Document:

Second Amended & Restated 1995 Stock Option Plan

 Exhibit 10.7 
  
 SECOND AMENDED & RESTATED 
  

1995 STOCK OPTION PLAN 
  
 of 
  
 METROPCS, INC. 
  
 ARTICLE ONE 
  
 GENERAL PROVISIONS 
  
 I. PURPOSE OF THE
PLAN 
  
 This Plan is intended to promote the interests of
MetroPCS, Inc. (formerly General Wireless, Inc.), a Delaware corporation, by providing eligible persons with the opportunity to acquire a proprietary interest, or otherwise increase their proprietary interest, in the Corporation as an incentive for
them to remain in the service of the Corporation. 
  
 Capitalized
terms herein shall have the meanings assigned to such terms in the attached Appendix A. 
  
 II. ADMINISTRATION OF THE PLAN 
  
 A. The Plan shall be administered by the Board. However, any or all administrative functions otherwise exercisable by the Board may be delegated to the Committee. Members of the Committee shall serve for such period of time as the Board may
determine and shall be subject to removal by the Board at any time. The Board may also at any time terminate the functions of the Committee and reassume all powers and authority previously delegated to the Committee. 
  
 B. The Plan Administrator shall have full power and authority (subject to the
provisions of the Plan) to establish such rules and regulations as it may deem appropriate for proper administration of the Plan and to make such determinations under, and issue such interpretations of, the Plan and any outstanding options as it may
deem necessary or advisable. Decisions of the Plan Administrator shall be final and binding on all parties who have an interest in the Plan or any option or shares issued thereunder. 
  
 III. ELIGIBILITY 
  
 A. The persons eligible to receive option grants under the Plan are as follows: 
  
 1. Employees, 
  
 2. non-employee members of the Board or the non-employee members of the board of directors of any Parent or Subsidiary, and 
  
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 3. consultants and other independent advisors who provide services to the Corporation (or any Parent or
Subsidiary). 
  
 B. The Plan Administrator shall have full
authority to determine which eligible persons are to receive option grants under the Plan, the time or times when such option grants are to be made, the number of shares to be covered by each such grant, the status of the granted option as either an
Incentive Option or a Non-Statutory Option, the time or times at which each option is to become exercisable, the vesting schedule (if any) applicable to the option shares and the maximum term for which the option is to remain outstanding.

  
 IV. STOCK SUBJECT TO THE PLAN 
  
 A. The stock issuable under the Plan shall be shares of authorized but
unissued or reacquired Class B Common Stock and Class C Common Stock. The maximum number of all shares of Common Stock of the Company which may be issued over the term of the Plan shall not exceed 24,643,000 shares (which has been adjusted for the
Company’s 60 for 1 stock split as of December 31, 2000) and the maximum number of shares of Class B Common Stock and Class C Common Stock which may be issued over the term of the Plan shall not exceed 18,500,000 shares and 6,143,000 shares,
respectively. The share reserve shall automatically increase from time to time so that the sum of (i) the Common Stock subject to outstanding options under the Plan and (ii) the total number of shares of Common Stock outstanding is at all times
equal to fifteen percent (15%) (or such other percentage as is then mandated by the FCC) of the total outstanding securities of the Corporation. Such adjustments are necessary in order to maintain the Corporation’s status as a Small Business.
In addition, during any calendar year in which any class of Common Stock is registered under Section 12(g) of the 1934 Act, the number of shares of Common Stock reserved for issuance under the Plan which are subject to options that may be granted to
any one Optionee shall not exceed 200,000 shares. 
  
 B. Shares of
Common Stock subject to outstanding options shall be available for subsequent issuance under the Plan to the extent (i) the options expire or terminate for any reason prior to exercise in full or (ii) the options are cancelled in accordance with the
cancellation-regrant provisions of Article Two. All shares of Common Stock issued under the Plan, whether or not those shares are subsequently repurchased by the Corporation pursuant to its repurchase rights under the Plan, shall reduce on a
share-for-share basis the number of shares of the related class of Common Stock available for subsequent issuance under the Plan. 
  
 C. Should any change be made to a class of Common Stock by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of
shares or other change affecting the outstanding shares of such class as a class without the Corporation’s receipt of consideration, appropriate adjustments shall be made to (i) the maximum number and/or classes of securities issuable under the
Plan and (ii) the number and/or classes of securities and the exercise price per share in effect under each outstanding option in order to prevent the dilution or enlargement of benefits thereunder. The adjustments determined by the Plan
Administrator shall be final, binding and conclusive. In no event shall any such adjustments be 
  
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 made in connection with the conversion of one or more outstanding shares of the Corporation’s preferred stock into
shares of any class of Common Stock. 
  
 ARTICLE TWO

  
 OPTION GRANT PROGRAM 
  
 I. OPTION TERMS 
  
 Each option shall be evidenced by one or more documents in the form approved
by the Plan Administrator, including without limitation the current form of the “Notice of Grant of Stock Option” attached hereto as Appendix B, together with the exhibits attached thereto; provided, however, that each such document shall
comply with the terms specified below. Each document evidencing an Incentive Option shall, in addition, be subject to the provisions of the Plan applicable to such options. 
  
 A. Exercise Price. 
  
 1. The exercise price per share shall be fixed by the Plan Administrator and may be less than, equal to or greater than the Fair Market Value per share
of the related class of Common Stock on the option grant date. Should any class of Common Stock be registered under Section 12(g) of the 1934 Act at the time the option is granted, the exercise price per share shall not be less than Fair Market
Value per share of the related class of Common Stock on the option grant date. 
  
 2. The exercise price shall become immediately due upon exercise of the option and shall, subject to the provisions of Section I of Article Three and the documents evidencing the option, be payable in cash or check
made payable to the Corporation. Should the related class of Common Stock be registered under Section 12(g) of the 1934 Act at the time the option is exercised, then the exercise price may also be paid as follows: 
  
 (i) in shares of such Common Stock held for the requisite
period necessary to avoid a charge to the Corporation’ s earnings for financial reporting purposes and valued at Fair Market Value on the Exercise Date, or 
  

(ii) to the extent the option is exercised for vested shares, through a special sale and remittance procedure pursuant to which the
Optionee shall concurrently provide irrevocable written instructions (A) to a Corporation designated brokerage firm to effect the immediate sale of the purchased shares and remit to the Corporation, out of the sale proceeds available on the
settlement date, sufficient funds to cover the aggregate exercise price payable for the purchased shares plus all applicable federal, state and local income and employment taxes required to be withheld by the Corporation by reason of such exercise
and (B) to the Corporation to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale. 
  
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 Except to the extent such sale and remittance procedure is utilized, payment of the exercise price for
the purchased shares must be made on the Exercise Date. The exercise price of an option may also be paid by the Optionee electing to use any outstanding amounts credited to the Optionee under the Corporation’s 1999 deferred compensation plan.

  
 B. Exercise and Term of Options. Each option
shall be exercisable at such time or times, during such period and for such number of shares as shall be determined by the Plan Administrator and as set forth in the documents evidencing the option. However, no option shall have a term in excess of
fifteen (15) years measured from the option grant date. 
  
 C.
Effect of Termination of Service. 
  
 1. The
following provisions shall govern the exercise of any options held by the Optionee at the time of cessation of Service or death: 
  
 (i) Any option outstanding at the time of the Optionee’s cessation of Service for any reason shall remain exercisable for such
period of time thereafter as shall be determined by the Plan Administrator and set forth in the documents evidencing the option, but no such option shall be exercisable after the expiration of the option term. 
  
 (ii) Any option exercisable in whole or in part by the
Optionee at the time of death may be exercised subsequently by the personal representative of the Optionee’s estate or by the person or persons to whom the option is transferred pursuant to the Optionee’s will or in accordance with the
laws of descent and distribution. 
  
 (iii)
During the applicable post-Service exercise period, the option may not be exercised in the aggregate for more than the number of vested shares for which the option is exercisable on the date of the Optionee’s cessation of Service. Upon the
expiration of the applicable exercise period or (if earlier) upon the expiration of the option term, the option shall terminate and cease to be outstanding for any vested shares for which the option has not been exercised. However, the option shall,
immediately upon the Optionee’s cessation of Service, terminate and cease to be outstanding to the extent the option is not otherwise at that time exercisable for vested shares. 
  
 (iv) Should the Optionee’s Service be terminated for Misconduct, then all outstanding options held by
the Optionee shall terminate immediately and cease to be outstanding. 
  
 (v) In the event of an Involuntary Termination following a Corporate Transaction, the provisions of Section III of this Article Two shall govern the period for which the outstanding options are to remain exercisable
following the Optionee’s cessation of Service and shall supersede any provisions to the contrary in this section. 
  
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 2. The Plan Administrator shall have the discretion, exercisable either at the time an option is granted
or at any time while the option remains outstanding, to: 
  
 (i) extend the period of time for which the option is to remain exercisable following Optionee’s cessation of Service from the limited period otherwise in effect for that option to such greater period of time as
the Plan Administrator shall deem appropriate, but in no event beyond the expiration of the option term, and/or 
  
 (ii) permit the option to be exercised, during the applicable post-Service exercise period, not only with respect to the number of vested
shares of the class of Common Stock for which such option is exercisable at the time of the Optionee’s cessation of Service, but also with respect to one or more additional installments in which the Optionee would have vested under the option
had the Optionee continued in Service. 
  
 D. Stockholder
Rights. The holder of an option shall have no stockholder rights with respect to the shares subject to the option until such person shall have exercised the option, paid the exercise price and become a holder of record of the purchased
shares. If any purchased shares are held as a result of the exercise of any options granted under the Plan, then such purchased shares and the holder thereof shall be subject to, and comply with, the Stockholders Agreement. 
  
 E. Unvested Shares. The Plan Administrator shall have the
discretion to grant options which are exercisable for unvested shares of Common Stock. Should the Optionee cease Service while holding such unvested shares, the Corporation shall have the right to repurchase, at the exercise price paid per share,
all or, at the discretion of the Corporation and with the consent of the Optionee, any of those unvested shares. The terms upon which such repurchase right shall be exercisable (including the period and procedure for exercise and the appropriate
vesting schedule for the purchased shares) shall be established by the Plan Administrator and set forth in the document evidencing such repurchase right. 
  
 F. First Refusal Rights. Until such time as a class of Common Stock is first registered under Section 12(g) of the 1934 Act, and subject to
the provisions of the Stockholders Agreement, the Corporation shall have the right of first refusal with respect to any proposed disposition by the Optionee (or any successor in interest) of any shares of such class of Common Stock issued under the
Plan. Such right of first refusal shall be exercisable in accordance with the terms established by the Plan Administrator and set forth in the document evidencing such right. 
  
 G. Limited Transferability of Options. During the lifetime of the Optionee, the option shall be exercisable
only by the Optionee and shall not be assignable or transferable other than by will or by the laws of descent and distribution following the Optionee’s death. However, a Non-Statutory Option may be assigned in whole or in part during
Optionee’s lifetime in accordance with the terms of a Qualified Domestic Relations Order. The assigned portion may only be exercised by the person or persons who acquire a proprietary interest in the option pursuant to such Qualified Domestic
Relations Order. The terms applicable to the assigned option (or portion thereof) shall be the same as those in effect for the option immediately prior to such assignment and shall be set forth in such documents issued to the assignee as the Plan

  
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 Administrator may deem appropriate. In addition, Non-Statutory Options may also be assigned in accordance with such other
terms and conditions as the Plan Administrator may deem appropriate at the time of the option grant. 
  
 Notwithstanding anything in the Plan to the contrary, to the extent specifically approved by the Plan Administrator, an option may be transferred by an
Optionee, without consideration, to his or her immediate family members or related family trusts, or similar entities affiliated with such Optionee, subject to such terms and conditions as the Plan Administrator may establish. 
  
 H. Trust Options. The Plan Administrator, in its sole
discretion, may from time to time grant options which shall be held in trust by the Optionee. The terms applicable to such option grants shall be set forth in the documents issued to the Optionee as trustee at the time of the option grant.

  
 I. Withholding. The Corporation’s
obligation to deliver shares of Common Stock upon the exercise of any options granted under the Plan shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements. 
  
 II. INCENTIVE OPTIONS 
  
 The terms specified below shall be applicable to all Incentive Options.
Except as modified by the provisions of this Section II, all the provisions of the Plan shall be applicable to Incentive Options. Options which are specifically designated as Non-Statutory Options shall not be subject to the terms of this Section
II. 
  
 A. Eligibility. Incentive Options may only
be granted to Employees. 
  
 B. Exercise Price. The
exercise price per share shall not be less than one hundred percent (100%) of the Fair Market Value per share of the related class of Common Stock on the option grant date. 
  
 C. Dollar Limitation. The aggregate Fair Market Value of the shares of all classes of Common Stock (determined
as of the respective date or dates of grant) for which one or more options granted to any Employee under the Plan (or any other option plan of the Corporation or any Parent or Subsidiary) may for the first time become exercisable as Incentive
Options during any one (1) calendar year shall not exceed the sum of One Hundred Thousand Dollars ($100,000). To the extent the Employee holds two (2) or more such options which become exercisable for the first time in the same calendar year, the
foregoing limitation on the exercisability of such options as Incentive Options shall be applied on the basis of the order in which such options are granted. 
  
 D. 10% Stockholder. If any Employee to whom an Incentive Option is granted is a 10% Stockholder, then the exercise price per share shall not
be less than one hundred ten percent (110%) of the Fair Market Value per share of the related class of Common Stock on the option grant date and the option term shall not exceed five (5) years measured from the option grant date. 
  
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 III. CORPORATE TRANSACTION 
  
 A. In the event of any Corporate Transaction, each outstanding option shall automatically accelerate so that each such
option shall, immediately prior to the effective date of the Corporate Transaction, become fully exercisable for all of the shares of the related class of Common Stock at the time subject to such option and may be exercised for any or all of those
shares as fully-vested shares of such class of Common Stock. 
  
 B. All outstanding repurchase rights shall also terminate automatically, and the shares of Common Stock subject to those terminated rights shall immediately vest in full, in the event of any Corporate Transaction. 
  
 C. Immediately following the consummation of the Corporate Transaction, all
outstanding options shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation (or parent thereof). 
  
 D. Each option which is assumed in connection with a Corporate Transaction shall be appropriately adjusted, immediately after such Corporate Transaction,
to apply to the number and class of securities which would have been issuable to the Optionee in consummation of such Corporate Transaction, had the option been exercised immediately prior to such Corporate Transaction. Appropriate adjustments shall
also be made to (i) the number and class of securities available for issuance under the Plan following the consummation of such Corporate Transaction and (ii) the exercise price payable per share under each outstanding option, provided the aggregate
exercise price payable for such securities shall remain the same. 
  
 E. In the event the Optionee’s Service should terminate by reason of an Involuntary Termination within eighteen (18) months following the effective date of such Corporate Transaction, any options shall remain exercisable for
fully-vested shares until the earlier of (i) the expiration of the option term or (ii) the expiration of the one (1) year period measured from the effective date of the Involuntary Termination. 
  
 F. The Plan Administrator shall have the discretion to grant options with
terms different from those described in this Section III. 
 G. The portion of any Incentive Option accelerated in connection with a
Corporate Transaction shall remain exercisable as an Incentive Option only to the extent the applicable One Hundred Thousand Dollar limitation is not exceeded. To the extent such dollar limitation is exceeded, the accelerated portion of such option
shall be exercisable as a NonStatutory Option under the federal tax laws. 
  
 H. The grant of options under the Plan shall in no way affect the right of the Corporation to adjust, reclassify, reorganize or otherwise change its capital or business structure 
  
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 or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 

 
 IV. REPRICING, CANCELLATION AND REGRANT OF OPTIONS 
  
 The Plan Administrator shall have the authority to effect, at any time and
from time to time, with the consent of the affected option holders, the re-pricing or cancellation of any or all outstanding options under the Plan and, if repriced or canceled, to grant in substitution new options covering the same or different
number of shares of the same class of Common Stock, in either case, with an exercise price per share as determined by the Plan Administrator, in its discretion. 
  

ARTICLE THREE 
  
 MISCELLANEOUS 
  
 I. [RESERVED] 
  
 II. EFFECTIVE DATE AND TERM OF PLAN 
  
 A. This second amendment and restatement of the Plan shall become effective when adopted by the Board. The Plan Administrator may grant options under the
Plan at any time after the effective date of the second amendment and restatement of the Plan and before the date fixed herein for termination of the Plan. 
  
 B. The Plan shall terminate upon the earliest of (i) the expiration of ten (10) years following the date the Plan was initially adopted by the Board, (ii)
the date on which all shares available for issuance under the Plan shall have been issued or (iii) the termination of all outstanding options in connection with a Corporate Transaction. Upon such Plan termination, all options and unvested stock
issuances outstanding under the Plan shall continue to have full force and effect in accordance with the provisions of the documents evidencing such options or issuances. 
  
 III. AMENDMENT OF THE PLAN 
  

A. The Board shall have complete and exclusive power and authority to amend or modify the Plan in any or all respects. However, no such amendment or
modification shall, without the consent of the Optionees, adversely affect their rights and obligations under their outstanding options. In addition, the Board shall not, without the approval of the Corporation’ s stockholders, (i) increase the
maximum number of shares issuable under the Plan, except for permissible adjustments in the event of certain changes in the Corporation’s capitalization, (ii) materially modify the eligibility requirements for Plan participation or (iii)
materially increase the benefits accruing to Plan participants. 
  
 B. Options may be granted under the Plan to purchase shares of any class of Common Stock in excess of the number of shares then available for issuance under the Plan, 
  
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 provided any such options actually granted may not be exercised until there is obtained stockholder approval of an
amendment sufficiently increasing the number of shares of such class of Common Stock available for issuance under the Plan. If such stockholder approval is not obtained within eighteen (18) months after the date the excess grants are first made,
then any options granted on the basis of such excess shares shall terminate and cease to be outstanding. 
  
 IV. USE OF PROCEEDS 
  
 Any cash proceeds received by the Corporation from the sale of shares of Common Stock under the Plan shall be used for general corporate purposes.

  
 V. REGULATORY APPROVALS 
  
 The implementation of the Plan, the granting of any option under the Plan and
the issuance of any shares of Common Stock upon the exercise of any option shall be subject to the Corporation’s procurement of all approvals and permits required by regulatory authorities having jurisdiction over the Plan, the options granted
under it and the shares of Common Stock issued pursuant to it. 
  
 VI. NO EMPLOYMENT OR SERVICE RIGHTS 
  
 Nothing in
the Plan shall confer upon the Optionee any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Parent or Subsidiary employing or retaining the
Optionee) or of the Optionee, which rights are hereby expressly reserved by each, to terminate the Optionee’s Service at any time for any reason, with or without cause. 
  
 APPENDIX A 
  
 The following definitions shall be in effect under the Plan: 
  
 A. Board shall mean the Corporation’s Board of Directors. 
  
 B. Class B Common Stock shall mean the Corporation’s Class B common stock. 
  
 C. Class C Common Stock shall mean the Corporation’s Class
C common stock. 
  
 D. Code shall mean the Internal
Revenue Code of 1986, as amended. 
  
 E. Committee
shall mean a committee of two (2) or more Board members appointed by the Board to exercise one or more administrative functions under the Plan. 
  
 F. Common Stock shall mean the Corporation’s Class B Common Stock and Class C Common Stock. 
  
 G. Corporate Transaction shall mean either of the following
stockholder-approved transactions to which the Corporation is a party: 
  
 (i) a merger or consolidation in which securities possessing more than fifty percent (50%) of the total combined voting power of the Corporation’s outstanding securities are transferred to a person or persons different from the persons
holding those securities immediately prior to such transaction, or 
  
 (ii) the sale, transfer or other disposition of all or substantially all of the Corporation’s assets in complete liquidation or dissolution of the Corporation. 
  
 H. Corporation shall mean MetroPCS, Inc., a Delaware corporation. 
  
 I. Domestic Relations Order shall mean any judgment, decree or
order (including approval of a property settlement agreement) which provides or otherwise conveys, pursuant to applicable state domestic relations laws (including community property laws), marital property rights to any spouse or former spouse of
the Optionee. 
  
 J. Employee shall mean an
individual who is in the employ of the Corporation (or any Parent or Subsidiary), subject to the control and direction of the employer entity as to both the work to be performed and the manner and method of performance. 
  
 K. Exercise Date shall mean the date on which the Corporation
shall have received written notice of the option exercise. 
  
 L.
Fair Market Value per share of any class of Common Stock on any relevant date shall be determined in accordance with the following provisions: 
  
 (i) If such class of Common Stock is at the time traded on the Nasdaq National Market, then the Fair Market Value shall be the closing selling price per
share of such class of Common Stock on the date in question, as such price is reported by the National 
  
 A-1 

 
Association Securities Dealers on the Nasdaq National Market or any successor system. If there is no closing selling price for such class of Common Stock on
the date in question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists. 
  
 (ii) If such class of Common Stock is at the time listed on any Stock Exchange, then the Fair Market Value shall be the closing selling price per share of
such class of Common Stock on the date in question on the Stock Exchange as determined by the Plan Administrator to be the primary market for such class of Common Stock, as such price is officially quoted in the composite tape of transactions on
such exchange. If there is no closing selling price for such class of Common Stock on the date in question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists. 
  
 (iii) If such class of Common Stock is at the time neither listed on any
Stock Exchange nor traded on the Nasdaq National Market, then the Fair Market Value shall be determined by the Plan Administrator after taking into account such factors as the Plan Administrator shall deem appropriate. 
  
 M. FCC shall mean the Federal Communications Commission.

  
 N. Incentive Option shall mean an option which
satisfies the requirements of Code Section 422. 
  
 O.
Involuntary Termination shall mean the termination of the Service of any individual which occurs by reason of 
  
 (i) such individual’s involuntary dismissal or discharge by the Corporation for reasons other than Misconduct, or 
  
 (ii) such individual’s voluntary resignation following (A) a change in
his or her position with the Corporation which materially reduces his or her level of responsibility, (B) a reduction in his or her level of compensation (including base salary, fringe benefits and participation in corporate-performance based bonus
or incentive programs) by more than fifteen percent (15%) or (C) a relocation of such individual’s place of employment by more than fifty (50) miles, provided and only if such change, reduction or relocation is effected without the
individual’s consent. 
  
 P. Misconduct shall
mean the commission of any act of fraud, embezzlement or dishonesty by the Optionee, any unauthorized use or disclosure by such person of confidential information or trade secrets of the Corporation (or any Parent or Subsidiary), or any other
intentional misconduct by such person adversely affecting the business or affairs of the Corporation (or any Parent or Subsidiary) in a material manner. The foregoing definition shall not be deemed to be inclusive of all the acts or omissions which
the Corporation (or any Parent or Subsidiary) may consider as grounds for the dismissal or discharge of any Optionee or other person in the Service of the Corporation (or any Parent or Subsidiary). 
  
 Q. 1934 Act shall mean the Securities Exchange Act of 1934, as
amended. 
  
 A-2 

 R. Non-Statutory Option shall mean an option not intended to satisfy the requirements of
Code Section 422. 
  
 S. Optionee shall mean any
person to whom an option is granted under the Plan. 
  
 T.
Parent shall mean any corporation (other than the Corporation) in an unbroken chain of corporations ending with the Corporation, provided each corporation in the unbroken chain (other than the Corporation) owns, at the time of the
determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 
  
 U. Permanent Disability shall mean the inability of the Optionee to engage in any substantial gainful activity
by reason of any medically determinable physical or mental impairment expected to result in death or to be of continuous duration of twelve (12) months or more. 
  

V. Plan shall mean the Second Amended & Restated 1995 Stock Option Plan of MetroPCS, Inc., as set forth in this document, and as the
same may be further amended or supplemented from time to time. 
  
 W. Plan Administrator shall mean either the Board or the Committee, to the extent the Committee is at the time responsible for the administration of the Plan. 
  
 X. Qualified Domestic Relations Order shall mean a Domestic Relations Order which substantially complies with
the requirements of Code Section 414(p). The Plan Administrator shall have the sole discretion to determine whether a Domestic Relations Order is a Qualified Domestic Relations Order. 
  
 Y. Service shall mean the provision of services to the Corporation (or any Parent or Subsidiary) by a person
in the capacity of an Employee, a non-employee member of the board of directors or a consultant or independent advisor, except to the extent otherwise specifically provided in the documents evidencing the option grant. 
  
 Z. Stockholders Agreement shall mean the Amended and Restated
Stockholders Agreement dated as of July 17, 2000, as amended by Amendment No. 1 thereto dated as of November 13, 2000, and as further as amended by Amendment No. 2 thereto dated as of January 4, 2001, by and among the Company, the Class A
Stockholders (consisting of Roger D. Linquist and C. Boyden Gray), the Class B Stockholders listed on Schedule 1 thereto, the Class C Stockholders listed on Schedule 2 thereto, the Series C Preferred Stockholders listed on Schedule 3 thereto, and
the Series D Preferred Stockholders listed on Schedule 4 thereto, as the same may be further amended or supplemented from time to time. 
  
 AA. Small Business shall mean a small business, as such term is defined under FCC rules and regulations. 
  
 BB. Stock Exchange shall mean either the American Stock
Exchange or the New York Stock Exchange. 
  
 A-3 

 CC. Subsidiary shall mean any corporation (other than the Corporation) in an unbroken chain
of corporations beginning with the Corporation, provided each corporation (other than the last corporation) in the unbroken chain owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total combined voting power
of all classes of stock in one of the other corporations in such chain. 
  
 DD. 10% Stockholder shall mean the owner of stock (as determined under Code Section 424(d)) possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Corporation (or any Parent or
Subsidiary). 
  

 A-4 

 APPENDIX B 
 Notice of Grant of Stock Option 
 [Begins on next page] 
  
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 MetroPCS, Inc. 
 NOTICE OF GRANT OF STOCK OPTION 
  
 Notice is hereby given of the following option grant (the “Option”) to purchase shares of Class      Common Stock of MetroPCS, Inc. (the “Corporation”):

  
 Optionee: 
  
 Grant Date: 
  
 Vesting Commencement Date: 
  
 Exercise Price:
$         /share 
  
 Number of Option Shares:     shares 
  
 Expiration Date: 
  
 Type of Option: Non-statutory Stock Option 
  
 Date Exercisable: [ Immediately Exercisable ] 
  
 Vesting Schedule: The Option Shares shall be unvested and subject to repurchase by the Corporation at the Exercise Price paid per share. Optionee shall acquire a vested interest in, and the Corporation’s repurchase right will
accordingly lapse with respect to, (i)              percent (            %) of the Option Shares upon
Optionee’s completion of              (            ) year of Service measured from the Vesting Commencement
Date and (ii) the balance of the Option Shares in a series of              (            ) successive equal monthly
installments upon Optionee’s completion of each additional month of Service over the             
(            ) month period of Service measured from the first anniversary of the Vesting Commencement Date. In no event shall any additional Option Shares vest after Optionee’s
cessation of Service. 
  
 Optionee understands and agrees that the
Option is granted subject to an in accordance with the terms of the Second Amended and Restated 1995 Stock Option Plan of MetroPCS, Inc. (the “Plan”). With respect to the options granted hereunder or otherwise granted under the Plan, the
Optionee further agrees to be bound by the terms of the Plan and the terms of the Option as set forth in the Stock Option Agreement attached hereto as Exhibit A. Optionee understands that any Option Shares purchased under the Option will be
subject to the terms set forth in the Stock Purchase Agreement (for Second Amended & Restated 1995 Stock Option Plan) attached hereto as Exhibit B. 
  

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 REPURCHASE RIGHTS. OPTIONEE HEREBY AGREES THAT ALL OPTION SHARES ACQUIRED UPON THE EXERCISE OF
THE OPTION SHALL BE SUBJECT TO CERTAIN REPURCHASE RIGHTS AND RIGHTS OF FIRST REFUSAL EXERCISABLE BY THE CORPORATION AND ITS ASSIGNS. THE TERMS OF SUCH RIGHTS ARE SPECIFIED IN THE ATTACHED STOCK PURCHASE AGREEMENT. 
  
 No Employment or Service Contract. Nothing in this Notice or in the
attached Stock Option Agreement or Plan shall confer upon Optionee any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Parent or Subsidiary
employing or retaining Optionee) or of Optionee, which rights are hereby expressly reserved by each, to terminate Optionee’s Service at any time for any reason, with or without cause. 
  
 Definitions. All capitalized terms in this Notice shall have the
meaning assigned to them in this Notice or in the attached Stock Option Agreement. 
  
 Date:                                     
                                        
    
  
 MetroPCS, Inc.

  
 By:                                      
                                        
       
 Name:                                     
                                         

 Title:                                     
                                        
    
                                       
                                        
             
  
 [Print Optionee Name] 
  
 By:                                      
                                        
       
 Address:                                     
                                      
                                       
                                        
             
  
 ATTACHMENTS 
 Exhibit A—Stock Option Agreement 
 Exhibit B—Stock Purchase Agreement 
  
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 EXHIBIT A 
  

STOCK OPTION AGREEMENT 
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 MetroPCS, INC. 
 NONQUALIFIED STOCK OPTION AGREEMENT 
  
 Optionee:
                                        
                                 
 [Print Name] 
  
 RECITALS 
  
 A. The Board has adopted the Plan for the purpose of retaining the services of selected Employees, non-employee members of the Board or the board of
directors of any Parent or Subsidiary and consultants and other independent advisors who provide services to the Corporation (or any Parent or Subsidiary). 
  
 B. Optionee is to render valuable services to the Corporation (or a Parent or Subsidiary), and this Agreement is executed pursuant to, and is intended to
carry out the purposes of, the Plan in connection with the Corporations grant of an option to Optionee. 
  
 C. All capitalized terms in this Agreement shall have the meaning assigned to them in the attached Appendix. 
  
 NOW, THEREFORE, it is hereby agreed as follows: 
  
 1. Grant of Option. The Corporation hereby grants to Optionee,
as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice. The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price. 

 
 2. Option Term. This option shall have a term of fifteen
(15) years measured from the Vesting Commencement Date and shall accordingly expire at the close of business on the Expiration Date, unless sooner terminated in accordance with Paragraph 5, 6 or 17. 
  
 3. Limited Transferability. Except as provided below, during
the lifetime of the Optionee, this option shall be exercisable only by Optionee and shall not be assignable or transferable other than by will or by the laws of descent and distribution following the Optionee’s death. With the consent of the
Plan Administrator, this option, or any part thereof, may be transferred by Optionee, without consideration, to one or more immediate family members of Optionee, including any entity the beneficiaries of which are immediate family members of
Optionee. The option may not be transferred by any such transferee, except by will or the laws of descent and distribution. Upon any transfer, the terms applicable to Optionee shall be equally applicable to the transferee, including, without
limitation, the Stock Purchase Agreement. 
  
 4. Dates of
Exercise. 
  
 (a) This option shall be immediately
exercisable for any or all of the Option Shares, whether or not the Option Shares are vested in accordance with the Vesting Schedule, and shall remain so exercisable until the Expiration Date or sooner termination of the option term under Paragraph
5, 6 or 17. Any unvested Option Shares purchased under this option 
  
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shall be subject to repurchase by the Corporation, at the Exercise Price paid per share, upon Optionee’s cessation of Service prior to vesting in those
Option Shares and shall not be assignable or transferable except as provided in the Purchase Agreement. 
  
 (b) Optionee shall, in accordance with the Vesting Schedule, vest in the Option Shares in one or more installments over his or her period of Service.
Vesting in the Option Shares may be accelerated pursuant to the provisions of Paragraph 6. In no event, however, shall any additional Option Shares vest following Optionee’s cessation of Service. 
  
 5. Cessation of Service. The option term specified in Paragraph
2 shall terminate (and this option shall cease to be outstanding) prior to the Expiration Date should any of the following provisions become applicable: 
  
 (i) Should Optionee cease to remain in Service for any reason (other than death, Permanent Disability or Misconduct) while this option is
outstanding, then Optionee shall have a period of three (3) months (commencing with the date of such cessation of Service) during which to exercise this option, but in no event shall this option be exercisable at any time after the Expiration Date.

  
 (ii) Should Optionee die while this option is
outstanding, then the personal representative of Optionee’s estate or the person or persons to whom the option is transferred pursuant to Optionee’s will or in accordance with the laws of descent and distribution shall have the right to
exercise this option. Such right shall lapse and this option shall cease to be outstanding upon the earlier of (i) the expiration of the twelve (12) month period measured from the date of Optionee’s death or (ii) the Expiration Date.

 (iii) Should Optionee cease Service by reason of Permanent Disability while this option is outstanding, then Optionee
shall have a period of twelve (12) months (commencing with the date of such cessation of Service) during which to exercise this option. In no event shall this option be exercisable at any time after the Expiration Date. 
  
 (iv) During the limited period of post-Service
exercisability, this option may not be exercised in the aggregate for more than the number of vested Option Shares for which the option is exercisable at the time of Optionee’s cessation of Service. Upon the expiration of such limited exercise
period or (if earlier) upon the Expiration Date, this option shall terminate and cease to be outstanding for any vested Option Shares for which the option has not been exercised. To the extent Optionee is not vested in the Option Shares at the time
of Optionee’s cessation of Service, this option shall immediately terminate and cease to be outstanding with respect to those shares. 
  
 (v) Should Optionee’s Service be terminated for Misconduct, then this option shall terminate immediately and cease to remain
outstanding. 
  
 (vi) In the event of a Corporate
Transaction, the provisions of Paragraph 6 shall govern the period for which this option is to remain exercisable following Optionee’s cessation of Service and shall supersede any provisions to the contrary in this paragraph. 
  
 6. Special Acceleration and Termination of Option. 

 
 (a) In the event of a Corporate Transaction, all the Option Shares at
the time subject to this option but not otherwise vested shall automatically vest and the Corporation’s repurchase rights with respect to those shares shall immediately terminate so that this option shall, immediately prior to the effective
date of the Corporate Transaction, become exercisable for any or all of the Option Shares as fully-vested shares of the related class of Common Stock. 
  
 (b) Immediately following the Corporate Transaction, this option, to the extent not previously exercised, shall terminate and cease to be outstanding,
except to the extent assumed by the successor corporation (or parent thereof) in connection with the Corporate Transaction. 
  
 (c) If this option is assumed in connection with a Corporate Transaction, then this option shall be appropriately adjusted, immediately after such
Corporate Transaction, to 
  
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 apply to the number and class of securities which would have been issuable to Optionee in consummation of such Corporate
Transaction had the option been exercised immediately prior to such Corporate Transaction, and appropriate adjustments shall also be made to the Exercise Price, provided the aggregate Exercise Price shall remain the same. 
  
 (d) Upon an Involuntary Termination of Optionee’s Service within
eighteen (18) months following a Corporate Transaction in which this option is assumed or replaced, this option may be exercised for any or all of the Option Shares that are fully vested at any time prior to the earlier of (i) the Expiration Date or
(ii) the expiration of the one (1)-year period measured from the date of the Involuntary Termination. This paragraph shall be in lieu of Section III.E. of Article Two of the Plan. 
  
 (e) This Agreement shall not in any way affect the right of the Corporation to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 
  
 7. Adjustment in Option Shares. Should any change be made to the related class of Common Stock by reason of any stock split, stock dividend,
recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock of such class as a class without the Corporation’s receipt of consideration, appropriate adjustments shall be made to (i) the
total number and/or class of securities subject to this option and (ii) the Exercise Price in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder. 
  
 8. Stockholder Rights. The holder of this option shall not have
any stockholder rights with respect to the Option Shares until such person shall have exercised the option, paid the Exercise Price and become a holder of record of the purchased shares. If any Option Shares are purchased pursuant to this Agreement
and the Plan, then such Option Shares 
  
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 so purchased and the holder thereof shall be subject to, and comply with, the Stockholders Agreement. 
  
 9. Manner of Exercising Option. 
  
 (a) In order to exercise this option with respect to all or any part of the
Option Shares for which this option is at the time exercisable, Optionee (or any other person or persons exercising the option) must take the following actions: 
  

(i) Execute and deliver to the Corporation a Purchase Agreement for the Option Shares for which the option is exercised. 

(ii) Pay the aggregate Exercise Price for the purchased shares in one or more of the following forms: 
  
 A. cash or check made payable to the Corporation and/or a
direction to the Corporation to apply a specified amount credited to the Optionee’s account under the Corporation’s 1999 deferred compensation plan; or 
  
 B. should the related class of Common Stock be registered under Section 12(g) of the 1934 Act at the time
the option is exercised, then the Exercise Price may also be paid as follows: 
  
 (1) in shares of such Common Stock held for the requisite period necessary to avoid a charge to the Corporation’s earnings for
financial reporting purposes and valued at Fair Market Value on the Exercise Date, or 
 (2) to the extent the option is
exercised for vested shares, through a sale and remittance procedure pursuant to which the Optionee shall concurrently provide irrevocable written instructions (x) to a Corporation designated brokerage firm to effect the immediate sale of the
purchased shares and remit to the Corporation, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate Exercise Price payable for the purchased shares plus all applicable federal, state and local income and
employment taxes required to be withheld by the Corporation by reason of such exercise and (y) to the Corporation to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale. 
  
 Except to the extent the sale and remittance procedure is utilized in
connection with the option exercise, payment of the Exercise Price must accompany the Purchase Agreement delivered to the Corporation in connection with the option exercise. 
  
                 (iii)
Furnish to the Corporation appropriate documentation that the person or persons exercising the option (if other than Optionee) have the right to exercise this option. 
  

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                 (iv) Execute and deliver to the Corporation such written representations as may be requested by the Corporation in order for it to comply with
the applicable requirements of federal and state securities laws. 
  
                 (v) Make appropriate arrangements with the Corporation (or Parent or Subsidiary employing or retaining Optionee) for the
satisfaction of all federal, state and local income and employment tax withholding requirements applicable to the option exercise. 
  
 (b) As soon as practical after the Exercise Date, the Corporation shall issue to or on behalf of Optionee (or any other person or persons exercising this
option) a certificate for the purchased Option Shares, with the appropriate legends affixed thereto. 
  
 (c) In no event may this option be exercised for any fractional shares. 
  
 10. REPURCHASE RIGHTS. ALL OPTION SHARES ACQUIRED UPON THE EXERCISE OF THIS OPTION SHALL BE SUBJECT TO
CERTAIN RIGHTS OF THE CORPORATION AND ITS ASSIGNS TO REPURCHASE THOSE SHARES IN ACCORDANCE WITH THE TERMS SPECIFIED IN THE PURCHASE AGREEMENT. 
  
 11. Compliance with Laws and Regulations. 
  
 (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee
with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the related class of Common Stock (or any other stock into which such Common
Stock is converted) may be listed for trading at the time of such exercise and issuance. 
  
 (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any class of Common Stock (or any other
stock into which such Common Stock is converted) pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the related class of Common Stock (or any other stock into which such Common Stock is
converted) as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals. 
  
 12. Successors and Assigns. Except to the extent otherwise provided in Paragraphs 3 and 6, the provisions of this Agreement shall inure to
the benefit of, and be binding upon, the Corporation and its successors and assigns and Optionee, Optionee’s assigns and the legal representatives, heirs and legatees of Optionee’s estate. 
  
 13. Notices. Any notice required to be given or delivered to
the Corporation under the terms of this Agreement shall be in writing and addressed to the Corporation at its principal corporate offices. Any notice required to be given or delivered to Optionee shall be in writing and addressed to Optionee at the
address indicated below Optionee’s signature line on the Grant Notice. All notices shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid and properly addressed to the party to be notified.

  
 14. [Reserved]. 
  
 15. Construction. This Agreement and the option evidenced
hereby are made and granted pursuant to the Plan and are in all respects limited by and subject to the terms of the Plan. All decisions of the Plan Administrator with respect to any question or issue arising under the Plan or this Agreement shall be
conclusive and binding on all persons having an interest in this option. 
  
 16. Governing Law. The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Texas without resort to that state’s conflict-of-laws rules.

  
 17. FCC Requirements. This option and any Option
Shares acquired upon exercise of this option shall be subject to the “Control Group” requirements of the Federal Communications Commission as such requirements are applied by the Board. 
  
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 APPENDIX 
  
 The following definitions shall be in effect under the Agreement: 
  
 A. Agreement shall mean this Stock Option Agreement.

  
 B. Board shall mean the Corporation’s Board
of Directors. 
  
 C. Class B Common Stock shall mean
the Corporation’s Class B common stock. 
  
 D. Class C
Common Stock shall mean the Corporation’s Class C common stock. 
  
 E. Code shall mean the Internal Revenue Code of 1986, as amended. 
  
 F. Common Stock shall mean either the Class B Common Stock or the Class C Common Stock, as applicable. 
  
 G. Corporate Transaction shall mean either of the following
stockholder approved transactions to which the Corporation is a party: 
  
 (i) a merger or consolidation in which securities possessing more than fifty percent (50%) of the total combined voting power of the Corporation’s outstanding securities are transferred to a person or persons
different from the persons holding those securities immediately prior to such transaction, or 
  
 (ii) the sale, transfer or other disposition of all or substantially all of the Corporation’s assets in complete liquidation or
dissolution of the Corporation. 
  
 H. Corporation
shall mean MetroPCS, Inc., a Delaware corporation. 
  
 I.
Employee shall mean an individual who is in the employ of the Corporation (or any Parent or Subsidiary), subject to the control and direction of the employer entity as to both the work to be performed and the manner and method of
performance. 
  
 J. Exercise Date shall mean the
date on which the option shall have been exercised in accordance with Paragraph 9 of the Agreement. 
  
 K. Exercise Price shall mean the exercise price per share as specified in the Grant 
  
 L. Expiration Date shall mean the date on which the option
expires as specified in the Grant Notice. 
  
 M. Fair Market
Value per share of any class of Common Stock (or any stock into which such Common Stock is converted) on any relevant date shall be determined in accordance with the following provisions: 
  
 (i) If such class of Common Stock (or such other stock) is at
the time traded on the Nasdaq National Market, then the Fair Market Value shall be the closing selling price per share of such class of Common Stock (or such other stock) on the date in 
  
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question, as the price is reported by the National Association of Securities Dealers on the Nasdaq National Market or any successor system. If there is no
closing selling price for such class of Common Stock (or such other stock) on the date in question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists. 
  
 (ii) If such class of Common Stock (or such other stock) is
at the time listed on any Stock Exchange, then the Fair Market Value shall be the closing selling price per share of such class of Common Stock (or such other stock) on the date in question on the Stock Exchange determined by the Plan Administrator
to be the primary market for such class of Common Stock (or such other stock), as such price is officially quoted in the composite tape of transactions on such exchange. If there is no closing selling price for such class of Common Stock (or such
other stock) on the date in question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists. 
  

(iii) If such class of Common Stock (or such other stock) is at the time neither listed on any Stock Exchange nor traded on the Nasdaq
National Market, then the Fair Market Value shall be determined by the Plan Administrator after taking into account such factors as the Plan Administrator shall deem appropriate. 
  
 N. Grant Date shall mean the date of grant of the option as specified in the Grant. 
  
 O. Grant Notice shall mean the Notice of Grant of Stock Option
accompanying the Agreement, pursuant to which Optionee has been informed of the basic terms of the option evidenced hereby. 
  
 P. Involuntary Termination shall mean the termination of Optionee’s Service which occurs by reason of 
  
 (i) Optionee’s dismissal or discharge by the
Corporation for reasons other than Misconduct, or 
  
 (ii) Optionee’s voluntary resignation following (A) a change in Optionee’s position with the Corporation (or Parent or Subsidiary employing Optionee) which materially reduces Optionee’s level of responsibility, (B) a
reduction in Optionee’s level of compensation (including base salary, fringe benefits and participation in corporate performance based bonus or incentive programs) by more than fifteen percent (15%) in the aggregate or (C) a relocation of
Optionee’s place of employment by more than fifty (50) miles from Optionee’s place of employment immediately prior to the Corporate Transaction, provided and only if such change, reduction or relocation is effected by the Corporation
without Optionee’s consent. 
  
 Q. Misconduct
shall mean the commission of any act of fraud, embezzlement or dishonesty by Optionee, any unauthorized use or disclosure by Optionee of confidential information or trade secrets of the Corporation (or any Parent or Subsidiary), or any other
intentional misconduct by Optionee adversely affecting the business or affairs of the Corporation (or any Parent or Subsidiary) in a material manner. The foregoing definition shall not be deemed 
  
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to be inclusive of all the acts or omissions which the Corporation (or any Parent or Subsidiary) may consider as grounds for the dismissal or discharge of
Optionee or any other individual in the Service of the Corporation (or any Parent or Subsidiary). 
  
 R. 1934 Act shall mean the Securities Exchange Act of 1934, as amended. 
  
 S. Non-Statutory Option shall mean an option not intended to satisfy the requirements of Code Section 422.

  
 T. Option Shares shall mean the number of shares
of Class B Common Stock or Class C Common Stock subject to the option as specified in the Grant Notice. 
  
 U. Optionee shall mean the person to whom the option is granted as specified in the Grant Notice. 
  
 V. Parent shall mean any corporation (other than the
Corporation) in an unbroken chain of corporations ending with the Corporation, provided each corporation in the unbroken chain (other than the Corporation) owns, at the time of the determination, stock possessing fifty percent (50%) or more of the
total combined voting power of all classes of stock in one of the other corporations in such chain. 
  
 W. Permanent Disability shall mean the inability of Optionee to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment which is expected to result in death or has lasted or can be expected to last for a continuous period of twelve (12) months or more. 
  
 X. Plan shall mean the Second Amended & Restated 1995 Stock Option Plan of MetroPCS, Inc., as the same may
be further amended or supplemented from time to time. 
  
 Y.
Plan Administrator shall mean either the Board or a committee of Board members, to the extent the committee is at the time responsible for the administration of the Plan. 
  
 Z. Purchase Agreement shall mean the stock purchase agreement in substantially the form of Exhibit B to the
Grant Notice. 
  
 AA. Service shall mean the
Optionee’s performance of services for the Corporation (or any Parent or Subsidiary) in the capacity of an Employee, a non-employee member of the board of directors or a consultant or independent advisor. 
  
 BB. Stock Exchange shall mean the American Stock Exchange or
the New York Stock Exchange. 
  
 CC. Subsidiary
shall mean any corporation (other than the Corporation) in an unbroken chain of corporations beginning with the Corporation, provided each corporation (other than the last corporation) in the unbroken chain owns, at the time of the determination,
stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 
  

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 DD. Vesting Commencement Date shall mean the date on which the option becomes exercisable
as specified in the Grant Notice. 
 EE. Vesting Schedule shall mean the vesting schedule specified in the Grant Notice, as such
vesting schedule is subject to acceleration in the event of a Corporate Transaction. 
  

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 EXHIBIT B 
  

STOCK PURCHASE AGREEMENT 
 (for
Second Amended & Restated 1995 Stock Option Plan) 
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 METROPCS, INC. 
  
 STOCK PURCHASE AGREEMENT 
 (for Second Amended & Restated 1995 Stock Option Plan) 
  
 This STOCK PURCHASE AGREEMENT (for Second Amended & Restated 1995 Stock Option Plan) made as of this
         day of                     , between MetroPCS, Inc., a Delaware corporation (the
“Corporation”),                            , optionee under the Plan (“Optionee”),
and                                 , Optionee’s spouse. 
  
 All capitalized terms in this Agreement shall have the meaning assigned to
them in this Agreement or in the attached Appendix. 
  
 A.
EXERCISE OF OPTION 
  
 1. Exercise.
Optionee hereby purchases              shares of Class          Common Stock (the “Purchased Shares”) pursuant to that
certain option (the “Option”) granted Optionee on                         ,
             (the “Grant Date”) to purchase up to
                     shares of Class          Common Stock under the Plan at the exercise price
of $                 per share (the “Exercise Price”). 
  
 2. Payment. Concurrently with the delivery of this Agreement to the Corporation, Optionee shall pay the Exercise Price for the Purchased
Shares in accordance with the provisions of the Option Agreement and shall deliver whatever additional documents may be required by the Option Agreement as a condition for exercise. 
  
 3. Stockholder Rights. Until such time as the Corporation exercises the Repurchase Right or the First Refusal
Right, Optionee (or any successor in interest) shall have all the rights of a stockholder (including voting, dividend and liquidation rights) with respect to the Purchased Shares, subject, however, to the transfer restrictions of Article B.

  
 4. Escrow. The Corporation shall have the right
to place the Purchased Shares in escrow. 
  
 5. Stockholders
Agreement. 
  
                 (i) The Purchased Shares are and shall be at all times subject to the terms and provisions of the Stockholders Agreement. Upon the acquisition
of the Purchased Shares the Optionee hereby agrees to become a party to the Stockholders Agreement and to execute a “Joinder Agreement for Stockholders Agreement” in substantially the form of Exhibit III attached hereto. 
  
                 (ii) The terms and provisions of this Agreement shall be subject and subordinate to the terms and provisions of the Stockholders Agreement. To
the extent that the terms and provisions set forth herein directly conflict with or contradict the terms and provisions of the Stockholders Agreement, the terms and provisions of the Stockholders Agreement shall control and be senior in right of
application; provided, however, that to the extent such terms and provisions of the Stockholders Agreement are not exercised 
  
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or applied, then the terms and provisions of this Agreement thereafter shall control and be applied. 
  
 B. SECURITIES LAW COMPLIANCE 
  
 1. Restricted Securities. The Purchased Shares have not been
registered under the Securities Act and are being issued to Optionee in reliance upon the exemption from such registration provided by the Securities Act or Rule 701 promulgated thereunder for stock issuances under compensatory benefit plans such as
the Plan. Optionee hereby confirms that Optionee has been informed that the Purchased Shares are restricted securities under the Securities Act and may not be resold or transferred unless the Purchased Shares are first registered under the federal
securities laws or unless an exemption from such registration is available. Accordingly, Optionee hereby acknowledges that Optionee is prepared to hold the Purchased Shares for an indefinite period and that Optionee is aware that Rule 144
promulgated under the Securities Act, which exempts certain resales of unrestricted securities, is not presently available to exempt the resale of the Purchased Shares from the registration requirements of the Securities Act. 
  
 2. Restrictions on Disposition of Purchased Shares. Optionee
shall make no disposition of the Purchased Shares (other than a Permitted Transfer) unless and until there is compliance with all of the following requirements: 
  
                 (i) Optionee
shall have provided the Corporation with a written summary of the terms and conditions of the proposed disposition. 
  
                 (ii) Optionee shall have complied with all
requirements of this Agreement applicable to the disposition of the Purchased Shares. 
  
                 (iii) Optionee shall have provided the
Corporation with written assurances, in form and substance satisfactory to the Corporation, that (a) the proposed disposition does not require registration of the Purchased Shares under the Securities Act or (b) all appropriate action necessary for
compliance with the registration requirements of the Securities Act or any exemption from registration available under the Securities Act (including Rule 144 thereof) has been taken. 
  
 The Corporation shall not be required (i) to transfer on its books any Purchased Shares which have been sold or transferred
in violation of the provisions of this Agreement or (ii) to treat as the owner of the Purchased Shares, or otherwise to accord voting, dividend or liquidation rights to, any transferee to whom the Purchased Shares have been transferred in
contravention of this Agreement. 
  
 3. Restrictive
Legends. The stock certificates for the Purchased Shares shall be endorsed with the following restrictive legends: 
  
 THE SHARES OF CLASS          COMMON STOCK OF METROPCS, INC. (THE “ISSUER”) REPRESENTED BY THIS
CERTIFICATE (THE “SECURITIES”) ARE SUBJECT TO THE TERMS AND PROVISIONS OF THE AMENDED & RESTATED STOCKHOLDERS AGREEMENT OF THE ISSUER (AS THE SAME MAY BE 
  
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AMENDED FROM TIME TO TIME, THE “STOCKHOLDERS AGREEMENT”) WHICH CONTAINS CERTAIN RESTRICTIONS ON TRANSFER. COMPLETE AND CORRECT COPIES OF THE
STOCKHOLDERS AGREEMENT ARE ON FILE AND AVAILABLE FOR INSPECTION AT THE PRINCIPAL OFFICE OF THE ISSUER. 
  
 THE SECURITIES ALSO ARE SUBJECT TO THE TERMS AND PROVISIONS OF THE STOCK PURCHASE AGREEMENT (FOR SECOND AMENDED & RESTATED 1995 STOCK OPTION PLAN)
BETWEEN THE REGISTERED HOLDER OF THE SECURITIES (OR THE PREDECESSOR IN INTEREST TO THE SECURITIES) AND THE ISSUER (AS THE SAME MAY BE AMENDED FROM TIME TO TIME, THE “STOCK PURCHASE AGREEMENT”) WHICH CONTAINS CERTAIN RESTRICTIONS ON
TRANSFER. COMPLETE AND CORRECT COPIES OF THE STOCK PURCHASE AGREEMENT ARE ON FILE AND AVAILABLE FOR INSPECTION AT THE PRINCIPAL OFFICE OF THE ISSUER. 
  
 THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”), OR ANY STATE SECURITIES OR BLUE SKY LAWS AND MAY NOT
BE OFFERED, SOLD, TRANSFERRED, HYPOTHECATED OR OTHERWISE ASSIGNED EXCEPT (1) PURSUANT TO A REGISTRATION STATEMENT WITH RESPECT TO SUCH SECURITIES WHICH IS EFFECTIVE UNDER THE ACT OR (2) PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION
UNDER THE ACT RELATING TO THE DISPOSITION OF SECURITIES AND (3) IN ACCORDANCE WITH APPLICABLE STATE SECURITIES AND BLUE SKY LAWS. 
  
 THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. 
  
 IN MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR OWN
EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING
AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. 
  
 INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. 
  
 4. Transferee Obligations. Each person (other than the
Corporation) to whom the Purchased Shares are transferred by means of a Permitted Transfer must, as a condition precedent to the validity of such transfer, acknowledge in writing to the Corporation that such person is bound by the provisions of this
Agreement and that the transferred shares are subject to (i) the Repurchase Right, (ii) the First Refusal Right and (iii) the Market Stand-Off, to the same extent such shares would be so subject if retained by Optionee. 
  
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 5. Market Stand-Off. 
  
 (a) In connection with any underwritten public offering by the Corporation of its equity securities pursuant to an
effective registration statement filed under the Securities Act, including the Corporation’s initial public offering, Owner shall not sell, make any short sale of, loan, hypothecate, pledge, grant any option for the purchase of, or otherwise
dispose or transfer for value or otherwise agree to engage in any of the foregoing transactions with respect to, any Purchased Shares without the prior written consent of the Corporation or its underwriters. Such restriction (the “Market
Stand-Off”) shall be in effect for such period of time from and after the effective date of the final prospectus for the offering as may be requested by the Corporation or such underwriters. In no event, however, shall such period exceed one
hundred eighty (180) days and the Market Stand-Off shall in all events terminate two (2) years after the effective date of the Corporation’s initial public offering. 
  
 (b) Owner shall be subject to the Market Stand-Off provided and only if the officers and directors of the Corporation are
also subject to similar restrictions. 
  
 (c) Any new,
substituted or additional securities which are by reason of any Recapitalization or Reorganization distributed with respect to the Purchased Shares shall be immediately subject to the Market Stand-Off, to the same extent the Purchased Shares are at
such time covered by such provisions. 
  
 (d) In order to enforce
the Market Stand-Off, the Corporation may impose stop-transfer instructions with respect to the Purchased Shares until the end of the applicable stand-off period. 
  
 C. REPURCHASE RIGHT 
  

1. Grant. The Corporation is hereby granted the right (the “Repurchase Right”), exercisable at any time during the ninety
(90)-day period following the date Optionee ceases for any reason to remain in Service or (if later) during the ninety (90)-day period following the execution date of this Agreement, to repurchase at the Exercise Price all or any portion of the
Purchased Shares in which Optionee is not, at the time of his or her cessation of Service, vested in accordance with the Vesting Schedule (such shares to be hereinafter referred to as the “Unvested Shares”). Unvested Shares shall not be
assignable or transferable except as provided in this Agreement. 
  
 2. Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Unvested Shares prior to the expiration of the ninety (90)-day exercise period. The notice shall
indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be
repurchased shall be delivered to the Corporation prior to the close of business on the date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalents
(including the cancellation of any purchase-money indebtedness), an amount equal to the Exercise Price previously paid for the Unvested Shares which are to be repurchased from Owner. 
  
 Page 4 

 3. Termination of the Repurchase Right. The Repurchase Right shall terminate with respect
to any Unvested Shares for which it is not timely exercised under Paragraph C.2. In addition, the Repurchase Right shall terminate and cease to be exercisable with respect to any and all Purchased Shares in which Optionee vests in accordance with
the Vesting Schedule. All Purchased Shares as to which the Repurchase Right lapses shall, however, remain subject to (i) the First Refusal Right and (ii) the Market Stand-Off. 
  
 4. Aggregate Vesting Limitation. If the Option is exercised in more than one increment so that Optionee is a
party to one or more other Stock Purchase Agreements (the “Prior Purchase Agreements”) which are executed prior to the date of this Agreement, then the total number of Purchased Shares as to which Optionee shall be deemed to have a
fully-vested interest under this Agreement and all Prior Purchase Agreements shall not exceed in the aggregate the number of Purchased Shares in which Optionee would otherwise at the time be vested, in accordance with the Vesting Schedule, had all
the Purchased Shares (including those acquired under the Prior Purchase Agreements) been acquired exclusively under this Agreement. 
  
 5. Recapitalization. Any new, substituted or additional securities or other property (including cash paid other than as a regular cash
dividend) which is by reason of any Recapitalization distributed with respect to the Purchased Shares shall be immediately subject to the Repurchase Right and any escrow requirements hereunder, but only to the extent the Purchased Shares are at the
time covered by such right or escrow requirements. Appropriate adjustments to reflect such distribution shall be made to the number and/or class of Purchased Shares subject to this Agreement and to the price per share to be paid upon the exercise of
the Repurchase Right in order to reflect the effect of any such Recapitalization upon the Corporation’s capital structure; provided, however, that the aggregate purchase price shall remain the same. 
  
 6. Corporate Transaction. The Repurchase Right shall lapse
immediately prior to the consummation of a Corporate Transaction. 
 D. RIGHT OF FIRST REFUSAL 
  
 1. Grant. The Corporation is hereby granted the right of first
refusal (the “First Refusal Right”), exercisable in connection with any proposed transfer of the Purchased Shares in which Optionee has vested in accordance with the Vesting Schedule. For purposes of this Article D, the term
“transfer” shall include any sale, assignment, pledge, encumbrance or other disposition of the Purchased Shares intended to be made by Owner, but shall not include any Permitted Transfer. 
  
 2. Notice of Intended Disposition. In the event any Owner of
Purchased Shares in which Optionee has vested desires to accept a bona fide third-party offer for the transfer of any or all of such shares (the Purchased Shares subject to such offer to be hereinafter referred to as the “Target Shares”),
Owner shall promptly (i) deliver to the Corporation written notice (the “Disposition Notice”) of the terms of the offer, including the purchase price and the identity of the third-party offeror, and (ii) provide satisfactory proof that the
disposition of the Target Shares to such third-party offeror would not be in contravention of the provisions set forth in Article B. 
  
 Page 5 

 3. Exercise of the First Refusal Right. The Corporation shall, for a period of forty-five
(45) days following receipt of the Disposition Notice, have the right to repurchase any or all of the Target Shares subject to the Disposition Notice upon the same terms as those specified therein or upon such other terms (not materially different
from those specified in the Disposition Notice) to which Owner consents. Such right shall be exercisable by delivery of written notice (the “Exercise Notice”) to Owner prior to the expiration of the forty-five (45)-day exercise period. If
such right is exercised with respect to all the Target Shares, then the Corporation shall effect the repurchase of such shares, including payment of the purchase price, not more than fifteen (15) business days after delivery of the Exercise Notice;
and at such time the certificates representing the Target Shares shall be delivered to the Corporation. 
  
 Should the purchase price specified in the Disposition Notice be payable in property other than cash or evidences of indebtedness, the Corporation shall
have the right to pay the purchase price in the form of cash equal in amount to the value of such property. If Owner and the Corporation cannot agree on such cash value within thirty (30) days after the Corporation’s receipt of the Disposition
Notice, the valuation shall be made by an appraiser of recognized standing selected by Owner and the Corporation or, if they cannot agree on an appraiser within forty-five (45) days after the Corporation’s receipt of the Disposition Notice,
each shall select an appraiser of recognized standing and the two (2) appraisers shall designate a third appraiser of recognized standing, whose appraisal shall be determinative of such value. The cost of such appraisal shall be shared equally by
Owner and the Corporation. The closing shall then be held on the later of (i) the fifteenth (15th) business day following delivery of the Exercise Notice or (ii) the fifteenth (15th) business day after such valuation shall have been made.

  
 4. Non-Exercise of the First Refusal Right. In
the event the Exercise Notice is not given to Owner prior to the expiration of the forty-five (45)-day exercise period, Owner shall have a period of thirty (30) days thereafter in which to sell or otherwise dispose of the Target Shares to the
third-party offeror identified in the Disposition Notice upon terms (including the purchase price) no more favorable to such third-party offeror than those specified in the Disposition Notice; provided, however, that any such sale or disposition
must not be effected in contravention of the provisions of Article B. The third-party offeror shall acquire the Target 
 Shares free and clear of the
Repurchase Right and the First Refusal Right, but the acquired shares shall remain subject to the provisions of Article B. In the event Owner does not effect such sale or disposition of the Target Shares within the specified thirty (30)-day period,
the First Refusal Right shall continue to be applicable to any subsequent disposition of the Target Shares by Owner until such right lapses. 
  
 5. Partial Exercise of the First Refusal Right. In the event the Corporation makes a timely exercise of the First Refusal Right with respect
to a portion, but not all, of the Target Shares specified in the Disposition Notice, Owner shall have the option, exercisable by written notice to the Corporation delivered within fifteen (15) business days after Owner’s receipt of the Exercise
Notice, to effect the sale of the Target Shares pursuant to either of the following alternatives: 
  
                 (i) sale or other disposition of all the
Target Shares to the third-party offeror identified in the Disposition Notice, but in full compliance with the requirements of Paragraph D.4, as if the Corporation did not exercise the First Refusal Right; or 
  
 Page 6 

                 (ii) sale to the Corporation of the portion of the Target Shares which the Corporation has elected to purchase, such sale to be effected in
substantial conformity with the provisions of Paragraph D.3. The First Refusal Right shall continue to be applicable to any subsequent disposition of the remaining Target Shares until such right lapses. 
  
 Failure of Owner to deliver timely notification to the Corporation shall be
deemed to be an election by Owner to sell the Target Shares pursuant to alternative (i) above. 
  
 6. Recapitalization/Reorganization. 
  
 (a) Any new, substituted or additional securities or other property which is by reason of any Recapitalization distributed with respect to the Purchased Shares shall be immediately subject to the First Refusal Right,
but only to the extent the Purchased Shares are at the time covered by such right. 
  
 (b) In the event of a Reorganization, the First Refusal Right shall remain in full force and effect and shall apply to the new capital stock or other property received in exchange for the Purchased Shares in
consummation of the Reorganization, but only to the extent the Purchased Shares are at the time covered by such right. 
  
 7. Lapse. The First Refusal Right shall lapse upon the earliest to occur of (i) the first date on which shares of the Common Stock are held
of record by more than five hundred (500) persons, (ii) a determination is made by the Board that a public market exists for the outstanding shares of Common Stock or (iii) a firm commitment underwritten public offering, pursuant to an effective
registration statement under the Securities Act, covering the offer and sale of the Common Stock in the aggregate amount of at least ten million dollars ($10,000,000). However, the Market Stand-Off shall continue to remain in full force and effect
following the lapse of the First Refusal Right. 
  
 E.
SPECIAL TAX ELECTION 
  
 The acquisition of the
Purchased Shares may result in adverse tax consequences which may be avoided or mitigated by filing an election under Section 83(b) of the Internal Revenue Code of 1986, as amended (“Code Section 83(b)”). Such election must be filed within
thirty (30) days after the date of this Agreement. A description of the tax consequences applicable to the acquisition of the Purchased Shares and the form for making the Code Section 83(b) election are set forth in Exhibit II. OPTIONEE SHOULD
CONSULT WITH HIS OR HER TAX ADVISOR TO DETERMINE THE TAX CONSEQUENCES OF ACQUIRING THE PURCHASED SHARES AND THE ADVANTAGES AND DISADVANTAGES OF FILING THE CODE SECTION 83(b) ELECTION. OPTIONEE ACKNOWLEDGES THAT IT IS OPTIONEE’S SOLE
RESPONSIBILITY, AND NOT THE CORPORATIONS, TO FILE A TIMELY ELECTION UNDER CODE SECTION 83(b), EVEN IF OPTIONEE REQUESTS THE CORPORATION OR ITS REPRESENTATIVES TO MAKE THIS FILING ON HIS OR HER BEHALF. 
  
 Page 7 

 F. GENERAL PROVISIONS 
  
 1. Assignment. The Corporation may assign the Repurchase Right and/or the First Refusal Right to any person or
entity selected by the Board, including (without limitation) one or more stockholders of the Corporation. 
  
 2. No Employment or Service Contract. Nothing in this Agreement or in the Plan shall confer upon Optionee any right to continue in Service
for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Parent or Subsidiary employing or retaining Optionee) or of Optionee, which rights are hereby expressly reserved by each, to
terminate Optionee’s Service at any time for any reason, with or without cause. 
  
 3. Notices. Any notice required to be given under this Agreement shall be in writing and shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, registered or certified,
postage prepaid and properly addressed to the party entitled to such notice at the address indicated below such party’s signature line on this Agreement or at such other address as such party may designate by ten (10) days advance written
notice under this paragraph to all other parties to this Agreement. 
  
 4. No Waiver. The failure of the Corporation in any instance to exercise the Repurchase Right or the First Refusal Right shall not constitute a waiver of any other repurchase rights and/or rights of first refusal that may
subsequently arise under the provisions of this Agreement or any other agreement between the Corporation and Optionee or Optionee’s spouse. No waiver of any breach or condition of this Agreement shall be deemed to be a waiver of any other or
subsequent breach or condition, whether of like or different nature. 
  
 5. Cancellation of Shares. If the Corporation shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with
the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in
accordance with this Agreement). Such shares shall be deemed purchased in accordance with the applicable provisions hereof, and the Corporation shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been
delivered as required by this Agreement. 
  
 6. Optionee
Undertaking. Optionee hereby agrees to take whatever additional action and execute whatever additional documents the Corporation may deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions
imposed on either Optionee or the Purchased Shares pursuant to the provisions of this Agreement. 
  
 7. Agreement is Entire Contract. This Agreement constitutes the entire contract between the parties hereto with regard to the subject matter
hereof. This Agreement is made pursuant to the provisions of the Plan and shall in all respects be construed in conformity with the terms of the Plan. 
  
 8. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas without resort to
that State’s conflict-of-laws rules. 
  
 9.
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. 
  
 10. Successors and Assigns. The provisions of this Agreement
shall inure to the benefit of, and be binding upon, the Corporation and its successors and assigns and upon Optionee, Optionee’s permitted assigns and the legal representatives, heirs and legatees of Optionee’s estate, whether or not any
such person shall have become a party to this Agreement and have agreed in writing to join herein and be bound by the terms hereof. 
  
 Page 8 

 IN WITNESS WHEREOF, the parties have executed this Stock Purchase Agreement (for Second Amended &
Restated 1995 Stock Option Plan) on the day and year first indicated above. 
  
 METROPCS, INC. 
  
 By:                                     
                                        
        
 Name:                                     
                                         

 Title:                                     
                                        
    
 Address:                                     
                                      
                                       
                                        
             
  
 NAME OF OPTIONEE 
  
 By:                                      
                                        
       
 Address:                                     
                                      
                                       
                                        
             
  
  

 Page 19 

 APPENDIX 
  

A. Board shall mean the Corporation’s Board of Directors. 
  
 B. Code Section 83(b) shall have the meaning set forth in Section E. 
  
 C. Committee shall mean a committee of two (2) or more members
of the Board appointed by the Board to exercise one or more administrative functions under the Plan. 
  
 D. Common Stock shall mean the Corporation’s Class Common Stock. 
  
 E. Corporate Transaction shall mean either of the following stockholder-approved transactions to which the
Corporation is a party: 
  

	 	i.	a merger or consolidation in which securities possessing more than fifty percent (50%) of the total combined voting power of the Corporation’s outstanding securities are
transferred to a person or persons different from the persons holding those securities immediately prior to such transaction, or 

	 	ii.	the sale, transfer or other disposition of all or substantially all of the Corporations assets in complete liquidation or dissolution of the Corporation. 

 
 F. Corporation shall have the meaning given such term in the
recitals. 
  
 G. Disposition Notice shall have the
meaning given such term in Section D.2. 
  
 H.
Employee shall mean an individual who is in the employ of the Corporation (or any Parent or Subsidiary), subject to the control and direction of the employer entity as to both the work to be performed and the manner and method of
performance. 
  
 I. Exercise Notice shall have the
meaning given such term in Section D.3. 
  
 J. Exercise
Price shall have the meaning given such term in Section A.1. 
  
 K. First Refusal Right shall have the meaning given such term in Section D.1 
  
 L. Grant Date shall have the meaning given such term in Section A.1. 
  
 M. Involuntary Termination shall mean the termination of the Service of any individual which occurs by reason
of: 
  

	 	i.	such individual’s involuntary dismissal or discharge by the Corporation for reasons other than Misconduct, or 

  

	 	ii.	such individual’s voluntary resignation following (A) a change in his or her position with the Corporation which materially reduces his or her level of responsibility, (B) a
reduction in his or her level of compensation 

  
 A-1

	 	 
(including base salary, fringe benefits and participation in corporate performance based bonus or incentive programs) by more than fifteen percent (15%) or
(C) a relocation of such individual’s place of employment by more than fifty (50) miles, provided and only if such change, reduction or relocation is effected without the individual’s consent. 

  
 N. Market Stand-Off shall have the meaning given such term in
Section B.5. 
  
 O. Misconduct shall mean the
commission of any act of fraud, embezzlement or dishonesty by the Optionee, any unauthorized use or disclosure by such person of confidential information or trade secrets of the Corporation (or any Parent or Subsidiary), or any other intentional
misconduct by such person adversely affecting the business or affairs of the Corporation (or any Parent or Subsidiary) in a material manner. The foregoing definition shall not be deemed to be inclusive of all the acts or omissions which the
Corporation (or any Parent or Subsidiary) may consider as grounds for the dismissal or discharge of any Optionee or other person in the Service of the Corporation (or any Parent or Subsidiary). 
  
 P. Option shall have the meaning given such term in Section
A.1. 
  
 Q. Option Agreement shall mean that Stock
Option Agreement attached to the Notice of Grant and Stock Option between the Optionee and MetroPCS, Inc. 
  
 R. Optionee shall have the meaning given such term in the recitals. 
  
 S. Owner shall mean any Person or Persons having a beneficial ownership in the Purchased Shares. 

 
 T. Parent shall mean any corporation (other than the
Corporation) in an unbroken chain of corporations ending with the Corporation, provided each corporation in the unbroken chain (other than the Corporation) owns, at the time of the determination, stock possessing fifty percent (50%) or more of the
total combined voting power of all classes of stock in one of the other corporations in such chain. 
  
 U. Permitted Transfer means (i) any transfer of the Purchased Shares without consideration to an immediate family member or related family
trust or similar entities subject to the terms and conditions as the Plan Administrator may establish, (ii) a transfer to Corporation or (iii) any other transfer approved by the Plan Administrator. 
  
 V. Person means an individual, partnership, corporation,
limited liability company, association, trust, unincorporated organization, or a government or agency or political subdivision thereof. 
  
 W. Plan shall mean the Second Amended & Restated 1995 Stock Option Plan of the Corporation, as the same may be further amended or
supplemented from time to time. 
  
 X. Plan
Administrator shall mean either the Board or the Committee, to the extent the Committee is at the time responsible for the administration of the Plan. 
  

A-2 

 Y. Prior Purchase Agreements shall have the meaning given such term in Section C.4.

  
 Z. Purchased Shares shall have the meaning given
such term in Section A.1. 
  
 AA. Recapitalization
shall mean any occurrence whereby the stock, bonds or other securities of the Corporation are adjusted as to type, amount, income or priority. 
  
 BB. Reorganization shall mean any adjustment made in the capital structure of the Corporation the result of which is the retirement of old
securities and issuance of new securities. 
  
 CC.
Repurchase Right shall have the meaning given such term in Section C.1. 
  
 DD. Securities Act shall mean the Securities Act of 1933, as amended. 
  
 EE. Service shall mean the provision of services to the Corporation (or any Parent or Subsidiary) by a person in the capacity of an
Employee, a non-employee member of the board of directors or a consultant or independent advisor, except to the extent otherwise specifically provided in the documents evidencing the option grant. 
  
 FF. Stockholders Agreement shall mean the Amended &
Restated Stockholders Agreement dated as of July 17, 2000, as amended and supplemented from time to time, by and among the Company, the Class A Stockholders (consisting of Roger D. Linquist and C. Boyden Gray), the Class B Stockholders listed on
Schedule 1 thereto, the Class C Stockholders listed on Schedule 2 thereto, the Series C Preferred Stockholders listed on Schedule 3 thereto, and the Series D Preferred Stockholders listed on Schedule 4 thereto. 
  
 GG. Subsidiary shall mean any corporation (other than the
Corporation) in an unbroken chain of corporations beginning with the Corporation, provided each corporation (other than the last corporation) in the unbroken chain owns, at the time of the determination, stock possessing fifty percent (50%) or more
of the total combined voting power of all classes of stock in one of the other corporations in such chain. 
  
 HH. Target Shares shall have the meaning given such term in Section D.2. 
  
 II. Unvested Shares shall have the meaning given such term in Section C.1. 
  
 JJ. Vesting Schedule shall mean that schedule setting forth
with respect to each Optionee the number and type of Options granted pursuant to the Plan and the dates upon which such Options vest. 
  
 A-3 

 EXHIBIT I 
 ASSIGNMENT SEPARATE FROM CERTIFICATE 
  
 FOR VALUE RECEIVED
                                        
                                        
         hereby sell(s), assign(s) and transfer(s) unto MetroPCS, Inc. (the “Corporation”),
                                
(            ) shares of the Class          Common Stock of the Corporation standing in his or her name on the books of the Corporation
represented by Certificate No.                     herewith and does hereby irrevocably constitute and appoint
                                        
     to transfer the said stock on the books of the Corporation with full power of substitution in the premises. 
  
 Dated:
                                        
         
  
                                       
                                        
             
 Signature 
  
 Instruction: Please do not fill in any blanks other than the signature line. Please
sign exactly as you would like your name to appear on the issued stock certificate. The purpose of this assignment is to enable the Corporation to exercise the Repurchase Right without requiring additional signatures on the part of Optionee.

  
 A-4 
  

 EXHIBIT II 
  
 FEDERAL INCOME TAX CONSEQUENCES AND 
 SECTION 83(b) TAX ELECTION 
  
 Federal Income Tax Consequences and Section 83(b) Election For Exercise of NonStatutory Option. If the Purchased Shares are acquired pursuant to the exercise of a NonStatutory Option, as specified in the Notice of Grant of
Stock Option, then under Section 83 of the Internal Revenue Code of 1986, as amended, the excess of the Fair Market Value of the Purchased Shares on the date any forfeiture restrictions applicable to such shares lapse over the Exercise Price paid
for such shares will be reportable as ordinary income on the lapse date. For this purpose, the term “forfeiture restrictions” includes the right of the Corporation to repurchase the Purchased Shares pursuant to the Repurchase Right.
However, Optionee may elect under Code Section 83(b) to be taxed at the time the Purchased Shares are acquired, rather than when and as such Purchased Shares cease to be subject to such forfeiture restrictions. Such election must be filed with the
Internal Revenue Service within thirty (30) days after the date of the Agreement. Even if the Fair Market Value of the Purchased Shares on the date of the Agreement equals the Exercise Price paid (and thus no tax is payable), the election must be
made to avoid adverse tax consequences in the future. The form for making this election is attached as part of this exhibit. FAILURE TO MAKE THIS FILING WITHIN THE APPLICABLE THIRTY (30) DAY PERIOD WILL RESULT IN THE RECOGNITION OF ORDINARY INCOME
BY OPTIONEE AS THE FORFEITURE RESTRICTIONS LAPSE. 
  
 Capitalized
terms used herein but not otherwise defined shall have the meaning ascribed to them in the Stock Purchase Agreement (for Second Amended & Restated 1995 Stock Option Plan) between MetroPCS, Inc. and
             and             , or in the Second Amended & Restated 1995 Stock Option Plan. 
  
 A-5 

 SECTION 83(b) ELECTION 
  
 This statement is being made under Section 83(b) of the Internal Revenue Code, pursuant to Treas. Reg. Section 1.83-2.

  

	(1)	The taxpayer who performed the services is: 

	    	Name: 

	    	Address: 

	    	Taxpayer Id. No.: 

  

	(2)	The property with respect to which the election is being made is shares of the Class          common stock of MetroPCS, Inc.

  

	(3)	The property was issued on                         ,
            . 

  

	(4)	The taxable year in which the election is being made is the calendar year             . 

 

	(5)	The property is subject to a repurchase right pursuant to which the issuer has the right to acquire the property at the original purchase price if for any reason taxpayer’s
Employment with the issuer is terminated. The issuer’s repurchase right lapses in a series of annual and monthly installments over a             -year period ending on
                        ,             .

  

	(6)	The fair market value at the time of transfer (determined without regard to any restriction other than a restriction which by its terms will never lapse) is
$                 per share. 

  

	(7)	The amount paid for such property is $             per share. 

  

	(8)	A copy of this statement was famished to MetroPCS, Inc. for whom taxpayer rendered the services underlying the transfer of property. 

  

	(9)	This statement is executed on
                            ,
            . 

  

			
	
	  	

	 Spouse (if any)
	  	Taxpayer

  
 This election must be filed with the
Internal Revenue Service Center with which taxpayer files his or her federal income tax returns and must be made within thirty (30) days after the execution date of the Stock Purchase Agreement. This filing should be made by registered or certified
mail, return receipt requested. Optionee must retain two (2) copies of the completed form for filing with his or her federal and state tax returns for the current tax year and an additional copy for his or her records. 
  

 A-6 

 EXHIBIT III 
  
 JOINDER AGREEMENT 
 for STOCKHOLDERS AGREEMENT 
 (Stock Option Plan Optionee Purchaser) 
  
 Upon the acquisition of shares of the Common Stock of MetroPCS, Inc. pursuant
to the Stock Purchase Agreement (for Second Amended & Restated 1995 Stock Option Plan) between MetroPCS, Inc. and the undersigned, as the “Optionee” thereunder, and as a Stockholder of the Company, the undersigned hereby agrees to
become a party to that certain Stockholders Agreement, which consists of the Amended & Restated Stockholders Agreement, dated as of July 17, 2000, as amended and supplemented from time to time, by and among the Company, the Class A Stockholders
(consisting of Roger D. Linquist and C. Boyden Gray), the Class B Stockholders listed on Schedule 1 thereto, the Class C Stockholders listed on Schedule 2 thereto, the Series C Preferred Stockholders listed on Schedule 3 thereto, and the Series D
Preferred Stockholders listed on Schedule 4 thereto (collectively, the “Stockholders Agreement”). Initially capitalized terms used herein, but not otherwise defined herein, shall have the meanings assigned to such terms in the
Stockholders Agreement. 
  
 The mailing and e-mail addresses and
fax number to which notices should be sent to the undersigned are set forth below. 
  
 STOCKHOLDER: 
  
                                       
                                        
             
 Print Name of Stockholder 

 
 By:                                      
                                        
       
 Name:                                     
                                         

 Title:                                     
                                        
    
  
 Mailing
Address:                                     
                                      
                                       
                                        
                               
                                       
                                        
                               
  
 Email
Address:                                      
                                        

 (if available) 
 Fax
Number:                                       
                                        
    
 (if available) 
  
  

 A-7MetroPCS Communications, Inc. 2004 Equity Incentive Compensation Plan

 Exhibit 10.8 
  
 METROPCS COMMUNICATIONS, INC. 
  

2004 EQUITY INCENTIVE COMPENSATION PLAN 

 METROPCS COMMUNICATIONS, INC. 
  
 2004 EQUITY INCENTIVE COMPENSATION PLAN 
  
 Table of Contents 
  

					
	ARTICLE I INTRODUCTION	  	1
	        1.1	  	Purpose	  	1
	1.2	  	Definitions	  	1
	1.3	  	Shares Subject to the Plan	  	6
	1.4	  	Administration of the Plan	  	6
	1.5	  	Granting of Awards to Participants	  	7
	1.6	  	Leave of Absence	  	7
	1.7	  	Term of Plan	  	7
	1.8	  	Amendment and Discontinuance of the Plan	  	7
		
	ARTICLE II NON-QUALIFIED OPTIONS	  	8
	2.1	  	Eligibility	  	8
	2.2	  	Exercise Price	  	8
	2.3	  	Terms and Conditions of Non-Qualified Options	  	8
	2.4	  	Option Repricing	  	9
	2.5	  	Vesting	  	10
	2.6	  	Unvested Shares	  	10
		
	ARTICLE III INCENTIVE OPTIONS	  	10
	3.1	  	Eligibility	  	10
	3.2	  	Exercise Price	  	10
	3.3	  	Dollar Limitation	  	10
	3.4	  	10% Stockholder	  	10
	3.5	  	Incentive Options Not Transferable	  	11
	3.6	  	Compliance with Code Section 422	  	11
	3.7	  	Limitations on Exercise	  	11
		
	ARTICLE IV PURCHASED STOCK	  	11
	4.1	  	Eligibility	  	11
	4.2	  	Purchase Price	  	11
	4.3	  	Payment of Purchase Price	  	11
		
	ARTICLE V BONUS STOCK	  	11
		
	ARTICLE VI STOCK APPRECIATION RIGHTS AND PHANTOM STOCK	  	12
	6.1	  	Stock Appreciation Rights	  	12
	6.2	  	Phantom Stock Awards	  	12
		
	ARTICLE VII RESTRICTED STOCK	  	13
	7.1	  	Eligibility	  	13
	7.2	  	Restrictions, Restricted Period and Vesting	  	13
	7.3	  	Forfeiture of Restricted Stock	  	14
	7.4	  	Delivery of Shares of Common Stock	  	14

  
 i 

					
		
	ARTICLE VIII PERFORMANCE AWARDS	  	14
	        8.1  	  	Performance Awards	  	14
	8.2  	  	Performance Goals	  	14
		
	ARTICLE IX OTHER STOCK OR PERFORMANCE-BASED AWARDS	  	16
		
	ARTICLE X CERTAIN PROVISIONS APPLICABLE TO ALL AWARDS	  	16
	10.1  	  	General	  	16
	10.2  	  	Stand-Alone, Additional, Tandem, and Substitute Awards	  	17
	10.3  	  	Term of Awards	  	17
	10.4  	  	Form and Timing of Payment under Awards; Deferrals	  	17
	10.5  	  	Vested and Unvested Awards	  	18
	10.6  	  	Exemptions from Section 16(b) Liability	  	18
	10.7  	  	Securities Requirements	  	18
	10.8  	  	Transferability	  	19
	10.9  	  	Rights as a Stockholder	  	19
	10.10	  	Listing and Registration of Shares of Common Stock	  	19
	10.11	  	Termination of Employment, Death, Disability and Retirement	  	20
	10.12	  	Change in Control	  	21
		
	ARTICLE XI WITHHOLDING FOR TAXES	  	22
		
	ARTICLE XII MISCELLANEOUS	  	22
	12.1  	  	No Rights to Awards or Uniformity Among Awards	  	22
	12.2  	  	Conflicts with Plan	  	22
	12.3  	  	No Right to Employment	  	22
	12.4  	  	Governing Law	  	22
	12.5  	  	Gender, Tense and Headings	  	22
	12.6  	  	Severability	  	23
	12.7  	  	Other Laws	  	23
	12.8  	  	Shareholder Agreements	  	23
	12.9  	  	Funding	  	23
	12.10	  	No Guarantee of Tax Consequences	  	23

  
 -ii- 

 METROPCS COMMUNICATIONS, INC. 
 2004 EQUITY INCENTIVE COMPENSATION PLAN 
  
 ARTICLE I 
 INTRODUCTION 
  
 1.1 Purpose. The MetroPCS Communications, Inc. 2004 Equity Incentive
Compensation Plan (the “Plan”) is intended to promote the interests of MetroPCS Communications, Inc., a Delaware corporation, (the “Company”) and its stockholders by encouraging Employees, Consultants
and Non-Employee Directors of the Company or its Affiliates (as defined below) to acquire or increase their equity interests in the Company, thereby giving them an added incentive to work toward the continued growth and success of the Company. The
Board of Directors of the Company (the “Board”) also contemplates that through the Plan, the Company and its Affiliates will be better able to compete for the services of the individuals needed for the continued growth and
success of the Company. The Plan provides for payment of various forms of incentive compensation and accordingly is not intended to be a plan that is subject to the Employee Retirement Income Security Act of 1974, as amended, and shall be
administered accordingly. 
  
 1.2 Definitions. As used in
the Plan, the following terms shall have the meanings set forth below: 
  
 “Affiliate” means (i) any entity in which the Company, directly or indirectly, owns 10% or more of the combined voting power, as determined by the Committee, (ii) any “parent corporation” of
the Company (as defined in section 424(e) of the Code), (iii) any “subsidiary corporation” of any such parent corporation (as defined in section 424(f) of the Code) of the Company and (iv) any trades or businesses, whether or not
incorporated which are members of a controlled group or are under common control (as defined in Sections 414(b) or (c) of the Code) with the Company. 
  
 “Awards” means, collectively, Options, Purchased Stock, Bonus Stock, Stock Appreciation Rights, Phantom Stock, Restricted
Stock, Performance Awards, or Other Stock or Performance-Based Awards. 
  
 “Board” means the board of directors described in Section 1.1 of the Plan. 
  
 “Bonus Stock” means Common Stock described in Article V of the Plan. 
  
 “Change of Control” shall be deemed to have
occurred upon any of the following events: 
  
 (i) any “person” (as defined in Section 3(a)(9) of the Exchange Act, and as modified in Section 13(d) and 14(d) of the Exchange Act) other than (A) the Company or any of its subsidiaries, (B) any employee benefit plan of the
Company or any of its subsidiaries, (C) or any Affiliate, (D) a company owned, 

 directly or indirectly, by stockholders of the Company in substantially the same proportions as their
ownership of the Company, or (E) an underwriter temporarily holding securities pursuant to an offering of such securities (a “Person”), becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or
indirectly, of securities of the Company representing more than 50% of the shares of voting stock of the Company then outstanding; 
  
 (ii) the consummation of any merger, organization, business combination or consolidation of the Company or one of its subsidiaries with or
into any other company, other than a merger, reorganization, business combination or consolidation which would result in the holders of the voting securities of the Company outstanding immediately prior thereto holding securities which represent
immediately after such merger, reorganization, business combination or consolidation more than 50% of the combined voting power of the voting securities of the Company or the surviving company or the parent of such surviving company; 
  
 (iii) the consummation of a sale or disposition by the
Company of all or substantially all of the Company’s assets, other than a sale or disposition if the holders of the voting securities of the Company outstanding immediately prior thereto hold securities immediately thereafter which represent
more than 50% of the combined voting power of the voting securities of the acquiror, or parent of the acquiror, of such assets; 
  
 (iv) the stockholders of the Company approve a plan of complete liquidation or dissolution of the Company; or 
  
 (v) individuals who, as of the Effective Date, constitute the
Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the Effective Date whose election by the Board, was approved
by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption
of office occurs as a result of an election contest with respect to the election or removal of directors or other solicitation of proxies or consents by or on behalf of a person other than the Board. 
  
 “Code” means the Internal Revenue Code of
1986, as amended from time to time, and the rules and regulations thereunder. 
  
 “Committee” means the compensation committee of the Board which shall consist of not less than two members of the Board, each of whom shall qualify as a “non-employee director” (as that term
is defined in Rule 16b-3 of the General Rules and Regulations under the Exchange Act) appointed by and serving at the pleasure of the Board to administer the Plan or, if none, the Board; provided however, that with respect to any Award granted to a
Covered Employee which is 
  
 -2- 

 intended to be “performance-based compensation” as described in Section 162(m)(4)(C) of the
Code, the Committee shall consist solely of two or more “outside directors” as described in Section 162(m)(4)(C)(i) of the Code. 
  
 “Common Stock” means the Company’s Class C Common Stock. 
  
 “Company” means the corporation described in
Section 1.1 of the Plan or any successor thereto which assumes and continues the Plan. 
  
 “Consultant” means any individual, other than a Director or an Employee, who renders consulting or advisory services to
the Company or an Affiliate, provided such services are not in connection with the offer or sale of securities in a capital-raising transaction. 
  
 “Covered Employee” shall mean any of the Chief Executive Officer of the Company and the four highest paid officers of the
Company other than the Chief Executive Officer as described in Section 162(m)(3) of the Code. 
  
 “Disability” means an inability to perform the Employee’s or Non-Employee Director’s material services for the
Company for a period of 90 consecutive days or a total of 180 days, during any 365-day period, in either case as a result of incapacity due to mental or physical illness, which is determined to be total and permanent. A determination of Disability
shall be made by a physician satisfactory to both the Participant (or his guardian) and the Company, provided that if the Employee or Non-Employee Director (or his guardian) and the Company do not agree on a physician, the Employee or Non-Employee
Director and the Company shall each select a physician and these two together shall select a third physician, whose determination as to Disability shall be final, binding and conclusive with respect to all parties. Notwithstanding the above,
eligibility for disability benefits under any policy for long-term disability benefits provided to the Participant by the Company shall conclusively establish the Participant’s disability. 
  
 “Effective Date” means the date that it is
(i) adopted by the Board; and (ii) approved by shareholders of the Company, provided that such shareholder approval occurs not more than one year prior to or after the date of such adoption. The provisions of the Plan are applicable to all Awards
granted on or after the Effective Date. 
  
 “Employee” means any employee of the Company or an Affiliate. 
  
 “Employment” includes any period in which a Participant is an Employee of the Company or an Affiliate. 
  
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
  
 -3- 

 “Fair Market Value or FMV Per Share”. The Fair Market Value or FMV Per
Share of the Common Stock as of the determination date shall be the closing price on the principal exchange or over-the-counter market on which such shares are trading, if any, or as reported on any composite index which includes such principal
exchange, for the date of the determination, or if no trade of the Common Stock shall have been reported for such date, the closing price quoted on such exchange or market for the most recent trade prior to the determination date. The term
“closing price” shall mean (i) if the shares of Common Stock are listed or admitted for trading on a national securities exchange, the last reported sales price on the determination date, or, in case no such reported sale takes place on
such day or days, the average of the high and low sales prices reported for the most recent trade prior to the determination date, in either case on the principal national securities exchange on which the shares of Common Stock are listed or
admitted for trading, or (ii) if the shares of Common Stock are not listed or admitted for trading on a national securities exchange, (A) the last transaction price on the determination date of the shares of Common Stock on the Nasdaq Stock Market,
Inc. (“NASDAQ”) or, in the case no such reported transaction takes place on such day, the average of the high and low sales prices reported on NASDAQ for the most recent trade prior to the determination date, or (B) if the shares of Common
Stock are not quoted on NASDAQ on the determination date, the average of the closing bid and asked prices of the shares of Common Stock on the determination date in the over-the-counter market, as reported by The National Quotation Bureau, Inc., or
an equivalent generally accepted reporting service. If shares of the Common Stock are not listed or admitted to trading on any exchange, over-the-counter market or any similar organization as of the determination date, the FMV Per Share shall be
determined by the Committee in good faith using any fair and reasonable means selected in its discretion. 
  
 “Incentive Option” means any option that satisfies the requirements of Code Section 422 and is granted pursuant to
Article III of the Plan. 
  
 “Incumbent
Board” means the Board described in paragraph (v) of the definition of Change of Control under Section 1.2 of the Plan. 
  
 “Non-Employee Director” means a person who is a member of the Board but who is neither an Employee nor a Consultant of
the Company or any Affiliate. 
  
 “Non-Qualified Option” shall mean an option not intended to satisfy the requirements of Code Section 422 and which is granted pursuant to Article II of the Plan. 
  
 “Option” means an option to acquire Common Stock granted pursuant to the provisions of the
Plan, and refers to either an Incentive Stock Option or a Non-Qualified Stock Option, or both, as applicable. 
  
 “Option Expiration Date” means the date determined by Committee which shall not be more than ten years after the date of
grant of an Option. 
  
 -4- 

 “Optionee” means a Participant who has received or will receive an
Option. 
  
 “Other Stock or
Performance-Based Award” means an award granted pursuant to Article IX of the Plan that is not otherwise specifically provided for, the value of which is based in whole or in part upon the value of a share of Common Stock. 
  
 “Participant” means any Non-Employee
Director, Employee or Consultant granted an Award under the Plan. 
  
 “Performance Award” means an Award granted pursuant to Article VIII of the Plan, which, if earned, shall be payable in shares of Common Stock, cash or any combination thereof as determined by the
Committee. 
  
 “Plan” means the
plan described in Section 1.1 of the Plan and set forth in this document, as amended from time to time. 
  
 “Purchased Stock” means a right to purchase Common Stock granted pursuant to Article IV of the Plan. 
  
 “Phantom Stock” means an Award, granted
pursuant to Article VI of the Plan, of the right to receive (i) shares of Common Stock issued at the end of a Restricted Period, (ii) the Fair Market Value of such shares paid in cash at the end of the Restriction Period or (iii) a combination of
shares and cash as determined by the Committee. 
  
 “Restricted Period” means the period established by the Committee with respect to an Award during which the Award either remains subject to forfeiture or is not exercisable by the Participant. 
  
 “Restricted Stock” means one or more shares
of Common Stock, prior to the lapse of restrictions thereon, granted under Article VII of the Plan. 
  
 “Retirement” means termination of Employment of an Employee, or if determined by the Committee termination of service of
a Non-Employee Director, under circumstances as shall constitute retirement as determined by the Committee. 
  
 “Securities Act” means the Securities Act of 1933, as amended. 
  
 “Spread” means the amount determined
pursuant to Section 6.1(a) of the Plan. 
  
 “Stock Appreciation Rights” means an Award granted pursuant to Article VI of the Plan. 
  
 -5- 

 1.3 Shares Subject to the Plan. The maximum number of shares of Common Stock that may be issued
under the Plan is equal to nine million four hundred thousand (9,400,000) shares. In addition, during any calendar year, the number of shares of Common Stock reserved for issuance under the Plan which are subject to Options that may be granted to
any one Participant plus the number of such shares underlying Stock Appreciation Rights that may be granted to that same Participant shall not exceed 200,000 shares. Notwithstanding the above, in the event that at any time after the Effective Date
the outstanding shares of Common Stock are changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of a merger, consolidation, recapitalization, reclassification, stock split, stock dividend,
combination of shares or the like, the aggregate number and affected class of securities available under the Plan shall be ratably adjusted by the Committee. Upon the occurrence of any of the events described in the immediately preceding sentence,
in order to ensure that after such event the shares of Common Stock subject to the Plan and each Participant’s proportionate interest shall be maintained substantially as before the occurrence of such event, the Committee shall, in such manner
as it may deem equitable, adjust (i) the number of shares of Common Stock with respect to which Awards may be granted, (ii) the number of shares of Common Stock subject to outstanding Awards, and (iii) the grant or exercise price with respect to an
Award. Such adjustment in an outstanding Option shall be made (i) without change in the total price applicable to the Option or any unexercised portion of the Option (except for any change in the aggregate price resulting from rounding-off of share
quantities or prices) and (ii) with any necessary corresponding adjustment in exercise price per share. The Committee’s determinations shall be final, binding and conclusive with respect to the Company and all other interested persons. In the
event the number of shares to be delivered upon the exercise or payment of any Award granted under the Plan is reduced for any reason whatsoever or in the event any Award (or portion thereof) granted under the Plan can no longer under any
circumstances be exercised or paid, the number of shares no longer subject to such Award shall thereupon be released from such Award and shall thereafter be available under the Plan for the grant of additional Awards. Shares that cease to be subject
to an Award because of the exercise of the Award, or the vesting of a Restricted Stock Award or similar Award, shall no longer be subject to any further grant under the Plan. Shares issued pursuant to the Plan (i) may be treasury shares, authorized
but unissued shares or, if applicable, shares acquired in the open market and (ii) shall be fully paid and nonassessable. No fractional shares shall be issued under the Plan; payment for any fractional shares shall be made in cash. 
  
 1.4 Administration of the Plan. 
  
 (a) Committee, Meetings, Rule Making and Interpretations. The Plan
shall be administered by the Committee. Subject to the provisions of the Plan, the Committee shall (i) interpret the Plan and all Awards under the Plan, (ii) make, amend and rescind such rules as it deems necessary for the proper administration of
the Plan, (iii) make all other determinations necessary or advisable for the administration of the Plan and (iv) correct any defect or supply any omission or reconcile any inconsistency in the Plan or in any Award under the Plan in the manner and to
the extent that the Committee deems desirable to effectuate the Plan. Any action taken or determination made by the Committee pursuant to this and the other paragraphs of the Plan shall be final, binding and conclusive on all affected persons,
including the Company; any Affiliate; any grantee, holder or beneficiary of an Award; any stockholder and any Employee, 
  
 -6- 

 Consultant or Non-Employee Director. No member of the Board or the Committee shall be liable for any action or
determination made in good faith with respect to the Plan or any Award granted hereunder and the members of the Board and the Committee shall be entitled to indemnification and reimbursement by the Company and its Affiliates in respect of any claim,
loss, damage or expense (including legal fees) arising therefrom to the full extent permitted by law. 
  
 1.5 Granting of Awards to Participants. The Committee shall have the authority to grant, prior to the expiration date of the Plan, Awards to such
Employees, Consultants and Non-Employee Directors as may be selected by it subject to the terms and conditions hereinafter set forth in the Plan. In selecting the persons to receive Awards, including the type and size of the Award, the Committee may
consider the contribution the recipient has made and/or may make to the growth of the Company or its Affiliates and any other factors that it may deem relevant. No member of the Committee shall vote or act upon any matter relating solely to himself.
Grants of Awards to members of the Committee must be ratified by the Board. In no event shall any Employee, Consultant or Non-Employee Director, nor his or its legal representatives, heirs, legatees, distributees or successors have any right to
participate in the Plan except to such extent, if any, as permitted under the Plan and as the Committee may determine. 
  
 1.6 Leave of Absence. If an employee is on military, sick leave or other bona fide leave of absence, such person shall be considered an
“Employee” for purposes of an outstanding Award during the period of such leave provided it does not exceed 180 days (or such longer period as may be determined by the Committee in its sole discretion), or, if longer, so long as the
person’s right to reemployment is guaranteed either by statute or by contract. If the period of leave exceeds 180 days (or such longer period as may be determined by the Committee in its sole discretion), the employment relationship shall be
deemed to have terminated on the 181st day (or the first day immediately following any period of leave in excess of
180 days as approved by the Committee) of such leave, unless the person’s right to reemployment is guaranteed by statute or contract. 
  
 1.7 Term of Plan. If not sooner terminated under the provisions of Section 1.8, the Plan shall terminate upon, and no further Awards shall be made,
after the tenth (10th) anniversary of the Effective Date. 
  
 1.8 Amendment and Discontinuance of the Plan. The Board may amend,
suspend or terminate the Plan at any time without prior notice to or consent of any person; provided, however, subject to Section 10.12, no amendment, suspension or termination of the Plan may without the consent of the holder of an Award terminate
such Award or adversely affect such person’s rights with respect to such Award in any material respect; and provided further, however, that no amendment shall be effective prior to its approval by the stockholders of the Company to the extent
such approval is required by (i) applicable legal requirements, (ii) the requirements of any securities exchange on which the Company’s stock may be listed or (iii) the requirements of the Nasdaq Stock Market, Inc. on which the Company’s
stock may be listed. Notwithstanding the foregoing, the Board may amend the Plan in such manner as it deems necessary in order to permit awards to meet the requirements of the Code or other applicable laws. 
  
 -7- 

 ARTICLE II 
 NON-QUALIFIED OPTIONS 
  
 2.1 Eligibility. The Committee may grant Non-Qualified Options to purchase the Common Stock to any Employee, Consultant and Non-Employee Directors according to the terms set forth below. Each Non-Qualified Option granted under the
Plan shall be evidenced by a written agreement between the Company and the individual to whom Non-Qualified Options were granted in such form as the Committee shall provide. 
  
 2.2 Exercise Price. The exercise price to be paid for each share of Common Stock deliverable upon exercise of each
Non-Qualified Option granted under this Article II shall not be less than one hundred percent (100%) of the FMV Per Share on the date of grant of such Non-Qualified Option. The exercise price for each Non-Qualified Option granted under Article II
shall be subject to adjustment as provided in Section 2.3(e) of the Plan. 
  
 2.3 Terms and Conditions of Non-Qualified Options. Non-Qualified Options shall be in such form as the Committee may from time to time approve, shall be subject to the following terms and conditions and may
contain such additional terms and conditions, not inconsistent with this Article II, as the Committee shall deem desirable: 
  
 (a) Option Period and Conditions and Limitations on Exercise. No Non-Qualified Option shall be exercisable later than the Option Expiration Date.
To the extent not prohibited by other provisions of the Plan, each Non-Qualified Option shall be exercisable at such time or times as the Committee in its discretion may determine at the time such Non-Qualified Option is granted. 
  
 (b) Manner of Exercise. In order to exercise a Non-Qualified Option,
the person or persons entitled to exercise it shall deliver to the Company (or its delegate) payment in full for (i) the shares being purchased and (ii) any required withholding taxes. The payment of the exercise price for each Non-Qualified Option
shall either be (i) in cash or by check payable and acceptable to the Company, (ii) with the consent of the Committee, by tendering to the Company shares of Common Stock owned by the person for more than six months having an aggregate Fair Market
Value as of the date of exercise that is not greater than the full exercise price for the shares with respect to which the Non-Qualified Option is being exercised and by paying any remaining amount of the exercise price as provided in (i) above, or
(iii) with the consent of the Committee and compliance with such instructions as the Committee may specify, at the person’s written request the Company may deliver certificates for the shares of Common Stock for which the Non-Qualified Option
is being exercised to a broker for sale on behalf of the person, provided that the person has irrevocably instructed such broker to remit directly to the Company on the person’s behalf from the proceeds of such sale the full amount of the
exercise price plus all required withholding taxes. In the event that the person elects to make payment as allowed under clause (ii) above, the Committee may authorize the issuance of a new certificate for the number of shares being acquired
pursuant to the exercise of the Non-Qualified Option less the number of shares being tendered upon the exercise and return to the person (or not require surrender of) the certificate for the shares being tendered upon the exercise. If the Committee
so requires, such person or persons shall also deliver a written representation that all shares being 
  
 -8- 

 purchased are being acquired for investment and not with a view to, or for resale in connection with, any distribution of
such shares. 
  
 (c) Proceeds. The proceeds received from
the sale of shares of Common Stock pursuant to exercise of Non-Qualified Options exercised under the Plan will be used for general corporate purposes. 
  
 (d) Non-Qualified Options not Transferable. Except as provided below, no Non-Qualified Option granted hereunder shall be transferable other than by
(i) will or by the laws of descent and distribution or (ii) pursuant to a domestic relations order and, during the lifetime of the Participant to whom any such Non-Qualified Option is granted, it shall be exercisable only by the Participant (or his
guardian). Any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of, or to subject to execution, attachment or similar process, any Non-Qualified Option granted hereunder, or any right thereunder, contrary to the provisions
hereof, shall be void and ineffective, shall give no right to the purported transferee, and shall, at the sole discretion of the Committee, result in forfeiture of the Non-Qualified Option with respect to the shares involved in such attempt. With
respect to a specific Non-Qualified Option, in accordance with rules and procedures established by the Committee from time to time, the Participant (or his guardian) may transfer, for estate planning purposes, all or part of such Non-Qualified
Option to one or more immediate family members or related family trusts or partnerships or similar entities as determined by the Committee. Any Non-Qualified Option that is transferred in accordance with the provisions of this section may only be
exercised by the person or persons who acquire a proprietary interest in the Non-Qualified Options pursuant to the transfer. 
  
 (e) Adjustment of Non-Qualified Options. In the event that at any time after the Effective Date the outstanding shares of Common Stock are changed
into or exchanged for a different number or kind of shares or other securities of the Company by reason of merger, consolidation, recapitalization, reclassification, stock split, stock dividend, combination of shares or the like, the Committee shall
make an appropriate and equitable adjustments as provided in Section 1.3. 
  
 (f) Listing and Registration of Shares. Each Non-Qualified Option shall be subject to the requirement that if at any time the Committee determines, in its discretion, that the listing, registration, or
qualification of the shares subject to such Non-Qualified Option under any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition of, or in
connection with, the issue or purchase of shares thereunder, such Non-Qualified Option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained and the same
shall have been free of any conditions not acceptable to the Committee. 
  
 2.4 Option Repricing. With shareholder approval, the Committee, in its absolute discretion, may grant to holders of outstanding Non-Qualified Options, in exchange for the surrender and cancellation of such Non-Qualified Options, new
Non-Qualified Options having exercise prices lower (or higher with any required consent) than the exercise price provided in the Non-Qualified Options so surrendered and canceled and containing such other terms and conditions as the Committee may
deem appropriate. 
  
 -9- 

 2.5 Vesting. See Section 10.11 of the Plan for provisions on vesting in connection with
termination of Employment or service. Also, see Section 10.12 of the Plan relating to vesting in connection with a Change of Control. 
  
 2.6 Unvested Shares. The Committee shall have the discretion to grant Non-Qualified Options which are exercisable for unvested shares of Common
Stock. Should the Optionee cease Employment or service while holding such unvested shares, the Company shall have the right to repurchase, at the exercise price paid per share, all or, at the discretion of the Company and with the consent of the
Optionee, any of those unvested shares. The terms upon which such repurchase right shall be exercisable (including the period and procedure for exercise and the appropriate vesting schedule for the purchased shares) shall be established by the
Committee and set forth in the document evidencing such repurchase right. Any unvested shares of Common Stock purchased incident to exercise of a Non-Qualified Option, shall not be assignable or transferable except as provided in the document
evidencing the Company’s repurchase right. 
  
 ARTICLE III

 INCENTIVE OPTIONS 
  
 The terms specified in this Article III shall be applicable to all Incentive Options. Except as modified by the provisions of this Article III, all the
provisions of Article II shall be applicable to Incentive Options. Options which are specifically designated as Non-Qualified Options shall not be subject to the terms of this Section III. 
  
 3.1 Eligibility. Incentive Options may only be granted to Employees.

  
 3.2 Exercise Price. Subject to Section 3.4, the
exercise price per Share shall not be less than one hundred percent (100%) of the FMV Per Share on the option date of grant. 
  
 3.3 Dollar Limitation. The aggregate Fair Market Value (determined as of the respective date or dates of grant) of shares of Common Stock for which
one or more options granted to any Employee under the Plan (or any other option plan of the Company or any Affiliate which is a parent or subsidiary as defined in Code Sections 424(e) or (f), as applicable) may for the first time become exercisable
as Incentive Options during any one (1) calendar year shall not exceed the sum of One Hundred Thousand Dollars ($100,000). To the extent the Employee holds two (2) or more such options which become exercisable for the first time in the same calendar
year, the foregoing limitation on the exercisability of such options as Incentive Options shall be applied on the basis of the order in which such options are granted. 
  
 3.4 10% Stockholder. If any Employee to whom an Incentive Option is granted owns stock possessing more than ten
percent (10%) of the total combined voting power of all classes of stock of the Company or any “parent corporation” of the Company (as defined in Section 424(e) of the Code) or any “subsidiary corporation” of the Company (as
defined in Section 424(f) of the Code), then the exercise price per share shall not be less than one hundred ten percent (110%) of the FMV Per Share on the date of grant and the option term shall not exceed five (5) years measured from the date of
grant. For purposes of the immediately 
  
 -10- 

 preceding sentence, the attribution rules under Section 424(d) of the Code shall apply for purposes of determining an
Employee’s ownership. 
  
 3.5 Incentive Options Not
Transferable. No Incentive Option granted hereunder (i) shall be transferable other than by will or by the laws of descent and distribution and (ii) except as permitted in regulations or other guidance issued under Section 422 of the Code, shall
be exercisable during the Optionee’s lifetime by any person other than the Optionee (or his guardian). 
  
 3.6 Compliance with Code Section 422. All Options that are intended to be Incentive Stock Options described in Code Section 422 shall be designated
as such in the Option grant and in all respects shall be issued in compliance with Code Section 422. 
  
 3.7 Limitations on Exercise. No Incentive Option shall be exercisable more than three (3) months after the Optionee ceases to be an Employee for
any reason other than death or Disability, or more than one (1) year after the Optionee ceases to be an Employee due to death or Disability. 
  
 ARTICLE IV 
 PURCHASED STOCK

  
 4.1 Eligibility. The Committee shall have the
authority to sell shares of Common Stock to such Employees, Consultants and Non-Employee Directors of the Company or its Affiliates as may be selected by it, on such terms and conditions as it may establish, subject to the further provisions of this
Article IV. Each issuance of Common Stock under this Plan shall be evidenced by an agreement, which shall be subject to applicable provisions of this Plan and to such other provisions not inconsistent with this Plan as the Committee may approve for
the particular sale transaction. 
  
 4.2 Purchase Price.
The price per share of Common Stock to be purchased by a Participant under this Plan shall be determined in the sole discretion of the Committee, and may be less than, but shall not greater than the FMV Per Share at the time of purchase. 

 
 4.3 Payment of Purchase Price. Payment of the purchase price of
Purchased Stock under this Plan shall be made in full in cash. 
  
 ARTICLE V 
 BONUS STOCK 
  
 The Committee may, from time to time and subject to the provisions of the Plan, grant shares of Bonus Stock to Employees, Consultants and Non-Employee
Directors. Such grants of Bonus Stock shall be in consideration of performance of services by the Participant without additional consideration except as may be required by the Committee or pursuant to Section 10.1. Bonus Stock shall be shares of
Common Stock that are not subject to a Restricted Period under Article VII. 
  
 -11- 

 ARTICLE VI 
 STOCK APPRECIATION RIGHTS AND PHANTOM STOCK 
  
 6.1 Stock Appreciation Rights. The Committee is authorized to grant Stock Appreciation Rights to Employees, Consultants and Non-Employee Directors on the following terms and conditions. 
  
 (a) Right to Payment. A Stock Appreciation Right shall confer on the
Participant to whom it is granted a right to receive, upon exercise thereof, the excess of (A) the FMV Per Share on the date of exercise over (B) the exercise price of the Stock Appreciation Right as determined by the Committee (the
“Spread”). Notwithstanding the foregoing, the Committee may provide, in its sole discretion, that the Spread covered by a Stock Appreciation Right may not exceed a specified amount. 
  
 (b) Rights Related to Options. A Stock Appreciation Right granted in
connection with an Option shall entitle a Participant, upon exercise thereof, to surrender that Option or any portion thereof, to the extent unexercised, and to receive payment of the amount of the Spread as computed pursuant to Subsection 6.1(a)
hereof. That Option shall then cease to be exercisable to the extent surrendered. Such grant may be made at the time of the grant of the Option or at any time thereafter, but prior to expiration of the underlying Option. A Stock Appreciation Right
granted in connection with an Option shall provide for an exercise price that is not less than one hundred percent (100%) of the FMV Per Share of Common Stock on the date the Stock Appreciation Right is granted and shall be exercisable only at such
time or times and only to the extent that the related Option is exercisable and shall not be transferable (other than by will or the laws of descent and distribution) except to the extent that the related Option is transferable. 
  
 (c) Right Without Option. A Stock Appreciation Right granted
independent of an Option shall provide for an exercise price per share of Common Stock that is not less than one hundred percent (100%) of the FMV Per Share of Common Stock on the date of grant of the Stock Appreciation Right and shall be
exercisable as determined by the Committee and set forth in the Award agreement governing the Stock Appreciation Right and shall not be transferable (other than by will or the laws of descent and distribution). 
  
 (d) Terms. The Committee shall determine at the date of grant the time
or times at which and the circumstances under which a Stock Appreciation Right may be exercised in whole or in part (including based on achievement of performance goals and/or future service requirements), the method of exercise, whether or not a
Stock Appreciation Right shall be in tandem or in combination with any other Award, and any other terms and conditions of any Stock Appreciation Right. 
  
 6.2 Phantom Stock Awards. Subject to Section 10.5 of the Plan, the Committee is authorized to grant Phantom Stock Awards to Employees, Consultants
and Non-Employee Directors, which are rights to receive cash equal to the Fair Market Value of specified number of shares of Common Stock at the end of a specified deferral period, subject to the following terms and conditions: 
  
 -12- 

 (a) Award and Restrictions. Satisfaction of a Phantom Stock Award shall occur upon expiration of
the deferral period specified for such Phantom Stock Award by the Committee or, if permitted by the Committee, as elected by the Participant. In addition, Phantom Stock Awards shall be subject to such restrictions (which may include a risk of
forfeiture), if any, as the Committee may impose in its sole discretion, which restrictions may lapse at the expiration of the deferral period or at earlier specified times (including times based on achievement of performance goals and/or future
service requirements), separately or in combination, as the Committee may determine in its sole discretion to be appropriate or advisable for any Award. Provided, however, Phantom Stock Awards shall not be transferable (other than by will or the
laws of descent and distribution). 
  
 (b) Forfeiture.
Except as otherwise determined by the Committee or as may be set forth in any Award, employment or other agreement pertaining to a Phantom Stock Award, upon termination of employment or services during the applicable deferral period or portion
thereof to which forfeiture conditions apply, all Phantom Stock Awards that are at that time subject to deferral (other than a deferral at the election of the Participant) shall be forfeited; provided that the Committee may provide, by rule or
regulation or in any Award agreement, or may determine in any individual case, that restrictions or forfeiture conditions relating to Phantom Stock Awards shall be waived in whole or in part in the event of terminations resulting from specified
causes, and the Committee may in other cases which it determines appropriate or advisable waive in whole or in part the forfeiture of Phantom Stock Awards. 
  
 (c) Performance Goals. To the extent the Committee determines that any Award granted pursuant to this Article VI shall constitute performance-based
compensation for purposes of Section 162(m) of the Code, the grant or settlement of the Award shall, in the Committee’s discretion, be subject to the achievement of performance goals determined and applied in a manner consistent with Section
8.2. 
  
 ARTICLE VII 
 RESTRICTED STOCK 
  
 7.1 Eligibility. All Employees, Consultants and Non-Employee Directors shall be eligible for grants of Restricted Stock. 
  
 7.2 Restrictions, Restricted Period and Vesting. 
  
 (a) The Restricted Stock shall be subject to such forfeiture restrictions
(including, without limitation, limitations that qualify as a “substantial risk of forfeiture” within the meaning given to that term under Section 83 of the Code) and restrictions on transfer by the Participant and repurchase by the
Company as the Committee, in its sole discretion, shall determine. Prior to the lapse of such restrictions the Participant shall not be permitted to transfer such shares. The Company shall have the right to repurchase or recover such shares for the
amount of cash paid therefor, if any, if (i) the Participant shall terminate Employment from or services to the Company prior to the lapse of such restrictions or (ii) the Restricted Stock is forfeited by the Participant pursuant to the terms of the
Award. 
  
 -13- 

 (b) Vesting. See Section 10.11 of the Plan for provisions on vesting in connection
with termination of Employment or service. Also, see Section 10.12 of the Plan relating to vesting in connection with a Change of Control. 
  
 (c) Immediate Transfer Without Immediate Delivery of Restricted Stock. Each certificate representing Restricted Stock awarded under the Plan shall
be registered in the name of the Participant and, during the Restricted Period, shall be left on deposit with the Company, or in trust or escrow pursuant to an agreement satisfactory to the Committee, along with a stock power endorsed in blank until
such time as the restrictions on transfer have lapsed. The grantee of Restricted Stock shall have all the rights of a stockholder with respect to such shares including the right to vote and the right to receive dividends or other distributions paid
or made with respect to such shares; provided, however, the Committee may in the Award restrict the Participant’s right to dividends until the restrictions on the Restricted Stock lapse. Any certificate or certificates representing shares of
Restricted Stock shall bear a legend similar to the following: 
  
 The shares represented by this certificate have been issued pursuant to the terms of the MetroPCS Communications, Inc. 2004 Equity Incentive Compensation Plan (as amended and restated) and may not be sold, pledged, transferred, assigned or
otherwise encumbered in any manner except as is set forth in the terms of such award dated                 , 200    . 
  
 7.3 Forfeiture of Restricted Stock. If, for any reason, the
restrictions imposed by the Committee upon Restricted Stock are not satisfied at the end of the Restricted Period, any Restricted Stock remaining subject to such restrictions shall thereupon be forfeited by the Participant and reacquired by the
Company. 
  
 7.4 Delivery of Shares of Common Stock.
Pursuant to Section 10.5 of the Plan and subject to withholding requirements of Article XI of the Plan, at the expiration of the Restricted Period, a stock certificate evidencing the Restricted Stock (to the nearest full share) with respect to which
the Restricted Period has expired shall be delivered without charge to the Participant, or his personal representative, free of all restrictions under the Plan. 
  

ARTICLE VIII 
 PERFORMANCE AWARDS

  
 8.1 Performance Awards. The Committee may grant
Performance Awards based on performance criteria measured over a period of not less than six months and not more than ten years. The Committee may use such business criteria and other measures of performance as it may deem appropriate in
establishing any performance conditions, and may exercise its discretion to increase the amounts payable under any Award subject to performance conditions except as limited under Section 8.2 in the case of a Performance Award granted to a Covered
Employee. 
  
 8.2 Performance Goals. The grant and/or
settlement of a Performance Award shall be contingent upon terms set forth in this Section 8.2. 
  
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 (a) General. The performance goals for Performance Awards shall consist of one or more business
criteria and a targeted level or levels of performance with respect to each of such criteria, as specified by the Committee. In the case of any Award granted to a Covered Employee, performance goals shall be designed to be objective and shall
otherwise meet the requirements of Section 162(m) of the Code and regulations thereunder (including Treasury Regulations sec. 1.162-27 and successor regulations thereto), including the requirement that the level or levels of performance targeted by
the Committee are such that the achievement of performance goals is “substantially uncertain” at the time of grant. The Committee may determine that such Performance Awards shall be granted and/or settled upon achievement of any one
performance goal or that two or more of the performance goals must be achieved as a condition to the grant and/or settlement of such Performance Awards. Performance goals may differ among Performance Awards granted to any one Participant or for
Performance Awards granted to different Participants. 
  
 (b)
Business Criteria. One or more of the following business criteria for the Company, on a consolidated basis, and/or for specified subsidiaries, divisions or business or geographical units of the Company (except with respect to the total
stockholder return and earnings per share criteria), shall be used by the Committee in establishing performance goals for Performance Awards granted to a Participant: (A) earnings per share; (B) increase in price per share, (C) increase in revenues;
(D) increase in cash flow; (E) return on net assets; (F) return on assets; (G) return on investment; (H) return on equity; (I) economic value added; (J) gross margin; (K) net income; (L) pretax earnings; (M) pretax earnings before interest,
depreciation and amortization; (N) pretax operating earnings after interest expense and before incentives, service fees, and extraordinary or special items; (O) operating income; (P) total stockholder return; (Q) debt reduction; (R) other Company or
industry specific measurements used in the management and internal or external reporting of the Company, including but not limited to, average revenue per user (ARPU), cost per gross add (CPGA), cash cost per user (CCPU), adjusted earnings before
interest, taxes, depreciation and amortization (Adjusted EBITDA), Capital expenditure per customer, etc.; and (S) any of the above goals determined on the absolute or relative basis or as compared to the performance of a published or special index
deemed applicable by the Committee including, but not limited to, the Standard & Poor’s 500 Stock Index or components thereof or a group of comparable companies. 
  
 (c) Performance Period; Timing for Establishing Performance Goals. Achievement of performance goals in respect of
Performance Awards shall be measured over a performance period of not less than six months and not more than ten years, as specified by the Committee. Performance goals in the case of any Award granted to a Participant shall be established not later
than 90 days after the beginning of any performance period applicable to such Performance Awards, or at such other date as may be required or permitted for “performance-based compensation” under Section 162(m) of the Code. 
  
 (d) Settlement of Performance Awards; Other Terms. After the end of
each performance period, the Committee shall determine the amount, if any, of Performance Awards payable to each Participant based upon achievement of business criteria over a performance period. The Committee may not exercise discretion to increase
any such amount payable in respect of a Performance Award which is intended to comply with Section 162(m) of the Code. 
  
 -15- 

 The Committee shall specify the circumstances in which such Performance Awards shall be paid or forfeited in the event of
termination of employment by the Participant prior to the end of a performance period or settlement of Performance Awards. 
  
 (e) Written Determinations. All determinations by the Committee as to the establishment of performance goals, the amount of any Performance Award,
and the achievement of performance goals relating to Performance Awards shall be made in a written agreement or other document covering the Performance Award. The Committee may not delegate any responsibility relating to such Performance Awards.

  
 (f) Status of Performance Awards under Section 162(m) of
the Code. It is the intent of the Company that Performance Awards granted to persons who are designated by the Committee as likely to be Covered Employees within the meaning of Section 162(m) of the Code and regulations thereunder (including
Treasury Regulations sec. 1.162-27 and successor regulations thereto) shall constitute “performance-based compensation” within the meaning of Section 162(m) of the Code and regulations thereunder. Accordingly, the terms of this Section 8.2
shall be interpreted in a manner consistent with Section 162(m) of the Code and regulations thereunder. The foregoing notwithstanding, because the Committee cannot determine with certainty whether a given Participant will be a Covered Employee with
respect to a fiscal year that has not yet been completed, the term Covered Employee as used herein shall mean only a person designated by the Committee, at the time of grant of a Performance Award, who is likely to be a Covered Employee with respect
to that fiscal year. If any provision of the Plan as in effect on the date of adoption or any agreements relating to Performance Awards that are intended to comply with Section 162(m) of the Code does not comply or is inconsistent with the
requirements of Section 162(m) of the Code or regulations thereunder, such provision shall be construed or deemed amended to the extent necessary to conform to such requirements. 
  
 ARTICLE IX 
 OTHER STOCK OR PERFORMANCE-BASED AWARDS 
  
 The
Committee is hereby authorized to grant to Employees, Non-Employee Directors and Consultants of the Company or its Affiliates, Other Stock or Performance-Based Awards, which shall consist of a right which (i) is not an Award described in any other
Article and (ii) is denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, shares of Common Stock (including, without limitation, units or securities convertible into shares of Common Stock) or
cash as are deemed by the Committee to be consistent with the purposes of the Plan. Subject to the terms of the Plan, the Committee shall determine the terms and conditions of any such Other Stock or Performance-Based Awards which shall be contained
in a written agreement or other document covering such Awards. 
  
 ARTICLE X 
 CERTAIN PROVISIONS APPLICABLE TO ALL AWARDS 
  
 10.1 General. Awards shall be evidenced by a written agreement or other document and may be granted on the terms and
conditions set forth herein. In addition, the Committee may impose on any Award or the exercise thereof, such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall determine, including terms

  
 -16- 

 requiring forfeiture of Awards in the event of termination of employment by the Participant and terms permitting a
Participant to make elections relating to his or her Award. The terms, conditions and/or restrictions contained in an Award may differ from the terms, conditions and restrictions contained in any other Award. The Committee may amend an Award;
provided, however, subject to Section 10.12, no amendment of an Award may, without the consent of the holder of the Award, adversely affect such person’s rights with respect to such Award in any material respect. The Committee shall retain full
power and discretion to accelerate or waive, at any time, any term or condition of an Award that is not mandatory under the Plan; provided, however, that, subject to Section 10.12, the Committee shall not have a discretion to accelerate or waive any
term or condition of an Award that is intended to qualify as “performance-based compensation” for purposes of Section 162(m) of the Code if such discretion would cause the Award not to so qualify. Except in cases in which the Committee is
authorized to require other forms of consideration under the Plan, or to the extent other forms of consideration must be paid to satisfy the requirements of the Delaware Corporation Law, no consideration other than services may be required for the
grant of any Award. 
  
 10.2 Stand-Alone, Additional, Tandem,
and Substitute Awards. Subject to Section 2.4 of the Plan, Awards granted under the Plan may, in the discretion of the Committee, be granted either alone or in addition to, in tandem with, or in substitution or exchange for, any other Award or
any award granted under another plan of the Company, any Affiliate, or any business entity to be acquired by the Company or an Affiliate, or any other right of a Participant to receive payment from the Company or any Affiliate. Such additional,
tandem and substitute or exchange Awards may be granted at any time. If an Award is granted in substitution or exchange for another Award, the Committee shall require the surrender of such other Award for cancellation in consideration for the grant
of the new Award. In addition, Awards may be granted in lieu of cash compensation, including in lieu of cash amounts payable under other plans of the Company or any Affiliate. Any such action contemplated under this Section 10.2 shall be effective
only to the extent that such action will not cause (i) the holder of the Award to lose the protection of Section 16(b) of the Exchange Act and rules and regulations promulgated thereunder, or (ii) any Award that is designed to qualify payments
thereunder as performance-based compensation as defined in Section 162(m) of the Code to fail to qualify as such performance-based compensation. 
  
 10.3 Term of Awards. The term or Restricted Period of each Award that is an Option, Stock Appreciation Right, Phantom Stock or Restricted Stock
shall be for such period as may be determined by the Committee; provided that in no event shall the term of any such Award exceed a period of ten years (or such shorter terms as may be required in respect of an Incentive Stock Option under Section
422 of the Code). 
  
 10.4 Form and Timing of Payment under
Awards; Deferrals. Subject to the terms of the Plan and any applicable Award agreement, payments to be made by the Company of a Subsidiary upon the exercise of an Option or other Award or settlement of an Award may be made in a single payment or
transfer, in installments, or on a deferred basis. The settlement of any Award may, subject to any limitations set forth in the Award agreement, be accelerated and cash paid in lieu of shares in connection with such settlement, in the discretion of
the Committee or upon occurrence of one or more specified events. In the discretion of the Committee, Awards 
  
 -17- 

 granted pursuant to Article VI or VIII of the Plan may be payable in shares to the extent permitted by the terms of the
applicable Award agreement. Installment or deferred payments may be required by the Committee (subject to Section 1.8 of the Plan, including the consent provisions thereof in the case of any deferral of an outstanding Award not provided for in the
original Award agreement) or permitted at the election of the Participant on terms and conditions established by the Committee. Payments may include, without limitation, provisions for the payment or crediting of reasonable interest on installment
or deferred payments or the grant or crediting of amounts in respect of installment or deferred payments denominated in shares. Any deferral shall only be allowed as is provided in a separate deferred compensation plan adopted by the Company. The
Plan shall not constitute any “employee benefit plan” for purposes of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended. 
  

10.5 Vested and Unvested Awards. After the satisfaction of all of the terms and conditions set by the Committee with respect to an Award of (i)
Restricted Stock, a certificate, without the legend set forth in Section 7.2(c), for the number of shares that are no longer subject to such restrictions, terms and conditions shall be delivered to the Employee, (ii) Phantom Stock, to the extent not
paid in cash, a certificate for the number of shares equal to the number of shares of Phantom Stock earned, and (iii) Stock Appreciation Rights or Performance Awards, cash and/or a certificate for the number of shares equal in value to the number of
Stock Appreciation Rights or amount of Performance Awards vested shall be delivered to the person. The number of shares of Common Stock which shall be issuable upon exercise of a Stock Appreciation Right or earning of a Performance Award shall be
determined by dividing (1) by (2) where (1) is the number of shares of Common Stock as to which the Stock Appreciation Right is exercised multiplied by the Spread or the amount of Performance Award that is earned and payable, as applicable, and (2)
is the FMV Per Share of Common Stock on the date of exercise of the Stock Appreciation Right or the date the Performance Award is earned and payable, as applicable. Upon termination, resignation or removal of a Participant under circumstances that
do not cause such Participant to become fully vested, any remaining unvested Options, shares of Restricted Stock, Phantom Stock, Stock Appreciation Rights or Performance Awards, as the case may be, shall either be forfeited back to the Company or,
if appropriate under the terms of the Award, shall continue to be subject to the restrictions, terms and conditions set by the Committee with respect to such Award. 
  
 10.6 Exemptions from Section 16(b) Liability. It is the intent of the Company that the grant of any Awards to or
other transaction by a Participant who is subject to Section 16 of the Exchange Act shall be exempt from Section 16(b) of the Exchange Act pursuant to an applicable exemption (except for transactions acknowledged by the Participant in writing to be
non-exempt). Accordingly, if any provision of this Plan or any Award agreement does not comply with the requirements of Rule 16b-3 as then applicable to any such transaction, such provision shall be construed or deemed amended to the extent
necessary toconform to the applicable requirements of Rule 16b-3 so that such Participant shall avoid liability under Section 16(b) of the Exchange Act. 
  
 10.7 Securities Requirements. No shares of Common Stock will be issued or transferred pursuant to an Award unless and until all then-applicable
requirements imposed by federal and state securities and other laws, rules and regulations and by any regulatory agencies 
  
 -18- 

 having jurisdiction and by any stock market or exchange upon which the Common Stock may be listed, have been fully met.
As a condition precedent to the issuance of shares pursuant to the grant or exercise of an Award, the Company may require the grantee to take any reasonable action to meet such requirements. The Company shall not be obligated to take any affirmative
action in order to cause the issuance or transfer of shares pursuant to an Award to comply with any law or regulation described in the second preceding sentence. 
  
 10.8 Transferability. 
  
 (a) Non-Transferable Awards and Options. Except as otherwise specifically provided in the Plan, no Award and no right
under the Plan, contingent or otherwise, other than Purchased Stock, Bonus Stock or Restricted Stock as to which restrictions have lapsed, will be (i) assignable, saleable, or otherwise transferable by a Participant except by will or by the laws of
descent and distribution or pursuant to a qualified domestic relations order, or (ii) subject to any encumbrance, pledge or charge of any nature. No transfer by will or by the laws of descent and distribution shall be effective to bind the Company
unless the Committee shall have been furnished with a copy of the deceased Participant’s will or such other evidence as the Committee may deem necessary to establish the validity of the transfer. Any attempted transfer in violation of this
Section 10.8(a) shall be void and ineffective for all purposes. 
  
 (b) Ability to Exercise Rights. Except as otherwise specifically provided under the Plan, only the Participant or his guardian (if the Participant becomes Disabled), or in the event of his death, his legal representative or
beneficiary, may exercise Options, receive cash payments and deliveries of shares, or otherwise exercise rights under the Plan. The executor or administrator of the Participant’s estate, or the person or persons to whom the Participant’s
rights under any Award will pass by will or the laws of descent and distribution, shall be deemed to be the Participant’s beneficiary or beneficiaries of the rights of the Participant hereunder and shall be entitled to exercise such rights as
are provided hereunder. 
  
 10.9 Rights as a Stockholder.

  
 (a) No Stockholder Rights. Except as otherwise
provided in Section 10.9(b), a Participant who has received a grant of an Award or a transferee of such Participant shall have no rights as a stockholder with respect to any shares of Common Stock until such person becomes the holder of record.
Except as otherwise provided in Section 10.9 (b), no adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities, or other property) or distributions or other rights for which the record date is prior to the date
such stock certificate is issued. 
  
 (b) Holder of Restricted
Stock. Unless otherwise approved by the Committee prior to the grant of a Restricted Stock Award, a Participant who has received a grant of Restricted Stock or a permitted transferee of such Participant shall not have any rights of a stockholder
until such time as a stock certificate has been issued with respect to all, or a portion of, such Restricted Stock Award. 
  
 10.10 Listing and Registration of Shares of Common Stock. The Company, in its discretion, may postpone the issuance and/or delivery of shares of
Common Stock upon any 
 -19- 

 exercise of an Award until completion of such stock exchange listing, registration, or other qualification of such shares
under any state and/or federal law, rule or regulation as the Company may consider appropriate, and may require any Participant to make such representations and furnish such information as it may consider appropriate in connection with the issuance
or delivery of the shares in compliance with applicable laws, rules and regulations. 
  
 10.11 Termination of Employment, Death, Disability and Retirement. 
  
 (a) Termination of Employment. Unless otherwise provided in the Award, if Employment of an Employee or service of a Non-Employee Director is
terminated for any reason whatsoever other than death, Disability or Retirement, or if service of a Consultant is terminated for any reason whatsoever other than death, any nonvested Award granted pursuant to the Plan outstanding at the time of such
termination and all rights thereunder shall wholly and completely terminate and no further vesting shall occur, and the Employee, Consultant or Non-Employee Director shall be entitled to exercise his or her rights with respect to the portion of the
Award vested as of the date of termination for a period that shall end on the earlier of (i) the expiration date set forth in the Award with respect to the vested portion of such Award or (ii) the date that occurs six (6) months after such
termination date (three (3) months after the date of termination in the case of an Incentive Option). 
  
 (b) Retirement. Unless otherwise provided in the Award, upon the Retirement of an Employee or, if applicable, Non-Employee Director: 
  
 (i) any nonvested portion of any outstanding Award shall
immediately terminate and no further vesting shall occur; and 
  
 (ii) any vested Award shall expire on the earlier of (A) the expiration date set forth in the Award; or (B) the expiration of (x) twelve (12) months after the date ofRetirement in the case of any Award other than an
Incentive Option or (y) three (3) months after the date of Retirement in the case of an Incentive Option. 
  
 (c) Disability or Death. Unless otherwise provided in the Award, upon termination of Employment or service from the Company or any Affiliate, which
is a parent or subsidiary as a result of Disability of an Employee or Non-Employee Director or death of an Employee, Non-Employee Director or Consultant, or with respect to a Participant who is either a retired former Employee or Non-Employee
Director who dies during the period described in Section 10.11(b), hereinafter the “Applicable Retirement Period,” or a disabled former Employee or Non-Employee Director who dies during the period that expires on the earlier of the
expiration date set forth in any applicable outstanding Award or the first anniversary of the person’s termination of Employment or service due to Disability, hereinafter the “Applicable Disability Period,” 
  
 (i) any nonvested portion of any outstanding Award that has
not already terminated shall immediately terminate and no further vesting shall occur; and 
  
 (ii) any vested Award shall expire upon the earlier of (A) the expiration date set forth in the Award or (B) the later of (1) the first
anniversary of such termination of 
  
 -20- 

 Employment as a result of Disability or death, or (2) the first anniversary of such person’s death during the
Applicable Retirement Period or the Applicable Disability Period. 
  
 (d) Continuation. Notwithstanding any other provision of the Plan, the Committee, in its discretion, may provide for the continuation of any Award for such period and upon such terms and conditions as are determined by the Committee
in the event that a Participant ceases to be an Employee, Consultant or Non-Employee Director. 
  
 10.12 Change in Control. 
  
 (a) Change in Control. Unless otherwise provided in the Award, in the event of a Change in Control described in clauses (ii), (iii) and (iv) of the definition of Change in Control under Section 1.2 of the Plan: 
  
 (i) All Options and Stock Appreciation Rights then
outstanding shall become immediately vested and fully exercisable, notwithstanding any provision therein for exercise in installments; 
  
 (ii) All restrictions and conditions of all Restricted Stock and Phantom Stock then outstanding shall be deemed satisfied, and the
Restriction Period or other limitations on payment in full with respect thereto shall be deemed to have expired, as of the date of the Change in Control; and 
  

(iii) All outstanding Performance Awards and any Other Stock or Performance-Based Awards shall become fully vested, deemed earned in
full and promptly paid to the Participants as of the date of the Change of Control, without regard to payment schedules and notwithstanding that the applicable performance cycle, retention cycle or other restrictions and conditions shall not have
been completed or satisfied. 
  
 (b) Right of Cash-Out. If
approved by the Board prior to or within thirty (30) days after such time as a Change in Control shall be deemed to have occurred, the Board shall have the right for a forty-five (45) day period immediately following the date that the Change in
Control is deemed to have occurred to require all, but not less than all, Participants to transfer and deliver to the Company all Awards previously granted to the Participants in exchange for an amount equal to the “cash value” (defined
below) of the Awards. Such right shall be exercised by written notice to all Participants. For purposes of this Section 10.12(b), the cash value of an Award shall equal the sum of (i) all cash to which the Participant would be entitled upon
settlement or exercise of any Award which is not an Option and (ii) in the case of any Award that is an Option, the excess of the “market value” (defined below) per share over the option price, if any, multiplied by the number of shares
subject to such Award. For purposes of the preceding sentence, “market value” per share shall mean the higher of (i) the average of the Fair Market Value per share of Common Stock on each of the five trading days immediately following the
date a Change in Control is deemed to have occurred or (ii) the highest price, if any, offered in connection with the Change in Control. The amount payable to each Participant by the Company pursuant to this Section 10.12(b) shall be in cash or by
certified check and shall be reduced by any taxes required to be withheld. 
 -21- 

 ARTICLE XI 
 WITHHOLDING FOR TAXES 
  
 Any issuance of Common Stock pursuant to the exercise of an Option or in payment of any other Award under the Plan shall not be made until appropriate arrangements satisfactory to the Company have been made for the payment of any tax
amounts (federal, state, local or other) that may be required to be withheld or paid by the Company with respect thereto. Such arrangements may, at the discretion of the Committee, include allowing the person to tender to the Company shares of
Common Stock owned by the person, or to request the Company to withhold shares of Common Stock being acquired pursuant to the Award, whether through the exercise of an Option or as a distribution pursuant to the Award, which have an aggregate FMV
Per Share as of the date of such withholding that is not greater than the sum of all tax amounts to be withheld with respect thereto, together with payment of any remaining portion of such tax amounts in cash or by check payable and acceptable to
the Company. 
  
 Notwithstanding the foregoing, if on the date of
an event giving rise to a tax withholding obligation on the part of the Company the person is an officer or individual subject to Rule 16b-3, such person may direct that such tax withholding be effectuated by the Company withholding the necessary
number of shares of Common Stock (at the tax rate required by the Code) from such Award payment or exercise. 
  
 ARTICLE XII 
 MISCELLANEOUS 
  
 12.1 No Rights to Awards or Uniformity Among Awards. No Participant or
other person shall have any claim to be granted any Award, there is no obligation for uniformity of treatment of Participants, or holders or beneficiaries of Awards and the terms and conditions of Awards need not be the same with respect to each
recipient. 
  
 12.2 Conflicts with Plan. In the event of
any inconsistency or conflict between the terms of the Plan and an Award, the terms of the Plan shall govern. 
  
 12.3 No Right to Employment. The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of the
Company or any Affiliate. Further, the Company or any Affiliate may at any time dismiss a Participant from employment, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or in any Award. 

 
 12.4 Governing Law. The validity, construction, and effect of the
Plan and any rules and regulations relating to the Plan shall be determined in accordance with applicable federal law and the laws of the State of Delaware, without regard to any principles of conflicts of law. 
  
 12.5 Gender, Tense and Headings. Whenever the context requires such,
words of the masculine gender used herein shall include the feminine and neuter, and words used in the singular shall include the plural. Section headings as used herein are inserted solely for convenience and reference and constitute no part of the
Plan. 
  
 -22- 

 12.6 Severability. If any provision of the Plan or any Award is or becomes or is deemed to be
invalid, illegal, or unenforceable in any jurisdiction or as to any Participant or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to
the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Participant or
Award and the remainder of the Plan and any such Award shall remain in full force and effect. 
  
 12.7 Other Laws. The Committee may refuse to issue or transfer any shares or other consideration under an Award if, acting in its sole discretion, it determines that the issuance of transfer or such shares or
such other consideration might violate any applicable law. 
  
 12.8 Shareholder Agreements. The Committee may condition the grant, exercise or payment of any Award upon such person entering into a stockholders’ or repurchase agreement in such form as approved from time to time by the Board.

  
 12.9 Funding. Except as provided under Article VII of
the Plan, no provision of the Plan shall require or permit the Company, for the purpose of satisfying any obligations under the Plan, to purchase assets or place any assets in a trust or other entity to which contributions are made or otherwise to
segregate any assets, nor shall the Company maintain separate bank accounts, books, records or other evidence of the existence of a segregated or separately maintained or administered fund for such purposes. Participants shall have no rights under
the Plan other than as unsecured general creditors of the Company except that insofar as they may have become entitled to payment of additional compensation by performance of services, they shall have the same rights as other Employees, Consultants
or Non-Employee Directors under general law. 
  
 12.10 No
Guarantee of Tax Consequences. None of the Board, the Company nor the Committee makes any commitment or guarantee that any federal, state or local tax treatment will apply or be available to any person participating or eligible to participate
hereunder. 
  
 -23-

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