Document:

EXHIBIT 4.1

 

THIRTY-SEVENTH SUPPLEMENTAL INDENTURE

 

THIRTY-SEVENTH SUPPLEMENTAL INDENTURE (this “Thirty-Seventh Supplemental Indenture”), dated as of May 20, 2018, among T-Mobile USA, Inc., a Delaware corporation (the “Company”), the Guarantors party hereto and Deutsche Bank Trust Company Americas, a New York banking corporation, as trustee (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Company has heretofore executed and delivered the Indenture, dated as of April 28, 2013 (the “Base Indenture”), among the Company, the guarantors party thereto and the Trustee, as modified and supplemented in respect of the 6.500% Senior Notes due 2024 (the “6.500% 2024 Notes”) and the Guarantees by the Fifteenth Supplemental Indenture, dated as of November 21, 2013, among the Company, the guarantors party thereto and the Trustee (the “Fifteenth Supplemental Indenture”), as modified and supplemented in respect of the 6.000% Senior Notes due 2023 (the “2023 Notes”) and the Guarantees by the Seventeenth Supplemental Indenture, dated as of September 5, 2014, by and among the Company, the guarantors party thereto and the Trustee (the “Seventeenth Supplemental Indenture”), as modified and supplemented in respect of the 6.375% Senior Notes due 2025 (the “2025 Notes”) and the Guarantees by the Eighteenth Supplemental Indenture, dated as of September 5, 2014, by and among the Company, the guarantors party thereto and the Trustee (the “Eighteenth Supplemental Indenture”), as modified and supplemented in respect of the 6.500% Senior Notes due 2026 (the “2026 Notes”) and the Guarantees by the Twentieth Supplemental Indenture, dated as of November 5, 2015, by and among the Company, the guarantors party thereto and the Trustee (the “Twentieth Supplemental Indenture”), as modified and supplemented in respect of the 6.000% Senior Notes due 2024 (the “6.000% 2024 Notes”, and, collectively with the 6.500% 2024 Notes, the 2023 Notes, the 2025 Notes, and the 2026 Notes, the “Pre-2017 Notes”) and the Guarantees by the Twenty-First Supplemental Indenture, dated as of April 1, 2016, by and among the Company, the guarantors party thereto and the Trustee (the “Twenty First Supplemental Indenture”, and together with the Fifteenth Supplemental Indenture, Seventeenth Supplemental Indenture, Eighteenth Supplemental Indenture and Twentieth Supplemental Indenture, the “Pre-2017 Supplemental Indentures”), as modified and supplemented in respect of the 4.000% Senior Notes due 2022 (the “2022 Notes”) and the Guarantees by the Twenty-Third Supplemental Indenture, dated as of March 16, 2017, by and among the Company, the guarantors party thereto and the Trustee (the “Twenty-Third Supplemental Indenture”), as modified and supplemented in respect of the 5.125% Senior Notes due 2025 (the “5.125% 2025 Notes”) and the Guarantees by the Twenty-Fourth Supplemental Indenture, dated as of March 16, 2017, by and among the Company, the guarantors party thereto and the Trustee (the “Twenty-Fourth Supplemental Indenture”), as modified and supplemented in respect of the 5.375% Senior Notes due 2027 (the “2027 Notes”) and the Guarantees by the Twenty-Fifth Supplemental Indenture, dated as of March 16, 2017, by and among the Company, the guarantors party thereto and the Trustee (the “Twenty-Fifth Supplemental Indenture”), as modified and supplemented in respect of the 4.500% Senior Notes due 2026 (the “4.500% 2026 Notes”) and the Guarantees by the Thirty-Second Supplemental Indenture, dated as of January 25, 2018, by and among the Company, the guarantors party thereto and the Trustee (the “Thirty-Second Supplemental Indenture”), as modified and supplemented in respect of the 4.750% Senior Notes due 2028 (the “2028 Notes”, and together with the 4.500% 2026 Notes, the “2018 Notes”, and the 2028 Notes together with the 2022 Notes, 5.125% 2025 Notes, 2027 Notes and the 4.500% 2026 Notes, the “Post-2017 Notes”, and the Post-2017 Notes, collectively with the Pre-2017 Notes, the “Subject Notes”) and the Guarantees by the Thirty-Third Supplemental Indenture, dated as of January 25, 2018, by and among the Company, the guarantors party thereto and the Trustee (the “Thirty-Third Supplemental Indenture”, and together with the Thirty-Second Supplemental Indenture, the “2018 Supplemental Indentures”, and the Thirty-Third Supplemental Indenture together with the Twenty-Third Supplemental Indenture, Twenty-Fourth Supplemental Indenture, Twenty-Fifth Supplemental Indenture and Thirty-Second Supplemental Indenture, the “Post-2017 Supplemental Indentures”, and the Post-2017 Supplemental Indentures together with the Pre-2017 Supplemental Indentures, the “Notes Supplemental Indentures”) (the Base Indenture, as modified and supplemented by each applicable Pre-2017 Supplemental Indenture with respect to each applicable Series of Pre-2017 Notes, is referred to herein as the “Pre-2017 Indenture”; as modified and supplemented by each Post-2017 Supplemental Indenture with respect to each Series of Post-2017 Notes, is referred to as the “Post-2017 Indenture”; as modified and supplemented by each Notes Supplemental Indenture with respect to each Series of Subject Notes, is referred to as the “Indenture”).

 

WHEREAS, on April 29, 2018, T-Mobile US, Inc. (“T-Mobile”), Sprint Corporation, a Delaware corporation, (“Sprint”), Huron Merger Sub LLC, a Delaware limited liability company and a wholly

 

 

owned subsidiary of the Company (“Merger Company”), Superior Merger Sub Corporation, a Delaware corporation and a wholly owned subsidiary of Merger Company (“Merger Sub”), Galaxy Investment Holdings, Inc., a Delaware corporation (“Galaxy”), Starburst I, Inc., a Delaware corporation (“Starburst” and, together with Galaxy, the “SoftBank US HoldCos”), and, for the limited purposes of the covenants and representations set forth therein that are expressly obligations of such persons, Deutsche Telekom AG, an Aktiengesellschaft organized and existing under the laws of the Federal Republic of Germany, Deutsche Telekom Holding B.V., a besloten vennootschap met beperkte aansprakelijkheid organized and existing under the laws of the Netherlands, and SoftBank Group Corp., a Japanese kabushiki kaisha, entered into a Business Combination Agreement (as it may be amended, supplemented or modified from time to time, the “Business Combination Agreement”), pursuant to which (i) the SoftBank US HoldCos may merge with and into Merger Company, with Merger Company continuing as the surviving entity and as a wholly owned subsidiary of T-Mobile (the “HoldCo Mergers”) and (ii) Merger Sub will merge with and into Sprint, with Sprint as the surviving corporation and a wholly owned direct or indirect subsidiary of T-Mobile (the “Sprint Merger” and, together with the HoldCo Mergers (if they occur), the “Mergers”), in each case on the terms and subject to the conditions set forth in the Business Combination Agreement.

 

WHEREAS, following the Mergers, T-Mobile is expected to contribute Sprint to the Company or otherwise cause Sprint to become a direct or indirect wholly-owned subsidiary of the Company (the “Contribution” and, collectively with the Mergers, the “T-Mobile/Sprint Transaction”).

 

WHEREAS, Section 9.02 of the Indenture provides, among other things, that the Company, the Guarantors and the Trustee may amend or supplement the Indenture as it relates to any Series of Notes with the consent of the Holders of at least a majority in aggregate principal amount of the Notes of such Series then outstanding;

 

WHEREAS, with respect to the Pre-2017 Indenture as it relates to each Series of Pre-2017 Notes, the Company desires to amend and supplement, as applicable, (1) Section 1.01 of the Pre-2017 Indenture and (2) Section 4.09(b)(1) of the Pre-2017 Indenture (collectively, the “Ratio Secured Debt Amendments”), in each case on the terms set forth in the Company’s Consent Solicitation Statement dated May 14, 2018 (as amended to the date hereof, the “Consent Solicitation Statement”).

 

WHEREAS, with respect to the Indenture as it relates to each Series of Subject Notes, the Company desires to amend and supplement, as applicable, (1) Section 1.01 of the Indenture, (2) Section 4.08 of the Indenture, (3) Section 4.09 of the Indenture, and (4) Section 4.17(a) of the Indenture (collectively, the “Existing Sprint Spectrum and GAAP Amendments”), in each case on the terms set forth in the Consent Solicitation Statement.

 

WHEREAS, (1) with respect to the Pre-2017 Notes, the Company solicited, and has received, consents to the Ratio Secured Debt Amendments upon the terms and subject to the conditions set forth in the Consent Solicitation Statement from Holders representing at least a majority in aggregate principal amount of each Series of the Pre-2017 Notes, and (2) with respect to the Subject Notes, the Company solicited, and has received, consents to the Existing Sprint Spectrum and GAAP Amendments upon the terms and subject to the conditions set forth in the Consent Solicitation Statement from Holders representing at least a majority in aggregate principal amount of each Series of the Subject Notes.

 

WHEREAS, the Company has satisfied all conditions precedent and covenants provided under the applicable Indenture to enable the Trustee to enter into this Thirty-Seventh Supplemental Indenture; and

 

WHEREAS, all things necessary to make this Thirty-Seventh Supplemental Indenture a valid, binding and enforceable agreement of the Company, the Guarantors and the Trustee and a valid amendment to the Notes Supplemental Indentures have been done;

 

NOW, THEREFORE, the Company, the Guarantors and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders of the Notes as follows:

 

1. Capitalized Terms. All capitalized terms which are used herein and not otherwise defined herein are defined in the applicable Indenture and are used herein with the same meanings as the applicable Indenture. If a capitalized term is defined both in the applicable Indenture and this Thirty-Seventh Supplemental Indenture, the definition in this Thirty-Seventh Supplemental Indenture shall apply to the amendment established hereby.

 

2. Amendments. Effective immediately prior to the consummation of the T-Mobile/Sprint Transaction:

 

 

Section 1.01 of the Pre-2017 Indenture as it relates to each Series of Pre-2017 Notes is hereby amended by adding the following definition:

 

“Secured Debt to Cash Flow Ratio” means, with respect to any Person as of any date of determination, the ratio of (a) the Consolidated Indebtedness of such Person as of such date that is secured by a Lien, less cash and Cash Equivalents, to (b) the Consolidated Cash Flow of such Person for the four most recent full fiscal quarters ending immediately prior to such date for which internal financial statements are available.

 

For purposes of making the computation referred to above, the Secured Debt to Cash Flow Ratio shall be calculated on a pro forma basis in the manner described in the second paragraph of the definition of “Debt to Cash Flow Ratio.”

 

Section 4.09(b)(1) of the Pre-2017 Indenture as it relates to each Series of Pre-2017 Notes is hereby deleted in its entirety and replaced with the following:

 

(1) the incurrence by the Company and any Subsidiary Guarantor of (a) additional Indebtedness under Credit Facilities, provided that giving effect to such incurrence, the aggregate principal amount (with letters of credit being deemed to have a principal amount equal to the maximum potential liability of the Company and its Restricted Subsidiaries thereunder) of all Indebtedness under Credit Facilities then outstanding under this paragraph (1), together with any Indebtedness incurred pursuant to the following clause (b), does not exceed the greater of (x) $9.0 billion and (y) an amount such that, upon the incurrence of Indebtedness under this clause (1), the Secured Debt to Cash Flow Ratio of the Company and its Subsidiaries for the most recently ended four full fiscal quarters for which financial statements are available, calculated on a pro forma basis in the manner described in the definition of “Secured Debt to Cash Flow Ratio,” shall not exceed 2.00:1.00; provided that for purposes of determining the amount of Indebtedness that may be incurred under this clause (a)(y), all Indebtedness incurred under this clause (1) shall be treated as Consolidated Indebtedness that is secured by a Lien and (b) without duplication, all Indebtedness incurred to renew, refund, refinance, replace, defease or discharge any Indebtedness incurred pursuant to the foregoing clause (a); provided, however, that the maximum amount permitted under this clause (1) shall not be deemed to limit additional Indebtedness under the Credit Facilities to the extent that the incurrence of such additional Indebtedness is permitted pursuant to any of the other provisions of this covenant;

 

Section 1.01 of the Indenture as it relates to each Series of Subject Notes is hereby amended by adding the following definitions:

 

“Existing Sprint Spectrum Financing Documents” means each agreement, instrument or other document entered into or delivered from time to time in connection with the Existing Sprint Spectrum Notes Program, including without limitation the Existing Sprint Spectrum Notes, the Existing Sprint Spectrum Indenture, the Intra-Company Spectrum Lease Agreement, dated as of October 27, 2016, among certain of the Existing Sprint Spectrum Subsidiaries, Sprint Communications, Inc., and the other parties thereto, and each “Transaction Document” (as defined in the Existing Sprint Spectrum Indenture), each as amended, supplemented or otherwise modified from time to time.

 

“Existing Sprint Spectrum Indenture” means the Indenture, dated as of October 27, 2016, by and among Sprint Spectrum Co LLC, Sprint Spectrum Co II LLC, Sprint Spectrum Co III LLC, and Deutsche Bank Trust Company Americas, as trustee, as amended, supplemented or otherwise modified from time to time, including as supplemented with respect to each series of Existing Sprint Spectrum Notes.

 

“Existing Sprint Spectrum Issuers” means Sprint Spectrum Co LLC, Sprint Spectrum Co II LLC, Sprint Spectrum Co III LLC, and their successors and assigns.

 

“Existing Sprint Spectrum Notes” means the Existing Sprint Spectrum Issuers’ Series 2018-1 4.738% Senior Secured Notes, Class A-1, Series 2018-1 5.152% Senior Secured Notes, Class A-2, Series 2016-1 3.360% Senior Secured Notes, Class A-1, and any other note or series of notes issued under the Existing Sprint Spectrum Indenture from time to time, in an aggregate principal amount outstanding for all of the foregoing not to exceed the Existing Sprint Spectrum Program Cap at any time.

 

“Existing Sprint Spectrum Program” means the transactions contemplated by the Existing

 

 

Sprint Spectrum Financing Documents, including the issuance of any Existing Sprint Spectrum Notes.

 

“Existing Sprint Spectrum Program Cap” means $7,000,000,000.

 

“Existing Sprint Spectrum Subsidiary” means any of Sprint Spectrum Depositor LLC, Sprint Spectrum Depositor II LLC, Sprint Spectrum Depositor III LLC, Sprint Intermediate HoldCo LLC, Sprint Intermediate HoldCo II LLC, Sprint Intermediate HoldCo III LLC, Sprint Spectrum PledgeCo LLC, Sprint Spectrum PledgeCo II LLC, Sprint Spectrum PledgeCo III LLC, each Existing Sprint Spectrum Issuer, Sprint Spectrum License Holder LLC, Sprint Spectrum License Holder II LLC and Sprint Spectrum License Holder III LLC, their successors and assigns, and any Subsidiary of the foregoing.

 

Section 1.01 of the Indenture as it relates to each Series of Subject Notes (other than each Series of 2018 Notes) is hereby amended by deleting the following definitions in their entirety and replacing them with the following:

 

“Capital Lease Obligation” means, at the time any determination is to be made, the amount of the liability in respect of a capital lease that would at that time be required to be capitalized on a balance sheet prepared in accordance with GAAP, and the Stated Maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be prepaid by the lessee without payment of a penalty (provided that obligations either existing on the Issue Date or created thereafter that (a) initially were not included on the consolidated balance sheet of the Company as capital lease obligations and were subsequently recharacterized as capital lease obligations or (b) did not exist on the Issue Date and were required to be characterized as capital lease obligations but would not have been required to be treated as capital lease obligations on the Issue Date had they existed at that time, shall for all purposes not be treated as Capital Lease Obligations or Indebtedness).

 

“GAAP” means generally accepted accounting principles as in effect on the date of any calculation or determination required under the Notes of this Series or the Indenture. Notwithstanding the foregoing, at any time, (i) the Company may elect to apply IFRS accounting principles in lieu of GAAP and, upon any such election, references herein to GAAP or parts of the Accounting Standards Codification or “ASC” shall thereafter be construed to mean IFRS (except as otherwise provided in the Indenture); provided that any such election, once made, shall be irrevocable; provided, further, that any calculation or determination in the Indenture that requires the application of GAAP for periods that include fiscal quarters ended prior to the Company’s election to apply IFRS shall remain as previously calculated or determined in accordance with GAAP and (ii) the Company, on any date, may elect to establish that GAAP shall mean GAAP as in effect on such date; provided that any such election, once made, shall be irrevocable. The Company shall give notice of any such election made in accordance with this definition to the Trustee and the Holders of Notes of this Series.

 

“Permitted Business” means those businesses in which the Company and its Subsidiaries were engaged on the Closing Date, or any business similar, related, incidental or ancillary thereto or that constitutes a reasonable extension or expansion thereof, or any business reasonably related to the telecommunications industry, and the acquisition, holding or exploitation of any license relating to the delivery of those services, or the transactions entered into in connection with the Existing Sprint Spectrum Program.

 

The definition of “Permitted Liens” in Section 1.01 of the Indenture as it relates to each Series of Subject Notes is hereby amended by deleting clause (30) in its entirety and replacing it with the following:

 

(30)                          Liens, if any, incurred in connection with the Towers Transaction or the Existing Sprint Spectrum Program.

 

The definition of “Permitted Investments” in Section 1.01 of the Pre-2017 Indenture as it relates to each Series of Pre-2017 Notes is hereby amended by (i) deleting the word “and” at the end of clause (18), (ii) replacing the period at the end of clause (19) thereof with “; and” and (iii) adding a new clause (20) immediately after clause (19), which shall read as follows:

 

(20)                          any other Investments made in connection with the Existing Sprint Spectrum Program.

 

 

The definition of “Permitted Investments” in Section 1.01 of the Post-2017 Indenture as it relates to each Series of Post-2017 Notes is hereby amended by (i) deleting the word “and” at the end of clause (19), (ii) replacing the period at the end of clause (20) thereof with “; and” and (iii) adding a new clause (21) immediately after clause (20), which shall read as follows:

 

(21)                          any other Investments made in connection with the Existing Sprint Spectrum Program.

 

Section 4.08 of the Indenture as it relates to each Series of Subject Notes is hereby amended by (i) deleting the word “and” at the end of clause (b)(16), (ii) replacing the period at the end of clause (b)(17) thereof with “; and” and (iii) adding a new clause (b)(18) immediately after clause (b)(17), which shall read as follows:

 

(18)                          encumbrances or restrictions pursuant to any Existing Sprint Spectrum Financing Document, affecting any Existing Sprint Spectrum Subsidiary or in connection with the Existing Sprint Spectrum Program;

 

Section 4.09 of the Indenture as it relates to each Series of Subject Notes is hereby amended by adding the following sentence at the end of clause (b):

 

Notwithstanding the foregoing, the Existing Sprint Spectrum Notes will be deemed to be outstanding pursuant to Section 4.09(b)(1) and will reduce the amount of Indebtedness otherwise permitted to be incurred thereunder.

 

Section 4.17 of the Indenture as it relates to each Series of Subject Notes is hereby deleted in its entirety and replaced with the following:

 

If (a) the Company or any of the Company’s Domestic Restricted Subsidiaries acquires or creates another Domestic Restricted Subsidiary (and such Subsidiary is a Wholly-Owned Subsidiary and is not a Designated Tower Entity, the Reinsurance Entity, an Immaterial Subsidiary or (so long as the aggregate principal amount of Existing Sprint Spectrum Notes does not exceed the Existing Sprint Spectrum Program Cap) an Existing Sprint Spectrum Subsidiary) after the Series Issue Date or (b) any Restricted Subsidiary of the Company guarantees any Specified Issuer Indebtedness of the Company after the Series Issue Date or (c) Parent or any Subsidiary of Parent acquires or creates a Subsidiary that directly or indirectly owns Equity Interests of the Company, then the Company or Parent, as applicable, will cause that newly acquired or created Domestic Restricted Subsidiary, Restricted Subsidiary or Subsidiary of Parent to become a Guarantor of the Notes of this Series and execute a supplemental indenture and, if requested by the Trustee, deliver an Opinion of Counsel reasonably satisfactory to the Trustee within 10 Business Days after the date on which it was acquired or created or guarantees such Specified Issuer Indebtedness, as applicable, or reasonably promptly thereafter.

 

4.Ratification of Indenture; Supplement Part of Indenture. Except as expressly amended and supplemented hereby, the applicable Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. Every reference in the applicable Indenture to such Indenture shall hereby be deemed to mean such Indenture as supplemented by this Thirty-Seventh Supplemental Indenture. This Thirty-Seventh Supplemental Indenture shall form a part of the applicable Indenture for all purposes, and every Holder of Subject Notes heretofore or hereafter authenticated and delivered shall be bound hereby.

 

5.Effectiveness. The provisions of this Thirty-Seventh Supplemental Indenture will take effect immediately upon its execution by the Company, the Guarantors and the Trustee, and thereupon this Thirty-Seventh Supplemental Indenture shall form a part of the applicable Indenture for all purposes; provided that, for the avoidance of doubt, the Ratio Secured Debt Amendments and the Existing Sprint Spectrum and GAAP Amendments shall not become operative until immediately prior to the consummation of the T-Mobile/Sprint Transaction.

 

6.Governing Law; Waiver of Jury Trial. THIS THIRTY-SEVENTH SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

 

7.Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS THIRTY-SEVENTH SUPPLEMENTAL INDENTURE.

 

8.Counterparts. The parties may sign any number of copies of this Thirty-Seventh Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. Delivery of an executed counterpart of a signature page to this Thirty-Seventh Supplemental Indenture by facsimile, email or other electronic means shall be effective as delivery of a manually executed counterpart of this Thirty-Seventh Supplemental Indenture.

 

9.Effect of Headings. The Section headings herein have been inserted for the convenience of reference only, are not to be considered a part of this Thirty-Seventh Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

 

10.The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Thirty-Seventh Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Company and each of the Guarantors.

 

11.Successors. All agreements of each of the Company and the Guarantors in this Thirty-Seventh Supplemental Indenture will bind its successors, except as otherwise provided in the Indenture. All agreements of the Trustee in this Thirty-Seventh Supplemental Indenture shall bind its successors.

 

12.Severability. In case any provision in this Thirty-Seventh Supplemental Indenture is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby.

 

[Remainder of page intentionally left blank]

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Thirty-Seventh Supplemental Indenture to be duly executed and attested, all as of the date first above written.

 

	
 
    	
T-MOBILE USA, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   J. Braxton Carter
    
	
 
    	
Name:
    	
J.   Braxton Carter
    
	
 
    	
Title:
    	
Executive   Vice President and Chief Financial Officer
    

 

[Signature Page to Thirty-Seventh Supplemental Indenture]

 

 

	
 
    	
GUARANTORS:
    
	
 
    	
 
    
	
 
    	
IBSV   LLC
    
	
 
    	
IOWA   WIRELESS SERVICES, LLC
    
	
 
    	
IOWA   WIRELESS SERVICES HOLDING CORPORATION
    
	
 
    	
METROPCS   CALIFORNIA, LLC
    
	
 
    	
METROPCS   FLORIDA, LLC
    
	
 
    	
METROPCS   GEORGIA, LLC
    
	
 
    	
METROPCS   MASSACHUSETTS, LLC
    
	
 
    	
METROPCS   MICHIGAN, LLC
    
	
 
    	
METROPCS   NETWORKS CALIFORNIA, LLC
    
	
 
    	
METROPCS   NETWORKS FLORIDA, LLC
    
	
 
    	
METROPCS   NEVADA, LLC
    
	
 
    	
METROPCS   NEW YORK, LLC
    
	
 
    	
METROPCS   PENNSYLVANIA, LLC
    
	
 
    	
METROPCS   TEXAS, LLC
    
	
 
    	
POWERTEL   MEMPHIS LICENSES, INC.
    
	
 
    	
POWERTEL/MEMPHIS, INC.
    
	
 
    	
SUNCOM   WIRELESS HOLDINGS, INC.
    
	
 
    	
SUNCOM   WIRELESS INVESTMENT COMPANY LLC
    
	
 
    	
SUNCOM   WIRELESS LICENSE COMPANY, LLC
    
	
 
    	
SUNCOM   WIRELESS MANAGEMENT COMPANY, INC.
    
	
 
    	
SUNCOM   WIRELESS OPERATING COMPANY, L.L.C.
    
	
 
    	
SUNCOM   WIRELESS PROPERTY COMPANY, L.L.C.
    
	
 
    	
SUNCOM   WIRELESS, INC.
    
	
 
    	
T-MOBILE   CENTRAL LLC
    
	
 
    	
T-MOBILE   FINANCIAL LLC
    
	
 
    	
T-MOBILE   LEASING LLC
    
	
 
    	
T-MOBILE   LICENSE LLC
    
	
 
    	
T-MOBILE   NORTHEAST LLC
    
	
 
    	
T-MOBILE   PCS HOLDINGS LLC
    
	
 
    	
T-MOBILE   PUERTO RICO HOLDINGS LLC
    
	
 
    	
T-MOBILE   PUERTO RICO LLC
    
	
 
    	
T-MOBILE   RESOURCES CORPORATION
    
	
 
    	
T-MOBILE   SOUTH LLC
    
	
 
    	
T-MOBILE   SUBSIDIARY IV CORPORATION
    
	
 
    	
T-MOBILE   US, INC.
    
	
 
    	
T-MOBILE   WEST LLC
    
	
 
    	
TRITON   PCS FINANCE COMPANY, INC.
    
	
 
    	
TRITON   PCS HOLDINGS COMPANY L.L.C.
    
	
 
    	
VOICESTREAM   PCS I IOWA LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   J. Braxton Carter
    
	
 
    	
Name:
    	
J.   Braxton Carter
    
	
 
    	
Title:
    	
Authorized   Person
    

 

[Signature Page to Thirty-Seventh Supplemental Indenture]

 

 

	
 
    	
DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Carol Ng
    
	
 
    	
Name:
    	
Carol   Ng
    
	
 
    	
Title:
    	
Vice   President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Julia Engel
    
	
 
    	
Name:
    	
Julia   Engel
    
	
 
    	
Title:
    	
Vice   President
    

 

[Signature Page to Thirty-Seventh Supplemental Indenture]Converted by EDGARwiz

April 12, 2018

Re: Side Letter Agreement regarding the Promissory Notes by and between Two Hands 

Corporation (hereinafter the "Company") and Jordan Turk.

Dear Sirs:

This Side Letter Agreement ("Agreement") entered into on the date of this

letter, by and between the Company and Jordan Turk will serve to amend and add 

certain terms to the Promissory Notes issued by Two Hands Corporation (the "Note”) 

for cash advanced to the Company of $20,000 and $25,000 by Jordan Turk on March 

19, 2018 and April 12, 2018, respectively. Totalling ($45,000).

Capitalized terms used herein which are not otherwise defined shall have the same 

meaning as those given to them in the Note.

For good and valuable consideration, both parties agree that the Note will

be amended as follows:

CONVERTIBLE SECURED PROMISSORY NOTE

ISSUE AMOUNT                                                    U.S.  $45,000

FACE AMOUNT                                                     U.S.  $54,000

INTEREST RATE                                                   20% per year

ISSUANCE DATE                                                   April 12, 2018

FOR VALUE RECEIVED, Two Hands Corporation, a Delaware corporation (the "Company"), 

hereby promises to pay Jordan Turk (the "Holder"), the Face Amount, subject to 

further adjustment as described below, in such amounts, at such times and on such 

terms and conditions as are specified herein (this "Note").

Article 1.  Advancement and Fees

The Company agrees to pay The Holder the sum of Fifty Four Thousand Dollars and 

Zero Cents ($54,000.00) upon the issuance of this Note for advancements made by 

the Holder.

Article 2.  Maturity

The Face Amount of this Note is payable December 31, 2018 (the "Maturity Date").

The Maturity Date of any outstanding Face Amount due on January 1, 2019 will be 

extended by one year. The Maturity Date of any outstanding Face Amount due on 

January 1, 2020 will be extended by another one year and again on each one year 

anniversary until the Note has been paid in full.

Notwithstanding any provision to the contrary in this Note, the Company may

pay in full to the Holder the Face Amount, or any balance remaining thereof,

in readily available funds at any time and from time to time without penalty

("Prepayment").

Article 3.  Interest

The outstanding Face Amount of the Note shall increase by 20% on

January 1, 2019. The outstanding Face Amount of the Note shall increase by

another 20% on January 1, 2020 and again on each one year anniversary of

until the Note has been paid in full.

Article 4.  Collateral

The Holder may elect to secure a portion of the Company's assets not to

exceed 200% of the Face Amount of the Note, including, but not limited to,

accounts receivable, cash, marketable securities, equipment, building, land

or inventory (the "Collateral").

Article 5.  Defaults and Remedies

Article 5.1.  Events of Default

An "Event of Default" or "Default" occurs if the Company does not pay the

Face Amount of this Note within five (5) business days after the Maturity

Date.

Upon the occurrence of an Event of Default, the Holder may:

* Transfer any or all of the Collateral into its name, or into the name of

its nominee or nominees;

* Exercise all corporate rights with respect to the Collateral, including,

without limitation, all rights of conversion, exchange, subscription or any

other rights, privileges or options pertaining to any shares of the Collateral as 

if it were the absolute owner thereof, including, but without limitation, the 

right to exchange, at its discretion, any or all of the Collateral upon the

merger, consolidation, amalgamation, reorganization, recapitalization or other 

readjustment of the Company thereof, or upon the exercise by the Company of any 

right, privilege or option pertaining to any of the Collateral, and, in connection 

therewith, to deposit and deliver any and all of the Collateral with any 

committee, depository, transfer agent, registrar or other designated agent upon 

such terms and conditions as it may determine, all without liability except to

 account for property actually received by it; and

* Subject to any requirement of applicable law including, for greater

certainty, the Personal Property Security Act (Ontario), sell, assign and

deliver the whole or, from time to time, any part of the Collateral at the

time held by the Holder, at any private sale or at public auction, with or

without demand, advertisement or notice of the time or place of sale or

adjournment thereof or otherwise (all of which are hereby waived, except such

notice as is required by applicable law and cannot be waived), for cash or

credit or for other property for immediate or future delivery, and for such

price or prices and on such terms as the Pledgee in its sole discretion may

determine, or as may be required by applicable law.

Article 5.2  Conversion Privilege

The company shall have the right to convert the Note into shares of the

Company's common stock (the "Common Stock") at any time prior to the

Maturity Date.  The number of shares of Common Stock issuable upon the

conversion of the Note shall be determined pursuant to Article 5.3.  Any

fractional shares that occur as a result of conversion shall be rounded

up or down, as the case may be, to the nearest whole share.

Article 5.3 Conversion Procedure.

(a) The Residual Amount may be converted, in whole or in part, any time and

from time to time, prior to the Maturity Date.  Such conversion shall be

effectuated by the Company, issuing a signed notice of conversion (the

"Notice of Conversion").   The date on which the Notice of Conversion is

effective ("Conversion Date") shall be deemed to be the date on which the

Holder has received from the Company a facsimile or original of the

signed Notice of Conversion. Notwithstanding the above, any Notice of

Conversion received on or after 4:00 P.M. EST shall be deemed to have

Been received the following business day (receipt being via a

confirmation of the time such facsimile to the Holder is received).

(b) Common Stock to be Issued - Upon any conversion of the Note, and upon

receipt by the Holder or its attorney of a facsimile or original of the

Company's signed Notice of Conversion, the Company shall instruct its

transfer agent to issue stock certificates without restrictive legends

or stop transfer instructions, if at that time the aforementioned

registration statement described in Article 5.1 has been declared

effective (or with proper restrictive legends if the registration

statement has not as yet been declared effective), in such denominations

to be specified at conversion representing the number of shares of Common

Stock issuable upon such conversion, as applicable.  In the event that

the Note is aged and deemed sellable under Rule 144, the Company

shall, upon a Notice of Conversion, instruct the transfer agent to issue

free trading certificates without restrictive legends, subject to other

applicable securities laws.  The Company is responsible for all costs

associated with the issuance of the shares, excluding, but not limited

to, fees associated with the opinion letter, FedEx of the certificates

and any other costs that arise.  The Company shall act as registrar and

shall maintain an appropriate ledger containing the necessary information

with respect to the Note.  The Company warrants that no instructions,

other than these instructions, have been given or will be given to the

transfer agent and that the Common Stock shall otherwise be freely

resold, except as may be set forth herein or subject to applicable law.

(c) Conversion Rate - The Conversion Price for the Note shall be set at

$0.0001

(d) Nothing contained in the Note shall be deemed to establish or require the

payment of interest to the Holder at a rate in excess of the maximum rate

permitted by governing law.  In the event that the rate of interest

required to be paid exceeds the maximum rate permitted by governing law,

the rate of interest required to be paid thereunder shall be

automatically reduced to the maximum rate permitted under the governing

law and such excess shall be returned with reasonable promptness by the

Holder to the Company.

(e) It shall be the Company's responsibility to take all necessary actions

and to bear all such costs to issue the Common Stock as provided herein,

including the responsibility for the delivery of an opinion letter to

the transfer agent, if so required.  The Holder shall be treated as a

shareholder of record on the date Common Stock is issued to the Holder.

If the Holder shall designate another person as the entity in the name of

which the stock certificates issuable upon conversion of the Note are to

be issued prior to the issuance of such certificates, the Holder shall

provide to the Company evidence that either no tax shall be due and

payable as a result of such transfer or that the applicable tax has been

paid by the Holder or such person. Upon surrender of any Notes that are

to be converted in part, the Company shall issue to the Holder a new Note

equal to the unconverted amount, if so requested in writing by the

Holder.

(f) Within five (5) business days after receipt of the documentation referred

to above in Article 5.2, the Company shall deliver a certificate for the

number of shares of Common Stock issuable upon the conversion.  In the

event the Company does not make delivery of the Common Stock as

instructed by the Holder within five (5) business days after the

Conversion Date, then in such event the Company shall pay to the Holder

one percent (1%) in cash of the dollar value of the amount remaining on

the Note after said conversion, compounded daily, per each day after the

fifth (5th) business day following the Conversion Date that the Common

Stock is not delivered to the Holder.

The Company acknowledges that its failure to deliver the Common Stock

within five (5) business days after the Conversion Date will cause the

Holder to suffer damages in an amount that will be difficult to

ascertain. Accordingly, the parties agree that it is appropriate to

include in this Note a provision for liquidated damages.  The parties

acknowledge and agree that the liquidated damages provision set forth in

this section represents the parties' good faith effort to quantify such

damages, and, as such, agree that the form and amount of such liquidated

damages are reasonable and will not constitute a penalty.  The payment of

liquidated damages shall not relieve the Company from its obligations to

deliver the Common Stock pursuant to the terms of this Note.

(g) The Company shall at all times reserve (or make alternative written

arrangements for reservation or contribution of shares) and have

available all Common Stock necessary to meet conversion of the entire

amount of the Note then outstanding.  If, at any time the Company does

not have sufficient authorized but unissued shares of Common Stock (or

alternative shares of Common Stock as may be contributed by stockholders

of the Company) available to effect, in full, a conversion of the Note

(a "Conversion Default," the date of such default being referred to

herein as the "Conversion Default Date"), the Company shall issue to

the Holder all of the shares of Common Stock which are available, and

the Notice of Conversion as to any Note requested to be converted but

not converted (the "Unconverted Note") may be deemed null and void upon

written notice sent by the Company.  The Company shall

provide notice of such Conversion Default ("Notice of Conversion

Default") to the Holder, by facsimile within three (3) business days

of such default (with the original delivered by overnight mail or two

day courier), and the Holder shall give notice to the Company by

facsimile within five (5) business days of receipt of the original

Notice of Conversion Default (with the original delivered by overnight

mail or two day courier) of its election to either nullify or confirm

the Notice of Conversion.

The Company acknowledges that its failure to maintain a sufficient

number of authorized but unissued shares of Common Stock to effect, in

full, a conversion of the Note will cause the Holder to suffer damages

in an amount that will be difficult to ascertain.  Accordingly, the

parties agree that it is appropriate to include in this Note a provision

for liquidated damages.

(h) If, by the fifth (5th) business day after the Conversion Date of any

portion of the Note to be converted (the "Delivery Date"), the transfer

agent fails for any reason to deliver the Common Stock upon conversion by

the Company and after such Delivery Date, the Holder purchases, in an

open market transaction or otherwise, shares of Common Stock (the

"Covering Shares") solely in order to make delivery in satisfaction of a

sale of Common Stock by the Holder (the "Sold Shares"), which delivery

such Holder anticipated to make using the Common Stock issuable upon

conversion (a "Buy-In"), the Company shall pay to the Holder, in addition

to any other amounts due to the Holder pursuant to this Note, and not in

lieu thereof, the Buy-In Adjustment Amount (as defined below).  The "Buy

In  Adjustment Amount" is the amount equal to the excess, if any, of (x)

The Holder's total purchase price (including brokerage commissions, if

any) for the Covering Shares over (y) the net proceeds (after brokerage

commissions, if any) received by the Holder from the sale of the Sold

Shares.  The Company shall pay the Buy-In Adjustment Amount to the Holder

in immediately available funds within five (5) business days of written

demand by the Holder.  By way of illustration and not in limitation of

the foregoing, if the Holder purchases shares of Common Stock having a

total purchase price (including brokerage commissions) of $11,000 to

cover a Buy-In with respect to shares of Common Stock it sold for net

proceeds of $10,000, the Buy-In Adjustment Amount which the Company

will be required to pay to the Holder will be $1,000.

(i) The Company shall defend, protect, indemnify and hold harmless the

Holder and all of its shareholders, officers, directors, employees,

counsel, and direct or indirect investors and any of the foregoing

person's agents or other representatives (including, without limitation,

those retained in connection with the transactions contemplated by this

Agreement, collectively, the "Article 5.3(i) Indemnitees") from and

against any and all actions, causes of action, suits, claims, losses,

costs, penalties, fees, liabilities and damages, and expenses in

connection therewith (irrespective of whether any such Article 5.3(i)

Indemnitee is a party to the action for which indemnification hereunder

is sought), and including reasonable attorneys' fees and disbursements

(the "Article 5.3(i) Indemnified Liabilities"), incurred by any

Article 5.3(i) Indemnitee as a result of, or arising out of, or

relating to (i) any misrepresentation or breach of any representation

or warranty made by the Company in this Note or any other certificate,

instrument or document contemplated hereby or thereby, (ii) any breach

of any covenant, agreement or obligation of the Company contained in

this Note or any other certificate, instrument, or document contemplated

hereby or thereby, (iii) any cause of action, suit, or claim brought or

made against such Article 5.3(i) Indemnitee by a third party and arising

out of or resulting from the execution, delivery, performance, or

enforcement of the Note or any other certificate, instrument, or document

contemplated hereby or thereby, (iv) any transaction financed or to be

financed in whole or in part, directly or indirectly, with the proceeds

of the issuance of the Common Stock underlying the Note, or (v) the

status of the Holder or holder of the Note as an investor in the Company,

except insofar as any such misrepresentation, breach or any untrue

statement, alleged untrue statement, omission, or alleged omission is

made in reliance upon and in conformity with written information

furnished to the Company by the Holder which is specifically intended

by the Holder to be relied upon by the Company, including for use in

the preparation of any such registration statement, preliminary

prospectus, or prospectus, or is based on illegal trading of the Common

Stock by the Holder. To the extent that the foregoing undertaking by the

Company may be unenforceable for any reason, the Company shall make the

maximum contribution to the payment and satisfaction of each of the

Indemnified Liabilities that is permissible under applicable law.  The

indemnity provisions contained herein shall be in addition to any cause

of action or similar rights the Holder may have, and any liabilities the

Holder may be subject to.

(j) Furthermore if the Company elects to convert any portion of the

outstanding balance of the Note(s) into shares of the Company's common

stock it may do so at any time at its sole option.  The number of Common

Stock issued may not have the Holder's common stock Holdings exceed 9.9%

of the Company at any time.

Article 6.  Mergers

The Company shall not consolidate or merge into, or transfer all or

substantially all of its assets to, any person, unless such person

assumes in writing the obligations of the Company under this Note and

immediately after such transaction no Event of Default exists.  Any

reference herein to the Company shall refer to such surviving or

transferee corporation and the obligations of the Company shall terminate

upon such written assumption.  Failure to do so will constitute an Event

of Default under this Note and the Holder may immediately seek to take

actions as described under Article 5 of this Note.

Article 7.  Notices

Any notices, consents, waivers or other communications required or

permitted to be given under the terms of this Note must be in writing

and will be deemed to have been delivered (i) upon receipt, when

delivered personally, (ii) upon receipt, when sent by facsimile (provided

a confirmation of transmission is mechanically or electronically

generated and kept on file by the sending party), or (iii) one (1) day

after deposit with a nationally recognized overnight delivery service, in

each case properly addressed to the party to receive the same.

Article 8.  Time

Where this Note authorizes or requires the payment of money or the

performance of a condition or obligation on a Saturday or Sunday or a

holiday in which the United States Stock Markets ("US Markets") are

closed ("Holiday"), or authorizes or requires the payment of money or the

performance of a condition or obligation within, before or after a period

of time computed from a certain date, and such period of time ends on a

Saturday or a Sunday or a Holiday, such payment may be made or condition

or obligation performed on the next succeeding business day, and if the

period ends at a specified hour, such payment may be made or condition

performed, at or before the same hour of such next succeeding business

day, with the same force and effect as if made or performed in accordance

with the terms of this Note.  A "business day" shall mean a day on which

the US Markets are open for a full day or half day of trading.

Article 9.  No Assignment

This Note shall not be assigned.

Article 10.  Rules of Construction

In this Note, unless the context otherwise requires, words in the

Singular number include the plural, and in the plural include the

singular, and words of the masculine gender include the feminine and the

neuter, and when the tense so indicates, words of the neuter gender may

refer to any gender.  The numbers and titles of sections contained in

this Note are inserted for convenience of reference only, and they

neither form a part of this Note nor are they to be used in the

construction or interpretation hereof.  Wherever, in this Note, a

determination of the Company is required or allowed, such determination

shall be made by a majority of the Board of Directors of the Company and,

if it is made in good faith, it shall be conclusive and binding upon the

Company and the Holder.

Article 11.  Governing Law

The validity, terms, performance and enforcement of this Note shall be

governed and construed by the provisions hereof and in accordance with

the laws of the State of Delaware applicable to agreements that are

negotiated, executed, delivered and performed solely in the State of

Delaware.

Article 12.  Waiver

The Holder's delay or failure at any time or times hereafter to require

strict performance by Company of any undertakings, agreements or

covenants shall not waiver, affect, or diminish any right of the Holder

under this Note to demand strict compliance and performance herewith. Any

waiver by the Holder of any Event of Default shall not waive or affect

any other Event of Default, whether such Event of Default is prior or

subsequent thereto and whether of the same or a different type.  None of

the undertakings, agreements and covenants of the Company contained in

this Note, and no Event of Default, shall be deemed to have been waived

by the Holder, nor may this Note be amended, changed or modified, unless

such waiver, amendment, change or modification is evidenced by an

instrument in writing specifying such waiver, amendment, change or

modification and signed by the Holder.

Article 13.  Senior Obligation

The Company shall cause this Note and all other existing Notes with the

Holder ("Holder's Debt") to be senior in right of payment to all other

indebtedness of the Company.

Article 14.  Miscellaneous

(a) All pronouns and any variations thereof used herein shall be deemed to

refer to the masculine, feminine, impersonal, singular or plural, as the

identity of the person or persons may require.

(b) Neither this Note nor any provision hereof shall be waived, modified,

changed, discharged, terminated, revoked or canceled, except by an

instrument in writing signed by the party effecting the same against whom

any change, discharge or termination is sought.

(c) This Note may be executed in two or more counterparts, all of which taken

together shall constitute one instrument.  Execution and delivery of this

Note by exchange of facsimile copies bearing the facsimile signature of a

party shall constitute a valid and binding execution and delivery of this

Note by such party.  Such facsimile copies shall constitute enforceable

original documents.

(d) This Note represents the FINAL AGREEMENT between the Company and the

Holder and may not be contradicted by evidence of prior, contemporaneous,

or subsequent oral agreements of the parties, there are no unwritten oral

agreements among the parties.

(e) The execution, delivery and performance of this Note by the Company and

the consummation by the Company of the transactions contemplated hereby

and thereby will not (i) result in a violation of the Certificate of

Incorporation, any Certificate of Designations, Preferences and Rights of

any outstanding series of preferred stock of the Company or the By-laws,

or (ii) conflict with, or constitute a material default (or an event

which with notice or lapse of time or both would become a material

default) under, or give to others any rights of termination, amendment,

acceleration or cancellation of, any material agreement, contract,

indenture mortgage, indebtedness or instrument to which the Company or

any of its Subsidiaries is a party, or result in a violation of any law,

rule, regulation, order, judgment or decree, including United States

federal and state securities laws and regulations and the rules and

regulations of the principal securities exchange or trading market on

which the Common Stock is traded or listed (the "Principal Market"),

applicable to the Company or any of its Subsidiaries or by which any

property or asset of the Company or any of its Subsidiaries is bound or

affected.

Any misrepresentations shall be considered a breach of contract and

Default under this Note and the Holder may seek to take actions as

described under Article 5 of this Note.

IN WITNESS WHEREOF, the Company has duly executed this Note as of the Issuance 

Date first written above.

Two Hands Corporation        

  

Jordan Turk

________________________________

_____________________________

Name: Nadav Elituv                     

Name:  Jordan Turk

Title: CEO, Two Hands Corporation

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