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EXHIBIT 10.30  

THIS
NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY APPLICABLE LAW OR REGULATION OF ANY STATE AND IS NOT TRANSFERABLE EXCEPT UPON THE CONDITIONS SPECIFIED IN
SECTION 14 OF THE PURCHASE AGREEMENT REFERRED TO HEREIN. 

 
 

UBIQUITEL OPERATING COMPANY
  14% Senior Unsecured Discount Series B Note
  Due December 31, 2008    
  

 
 

Dated: February 26, 2003    
  

        The following information is supplied for purposes of Sections 1273 and 1275 of the Internal Revenue Code of 1986, as amended: 

	

Issue Date:	
 	

February 26, 2003
	

Issue Price (for each $1,000 of principal amount at maturity):	
 	

$712.50
	

Original Issue Discount under Section 1273 of the Internal Revenue Code (for each $1,000 of principal amount at maturity):	
 	

$287.50
	

Yield to Maturity:	
 	

16.214%

        FOR
VALUE RECEIVED, the undersigned UbiquiTel Operating Company, a Delaware corporation (herein, together with any successor, referred to as the
"Company"), hereby promises to pay to                        or registered assigns,
the principal sum of            Dollars ($            ) on
December 31, 2008, with interest (computed on the basis of a 360 day year) on the unpaid balance of such principal sum from the date hereof at the interest rate of 14% per annum,
payable, in arrears, semi-annually on the fifteenth day of April and October of each year, commencing October 15, 2005, until the entire principal amount hereof shall have become
due and payable, whether at maturity or at a date fixed for prepayment or by acceleration or declaration or otherwise, and at the Default Rate on any overdue installment of principal (including any
overdue prepayment of principal) and (to the extent permitted by law) on any overdue installment of interest until paid (whether or not circumstance prevents such payment). The "Default Rate" shall be
a per annum interest rate equal to the lesser of (A) 16% per annum and (B) the highest rate permitted by law. 

        If
any payment of interest due hereunder becomes due and payable on a day which is not a Business Day (as defined in the Purchase Agreement referred to below), the due date thereof shall
be the next preceding day which is a Business Day, and the interest payable on such next preceding Business Day shall be the interest which would otherwise have been payable on the due date which was
not a Business Day. 

        Payments
of principal and interest shall be made in lawful money of the United States of America as provided in the Purchase Agreement referred to below, to the address or account
designated by the holder hereof for such purpose. 

        This
Series B Note is issued pursuant to a Purchase Agreement dated as of February 14, 2003 between the Company, UbiquiTel Inc. and the Purchasers listed therein
(the "Purchase Agreement"). 

        This
Series B Note is subject to the provisions of and is entitled to the benefits of the Purchase Agreement. To the extent any provisions of this Note and the Purchase Agreement
are in conflict, such 

 

provisions of the Purchase Agreement shall prevail. Each holder of this Series B Note, by accepting the same, agrees to and shall be bound by the provisions of the Purchase Agreement. 

        No
reference herein to the Purchase Agreement and no provision hereof or thereof shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the
principal hereof and interest hereon at the respective times and places specified herein and in the Purchase Agreement, but the maturity of all Series B Notes may be accelerated upon an Event
of Default only in the manner set forth in Section 12 of the Purchase Agreement. 

        This
Series B Note is transferable only upon the terms and conditions specified in the Purchase Agreement. 

        In
case an Event of Default (as defined in the Purchase Agreement) shall occur and be continuing, the principal of this Series B Note may be declared due and payable in the manner
and with the effect provided in the Purchase Agreement. 

        This
Series B Note shall be construed and enforced in accordance with and governed by the laws of the State of New York (other than any conflict of laws rules which might result
in the application of the laws of any other jurisdiction). 

        Subject
to the provisions of Section 14 of the Purchase Agreement, the Company may treat the person in whose name this Series B Note is registered as the owner and holder
of this Series B Note for the purpose of receiving payment of principal of, and interest on, this Series B Note and for all other purposes whatsoever, and the Company shall not be
affected by any notice to the contrary (except that the Company shall comply with the provisions of Section 11 of the Purchase Agreement regarding the issuance of a new Series B Note or
Series B Notes to permitted transferees). 

        IN
WITNESS WHEREOF, UbiquiTel Operating Company has caused this Series B Note to be dated and to be executed and issued on its behalf by its duly authorized officer. 

	 	 	UBIQUITEL OPERATING COMPANY
	

 	
 	
By	

 
	 	 	 	
 Name: Donald A. Harris

Title: President and CEO

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UBIQUITEL OPERATING COMPANY 14% Senior Unsecured Discount Series B Note Due December 31, 2008

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EXHIBIT 10.31  

 
 

GUARANTEE    
  

        THIS GUARANTEE (this "Guarantee"), dated as of February 26, 2003, by UbiquiTel Inc., a Delaware
corporation ("Parent") and parent company of UbiquiTel Operating Company ("Borrower"), and subsidiaries
of Borrower VIA Holding Inc., a California corporation, VIA Wireless LLC, a California limited liability company, and VIA Building, LLC, a Nevada limited liability company (collectively with
Parent, the "Guarantors"), is made in favor of the Purchasers of 14% Senior Unsecured Series B Notes of the Borrower pursuant to a Note Purchase
Agreement among Borrower, Parent and the Purchasers dated of even date herewith (the "Purchase Agreement"). All capitalized terms set forth herein and
not otherwise defined shall have the meanings as defined in the Purchase Agreement. 

 
 

WITNESSETH:    
  

        WHEREAS, contemporaneously herewith on the date hereof, Borrower has executed and delivered to the Purchasers the Series B Notes; 

        WHEREAS,
pursuant to Section 10.8 of the Purchase Agreement, the Guarantors are required to execute and deliver to the Purchasers this Guarantee pursuant to which the Guarantors
shall jointly and severally unconditionally guarantee all of Borrower's Obligations (as defined below) under the Series B Notes on the terms and conditions set forth herein; 

        WHEREAS,
Borrower has agreed to make full and timely payments of principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under the
Series B Notes and the Purchase Agreement (collectively, the "Obligations"); and 

        WHEREAS,
Guarantors will benefit directly and indirectly from the purchase of the Series B Notes by Holders. 

        NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guarantors covenant and agree for the
equal and ratable benefit of the Purchasers of the Series B Notes as follows: 

        1.    Agreement to Guarantee.    Each Guarantor hereby agrees, jointly and severally, to guarantee to each holder of a
Series B Note (each, a "Holder" and collectively, "Holders"), irrespective of the validity and
enforceability of the Purchase Agreement, the Series B Notes or the Obligations of Borrower thereunder, that: 

        (a)  The
principal of and interest on the Series B Notes shall be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and
interest on the overdue principal of the Series B Notes to the extent lawful, and all Obligations shall be promptly paid in full or performed, all in accordance with the terms of the
Series B Notes and the Purchase Agreement. 

        (b)  In
case of any extension of time of payment or renewal of any Series B Notes or other Obligations, that same shall be promptly paid in full when due or performed
in accordance with the terms of the extension or renewal, whether at state dmaturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed or any performance so
guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay the same immediately. 

        (c)  The
liability of Guarantors hereunder shall be unconditional and unlimited, irrespective of the validity, regularity or enforceability of the Series B Notes or
the Purchase Agreement, the absence of any action to enforce the same, the recovery of any judgment against Borrower, any action to enforce the same or any other circumstance which might otherwise
constitute a legal or equitable discharge or defense of a Guarantor. THIS GUARANTEE IS A CONTINUING 

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GUARANTEE AND SURETYSHIP AGREEMENT AND SHALL CONTINUE IN FORCE UNTIL ALL OBLIGATIONS HAVE BEEN PAID OR SATISFIED IN FULL. 

        (d)  The
Guarantors each hereby waive diligence, presentment, demand of payment, filing of claims with a court in the event of bankruptcy or insolvency of the Borrower, any
right to require a proceeding first against Borrower, protest, notice and all demands whatsoever. 

        (e)  This
Guarantee shall not be discharged except by complete performance of the Obligations contained in the Series B Notes and the Purchase Agreement. 

        (f)    If
any Holder is required by any court or otherwise to return to Borrower, the Guarantors, or any custodian, liquidator or other similar official acting in relation to
either Borrower or the Guarantors, any amount paid by either to such Holder, this Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. 

        (g)  The
Guarantor shall not be entitled to any right of subrogation in relation to the Holders in respect of any Obligations guaranteed hereby until payment in full of all
Obligations guaranteed hereby. 

        (h)  As
between the Guarantors, on the one hand and, the Holders, on the other hand, (i) the maturity of the Obligations guaranteed hereby may be accelerated as
provided in Section 14 of the Purchase Agreement for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the
Obligations guaranteed hereby, and (ii) in the event of any declaration of acceleration of such Obligations as provided in Section 14 of the Purchase Agreement, such Obligations (whether
or not due and payable) shall forthwith become due and payable by the Guarantors for the purpose of this Guarantee. 

        (i)    The
Guarantors shall have the right to seek contribution from a non-paying Guarantor so long as the exercise of such right does not impair the rights of the
Holders under the Guarantee. 

        (j)    Notwithstanding
the foregoing, in the event that this Guarantee would constitute or result in a violation of any applicable fraudulent conveyance or similar law of any
relevant jurisdiction, the liability of the Guarantor under this Guarantee shall be reduced to the maximum amount permissible under such fraudulent conveyance or similar law. 

        2.    Execution and Delivery.    Each Guarantor agrees that the Guarantees shall remain in full force and effect
notwithstanding any failure to endorse on each Series B Note a notation of such Guarantee. 

        3.    Guarantor Consolidation.    Nothing contained in herein, in the Purchase Agreement or in any of the
Series B Notes (a) shall prevent any consolidation or merger of a Guarantor with or into Borrower or another Guarantor or with or into a Subsidiary of Borrower or any Guarantor hereafter
created or acquired, provided that (i) immediately after giving effect to the transaction, no Event of Default exists under the Purchase Agreement, and (ii) such Subsidiary becomes a
Guarantor hereunder, or (b) shall prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to Borrower or another Guarantor or to a
Subsidiary of Borrower or any Guarantor hereafter created or acquired, provided that (i) immediately after giving effect to the transaction, no Event of Default exists under the Purchase
Agreement, and (ii) such Subsidiary becomes a Guarantor hereunder. 

        4.    No Recourse Against Others.    No past, present or future director, member, officer, employee, incorporator,
stockholder or agent of any Guarantor, as such, shall have any liability for any Obligations of Borrower or any Guarantor under the Series B Notes, the Purchase Agreement or this Guarantee or
for any claim based on, in respect of, or by reason of, the Obligations or their creation. Each Holder by accepting a Series B Note waives and releases all such liability. This waiver and
release are part of the consideration for issuance of the Series B Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the
Commission that such a waiver is against public policy. 

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        5.    Governing Law.    This Guarantee shall be construed and enforced in accordance with and governed by the laws of
the State of New York (other than any conflict of laws rules which might result in the application of the laws of any other jurisdiction). 

        6.    Cumulative Remedies.    The rights, remedies, powers and privileges provided to Holder herein or in the
Series B Notes or the Purchase Agreement shall not be deemed exclusive, but shall be cumulative and shall be in addition to any other rights, remedies, powers and privileges of Holder at law or
in equity. 

        7.    Delay or Omission Not Waiver.    Neither the failure nor any delay on the part of any Holder to exercise any
right, remedy, power or privilege under the Series B Notes or the Purchase Agreement upon the occurrence of any Event of Default or otherwise shall operate as a waiver thereof or impair any
such right, remedy, power or privilege. No waiver of any Event of Default shall affect any later Event of Default or shall impair any rights of any Holder. No single, partial or full exercise of any
rights, remedies, powers and privileges by any Holder shall preclude further or other exercise thereof. No course of dealing between any Holder and Borrower or any Guarantor shall operate as or be
deemed to constitute a waiver of such Holder's rights under the Series B Notes or the Purchase Agreement or affect the duties or obligations of Borrower or such Guarantor. 

        8.    Effect of Headings.    The Section headings herein are for convenience only and shall not affect the
construction hereof. 

        9.    Severability.    The provisions of this Guarantee and the Series B Notes and the Purchase Agreement are
deemed to be severable, and the invalidity or unenforceability of any provision shall not affect or impair the remaining provisions which shall continue in full force and effect. 

        10.    Counterparts.    This Guarantee may be executed in any number of counterparts, all of which taken together
shall constitute one and the same instrument, and any of the parties hereto may execute this Guarantee by signing any such counterpart. 

        11.    CONSENT TO JURISDICTION AND SERVICE OF PROCESS.    EACH OF THE PARTIES HEREBY AND EACH HOLDER CONSENTS TO THE
EXCLUSIVE JURISDICTION OF THE COURTS OF THE EASTERN DISTRICT OF PENNSYLVANIA OR MONTGOMERY COUNTY, PENNSYLVANIA AND IRREVOCABLY AGREES THAT, SUBJECT TO THE ELECTION, ALL ACTIONS OR PROCEEDINGS
RELATING TO THIS GUARANTEE OR THE SERIES B NOTES SHALL BE LITIGATED IN SUCH COURTS. THE PARTIES ACCEPT FOR THEMSELVES AND IN CONNECTION WITH THEIR PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE
EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS AND WAIVE ANY DEFENSE OF FORUM NON CONVENIENS, AND IRREVOCABLY AGREE TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY (SUBJECT TO ANY APPEAL AVAILABLE WITH
RESPECT TO SUCH JUDGMENT) IN CONNECTION WITH THIS GUARANTEE OR THE SERIES B NOTES. NOTHING HEREIN SHALL AFFECT THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

        12.    WAIVER OF JURY TRIAL.    EACH OF THE PARTIES HEREBY AND EACH HOLDER WAIVES THEIR RESPECTIVE RIGHTS TO A JURY
TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS GUARANTEE OR THE SERIES B NOTES, OR ANY DEALINGS AMONG THEM RELATING TO THE SUBJECT MATTER OF THIS GUARANTEE. THE SCOPE OF THIS
WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS GUARANTEE, INCLUDING WITHOUT LIMITATION,
CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND
THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS GUARANTEE OR TO THE SERIES B NOTES. IN THE EVENT OF LITIGATION, THIS GUARANTEE MAY BE FILED AS A
WRITTEN CONSENT TO A TRIAL (WITHOUT A JURY) BY THE COURT. 

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

	

 	
 	

GUARANTORS:
	

 	
 	

UBIQUITEL INC.
	

 	
 	

By:	

 Name: Donald A. Harris

Title: President and CEO
	

 	
 	

VIA HOLDING INC.
	

 	
 	

By:	

 Name: Donald A. Harris

Title: President and CEO
	

 	
 	

VIA WIRELESS LLC
	

 	
 	

By:	

 Name: Donald A. Harris

Title: President and CEO
	

 	
 	

VIA BUILDING, LLC
	

 	
 	

By:	

 Name: Donald A. Harris

Title: President and CEO

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ACCEPTED AND AGREED TO AS OF THE

DATE FIRST ABOVE WRITTEN BY THE

UNDERSIGNED HOLDERS:	
 	

 
	

BRU HOLDING CO., LLC	
 	

 
	

By:	

 Name: Bruce E. Toll

Title: Member	
 	

 
	

CBT WIRELESS INVESTMENTS, L.L.C.	
 	

 
	

By:	

 Name: Peter Lucas

Title: General Manager	
 	

 
	

By:	

 JOSEPH N. WALTER	
 	

 
	

BALLYSHANNON PARTNERS, L.P.	
 	

 
	

By:	

 Name: Bruce E. Terker

Title: President of Ballyshannon Partners, Inc., General Partner	
 	

 
	

TRELLUS PARTNERS, L.P.	
 	

 
	

By:	

 Name: Adam Usdan

Title: President of Trellus Management Company, LLC,

General Partner	
 	

 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

5

 

	PORTER PARTNERS, L.P.	 	 
	

By:	

 Name: Jeffrey H. Porter

Title: General Partner	
 	

 
	

TALKOT CROSSOVER FUND, L.P.	
 	

 
	

By:	

 Name: Thomas B. Akin

Title: Managing General Partner	
 	

 
	

EXPRESS MARINE, INC.	
 	

 
	

By:	

 Name: Richard C. Walling, Jr.

Title: Vice President	
 	

 
	

305 INVESTMENTS, L.P.	
 	

 
	

By:	

 Name: Richard C. Walling, Jr.

Title: Managing Partner	
 	

 
	

By:	

 RICHARD C. WALLING, JR.	
 	

 
	

RUSSELL INVESTMENTS	
 	

 
	

By:	

 Name: John Russell

Title: CEO	
 	

 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

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	BALLYSHANNON FAMILY PARTNERSHIP, L.P.	 	 
	

By:	

 Name: Bruce E. Terker

Title: President of Ballyshannon Partners, Inc.,

General Partner	
 	

 

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WITNESSETH

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