Document:

Transition Services Agreement

 Exhibit 10.2 
 TRANSITION SERVICES AGREEMENT 
 TRANSITION SERVICES AGREEMENT made as of
January 20, 2006, between LTD Holding Company, a Delaware corporation (“Provider”) and Sprint Nextel Corporation, a Kansas corporation (“Receiver”). 
 A. Provider is currently a subsidiary of Receiver, and Receiver intends to spin off Provider by distributing all of Provider’s common stock to
Receiver’s stockholders as a dividend (the “Spin Off”). Before the distribution date, Provider intends to enter into a separation and distribution agreement with Receiver containing the key provisions
relating to the Spin Off (the “Distribution Agreement”). 
 B. In connection with the Spin Off,
Provider will provide, or cause to be provided, to Receiver and its subsidiaries, for the consideration specified in this Agreement, certain services on the terms and conditions described in this Agreement, in order to ensure an orderly transition
in implementing the Spin Off. 
 C. Provider and Receiver are entering into a second transition services agreement substantially similar to
this Agreement under which Provider is receiving Services and Receiver is providing Services. 
 In consideration of the mutual terms and
conditions of this Agreement, the parties agree as follows: 
 1. General 
 (a) Services. Provider will provide, or cause to be provided, certain services (“Services”) to Receiver and
its subsidiaries on a non-exclusive basis under the terms and conditions of this agreement and the exhibits hereto (“TSA Exhibits”) (this agreement and all attached TSA Exhibits are collectively referred to as
the “Agreement”). The terms and conditions of this Agreement control if there is any conflict or inconsistency between the terms and conditions of a TSA Exhibit and the terms and conditions of this Agreement
(excluding for this purpose the TSA Exhibits). 
 (b) Performance. Provider will perform all Services in accordance with the terms and
conditions of this Agreement, including, without limitation, the requirements, order of performance and delivery dates specified in each TSA Exhibit. Provider must devote the time, effort and resources to the performance of the Services as are
necessary to accomplish the tasks as specified in the TSA Exhibits. Provider may call on the expertise or assistance of its subsidiaries, affiliates, subcontractors or consultants in the performance of the Services. Provider may use subcontractors
or consultants to provide the Services if Provider uses them to provide similar services to its own organization; provided, however, that Provider will at all times remain responsible for the fulfillment of its obligations under this Agreement,
notwithstanding the performance of the obligations by another person. Provider will discontinue 

 
the use of subcontractors or consultants providing a Service promptly at the written request of Receiver, and thereafter Provider will have no further
obligation to provide the Service that the subcontractor or consultant was providing, subject to any transition period agreed to by the parties. Receiver will be responsible for the portion of any early termination or similar fees that are payable
by Provider to a subcontractor or consultant in respect of Services provided by the subcontractor or consultant that are terminated at the request of Receiver. 
 (c) Omitted Services. If, within 90 days after the date of this Agreement, Receiver identifies a Service that Provider provided in connection with Receiver’s business before the date of this Agreement but
which was omitted from the Services originally set forth on the TSA Exhibits (an “Omitted Service”), Receiver may, within such 90-day period, request in writing that Provider provide the Omitted Service. The
request must set out in reasonable detail the Omitted Service requested. Provider will, within a reasonable time period after receiving the request, prepare and distribute to Receiver a draft TSA Exhibit in respect of the Omitted Service. The
parties will cooperate and act in good faith in negotiating the TSA Exhibit, and upon execution of the TSA Exhibit, the Omitted Service will be added to and considered as part of the Services. 
 (d) Additional Services. From time to time after the date hereof, Receiver may identify additional services that were not provided by Provider
before the date of this Agreement in connection with Receiver’s business but which Receiver nevertheless desires for Provider to provide to Receiver (“Additional Services”). In such event, Receiver may
request in writing that Provider provide the Additional Services. The request must set out in reasonable detail the Additional Services being requested. Within a reasonable time period after receiving the request, Provider will either prepare and
distribute to Receiver a draft TSA Exhibit in respect of the Additional Services or deliver a notice to Receiver indicating Provider’s reasons for declining to provide the Additional Services. In all cases, Provider will cooperate with Receiver
and act in good faith in determining whether, and on what terms, Provider will provide the Additional Services. The foregoing notwithstanding, Provider will have no obligation to agree to execute a TSA Exhibit to provide Additional Services. On
execution of a TSA Exhibit for Additional Services, the Additional Services will be added to and considered as part of the Services. 
 (e)
Modification of Services. 
 (i) Provider may make changes from time to time in the manner of performing any Service to Receiver if
(1) Provider is making similar changes in performing analogous services for itself, (2) Provider furnishes to Receiver substantially the same notice (in content and timing) as Provider must furnish to its own organization respecting the
changes and (3) no unreasonable amount of work or development is required by Receiver, as determined in Receiver’s reasonable judgment, to accept the changes. No change may increase the charges for the applicable Service. 
 (ii) Provider may, in situations not governed by Section 1(e)(i), request the consent of Receiver to the modification of any Service by
sending to Receiver a proposed TSA Exhibit for the revised Service. Receiver must provide any objections to the requested modification within 20 days of receipt of the proposed TSA Exhibit. The parties must cooperate and act in good faith in
negotiating the TSA Exhibit. Notwithstanding the foregoing, Receiver is not obligated to agree to accept the modified TSA Exhibit. 
  

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 (f) Third Party Software Licenses. Receiver acknowledges that the parties have attempted to
identify in the applicable TSA Exhibits any software licensed to Provider by third parties that is required to provide the Services and any amounts payable in order to permit Provider to use such software to provide the Services to Receiver. The
foregoing notwithstanding, if any third party software that is required to provide the Services is not identified in the applicable TSA Exhibit, or the amount of any consideration payable in order to permit Provider to use the software to provide
the Services is not accurately reflected in the applicable TSA Exhibit, then Provider will provide Receiver with 15 days prior written notice of any additional consideration payable to the licensor of the software. Receiver will then have the option
to (i) procure its own license to the software at its own expense or (ii) authorize Provider to incur the required additional consideration on its behalf and at Receiver’s expense. If Receiver does not agree to either (i) or
(ii) above, Provider will not be required to provide the Services for which the third party licenses are required. 
 2. Compensation
and Billing 
 (a) Invoices. The charges for the Services are set out in the applicable TSA Exhibits. Provider must submit in
writing to Receiver, no more than once per month, a single invoice covering all amounts payable for the Services rendered during the billing period covered by the invoice. The invoices will contain a detailed description of the Services rendered
during the previous month, the charges payable by Receiver in respect of these Services and the method used to calculate the invoiced amounts. Receiver will pay all invoiced charges (including disputed charges) in full promptly on receipt of each
invoice, but in no event later than 45 days after receipt of the invoice. Receiver will give Provider written notice of any disputed charges within 90 days of the due date for payment of the disputed charges, along with a detailed description of the
nature of the dispute. If Receiver fails to dispute a charge within 90 days of the original payment due date, Receiver will waive its right to dispute the charge. Provider will notify Receiver of its determination regarding disputed charges within
30 days after receipt of the applicable dispute notice and description from Receiver, and will credit Receiver’s account, if appropriate, within the 30-day period. Any dispute under this Section 2(a) will be resolved in accordance with the
dispute resolution provisions of Section 5. 
 (b) Non-Income Taxes. In addition to the charges for Services, Receiver must pay
Provider an amount equal to all Non-Income Taxes incurred in connection with the provision of Services. Notwithstanding the foregoing, each party is also responsible for (i) Taxes chargeable or assessed with respect to its own employees or
agents and (ii) all real and personal property Taxes imposed on software and equipment it owns, except in the case of both (i) and (ii) to the extent such employees or such property is devoted to providing Services to Receiver. The
Receiver will advise the Provider if it determines that any Services are exempt from taxation and the parties will use reasonable efforts to mitigate any applicable Taxes. For purposes of this Agreement, “Non-Income
Taxes” shall mean all Taxes except income and franchise Taxes, and “Tax” shall mean all forms of taxation or duties imposed, or required to be collected or withheld, including charges, together with any
related interest, penalties or other additional amounts. 
  

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 (c) Expense Reimbursement. Except to the extent otherwise provided in the TSA Exhibits, Receiver
will reimburse Provider for all reasonable expenses for travel, meals and lodging incurred by Provider directly in the performance of its obligations under this Agreement. In the event that a portion of such expenses were incurred in connection with
activities unrelated to Provider’s delivery of the Services, Provider will make a good faith estimate as to the portion of the expenses attributable to other activities and will bill Receiver only for the portion of the expenses attributable to
its provision of the Services. The charges for which reimbursement is sought must be in compliance with Provider’s employee expense policies. Expenses will be charged at cost with no mark-up. Provider will maintain documentation of expenses
incurred and retain copies of invoices or receipts for expenses in accordance with its established expense policy. Provider will make copies of all documentation and receipts that it retains available to Receiver upon request. Provider will bill
Receiver monthly for expenses as they accrue. The parties may specify any additional limitations or other requirements related to the reimbursement of expenses in the applicable TSA Exhibit. It is acknowledged and agreed that if Provider is
reasonably required to incur expenses beyond the limitations set forth in a TSA Exhibit in order to provide the Services, then Provider will be excused from performing the Services until the expense limitation is removed or changed as mutually
agreed by the parties; provided that Provider will give Receiver reasonable notice of the need to exceed any such limitation prior to suspension of any of the Services. It is further acknowledged and agreed that each party will bear its own employee
severance costs and that Provider will not include any employee severance costs in its charges to Receiver for any of the Services under this Agreement. 
 (d) Records. Provider will maintain complete and accurate records to substantiate all of Provider’s charges billed under this Agreement. Unless otherwise specified in the applicable TSA Exhibit, Provider
will retain such records for a period at least as long as the period for which Provider maintains comparable records for its own account, which period must be at least as long as may be required by law. Receiver and its authorized agents, subject to
obligations of confidentiality as set forth in this Agreement or as otherwise provided by law, will be allowed access to the records on prior written request during normal business hours during the term of this Agreement and during the respective
periods in that Provider is required to maintain the records under this Section 2(c). Access to the records will be made at the location where the records are normally maintained. 
 (e) Other Restrictions on Pricing. Notwithstanding anything in this Agreement to the contrary, it is the intent of the parties that (1) in
the case of Services provided under an agreement contained in a TSA Exhibit, the term of which is two years or less, and which agreement cannot be or is not intended (at the time of the Distribution (as defined in the Distribution Agreement)) to be
extended beyond that maximum two year period, or in the case of any extension of any such agreement that does not extend (and is not then intended to be extended) beyond that maximum two year period, the compensation for the applicable Services will
not be less than the actual cost of providing those Services; and (2) in the case of Services provided under all other agreements (including the period covering the extension of an agreement referred to in clause (1) beyond the applicable
two year period), the compensation for any Services will be determined on an arm’s-length basis consistent with the price that would be charged between unrelated parties. 
  

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 3. Term 
 (a) Term. This Agreement will become effective as of the Distribution Date (as defined in the Distribution Agreement) (the “Effective Date”). Subject to
Section 15 hereof, Provider’s obligations to provide the respective Services covered by this Agreement will terminate on the respective dates specified in the TSA Exhibit related to the Service. If no termination date is specified
in a TSA Exhibit, then Provider’s obligations to provide the respective Services covered by this Agreement will terminate on the 12-month anniversary of the Effective Date (the “Termination Date”), or such
earlier date as may be mutually agreed to by the parties. This Agreement may not be renewed or extended except as set forth below in Section 3(b). 
 (b) Extension. Receiver may, on written notice to Provider delivered at least 30 days before the scheduled expiration of a TSA Exhibit, extend, one time only, the term of the TSA Exhibit by no more than 180
days. 
 (c) Pricing Adjustments. If the term of a TSA Exhibit is extended pursuant to Section 3(b) beyond the second anniversary
of the Effective Date, the parties will negotiate in good faith to adjust the pricing for the applicable Service provided under the TSA Exhibit to a mutually agreed upon market based price, and such new pricing will become effective upon the
effective date of the extension. 
 4. Confidential Information 
 (a) General. Except with the prior consent of the disclosing party, each party must: (i) limit access to the Confidential Information to its
employees, agents, representatives, subcontractors and consultants who have a need-to-know; (ii) advise its employees, agents, representatives, subcontractors and consultants having access to the Confidential Information of the proprietary
nature thereof and of the obligations set forth in this Agreement; and (iii) safeguard the Confidential Information by using a reasonable degree of care to prevent disclosure of the Confidential Information to third parties, but at least that
degree of care used by that party in safeguarding its own similar information or material. These confidentiality obligations do not apply to the extent that (a) the information is in the public domain through no fault of the non-disclosing
party, (b) the information has been disclosed by the disclosing party to third parties without similar confidentiality obligations attached to the disclosure or (c) the disclosure of the information is required by judicial or
administrative process or by law and the party has used commercially reasonable efforts to allow the disclosing party to intervene before the disclosure. “Confidential Information” means any information marked,
noticed, or treated as confidential by a party that the party holds in confidence, including all trade secret, technical, business, or other information, including customer or client information, however communicated or disclosed, relating to past,
present and future research, development and business activities. 
 (b) Customer Proprietary Network Information. With regard to
Customer Proprietary Network Information, each party must: (i) implement a program that trains associates with access to the CPNI of the other party to avoid accessing or using CPNI of the other party; (ii) where economically reasonable,
implement a conspicuous on-screen and hard-copy scripting program to remind associates with access to CPNI of the other party of their contractual and 

  

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legal compliance obligations; (iii) avoid using CPNI of the other party for marketing purposes; (iv) protect CPNI of the other party from
distribution to other parties who are not engaged in assisting the owner of the CPNI in providing service to the owner’s customers; (v) contractually obligate its third party subcontractors to abide by obligations that are at least as
stringent as those enumerated in this Section 4(b) when they have access to the CPNI of the other party; (vi) implement an audit program to assure compliance with CPNI protection commitments and obligations; (vii) report
breaches of the obligations to protect CPNI of the other party to the other party within 15 days of discovery of such breach; and (viii) administer a disciplinary program that treats associates who violate the CPNI obligations to the other
party in the same manner as associates who fail to adequately protect the CPNI of their employer. “Customer Proprietary Network Information” (or “CPNI”) means customer
information as defined in Section 222 of the Telecommunications Act of 1996 and 47 C.F.R. Section 64.2001-64.2009. 
 (c)
Carrier Proprietary Information. With regard to Carrier Proprietary Information, each party must only use CPI of the other party in connection with the specific services being provided to the other party, in support of that party’s
provision of services to a third party, pursuant to a TSA Exhibit and must: (i) implement a program that trains associates with access to the CPI of the other party to avoid accessing or using CPI of the other party for competitive purposes,
either retail or wholesale; (ii) where economically reasonable, implement a conspicuous on-screen and hard-copy scripting program to remind associates with access to CPI of the other party of their contractual and legal compliance obligations;
(iii) protect CPI of the other party from distribution to other parties who are engaged in assisting the owner of the CPI in providing service to the owner’s customers; (iv) contractually obligate its third party subcontractors to
abide by obligations that are at least as stringent as those enumerated in this Section 4(c) when they have access to the CPI of the other party; (v) implement an audit program to assure compliance with CPI protection commitments
and obligations; (vi) report breaches of the obligations to protect CPI of the other party to the other party within 15 days of discovery of such breach; and (vii) administer a disciplinary program that treats associates who violate the
CPI obligations to the other party in the same manner as associates who fail to adequately protect the CPI of their employer from inappropriate use of disclosure. “Carrier Proprietary Information” (or
“CPI”) means carrier information protected by Section 222 of the Telecommunications Act of 1996. 
 (d)
Sensitive Information. 
 (i) Each party agrees to comply with, and to cause each of its respective Plans, affiliates, agents,
contractors and subcontractors to comply with, all applicable laws (including, without limitation, HIPAA) governing the collection, accessibility, use, maintenance, disclosure, protection or transmission of Sensitive Information and all other
obligations under in this Section 4(d). “Covered Person” means any employee, agent, subcontractor, customer or participant in (or beneficiary of) any Plan, or any affiliate of any of the foregoing,
of Provider or Receiver, as the case may be. “Sensitive Information” means any information of a personal or confidential nature regarding any Covered Person, regardless of how or from whom such information is
received. Sensitive Information includes, without limitation, names, addresses, telephone numbers, e-mail addresses, social security numbers, credit card numbers, account information, credit information, demographic information and “protected

  

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health information” (as defined in Health Insurance Portability and Accountability Act of 1996 (“HIPAA”))
(“PHI”), whether written, oral or electronic, and includes all past, present and future health information maintained or transmitted by a Plan that individually identifies a Plan participant.
“Plan” means any “welfare benefit plan” (as defined in the Employee Retirement Income Security Act of 1974 (“ERISA”)) maintained for the benefit of, or relating
to, any employee of Provider or Receiver. For purposes of this Section 4(d) only, each of the Plans will be deemed to be a party to this Agreement. 
 (ii) Without limiting the foregoing paragraph, neither party will collect, access, use, maintain, disclose or transmit any Sensitive Information unless required to do so in order to provide or receive the Services,
and in such case (1) each party will collect, access, use, maintain, and disclose only the minimum Sensitive Information necessary to provide or receive the Services, and if a party must disclose Sensitive Information to a third party in order
to provide Services, Provider must first obtain from that third party a written agreement that binds that third party to the obligations in this Section 4(d), or to obligations that are as or more stringent the ones in this
Section 4(d). 
 (iii) In addition to the requirements enumerated above, each party must use and disclose PHI only as authorized
under HIPAA and as described herein. Each party that possesses or controls the other party’s PHI (the “controlling party”), which is in a designated record set must (1) provide an individual
participant of the other party’s Plan with access, as reasonably directed by such Plan, to such individual’s PHI (to meet the requirements of 45 CFR § 164.524), and then (2) amend such individual’s PHI that such Plan
reasonably directs (under 45 CFR § 164.526), at such Plan’s or individual Plan participant’s request, and in the time and manner reasonably designated by such Plan. 
 (iv) The controlling party must make PHI available in the format that the other party’s individual Plan participant requests. If the controlling
party cannot readily produce the requested PHI in the requested format, that party must produce it in hard-copy format. The party that possesses or controls the PHI may charge the requesting individual a reasonable cost-based fee for copying,
postage and preparing an explanation or summary (as permitted by 45 CFR § 164.524). A controlling party must notify the other party’s Plan of any such Plan participant’s requests that the controlling party receives about PHI that
extends beyond information that the controlling party (or a subcontractor, agent or affiliate of a party) controls or maintains in a designated record set, to enable the other party’s Plan to coordinate access to the requested information.
Neither party that possesses or controls PHI may coordinate access to PHI that business associates of the other party’s Plans maintain. 
 (v) Each party must (i) document any disclosures of the other party’s PHI, and information related to those disclosures, to enable such other party’s Plan to respond to a Plan participant’s request for an accounting of
disclosures of PHI (as 45 CFR § 164.528 requires), and (ii) provide to the Plan, in a time and manner that the Plan reasonably designates, information collected in accordance with the foregoing clause, to permit in turn the Plan to respond
to an individual’s request for an accounting of PHI disclosures (in accordance with 45 CFR § 164.528). 
  

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 (vi) Each party must comply with the other party’s Plan’s notice of privacy practices when
handling PHI. This means that each party’s (the “former party’s”) Plan must notify the other party (the “latter party”) if: 
 (A) any of the former party’s Plan participants change or revoke an authorization to use or disclose PHI, to the extent that those changes may
affect the latter party’s use or disclosure of PHI; 
 (B) the former Plan restricts the use or disclosure of PHI to which the Plan has
agreed (in accordance with 45 CFR § 164.522), but only if that restriction affects the party’s use or disclosure of PHI; or 
 (C)
the former party changes the individuals or classes of individuals that are authorized to receive PHI on behalf of the Plan and/or that party. 
 (vii) Each party must use at least commercially reasonable standards in employing administrative, physical and technical safeguards to (a) prevent unauthorized collection, access, disclosure or use of Sensitive Information (unless a
higher standard is specified in this Agreement or by law; (b) safeguard Sensitive Information in any form or media, whether “at rest” or in transport; and (c) unless this Agreement specifies otherwise, ensure that Sensitive
Information remain unaltered and fully available (collectively, the “Safeguards”). Safeguards include, without limitation, security measures that protect the confidentiality, integrity and availability of
electronic PHI, as required by HIPAA. 
 (A) Each party must ensure that only its employees, representatives, agents, contractors and
subcontractors who have a need to know, use, and disclose Sensitive Information may access it, and only to the extent necessary for the party to fulfill its obligations under the Agreement, and that all such persons comply with the obligations in
this Section 4(d). 
 (viii) Each party and its authorized representative(s) may at any time, upon reasonable notice, audit the
other party’s performance of its obligations under this Section 4(d). The audited party must promptly grant the other party and its representative(s) full and complete access, during normal business hours, to the audited
party’s facilities, books, records, procedures, and information that relate to the Safeguards and its obligations under this Section 4(d). If any audit reveals that a party has materially failed to perform any of its obligations
under this Section 4(d), then, without limiting any other rights or remedies of the auditing party (at law or under this Agreement), the auditing party may notify the audited party of its failure to perform such obligations, then proceed
with the remainder of its audit rights in this Section 4(d). Upon receiving written notice of such failure to perform, the audited party must promptly develop a corrective action plan. In developing that plan, the audited party must
cooperate with the audited to develop the plan, if the auditing in turn chooses to participate in such development. The auditing party has the right to accept or reject such plan, but it may not unreasonably reject it. Following approval, the
audited party must promptly pay for and implement the corrective action plan, provided that implementation costs are reasonable. Each party must make available to the Department of Health and Human Services
(“HHS”) the internal practices, books and records, including policies and procedures, relating to the use and disclosure of the other party’s PHI, in a time and manner that such other party’s Plan or
HHS reasonably designates, to enable the Plan or HHS to determine compliance with HIPAA. 
  

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 (ix) Each party must immediately notify, in writing, the party that owns the Sensitive Information, if
the former party becomes aware of any access, use, or disclosure of Sensitive Information that this Agreement does not permit, and any breach of the Safeguards, including, but not limited to, a Security Incident (as defined by HIPAA). Without
limiting any other rights in this Agreement, each party that possesses or controls the other party’s Sensitive Information must (1) assist the party that owns such Sensitive Information (and/or its agents) investigate and remedy such a
breach, and any dispute, inquiry or claim that concerns such a breach, and (2) mitigate the consequent effects of such breach, if practicable. 
 (x) Upon the written request of a party that owns Sensitive Information, each party that possesses or controls such Sensitive Information must deliver to the requesting party—or destroy and certify to the
requesting party the destruction of—any or all Sensitive Information (including copies) that the possessing party, its subcontractors, and its agents possess. But if a party that possesses or controls such Sensitive Information reasonably
determines that returning or destroying the Sensitive Information is not feasible (e.g., because it is still providing Services for the other party under this Agreement), then that party must notify the requesting party of the conditions that do not
make return or destruction feasible. Both parties must then cooperate in good faith to establish a mutually agreeable schedule to return or destroy the information in question. Regardless of the foregoing, any party that possesses or controls PHI
may not destroy it until such party maintains it for the minimum period that HIPAA requires, unless the party that owns the PHI agrees to such destruction. 
 (xi) Where the law compels disclosure of the other party’s Sensitive Information, the disclosing party must (a) notify the party that owns the Sensitive Information before, or as soon as practicable after,
disclosing the Sensitive Information. This will enable the other party, if it chooses, to seek a protective order or take other action to prevent or limit such disclosure, and (b) cooperate with the party that owns the Sensitive Information to
obtain a protective order or other reasonable assurance to ensure that the Sensitive Information in question is held in confidence. 
 5.
Dispute Resolution 
 (a) General. Except as provided in Section 5(d) below, any controversy or claim arising out of
or relating to this Agreement, or the breach thereof, must first be attempted to be settled by good faith efforts of the parties to reach mutual agreement, and second, if mutual agreement is not reached to resolve the dispute, by final, binding
arbitration as set out in Section 5(c) below. 
 (b) Initial Resolution. Subject to Section 5(e), a party that wishes
to initiate the dispute resolution process must send written notice to the other party with a summary of the controversy and a request to initiate these dispute resolution procedures. On receipt of the notice, the parties will first seek agreement
through discussions among the directors specified in the applicable TSA Exhibit for a minimum of 10 days. If no agreement is reached by the directors during that period, the parties will continue to seek agreement through discussions 
  

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among the vice presidents of the relevant operating divisions of each Company (or such other persons as specified in the applicable TSA Exhibit) for a
minimum of 15 days. If no agreement is reached by the vice presidents during that period, the parties will continue to seek agreement through discussions among individuals of each company at the Chief Operation Officer level or higher for a minimum
of 15 days. The individuals specified above may utilize other alternative dispute resolution procedures to assist in the negotiations to the extent mutually agreed to between such persons. 
 (c) Arbitration. If a dispute has not been resolved by the parties following exhaustion of the procedures set forth in Section 5(b),
the parties will apply the dispute resolution procedures set forth in Article 7 (other than Section 7.01) of the Distribution Agreement. 
 (d) Injunctive Relief. The foregoing notwithstanding, each party will have the right to seek injunctive relief in any court of competent jurisdiction with respect to any alleged breach by the other party of
Section 4 hereof or any agreement regarding the protection of confidential information contained in any TSA Exhibit. Such remedy will not be exclusive and will be in addition to any other remedy that a party may have as a result of any
such breach. 
 (e) Materiality Threshold. With respect to disputes for charges under any TSA Exhibit, no dispute may be initiated by
a party pursuant to this Section 5 unless the amount in dispute is at least $1,000 in regard to any individual TSA Exhibit or at least $10,000 in the aggregate (calculated on a monthly basis). 
 6. Relationship of Parties 
 (a)
Independent Contractors. Provider is an independent contractor in the performance of its obligations under this Agreement and has no authority to bind Receiver or its affiliates with respect to third parties. 
 (b) No Performance. Neither party undertakes by this Agreement or any TSA Exhibit to conduct the business or operations of the other party.
Nothing contained in this Agreement or any TSA Exhibit is intended to give rise to a partnership or joint venture between the parties or to impose on the parties any of the duties or responsibilities of partners or joint ventures. 
 7. Force Majeure 
 Neither party will
be in default of its obligations under this Agreement for any delays or failure in performance resulting from any cause or circumstance beyond the party’s reasonable control as long as the non-performing party exercises commercially reasonable
efforts to perform its obligations in a timely manner. If Provider incurs travel, meals or lodging expenses in order to provide Services in a force majeure situation and such expenses exceed the expense authorization limits in
Section 2(c) but are otherwise reasonable in light of the circumstances, Provider will not be required to obtain prior approval of such expenses in order to obtain reimbursement for such expenses from Receiver. If any such
occurrence prevents Provider from providing any of the Services, Provider must cooperate with Receiver in obtaining, at Receiver’s 
  

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 sole expense, an alternative source for the affected Services, and Receiver is released from any payment obligation to
Provider with respect to the Services during the period of the force majeure. If a force majeure condition continues to prevent a party from performing for more than 60 consecutive days, then the other party may terminate the applicable TSA Exhibit.

 8. Indemnification 
 (a) Indemnification by Provider. Provider will indemnify, defend and hold harmless Receiver and each member of Receiver’s Group (as defined in the Distribution Agreement), and each of their respective directors, officers, agents
and employees, and each of the heirs, executors, successors and assigns of any of the foregoing (each, a “Receiver Indemnitee”), from and against all claims, damages, losses, liabilities, costs, expenses,
reasonable attorney’s fees, and court or arbitration costs (“Losses”) arising out of a claim by a third party against a Receiver Indemnitee to the extent resulting from or alleged to have resulted from any act or
omission of Provider under or related to this Agreement. 
 (b) Indemnification by Receiver. Receiver will indemnify, defend and hold
harmless Provider and each member of Provider’s Group, and each of their respective directors, officers, agents and employees, and each of the heirs, executors, successors and assigns of any of the foregoing (each, a “Provider
Indemnitee”), from and against all Losses arising out of a claim by a third party against a Provider Indemnitee to the extent resulting from or alleged to have resulted from any act or omission of Receiver under or related to
this Agreement. 
 (c) Intellectual Property Indemnification. Provider will indemnify and defend the Receiver from and against all
Losses arising out of any claim by a third party that the deliverables under a TSA Exhibit and any resulting use or sale of any deliverables constitutes an infringement of any patent, trademark or copyright or the misappropriation of any trade
secret. Provider’s obligations under this Section 8(c) will not apply to the extent that the infringement or violation is caused by: 
 (i) modification to a deliverable by Receiver if the modification was not reasonably contemplated by the parties and the infringement or violation would not have occurred but for that modification; 
 (ii) the combination of a deliverable by Receiver with other third party products if the combination was not reasonably contemplated by the parties and
the infringement or violation would not have occurred but for that combination; 
 (iii) detailed specifications (e.g. specifying lines of
code, as opposed to mere functional specifications for which Receiver is not responsible) that were provided by or requested by Receiver, if the infringement or violation would not have occurred but for those detailed product specifications; or

 (iv) Receiver’s continued use of infringing software after Provider provides Receiver with reasonable advance written notice of the
infringement and provides non-infringing replacement software to Receiver at no charge. 
  

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 (d) Indemnification Procedures. Any claim for indemnification under this Section 8
will be subject to, and made in accordance with, Sections 6.04 (Indemnification Obligations Net of Insurance Proceeds) and 6.05 (Procedures for Indemnification of Third Party Claims) of the Distribution Agreement (with such changes in
points of detail as may be necessary to apply such provisions to this Agreement). 
 9. Limitation of Liability 
 (a) General. Provider will perform services for Receiver under this Agreement in substantially the same way and with substantially the same service
levels as Provider performs comparable services for itself. If Provider uses a third-party to provide goods or services to itself, Provider will use commercially reasonable efforts to procure the goods or services for the benefit of Provider such
that they are provided to Receiver in substantially the same way and with substantially the same service levels as they are provided to Provider. Except as otherwise stated in this Agreement, or otherwise agreed to in a TSA Exhibit, Provider makes
no warranties, express or implied, in connection with any goods or services provided to Receiver under this Agreement. 
 (b) Direct
Damages. In no event will a party’s aggregate liability for direct damages under this Agreement, including under subsection (a) above, exceed $10 million, except that this limitation on liability will not apply to any damages resulting
from: 
 (i) Losses for which a party has an obligation of indemnity under this Agreement; 
 (ii) damages resulting from any act or omission of a party that constitutes gross negligence, willful misconduct or fraud; or 
 (iii) damages resulting from any breach of Section 4 or Section 8 of this Agreement by a party. 
 (c) Consequential Damages. Neither party will be liable to the other for consequential, indirect or punitive damages for any cause of action,
whether in contract, tort or otherwise, except for: 
 (i) Losses for which a party has an obligation of indemnity under this Agreement;

 (ii) damages resulting from any breach of Section 4 of this Agreement by a party; or 
 (iii) reasonable attorney’s fees incurred in order to enforce the other party’s obligations under Section 8 of this
Agreement. 
 Consequential damages include, but are not limited to, lost profits, lost revenue, and lost business opportunities, whether the
other party was or should have been aware of the possibility of these damages. 
  

 - 12 - 

 10. Assignment 
 This Agreement is binding on, and inures to the benefit of, the parties and their respective successors, legal representatives and permitted assigns in accordance with this Section 10. Except as otherwise
provided in Section 1(b), no assignment of this Agreement or of any rights or obligations under this Agreement, in whole or in part, may be made by either party without the prior written consent of the other party, except that either
party may assign its rights or delegate its duties to a controlled subsidiary of the party, or to a successor entity that results from a merger, acquisition or sale of all or substantially all of the party’s assets. Such a delegation does not
relieve the delegating party of its obligations under this Agreement. Any attempted assignment without the required consent is void. 
 11.
Compliance with Laws 
 Provider and Receiver must each comply with the provisions of all applicable federal, state, and local laws,
ordinances, regulations and codes (including procurement of required permits or certificates) in fulfillment of their obligations under this Agreement. 
 12. Mutual Cooperation; SOX Access 
 (a) Mutual Cooperation. The parties agree that the purpose
of this Agreement is to ensure an orderly transition upon the occurrence of the events contemplated by the Distribution Agreement, while maintaining the ongoing operations of the Receiver in a manner consistent with its operations prior to the
implementation of the Distribution Agreement and as required to conform to the operations as described in the Form 10 filing with the Securities and Exchange Commission. The parties and their respective subsidiaries, affiliates, subcontractors and
consultants providing or receiving services under this Agreement must cooperate with each other in connection with the performance of the Services under this Agreement, including producing on a timely basis all Confidential Information that is
reasonably requested with respect to the performance of Services and the transition of Services at the end of the term of this Agreement, except that the cooperation must not unreasonably disrupt the normal operations of the parties and their
respective subsidiaries and affiliates. 
 (b) SOX Access. 
 (i) If requested by Receiver, Provider will permit Receiver reasonable access, upon reasonable advance notice, to Provider’s books, records,
accountants, accountants’ work papers, personnel and facilities for the purpose of Receiver’s testing and verification of the effectiveness of Provider’s controls with respect to the Services as is reasonably necessary to enable the
management of Receiver to comply with its obligations under §404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations of the Securities and Exchange Commission promulgated thereunder (collectively, “SOX
§404”) and to enable Receiver’s independent public accounting firm to attest to and report on the assessment of the management of Receiver in accordance with SOX §404 and Auditing Standard No. 2, as adopted by
the Public Company Accounting Oversight Board (“Auditing Standard No. 2”), or as required by Receiver’s external auditors. In lieu of providing such access, Provider may, in its sole discretion,
instead furnish Receiver with a type II SAS 70 report. Provider is not required to furnish Receiver access to any information other than information that relates specifically to the Services. 
  

 - 13 - 

 (ii) Without limiting the generality of, and in order to give effect to, the foregoing provisions of
Section 12(b)(i): 
 (A) the Parties will cooperate, prior to the Distribution Date and from time to time thereafter, to identify the
significant processes of Receiver for purposes of Auditing Standard No. 2 and used by Provider in connection with the provision of the Services to Receiver under this Agreement; 
 (B) Provider will develop and maintain comprehensive procedures to adequately test, evaluate and document the design and effectiveness of its controls
over its significant processes; 
 (C) in the event any deficiencies are found as a result of the testing, Provider and Receiver will
cooperate in good faith to develop and implement commercially reasonable action plans and timetables to remedy such deficiencies and/or implement adequate compensating controls; 
 (D) in connection with providing the access contemplated by Section 12(b)(i), Provider will cooperate and assist Receiver’s auditors in
performing any process walkthroughs and process testing that such auditor may reasonably request of the significant processes; and 
 (E) in
the event that Sections 12(b)(ii)(A)-(D) do not reasonably enable Receiver to comply with its obligations under SOX §404 and enable Receiver’s registered public accounting firm to attest to and report on the assessment by the
management of Receiver in accordance with SOX §404 and Auditing Standard No. 2, then upon reasonable notice, Receiver will be permitted to conduct, at its own expense, an independent audit of Provider’s controls with respect to the
Services solely to the extent necessary to accomplish such purpose or purposes. 
 13. Permits 
 Unless otherwise specifically provided for in this Agreement, Provider must obtain and keep in full force and effect, at its expense, any permits,
licenses, consents, approvals and authorizations (“Permits”) necessary for and incident to the performance and completion of the Services. Notwithstanding the foregoing, Receiver must obtain and keep in full force and effect,
at its expense, any Permits related to its facilities and the conduct of its business. 
 14. Trademarks, Tradenames and Other
Intellectual Property 
 Nothing in this Agreement or any TSA Exhibit gives authority to one party to use the name, trademarks, service
marks, trade names or domain names of the other party for any purpose whatsoever. Nothing in this Agreement or any TSA Exhibit will be deemed to grant to either party any right or license under any intellectual property of the other party unless the
right or license is expressly granted herein or therein. 
  

 - 14 - 

 15. Termination 
 (a) Termination for Breach. Either party may terminate or cancel any TSA Exhibit for a material breach or default of any of the terms, conditions or covenants of this Agreement or such TSA Exhibit by the other
party, except that the termination or cancellation may be made only after the expiration of a 30 day period during which the breaching party has failed to cure the breach after having been given written notice thereof and the dispute resolution
procedures in Section 5(b) have been exhausted (“Cure Period”). In that event, the non-breaching party may terminate by giving 10 days written notice of termination to the other party after the
expiration of the Cure Period. 
 (b) Termination for Convenience. Receiver may terminate this Agreement or any TSA Exhibit during the
term of this Agreement for convenience on at least 60 days prior written notice to Provider. If Receiver initiates a termination pursuant to this Section 15(b) before the end of the applicable term, Receiver must reimburse Provider for
all Receiver-approved, third party costs that have been incurred by Provider after the execution of this Agreement as a direct result of Provider’s provision of Services under this Agreement, provided that Receiver will be entitled to any
right, license or title related to any the equipment or software to the extent Provider has the ability to convey the right, license or title. 
 16. Notice 
 Unless otherwise set forth in a TSA Exhibit with respect to the TSA Exhibit, all notices or other communications
under this Agreement must be in writing and the parties deem them to be duly given (i) when delivered in person, (ii) on transmission via confirmed facsimile transmission, except the transmission is followed by delivery of a physical copy
thereof in person, via U.S. first class mail, or via a private express mail courier, or (iii) two days after deposit with a private express mail courier, in any case addressed as follows: 
 To Provider: 
 LTD Holding Company

 5454 W. 110th Street 
 Overland Park, Kansas 
 Fax:___________________________ 
 Attention:______________________ 
 To
Receiver: 
 Sprint Nextel Corporation 
 2001 Edmund Halley Drive 
 Reston, Virginia 20191 
 Fax:___________________________ 
 Attention:______________________ 
  

 - 15 - 

 Any party may, by notice to the other party, change the address or individuals to which the notices are
to be given. 
 17. Amendment; Waiver 
 This Agreement may be amended or supplemented at any time only by written instrument duly executed by each party hereto. Any of the terms or conditions of this Agreement may be waived at any time by the party entitled
to the benefit thereof but only by a written instrument signed by the party waiving the terms or conditions. The waiver of any provision is effective only in the specific instance and for the particular purpose for which it was given. No failure to
exercise and no delay in exercising, any right or power under this Agreement will operate as a waiver thereof. 
 18. Severability

 Where any provision of this Agreement is declared invalid, illegal, void or unenforceable, or any changes or modifications are required by
regulatory or judicial action, and any such invalid, illegal, void or unenforceable provision, or such change or modification, substantially affects any material obligation of a party hereto, the remaining provisions of this Agreement will remain in
effect and the parties must mutually agree on a course of action with respect to the invalid provision or the change or modification to the end that the purposes and intent of this Agreement are carried out. 
 19. Survival of Obligations 
 The
provisions in the Agreement relating to Confidentiality, Indemnification, Dispute Resolution, Termination, Compensation and Billing, Limitation of Liability and Trademarks, Tradenames and Other Intellectual Property survive any termination,
cancellation or expiration of this Agreement. 
 20. Applicable Law 
 This Agreement is governed, construed and enforced in accordance with the internal laws of the State of Kansas, without regard to its conflict of law
principles. 
 21. No Unreasonable Delay or Withholding 
 Where agreement, approval, acceptance, consent or similar action by Receiver or Provider is required, the action must not be unreasonably delayed or unreasonably withheld. 
 22. Limited Intended Third Party Beneficiary Rights 
 With the exception of the parties to this Agreement, there exists no right of any person to claim a beneficial interest in this Agreement or any rights occurring by virtue of this Agreement. 
  

 - 16 - 

 23. Entire Agreement 
 This Agreement represents the entire understanding between the parties with the respect to the provision and receipt of the Services, and the provisions hereof and thereof cancel and supersede all prior agreements or
understandings, whether written or oral, with respect to the Services. This Agreement is deemed to include all of the TSA Exhibits attached hereto, each of which is incorporated herein as if an original part of this writing. This Agreement is to be
construed to be consistent with the Transition Services Agreement of even date herewith between Provider, as “Receiver” thereunder, and Receiver, as “Provider” thereunder, and as part of the overall transaction described in the
Distribution Agreement. 
 [Signature Page Follows] 
  

 - 17 - 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement through their authorized
representatives. 
  

			
	RECEIVER
		
	By:	 	 /s/ John P. Meyer

	Name:	 	John P. Meyer
	Title:	 	Senior Vice President
	Date:	 	January 20, 2006
	
	PROVIDER
		
	By:	 	 /s/ Michael B. Fuller

	Name:	 	Michael B. Fuller
	Title:	 	Chief Operating Officer
	Date:	 	January 19, 2006

  

 - 18 -Special Compensation and Post Employment Restrictive Covenants Agreement

 Exhibit 10.5 
 AGREEMENT REGARDING SPECIAL COMPENSATION 
 AND POST EMPLOYMENT RESTRICTIVE COVENANTS 

THIS AGREEMENT made this 12th day of December, 1995, by and between SPRINT CORPORATION, a Kansas corporation (“Sprint”), (Sprint, and the
subsidiaries of Sprint are collectively referred to herein as “Employer”), and GENE M. BETTS (“Executive”). 
 WITNESSETH: 
 WHEREAS, Employer is engaged in the telecommunications business; 
 WHEREAS, Executive has expertise, experience and capability in the business of Employer and the telecommunications business in general; 
 WHEREAS, Executive has been, and/or now is serving Employer as Senior Vice President Financial Services/Taxes; 
 WHEREAS, Employer desires to enter into this Agreement to provide severance and other benefits for Executive and obtain Executive’s agreements
regarding confidentiality and post- employment restrictive covenants for Employer; and 
 WHEREAS, Executive is willing to provide such
agreements to Employer. 
 NOW, THEREFORE, in consideration of the promises and mutual covenants herein contained, and for other good and
valuable consideration, the receipt and sufficiency of which consideration are mutually acknowledged by the parties, it is hereby agreed as follows: 
 1. Recitals. 
 The recitals hereinbefore set forth constitute an integral part of this Agreement, evidencing the intent of
the parties in executing this Agreement, and describing the circumstances surrounding its execution. Said recitals are by express reference made a part of the covenants hereof, and this Agreement all be construed in light thereof. 
 2. Duties and Responsibilities. 
 The
duties and responsibilities of Executive are and shall continue to be of an executive nature as shall be required by Employer in the conduct of its business. Executive’s powers and authority shall include all those presently delegated to him or
such other duties and responsibilities as from time to time may be assigned to him. Executive recognizes, that during his employment hereunder, he owes an undivided duty of loyalty to Employer, and agrees to devote his entire business time and
attention to the performance of said duties and responsibilities and to use his best efforts to promote and develop the business of Employer. 
 3. Employment Term. 
 Executive’s employment may be terminated by either party in accordance with Sections 5, 6, 7, or 8
herein. 
 4. Compensation and Benefits. 
 During employment, Executive shall be entitled to receive a base annual salary, shall be reimbursed for reasonable expenses incurred and accounted for in accordance with the policies and procedures of Employer, and
shall be entitled to vacation pay and other benefits applicable to employees generally, 

 each as may from time to time be established, amended or terminated. In addition, Executive (a) shall be awarded an
option to purchase 15,000 shares of common stock as set forth in a stock option agreement of even-date herewith, attached hereto and incorporated herein (the “Stock Option Agreement”) or, if Executive so elects, in lieu of the option to
purchase shares, 3,750 shares of restricted stock to be granted after Sprint’s spin-off of its cellular division, the number of shares being subject to adjustment to maintain the pre-spin-off value of the grant, all as set forth in a restricted
stock agreement of even-date herewith, attached hereto and incorporated herein (“Restricted Stock Agreement”) and (b) shall be entitled to the Special Compensation set forth in Section 5 hereof in accordance with the terms of
this Agreement. 
 5. Termination by Employer: Special Compensation. 
 At any time, Employer may terminate Executive’s employment for any reason. If Executive’s termination is other than pursuant to Section 6,
Executive shall, subject to the other provisions of this Section 5, be entitled to the following Special Compensation (as that term is defined in this Section 5) in lieu of any benefits available under any and all Employer separation plans
or policies, except as noted in Section 17. If Executive’s termination is pursuant to Sections 5, 6 or 7, Executive’s obligations under Sections 11, 12, 13, and 14 hereof shall continue. 
 For purposes of this Agreement, “Special Compensation” shall entitle Executive: 
 (a) to continue to receive for a period of eighteen (18) months from the date of termination (the “Severance Period”) biweekly compensation
at the rate equal to the biweekly amount of his base annual salary in effect at the date of termination of employment; 
 (b) to receive a
bonus, based on actual performance results, up to the target amount, under the Management Incentive Plan (MIP) throughout the Severance Period provided that the amount, if any, payable under such Plan for the award period including the last day of
the Severance Period shall be pro rated based upon the number of months of the Severance Period that fall within the award period and the total number of months in such award period; 
 (c) to receive an award under the Long Term Incentive Plan, pro rated based on the Executive’s last day worked, exclusive of any Severance Period,
determined in accordance with the terms of said Plan; 
 (d) to an acceleration of vesting of stock options or restricted stock in accordance
with the relevant provisions of the Stock Option Agreement or Restricted Stock Agreement; 
 (e) to continue to receive throughout the
Severance Period any executive medical, dental, life, and qualified or nonqualified retirement benefits which the Executive was receiving or was entitled to receive at the time of termination, except that long term disability and short term
disability benefits cease on the last day worked; 
 (f) to receive outplacement counseling by a firm selected by Employer to continue until
Executive becomes employed; and 
 (g) to continue to receive throughout the Severance Period all applicable executive perquisites (including
automobile allowance, long distance services and all miscellaneous services) except country club membership dues and accrual of vacation. 
 Employer shall pay or cause to be paid the amounts payable under paragraph (a) above in equal installments, bi-weekly in arrears, and the amount payable under paragraphs (b) and (c) in accordance with the terms of the Plans.
All payments pursuant to this Section shall be subject to applicable federal and state income and other withholding taxes. 

 In addition to the Special Compensation described above, Executive shall also be entitled to any vacation
pay for vacation accrued by Executive in the calendar year of termination but not taken at the time of termination. 
 In the event Executive
becomes employed full time during the Severance Period, Executive’s entitlement to continuation of the benefits described in paragraph (e) shall immediately cease, however, Executive shall retain any rights to continue medical insurance
coverage under the COBRA continuation provisions of the group medical insurance plan by paying the applicable premium therefor. 
 The
payments and benefits provided for in this Section shall be in addition to all other sums then payable and owing to Executive hereunder and, except as expressly provided herein, shall not be subject to reduction for any amounts received by Executive
for employment or services provided after termination of employment hereunder, and shall be in full settlement and satisfaction of all of Executive’s claims and demands. 
 In all events, Executive’s right to receive severance and/or other benefits pursuant to this Section shall cease immediately in the event Executive
is reemployed by Employer or an affiliate or Executive breaches his Confidential Information Covenant (as defined in Section 11 hereof), or breaches Sections 12, 13 or 14 hereof. In all cases, Employer’s rights under Section 15 shall
continue. 
 6. Voluntary Resignation by Executive; Termination for Cause: Total Disability 
 Upon termination of Executive’s employment by either Voluntary Resignation, Termination for Cause (as those terms are defined in this
Section 6), or Total Disability, as that term is defined in the Long Term Disability Plan, Executive shall have no right to compensation, severance pay or other benefits described herein but Executive’s obligations under Sections 11, 12,
13 and 14 hereof shall continue. 
 (a) Voluntary Resignation by Executive. At any time, Executive has the right, by written notice to
Employer, to terminate his services hereunder (“Voluntary Resignation”), effective as of thirty (30) days after such notice. 
 (b) Termination for Cause by Employer. At any time, Employer has the right to terminate Executive’s employment. Termination upon the occurrence of any of the following shall be deemed termination for cause (“Termination for
Cause”): 
 (i) Conduct by the Executive which reflects adversely on the Executive’s honesty, trustworthiness or fitness as an
Executive, or 
 (ii) Executive’s willful engagement in conduct which is demonstrably and materially injurious to the Employer.

 Termination for failure to meet performance expectations, unless willful, continuing and substantial, shall not be deemed a Termination
for Cause. For Termination for Cause, written notice of the termination of Executive’s employment by Employer shall be served upon Executive and shall be effective as of the date of such service. Such notice given by Employer shall specify the
act or acts of Executive underlying such termination. 
 (c) Total Disability. Upon the total disability of the Executive, as that term is
defined in the Long Term Disability Plan, Executive shall have no right to compensation or severance pay described herein but shall be entitled to long term disability and other such benefits afforded under the applicable policies and plans.

 7. Resignation Following Constructive Discharge. 
 If at any time, except in connection with a termination pursuant to Section 5, 6, or 8 Executive is Constructively Discharged (as that term is defined in this Section 7) then Executive shall have the 

 right, by written notice to Employer within sixty (60) days of such Constructive Discharge, to terminate his
services hereunder, effective as of thirty (30) days after such notice. Executive shall in such event be entitled to the compensation and benefits as if such employment were terminated pursuant to Section 5 of this Agreement. 

For purposes of this Agreement, the Executive shall be “Constructively Discharged” upon the occurrence of any one of the following events:

 (a) Executive is removed from his position with Employer other than as a result of Executive’s appointment to positions of equal or
superior scope and responsibility; or 
 (b) Executive’s targeted total compensation is reduced by more than 10% (other than
across-the-board reductions similarly affecting all officers of Sprint Corporation). 
 8. Effect of Change in Control. 
 In the event that within one year of a Change in Control (as that term is defined in this Section 8) Executive’s employment is terminated:

 (a) by the Employer other than pursuant to Section 6, 
 (b) by Executive pursuant to Section 7 hereof, 
 (c) by Executive if Executive is required to be based
anywhere other than his location at the time or the Kansas City metropolitan area, except for required travel on business to an extent substantially consistent with Executive’s business travel obligations immediately prior the Change in
Control; 
 then Executive shall be entitled to the Special Compensation described in Section 5 and shall be bound by Section 11, but shall not have any
continuing obligations under Sections 12, 13, and 14, except as otherwise required by common law or statute. 
 For purposes of this
Agreement, a “Change in Control” shall be deemed to have occurred if: 
 (i) any “person” (as such term is used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 (the “Exchange Act”)) other than a trustee or other fiduciary holding securities under an employee benefit plan of Sprint or any of its affiliates, and other than Sprint or a
corporation owned, directly or indirectly, by the stockholders of Sprint in substantially the same proportions as their ownership of stock of Sprint, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of securities of Sprint representing 20% or more of the combined voting power of Sprint’s then outstanding securities, or 
 (ii) during any period of two consecutive years (not including any period prior to the date of this Agreement), incumbent members cease for any reason to constitute a majority of the members of the Board of Directors
of Sprint; 
 provided, however, that a transaction among Employer, France Telecom and Deutsche Bundespost Telekom commonly known as Project Phoenix shall
not constitute a Change in Control for this Agreement and the related Stock Option Agreement or Restricted Stock Agreement. A member of the Board of Directors of Sprint shall be an “incumbent member” if such individual is as of the date of
this Agreement or at the beginning of the applicable two consecutive year period a member of the Board of Directors of Sprint, and any new director after the date of this Agreement (other than a director designated by person who has entered zsnto an
agreement to effect a transaction described in subparagraph (i) above) whose election to the Board or nomination for election by the stockholders of Sprint was approved by a vote of at least two-thirds (2/3) of the directors still in
office who either were directors as of the date hereof or as of the first day of the applicable two consecutive year period or whose election or nomination for election was previously so approved. 

 9. Dispute Resolution. 
 All disputes arising under this Agreement, other than those disputes relating to Executive’s alleged violations of Sections 11 through 14 herein,
shall be submitted to arbitration by the American Arbitration Association of Kansas City, Missouri. Costs of arbitration shall be borne equally by the parties. The decision of the arbitrators shall be final and there shall be no appeal from any
award rendered. Any award rendered may be entered as a judgment in any court of competent jurisdiction. In any judicial enforcement proceeding, the losing party shall reimburse the prevailing party for its reasonable costs and attorneys’ fees
for enforcing its rights under this Agreement, in addition to any damages or other relief granted. This Section 9 does not apply to any action by Employer to enforce Sections 11 through 14 of this Agreement and does not in any way restrict
Employer’s rights under Section 15 herein. 
 10. Enforcement. 
 In the event Employer shall fail to pay any amounts due to Executive under this Agreement as they come due, Employer agrees to pay interest on such
amounts at a rate of prime plus two percent (2%) per annum. Employer agrees that Executive and any successor shall be entitled to recover all costs of successfully enforcing any provision of this Agreement, including reasonable attorney fees
and costs of litigation. 
 11. Confidential Information. 
 Executive acknowledges that during the course of his employment he has learned or will learn or develop Confidential Information (as that term is defined
in this Section 11). Executive further acknowledges that unauthorized disclosure or use of such Confidential Information, other than in discharge of Executive’s duties, will cause Employer irreparable harm. 
 For purposes of this Section, Confidential Information means trade secrets (such as technical and non-technical data, a formula, pattern, compilation,
program, device, method, technique, drawing, process) and other proprietary information concerning the products, processes or services of Employer or its parent, and/or affiliates, including but not limited to: computer programs; unpatented
inventions, discoveries or improvements; marketing, manufacturing, or organizational research and development; business plans; sales forecasts; personnel information, including the identity of other employees of Employer, their responsibilities,
competence, abilities, and compensation; pricing and financial information; current and prospective customer lists and information on customers or their employees; information concerning planned or pending acquisitions or divestitures; and
information concerning purchases of major equipment or property, which information: (a) has not been made generally available to the public; and (b) is useful or of value to the current or anticipated business, or research or development
activities of Employer or of any customer or supplier of Employer, or (c) has been identified to Executive as confidential by Employer, either orally or in writing. 
 Except in the course of his employment and in the pursuit of the business of Employer or any of its subsidiaries or affiliates, Executive shall not, during the course of his employment, or for a period of eighteen
(18) months following termination of his employment for any reason, directly or indirectly, disclose, publish, communicate or use on his behalf or another’s behalf, any proprietary information or data of Employer or any of its subsidiaries
or affiliates. 
 Executive acknowledges that Employer operates and competes nationally, and that Employer will be harmed by unauthorized
disclosure or use of Confidential Information regardless of where such disclosure or use occurs, and that therefore this confidentiality agreement is not limited to any single state or other jurisdiction. 

 12. Non-Competition. 
 Executive acknowledges that use or disclosure of Confidential Information described in Section 11 is likely if Executive were to perform telecommunications services on behalf of a competitor of Employer. Therefore,
Executive shall not, for eighteen (18) months following termination of employment for any reason (the “Non-Compete Period”), accept any position, including but not limited to a position with AT&T, MCI, GTE or any Regional Bell
Operating Company or any subsidiary thereof, where Executive dedicates any time or efforts to managing, controlling, participating in, investing in, acting as consultant or advisor to, rendering services for, or otherwise assisting any person or
entity in the long distance, local telecommunications or wireless business and performing functions relating to long distance, local telecommunications or wireless services. 
 Executive acknowledges that Employer operates and competes nationally, and that therefore this non-competition agreement is not limited to any single
state or other jurisdiction. 
 This section shall not prevent Executive from using general skills and experience developed during employment
with Employer or other employers; or from accepting a position of employment with another company, firm, or other organization which competes with Employer, if its business is diversified and Executive is employed in a part of the business that is
not related to long distance, local telecommunications or wireless services and provided that such position does not require or permit the disclosure or use of Confidential Information. 
 13. Inducement of Other Employees. 
 For an eighteen (18) month period following termination of employment, Executive will not directly or indirectly solicit, induce or encourage any employee or agent of Employer to terminate his relationship with Employer. 
 14. Return of Employer’s Property. 
 All notes, reports, sketches, plans, published memoranda or other documents created, developed, generated or held by Executive during employment, concerning or related to Employer’s business, and whether containing or relating to
Confidential Information or not, are the property of Employer and will be promptly delivered to Employer upon termination of Executive’s employment for any reason whatsoever. During the course of employment, Executive shall not remove any of
the above property containing Confidential Information, or reproductions or copies thereof, or any apparatus from Employer’s premises without authorization. 
 15. Remedies. 
 Executive acknowledges that the restraints and agreements herein provided are fair and
reasonable, that enforcement of the provisions of Sections 11, 12, 13 and 14 will not cause him undue hardship and that said provisions are reasonably necessary and commensurate with the need to protect Employer and its legitimate and proprietary
business interests and property from irreparable harm. 
 Executive acknowledges that failure to comply with the terms of this Agreement will
cause irreparable damage to Employer. Therefore, Executive agrees that, in addition to any other remedies at law or in equity available to Employer for Executive’s breach or threatened breach of this Agreement, Employer is entitled to specific
performance or injunctive relief, without bond, against Executive to prevent such damage or breach, and the existence of any claim or cause of action Executive may have against Employer will not constitute a defense thereto. Executive further agrees
to pay reasonable attorney fees and costs of litigation incurred by Employer in any proceeding relating to the enforcement of the Agreement or to any alleged breach thereof in which Employer shall prevail in whole or those reasonable fees and costs
attributable to the extent that Employer prevails in part. 
 In the event of a breach or a violation by Executive of any of the covenants
and provisions of this Agreement, the running of the Non-Compete Period (but not of Executive’s obligation thereunder), shall be tolled during the period of the continuance of any actual breach or violation. 

 16. Confidentiality of Agreement. 
 As a specific condition to Executive’s right to Special Compensation or other benefits described herein, Executive agrees that he will not disclose
or discuss: the existence of this Agreement; the Special Compensation provided hereunder; or any other terms of the Agreement except: (1) to members of his immediate family; (2) to his financial advisor or attorney but then only to the
extent necessary for them to assist him; (3) to a potential employer on a strictly confidential basis and then only to the extent necessary for reasonable disclosure in the course of serious negotiations; or (4) as required by law or to
enforce legal rights. 
 17. Entire Understanding. 
 This Agreement constitutes the entire understanding between the parties relating to Executive’s employment hereunder and supersedes and cancels all prior written and oral understandings and agreements with
respect to such matters, except for the terms and provisions of the Key Management Benefit Plan and any other employee benefit or other compensation plans (or any agreements or awards thereunder) referred to in or contemplated by this Agreement and
except for the SPRINT UNITED EMPLOYEE AGREEMENT REGARDING PROPERTY RIGHTS AND BUSINESS PRACTICES which the Executive has signed and by which Executive continues to be bound. 
 18. Binding Effect. 
 This Agreement
shall be binding upon and inure to the benefit of Executive’s executors, administrators, legal representatives, heirs and legatees and the successors and assigns of Employer. 
 19. Partial Invalidity. 
 The various
provisions of this Agreement are intended to be severable and to constitute independent and distinct binding obligations. Should any provision of this Agreement be determined to be void and unenforceable, in whole or in part, it shall not be deemed
to affect or impair the validity of any other provision or part thereof, and such provision or part thereof shall be deemed modified to the extent required to permit enforcement. Without limiting the generality of the foregoing, if the scope of any
provision contained in this Agreement is too broad to permit enforcement to its full extent, but may be made enforceable by limitations thereon, such provision shall be enforced to the maximum extent permitted by law, and Executive hereby agrees
that such scope may be judicially modified accordingly. 
 20. Strict Construction. 
 The language used in this Agreement will be deemed to be the language chosen by Employer and Executive to express their mutual intent and no rule of
strict construction shall be applied against any person. 
 21. Waiver. 
 The waiver of any party hereto of a breach of any provision of this Agreement by any other party shall not operate or be construed as a waiver of any
subsequent breach. 
 22. Notices. 
 Any notice or other communication required or permitted to be given hereunder shall be determined to have been duly given to any party (a) upon delivery to the address of such party specified below if delivered
personally or by courier; (b) upon dispatch if transmitted by telecopy or other means of facsimile, provided a copy thereof is also sent by regular mail or courier; or (c) within forty-eight (48) hours after deposit thereof in the
U.S. mail, postage prepaid, for delivery as certified mail, return receipt requested, addressed, in any case 

 to the party at the following address(es) or telecopy numbers: 
 If to Executive: 
 Gene M. Betts 
 5216 W 128th Street 
 Leawood, KS 66209-3415 
 If to Employer: 
 Sprint Corporation 
 2330 Shawnee Mission Parkway 
 Westwood, KS 66205 
 Attention: Corporate Secretary 
 or to such other address(es) or telecopy number(s) as any party may designate by Written Notice in the aforesaid manner. 
 23. Governing Law. 
 This Agreement
shall be governed by, and interpreted, construed and enforced in accordance with, the laws of the State of Kansas. 
 24. Gender.

 Wherever from the context it appears appropriate, each term stated in either the singular of plural shall include the singular and the
plural, and the pronouns stated in either the masculine, the feminine or the neuter gender shall include the masculine, feminine or neuter. 
 25. Headings. 
 The headings of the Sections of this Agreement are for reference purposes only and do not define or limit,
and shall not be used to interpret or construe the contents of this Agreement. 
 IN WITNESS WHEREOF, the parties have caused this Agreement
to be duly executed on the date above set forth. 
  

					
	 EXECUTIVE
	 	 SPRINT CORPORATION

			
	 /s/ Gene M. Betts
  
	 	 By:
	 	 /s/ B. Watson
  

	 Gene M. Betts
	 	 Title:
	 	 Senior Vice President

		 		 	 Human Resources

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