FairPoint Communications 2004 Annual Report Download - page 347

ANNEX V
EXISTING LIENS
A. Liens on Capital Stock and Other Equity Interests of FairPoint Communications, Inc. and the Subsidiaries
1. Under Kansas law, the minority stockholders of Sunflower Telephone Company, Inc. have the right to participate in any issuance of
stock by Sunflower Telephone Company, Inc. on a pro rata basis.
Mortgages
2. Supplemental Mortgage and Security Agreement dated as of May 6, 1975 by Taconic Telephone Corp. in favor of the United States of
America (as filed in Columbia, Dutchess and Rensselaer Counties, New York).*
3. Mortgage and Security Agreement dated as of June 7, 1960 by Yelm Telephone Company in favor of the Rural Electrification
Administration.*
4. Supplemental Mortgage and Security Agreement dated as of October 8, 1977 by Yelm Telephone Company in favor of the Rural
Electrification Administration and Rural Telephone Bank.*
5. Restated Mortgage, Security Agreement, and Financing Statement dated as of December 12, 1994 in favor of the Rural Electrification
Administration. *
6. Supplemental Mortgage and Security Agreement dated as of July 20, 1994 by Maine Telephone Company in favor of the Rural Telephone
Finance Cooperative.
Liens on Tangible Personal Property of the Company and its Subsidiaries
7. Liens on the capital stock of the Subsidiaries as described in Annex V(A).
8. Liens on all tangible personal property of Taconic Telephone Corp. in favor of the United States of America.*
9. Liens on all tangible personal property of Yelm Telephone Company in favor of Rural Electrification Administration.*
10. Liens on all tangible personal property of Yelm Telephone Company in favor of Rural Electrification Administration and Rural Telephone
Bank.*
11. Liens on all tangible personal property of Maine Telephone Company in favor of Rural Telephone Finance Cooperative.
* To be released post-closing in accordance with Section 11.18 of the Credit Agreement.