Document:

<PAGE>

                                                                    EXHIBIT 10.2

CERTAIN MATERIAL (INDICATED BY AN ASTERISK) HAS BEEN OMITTED FROM THIS DOCUMENT
PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. THE OMITTED MATERIAL HAS BEEN
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

                        LEAP WIRELESS INTERNATIONAL, INC.

                       2004 STOCK OPTION, RESTRICTED STOCK
                          AND DEFERRED STOCK UNIT PLAN

                   STOCK OPTION GRANT NOTICE AND NON-QUALIFIED
                             STOCK OPTION AGREEMENT

         Leap Wireless International, Inc. (the "COMPANY"), pursuant to its 2004
Stock Option, Restricted Stock and Deferred Stock Unit Plan (the "PLAN"), hereby
grants to the holder listed below ("HOLDER"), an option to purchase the number
of shares of the Company's Common Stock set forth below (the "OPTION"). This
Option is subject to all of the terms and conditions as set forth herein and in
the Non-Qualified Stock Option Agreement attached hereto as Exhibit A (the
"STOCK OPTION AGREEMENT") and the Plan, each of which are incorporated herein by
reference. Unless otherwise defined herein, the terms defined in the Plan shall
have the same defined meanings in this Grant Notice and the Stock Option
Agreement.

HOLDER:

GRANT DATE:                             _________________

EXERCISE PRICE PER SHARE:               $___________ per share

TOTAL NUMBER OF SHARES SUBJECT TO THE
OPTION:                                 [_____]

EXPIRATION DATE:                        __________________

TYPE OF OPTION:   This Option is a Non-Qualified Stock Option and is not an
                  incentive stock option within the meaning of Section 422 of
                  the Code.

VESTING SCHEDULE: The shares of Common Stock subject to the Option (rounded down
                  to the next whole number of shares) shall vest and become
                  exercisable on the dates and in the percentages indicated in
                  Exhibit B to this Grant Notice.

         By his or her signature and the Company's signature below, Holder
agrees to be bound by the terms and conditions of the Plan, the Stock Option
Agreement and this Grant Notice. Holder has reviewed the Stock Option Agreement,
the Plan and this Grant Notice in their entirety, has had an opportunity to
obtain the advice of counsel prior to executing this Grant Notice and fully
understands all provisions of this Grant Notice, the Stock Option Agreement and
the Plan. Holder hereby agrees to accept as binding, conclusive and final all
decisions or interpretations of the Administrator of the Plan upon any questions
arising under the Plan or the Option.

LEAP WIRELESS INTERNATIONAL, INC.           HOLDER:

By: ___________________________________     By: ________________________________
Print Name: ___________________________     Print Name:
Title: ________________________________     Title: _____________________________
Address: 10307 Pacific Center Court         Address: ___________________________
         San Diego, California 92121                 ___________________________

                                      -1-
<PAGE>

                                    EXHIBIT A

                          TO STOCK OPTION GRANT NOTICE

                      NON-QUALIFIED STOCK OPTION AGREEMENT

         Pursuant to the Stock Option Grant Notice ("GRANT NOTICE") to which
this Non-Qualified Stock Option Agreement (this "AGREEMENT") is attached, Leap
Wireless International, Inc. (the "COMPANY") has granted to Holder an option
under the Company's 2004 Stock Option, Restricted Stock and Deferred Stock Unit
Plan (the "PLAN") to purchase the number of shares of Common Stock indicated in
the Grant Notice.

                                    ARTICLE I

                                     GENERAL

         1.1 Defined Terms. Capitalized terms not specifically defined herein
shall have the meanings specified in the Plan and the Grant Notice.

         1.2 Incorporation of Terms of Plan. The Option is subject to the terms
and conditions of the Plan which are incorporated herein by reference.

                                   ARTICLE II

                                 GRANT OF OPTION

         2.1 Grant of Option. In consideration of Holder's past and/or continued
employment with or service to the Company or its Subsidiaries and for other good
and valuable consideration, effective as of the Grant Date set forth in the
Grant Notice (the "GRANT DATE"), the Company irrevocably grants to Holder the
Option to purchase any part or all of an aggregate of the number of shares of
Common Stock set forth in the Grant Notice, upon the terms and conditions set
forth in the Plan and this Agreement. The Option shall be a Non-Qualified Stock
Option and shall not be an incentive stock option within the meaning of Section
422 of the Code.

         2.2 Purchase Price. The purchase price of the shares of Common Stock
subject to the Option shall be as set forth in the Grant Notice, without
commission or other charge.

                                   ARTICLE III

                            PERIOD OF EXERCISABILITY

         3.1 Commencement of Exercisability.

                  (a) Subject to Sections 3.3 and 5.8, the Option shall become
vested and exercisable in such amounts and at such times as are set forth in
Exhibit B to the Grant Notice.

                  (b) No portion of the Option which has not become vested and
exercisable at Termination of Employment, Termination of Directorship or
Termination of Consultancy, as

                                      -1-
<PAGE>

applicable, shall thereafter become vested and exercisable, except as may be
otherwise provided by the Administrator or as set forth in a written agreement
between the Company and Holder.

         3.2 Duration of Exercisability. The installments provided for in the
vesting schedule set forth in Exhibit B to the Grant Notice are cumulative. Each
such installment which becomes vested and exercisable pursuant to the vesting
schedule set forth in Exhibit B to the Grant Notice shall remain vested and
exercisable until it becomes unexercisable under Section 3.3.

         3.3 Expiration of Option.

                  (a) The Option may not be exercised to any extent by anyone
after the first to occur of the following events:

                           (i) The expiration of ten (10) years from the Grant
Date; or

                           (ii) The expiration of ninety (90) days following the
date of Holder's Termination of Employment, Termination of Directorship or
Termination of Consultancy, as applicable, unless such termination occurs by
reason of Holder's death or Disability (as defined below) or the Holder's
termination by the Company for Cause (as defined in Exhibit B hereto);

                           (iii) The expiration of one (1) year following the
date of Holder's Termination of Employment, Termination of Directorship or
Termination of Consultancy, as applicable, by reason of Holder's death or
Disability; or

                           (iv) The date of Termination of Employment,
Termination of the Directorship, or Termination of Consultancy for Cause (as
defined in Exhibit B hereto).

                  (b) For purposes of this Agreement, "Disability" means
permanent and total disability within the meaning of Section 22(e)(3) of the
Code.

                                   ARTICLE IV

                               EXERCISE OF OPTION

         4.1 Person Eligible to Exercise. Except as provided in Sections 5.2(b)
and 5.2(c), during the lifetime of Holder, only Holder may exercise the Option
or any portion thereof. After the death of Holder, any exercisable portion of
the Option may, prior to the time when the Option becomes unexercisable under
Section 3.3, be exercised by Holder's personal representative or by any person
empowered to do so under the deceased Holder's will or under the then applicable
laws of descent and distribution.

         4.2 Partial Exercise. Any exercisable portion of the Option or the
entire Option, if then wholly exercisable, may be exercised in whole or in part
at any time prior to the time when the Option or portion thereof becomes
unexercisable under Section 3.3.

         4.3 Manner of Exercise. The Option, or any exercisable portion thereof,
may be exercised solely by delivery to the Secretary of the Company or the
Secretary's office of all

<PAGE>

of the following prior to the time when the Option or such portion thereof
becomes unexercisable under Section 3.3:

                  (a) An Exercise Notice in writing signed by Holder or any
other person then entitled to exercise the Option or portion thereof, stating
that the Option or portion thereof is thereby exercised, such notice complying
with all applicable rules established by the Administrator. Such notice shall be
substantially in the form attached as Exhibit C to the Grant Notice (or such
other form as is prescribed by the Administrator); and

                  (b) Subject to Section 6.2(d) of the Plan:

                           (i) Full payment (in cash or by check) for the shares
with respect to which the Option or portion thereof is exercised; or

                           (ii) With the consent of the Administrator, such
payment may be made, in whole or in part, through the delivery of shares of
Common Stock which have been owned by Holder for at least six (6) months, duly
endorsed for transfer to the Company with a Fair Market Value on the date of
delivery equal to the aggregate exercise price of the Option or exercised
portion thereof; or

                           (iii) To the extent permitted under applicable laws,
through the delivery of a notice that Holder has placed a market sell order with
a broker with respect to shares of Common Stock then issuable upon exercise of
the Option, and that the broker has been directed to pay a sufficient portion of
the net proceeds of the sale to the Company in satisfaction of the Option
exercise price, provided, that payment of such proceeds is made to the Company
upon settlement of such sale; or

                           (iv) With the consent of the Administrator, any
combination of the consideration provided in the foregoing paragraphs (i), (ii)
and (iii); and

                  (c) A bona fide written representation and agreement, in such
form as is prescribed by the Administrator, signed by Holder or the other person
then entitled to exercise such Option or portion thereof, stating that the
shares of Common Stock are being acquired for Holder's own account, for
investment and without any present intention of distributing or reselling said
shares or any of them except as may be permitted under the Securities Act and
then applicable rules and regulations thereunder, and that Holder or other
person then entitled to exercise such Option or portion thereof will indemnify
the Company against and hold it free and harmless from any loss, damage, expense
or liability resulting to the Company if any sale or distribution of the shares
by such person is contrary to the representation and agreement referred to
above. The Administrator may, in its absolute discretion, take whatever
additional actions it deems appropriate to ensure the observance and performance
of such representation and agreement and to effect compliance with the
Securities Act and any other federal or state securities laws or regulations.
Without limiting the generality of the foregoing, the Administrator may require
an opinion of counsel acceptable to it to the effect that any subsequent
transfer of shares acquired on an Option exercise does not violate the
Securities Act, and may issue stop-transfer orders covering such shares. Share
certificates evidencing Common Stock issued on exercise of the Option shall bear
an appropriate legend referring to the
<PAGE>

provisions of this subsection (c) and the agreements herein. The written
representation and agreement referred to in the first sentence of this
subsection (c) shall, however, not be required if the shares to be issued
pursuant to such exercise have been registered under the Securities Act, and
such registration is then effective in respect of such shares; and

                  (d) The receipt by the Company of full payment for such
shares, including payment of any applicable withholding tax, which in the
discretion of the Administrator may be in the form of consideration used by
Holder to pay for such shares under Section 4.3(b), subject to Section 10.4 of
the Plan; and

                  (e) In the event the Option or portion thereof shall be
exercised pursuant to Section 4.1 by any person or persons other than Holder,
appropriate proof of the right of such person or persons to exercise the Option.

         4.4 Conditions to Issuance of Stock Certificates. The shares of Common
Stock deliverable upon the exercise of the Option, or any portion thereof, may
be either previously authorized but unissued shares or issued shares which have
then been reacquired by the Company. Such shares shall be fully paid and
nonassessable. The Company shall not be required to issue or deliver any shares
of Common Stock purchased upon the exercise of the Option or portion thereof
prior to fulfillment of all of the following conditions:

                  (a) The admission of such shares to listing on all stock
exchanges on which such Common Stock is then listed; and

                  (b) The completion of any registration or other qualification
of such shares under any state or federal law or under rulings or regulations of
the Securities and Exchange Commission or of any other governmental regulatory
body, which the Administrator shall, in its absolute discretion, deem necessary
or advisable; and

                  (c) The obtaining of any approval or other clearance from any
state or federal governmental agency which the Administrator shall, in its
absolute discretion, determine to be necessary or advisable; and

                  (d) The lapse of such reasonable period of time following the
exercise of the Option as the Administrator may from time to time establish for
reasons of administrative convenience; and

                  (e) The receipt by the Company of full payment for such
shares, including payment of any applicable withholding tax, which in the
discretion of the Administrator may be in the form of consideration used by the
Holder to pay for such shares under Section 4.3(b), subject to Section 10.4 of
the Plan.

         4.5 Rights as Stockholder. Holder of the Option shall not be, nor have
any of the rights or privileges of, a stockholder of the Company in respect of
any shares purchasable upon the exercise of any part of the Option unless and
until such shares shall have been issued by the Company to such holder.

<PAGE>

                                    ARTICLE V

                                OTHER PROVISIONS

         5.1 Administration. The Administrator shall have the power to interpret
the Plan and this Agreement and to adopt such rules for the administration,
interpretation and application of the Plan as are consistent therewith and to
interpret, amend or revoke any such rules. All actions taken and all
interpretations and determinations made by the Administrator in good faith shall
be final and binding upon Holder, the Company and all other interested persons.
No member of the Administrator shall be personally liable for any action,
determination or interpretation made in good faith with respect to the Plan,
this Agreement or the Option. In its absolute discretion, the Board may at any
time and from time to time exercise any and all rights and duties of the
Administrator under the Plan and this Agreement.

         5.2 Option Not Transferable.

                  (a) Subject to Section 5.2(b), the Option may not be sold,
pledged, assigned or transferred in any manner other than by will or the laws of
descent and distribution or, subject to the consent of the Administrator,
pursuant to a DRO, unless and until the shares underlying the Option have been
issued, and all restrictions applicable to such shares have lapsed. Neither the
Option nor any interest or right therein shall be liable for the debts,
contracts or engagements of Holder or his or her successors in interest or shall
be subject to disposition by transfer, alienation, anticipation, pledge,
encumbrance, assignment or any other means whether such disposition be voluntary
or involuntary or by operation of law by judgment, levy, attachment, garnishment
or any other legal or equitable proceedings (including bankruptcy), and any
attempted disposition thereof shall be null and void and of no effect, except to
the extent that such disposition is permitted by the preceding sentence.

                  (b) Notwithstanding any other provision in this Agreement,
with the consent of the Administrator and to the extent the Option is not
intended to qualify as an Incentive Stock Option, the Option may be transferred
to one or more Permitted Transferees, subject to the terms and conditions set
forth in Section 10.1 of the Plan.

                  (c) Unless transferred to a Permitted Transferee in accordance
with Section 5.2(b), during the lifetime of Holder, only Holder may exercise the
Option or any portion thereof unless it has been disposed of pursuant to a DRO.
After the death of Holder, any exercisable portion of the Option may, prior to
the time when the Option becomes unexercisable under Section 3.3, be exercised
by Holder's personal representative or by any person empowered to do so under
the deceased Holder's will or under the then applicable laws of descent and
distribution.

         5.3 Restrictive Legends and Stop-Transfer Orders.

                  (a) The share certificate or certificates evidencing the
shares of Common Stock purchased hereunder shall be endorsed with any legends
that may be required by state or federal securities laws.

                  (b) Holder agrees that, in order to ensure compliance with the
restrictions referred to herein, the Company may issue appropriate "stop
transfer" instructions to its transfer
<PAGE>

agent, if any, and that, if the Company transfers its own securities, it may
make appropriate notations to the same effect in its own records.

                  (c) The Company shall not be required: (i) to transfer on its
books any shares of Common Stock that have been sold or otherwise transferred in
violation of any of the provisions of this Agreement, or (ii) to treat as owner
of such shares of Common Stock or to accord the right to vote or pay dividends
to any purchaser or other transferee to whom such shares shall have been so
transferred.

         5.4 Shares to Be Reserved. The Company shall at all times during the
term of the Option reserve and keep available such number of shares of Common
Stock as will be sufficient to satisfy the requirements of this Agreement.

         5.5 Notices. Any notice to be given under the terms of this Agreement
to the Company shall be addressed to the Company in care of the Secretary of the
Company, and any notice to be given to Holder shall be addressed to Holder at
the address given beneath Holder's signature on the Grant Notice. By a notice
given pursuant to this Section 5.5, either party may hereafter designate a
different address for notices to be given to that party. Any notice which is
required to be given to Holder shall, if Holder is then deceased, be given to
the person entitled to exercise his or her Option pursuant to Section 4.1 by
written notice under this Section 5.5. Any notice shall be deemed duly given
when sent via email or when sent by certified mail (return receipt requested)
and deposited (with postage prepaid) in a post office or branch post office
regularly maintained by the United States Postal Service.

         5.6 Titles. Titles are provided herein for convenience only and are not
to serve as a basis for interpretation or construction of this Agreement.

         5.7 Governing Law; Severability. This Agreement shall be administered,
interpreted and enforced under the laws of the State of Delaware without regard
to conflicts of laws thereof. Should any provision of this Agreement be
determined by a court of law to be illegal or unenforceable, the other
provisions shall nevertheless remain effective and shall remain enforceable.

         5.8 Conformity to Securities Laws. Holder acknowledges that the Plan is
intended to conform to the extent necessary with all provisions of the
Securities Act and the Exchange Act and any and all regulations and rules
promulgated by the Securities and Exchange Commission thereunder, and state
securities laws and regulations. Notwithstanding anything herein to the
contrary, the Plan shall be administered, and the Option is granted and may be
exercised, only in such a manner as to conform to such laws, rules and
regulations. To the extent permitted by applicable law, the Plan and this
Agreement shall be deemed amended to the extent necessary to conform to such
laws, rules and regulations.

         5.9 Amendments. This Agreement may not be modified, amended or
terminated except by an instrument in writing, signed by Holder or such other
person as may be permitted to exercise the Option pursuant to Section 4.1 and by
a duly authorized representative of the Company.

<PAGE>

         5.10 No Employment Rights. If Holder is an Employee, nothing in the
Plan or this Agreement shall confer upon Holder any right to continue in the
employ of the Company or any Subsidiary or shall interfere with or restrict in
any way the rights of the Company and its Subsidiaries, which are expressly
reserved, to discharge Holder at any time for any reason whatsoever, with or
without cause, except to the extent expressly provided otherwise in a written
agreement between the Company and Holder.

         5.11 Successors and Assigns. The Company may assign any of its rights
under this Agreement to single or multiple assignees, and this Agreement shall
inure to the benefit of the successors and assigns of the Company. Subject to
the restrictions on transfer herein set forth, this Agreement shall be binding
upon Holder and his or her heirs, executors, administrators, successors and
assigns.

<PAGE>

                                    EXHIBIT B

                          TO STOCK OPTION GRANT NOTICE

                      VESTING AND EXERCISABILITY PROVISIONS

         Capitalized terms used in this Exhibit B and not defined below shall
have the meanings given them in the Grant Notice and the Stock Option Agreement.

         1. Time-Based Vesting. Subject to any accelerated vesting and
exercisability pursuant to paragraphs 2 and 3 below, the shares of Common Stock
subject to the Option shall vest and become exercisable in their entirety on the
third anniversary of the Grant Date, if Holder is an Employee, Director or
Consultant on that date.

         2. Performance-Based Accelerated Vesting. If the Company's EBITDA (as
defined below) and the Company's Net Adds (as defined below) both equal or
exceed the respective Achievement Threshold amounts for 2005 as set forth in
paragraph (a) below and/or both equal or exceed the Achievement Threshold
amounts for 2006 as set forth in paragraph (b) below, then a certain percentage
of the number of shares of Common Stock subject to the Option shall vest and
become exercisable in accordance with the provisions of paragraphs (a) and (b)
below; provided, however, that no shares subject to the Option shall vest and
become exercisable pursuant to paragraphs (a) or (b) below, if either the
Company's EBITDA or Net Adds do not at least equal the Achievement Threshold
amount for the applicable year.

            (a) Fiscal Year 2005. If the Company's EBITDA (as defined below) and
Net Adds (as defined below) for Fiscal Year 2005 equal or exceed the EBITDA and
Net Adds Achievement Thresholds (as set forth below), then the Option shall vest
and become exercisable as to that number of shares of Common Stock equal to the
number obtained by multiplying the percentage determined in accordance with the
following table, by the total number of shares of Common Stock subject to the
Option (as set forth in the Grant Notice).

                                      -1-
<PAGE>

                     2005 PERFORMANCE-BASED VESTING SCHEDULE

<TABLE>
<CAPTION>
                                                2005 Net Adds
                                    -------------------------------------
                                    Threshold      Target         Maximum
                                      [***]         [***]          [***]
                                    ---------      -------        -------
<S>                  <C>            <C>            <C>            <C>
     2005            Threshold          10%         12.5%            15%
                       [***]
   EBITDA
                      Target          12.5%           20%          22.5%
(in thousands)         [***]

                      Maximum           15%         22.5%            30%
                       [***]
</TABLE>

         The percentage for determining the number of shares of Common Stock
that shall vest and become exercisable if performance is between the Achievement
Threshold amount and the Achievement Target amount or between the Achievement
Target amount and the Achievement Maximum amount shall be determined by linear
interpolation between the applicable Achievement amounts for each measure in
accordance with the method described in Attachment B-1.

                  (b) Fiscal Year 2006. If the Company's EBITDA and Net Adds for
Fiscal Year 2006 equal or exceed the EBITDA and Net Adds Achievement Thresholds
(as set forth below), then the Option shall vest and become exercisable as to
that number of shares of Common Stock equal to the number obtained by
multiplying the percentage determined in accordance with the following table, by
the total number of shares of Common Stock subject to the Option (as set forth
in the Grant Notice).

<TABLE>
<CAPTION>
                                                 2006 Net Adds
                                    ----------------------------------------
                                    Threshold        Target          Maximum
                                      [***]           [***]           [***]
                                    ---------        ------          -------
<S>                   <C>           <C>              <C>             <C>
     2006             Threshold        10%            12.5%            15%
                       [***]
   EBITDA
                       Target        12.5%              20%          22.5%
(in thousands)          [***]

                       Maximum         15%            22.5%            30%
                        [***]
</TABLE>

*** Certain information on this page has been omitted and filed separately with
the Commission. Confidential treatment has been requested with respect to the
omitted portions.

<PAGE>

         The percentage for determining the number of shares of Common Stock
that shall vest and become exercisable if performance is between the Achievement
Threshold amount and the Achievement Target amount or between the Achievement
Target amount and the Achievement Maximum amount shall be determined by linear
interpolation between the applicable Achievement amounts for each measure in
accordance with the method described in Attachment B-1.

                  (c) Definition of EBITDA. For purposes of this Exhibit B, the
term "EBITDA" for a Fiscal Year means the Company's consolidated net income or
loss for such period before extraordinary items and before the cumulative effect
of any change in accounting principles plus (a) the following to the extent
deducted in calculating such consolidated net income or loss: (i) consolidated
interest expense, (ii) all income tax expense deducted in arriving at such
consolidated net income or loss, (iii) depreciation and amortization expense,
(iv) non-cash impairment of assets (tangible and intangible) and related
non-cash charges, (v) charges and expenses related to stock based compensation
awards, (vi) net non-cash reorganization expenses and charges, (vii) non-cash
dividends or other distributions made with respect to qualified preferred stock
as contemplated by the Credit Agreement negotiated among Holdings, Cricket
Communications Inc., the administrative agent identified therein and others
posted to IntraLinks on December 23, 2004 and (viii) other non-recurring
expenses reducing such consolidated net income or loss which do not represent a
cash item in such period or any future period (including losses attributable to
the sale of assets other than in the ordinary course of business) and minus (b)
the following to the extent included in calculating such consolidated net income
or loss: (i) income tax credits for such period, (ii) all gains arising in
relation to the sale of assets other than in the ordinary course of business and
(iii) all non-cash items increasing such consolidated net income or loss for
such period..

                  (d) Definition of Net Adds. For purposes of this Exhibit B,
the term "NET ADDS" means, with respect to any Fiscal Year, the Company's "end
of period customers" on the last day of such Fiscal Year less "end of period
customers" on the last day of the preceding Fiscal Year. If the Company adopts a
pre-paid card based service offering, the Administrator shall, in its
discretion, equitably adjust the Net Adds Achievement Levels set forth in
paragraphs (a) and (b) to reflect the Company's changed scope of operations.

                  (e) Adjustments for Future Changes in the Company's Business.
The EBITDA Achievement Levels and Net Adds Achievement Levels set forth in
paragraphs (a) and (b) are designed to be measured against the Company's
performance in its existing thirty-nine (39) markets. If the Company commences
operations in any new markets, or ceases to operate in any existing market, the
Administrator shall, in its discretion, equitably adjust the EBITDA Achievement
Levels and/or the Net Adds Achievement Levels to reflect the Company's changed
scope of operations.

                  (f) Accelerated Vesting Cumulative; Continued Service
Condition. The vesting and exercisability of the Option as to shares of Common
Stock under paragraphs 2(a) and 2(b) shall be cumulative. The Option shall vest
and become exercisable as to shares of Common Stock pursuant to this paragraph 2
if Holder is an Employee, Director or Consultant of the Company or any of its
Subsidiaries on the applicable Performance Vesting Effective Date.

<PAGE>

                  (g) Definition of Performance Vesting Effective Date. For
purposes of this Exhibit B, the term "PERFORMANCE VESTING EFFECTIVE DATE" means,
with respect to vesting and exercisability to occur upon the attainment of
EBITDA and Net Adds Achievement Levels for 2005 or 2006, as applicable, the date
of the public announcement by the Company of EBITDA or Net Adds, as applicable,
for the relevant Fiscal Year, but in no event shall the Company make such public
announcement later than the date on which the Company files its Form 10-K for
the relevant Fiscal Year.

                  (h) Definition of Fiscal Year. For purposes of this Exhibit B,
the term "FISCAL YEAR" means the Company's fiscal year ending December 31.

                  (i) Termination of Performance-Based Vesting. Notwithstanding
the foregoing provisions of this paragraph 2, the Option shall not vest and
become exercisable as to any additional shares of Common Stock pursuant to
performance-based accelerated vesting and exercisability under this paragraph 2
on or after the date of the occurrence of a Change in Control.

         3. Change in Control Accelerated Vesting.

                  (a) Change in Control prior to January 1, 2006. In the event
of a Change in Control prior to January 1, 2006, (i) if Holder is an Employee,
Director or Consultant immediately prior to such Change in Control, the Option
shall then vest and become exercisable as to a number of shares of Common Stock
equal to fifty percent (50%) of the number of then unvested shares of Common
Stock subject to the Option and (ii) if Holder is an Employee, Director or
Consultant on the first anniversary of the date of the occurrence of such Change
in Control, the Option shall then vest and become exercisable as to an
additional number of shares of Common Stock equal to fifty percent (50%) of the
number of then unvested shares of Common Stock subject to the Option, and (iii)
if Holder is an Employee, Director or Consultant on the second anniversary of
the date of the occurrence of such Change in Control, the Option shall then vest
and become exercisable as to the remaining unvested shares of Common Stock
subject to the Option.

                  (b) Change in Control during 2006. In the event of a Change in
Control during 2006, (i) if Holder is an Employee, Director or Consultant
immediately prior to such Change in Control, the Option shall then vest and
become exercisable as to a number of shares of Common Stock equal to
seventy-five percent (75%) of the number of then unvested shares of Common Stock
subject to the Option, and (ii) if Holder is an Employee, Director or Consultant
on the first anniversary of the date of the occurrence of such Change in
Control, the Option shall then vest and become exercisable as to the remaining
unvested shares of Common Stock subject to the Option.

                  (c) Change in Control on or after January 1 2007. In the event
of a Change in Control on or after January 1, 2007, if Holder is an Employee,
Director or Consultant immediately prior to such Change in Control, the Option
shall then vest and become exercisable as to a number of shares of Common Stock
equal to eighty-five percent (85%) of the number of then unvested shares of
Common Stock subject to the Option, and (ii) if Holder is an Employee, Director
or Consultant on the first anniversary of the date of the occurrence of such
Change in
<PAGE>

Control, the Option shall then vest and become exercisable as to any then
remaining unvested shares of Common Stock subject to the Option.

                  (d) Termination of Employment in the Event of a Change in
Control. In the event of a Change in Control, if the Holder has a Termination of
Employment by reason of discharge by the Company other than for Cause (as
defined below), or by reason of resignation by Holder for Good Reason (as
defined below), during the period commencing ninety (90) days prior to such
Change in Control and ending twelve (12) months after such Change in Control,
then (i) if the Change in Control occurs prior to January 1, 2006, twenty-five
percent (25)% of the number of then unvested shares of Common Stock subject to
the Option shall vest and become exercisable and (ii) if the change in Control
occurs on or after January 1, 2006, the remaining unvested shares of Common
Stock subject to the Option shall vest and become exercisable on the date of
Holder's Termination of Employment (or, if later, immediately prior to the date
of the occurrence of such Change in Control).

                  (e) Definitions of Cause and Good Reason. For purposes of this
Exhibit B, the terms "CAUSE" and "GOOD REASON" shall have the meanings given to
such terms in the Holder's employment agreement with the Company in effect on
the Grant Date and if the Holder does not have an employment agreement or
Holder's employment agreement does not include definitions of "Cause" and "Good
Reason", the terms shall be defined for purposes of this Exhibit B as follows:

                           (i) "CAUSE" shall mean termination of Holder's
         employment by the Company: (A) upon Holder's willful failure
         substantially to perform Holder's duties with the Company (or the
         Parent, any Subsidiary or any successor thereof) (other than any such
         failure resulting from Holder's incapacity due to physical or mental
         illness or any such actual or anticipated failure after Holder's
         issuance of a Notice of Termination (as defined below) for Good
         Reason), as reasonably determined by the Company, or, if Holder is then
         employed in a position as Senior Vice President of the Company or a
         more senior officer of the Company, by the Board of Directors of the
         Company after a written demand for substantial performance is delivered
         to Holder by the Company, or the Board of Directors of the Company, as
         the case may be, which demand specifically identifies the manner in
         which the Company or the Board of Directors of the Company, as the case
         may be, believes that Holder has not substantially performed such
         duties, provided that Holder shall have been given a reasonable period,
         not to exceed fifteen (15) days, in which to cure such failure
         (provided such failure is capable of being cured), (B) upon Holder's
         willful failure substantially to follow and comply with the specific
         and lawful directives of the Company or, if Holder is then employed in
         a position as a Senior Vice President of the Company or a more senior
         officer of the Company, by the Board of Directors of the Company (or
         the Board of Directors of the Parent) or duly adopted policies of the
         Company which are consistent with Holder's duties with the Company (or
         the Parent), as reasonably determined by the Company or, if Holder is
         then employed in a position as a Senior Vice President of the Company
         or a more senior office of the Company, by the Board of Directors of
         the Company (other than any such failure resulting from Holder's
         incapacity due to physical or mental illness or any such actual or
         anticipated failure after Holder's issuance of a Notice of Termination
         for Good Reason), after a written demand for substantial performance is
         delivered to Holder by the
<PAGE>

         Company or the Board of Directors of the Company, as the case may be,
         which demand specifically identifies the manner in which the Company or
         the Board of Directors of the Company, as the case may be, believes
         that Holder has not substantially performed such directives, provided
         that the Holder shall have been given a reasonable period not to exceed
         fifteen (15) days in which to cure such failure (provided such failure
         is capable of being cured), (C) upon Holder's commission of an act of
         fraud or dishonesty impacting or involving the Company (or the Parent,
         any Subsidiary or any successor thereof), (D) upon Holder's willful
         engagement in illegal conduct or gross misconduct affecting the
         Company, or (E) upon the Holder's being convicted of, or pleading nolo
         contendere to, the commission of a felony.

                           (ii) "GOOD REASON" shall mean, without Holder's
         express written consent, the occurrence of any of the following
         circumstances unless such circumstances are cured (provided such
         circumstances are capable of being cured) prior to the Date of
         Termination specified in the Notice of Termination given in respect
         thereof: (A) the continuous assignment to Holder of any duties
         materially inconsistent with Holder's positions with the Company (or
         the Parent, any Subsidiary or any successor thereof), a significant
         adverse alteration in the nature or status of Holder's responsibilities
         or the conditions of Holder's employment with the Company (or the
         Parent, any Subsidiary or any successor thereof), or any other action
         that results in a material diminution in Holder's position, authority,
         title, duties or responsibilities with the Company (or the Parent, any
         Subsidiary or any successor thereof); (B) reduction of Holder's annual
         base salary as in effect on the Grant Date or as the same may be
         increased from time to time thereafter; (C) the relocation of the
         Company's offices at which Holder is principally employed to a location
         more than sixty (60) miles from such location; (D) the Company's
         failure (or the failure of the Parent, any Subsidiary or any successor)
         to pay Holder any portion of Holder's current compensation; (E) the
         Company's failure (or the failure of the Parent, any Subsidiary or any
         successor) to continue in effect any material compensation or benefit
         plan in which Holder participates, unless an equitable arrangement
         (embodied in an ongoing substitute or alternative plan) has been made
         with respect to such plan, or the Company's failure to continue
         Holder's participation therein (or in such substitute or alternative
         plan) on the basis not materially less favorable, both in terms of the
         amount of benefits provided and the level of Holder's participation
         relative to other participants; (F) the Company's failure (or the
         failure of the Parent, any Subsidiary or any successor) to continue to
         provide Holder with benefits substantially similar in the aggregate to
         those enjoyed by Holder under any of the Company's life insurance,
         medical, health and accident, disability, pension, retirement, or other
         benefit plans in which Holder or Holder's eligible family members were
         participating immediately prior thereto, or the taking of any action by
         the Company (or the Parent, any Subsidiary or any successor thereof)
         which would directly or indirectly materially reduce any of such
         benefits; or (G) the continuation or repetition, after written notice
         of objection from Holder, of harassing or denigrating treatment of
         Holder by the Company, the Parent, any Subsidiary or any successor
         thereof inconsistent with Holder's position with the Company. Holder's
         right to terminate employment with the Company or the Parent,
         Subsidiary or any successor thereof pursuant to this subparagraph shall
         not be affected by Holder's incapacity due to physical or mental
         illness. Holder's continued employment with the Company or the

<PAGE>

         Parent, Subsidiary or any successor thereof shall not constitute
         consent to, or a waiver of rights with respect to, any circumstance
         constituting Good Reason thereunder.

                  (f) Condition to Accelerated Vesting and Exercisability. The
accelerated vesting and exercisability of shares of Common Stock subject to the
Option pursuant to subparagraph 3(d) shall be conditioned on the Holder's
delivery to the Company of an executed General Release and the Holder's
non-revocation of such General Release during the time period for such
revocation set forth therein.

         4. Limit on Vesting. In no event will the Option become vested and/or
exercisable for more than 100% of the shares of Common Stock subject to the
Option pursuant to the provisions of this Exhibit B.

         5. Confidentiality. Holder agrees to keep the EBITDA and Net Adds
achievement levels set forth in this Exhibit B confidential and not to disclose
such thresholds to any third party without the prior written consent of the
Company.
<PAGE>

                                                                  ATTACHMENT B-1

                      METHODOLOGY FOR LINEAR INTERPOLATION

<TABLE>
<CAPTION>
                                            2005 Net Adds
                                   -----------------------------------
                                   Threshold      Target       Maximum
                                     [***]        [***]         [***]
                                   ---------      ------       -------
<S>                  <C>           <C>            <C>          <C>
      2005           Threshold        10%         12.5%          15%
     EBITDA          [***]
(in thousands)
                     Target         12.5%           20%        22.5%
                     [***]

                     Maximum          15%         22.5%          30%
                     [***]
</TABLE>

The EBITDA amounts in the following examples are shown in thousands.

Example 1:

-        2005 EBITDA: [***]

-        2005 Net Adds: [***]

         PROBLEM: The net adds performance falls exactly on a specified payout
range, but performance in EBITDA falls somewhere in-between the schedule.

         SOLUTION: Start with the net adds payout column and use straight-line
interpolation to determine the final payout.

         PAYOUT CALCULATION: Net additions of [***] dictate a payout of 12.5%
for threshold EBITDA performance and 20% for target EBITDA performance. Since
EBITDA performance ([***]) is halfway between THRESHOLD and TARGET performance
([***] and [***]), the actual payout should be halfway between the scheduled
payouts of 12.5% and 20%. Thus the payout is (1/2)*(20%-12.5%)+12.5%

-        Payout = 16.25%

Example 2:

-        2005 EBITDA: [***]

-        2005 Net Adds: [***]

         PROBLEM: Neither the net adds performance nor the EBITDA performance
fall exactly on a specified payout.

*** Certain information on this page has been omitted and filed separately with
the Commission. Confidential treatment has been requested with respect to the
omitted portions.

<PAGE>

         SOLUTION: Use straight line interpolation for both measures. Starting
with either measure will yield the same result.

         PAYOUT CALCULATION: EBITDA performance ([***]) is halfway between
THRESHOLD and TARGET performance ([***] and [***]), so we can interpolate an
EBITDA-based payout schedule by finding the halfway point at each defined level
of Net Adds. At [***] net adds, the EBITDA-based payout would be halfway between
10% and 12.5%. At [***] net adds, the EBITDA-based payout would be halfway
between 12.5% and 20%. At [***] net adds, the EBITDA-based payout would be
halfway between 15% and 22.5%. Thus the interpolated, EBITDA-based payout
schedule looks like this:

<TABLE>
<CAPTION>
                                                    2005 Net Adds
                                       ---------------------------------------
                                       Threshold       Target          Maximum
                                         [***]          [***]           [***]
                                       ---------       ------          -------
<S>               <C>                  <C>            <C>              <C>
                  Actual               11.25%         16.25%           18.75%
2005              $[***]               (midpoint      (midpoint        (midpoint
EBITDA            (midpoint of         of 10%         of 12.5%         of 15%
                  $[***] and           and 12.5%)     and 20%)         and 22.5%)
                  $[***])
</TABLE>

         To determine the actual payout given this range, we interpolate a
payout at [***] net adds based on the scheduled payouts at [***] and [***].
First we determine where [***] lies in the range of [***] to [***]. The length
of the range is [***] - [***] = [***] net adds. [***] is [***] above the range
minimum ([***] - [***] = [***]). So the actual performance of [***] net adds
falls 1/3 of the way between [***] net adds (target) and [***] net adds
(maximum). This means the actual payout must fall 1/3 of the way between 16.25%
and 18.75%. Thus the payout is (1/3)*(18.75%-16.25%)+16.25%

-        Payout = 17.08%

*** Certain information on this page has been omitted and filed separately with
the Commission. Confidential treatment has been requested with respect to the
omitted portions.

<PAGE>

                                    EXHIBIT C

                          TO STOCK OPTION GRANT NOTICE

                             FORM OF EXERCISE NOTICE

         Effective as of today, _____________________, __________ the
undersigned ("HOLDER") hereby elects to exercise Holder's option to purchase
____________ shares of the Common Stock (the "SHARES") of Leap Wireless
International, Inc. (the "COMPANY") under and pursuant to the Leap Wireless
International, Inc. 2004 Stock Option, Restricted Stock and Deferred Stock Unit
Plan (the "Plan") and the Stock Option Grant Notice and Non-Qualified Stock
Option Agreement dated _________________, (the "OPTION AGREEMENT"). Capitalized
terms used herein without definition shall have the meanings given in the Option
Agreement.

GRANT DATE:                          ___________________________

NUMBER OF SHARES AS TO
WHICH OPTION IS EXERCISED:           _____________________________________

EXERCISE PRICE PER SHARE:            $____________

TOTAL EXERCISE PRICE:                $____________

CERTIFICATE TO BE ISSUED IN NAME OF: _____________________________________

CASH PAYMENT DELIVERED HEREWITH:     $______________ (Representing the full
                                     Exercise Price for the Shares, as well
                                     as any applicable withholding tax)

TYPE OF OPTION:   The Option is a Non-Qualified Stock Option and is not an
                  incentive stock option within the meaning of Section 422 of
                  the Code.

         1. Representations of Holder. Holder acknowledges that Holder has
received, read and understood the Plan and the Option Agreement. Holder agrees
to abide by and be bound by their terms and conditions.

         2. Rights as Stockholder. Until the Shares are issued (as evidenced by
the appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company), no right to vote or receive dividends or any'
other rights as a stockholder shall exist with respect to Shares subject to the
Option, notwithstanding the exercise of the Option. No adjustment will be made
for a dividend or other right for which the record date is prior to the date the
Shares are issued, except as provided in Section 10.3 of the Plan.

         3. Tax Consultation. Holder understands that there are tax consequences
to Holder as a result of Holder's purchase or disposition of the Shares. Holder
represents that Holder has consulted with any tax consultants Holder deems
advisable in connection with the purchase or disposition of the Shares and that
Holder is not relying on the Company for any tax advice.

         4. Entire Agreement. The Plan and Option Agreement are incorporated
herein by reference. This Exercise Notice, the Plan and the Option Agreement
constitute the entire agreement of the parties and supersede in their entirety
all prior undertakings and agreements of the Company and Holder with respect to
the subject matter hereof.

                                      -1-
<PAGE>

ACCEPTED BY:                               SUBMITTED BY
LEAP WIRELESS INTERNATIONAL, INC.          HOLDER:

By:__________________________________      By:__________________________________
Print Name:__________________________      Print Name: _________________________
Title:_______________________________      Address:_____________________________<PAGE>

                                                                    EXHIBIT 10.3

CERTAIN MATERIAL (INDICATED BY AN ASTERISK) HAS BEEN OMITTED FROM THIS DOCUMENT
PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. THE OMITTED MATERIAL HAS BEEN
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

                        LEAP WIRELESS INTERNATIONAL, INC.
                     2004 STOCK OPTION, RESTRICTED STOCK AND
                            DEFERRED STOCK UNIT PLAN

                     RESTRICTED STOCK AWARD GRANT NOTICE AND
                        RESTRICTED STOCK AWARD AGREEMENT

         Leap Wireless International, Inc. (the "COMPANY"), pursuant to its 2004
Stock Option, Restricted Stock and Deferred Stock Unit Plan (the "PLAN"), hereby
grants to the holder listed below ("HOLDER"), the right to purchase the number
of shares of the Company's Common Stock set forth below (the "SHARES") at the
purchase price set forth below. This Restricted Stock award is subject to all of
the terms and conditions as set forth herein and in the Restricted Stock Award
Agreement attached hereto as Exhibit A (the "RESTRICTED STOCK AGREEMENT") and
the Plan, each of which are incorporated herein by reference. Unless otherwise
defined herein, the terms defined in the Plan shall have the same defined
meanings in this Grant Notice and the Restricted Stock Agreement.

HOLDER:                      ___________________

GRANT DATE:                  ______________, 2005

PURCHASE PRICE PER SHARE:    $_______ per share

TOTAL NUMBER OF SHARES OF

RESTRICTED STOCK:            [_________]

VESTING SCHEDULE:            The Shares shall be released from the
                             Company's Repurchase Option set forth in
                             Section 3.1 of the Restricted Stock Agreement on
                             the dates and in the percentages indicated in
                             Exhibit B to this Grant Notice.

By his or her signature and the Company's signature below, Holder agrees to be
bound by the terms and conditions of the Plan, the Restricted Stock Agreement
and this Grant Notice. Holder has reviewed the Restricted Stock Agreement, the
Plan and this Grant Notice in their entirety, has had an opportunity to obtain
the advice of counsel prior to executing this Grant Notice and fully understands
all provisions of this Grant Notice, the Restricted Stock Agreement and the
Plan. Holder hereby agrees to accept as binding, conclusive and final all
decisions or interpretations of the Administrator of the Plan upon any questions
arising under the Plan, this Grant Notice or the Restricted Stock Agreement. If
Holder is married, his or her spouse has signed the Consent of Spouse attached
to this Grant Notice as Exhibit C.

LEAP WIRELESS INTERNATIONAL, INC.          HOLDER:

By: ____________________________________   By: _________________________________
Print Name: ____________________________   Print Name:
Title: _________________________________   Title: ______________________________
Address: 10307 Pacific Center Court        Address: ____________________________
         San Diego, California 92121                ____________________________

<PAGE>

                                    EXHIBIT A

                     TO RESTRICTED STOCK AWARD GRANT NOTICE

                        RESTRICTED STOCK AWARD AGREEMENT

         Pursuant to the Restricted Stock Award Grant Notice ("GRANT NOTICE") to
which this Restricted Stock Award Agreement (this "AGREEMENT") IS attached, Leap
Wireless International, Inc. (the "COMPANY") has granted to Holder the right to
purchase the number of shares of Restricted Stock under the Company's 2004 Stock
Option, Restricted Stock and Deferred Stock Unit Plan (the "PLAN") indicated in
the Grant Notice.

                                    ARTICLE I

                                     GENERAL

         1.1 Defined Terms. Capitalized terms not specifically defined herein
shall have the meanings specified in the Plan and the Grant Notice.

         1.2 Incorporation of Terms of Plan. The Shares are subject to the terms
and conditions of the Plan which are incorporated herein by reference.

                                   ARTICLE II

                            GRANT OF RESTRICTED STOCK

         2.1 Grant of Restricted Stock. In consideration of Holder's past and/or
continued employment with or service to the Company or its Subsidiaries and for
other good and valuable consideration, effective as of the Grant Date set forth
in the Grant Notice (the "GRANT DATE"), the Company irrevocably grants to Holder
the right to purchase the number of shares of Common Stock set forth in the
Grant Notice (the "SHARES"), upon the terms and conditions set forth in the Plan
and this Agreement.

         2.2 Purchase Price. The purchase price of the Shares shall be as set
forth in the Grant Notice, without commission or other charge. The payment of
the purchase price shall be paid by cash or check.

         2.3 Issuance of Shares. The issuance of the Shares under this Agreement
shall occur at the principal office of the Company simultaneously with the
execution of this Agreement by the parties or on such other date as the Company
and Holder shall agree (the "ISSUANCE DATE"). Subject to the provisions of
Article IV below, on the Issuance Date, the Company shall issue the Shares
(which shall be issued in Holder's name).

         2.4 Conditions to Issuance of Stock Certificates. The Shares, or any
portion thereof, may be either previously authorized but unissued shares or
issued shares which have then been reacquired by the Company. Such Shares shall
be fully paid and nonassessable. The Company shall not be required to issue or
deliver any Shares prior to fulfillment of all of the following conditions:

<PAGE>

                  (a) The admission of such Shares to listing on all stock
exchanges on which such Common Stock is then listed; and

                  (b) The completion of any registration or other qualification
of such shares under any state or federal law or under rulings or regulations of
the Securities and Exchange Commission or of any other governmental regulatory
body, which the Administrator shall, in its absolute discretion, deem necessary
or advisable; and

                  (c) The obtaining of any approval or other clearance from any
state or federal governmental agency which the Administrator shall, in its
absolute discretion, determine to be necessary or advisable; and

                  (d) The lapse of such reasonable period of time following the
Issuance Date as the Administrator may from time to time establish for reasons
of administrative convenience; and

                  (e) The receipt by the Company of full payment for such
Shares, including payment of any applicable withholding tax, which in the
discretion of the Administrator may be in the form of consideration used by
Holder to pay for such Shares, subject to Section 10.4 of the Plan.

         2.5 Rights as Stockholder. Except as otherwise provided herein, upon
delivery of the Shares to the escrow holder pursuant to Article IV, Holder shall
have all the rights of a stockholder with respect to said Shares, subject to the
restrictions herein, including the right to vote the Shares and to receive all
dividends or other distributions paid or made with respect to the Shares;
provided, however, that any and all cash dividends paid on such Shares and any
and all shares of Common Stock, capital stock or other securities received by or
distributed to Holder with respect to the Shares as a result of any stock
dividend stock split, reverse stock split, recapitalization, combination,
reclassification, or similar change in the capital structure of the Company
shall also be subject to the Repurchase Option (as defined in Section 3.1 below)
and the restrictions on transfer in Section 3.4 below until such restrictions on
the underlying Shares lapse or are removed pursuant to this Agreement.

                                   ARTICLE III

                             RESTRICTIONS ON SHARES

         3.1 Repurchase Option. Subject to the provisions of Section 3.2 below,
if Holder has a Termination of Employment, Termination of Directorship or
Termination of Consultancy, as applicable, before all of the Shares are released
from the Company's Repurchase Option (as defined below), the Company shall, upon
the date of such Termination (as reasonably fixed and determined by the
Company), have an irrevocable, exclusive option, but not the obligation, for a
period of sixty (60) days, commencing ninety (90) days after the date Holder has
a Termination of Employment, Termination of Directorship or Termination of
Consultancy, as applicable, to repurchase all or any portion of the Unreleased
Shares (as defined below in Section 3.3) at such time (the "Repurchase Option")
at the original cash purchase price per share (the "Repurchase Price"). The
Repurchase Option shall lapse and terminate one hundred fifty (150) days after

                                      -2-
<PAGE>

Holder has a Termination of Employment, Termination of Directorship or
Termination of Consultancy, as applicable. The Repurchase Option shall be
exercisable by the Company by written notice to Holder or Holder's executor
(with a copy to the escrow agent appointed pursuant to Section 4.1 below) and
shall be exercisable, at the Company's option, by delivery to Holder or Holder's
executor with such notice of a check in the amount of the Repurchase Price times
the number of Shares to be repurchased (the "Aggregate Repurchase Price"). Upon
delivery of such notice and the payment of the Aggregate Repurchase Price, the
Company shall become the legal and beneficial owner of the Shares being
repurchased and all rights and interests therein or relating thereto, and the
Company shall have the right to retain and transfer to its own name the number
of Shares being repurchased by the Company. In the event the Company repurchases
any Shares under this Section 3.1, any dividends or other distributions paid on
such Shares and held by the escrow agent pursuant to Section 4.1 and the Joint
Escrow Instructions shall be promptly paid by the escrow agent to the Company.

         3.2 Release of Shares from Repurchase Restriction. The Shares shall be
released from the Company's Repurchase Option as indicated in Exhibit B to the
Grant Notice. Any of the Shares released from the Company's Repurchase Option
shall thereupon be released from the restrictions on transfer under Section 3.4.
In the event any of the Shares are released from the Company's Repurchase
Option, any dividends or other distributions paid on such Shares and held by the
escrow agent pursuant to Section 4.1 and the Joint Escrow Instructions shall be
promptly paid by the escrow agent to Holder.

         3.3 Unreleased Shares. Any of the Shares which, from time to time, have
not yet been released from the Company's Repurchase Option are referred to
herein as "Unreleased Shares."

         3.4 Restrictions on Transfer. Unless otherwise permitted by the
Administrator pursuant to the Plan, no Unreleased Shares or any dividends or
other distributions thereon or any interest or right therein or part thereof,
shall be liable for the debts, contracts or engagements of Holder or his or her
successors in interest or shall be subject to disposition by transfer,
alienation, anticipation, pledge, encumbrance, assignment or any other means
whether such disposition be voluntary or involuntary or by operation of law by
judgment, levy, attachment, garnishment or any other legal or equitable
proceedings (including bankruptcy), and any attempted disposition thereof shall
be null and void and of no effect.

                                   ARTICLE IV

                                ESCROW OF SHARES

         4.1 Escrow of Shares. To insure the availability for delivery of
Holder's Unreleased Shares upon repurchase by the Company pursuant to the
Repurchase Option under Section 3.1, Holder hereby appoints the Secretary of the
Company, or any other person designated by the Administrator as escrow agent, as
his or her attorney-in-fact to assign and transfer unto the Company, such
Unreleased Shares, if any, repurchased by the Company pursuant to the Repurchase
Option pursuant to Section 3.1 and any dividends or other distributions thereon,
and shall, upon execution of this Agreement, deliver and deposit with the
Secretary of the Company, or such other person designated by the Administrator,
any share certificates representing the

                                      -3-
<PAGE>

Unreleased Shares, together with the stock assignment duly endorsed in blank,
attached to the Grant Notice as Exhibit D to the Grant Notice. The Unreleased
Shares and stock assignment shall be held by the Secretary of the Company, or
such other person designated by the Administrator, in escrow, pursuant to the
Joint Escrow Instructions of the Company and Holder attached as Exhibit E to the
Grant Notice, until the Company exercises its Repurchase Option as provided in
Section 3.1, until such Unreleased Shares are released from the Company's
Repurchase Option, or until such time as this Agreement no longer is in effect.
Upon release of the Unreleased Shares, the escrow agent shall deliver to Holder
the certificate or certificates representing such Shares in the escrow agent's
possession belonging to Holder in accordance with the terms of the Joint Escrow
Instructions attached as Exhibit E to the Grant Notice, and the escrow agent
shall be discharged of all further obligations hereunder; provided, however,
that the escrow agent shall nevertheless retain such certificate or certificates
as escrow agent if so required pursuant to other restrictions imposed pursuant
to this Agreement. If the Shares are held in book entry form, then such entry
will reflect that the Shares are subject to the restrictions of this Agreement.
If any dividends or other distributions are paid on the Unreleased Shares held
by the escrow agent pursuant to this Section 4.1 and the Joint Escrow
Instructions, such dividends or other distributions shall also be subject to the
restrictions set forth in this Agreement and held in escrow pending release of
the Unreleased Shares with respect to which such dividends or other
distributions were paid from the Company's Repurchase Option.

         4.2 Transfer of Repurchased Shares. Holder hereby authorizes and
directs the Secretary of the Company, or such other person designated by the
Administrator, to transfer the Unreleased Shares as to which the Repurchase
Option has been exercised from Holder to the Company.

         4.3 No Liability for Actions in Connection with Escrow. The Company, or
its designee, shall not be liable for any act it may do or omit to do with
respect to holding the Shares in escrow and while acting in good faith and in
the exercise of its judgment.

                                    ARTICLE V

                                OTHER PROVISIONS

         5.1 Adjustment for Stock Split. In the event of any stock dividend,
stock split, reverse stock split, recapitalization, combination,
reclassification, or similar change in the capital structure of the Company, the
Administrator shall make appropriate and equitable adjustments in the Unreleased
Shares subject to the Repurchase Option and the number of Shares, consistent
with any adjustment under Section 10.3 of the Plan. The provisions of this
Agreement shall apply, to the full extent set forth herein with respect to the
Shares, to any and all shares of capital stock or other securities which may be
issued in respect of, in exchange for, or in substitution of the Shares, and
shall be appropriately adjusted for any stock dividends, splits, reverse splits,
combinations, recapitalizations and the like occurring after the date hereof.

         5.2 Taxes. Holder has reviewed with Holder's own tax advisors the
federal, state, local and foreign tax consequences of this investment and the
transactions contemplated by the Grant Notice and this Agreement. Holder is
relying solely on such advisors and not on any statements or representations of
the Company or any of its agents. Holder understands that

                                      -4-
<PAGE>

Holder (and not the Company) shall be responsible for Holder's own tax liability
that may arise as a result of this investment or the transactions contemplated
by this Agreement. Holder understands that Holder will recognize ordinary income
for federal income tax purposes under Section 83 of the Code. In this context,
"restriction" includes the right of the Company to repurchase the Shares
pursuant to its Repurchase Option set forth in Section 3.1. Holder understands
that Holder may elect to be taxed for federal income tax purposes at the time
the Shares are purchased rather than as and when the Repurchase Option lapses by
filing an election under Section 83(b) of the Code with the Internal Revenue
Service within thirty (30) days from the date of purchase. A form of election
under Section 83(b) of the Code is attached to the Grant Notice as Exhibit F.

         HOLDER ACKNOWLEDGES THAT IT IS HOLDER'S SOLE RESPONSIBILITY AND NOT THE
COMPANY'S TO TIMELY FILE THE ELECTION UNDER SECTION 83(b), EVEN IF HOLDER
REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON HOLDER'S
BEHALF

         5.3 Limitations Applicable to Section 16 Persons. Notwithstanding any
other provision of the Plan or this Agreement, if Holder is subject to Section
16 of the Exchange Act, the Plan, the Shares and this Agreement shall be subject
to any additional limitations set forth in any applicable exemptive rule under
Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the
Exchange Act) that are requirements for the application of such exemptive rule.
To the extent permitted by applicable law, this Agreement shall be deemed
amended to the extent necessary to conform to such applicable exemptive rule.

         5.4 Administration. The Administrator shall have the power to interpret
the Plan and this Agreement and to adopt such rules for the administration,
interpretation and application of the Plan as are consistent therewith and to
interpret, amend or revoke any such rules. All actions taken and all
interpretations and determinations made by the Administrator in good faith shall
be final and binding upon Holder, the Company and all other interested persons.
No member of the Administrator shall be personally liable for any action,
determination or interpretation made in good faith with respect to the Plan,
this Agreement or the Shares. In its absolute discretion, the Board may at any
time and from time to time exercise any and all rights and duties of the
Administrator under the Plan and this Agreement.

         5.5 Restrictive Legends and Stop-Transfer Orders.

                  (a) Any share certificate(s) evidencing the Shares issued
hereunder shall be endorsed with the following legend and any other legend
required by any applicable federal and state securities laws:

         THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF
         REPURCHASE IN FAVOR OF THE COMPANY AND MAY BE TRANSFERRED ONLY IN
         ACCORDANCE WITH THE TERMS OF A RESTRICTED STOCK AWARD AGREEMENT BETWEEN
         THE COMPANY AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE
         SECRETARY OF THE COMPANY.

                                      -5-
<PAGE>

                  (b) Holder agrees that, in order to ensure compliance with the
restrictions referred to herein, the Company may issue appropriate "stop
transfer" instructions to its transfer agent, if any, and that, if the Company
transfers its own securities, it may make appropriate notations to the same
effect in its own records.

                  (c) The Company shall not be required: (i) to transfer on its
books any shares of Common Stock that have been sold or otherwise transferred in
violation of any of the provisions of this Agreement, or (ii) to treat as owner
of such shares of Common Stock or to accord the right to vote or pay dividends
to any purchaser or other transferee to whom such shares shall have been so
transferred.

         5.6 Notices. Any notice to be given under the terms of this Agreement
to the Company shall be addressed to the Company in care of the Secretary of the
Company, and any notice to be given to Holder shall be addressed to Holder at
the address given beneath Holder's signature on the Grant Notice. By a notice
given pursuant to this Section 5.6, either party may hereafter designate a
different address for notices to be given to that party. Any notice shall be
deemed duly given when sent via email or when sent by certified mail (return
receipt requested) and deposited (with postage prepaid) in a post office or
branch post office regularly maintained by the United States Postal Service.

         5.7 Titles. Titles are provided herein for convenience only and are not
to serve as a basis for interpretation or construction of this Agreement.

         5.8 Governing Law; Severability. This Agreement shall be administered,
interpreted and enforced under the laws of the State of Delaware without regard
to conflicts of laws thereof. Should any provision of this Agreement be
determined by a court of law to be illegal or unenforceable, the other
provisions shall nevertheless remain effective and shall remain enforceable.

         5.9 Conformity to Securities Laws. Holder acknowledges that the Plan is
intended to conform to the extent necessary with all provisions of the
Securities Act and the Exchange Act and any and all regulations and rules
promulgated by the Securities and Exchange Commission thereunder, and state
securities laws and regulations. Notwithstanding anything herein to the
contrary, the Plan shall be administered, and the Shares are to be issued, only
in such a manner as to conform to such laws, rules and regulations. To the
extent permitted by applicable law, the Plan and this Agreement shall be deemed
amended to the extent necessary to conform to such laws, rules and regulations.

         5.10 Amendments. This Agreement may not be modified, amended or
terminated except by an instrument in writing, signed by Holder and by a duly
authorized representative of the Company.

         5.11 No Employment Rights. If Holder is an Employee, nothing in the
Plan or this Agreement shall confer upon Holder any right to continue in the
employ of the Company or any Subsidiary or shall interfere with or restrict in
any way the rights of the Company and its Subsidiaries, which are expressly
reserved, to discharge Holder at any time for any reason

                                      -6-
<PAGE>

whatsoever, with or without cause, except to the extent expressly provided
otherwise in a written agreement between the Company and Holder.

         5.12 Successors and Assigns. The Company may assign any of its rights
under this Agreement to single or multiple assignees, and this Agreement shall
inure to the benefit of the successors and assigns of the Company. Subject to
the restrictions on transfer herein set forth, this Agreement shall be binding
upon Holder and his or her heirs, executors, administrators, successors and
assigns.

                                      -7-
<PAGE>

                                    EXHIBIT B

                     TO RESTRICTED STOCK AWARD GRANT NOTICE

                               VESTING PROVISIONS

         Capitalized terms used in this Exhibit B and not defined below shall
have the meanings given them in the Agreement to which this Exhibit B is
attached.

         1. Time-Based Vesting. Subject to any accelerated vesting pursuant to
paragraphs 2 and 3 below, the Unreleased Shares shall be released from the
Company's Repurchase Option in their entirety on the third anniversary of the
Grant Date, if the Holder is an Employee, Director or Consultant on such date.

         2. Performance-Based Accelerated Vesting. If the Company's EBITDA (as
defined below) and the Company's Net Adds (as defined below) both equal or
exceed the respective Achievement Threshold amounts for 2005 as set forth in
paragraph (a) below and/or both equal or exceed the respective Achievement
Threshold amounts for 2006 as set forth in paragraph (b) below, then a certain
percentage of the Unreleased Shares shall be released in accordance with the
provisions of paragraphs (a) and (b) below; provided, however, that no
Unreleased Shares shall be released pursuant to paragraphs (a) or (b) below if
either the Company's EBITDA or Net Adds do not at least equal the Achievement
Threshold amount for the applicable year.

                  (a) Fiscal Year 2005. If the Company's EBITDA (as defined
below) and Net Adds (as defined below) for the Fiscal Year 2005 equal or exceed
the EBITDA and Net Adds Achievement Thresholds (as set forth below), then a
number of the Unreleased Shares shall be released from the Company's Repurchase
Option on the applicable Performance Vesting Effective Date equal to the number
obtained by multiplying the percentage determined in accordance with the
following table, by the total number of shares of Restricted Stock subject to
the Award (as shown in the Grant Notice).

                     2005 PERFORMANCE-BASED VESTING SCHEDULE

<TABLE>
<CAPTION>
                                              2005 Net Adds
                                   ---------------------------------
                                   Threshold     Target      Maximum
                                     [***]       [***]        [***]
                                   ---------     ------      -------
<S>                 <C>            <C>           <C>         <C>
     2005           Threshold           10%      12.5%          15%
                      [***]
    EBITDA
                    Target            12.5%        20%        22.5%
(in thousands)       [***]

                    Maximum             15%      22.5%          30%
                     [***]
</TABLE>

*** Certain information on this page has been omitted and filed separately with
the Commission. Confidential treatment has been requested with respect to the
omitted portions.

                                      B-1
<PAGE>

         The percentage of Unreleased Shares which shall be released from the
Company's Repurchase Option if performance is between the Achievement Threshold
amount and the Achievement Target amount, or between the Achievement Target
amount and the Achievement Maximum amount shall be determined by linear
interpolation between the applicable Achievement amounts for each measure in
accordance with the method described in Attachment B-1.

                  (b) Fiscal Year 2006. If the Company's EBITDA (as defined
below) and Net Adds (as defined below) for Fiscal Year 2006 equal or exceed the
EBITDA and Net Add Achievement Thresholds (as set forth below), then a number of
the Unreleased Shares shall be released from the Company's Repurchase Option on
the applicable Performance Vesting Effective Date equal to the number obtained
by multiplying the percentage determined in accordance with the following table,
by the total number of shares of Restricted Stock subject to the Award (as shown
in the Grant Notice).

<TABLE>
<CAPTION>
                                              2006 Net Adds
                                 --------------------------------------
                                 Threshold       Target         Maximum
                                   [***]          [***]          [***]
                                 ---------       ------         -------
<S>               <C>            <C>             <C>            <C>
     2006         Threshold          10%          12.5%            15%
                    [***]
    EBITDA
                  Target           12.5%            20%          22.5%
(in thousands)     [***]

                  Maximum            15%          22.5%            30%
                   [***]
</TABLE>

         The percentage of Unreleased Shares which shall be released from the
Company's Repurchase Option if performance is between the Achievement Threshold
amount and the Achievement Target amount, or between the Achievement Target
amount and the Achievement Maximum amount shall be determined by linear
interpolation between the applicable Achievement amounts for each measure in
accordance with the method described in Attachment B-1.

*** Certain information on this page has been omitted and filed separately with
the Commission. Confidential treatment has been requested with respect to the
omitted portions.

                                      B-2
<PAGE>

                  (c) Definition of EBITDA. For purposes of this Exhibit B, the
term "EBITDA" for a Fiscal Year means the Company's consolidated net income or
loss for such period before extraordinary items and before the cumulative effect
of any change in accounting principles plus (a) the following to the extent
deducted in calculating such consolidated net income or loss: (i) consolidated
interest expense, (ii) all income tax expense deducted in arriving at such
consolidated net income or loss, (iii) depreciation and amortization expense,
(iv) non-cash impairment of assets (tangible and intangible) and related
non-cash charges, (v) charges and expenses related to stock based compensation
awards, (vi) net non-cash reorganization expenses and charges, (vii) non-cash
dividends or other distributions made with respect to qualified preferred stock
as contemplated by the Credit Agreement negotiated among the Company, Cricket
Communications Inc., the administrative agent identified therein and others
posted to IntraLinks on December 23, 2004 and (viii) other non-recurring
expenses reducing such consolidated net income or loss which do not represent a
cash item in such period or any future period (including losses attributable to
the sale of assets other than in the ordinary course of business) and minus (b)
the following to the extent included in calculating such consolidated net income
or loss: (i) income tax credits for such period, (ii) all gains arising in
relation to the sale of assets other than in the ordinary course of business and
(iii) all non-cash items increasing such consolidated net income or loss for
such period.

                  (d) Definition of Net Adds. For purposes of this Exhibit B,
the term "NET ADDS" means, with respect to any Fiscal Year, "end of period
customers" on the last day of such Fiscal Year less "end of period customers" on
the last day of the preceding Fiscal Year. If the Company adopts a pre-paid card
based service offering, the Administrator shall, in its discretion, equitably
adjust the Net Adds Achievement Levels set forth in paragraphs (a) and (b) to
reflect the Company's changed scope of operations.

                  (e) Adjustments for Future Changes in the Company's Business.
The EBITDA Achievement Levels and Net Adds Achievement Levels set forth in
paragraphs (a) and (b) are designed to be measured against the Company's
performance in its existing thirty-nine (39) markets. If the Company commences
operations in any new markets, or ceases to operate in any existing market, the
Administrator shall, in its discretion, equitably adjust the EBITDA Achievement
Levels and/or the Net Adds Achievement Levels to reflect the Company's changed
scope of operations.

                  (f) Release of Shares Cumulative: Continued Service Condition.
The release of Unreleased Shares from the Company's Repurchase Option under
paragraphs (a) and (b) shall be cumulative. Unreleased Shares shall only be
released from the Company's Repurchase Option pursuant to this paragraph 2 if
Holder is an Employee, Director or Consultant of the Company or any of its
Subsidiaries on the applicable Performance Vesting Effective Date.

                  (g) Definition of Fiscal Year. For purposes of this Exhibit B,
the term "FISCAL YEAR" means the Company's fiscal year ending December 31.

                  (h) Definition of Performance Vesting Effective Date. For
purposes of this Exhibit B, the term "PERFORMANCE VESTING EFFECTIVE DATE" means,
with respect to the release

                                      B-3
<PAGE>

from the Company's Repurchase Option of Unreleased Shares to occur upon the
attainment of EBITDA and Net Adds Achievement Levels for 2005 or 2006, as
applicable, the date of the public announcement by the Company of EBITDA or Net
Adds, as applicable, for the relevant Fiscal Year, but in no event shall the
Company make such public announcement later than the date on which the Company
files its Form 10-K for the relevant Fiscal Year.

                  (i) Termination of Performance-Based Vesting. Notwithstanding
the foregoing provisions of this paragraph 2, no Unreleased Shares shall be
released from the Company's Repurchase Option under this paragraph 2 on or after
the date of occurrence of a Change in Control.

         3. Change in Control Accelerated Vesting.

                  (a) Change in Control prior to January 1 2006. In the event of
a Change in Control prior to January 1, 2006, (i) if Holder is an Employee,
Director or Consultant immediately prior to such Change in Control, then fifty
percent (50%) of the Unreleased Shares shall be released from the Company's
Repurchase Option, and (ii) if Holder is an Employee, Director or Consultant on
the first anniversary of the date of the occurrence of such Change in Control,
then an additional fifty percent (50%) of the Unreleased Shares shall be
released from the Company's Repurchase Option, and (iii) if the Holder is an
Employee, Director or Consultant on the second anniversary of the date of the
occurrence of such Change in Control, then any remaining Unreleased Shares shall
be released from the Company's Repurchase Option.

                  (b) Change in Control during 2006. In the event of a Change in
Control during 2006, (i) if Holder is an Employee, Director or Consultant
immediately prior to such Change in Control, then seventy-five percent (75%) of
the Unreleased Shares shall be released from the Company's Repurchase Option,
and (ii) if Holder is an Employee, Director or Consultant on the first
anniversary of the date of the occurrence of such Change in Control, then the
remaining Unreleased Shares shall be released from the Company's Repurchase
Option.

                  (c) Change in Control on or after January 1 2007. In the event
of a Change in Control on or after January 1, 2007, if Holder is an Employee,
Director or Consultant immediately prior to such Change in Control, then
eighty-five percent (85%) of the Unreleased Shares shall be released from the
Company's Repurchase Option and (ii) if the Holder is an Employee, Director or
Consultant on the first anniversary of the date of occurrence of such change in
Control, then any then remaining Unreleased Shares shall be released from the
Company's Repurchase Option.

                  (d) Termination of Employment in the Event of a Change in
Control. In the event of a Change in Control, if Holder has a Termination of
Employment by reason of discharge by the Company other than for Cause (as
defined below), or by reason of resignation by Holder for Good Reason (as
defined below), during the period commencing ninety (90) days prior to such
Change in Control and ending twelve (12) months after such Change in Control,
then (i) if the Change in Control occurs prior to January 1, 2006, twenty-five
percent (25%) of the Unreleased Shares shall be released form the Company's
Repurchase Option and (ii) if the Change in Control occurs on or after January
1, 2006, the remaining Unreleased Shares shall be released from the Company's
Repurchase Option, in each case, on the date of Holder's

                                      B-4
<PAGE>

Termination of Employment (or, if later, immediately prior to the date of the
occurrence of such Change in Control).

                  (e) Definitions of Cause and Good Reason. For purposes of this
Exhibit B, the terms "CAUSE" and "GOOD REASON" shall have the meanings given to
such terms in the Holder's employment agreement with the Company in effect on
the Grant Date and if the Holder does not have an employment agreement or
Holder's employment agreement does not include definitions of "Cause" and "Good
Reason", the terms shall be defined for purposes of this Exhibit B as follows:

                           (i) "Cause" shall mean termination of Holder's
         employment by the Company: (A) upon Holder's willful failure
         substantially to perform Holder's duties with the Company (or the
         Parent, any Subsidiary or any successor thereof) (other than any such
         failure resulting from Holder's incapacity due to physical or mental
         illness or any such actual or anticipated failure after Holder's
         issuance of a Notice of Termination (as defined below) for Good
         Reason), as reasonably determined by the Company, or, if Holder is then
         employed in a position as Senior Vice President of the Company or a
         more senior officer of the Company, by the Board of Directors of the
         Company after a written demand for substantial performance is delivered
         to Holder by the Company, or the Board of Directors of the Company, as
         the case may be, which demand specifically identifies the manner in
         which the Company or the Board of Directors of the Company, as the case
         may be, believes that Holder has not substantially performed such
         duties, provided that Holder shall have been given a reasonable period,
         not to exceed fifteen (15) days, in which to cure such failure
         (provided such failure is capable of being cured), (B) upon Holder's
         willful failure substantially to follow and comply with the specific
         and lawful directives of the Company or, if Holder is then employed in
         a position as a Senior Vice President of the Company or a more senior
         officer of the Company, by the Board of Directors of the Company (or
         the Board of Directors of the Parent) or duly adopted policies of the
         Company which are consistent with Holder's duties with the Company (or
         the Parent), as reasonably determined by the Company or, if Holder is
         then employed in a position as a Senior Vice President of the Company
         or a more senior officer of the Company, by the Board of Directors of
         the Company (other than any such failure resulting from Holder's
         incapacity due to physical or mental illness or any such actual or
         anticipated failure after Holder's issuance of a Notice of Termination
         for Good Reason), after a written demand for substantial performance is
         delivered to Holder by the Company or the Board of Directors of the
         Company, as the case may be, which demand specifically identifies the
         manner in which the Company or the Board of Directors of the Company,
         as the case may be, believes that Holder has not substantially
         performed such directives, provided that the Holder shall have been
         given a reasonable period not to exceed fifteen (15) days in which to
         cure such failure (provided such failure is capable of being cured),
         (C) upon Holder's commission of an act of fraud or dishonesty impacting
         or involving the Company (or the Parent, any Subsidiary or any
         successor thereof), (D) upon Holder's willful engagement in illegal
         conduct or gross misconduct affecting the Company, or (E) upon the
         Holder's being convicted of, or pleading nolo contendere to, the
         commission of a felony.

                                      B-5
<PAGE>

                           (ii) "Good Reason" shall mean, without Holder's
         express written consent, the occurrence of any of the following
         circumstances unless such circumstances are cured (provided such
         circumstances are capable of being cured) prior to the Date of
         Termination specified in the Notice of Termination given in respect
         thereof: (A) the continuous assignment to Holder of any duties
         materially inconsistent with Holder's positions with the Company (or
         the Parent, any Subsidiary or any successor thereof), a significant
         adverse alteration in the nature or status of Holder's responsibilities
         or the conditions of Holder's employment with the Company (or the
         Parent, any Subsidiary or any successor thereof), or any other action
         that results in a material diminution in Holder's position, authority,
         title, duties or responsibilities with the Company (or the Parent, any
         Subsidiary or any successor thereof); (B) reduction of Holder's annual
         base salary as in effect on the Grant Date or as the same may be
         increased from time to time thereafter; (C) the relocation of the
         Company's offices at which Holder is principally employed to a location
         more than sixty (60) miles from such location; (D) the Company's
         failure (or the failure of the Parent, any Subsidiary or any successor)
         to pay Holder any portion of Holder's current compensation; (E) the
         Company's failure (or the failure of the Parent, any Subsidiary or any
         successor) to continue in effect any material compensation or benefit
         plan in which Holder participates, unless an equitable arrangement
         (embodied in an ongoing substitute or alternative plan) has been made
         with respect to such plan, or the Company's failure to continue
         Holder's participation therein (or in such substitute or alternative
         plan) on the basis not materially less favorable, both in terms of the
         amount of benefits provided and the level of Holder's participation
         relative to other participants; (F) the Company's failure (or the
         failure of the Parent, any Subsidiary or any successor) to continue to
         provide Holder with benefits substantially similar in the aggregate to
         those enjoyed by Holder under any of the Company's life insurance,
         medical, health and accident, disability, pension, retirement, or other
         benefit plans in which Holder or Holder's eligible family members were
         participating immediately prior thereto, or the taking of any action by
         the Company (or the Parent, any Subsidiary or any successor thereof)
         which would directly or indirectly materially reduce any of such
         benefits; or (G) the continuation or repetition, after written notice
         of objection from Holder, of harassing or denigrating treatment of
         Holder by the Company, the Parent, any Subsidiary or any successor
         thereof inconsistent with Holder's position with the Company. Holder's
         right to terminate employment with the Company or the Parent,
         Subsidiary or any successor thereof pursuant to this subparagraph shall
         not be affected by Holder's incapacity due to physical or mental
         illness. Holder's continued employment with the Company or the Parent,
         Subsidiary or any successor thereof shall not constitute consent to, or
         a waiver of rights with respect to, any circumstance constituting Good
         Reason thereunder.

                  (f) Condition to Release of Shares. The release of Unreleased
Shares from the Company's Repurchase Option pursuant to subparagraph 3(d) shall
be conditioned on the Holder's delivery to the Company of an executed General
Release and the Holder's non-revocation of such General Release during the time
period for such revocation set forth therein.

         4. Limit on Release of Shares. In no event will more than 100% of the
Unreleased Shares be released from the Company's Repurchase Option pursuant to
the provisions of this Exhibit B.

         5. Confidentiality. Holder agrees to keep the EBITDA and Net Adds
achievement levels set forth in this Exhibit B confidential and not to disclose
such thresholds to any third party without the prior written consent of the
Company.

                                      B-6
<PAGE>

                                                                  ATTACHMENT B-1

                      METHODOLOGY FOR LINEAR INTERPOLATION

<TABLE>
<CAPTION>
                                            2005 Net Adds
                                   -----------------------------------
                                   Threshold      Target       Maximum
                                   [***]          [***]        [***]
                                   ---------      ------       -------
<C>                  <C>           <C>            <C>          <C>
2005                 Threshold         10%         12.5%          15%
EBITDA               [***]
(in thousands)
                     Target          12.5%           20%        22.5%
                     [***]

                     Maximum           15%         22.5%          30%
                     [***]
</TABLE>

The EBITDA amounts in the following examples are shown in thousands.

Example 1:

-        2005 EBITDA: [***]

-        2005 Net Adds: [***]

         PROBLEM: The net adds performance falls exactly on a specified payout
range, but performance in EBITDA falls somewhere in-between the schedule.

         SOLUTION: Start with the net adds payout column and use straight-line
interpolation to determine the final payout.

         PAYOUT CALCULATION: Net additions of [***] dictate a payout of 12.5%
for threshold EBITDA performance and 20% for target EBITDA performance. Since
EBITDA performance ([***]) is halfway between THRESHOLD and TARGET performance
([***] and [***]), the actual payout should be halfway between the scheduled
payouts of 12.5% and 20%. Thus the payout is (1/2)*(20%-12.5%)+12.5%

-        Payout = 16.25%

Example 2:

-        2005 EBITDA: [***]

-        2005 Net Adds: [***]

*** Certain information on this page has been omitted and filed separately with
the Commission. Confidential treatment has been requested with respect to the
omitted portions.

                                     B-1-1
<PAGE>

         PROBLEM: Neither the net adds performance nor the EBITDA performance
fall exactly on a specified payout.

         SOLUTION: Use straight line interpolation for both measures. Starting
with either measure will yield the same result.

         PAYOUT CALCULATION: EBITDA performance ([***]) is halfway between
THRESHOLD and TARGET performance ([***] and [***]), so we can interpolate an
EBITDA-based payout schedule by finding the halfway point at each defined level
of Net Adds. At [***] net adds, the EBITDA-based payout would be halfway between
10% and 12.5%. At [***] net adds, the EBITDA-based payout would be halfway
between 12.5% and 20%. At [***] net adds, the EBITDA-based payout would be
halfway between 15% and 22.5%. Thus the interpolated, EBITDA-based payout
schedule looks like this:

<TABLE>
<CAPTION>
                                                      2005 Net Adds
                                        --------------------------------------------
                                        Threshold        Target           Maximum
                                          [***]           [***]            [***]
                                        ---------        ------           -------
<S>            <C>                      <C>              <C>              <C>
               Actual                   11.25%           16.25%           18.75%
2005           [***]                    (midpoint        (midpoint        (midpoint
EBITDA         (midpoint of [***]       of 10%           of 12.5%         of 15% and
               and [***])               and 12.5%)       and 20%)         22.5%)
</TABLE>

         To determine the actual payout given this range, we interpolate a
payout at [***] net adds based on the scheduled payouts at [***] and [***].
First we determine where [***] lies in the range of [***] to [***]. The length
of the range is [***] - [***] = [***] net adds. [***] is [***] above the range
minimum ([***] - [***] = [***]). So the actual performance of [***] net adds
falls 1/3 of the way between [***] net adds (target) and [***] net adds
(maximum). This means the actual payout must fall 1/3 of the way between 16.25%
and 18.75%. Thus the payout is (1/3)*(18.75%-16.25%)+16.25%

-        Payout = 17.08%

*** Certain information on this page has been omitted and filed separately with
the Commission. Confidential treatment has been requested with respect to the
omitted portions.

                                     B-1-2
<PAGE>

                                    EXHIBIT C

                     TO RESTRICTED STOCK AWARD GRANT NOTICE

                                CONSENT OF SPOUSE

         I, [________________________], spouse of _______, have read and approve
the foregoing Agreement. In consideration of issuing to my spouse the shares of
the common stock of Leap Wireless International, Inc. set forth in the
Agreement, I hereby appoint my spouse as my attorney-in-fact in respect to the
exercise of any rights under the Agreement and agree to be bound by the
provisions of the Agreement insofar as I may have any rights in said Agreement
or any shares of the common stock of Leap Wireless International, Inc. issued
pursuant thereto under the community property laws or similar laws relating to
marital property in effect in the state of our residence as of the date of the
signing of the foregoing Agreement.

Dated: [_______________], 2005                     ____________________________
                                                       Signature of Spouse

                                      C-1
<PAGE>

                                    EXHIBIT D

                     TO RESTRICTED STOCK AWARD GRANT NOTICE

                                STOCK ASSIGNMENT

         FOR VALUE RECEIVED, the undersigned, _______, hereby sells, assigns and
transfers unto LEAP WIRELESS INTERNATIONAL, INC., a Delaware corporation,
[_______] shares of the Common Stock of LEAP WIRELESS INTERNATIONAL, INC., a
Delaware corporation, standing in its name of the books of said corporation
represented by Certificate No. [____] herewith and do hereby irrevocably
constitute and appoint [____________________] to transfer the said stock on the
books of the within named corporation with full power of substitution in the
premises.

         This Stock Assignment may be used only in accordance with the
Restricted Stock Award Agreement between LEAP WIRELESS INTERNATIONAL, INC. and
the undersigned dated [___________], 2005.

Dated: _______________, ____                     _______________________________
                                                         [Name of Holder]

         INSTRUCTIONS: Please do not fill in the blanks other than the signature
line. The purpose of this assignment is to enable the Company to exercise its
"Repurchase Option," as set forth in the Restricted Stock Award Agreement,
without requiring additional signatures on the part of Holder.

                                       D-1
<PAGE>

                                    EXHIBIT E

                     TO RESTRICTED STOCK AWARD GRANT NOTICE

                            JOINT ESCROW INSTRUCTIONS

                                                          ________________, 2005

Secretary
Leap Wireless International, Inc.
10307 Pacific Center Court
San Diego, California 92121

Ladies and Gentlemen:

         As escrow agent (the "ESCROW AGENT") for both Leap Wireless
International, Inc., a Delaware corporation (the "COMPANY"), and the undersigned
recipient of stock of the Company (the "HOLDER"), you are hereby authorized and
directed to hold in escrow the documents delivered to you pursuant to the terms
of that certain Restricted Stock Award Agreement ("AGREEMENT") between the
Company and the undersigned (the "Escrow"), including the stock certificate and
the Assignment in Blank, in accordance with the following instructions:

         1. In the event the Company and/or any assignee of the Company
(referred to collectively for convenience herein as the "COMPANY") exercises the
Company's Repurchase Option as defined in the Agreement), the Company shall give
to the Holder and you a written notice specifying the number of shares of stock
to be purchased, the purchase price and the time for a closing hereunder at the
principal office of the Company. The Holder and the Company hereby irrevocably
authorize and direct you to close the transaction contemplated by such notice in
accordance with the terms of said notice.

         2. As of the date of closing of the repurchase indicated in such
notice, you are directed (a) to date the stock assignments necessary for the
repurchase and transfer in question, (b) to fill in the number of shares being
repurchased and transferred, and (c) to deliver the same, together with the
certificate evidencing the shares of stock to be repurchased and transferred, to
the Company or its assignee.

         3. Holder irrevocably authorizes the Company to deposit with you any
certificates evidencing shares of stock to be held by you hereunder and any
additions and substitutions to said shares as defined in the Agreement. Holder
does hereby irrevocably constitute and appoint you as Holder's attorney-in-fact
and agent for the term of this escrow to execute with respect to such securities
all documents necessary or appropriate to make such securities negotiable and to
complete any transaction herein contemplated, including but not limited to the
filing with any applicable state blue sky authority of any required applications
for consent to, or notice of transfer of, the securities. Subject to the
provisions of this paragraph and the Agreement, Holder shall exercise all rights
and privileges of a stockholder of the Company while the stock is held by you.

         4. Upon written request of Holder, but no more than once per calendar
month, unless the Company's Repurchase Option has been exercised, you will
deliver to Holder a certificate or

                                      E-1
<PAGE>

certificates representing so many shares of stock as are not then subject to the
Repurchase Option. Within one hundred twenty (120) days after any voluntary or
involuntary termination of Holder's services to the Company for any or no
reason, you will deliver to Holder a certificate or certificates representing
the aggregate number of shares held or issued pursuant to the Agreement and not
repurchased pursuant to the Repurchase Option set forth in Section 3.1 of the
Agreement.

         5. If at the time of termination of this escrow you should have in your
possession any documents, securities, or other property belonging to Holder, you
shall deliver all of the same to the Holder and shall be discharged of all
further obligations hereunder.

         6. Your duties hereunder may be altered, amended, modified or revoked
only by a writing signed by all of the parties hereto.

         7. You shall be obligated only for the performance of such duties as
are specifically set forth herein and may rely and shall be protected in relying
or refraining from acting on any instrument reasonably believed by you to be
genuine and to have been signed or presented by the proper party or parties. You
shall not be personally liable for any act you may do or omit to do hereunder as
Escrow Agent or as attorney-in-fact for Holder while acting in good faith, and
any act done or omitted by you pursuant to the advice of your own attorneys
shall be conclusive evidence of such good faith.

         8. You are hereby expressly authorized to disregard any and all
warnings given by any of the parties hereto or by any other person or
corporation, excepting only orders or process of courts of law and are hereby
expressly authorized to comply with and obey orders, judgments or decrees of any
court. In case you obey or comply with any such order, judgment or decree, you
shall not be liable to any of the parties hereto or to any other person, firm or
corporation by reason of such compliance, notwithstanding any such order,
judgment or decree being subsequently reversed, modified, annulled, set aside,
vacated or found to have been entered without jurisdiction.

         9. You shall not be liable in any respect on account of the identity,
authorities or rights of the parties executing or delivering or purporting to
execute or deliver the Agreement or any documents or papers deposited or called
for hereunder.

         10. You shall not be liable for the expiration of any rights under any
applicable state, federal or local statute of limitations or similar statute or
regulation with respect to these Joint Escrow Instructions or any documents
deposited with you.

         11. You shall be entitled to employ such legal counsel and other
experts as you may deem necessary properly to advise you in connection with your
obligations hereunder, may rely upon the advice of such counsel, and may pay
such counsel reasonable compensation therefor. The Company will reimburse you
for any reasonable attorneys' fees with respect thereto.

         12. Your responsibilities as Escrow Agent hereunder shall terminate if
you shall cease to be an officer or agent of the Company or if you shall resign
by written notice to each party. In the event of any such termination, the
Company shall appoint a successor Escrow Agent.

                                      E-2
<PAGE>

         13. If you reasonably require other or further instruments in
connection with these Joint Escrow Instructions or obligations in respect
hereto, the necessary parties hereto shall join in furnishing such instruments.

         14. It is understood and agreed that should any dispute arise with
respect to the delivery and/or ownership or right of possession of the
securities held by you hereunder, you are authorized and directed to retain in
your possession without liability to anyone all or any part of said securities
until such disputes shall have been settled either by mutual written agreement
of the parties concerned or by a final order, decree or judgment of a court of
competent jurisdiction after the time for appeal has expired and no appeal has
been perfected, but you shall be under no duty whatsoever to institute or defend
any such proceedings.

         15. Any notice to be given under the terms of this Agreement to the
Company shall be addressed to the Company in care of the Secretary of the
Company, and any notice to be given to the Holder or you shall be addressed to
the address given beneath Holder's and your signatures on the signature page to
this Agreement. By a notice given pursuant to this Section 15, any party may
hereafter designate a different address for notices to be given to that party.
Any notice, which is required to be given to Holder, shall, if the Holder is
then deceased, be given to Holder's designated beneficiary, if any by written
notice under this Section 15. Any notice shall be deemed duly given when sent
via email or when sent by certified mail (return receipt requested) and
deposited (with postage prepaid) in a post office or branch post office
regularly obtained by the United States Postal Service.

         16. By signing these Joint Escrow Instructions, you become a party
hereto only for the purpose of said Joint Escrow Instructions; you do not become
a party to the Agreement.

         17. This instrument shall be binding upon and inure to the benefit of
the parties hereto, and their respective successors and permitted assigns.

         18. These Joint Escrow Instructions shall be governed by, and construed
and enforced in accordance with, the laws of the State of Delaware, without
regard to conflicts of law thereof.

                            (Signature Page Follows)

                                      E-3
<PAGE>

         IN WITNESS WHEREOF, the parties have executed these Joint Escrow
Instructions as of the date first written above.

                                       Very truly yours,

                                       LEAP WIRELESS INTERNATIONAL, INC.

                                       By: _____________________________________
                                           Name:
                                           Title:

                                       Address: 10307 Pacific Center Court
                                                San Diego, California 92121

                                       HOLDER:

                                       _________________________________________

                                       Address _________________________________
                                               _________________________________

ESCROW AGENT:

By: _______________________________________
    Robert Irving,
    Secretary, Leap Wireless International, Inc.

Address: 10307 Pacific Center Court
         San Diego, California 92121

                                      E-4
<PAGE>

                                    EXHIBIT F

                     TO RESTRICTED STOCK AWARD GRANT NOTICE

                     FORM OF 83(B) ELECTION AND INSTRUCTIONS

         These instructions are provided to assist you if you choose to make an
election under Section 83(b) of the Internal Revenue Code, as amended, with
respect to the shares of common stock, par value $0.0001, of Leap Wireless
International, Inc. transferred to you. PLEASE CONSULT WITH YOUR PERSONAL TAX
ADVISOR AS TO WHETHER AN ELECTION OF THIS NATURE WILL BE IN YOUR BEST INTERESTS
IN LIGHT OF YOUR PERSONAL TAX SITUATION.

         The executed original of the Section 83(b) election must be filed with
the Internal Revenue Service not later than 30 days after the date the shares
were transferred to you. PLEASE NOTE: There is no remedy for failure to file on
time. The steps outlined below should be followed to ensure the election is
mailed and filed correctly and in a timely manner. ALSO, PLEASE NOTE: If you
make the Section 83(b) election, the election is irrevocable.

1.       Complete Section 83(b) election form (attached as Attachment 1) and
         make four (4) copies of the signed election form. (Your spouse, if any,
         should sign Section 83(b) election form as well.)

2.       Prepare the cover letter to the Internal Revenue Service (sample letter
         attached as Attachment 2).

3.       Send the cover letter with the originally executed Section 83(b)
         election form and one (1) copy via certified mail, return receipt
         requested to the Internal Revenue Service at the address of the
         Internal Revenue Service where you file your personal tax returns. We
         suggest that you have the package date-stamped at the post office. The
         post office will provide you with a white certified receipt that
         includes a dated postmark. Enclose a self-addressed, stamped envelope
         so that the Internal Revenue Service may return a date-stamped copy to
         you. However, your postmarked receipt is your proof of having timely
         filed the Section 83(b) election if you do not receive confirmation
         from the Internal Revenue Service.

4.       One (1) copy must be sent to Leap Wireless International, Inc. for its
         records and one (1) copy must be attached to your federal income tax
         return for the applicable calendar year.

5.       Retain the Internal Revenue Service file stamped copy (when returned)
         for your records.

         Please consult your personal tax advisor for the address of the office
of the Internal Revenue Service to which you should mail your election form.

                                      F-1
<PAGE>

                            ATTACHMENT 1 TO EXHIBIT F

               ELECTION UNDER INTERNAL REVENUE CODE SECTION 83(B)

         The undersigned taxpayer hereby elects, pursuant to Section 83(b) of
the Internal Revenue Code of 1986, as amended, to include in taxpayer's gross
income for the current taxable year the amount of any compensation taxable to
taxpayer in connection with taxpayer's receipt of shares (the "Shares") of
Common Stock, par value $0.0001 per share, of Leap Wireless International, Inc.,
a Delaware corporation (the "Company").

1.       The name, address and taxpayer identification number of the undersigned
         taxpayer are:

         _________________________
         _________________________

         SSN:

         The name, address and taxpayer identification number of the Taxpayer's
         spouse are (complete if applicable):

         _________________________
         _________________________
         _________________________

         SSN:

2.       Description of the property with respect to which the election is being
         made:

         __________________(_____) shares of Common Stock, par value $0.0001 per
         share, of the Company.

3.       The date on which the property was transferred was ______________. The
         taxable year to which this election relates is calendar year 200_.

4.       Nature of restrictions to which the property is subject:

         The Shares are subject to repurchase at their original purchase price
         if unvested as of the date of termination of employment, directorship
         or consultancy with the Company.

5.       The fair market value at the time of transfer (determined without
         regard to any lapse restrictions, as defined in Treasury Regulation
         Section 1.83-3(a)) of the Shares was $___________ per Share.

6.       The amount paid by the taxpayer for Shares was ___________ per share.

7.       A copy of this statement has been furnished to the Company.

Dated: _____________, 200_               Taxpayer Signature ____________________

                                     F-1-1
<PAGE>

The undersigned spouse of Taxpayer joins in this election. (Complete if
applicable).

Dated: ______________, 200_          Spouse's Signature ________________________

Signature(s) Notarized by:

         ___________________________

         ___________________________

                                     F-1-2
<PAGE>

                            ATTACHMENT 2 TO EXHIBIT F

                 SAMPLE COVER LETTER TO INTERNAL REVENUE SERVICE

                            __________________, 200_

                               VIA CERTIFIED MAIL
                            RETURN RECEIPT REQUESTED

Internal Revenue Service
[Address where taxpayer files returns]

Re:  Election under Section 83(b) of the Internal Revenue Code of 1986
     Taxpayer: _________________________________________________________________
     Taxpayer's Social Security Number: ________________________________________
     Taxpayer's Spouse: ________________________________________________________
     Taxpayer's Spouse's Social Security Number:________________________________

Ladies and Gentlemen:

     Enclosed please find an original and one copy of an Election under
Section 83(b) of the Internal Revenue Code of 1986, as amended, being made by
the taxpayer referenced above. Please acknowledge receipt of the enclosed
materials by stamping the enclosed copy of the Election and returning it to me
in the self-addressed stamped envelope provided herewith.

                                        Very truly yours,

                                        ____________________________________

Enclosures

cc: Leap Wireless International, Inc.

                                     F-2-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}]]