Company: UZF
Filing Date: 2025-01-23
Form Type: DEFM14C
Source: 0000821130-25-000013
Chunk: 31

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-01-23
Form: DEFM14C
Chunk 31
---
. The description of the Agreement and the AT&T Transactions does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Agreement, a copy of which is attached hereto as Annex A and incorporated herein by reference.

#### Transaction Structure and Purchase Price
The Company and the Sellers have agreed to sell the Licenses to AT&T. The consummation of the sale of the Licenses shall occur at one or more Closings (as defined below). Pursuant to the Agreement, AT&T will pay to the Sellers at the time of Closing the Transaction Consideration (or the portion thereof allocated to the License subject to such Closing), which is subject to the adjustments described below.

The Agreement covers three separate transactions: (1) the purchase of the 3.45 GHz and 700 MHz B and C Block spectrum currently held by Company subsidiaries (the

#### “USCC Licenses”
), (2) the purchase of 700 MHz B Block spectrum held by the Limited Partnership, a partnership in which an affiliate of the Company has a non-controlling, limited partnership interest, that is in the Company footprint (

#### “In Footprint LP Licenses”
) and (3) the purchase of 700 MHz B Block spectrum held by the Limited Partnership that is outside the Company footprint (“Out of Footprint LP Licenses” ). Each of the aforementioned transactions has its own allocated purchase price, its own closing conditions, and its own standard for Regulatory Material Effect (all as described in more detail in the relevant sections below).

The Agreement provides that each party’s obligation to effect the transactions involving the In Footprint LP Licenses and the Out of Footprint LP Licenses is conditioned on the Company first having acquired the equity of the general partner of the Limited Partnership. Once the Company has acquired the equity of the general partner of the Limited Partnership, the Agreement provides that the Limited Partnership will become a party to the Agreement and the portions of the transaction relating to the applicable spectrum held by the Limited Partnership will proceed in accordance with the terms of the Agreement. The closing of the sale of the USCC Licenses is referred to herein as the

#### “USCC Closing,”
the closing related to the In Footprint LP Licenses is referred to herein as the “In Footprint LP Closing,” the closing related to the Out of Footprint LP Licenses is referred to herein as the “Out of Footprint LP Closing,” and collectively the In Footprint LP Closing and Out of Footprint LP Closing