EX-10.1





 Exhibit 10.1 
  


					
	 BARCLAYS

745 Seventh Avenue
 New York, New
York 10019
	  	 CREDIT SUISSE AG
CREDIT SUISSE LOAN
FUNDING LLC

Eleven Madison Avenue
New York, New York 10010
	  	 DEUTSCHE BANK AG
NEW YORK BRANCH
DEUTSCHE BANK AG
CAYMAN ISLANDS
BRANCH
DEUTSCHE
BANK
SECURITIES INC.
 60 Wall Street

New York, New York 10005

			
	 GOLDMAN SACHS

LENDING PARTNERS LLC

GOLDMAN SACHS BANK USA
 200
West Street
New York, New York 10282
	  	 MORGAN STANLEY SENIOR
FUNDING, INC.
1585 Broadway

New York, New York 10036
	  	 ROYAL BANK OF CANADA

200 Vesey Street
 New York, New York
10281

			
	 BNP PARIBAS

BNP PARIBAS SECURITIES CORP.

787 Seventh Avenue
 New York, New
York 10019
	  	 COMMERZBANK AG, NEW YORK BRANCH

225 Liberty Street
 New York, New
York 10281
	  	 CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK

1301 Avenue of the Americas
 New
York, New York 10019

			
	 TD SECURITIES (USA) LLC

THE TORONTO-DOMINION BANK,
NEW YORK BRANCH

31 West 52nd Street

New York, New York 10019
	  	 WELLS FARGO BANK, NATIONAL ASSOCIATION

WELLS FARGO SECURITIES, LLC

550 S. Tryon Street
 Charlotte,
North Carolina 28202
	  	 BANCO SANTANDER, S.A., NEW YORK BRANCH

45 East 53rd Street

New York, New York 10022

			
	 SOCIETE GENERALE

245 Park Avenue
 New York, New York
10167
	  	 SUNTRUST BANK

SUNTRUST ROBINSON
HUMPHREY, INC.

3333 Peachtree Road
 Atlanta,
Georgia 30326
	  	 NATIONAL
WESTMINSTER BANK PLC

NATWEST MARKETS PLC
 250
Bishopsgate
 London, EC2M 4AA

			
	 U.S. BANK NATIONAL ASSOCIATION

1095 Avenue of the Americas
 New
York, New York 10036
	  		  	
			
		  		  	 CONFIDENTIAL
  

September 6, 2019














 PROJECT LAKES 

US$8.0 Billion Senior Secured Credit Facilities 

US$19.0 Billion Senior Secured Bridge Loan Facility 

Second Amended and Restated Commitment Letter 

T-Mobile USA, Inc. 

12920 SE 38th Street 

Bellevue, Washington 98006 
 Attention: J. Braxton Carter, Chief
Financial Officer
 Ladies and Gentlemen: 

This second amended and restated commitment letter (this “Commitment Letter”) amends, restates and supersedes in its entirety
that certain commitment letter (the “Original Commitment Letter”) dated as of April 29, 2018 (the “Original Signing Date”) by and among T-Mobile USA, Inc., a Delaware
corporation (the “Company” or “you”), Barclays Bank PLC (“Barclays”), Credit Suisse Loan Funding LLC (“CSLF”), Credit Suisse AG (acting through such of its affiliates and branches
as it deems appropriate, “CS”), Deutsche Bank Securities Inc. (“DBSI”), Deutsche Bank AG New York Branch (“DBNY”), Deutsche Bank AG Cayman Islands Branch (“DBCI” and, together with
DBSI and DBNY, “DB”), Goldman Sachs Bank USA (“GS Bank”), Goldman Sachs Lending Partners LLC (“GSLP” and, together with GS Bank, “Goldman Sachs”), Morgan Stanley Senior Funding,
Inc. (“MSSF”), RBC Capital Markets1 (“RBCCM”) and Royal Bank of Canada (“RBC” and, together with Barclays, CSLF, CS, DB, Goldman Sachs, MSSF and
RBCCM, the “Original Commitment Parties”), as amended and restated by that certain amended and restated commitment letter (the “Amended and Restated Commitment Letter”) dated as of May 15, 2018 (the
“Amendment and Restatement Date”), by and among the Company, Barclays, CSLF, CS, DB, Goldman Sachs, MSSF, RBCCM, BNP Paribas Securities Corp. (“BNPPSC”), Commerzbank AG, New York Branch (or any of its affiliates
designated by it to act in such capacity “Commerzbank”), Credit Agricole Corporate and Investment Bank (“CACIB”), TD Securities (USA) LLC (“TD Securities”), Wells Fargo Securities, LLC
(“Wells Fargo Securities”), Banco Santander, S.A., New York Branch (“Banco Santander”), SG Americas Securities, LLC, SunTrust Robinson Humphrey, Inc. (“STRH”), National Westminster Bank plc
(“NatWest Bank”), NatWest Markets Plc (“NatWest Markets” and, together with NatWest Bank, “NatWest”), U.S. Bank National Association (or any of its affiliates designated to act in such capacity,
“U.S. Bank”) and the other Commitment Parties (as defined below). 
 The Company has advised (x) Barclays, CSLF, DBSI,
GS Bank, MSSF and RBCCM (RBCCM, together with Barclays, CSLF, DBSI, GS Bank and MSSF, the “Lead Arrangers”), (y) BNPPSC, Commerzbank, CACIB, TD Securities, Wells Fargo Securities, Banco Santander, Societe Generale
(“SG”), STRH, NatWest and U.S. Bank (U.S. Bank, together with BNPPSC, Commerzbank, CACIB, TD Securities, Wells Fargo Securities, Banco Santander, SG, STRH and NatWest, the “Other Arrangers” and, together with
the Lead Arrangers, the “Arrangers”) and (z) Barclays, CS, DBNY, DBCI, Goldman Sachs, MSSF, RBC, BNP Paribas (“BNP”), Commerzbank, CACIB, The Toronto-Dominion Bank, New York Branch (“TD Bank”),
Wells Fargo Bank, National Association (“Wells Fargo Bank”), Banco Santander, SG, SunTrust Bank (“SunTrust”), NatWest and U.S. Bank (U.S. Bank together with Barclays, CS, DBNY, DBCI, Goldman Sachs, MSSF, RBC, BNP,
Commerzbank, CACIB, TD Bank, Wells Fargo Bank, Banco Santander, SG, SunTrust and NatWest, the “Initial Lenders”; the Initial Lenders and the Arrangers are collectively referred to herein as the “Commitment Parties”,
“we” or “us”) that it intends to acquire (the “Acquisition”) all the issued and outstanding equity interests of Sprint Corporation (“Sprint”) and to 

 

	1 	 RBC Capital Markets is a brand name for the capital markets activities of Royal Bank of Canada and its
affiliates. 














 
consummate the other Transactions (such term and each other capitalized term used but not defined herein having the meaning assigned to it in the Summary of Terms and Conditions attached hereto
as Exhibit A (the “Credit Facilities Term Sheet”) or Exhibit B (the “Secured Bridge Facility Term Sheet”, and together with the Credit Facilities Term Sheet, the “Term Sheets”), as
applicable). In that connection, the Company has requested that the Arrangers agree to structure and arrange (I) senior secured credit facilities in the aggregate amount of US$8.0 billion, comprised of a US$4.0 billion five-year
revolving credit facility (the “Revolving Credit Facility”) and a US$4.0 billion seven-year term loan facility (the “Term Loan Facility”, and together with the Revolving Credit Facility, the “Senior
Credit Facilities”; and the Senior Credit Facilities together with the Secured Bridge Facility, the “Facilities”), and (II) a senior secured 364-day bridge loan facility in the
amount of US$19.0 billion (the “Secured Bridge Facility”), in each case, to finance the Acquisition and the other Transactions, and the Initial Lenders commit to provide the entire amount of the Facilities as set forth below.

 In connection with the foregoing, (a) Barclays is pleased to advise you of its commitment to provide (x) 115⁄6% of the aggregate principal amount of the Secured Bridge Facility, (y) 9.375% of the aggregate principal amount of the Revolving Credit Facility and (z) 115⁄6% of the aggregate principal amount of the Term Loan Facility, (b) CS is pleased to advise you of its commitment to provide (x)
115⁄6% of the aggregate principal amount of the Secured Bridge Facility, (y) 9.375% of the aggregate principal amount of the Revolving Credit Facility and
(z) 115⁄6% of the aggregate principal amount of the Term Loan Facility, (c)(i) DBCI is pleased to advise you of its commitment to provide (x) 115⁄6% of the aggregate principal amount of the Secured Bridge Facility and (ii) DBNY is pleased to advise you of its commitment to provide (x) 9.375% of the
aggregate principal amount of the Revolving Credit Facility and (y) 115⁄6% of the aggregate principal amount of the Term Loan Facility, (d)(i) GSLP is pleased
to advise you of its commitment to provide (x) 11⁄3% of the aggregate principal amount of the Secured Bridge Facility and (y)
115⁄6% of the aggregate principal amount of the Term Loan Facility and (ii) GS Bank is pleased to advise you of its commitment to provide (x) 101⁄2% of the aggregate principal amount of the Secured Bridge Facility and (y) 9.375% of the aggregate principal amount of the Revolving Credit Facility, (e) MSSF is
pleased to advise you of its commitment to provide (x) 115⁄6% of the aggregate principal amount of the Secured Bridge Facility, (y) 9.375% of the aggregate
principal amount of the Revolving Credit Facility and (z) 115⁄6% of the aggregate principal amount of the Term Loan Facility, (f) RBC is pleased to advise
you of its commitment to provide (x) 115⁄6% of the aggregate principal amount of the Secured Bridge Facility, (y) 9.375% of the aggregate principal amount of the
Revolving Credit Facility and (z) 115⁄6% of the aggregate principal amount of the Term Loan Facility, (g) BNP is pleased to advise you of its commitment
to provide (x) 4.80% of the aggregate principal amount of the Secured Bridge Facility, (y) 6.25% of the aggregate principal amount of the Revolving Credit Facility and (z) 4.80% of the aggregate principal amount of the Term Loan Facility,
(h) Commerzbank is pleased to advise you of its commitment to provide (x) 4.80% of the aggregate principal amount of the Secured Bridge Facility, (y) 6.25% of the aggregate principal amount of the Revolving Credit Facility and (z) 4.80% of
the aggregate principal amount of the Term Loan Facility, (i) CACIB is pleased to advise you of its commitment to provide (x) 4.80% of the aggregate principal amount of the Secured Bridge Facility, (y) 6.25% of the aggregate principal amount of
the Revolving Credit Facility and (z) 4.80% of the aggregate principal amount of the Term Loan Facility, (j) TD Bank is pleased to advise you of its commitment to provide (x) 4.80% of the aggregate principal amount of the Secured Bridge
Facility, (y) 6.25% of the aggregate principal amount of the Revolving Credit Facility and (z) 4.80% of the aggregate principal amount of the Term Loan Facility, (k) Wells Fargo Bank is pleased to advise you of its commitment to provide
(x) 4.80% of the aggregate principal amount of the Secured Bridge Facility, (y) 6.25% of the aggregate principal amount of the Revolving Credit Facility and (z) 4.80% of the aggregate principal amount of the Term Loan Facility, (l) Banco
Santander is pleased to advise you of its commitment to provide (x) 1.00% of the aggregate principal amount of the Secured Bridge Facility, (y) 2.50% of the aggregate principal amount of the Revolving Credit Facility and (z) 1.00% of the
aggregate principal amount of the Term Loan Facility, (m) SG is pleased to advise you of its commitment to provide (x) 1.00% of the aggregate principal amount of the Secured Bridge Facility, (y) 2.50% of the aggregate principal













 
amount of the Revolving Credit Facility and (z) 1.00% of the aggregate principal amount of the Term Loan Facility, (n) SunTrust is pleased to advise you of its commitment to provide (x)
1.00% of the aggregate principal amount of the Secured Bridge Facility, (y) 2.50% of the aggregate principal amount of the Revolving Credit Facility and (z) 1.00% of the aggregate principal amount of the Term Loan Facility, (o)(i) NatWest
Markets is pleased to advise you of its commitment to provide (x) 1.00% of the aggregate principal amount of the Term Loan Facility and (ii) NatWest Bank is pleased to advise you of its commitment to provide (x) 2.50% of the aggregate principal
amount of the Revolving Credit Facility and (y) 1.00% of the aggregate principal amount of the Secured Bridge Facility and (p) U.S. Bank is pleased to advise you of its commitment to provide (x) 1.00% of the aggregate principal amount of
the Secured Bridge Facility, (y) 2.50% of the aggregate principal amount of the Revolving Credit Facility and (z) 1.00% of the aggregate principal amount of the Term Loan Facility, in each case upon the terms and subject to the conditions set
forth or referred to in this Commitment Letter and the Term Sheets. The commitments hereunder of the Initial Lenders are several and not joint. You and the Arrangers further agree that no other titles will be awarded, and no other compensation will
be paid (other than as expressly contemplated by this Commitment Letter and the Fee Letter referred to below) in connection with the Facilities unless you and the Arrangers shall so agree. 

It is agreed that (i) each of the Lead Arrangers will act as a joint lead arranger and joint bookrunner for the Facilities,
(ii) DBNY will act as administrative agent and collateral agent for the Senior Credit Facilities, (iii) GS Bank will act as administrative agent and collateral agent for the Secured Bridge Facility, (iv) each of BNPPSC, Commerzbank,
CACIB, TD Securities and Wells Fargo Securities will act as a bookrunner for the Revolving Credit Facility and the Secured Bridge Facility and as a co-manager for the Term Loan Facility and (v) each of
Banco Santander, SG, STRH, NatWest and U.S. Bank will act as a co-manager for the Senior Credit Facilities and the Secured Bridge Facility, and each of them will, in such capacities, perform the duties and
exercise the authority customarily performed and exercised by it in such roles. It is further agreed that (i) DBSI shall have “left” placement in any and all marketing materials and documentation used in connection with the Revolving
Credit Facility, (ii) CSLF shall have “left” placement in any and all marketing materials and documentation used in connection with the Term Loan Facility and (iii) Goldman, Sachs & Co. will act as global coordinator
with respect to the Facilities. All other financial institutions and any Arranger will be listed in customary fashion (as mutually agreed to by the Original Commitment Parties on the Original Signing Date and you) on any offering or marketing
materials in respect of the Facilities. 
 Each Initial Lender reserves the right, prior to or after the execution of definitive
documentation for any Facility, to syndicate all or a portion of its commitments in respect of such Facility hereunder to one or more financial institutions identified by the Arrangers in consultation with you and reasonably acceptable to the
Arrangers and you (your consent not to be unreasonably withheld), including, without limitation, any relationship lenders designated by you and reasonably acceptable to the Arrangers, that will become parties to such definitive documentation or to
this Commitment Letter as set forth herein pursuant to a syndication to be managed by the Arrangers (the Initial Lenders and other the financial institutions becoming parties to such definitive documentation or this Commitment Letter being
collectively referred to as the “Lenders”). You agree until the date that is the earlier of (i) 60 days after the Closing Date and (ii) the date on which a Senior Successful Syndication (as defined in the Fee Letter) is
achieved (such earlier date referred to in clauses (i) and (ii), the “Syndication Date”) actively to assist, and to use commercially reasonable efforts (consistent with the terms of the Business Combination Agreement) to cause
Sprint to assist, the Arrangers in completing an orderly and Senior Successful Syndication of each Facility. In that regard, you agree promptly to prepare and provide to the Arrangers such information with respect to the Company and its
subsidiaries, and to use commercially reasonable efforts (consistent with the terms of the Business Combination Agreement) to cause Sprint promptly to prepare and provide to the Arrangers such information with respect to Sprint and its subsidiaries,
in each case including financial information, as the Arrangers may reasonably request in connection with the arrangement and syndication 












 
of each Facility; provided that the only financial statements that you or Sprint shall be required to deliver are those financial statements described in paragraphs 2 and 3 of Exhibit
D attached hereto. Your assistance shall also include (a) your using commercially reasonable efforts to ensure that the syndication efforts benefit materially from your existing lending and investment banking relationships and (consistent
with the terms of the Business Combination Agreement) the existing lending and investment banking relationships of Sprint, (b) direct contact between appropriate senior management of the Company and the proposed Lenders (and your using
commercially reasonable efforts (consistent with the terms of the Business Combination Agreement) to arrange such contact between appropriate senior management of Sprint and the proposed Lenders), (c) your assistance, and your using commercially
reasonable efforts (consistent with the terms of the Business Combination Agreement) to cause Sprint to assist, in the preparation of a confidential information memorandum and other marketing materials to be used in connection with the syndication
of each Facility (collectively, “Information Materials”), (d) your using commercially reasonable efforts to obtain, prior to the launch of general syndication, indicative pro forma ratings of each Facility and corporate/family
ratings for each of the Company and Sprint from each of Moody’s Investors Service, Inc. (“Moody’s”) and Standard & Poor’s Financial Services LLC (“S&P”), and (e) the hosting, with
the Arrangers, of a single lender meeting and a reasonable number of conference calls with prospective Lenders at times to be mutually agreed. In addition, to facilitate an orderly and successful syndication of each Facility, you agree that, until
the later of the Closing Date and the completion of a successful syndication of each Facility (as defined in the Fee Letter referred to below) you and your subsidiaries will not (and you will use commercially reasonable efforts (consistent with the
terms of the Business Combination Agreement) to cause Sprint and its subsidiaries not to) issue, sell, offer, place or arrange any debt securities or commercial bank or other credit facilities of the Company, Sprint or their respective subsidiaries
that could reasonably be expected to materially and adversely impair the primary syndication of such Facility, other than (i) the Facilities, (ii) the Permanent Financing, (iii) any Debt Offers (as defined in the Business Combination
Agreement) and (iv) any debt excluded from the definition of the term “Debt Incurrence” as defined in the Secured Bridge Facility Term Sheet, in each case without the written consent of the Arrangers, such consent not to be
unreasonably withheld or delayed. Without limiting your obligations to assist with the syndication efforts as set forth herein and notwithstanding anything to the contrary contained in this Commitment Letter, the Term Sheets, the Fee Letter or the
definitive documentation for the Facilities, each Initial Lender agrees that neither the commencement nor the completion of a successful syndication nor the obtaining of ratings nor your compliance with this paragraph in any other manner shall
constitute a condition to the funding under any Facility on the Closing Date. 
 You agree, at the request of the Arrangers, to assist, and
to use commercially reasonable efforts (consistent with the terms of the Business Combination Agreement) to cause Sprint to assist, in the preparation of an additional version of the Information Materials to be used by prospective Lenders’
public-side employees and representatives who do not wish to receive material non-public information (within the meaning of United States Federal securities laws) with respect to the Company, Sprint, their
respective subsidiaries and any securities of any of the foregoing (“MNPI”) and who may be engaged in investment and other market related activities with respect to the Company, Sprint, their respective subsidiaries or any
securities of any of the foregoing. It is understood that, in connection with your assistance described above, you will provide customary authorization letters (and you will use commercially reasonable efforts, consistent with the terms of the
Business Combination Agreement, to have Sprint provide such letter) to the Arrangers authorizing the distribution of the Information Materials to prospective Lenders and, in the case of any distribution of any Information Materials, to
“public-siders”, containing a representation that such Information Materials do not contain MNPI and a customary “10b-5” representation. You agree that the following documents may be
distributed to both “private-siders” and “public-siders” unless you advise the Arrangers in writing (including by email) within a reasonable time prior to their intended distribution that such materials should only be distributed
to “private-siders” and provided that you shall have been given a reasonable opportunity to review such documents: (a) the Term Sheets, (b) administrative materials prepared by any Arranger for prospective Lenders (such as lender
meeting invitations, lender allocations 












 
and funding and closing memoranda), (c) notifications of changes in the terms of the Facilities, and (d) drafts of the definitive documentation for the Facilities. If you advise us that
any of the foregoing should be distributed only to “private-siders”, then “public-siders” will not receive such materials without further discussions with you. 

You hereby represent and covenant that (a) all written information, other than the Projections (as defined below) and information of a
general economic or industry nature, that has been or will be made available to any of the Initial Lenders or Arrangers by or on behalf of you in connection with the Transactions (the “Information”) is or, when furnished, will be,
in each case when taken as a whole and in light of the circumstances when furnished, correct in all material respects at the time furnished and does not or will not at the time furnished contain any untrue statement of a material fact or omit to
state a material fact necessary in order to make the statements contained therein, taken as a whole, not materially misleading in light of the circumstances under which such statements are made and (b) the projections, financial estimates,
forecasts and other forward-looking information that have been or will be made available to any of the Initial Lenders or Arrangers by or on behalf of you in connection with the Transactions (the “Projections”) have been or will be
prepared in good faith based upon assumptions believed by you to be reasonable at the time made and at the time the Projections are so made available (it being understood that the Projections, by their nature, are inherently uncertain and no
assurances are being given that the results reflected in the Projections will be achieved); provided that, with respect to any Information or Projections prepared by or relating to Sprint or its subsidiaries, the foregoing representations are
made only to the best of your knowledge. You agree that if at any time until the later of the Syndication Date and the Closing Date you become aware that the representations in the immediately preceding sentence would not be true in any material
respect if the Information and Projections were being furnished, and such representations were being made, at such time, then you will (and with respect to Sprint, use your commercially reasonable efforts to cause Sprint to) promptly supplement the
Information and the Projections so that such representations or warranties would be true in all material respects under those circumstances. You understand that in connection with the syndication of the Facilities we will use and rely on the
Information without independent verification thereof. Notwithstanding the foregoing, it is understood that each Initial Lender’s commitments hereunder are not subject to or conditioned upon the accuracy of the representations set forth in this
paragraph, and notwithstanding anything to the contrary contained in this Commitment Letter, the Term Sheets, the Fee Letter or the definitive documentation for the Facilities, the accuracy of such representations shall not constitute a condition to
the funding under any Facility on the Closing Date. 
 The Arrangers will, in consultation with you, manage all aspects of the syndication
of the Facilities, including decisions as to the selection of institutions to be approached and when they will be approached, when their commitments will be accepted, which institutions will participate, the allocations of the commitments among the
Lenders, the allocation of any title or role to any Lender and the amount and distribution of fees among the Lenders; it being understood and agreed that we will not syndicate to those persons identified in writing to the Original Commitment Parties
on or prior to the Original Signing Date and, with respect to persons who are competitors of you or your subsidiaries or Sprint or its subsidiaries, identified in writing from time to time after the Original Signing Date (but without retroactive
effect) and, in each case, their affiliates (other than bona fide debt fund affiliates of competitors) to the extent such affiliates are identified in writing or are otherwise clearly identifiable on the basis of name (collectively, the
“Disqualified Lenders). Notwithstanding the Arrangers’ right to syndicate the Facilities (other than in the case of an assignment of commitments under the Secured Bridge Facility with your consent pursuant to a customary joinder
agreement to this Commitment Letter), no Initial Lender shall be relieved or released from its commitment hereunder prior to the funding thereof on the Closing Date in connection with any syndication, assignment or participation of such Facility
(and unless you otherwise agree in writing, each Initial Lender and each Arranger shall at all times retain exclusive control over all its rights and obligations with respect to such Facility and its commitments in respect thereof, including all
rights with respect to consents, modifications, supplements, waivers and 












 
amendments of this Commitment Letter and the definitive documentation with respect to such Facility, and each Initial Lender and each Arranger shall notify you of any participation of its
commitments in respect of the Revolving Credit Facility hereunder). You acknowledge and agree that the amount of the Secured Bridge Facility will be reduced as provided under the “Mandatory Commitment Reduction and Prepayment” section of
the Secured Bridge Facility Term Sheet upon the occurrence of any of the events described therein at any time after the date hereof, and that any such reduction will be allocated on a pro rata basis among the commitments of the Initial Lenders in
respect of the Secured Bridge Facility or, to the extent permitted in the Secured Bridge Facility Term Sheet, the other Facilities. 
 As
consideration for the Initial Lenders’ commitments hereunder and our agreements to perform the services described herein, you agree to pay to us the fees as set forth in the second amended and restated arranger fee letter dated the date hereof
and delivered herewith and any other fees as set forth in any fee letter dated the date hereof and delivered herewith (collectively, as amended, amended and restated, supplemented, or otherwise modified from time to time, the “Fee
Letter”). 
 The commitments of the Initial Lenders and the agreements of the Initial Lenders and the Arrangers hereunder in
respect of each Facility are subject only to the following conditions (collectively, the “Funding Conditions”, and the date on which such conditions are satisfied or waived, the “Closing Date”): (a) except as
(i) set forth in any Sprint Filed SEC Documents (as defined in the Business Combination Agreement), excluding any disclosures in such Sprint Filed SEC Documents (as defined in the Business Combination Agreement) contained in any risk factors
section, any section related to forward-looking statements and other disclosures that are predictive, cautionary or forward-looking in nature, or (ii) except as disclosed in the disclosure letter delivered by Sprint to T-Mobile (as defined in the Business Combination Agreement) at or prior to the execution of the Business Combination Agreement, since March 31, 2017, there have been no Effects (as defined in the Business
Combination Agreement) that, individually or in the aggregate, have had or would reasonably be expected to have a “Material Adverse Effect on Sprint” (as defined in the Business Combination Agreement), (b) the execution and delivery by the
Borrower and the Guarantors of definitive documentation for such Facility consistent with this Commitment Letter, the applicable Term Sheet and the Fee Letter and subject to the Documentation Provision and (c) the satisfaction or waiver of the
other conditions expressly set forth in Exhibit D attached hereto. For purposes of the foregoing, “Material Adverse Effect” means any Material Adverse Effect on Sprint (as defined in the Business
Combination Agreement). It is understood that there are no conditions (implied or otherwise) to the commitment hereunder (including compliance with the terms of this Commitment Letter, the Term Sheets, the Fee Letter, the definitive documentation
for the Facilities or otherwise) other than the Funding Conditions (and upon satisfaction or waiver of the Funding Conditions, the funding duly requested by the Borrower under each Facility on the Closing Date shall occur). 

Notwithstanding anything in this Commitment Letter, the Term Sheets, the Fee Letter, the definitive documentation for the Facilities or any
other letter agreement or undertaking concerning the financing of the Transactions to the contrary, (a) the only representations the making and accuracy of which shall be a condition to availability of the Facilities on the Closing Date shall
be (i) the representations made by Sprint in the Business Combination Agreement as are material to the interests of the Lenders, but only to the extent that you (or your affiliates) have the right under the Business Combination Agreement to
terminate your obligations under the Business Combination Agreement or not to consummate the Acquisition as a result of such representations in the Business Combination Agreement being inaccurate (the “Business Combination Agreement
Representations”) and (ii) the Specified Representations (as defined below) and (b) the terms of the definitive documentation for each Facility shall be in a form such that such Facility is available on the Closing Date if the
Funding Conditions are satisfied or waived (it being understood that, to the extent any Collateral (other than to the extent that a lien on such Collateral may be perfected by (x) the filing of a financing statement under the Uniform Commercial
Code or (y) the delivery of stock certificates of any material domestic subsidiary of the Company or any Guarantor (other than any 












 
subsidiary of Sprint to the extent the stock certificates of such subsidiary were not obtained after the Company’s commercially reasonable efforts on or prior to the Closing Date) which are
required to be delivered under the Term Sheets) is not or cannot be provided or perfected on the Closing Date after your use of commercially reasonable efforts to do so (consistent with the Business Combination Agreement), the provision or
perfection of a security interest in such Collateral shall not constitute a condition precedent to the availability of the Facilities and the making of the initial loans and other extensions of credit thereunder on the Closing Date, but shall be
required to be perfected within 90 days after the Closing Date (in each case subject to extensions granted by the applicable Administrative Agent, in its sole discretion)). For purposes hereof, (x) “Specified Representations”
means the representations and warranties of the Borrower and each of the Guarantors set forth in the applicable Term Sheet with respect to (A) organization and power, authorization, due execution and delivery, in each case as they relate to the
entering into and performance of the definitive documentation for such Facility by the Borrower and the Guarantors; (B) the enforceability with respect to the Borrower and Guarantors of the definitive documentation for such Facility (subject to
customary enforceability exceptions); (C) noncontravention by the definitive documentation for such Facility with respect to the organizational documents of the Borrower and the Guarantors; (D) Federal Reserve margin regulations;
(E) Investment Company Act status of the Borrower and the Guarantors; (F) use of proceeds of the loans under such Facility not in violation of OFAC and FCPA; (G) solvency as of the Closing Date of the Company and its subsidiaries
(including Sprint and its subsidiaries) on a consolidated basis (with solvency to be defined in a manner consistent with the form of solvency certificate attached as Exhibit E); (H) the creation, validity and perfection of the security interests in
the Collateral (subject in all respects to the limitations set forth above in this paragraph), (I) the PATRIOT Act and (J) absence of a Specified Event of Default and (y) “Specified Event of Default” means a bankruptcy event of
default with respect to the Company or the Borrower. The provisions of this paragraph are referred to as the “Documentation Provision”. 

You agree (a) to indemnify and hold harmless each of the Initial Lenders and Arrangers and each of their affiliates, and each of the
respective officers, directors, employees, members, partners, trustees, advisors, agents and controlling persons of the foregoing and their respective successors and assigns (each, an “indemnified person”), from and against any and
all losses, claims, damages and liabilities, and expenses reasonably related thereto, to which any such indemnified person may become subject arising out of or in connection with this Commitment Letter, the Original Commitment Letter, the Amended
and Restated Commitment Letter, the Term Sheets, the Fee Letter, the Original Fee Letter (as defined in the Fee Letter), the Amended and Restated Fee Letter (as defined in the Fee Letter), the Facilities and the actual or proposed use of the
proceeds thereof or any claim, litigation, investigation or proceeding relating to any of the foregoing, regardless of whether any indemnified person is a party thereto (and regardless of whether such matter is initiated by you or by any other
person) (any of the foregoing, a “Proceeding”), and to reimburse each indemnified person upon demand for any reasonable and documented out-of-pocket
legal or other out-of-pocket expenses incurred in connection with investigating or defending any Proceeding (it being agreed that, notwithstanding the foregoing, you
shall not be responsible for the reimbursement of fees, charges and disbursements of more than one firm of counsel for all the indemnified persons and, if deemed reasonably necessary by us, one firm of regulatory counsel and/or one firm of local
counsel in each appropriate jurisdiction, in each case for all indemnified persons, except where any indemnified person reasonably believes that an actual or perceived conflict of interest exists affecting such indemnified person and informs you of
such conflict, in which case you shall also be responsible for the reimbursement of fees, charges and disbursements of one firm of counsel (and, if deemed reasonably necessary by such indemnified person, one firm of regulatory and/or one firm of
local counsel in each appropriate jurisdiction) for such indemnified person); provided that the foregoing indemnity will not, as to any indemnified person, apply to losses, claims, damages, liabilities or related expenses (i) to the
extent they are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the bad faith, willful misconduct or gross negligence of such indemnified person or any
Related Person thereof (as defined below) or a material breach of the agreements set forth herein of such 












 
indemnified person or any of its Related Persons or (ii) to the extent resulting from any Proceeding that does not involve an act or omission of you or any of your affiliates and that is
brought by an indemnified person against any other indemnified person, other than claims against any Initial Lender or Arranger in its capacity in fulfilling its role as an agent or arranger or any other similar role under the Facilities; and
(b) to reimburse the Initial Lenders, the Arrangers and each of their affiliates upon demand for all reasonable and documented out-of-pocket expenses (including
reasonable fees, charges and disbursements of one firm of outside counsel (and, if deemed reasonably necessary by us, one firm of regulatory counsel and/or one firm of local counsel in each appropriate jurisdiction)) incurred in connection with the
Facilities and any related documentation (including this Commitment Letter, the Original Commitment Letter, the Amended and Restated Commitment Letter, the Term Sheets, the Fee Letter, the Original Fee Letter, the Amended and Restated Fee Letter,
and the definitive documentation for the Facilities) or the amendment, modification or waiver of any thereof. No indemnified person shall be liable for any damages arising from the use of Information or other materials obtained through electronic,
telecommunications or other information transmission systems, except to the extent any such damages are found by a final, non-appealable judgment of a court of competent jurisdiction to arise from the gross
negligence or willful misconduct of such indemnified person or any of its Related Persons, and no party hereto shall be liable for any special, indirect, consequential or punitive damages in connection with this Commitment Letter, the Original
Commitment Letter, the Amended and Restated Commitment Letter, the Term Sheets, the Fee Letter, the Original Fee Letter, the Amended and Restated Fee Letter, the Facilities or its activities related thereto; provided that nothing contained in
this sentence will limit your indemnity and reimbursement obligations set forth in this paragraph. For purposes hereof, a “Related Person” of an indemnified person means (a) any controlling person, controlled affiliate or
subsidiary of such indemnified person, (b) the respective directors, officers or employees of such indemnified person or any of its subsidiaries, controlled affiliates or controlling persons, and (c) the respective agents and advisors of
such indemnified person or any of its subsidiaries, controlled affiliates or controlling persons (with respect to this clause (c), in each case acting at the direction of such indemnified person or such subsidiaries, controlled affiliates or
controlling persons). 
 You will not, without the prior written consent of the applicable indemnified person (which shall not be
unreasonably withheld), settle, compromise, consent to the entry of any judgment in or otherwise seek to terminate any Proceeding in respect of which indemnification may be sought hereunder (whether or not any indemnified person is a party thereto)
unless such settlement, compromise, consent or termination (i) includes an unconditional release of such indemnified person from all liability or claims that are the subject matter of such Proceeding and (ii) does not include a statement
as to, or an admission of, fault, culpability, or a failure to act by or on behalf of such indemnified person. You will not be liable for any settlement, compromise, consent or termination of any pending or threatened Proceeding effected without
your prior written consent (which shall not be unreasonably withheld); provided that the foregoing indemnity will apply to any such settlement, compromise, consent or termination in the event that you were offered the ability to assume the
defense of the action that was the subject matter of such settlement, compromise, consent or termination and elected not to assume such defense; and provided, further, that if a Proceeding is settled, compromised, consented to or
terminated with your prior written consent or if there is a final judgment in any such Proceeding, you agree to indemnify and hold harmless each indemnified person to the extent and in the manner set forth above. 

This Commitment Letter shall not be assignable by you without the prior written consent of each of the Initial Lenders and the Arrangers (and
any purported assignment without such consent shall be null and void), is intended to be solely for the benefit of the parties hereto and the indemnified persons and is not intended to confer any benefits upon, create any rights in favor of or be
enforceable by or at the request of any person other than the parties hereto and the indemnified persons. Except (x) as provided in the eighth paragraph of this Commitment Letter and (y) with respect to assignments between GSLP and GS
Bank, the Initial Lenders may not assign all or any portion of their respective commitments in respect of any Facility hereunder (and any purported assignment without such consent shall be null and void). The













 
commitments hereunder of the Initial Lenders with respect to each Facility shall be superseded by the commitments in respect of such Facility set forth in the definitive credit agreement for such
Facility, so long as such definitive credit agreement for such Facility is consistent with the terms of this Commitment Letter and the exhibits and annexes attached hereto (including the terms contained under the caption “Certain Funds” in
the applicable Term Sheet) and such facility does not contain any conditions to funding other than the Funding Conditions, and upon the execution and delivery of such definitive credit agreement for such Facility by all of the parties thereto and
the effectiveness of such definitive credit agreement, each Initial Lender shall be released from its commitment hereunder. Any and all obligations of, and services to be provided by, any Initial Lender or Arranger hereunder may be performed, and
any and all rights of any Initial Lender or Arranger hereunder may be exercised, by or through its affiliates; provided that such Initial Lender or Arranger shall not be relieved of any of its obligations hereunder in the event any such
affiliate shall fail to perform such obligation in accordance with the terms hereof. 
 This Commitment Letter may not be amended or waived
except by an instrument in writing signed by you and us. Delivery of an executed signature page of this Commitment Letter by facsimile transmission or other electronic means shall be effective as delivery of a manually executed counterpart hereof.
This Commitment Letter and the Fee Letter are the only agreements that have been entered into among the parties hereto with respect to the Facilities and set forth the entire understanding of the parties hereto with respect thereto. 

THIS COMMITMENT LETTER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK; provided that
(a) the interpretation of Material Adverse Effect and whether a Material Adverse Effect has occurred, (b) the accuracy of any Business Combination Agreement Representations and whether as a result of a breach thereof you (or any of your
affiliates) have the right under the Business Combination Agreement to terminate your obligations under the Business Combination Agreement or not to consummate the Acquisition as a result of such representations in the Business Combination Agreement
being inaccurate and (c) whether the Acquisition has been consummated in accordance with the Business Combination Agreement, shall be governed by, and construed in accordance with the laws of the State of Delaware, without giving effect to any
choice or conflict of laws provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of Delaware. Each party hereto irrevocably and
unconditionally submits to the exclusive jurisdiction of any state or Federal court sitting in the county of New York over any suit, action or proceeding directly or indirectly arising out of, relating to, based upon or as a result of this
Commitment Letter, the Original Commitment Letter, the Amended and Restated Commitment Letter, the Term Sheets, the Fee Letter, the Original Fee Letter, the Amended and Restated Fee Letter or the transactions contemplated hereby or thereby. Each
party hereto agrees that service of any process, summons, notice or document by registered mail addressed to it at the address set forth above shall be effective service of process for any suit, action or proceeding brought in any such court. Each
party hereto irrevocably and unconditionally waives any objection to the laying of venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding has been brought in any inconvenient
forum. Each party hereto agrees that a final judgment in any such suit, action or proceeding brought in any such court shall be conclusive and binding upon it and may be enforced in any other courts to whose jurisdiction it is or may be subject, by
suit upon judgment. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, RELATING TO OR BASED UPON OR AS A RESULT
OF THIS COMMITMENT LETTER, THE ORIGINAL COMMITMENT LETTER, THE AMENDED AND RESTATED COMMITMENT LETTER, THE TERM SHEETS, THE FEE LETTER, THE ORIGINAL FEE LETTER, THE AMENDED AND RESTATED FEE LETTER OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.













 This Commitment Letter is delivered to you on the understanding that none of this Commitment
Letter, the Original Commitment Letter, the Amended and Restated Commitment Letter, the Term Sheets, the Fee Letter, the Original Fee Letter, the Amended and Restated Fee Letter or any of their terms or substance shall be disclosed, directly or
indirectly, by you to any other person, except that (a) this Commitment Letter, the Original Commitment Letter, the Amended and Restated Commitment Letter, the Term Sheets, the Fee Letter, the Original Fee Letter, the Amended and Restated Fee
Letter and their terms and substance may be disclosed to your and Deutsche Telekom AG’s (“DT”), and your and DT’s respective subsidiaries, and the respective directors, officers, employees, agents, auditors, attorneys and
other advisors and representatives of each of you, DT and your respective subsidiaries who are directly involved in the consideration of this matter and informed of the confidential nature thereof; (b) this Commitment Letter, the Original
Commitment Letter, the Amended and Restated Commitment Letter, the Term Sheets and their terms and substance (and a version of the Fee Letter, the Original Fee Letter and the Amended and Restated Fee Letter redacted in the manner reasonably
acceptable to the Arrangers) may be disclosed (i) to Sprint, SoftBank Group Corp. (“SoftBank”), and their respective directors, officers, employees, agents, auditors, attorneys and other advisors and representations who are
directly involved in the consideration of the Acquisition and informed of the confidential nature thereof and (ii) to the extent requested by them, to Moody’s, S&P and Fitch on a confidential basis; (c) this Commitment Letter, the
Original Commitment Letter, the Amended and Restated Commitment Letter the Term Sheets and their terms and substance (but not the Fee Letter, the Original Fee Letter, the Amended and Restated Fee Letter or, except as specified below, their terms or
substance) may be disclosed (i) in any prospectus, offering memorandum or confidential information memorandum relating to any Permanent Financing and (ii) in one or more filings with the Securities and Exchange Commission; provided
that, notwithstanding the foregoing, you may disclose the aggregate amount payable as fees under the Fee Letter, the Original Fee Letter or the Amended and Restated Fee Letter in any of the foregoing as part of the generic aggregate transaction
expenses included in any sources and uses disclosure; (d) this Commitment Letter, the Original Commitment Letter, the Amended and Restated Commitment Letter, the Term Sheets, the Fee Letter, the Original Fee Letter, the Amended and Restated Fee
Letter and their terms and substance otherwise may be disclosed as may be compelled in a judicial or administrative proceeding or as otherwise required by law or requested by governmental authority (in which case you agree to the extent permitted by
applicable law to inform us promptly thereof); or (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Commitment Letter, the Original Commitment Letter, the Amended and Restated
Commitment Letter, the Fee Letter, the Original Fee Letter, the Amended and Restated Fee Letter or the transactions contemplated hereby or thereby or enforcement hereof or thereof; provided that the foregoing restrictions shall cease to apply
(except in respect of the Fee Letter, the Original Fee Letter and the Amended and Restated Fee Letter and their terms and substance) after this Commitment Letter has been accepted by you and it has become publicly available or, if not made publicly
available, on the date that is two years following the termination of this Commitment Letter in accordance with its terms. 
 Each Arranger
and Initial Lender shall use all non-public information provided to it by or on behalf of you hereunder solely for the purpose of providing the services that are the subject of this letter agreement and shall
treat confidentially all such information, except in each case for information that was or becomes publicly available other than by reason of disclosure by such Arranger or Initial Lender in violation of this letter agreement or was or becomes
available to such Arranger or Initial Lender or its affiliates from a source which is not known by such Arranger or Initial Lender to be subject to a confidentiality obligation to the Company, provided that nothing herein shall prevent such Arranger
or Initial Lender from disclosing any such information (i) to lenders or prospective lenders, participants or assignees under the Facilities or prospective hedge providers, in each case, on a confidential basis, (ii) to the extent
requested by them, to Moody’s, S&P and Fitch on a confidential basis, (iii) as may be compelled in a judicial or administrative proceeding or as otherwise required by law or requested by governmental authority (in which case we agree
to the extent permitted by applicable law to inform you promptly thereof (except with respect to any audit or examination conducted by bank accountants or any self-regulatory 












 
authority or governmental or regulatory authority exercising examination or regulatory authority)), (iv) to such Arranger’s or Initial Lender’s employees, legal counsel,
independent auditors and other experts or agents who need to know such information and are informed of the confidential nature of such information, (v) to any of its affiliates (with such Arranger or Initial Lender being responsible for its
affiliate’s compliance with this paragraph) and its affiliates’ employees, legal counsel, independent auditors and other experts or agents who need to know such information and are informed of the confidential nature of such information,
(vi) upon the request or demand of any regulatory authority having jurisdiction over it or any of its affiliates, (vii) to the extent any such information becomes publicly available other than by reason of disclosure by us, our respective
affiliates or any of our respective representatives in breach of this Commitment Letter, the Original Commitment Letter or the Amended and Restated Commitment Letter (viii) to the extent that such information is independently developed by us or
is received by us from a third party that is not, to our knowledge, subject to confidentiality obligations owing to you, DT, Sprint, SoftBank or any of your or their respective affiliates or related parties, (ix) to establish a due diligence
defense or (x) to enforce their respective rights hereunder or under the Original Commitment Letter, the Amended and Restated Commitment Letter, the Fee Letter, the Original Fee Letter or the Amended and Restated Fee Letter. In addition, each
Arranger and Initial Lender may disclose the existence of the Facilities and the information about the Facilities to market data collectors, similar services providers to the lending industry and service providers to the Arrangers or Initial Lenders
in connection with the administration and management of the Facilities. This undertaking by each Arranger or Initial Lender shall automatically terminate on the date that is thirty months from the Original Signing Date. Nothing in this letter
agreement precludes any Arranger or Initial Lender or its affiliates from using or disclosing any confidential information in connection with any suit, action or proceeding for the purpose of defending itself, reducing its liability or protecting or
exercising any of its rights, remedies or interests. 
 You agree that each of us will act under this Commitment Letter as an independent
contractor and that nothing in this Commitment Letter or the Fee Letter, or the communications pursuant hereto or otherwise, will be deemed to create an advisory, fiduciary or agency relationship or fiduciary duty between any of us, on the one hand,
and you, Sprint or your or its subsidiaries, affiliates or equityholders, on the other, irrespective of whether any of us has advised or is advising you on other matters. You acknowledge and agree that (a) the financing transactions
contemplated by this Commitment Letter and the Fee Letter are arm’s-length commercial transactions among us and you, (b) in connection therewith and with the process leading to such transactions,
each of us is acting solely as a principal and not as an agent or fiduciary of you, Sprint, your or its subsidiaries and affiliates or any other person, and none of us has assumed (and will not be deemed on the basis of our communications or
activities hereunder to have assumed) an advisory or fiduciary responsibility or any other obligation in favor of you, Sprint, your or its subsidiaries or affiliates or any other person (irrespective of whether any of us or any of our affiliates are
concurrently providing other services to you), and (c) you are responsible for making your own independent judgment with respect to such transactions and the process leading thereto and have consulted your own legal and financial advisors to
the extent you have deemed appropriate. You hereby waive, to the fullest extent permitted by law, any claims you may have against any of us for breach of fiduciary duty or alleged breach of fiduciary duty in connection with the financing
transactions contemplated by this Commitment Letter and agree that none of us shall have any liability (whether direct or indirect) in connection with the financing transactions contemplated by this Commitment Letter to you in respect of such a
fiduciary duty claim or to any person asserting a fiduciary duty claim on behalf of or in right of you, including your stockholders, employees and creditors. 

You acknowledge that each of us and our affiliates may be providing debt financing, equity capital or other services (including financial
advisory services) to other companies in respect of which you or Sprint may have conflicting interests. Each of us agrees that it will not use confidential information obtained from you in connection with the transactions contemplated hereby in
connection with the performance by it of services for other companies, or will furnish any such information to other companies. You also acknowledge that none of us has any obligation to use in connection with the transactions contemplated hereby,
or to furnish to you, confidential information obtained from other companies. 












 You further acknowledge that each of us, together with our affiliates, is a full service
securities firm engaged in securities trading and brokerage activities as well as providing investment banking and other financial services. In the ordinary course of business, each of us and our affiliates may provide investment banking and other
financial services to, and/or acquire, hold or sell, for our own accounts and the accounts of customers, equity, debt and other securities and financial instruments (including bank loans and other obligations) of, you and your subsidiaries and other
companies with which you or your subsidiaries may have commercial or other relationships. With respect to any securities and/or financial instruments so held by any of us, any of our affiliates or any of our or their customers, all rights in respect
of such securities and financial instruments, including any voting rights, will be exercised by the holder of the rights, in its sole discretion. 

As you know, Goldman Sachs & Co. LLC has been retained by the Company (or one of its affiliates) and DT as financial advisor (in such
capacity, the “Financial Advisor”) in connection with the Transactions. You agree to such retention, and further agree not to assert any claim you might allege based on any actual or potential conflicts of interest that might be
asserted to arise or result from the engagement of the Financial Advisor, on the one hand, and our and our affiliates’ relationships with you as described and referred to herein, on the other. Each of the Commitment Parties hereto
acknowledges (i) the retention of Goldman Sachs & Co. LLC as the Financial Advisor and (ii) that such relationship does not create any fiduciary duties or fiduciary responsibilities to such Commitment Party on the part of Goldman
Sachs or its affiliates. 
 The provisions contained herein relating to compensation, expense reimbursement, indemnification, governing law,
submission to jurisdiction, waiver of breach of fiduciary duty or alleged breach of fiduciary duty, waiver of jury trial and confidentiality and in the Fee Letter shall remain in full force and effect notwithstanding the termination of this
Commitment Letter or the commitment hereunder, and whether or not definitive documentation for any Facility shall be executed (except to the extent a similar provision relating to expense reimbursement and indemnification (covering the parties and
matters covered by the analogous provisions of this Commitment Letter) is also in the definitive documentation for such Facility, in which case such provision in the definitive documentation for such Facility shall govern upon execution thereof).
The provisions contained herein relating to syndication and information shall remain in full force and effect whether or not definitive documentation for any Facility shall be executed. 

Each of the Initial Lenders and Arrangers hereby notifies you that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it and the Lenders are required to obtain, verify and record information that identifies the Borrower and the Guarantors, which
information includes the name and address and other information of the Borrower and the Guarantors that will allow the Initial Lenders, the Arrangers and Lenders to identify the Borrower and the Guarantors in accordance with the Patriot Act. 

Each of the parties hereto agrees that this Commitment Letter is a binding and enforceable agreement (subject to the effects of bankruptcy,
insolvency, fraudulent transfer, fraudulent conveyance, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity) with respect to the subject matter contained herein, including
an agreement to fund or otherwise extend credit under the commitments hereunder subject only to satisfaction of the Funding Conditions. 












 If the foregoing correctly sets forth our agreement, please indicate your acceptance of the
terms hereof and of the Term Sheets and the Fee Letter by returning to us an executed counterpart hereof and of the Fee Letter, to the Arrangers, in each case not later than 11:59 p.m. New York City time, on September 6, 2019, failing which the
Initial Lenders’ commitments and the agreements of the Initial Lenders and Arrangers hereunder will expire at such time. In the event the Closing Date does not occur on or before 11:59 p.m. (New York time), on the Commitment Termination Date
(as defined below), the Initial Lenders’ commitments and the agreements of the Commitment Parties hereunder will automatically expire and terminate at such time, without any further action or notice and without any further obligation. For
purposes hereof, the “Commitment Termination Date” means February 1, 2020; provided that the Commitment Termination Date shall automatically, without delivery of any instrument or performance of any act by any party
hereto, be extended to May 1, 2020 in the event the Closing Date does not occur on or before 11:59 p.m. (New York time) on February 1, 2020. 

Notwithstanding the foregoing, this Commitment Letter shall also terminate upon the earlier of (i) the valid termination of the Business
Combination Agreement in accordance with its terms or (ii) the consummation of the Acquisition with the use of the Facilities (after the funding thereof) or without the use of the Facilities (unless the Commitment Parties have failed to fund in
breach of their obligations hereunder); provided that the termination of any commitment pursuant to this sentence does not prejudice our or your rights and remedies in respect of any breach of this Commitment Letter. 

The Amended and Restated Commitment Letter shall be superseded hereby in its entirety upon the effectiveness of this Commitment Letter;
provided notwithstanding anything to the contrary herein, (i) the Original Commitment Parties shall be entitled to the benefits of the indemnification and expense reimbursement provisions of this Commitment Letter as if they were in
effect on the Original Signing Date and (ii) the Commitment Parties shall be entitled to the benefits of the indemnification and expense reimbursement provisions of this Commitment Letter as if they were in effect on the Amendment and
Restatement Date. 
 [Signature pages follow.] 












 We are pleased to have been given the opportunity to assist you in connection with this
important financing. 
  

			
	Very truly yours,
		
	        	 	BARCLAYS BANK PLC
		
		 	 /s/ Martin Corrigan

		 	Name: Martin Corrigan
		 	Title: Vice President



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
		
	by	 	 /s/ Judith E. Smith

	Name:	 	Judith E. Smith
	Title:	 	Authorized Signatory
		
	by	 	 /s/ D. Andrew Maletta

	Name:	 	D. Andrew Maletta
	Title:	 	Authorized Signatory
	
	CREDIT SUISSE LOAN FUNDING LLC
		
	by	 	 /s/ Jeb Slowik

	Name:	 	Jeb Slowik
	Title:	 	Managing Director



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	by	 	 /s/ Joseph Devine

	Name:	 	Joseph Devine
	Title:	 	Director
		
	by	 	 /s/ Ian Dorrington

	Name:	 	Ian Dorrington
	Title:	 	Managing Director
	
	DEUTSCHE BANK AG CAYMAN ISLANDS BRANCH
		
	by	 	 /s/ Joseph Devine

	Name:	 	Joseph Devine
	Title:	 	Director
		
	by	 	 /s/ Ian Dorrington

	Name:	 	Ian Dorrington
	Title:	 	Managing Director
	
	DEUTSCHE BANK SECURITIES INC.
		
	by	 	 /s/ Joseph Devine

	Name:	 	Joseph Devine
	Title:	 	Director
		
	by	 	 /s/ Ian Dorrington

	Name:	 	Ian Dorrington
	Title:	 	Managing Director



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	GOLDMAN SACHS LENDING PARTNERS LLC
		
	by	 	 /s/ Robert Ehudin

	Name:	 	Robert Ehudin
	Title:	 	Authorized Signatory
	
	GOLDMAN SACHS BANK USA
		
	by	 	 /s/ Robert Ehudin

	Name:	 	Robert Ehudin
	Title:	 	Authorized Signatory



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	MORGAN STANLEY SENIOR FUNDING, INC.
		
	by	 	 /s/ Andrew Earls

	Name:	 	Andrew Earls
	Title:	 	Authorized Signatory



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	ROYAL BANK OF CANADA
		
	by	 	 /s/ James S. Wolfe

	Name:	 	James S. Wolfe
	Title:	 	 Managing Director
 Head of Global Leveraged
Finance




  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	BNP PARIBAS
		
	by	 	 /s/ Nicole Rodriguez

	Name:	 	Nicole Rodriguez
	Title:	 	Director
		
	by	 	 /s/ Brendan Heneghan

	Name:	 	Brendan Heneghan
	Title:	 	Director
	
	BNP PARIBAS SECURITIES CORP.
		
	by	 	 /s/ Nicole Rodriguez

	Name:	 	Nicole Rodriguez
	Title:	 	Director
		
	by	 	 /s/ Brendan Heneghan

	Name:	 	Brendan Heneghan
	Title:	 	Director



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	COMMERZBANK AG, NEW YORK BRANCH
		
	by	 	 /s/ Paolo de Alessandrini

	Name:	 	Paolo de Alessandrini
	Title:	 	Managing Director
		
	by	 	 /s/ Robert P. Sullivan

	Name:	 	Robert P. Sullivan
	Title:	 	Vice President



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
		
	by	 	 /s/ Gary Herzog

	Name:	 	Gary Herzog
	Title:	 	Managing Director
		
	by	 	 /s/ Tanya Crossley

	Name:	 	Tanya Crossley
	Title:	 	Managing Director



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	TD SECURITIES (USA) LLC
		
	by	 	 /s/ Marin L. Gagliardi

	Name:	 	Marin L. Gagliardi
	Title:	 	Managing Director
	
	THE TORONTO-DOMINION BANK, NEW YORK BRANCH
		
	by	 	 /s/ Pradeep Mehra

	Name:	 	Pradeep Mehra
	Title:	 	Authorized Signatory



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	by	 	 /s/ Spencer Ferry

	Name:	 	Spencer Ferry
	Title:	 	Vice President
	
	WELLS FARGO SECURITIES, LLC
		
	by	 	 /s/ Marc Birenbaum

	Name:	 	Marc Birenbaum
	Title:	 	Managing Director



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	BANCO SANTANDER, S.A., NEW YORK BRANCH
		
	by	 	 /s/ Rita Walz-Cuccioli

	Name:	 	Rita Walz-Cuccioli
	Title:	 	Executive Director
		
	by	 	 /s/ Terence Corcoran

	Name:	 	Terence Corcoran
	Title:	 	Executive Director



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	SOCIETE GENERALE
		
	by	 	 /s/ Jonathan Logan

	Name:	 	Jonathan Logan
	Title:	 	Director



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	SUNTRUST BANK
		
	by	 	 /s/ David J. Sharp

	Name:	 	David J. Sharp
	Title:	 	Director
	
	SUNTRUST ROBINSON HUMPHREY, INC.
		
	by	 	 /s/ Peter Almond

	Name:	 	Peter Almond
	Title:	 	Managing Director



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	NATIONAL WESTMINSTER BANK PLC
		
	by	 	 /s/ Nathan Stromberg

	Name:	 	Nathan Stromberg
	Title:	 	Managing Director
	
	NATWEST MARKETS PLC
		
	by	 	 /s/ Nathan Stromberg

	Name:	 	Nathan Stromberg
	Title:	 	Managing Director



  
 [Signature Page to
Project Lakes Commitment Letter] 













 
			
	U.S. BANK NATIONAL ASSOCIATION
		
	by	 	 /s/ Eugene Butera

	Name:	 	Eugene Butera
	Title:	 	Vice President



  
 [Signature Page to
Project Lakes Commitment Letter] 













 Accepted and agreed to as of 

the date set forth above by: 
  

					
		 	T-MOBILE USA, INC.,
			
	      	 	by	 	 /s/ J. Braxton Carter

		 	Name:	 	J. Braxton Carter
		 	Title:	 	Chief Financial Officer


  
 [Signature Page to
Project Lakes Commitment Letter] 













 EXHIBIT A 

PROJECT LAKES 
 US$8.0
Billion Senior Secured Credit Facility 
 Summary of Terms and Conditions2

  

			
	Borrower:	  	T-Mobile USA, Inc., a Delaware corporation (the “Borrower”).
		
	Facilities:	  	A US$4.0 billion five-year revolving credit facility (the “Revolving Credit Facility”) and a US$4.0 billion seven-year term loan facility (the “Term Loan Facility”, and together with the
Revolving Credit Facility, the “Senior Credit Facilities”).
		
	Joint Lead Arrangers and Joint Lead Bookrunners:	  	Barclays, CSLF, DBSI, GS Bank, MSSF and RBCCM (in such capacities, the “Lead Arrangers”).
		
	Other Bookrunners:	  	BNPPSC, Commerzbank, CACIB, TD Securities and Wells Fargo Securities will act as bookrunners for the Revolving Credit Facility and as co-managers for the Term Loan Facility (in such capacities, the “Other
Bookrunners”).
		
	Co-Managers:	  	Banco Santander, SG, STRH, NatWest and U.S. Bank (in such capacities, the “Co-Managers” and, together with the Other Bookrunners and the Lead Arrangers, the “Arrangers”).
		
	Administrative and Collateral Agent:	  	DBNY (in such capacities, the “Senior Administrative Agent” and the “Senior Collateral Agent”).
		
	Syndication Agents:	  	Barclays, CSLF, DBSI, GS Bank, MSSF and RBCCM.
		
	Lenders:	  	A syndicate of lenders reasonably acceptable to the Borrower, including Barclays, CS, DBNY, Goldman Sachs, MSSF, RBC, BNP, Commerzbank, CACIB, TD Bank, Wells Fargo Bank, Banco Santander, SG, SunTrust, NatWest and U.S. Bank and
excluding Disqualified Lenders (collectively, the “Lenders”).
		
	Transactions:	  	The Company intends to acquire (the “Acquisition”), all the issued and outstanding equity interests Sprint Corporation (“Sprint”), pursuant to a Business Combination Agreement, dated as of April
29, 2018, by and among the Company, Sprint and the other parties thereto, as amended by Amendment No. 1 thereto, dated as of July 26, 2019 (the “Business Combination Agreement”). In connection with the foregoing, the Company will
(a) obtain the Senior Credit Facilities, (b) obtain the Secured Bridge Facility (as defined in Exhibit B) and/or the Permanent Financing, (c) consummate the Refinancing (as defined in the Fee Letter),

  

	2 	 Capitalized terms used but not otherwise defined in this Exhibit A have the meanings assigned thereto in
the Commitment Letter to which this Exhibit A is attached, including the other exhibits thereto. 



  
 A-1 














			
		  	and (d) pay the fees and expenses incurred in connection with the foregoing. It is anticipated that all or a portion of the Secured Bridge Facility may be replaced or refinanced by, among other things, (i) secured notes (any such
secured notes issued prior to or on the Closing Date, the “Initial Secured Notes”) of the Borrower or its subsidiaries in a public offering or in a Rule 144A or other private placement and/or (ii) other financing entered into
by the Borrower or its subsidiaries the proceeds of which are used or required to be used to reduce the commitments in respect of the Secured Bridge Facility or if the Secured Bridge Facility has been funded, to repay the loans thereunder (any
combination of clauses (i) and (ii), collectively, the “Permanent Financing”). The transactions described in this paragraph are collectively referred to as the “Transactions”.
		
	Availability:	  	 The Term Loan Facility will be available in a single drawing on the Closing Date. Amounts borrowed under the Term Loan Facility that are
repaid or prepaid may not be reborrowed.
  
 The Revolving Credit Facility will be
available from and after the Closing Date. Amounts repaid under the Revolving Credit Facility may be reborrowed, subject to the limitations set forth herein.

		
	Guarantors:	  	 T-Mobile US, Inc. (“Parent”), each subsidiary of Parent that, directly or indirectly, owns equity interests of the
Borrower and each wholly-owned U.S. restricted subsidiary of the Borrower (including, from and after the Closing Date, Sprint and each of its wholly-owned U.S. restricted subsidiaries), other than each Excluded Subsidiary, will guarantee (the
“Guarantees”) the Senior Credit Facilities, the Permitted Secured Hedging Obligations and the Permitted Cash Management Obligations, subject to the same exceptions and limitations (if any) applicable to such Guarantor’s
guarantee of the Borrower’s obligations under the senior notes issued by the Borrower and outstanding as of the Original Signing Date (the “Existing T-Mobile Notes”).

 
 “Excluded Subsidiary” will be defined in a customary manner to be
agreed, and in any case exclude:
  

i.   “Immaterial Subsidiaries” (to be defined as any subsidiary having less than 2.5% of
the Borrower’s consolidated total assets; provided that the aggregate total assets of all immaterial subsidiaries shall not exceed 5.0% of the Borrower’s consolidated total assets);

 
 ii.  direct or indirect domestic
subsidiaries of any foreign subsidiary of the Borrower that is a controlled foreign corporation for U.S. federal income tax purposes (a “CFC”);
  

iii.   any domestic subsidiary that owns no material assets (directly or through subsidiaries) other
than equity interests of one or more foreign subsidiaries of the Borrower that are CFCs (a “FSHCO”);



  
 A-2 














			
		 	 iv.   any insurance subsidiary;

 
 v.  any subsidiary organized in a
jurisdiction other than the United States, any State thereof or the District of Columbia (including, for the avoidance of doubt, any subsidiary organized in a territory of the United States);

 
 vi.   existing and future
spectrum SPVs (each, a “Spectrum SPV”), receivables SPVs and tower SPVs;
  

vii.  any subsidiary that is prohibited from guaranteeing the obligations under the loan documents by any
applicable law or that would require consent, approval, license or authorization of a governmental authority to guarantee such obligations (unless such consent, approval, license or authorization has been received);

 
 viii.  each subsidiary that is
prohibited by any applicable contractual requirement on the Closing Date or on the date of the acquisition of such subsidiary (not created in contemplation of the acquisition by the Borrower of such subsidiary) from guaranteeing the obligations
under the loan documents (and for so long as such restriction or any replacement or renewal thereof is in effect);
  

ix.   any other subsidiary if in the reasonable good faith determination of the Borrower in
consultation with the Senior Administrative Agent, a guarantee by such subsidiary would result in materially adverse tax or regulatory consequences to the Borrower or any of its subsidiaries; and

 
 x.  any other subsidiary with respect
to which the Senior Administrative Agent reasonably agrees that the cost or other consequences of providing a guarantee is likely to be excessive in relation to the value to be afforded thereby.

 
 Notwithstanding the foregoing or anything herein to the contrary, (I) each of
Sprint and its subsidiaries will not be required to guarantee the Senior Credit Facilities until the first date on or after the Closing Date that Sprint or such subsidiary actually guarantees the Existing T-Mobile Notes; (II) the guarantees of the
Senior Credit Facilities by Sprint, Sprint Communications, Inc. (“Sprint Communications”) and Sprint Capital Corp. (“Sprint Capital”, and together with Sprint and Sprint Communications, the “Unsecured
Guarantors”) will not be secured; and (III) each Subsidiary of the Parent that guarantees any of the Existing T-Mobile Notes will guarantee the Senior Credit Facilities.



  
 A-3 














			
		  	In addition, notwithstanding anything contained herein to the contrary, no Guarantor shall be jointly and severally liable or guarantee or provide any collateral as security for any Permitted Secured Hedging Obligations if, and
to the extent that such liability or such guaranty of such swap obligation is or becomes illegal under the Commodity Exchange Act.
		
	Security:	  	 Subject to the limitations set forth below in this section and the Documentation Provision, the obligations of the Borrower and each
Guarantor (other than each Unsecured Guarantor and each SPV Holdco for which the Borrower has made an Unsecured SPV Holdco Election (as defined below)) in respect of the Senior Credit Facilities, (unless the Borrower otherwise elects by notice to
the Senior Administrative Agent at the time it enters into such obligation or the agreement governing such obligation) any hedging obligations of the Borrower owed to a Lender, the Senior Administrative Agent, the Arrangers or their respective
affiliates or to an entity that was a Lender, the Senior Administrative Agent, Arranger or affiliate thereof at the time of such transaction (“Permitted Secured Hedging Obligations”) and (unless the Borrower otherwise elects by
notice to the Senior Administrative Agent at the time it enters into such obligation or the agreement governing such obligation) any treasury management obligations of the Borrower owed to a Lender, the Senior Administrative Agent, the Arrangers or
their respective affiliates or to an entity that was a Lender, the Senior Administrative Agent, Arranger or affiliate thereof at the time of such transaction (“Permitted Cash Management Obligations”) will be secured by the
following: a perfected first priority (subject to liens permitted under the Senior Credit Facilities) security interest in substantially all of its tangible and intangible personal property assets, including U.S. intellectual property, licenses,
permits, material intercompany indebtedness, and all of the capital stock directly owned by the Borrower and each such Guarantor (but limited in the case of voting stock of any CFC or FSHCO to 65% of the voting stock of such CFC or FSHCO) (the items
described above, but excluding the Excluded Assets (as defined below), collectively, the “Collateral”).
  

Notwithstanding anything to the contrary, the Collateral shall exclude the following:
  

i.   any interest in real property;

 
 ii.  motor vehicles and other assets
subject to certificates of title (except to the extent perfection can be obtained by filing of financing statements), letter of credit rights (except to the extent perfection can be obtained by filing of financing statements) and commercial tort
claims (except to the extent perfection can be obtained by filing of financing statements);



  
 A-4 














			
		 	 iii.   any lease, license or other similar agreement or any property subject to
a purchase money security interest, capital lease or similar arrangement to the extent that a grant of a security interest therein would violate or invalidate such lease, license or other agreement or purchase money arrangement, capital lease, or
similar arrangement or create a right of termination in favor of any other party thereto (other than a Borrower or a Guarantor) after giving effect to the applicable anti-assignment provisions of applicable law, other than proceeds and receivables
thereof, the assignment of which is expressly deemed effective under applicable law notwithstanding such prohibition;
  

iv.   any “intent to use” trademark applications prior to the issuance of a statement of
use with respect thereto;
  
 v.  (i)
any governmental licenses or state or local franchises, licenses, permits, charters and authorizations, to the extent security interests therein are prohibited or restricted thereby and (ii) any equity in a regulated subsidiary or any asset owned by
a regulated subsidiary to the extent prohibited by any law, rule or regulation or that would if pledged, in the good faith judgment of Parent, result in adverse regulatory consequences or impair the conduct of the business of Parent or such
subsidiaries, in each case of clauses (i) and (ii) after giving effect to the applicable anti-assignment provisions of applicable law;
  

vi.   any equity interests of (a) unrestricted subsidiaries, (b) Parent, (c) any Immaterial
Subsidiary, (d) any captive insurance subsidiaries, (e) any not-for-profit subsidiaries, (f) any receivables SPVs and tower SPVs, and (g) any person that is not a wholly-owned restricted subsidiary to the extent the granting of a security interest
therein would violate the terms of such person’s organizational documents or any shareholders’ agreement or joint venture agreement relating to such person;
  

vii.  assets securing any permitted receivables transaction;

 
 viii.  any assets to the extent a
pledge thereof would be prohibited by applicable law, rule or regulation after giving effect to the applicable anti-assignment provisions of applicable law, or by any applicable contractual requirement on the Closing Date or on the date of the
acquisition of such subsidiary (not created in contemplation of the acquisition by the Borrower of such subsidiary) (and for so long as such restriction or any replacement or renewal thereof is in effect);

 
 ix.   any assets to the extent
a security interest in such assets would result in material adverse tax consequences (including as a result of any law or regulation in any applicable jurisdiction similar to Section 956 of the Internal Revenue Code) as reasonably determined by the
Borrower in consultation with the Senior Administrative Agent;



  
 A-5 














			
		 	 x.  margin stock;

 
 xi.   any assets as to which
the Senior Collateral Agent reasonably determines in consultation with the Borrower that the costs of obtaining a security interest are excessive in relation to the value of the security afforded thereby;

 
 xii.  any assets (including equity
interests) held by a Spectrum SPV;
  

xiii.  for the avoidance of doubt, any assets held by an Unsecured Guarantor and, if the Borrower makes
the Unsecured SPV Holdco Election, any assets (any equity interests issued by any Spectrum SPV) held by the applicable SPV Holdco;
  

xiv.  FCC Licenses, but solely to the extent that at any time the Senior Administrative Agent may not
validly possess a security interest directly in the FCC Licenses pursuant to the Communications Act of 1934, as amended, and the regulations promulgated thereunder, as in effect at such time provided that, to the maximum extent permitted by law, the
economic value of the FCC Licenses, all rights incident or appurtenant to the FCC Licenses and the right to receive all monies, consideration and proceeds derived from or in connection with the sale, assignment or transfer of the FCC License, shall
not be excluded pursuant to this clause (xiii); and
  

xv.  other exceptions to be mutually agreed upon (the foregoing described in clauses (i) through (xiv) are
collectively, the “Excluded Assets”).
  
 In addition, in no event
shall (1) deposit or securities account control agreements or control, lockbox or similar arrangements be required, (2) notices be required to be sent to account debtors or other contractual third parties unless an event of default has occurred and
is continuing or (3) foreign-law governed security documents or perfection under foreign law be required.
  

The liens on the Collateral securing the Senior Credit Facilities will rank equally and ratably with the liens securing the Secured Bridge Facility and/or any
Permanent Financing designated by the Borrower, existing and future secured spectrum leases under which the Borrower or any of its restricted subsidiaries are a party, and other secured debt or other obligations permitted to be incurred on an equal
and ratable basis from time to time consistent with the Precedent Senior Credit Agreement, pursuant to a customary intercreditor or collateral trust agreement. Such intercreditor or collateral trust agreement will provide for control of collateral
release decisions and other terms necessary to ensure that Section 314(d) of the Trust Indenture Act is inapplicable to any secured notes (including the Initial Secured Notes) secured thereunder.



  
 A-6 














			
		  	 Notwithstanding the foregoing or anything herein to the contrary, (i) no liens shall secure obligations of Sprint, Sprint Communications
or Sprint Capital under the Guarantees thereof and (ii) to the extent that the granting, or continuation, of any lien or security interest on any assets of Sprint or any subsidiary of Sprint would require any Unsecured Guarantor’s existing
senior notes to be secured on an equal and ratable basis, such lien shall not be required to be granted, or shall be released.
  

If the Borrower or any Subsidiary sells, transfers, conveys or otherwise disposes of any FCC Licenses or other spectrum or related property or assets to a
Spectrum SPV in connection with the incurrence of Indebtedness by such Spectrum SPV, the liens on such property or assets securing the Senior Credit Facilities will be automatically released.

 
 At any time or from time to time, the Borrower may by written notice to the Senior
Administrative Agent elect (a “Unsecured SPV Holdco Election”) to cause the Guarantee by any Subsidiary that owns no material assets other than equity interests in one or more Spectrum SPVs or a holding company of one or more
Spectrum SPVs (any such Subsidiary, a “SPV Holdco”) to become unsecured, so long as from and after such election the applicable SPV Holdco does not guarantee (except on a subordinated basis) the Existing T-Mobile Notes or any other
Indebtedness, other than (a) the Secured Bridge Facility, (b) any Initial Secured Notes or other secured notes, (c) any other Indebtedness that is secured equal and ratably with the Senior Credit Facilities, the Secured Bridge Facility and/or the
Initial Secured Notes, or (d) any Indebtedness of subsidiaries of such SPV Holdco.
  

	Unrestricted Subsidiaries:	  	The definitive documents for the Senior Credit Facilities will contain customary provisions allowing the Borrower to, subject to no event of default, designate any restricted subsidiary as an unrestricted subsidiary or any
unrestricted subsidiary as a restricted subsidiary. Unrestricted subsidiaries shall not be subject to the representations, warranties, covenants and events of default and the indebtedness, interest expense and results of operations of unrestricted
subsidiaries will be excluded from financial calculations; provided that, the net income of any unrestricted subsidiary may be included in any period to the extent of any cash dividends actually paid in such period by such unrestricted
subsidiaries to the Borrower or any of its restricted subsidiaries. The designation of an unrestricted subsidiary shall be deemed to be an investment in an amount equal to the fair market value of such subsidiary at the time of such designation and
shall be subject to the restrictions on investments. The redesignation of an unrestricted subsidiary as a restricted subsidiary shall be deemed to be a return of investments equal to the fair market value of the subsidiary at the time of such
redesignation and the incurrence at the time of such redesignation of any indebtedness and liens of such unrestricted subsidiary existing at such time.


  
 A-7 














			
		  	 On the Closing Date, the Borrower may designate as unrestricted subsidiaries (1) any receivables or towers SPV entities and (2) any
subsidiaries which are also designated as unrestricted subsidiaries for purposes of the Borrower’s existing senior notes, in each case without any reduction of the borrower’s investment baskets.

 

	Use of Proceeds:	  	 The proceeds of the Term Loan Facility will be used by the Borrower on the Closing Date, together with cash on hand and/or drawings on
other committed financing, to finance the Refinancing and the other Transactions, and otherwise for working capital and general corporate purposes of the Borrower and its subsidiaries (including permitted acquisitions, capital expenditures and
permitted distributions).
  
 The proceeds of the Revolving Credit Loans will be used
(i) on the Closing Date, together with cash on hand and drawings on other committed financing, to finance the Refinancing and the other Transactions and (ii) on and after the Closing Date for the working capital and general corporate purposes of the
Borrower and its subsidiaries (including permitted acquisitions, capital expenditures and permitted distributions). It is understood and agreed that Letters of Credit may be issued on the Closing Date to replace or provide credit support for any
existing letters of credit of Sprint and its subsidiaries (including by “grandfathering” such existing letters of credit into the Revolving Credit Facility).

 

	Maturity:	  	 The Revolving Credit Facility will mature on the five-year anniversary of the Closing Date and, prior to the final maturity thereof, will
not be subject to any scheduled amortization.
  
 The Term Loan Facility will mature on
the seven-year anniversary of the Closing Date and will amortize at a rate of 1% per annum (payable in four (4) equal quarterly installments, beginning after the first full quarter ending after the Closing Date), with the balance payable on the
seventh anniversary of the Closing Date.
  
 The definitive documents for the Senior
Credit Facilities shall provide the right for individual Lenders under the Revolving Credit Facility and/or the Term Loan Facility to agree to extend the maturity date of the outstanding commitments under such Facility upon the request of the
Borrower and without the consent of any other Lender pursuant to customary procedures to be agreed; provided, that no existing Lender will have any obligation to commit to any such extension; and, provided, further, that the
commitment fees and/or interest rate payable with respect to the extended portion of the Revolving Credit Facility and/or Term Loan Facility may be increased as may be agreed with the extending Lenders, with such extension not subject to any
financial test or “most favored nation” pricing provision.



  
 A-8 














			
	Incremental Facilities:	  	 The definitive documentation with respect to the Senior Credit Facilities will permit the Borrower to add one or more incremental term
loan facilities to the Senior Credit Facilities (each, an “Incremental Term Facility” and the loans made under such facility or facilities, the “Incremental Term Loans”) and/or increase commitments under the
Revolving Credit Facility (any such increase, an “Incremental Revolving Increase”; the Incremental Term Facilities and the Incremental Revolving Increases are collectively referred to as “Incremental Facilities”) in
an aggregate principal amount for all such increases and incremental facilities not to exceed the sum of (a) the greater of (i) $22.0 billion and (ii) 1.00x Consolidated Cash Flow, (b)(i) the amount of any voluntary repayments of the
Term Loan Facility (and/or any incremental term loan facility) other than those funded with the proceeds of long-term indebtedness and (ii) the amount of any permanent reduction in the commitments in respect of the Revolving Credit Facility
(and/or any incremental revolving credit facility) other than those funded with the proceeds of long-term indebtedness, and (c) an unlimited amount, so long as on a pro forma basis after giving effect to the incurrence of any such Incremental
Facility and the use of the proceeds thereof (and after giving effect to any acquisition consummated concurrently therewith and all other appropriate pro forma adjustment events and calculated (x) as if any Incremental Revolving Increase were fully
drawn on the effective date thereof and (y) excluding any cash constituting proceeds of any Incremental Facility), with respect to any Incremental Facilities secured on an equal and ratable basis to the Senior Credit Facilities, the First Lien
Secured Net Leverage Ratio3 (to be defined in the definitive documentation for the Senior Credit Facilities) does not exceed 2.00 to 1.00 (or, with respect to any Incremental Facilities secured on
a junior basis to the Senior Credit Facilities, the Senior Secured Net Leverage Ratio (to be defined in the definitive documentation for the Senior Credit Facilities) does not exceed 2.50 to 1.00, or with respect to any unsecured Incremental
Facilities, the Total Net Leverage Ratio (to be defined in the definitive documentation for the Senior Credit Facilities) does not exceed 6.00 to 1.00) (provided that (I) Incremental Facilities will be deemed to be incurred under the
foregoing clause (c) before clauses (a) and (b) and (II) to the extent amounts are incurred concurrently under the foregoing clauses (a), (b) and (c), the applicable ratio may exceed the applicable ratio level set forth in clause (c) to the extent
of such amounts incurred in reliance on clauses (a) and (b)), provided that:
  

i.   no existing Lender will be required to participate in any such Incremental Facility without its
consent;


  

	3 	 Indebtedness for purposes of determining the First Lien Secured Net Leverage Ratio, Senior Secured Net Leverage
Ratio and Total Net Leverage Ratio shall be limited to indebtedness for borrowed money (including indebtedness of any Spectrum SPV, but excluding indebtedness in respect of tower securitizations, capital leases and purchase money debt, and other
exceptions to be agreed), and such ratios shall allow all unrestricted cash and cash equivalent of the Company and its subsidiaries to be netted. 



  
 A-9 














			
		  	 ii.  no event of default under the Senior Credit Facilities would exist after giving
effect thereto (provided that, in the case of Incremental Facilities used to finance a permitted acquisition and to the extent the lenders participating in such Incremental Facility agree, this clause (ii) shall be tested at the time of the
execution of the acquisition agreement related to such permitted acquisition);
  

iii.   all of the representations and warranties contained in the definitive documentation for the
Senior Credit Facilities shall be true and correct in all material respects (or, in all respects, if qualified by materiality); provided that in the case of Incremental Term Facilities used to finance a permitted acquisition and to the extent the
lenders participating in such Incremental Term Facility agree, this clause (iii) shall be subject only to customary “specified representations” and “acquisition agreement representations” (i.e., those representations of the
seller or the target (as applicable) in the applicable acquisition agreement that are material to the interests of the Lenders and only to the extent that the Company or its applicable subsidiary has the right to terminate its obligations under the
applicable acquisition agreement as a result of the failure of such representations to be accurate);
  

iv.   the maturity date of any such Incremental Term Facility shall be no earlier than the maturity
date of the Term Loan Facility and the weighted average life of such Incremental Term Facility shall not be shorter than the then longest remaining weighted average life of the Term Loan Facility (in each case, other than with respect to (I) any
Incremental Term Facility with amortization in excess of 1% per year that are marketed principally to commercial banks (as determined by the Borrower), (II) up to $5 billion of Incremental Facilities and (III) any “bridge loan” facilities
that automatically convert or exchange into long-term debt otherwise meeting the requirements of this clause (iv) subject only to customary conditions and (IV) any Incremental Term Facility incurred to refinance the Secured Bridge Facility);

 
 v.  in the case of an Incremental
Revolving Increase, the maturity date of such Incremental Revolving Increase shall be the same as the maturity date of the Revolving Credit Facility, such Incremental Revolving Increase shall require no scheduled amortization or mandatory commitment
reduction prior to the final maturity of the Revolving Credit Facility and the Incremental Revolving Increase shall be on the same terms and pursuant to the exact same documentation applicable to the Revolving Credit Facility;



  
 A-10 














			
		 	 vi.   the Incremental Facilities will not be guaranteed by any subsidiaries of the
Parent that do not guarantee the Senior Credit Facilities and, if secured, will be secured on an equal and ratable basis or junior basis by the same Collateral (as defined above) securing the Senior Credit Facilities;

 
 vii.  any Incremental Term Facility
shall share not greater than ratably in any mandatory prepayments of the Term Loan Facility and such Incremental Term Facility;
  

viii.  any Incremental Term Facility shall otherwise be on terms (including pricing and fees) and pursuant
to documentation to be determined by the Borrowers and the Additional Incremental Lenders (as defined below) providing the Incremental Term Facility; provided that to the extent such terms (other than pricing and fees) and documentation are
not consistent with the applicable Senior Credit Facility (except to the extent permitted above in clauses (i)-(vii)), they shall be reasonably satisfactory to the Senior Administrative Agent (it being understood that, to the extent that any term is
added for the benefit of any Incremental Term Facility, no consent shall be required from Lenders under the Term Loan Facility to the extent that such term is (a) also added for the benefit of the Term Loan Facility or (b) is only applicable after
the maturity of the Term Loan Facility);
  

ix.   the Company shall be in compliance with the Financial Covenant on a pro forma basis
(provided that, in the case of Incremental Facilities used to finance a Limited Condition Acquisition (to be defined in a manner to be agreed) and to the extent the lenders participating in such Incremental Facility agree, this clause (ix)
and compliance with any representations, warranties, defaults or events of default shall be tested at the time of the execution of the acquisition agreement related to such Limited Condition Acquisition).

 
 The definitive documentation with respect to the Senior Credit Facilities will not
include any financial test with respect to the Incremental Facilities (other than as expressly set forth above).



  
 A-11 














			
		  	 The Borrowers may seek commitments in respect of the Incremental Facilities from existing Lenders (each of which shall be entitled to
agree or decline to participate in its sole discretion) and additional banks, financial institutions and other lenders (other than Disqualified Lenders) who will become Lenders in connection therewith (“Additional Incremental
Lenders”); provided, further, that solely with respect to any Incremental Revolving Increase, the Senior Administrative Agent and the Issuing Lenders shall have consent rights (not to be unreasonably withheld, conditioned or
delayed) with respect to such Additional Incremental Lender, if such consent would be required for an assignment of Revolving Loans or commitments, as applicable, to such Additional Incremental Lender.

 
 The Senior Credit Facilities will permit the Borrower to utilize availability under the
Incremental Facilities to issue notes that are (at the option of the Borrower) unsecured or secured by the Collateral on an equal and ratable or junior basis (“Incremental Notes”); provided that such notes:

 
 i.   do not mature prior to the
date that is 91 days after the final stated maturity of, or have a shorter weighted average life than, loans under the initial Term Loans;
  

ii.  do not require mandatory prepayments to be made except, in the case of secured Incremental Notes, to
the extent required to be applied pro rata to the Term Facility and any other equal and ratable secured debt;
  

iii.   to the extent secured, shall not be secured by any lien on any asset of any Borrower or any
Guarantor (as defined below) that does not also secure the Term Facility, or be guaranteed by any person other than the Guarantors;
  

iv.   to the extent secured, shall be secured on an equal and ratable basis to the Senior Secured
Credit Facility or a junior basis to the Senior Secured Credit Facilities; and
  

v.  to the extent secured, shall be subject to intercreditor terms reasonably agreed between the Borrower
and the Senior Administrative Agent.
  

	Refinancing Facilities:	  	The definitive documentation with respect to the Senior Credit Facilities will permit the Borrower to refinance loans under the Term Loan Facility, indebtedness under the Initial Secured Notes and any other secured notes or other
obligations ranking equally and ratably with the Senior Credit Facilities and any prior Refinancing Facility or replace commitments under the Revolving Credit Facility from time to time, in whole or part, with one or more new term facilities (each,
a “Refinancing Term Facility”) or new revolving credit facilities (each, a “Refinancing 


  
 A-12 














			
		 	 Revolving Facility”; the Refinancing Term Facilities and the Refinancing Revolving Facilities are collectively referred to as
“Refinancing Facilities”), respectively, with the consent of the Borrower and the institutions providing such Refinancing Term Facility or Refinancing Revolving Facility or with one or more additional series of senior unsecured
notes or loans or senior secured notes or loans that will be secured by the Collateral on a equal and ratable basis with the Credit Facilities or secured notes or loans that are junior in right of security in the Collateral (any such notes or loans,
“Refinancing Notes”); provided that
  

i.   any Refinancing Term Facility or Refinancing Notes do not mature prior to the maturity date of,
or have a shorter weighted average life than, or, with respect to notes, have mandatory prepayment provisions (other than related to customary asset sale and change of control offers) that could result in prepayments of such Refinancing Notes prior
to, the loans under the Term Loan Facility or other obligations being refinanced or repaid;
  

ii.  any Refinancing Revolving Facility does not mature (or require commitment reductions or amortization)
prior to the maturity date of the revolving commitments being replaced;
  

iii.   there shall be no borrowers or guarantors in respect of any Refinancing Facility or
Refinancing Notes that are not the Borrower or the Guarantors;
  

iv.   with respect to (1) Refinancing Notes or (2) any Refinancing Term Facility secured by liens on
the Collateral that are junior in priority to the liens on the Collateral securing the Senior Credit Facilities, such agreements or liens will be subject to a customary intercreditor agreement;

 
 v.  the covenants and events of
default applicable to the Refinancing Facilities or Refinancing Notes shall either be no more restrictive taken as a whole as determined in good faith by the Borrower than the terms applicable to the Term Loan Facility or Revolving Credit Facility,
as applicable, or such terms and conditions shall not apply until all then outstanding Revolving Commitments and Term Loans are no longer outstanding (unless such more restrictive terms are also added for the benefit of the existing Senior Credit
Facilities); and
  
 vi.   the
aggregate principal amount of any Refinancing Facility or Refinancing Notes shall not be greater than the aggregate principal amount (or committed amount) of the Term Loan Facility, Revolving Credit Facility or other obligations (as applicable)
being refinanced or replaced plus any fees, premiums, original issue discount and accrued interest associated therewith, and costs and expenses related thereto, and such Term



  
 A-13 














			
		  	 Loan Facility, Revolving Credit Facility or other obligations being refinanced or replaced will be permanently
reduced, retired, redeemed or called for redemption substantially simultaneously with the issuance thereof.
  

	Letters of Credit:	  	 A portion of the Revolving Credit Facility not in excess of $1,000,000,000 shall be available for the issuance of standby letters of
credit (the “Letters of Credit”) by each of the Arrangers (or affiliates thereof) and other Lenders designated from time to time by the Borrower (with such Lender’s consent), with such sublimit to be divided among the Arrangers
(and their affiliates) based on the amount of their respective commitments under the Revolving Credit Facility on the Closing Date (in such capacity, each, an “Issuing Lender”), which Letters of Credit shall be risk participated to
all Lenders with commitments under the Revolving Credit Facility on a pro rata basis, to support obligations of the Borrower and its restricted subsidiaries. The face amount of any outstanding Letters of Credit will reduce availability under the
Revolving Credit Facility on a dollar-for-dollar basis. No Letter of Credit shall have an expiration date after the earlier of (i) one year after the date of issuance, unless otherwise agreed by the Issuing Lender and (ii) five business days prior
to the maturity date of the Revolving Credit Facility; provided that any Letter of Credit may provide for the automatic renewal thereof for additional periods (which shall in no event extend beyond the date referred to in clause (ii) above, except
to the extent cash collateralized or backstopped pursuant to arrangements reasonably acceptable to the relevant Issuing Lender).
  

Drawings under any Letter of Credit shall be reimbursed by the Borrower (whether with the Borrower’s own funds or with the proceeds of Revolving Credit
Loans) on the immediately succeeding business day. To the extent that the Borrower does not so reimburse the Issuing Lender, the Lenders under the Revolving Credit Facility shall be irrevocably and unconditionally obligated to reimburse the Issuing
Lender on a pro rata basis based on their respective Revolving Credit Facility commitments.
  

	 Interest Rates and Fees:
  
	  	 As set forth on Annex I hereto.
  

	Optional Commitment Reduction and Prepayment:	  	 The Borrower will be permitted, upon written notice, to terminate in whole, or from time to time reduce in part, the commitments of the
Lenders under the Senior Credit Facilities without penalty, in minimum amounts equal to the lesser of US$50,000,000 and the commitment of such Lender outstanding and in integral multiples of US$10,000,000 over US$50,000,000.

 

		  	The Borrower will be permitted, upon same day notice for ABR loans and at least three business days’ notice for Eurodollar loans, to prepay loans under the Senior Credit Facilities in whole or in part, in minimum amounts
equal to the lesser of US$50,000,000 and the amount outstanding and in integral multiples of US$10,000,000 over US$50,000,000.


  
 A-14 














			
	Prepayment Premium:	  	 In the event that, prior to the date that is six months after the Closing Date, the Borrower (i) makes any repayment, prepayment or
repurchase of loans under the Term Loan Facility in connection with any Repricing Event (as defined below) or (ii) effects any amendment of the definitive documentation for the Senior Credit Facilities resulting in a Repricing Event, the Borrower
shall pay to the Administrative Agent on the date of effectiveness of such Repricing Event, for the ratable account of each of the Lender (x) in the case of clause (i), a prepayment premium of 1.00% of the aggregate principal amount of the loans
under the Term Loan Facility so being prepaid, repaid or purchased and (y) in the case of clause (ii), an amount equal to 1.00% of the aggregate principal amount of the loans under the Term Loan Facility that are the subject of such Repricing Event
and outstanding immediately prior to such amendment.
  
 “Repricing
Event”: (a) any repayment, prepayment or repurchase of all or a portion of the loans under the Term Loan Facility with the proceeds of, or any conversion of loans under the Term Loan Facility into, any new or replacement debt financing
(including new term loans under the definitive documentation for the Senior Credit Facilities) bearing interest with an all-in yield (as reasonably determined by the Administrative Agent in consultation with the Borrower and taking into account
interest rate margin and benchmark floors, recurring fees and all upfront or similar fees or original issue discount (amortized over the shorter of (A) the weighted average life to maturity of such term loans and (B) four years), but excluding any
bona fide arrangement, underwriting, structuring, syndication or other fees payable in connection therewith that are not shared ratably with all lenders or holders of such debt financing in their capacities as lenders or holders of such debt
financing) less than the all-in yield applicable to the loans under the Term Loan Facility (determined on the same basis as provided in the preceding parenthetical) and (b) any amendment (including pursuant to a replacement term loan) to the loans
under the Term Loan Facility or any tranche thereof, in each case of clauses (a) and (b) above, if the primary purpose of such repayment, prepayment or repurchase (as reasonably determined by the Administrative Agent in consultation with the
Borrower) is to lower the all-in yield applicable to the loans under the Term Loan Facility that are repaid, prepaid or repurchased using the proceeds thereof (as determined on the same basis as provided in clause (a)). It is understood that
“Repricing Events” shall not include any repayment, prepayment or refinancing of all or a portion of the Loans under the Term Loan Facility in connection with a “Change of Control” or a Specified Acquisition (as defined
below).
  
 “Specified Acquisition”: any acquisition that is either (a)
not permitted by definitive documentation for the Senior Credit Facilities immediately prior to the consummation of such acquisition or (b) if permitted by the definitive documentation for the Senior Credit Facilities immediately



  
 A-15 














			
		  	prior to the consummation of such acquisition, would not provide Parent and its subsidiaries with adequate flexibility under the definitive documentation for the Senior Credit Facilities for the continuation and/or expansion of
their combined operations following such consummation, as determined by the Borrower acting in good faith.
		
	Mandatory Commitment Reduction and Prepayment:	  	 The following amounts will be applied to prepay loans under the Term Loan Facility, in each case consistent with the Credit Agreement
Documentation Principles:
  

•   100% of the Net Cash Proceeds of any incurrence of Indebtedness after the Closing Date
(other than indebtedness permitted under the definitive documents for the Senior Credit Facilities) by the Borrower or any of its restricted subsidiaries;
  

•   100% (stepping down to 75% and 50% at First Lien Secured Net Leverage Ratios to be agreed)
of the net cash proceeds in excess of an annual threshold to be mutually and reasonably agreed of any non-ordinary course Asset Sales (as defined in the Existing T-Mobile Notes) after the Closing Date of assets by the Borrower or any of its
restricted subsidiaries ((subject to exceptions (including reinvestment rights and the ability to repay pari passu indebtedness ratably) consistent with the Precedent Senior Credit Agreement). Any Lender may elect not to accept its pro rata
portion of any mandatory prepayment (each a “Declining Lender”). Any prepayment amount declined by a Declining Lender (“Declined Amounts”) may be retained by the Borrower and shall increase the amount available
under the restricted payment “builder basket”; and
  

•   50% (stepping down to 25% and 0% at First Lien Secured Net Leverage Ratios 0.25x and 0.50x
less than the closing date First Lien Secured Net Leverage Ratio, respectively) of Excess Cash Flow (to be defined in a manner to be agreed consistent with the Credit Agreement Documentation Principles, but in any event to be net the amount of funds
expended during the applicable year in respect of permitted restricted payments, capital expenditures, acquisitions and other permitted investments and repayments and prepayments of indebtedness, in each case, to the extent not funded with the
proceeds of long-term indebtedness); and without duplication of the foregoing, such repayments will be reduced dollar-for-dollar by the amount of any voluntary repayments of the Term Loan Facilities or the Revolving Credit Facility, to the extent
such prepayments of the Revolving Credit Facility are accompanied by a permanent commitment reduction, and to any other debt (that is secured on a equal and ratable basis with the Secured Facilities) for each fiscal year of the Borrower,
commencing with full fiscal year ending December 31, 2020.



  
 A-16 














			
		  	 Notwithstanding the foregoing, the Term Loan Facility shall not be required to be repaid with the proceeds of Asset
Sales pursuant to the second bullet point above to the extent the Borrower optionally reduces the commitments in respect of the Secured Bridge Facility (or, if such facilities have been funded, to repay any of the loans thereunder) by the amount of
such mandatory reduction of the Term Loan Facility otherwise required hereby.

		
	Prepayments Generally:	  	All prepayments of loans under the Senior Credit Facilities will be subject to, in the case of Eurodollar loans, compensation for breakage costs incurred by the Lenders if occurring other than on the last day of an interest
period, but otherwise without penalty.
		
	Documentation:	  	The Senior Credit Facilities will be documented under a credit agreement that will be substantially similar to, and no less favorable to the Borrower than, the Borrower’s existing Term Loan Credit Agreement, dated as of
November 9, 2015 (as amended) with Deutsche Bank AG New York Branch, as administrative and collateral agent (with changes to delete references to DT as a lender thereunder) (the “Precedent Senior Credit Agreement”), except that (a)
the negative covenants and related definitions therein shall be based on, and no less favorable to the Borrower than, the Borrower’s 4.750% Senior Notes due 2028 (as amended from time to time, the “Reference Notes”) (provided,
however, that (I) changes in covenants upon achievement of investment grade ratings shall not apply, (II) basket sizes and thresholds shall be increased to reflect the increased size of the combined company, (III) the ability to have unlimited equal
and ratable liens shall be removed, and (IV) customary SPV undertakings by each Spectrum SPV or other securitization entity that is a Restricted Subsidiary shall be permitted), (b) such changes shall be made thereto as are set forth on
Annex II or as are necessary or reasonably appropriate to reflect the terms set forth in this Exhibit A and in the Commitment Letter to which this Exhibit A is attached, but in any event no less favorable to the
borrower (the “Credit Agreement Documentation Principles”), (c) customary EU bail-in provisions shall be included in the definitive documentation for the Senior Credit Facilities and (d) a customary lender ERISA representation
shall be included in the definitive documentation for the Senior Credit Facilities. The security documents will be based on those entered into in connection with the Precedent Senior Credit Agreement. The intercreditor agreement will be based on a
precedent mutually and reasonably determined by the Borrower and the Arrangers. The Precedent Senior Credit Agreement and the related loan documents shall be modified as mutually agreed to reflect the administrative and operational requirements of
the Senior Administrative Agent.
		
	Representations and Warranties:	  	Based on, and not less favorable to the Borrower than, the Credit Agreement Documentation Principles and limited to financial condition; no change; existence, compliance with law; power, authorization, enforceable obligations; no
legal bar; litigation; no default; ownership of property, liens; intellectual property; taxes; federal regulations; labor


  
 A-17 














			
		  	matters; ERISA; Investment Company Act; use of proceeds; environmental matters; accuracy of information; security documents; solvency; PATRIOT Act, FCPA and OFAC and other EU laws with respect to sanctions.
		
	Conditions Precedent to Funding:	  	 The borrowings and other extensions of credit under the Senior Credit Facilities on the Closing Date will be subject solely to the Funding
Conditions.
  
 Except with respect to borrowings and other credit extensions on the
Closing Date, each borrowing and each other extension of credit shall be subject only to the following conditions precedent: (i) delivery of notice of borrowing or request for issuance of letter of credit; (ii) accuracy of all representations and
warranties in all material respects (provided, that any representation and warranty that is qualified as to “materiality,” “material adverse effect” or similar language shall be true and correct in all respects (after giving
effect to any such qualification therein)); and (iii) the absence of defaults or events of default at the time of, or immediately after giving effect to the making of, such extension of credit; provided, that with respect to any Incremental Facility
incurred in connection with a Limited Condition Acquisition, at the election of the Borrower, clauses (ii) and (iii) shall be tested at the time the agreement for such Limited Condition Acquisition is entered into.

		
	Certain Funds:	  	In the event the definitive documentation for the Senior Credit Facilities is entered into prior to the Closing Date (the date such documentation is entered into, the “Effective Date”), then during the period
from and including the Effective Date until after the funding of the loans on the Closing Date and the use of the proceeds thereof to consummate the Transactions (the “Certain Funds Period”), and notwithstanding (i) that any
representation or warranty made on the Effective Date (excluding the Specified Representations) was incorrect, (ii) any failure by the Borrower to comply with the affirmative covenants and negative covenants, (iii) any provision to the contrary in
the definitive documentation for the Senior Credit Facilities or otherwise, or (iv) that any condition to the occurrence of the Effective Date may subsequently be determined not to have been satisfied, neither the Senior Administrative Agent nor any
Lender shall be entitled to (1) cancel any of its commitments under the Senior Credit Facilities (except as set forth in “Mandatory Commitment Reduction and Prepayment” above), (2) rescind, terminate or cancel the definitive
documentation for the Senior Credit Facilities or exercise any right or remedy or make or enforce any claim under such definitive documentation, the related notes, the related fee letter or that it otherwise may have to the extent to do so would
prevent, limit or delay the making of its loan on the Closing Date and the use of the proceeds thereof to consummate the Transactions, (3) refuse to make its loan; provided that the Funding Conditions have been satisfied; or (4) exercise any
right of set-off or counterclaim in respect of its loan to the extent to do so would prevent, limit or delay the making of its loan on the Closing Date and the use of the proceeds thereof to consummate the Transactions.


  
 A-18 














			
		  	Notwithstanding anything to the contrary provided herein, (A) the rights and remedies of the Lenders and the Senior Administrative Agent shall not be limited in the event that any Funding Condition is not satisfied or waived on
the Closing Date and (B) immediately after the expiration of the Certain Funds Period, all of the rights and remedies of the Senior Administrative Agent and the Lenders shall be available notwithstanding that such rights were not available prior to
such time as a result of the foregoing.
		
	Clean-up Period	  	From the Closing Date until the date that is 60 days thereafter, any breach of a covenant, inaccuracy of or inability to make a representation or warranty (other than the Specified Representations) or any default or Event of
Default (other than a Specified Event of Default) by reason of any matter or circumstance relating to Sprint or its subsidiaries will be deemed not to be a breach of a covenant, an inaccuracy of or failure to make a representation or warranty or a
default or Event of Default if it (i) does not have a material adverse effect on the consolidated results of operations or financial condition of the Borrower and its subsidiaries (including Sprint and its subsidiaries) taken as a whole, such that
the Borrower and its subsidiaries (including Sprint and its subsidiaries) taken as a whole would be unable to perform the payment obligations under the Senior Credit Facilities; (ii) was not knowingly procured or approved by the Borrower; (iii) is
capable of remedy and reasonable steps are being taken to remedy it; and (iv) is not a breach of the covenants relating to the accession of Guarantors beyond the earlier of thirty (30) days after the Closing Date or the date on which any required
Guarantor actually guarantees the Existing T-Mobile Notes.
		
	Affirmative Covenants:	  	Consistent with the Credit Agreement Documentation Principles and limited to delivery of annual and quarterly financial statements and other information; delivery of notices of defaults or events of default; delivery of notice of
certain ERISA events; delivery of notices of material litigation; delivery of notices of material adverse effect; information; quarterly lender calls (which will be satisfied by the Borrower’s routine quarterly earnings calls); payment of
obligations; maintenance of existence and compliance with laws (including FCPA, Patriot Act and OFAC and other EU laws with respect to sanctions); maintenance of properties and insurance; inspection of property and books and records; environmental
laws; additional collateral and subsidiaries; use of proceeds; further assurances; maintenance of ratings (but no specific ratings); and designation of unrestricted subsidiaries.
		
	Negative Covenants:	  	Consistent with the Credit Agreement Documentation Principles and limited to Restricted Payments, Dividend and Other Payment Restrictions Affecting Subsidiaries, Incurrence of Indebtedness and Issuance of Preferred Stock, Asset
Sales, Transactions with Affiliates, Liens, Business Activities and Merger, Consolidation or Sale of Assets, with additional carve-outs including (I) a carve-out to permit equal and ratable liens or junior liens on Collateral securing Incremental
Facilities, Incremental Notes, the Initial Secured Notes and other Indebtedness


  
 A-19 














			
		  	meeting customary requirements consistent with the Precedent Senior Credit Agreement (including refinancing debt in respect of the foregoing), (II) the other changes identified on Annex II and (III) other changes to
be agreed.
		
	Financial Covenants:	  	 Revolving Credit Facility: Maximum First Lien Secured Net Leverage Ratio of 3.30 to 1.00, tested quarterly starting at the end of
the first full fiscal quarter following the Closing Date.
  
 Term Loan Facility:
None.

		
	Dish Transactions and Consent Decree Transactions:	  	The credit agreement for the Senior Credit Facilities will contain provisions which expressly permit (a) all transactions contemplated by the Asset Purchase Agreement, dated as of July 26, 2019, among T-Mobile US, Inc., Sprint
Corporation, and Dish Network Corporation, and any exhibits attached thereto (the “Dish Transactions”) and (b) all transactions (the “Consent Decree Transactions”) entered into pursuant to the consent decree,
originally filed by the U.S. Department of Justice (the “DOJ”) with the U.S. District Court for the District of Columbia on July 26, 2019, as agreed to by the DOJ, T-Mobile, Deutsche Telekom, Sprint, SoftBank, and DISH, and as it
may be further amended or modified (the “Consent Decree”).
		
	Events of Default:	  	Consistent with the Credit Agreement Documentation Principles and limited to nonpayment of principal; nonpayment of interest, fees or other amounts (subject to a five business day grace period); inaccuracy of representations and
warranties in any material respect; noncompliance with covenants (subject in the case of affirmative covenants (other than use of proceeds, maintenance of the Borrower’s existence and delivery of notices of default) to 30-day grace period after
written notice, and with respect to the financial covenant, a breach shall only result in an event of default with respect to the Term Loan Facility when the Lenders in respect of the Revolving Credit Facility have terminated the commitments under
the Revolving Credit Facility and accelerated any loans under the Revolving Credit Facility then outstanding); bankruptcy and insolvency events with respect to the Parent, the Borrower and “significant subsidiaries”; (subject to a
customary grace period for involuntary events); ERISA; change of control triggering event; invalidity of any material Guarantees, security interests with respect to a material portion of the collateral or the Intercreditor Agreement,
cross-acceleration and cross-payment default with respect to material indebtedness of Parent, the Borrower or any of its “significant subsidiaries” (or a group of restricted subsidiaries that together would constitute a “significant
subsidiary”); and unsatisfied monetary judgments in excess of an amount to be agreed.
		
	Cost and Yield Protection:	  	The credit agreement for the Senior Credit Facilities will contain cost and yield protection provisions consistent with the Credit Agreement Documentation Principles.


  
 A-20 














			
	Defaulting Lenders:	  	The credit agreement for the Senior Credit Facilities will contain “defaulting lender” provisions consistent with the Credit Agreement Documentation Principles.
		
	Voting Rights:	  	(x) Until the expiration of the Certain Funds Period, amendments, waivers and consents will require only the approval of the Arrangers and (y) thereafter, amendments, waivers and consents will require the approval of Lenders
holding a majority of the aggregate amount of the loans and unused commitments under the Senior Credit Facilities; provided that, at any time, the consent of all affected Lenders will be required with respect to certain matters as set forth
in the Precedent Senior Credit Agreement, including (a) reductions in the unpaid principal amount or extensions of the scheduled final maturity date for the payment of principal of any loan, (b) reductions in interest rates or fees or
extensions of the dates for payment thereof, and (c) increases in the amounts or extensions of the expiry date of the Lenders’ commitments, and the consent of 100% of the Lenders will be required with respect to (i) modifications of
the pro rata sharing or “waterfall” provisions of the credit agreement and (ii) modifications to any of the voting percentages. Amendments and waivers of the financial covenant shall only require the approval of Lenders holding more
than 50% of the aggregate amount of the commitments under the Revolving Credit Facility (other than any Defaulting Lender).
		
	Assignments and Participations:	  	The Borrower may not assign its rights or obligations under the Senior Credit Facilities without the prior written consent of the Lenders. Lenders will be permitted to assign and sell participations in loans and commitments,
subject to the limitations set forth in the Commitment Letter and below. Assignments will be subject to the prior consent of (a) the Senior Administrative Agent (not to be unreasonably withheld) and (b) the Borrower (not to be unreasonably withheld,
conditioned or delayed) except that such consent of the Borrower (x) shall not be required (i) in the case of assignments to another Lender or an affiliate of a Lender or to approved funds and (ii) after the occurrence and during the
continuance of a payment or bankruptcy event of default and (y) in each case, shall be deemed to have been given if the Borrower has not responded within 10 business days of a written request for such consent. In the case of partial
assignments (other than to another Lender or to an affiliate of a Lender), the minimum assignment amount will be US$1,000,000 unless otherwise agreed by the Borrower and the Senior Administrative Agent. Each assignment will be subject to the payment
of a service fee of US$3,500 to the Senior Administrative Agent by the parties to such assignment. Lenders may sell participations without restriction, and participants will have benefits with regard to yield protection and increased costs
consistent with the Precedent Senior Credit Agreement. Voting rights of participants will be limited consistent with the Precedent Senior Credit Agreement. Unless the Borrower otherwise agrees in writing, each Lender shall at all times retain
exclusive control over all its rights and obligations with respect to the Senior Credit Facilities and its commitments in respect thereof, including all rights with


  
 A-21 














			
		  	respect to consents, modifications, supplements, waivers and amendments of the definitive documentation with respect to the Senior Credit Facilities. The Senior Credit Facilities will contain customary restrictions on assignment
to Disqualified Lenders.
		
	Expenses and Indemnification:	  	 The Borrower will pay (a) all reasonable and documented out-of-pocket expenses of the Senior Administrative Agent, the Initial Lenders and
the Arrangers and their affiliates associated with (i) the arrangement and syndication of the Senior Credit Facilities and (ii) the preparation, execution and delivery of the credit documentation and any amendment or waiver with respect thereto
(including the reasonable fees, charges and disbursements of one firm of outside counsel (and, if deemed reasonably necessary by such persons, one firm of regulatory counsel and/or one firm of local counsel in each appropriate jurisdiction)),
(b) all reasonable and documented out-of-pocket expenses of the Senior Administrative Agent in connection with the administration (other than routine administrative procedures and excluding costs and expenses relating to assignments and
participations of lenders) of the credit documentation and (c) all reasonable and documented out-of-pocket expenses of the Senior Administrative Agent and the Lenders (including the fees, charges and disbursements of counsel) in connection with the
enforcement of the credit documentation.
  
 The Borrower will indemnify the Senior
Administrative Agent, the Arrangers, the other Lenders and their affiliates, and each of the respective officers, directors, employees, advisors, agents and controlling persons of the foregoing, and hold them harmless from and against all losses,
claims, damages and liabilities, and reasonable and documented out of pocket expenses reasonably related thereto (including reasonable and documented fees, disbursements and other charges of one firm of outside counsel (and, if deemed reasonably
necessary by such persons, one firm of regulatory counsel and/or one firm of local counsel in each appropriate jurisdiction, and, in the case of an actual or perceived conflict of interest for any indemnitee, one firm of counsel (and, if deemed
reasonably necessary by such indemnitee, one firm of regulatory and/or one firm of local counsel in each appropriate jurisdiction) for such indemnitee) and liabilities arising in connection with the Senior Credit Facilities and the transactions
contemplated hereby (including the Acquisition), except to the extent such costs, expenses and liabilities (a) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the bad faith, gross
negligence or willful misconduct of such indemnitee, any of its Related Persons or a material breach of the definitive documentation for the Senior Credit Facilities of such indemnitee or any of its Related Persons or (b) result from any claim,
litigation, investigation or proceeding that does not involve an act or omission of the Borrower or any of its affiliates and that is brought by an indemnitee against any other indemnitee other than claims against the Senior Administrative Agent or
any Initial Lender or Arranger in its capacity in fulfilling its role as an agent or arranger or any other similar role under the Senior Credit Facilities. No party to the



  
 A-22 














			
		  	definitive credit agreement for the Senior Credit Facilities shall be liable for any special, indirect, consequential or punitive damages in connection with the Senior Credit Facilities, the definitive credit agreement for the
Senior Credit Facilities or its activities related thereto; provided that nothing contained in this sentence will limit the Borrower’s indemnity and reimbursement obligations set forth in this section.
		
	Governing Law and Jurisdiction:	  	New York; provided that (a) the interpretation of Material Adverse Effect and whether a Material Adverse Effect has occurred, (b) the accuracy of any Business Combination Agreement Representations and whether as a result
of a breach thereof the Borrower (or any of the Borrower’s subsidiaries) has the right under the Business Combination Agreement not to consummate the Acquisition as a result of such representations in the Business Combination Agreement being
inaccurate and (c) whether the Acquisition has been consummated in accordance with the Business Combination Agreement, shall be governed by, and construed in accordance with the laws of the State of Delaware, without giving effect to any choice or
conflict of laws provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of Delaware.
		
	Bail-In:	  	The definitive documentation for the Senior Credit Facilities will contain a customary Acknowledgement and Consent to Bail-In of EEA Financial Institutions.
		
	Counsel to Arrangers and Senior Administrative Agent:	  	Cahill Gordon & Reindel LLP


  
 A-23 













 ANNEX I 
  

			
		
	Interest Rates:	  	 Interest will be payable on loans under the Term Loan Facility at the following rates per annum:

 
 (a)   in the case of Eurodollar
loans, Adjusted LIBOR plus the Applicable Margin per annum, and
  

(b)   in the case of ABR loans, the ABR plus the Applicable Margin per annum.

		
		  	 Interest will be payable on loans under the Revolving Credit Facility at the following rates per annum:

 
 (a)   in the case of Eurodollar
loans, Adjusted LIBOR plus the Applicable Margin per annum, and
  

(b)   in the case of ABR loans, the ABR plus the Applicable Margin per annum.

 
 As used herein:

 
 “Adjusted LIBOR” means the London Interbank Offered Rate (adjusted for
statutory reserve requirements); provided that Adjusted LIBOR shall in all cases not be less than 0%. The definitive documentation for the Senior Credit Facilities shall include successor LIBOR provisions reasonably acceptable to the Senior
Administrative Agent and the Borrower.
  
 “ABR” means the highest of
(a) the Senior Administrative Agent’s Prime Rate, (b) the Federal Funds Effective Rate plus 1⁄2 of 1% and (c) the Adjusted LIBOR for a one month interest
period on any day plus 1%.
  
 “Applicable Margin” means (x) with
respect to the Term Loan Facility, Adjusted LIBOR plus 1.75% or ABR plus 0.75% and (y) with respect to the Revolving Credit Facility, Adjusted LIBOR plus 1.25% or ABR plus 0.25%.

 
 From and after the date of delivery of the Borrower’s financial statements for the
first full fiscal quarter ended after the Closing Date, (i) interest rate margins under the Term Loan Facility will be subject to one 25 bps reduction based upon a First Lien Secured Net Leverage Ratio level to be agreed (the “Term Loan
Pricing Step-Down”) and (ii) interest rate margins under the Revolving Credit Facility will be subject to an agreed amount of 25 bps reductions based upon First Lien Secured Net Leverage Ratio levels to be agreed.



  
 A-I-1 














			
		
		  	 “Prime Rate” means the rate of interest per annum from time to time published in the “Money Rates” section of
The Wall Street Journal as being the “Prime Lending Rate” or, if more than one rate is published as the Prime Lending Rate, then the highest of such rates (each change in the Prime Rate to be effective as of the date of publication
in The Wall Street Journal of a “Prime Lending Rate” that is different from that published on the preceding domestic business day); provided, that in the event that The Wall Street Journal shall, for any reason, fail
or cease to publish the Prime Lending Rate, the Senior Administrative Agent shall choose a reasonably comparable index or source to use as the basis for the Prime Lending Rate.

 
 From and after the Closing Date, the Borrower shall pay a commitment fee calculated on
the average daily unused portion of the Revolving Credit Facility at the rate per annum of 0.375%, with one 12.5bps step-up and one 12.5bps step-down at First Lien Secured Net Leverage levels to be agreed.

 
 The Borrower shall pay a commission on all outstanding Letters of Credit at a per annum
rate equal to the Applicable Margin then in effect with respect to Revolving Credit Loans made or maintained as Eurodollar loans on the face amount of each such Letter of Credit. Such commission shall be shared ratably among the Lenders
participating in the Revolving Credit Facility and shall be payable quarterly in arrears.
  

In addition to letter of credit commissions, a fronting fee calculated at a rate per annum to be agreed upon by the Borrower and the Issuing Lender on the face
amount of each Letter of Credit shall be payable quarterly in arrears to the Issuing Lender for its own account. In addition, customary (as determined by the Issuing Lender) administrative, issuance, amendment, payment and negotiation charges shall
be payable to the Issuing Lender for its own account.

		
	Eurodollar Interest Periods:	  	At the Borrower’s option, 1, 2, 3 or 6 months (or, if agreed by all relevant Lenders, 12 months). Interest on Eurodollar loans will be payable on the last day of each interest period and upon repayment or
prepayment.
		
	Interest Rate Basis:	  	Interest on Eurodollar loans will be payable in arrears on the basis of a 360-day year (calculated on the basis of the actual number of days elapsed). Interest on ABR loans will be payable
quarterly in arrears on the basis of a 365/366-day year when ABR is based on the Senior Administrative Agent’s Prime Rate and otherwise on a 360-day year (in each case calculated on the basis of the
actual number of days elapsed).
		
	Default Rate:	  	With respect to overdue principal, the applicable interest rate plus 2.00% per annum and, with respect to any other overdue amount, the interest rate applicable to ABR loans under the Senior Credit Facilities plus 2.00% per
annum.


  
 A-I-2 













 ANNEX II 

Certain Changes to Covenants, Financial Definitions and Other Terms 

Financial Definitions 
  

	•	 	 The definition of “Consolidated Cash Flow” shall (i) include an addback for run rate cost savings,
operating expense reductions and synergies related to the Transactions for a period of 36 months after the Closing Date and other specified transactions for a period of 24 months after the date of the applicable specified transaction, which for the
avoidance of doubt shall be uncapped, (ii) remove any dollar caps with respect to the addback for extraordinary non-recurring items and (iii) for the avoidance of doubt, not include any dollar cap with respect to the addback for new market
losses. 


 Negative Covenants 
  

	•	 	 The starter “builder basket” in the restricted payments covenant to be set at an amount equal to amount
available on the Closing Date under the Reference Notes. 


  

	•	 	 The restricted payment covenant to permit distributions of investments in unrestricted subsidiaries (other than
an unrestricted subsidiary the primary assets of which are cash and cash equivalents). 


  

	•	 	 The debt covenant shall permit 200% of Contribution Debt (as defined in the Reference Notes).



  

	•	 	 The “ratio debt” carve-out will include a “no worse than” prong in connection with a
permitted acquisition or investment. 


  

	•	 	 Covenants to include reclassification and reallocation provisions, including automatic reclassification when
ratio-based baskets become available. 


  

	•	 	 “Fair Market Value” definition to permit any sale or disposition in connection with the Acquisition.



  

	•	 	 Liens covenant to include carveout permitting liens on assets of non-guarantor subsidiaries securing obligations
of non-guarantor subsidiaries. 


  

	•	 	 To the extent any numerical baskets are used together with any ratio-based baskets in a single transaction or
series of related transactions, the Senior Credit Facilities shall provide that compliance with the applicable ratio or the portion of such indebtedness or other applicable transaction under any ratio-based baskets shall first be calculated without
giving effect to amounts being used pursuant to any numerical baskets. 


  

	•	 	 All numerical baskets in the Senior Credit Facilities shall include growers based on an equivalent percentage of
LTM Consolidated Cash Flow or total assets (as elected by the Borrower prior to the commencement of general syndication). 



  
 A-II-1 














	•	 	 Negative covenants to permit unlimited accounts receivable securitization. 



 

	•	 	 The asset sales or dispositions entered into in connection with the Dish Transactions and the Consent Decree
Transactions shall not constitute Asset Sales. 



  
 Annex II-2 













 EXHIBIT B 

PROJECT LAKES 
 US$19.0
Billion Secured Bridge Loan Facility 
 Summary of Terms and Conditions4 

 

			
	Borrower:	  	T-Mobile USA, Inc., a Delaware corporation (the “Borrower”).
		
	Facility:	  	US$19.0 billion senior secured 364-day bridge loan facility (the “Secured Bridge Facility”).
		
	Joint Lead Arrangers and Joint Lead Bookrunners:	  	Barclays, CSLF, DBSI, GS Bank, MSSF and RBCCM (in such capacities, the “Lead Arrangers”).
		
	Other Secured Bridge Facility Bookrunners:	  	BNPPSC, Commerzbank, CACIB, TD Securities and Wells Fargo Securities (in such capacities, the “Other Secured Bridge Facility Bookunners”).
		
	Co-Managers:	  	Banco Santander, SG, STRH, NatWest and U.S. Bank (in such capacities, the “Co-Managers” and, together with the Other Secured Bridge Facility Bookrunners and the Co-Managers, the
“Arrangers”).
		
	Administrative and Collateral Agent:	  	GS Bank (in such capacities, the “Secured Bridge Administrative Agent” and the “Secured Bridge Collateral Agent”).
		
	Syndication Agents:	  	Barclays, CSLF, DBSI, GS Bank, MSSF and RBCCM.
		
	Lenders:	  	A syndicate of lenders reasonably acceptable to the Borrower, including Barclays, CS, DBCI, Goldman Sachs, MSSF, RBC, BNP, Commerzbank, CACIB, TD Bank, Wells Fargo Bank, Banco Santander, SG, SunTrust, NatWest and U.S. Bank and
excluding Disqualified Lenders (collectively, the “Lenders”).
		
	Availability:	  	The Secured Bridge Facility will be available in a single drawing on the Closing Date. Amounts borrowed under the Secured Bridge Facility that are repaid or prepaid may not be reborrowed.
		
	Guarantors:	  	Same as Senior Credit Facilities.
		
	Security:	  	Same as Senior Credit Facilities.
		
	Unrestricted Subsidiaries:	  	Same as Senior Credit Facilities.
		
	Use of Proceeds:	  	The proceeds of the Secured Bridge Facility will be used by the Borrower on the Closing Date, together with cash on hand and drawings on other committed financing, to finance the Refinancing and the other Transactions, and
otherwise for working capital and general corporate purposes of the Borrower and its subsidiaries (including permitted acquisitions, capital expenditures and permitted distributions).

  

	4 	 Capitalized terms used but not otherwise defined in this Exhibit B have the meanings assigned thereto in
the Commitment Letter to which this Exhibit B is attached, including the other exhibits thereto. 



  
 B-1 














			
	Maturity:	  	The Secured Bridge Facility will mature on the day that is 364 days after the Closing Date (the “Initial Maturity Date”), provided that the Initial Maturity Date may be extended to the date that is
546 days after the Closing Date, and subsequently may be further extended to the date that is 728 days after the Closing Date (any such extended date the “Extension Maturity Date”) upon three business days prior written notice by
the Borrower to the Secured Bridge Administrative Agent so long as no payment or bankruptcy event of default has occurred and is continuing and the applicable Extension Fee and all other interest and fees due and payable on or prior to the Initial
Maturity Date or the first Extension Maturity Date, as the case may be, shall have been paid by the Borrower. The Secured Bridge Facility shall have no required amortization.
		
	Interest Rates and Fees:	  	As set forth on Annex I hereto.
		
	Optional Commitment Reduction and Prepayment:	  	The Borrower will be permitted, upon written notice, to terminate in whole, or from time to time reduce in part, the commitments of the Lenders under the Secured Bridge Facility without penalty, in minimum amounts equal to the
lesser of US$50,000,000 and the commitment of such Lender outstanding and in integral multiples of US$10,000,000 over US$50,000,000.
		
		  	The Borrower will be permitted, upon same day notice for ABR loans and at least three business days’ notice for Eurodollar loans, to prepay loans under the Secured Bridge Facility in whole or in part, in minimum amounts
equal to the lesser of US$50,000,000 and the amount outstanding and in integral multiples of US$10,000,000 over US$50,000,000.
		
	Mandatory Commitment Reduction and Prepayment:	  	 Commitments will be reduced, and loans will be required to be prepaid under the Secured Bridge Facility in an aggregate amount equal
to:
  
 a.   100% of the Net
Cash Proceeds received by the Borrower or any of its subsidiaries (but not, for the avoidance of doubt, any Net Cash Proceeds received by Sprint or any of its subsidiaries prior to the Closing Date) from any Debt Incurrence (as defined below) in
excess of the Cap (as defined below) after the Original Signing Date, whether before or after the Closing Date; and
  

b.  100% of the Net Cash Proceeds received by the Borrower or any of its subsidiaries (but not, for the
avoidance of doubt, any Net Cash Proceeds received by Sprint or any of its subsidiaries prior to the Closing Date) from any sale or other disposition of assets (including proceeds from the issuance or sale of equity interest in any subsidiary of the
Borrower) resulting in Net Cash Proceeds in excess of the Cap consummated after the Original Signing Date, whether before or after the Closing Date, other



  
 B-2 














			
		  	        than (i) dispositions (including sale-leaseback
transactions) in the ordinary course of business or consistent with past practice, (ii) dispositions of inventory, used or surplus equipment, and cash or cash equivalents, (iii) any disposition or series of related dispositions that does not
result in Net Cash Proceeds exceeding US$250,000,000 for such disposition or any series of related dispositions, (iv) any disposition by any subsidiary that is a foreign subsidiary (to the extent the application of such proceeds would be subject to
local law or organizational document restrictions or material adverse tax consequences; provided that the Borrower shall have used commercially reasonable efforts to eliminate or minimize such restrictions or consequences), (v) any disposition from
or to a restricted subsidiary of the Borrower, (vi) such other exceptions as may be agreed by the Arrangers and set forth in the definitive credit agreement for the Secured Bridge Facility, and subject to the right to reinvest (or to commit to
reinvest) any such proceeds within one year of the receipt thereof, and (vii) dispositions in connection with the Dish Transactions and the Consent Decree Transactions.

		
		  	 “Cap” means One Billion Dollars (US$1,000,000,000) in the aggregate, less the amount of any Net Cash Proceeds received
and not applied to reduce the commitments, or prepay the loans, under the Secured Bridge Facility in reliance on the Cap as set forth above.
  

“Debt Incurrence” means any incurrence of debt for borrowed money pursuant to an issuance of notes or a borrowing of a term loan, in each case
by the Borrower or any of its subsidiaries (and for the purposes of the penultimate sentence of paragraph 5 of the Commitment Letter, Sprint or any of its subsidiaries), other than:

 
 a.   debt under the
Facilities;
  

b.  any debt, whether incurred before or after the Closing Date, permitted to be
incurred or that would have been permitted to be incurred by Section 5.1(a)(viii) (except, on or after the Closing Date, any debt (I) under subclause (B) thereof other than within 12 months of the existing maturity date of such
indebtedness (but without giving effect to the proviso to Section 5.1(a)(viii))) and (II) under subclause (E) thereof) or Sections 5.1(b)(viii)(A), (B) (only within 12 months of the existing maturity date of such indebtedness
unless the Majority Bridge Lead Arrangers (as defined in the Fee Letter) approve in their sole discretion), (C), (D) and (F) of the Business Combination Agreement;
  

c.   [reserved]; and



  
 B-3 














			
		  	 d.  such other exceptions as may be agreed by the Arrangers and set forth in the
definitive documentation for the Secured Bridge Facility.
  
 “Net Cash
Proceeds” means, with respect to any event, the cash (which term, for purposes of this definition, shall include cash equivalents) proceeds actually received by the Borrower or its domestic subsidiaries in respect of such event, including
any cash received in respect of any noncash proceeds, but only as and when received, net of the sum, without duplication, of (i) all fees and expenses incurred in connection with such event by the Borrower and its subsidiaries, (ii) in the case of a
sale, transfer, lease or other disposition (including pursuant to a sale and leaseback transaction or a casualty or a condemnation or similar proceeding) of an asset, the amount of all payments required to be made by the Borrower and its
subsidiaries as a result of such event to repay Indebtedness secured by such asset, (iii) the amount of all taxes paid (or reasonably estimated to be payable) by the Borrower and its subsidiaries, and the amount of any reserves established by the
Borrower and its subsidiaries in accordance with GAAP to fund purchase price adjustment, indemnification and similar contingent liabilities reasonably estimated to be payable, in each case during the year that such event occurred or the next
succeeding year and that are directly attributable to the occurrence of such event (as determined reasonably and in good faith by the Borrower), and (iv) payments to retire any debt for borrowed money that is required to be repaid in connection with
such event.
  
 Notwithstanding the foregoing, the Borrower shall have the option to
reduce the commitments in respect of any of the Senior Credit Facilities (or, if such Senior Credit Facilities have been funded, to repay any of the loans thereunder and in the case of the Revolving Credit Facility, to be accompanied by a permanent
commitment reduction) in lieu of any such mandatory reduction of the Secured Bridge Facility otherwise required.

		
	Prepayments Generally:	  	All prepayments of loans under the Secured Bridge Facility will be subject to, in the case of Eurodollar loans, compensation for breakage costs incurred by the Lenders if occurring other than on the last day of an interest
period, but otherwise without penalty.
		
	Documentation:	  	The Secured Bridge Facility will be documented under a credit agreement that will be consistent with this Exhibit B and will be substantially similar to the Credit Agreement for the Senior Credit Facilities, with (v)
negative covenants as described below, (w) such changes thereto as are necessary or reasonably appropriate to reflect the terms set forth in this Exhibit B and in the Commitment Letter to which this Exhibit B is attached, (x)
adjustments to be mutually agreed to reflect administrative and operational requirements of the Secured Bridge Administrative Agent, (y) adjustments to mechanical provisions to reflect the nature of the facility as a bridge loan and to remove
the revolver, and (z) modify the definition of “Change of Control” to provide that (1) no Change of Control will occur if the resultant surviving corporation of a public


  
 B-4 














			
		  	company merger is not more than 50% owned by any single “person” or “group,” (2) both Moody’s and S&P (the “Rating Agencies”) must publicly state that a ratings downgrade was caused by the
applicable transaction in order for such transaction to constitute a Change of Control Event, (3) so long as the Borrower maintains an investment grade rating from either Ratings Agency, no “Change of Control” will be deemed to occur and
(4) if the Secured Bridge Facility ceases to be rated by either Ratings Agency, the Borrower is permitted to replace either Ratings Agency with Fitch Ratings, Inc. (“Fitch”).
		
	 Representations
 and
Warranties:
	  	Same as Senior Credit Facilities.
		
	 Conditions Precedent
 to
Funding:
	  	The borrowing under the Secured Bridge Facility will be subject solely to the Funding Conditions.
		
	Certain Funds:	  	In the event the definitive documentation for the Secured Bridge Facility is entered into prior to the Closing Date (the date such documentation is entered into, the “Effective Date”), then during the period from
and including the Effective Date until after the funding of the loans on the Closing Date and the use of the proceeds thereof to consummate the Transactions (the “Certain Funds Period”), and notwithstanding (i) that any
representation or warranty made on the Effective Date (excluding the Specified Representations) was incorrect, (ii) any failure by the Borrower to comply with the affirmative covenants and negative covenants, (iii) any provision to the contrary in
the definitive documentation for the Secured Bridge Facility or otherwise or (iv) that any condition to the occurrence of the Effective Date may subsequently be determined not to have been satisfied, neither the Secured Bridge Administrative Agent
nor any Lender shall be entitled to (1) cancel any of its commitments under the Secured Bridge Facility (except as set forth in “Mandatory Commitment Reduction and Prepayment” above), (2) rescind, terminate or cancel the definitive
documentation for the Secured Bridge Facility or exercise any right or remedy or make or enforce any claim under such definitive documentation, the related notes, the related fee letter or that it otherwise may have to the extent to do so would
prevent, limit or delay the making of its loan on the Closing Date and the use of the proceeds thereof to consummate the Transactions, (3) refuse to make its loan; provided that the Funding Conditions have been satisfied; or (4) exercise any
right of set-off or counterclaim in respect of its loan to the extent to do so would prevent, limit or delay the making of its loan on the Closing Date and the use of the proceeds thereof to consummate the Transactions. Notwithstanding anything to
the contrary provided herein, (A) the rights and remedies of the Lenders and the Secured Bridge Administrative Agent shall not be limited in the event that any Funding Condition is not satisfied or waived on the Closing Date and (B) immediately
after the expiration of the Certain Funds Period, all of the rights and remedies of the Secured Bridge Administrative Agent and the Lenders shall be available notwithstanding that such rights were not available prior to such time as a result of the
foregoing.


  
 B-5 














			
	Clean-up Period	  	From the Closing Date until the date that is 60 days thereafter, any breach of a covenant, inaccuracy of or inability to make a representation or warranty (excluding the Specified Representations) or any default or Event of Default
(other than any Specified Event of Default) by reason of any matter or circumstance relating to Sprint or its Subsidiaries will be deemed not to be a breach of a covenant, an inaccuracy of or failure to make a representation or warranty or a default
or Event of Default if it (i) does not have a material adverse effect on the consolidated results of operations or financial condition of the Borrower and its subsidiaries (including Sprint and its subsidiaries) taken as a whole, such that the
Borrower and its subsidiaries (including Sprint and its subsidiaries) taken as a whole would be unable to perform the payment obligations under the Secured Bridge Facility; (ii) was not knowingly procured or approved by the Borrower; (iii) is
capable of remedy and reasonable steps are being taken to remedy it and (iv) is not a breach of the covenants relating to the accession of Guarantors beyond the earlier of thirty (30) days after the Closing Date or the date on which any required
Guarantor actually guarantees the Existing T-Mobile Notes.
		
	Affirmative Covenants:	  	Same as Senior Credit Facilities.
		
	Negative Covenants:	  	Limited to (i) limitation on mergers, consolidations or transfers of assets substantially as an entirety of the Borrower and (ii) limitation on liens, in each case in a manner no less favorable to the Borrower than the indenture
relating to the Reference Notes. The Secured Bridge Facility will also treat as unrestricted any subsidiary of the Borrower that is designated as an “unrestricted subsidiary” under the Senior Credit Facilities.
		
	Financial Covenants:	  	None.
		
	 Dish Transactions and
 Consent
Decree
 Transactions:
	  	The credit agreement for the Secured Bridge Facility will contain provisions which expressly permit the Dish Transactions and the Consent Decree Transactions.
		
	Events of Default:	  	Limited to nonpayment of principal; nonpayment of interest, fees or other amounts (subject to a five business day grace period); inaccuracy of representations and warranties in any material respect; noncompliance with covenants
(subject in the case of affirmative covenants (other than use of proceeds, maintenance of the Borrower’s existence and delivery of notices of default) to 30-day grace period after written notice); bankruptcy and insolvency events with respect
to the Parent, the Borrower and “significant subsidiaries” (subject to a customary grace period for involuntary events); ERISA; change of control; invalidity of any material Guarantees, security interests with respect to a material portion
of the collateral or the Intercreditor Agreement, cross-acceleration and cross-payment default with respect to material


  
 B-6 














			
		  	indebtedness of the Borrower and its “significant subsidiaries” (or a group of restricted subsidiaries that would together constitute a “significant subsidiary”); and unsatisfied monetary judgments in excess of
an amount to be agreed.
		
	Cost and Yield Protection:	  	Same as Senior Credit Facilities.
		
	Defaulting Lenders:	  	Same as Senior Credit Facilities.
		
	Voting Rights:	  	(x) Until the expiration of the Certain Funds Period, amendments, waivers and consents will require only the approval of the Arrangers and (y) thereafter, amendments, waivers and consents will require the approval of Lenders holding
a majority of the aggregate amount of the loans and unused commitments under the Secured Bridge Facility; provided that, at any time, the consent of all affected Lenders will be required with respect to certain customary matters, including
(a) reductions in the unpaid principal amount or extensions of the scheduled final maturity date for the payment of principal of any loan, (b) reductions in interest rates or fees or extensions of the dates for payment thereof and
(c) increases in the amounts or extensions of the expiry date of the Lenders’ commitments, and the consent of 100% of the Lenders will be required with respect to (i) modifications of the pro rata sharing or “waterfall”
provisions of the credit agreement and (ii) modifications to any of the voting percentages.
		
	 Assignments and

Participations:
	  	Same as Senior Credit Facilities.
		
	 Expenses and

Indemnification:
	  	Same as Senior Credit Facilities.
		
	 Governing Law and

Jurisdiction:
	  	Same as Senior Credit Facilities.
		
	Bail-In	  	Same as Senior Credit Facilities.
		
	 Counsel to Arrangers and
 Secured
Bridge
 Administrative Agent:
	  	Cahill Gordon & Reindel LLP


  
 B-7 













 ANNEX I 
  

			
	 Duration Fees:
	 	The Borrower will pay to each Lender on each of the dates set forth below, or, if any such date is not
a business day, on the first succeeding business day after such date, a Duration Fee equal to the
applicable
percentage set forth below of the aggregate principal amount of such Lender’s loans under
the Secured Bridge Facility outstanding on such date:


									
					
	 	 	 	 	 Date
	  	 Duration Fee Percentage
	 	  
		 		 	 90 days after the

Closing Date
	  	0.50%	 	
					
		 		 	 180 days after the

Closing Date
	  	0.50%	 	
					
		 		 	 270 days after the

Closing Date
	  	0.50%	 	
					
		 		 	 364 days after the

Closing Date
	  	0.50%	 	


			
		
	 Extension Fee:
	 	 The Borrower will pay to each Lender an extension fee (each such fee, an “Extension Fee”) in an
amount equal to
(i) 0.25% of the aggregate principal amount of the loans under the Secured Bridge
Facility outstanding on the Initial Maturity Date which have been extended to the first Extension
Maturity Date and (ii) 0.25% of the aggregate principal amount
of the loans under the Secured Bridge
Facility outstanding on the first Extension Maturity Date which have been extended to the final
Extension Maturity Date. The Extension Fee shall be due and payable on the date of the
applicable
extension.
  
 After the Initial Maturity Date, the Borrower will pay to
each Lender on each of the dates set forth
below, or, if any such date is not a business day, on the first succeeding business day after such date,
a Duration Fee equal to the applicable percentage set forth below of the aggregate principal
amount of
such Lender’s loans under the Secured Bridge Facility outstanding on such date:



									
					
	 	 	 	 	 Date
	  	 Duration Fee Percentage
	 	  
		 		 	 90 days after the first

Initial Maturity Date
	  	0.75%	 	
					
		 		 	 180 days after the

Initial Maturity Date
	  	0.75%	 	
					
		 		 	 270 days after the

Initial Maturity Date
	  	0.75%	 	


  
 B-I-1 














			
	Interest Rates:	  	 Interest will be payable on loans under the Secured Bridge Facility at the following rates per annum:

 
 (a)   in the case of Eurodollar
loans, Adjusted LIBOR plus 1.25% per annum, and
  

(b)   in the case of ABR loans, the ABR plus 0.25% per annum.

		
		  	 The interest margins shall increase by an additional 25 basis points at the beginning of each three-month period subsequent to the initial
three-month period for so long as the loans under the Secured Bridge Facility are outstanding.
  

As used herein:
  

“Adjusted LIBOR” means the London Interbank Offered Rate (adjusted for statutory reserve requirements); provided that Adjusted LIBOR
shall in all cases not be less than 0%. The definitive documentation for the Secured Bridge Facility shall include successor LIBOR provisions reasonably acceptable to the Secured Bridge Administrative Agent and the Borrower.

 
 “ABR” means the highest of (a) the Secured Bridge Administrative
Agent’s Prime Rate, (b) the Federal Funds Effective Rate plus 1⁄2 of 1% and (c) the Adjusted LIBOR for a one month interest period on any day plus 1%.

 
 “Prime Rate” means the rate of interest per annum from time to time
published in the “Money Rates” section of The Wall Street Journal as being the “Prime Lending Rate” or, if more than one rate is published as the Prime Lending Rate, then the highest of such rates (each change in the Prime
Rate to be effective as of the date of publication in The Wall Street Journal of a “Prime Lending Rate” that is different from that published on the preceding domestic business day); provided, that in the event that The
Wall Street Journal shall, for any reason, fail or cease to publish the Prime Lending Rate, the Secured Bridge Administrative Agent shall choose a reasonably comparable index or source to use as the basis for the Prime Lending
Rate.



  
 B-I-2 














			
	 Eurodollar Interest

Periods:
	  	At the Borrower’s option, 1, 2, 3 or 6 months (or, if agreed by all relevant Lenders, 12 months). Interest on Eurodollar loans will be payable on the last day of each interest period and upon repayment or
prepayment.
		
	Interest Rate Basis:	  	Interest on Eurodollar loans will be payable in arrears on the basis of a 360-day year (calculated on the basis of the actual number of days elapsed). Interest on ABR loans will be payable
quarterly in arrears on the basis of a 365/366-day year when ABR is based on the Secured Bridge Administrative Agent’s Prime Rate and otherwise on a 360-day year (in each case calculated on the basis of
the actual number of days elapsed).
		
	Default Rate:	  	With respect to overdue principal, the applicable interest rate plus 2.00% per annum and, with respect to any other overdue amount, the interest rate applicable to ABR loans under the Secured Bridge Facility plus 2.00% per
annum.


  
 B-I-3 













 EXHIBIT C 

[RESERVED] 

  
 C-1 













 EXHIBIT D 

PROJECT LAKES 
 US$8.0 Billion
Senior Secured Credit Facilities 
 US$19.0 Billion Senior Secured Bridge Loan Facility 

Additional Conditions Precedent5 

The initial borrowings under each Facility shall be subject to the following conditions precedent: 

 

	1.	 The Acquisition shall have been consummated, or substantially concurrently with the funding under such Facility
shall be consummated, on substantially the terms set forth in the Business Combination Agreement without giving effect to any amendments, waivers or consents by the Borrower or its applicable merger subsidiary which are entered into after the date
of this Second Amended and Restated Commitment Letter (other than any amendment, waiver or consent to any interim operating covenants of Sprint and its subsidiaries not involving the incurrence of indebtedness or liens or the disposition of assets)
that are materially adverse to the Lenders in their capacities as such, unless approved by the Original Commitment Parties (such approval not to be unreasonably withheld or delayed) (it being understood and agreed that (i) any change in the
equity consideration for the Acquisition shall be deemed not to be materially adverse to the Lenders (so long as DT shall control (including by proxy) a majority of the voting stock of Parent), (ii) any change to the definition of
“Material Adverse Effect on Sprint” in the Business Combination Agreement shall be deemed to be materially adverse to the Lenders, and (iii) any change to the definition of “Outside Date” in the Business Combination
Agreement shall be deemed not to be materially adverse to the Lenders). The Specified Representations and the Business Combination Agreement Representations shall be true and correct in all material respects as of the Closing Date; provided
that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such date.
The Refinancing shall have been consummated, or substantially concurrently with the funding under the Facilities shall be consummated. The Consent Decree shall not be amended in a manner that is materially adverse to the Lenders in their capacities
as such, unless approved by the Original Commitment Parties (such approval not to be unreasonably withheld or delayed). 


  

	2.	 The Arrangers shall have received (a) U.S. GAAP audited consolidated balance sheets and related statements
of income (loss) or operations, stockholders’ equity and cash flows of each of the Company and Sprint for the three most recently completed fiscal years ended at least 90 days prior to the Closing Date and (b) U.S. GAAP unaudited
consolidated balance sheets and related statements of income (loss) or operations, stockholders’ equity and cash flows of each of the Company and Sprint for each subsequent fiscal quarter ended at least 45 days before the Closing Date (other
than the fourth quarter of any fiscal year and subject to normal year-end adjustments); provided that filing of the required financial statements on Form 10-K and Form 10-Q by the Company or Sprint will satisfy the foregoing requirements.



  

	3.	 The Arrangers shall have received a pro forma consolidated balance sheet and related pro forma consolidated
statement of income of the Company and its subsidiaries, in a form customary for inclusion in a confidential information memorandum used to syndicate bank credit facility, as of 



 
  

	5 	 Capitalized terms used but not otherwise defined herein have the meanings assigned thereto in the Commitment
Letter to which this Exhibit D is attached, including the other exhibits thereto. 



  
 D-1 














	 	
and for the 12-month period ending on the last day of the most recently completed four-fiscal quarter period for which financial statements have been delivered pursuant to paragraph 2 above,
prepared after giving effect to the Transactions as if the Transactions had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such statement of income). 


 

	4.	 The Senior Administrative Agent or Secured Bridge Administrative Agent, as applicable, shall have received a
customary borrowing notice, customary secretary’s certificates for the Borrower and each Guarantor, a customary closing officer’s certificate as to defaults and representations, a solvency certificate of the chief financial officer of the
Borrower dated as of the Closing Date in the form attached hereto as Exhibit E, customary legal opinions as to the loan documents, and customary corporate opinions as to the Borrower and the Guarantors, in each case subject to the Documentation
Provision. 


  

	5.	 The Arrangers shall have received at least 3 business days prior to the Closing Date, all documentation and
other information required by regulatory authorities with respect to the Borrower and the Guarantors under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the Patriot Act, as
reasonably requested by the Arrangers in writing at least 10 business days prior to the Closing Date. 


  

	6.	 The Arrangers, the Senior Administrative Agent or Secured Bridge Administrative Agent, as applicable, and the
Lenders shall have received (or substantially simultaneously with the initial funding of the Facilities on the Closing Date, shall receive) all fees and expenses required to be paid on or prior to the Closing Date pursuant to the Fee Letter or
hereunder and, with respect to expenses, invoiced to the Borrower at least three business days prior to the Closing Date. 


  

	7.	 With respect to the Senior Credit Facilities and the Secured Bridge Facility, all documents and instruments
required to be entered into or delivered by the Borrower and the Guarantors to create and perfect the security interests of the applicable collateral agent and the other secured parties thereunder in the Collateral shall have been executed and
delivered and, if applicable, be in proper form for filing as and to the extent required hereby, subject in each case to the Documentation Provision. 



  
 D-2 













 EXHIBIT E 

FORM OF SOLVENCY CERTIFICATE 
 Pursuant to
the Credit Agreement, the undersigned hereby certifies, solely in such undersigned’s capacity as [chief financial officer] of [the Borrower] (the “Borrower”), and not individually, and without any personal liability, as
follows: 
 As of the date hereof, after giving effect to the consummation of the Transaction, including the making of the Loans under the Credit Agreement
on the date hereof, and after giving effect to the application of the proceeds of such Loans, he is of the opinion that: 
 a. The fair value
of the assets of the Borrower and its Subsidiaries, on a consolidated basis, exceeds, on a consolidated basis, their debts and liabilities, subordinated, contingent or otherwise; 

b. The present fair saleable value of the property of the Borrower and its Subsidiaries, on a consolidated basis, is greater than the amount
that will be required to pay the probable liability, on a consolidated basis, of their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; 

c. The Borrower and its Subsidiaries, on a consolidated basis, are able to pay their debts and liabilities, subordinated, contingent or
otherwise, as such liabilities become absolute and matured; and 
 d. The Borrower and its Subsidiaries, on a consolidated basis, are not
engaged in, and are not about to engage in, business for which they have unreasonably small capital. 
 For purposes of this certificate, the amount of any
contingent liability at any time shall be computed as the amount that would reasonably be expected to become an actual and matured liability. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the
Credit Agreement. 
 The undersigned is familiar with the business and financial position of the Borrower and its Subsidiaries. In reaching the conclusions
set forth in this Certificate, the undersigned has made such other investigations and inquiries as the undersigned has deemed appropriate, having taken into account the nature of the particular business anticipated to be conducted by the Borrower
and its Subsidiaries after consummation of the transactions contemplated by the Commitment Letter. 
 [Signature page follows] 

  
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 IN WITNESS WHEREOF, I have executed this Solvency Certificate on the date first written above. 

 

			
	[BORROWER]


 
			
		
	By:	 	  

	Name:
	Title:



  
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