Common use of PURCHASE COMMON STOCK Clause in Contracts

PURCHASE COMMON STOCK. OF HUNGARIAN TELEPHONE AND CABLE CORP. -------------------------- This certifies that, for value received, ____________ or registered assigns ("Warrantholder"), is entitled to purchase from Hungarian Telephone & Cable Corp., a Delaware corporation (the "Company"), subject to the terms set forth below, at any time on or after the Commencement Date and prior to the Expiration Date, after which time this Warrant shall become void, ________ Warrant Shares at the Warrant Price. The Warrant Price and the number of Warrant Shares purchasable hereunder are subject to adjustment from time to time as provided herein. This Warrant is one of the Warrants evidencing the right to purchase shares of Common Stock of the Company issued pursuant to a certain Securities Purchase Agreement (the "Securities Purchase Agreement"), dated as of May 12, 1999, by and between the Company and the persons named therein, a copy of which agreement is on file at the principal office of the Company, and the holder of this Warrant shall be entitled to all of the benefits of and be bound by all of the applicable obligations of the Securities Purchase Agreement, as provided therein.

PURCHASE COMMON STOCK. OF HUNGARIAN TELEPHONE AND CABLE CORP. -------------------------- This certifies that, for value received, ____________ Postabank es Takarekpenztar Reszvenytarsasag or registered assigns ("Warrantholder"), is entitled to purchase from Hungarian Telephone & Cable Corp., a Delaware corporation (the "Company"), subject to the terms set forth below, at any time on or after the Commencement Date and prior to the Expiration Date, after which time this Warrant shall become void, ________ Warrant Shares at the Warrant Price. The Warrant Price and the number of Warrant Shares purchasable hereunder are subject to adjustment from time to time as provided herein. This Warrant is one of the Warrants evidencing the right to purchase shares of Common Stock of the Company issued pursuant to a certain Securities Purchase Agreement (the "Securities Purchase Agreement"), dated as of May 12, 1999, by and between the Company and the persons named therein, a copy of which agreement is on file at the principal office of the Company, and the holder of this Warrant shall be entitled to all of the benefits of and be bound by all of the applicable obligations of the Securities Purchase Agreement, as provided therein.