AMENDMENT DATED AS OF MAY 9, 1991,
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 650 Series A
Common Shares from the voting trust, by written instrument delivered to the
Trustees prior to December 31, 1991, 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 notice) 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: 6/13/91 /s/ Xxxxxx X.X. Xxxxxxx
__________ ____________________________________________
Xxxxxx X.X. Xxxxxxx, Trustee (2 votes)
Dated: 6/19/91 /s/ Xxxxxxx X.X. Xxxxxxx
__________ ____________________________________________
Xxxxxxx X.X. Xxxxxxx, Trustee (2 votes)
Dated: 6/17/91 /s/ XxXxx X. Xxxxxxx, Xx.
__________ ____________________________________________
XxXxx X. Xxxxxxx, Xx., Trustee (2 votes)
Dated: 6/24/91 /s/ Xxxxxxx X. Xxxxx
__________ ____________________________________________
Xxxxxxx X. Xxxxx, Trustee (1 vote)
Dated: 6/17/91 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Trustee (2 votes)
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF MAY 9, 1991, 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: 7/22/91 /s/ Xxxxxx Xxxxxxxx
__________ ____________________________________________
Xxxxxx Xxxxxxxx,
custodian for Xxxxx Xxxxxxxx,
Certificate Holder
Dated: 7/22/91 /s/ Xxxxxx Xxxxxxxx
__________ ____________________________________________
Xxxxxx Xxxxxxxx,
custodian for Xxxxxx Xxxxx,
Certificate Holder
Dated:
__________ ____________________________________________
Xxxx Xxxxxxxx, Certificate Holder
Dated: 7/13/91 /s/ Xxxxxxxx Xxxxxxxx, Custodian
__________ ____________________________________________
Xxxxxxxx Xxxxxxxx,
custodian for Xxx Xxxxxxxx,
Certificate Holder
Dated: 7/13/91 /s/ Xxxxxxxx Xxxxxxxx, Custodian
__________ ____________________________________________
Xxxxxxxx Xxxxxxxx,
custodian for Xxxx Xxxxxxxx,
Certificate Holder
Dated: 7/10/91 /s/ K.C. August
__________ ____________________________________________
K.C. August, Certificate Holder
Dated: 6/17/91 /s/ XxXxx X. Xxxxxxx
__________ ____________________________________________
XxXxx X. Xxxxxxx, Certificate Holder
Dated: 6/30/91 /s/ Xxxxxxxx X. Xxxxxxx
__________ ____________________________________________
Xxxxxxxx X. Xxxxxxx, Certificate Holder
Dated: 6/17/91 /s/ XxXxx X. Xxxxxxx, Xx.
__________ ____________________________________________
XxXxx X. Xxxxxxx, Xx., Certificate
Holder
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF MAY 9, 1991, TO THE VOTING TRUST
AGREEMENT DATED AS OF JUNE 30, 1989
-3-
/s/ XxXxx X. Xxxxxxx, Xx., custodian
Dated: 6/17/91 for Xxxxxxx X.X. Xxxxxxx
__________ ____________________________________________
XxXxx X. Xxxxxxx, Xx.,
custodian for Xxxxxxx X.X. Xxxxxxx,
Certificate Holder
/s/ Xxxxxxxxx Xxxxx, custodian for
Dated: 7/7/91 Xxxxxxx X.X. Xxxxxxx
__________ ____________________________________________
Xxxxxxxxx Xxxxx,
custodian for Xxxxxxx X.X. Xxxxxxx,
Certificate Holder
/s/ Xxxxx Xxxxx, trustee for Xxxxxxx
Dated: X.X. Xxxxxxx
__________ ____________________________________________
Xxxxx Xxxxx, trustee for Xxxxxxx X.X.
Xxxxxxx, Certificate Holder
/s/ XxXxx X. Xxxxxxx, Xx., custodian for
Dated: 7/17/91 Xxx P.M. Xxxxxxx
__________ ____________________________________________
XxXxx X. Xxxxxxx, Xx.,
custodian for Xxx P.M. Xxxxxxx,
Certificate Holder
/s/ Xxxxx Xxxxx, trustee for Xxx P.M.
Dated: Xxxxxxx
__________ ____________________________________________
Xxxxx Xxxxx, trustee for Xxx P.M.
Xxxxxxx, Certificate Holder
Dated: 7/7/91 /s/ Xxxxxxxxx Xxxxx
__________ ____________________________________________
Xxxxxxxxx Xxxxx, Certificate Holder
Dated: 6/19/91 /s/ Xxxxxxx X. X. Xxxxxxx
__________ ____________________________________________
Xxxxxxx X. X. Xxxxxxx, Certificate
Holder
Dated: 6/19/91 /s/ Xxxxx Xxxxxxx
__________ ____________________________________________
Xxxxx Xxxxxxx, Certificate Holder
Dated: 6/27/91 /s/ Xxxxxxxx X. Xxxxxxx
__________ ____________________________________________
Xxxxxxxx X. Xxxxxxx, Certificate Holder
Dated: 6/27/91 /s/ Xxxxxxx Xxxxxxx
__________ ____________________________________________
Xxxxxxx Xxxxxxx, Certificate Holder
Dated: 6/13/91 /s/ Xxxxxx X.X. Xxxxxxx
__________ ____________________________________________
Xxxxxx X.X. Xxxxxxx, Certificate Holder
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF MAY 9, 1991, TO THE VOTING TRUST
AGREEMENT DATED AS OF JUNE 30, 1989
-4-
Dated: 6/13/91 /s/ Xxxxxx X.X. Xxxxxxx, Custodian
__________ ____________________________________________
Xxxxxx X.X. Xxxxxxx,
custodian for Xxxxxx Xxx xx Xxxxx
Xxxxxxx, Certificate Holder
/s/ Xxxxx Xxxxx, trustee for Xxxxxx X.
Dated: xx Xxxxx
__________ ____________________________________________
Xxxxx Xxxxx, trustee for Xxxxxx X.
xx Xxxxx, Certificate Holder
Dated: 6/13/91 /s/ Xxxxxx X.X. Xxxxxxx, Custodian
__________ ____________________________________________
Xxxxxx X.X. Xxxxxxx, custodian for Xxxxx
X. xx Xxxxx Xxxxxxx, Certificate
Holder
/s/ Xxxxx Xxxxx, trustee for Xxxxx X.
Dated: xx Xxxxx Xxxxxxx
__________ ____________________________________________
Xxxxx Xxxxx, trustee for Xxxxx X. xx
Xxxxx Xxxxxxx, Certificate Holder
Dated: 6/13/91 /s/ Xxxxxx X.X. Xxxxxxx, Custodian
__________ ____________________________________________
Xxxxxx X.X. Xxxxxxx, custodian for
Xxxxxx Xxxxx xx Xxxxx Xxxxxxx,
Certificate Holder
Dated: 7/15/91 /s/ Xxxxxx X. xx Xxxxx
__________ ____________________________________________
Xxxxxx X. xx Xxxxx, Certificate Holder
Dated: 7/18/91 /s/ Xxxxxx X. Xxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxx, Certificate Holder
Dated: 6/24/91 /s/ Xxxxxxx X. Xxxxx
__________ ____________________________________________
Xxxxxxx X. Xxxxx, Certificate Holder
Dated: 7/6/91 /s/ Xxxxxxxx Xxxxxxx
__________ ____________________________________________
Xxxxxxxx Xxxxxxx, Certificate Holder
Dated: 6/25/91 /s/ Xxxxxx X. Xxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxx Trust, Certificate
Holder
Dated: 7/7/91 /s/ Xxxxxxx Xxxxxxx
__________ ____________________________________________
Xxxxxxx Xxxxxxx Trust, Certificate
Holder
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF MAY 9, 1991, TO THE VOTING TRUST
AGREEMENT DATED AS OF JUNE 30, 1989
-5-
Dated: 9/05/91 /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx
__________ ____________________________________________
Xxxxxx Xxxxxxx & Xxxxxx Xxxxxxx,
Certificate Holder
Dated: 7/7/91 /s/ Xxxx Xxxxxxx
__________ ____________________________________________
Xxxx Xxxxxxx, Certificate Holder
Dated: 7/7/91 /s/ Laurel Xxx Xxxxxxx
__________ ____________________________________________
Laurel Xxx Xxxxxxx, Certificate Holder
Dated: 7/18/91 /s/ Xxxx Xxxxxxxxx
__________ ____________________________________________
Xxxx Xxxxxxxxx, Certificate Holder
Dated:
__________ ____________________________________________
Xxxxxx Xxxxxxxxx, custodian for Xxxx
Xxxxxxxxx, Certificate Holder
Dated: 7/18/91 /s/ Xxxx Xxxxxxx
__________ ____________________________________________
Xxxx Xxxxxxx, custodian for Xxxx
Xxxxxxxxx, Certificate Holder
Dated:
__________ ____________________________________________
Xxxxxx Xxxxxxxxx, custodian for Xxxx
Xxxxxxxxx, Certificate Holder
Dated: 7/18/91 /s/ Xxxx Xxxxxxx
__________ ____________________________________________
Xxxx Xxxxxxx, custodian for Xxxx
Xxxxxxxxx, Certificate Holder
Dated:
__________ ____________________________________________
Xxxxxx Xxxxxxxxx, custodian for Xxxxxx
Xxxxxxxxx, Certificate Holder
Dated: 7/18/91 /s/ Xxxx Xxxxxxx
__________ ____________________________________________
Xxxx Xxxxxxx, custodian for Xxxxxx
Xxxxxxxxx, Certificate Holder
Dated: 6/17/91 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Certificate Holder
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF MAY 9, 1991, TO THE VOTING TRUST
AGREEMENT DATED AS OF JUNE 30, 1989
-6-
Dated: 6/17/91 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Trustee U/A
dated 1/1/56 for
Xxxxxx X.X. Xxxxxxx,
Certificate Holder
Dated: 6/17/91 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Trustee U/A
dated 10/24/60 for
Xxxxxxx X.X. Xxxxxxx,
Certificate Holder
Dated: 6/17/91 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Trustee U/A
12/28/72, Certificate Holder
Dated: 6/17/91 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Trustee U/A
date 12/31/76, Certificate
Holder
Dated: 6/17/91 /s/ Xxxxxx X. Xxxxxxxxx
__________ ____________________________________________
Xxxxxx X. Xxxxxxxxx, Trustee Lead
Annuity Trust for Wellesley
College, Certificate Holder
/s/ Xxxxx Xxxxx, Custodian for Xxxxxxx
Dated: X. Xxxxx
__________ ____________________________________________
Xxxxx Xxxxx, custodian for Xxxxxxx X.
Xxxxx, Certificate Holder
/s/ Xxxxx Xxxxx, Custodian for Xxxxxx
Dated: X. Xxxxx
__________ ____________________________________________
Xxxxx Xxxxx, custodian for Xxxxxx X.
Xxxxx, Certificate Holder
Dated: Sept. 4, 1991 /s/ Xxxxxxxx Xxxxx Xxxx X. Xxxxx
__________ ____________________________________________
Xxxxxxxx Xxxxx & Xxxx X. Xxxxx '81
Trust, Certificate Holder
Dated: 7/15/91 /s/ Xxxx Xxxx Xxxxx
__________ ____________________________________________
Xxxx Xxxx Xxxxx, Certificate Holder
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF MAY 9, 1991, TO THE VOTING TRUST
AGREEMENT DATED AS OF JUNE 30, 1989
-7-
Dated: 9-9-91 /s/ Xxxxxxx Xxxxx
__________ ____________________________________________
Xxxxxxx Xxxxx, Certificate Holder
Dated: 7/21/91 /s/ Xxxx X. Xxxxx cust for Xxxxxxxxx
__________ ____________________________________________
Xxxx X. Xxxxx, custodian for Xxxxxxxxx
X. Xxxxx, Certificate Holder
Dated: 7/21/91 /s/ Xxxx X. Xxxxx cust for Xxxxxxx
__________ ____________________________________________
Xxxx X. Xxxxx, custodian for Xxxxxxx X.
Xxxxx, Certificate Holder
SIGNATURE PAGE TO THE AMENDMENT DATED AS OF MAY 9, 1991, TO THE VOTING TRUST
AGREEMENT DATED AS OF JUNE 30, 1989
-8-
