EXHIBIT 10.24
TELECOM DISTRIBUTION AGREEMENT
This Distribution Agreement ("Agreement") is dated as of January 1, 2000
between Unwired Telecom Corp. ("Telecom") and US Unwired Inc. ("Unwired").
Recitals
1. Telecom is the wholly-owned subsidiary of Unwired.
2. Pursuant to a Distribution Agreement dated contemporaneously
herewith, Meretel Communications Limited Partnership ("Meretel") distributed to
certain of its limited partners, including Telecom, an undivided interest in
certain assets, and the distributees assumed an undivided interest in certain
liabilities and obligations of Meretel (collectively, the "Undivided
Interest").
3. Telecom desires to convey all of its rights, liabilities and
obligations under the Undivided Interest to Unwired as its sole shareholder, and
Unwired desires to accept such Undivided Interest and assume the Undivided
Interest.
NOW, THEREFORE, Telecom and Unwired hereby agree as follows:
Agreement
Telecom hereby distributes, transfers and conveys to Unwired all of its
rights, liabilities and obligations under the Undivided Interest, and Unwired
agrees to accept and to be bound by and assume the Undivided Interest.
Unwired Telecom Corp.
By: /s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
Secretary
US Unwired Inc.
By: /s/ Xxxxxx Xxxxx
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Xxxxxx Xxxxx
