Document:

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                                                                   EXHIBIT 10.60

                            ASSET PURCHASE AGREEMENT

        This Asset Purchase Agreement (this "Agreement") is entered into as of
April 24, 2000 by and between WWC License L.L.C., a Delaware limited liability
company, or its assigns ("Purchaser"), and Zephyr Tele-Link, a New Jersey
general partnership ("Seller"). Purchaser and Seller are sometimes referred to
herein collectively as the "Parties" and each as a "Party."

                                    RECITALS

        WHEREAS, Seller is the holder of the non-wireline cellular radio
telephone license (call sign WPOM485) granted by the Federal Communications
Commission (the "FCC" or the "Commission") for the Oklahoma 4 Rural Service Area
(the "System");

        WHEREAS, the Parties desire that Purchaser acquire from Seller all of
the Authorizations in accordance with the terms and conditions set forth in this
Agreement; and

        WHEREAS, the Parties have determined that it would further the
development of competitive, non-wireline cellular systems in the United States
to consummate the transactions set forth herein.

        NOW, THEREFORE, in consideration of the mutual covenants and promises
contained herein and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the Parties hereto agree as follows:

                                    ARTICLE 1
                                   DEFINITIONS

        As used herein, the terms below shall have the following meanings:

        "Action" shall have the meaning set forth in Section 5.6.

        "Affiliate" of a Person shall mean any Person which directly or
indirectly controls, is controlled by, or is under common control with, such
Person. The term "control" (including, with correlative meaning, the terms
"controlled by" and "under common control with"), as used with respect to any
Person, shall mean the possession, directly or indirectly, of the power to
direct or cause the direction of the management and policies of such Person,
whether through the ownership of voting securities, by contract or otherwise.

        "Assignment Application" shall mean that joint application filed with
the FCC relating to the assignment of the Authorizations to Purchaser in the
manner contemplated by this Agreement.

        "Authorizations" shall mean the authorizations, permits and licenses
issued by the FCC and any other governmental authority to Seller relating to the
System.

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        "Closing Date" shall mean the date that is five business days after the
date on which the FCC Consent becomes a Final Order.

        "Closing" shall mean the consummation of the assignment, transfer,
conveyance and delivery of the Authorizations and the Purchase Price as
contemplated hereunder.

        "FCC Consent" shall mean the action of the FCC granting its consent to
the assignment of the FCC Authorizations from Seller to Purchaser.

        "FCC Authorizations" shall mean the Authorizations from the FCC relating
to the operation of the System.

        "Final Order" means an action or decision by the FCC or any federal or
state court or agency as to which: (i) no request for stay of the action is
pending, no such stay is in effect, and, if any deadline for filing any such
request is designated by statute or regulation, it has passed; (ii) no petition
for rehearing or reconsideration of the action or decision is pending and the
time for filing any such petition has passed; (iii) the decision making entity
does not have the action or decision under reconsideration on its own motion and
the time for such reconsideration has passed; and (iv) no appeal is pending or
in effect, and if any deadline for filing any such appeal is designated by
statute or rule, it has passed.

        "Representative" shall mean any officer, director, principal, attorney,
agent, employee or other representative of any Person.

        "Taxes" shall mean all taxes, charges, fees, levies or other
assessments, including without limitation, income, excise, use, transfer,
payroll, occupancy, property, sales, franchise, unemployment and withholding
taxes, imposed by the United States or any state, county, local or foreign
government or subdivision or agency thereof.

        "To the best knowledge" or "knowledge" of a party (or similar phrases)
shall mean to the actual knowledge of such party.

                                    ARTICLE 2
                          ASSIGNMENT OF AUTHORIZATIONS

        2.1 Assignment of Authorizations

        Subject to the terms and upon satisfaction of the conditions contained
in this Agreement, at the Closing, Seller shall sell, convey, transfer, assign
and deliver to Purchaser, and Purchaser will acquire, the Authorizations. The
Closing shall, subject to the terms and conditions hereof, take place by the
exchange of overnight deliveries and by facsimile, with the Purchase Price to be
paid as provided in Section 2.2, or at such place as may be mutually agreed upon
by Purchaser and Seller.

        2.2 Purchase Price.

        The purchase price for the Authorizations shall be Sixty Million and One
Dollars

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($60,000,001) (the "Purchase Price"), which shall be paid by Purchaser to Seller
on the Closing Date by wire transfer of immediately available funds.

                                    ARTICLE 3
                               ASSUMED OBLIGATIONS

        On the Closing Date, Purchaser shall assume and agree to discharge and
perform, as and when due, all obligations of Seller pursuant to the
Authorizations that may arise on or after the Closing Date. Except as set forth
in the previous sentence, Purchaser expressly does not, and shall not, assume or
be deemed to have assumed under this Agreement or by reason of any transactions
contemplated hereunder any debts, liabilities (contingent or otherwise) or
obligations of Seller, or any of its partners, of any nature whatsoever, or any
debts, liabilities (contingent or otherwise) or obligations relating to the
System.

                                    ARTICLE 4
                            COVENANTS AND AGREEMENTS

        4.1 Covenants of Seller

        Seller covenants and agrees from and after the execution and delivery of
this Agreement to and including the Closing Date as follows:

                4.1.1 Consummate Transactions.

                Seller shall use commercially reasonable efforts to cause the
transactions contemplated by this Agreement to be consummated in accordance with
the terms hereof, and, without limiting the generality of the foregoing, use
commercially reasonable efforts to obtain all necessary approvals and consents
required in connection with this Agreement and the transactions contemplated
hereby, including, without limitation, consents from all governmental
authorities and agencies, and to make all filings with and to give all notices
to third parties which may be necessary or reasonably required of Seller in
order to consummate the transactions contemplated hereby.

                4.1.2 Compliance with Law.

                Seller shall comply in all material respects with all applicable
laws, rules, ordinances, regulations, codes, orders, decrees, licenses and
permits of all applicable jurisdictions and governmental authorities or agencies
relating to Seller or the Authorizations.

                4.1.3 Approvals; Consents.

                Seller shall obtain and maintain in full force and effect all
approvals, consents, permits, licenses and other authorizations, from all
appropriate Federal, state and local governmental agencies or authorities
necessary or required for the ownership, retention and use of the
Authorizations. Seller shall maintain the Authorizations in full force and
effect, and shall not take any action which might have a material adverse effect
on such Authorizations.

                4.1.4 No Sale.

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                Seller shall not enter into any other contract to sell or
encumber any of its Authorizations.

        4.2 Covenant of Purchaser.

        Purchaser covenants and agrees that from and after the execution and
delivery of this Agreement to and including the Closing Date, Purchaser shall
use commercially reasonable efforts to cause the transactions contemplated by
this Agreement to be consummated in accordance with the terms hereof, and,
without limiting the generality of the foregoing, to assist Seller in obtaining
all necessary consents and authorizations of third parties, including, without
limitation, the approval of this Agreement and the transactions contemplated
hereby by all governmental authorities and agencies, including the FCC and any
state public utilities or public service commission, and to make all filings
with and to give all notices to third parties which may be necessary or
reasonably required of Purchaser in order to consummate the transactions
contemplated hereby. Purchaser shall not take any action which would result in a
breach of any of its representations and warranties hereunder.

        4.3 Governmental Filings.

        Each of Seller and Purchaser covenant and agree from and after the
execution and delivery of this Agreement to and including the Closing Date that
the parties have filed or will file with the FCC, and, if necessary, will file
with any applicable state agency or agencies, as soon as practicable following
the date hereof, joint applications requesting the approval of the assignment of
the Authorizations to Purchaser, and, if applicable, will file all necessary
applications with the Department of Justice and the Federal Trade Commission
pursuant to the Antitrust Improvement Acts of 1976, as amended ("HSR Act"). Each
of the Parties hereto shall diligently take or cooperate in the taking of all
steps which are necessary or appropriate to expedite the prosecution and
favorable consideration of such applications. The Parties covenant and agree to
undertake all actions and file such material as shall be necessary or required
to obtain any necessary waivers or other authority in connection with the
foregoing applications.

                                    ARTICLE 5
                    REPRESENTATIONS AND WARRANTIES OF SELLER

        Seller hereby makes the following representations and warranties to
Purchaser, all of which have been relied upon by Purchaser in entering into this
Agreement and the truth and accuracy of which shall constitute a condition
precedent to the obligations of Purchaser hereunder:

        5.1 Organization and Standing.

        Seller (a) is a general partnership duly organized, validly existing and
in good standing under the laws of the State of New Jersey, and (b) has full
power and authority to enter into and perform this Agreement, and to own the
Authorizations.

        5.2 Authorization and Binding Obligations.

        The execution, delivery and performance of this Agreement by Seller have
been duly and validly authorized by all necessary partnership action, including
approval of the entire transaction by the requisite vote of the partners of
Seller. This Agreement has been duly

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executed and delivered by Seller and constitutes a valid and binding agreement
of Seller, enforceable against it in accordance with its terms, except as its
enforceability may be limited by bankruptcy, insolvency, moratorium or other
laws relating to or affecting creditors' rights generally and the exercise of
judicial discretion in accordance with general equitable principles.

        5.3 No Contravention.

        Except as otherwise contemplated hereunder, the execution, delivery and
performance of this Agreement, the consummation of the transactions contemplated
hereby and the compliance with the provisions hereof by Seller will not (a)
violate any provisions of the partnership agreement or other operational
agreement of Seller, (b) result in the breach of, or constitute a default under,
or result in the creation of any lien, charge or encumbrance upon any of the
Authorizations under the provisions of any agreement or other instrument to
which Seller or its partners are a party or by which the property of Seller is
bound or affected or (c) violate any laws, regulations, orders or judgments
applicable to Seller.

        5.4 Compliance with Law.

        Seller shall comply in all material respects with all applicable laws,
rules, ordinances, regulations, codes, orders, decrees, licenses and permits of
all applicable jurisdictions and governmental authorities or agencies relating
to the Authorizations.

        5.5 Authorizations.

        The Authorizations listed on Schedule 5.5 are all of the licenses,
permits, and other authorizations owned by Seller or Seller's partners relating
to the System. The Authorizations are validly issued in the name of Seller and
are in full force and effect. The System has been operated in compliance with
all laws, rules and regulations applicable to the Authorizations, and the
Authorizations are free and clear of any restrictions which might limit the full
operation of the System (other than those routinely imposed in conjunction with
such Authorizations).

        5.6 Litigation.

        There is no action, order, writ, injunction, judgment or decree
outstanding or claim, suit, litigation, proceeding, or labor dispute ("Action"),
other than rule-making proceedings affecting the cellular telephone industry
generally, pending or, to the knowledge of Seller, threatened against, relating
to or affecting (a) Seller, (b) the Authorizations, or (c) the transactions
contemplated by this Agreement. Seller is not in default with respect to any
judgment, order, writ, injunction or decree of any court or governmental agency,
and there are no unsatisfied judgments against Seller or the Authorizations.
There is not a reasonable likelihood of an adverse determination of any pending
Action which would, individually or in the aggregate, have a material adverse
effect on the Authorizations or the financial condition of Seller.

        5.7 Complaints.

        There is not, to the best of Seller's knowledge, any Commission
investigation, notice of apparent liability or order of forfeiture pending or
outstanding against Seller or the System respecting any violation, or allegation
thereof, of any Commission rule, regulation or policy, or, to the best of
Seller's knowledge, any complaint before the Commission as a result of which an
investigation, notice of apparent liability or order of forfeiture may issue
from the

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Commission relating to the Authorizations or the System.

        5.8 Reports.

        All returns, reports and statements currently required to be filed by
Seller with the Commission or with any other governmental agency with respect to
the System have been filed and are complete and correct in all material
respects, and shall continue to be filed on a current basis until the Closing
Date. All such reports, returns and statements are (and will be, in the case of
future reports) complete and correct in all material respects as filed.

        5.9 Taxes.

        Seller has filed, or caused to be filed, with the appropriate federal,
state and local governmental agencies all required tax and information returns,
and Seller has paid, caused to be paid or accrued all Taxes shown to be due and
payable or claimed to be due and payable thereon.

        5.10 No Other Agreements to Sell the Authorizations.

        Seller has no legal obligation, absolute or contingent, to any other
person or firm to sell the Authorizations or to sell any interest in Seller or
to effect any reorganization of Seller or to enter into any agreement with
respect thereto.

        5.11 Brokers.

        Seller has entered into an arrangement with Falkenberg Capital to assist
with the sale of the Authorizations. Seller acknowledges that it shall be solely
responsible for any finder's fee, brokerage commission or similar payment in
connection with the transactions contemplated hereby.

        5.12 Miscellaneous.

        No representation or warranty made by Seller in this Agreement, and no
statement made in any schedule, exhibit, certificate or other document furnished
pursuant to this Agreement, contains or will contain any untrue statement of a
material fact or knowingly omits or fails to state, or will omit or fail to
state, any material fact or information necessary to make such representation or
warranty or any such statement not materially misleading.

                                    ARTICLE 6
                   REPRESENTATIONS AND WARRANTIES OF PURCHASER

        Purchaser hereby makes the following representations and warranties to
Seller, all of which have been relied upon by Seller in entering into this
Agreement and the truth and accuracy of which shall constitute a condition
precedent to the obligations of Seller hereunder:

        6.1 Organization and Standing

        Purchaser (a) is a corporation duly organized, validly existing and in
good standing under the laws of the state of its formation, and (b) has full
limited liability company power and authority to enter into and perform this
Agreement.

        6.2    Authorization and Binding Obligations

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        The execution, delivery and performance by Purchaser of this Agreement
has been duly and validly authorized by all necessary limited liability company
action, including any necessary approval of the entire transaction by the
managers of Purchaser. This Agreement has been duly executed and delivered by
Purchaser and constitutes a valid and binding agreement of Purchaser,
enforceable against Purchaser in accordance with its terms except as its
enforceability may be limited by bankruptcy, insolvency, moratorium or other
laws relating to or affecting creditors' rights generally and the exercise of
judicial discretion in accordance with general equitable principles.

        6.3 No Contravention

        Except as otherwise contemplated hereunder, the execution, delivery and
performance of this Agreement, the consummation of the transactions contemplated
hereby and the compliance with the provisions hereof by Purchaser will not (a)
violate any provisions of the certificate of formation and operating agreement
of Purchaser, (b) result in the breach of, or constitute a default under the
provisions of any agreement or other instrument to which Purchaser is a party or
by which the property of Purchaser is bound or affected or (c) violate any laws,
regulations, orders or judgments applicable to Purchaser.

        6.4 No Brokers

        Neither Purchaser nor any of its Affiliates has entered into or will
enter into any contract, agreement, arrangement or understanding with any person
or firm which will result in the obligation of Seller to pay any finder's fee,
brokerage commission or similar payment in connection with the transactions
contemplated hereby.

        6.5 Miscellaneous

        No representation or warranty made by Purchaser in this Agreement, and
no statement made in any schedule, exhibit, certificate or other document
furnished pursuant to this Agreement, contains or will contain any untrue
statement of a material fact or knowingly omits or fails to state, or will omit
or fail to state, any material fact or information necessary to make such
representation or warranty or any such statement not materially misleading.

        6.6 Alien Ownership

        Purchaser is in compliance with Section 310(b) of the Communications
Act, and all rules, regulations and policies of the FCC promulgated thereunder.

        6.7 FCC Matters

        Purchaser is fully qualified under the Communications Act of 1934, as
amended, to be an FCC licensee and to be approved as the assignee of the
Authorizations.

        6.8 Availability of Funds

        Purchaser has available to it, and Purchaser will have available on the
Closing

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Date, sufficient funds to enable it to consummate the transactions contemplated
by this Agreement.

                                    ARTICLE 7
                       CONDITIONS TO SELLER'S OBLIGATIONS

        The obligations of Seller to sell the Authorizations and to otherwise
consummate the transactions contemplated by this Agreement are subject, in the
discretion of Seller, to the satisfaction, on or prior to the Closing Date, of
each of the following conditions:

        7.1 Representations, Warranties and Covenants

        All representations and warranties of Purchaser contained in this
Agreement shall be true and correct in all material respects at and as of the
Closing Date as if such representations and warranties were made at and as of
the Closing Date, and Purchaser shall have performed in all material respects
all agreements and covenants required hereby to be performed by it prior to or
at the Closing Date. There shall be delivered to Seller a certificate (signed by
an officer of Purchaser) to the foregoing effect ("Purchaser's Closing
Certificate").

        7.2 Purchase Price

        Seller shall have received payment of the Purchase Price in accordance
with ARTICLE 2 hereof.

        7.3 HSR Waiting Period

        Any waiting period required by the HSR Act shall have lapsed or been
terminated, and any investigation of the transactions contemplated by this
Agreement commenced by the Department of Justice and/or the Federal Trade
Commission pursuant to the HSR Act shall have been terminated.

        7.4 Closing Documents

        Seller shall have received from Purchaser the documents and other items
to be delivered by Purchaser pursuant to Section 9.2 hereof.

                                    ARTICLE 8
                      CONDITIONS TO PURCHASER'S OBLIGATIONS

        The obligations of Purchaser to purchase the Authorizations and to
otherwise consummate the transactions contemplated by this Agreement are
subject, in the discretion of Purchaser, to the satisfaction, on or prior to the
Closing Date, of each of the following conditions:

        8.1 Representations, Warranties and Covenants

        All representations and warranties of Seller contained in this Agreement
shall be true and correct in all material respects at and as of the Closing Date
as if such representations

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and warranties were made at and as of the Closing Date, and Seller shall have
performed in all material respects all agreements and covenants required hereby
to be performed by Seller prior to or at the Closing Date. There shall be
delivered to Purchaser a certificate (signed by an officer of Seller) to the
ongoing effect ("Seller's Closing Certificate").

        8.2 Consent

        The FCC and any other applicable governmental entity shall have
consented to the assignment of the Authorizations to Purchaser and such consents
shall have become Final Orders.

        8.3 Closing Documents

        Purchaser shall have received from Seller the documents and other items
to be delivered by Seller pursuant to Section 9.1 hereof.

        8.4 Opinion of Seller's FCC Counsel

        Seller shall have delivered to Purchaser an opinion of FCC counsel for
Seller in substantially the form attached hereto as Schedule 8.4.

        8.5 HSR Waiting Period

        Any waiting period required by the HSR Act shall have lapsed or been
terminated, and any investigation of the transactions contemplated by this
Agreement commenced by the Department of Justice and/or the Federal Trade
Commission pursuant to the HSR Act shall have been terminated.

                                    ARTICLE 9
                                   THE CLOSING

        On the Closing Date:

        9.1 Deliveries by Seller to Purchaser.

        Seller shall deliver to Purchaser:

                9.1.1 one or more assignments transferring to Purchaser (or its
designee) all of Seller's interest in and to the Authorizations;

                9.1.2 the opinion of Seller's FCC counsel referenced in Sections
8.4 hereof;

                9.1.3 Seller's Closing Certificate.

        9.2 Deliveries by Purchaser to Seller

        Purchaser shall deliver to Seller (or its designee):

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                9.2.1 Purchaser's Closing Certificate;

                9.2.2 payment of the Purchase Price; and

                9.2.3 one or more assumption agreements pursuant to which
Purchaser (or its designee) agrees to assume all of Seller's interest in and to
the Authorizations on and after the Closing Date.

                                   ARTICLE 10
                                 INDEMNIFICATION

        10.1 Survival

        The several representations, warranties, covenants, and agreements of
the Parties contained in this Agreement (or in any document delivered in
connection herewith) shall be deemed to have been made on the date of this
Agreement and on the Closing Date, shall be deemed to have been relied upon by
the Parties notwithstanding any investigation made by the Parties, shall survive
the Closing Date, and shall remain operative and in full force and effect for a
period of one (1) year following the Closing Date (the "indemnification
period").

        10.2 Seller's Indemnity

                10.2.1 During the indemnification period (or thereafter solely
with respect to any claim for which indemnification has been made prior to the
expiration of the indemnification period), Seller shall indemnify and hold
harmless Purchaser and its Affiliates from and against any and all demands,
claims, losses, liabilities, actions or causes of action, assessments, actual
damages, penalties, reasonable costs and expenses (including, without
limitation, interest, reasonable expenses of investigation, reasonable fees and
disbursements of counsel, accountants and other experts (whether such reasonable
fees and disbursements of counsel, accountants and other experts relate to
claims, actions or causes of action asserted by Purchaser against Seller or
asserted by third parties)) (collectively "Losses") incurred or suffered by
Purchaser, its Affiliates, and their respective officers, directors, employees,
agents and representatives, arising out of, resulting from, or relating to:

                        (a) Any breach of any of the representations or
warranties made by Seller in this Agreement or in any agreement, certificate,
exhibit or other instrument delivered by the Seller pursuant to this Agreement;
and

                        (b) Any failure by Seller to perform any of its
covenants or agreements contained in this Agreement or in any agreement,
certificate or other instrument delivered by the Seller pursuant to this
Agreement.

        10.3 Purchaser's Indemnity

                10.3.1 During the indemnification period (or thereafter solely
with respect to any claim for which indemnification has been made prior to
expiration of the indemnification period), from and after

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the Closing Date, Purchaser shall indemnify and hold harmless Seller and its
Affiliates from and against any and all Losses incurred or suffered by Seller,
its Affiliates, and their respective officers, directors, employees, agents and
representatives, arising out of, resulting from, or relating to:

                        (a) Any breach of any of the representations or
warranties made by Purchaser in this Agreement or in any agreement, certificate
or other instrument delivered by Purchaser pursuant to this Agreement; and

                        (b) Any failure by Purchaser to perform any of its
covenants or agreements contained in this Agreement or in any agreement,
certificate or other instrument delivered by Purchaser pursuant to this
Agreement.

        10.4 Procedure

                In the event that any party hereto shall sustain or incur any
Losses in respect of which indemnification may be sought by such party pursuant
to this Article, the party seeking such indemnification (the "Indemnitee") shall
assert a claim for indemnification by giving prompt written notice thereof (the
"Notice") which shall describe in reasonable detail the facts and circumstances
upon which the asserted claim for indemnification is based along with a copy of
the claim or complaint, if any, to the party providing indemnification (the
"Indemnitor") and shall thereafter keep the Indemnitor reasonably informed with
respect thereto; provided that failure of the Indemnitee to give the Indemnitor
prompt notice as provided herein shall not relieve the Indemnitor of any of its
obligations hereunder, except to the extent that the Indemnitor is materially
prejudiced by such failure. For purposes of this paragraph, any notice which is
sent within 15 days of the date upon which the Indemnitee learned of such Loss
shall be deemed to have been a "prompt notice."

                If the Indemnitor wishes to defend any claim for any Losses for
which such Indemnitor is or may be liable, and such Indemnitor first establishes
(to the reasonable satisfaction of the Indemnitee) the Indemnitor's financial
ability to pay for any such Losses, then such Indemnitor may, at its own
expense, defend such claim; provided that the Indemnitee may retain counsel (at
the Indemnitee's expense) to monitor the defense of such claim, and may take
over such defense if, during the course thereof, it reasonably appears that the
Indemnitor has lost its ability to pay for any Losses threatened by such claim.
If an Indemnitor assumes the defense of such an action, no compromise or
settlement thereof may be effected by the Indemnitor without the Indemnitee's
consent, which consent shall not be unreasonably withheld. If an Indemnitor
fails, within thirty (30) days after the date of the Notice, to give notice to
the Indemnitee of said Indemnitor's election to assume the defense thereof, said
Indemnitor shall be bound by any determination made in such action or any
compromise or settlement thereof effected by the Indemnitee.

        10.5 Investigations: Waivers

        The survival periods and rights to indemnification provided for in this
Article shall remain in effect notwithstanding any investigation at any time by
or on behalf of any party hereto or any waiver by any party hereto of any
condition to such party's obligations to

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consummate the transactions contemplated hereby.

                                   ARTICLE 11
                              DEFAULT AND REMEDIES

        11.1 Opportunity to Cure

        If any Party believes another to be in material default hereunder, such
Party shall provide the other with written notice specifying in reasonable
detail the nature of such material default. If the material default has not been
cured by the earlier of: (a) the Closing Date, or (b) the later of (i) thirty
(30) days after delivery of that notice or (ii) a reasonable period of time if
such default cannot be cured within thirty (30) days after delivery of that
notice, then the Party giving such notice may terminate this Agreement and/or
exercise the remedies available to such Party pursuant to this Article, subject
to the right of the other Party to contest such action through appropriate
proceedings.

        11.2 Remedies

        The Parties hereto shall have the right to pursue any remedy that each
may have at law or in equity. Without limiting the foregoing, the parties agree
that irreparable damage would occur in the event that any of the provisions of
this Agreement were not performed in accordance with their specific terms or
were otherwise breached. It is accordingly agreed that the parties shall be
entitled to an injunction or injunctions to prevent breaches of this Agreement
and to enforce specifically the terms and provisions hereof in any court of the
United States or any state having jurisdiction, this being in addition to any
other remedy to which they are entitled at law or in equity. Each party agrees
that it will not assert, as a defense against a claim for specific performance,
that the party seeking specific performance has an adequate remedy at law.

                                   ARTICLE 12
                                   TERMINATION

        This Agreement may be terminated at the option of Seller or Purchaser
upon written notice to the other if the Assignment Application has not been
granted by Final Order within eighteen (18) months after the date of this
Agreement, or if Closing is prohibited by a change in the law. Neither party may
terminate this Agreement pursuant to this Section if such party is in material
default hereunder, or if a delay in any decision or determination by the
Commission respecting the Assignment Application has been caused or materially
contributed to by such party's action or inaction with respect to such
Assignment Application.

                                   ARTICLE 13
                                  MISCELLANEOUS

        13.1 Assignment

        Neither this Agreement nor any of the rights or obligations hereunder
may be assigned by Seller or Purchaser without the prior written consent of the
others, except that

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Purchaser may, without such consent, assign its right, title and interest in, to
and under this Agreement to an Affiliate so long as Purchaser remains obligated
to fulfill the requirements of this Agreement in the event such assignee does
not so perform. Subject to the foregoing, this Agreement shall be binding upon
and inure to the benefit of the Parties hereto and their respective successors
and assigns, and no other person shall have any right, benefit or obligation
hereunder.

        13.2 Notices; Transfer of Funds

        Unless otherwise provided herein, any notice, request, instruction or
other document to be given hereunder by any Party to the other shall be in
writing and delivered in person or by courier, by facsimile transmission, or
mailed by registered or certified mail, postage prepaid, return receipt
requested (such mailed notice to before the date of such receipt is
acknowledged), as follows:

               If to Purchaser:

                      Western Wireless Corporation
                      3650 - 131st Avenue S.E., Suite 400
                      Bellevue, Washington  98006
                      Attention:  Scott A. Hopper
                      Fax No. (425) 586-8135

               With a copy to:

                      Stokes Lawrence, P.S.
                      800 Fifth Avenue, Suite 4000
                      Seattle, WA 98104
                      Attention: Douglas C. Lawrence
                      Fax No:  (206) 464-1496

               If to Seller:

                      Zephyr Tele-Link
                      54 Broad Avenue
                      Palisades Park, N.J.  07650
                      Attention:  Guy Lanza, Jr.
                      Fax No.  (201) 945-5813

               With a copy to:

                      Fleischman and Walsh, L.L.P.
                      1400 Sixteenth Street, N.W., Suite 600
                      Washington, D.C.   20037
                      Attention:  Seth M. Warner

                                       13
<PAGE>   14

                      Fax No. (202) 265-5706

               And a copy to:

                      Falkenberg Capital
                      600 South Cherry, Suite 808
                      Denver, CO  80222
                      Attention:  Bruce Falkenberg
                      Fax No.  (303) 322-5796

or to such other place and with such other copies as either party may designate
as to itself by written notice to the others. All such notices and
communications shall be deemed to have been duly given at the time delivered by
hand, if personally delivered; five business days after being deposited in the
mail, first class postage prepaid, return receipt requested, if mailed; when
receipt confirmed, if sent by facsimile; and the next business day after timely
delivery to the courier, if sent by an over-night air courier service
guaranteeing next day delivery.

        13.3 Choice of Law

        This Agreement shall be construed, interpreted and the rights of the
Parties determined in accordance with the laws of the State of Delaware without
reference to its choice of law rules, except with respect to matters of law
concerning the internal corporate affairs of any corporate entity which is a
party to or the subject of this Agreement, and as to those matters the law of
the jurisdiction under which the respective entity derives its powers shall
govern.

        13.4 Entire Agreement; Amendments and Waivers

        This Agreement, together with all exhibits and schedules hereto,
constitutes the entire agreement among the parties pertaining to the subject
matter hereof and supersedes all prior agreements, understandings, negotiations
and discussions, whether oral or written, of the parties. No supplement,
modification or waiver of this Agreement shall be binding unless executed in
writing by the party to be bound thereby. No waiver of any of the provisions of
this Agreement shall be deemed or shall constitute a waiver of any other
provision hereof (whether or not similar), nor shall such waiver constitute a
continuing waiver unless otherwise expressly provided.

        13.5 Counterparts

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

        13.6 Invalidity

        In the event that any one or more of the provisions contained in this
Agreement or in any other instrument referred to herein, shall, for any reason,
be held to be invalid, illegal or

                                       14
<PAGE>   15

unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provision of this Agreement or any other such
instrument.

        13.7 Headings

        The headings of the Articles and Sections herein are inserted for
convenience of reference only and are not intended to be a part of or to affect
the meaning or interpretation of this Agreement.

        13.8 Expenses

        Except as otherwise expressly provided herein, Seller shall be solely
responsible for any sales and transfer Taxes arising from the purchase and sale
of the Authorizations pursuant to this Agreement. Seller and Purchaser shall
equally all HSR filing fees, if any, and all FCC filing fees. In all other
respects Seller and Purchaser will each be liable for its own expenses incurred
in connection with the negotiation, preparation, execution or performance of
this Agreement.

        13.9 Publicity

        Except as required by law or on advice of counsel, neither party shall
issue any press release or make any public statement regarding the transactions
contemplated hereby without the prior approval of the other party.

        13.10 Confidential Information

        The parties acknowledge that the transaction described herein is of a
confidential nature and shall not be disclosed except to consultants, advisors
and affiliates, or as required by law, until such time as the parties make a
public announcement regarding the transaction as provided in Section 13.9.
Seller and Purchaser shall not make any public disclosure of the specific terms
of this Agreement, except as required by law. In connection with the negotiation
of this Agreement and the preparation for the consummation of the transactions
contemplated hereby, each Party acknowledges that it will have access to
confidential information relating to the other Parties. Each Party shall treat
such information as confidential, preserve the confidentiality thereof and not
duplicate or use such information, except to advisors, consultants and
Affiliates in connection with the transactions contemplated hereby provided such
advisors, consultants and Affiliates also agree to keep such information
confidential. In the event of the termination of this Agreement for any reason
whatsoever, each Party shall return to the other all documents, work papers and
other material (including all copies thereof) obtained in connection with the
transactions contemplated hereby and will use all reasonable efforts, including
instructing any of its employees and others who have had access to such
information, to keep confidential and not to use any such information, unless
such information is now, or is hereafter disclosed, through no act or omission
of such party, in any manner making it available to the general public.

        IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be
duly executed on its behalf by its representative thereunto duly authorized as
of the day and year first

                                       15
<PAGE>   16

above written.

ZEPHYR TELE-LINK                            WWC LICENSE L.L.C.

By: /s/ Guy J. Lanza, Jr.                     By: /s/ Scott Hopper
    -------------------------------              -------------------------------
Its: Partner                                  Its: Vice President - Corporate
                                                   Development

By:  /s/ Howard Sosna
     ------------------------------
Its: Partner

By:  /s/ John A. Journalist
     ------------------------------
Its: Partner

                                    GUARANTY

        Western Wireless Corporation ("Guarantor") hereby unconditionally
guarantees the full and timely payment and performance by Purchaser of
Purchaser's obligations as set forth in this Agreement. The guarantee provided
herein is an absolute and continuing guarantee and shall not be affected by any
amendment of the Agreement or any renewal or extension of the time for payment
or performance by Purchaser of any of its obligations hereunder, or any
indulgences or waivers with respect thereto. Guarantor hereby waives any
circumstance that might constitute a defense available to, or discharge of,
Guarantor, other than such defense or discharge as would be available to
Purchaser under the terms of this Agreement.

                                            WESTERN WIRELESS CORPORATION

                                            By: /s/ Scott Hopper
                                               ---------------------------------
                                            Its: Vice President - Corporate
                                                 Development<PAGE>   1

                                                                   EXHIBIT 10.61

                          WESTERN WIRELESS CORPORATION
                            1994 MANAGEMENT INCENTIVE
                                STOCK OPTION PLAN
             (Adopted November 17, 1994; Amended September 15, 1995;
     Approved, as Adopted and as Amended, by Shareholders November 16, 1995;
 Amended and Approved, as Adopted and as Amended, by Shareholders May 20, 1999;
                            Amended February 3, 2000)

        1. ESTABLISHMENT AND PURPOSE. This 1994 Management Incentive Stock
Option Plan was established to provide an important inducement for management to
generate shareholder value by giving certain key personnel of Western Wireless
Corporation and its subsidiaries a stake in the equity of the Company. The
Company believes that the key managers participating in the Plan will seek to
build personal financial security through creating and maintaining value in the
Company for all shareholders. This Plan allows the Company to grant two types of
options, namely (1) Nonstatutory Stock Options; and (2) Incentive Stock Options
as the latter are defined and governed by Section 422 of the Internal Revenue
Code of 1986, as amended.

        2. DEFINITIONS. As used herein, the following definitions shall apply.

                "Administrator" means the Board or any Committee designated by
the Board to administer the Plan in accordance with Section 4 hereof.

                "Applicable Laws" means the legal requirements relating to the
administration and operation of stock option plans under federal and state
corporate and securities laws and the Code.

                "Board" means the Board of Directors of the Company, as
constituted from time to time.

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

                "Committee" means a committee appointed by the Board, in
accordance with Section 4 hereof. If no such committee has been appointed,
"Committee" means the full Board.

                "Common Stock" means the Common Stock of the Company, no par
value per share.

                "Company" means Western Wireless Corporation, a Washington
corporation.

                "Consultant" shall mean any person engaged by the Company who is
not an Employee.

                "Director" means a member of the Board.

                "Disability" means total and permanent disability as defined in
Section 22(e)(3) of the Code.

                "Employee" means any person, including Officers and Directors,
who is an employee (within the meaning of Section 3401(c) of the Code and the
regulations thereunder) of the Company, a Parent or a Subsidiary.

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

                                  Page 1 of 11
<PAGE>   2

                "Exercise Price" means the price at which one Share of the
Common Stock may be purchased upon exercise of an Option, as specified by the
Administrator in the applicable Option Agreement.

                "Fair Market Value" means, as of any date, the value of Common
Stock determined as follows:

                        (i) If the Common Stock is listed on any established
stock exchange or a national market system, including without limitation the
National Market System of the National Association of Securities Dealers, Inc.
Automated Quotation ("NASDAQ") System, the Fair Market Value of a Share of
Common Stock shall be the closing sales price for such stock (or the closing
bid, if no sales were reported) as quoted on such system or exchange (or the
exchange with the greatest volume of trading in Common Stock) on the last market
trading day prior to the day of determination, as reported in the Wall Street
Journal or such other source as the Administrator deems reliable;

                        (ii) If the Common Stock is quoted on the NASDAQ System
(but not on the National Market System thereof) or is regularly quoted by a
recognized securities dealer but selling prices are not reported, the Fair
Market Value of a Share of Common Stock shall be the mean between the high bid
and low asked prices for the Common Stock on the last market trading day prior
to the day of determination, as reported in the Wall Street Journal or such
other source as the Administrator deems reliable;

                        (iii) In the absence of an established market for the
Common Stock, the Fair Market Value shall be determined in good faith by the
Administrator as required.

                "Incentive Stock Option" means an Option intended to qualify as
an incentive stock option within the meaning of Section 422(b) of the Code and
the regulations promulgated thereunder.

                "Nonstatutory Stock Option" means an Option not intended to
qualify as an incentive stock option within the meaning of Section 422(b) of the
Code and the regulations promulgated thereunder.

                "Officer" means a person who is an officer of the Company within
the meaning of Section 16 of the Exchange Act and the rules and regulations
promulgated thereunder.

                "Option" means a stock option granted pursuant to the Plan.

                "Option Agreement" means a written agreement between the Company
and an Optionee evidencing the terms and conditions of an individual Option
grant. The Option Agreement is subject to the terms and conditions of the Plan,
but may be modified in the discretion of the Administrator.

                "Option Exchange Program" means a program whereby outstanding
Options are surrendered in exchange for Options with a lower exercise price.

                "Optioned Stock" means the Common Stock subject to an Option.

                "Optionee" means an Employee who holds an outstanding Option.

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

                                  Page 2 of 11
<PAGE>   3

                "Plan" means this 1994 Management Incentive Stock Option Plan of
Western Wireless Corporation, as it may be amended.

                "Publicly Traded" means that the Common Stock is listed on an
established stock exchange or traded on the Nasdaq Stock Market.

                "Rule 16b-3" means Rule 16b-3 under the Exchange Act or any
successor to Rule 16b-3, as in effect when discretion is being exercised with
respect to the Plan.

                "Service" means service as an Employee.

                "Share" means one share of the Common Stock, as adjusted in
accordance with Section 8 hereof.

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

        3. STOCK SUBJECT TO THE PLAN. Shares offered under the Plan shall be
authorized but unissued or reacquired Common Stock. The maximum aggregate number
of Shares issuable under the Plan shall not exceed seven million six hundred
thousand (7,600,000) Shares of the Company, subject to (i) adjustment pursuant
to Section 8 hereof, or (ii) amendment hereof approved by the shareholders of
the Company. If an outstanding Option for any reason expires or is terminated or
canceled or otherwise becomes unexercisable before being exercised in full, or
is surrendered pursuant to an Option Exchange Program, the Shares allocable to
the unexercised portion of such Option will not be charged against the
limitations of this Section and will become available for future grant or sale
under the Plan. Shares issued pursuant to the exercise of an Option that are
repurchased by the Company will not be available for subsequent Option grants
under the Plan.

        4. ADMINISTRATION OF THE PLAN. The Plan shall be administered by a
Committee appointed by the Board consisting of two or more members of the Board,
which Committee shall be constituted to comply with Applicable Laws, including
Rule 16b-3, if applicable. If no such Committee is appointed, the Plan shall be
administered by the Board. The members of a Committee will serve for such term
as the Board may determine. From time to time, the Board may increase the size
of the Committee and appoint additional members, remove members, fill vacancies
(however caused), and remove all members of the Committee and thereafter
directly administer the Plan. Decisions of a Committee made within the
discretion delegated to it by the Board will be final and binding on all persons
who have an interest in the Plan.

                (a) Administration With Respect to Directors and Officers
Subject to Section 16(b). The composition of any Committee responsible for
administration of the Plan with respect to Optionees who are subject to the
trading restrictions of Section 16(b) of the Exchange Act with respect to
securities of the Company will comply with the applicable requirements of Rule
16b-3.

                (b) Authority of the Administrator. The Administrator of the
Plan will have full authority to administer the Plan within the scope of its
delegated responsibilities, including authority to interpret and construe any
relevant provision of the Plan, to adopt such rules and regulations as it may
deem necessary, and to determine the terms and conditions of Option grants made
under the Plan (which need not be identical). Without limiting the foregoing,
the Administrator will have the authority, in its discretion:

                        (i) to determine whether and to what extent Options are
granted hereunder;

                                  Page 3 of 11
<PAGE>   4

                        (ii) to select the Employees to whom Options may be
granted hereunder;

                        (iii) to determine the number of Shares to be covered by
each Option granted hereunder;

                        (iv) to determine the Fair Market Value of the Common
Stock;

                        (v) to approve forms of the Option Agreement for use
under the Plan;

                        (vi) to determine the time period during which an Option
may be exercised, provided that the time period for an Incentive Stock Option
may not be more than ten (10) years;

                        (vii) to determine the terms and conditions not
inconsistent with those of the Plan, of any award of an Option granted
hereunder, including, but not limited to, the Exercise Price; the time or times
when Options may be exercised; all vesting provisions; any waiver of forfeiture
restrictions; and any restriction or limitation regarding any Option or the
Shares relating thereto, based in each case on such factors as the
Administrator, in its sole discretion, shall determine;

                        (viii) to determine whether and to what extent the
Company should grant or permit loans or guarantee loans in connection with the
grant or the exercise of an Option by an Optionee pursuant to Section 12 hereof;

                        (ix) with the consent of the affected Optionee, to
effect, at any time and from time to time, the cancellation of any or all
outstanding Options under the Plan and to grant new Options in substitution
therefor, in accordance with Section 14 hereof;

                        (x) to prescribe, amend and rescind rules and
regulations relating to the Plan;

                        (xi) to modify, amend or waive the terms, conditions and
restrictions of any outstanding Option; provided, however, no such modification,
amendment or waiver shall, without the written consent of the Optionee, impair
the Optionee's rights or increase the Optionee's obligations with respect to
such Option;

                        (xii) to authorize any person to execute on behalf of
the Company any instrument required to effect the grant of an Option previously
granted by the Administrator;

                        (xiii) to institute an Option Exchange Program; and

                        (xiv) to make all other determinations deemed necessary
or advisable for administering the Plan.

                (c) Effect of Administrator's Decision. The Administrator's
decisions, determinations and interpretations shall be final and binding on all
Optionees and any other holders of Options.

        5. ELIGIBILITY. From time to time, the Administrator may, in its
discretion, select individuals from among the Employees, Directors and
Consultants of the Company or any of its Subsidiaries to receive Options under
the Plan.

                                  Page 4 of 11
<PAGE>   5

        6. TERMS AND CONDITIONS OF OPTIONS.

                (a) Option Agreement. Each Option granted under the Plan will be
evidenced by an Option Agreement between the Optionee and the Company. Such
Options will be subject to all applicable terms and conditions of the Plan and
such instruments may contain other terms and conditions which are not
inconsistent with the purpose of the Plan and which the Administrator deems
appropriate for inclusion in an Option Agreement. Notwithstanding the foregoing,
an Option Agreement or any other written agreement between the Company and an
Optionee may contain other terms and conditions concerning the Option
(including, without limitation, terms and conditions relating to vesting) as are
mutually agreed to by the Optionee and the Company. The provisions of the
various Option Agreements or other agreements entered into under the Plan need
not be identical.

                (b) Number of Shares. Each Option Agreement shall specify the
number of Shares that are subject to the Option and shall provide for the
adjustment of such number in accordance with Section 8 hereof.

                (c) Character of Options. Each Option granted under the Plan
shall be designated in the Option Agreement as either a Nonstatutory Stock
Option or an Incentive Stock Option, as the case may be.

                (d) Exercise Price. Each Option Agreement shall specify the
Exercise Price. Subject to the discretion of the Administrator, the Exercise
Price of an Option shall be the Fair Market Value per Share on the date of
grant.

                (e) Payment. The Exercise Price of each Option will be payable
immediately and in full upon exercise; provided, however, that the Administrator
may, either at the time the Option is granted or at the time it is exercised and
subject to such limitations as it may determine, authorize payment of all or a
portion of the Exercise Price in one or a combination of the following forms:

                        (i) cash;

                        (ii) check;

                        (iii) a promissory note (but only if authorized or
allowed pursuant to Sections 12 and 22(e) hereof);

                        (iv) other Shares of Common Stock which have a Fair
Market Value on the date of surrender equal to the aggregate Exercise Price of
the Shares as to which the Option will be exercised;

                        (v) delivery of a properly executed exercise notice
together with irrevocable instructions to a broker to promptly deliver to the
Company the amount of sale or loan proceeds to pay the Exercise Price;

                        (vi) utilization of the cashless exercise method
described in Section 6(h) hereof;

                        (vii) any combination of the foregoing methods of
payment; or

                        (viii) such other consideration and method of payment
for the issuance of Shares to the extent permitted by Applicable Laws.

                                  Page 5 of 11
<PAGE>   6

                In the event that the Company's Common Stock is Publicly Traded,
unless otherwise provided in the Option Agreement, the methods of payment set
forth in subparagraphs (iii) and (vi) above shall not be permitted hereunder.

                (f) Exercisability. Each Option Agreement shall specify the date
when all or any portion of the Option will become exercisable, any conditions
which must be satisfied before the Option may be exercised and the term of the
Option.

                (g) Nontransferability of Options. An Option may not be sold,
pledged, assigned, hypothecated, transferred or disposed of in any manner other
than by will or by the laws of descent and distribution and may be exercised,
during the lifetime of the Optionee, only by the Optionee.

                (h) Termination of Employment. In the event that an Optionee's
employment by the Company or a Parent or Subsidiary terminates (other than upon
the Optionee's death or Disability), or a Subsidiary ceases to be a Subsidiary
(in which event the employment of such company's employees will be deemed to be
terminated under this Plan), the Optionee may exercise his or her Option, but
only within such applicable period of time as is set forth below, and, except as
otherwise provided by written agreement between the Optionee and the Company,
only to the extent that the Optionee was entitled to exercise it at the date of
termination (but in no event later than the expiration of the term of such
Option as set forth in the Option Agreement). If, after termination, the
Optionee does not exercise his or her Option within the applicable time period
specified below, the Option shall terminate. For purposes of this Subsection
6(h), the Optionee's employment shall not be considered to have been terminated
in the case of any leave of absence approved by the Board, including sick leave,
military leave, or any other personal leave. For Incentive Stock Options,
Optionee shall have a period of three (3) months from the date of termination of
employment. For Nonstatutory Stock Options, in the event that the Common Stock
of the Company is then Publicly Traded, Optionee shall have a period of six (6)
months and one day from the date of termination of employment, and in the event
that the Common Stock of the Company is not then Publicly Traded, Optionee shall
have a period of twelve (12) months and one day from the date of termination of
employment. During the applicable period the Optionee may either (i) exercise
his or her Option by delivery of the Exercise Price pursuant to Section 7 hereof
or, if the Common Stock of the Company is not then Publicly Traded and if
provided for in Optionee's Option Agreement, (ii) deliver the requisite Exercise
Price by utilizing a cashless election procedure at a price per share equal to
the Fair Market Value of a Share of Common Stock as of the date of termination
of employment (provided that the Administrator is not otherwise prohibited by
Company loan agreements or related contractual obligations from permitting such
cashless election procedure.) The cashless election procedure is also available
to Optionee, at anytime prior to termination of employment, if provided for as a
designated method in the Option Agreement and subject to the other terms and
conditions of the Plan and the Option Agreement. If the Company is publicly
traded, the Company, working with the brokerage firm, if any, designated by the
Company to facilitate exercises of options and sales of shares under this Plan,
may from time to time amend the procedures set forth herein and may specify
additional or different procedures for a cashless exercise for any or all
Optionees. Optionee shall be responsible for satisfying all applicable federal,
state, local and employment tax withholding requirements associated with such
exercise and must evidence the ability to satisfy such withholding requirements
prior to such exercise.

                (i) Disability of Optionee. In the event that an Optionee's
employment terminates as a result of the Optionee's Disability, the Optionee may
exercise his or her Option at any time within twelve (12) months from the date
of such termination, but, except as otherwise provided by written agreement
between the Optionee and the Company, only to the extent that the Optionee was
entitled to exercise it at the date of such termination (but in no event later
than the expiration of the term of such Option as set forth in the Option
Agreement). If, after termination of employment, the Optionee does not exercise
his or her Option within the time specified herein, the Option shall terminate.

                                  Page 6 of 11
<PAGE>   7

                (j) Death of Optionee. In the event of the death of an Optionee,
the Option may be exercised at any time within twenty-four (24) months following
the date of death (but in no event later than the expiration of the term of such
Option as set forth in the Option Agreement), by the Optionee's estate or by a
person who acquired the right to exercise the Option by bequest or inheritance,
but, except as otherwise provided by written agreement between the Optionee and
the Company, only to the extent that the Optionee was entitled to exercise the
Option at the date of death. If, after death, the Optionee's estate or a person
who acquired the right to exercise the Option by bequest or inheritance does not
exercise the Option within the time specified herein, the Option shall
terminate.

        7. PROCEDURE FOR EXERCISE. Any Option granted hereunder shall be
exercisable according to the terms of the Plan and at such times and under such
conditions as determined by the Administrator and set forth in the Option
Agreement. An Option may not be exercised for a fraction of a Share.

        An Option shall be deemed exercised when the Company receives: (i)
written notice of exercise (in accordance with the Option Agreement) from the
person entitled to exercise the Option, and (ii) full payment for the Shares
with respect to which the Option is exercised. Full payment may consist of any
consideration and method of payment authorized by the Administrator and
permitted in the Option Agreement and the Plan. If the Company is publicly
traded, the Company, working with the brokerage firm, if any, designated by the
Company to facilitate exercises of options and sales of shares under this Plan,
may from time to time amend the procedures set forth herein and may specify
additional or different procedures.

        Shares issued upon exercise of an Option shall be issued in the name of
the Optionee or, if requested by the Optionee, in the name of the Optionee and
his or her spouse. Until the stock certificate evidencing such Shares is issued
(as evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company), no right to vote or receive dividends
or any other rights as a shareholder shall exist with respect to the Optioned
Stock, notwithstanding the exercise of the Option. The Company will issue or
cause to be issued such stock certificate promptly after the Option is
exercised. No adjustment will be made for a dividend or other right for which
the record date is prior to the date the stock certificate is issued, except as
provided in Section 8 hereof.

        8. ADJUSTMENTS.

                (a) Changes in Capitalization. In the event of a stock split,
reverse stock split, stock dividend, combination or reclassification of the
Common Stock, or any other increase or decrease in the number of issued shares
of Common Stock effected without receipt of consideration by the Company, the
number of shares of Common Stock covered by each outstanding Option, and the
number of shares of Common Stock which have been authorized for issuance under
the Plan but as to which no Options have yet been granted or which have been
returned to the Plan upon cancellation or expiration of an Option, as well as
the price per share of Common Stock covered by each such outstanding Option,
shall be proportionately adjusted for any increase or decrease in the number of
issued shares of Common Stock. Any conversion of any convertible securities of
the Company shall not be deemed to have been "effected without receipt of
consideration." Such adjustment shall be made by the Board, whose determination
in that respect shall be final, binding and conclusive. Except as expressly
provided herein, no issuance by the Company of shares of stock of any class, or
securities convertible into shares of stock of any class, shall affect, and no
adjustment by reason thereof shall be made with respect to, the number or price
of shares of Common Stock subject to an Option.

                                  Page 7 of 11
<PAGE>   8

                (b) Corporate Structure. In the event of a merger,
consolidation, acquisition of property or stock, separation, reorganization or
other change to the capital or business structure of the Company (including,
without limitation, by means of an exchange offer or other transaction)
(collectively, a "Reorganization" ) the effect of which is to organize a parent
company of the Company which will own not less than 50% of the capital stock of
the Company (such parent company is hereinafter referred to as "Company
Holdings" ), the Administrator shall have the authority to effect, without the
consent of the Optionees, (x) the cancellation of all outstanding Options
granted under the Plan and substitute therefor options to purchase shares of
Company Holdings ("New Options"), or (y) the assumption by Company Holdings of
Options granted under the Plan; provided, however, that (i) immediately after
the Reorganization the excess of the aggregate fair market value of all shares
subject to New Options over the aggregate option prices of all shares subject to
New Options shall equal but not be more than the excess of the aggregate fair
market value immediately preceding the Reorganization of all shares subject to
Options granted under the Plan over the aggregate option prices of all shares
subject to Options granted under the Plan, and (ii) New Options, or the
assumption or substitution of Options granted under the Plan, do not give an
Optionee additional benefits which such Optionee did not have under Options
granted under the Plan. Such a Reorganization shall not be treated as a
Triggering Event or a Change of Control (as defined in the Option Agreement, as
applicable) for purposes of the Plan and related Option Agreement. The grant of
Options under this Plan will in no way affect the right of the Company to
adjust, reclassify, reorganize, or otherwise change its capital or business
structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or
any part of its business or assets or effect any other Reorganization.

                (c) Substitutions and Assumptions. The Board shall have the
right to substitute or assume options in connection with mergers,
reorganizations, separations, or other "corporate transactions" as that term is
defined in and said substitutions and assumptions are permitted by Section 424
of the Code (as however amended or superseded) and the regulations promulgated
thereunder. Any shares or Options issued upon the assumption of or in
substitution for outstanding awards made by a corporation or other business
entity acquired by the Company shall not reduce the number of Shares or Options
issuable under the Plan (unless such shares or Options are made available to
individuals who become, upon the acquisition, an Officer or otherwise an
individual subject to Section 16 of the Exchange Act).

        9. DATE OF GRANT. Subject to applicable statutory approval, the date of
the grant of an Option shall be, for all purposes, the date on which the
Administrator makes the determination to grant such Option, or such other date
as is determined by the Administrator. Notice of the determination to grant an
Option shall be provided to the Optionee within a reasonable time after the date
of such grant.

        10. NO EMPLOYMENT RIGHTS. Neither the Plan nor any Option shall confer
upon any Employee any right to continue in the employ of the Company of any
affiliate or constitute a contract or agreement of employment or interfere in
any way with any right that the Company or an affiliate may have to reduce such
Employee's compensation or to terminate such Employee's employment at any time
with or without cause; however, nothing contained in the Plan or in any Option
granted under the Plan shall affect any contractual rights of an Employee
pursuant to a written employment agreement.

        11. AMENDMENT AND TERMINATION OF THE PLAN.

                (a) Amendment and Termination. The Board may at any time amend,
alter, suspend or terminate the Plan in whole or in part.

                (b) Shareholder Approval. The Company shall obtain shareholder
approval of any Plan amendment in such a manner and to the extent necessary and
desirable to comply with Rule 16b-3 or with Section 422 of the Code (or with any
successor rule or statute or other Applicable Law, rule or

                                  Page 8 of 11
<PAGE>   9

regulation including the requirements of any exchange or quotation system on
which the Common Stock is then listed or quoted).

                (c) Effect of Amendment or Termination. No amendment,
alteration, suspension or termination of the Plan shall impair the rights or
increase the obligations of any Optionee, unless mutually agreed otherwise
between the Optionee and the Administrator, which agreement must be in writing
and signed by the Optionee and the Company.

        12. LOANS. In order to assist an Optionee in the acquisition of Shares
pursuant to an Option granted under the Plan, the Administrator may authorize,
at either the time of the grant of an Option or the time of the acquisition of
Shares under the Option, (i) the extension of a loan to the Optionee by the
Company, or (ii) the guarantee by the Company of a loan obtained by the Optionee
from a third party. The terms of any loans or guarantees, including the amount,
interest rate and terms of repayment, will be subject to the discretion of the
Administrator and applicable covenants contained in Company loan agreements.
Loans and guarantees may be granted without security, the maximum credit
available being the Exercise Price of the Shares acquired plus the maximum
federal and state income and employment tax liability that may be incurred in
connection with the acquisition.

        13. WITHHOLDING.

                (a) Obligation. The Company's obligation to deliver stock
certificates upon the exercise of an Option will be subject to the Optionee's
satisfaction, in the Administrator's sole discretion, of all applicable federal,
state and local income and employment tax withholding requirements.

                (b) Payment. In the event that an Optionee is required to pay to
the Company an amount with respect to income and employment tax withholding
obligations in connection with the exercise of an Option, the Administrator may,
in its discretion and subject to such limitations and rules as it may adopt,
permit the Optionee to satisfy the obligation, in whole or in part, by
delivering shares of Common Stock already held by the Optionee or by making an
irrevocable election that a portion of the total value of the Shares subject to
the Option be paid in the form of cash in lieu of the issuance of Common Stock,
and that such cash payment be applied to the satisfaction of the withholding
obligations.

        14. OPTION EXCHANGE PROGRAM. The Administrator will have the authority
to effect, at any time and from time to time, with the consent of the affected
Optionees, the cancellation of any or all outstanding Options under the Plan and
to grant in substitution therefor new Options under the Plan covering the same
or different numbers of Shares, but, in accordance with Section 6 hereof, having
an Exercise Price not less than one hundred percent (100%) of the Fair Market
Value on the new grant date, unless otherwise permitted by the Administrator.

        15. COMPLIANCE WITH FEDERAL AND STATE LAWS. Shares will not be issued
pursuant to the exercise of an Option unless the exercise of such Option and the
issuance and delivery of such Shares shall comply with all relevant provisions
of law and the requirements of any stock exchange or quotation system upon which
the Shares may then be listed or quoted, and shall be further subject to the
approval of counsel for the Company with respect to such compliance.

        As a condition to the grant or exercise of an Option, or to the issuance
of any Shares under any Option, the Administrator may require the Optionee to
provide such written representations, covenants, warranties and agreements
which, in the opinion of counsel for the Company, are required to comply with
applicable law or satisfy the requirements of any stock exchange or quotation
system upon which the Shares may then be listed or quoted.

                                  Page 9 of 11
<PAGE>   10

        The Company undertakes to use all reasonable efforts to either register
the Shares of Common Stock issuable upon exercise of an Option or assure that an
exemption from registration is available in connection with such exercise. In
the event that the Company shall deem it necessary or desirable to register any
shares of Common Stock with respect to which the Option shall have been or may
be exercised, or to qualify any such shares for exemptions pursuant to
applicable statutes, then the Company may take such action and may require from
the Optionee such information in writing for use in any registration statement,
supplementary registration statement, prospectus, preliminary prospectus,
offering circular or any other document that is reasonably necessary for such
purpose and may require reasonable indemnity to the Company and its officers and
directors from the Optionee against all losses, claims, damage and liabilities
arising from such use of the information so furnished and caused by any untrue
statement of any material fact therein or caused by the omission to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances under which they were
made.

        16. RESERVATION OF SHARES. During the term of this Plan, the Company
will at all times reserve and keep available such number of Shares as shall be
sufficient to satisfy the requirements of the Plan.

        17. GRANTS EXCEEDING ALLOTTED SHARES. If the Optioned Stock covered by
an Option exceeds, as of the date of grant, the number of Shares which may be
issued under the Plan without additional shareholder approval, such Option shall
be void with respect to such excess Optioned Stock, unless approved by the Board
and shareholder approval of an amendment sufficiently increasing the number of
Shares subject to the Plan is timely obtained in accordance with Section 11
hereof.

        18. EFFECTIVE DATE; SHAREHOLDER APPROVAL; TERM OF PLAN. The effective
date of the Plan shall be the date of its adoption by the Board, subject to
approval by the shareholders of the Company within 12 months after the effective
date if required under Applicable Laws. Such shareholder approval shall be
obtained in the manner and to the degree required under applicable federal and
state law. Options may be granted by the Administrator as provided herein
subject to such subsequent shareholder approval. The Plan shall continue for a
term of ten (10) years from the date of original approval by the Board unless
terminated earlier under Section 11 hereof.

        19. RULE 16b-3. Notwithstanding any provision of the Plan, the Plan
shall always be administered, and Options shall always be granted and exercised,
in such a manner as to conform to the provisions of Rules 16b-3, unless the
Administrator determines that Rule 16b-3 is not applicable to the Plan.

        20. GOVERNING LAW. The Plan shall be governed by and construed in
accordance with the laws of the state of Washington.

        21. USE OF PROCEEDS. All cash proceeds to the Company under the Plan
shall constitute general funds of the Company.

        22. TERMS APPLICABLE TO INCENTIVE STOCK OPTIONS ONLY. In addition to,
and notwithstanding, the other provisions hereof that apply to all Options
granted pursuant to this Plan, the following paragraphs shall apply to any
options granted under this Plan which are Incentive Stock Options.

                (a) Conformance with the Code:

                                 Page 10 of 11
<PAGE>   11

        Options granted under this Plan which are "Incentive Stock Options"
shall conform to, be governed by, and be interpreted in accordance with Section
422 of the Code and any regulations promulgated thereunder and amendments to the
Code and Regulations. Only Employees may be granted Incentive Stock Options
hereunder.

                (b) Option Price:

        The option or purchase price of each Share optioned under the Incentive
Stock Option provisions of this Plan shall be determined by the Board at the
time of the action for the granting of the option but shall not, in any event,
be less than the Fair Market Value of the Company's common stock on the date of
grant.

                (c) Limitation on Amount of Incentive Stock Option:

        The aggregate Fair Market Value of the Incentive Stock Options
(determined on the date of grant) with respect to which an employee has the
right to purchase vesting in any one calendar year (under all Plans of the
Company, its Subsidiaries, and any parent corporation) shall not exceed
$100,000.

                (d) Limitation on Grants to Substantial Shareholders:

        An Employee may not, immediately prior to the grant of an Incentive
Stock Option hereunder, own stock in the Company representing more than ten
percent (10%) of the total combined voting power of all classes of stock of the
Company unless the per share option price specified by the Board for the
Incentive Stock Options granted such an Employee is at least one hundred ten
percent (110%) of the Fair Market Value of the Company's stock on the date of
grant and such option, by its terms, is not exercisable after the expiration of
five (5) years from the date such option is granted.

                (e) Method of Exercise of Option:

        The amount to be paid by the Optionee upon exercise of an Incentive
Stock Option shall be the full purchase price thereof provided in the option.

                                 Page 11 of 11

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