Document:

EX-10.11

 Exhibit 10.11 

MANAGEMENT AGREEMENT 

This MANAGEMENT AGREEMENT (as the same may be amended, modified, and supplemented from time to time, this
“Agreement”), dated as of March 27, 2015 (the “Effective Date”), is by and among the Persons identified on Schedule 1 hereto as Verizon Contributors (collectively, “Verizon
Contributors” and each, a “Verizon Contributor”), the Persons identified on Schedule 2 hereto as Verizon Lessors (collectively, “Verizon Lessors” and each, a “Verizon
Lessor”), and ATC Sequoia LLC, a Delaware limited liability company (“Tower Operator” or “Manager”). Capitalized terms used and not defined herein have the meanings set forth in the Master
Agreement (as defined below). The rules of construction set forth in Section 1.2 of the Master Agreement shall apply to this Agreement, mutatis mutandis. Verizon Contributors, Verizon Lessors and Tower
Operator are sometimes referred to in this Agreement as a “Party” and collectively as the “Parties”.  

RECITALS 

A. Tower Operator, Verizon Communications Inc., a Delaware corporation, the Sale Site Subsidiaries, American Tower Corporation,
a Delaware corporation, and the Verizon Lessors are parties to that certain Master Agreement, dated as of February 5, 2015 (as amended, modified and supplemented from time to time, the “Master Agreement”). 

 B. As a condition to, and simultaneously with the Initial Closing under the Master Agreement, the Parties are entering into this
Agreement, pursuant to which: 
 1. With respect to each Conditional Site, each applicable Verizon Lessor shall retain its
right, title and interest in, to and under such Conditional Site in accordance with and subject to the terms of the Master Agreement, and Tower Operator shall manage and operate the Included Property of such Conditional Site pursuant to the terms of
this Agreement. As of the Effective Date, the Conditional Sites subject to this Agreement are set forth in Exhibit A-1 hereto. 

2. With respect to each Pre-Lease Site, the applicable Verizon Lessor shall retain its right, title and interest in, to and
under such Pre-Lease Site in accordance with and subject to the terms of the Master Agreement, and Tower Operator shall manage and operate the Included Property of such Pre-Lease Site pursuant to the terms of this Agreement. As of the Effective
Date, the Pre-Lease Sites subject to this Agreement are set forth in Exhibit A-2 hereto. 
 3. With respect to each
Non-Assignable Site, each applicable Verizon Contributor shall retain its right, title and interest in, to and under such Non-Assignable Site in accordance with and subject to the terms of the Master Agreement, and Tower Operator shall manage and
operate the Included Property of such Non-Assignable Site pursuant to the terms of this Agreement. As of the Effective Date, the Non-Assignable Sites subject to this Agreement are set forth in Exhibit A-3 hereto. 

4. The Conditional Sites and the Pre-Lease Sites are collectively referred to herein as the “Managed MPL
Sites”. The Non-Assignable Sites are referred to herein as 

 
the “Managed Sale Sites” and, together with the Managed MPL Sites, are collectively referred to as the “Managed Sites”. 

AGREEMENT 
 In
consideration of the foregoing and the representations, warranties, and agreements contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally
bound by this Agreement, the Parties agree as follows: 
  

	Section 1.	Appointment and Acceptance. 

 Subject to the terms and conditions of this Agreement,
(a) each applicable Verizon Contributor and Verizon Lessor hereby appoints Manager, and Manager hereby agrees to act and shall act, as the exclusive operator during the MPL Site Term (as defined below) of the Included Property of each Managed
MPL Site held by such Verizon Contributor or Verizon Lessor, and (b) each applicable Verizon Contributor hereby appoints Manager, and Manager hereby agrees to act and shall act, as the exclusive operator during the Sale Site Term (as defined
below) of the Included Property of each Managed Sale Site held by such Verizon Contributor. No fee title, leasehold, subleasehold or other real property interest in a Managed Site is granted pursuant to this Agreement in the Included Property of any
Managed Site. In performing its duties as operator of the Included Property of the Managed MPL Sites, Manager shall manage, administer and operate each of the Managed MPL Sites, subject to the provisions of this Agreement, in a manner consistent
with and not less than the standards Tower Operator uses to manage, administer and operate the Lease Sites under the terms of the MPL. Manager shall be entitled to and vested with all the rights, powers and privileges of the applicable Verizon
Contributor with respect to the management, administration and operation of the Included Property of the Managed Sale Sites as if Manager had such rights, powers and privileges of the applicable Verizon Contributor with respect to the management,
administration and operation of the Included Property of the Managed Sale Sites, including the right to review, negotiate and execute extensions, renewals, amendments or waivers of any existing collocation agreements, ground leases, subleases,
easements, licenses or other similar or related agreements or new collocation agreements, ground leases, subleases, easements, licenses or similar or related other agreements. Except as expressly provided herein, in the MPL or MLAs, no Verizon
Contributor or Verizon Lessor shall exercise any rights or take any actions with respect to the operation, maintenance, leasing or licensing of the Included Property of any Managed Sites, all such rights being exclusively reserved to Manager
hereunder. 
  

	Section 2.	Collocation Agreements for Managed Sites. 

 (a) In respect of the Included Property of
each Managed Site, the applicable Verizon Contributor and each Verizon Lessor does hereby (on its behalf and on behalf of any Affiliate thereof that is a party thereto) delegate all of its respective rights, duties, obligations and responsibilities
under the Collocation Agreements to Manager for the MPL Site Term or Sale Site Term, as applicable, as to such Included Property for periods occurring from and after the Effective Date, subject to, with respect to Managed MPL Sites,
Section 6(h) of the MPL, and, with respect to the Managed Sale Sites, Section 8(f) of the Sale Site MLA, and shall execute all 

  
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documentation reasonably requested and prepared by Manager to confirm same to a counterparty under a Collocation Agreement, at Manager’s cost and expense within 15 Business Days of receipt
of a request therefor from Manager; provided, however, that, if such Verizon Contributor or Verizon Lessor reasonably determines it to be unduly burdensome, such Verizon Contributor or Verizon Lessor shall not be required to obtain any new board
resolutions from any Person that is a corporation or similar resolutions or approvals from any Person that is a limited liability company, partnership, trust or other legal entity. In accordance with and subject to the provisions of, with respect to
the Managed MPL Sites, Section 2(d) and Section 6 of the MPL and, with respect to the Managed Sale Sites, Section 2(f) and Section 8 of the Sale Site MLA, Manager may enter into waivers, amendments, extensions, restatements,
renewals and any other documentation relating to any Collocation Agreements, to the extent they apply to the Managed Sites, or enter into new collocation agreements (including site supplements or site subleases) applicable to the Managed Sites. Each
Verizon Contributor and Verizon Lessor hereby (i) assigns and delegates to Manager the sole and exclusive right to perform the obligations of and assert and exercise the rights of such Verizon Contributor or Verizon Lessor under all Collocation
Agreements during the MPL Site Term or Sale Site Term, as applicable, with respect to Managed Sites, subject to, in the case of the Managed MPL Sites, the provisions of Section 2(d) and Section 6 of the MPL, and, in the case of the Managed
Sale Sites, the provisions of Section 2(f) and Section 8 of the Sale Site MLA; provided, however, that no assignment or delegation made pursuant to this Section 2(a) shall infringe upon or otherwise limit any rights of any of the
Verizon Group (as defined in the MPL) under the MPL Site MLA or Sale Site MLA, as applicable, or any other agreement by which one or more Verizon Group Member (as defined in the MPL) occupies, or provides services to a Managed Site, and
(ii) grants Manager until the expiration of the MPL Site Term or Sale Site Term, as applicable, a limited power of attorney and hereby appoints Manager as its attorney-in-fact for the limited purpose of asserting and exercising the rights
expressly granted to such Verizon Contributor or Verizon Lessor under all Collocation Agreements during the MPL Site Term or Sale Site Term, as applicable. The rights assigned and delegated to Manager under this paragraph are subject to
Section 4(b)(iv) and Section 6(h) of the MPL and Section 8(f) of the Sale Site MLA. 
 (b) Manager does hereby assume and
agree to pay and perform all of the duties, obligations, liabilities and responsibilities of the Verizon Contributors and Verizon Lessors under the Collocation Agreements affecting each Managed Site arising during the MPL Site Term or the Sale Site
Term, as applicable, except as otherwise expressly provided in this Agreement or any Collateral Agreement, and Manager shall receive all revenue, rents, issues or profits payable under the Collocation Agreements accruing from and after the Effective
Date and all revenue, rents, issues or profits received with respect to such agreements on or prior to the Effective Date for or with respect to periods from and after the Effective Date. In the event any Verizon Group Member (as defined in the MPL)
receives Tower Subtenant (as defined in the MPL) rental payments for any Collocation Agreement relating to periods from or after the Effective Date, such Verizon Group Member will forward such payment (or issue payment in an amount equal thereto) to
Manager within 30 days of receipt of such rental payment. The expiration of this Agreement with respect to any Managed Site, whether by reason of conversion of such Managed Site to a Lease Site or Assignable Site or otherwise, shall not release
Manager of any obligations in respect of such Managed Site arising during the MPL Site Term or Sale Site Term, as applicable. 

  
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 (c) Manager shall be permitted to negotiate and enter into, amend or modify any new or
existing collocation agreements (including site supplements or site subleases) in its sole discretion, without the consent of any Verizon Contributor or Verizon Lessor; provided, however, in the case of any Managed MPL Sites, such collocation
agreements must comply with the requirements set forth in Section 2(d) of the MPL, and must contain the provisions set forth in Exhibit K to the MPL, mutatis mutandis, and, in the case of any Managed Sale Sites, such collocation
agreements must comply with the requirements set forth in Section 2(f) of the Sale Site MLA and must contain the provisions set forth in Exhibit Q to the Sale Site MLA, mutatis mutandis.  

 

	Section 3.	Rights and Duties of Parties. 

 (a) Parties’ Relative Rights and Obligations;
Right to Verizon Collocation Space. Except as otherwise expressly provided herein, the Parties hereby agree that: 
 (i)
Each Verizon Lessor’s agreements, rights and obligations with respect to the Included Property of each Conditional Site shall be the same, mutatis mutandis, as if such Site was a Lease Site under the MPL and (to the extent in full force
and effect with respect to such Site) the MPL Site MLA at the Initial Closing and such Verizon Lessor was a party to (A) the MPL as a Verizon Lessor (including, for the avoidance of doubt, all agreements with respect to and obligations under
Section 20 of the MPL) and (B) (to the extent in full force and effect with respect to such Site) the MPL Site MLA as a Verizon Collocator; 

(ii) Each Verizon Lessor’s agreements, rights and obligations with respect to the Included Property of each Pre-Lease Site
shall be the same, mutatis mutandis, as if such Site was a Lease Site under the MPL at the Initial Closing and such Verizon Lessor was a party to the MPL Site MLA (to the extent in full force and effect with respect to such Site) as a Verizon
Collocator; 
 (iii) Each Verizon Contributor’s agreements, rights and obligations with respect to the Included Property
of each Non-Assignable Site shall be the same, mutatis mutandis, as if such Site was an Assignable Site under the Master Agreement and (to the extent in full force and effect with respect to such Site) the Sale Site MLA at the Initial
Closing, and such Verizon Contributor was a party to (to the extent in full force and effect with respect to such Site) the Sale Site MLA as a Verizon Collocator; 

(iv) Manager’s agreements, rights and obligations with respect to the management of the Included Property of each Managed
MPL Site shall be the same, mutatis mutandis, as if each such Site was a Lease Site under the MPL and (to the extent in full force and effect with respect to such Site) the MPL Site MLA at the Initial Closing as the Tower Operator; 

(v) Manager’s agreements, rights and obligations with respect to the management of the Included Property of each Managed
Sale Site shall be the same, mutatis mutandis, as if such Site was an Assignable Site under the Master Agreement and (to the extent in full force and effect with respect to such Site) the Sale Site MLA at the

  
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Initial Closing as a Sale Site Subsidiary (including, for the avoidance of doubt, the right to manage, administer and operate the Managed Sale Sites as if Manager were the true owner of the
rights, powers and privileges of the applicable Verizon Contributor with respect to the management, administration and operation of the Included Property of the Managed Sale Sites); and 

(vi) Except as set forth in the disclosure schedules to the Master Agreement, each Verizon Lessor and each Verizon Contributor
covenants and agrees that it has not granted and it will not grant to any other Person any rights to use or operate the Included Property of the Managed Sites during the MPL Site Term or the Sale Site Term, as applicable, except for (A) rights
granted to parties pursuant to the Collocation Agreements, (B) existing rights of third parties granted under utility agreements, easements and similar agreements relating to the Managed Sites, (C) rights of Verizon Group Members to use or
operate the Included Property of the Managed Sites during the MPL Site Term or the Sale Site Term, (D) rights granted to Manager under the MPL, and (E) as otherwise permitted under the MPL, the MPL Site MLA or the Sale Site MLA. 

(b) Site Related Revenue and Expenses. As of the Initial Closing Date, prorations of receivables, payables, expenses, and revenue
relating to the use, occupancy and operation of the Included Property of the Managed Sites shall be governed by Section 2.8 of the Master Agreement. Subject to the foregoing, during the MPL Site Term or Sale Site Term, as applicable,
(i) Manager shall receive and shall be entitled to all of the revenue generated by the Included Property of each Managed Site that results from the Permitted Use (as defined in the MPL) of the Site (other than, with respect to Managed MPL
Sites, the Rent and Pre-Lease Rent as defined in, and payable under, the MPL, any Option Purchase Price (as defined in the MPL) and revenue generated by a Verizon Group Member pursuant to the provision of services described in Sections 9(b) or 19(d)
of the MPL Site MLA or Sections 9(b) or 19(d) of the Sale Site MLA), including all revenue under the Collocation Agreements accruing from and after the Effective Date and all revenue received under the Collocation Agreements on or prior to the
Effective Date for or with respect to periods from and after the Effective Date, and no Verizon Contributor or Verizon Lessor or any of their Affiliates shall be entitled to any of such revenue, and (ii) except as otherwise expressly provided
in this Agreement or any other Collateral Agreement, Manager shall be responsible for the payment of, and shall pay, all expenses due and accruing from and after the Effective Date and related to or associated with the Included Property of the
Managed Sites, whether ordinary or extraordinary, and whether foreseen or unforeseen, including all expenses due and accruing from and after the Effective Date under the Ground Leases and the Collocation Agreements. Except as may be expressly
provided otherwise in the Transition Services Agreement, if any such revenue to which Manager is entitled pursuant to the preceding sentence is paid to any Verizon Contributor, Verizon Lessor or its or their Affiliates, such Verizon Contributor,
Verizon Lessor or its or their Affiliate receiving such revenue shall remit such revenue to Manager within 30 days after receiving such revenue. Each Verizon Contributor and Verizon Lessor shall direct (or cause its Affiliate to direct), in writing,
(x) all payers of amounts due and accruing after the Effective Date under the Collocation Agreements to pay such amounts to Manager and (y) applicable third parties to collect from Manager all expenses due and accruing after the Effective
Date. For the avoidance of doubt, nothing in this Agreement gives Manager any right to receive revenues resulting from any Verizon Collocator permitted use, as set forth in Section 9(b) of the MPL Site MLA or Section 9(b) of the Sale Site
MLA. 

  
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 (c) The Verizon Contributors and Verizon Lessors, as applicable, shall pay, as and when due and
without duplication of any such payments made under the Master Agreement or any other Collateral Agreement, Verizon’s Share of Transaction Revenue Sharing Payments that are required to be made in respect of the payment contemplated by
Section 2.2(b) and Section 3.2 of the Master Agreement or the payment of rent contemplated by the MLAs or Pre-Lease Rent contemplated by the MPL, in each case with respect to all Managed Sites and subject to the terms and conditions of the
MLAs or MPL. Manager shall pay, or cause to be paid, as and when due and without duplication of any such payments made under the Master Agreement or any other Collateral Agreement, Tower Operator’s Share of Transaction Revenue Sharing Payments
that are required to be made in respect of the payment contemplated by Section 2.2(b) and Section 3.2 of the Master Agreement or the payment of rent contemplated by the MLAs or Pre-Lease Rent contemplated by the MPL, in each case with
respect to all Managed Sites. 
 (d) Responsibility for All Liabilities. Verizon Lessors and Verizon Contributors hereby assign and
delegate to Manager, and Manager hereby accepts and assumes, all Post-Closing Liabilities with respect to the Included Property of the Managed Sites. Manager does not accept or assume, and shall be deemed not to have accepted or assumed, any
Excluded Liabilities or any Pre-Closing Liabilities. Manager shall indemnify the Verizon Indemnified Parties with respect to the Post-Closing Liabilities as provided in Section 11.2(a) of the Master Agreement. This Section 3(d) shall
survive the termination or expiration of the MPL Site Term or Sale Site Term, as applicable. 
 (e) Power of Attorney. For so long as
the Included Property of a Managed MPL Site is subject to this Agreement, each Verizon Lessor hereby grants Manager, with respect to the Managed MPL Sites, a limited power of attorney and hereby appoints Manager as its attorney-in-fact for the
limited purpose of (i) preparing, reviewing, negotiating and executing on behalf of such Verizon Lessor all Authorized Ground Lease Documents (as defined in the MPL), all Authorized Collocation Agreement Documents (as defined in the MPL)
related to such Managed MPL Site and all other documents necessary to give effect to the intent of this Agreement or the MPL and the transactions contemplated by this Agreement, the Master Agreement and the other Collateral Agreements, but excluding
any Unauthorized Documents (as defined in the MPL) and (ii) preparing and submitting any applications or requests for Governmental Approvals, including with respect to Zoning Laws (as defined in the MPL), related to operating such Managed MPL
Site or to support the needs of a Tower Subtenant. For so long as the Included Property of a Managed Sale Site is subject to this Agreement, each Verizon Contributor hereby grants Manager, with respect to the Managed Sale Sites, a limited power of
attorney and hereby appoints Manager as its attorney in fact for the limited purpose of (A) preparing, reviewing, negotiating and executing on behalf of such Verizon Contributor all documents necessary to give effect to the intent of this
Agreement or the Master Agreement and the transactions contemplated by this Agreement, the Master Agreement and the other Collateral Agreements, but excluding any Unauthorized Documents (as defined in the MPL) and (B) preparing and submitting
any applications or requests for Governmental Approvals, including with respect to Zoning Laws, related to operating such Managed Sale Site or to support the needs of a Tower Subtenant. The power of attorney granted herein may be revoked and
terminated in accordance with Section 4(b)(iv) of the MPL. 

  
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 (i) Each Verizon Contributor and Verizon Lessor agrees to execute, from time to
time, such other documents and certificates (including a separate power of attorney in the form attached as Exhibit J to the MPL) as Manager may reasonably request to evidence the powers of attorney granted in this Section 3(e) and the
appointment of Manager as such Verizon Contributor’s or Verizon Lessor’s limited attorney-in-fact thereby. 
 (ii)
Within 10 Business Days of Manager’s request therefor, each Verizon Lessor and Verizon Contributor agrees to execute and deliver to Manager and/or such other parties designated by Manager, such reasonably required documents and instruments,
including, without limitation, affidavits, certifications, confirmations and or other agreements, to verify and confirm (if true) that any POA (as defined in the MPL) has not been revoked, rescinded, terminated, modified or amended and that such POA
is in full force and effect and/or to otherwise facilitate the negotiation, execution and delivery of the documents and agreements referenced and contemplated in the POA. 

(iii) Within 10 Business Days of a Verizon Group Member’s written request therefor, Manager hereby agrees and covenants to
execute and deliver to any such requesting Persons and/or other parties designated by such requesting Persons, any reasonably required documents and instruments, including, without limitation, affidavits, certifications, confirmations, and/or other
agreements, to verify and confirm (if true) the revocation or termination of any POA, if applicable. 
 (iv) Each Verizon
Contributor and Verizon Lessor agrees to execute and deliver, as promptly as reasonably practicable and in any event within 15 Business Days following request therefor by Manager, any other document referred to in this Section 3(e). Except as
expressly provided above in this Section 3(e) or otherwise in this Agreement or any other Collateral Agreement, Manager shall not be entitled to act as agent for, or otherwise on behalf of, any Verizon Contributor, Verizon Lessor or its or
their Affiliates under any circumstances or to bind any Verizon Contributor, Verizon Lessor or its or their Affiliates in any way whatsoever. 

(f) Filing of Financing Statements. Each Verizon Contributor and Verizon Lessor hereby irrevocably authorizes Manager or its designee
to file in any relevant jurisdiction, at any time and from time to time, (i) any UCC-1 financing statement, which shall be substantially in the form of Exhibit F to the MPL, and any amendments thereto, (ii) any memoranda of leases or
Managed Sites, which shall be substantially in the form of Exhibit G to the MPL and any amendments thereto, (iii) any memoranda of assignment, which shall be substantially in the form of Exhibit H to the MPL and any amendment thereto, in each
case, to the extent necessary to evidence, perfect or otherwise record Manager’s management interest in the Included Property of each Managed Site granted pursuant to this Agreement, the Master Agreement and the other Collateral Agreements.
Each Verizon Contributor and Verizon Lessor agrees, promptly upon request by Manager, to use commercially reasonable efforts to provide Manager with any information that is reasonably required or requested by Manager in connection with the filing of
any such financing statement or document. 

  
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 (g) Exercise of Purchase Option. Each Verizon Lessor, at its cost and expense, shall use
commercially reasonable efforts, beginning on the date that is six months prior to the applicable Purchase Option Closing Date (as defined in the MPL), to obtain any consent or waiver required to give effect to the sale of the Included Property of
each Managed MPL Site that is a Purchase Site (as defined in the MPL) upon the exercise of the Purchase Option (as defined in the MPL). In the event that any Verizon Lessor is unable to obtain any consent or waiver required to give effect to the
sale of the Included Property of any Managed MPL Site that is a Purchase Site by the applicable Purchase Option Closing Date, and the Included Property of such Managed MPL Site cannot be transferred without violating the terms of the applicable
Ground Lease, then, upon payment of the full Option Purchase Price (as defined in the MPL) on the applicable Purchase Option Closing Date (including with respect to such Managed MPL Site), the Verizon Lessors shall appoint Manager, in perpetuity, as
the exclusive operator of the Included Property of such Managed MPL Site. In furtherance of the foregoing, the Verizon Lessors and Manager shall enter into documentation (including applicable powers of attorney) that is reasonably acceptable to
Manager to provide for Manager’s management rights with respect to the Included Property of such Managed MPL Site, which documentation shall grant and confer to Manager all rights and privileges (including all rights to receive the revenue
derived from such Managed MPL Site and all rights and powers with respect to the operation, maintenance, leasing and licensing of such Managed MPL Site) granted or conferred to Manager pursuant to this Agreement in respect of a Managed MPL Site; but
shall otherwise treat Manager as if Manager was the owner of the Included Property of such Managed MPL Site and shall not impose on Manager any of the covenants or restrictions imposed upon it by this Agreement and the Collateral Agreements;
provided, however, that Tower Operator’s indemnification obligations undertaken pursuant to the MPL shall remain in full force and effect in accordance with the terms and conditions of the MPL and provided further, however, that all of Tower
Operator’s obligations, and all of the Verizon Parties’ rights shall continue to apply in full force and effect, mutatis mutandis, to each such Managed MPL Site as if such site was a Leased Site under the MPL Site MLA (to the extent
still in effect with respect to such Managed MPL Site). 
  

	Section 4.	Term of Agreement. 

 (a) Term for Managed MPL Sites. Subject to Section 3(g),
as to each Managed MPL Site, the term of this Agreement (the “MPL Site Term”) shall commence on the Effective Date and shall expire on the earlier of (i) the applicable Site Expiration Date (as defined in the MPL) for
such Site if such Site is not acquired by Tower Operator pursuant to the applicable Purchase Option or (ii) the applicable Subsequent Closing Date on which such Managed MPL Site is converted to a Lease Site pursuant to Section 2.5(b) of
the Master Agreement. Notwithstanding the foregoing, however, the MPL Site Term shall terminate upon any breach by Manager under the Master Agreement, the MPL or the applicable MPL Site MLA, and which has not been cured in accordance with the
provisions outlined in such agreements. Upon the expiration of the MPL Site Term with respect to any Managed MPL Site, such Managed MPL Site shall no longer be subject to the terms and conditions of this Agreement and shall be deemed to be deleted
from Exhibit A-1 or Exhibit A-2 hereto, as applicable. For the avoidance of doubt, pursuant to the provisions of Section 3(a) of this Agreement, the applicable Site Expiration Date for each Conditional Site shall be the date that would be the
Site Expiration Date for such Site if such Conditional Site was a Lease Site as of the Initial Closing Date. 

  
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 (b) Term for Managed Sale Sites. As to each Managed Sale Site, the term of this Agreement
(the “Sale Site Term”) shall commence on the Effective Date and shall expire on the applicable Subsequent Closing Date on which such Managed Sale Site is converted to an Assignable Site pursuant to Section 2.5(b) of the
Master Agreement. Upon the expiration of the Sale Site Term with respect to any Managed Sale Site, such Managed Sale Site shall no longer be subject to the terms and conditions of this Agreement and shall be deemed to be deleted from Exhibit A-3
hereto. 
  

	Section 5.	Certain Acknowledgements and Agreements. 

 (a) Each Verizon Lessor acknowledges that it
is party to the MPL as a “Verizon Lessor” thereunder. Each Verizon Contributor acknowledges and agrees that it is a “Verizon Ground Lease Party” under and for purposes of the MPL and, without limiting in any respect the duties of
such Verizon Contributor under Section 3(a), agrees to be bound by all provisions of the MPL applicable to the Verizon Ground Lease Parties with the same force and effect, and to the same extent, as if such Verizon Contributor were a party to
the MPL in such capacity. 
 (b) Manager acknowledges and agrees that it is the Tower Operator under and for purposes of the MPL, and,
without limiting in any respect the duties of the Manager under Section 3(a), agrees to be bound by all provisions of the MPL applicable to the Tower Operator with the same force and effect, and to the same extent, as if Manager were a party to
the MPL in such capacity. 
  

	Section 6.	Counterparts. 

 This Agreement may be executed in counterparts, each of which shall be
deemed to be an original, but all of which shall constitute one and the same agreement. 
  

	Section 7.	Governing Law. 

 This Agreement shall be governed by and construed in accordance with the
laws of the State of New York (including Section 5-1401 of the New York General Obligations Law) as to all matters, including matters of validity, construction, effect, performance and remedies. 

 

	Section 8.	Entire Agreement. 

 This Agreement, the Master Agreement, the MPL, MPL Site MLA, Sale
Site MLA, Verizon Disclosure Letter, the Acquiror Disclosure Letter and the other Collateral Agreements constitute the entire agreement among the Parties with respect to the subject matter of the Agreement, and supersede all other prior agreements,
understandings, representations and warranties both written and oral, among the Parties (or any of them) with respect to the subject matter hereof. This Agreement shall be binding upon and inure solely to the benefit of each Party and its successors
and permitted assigns. 
  

	Section 9.	Fees and Expenses. 

 Except as otherwise expressly set forth in this Agreement, whether
the transactions contemplated by this Agreement are or are not consummated, all legal and other costs and 

  
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expenses incurred in connection with this Agreement and the transactions contemplated by this Agreement shall be paid by the Party incurring such costs and expenses. 

 

	Section 10.	Notices. 

 All notices, requests, demands, waivers and other communications required or
permitted under this Agreement shall be in writing and shall be deemed to have been delivered (i) the next Business Day when sent overnight by a nationally recognized overnight courier service, (ii) upon transmission of an e-mail (followed
by delivery of an original via nationally recognized overnight courier service), or (iii) upon delivery when personally delivered to the receiving Party. All such notices and communications shall be sent or delivered as set forth on Schedule 10
attached hereto or to such other person(s), e-mail address or address(es) as the receiving Party may have designated by written notice to the other Party. All notices delivered by any Verizon Group Member shall be deemed to have been delivered on
behalf of all Verizon Group Members. All notices shall be delivered to the relevant Party at the address set forth on Schedule 10 attached hereto. 
  

	Section 11.	Amendment. 

 This Agreement may be amended, modified or supplemented only by written
agreement of the Parties. 
  

	Section 12.	Time of Essence. 

 Time is of the essence in this Agreement, and whenever a date or time
is set forth in this Agreement, the same has entered into and formed a part of the consideration for this Agreement. 
  

	Section 13.	Specific Performance. 

 Each Party recognizes and agrees that, in the event of any
failure or refusal by any Party to perform its obligations required by this Agreement, remedies at Law would be inadequate, and that in addition to such other remedies as may be available to it at Law, in equity or pursuant to this Agreement, each
Party may seek injunctive relief and may enforce its rights under, and the terms and provisions of, this Agreement by an action for specific performance to the extent permitted by applicable Law. Each Party hereby waives any requirement for security
or the posting of any bond or other surety in connection with any temporary or permanent award of injunctive, mandatory or other equitable relief. Subject to Section 15, nothing contained in this Agreement shall be construed as prohibiting any
Party from pursuing any other remedies available to it pursuant to the provisions of this Agreement or applicable Law for such breach or threatened breach, including the recovery of damages. 

 

	Section 14.	Jurisdiction. 

 Each Party agrees that it shall bring any action or
proceeding in respect of any claim arising out of or related to this Agreement or the transactions contained in or contemplated by this Agreement exclusively in the United States District Court for the Southern District of New York or any New York
State court sitting in the Borough of Manhattan, City of New York and appellate courts having jurisdiction of appeals from any of the foregoing (the “Chosen Courts”), 

  
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and solely in connection with claims arising under this Agreement or the transactions that are the subject of this Agreement, (a) irrevocably submits to the exclusive jurisdiction of the
Chosen Courts, (b) waives any objection to laying venue in any such action or proceeding in the Chosen Courts, (c) waives any objection that the Chosen Courts are an inconvenient forum or do not have jurisdiction over any Party hereto and
(d) agrees that service of process upon such Party in any such action or proceeding shall be effective if notice is given in accordance with Section 10 of this Agreement. 

 

	Section 15.	WAIVER OF JURY TRIAL. 

 EACH PARTY TO THIS AGREEMENT WAIVES ITS RIGHT TO A JURY TRIAL IN
ANY COURT ACTION ARISING AMONG ANY OF THE PARTIES HEREUNDER, WHETHER UNDER OR RELATING TO THIS AGREEMENT, AND WHETHER MADE BY CLAIM, COUNTER CLAIM, THIRD-PARTY CLAIM OR OTHERWISE. 

 

	Section 16.	Assignment. 

 (a) Except as provided pursuant to Section 13.6 of the Master
Agreement with respect to any Verizon Restructuring Transaction, no Verizon Lessor may assign, sell, convey, transfer, lease, sublease, license or otherwise dispose of this Agreement with respect to the Managed MPL Sites or any of its rights, duties
or obligations under this Agreement with respect to the Managed MPL Sites in whole or in part without the consent of Manager. Any attempted assignment without the required consent shall be null and void ab initio. Nothing herein shall affect or
impair the ability of any parent company of a Verizon Lessor to sell, convey, transfer, assign or otherwise dispose of its ownership interest in such Verizon Lessor to the extent expressly permitted by Section 18(c)(iv) of the MPL. 

(b) Except as provided pursuant to Section 13.6 of the Master Agreement with respect to any Verizon Restructuring Transaction, no Verizon
Lessor may assign, sell, convey, transfer, lease, sublease, license or otherwise dispose of this Agreement with respect to the Managed Sale Sites or any of its rights, duties or obligations under this Agreement with respect to the Managed Sale Sites
in whole or in part without the consent of Manager. Any attempted assignment without the required consent shall be null and void ab initio. 

(c) Manager may assign, sell, convey, transfer, lease, sublease, license or otherwise dispose of this Agreement with respect to the Managed
Sale Sites or any of its rights, duties or obligations under this Agreement with respect to the Managed Sale Sites in whole or in part without the consent of any Verizon Contributor or Verizon Lessor. 

(d) Manager may assign, sell, convey, transfer, lease, sublease, license or otherwise dispose of this Agreement with respect to the Managed
MPL Sites or any of its rights, duties or obligations under this Agreement with respect to the Managed MPL Sites in whole or in part to the same extent as if the Managed MPL Sites were Lease Sites under the MPL. 

To the extent a Party hereto has the right to and desires to exercise an assignment or other transfer under (a), (b) or (c) above,
the Parties hereby agree to bifurcate this Agreement as may be required to give effect to such assignment or other transfer. 

  
 -11- 

	Section 17.	Effect on Other Agreements. 

 Except as expressly provided in this Agreement, no
provision of this Agreement shall in any way modify the express provisions set forth in the Master Agreement, the MPL, the MPL Site MLA or the Sale Site MLA. For the avoidance of doubt, notwithstanding any other section of this Agreement or any
other Collateral Agreement, the provisions of Section 2.10 (Tax Matters) of the Master Agreement shall govern Tax matters with respect to the transactions contemplated by this Agreement and the other Collateral Agreements. If any provision in
any other section of this Agreement or any other Collateral Agreement conflicts with the provisions of Section 2.10 (Tax Matters) of the Master Agreement, the provisions of Section 2.10 (Tax Matters) of the Master Agreement shall control.

  

	Section 18.	Collateral Agreement. 

 The Parties acknowledge and agree that this Agreement constitutes
a Collateral Agreement for purposes of the Master Agreement. 
  

	Section 19.	Severability. 

 If any term or other provision of this Agreement is invalid, illegal or
incapable of being enforced by any rule of Law or public policy, the Parties hereto shall negotiate in good faith to modify this Agreement so as to (i) effect the original intent of the Parties as closely as possible and (ii) to ensure
that the economic and legal substance of the transactions contemplated by this Agreement to the Parties is not materially and adversely affected as a result of such provision being invalid, illegal or incapable of being enforced, in each case, in a
mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. If following the modification(s) to this Agreement described in the foregoing sentence, the
economic and legal substance of the transactions contemplated by this Agreement are not affected in any manner materially adverse to any Party, all other conditions and provisions of this Agreement shall remain in full force and effect. 

[Remainder of page intentionally left blank] 

  
 -12- 

 IN WITNESS WHEREOF, this Agreement has been signed by or on behalf of each of the Parties as of
the date first above written. 
  

			
	VERIZON CONTRIBUTORS:
		
	By:		 /s/ MATTHEW D. ELLIS

	Name:		Matthew D. Ellis
	Title:		Senior Vice President, Chief Financial Officer and Treasurer, on behalf of each of the Verizon Contributors in the capacity set forth on Schedule 1

  

			
	VERIZON LESSORS:
		
	By:		 /s/ MATTHEW D. ELLIS

	Name:		Matthew D. Ellis
	Title:		Senior Vice President, Chief Financial Officer and Treasurer, on behalf of each of the Verizon Lessors in the capacity set forth on Schedule 2

 [Signature Page to Management Agreement] 

 IN WITNESS WHEREOF, this Agreement has been signed by or on behalf of each of the Parties as of
the date first above written. 
  

			
	TOWER OPERATOR:
	
	ATC SEQUOIA LLC
		
	By:		 /s/ EDMUND DISANTO

	Name:		Edmund DiSanto
	Title:		Executive Vice President, General Counsel & Chief Administrative Officer

  
 [Signature Page to
Management Agreement] 

 Exhibit A-1 

Conditional Sites 

 Exhibit A-2 

Pre-Lease Sites 

 Exhibit A-3 

Non-Assignable Sites 

 Schedule 1 

Verizon Contributors 
  

									
	 VERIZON CONTRIBUTOR
	 	 	 	 CAPACITY OF
SIGNATORY

	Alltel Central Arkansas Cellular Limited Partnership	 		 	Alltel Central Arkansas Cellular Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Communications of Nebraska LLC	 		 	Alltel Communications of Nebraska LLC
				
		 		 	By:	 	Alltel Communications, LLC, Its Sole Member
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Communications of Saginaw MSA Limited Partnership	 		 	Alltel Communications of Saginaw MSA Limited Partnership
				
		 		 	By:	 	Alltel Communications Wireless, Inc., Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Communications Wireless, Inc.	 		 	Alltel Communications Wireless, Inc.
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Communications, LLC	 		 	Alltel Communications, LLC
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 1 

											
	 VERIZON CONTRIBUTOR
	 	 	 	 CAPACITY OF
SIGNATORY

	Cellco Partnership	 		 	Cellco Partnership
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Cellular Inc. Network Corporation	 		 	Cellular Inc. Network Corporation
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	GTE Mobilnet of California Limited Partnership	 		 	GTE Mobilnet of California Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Idaho 6-Clark Limited Partnership	 		 	Idaho 6-Clark Limited Partnership
				
		 		 	By:	 	Teton Cellular of Idaho Limited Partnership, Its General Partner
					
		 		 		 	By:	 	Teton Cellular, Inc., Its General Partner
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Los Angeles SMSA Limited Partnership	 		 	Los Angeles SMSA Limited Partnership
				
		 		 	By:	 	AirTouch Cellular, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 1 

									
	 VERIZON CONTRIBUTOR
	 	 	 	 CAPACITY OF
SIGNATORY

	New Par	 		 	 New Par

				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its Managing General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	New York SMSA Limited Partnership	 		 	New York SMSA Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Northeast Pennsylvania SMSA Limited Partnership	 		 	Northeast Pennsylvania SMSA Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Omaha Cellular Telephone Company	 		 	Omaha Cellular Telephone Company
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Portland Cellular Partnership	 		 	Portland Cellular Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 1 

									
	 VERIZON CONTRIBUTOR
	 	 	 	 CAPACITY OF
SIGNATORY

	Sacramento-Valley Limited Partnership	 		 	Sacramento-Valley Limited Partnership
				
		 		 	By:	 	AirTouch Cellular, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Seattle SMSA Limited Partnership	 		 	Seattle SMSA Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Verizon Wireless (VAW) LLC	 		 	Verizon Wireless (VAW) LLC
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Verizon Wireless of the East LP	 		 	Verizon Wireless of the East LP
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Verizon Wireless Personal Communications LP	 		 	Verizon Wireless Personal Communications LP
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 1 

 Schedule 2 

Verizon Lessors 
  

									
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Allentown SMSA Limited Partnership	 		 	Allentown SMSA Limited Partnership
				
		 		 	By:	 	Bell Atlantic Mobile Systems of Allentown, Inc., Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Central Arkansas Cellular Limited Partnership	 		 	Alltel Central Arkansas Cellular Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Communications of Arkansas RSA #12 Cellular Limited Partnership	 		 	Alltel Communications of Arkansas RSA #12 Cellular Limited Partnership
				
		 		 	By:	 	Alltel Communications Wireless, Inc., Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Communications of LaCrosse Limited Partnership	 		 	Alltel Communications of LaCrosse Limited Partnership
				
		 		 	By:	 	Alltel Communications Wireless of Louisiana, Inc., Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

									
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Alltel Communications of Mississippi RSA #2, Inc.	 		 	Alltel Communications of Mississippi RSA #2, Inc.
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Communications of North Carolina Limited Partnership	 		 	Alltel Communications of North Carolina Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Communications of Nebraska LLC	 		 	Alltel Communications of Nebraska LLC
				
		 		 	By:	 	Alltel Communications, LLC, Its Sole Member
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Communications of Saginaw MSA Limited Partnership	 		 	Alltel Communications of Saginaw MSA Limited Partnership
				
		 		 	By:	 	Alltel Communications Wireless, Inc., Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Communications Southwest Holdings, Inc.	 		 	Alltel Communications Southwest Holdings, Inc.
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Communications Wireless of Louisiana, Inc.	 		 	Alltel Communications Wireless of Louisiana, Inc.
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

									
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Alltel Communications Wireless, Inc.	 		 	Alltel Communications Wireless, Inc.
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Communications, LLC	 		 	Alltel Communications, LLC
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Alltel Northern Arkansas RSA Limited Partnership	 		 	Alltel Northern Arkansas RSA Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Anderson CellTelCo	 		 	Anderson CellTelCo
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Athens Cellular, Inc.	 		 	 Athens Cellular, Inc.

				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Bell Atlantic Mobile of Massachusetts Corporation, Ltd.	 		 	Bell Atlantic Mobile of Massachusetts Corporation, Ltd.
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

													
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Bell Atlantic Mobile of Rochester, L.P.	 		 	Bell Atlantic Mobile of Rochester, L.P.
				
		 		 	By:	 	Upstate Cellular Network, Its General Partner
					
		 		 		 	By:	 	Cellco Partnership, Its General Partner
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Binghamton MSA Limited Partnership	 		 	Binghamton MSA Limited Partnership
				
		 		 	By:	 	NYNEX Mobile of New York Limited Partnership
					
		 		 		 	By:	 	Upstate Cellular Network, Its General Partner
						
		 		 		 		 	By:	 	Cellco Partnership, Its General Partner
							
		 		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Bismarck MSA Limited Partnership	 		 	Bismarck MSA Limited Partnership
				
		 		 	By:	 	Cellular Inc. Network Corporation, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	California RSA No. 4 Limited Partnership	 		 	California RSA No. 4 Limited Partnership
				
		 		 	By:	 	Pinnacles Cellular, Inc., Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

											
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	California RSA No. 3 Limited Partnership	 		 	California RSA No. 3 Limited Partnership
				
		 		 	By:	 	Pinnacles Cellular, LLC, Its General partner
					
		 		 		 	By:	 	Pinnacles Cellular, Inc., Its Sole Member
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Cellco Partnership	 		 	Cellco Partnership
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Cellular Inc. Network Corporation	 		 	Cellular Inc. Network Corporation
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Charleston-North Charleston MSA Limited Partnership	 		 	Charleston-North Charleston MSA Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Chicago SMSA Limited Partnership	 		 	Chicago SMSA Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

											
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Colorado 7-Saguache Limited Partnership	 		 	Colorado 7-Saguache Limited Partnership d/b/a Verizon Wireless
				
		 		 	By:	 	Sand Dunes Cellular of Colorado Limited Partnership, its General Partner
					
		 		 		 	By:	 	CommNet Cellular, Inc., Its Managing Agent
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Colorado RSA No. 3 Limited Partnership	 		 	Colorado RSA No. 3 Limited Partnership
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Dallas MTA, L.P.	 		 	Dallas MTA, L.P.
				
		 		 	By:	 	Verizon Wireless Texas, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Duluth MSA Limited Partnership	 		 	Duluth MSA Limited Partnership
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

											
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Fayetteville MSA Limited Partnership	 		 	Fayetteville MSA Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Fresno MSA Limited Partnership	 		 	Fresno MSA Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Gadsden CellTelCo Partnership	 		 	Gadsden CellTelCo Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Gila River Cellular General Partnership	 		 	Gila River Cellular General Partnership
				
		 		 	By:	 	Cellco Partnership, Its Managing General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Gold Creek Cellular of Montana Limited Partnership	 		 	Gold Creek Cellular of Montana Limited Partnership
				
		 		 	By:	 	Cellular Inc. Network Corporation, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

									
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	GTE Mobilnet of California Limited Partnership	 		 	GTE Mobilnet of California Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	GTE Mobilnet of Fort Wayne Limited Partnership	 		 	GTE Mobilnet of Fort Wayne Limited Partnership
				
		 		 	By:	 	GTE Wireless of the Midwest Incorporated, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	GTE Mobilnet of Indiana Limited Partnership	 		 	GTE Mobilnet of Indiana Limited Partnership
				
		 		 	By:	 	GTE Wireless of the Midwest Incorporated, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	GTE Mobilnet of Santa Barbara Limited Partnership	 		 	GTE Mobilnet of Santa Barbara Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

											
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	GTE Mobilnet of South Texas Limited Partnership	 		 	GTE Mobilnet of South Texas Limited Partnership
				
		 		 	By:	 	San Antonio MTA, L.P., Its General Partner
					
		 		 		 	By:	 	Verizon Wireless Texas, LLC, Its General Partner
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	GTE Mobilnet of Terre Haute Limited Partnership	 		 	GTE Mobilnet of Terre Haute Limited Partnership
				
		 		 	By:	 	GTE Wireless of the Midwest Incorporated, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	GTE Mobilnet of Texas RSA #17 Limited Partnership	 		 	GTE Mobilnet of Texas RSA #17 Limited Partnership
				
		 		 	By:	 	San Antonio MTA, L.P., Its General Partner
					
		 		 		 	By:	 	Verizon Wireless Texas, LLC, Its General Partner
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	GTE Mobilnet of Florence, Alabama Incorporated	 		 	GTE Mobilnet of Florence, Alabama Incorporated
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

											
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Idaho 6-Clark Limited Partnership	 		 	Idaho 6-Clark Limited Partnership
				
		 		 	By:	 	Teton Cellular of Idaho Limited Partnership, Its General Partner
					
		 		 		 	By:	 	Teton Cellular, Inc., Its General Partner
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Idaho RSA No. 2 Limited Partnership	 		 	Idaho RSA No. 2 Limited Partnership
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Idaho RSA 3 Limited Partnership	 		 	Idaho RSA 3 Limited Partnership
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Illinois RSA 1 Limited Partnership	 		 	Illinois RSA 1 Limited Partnership
				
		 		 	By:	 	GTE Wireless of the Midwest Incorporated, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

											
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Illinois RSA 6 and 7 Limited Partnership	 		 	Illinois RSA 6 and 7 Limited Partnership
				
		 		 	By:	 	Illinois SMSA Limited Partnership, Its General Partner
					
		 		 		 	By:	 	Cellco Partnership, Its General Partner
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Illinois SMSA Limited Partnership	 		 	Illinois SMSA Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Indiana RSA 2 Limited Partnership	 		 	Indiana RSA 2 Limited Partnership
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Jackson Cellular Telephone Co., Inc.	 		 	Jackson Cellular Telephone Co., Inc.
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Kentucky RSA No. 1 Partnership	 		 	Kentucky RSA No. 1 Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

									
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Los Angeles SMSA Limited Partnership	 		 	Los Angeles SMSA Limited Partnership
				
		 		 	By:	 	AirTouch Cellular, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Michigan RSA #9 Limited Partnership	 		 	Michigan RSA #9 Limited Partnership
				
		 		 	By:	 	Alltel Communications Wireless, Inc., Managing General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Missouri RSA #15 Limited Partnership	 		 	Missouri RSA #15 Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Missouri RSA 2 Limited Partnership	 		 	Missouri RSA 2 Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Missouri RSA 4 Limited Partnership	 		 	Missouri RSA 4 Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its Managing General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

									
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Modoc RSA Limited Partnership	 		 	Modoc RSA Limited Partnership
				
		 		 	By:	 	AirTouch Cellular, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Muskegon Cellular Partnership	 		 	Muskegon Cellular Partnership
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its Managing Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	North Central RSA 2 of North Dakota Limited Partnership	 		 	North Central RSA 2 of North Dakota Limited Partnership
				
		 		 	By:	 	CommNet Cellular, Inc., Its Managing Agent
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	New Hampshire RSA 2 Partnership	 		 	New Hampshire RSA 2 Partnership
				
		 		 	By:	 	Cellco Partnership, Its Managing General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	New Mexico RSA 3 Limited Partnership	 		 	New Mexico RSA 3 Limited Partnership
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

											
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	New Mexico RSA 6-I Partnership	 		 	New Mexico RSA 6-I Partnership
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	New Par	 		 	New Par
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its Managing General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	New York RSA No. 3 Cellular Partnership	 		 	New York RSA No. 3 Cellular Partnership
				
		 		 	By:	 	Upstate Cellular Network, Its General Partner
					
		 		 		 	By:	 	Cellco Partnership, Its General Partner
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	New York SMSA Limited Partnership	 		 	New York SMSA Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

									
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	North Dakota RSA No. 3 Limited Partnership	 		 	North Dakota RSA No. 3 Limited Partnership
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Northeast Pennsylvania SMSA Limited Partnership	 		 	Northeast Pennsylvania SMSA Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Northern New Mexico Limited Partnership	 		 	Northern New Mexico Limited Partnership
				
		 		 	By:	 	Cellular Inc. Network Corporation, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Northwest Arkansas RSA Limited Partnership	 		 	Northwest Arkansas RSA Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Northwest Dakota Cellular of North Dakota Limited Partnership	 		 	Northwest Dakota Cellular of North Dakota Limited Partnership d/b/a Verizon Wireless
				
		 		 	By:	 	CommNet Cellular, Inc., Its Managing Agent
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

											
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	NYNEX Mobile Limited Partnership 1	 		 	NYNEX Mobile Limited Partnership 1
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	NYNEX Mobile of New York, L.P.	 		 	NYNEX Mobile of New York, L.P.
				
		 		 	By:	 	Upstate Cellular Network, Its General Partner
					
		 		 		 	By:	 	Cellco Partnership, Its General Partner
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Omaha Cellular Telephone Company	 		 	Omaha Cellular Telephone Company
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Orange County-Poughkeepsie Limited Partnership	 		 	Orange County-Poughkeepsie Limited Partnership
				
		 		 	By:	 	Verizon Wireless of the East LP, Its General Partner
					
		 		 		 	By:	 	Cellco Partnership, Its General Partner
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

													
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Pennsylvania RSA 1 Limited Partnership	 		 	Pennsylvania RSA 1 Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Pennsylvania 3 Sector 2 Limited Partnership	 		 	Pennsylvania 3 Sector 2 Limited Partnership
				
		 		 	By:	 	NYNEX Mobile of New York, L.P., Its General Partner
					
		 		 		 	By:	 	Upstate Cellular Network, Its General Partner
						
		 		 		 		 	By:	 	Cellco Partnership, Its General Partner
							
		 		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Pennsylvania 4 Sector 2 Limited Partnership	 		 	Pennsylvania 4 Sector 2 Limited Partnership
				
		 		 	By:	 	NYNEX Mobile of New York, L.P., Its General Partner
					
		 		 		 	By:	 	Upstate Cellular Network, Its General Partner
						
		 		 		 		 	By:	 	Cellco Partnership, Its General Partner
							
		 		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Pennsylvania RSA No. 6 (II) Limited Partnership	 		 	Pennsylvania RSA No. 6 (II) Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

											
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Pittsfield Cellular Telephone Company	 		 	Pittsfield Cellular Telephone Company
				
		 		 	By:	 	Cellco Partnership, Its Managing General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Portland Cellular Partnership	 		 	Portland Cellular Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Redding MSA Limited Partnership	 		 	Redding MSA Limited Partnership
				
		 		 	By:	 	Sacramento-Valley Limited Partnership, Its General Partner
					
		 		 		 	By:	 	AirTouch Cellular, Its General Partner
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Rockford MSA Limited Partnership	 		 	Rockford MSA Limited Partnership
				
		 		 	By:	 	GTE Wireless of the Midwest Incorporated, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

									
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	RSA 7 Limited Partnership	 		 	RSA 7 Limited Partnership
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Rural Cellular Corporation	 		 	Rural Cellular Corporation
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Sacramento-Valley Limited Partnership	 		 	Sacramento-Valley Limited Partnership
				
		 		 	By:	 	AirTouch Cellular, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	San Antonio MTA, L.P.	 		 	San Antonio MTA, L.P.
				
		 		 	By:	 	Verizon Wireless Texas, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Seattle SMSA Limited Partnership	 		 	Seattle SMSA Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

											
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Sioux City MSA Limited Partnership	 		 	Sioux City MSA Limited Partnership
				
		 		 	By:	 	Cellular Inc. Network Corporation, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Southern Indiana RSA Limited Partnership	 		 	Southern Indiana RSA Limited Partnership
				
		 		 	By:	 	GTE Wireless of the Midwest Incorporated, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Southwestco Wireless, L.P.	 		 	Southwestco Wireless, L.P.
				
		 		 	By:	 	Southwestco Wireless, Inc., Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Syracuse SMSA Limited Partnership	 		 	Syracuse SMSA Limited Partnership
				
		 		 	By:	 	Upstate Cellular Network, Its General Partner
					
		 		 		 	By:	 	Cellco Partnership, Its General Partner
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

									
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Texas RSA 7B2 Limited Partnership	 		 	Texas RSA 7B2 Limited Partnership d/b/a Verizon Wireless
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Texas RSA #11B Limited Partnership	 		 	Texas RSA #11B Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Topeka Cellular Telephone Company, Inc.	 		 	Topeka Cellular Telephone Company, Inc.
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Tuscaloosa Cellular Partnership	 		 	Tuscaloosa Cellular Partnership
				
		 		 	By:	 	Cellco Partnership, Its Managing General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Tyler/Longview/Marshall MSA Limited Partnership	 		 	Tyler/Longview/Marshall MSA Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

											
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Upstate Cellular Network	 		 	Upstate Cellular Network
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Verizon Wireless (VAW) LLC	 		 	Verizon Wireless (VAW) LLC
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Verizon Wireless of the East LP	 		 	Verizon Wireless of the East LP
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Vermont RSA Limited Partnership	 		 	Vermont RSA Limited Partnership
				
		 		 	By:	 	NYNEX Mobile Limited Partnership1, Its General Partner
					
		 		 		 	By:	 	Cellco Partnership, Its General Partner
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Virginia RSA 2 Limited Partnership	 		 	Virginia RSA 2 Limited Partnership
				
		 		 	By:	 	Alltel Communications, LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

											
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Virginia RSA 5 Limited Partnership	 		 	Virginia RSA 5 Limited Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Verizon Wireless Personal Communications LP	 		 	Verizon Wireless Personal Communications LP
				
		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Verizon Wireless Tennessee Partnership	 		 	Verizon Wireless Tennessee Partnership
				
		 		 	By:	 	Cellco Partnership, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Wasatch Utah RSA No. 2 Limited Partnership	 		 	Wasatch Utah RSA No. 2 Limited Partnership
				
		 		 	By:	 	Verizon Wireless (VAW) LLC, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Wisconsin RSA #1 Limited Partnership	 		 	Wisconsin RSA #1 Limited Partnership
				
		 		 	By:	 	Alltel Wireless of Wisconsin RSA #1, LLC, its Managing Partner
					
		 		 		 	By:	 	Alltel Communications Wireless of Louisiana, Inc., Its Sole Member
						
		 		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

									
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Wisconsin RSA #2 Partnership	 		 	Wisconsin RSA #2 Partnership
				
		 		 	By:	 	Alltel Communications Wireless of Louisiana, Inc., Its Managing Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Wisconsin RSA #6 Partnership, LLP	 		 	Wisconsin RSA #6 Partnership, LLP
				
		 		 	By:	 	Alltel Communications Wireless of Louisiana, Inc., Its Managing Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	Wisconsin RSA No. 8 Limited Partnership	 		 	Wisconsin RSA No. 8 Limited Partnership
				
		 		 	By:	 	Alltel Communications Wireless of Louisiana, Inc., Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer
			
	WWC Texas RSA LLC	 		 	WWC Texas RSA LLC
				
		 		 	By:	 	Alltel Communications, LLC, Its Managing Member
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

									
	 VERIZON LESSOR
	 	 	 	 CAPACITY OF SIGNATORY

	Wyoming 1-Park Limited Partnership	 		 	Wyoming 1-Park Limited Partnership
				
		 		 	By:	 	Cellular Inc. Network Corporation, Its General Partner
					
		 		 		 	By:	 	Matthew D. Ellis, Senior Vice President, Chief Financial Officer and Treasurer

  
 Schedule 2 

 Schedule 10 

Notice 
 If to any Verizon
Contributor or Verizon Lessor, to: 
 Verizon Wireless 
 Attn:
Network Real Estate 
 180 Washington Valley Road 
 Bedminster,
NJ 07920 
 with a copy to: 
 S. Kendall Butterworth 

Associate General Counsel 
 Verizon Wireless 

One Verizon Place 
 MC-GA1B3LGL 

Alpharetta, GA 30004 
 kendall.butterworth@verizonwireless.com

 and a copy (including a copy of any notice of default or an event of default) to: 

Philip. R. Marx 
 Vice President and Associate General Counsel -
Strategic Transactions 
 Verizon 
 One Verizon Way, VC54S404

 Basking Ridge, NJ 07920 
 E-mail address:
philip.r.marx@verizon.com 
 and a copy (including a copy of any notice of default or an event of default) to: 

Gregory A. Gorospe 
 Jones Day 

325 John H. McConnell Blvd. 
 Columbus, Ohio 43215 

E-mail address: gregory.gorospe@jonesday.com 

 If to Tower Operator, to: 

ATC Sequoia LLC 
 c/o American Tower Corporation 

116 Huntington Avenue, 11th Floor 
 Boston, MA 02116 

Attn: General Counsel 
 ATC Sequoia LLC 

c/o American Tower Corporation 
 10 Presidential Way 

Woburn, MA 01801 
 Attn: Contracts Manager 

ATC Sequoia LLC 
 c/o American Tower Corporation 

10 Presidential Way 
 Woburn, MA 01801 

Attn: Verizon Portfolio Group 
 and a copy (including a copy of
any notice of default or an event of default) to: 
 ATC Sequoia LLC 

c/o American Tower Corporation 
 10 Presidential Way 

Woburn, MA 01801 
 Attn: Vice President - Legal 

and a copy of any notice given pursuant to Section 28 of the MPL, or Section 24 of the MPL Site MLA or Sale Site MLA to: 

American Tower Corporation 
 3500 Regency Parkway 

Suite 100 
 Cary NC 27518 

Attention: NOC 
 along with telephonic notice of any such MPL
Section 28 of the MPL, or Section 24 of the MPL Site MLA or Sale Site MLA notice at: 
 1-877-518-6937 Option 0 

  
 Schedule 2Exhibit 10.32

Exhibit 10.32

EMPLOYMENT AGREEMENT
 
THIS EMPLOYMENT AGREEMENT (the “Agreement”), dated as of November 1, 2011 between S. Craig Highland (the “Executive”), NTELOS Inc., a Virginia corporation, and NTELOS Holdings Corp., a Delaware corporation (“Holdings”) (and collectively with NTELOS, Inc., the “Company”), recites and provides as follows:
 
WHEREAS, the Company considers it essential to the best interests of its shareholders to foster the continuing employment of its key management personnel; 
WHEREAS, the Board of Directors of the Company (the “Board”) expects that the Executive will continue to make substantial contributions to the growth and prospects of the Company; and
WHEREAS, the Executive will continue to serve the Company in reliance upon the undertakings of the Company contained herein.
NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants herein, the receipt and sufficiency of which are hereby acknowledged by each of the parties, the Company and the Executive agree as follows:
1.     Employment.    
 
(a)     Position.  On the terms and subject to the conditions set forth herein, the Company agrees to employ the Executive as Senior Vice President throughout the Employment Term (as defined below).  At the request of the Board and without additional compensation, the Executive shall also serve as an officer and/or director of any or all of the subsidiaries of the Company.

(b)     Duties and Responsibilities.  The Executive shall have such duties and responsibilities that are consistent with the Executive’s position as the Board determines and shall perform such duties and carry out such responsibilities to the best of the Executive’s ability for the purpose of advancing the business of the Company and its subsidiaries.  Subject to the provisions of Section 1(c) below, during the Employment Term the Executive shall devote the Executive’s full business time, skill and attention to the business of the Company and its subsidiaries, and, except as specifically approved by the Board, shall not engage in any other business activity or have any other business affiliation.

(c)     Other Activities.  Anything in this Agreement to the contrary notwithstanding, as part of the Executive’s business efforts and duties on behalf of the Company, the Executive may participate fully in social, charitable and civic activities, and, if specifically approved by the Board, the Executive may serve on the boards of directors of other companies, provided that such activities do not unreasonably interfere with the performance of, and do not involve a conflict of interest with, the Executive’s duties or responsibilities hereunder.
 
2.     Employment Term.  The “Employment Term” hereunder shall continue in full force and effect until December 31, 2012 unless terminated earlier pursuant to the terms and conditions of this Agreement.  Thereafter, the Employment Term will renew hereunder automatically for successive one-year periods unless either party gives written notice to the other not less than six (6) months prior to the end of Employment Term hereof (or any subsequent anniversary, as the case may be) that such party does not wish the Employment Term to be so extended, and under such circumstances, the Employment Term and this Agreement will terminate by its terms, and without liability to either party, on December 31, 2012 (or such subsequent anniversary, as the case may be).  Notwithstanding the foregoing, upon the occurrence of a “Change in Control” (as such term is defined in Section 4(e)(iv)), the Employment Term shall be automatically extended so that the Employment Term shall continue in full force and effect until the date which is twenty-four (24) months from the date of a Change in Control and thereafter will renew automatically as of such date and successive one-year periods thereafter, unless prior notice is given, as provided above.  
 

1

3.     Compensation.  During the Employment Term, the Company will pay and/or otherwise provide the Executive with compensation and related benefits as follows:
 
(a)     Base Salary.  The Company agrees to pay the Executive, for services rendered hereunder, a base salary at the annual rate of $175,000 (the “Base Salary”).  The Executive’s Base Salary will be reviewed annually throughout the Employment Term by the Compensation Committee of the Board. Notwithstanding anything in this Agreement to the contrary, the Company may reduce the Executive’s Base Salary by up to ten percent (10%) during the Employment Term, but only as part of a salary reduction program pursuant to which the Base Salaries of the Chief Executive Officer, all Executive Vice Presidents, and all Senior Vice Presidents who have been designated as ‘Executive Officers’ by the Board are reduced by the same percentage at the same time and for the same period of time.  The Base Salary shall be payable in equal periodic installments, not less frequently than monthly, less any sums which may be required to be deducted or withheld under applicable provisions of law.  The Base Salary for any partial year shall be prorated based upon the number of days elapsed in such year.

(b)     Stock-Based Incentive Compensation.  The Executive shall be eligible to participate in the Company’s stock-based incentive compensation plan pursuant to its terms (“Stock-Based Incentive Payment”).  

(c)     Team Incentive Plan.  The Executive shall be eligible to participate in the Company’s team incentive plan with an annual incentive target of fifty percent (50%) of Base Salary (“Incentive Payment”), subject to achievement of such program’s objectives and final approval of the Board. Notwithstanding the foregoing or the terms of the team incentive plan, the full Incentive Payment the Executive is eligible to receive under the team incentive plan based on objective performance factors must be paid and cannot be reduced or eliminated as a result of individual performance factors other than as a result of a good faith determination by the Board.  The Incentive Payment, if any, shall be payable on or before the March 15 immediately following the end of the year in which the Incentive Payment vests and is no longer subject to a substantial risk of forfeiture within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).
 
(d)     Benefits.  During the Employment Term (and thereafter to the extent expressly provided herein), the Executive shall be entitled to participate in all of the Company’s employee benefit plans applicable to the Company’s comparable senior executives according to the terms of those plans.  In addition to the foregoing compensation, the Company agrees that during the Employment Term it shall provide to the Executive a monthly automobile allowance pursuant to Company policy payable in equal periodic installments, not less frequently than monthly, less any sums which may be required to be deducted or withheld under applicable provisions of law.  
 
(e)     Vacation.  The Executive shall be entitled to a minimum of four (4) weeks of vacation annually, during which time the Executive shall receive compensation in accordance with the terms of this Agreement.
 
(f)     Term Life Insurance.  During the Employment Term, and in addition to any other benefits to which Executive shall be entitled, the Company agrees to pay the premiums on a term life insurance contract covering the Executive that pays a death benefit of at least $324,000.  The Company in its discretion shall select the term life insurance contract on which it will pay the premiums; but the Executive shall be the owner of such contract and will be or will designate the beneficiary of such contract.  The Company (i) will include and report such premium payments in the Executive’s taxable income to the extent required under applicable law and (ii) also will pay to the Executive an additional payment in an amount such that after payment by the Executive of all taxes imposed on the additional payment, the Executive retains an amount of the additional payment equal to the taxes imposed upon the Executive with respect to the Company’s payment of the premiums on the term life insurance contract.  The amount of the additional payment shall be determined based on the Executive’s likely effective rates of federal, state and local income taxation for the calendar year in which the additional payment is to be made, net of the likely reduction in federal income taxes that is obtained from any deduction of state and local taxes.  Such premium payments and additional payments for taxes shall be paid on or before the March 15 immediately following the end of the year in which the premiums on such term life insurance contract accrued (provided the Executive was employed at such time).  Executive agrees, for purposes of calculating the amount of the additional payment, to provide the Company such information as the Company may reasonably request to determine the amount of the additional payment and to cooperate with the Company in good faith in order to effectively make such determination.  The Company shall hold 

2

all such information secret and confidential and shall not, without the prior written consent of the Executive or as otherwise may be required by law or legal process, communicate or divulge such information to anyone other than the Company and those in need of such information for purposes of determining the amount of the additional payment.  Notwithstanding any other provision of this Agreement, in the event the term life insurance contract described herein extends beyond the termination of Executive’s employment with the Company, the Executive, and not the Company, shall be obligated to pay the premiums on such term life insurance contract accruing after the Executive’s termination of employment with the Company.  Notwithstanding any other provision of this Agreement, if the Company’s preferred insurance providers, for whatever reason, are unwilling to insure the Executive on commercially reasonable terms (aggregate annual premiums not to exceed $5,000.00), the Company will pay to the Executive an annual amount equal to the average life insurance premium paid to insure other Executives on a prorated cost per thousand basis (grossed up as described above) in lieu of the term life insurance described in this paragraph.  Such annual amount (prorated if the Executive is not employed for the full year) shall be paid on or before the March 15 immediately following the end of the year in which such term life insurance contract otherwise would have been provided. 

4.     Termination of Employment.
 
(a)     By the Company For Cause.  The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made).  Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within one hundred eighty (180) days of when the Company learns of the act or conduct that constitutes Cause and the Board of Directors concludes that the situation warrants a determination that the Executive’s employment terminated for Cause.  In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause.  In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of termination payable as described above.  The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with and payable at the same time set forth in, the Company’s policy (but no later than thirty (30) days after the date of termination), and unreimbursed medical, dental and other employee benefit expenses payable in accordance with the Company’s applicable employee benefit plans (the payments and benefits described in this subsection (a) herein after referred to as the “Standard Termination Payments”).
 
(b)     Upon Death or Disability.  If the Executive dies, all provisions of Section 3 of this Agreement (other than rights or benefits arising as a result of such death) and the Employment Term shall be automatically terminated; provided, however, that an amount equal to the earned and unpaid Incentive Payments to the date of death and the Standard Termination Payments shall be paid, as described above, to the Executive’s surviving spouse or, if none, the Executive’s estate (as set forth above), and the death benefits under the Company’s employee benefit plans shall be paid to the Executive’s beneficiary or beneficiaries as properly designated in writing by the Executive, in accordance with the Company’s applicable employee benefit plans.  If the Executive is unable to perform the essential functions of the Executive’s job under this Agreement, with or without reasonable accommodation, by reason of physical or mental disability or incapacity (“Disability”) and such disability or incapacity shall have continued for any period aggregating six (6) months within any twelve (12) consecutive months, the Company may terminate the Executive’s employment, this Agreement and the Employment Term at any time thereafter. In such event, the Executive shall be entitled to receive the Executive’s normal compensation hereunder during said time of disability or incapacity, and shall thereafter be entitled to receive the “Disability Incentive Payment” (as described in the penultimate sentence of this subsection (b)), payable no later than two and a half (2 1⁄2) months after the Company terminates the Executive’s employment, and the earned and unpaid Incentive Payments to the date of termination of the Executive’s employment and the Standard Termination Payments, payable as described above.  The portion of the payment representing the Disability Incentive Payment shall be paid in a lump sum determined on a net present value basis, using a reasonable discount rate determined by the Board.  The Disability Incentive Payment shall be equal to the target Incentive Payment that the Executive would have been eligible to receive for the year in which the Employment Term is terminated multiplied by a fraction, the numerator of which is the number of days in such year before and including the day of termination of the Employment Term and the denominator of which is the total number of days in such year.  

3

 
(c)     By the Company Without Cause.
 
(i)     The Company may terminate the Executive’s employment under this Agreement at any time without Cause (for purposes of clarity, it is acknowledged that expiration of the Employment Term (including notice of non-renewal) shall not be considered a termination without Cause), and other than by reason of the Executive’s death or disability.  The Company shall provide written notice of termination to the Executive, which notice shall specify the effective date of such termination and that the termination is without Cause (the “Termination Date”).  If the Termination Date is later than the date of the notice, then from the date of the notice through the Termination Date, the Executive shall continue to perform the normal duties of the Executive’s employment hereunder, and shall be entitled to receive when due all compensation and benefits applicable to the Executive hereunder, payable as described above.  Thereafter, conditioned upon the Executive executing and not revoking an effective general release in favor of the Company, the Board and their affiliates, in a form mutually acceptable to both parties hereto, within sixty (60) days after termination of the Executive’s employment, the Company shall pay the Executive the amounts set forth in this subsection (c) (except for the amounts set forth in subsection (c)(iii) which shall be paid as set forth below regardless of whether the Executive executes such release).  Under such circumstances, subject to subsection (c)(v) and Section 19 below, the Company shall pay the Executive an amount equal to fifty percent (50%) of the Executive’s Base Salary for a period of twenty-four (24) months beginning immediately after the Termination Date (the “Termination Period”), in such periodic installments as were being paid immediately prior to the Termination Date, no less frequently than monthly, less any sums which may be required to be deducted or withheld under applicable provisions of law.
 
(ii)     Subject to subsection (c)(v) and Section 19 below, the Company shall pay the Executive a lump sum, determined on a net present value basis, using a reasonable discount rate determined by the Board, equal to the full target Incentive Payment for the year that includes the Termination Date multiplied by a fraction, the numerator of which is the number of weeks in the Termination Period and the denominator of which is fifty-two (52), no later than two and a half (2 1⁄2) months after the Termination Date.
 
(iii)     The Company shall also be obligated to pay to the Executive the earned and unpaid Incentive Payments to the Termination Date and the Standard Termination Payments (as described above).
 
(iv)     During the Termination Period, subject to subsection (c)(v) and Section 19 below, the Executive and the Executive’s dependents will be entitled to continued participation in the “employee welfare benefit plans” (as defined in Section 3(1) of the Employee Retirement Income Security Act of 1974) in which the Executive and the Executive’s dependents participated on the Executive’s Termination Date with respect to any such plans for which such continued participation is allowed pursuant to applicable law and the terms of the plan on the same terms as active employees (with the Company to pay or reimburse the Executive for such continued participation on a monthly basis).  In lieu of coverage for which such continued participation is not allowed, subject to subsection (c)(v) and Section 19 below, the Executive will be reimbursed, on a net after-tax basis, on a monthly basis, for the cost of individual insurance coverage for the Executive and the Executive’s dependents under a policy or policies that provide benefits (other than disability coverage) not less favorable than the benefits (other than disability coverage) provided under such employee welfare benefit plans.  Notwithstanding the foregoing, the coverage or reimbursements for coverage provided under this subsection (iv) shall cease if the Executive and/or the Executive’s dependents become covered under an employee welfare benefit plan of another employer of the Executive that provides the same or similar type of benefits.  

(v)    Notwithstanding any of the foregoing provisions, any payments to be made, or benefits to be delivered, under this subsection (c) (except for the amounts set forth in subsection (c)(iii) above) within the sixty (60) days after the Termination Date shall be accumulated and paid in a lump sum on the first payroll date occurring more than sixty (60) days, and less than two and a half (2 1⁄2) months, after the Termination Date, provided the Executive executes the release described above and the applicable revocation period thereunder expires within the time described above without the Executive having elected to revoke the release.  Any benefits to be provided to the Executive during such time may be provided at the Executive’s expense with the Executive having the right to reimbursement of such amounts at the time described above.  

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(d)    By the Executive.  The Executive may terminate the Executive’s employment, and any further obligations which the Executive may have to perform services on behalf of the Company hereunder at any time after the date hereof; by sending written notice of termination to the Company not less than sixty (60) days prior to the effective date of such termination. During such sixty (60) day period, the Executive shall continue to perform the normal duties of the Executive’s employment hereunder, and shall be entitled to receive when due all compensation and benefits applicable to the Executive hereunder, payable as described above. Except as provided below, if the Executive shall elect to terminate the Executive’s employment hereunder (other than as a result of the Executive’s death or disability), then the Executive shall remain vested in all vested benefits provided for hereunder or under any benefit plan of the Company in which the Executive is a participant and shall be entitled to receive the earned and unpaid Incentive Payments to the date of termination of the Executive’s employment and the Standard Termination Payments (as set forth above), but the Company shall have no further obligation to make payments or provide benefits to the Executive under Section 3 hereof.  Anything in this Agreement to the contrary notwithstanding, the termination of the Executive’s employment by the Executive for Good Reason (as defined in Section 4(e)), shall be deemed to be a termination of the Executive’s employment without Cause by the Company for purposes of this Agreement, and the Executive shall be entitled to the payments and benefits set forth in Section 4(c) above, payable as described above, subject to the Executive executing and not revoking a general release in favor of the Company, the Board and their affiliates, in a form mutually acceptable to both parties hereto, within sixty (60) days after the termination of Executive’s employment.  Notwithstanding the foregoing, in no event shall any termination of employment by the Executive be deemed for Good Reason unless the Executive terminates employment within one hundred eighty (180) days of when the Executive learns of the act or conduct that constitutes Good Reason.
 
(e)     Definitions.  For purposes of this Agreement, the following definitions will apply:
 
(i)Cause.  The term “Cause” means:  (i) gross or willful misconduct; (ii) willful and repeated failure to comply with the lawful directives of the Board or any supervisory personnel; (iii) any criminal act or act of dishonesty or willful misconduct that has a material adverse impact on the property, operations, business or reputation of the Company or its subsidiaries or any act of fraud, dishonesty or misappropriation involving the Company or its subsidiaries; (iv) any conviction or plea of guilty or nolo contendere to a felony (other than traffic offenses) or a crime involving dishonesty; (v) the material breach of the terms of any confidentiality, non-competition, non-solicitation or employment agreement the employee has with the Company or its subsidiaries; (vi) acts of malfeasance or negligence in a matter of material importance to the Company or its subsidiaries; (vii) the material failure to perform the duties and responsibilities of employee’s position after written notice and a reasonable opportunity to cure (not to exceed ninety (90) days); (viii) grossly negligent conduct; or (ix) activities materially damaging to the property, operations, business or reputation of the Company or its subsidiaries (it being understood that conduct or activities pursuant to employee’s exercise of good faith business judgment shall not be in violation of  this Section 4(e)(i)).  
(ii)Good Reason.  “Good Reason” means, after written notice by the Executive to the Board, and a reasonable opportunity for the Company to cure (not to exceed forty-five (45) days), that (i) the Executive’s Base Salary is not paid or is reduced by more than ten percent (10%) in the aggregate or other than as part of a salary reduction program pursuant to which the Base Salaries of the Chief Executive Officer, all Executive Vice Presidents and all Senior Vice Presidents who have been designated as ‘Executive Officers’ by the Board are reduced by the same percentage at the same time and for the same period of time, (ii) the Executive’s target Incentive Payment is reduced, (iii) the Executive’s job duties and responsibilities are diminished; provided that so long as the Executive retains the title Senior Vice President or higher and remains within the Company's finance organization, a division of, or change in responsibilities or change in title, of the Executive shall not constitute a "diminution" under this subparagraph (iii), (iv) the Executive is required to relocate to a facility more than fifty (50) miles from Waynesboro, Virginia, (v) the Executive is not provided benefits (e.g., health insurance) that are comparable in all material respects to those previously provided to the Executive, (vi) the Executive is directed by the Board or an officer of the Company or an affiliate (or the Company’s successor or an affiliate thereof) to engage in conduct that Company counsel, or mutually agreed upon counsel if requested by the Executive, has advised is likely to be illegal and that such counsel states with specificity why such direction is likely to be illegal (including a proposal for modification of such direction which in counsel’s opinion would not be likely to be illegal), or (vii) the Executive is directed by the Board or an officer of the Company or an affiliate (or the Company’s successor or an affiliate thereof) to refrain from acting and Company counsel, or mutually agreed upon counsel if requested by the Executive, has advised that such failure to act is likely to be illegal 

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and that such counsel states with specificity why such direction is likely to be illegal (including a proposal for modification of such direction which in counsel’s opinion would not be likely to be illegal).  If the Executive is directed to engage in conduct that he reasonably believes is likely to be illegal or to refrain from acting and the Executive reasonably believes that such failure to act is likely to be illegal, the Executive can express such reservations to the Board or directing officer, and the Company shall, at its expense, engage Company counsel, or mutually agreed upon counsel if requested by the Executive, to advise as to whether such conduct or failure to act is likely to be illegal.  Subject to the last sentence of Section 4(d) hereof, if any of the events occur that would entitle the Executive to terminate the Executive’s employment for Good Reason hereunder and the Executive does not exercise such right to terminate the Executive’s employment, any such failure shall not operate to waive the Executive’s right to terminate the Executive’s employment for that or any subsequent action or actions, whether similar or dissimilar, that would constitute Good Reason. For purposes of clarity, it is acknowledged that expiration of the Employment Term (including notice of non-renewal) shall not be considered “Good Reason” hereunder.
(iii)    Change in Control.  “Change in Control” means any of the following described in clauses (I) through (IV) below, provided that a “Change in Control” shall not mean any event listed in clauses (I) through (IV) that occurs directly or indirectly as a result of or in connection with Quadrangle Capital Partners LP, a Delaware limited partnership, Quadrangle Select Partners LP, a Delaware limited partnership, Quadrangle Capital Partners – A LP, a Delaware limited partnership, and Quadrangle NTELOS Holdings II LP, a Delaware limited partnership (collectively the “Quadrangle Entities”) and/or their Affiliates, related funds and co-investors becoming the owner or “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Holdings representing more than fifty-one percent (51%) of the combined voting power of the then outstanding securities, or the shareholders of Holdings approve a merger, consolidation or reorganization of Holdings with any other company and such merger, consolidation or reorganization is consummated, and after such merger, consolidation or reorganization any of the Quadrangle Entities or their respective Affiliates, related funds and co-investors acquire more than fifty-one percent (51%) of the combined voting power of Holdings’ then outstanding securities:
 
(I)     any Person is or becomes the owner or “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Holdings representing more than fifty-one percent (51%) of the combined voting power of the then outstanding securities;
 
(II)     consummation of a merger, consolidation or reorganization of Holdings with any other company, or a sale of all or substantially all the assets of Holdings (a “Transaction”), other than (i) a Transaction that would result in the voting securities of Holdings outstanding immediately prior thereto continuing to represent either directly or indirectly more than fifty-one percent (51%) of the combined voting power of the then outstanding securities of Holdings or such surviving or purchasing entity;
 
(III)     the shareholders of Holdings approve a plan of complete liquidation of Holdings and such liquidation is consummated; or
  
(IV)     During any period of twelve (12) consecutive months commencing on February 13, 2006, (i) the individuals who constituted the Board of Directors of Holdings on February 13, 2006, and (ii) any new director who either (A) was elected by the Board of Directors of Holdings or nominated for election by Holdings’ stockholders and whose election or nomination was approved by a vote of more than fifty percent (50%) of the directors then still in office who either were directors on February 13, 2006, or whose election or nomination for election was previously so approved or (B) was appointed to the Board of Directors of Holdings pursuant to the designation of Quadrangle Entities, cease for any reason to constitute a majority of the Board.
 
For purposes of the foregoing, “Person” means an individual, corporation, limited liability company, partnership, association, trust or other entity or organization, including a government or political subdivision or an agency or instrumentality thereof.
 

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For purposes of the foregoing, “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person.
 
5.     Confidential Information.  The Executive understands and acknowledges that during the Executive’s employment with the Company, the Executive has been and will be making use of, acquiring or adding to the Company’s Confidential Information (as defined below).  In order to protect the Confidential Information, the Executive will not, during the Executive’s employment with the Company or at any time thereafter, in any way utilize any of the Confidential Information except in connection with the Executive’s employment by the Company.  The Executive will not at any time use any Confidential Information for the Executive’s own benefit or the benefit of any person except the Company.  At the end of the Executive’s employment with the Company, the Executive will surrender and return to the Company any and all Confidential Information in the Executive’s possession or control, as well as any other Company property that is in the Executive’s possession or control.  The Executive acknowledges and agrees that any breach of this Section 5 would be a material breach of this Agreement.  The term “Confidential Information” shall mean any information that is confidential and proprietary to the Company and is not known or made available to the public (other than as a result of a breach of this Agreement by the Executive), including but not limited to the following general categories:
 
		
	(i) 
	trade secrets;

 
		
	(ii) 
	lists and other information about current and prospective customers;

		
	(iii)
	plans or strategies for sales, marketing, business development, or system build-out;

 
		
	(iv) 
	sales and account records;

 
		
	(v)
	prices or pricing strategy or information;

 
		
	(vi) 
	current and proposed advertising and promotional programs;

 
		
	(vii) 
	engineering and technical data;

 
		
	(viii) 
	the Company’s methods, systems, techniques, procedures, designs, formulae, inventions and know-how; personnel information;

 
		
	(ix) 
	legal advice and strategies; and

 
		
	(x) 
	other information of a similar nature not known or made available to the public or the Company’s Competitors (as defined in Section 8).

 
Confidential Information includes any such information that the Executive may prepare or create during the Executive’s employment with the Company, as well as such information that has been or may be created or prepared by others.  This promise of confidentiality is in addition to any common law or statutory rights of the Company to prevent disclosure of its Trade Secrets and/or Confidential Information.
 
6.     Return of Documents.  All writings, records and other documents and things containing any Confidential Information in the Executive’s custody or possession shall be the exclusive property of the Company, shall not be copied and/or removed from the premises of the Company, except in pursuit of the business of the Company, and shall be delivered to the Company, without retaining any copies, upon the termination of the Executive’s employment or at any time as requested by the Company.
 
7.     Reaffirm Obligations.  Upon termination of the Executive’s employment with the Company, the Executive shall, if requested by the Company, reaffirm in writing Employee’s recognition of the importance of maintaining the confidentiality of the Company’s proprietary information and trade secrets and reaffirm all of the obligations set forth in Section 5 of this Agreement.

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8.     Non-Compete; Non-Solicitation.  The Executive agrees that:
 
(a)     While the Executive is employed by the Company, the Executive will not, directly or indirectly, compete with the business conducted by the Company, and the Executive will not, directly or indirectly, provide any services to a Competitor.
 
(b)     For a period of twenty-four (24) months (the “Non-Competition Period”) after the Executive’s employment with the Company ends for any reason, the Executive will not compete with the Company by performing or causing to be performed the same or similar types of duties or services that the Executive performed for the Company for a Competitor of the Company in any capacity whatsoever, directly or indirectly, within any city or county of the continental United States in which, at the time the Executive’s employment with the Company ends, the Company provides services or products, offers to provide services or products, or has documented plans to provide or offer to provide services or products within the Non-Competition Period provided that the Executive has knowledge of those plans at the time the Executive’s employment with the Company ends (the “Service Area”).  Additionally, the Executive agrees that during the Non-Competition Period, the Executive will not, directly or indirectly, sell, attempt to sell, provide or attempt to provide, any wireless telecommunications services to any person or entity who was a customer or an actively sought prospective customer of the Company, at any time during the Executive’s employment with the Company.  The restrictions set forth above shall immediately terminate and shall be of no further force or effect in the event of a default by the Company in the payment of any consideration, if any, to which the Executive is entitled under Section 8(i) below, which default is not cured within thirty (30) days after written notice thereof.  The Executive acknowledges and agrees that because of the nature of the Company’s business, the nature of the Executive’s job responsibilities, and the nature of the Confidential Information and Trade Secrets of the Company which the Company will give the Executive access to, any breach of this provision by the Executive would result in the inevitable disclosure of the Company’s Trade Secrets and Confidential Information to its direct competitors.
 
(c)     While the Executive is employed by the Company and during the Non-Competition Period, the Executive will not, directly or indirectly, solicit or encourage any employee of the Company to terminate employment with the Company; hire, or cause to be hired, for any employment by a Competitor, any person who within the preceding twelve (12) month period has been employed by the Company, or assist any other person, firm, or corporation to do any of the acts described in this subsection (c).
 
(d)     The Executive acknowledges and agrees that the Company has a legitimate business interest in preventing him from engaging in activities competitive with it as described in this Section 8 and that any breach of this Section 8 would constitute a material breach of this Section 8 and this Agreement.
 
(e)     The Company may notify anyone employing the Executive or evidencing an intention to employ the Executive during the Non-Competition Period as to the existence and provisions of this Agreement and may provide such person or organization a copy of this Agreement.  The Executive agrees that the Executive will provide the Company with a notice containing the identity of any employer the Executive plans to go to work for during the Non-Competition Period along with the Executive’s anticipated job title, anticipated job duties with any such employer, and anticipated start date.  The Company will analyze the proposed employment and make a determination as to whether it would violate this Section 8.  The Company will notify the Executive in writing within ten (10) business days following the receipt of the Executive’s notice as to whether or not the Company objects to the proposed employment.   The Executive further agrees to provide a copy of this Agreement to anyone who employs the Executive during the Non-Competition Period.
 
(f)      The Executive acknowledges and agrees that this Section 8 is intended to limit the Executive’s right to compete only to the extent necessary to protect the Company’s legitimate business interest.  The Executive acknowledges and agrees that the Executive will be reasonably able to earn a livelihood without violating the terms of this Section 8.  If any of the provisions of this Section 8 should ever be deemed to exceed the time, geographic area, or activity limitations permitted by applicable law, the Executive agrees that such provisions may be reformed to the maximum time, geographic area and activity limitations permitted by applicable law, and the Executive authorizes a court or other trier of fact having jurisdiction to so reform such provisions.  In the event the Executive 

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breaches any of the restrictions or provisions set forth in this Section 8, the Executive waives and forfeits any and all rights to any further benefits under this Agreement, including but not limited to the consideration set forth in subsection (i) below as well as any additional payments, compensation, benefits or severance pay he may otherwise be entitled to receive under this Agreement.  Additionally, in the event the Executive breaches any of the restrictions or provisions set forth in this Section 8, the Executive agrees to repay the Company for any of the consideration set forth in subsection (i) below that the Executive received prior to the breach as well as any additional payments, compensation, benefits or severance pay the Executive might otherwise have previously received under Section 4(c) of this Agreement.
 
(g)     For purposes of this Section 8, the following definitions will apply:
 
(i)     “Directly or indirectly” as used in this Agreement includes an interest in or participation in a business as an individual, partner, shareholder, owner, director, officer, principal, agent, employee, consultant, trustee, lender of money, or in any other capacity or relation whatsoever. The term includes actions taken on behalf of the Executive or on behalf of any other person. “Directly or indirectly” does not include the ownership of less than five percent (5%) of the outstanding shares of any corporation, if such shares are publicly traded in the over-the-counter market or listed on a national securities exchange.
 
(ii)     “Competitor” as used in this Agreement means any person, firm, association, partnership, corporation or other entity that competes or attempts to compete with the Company by providing or offering to provide wireless telecommunications services within any city or county in which the Company provides or offers those services or products.
 
(h)     Notwithstanding any other provision of this Section 8, the Executive will not be considered to have violated any prohibition against competing with the Company for engaging in any of the following activities: (1) being employed or retained by (i) any parent, subsidiary or affiliate organization of any Competitor where that parent, subsidiary or affiliate organization does not itself, and the Executive’s employment will not cause the Executive to, compete or attempt to compete with the Company by providing or offering to provide wireless telecommunications services within the Service Area or (ii) any Competitor, directly or indirectly, so long as Executive’s employment or service does not relate to (A) working principally within the Service Area or (B) activities that would benefit the Competitor principally within the Service Area; or (2) working or providing services within the Service Area so long as the Executive’s employment or service does not relate to the type of services provided or offered by the Company within that Service Area or to services for which the Company has documented plans to provide, offer or supply within that Service Area at the time of Executive’s termination of employment; or (3) selling or attempting to sell wireless telecommunications services so long as the services or products, which the Executive is selling or attempting to sell to a customer, do not relate to the type of services or products provided or offered by the Company to such customer or for which the Company has documented plans to provide, offer or supply to such customer at the time of Executive’s termination of employment; provided, however, that the Executive is nevertheless prohibited from: (i) selling, attempting to sell, and providing or attempting to provide, to any person who was a customer, or who was actively sought as a customer, of the Company at the time of Executive’s termination of employment any wireless  telecommunications services that are the type of services or products that the Company sold, attempted to sell or provided or attempted to provide to such customer as described in (b) above and (ii) soliciting or encouraging any employee of the Company to terminate employment or taking any other of the prohibited actions as described in (c) above.  
 
(i)     In consideration of the Executive’s undertakings set forth in this Section 8 with respect to periods after termination of employment, but only in the event that the Executive is entitled to the benefits and payments under Section 4(c) above, subject to subsection 4(c)(v) and Section 19 below, the Company will pay the Executive an amount equal to fifty percent (50%) of his Base Salary during the Non-Competition Period, in such periodic installments, not less frequently than monthly, as his Base Salary was being paid immediately prior to termination of employment, with a lump sum payment on the sixtieth (60th) day after termination of the Executive’s employment equal to the payments the Executive would have received had the payments commenced immediately following termination of the Executive’s employment and subsequent installments in equal periodic installments thereafter, no less frequently than monthly, less any sums which may be required to be deducted or withheld under applicable provisions of law.  In the event the Executive is not entitled to the benefits and payments under Section 4(c) above, the Company will not pay Executive any of the consideration set forth in this Section 8(i).

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(j)     In the event the Executive breaches any of the restrictions or provisions set forth in this Section 8, the Executive waives and forfeits any and all rights to any further payments under subsection (i) or otherwise under this Agreement and agrees to return to the Company the gross amount of any amounts previously paid, and the value of any benefits previously provided under this Agreement.  This waiver and forfeiture shall be effective even in the event a court refuses to enforce the restrictions set forth in this Section 8.
 
9.     Representations.  The Executive represents and warrants to the Company that the execution, delivery and performance of this Agreement by the Executive does not conflict with, or result in the breach by the Executive or violation by the Executive of, any other agreement to which the Executive is a party or by which the Executive is bound.  The Executive hereby agrees to indemnify the Company, its officers, directors and shareholders and hold them harmless from and against any liability (including, without limitation, reasonable attorneys’ fees and expenses) which they may at any time suffer or incur arising out of or relating to any breach of an agreement, representation or warranty made by the Executive herein.  The Company represents and warrants that this Agreement and the transactions contemplated hereby have been duly authorized by the Company by all necessary corporate and shareholder action, and that the execution, delivery and performance of this Agreement by the Company does not conflict with, or result in the breach or violation by the Company of, its Certificate of Incorporation, Articles of Incorporation or Bylaws or any other agreement to which the Company is a party or by which it is bound.  The Company hereby agrees to indemnify the Executive and hold the Executive harmless from and against any liability (including, without limitation, reasonable attorneys’ fees and expenses) which the Executive may at any time suffer or incur arising out of or relating to any breach of an agreement, representation or warranty made by the Company herein.  Any indemnity to be paid hereunder shall be payable within thirty (30) days after the Company and the Executive agree that such amounts are owed or there is a final settlement or resolution of the claim or dispute for which the payments are required.  
 
10.     Remedies.  The parties hereto agree that the Company would suffer irreparable harm from a breach by the Executive of any of the covenants or agreements contained herein. Therefore, in the event of the actual or threatened breach by the Executive of any of the provisions of this Agreement, the Company may, in addition and supplementary to other rights and remedies existing in its favor, apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce or prevent any violation of the provisions hereof.  The Executive agrees that if a lawsuit or other proceeding is brought to enforce the terms of this Agreement or determine the validity of its terms and the Company prevails, the Company will be entitled to recover from the Executive its reasonable attorneys’ fees and court costs.  The Executive agrees that these provisions are reasonable.
 
11.    Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of the Company and its affiliates and their successors and assigns, and shall be binding upon and inure to the benefit of the Executive and the Executive’s legal representatives and assigns, provided that in no event shall the Executive’s obligations to perform services for the Company and its affiliates be delegated or transferred by the Executive.  The Company may assign or transfer its rights hereunder to a successor corporation in the event of a merger, consolidation or transfer or sale of all or substantially all of the assets of the Company’s business (provided, however, that no such assignment or transfer shall have the effect of relieving the Company of any liability to the Executive hereunder or under any other agreement or document contemplated herein), but only if such assignment or transfer does not result in employment terms, conditions, duties or responsibilities which are or may be materially different than the terms, conditions, duties or responsibilities of the Executive hereunder.  If the Company assigns or transfers its rights under this Agreement to a successor corporation, the Executive’s obligations under Section 8 of this Agreement will be construed and enforceable with respect to the business and geographic scope of the Company only and will not be construed or enforceable with respect to the business and geographic scope of any successor corporation to which the Company’s rights may be assigned or transferred to the extent such business or geographic scope is greater than that of the Company at the time of such assignment or transfer.  The Executive may not transfer or assign the Executive’s rights and obligations under this Agreement 
12.     Modification or Waiver.  No amendment, modification, waiver, termination or cancellation of this Agreement shall be binding or effective for any purpose unless it is made in a writing signed by the party against whom enforcement of such amendment, modification, waiver, termination or cancellation is sought.  No course of dealing 

10

between or among the parties to this Agreement shall be deemed to affect or to modify, amend or discharge any provision or term of this Agreement. No delay on the part of the Company or the Executive in the exercise of any of their respective rights or remedies shall operate as a waiver thereof, and no single or partial exercise by the Company or the Executive of any such right or remedy shall preclude other or further exercises thereof.  A waiver of a right or remedy on any one occasion shall not be construed as a bar to or waiver of any such right or remedy on any other occasion. 

13.     Governing Law; Jurisdiction.  This Agreement and all rights, remedies and obligations hereunder, including, but not limited to, matters of construction, validity and performance shall be governed by the laws of the Commonwealth of Virginia without regard to its conflict of laws principles or rules.  To the full extent lawful, each of the Company and the Executive hereby consents irrevocably to personal jurisdiction, service and venue in connection with any claim or controversy arising out of this Agreement in the courts of the Commonwealth of Virginia located in Waynesboro, Virginia, and in the federal courts in the Western District of Virginia.
 
14.     Excise Taxes.
 
(a)     If any payment or distribution by the Company or any affiliate to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise pursuant to or by reason of any other agreement, policy, plan, program or arrangement, including without limitation any stock option, stock appreciation right or similar right, or the lapse or termination of any restriction on or the vesting or exercisability of any of the foregoing (a “Payment”), would be subject to the excise tax imposed by Code Section 4999 or to any similar tax imposed by state or local law, or any interest or penalties with respect to such tax (such tax or taxes, together with any such interest and penalties, being hereafter collectively referred to as the “Excise Tax”), then the benefits payable or provided under this Agreement (or other Payments as described above) shall be reduced (but not in excess of the amount of the benefits payable or provided under this Agreement) if, and only to the extent that, such reduction will allow the Executive to receive a greater Net After Tax Amount than such Executive would receive absent such reduction.
 
(b)     The Accounting Firm (as defined below) will first determine the amount of any Parachute Payments (as defined below) that are payable to the Executive.  The Accounting Firm also will determine the Net After Tax Amount attributable to the Executive’s total Parachute Payments.
 
(c)     The Accounting Firm will next determine the largest amount of payments that may be made to the Executive without subjecting the Executive to the Excise Tax (the “Capped Payments”).  Thereafter, the Accounting Firm will determine the Net After Tax Amount attributable to the Capped Payments.
 
(d)      The Executive then will receive the total Parachute Payments or the total Capped Payments, whichever provides the Executive with the higher Net After Tax Amount; however, if the reductions imposed under this Section 14 are in excess of the amount of benefits payable or provided under this Agreement, then the total Parachute Payments will be adjusted by first reducing, on a pro rata basis, the amount of any noncash or cash benefits under this Agreement, then noncash or cash benefits under any other plan, agreement or arrangement, then any cash payments under this Agreement and finally any cash payments under any other plan, agreement or arrangement.  The Accounting Firm will notify the Executive and the Company if it determines that the Parachute Payments must be reduced and will send the Executive and the Company a copy of its detailed calculations supporting that determination.
 
(e)     As a result of the uncertainty in the application of Code Sections 280G and 4999 at the time that the Accounting Firm makes its determinations under this Section 14, it is possible that the Executive will have received Parachute Payments or Capped Payments in excess of the amount that should have been paid or distributed (“Overpayments”), or that additional Parachute Payments or Capped Payments should be paid or distributed to the Executive (“Underpayments”).  If the Accounting Firm determines, based on either the assertion of a deficiency by the Internal Revenue Service against the Company or the Executive, which assertion the Accounting Firm believes has a high probability of success or controlling precedent or substantial authority, that an Overpayment has been made, that Overpayment may, at the Executive’s discretion, be treated for all purposes as a loan ab initio that the Executive must repay to the Company immediately together with interest at the applicable Federal rate under Code Section 7872; provided, however, that no loan will be deemed to have been made and no amount will be payable by the Executive to 

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the Company unless, and then only to the extent that, the deemed loan and payment would either reduce the amount on which the Executive is subject to tax under Code Section 4999 or generate a refund of tax imposed under Code Section 4999 and the Executive will receive a greater Net After Tax Amount than such Executive would otherwise receive.  If the Accounting Firm determines, based upon controlling precedent or substantial authority, that an Underpayment has occurred, the Accounting Firm will notify the Executive and the Company of that determination and the amount of that Underpayment will be paid to the Executive promptly by the Company after such determination.
 
(f)     For purposes of this Section 14, the following terms shall have their respective meanings:
 
(i)     “Accounting Firm” means the independent accounting firm currently engaged by the Company, or a mutually agreed upon independent accounting firm if requested by the Executive; and
 
(ii)     “Net After Tax Amount” means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment.  The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.
 
(iii)     “Parachute Payment” means a payment that is described in Code Section 280G(b)(2), determined in accordance with Code Section 280G and the regulations promulgated or proposed thereunder.
 
(g)     The fees and expenses of the Accounting Firm for its services in connection with the determinations and calculations contemplated by the preceding subsections shall be borne by the Company. 
(h)     The Company and the Executive shall each provide the Accounting Firm access to and copies of any books, records and documents in the possession of the Company or the Executive, as the case may be, reasonably requested by the Accounting Firm, and otherwise cooperate with the Accounting Firm in connection with the preparation and issuance of the determinations and calculations contemplated by the preceding subsections.  Any determination by the Accounting Firm shall be binding upon the Company and the Executive.
 
15.     Severability.  Whenever possible each provision and term of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision or term of this Agreement shall be held to be prohibited by or invalid under such applicable law, then such provision or term shall be ineffective only to the extent of such prohibition or invalidity, without invalidating or affecting in any manner whatsoever the remainder of such provisions or term or the remaining provisions or terms of this Agreement.  If any provision contained in Sections 5 or 8 of this Agreement shall for any reason be held to be excessively broad or unreasonable as to time, territory, or interest to be protected, a court is hereby empowered and requested to construe such provision by narrowing it so as to make it reasonable and enforceable to the extent provided under applicable law.
 
16.     Counterparts.  This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same Agreement.
 
17.     Headings.  The headings of the Sections of this Agreement are inserted for convenience only and shall not be deemed to constitute a part hereof and shall not affect the construction or interpretation of this Agreement.
 
18.     Entire Agreement.  This Agreement (together with all documents and instruments referred to herein) constitutes the entire agreement, and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof, including any prior employment or management continuity agreement under which the Executive hereby agrees to waive all rights and which is hereby terminated.

19.    Section 409A.  It is intended that any payment or benefit which the Executive is to be paid or provided in connection with this Agreement which is considered to be non-qualified deferred compensation subject to Section 409A of the Code, shall be paid and provided in a manner, and at such time, as complies with, or is exempt from, the 

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applicable requirements of Section 409A of the Code.  In connection with effecting such compliance with, or exemption from, Section 409A of the Code, the following shall apply:  
(a)     Neither the Executive nor the Company shall take any action to accelerate or delay the payment of any monies and/or provision of any benefits in any matter which would not be in compliance with, or exempt from, Section 409A of the Code.

(b)     If the Executive is a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, any payment or provision of benefits in connection with the Executive’s separation from service (as determined for purposes of Section 409A of the Code) shall not be made until six (6) months after the Executive’s separation from service or, if earlier, the Executive’s death (the “409A Deferral Period”) as and to the extent required under Section 409A of the Code.  In the event such payments are otherwise due to be made in installments or periodically during the 409A Deferral Period, the payments which would otherwise have been made in the 409A Deferral Period shall be accumulated and paid in a lump sum as soon as, and within thirty (30) days after, the 409A Deferral Period ends, and the balance of the payments shall be made as otherwise scheduled.  In the event such benefits are required to be deferred, any such benefits may be provided during the 409A Deferral Period at the Executive’s expense, and the Executive will have the right to reimbursement from the Company as soon as, and within thirty (30) days after, the 409A Deferral Period ends, and the balance of the benefits shall be provided as otherwise scheduled.

(c)     For purposes of this Agreement, all rights to payments and benefits hereunder shall be treated as rights to receive a series of separate payments and benefits to the fullest extent allowed by Section 409A of the Code.

(d)    For purposes of determining time of (but not entitlement to) the payment or provision of non-qualified deferred compensation under this Agreement subject to Section 409A of the Code in connection with the termination of the Executive’s employment, termination of employment will be construed to mean a “separation from service” within the meaning of Section 409A of the Code where it is reasonably anticipated that the Executive will not perform any further services after that date or that the level of bona fide services that the Executive will perform after that date (whether as an employee or independent contractor) will permanently decrease to no more than twenty percent (20%) of the average level of bona fide services the Executive performed over the immediately preceding thirty-six (36) month period.
(e)    A “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code shall be determined on the basis of the applicable twelve (12) month period ending on the specified employee identification date designated by the Company consistently for purposes of this Agreement and similar agreements or, if no such designation is made, based on the default rules and regulations under Section 409A(a)(2)(B)(i) of the Code.
(f)    Notwithstanding any of the provisions of this Agreement, the Company shall not be liable to the Executive if any payment or benefit which is to be provided pursuant to this Agreement and which is non-qualified deferred compensation subject to Section 409A of the Code otherwise fails to comply with, or be exempt from, the requirements of Section 409A of the Code.

[SIGNATURES APPEAR ON THE FOLLOWING PAGE]

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IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.
 
	
				
	 
	 
	 

	NTELOS Holdings Corp.

	 
	 

	By:
	 
	 /s/ James A. Hyde              
James A. Hyde
Chief Executive Officer and President

	 
	 
	 

	
							
	 
	 
	 
	 

	NTELOS Inc.
	 

	 
	 
	 

	By:
	

	  /s/ James A. Hyde             
James A. Hyde
Chief Executive Officer and President
 
 

	 
	 
	 

 
	
			
	Executive

	 
	 

	By:
	  /s/ S. Craig Highland             
S. Craig Highland
	 

	 
	 
	 

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