EXHIBIT 10.48

FIRST AMENDMENT TO SECOND AMENDED AND RESTATED
RECEIVABLES PURCHASE AND ADMINISTRATION AGREEMENT
THIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AND
ADMINISTRATION AGREEMENT, dated as of December 18, 2017 (this “Amendment”), is
by and among T-MOBILE HANDSET FUNDING LLC (the “Transferor”), as transferor,
T-MOBILE FINANCIAL LLC (“Finco”), individually and as servicer, T-MOBILE US,
INC., as guarantor (the “Guarantor”), ROYAL BANK OF CANADA, as Administrative
Agent (the “Administrative Agent”), and the various Funding Agents party to the
RPAA referenced below.
RECITALS:
WHEREAS, the parties hereto have entered into the Second Amended and Restated
Receivables Purchase and Administration Agreement, dated as of August 21, 2017
(as amended, supplemented or otherwise modified from time to time, the “RPAA”);
and
WHEREAS, the parties hereto wish to amend the RPAA as set forth in this
Amendment.
NOW, THEREFORE, the parties hereto, in consideration of their mutual covenants
hereinafter set forth and intending to be legally bound hereby, agree as
follows:
ARTICLE 1

DEFINITIONS
Section 1.01    Capitalized Terms. Capitalized terms used in this Amendment and
not otherwise defined herein shall have the meanings ascribed thereto in the
RPAA.
ARTICLE 2

AMENDMENTS
Section 2.01    Amendments to the RPAA.
(a)    Section 1.1 of the RPAA is hereby amended by amending and restating the
definition of “Purchase Limit” to read as follows:
(i)    “Purchase Limit” shall mean $1,300,000,000, as such amount may be reduced
from time to time pursuant to Section 2.17, Section 2.18 or Section 2.19(a) or
increased from time to time pursuant to Section 2.19(b) or Section 2.19(c) or as
agreed upon by the Transferor and the Funding Agents (other than a Funding Agent
acting on behalf of a Reducing Ownership Group or a Funding Agent acting on
behalf of a Defaulting Ownership Group); provided, however, that at any time on
and after the Amortization Date, the “Purchase Limit” shall mean the outstanding
Aggregate Net Investment at such time.

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(b)    Schedule I of the RPAA is hereby amended and restated as set forth in
Schedule I hereto.
ARTICLE 3

EFFECTIVENESS; RATIFICATION
Section 3.01    Incremental Funding. Notwithstanding anything set forth in
Section 2.2 of the RPAA (including but not limited to the requirement in Section
2.2(b)(i) to deliver a Funding Notice at least four (4) Combined Business Days’
prior to such Incremental Funding), the Funding Agents acknowledge and agree
that the Owners shall make an Incremental Funding on December 20, 2017 in the
amounts set forth below:
(a)    Old Line Funding, LLC: $47,666,666.67;
(b)    Landesbank Hessen-Thüringen Girozentrale: $8,250,000.00;
(c)    Gotham Funding Corporation: $29,583,333.33;
(d)    Starbird Funding Corporation: $34,500,000.
Section 3.02    Conditions to Incremental Funding; Addition Date. The Transferor
hereby certifies that:
(a)    the conditions set forth in Section 4.2 (other than subsection (a)) have
been satisfied; and
(b)    the date hereof is also an Addition Date.
Section 3.03    Effectiveness. This Amendment shall become effective, and this
Amendment thereafter shall be binding on the parties hereto and their respective
successors and assigns, as of the date first set forth above upon the execution
and delivery of counterparts by the parties hereto.
Section 3.04    Incorporation; Ratification.
(a)    On and after the execution and delivery hereof, this Amendment shall be a
part of the RPAA and each reference in the RPAA to “this Agreement” or “hereof”,
“hereunder” or words of like import, and each reference in any other Related
Document to the RPAA shall mean and be a reference to such RPAA as previously
amended, and as amended, modified and consented to hereby.
(b)    Except as expressly provided herein, the RPAA shall remain in full force
and effect and is hereby ratified and confirmed by the parties hereto.
(c)    After giving effect to this Amendment, the Performance Guaranty
previously executed and delivered by the Guarantor is and shall continue to be
in full force and effect.

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ARTICLE 4

MISCELLANEOUS
Section 4.01    Representations and Warranties.
(a)    The Transferor hereby represents and warrants to the Administrative Agent
and the Owners that its representations and warranties set forth in Section 3.1
of the RPAA are true and correct in all material respects as of the date hereof.
(b)    Finco hereby represents and warrants to the Administrative Agent and the
Owners that its representations and warranties set forth in Section 3.1 and
Section 3.3 of the RPAA are true and correct in all material respects as of the
date hereof.
(c)    The Guarantor hereby represents and warrants to the Administrative Agent
and the Owners that its representations and warranties set forth in Section 3.4
of the RPAA are true and correct in all material respects as of the date hereof.
Section 4.02    No Other Amendments; Status of RPAA and Related Documents. The
amendments set forth herein are limited as specified and shall not be construed
as an amendment to any other term or provision of the RPAA. Nothing herein shall
obligate the Administrative Agent, any Conduit Purchaser, Committed Purchaser or
Funding Agent to grant (or consent to) any future amendment or waiver of any
kind under or in connection with the RPAA or entitle the Transferor to receive
any such amendment or waiver under the RPAA. Except as otherwise expressly
provided herein, this Amendment shall not constitute a waiver of any right,
power or remedy of the Owners, the Funding Agents or the Administrative Agent
set forth in the RPAA and Related Documents, and except as expressly provided
herein, this Amendment shall have no effect on any term or condition of the RPAA
or Related Documents.
Section 4.03    Governing Law; Submission to Jurisdiction. THIS AMENDMENT SHALL
BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW
YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED THEREIN, WITHOUT
REFERENCE TO ITS CONFLICT OF LAW PROVISIONS OTHER THAN SECTIONS 5-1401 AND
5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, AND OBLIGATIONS, RIGHTS AND
REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS. EACH OF THE PARTIES TO THIS AMENDMENT HEREBY AGREES TO THE JURISDICTION OF
THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND ANY
APPELLATE COURT HAVING JURISDICTION TO REVIEW THE JUDGMENTS THEREOF. EACH OF THE
PARTIES HEREBY WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS AND ANY
OBJECTION TO VENUE OF ANY ACTION INSTITUTED HEREUNDER IN ANY OF THE
AFOREMENTIONED COURTS.
Section 4.04    Counterparts. This Amendment may be executed in any number of
counterparts, all of which taken together shall constitute one agreement, and
any of the parties hereto may execute this Amendment by signing such
counterpart.

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[signatures on following page]

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IN WITNESS WHEREOF, each of the parties hereto have caused a counterpart of this
Amendment to be duly executed as of the date first above written.

 
T-MOBILE HANDSET FUNDING LLC

 
as Transferor
 
 
 
 
 
 
 
 
 
 
 
 
By:
/s/ Dirk Wehrse
 
 
 
Name:
Dirk Wehrse
 
 
 
Title:
Senior Vice President, Treasury &
 
 
 
Treasurer
 

 
T-MOBILE FINANCIAL LLC
 
In its individual capacity and as Servicer
 
 
 
 
 
 
 
 
 
 
 
 
By:
/s/ Dirk Wehrse
 
 
 
Name:
Dirk Wehrse
 
 
 
Title:
Assistant Treasurer
 

 
T-MOBILE US, INC.
 
as Guarantor
 
 
 
 
 
 
 
 
 
 
 
 
By:
/s/ Dirk Wehrse
 
 
 
Name:
Dirk Wehrse
 
 
 
Title:
Senior Vice President, Treasury &
 
 
 
Treasurer
 

[Signature Page to First Amendment to 2nd A&R RPAA]

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ROYAL BANK OF CANADA
 
as Administrative Agent
 
 
 
 
 
 
 
 
 
 
 
 
By:
/s/ Thomas C. Dean
 
 
 
Name:
Thomas C. Dean
 
 
 
Title:
Authorized Signatory
 
 
 
 
 
 
By:
/s/ Sofia Shields
 
 
 
Name:
Sofia Shields
 
 
 
Title:
Authorized Signatory

 
ROYAL BANK OF CANADA
 
as a Funding Agent
 
 
 
 
 
 
 
 
 
 
 
 
By:
/s/ Thomas C. Dean
 
 
 
Name:
Thomas C. Dean
 
 
 
Title:
Authorized Signatory
 
 
 
 
 
 
By:
/s/ Sofia Shields
 
 
 
Name:
Sofia Shields
 
 
 
Title:
Authorized Signatory

[Signature Page to First Amendment to 2nd A&R RPAA]

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LANDESBANK HESSEN-THURINGEN
 
GIROZENTRALE,
 
 
as a Funding Agent
 
 
 
 
 
 
 
 
 
 
 
 
By:
/s/ Björn Reinecke
 
 
 
Name:
Björn Reinecke
 
 
 
Title:
Assistant Vice President
 
 
 
 
 
 
 
 
 
 
 
By:
/s/ Bjoern Mollner
 
 
 
Name:
Bjoern Mollner
 
 
 
Title:
SVP

[Signature Page to First Amendment to 2nd A&R RPAA]

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THE BANK OF TOKYO-MITSUBISHI UFJ,
 
LTD.,
 
 
as a Funding Agent
 
 
 
 
 
 
 
 
 
 
 
 
By:
 /s/ Luna Mills
 
 
 
Name:
Luna Mills
 
 
 
Title:
Managing Director

[Signature Page to First Amendment to 2nd A&R RPAA]

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BNP PARIBAS,
 
as Funding Agent
 
 
 
 
 
 
 
 
 
 
 
 
By:
/s/ Mary Dierdorff
 
 
 
Name:
Mary Dierdorff
 
 
 
Title:
Managing Director
 
 
 
 
 
 
By:
/s/ Steve Parsons
 
 
 
Name:
Steve Parsons
 
 
 
Title:
Managing Director

[Signature Page to First Amendment to 2nd A&R RPAA]

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SCHEDULE I
(As of December 20, 2017)
CONDUIT PURCHASERS, COMMITTED PURCHASERS, FUNDING AGENTS
AND RELATED INFORMATION                
Name of Conduit Purchaser
Name of Committed Purchaser(s)
Name of Funding Agent
Ownership Group
Address/Telecopy for Notices
Account for Funds Transfer

Ownership Group Purchase Limit
Ownership Group Percentage
Old Line Funding, LLC
Royal Bank of Canada
Royal Bank of Canada
Old Line Funding, LLC, as a Conduit Purchaser
Royal Bank of Canada, as Committed Purchaser, Funding Agent and Conduit Support
Provider

If to the Conduit Purchaser:
Old Line Funding , LLC
c/o Global Securitization Services
68 South Service Road, Suite 120
Melville, NY 11747
Attention: Kevin Burns
Tel. No.: (631) 587-4700
Facsimile No.: (212) 302-8767
Email:

with a copy to:
RBC Capital Markets
Two Little Falls Center
2751 Centerville Road,
Suite 212
Wilmington, DE 19808
Attention: Securitization Finance
Tel. No.: (302) 892-5903
Facsimile No.: (302) 892-5900
Email:
Old Line Funding, LLC
Bank: Deutsche Bank Trust Company Americas
ABA #:
Acct #:
Ref:
$500,000,000
38.4616%

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SCHEDULE I

Name of Conduit Purchaser
Name of Committed Purchaser(s)
Name of Funding Agent
Ownership Group
Address/Telecopy for Notices
Account for Funds Transfer

Ownership Group Purchase Limit
Ownership Group Percentage
 
 
 
 
If to the Committed Purchaser, Funding Agent or Conduit Support Provider:
Royal Bank of Canada
Royal Bank Plaza, North Tower
200 Bay Street
2nd Floor
Toronto Ontario M5J2W7
Attn: Securitization Finance
Tel: (416) 842-3842
Email:

with a copy to:
Royal Bank of Canada
Two Little Falls Center
2751 Centerville Road
Suite 212
Wilmington, DE 19808
Tel. No.: (302) 892-5903
Email:
 
 
 
N/A
Landesbank Hessen-Thüringen Girozentrale
Landesbank Hessen-Thüringen Girozentrale
Landesbank Hessen-Thüringen Girozentrale, as Committed Purchaser and Funding
Agent

Landesbank Hessen-Thüringen Girozentrale
Neue Mainzer Straße 52-58
60311 Frankfurt am Main
Germany
Attn: Björn Mollner / Björn Reinecke
Tel: +49 (0)69 9132 – ext: 5208 / 3489
Fax: +49 (0)69 9132 4190
Email:
Landesbank Hessen-Thüringen Girozentrale
Bank: Citibank N.A., New York
ABA #:
Acct #:
Ref:

$200,000,000
15.3846%

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SCHEDULE I

Name of Conduit Purchaser
Name of Committed Purchaser(s)
Name of Funding Agent
Ownership Group
Address/Telecopy for Notices
Account for Funds Transfer

Ownership Group Purchase Limit
Ownership Group Percentage
Gotham Funding Corporation
The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch
The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch
Gotham Funding Corporation, as Conduit Purchaser
The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, as Committed Purchaser,
Funding Agent and Conduit Support Provider
If to the Conduit Purchaser:
Gotham Funding Corporation
c/o Global Securitization Services, LLC
68 South Service Road, Suite 120
Melville, NY 11747
Tel: (631) 930-7216
Fax: (212) 302-8767
Attn: David V. DeAngelis
Email:

with a copy to:

The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch
1221 Avenue of the Americas
New York, NY 10020
Attn: Securitization Group
Tel: (212) 782-6957
Fax: (212) 782-6448
Email:

If to the Committed Purchaser, Funding Agent or Conduit Support Provider:
The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch
1221 Avenue of the Americas
New York, NY 10020
Attn: Securitization Group
Tel: (212) 782-6957
Fax: (212) 782-6448
Email:

Gotham Funding Corporation
Bank: Bank of Tokyo-Mitsubishi UFJ, NY Branch
ABA #:
Acct #:
Ref:
$300,000,000
23.0769%

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SCHEDULE I

Name of Conduit Purchaser
Name of Committed Purchaser(s)
Name of Funding Agent
Ownership Group
Address/Telecopy for Notices
Account for Funds Transfer

Ownership Group Purchase Limit
Ownership Group Percentage
Starbird Funding Corporation
BNP Paribas
BNP Paribas
Starbird Funding Corporation, as Conduit Purchaser
BNP Paribas, as Committed Purchaser, Funding Agent and Conduit Support Provider

BNP Paribas
787 Seventh Avenue,
New York, New York 10019
Attention: Rose Navarro
Tel: 212-841-8122
With copies to:

BNP Paribas New York
ABA#:
Acct:
Acct Name:
FFC:
Acct Ref:
$300,000,000
23. 0769%

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