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EXHIBIT 4.75
Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934
T-Mobile US, Inc., a Delaware corporation (the “Company,” “we” or “our”), currently has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended, the Company’s common stock, par value $0.00001 per share (the “Common Stock”).  The following summary includes a brief description of the Common Stock as well as certain related information.
The following summary does not purport to be complete and is subject to, and qualified in its entirety by, the full text of our Fifth Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”), our Seventh Amended and Restated Bylaws (the “Bylaws”) and our Second Amended and Restated Stockholders’ Agreement, dated as of June 22, 2020 (the “Stockholders’ Agreement”), by and among the Company, Deutsche Telekom AG (“Deutsche Telekom”) and SoftBank Group Corp. (“SoftBank”).  For additional information please refer to the Certificate of Incorporation, Bylaws and Stockholders’ Agreement, each of which are exhibits to our Annual Report on Form 10- K, and applicable provisions of the General Corporation Law of the State of Delaware.
General
Pursuant to the Certificate of Incorporation, the total number of shares of capital stock that the Company is authorized to issue is two billion one hundred million (2,100,000,000).  The total number of shares of Common Stock that the Company is authorized to issue is two billion (2,000,000,000), with a par value of $0.00001 per share, and the total number of shares of preferred stock that the Company is authorized to issue is one hundred million (100,000,000), with a par value of $0.00001 per share (the “Preferred Stock”).  The rights and privileges of holders of Common Stock are subject to the rights and privileges of the holders of any series of Preferred Stock that we may issue in the future.
Common Stock
Voting Rights
Holders of our Common Stock have the right to vote on every matter submitted to a vote of our stockholders other than any matter on which only the holders of Preferred Stock are entitled to vote separately as a class.  There are no cumulative voting rights.  Accordingly, holders of a majority of shares entitled to vote in an election of directors are able to elect all of the directors standing for election.
Classification of the Board of Directors
All of the directors of the Company shall be of one class and shall be elected annually.  Each director shall hold office until the next annual meeting of stockholders and shall serve until his successor shall have been duly elected and qualified or until his earlier death, resignation, retirement, disqualification or removal.
Dividend, Liquidation and Other Rights
Subject to the prior rights of holders of all classes of stock at the time outstanding having prior rights as to dividends (including holders of Preferred Stock), the holders of Common Stock will share equally on a per share basis any dividends when, as and if declared by our board of directors out of funds legally available for that purpose.  If we are liquidated, dissolved or wound up, the holders of our Common Stock will, after satisfaction of all of our liabilities and subject to the prior rights of holders of all classes of stock at the time outstanding having prior rights as to distributions in the event of liquidation, dissolution or winding up (including holders of Preferred Stock), be entitled to a ratable share of any distribution to stockholders.  Our Common Stock carries no preemptive or other subscription rights to purchase shares of our Common Stock and is not convertible, assessable or entitled to the benefits of any sinking fund.
Redemption Provisions
Pursuant to our Certificate of Incorporation, if a holder of our Common Stock acquires additional shares of our Common Stock or otherwise is attributed with ownership of such shares that would cause us to violate specified Federal Communications Commission (“FCC”) rules or regulations, we may, at the option of the board of directors, redeem from the holder or holders causing the violation of the FCC’s rules shares of our Common Stock sufficient to eliminate the violation.
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The redemption price will be a price mutually determined by us and our stockholders, but if no agreement can be reached, the redemption price will be either:
•75% of the fair market value of our Common Stock being redeemed, if the holder caused the FCC violation; or
•100% of the fair market value of our Common Stock being redeemed, if the FCC violation was not caused by the holder.
The determination of whether such party caused the FCC violation will be made, in good faith, by the disinterested members of our board of directors.
The foregoing redemption rights do not apply to any shares of our Common Stock or Preferred Stock beneficially owned by Deutsche Telekom or any of its controlled affiliates or SoftBank or any of its controlled affiliates.  If any waivers or approvals are required from the FCC in order for Deutsche Telekom or any of its controlled affiliates to acquire or hold any shares of our Common Stock or Preferred Stock, Deutsche Telekom and any of its controlled affiliates are required by the Certificate of Incorporation to cooperate to secure such waivers or approvals and abide by any conditions related to such waivers or approvals.  If any waivers or approvals are required from the FCC in order for SoftBank or any of its controlled affiliates to acquire or hold any shares of our Common Stock or Preferred Stock, SoftBank and any of its controlled affiliates are required by the Certificate of Incorporation to cooperate to secure such waivers or approvals and abide by any conditions related to such waivers or approvals.
Provisions Regarding Existing or Prospective Holders
The Company is subject to Section 203 of the General Corporation Law of the State of Delaware (“Section 203”), which generally provides that an “interested stockholder” cannot engage in a “business combination” (as those terms are defined in Section 203) with the Company for a period of three years after the stockholder became an “interested stockholder,” subject to exceptions.  Our Certificate of Incorporation and Bylaws do not opt-out of Section 203.
Certain Other Provisions of Our Certificate of Incorporation and Bylaws
The following provisions of our Certificate of Incorporation and Bylaws could be deemed to have an anti-takeover effect and could delay, defer or prevent a takeover attempt that a stockholder might consider to be in the stockholders’ best interests.
•Advance notice of director nominations and matters to be acted upon at meetings.  Our Bylaws contain advance notice requirements for nominations by stockholders for the election of directors to serve on our board of directors and for proposing other items of business that can be acted upon by stockholders at stockholder meetings.
•Amendment to Bylaws.  Our Certificate of Incorporation provides that our Bylaws may be amended upon the affirmative vote of the holders of shares having a majority of the aggregate voting power of all outstanding shares of our capital stock then entitled to vote on amendments to our Bylaws.  Our Certificate of Incorporation also provides that our board of directors is authorized to make, alter or repeal our Bylaws without further stockholder approval.
•Special meeting of stockholders.  Our Certificate of Incorporation provides that a special meeting of our stockholders (i) may be called by the chairperson of the board or our chief executive officer and (ii) must be called by our secretary at the request of (a) a majority of our board of directors or (b) as long as Deutsche Telekom and its controlled affiliates beneficially own 25% or more of the outstanding shares of our Common Stock, the holders of not less than 33- 1⁄3% of the voting power of all of the outstanding voting stock of our Company entitled to vote generally for the election of directors.
•Stockholder Action by Written Consent.  Our Certificate of Incorporation provides that as long as Deutsche Telekom and its controlled affiliates beneficially own 25% or more of the outstanding shares of our Common Stock, stockholders may act by written consent in lieu of a meeting.
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•Board representation.  Our Certificate of Incorporation incorporates provisions of the Stockholders’ Agreement providing Deutsche Telekom with certain rights to designate a number of designees to our board of directors as described below.
•Special consent rights.  Our Certificate of Incorporation provides Deutsche Telekom with the same consent rights as are set forth in the Stockholders’ Agreement with respect to our ability to take certain actions.
•Authorized but unissued shares.  The authorized but unissued shares of our Common Stock and Preferred Stock are available for future issuance without stockholder approval.  These additional shares may be used for a variety of corporate purposes, such as for additional public offerings, acquisitions and employee benefit plans.  The existence of authorized but unissued and unreserved Common Stock and Preferred Stock could render more difficult or discourage an attempt to obtain control of our Company by means of a proxy contest, tender offer, merger or otherwise.
•Cumulative voting.  Our Certificate of Incorporation does not permit cumulative voting in the election of directors.  Instead, any election of directors will be decided by a plurality of the votes cast (in person or by proxy) by holders of our stock entitled to vote thereon.
Stockholders’ Agreement
Pursuant to the Stockholders’ Agreement, Deutsche Telekom has certain rights to designate individuals to be nominees for election to our board of directors and certain committees thereof.  Pursuant to the Stockholders’ Agreement, at all times when Deutsche Telekom, SoftBank and Marcelo Claure beneficially own at least 50% of the outstanding Common Stock and any other securities of the Company that are entitled to vote in the election of directors (collectively, “T-Mobile Voting Securities”) in the aggregate and any such T-Mobile Voting Security continues to be subject to the voting proxy (the “SoftBank Proxy”) pursuant to the Proxy, Lock-Up and ROFR Agreement, dated as of April 1, 2020, by and between Deutsche Telekom and SoftBank or the voting proxy (the “Claure Proxy”) pursuant to the Proxy, Lock-Up and ROFR Agreement, dated as of June 22, 2020, by and among Deutsche Telekom, Claure Mobile LLC and Marcelo Claure, as applicable, the Company and Deutsche Telekom will take all actions necessary to ensure that: (i) the Company’s board of directors will consist of a total of 14 directors (except in cases of resignations, retirements, deaths or removals, pending any new appointments), (ii) Deutsche Telekom has the right to designate a specified number of nominees for election to the Company’s board of directors in accordance with the terms of the Stockholders’ Agreement, subject to certain requirements, including requirements with respect to the “independence” of certain nominees under applicable stock exchange listing standards and rules of the Securities and Exchange Commission, (iii) the chairperson of the Company’s board of directors will be a Deutsche Telekom designee and (iv) the Company’s board of directors will have certain committees, which committees will be comprised in the manner specified in the Stockholders’ Agreement.  The Stockholders’ Agreement further provides that at all times when Deutsche Telekom, SoftBank and Marcelo Claure beneficially own less than 50% of the outstanding T-Mobile Voting Securities in the aggregate or no T-Mobile Voting Security continues to be subject to the SoftBank Proxy or the Claure Proxy, then, in each case, (i) Deutsche Telekom has the right to designate a number of nominees for election to the Company’s board of directors equal to the percentage of T-Mobile Voting Securities that each beneficially owns (provided that such percentage is 10% or more) multiplied by the number of directors on the Company’s board of directors, rounded to the nearest whole number greater than zero and (ii) board committees will comprise designees of Deutsche Telekom in percentages determined by the Stockholders’ Agreement, subject to certain exceptions.
In addition, pursuant to the Stockholders’ Agreement, until the DT Specified Actions Termination Date (as defined in the Stockholders’ Agreement), we will not take certain actions without Deutsche Telekom’s prior written consent, including (a) incurring indebtedness above certain levels based on a specified debt to cash flow ratio, (b) taking any action that would cause a default under any instrument evidencing indebtedness to which Deutsche Telekom or any of its affiliates is a party, (c) acquiring or disposing of assets or entering into mergers or similar acquisitions in excess of $1.0 billion, (d) changing the size of our board of directors, (e) subject to certain exceptions, issuing equity of 10% or more of the then-outstanding shares of Common Stock, or issuing equity to redeem debt held by Deutsche Telekom, (f) repurchasing or redeeming equity securities or making any extraordinary or in-kind dividend other than on a pro rata basis, or (g) making certain changes involving our chief executive officer.  In addition, we have agreed that, without the prior written consent of Deutsche Telekom, we will not amend our Certificate of Incorporation and Bylaws in any manner that could limit, restrict or adversely affect Deutsche Telekom’s rights under the Stockholders’ Agreement as long as Deutsche Telekom and its controlled affiliates beneficially own 5% or more of the outstanding shares of our Common Stock.
During the term of the Stockholders’ Agreement, Deutsche Telekom is not permitted to, and is required to cause the Deutsche Telekom designees then serving as directors on our board of directors not to, support, enter into 
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or vote in favor of (a) any transaction in which the aggregate amount involved exceeds, or may be expected to exceed, $120,000 between or involving both (i) the Company and (ii) Deutsche Telekom and its affiliates, unless such transaction is approved unanimously by the audit committee of our board of directors or, for amendments to previously approved transactions, by a majority of the by the audit committee of our board of directors.  
Pursuant to the Stockholders’ Agreement, Deutsche Telekom and its affiliates are generally prohibited from acquiring Common Stock that would cause their collective beneficial ownership to exceed a certain percentage of the outstanding T-Mobile Voting Securities (as that term is defined in the Stockholders’ Agreement) unless such acquiring stockholder makes an offer to acquire all of the then-remaining outstanding shares of Common Stock at the same price and on the same terms and conditions as the proposed acquisition from all other stockholders of the Company, which is either (i) accepted or approved by a majority of the directors on the Company’s board of directors, which majority includes a majority of the directors who are not affiliated with Deutsche Telekom or SoftBank under the terms of the Stockholders’ Agreement (the “Required Approval”), or (ii) accepted or approved by holders (other than Deutsche Telekom, SoftBank and their respective affiliates) of a majority of the shares of Common Stock (other than shares held by Deutsche Telekom, SoftBank and their respective affiliates).  Deutsche Telekom is also prohibited from transferring any shares of Common Stock in any transaction that would result in the transferee owning more than 30% of the outstanding shares of Common Stock, subject to certain exceptions, unless the transfer is approved by our board of directors (including the Required Approval) or the transferee offers to acquire all of the then outstanding shares of Common Stock at the same price and on the same terms and conditions as the proposed transfer.
Subject to specified limitations, Deutsche Telekom has the right to request that we file, from time to time, a registration statement or prospectus supplement to a registration statement for the resale of shares of our Common Stock and debt securities beneficially owned by Deutsche Telekom.  In addition, Deutsche Telekom has piggyback registration rights with respect to any offering that we initiate.  Any transferee of Deutsche Telekom who acquires at least 5% of either the registrable equity securities or the registrable debt securities pursuant to a transaction that is not registered under the Securities Act will be entitled to enjoy the same registration rights as Deutsche Telekom, as applicable, as long as the registrable securities held by such transferee may not be sold or disposed of pursuant to Rule 144 under the Securities Act without volume limitations.
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EXHIBIT 10.27

RECEIVABLES SALE AND CONVEYANCING AGREEMENT

by and among

SPRINT SPECTRUM LLC
SPRINTCOM, INC.,
each as a Seller,  
and  
T-MOBILE FINANCIAL LLC,
as Purchaser

Dated as of November 10, 2021

TABLE OF CONTENTS

Page

ARTICLE 1    DEFINITIONS                        1
Section 1.01    General                                1
Section 1.02    Additional Specific Defined Terms                1
ARTICLE 2    TRANSFERS OF PURCHASED ASSETS                2
Section 2.01    Conveyance of Purchased Assets                    2
Section 2.02    Assignment of Agreement                    4
Section 2.03    Repurchase of Aged and Written-Off Receivables        4
ARTICLE 3    REPRESENTATIONS AND WARRANTIES                5
Section 3.01    Entity Representations and Warranties                5
Section 3.02    Receivable Representations and Warranties            8
ARTICLE 4    PERFECTION OF TRANSFER AND PROTECTION OF 
SECURITY INTERESTS                              8
Section 4.01    Filing                                8
Section 4.02    Name Change or Relocation                    8
Section 4.03    Sale Treatment                            8
Section 4.04    Separateness from T-Mobile Airtime Funding            9
ARTICLE 5    COVENANTS                                9
Section 5.01    Compliance with Law                        9
Section 5.02    Performance of Credit Agreements                9
Section 5.03    No Adverse Claims                        9
Section 5.04    Modification of Receivables                    9
Section 5.05    Payment Instructions                        10
Section 5.06    Marking of Records                        10
Section 5.07    Sales Tax                                10
Section 5.08    Obligations of Sellers                        10
Section 5.09    Books of Account                            10
Section 5.10    Corporate Existence; Merger or Consolidation            10
Section 5.11    Separate Existence                        11
ARTICLE 6    MISCELLANEOUS                            11
Section 6.01    Amendment                            11
Section 6.02    Notices                                11
Section 6.03    Delivery of Collections                        12
Section 6.04    Merger and Integration                        12
									
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TABLE OF CONTENTS
(continued)
Page

Section 6.05    Headings                                12
Section 6.06    Governing Law                            12
Section 6.07    No Bankruptcy Petition; Subordination                12
Section 6.08    Severability of Provisions                        13
Section 6.09    No Waiver; Cumulative Remedies                13
Section 6.10    Counterparts                            13
Section 6.11    Other Agreements                            13
Section 6.12    JURISDICTION                            13
Section 6.13    WAIVER OF JURY TRIAL                    13
Section 6.14    Right of First Refusal                        14

									
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This RECEIVABLES SALE AND CONVEYANCING AGREEMENT, dated as of November 10, 2021 (as amended, restated, or supplemented from time to time, this “Agreement”), is made by and among SPRINT SPECTRUM LLC, a Delaware limited liability company, and SPRINTCOM, INC., a Kansas corporation, each as a Seller hereunder (in such capacity, a “Seller” and, collectively, the “Sellers”), and T-Mobile Financial LLC, a Delaware limited liability company (“Finco”), as the Purchaser hereunder (in such capacity, the “Purchaser”).
WHEREAS, in the regular course of its business, each of the Sellers (x) originates Receivables and the associated Related Rights thereto arising from unsecured retail equipment installment plan sales contracts and related rights and (y) pursuant to separate EIP Dealer Agreements between such Seller and one or more EIP Dealers, purchases all of each such EIP Dealer’s right, title and interest in Receivables and the associated Related Rights thereto arising from unsecured retail equipment installment plan sales contracts and related rights that each such EIP Dealer originates;
WHEREAS, each Seller hereunder is an “Other TMUS Originator” under and as defined in the Receivables Purchase Agreement (as defined below);
WHEREAS, each Seller wishes to sell, assign, set-over, transfer and otherwise convey, from time to time, to the Purchaser, all of such Seller’s right, title and interest in, to and under the Receivables and the associated Related Rights thereto arising from unsecured retail equipment installment plan sales contracts and related rights that such Seller originates or, as applicable, purchases from one or more EIP Dealers and the Purchaser wishes to, from time to time, purchase, acquire and otherwise accept the conveyance of such Receivables and the associated Related Rights thereto arising from unsecured retail equipment installment plan sales contracts and related rights from the Sellers; and
WHEREAS, the Sellers and the Purchaser wish to set forth the terms and conditions pursuant to which each Seller will on each Purchase Date (as applicable) sell, transfer, assign, set-over and otherwise convey to the Purchaser Receivables and the associated Related Rights thereto arising from unsecured retail equipment installment plan sales contracts and related rights that such Seller originates or, as applicable, purchases from one or more EIP Dealers;
NOW, THEREFORE, in consideration of the premises and the mutual agreements hereinafter set forth, the parties hereto agree as follows:
ARTICLE 1
DEFINITIONS
Section 1.01General. Unless otherwise specifically defined in this Agreement, capitalized terms used herein (including in the preamble above) shall have the meanings assigned to them in that certain Third Amended and Restated Receivables Purchase and Administration Agreement, dated as of October 23, 2018 (as amended, supplemented, or otherwise modified from time to time, the “Receivables Purchase Agreement”), among T-Mobile Handset Funding LLC (“T-Mobile Funding”), as transferor, Finco, in its individual capacity and as servicer (in such capacity, the “Servicer”), T-Mobile US, Inc., in its capacity as performance guarantor under the Performance Guaranty, T-Mobile USA, Inc., in its capacity as performance guarantor under the Performance Guaranty, the Conduit Purchasers, Committed Purchasers and Funding Agents party thereto from time to time, and Royal Bank of Canada, as Administrative Agent for the Owners (the “Administrative Agent”). References herein to this Agreement or any other document, instrument or agreement include all amendments, modifications, and supplements hereto or thereto and any changes herein or therein entered into from time to time hereafter in accordance with the respective terms and provisions hereof or thereof.
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Section 1.01Additional Specific Defined Terms. In addition, when used herein, the following terms shall have the following specified meanings:
“Collections” shall mean, with respect to a Receivable, any cash payments (or equivalent) made by or on behalf of the related Obligor with respect to such Receivable as a payment thereon and any other cash proceeds of such Receivable, including cash proceeds of Related Rights associated with such Receivable.
“Payment Account” shall mean each of the deposit accounts identified and designated by the Servicer as a “Payment Account” in a list of accounts provided to the Administrative Agent (for the benefit of the Owners), as such list may be supplemented by the Servicer from time to time. 
“Purchase Date” shall mean, with respect to a Receivable, the date on which such Receivable is acquired, or purported to be acquired, by the Purchaser from the applicable Seller in accordance with the terms of this Agreement.
“Related Rights” shall mean all of the applicable Seller’s right, title and interest in, to and under (a) the Related Documents, (b) if applicable, the related EIP Dealer Agreement, (c) the Collection Account and (d) without limiting the foregoing, with respect to any Receivable, all of such Seller’s right, title and interest in, to and under:
(A)    solely to the extent applicable to such Receivable, all of such Seller’s rights, interests and claims under the related Credit Agreement and all guaranties, indemnities, insurance and other agreements or arrangements of whatever character from time to time supporting or securing payment of such Receivable or otherwise relating to such Receivable, whether pursuant to the Credit Agreement related to such Receivable or otherwise;
(B)    all security interests, hypothecations, reservations of ownership, liens or other adverse claims and property subject thereto from time to time purporting to secure payment of such Receivable, whether pursuant to the Credit Agreement pursuant to which such Receivable was originated, together with all financing statements, registrations, hypothecations, charges or other similar filings or instruments against an Obligor and all security agreements describing any collateral securing such Receivable, if any;
(C)    all guarantees, insurance policies and other agreements or arrangements of whatsoever character from time to time supporting of such Receivable whether pursuant to the Credit Agreement pursuant to which such Receivable was originated, including any obligation of any party under the Related Documents or EIP Dealer Agreement, as applicable, to promptly deposit amounts received in respect of Collections to an account;
(D)    all Collections with respect to such Receivable; and
(E)    all proceeds of the foregoing, including, without limitation, all related amounts on deposit in the Collection Account.
ARTICLE 2
TRANSFERS OF RECEIVABLES AND RELATED RIGHTS
Section 2.01Conveyance of Receivables and Related Rights.
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(a)Subject to the terms and conditions set forth in this Agreement, on each Business Day from and after the November 2021 Amendment Closing Date, each Seller will sell, transfer, assign, set-over and otherwise convey to the Purchaser and the Purchaser shall purchase from each Seller all of such Seller’s right, title and interest in and to (i) Eligible Receivables (including, for the avoidance of doubt, EIP Dealer Receivables that are Eligible Receivables and that such Seller will have previously acquired from one or more EIP Dealers) not previously sold to the Purchaser that will be randomly selected by the Purchaser and (ii) all associated Related Rights (including all Collections associated with the foregoing) with respect thereto. Each such sale, transfer, assignment, set-over and conveyance shall be executed without recourse (other than as expressly provided herein).
(b)The sales, transfers, assignments, set-overs and conveyances described above shall be made in consideration of the Purchaser’s payment, in respect of each such Receivable and Related Rights, of a purchase price therefor in an amount equal to the Receivables Balance of the Receivable as of the Purchase Date or any other amount at least equal to the fair market value thereof that is mutually agreed upon by the applicable Seller and the Purchaser (as determined by the Purchaser and the relevant Seller in their reasonable discretion computed by taking into account factors such as historical losses, servicing fees, delinquencies and paydown rates, yield and such other factors as the applicable Seller and the Purchaser mutually agree). Such payment may be effected, in the discretion of and by mutual agreement of the Purchaser and the relevant Seller, through an actual transfer of funds from the Purchaser to such Seller in the amount of such purchase price, by equivalent intracorporate entries on the books and records of the Purchaser and such Seller (including without limitation by the decrease or increase of intracorporate indebtedness between the Purchaser and Seller), or any combination of the foregoing.
(c)The foregoing assignments, transfers, set-overs and conveyances do not constitute and are not intended to result in a creation or an assumption by the Purchaser from any Seller (or, if applicable, any EIP Dealer) of any obligation of any Seller (or, if applicable, any EIP Dealer) in connection with the Receivables being so sold, assigned, transferred, set-over or conveyed, or under any agreement or instrument relating thereto including, without limitation, (i) any obligation to an Obligor and (ii) any taxes, fees or other charges imposed by any Governmental Authority.
(d)The parties hereto intend and agree that any conveyance hereunder is intended to be a sale, assignment, conveyance, set over and transfer of ownership of the related Receivables and Related Rights so that such Receivables and Related Rights shall not be part of the applicable Seller’s estate in the event of the filing of a bankruptcy petition by or against such Seller under any Insolvency Law.  In the event, however, that notwithstanding such intent and agreement, a conveyance contemplated hereby is determined not to be a sale and conveyance of ownership, each Seller hereby grants to the Purchaser a perfected first priority security interest in such Seller’s right, title and interest in and to (a) such Receivables, (b) the associated Related Rights, and (c) all income from and proceeds of the foregoing, and this Agreement collectively, shall constitute a security agreement under applicable law, securing such Seller’s obligations hereunder. If such conveyance is deemed to be the mere granting of a security interest to secure a borrowing, the Purchaser may, to secure the Purchaser’s own borrowing under the Sale Agreement (to the extent that a transfer of the Receivables, associated Related Rights, and all income from and proceeds of the foregoing to T-Mobile Funding is deemed to be a mere granting of a security interest to secure a borrowing) repledge and reassign to T-Mobile Funding (i) all or a portion of the Receivables, pledged to the Purchaser and not released from the security interest of this Agreement at the time of such pledge and assignment, (ii) the other Related Rights, and (iii) all income from and proceeds of the foregoing. Such repledge and reassignment may be made by the Purchaser with or without a repledge and reassignment by the Sellers of their rights under this Agreement, and without further notice to or acknowledgment from the 
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applicable Seller. Such Seller waives, to the extent permitted by applicable law, all claims, causes of action and remedies, whether legal or equitable (including any right of setoff), against the Purchaser or any assignee of the Purchaser relating to such action by the Purchaser in connection with the transactions contemplated by the Sale Agreement, the Receivables Purchase Agreement, the EIP Dealer Agreements and the other Related Documents.
Section 2.02Assignment of Agreement. The Purchaser has the right to assign its interest under this Agreement to T-Mobile Funding as required to effect the purposes of the Sale Agreement, the other Related Documents and the EIP Dealer Agreements, without further notice to, or consent of, any Seller (and, if applicable, any EIP Dealer), and T-Mobile Funding (together with the Administrative Agent (for the benefit of the Owners)) shall succeed to such of the rights of the Purchaser hereunder as shall be so assigned. Each Seller acknowledges that, pursuant to the Sale Agreement, the Purchaser will assign all of its right, title and interest in and to all Receivables and Related Rights and its rights hereunder against such Seller, to T-Mobile Funding, and that T-Mobile Funding may further convey such interests and rights to the Administrative Agent (for the benefit of the Owners) pursuant to the Receivables Purchase Agreement. Each Seller agrees that, upon such assignment to T-Mobile Funding, such interests and rights will run to and be for the benefit of T-Mobile Funding (and the Administrative Agent (for the benefit of the Owners)) and that T-Mobile Funding (and/or the Administrative Agent (for the benefit of the Owners)) may enforce directly, without joinder of the Purchaser, its rights or interests hereunder in respect of the Receivables and Related Rights so conveyed. Each Seller agrees that the Administrative Agent shall have the right to enforce this Agreement, the EIP Dealer Agreements and each other Related Document and to exercise directly all of the Purchaser’s rights and remedies under this Agreement, the EIP Dealer Agreements and each other Related Document (including the right to give or withhold any consents or approvals of the Purchaser to be given or withheld hereunder), and each Seller agrees to cooperate fully with the Administrative Agent in the exercise of such rights and remedies. Each Seller further agrees to give the Administrative Agent copies of all notices and reports it is required to give to the Purchaser hereunder.
Section 2.03Repurchase, Retransfer or Reassignment of Certain Receivables.
(a)In the event that, pursuant to Section 5.01 of the Sale Agreement, Finco repurchases an Ineligible Receivable from T-Mobile Funding pursuant to the terms of the Sale Agreement, Finco may request that the respective Seller from which it acquired such Ineligible Receivable hereunder repurchase, and such Seller shall have an obligation to repurchase, such Ineligible Receivable from Finco, automatically, and without further action by such Seller or Finco, on the same date, for the same amount and on the same terms of the corresponding repurchase by Finco to take place under Section 5.01 of the Sale Agreement.  All of the retransfers of Ineligible Receivables contemplated by this Section 2.03(a) shall occur without recourse to, and without warranty of any kind deemed to have been made by, Finco, and all representations and warranties are hereby expressly disclaimed. Upon payment of the amounts described in this Section 2.03(a), Finco shall assign to the applicable Seller all of Finco’s right, title and interest in the applicable Ineligible Receivables, in each case received and released from Finco in accordance with the Sale Agreement, without recourse, representation or warranty.
(b)In the event that, pursuant to Section 5.02 of the Sale Agreement, T-Mobile Funding retransfers an Imminent Written-Off Receivable to Finco, Finco may further retransfer such Imminent Written-Off Receivable to the respective Seller from which it initially acquired such Imminent Written-Off Receivable hereunder, and such Imminent Written-Off Receivable shall immediately thereafter be retransferred by Finco to such Seller, automatically, and without any further action by such Seller or Finco.  All of the retransfers of Imminent Written-Off Receivables contemplated by this Section 2.03(b) shall occur without recourse to, and without warranty of any kind deemed to have been made by, Finco, and all representations 
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and warranties are hereby expressly disclaimed.  In connection with the retransfers of Imminent Written-Off Receivables contemplated by this Section 2.03(b), Finco shall assign, set over and otherwise convey to the applicable Seller all of Finco’s right, title, and interest to the applicable Imminent Written-Off Receivables.  For purposes of this Section 2.03(b), Finco shall be prohibited from retransferring Receivables to any Seller if at the time of such retransfer, and after giving effect thereto, the aggregate Receivable Balances immediately prior to the retransfer for all retransferred Imminent Written-Off Receivables to such Seller during the past twelve (12) months would exceed 10.00% of the aggregate Receivable Balances of all Receivables sold by such Seller to Finco hereunder.
(c)In the event that, pursuant to Section 5.03(b) of the Sale Agreement, the Malbec Receivable Promotional Credit portion of any Malbec Receivable is automatically retransferred to Finco, Finco may further retransfer the Malbec Receivable Promotional Credit portion of such Malbec Receivable to the respective Seller from which it initially acquired such Receivable hereunder and the Malbec Receivable Promotional Credit portion of such Malbec Receivable shall immediately thereafter be retransferred by Finco to such Seller, automatically, and without any further action by such Seller or Finco.  All of the retransfers of the Malbec Receivable Promotional Credit portions of Malbec Receivables contemplated by this Section 2.03(c) shall occur without recourse to, and without warranty of any kind deemed to have been made by, Finco, and all representations and warranties are hereby expressly disclaimed.  In connection with the retransfers of the Malbec Receivable Promotional Credit portions of Malbec Receivables contemplated by this Section 2.03(c), Finco shall assign, set over and otherwise convey to the applicable Seller all of Finco’s right, title, and interest to the Malbec Receivable Promotional Credit portion of the applicable Malbec Receivables.
(d)In the event that, pursuant to Section 5.04 of the Sale Agreement, an EPS/HPP Receivable is automatically retransferred to Finco, Finco may further retransfer such EPS/HPP Receivable to the respective Seller from which it initially acquired such Receivable hereunder and such EPS/HPP Receivable shall immediately thereafter be retransferred by Finco to such Seller, automatically, and without any further action by such Seller or Finco.  All of the retransfers of EPS Receivables contemplated by this Section 2.03(d) shall occur without recourse to, and without warranty of any kind deemed to have been made by, Finco, and all representations and warranties are hereby expressly disclaimed.  In connection with the retransfers of EPS/HPP Receivables contemplated by this Section 2.03(d), Finco shall assign, set over and otherwise convey to the applicable Seller all of Finco’s right, title, and interest to the applicable EPS/HPP Receivables.
ARTICLE 3
REPRESENTATIONS AND WARRANTIES
Each Seller, upon execution of this Agreement and on each Purchase Date, makes the following representations and warranties (in each case solely with respect to itself and the related Receivables and Related Rights which it owns and is conveying hereunder and thereunder), on which the Purchaser (and the Administrative Agent (for the benefit of the Owners)) will rely in purchasing and accepting conveyance of such Receivables and Related Rights on each Purchase Date. In addition, the Purchaser, upon execution of this Agreement and on each Purchase Date, makes the representation and warranty in Section 3.03 below on which the Administrative Agent (for the benefit of the Owners) will rely in purchasing and accepting conveyance of Receivables and Related Rights under the Receivables Purchase Agreement. Such representations and warranties (unless expressly stated otherwise) speak as of each Purchase Date, but shall survive the conveyance of the related Receivables and Related Rights to the Purchaser and the Administrative Agent (for the benefit of the Owners).
Section 3.01Entity Representations and Warranties.
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(a)Organization and Good Standing. (i) Such Seller is a corporation or a limited liability company duly organized, validly existing and in good standing under the laws of the State of its organization, and has the corporate or limited liability company power, as applicable, to own its assets and to transact the business in which it is currently engaged.  Such Seller is duly qualified to do business as a foreign corporation or a foreign limited liability company, as applicable, and is in good standing in each jurisdiction in which the character of the business transacted by it or properties owned or leased by it requires such qualification and in which the failure so to qualify could reasonably be expected to have a material adverse effect on the business, properties, assets, or condition (financial or otherwise) of such Seller or its ability to perform its duties hereunder. Such Seller is properly licensed in each jurisdiction to the extent required by the laws of such jurisdiction in order to originate, acquire, or own or sell, and (if such Seller is to be the Servicer or a permitted subservicer of the Servicer) service the Receivables in accordance with the terms of the Receivables Purchase Agreement.
(b)Authorization; Binding Obligation. Such Seller has the power and authority to make, execute, deliver and perform this Agreement, the other Related Documents and any EIP Dealer Agreement to which such Seller is a party and all of the transactions contemplated under this Agreement, the other Related Documents  and any EIP Dealer Agreement to which such Seller is a party, and has taken all necessary corporate or limited liability company action, as applicable, to authorize the execution, delivery and performance of this Agreement, the other Related Documents and any EIP Dealer Agreement to which such Seller is a party. This Agreement, the other Related Documents and any EIP Dealer Agreement to which such Seller is a party have been duly executed and delivered by such Seller and constitute the legal, valid and binding obligation of such Seller, enforceable against such Seller in accordance with their terms, except as enforcement of such terms may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally, any applicable law imposing limitations upon, or otherwise affecting, the availability or enforcement of rights to indemnification hereunder, and by the availability of equitable remedies.
(c)No Consent Required. Such Seller is not required to obtain the consent of any other Person or any consent, license, approval or authorization from, or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery, performance, validity or enforceability of this Agreement, the other Related Documents and any EIP Dealer Agreement to which such Seller is a party.
(d)No Violations. Such Seller’s execution, delivery and performance of this Agreement, the other Related Documents and any EIP Dealer Agreement to which it is a party will not violate any provision of any existing law or regulation or any order or decree of any court or the certificate of incorporation, articles of incorporation, certificate of formation, limited liability company agreement or other corporate chartering instrument thereof, or the bylaws of such Seller, or constitute a material breach of any mortgage, indenture, contract or other agreement to which such Seller is a party or by which it or any of its properties may be bound.
(e)Taxes. (i) Such Seller has filed all income tax and other material tax returns required to be filed in the normal course of its business and has paid or made adequate provisions for the payment of all taxes, assessments and other governmental charges due from such Seller or is contesting any such tax, assessment or other governmental charge in good faith through appropriate proceedings, (ii) no tax lien has been filed with respect thereto (other than Liens permitted under the Receivables Purchase Agreement), and (iii) no claim is being asserted with respect to any such tax, fee or other charge.
(f)No Changes. Such Seller has not changed its name, identity, structure or jurisdiction of organization, within the four months preceding the Purchase Date (or if so changed, all necessary actions in connection with such change have been or are being timely 
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taken in accordance with Section 4.02). Such Seller has not changed the jurisdiction of its organization within the four months preceding the date hereof and is not known by and does not use any trade name or doing-business-as name.
(g)Solvency. Such Seller, on the date of and after giving effect to conveyances made by it hereunder, is solvent and will not be subject to an Insolvency Event. No event has occurred and is continuing, or would result from any purchase by the Purchaser of Receivables from such Seller or the application of the proceeds therefrom, which constitutes an Insolvency Event.
(h)Investment Company. Such Seller is not an “investment company” under, and as defined in, the Investment Company Act of 1940, as amended.
(i)Antecedent Debt. The sale of Receivables by such Seller to the Purchaser pursuant to this Agreement, and all other transactions between such Seller and the Purchaser, have been and will be made in good faith and without intent to hinder, delay or defraud creditors of such Seller or any other member of the T-Mobile Group (as such term is defined in Annex C of the Receivables Purchase Agreement).
(j)Compliance with Laws. Such Seller has not breached any material laws applicable to it or its business or property that could reasonably be expected to result in a Material Adverse Effect with respect to such Seller.
(k)Taxes. Such Seller is not required to account to any governmental body or agency for any value added or other similar tax in respect of the assignment by such Seller of any Receivable and no withholding or other tax is deductible or payable on any payment made by any Obligor with respect to any Receivable. All sales, excise or other taxes with respect to the goods, insurance or services that are the subject of any Credit Agreement for a Receivable have been paid as and when due unless such amounts are being disputed in good faith.
(l)No Deductions. Such Seller is not required to make any deduction for or on account of taxes from any payment made by it under a Related Document or any EIP Dealer Agreement.
(m)UCC Financing Statement. Duly completed and sufficient UCC financing statements covering all Receivables and Related Rights sold by such Seller to the Purchaser hereunder have been filed with the Secretary of State of the state in which such Seller is organized or otherwise “located” for purposes of the UCC, naming such Seller as debtor, the Purchaser as secured party, and T-Mobile Funding LLC as assignee of the secured party, in each case as may be necessary under the UCC in order to perfect the Administrative Agent’s interest in the Transferred Receivables.
(n)ERISA. Such Seller is not an employee benefit plan that is subject to Title I of ERISA or Section 4975 of the Code or a “benefit plan investor” as defined in Section 3(42) of ERISA and such Seller shall not use the assets of an employee benefit plan that is subject to Title I of ERISA or Section 4975 of the Code or any “benefit plan investor” as defined in Section 3(42) of ERISA to discharge any of its obligations under this Agreement.
(o)Ownership. Upon each purchase of Receivables hereunder, the Purchaser shall acquire (i) a valid and perfected ownership interest in each such Receivable and all identifiable cash proceeds thereof and (ii) valid ownership interest in all Related Rights with respect thereto.
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(p)No Financing Statements. No effective financing statement or other instrument similar in effect covering any Credit Agreement or any Receivable or the Related Rights or Collections with respect thereto is on file in any recording office, except those filed in favor of, or assigned to, the Administrative Agent relating to this Agreement, the other Related Documents and any EIP Dealer Agreement.
(q)Transfer of Receivables. Immediately preceding its sale of any Receivables to the Purchaser, such Seller, was the owner of such Receivables, free and clear of any lien and after such sale of Receivables to the Purchaser, the Purchaser shall at all times have a valid ownership interest in the Receivables and ownership of the Receivables shall be vested in the Purchaser.  Without limiting the generality of the foregoing, in the case of any EIP Dealer Receivable, when such EIP Dealer Receivable and the Related Rights thereto were transferred or assigned to such Seller, such Seller, as of such time, has acquired all of the applicable EIP Dealer’s right, title and interest in and to such EIP Dealer Receivable and the Related Rights thereto for fair consideration and reasonably equivalent value, free and clear of any lien.  Upon the completion of the transfers from such Seller to the Purchaser or otherwise, the parties intend that (i) the Purchaser will be the legal owner of the Receivables (including the right to receive all payments due to or become due thereunder), (ii) the Purchaser will have good title to the Receivables, and (iii) the Receivables will be free and clear of all liens.
(r)Purchase in Good Faith. The Purchaser shall take its interest in the Receivables in good faith, for value, and without notice or knowledge of any adverse claims, liens, or encumbrances or any defense against payment of or claim to the Receivables on the part of any person.
(s)Information True and Correct. To the extent that information furnished hereunder is ultimately shared with and relied upon by the Owners, all such information and each exhibit, financial statement, document, book, record or report furnished at any time by or on behalf of such Seller to the Purchaser in connection with this Agreement is true, complete and accurate in all material respects as of its date or as of the date so furnished, and, as of such date, no such document contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements contained therein, in the light of the circumstances under which they were made, not misleading.
(t)Place of Business. The principal place of business and chief executive office of such Seller and the office where such Seller keeps its records concerning the Receivables are located at the address identified in Section 6.02 hereof.
Section 3.02Receivable Representations and Warranties.
The representations and warranties set forth in Section 3.2 of the Receivables Purchase Agreement are true and correct as of the Purchase Date with respect to the Receivables of the applicable Seller being conveyed to T-Mobile Funding by the Purchaser on such date.
Section 3.03No Adverse Selection.
No selection procedures believed by the Purchaser to be materially adverse to the interests of the Administrative Agent, any Funding Agent or any Owner have been used in selecting Receivables for purchase from the Sellers hereunder.
ARTICLE 4
PERFECTION OF TRANSFER AND PROTECTION OF SECURITY INTERESTS
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Section 4.01Filing. On or prior to the November 2021 Amendment Closing Date, each Seller shall confirm that all appropriate UCC financing statement(s) required or contemplated hereunder have been filed with respect to it in the relevant provisions of the Related Documents and from time to time such Seller shall take or cause to be taken such actions and execute such documents as are necessary or desirable or as the Purchaser (or the Administrative Agent (for the benefit of the Owners)) may reasonably request to perfect, maintain and protect any such party’s interest herein and in the Receivables and Related Rights against all other Persons, including, without limitation, the timely filing of financing statements, amendments thereto and continuation statements, the execution of transfer instruments and the making of notations on or taking possession of all records or documents of title.
Section 4.02Name Change or Relocation.
(a)Until the date on which the Receivables Purchase Agreement is no longer in effect, no Seller will change its name, identity, structure or jurisdiction of organization, without first giving at least thirty (30) days’ prior written notice to the Servicer and the Administrative Agent.
(b)If any change in a Seller’s name, type of organization or organizational jurisdiction or other action would make any financing or continuation statement or notice of ownership interest or lien filed in connection with any Related Documents or any EIP Dealer Agreements, as applicable, seriously misleading within the meaning of applicable provisions of the UCC or any title statute, or would otherwise impair the perfection of any lien contemplated hereunder or under any other Related Document or any EIP Dealer Agreement, as applicable, such Seller, no later than thirty (30) days after the effective date of such change, shall file such amendments as may be required to preserve and protect the Purchaser’s and T-Mobile Funding’s (and the Administrative Agent’s (for the benefit of the Owners)) interests herein and in the related Receivables and Related Rights and Collections associated therewith. In addition, no Seller shall change its organizational jurisdiction for which financing statements have been filed in accordance with the Related Documents or any EIP Dealer Agreement, as applicable, unless it has first taken such action as is necessary to preserve and protect the Purchaser’s and T-Mobile Funding’s (and the Administrative Agent’s (for the benefit of the Owners)) interest in the Receivables and Related Rights.
Section 4.03Sale Treatment. Each Seller and the Purchaser shall treat each conveyance of Receivables and Related Rights made hereunder to the Purchaser for all purposes (including financial accounting) as a sale and purchase, and in all events as a conveyance of ownership, on all of its relevant books, records, financial statements and other applicable documents. Notwithstanding anything to the contrary stated herein, each Seller and the Purchaser hereby agree that, except as otherwise required by applicable law, the conveyance of the Receivables and Related Rights made hereunder shall be treated as a loan by the Purchaser to such Sellers of the proceeds of such conveyance for U.S. federal income tax purposes and state or local income tax and transactional tax purposes.
Section 4.04Separateness from T-Mobile Funding. Each Seller is, and all times since its organization has been operated in such a manner that it would not be substantively consolidated with T-Mobile Funding and such that the separate existence of T-Mobile Funding would not be disregarded in the event of a bankruptcy or insolvency of such Seller.
ARTICLE 5
COVENANTS
Section 5.01Compliance with Law. Each Seller will comply in all material respects with all applicable laws, rules, regulations and orders and preserve and maintain its existence, 
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rights, franchises, qualifications, and privileges except to the extent that the failure so to comply with such laws, rules and regulations or the failure so to preserve and maintain such existence, rights, franchises, qualifications and privileges would not materially adversely affect the collectability of the Receivables or the ability of such Seller to perform its obligations under the Related Documents or any EIP Dealer Agreement, as applicable, in all material respects.
Section 5.02Performance of Credit Agreements. Each Seller will timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Credit Agreements related to the Receivables (including, with respect to each EIP Dealer Receivable, the related EIP Dealer Contract), and timely and fully comply in all material respects with the Credit and Collection Policy in regard to each Receivable and the related Credit Agreement.
Section 5.03No Adverse Claims. No Seller will sell, pledge, assign (by operation of law or otherwise) or transfer to any other Person, or otherwise dispose of, or grant, create, incur, assume or suffer to exist any Lien (arising through or under such Seller) upon or with respect to, any Receivable and Related Rights or any interest therein, or assign any right to receive income in respect thereof, or take any other action inconsistent with the Purchaser’s ownership of, the Purchased Assets, except to the extent arising under any Related Document or any EIP Dealer Agreement, and no Seller shall claim any ownership interest in any Receivable and Related Rights, and each Seller shall defend the right, title and interest of the Purchaser in, to and under the Receivables and Related Rights against all claims of third parties claiming through or under such Seller.  No Seller shall grant to any Person other than the Purchaser (and the Administrative Agent (for the benefit of the Owners)) a security interest in (A) Collections prior to the time they are deposited in the Collection Account or distributed pursuant to Section 2.8 of the Receivables Purchase Agreement, or (B) Collections held in the Collection Account or the Collection Account itself.
Section 5.04Modification of Receivables. Except as provided in Section 3.7(u) and Section 6.5(c) of the Receivables Purchase Agreement, no Seller will (i) extend the maturity or adjust the Receivable Balance or otherwise modify the terms of any Receivable in a manner that would result in the Dilution of such Receivable or that would otherwise prevent such Receivable from being an Eligible Receivable unless, in each case, such Seller shall have been deemed to have received a Collection in respect of such Receivable, or (ii) amend, modify or waive in any material respect any term or condition relating to payments under or enforcement of any Credit Agreement related thereto.
Section 5.05Payment Instructions. Each Seller will instruct all Obligors to make payments with respect to the Receivables to a Payment Account and will not make or permit any change in the instructions to Obligors regarding payments to be made to a Payment Account, other than a change related solely to instructions to Obligors to pay to a new Payment Account which has been identified in writing to the Purchaser (and the Administrative Agent).
Section 5.06Marking of Records. At its expense, each Seller will maintain records evidencing Receivables and related Credit Agreements with a legend evidencing that such Receivables and related Credit Agreements have been sold in accordance with this Agreement.
Section 5.07Sales Tax. Each Seller will pay all sales, excise or other taxes with respect to the Receivables originated by it to the applicable taxing authority when due, and will, upon the request of the Administrative Agent (on behalf of the Owners), provide the Administrative Agent with evidence of such payment.
Section 5.08Obligations of Sellers. Except as otherwise expressly provided herein, the obligations of the Sellers to make the deposits and other payments contemplated by this 
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Agreement are absolute and unconditional and all payments to be made by any Seller under or in connection with this Agreement shall be made free and clear of, and each Seller hereby irrevocably and unconditionally waives all rights of, any counterclaim, set-off, deduction or other analogous rights or defenses, in connection with such obligations, which it may have against the Purchaser (or the Administrative Agent (for the benefit of the Owners)). All stamp, documentary, registration or similar duties or taxes, including withholding taxes and any penalties, additions, fines, surcharges or interest relating thereto, which are imposed or chargeable in connection with this Agreement shall be paid by the Sellers; provided that the Purchaser (or the Administrative Agent (for the benefit of the Owners)) shall be entitled but not obliged to pay any such duties or taxes whereupon the Sellers shall on demand indemnify such party against those duties or taxes and against any costs and expenses so incurred by it in discharging them.
Section 5.09Books of Account. At all times, each Seller and the Purchaser will maintain books of account, with the particulars of all monies, goods and effects belonging to or owing to such Seller or the Purchaser or paid, received, sold or purchased in the course of such Seller’s or the Purchaser’s business, and of all such other transactions, matters and things relating to the business of such Seller or the Purchaser.
Section 5.10Corporate Existence; Merger or Consolidation.
(a)Except as otherwise provided in this Section 5.10, each Seller will keep in full force and effect its existence, rights and franchises as a corporation or a limited liability company (as applicable) under the laws of its jurisdiction of incorporation or formation, and each Seller will obtain and preserve its qualification to do business as a foreign corporation or a foreign limited liability company (as applicable) in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, any Related Documents, any EIP Dealer Agreement and any of the Receivables and Related Rights which have been conveyed under a Related Document or any EIP Dealer Agreement, and to perform its duties under this Agreement.
(b)Any Person into which a Seller may be merged or consolidated, or any corporation resulting from such merger or consolidation to which such Seller is a party, or any Person succeeding to the business of such Seller, shall be successor to such Seller hereunder, without execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.
Section 5.11Separate Existence.
(a)Each of the Sellers and the Purchaser shall hold itself out to the public as a legal entity separate and distinct from any other person and conduct its business solely in its own name in order not (i) to mislead others as to the identity with which such other party is transacting business, or (ii) to suggest that it is responsible for the debts of any third party (including any of its affiliates).
(b)Each of the Sellers and the Purchaser will take no action with respect to Purchaser or its assets that is inconsistent with statements made in clause (a).
ARTICLE 6
MISCELLANEOUS
Section 6.01Amendment. This Agreement may be amended in writing from time to time by the Sellers and the Purchaser.
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Section 6.02Notices. All notices, demands, certificates, requests and communications hereunder (“Notices”) shall be in writing and shall be effective (a) upon receipt when sent through the U.S. mails, registered or certified mail, return receipt requested, postage prepaid, with such receipt to be effective the date of delivery indicated on the return receipt, or (b) one Business Day after delivery to an overnight courier (specifying one (1) Business Day’s delivery), or (c) on the date personally delivered to an authorized officer of the party to which sent, or (d) on the date transmitted by legible telefax transmission with a confirmation of receipt, in all cases addressed to the recipient as follows:
(i)If to a Seller:
c/o T-Mobile USA, Inc.
12920 S.E. 38th Street 
Bellevue, WA 98006 
Attn: Vice President of Treasury 
Facsimile: (425) 383-4840

With a Copy to:

T-Mobile USA, Inc.  
12920 SE 38th Street  
Bellevue, WA 98006  
Attn: General Counsel

(ii)If to the Purchaser/Servicer:
T-Mobile Financial LLC
12920 SE 38th Street
Bellevue, WA 98006
Facsimile: (425) 383-4840
Attention: Johannes Thorsteinsson

With a copy to:
T-Mobile Financial LLC
12920 SE 38th Street
Bellevue, WA 98006
Facsimile: (425) 383-4840
Attention: General Counsel

With a Copy to:

Mayer Brown LLP
1221 Avenue of the Americas 
New York, NY 10020
Facsimile: (212) 849-5608
Attention: Sagi Tamir

Each party hereto may, by Notice given in accordance herewith to each of the other parties hereto, designate any further or different address to which subsequent notices shall be sent.
Section 6.03Delivery of Collections. Each of the Sellers agree to pay to the Servicer promptly any misdirected Collections received in respect of the Receivables, for application in accordance with Section 2.8 of the Receivables Purchase Agreement.
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Section 6.04Merger and Integration. Except as specifically stated otherwise herein, this Agreement sets forth the entire understanding of the parties relating to the subject matter hereof, and all prior understandings, written or oral, with respect to the subject matter hereof are superseded by this Agreement. This Agreement may not be modified, amended, waived, or supplemented except as provided herein.
Section 6.05Headings. The headings herein are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof.
Section 6.06Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the internal laws of the State of New York.
Section 6.07No Bankruptcy Petition; Subordination. The parties hereto covenant and agree that, prior to the date that is two (2) years and one (1) day after the payment in full of all amounts owing to the Owners pursuant to the terms of the Receivables Purchase Agreement in respect of all outstanding payment obligations, it will not institute against, or solicit or join in or cooperate with or encourage any Person to institute against, T-Mobile Funding any bankruptcy, reorganization, arrangements, insolvency or liquidation proceedings or other similar proceedings under the laws of the United States or any state of the United States. Each Seller further covenants and agrees that (a)(i) any rights that it may have in any Receivables and Related Rights and (ii) any rights it may have to apply monies received under any Receivables and Related Rights, are and shall be subordinate, to the fullest extent permitted by law, to the security interests and other liens or interests of, or created in favor of any third party by, the Purchaser, T-Mobile Funding or the Administrative Agent (for the benefit of the Owners), in or to the Receivables and Related Rights, notwithstanding the terms (including the description of collateral), dating, execution, or delivery of any document, instrument, or agreement; the time, order, method, or manner of granting, or perfection of or failure to perfect, any such security interest or lien or other interest; the time of filing or recording of any financing statements, assignments, deeds of trust, mortgages, or any other documents, instruments or agreements under the UCC or any other applicable law; and any provision of the UCC or any other applicable law to the contrary, and (b) it shall not enforce or collect, or seek or cause the enforcement or collection of, any of its rights or remedies with respect to any of the Receivables and Related Rights (including, without limitation, any rights described in clause (a) of this sentence) at any time prior to the indefeasible payment and satisfaction in full of all indebtedness, obligations and liabilities of the Purchaser or T-Mobile Funding which, under the terms of the relevant documents relating to the securitization of the Receivables and Related Rights, are entitled to be paid from, entitled to the benefits of, or otherwise secured by, such Receivables and Related Rights. This Section 6.07 will survive the termination of this Agreement.
Section 6.08Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall for any reason whatsoever be held invalid or unenforceable, then such covenants, agreement, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement.
Section 6.09No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Purchaser (or any assignee thereof) or any Seller, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exhaustive (except to the extent specifically provided herein) of any other rights, remedies, powers or privileges provided by law.
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Section 6.10Counterparts. This Agreement may be executed in two or more counterparts including by telefax or electronic imaging transmission thereof (and by different parties on separate counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument.
Section 6.11Other Agreements. The parties hereto agree that, to the extent the parties enter into other agreements relating to the transactions contemplated hereby, the terms and conditions of this Agreement, the other Related Documents and, separately with respect to each Seller, any applicable EIP Dealer Agreement shall govern any provisions herein or therein which may be inconsistent with any provisions of the other agreements.
Section 6.12JURISDICTION. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY AGREES TO THE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND ANY APPELLATE COURT HAVING JURISDICTION TO REVIEW THE JUDGMENTS THEREOF. EACH OF THE PARTIES HEREBY WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS AND ANY OBJECTION TO VENUE OF ANY ACTION INSTITUTED HEREUNDER IN ANY OF THE AFOREMENTIONED COURTS.
Section 6.13WAIVER OF JURY TRIAL. EACH PARTY TO THIS AGREEMENT WAIVES ITS RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS AGREEMENT, ANY OTHER RELATED DOCUMENT, ANY EIP DEALER AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE PARTIES AGAINST ANY OTHER PARTY, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR OTHERWISE.  THE PARTIES HERETO EACH AGREE THAT ANY SUCH CLAIM OR CAUSE OF ACTION SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY.  WITHOUT LIMITING THE FOREGOING, EACH OF THE PARTIES HERETO FURTHER AGREES THAT ITS RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OF THIS AGREEMENT, ANY RELATED DOCUMENT, ANY EIP DEALER AGREEMENT OR ANY PROVISION HEREOF OR THEREOF. THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, AMENDMENTS AND RESTATEMENTS, OR MODIFICATIONS TO THIS AGREEMENT, ANY OTHER RELATED DOCUMENT OR ANY EIP DEALER AGREEMENT.
Section 6.14Right of First Refusal. To the extent that T-Mobile Funding has elected to trigger T-Mobile Funding’s right of first refusal to repurchase Receivables from the Administrative Agent under the Receivables Purchase Agreement (pursuant to Section 9.17 thereof), one (or more) of the Sellers shall have a right of first refusal to repurchase such Receivables at the same price (and in the same manner) as set forth with respect to T-Mobile Funding’s right of first refusal pursuant to Section 9.17 of the Receivables Purchase Agreement.
Section 6.15Electronic Execution. The words “execution,” “signed,” “signature,” and words of like import in this Agreement shall be deemed to include electronic signatures or electronic records, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

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[signature page follows]
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized as of the date written above.

T-MOBILE FINANCIAL LLC, 
as the Purchaser

By: /s/ Johannes Thorsteinsson
Printed Name: Johannes Thorsteinsson 
Title: Assistant Treasurer   

SPRINT SPECTRUM LLC, as a Seller

By: /s/ Johannes Thorsteinsson
Printed Name: Johannes Thorsteinsson 
Title: Assistant Treasurer   

SPRINTCOM, INC., as a Seller

By: /s/ Johannes Thorsteinsson
Printed Name: Johannes Thorsteinsson 
Title: Assistant Treasurer   

    Signature Page to Receivables Sale and Conveyancing Agreement

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