-
<PAGE>

                                   ARTICLE 13

                           Satisfaction and Discharge

          Section 13.01. Satisfaction and Discharge of Indenture. This Indenture
                         ---------------------------------------
shall be discharged and shall cease to be of further effect (except as to
surviving rights of registration of transfer or exchange of Securities as
expressly provided for herein) as to all outstanding Securities hereunder, and
the Trustee, upon Company Request and at the expense of the Company, shall
execute proper instruments acknowledging satisfaction and discharge of this
Indenture, when

          (a) either (1) all such Securities theretofore authenticated and
delivered (other than lost, stolen or destroyed Securities which have been
replaced or paid as provided in Section 2.08) have been delivered to the Trustee
for cancellation; or (2) all Securities not theretofore delivered to the Trustee
for cancellation (x) have become due and payable, (y) will become due and
payable at their Stated Maturity within one year, or (z) are to be called for
redemption within one year under arrangements satisfactory to the Trustee for
the giving of notice of redemption by the Trustee in the name, and at the
expense, of the Company; and the Company or any Subsidiary Guarantor has
irrevocably deposited or caused to be deposited with the Trustee as trust funds
in trust an amount in United States dollars or direct obligations of, or
obligations the principal of and interest on which are unconditionally
guaranteed by, the United States of America (or by any agency thereof to the
extent such obligations are backed by the full faith and credit of the United
States of America), in each case maturing prior to the date the Securities have
become due and payable, the Stated Maturity of the Securities or the relevant
redemption date for the Notes, as the case may be, sufficient to pay and
discharge the entire Indebtedness on the Securities not theretofore delivered to
the Trustee for cancellation, including the principal of, premium, if any, and
accrued interest at maturity, Stated Maturity or redemption date;

          (b) the Company or any Subsidiary Guarantor has paid or caused to be
paid all other sums payable hereunder by the Company and any Subsidiary
Guarantor; and

          (c) the Company has delivered to the Trustee an Officers' Certificate
and an Opinion of Counsel, each stating that (i) all conditions precedent herein
relating to the satisfaction and discharge hereof have been complied with and
(ii) such satisfaction and discharge will not result in a breach or violation
of, or constitute a default under, this Indenture or any other material
agreement or instrument to which the Company, any Subsidiary Guarantor or any
Subsidiary is a party or by which the Company, any Subsidiary Guarantor or any
of the Company's Subsidiaries is bound.

          Notwithstanding the satisfaction and discharge hereof, the obligations
of the Company to the Trustee under Section 7.07 and, if United States dollars
shall have been deposited with the Trustee pursuant to subclause (2) of
subsection (a) of this Section 13.01, the obligations of the Trustee under
Section 13.02 shall survive.

          Section 13.02. Application of Trust Money. Subject to the provisions
                         --------------------------
of the last paragraph of Section 2.05, all United States dollars deposited with
the Trustee pursuant to

                                      -80-
<PAGE>

Section 13.1 shall be held in trust and applied by it, in accordance with the
provisions of the Securities and this Indenture, to the payment, either directly
or through any Paying Agent (including the Company acting as its own Paying
Agent) as the Trustee may determine, to the Persons entitled thereto, of the
principal of, premium, if any, and interest on, the Securities for whose payment
such United States dollars have been deposited with the Trustee.

                                   ARTICLE 14

                                 Miscellaneous

          Section 14.01. Trust Indenture Act Controls. If any provision of this
                         ----------------------------
Indenture limits, qualifies or conflicts with another provision which is
required to be included in this Indenture by the TIA, the required provision
shall control.

          Section 14.02. Notices. Any notice or communication shall be in
                         -------
writing and delivered in person or mailed by first-class mail addressed as
follows:

          if to the Company:

          TeleCorp PCS, Inc.
          1010 N. Glebe Road, Suite 800
          Arlington, VA 22201
          (703) 236-1100
          Attention of: Thomas H. Sullivan, Esq.

          if to the Trustee:

          Firstar Bank, N.A.
          101 East Fifth Street
          St. Paul, Minnesota 55101
          Attention of: Corporate Trust Department

          The Company or the Trustee by notice to the other may designate
additional or different addresses for subsequent notices or communications.

          Any notice or communication mailed to a Securityholder shall be mailed
to the Securityholder at the Securityholder's address as it appears on the
registration books of the Registrar and shall be sufficiently given if so mailed
within the time prescribed.

          Failure to mail a notice or communication to a Securityholder or any
defect in it shall not affect its sufficiency with respect to other
Securityholders.  If a notice or communication is mailed in the manner provided
above, it is duly given, whether or not the addressee receives it.

          Section 14.03. Communication by Holders with Other Holders.
                         -------------------------------------------
Securityholders may communicate pursuant to Section 312(b) of the TIA with other
Securityholders with respect

                                      -81-
<PAGE>

to their rights under this Indenture or the Securities. The Company, the
Trustee, the Registrar and anyone else shall have the protection of Section
312(c) of the TIA.

          Section 14.04. Certificate and Opinion as to Conditions Precedent.
                         --------------------------------------------------
Upon any request or application by the Company to the Trustee to take or refrain
from taking any action under this Indenture, the Company shall furnish to the
Trustee:

          (1) an Officers' Certificate in form and substance reasonably
     satisfactory to the Trustee stating that, in the opinion of the signers,
     all conditions precedent, if any, provided for in this Indenture relating
     to the proposed action have been complied with; and

          (2) an Opinion of Counsel in form and substance reasonably
     satisfactory to the Trustee stating that, in the opinion of such counsel,
     all such conditions precedent have been complied with.

          Section 14.05. Statements Required in Certificate or Opinion. Each
                         ---------------------------------------------
certificate or opinion with respect to compliance with a covenant or condition
provided for in this Indenture shall include:

          (1) a statement that the individual making such certificate or opinion
     has read such covenant or condition;

          (2) a brief statement as to the nature and scope of the examination or
     investigation upon which the statements or opinions contained in such
     certificate or opinion are based;

          (3) a statement that, in the opinion of such individual, he has made
     such examination or investigation as is necessary to enable him to express
     an informed opinion as to whether or not such covenant or condition has
     been complied with; and

          (4) a statement as to whether or not, in the opinion of such
     individual, such covenant or condition has been complied with.

          Section 14.06. When Securities Disregarded. In determining whether the
                         ---------------------------
Holders of the required Accreted Value have concurred in any direction, waiver
or consent, Securities owned by the Company, any Subsidiary Guarantor or by any
Person directly or indirectly controlling or controlled by or under direct or
indirect common control with the Company or any Subsidiary Guarantor shall be
disregarded and deemed not to be outstanding, except that, for the purpose of
determining whether the Trustee shall be protected in relying on any such
direction, waiver or consent, only Securities which the Trustee knows are so
owned shall be so disregarded. Subject to the foregoing, only Securities
outstanding at the time shall be considered in any such determination.

          Section 14.07. Rules by Trustee, Paying Agent and Registrar. The
                         --------------------------------------------
Trustee may make reasonable rules for action by or a meeting of Securityholders.
The Registrar and the Paying Agent may make reasonable rules for their
functions.

                                      -82-
<PAGE>

          Section 14.08. Legal Holidays. If a payment date is a Legal Holiday,
                         --------------
payment shall be made on the next succeeding day that is not a Legal Holiday,
and no interest shall accrue for the intervening period. If a regular record
date is a Legal Holiday, the record date shall not be affected.

          Section 14.09.    GOVERNING LAW.  THIS INDENTURE AND THE SECURITIES
                            -------------
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW
TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE
REQUIRED THEREBY.

          Section 14.10. No Recourse Against Others. A director, officer,
                         --------------------------
employee or stockholder, as such, of the Company shall not have any liability
for any obligations of the Company under the Securities or this Indenture or for
any claim based on, in respect of or by reason of such obligations or their
creation. By accepting a Security, each Securityholder shall waive and release
all such liability. The waiver and release shall be part of the consideration
for the issue of the Securities.

          Section 14.11. Successors. All agreements of the Company and each
                         ----------
Subsidiary Guarantor in this Indenture and the Securities shall bind its
successors. All agreements of the Trustee in this Indenture shall bind its
successors.

          Section 14.12. Multiple Originals. The parties may sign any number of
                         ------------------
copies of this Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement. One signed copy is enough to prove this
Indenture.

          Section 14.13. Table of Contents; Headings. The table of contents,
                         ---------------------------
cross- reference sheet and headings of the Articles and Sections of this
Indenture have been inserted for convenience of reference only, are not intended
to be considered a part hereof and shall not modify or restrict any of the terms
or provisions hereof.

          Section 14.14. Acts of Securityholders. (a) Any request, demand,
                         -----------------------
authorization, direction, notice, consent, waiver or other action provided by
this Indenture to be given or taken by Securityholders or Securityholders of any
Tranche may be embodied in and evidenced by one or more instruments of
substantially similar tenor signed by such Securityholders in person or by an
agent duly appointed in writing or may be embodied in or evidenced by an
electronic transmission which identifies the documents containing the proposal
on which such consent is requested and certifies such Securityholders' consent
thereto and agreement to be bound thereby; and, except as herein otherwise
expressly provided, such action shall become effective when such instrument or
instruments are delivered to the Trustee, and, where it is hereby expressly
required, to the Company.

          (b) The fact and date of the execution by any Person of any such
instrument or writing may be proved by the affidavit of a witness to such
execution or by the certificate of any notary public or other officer authorized
by law to take acknowledgments of deeds, certifying that the individual signing
such instrument or writing acknowledged to him the execution

                                      -83-
<PAGE>

thereof. Where such execution is by an officer of a corporation or a member of a
partnership, on behalf of such corporation or partnership, such certificate or
affidavit shall also constitute sufficient proof of his authority. The fact and
date of the execution of any such instrument or writing, or the authority of the
person executing the same, may also be proved in any other manner which the
Trustee deems sufficient.

          (c) The ownership of Securities shall be proved by the Security
Register.

          (d) If the Company shall solicit from the Holders any request, demand,
authorization, direction, notice, consent, waiver or other action, the Company
may, at its option, by resolution of the board of directors of the Company, fix
in advance a record date for the determination of Holders entitled to give such
request, demand, authorization, direction, notice, consent, waiver or other
action, but the Company shall have no obligation to do so. Such record date
shall be the later of 10 days prior to the first solicitation of such action or
the date of the most recent list of Holders furnished to the Trustee pursuant to
Section 2.05. If such a record date is fixed, such request, demand,
authorization, direction, notice, consent, waiver or other action may be given
before or after the record date, but only the Holders of record at the close of
business on the record date shall be deemed to be Holders for the purposes of
determining whether Holders of the requisite proportion of Securities
outstanding have authorized or agreed or consented to such request, demand,
authorization, direction, notice, consent, waiver or other action, and for that
purpose the Securities outstanding shall be computed as of the record date;
provided that no such authorization, agreement or consent by the Holders on the
record date shall be deemed effective unless it shall become effective pursuant
to the provisions of this Indenture not later than six months after the record
date, and that no such authorization, agreement or consent may be amended,
withdrawn or revoked once given by a Holder, unless the Company shall provide
for such amendment, withdrawal or revocation in conjunction with such
solicitation of authorizations, agreements or consents or unless and to the
extent required by applicable law.

          (e) Any request, demand, authorization, direction, notice, consent,
waiver or other action by the Holder of any Security shall bind the Holder of
every Security issued upon the registration of transfer thereof or in exchange
therefor or in lieu thereof, in respect of anything done or suffered to be done
by the Trustee or the Company in reliance thereon whether or not notation of
such action is made upon such Security.

                                      -84-
<PAGE>

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

                                 TELECORP PCS, INC.,

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

                                 FIRSTAR BANK, N.A., as Trustee,

                                 by /s/ Frank Leslie
                                   __________________________________
                                    Name:  Frank Leslie
                                    Title: Vice President<PAGE>

                                                                     EXHIBIT 4.5
                                                                  EXECUTION COPY

                              TELECORP PCS, INC.

                                 $171,274,000

                11% Senior Subordinated Discount Notes due 2011

                  EXCHANGE AND REGISTRATION RIGHTS AGREEMENT

                                 April 6, 2001

Lucent Technologies Inc.
600 Mountain Avenue
Murray Hill, New Jersey 07974

Ladies and Gentlemen:

          TeleCorp PCS, Inc. (formerly known as TeleCorp-Tritel Holding
Company), a Delaware corporation (the "Company"), proposes to issue and sell to
                                       -------
you as the purchaser (the "Purchaser"), upon the terms and subject to the
                           ---------
conditions set forth that certain Securities Purchase Agreement dated as of
April 3, 2001 (the "Purchase Agreement"), between the Company and the Purchaser,
                    ------------------
$171,274,000 aggregate principal amount at maturity of its 11% Senior
Subordinated Discount Notes due April 15, 2011 (the "Securities").  Capitalized
                                                     ----------
terms used but not defined herein shall have the meanings given to such terms in
the Purchase Agreement.

          As an inducement to enter into the Purchase Agreement and in
satisfaction of a condition to the obligations of the Purchaser thereunder, the
Company agrees with the Purchaser, for the benefit of the holders (including the
Purchaser) of the Securities, the Exchange Securities (as defined herein) and
the Private Exchange Securities (as defined herein) (collectively, the

"Holders"), as follows:
 -------

          1.  Registered Exchange Offer. The Company shall (i) prepare and, not
later than 60 days following the date of original issuance of the Securities
(the "Issue Date"), file with the Commission a registration statement (the
      ----------
"Exchange Offer Registration Statement") on an appropriate form under the
 -------------------------------------
Securities Act with respect to a proposed offer to the Holders of the
<PAGE>

Securities (the "Registered Exchange Offer") who are not prohibited by
                 -------------------------
applicable law or interpretations thereof by the Commission's staff from
participating in the Registered Exchange Offer to issue and deliver to such
Holders, in exchange for the Securities, a like aggregate principal amount of
debt securities of the Company (the "Exchange Securities") that are identical in
                                     -------------------
all material respects to the Securities, except for the transfer restrictions
and registration rights relating to the Securities, (ii) use its commercially
reasonable efforts to cause the Exchange Offer Registration Statement to become
effective under the Securities Act no later than 180 days after the Issue Date
and the Registered Exchange Offer to be consummated no later than 210 days after
the Issue Date and (iii) keep the Exchange Offer Registration Statement
effective for not less than 30 days (or longer, if required by applicable law)
after the date on which notice of the Registered Exchange Offer is mailed to the
Holders (such period being called the "Exchange Offer Registration Period");
                                       ----------------------------------
provided that the Company may elect to close the Registered Exchange Offer 30
--------
days after the commencement thereof (unless otherwise required by applicable
law), so long as the Company has accepted all Securities validly tendered in
accordance with the terms of the Registered Exchange Offer. The Exchange
Securities will be issued under the Indenture or an indenture (the "Exchange
                                                                    --------
Securities Indenture") between the Company and the Trustee or such other bank or
--------------------
trust company that is reasonably satisfactory to the Purchasers, as trustee (the
"Exchange Securities Trustee"), such indenture to be identical in all material
 ---------------------------
respects to the Indenture, except for the transfer restrictions and registration
rights relating to the Securities (as described above).

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

                                      -2-
<PAGE>

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

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

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

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

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

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

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

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

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

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

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

                                      -3-
<PAGE>

          The Company shall use its commercially reasonable efforts to keep the
Exchange Offer Registration Statement effective and to amend and supplement the
prospectus contained therein in order to permit such prospectus to be used by
all persons subject to the prospectus delivery requirements of the Securities
Act for such period of time as such persons must comply with such requirements
in order to resell the Exchange Securities; provided that (i) in the case where
                                            --------
such prospectus and any amendment or supplement thereto must be delivered by an
Exchanging Dealer, such period shall be the lesser of 180 days and the date on
which all Exchanging Dealers have sold all Exchange Securities held by them and
(ii) the Company shall make such prospectus and any amendment or supplement
thereto available to any broker-dealer for use in connection with any resale of
any Exchange Securities for a period of not less than 180 days after the
consummation of the Registered Exchange Offer.

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

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

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

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

                                      -4-
<PAGE>

statements therein, in the light of the circumstances under which they were
made, not misleading.

          2.  Shelf Registration. If (i) because of any change in applicable law
or interpretations thereof by the Commission's staff, the Company is not
permitted to effect the Registered Exchange Offer as contemplated by Section 1
hereof or (ii) any Securities validly tendered pursuant to the Registered
Exchange Offer are not exchanged for Exchange Securities within 210 days after
the Issue Date or (iii) the Purchaser so requests with respect to Securities or
Private Exchange Securities not eligible to be exchanged for Exchange Securities
in the Registered Exchange Offer and held by it following the consummation of
the Registered Exchange Offer or (iv) any applicable law or interpretation
thereof by the Commission's staff do not permit any Holder to participate in the
Registered Exchange Offer or (v) any Holder that participates in the Registered
Exchange Offer does not receive freely transferable Exchange Securities in
exchange for tendered Securities or (vi) the Company so elects, then the
following provisions shall apply:

          (a)  the Company shall use its commercially reasonable efforts to file
as promptly as practicable (but in no event more than 60 days after so required
or requested pursuant to this Section 2) with the Commission, and thereafter
shall use its commercially reasonable efforts to cause to be declared effective,
a shelf registration statement on an appropriate form under the Securities Act
relating to the offer and sale of the Transfer Restricted Securities (as defined
below) by the Holders thereof from time to time in accordance with the methods
of distribution set forth in such registration statement (hereafter, a "Shelf
                                                                        -----
Registration Statement" and, together with any Exchange Offer Registration
----------------------
Statement, a "Registration Statement"); provided that no Holder (other than the
              ----------------------    --------
Purchasers) shall be entitled to have the Securities held by it covered by such
Shelf Registration Statement unless such Holder agrees in writing to be bound by
all the provisions of this Agreement applicable to such Holder.

          (b)  The Company shall use its commercially reasonable efforts to keep
the Shelf Registration Statement continuously effective in order to permit the
prospectus forming part thereof to be used by Holders of Transfer Restricted
Securities for a period ending on the earlier of (i) two years from the Issue
Date or such shorter period that will terminate when all the Transfer Restricted
Securities covered by the Shelf Registration Statement have been sold pursuant
thereto and (ii) the date on which the Securities become eligible for resale
without volume restrictions pursuant to Rule 144 under the Securities Act (in
any such case, such period being called the "Shelf Registration Period"). The
                                             -------------------------
Company shall be deemed not to have used its commercially reasonable efforts to
keep the Shelf Registration Statement effective during the requisite period if
it voluntarily takes any action that would result in Holders of Transfer
Restricted Securities covered thereby not being able to offer and sell such
Transfer Restricted Securities during that period, unless (i) such action is
required by applicable law or (ii) such action is taken by the Company in good
faith and for valid business reasons (not including avoidance of its obligations
hereunder), provided that the Company within 90 days thereafter complies with
the requirements of Section 4(k) hereof. Any such period during which the
Company fails to keep the Shelf Registration Statement effective and usable for
offers and sales of Securities, Private Exchange Securities and Exchange
Securities is referred to as a "Suspension Period". A Suspension Period shall
                                -----------------
commence on and include the date the Company gives notice that the Shelf
Registration Statement is no longer effective or the

                                      -5-
<PAGE>

prospectus included therein is no longer usable for offers and sales of
Securities, Private Exchange Securities and Exchange Securities and shall end on
the date when each Holder of Securities, Private Exchange Securities and
Exchange Securities covered by such Shelf Registration Statement either receives
the copies of the supplemented or amended prospectus contemplated by Section
4(k) hereof or is advised in writing by the Company that use of the prospectus
may be resumed. Not more than one Suspension Period shall be permitted in any
period of 360 consecutive days. If one or more Suspension Periods occur, the
two-year time period referenced above shall be extended by the number of days
included in each such Suspension Period.

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

          3.  Liquidated Damages.

          (a)  The parties hereto agree that the Holders of Transfer Restricted
Securities will suffer damages if the Company fails to fulfill its obligations
under Section 1 or Section 2, as applicable, and that it would not be feasible
to ascertain the extent of such damages. Accordingly, if (i) the applicable
Registration Statement is not filed with the Commission on or prior to 60 days
after the Issue Date, (ii) the Exchange Offer Registration Statement or the
Shelf Registration Statement, as the case may be, is not declared effective
within 180 days after the Issue Date (or in the case of a Shelf Registration
Statement required to be filed in response to a change in applicable law or
interpretations thereof by the Commission's staff, if later, within 60 days
after publication of the change in law or interpretation), (iii) the Registered
Exchange Offer is not consummated on or prior to 210 days after the Issue Date,
or (iv) the Shelf Registration Statement is filed and declared effective within
180 days after the Issue Date (or in the case of a Shelf Registration Statement
required to be filed in response to a change in applicable law or
interpretations thereof by the Commission's staff, if later, within 60 days
after publication of the change in law or interpretation) but shall thereafter
cease to be effective (at any time that the Company is obligated to maintain the
effectiveness thereof) without being succeeded within 60 days by an additional
Registration Statement filed and declared effective (each such event referred to
in clauses (i) through (iv), a "Registration Default"), the Company will be
                                --------------------
obligated to pay liquidated damages to each Holder of Transfer Restricted
Securities, during the period of one or more such Registration Defaults, in an
amount equal to $0.192 per week per $1,000 of Accreted Value of Transfer
Restricted Securities held by such Holder until (i) the applicable

                                      -6-
<PAGE>

Registration Statement is filed, (ii) the Exchange Offer Registration Statement
is declared effective and the Registered Exchange Offer is consummated, (iii)
the Shelf Registration Statement is declared effective or (iv) the Shelf
Registration Statement again becomes effective, as the case may be. Following
the cure of all Registration Defaults, the accrual of liquidated damages will
cease. As used herein, the term "Transfer Restricted Securities" means (i) each
Security until the date on which such Security has been exchanged for a freely
transferable Exchange Security in the Registered Exchange Offer, (ii) each
Security or Private Exchange Security until the date on which it has been
effectively registered under the Securities Act and disposed of in accordance
with the Shelf Registration Statement or (iii) each Security or Private Exchange
Security until the date on which it is distributed to the public pursuant to
Rule 144 under the Securities Act or is saleable pursuant to Rule 144(k) under
the Securities Act. Notwithstanding anything to the contrary in this Section
3(a), the Company shall not be required to pay liquidated damages to a Holder of
Transfer Restricted Securities if such Holder failed to comply with its
obligations to make the representations set forth in the second to last
paragraph of Section 1 or failed to provide the information required to be
provided by it, if any, pursuant to Section 4(o).

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

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

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

          (a)  The Company shall (i) furnish to the Purchaser, prior to the
filing thereof with the Commission, a copy of the Registration Statement and
each amendment thereof and each supplement, if any, to the prospectus included
therein and shall, in its reasonable judgment, reflect in each such document,
when so filed with the Commission, such comments as the Purchaser may reasonably
propose; (ii) include information substantially to the effect set forth in Annex
A hereto on the cover, in Annex B hereto in the "Exchange Offer Procedures"
section and the "Purpose of the Exchange Offer" section and in Annex C hereto in
the "Plan of Distribution" section of the prospectus forming a part of the
Exchange Offer Registration Statement, and

                                      -7-
<PAGE>

include information substantially to the effect set forth in Annex D hereto in
the Letter of Transmittal delivered pursuant to the Registered Exchange Offer;
and (iii) if requested by the Purchaser, include the information required by
Item 507 or Item 508 of Regulation S-K, as applicable, in the prospectus forming
a part of the Exchange Offer Registration Statement.

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

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

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

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

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

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

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

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

                                      -8-
<PAGE>

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

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

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

          (h)  The Company will, during the Exchange Offer Registration Period
or the Shelf Registration Period, as applicable, promptly deliver to the
Purchaser, each Exchanging Dealer and such other persons that are required to
deliver a prospectus following the Registered Exchange Offer, without charge, as
many copies of the final prospectus included in the Exchange Offer Registration
Statement or the Shelf Registration Statement and any amendment or supplement
thereto as the Purchasers, Exchanging Dealer or other persons may reasonably
request; and the Company consents to the use of such prospectus or any amendment
or supplement thereto by the Purchaser, Exchanging Dealer or other persons, as
applicable, in connection with any lawful offer or sale covered by such
prospectus or any amendment or supplement thereto, as aforesaid.

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

                                      -9-
<PAGE>

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

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

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

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

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

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

          (p)  In the case of a Shelf Registration Statement, each Holder of
Transfer Restricted Securities to be registered pursuant thereto agrees by
acquisition of such Transfer

                                      -10-
<PAGE>

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

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

          (r)  In the case of a Shelf Registration Statement, the Company shall
(i) make reasonably available for inspection by a representative of, and Special
Counsel (as defined below) acting for, Holders of a majority in aggregate
principal amount at maturity of the Securities, Exchange Securities and Private
Exchange Securities being sold and any underwriter participating in any
disposition of Securities, Exchange Securities or Private Exchange Securities
pursuant to such Shelf Registration Statement, all relevant financial and other
records, pertinent corporate documents and properties of the Company and its
subsidiaries and (ii) use its commercially reasonable efforts to have its
officers, directors, employees, accountants and counsel supply all relevant
information reasonably requested by such representative, Special Counsel or any
such underwriter (an "Inspector") in connection with such Shelf Registration
Statement.

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

                                      -11-
<PAGE>

          5.  Registration Expenses. The Company will bear all expenses incurred
in connection with the performance of its obligations under Sections 1, 2, 3 and
4 and the Company will reimburse the Purchaser and the Holders for the
reasonable fees and disbursements of Sidley & Austin (in addition to any local
counsel) unless otherwise instructed by the Holders of a majority in aggregate
principal amount at maturity of the Securities, the Exchange Securities and the
Private Exchange Securities to be sold pursuant to each Registration Statement
(the "Special Counsel") acting for the Purchaser or Holders in connection
      ---------------
therewith.

          6.  Indemnification.

          (a)  In the event of a Shelf Registration Statement or in connection
with any prospectus delivery pursuant to an Exchange Offer Registration
Statement by the Purchasers or Exchanging Dealer, as applicable, the Company
shall indemnify and hold harmless each Holder (including, without limitation,
the Purchaser or any such Exchanging Dealer), its affiliates, their respective
officers, directors, employees, representatives and agents, and each person, if
any, who controls such Holder within the meaning of the Securities Act or the
Exchange Act (collectively referred to for purposes of this Section 6 and
Section 7 as a Holder) from and against any loss, claim, damage or liability,
joint or several, or any action in respect thereof (including, without
limitation, any loss, claim, damage, liability or action relating to purchases
and sales of Securities, Exchange Securities or Private Exchange Securities), to
which that Holder may become subject, whether commenced or threatened, under the
Securities Act, the Exchange Act, any other federal or state statutory law or
regulation, at common law or otherwise, insofar as such loss, claim, damage,
liability or action arises out of, or is based upon, (i) any untrue statement or
alleged untrue statement of a material fact contained in any such Registration
Statement or any prospectus forming part thereof or in any amendment or
supplement thereto, or (ii) the omission or alleged omission to state therein a
material fact required to be stated therein or necessary in order to make the
statements therein, in the light of the circumstances under which they were
made, not misleading, and shall reimburse each Holder promptly upon demand for
any legal or other expenses reasonably incurred by that Holder in connection
with investigating or defending or preparing to defend against or appearing as a
third party witness in connection with any such loss, claim, damage, liability
or action as such expenses are incurred; provided, that the Company shall not be
                                         --------
liable in any such case to the extent that any such loss, claim, damage,
liability or action arises out of, or is based upon, an untrue statement or
alleged untrue statement in, or omission or alleged omission from, any of such
documents in reliance upon and in conformity with any Holders' Information; and
provided, further that with respect to any such untrue statement in or omission
--------  -------
from any related preliminary prospectus, the indemnity agreement contained in
this Section 6(a) shall not inure to the benefit of any Holder from whom the
person asserting any such loss, claim, damage, liability or action received
Securities, Exchange Securities or Private Exchange Securities to the extent
that such loss, claim, damage, liability or action of or with respect to such
Holder results from the fact that both (i) a copy of the final prospectus was
not sent or given to such person at or prior to the written confirmation of the
sale of such Securities, Exchange Securities or Private Exchange Securities to
such person and (ii) the untrue statement in or omission from the related
preliminary prospectus was corrected in the final prospectus unless, in either
case, such failure to deliver the final prospectus was a result of non-
compliance by the Company with Section 4(e), 4(f), 4(g) or 4(h), as applicable.

                                      -12-
<PAGE>

          (b)  In the event of a Shelf Registration Statement, each Holder shall
indemnify and hold harmless the Company, its affiliates, their respective
officers, directors, employees, representatives and agents, and each person, if
any, who controls the Company within the meaning of the Securities Act or the
Exchange Act (collectively referred to for purposes of this Section 6(b) and
Section 7 as the Company), from and against any loss, claim, damage or
liability, joint or several, or any action in respect thereof, to which the
Company may become subject, whether commenced or threatened, under the
Securities Act, the Exchange Act, any other federal or state statutory law or
regulation, at common law or otherwise, insofar as such loss, claim, damage,
liability or action arises out of, or is based upon, (i) any untrue statement or
alleged untrue statement of a material fact contained in any such Registration
Statement or any prospectus forming part thereof or in any amendment or
supplement thereto or (ii) the omission or alleged omission to state therein a
material fact required to be stated therein or necessary in order to make the
statements therein, in the light of the circumstances under which they were
made, not misleading, but in each case only to the extent that the untrue
statement or alleged untrue statement or omission or alleged omission was made
in reliance upon and in conformity with any Holders' Information furnished to
the Company by such Holder, and shall reimburse the Company for any legal or
other expenses reasonably incurred by the Company in connection with
investigating or defending or preparing to defend against or appearing as a
third party witness in connection with any such loss, claim, damage, liability
or action as such expenses are incurred; provided, however, that no such Holder
shall be liable for any indemnity claims hereunder in excess of the amount of
net proceeds received by such Holder from the sale of Securities, Exchange
Securities or Private Exchange Securities pursuant to such Shelf Registration
Statement or prospectus.

          (c)  Promptly after receipt by an indemnified party under this Section
6 of notice of any claim or the commencement of any action, the indemnified
party shall, if a claim in respect thereof is to be made against the
indemnifying party pursuant to Section 6(a) or 6(b), notify the indemnifying
party in writing of the claim or the commencement of that action; provided, that
                                                                  --------
the failure to notify the indemnifying party shall not relieve it from any
liability which it may have under this Section 6 except to the extent that it
has been prejudiced (through the forfeiture of substantive rights or defenses)
by such failure; and provided, further, that the failure to notify the
                     --------  -------
indemnifying party shall not relieve it from any liability which it may have to
an indemnified party otherwise than under this Section 6. If any such claim or
action shall be brought against an indemnified party, and it shall notify the
indemnifying party thereof, the indemnifying party shall be entitled to
participate therein and, to the extent that it wishes, jointly with any other
similarly notified indemnifying party, to assume the defense thereof with
counsel reasonably satisfactory to the indemnified party. After notice from the
indemnifying party to the indemnified party of its election to assume the
defense of such claim or action, the indemnifying party shall not be liable to
the indemnified party under this Section 6 for any legal or other expenses
subsequently incurred by the indemnified party in connection with the defense
thereof other than the reasonable costs of investigation; provided, that an
                                                          --------
indemnified party shall have the right to employ its own counsel in any such
action, but the fees, expenses and other charges of such counsel for the
indemnified party will be at the expense of such indemnified party unless (i)
the employment of counsel by the indemnified party has been authorized in
writing by the indemnifying party, (ii) the indemnified party has reasonably
concluded (based upon advice of counsel to the indemnified party) that there may
be legal defenses available to it or other indemnified parties that are
different from or in addition to those available to the indemnifying

                                      -13-
<PAGE>

party, (iii) a conflict or potential conflict exists (based upon advice of
counsel to the indemnified party) between the indemnified party and the
indemnifying party (in which case the indemnifying party will not have the right
to direct the defense of such action on behalf of the indemnified party) or (iv)
the indemnifying party has not in fact employed counsel reasonably satisfactory
to the indemnified party to assume the defense of such action within a
reasonable time after receiving notice of the commencement of the action, in
each of which cases the reasonable fees, disbursements and other charges of
counsel will be at the expense of the indemnifying party or parties. It is
understood that the indemnifying party or parties shall not, in connection with
any proceeding or related proceedings in the same jurisdiction, be liable for
the reasonable fees, disbursements and other charges of more than one separate
firm of attorneys (in addition to any local counsel) at any one time for all
such indemnified party or parties. Each indemnified party, as a condition of the
indemnity agreements contained in Sections 6(a) and 6(b), shall use all
commercially reasonable efforts to cooperate with the indemnifying party in the
defense of any such action or claim. No indemnifying party shall be liable for
any settlement of any such action effected without its written consent (which
consent shall not be unreasonably withheld), but if settled with its written
consent or if there be a final judgment for the plaintiff in any such action,
the indemnifying party agrees to indemnify and hold harmless any indemnified
party from and against any loss or liability by reason of such settlement or
judgment. No indemnifying party shall, without the prior written consent of the
indemnified party (which consent shall not be unreasonably withheld), effect any
settlement of any pending or threatened proceeding in respect of which any
indemnified party is or could have been a party and indemnity could have been
sought hereunder by such indemnified party, unless such settlement includes an
unconditional release of such indemnified party from all liability on claims
that are the subject matter of such proceeding.

          7.  Contribution.  If the indemnification provided for in Section 6 is
unavailable or insufficient to hold harmless an indemnified party under Section
6(a) or 6(b), then each indemnifying party shall, in lieu of indemnifying such
indemnified party, contribute to the amount paid or payable by such indemnified
party as a result of such loss, claim, damage or liability, or action in respect
thereof, (i) in such proportion as shall be appropriate to reflect the relative
benefits received by the Company from the initial offering and sale of the
Securities, on the one hand, and by a Holder from receiving Securities, Exchange
Securities or Private Exchange Securities, as applicable, registered under the
Securities Act, on the other, or (ii) if the allocation provided by clause (i)
above is not permitted by applicable law, in such proportion as is appropriate
to reflect not only the relative benefits referred to in clause (i) above but
also the relative fault of the Company, on the one hand, and such Holder, on the
other, with respect to the statements or omissions that resulted in such loss,
claim, damage or liability, or action in respect thereof, as well as any other
relevant equitable considerations.  The relative fault shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact
relates to the Company or information supplied by the Company, on the one hand,
or to any Holders' Information supplied by such Holder, on the other, the intent
of the parties and their relative knowledge, access to information and
opportunity to correct or prevent such untrue statement or omission.  The
parties hereto agree that it would not be just and equitable if contributions
pursuant to this Section 7 were to be determined by pro rata allocation or by
any other method of allocation that does not take into account the equitable
considerations referred to herein.  The amount paid or payable by an indemnified
party as a result of the loss, claim, damage or liability,

                                      -14-
<PAGE>

or action in respect thereof, referred to above in this Section 7 shall be
deemed to include, for purposes of this Section 7, any legal or other expenses
reasonably incurred by such indemnified party in connection with investigating
or defending or preparing to defend any such action or claim. Notwithstanding
the provisions of this Section 7, an indemnifying party that is a Holder of
Securities, Exchange Securities or Private Exchange Securities shall not be
required to contribute any amount in excess of the amount by which the total
price at which the Securities, Exchange Securities or Private Exchange
Securities sold by such indemnifying party to any purchaser exceeds the amount
of any damages which such indemnifying party has otherwise paid or become liable
to pay by reason of any untrue or alleged untrue statement or omission or
alleged omission. No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation.

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

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

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

          10.  Miscellaneous.

          (a)  Amendments and Waivers. No failure or delay by the Company or any
Holder in exercising any right under this Agreement shall operate as a waiver
thereof nor shall

                                      -15-
<PAGE>

any single or partial exercise of any such right or amendment or discontinuance
of steps to enforce any such right preclude any other of further exercise
thereof or the exercise of any other right. The provisions of this Agreement may
not be amended, modified or supplemented, and waivers or consents to departures
from the provisions hereof may not be given, unless the Company has obtained the
written consent of Holders of a majority in aggregate principal amount at
maturity of the Securities, the Exchange Securities and the Private Exchange
Securities, taken as a single class. Notwithstanding the foregoing, a waiver or
consent to depart from the provisions hereof with respect to a matter that
relates exclusively to the rights of Holders whose Securities, Exchange
Securities or Private Exchange Securities are being sold pursuant to a
Registration Statement and that does not directly or indirectly affect the
rights of other Holders may be given by Holders of a majority in aggregate
principal amount of the Securities, the Exchange Securities and the Private
Exchange Securities being sold by such Holders pursuant to such Registration
Statement.

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

          (i)   if to a Holder, at the most current address given by such Holder
     to the Company in accordance with the provisions of this Section 10(b),
     which address initially is, with respect to each Holder, the address of
     such Holder maintained by the Registrar under the Indenture, with a copy in
     like manner to the Purchaser;

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

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

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

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

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

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

                                      -16-
<PAGE>

          (f)  Headings.  The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

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

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

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

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

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

                                      -17-
<PAGE>

          Please confirm that the foregoing correctly sets forth the agreement
between the Company and the Purchaser.

                                 Very truly yours,

                                 TELECORP PCS, INC.

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

Accepted:
LUCENT TECHNOLOGIES INC.

By: /s/ Robert Grant
    ----------------------------
    Name:  Robert Grant
    Title: Director

                                      -18-
<PAGE>

                                                                         ANNEX A

          Each broker-dealer that receives Exchange Securities for its own
account pursuant to the Registered Exchange Offer must acknowledge that it will
deliver a prospectus in connection with any resale of such Exchange Securities.
The Letter of Transmittal states that by so acknowledging and by delivering a
prospectus, a broker-dealer will not be deemed to admit that it is an
"underwriter" within the meaning of the Securities Act.  This Prospectus, as it
may be amended or supplemented from time to time, may be used by a broker-dealer
in connection with resales of Exchange Securities received in exchange for
Securities where such Securities were acquired by such broker-dealer as a result
of market-making activities or other trading activities.  The Company has agreed
that, for a period of 180 days after the expiration of the Exchange Offer, it
will make this Prospectus available to any broker-dealer for use in connection
with any such resale.  See "Plan of Distribution".

                                   Annex A-1
<PAGE>

                                                                         ANNEX B

          Each broker-dealer that receives Exchange Securities for its own
account in exchange for Securities, where such Securities were acquired by such
broker-dealer as a result of market-making activities or other trading
activities, must acknowledge that it will deliver a prospectus in connection
with any resale of such Exchange Securities.  See "Plan of Distribution".

                                   Annex B-1
<PAGE>

                                                                         ANNEX C

                              PLAN OF DISTRIBUTION

          Each broker-dealer that receives Exchange Securities for its own
account pursuant to the Registered Exchange Offer must acknowledge that it will
deliver a prospectus in connection with any resale of such Exchange Securities.
This Prospectus, as it may be amended or supplemented from time to time, may be
used by a broker-dealer in connection with resales of Exchange Securities
received in exchange for Securities where such Securities were acquired as a
result of market-making activities or other trading activities.  The Company has
agreed that, for a period of 180 days after the expiration of the Exchange
Offer, it will make this prospectus, as amended or supplemented, available to
any broker-dealer for use in connection with any such resale.  In addition,
until [               ], all dealers effecting transactions in the Exchange
Securities may be required to deliver a prospectus.

          The Company will not receive any proceeds from any sale of Exchange
Securities by broker-dealers.  Exchange Securities received by broker-dealers
for their own account pursuant to the Registered Exchange Offer may be sold from
time to time in one or more transactions in the over-the-counter market, in
negotiated transactions, through the writing of options on the Exchange
Securities or a combination of such methods of resale, at market prices
prevailing at the time of resale, at prices related to such prevailing market
prices or at negotiated prices.  Any such resale may be made directly to
purchasers or to or through brokers or dealers who may receive compensation in
the form of commissions or concessions from any such broker-dealer or the
purchasers of any such Exchange Securities.  Any broker-dealer that resells
Exchange Securities that were received by it for its own account pursuant to the
Registered Exchange Offer and any broker or dealer that participates in a
distribution of such Exchange Securities may be deemed to be an "underwriter"
within the meaning of the Securities Act and any profit on any such resale of
Exchange Securities and any commission or concessions received by any such
persons may be deemed to be underwriting compensation under the Securities Act.
The Letter of Transmittal states that, by acknowledging that it will deliver and
by delivering a prospectus, a broker-dealer will not be deemed to admit that it
is an "underwriter" within the meaning of the Securities Act.

          For a period of 180 days after the expiration of the Exchange Offer
the Company will promptly send additional copies of this Prospectus and any
amendment or supplement to this Prospectus to any broker-dealer that requests
such documents in the Letter of Transmittal.  The Company has agreed to pay all
expenses incident to the Registered Exchange Offer (including the expenses of
one counsel for the Holders of the Securities) other than commissions or
concessions of any broker-dealers and will indemnify the Holders of the
Securities (including any broker-dealers) against certain liabilities, including
liabilities under the Securities Act.

                                   Annex C-1
<PAGE>

                                                                         ANNEX D

          [ ]  CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH
          TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS
          AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO.

          Name:
          Address:

If the undersigned is not a broker-dealer, the undersigned represents that it is
not engaged in, and does not intend to engage in, a distribution of Exchange
Securities.  If the undersigned is a broker-dealer that will receive Exchange
Securities for its own account in exchange for Securities that were acquired as
a result of market-making activities or other trading activities, it
acknowledges that it will deliver a prospectus in connection with any resale of
such Exchange Securities; however, by so acknowledging and by delivering a
prospectus, the undersigned will not be deemed to admit that it is an
"underwriter" within the meaning of the Securities Act.

                                   Annex D-1

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