Common use of TEN ENT Clause in Contracts

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ............................. in common (State) Additional abbreviations may also be used though not in the above list. ________________________________________________________________________________ For Value Received, ____________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ ________________________________________________________________________________ (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) ________________________________________________________________________________ ________________________________________________________________________________ _________________________________________________________________________ Shares of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact to transfer the said stock on the books of the within-named Corporation, with full power of substitution in the premises. Dated _____________________________ ---------------------------------------------------------------------- ---------------------------------------------------------------------- NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed: ________________________________________

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ............................. in common (State) Additional abbreviations may also be used though not in the above list. ________________________________________________________________________________ For Value Received, ____________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ ________________________________________________________________________________ (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) ________________________________________________________________________________ ________________________________________________________________________________ The shares represented by this Certificate have not been registered under the Securities Act of 1933 ("the Act") and are "restricted securities" as that term is defined in Rule 144 under the Act. The shares may not be offered for sale, sold or otherwise transferred except pursuant to an effective registration statement under the Act, or pursuant to an exemption from registration under the Act, the availability of which is to be established to the satisfaction of the Company. _________________________________________________________________________ Shares of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact to transfer the said stock on the books of the within-named Corporation, with full power of substitution in the premises. Dated _____________________________ /s/ [Signature Illegible] ---------------------------------------------------------------------- ---------------------------------------------------------------------- NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed: _________________________________________ The signature(s) must be guaranteed by an eligible guarantor institution (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions with membership in an approved signature guarantee Medallion Program), pursuant to S.E.C. Rule 17Ad-15. 57 SEE RESTRICTIVE LEGEND ON REVERSE SIDE SHARES NUMBER -2,000,000- 1077 CUSIP 71921R 10 7 SEE REVERSE FOR CERTAIN DEFINITIONS phoneXchange INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE 50,000,000 AUTHORIZED SHARES $.001 PAR VALUE THIS CERTIFIES THAT JAME▇ ▇▇▇▇ *2,000,000***** **2,000,000**** Is The Owner of ***TWO MILLION*** ***2,000,000*** ****2,000,000** *****2,000,000* FULLY PAID AND NON-ASSESSABLE SHARES OF $.001 PAR VALUE COMMON STOCK OF phoneXchange, Inc. transferable only on the books of the Company in person or by duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid unless countersigned by the Transfer Agent and Registrar.

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - -- as joint tenants with right of under Uniform Gifts to Minors of survivorship and not as Act............................................ tenants Act ............................. in common (State) Additional abbreviations may also be used though not in the above list. For value received, ________________________________________________________________________________ For Value Received, ____________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ ________________________________________________________________________________ ---------------------------------- ---------------------------------- ----------------------------------------------------------------------- (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, CODE OF ASSIGNEE) ________________________________________________________________________________ ________________________________________________________________________________ _________________________________________________________________________ Shares ----------------------------------------------------------------------- ----------------------------------------------------------------------- ---------------------------------------------------------------- shares of the Common Stock common stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact --------------------------------------------------------------- Attorney to transfer the said stock on the books of the within-within named Corporation, Corporation with full power of substitution in the premises. Dated _____________________________ ---------------------------------------------------------------------- ---------------------------------------------------------------------- --------------------------- --------------------------------------------- NOTICE: THE SIGNATURE(S) SIGNATURE TO THIS THE ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed: ________________________________________WHATEVER.

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ............................. in common (State) Additional abbreviations may also be used though not in the above list. ________________________________________________________________________________ For Value Received, ____________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ ###-##-#### -------------------------------------- ________________________________________________________________________________ (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) ________________________________________________________________________________ ________________________________________________________________________________ _________________________________________________________________________ Shares of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact to transfer the said stock on the books of the within-named Corporation, with full power of substitution in the premises. Dated _____________________________ /s/ Jame▇ ▇▇▇▇ ---------------------------------------------------------------------- ---------------------------------------------------------------------- NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed: ________________________________________

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - TEN--as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ............................. in common (State) Additional abbreviations may also be used though not in the above list. ________________________________________________________________________________ For Value ReceivedOPTION TO ELECT REPAYMENT The undersigned hereby irrevocably request(s) and instruct(s) the Company to repay this Note (or portion hereof specified below) pursuant to its terms at a price equal to 100% of the principal amount of this Note (or of such specified portion) together with interest on the amount to be repaid to the repayment date, ____________________ hereby sellto the undersigned, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ ________________________________________________________________________________ (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) _at: _______________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________ Shares (Please print or typewrite name and address of the Common Stock represented undersigned.) For this Note to be repaid in whole or in part, the Paying Agent must receive at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Floor 21 West, New York, New York 10286 (or at such other office or offices in The City of New York, New York of which the Company shall from time to time notify the Holder of this Note), not more than 60 nor less than 30 days prior to an Optional Repayment Date, if any, shown on this Note, either (i) this Note with this "Option to Elect Repayment" form duly completed or (ii) a telegram, telex, facsimile transmission or letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms hereof, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note with this "Option to Elect Repayment" form duly completed will be surrendered to the Paying Agent not later than five Business Days after the date of such telegram, telex, facsimile transmission or letter and this Note, with this form duly completed, are received by the within CertificatePaying Agent by such fifth Business Day. 6 If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which must be in denominations of $1,000 principal amount) which the Holder elects to have repaid and do hereby irrevocably constitute and appoint _specify the denomination or denominations (which shall be $1,000 or an integral multiple of $1,000) of the Notes to be reissued to the Holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid). Portion to be repaid: Signature: ____________________ attorney-in-fact to transfer the said stock on the books of the within-named Corporation, with full power of substitution in the premises. Dated $ _____________________________ ---------------------------------------------------------------------- ---------------------------------------------------------------------- NOTICE: THE SIGNATURE(SThe signature on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular, without alteration or enlargement or any change whatsoever. Denomination(s) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteedof Notes to be reissued to Holder: $ _____________________________ Date __________________________ Signature Guarantee: __________ 7

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ............................. in common (State) Additional abbreviations may also be used though not in the above list. ________________________________________________________________________________ For Value Received, ____________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ ###-##-#### -------------------------------------- ________________________________________________________________________________ (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) ________________________________________________________________________________ ________________________________________________________________________________ _________________________________________________________________________ Shares of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact to transfer the said stock on the books of the within-named Corporation, with full power of substitution in the premises. Dated _____________________________ /s/ PAUL ▇. ▇▇▇▇ ---------------------------------------------------------------------- ---------------------------------------------------------------------- NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed: ________________________________________

TEN ENT. as tenants by the entireties (Cust) (Minor) entireties JT TEN - as --as joint tenants with right of under Under Uniform Gifts to Minors Act right of survivorship and not as tenants Act ............................. in common (State) ........................................... Additional abbreviations may also be used though not in the above list. FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto Please Insert Social Security or Other Identifying Number of Assignee _________________________________________ /________________________________/________________________________________ For Value Received, ____________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ ________________________________________________________________________________ (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, ADDRESS INCLUDING POSTAL ZIP CODE, CODE OF ASSIGNEE) ____ASSIGNEE ____________________________________________________________________________ ____________________________________________________________________________ the within Note of PHILLIPS PETROLEUM COMPANY and does hereby irrevocably ▇▇▇▇▇▇▇ute and appoint ______________________________________________ attorney to transfer the said Note on the books of the Company, with full power of substitution in the premises. Dated:_______________ _________________________________________________________________________ Shares of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact to transfer the said stock on the books of the within-named Corporation, with full power of substitution in the premises. Dated _____________________________ ---------------------------------------------------------------------- ---------------------------------------------------------------------- NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed: __________________________________________ NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular, without alteration or enlargement or any change whatever. EXHIBIT B CUSIP NO. PRINCIPAL AMOUNT: REGISTERED NO. PHILLIPS PETROLEUM COMPANY MEDIUM-T▇▇▇ ▇▇▇▇TING RATE NOTE Due From Nine Months to 30 Years From Date of Issue Unless this certificate is presented by an authorized representative of The Depository Trust Company (55 Water Street, New York, New York) to the issuer or its ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇fer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as requested by an authorized representative of The Depository Trust Company and any payment is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein.* If applicable, the following will be completed solely for purposes of the U.S. Federal Income Tax "Original Issue Discount" rules, as that term is defined in Section 1273 of the Internal Revenue Code of 1986, as amended. This information is provided solely for the purposes of applying the U.S. Federal Income Tax Original Issue Discount ("OID") rules to the certificate and is based on an interpretation of proposed Treasury regulations. The Issue Date of this certificate is ________________. This certificate has been issued with _______________________________ *Applies to Global Notes only of OID per $1,000 of initial principal amount. The annual yield to maturity is _____% based on semi-annual compounding. The amount of OID attributable to the initial accrual period is ______________ per $1,000 of initial principal amount, contributed under the ___________________________ method as defined in proposed Treasury regulations.

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - -- as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ............................. Act..................................... in common (State) Additional abbreviations may also be used though not in the above list. Fro value received, ________________________________________________________________________________ For Value Received, ____________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ ________________________________________________________________________________ --------------------------------------- --------------------------------------- -------------------------------------------------------------------------------- (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, CODE OF ASSIGNEE) ________________________________________________________________________________ ________________________________________________________________________________ _________________________________________________________________________ Shares -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------shares of the Common Stock capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact -----------------------------------------------------------------------Attorney to transfer the said stock on the books of the within-within named Corporation, Corporation with full power of substitution in the premises. Dated _____________________________ ---------------------------------------------------------------------- ---------------------------------------------------------------------- ------------------------------- ----------------------------------------------------------------------- NOTICE: THE SIGNATURE(S) SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed: ________________________________________WHATEVER.

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - TEN--as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ............................. in common (State) Additional abbreviations may also be used though not in the above list. OPTION TO ELECT REPAYMENT The undersigned hereby irrevocably request(s) and instruct(s) the Company to repay this Note (or portion hereof specified below) pursuant to its terms at a price equal to 100% of the principal amount of this Note (or of such specified portion) together with interest on the amount to be repaid to the repayment date, to the undersigned, at: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- (Please print or typewrite name and address of the undersigned.) For this Note to be repaid in whole or in part, the Paying Agent must receive at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Floor 21 West, New York, New York 10286 (or at such other office or offices in The City of New York, New York of which the Company shall from time to time notify the Holder of this Note), not more than 60 nor less than 30 days prior to an Optional Repayment Date, if any, shown on this Note, either (i) this Note with this "Option to Elect Repayment" form duly completed or (ii) a telegram, telex, facsimile transmission or letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms hereof, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note with this "Option to Elect Repayment" form duly completed will be surrendered to the Paying Agent not later than five Business Days after the date of such telegram, telex, facsimile transmission or letter and this Note, with this form duly completed, are received by the Paying Agent by such fifth Business Day. If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which must be in denominations of $1,000 principal amount) which the Holder elects to have repaid and specify the denomination or denominations (which shall be $1,000 or an integral multiple of $1,000) of the Notes to be reissued to the Holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid). Portion to be repaid: Signature: ______________________________________________ $ ___________________________________ For Value ReceivedNotice: The signature on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular, ____________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ___without alteration or enlargement or any change whatsoever. Denomination(s) of Notes to be reissued to Holder: $ ___________________________________ ________________________________________________Date ________________________________ (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) ________________________________________________________________Signature Guarantee: ________________ ________________________________________________________________________________ _________________________________________________________________________ Shares of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact to transfer the said stock on the books of the within-named Corporation, with full power of substitution in the premises. Dated _____________________________ ---------------------------------------------------------------------- ---------------------------------------------------------------------- NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed: ________________________________________13

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - TEN--as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ............................. in common (State) Additional abbreviations may also be used though not in the above list. _____________________________________________OPTION TO ELECT REPAYMENT The undersigned hereby irrevocably request(s) and instruct(s) the Company to repay this Note (or portion hereof specified below) pursuant to its terms at a price equal to 100% of the principal amount of this Note (or of such specified portion) together with interest on the amount to be repaid to the repayment date, to the undersigned, at: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- (Please print or typewrite name and address of the undersigned.) For this Note to be repaid in whole or in part, the Paying Agent must receive at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Floor 21 West, New York, New York 10286 (or at such other place or places in The City of New York, New York of which the Company shall from time to time notify the Holder of this Note), not more than 60 nor less than 30 days prior to an Optional Repayment Date, if any, shown on this Note, either (i) this Note with this "Option to Elect Repayment" form duly completed or (ii) a telegram, telex, facsimile transmission or letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the Principal amount of this Note, the principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms hereof, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, with this "Option to Elect Repayment" form duly completed, will be surrendered to the Paying Agent not later than five Business Days after the date of such telegram, telex, facsimile transmission or letter and this Note, with this form duly completed, are received by the Paying Agent by such fifth Business Day. If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which shall be denominations of $1,000 principal amount) which the Holder elects to have repaid and specify the denomination or denominations (which shall be $1,000 or an integral multiple of $1,000) of the Notes to be issued to the Holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid). $ ___________________________________ For Value Received, Signature: __________________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______Date ________________________________ ________________________________________________________________________________ (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESSNotice: The signature on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular, INCLUDING ZIP CODE, OF ASSIGNEE) ________________________________________________________________________________ ________________________________________________________________________________ _________________________________________________________________________ Shares of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact to transfer the said stock on the books of the within-named Corporation, with full power of substitution in the premiseswithout alteration or enlargement or any change whatsoever. Dated _____________________________ ---------------------------------------------------------------------- ---------------------------------------------------------------------- NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed: ________________________________________12

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - as joint tenants with right of under Uniform Gifts to Minors survivorship and not as Act................................. tenants Act ............................. in common (State) Additional abbreviations may also be used though not in the above list. ________________________________________________________________________________ For Value Receivedvalue received, ____________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ ________________________________________________________________________________ ------------------------------------------ ------------------------------------------ -------------------------------------------------------------------------------- (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) ________________________________________________________________________________ ________________________________________________________________________________ _________________________________________________________________________ -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- ---------------------------------------------------------------------- Shares of the Common Stock common stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact ---------------------------------------------------------------------- Attorney to transfer the said stock on the books of the within-within named Corporation, Company with full power of substitution in the premises. Dated _____________________________ ---------------------------------------------------------------------- ---------------------------------------------------------------------- ------------------------ -------------------------------------------- NOTICE: THE SIGNATURE(S) SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed: ________________________________________WHATEVER.

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - as -as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ............................. Act...................... in common (State) Additional abbreviations may also be used though not in the above list. -------------------------------------------------------------------------------- For Value Received,_______________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE [ ] THE SECURITIES WHICH ARE REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AS AMENDED (THE "ACT"), AND ARE "RESTRICTED SECURITIES" AS THAT TERM IS DEFINED IN RULE 144 UNDER THE ACT. THE SECURITES HAVE BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY, AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE, AND THEY MAY NOT BE SOLD, TRANSFERRED, MADE SUBJECT TO A SECURITY INTEREST, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF, UNLESS AND UNTIL REGISTERED UNDER THE ACT, OR AN OPINION OF COUNSEL FOR THE COMPANY IS RECEIVED THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT. ________________________________________________________________________________ For Value ReceivedShares of the Common Stock represented by the within Certificate, ____________________ and do hereby sell, assign irrevocably constitute and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ appoint ________________________________________________________________________________ (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) ________________________________________________________________________________ ________________________________________________________________________________ _________________________________________________________________________ Shares of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact to transfer the said stock on the books of the within-named Corporation, with full power of substitution in the premises. Dated _____________________________ ---------------------------------------------------------------------- ---------------------------------------------------------------------- NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed: ________________________________________

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - TEN--as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ............................. in common (State) Additional abbreviations may also be used though not in the above list. ________________________________________________________________________________ For Value ReceivedOPTION TO ELECT REPAYMENT The undersigned hereby irrevocably request(s) and instruct(s) the Company to repay this Note (or portion hereof specified below) pursuant to its terms at a price equal to 100% of the principal amount of this Note (or of such specified portion) together with interest on the amount to be repaid to the repayment date, ____________________ hereby sellto the undersigned, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ ________________________________________________________________________________ (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) _at: _______________________________________________________________________________ ________________________________________________________________________________ _________________________________________________________________________ Shares of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact to transfer the said stock on the books (Please print or typewrite name and address of the within-named Corporationundersigned.) For this Note to be repaid in whole or in part, the Paying Agent must receive at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Floor 21 West, New York, New York 10286 (or at such other place or places in The City of New York, New York of which the Company shall from time to time notify the Holder of this Note), not more than 60 nor less than 30 days prior to an Optional Repayment Date, if any, shown on this Note, either (i) this Note with this "Option to Elect Repayment" form duly completed or (ii) a telegram, telex, facsimile transmission or letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the Principal amount of this Note, the principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms hereof, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, with full power this "Option to Elect Repayment" form duly completed, will be surrendered to the Paying Agent not later than five Business Days after the date of substitution such telegram, telex, facsimile transmission or letter and this Note, with this form duly completed, are received by the Paying Agent by such fifth Business Day. 7 If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which shall be denominations of $1,000 principal amount) which the Holder elects to have repaid and specify the denomination or denominations (which shall be $1,000 or an integral multiple of $1,000) of the Notes to be issued to the Holder for the portion of this Note not being repaid (in the premisesabsence of any such specification, one such Note will be issued for the portion not being repaid). Dated $ _____________________________ ---------------------------------------------------------------------- ---------------------------------------------------------------------- NOTICESignature: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed: ____________________ Date _________________________________________ NOTICE: The signature on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular, without alteration or enlargement or any change whatsoever. 8

TEN ENT. as tenants by the entireties entireries (Cust) (Minor) JT TEN - as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ............................. Act......................... in common (State) Additional abbreviations may also be used though not in the above list. ________________________________________________________________________________ For Value Received, ____________________ value received hereby sell, assign and transfer unto ---------------- PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ ________________________________________________________________________________ (-------------------------------------- ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, ADDRESS OF ASSIGNEE) ________________________________________________________________________________ ________________________________________________________________________________ _________________________________________________________________________ ASSIGNEE ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- Shares of the Common Stock --------------------------------------------------------------------- represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact ----------------------------------------------------------------- ----------------------------------------------------------------------------- Attorney to transfer the said stock shares on the books of the within-named Corporation, Corporation with full power of substitution in the premises. Dated _____________________________ ---------------------------------------------------------------------- ---------------------------------------------------------------------- Dated, --------------------- In presence of ----------------------------- -------------------------- NOTICE: THE SIGNATURE(S) SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVERWHATEVER. Signature(s) Guaranteed: ________________________________________INNES STREET FINANCIAL CORPORATION SALISBURY, NORTH CAROLINA COMMON STOCK CUSIP 45768F 10 3 INCORPORATED UNDER THE LAWS OF THE STATE OF NORTH CAROLINA SEE REVERSE FOR CERTAIN DEFINITIONS This certifies that is the registered owner of

TEN ENT. as tenants by the entireties (Cust) (Minor) JT TEN - as joint tenants with right of under Under Uniform Gifts to Minors survivorship and not as tenants Act ............................. in common Act......................... (State) Additional abbreviations may also be used though not in the above list. ________________________________________________________________________________ For Value Received, _____,_______________ hereby sellsells, assign assigns and transfer transfers unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE ______________________________________ ________________________________________________________________________________ -------------------------------------- -------------------------------------- ------------------------------------------------------------------------------ (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) ________________________________________________________________________________ ________________________________________________________________________________ _________________________________________________________________________ ------------------------------------------------------------------------------ Shares ---- of the Common Stock capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint _____________________ attorney-in-fact Attorney --- to transfer the said stock on the books of the within-within named Corporation, Corporation with full power of substitution in the premises. Dated _____________________________ ---------------------------------------------------------------------- ---------------------------------------------------------------------- NOTICE: ------------------------- X -------------------------------------- SIGNATURE GUARANTEED X -------------------------------------- THE SIGNATURE(S) SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR OF ENLARGEMENT OR ANY CHANGE WHATSOEVER. Signature(sTHE SIGNATURE(S) Guaranteed: ________________________________________SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION, (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM PURSUANT TO S.E.C. RULE 7Ad-15. EXHIBIT B Existing Agreements NEXTLINK Communications, Inc. ----------------------------- Articles of Incorporation of Nextlink Communications, Inc. dated January 14, 1997 Bylaws of Nextlink Communications, Inc. Stock Option Plan of Nextlink Communications, Inc. dated January 15, 1997 Registration Rights Agreement dated January 15, 1997 between Nextlink Communications, Inc. and the holders of Class B Common Stock named therein. EXHIBIT C Form of Nextlink Registration Rights Agreement See attached. REGISTRATION RIGHTS AGREEMENT THIS REGISTRATION RIGHTS AGREEMENT, dated as of November 3, 1997, is between NEXTLINK COMMUNICATIONS, INC., a Washington corporation (the "Company") and ▇▇▇▇▇ ▇. ▇▇▇▇▇.