ASSUMPTION AGREEMENT
KNOW ALL PEOPLE BY THESE PRESENTS that from and after the date of
this Assumption Agreement, Aquis Communications, Inc. ("Buyer"), intending to be
legally bound and in consideration of the transfers to Buyer by Bell Atlantic -
Delaware, Inc. ("BA-DE"), Bell Atlantic - Maryland, Inc. ("BA-MD"), Bell
Atlantic - New Jersey, Inc. ("BA-NJ"), Bell Atlantic - Pennsylvania, Inc.
("BA-PA"), Bell Atlantic - Virginia, Inc. ("BA-VA"), Bell Atlantic - Washington,
D.C., Inc. ("BA- DC"), Bell Atlantic - West Virginia, Inc. ("BA-WV", and
together with BA-DE, BA-MD, BA-NJ, BA-PA, BA-VA and BA-DC, the "OTCs") and Bell
Atlantic Paging, Inc. ("BAPCO", and together with the OTCs, the "Sellers") of
the Purchased Assets in accordance with an Asset Purchase Agreement dated July
2, 1998 (the "Purchase Agreement") by and among Buyer and Sellers, hereby
assumes the due payment, performance and discharge of the Assumed Liabilities,
and agrees to indemnify and hold Sellers harmless to the extent provided in the
Purchase Agreement, from and against any and all claims, damages, losses,
actions, liabilities, obligations, costs and expenses of any nature whatsoever
(including reasonable attorney's fees) arising out of the Assumed Liabilities.
Capitalized terms used herein but not defined shall have the meanings assigned
to them in the Purchase Agreement.
It is understood and agreed that Buyer is not, by this or any other
instrument, assuming any obligation or liability of Sellers other than the
Assumed Liabilities and that Sellers continue to be liable for any and all
obligations and liabilities of Sellers that are not Assumed Liabilities.
In the event of any conflict or inconsistency between this agreement
and the Purchase Agreement, the terms of the Purchase Agreement shall supersede
this Assumption Agreement and shall be controlling.
IN WITNESS WHEREOF, Xxxxx and Xxxxxxx have duly executed and
delivered this instrument the 31st day of December, 1998.
Aquis Communications, Inc.
By: /s/ Xxxx X. Xxxxxxxx
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Xxxx X. Xxxxxxxx, President
Bell Atlantic - Delaware, Inc. Bell Atlantic - Pennsylvania, Inc.
By: /s/ Xxxxx X. Xxxx By: /s/ Xxxxx X. Xxxx
------------------------------- -----------------------------------
Xxxxx X. Xxxx, Controller Xxxxx X. Xxxx, Controller and
Chief Financial Officer
Bell Atlantic - Maryland, Inc. Bell Atlantic - Virginia, Inc.
By: /s/ Xxxxx X. Xxxx By: /s/ Xxxxx X. Xxxx
------------------------------- -----------------------------------
Xxxxx X. Xxxx, Controller Xxxxx X. Xxxx, Controller
Bell Atlantic - New Jersey, Inc. Bell Atlantic - Washington, D.C., Inc.
By: /s/ Xxxxx X. Xxxx By: /s/ Xxxxx X. Xxxx
------------------------------- -----------------------------------
Xxxxx X. Xxxx, Xxxxx X. Xxxx, Controller
Chief Financial Officer
Bell Atlantic - West Virginia, Inc.
By: /s/ Xxxxx X. Xxxx
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Xxxxx X. Xxxx, Principal
Financial Officer and Controller
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Bell Atlantic Paging, Inc.
By: /s/ Xxxxxx X. Xxxxxxxx
-----------------------------------
Xxxxxx X. Xxxxxxxx, President
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