AMENDMENT DATED AS OF NOVEMBER 20, 1992,
TO THE
VOTING TRUST AGREEMENT
DATED AS OF JUNE 30, 1989
A Voting Trust Agreement ("Agreement") was entered into as of June 30,
1989, between certain holders of the Series A Common Shares, par value $1.00 per
share, of Telephone and Data Systems, Inc., an Iowa corporation ("Certificate
Holders"), and WALTER C.D. XXXXXXX, XXXXXXX X.X. XXXXXXX, XXXXX X. XXXXXXX, XX.,
XXXXXXX X. XXXXX AND XXXXXX X. XXXXXXXXX, as Trustees.
Paragraph 8.5 of the Agreement provides that the Agreement may be
amended upon the consent in writing of an eight-vote majority of the Trustees
and no less than ninety percent (90%) in interest of the Certificate Holders of
record. Pursuant to paragraph 8.5 of the Agreement, the Agreement is hereby
amended as follows:
XXXXX X. XXXXXXX shall be permitted to withdraw up to 1,500 Series A
Common Shares from the voting trust, by written instrument delivered to the
Trustees prior to June 30, 1993, and upon his surrender of the corresponding
number of Voting Trust Certificates, without the conversion of such shares into
Common Shares and without notice of such withdrawal to the Trustees (other than
such written instrument) or to any other Certificate Holder. Furthermore,
paragraph 3.2 of the Agreement (relating to the granting of options) shall not
apply to any withdrawal pursuant to the preceding sentence.
IN WITNESS WHEREOF, the following Trustees signify their approval of
the foregoing amendment as of the date set opposite the name of each such
Trustee.
Dated: NOVEMBER 20,1992 /s/ Xxxxxx X.X. Xxxxxxx
___________________________________________
Xxxxxx X.X. Xxxxxxx, Trustee (2 votes)
Dated: NOVEMBER 24, 1992 /s/ Xxxxxxx X.X. Xxxxxxx
___________________________________________
Xxxxxxx X.X. Xxxxxxx, Trustee (2 votes)
Dated: NOV. 24, 1992 /s/ XxXxx X. Xxxxxxx, Xx.
___________________________________________
XxXxx X. Xxxxxxx, Xx., Trustee (2 votes)
Dated: 11-24-92 /s/ Xxxxxxx X. Xxxxx
__________________________________________
Xxxxxxx X. Xxxxx, Trustee (1 vote)
Dated: 11/20/92 /s/ Xxxxxx X. Xxxxxxxxx, trustee
____________________________________________
Xxxxxx X. Xxxxxxxxx, Trustee (2 votes)
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF NOVEMBER 20, 1992, TO THE VOTING
TRUST AGREEMENT DATED AS OF JUNE 30, 1989.
-2-
IN WITNESS WHEREOF, the following Certificate Holders signify their
approval of the foregoing amendment as of the date set opposite the name of each
such Certificate Holder.
Dated: 12/3/92 /s/ Xxxxxx Xxxxxxxx
__________ ___________________________________________
Xxxxxx Xxxxxxxx,
custodian for Xxxxx Xxxxxxxx,
Certificate Holder
Dated: 12/3/92 /s/ Xxxxxx Xxxxxxxxx
__________ ____________________________________________
Xxxxxx Xxxxxxxx,
custodian for Xxxxxx Xxxxx,
Certificate Holder
Dated: __________ ____________________________________________
Xxxx Xxxxxxxx, Certificate Holder
/s/ Xxxxxxxx Xxxxxxxx, custodian for
Dated: 11/29/92 Xxx Xxxxxxxx
____________________________________________
Xxxxxxxx Xxxxxxxx,
custodian for Xxx Xxxxxxxx,
Certificate Holder
/s/ Xxxxxxxx Xxxxxxxx, custodian for
Dated: 11/29/92 Xxxx Xxxxxxxx
____________________________________________
Xxxxxxxx Xxxxxxxx,
custodian for Xxxx Xxxxxxxx,
Certificate Holder
Dated: /s/ K.C. August
___________ ____________________________________________
K.C. August, Certificate Holder
Dated: /s/ XxXxx X. Xxxxxxx
____________ ____________________________________________
XxXxx X. Xxxxxxx, Certificate Holder
Dated: /s/ Xxxxxxxx X. Xxxxxxx
____________ ____________________________________________
Xxxxxxxx X. Xxxxxxx, Certificate Holder
Dated:Nov. 24, 1992 /s/ XxXxx X. Xxxxxxx, Xx.
____________________________________________
XxXxx X. Xxxxxxx, Xx., Certificate
Holder
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF NOVEMBER 20, 1992, TO THE VOTING
TRUST AGREEMENT DATED AS OF JUNE 30, 1989.
-3-
/s/ XxXxx X. Xxxxxxx, Xx., custodian
Dated: NOV. 24, 1992 for Xxxxxxx Xxxxxxx
_______________ ____________________________________________
XxXxx X. Xxxxxxx, Xx.,
custodian for Xxxxxxx X.X. Xxxxxxx,
Certificate Holder
/s/ Xxxxxxxxx Xxxxx, custodian for
Dated: 11/25/92 Xxxxxxx X.X. Xxxxxxx, Certificate Holder
_________ ____________________________________________
Xxxxxxxxx Xxxxx,
custodian for Xxxxxxx X.X. Xxxxxxx,
Certificate Holder
Dated: 11/23/92 /s/ Xxxxx Xxxxx, Trustee
_________ ____________________________________________
Xxxxx Xxxxx, trustee for Xxxxxxx X.X.
Xxxxxxx, Certificate Holder
/s/ XxXxx X. Xxxxxxx, Xx., custodian for
Dated: NOV. 24, 1992 Xxx Xxxxxxx
______________ ____________________________________________
XxXxx X. Xxxxxxx, Xx.,
custodian for Xxx P.M. Xxxxxxx,
Certificate Holder
Dated: 11/23/92 /s/ Xxxxx Xxxxx, Trustee
___________ ____________________________________________
Xxxxx Xxxxx, trustee for Xxx P.M.
Xxxxxxx, Certificate Holder
Dated: 11/25/92 /s/ Xxxxxxxxx Xxxxx
__________ ____________________________________________
Xxxxxxxxx Xxxxx, Certificate Holder
Dated: 11/24/92 /s/ Xxxxxxx X. X. Xxxxxxx
_________ ____________________________________________
Xxxxxxx X. X. Xxxxxxx, Certificate
Holder
Dated: 11/28/92 /s/ Xxxxx Xxxxxxx
__________ ____________________________________________
Xxxxx Xxxxxxx, Certificate Holder
Dated: /s/ Xxxxxxxx X. Xxxxxxx
___________ ____________________________________________
Xxxxxxxx X. Xxxxxxx, Certificate Holder
Dated: /s/ Xxxxxxx Xxxxxxx
___________ ___________________________________________
Xxxxxxx Xxxxxxx, Certificate Holder
Dated: 11/23/92 /s/ Xxxxxx X.X. Xxxxxxx
__________ ____________________________________________
Xxxxxx X.X. Xxxxxxx, Certificate Holder
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF NOVEMBER 20, 1992, TO THE VOTING
TRUST AGREEMENT DATED AS OF JUNE 30, 1989.
-4-
Dated: 11/23/92 /s/ Xxxxxx X.X. Xxxxxxx, Custodian
_________ ____________________________________________
Xxxxxx X.X. Xxxxxxx,
custodian for Xxxxxx Xxx xx Xxxxx
Xxxxxxx, Certificate Holder
Dated: 11/23/92 /s/ Xxxxx Xxxxx, Trustee
__________ ____________________________________________
Xxxxx Xxxxx, trustee for Xxxxxx X.
xx Xxxxx, Certificate Holder
Dated: 11/23/92 /s/ Xxxxxx X.X. Xxxxxxx, Custodian
__________ ____________________________________________
Xxxxxx X.X. Xxxxxxx, custodian for Xxxxx
X. xx Xxxxx Xxxxxxx, Certificate
Holder
Dated: 11/23/92 /s/ Xxxxx Xxxxx, Trustee
__________ ____________________________________________
Xxxxx Xxxxx, trustee for Xxxxx X. xx
Xxxxx Xxxxxxx, Certificate Holder
Dated: 11/23/92 /s/ Xxxxxx X.X. Xxxxxxx, Custodian
__________ ____________________________________________
Xxxxxx X.X. Xxxxxxx, custodian for
Xxxxxx Xxxxx xx Xxxxx Xxxxxxx,
Certificate Holder
Dated:___________ ____________________________________________
Xxxxxx X. xx Xxxxx, Certificate Holder
Dated: ___________ ____________________________________________
Xxxxxx X. Xxxxxxx, Certificate Holder
Dated: 11-24-92 /s/ Xxxxxxx X. Xxxxx
__________ ____________________________________________
Xxxxxxx X. Xxxxx, Certificate Holder
Dated: 12/16/92 /s/ Xxxxxxxx Xxxxxxx
__________ ____________________________________________
Xxxxxxxx Xxxxxxx, Certificate Holder
Dated: 12/1/92 /s/ Xxxxxx X. Xxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxx Trust, Certificate
Holder
Dated: 12/1/92 /s/ Xxxxxxx X. Xxxxxxx
__________ ____________________________________________
Xxxxxxx Xxxxxxx Trust, Certificate
Holder
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF NOVEMBER 20, 1992, TO THE VOTING
TRUST AGREEMENT DATED AS OF JUNE 30, 1989.
-5-
Dated: /s/ Xxxxxx Xxxxxxx & Xxxxxx Xxxxxxx
__________ ____________________________________________
Xxxxxx Xxxxxxx & Xxxxxx Xxxxxxx,
Certificate Holder
Dated: 12/1/92 /s/ Xxxx Xxxxxxx
__________ ____________________________________________
Xxxx Xxxxxxx, Certificate Holder
Dated: /s/ Laurel Xxx Xxxxxxx
__________ ____________________________________________
Laurel Xxx Xxxxxxx, Certificate Holder
Dated:
__________ ____________________________________________
Xxxx Xxxxxxxxx, Certificate Holder
Dated:
__________ ____________________________________________
Xxxxxx Xxxxxxxxx, custodian for Xxxx
Xxxxxxxxx, Certificate Holder
Dated: /s/ Xxxx Xxxxxxx
__________ ____________________________________________
Xxxx Xxxxxxx, custodian for Xxxx
Xxxxxxxxx, Certificate Holder
Dated:
__________ ____________________________________________
Xxxxxx Xxxxxxxxx, custodian for Xxxx
Xxxxxxxxx, Certificate Holder
Dated: /s/ Xxxx Xxxxxxx
__________ ____________________________________________
Xxxx Xxxxxxx, custodian for Xxxx
Xxxxxxxxx, Certificate Holder
Dated:
__________ ____________________________________________
Xxxxxx Xxxxxxxxx, custodian for Xxxxxx
Xxxxxxxxx, Certificate Holder
Dated: /s/ Xxxx Xxxxxxx
__________ ____________________________________________
Xxxx Xxxxxxx, custodian for Xxxxxx
Xxxxxxxxx, Certificate Holder
Dated: 11/20/92 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Certificate Holder
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF NOVEMBER 20, 1992, TO THE VOTING
TRUST AGREEMENT DATED AS OF JUNE 30, 1989.
-6-
Dated: 11/20/92 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Trustee U/A
dated 1/1/56 for
Xxxxxx X.X. Xxxxxxx,
Certificate Holder
Dated: 11/20/92 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Trustee U/A
dated 10/24/60 for
Xxxxxxx X.X. Xxxxxxx,
Certificate Holder
Dated: 11/20/92 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Trustee U/A
12/28/72, Certificate Holder
Dated: 11/20/92 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Trustee U/A
date 12/31/76, Certificate
Holder
Dated: 11/20/92 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Trustee Lead
Annuity Trust for Wellesley
College, Certificate Holder
Dated:
__________ ____________________________________________
Xxxxx Xxxxx, custodian for Xxxxxxx X.
Xxxxx, Certificate Holder
Dated:
__________ ____________________________________________
Xxxxx Xxxxx, custodian for Xxxxxx X.
Xxxxx, Certificate Holder
Dated: /s/ Xxxxxxxx Xxxxx Xxxx X. Xxxxx
__________ ____________________________________________
Xxxxxxxx Xxxxx & Xxxx X. Xxxxx '81
Trust, Certificate Holder
Dated: 11/27/92 /s/ Xxxx Xxxx Xxxxx
__________ ____________________________________________
Xxxx Xxxx Xxxxx, Certificate Holder
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF NOVEMBER 20, 1992, TO THE VOTING
TRUST AGREEMENT DATED AS OF JUNE 30, 1989
-7-
Dated: 11-23-92 /s/ Xxxxxxx Xxxxx
__________ ____________________________________________
Xxxxxxx Xxxxx, Certificate Holder
/s/ Xxxx X. Xxxxx cust for Xxxxxxxxx
Dated: / /92 X. Xxxxx
__________ ____________________________________________
Xxxx X. Xxxxx, custodian for Xxxxxxxxx
X. Xxxxx, Certificate Holder
/s/ Xxxx X. Xxxxx cust for Xxxxxxx
Dated: / /92 X. Xxxxx
__________ ____________________________________________
Xxxx X. Xxxxx, custodian for Xxxxxxx X.
Xxxxx, Certificate Holder
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF NOVEMBER 20, 1992, TO THE VOTING
TRUST AGREEMENT DATED AS OF JUNE 30, 1989.
-8-
