Form of Consolidated Communications Holdings, Inc. 2005 Long-Term Incentive Plan Performance Stock Grant Certificate (Executive)

1. Performance Grant.

1. Acceptance by Employee.  The receipt of this Performance Stock Grant is conditioned upon the acceptance of this Certificate by the Employee.  The Employee must accept this Performance Stock Grant and Certificate by returning an executed copy to ____________ within 30 days after receipt of the Certificate.

1. Vesting.  Subject to Section 4, Employee’s interest in the restricted Stock received in accordance with Section 1 shall vest and become nonforfeitable only if Employee remains continuously employed by the Company or any Subsidiary or Affiliate until ____________, 20__, and subject to the validation of any performance or return measurement applicable to such Stock grants.

1. Forfeiture.  If Employee’s continuous employment with the Company or its Subsidiaries or Affiliates terminates for any reason whatsoever before his interest in all of the shares of Stock received pursuant to this Performance Stock Grant have become nonforfeitable under Section 3, then he shall (except

as provided in Section 15 of the Plan) forfeit all of the shares of Stock received pursuant to this Performance Stock Grant except those shares in which he has (pursuant to Section 3) a nonforfeitable interest on the date his status as an Employee so terminates.

1. Stockholder Status.  Employee shall have the right to vote the shares of Stock subject to this Performance Stock Grant.  Any dividends or other distributions of property made with respect to shares that remain subject to forfeiture under Section 3 shall be held by the Company, and Employee's rights to receive such dividends or other property shall be forfeited or shall be nonforfeitable at same time the shares of Stock with respect to which the dividends or other property are attributable are forfeited or become nonforfeitable. Except for the rights to vote the shares of restricted Stock received pursuant to this Performance Stock Grant, Employee shall have no rights as a Stockholder with respect to such shares of Stock until Employee's interest in such shares has become nonforfeitable.

1. Stock Certificates.  The Company shall issue a stock certificate for the shares of restricted Stock subject to this Performance Stock Grant in the name of Employee upon Employee's execution of the irrevocable stock power in favor of the Company attached as Exhibit B.   Alternatively, in lieu of issuing stock certificates, the Company may reflect the issuance of shares of Stock to Employee on a non-certificated basis, with the ownership of such shares of Stock by Employee evidenced solely by book entry in the records of the Company’s transfer agent.  The Secretary of the Company shall hold such stock certificate or retain such share entry representing such shares and any distributions made with respect to such shares (other than ordinary cash dividends) until such time as Employee’s interest in such shares have become nonforfeitable or have been forfeited. As soon as practicable after each date as of which his interest in any shares becomes nonforfeitable under Section 3(a), and subject to Section 7, the Company shall issue to Employee a stock certificate reflecting the shares in which his interest has become nonforfeitable on such date, or shall transfer such shares via a book entry credit to the record of Employee’s broker if so requested by Employee (together with any distributions made with respect to the shares that have been held by the Company). If shares are forfeited, the shares (together with any distributions made with respect to the shares that have been held by the Company) automatically shall revert back to the Company.

1. Stock not Transferable.  Until the Stock granted under this Certificate becomes nonforfeitable as described in Section 3, (a) the Stock may not be transferred other than by will or the applicable laws of descent or distribution or as approved by the Committee, and (b) the Stock shall not otherwise be assigned, transferred, or pledged for any purpose whatsoever and is not subject, in whole or in part, to attachment, execution or levy of any kind.  Any attempted assignment, transfer, pledge, or encumbrance of the Stock, other than in accordance with its terms, shall be void and of no effect.

1. Withholding Taxes.  If applicable, Employee shall pay to the Company an amount sufficient to satisfy all minimum Federal, state and local withholding tax requirements prior to the delivery of any certificate for shares.  Payment of such taxes may be made by one or more of the following methods:  (a) in cash; (b) in cash received from a broker-dealer to whom Employee has submitted notice together with irrevocable instructions to deliver promptly to the Company the amount of sales proceeds from the sale of the shares subject to the Performance Stock Grant to pay the withholding taxes; (c) by directing the Company to withhold such number of shares of common stock of the Company otherwise issuable in connection with the Performance Stock Grant having an aggregate fair market value equal to the minimum amount of tax required to be withheld; or (d) by delivering (either directly or through attestation) previously acquired shares of common stock of the Company that are acceptable to the Committee that have an aggregate fair market value equal to the amount required to be withheld.

1. Recoupment.  The Stock under this Certificate shall be subject to the Company’s Incentive Compensation Recoupment Policy.

1. No Right to Continue Service.  Neither the Plan, this Certificate, nor any related material shall give Employee the right to continue to be employed by the Company or its Subsidiaries or Affiliates.

1. Governing Law.  The Plan and this Certificate shall be governed by the laws of the State of Delaware.

1. Binding Effect.  This Performance Stock Grant and Certificate shall be administered in accordance with such administrative regulations as the Committee shall from time to time adopt.  It is expressly understood that the Committee is authorized to administer, construe, and make all determinations necessary or appropriate to such administration, all of which shall be binding upon the Employee.

1. Plan and Certificate.  This Performance Stock Grant is subject to all of the terms and conditions set forth in this Certificate and in the Plan.  If a determination is made that any term or condition set forth in Certificate is inconsistent with the Plan, the Plan shall control. All of the capitalized terms not otherwise defined in Certificate shall have the same meaning as in the Plan. A copy of the Plan will be made available to Employee upon written request to the corporate Secretary of the Company.