Document:

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                                                                   Exhibit 10.15

                             FORM OF TRANCHE A NOTE

$______________                                               New York, New York

                                                         ________________, _____

          FOR VALUE RECEIVED, FAIRPOINT COMMUNICATIONS SOLUTIONS CORP., a
Delaware corporation (the "BORROWER"), hereby promises to pay to the order of
_________________ (the "LENDER"), in lawful money of the United States of
America in immediately available funds, at the Payment Office (as defined in the
Credit Agreement referred to below) initially located at 301 S. College Street,
Charlotte, North Carolina 28288-0537, on the Maturity Date (as defined in the
Credit Agreement) the principal sum of ________________ DOLLARS ($__________)
or, if less, the then unpaid principal amount of all Tranche A Loans (as defined
in the Credit Agreement) made by the Lender pursuant to the Credit Agreement.
This Note represents the continuation and conversion of a portion of the
Lender's Existing Loans and Existing Swap Obligation, if any, to a Tranche A
Loan in accordance with Section 2.01(a) of the Credit Agreement.

          The Borrower promises also to pay interest on the unpaid principal
amount hereof in like money at said office from the date hereof until paid at
the rates and at the times provided in Section 2.03 of the Credit Agreement.

          This Note is one of the "TRANCHE A NOTES" referred to in that certain
Amended and Restated Credit Agreement dated as of October 20, 1999, as amended
and restated as of March 27, 2000, as further amended and restated as of
November 9, 2000, and as further amended and restated as of May 10, 2002 (said
Amended and Restated Credit Agreement, as so amended and restated and as
hereafter amended, restated, modified or supplemented, being the "CREDIT
AGREEMENT"; the terms defined therein and not otherwise defined herein being
used herein as therein defined), by and among the Borrower; certain other Credit
Parties, the financial institutions listed therein as Lenders and Non-Continuing
Lenders, and Wachovia Bank, National Association (formerly known as First Union
National Bank), as Administrative Agent. This Tranche A Note is secured pursuant
to the Security Documents and the Subsidiary Guaranty. As provided in the Credit
Agreement, this Tranche A Note is subject to voluntary prepayment and mandatory
repayment prior to the Maturity Date, in whole or in part.

          In case an Event of Default shall occur and be continuing, the
principal of and accrued interest on this Tranche A Note may be declared to be
due and payable in the manner and with the effect provided in the Credit
Agreement.

          The Borrower hereby waives presentment, demand, protest or notice of
any kind in connection with this Tranche A Note.

                                       A-1
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          THIS TRANCHE A NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE
GOVERNED BY THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF
CONFLICT OF LAWS.

                                            FAIRPOINT COMMUNICATIONS
                                            SOLUTIONS CORP.

                                            By:
                                               ---------------------------------
                                               Title

                                       A-2<Page>

                                                                   Exhibit 10.16

                             FORM OF TRANCHE B NOTE

$______________                                              New York, New York

                  FOR VALUE RECEIVED, FAIRPOINT COMMUNICATIONS SOLUTIONS CORP.,
a Delaware corporation (the "BORROWER"), hereby promises to pay to the order of
_________________ (the "LENDER"), in lawful money of the United States of
America in immediately available funds, at the Payment Office (as defined in the
Credit Agreement referred to below) initially located at 301 S. College Street,
Charlotte, North Carolina 28288-0537, on the Maturity Date (as defined in the
Credit Agreement) the principal sum of ________________ DOLLARS ($__________)
or, if less, the then unpaid principal amount of all Tranche B Loans (as defined
in the Credit Agreement) made by the Lender pursuant to the Credit Agreement.
This Note represents the continuation and conversion of a portion of the
Lender's Existing Loans and Existing Swap Obligation, if any, to a Tranche B
Loan in accordance with Section 2.01(b) of the Credit Agreement.

                  The Borrower promises also to pay interest on the unpaid
principal amount hereof in like money, or in kind, at said office from the date
hereof until paid at the rates, at the times, and as otherwise provided in
Section 2.03 of the Credit Agreement.

                  This Note is one of the "TRANCHE B NOTES" referred to in that
certain Amended and Restated Credit Agreement dated as of October 20, 1999, as
amended and restated as of March 27, 2000, as further amended and restated as of
November 9, 2000, and as further amended and restated as of May 10, 2002 (said
Amended and Restated Credit Agreement, as so amended and restated and as
hereafter amended, restated, modified or supplemented, being the "CREDIT
AGREEMENT"; the terms defined therein and not otherwise defined herein being
used herein as therein defined), by and among the Borrower; certain other Credit
Parties, the financial institutions listed therein as Lenders and Non-Continuing
Lenders, and Wachovia Bank, National Association (formerly known as First Union
National Bank), as Administrative Agent. This Tranche B Note is secured pursuant
to the Security Documents and the Subsidiary Guaranty. As provided in the Credit
Agreement, this Tranche B Note is subject to voluntary prepayment and mandatory
repayment prior to the Maturity Date, in whole or in part.

                  In case an Event of Default shall occur and be continuing, the
principal of and accrued interest on this Tranche B Note may be declared to be
due and payable in the manner and with the effect provided in the Credit
Agreement.

                  The Borrower hereby waives presentment, demand, protest or
notice of any kind in connection with this Tranche B Note.

                                      B-1
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                  THIS TRANCHE B NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND
BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF
CONFLICT OF LAWS.

                                   FAIRPOINT COMMUNICATIONS
                                   SOLUTIONS CORP.

                                   By:
                                       -------------------------------------
                                        Title

                                      B-2Exhibit 10.25  

May 13,
2002 

Board
of Directors

Duane Reade Inc.

440 Ninth Avenue

New York, New York 10001 

Dear
Directors: 

        We
are providing this letter to you for inclusion as an exhibit to your Form 10-Q filing pursuant to Item 601 of Regulation S-K. 

        We
have been provided a copy of the Company's Quarterly Report on Form 10-Q for the period ended March 30, 2002. Note 3 therein describes a change in
accounting principle from the retail dollar first-in, first-out method of accounting for inventory to the specific cost based last-in, first-out method
of accounting for inventory. It should be understood that the preferability of one acceptable method of accounting over another for inventory has not been addressed in any authoritative accounting
literature, and in expressing our concurrence below we have relied on management's determination that this change in accounting principle is preferable. Based on our reading of management's stated
reasons and justification for this change in accounting principle in the Form 10-Q, and our discussions with management as to their judgment about the relevant business planning
factors relating to the change, we concur with management that such change represents, in the Company's circumstances, the adoption of a preferable accounting principle in conformity with Accounting
Principles Board Opinion No. 20. 

        We
have not audited any financial statements of the Company as of any date or for any period subsequent to December 29, 2001. Accordingly, our comments are subject to change upon
completion of an audit of the financial statements covering the period of the accounting change. 

Very
truly yours, 

PricewaterhouseCoopers
LLP<PAGE>
                                                                     Exhibit 4.1

                     TRAVELERS INSURANCE GROUP HOLDINGS INC.
              (Formerly, Travelers/Aetna Property Casualty Corp.),

                       TRAVELERS PROPERTY CASUALTY CORP.,

                                  AS GUARANTOR

                                       AND

                          BANK ONE TRUST COMPANY, N.A.
                         (Successor to Citibank, N.A.),

                                   AS TRUSTEE

                          First Supplemental Indenture

                            Dated as of May 10, 2002

                                  to Indenture

                           Dated as of April 19, 1996

<PAGE>

         THIS FIRST SUPPLEMENTAL INDENTURE dated as of May 10, 2002 (the
"Supplemental Indenture"), by and among Travelers Insurance Group Holdings Inc.
(formerly named Travelers/Aetna Property Casualty Corp.), a Delaware corporation
("the Company"), Travelers Property Casualty Corp. (formerly named The Travelers
Insurance Group Inc.), a Connecticut corporation, as guarantor ("TPCC"), and
Bank One Trust Company, N.A. (successor to Citibank, N.A.), a national banking
association, as trustee (the "Trustee");

         WHEREAS, the Company has heretofore executed and delivered to the
Trustee an indenture dated as of April 19, 1996 (the "Indenture"), providing for
the issuance by the Company from time to time of its debt securities;

         WHEREAS, the Company currently has issued and outstanding $200,000,000
7 3/4% Notes due 2026 (the "2026 Notes") and $150,000,000 6 3/4% Notes due 2006
(the "2006 Notes") under the Indenture;

         WHEREAS, on the date hereof, the Company is a wholly owned subsidiary
of TPCC;

         WHEREAS, TPCC desires to fully and unconditionally guarantee the
payment obligations of the Company with respect to the Company's issued and
outstanding securities under the Indenture, including the 2026 Notes and the
2006 Notes (collectively, the "Notes") as long as the Company remains a wholly
owned subsidiary of TPCC and the Notes remain outstanding; and

         WHEREAS, the execution of the Supplemental Indenture is authorized and
permitted by Section 801 of the Indenture and all conditions precedent provided
for in the Indenture relating to the execution of the Supplemental Indenture
have been complied with;

         NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: That in order
to effectuate the guarantee described above, TPCC agrees with the Trustee, for
the equal and proportionate benefit of the respective Holders from time to time
of the Notes (the "Holders"), as follows:

                                    ARTICLE I
                                    Guarantee

         TPCC does hereby fully and unconditionally guarantee (the "Guarantee")
to the Holders the due and punctual payment of the principal of and interest on
all the Notes, according to their tenor, and the performance of every covenant
of the Indenture on the part of the Company to be performed or observed (the
"Obligations") in accordance with the provisions of the Indenture, as
supplemented, as provided below:

      (a)   Notice of acceptance of the Guarantee and of default of performance
            by the Company is expressly waived, and payment under the Guarantee
            shall be subject to no condition other than the giving of a written
            request for payment in accordance with the provisions of the
            Indenture, stating the fact of default of performance, mailed to
            TPCC at the following address: Travelers Property Casualty Corp.,
            One Tower Square, 8 MS, Hartford, Connecticut 06183, Attention: Paul
            Eddy.

      (b)   The right of the Holders under any debt instrument of the Company
            that is outstanding as of the date hereof to claim payment from TPCC
            under the TPCC Guarantee shall rank in
<PAGE>
            priority of payment with TPCC's other obligations to exactly the
            same extent that the Obligations of the Company under such debt
            instrument rank with the Company's other obligations, if any.

      (c)   The obligations of TPCC under the Guarantee shall in no way be
            impaired by: (1) any extension, amendment, modification or renewal
            of the Obligations; (2) any waiver of any event of default,
            extension of time or failure to enforce any of the Obligations; or
            (3) any extension, moratorium or other relief granted to the Company
            pursuant to any applicable law or statute.

      (d)   The Guarantee shall be irrevocably valid until, and no claim may be
            asserted under the Guarantee after, the earliest to occur of: (1)
            the tenth business day following the maturity date of all the Notes,
            either upon their respective stated maturities, redemption or
            otherwise; (2) the date on which the Company ceases to be a wholly
            owned subsidiary of TPCC, as set forth in an Officer's Certificate
            of TPCC delivered to the Trustee; and (3) the date on which TPCC
            ceases to be a reporting company under the Securities Exchange Act
            of 1934, as amended, as set forth in an Officer's Certificate of
            TPCC delivered to the Trustee.

      (e)   TPCC shall be obligated to make payment under the Guarantee only by
            payment to the Trustee, for the benefit of the Holders, at the same
            address as the Company is obligated to make payment pursuant to the
            Indenture, provided that such address must be in the United States.

      (f)   TPCC shall have no obligation to make payment or take action under
            the Guarantee during any period when payment by the Company, in
            accordance with the provisions of the Indenture, would constitute a
            violation of any applicable laws (other than bankruptcy,
            liquidation, reorganization or similar laws affecting the
            enforcement of the rights of creditors generally).

      (g)   TPCC may assign its obligations under the Guarantee to any of its
            affiliates, upon providing written notice of such assignment to the
            Trustee, whereupon such assignee shall be substituted in lieu of
            TPCC with respect to the performance of the Obligations theretofore
            to be performed by TPCC as described in this Article One.

                                   ARTICLE II

      Section 907 of the Indenture is deleted in its entirety. The following
will be inserted as a new Section 907 of the Indenture:

SECTION 907.  STATEMENT AS TO COMPLIANCE.

      TPCC and the Company will deliver to the Trustee within 120 days after the
end of each fiscal year, a brief certificate from the principal executive
officer, principal financial officer or principal accounting officer of TPCC or
the Company, as the case may be, as to his or her knowledge of TPCC's or the
Company's, as the case may be, compliance with all conditions and covenants
under this Indenture.

                                       2
<PAGE>
For purposes of this Section 907, such compliance shall be determined without
regard to any period of grace or requirement of notice under this Indenture.

                                   ARTICLE III
                            Miscellaneous Provisions

         SECTION 3.1 Execution as Supplemental Indenture. This Supplemental
Indenture is executed and shall be construed as an indenture supplemental to the
Indenture and, as provided in the Indenture, this Supplemental Indenture forms a
part thereof. Except as herein expressly otherwise defined, the use of the terms
and expressions herein is in accordance with the definitions, uses and
constructions contained in the Indenture. Except as expressly amended hereby,
the Indenture shall continue in full force and effect in accordance with the
provisions thereof and the Indenture is in all respects hereby ratified and
confirmed.

         SECTION 3.2 Responsibility for Recitals, etc. The recitals herein and
in the Notes (except in the Trustee's certificate of authentication) shall be
taken as the statements of the Company, and the Trustee assumes no
responsibility for the correctness thereof. The Trustee makes no representations
as to the validity or sufficiency of this Supplemental Indenture or of the
Notes. The Trustee makes no undertakings or representations in respect of, and
shall not be responsible in any manner whatsoever for and in respect of, the
validity or sufficiency of this Supplemental Indenture or the proper
authorization or the due execution hereof by the Company or for or in respect of
the recitals and statements contained herein, all of which recitals and
statements are made solely by the Company.

         SECTION 3.3 Provisions Binding on Successors. All of the covenants,
stipulations, premises and agreements made in this Supplemental Indenture by the
Company and TPCC shall bind their respective successors and assigns whether so
expressed or not.

         SECTION 3.4 New York Contract. This Supplemental Indenture shall be
deemed to be a contract made under the laws of the State of New York and for all
purposes shall be construed in accordance with the laws of said State.

         SECTION 3.5 Execution and Counterparts. This Supplemental Indenture may
be executed in any number of counterparts, each of which when so executed shall
be deemed to be an original, but all such counterparts shall together constitute
but one and the same instrument.

                                       3
<PAGE>
         IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed, and their respective corporate seals to be
hereunto affixed and attested, all as of the day and year first above written.

                                        TRAVELERS INSURANCE GROUP
                                        HOLDINGS INC.

                                        By:   /s/ William H. White
                                              ----------------------------------
                                              Name:  William H. White
                                              Title: Vice President & Treasurer

ATTEST:

By:    /s/ Daniel W. Jackson
   ----------------------------------
     Name:  Daniel W. Jackson
     Title: Assistant Secretary

                                        TRAVELERS PROPERTY CASUALTY CORP.,
                                        as Guarantor

                                        By:    /s/ William H. White
                                              ----------------------------------
                                              Name:   William H. White
                                              Title:  Vice President & Treasurer

ATTEST:

By:     /s/ Daniel W. Jackson
   ----------------------------------
     Name:   Daniel W. Jackson
     Title:  Assistant Secretary

                                        BANK ONE TRUST COMPANY, N.A., as Trustee

                                        By:   /s/ Mary R. Fonti
                                              ----------------------------------
                                              Name:  Mary R. Fonti
                                              Title: Vice President

ATTEST:

By:    /s/ Michael Pinzon
   ----------------------------------
     Name:  Michael Pinzon
     Title: Authorized Officer
<PAGE>
STATE OF CONNECTICUT)
                                 ss.:
COUNTY OF HARTFORD)

         On this 9th day of May, 2002, before me personally came William H.
White, to me personally known, who, being by me duly sworn, did depose and say
that he resides in Watch Hill, RI, that he is a Treasurer of Travelers Insurance
Group Holdings Inc., one of the corporations described in and which executed the
above instrument, that s/he knows the corporate seal of said corporation, that
the seal affixed to said instrument is such corporate seal, that it was so
affixed by authority of the Board of Directors of said corporation, and that
s/he signed her/his name thereto by like authority.
[NOTARIAL SEAL]

                                         /s/ Linda M. Kolios
                                        ----------------------------------------
                                        Notary Public

STATE OF CONNECTICUT)
                               )  ss.:
COUNTY OF HARTFORD)

         On this 9th day of May, 2002 before me personally came William H.
White, to me personally known, who, being by me duly sworn, did depose and say
that he resides in Watch Hill, RI, that he is a Treasurer of Travelers Property
Casualty Corp., one of the corporations described in and which executed the
above instrument, that s/he knows the corporate seal of said corporation, that
the seal affixed to said instrument is such corporate seal, that it was so
affixed by authority of the Board of Directors of said corporation, and that
s/he signed her/his name thereto by like authority.

[NOTARIAL SEAL]

                                         /s/ Linda M. Kolios
                                        ----------------------------------------
                                        Notary Public

STATE OF NEW YORK              )
                               )  ss.:
COUNTY OF NEW YORK)

         On this 10th day of May, 2002, before me personally came Mary R. Fonti,
to me personally known, who, being by me duly sworn, did depose and say that she
resides in Brooklyn, NY, that she is a Vice President of Bank One Trust Company,
N.A., one of the corporations described in and which executed the above
instrument, that s/he knows the corporate seal of said corporation, that the
seal affixed to said instrument is such corporate seal, that it was so affixed
by authority of the Board of Directors of said corporation, and that she signed
her/his name thereto by like authority.

[NOTARIAL SEAL]
                                         /s/ Mark E. Davis
                                        ----------------------------------------
                                        Notary Public

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