Document:

SECOND AMENDED, RESTATED AND CONSOLIDATED
                           REVOLVING CREDIT AGREEMENT

                                      among

                          DOBSON OPERATING CO., L.L.C.
                                   as Borrower

                            THE LENDERS PARTY HERETO
                                   as Lenders

                                       and

                          LEHMAN COMMERCIAL PAPER INC.
                            as Administrative Agent,

                                   $30,000,000

                         Dated as of September 26, 2003

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                                TABLE OF CONTENTS

                                                                           Page

Section 1.       DEFINITIONS AND TERMS.........................................2
        1.1.     Definitions...................................................2
        1.2.     Number and Gender of Words; Other References.................22
        1.3.     Accounting Principles........................................22

Section 2.       BORROWING PROVISIONS.........................................23
        2.1.     Revolver Facility............................................23
        2.2.     Term Loan Facilities.........................................23
        2.3.     Terminations or Reductions of Commitments....................23
        2.4.     Borrowing Procedure..........................................24

Section 3.       TERMS OF PAYMENT.............................................25
        3.1.     Loan Accounts, Revolver Notes, and Payments..................25
        3.2.     Interest and Principal Payments..............................26
        3.3.     Prepayments..................................................26
        3.4.     Interest Options.............................................29
        3.5.     Quotation of Rates...........................................29
        3.6.     Default Rate.................................................29
        3.7.     Interest Recapture...........................................29
        3.8.     Interest Calculations........................................29
        3.9.     Maximum Rate.................................................29
        3.10.    Order of Application.........................................30
        3.11.    Sharing of Payments, Etc.....................................30
        3.12.    Offset.......................................................31
        3.13.    Booking Borrowings...........................................31

Section 4.       CHANGE IN CIRCUMSTANCES......................................31
        4.1.     Increased Cost and Reduced Return............................31
        4.2.     Illegality...................................................32
        4.3.     Taxes........................................................32

Section 5.       FEES.........................................................34

Section 6.       SECURITY; GUARANTIES.........................................34
        6.1.     Guaranties...................................................34
        6.2.     Collateral...................................................34
        6.3.     Existing Collateral Documents................................35
        6.4.     Future Liens.................................................35
        6.5.     Release of Collateral........................................36
        6.6.     Negative Pledge..............................................37
        6.7.     Control; Limitation of Rights................................37

Section 7.       CONDITIONS PRECEDENT.........................................38
        7.1.     Conditions Precedent to Effectiveness........................38
        7.2.     Conditions Precedent to an Acquisition.......................38
        7.3.     (a) Conditions Precedent to Initial Borrowing................38

Section 8.       REPRESENTATIONS AND WARRANTIES...............................39
        8.1.     Purpose of Credit Facility...................................39
        8.2.     Existence, Good Standing, Authority, and Authorizations......39
        8.3.     Subsidiaries; Capital Stock..................................39
        8.4.     Authorization and Contravention..............................40
        8.5.     Binding Effect...............................................40
        8.6.     Financial Statements.........................................40
        8.7.     Litigation, Claims, Investigations...........................41
        8.8.     Taxes........................................................41
        8.9.     Environmental Matters........................................41
        8.10.    Employee Benefit Plans.......................................41
        8.11.    Properties; Liens............................................41
        8.12.    Government Regulations.......................................42
        8.13.    Transactions with Affiliates.................................42
        8.14.    Debt.........................................................42
        8.15.    Material Agreements; Management Agreements...................42
        8.16.    Insurance....................................................42
        8.17.    Labor Matters................................................42
        8.18.    Solvency.....................................................43
        8.19.    Intellectual Property........................................43
        8.20.    Compliance with Laws.........................................43
        8.21.    Permitted Acquisitions.......................................43
        8.22.    Regulation U.................................................43
        8.23.    Tradename....................................................44
        8.24.    Intentionally Omitted........................................44
        8.25.    Full Disclosure..............................................44
        8.26.    No Default...................................................44
        8.27.    Perfection of Security Interests.............................44

Section 9.       COVENANTS....................................................44
        9.1.     Use of Proceeds..............................................44
        9.2.     Books and Records............................................44
        9.3.     Items to be Furnished........................................44
        9.4.     Inspections..................................................46
        9.5.     Taxes........................................................47
        9.6.     Payment of Obligations.......................................47
        9.7.     Maintenance of Existence, Assets, and Business...............47
        9.8.     Insurance....................................................47
        9.9.     Preservation and Protection of Rights........................48
        9.10.    Employee Benefit Plans.......................................48
        9.11.    Environmental Laws...........................................48
        9.12.    Debt and Guaranties..........................................49
        9.13.    Liens........................................................49
        9.14.    Transactions with Affiliates.................................51
        9.15.    Compliance with Laws and Documents...........................51
        9.16.    Permitted Acquisitions, Subsidiary Guaranties,
                   and Collateral Documents...................................51
        9.17.    Assignment...................................................51
        9.18.    Fiscal Year and Accounting Methods...........................51
        9.19.    Government Regulations.......................................52
        9.20.    Loans, Advances, Investments, and Restricted Payments........52
        9.21.    Restrictions on Subsidiaries.................................54
        9.22.    Sale of Assets...............................................54
        9.23.    Sale-Leaseback Financings....................................54
        9.24.    Mergers and Dissolutions; Sale of Capital Stock..............54
        9.25.    New Business.................................................55
        9.26.    Affiliate Subordination Agreements...........................55
        9.27.    Amendments to Documents......................................55
        9.28.    Financial Covenants..........................................55
        9.29.    Covenants of Communications..................................56

Section 10.      DEFAULT......................................................58
        10.1.    Payment of Obligation........................................58
        10.2.    Covenants....................................................58
        10.3.    Debtor Relief................................................59
        10.4.    Judgments and Attachments....................................59
        10.5.    Government Action............................................59
        10.6.    Misrepresentation............................................59
        10.7.    Change of Control............................................59
        10.8.    Authorizations...............................................60
        10.9.    Default Under other Debt and Agreements......................60
        10.10.   Validity and Enforceability of Loan Documents................60
        10.11.   Material Adverse Effect......................................60
        10.12.   Environmental Liability......................................60
        10.13.   Pledged Stock................................................60
        10.14.   Dissolution..................................................61
        10.15.   Payment of Certain other Agreements..........................61
        10.16.   Default or Acceleration under Certain other Agreements.......61
        10.17.   Redemption of Certain other Debt or Obligation...............61
        10.18.   DCCPCS LOAN..................................................61

Section 11.      RIGHTS AND REMEDIES..........................................62
        11.1.    Remedies Upon Default........................................62
        11.2.    Company Waivers..............................................62
        11.3.    Performance By Administrative Agent..........................62
        11.4.    Delegation of Duties and Rights..............................63
        11.5.    Not in Control...............................................63
        11.6.    Course of Dealing............................................63
        11.7.    Cumulative Rights............................................63
        11.8.    Application of Proceeds......................................63
        11.9.    Certain Proceedings..........................................63
        11.10.   Limitation of Rights.........................................64
        11.11.   Expenditures By Lenders......................................64
        11.12.   Indemnification..............................................64

Section 12.      AGREEMENT AMONG LENDERS......................................65
        12.1.    Administrative Agent.........................................65
        12.2.    Expenses.....................................................66
        12.3.    Proportionate Absorption of Losses...........................67
        12.4.    Delegation of Duties; Reliance...............................67
        12.5.    Limitation of Liability......................................67
        12.6.    Default; Collateral..........................................68
        12.7.    Limitation of Liability......................................70
        12.8.    Relationship of Lenders......................................70
        12.9.    Benefits of Agreement........................................70
        12.10.   Intentionally Omitted........................................70
        12.11.   Obligations Several..........................................70
        12.12.   Financial Hedges.............................................70
        12.13.   Successor Administrative Agent...............................71

Section 13.      MISCELLANEOUS................................................71
        13.1.    Headings.....................................................71
        13.2.    Nonbusiness Days.............................................71
        13.3.    Communications...............................................71
        13.4.    Form and Number of Documents.................................72
        13.5.    Exceptions to Covenants......................................72
        13.6.    Survival.....................................................72
        13.7.    Governing Law................................................72
        13.8.    Invalid Provisions...........................................72
        13.9.    ENTIRETY.....................................................72
        13.10.   JURISDICTION; VENUE; SERVICE OF PROCESS; JURY TRIAL..........73
        13.11.   Amendments, Consents, Conflicts, And Waivers.................73
        13.12.   Multiple Counterparts........................................74
        13.13.   Successors and Assigns; Assignments and Participations.......75
        13.14.   Discharge only upon Payment in Full;
                   Reinstatement in Certain Circumstances.....................78
        13.15.   Restatement of Existing Credit Agreement/No Novation.........78

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                             SCHEDULES AND EXHIBITS

Schedule 2.1    -   Lenders and Commitments
Schedule 7.1    -   Conditions Precedent to Effectiveness
Schedule 7.2    -   Conditions Precedent to Permitted Acquisition
Schedule 7.3(a) -   Conditions Precedent to Initial Borrowing
Schedule 8.2    -   FCC and PUC Licenses
Schedule 8.3    -   Capital Stock and Partnership Interests;
Schedule 8.7    -   Litigation, Claims, Investigations
Schedule 8.15   -   Material Agreements
Schedule 9.13   -   Existing Liens
Schedule 9.20   -   Existing Investments
Schedule 9.30   -   Existing Liens of Communications

Exhibit A-1     -   Form of Revolver Note
Exhibit B-1     -   Form of Borrowing Notice
Exhibit C       -   Form of Guaranty
Exhibit D-1     -   Form of Pledge, Assignment, and Security Agreement
Exhibit D-2     -   Form of Pledge, Assignment, and Security Agreement
                      for Communications

Exhibit E-1     -   Form of Compliance Certificate
Exhibit E-2     -   Form of Permitted Acquisition Compliance Certificate
Exhibit E-3     -   Form of Permitted Acquisition Loan Closing Certificate
Exhibit F       -   Form of Assignment and Acceptance Agreement
Exhibit G-1     -   Form of Opinion of Counsel of Borrower
Exhibit G-2     -   Form of Opinion of New York Counsel of Borrower
Exhibit G-3     -   Form of Opinion of Special Regulatory Counsel
Exhibit H       -   Form of Affiliate Subordination Agreement

<PAGE>
                   SECOND AMENDED, RESTATED, AND CONSOLIDATED
                           REVOLVING CREDIT AGREEMENT

This Second Amended, Restated, and Consolidated Revolving Credit Agreement is
entered into as of September 26, 2003, among DOBSON OPERATING CO., L.L.C., an
Oklahoma limited liability company (the "Borrower"), LEHMAN COMMERCIAL PAPER
INC. ("LCPI"), BEAR STEARNS CORPORATE LENDING INC. ("BSCL") and MORGAN STANLEY
SENIOR FUNDING, INC. ("MSSF") and each other Lender party hereto from time to
time, as the Lenders and LCPI, as successor Administrative Agent (the
"Administrative Agent"), for itself and the other Lenders.

                                    RECITALS

     WHEREAS, the Borrower is a party to the Amended, Restated, and Consolidated
Revolving Credit and Term Loan Agreement dated as of January 18, 2000 (as
amended through the date hereof, the "Existing Credit Agreement"), among the
Borrower, the lenders party thereto, Bank of America, N.A., as administrative
agent (the "Resigning Administrative Agent"), for itself and the other lenders,
LCPI and Toronto Dominion (Texas), Inc., as co-syndication agents, First Union
National Bank and PNC Bank, National Association, as co-documentation agents,
and the managing agents and co-agents;

     WHEREAS, on September 26, 2003 Bank of America, N.A. resigned as
Administrative Agent pursuant to Section 12.1(b) of the Existing Credit
Agreement;

     WHEREAS, the Resigning Administrative Agent and the Administrative Agent
have concurrently herewith (but prior to the effectiveness of this Agreement)
entered into the Assignment and Release Agreement dated the date hereof (the
"Assignment and Release Agreement") pursuant to which (i) the resignation by
Bank of America, N.A. of its duties as Resigning Administrative Agent is
confirmed, (ii) the Resigning Administrative Agent has assigned all its
respective rights, title and interest in, to and under the Existing Credit
Agreement and the Loan Documents (as defined in the Existing Credit Agreement)
and delegated all of its respective obligations thereunder and with respect
thereto to the Administrative Agent, and (iii) LCPI as the successor
Administrative Agent has accepted such assignment and delegation;

     WHEREAS, Communications has made a capital contribution and a subordinated
loan (which is subordinated to the Obligation in accordance with Section
9.29(c)(i)) to the Borrower and the Borrower in turn applying the amount of such
capital contribution and subordinated loan in repayment in full of the
Borrowings under the Term Loan A Facility, the Term Loan B Facility and the
Revolver Facility (and payment of all other accrued amounts) outstanding under
the Existing Credit Agreement and for its general corporate and working capital
purposes;

     WHEREAS, on September 26, 2003 certain Revolver Lenders (as defined in the
Existing Credit Agreement), constituting the Required Lenders, assigned all
their Revolver Commitments to LCPI, and LCPI has assigned one-third of such
Revolver Commitments to each of BSCL and MSSF.

     WHEREAS, the Borrower has requested that the Loan Parties amend and restate
the Existing Credit Agreement on the terms set forth in this Agreement, which
Agreement shall become effective upon satisfaction of certain conditions
precedent set forth herein; and

     WHEREAS, it is the intent of the parties hereto that this Agreement not
constitute a novation of the obligations and liabilities existing under the
Existing Credit Agreement (including, without limitation, the Revolver
Commitments of the Lenders thereunder) or evidence payment of all or any of such
obligations and liabilities (other than the repayment in full of the Borrowings
under the Term Loan A Facility and the Term Loan B Facility referred to above),
that this Agreement amend and restate in its entirety the Existing Credit
Agreement.

     NOW, THEREFORE, in consideration of the above premises, the parties hereto
agree as follows:

                       Section 1. DEFINITIONS AND TERMS.

     1.1. Definitions. As used herein:

     "Acquisition" means any transaction or series of related transactions for
the purpose of, or resulting in, directly or indirectly, (a) the acquisition by
any Company of all or substantially all of the assets of a Person or of any
business or division of a Person, (b) the acquisition by any Company of more
than 50% of any class of Voting Stock (or similar ownership interests) of any
Person (provided that, formation or organization of any entity shall not
constitute an "Acquisition" to the extent that the amount of the loan, advance,
investment, or capital contribution in such entity constitutes a permitted
investment under Section 9.20); or (c) a merger, consolidation, amalgamation, or
other combination by any Company with another Person if a Company is the
surviving entity; provided that, in any merger involving Borrower, Borrower must
be the surviving entity.

     "Administrative Agent" means LCPI as successor "Administrative Agent" for
Lenders under the Loan Documents, and its permitted successors or assigns in
such capacity.

     "Affiliate" of any Person means any other individual or entity who directly
or indirectly controls, or is controlled by, or is under common control with,
such Person, and, for purposes of this definition only, "control," "controlled
by," and "under common control with" mean possession, directly or indirectly, of
the power to direct or cause the direction of management or policies (whether
through ownership of voting securities, by contract, or otherwise).

     "Affiliate Subordination Agreement" means, individually, and "Affiliate
Subordination Agreements" means, collectively, (a) the Affiliate Subordination
Agreements and reconfirmations thereof executed and delivered by Affiliates of
Loan Parties pursuant to the Existing Credit Agreement, as amended and ratified
pursuant to this Agreement; (b) any other Affiliate Subordination Agreement
(substantially in the form of Exhibit H) executed and delivered by any Person
pursuant to the requirements of the Loan Documents; and (c) any amendments,
modifications, supplements, ratifications, or restatements of any Affiliate
Subordination Agreement made in accordance with the Loan Documents.

     "Agreement" means this Second Amended, Restated, and Consolidated Revolving
Credit Agreement (as the same may hereafter be amended, modified, supplemented,
or restated from time to time).

     "Applicable Lending Office" means, for each Lender the "Lending Office" of
such Lender (or an affiliate of such Lender) designated on Schedule 2.1 attached
hereto or such other office that such Lender (or an affiliate of such Lender)
may from time to time specify to Administrative Agent and Borrower by written
notice in accordance with the terms hereof.

     "Applicable Margin" means 6.0% per annum.

     "Approved Fund" means, with respect to any Lender that is a fund or
commingled investment vehicle that invests in loans, any other fund that invests
in loans and is managed or advised by the same investment advisor as such Lender
or by an Affiliate of such investment advisor.

     "Assumed Taxes" means, with respect to any Equity Issuance, an amount equal
to such incremental annual increase in franchise Taxes as Borrower estimates in
good faith shall be payable as a result of such Equity Issuance.

     "Authorizations" means (i) all material filings, recordings, and
registrations with, and all material validations or exemptions, approvals,
orders, authorizations, consents, franchises, licenses, certificates, and
permits from, any Governmental Authority (other than the FCC and applicable
PUCs), including without limitation, any of the foregoing authorizing or
permitting the acquisition, construction, or operation of any System and (ii)
all filings, recordings, and registrations with, and all validations or
exemptions, approvals, orders, authorizations, consents, franchises, licenses,
certificates, and permits from, the FCC and applicable PUCs, including without
limitation, any of the foregoing authorizing or permitting the acquisition,
construction, or operation of any System.

     "Base Rate": means, for any day, a rate per annum (rounded upwards, if
necessary, to the next 1/16 of 1%) equal to the greatest of (a) the Prime Rate
in effect on such day and (b) the Federal Funds Effective Rate in effect on such
day plus 1/2 of 1%. For purposes hereof: "Prime Rate" shall mean the prime
lending rate as set forth on the British Banking Association Telerate Page 5 (or
such other comparable page as may, in the opinion of the Administrative Agent,
replace such page for the purpose of displaying such rate), as in effect from
time to time. Any change in the Base Rate due to a change in the Prime Rate
actually available or the Federal Funds Effective Rate shall be effective as of
the opening of business on the effective day of such change in the Prime Rate or
the Federal Funds Effective Rate, respectively. The Prime Rate is a reference
rate and does not necessarily represent the lowest or best rate actually
available.

     "Base Rate Borrowing" means a Borrowing bearing interest at the sum of the
Base Rate plus the Applicable Margin.

     "Borrower" is defined in the preamble to this Agreement.

     "Borrowing" means any amount disbursed (a) by one or more Lenders under the
Revolver Facility, whether such amount constitutes an original disbursement of
funds or the continuation of an amount outstanding or (b) by any Lender in
accordance with, and to satisfy the obligations of any Loan Party under, any
Loan Document.

     "Borrowing Date" is defined in Section 2.4(a).

     "Borrowing Notice" means a request for Borrowing made pursuant to Section
2.4(a), substantially in the form of Exhibit B-1.

     "Budget" means the most recently delivered of the (a) annual financial
budgets for the Companies and Communications and their respective Restricted
Subsidiaries delivered by the Companies and Communications pursuant to Section
9.3(d), together with any adjustments to any Budget (whether described in clause
(a) or (b)) made from time to time based on projections delivered in connection
with Permitted Acquisitions pursuant to Section 7.2 and the requirements of a
"Permitted Acquisition" as set forth in this Section 1.1, so long as such
projections have been approved by Administrative Agent.

     "Business Day" means for all purposes, any day other than Saturday, Sunday,
and any other day on which commercial banking institutions are required or
authorized by Law to be closed in New York, New York.

     "Capital Expenditures" means an expenditure (determined in accordance with
GAAP) for any fixed asset owned by any Company and used in the operations of
such Company having a useful life of more than one year, or any improvements or
additions thereto, including the direct or indirect acquisition of such assets,
and including any obligations to pay rent or other amounts under a Capital
Lease; provided, however, that Capital Expenditures shall not include
acquisitions of stock or assets which are made in accordance with Section 9.20
hereof.

     "Capital Lease" means any capital lease or sublease which should be
capitalized on a balance sheet in accordance with GAAP.

     "Cash Equivalents" means:

          (a) Readily marketable, direct, full faith and credit obligations of
     the United States of America, or obligations guaranteed by the full faith
     and credit of the United States of America, maturing within not more than
     one year from the date of acquisition;

          (b) Short term certificates of deposit and time deposits, which mature
     within one year from the date of issuance and which are fully insured by
     the Federal Deposit Insurance Corporation;

          (c) Commercial paper maturing in 365 days or less from the date of
     issuance and rated either "P-1" by Moody's Investors Service, Inc.
     ("Moody's"), or "A-1" by Standard and Poor's Rating Group (a division of
     McGraw-Hill, Inc., "S&P");

          (d) Debt instruments of a domestic issuer which mature in one year or
     less and which are rated "A" or better by Moody's or S&P on the date of
     acquisition of such investment; and

          (e) Demand deposit accounts which are maintained in the ordinary
     course of business.

     "Cash-Pay Date" means, with respect to any issue of Preferred Stock or
Exchange Debentures, the date specified in the related Certificate of
Designation or Indentures for such series of Preferred Stock or Exchange
Debentures after which all dividends or payments must be paid in cash.

     "Cellular Assets" means any Cellular Systems or Franchise Interest owned
directly or indirectly by any Person and used in connection with such Person's
Cellular Business.

     "Cellular Business" means the business of owning or operating one or more
Cellular Systems and other business directly related thereto.

     "Cellular Entity" means a Cellular Licensee or Cellular Permittee.

     "Cellular Licensee" means any Person that is authorized to own, control,
and operate a Cellular System.

     "Cellular Partnership" means, individually, and "Cellular Partnerships"
means, collectively, any entity in which Borrower or one of its Restricted
Subsidiaries owns, directly or indirectly, a partnership interest.

     "Cellular Permittee" means a Person that is authorized by the FCC to
construct a Cellular System.

     "Cellular System" means a domestic public cellular radio telecommunications
service system licensed under Part 22 of the rules promulgated by the FCC.

     "Code" means the Internal Revenue Code of 1986, as amended, together with
the rules and regulations promulgated thereunder.

     "Collateral" means all of the items and types of property described as
"Collateral" in now existing or hereafter created Collateral Documents and all
cash and non-cash proceeds thereof.

     "Collateral Documents" means all security agreements, pledge agreements,
financing statements, assignments of partnership interests, Guaranties,
mortgages, and deeds of trust at any time delivered to Administrative Agent to
create or evidence Liens securing the Obligation, together with all
reaffirmations, amendments, and modifications thereof or supplements thereto.

     "Commitment Percentage" means, at any date of determination, for any
Lender, the proportion (stated as a percentage) that its Committed Sum for the
Revolver Facility bears to the aggregate Committed Sums of all Lenders for the
Revolver Facility.

     "Committed Sum" means for any Revolver Lender, with respect to the Revolver
Facility, at any date of determination occurring prior to the respective
Termination Date for the Revolver Facility, the amount stated beside such
Revolver Lender's name under the heading for the Revolver Facility on the
most-recently amended Schedule 2.1 to this Agreement (which amount is subject to
increase, reduction, or cancellation in accordance with the Loan Documents).

     "Communications" means Dobson Communications Corporation, an Oklahoma
corporation, which owns all of the issued and outstanding shares of capital
stock of Borrower.

     "Communications Act" means, collectively, The Federal Communications Act Of
1934, as amended from time to time, and the rules and regulations in effect at
any time thereunder.

     "Communications Bond Debt" means (i) the Existing Bond Debt and (ii) the
New Bond Debt."

     "Companies" means, at any date of determination thereof, Borrower and each
of its Restricted Subsidiaries; and "Company" means, on any date of
determination, Borrower or any of its Restricted Subsidiaries.

     "Compliance Certificate" means a certificate signed by a Responsible
Officer, substantially in the form of Exhibit E-1.

     "Current Financials" means, at the time of any determination thereof, the
more recently delivered to Lenders of either (a) (i) the audited Financial
Statements for the fiscal years ended December 31, 2001 and December 31, 2002,
calculated on a consolidated basis for Communications and its Subsidiaries; (ii)
the unaudited Financial Statements for the fiscal quarter ended June 30, 2003,
calculated on a consolidated basis for each of the Borrower and its Subsidiaries
or (b) the Financial Statements required to be delivered under Sections 9.3(a)
or 9.3(b), as the case may be, calculated on a consolidated basis for the
Companies and for Communications and its Restricted Subsidiaries.

     "DCCPCS" means DCC PCS, Inc., an Oklahoma corporation and a Subsidiary of
Communications.

     "DCCPCS Loan" means the unsecured, subordinated loan from Borrower to
DCCPCS in an amount not to exceed $50,000,000, on terms and conditions
satisfactory to Administrative Agent.

     "Debt" means (without duplication), for any Person, the sum of the
following: (a) all liabilities, obligations, and indebtedness of such Person
which in accordance with GAAP should be classified upon such Person's balance
sheet as liabilities in respect of (i) money borrowed, including, without
limitation, the Principal Debt, (ii) obligations of such Person under Capital
Leases, (iii) obligations of such Person under non-compete agreements entered
into in connection with Permitted Acquisitions, and (iv) obligations of such
Person issued or assumed as the deferred purchase price of property, all
conditional sale obligations, and obligations under any title retention
agreement (but excluding trade accounts payable arising in the ordinary course
of business); (b) all obligations of the type referred to in clauses (a)(i)
through (a)(iii) preceding of other Persons for the payment of which such Person
is responsible or liable as obligor, guarantor, or otherwise; (c) all
obligations of the type referred to in clauses (a)(i) through clauses (a)(iii)
and clauses (b) preceding of other Persons secured by any Lien on any property
or asset of such Person (whether or not such obligation is assumed by such
Person), the amount of such obligation being deemed to be the lesser of the
value of such property or assets or the amount of the obligation so secured; (d)
the face amount of all letters of credit and banker's acceptances issued for the
account of such Person, and without duplication, all drafts drawn and unpaid
thereunder; and (e) net payments under Financial Hedges.

     "Debt Issuance" means any Debt of Borrower or any Company for borrowed
money issued or incurred after the Effective Date, other than Permitted Debt.

     "Debtor Relief Laws" means the Bankruptcy Code of the United States of
America and all other applicable liquidation, conservatorship, bankruptcy,
moratorium, rearrangement, receivership, insolvency, reorganization, fraudulent
transfer or conveyance, suspension of payments, or similar Laws from time to
time in effect affecting the Rights of creditors generally.

     "Default" is defined in Section 10.

     "Default Rate" means a per annum rate of interest equal from day to day to
the lesser of (a) the sum of the Base Rate plus the highest Applicable Margin
for Base Rate Borrowings for the Revolver Facility plus 2% and (b) the Maximum
Rate.

     "Distribution" for any Person means, with respect to any shares of any
capital stock, membership interest, or any other equity securities issued by
such Person, (a) the retirement, redemption, purchase, or other acquisition for
value of any such securities, (b) the declaration or payment of any dividend or
distribution on or with respect to any such securities, and (c) any other
payment by such Person with respect to such securities.

     "Dobson Cellular Systems" Dobson Cellular Systems, Inc., an Oklahoma
corporation.

     "Dollars" and the symbol $ means lawful money of the United States of
America.

     "Domestic Subsidiary" of any Person means a direct or indirect Subsidiary
of such Person that is organized or incorporated under the Laws of a
jurisdiction of the United States, other than a direct or indirect Subsidiary of
a Foreign Subsidiary of such Person.

     "Effective Date" means the date upon which this Agreement has been executed
by Borrower, Lenders, and Administrative Agent and all conditions precedent
specified in Section 7.1 have been satisfied or waived.

     "Eligible Assignee" means (a) a Lender; (b) an Affiliate of a Lender (so
long as such assignment is not made in conjunction with the sale of such
Affiliate); (c) an Approved Fund of the assigning Lender; and (d) any other
Person approved by Administrative Agent (which approval will not be unreasonably
withheld or delayed by Administrative Agent) and, unless a Default or Potential
Default has occurred and is continuing at the time any assignment is effected in
accordance with Section 13.13, Borrower, such approval not to be unreasonably
withheld or delayed by Borrower and such approval to be deemed given by Borrower
if no objection is received by the assigning Lender and Administrative Agent
from Borrower within five Business Days after notice of such proposed assignment
has been provided by the assigning Lender to Borrower; provided, however, that
neither Borrower nor any Affiliate of Borrower shall qualify as an Eligible
Assignee.

     "Employee Plan" means, at any time, each Single-Employer Plan and each
Multiemployer Plan.

     "Environmental Law" means any applicable Law that relates to (a) the
condition or protection of air, groundwater, surface water, soil, or other
environmental media, (b) the environment, including natural resources or any
activity which affects the environment, (c) the regulation of any pollutants,
contaminants, wastes, substances, and Hazardous Substances, including, without
limitation, the Comprehensive Environmental Response, Compensation, and
Liability Act (42 U.S.C. Section 9601 et seq.) ("CERCLA"), the Clean Air Act (42
U.S.C. Section 7401 et seq.), the Federal Water Pollution Control Act, as
amended by the Clean Water Act (33 U.S.C. Section 1251 et seq.), the Federal
Insecticide, Fungicide, and Rodenticide Act (7 U.S.C. Section 136 et seq.), the
Emergency Planning and Community Right to Know Act of 1986 (42 U.S.C. Section
11001 et seq.), the Hazardous Materials Transportation Act (49 U.S.C. Section
1801 et seq.), the National Environmental Policy Act of 1969 (42 U.S.C. Section
4321 et seq.), the Oil Pollution Act (33 U.S.C. Section 2701 et seq.), the
Resource Conservation and Recovery Act (42 U.S.C. Section 6901 et seq.), the
Rivers and Harbors Act (33 U.S.C. Section 401 et seq.), the Safe Drinking Water
Act (42 U.S.C. Section 201 and Section 300f et seq.), the Solid Waste Disposal
Act, as amended by the Resource Conservation and Recovery Act of 1976 and the
Hazardous and Solid Waste Amendments of 1984 (42 U.S.C. Section 6901 et seq.),
the Toxic Substances Control Act (15 U.S.C. Section 2601 et seq.), and analogous
state and local Laws, as any of the foregoing may have been and may be amended
or supplemented from time to time, and any analogous future enacted or adopted
Law, or (d) the Release or threatened Release of Hazardous Substances.

     "Environmental Liability" means any obligation, liability (including,
without limitation, any strict liability), loss, fine, penalty, charge, Lien,
damage, cost, or expense of any kind to the extent that it results (a) from any
violation of or any obligation or liability under any Environmental Law, (b)
from the presence, Release, or threatened Release of any Hazardous Substance, or
(c) from actual or threatened damages to natural resources.

     "Environmental Permit" means any permit, license, or other Authorization
from any Governmental Authority that is required under any Environmental Law for
the lawful conduct of any business, process, or other activity.

     "Equity Issuance" means the issuance on and after the Effective Date by
Communications or any Company of any shares of any class of stock, warrants, or
other equity interests, other than (a) present and future shares of stock,
options, or warrants issued to employees, directors, or consultants of the
Companies under Communication's or any Company's stock option plan or other
benefit or compensation plans or arrangements, (b) stock issued upon the
exercise of any such warrants or options, (c) the Preferred Stock, (d) any
shares of any class of stock, warrants, or other equity interests issued from a
Company solely to another Company, (e) the common stock of Communications issued
pursuant to the initial public offering of Communications, (f) common stock of
Communications issued solely in connection with Permitted Acquisitions
structured as a merger, so long as, no Default or Potential Default exists or
arises as a result thereof, and (g) prior to or concurrently with the initial
public offering of Communications, any issuance of voting securities of
Communications in exchange for, or as consideration for the cancellation of,
other securities of Communications, other than the Preferred Stock.

     "ERISA" means the EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, as
amended, and the regulations and rulings thereunder.

     "ERISA Affiliate" means any company or trade or business (whether or not
incorporated) which, for purposes of Title IV of ERISA, is, or has been within
the past six years, a member of any Loan Party's controlled group or which is,
or has been within the past six years, under common control with any Loan Party
within the meaning of Section 414(b), (c), (m), or (o) of the Code.

     "Excess Cash Flow" means, on any date of determination with respect to the
fiscal year then most recently ended, Operating Cash Flow of the Companies, plus
any net decrease in Working Capital of the Companies, less the sum of, without
duplication, (a) Capital Expenditures made by the Companies during 13 such
fiscal year which were permitted to be made under the terms of the Loan
Documents, (b) required payments of principal on Permitted Debt of the Companies
made during such fiscal year (other than payments made pursuant to Section
3.3(b) and (c)), (c) the aggregate Taxes actually paid in cash by the Companies
during such fiscal year, (d) Distributions (including, without limitation,
Partnership Distributions) made by the Companies during such fiscal year to the
extent permitted by the Loan Documents, other than cash Distributions made under
Section 9.20(q); (e) Interest Expense paid by the Companies during such fiscal
year or accrued during such fiscal year in compliance with the Loan Documents,
so long as such accrued interest is actually paid by the Companies during such
fiscal year or the first two (2) calendar months of the following fiscal year in
compliance with the Loan Documents; and (f) any net increase in Working Capital.

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

     "Exchange Debentures" means any subordinated debentures issued in exchange
for all or any portion of the Preferred Stock, all as more particularly
described in the related Offering Memorandum for such Preferred Stock.

     "Existing Bond Debt" means (i) the 10.875% Senior Notes due 2010 issued by
Communications in an aggregate original principal amount of $300,000,000, (ii)
the 11.75% Senior Notes due 2007 issued by Communications (in an aggregate
principal amount not exceeding $30,000,000 as of the Effective Date) and (iii)
the 12.25% senior notes due 2008 issued by Dobson/Sygnet Communications Company
(provided that such Debt under this clause (iii) shall, until Dobson/Sygnet
Communications Company becomes a Subsidiary of the Borrower, be treated as
Existing Bond Debt only for the purposes of Section 9.29(e)), and each indenture
and all other documents and agreements evidencing and establishing such Debt, as
each of the same may be amended from time to time in accordance with the terms
thereof and hereof.

     "Existing Collateral Documents" is defined in Section 6.3.

     "Exhibit" means an exhibit to this Agreement unless otherwise specified.

     "FCC" means the Federal Communications Commission and any successor
regulatory body.

     "Federal Funds Effective Rate" means, for any day, the weighted average of
the rates on overnight federal funds transactions with members of the Federal
Reserve System arranged by federal funds brokers, as published on the next
succeeding Business Day by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day which is a Business Day, the average of the
quotations for the day of such transactions received by the Reference Lender
from three federal funds brokers of recognized standing selected by it.

     "Financial Hedge" means a swap, collar, floor, cap, or other contract which
is intended to reduce or eliminate the risk of fluctuations in interest rates
and which complies with the applicable requirements of Section 9.26(c) and is
otherwise in compliance with the requirements of the Loan Documents.

     "Financial Statements" means balance sheets, statements of operations,
statements of shareholders' equity, and statements of cash flows prepared in
accordance with GAAP, which statements of operations and statements of cash
flows shall be in comparative form to the corresponding period of the preceding
fiscal year, and which balance sheets and statements of shareholders' equity
shall be in comparative form to the prior fiscal year-end figures.

     "Fixed Charge Coverage Ratio" means, for the Companies, at any date of
determination with respect to the most recently ended Rolling Period, the ratio
of: (a) the Operating Cash Flow of the Companies minus the amount paid for
Capital Expenditures by the Companies to (b) the sum of (i) all
regularly-scheduled principal payments with respect to Total Debt required to be
paid, (ii) cash Interest Expense, and (iii) Distributions paid in cash by
Borrower.

     "Foreign Subsidiary" of any Person means a Subsidiary of such Person that
is organized or incorporated under the Laws of a jurisdiction other than a
jurisdiction of the United States.

     "Franchise Interest" means a direct or indirect ownership in any Person
that is a Cellular Entity.

     "GAAP" means generally accepted accounting principles of the Accounting
Principles Board of the American Institute of Certified Public Accountants and
the Financial Accounting Standards Board which are applicable from time to time.

     "Governmental Authority" means any (a) local, state, municipal, or federal
judicial, executive, or legislative instrumentality, (b) private arbitration
board or panel, or (c) central bank.

     "GRTI" means Gila River Telecommunications Subsidiary, Inc., a corporation
organized pursuant to Gila River Indian Resolution Number GR-10-97.

     "GRTI Note" means the Secured Non-Recourse Term Note dated September 30,
1997, by GRTI in favor of DOC, executed pursuant to that certain Non-Recourse
Term Loan Agreement dated September 30, 1997, executed by GRTI, as "Borrower",
and DOC, as the lender thereunder.

     "Guarantor" means any Person, including, but not limited to, each
Restricted Subsidiary of Borrower or any other Company that is a Domestic
Subsidiary of Borrower which undertakes to be liable for all or any part of the
Obligation by execution of a Guaranty or otherwise.

     "Guaranty" means (a) a Guaranty in substantially the form and upon the
terms of Exhibit C, executed and delivered by any Person pursuant to the
requirements of the Loan Documents; and (b) any amendments, modifications,
supplements, restatements, ratifications, or reaffirmations of any Guaranty made
in accordance with the Loan Documents.

     "Hazardous Substance" means (a) any substance that is designated, defined,
or classified as a hazardous waste, hazardous material, pollutant, contaminant,
or toxic or hazardous substance, or that is otherwise regulated, under any
Environmental Law, including without limitation, any hazardous substance within
the meaning of Section 101(14) of CERCLA, (b) petroleum, oil, gasoline, natural
gas, fuel oil, motor oil, waste oil, diesel fuel, jet fuel, and other petroleum
hydrocarbons, (c) asbestos and asbestos-containing materials in any form, (d)
polychlorinated biphenyls, or (e) urea formaldehyde foam

     "Interest Coverage Ratio" means on any date of determination the ratio of
the Operating Cash Flow of the Companies to the cash Interest Expense of the
Companies for the Rolling Period then ended.

     "Interest Expense" means, for any period of calculation thereof, for any
Person, the aggregate amount of all interest (including commitment fees) on all
Debt of such Person, whether paid in cash or accrued as a liability and payable
in cash during such period (including, without limitation, imputed interest on
Capital Lease obligations; the amortization of any original issue discount on
any Debt; the interest portion of any deferred payment obligation; all
commissions, discounts, and other fees and charges owed with respect to letters
of credit or bankers' acceptance financing; net costs associated with Financial
Hedges; the interest component of any Debt that is guaranteed or secured by such
Person), and all cash premiums or penalties for the repayment, redemption, or
repurchase of Debt. With respect to the calculation of Interest Expense for the
Companies, Interest Expense shall include (without duplication) the aggregate
amount of interest on the Communications Bond Debt (whether accrued or actually
paid in cash).

     "Laws" means all applicable statutes, laws, treaties, ordinances, tariff
requirements, rules, regulations, orders, writs, injunctions, decrees,
judgments, opinions, or interpretations of any Governmental Authority.

     "LCPI" means Lehman Commercial Paper Inc.

     "Lenders" means, on any date of determination, the financial institutions
named on "Schedule 2.1" (as the same may be amended from time to time by
Administrative Agent to reflect the assignments made in accordance with Section
13.13(b)), and subject to the terms and conditions of this Agreement, and their
respective successors and assigns (but not any Participant who is not otherwise
a party to this Agreement); provided that, solely for purposes of any Collateral
Document and Section 12 and Sections 3.11 and 3.12; "Lenders" shall also include
any Lender or Affiliate of a Lender who is party to a Financial Hedge with
Borrower and their respective successors and assigns (for purposes hereof, each
Lender shall be deemed to have entered into this Agreement for and on behalf of
any Affiliate now or hereafter party to a Financial Hedge with Borrower).

     "Leverage Ratio" means, with respect to the Companies on a consolidated
basis, at any date of determination thereof, the ratio of (a) the Total Debt
outstanding on such date to (b) Operating Cash Flow of the Companies.

     "Lien" means any lien, mortgage, security interest, pledge, assignment,
charge, title retention agreement, or encumbrance of any kind, and any other
Right of or arrangement with any creditor (other than under or relating to
subordination or other intercreditor arrangements) to have its claim satisfied
out of any property or assets, or the proceeds therefrom, prior to the general
creditors of the owner thereof.

     "Litigation" means any action by or before any Governmental Authority.

     "Loan Documents" means (a) this Agreement, the Revolver Notes, the
Collateral Documents, (b) all agreements, documents, or instruments in favor of
the Administrative Agents or Lenders ever delivered pursuant to this Agreement
or otherwise delivered in connection with all or any part of the Obligation, and
(c) any and all future renewals, extensions, restatements, reaffirmations, or
amendments of, or supplements to, all or any part of the foregoing.

     "Loan Parties" means, on any date of determination, Borrower,
Communications and all Guarantors.

     "Material Adverse Event" means any set of one or more circumstances or
events which, individually or collectively, would reasonably be expected to
result in any (a) material impairment of the ability of any Loan Party to
perform any of its payment or other material obligations under the Loan
Documents or the ability of Administrative Agent or any Lender to enforce any
such obligations or any of their respective Rights under the Loan Documents, (b)
material and adverse effect on the business, properties, condition (financial or
otherwise), or results of operations of any Loan Party or any Subsidiary
thereof, taken as a whole, or (c) Default or Potential Default.

     "Maximum Amount and Maximum Rate" respectively mean, for each Lender, the
maximum non-usurious amount and the maximum non-usurious rate of interest which,
under applicable Law, such Lender is permitted to contract for, charge, take,
reserve, or receive on the Obligation.

     "Multiemployer Plan" means a multiemployer plan as defined in Sections
3(37) or 4001(a)(3) of ERISA or Section 414(f) of the Code to which any Loan
Party, any Restricted Subsidiary thereof, or any ERISA Affiliate of any Loan
Party is making, has made, is accruing, or has accrued, an obligation to make
contributions or has, within any of the preceding five plan years, made or
accrued an obligation to make contributions.

     "New Bond Debt" means the 8.875% Senior Notes due 2013 issued by
Communications in an aggregate original principal amount of $650,000,000, and
the documents and agreements evidencing and establishing such Debt, as the same
may be amended from time to time in accordance with the terms thereof and
hereof.

     "Net Cash Proceeds" means (a) with respect to any Significant Sale or any
Permitted Asset Swap, cash (freely convertible into Dollars) (including, any
cash received by way of deferred payment pursuant to a promissory note or
otherwise, but only as and when received) received in connection with and as
consideration therefor, on or after the date of consummation of such Significant
Sale and Permitted Asset Swap, by any Company from any Significant Sale or any
Permitted Asset Swap, after (i) deduction of Taxes actually paid, (ii) payment
of all usual and customary brokerage commissions and all other reasonable fees
and expenses related to any Significant Sale or any Permitted Asset Swap
(including, without limitation, reasonable attorneys' fees and closing costs
incurred in connection with any Significant Sale or any Permitted Asset Swap),
(iii) deduction of appropriate amounts to be provided by any Company as a
reserve, in accordance with GAAP, against any liabilities retained by any
Company after any Significant Sale or any Permitted Asset Swap, which
liabilities are associated with the asset or assets being sold, including,
without limitation, pension and other post-employment benefit liabilities and
liabilities related to environmental matters or against any indemnification
obligations associated with any Significant Sale or any Permitted Asset Swap,
and (iv) deduction for the amount of any Debt (other than the Obligation)
secured by the respective asset or assets being sold, which Debt is required to
be repaid as a result of any Significant Sale or any Permitted Asset Swap; (b)
with respect to any Debt Issuance, cash (freely convertible into Dollars)
received, on or after the date of incurrence of such Debt, by any Company from
the incurrence of such Debt after (i) payment of all reasonable attorneys' fees
and usual and customary underwriting commissions, closing costs, and other
reasonable expenses associated with such incurrence of Debt, (ii) deduction of
all deposits, escrow amounts, or other reserves required to be maintained by any
Company in connection with such Debt, and (iii) deductions for the amount of any
other Debt (other than the Obligation) which is required to be repaid
concurrently with or otherwise as a result of the incurrence of such Debt; and
(c) with respect to any Equity Issuance, cash (freely convertible into Dollars)
(including any cash received by way of deferred payment pursuant to a promissory
note, or otherwise, but only as and when received) received, on or after the
date of such Equity Issuance, by Communications or any Company from such Equity
Issuance, net of usual and customary transaction costs and expenses and Assumed
Taxes.

     "Obligation" means all present and future indebtedness, liabilities, and
obligations, and all renewals and extensions thereof, or any part thereof, now
or hereafter owed to Administrative Agent, any other Agent, any Lender, or any
Affiliate of any Lender by any Loan Party arising from, by virtue of, or
pursuant to any Loan Document, together with all interest accruing thereon,
fees, costs, and expenses (including, without limitation, all attorneys' fees
and expenses incurred in the enforcement or collection thereof) payable under
the Loan Documents; provided that, all references to the "Obligation" in the
Collateral Documents and in Sections 3.10, 3.11 and 3.12, shall, in addition to
the foregoing, also include all present and future indebtedness, liabilities,
and obligations (and all renewals and extensions thereof or any part thereof)
now or hereafter owed to any Lender or any Affiliate of a Lender arising from,
by virtue of, or pursuant to any Financial Hedge entered into by Communications
or any Company.

     "Operating Cash Flow" means, for any Person, as calculated at any date of
determination with respect to the most recently ended Rolling Period (unless
otherwise indicated), the sum (without duplication and without giving effect to
any extraordinary losses or gains during such period) of (a) net income or
deficit during such period, plus (b) to the extent already deducted in computing
such net income, (i) income Tax expense; (ii) Interest Expense during such
period, (iii) depreciation, amortization, and other non-cash expense items
during such period, plus (c) the amount of all payments under the GRTI Note
received by Borrower during such period, plus (d) to the extent not otherwise
included in Operating Cash Flow pursuant to the adjustments made in clause (a)
through (c) below, Partnership Distributions from any Cellular Partnership
during such period; less (e) interest and dividend income, less (f) other
non-cash components of income, in each case adjusted as required to take into
account any minority ownership interest; provided, however, in determining
Operating Cash Flow of the Companies (and any reference to "Operating Cash Flow
Of The Companies" in the Loan Documents shall expressly include/exclude the
following adjustments, as appropriate, and shall be calculated without
duplication):

     (A)  The Operating Cash Flow of any Cellular Partnership that is not a
          Wholly-owned Subsidiary of Borrower shall be included in the Operating
          Cash Flow of the Companies in an amount equal to (y) the applicable
          Company's percentage ownership of such Cellular Partnership multiplied
          by (z) the difference between (i) the Operating Cash Flow of such
          Cellular Partnership for the applicable period and (ii) the Debt of
          such Cellular Partnership (to the extent permitted by the Loan
          Documents) owed to any Person other than a Loan Party;

     (B)  The provision for income taxes and reductions in deferred taxes shall
          be adjusted in accordance with the Tax Sharing Agreement;

     (C)  In determining Operating Cash Flow for any Company, such amount shall
          be calculated after giving effect to Acquisitions and divestitures of
          such Company (to the extent permitted by the Loan Documents) during
          such period as if such transactions had occurred on the first day of
          such period, regardless of whether the effect is positive or negative.

     "OSHA" means the Occupational Safety And Health Act of 1970, 29 U.S.C.
Section 671 et seq.

     "Participant" is defined in Section 13.13(e).

     "Participation Certificate" is defined in Section 9.20.

     "Partnership Agreement" means, individually, and Partnership Agreements
means, collectively, on any date of determination the partnership agreements
which create the Cellular Partnerships, as each may be amended from time to time
in accordance with the terms hereof and thereof.

     "Partnership Distribution" for any Person means, with respect to such
Person's partnership interest in any Cellular Partnership, a cash distribution
with respect thereto paid from the operating income of such Cellular Partnership
(expressly excluding any partnership distributions representing a return on such
Person's capital investments in such Cellular Partnership or non-recurring or
other extraordinary gains realized by such Cellular Partnership).

     "PBGC" means the Pension Benefit Guaranty Corporation, or any successor
thereof, established pursuant to ERISA.

     "PCS Systems" means the wireless cellular communication systems offering
"Personal Communication Services" authorized under Part 24 of the FCC Rules (47
C.F.R. ss. 24.1 et seq.).

     "Permitted Acquisition" means:

          (a) Acquisitions and Permitted Asset Swaps by any Company of
     businesses which are engaged in the domestic cellular industry, with
     respect to which each of the following requirements shall have been
     satisfied:

               (ii) the Purchase Price for such Acquisition or Permitted Asset
          Swap must be less than or equal to $200,000,000, and when aggregated
          with the Purchase Price of all other Acquisitions and Permitted Asset
          Swaps consummated in any calendar year may not exceed $400,000,000 in
          the aggregate;

               (iii) immediately prior to the Acquisition or Permitted Asset
          Swap and after giving effect thereto and all Borrowings under the
          Revolver Facility to be made in connection therewith, there is at
          least $25 million of availability under the Revolver Commitment;

               (iv) as of the closing of any Acquisition or Permitted Asset
          Swap, the Acquisition or Permitted Asset Swap has been approved and
          recommended by the board of directors of the Person to be acquired or
          from which such business is to be acquired;

               (v) not less than 14 days prior to the closing of any Acquisition
          or Permitted Asset Swap, Borrower shall have delivered to
          Administrative Agent a Permitted Acquisition Compliance Certificate,
          demonstrating pro forma compliance with the terms and conditions of
          the Loan Documents, after giving effect to the Acquisition or
          Permitted Asset Swap, including (A) pro forma income statement and
          balance sheet for the Companies (after giving effect to the
          Acquisition or Permitted Asset Swap), and (B) cash flow projections
          for the Acquisition or Permitted Asset Swap for the period from the
          date of any such Acquisition or Permitted Asset Swap through the
          last-to-occur of the then-effective Termination Dates, demonstrating
          compliance with the Companies' applicable financial covenants and debt
          amortization schedules;

               (vi) not less than 30 days prior to the closing of any
          Acquisition or Permitted Asset Swap, Borrower shall have delivered to
          Administrative Agent a copy of the purchase agreement (including all
          schedules and exhibits thereto) relating to such Acquisition or
          Permitted Asset Swap; and prior to consummation of any Acquisition or
          Permitted Asset Swap, Borrower shall have satisfied the conditions
          precedent set forth in Section 7.2;

               (vii) each Authorization issued by the FCC or any PUC to be
          acquired by any Company shall be valid, binding, enforceable, and
          subsisting without any defaults thereunder or enforceable adverse
          limitations thereon and shall not be subject to any proceedings or
          claims opposing the issuance, development, or use thereof or
          contesting the validity thereof unless such Company has entered into
          an agreement with the seller of such Authorization protecting such
          Company from such adverse limitations, proceedings, or claims, which
          agreement shall be on terms and conditions satisfactory to
          Administrative Agent;

               (viii) as of the closing of any Acquisition or Permitted Asset
          Swap, after giving effect to such Acquisition or Permitted Asset Swap,
          the acquiring party must be Solvent and the Companies, on a
          consolidated basis, must be Solvent;

               (ix) as of the closing of any Acquisition or Permitted Asset
          Swap, no Default or Potential Default shall exist or occur as a result
          of, and after giving effect to, such Acquisition or Permitted Asset
          Swap;

               (x) as of the closing of any Acquisition or Permitted Asset Swap,
          (A) if such Acquisition is structured as a merger, Borrower, (or if
          such merger is with any Restricted Subsidiary of Borrower, then a
          domestic company that is or becomes a Restricted Subsidiary) must be
          the surviving entity after giving effect to such merger; and (B) if
          such Acquisition or Permitted Asset Swap is structured as a
          stock/equity acquisition, the acquiring Company shall own not less
          than a 75% interest in the entity being acquired and such acquired
          entity will be a domestic company that is or becomes a Restricted
          Subsidiary; or

          (b) Any other Acquisition for which the prior written consent of
     Required Lenders has been obtained.

     "Permitted Asset Swap" means an exchange (for reasonably equivalent value,
a portion of which may include cash) of Cellular Assets owned by a
non-affiliated Person for Cellular Assets owned by any Company; so long as (a)
no Default or Potential Default exists or arises as a result thereof; (b)
Borrower shall be in pro forma compliance with the terms and conditions of the
Loan Documents, after giving effect to the Permitted Asset Swap and shall
deliver to Administrative Agent a Compliance Certificate demonstrating
compliance with the financial covenants in Section 9.29; (c) the fair market
value of the Cellular Assets of the Companies exchanged in all Permitted Asset
Swaps shall not exceed $200,000,000 in the aggregate from the Effective Date to
any date of determination; (d) at the time of any such Permitted Asset Swap,
such Company shall have entered into one or more binding agreement or agreements
with non-affiliated Persons to acquire Cellular Assets having an aggregate fair
market value reasonably equivalent to the Cellular Assets to be exchanged by
such Company; (e) within 6 months of the execution of the binding agreements
referred to in clause (d), Borrower shall have delivered a certificate to
Administrative Agent stating that the Permitted Asset Swap has been consummated;
and (f) the acquisition of Cellular Assets pursuant to any Permitted Asset Swap
satisfies the requirements for a Permitted Acquisition.

     "Permitted Acquisition Compliance Certificate" means a certificate signed
by a Responsible Officer of Borrower, substantially in the form of Exhibit E-2.

     "Permitted Acquisition Loan Closing Certificate" means a certificate signed
by a Responsible Officer of Borrower, substantially in the form of Exhibit E-3.

     "Permitted Debt" means, (a) with respect to the Loan Parties (other than
Communications), Debt permitted under Section 9.12 as described in such Section;
and (b) with respect to Communications, Debt permitted under Section 9.30(a) as
described in such Section.

     "Permitted Liens" means, (a) with respect to the Loan Parties (other than
Communications), Liens permitted under Section 9.13 as described in such
Section; and (b) with respect to Communications, Liens permitted under Section
9.30(d) as described in such Section.

     "Person" means any individual, entity, or Governmental Authority.

     "Potential Default" means the occurrence of any event or existence of any
circumstance which, with the giving of notice or lapse of time or both, would
become a Default.

     "Preferred Stock" means, collectively the 12.25% Senior Exchangeable
Preferred Stock, the 13% Senior Exchangeable Preferred Stock and the Series F
Convertible Preferred Stock, in each case of Communications, and the documents
and agreements evidencing and establishing all such Preferred Stock, as the same
may be amended from time to time in accordance with the terms thereof and
hereof; and (iv) all renewals, extensions, amendments, modifications, and
refinancings of such Preferred Stock described in clauses (i) through (iii)
hereof, so long as (w) the principal amount of any refinanced Preferred Stock
shall not exceed the principal amount of the Preferred Stock being refinanced
immediately prior to giving effect to any such refinancing; (x) the terms of the
refinancing are no less favorable to Lenders or any Loan Party than the terms of
the Preferred Stock being refinanced; (y) the maturity date of the refinancing
is the same as or later than the maturity date of the Preferred Stock being
refinanced; and (z) all terms and conditions of the refinancing are acceptable
to Administrative Agent (in its sole discretion).

     "Pro Forma Debt Service" means, on any date of determination, calculated
for the Companies on a consolidated basis, the sum of (a) Pro Forma Interest
Expense determined as of such date of determination plus (b) principal payments
scheduled to be made on Total Debt for the twelve months following the date of
determination.

     "Pro Forma Interest Expense" means, on any date of determination with
respect to the most recently ended Rolling Period (the "Subject Period"),
calculated for the Companies on a consolidated basis, the sum of the results of
the following calculation made separately with respect to each Borrowing and
each other loan or other evidence of Total Debt of any Company (each a "Subject
Loan") for the purposes hereof):

                           {[A + B] /2} x C

          where:

          A    =    The aggregate outstanding principal Debt under the Subject
                    Loan at the beginning of the Subject Period.

          B    =    The aggregate outstanding principal Debt under the Subject
                    Loan, at the end of the Subject Period, taking into account
                    all scheduled principal payments and any required commitment
                    reductions within such Subject Period.

          C    =    With respect to the Subject Loan, the applicable interest
                    rate thereon determined as the rate in effect on the date of
                    determination.

     "Pro Rata" or "Pro Rata Part", for each Lender, means on any date of
determination (a) for purposes of sharing any amount or fee payable to any
Lender in respect of the Revolver Facility, the portion of the Revolver Principa
l Debt for the Revolver Facility owed to such Lender bears to the Revolver
Principal Debt under the Revolver Facility owed to all Lenders at the time in
question, and (b) for all other purposes, the proportion which the portion of
the Revolver Principal Debt owed to such Lender bears to the Revolver Principal
Debt owed to all Lenders at the time in question, or if no Revolver Principal
Debt is outstanding, then the proportion that the aggregate of such Lender's
Committed Sums then in effect under the Revolver Facility bears to the Total
Commitment then in effect.

     "PUC" means any state or local regulatory agency or governmental authority
that exercises jurisdiction over the rates or services or the ownership,
construction, or operation of network facilities or telecommunications systems
or over Persons who own, construct, or operate network facilities or
telecommunications systems.

     "Purchase Price" means, with respect to any Acquisition or Permitted Asset
Swap, all direct, indirect, and deferred cash and non-cash payments made to or
for the benefit of the Person being acquired (or whose assets are being
acquired), its shareholders, officers, directors, employees, or Affiliates in
connection with such Acquisition or Permitted Asset Swap, including, without
limitation, the amount of any Debt being assumed in connection with such
Acquisition or Permitted Asset Swap (and subject to the limitations on Permitted
Debt hereunder), seller financing, payments under non-competition or consulting
agreements entered into in connection with such Acquisition or Permitted Asset
Swap and similar agreements, all non-cash consideration and the value of any
stock, options, or warrants or other Rights to acquire stock issued as part of
the consideration in such transaction; provided that, for the purposes hereof,
(i) non-competition agreements and consulting agreements shall be valued at
their present value discounted over the term of such agreement at the Base Rate
in effect at the time of the Acquisition; and (ii) solely with respect to any
Permitted Asset Swap, the fair market value of the assets of the Companies
exchanged in connection with such Permitted Asset Swap shall be excluded from
the Purchase Price.

     "Reference Lender": means Deutsche Bank, New York Office.

     "Register" is defined in Section 13.13(c).

     "Regulation U" means Regulation U of the Board of Governors of the Federal
Reserve System, as amended.

     "Release" means any spilling, leaking, pumping, pouring, emitting,
emptying, discharging, injecting, escaping, leaching, dumping, disposal,
deposit, dispersal, migrating, or other movement into the air, ground, or
surface water, or soil.

     "Representatives" means representatives, officers, directors, employees,
attorneys, and agents.

     "Required Lenders" means (a) on any date of determination on and after the
Effective Date and prior to the Termination Date, those Lenders holding 50.1% or
more of the Revolver Commitment and (b) on any date of determination on or after
the Termination Date, those Lenders holding 50.1% or more of the Principal Debt.

     "Responsible Officer" means any "Officer" appointed pursuant to the
Operating Agreement of Borrower, including, without limitation, the General
Manager, any Assistant General Manager, or the Treasurer of Borrower, or, for
all purposes under the Loan Documents, any other officer designated from time to
time by the Board of Managers of Borrower, which designated officer is
acceptable to Administrative Agent.

     "Restricted Payments" means: (a) redemptions, repurchases, dividends, and
Distributions of any kind in respect of Borrower's or Communications' capital
stock (including without limitation any class of common or preferred shares);
(b) Partnership Distributions of any kind in respect of partnership interests of
any Loan Party that is a Cellular Partnership; and (c) payments of principal and
interest on, and any redemptions or repurchases of, Subordinated Debt.

     "Restricted Subsidiary" means, at any time of determination, (a) with
respect to Borrower, all Subsidiaries of Borrower, other than Unrestricted
Subsidiaries of Borrower; and (b) with respect to Communications, all
Subsidiaries of Communications, other than Unrestricted Subsidiaries of
Communications.

     "Revolver Commitment" means an amount (subject to reduction or cancellation
as herein provided) equal to $30,000,000.

     "Revolver Commitment Usage" means, at the time of any determination
thereof, the aggregate Revolver Principal Debt.

     "Revolver Facility" means the credit facility as described in and subject
to the limitations set forth in Section 2.1 hereof.

     "Revolver Lenders" means, on any date of determination, any Lender that has
a Committed Sum under the Revolver Facility.

     "Revolver Note" means a promissory note in substantially the form of
Exhibit A-1, and all renewals and extensions of all or any part thereof.

     "Revolver Principal Debt" means, on any date of determination, the
aggregate unpaid principal balance of all Borrowings under the Revolver
Facility.

     "Rights" means rights, remedies, powers, privileges, and benefits.

     "Rolling Period" means, on any date of determination, the most recent four
fiscal quarters ended on March 31, June 30, September 30, or December 31 (as the
case may be).

     "Schedule" means, unless specified otherwise, a schedule attached to this
Agreement, as the same may be supplemented and modified from time to time in
accordance with the terms of the Loan Documents.

     "Security Agreement" means (a) a Pledge, Assignment, and Security Agreement
in substantially the form and upon the terms of Exhibits D-1 or D-2 (as
applicable), executed by any Person pursuant to the requirements of the Loan
Documents; and (b) any amendments, modifications, supplements, restatements,
ratifications, or reaffirmations of any Pledge Agreement made in accordance with
the Loan Documents.

     "Significant Sale" means any sale, lease, transfer, or other disposition of
any property or assets (tangible or intangible, including, without limitation,
stock or equity interests in Subsidiaries) by any Company to any other Person
(other than any sale, lease, transfer or other disposition contemplated by
Sections 9.22 (a) through (f) or permitted by Section 9.23) with respect to
which the Net Cash Proceeds realized by any Company for such asset disposition
(or when aggregated with the Net Cash Proceeds from all such other asset
dispositions occurring in the same calendar year) equals or exceeds $10,000,000.

     "Single-Employer Plan" means an employee pension benefit plan covered by
Title IV of ERISA or subject to the minimum funding standards under Section 412
of the Code and established or maintained by any Loan Party, Restricted
Subsidiary thereof, or ERISA Affiliate of any Loan Party, but not including any
Multiemployer Plan.

     "Solvent" means, as to a Person, that (a) the aggregate fair market value
of such Person's assets exceeds its liabilities (whether contingent,
subordinated, unmatured, unliquidated, or otherwise), (b) such Person has
sufficient cash flow to enable it to pay its Debts as they mature, and (c) such
Person does not have unreasonably small capital to conduct such Person's
businesses.

     "Subordinated Debt" means any Debt of any Company subordinated to the
Obligation on terms (including, without limitation, subordination terms)
acceptable to Administrative Agent and its counsel.

     "Subsidiary" of any Person means (a) any entity of which an aggregate of
more than 50% (in number of votes) of the stock is owned of record or
beneficially, directly or indirectly, by such Person, or (b) any partnership
(limited or general) of which such Person shall at any time be the controlling
general partner determined in accordance with GAAP or own more than fifty
percent (50%) of the issued and outstanding partnership interests.

     "Supplemental Capital Expenditures" means, with respect to Permitted
Acquisitions, for any period of determination, the aggregate projected Capital
Expenditures reflected on the Supplemental Capital Expenditure Budgets delivered
in connection with such Permitted Acquisitions, so long as each such
Supplemental Capital Expenditure Budget has been approved by Administrative
Agent and the related Permitted Acquisition has been consummated.

     "Supplemental Capital Expenditures Budget" means, with respect to any
Permitted Acquisition, the budget detailing projected Capital Expenditures to
the latest Termination Date and delivered in connection with such Permitted
Acquisition pursuant to Section 7.2.

     "Sygnet Wireless Credit Agreement": means the credit agreement dated as of
December 22, 1998 (as amended, supplemented or otherwise modified from time to
time), among Sygnet Wireless, Inc., as borrower, Bank of America, N.A.(formerly
known as Nationsbank, N.A.), as administrative agent and the various lenders and
other agents party thereto.

     "System" means individually, and "Systems" means collectively, the Cellular
Systems and PCS Systems, now or hereafter owned, operated, or managed by the
Companies.

     "Tax Sharing Agreement" means that certain consolidated income tax payment
agreement dated February 28, 1997, entered into between Communications and its
Subsidiaries (as amended from time to time with the consent of Administrative
Agent).

     "Taxes" means, for any Person, taxes, assessments, or other governmental
charges or levies imposed upon such Person, its income, or any of its
properties, franchises, or assets.

     "Termination Date" means the earlier of (i) October 31, 2003 and (ii) the
closing of the credit facility contemplated by the commitment letter, dated as
of September 22, 2003, from Lehman Brothers Inc., LCPI, Bear Stearns & Co. Inc.,
BSCL, MSSF addressed to Communications and Dobson Cellular Systems.

     "Total Commitment" means, on any date of determination, the sum of all
Committed Sums then in effect for all Lenders in respect of the Revolver
Facility.

     "Total Debt" means (without duplication), as of any date of determination,
for the Companies determined on a consolidated basis, the sum of all obligations
for borrowed money, all payments required under non-compete agreements, capital
lease obligations, amounts required under installment sales purchases, all debt
or other financial obligations of others guaranteed by such Person, and any
amounts for which such Person is contingently liable to provide, as equity or
debt, advances to other Persons, any class or series of capital stock that by
its terms is required to be redeemed prior to its stated final redemption date
or otherwise requires cash dividend payments to be made prior to the final
redemption of such stock. With respect to the Companies, "Total Debt" shall
exclude any Subordinated Debt owed by any Company to Communications.

     "Triggering Event" means the occurrence of any Default, other than a
Default resulting from the breach of any representation or warranty set forth in
Section 8; provided, however, that any Default which results from Borrower's
failure to comply with the financial covenants in Section 9.29, and which
restricts dividends or distributions from Borrower to Communications, shall only
constitute a "Triggering Event" (a) with respect to the Preferred Stock
described in clause (i) of the definition of "Preferred Stock," to the extent of
pro forma non-compliance with the financial covenants on the terms referred to,
or incorporated, in the Existing Credit Agreement, notwithstanding any future
amendments or modifications of such provisions, (b) with respect to the
Preferred Stock described in clause (ii) of the definition of "Preferred Stock,"
to the extent of pro forma non-compliance with the financial covenants on the
terms referred to, or incorporated, in the Existing Credit Agreement,
notwithstanding any future amendments or modifications of such provisions, and
(c) with respect to the Preferred Stock described in clause (iii) of the
definition of "Preferred Stock," to the extent of pro forma non-compliance with
the financial covenants on the terms referred to, or incorporated, in the
Existing Credit Agreement.

     "Unrestricted Subsidiary" means, at any time of determination thereof, (a)
with respect to Borrower, (i) (until the repayment of all amounts under, and
termination of, the Sygnet Wireless Credit Agreement) Dobson/Sygnet
Communications Corporation and its Subsidiaries, (ii) any Foreign Subsidiary of
Borrower or any other Company, (iii) any Subsidiary of Borrower that is a
Cellular Partnership that is not Wholly-owned directly or indirectly by
Borrower, (iv) any other Subsidiary of Borrower designated from time to time as
an "Unrestricted Subsidiary" by Borrower's Board of Directors, so long as such
designation is approved by Required Lenders, and (v) any Subsidiary of an
Unrestricted Subsidiary of Borrower; and (b) with respect to Communications, (i)
American Cellular Corporation and its Subsidiaries, (ii) Dobson JV Company and
its Subsidiaries, (iii) DCC PCS, Inc., (iv) any Subsidiary of Communications
designated from time to time as an "Unrestricted Subsidiary" by Communications'
Board of Directors, and (v) any Subsidiary of an Unrestricted Subsidiary of
Communications; provided that, the Boards of Directors of Borrower and
Communications may make such designation of an "Unrestricted Subsidiary" only if
(A) immediately before and after giving pro forma effect to such designation, no
Default or Potential Default then exists or arises as a result thereof; (B) such
designated Unrestricted Subsidiary does not own any capital stock of Borrower,
Communications, or any Restricted Subsidiary of Borrower or Communications;
provided that, determinations to be made "immediately before" such designation
shall be made (and all calculations with respect to financial covenant
compliance shall be calculated) as of the Business Day immediately preceding the
proposed date of designation of the Unrestricted Subsidiary; (C) such designated
Unrestricted Subsidiary does not hold a Lien on any assets of Borrower,
Communications, or any Restricted Subsidiary of Borrower or Communications; (D)
after giving pro forma effect to such designation, any investment of Borrower or
any Restricted Subsidiary of Borrower in such Unrestricted Subsidiary would
constitute an investment permitted under Section 9.20; (E) neither Borrower,
Communications, nor any Restricted Subsidiary of Borrower or Communications
shall have issued any guaranty or credit support or be subject to any recourse
with respect to the obligations of the designated Unrestricted Subsidiary; (F)
on and after the date any such Subsidiary is designated as an Unrestricted
Subsidiary of Borrower, any Debt owed to such designated Unrestricted Subsidiary
by Borrower or any Restricted Subsidiary of Borrower shall be included in the
calculation of "Total Debt" and shall be incurred or maintained in compliance
with Sections 9.12 and 3.3(b)(i); and (G) Required Lenders shall have consented
to such designation in writing.

     "Voting Stock" means securities (as such term is defined in Section 2(1) of
the Securities Act of 1933, as amended) of any class or classes, the holders of
which are ordinarily, in the absence of contingencies, entitled to elect a
majority of the corporate directors (or Persons performing similar functions).

     "Wholly-Owned" when used in connection with any Subsidiary shall mean a
Subsidiary of which all of the issued and outstanding shares of stock (except
shares required as directors' qualifying shares) shall be owned by Borrower or
one or more of its Wholly-owned Subsidiaries.

     "Working Capital" means the sum of all current assets other than cash, LESS
the sum of all current liabilities other than the current portion of long term
Debt, all as determined in accordance with GAAP.

     1.2. Number and Gender of Words; Other References. Unless otherwise
specified in the Loan Documents, (a) where appropriate, the singular includes
the plural and vice versa, and words of any gender include each other gender,
(b) heading and caption references may not be construed in interpreting
provisions, (c) monetary references are to currency of the United States of
America, (d) section, paragraph, annex, schedule, exhibit, and similar
references are to the particular Loan Document in which they are used, (e)
references to "telecopy," "facsimile," "fax," or similar terms are to facsimile
or telecopy transmissions, (f) references to "including" mean including without
limiting the generality of any description preceding that word, (g) the rule of
construction that references to general items that follow references to specific
items are limited to the same type or character of those specific items is not
applicable in the Loan Documents, (h) references to any Person include that
Person's heirs, personal representatives, successors, trustees, receivers, and
permitted assigns, (i) references to any Law include every amendment or
supplement to it, rule and regulation adopted under it, and successor or
replacement for it, and (j) references to any Loan Document or other document
include every renewal and extension of it, amendment and supplement to it, and
replacement or substitution for it.

     1.3. Accounting Principles. All accounting and financial terms used in the
Loan Documents and the compliance with each financial covenant therein shall be
determined in accordance with GAAP, and, all accounting principles shall be
applied on a consistent basis so that the accounting principles in a current
period are comparable in all material respects to those applied during the
preceding comparable period. If Borrower or any Lender determines that a change
in GAAP from that in effect on the date hereof has altered the treatment of
certain financial data to its detriment under this Agreement, such party may, by
written notice to the others and Administrative Agent not later than ten (10)
days after the effective date of such change in GAAP, request renegotiation of
the financial covenants affected by such change. If the Borrower and Required
Lenders have not agreed on revised covenants within thirty (30) days after
delivery of such notice, then, for purposes of this Agreement, GAAP will mean
generally accepted accounting principles on the date just prior to the date on
which the change that gave rise to the renegotiation occurred.

                        Section 2. BORROWING PROVISIONS.

     2.1. Revolver Facility.

          (a) As of the Effective Date (i) all Borrowings (as defined in the
Existing Credit Agreement) under the Revolver Facility have been prepaid in full
and (ii) the Total Commitment under the Revolver Facility has been permanently
reduced, ratably among the Revolver Lenders, to $30,000,000, with the effect
that the Revolver Commitment of each Lender on and after the Effective Date is
in an amount equal to 10% of its Revolver Commitment immediately prior to the
Effective Date. After giving effect to the foregoing, the respective Committed
Sums of the Lenders are as stated next to their respective names on Schedule
2.1.

          (b) Each Revolver Lender severally, but not jointly, agrees to lend to
Borrower such Revolver Lender's Commitment Percentage of one or more Borrowings
under the Revolver Facility not to exceed such Revolver Lender's Committed Sum
under the Revolver Facility, which Borrowings may be repaid and reborrowed from
time to time in accordance with the terms and provisions of the Loan Documents;
provided that, (a) each such Borrowing must occur on a Business Day and no later
than the Business Day immediately preceding the Termination Date for the
Revolver Facility; (b) each such Borrowing shall be in an amount not less than
$3,000,000 or a greater integral multiple of $100,000; and (c) on any date of
determination, the Revolver Commitment Usage shall never exceed the Revolver
Commitment.

     2.2. Term Loan Facilities. On the Effective Date, the Borrowings (as
defined in the Existing Credit Agreement) under the Term A Loan Facility and the
Term B Loan Facility (each as defined in the Existing Credit Agreement) have
been paid in full and the Term Loan A Facility and the Term Loan B Facility have
been terminated.

     2.3. Terminations or Reductions of Commitments.

          (a) Voluntary Commitment Reduction. Without premium or penalty, and
upon giving not less than ten Business Days prior written and irrevocable notice
to Administrative Agent, Borrower may terminate in whole or in part the unused
portion of the Revolver Commitment; provided that: (i) each partial termination
of the Revolver Commitment shall be in an amount of not less than $5,000,000 or
a greater integral multiple of $1,000,000; (ii) on any date of determination,
the amount of the Revolver Commitment may not be reduced below the Revolver
Commitment Usage; and (iii) each reduction of the Total Commitment shall be
allocated ratably among the Lenders' Revolver Commitments. At the time of any
commitment termination under this Section 2.3, Borrower shall pay to
Administrative Agent, for the account of each Revolver Lender all accrued and
unpaid fees then due and payable under this Agreement and the interest
attributable to the amount of that reduction.

          (b) Mandatory Commitment Reductions and Termination. To the extent of
any payment or reduction of the Revolver Principal Debt pursuant to Section
3.10(b), then the Revolver Commitment shall be reduced by the amount of such
payment, and each Revolver Lender's Committed Sum under the Revolver Facility
shall be ratably reduced by such amount. To the extent not otherwise reduced or
terminated, the Revolver Commitment will terminate on the Termination Date.

          (c) Ratable Allocation of Revolver Commitment Reductions. Each
reduction of the Revolver Commitment under this Section 2.3 shall be allocated
among the Revolver Lenders in accordance with their respective Commitment
Percentages under the Revolver Facility.

     2.4. Borrowing Procedure. The following procedures apply to all Borrowings:

          (a) Borrowing Request. Borrower may request a Borrowing by making or
delivering a Borrowing Notice to Administrative Agent requesting that Lenders
fund a Borrowing on a certain date (the "Borrowing Date"), which Borrowing
Notice (i) shall be irrevocable and binding on Borrower, (ii) shall specify the
Facility or Facilities, (iii) shall specify the Borrowing Date and amount (iv)
must be received by Administrative Agent no later than 10:00 a.m. New York time
on the Business Day immediately preceding the Borrowing Date; and (v) and shall
state the purpose or purposes for which such Borrowing is being requested.
Administrative Agent shall timely notify each Lender with respect to each
Borrowing Notice.

          (b) Funding. Each Lender shall remit its Commitment Percentage of each
requested Borrowing to Administrative Agent's principal office in New York, New
York, in funds which are or will be available for immediate use by
Administrative Agent by 1:00 p.m. New York time on the applicable Borrowing
Date. Subject to receipt of such funds, Administrative Agent shall (unless to
its actual knowledge any of the conditions precedent therefor have not been
satisfied by Borrower or waived by the requisite Lenders under Section 13.11)
make such funds available to Borrower by causing such funds to be deposited to
Borrower's account as designated to Administrative Agent by Borrower.

          (c) Funding Assumed. Absent contrary written notice from a Lender,
Administrative Agent may assume that each Lender has made its Commitment
Percentage of the requested Borrowing available to Administrative Agent on the
applicable Borrowing Date, and Administrative Agent may, in reliance upon such
assumption (but shall not be required to), make available to Borrower a
corresponding amount. If a Lender fails to make its Commitment Percentage of any
requested Borrowing available to Administrative Agent on the applicable
Borrowing Date, Administrative Agent may recover the applicable amount on
demand, (i) from that Lender together with interest, commencing on the Borrowing
Date and ending on (but excluding) the date Administrative Agent recovers the
amount from that Lender, at an annual interest rate equal to the Federal Funds
Rate, or (ii) if that Lender fails to pay its amount upon demand, then from
Borrower. No Lender is responsible for the failure of any other Lender to make
its Commitment Percentage of any Borrowing available as required by Section
2.4(b); however, failure of any Lender to make its Commitment Percentage of any
Borrowing so available does not excuse any other Lender from making its
Commitment Percentage of any Borrowing so available.

                          Section 3. TERMS OF PAYMENT.

     3.1. Loan Accounts, Revolver Notes, and Payments.

          (a) Loan Accounts; Noteless Transaction. The Principal Debt owed to
each Lender shall be evidenced by one or more loan accounts or records
maintained by such Lender in the ordinary course of business. The loan accounts
or records maintained by Administrative Agent (including, without limitation,
the Register) and each Lender shall be prima facie evidence absent manifest
error of the amount of the Borrowings made by Borrower from each Lender under
this Agreement (and Revolving Facility) and the interest and principal payments
thereon. Any failure to so record or any error in doing so shall not, however,
limit or otherwise affect the obligation of Borrower under the Loan Documents to
pay any amount owing with respect to the Obligation.

          (b) Revolver Notes. Upon the request of any Lender, made through
Administrative Agent, the Principal Debt owed to such Lender may be evidenced by
one or more Revolver Notes. In such event, Borrower shall promptly prepare,
execute, and deliver to such Lender such Revolver Notes payable to the order of
such Lender.

          (c) Payment. All payments of principal, interest, and other amounts to
be made by Borrower under this Agreement and the other Loan Documents shall be
made to Administrative Agent at its principal office in New York, New York in
Dollars and in funds which are or will be available for immediate use by
Administrative Agent by 12:00 noon New York time on the day due, without setoff,
deduction, or counterclaim. Payments made after 12:00 noon, New York time shall
be deemed made on the Business Day next following. Administrative Agent shall
pay to each Lender any payment of principal, interest, or other amount to which
such Lender is entitled hereunder on the same day Administrative Agent shall
have received the same from Borrower; provided such payment is received by
Administrative Agent prior to 12:00 noon, New York time, and otherwise before
12:00 noon, New York time on the Business Day next following.

          (d) Payment Assumed. Unless Administrative Agent has received notice
from Borrower prior to the date on which any payment is due under this Agreement
that Borrower will not make that payment in full, Administrative Agent may
assume that Borrower has made the full payment due and Administrative Agent may,
in reliance upon that assumption, cause to be distributed to the appropriate
Lender on that date the amount then due to such Lenders. If and to the extent
Borrower does not make the full payment due to Administrative Agent, each Lender
shall repay to Administrative Agent on demand the amount distributed to that
Lender by Administrative Agent together with interest for each day from the date
that Lender received payment from Administrative Agent until the date that
Lender repays Administrative Agent (unless such repayment is made on the same
day as such distribution), at an annual interest rate equal to the Federal Funds
Rate.

     3.2. Interest and Principal Payments.

          (a) Interest. Accrued interest on each Base Rate Borrowing shall be
due and payable on each March 31, June 30, September 30, and December 31 and on
the Termination Date.

          (b) Revolver Principal Debt. The Revolver Principal Debt is due and
payable on the Termination Date for the Revolver Facility.

     3.3. Prepayments.

          (a) Optional Prepayments. Except as set forth herein, after giving
Administrative Agent advance written notice of the intent to prepay, Borrower
may voluntarily prepay all or any part of the Revolver Principal Debt from time
to time and at any time, in whole or in part, without premium or penalty;
provided that: (i) such notice must be received by Administrative Agent by 12:00
noon, New York time, one Business Day preceding the date of prepayment of any
Borrowing; and (ii) each such partial prepayment must be in a minimum amount of
at least $5,000,000 or a greater integral multiple of $1,000,000 thereof or such
lesser amount as may be outstanding under the Revolver Facility. Each notice of
prepayment shall specify the prepayment date and the amount(s) of such
Borrowing(s) to be prepaid and shall constitute a binding obligation of Borrower
to make a prepayment on the date stated therein, together with accrued and
unpaid interest to the date of such payment on the aggregate principal amount
prepaid. Any voluntary prepayment of the Revolver Principal Debt shall be
allocated Pro Rata to each Revolver Lender. Unless a Default or Potential
Default has occurred and is continuing (or would arise as a result thereof), any
payment or prepayment of the Revolver Principal Debt may be reborrowed by
Borrower, subject to the terms and conditions of the Loan Documents.

          (b) Mandatory Prepayments from Net Cash Proceeds. Until such time as
the Revolver Principal Debt has been repaid in full and the Revolver Commitment
terminated in full, the Revolver Principal Debt shall be permanently prepaid (or
the Revolver Commitment reduced to the extent required in this Section 3.3(b))
in the amounts and upon the occurrence of any of the following events:

               (i) Concurrently with any Debt Issuance (other than the New Bond
          Debt) by any Company, the Revolver Principal Debt shall be permanently
          prepaid (and the Revolver Commitment reduced to the extent required in
          this Section 3.3(b)), in the order and manner specified herein, by an
          amount equal to 100% of the Net Cash Proceeds realized by any Company
          from such Debt Issuance.

               (ii) If any portion of the Net Cash Proceeds realized by any
          Company from any Significant Sale or Permitted Asset Swap (including
          any deferred purchase price therefor and any Net Cash Proceeds of any
          asset disposition which constitutes a Significant Sale as a result of
          aggregation with other asset dispositions in the same calendar year)
          has not been reinvested in Cellular Assets of such Company within 10
          months from the receipt by any Company of such Net Cash Proceeds
          (including receipt of any deferred payments for any such Significant
          Sale or Permitted Asset Swap or portion thereof, if and when received)
          and if no Default or Potential Default exists or arises as a result of
          any such Significant Sale or Permitted Asset Swap, then on the day
          following the 10th month after receipt of such Net Cash Proceeds, the
          Principal Debt shall be permanently prepaid (and the Revolver
          Commitment reduced to the extent required in this Section 3.3(b)), in
          the order and manner specified herein, by an amount equal to 100% of
          all such Net Cash Proceeds not reinvested in Cellular Assets of such
          Company.

               (iii) Concurrently with any Equity Issuance by any Loan Party,
          the Revolver Principal Debt shall be permanently prepaid (and the
          Revolver Commitment reduced to the extent required in this Section
          3.3(b)) in the order and manner specified herein, by an amount equal
          to 75% of the Net Cash Proceeds realized by any Loan Party from such
          Equity Issuance; provided, however, that the following Net Cash
          Proceeds may be excluded from such mandatory prepayment or reduction:
          (A) the Net Cash Proceeds from the issuance of up to $200,000,000 of
          common stock of Communications and (B) any other Net Cash Proceeds
          from the issuance of the common stock of Communications issued after
          the initial public offering of Communications, so long as, such Net
          Cash Proceeds are distributed to Borrower and used by Borrower to make
          one or more Permitted Acquisitions within 30 days of the receipt of
          such Net Cash Proceeds.

               (iv) At any time a Default or Potential Default exists or arises
          after giving effect to any Equity Issuance, any Significant Sale, or
          Permitted Asset Swap, then, concurrently with such Equity Issuance,
          Significant Sale (including any asset disposition which constitutes a
          Significant Sale as a result of aggregation with other asset
          dispositions in the same calendar year), or Permitted Asset Swap, the
          Revolver Principal Debt shall be permanently prepaid and the Revolver
          Commitment reduced, in the order and manner specified in Section
          3.10(b), by an amount equal to 100% of the Net Cash Proceeds realized
          by such Company from any such Equity Issuance, Significant Sale, or
          Permitted Asset Swap.

               (v) If any Company is required to apply (or offer to apply) any
          Net Cash Proceeds from any sale of assets (even if such sale is not a
          Significant Sale) to repayment of any Debt (other than the Obligation)
          or to any mandatory redemption of the Preferred Stock or other equity
          interests, unless such Company pays or commits to pay all or a part of
          such Net Cash Proceeds to payment of the Revolver Principal Debt on or
          prior to a particular date, then at least fifteen (15) days prior to
          the date such repayment or offer of repayment is required to be made
          on such other Debt, such Company shall permanently prepay the Revolver
          Principal Debt in the order and manner specified herein by an amount
          equal to the amount that will excuse the Company from making such
          repayment or offer of repayment under such other Debt.

               (vi) Concurrently with the incurrence of the Subordinated Debt
          owed to Communications funded with all or a portion of the proceeds of
          the New Bond Debt, the Revolver Principal Debt shall be prepaid by an
          amount equal to 100% of the Net Cash Proceeds realized by any Company
          from such incurrence of Subordinated Debt. Such mandatory prepayment
          of Revolver Principal Debt shall reduce the Revolver Principal Debt
          (but not the Revolver Commitment unless a Default then exists or
          arises) and shall be applied ratably among the Revolver Lenders in
          proportion to the amount of their respective Revolver Principal Debt
          (in the case of a mandatory prepayment) or Committed Sums under the
          Revolver Facility (in the case of a mandatory commitment reduction).

               (vii) Concurrently with the prepayment or repayment of all or any
          portion of the DCCPCS Loan, the Revolver Principal Debt shall be
          prepaid by an amount equal to 100% of the amount received by any
          Company as a prepayment or repayment of the DCCPCS Loan. Such
          mandatory prepayment of Revolver Principal Debt shall reduce the
          Revolver Principal Debt (but not the Revolver Commitment unless a
          Default or Potential Default then exists or arises whereupon any
          prepayment or repayment shall be applied to the Revolver Principal
          Debt in accordance with Section 3.10(b)) and shall be applied ratably
          among the Revolver Lenders in proportion to the amount of their
          respective Revolver Principal Debt.

Each commitment reduction or prepayment under this Section 3.3(b) (other than
Section 3.3(b)(vi) and 3.3(b)(vii)) shall be applied (unless a Default or
Potential Default then exists or arises as a result therefrom (whereupon the
provisions of Section 3.10(b) shall apply)) as a mandatory prepayment of the
Revolver Principal Debt, or if the prepayment arises under Section 3.3(b)(ii) or
if a Default then exists or arises, as a mandatory reduction of the Revolver
Commitment. All mandatory prepayments of the Revolver Facility shall be
allocated Pro Rata to each Revolver Lender.

          (c) Mandatory Prepayments from Excess Cash Flow. No later than the
30th day following the date on which Borrower delivers the Financial Statements
required under Section 9.3(a) for fiscal year 2000 and each fiscal year
thereafter (but in any event within 120 days after the end of each fiscal year
of Borrower), the Revolver Principal Debt shall be permanently prepaid (and the
Revolver Commitment reduced to the extent required in this Section 3.3(c)) by an
amount equal to 50% of Excess Cash Flow for the fiscal year covered by such
Financial Statements, if the Leverage Ratio of the Companies as of the end of
such fiscal year is greater than 4.0:1.0. Unless a Default or Potential Default
then exists or arises as a result therefrom (whereupon the provisions of Section
3.10(b) shall apply), each reduction or prepayment under this Section 3.3(c)
from payments from Excess Cash Flow made in fiscal year 2003 and thereafter
shall be applied as a mandatory prepayment of the Revolver Principal Debt, or if
a Default then exists or arises, as a mandatory reduction of the Revolver
Commitment. All mandatory prepayments of the Revolver Facility shall be
allocated Pro Rata to each Revolver Lender. Amounts of Revolver Principal Debt
prepaid pursuant to this Section 3.3(c), shall not reduce the Revolver
Commitment unless a Default or Potential Default then exists or arises.

          (d) Revolver Facilities Mandatory Payments/Reductions. On any date of
determination if the Revolver Commitment Usage exceeds the Revolver Commitment
then in effect, then Borrower shall make a mandatory prepayment of the Revolver
Principal Debt in at least the amount of such excess, together with (x) all
accrued and unpaid interest on the principal amount so prepaid and (y) any
Consequential Loss arising as a result thereof.

          (e) Mandatory Prepayments of Interest/Consequential Loss. All
prepayments under Section 3.3 shall be made, together with accrued interest to
the date of such prepayment on the principal amount prepaid.

     3.4. Interest Options. Except as otherwise provided in this Agreement,
Borrowings bear interest at a rate per annum equal to the lesser of (a) the Base
Rate plus the Applicable Margin for Base Rate Borrowings for the Revolver
Facility and (b) the Maximum Rate. Each change in the Base Rate or the Maximum
Rate, subject to the terms of this Agreement, will become effective, without
notice to Borrower or any other Person, upon the effective date of such change.

     3.5. Quotation of Rates. It is hereby acknowledged that a Responsible
Officer or other appropriately designated officer of Borrower may call
Administrative Agent on or before the date on which a Borrowing Notice is to be
delivered by Borrower in order to receive an indication of the rates then in
effect, but such indicated rates shall neither be binding upon Administrative
Agent or Lenders nor affect the rate of interest which thereafter is actually in
effect when the Borrowing Notice is given or on the Borrowing Date.

     3.6. Default Rate. After the occurrence and during the continuance of a
Default, at the option of Required Lenders and to the extent permitted by Law,
the Obligation shall bear interest at the Default Rate; provided that, the
Default Rate shall automatically apply in the case of Sections 2.3(a) and 11.3
where the Default Rate is specified.

     3.7. Interest Recapture. If the designated rate applicable to any Borrowing
exceeds the Maximum Rate, the rate of interest on such Borrowing shall be
limited to the Maximum Rate, but any subsequent reductions in such designated
rate shall not reduce the rate of interest thereon below the Maximum Rate until
the total amount of interest accrued thereon equals the amount of interest which
would have accrued thereon if such designated rate had at all times been in
effect. In the event that at maturity (stated or by acceleration), or at final
payment of the Revolver Principal Debt, the total amount of interest paid or
accrued is less than the amount of interest which would have accrued if such
designated rates had at all times been in effect, then, at such time and to the
extent permitted by Law, Borrower shall pay an amount equal to the difference
between (a) the lesser of the amount of interest which would have accrued if
such designated rates had at all times been in effect and the amount of interest
which would have accrued if the Maximum Rate had at all times been in effect,
and (b) the amount of interest actually paid or accrued on the Principal Debt.

     3.8. Interest Calculations. Interest will be calculated on the basis of
actual number of days (including the first day but excluding the last day)
elapsed but computed as if each calendar year consisted of 365 or 366 days, as
the case may be, in the case of a Base Rate Borrowing. All interest rate
determinations and calculations by Administrative Agent are conclusive and
binding absent manifest error.

     3.9. Maximum Rate. Regardless of any provision contained in any Loan
Document, neither Administrative Agent nor any Lender shall ever be entitled to
contract for, charge, take, reserve, receive, or apply, as interest on all or
any part of the Obligation, any amount in excess of the Maximum Rate, and, if
Lenders ever do so, then such excess shall be deemed a partial prepayment of
principal and treated hereunder as such and any remaining excess shall be
refunded to Borrower. In determining if the interest paid or payable exceeds the
Maximum Rate, Borrower and Lenders shall, to the maximum extent permitted under
applicable Law, (a) treat all Borrowings as but a single extension of credit
(and Lenders and Borrower agree that such is the case and that provision herein
for multiple Borrowings is for convenience only), (b) characterize any
nonprincipal payment as an expense, fee, or premium rather than as interest, (c)
exclude voluntary prepayments and the effects thereof, and (d) amortize,
prorate, allocate, and spread the total amount of interest throughout the entire
contemplated term of the Obligation. However, if the Obligation is paid and
performed in full prior to the end of the full contemplated term thereof, and if
the interest received for the actual period of existence thereof exceeds the
Maximum Amount, Lenders shall refund such excess, and, in such event, Lenders
shall not, to the extent permitted by Law, be subject to any penalties provided
by any Laws for contracting for, charging, taking, reserving, or receiving
interest in excess of the Maximum Amount.

     3.10. Order of Application.

          (a) No Default. If no Default or Potential Default exists and if no
order of application is otherwise specified in Section 3.3 or otherwise in the
Loan Documents, payments and prepayments of the Obligation shall be applied
first to fees, second to accrued interest then due and payable on the Revolver
Principal Debt, and then to the remaining Obligation in the order and manner as
Borrower may direct.

          (b) Default. If a Default or Potential Default exists (or if Borrower
fails to give directions as permitted under Section 3.10(a)), any payment or
prepayment (including proceeds from the exercise of any Rights) shall be applied
to the Obligation in the following order: (i) to the ratable payment of all
fees, expenses, and indemnities for which the Administrative Agent or Lenders
have not been paid or reimbursed in accordance with the Loan Documents (as used
in this Section 3.10(b)(i), a "Ratable Payment" for any Lender or the
Administrative Agent shall be, on any date of determination, that proportion
which the portion of the total fees, expenses, and indemnities owed to such
Lender or the Administrative Agent bears to the total aggregate fees and
indemnities owed to all Lenders and the Administrative Agent on such date of
determination); (ii) to the ratable payment of accrued and unpaid interest on
the Principal Debt (as used in this Section 3.10(b)(ii), "Ratable Payment"
means, for any Lender, on any date of determination, that proportion which the
accrued and unpaid interest on the Principal Debt owed to such Lender bears to
the total accrued and unpaid interest on the Principal Debt owed to all
Lenders); and (iii) to the ratable payment of the Principal Debt (as used in
this Section 3.10(b)(iii), "Ratable Payment" means for any Lender, on any date
of determination, that proportion which the Principal Debt owed to such Lender
bears to the Principal Debt owed to all Lenders); and (v) to the payment of the
remaining Obligation in the order and manner Required Lenders deem appropriate.

Subject to the provisions of Section 12 and provided that Administrative Agent
shall not in any event be bound to inquire into or to determine the validity,
scope, or priority of any interest or entitlement of any Lender and may suspend
all payments or seek appropriate relief (including, without limitation,
instructions from Required Lenders or an action in the nature of interpleader)
in the event of any doubt or dispute as to any apportionment or distribution
contemplated hereby, Administrative Agent shall promptly distribute such amounts
to each Lender in accordance with the Agreement and the related Loan Documents.

     3.11. Sharing of Payments, Etc. If any Lender shall obtain any payment or
prepayment with respect to the Obligation (whether voluntary, involuntary, or
otherwise, including, without limitation, as a result of exercising its Rights
under Section 3.12) which is in excess of its share of any such payment in
accordance with the relevant Rights of the Lenders under the Loan Documents,
then such Lender shall purchase from the other Lenders such participations as
shall be necessary to cause such purchasing Lender to share the excess payment
with each other Lender in accordance with the relevant Rights under the Loan
Documents. If all or any portion of such excess payment is subsequently
recovered from such purchasing Lender, then the purchase shall be rescinded and
the purchase price restored to the extent of such recovery. Borrower agrees that
any Lender purchasing a participation from another Lender pursuant to this
Section may, to the fullest extent permitted by Law, exercise all of its Rights
of payment (including the Right of offset) with respect to such participation as
fully as if such Lender were the direct creditor of Borrower in the amount of
such participation.

     3.12. Offset. If a Default exists, each Lender shall be entitled to
exercise (for the benefit of all Lenders in accordance with Section 3.11) the
Rights of offset and/or banker's Lien against each and every account and other
property, or any interest therein, which any Loan Party may now or hereafter
have with, or which is now or hereafter in the possession of, such Lender to the
extent of the full amount of the Obligation.

     3.13. Booking Borrowings. To the extent permitted by Law, any Lender may
make, carry, or transfer its Borrowings at, to, or for the account of any of its
branch offices or the office of any of its Affiliates; provided that, no
Affiliate shall be entitled to receive any greater payment under Section 4 than
the transferor Lender would have been entitled to receive with respect to such
Borrowings.

                      Section 4. CHANGE IN CIRCUMSTANCES.

     4.1. Increased Cost and Reduced Return.

          (a) Changes in Law. If, after the date hereof, the adoption of any
applicable Law or any change in any applicable Law or any change in the
interpretation or administration thereof by any Governmental Authority, or
compliance by any Lender (or its Applicable Lending Office) with any request or
directive (whether or not having the force of law) of any such Governmental
Authority:

               (i) shall subject such Lender (or its Applicable Lending Office)
          to any Tax or other charge or change the basis of taxation of any
          amounts payable to such Lender (or its Applicable Lending Office)
          under the Loan Documents in respect of any Borrowings (other than
          Taxes imposed on the overall net income of such Lender by the
          jurisdiction in which such Lender has its principal office or such
          Applicable Lending Office);

               (ii) shall impose, modify, or deem applicable any reserve,
          special deposit, assessment, or similar requirement relating to any
          extensions of credit or other assets of, or any deposits with or other
          liabilities or commitments of, such Lender (or its Applicable Lending
          Office), including the commitment of such Lender hereunder; or

               (iii) shall impose on such Lender (or its Applicable Lending
          Office) or the London interbank market any other condition affecting
          the Loan Documents or any of such extensions of credit or liabilities
          or commitments;

and the result of any of the foregoing is to increase the cost to such Lender
(or its Applicable Lending Office) of making, converting into, continuing, or
maintaining any Borrowings or to reduce any sum received or receivable by such
Lender (or its Applicable Lending Office) under the Loan Documents with respect
to any Borrowing, then Borrower shall pay to such Lender on demand such amount
or amounts as will compensate such Lender for such increased cost or reduction.
If any Lender requests compensation by Borrower under this Section 4.1(a),
Borrower may, by notice to such Lender (with a copy to Administrative Agent),
suspend the obligation of such Lender to loan or continue Borrowings with
respect to which such compensation is requested until the event or condition
giving rise to such request ceases to be in effect; provided, that such
suspension shall not affect the Right of such Lender to receive the compensation
so requested.

          (b) Capital Adequacy. If, after the date hereof, any Lender shall have
determined that the adoption of any applicable Law regarding capital adequacy or
any change therein or in the interpretation or administration thereof by any
Governmental Authority charged with the interpretation or administration
thereof, or any request or directive regarding capital adequacy (whether or not
having the force of law) of any such Governmental Authority has or would have
the effect of reducing the rate of return on the capital of such Lender or any
corporation controlling such Lender as a consequence of such Lender's
obligations hereunder to a level below that which such Lender or such
corporation could have achieved but for such adoption, change, request, or
directive (taking into consideration its policies with respect to capital
adequacy), then from time to time upon demand Borrower shall pay to such Lender
such additional amount or amounts as will compensate such Lender for such
reduction.

          (c) Changes in Applicable Lending Office. Compensation Statement. Each
Lender shall promptly notify Borrower and Administrative Agent of any event of
which it has knowledge, occurring after the date hereof, which will entitle such
Lender to compensation pursuant to this Section and will designate a different
Applicable Lending Office if such designation will avoid the need for, or reduce
the amount of, such compensation and will not, in the judgment of such Lender,
be otherwise disadvantageous to it. Any Lender claiming compensation under this
Section shall furnish to Borrower and Administrative Agent a statement setting
forth the additional amount or amounts to be paid to it hereunder which shall be
conclusive in the absence of manifest error. In determining such amount, such
Lender may use any reasonable averaging and attribution methods.

     4.2. Illegality. Notwithstanding any other provision of the Loan Documents,
in the event that it becomes unlawful for any Lender or its Applicable Lending
Office to make, maintain, or fund Borrowings hereunder, then such Lender shall
promptly notify Borrower thereof and such Lender's obligation to make or
continue Borrowings shall be suspended until such time as such Lender may again
make, maintain, and fund Borrowings.

     4.3. Taxes.

          (a) General. Any and all payments by Borrower to or for the account of
any Lender or Administrative Agent hereunder or under any other Loan Document
shall be made free and clear of and without deduction for any and all present or
future Taxes, excluding, in the case of each Lender and Administrative Agent,
Taxes imposed on its income and franchise Taxes imposed on it by the
jurisdiction under the laws of which such Lender (or its Applicable Lending
Office) or Administrative Agent (as the case may be) is organized, or any
political subdivision thereof. If Borrower shall be required by law to deduct
any Taxes from or in respect of any sum payable under any Loan Document to any
Lender or Administrative Agent, (i) the sum payable shall be increased as
necessary so that after making all required deductions (including deductions
applicable to additional sums payable under this Section 4.3) such Lender or
Administrative Agent receives an amount equal to the sum it would have received
had no such deductions been made, (ii) Borrower shall make such deductions,
(iii) Borrower shall pay the full amount deducted to the relevant taxation
authority or other authority in accordance with applicable law, and (iv)
Borrower shall furnish to Administrative Agent, at its address listed in
Schedule 2.1, the original or a certified copy of a receipt evidencing payment
thereof.

          (b) Stamp and Documentary Taxes. In addition, Borrower agrees to pay
any and all present or future stamp or documentary taxes and any other excise or
property taxes or charges or similar levies which arise from any payment made
under any Loan Document or from the execution or delivery of, or otherwise with
respect to, any Loan Document (hereinafter referred to as "OTHER TAXES").

          (c) Indemnification for Taxes. Borrower agrees to indemnify each
Lender and Administrative Agent for the full amount of Taxes and Other Taxes
(including, without limitation, any Taxes or Other Taxes imposed or asserted by
any jurisdiction on amounts payable under this Section 4.3) paid by such Lender
or Administrative Agent (as the case may be) and any liability (including
penalties, interest, and expenses) arising therefrom or with respect thereto.

          (d) Withholding Tax Forms. Each Lender organized under the Laws of a
jurisdiction outside the United States, on or prior to the Effective Date in the
case of each Lender listed on the signature pages hereof and on or prior to the
date on which it becomes a Lender in the case of each other Lender, and from
time to time thereafter if requested in writing by Borrower or Administrative
Agent (but only so long as such Lender remains lawfully able to do so), shall
provide Borrower and Administrative Agent with (i) if such Lender is a "BANK"
within the meaning of Section 881(c)(3)(A) of the Code, Internal Revenue Service
Form 1001 or 4224, as appropriate, or any successor form prescribed by the
Internal Revenue Service, certifying that such Lender is entitled to benefits
under an income tax treaty to which the United States is a party which reduces
the rate of withholding tax on payments of interest or certifying that the
income receivable pursuant to the Loan Documents is effectively connected with
the conduct of a trade or business in the United States, or (ii) if such Lender
is not a "BANK" within the meaning of Section 881(c)(3)(A) of the Code and
intends to claim an exemption from United States withholding tax under Section
871(h) or 881(c) of the Code with respect to payments of "Portfolio Interest," a
Form W-8, or any successor form prescribed by the Internal Revenue Service, and
a certificate representing that such Lender is not a bank for purposes of
Section 881(c) of the Code, is not a 10- percent shareholder (within the meaning
of Section 871(h)(3)(B) of the Code) of Borrower, and is not a controlled
foreign corporation related to Borrower (within the meaning of Section 864(d)(4)
of the Code). Each Lender which so delivers a W-8, Form 1001, or 4224 further
undertakes to deliver to Borrower and Administrative Agent additional forms (or
a successor form) on or before the date such form expires or becomes obsolete or
after the occurrence of any event requiring a change in the most recent form so
delivered by it, in each case certifying that such Lender is entitled to receive
payments from Borrower under any Loan Document without deduction or withholding
(or at a reduced rate of deduction or withholding) of any United States federal
income taxes, unless an event (including without limitation any change in
treaty, law, or regulation) has occurred prior to the date on which any such
delivery would otherwise be required which renders all such forms inapplicable
or which would prevent such Lender from duly completing and delivering any such
form with respect to it, and such Lender advises Borrower and Administrative
Agent that it is not capable of receiving such payments without any deduction or
withholding of United States federal income tax.

          (e) Failure to Provide Withholding Forms; Changes in Tax Laws. For any
period with respect to which a Lender has failed to provide Borrower and
Administrative Agent with the appropriate form pursuant to Section 4.3(d)
(unless such failure is due to a change in Law occurring subsequent to the date
on which a form originally was required to be provided), such Lender shall not
be entitled to indemnification under Section 4.3(a) or 4.3(b) with respect to
Taxes imposed by the United States; provided, however, that should a Lender,
which is otherwise exempt from or subject to a reduced rate of withholding tax,
become subject to Taxes because of its failure to deliver a form required
hereunder, Borrower shall take such steps as such Lender shall reasonably
request to assist such Lender to recover such Taxes.

          (f) Changes in Applicable Lending Office. If Borrower is required to
pay or will be required to pay additional amounts to or for the account of any
Lender pursuant to this Section 4.3, then such Lender will agree to use
reasonable efforts to change the jurisdiction of its Applicable Lending Office
so as to eliminate or reduce any such additional payment which may thereafter
accrue if such change, in the judgment of such Lender, is not otherwise
disadvantageous to such Lender.

          (g) Tax Payment Receipt. Within thirty (30) days after the date of any
payment of Taxes, Borrower shall furnish to Administrative Agent the original or
a certified copy of a receipt evidencing such payment.

          (h) Survival. Without prejudice to the survival of any other agreement
of Borrower hereunder, the agreements and obligations of Borrower contained in
this Section 4.3 shall survive the termination of the Total Commitment and the
payment in full of the Obligation.

                                Section 5. FEES.

                             [INTENTIONALLY DELETED]

                        Section 6. SECURITY; GUARANTIES.

     6.1. Guaranties. As an inducement to the Administrative Agent and Lenders
to enter into this Agreement, Borrower shall cause Communications, each Company
that is a Domestic Subsidiary of Borrower to execute and deliver to
Administrative Agent a Guaranty substantially in the form and upon the terms of
Exhibit C, providing for the guaranty of payment and performance of the
Obligation. In addition, promptly after the designation, formation, or
Acquisition of any new Company that is (or becomes) a Domestic Subsidiary of
Borrower, Borrower shall cause such new Company to execute and deliver to
Administrative Agent a Guaranty substantially in the form and upon the terms of
Exhibit C, providing for the guaranty of payment and performance of the
Obligation.

     6.2. Collateral.

          (a) Communications Collateral. To secure the full and complete payment
and performance of the Obligation, Borrower shall cause Communications and each
Subsidiary of Communications which owns any equity interest in Borrower (if
any), to enter into Collateral Documents pursuant to which, among other things,
each such entity grants, pledges, assigns, and creates first priority Liens in
favor of Administrative Agent (for the ratable benefit of Lenders) in 100% of
the issued and outstanding stock, equity, or other investment securities of
Borrower owned by such entity.

          (b) Companies Collateral. To secure the full and complete payment and
performance of the Obligation, Borrower shall (and shall cause each Restricted
Subsidiary of Borrower to) enter into Collateral Documents (in form and
substance acceptable to Administrative Agent) pursuant to which, among other
things, each such entity shall, to the extent permitted by applicable Law,
grant, pledge, assign, and create first priority Liens (except to the extent
Permitted Liens affect such priority) in favor of Administrative Agent (for the
ratable benefit of Lenders) in and to: (i) 100% of each such entity's Rights,
titles, and interests in the issued and outstanding stock, equity, or other
investment securities of each Domestic Subsidiary of such entity (excluding any
stock, equity, or other investment securities issued by any Unrestricted
Subsidiary of any Company to the extent not covered in clauses (ii) and (iii)
below); (ii) 65% of each such entity's Rights, titles, and interests in the
issued and outstanding stock, equity, or other investment securities of each
directly-owned Foreign Subsidiary of any Company; and (iii) all other assets
(tangible, intangible, real, or personal) of such entity, including without
limitation, 100% of each such entity's Rights, titles, and interests in Cellular
Partnerships.

     6.3. Existing Collateral Documents. With respect to the Collateral
Documents executed and delivered pursuant to the Existing Credit Agreement (as
amended through the date hereof, the "Existing Collateral Documents"), Borrower,
each Guarantor, and each partner of a Cellular Partnership executing any such
Existing Collateral Document (by execution of Guaranties or other Collateral
Documents required under this Agreement) (i) agree that the execution and
delivery of the Loan Documents shall in no way release, diminish, impair,
reduce, or otherwise affect the liens and security interests created by the
Existing Collateral Documents, (ii) acknowledges and confirms the continuing
existence and effectiveness of the Existing Collateral Document (except with
respect to the release of Liens contemplated by Section 6.5(a)), and (iii)
agrees that the "Obligation" and "Guaranteed Debt" secured or assured by the
Existing Collateral Documents shall include the Obligation under the Loan
Documents.

     6.4. Future Liens. Other than as permitted in Section 6.6, promptly after
(a) the acquisition of any material assets (real, personal, tangible, or
intangible) by Borrower, any Company that is a Domestic Subsidiary of Borrower,
(b) the removal, termination, or expiration of any prohibitions upon the
granting of a Lien in any asset (real, personal, tangible, or intangible) of
Borrower, any Company that is a Domestic Subsidiary of Borrower, or (c) upon the
designation, formation, or Acquisition of any new Subsidiary of any Company (the
assets described in clauses (a) through (c) hereof are referred to herein as the
"Additional Assets"), Borrower shall (or shall cause the appropriate Company to)
execute and deliver to Administrative Agent all further instruments and
documents (including, without limitation, Collateral Documents and all
certificates and instruments representing shares of stock or evidencing Debt and
any realty appraisals as Administrative Agent may require with respect to any
such Additional Assets), and shall take all further action that may be necessary
or desirable, or that Administrative Agent may reasonably request, to grant,
perfect, and protect Liens in favor of Administrative Agent for the benefit of
Lenders in such Additional Assets, as security for the Obligation to the extent
Liens are required in such assets pursuant to Section 6.2; it being expressly
understood that the granting of such additional security for the Obligation is a
material inducement to the execution and delivery of this Agreement by each
Lender. Upon satisfying the terms and conditions hereof, such Additional Assets
shall be included in the "Collateral" for all purposes under the Loan Documents,
and all references to the "Collateral" in the Loan Documents shall include the
Additional Assets.

     6.5. Release of Collateral.

          (a) Non-Loan Parties. On the Effective Date, Administrative Agent
shall (and is hereby irrevocably authorized by the Lenders to) execute such
documents as may be necessary to evidence the release of guaranties executed,
and Liens granted, pursuant to the Existing Collateral Documents by any entities
that are no longer required to guaranty or secure the Obligation pursuant to the
Loan Documents.

          (b) Upon Sale or Disposition of Collateral. Upon any sale, transfer,
or disposition of Collateral which is expressly permitted pursuant to the Loan
Documents (or is otherwise authorized by Required Lenders or Lenders, as the
case may be) and upon ten (10) Business Days' (or such lesser time period agreed
to by Administrative Agent in its sole discretion) prior written request by
Borrower (which request must be accompanied by true and correct copies of (i)
all documents of transfer or disposition, including any contract of sale, (ii) a
preliminary closing statement and instructions to the title company, if any, and
(iii) all requested release instruments), Administrative Agent shall (and is
hereby irrevocably authorized by the Lenders to) execute such documents as may
be necessary to evidence the release of Liens granted to Administrative Agent
for the benefit of Lenders pursuant hereto in such Collateral.

          (c) Cellular Partnership Obligor Guaranties and Collateral. With
respect to Guaranties executed by, and Liens on the assets of, any Cellular
Partnership Obligor (as defined in the Existing Credit Agreement), such
Guaranties and Liens (as well as any Guaranties of, or Liens on partnership
interests therein pledged by, Persons other than any Company) shall be released
in the event all intercompany Debt owed by such Cellular Partnership Obligors to
the Companies has been paid in full and all commitments to lend have terminated;
provided, further however, that from the date of such repayment until the
Obligation has been paid in full and the Total Commitment has been terminated,
no Company may, directly or through a Subsidiary, advance funds to any such
Cellular Partnership. In regard to repayment of such intercompany Debt,
Administrative Agent is hereby authorized by Lenders to execute and deliver such
releases of Cellular Partnership Obligors upon ten (10) Business Days prior
written request by Borrower supported by evidence that such intercompany Debt
has been terminated and repaid in full and accompanied by appropriate release
instruments, which must be in form and substance satisfactory to Administrative
Agent.

          (d) Vendor Financing. To the extent any Company incurs Debt permitted
by Section 9.12(i) that is secured by Liens permitted by Section 9.13(b)(vii),
Administrative Agent is hereby authorized by Lenders to execute and deliver such
releases or subordination of Liens on the Collateral so financed upon ten (10)
Business Days prior written request by Borrower supported by evidence that such
Debt and Liens are permitted by the terms of this Agreement and accompanied by
appropriate release or subordination instruments, which must be in form and
substance satisfactory to Administrative Agent.

          (e) General Provisions. The actions of Administrative Agent under this
Section 6.5 are subject to the following: (i) no such release of Liens or
Guaranties shall be granted if any Default or Potential Default has occurred and
is continuing, including, without limitation, the failure to make certain
mandatory prepayments in accordance with Section 3.3(b) in conjunction with the
sale or transfer of such Collateral; (ii) Administrative Agent shall not be
required to execute any such document on terms which, in Administrative Agent's
opinion, would expose Administrative Agent to liability or create any obligation
or entail any consequence other than the release of such Liens without recourse
or warranty; and (iii) such release shall not in any manner discharge, affect,
or impair the Obligation or Liens upon (or obligations of any Company in respect
of) all interests retained by the Companies, including, without limitation, the
proceeds of any sale, all of which shall continue to constitute Collateral.

     6.6. Negative Pledge. Notwithstanding the provisions of Sections 6.2 or 6.4
hereof, until such time as Administrative Agent or Required Lenders otherwise
require, the Companies shall not be required to (i) perfect Liens on certain
assets constituting interests in third party leases for retail stores, vehicles,
fixtures, cellular transmission towers, real estate, assets located in foreign
jurisdictions, or stock or equity interests in Subsidiaries of Foreign
Subsidiaries of the Companies (other than Liens on such assets arising under the
Existing Collateral Documents) or (ii) grant specific assignments of easements,
licenses, permits, certificates of compliance, and certificates of approval
issued by regulatory authorities, franchises, or like grants of authority or
service agreements. To the extent contemplated by the first sentence of this
Section 6.6 or to the extent Administrative Agent and Required Lenders otherwise
agree to delay the perfection or attachment of any Lien contemplated by Sections
6.2 or 6.4 hereof, for whatever reason, the Companies hereby covenant and agree
not to directly create, incur, grant, suffer, or permit to be created or
incurred any Lien on any such assets, other than Permitted Liens. Furthermore,
within thirty (30) days of the request of Administrative Agent, Borrower shall
(or shall cause each Company to) execute and deliver to Administrative Agent all
instruments and documents (including, without limitation, certificates and
instruments and documents representing shares of stock or evidencing Debt) and
shall take all further action that may be necessary or desirable, or that
Administrative Agent may reasonably request, to grant, perfect, and protect
Liens in favor of Administrative Agent for the benefit of Lenders, in such
assets, as security for the Obligation; it being expressly understood that the
provisions of this negative pledge are a material inducement to the execution
and delivery of this Agreement by each Lender. In addition, Communications
hereby covenants and agrees not to directly create, incur, grant, suffer, or
permit to be created or incurred any Lien on any of its assets or any assets of
its Restricted Subsidiaries, other than Permitted Liens.

     6.7. Control; Limitation of Rights. Notwithstanding anything herein or in
any other Loan Document to the contrary, (a) the transactions contemplated
hereby (i) do not and will not constitute, create, or have the effect of
constituting or creating, directly or indirectly, actual or practical ownership
of Borrower, its Subsidiaries, or any other Loan Party by the Administrative
Agent or Lenders, or control, affirmative or negative, direct or indirect, by
the Administrative Agent or Lenders over the management or any other aspect of
the operation of Borrower, its Subsidiaries, or any other Loan Party, which
ownership or control remains exclusively and at all times in the Loan Parties,
and (ii) do not and will not constitute the transfer, assignment, or disposition
in any manner, voluntary or involuntary, directly or indirectly, of any
Authorization at any time issued by the FCC or any PUC to Borrower, its
Subsidiaries, or any other Loan Party, or the transfer of control of Borrower,
its Subsidiaries, or any other Loan Party within the meaning of Section 310(d)
of the Communications Act of 1934, as amended; and (b) Administrative Agent
shall not, without first obtaining the approval of the FCC or any applicable
PUC, take any action pursuant to any Loan Document that would constitute or
result in any assignment of any Authorization or any change of control of
Borrower, its Subsidiaries, or any other Loan Party, if such assignment or
change of control would require, under then existing Law (including the written
rules and regulations promulgated by the FCC or any such PUC), the prior
approval of the FCC or any such PUC.

                        Section 7. CONDITIONS PRECEDENT.

     7.1. Conditions Precedent to Effectiveness. This Agreement shall not become
effective unless Administrative Agent has received all of the agreements,
documents and instruments, and each other condition has been satisfied, as
described on Schedule 7.1.

     7.2. Conditions Precedent to an Acquisition. On or prior to the
consummation of any Acquisition (whether or not the Purchase Price for such
Acquisition is funded by Borrowings), Borrower shall have satisfied the
conditions and delivered, or caused to be delivered, to Administrative Agent,
all documents and certificates set forth on Schedule 7.2 by no later than the
dates specified for satisfaction of such conditions on Schedule 7.2; Promptly
upon receipt of each Permitted Acquisition Compliance Certificate and each
Permitted Acquisition Loan Closing Certificate, Administrative Agent shall
provide copies of such certificates to Lenders. All documentation delivered and
satisfaction of conditions pursuant to the requirements of Section 7.2 must be
satisfactory to Administrative Agent. To the extent any Borrowing is being
requested in connection with the consummation of the Acquisition, the conditions
set forth in Sections 7.2 and 7.3 hereof must be satisfied prior to the making
of any such Borrowing.

     7.3. (a) Conditions Precedent to Initial Borrowing. No Lender shall be
obligated to advance the initial Borrowing on or after the Effective Date unless
Administrative Agent has received all of the agreements, documents and
instruments, and each other condition has been satisfied, as described on
Schedule 7.3(a).

          (b) Conditions Precedent to each Borrowing. In addition to the
conditions stated in Sections 7.1, Section 7.2 (as applicable) and 7.3(a),
Lenders will not be obligated to fund any Borrowing unless on the date of such
Borrowing (and after giving effect thereto), as the case may be: (i)
Administrative Agent shall have timely received therefor a Borrowing Notice;
(ii) all of the representations and warranties of any Loan Party set forth in
the Loan Documents are true and correct in all material respects (except to the
extent that (x) the representations and warranties speak to a specific date or
(y) the facts on which such representations and warranties are based have been
changed by transactions permitted by the Loan Documents); (iii) no change in the
financial condition or business of Communications and its Restricted
Subsidiaries, any Company, or any other Guarantor which could reasonably be
expected to be a Material Adverse Event shall have occurred; (iv) no Default or
Potential Default shall have occurred and be continuing; (v) the funding of such
Borrowings is permitted by Law; (vi) in the event all or any part of the
proceeds of the Borrowing will be used to finance a Distribution to the extent
permitted by Section 9.20, Administrative Agent shall have received all such
certifications, financial information, and projections as Administrative Agent
may reasonably request; (vii) Administrative Agent shall have received, as
requested, evidence that the Debt to be incurred as a result of such Borrowing
has been incurred or entered into in compliance with the requirements of the
Communications Bond Debt, any Exchange Debenture Indenture, and the Certificates
of Designation for the Preferred Stock; (viii) the Borrower shall have satisfied
such additional conditions precedent as the Administrative Agent or the Required
Lenders may require and (ix) all matters related to such Borrowing must be
satisfactory to Required Lenders and their respective counsel in their
reasonable determination, and upon the reasonable request of Administrative
Agent, Borrower shall deliver to Administrative Agent evidence substantiating
any of the matters in the Loan Documents which are necessary to enable Borrower
to qualify for such Borrowing. Each Borrowing Notice delivered to Administrative
Agent shall constitute the representation and warranty by Borrower to
Administrative Agent that, as of the Borrowing Date the statements above are
true and correct in all respects. Each condition precedent in this Agreement is
material to the transactions contemplated in this Agreement, and time is of the
essence in respect of each thereof.

                   Section 8. REPRESENTATIONS AND WARRANTIES.

     Each Loan Party represents and warrants to Administrative Agent and Lenders
as follows:

     8.1. Purpose of Credit Facility. Borrower will use (or will invest in or
loan such proceeds to its Restricted Subsidiaries to so use) all proceeds of
Borrowings for one or more of the following: (a) for working capital of Borrower
and its Restricted Subsidiaries and (b) for general corporate purposes. No Loan
Party is engaged principally, or as one of its important activities, in the
business of extending credit for the purpose of purchasing or carrying any
"Margin Stock" within the meaning of Regulation U. No part of the proceeds of
any Borrowing will be used, directly or indirectly, for a purpose which violates
any Law, including, without limitation, the provisions of Regulations T, U, or X
(as enacted by the Board of Governors of the Federal Reserve System, as
amended).

     8.2. Existence, Good Standing, Authority, and Authorizations. Each Loan
Party and each Subsidiary thereof is duly organized, validly existing, and in
good standing under the Laws of its jurisdiction of organization (such
jurisdictions being identified on Schedule 8.3, as supplemented and modified in
writing from time to time to reflect any changes to such Schedule as a result of
transactions permitted by the Loan Documents). Except where the failure to do so
could not reasonably be expected to constitute a Material Adverse Event, each
Loan Party and each Subsidiary thereof is duly qualified to transact business
and is in good standing in each jurisdiction where the nature and extent of its
business and properties require the same. Each Loan Party possesses all
Authorizations, franchises, permits, licenses, certificates of compliance, and
approvals and grants of authority necessary, including, without limitation, any
Authorization issued by the FCC, all of which are described on Schedule 8.2
hereto, necessary or required in the conduct of its respective business(es), and
the same are valid, binding, enforceable, and subsisting without any defaults
thereunder or enforceable adverse limitations thereon and are not subject to any
proceedings or claims opposing the issuance, development, or use thereof or
contesting the validity thereof. No authorization, consent, approval, waiver,
license, or formal exemptions from, nor any filing, declaration, or registration
with, any Governmental Authority (federal, state, or local), non-governmental
entity, or Person under the terms of contracts or otherwise, is required by
reason of or in connection with the execution and performance of the Loan
Documents by the Loan Parties and each Subsidiary thereof.

     8.3. Subsidiaries; Capital Stock. The Loan Parties have no Subsidiaries
except as disclosed on Schedule 8.3 (as supplemented and modified in writing
from time to time to reflect any changes to such Schedule as a result of
transactions permitted by the Loan Documents). All of the outstanding shares of
capital stock (or similar voting interests) of each Loan Party and each
Subsidiary thereof are duly authorized, validly issued, fully paid, and
nonassessable and are owned of record and beneficially as set forth on Schedule
8.3 (as supplemented and modified in writing from time to time to reflect any
changes to such Schedule as a result of transactions permitted by the Loan
Documents), free and clear of any Liens, restrictions, claims, or Rights of
another Person, other than Permitted Liens, and none of such shares owned by any
Loan Party is subject to any restriction on transfer thereof except for
restrictions imposed by applicable securities Laws and general corporate Laws.
No Loan Party or any Subsidiary thereof has outstanding any warrant, option, or
other Right of any Person to acquire any of its capital stock or similar equity
interests. No Company has any ownership interest in any Subsidiary of any
Unrestricted Subsidiary of Borrower or Communications. The number and percentage
of shares of partnership interests in each of the Cellular Partnerships, and the
ownership thereof, are accurately set forth on Schedule 8.3 attached hereto; all
such partnership interests are validly issued under the terms of the applicable
Partnership Agreements and applicable Law; and any ownership thereof by any Loan
Party is free and clear of any Liens or security interests or other contractual
restrictions, other than the pledge thereof in favor of Administrative Agent, on
behalf of Lenders. No Cellular Partnership owes any Debt to any Company. The
amount of the outstanding balance under the GRTI Note is approximately
$1,400,000.

     8.4. Authorization and Contravention. The execution and delivery by each
Loan Party of each Loan Document to which it is a party and the performance by
such Loan Party of its obligations thereunder (a) are within the corporate or
organizational power of such Loan Party; (b) will have been duly authorized by
all necessary limited liability company, corporate, or partnership action on the
part of such Loan Party when such Loan Document is executed and delivered, (c)
require no action by or in respect of, or filing with, any Governmental
Authority, which action or filing has not been taken or made on or prior to the
Effective Date (or if later, the date of execution and delivery of such Loan
Document), (d) will not violate any provision of the charter, bylaws,
organizational documents, or Partnership Agreement of such Loan Party, (e) will
not violate any provision of Law applicable to such Loan Party, other than such
violations which individually or collectively could not be a Material Adverse
Event, (f) will not violate any material written or oral agreements, contracts,
commitments, or understandings to which such Loan Party is a party, other than
such violations which could not be a Material Adverse Event, or (g) will not
result in the creation or imposition of any Lien on any asset of any Loan Party,
other than as contemplated by this Agreement. Each Loan Party has (or will have
upon consummation thereof) all necessary consents and approvals of any Person or
Governmental Authority required to be obtained in order to effect any asset
transfer, change of control, merger, or consolidations permitted by the Loan
Documents.

     8.5. Binding Effect. Upon execution and delivery by all parties thereto,
each Loan Document will constitute a legal, valid, and binding obligation of
each Loan Party party thereto, enforceable against each such Loan Party in
accordance with its terms, except as enforceability may be limited by applicable
Debtor Relief Laws and general principles of equity.

     8.6. Financial Statements. The Current Financials were prepared in
accordance with GAAP and present fairly, in all material respects, the
consolidated financial condition, results of operations, and cash flows of the
Loan Parties and Subsidiaries thereof covered thereby ("Reporting Entities") as
of and for the portion of the fiscal year ending on the date or dates thereof
(subject only to normal year-end audit adjustments for interim statements).
There were no material liabilities, direct or indirect, fixed or contingent, of
the Reporting Entities as of the date or dates of the Current Financials which
are required under GAAP to be reflected therein or in the notes thereto, and are
not so reflected. Except for transactions directly related to, specifically
contemplated by, or expressly permitted by, the Loan Documents, (a) there have
been no changes in the consolidated financial condition or operations of the
Reporting Entities from that shown in the Current Financials after such date
which could be a Material Adverse Event, nor has any Reporting Entity incurred
any liability (including, without limitation, any liability under any
Environmental Law), direct or indirect, fixed or contingent, after such date
which could be a Material Adverse Event, and (b) no Reporting Entity has
incurred any liability (including, without limitation, any liability under any
Environmental Law), direct or indirect, fixed or contingent, after such date
which could be a Material Adverse Event.

     8.7. Litigation, Claims, Investigations. No Loan Party or any Subsidiary
thereof is subject to, or aware of the threat of, any Litigation which is
reasonably likely to be determined adversely to any Loan Party or any Subsidiary
thereof, and, if so adversely determined, could (individually or collectively
with other Litigation) be a Material Adverse Event. Schedule 8.7 sets forth all
Litigation as of the Effective Date which, if adversely determined, could
(individually or collectively with other Litigation) be a Material Adverse
Event. There are no outstanding orders or judgments for the payment of money in
excess of $10,000,000 (individually or collectively) or any warrant of
attachment, sequestration, or similar proceeding against the assets of any Loan
Party or any Subsidiary thereof having a value (individually or collectively) of
$10,000,000 or more which is not either (a) stayed on appeal or (b) being
diligently contested in good faith by appropriate proceedings and adequate
reserves have been set aside on the books of such Loan Party or any Subsidiary
thereof in accordance with GAAP. There are no formal complaints, suits, claims,
investigations, or proceedings initiated at or by any Governmental Authority
pending or threatened by or against any Loan Party or any Subsidiary thereof
which could reasonably be expected to be a Material Adverse Event, nor any
judgments, decrees, or orders of any Governmental Authority outstanding against
any Loan Party or any Subsidiary thereof that could reasonably be expected to be
a Material Adverse Event.

     8.8. Taxes. All Tax returns of each Loan Party and each Subsidiary thereof
required to be filed have been filed (or extensions have been granted) prior to
delinquency, except for any such returns for which the failure to so file could
not be a Material Adverse Event, and all Taxes imposed upon each Loan Party and
each of its Subsidiaries which are due and payable have been paid prior to
delinquency, other than Taxes for which the criteria for Permitted Liens (as
specified in Section 9.13(b)(v)) have been satisfied or for which nonpayment
thereof could not constitute a Material Adverse Event.

     8.9. Environmental Matters. No Loan Party or any Subsidiary thereof (a)
knows of any environmental condition or circumstance, such as the presence or
Release of any Hazardous Substance, on any property presently or previously
owned by any Loan Party or any Subsidiary thereof that could be a Material
Adverse Event, (b) knows of any violation by any Loan Party or any Subsidiary
thereof of any Environmental Law, except for such violations that could not be a
Material Adverse Event, or (c) knows that any Loan Party or any of its
Subsidiaries is under any obligation to remedy any violation of any
Environmental Law, except for such obligations that could not be a Material
Adverse Event; provided, however, that each Loan Party and each Subsidiary
thereof (x) to the best of its knowledge, has in full force and effect all
Environmental Permits, licenses, and approvals required to conduct its
operations and is operating in substantial compliance thereunder, and (y) has
taken prudent steps to determine that its properties and operations are not in
violation of any Environmental Law.

     8.10. Employee Benefit Plans. No Loan Party, any Restricted Subsidiary
thereof, or any ERISA Affiliate of any Loan Party has maintained or will
maintain any Employee Plans. No Loan Party, any Restricted Subsidiary thereof,
or any ERISA Affiliate of any Loan Party has engaged in any "Prohibited
Transaction" (as defined in Section 406 of ERISA or Section 4975 of the Code)
which would be a Material Adverse Event.

     8.11. Properties; Liens. Each Loan Party has good and marketable title to
all its property reflected on the Current Financials, except (a) for (i)
property that is obsolete, (ii) property that has been disposed of in the
ordinary course of business, or (iii) property with title defects or failures in
title which would not be a Material Adverse Event, or (b) as otherwise permitted
by the Loan Documents. Except for Permitted Liens, there is no Lien on any
property of any Loan Party, and the execution, delivery, performance, or
observance of the Loan Documents will not require or result in the creation of
any Lien on such property.

     8.12. Government Regulations. No Loan Party or Subsidiary thereof is
subject to regulation under the Investment Company Act of 1940, as amended, the
Public Utility Holding Company Act of 1935, as amended, or any other Law (other
than Regulations T, U, and X of the Board of Governors of the Federal Reserve
System and the requirements of any PUC or public service commission) which
regulates the incurrence of Debt.

     8.13. Transactions with Affiliates. Except as permitted in Section 9.14, no
Loan Party or any Subsidiary thereof is a party to a material transaction with
any of its Affiliates (excluding transactions between or among Companies), other
than transactions in the ordinary course of business and upon fair and
reasonable terms not materially less favorable than such Loan Party could obtain
or could become entitled to in an arm's-length transaction with a Person that
was not its Affiliate.

     8.14. Debt. No Loan Party or any Foreign Subsidiary thereof is an obligor
on any Debt other than Permitted Debt.

     8.15. Material Agreements; Management Agreements. Schedule 8.15 hereto sets
forth a list of all contracts material to the respective business of the Loan
Parties (including with respect to the Systems), and there exists no material
default under any of such contracts. There are no failures of any material
written or oral agreements, contracts, commitments, or understandings to which
any Loan Party is a party to be in full force and effect which could be a
Material Adverse Event, and no default or potential default exists on the part
of any Loan Party thereunder which could be a Material Adverse Event. No Loan
Party is a party to any management or consulting agreement for the provision of
services to it, except as described in Schedule 8.15 hereto.

     8.16. Insurance. Each Loan Party and each Subsidiary thereof maintains,
with financially sound, responsible, and reputable insurance companies or
associations, insurance concerning its properties and businesses against such
casualties and contingencies and of such types and in such amounts (and with
co-insurance and deductibles) as is customary in the case of same or similar
businesses.

     8.17. Labor Matters. There are no actual or threatened strikes, labor
disputes, slow downs, walkouts, or other concerted interruptions of operations
by the employees of any Loan Party or any Subsidiary thereof that could be a
Material Adverse Event. Hours worked by and payment made to employees of the
Loan Parties and Subsidiaries thereof have not been in violation of the Fair
Labor Standards Act or any other applicable Law dealing with such matters, other
than any such violations, individually or collectively, which could not
constitute a Material Adverse Event. All payments due from any Loan Party or any
Subsidiary thereof on account of employee health and welfare insurance have been
paid or accrued as a liability on its books, other than any such nonpayments
which could not, individually or collectively, constitute a Material Adverse
Event.

     8.18. Solvency. At the time of each Borrowing hereunder and on the date of
each Permitted Acquisition, each Loan Party is (and after giving effect to the
transactions contemplated by the Loan Documents, any Permitted Acquisition, and
any incurrence of additional Debt, will be) Solvent.

     8.19. Intellectual Property. Each Loan Party and each Subsidiary thereof
owns or has sufficient and legally enforceable Rights to use all material
licenses, patents, patent applications, copyrights, service marks, trademarks,
trademark applications, and trade names necessary to continue to conduct its
businesses as heretofore conducted by it, now conducted by it, and now proposed
to be conducted by it. Each Loan Party and each Subsidiary thereof is conducting
its business without infringement or claim of infringement of any license,
patent, copyright, service mark, trademark, trade name, trade secret, or other
intellectual property right of others, other than any such infringements or
claims which, if successfully asserted against or determined adversely to any
Loan Party and any Subsidiary thereof, could not, individually or collectively,
reasonably be expected to constitute a Material Adverse Event.

     8.20. Compliance with Laws. No Loan Party or any Subsidiary thereof is in
violation of any Laws (including, without limitation, the Communications Act,
Environmental Laws, and those Laws administered by the FCC and any PUC), other
than such violations which could not, individually or collectively, be a
Material Adverse Event. No Loan Party or any Subsidiary thereof has received
notice alleging any noncompliance with any Laws, except for such noncompliance
which no longer exists, or which could not constitute a Material Adverse Event.

     8.21. Permitted Acquisitions.

          (a) Validity. With respect to any Permitted Acquisitions, each Company
has the power and authority under the Laws of its state of incorporation or
organization and under its articles of incorporation and bylaws, organizational
documents, or Partnership Agreement, as applicable, to enter into and perform
the related Acquisition agreement to which it is a party and all other
agreements, documents, and actions required thereunder; and all actions
(corporate or otherwise) necessary or appropriate by the Companies for the
execution and performance of said Acquisition agreements, and all other
documents, agreements, and actions required thereunder, have been taken, and,
upon their execution, such Acquisition agreements will constitute the valid and
binding obligation of the Companies party thereto, enforceable in accordance
with their respective terms.

          (b) No Violations. With respect to any Permitted Acquisition, the
making and performance of the related Acquisition agreements, and all other
agreements, documents, and actions required thereunder, will not violate any
provision of any Law, including, without limitation, all state corporate Laws
and judicial precedents of the states of incorporation or formation of the
Companies, and will not violate any provisions of the articles of incorporation,
bylaws, or Partnership Agreements of the Companies, or constitute a default
under any agreement by which the Companies or their respective property may be
bound.

     8.22. Regulation U. "Margin Stock" (as defined in Regulation U) constitutes
less than 25% of those assets of any Loan Party, which are subject to any
limitation on sale, pledge, or other restrictions hereunder.

     8.23. Tradename. No Loan Party has used or transacted business under any
other corporate or trade name in the five-year period preceding the Effective
Date.

     8.24. Intentionally Omitted

     8.25. Full Disclosure. There is no material fact or condition relating to
the Loan Documents or the financial condition, business, or property of any Loan
Party or any Subsidiary thereof which could be a Material Adverse Event and
which has not been related, in writing, to Administrative Agent. All information
heretofore furnished by any Loan Party to any Lender or Administrative Agent in
connection with the Loan Documents was, and all such information hereafter
furnished by any Loan Party to any Lender or Administrative Agent will be, true
and accurate in all material respects or based on reasonable estimates on the
date as of which such information is stated or certified.

     8.26. No Default. No Default or Potential Default exists or will arise as a
result of the execution, delivery, or performance of the Loan Documents, of any
Borrowing hereunder, or after giving effect to the transactions contemplated
hereby.

     8.27. Perfection of Security Interests. Upon filing of the financing
statements against each Loan Party in the jurisdictions listed on each ANNEX A
of each Security Agreement and the delivery to Administrative Agent, for the
benefit of Lenders, of all the issued and outstanding shares of stock or other
evidence of equity investments owned by any Loan Party and required to be
pledged to secure the Obligation pursuant to Sections 6.1 and 6.4, the security
interests in the Collateral created by the Collateral Documents will be
perfected in favor of Administrative Agent, for the benefit of Lenders. No
further action, including any filing or recording of any document, is necessary
in order to establish, perfect, and maintain Lenders' first priority security
interests in the assets and the stock created by the Collateral Documents,
except for the periodic filing of continuation statements with respect to
financing statements filed under the UCC.

                             Section 9. COVENANTS.

     Each Loan Party covenants and agrees (and agrees to cause its ERISA
Affiliates with respect to Section 9.10) to perform, observe, and comply with
each of the following covenants applicable to such Person, from the Effective
Date and so long thereafter as Lenders are committed to fund Borrowings and
Administrative Agent is committed to issue LCs under this Agreement and
thereafter until the payment in full of the Principal Debt (and termination of
outstanding LCs, if any) and payment in full of all other interest, fees, and
other amounts of the Obligation then due and owing, unless Borrower receives a
prior written consent to the contrary by Administrative Agent as authorized by
Required Lenders:

     9.1. Use of Proceeds. Borrower shall use (and shall cause each other
Company to use) the proceeds of Borrowings only for the purposes represented
herein.

     9.2. Books and Records. The Loan Parties shall maintain books, records, and
accounts necessary to prepare financial statements in accordance with GAAP.

     9.3. Items to be Furnished. Communications and Borrower shall cause the
following to be furnished to Administrative Agent for delivery to Lenders:

          (a) Promptly after preparation, and no later than 120 days after the
last day of each fiscal year of Communications and Borrower, Financial
Statements showing the consolidated financial condition and results of
operations calculated separately for each of (x) Communications and its
Restricted Subsidiaries and (y) the Companies, as of, and for the year ended on,
such day, each accompanied by:

               (i) the unqualified opinion of a firm of nationally-recognized
          independent certified public accountants, based on an audit using
          generally accepted auditing standards, that such Financial Statements
          were prepared in accordance with GAAP and present fairly the
          consolidated financial condition and results of operations of
          Communications and its Restricted Subsidiaries and the Companies, as
          the case may be;

               (ii) a certificate from such accounting firm to Administrative
          Agent indicating that during its audit it obtained no knowledge of any
          Default or Potential Default or, if it obtained such knowledge, the
          nature and period of existence thereof; and

               (iii) with respect to the Financial Statements of the Companies,
          a Compliance Certificate in substantially the form of Exhibit E-1.

          (b) Promptly after preparation, and no later than 60 days after the
last day of each fiscal quarter of Communications and Borrower, Financial
Statements showing the consolidated financial condition and results of
operations calculated for Communications and its Restricted Subsidiaries and the
Companies for such fiscal quarter and for the period from the beginning of the
then-current fiscal year to, such last day, accompanied by a Compliance
Certificate with respect to the Financial Statements of the Companies in
substantially the form of Exhibit E-1.

          (c) Within 60 days after the end of each fiscal quarter of Borrower a
management report, showing for each System results of operations and subscriber
counts, discussing the financial results and comparing actual performance
results to the Budget for such period, and outlining principal factors affecting
performances of each market (all items to be delivered under this clause (c) to
be in form and substance satisfactory to Administrative Agent).

          (d) On or prior to March 31 of each fiscal year of the Companies, the
financial Budget for such fiscal year, accompanied by a certificate executed by
a Responsible Officer, certifying that such Budget was prepared by Borrower
based on assumptions which, in light of the historical performance of the
Companies and their prospects for the future, are realistic and achievable.

          (e) Promptly upon receipt thereof, copies of all auditor's annual
management letters delivered to Communications or Borrower.

          (f) Notice, promptly after any Loan Party knows or has reason to know
of (i) the existence and status of any Litigation which could be a Material
Adverse Event, or of any order or judgment for the payment of money which
(individually or collectively) is in excess of $5,000,000, or any warrant of
attachment, sequestration, or similar proceeding against the assets of any Loan
Party or any Subsidiary thereof having a value (individually or collectively) of
$5,000,000, (ii) any material change in any material fact or circumstance
represented or warranted in any Loan Document, (iii) a Default or Potential
Default specifying the nature thereof and what action any Loan Party or any
Subsidiary thereof has taken, is taking, or proposes to take with respect
thereto, (iv) the receipt by any Loan Party or any Subsidiary thereof of any
notice from any Governmental Authority of the expiration without renewal,
termination, material modification or suspension of, or institution of any
proceedings to terminate, materially modify, or suspend, any Authorization
granted by the FCC or any applicable PUC, or any other Authorization which any
Loan Party or any Subsidiary thereof is required to hold in order to operate its
business in compliance with all applicable Laws, other than such expirations,
terminations, suspensions, or modifications which individually or in the
aggregate would not constitute a Material Adverse Event, (v) any federal, state,
or local Law limiting or controlling the operations of any Loan Party or any
Subsidiary thereof which has been issued or adopted hereafter and which could be
a Material Adverse Event, (vi) the receipt by any Loan Party or any Subsidiary
thereof of notice of any violation or alleged violation of any Environmental Law
or Environmental Permit or any Environmental Liability or potential
Environmental Liability, which violation or liability or alleged violation or
liability could, individually or collectively with other such violations or
allegations, constitute a Material Adverse Event, or (vii) (A) any expressed
statement in writing on the part of the PBGC of any "Prohibited Transaction," or
(B) the creation of, maintenance of, or acquisition of any Employee Plan by any
Loan Party, any Subsidiary thereof, or any ERISA Affiliate of any Loan Party.

          (g) Promptly after any of the information or disclosures provided on
any of the Schedules delivered pursuant to this Agreement or any Annexes to any
of the Collateral Documents becomes outdated or incorrect in any material
respect, such revised or updated Schedule(s) or Annexes as may be necessary or
appropriate to update or correct such information or disclosures; provided that,
no deletions may be made to any Annexes describing Collateral in any of the
Collateral Documents unless approved by Required Lenders.

          (h) Promptly after preparation, true, correct, and complete copies of
all material reports or filings filed by or on behalf of any Loan Party with any
Governmental Authority (including the FCC and the Securities and Exchange
Commission).

          (i) Promptly after the filing thereof, a true, correct, and complete
copy of each Form 10-K, Form 10-Q, and Form 8-K filed by or on behalf of any
Loan Party or any Restricted Subsidiary thereof with the Securities and Exchange
Commission.

          (j) Promptly upon request therefor by Administrative Agent or Required
Lenders, such information (not otherwise required to be furnished under the Loan
Documents) respecting the business affairs, assets, and liabilities of the Loan
Parties or Subsidiary thereof, and such opinions, certifications, and documents,
in addition to those mentioned in this Agreement, as reasonably requested.

          (k) With respect to the post-closing requirements set forth on
Schedule 7.1A, deliver, or cause to be delivered, to Administrative Agent, all
agreements, documents, instruments, or other items listed on Schedule 7.1A on or
prior to the date specified for delivery thereof on Schedule 7.1A.

     9.4. Inspections. Upon reasonable notice, the Loan Parties shall allow
Administrative Agent or any Lender (or their respective Representatives) to
inspect any of their properties, to review reports, files, and other records and
to make and take away copies thereof, to conduct tests or investigations, and to
discuss any of their respective affairs, conditions, and finances with other
creditors, directors, officers, employees, other representatives, and
independent accountants of the Loan Parties, from time to time, during
reasonable business hours.

     9.5. Taxes. Each Loan Party (a) shall (and shall cause each of its
Subsidiaries to) promptly pay when due any and all Taxes other than Taxes the
applicability, amount, or validity of which is being contested in good faith by
lawful proceedings diligently conducted, and against which reserve or other
provision required by GAAP has been made, and in respect of which levy and
execution of any lien securing same have been and continue to be stayed, (b)
shall not, directly or indirectly, use any portion of the proceeds of any
Borrowing to pay the wages of employees unless a timely payment to or deposit
with the appropriate Governmental Authorities of all amounts of Tax required to
be deducted and withheld with respect to such wages is also made, and (c) shall
notify Lenders immediately if the Internal Revenue Service or any other taxing
authority commences or notifies any Loan Party or Subsidiary thereof of its
intention to commence an audit or investigation with respect to any taxes of any
kind due or alleged to be due from any Loan Party or any Subsidiary thereof.

     9.6. Payment of Obligations. Borrower shall pay the Obligation in
accordance with the terms and provisions of the Loan Documents. Each Loan Party
(a) shall promptly pay (or renew and extend) all of its material obligations as
the same become due (unless such obligations (other than the Obligation) are
being contested in good faith by appropriate proceedings), and (b) shall not (i)
make any voluntary prepayment of principal of, or interest on, any other Debt
(other than the Obligation), whether subordinate to the Obligation or not or
(ii) use proceeds from the Revolver Facility to make any voluntary prepayment of
principal of, or interest on, or sinking fund payment in respect of any Debt of
Loan Party or Subsidiary thereof, except as permitted in Sections 9.20. No Loan
Party shall make any payment on any Subordinated Debt when it violates the
subordination provisions thereof or results in a Default or Potential Default
hereunder.

     9.7. Maintenance of Existence, Assets, and Business. Except as otherwise
permitted by Section 9.24, each Loan Party shall (and shall cause each of its
Subsidiaries to) at all times: (a) maintain its existence and good standing in
the jurisdiction of its organization and its authority to transact business in
all other jurisdictions where the failure to so maintain its authority to
transact business could be a Material Adverse Event; (b) maintain all licenses,
permits, and franchises necessary for its business where the failure to so
maintain could be a Material Adverse Event; (c) keep all of its assets which are
useful in and necessary to its business in good working order and condition
(ordinary wear and tear excepted) and make all necessary repairs thereto and
replacements thereof; and (d) do all things necessary to obtain, renew, extend,
and continue in effect all Authorizations issued by the FCC or any applicable
PUC which may at any time and from time to time be necessary for the Loan
Parties and Subsidiaries thereof to operate their businesses in compliance with
applicable Law, where the failure to so renew, extend, or continue in effect
could be a Material Adverse Event.

     9.8. Insurance. The Loan Parties shall, at their sole cost and expense,
keep and maintain all property and assets owned by such Loan Party insured for
its actual cash value against loss or damage by fire, theft, explosion, flood,
and all other hazards and risks ordinarily insured against by other owners or
users of such properties in similar businesses of comparable size and notify
Administrative Agent promptly of any occurrence causing a material loss or
decline in value of such property or assets and the estimated (or actual, if
available) amount of such loss or decline. All such policies of insurance shall
be in a form, with such co-insurance and deductibles, and with insurers
recognized as adequate by prudent business Persons in the same businesses as the
Loan Parties and acceptable to Administrative Agent, and all such policies shall
be in such amount as may be satisfactory to Administrative Agent. On the
Effective Date and thereafter as each policy is renewed and extended, the Loan
Parties shall deliver to Administrative Agent a certificate of insurance for
each policy of insurance and evidence of payment of all premiums therefor. Such
policies of insurance and the certificates evidencing the same shall contain an
endorsement, in form and substance acceptable to Administrative Agent, showing
loss payable to Administrative Agent (for the ratable benefit of Lenders) as its
interests may appear under a standard mortgagee clause. Such endorsement, or an
independent instrument furnished to Administrative Agent, shall provide that the
insurance companies will give Administrative Agent at least 30 days prior
written notice before any such policy or policies of insurance shall be altered
or canceled and that no act or default of any Loan Party or any other Person
shall affect the Right of Administrative Agent to recover under such policy or
policies of insurance in case of loss or damage. Upon the payment by the insurer
of the proceeds of any such policy of insurance and if no Default has occurred
and is continuing, the Loan Party so insured may retain such insurance if such
proceeds are used to repair or replace the property the damage or destruction of
which gave rise to the payment of such insurance proceeds or to acquire Cellular
Assets of equal or greater value; provided, however, that any insurance proceeds
not used for repair or replacement or the acquisition of Cellular Assets in
accordance herewith, unless paid as reimbursement of expenses incurred and
business losses suffered in connection with the loss or damage to the
Collateral, shall be paid to or retained by Administrative Agent for application
as a mandatory prepayment on the Obligation. Notwithstanding the foregoing, no
acquisition of Cellular Assets or mandatory prepayment shall be required unless
the amount of insurance proceeds received in any calendar year under all
policies of insurance of the Loan Parties exceeds $150,000. Any mandatory
prepayment hereunder shall be applied as a mandatory reduction of the Revolver
Commitment.

     9.9. Preservation and Protection of Rights. Each Loan Party shall (and
shall cause each Subsidiary thereof to) perform such acts and duly authorize,
execute, acknowledge, deliver, file, and record any additional agreements,
documents, instruments, and certificates as Administrative Agent or Required
Lenders may reasonably deem necessary or appropriate in order to preserve and
protect the Rights of Administrative Agent and Lenders under any Loan Document.

     9.10. Employee Benefit Plans. No Loan Party, Restricted Subsidiary thereof,
or ERISA Affiliate of any Loan Party shall, directly or indirectly, engage in
any "Prohibited Transaction" (as defined in Section 406 of ERISA or Section 4975
of the Code), or (without notice to Administrative Agent and execution of
appropriate amendments to the Loan Documents) maintain, create, or participate
in any Employee Plan.

     9.11. Environmental Laws. Each Loan Party shall (and shall cause each
Subsidiary thereof to) (a) conduct its business so as to comply with all
applicable Environmental Laws and shall promptly take corrective action to
remedy any non-compliance with any Environmental Law, (b) promptly investigate
and remediate any known Release or threatened Release of any Hazardous Substance
on any property owned by any Loan Party or at any facility operated by any Loan
Party to the extent and degree necessary to comply with Law and to assure that
any Release or threatened Release does not result in a substantial endangerment
to human health or the environment, and (c) appropriately monitor compliance
with applicable Environmental Laws and minimize financial and other risks to
each Loan Party arising under applicable Environmental Laws or as a result of
environmentally-related injuries to Persons or property.

     9.12. Debt and Guaranties. No Loan Party (other than Communications) shall
nor shall they permit any of their Foreign Subsidiaries to, directly or
indirectly, create, incur, or suffer to exist any direct, indirect, fixed, or
contingent liability for any Debt, other than:

          (a) The Obligation and Guaranties thereof;

          (b) Debt incurred by the Companies under any Financial Hedge permitted
by, and purchased and maintained in compliance with, the requirements of the
Loan Documents;

          (c) Debt between Companies;

          (d) Debt of any Company owed to Communications, so long as such Debt
is unsecured, unguaranteed, and subordinate in right of payment to the
Obligation pursuant to an Affiliate Subordination Agreement, and so long as such
Subordinated Debt and Affiliate Subordination Agreement are upon terms
satisfactory to Administrative Agent; provided, however, that, (i) the
subordination provisions shall permit repayments of such Debt at such times, in
such amounts, for the express purposes, and subject to the conditions, as
specified in Section 9.20(m) and (ii) the aggregate amount of such Subordinated
Debt incurred by all the Companies pursuant to this paragraph (d) on and after
the Effective Date shall not exceed $275,000,000; and

          (e) Trade Debt for goods furnished or services rendered in the
ordinary course of business and payable in accordance with customary trade terms
that are not more than 90 days past due;

          (f) Debt of the Companies arising under Capital Leases not to exceed
$30,000,000 in the aggregate on any date of determination, other than Capital
Leases entered into pursuant to Section 9.12(i);

          (g) Endorsements of checks or drafts in the ordinary course of
business;

          (h) Debt incurred or assumed by any Company for the purpose of
financing all or any part of the cost of any asset (including Capital Leases and
renewals, extensions, amendments, and modifications of such Debt), so long as
(i) the aggregate amount of such Debt (together with any and all amendments,
modifications, or refinancings thereof) does not exceed $50,000,000, and (ii) no
Default or Potential Default then exists or arises as a result of such Debt
incurrence;

          (i) Unsecured Debt of any Company not otherwise permitted by this
Section 9.12, so long as on any date of determination such Debt does not exceed,
in the aggregate, $10,000,000; and

          (j) Debt of any Foreign Subsidiary of Borrower not to exceed
$2,500,000 in the aggregate on any date of determination.

     9.13. Liens. No Loan Party (other than Communications) will, directly or
indirectly, (a) enter into or permit to exist any arrangement or agreement which
directly or indirectly prohibits any Loan Party (other than Communications) from
creating or incurring any Lien on any of its assets, other than the Loan
Documents, or (b) create, incur, or suffer or permit to be created or incurred
or to exist any Lien upon any of its assets, EXCEPT:

               (i) Liens securing the Obligation, and so long as the Obligation
          is ratably secured therewith, Liens securing Debt incurred by any
          Company under any Financial Hedge with any Lender or an Affiliate of
          any Lender to the extent permitted under Section 9.12(b);

               (ii) Pledges or deposits made to secure payment of worker's
          compensation, or to participate in any fund in connection with
          worker's compensation, unemployment insurance, pensions, or other
          social security programs, but expressly excluding any Liens in favor
          of the PBGC or otherwise under ERISA;

               (iii) Good-faith pledges or deposits made to secure performance
          of bids, tenders, insurance or other contracts (other than for the
          repayment of borrowed money), or leases, or to secure statutory
          obligations, surety or appeal bonds, or indemnity, performance, or
          other similar bonds as all such Liens arise in the ordinary course of
          business;

               (iv) Encumbrances consisting of zoning restrictions, easements,
          or other restrictions on the use of real property, none of which
          impair in any material respect the use of such property by the Person
          in question in the operation of its business, and none of which is
          violated by existing or proposed structures or land use;

               (v) Liens of landlords or of mortgagees of landlords, arising
          solely by operation of law, on fixtures and movable property located
          on premises leased in the ordinary course of business;

               (vi) The following, so long as the validity or amount thereof is
          being contested in good faith and by appropriate and lawful
          proceedings diligently conducted, reserve or other appropriate
          provisions (if any) required by GAAP shall have been made, levy and
          execution thereon have been stayed and continue to be stayed, and they
          do not in the aggregate materially detract from the value of the
          property of the Person in question, or materially impair the use
          thereof in the operation of its business: (i) claims and Liens for
          Taxes (other than Liens relating to Environmental Laws or ERISA); (ii)
          claims and Liens upon, and defects of title to, real or personal
          property, including any attachment of personal or real property or
          other legal process prior to adjudication of a dispute of the merits;
          and (iii) claims and Liens of mechanics, materialmen, warehousemen,
          carriers, landlords, or other like Liens;

               (vii) Liens securing Permitted Debt incurred pursuant to Section
          9.12(g) and (i), so long as (x) any such Lien does not extend to any
          asset other than the asset purchased or financed by such Debt, and (y)
          any such Lien attached to such asset concurrently with or within 180
          days of the related asset acquisition; and

               (viii) Liens existing on the Effective Date, so long as the Debt
          secured by all such Liens does not exceed $4,000,000 in aggregate.

     9.14. Transactions with Affiliates. No Loan Party shall (a) enter into any
material transaction with any of its Affiliates (excluding transactions among or
between Loan Parties), other than (i) transactions in the ordinary course of
business and upon fair and reasonable terms not materially less favorable than
such Loan Party could obtain or could become entitled to in an arm's-length
transaction with a Person that was not its Affiliate, (ii) transactions between
the Loan Parties and any Affiliate (excluding any Loan Party) on terms of the
kind customarily employed to allocate charges among members of a consolidated
group of entities, in each such case, that are fair and reasonable to the Loan
Parties, provided that, with respect to such transactions permitted in this
clause (ii), the aggregate consideration for such transactions does not exceed
$2,000,000 at any date of determination or (iii) the office lease between Dobson
Parkway, LLC and Communications and all amendments thereto on terms reasonably
acceptable to Administrative Agent, or (b) pay any salaries or other
compensation, consulting fees, or management fees or other like payments, or any
rental payments to any of its Affiliates.

     9.15. Compliance with Laws and Documents. No Loan Party or Subsidiary
thereof shall violate the provisions of any Laws (including, without limitation,
Environmental Laws, Environmental Permits, ERISA, and OSHA) applicable to it,
including, without limitation, all rules and regulations promulgated by the FCC
or any applicable PUC, or any material written or oral agreement, contract,
commitment, or understanding to which it is a party, if such violation alone, or
when aggregated with all other such violations, could be a Material Adverse
Event; no Loan Party shall violate the provisions of its charter, bylaws, or
partnership agreement, or modify, repeal, replace, or amend any provision of its
charter, bylaws, or partnership agreement, if such action could adversely affect
the Rights of Lenders.

     9.16. Permitted Acquisitions, Subsidiary Guaranties, and Collateral
Documents. In connection with each Permitted Acquisition, Borrower shall
deliver, or cause to be delivered to, Administrative Agent each of the items
described on Schedule 7.2, on or before the date specified on such Schedule for
each such item. Borrower shall cause each Domestic Subsidiary that becomes a
Restricted Subsidiary of any Company after the Effective Date (whether as a
result of acquisition, merger, creation, or otherwise), (a) to execute a
Guaranty on the date such entity becomes a Restricted Subsidiary of a Company
and promptly deliver (but in no event later than 10 days following consummation
of such creation, acquisition, or merger) such Guaranty to Administrative Agent
and (b) to execute and deliver to Administrative Agent all required Collateral
Documents (in form and substance acceptable to Administrative Agent) creating
Liens in favor of Administrative Agent on all the assets of such Restricted
Subsidiary of any Company.

     9.17. Assignment. No Loan Party shall assign or transfer any of its Rights,
duties, or obligations under any of the Loan Documents.

     9.18. Fiscal Year and Accounting Methods. No Loan Party will change its
fiscal year for book accounting purposes or its method of accounting, other than
(a) immaterial changes in methods or as required by GAAP, or (b) in connection
with a Permitted Acquisition, such changes to the newly-acquired entity so as to
conform its fiscal year and its method of accounting to those of the Companies.

     9.19. Government Regulations. No Loan Party will conduct its business in
such a way that it will become subject to regulation under the Investment
Company Act of 1940, as amended, the Public Utility Holding Company Act of 1935,
as amended, or any other Law (other than Regulations T, U, and X of the Board of
Governors of the Federal Reserve System and the requirements of any PUC or
public service commission) which regulates the incurrence of Debt.

     9.20. Loans, Advances, Investments, and Restricted Payments. No Loan Party
(other than Communications) shall, directly or indirectly, declare, make, or pay
any Distributions or any other Restricted Payment or make any loan, advance,
extension of credit, or capital contribution to, make any investment in, or
purchase or commit to purchase any stock or other securities or evidences of
Debt of, or interests in, or any assets constituting an ongoing business of, any
other Person, other than:

          (a) Investments in Cash Equivalents;

          (b) Loans, advances, extensions of credit, capital contributions, and
other investments in or between Companies;

          (c) Permitted Acquisitions (other than Acquisitions of, by, or
resulting in, Foreign Subsidiaries); provided, however, that to the extent that
any Permitted Acquisition results in the formation or Acquisition of one or more
Foreign Subsidiaries, Borrower shall provide to Administrative Agent such
information as Administrative Agent shall reasonably request to evidence the
portion of the Purchase Price of such Acquisition attributable to such Foreign
Subsidiaries (the "Foreign Investment"), which Foreign Investment must be
permitted by Section 9.20(g);

          (d) Trade accounts receivable which are for goods furnished or
services rendered in the ordinary course of business and are payable in
accordance with customary trade terms;

          (e) Investments by any Company in Foreign Subsidiaries thereof not to
exceed $10,000,000 in the aggregate from and after the Effective Date;

          (f) Investments by Borrower in participation certificates of CoBank,
ACB ("Participation Certificate"), as required of co-op borrowers generally
pursuant to CoBank, ACB's Bylaws and Capital Plan; provided, however, that no
additional investments in CoBank, ACB are required as a result of the
transactions contemplated by this Agreement;

          (g) Loans, advances, extensions of credit to, or capital contributions
and other investments of the Loan Parties existing on the Effective Date,
provided that as of the Effective Date there are no outstanding loans, advances
or extensions of credit made to any Cellular Partnership;

          (h) Financial Hedges purchased by Communications or any Company to the
extent permitted by, and purchased and maintained in compliance with, the Loan
Documents;

          (i) Distributions declared, made, or paid by Borrower wholly in the
form of its membership interests;

          (j) Distributions or any Restricted Payment by any Loan Party to
Borrower or any other Company;

          (k) If no Triggering Event has occurred or is created thereby (as
determined on a pro forma basis), Restricted Payments, loans, advances, or
investments made by Borrower to Communications in amounts sufficient (when
aggregated with the amounts of all other Restricted Payments, loans, advances,
or dividends for such purposes from all other Subsidiaries of Communications)
(i) to pay regularly-scheduled interest payments on the Communications Bond Debt
in accordance with the Communications Bond Debt or (ii) to pay
regularly-scheduled required cash distributions or required cash interest
payments on each series of Preferred Stock and the related Exchange Debentures,
if any, on and as of the respective Cash-Pay Date for such series of Preferred
Stock or Exchange Debentures. If any Triggering Event has occurred and is
continuing, Borrower may only declare and pay such Restricted Payments to
Communications, or make such loans, advances, or investments to Communications,
subject to the following terms, conditions, and limitations: (i) the amount of
any such Restricted Payments, loans, advances, and investments (when aggregated
with the amounts of all other loans, advances, investments, and Restricted
Payments for such purposes from all other Subsidiaries of Communications) shall
not exceed (A) amounts then required to make any required cash payment of
interest or dividends on the Communications Bond Debt or the Preferred Stock or
interest on the Exchange Debentures, if issued, which required cash payments are
past due, by reason of such Triggering Event, and (B) the next regularly
scheduled required cash payment of the required interest or dividend on the
Communications Bond Debt; (ii) such Triggering Event (from the date of notice of
the existence of the earliest such Triggering Event if more than one exists) has
continued for 180 days and has not been cured or waived; (iii) such Triggering
Event is not a Default set forth in Section 10.1, 10.3, or 10.9 hereof; and (iv)
Lenders have not demanded payment in full of all obligations due and owing by
Borrower under the Agreement and the Loan Documents; provided further, that so
long as any Debt is owed from Borrower to Communications, any Restricted Payment
permitted under this Section 9.20(m) shall be made as a repayment of such Debt;

          (l) Restricted Payments by any Company which is a Cellular Partnership
made in accordance with its respective Partnership Agreements in an amount
sufficient to pay the cash tax liabilities of their respective partners for
federal and state income taxes directly attributable to the profit of each such
Cellular Partnership attributable to the applicable partner;

          (m) On and after January 1, 2003, Restricted Payments, Distributions,
loans, advances, or investments made by Borrower to Communications, so long as
(i) no Default or Potential Default exists or arises as a result thereof and
(ii) the ratio (calculated for the Rolling Period most recently ended) of: (A)
the Operating Cash Flow of the Companies minus the amount paid for Capital
Expenditures by the Companies to (B) the sum of (w) all regularly- scheduled
principal payments with respect to Total Debt required to be paid, (x) cash
Interest Expense, (y) cash Taxes of the Companies to the extent allocable to the
Companies pursuant to the Tax Sharing Agreement, and (z) Distributions
(including, without limitation, any Distributions made pursuant to Section
9.20(m)) paid in cash by Borrower is equal to or greater than 1.20 to 1, which
shall be evidenced by Borrower's delivery of a certificate demonstrating pro
forma compliance with such ratio, giving pro forma effect to the Restricted
Payments, loans, advances, or investments made pursuant to this Section 9.20(q);

          (n) Distributions by Borrower to Communications made in accordance
with the Tax Sharing Agreement in an amount sufficient to pay the cash tax
liability of Communications attributable solely to its ownership of Borrower;
and

          (o) Distributions by Borrower to Communications on the Effective Date
in an amount sufficient for Communications to pay the holders of the Existing
Bond Debt for all amounts required to consummate the consent solicitation and
tender offer therefor in an aggregate amount not to exceed $1,000,000.

Notwithstanding the foregoing, Restricted Payments and Distributions are
permitted hereunder only to the extent that any such Restricted Payment or
Distribution is made in accordance with applicable Law and constitutes a valid,
non-voidable transaction.

     9.21. Restrictions on Subsidiaries. No Guarantor (other than
Communications) nor any Subsidiary of Borrower shall enter into or permit to
exist any material arrangement or agreement (other than the Loan Documents)
which directly or indirectly prohibits any such Person from (a) declaring,
making, or paying, directly or indirectly, any Distribution or Restricted
Payment to Borrower or any other Loan Party, (b) paying any Debt owed to any
Loan Party, (c) making loans, advances, or investments to any Loan Party, or (d)
transferring any of its property or assets to any Loan Party.

     9.22. Sale of Assets. No Loan Party (other than Communications) shall sell,
assign, transfer, or otherwise dispose of any of its assets, other than (a)
sales of inventory in the ordinary course of business; (b) the sale, discount,
or transfer of delinquent accounts receivable in the ordinary course of business
for purposes of collection; (c) occasional sales of immaterial assets for
consideration not less than the fair market value thereof; (d) dispositions of
obsolete assets; (e) sale, leases, or other disposition among Companies or from
a Guarantor to a Company; (f) the sale and leaseback of the Companies' cellular
transmission towers in form and upon terms satisfactory to Administrative Agent;
(g) disposition of assets pursuant to Permitted Asset Swaps; and (h) if no
Default or Potential Default then exists or arises as a result thereof, sales of
other assets in the ordinary course of business; provided that, (i) the fair
market value of all assets sold pursuant to clause (h) (x) in any calendar year
does not exceed $20,000,000 in the aggregate, and (y) on a cumulative basis on
and after the Effective Date does not exceed, in the aggregate, more than
$50,000,000, and (ii) concurrently with such disposition, Borrower shall make
the mandatory prepayments (if any) required by Section 3.3(b)(ii).

     9.23. Sale-Leaseback Financings. Other than a sale-leaseback transaction
regarding the Companies' cellular transmission towers on terms and in form
satisfactory to Administrative Agent, no Loan Party will enter into any
sale-leaseback arrangement with any Person pursuant to which such Loan Party
shall lease any asset (whether now owned or hereafter acquired) if such asset
has been or is to be sold or transferred by any Loan Party to any other Person.

     9.24. Mergers and Dissolutions; Sale of Capital Stock. No Loan Party nor
any Foreign Subsidiary of Borrower or Restricted Subsidiary of Communications
will, directly or indirectly, merge or consolidate with any other Person, other
than (a) as a result of a Permitted Acquisition, or (b) mergers among
Wholly-owned Restricted Subsidiaries of Borrower; provided that, in any merger
involving Borrower (including a Permitted Acquisition effected as a merger),
Borrower must be the surviving entity, and, in any merger involving any other
Company (including a Permitted Acquisition effected as a merger), a Company must
be the surviving entity. No Unrestricted Subsidiary of Borrower will, directly
or indirectly, merge or consolidate with Borrower or any Restricted Subsidiary
of Borrower. No Loan Party shall liquidate, wind up, or dissolve (or suffer any
liquidation or dissolution), other than liquidations, wind ups, or dissolutions
incident to mergers permitted under this Section 9.24. No Loan Party may sell,
assign, lease, transfer, or otherwise dispose of the capital stock (or other
ownership interests) of any Subsidiary of such entity, except for sales, leases,
transfers, or other such distributions to another Company and pursuant to
Permitted Asset Swaps.

     9.25. New Business. No Loan Party (other than Communications) will,
directly or indirectly, permit or suffer to exist any material change in the
type of businesses in which it is engaged from the businesses of the Loan
Parties (other than Communications) as conducted on the Effective Date.
Communications will not engage in any business or activity other than holding
100% of the capital stock of its Subsidiaries, including Borrower.

     9.26. Affiliate Subordination Agreements. The Loan Parties shall,
simultaneously with the incurrence of any and all future Debt of any Loan Party
owed to any one or more Affiliates, cause the appropriate Affiliate or
Affiliates to execute and deliver to Administrative Agent an Affiliate
Subordination Agreement, subordinating the payment of such Debt to the payment
of the Obligation.

     9.27. Amendments to Documents. On and after the Effective Date, no Loan
Party shall (a) amend or permit any amendments to any Loan Party's Articles of
Incorporation, Bylaws, or other organizational documents, or any Partnership
Agreement of any Company that is a Cellular Partnership without the consent of
Administrative Agent (which consent will not be unreasonably withheld or
delayed); or (b) amend any existing credit arrangement or enter into any new
credit arrangement (to the extent permitted by the Loan Documents), if such
amended or new credit arrangements contain any provisions which are materially
more restrictive (as reasonably determined by Administrative Agent) than the
provisions of the Loan Documents.

     9.28. Financial Covenants. As calculated on a consolidated basis for the
Companies:

          (a) Leverage Ratio. Borrower shall never permit the Leverage Ratio to
be greater than the ratio shown in the table below which corresponds to the
applicable period of determination:

         =================================== ===================================
                      PERIOD                             LEVERAGE RATIO
         ----------------------------------- -----------------------------------
         On and after Effective Date                         2.50 to 1
         =================================== ===================================

          (b) Pro Forma Debt Service Coverage. Borrower shall never permit the
ratio of the Operating Cash Flow of the Companies to the Pro Forma Debt Service
to be less than or equal to the ratio shown in the table below which corresponds
to the applicable period of determination:

         =================================== ===================================
                      PERIOD                     PRO FORMA DEBT SERVICE RATIO
         =================================== ===================================
         On and after Effective Date                         1.50 to 1
         =================================== ===================================

          (c) Interest Coverage Ratio. Borrower shall never permit the Interest
Coverage Ratio, to be less than the ratio shown in the table below which
corresponds to the applicable period of determination:

         =================================== ===================================
                     PERIOD                        INTEREST COVERAGE RATIO
         =================================== ===================================
         On and after Effective Date                        2.25 to 1
         =================================== ===================================

          (d) Fixed Charge Coverage Ratio. On and after the Effective Date,
Borrower shall never permit the Fixed Charge Coverage Ratio, to be less than the
ratio shown in the table below which corresponds to the applicable period of
determination:

         =================================== ===================================
                            PERIOD               FIXED CHARGE COVERAGE RATIO
         =================================== ===================================
         On and after Effective Date                         1.0 to 1
         =================================== ===================================

     9.29. Covenants of Communications. So long as the Total Commitment has not
been terminated or the Obligation has not been paid in full, Communications
further covenants and agrees (and agrees to cause each Subsidiary of
Communications other than the Loan Parties governed by Sections 9.1 through
9.28, when applicable) to perform, observe, and comply with each of the
following additional covenants:

          (a) Debt. Communications shall not borrow any monies or create any
Debt, except (i) the Existing Bond Debt; (ii) Debt arising under the New Bond
Debt; (iii) Debt arising under Financial Hedges permitted by, and in compliance
with, Section 9.26(c); and (iv) Debt of Communications owed to Borrower
permitted by, and in compliance with, Sections 9.20(m) and (p).

          (b) Guaranties. Communications shall not guarantee or assume or agree
to become liable in any way, either directly or indirectly, for any Debt of
others, including, without limitation, its Unrestricted Subsidiaries, except (i)
endorsements of checks or drafts in the ordinary course of business, and (ii)
Communications' guarantee of the Obligation.

          (c) Loans. Communications shall not make any loans or advances to
others, other than (i) loans to any Company, provided such loans are unsecured
loans, which are expressly subordinated to the Obligation pursuant to an
Affiliate Subordination Agreement, and are subject to terms and conditions
acceptable to Borrower and Administrative Agent; (ii) loans and advances to its
Restricted Subsidiaries, other than the Companies or Guarantors, and (iii) loans
and advances to its Affiliates (other than the Companies and Restricted
Subsidiaries of Communications) in compliance with Section 9.14.

          (d) Liens. Neither Communications nor any Restricted Subsidiary of
Communications (other than the Companies and Guarantors) shall create, permit,
or suffer the creation of any Liens on any of its property, real or personal,
EXCEPT:

               (i) Liens securing the Obligation, and so long as the Obligation
          is ratably secured therewith, Liens securing Debt incurred by
          Communications under any Financial Hedge with any Lender or an
          Affiliate of any Lender;

               (ii) Pledges or deposits made to secure payment of worker's
          compensation, or to participate in any fund in connection with
          worker's compensation, unemployment insurance, pensions, or other
          social security programs, but expressly excluding any Liens in favor
          of the PBGC or otherwise under ERISA;

               (iii) Good-faith pledges or deposits made to secure performance
          of bids, tenders, insurance or other contracts (other than for the
          repayment of borrowed money), or leases, or to secure statutory
          obligations, surety or appeal bonds, or indemnity, performance, or
          other similar bonds as all such Liens arise in the ordinary course of
          business;

               (iv) Encumbrances consisting of zoning restrictions, easements,
          or other restrictions on the use of real property, none of which
          impair in any material respect the use of such property by the Person
          in question in the operation of its business, and none of which is
          violated by existing or proposed structures or land use;

               (v) Liens of landlords or of mortgagees of landlords, arising
          solely by operation of law, on fixtures and movable property located
          on premises leased in the ordinary course of business;

               (vi) The following, so long as the validity or amount thereof is
          being contested in good faith and by appropriate and lawful
          proceedings diligently conducted, reserve or other appropriate
          provisions (if any) required by GAAP shall have been made, levy and
          execution thereon have been stayed and continue to be stayed, and they
          do not in the aggregate materially detract from the value of the
          property of the Person in question, or materially impair the use
          thereof in the operation of its business: (i) claims and Liens for
          Taxes (other than Liens relating to Environmental Laws or ERISA); (ii)
          claims and Liens upon, and defects of title to, real or personal
          property, including any attachment of personal or real property or
          other legal process prior to adjudication of a dispute of the merits;
          and (iii) claims and Liens of mechanics, materialmen, warehousemen,
          carriers, landlords, or other like Liens; and

               (vii) Liens existing on the Effective Date.

          (e) Communications Bond Debt, Preferred Stock, and Exchange
Debentures. Communications shall not (i) amend or modify any provision of, or
waive any condition under, any document or instrument evidencing or relating to
the Communications Bond Debt, the Preferred Stock, or the Exchange Debentures,
including, without limitation, the Indenture for either issuance of
Communications Bond Debt, the Certificate of Designation for any Preferred
Stock, and the related documents or indentures evidencing or creating any
Exchange Debentures; (ii) make any optional redemptions, prepayments, or other
payments on either issuance of Communications Bond Debt, any Preferred Stock, or
any Exchange Debentures, other than (w) with respect to the tender offer,
consent solicitation and redemption with respect to the Existing Bond Debt
(other than the 10.875% Senior Notes due 2010 issued by Communications), (x)
regularly scheduled interest payment on each issuance of Communications Bond
Debt, (y) regularly-scheduled required cash dividends on each series of
Preferred Stock on and after the respective Cash-Pay Date for such series of
Preferred Stock, or (z) regularly scheduled dividends on the Preferred Stock,
paid solely in the form of additional shares of Preferred Stock having an
aggregate liquidation preference equal to the amount of such dividends; provided
that, in lieu of issuing any partial shares of Preferred Stock to pay any
non-cash dividend permitted by this clause (z), Communications may pay cash
dividends in an amount not to equal or exceed $1,000 for any quarterly dividend
period; (iii) use Restricted Payments, loans, advances, or investments received
from Borrower (other than Restricted Payments, loans, advances, or investments
made pursuant to Sections 9.20(p), (q), (s), (t), or (u)) for any purpose, other
than (x) to make regularly scheduled interest payments on the Communications
Bond Debt, or (y) after January 15, 2003, to pay regularly scheduled dividends
on the Preferred Stock.

          (f) Designation of Unrestricted Subsidiaries. So long as no Default or
Potential Default exists or arises as a result thereof, Communications may from
time to time change the designation of any Subsidiary of Communications from a
Restricted Subsidiary of Communications to an Unrestricted Subsidiary of
Communications, or vice versa; provided that, (a) Communications shall provide
Administrative Agent written notification of such designation not less than 10
Business Days prior to the effective date of such designation, together with a
pro forma Compliance Certificate demonstrating compliance with the financial
covenants after giving effect to such designation, (b) such designated
Unrestricted Subsidiary shall satisfy all the requirements of an Unrestricted
Subsidiary, as set forth in the definition of such term in Section 1.1, and (c)
Communications shall deliver to Administrative Agent a written certification
executed by Borrower and Communications, certifying that no Default or Potential
Default exists prior to or after giving effect to such designation.

          (g) Management Expenses. To the extent Communications charges any of
its Subsidiaries for management expenses, such management expenses must be fair
and reasonable and must be allocated among its Subsidiaries on a
consistently-applied basis.

                              Section 10. DEFAULT.

     The term "Default" means the occurrence of any one or more of the following
events:

     10.1. Payment of Obligation. The failure or refusal of any Loan Party or
Subsidiary thereof to pay (a) all or any part of the Principal Debt when the
same becomes due (whether by its terms, by acceleration, or as otherwise
provided in the Loan Documents); or (b) interest, fees, or any other part of the
Obligation (including, without limitation, any deposit of cash collateral
required pursuant to Section 2.4) within three days after the same becomes due
and payable in accordance with the Loan Documents.

     10.2. Covenants. The failure or refusal of Borrower (and, if applicable,
any other Loan Party) to punctually and properly perform, observe, and comply
with:

          (a) Any covenant, agreement, or condition contained in Sections 9.1,
9.3(a) through (d), 9.4, 9.10, 9.12, 9.13, 9.14, 9.16, 9.17, 9.20 through 9.24,
9.26, 9.28, and 9.29;

          (b) Any covenant, agreement, or conditions contained in Sections
9.3(e) through (k) and 9.6 (other than the covenants to pay the Obligation as
set forth therein, which shall be governed by Section 10.1), and such failure
continues for five days; and

          (c) Any other covenant, agreement, or condition contained in any Loan
Document (other than the covenants to pay the Obligation or provide cash
collateral set forth in Section 10.1 and the covenants in Section 10.2(a) and
(b)), and such failure or refusal continues for 20 days after (i) Administrative
Agent gives notice thereof, or (ii) Borrower otherwise becomes aware of such
failure or refusal.

     10.3. Debtor Relief. Any Loan Party or any Subsidiary (other than DCCPCS)
thereof (a) shall not be Solvent, (b) fails to pay its Debts generally as they
become due, (c) voluntarily seeks, consents to, or acquiesces in the benefit of
any Debtor Relief Law, other than as a creditor or claimant, or (d) becomes a
party to or is made the subject of any proceeding provided for by any Debtor
Relief Law, other than as a creditor or claimant, that could suspend or
otherwise adversely affect the Rights of Administrative Agent or any Lender
granted in the Loan Documents (unless, in the event such proceeding is
involuntary, the petition instituting same is dismissed within 30 days after its
filing).

     10.4. Judgments and Attachments. Any Loan Party or any Restricted
Subsidiary thereof fails, within 60 days after entry, to pay, bond, or otherwise
discharge any judgment or order for the payment of money in excess of
$10,000,000 (individually or collectively) or any warrant of attachment,
sequestration, or similar proceeding against any of their respective assets
having a value (individually or collectively) of $10,000,000 which is not stayed
on appeal.

     10.5. Government Action. (a) A final non-appealable order is issued by any
Governmental Authority, including, but not limited to, the FCC or the United
States Justice Department, seeking to cause any Loan Party or any Subsidiary
(other than DCCPCS) thereof to divest a significant portion of its assets
pursuant to any antitrust, restraint of trade, unfair competition, industry
regulation, or similar Laws, or (b) any Governmental Authority shall condemn,
seize, or otherwise appropriate, or take custody or control of all or any
substantial portion of the assets of any Loan Party or any Subsidiary (other
than DCCPCS) thereof.

     10.6. Misrepresentation. Any representation or warranty made by any Loan
Party contained herein or in any Loan Document shall at any time prove to have
been incorrect in any material respect when made.

     10.7. Change of Control. (a) Except as otherwise permitted pursuant to this
Agreement, Borrower ceases to own the percentage of the issued and outstanding
equity interests issued by its Subsidiaries as determined on the Effective Date
or, if thereafter acquired, on the date of the related Acquisition or Permitted
Asset Swap; (b) Communications ceases to own 100% of the voting control
(directly or indirectly) of Borrower; (c) Communications is engaged in any
business or activity other than holding 100% of the stock of Borrower and the
other Subsidiaries of Communications; (d) on any date of determination, Dobson
CC Limited Partnership, an Oklahoma limited partnership, ceases to own at least
35% of the total voting power of the then outstanding voting stock of
Communications or (e) any "person" or "group," within the meaning of Section
13(d) or 14(d)(2) of the Exchange Act, becomes the ultimate "beneficial owner,"
as defined in Rule 13d-3 under the Exchange Act, of more than 35% of the total
voting power of the Voting Stock of Communications on a fully diluted basis and
such ownership represents a greater percentage of the total voting power of the
Voting Stock of Communication, on a fully diluted basis, than is held by Everett
R. Dobson and his Affiliates on such date.

     10.8. Authorizations. (a) Any Authorization necessary for the ownership or
operations of any Loan Party or Subsidiary thereof shall expire, and on or prior
to such expiration, the same shall not have been renewed or replaced by another
Authorization authorizing substantially the same operations by such Loan Party;
(b) any Authorization necessary for the ownership or operations of any Loan
Party or Subsidiary thereof shall be canceled, revoked, terminated, rescinded,
annulled, suspended, or modified in a materially adverse respect, or shall no
longer be in full force and effect, or the grant or the effectiveness thereof
shall have been stayed, vacated, reversed, or set aside, (c) any Loan Party or
Subsidiary thereof is required by any Governmental Authority to halt
construction or operations under any Authorization and such action shall
continue uncorrected for thirty (30) days after the applicable entity has
received notice thereof; or (d) if any Governmental Authority shall make any
other final non-appealable determination the effect of which would be to affect
materially and adversely the operations of any Loan Party or Subsidiary thereof
as now conducted.

     10.9. Default Under other Debt and Agreements. (a) Any Loan Party fails to
pay when due (after lapse of any applicable grace periods) any Debt of such Loan
Party (other than the Obligation) in excess (individually or collectively) of
$1,000,000; (b) the acceleration of any Debt of any Loan Party or the occurrence
of any event or condition (which with notice or lapse of time) would enable the
holder of such Debt or any Person acting on behalf of such holder to accelerate
the maturing thereof, which Debt exceeds (individually or collectively)
$1,000,000; or (c) any default exists under any material written or oral
agreement, contract, commitment, or understanding to which a Loan Party is a
party.

     10.10. Validity and Enforceability of Loan Documents. Any Loan Document
shall, at any time after its execution and delivery and for any reason, cease to
be in full force and effect in any material respect or be declared to be null
and void (other than in accordance with the terms hereof or thereof) or the
validity or enforceability thereof be contested by any Loan Party party thereto
or any Loan Party shall deny in writing that it has any or any further liability
or obligations under any Loan Document to which it is a party.

     10.11. Material Adverse Effect. If any event or condition shall exist which
would reasonably be expected to be a Material Adverse Event.

     10.12. Environmental Liability. If any event or condition shall occur or
exist with respect to any activity or substance regulated under the
Environmental Law and as a result of such event or condition, any Loan Party or
any of their respective Subsidiaries shall have incurred or in the opinion of
the Required Lenders will be reasonably likely to incur a liability in excess of
$3,000,000 during any consecutive twelve (12) month period or $10,000,000 in the
aggregate from and after the Effective Date to any date of determination.

     10.13. Pledged Stock. If (a) Administrative Agent ceases to hold as
Collateral (for the benefit of Lenders) a perfected first priority Lien on (i)
all of the issued and outstanding shares of common stock issued by Borrower and
each other Person whose stock is required to be pledged to secure the Obligation
pursuant to the Loan Documents, and such failure is not cured within five
Business Days; or (b) any Collateral Document after delivery thereof pursuant to
Section 6 shall for any reason (other than pursuant to the terms thereof) cease
to create a valid and perfected first priority lien on and security interest in
the Collateral purported to be covered thereby, except as permitted under the
Loan Documents.

     10.14. Dissolution. Any Loan Party or Restricted Subsidiary thereof shall
dissolve, liquidate, or otherwise terminate its existence except as specifically
permitted by Section 9.24.

     10.15. Payment of Certain other Agreements. The payment directly or
indirectly (including, without limitation, any payment in respect of any sinking
fund, defeasance, redemption, or payment of any dividend or distribution) by any
Loan Party or any Subsidiary thereof of any amount of the Communications Bond
Debt, any Subordinated Debt, any Exchange Debenture, or the Preferred Stock in a
manner or at a time during which such payment is not permitted under the terms
of the Loan Documents, the Exchange Debenture Indenture, the Certificate of
Designation for any Preferred Stock, or under any instrument or document
evidencing or creating the Communications Bond Debt or Subordinated Debt,
including, without limitation, any subordination provisions set forth therein.

     10.16. Default or Acceleration under Certain other Agreements. (i) The
occurrence of any "Default" or "Event of Default" or other breach which remains
uncured on any date of determination under or with respect to the Communications
Bond Debt, the Exchange Debentures, any Preferred Stock, or any agreement
creating or evidencing any Subordinated Debt; (ii) the trustee with respect to,
or any holder of, the Communications Bond Debt, the Exchange Debentures, any
Preferred Stock, or any Subordinated Debt shall effectively declare all or any
portion of that Debt or obligation thereunder due and payable prior to the
stated maturity thereof; or (iii) the Subordinated Debt, the Communications Bond
Debt, or Indebtedness or obligations under the Exchange Debentures or any
Preferred Stock becomes due before its stated maturity by acceleration of the
maturity thereof.

     10.17. Redemption of Certain other Debt or Obligation. If an event shall
occur, including, without limitation, a "Change in Control" as defined in any
documents evidencing or creating the Communications Bond Debt, the Exchange
Debentures, any Preferred Stock, or any agreement evidencing or creating the
Subordinated Debt, and (i) the trustee or the holders of any such Debt or
obligation shall initiate notice to request or require (or any Loan Party shall
automatically be so required) to redeem or repurchase such Debt or obligation,
or (ii) any Loan Party shall initiate notice to holders of the Subordinated Debt
or the holders of any Communications Bond Debt, Preferred Stock, or Exchange
Debentures, in connection with a redemption of any Debt or obligation arising
under such agreements or instruments.

     10.18. DCCPCS LOAN. If the outstanding principal amount of DCCPCS Loan
shall at any time exceed $50,000,000.

                        Section 11. RIGHTS AND REMEDIES.

     11.1. Remedies Upon Default.

          (a) Debtor Relief. If a Default exists under Section 10.3(c) or
10.3(d), the commitment to extend credit hereunder shall automatically terminate
and the entire unpaid balance of the Obligation shall automatically become due
and payable without any action or notice of any kind whatsoever.

          (b) Other Defaults. If any Default exists, Administrative Agent may
(and, subject to the terms of Section 12, shall upon the request of Required
Lenders) or Required Lenders may, do any one or more of the following: (i) if
the maturity of the Obligation has not already been accelerated under Section
11.1(a), declare the entire unpaid balance of the Obligation, or any part
thereof, immediately due and payable, whereupon it shall be due and payable;
(ii) terminate the commitments of Lenders to extend credit hereunder; (iii)
reduce any claim to judgment; (iv) to the extent permitted by Law, exercise (or
request each Lender to, and each Lender shall be entitled to, exercise) the
Rights of offset or banker's Lien against the interest of each Loan Party in and
to every account and other property of any Loan Party which are in the
possession of Administrative Agent or any Lender to the extent of the full
amount of the Obligation (to the extent permitted by Law, each Loan Party being
deemed directly obligated to each Lender in the full amount of the Obligation
for such purposes); and (v) exercise any and all other legal or equitable Rights
afforded by the Loan Documents, the Laws of the State of New York, or any other
applicable jurisdiction as Administrative Agent or Required Lenders (as the case
may be) shall deem appropriate, or otherwise, including, but not limited to, the
Right to bring suit or other proceedings before any Governmental Authority
either for specific performance of any covenant or condition contained in any of
the Loan Documents or in aid of the exercise of any Right granted to
Administrative Agent or any Lender in any of the Loan Documents.

     11.2. Company Waivers. To the extent permitted by Law, the Loan Parties
hereby waive presentment and demand for payment, protest, notice of intention to
accelerate, notice of acceleration, and notice of protest and nonpayment, and
agree that their respective liability with respect to the Obligation (or any
part thereof) shall not be affected by any renewal or extension in the time of
payment of the Obligation (or any part thereof), by any indulgence, or by any
release or change in any security for the payment of the Obligation (or any part
thereof).

     11.3. Performance By Administrative Agent. If any covenant, duty, or
agreement of any Loan Party is not performed in accordance with the terms of the
Loan Documents, after the occurrence and during the continuance of a Default,
Administrative Agent may, at its option (but subject to the approval of Required
Lenders), perform or attempt to perform such covenant, duty, or agreement on
behalf of such Loan Party. In such event, any amount expended by Administrative
Agent in such performance or attempted performance shall be payable by the Loan
Parties, jointly and severally, to Administrative Agent on demand, shall become
part of the Obligation, and shall bear interest at the Default Rate from the
date of such expenditure by Administrative Agent until paid. Notwithstanding the
foregoing, it is expressly understood that Administrative Agent does not assume,
and shall never have, except by its express written consent, any liability or
responsibility for the performance of any covenant, duty, or agreement of any
Loan Party.

     11.4. Delegation of Duties and Rights. Lenders may perform any of their
duties or exercise any of their Rights under the Loan Documents by or through
their respective Representatives.

     11.5. Not in Control. Nothing in any Loan Document shall, or shall be
deemed to (a) give the Administrative Agent or any Lender the Right to exercise
control over the assets (including real property), affairs, or management of any
Loan Party or any Subsidiary thereof, (b) preclude or interfere with compliance
by any Loan Party or any Subsidiary thereof with any Law, or (c) require any act
or omission by any Loan Party or any Subsidiary thereof that may be harmful to
Persons or property. Any "Material Adverse Event" or other materiality qualifier
in any representation, warranty, covenant, or other provision of any Loan
Document is included for credit documentation purposes only and shall not, and
shall not be deemed to, mean that the Administrative Agent or any Lender
acquiesces in any non-compliance by any Loan Party or any Subsidiary thereof
with any Law or document, or that the Administrative Agent or any Lender does
not expect the Loan Parties and their respective Subsidiaries to promptly,
diligently, and continuously carry out all appropriate removal, remediation, and
termination activities required or appropriate in accordance with all
Environmental Laws. The Administrative Agent and the Lenders have no fiduciary
relationship with or fiduciary duty to any Loan Party or any Subsidiary thereof
arising out of or in connection with the Loan Documents, and the relationship
between the Administrative Agent and the Lenders, on the one hand, and Loan
Parties and their Subsidiaries, on the other hand, in connection with the Loan
Documents is solely that of debtor and creditor. The power of the Administrative
Agent and Lenders under the Loan Documents is limited to the Rights provided in
the Loan Documents, which Rights exist solely to assure payment and performance
of the Obligation and may be exercised in a manner calculated by the
Administrative Agent and Lenders in their respective good faith business
judgment.

     11.6. Course of Dealing. The acceptance by Administrative Agent or Lenders
at any time and from time to time of partial payment on the Obligation shall not
be deemed to be a waiver of any Default then existing. No waiver by
Administrative Agent, Required Lenders, or Lenders of any Default shall be
deemed to be a waiver of any other then-existing or subsequent Default. No delay
or omission by Administrative Agent, Required Lenders, or Lenders in exercising
any Right under the Loan Documents shall impair such Right or be construed as a
waiver thereof or any acquiescence therein, nor shall any single or partial
exercise of any such Right preclude other or further exercise thereof, or the
exercise of any other Right under the Loan Documents or otherwise.

     11.7. Cumulative Rights. All Rights available to Administrative Agent and
Lenders under the Loan Documents are cumulative of and in addition to all other
Rights granted to Administrative Agent and Lenders at law or in equity, whether
or not the Obligation is due and payable and whether or not Administrative Agent
or Lenders have instituted any suit for collection, foreclosure, or other action
in connection with the Loan Documents.

     11.8. Application of Proceeds. Any and all proceeds ever received by
Administrative Agent or Lenders from the exercise of any Rights pertaining to
the Obligation shall be applied to the Obligation in the order and manner set
forth in Section 3.12.

     11.9. Certain Proceedings. Each Loan Party will promptly execute and
deliver, or cause the execution and delivery of, all applications, certificates,
instruments, registration statements, and all other documents and papers
Administrative Agent or Lenders may reasonably request in connection with the
obtaining of any consent, approval, registration, qualification, permit,
license, or Authorization of any Governmental Authority or other Person
necessary or appropriate for the effective exercise of any Rights under the Loan
Documents. Because the Loan Parties agree that Administrative Agent's and
Lenders' remedies at Law for failure of the Loan Parties to comply with the
provisions of this Section would be inadequate and that such failure would not
be adequately compensable in damages, the Loan Parties agree that the covenants
of this Section may be specifically enforced.

     11.10. Limitation of Rights. Notwithstanding any other provision of any
Loan Document, any action taken or proposed to be taken by Administrative Agent
or any Lender under any Loan Document which would affect the operational,
voting, or other control of any Loan Party, shall be pursuant to Section 310(d)
of the Communications Act Of 1934 (as amended), any applicable state Law, and
the applicable rules and regulations thereunder and, if and to the extent
required thereby, subject to the prior consent of the FCC or any applicable PUC.

     11.11. Expenditures By Lenders. Borrower shall promptly pay within fifteen
(15) Business Days after request therefor (a) all reasonable costs, fees, and
expenses paid or incurred by Administrative Agent, incident to any Loan Document
(including, but not limited to, the reasonable fees and expenses of counsel to
Administrative Agent and the allocated cost of internal counsel in connection
with the negotiation, preparation, delivery, execution, coordination and
administration of the Loan Documents and any related amendment, waiver, or
consent) and (b) all reasonable costs and expenses of Lenders and Administrative
Agent incurred by Administrative Agent or any Lender in connection with the
enforcement of the obligations of any Loan Party arising under the Loan
Documents (including, without limitation, costs and expenses incurred in
connection with any workout or bankruptcy) or the exercise of any Rights arising
under the Loan Documents (including, but not limited to, reasonable attorneys'
fees including allocated cost of internal counsel, court costs and other costs
of collection), all of which shall be a part of the Obligation and shall bear
interest at the Default Rate from the date due until the date repaid.

     11.12. Indemnification. BORROWER AND EACH OTHER LOAN PARTY (BY EXECUTION OF
A GUARANTY) AGREES TO INDEMNIFY AND HOLD HARMLESS THE ADMINISTRATIVE AGENT, AND
EACH LENDER AND EACH OF THEIR RESPECTIVE AFFILIATES AND THEIR RESPECTIVE
OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ATTORNEYS, AND ADVISORS (EACH, AN
"INDEMNIFIED PARTY") FROM AND AGAINST ANY AND ALL CLAIMS, DAMAGES, LOSSES,
LIABILITIES (INCLUDING, WITHOUT LIMITATION, ANY ENVIRONMENTAL LIABILITIES),
COSTS, AND EXPENSES (INCLUDING, WITHOUT LIMITATION, REASONABLE ATTORNEYS' FEES)
THAT MAY BE INCURRED BY OR ASSERTED OR AWARDED AGAINST ANY INDEMNIFIED PARTY, IN
EACH CASE ARISING OUT OF OR IN CONNECTION WITH OR BY REASON OF (INCLUDING,
WITHOUT LIMITATION, IN CONNECTION WITH ANY INVESTIGATION, LITIGATION, OR
PROCEEDING OR PREPARATION OF DEFENSE IN CONNECTION THEREWITH) THE LOAN
DOCUMENTS, ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN OR THE ACTUAL OR PROPOSED
USE OF THE PROCEEDS OF THE BORROWINGS (INCLUDING ANY OF THE FOREGOING ARISING
FROM THE NEGLIGENCE OF THE INDEMNIFIED PARTY), EXCEPT TO THE EXTENT SUCH CLAIM,
DAMAGE, LOSS, LIABILITY, COST, OR EXPENSE IS FOUND IN A FINAL, NON- APPEALABLE
JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM SUCH
INDEMNIFIED PARTY'S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. IN THE CASE OF AN
INVESTIGATION, LITIGATION OR OTHER PROCEEDING TO WHICH THE INDEMNITY IN THIS
SECTION 11.12 APPLIES, SUCH INDEMNITY SHALL BE EFFECTIVE WHETHER OR NOT SUCH
INVESTIGATION, LITIGATION OR PROCEEDING IS BROUGHT BY THE BORROWER, ITS
DIRECTORS, SHAREHOLDERS OR CREDITORS OR AN INDEMNIFIED PARTY OR ANY OTHER PERSON
OR ANY INDEMNIFIED PARTY IS OTHERWISE A PARTY THERETO AND WHETHER OR NOT THE
TRANSACTIONS CONTEMPLATED HEREBY ARE CONSUMMATED. BORROWER AND EACH OTHER LOAN
PARTY (BY EXECUTION OF A GUARANTY) AGREE NOT TO ASSERT ANY CLAIM AGAINST ANY
INDEMNIFIED PARTY ON ANY THEORY OF LIABILITY, FOR SPECIAL, INDIRECT,
CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING OUT OF OR OTHERWISE RELATING TO THE
LOAN DOCUMENTS, ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN OR THE ACTUAL OR
PROPOSED USE OF THE PROCEEDS OF THE BORROWINGS. WITHOUT PREJUDICE TO THE
SURVIVAL OF ANY OTHER AGREEMENT OF THE BORROWER OR GUARANTORS HEREUNDER, THE
AGREEMENTS AND OBLIGATIONS OF THE LOAN PARTIES CONTAINED IN THIS SECTION 11.12
SHALL SURVIVE THE PAYMENT IN FULL OF THE BORROWINGS AND ALL OTHER AMOUNTS
PAYABLE UNDER THE LOAN DOCUMENTS.

                      Section 12. AGREEMENT AMONG LENDERS.

     12.1. Administrative Agent.

          (a) Appointment of Administrative Agent. Each Lender hereby appoints
LCPI (and LCPI hereby accepts such appointment) as its nominee and agent, in its
name and on its behalf: (i) to act as nominee for and on behalf of such Lender
in and under all Loan Documents; (ii) to arrange the means whereby the funds of
Lenders are to be made available to Borrower under the Loan Documents; (iii) to
take such action as may be requested by any Lender under the Loan Documents
(when such Lender is entitled to make such request under the Loan Documents and
after such requesting Lender has obtained the concurrence of such other Lenders
as may be required under the Loan Documents); (iv) to receive all documents and
items to be furnished to Lenders under the Loan Documents; (v) to timely
distribute, and Administrative Agent agrees to so distribute, to each Lender all
material information, requests, documents, and items received from Borrower
under the Loan Documents; (vi) to promptly distribute to each Lender its ratable
part of each payment or prepayment (whether voluntary, as proceeds of collateral
upon or after foreclosure, as proceeds of insurance thereon, or otherwise) in
accordance with the terms of the Loan Documents; (vii) to deliver to the
appropriate Persons requests, demands, approvals, and consents received from
Lenders; and (viii) to execute, on behalf of Lenders, such releases or other
documents or instruments as are permitted by the Loan Documents or as directed
by Lenders from time to time; provided, however, Administrative Agent shall not
be required to take any action which exposes Administrative Agent to personal
liability or which is contrary to the Loan Documents or applicable Law.

          (b) Resignation of Administrative Agent. Successor Administrative
Agents. Administrative Agent may resign at any time as Administrative Agent
under the Loan Documents by giving written notice thereof to Lenders and may be
removed as Administrative Agent under the Loan Documents at any time with cause
by Required Lenders. Should the initial or any successor Administrative Agent
ever cease to be a party hereto or should the initial or any successor
Administrative Agent ever resign or be removed as Administrative Agent, then
Required Lenders shall elect the successor Administrative Agent from among the
Lenders (other than the resigning Administrative Agent). If no successor
Administrative Agent shall have been so appointed by Required Lenders, within 30
days after the retiring Administrative Agent's giving of notice of resignation
or Required Lenders' removal of the retiring Administrative Agent, then the
retiring Administrative Agent may, on behalf of Lenders, appoint a successor
Administrative Agent, which shall be a commercial bank having a combined capital
and surplus of at least $1,000,000,000. Upon the acceptance of any appointment
as Administrative Agent under the Loan Documents by a successor Administrative
Agent, such successor Administrative Agent shall thereupon succeed to and become
vested with all the Rights of the retiring Administrative Agent, and the
retiring Administrative Agent shall be discharged from its duties and
obligations of Administrative Agent under the Loan Documents. After any retiring
Administrative Agent's resignation or removal as Administrative Agent under the
Loan Documents, the provisions of this Section 12 shall inure to its benefit as
to any actions taken or omitted to be taken by it while it was Administrative
Agent under the Loan Documents.

          (c) Administrative Agent as a Lender. Non-fiduciary. Administrative
Agent, in its capacity as a Lender, shall have the same Rights under the Loan
Documents as any other Lender and may exercise the same as though it were not
acting as Administrative Agent; the term "Lender" shall, unless the context
otherwise indicates, include Administrative Agent; and any resignation, or
removal of Administrative Agent hereunder shall not impair or otherwise affect
any Rights which it has or may have in its capacity as an individual Lender.
Each Lender and Borrower agree that Administrative Agent is not a fiduciary for
Lenders or for Borrower but simply is acting in the capacity described herein to
alleviate administrative burdens for both Borrower and Lenders, that
Administrative Agent has no duties or responsibilities to Lenders or Borrower
except those expressly set forth herein, and that Administrative Agent in its
capacity as a Lender has all Rights of any other Lender.

          (d) Other Activities of Administrative Agent. Administrative Agent and
its Affiliates may now or hereafter be engaged in one or more loan, letter of
credit, leasing, or other financing transactions with Borrower, act as trustee
or depositary for Borrower, or otherwise be engaged in other transactions with
Borrower (collectively, the "Other Activities") not the subject of the Loan
Documents. Without limiting the Rights of Lenders specifically set forth in the
Loan Documents, Administrative Agent and its Affiliates shall not be responsible
to account to Lenders for such other activities, and no Lender shall have any
interest in any other activities, any present or future guaranties by or for the
account of Borrower which are not contemplated or included in the Loan
Documents, any present or future offset exercised by Administrative Agent and
its Affiliates in respect of such other activities, any present or future
property taken as security for any such other activities, or any property now or
hereafter in the possession or control of Administrative Agent or its Affiliates
which may be or become security for the obligations of Borrower arising under
the Loan Documents by reason of the general description of indebtedness secured
or of property contained in any other agreements, documents or instruments
related to any such other activities; provided that, if any payments in respect
of such guaranties or such property or the proceeds thereof shall be applied to
reduction of the Obligation arising under the Loan Documents, then each Lender
shall be entitled to share in such application ratably.

     12.2. Expenses. Upon demand by Administrative Agent, each Lender shall pay
its ratable portion of any reasonable expenses (including, without limitation,
court costs, reasonable attorneys' fees, and other costs of collection) incurred
by Administrative Agent in connection with any of the Loan Documents if and to
the extent Administrative Agent does not receive reimbursement therefor from
other sources within 60 days after incurred; provided that, each Lender shall be
entitled to receive its ratable portion of any reimbursement for such expenses,
or part thereof, which Administrative Agent subsequently receives from such
other sources.

     12.3. Proportionate Absorption of Losses. Except as otherwise provided in
the Loan Documents, nothing in the Loan Documents shall be deemed to give any
Lender any advantage over any other Lender insofar as the Obligation arising
under the Loan Documents is concerned, or to relieve any Lender from absorbing
its ratable portion of any losses sustained with respect to the Obligation
(except to the extent such losses result from unilateral actions or inactions of
any Lender that are not made in accordance with the terms and provisions of the
Loan Documents).

     12.4. Delegation of Duties; Reliance. Administrative Agent may perform any
of its duties or exercise any of its Rights under the Loan Documents by or
through its Representatives. Administrative Agent and its Representatives shall
(a) be entitled to rely upon (and shall be protected in relying upon) any
writing, resolution, notice, consent, certificate, affidavit, letter, cablegram,
telecopy, telegram, telex or teletype message, statement, order, or other
documents or conversation believed by it or them to be genuine and correct and
to have been signed or made by the proper Person and, with respect to legal
matters, upon opinion of counsel selected by Administrative Agent, (b) be
entitled to deem and treat each Lender as the owner and holder of the Obligation
owed to such Lender for all purposes until, subject to Section 13.13, written
notice of the assignment or transfer thereof shall have been given to and
received by Administrative Agent (and any request, authorization, consent, or
approval of any Lender shall be conclusive and binding on each subsequent
holder, assignee, or transferee of the Obligation owed to such Lender or portion
thereof until such notice is given and received), (c) not be deemed to have
notice of the occurrence of a Default or Potential Default unless a responsible
officer of Administrative Agent, who handles matters associated with the Loan
Documents and transactions thereunder, has received written notice from a Lender
or Borrower and stating that such notice is a "Notice of Default," and (d) be
entitled to consult with legal counsel (including counsel for Borrower),
independent accountants, and other experts selected by Administrative Agent and
shall not be liable for any action taken or omitted to be taken in good faith by
it in accordance with the advice of such counsel, accountants or experts.

     12.5. Limitation of Liability.

          (a) General. The Administrative Agent nor any of its respective
Representatives shall be liable for any action taken or omitted to be taken by
it or them under the Loan Documents in good faith and reasonably believed by it
or them to be within the discretion or power conferred upon it or them by the
Loan Documents or be responsible for the consequences of any error of judgment,
except for fraud, gross negligence, or willful misconduct; and the
Administrative Agent or any of their respective Representatives has a fiduciary
relationship with any Lender by virtue of the Loan Documents (provided that,
nothing herein shall negate the obligation of Administrative Agent to account
for funds received by it for the account of any Lender).

          (b) Non-discretionary Actions. Indemnification. Unless indemnified to
its satisfaction against loss, cost, liability, and expense, the Administrative
Agent shall not be compelled to do any act under the Loan Documents or to take
any action toward the execution or enforcement of the powers thereby created or
to prosecute or defend any suit in respect of the Loan Documents. If
Administrative Agent requests instructions from Lenders or Required Lenders, as
the case may be, with respect to any act or action (including, but not limited
to, any failure to act) in connection with any Loan Document, Administrative
Agent shall be entitled (but shall not be required) to refrain (without
incurring any liability to any Person by so refraining) from such act or action
unless and until it has received such instructions. Except where action of
Required Lenders or all Lenders is required in the Loan Documents,
Administrative Agent may act hereunder in its own discretion without requesting
instructions. In no event, however, shall Administrative Agent or any of its
respective Representatives be required to take any action which it or they
determine could incur for it or them criminal or onerous civil liability.
Without limiting the generality of the foregoing, no Lender shall have any right
of action against Administrative Agent as a result of Administrative Agent's
acting or refraining from acting hereunder in accordance with the instructions
of Required Lenders (or all Lenders if required in the Loan Documents).

          (c) Independent Credit Decision. Administrative Agent shall not be
responsible in any manner to any Lender or any Participant for, and each Lender
represents and warrants that it has not relied upon Administrative Agent in
respect of, (i) the creditworthiness of any Loan Party and the risks involved to
such Lender, (ii) the effectiveness, enforceability, genuineness, validity, or
the due execution of any Loan Document, (iii) any representation, warranty,
document, certificate, report, or statement made therein or furnished thereunder
or in connection therewith, (iv) the existence, priority, or perfection of any
Lien hereafter granted or purported to be granted under any Loan Document, or
(v) observation of or compliance with any of the terms, covenants, or conditions
of any Loan Document on the part of any Loan Party. Each Lender agrees to
indemnify Administrative Agent and its respective Representatives and hold them
harmless from and against (but limited to such Lender's Pro Rata Part of) any
and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, reasonable expenses, and reasonable disbursements of
any kind or nature whatsoever which may be imposed on, asserted against, or
incurred by them in any way relating to or arising out of the Loan Documents or
any action taken or omitted by them under the Loan Documents (including any of
the foregoing arising from the negligence of administrative agent or its
representatives), to the extent Administrative Agent and its respective
Representatives are not reimbursed for such amounts by any Loan Party (provided
that, Administrative Agent, and its respective Representatives shall not have
the Right to be indemnified hereunder for its or their own fraud, gross
negligence, or willful misconduct).

     12.6. Default; Collateral.

          (a) Upon the occurrence and continuance of a Default, Lenders agree to
promptly confer in order that Required Lenders or Lenders, as the case may be,
may agree upon a course of action for the enforcement of the Rights of Lenders;
and Administrative Agent shall be entitled to refrain from taking any action
(without incurring any liability to any Person for so refraining) unless and
until Administrative Agent shall have received instructions from Required
Lenders. All Rights of action under the Loan Documents and all Rights to the
Collateral, if any, hereunder may be enforced by Administrative Agent and any
suit or proceeding instituted by Administrative Agent in furtherance of such
enforcement shall be brought in its name as Administrative Agent without the
necessity of joining as plaintiffs or defendants any other Lender, and the
recovery of any judgment shall be for the benefit of Lenders subject to the
expenses of Administrative Agent. In actions with respect to any property of
Borrower, Administrative Agent is acting for the ratable benefit of each Lender.
Any and all agreements to subordinate (whether made heretofore or hereafter)
other indebtedness or obligations of Borrower to the Obligation shall be
construed as being for the ratable benefit of each Lender.

          (b) Each Lender authorizes and directs Administrative Agent to enter
into the Collateral Documents for the benefit of the Lenders. Except to the
extent unanimity is required hereunder, each Lender agrees that any action taken
by the Required Lenders in accordance with the provisions of the Loan Documents,
and the exercise by the Required Lenders of the powers set forth herein or
therein, together with such other powers as are reasonably incidental thereto,
shall be authorized and binding upon all of the Lenders.

          (c) Administrative Agent is hereby authorized on behalf of all of the
Lenders, without the necessity of any notice to or further consent from any
Lender, from time to time to take any action with respect to any Collateral or
Collateral Documents which may be necessary to perfect and maintain perfected
the Liens upon the Collateral granted pursuant to the Collateral Documents.

          (d) Administrative Agent shall have no obligation whatsoever to any
Lender or to any other Person to assure that the Collateral exists or is owned
by any Loan Party or is cared for, protected, or insured or has been encumbered
or that the Liens granted to Administrative Agent herein or pursuant hereto have
been properly or sufficiently or lawfully created, perfected, protected, or
enforced, or are entitled to any particular priority, or to exercise at all or
in any particular manner or under any duty of care, disclosure, or fidelity, or
to continue exercising, any of the Rights granted or available to Administrative
Agent in this Section 12.6 or in any of the Collateral Documents; it being
understood and agreed that in respect of the Collateral, or any act, omission,
or event related thereto, Administrative Agent may act in any manner it may deem
appropriate, in its sole discretion, given Administrative Agent's own interest
in the Collateral as one of the Lenders and that Administrative Agent shall have
no duty or liability whatsoever to any Lender, other than to act without gross
negligence or willful misconduct.

          (e) Lenders hereby irrevocably authorize Administrative Agent, at its
option and in its discretion, to release any Lien granted to or held by
Administrative Agent upon any Collateral: (i) upon termination of the Total
Commitment and payment and satisfaction of the Obligation; (ii) constituting
property in which no Loan Party owned an interest at the time the Lien was
granted or at any time thereafter; (iii) constituting property leased to a Loan
Party under a lease which has expired or been terminated in a transaction
permitted under the Loan Document or is about to expire and which has not been,
and is not intended by such Loan Party to be, renewed; (iv) consisting of an
instrument evidencing Debt pledged to Administrative Agent (for the benefit of
Lenders), if the Debt evidenced thereby has been paid in full; (v) upon the
sale, transfer, or disposition of Collateral which is expressly permitted
pursuant to the Loan Documents, including, without limitation, under Section
9.22; (vi) as contemplated in Section 6.5, or (vii) if approved, authorized, or
ratified in writing by all necessary Lenders. Upon request by Administrative
Agent at any time, Lenders will confirm in writing Administrative Agent's
authority to release particular types or items of Collateral pursuant to this
Section 12.6.

          (f) In furtherance of the authorizations set forth in this Section
12.6, each Lender hereby irrevocably appoints Administrative Agent its
attorney-in-fact, with full power of substitution, for and on behalf of and in
the name of each such Lender, (i) to enter into Collateral Documents (including,
without limitation, any appointments of substitute trustees under any Collateral
Document), (ii) to take action with respect to the Collateral and Collateral
Documents to perfect, maintain, and preserve Lender's Liens, and (iii) to
execute instruments of release or to take other action necessary to release
Liens upon any Collateral to the extent authorized in paragraph (e) hereof. This
power of attorney shall be liberally, not restrictively, construed so as to give
the greatest latitude to Administrative Agent's power, as attorney, relative to
the Collateral matters described in this Section 12.6. The powers and
authorities herein conferred on Administrative Agent may be exercised by
Administrative Agent through any Person who, at the time of the execution of a
particular instrument, is an officer of Administrative Agent. The power of
attorney conferred by 93 this Section 12.6(f) is granted for valuable
consideration and is coupled with an interest and is irrevocable so long as the
Obligation, or any part thereof, shall remain unpaid or Lenders are obligated to
make any Borrowings under the Loan Documents.

     12.7. Limitation of Liability. To the extent permitted by Law, (a)
Administrative Agent (acting in their respective agent capacities) shall not
incur any liability to any other Lender or Participant except for acts or
omissions resulting from its own fraud, gross negligence or willful misconduct,
and (b) Administrative Agent, Lender, or Participant shall not incur any
liability to any other Person for any act or omission of any other Lender or
Participant.

     12.8. Relationship of Lenders. Nothing herein shall be construed as
creating a partnership or joint venture among the Administrative Agent and
Lenders.

     12.9. Benefits of Agreement. None of the provisions of this Section 12
shall inure to the benefit of any Loan Party or any other Person other than
Lenders; consequently, no Loan Party or any other Person shall be entitled to
rely upon, or to raise as a defense, in any manner whatsoever, the failure of
the Administrative Agent or any Lender to comply with such provisions.

     12.10. Intentionally Omitted.

     12.11. Obligations Several. The obligations of Lenders hereunder are
several, and each Lender hereunder shall not be responsible for the obligations
of the other Lenders hereunder, nor will the failure of one Lender to perform
any of its obligations hereunder relieve the other Lenders from the performance
of their respective obligations hereunder.

     12.12. Financial Hedges. To the extent any Lender or any Affiliate of a
Lender issues a Financial Hedge in accordance with the requirements of the Loan
Documents and accepts the benefits of the Liens in the Collateral arising
pursuant to the Collateral Documents, such Lender (for itself and on behalf of
any such Affiliates) agrees (i) to appoint LCPI, as its nominee and agent, to
act for and on behalf of such Lender or Affiliate thereof in connection with the
Collateral Documents and (ii) to be bound by the terms of this Section 12;
whereupon all references to "Lender" in this Section 12 and in the Collateral
Documents shall include, on any date of determination, any Lender or Affiliate
of a Lender that is party to a then-effective Financial Hedge which complies
with the requirements of the Loan Document. Additionally, if the Obligation owed
to any Lender or Affiliate of a Lender consists solely of Debt arising under a
Financial Hedge (such Lender or Affiliate being referred to in this Section
12.12 as an "Issuing Lender"), then such Issuing Lender (by accepting the
benefits of any Collateral Documents) acknowledges and agrees that pursuant to
the Loan Documents and without notice to or consent of such Issuing Lender: (i)
Liens in the Collateral may be released in whole or in part; (ii) all Guaranties
may be released; (iii) any Collateral Document may be amended, modified,
supplemented, or restated; and (iv) all or any part of the Collateral may be
permitted to secure other Debt.

     12.13. Successor Administrative Agent. LCPI has been appointed as the
Administrative Agent under the Loan Documents, as successor "Administrative
Agent" under the Existing Credit Agreement, and Administrative Agent hereby
assumes all duties of the "Secured Party" under the Collateral Documents. Any
reference to "Administrative Agent" or "Secured Party" under the Loan Documents
shall be deemed to be a reference to the Administrative Agent hereunder.

                           Section 13. MISCELLANEOUS.

     13.1. Headings. The headings, captions, and arrangements used in any of the
Loan Documents are, unless specified otherwise, for convenience only and shall
not be deemed to limit, amplify, or modify the terms of the Loan Documents, nor
affect the meaning thereof.

     13.2. Nonbusiness Days. In any case where any payment or action is due
under any Loan Document on a day which is not a Business Day, such payment or
action may be delayed until the next-succeeding Business Day, but interest and
fees shall continue to accrue in respect of any payment to which it is
applicable until such payment is in fact made.

     13.3. Communications. Unless specifically otherwise provided, whenever any
Loan Document requires or permits any consent, approval, notice, request, or
demand from one party to another, such communication must be in writing (which
may be by telex or telecopy) to be effective and shall be deemed to have been
given (a) if by telex, when transmitted to the telex number, if any, for such
party, and the appropriate answer back is received, (b) if by telecopy, when
transmitted to the telecopy number for such party (and all such communications
sent by telecopy shall be confirmed promptly thereafter by personal delivery or
mailing in accordance with the provisions of this section; provided, that any
requirement in this parenthetical shall not affect the date on which such
telecopy shall be deemed to have been delivered), (c) if by mail, on the third
Business Day after it is enclosed in an envelope, properly addressed to such
party, properly stamped, sealed, and deposited in the appropriate official
postal service, or (d) if by any other means, when actually delivered to such
party. Until changed by notice pursuant hereto, the address (and telex and
telecopy numbers, if any) for the Borrower and other Loan Parties and the
Administrative Agent are set forth below:

    The Borrower and other Loan Parties:    14201 Wireless Way
                                            Oklahoma City, OK 73134
                                            Attention:  Bruce R. Knooihuizen
                                                        Chief Financial Officer
                                                        Telecopy:  405 529 8515
                                                        Telephone:  405 529 8308

    The Administrative Agent:               Lehman Commercial Paper Inc.
                                            745 Seventh Avenue
                                            New York, New York 10019
                                            Attention:  Robert Berzins
                                                        Telecopy:  646 758 1906
                                                        Telephone:  212 526 3712

     A copy of each such communication to Borrower or any other Loan Party shall
also be sent to McAfee & Taft, 211 North Robinson, Suite 1000, Oklahoma City,
Oklahoma 73102, Fax: 405/235-2265, Attn: Richard Riggs.

     13.4. Form and Number of Documents. Each agreement, document, instrument,
or other writing to be furnished under any provision of the Loan Documents must
be in form and substance and in such number of counterparts as may be reasonably
satisfactory to Administrative Agent and its counsel.

     13.5. Exceptions to Covenants. No Loan Party shall take any action or fail
to take any action which is permitted as an exception to any of the covenants
contained in any Loan Document if such action or omission would result in the
breach of any other covenant contained in any of the Loan Documents.

     13.6. Survival. All covenants, agreements, undertakings, representations,
and warranties made in any of the Loan Documents shall survive all closings
under the Loan Documents and, except as otherwise indicated, shall not be
affected by any investigation made by any party. All Rights of, and provisions
relating to, reimbursement and indemnification of Administrative Agent or any
Lender (and any other provision of the Loan Documents that expressly provides
for such survival) shall survive termination of this Agreement and payment in
full of the Obligation.

     13.7. Governing Law. THE LOAN DOCUMENTS HAVE BEEN ENTERED INTO PURSUANT TO
SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND THE SUBSTANTIVE LAWS
OF THE STATE OF NEW YORK (EXCEPT TO THE EXTENT THE LAWS OF ANOTHER JURISDICTION
GOVERN THE CREATION, PERFECTION, VALIDITY, OR ENFORCEMENT OF LIENS UNDER THE
COLLATERAL DOCUMENTS), AND THE APPLICABLE FEDERAL LAWS OF THE UNITED STATES OF
AMERICA SHALL GOVERN THE VALIDITY, CONSTRUCTION, ENFORCEMENT AND INTERPRETATION
OF THE LOAN DOCUMENTS.

     13.8. Invalid Provisions. If any provision in any Loan Document is held to
be illegal, invalid, or unenforceable, such provision shall be fully severable;
the appropriate Loan Document shall be construed and enforced as if such
provision had never comprised a part thereof; and the remaining provisions
thereof shall remain in full force and effect and shall not be affected by such
provision or by its severance therefrom. Administrative Agent, Lenders, and each
Loan Party party to such Loan Document agree to negotiate, in good faith, the
terms of a replacement provision as similar to the severed provision as may be
possible and be legal, valid, and enforceable.

     13.9. ENTIRETY. THE RIGHTS AND OBLIGATIONS OF EACH LOAN PARTY, LENDERS, AND
ADMINISTRATIVE AGENT SHALL BE DETERMINED SOLELY FROM WRITTEN AGREEMENTS,
DOCUMENTS, AND INSTRUMENTS, AND ANY PRIOR ORAL AGREEMENTS BETWEEN SUCH PARTIES
ARE SUPERSEDED BY AND MERGED INTO SUCH WRITINGS. THIS AGREEMENT (AS AMENDED IN
WRITING FROM TIME TO TIME) AND THE OTHER WRITTEN LOAN DOCUMENTS EXECUTED BY ANY
LOAN PARTY, ANY LENDER, AND/OR ADMINISTRATIVE AGENT, (together with ALL
COMMITMENT LETTERS AND FEE LETTERS AS THEY RELATE TO THE PAYMENT OF FEES AFTER
THE EFFECTIVE DATE) REPRESENT THE FINAL AGREEMENT BETWEEN THE LOAN PARTIES,
LENDERS, AND ADMINISTRATIVE AGENT, AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS BY SUCH PARTIES. THERE ARE
NO UNWRITTEN ORAL AGREEMENTS BETWEEN SUCH PARTIES.

     13.10. JURISDICTION; VENUE; SERVICE OF PROCESS; JURY TRIAL. EACH PARTY
HERETO (INCLUDING EACH GUARANTOR BY EXECUTION OF A GUARANTY), IN EACH CASE FOR
ITSELF, ITS SUCCESSORS AND ASSIGNS, HEREBY (A) IRREVOCABLY SUBMITS TO THE
NONEXCLUSIVE JURISDICTION OF THE STATE (PURSUANT TO SECTION 5-1402 OF THE NEW
YORK GENERAL OBLIGATIONS LAW) AND FEDERAL COURTS LOCATED IN THE BOROUGH OF
MANHATTAN IN THE STATE OF NEW YORK, AND AGREES AND CONSENTS THAT SERVICE OF
PROCESS MAY BE MADE UPON IT IN ANY LEGAL PROCEEDING ARISING OUT OF OR IN
CONNECTION WITH THE LOAN DOCUMENTS AND THE OBLIGATION BY SERVICE OF PROCESS AS
PROVIDED BY NEW YORK LAW, (B) IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING
OF VENUE OF ANY LITIGATION ARISING OUT OF OR IN CONNECTION WITH THE LOAN
DOCUMENTS AND THE OBLIGATION BROUGHT IN ANY SUCH COURT, (C) IRREVOCABLY WAIVES
ANY CLAIMS THAT ANY LITIGATION BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM, (D) AGREES TO DESIGNATE AND MAINTAIN AN AGENT FOR SERVICE OF
PROCESS IN NEW YORK IN CONNECTION WITH ANY SUCH LITIGATION AND TO DELIVER TO
ADMINISTRATIVE AGENT EVIDENCE THEREOF, IF REQUESTED, (E) IRREVOCABLY CONSENTS TO
THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH
LITIGATION BY THE MAILING OF COPIES THEREOF BY CERTIFIED MAIL, RETURN RECEIPT
REQUESTED, POSTAGE PREPAID, AT ITS ADDRESS SET FORTH HEREIN, (F) IRREVOCABLY
AGREES THAT ANY LEGAL PROCEEDING AGAINST ANY PARTY HERETO ARISING OUT OF OR IN
CONNECTION WITH THE LOAN DOCUMENTS OR THE OBLIGATION SHALL BE BROUGHT IN ONE OF
THE AFOREMENTIONED COURTS, AND (G) IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY LAW, ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF
ACTION BASED UPON OR ARISING OUT OF ANY LOAN DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED THEREBY. The scope of each of the foregoing waivers is intended to
be all-encompassing of any and all disputes that may be filed in any court and
that relate to the subject matter of this transaction, including, without
limitation, contract claims, tort claims, breach of duty claims, and all other
common law and statutory claims. The Loan Parties and each other party to the
Loan Documents acknowledge that this waiver is a material inducement to the
agreement of each party hereto to enter into a business relationship, that each
has already relied on this waiver in entering into the Loan Documents, and each
will continue to rely on each of such waivers in related future dealings. The
Loan Parties and each other party to the Loan Documents warrant and represent
that they have reviewed these waivers with their legal counsel, and that they
knowingly and voluntarily agree to each such waiver following consultation with
legal counsel. THE WAIVERS IN THIS SECTION 13.10 ARE IRREVOCABLE, MEANING THAT
THEY MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THESE WAIVERS SHALL
APPLY TO ANY SUBSEQUENT AMENDMENTS, SUPPLEMENTS, AND REPLACEMENTS TO OR OF THIS
OR ANY OTHER LOAN DOCUMENT. In the event of Litigation, this Agreement may be
filed as a written consent to a trial by the court.

     13.11. Amendments, Consents, Conflicts, And Waivers.

          (a) Except as otherwise specifically provided, (i) this Agreement may
only be amended, modified, or waived by an instrument in writing executed
jointly by Borrower and Required Lenders, and, in the case of any matter
affecting Administrative Agent (EXCEPT removal of Administrative Agent as
provided in Section 12) by Administrative Agent, and may only be supplemented by
documents delivered or to be delivered in accordance with the express terms
hereof, and (ii) the other Loan Documents may only be the subject of an
amendment, modification, or waiver if Borrower and Required Lenders, and, in the
case of any matter affecting Administrative Agent (EXCEPT as set forth above),
Administrative Agent, have approved same.

          (b) Any amendment to the Loan Documents which purports to (i) change
the allocation of payments among the Revolver Facility or (ii) decrease the
amount of any mandatory payment or commitment reduction required by Section
3.3(b)(iii) (from Equity Issuance) or Section 3.3(c) (from Excess Cash Flow)
must be by an instrument in writing executed by Borrower and by the Revolver
Lenders holding at least 50.1% of the Revolver Commitment or, if there is no
remaining Revolver Commitment, 50.1% of the Revolver Principal Debt.

          (c) Except as provided in Section 13.11(b), any amendment to or
consent or waiver under any Loan Document which purports to accomplish any of
the following must be by an instrument in writing executed by Borrower and
executed (or approved, as the case may be) by each Lender affected thereby, and,
in the case of any matter affecting Administrative Agent, by Administrative
Agent: (i) postpones or delays any date fixed by the Loan Documents for any
payment or mandatory prepayment of all or any part of the Obligation payable to
such Lender or Administrative Agent; (ii) reduces the interest rate or decreases
the amount of any payment of principal, interest, fees, or other sums payable to
Administrative Agent or any such Lender hereunder (except such reductions as are
contemplated by this Agreement); (iii) changes the definition of "Required
Lenders" or this Section 13.11(c) or any other provisions of the Loan Documents
that require the unanimous consent of the Lenders; (iv) changes the order of
application of any payment or prepayment set forth in Sections 3.3 and 3.12 in
any manner that materially affects such Lender 97 or Administrative Agent; (v)
except as otherwise permitted by any Loan Document (including, without
limitation, Section 6.5), waives compliance with, amends, or releases all or
substantially all of the Guaranties; (vi) except as contemplated in Section 6.5,
releases all or substantially all of the Collateral for the Obligation or
permits the creation, incurrence, assumption, or existence of any Lien on all or
substantially all of the Collateral to secure any obligations, other than Liens
securing the Obligation and Permitted Liens; or (vi) changes this clause (c) or
any other matter specifically requiring the consent of all Lenders hereunder.
Without the consent of such Lender, no Lender's "Committed Sum" or "Commitment
Percentage" may be increased.

          (d) Any conflict or ambiguity between the terms and provisions of this
Agreement and terms and provisions in any other Loan Document shall be
controlled by the terms and provisions herein.

          (e) No course of dealing nor any failure or delay by Administrative
Agent, any Lender, or any of their respective Representatives with respect to
exercising any Right of Administrative Agent or any Lender hereunder shall
operate as a waiver thereof. A waiver must be in writing and signed by
Administrative Agent and Required Lenders (or by all Lenders, if required
hereunder) to be effective, and such waiver will be effective only in the
specific instance and for the specific purpose for which it is given.

     13.12. Multiple Counterparts. The Loan Documents may be executed in a
number of identical counterparts, each of which shall be deemed an original for
all purposes and all of which constitute, collectively, one agreement; but, in
making proof of any Loan Document, it shall not be necessary to produce or
account for more than one such counterpart. It is not necessary that each Lender
execute the same counterpart so long as identical counterparts are executed by
Borrower, each Lender, and Administrative Agent. This Agreement shall become
effective when counterparts hereof shall have been executed and delivered to
Administrative Agent by each Lender, Administrative Agent, and Borrower, or,
when Administrative Agent shall have received telecopied, telexed, or other
evidence satisfactory to it that such party has executed and is delivering to
Administrative Agent a counterpart hereof.

     13.13. Successors and Assigns; Assignments and Participations.

          (a) This Agreement shall be binding upon, and inure to the benefit of
the parties hereto and their respective successors and assigns, except that (i)
Borrower may not, directly or indirectly, assign or transfer, or attempt to
assign or transfer, any of its Rights, duties, or obligations under any Loan
Documents without the express written consent of all Lenders, and (ii) except as
permitted under this Section, no Lender may transfer, pledge, assign, sell any
participation in, or otherwise encumber its portion of the Obligation.

          (b) Each Lender may assign to one or more Eligible Assignees all or a
portion of its Rights and obligations under the Loan Documents (including,
without limitation, all or a portion of its Borrowings and its Revolver Notes --
to the extent any Principal Debt owed to such assigning Lender is evidenced by a
Revolver Note or Revolver Notes); provided, however, that:

               (i) each such assignment shall be to an Eligible Assignee;

               (ii) except in the case of an assignment to another Lender, an
          Affiliate of Lender or an Approved Fund of any Lender, or in the case
          of an assignment of all of a Lender's Rights and obligations under the
          Loan Documents, any such partial assignment under the Revolver
          Facility shall not be less than $2,500,000 (unless Administrative
          Agent and, unless a Default or Potential Default has occurred and is
          continuing, Borrower consent thereto (in their sole discretion) in
          writing which may be evidenced by their acceptance and execution of
          the related Assignment and Acceptance Agreement); provided that, no
          partial assignment for the Revolver Facility (including any assignment
          among Lenders) may result in any Lender holding less than $1,000,000
          in the Revolver Facility;

               (iii) each such assignment by a Lender shall be of a
          proportionate part of all of the assigning Lender's Rights and
          obligations under this Agreement and the Revolver Notes (to the extent
          any Principal Debt owed to such assigning Lender is evidenced by a
          Revolver Note or Revolver Notes), except that this clause (iii) shall
          not be construed to prohibit the assignment of a proportionate part of
          all of the assigning Lender's Rights and obligations in respect of the
          Revolver Facility;

               (iv) the parties to such assignment shall execute and deliver to
          Administrative Agent for its acceptance an Assignment and Acceptance
          Agreement substantially in the form of Exhibit F hereto, together with
          any Revolver Notes (to the extent any Principal Debt owed to such
          assigning Lender is evidenced by a Revolver Note or Revolver Notes)
          subject to such assignment and a processing fee of $3,500, including,
          without limitation, any assignment between Lenders; and

               (v) so long as any Lender is the Administrative Agent under this
          Agreement, such Lender (or an Affiliate of such Lender) shall retain
          an economic interest in the Loan Documents, will not assign all of its
          Rights, duties, or obligations under the Loan Documents, except to an
          Affiliate of such Lender, and will not enter into any Assignment and
          Acceptance Agreement that would have the effect of such Lender
          assigning all of its Rights, duties, or obligations under the Loan
          Documents to any Person other than an Affiliate of such Lender unless
          such Administrative Agent has relinquished such title in accordance
          with Section 12.1.

Upon execution, delivery, and acceptance of such Assignment and Acceptance
Agreement, the assignee thereunder shall be a party hereto and, to the extent of
such assignment, have the obligations, Rights, and benefits of a Lender under
the Loan Documents and the assigning Lender shall, to the extent of such
assignment, relinquish its Rights and be released from its obligations under the
Loan Documents. Upon the consummation of any assignment pursuant to this
Section, but only upon the request of the assignor or assignee made through
Administrative Agent, Borrower shall issue appropriate Revolver Notes to the
assignor and the assignee, reflecting such Assignment and Acceptance. If the
assignee is not incorporated under the laws of the United States of America or a
state thereof, it shall deliver to Borrower and Administrative Agent
certification as to exemption from deduction or withholding of Taxes in
accordance with Section 4.6.

          (c) Administrative Agent (acting solely for this administrative
purpose as an agent for Borrower) shall maintain at its address referred to in
Section 13.3 a copy of each Assignment and Acceptance Agreement delivered to and
accepted by it and a register for the recordation of the names and addresses of
the Lenders and the Commitment Percentage, and principal amount of the
Borrowings owing to, each Lender from time to time (the "Register"). The entries
in the Register shall be conclusive and binding for all purposes, absent
manifest error, and Borrower, Administrative Agent and the Lenders may treat
each Person whose name is recorded in the Register as a Lender hereunder for all
purposes of the Loan Documents. The Register shall be available for inspection
by Borrower or any Lender at any reasonable time and from time to time upon
reasonable prior notice. Upon the consummation of any assignment in accordance
with this Section 13.13, Schedule 2.1 shall automatically be deemed amended (to
the extent required) by Administrative Agent to reflect the name, address, and,
where appropriate, the respective Committed Sums under the Revolver Facility of
the assignor and assignee.

          (d) Upon its receipt of an Assignment and Acceptance Agreement
executed by the parties thereto, together with any Revolver Notes (to the extent
any Principal Debt owed to such assigning Lender is evidenced by a Revolver Note
or Revolver Notes) subject to such assignment and payment of the processing fee,
Administrative Agent shall, if such Assignment and Acceptance has been completed
and is in substantially the form of Exhibit F hereto, (i) accept such Assignment
and Acceptance Agreement, (ii) record the information contained therein in the
Register, and (iii) give prompt notice thereof to the parties thereto.

          (e) Subject to the provisions of this Section and in accordance with
applicable Law, any Lender may, in the ordinary course of its commercial banking
business and in accordance with applicable Law, at any time sell to one or more
Persons (other than Borrower or any Affiliate of Borrower) (each a
"Participant") participating interests in its portion of the Obligation. In the
event of any such sale to a Participant, (i) such Lender shall remain a "Lender"
under the Loan Documents and the Participant shall not constitute a "Lender"
hereunder, (ii) such Lender's obligations under the Loan Documents shall remain
unchanged, (iii) such Lender shall remain solely responsible for the performance
thereof, (iv) such Lender shall remain the holder of its share of the Principal
Debt for all purposes under the Loan Documents, (v) Borrower and Administrative
Agent shall continue to deal solely and directly with such Lender in connection
with such Lender's Rights and obligations under the Loan Documents, and (vi)
such Lender shall be solely responsible for any withholding Taxes or any filing
or reporting requirements relating to such participation and shall hold Borrower
and Administrative Agent and their respective successors, permitted assigns,
officers, directors, employees, agents, and representatives harmless against the
same. Participants shall have no Rights under the Loan Documents, other than
certain voting Rights as provided below. Subject to the following, each Lender
shall be entitled to obtain (on behalf of its Participants) the benefits of
Section 4 with respect to all participations in its part of the Obligation
outstanding from time to time, so long as Borrower shall not be obligated to pay
any amount in excess of the amount that would be due to such Lender under
Section 4 calculated as though no participations have been made. No Lender shall
sell any participating interest under which the Participant shall have any
Rights to approve any amendment, modification, or waiver of any Loan Document,
except to the extent such amendment, modification, or waiver extends the due
date for payment of any amount in respect of principal (other than mandatory
prepayments), interest, or fees due under the Loan Documents, reduces the
interest rate or the amount of principal or fees applicable to the Obligation
(except such reductions as are contemplated by the Loan Documents), or releases
all or any substantial portion of the Guaranties or all or any substantial
portion of the Collateral for the Obligation under the Loan Documents (except
such releases of Guaranties or Collateral as are contemplated in Section 6.5);
provided that, in those cases where a Participant is entitled to the benefits of
Section 4 or a Lender grants Rights to its Participants to approve amendments to
or waivers of the Loan Documents respecting the matters previously described in
this sentence, such Lender must include a voting mechanism in the relevant
participation agreement or agreements, as the case may be, whereby a majority of
such Lender's portion of the Obligation (whether held by such Lender or
Participant) shall control the vote for all of such Lender's portion of the
Obligation. Except in the case of the sale of a participating interest to
another Lender, the relevant participation agreement shall not permit the
Participant to transfer, pledge, assign, sell participations in, or otherwise
encumber its portion of the Obligation, unless the consent of the transferring
Lender (which consent will not be unreasonably withheld) has been obtained.

          (f) Notwithstanding any other provision set forth in this Agreement,
any Lender may, without notice to, or the consent of Borrower or Administrative
Agent, at any time assign and pledge all or any portion of its Borrowings and
its Revolver Notes (to the extent any Principal Debt owed to such assigning
Lender is evidenced by a Revolver Note or Revolver Notes) to any Federal Reserve
Bank as collateral security pursuant to Regulation A and any Operating Circular
issued by such Federal Reserve Bank or any Lender which is a fund may pledge all
or any portion of its Borrowings and its Revolver Notes (to the extent any
Principal Debt owed to such assigning Lender is evidenced by a Revolver Note or
Revolver Notes) to any trustee or to any other representative of holders of
obligations owed or securities issued by such fund as security for such
obligations or securities; provided that any transfer to any Person upon the
enforcement of such pledge or security interest may only be made subject to this
Section 13.13. No such assignment or pledge shall release the assigning Lender
from its obligations hereunder.

          (g) Any Lender may furnish any information concerning the Loan Parties
and Subsidiaries thereof in the possession of such Lender from time to time to
Eligible Assignees and Participants (including prospective Eligible Assignees
and Participants) and to counterparties under a Financial Hedge issued by a
Lender or an Affiliate of a Lender to the extent permitted by the Loan
Documents.

     13.14. Discharge only upon Payment in Full; Reinstatement in Certain
Circumstances. The obligations of each Loan Party under the Loan Documents shall
remain in full force and effect until termination of the Total Commitment,
payment in full of the Principal Debt and of all interest, fees, and other
amounts of the Obligation then due and owing, and expiration of all LCs, except
that Sections 4, 11, and 13, and any other provisions under the Loan Documents
expressly intended to survive by the terms hereof or by the terms of the
applicable Loan Documents, shall survive such termination. If at any time any
payment of the principal of or interest on any Revolver Note or any other amount
payable by any Loan Party under any Loan Document is rescinded or must be
otherwise restored or returned upon the insolvency, bankruptcy, or
reorganization of such Loan Party or otherwise, the obligations of each Loan
Party under the Loan Documents with respect to such payment shall be reinstated
as though such payment had been due but not made at such time.

     13.15. Restatement of Existing Credit Agreement/No Novation. The parties
hereto agree that, on the Effective Date, after all conditions precedent set
forth in Section 7.1 have been satisfied or waived: (a) the Obligation (as
defined herein) represents, among other things, the amendment, extension,
consolidation, and modification of the "Obligation" (as defined in each of the
Existing Credit Agreement); (b) this Agreement is intended to, and does hereby,
restate, consolidate, renew, extend, amend, modify, supersede, and replace the
Existing Credit Agreement in its entirety; (c) the Revolver Notes, if any,
executed pursuant to this Agreement amend, renew, extend, modify, replace,
substitute for, and supersede in their entirety (but do not extinguish, the Debt
arising under) the promissory Revolver Notes issued pursuant to the Existing
Credit Agreement, if any, which existing promissory notes shall be returned to
Administrative Agent promptly after the Effective Date, marked "canceled and
replaced," and, thereafter, delivered by Administrative Agent to Borrower; (d)
the Guaranties executed pursuant to this Agreement are intended to, and do
hereby, restate, renew, extend, amend, modify, supersede, and replace any
guaranties executed and delivered pursuant to the Existing Credit Agreement; (e)
the Security Agreements executed pursuant to this Agreement are intended to, and
do hereby, restate, renew, extend, amend, modify, supersede, and replace and
pledge or security agreements executed and delivered pursuant to the Existing
Credit Agreement; and (f) the entering into and performance of their respective
obligations under the Loan Documents and the transactions evidenced hereby do
not constitute a novation nor shall they be deemed to have terminated,
extinguished, or discharged the indebtedness under the Existing Credit Agreement
or the collateral security therefor, all of which indebtedness and collateral
security shall continue under and be governed by this Agreement and the other
Loan Documents.

                            [SIGNATURE PAGES FOLLOW]

<PAGE>

     Signature Page to that certain Second Amended, Restated, and Consolidated
Revolving Credit Agreement dated as of the date first stated above, among Dobson
Operating Co., L.L.C., as Borrower, LCPI as Administrative Agent, and certain
Lenders named therein.

     EXECUTED to be effective as of the Effective Date.

                          DOBSON OPERATING CO., L.L.C.

                          By:       RONALD L. RIPLEY
                             Name:  Ronald L. Ripley
                             Title: Co-Manager

                          LEHMAN COMMERCIAL PAPER INC.,
                            AS ADMINISTRATIVE AGENT AND AS LENDER

                          By:       G. ROBERT BERZINS
                             Name:  G. Robert Berzins
                             Title: Vice President

                          BEAR STEARNS CORPORATE LENDING INC.,
                            AS LENDER

                          By:       [ILLEGIBLE SIGNATURE]
                             Name:  [Illegible Signature]
                             Title:

                          MORGAN STANLEY SENIOR FUNDING, INC.,
                            AS LENDER

                          By:       TODD VANNUCCI
                             Name:  Todd Vannucci
                             Title: Executive Director

<PAGE>
                                  SCHEDULE 2.1

                             LENDERS AND COMMITMENTS

                                                      COMMITTED SUM UNDER
           LENDER                                    THE REVOLVER FACILITY

Lehman Commercial Paper Inc.                             $10,000,000

Bear Stearns Corporate Lending Inc.                      $10,000,000

Morgan Stanley Senior Funding, Inc.                      $10,000,000

<PAGE>
                                  SCHEDULE 7.1

                      CONDITIONS PRECEDENT TO EFFECTIVENESS

     This Agreement and the related Loan Documents shall not become effective
unless Administrative Agent has received all of the following (unless otherwise
indicated, all documents shall be dated as of September 26, 2003, and all terms
used with their initial letters capitalized are used herein with their meanings
as defined in the Agreement), each in form and substance satisfactory to the
Administrative Agent:

     1. This Agreement. This Agreement (together with all Schedules and Exhibits
thereto) executed by Borrower, each Lender and the Administrative Agent.

     2. Assignment of Revolver Commitments. The Revolver Commitments of the
Revolver Lenders constituting Required Lenders under the Existing Credit
Agreement shall have been assigned to LCPI in accordance with the Global
Assignment and Acceptance Agreement dated as of September 26, 2003 among LCPI
and each such Revolver Lender and LCPI shall have assigned one-third of such
assigned Revolver Commitments to BSCL and MSSF pursuant to an Assignment and
Acceptance Agreement.

     3. Agency and Collateral Assignment and Release. The Assignment and Release
Agreement dated as of September 26, 2003 executed by LCPI, Bank of America N.A.,
the Borrower and each Guarantor together with satisfaction of all conditions
specified therein.

     4. Communications New Bond Debt. Communications shall received gross
proceeds of $650,000,000 from the issuance of the New Bond Debt and made a
capital contribution and subordinated loan (which is subordinated to the
Obligation in accordance with Section 9.29(c)(i)) (as may be evidenced by a
certificate of an officer of the Borrower) to the Borrower in an amount
sufficient, when aggregated with available cash of the Borrower, to pay all
Loans and other amounts outstanding under the Existing Credit Agreement.

     5. Payment of Amounts under the Existing Credit Agreement. Payment of all
Loans, accrued interest, fees and expenses and all other amounts payable to the
Lenders and the Retiring Administrative Agent under the Existing Credit
Agreement pursuant to a pay-off letter from the Retiring Administrative Agent
addressed to the Borrower.

     6. Sources and Uses. A detailed statement of the sources and uses of all
funds to be received and applied by Communications and each of its applicable
Subsidiaries in connection with the proposed refinancing and repurchase of
certain outstanding Debt and preferred stock.

     7. Other Documents. Such other agreements, documents, instruments,
opinions, certificates, and evidences as Administrative Agent may reasonably
request.

<PAGE>
                                 SCHEDULE 7.3(a)

                    CONDITIONS PRECEDENT TO INITIAL BORROWING

     No Lender shall be obligated to advance the initial Borrowing on or after
the Effective Date unless Administrative Agent has received all of the following
(all terms used with their initial letters capitalized are used herein with
their meanings as defined in the Agreement), each in form and substance
satisfactory to the Administrative Agent:

     1. Revolver Notes. With respect to any Lender requesting Revolver Notes
pursuant to Section 3.1(b), each of the Revolver Notes, payable to the order of
each applicable Lender, as contemplated in Section 3.1(b).

     2. Guaranty and Security Confirmations. Confirmations (the "Confirmations")
executed by each of the Borrower, Communications, each Guarantor that each
Guaranty, Security Document and other Loan Document to which it is a party shall
continue in full force and effect with respect to the Obligations and the Credit
Agreement notwithstanding the amendment and restatement thereof.

     3.   (a) Organizational Documents. Copies of the Articles of Incorporation,
Certificate of Incorporation, or Articles of Organization and all amendments
thereto of Borrower, each Guarantor, and each Restricted Subsidiary of Borrower
(other than any Restricted Subsidiary or Guarantor that is a partnership), each
accompanied by a certificate that such copy is correct and complete, one dated a
Current Date (as used herein, the term "Current Date" means any date not more
than 30 days prior to the date of initial Borrowing on or after the Effective
Date), issued by the appropriate Governmental Authority of the jurisdiction of
organizations of each such entity, and one dated the Effective Date, executed by
the President, Vice President, General Manager, or Assistant General Manager (as
applicable) and the Secretary or Assistant Secretary of each such entity.

          (b) Bylaws/Operating Agreements. A copy of the Operating Agreement or
Bylaws, and all amendments thereto, of Borrower, each Guarantor, and each
Restricted Subsidiary of Borrower (other than any Restricted Subsidiary or
Guarantor that is a partnership), accompanied by a certificate that such copy is
correct and complete, dated the Effective Date, and executed by the President,
Vice President, General Manager, or Assistant General Manager (as applicable)
and the Secretary or Assistant Secretary of each such entity.

          (c) Good Standing and Authority. Certificates of the appropriate
Governmental Authorities of such jurisdictions as Administrative Agent may
designate, each dated a Current Date, to the effect that Borrower is in good
standing with respect to the payment of franchise and similar Taxes (to the
extent such information is available) and is duly qualified to transact business
in such jurisdiction.

          (d) Incumbency. Certificates of incumbency dated as of the Effective
Date with respect to all managers, officers, or partners of each Company and
Guarantor who will be authorized to execute or attest to any of the Loan
Documents on behalf of such Company or Guarantor.

          (e) Resolutions. Copies of resolutions duly adopted by the Board of
Managers or Board of Directors of each Company and Guarantor, approving this
Agreement and the other Loan Documents and authorizing the transactions
contemplated in such Loan Documents, accompanied by a certificate of the
Secretary or an Assistant Secretary of each such Company and Guarantor, dated as
of the Effective Date, certifying that such copy is a true and correct copy of
resolutions duly adopted at a meeting, or by the unanimous written consent, of
(if permitted by applicable Law and, if required by such Law, by its Bylaws or
Operating Agreement), the Board of Managers or Board of Directors of each such
Company and Guarantor, and that such resolutions constitute all the resolutions
adopted with respect to such transactions, have not been amended, modified, or
revoked in any respect, and are in full force and effect as of the Effective
Date.

     4.   (a) Opinion of Counsel to the Companies. An updated opinion of counsel
to the Companies and Guarantors, addressed to Administrative Agent and Lenders,
substantially in the form of Exhibit G-1.

          (b) Opinion of New York Counsel to the Companies. An updated opinion
of New York counsel to the Companies and Guarantors, addressed to Administrative
Agent and Lenders, substantially in the form of Exhibit G-2.

          (c) Opinion of Special Regulatory Counsel to the Companies. An updated
opinion of special regulatory counsel to the Companies, addressed to
Administrative Agent and Lenders, substantially in the form of Exhibit G-3.

          (d) Local Counsel Opinion. Such other updated opinions of local and
foreign counsel, addressed to Administrative Agent and Lenders, as
Administrative Agent may request, in the form reasonably requested by
Administrative Agent.

     5. Agency and Collateral Assignment and Release; Perfection of Liens. Bank
of America, N.A. and each Loan Party shall have satisfied all its respective
obligations required to be performed by LCPI under the Assignment and Release
Agreement dated as of September 26, 2003 executed by LCPI, Bank of America,
N.A., the Borrower and each Guarantor, together with satisfaction of all
conditions specified therein, including (without limitation) (i) delivery to the
Administrative Agent of executed UCC Assignments of all Financing Statements and
assignments of all intellectual property filings previously executed and
delivered by Borrower and each Guarantor as debtor, in favor of LCPI as
Administrative Agent, as secured party on behalf of Lenders, (ii) delivery to
Administrative Agent of all Possessory Collateral referred to therein, including
Pledged Shares and Collateral Notes (as such terms are defined in the Pledge,
Assignment, and Security Agreement), together with executed blank stock powers
for each Pledged Share certificate delivered and executed allonge endorsements
for each Collateral Note delivered, all in form acceptable to Administrative
Agent. LCPI as successor Administrative Agent shall (on behalf of the Lenders)
have the benefit of all Collateral Documents and Guarantees and shall be
satisfied that it has a first priority perfected Lien on all the Collateral.

     6. Consents, Filings, Etc. Evidence satisfactory to Administrative Agent
and its counsel that the Companies and Guarantors have received all approvals,
authorizations, consents, and waivers of any Governmental Authority or other
Person necessary or appropriate for the execution, delivery, and performance by
Borrower and any Guarantor of this Agreement and all other Loan Documents.

     7. Insurance. Evidence that the Collateral is insured (including flood
insurance) in such amounts, against such risks, with such deductibles, and with
such insurers as may be satisfactory to Administrative Agent with loss payable
to Administrative Agent, on behalf of Lenders, as their interests may appear,
together with certificates evidencing such insurance (containing a standard
mortgagee clause) with appropriate endorsements to satisfy Section 9.8 of the
Agreement.

     8. Updated Schedules. Updated versions of the Schedules 8.2, 8.3, 8.15,
9.13, 9.20 and 9.30 to the Credit Agreement, reflecting matters as of the date
of initial Borrowing made on or after the Effective Date, the accuracy of which
shall be represented and warranted by the Borrower and which updated Schedules
shall be in form and substance satisfactory to the Required Lenders.

     9. Other Documents. Such other agreements, documents, instruments,
opinions, certificates, and evidences as Administrative Agent may reasonably
request.================================================================================

                        DOBSON COMMUNICATIONS CORPORATION

                                  $650,000,000

                          8-7/8% SENIOR NOTES DUE 2013

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

                                    INDENTURE

                         Dated as of September 26, 2003

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

                     Bank of Oklahoma, National Association,
                                   as Trustee

================================================================================
<PAGE>
                                TABLE OF CONTENTS

ARTICLE 1.   DEFINITIONS AND INCORPORATION BY REFERENCE.......................1

  Section 1.01.   Definitions.................................................1
  Section 1.02.   Other Definitions..........................................19
  Section 1.03.   Incorporation by Reference of Trust Indenture Act..........19
  Section 1.04.   Rules of Construction......................................19

ARTICLE 2.   THE NOTES.......................................................20

  Section 2.01.   Form and Dating............................................20
  Section 2.02.   Execution and Authentication...............................21
  Section 2.03.   Registrar and Paying Agent.................................21
  Section 2.04.   Paying Agent to Hold Money in Trust........................22
  Section 2.05.   Holder Lists...............................................22
  Section 2.06.   Transfer and Exchange......................................22
  Section 2.07.   Replacement Notes..........................................32
  Section 2.08.   Outstanding Notes..........................................33
  Section 2.09.   Treasury Notes.............................................33
  Section 2.10.   Temporary Notes............................................33
  Section 2.11.   Cancellation...............................................33
  Section 2.12.   Defaulted Interest.........................................34
  Section 2.13.   CUSIP and ISIN Numbers.....................................34

ARTICLE 3.   REDEMPTION AND PREPAYMENT.......................................34

  Section 3.01.   Notices to Trustee.........................................34
  Section 3.02.   Selection of Notes to Be Redeemed..........................34
  Section 3.03.   Notice of Redemption.......................................35
  Section 3.04.   Effect of Notice of Redemption.............................35
  Section 3.05.   Deposit of Redemption Price................................36
  Section 3.06.   Notes Redeemed in Part.....................................36
  Section 3.07.   Optional Redemption........................................36
  Section 3.08.   Mandatory Redemption.......................................37
  Section 3.09.   Offer to Purchase..........................................37

ARTICLE 4.   COVENANTS.......................................................39

  Section 4.01.   Payment of Notes...........................................39
  Section 4.02.   Maintenance of Office or Agency............................39
  Section 4.03.   Reports....................................................39
  Section 4.04.   Compliance Certificate.....................................40
  Section 4.05.   Taxes......................................................40
  Section 4.06.   Stay, Extension and Usury Laws.............................41
  Section 4.07.   Restricted Payments........................................41
  Section 4.08.   Dividend and Other Payment Restrictions
                    Affecting Subsidiaries...................................43
  Section 4.09.   Incurrence of Indebtedness.................................45
  Section 4.10.   Issuance of Guarantees by Restricted Subsidiaries..........46
  Section 4.11.   Asset Sales................................................47
  Section 4.12.   Transactions with Affiliates...............................48
  Section 4.13.   Liens......................................................49
  Section 4.14.   Corporate Existence........................................49
  Section 4.15.   Offer to Repurchase Upon Change of Control.................49
  Section 4.16.   Limitations on Line of Business............................50
  Section 4.17.   Payments for Consent.......................................50
  Section 4.18.   Issuance and Sale of Capital Stock of
                    Restricted Subsidiaries..................................50
  Section 4.19.   Sale and Leaseback Transactions............................50

ARTICLE 5.   SUCCESSORS......................................................51

  Section 5.01.   Merger, Consolidation, or Sale of Assets...................51
  Section 5.02.   Successor Person Substituted...............................51

ARTICLE 6.   DEFAULTS AND REMEDIES...........................................52

  Section 6.01.   Events of Default..........................................52
  Section 6.02.   Acceleration...............................................53
  Section 6.03.   Other Remedies.............................................53
  Section 6.04.   Waiver of Past Defaults....................................54
  Section 6.05.   Control by Majority........................................54
  Section 6.06.   Limitation on Suits........................................54
  Section 6.07.   Rights of Holders to Receive Payment.......................54
  Section 6.08.   Collection Suit by Trustee.................................55
  Section 6.09.   Trustee May File Proofs of Claim...........................55
  Section 6.10.   Priorities.................................................55
  Section 6.11.   Undertaking for Costs......................................56
  Section 6.12.   Restoration of Rights and Remedies.........................56
  Section 6.13.   Rights and Remedies Cumulative.............................56
  Section 6.14.   Delay or Omission Not Waiver...............................56

ARTICLE 7.   TRUSTEE.........................................................56

  Section 7.01.   Duties of Trustee..........................................56
  Section 7.02.   Rights of Trustee..........................................57
  Section 7.03.   Individual Rights of Trustee...............................58
  Section 7.04.   Trustee's Disclaimer.......................................58
  Section 7.05.   Notice of Defaults.........................................58
  Section 7.06.   Reports by Trustee to Holders..............................58
  Section 7.07.   Compensation and Indemnity.................................58
  Section 7.08.   Replacement of Trustee.....................................59
  Section 7.09.   Successor Trustee by Merger, etc...........................60
  Section 7.10.   Eligibility; Disqualification..............................60
  Section 7.11.   Preferential Collection of Claims Against Company..........60

ARTICLE 8.   LEGAL DEFEASANCE AND COVENANT DEFEASANCE........................60

  Section 8.01.   Option to Effect Legal Defeasance or Covenant Defeasance...60
  Section 8.02.   Legal Defeasance and Discharge.............................61
  Section 8.03.   Covenant Defeasance........................................61
  Section 8.04.   Conditions to Legal or Covenant Defeasance.................61
  Section 8.05.   Deposited Money and Government Securities to Be Held
                    in Trust; Other Miscellaneous Provisions.................62
  Section 8.06.   Repayment to Company.......................................63
  Section 8.07.   Reinstatement..............................................63

ARTICLE 9.   AMENDMENT, SUPPLEMENT AND WAIVER................................63

  Section 9.01.   Without Consent of Holders.................................63
  Section 9.02.   With Consent of Holders....................................64
  Section 9.03.   Compliance with Trust Indenture Act........................65
  Section 9.04.   Revocation and Effect of Consents..........................65
  Section 9.05.   Notation on or Exchange of Notes...........................65
  Section 9.06.   Trustee to Sign Amendments, etc............................65

ARTICLE 10.  SATISFACTION AND DISCHARGE......................................65

  Section 10.01.  Satisfaction and Discharge of Indenture....................65
  Section 10.02.  Application of Trust Money.................................66

ARTICLE 11.   MISCELLANEOUS..................................................67

  Section 11.01.  Trust Indenture Act Controls...............................67
  Section 11.02.  Notices....................................................67
  Section 11.03.  Communication by Holders with Other Holders................68
  Section 11.04.  Certificate and Opinion as to Conditions Precedent.........68
  Section 11.05.  Statements Required in Certificate or Opinion..............68
  Section 11.06.  Rules by Trustee and Agents................................68
  Section 11.07.  No Personal Liability of Directors, Officers,
                    Employees and Stockholders...............................69
  Section 11.08.  Governing Law..............................................69
  Section 11.09.  No Adverse Interpretation of Other Agreements..............69
  Section 11.10.  Successors.................................................69
  Section 11.11.  Severability...............................................69
  Section 11.12.  Counterpart Originals......................................69
  Section 11.13.  Table of Contents, Headings, etc...........................69

EXHIBITS

Exhibit A   FORM OF NOTE
Exhibit B   FORM OF CERTIFICATE OF TRANSFER
Exhibit C   FORM OF CERTIFICATE OF EXCHANGE
Exhibit D   FORM OF CERTIFICATE FROM ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR
<PAGE>

     This INDENTURE dated as of September 26, 2003 between Dobson Communications
Corporation, an Oklahoma corporation (the "Company") and Bank of Oklahoma,
National Association, as Trustee (the "Trustee").

     The Company and the Trustee agree as follows for the benefit of each other
and for the equal and ratable benefit of the Holders of the 8-7/8% Senior Notes
due 2013 (together with the Exchange Notes and any Additional Notes that may be
issued in the future in accordance with Section 2.01(d), the "Notes"):

                                   ARTICLE 1.

                   DEFINITIONS AND INCORPORATION BY REFERENCE

SECTION 1.01. DEFINITIONS.

     "144A Global Note" means a global note in substantially the form of Exhibit
A hereto bearing the Global Note Legend and the Private Placement Legend and
deposited with or on behalf of, and registered in the name of, the Depositary or
its nominee that shall be issued in a denomination equal to the outstanding
principal amount of the Notes sold in reliance on Rule 144A.

     "Acquired Indebtedness" means Indebtedness of a Person existing at the time
such Person becomes a Restricted Subsidiary or merges with or into the Company
or which is assumed in connection with an Asset Acquisition by a Restricted
Subsidiary or by the Company and not incurred in connection with, or in
anticipation of, such Person becoming a Restricted Subsidiary or such Asset
Acquisition. The term "Acquired Indebtedness" does not include Indebtedness of a
Person which is redeemed, defeased, retired or otherwise repaid at the time of
or immediately upon consummation of the transactions by which such Person
becomes a Restricted Subsidiary or merges with or into the Company or such Asset
Acquisition.

     "Additional Interest" has the meaning set forth in the Registration Rights
Agreement.

     "Additional Notes" means any additional Notes that the Company may issue
pursuant to Section 2.01 of this Indenture.

     "Adjusted Consolidated Net Income" means, for any period, the aggregate
consolidated net income (or loss) of the Company and its Restricted Subsidiaries
for such period determined in conformity with GAAP; provided that the following
items shall be excluded in computing Adjusted Consolidated Net Income, without
duplication:

          (1) the net income of any Person other than net income attributable to
     a Restricted Subsidiary in which any Person other than the Company or any
     of its Restricted Subsidiaries has a joint interest and the net income of
     any Unrestricted Subsidiary, except to the extent of the amount of
     dividends or other distributions actually paid to the Company or any of its
     Restricted Subsidiaries by such other Person or such Unrestricted
     Subsidiary during such period;

          (2) solely for the purposes of calculating the amount of Restricted
     Payments that may be made pursuant to Section 4.07(a) (and in such case,
     except to the extent includable pursuant to clause (1) above), the net
     income or loss of any Person accrued prior to the date it becomes a
     Restricted Subsidiary or is merged into or consolidated with the Company or
     any of its Restricted Subsidiaries or all or substantially all of the
     property and assets of such Person are acquired by the Company or any of
     its Restricted Subsidiaries;

          (3) except in the case of any restriction or encumbrance permitted
     under Section 4.08, the net income of any Restricted Subsidiary to the
     extent that the declaration or payment of dividends or similar
     distributions by such Restricted Subsidiary of such net income is not at
     the time permitted by the operation of the terms of its charter or any
     agreement, instrument, judgment, decree, order, statute, rule or
     governmental regulation applicable to such Restricted Subsidiary;

          (4) any gains or losses on an after-tax basis attributable to Asset
     Dispositions; and

          (5) all extraordinary gains and extraordinary losses, net of tax.

     "Adjusted Consolidated Net Tangible Assets" means the total amount of
assets of the Company and its Restricted Subsidiaries (less applicable
depreciation, amortization and other valuation reserves), except to the extent
resulting from write-ups of capital assets (excluding write-ups in connection
with accounting for acquisitions in conformity with GAAP), after deducting
therefrom

          (1) all current liabilities of the Company and its Restricted
     Subsidiaries (excluding intercompany items) and

          (2) all goodwill, trade names, trademarks, patents, unamortized debt
     discount and expense and other like intangibles (other than FCC license
     acquisition costs), all as set forth on the most recent quarterly or annual
     consolidated balance sheet of the Company and its Restricted Subsidiaries,
     prepared in conformity with GAAP and filed with the Commission pursuant to
     Section 4.03.

     "Affiliate" means, as applied to any Person, any other Person directly or
indirectly controlling, controlled by, or under direct or indirect common
control with, such Person. For purposes of this definition, "control"
(including, with correlative meanings, the terms "controlling," "controlled by"
and "under common control with"), as applied to any Person, means 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.

     "Agent" means any Registrar, Paying Agent or co-registrar.

     "Applicable Premium" means, with respect to a Note at any redemption date,
the greater of (i) 1.0% of the principal amount of such Note and (ii) the excess
of (A) the present value at such time of (1) the redemption price of such Note
at October 1, 2008 plus (2) all required interest payments due on such Note
through October 1, 2008, computed using a discount rate equal to the Treasury
Rate plus 50 basis points, over (B) the principal amount of such Note.

     "Applicable Procedures" means, with respect to any transfer or exchange of
or for beneficial interests in any Global Note, the rules and procedures of the
Depositary that apply to such transfer or exchange.

     "Asset Acquisition" means:

          (1) an Investment by the Company or any of its Restricted Subsidiaries
     in any other Person pursuant to which such Person shall become a Restricted
     Subsidiary or shall be merged into or consolidated with the Company or any
     of its Restricted Subsidiaries but only if such Person's primary business
     is related, ancillary or complementary to the businesses of the Company and
     its Restricted Subsidiaries on the date of such Investment, or

          (2) an acquisition by the Company or any of its Restricted
     Subsidiaries of the property and assets of any Person other than the
     Company or any of its Restricted Subsidiaries that constitute all or
     substantially all of a division, operating unit or line of business of such
     Person but only if the property and assets acquired are related, ancillary
     or complementary to the businesses of the Company and its Restricted
     Subsidiaries on the date of such acquisition.

     "Asset Disposition" means the sale or other disposition by the Company or
any of its Restricted Subsidiaries other than to the Company or another
Restricted Subsidiary of

          (1) all or substantially all of the Capital Stock of any Restricted
     Subsidiary, or

          (2) all or substantially all of the assets that constitute a division,
     operating unit or line of business of the Company or any of its Restricted
     Subsidiaries.

     "Asset Sale" means any sale, transfer or other disposition (including by
way of merger, consolidation or sale-leaseback transaction) in one transaction
or a series of related transactions by the Company or any of its Restricted
Subsidiaries to any Person other than the Company or any of its Restricted
Subsidiaries of:

          (1) all or any of the Capital Stock of any Restricted Subsidiary,

          (2) all or substantially all of the property and assets of a division,
     operating unit or line of business of the Company or any of its Restricted
     Subsidiaries, or

          (3) any other property and assets of the Company or any of its
     Restricted Subsidiaries outside the ordinary course of business of the
     Company or such Restricted Subsidiary and, in each case, that is not
     governed by Section 5.01;

          provided, however that the term "Asset Sale" shall not include:

          (1) any single transaction or series of related transactions that
     involves assets having a Fair Market Value of less than $10.0 million,

          (2) sales, transfers or other dispositions of inventory, receivables
     and other current assets in the ordinary course,

          (3) sales, transfers or other dispositions of assets, including
     Capital Stock of Restricted Subsidiaries, for consideration at least equal
     to the Fair Market Value of the assets sold or disposed of, but only if the
     consideration received consists of Capital Stock of a Person that becomes a
     Restricted Subsidiary engaged in, or property or assets (other than cash,
     except to extent used as a bona fide means of equalizing the value of the
     property or assets involved in the swap transaction) of a nature or type or
     that are used in, a Permitted Business on the date of such sale or other
     disposition,

          (4) sales, transfers or other dispositions of assets constituting a
     Permitted Investment or Restricted Payment permitted to be made under
     Section 4.07;

          (5) sales, transfers or other dispositions of assets, including
     issuances of Capital Stock, between or among the Company and/or its
     Restricted Subsidiaries; or the sale or other disposition of cash or Cash
     Equivalents.

     "Attributable Debt" in respect of a sale and leaseback transaction means,
at the time of determination, the present value, discounted at the rate of
interest implicit in the transaction, determined in accordance with GAAP, of the
obligation of the lessee for net rental payments during the remaining term of
the lease included in such sale and leaseback transaction, including any period
for which the lease has been extended or may, at the option of the lessor, be
extended.

     "Average Life" means, at any date of determination with respect to any debt
security, the quotient obtained by dividing

          (1) the sum of the products of

               (a) the number of years from such date of determination to the
          dates of each successive scheduled principal payment of such debt
          security and

               (b) the amount of such principal payment by

          (2) by the sum of all such principal payments.

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

     "Board of Directors" means (1) with respect to a corporation, the board of
directors of the corporation; (2) with respect to a partnership, the board of
directors of the general partner of the partnership; and (3) with respect to any
other Person, the board or committee of such Person serving a similar function.

     "Board Resolution" means a copy of a resolution, certified by the Secretary
or Assistant Secretary to have been duly adopted by the Board of Directors and
to be in full force and effect on the date of such certification, and delivered
to the Trustee.

     "Broker Dealer" has the meaning set forth in the Registration Rights
Agreement.

     "Business Day" means any day other than a Legal Holiday.

     "Capital Stock" means, with respect to any Person, any and all shares,
interests, participations or other equivalents (however designated, whether
voting or non-voting) in equity of such Person, including, without limitation,
all Common Stock and Preferred Shares.

     "Capitalized Lease" means, as applied to any Person, any lease of any
property (whether real, personal or mixed) of which the discounted present value
of the rental obligations of such Person as lessee, in conformity with GAAP, is
required to be capitalized on the balance sheet of such Person.

     "Capitalized Lease Obligations" means the discounted present value of the
rental obligations under a Capitalized Lease.

     "Cash Equivalents" means any of the following:

          (1) direct obligations of the United States of America or any agency
     thereof or obligations fully and unconditionally guaranteed by the United
     States of America or any agency thereof, having maturities of not more than
     one year from the date of acquisition,

          (2) time deposit accounts, certificates of deposit and money market
     deposits maturing within 180 days of the date of acquisition thereof issued
     by a bank or trust company which is organized under the laws of the United
     States of America, any state thereof or any foreign country recognized by
     the United States, and which bank or trust company has capital, surplus and
     undivided profits aggregating in excess of $50.0 million or the foreign
     currency equivalent thereof and has outstanding debt which is rated "A" or
     such similar equivalent rating or higher by at least one nationally
     recognized statistical rating organization as defined in Rule 436 under the
     Securities Act or any money-market fund sponsored by a registered broker
     dealer or mutual fund distributor,

          (3) repurchase obligations with a term of not more than 30 days for
     underlying securities of the types described in clause (1) above entered
     into with a bank meeting the qualifications described in clause (2) above,

          (4) commercial paper, maturing not more than 90 days after the date of
     acquisition, issued by a corporation other than an Affiliate of the Company
     son organized and in existence under the laws of the United States of
     America, any state thereof or any foreign country recognized by the United
     States of America with a rating at the time as of which any investment
     therein is made of "P-1" or higher according to Moody's or "A-1" or higher
     according to S&P, and

          (5) securities with maturities of six months or less from the date of
     acquisition issued or fully and unconditionally guaranteed by any state,
     commonwealth or territory of the United States of America, or by any
     political subdivision or taxing authority thereof, and rated at least "A"
     or such similar equivalent or higher rating by S&P or Moody's.

     "Change of Control" means:

          (1) any "person" or "group", within the meaning of Section 13(d) of
     14(d)(2) of the Exchange Act, becomes the ultimate "beneficial owner", as
     defined in Rule 13d-3 under the Exchange Act, of more than 50% of the total
     voting power of the Voting Stock of the Company on a fully diluted basis;

          (2) individuals who on the Issue Date constituted the Board of
     Directors, together with any new directors whose election by the Board of
     Directors or whose nomination for election by the Company's stockholders
     was approved by a vote of at least a majority of the members of the Board
     of Directors then in office who either were members of the Board of
     Directors on the Issue Date or whose election or nomination for election
     was previously so approved, cease for any reason to constitute a majority
     of the members of the Board of Directors then in office;

          (3) the sale, lease, transfer, conveyance or other disposition (other
     than by way of merger or consolidation), in one or a series of related
     transactions, of all or substantially all the combined assets of the
     Company and its Restricted Subsidiaries, taken as a whole, to any Person
     other than a Wholly Owned Restricted Subsidiary or the Controlling
     Stockholder or any Affiliate thereof; or

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

     "Change of Control Triggering Event" means the occurrence of both a Change
of Control and a Ratings Decline with respect to the Notes.

     "Clearstream" means Clearstream Banking, S.A., and any and all successors
thereto.

     "Commission" means the Securities and Exchange Commission.

     "Common Stock" means, with respect to any Person, any and all shares,
interests, participations or other equivalents (however designated, whether
voting or non-voting) of such Person's equity, other than Preferred Shares of
such Person, whether now outstanding or issued after the Issue Date, including
without limitation, all series and classes of such Common Stock.

     "Company" means Dobson Communications Corporation, an Oklahoma corporation,
and any and all successors thereto.

     "Consolidated EBITDA" means, for any period, Adjusted Consolidated Net
Income for such period plus, to the extent such amount was deducted in
calculating Adjusted Consolidated Net Income

          (1) Consolidated Interest Expense,

          (2) income taxes, other than income taxes (either positive or
     negative) attributable to extraordinary and non-recurring gains or losses
     or sales of assets,

          (3) depreciation expense,

          (4) amortization expense, and

          (5) all other non-cash items reducing Adjusted Consolidated Net Income
     other than items that will require cash payments and for which an accrual
     or reserve is, or is required by GAAP to be, made, less all non-cash items
     increasing Adjusted Consolidated Net Income, all as determined on a
     consolidated basis for the Company and its Restricted Subsidiaries in
     conformity with GAAP;

provided that if any Restricted Subsidiary is not a Wholly Owned Restricted
Subsidiary, Consolidated EBITDA shall be reduced to the extent not otherwise
reduced in accordance with GAAP by an amount equal to the amount of the Adjusted
Consolidated Net Income attributable to such Restricted Subsidiary multiplied by
the quotient of

          (1) the number of shares of outstanding Common Stock of such
     Restricted Subsidiary not owned on the last day of such period by the
     Company or any of its Restricted Subsidiaries, divided by

          (2) the total number of shares of outstanding Common Stock of such
     Restricted Subsidiary on the last day of such period.

     "Consolidated Interest Expense" means, for any period, the aggregate amount
of interest in respect of Indebtedness including, without limitation,

          (1) amortization of original issue discount on any Indebtedness and
     the interest portion of any deferred payment obligation, calculated in
     accordance with the effective interest method of accounting;

          (2) all commissions, discounts and other fees and charges owed with
     respect to letters of credit and bankers' acceptance financing; and

          (3) the net costs associated with Interest Rate Agreements and the
     interest expense in respect of Indebtedness that is Guaranteed or secured
     by the Company or any of its Restricted Subsidiaries and all but the
     principal component of rentals in respect of Capitalized Lease Obligations
     paid, accrued or scheduled to be paid or to be accrued by the Company and
     its Restricted Subsidiaries during such period; excluding, however, any
     amount of such interest of any Restricted Subsidiary if the net income of
     such Restricted Subsidiary is excluded in the calculation of Adjusted
     Consolidated Net Income pursuant to clause (3) of the definition thereof
     (but only in the same proportion as the net income of such Restricted
     Subsidiary is excluded from the calculation of Adjusted Consolidated Net
     Income pursuant to clause (3) of the definition thereof).

     "Consolidated Leverage Ratio" means, on any Transaction Date, the ratio of

          (1) the aggregate amount of Indebtedness of the Company and its
     Restricted Subsidiaries on a consolidated basis outstanding on such
     Transaction Date, to

          (2) the product of (A) the aggregate amount of Consolidated EBITDA of
     the Company and its Restricted Subsidiaries for the then most recent two
     fiscal quarters for which consolidated financial statements of the Company
     have been filed with the Commission and (B) two (such two fiscal quarter
     period being the "Two Quarter Period"),

          In determining the Consolidated Leverage Ratio, pro forma effect shall
     be given to:

          (1) any Indebtedness that is to be incurred or repaid on the
     Transaction Date as if such incurrence or repayment had occurred on the
     first day of such Two Quarter Period;

          (2) Asset Dispositions and Asset Acquisitions (including giving pro
     forma effect to the application of proceeds of any Asset Disposition) that
     occur during the period beginning on the first day of the Two Quarter
     Period and ending on the Transaction Date (the "Reference Period") as if
     they had occurred and such proceeds had been applied on the first day of
     such Reference Period; and

          (3) Asset Dispositions and Asset Acquisitions (including giving pro
     forma effect to the application of proceeds of any Asset Disposition) that
     have been made by any Person that has become a Restricted Subsidiary or has
     been merged with or into the Company or any Restricted Subsidiary during
     such Reference Period and that would have constituted Asset Dispositions or
     Asset Acquisitions had such transactions occurred when such Person was a
     Restricted Subsidiary as if such asset dispositions or asset acquisitions
     were Asset Dispositions or Asset Acquisitions that occurred on the first
     day of such Reference Period.

To the extent that pro forma effect is given to an Asset Acquisition or Asset
Disposition, such pro forma calculation shall be based upon the two full fiscal
quarters immediately preceding the Transaction Date of the Person, or division,
operating unit or line of business of the Person, that is acquired or disposed
of for which financial information is available.

     "Controlling Stockholder" means Everett R. Dobson and his Affiliates.

     "Corporate Trust Office of the Trustee" shall be at the address of the
Trustee specified in Section 11.02 hereof or such other address as to which the
Trustee may give notice to the Company.

     "Credit Agreement" means one or more debt facilities or commercial paper
facilities with banks or other institutional lenders providing for revolving
credit loans, term loans, receivables financing (including through the sale of
receivables to such lenders or to special purpose entities formed to borrow from
such lenders against such receivables) or letters of credit, in each case
together with all other agreements, instruments, and documents executed or
delivered pursuant thereto or in connection therewith, in each case as such
agreement, other agreements, instruments or documents may be amended,
supplemented, extended, renewed, replaced, refinanced or otherwise modified from
time to time, including without limitation, increases and decreases from time to
time in the amounts available for borrowings thereunder.

     "Currency Agreement" means any foreign exchange contract, currency swap
agreement or other similar agreement or arrangement.

     "Custodian" means the Trustee, as custodian with respect to the Notes in
global form, or any successor entity thereto.

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

     "Definitive Note" means a certificated Note registered in the name of the
Holder thereof and issued in accordance with Section 2.06 hereof, in
substantially the form of Exhibit A hereto except that such Note shall not bear
the Global Note Legend and shall not have the "Schedule of Exchanges of
Interests in the Global Note" attached thereto.

     "Depositary" means, with respect to the Notes issuable or issued in whole
or in part in global form, the Person specified in Section 2.03 hereof as the
Depositary with respect to the Notes, and any and all successors thereto
appointed as depositary hereunder and having become such pursuant to the
applicable provision of this Indenture.

     "Disqualified Stock" means any class or series of Capital Stock of any
Person that by its terms or otherwise is:

          (1) required to be redeemed prior to the final Stated Maturity of the
     Notes,

          (2) redeemable at the option of the holder of such class or series of
     Capital Stock at any time prior to the final Stated Maturity of the Notes,
     or

          (3) convertible into or exchangeable for Capital Stock referred to in
     (1) or (2) above or Indebtedness having a scheduled maturity prior to the
     final Stated Maturity of the Notes.

     Any Capital Stock that would not constitute Disqualified Stock but for
provisions thereof giving holders thereof the right to require such Person to
repurchase or redeem such Capital Stock upon the occurrence of a "change of
control" occurring prior to the final Stated Maturity of the Notes shall not
constitute Disqualified Stock if the "change of control" provisions applicable
to such Capital Stock are no more favorable to the holders of such Capital Stock
than the provisions contained in Section 4.15 and such Capital Stock
specifically provides that the Company of such Capital Stock will not repurchase
or redeem any such Capital Stock pursuant to such provision prior to the Company
repurchase of such Notes as are required to be repurchased pursuant to Section
4.15; provided that in no event shall the Senior Preferred Stock be deemed to be
Disqualified Stock for any purpose of this Indenture.

     "Domestic Restricted Subsidiary" means any Restricted Subsidiary of the
Company other than a Foreign Restricted Subsidiary.

     "Equipment Lease and Switch Sharing Agreements" means the three Equipment
Lease Agreements and the three Switch Sharing Agreements between Dobson
Operating Co., LLC and American Cellular Corporation, and the one Equipment
Lease Agreement between Sygnet Communications, Inc. and American Cellular
Corporation, all dated as of January 1, 2003, which provide for the leasing or
sharing of certain telecommunications equipment between the parties thereto,
including any amendments or modifications thereto; provided, however, that such
amendments or modifications may not adversely affect the Company and its
Restricted Subsidiaries when compared with the provisions in place immediately
prior to the time of such amendment.

     "Equity Interests" means Capital Stock and all warrants, options or other
rights to acquire Capital Stock but excluding any debt security that is
convertible into or exchangeable for, Capital Stock.

     "Euroclear" means Morgan Guaranty Trust Company of New York, Brussels
office, as operator of the Euroclear System, and any and all successors thereto.

     "Exchange Act" means the Securities Exchange Act of 1934, as amended, or
any successor statute.

     "Exchange Notes" means the Notes to be issued in the Exchange Offer
pursuant to Section 2.06(f) hereof.

     "Exchange Offer" has the meaning set forth in the Registration Rights
Agreement.

     "Exchange Offer Registration Statement" has the meaning set forth in the
Registration Rights Agreement.

     "Fair Market Value" means the price that would be paid in an arm's-length
transaction between an informed and willing seller under no compulsion to sell
and an informed and willing buyer under no compulsion to buy, as determined in
good faith by the Board of Directors, whose determination shall be conclusive if
evidenced by a Board Resolution.

     "FCC" means the Federal Communications Commission.

     "GAAP" means generally accepted accounting principles in the United States
of America as in effect from time to time, including, without limitation, those
set forth in the opinions and pronouncements of the Accounting Principles Board
of the American Institute of Certified Public Accountants and statements and
pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as approved by a significant segment of the
accounting profession. All ratios and computations contained or referred to in
this Indenture shall be computed in conformity with GAAP applied on a consistent
basis.

     "Global Note Legend" means the legend set forth in Section 2.06(g)(ii),
which is required to be placed on all Global Notes issued under this Indenture.

     "Global Notes" means, individually and collectively, each of the Restricted
Global Notes and the Unrestricted Global Notes in the form of Exhibit A hereto
issued in accordance with Section 2.01, 2.06(b)(iv), 2.06(c), 2.06(f) or 2.07
hereof.

     "Guarantee" means any obligation, contingent or otherwise, of any Person
directly or indirectly guaranteeing any Indebtedness or other obligation of any
other Person and, without limiting the generality of the foregoing, any
obligation, direct or indirect, contingent or otherwise, of such Person

          (1) to purchase or pay, or advance or supply funds for the purchase or
     payment of, such Indebtedness or other obligation of such other Person,
     whether arising by virtue of partnership arrangements, or by agreements to
     keep-well, to purchase assets, goods, securities or services, to
     take-or-pay, or to maintain financial statement conditions or otherwise, or

          (2) entered into for purposes of assuring in any other manner the
     obligee of such Indebtedness or other obligation of the payment thereof or
     to protect such obligee against loss in respect thereof, in whole or in
     part.

     The term "Guarantee" shall not include endorsements for collection or
deposit in the ordinary course of business. The term "Guarantee" used as a verb
has a corresponding meaning.

     "Holder" means a Person in whose name a Note is registered.

     "IAI Global Note" means a Global Note in the form of Exhibit A hereto
bearing the Global Note Legend and the Private Placement Legend and deposited
with and registered in the name of the Depositary or its nominee that will be
issued in a denomination equal to the outstanding principal amount of the Notes
sold to Institutional Accredited Investors, if any, to the extent required by
the Applicable Procedures.

     "incur" means, with respect to any Indebtedness, to incur, create, issue,
assume, Guarantee or otherwise become liable for or with respect to, or become
responsible for, the payment of, contingently or otherwise, such Indebtedness,
including an "incurrence" of Indebtedness by reason of a Person becoming a
Restricted Subsidiary.

     "Indebtedness" means, with respect to any Person at any date of
determination, without duplication,

          (1) all indebtedness of such Person for borrowed money,

          (2) all obligations of such Person evidenced by bonds, debentures,
     notes or other similar instruments,

          (3) all obligations of such Person in respect of letters of credit or
     other similar instruments (including reimbursement obligations with respect
     thereto, but excluding obligations with respect to letters of credit
     (including trade letters of credit) securing obligations (other than
     obligations described in (1) or (2) above or (5), (6), (7) or (8) below)
     entered into in the ordinary course of business of such Person to the
     extent such letters of credit are not drawn upon or, if drawn upon, to the
     extent such drawing is reimbursed no later than the third Business Day
     following receipt by such Person of a demand for reimbursement),

          (4) all obligations of such Person to pay the deferred and unpaid
     purchase price of property or services, which purchase price is due more
     than six months after the date of placing such property in service or
     taking delivery and title thereto or the completion of such services,
     except Trade Payables,

          (5) all obligations of such Person as lessee under Capitalized Leases,

          (6) all indebtedness of other Persons secured by a Lien on any asset
     of such Person, whether or not such Indebtedness is assumed by such Person;
     but only to the extent of the lesser of

               (a) the Fair Market Value of such asset at such date of
          determination, and

               (b) the amount of such Indebtedness,

          (7) all indebtedness of other Persons Guaranteed by such Person to the
     extent such Indebtedness is Guaranteed by such Person,

          (8) the maximum fixed redemption or repurchase price of Disqualified
     Stock (or, in the case of any Restricted Subsidiary, of Preferred Shares)
     of such Person outstanding at the time of determination and

          (9) to the extent not otherwise included in this definition,
     obligations under Currency Agreements and Interest Rate Agreements.

     The amount of Indebtedness of any Person at any date shall be the
outstanding balance at such date of all unconditional obligations as described
above and, with respect to contingent obligations, the maximum liability upon
the occurrence of the contingency giving rise to the obligation, provided

          (1) the amount outstanding at any time of any Indebtedness issued with
     original issue discount is the face amount of such Indebtedness less the
     unamortized portion of the original issue discount of such Indebtedness at
     the time of its issuance as determined in conformity with GAAP, and

          (2) money borrowed at the time of the incurrence of any Indebtedness
     in order to pre-fund the payment of interest on such Indebtedness shall be
     deemed not to be "Indebtedness."

     "Indenture" means this Indenture, as amended or supplemented from time to
time in accordance with Article 9 hereof.

     "Indirect Participant" means a Person who holds a beneficial interest in a
Global Note through a Participant.

     "Initial Purchasers" means Lehman Brothers Inc., Morgan Stanley & Co.
Incorporated, Bear, Stearns & Co. Inc., Rabo Securities USA, Inc. and [. ].

     "Institutional Accredited Investor" means an "accredited investor" within
the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act.

     "Interest Rate Agreement" means any interest rate protection agreement,
interest rate future agreement, interest rate option agreement, interest rate
swap agreement, interest rate cap agreement, interest rate collar agreement,
interest rate hedge agreement, option or future contract or other similar
agreement or arrangement.

     "Investment" in any Person means any direct or indirect advance, loan or
other extension of credit (including, without limitation, by way of Guarantee or
similar arrangement; but excluding advances to customers in the ordinary course
of business that are, in conformity with GAAP, recorded as accounts receivable
on the balance sheet of the Company or its Restricted Subsidiaries) or capital
contribution to (by means of any transfer of cash or other property to others or
any payment for property or services for the account or use of others), or any
purchase or acquisition of Capital Stock, bonds, notes, debentures or other
similar instruments issued by, such Person and shall include

          (1) the designation of a Restricted Subsidiary as an Unrestricted
     Subsidiary, and

          (2) the Fair Market Value of the Capital Stock or any other Investment
     held by the Company or any of its Restricted Subsidiaries, of or in any
     Person that has ceased to be a Restricted Subsidiary other than as a result
     of being designated as an Unrestricted Subsidiary, including without
     limitation, by reason of any transaction permitted by clause (3) of Section
     4.19.

          For purposes of the definition of "Unrestricted Subsidiary" and
     Section 4.07,

          (1) "Investment" shall include the Fair Market Value of the assets
     (net of liabilities (other than liabilities to the Company or any of its
     Subsidiaries)) of any Restricted Subsidiary at the time that such
     Restricted Subsidiary is designated an Unrestricted Subsidiary,

          (2) the Fair Market Value of the assets (net of liabilities (other
     than liabilities to the Company or any of its Subsidiaries)) of any
     Unrestricted Subsidiary at the time that such Unrestricted Subsidiary is
     designated a Restricted Subsidiary shall be considered a reduction in
     outstanding Investments and

          (3) any property transferred to or from an Unrestricted Subsidiary
     shall be valued at its Fair Market Value at the time of such transfer.

     "Investment Grade Rating" means a rating equal to or higher than Baaa3 by
Moody's and BBB- by S&P.

     "Issue Date" means September 26, 2003.

     "Legal Holiday" means a Saturday, a Sunday or a day on which banking
institutions in The City of New York or at a place of payment are authorized by
law, regulation or executive order to remain closed. If a payment date is a
Legal Holiday at a place of payment, payment may be made at that place on the
next succeeding day that is not a Legal Holiday, and no interest shall accrue on
such payment for the intervening period.

     "Letter of Transmittal" means the letter of transmittal to be prepared by
the Company and sent to all Holders for use by such Holders in connection with
the Exchange Offer.

     "Lien" means any mortgage, pledge, security interest, encumbrance, lien or
charge of any kind (including, without limitation, any conditional sale or other
title retention agreement or lease in the nature thereof or any agreement to
give any security interest).

     "Management Agreement" means the Amended and Restated Management Agreement
between Dobson Cellular Systems, Inc. and ACC Acquisition LLC, dated as of
February 25, 2000, as amended, as in effect on the Issue Date.

     "Moody's" means Moody's Investors Service, Inc. and its successors.

     "Net Cash Proceeds" means,

          (1) with respect to any Asset Sale, the proceeds of such Asset Sale in
     the form of cash or Cash Equivalents, including payments in respect of
     deferred payment obligations (to the extent corresponding to the principal,
     but not interest, component thereof) when received in the form of cash or
     Cash Equivalents (except to the extent such obligations are financed or
     sold with recourse to the Company or any Restricted Subsidiary) and
     proceeds from the conversion of other property received when converted to
     cash or Cash Equivalents, net of

               (a) brokerage commissions and other fees and expenses (including
          fees and expenses of counsel and investment bankers) related to such
          Asset Sale,

               (b) provisions for all taxes (whether or not such taxes will
          actually be paid or are payable) as a result of such Asset Sale
          without regard to the consolidated results of operations of the
          Company and its Restricted Subsidiaries, taken as a whole,

               (c) payments made to repay Indebtedness or any other obligation
          (owing to a Person other than the Company or any Subsidiary of the
          Company) outstanding at the time of such Asset Sale that either

                    (i) is secured by a Lien on the property or assets sold, or

                    (ii) is required to be paid as a result of such sale, and

               (d) appropriate amounts to be provided by the Company or any
          Restricted Subsidiary as a reserve against any liabilities associated
          with such Asset Sale, including, without limitation, pension and other
          post-employment benefit liabilities, liabilities related to
          environmental matters and liabilities under any indemnification
          obligations associated with such Asset Sale, all as determined in
          conformity with GAAP, and

          (2) with respect to any issuance or sale of Capital Stock or the
     incurrence of any Indebtedness, the proceeds of such issuance or sale in
     the form of cash or Cash Equivalents, including payments in respect of
     deferred payment obligations to the extent corresponding to the principal,
     but not interest, component thereof when received in the form of cash or
     Cash Equivalents (except to the extent such obligations are financed or
     sold with recourse to the Company or any Restricted Subsidiary of the
     Company) and proceeds from the conversion of other property received when
     converted to cash or Cash Equivalents, net of attorney's fees, accountants'
     fees, underwriters' or placement agents' fees, discounts or commissions and
     brokerage, consultant and other fees incurred in connection with such
     issuance or sale and net of taxes paid or payable as a result thereof.

     "Non-U.S. Person" means a Person who is not a U.S. Person.

     "Notes" has the meaning assigned to it in the preamble to this Indenture.

     "Obligations" means any principal, interest, penalties, fees,
indemnifications, reimbursements, damages and other liabilities payable under
the documentation governing any Indebtedness.

     "Officer" means, with respect to any Person, the Chairman of the Board, the
Chief Executive Officer, the President, the Chief Operating Officer, the Chief
Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the
Secretary, any Assistant Secretary or any Vice-President of such Person.

     "Officers' Certificate" means a certificate signed on behalf of the Company
by two Officers of the Company, one of whom must be the principal executive
officer, the principal financial officer, the treasurer or the principal
accounting officer of the Company.

     "Opinion of Counsel" means an opinion from legal counsel who is reasonably
acceptable to the Trustee. The counsel may be an employee of or counsel to the
Company, any Subsidiary of the Company or the Trustee.

     "Participant" means, with respect to the Depositary, Euroclear or
Clearstream, a Person who has an account with the Depositary, Euroclear or
Clearstream, respectively, and, with respect to the DTC, shall include Euroclear
and Clearstream.

     "Participating Broker-Dealer" means any Broker-Dealer that elects to
exchange Notes acquired in the Exchange Offer for its own account as a result of
market-making or other trading activities.

     "Permitted Business" means (i) the delivery or distribution of
telecommunications, voice, data, internet or video services, (ii) any business
or activity reasonably related or ancillary thereto, including, without
limitation, any business conducted by the Company or any Restricted Subsidiary
on the Issue Date and the acquisition, holding or exploitation or any license
relating to the delivery of the services described in clause (i) of this
definition.

     "Permitted Investment" means:

          (1) an Investment in the Company or a Restricted Subsidiary or a
     Person which will, upon the making of such Investment, become a Restricted
     Subsidiary or be merged or consolidated with or into or transfer or convey
     all or substantially all its assets to, the Company or a Restricted
     Subsidiary; but only if such person's primary business is related,
     ancillary or complementary to the businesses of the Company and its
     Restricted Subsidiaries on the date of such Investment;

          (2) Cash Equivalents;

          (3) payroll, travel and similar advances to cover matters that are
     expected at the time of such advances ultimately to be treated as expenses
     in accordance with GAAP;

          (4) stock, obligations or securities received in satisfaction of
     judgments or pursuant to any court supervised plan of reorganization or
     similar proceeding;

          (5) non-cash consideration acquired in any Asset Sale effected in
     accordance with Section 4.11; and

          (6) any acquisition of assets used, or Capital Stock of a Person
     primarily engaged, in a business related, ancillary or complementary to the
     business of the Company and its Restricted Subsidiaries to the extent
     acquired in exchange for Capital Stock (other than Disqualified Stock) of
     the Company.

     "Permitted Liens" means

          (1) Liens on the Company's assets or on the assets of any of its
     Restricted Subsidiaries to secure (x) Indebtedness under Credit Agreements
     or (y) purchase money Indebtedness, provided that the principal amount of
     such purchase money Indebtedness secured by Liens incurred pursuant to this
     clause (y) shall not exceed $100.0 million at any time outstanding;

          (2) Liens on property of a Person existing at the time such Person is
     merged into or consolidated with the Company or any of the Company's
     Restricted Subsidiaries; provided, however, that such Liens were in
     existence prior to the contemplation of such merger or consolidation and do
     not extend to any assets other than those of the Person merged into or
     consolidated with the Company or any of its Restricted Subsidiaries;

          (3) Liens on property existing at the time of acquisition of that
     property by the Company or any of the Company's Restricted Subsidiaries;
     provided, however, that such Liens were in existence prior to the
     contemplation of such merger or consolidation and do not extend to any
     assets other than those of the Person merged into or consolidated with the
     Company or any of its Restricted Subsidiaries;

          (4) Liens existing on the Issue Date;

          (5) Liens in favor of the Company or any of its Restricted
     Subsidiaries;

          (6) Liens incurred in the ordinary course of the business of the
     Company or of any of its Restricted Subsidiaries with respect to
     obligations that do not exceed, in the aggregate at any one time
     outstanding, more than 10% of total consolidated assets of the Company or
     any of its Restricted Subsidiaries;

          (7) Liens to secure the performance of statutory obligations, surety
     or appeal bonds, performance bonds, deposits to secure the performance of
     bids, trade contracts, government contracts, leases or licenses or other
     obligations of a like nature incurred in the ordinary course of business,
     including, without limitation, landlord Liens on leased properties;

          (8) Liens for taxes, assessments or governmental charges or claims
     that are not yet delinquent or that are being contested in good faith by
     appropriate proceedings promptly instituted and diligently prosecuted,
     provided that any reserve or other appropriate provision as will be
     required to conform with GAAP will have been made for that reserve or
     provision;

          (9) carriers', warehousemen's, mechanics', landlords' materialmen's,
     repairmen's or other like Liens arising in the ordinary course of business
     in respect of obligations not overdue for a period in excess of 60 days or
     which are being contested in good faith by appropriate proceedings promptly
     instituted and diligently prosecuted; provided, however, that any reserve
     or other appropriate provision as will be required to conform with GAAP
     will have been made for that reserve or provision;

          (10) easements, rights-of-way, zoning and similar restrictions and
     other similar encumbrances or title defects incurred, or leases or
     subleases granted to others, in the ordinary course of business, which do
     not in any case materially detract from the value of the property subject
     to the Lien or do not interfere with or adversely affect in any material
     respect the ordinary conduct of the business of the Company and the
     business of the Company's Restricted Subsidiaries taken as a whole;

          (11) Liens in favor of customs and revenue authorities to secure
     payment of customs duties in connection with the importation of goods in
     the ordinary course of business and other similar Liens arising in the
     ordinary course of business;

          (12) leases or subleases granted to third Persons not interfering with
     the Company's ordinary course of business or of the business of any of its
     Restricted Subsidiaries;

          (13) Liens, other than any Lien imposed by ERISA or any rule or
     regulation promulgated under ERISA, incurred or deposits made in the
     ordinary course of business in connection with workers' compensation,
     unemployment insurance, and other types of social security;

          (14) deposits made in the ordinary course of business to secure
     liability to insurance carriers;

          (15) any attachment or judgment Lien in respect of a judgment not
     constituting an Event of Default under clause (6) of Section 6.01;

          (16) any interest or title of a lessor or sublessor under any
     operating lease, conditional sale, title retention, consignment or similar
     arrangements entered into in the ordinary course of business;

          (17) Liens under licensing agreements for use of intellectual property
     entered into in the ordinary course of business;

          (18) bankers' liens in respect of deposit accounts;

          (19) Liens imposed by law incurred by the Company or its Restricted
     Subsidiaries in the ordinary course of business; and

          (20) Liens to secured Attributable Debt in connection with sale and
     leaseback transactions.

     "Permitted Refinancing Indebtedness" means any Indebtedness of the Company
or any of its Restricted Subsidiaries issued in exchange for, or the net
proceeds of which are used to extend, refinance, renew, replace, defease or
refund other Indebtedness of the Company or any of its Restricted Subsidiaries
(other than intercompany Indebtedness); provided that:

          (1) the principal amount (or accreted value or liquidation preference,
     if applicable) of such Permitted Refinancing Indebtedness does not exceed
     the principal amount (or accreted value or liquidation preference, if
     applicable) of the Indebtedness extended, refinanced, renewed, replaced,
     defeased or refunded (plus all accrued interest or dividends, if
     applicable, on the Indebtedness and the amount of all expenses and premiums
     incurred in connection therewith);

          (2) such Permitted Refinancing Indebtedness has a final Stated
     Maturity not earlier than the Stated Maturity of, and has an Average Life
     equal to or greater than the Average Life of, the Indebtedness being
     extended, refinanced, renewed, replaced, defeased or refunded;

          (3) if the Indebtedness being extended, refinanced, renewed, replaced,
     defeased or refunded is subordinated in right of payment to the Notes, such
     Permitted Refinancing Indebtedness has a Stated Maturity not earlier than
     the final Stated Maturity date of, and is subordinated in right of payment
     to, the Notes on terms at least as favorable to the Holders as those
     contained in the documentation governing the Indebtedness being extended,
     refinanced, renewed, replaced, defeased or refunded; provided, however,
     that if the Indebtedness being extended, refinanced, renewed, replaced or
     refunded is Senior Preferred Stock, such Permitted Refinancing Indebtedness
     (a) has a final Stated Maturity not earlier than the final Stated Maturity
     of the Notes and an Average Life not less than the remaining Average Life
     of the Notes and (b) none of such Permitted Refinancing Indebtedness may
     rank on a parity with or senior to the Notes; and

          (4) such Indebtedness is incurred either by the Company or by the
     Subsidiary who is the obligor on the Indebtedness being extended,
     refinanced, renewed, replaced, defeased or refunded.

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

     "Preferred Shares" means, with respect to any Person, any and all shares,
interests, participations or other equivalents (however designated, whether
voting or non-voting) of such Person's preferred or preference equity, whether
now outstanding or issued after the Issue Date, including, without limitation,
the Senior Preferred Stock and all other series and classes of such preferred
stock or preference stock.

     "Private Placement Legend" means the legend set forth in Section 2.06(g)(i)
to be placed on all Notes issued under this Indenture except where otherwise
permitted by the provisions of this Indenture.

     "QIB" means a "qualified institutional buyer" as defined in Rule 144A.

     "Rating Agency" means each of S&P and Moody's or, if either of S&P and
Moody's shall not make a rating on the Notes publicly available, a nationally
recognized statistical rating agency or agencies, as the case may be, selected
by the Company (as evidenced by a resolution of the Board of Directors of the
Company), which shall be substituted for any of S&P or Moody's, as the case may
be.

     "Rating Date" means the date which is 90 days prior to the earlier of:

          (1) a Change of Control, and

          (2) public notice of the occurrence of a Change of Control or of the
     intention of the Company to effect a Change of Control.

     "Rating Decline" means the occurrence of the following on, or within 90
days after, the earlier of the date of public notice of the occurrence of a
Change of Control or of the intention of the Company to effect a Change of
Control (which period shall be extended so long as the rating of the Notes is
under publicly announced consideration for possible downgrade by any of the
Rating Agencies):

          (1) in the event the Notes are assigned an Investment Grade Rating by
     both Rating Agencies on the Rating Date, the rating of the Notes by one of
     the Rating Agencies shall be below an Investment Grade Rating; or

          (2) in the event the Notes are rated below an Investment Grade Rating
     by at least one of the Rating Agencies on the Rating Date, the rating of
     the Notes by at least one of the Rating Agencies shall be decreased by one
     or more gradations (including gradations within rating categories as well
     as between rating categories).

     "Registration Rights Agreement" means the Registration Rights Agreement
dated as of the Issue Date, by and among and the Initial Purchasers named
therein, as such agreement may be amended, modified or supplemented from time to
time and, with respect to any Additional Notes, one or more registration rights
agreements between the Company and the other parties thereto, as such
agreement(s) may be amended, modified or supplemented from time to time,
relating to rights given by the Company to the purchasers of Additional Notes to
register such Additional Notes, or exchange such Additional Notes for registered
Notes, under the Securities Act.

     "Regulation S" means Regulation S promulgated under the Securities Act.

     "Regulation S Global Note" means a Global Note in substantially the form of
Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend
and deposited with or on behalf of and registered in the name of the Depositary
or its nominee, issued in a denomination equal to the outstanding principal
amount of the Notes sold in reliance on Rule 904 of Regulation S.

     "Responsible Officer," when used with respect to the Trustee, means any
officer within the Corporate Trust Department of the Trustee (or any successor
group of the Trustee) or any other officer of the Trustee customarily performing
functions similar to those performed by any of the above designated officers and
also means, with respect to a particular corporate trust matter, any other
officer to whom such matter is referred because of his or her knowledge of and
familiarity with the particular subject.

     "Restricted Definitive Note" means a Definitive Note bearing the Private
Placement Legend.

     "Restricted Global Note" means a Global Note bearing the Private Placement
Legend.

     "Restricted Period" means the 40-day distribution compliance period as
defined in Regulation S.

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

     "Rule 144" means Rule 144 promulgated under the Securities Act.

     "Rule 144A" means Rule 144A promulgated under the Securities Act.

     "Rule 903" means Rule 903 promulgated under Regulation S of the Securities
Act.

     "Rule 904" means Rule 904 promulgated under Regulation S of the Securities
Act.

     "S&P" means Standard & Poor's Ratings Services and its successors.

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

     "Senior Preferred Stock" means each of the Company's series of 13% Senior
Exchangeable Preferred Stock due 2009 and 12.25% Senior Exchangeable Preferred
Stock due 2008.

     "Shelf Registration Statement" means the Shelf Registration Statement as
defined in the Registration Rights Agreement.

     "Significant Subsidiary" means, at any date of determination, any
Restricted Subsidiary that, together with its Subsidiaries that are Restricted
Subsidiaries,

          (1) for the most recent fiscal year of the Company, accounted for more
     than 10% of the consolidated revenues of the Company and its Restricted
     Subsidiaries or

          (2) as of the end of such fiscal year, was the owner of more than 10%
     of the consolidated assets of the Company and its Restricted Subsidiaries,
     all as set forth on the most recently available consolidated financial
     statements of the Company for such fiscal year.

     "Stated Maturity" means,

          (1) with respect to any Indebtedness, the date specified in such
     Indebtedness as the fixed date on which the final installment of principal
     of such Indebtedness is due and payable or the fixed date on which such
     Indebtedness is mandatorily redeemable, and

          (2) with respect to any scheduled installment of principal of or
     interest or dividends, as applicable, on any Indebtedness, the date
     specified in such Indebtedness as the fixed date on which such installment
     is due and payable.

     "Subsidiary" means, with respect to any Person, any corporation,
association or other business entity of which more than 50% of the voting power
of the outstanding Voting Stock is owned, directly or indirectly, by such Person
and one or more other Subsidiaries of such Person.

     "TIA" means the Trust Indenture Act of 1939 (15 U.S.C. ss.ss. 77aaa-77bbbb)
as in effect on the date on which this Indenture is qualified under the TIA,
except as provided in Section 9.03 hereof.

     "Trade Payables" means accounts payable to vendors in the ordinary course
of business.

     "Transaction Date" means, with respect to the incurrence of any
Indebtedness by the Company or any of its Restricted Subsidiaries, the date such
Indebtedness is to be incurred and, with respect to any Restricted Payment, the
date such Restricted Payment is to be made.

     "Treasury Rate" means the yield to maturity at the time of computation of
United States Treasury securities with a constant maturity (as compiled and
published in the most recent Federal Reserve Statistical Release H.15 (519)
which has become publicly available at least two business days prior to the
redemption date or, if such Statistical Release is no longer published, any
publicly available source or similar market data most nearly equal to the period
from the redemption date to October 1, 2008, provided, however, that if the
period from the redemption date to October 1, 2008 is not equal to the constant
maturity of a United States Treasury security for which a weekly average yield
is given, the Treasury Rate shall be obtained by linear interpolation
(calculated to the nearest one-twelfth of a year) from the weekly average yields
of United States Treasury securities for which such yields are given, except
that if the period from the redemption date to October 1, 2008 is less than one
year, the weekly average yield on actually traded United States Treasury
securities adjusted to a constant maturity of one year shall be used.

     "Trustee" means the party named as such in the preamble above until a
successor replaces it in accordance with the applicable provisions of this
Indenture and thereafter means the successors serving hereunder.

     "Unrestricted Global Note" means a permanent global Note in substantially
the form of Exhibit A attached hereto that bears the Global Note Legend and that
has the "Schedule of Exchanges of Interests in the Global Note" attached
thereto, and that is deposited with or on behalf of and registered in the name
of the Depositary, representing a series of Notes that do not bear the Private
Placement Legend.

     "Unrestricted Definitive Note" means one or more Definitive Notes that do
not bear and are not required to bear the Private Placement Legend.

     "Unrestricted Subsidiary" means Dobson JV Company, DCC PCS, Inc., their
respective Subsidiaries, including American Cellular Corporation, or any other
Subsidiary of the Company that at any time of determination after the Issue Date
shall be designated an Unrestricted Subsidiary by the Company's Board of
Directors in the manner provided below and any Subsidiary of an Unrestricted
Subsidiary. The Company's Board of Directors may designate any Restricted
Subsidiary including any newly acquired or newly formed Subsidiary of the
Company to be an Unrestricted Subsidiary unless, immediately after such
designation, such Subsidiary owns any Capital Stock of, or owns or holds any
Lien on any property of, the Company or any Restricted Subsidiary; on the
condition that

          (1) any Guarantee by the Company or any Restricted Subsidiary of any
     Indebtedness of the Subsidiary being so designated shall be deemed an
     "incurrence" of such Indebtedness and an "Investment" by the Company or
     such Restricted Subsidiary (or both, if applicable) at the time of such
     designation;

          (2) either the Subsidiary to be so designated has total assets of
     $1,000 or less or if such Subsidiary has assets greater than $1,000, such
     designation would be permitted under Section 4.07 described below; and

          (3) if applicable, the incurrence of Indebtedness and the Investment
     referred to in clause (1) of this proviso would be permitted under Sections
     4.07 and 4.09 hereof

          The Company's Board of Directors may designate any Unrestricted
     Subsidiary to be a Restricted Subsidiary; on the condition that immediately
     after giving effect to such designation

          (1) all Liens and Indebtedness of such Unrestricted Subsidiary
     outstanding immediately after such designation would, if incurred at such
     time, have been permitted to be incurred for all purposes of this
     Indenture, and

          (2) no Default or Event of Default shall have occurred and be
     continuing, or shall occur upon such redesignation.

          Any such designation by the Company's Board of Directors shall be
     evidenced to the Trustee by promptly providing the Trustee a copy of the
     Board Resolution giving effect to such designation and an Officers'
     Certificate certifying that such designation complied with the foregoing
     provisions.

     "U.S. Government Securities" means securities that are direct obligations
of, or obligations guaranteed by, the United States of America for the payment
of which its full faith and credit is pledged.

     "U.S. Person" means a U.S. person as defined in Rule 902(o) of Regulation S
under the Securities Act.

     "Voting Stock" means with respect to any Person, Capital Stock of any class
or kind ordinarily having the power to vote for the election of directors,
managers or other voting members of the governing body of such Person.

     "Wholly Owned" means, with respect to any Subsidiary of any Person, the
ownership of all of the outstanding Capital Stock of such Subsidiary (other than
any director's qualifying shares or Investments by foreign nationals mandated by
applicable law) by such Person or one or more Wholly Owned Subsidiaries of such
Person.

SECTION 1.02.  OTHER DEFINITIONS.

                                                                  Defined in
                  Term                                             Section

       "Authentication Order"........................................2.02
       "Change of Control Offer".....................................4.15
       "Change of Control Payment"...................................4.15
       "Change of Control Payment Date" .............................4.15
       "Covenant Defeasance".........................................8.03
       "DTC".........................................................2.03
       "Event of Default"............................................6.01
       "Excess Proceeds".............................................4.11
       "Legal Defeasance" ...........................................8.02
       "Offer Amount"................................................3.09
       "Offer Period"................................................3.09
       "Paying Agent"................................................2.03
       "Qualifying Capital Stock"....................................4.09
       "Registrar"...................................................2.03
       "Restricted Payments".........................................4.07
       "Successor Person "...........................................5.01

SECTION 1.03  INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT.

     (a) Whenever this Indenture refers to a provision of the TIA, the provision
is incorporated by reference in and made a part of this Indenture.

     (b) The following TIA terms used in this Indenture have the following
meanings:

          "indenture securities" means the Notes;

          "indenture security holder" means a Holder of a Note;

          "indenture to be qualified" means this Indenture;

          "indenture trustee" or "institutional trustee" means the Trustee; and

          "obligor" on the Notes means the Company and any successor obligor
     upon the Notes, and any Guarantor and its successors or assigns.

     (c) All other terms used in this Indenture that are defined by the TIA,
defined by TIA reference to another statute or defined by Commission rule under
the TIA have the meanings so assigned to them.

SECTION 1.04.  RULES OF CONSTRUCTION.

     (a) Unless the context otherwise requires:

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

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

          (3) "or" is not exclusive;

          (4) words in the singular include the plural, and in the plural
     include the singular;

          (5) "including" means "including without limitation";

          (6) provisions apply to successive events and transactions; and

          (7) references to sections of or rules under the Securities Act shall
     be deemed to include substitute, replacement or successor sections or rules
     adopted by the Commission from time to time.

                                   ARTICLE 2.

                                   THE NOTES

SECTION 2.01.  FORM AND DATING.

     (a) General. The Notes and the Trustee's certificate of authentication
shall be substantially in the form of Exhibit A hereto. The Notes may have
notations, legends or endorsements required by law, stock exchange rule or
usage. Each Note shall be dated the date of its authentication. The Notes shall
be in denominations of $1,000 and integral multiples thereof. The terms and
provisions contained in the Notes shall constitute, and are hereby expressly
made, a part of this Indenture and, to the extent applicable, the Company, the
Guarantors and the Trustee, by their execution and delivery of this Indenture,
expressly agree to such terms and provisions and to be bound thereby. However,
to the extent any provision of any Note conflicts with the express provisions of
this Indenture, the provisions of this Indenture shall govern and be
controlling.

     (b) Form of Notes. Notes issued in global form shall be substantially in
the form of Exhibit A attached hereto (including the Global Note Legend thereon
and the "Schedule of Exchanges of Interests in the Global Note" attached
thereto). Notes issued in definitive form shall be substantially in the form of
Exhibit A attached hereto (but without the Global Note Legend thereon and
without the "Schedule of Exchanges of Interests in the Global Note" attached
thereto). Each Global Note shall represent such of the outstanding Notes as
shall be specified therein and each shall provide that it shall represent the
aggregate principal amount of outstanding Notes from time to time endorsed
thereon and that the aggregate principal amount of outstanding Notes represented
thereby may from time to time be reduced or increased, as appropriate, to
reflect exchanges and redemptions. Any endorsement of a Global Note to reflect
the amount of any increase or decrease in the aggregate principal amount of
outstanding Notes represented thereby shall be made by the Trustee or the
Custodian, at the direction of the Trustee, in accordance with instructions
given by the Holder thereof as required by Section 2.06 hereof.

     (c) Euroclear and Clearstream Procedures Applicable. The provisions of the
"Operating Procedures of the Euroclear System" and "Terms and Conditions
Governing Use of Euroclear" and the "General Terms and Conditions of
Clearstream" and "Customer Handbook" of Clearstream shall be applicable to
transfers of beneficial interests in Global Notes that are held by Participants
through Euroclear or Clearstream.

     (d) Subject to compliance with the provisions of Section 4.09 of this
Indenture, the Company may issue Additional Notes in an unlimited principal
amount under this Indenture.

     (e) Certificated Securities. The Company shall exchange Global Notes for
Definitive Notes if: (1) at any time the Depositary notifies the Company that it
is unwilling or unable to continue to act as Depositary for the Global Notes or
if at any time the Depositary shall no longer be eligible to act as such because
it ceases to be a clearing agency registered under the Exchange Act, and, in
either case, the Company shall not have appointed a successor Depositary within
120 days after the Company receives such notice or becomes aware of such
ineligibility, (2) the Company, at its option, determines that the Global Notes
shall be exchanged for Definitive Notes and delivers a written notice to such
effect to the Trustee or (3) upon written request of a Holder or the Trustee if
a Default or Event of Default shall have occurred and be continuing.

     Upon the occurrence of any of the events set forth in clauses (1), (2) or
(3) above, the Company shall execute, and, upon receipt of an Authentication
Order in accordance with Section 2.02 hereof, the Trustee shall authenticate and
deliver, Definitive Notes, in authorized denominations, in an aggregate
principal amount equal to the principal amount of the Global Notes in exchange
for such Global Notes.

     Upon the exchange of a Global Note for Definitive Notes, such Global Note
shall be cancelled by the Trustee or an agent of the Company or the Trustee.
Definitive Notes issued in exchange for a Global Note pursuant to this Section
2.01 shall be registered in such names and in such authorized denominations as
the Depositary, pursuant to instructions from its Participants or its Applicable
Procedures, shall instruct the Trustee or an agent of the Company or the Trustee
in writing. The Trustee or such agent shall deliver such Definitive Notes to or
as directed by the Persons in whose names such Definitive Notes are so
registered or to the Depositary.

SECTION 2.02.  EXECUTION AND AUTHENTICATION.

     (a) One Officer shall sign the Notes for the Company by manual or facsimile
signature. The Company's seal may be reproduced on the Notes and may be in
facsimile form.

     (b) If an Officer whose signature is on a Note no longer holds that office
at the time a Note is authenticated, the Note shall nevertheless be valid.

     (c) A Note shall not be valid until authenticated by the manual signature
of a Responsible Officer of the Trustee. The signature of a Responsible Officer
of the Trustee on the certificate of authentication on a Note shall be
conclusive evidence that the Note has been authenticated under this Indenture.

     (d) The Trustee shall, upon a written order of the Company signed by an
Officer (an "Authentication Order"), authenticate Notes for original issue up to
the aggregate principal amount stated in such notice.

     (e) The Trustee may appoint an authenticating agent acceptable to the
Company to authenticate Notes. An authenticating agent may authenticate Notes
whenever the Trustee may do so. Each reference in this Indenture to
authentication by the Trustee includes authentication by such agent. An
authenticating agent has the same rights as an Agent to deal with Holders or an
Affiliate of the Company.

SECTION 2.03.  REGISTRAR AND PAYING AGENT.

     (a) The Company shall maintain an office or agency where Notes may be
presented for registration of transfer or for exchange ("Registrar") and an
office or agency where Notes may be presented for payment ("Paying Agent"). The
Registrar shall keep a register of the Notes and of their transfer and exchange.
The Company may appoint one or more co-registrars and one or more additional
Paying Agents. The term "Registrar" includes any co-registrar and the term
"Paying Agent" includes any additional paying agent. The Company may change any
Paying Agent or Registrar without notice to any Holder. The Company shall notify
the Trustee in writing of the name and address of any Agent not a party to this
Indenture. If the Company fails to appoint or maintain another entity as
Registrar or Paying Agent, the Trustee shall act as such. The Company or any of
its Subsidiaries may act as Paying Agent or Registrar.

     (b) The Company initially appoints The Depository Trust Company ("DTC") to
act as Depositary with respect to the Global Notes. Whenever this Indenture or
any other document related hereto or thereto requires or permits actions to be
taken based on instructions or directions of Holders evidencing a specified
percentage of the aggregate principal amount of the Notes then outstanding, the
Depositary will be deemed to represent such percentage only to the extent that
it has received instructions or directions to that effect from the Holders of
the Notes and/or Indirect Participants or Participants owning or representing,
respectively, such required percentage of the beneficial interest in the Notes,
as shall be conclusively evidenced by the Depositary's delivery of such
instructions or directions to the Trustee.

     (c) The Company initially appoints the Trustee to act as the Registrar and
Paying Agent and to act as Custodian with respect to the Global Notes.

     (d) The Global Notes shall be initially registered in the name of Cede &
Co., nominee of DTC.

SECTION 2.04.  PAYING AGENT TO HOLD MONEY IN TRUST.

     The Company shall require each Paying Agent other than the Trustee to agree
in writing that the Paying Agent shall hold in trust for the benefit of Holders
or the Trustee all money held by the Paying Agent for the payment of principal
of, and premium, Additional Interest, if any, or interest on, the Notes, and
shall notify the Trustee of any default by the Company in making any such
payment. While any such default continues, the Trustee may require a Paying
Agent to pay all money held by it to the Trustee. The Company at any time may
require a Paying Agent to pay all money held by it to the Trustee. Upon payment
over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary
of the Company) shall have no further liability for the money. If the Company or
one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a
separate trust fund for the benefit of the Holders all money held by it as
Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the
Company, the Trustee shall serve as Paying Agent for the Notes.

SECTION 2.05.  HOLDER LISTS.

     The Trustee shall preserve in as current a form as is reasonably
practicable the most recent list available to it of the names and addresses of
all Holders and shall otherwise comply with TIA ss. 312(a). If the Trustee is
not the Registrar, the Company shall furnish to the Trustee at least seven
Business Days or such shorter time as the Trustee may allow before each interest
payment date and at such other times as the Trustee may request in writing, a
list in such form and as of such date, as the Trustee may reasonably require of
the names and addresses of the Holders, including the aggregate principal amount
of Notes held by each Holder.

SECTION 2.06.  TRANSFER AND EXCHANGE.

     (a) Transfer and Exchange of Global Notes. A Global Note may not be
transferred as a whole except by the Depositary to a nominee of the Depositary,
by a nominee of the Depositary to the Depositary or to another nominee of the
Depositary, or by the Depositary or any such nominee to a successor Depositary
or a nominee of such successor Depositary. Upon the occurrence of any of the
events set forth in Section 2.01(f) above, Definitive Notes shall be issued in
denominations of $1,000 or integral multiples thereof and in such names as the
Depositary shall instruct the Trustee in writing. Global Notes also may be
exchanged or replaced, in whole or in part, as provided in Sections 2.07 and
2.10 hereof. Except as provided above, every Note authenticated and delivered in
exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to
this Section 2.06 or Section 2.07 or 2.10 hereof, shall be authenticated and
delivered in the form of, and shall be, a Global Note. A Global Note may not be
exchanged for another Note other than as provided in this Section 2.06(a), and
beneficial interests in a Global Note may not be transferred and exchanged other
than as provided in Section 2.06(b), (c) or (f) hereof.

     (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The
transfer and exchange of beneficial interests in the Global Notes shall be
effected through the Depositary, in accordance with the provisions of this
Indenture and the Applicable Procedures. Beneficial interests in the Restricted
Global Notes shall be subject to restrictions on transfer comparable to those
set forth herein to the extent required by the Securities Act. Transfers of
beneficial interests in Global Notes also shall require compliance with either
clause (i) or (ii) below, as applicable, as well as one or more of the other
following clauses, as applicable:

          (i) Transfer of Beneficial Interests in the Same Global Note.
     Beneficial interests in any Restricted Global Note may be transferred to
     Persons who take delivery thereof in the form of a beneficial interest in
     the same Restricted Global Note in accordance with the transfer
     restrictions set forth in the Private Placement Legend and any Applicable
     Procedures; provided, however, that prior to the expiration of the
     Distribution Compliance Period, transfers of beneficial interests in the
     Regulation S Global Note may not be made to or for the account or benefit
     of a "U.S. Person" (as defined in Rule 902(k) of Regulation S) (other than
     a "distributor" (as defined in Rule 902(d) of the Regulation S)).
     Beneficial interests in any Unrestricted Global Note may be transferred to
     Persons who take delivery thereof in the form of a beneficial interest in
     an Unrestricted Global Note. Except as may be required by any Applicable
     Procedures, no written orders or instructions shall be required to be
     delivered to the Registrar to effect the transfers described in this
     Section 2.06(b)(i).

          (ii) All Other Transfers and Exchanges of Beneficial Interests in
     Global Notes. In connection with all transfers and exchanges of beneficial
     interests that are not subject to Section 2.06(b)(i) above, the transferor
     of such beneficial interest must deliver to the Registrar either (A)(1) a
     written order from a Participant or an Indirect Participant given to the
     Depositary in accordance with the Applicable Procedures directing the
     Depositary to credit or cause to be credited a beneficial interest in
     another Global Note in an amount equal to the beneficial interest to be
     transferred or exchanged and (2) instructions given in accordance with the
     Applicable Procedures containing information regarding the Participant
     account to be credited with such increase or (B)(1) if permitted under
     Section 2.06(a), a written order from a Participant or an Indirect
     Participant given to the Depositary in accordance with the Applicable
     Procedures directing the Depositary to cause to be issued a Definitive Note
     in an amount equal to the beneficial interest to be transferred or
     exchanged and (2) instructions given by the Depositary to the Registrar
     containing information regarding the Person in whose name such Definitive
     Note shall be registered to effect the transfer or exchange referred to in
     (B)(1) above. Upon consummation of an Exchange Offer by the Company in
     accordance with Section 2.06(f) hereof, the requirements of this Section
     2.06(b)(ii) shall be deemed to have been satisfied upon receipt by the
     Registrar of the instructions contained in the Letter of Transmittal
     delivered by the Holder of such beneficial interests in the Restricted
     Global Notes. Upon satisfaction of all of the requirements for transfer or
     exchange of beneficial interests in Global Notes contained in this
     Indenture and the Notes, the Trustee shall adjust the principal amount of
     the relevant Global Note(s) pursuant to Section 2.06(h) hereof.

          (iii) Transfer of Beneficial Interests in a Restricted Global Note to
     Another Restricted Global Note. A holder of a beneficial interest in a
     Restricted Global Note may transfer such beneficial interest to a Person
     who takes delivery thereof in the form of a beneficial interest in another
     Restricted Global Note if the transfer complies with the requirements of
     Section 2.06(b)(ii) above and the Registrar receives the following:

               (A) if the transferee will take delivery in the form of a
          beneficial interest in the 144A Global Note, then the transferor must
          deliver a certificate in the form of Exhibit B hereto, including the
          certifications in item (1) thereof or, if permitted by the Applicable
          Procedures, item (3) thereof;

               (B) if the transferee will take delivery in the form of a
          beneficial interest in the Regulation S Global Note then the
          transferor must deliver a certificate in the form of Exhibit B hereto,
          including the certifications in item (2) thereof; and

               (C) if the transferee is required by the Applicable Procedures to
          take delivery in the form of a beneficial interest in the IAI Global
          Note, then the transferor must deliver a certificate in the form of
          Exhibit B hereto, including the certifications and certificates and
          Opinion of Counsel required by item (3) thereof, if applicable.

          (iv) Transfer or Exchange of Beneficial Interests in a Restricted
     Global Note for Beneficial Interests in an Unrestricted Global Note. A
     holder of a beneficial interest in a Restricted Global Note may exchange
     such beneficial interest for a beneficial interest in an Unrestricted
     Global Note or may transfer such beneficial interest to a Person who takes
     delivery thereof in the form of a beneficial interest in an Unrestricted
     Global Note only if the exchange or transfer complies with the requirements
     of Section 2.06(b)(ii) above and:

               (A) such exchange or transfer is effected pursuant to the
          Exchange Offer in accordance with a Registration Rights Agreement and
          the holder of the beneficial interest, in the case of an exchange, or
          the transferee, in the case of a transfer, makes any and all
          certifications required in the applicable Letter of Transmittal (or is
          deemed to have made such certifications if delivery is made through
          the Applicable Procedures) as may be required by such Registration
          Rights Agreement;

               (B) such transfer is effected pursuant to a Shelf Registration
          Statement in accordance with a Registration Rights Agreement;

               (C) such transfer is effected by a broker-dealer pursuant to an
          Exchange Offer Registration Statement in accordance with a
          Registration Rights Agreement; or

               (D) the Registrar receives the following:

                    (1) if the holder of such beneficial interest in a
               Restricted Global Note proposes to exchange such beneficial
               interest for a beneficial interest in an Unrestricted Global
               Note, a certificate from such holder in the form of Exhibit C
               hereto, including the certifications in item (1)(a) thereof; or

                    (2) if the holder of such beneficial interest in a
               Restricted Global Note proposes to transfer such beneficial
               interest to a Person who shall take delivery thereof in the form
               of a beneficial interest in an Unrestricted Global Note, a
               certificate from such holder in the form of Exhibit B hereto,
               including the certifications in item (4) thereof;

          and, in each such case set forth in this clause (D), if the Registrar
          so requests or if the Applicable Procedures so require, an Opinion of
          Counsel in form reasonably acceptable to the Registrar to the effect
          that such exchange or transfer complies with the Securities Act and
          that the restrictions on transfer contained herein and in the Private
          Placement Legend are no longer required in order to maintain
          compliance with the Securities Act.

          If any such transfer is effected pursuant to clause (B) or (D) above
     at a time when an Unrestricted Global Note has not yet been issued, the
     Company shall execute and, upon receipt of an Authentication Order in
     accordance with Section 2.02 hereof, the Trustee shall authenticate one or
     more Unrestricted Global Notes in an aggregate principal amount equal to
     the aggregate principal amount of beneficial interests transferred pursuant
     to clause (B) or (D) above.

          (v) Transfer or Exchange of Beneficial Interests in an Unrestricted
     Global Note for Beneficial Interests in a Restricted Global Note
     Prohibited. Beneficial interests in an Unrestricted Global Note may not be
     exchanged for, or transferred to Persons who take delivery thereof in the
     form of, beneficial interests in a Restricted Global Note.

     (c) Transfer and Exchange of Beneficial Interests in Global Notes for
Definitive Notes.

          (i) Transfer or Exchange of Beneficial Interests in Restricted Global
     Notes to Restricted Definitive Notes. Subject to Section 2.06(a) hereof, if
     any holder of a beneficial interest in a Restricted Global Note proposes to
     exchange such beneficial interest for a Restricted Definitive Note or to
     transfer such beneficial interest to a Person who takes delivery thereof in
     the form of a Restricted Definitive Note, then, upon receipt by the
     Registrar of the following documentation:

               (A) if the holder of such beneficial interest in a Restricted
          Global Note proposes to exchange such beneficial interest for a
          Restricted Definitive Note, a certificate from such holder in the form
          of Exhibit C hereto, including the certifications in item (2)(a)
          thereof;

               (B) if such beneficial interest is being transferred to a QIB in
          accordance with Rule 144A, a certificate to the effect set forth in
          Exhibit B hereto, including the certifications in item (1) thereof;

               (C) if such beneficial interest is being transferred to a
          Non-U.S. Person in an offshore transaction (as defined in Section
          902(k) of Regulation S) in accordance with Rule 903 or Rule 904, a
          certificate to the effect set forth in Exhibit B hereto, including the
          certifications in item (2) thereof;

               (D) if such beneficial interest is being transferred to an
          Institutional Accredited Investor in reliance on an exemption from the
          registration requirements of the Securities Act other than those
          listed in clauses (B) through (D) above, a certificate to the effect
          set forth in Exhibit B hereto, including the certifications,
          certificates and Opinion of Counsel required by item (3)(d) thereof,
          if applicable; or

               (E) if such beneficial interest is being transferred to the
          Company or any of its Subsidiaries, a certificate to the effect set
          forth in Exhibit B hereto, including the certifications in item (3)(b)
          thereof,

     the Trustee shall reduce or cause to be reduced in a corresponding amount
     pursuant to Section 2.06(h) hereof, the aggregate principal amount of the
     applicable Restricted Global Note, and the Company shall execute and, upon
     receipt of an Authentication Order in accordance with Section 2.02 hereof,
     the Trustee shall authenticate and deliver a Restricted Definitive Note in
     the appropriate principal amount to the Person designated by the holder of
     such beneficial interest in the instructions delivered to the Registrar by
     the Depositary and the applicable Participant or Indirect Participant on
     behalf of such holder. Any Restricted Definitive Note issued in exchange
     for beneficial interests in a Restricted Global Note pursuant to this
     Section 2.06(c)(i) shall be registered in such name or names and in such
     authorized denomination or denominations as the holder of such beneficial
     interest shall designate in such instructions. The Trustee shall deliver
     such Restricted Definitive Notes to the Persons in whose names such Notes
     are so registered. Any Restricted Definitive Note issued in exchange for a
     beneficial interest in a Restricted Global Note pursuant to this Section
     2.06(c)(i) shall bear the Private Placement Legend and shall be subject to
     all restrictions on transfer contained therein.

          (ii) Transfer or Exchange of Beneficial Interests in Restricted Global
     Notes to Unrestricted Definitive Notes. Subject to Section 2.06(a) hereof,
     a holder of a beneficial interest in a Restricted Global Note may exchange
     such beneficial interest for an Unrestricted Definitive Note or may
     transfer such beneficial interest to a Person who takes delivery thereof in
     the form of an Unrestricted Definitive Note only if:

               (A) such exchange or transfer is effected pursuant to an Exchange
          Offer in accordance with a Registration Rights Agreement and the
          holder of such beneficial interest, in the case of an exchange, or the
          transferee, in the case of a transfer, makes any and all
          certifications in the applicable Letter of Transmittal (or is deemed
          to have made such certifications if delivery is made through the
          Applicable Procedures) as may be required by such Registration Rights
          Agreement;

               (B) such transfer is effected pursuant to a Shelf Registration
          Statement in accordance with a Registration Rights Agreement;

               (C) such transfer is effected by a broker-dealer pursuant to an
          Exchange Offer Registration Statement in accordance with a
          Registration Rights Agreement; or

               (D) the Registrar receives the following:

                    (1) if the holder of such beneficial interest in a
               Restricted Global Note proposes to exchange such beneficial
               interest for an Unrestricted Definitive Note, a certificate from
               such holder in the form of Exhibit C hereto, including the
               certifications in item (1)(b) thereof; or

                    (2) if the holder of such beneficial interest in a
               Restricted Global Note proposes to transfer such beneficial
               interest to a Person who shall take delivery thereof in the form
               of an Unrestricted Definitive Note, a certificate from such
               holder in the form of Exhibit B hereto, including the
               certifications in item (4) thereof;

          and, in each such case set forth in this clause (D), if the Registrar
          so requests or if the Applicable Procedures so require, an Opinion of
          Counsel in form reasonably acceptable to the Registrar to the effect
          that such exchange or transfer complies with the Securities Act and
          that the restrictions on transfer contained herein and in the Private
          Placement Legend are no longer required in order to maintain
          compliance with the Securities Act.

          Upon satisfaction of any of the conditions of any of the clauses of
     this Section 2.06(c)(ii), the Company shall execute and, upon receipt of an
     Authentication Order in accordance with Section 2.02 hereof, the Trustee
     shall authenticate and deliver an Unrestricted Definitive Note in the
     appropriate principal amount to the Person designated by the holder of such
     beneficial interest in instructions delivered to the Registrar by the
     Depositary and the applicable Participant or Indirect Participant on behalf
     of such holder, and the Trustee shall reduce or cause to be reduced in a
     corresponding amount pursuant to Section 2.06(h), the aggregate principal
     amount of the applicable Restricted Global Note.

          (iii) Transfer or Exchange of Beneficial Interests in Unrestricted
     Global Notes to Unrestricted Definitive Notes. Subject to Section 2.06(a)
     hereof, if any holder of a beneficial interest in an Unrestricted Global
     Note proposes to exchange such beneficial interest for an Unrestricted
     Definitive Note or to transfer such beneficial interest to a Person who
     takes delivery thereof in the form of an Unrestricted Definitive Note,
     then, upon satisfaction of the applicable conditions set forth in Section
     2.06(b)(ii) hereof, the Trustee shall reduce or cause to be reduced in a
     corresponding amount pursuant to Section 2.06(h) hereof, the aggregate
     principal amount of the applicable Unrestricted Global Note, and the
     Company shall execute, and, upon receipt of an Authentication Order in
     accordance with Section 2.02 hereof, the Trustee shall authenticate and
     deliver an Unrestricted Definitive Note in the appropriate principal amount
     to the Person designated by the holder of such beneficial interest in
     instructions delivered to the Registrar by the Depositary and the
     applicable Participant or Indirect Participant on behalf of such holder.
     Any Unrestricted Definitive Note issued in exchange for a beneficial
     interest pursuant to this Section 2.06(c)(iv) shall be registered in such
     name or names and in such authorized denomination or denominations as the
     holder of such beneficial interest shall designate in such instructions.
     The Trustee shall deliver such Unrestricted Definitive Notes to the Persons
     in whose names such Notes are so registered. Any Unrestricted Definitive
     Note issued in exchange for a beneficial interest pursuant to this Section
     2.06(c)(iv) shall not bear the Private Placement Legend.

     (d) Transfer and Exchange of Definitive Notes for Beneficial Interests in
the Global Notes.

          (i) Transfer or Exchange of Restricted Definitive Notes to Beneficial
     Interests in Restricted Global Notes. If any holder of a Restricted
     Definitive Note proposes to exchange such Restricted Definitive Note for a
     beneficial interest in a Restricted Global Note or to transfer such
     Restricted Definitive Notes to a Person who takes delivery thereof in the
     form of a beneficial interest in a Restricted Global Note, then, upon
     receipt by the Registrar of the following documentation:

               (A) if the holder of such Restricted Definitive Note proposes to
          exchange such Restricted Definitive Note for a beneficial interest in
          a Restricted Global Note, a certificate from such holder in the form
          of Exhibit C hereto, including the certifications in item (2)(b)
          thereof;

               (B) if such Restricted Definitive Note is being transferred to a
          QIB in accordance with Rule 144A, a certificate to the effect set
          forth in Exhibit B hereto, including the certifications in item (1)
          thereof;

               (C) if such Restricted Definitive Note is being transferred to a
          "non-U.S. Person" in an offshore transaction (as defined in Rule
          902(k) of Regulation S) in accordance with Rule 903 or Rule 904, a
          certificate to the effect set forth in Exhibit B hereto, including the
          certifications in item (2) thereof;

               (D) if such Restricted Definitive Note is being transferred
          pursuant to an exemption from the registration requirements of the
          Securities Act in accordance with Rule 144, a certificate to the
          effect set forth in Exhibit B hereto, including the certifications in
          item (3)(a) thereof;

               (E) if such Restricted Definitive Note is being transferred to an
          Institutional Accredited Investor in reliance on an exemption from the
          registration requirements of the Securities Act other than those
          listed in clauses (B) through (D) above, a certificate to the effect
          set forth in Exhibit B hereto, including the certifications,
          certificates and Opinion of Counsel required by item (3)(d) thereof,
          if applicable; or

               (F) if such Restricted Definitive Note is being transferred to
          the Company or any of its Subsidiaries, a certificate to the effect
          set forth in Exhibit B hereto, including the certifications in item
          (3)(b) thereof,

         the Trustee shall cancel the Restricted Definitive Note, increase or
         cause to be increased in a corresponding amount pursuant to Section
         2.06(h) hereof, the aggregate principal amount of, in the case of
         clause (A) above, the appropriate Restricted Global Note, in the case
         of clause (B) above, a 144A Global Note, in the case of clause (C)
         above, a Regulation S Global Note, and in all other cases, a IAI Global
         Note.

          (ii) Transfer or Exchange of Restricted Definitive Notes to Beneficial
     Interests in Unrestricted Global Notes. A holder of a Restricted Definitive
     Note may exchange such Restricted Definitive Note for a beneficial interest
     in an Unrestricted Global Note or transfer such Restricted Definitive Note
     to a Person who takes delivery thereof in the form of a beneficial interest
     in an Unrestricted Global Note only if:

               (A) such exchange or transfer is effected pursuant to an Exchange
          Offer in accordance with a Registration Rights Agreement and the
          holder of such beneficial interest, in the case of an exchange, or the
          transferee, in the case of a transfer, makes any and all
          certifications in the applicable Letter of Transmittal (or is deemed
          to have made such certifications if delivery is made through the
          Applicable Procedures) as may be required by such Registration Rights
          Agreement;

               (B) such transfer is effected pursuant to a Shelf Registration
          Statement in accordance with a Registration Rights Agreement;

               (C) such transfer is effected by a broker-dealer pursuant to an
          Exchange Offer Registration Statement in accordance with a
          Registration Rights Agreement; or

               (D) the Registrar receives the following:

                    (1) if the holder of such Restricted Definitive Note
               proposes to exchange such Restricted Definitive Note for a
               beneficial interest in an Unrestricted Global Note, a certificate
               from such holder in the form of Exhibit C hereto, including the
               certifications in item (1)(c) thereof; or

                    (2) if the holder of such Restricted Definitive Note
               proposes to transfer such Restricted Definitive Note to a Person
               who shall take delivery thereof in the form of a beneficial
               interest in an Unrestricted Global Note, a certificate from such
               Holder in the form of Exhibit B hereto, including the
               certifications in item (4) thereof;

          and, in each such case set forth in this clause (D), if the Registrar
          so requests or if the Applicable Procedures so require, an Opinion of
          Counsel in form reasonably acceptable to the Registrar to the effect
          that such exchange or transfer shall be effected in compliance with
          the Securities Act and that the restrictions on transfer contained
          herein and in the Private Placement Legend shall no longer be required
          in order to maintain compliance with the Securities Act.

          Upon  satisfaction  of the  conditions  of any of the  clauses in this
     Section  2.06(d)(ii),  the Trustee shall cancel such Restricted  Definitive
     Note and  increase  or  cause to be  increased  in a  corresponding  amount
     pursuant to Section 2.06(h) hereof,  the aggregate  principal amount of the
     Unrestricted Global Note.

          (iii) Transfer or Exchange of Unrestricted Definitive Notes to
     Beneficial Interests in Unrestricted Global Notes. A holder of an
     Unrestricted Definitive Note may exchange such Unrestricted Definitive Note
     for a beneficial interest in an Unrestricted Global Note or transfer such
     Unrestricted Definitive Note to a Person who takes delivery thereof in the
     form of a beneficial interest in an Unrestricted Global Note at any time.
     Upon receipt of a request for such an exchange or transfer, the Trustee
     shall cancel the applicable Unrestricted Definitive Note and increase or
     cause to be increased in a corresponding amount pursuant to Section 2.06(h)
     hereof the aggregate principal amount of one of the Unrestricted Global
     Notes.

          (iv) Transfer or Exchange of Unrestricted Definitive Notes to
     Beneficial Interests in Restricted Global Notes Prohibited. An Unrestricted
     Definitive Note may not be exchanged for, or transferred to Persons who
     take delivery thereof in the form of, beneficial interests in a Restricted
     Global Note.

     (e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon
request by a Holder of Definitive Notes and such Holder's compliance with the
provisions of this Section 2.06(e), the Registrar shall register the transfer or
exchange of Definitive Notes. Prior to such registration of transfer or
exchange, the requesting Holder shall present or surrender to the Registrar the
Definitive Notes duly endorsed or accompanied by a written instruction of
transfer in form satisfactory to the Registrar duly executed by such holder. In
addition, the requesting holder shall provide any additional certifications,
documents and information, as applicable, required pursuant to the following
provisions of this Section 2.06(e).

          (i) Transfer of Restricted Definitive Notes to Restricted Definitive
     Notes. Any Restricted Definitive Note may be transferred to and registered
     in the name of Persons who take delivery thereof in the form of a
     Restricted Definitive Note if the Registrar receives the following:

               (A) if the transfer will be made pursuant to Rule 144A, a
          certificate in the form of Exhibit B hereto, including the
          certifications in item (1) thereof;

               (B) if the transfer will be made pursuant to Rule 903 or Rule
          904, a certificate in the form of Exhibit B hereto, including the
          certifications in item (2) thereof; and

               (C) if the transfer will be made pursuant to any other exemption
          from the registration requirements of the Securities Act, a
          certificate in the form of Exhibit B hereto, including the
          certifications, certificates and Opinion of Counsel required by item
          (3) thereof, if applicable.

          (ii) Transfer or Exchange of Restricted Definitive Notes to
     Unrestricted Definitive Notes. Any Restricted Definitive Note may be
     exchanged by the holder thereof for an Unrestricted Definitive Note or
     transferred to a Person or Persons who take delivery thereof in the form of
     an Unrestricted Definitive Note only if:

               (A) such exchange or transfer is effected pursuant to an Exchange
          Offer in accordance with a Registration Rights Agreement and the
          holder, in the case of an exchange, or the transferee, in the case of
          a transfer, makes any and all certifications in the applicable Letter
          of Transmittal (or is deemed to have made such certifications if
          delivery is made through the Applicable Procedures) as may be required
          by a Registration Rights Agreement;

               (B) any such transfer is effected pursuant to a Shelf
          Registration Statement in accordance with a Registration Rights
          Agreement;

               (C) any such transfer is effected by a broker-dealer pursuant to
          an Exchange Offer Registration Statement in accordance with a
          Registration Rights Agreement; or

               (D) the Registrar receives the following:

                    (1) if the holder of such Restricted Definitive Note
               proposes to exchange such Restricted Definitive Notes for an
               Unrestricted Definitive Note, a certificate from such holder in
               the form of Exhibit C hereto, including the certifications in
               item (1)(d) thereof; or

                    (2) if the holder of such Restricted Definitive Notes
               proposes to transfer such Restricted Definitive Notes to a Person
               who shall take delivery thereof in the form of an Unrestricted
               Definitive Note, a certificate from such holder in the form of
               Exhibit B hereto, including the certifications in item (4)
               thereof;

          and, in each such case set forth in this clause (D), if the Registrar
          so requests, an Opinion of Counsel in form reasonably acceptable to
          the Registrar to the effect that such exchange or transfer complies
          with the Securities Act and that the restrictions on transfer
          contained herein and in the Private Placement Legend are no longer
          required in order to maintain compliance with the Securities Act.

               Upon satisfaction of the conditions of any of the clauses of this
          Section 2.06(e)(ii), the Trustee shall cancel the prior Restricted
          Definitive Note and the Company shall execute, and upon receipt of an
          Authentication Order in accordance with Section 2.02 hereof, the
          Trustee shall authenticate and deliver an Unrestricted Definitive Note
          in the appropriate aggregate principal amount to the Person designated
          by the holder of such prior Restricted Definitive Note in instructions
          delivered to the Registrar by such holder.

          (iii) Transfer of Unrestricted Definitive Notes to Unrestricted
     Definitive Notes. A holder of Unrestricted Definitive Notes may transfer
     such Unrestricted Definitive Notes to a Person who takes delivery thereof
     in the form of an Unrestricted Definitive Note. Upon receipt of a request
     to register such a transfer, the Registrar shall register the Unrestricted
     Definitive Notes pursuant to the instructions from the holder thereof.

     (f) Exchange Offer. Upon the occurrence of an Exchange Offer in accordance
with a Registration Rights Agreement, the Company shall issue and, upon receipt
of an Authentication Order in accordance with Section 2.02 hereof, the Trustee
shall authenticate (A) one or more Unrestricted Global Notes in an aggregate
principal amount equal to the aggregate principal amount of the beneficial
interests in the applicable Restricted Global Notes (1) tendered for acceptance
by Persons that make any and all certifications in the applicable Letters of
Transmittal (or are deemed to have made such certifications if delivery is made
through the Applicable Procedures) as may be required by such Registration
Rights Agreement and (2) accepted for exchange in such Exchange Offer and (B)
Unrestricted Definitive Notes in an aggregate principal amount equal to the
aggregate principal amount of the Restricted Definitive Notes tendered for
acceptance by Persons who made the foregoing certifications and accepted for
exchange in the Exchange Offer. Concurrently with the issuance of such Notes,
the Trustee shall reduce or cause to be reduced in a corresponding amount the
aggregate principal amount of the applicable Restricted Global Notes, and the
Company shall execute and, upon receipt of an Authentication Order in accordance
with Section 2.02 hereof, the Trustee shall authenticate and deliver to the
Persons designated by the holders of Restricted Definitive Notes so accepted
Unrestricted Definitive Notes in the appropriate aggregate principal amount.

     (g) Legends. The following legends shall appear on the face of all Global
Notes and Definitive Notes issued under this Indenture unless specifically
stated otherwise in the applicable provisions of this Indenture.

          (i) Private Placement Legend.

               (A) Except as permitted by subparagraph (B) below, each Global
          Note and each Definitive Note (and all Notes issued in exchange
          therefor or substitution thereof) shall bear the legend in
          substantially the following form:

               "THE NOTES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
          SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR OTHER
          SECURITIES LAWS. NEITHER THIS NOTE NOR ANY INTEREST OR PARTICIPATION
          HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
          ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
          REGISTRATION UNLESS THE TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO,
          THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THE HOLDER OF
          THIS SECURITY BY ITS ACCEPTANCE HEREOF (1) REPRESENTS THAT (A) IT IS A
          "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A UNDER THE
          SECURITIES ACT) OR (B) IT IS NOT A U.S. PERSON AND IT IS ACQUIRING
          THIS NOTE IN AN "OFFSHORE TRANSACTION" PURSUANT TO RULE 904 OF
          REGULATION S UNDER THE SECURITIES ACT, OR (C) IT IS AN INSTITUTIONAL
          "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPHS (A)(1), (2),
          (3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT, (2) AGREES THAT IT
          WILL NOT, PRIOR TO (X) THE DATE WHICH IS TWO YEARS (OR SUCH SHORTER
          PERIOD OF TIME AS PERMITTED BY RULE 144(k) UNDER THE SECURITIES ACT OR
          ANY SUCCESSOR PROVISION THEREUNDER) AFTER THE LATER OF THE ORIGINAL
          ISSUE DATE HEREOF (OR OF ANY PREDECESSOR OF THIS NOTE) OR THE LAST DAY
          ON WHICH THE COMPANY OR ANY AFFILIATE OF THE COMPANY WAS THE OWNER OF
          THIS NOTE (OR ANY PREDECESSOR OF THIS NOTE) AND (Y) SUCH LATER DATE,
          IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW (THE "RESALE RESTRICTION
          TERMINATION DATE"), OFFER, SELL OR OTHERWISE TRANSFER THIS NOTE EXCEPT
          (A) TO THE COMPANY, (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS
          BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS
          THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON
          IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED
          IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN
          ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM
          NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE
          144A INSIDE THE UNITED STATES, (D) PURSUANT TO OFFERS AND SALES TO
          NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE
          MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN
          INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF
          SUBPARAGRAPHS (A)(1), (2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES
          ACT THAT, PRIOR TO SUCH TRANSFER, FURNISHES TO THE TRUSTEE A SIGNED
          LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO
          THE RESTRICTIONS ON THE TRANSFER OF THIS NOTE (WHICH CAN BE OBTAINED
          FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF LESS THAN
          $100,000 PRINCIPAL AMOUNT OF NOTES, AN OPINION OF COUNSEL ACCEPTABLE
          TO DOBSON COMMUNICATIONS CORPORATION THAT SUCH TRANSFER IS IN
          COMPLIANCE WITH THE SECURITIES ACT, OR (F) PURSUANT TO ANY OTHER
          AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
          SECURITIES ACT AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM
          THIS NOTE IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS
          LEGEND; PROVIDED THE COMPANY, THE TRUSTEE, AND THE REGISTRAR SHALL
          HAVE THE RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER (I) PURSUANT
          TO CLAUSE (D) OR (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL,
          CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM,
          AND (II) IN EACH OF THE FOREGOING CASES, TO REQUIRE THAT A
          CERTIFICATION OF TRANSFER IN THE FORM APPEARING ON THE OTHER SIDE OF
          THIS NOTE IS COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE TRUSTEE.
          THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE
          RESALE RESTRICTION TERMINATION DATE. AS USED HEREIN, THE TERMS
          "OFFSHORE TRANSACTION," "UNITED STATES" AND "U.S. PERSON" HAVE THE
          MEANINGS GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT."

               (B) Notwithstanding the foregoing, any Global Note or Definitive
          Note issued pursuant to subparagraphs (b)(iv), (c)(ii), (c)(iii),
          (d)(ii), (d)(iii), (e)(ii), (e)(iii) or (f) to this Section 2.06 (and
          all Notes issued in exchange therefor or substitution thereof) shall
          not bear the Private Placement Legend.

          (ii) Global Note Legend. Each Global Note shall bear a legend in
     substantially the following form:

          "THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE
          INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE
          BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO
          ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY
          MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06
          OR IN ACCORDANCE WITH SECTION 9.05 OF THE INDENTURE, (II) THIS GLOBAL
          NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION
          2.06(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO
          THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE
          AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY
          WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY."

          "UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN
          DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY
          THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE
          DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR
          BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A
          NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS
          PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
          COMPANY (55 WATER STREET, NEW YORK, NEW YORK) ("DTC"), TO THE COMPANY
          OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
          ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH
          OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
          (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE
          REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
          PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
          IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
          AN INTEREST HEREIN."

     (h) Cancellation and/or Adjustment of Global Notes. At such time as all
beneficial interests in a particular Global Note have been exchanged for
Definitive Notes or a particular Global Note has been redeemed, repurchased or
cancelled in whole and not in part, each such Global Note shall be returned to
or retained and cancelled by the Trustee in accordance with Section 2.11 hereof.
At any time prior to such cancellation, if any beneficial interest in a Global
Note is exchanged for or transferred to a Person who will take delivery thereof
in the form of a beneficial interest in another Global Note or for Definitive
Notes, the aggregate principal amount of Notes represented by such Global Note
shall be reduced accordingly and an endorsement shall be made on such Global
Note by the Trustee or by the Depositary at the direction of the Trustee to
reflect such reduction; and if the beneficial interest is being exchanged for or
transferred to a Person who will take delivery thereof in the form of a
beneficial interest in another Global Note, the aggregate principal amount of
such other Global Note shall be increased accordingly and an endorsement shall
be made on such Global Note by the Trustee or by the Depositary at the direction
of the Trustee to reflect such increase.

     (i) General Provisions Relating to Transfers and Exchanges.

          (i) No service charge shall be made to a Holder of a beneficial
     interest in a Global Note or to a Holder of a Definitive Note for any
     registration of transfer or exchange, but the Company may require payment
     of a sum sufficient to cover any transfer tax or similar governmental
     charge payable in connection therewith (other than any such transfer taxes
     or similar governmental charge payable upon exchange or transfer pursuant
     to Sections 2.10, 3.06, 4.11, 4.15 and 9.05 hereof).

          (ii) All Global Notes and Definitive Notes issued upon any
     registration of transfer or exchange of Global Notes or Definitive Notes
     shall be the valid obligations of the Company, evidencing the same debt as
     the Global Notes or Definitive Notes surrendered upon such registration of
     transfer or exchange and shall be entitled to all of the benefits of this
     Indenture equally and proportionately with all other Notes duly issued
     hereunder.

          (iii) Neither the Registrar nor the Company shall be required (A) to
     issue, to register the transfer of or to exchange any Notes during a period
     beginning at the opening of business 15 days before the day of any
     selection of Notes for redemption under Section 3.02 hereof and ending at
     the close of business on the date of selection, (B) to register the
     transfer of or to exchange any Note so selected for redemption in whole or
     in part, except the unredeemed portion of any Note being redeemed in part
     or (C) to register the transfer of or to exchange a Note between a record
     date (including a Regular Record Date) and the next succeeding Interest
     Payment Date.

          (iv) Prior to due presentment for the registration of transfer of any
     Note, the Trustee, any Agent and the Company may deem and treat the Person
     in whose name any Note is registered as the absolute owner of such Note for
     the purpose of receiving payment of principal of, premium, if any, and
     interest on such Note and for all other purposes, in each case regardless
     of any notice to the contrary.

          (v) All certifications, certificates and Opinions of Counsel required
     to be submitted to the Registrar pursuant to this Section 2.06 to effect a
     registration of transfer or exchange may be submitted by facsimile.

          (vi) The Trustee is hereby authorized and directed to enter into a
     letter of representation with the Depositary in the form provided by the
     Company and to act in accordance with such letter.

SECTION 2.07.  REPLACEMENT NOTES.

     (a) If any mutilated Note is surrendered to the Trustee or the Company and
the Trustee receives evidence to its satisfaction of the destruction, loss or
theft of any Note, the Company shall issue and the Trustee, upon receipt of an
Authentication Order in accordance with Section 2.02 with respect to such Note,
shall authenticate a replacement Note if the Trustee's requirements are met. If
required by the Trustee or the Company, an indemnity bond must be supplied by
the Holder that is sufficient in the judgment of the Trustee and the Company to
protect the Company, the Trustee, any Agent and any authenticating agent from
any loss that any of them may suffer if a Note is replaced. The Company may
charge for its expenses in replacing a Note.

     (b) Every replacement Note is an additional obligation of the Company and
shall be entitled to all of the benefits of this Indenture equally and
proportionately with all other Notes duly issued hereunder.

SECTION 2.08.  OUTSTANDING NOTES.

     (a) The Notes outstanding at any time are all the Notes authenticated by
the Trustee except for those cancelled by it, those delivered to it for
cancellation, those reductions in the interest in a Global Note effected by the
Trustee in accordance with the provisions hereof, and those described in this
Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof, a
Note does not cease to be outstanding because the Company or an Affiliate of the
Company holds the Note; however, Notes held by the Company or a Subsidiary of
the Company shall not be deemed to be outstanding for purposes of Section
3.07(b) hereof.

     (b) If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be
outstanding and interest on the Notes ceases to accrue unless the Trustee
receives proof satisfactory to it that the replaced Note is held by a bona fide
purchaser.

     (c) If the principal amount of any Note is considered paid under Section
4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue.

     (d) If the Paying Agent (other than the Company, a Subsidiary or an
Affiliate of any thereof) holds, on a redemption date or maturity date, money
for the purposes of and sufficient to pay Notes payable on that date, then on
and after that date such Notes shall be deemed to be no longer outstanding and
shall cease to accrue interest.

SECTION 2.09.  TREASURY NOTES.

     In determining whether the Holders of the required principal amount of
Notes have concurred in any direction, waiver or consent, Notes owned by the
Company, or by any Person directly or indirectly controlling or controlled by or
under direct or indirect common control with the Company, shall be considered as
though not outstanding, except that for the purposes of determining whether the
Trustee shall be protected in relying on any such direction, waiver or consent,
only Notes that the Trustee knows are so owned shall be so disregarded.

SECTION 2.10.  TEMPORARY NOTES.

     Until certificates representing Notes are ready for delivery, the Company
may prepare and the Trustee, upon receipt of an Authentication Order in
accordance with Section 2.02 with respect to such Notes, shall authenticate
temporary Notes. Temporary Notes shall be substantially in the form of
Definitive Notes but may have variations that the Company considers appropriate
for temporary Notes and as shall be reasonably acceptable to the Trustee.
Without unreasonable delay, the Company shall prepare and the Trustee shall
authenticate Definitive Notes in exchange for temporary Notes. After the
preparation of Definitive Notes, the temporary Notes shall be exchangeable for
definitive Notes upon surrender of the temporary Notes at the office or agency
of the Company designated for such purpose pursuant to Section 4.02 without
charge to the Holder. Upon surrender for cancellation of any one or more
temporary Notes, the Company shall execute and, upon receipt of an
Authentication Order in accordance with Section 2.02 with respect to such Notes,
the Trustee shall authenticate and deliver in exchange therefor a like principal
amount of Definitive Notes of authorized denominations.

     Holders of temporary Notes shall be entitled to all of the benefits of this
Indenture.

SECTION 2.11.  CANCELLATION.

     The Company at any time may deliver Notes to the Trustee for cancellation.
The Registrar and Paying Agent shall forward to the Trustee any Notes
surrendered to them for registration of transfer, exchange or payment. The
Trustee upon direction by the Company and no one else shall cancel all Notes
surrendered for registration of transfer, exchange, payment, replacement or
cancellation and shall destroy cancelled Notes (subject to the record retention
requirements of the Exchange Act). Certification of the destruction of all
cancelled Notes shall be delivered to the Company. The Company may not issue new
Notes to replace Notes that it has paid or that have been delivered to the
Trustee for cancellation.

SECTION 2.12.  DEFAULTED INTEREST.

     If the Company defaults in a payment of interest on the Notes, it shall pay
the defaulted interest in any lawful manner plus, to the extent lawful, interest
payable on the defaulted interest, to the Persons who are Holders on a
subsequent special record date, in each case at the rate provided in the Notes
and in Section 4.01 hereof. The Company shall notify the Trustee in writing of
the amount of defaulted interest proposed to be paid on each Note and the date
of the proposed payment. The Company shall fix or cause to be fixed each such
special record date and payment date; provided, however, that no such special
record date shall be less than 5 days prior to the related payment date for such
defaulted interest. At least 10 days before the special record date, the Company
(or, upon the written request of the Company, the Trustee in the name and at the
expense of the Company) shall mail or cause to be mailed to Holders a notice
that states the special record date, the related payment date and the amount of
such interest to be paid.

SECTION 2.13.  CUSIP AND ISIN NUMBERS.

     The Company in issuing the Notes may use "CUSIP" and "ISIN" numbers (if
then generally in use), and, if so, the Trustee shall use "CUSIP" and "ISIN"
numbers in notices of redemption as a convenience to Holders; provided, however,
that any such notice may state that no representation is made as to the
correctness of such numbers either as printed on the Notes or as contained in
any notice of a redemption and that reliance may be placed only on the other
identification numbers printed on the Notes, and any such redemption shall not
be affected by any defect in or omission of such numbers. The Company will
promptly notify the Trustee of any change in the "CUSIP" and "ISIN" numbers.

SECTION 2.14.  ADDITIONAL INTEREST.

     If Additional Interest is payable by the Company pursuant to a Registration
Rights Agreement, the Company shall deliver to the Trustee a certificate to that
effect stating (i) the amount of such Additional Interest that is payable and
(ii) the date on which such interest is payable pursuant to Section 4.01 hereof.
Unless and until a Responsible Officer of the Trustee receives such a
certificate or instruction or direction from the Holders in accordance with the
terms of this Indenture, the Trustee may assume without inquiry that no
Additional Interest is payable. The foregoing shall not prejudice the rights of
the Holders with respect to their entitlement to Additional Interest as
otherwise set forth in this Indenture or the Notes and pursuing any action
against the Company directly or otherwise directing the Trustee to take any such
action in accordance with the terms of this Indenture and the Notes. If the
Company has paid Additional Interest directly to the Persons entitled to it, the
Company shall deliver to the Trustee an Officers' Certificate setting forth the
details of such payment.

                                   ARTICLE 3.

                           REDEMPTION AND PREPAYMENT

SECTION 3.01.  NOTICES TO TRUSTEE.

     If the Company elects to redeem Notes pursuant to the optional redemption
provisions of Section 3.07 hereof, it shall furnish to the Trustee, at least 45
days (unless a shorter period shall be agreed to by the Trustee) but not more
than 60 days before a redemption date (but in any event prior to the notice
provided pursuant to Section 3.03 hereof), an Officers' Certificate setting
forth (i) the clause of this Indenture pursuant to which the redemption shall
occur, (ii) the redemption date, (iii) the principal amount of Notes to be
redeemed and (iv) the redemption price.

SECTION 3.02.  SELECTION OF NOTES TO BE REDEEMED.

     If less than all of the Notes are to be redeemed or purchased in an Offer
to Purchase at any time, the Trustee shall select the Notes to be redeemed or
purchased among the Holders in compliance with the requirements of the principal
national securities exchange, if any, on which the Notes are listed or, if the
Notes are not so listed, on a pro rata basis, by lot or in accordance with any
other method the Trustee considers fair and appropriate or in accordance with
the Applicable Procedures. In the event of partial redemption by lot, the
particular Notes to be redeemed shall be selected, unless otherwise provided
herein, not less than 30 nor more than 60 days prior to the redemption date by
the Trustee from the outstanding Notes not previously called for redemption.

     The Trustee shall promptly notify the Company in writing of the Notes
selected for redemption or purchase and, in the case of any Note selected for
partial redemption or purchase, the principal amount thereof to be redeemed.
Notes and portions of Notes selected shall be in amounts of $1,000 or whole
multiples of $1,000; except that if all of the Notes of a Holder are to be
redeemed or purchased, the entire outstanding amount of Notes held by such
Holder, even if not a multiple of $1,000, shall be redeemed or purchased. Except
as provided in the preceding sentence, provisions of this Indenture that apply
to Notes called for redemption or subject to purchase also apply to portions of
Notes called for redemption or subject to purchase.

SECTION 3.03.  NOTICE OF REDEMPTION.

     Subject to the provisions of Section 3.07 hereof, at least 30 days but not
more than 60 days before a redemption date, the Company shall mail or cause to
be mailed, by first class mail, a notice of redemption to each Holder whose
Notes are to be redeemed at its registered address.

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

          (a) the redemption date;

          (b) the redemption price;

          (c) if any Note is being redeemed in part, the portion of the
     principal amount of such Note to be redeemed and that, after the redemption
     date upon surrender of such Note, a new Note or Notes in principal amount
     equal to the unredeemed portion shall be issued upon cancellation of the
     original Note;

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

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

          (f) that, unless the Company defaults in making such redemption
     payment, interest and Additional Interest, if any, on Notes called for
     redemption ceases to accrue on and after the redemption date;

          (g) the paragraph of the Notes or Section of this Indenture pursuant
     to which the Notes called for redemption are being redeemed; and

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

     At the Company's request, the Trustee shall give the notice of redemption
in the Company's name and at its expense; provided, however, that the Company
shall have delivered to the Trustee at least 45 days (unless a shorter period
shall be agreed to by the Trustee in writing) but not more than 60 days prior to
the redemption date, an Officers' Certificate in accordance with Sections 11.04
and 11.05 requesting that the Trustee give such notice and setting forth the
information to be stated in such notice as provided in the preceding paragraph.

SECTION 3.04.  EFFECT OF NOTICE OF REDEMPTION.

     Once notice of redemption is mailed in accordance with Section 3.03 hereof,
Notes called for redemption shall become irrevocably due and payable on the
redemption date at the redemption price. A notice of redemption may not be
conditional.

     A notice of redemption shall be deemed to be given when mailed, whether or
not the Holder receives the notice. In any event, failure to give such notice,
or any defect in such notice, shall not affect the validity of the proceedings
for the redemption of the Notes held by Holders to whom such notice was properly
given.

SECTION 3.05.  DEPOSIT OF REDEMPTION PRICE.

     On or one Business Day prior to the redemption date, the Company shall
deposit with the Trustee or with the Paying Agent money sufficient to pay the
redemption price of and accrued interest and Additional Interest, if any, on all
Notes to be redeemed on that date. The Trustee or the Paying Agent shall
promptly return to the Company any money deposited with the Trustee or the
Paying Agent by the Company in excess of the amounts necessary to pay the
redemption price of, and accrued interest on, all Notes to be redeemed.

     If the Company complies with the provisions of the preceding paragraph or
Section 3.09, as applicable, on and after the redemption or purchase date, as
applicable, interest shall cease to accrue on the Notes or the portions of Notes
called for redemption or subject to purchase. If a Note is redeemed or purchased
on or after an interest record date but on or prior to the related interest
payment date, then any accrued and unpaid interest shall be paid to the Person
in whose name such Note was registered at the close of business on such record
date. If any Note called for redemption or subject to purchase shall not be so
paid upon surrender for redemption or purchase because of the failure of the
Company to comply with the preceding paragraph or Section 3.09, as applicable,
interest shall be paid on the unpaid principal from the redemption date or
Purchase Date, as applicable, until such principal is paid, and to the extent
lawful on any interest not paid on such unpaid principal, in each case at the
rate provided in the Notes and in Section 4.01 hereof.

SECTION 3.06.  NOTES REDEEMED IN PART.

     Upon surrender of a Note that is redeemed in part, the Company shall issue
and, upon receipt of an Authentication Order in accordance with Section 2.02
with respect to such Notes, the Trustee shall authenticate for the Holder at the
expense of the Company a new Note equal in principal amount to the unredeemed
portion of the Note surrendered.

SECTION 3.07.  OPTIONAL REDEMPTION.

     (a) The Company may redeem the Notes at any time and from time to time on
or after October 1, 2008, at its option, in whole or in part, at a redemption
price equal to the percentage of principal amount set forth below, plus accrued
and unpaid interest and Additional Interest, if any, on the Notes redeemed to
the applicable redemption date, if redeemed during the 12-month period beginning
on October 1 each of the years set forth below:

               Year                              Percentage
               ----                              ----------

               2008..............                108.438%
               2009..............                102.958%
               2010..............                101.479%
               2011 and thereafter               100.000%

     (b) In addition, at any time and from time to time on or prior to October
1, 2006, the Company may redeem up to 35% of the principal amount of the Notes
at a redemption price equal to 108.875% of their principal amount, plus accrued
and unpaid interest and Additional Interest, if any, on the Notes redeemed to
the redemption date, with the proceeds of one or more sales of its Capital Stock
(other than Disqualified Stock); provided that, in each case, such redemption
date occurs within 180 days after consummation of such sale and at least 65%
aggregate principal amount of the Notes issued on the Issue Date remains
outstanding after each such redemption.

     (c) In addition to the foregoing, at any time prior to October 1, 2008, the
Company may also redeem the Notes in whole or in part, at a redemption price
equal to 100% of the principal amount thereof plus the Applicable Premium as of,
and accrued and unpaid interest and Additional Interest, if any, to, the date of
redemption (subject to the right of Holders on the relevant record date to
receive interest due on the relevant interest payment date in respect of then
outstanding Notes).

SECTION 3.08.  MANDATORY REDEMPTION.

     Except as described below under Sections 4.11 and 4.15, the Company is not
required to make any mandatory redemption of, sinking fund payments for, or
offer to repurchase any Notes.

SECTION 3.09.  OFFER TO PURCHASE.

     (a) In the event that, pursuant to Section 4.11 or 4.15 hereof, the Company
shall be required to commence an Asset Sale Offer or Change of Control Offer
(each, an "Offer to Purchase"), it shall follow the procedures specified below.

     (b) The Company shall cause a notice of the Offer to Purchase to be sent at
least once to the Dow Jones News Service or similar business news service in the
United States.

     (c) The Company shall commence the Offer to Purchase by sending, by
first-class mail, with a copy to the Trustee, to each Holder at such Holder's
address appearing in the Security Register, a notice the terms of which shall
govern the Offer to Purchase stating:

          (i) that the Offer to Purchase is being made pursuant to this Section
     3.09 and Section 4.11 or Section 4.15, as the case may be, and, in the case
     of a Change of Control Offer, that a Change of Control has occurred, the
     circumstances and relevant facts regarding the Change of Control and that a
     Change of Control Offer is being made pursuant to Section 4.15;

          (ii) the principal amount of Notes required to be purchased pursuant
     to Section 4.11 or Section 4.15, as the case may be (the "Offer Amount"),
     the purchase price set forth in Section 4.11 or Section 4.15, as
     applicable, the Offer Period and the Purchase Date (each as defined below);

          (iii) except as provided in clause (ix), that all Notes timely
     tendered and not withdrawn shall be accepted for payment;

          (iv) that any Note not tendered or accepted for payment shall continue
     to accrue interest;

          (v) that, unless the Company defaults in making such payment, any Note
     accepted for payment pursuant to the Offer to Purchase shall cease to
     accrue interest after the Purchase Date;

          (vi) that Holders electing to have a Note purchased pursuant to an
     Offer to Purchase may elect to have Notes purchased in integral multiples
     of $1,000 only;

          (vii) that Holders electing to have a Note purchased pursuant to any
     Offer to Purchase shall be required to surrender the Note, with the form
     entitled "Option of Holder to Elect Purchase" on the reverse of the Note
     completed, or transfer by book-entry transfer, to the Company, the
     Depositary, if appointed by the Company, or a Paying Agent at the address
     specified in the notice before the close of business on the third Business
     Day before the Purchase Date;

          (viii) that Holders shall be entitled to withdraw their election if
     the Company, the Depositary or the Paying Agent, as the case may be,
     receives, not later than the expiration of the Offer Period, a telegram,
     facsimile transmission or letter setting forth the name of the Holder, the
     principal amount of the Note (or portions thereof) the Holder delivered for
     purchase and a statement that such Holder is withdrawing his election to
     have such Note purchased;

          (ix) that, in the case of an Asset Sale Offer, if the aggregate
     principal amount of Notes surrendered by Holders exceeds the Offer Amount,
     the Company shall select the Notes to be purchased on a pro rata basis
     (with such adjustments as may be deemed appropriate by the Company so that
     only Notes in denominations of $1,000 or integral multiples thereof shall
     be purchased);

          (x) that Holders whose Notes were purchased in part shall be issued
     new Notes equal in principal amount to the unpurchased portion of the Notes
     surrendered (or transferred by book-entry transfer); and

          (xi) any other procedures the Holders must follow in order to tender
     their Notes (or portions thereof) for payment and the procedures that
     Holders must follow in order to withdraw an election to tender Notes (or
     portions thereof) for payment.

     (d) The Offer to Purchase shall remain open for a period of at least 30
days but no more than 60 days following its commencement, except to the extent
that a longer period is required by applicable law (the "Offer Period"). No
later than five (5) Business Days (and in any event no later than the 60th day
following the Change of Control) after the termination of the Offer Period (the
"Purchase Date"), the Company shall purchase the Offer Amount or, if less than
the Offer Amount has been tendered, all Notes tendered in response to the Offer
to Purchase. Payment for any Notes so purchased shall be made in the same manner
as interest payments are made. The Company shall publicly announce the results
of the Offer to Purchase on the Purchase Date.

     (e) On or prior to the Purchase Date, the Company shall, to the extent
lawful:

          (i) accept for payment (on a pro rata basis to the extent necessary in
     connection with an Asset Sale Offer), the Offer Amount of Notes or portions
     of Notes properly tendered pursuant to the Offer to Purchase, or if less
     than the Offer Amount has been tendered, all Notes tendered;

          (ii) deposit with the Paying Agent funds in an amount equal to the
     purchase price as set forth in Section 4.11 or Section 4.15, as applicable,
     in respect of all Notes or portions of Notes properly tendered; and

          (iii) deliver or cause to be delivered to the Trustee the Notes so
     accepted together with an Officers' Certificate stating the aggregate
     principal amount of Notes or portions of Notes being purchased by the
     Company that such Notes or portions thereof were accepted for payment by
     the Company in accordance with the terms of this Section 3.09.

     (f) The Depositary or the Paying Agent (or the Company, if acting as the
Paying Agent), as the case may be, shall promptly (but in the case of a Change
of Control, not later than 60 days from the date of the Change of Control)
deliver to each tendering Holder the purchase price as set forth in Section 4.11
or Section 4.15, as applicable. In the event that any portion of the Notes
surrendered is not purchased by the Company, the Company shall promptly execute
and issue a new Note in a principal amount equal to such unpurchased portion of
the Note surrendered, and, upon receipt of an Authentication Order in accordance
with Section 2.02 hereof, the Trustee shall authenticate and deliver (or cause
to be transferred by book-entry) such new Note to such Holder; provided,
however, that each such new Note shall be in a principal amount of $1,000 or an
integral multiple thereof.

     (g) If the Purchase Date is on or after a Regular Record Date and on or
before the related Interest Payment Date, any accrued and unpaid interest shall
be paid to the Person in whose name a Note is registered at the close of
business on such Regular Record Date, and no additional interest shall be
payable to Holders who tender Notes pursuant to the Offer to Purchase.

     (h) The Company shall comply, to the extent applicable, with the
requirements of Rule 14e-1 under the Exchange Act and any other securities laws
and regulations thereunder to the extent those laws and regulations are
applicable in connection with the Offer to Purchase. To the extent that the
provisions of any securities laws or regulations conflict with Sections 4.11 or
4.15, as applicable, this Section 3.09 or other provisions of this Indenture,
the Company shall comply with applicable securities laws and regulations and
shall not be deemed to have breached its obligations under Sections 4.11 or
4.15, as applicable, this Section 3.09 or such other provision by virtue of such
compliance.

     (i) Other than as specifically provided in this Section 3.09, any purchase
pursuant to this Section 3.09 shall be made in accordance with the provisions of
Section 3.01 through 3.06 hereof.

                                   ARTICLE 4.

                                   COVENANTS

SECTION 4.01.  PAYMENT OF NOTES.

     (a) The Company shall pay or cause to be paid the principal of, premium, if
any, Additional Interest, if any, and interest on the Notes on the dates and in
the manner provided in the Notes. Principal, premium, if any, Additional
Interest, if any, and interest shall be considered paid on the date due if the
Paying Agent, if other than the Company or a Subsidiary thereof, holds as of
10:00 a.m. Eastern Time on the due date money deposited by the Company in
immediately available funds and designated for and sufficient to pay all
principal, premium, if any, and interest then due. The Company shall pay all
Additional Interest, if any, in the same manner on the dates and in the amounts
set forth in the Registration Rights Agreement.

     (b) The Company shall pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue principal and premium, if any,
at the rate equal to 1% per annum in excess of the then applicable interest rate
on the Notes to the extent lawful; it shall pay interest (including
post-petition interest in any proceeding under any Bankruptcy Law) on overdue
installments of interest and Additional Interest (without regard to any
applicable grace period) at the same rate to the extent lawful.

SECTION 4.02.  MAINTENANCE OF OFFICE OR AGENCY.

     (a) The Company shall maintain in the Borough of Manhattan, The City of New
York, an office or agency (which may be an office of the Trustee or an affiliate
of the Trustee, Registrar or co-registrar) where Notes may be surrendered for
registration of transfer or for exchange and where notices and demands to or
upon the Company in respect of the Notes and this Indenture may be served. The
Company shall give prompt written notice to the Trustee of the location, and any
change in the location, of such office or agency. If at any time the Company
shall fail to maintain any such required office or agency or shall fail to
furnish the Trustee with the address thereof, such presentations, surrenders,
notices and demands may be made or served at the Corporate Trust Office of the
Trustee.

     (b) The Company may also from time to time designate one or more other
offices or agencies where the Notes may be presented or surrendered for any or
all such purposes and may from time to time rescind such designations; provided,
however, that no such designation or rescission shall in any manner relieve the
Company of its obligation to maintain an office or agency in the Borough of
Manhattan, The City of New York for such purposes. The Company shall give prompt
written notice to the Trustee of any such designation or rescission and of any
change in the location of any such other office or agency.

     (c) The Company hereby designates the Corporate Trust Office of the Trustee
as one such office or agency of the Company in accordance with Section 2.03.

SECTION 4.03.  REPORTS.

     (a) Whether or not required by the Commission, so long as any Notes are
outstanding, the Company shall furnish to the Trustee on behalf of the Holders,
within the time periods specified in the Commission's rules and regulations:

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

          (2) all current reports that would be required to be filed with the
     Commission on Form 8-K if the Company were required to file such reports.

     (b) If the Company has designated any of its Subsidiaries as Unrestricted
Subsidiaries, then the quarterly and annual financial information required by
the preceding paragraph shall include an unaudited condensed consolidating
balance sheet and related statements of income and cash flows of the
Unrestricted Subsidiaries of the Company separate from the financial condition
and results of operations of the Company and its Restricted Subsidiaries.

     (c) Following the consummation of the Exchange Offer, whether or not
required by the Commission, the Company shall file a copy of all of the
information and reports referred to in clauses (a) and (b) above with the
Commission for public availability within the time periods specified in the
Commission's rules and regulations (unless the Commission will not accept such a
filing) and make such information available to securities analysts and
prospective investors upon request. In addition, for so long as any Notes remain
outstanding, the Company shall furnish to the Holders and to securities analysts
and prospective investors, upon their request, the information required to be
delivered pursuant to Rule 144A(d)(4) under the Securities Act.

SECTION 4.04.  COMPLIANCE CERTIFICATE.

     (a) The Company shall deliver to the Trustee, within 90 days after the end
of each fiscal year, an Officers' Certificate in accordance with Sections 11.04
and 11.05 stating that a review of the activities of the Company and its
Restricted Subsidiaries during the preceding fiscal year has been made under the
supervision of the signing Officers with a view to determining whether each of
the Company and its Restricted Subsidiaries has kept, observed, performed and
fulfilled its obligations under this Indenture, and further stating, as to each
such Officer signing such certificate, that to the best of his or her knowledge
the Company has kept, observed, performed and fulfilled each and every covenant
contained in this Indenture and is not in default in the performance or
observance of any of the terms, provisions and conditions of this Indenture (or,
if a Default or Event of Default shall have occurred, describing all such
Defaults or Events of Default of which he or she may have knowledge and what
action the Company is taking or proposes to take with respect thereto) and that
to the best of his or her knowledge no event has occurred and remains in
existence by reason of which payments on account of the principal of or
interest, if any, on the Notes is prohibited or if such event has occurred, a
description of the event and what action the Company is taking or proposes to
take with respect thereto.

     (b) So long as not contrary to the then current recommendations of the
American Institute of Certified Public Accountants, the year-end financial
statements delivered pursuant to Section 4.03(a) above shall be accompanied by a
written statement of the Company's independent public accountants (who shall be
a firm of established national reputation) that in making the examination
necessary for certification of such financial statements, nothing has come to
their attention that would lead them to believe that the Company has violated
any provisions of Article 4 or Article 5 hereof or, if any such violation has
occurred, specifying the nature and period of existence thereof, it being
understood that such accountants shall not be liable directly or indirectly to
any Person for any failure to obtain knowledge of any such violation.

     (c) The Company shall, so long as any of the Notes are outstanding, deliver
to the Trustee, forthwith upon any Officer becoming aware of any Default or
Event of Default, an Officers' Certificate in accordance with Sections 11.04 and
11.05 specifying such Default or Event of Default and what action the Company is
taking or proposes to take with respect thereto.

SECTION 4.05.  TAXES.

     The Company shall pay, and shall cause each of its Subsidiaries to pay,
prior to delinquency, all material taxes, assessments, and governmental levies
except such as are contested in good faith and by appropriate proceedings or
where the failure to effect such payment is not adverse in any material respect
to the Holders.

SECTION 4.06.  STAY, EXTENSION AND USURY LAWS.

     The Company and each Guarantor covenants (to the extent that it may
lawfully do so) that it shall not at any time insist upon, plead, or in any
manner whatsoever claim or take the benefit or advantage of, any stay, extension
or usury law wherever enacted, now or at any time hereafter in force, that may
affect the covenants or the performance of this Indenture; and the Company and
each Guarantor (to the extent that each may lawfully do so) hereby expressly
waives all benefit or advantage of any such law, and covenants that it shall
not, by resort to any such law, hinder, delay or impede the execution of any
power herein granted to the Trustee, but shall suffer and permit the execution
of every such power as though no such law has been enacted.

SECTION 4.07.  RESTRICTED PAYMENTS.

     (a) The Company shall not, and shall not permit any of its Restricted
Subsidiaries to take any of the following actions (each a "Restricted Payment"):

          (i) declare or pay any dividend or make any distributions on or with
     respect to its Capital Stock, other than dividends or distributions payable
     solely in Capital Stock (other than Disqualified Stock) or in options,
     warrants or other rights to acquire shares of Capital Stock (other than
     Disqualified Stock) or dividends or distributions payable to the Company or
     any Restricted Subsidiary; provided that if any such Restricted Subsidiary
     is not a Wholly Owned Subsidiary of the Company, distributions or dividends
     to the stockholders of such Restricted Subsidiary other than the Company
     shall be permitted only to the extent a pro rata portion of such
     distributions or dividends (measured by value) is paid to the Company,

          (ii) purchase, redeem, retire or otherwise acquire for value any
     Capital Stock of

               (A) the Company or an Unrestricted Subsidiary (including options,
          warrants or other rights to acquire such shares of Capital Stock) held
          by any Person, or

               (B) a Restricted Subsidiary (including options, warrants or other
          rights to acquire such shares of Capital Stock) held by any Affiliate
          of the Company (other than a Wholly Owned Restricted Subsidiary) or
          any holder (or any Affiliate of such holder) of 5% or more of the
          Capital Stock of the Company,

          (iii) make any payment on or with respect to, or purchase, redeem,
     defease or otherwise acquire or retire for value any Indebtedness that is
     subordinated to the Notes, except a payment of interest or principal at
     Stated Maturity; or

          (iv) make any Investment, other than a Permitted Investment, in any
     Person,

     unless, in each case, at the time of, and after giving effect to, the
     proposed Restricted Payment:

          (i) no Default or Event of Default shall have occurred and be
     continuing or would result therefrom or shall have occurred and be
     continuing, or

          (ii) the Company would, at the time of such Restricted Payment and
     after giving pro forma effect thereto as if such Restricted Payment had
     been made at the beginning of the applicable two-quarter period, have been
     permitted to incur at least $1.00 of additional Indebtedness under Section
     4.09(a), or

          (iii) the aggregate amount of such Restricted Payments and all other
     Restricted Payments declared or made after the Issue Date (the amount, if
     other than in cash, to be determined in good faith by the Board of
     Directors) is less than the sum of:

               (A) 100% of the Company's Consolidated EBITDA (or, if its
          Consolidated EBITDA is a loss, minus 100% of the amount of such loss)
          accrued during the period treated as one accounting period, beginning
          on July 1, 2000 to the end of the most recent fiscal quarter preceding
          the date of such Restricted Payment for which consolidated financial
          statements of the Companyn have been filed with the Commission, minus
          1.65 times the Company's Consolidated Interest Expense for the same
          period, plus

               (B) the aggregate Net Cash Proceeds received by the Company after
          July 1, 2000 as a capital contribution or from issuing or selling its
          Capital Stock, and options, warrants and other rights to acquire its
          Capital Stock, to a Person who is not a Restricted Subsidiary of the
          Company (in each case, exclusive of any Disqualified Stock or any
          options, warrants or other rights that are redeemable at the option of
          the holder, or are required to be redeemed, prior to the final Stated
          Maturity of the Notes), plus

               (C) an amount equal to the net reduction in Investments that
          constitute Restricted Payments resulting from payments of interest,
          dividends, repayments or loans or advances, returns of capital or
          other transfers of assets to the Company or any Restricted Subsidiary
          or from the Net Cash Proceeds from the sale of any Investment (except
          to the extent any such payment or proceeds are included in the
          calculation of Consolidated EBITDA), or from redesignations of
          Unrestricted Subsidiaries as Restricted Subsidiaries (valued in each
          case as provided in the definition of "Investment"), not to exceed, in
          each case, the amount of the relevant Investments so being reduced or
          sold; plus

               D) $25.0 million.

     (b) Notwithstanding the foregoing, the following actions shall not be
deemed to violate the foregoing limitation on Restricted Payments:

          (i) the payment of any dividend within 60 days after the date of
     declaration thereof if, at the date of declaration, such payment would
     comply with the subparagraphs (i), (ii) and (iii) of Section 4.07(a);

          (ii) the repurchase, redemption, defeasance or other acquisition or
     retirement of Capital Stock of the Company (or options, warrants or other
     rights to acquire such Capital Stock) or any Indebtedness that is
     subordinated to the Notes, in each case in exchange for, or out of the Net
     Cash Proceeds of the substantially concurrent sale (other than to any
     Restricted Subsidiary of the Company) of, shares of Capital Stock (other
     than Disqualified Stock) of the Company;

          (iii) the repurchase, redemption, defeasance or other acquisition or
     retirement of Indebtedness that is subordinated to the Notes with the Net
     Cash Proceeds from an incurrence of Indebtedness that meets the
     requirements of clause (2) of Section 4.09(b);

          (iv) payments or distributions, to dissenting stockholders in
     connection with a consolidation, merger or transfer of assets that complies
     with Section 5.01;

          (v) the purchase, redemption, acquisition, cancellation or other
     retirement for value of shares of Capital Stock of the Company to the
     extent necessary in the good faith judgment of the Company's Board of
     Directors, to prevent the loss or secure the renewal or reinstatement of
     any license or franchise held by the Company or any Restricted Subsidiary
     from any governmental agency;

          (vi) the purchase, redemption, retirement or other acquisition for
     value of Capital Stock of the Company, or options to purchase such shares,
     held by the Company's directors, employees or former directors or employees
     or of any Restricted Subsidiary, or their estates or beneficiaries under
     their estates, upon death, disability, retirement, termination of
     employment or pursuant to the terms of any agreement under which such
     shares of Capital Stock or options were issued, but only if the aggregate
     consideration paid for such purchase, redemption, acquisition, cancellation
     or other retirement of such shares of Capital Stock or options after the
     Issue Date does not exceed $2.5 million in any calendar year or $7.0
     million in the aggregate;

          (vii) Investments in any Person in an aggregate amount at any time
     outstanding not to exceed $50.0 million plus, in the case of an Investment
     in a Person the primary business of which is a Permitted Business, an
     amount not to exceed the Net Cash Proceeds received by the Company after
     the Issue Date from the issuance and sale of its Capital Stock other than
     Disqualified Stock to a Person that is not a Subsidiary, except to the
     extent such Net Cash Proceeds are used to make Restricted Payments pursuant
     to clause (4)(c)(2) of the first paragraph, or clause (B) Section 4.07; or

          (viii) the payment of regularly scheduled cash dividends with respect
     to the Senior Preferred Stock in accordance with the terms thereof as in
     effect on the Issue Date; provided that after giving effect to any such
     payment on a pro forma basis, the Company could incur at least $1.00 of
     Indebtedness under Section 4.09(a);

          provided  that,  except in the case of clauses (i) or (ii), no Default
     or Event of Default,  shall have  occurred and be  continuing or occur as a
     consequence of the actions or payments set forth therein.

     Each Restricted Payment that is permitted as provided in the preceding
paragraph (other than (1) an exchange of Capital Stock for Capital Stock or for
subordinated Indebtedness referred to in clause (ii) above, (2) the repurchase,
redemption or the acquisition or retirement of subordinated Indebtedness
referred to in clause (iii) above, (3) the Net Cash Proceeds from any issuance
of Capital Stock referred to in clause (ii) or issuance of Capital Stock
referred to in clause (vii) above, and (4) the Restricted Payment referred to in
clause (H) above) shall be included in calculating whether the conditions of
clause (iii)(c) Section 4.07(a) have been met with respect to any subsequent
Restricted Payments.

SECTION 4.08.  DIVIDEND AND OTHER PAYMENT RESTRICTIONS AFFECTING
               RESTRICTED SUBSIDIARIES.

     (a) The Company and its Restricted Subsidiaries shall not create or
otherwise cause or permit to exist or become effective any consensual
encumbrance or restriction of any kind on the ability of any Restricted
Subsidiary to:

          (i) pay dividends or make any other distributions permitted by
     applicable law on any Capital Stock of such Restricted Subsidiary owned by
     the Company or any other Restricted Subsidiary,

          (ii) pay any Indebtedness owed to the Company or any other Restricted
     Subsidiary,

          (iii) make loans or advances to the Company or any other Restricted
     Subsidiary or

          (iv) transfer any of its property or assets to the Company or any
     other Restricted Subsidiary.

     (b) The provisions of clause (a) above shall not apply to any encumbrances
or restrictions:

          (i) existing under agreements governing Indebtedness existing on the
     Issue Date and Credit Agreements, and any amendments, extensions,
     refinancings, renewals or replacements of such agreements; provided that,
     the encumbrances and restrictions in any such amendments, extensions,
     refinancings, renewals or replacements are no more restrictive in any
     material respect than those encumbrances or restrictions that are then in
     effect and that are being extended, refinanced, renewed or replaced;

          (ii) existing under or by reason of applicable law;

          (iii) existing with respect to any Person or the property or assets of
     such Person acquired by the Company or any Restricted Subsidiary, existing
     at the time of such acquisition and not incurred in contemplation thereof,
     which encumbrances or restrictions are not applicable to any Person or the
     property or assets of any Person other than such Person or the property or
     assets of such Person so acquired, and any amendments to such encumbrances
     or restrictions; provided that, any such amendments are no more restrictive
     in any material respect than those encumbrances or restrictions that are
     then in effect and that are being amended;

          (iv) in the case of restrictions relating to the transfers of
     property, restrictions that;

               (A) restrict in a customary manner the subletting, assignment or
          transfer of any property or asset that is a lease, license, conveyance
          or contract or similar property or asset,

               (B) exist by virtue of any transfer of, agreement to transfer,
          option or right with respect to, or Lien on, any property or assets of
          the Company or any Restricted Subsidiary not otherwise prohibited by
          this Indenture or

               (C) arise or agreed to in the ordinary course of business, not
          relating to any Indebtedness, and that do not, individually or in the
          aggregate, detract from the value of property or assets of the Company
          or any Restricted Subsidiary in any manner material to the Company or
          any Restricted Subsidiary;

          (v) with respect to a Restricted Subsidiary and imposed pursuant to an
     agreement that has been entered into for the sale or disposition of all or
     substantially all of the Capital Stock of, or property and assets of, such
     Restricted Subsidiary; or

          (vi) contained in the terms of any Indebtedness (other than as
     contemplated by clause (1) above), or any agreement creating Indebtedness,
     of a Restricted Subsidiary entered into after the Issue Date if:

               (A) the encumbrance or restriction applies only if there is a
          payment default, a default with respect to a financial covenant, or an
          event of default resulting in the acceleration of the final maturity
          of such Indebtedness,

               (B) the encumbrance or restriction is not materially more
          disadvantageous to Holders than is customary in comparable financings
          (as determined by the Company), and

               (C) the Company determines that the encumbrance or restriction
          will not materially affect the ability to pay interest on the Notes at
          their Stated Maturity or principal and accrued and unpaid interest on
          the Notes at their final Stated Maturity.

     (c) The Company and its Restricted Subsidiaries shall not be precluded
from:

          (i) creating, incurring, assuming or permitting to exist any Liens
     otherwise permitted under Section 4.13, or

          (ii) restricting the sale of their assets that secure Indebtedness of
     the Company or its Restricted Subsidiaries.

SECTION 4.09.  INCURRENCE OF INDEBTEDNESS.

     (a) Neither the Company nor any Restricted Subsidiary may incur any
Indebtedness (including Acquired Indebtedness); provided, however, that the
Company and any Restricted Subsidiary may incur Indebtedness, if, after giving
effect to the incurrence of such Indebtedness and the receipt and application of
the proceeds therefrom, the Consolidated Leverage Ratio would be less than 6.75
to 1.

     (b) Notwithstanding the provisions of clause (a) of this Section 4.09, the
Company and any Restricted Subsidiary (except as specified below) may incur the
following types of Indebtedness:

          (i) additional Indebtedness outstanding under one or more Credit
     Agreements at any time in an aggregate principal amount not to exceed
     $900.0 million incurred under this clause (1), less any amount of such
     Indebtedness permanently repaid as provided in Section 4.11 described
     below;

          (ii) Permitted Refinancing Indebtedness issued in exchange for, or the
     net proceeds of which are used to refinance or refund, then outstanding
     Indebtedness, other than Indebtedness incurred under clause (i), (iii),
     (iv), (v) or (viii) of this Section 4.09(b), and any refinancings thereof
     in an amount not to exceed the amount so refinanced or refunded (plus
     premiums, accrued interest, accrued dividends, fees and expenses);

          (iii) Indebtedness

               (A) in respect of performance, surety or appeal bonds provided in
          the ordinary course of business,

               (B) under Currency Agreements and Interest Rate Agreements, but
          only if such agreements

                    1) are designed solely to protect the Company or its
               Restricted Subsidiaries against fluctuations in foreign currency
               exchange rates or interest rates and

                    2) do not increase the Indebtedness of the obligor
               outstanding at any time other than as a result of fluctuations in
               foreign currency exchange rates or interest rates or by reason of
               fees, indemnities and compensation payable thereunder, or

          (iv) arising from agreements providing for indemnification, adjustment
     of purchase price or similar obligations, or from Guarantees or letters of
     credit, surety bonds or performance bonds securing any obligations of the
     Company or any of its Restricted Subsidiaries pursuant to such agreements,
     in any case incurred in connection with the disposition of any business,
     assets or Restricted Subsidiary of the Company (other than Guarantees of
     Indebtedness incurred by any Person acquiring all or any portion of such
     business, assets or Restricted Subsidiary of the Company for the purpose of
     financing such acquisition), in an amount not to exceed the gross proceeds
     actually received by Issuer or any Restricted Subsidiary in connection with
     such disposition;

          (v) Guarantees of Indebtedness of the Company by any Restricted
     Subsidiary or by the Company of Indebtedness of any Restricted Subsidiary
     so long as such Indebtedness was permitted to be incurred under another
     provision of this Section 4.09(b) and Section 4.10;

          (vi) intercompany Indebtedness (other than any Guarantee to the extent
     addressed in clause (v) above) by or among the Company and its Restricted
     Subsidiaries; provided, however, that (A) if the Company is the obligor on
     such Indebtedness, such Indebtedness is expressly subordinated to the prior
     payment in full in cash of all obligations in respect of the Notes and
     (B)(1) any subsequent issuance or transfer of Capital Stock that results in
     any such Indebtedness being held by a Person other than the Company or
     another Restricted Subsidiary thereof and (2) any sale or other transfer of
     any such Indebtedness to a Person other than the Company or another
     Restricted Subsidiary thereof shall be deemed, in each case, to constitute
     an incurrence of Indebtedness by the Company or such Restricted Subsidiary,
     as the case may be, that was not permitted by this clause (vi);

          (vii) Indebtedness of the Company and its Restricted Subsidiaries
     existing on the Issue Date (other than Indebtedness under Credit Agreements
     incurred pursuant to clause (i) above);

          (viii) Indebtedness represented by the Notes issued on the date of
     this Indenture and any Notes issued in exchange for such Notes pursuant to
     the Registration Rights Agreement; and

          (ix) Indebtedness outstanding at any time in an aggregate principal
     amount not to exceed $100.0 million.

     (c) The maximum amount of Indebtedness that the Company or a Restricted
Subsidiary may incur pursuant to this Section 4.09 shall not be deemed to be
exceeded, with respect to any outstanding Indebtedness, due solely to the result
of fluctuations in the exchange rates of currencies.

     (d) For purposes of determining any particular amount of Indebtedness under
this Section 4.09, Guarantees, Liens or obligations with respect to letters of
credit supporting Indebtedness otherwise included in the determination of such
particular amount shall not be included and any Liens granted pursuant to the
equal and ratable provisions referred to in Section 4.13 shall not be treated as
Indebtedness.

     (e) For purposes of determining compliance with this Section 4.09, in the
event that an item of Indebtedness (including Acquired Indebtedness) meets the
criteria of more than one of the types of Indebtedness described in the above
clauses or would be entitled to be incurred pursuant to the first paragraph of
this Section 4.09 or any combination of the foregoing, the Company, in its sole
discretion, shall classify, and from time to time may reclassify (in whole or
part), such item of Indebtedness in any manner that complies with this Section
4.09. Accrual of interest, the accretion of accreted value and the payment of
interest in the form of additional Indebtedness or the payment of dividends on
Preferred Shares in the form of additional shares of the same class or series of
Preferred Shares shall not be deemed an incurrence of Indebtedness for purposes
of this Section 4.09.

SECTION 4.10.  ISSUANCE OF GUARANTEES BY RESTRICTED SUBSIDIARIES .

     (a) The Company and its Restricted Subsidiaries shall not guarantee,
directly or indirectly, any Indebtedness of the Company which ranks equally with
or subordinate in right of payment to the Notes ("Guaranteed Indebtedness"),
unless

          (i) such Restricted Subsidiary simultaneously executes and delivers a
     supplemental indenture providing for a Guarantee (a "Subsidiary Guarantee")
     of payment of the Notes by such Restricted Subsidiary, and

          (ii) such Restricted Subsidiary waives, and will not in any manner
     whatsoever claim or take the benefit or advantage of, any rights of
     reimbursement, indemnity or subrogation or any other rights against the
     Company or any other Restricted Subsidiary as a result of any payment by
     such Restricted Subsidiary under its Subsidiary Guarantee;

     provided, however, that this paragraph shall not be applicable to any
     Guarantee of any Restricted Subsidiary that existed at the time such Person
     became a Restricted Subsidiary and was not incurred in connection with, or
     in contemplation of, such Person becoming a Restricted Subsidiary. If the
     Guaranteed Indebtedness

               (A) ranks equally with the Notes, then the Guarantee of such
          Guaranteed Indebtedness shall rank equally with, or be subordinated
          to, the Subsidiary Guarantee, or

               (B) is subordinated to the Notes, then the Guarantee of such
          Guaranteed Indebtedness shall be subordinated to the Subsidiary
          Guarantee at least to the extent that the Guaranteed Indebtedness is
          subordinated to the Notes.

     (b) Notwithstanding the foregoing, any Subsidiary Guarantee by a Restricted
Subsidiary may provide by its terms that it shall be automatically and
unconditionally released and discharged upon

          (i) any sale, exchange or transfer, to any Person not an Affiliate of
     the Company, of all of the Company's and each Restricted Subsidiary's
     Capital Stock in, or all or substantially all the assets of, such
     Restricted Subsidiary, which sale, exchange or transfer is not prohibited
     by this Indenture, or

          (ii) the release or discharge of the Guarantee of Indebtedness which
     resulted in the creation of such Subsidiary Guarantee, except a discharge
     or release by or as a result of payment under such Guarantee.

SECTION 4.11.  ASSET SALES.

     (a) The Company shall not, and shall not permit any of its Restricted
Subsidiaries to, consummate any Asset Sale, unless

          (i) the consideration received by the Company or such Restricted
     Subsidiary is at least equal to the Fair Market Value of the assets sold or
     disposed of, and

          (ii) at least 75% of the consideration received consists of cash or
     Cash Equivalents. For purposes of this clause (ii), any liabilities, as
     shown on the Company's or such Restricted Subsidiary's most recent balance
     sheet, of the Company or any Restricted Subsidiary (other than contingent
     liabilities and liabilities that are by their terms subordinated to the
     Notes) that are assumed by the transferee of any such assets pursuant to a
     customary novation agreement that releases the Company or such Restricted
     Subsidiary from further liability, will be deemed to be cash.

     (b) In the event and to the extent that the Net Cash Proceeds received by
the Company or any of its Restricted Subsidiaries from one or more Asset Sales
occurring on or after the Issue Date in any period of 12 consecutive months
exceeds 10% of Adjusted Consolidated Net Tangible Assets (determined as of the
date closest to the commencement of such 12-month period for which a
consolidated balance sheet of the Company has been filed with the Commission)
then, within 12 months after the date Net Cash Proceeds so received exceed 10%
of Adjusted Consolidated Net Tangible Assets, the Company shall, or shall cause
the relevant Restricted Subsidiary, to:

          (i) apply an amount equal to such excess Net Cash Proceeds to
     permanently repay Indebtedness of the Company secured by a Lien or
     Indebtedness of any Restricted Subsidiary in each case owing to a Person
     other than the Company or any of its Restricted Subsidiaries, or

          (ii) invest an equal amount, or the amount not so applied pursuant to
     clause (A) (or enter into a definitive agreement committing to so invest
     within 12 months after the date of such agreement), in property or assets
     (other than current assets) of a nature or type or that are used in a
     Permitted Business (or in a company having property and assets of a nature
     or type, or engaged in a Permitted Business).

     (c) Pending final application of any Net Cash Proceeds, the Company may
temporarily reduce revolving credit borrowings or otherwise invest such Net Cash
Proceeds in any manner that is not prohibited by this Indenture.

     (d) The amount of such excess Net Cash Proceeds required to be applied, or
to be committed to be applied, during such 12-month period as set forth in the
preceding paragraph and not applied as so required by the end of such period
shall constitute "Excess Proceeds." If, as of the first day of any calendar
month, the aggregate amount of Excess Proceeds not theretofore subject to an
Asset Sale Offer (as defined below) totals at least $10.0 million, the Company
shall commence, not later than the fifteenth business day of such month, and
consummate an offer to purchase from the Holders and the holders of any
Indebtedness ranking equally with the Notes and entitled to participate in such
an Asset Sale Offer on a pro rata basis, an aggregate principal amount of Notes
and such other Indebtedness equal to the Excess Proceeds on such date, at a
purchase price equal to 100% of the principal amount thereof, plus, in each
case, accrued interest and Additional Interest, if any, to the Payment Date (an
"Asset Sale Offer"). If any Excess Proceeds remain after consummation of an
Asset Sale Offer, the Company may use those Excess Proceeds for any purpose not
otherwise prohibited by this Indenture. If the aggregate principal amount of
Notes and other pari passu Indebtedness tendered into such Asset Sale Offer
exceeds the amount of Excess Proceeds, the Trustee will select the Notes and
such other pari passu Indebtedness to be purchased on a pro rata basis. Upon
completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset
at zero.

SECTION 4.12.  TRANSACTIONS WITH AFFILIATES.

     (a) The Company and its Restricted Subsidiaries will not, directly or
indirectly, engage in any transaction including, without limitation, the
purchase, sale, lease or exchange of property or assets, or the rendering of any
service, with any Affiliate except (i) upon fair and reasonable terms no less
favorable to the Company or such Restricted Subsidiary than could be obtained in
a comparable arm's-length transaction with an unrelated Person and (ii)(A) with
respect to any transaction or series of related transactions involving aggregate
consideration in excess of $7.5 million, such transaction is approved by at
least a majority of the disinterested members of the Board of Directors or (B)
with respect to any transaction or series of related transactions involving
aggregate consideration in excess of $25.0 million, the Company obtains a
written opinion as to the fairness to Holders of such transaction or series of
related transactions issued by an investment banking, accounting or appraisal
firm of national standing.

     (b) The provisions of Section 4.12(a) shall not prohibit:

          (1) any employment agreement, employee benefit plan, officer and
     director indemnification agreement or any similar arrangement entered into
     by the Company or any of its Restricted Subsidiaries in the ordinary course
     of business;

          (2) any transaction solely between the Company and any of its
     Restricted Subsidiaries or solely between Restricted Subsidiaries;

          (3) the payment of reasonable and customary regular fees and indemnity
     payments to directors of the Company who are not employees of the Company
     and the payment of reasonable compensation and indemnity payments to
     officers of the Company;

          (4) any payments or other transactions pursuant to any tax-sharing
     agreement between the Company and any other Person with which the Company
     files a consolidated tax return or with which the Company is part of a
     consolidated group for tax purposes;

          (5) any Restricted Payments or Permitted Investments not prohibited by
     Section 4.07;

          (6) transactions with a Person (other than an Unrestricted Subsidiary
     of the Company) that is an Affiliate of the Company solely because the
     Company holds, directly or through a Restricted Subsidiary, an Equity
     Interest in, or controls, such Person;

          (7) any agreement between or among the Company and its Restricted
     Subsidiaries existing and as in effect on the Issue Date and, in each case,
     any amendment thereto so long as any such amendment is no less favorable to
     the Company or any of its Restricted Subsidiaries, as the case may be, in
     any material respect than the original agreement as in effect on the Issue
     Date;

          (8) payments under the Management Agreement and Equipment Lease and
     Switch Sharing Agreements in the ordinary course and on terms no less
     favorable to the Company than those that would been obtained in a
     comparable transaction by the Company with an unrelated Person;

          (9) loans or advances to employees in the ordinary course not to
     exceed $3.0 million in the aggregate at any one time outstanding; and

          (10) any issuance of Equity Interests (other than Disqualified Stock)
     of the Company to Affiliates of the Company.

SECTION 4.13.  LIENS.

     The Company shall not, and shall not permit any of its Restricted
Subsidiaries to, create, incur, assume or otherwise cause or suffer to exist or
become effective any Lien of any kind securing Indebtedness, Attributable Debt
or trade payables, other than Permitted Liens, upon any of the Company, or its
Restricted Subsidiaries' property or assets, now owned or acquired after the
date the Notes are issued, unless all payments due under this Indenture and the
Notes are secured on an equal and ratable basis with (or if the obligations
being secured rank junior in right of payment to the Notes, on a senior basis
to) the obligations so secured until such time as such obligations are no longer
secured by a Lien.

SECTION 4.14.  CORPORATE EXISTENCE.

     Subject to Article 5 hereof, the Company shall do or cause to be done all
things necessary to preserve and keep in full force and effect (i) its corporate
or limited liability company existence, as the case may be, and the corporate,
limited liability company, partnership or other existence of each Restricted
Subsidiary, in accordance with the respective organizational documents (as the
same may be amended from time to time) of the Company, such Guarantor or any
such Restricted Subsidiary and (ii) the rights (charter and statutory), licenses
and franchises of the Company and the Restricted Subsidiaries; provided,
however, that the Company shall not be required to preserve any such right,
license or franchise, or the corporate, partnership or other existence of any
Restricted Subsidiaries, if the Board of Directors of the Company shall each
determine that the preservation thereof is no longer desirable in the conduct of
the business of the Company and the Restricted Subsidiaries, taken as a whole,
and that the loss thereof is not adverse in any material respect to the Holders.

SECTION 4.15.  OFFER TO REPURCHASE UPON CHANGE OF CONTROL TRIGGERING EVENT.

     (a) If a Change of Control Triggering Event occurs, each Holder shall have
the right to require the Company to repurchase all or any part of such Holder's
Notes pursuant to the offer described below (the "Change of Control Offer"). In
the Change of Control Offer, the Company shall offer a payment in cash equal to
101% of the aggregate principal amount of Notes repurchased plus accrued and
unpaid interest and Additional Interest, if any, to the purchase date (the
"Change of Control Payment"). Within 30 days following any Change of Control
Triggering Event, the Company shall mail a notice to each Holder describing the
transaction or transactions that constitute the Change of Control and offering
to repurchase Notes on the Change of Control Payment Date specified in the
notice, which date will be no earlier than 30 days and no later than 60 days
from the date such notice is mailed, pursuant to the procedures set forth in
Section 3.09 and described in such notice.

     (b) The provisions described above that require the Company to make a
Change of Control Offer following a Change of Control Triggering Event shall be
applicable whether or not any other provisions of this Indenture are applicable.

     (c) The Company shall not be required to make a Change of Control Offer
upon a Change of Control Triggering Event if a third party makes the Change of
Control Offer in the manner, at the times and otherwise in compliance with the
requirements set forth in Section 4.15 and purchases all Notes validly tendered
and not withdrawn under such Change of Control Offer.

SECTION 4.16.  LIMITATIONS ON LINE OF BUSINESS.

     The Company shall not, and shall not permit any Restricted Subsidiary to,
engage in any business other than a Permitted Business, except to such extent as
is not material to the Company and its Restricted Subsidiaries, taken as a
whole.

SECTION 4.17.  PAYMENTS FOR CONSENT

     The Company shall not, and shall not permit any of its Restricted
Subsidiaries to, directly or indirectly, pay or cause to be paid any
consideration, whether by way of interest, fee or otherwise, to any Holder for
or as an inducement to any consent, waiver or amendment of any of the terms or
provisions of this Indenture or the Notes unless that consideration is offered
to be paid or is paid to all Holders that consent, waive or agree to amend in
the time frame set forth in the solicitation documents relating to the consent,
waiver or agreement.

SECTION 4.18.  ISSUANCE AND SALE OF CAPITAL STOCK OF RESTRICTED SUBSIDIARIES

     The Company and its Restricted Subsidiaries shall not sell, directly or
indirectly, any shares of Capital Stock of a Restricted Subsidiary, including
options, warrants or other rights to purchase shares of such Capital Stock,
except:

     (a) to the Company or a Restricted Subsidiary;

     (b) issuances of director's qualifying shares or sales to foreign nationals
of shares of Capital Stock of Restricted Subsidiaries, to the extent required by
applicable law and other sales of immaterial amounts of Capital Stock; or

     (c) if, immediately after giving effect to such issuance or sale, such
Restricted Subsidiary (i) would continue to be a Restricted Subsidiary or (ii)
if it would no longer constitute a Restricted Subsidiary, any remaining
Investment in such Person after giving effect to the issuance or sale would have
been permitted to be made under Section 4.07, if made on the date of such
issuance or sale.

SECTION 4.19.  SALE AND LEASEBACK TRANSACTIONS

     The Company shall not, and shall not permit any of its Restricted
Subsidiaries to, enter into any sale and leaseback transaction; provided that
the Company and its Restricted Subsidiaries may enter into a sale and leaseback
transaction if

          (1) the Company or the relevant Restricted Subsidiary could have
     incurred Indebtedness in an amount equal to the Attributable Debt relating
     to the sale and leaseback transaction pursuant Section 4.09; provided, that
     this clause will no longer be applicable from and after any Investment
     Grade Date;

          (2) the gross cash proceeds of the sale and leaseback transaction are
     at least equal to the Fair Market Value, as determined in good faith by the
     Board of Directors and set forth in an Officers' Certificate delivered to
     the Trustee, of the property that is the subject of the sale and leaseback
     transaction; and

          (3) the transfer of assets in the sale and leaseback transaction is
     permitted by, and the Company of the relevant Restricted Subsidiary applies
     the proceeds of the transaction in compliance with Section 4.11.

                                   ARTICLE 5.

                                  SUCCESSORS

SECTION 5.01.  MERGER, CONSOLIDATION, OR SALE OF ASSETS.

     The Company shall not consolidate or merge with, or sell, lease or
otherwise dispose of all or substantially all of its property and assets in one
transaction or a series of related transactions to any Person or permit any
Person to merge with or into it unless:

     (a) (i) the resulting, surviving or transferee Person (the "Successor
Company") shall be a corporation organized and existing under the laws of the
United States of America, or, any state or jurisdiction thereof and (ii) the
Successor Company assumes all of the Company's obligations under the Notes, this
Indenture and the registration rights agreement pursuant to agreements
reasonably satisfactory to the Trustee;

     (b) immediately after giving effect to such transaction, no Default or
Event of Default shall have occurred and be continuing;

     (c) immediately after giving effect to such transaction on a pro forma
basis the Company, or the Successor Company or resulting company, as the case
may be, could incur at least $1.00 of Indebtedness under Section 4.09(a);
provided that this clause (c) shall not apply to a consolidation or merger with
or into a Wholly Owned Restricted Subsidiary in connection with which no
consideration, other than Common Stock in the Surviving Person or the Company,
shall be issued or distributed to the stockholders of the Company; provided
further, that this clause (c) shall no longer be applicable from and after any
Investment Grade Date, and

     (d) the Company delivers to the Trustee an Officers' Certificate in
accordance with Sections 11.04 and 11.05, attaching the arithmetic computations
to demonstrate compliance with clause (c) of this Section 5.01(a), and an
Opinion of Counsel, in each case stating that such consolidation, merger or
transfer complies with this provision and that all conditions precedent provided
for herein relating to such transaction have been complied with.

     Clause (c) of this Section 5.01 above shall not apply if, in the good faith
determination of the Company's Board of Directors, the principal purpose of the
transaction is to change the Company's state of incorporation and the
transaction does not have as one of its purposes the evasion of the foregoing
limitations. This Section 5.01 shall not apply to (a) a merger of the Company
with an Affiliate solely for the purpose of reincorporating in another
jurisdiction, or (b) any sale, transfer, assignment, conveyance, lease or other
disposition of assets between or among the Company and its Wholly Owned
Restricted Subsidiaries.

SECTION 5.02.  SUCCESSOR PERSON SUBSTITUTED.

     Upon any consolidation or merger, or any sale, assignment, transfer, lease,
conveyance or other disposition of all or substantially all of the assets of the
Company or a Subsidiary Guarantor in accordance with Section 5.01 hereof, the
successor Person formed by such consolidation or into or with which the Company
or any such Subsidiary Guarantor, as the case may be, is merged or to which such
sale, assignment, transfer, lease, conveyance or other disposition is made shall
succeed to, and be substituted for (so that from and after the date of such
consolidation, merger, sale, lease, conveyance or other disposition, the
provisions of this Indenture referring to the "Company" shall refer instead to
the successor Person and not to the Company, and the provisions of this
Indenture referring to the "Guarantor" shall refer instead to the Successor
Person and not to any Guarantor), and may exercise every right and power of the
Company or the Guarantor, as the case may be, under this Indenture with the same
effect as if such Successor Person had been named as the Company or a Guarantor,
as the case may be, herein; provided, however, that the predecessor Company or
Guarantor, as the case may be, shall not be relieved from the obligation to pay
or Guarantee, respectively, the principal of and interest on the Notes except in
the case of a sale of all or substantially all of the Company's assets that
meets the requirements of Section 5.01 hereof.

                                   ARTICLE 6.

                              DEFAULTS AND REMEDIES

SECTION 6.01.  EVENTS OF DEFAULT.

     Each of the following events constitutes an "Event of Default":

     (a) default in the payment of principal of (or premium, if any, on) any
Note when the same becomes due and payable at maturity, upon acceleration,
redemption or otherwise;

     (b) default in the payment of interest or Additional Interest, if any, on
any Note when the same becomes due and payable, and such default continues for a
period of 30 days;

     (c) default in the performance or breach of the provisions of Section 5.01,
or the failure to make or consummate an Offer to Purchase in accordance with
Sections 4.11 and 4.15 or a breach of Sections 4.07 and 4.09;

     (d) The Company defaults in the performance of or breaches any other
covenant or agreement of the Company in this Indenture or under the Notes (other
than a default specified in clause (a), (b) or (c) above) and such default or
breach continues for a period of 45 consecutive days after written notice by the
Trustee or the Holders of 25% or more in aggregate principal amount of the
Notes;

     (e) there occurs with respect to any issue or issues of Indebtedness of the
Company or any Significant Subsidiary having an outstanding principal amount of
$25.0 million or more in the aggregate for all such issues of all such Persons,
whether such Indebtedness now exists or shall hereafter be created,

          (i) an Event of Default that has caused the Holder thereof to declare
     such Indebtedness to be due and payable prior to its final Stated Maturity
     and such Indebtedness has not been discharged in full or such acceleration
     has not been rescinded or annulled within 45 days of such acceleration,
     and/or

          (ii) the failure to make a principal payment at the final (but not any
     interim) fixed maturity and such defaulted payment shall not have been
     made, waived or extended within 45 days of such payment default;

     (f) any final judgment or order (not covered by insurance) for the payment
of money in excess of $35.0 million in the aggregate for all such final
judgments or orders against all such Persons (treating any deductibles,
self-insurance or retention as not so covered) shall be rendered against the
Company or any Significant Subsidiary and shall not be paid or discharged, and
there shall be any period of 45 consecutive days following entry of the final
judgment or order that causes the aggregate amount for all such final judgments
or orders outstanding and not paid or discharged against all such Persons to
exceed $35.0 million during which a stay of enforcement of such final judgment
or order, by reason of a pending appeal or otherwise, shall not be in effect;

     (g) a court having jurisdiction in the premises enters a decree or order
for

          (i) relief in respect of the Company or any Significant Subsidiary in
     an involuntary case under any applicable bankruptcy, insolvency or other
     similar law now or hereafter in effect,

          (ii) appointment of a receiver, liquidator, assignee, custodian,
     Trustee, sequestrator or similar official of the Company or any Significant
     Subsidiary or for all or substantially all of the property and assets of
     the Company or any Significant Subsidiary, or

          (iii) the winding up or liquidation of the affairs of the Company or
     any Significant Subsidiary and, in each case, such decree or order shall
     remain unstayed and in effect for a period of 30 consecutive days; or

     (h) The Company or any Significant Subsidiary

          (i) commences a voluntary case under any applicable bankruptcy,
     insolvency or other similar law now or hereafter in effect, or consents to
     the entry of an order for relief in an involuntary case under any such law,

          (ii) consents to the appointment of or taking possession by a
     receiver, liquidator, assignee, custodian, Trustee, sequestrator or similar
     official of the Company or any Significant Subsidiary or for all or
     substantially all of the property and assets of the Company or any
     Significant Subsidiary, or

          (iii) effects any general assignment for the benefit of creditors.

SECTION 6.02.  ACCELERATION.

     (a) If an Event of Default, other than an Event of Default specified in
clause (g) or (h) above that occurs with respect to the Company, occurs and is
continuing under the Notes or this Indenture, the Trustee or the Holders of at
least 25% in aggregate principal amount of the Notes then outstanding, by
written notice to the Company (and to the Trustee if such notice is given by the
Holders), may, and the Trustee at the request of such Holders shall, declare the
principal of, premium, if any, and accrued interest on the Notes to be
immediately due and payable, provided, however that so long as any Credit
Agreement is in effect, such declaration shall not become effective until the
earlier of:

          (i) five Business Days after the receipt of the acceleration notice by
     the agent thereunder and the Company, and

          (ii) acceleration of the Indebtedness under such Credit Agreement.

          Upon a declaration of acceleration, such principal of, premium, if
     any, and accrued and unpaid interest and Additional Interest, if any, shall
     be immediately due and payable.

     (b) In the event of a declaration of acceleration because an Event of
Default set forth in clause (e) above has occurred and is continuing, such
declaration of acceleration shall be automatically rescinded and annulled if the
event of default triggering such Event of Default pursuant to clause (e) shall
be remedied or cured by the Company or the relevant Significant Subsidiary or
waived by the holders of the relevant Indebtedness within 60 days after the
declaration of acceleration with respect thereto.

     (c) If an Event of Default specified in clause (g) or (h) above occurs with
respect to the Company, the principal of, premium, if any, and accrued and
unpaid interest and Additional Interest, if any, on the Notes then outstanding
shall automatically become and be immediately due and payable without any
declaration or other act on the part of the Trustee or any Holder.

SECTION 6.03.  OTHER REMEDIES.

     If an Event of Default occurs and is continuing, the Trustee may pursue any
available remedy to collect the payment of principal, premium, interest and
Additional Interest, if any, on the Notes or to enforce the performance of any
provision of the Notes or this Indenture.

     The Trustee may maintain a proceeding even if it does not possess any of
the Notes or does not produce any of them in the proceeding. A delay or omission
by the Trustee or any Holder of a Note in exercising any right or remedy
accruing upon an Event of Default shall not impair the right or remedy or
constitute a waiver of or acquiescence in the Event of Default. All remedies are
cumulative to the extent permitted by law.

SECTION 6.04.  WAIVER OF PAST DEFAULTS.

     (a) At any time after declaration of acceleration, but before a judgment or
decree for the payment of the money due has been obtained by the Trustee, the
Holders of at least a majority in principal amount of the outstanding Notes by
written notice to the Company and to the Trustee, may waive all past defaults
and rescind and annul a declaration of acceleration and its consequences if:

          (i) all existing Events of Default, other than the nonpayment of the
     principal of, premium, if any, and interest on the Notes that have become
     due solely by such declaration of acceleration, have been cured or waived
     and

          (ii) the rescission would not conflict with any judgment or decree of
     a court of competent jurisdiction.

     Upon any such waiver, such Default shall cease to exists, and any Event of
     Default arising therefrom shall be deemed to have been cured, for every
     purpose of this Indenture; but no such waiver shall extend to any
     subsequent or other Default or Event of Default or impair any right
     consequence thereto.

SECTION 6.05.  CONTROL BY MAJORITY.

     The Holders of at least a majority in aggregate principal amount of the
outstanding Notes may direct the time, method and place of conducting any
proceeding for any remedy available to the Trustee or exercising any trust or
power conferred on the Trustee. However, the Trustee may refuse to follow any
direction that conflicts with law or this Indenture, that any proceeding that
may involve the Trustee in personal liability, or that the Trustee determines in
good faith may be unduly prejudicial to the rights of Holders not joining in the
giving of such direction and may take any other action it deems proper that is
not inconsistent with any such direction received from Holders.

SECTION 6.06.  LIMITATION ON SUITS.

     A Holder may not pursue any remedy with respect to this Indenture or the
Notes unless:

     (a) the Holder gives the Trustee written notice of a continuing Event of
Default;

     (b) the Holders of at least 25% in aggregate principal amount of
outstanding Notes make a written request to the Trustee to pursue the remedy;

     (c) such Holder or Holders offer the Trustee indemnity satisfactory to the
Trustee against any costs, liability or expense;

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

     (e) during such 60-day period, the Holders of a majority in aggregate
principal amount of the outstanding Notes do not give the Trustee a direction
that is inconsistent with the request.

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

SECTION 6.07.  RIGHTS OF HOLDERS TO RECEIVE PAYMENT.

     Notwithstanding any other provision of this Indenture, the right of any
Holder of a Note to receive payment of principal, premium, interest and
Additional Interest, if any, on such Note, on or after the respective due dates
expressed in the Note (including in connection with an Offer to Purchase), or to
bring suit for the enforcement of any such payment on or after such respective
dates, shall not be impaired or affected without the consent of such Holder.

SECTION 6.08.  COLLECTION SUIT BY TRUSTEE.

     If an Event of Default specified in Section 6.01(a) or (b) occurs and is
continuing, the Trustee is authorized to recover judgment in its own name and as
Trustee of an express trust against the Company for the whole amount of
principal of, premium, interest and Additional Interest, if any, on the
remaining unpaid on such Notes and interest on overdue principal and, to the
extent lawful, interest and such further amount as shall be sufficient to cover
the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel.

SECTION 6.09.  TRUSTEE MAY FILE PROOFS OF CLAIM.

     The Trustee is authorized to file such proofs of claim and other papers or
documents as may be necessary or advisable in order to have the claims of the
Trustee (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel) and the
Holders allowed in any judicial proceedings relative to the Company (or any
other obligor upon the Notes), its creditors or its property and shall be
entitled and empowered to collect, receive and distribute any money or other
property payable or deliverable on any such claims and any custodian in any such
judicial proceeding is hereby authorized by each Holder to make such payments to
the Trustee, and in the event that the Trustee shall consent to the making of
such payments directly to the Holders, to pay to the Trustee any amount due to
it for the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 7.07 hereof. To the extent that the payment of any such compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel, and
any other amounts due the Trustee under Section 7.07 hereof out of the estate in
any such proceeding, shall be denied for any reason, payment of the same shall
be secured by a Lien on, and shall be paid out of, any and all distributions,
dividends, money, securities and other properties that the Holders may be
entitled to receive in such proceeding whether in liquidation or under any plan
of reorganization or arrangement or otherwise. Nothing herein contained shall be
deemed to authorize the Trustee to authorize or consent to or accept or adopt on
behalf of any Holder any plan of reorganization, arrangement, adjustment or
composition affecting the Notes or the rights of any Holder, or to authorize the
Trustee to vote in respect of the claim of any Holder in any such proceeding.

SECTION 6.10.  PRIORITIES.

     If the Trustee collects any money pursuant to this Article, it shall pay
out the money in the following order:

     First: to the Trustee, its agents and attorneys for amounts due under
Section 7.07 hereof, including payment of all compensation, expense and
liabilities Incurred, and all advances made, by the Trustee and the costs and
expenses of collection;

     Second: to Holders for amounts due and unpaid on the Notes for principal,
premium, interest, and Additional Interest, if any, ratably, without preference
or priority of any kind, according to the amounts due and payable on the Notes
for principal, premium, interest, and Additional Interest, if any, respectively;
and

     Third: to the Company or to such party as a court of competent jurisdiction
shall direct.

     The Trustee may fix a record date and payment date for any payment to
Holders pursuant to this Section 6.10.

SECTION 6.11.  UNDERTAKING FOR COSTS.

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

SECTION 6.12.  RESTORATION OF RIGHTS AND REMEDIES.

     If the Trustee or any Holder has instituted any proceeding to enforce any
right or remedy under this Indenture and such proceeding has been discontinued
or abandoned for any reason, or has been determined adversely to the Trustee or
to such Holder, then, and in every such case, subject to any determination in
such proceeding, the Company, the Trustee and the Holders shall be restored
severally and respectively to their former positions hereunder and thereafter
all rights and remedies of the Company, Trustee and the Holders shall continue
as though no such proceeding had been instituted.

SECTION 6.13.  RIGHTS AND REMEDIES CUMULATIVE.

     Except as otherwise provided with respect to the replacement or payment of
mutilated, destroyed, lost or wrongfully taken Notes in Section 2.07, no right
or remedy herein conferred upon or reserved to the Trustee or to the Holders is
intended to be exclusive of any other right or remedy, and every right and
remedy shall, to the extent permitted by law, be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law
or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy.

SECTION 6.14.  DELAY OR OMISSION NOT WAIVER.

     No delay or omission of the Trustee or of any Holder to exercise any right
or remedy accruing upon any Event of Default shall impair any such right or
remedy or constitute a waiver of any such Event of Default or an acquiescence
therein. Every right and remedy given by this Article 6 or by law to the Trustee
or to the Holders may be exercised from time to time, and as often as may be
deemed expedient, by the Trustee or by the Holders, as the case may be.

                                   ARTICLE 7.

                                    TRUSTEE

SECTION 7.01.  DUTIES OF TRUSTEE.

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

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

          (i) the duties of the Trustee shall be determined solely by the
     express provisions of this Indenture and the Trustee need perform only
     those duties that are specifically set forth in this Indenture and no
     others, and no implied covenants or obligations shall be read into this
     Indenture against the Trustee; and

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

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

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

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

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

     (d) Whether or not therein expressly so provided, every provision of this
Indenture that in any way relates to the Trustee is subject to paragraphs (a),
(b), (c), (e), (f) and (g) of this Section and Section 7.02.

     (e) No provision of this Indenture shall require the Trustee to expend or
risk its own funds or Incur any liability. The Trustee shall be under no
obligation to exercise any of its rights and powers under this Indenture at the
request of any Holders, unless such Holder shall have offered to the Trustee
security and indemnity satisfactory to it against any loss, liability or
expense.

     (f) The Trustee shall not be liable for interest on any money received by
it except as the Trustee may agree in writing with the Company. Money held in
trust by the Trustee need not be segregated from other funds except to the
extent required by law.

     (g) The Trustee shall not be charged with notice or knowledge of any
Default or Event of Default (other than an Event of Default under Section
6.01(a) or (b) hereof) unless a Responsible Officer of the Trustee receives at
its Corporate Trust Office written notice thereof.

SECTION 7.02.  RIGHTS OF TRUSTEE.

     (a) The Trustee may conclusively rely upon any document believed by it to
be genuine and to have been signed or presented by the proper Person. The
Trustee need not investigate any fact or matter stated in the document.

     (b) Before the Trustee acts or refrains from acting, it may require an
Officers' Certificate in accordance with Sections 11.04 and 11.05 or an Opinion
of Counsel or both. The Trustee shall not be liable for any action it takes or
omits to take in good faith in reliance on such Officers' Certificate or Opinion
of Counsel. The Trustee may consult with counsel and the written advice of such
counsel or any Opinion of Counsel shall be full and complete authorization and
protection from liability in respect of any action taken, suffered or omitted by
it hereunder in good faith and in reliance thereon.

     (c) The Trustee may act through its attorneys and agents and shall not be
responsible for the misconduct or negligence of any agent appointed with due
care.

     (d) The Trustee shall not be liable for any action it takes or omits to
take in good faith that it believes to be authorized or within the rights or
powers conferred upon it by this Indenture takes or omits to take in accordance
with the written direction of the Holders of a majority in principal amount of
the outstanding Notes relating to the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or
power conferred upon the Trustee, under this Indenture.

     (e) Unless otherwise specifically provided in this Indenture, any demand,
request, direction or notice from the Company shall be sufficient if signed by
an Officer of the Company.

     (f) The Trustee shall be under no obligation to exercise any of the rights
or powers vested in it by this Indenture at the request or direction of any of
the Holders unless such Holders shall have offered to the Trustee reasonable
security or indemnity against the costs, expenses and liabilities that might be
Incurred by it in compliance with such request or direction.

     (g) The Trustee shall not be bound to make any investigation into the facts
or matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture,
note, other evidence of indebtedness or other paper or document, but the
Trustee, in its discretion, may make such further inquiry or investigation into
such facts or matters as it may see fit, and, if the Trustee shall determine to
make such further inquiry or investigation, it shall be entitled to examine the
books, records and premises of the Company personally or by agent or attorney.

SECTION 7.03.  INDIVIDUAL RIGHTS OF TRUSTEE.

     The Trustee in its individual or any other capacity may become the owner or
pledgee of Notes and may otherwise deal with the Company or any Affiliate of the
Company with the same rights it would have if it were not Trustee. However, in
the event that the Trustee acquires any conflicting interest it must eliminate
such conflict within 90 days, apply to the Commission for permission to continue
as Trustee or resign. Any Agent may do the same with like rights and duties. The
Trustee is also subject to Sections 7.10 and 7.11 hereof.

SECTION 7.04.  TRUSTEE'S DISCLAIMER.

     The Trustee shall not be responsible for and makes no representation as to
the validity or adequacy of this Indenture or the Notes, it shall not be
accountable for the Company's use of the proceeds from the Notes or any money
paid to the Company or upon the Company's direction under any provision of this
Indenture, it shall not be responsible for the use or application of any money
received by any Paying Agent other than the Trustee, and it shall not be
responsible for any statement or recital herein or any statement in the Notes or
any other document in connection with the sale of the Notes or pursuant to this
Indenture other than its certificate of authentication.

SECTION 7.05.  NOTICE OF DEFAULTS.

     If a Default or Event of Default occurs and is continuing and if it is
known to the Trustee, the Trustee shall mail to Holders a notice of the Default
or Event of Default within 90 days after it occurs. Except in the case of a
Default or Event of Default in payment of principal of, premium, interest or
Additional Interest, if any, on any Note, the Trustee may withhold the notice if
and so long as a committee of its Responsible Officers in good faith determines
that withholding the notice is in the interests of the Holders.

SECTION 7.06.  REPORTS BY TRUSTEE TO HOLDERS .

     Within 60 days after each May 15 beginning with May 15, 2004, and for so
long as Notes remain outstanding, the Trustee shall mail to the Holders a brief
report dated as of such reporting date that complies with TIA ss. 313(a) (but if
no event described in TIA ss. 313(a) has occurred within the twelve months
preceding the reporting date, no report need be transmitted). The Trustee also
shall comply with TIA ss. 313(b)(2). The Trustee shall also transmit by mail all
reports as required by TIA ss. 313(c).

     A copy of each report at the time of its mailing to the Holders shall be
mailed to the Company and filed with the Commission and each stock exchange on
which the Notes are listed in accordance with TIA ss. 313(d). The Company shall
promptly notify the Trustee when the Notes are listed on any stock exchange.

SECTION 7.07.  COMPENSATION AND INDEMNITY.

     The Company shall pay to the Trustee from time to time such compensation
for its acceptance of this Indenture and services hereunder as shall be agreed
upon in writing. The Trustee's compensation shall not be limited by any law on
compensation of a Trustee of an express trust. The Company shall reimburse the
Trustee promptly upon request for all reasonable disbursements, advances and
expenses Incurred or made by it in addition to the compensation for its
services. Such expenses shall include the reasonable compensation, disbursements
and expenses of the Trustee's agents and counsel.

     The Company shall indemnify the Trustee against any and all losses,
liabilities or expenses (including reasonable fees and disbursements of counsel)
Incurred by it arising out of or in connection with the acceptance or
administration of its duties under this Indenture, including the costs and
expenses of enforcing this Indenture against the Company (including this Section
7.07) and defending itself against any claim (whether asserted by the Company or
any Holder or any other person) or liability in connection with the exercise or
performance of any of its powers or duties hereunder, except to the extent any
such loss, liability or expense or a portion thereof may be attributable to its
negligence or bad faith. The Trustee shall notify the Company promptly of any
claim for which it may seek indemnity. Failure by the Trustee to so notify the
Company shall not relieve the Company of its obligations hereunder. The Company
shall defend the claim and the Trustee shall cooperate in the defense. The
Trustee may have separate counsel and the Company shall pay the reasonable fees
and expenses of such counsel. The Company need not pay for any settlement made
without its consent, which consent shall not be unreasonably withheld. The
Company need not reimburse any expense or indemnify against any loss liability
or expense Incurred by the Trustee through the Trustee's own willful misconduct,
negligence or bad faith.

     The obligations of the Company under this Section 7.07 shall survive the
resignation or removal of the Trustee and the satisfaction and discharge of this
Indenture.

     To secure the Company's payment obligations in this Section, the Trustee
shall have, and the Company hereby grants, a Lien prior to the Notes on all
money or property held or collected by the Trustee, except that held in trust to
pay principal, interest and Additional Interest, if any, on particular Notes.
Such Lien shall survive the satisfaction and discharge of this Indenture.

     When the Trustee Incurs expenses or renders services after an Event of
Default specified in Section 6.01(i) or (j) hereof occurs, the expenses and the
compensation for the services (including the fees and expenses of its agents and
counsel) are intended to constitute expenses of administration under any
Bankruptcy Law.

     The Trustee shall comply with the provisions of TIA ss. 313(b)(2) to the
extent applicable.

SECTION 7.08.  REPLACEMENT OF TRUSTEE.

     A resignation or removal of the Trustee and appointment of a successor
Trustee shall become effective only upon the successor Trustee's acceptance of
appointment as provided in this Section.

     The Trustee may resign in writing at any time and be discharged from the
trust hereby created by so notifying the Company. The Holders of a majority in
principal amount of the then outstanding Notes may remove the Trustee by so
notifying the Trustee and the Company in writing. The Company may remove the
Trustee if:

     (a) the Trustee fails to comply with Section 7.10 hereof;

     (b) the Trustee is adjudged a bankrupt or an insolvent or an order for
relief is entered with respect to the Trustee under any Bankruptcy Law;

     (c) a custodian or public officer takes charge of the Trustee or its
property; or

     (d) the Trustee becomes incapable of acting.

     If the Trustee resigns or is removed or if a vacancy exists in the office
of Trustee for any reason, the Company shall promptly appoint a successor
Trustee. Within one year after the successor Trustee takes office, the Holders
of a majority in principal amount of the then outstanding Notes may appoint a
successor Trustee to replace the successor Trustee appointed by the Company.

     If a successor Trustee does not take office within 60 days after the
retiring Trustee resigns or is removed, the retiring Trustee, the Company, or
the Holders of at least 10% in principal amount of the then outstanding Notes
may petition any court of competent jurisdiction for the appointment of a
successor Trustee.

     If the Trustee, after written request by any Holder of a Note who has been
a Holder of a Note for at least six months, fails to comply with Section 7.10,
such Holder of a Note may petition any court of competent jurisdiction for the
removal of the Trustee and the appointment of a successor Trustee.

     A successor Trustee shall deliver a written acceptance of its appointment
to the retiring Trustee and to the Company. Thereupon, the resignation or
removal of the retiring Trustee shall become effective, and the successor
Trustee shall have all the rights, powers and duties of the Trustee under this
Indenture. The successor Trustee shall mail a notice of its succession to
Holders. Subject to the Lien provided for in Section 7.07 hereof, the retiring
Trustee shall promptly transfer all property held by it as Trustee to the
successor Trustee; provided, however, that all sums owing to the Trustee
hereunder shall have been paid. Notwithstanding replacement of the Trustee
pursuant to this Section 7.08, the Company's obligations under Section 7.07
hereof shall continue for the benefit of the retiring Trustee.

SECTION 7.09.  SUCCESSOR TRUSTEE BY MERGER, ETC.

     If the Trustee consolidates, merges or converts into, or transfers all or
substantially all of its corporate trust business to, another corporation or
national banking corporation, the Successor Person or national banking
corporation without any further act shall be the successor Trustee.

SECTION 7.10.  ELIGIBILITY; DISQUALIFICATION.

     There shall at all times be a Trustee hereunder that is a corporation
organized and doing business under the laws of the United States of America or
of any state thereof that is authorized under such laws to exercise corporate
Trustee power, that is subject to supervision or examination by federal or state
authorities and that has a combined capital and surplus of at least $50 million
as set forth in its most recent published annual report of condition.

     This Indenture shall always have a Trustee who satisfies the requirements
of TIA ss. 310(a)(1), (2) and (5). The Trustee is subject to TIA ss. 310(b)
provided, however, that there shall be excluded from the operation of TIA
Section 310(b)(1) any indenture or indentures under which other securities or
certificates of interest or participation in other securities of the Company are
outstanding if the requirements for such exclusions set forth in TIA Section
310(b)(1) are met.

SECTION 7.11.  PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY.

     The Trustee is subject to TIA ss. 311(a), excluding any creditor
relationship listed in TIA ss. 311(b). A Trustee who has resigned or been
removed shall be subject to TIA ss. 311(a) to the extent indicated therein.

                                   ARTICLE 8.

                    LEGAL DEFEASANCE AND COVENANT DEFEASANCE

SECTION 8.01.  OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE.

     The Company may, at the option of its Board of Directors evidenced by a
resolution set forth in an Officers' Certificate complying with Section 11.04
and 11.05 delivered to the Trustee, at any time, elect to have Section 8.02 or
8.03 hereof be applied to all outstanding Notes upon compliance with the
conditions set forth below in this Article Eight.

SECTION 8.02.  LEGAL DEFEASANCE AND DISCHARGE.

     Upon the Company's exercise under Section 8.01 hereof of the option
applicable to this Section 8.02, the Company shall, subject to the satisfaction
of the conditions set forth in Section 8.04 hereof, be deemed to have been
discharged from its obligations with respect to all outstanding Notes on the
date the conditions set forth below are satisfied (hereinafter, "Legal
Defeasance"). For this purpose, Legal Defeasance means that the Company shall be
deemed to have paid and discharged the entire Indebtedness represented by the
outstanding Notes, which shall thereafter be deemed to be "outstanding" only for
the purposes of Section 8.05 hereof and the other Sections of this Indenture
referred to in clauses (a) and (b) below, and to have satisfied all its other
obligations under such Notes and this Indenture (and the Trustee, on demand of
and at the expense of the Company, shall execute proper instruments
acknowledging the same), except for the following provisions which shall survive
until otherwise terminated or discharged hereunder: (a) the rights of Holders of
outstanding Notes to receive solely from the trust fund described in Section
8.04 hereof, and as set forth in such Section, payments in respect of the
principal of, premium, if any, and interest and Additional Interest, if any, on
such Notes when such payments are due, (b) the Company's obligations with
respect to such Notes under Article 2 and Section 4.02 hereof, (c) the Company's
rights of optional redemption under Section 3.07, (d) the rights, powers,
trusts, duties and immunities of the Trustee hereunder and the Company's
obligations in connection therewith and (e) this Article Eight. Subject to
compliance with this Article Eight, the Company may exercise its option under
this Section 8.02 notwithstanding the prior exercise of its option under Section
8.03 hereof.

SECTION 8.03.  COVENANT DEFEASANCE.

     Upon the Company's exercise under Section 8.01 hereof of the option
applicable to this Section 8.03, the Company shall, subject to the satisfaction
of the conditions set forth in Section 8.04 hereof, be released from its
obligations under the covenants contained in Sections 4.03, 4.07, 4.08, 4.09,
4.10, 4.11, 4.12, 4.13, 4.14, 4.15, and 4.17 hereof, and the operation of
Section 5.01(c) hereof, with respect to the outstanding Notes on and after the
date the conditions set forth in Section 8.04 are satisfied (hereinafter,
"Covenant Defeasance"), and the Notes shall thereafter be deemed not
"outstanding" for the purposes of any direction, waiver, consent or declaration
or act of Holders (and the consequences of any thereof) in connection with such
covenants, but shall continue to be deemed "outstanding" for all other purposes
hereunder (it being understood that such Notes shall not be deemed outstanding
for accounting purposes). For this purpose, Covenant Defeasance means that, with
respect to the outstanding Notes, the Company may omit to comply with and shall
have no liability in respect of any term, condition or limitation set forth in
any such covenant, whether directly or indirectly, by reason of any reference
elsewhere herein to any such covenant or by reason of any reference in any such
covenant to any other provision herein or in any other document and such
omission to comply shall not constitute a Default or an Event of Default under
Section 6.01 hereof, but, except as specified above, the remainder of this
Indenture and such Notes shall be unaffected thereby. In addition, upon the
Company's exercise under Section 8.01 hereof of the option applicable to this
Section 8.03 hereof, subject to the satisfaction of the conditions set forth in
Section 8.04 hereof, Sections 6.01(c) through 6.01(f) hereof shall not
constitute Events of Default.

SECTION 8.04.  CONDITIONS TO LEGAL OR COVENANT DEFEASANCE.

     The Company may exercise Legal Defeasance or Covenant Defeasance if:

     (a) the Company has irrevocably deposited with the Trustee, in trust, for
the benefit of the Holders, cash in United States dollars, non-callable U.S.
Government Securities, or a combination thereof, in such amounts as shall be
sufficient, in the opinion of a nationally recognized firm of independent public
accountants, to pay the principal of, premium, if any, and accrued interest and
Additional Interest, if any, on the outstanding Notes on the Stated Maturity of
such payments in accordance with the terms of the Notes and this Indenture;

     (b) the Company has delivered to the Trustee

          (i) either

               (A) an Opinion of Counsel to the effect that Holders shall not
          recognize income, gain or loss for federal income tax purposes as a
          result of the Company's exercise of its option under this Article
          Eight and shall be subject to federal income tax on the same amount
          and in the same manner and at the same times as would have been the
          case if such deposit, defeasance and discharge had not occurred, which
          opinion of counsel must be based upon (and accompanied by a copy of) a
          ruling of the Internal Revenue Service to the same effect unless there
          has been a change in applicable federal income tax law after the Issue
          Date such that a ruling is no longer required or

               (B) a ruling directed to the Trustee received from the Internal
          Revenue Service to the same effect as the aforementioned opinion of
          counsel and

          (ii) an Opinion of Counsel to the effect that the creation of the
     defeasance trust does not violate the Investment Company Act of 1940 and
     after the passage of 93 days following the deposit (except with respect to
     any trust funds for the account of any Holder who may be deemed an
     "insider" for purposes of the United States Bankruptcy Code, after one year
     following the deposit), the trust funds shall not be subject to the effect
     of Section 547 of the United States Bankruptcy Code or Section 15 of the
     New York Debtor and Creditor Law,

     (c) immediately after giving effect to such deposit on a pro forma basis,
no Default or Event of Default shall have occurred and be continuing on the date
of such deposit, and such deposit shall not result in a breach or violation of,
or constitute a default under, any other agreement or instrument to which the
Company or any of its Subsidiaries is a party or by which the Company or any of
its Subsidiaries is bound, and

     (d) if at such time the Notes are listed on a national securities exchange,
the Company has delivered to the Trustee an Opinion of Counsel to the effect
that the Notes shall not be delisted as a result of such deposit, defeasance and
discharge.

     (e) the Company has delivered to the Trustee an Officers' Certificate and
an Opinion of Counsel, in each case stating that all conditions precedent
provided for herein relating to the defeasance contemplated by this Section 8.04
have been satisfied in accordance with Sections 11.04 and 11.05.

SECTION 8.05.  DEPOSITED MONEY AND GOVERNMENT SECURITIES TO BE HELD IN TRUST;
               OTHER MISCELLANEOUS PROVISIONS.

     Subject to Section 8.06 hereof, all money and non-callable U.S. Government
Securities (including the proceeds thereof) deposited with the Trustee (or other
qualifying Trustee, collectively for purposes of this Section 8.05, the
"Trustee") pursuant to Section 8.04 hereof in respect of the outstanding Notes
shall be held in trust and applied by the Trustee, in accordance with the
provisions of such Notes and this Indenture, to the payment, either directly or
through any Paying Agent (including the Company acting as Paying Agent) as the
Trustee may determine, to the Holders of such Notes of all sums due and to
become due thereon in respect of principal, premium, interest and Additional
Interest, if any, on such Notes but such money need not be segregated from other
funds except to the extent required by law.

     The Company shall pay and indemnify the Trustee against any tax, fee or
other charge imposed on or assessed against the cash or non-callable U.S.
Government Securities deposited pursuant to Section 8.04 hereof or the principal
and interest received in respect thereof other than any such tax, fee or other
charge which by law is for the account of the Holders of the outstanding Notes.

     Anything in this Article Eight to the contrary notwithstanding, the Trustee
shall deliver or pay to the Company from time to time upon the request of the
Company any money or non-callable U.S. Government Securities held by it as
provided in Section 8.04 hereof which, in the opinion of a nationally recognized
firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee (which may be the opinion delivered under
Section 8.04(a) hereof), are in excess of the amount thereof that would then be
required to be deposited to effect an equivalent Legal Defeasance or Covenant
Defeasance.

SECTION 8.06.  REPAYMENT TO COMPANY.

     Any money deposited with the Trustee or any Paying Agent, or then held by
the Company, in trust for the payment of the principal of, premium, interest and
Additional Interest, if any, on any Note and remaining unclaimed for two years
after such principal, premium, interest and Additional Interest, if any, has
become due and payable shall be paid to the Company on its request or (if then
held by the Company) shall be discharged from such trust; and the Holder of such
Note shall thereafter, as an unsecured creditor, look only to the Company for
payment thereof, and all liability of the Trustee or such Paying Agent with
respect to such trust money, and all liability of the Company as Trustee
thereof, shall thereupon cease; provided, however, that the Trustee or such
Paying Agent, before being required to make any such repayment, may at the
expense of the Company cause to be published once, in The New York Times and The
Wall Street Journal (national edition), notice that such money remains unclaimed
and that, after a date specified therein, which shall not be less than 30 days
from the date of such notification or publication, any unclaimed balance of such
money then remaining shall be repaid to the Company.

SECTION 8.07.  REINSTATEMENT.

     If the Trustee or Paying Agent is unable to apply any United States dollars
or non-callable U.S. Government Securities in accordance with Section 8.02 or
8.03 hereof, as the case may be, by reason of any order or judgment of any court
or governmental authority enjoining, restraining or otherwise prohibiting such
application, then the Company's obligations under this Indenture and the Notes
shall be revived and reinstated as though no deposit had occurred pursuant to
Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is
permitted to apply all such money in accordance with Section 8.02 or 8.03
hereof, as the case may be; provided, however, that, if the Company makes any
payment of principal of, premium, if any, interest, or Additional Interest, if
any, on any Note following the reinstatement of its obligations, the Company
shall be subrogated to the rights of the Holders of such Notes to receive such
payment from the money held by the Trustee or Paying Agent.

                                   ARTICLE 9.

                        AMENDMENT, SUPPLEMENT AND WAIVER

SECTION 9.01.  WITHOUT CONSENT OF HOLDERS.

     Notwithstanding Section 9.02 of this Indenture, the Company, the Subsidiary
Guarantors and the Trustee may amend or supplement this Indenture or the Notes
without the consent of any Holder of a Note:

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

          (2) to provide for uncertificated Notes in addition to or in place of
     certificated Notes;

          (3) to provide for the assumption of the Company's obligations to
     Holders in the case of a merger, consolidation or sale of all or
     substantially all the assets of the Company in compliance with this
     Indenture;

          (4) to make any other change that would provide any additional rights
     or benefits to the Holders or that does not adversely affect the legal
     rights under this Indenture of any holder; or

          (5) to comply with requirements of the Commission in order to effect
     or maintain the qualification of this Indenture under the Trust Indenture
     Act of 1939.

     Upon the request of the Company accompanied by a resolution of its Board of
Directors authorizing the execution of any such amended or supplemental
indenture, and upon receipt by the Trustee of the documents described in Section
7.02 hereof, the Trustee shall join with the Company in the execution of any
amended or supplemental indenture authorized or permitted by the terms of this
Indenture and to make any further appropriate agreements and stipulations that
may be therein contained, but the Trustee shall not be obligated to enter into
such amended or supplemental indenture that affects its own rights, duties or
immunities under this Indenture or otherwise.

SECTION 9.02.  WITH CONSENT OF HOLDERS.

     (a) Except as provided below in this Section 9.02, the Company and the
Trustee may amend or supplement this Indenture (including Sections 3.09, 4.11
and 4.15 hereof) and the Notes may be amended or supplemented with the consent
of the Holders of at least a majority in principal amount of the Notes including
Additional Notes, if any, then outstanding voting as a single class (including
consents obtained in connection with a tender offer or exchange offer for, or
purchase of, the Notes), and, subject to Sections 6.04 and 6.07 hereof, any
existing Default or Event of Default (other than a Default or Event of Default
in the payment of the principal of, premium, if any, interest or Additional
Interest, if any, on the Notes, except a payment default resulting solely from
an acceleration that has been rescinded) or compliance with any provision of
this Indenture or the Notes may be waived with the consent of the Holders of a
majority in principal amount of the then outstanding Notes, including Additional
Notes, if any, voting as a single class (including consents obtained in
connection with a tender offer or exchange offer for, or purchase of, the
Notes).

     (b) Upon the request of the Company accompanied by a Board Resolution
authorizing the execution of any such amended or supplemental Indenture, and
upon the filing with the Trustee of evidence satisfactory to the Trustee of the
consent of the Holders as aforesaid, and upon receipt by the Trustee of the
documents described in Section 7.02 hereof, the Trustee shall join with the
Company in the execution of such amended or supplemental Indenture unless such
amended or supplemental Indenture directly affects the Trustee's own rights,
duties or immunities under this Indenture or otherwise, in which case the
Trustee may in its discretion, but shall not be obligated to, enter into such
amended or supplemental Indenture.

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

     (d) After an amendment, supplement or waiver under this Section 9.02
becomes effective, the Company shall mail to the Holders affected thereby a
notice briefly describing the amendment, supplement or waiver. Any failure of
the Company to mail such notice, or any defect therein, shall not, however, in
any way impair or affect the validity of any such amended or supplemental
Indenture or waiver. Subject to Sections 6.04 and 6.07 hereof, the Holders of a
majority in aggregate principal amount of the Notes, including Additional Notes,
if any, then outstanding voting as a single class may waive compliance in a
particular instance by the Company with any provision of this Indenture or the
Notes. However, without the consent of each Holder affected, an amendment or
waiver under this Section 9.02 may not (with respect to any Notes held by a
non-consenting Holder):

          (i) change the Stated Maturity of the principal of, or any installment
     of interest on, any Notes,

          (ii) reduce the principal amount of, premium, if any, or interest on,
     any Notes,

          (iii) change the place or currency of payment of principal of premium,
     if any, or interest on, any Notes,

          (iv) impair the right to institute suit for the enforcement of any
     payment on or after the Stated Maturity (or, in the case of a redemption,
     on or after the redemption date) of any Notes,

          (v) reduce the above-stated percentage of outstanding Notes the
     consent of whose Holders is necessary to modify or amend this Indenture,

          (vi) waive a default in the payment of principal of, premium, if any,
     or interest or Additional Interest on, the Notes, or

          (vii) reduce the percentage of aggregate principal amount of
     outstanding Notes the consent of whose Holders is necessary for waiver of
     compliance with certain provisions of this Indenture or for waiver of
     certain defaults.

SECTION 9.03.  COMPLIANCE WITH TRUST INDENTURE ACT.

     Every amendment or supplement to this Indenture or the Notes shall be set
forth in an amended or supplemental indenture that complies with the TIA as then
in effect.

SECTION 9.04.  REVOCATION AND EFFECT OF CONSENTS.

     Until an amendment, supplement or waiver becomes effective, a consent to it
by a Holder of a Note is a continuing consent by the Holder of a Note and every
subsequent Holder of a Note or portion of a Note that evidences the same debt as
the consenting Holder's Note, even if notation of the consent is not made on any
Note. However, any such Holder of a Note or subsequent Holder of a Note may
revoke the consent as to its Note if the Trustee receives written notice of
revocation before the date the waiver, supplement or amendment becomes
effective. An amendment, supplement or waiver becomes effective in accordance
with its terms and thereafter binds every Holder.

SECTION 9.05.  NOTATION ON OR EXCHANGE OF NOTES.

     The Trustee may place an appropriate notation about an amendment,
supplement or waiver on any Note thereafter authenticated. The Company in
exchange for all Notes may issue and the Trustee shall, upon receipt of an
Authentication Order, authenticate new Notes that reflect the amendment,
supplement or waiver.

     Failure to make the appropriate notation or issue a new Note shall not
affect the validity and effect of such amendment, supplement or waiver.

SECTION 9.06.  TRUSTEE TO SIGN AMENDMENTS, ETC.

     The Trustee shall sign any amended or supplemental indenture authorized
pursuant to this Article Nine if the amendment or supplement does not adversely
affect the rights, duties, liabilities or immunities of the Trustee. The Company
may not sign an amendment or supplemental indenture until the Board of Directors
approves it. In executing any amended or supplemental indenture, the Trustee
shall be entitled to receive and (subject to Section 7.01 hereof) shall be fully
protected in relying upon, in addition to the documents required by Section
11.04 hereof, an Officers' Certificate and an Opinion of Counsel stating that
the execution of such amended or supplemental indenture is authorized or
permitted by this Indenture.

                                  ARTICLE 10.

                           SATISFACTION AND DISCHARGE

SECTION 10.01. SATISFACTION AND DISCHARGE OF INDENTURE.

     The Company will be deemed to have paid and will be discharged from any and
all obligations in respect of the Notes on the day of the deposit referred to
below, and the provisions of this Indenture will no longer be in effect with
respect to the Notes (subject to Section 8.07 and as surviving rights of
registration of transfer or exchange of the Notes as expressly provided, this
Indenture) and the Trustee at the expense of the Company, shall execute proper
instruments acknowledging satisfaction and discharge of this Indenture when:

          (1) the Company has deposited with the Trustee, in trust, money and
     /or U.S. Government Obligations that through the payment of interest and
     principal in respect thereof in accordance with their terms will provide
     money in an amount sufficient to pay the principal of, premium, if any, and
     accrued interest on the Notes on the Stated Maturity of such payments in
     accordance with the terms of this Indenture and the Notes,

          (2) the Company has delivered to the Trustee

               (a) either

                    (i) an Opinion of Counsel to the effect that Holders will
               not recognize income, gain or loss for federal income tax
               purposes as a result of the Company's exercise of its option
               under this Section 10.01 and will be subject to federal income
               tax on the same amount and in the same manner and at the same
               times as would have been the case if such deposit, defeasance and
               discharge had not occurred, which opinion of counsel must be
               based upon (and accompanied by a copy of) a ruling of the
               Internal Revenue Service to the same effect unless there has been
               a change in applicable federal income tax law after the Issue
               Date such that a ruling is no longer required or,

                    (ii) a ruling directed to the Trustee received from the
               Internal Revenue Service to the same effect as the aforementioned
               Opinion of Counsel and

               (b) an Opinion of Counsel to the effect that the creation of the
          defeasance trust does not violate the Investment Company Act of 1940
          and after the passage of 123 days following the deposit (except with
          respect to any trust funds for the account of any holder who may be
          deemed an "insider" for purposes of the United States Bankruptcy Code,
          after one year following the deposit), the trust funds will not be
          subject to the effect of Section 547 of the United States Bankruptcy
          Code or Section 15 of the New York Debtor and Creditor Law,

          (3) immediately after giving effect to such deposit on a pro forma
     basis, no Default or Event of Default shall have occurred and be continuing
     on the date of such deposit, and such deposit shall not result in a breach
     or violation of, or constitute a default under, any other agreement or
     instrument to which the Company or any of its Subsidiaries is a party or by
     which the Company or any of its Subsidiaries is bound, and

          (4) if at such time the Notes are listed on a national securities
     exchange, the Company has delivered to the Trustee an Opinion of Counsel to
     the effect that the Notes will not be delisted as a result of such deposit,
     defeasance and discharge.

     Notwithstanding the satisfaction and discharge of this Indenture, the
obligations under Section 7.07 and 7.10 and, if money shall have been deposited
with the Trustee pursuant to clause (a) of this Section 10.01, the obligations
of the Trustee under Section 10.02 and Section 2.04 shall survive.

SECTION 10.02. APPLICATION OF TRUST MONEY.

     Subject to the provisions of Section 2.04, all money deposited with the
Trustee pursuant to Section 11.01 shall be held in trust and applied by it, in
accordance with the provisions of the Notes and this Indenture, to the payment,
either directly or through any Paying Agent (including any issuer acting as
Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of
the principal and premium, if any, and interest for whose payment such money has
been deposited with the Trustee; but such money need not be segregated from
other funds except to the extent required by law.

                                  ARTICLE 11.

                                MISCELLANEOUS

SECTION 11.01. TRUST INDENTURE ACT CONTROLS.

     If any provision of this Indenture limits, qualifies or conflicts with the
duties imposed by TIA ss. 318(c), the imposed duties shall control.

SECTION 11.02. NOTICES.

     Any notice or communication by the Company or the Trustee to the others is
duly given if in writing and delivered in Person or mailed by first class mail
(registered or certified, return receipt requested), telex, telecopier or
overnight air courier guaranteeing next-day delivery, to the others' address.

                  If to the Company:

                  Dobson Communications Corporation
                  14201 Wireless Way
                  Oklahoma City, Oklahoma  73134
                  Telecopier No.:  (405) 529-8515
                  Attention:  Chief Financial Officer

                  With a copy to:

                  McAfee & Taft A Professional Corporation
                  211 North Robinson Road, 10th Floor
                  Oklahoma City, Oklahoma  73102
                  Telecopier No.:  (405) 228-7421
                  Attention:  Theodore M. Elam

                  If to the Trustee:

                  Bank of Oklahoma, National Association
                  9520 North May, Suite 110
                  Oklahoma City, OK  73120
                  Telecopier No.: (405) 936-3964
                  Attention: Timothy M. Cook

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

     Except as provided below, all notices and communications (other than those
sent to Holders) 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, postage prepaid, if mailed; when answered back, if telexed; when
receipt acknowledged, if telecopied; and the next Business Day after timely
delivery to the courier, if sent by overnight air courier guaranteeing next day
delivery.

     Any notice or communication to a Holder shall be mailed by first class
mail, certified or registered, return receipt requested, or by overnight air
courier guaranteeing next day delivery to its address shown on the register kept
by the Registrar. Any notice or communication shall also be so mailed to any
Person described in TIA ss. 313(c), to the extent required by the TIA. Failure
to mail a notice or communication to a Holder or any defect in it shall not
affect its sufficiency with respect to other Holders.

     Except for a notice to the Trustee, which is deemed given only when
received, and except as otherwise provided in this Indenture, if a notice or
communication is mailed in the manner provided above within the time prescribed,
it is duly given, whether or not the addressee receives it.

     If the Company mails a notice or communication to Holders, it shall mail a
copy to the Trustee and each Agent at the same time.

     Where this Indenture provides for notice in any manner, such notice may be
waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice.
Waivers of notice by Holders shall be filed with the Trustee, but such filing
shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver.

     In case by reason of the suspension of regular mail service or by reason of
any other cause it shall be impracticable to give such notice by mail, then such
notification as shall be made with the approval of the Trustee shall constitute
a sufficient notification for every purpose hereunder.

SECTION 11.03. COMMUNICATION BY HOLDERS WITH OTHER HOLDERS.

     Holders may communicate pursuant to TIA ss. 312(b) with other Holders with
respect to their rights under this Indenture or the Notes. The Company, the
Trustee, the Registrar and anyone else shall have the protection of TIA ss.
312(c).

SECTION 11.04. CERTIFICATE AND OPINION AS TO CONDITIONS PRECEDENT.

     Upon any request or application by the Company to the Trustee to take any
action under this Indenture, the Company shall furnish to the Trustee:

     (a) an Officers' Certificate (which shall include the statements set forth
in Section 11.05 hereof) stating that, in the opinion of the signers, all
conditions precedent and covenants, if any, provided for in this Indenture
relating to the proposed action have been satisfied; and

     (b) an Opinion of Counsel (which shall include the statements set forth in
Section 11.05 hereof) stating that, in the opinion of such counsel, all such
conditions precedent and covenants have been satisfied.

SECTION 11.05. STATEMENTS REQUIRED IN CERTIFICATE OR OPINION.

     Each certificate or opinion with respect to compliance with a condition or
covenant provided for in this Indenture (other than a certificate provided
pursuant to TIA ss. 314(a)(4)) shall comply with the provisions of TIA ss.
314(e) and shall include:

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

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

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

     (d) a statement as to whether or not, in the opinion of such Person, such
condition or covenant has been satisfied.

SECTION 11.06. RULES BY TRUSTEE AND AGENTS.

     The Trustee may make reasonable rules for action by or at a meeting of
Holders. The Registrar or Paying Agent may make reasonable rules and set
reasonable requirements for its functions.

SECTION 11.07. NO PERSONAL LIABILITY OF DIRECTORS, OFFICERS,
               EMPLOYEES AND STOCKHOLDERS.

     No recourse for the payment of the principal of, premium, if any, or
interest or Additional Interest, if any, on any of the Notes, or for any claim
based thereon or otherwise in respect thereof, and no recourse under or upon any
obligation, covenant or agreement of the Company contained in this Indenture or
in any of the Notes, or because of the creation of any Indebtedness represented
thereby, shall be had against any incorporator or past, present or future
director, officer, employee, controlling Person or stockholder of the Company.
Each Holder by accepting a Note waives and releases all such liability. The
waiver and release are part of the consideration for issuance of the Notes. Such
waiver may not be effective to waive liabilities under the federal securities
laws and it is the view of the Commission that such a waiver is against public
policy.

SECTION 11.08. GOVERNING LAW.

     THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO
CONSTRUE THIS INDENTURE AND THE NOTES WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

SECTION 11.09. NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS.

     This Indenture may not be used to interpret any other indenture, loan or
debt agreement of the Company or its Subsidiaries or of any other Person. Any
such indenture, loan or debt agreement may not be used to interpret this
Indenture.

SECTION 11.10. SUCCESSORS.

     All agreements of the Company and the Guarantors in this Indenture and the
Notes shall bind their respective successors. All agreements of the Trustee in
this Indenture shall bind its successors.

SECTION 11.11. SEVERABILITY.

     In case any provision in this Indenture or in the Notes shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby.

SECTION 11.12. COUNTERPART ORIGINALS.

     The parties may sign any number of copies of this Indenture. Each signed
copy shall be an original, but all of them together represent the same
agreement.

SECTION 11.13. TABLE OF CONTENTS, HEADINGS, ETC.

     The Table of Contents, Cross-Reference Table and Headings of the Articles
and Sections of this Indenture have been inserted for convenience of reference
only, are not to be considered a part of this Indenture and shall in no way
modify or restrict any of the terms or provisions hereof.

                         [Signatures on following page]

<PAGE>

     IN WITNESS WHEREOF, the Company has caused this Indenture to be duly
executed as of the day and year first above written.

                                    COMPANY:

                                    DOBSON COMMUNICATIONS CORPORATION

                                    By:    BRUCE R. KNOOIHUIZEN
                                    Name:  Bruce R. Knooihuizen
                                    Title: Executive Vice President and
                                           Chief Financial Officer
<PAGE>
                                    TRUSTEE:

                                    BANK OF OKLAHOMA, NATIONAL ASSOCIATION

                                    By:    TIMOTHY M. COOK
                                    Name:  Timothy M. Cook
                                    Title: Senior Vice President

<PAGE>
                                    EXHIBIT A
                                 (Face of Note)

                          8-7/8% Senior Notes due 2013

CUSIP:

No.                                                            $

                        DOBSON COMMUNICATIONS CORPORATION

promises to pay to Cede & Co. or registered assigns, the principal sum of
_________________ Dollars ($______________) on October 1, 2013.

Interest Payment Dates:  April 1 and October 1, commencing April 1, 2004.

Record Dates:  March 15 and September 15.

                                     DOBSON COMMUNICATIONS CORPORATION

                                     By:
                                     Name:
                                     Title:

This is one of the Global
Notes referred to in the
within-mentioned Indenture

BANK OF OKLAHOMA,
NATIONAL ASSOCIATION
as Trustee

By:

Authorized Signatory

Dated:  September 26, 2003

===============================================================================
<PAGE>
                                 (Back of Note)

                          8-7/8% Senior Notes due 2013

     [   THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE
     GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE
     BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY
     CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS
     MAY BE REQUIRED PURSUANT TO SECTION 2.06 OR IN ACCORDANCE WITH SECTION 9.05
     OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT
     IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (III) THIS GLOBAL
     NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION
     2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A
     SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.

          UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN
     DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE
     DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY
     TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY
     OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH
     SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
     REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK,
     NEW YORK) ("DTC"), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF
     TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN
     THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN
     AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
     SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
     DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
     TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE &
     CO., HAS AN INTEREST HEREIN.](1)

          THE NOTE EVIDENCED HEREBY HAS NOT BEEN REGISTERED UNDER THE SECURITIES
     ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR OTHER SECURITIES LAWS.
     NEITHER THIS NOTE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE
     REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
     DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION UNLESS THE TRANSACTION IS
     EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
     SECURITIES ACT. THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF (1)
     REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN
     RULE 144A UNDER THE SECURITIES ACT), (B) IT IS NOT A U.S. PERSON AND IT IS
     ACQUIRING THIS NOTE IN AN "OFFSHORE TRANSACTION" PURSUANT TO RULE 904 OF
     REGULATION S UNDER THE SECURITIES ACT, OR (C) IT IS AN INSTITUTIONAL
     "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPHS (A)(1), (2), (3)
     OR (7) OF RULE 501 UNDER THE SECURITIES ACT, (2) AGREES THAT IT WILL NOT,
     PRIOR TO (X) THE DATE WHICH IS TWO YEARS (OR SUCH SHORTER PERIOD OF TIME AS
     PERMITTED BY RULE 144(k) UNDER THE SECURITIES ACT OR ANY SUCCESSOR
     PROVISION THEREUNDER) AFTER THE LATER OF THE ORIGINAL ISSUE DATE (OR OF ANY
     PREDECESSOR OF THIS NOTE) OR THE LAST DAY ON WHICH DOBSON COMMUNICATIONS
     CORPORATION WAS THE OWNER OF THIS NOTE (OR ANY PREDECESSOR OF THIS NOTE)
     AND (Y) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW (THE
     "RESALE RESTRICTION TERMINATION DATE"), OFFER, SELL OR OTHERWISE TRANSFER
     THIS NOTE EXCEPT (A) TO DOBSON COMMUNICATIONS CORPORATION, (B) PURSUANT TO
     A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE
     SECURITIES ACT, (C) FOR SO LONG AS THE NOTES ARE ELIGIBLE FOR RESALE
     PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A "QUALIFIED
     INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT
     PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
     INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE
     IN RELIANCE ON RULE 144A INSIDE THE UNITED STATES, (D) PURSUANT TO OFFERS
     AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN
     THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN
     INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPHS
     (A)(1), (2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT THAT, PRIOR TO
     SUCH TRANSFER, FURNISHES TO THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN
     REPRESENTATIONS AND AGREEMENTS RELATING TO THE RESTRICTIONS ON THE TRANSFER
     OF THIS NOTE (WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER
     IS IN RESPECT OF LESS THAN $100,000 PRINCIPAL AMOUNT OF NOTES, AN OPINION
     OF COUNSEL ACCEPTABLE TO DOBSON COMMUNICATIONS CORPORATION THAT SUCH
     TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, OR (F) PURSUANT TO ANY
     OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
     SECURITIES ACT, AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM
     THIS NOTE IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS
     LEGEND; PROVIDED THAT DOBSON COMMUNICATIONS CORPORATION SHALL HAVE THE
     RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER (I) PURSUANT TO CLAUSE (D),
     (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION
     AND/OR OTHER INFORMATION SATISFACTORY TO IT, AND (II) IN EACH OF THE
     FOREGOING CASES, TO REQUIRE THAT A CERTIFICATION OF TRANSFER IN THE FORM
     APPEARING IN THE INDENTURE GOVERNING THIS NOTE IS COMPLETED AND DELIVERED
     BY THE TRANSFEROR TO THE TRUSTEE. THIS LEGEND WILL BE REMOVED UPON THE
     REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. AS
     USED HEREIN, THE TERMS "OFFSHORE TRANSACTION," "UNITED STATES" AND "U.S.
     PERSON" HAVE THE MEANINGS GIVEN TO THEM BY REGULATION S UNDER THE
     SECURITIES ACT.

---------------
(1)  Used on Global Note only.

     Capitalized terms used herein shall have the meanings assigned to them in
the Indenture referred to below unless otherwise indicated.

     1. INTEREST. Dobson Communications Corporation, an Oklahoma corporation
(the "Company"), promises to pay interest on the principal amount of this Note
at 8.875% per annum until maturity and shall pay the Additional Interest, if
any, payable pursuant to Section 5 of the Registration Rights Agreement referred
to below. The Company shall pay interest and Additional Interest, if any,
semi-annually on April 1 and October 1 of each year, or if any such day is not a
Business Day, on the next succeeding Business Day (each an "Interest Payment
Date"). Interest on the Notes shall accrue from the most recent date to which
interest has been paid or, if no interest has been paid, from September 26,
2003; provided, however, that if there is no existing Default in the payment of
interest, and if this Note is authenticated between a record date referred to on
the face hereof and the next succeeding Interest Payment Date, interest shall
accrue from such next succeeding Interest Payment Date; provided, further, that
the first Interest Payment Date shall be April 1, 2004. The Company shall pay
interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue principal and premium, if any, from time to time on
demand at a rate that is 1% per annum in excess of the rate then in effect; it
shall pay interest (including post-petition interest in any, proceeding under
any Bankruptcy Law) on overdue installments of interest and Additional Interest,
if any (without regard to any applicable grace periods) from time to time on
demand at the same rate to the extent lawful. Interest shall be computed on the
basis of a 360-day year of twelve 30-day months.

     2. METHOD OF PAYMENT. The Company shall pay principal, premium, if any,
interest and Additional Interest, if any, on the Notes to the Persons who are
registered Holders at the close of business on the March 15 or September 15 next
preceding the interest payment date, even if such Notes are cancelled after such
record date and on or before such interest payment date, except as provided in
Section 2.12 of the Indenture with respect to defaulted interest. The Notes
shall be payable by wire transfer of immediately available funds to the
registered Holder of the relevant Global Note and, with respect to certificated
Notes, by wire transfer of immediately available funds in accordance with
instructions provided by the registered Holders of certificated Notes or, if no
such instructions are specified, by mailing a check to each such Holder's
registered address. Such payment shall be in such coin or currency of the United
States of America as at the time of payment is legal tender for payment of
public and private debts.

     3. PAYING AGENT AND REGISTRAR. Initially, Bank of Oklahoma, National
Association, the Trustee under the Indenture, shall act as Paying Agent and
Registrar. The Company may change any Paying Agent or Registrar without notice
to any Holder. The Company or any of its Subsidiaries may act in any such
capacity.

     4. INDENTURE. The Company issued the Notes under an Indenture dated as of
September 26, 2003 ("Indenture") between the Company and the Trustee. The terms
of the Notes include those stated in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S.
Code ss.ss. 77aaa-77bbbb). The Notes are subject to all such terms, and Holders
are referred to the Indenture and such Act for a statement of such terms. To the
extent any provision of this Note conflicts with the express provisions of the
Indenture, the provisions of the Indenture shall govern and be controlling.

     5. OPTIONAL REDEMPTION.

     (a) The Company may redeem the Notes at any time and from time to time on
or after October 1, 2008, at its option, in whole or in part, at a redemption
price equal to the percentage of principal amount set forth below, plus accrued
and unpaid interest and Additional Interest, if any, on the Notes redeemed to
the applicable redemption date, if redeemed during the 12-month period beginning
on October 1 each of the years set forth below:

               Year                              Percentage
               ----                              ----------
               2008..............                108.438%
               2009..............                102.958%
               2010..............                101.479%
               2011 and thereafter               100.000%

     (b) In addition, at any time and from time to time on or prior to October
1, 2006, the Company may redeem up to 35% of the principal amount of the Notes
at a redemption price equal to 108.875% of their principal amount, plus accrued
and unpaid interest and Additional Interest, if any, on the Notes redeemed to
the redemption date, with the proceeds of one or more sales of its Capital Stock
(other than Disqualified Stock); provided that, in each case, such redemption
date occurs within 180 days after consummation of such sale and at least 65%
aggregate principal amount of the Notes issued on the Issue Date remains
outstanding after each such redemption.

     (c) In addition to the foregoing, at any time prior to October 1, 2008, the
Company may also redeem the Notes in whole or in part, at a redemption price
equal to 100% of the principal amount thereof plus the Applicable Premium as of,
and accrued and unpaid interest and Additional Interest, if any, to, the date of
redemption (subject to the right of Holders on the relevant record date to
receive interest due on the relevant interest payment date in respect of then
outstanding Notes).

     6. MANDATORY REDEMPTION.

     Except as described below under Sections 4.11 and 4.15 of the Indenture,
the Company shall not be required to make any mandatory redemption of, sinking
fund payments for, or offer to repurchase any Notes.

     7. REPURCHASE AT OPTION OF HOLDER.

     (a) If a Change of Control Triggering Event occurs, each Holder shall have
the right to require the Company to repurchase all or any part of such Holder's
Notes pursuant to a Change of Control Offer in cash at a price equal to 101% of
the aggregate principal amount of Notes repurchased plus accrued and unpaid
interest and Additional Interest, if any, to the purchase date. Within 30 days
following any Change of Control Triggering Event, the Company shall mail a
notice to each Holder describing the transaction or transactions that constitute
the Change of Control and offering to repurchase Notes on the Change of Control
Payment Date specified in the notice, which date will be no earlier than 30 days
and no later than 60 days from the date such notice is mailed, pursuant to the
procedures required by this Indenture and described in such notice.

     (b) If, as of the first day of any calendar month, the aggregate amount of
Excess Proceeds from Asset Sales not theretofore subject to an Offer to Purchase
totals at least $10.0 million, the Company shall commence, not later than the
fifteenth Business Day of such month, and consummate an Offer to Purchase from
the Holders of Notes and the holders of any Indebtedness ranking equally with
the Notes and entitled to participate in such an Offer to Purchase on a pro rata
basis, an aggregate principal amount of Notes and such other Indebtedness equal
to the Excess Proceeds on such date, at a purchase price equal to 101% of the
principal amount thereof, plus, in each case, accrued interest and Additional
Interest, if any, to the Payment Date.

     (c) The Company shall effect any Offer to Purchase in accordance with the
procedures set forth in the Indenture.

     8. NOTICE OF REDEMPTION. Notice of redemption shall be mailed at least 30
days but not more than 60 days before the redemption date to each Holder whose
Notes are to be redeemed at its registered address. Notes and portions of Notes
selected shall be in amounts of $1,000 or whole multiples of $1,000; except that
if all of the Notes of a Holder are to be redeemed, the entire outstanding
amount of Notes held by such Holder, even if not a multiple of $1,000, shall be
redeemed. On and after the redemption date interest ceases to accrue on Notes,
or portions thereof, called for redemption.

     9. DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form
without coupons in denominations of $1,000 and integral multiples of $1,000. The
transfer of Notes may be registered and Notes may be exchanged as provided in
the Indenture. The Registrar and the Trustee may require a Holder, among other
things, to furnish appropriate endorsements and transfer documents and the
Company may require a Holder to pay any taxes and fees required by law or
permitted by the Indenture. The Company need not exchange or register the
transfer of any Note or portion of a Note selected for redemption, except for
the unredeemed portion of any Note being redeemed in part. Also, the Company
need not exchange or register the transfer of any Notes for a period of 15 days
before a selection of Notes to be redeemed or during the period between a record
date and the corresponding interest payment date.

     11. PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated
as its owner for all purposes.

     12. AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions, the
Indenture or the Notes may be amended or supplemented with the consent of the
Holders of at least a majority in principal amount of the then outstanding Notes
voting as a single class, change the Stated Maturity of the principal of, or any
installment of interest on, any Notes, reduce the principal amount of, premium,
if any, or interest on, any Notes, change the place or currency of payment of
principal of premium, if any, or interest on, any Notes, impair the right to
institute suit for the enforcement of any payment on or after the Stated
Maturity (or, in the case of a redemption, on or after the redemption date) of
any Notes, reduce the above-stated percentage of outstanding Notes the consent
of whose holders is necessary to modify or amend the indenture, waive a default
in the payment of principal of, premium, if any, or interest or Additional
Interest on, the Notes, or reduce the percentage of aggregate principal amount
of outstanding Notes the consent of whose Holders is necessary for waiver of
compliance with certain provisions of this Indenture or for waiver of certain
defaults. Without the consent of any Holder of a Note, the Indenture or the
Notes may be amended or supplemented to cure any ambiguity, defect or
inconsistency; to provide for uncertificated Notes in addition to or in place of
certificated Notes; to provide for the assumption of the Company's obligations
to Holders in the case of a merger, consolidation or sale of all or
substantially all the assets of the Company in compliance with this Indenture;
to make any other change that would provide any additional rights or benefits to
the Holders or that does not adversely affect the legal rights under this
Indenture of any older; or to comply with requirements of the Commission in
order to effect or maintain the qualification of this Indenture under the Trust
Indenture Act of 1939.

     13. DEFAULTS AND REMEDIES. Events of Default include, in summary form: (a)
default in payment when due of the principal of or premium, if any, on the
Notes; (b) default for 30 days in the payment when due of interest or Additional
Interest, if any, on the Notes; (c) default in the performance of the provisions
of Sections 5.01 of the Indenture; (d) default for 45 days after notice in the
performance of Section 4.03, 4.07, 4.08, 4.09, 4.10, 4.12, 4.13, 4.14, 4.15,
4.17 and 4.18 of the Indenture; (e) failure by the Company or any Restricted
Subsidiaries for 60 days after notice to comply with any of its other agreements
in the Indenture or the Notes; (f) the nonpayment within any applicable grace
period after the final maturity, or the acceleration by the Holders because of a
default, of Indebtedness of the Company, the Company or any Significant
Subsidiary, and the total amount of such Indebtedness unpaid or accelerated
exceeds $25.0 million; (g) failure by the Company or any of its Significant
Subsidiaries to pay final judgments aggregating in excess of $35.0 million,
which judgments are not paid, discharged or stayed for a period of 30
consecutive days; and (g) certain events of bankruptcy or insolvency with
respect to the Company or any of its Significant Subsidiaries. If any Event of
Default occurs and is continuing, the Trustee or the Holders of at least 25% in
principal amount of the then outstanding Notes may declare all the Notes to be
due and payable, subject to certain conditions. Notwithstanding the foregoing,
in the case of an Event of Default arising from certain events of bankruptcy or
insolvency, all outstanding Notes shall become due and payable without further
action or notice. Holders may not enforce the Indenture or the Notes except as
provided in the Indenture. Subject to certain limitations, Holders of a majority
in aggregate principal amount of the then outstanding Notes may direct the
Trustee in its exercise of any trust or power. The Trustee may withhold from
Holders notice of any continuing Default or Event of Default (except a Default
or Event of Default relating to the payment of principal or interest) if it
determines that withholding notice is in their interest. The Holders of a
majority in aggregate principal amount of the Notes then outstanding by notice
to the Trustee may on behalf of the Holders waive any existing Default or Event
of Default and its consequences under the Indenture except a continuing Default
or Event of Default in the payment of interest and premium, if any, on, or the
principal of, the Notes. The Company is required to deliver to the Trustee
annually a statement regarding compliance with the Indenture, and the Company is
required upon becoming aware of any Default or Event of Default, to deliver to
the Trustee a statement specifying such Default or Event of Default.

     14. DEFEASANCE. The Indenture and the obligations under the Notes may be
defeased (subject to certain exceptions) or the Company may cease to comply with
certain covenants of the Indenture, upon satisfaction of the conditions
specified in Article 8 of the Indenture.

     15. TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual or any
other capacity, may make loans to, accept deposits from, and perform services
for the Company or its Affiliates, and may otherwise deal with the Company or
its Affiliates, as if it were not the Trustee.

     16. NO RECOURSE AGAINST OTHERS. No recourse for the payment of the
principal of, premium, if any, or interest or Additional Interest, if any, on
any of the Notes, or for any claim based thereon or otherwise in respect
thereof, and no recourse under or upon any obligation, covenant or agreement of
the Company contained in this Indenture or in any of the Notes, or because of
the creation of any Indebtedness represented thereby, shall be had against any
incorporator or past, present or future director, officer, employee, controlling
Person or stockholder of the Company. Each Holder by accepting a Note waives and
releases all such liability. The waiver and release are part of the
consideration for the issuance of the Notes.

     17. AUTHENTICATION. This Note shall not be valid until authenticated by the
manual signature of the Trustee or an authenticating agent.

     18. ABBREVIATIONS. Customary abbreviations may be used in the name of a
Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (=
tenants by the entireties), JT TEN (= joint tenants with right of survivorship
and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts
to Minors Act).

     19. ADDITIONAL RIGHTS OF HOLDERS OF RESTRICTED GLOBAL NOTES AND RESTRICTED
DEFINITIVE NOTES. In addition to the rights provided to Holders under the
Indenture, Holders of Restricted Global Notes and Restricted Definitive Notes
shall have all the rights set forth in the Registration Rights Agreement dated
as of September 26, 2003, between the Company and the parties named on the
signature pages thereof (the "Registration Rights Agreement").

     20. CUSIP AND ISIN NUMBERS. Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Company has caused
CUSIP and ISIN numbers to be printed on the Notes and the Trustee may use CUSIP
and ISIN numbers in notices of redemption as a convenience to Holders. No
representation is made as to the accuracy of such numbers either as printed on
the Notes or as contained in any notice of redemption and reliance may be placed
only on the other identification numbers placed thereon.

     The Company shall furnish to any Holder upon written request and without
charge a copy of the Indenture and/or the Registration Rights Agreement.
Requests may be made to:

                  Dobson Communications Corporation
                  14201 Wireless Way
                  Oklahoma City, Oklahoma 73134
                  Attention: Treasurer

<PAGE>

                                 ASSIGNMENT FORM

To assign this Note, fill in the form below: (I) or (we) assign and transfer
this Note to

--------------------------------------------------------------------------------
              (Insert assignee's social security or tax I.D. no.)

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

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

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

--------------------------------------------------------------------------------
              (Print or type assignee's name, address and zip code)

and irrevocably appoint _______________________________________________ to
transfer this Note on the books of the Company. The agent may substitute another
to act for him.

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

Date:

                                Your Signature:
                                (Sign exactly as your name appears on the
                                face of this Note)

                                Signature Guarantee: ____________________

<PAGE>

                       OPTION OF HOLDER TO ELECT PURCHASE

     If you want to elect to have this Note purchased by the Company pursuant to
Section 4.11 or 4.15 of the Indenture, check the box below:

                  [ ] Section 4.11              [ ] Section 4.15

     If you want to elect to have only part of the Note purchased by the Company
pursuant to Section 4.11 or Section 4.15 of the Indenture, state the amount you
elect to have purchased: $________

Date:                          Your Signature:
                               (Sign exactly as your name appears
                               on the Note)

                               Signature Guarantee:  _________________________

                               Tax Identification No:

<PAGE>

              SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

     The following exchanges of a part of this Global Note for an interest in
another Global Note or for a Definitive Note, or exchanges of a part of another
Global Note or Definitive Note for an interest in this Global Note, have been
made:

<TABLE>
<CAPTION>

                                                                         Principal Amount
                        Amount of decrease in  Amount of increase in          of this             Signature of
                          Principal Amount        Principal Amount          Global Note        authorized officer
                               of this                of this             following such          of Trustee or
   Date of Exchange          Global Note            Global Note       decrease (or increase)        Custodian
--------------------------------------------------------------------------------------------------------------------
<S>                     <C>                   <C>                     <C>                      <C>
</TABLE>

<PAGE>
                                    EXHIBIT B

                         FORM OF CERTIFICATE OF TRANSFER

Dobson Communications Corporation
14201 Wireless Way
Oklahoma City, Oklahoma 73134

Bank of Oklahoma, National Association
9520 North May, Suite 110
Oklahoma City, OK  73120

     Re: 8-7/8% Senior Notes due 2013 of Dobson Communications Corporation

     Reference is hereby made to the Indenture, dated as of September 26, 2003
(the "Indenture"), between Dobson Communications Corporation, as issuer (the
"Company"), named therein and Bank of Oklahoma, as Trustee. Capitalized terms
used but not defined herein shall have the meanings given to them in the
Indenture.

     ______________, (the "Transferor") owns and proposes to transfer the
Note[s] or interest in such Note[s] specified in Annex A hereto, in the
principal amount of $___________ in such Note[s] or interests (the "Transfer"),
to __________ (the "Transferee"), as further specified in Annex A hereto. In
connection with the Transfer, the Transferor hereby certifies that:

[CHECK ALL THAT APPLY]

1. [ ] Check if Transferee shall take delivery of a beneficial interest in the
144A Global Note or a Definitive Note Pursuant to Rule 144A. The Transfer is
being effected pursuant to and in accordance with Rule 144A under the United
States Securities Act of 1933 (the "Securities Act"), and, accordingly, the
Transferor hereby further certifies that the beneficial interest or Definitive
Note is being transferred to a Person that the Transferor reasonably believed
and believes is purchasing the beneficial interest or Definitive Note for its
own account, or for one or more accounts with respect to which such Person
exercises sole investment discretion, and such Person and each such account is a
"qualified institutional buyer" within the meaning of Rule 144A in a transaction
meeting the requirements of Rule 144A and such Transfer is in compliance with
any applicable blue sky securities laws of any state of the United States. Upon
consummation of the proposed Transfer in accordance with the terms of the
Indenture, the transferred beneficial interest or Definitive Note shall be
subject to the restrictions on transfer enumerated in the Private Placement
Legend printed on the 144A Global Note or the Definitive Note and in the
Indenture and the Securities Act.

2. [ ]  Check if Transferee shall take delivery of a beneficial interest in the
Regulation S Global Note or a Definitive Note pursuant to Regulation S. The
Transfer is being effected pursuant to and in accordance with Rule 904 under the
Securities Act and, accordingly, the Transferor hereby further certifies that
(i) the Transfer is not being made to a Person in the United States and (x) at
the time the buy order was originated, the Transferee was outside the United
States or such Transferor and any Person acting on its behalf reasonably
believed and believes that the Transferee was outside the United States or (y)
the transaction was executed in, on or through the facilities of a designated
offshore securities market and neither such Transferor nor any Person acting on
its behalf knows that the transaction was prearranged with a buyer in the United
States, (ii) no directed selling efforts have been made in contravention of the
requirements of Rule 904(b) of Regulation S under the Securities Act, (iii) the
transaction is not part of a plan or scheme to evade the registration
requirements of the Securities Act and (iv) if the proposed transfer is being
made prior to the expiration of the Restricted Period, the transfer is not being
made to a U.S. Person or for the account or benefit of a U.S. Person (other than
an Initial Purchaser). Upon consummation of the proposed transfer in accordance
with the terms of the Indenture, the transferred beneficial interest or
Definitive Note shall be subject to the restrictions on Transfer enumerated in
the Private Placement Legend printed on the Regulation S Global Note and/or the
Definitive Note and in the Indenture and the Securities Act.

3. [ ] Check and complete if Transferee shall take delivery of a Definitive Note
pursuant to any provision of the Securities Act other than Rule 144A or
Regulation S. The Transfer is being effected in compliance with the transfer
restrictions applicable to beneficial interests in Restricted Global Notes and
Restricted Definitive Notes and pursuant to and in accordance with the
Securities Act and any applicable blue sky securities laws of any state of the
United States, and accordingly the Transferor hereby further certifies that
(check one):

          (a) such Transfer is being effected pursuant to and in accordance with
Rule 144 under the Securities Act;

                                       or

          (b) such Transfer is being effected to the Company or a subsidiary
thereof;

                                       or

          (c) such Transfer is being effected pursuant to an effective
registration statement under the Securities Act and in compliance with the
prospectus delivery requirements of the Securities Act;

                                       or

          (d) such Transfer is being effected to an Institutional Accredited
Investor and pursuant to an exemption from the registration requirements of the
Securities Act other than Rule 144A, Rule 144 or Rule 904, and the Transferor
hereby further certifies that it has not engaged in any general solicitation
within the meaning of Regulation D under the Securities Act and the Transfer
complies with the transfer restrictions applicable to beneficial interests in a
Restricted Global Note or Restricted Definitive Notes and the requirements of
the exemption claimed, which certification is supported by (1) a certificate
executed by the Transferee in the form of Exhibit D to the Indenture, and (2) an
Opinion of Counsel provided by the Transferor or the Transferee (a copy of which
the Transferor has attached to this certification), to the effect that such
Transfer is in compliance with the Securities Act. Upon consummation of the
proposed transfer in accordance with the terms of the Indenture, the transferred
beneficial interest or Definitive Note shall be subject to the restrictions on
transfer enumerated in the Private Placement Legend printed on the Definitive
Notes and in the Indenture and the Securities Act.

4. [ ]  Check if Transferee shall take delivery of a beneficial interest in an
Unrestricted Global Note or of an Unrestricted Definitive Note.

          (a) Check if Transfer is pursuant to Rule 144. (i) The Transfer is
being effected pursuant to and in accordance with Rule 144 under the Securities
Act and in compliance with the transfer restrictions contained in the Indenture
and any applicable blue sky securities laws of any state of the United States
and (ii) the restrictions on transfer contained in the Indenture and the Private
Placement Legend are not required in order to maintain compliance with the
Securities Act. Upon consummation of the proposed Transfer in accordance with
the terms of the Indenture, the transferred beneficial interest or Definitive
Note shall no longer be subject to the restrictions on transfer enumerated in
the Private Placement Legend printed on the Restricted Global Notes, on
Restricted Definitive Notes and in the Indenture.

          (b) Check if Transfer is Pursuant to Regulation S. (i) The Transfer is
being effected pursuant to and in accordance with Rule 903 or Rule 904 under the
Securities Act and in compliance with the transfer restrictions contained in the
Indenture and any applicable blue sky securities laws of any state of the United
States and (ii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with
the Securities Act. Upon consummation of the proposed Transfer in accordance
with the terms of the Indenture, the transferred beneficial interest or
Definitive Note shall no longer be subject to the restrictions on transfer
enumerated in the Private Placement Legend printed on the Restricted Global
Notes, on Restricted Definitive Notes and in the Indenture.

          (c) Check if Transfer is Pursuant to Other Exemption. (i) The Transfer
is being effected pursuant to and in compliance with an exemption from the
registration requirements of the Securities Act other than Rule 144, Rule 903 or
Rule 904 and in compliance with the transfer restrictions contained in the
Indenture and any applicable blue sky securities laws of any State of the United
States and (ii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with
the Securities Act. Upon consummation of the proposed Transfer in accordance
with the terms of the Indenture, the transferred beneficial interest or
Definitive Note shall not be subject to the restrictions on transfer enumerated
in the Private Placement Legend printed on the Restricted Global Notes or
Restricted Definitive Notes and in the Indenture.

     This certificate and the statements contained herein are made for your
benefit and the benefit of the Company.

                                    [Insert Name of Transferor]

                                    By:
                                    Name:
                                    Title:
Dated:

                       ANNEX A TO CERTIFICATE OF TRANSFER

1.   The Transferor owns and proposes to transfer the following:

                            [CHECK ONE OF (a) OR (b)]

     (a) [ ]   a beneficial interest in the:

          (i)   [ ]   144A Global Note (CUSIP ), or

          (ii)  [ ]   Regulation S Global Note (CUSIP ), or

          (iii) [ ]  a Restricted Definitive Note.

2.   After the Transfer the Transferee shall hold:

                                   [CHECK ONE]

     (a)  [ ]  a beneficial interest in the:

          (i)  [ ]  144A Global Note (CUSIP ), or

          (ii) [ ]  Regulation S Global Note (CUSIP ), or

          (iii)[ ]  Unrestricted Global Note (CUSIP ); or

     (b)  [ ]  a Restricted Definitive Note; or

     (c)  [ ]  an Unrestricted Definitive Note,

     in accordance with the terms of the Indenture.

<PAGE>
                                    EXHIBIT C

                         FORM OF CERTIFICATE OF EXCHANGE

Dobson Communications Corporation
14201 Wireless Way
Oklahoma City, Oklahoma  73134

Bank of Oklahoma, National Association
9520 North May, Suite 110
Oklahoma City, OK  73120

     Re: 8-7/8% Senior Notes due 2013 of Dobson Communications Corporation

                              (CUSIP______________)

     Reference is hereby made to the Indenture, dated as of September 26, 2003
(the "Indenture"), between Dobson Communications Corporation, as issuer (the
"Company"), and Bank of Oklahoma, National Association, as Trustee. Capitalized
terms used but not defined herein shall have the meanings given to them in the
Indenture.

     ____________, (the "Owner") owns and proposes to exchange the Note[s] or
interest in such Note[s] specified herein, in the principal amount of
$____________ in such Note[s] or interests (the "Exchange"). In connection with
the Exchange, the Owner hereby certifies that:

     1. Exchange of Restricted Definitive Notes or Beneficial Interests in a
Restricted Global Note for Unrestricted Definitive Notes or Beneficial Interests
in an Unrestricted Global Note

          (a) [ ]  Check if Exchange is from beneficial interest in a Restricted
Global Note to beneficial interest in an Unrestricted Global Note. In connection
with the Exchange of the Owner's beneficial interest in a Restricted Global Note
for a beneficial interest in an Unrestricted Global Note in an equal principal
amount, the Owner hereby certifies (i) the beneficial interest is being acquired
for the Owner's own account without transfer, (ii) such Exchange has been
effected in compliance with the transfer restrictions applicable to the Global
Notes and pursuant to and in accordance with the United States Securities Act of
1933 (the "Securities Act"), (iii) the restrictions on transfer contained in the
Indenture and the Private Placement Legend are not required in order to maintain
compliance with the Securities Act and (iv) the beneficial interest in an
Unrestricted Global Note is being acquired in compliance with any applicable
blue sky securities laws of any state of the United States.

          (b) [ ]  Check if Exchange is from beneficial interest in a Restricted
Global Note to Unrestricted Definitive Note. In connection with the Exchange of
the Owner's beneficial interest in a Restricted Global Note for an Unrestricted
Definitive Note, the Owner hereby certifies (i) the Definitive Note is being
acquired for the Owner's own account without transfer, (ii) such Exchange has
been effected in compliance with the transfer restrictions applicable to the
Restricted Global Notes and pursuant to and in accordance with the Securities
Act, (iii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with
the Securities Act and (iv) the Definitive Note is being acquired in compliance
with any applicable blue sky securities laws of any state of the United States.

          (c) [ ] Check if Exchange is from Restricted Definitive Note to
beneficial interest in an Unrestricted Global Note. In connection with the
Owner's Exchange of a Restricted Definitive Note for a beneficial interest in an
Unrestricted Global Note, the Owner hereby certifies (i) the beneficial interest
is being acquired for the Owner's own account without transfer, (ii) such
Exchange has been effected in compliance with the transfer restrictions
applicable to Restricted Definitive Notes and pursuant to and in accordance with
the Securities Act, (iii) the restrictions on transfer contained in the
Indenture and the Private Placement Legend are not required in order to maintain
compliance with the Securities Act and (iv) the beneficial interest is being
acquired in compliance with any applicable blue sky securities laws of any state
of the United States.

          (d) [ ] Check if Exchange is from Restricted Definitive Note to
Unrestricted Definitive Note. In connection with the Owner's Exchange of a
Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby
certifies (i) the Unrestricted Definitive Note is being acquired for the Owner's
own account without transfer, (ii) such Exchange has been effected in compliance
with the transfer restrictions applicable to Restricted Definitive Notes and
pursuant to and in accordance with the Securities Act, (iii) the restrictions on
transfer contained in the Indenture and the Private Placement Legend are not
required in order to maintain compliance with the Securities Act and (iv) the
Unrestricted Definitive Note is being acquired in compliance with any applicable
blue sky securities laws of any state of the United States.

     2. Exchange of Restricted Definitive Notes or Beneficial Interests in
Restricted Global Notes for Restricted Definitive Notes or Beneficial Interests
in Restricted Global Notes

          (a) [ ]  Check if Exchange is from beneficial interest in a Restricted
Global Note to Restricted Definitive Note. In connection with the Exchange of
the Owner's beneficial interest in a Restricted Global Note for a Restricted
Definitive Note with an equal principal amount, the Owner hereby certifies that
the Restricted Definitive Note is being acquired for the Owner's own account
without transfer. Upon consummation of the proposed Exchange in accordance with
the terms of the Indenture, the Restricted Definitive Note issued shall continue
to be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the Restricted Definitive Note and in the Indenture
and the Securities Act.

          (b) [ ] Check if Exchange is from Restricted Definitive Note to
beneficial interest in a Restricted Global Note. In connection with the Exchange
of the Owner's Restricted Definitive Note for a beneficial interest in the
[CHECK ONE]:

                     [ ]      144A Global Note,

                     [ ]      Regulation S Global Note,

          with an equal principal amount, the Owner hereby certifies (i) the
beneficial interest is being acquired for the Owner's own account without
transfer and (ii) such Exchange has been effected in compliance with the
transfer restrictions applicable to the Restricted Global Notes and pursuant to
and in accordance with the Securities Act, and in compliance with any applicable
blue sky securities laws of any state of the United States. Upon consummation of
the proposed Exchange in accordance with the terms of the Indenture, the
beneficial interest issued shall be subject to the restrictions on transfer
enumerated in the Private Placement Legend printed on the relevant Restricted
Global Note and in the Indenture and the Securities Act.

<PAGE>

          This certificate and the statements contained herein are made for your
benefit and the benefit of the Company.

                                   -----------------------------------
                                   [Insert Name of Owner]

                                   By: _______________________________
                                       Name:
                                       Title:

Dated: ________________, ____

<PAGE>
                                    EXHIBIT D

                            FORM OF CERTIFICATE FROM
                   ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR

Dobson Communications Corporation
14201 Wireless Way
Oklahoma City, Oklahoma  73134

Bank of Oklahoma, National Association
9520 North May, Suite 110
Oklahoma City, OK  73120

     Re: 8-7/8% Senior Notes due 2013

     Reference is hereby made to the Indenture, dated as of September 26, 2003
(the "Indenture"), by and between Dobson Communications Corporation as issuer
(the "Company"), and Bank of Oklahoma, National Association, as Trustee.
Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture.

     In connection with our proposed purchase of $____________ aggregate
principal amount of:

                  (a) [ ]  a beneficial interest in a Global Note, or

                  (b) [ ]  a Definitive Note,

     we confirm that:

          1. We understand that any subsequent transfer of the Notes or any
interest therein is subject to certain restrictions and conditions set forth in
the Indenture and the undersigned agrees to be bound by, and not to resell,
pledge or otherwise transfer the Notes or any interest therein except in
compliance with, such restrictions and conditions and the United States
Securities Act of 1933, as amended (the "Securities Act").

          2. We understand that the offer and sale of the Notes have not been
registered under the Securities Act, and that the Notes and any interest therein
may not be offered or sold except as permitted in the following sentence. We
agree, on our own behalf and on behalf of any accounts for which we are acting
as hereinafter stated, that if we should sell the Notes or any interest therein,
we will do so only (A) to the Company or any subsidiary thereof, (B) in
accordance with Rule 144A under the Securities Act to a "qualified institutional
buyer" (as defined therein), (C) to an institutional "accredited investor" (as
defined below) that, prior to such transfer, furnishes (or has furnished on its
behalf by a U.S. broker-dealer) to you and to the Company a signed letter
substantially in the form of this letter, (D) outside the United States in
accordance with Rule 904 of Regulation S under the Securities Act, (E) pursuant
to the provisions of Rule 144(k) under the Securities Act or (F) pursuant to an
effective registration statement under the Securities Act, and we further agree
to provide to any Person purchasing the Definitive Note or beneficial interest
in a Global Note from us in a transaction meeting the requirements of clauses
(A) through (E) of this paragraph a notice advising such purchaser that resales
thereof are restricted as stated herein.

          3. We understand that, on any proposed resale of the Notes or
beneficial interest therein, we will be required to furnish to you and the
Company such certifications, legal opinions and other information as you and the
Company may reasonably require to confirm that the proposed sale complies with
the foregoing restrictions. We further understand that the Notes purchased by us
will bear a legend to the foregoing effect.

          4. We are an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have
such knowledge and experience in financial and business matters as to be capable
of evaluating the merits and risks of our investment in the Notes, and we and
any accounts for which we are acting are each able to bear the economic risk of
our or its investment.

          5. We are acquiring the Notes or beneficial interest therein purchased
by us for our own account or for one or more accounts (each of which is an
institutional "accredited investor") as to each of which we exercise sole
investment discretion.

     You and the Company are entitled to rely upon this letter and are
irrevocably authorized to produce this letter or a copy hereof to any interested
party in any administrative or legal proceedings or official inquiry with
respect to the matters covered hereby.

                                   [Insert Name of Accredited Investor]

                                    By:
                                    Name:
                                    Title:
Dated:

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