Document:

Exhibit
      10.32

    

    December
      31, 2005

     

    Mr.
      Robert J. Caso

    c/o
      Cellegy Pharmaceuticals, Inc.
      1800
      Byberry Road

    Building
      13

    Huntingdon
      Valley, PA 19006-3525

     

    Re: Retention/Stay
      Bonus 

     

    Dear
      Rob:

     

    This
      letter will confirm the terms of certain matters relating to your employment
      with
      Cellegy
      Pharmaceuticals, Inc. (the "Company"
      or
      "Cellegy").

     

    1. Retention
      Bonus.
      As an
      incentive for you to remain employed with the Company through the Retention
      Period (defined below) or such earlier time as the Company in its discretion
      may
      determine, the Company agrees that if you do not voluntarily terminate your
      employment with the Company and are not terminated for cause or performance
      related reasons (or
      as
      result of death or disability), in each case before June 30, 2006 (the period
      from the date of
      this
      letter through such date referred to as the "Retention
      Period"), then
      the
      Company will pay you, on or within two business days after the date of your
      employment termination, the sum of two hundred thousand dollars ($200,000)
      (the
"Retention
      Bonus"). In
      consideration for the foregoing, you agree that during the Retention Period
      you
      will cooperate with the Company in providing for the orderly transition of
      your
      duties and responsibilities to other individuals, as reasonably requested by
      the
      Company.

     

    2. No
      Other Payments.
      The
      Retention Bonus shall be in lieu of all other severance or similar payments
      that
      the Company may be obligated to make under any agreement, arrangement or
      understanding applicable to you relating to termination of your employment.
      Without limiting the foregoing, if you are a participant in the Company's
      Retention and Severance
      Plan for Executives (the "Retention
      Plan"), your
      signature below will constitute your
      agreement to terminate your Agreement of Plan Participation or any similar
      agreement, arrangement or understanding that you may have with the Company
      regarding severance payments upon termination of your employment with the
      Company. You waive and terminate your right to any cash severance (other than
      the Retention Bonus) or option or restricted stock acceleration or continued
      vesting under any agreement with the Company in connection with termination
      of
      employment. Notwithstanding the foregoing, upon your employment termination
      the
      Company will pay to you all salary and accrued vacation earned through the
      date
      of termination and reimbursement for any unreimbursed business expenses incurred
      by you, consistent
      with past practices, in connection with the business of the Company and in
      accordance
      with
      Company reimbursement policies. In addition, in connection with any
      employment
      termination you will receive such medical and insurance benefits as are required
      by law or
      provided
      for in the Company's health insurance plans.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    3. Taxes.
      The
      Company will deduct from all amounts payable pursuant to this letter all
federal,
      state, local and other taxes required by law to be withheld with respect to
      the
      Retention
      Bonus.

     

    4. Release
      of Claims; Other Termination Documents.
      Payment
      of the Retention Bonus is conditioned upon your execution, at the time of your
      employment termination, of a general release of claims in favor of the Company
      in the form of the release attached to the Retention Plan or such other form
      as
      the Company may reasonably request. In addition, if the Company pays you the
      Retention Bonus, you agree that you will refrain from engaging in any activities
      or making any statements that may disparage or reflect negatively on the
      Company, its directors, officers or employees or its business or prospects.
      Upon
      employment termination, you agree to execute such other customary documents
      as
      the Company may reasonably request, including confirming return of all Company
      property and Company proprietary or trade secret information and materials.
      Nothing in this letter is intended to reduce the scope of your obligation
      under the Employee Invention Agreement or any similar agreement with the
      Company
      that you
      have previously executed or under any other Company policy or agreement in
      connection with termination of employment.

     

    5. At-Will
      Employment.
      You
      agree that notwithstanding the above, your employment with the Company continues
      to be at-will, the Company may assign to you other duties,
      and the Company can terminate your employment at any time either before or
      after the
      Retention Period, for any reason or no reason; and that nothing in this letter
      will be deemed
      to
      provide any continued right to employment with the Company.

     

    6. General:
      Miscellaneous.
      This
      agreement may be executed in one or more counterparts, each of which shall
      constitute an original but all of which taking together shall constitute one
      and
      the same agreement. This agreement contains the entire understanding and sole
      and entire agreement between us with respect to the subject matter hereof,
      supersedes any and all prior agreements, negotiations and discussions between
      us
      with respect to the subject matter covered hereby, and may only be modified
      by
      an agreement in writing signed by the Company and you. You acknowledge that
      neither the Company nor any of its directors or, officers or attorneys have
      made
      any promise, representation or warranty whatsoever, either express or implied,
      written or oral, which is not contained in this agreement for the purpose of
      inducing you to execute this agreement, and you acknowledge that you have
      executed this agreement in reliance only upon such promises, representations
      and
      warranties as are contained herein. If any provision of the agreement is held
      to
      be invalid or otherwise unenforceable, in whole
      or
      in part, the remainder of such provision and the remainder of this agreement
      will not be
      affected
      thereby and will be enforced to the fullest extent permitted by law. Nothing
      in
      this agreement will be construed to limit or otherwise affect in any manner
      whatsoever the right or power of the Company to terminate your employment or
      other relationship with the Company at any time, for any reason or no reason,
      with or without cause.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    Please
      acknowledge your agreement to the above by signing and returning a copy of
      this
      letter.

    
      

       

      CELLEGY
        PHARMACEUTICALS, INC.:

       

      

       

      ACKNOWLEDGED,
        AGREED AND ACCEPTED:

      

      EMPLOYEE:

       

      

       

      
        
          
          

        

        
          3Exhibit
      4.2

    THIS
      WARRANT AND ANY INTEREST ISSUABLE UPON THE EXERCISE OF THIS WARRANT ARE SUBJECT
      TO CERTAIN RESTRICTIONS ON TRANSFER AND CONDITIONS SET FORTH IN THE AMENDED
      AND
      RESTATED LIMITED LIABILITY COMPANY AGREEMENT, DATED AS OF APRIL 13, 2005, BY
      AND
      AMONG THE MEMBERS OF NEXTWAVE WIRELESS LLC. A COPY OF SUCH AGREEMENT MAY BE
      OBTAINED FROM NEXTWAVE WIRELESS AT ITS PRINCIPAL EXECUTIVE OFFICES. ANY
      TRANSFEREE OF THIS WARRANT OR ANY INTEREST ISSUABLE UPON EXERCISE OF THIS
      WARRANT SHALL BE DEEMED TO AGREE TO BE BOUND BY THE TERMS OF THE
      AGREEMENT.

    

    THIS
      WARRANT AND ANY INTEREST ISSUABLE UPON THE EXERCISE OF THIS WARRANT HAVE NOT
      BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND NEITHER THIS
      WARRANT NOR ANY SUCH INTERESTS MAY BE TRANSFERRED IN THE ABSENCE OF SUCH
      REGISTRATION OR AN EXEMPTION THEREFROM UNDER SUCH ACT.

    

    WARRANT

    

    To
      Purchase Limited Liability Company Interest of

    

    NEXTWAVE
      WIRELESS LLC

    

    THIS
      IS
      TO CERTIFY that Station 4, LLC or registered assigns ("Holder"), is entitled
      upon the due exercise hereof at any time during the Exercise Period (as
      hereinafter defined) to purchase up to Three Million (3,000,000) Interests
      (as
      defined below) of NextWave Wireless LLC, a Delaware limited liability company,
      at the Exercise Price (as hereinafter defined), and to exercise the other
      rights, powers and privileges hereinafter provided, all on the terms and subject
      to the conditions hereinafter set forth. 

    

    ARTICLE
      I

    DEFINITIONS

    

    The
      terms
      defined in this ARTICLE I, whenever used in this Warrant, shall have the
      respective meanings hereinafter specified.

    

    "Advisory
      Services Agreement"
      means
      the Advisory Services Agreement, with an effective date as of September 1,
      2005,
      between Station 4, LLC and NextWave Broadband Inc., as the same may be amended
      from time to time.

    

    "Commission"
      means
      the Securities and Exchange Commission or any other Federal agency from time
      to
      time administering the Securities Act.

    

    "Company"
      means
      NextWave Wireless LLC, a Delaware limited liability company, and any successor
      limited liability company, corporation or partnership.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    “Interest”
has
      the
      meaning set forth in the LLC Agreement, or means the equivalent thereof in
      the
      event of any reorganization or reclassification of the Interests of the Company
      after the effective date of the Advisory Services Agreement, including, without
      limitation as provided in Section 11.01 of the LLC Agreement. 

    

    "Exercise
      Period"
      means
      the period commencing on the Issue Date and terminating on the fifth anniversary
      of that date.

    

    "Exercise
      Price"
      means
      (i) One Dollar ($1.00) of warrant exercise credit (as described in Section
      3(a)
      of the Advisory Services Agreement) or (ii) One Dollar ($1.00) in cash;
      provided, however, if the Holder pays the Exercise Price in cash, the Holder
      shall forfeit One Dollar ($1.00) of warrant exercise credit for each One Dollar
      ($1.00) in cash paid. 

    

    "Initial
      Holder"
      means
      Station 4, LLC, the initial holder of this Warrant. 

    

    "Issue
      Date"
      means
      September 1, 2005, the initial date of issuance of this Warrant.

    

    "LLC
      Agreement"
      means
      Amended and Restated Limited Liability Company Agreement of NextWave Wireless
      LLC dated as of April 13, 2005.

    

    "Notice
      of Exercise"
      means
      the form of Notice of Exercise appearing at the end of this
      Warrant.

    

    "Securities
      Act"
      means
      the Securities Act of 1933, as amended, or any successor Federal statute and
      the
      rules and regulations of the Commission promulgated thereunder, all as the
      same
      shall be in effect from time to time.

    

    "Warrant"
      means
      this warrant dated as of the Issue Date issued to the Initial Holder and all
      warrants issued upon the partial exercise, transfer or division of or in
      substitution for any Warrant.

    

    Whenever
      used in this Warrant, any noun or pronoun shall be deemed to include both the
      singular and plural and to cover all genders, and the words "herein", "hereof",
      and "hereunder" and words of similar import shall refer to this instrument
      as a
      whole, includ-ing any amendments hereto.

    

    

    ARTICLE
      II

    EXERCISE
      OF WARRANT

    

    2.1 Manner
      of Exercise; Issuance of Interests.
      To
      exercise this Warrant, the Holder shall deliver to the Company (a) a Notice
      of
      Exercise in the form attached hereto, duly executed by the holder hereof, (b)
      an
      amount equal to the aggregate Exercise Price, and (c) this Warrant. If the
      Holder elects to pay the Exercise Price in cash, payment of the Exercise Price
      shall be made by (a) wire transfer of funds to an account in a bank located
      in
      the United States designated by the Company for such purpose, or (b) certified
      or official bank check payable to the order of the Company and drawn on a member
      of the New York Clearing House.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Upon
      receipt of the required deliveries, the Company shall, as promptly as
      practicable, and in any event within five (5) business days thereafter, cause
      to
      be issued and delivered to the holder hereof or, subject to the provisions
      hereof, the transferee designated in the Notice of Exercise, a counterpart
      signature page to the LLC Agreement. Upon due execution of such signature page
      to the LLC Agreement, the Holder (or such transferee) shall be admitted as
      a
      Member, having all rights of a Member.

    

    2.2 Compliance
      with Securities Laws.
      This
      Warrant may not be exercised at any time that the issuance of Interests (or
      other securities for which this Warrant is then issuable) would not be in
      compliance with the Securities Act or any applicable state securities
      laws.

    

    2.3 Effectiveness
      of Exercise.
      Unless
      otherwise requested by the Holder, this Warrant shall be deemed to have been
      exercised and such admission as a Member shall be deemed to have occurred,
      and
      the holder or transferee so designated in the Notice of Exercise shall be deemed
      to have become a Member for all purposes, as of the close of business on the
      first date that the Notice of Exercise, payment of the Exercise Price and this
      Warrant have been received by the Company.

    

    2.4 Restrictions
      on Transfer.
      This
      Warrant and all rights hereunder shall be assignable and transferable by the
      Holder only pursuant to the transfer provision set forth in the LLC Agreement.
      For any transfer permitted in accordance with such provisions, the Holder shall
      surrender this Warrant with a properly executed assignment at the principal
      offices of the Company (or such other office or agency of the Company as it
      may
      designate in writing to the Holder).

    

    2.5 Ownership.
      The
      Company and any agent of the Company may treat the Person in whose name this
      Warrant is registered on the register kept at the principal office of the
      Company as the owner and Holder hereof for all purposes, notwithstanding any
      notice to the contrary. This Warrant, if properly assigned, may be exercised
      by
      a new holder without first having a new Warrant issued.

    

    ARTICLE
      III

    CERTAIN
      COVENANTS

    

    3.1 Interest.
      Notwithstanding any contrary provision of the Agreement, the Interests issuable
      upon exercise of this Warrant shall be fully vested upon issuance.

     

    3.2 Transfer
      and Exchange.
      Upon
      full compliance by the Holder with the transfer provisions set forth in the
      LLC
      Agreement, the Company shall execute and deliver, subject to the provisions
      hereof, in the name of the designated transferee or transferees, one or more
      new
      Warrants representing the right to purchase a like amount of Interests. Whenever
      this Warrant is so surrendered for exchange, the Company shall execute and
      deliver the Warrants which the holder making the exchange is entitled to
      receive.

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    Every
      Warrant presented or surrendered for registration of transfer or exchange shall
      be accompanied by an Assignment in the form attached hereto, duly executed
      by
      the holder thereof or its attorney duly authorized in writing and if requested
      by the Company, an opinion of counsel that the transfer or exchange is exempt
      from registration under the Act.

    

    All
      Warrants issued upon any registration of transfer or exchange of Warrants shall
      be the valid obligations of the Company, evidencing the same rights, and
      entitled to the same benefits, as the Warrants surrendered upon such
      registration of transfer or exchange.

    

    3.3 Replacement.
      Upon
      receipt of evidence reason-ably satisfactory to the Company of the ownership
      and
      the loss, theft, destruction or mutilation of any Warrant, and in the case
      of
      any such loss, theft or destruction, upon receipt of indemnity reasonably
      satisfactory to the Company, or, in the case of any such mutilation upon
      sur-render of such certificate, the Company shall execute and deliver in lieu
      of
      such certificate a new certificate of like kind representing the same rights
      represented by such lost, stolen, destroyed or mutilated certificate and dated
      the date of such lost, stolen, de-stroyed or mutilated certificate.

    

    3.4 Adjustments.

    

    (a)
      If
      the Company shall, after the Issue Date, adjust by any manner its outstanding
      number of Interests into a greater or smaller number of Interests, then the
      number of Interests that may thereafter be purchased upon the exercise of this
      Warrant must be increased or decreased, as the case may be, in proportion to
      the
      increase or decrease of Interests, and the Exercise Price must be decreased
      or
      increased in such proportion.

    

    (b)
      In
      case of any capital reorganization or reclas-sification or recapitalization
      of
      the Interests of the Company (including, without limitation, in the case of
      a
      public offering of the securities of the Company), or in case of the
      consolidation or merger of the Company with or into another limited liability
      company, corporation, or other entity, or in case of the sale or transfer of
      the
      property of the Company as an entirety or substantially as an entirety, there
      shall thereafter be deliverable upon the exercise of this Warrant or any portion
      thereof (in lieu of or in addition to the number of Interests theretofore
      deliverable, as appropriate) the number of Interests or other securities or
      property which a holder of such number of Interests would have received upon
      such event, and at the same aggregate Exercise Price.

    

    3.5 Notices.

    

    In
      case
      the Company after the Issue Date shall propose to (i) make any distribution
      to
      the holders of Interests, (ii) offer to the Members rights to subscribe for
      or
      purchase any additional Interests of any class or any other rights or options,
      (iii) effect any event requiring the unanimous consent of the Members, (iv)
      effect any reclassification of the Interests, sale of Interests, or any capital
      reorganization or any consolidation or merger, or any sale, transfer or other
      disposition of its property, assets and business as an entirety or substantially
      as an entirety, or the liquidation, dissolution or winding up of the Company
      (“Reorganization”), or (v) conduct an initial public offering of any of its
      securities, then, in each such case, the Company shall mail to the holder of
      this Warrant notice of such proposed action setting forth all material
      information relating to the proposed event. Such notice shall be mailed, at
      least ten (10) days prior to the record date for determining holders (x) for
      purposes of receiving such payment or offer or (y) entitled to vote, or entitled
      to approve or participate in such Reorganization.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    3.6 No
      Impairment or Amendment.
      The
      Company will (a) take all such other action as may be necessary or appropriate
      in order that the Company may validly issue fully paid and nonassessable
      Interests upon the full exercise of this Warrant and (b) obtain all such
      authorizations, exemptions or consents from any public regulatory body having
      jurisdiction thereof as may be necessary to enable the Company to perform its
      obligations under this Warrant; provided, however, that the Company shall not
      be
      required to effect a registration under the Securities Act or any state
      securities laws to permit issuance of the Interests issuable upon exercise
      of
      this Warrant.

    

    ARTICLE
      IV

    REPRESENTATIONS
      AND WARRANTIES

    

    The
      Company hereby represents and warrants to the Initial Holder and each subsequent
      Holder of this Warrant that as of the Issue Date:

    

    4.1 Organization
      and Capitalization of the Company.
      The
      Company is a limited liability company duly organized, validly existing and
      in
      good standing under the laws of the State of Delaware. There is only one class
      of Interests outstanding for the Company.

    

    4.2 Authority.
      The
      Company has full power and authority to execute and deliver this Warrant and
      to
      perform all of its obligations hereunder, and the execution, delivery and
      performance hereof have been duly authorized by all necessary company action
      on
      its part. This Warrant has been duly executed on behalf of the Company and
      constitutes the legal, valid and binding obligation of the Company enforceable
      in accordance with its terms.

    

    4.3 No
      Legal Bar.
      None of
      the execution, delivery or performance of this Warrant will (a) conflict
      with or result in a violation of the certificate of formation of the Company
      or
      the LLC Agreement, (b) conflict with or result in a violation of any law,
      statute, regulation, order or decree applicable to the Company, (c) require
      any consent or authorization or filing with, or other act by or in respect
      of,
      any governmental authority, or (d) result in a breach of, constitute a
      default under or constitute an event creating rights of acceleration,
      termination or cancellation under any mortgage, lease, contract, franchise,
      instrument or other agreement to which the Company is a party or by which it
      is
      bound.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    ARTICLE
      V

    VESTING
      

    

    5.1 Vesting
      Schedule.
      Notwithstanding anything herein to the contrary except as otherwise set forth
      in
      this Article V, the rights to purchase the Interests set forth in this Warrant
      shall vest in accordance with the following provisions, and the Holder shall
      be
      entitled to exercise this Warrant only as to that portion of the Interests
      as to
      which Holder's rights shall have vested:

    

    (a) On
      the
      date hereof, Holder shall be fully vested in its rights to purchase one-third
      of
      the Interests that are subject to this Warrant;

    

    (b) On
      the
      first anniversary of the date hereof, Holder shall be fully vested in its rights
      to purchase two-thirds of the Interests that are subject to this Warrant;
      and

    

    (c) On
      the
      second anniversary of the date hereof, Holder shall be fully vested in its
      rights to purchase one hundred percent (100%) of the Interests that are subject
      to this Warrant.

    

    5.2 Acceleration
      of Vesting.
      Holder
      shall immediately and automatically fully vest in its rights to purchase 100%
      of
      the Interests that are subject to this Agreement upon the occurrence of any
      of
      the following events:

    

    (a)
      there
      shall be a Change in Control (as defined in the Advisory Services Agreement)
      of
      the Company; or

    

    (b)
      the
      Advisory Services Agreement shall be terminated by either party thereto for
      any
      reason whatsoever other than a termination by the Company of the Advisor for
      Cause (as defined in the Advisory Services Agreement) or a termination by the
      Advisor absent a failure of the Company to perform its obligations
      thereunder.

    

    5.3 Termination
      of Vesting.
      Holder
      shall not be entitled to vest in any further rights hereunder following a
      termination of the Advisory Services Agreement by the Company for Cause or
      a
      termination of the Advisory Services Agreement by the Advisor absent a failure
      of the Company to perform its obligations thereunder; however, Holder shall
      retain all rights to acquire Interests as to which Holder has previously
      vested.

    

    

    ARTICLE
      VI

    MISCELLANEOUS

    

    6.1 Nonwaiver.
      No
      course of dealing or any delay or failure to exercise any right, power or remedy
      hereunder on the part of the holder hereof shall operate as a waiver of or
      otherwise prejudice such holder's rights, powers or remedies.

    

    6.2 Holder
      Not a Member.
      Prior
      to the exercise of this Warrant, the Holder shall not be entitled to any of
      the
      rights of a Member including, without limitation, the right as a Member to
      (a)
      vote on or consent to any proposed action of the Company or (b) attend any
      meetings of Members of the Company.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    6.3 Notices.
      Any
      notice, demand or delivery to be made pursuant to the provisions of this Warrant
      shall be sent as provided in Section 11.06 of the LLC Agreement, addressed
      to
      (a) the Holder, c/o Doug Teitelbaum, at 885 Third Avenue, 34th
      Floor,
      New York, New York 10022, or (b) the Company at its principal office, 75 Holly
      Hill Drive, Suite 200, Greenwich, CT 06830, Attention: Frank Cassou, Esq. A
      copy
      of any notice given by Holder to the Company shall simultaneously be given
      by
      the Holder to Weil, Gotshal & Manges LLP, 767 Fifth Avenue, New York, NY
      10153, Attention: Marita A. Makinen, Esq. A copy of any notice given by the
      Company to Holder shall simultaneously be given by the Company to Brownstein
      Hyatt & Farber P.C., 410 17th
      Street,
      22nd
      Floor,
      Denver, Colorado 80202, Attention: Norman Brownstein, Esq. The holder of this
      Warrant and the Company may each designate a different address by notice to
      the
      other pursuant to this Section 6.3.

    

    6.4 Like
      Tenor.
      All
      Warrants shall at all times be identical, except as to the preamble thereof
      and
      hereof.

    

    6.5 Successors
      and Assigns.
      This
      Warrant and the rights evidenced hereby shall inure to the benefit of and be
      binding upon the successors and assigns of the Company and the holder
      hereof.

    

    6.6 Modification
      and Severability.
      If, in
      any action before any court or agency legally empowered to enforce any provision
      contained herein, any provision hereof is found to be unenforceable, then such
      provision shall be deemed modified to the extent necessary to make it
      enforceable by such court or agency. If any such provision is not durable as
      set
      forth in the preceding sentence, the unenforceability of such provision shall
      not affect the other provisions of this Agreement, but this Agreement shall
      be
      construed as if such unenforceable provision had never been contained
      herein.

    

    6.7 Amendment.
      This
      Warrant may not be modified or amended except by written agreement of the
      Company and the holder hereof.

    

    6.8 Headings.
      The
      headings of the Articles and Sections of this Warrant are for the convenience
      of
      reference only and shall not, for any purpose, be deemed a part of this
      Warrant.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    

    6.9 Governing
      Law.
      This
      Warrant shall be governed by the laws of the State of New York.

     

    Dated
      as
      of _______________, 2005.

    

    NEXTWAVE
      WIRELESS LLC

    a
      Delaware limited liability company

    

    By:      

    Name:                     
 
      

    Title:                        
       

    

    ASSIGNMENT
      FORM

    

    (To
      be
      executed only upon the assignment

    of
      the
      within Warrant)

    

    FOR
      VALUE
      RECEIVED, the undersigned registered holder of the within Warrant hereby sells,
      assigns and transfers unto _______________, whose address is
      ________________________ _____________ all of the rights of the undersigned
      under the within Warrant, with respect to Interests of NextWave Wireless, LLC
      (the "Company") and, if such Interests shall not include all the Interests
      issuable as provided in the within Warrant, that a new Warrant of like tenor
      for
      the Interests not being purchased hereunder be issued in the name of and
      delivered to the undersigned, and does hereby irrevocably constitute and appoint
      ___________________ Attorney to register such transfer on the books of the
      Company maintained for the purpose, with full power of substitution in the
      premises.

    

    Dated:     

    

    Signature
      Guaranteed:       By:      

    (Signature
      of Registered Holder)

    

    ________________________________

    By:      

    Title:                        
       

    

    

    
      NOTICE:The
        signature to this Assignment must correspond with the name as written upon
        the
        face of the within Warrant in every particular, without alteration or
        enlargement or any change whatever.

    

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
      	 	 	
              The
                signature to this Assignment must be guaranteed by a commercial bank
                or
                trust company in the United States or a member firm of the New York
                Stock
                Exchange.

            

    

    

    

    

    

    

    

    

    
 

     

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    NOTICE
      OF EXERCISE FORM

    

    (To
      be
      executed only upon partial or full

    exercise
      of the within Warrant)

    

    The
      undersigned registered holder of the within Warrant irrevocably exercises the
      within Warrant for and purchases ____ Interests of NextWave Wireless LLC and
      herewith makes payment therefor in the amount of the Exercise Price, all at
      the
      price and on the terms and conditions specified in the within Warrant, and
      requests that a certificate for the Interests of NextWave Wireless LLC hereby
      purchased be issued in the name of and delivered to (choose one) (a) the
      undersigned or (b) __________________, whose address is ____________________,
      and, if such Interests shall not include all the Interests issuable as provided
      in the within Warrant, that a new Warrant of like tenor for the Interests not
      being purchased hereunder be issued in the name of and delivered to the
      undersigned.

    

    

    Dated:
      ___________, ____

    

    By:______________________________________

    (Signature
      of Registered Holder)

    

    Signature
      Guaranteed:

    

    _______________________

    By:____________________

    [Title:]

    

     

    
      	NOTICE:	 	The signature to this Notice of Exercise must correspond
              with the name as written upon the face of the within Warrant in every
              particular, without alteration or enlargement or any change
              whatever.

      	 	 	 

      	 	 	
              The
                signature to this Notice of Exercise must be guaranteed by a commercial
                bank or trust company in the United States or a member firm of the
                New
                York Stock Exchange.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]