EXHIBIT 10.10
ASSIGNMENT AND ASSUMPTION AGREEMENT
THIS ASSIGNMENT AND ASSUMPTION AGREEMENT ("Agreement") is entered into
by and between Milwaukee PCS, LLC, Milwaukee Acquisition Subsidiary, Inc.
(collectively, "Assignors")(each and affiliates of AT&T Wireless PCS, LLC
("AT&T")) and TeleCorp PCS, Inc., a Delaware corporation ("Assignee").
RECITALS
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WHEREAS, under the terms of an Agreement and Plan of Reorganization and
Contribution by and among Assignee, Tritel, Inc. and AT&T, dated February 28,
2000 (the "Tritel Merger Agreement"), AT&T has agreed to assign or cause the
Assignors to assign all of its or their right, title and interest in and to that
certain Agreement and Plan of Merger by and among Assignors, Indus, Inc. and
Xxxxxx X. Xxx, dated February 26, 2000 (the "Indus Merger Agreement"); and
WHEREAS, Assignors wish to assign and Assignee wishes to assume all of
Assignors' right title and interest in and to the Indus Merger Agreement.
NOW THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:
1. Assignment. Subject to the terms and conditions of the Tritel Merger
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Agreement, Assignor does hereby assign, transfer and convey to Assignee, its
successors and assigns to and for its or their use forever, all right, title and
interest of Assignors in and to the Indus Merger Agreement, including without
limitation, all of the benefits of such agreement, and the covenants,
conditions, stipulations and remedies for enforcement thereunder.
2. Assumption. Assignee accepts assignment to it by the Assignors of
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all of Assignors' right, title and interest in and to the Indus Merger
Agreement, and assumes all of the obligations and liabilities imposed by the
Indus Agreement upon the Assignors, and generally agrees to take the place of
the Assignors under the Indus Merger Agreement, to the same effect as if
TeleCorp had originally executed such agreement.
3. Counterparts. This Agreement may be executed in one or more
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counterparts, each of which shall be deemed an original and all of which
together shall constitute one and the same instrument.
4. Miscellaneous. All the covenants terms and conditions set forth
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herein shall be binding upon and inure to the benefit of the parties and their
respective successors and assigns. This Agreement shall be governed by the laws
of the State of New York.
IN WITNESS WHEREOF, the parties hereto have executed this Assignment
and Assumption Agreement of this _________ day of ___________, 2000.
MILWAUKEE PCS, LLC
By:_______________________________
Name:_____________________________
Its:_______________________________
MILWAUKEE ACQUISITION SUBSIDIARY, INC.
By:_______________________________
Name:_____________________________
Its:_______________________________
TELECORP PCS, INC.
By:_______________________________
Name:_____________________________
Its:_______________________________
