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(FOUR-YEAR TIME BASED VESTING)
 LEAP WIRELESS INTERNATIONAL, INC.
2004 STOCK OPTION, RESTRICTED STOCK AND
DEFERRED STOCK UNIT PLAN
 RESTRICTED STOCK AWARD GRANT NOTICE AND
RESTRICTED STOCK AWARD AGREEMENT
 Company Plan Holder Shares Exhibit A Restricted Stock Agreement
 Holder:Grant Date:Purchase Price per Share:
    
    $  per shareTotal Number of Shares of Restricted
Stock:Vesting Schedule:
    
    The Shares shall be released from
the Companys Repurchase Option
set forth in Section 3.1 of the
Restricted Stock Agreement on the
dates and in the amounts
indicated in Exhibit B to this
Grant Notice.
 Exhibit C
 LEAP WIRELESS INTERNATIONAL, INC.
    
    HOLDER:By:
    
    
    
    By:Print Name:
    
    
    
    Print Name:Title:
    
    
    
    Title:Address:
    
    10307 Pacific Center Court
    
    Address:San Diego, California 92121




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EXHIBIT A
 TO RESTRICTED STOCK AWARD GRANT NOTICE
 RESTRICTED STOCK AWARD AGREEMENT
 Grant Notice Agreement Company Plan
 ARTICLE I
 GENERAL
 Defined Terms
 Incorporation of Terms of Plan
 ARTICLE II
 GRANT OF RESTRICTED STOCK
 Grant of Restricted Stock Grant Date Shares
 Purchase Price
 Issuance of Shares Issuance Date
 Conditions to Issuance of Stock Certificates
 1




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Rights as Stockholder provided, however,
 ARTICLE III
 RESTRICTIONS ON SHARES
 Repurchase Option Repurchase
Option Repurchase Price
 2




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Aggregate Repurchase Price
 Release of Shares from Repurchase Restriction Exhibit B
 Unreleased Shares Unreleased Shares
 Restrictions on Transfer
 ARTICLE IV
 ESCROW OF SHARES
 Escrow of Shares
 3




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Exhibit D Exhibit E Exhibit E provided, however,
 Transfer of Repurchased Shares
 No Liability for Actions in Connection with Escrow
 ARTICLE V
 OTHER PROVISIONS
 Adjustment for Stock Split
 Taxes
 4




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Exhibit F
  Limitations Applicable to Section 16 Persons
 Administration
 Restrictive Legends and Stop-Transfer Orders
   5




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Notices
 Titles
 Governing Law; Severability
 Conformity to Securities Laws
 Amendments
 No Employment Rights
 6




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Successors and Assigns
 7




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EXHIBIT B
 TO RESTRICTED STOCK AWARD GRANT NOTICE
 VESTING PROVISIONS
 Exhibit B Exhibit B
 Time-Based Vesting
 Change in Control Accelerated Vesting
 Change in Control within 30 Months after the Grant Date
 Change in Control More than 30 Months after the Grant Date
 Termination of Employment in the Event of a Change in Control
 Definitions of Cause and Good Reason Exhibit B  Cause Good Reason Exhibit B
 Cause
 B-1




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Good Reason
 B-2




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Condition to Release of Shares
 Limit on Release of Shares Exhibit B
 B-3




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EXHIBIT C
 TO RESTRICTED STOCK AWARD GRANT NOTICE
 CONSENT OF SPOUSE
 
 Dated: ,Signature of Spouse
 C-1




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EXHIBIT D
 TO RESTRICTED STOCK AWARD GRANT NOTICE
 STOCK ASSIGNMENT
 
 
 Dated: ,[Name of Holder]
 INSTRUCTIONS:
 D-1




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EXHIBIT E
 TO RESTRICTED STOCK AWARD GRANT NOTICE
 JOINT ESCROW INSTRUCTIONS
  
  Escrow Agent Company Holder Agreement
 Company
    E-1




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E-2




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E-3




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Very truly yours,LEAP WIRELESS INTERNATIONAL, INC.By:Name: S. Douglas Hutcheson
 Title: President & CEOAddress:
    
    10307 Pacific Center Court
San Diego, California 92121HOLDER:Address:ESCROW AGENT:By:Robert Irving,
 Secretary, Leap Wireless International, Inc.Address:
    
    10307 Pacific Center CourtSan Diego, California 92121
 E-4




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EXHIBIT F
 TO RESTRICTED STOCK AWARD GRANT NOTICE
 FORM OF 83(B) ELECTION AND INSTRUCTIONS
 Please consult with your
personal tax advisor as to whether an election of this nature will be in your best interests in
light of your personal tax situation.
  1.
    
    Complete Section 83(b) election form (attached as Attachment 1) and make four (4)
copies of the signed election form. (Your spouse, if any, should sign Section 83(b) election
form as well.)2.
    
    Prepare the cover letter to the Internal Revenue Service (sample letter attached as
Attachment 2).3.
    
    Send the cover letter with the originally executed Section 83(b) election form and one (1)
copy via certified mail, return receipt requested to the Internal Revenue Service at the
address of the Internal Revenue Service where you file your personal tax returns. We suggest
that you have the package date-stamped at the post office. The post office will provide you
with a white certified receipt that includes a dated postmark. Enclose a self-addressed,
stamped envelope so that the Internal Revenue Service may return a date-stamped copy to you.
However, your postmarked receipt is your proof of having timely filed the Section 83(b)
election if you do not receive confirmation from the Internal Revenue Service.4.
    
    One (1) copy must be sent to Leap Wireless International, Inc. for its records and one (1)
copy must be attached to your federal income tax return for the applicable calendar year.5.
    
    Retain the Internal Revenue Service file stamped copy (when returned) for your records.
  F-1




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ATTACHMENT 1 TO EXHIBIT F
 ELECTION UNDER INTERNAL REVENUE CODE SECTION 83(B)
  1.
    
    The name, address and taxpayer identification number of the undersigned taxpayer are:SSN:The name, address and taxpayer identification number of the Taxpayers spouse are (complete
if applicable):SSN:2.
    
    Description of the property with respect to which the election is being made:() shares of Common Stock, par value $0.0001 per share, of the
Company.3.
    
    The date on which the property was transferred was . The taxable year to which
this election relates is calendar year 200_.4.
    
    Nature of restrictions to which the property is subject:The Shares are subject to repurchase at their original purchase price if unvested as of the
date of termination of employment, directorship or consultancy with the Company.5.
    
    The fair market value at the time of transfer (determined without regard to any lapse
restrictions, as defined in Treasury Regulation Section 1.83-3(a)) of the Shares was
$ per Share.6.
    
    The amount paid by the taxpayer for Shares was  per share.7.
    
    A copy of this statement has been furnished to the Company.
 Dated:
,
200___
    
    Taxpayer Signature
 F-1-1




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Dated:
,
200___
    
    Spouses Signature
 Signature(s) Notarized by:
 F-1-2




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ATTACHMENT 2 TO EXHIBIT F
 SAMPLE COVER LETTER TO INTERNAL REVENUE SERVICE
 
 VIA CERTIFIED MAIL
RETURN RECEIPT REQUESTED
 
 Re:
    
    Election under Section 83(b) of the Internal Revenue Code of 1986Taxpayer:Taxpayers Social Security Number:Taxpayers Spouse:Taxpayers Spouses Social Security Number:
   Very truly yours,Enclosurescc:
    
    Leap Wireless International, Inc.
 F-2-1