FairPoint Communications 2002 Annual Report Download - page 315

favor of Federal Finance Bank.
ANNEX VI
EXISTING INDEBTEDNESS AS OF THE ORIGINAL EFFECTIVE DATE
1. Indemnification Agreement dated July 31, 1994 among WFT Acquisition
Co., STE/NE Acquisition Corp. and Vermont Telephone Company, Inc.
2. Unsecured Demand Notes to Chautauqua and Erie Telephone Corporation
from various holders in the aggregate principal amount of $427,000.
ANNEX VII
EXISTING INVESTMENTS AS OF THE ORIGINAL EFFECTIVE DATE
A. INVESTMENTS
1. Odin Telephone Exchange, Inc. owns 2,006 shares (representing 14.29%)
of the common stock, $.01 par value of Southern Illinois Cellular
Corp. ("SICC"), which provides cellular telephone services within
certain restricted areas of central and southern Illinois.
2. The following entities own shares of Rural Telephone Bank:
- Sunflower Telephone Company, Inc.- 571 Class C shares
- Sidney Telephone Company - 131 Class C shares
- Northland Telephone Company of Maine, Inc. - 2,176 Class C shares
- Big Sandy Telecom, Inc. - 5 Class C shares
- Odin Telephone Exchange, Inc. - 33 Class C
- C-R Telephone Company - 18 Class C shares
3. ST Enterprises, Ltd. owns 1 share of Dodge City Country Club.
4. The Company and/or the Subsidiaries will invest from time to time in
various short-term investments, including without limitation,
commercial paper and certificates of deposit.
5. FairPoint Communications, Inc. has ownership in CoBank in the form of
a Class B Participation Certificate in the amount of $4,902,757.
6. MJD Ventures, Inc. holds Patronage Capital Certificates in Rural
Telephone Finance Corporation in the amount of $30,188.00.
7. MJD Ventures, Inc. owns 6.67% of the Illinois Valley Cellular RSA 2-I
Partnership, an Illinois General Partnership, which provides cellular
telephone services within certain restricted areas of north central
Illinois.
8. MJD Ventures, Inc. owns 6.67% of Illinois Valley Cellular RSA 2-II
Partnership, an Illinois General Partnership, which provides cellular
telephone services within certain restricted areas of north central
Illinois.
9. MJD Ventures, Inc. owns 6.67% of the Illinois Valley Cellular RSA
2-III Partnership, an Illinois General Partnership, which provides
cellular telephone services within certain restricted areas of north
central Illinois.
10. MJD Ventures, Inc. owns 700 shares (12.5%) of Illinois Valley Cellular
RSA 2, Inc., an Illinois corporation, which provides switching
services to the Illinois Valley Cellular RSA 2-I, 2-II and 2-III
Partnerships described above.