Document:

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                                                                   Exhibit 10.54

                              CLEARWIRE CORPORATOIN
                       2007 ANNUAL PERFORMANCE BONUS PLAN

1    PURPOSE

     The purpose of the Plan is to attract, retain and motivate key employees by
providing bonus awards to designated Participants.

2.   DEFINITIONS

     Unless the context otherwise requires, the words that follow shall have the
following meanings:

     (a) "Award" shall mean a bonus award under the Plan.

     (b) "Board" shall mean the Board of Directors of the Company.

     (c) "Code" shall mean the Internal Revenue Code of 1986, as amended, and
any successor thereto.

     (d) "Company" shall mean Clearwire Corporation and any successor by merger,
consolidation or otherwise.

     (e) "Committee" shall mean the Compensation Committee of the Board or such
other committee of the Board that is appointed by the Board to administer the
Plan. If no such committee has been appointed, the Board shall be the Committee.

     (f) "Common Stock" means the Class A common stock, $0.0001 par value per
share, of the Company.

     (g) "Participant" shall mean an executive employee of the Company or any
Subsidiary selected, in accordance with Section 4 hereof, to be eligible to
receive an Award in accordance with the Plan.

     (h) "Performance Period" shall mean each fiscal year of the Company or such
other period (as specified by the Committee) over which performance is to be
measured, provided, however, the initial Performance Period under this Plan
shall be the Company's fiscal year commencing January 2, 2007 and ending
December 31, 2007 (the "Initial Performance Period").

     (i) "Plan" shall mean the Clearwire Corporation 2007 Annual Performance
Bonus Plan.

     (j) "Registration Date" shall mean the first date (i) on which the Company
sells its Common Stock in a bona fide, firm commitment underwriting pursuant to
a registration statement under the Securities Act of 1933, as amended or (ii)
any class of common equity securities of the Company is required to be
registered under Section 12 of the Securities Exchange Act of 1934, as amended.

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     (k) "Section 162(m)" shall mean Section 162(m) of the Code (or any
successor section) and the Treasury regulations promulgated thereunder.

     (l) "Subsidiary" shall mean any subsidiary corporation of the Company
within the meaning of Section 424(f) of the Code.

3.   ADMINISTRATION AND INTERPRETATION OF THE PLAN

     (a) The Plan shall be administered by the Committee. The Committee shall
have the exclusive authority and responsibility to make all determinations and
take all other actions necessary or desirable for the Plan's administration,
including, without limitation, correcting any defect, supplying any omission or
reconciling any inconsistency in the Plan in the manner and to the extent it
shall deem necessary to carry the Plan into effect. The Committee may, in its
discretion, delegate its authority and responsibility under the Plan unless
prohibited by applicable law.

     (b) All decisions of the Committee on any question concerning the selection
of Participants and the interpretation and administration of the Plan shall be
final, conclusive and binding upon all parties. The Committee may rely on
information, and consider recommendations, provided by the Board or the
executive officers of the Company.

4.   ELIGIBILITY AND PARTICIPATION

     (a) For each Performance Period, the Committee shall select, in its
discretion, the executive officers of the Company or its Subsidiaries who are to
participate in the Plan. Participants shall be limited to those executive
officers who the Committee believes will be "covered employees" within the
meaning of Section 162(m) of the Code for the applicable Performance Period.

     (b) No person shall be entitled to any Award for a Performance Period
unless the individual is designated as a Participant for the Performance Period.
The Committee may add to or delete individuals from the list of designated
Participants at any time and from time to time, in its sole discretion, provided
that once a person is designated as a Participant for a Performance Period such
person shall not be removed as a Participant during such Performance Period.

5.   PERFORMANCE AWARD PROGRAM

     (a) PERFORMANCE AWARDS. The Committee shall establish the terms and
conditions applicable to any Award granted under the Plan and a Participant
shall be eligible to receive an Award under the Plan in accordance with such
terms and conditions. Without limiting the foregoing, the Committee may grant
Awards subject to any or all of the following: (i) attainment of time-based
vesting conditions, (ii) attainment of any performance goal established by the
Committee with respect to any Performance Period or (iii) the Committee's
evaluation of a Participant's individual performance for the Company and/or its
Subsidiaries. The Committee may, in its discretion, amend or modify the terms
and conditions applicable to an Award (provided

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that the consent of an affected Participant shall be required prior to any
amendment or modification that adversely affects a Participant's Award) and may
elect to pay all or any portion of an Award to a Participant regardless of
whether any Award is payable in accordance with the terms and conditions
originally established by the Committee.

     (b) SECTION 162(m). The Plan has been adopted by the Board prior to the
occurrence of a Registration Date. The Plan is intended to constitute a plan
described in Treasury Regulation Section 1.162-27(f)(1), pursuant to which the
deduction limits under Section 162(m) of the Code do not apply during the
applicable reliance period.

     (c) PAYMENT DATE. Awards may be paid at such time(s) as determined by the
Committee but in all events except as provided in the next sentence, shall be
paid not later than the later of: (i) March 15 after the end of the applicable
year; or (ii) two and one-half (2 1/2) months after the expiration of the fiscal
year in which the Performance Period with respect to which they are earned ends,
provided that, if an Award is not paid by such dates the Award shall be paid on
April 1 after the end of the applicable year. The Committee may defer payment of
all or any portion of any Awards with such conditions as the Committee may
determine and may permit a Participant electively to defer receipt of all or a
portion of an Award. Unless otherwise determined by the Committee in its sole
discretion, no Award or pro rata portion thereof shall be payable to any
individual whose employment with the Company or its Subsidiaries has ceased
prior to the date such Award is paid.

     (d) FORM OF PAYMENT. In the sole discretion of the Committee, Awards may be
paid in whole or in part in cash, Common Stock or other property, provided that
any Common Stock shall be issued under the Clearwire Corporation 2007 Stock
Incentive Plan or under another arrangement that is permitted under applicable
stock exchange or listing rules.

6.   NON-ASSIGNABILITY

No Award or payment thereof nor any right or benefit under the Plan shall be
subject to anticipation, alienation, sale, assignment, pledge, encumbrance,
garnishment, execution or levy of any kind or charge, and any attempt to
anticipate, alienate, sell, assign, pledge, encumber and to the extent permitted
by applicable law, charge, garnish, execute upon or levy upon the same shall be
void and shall not be recognized or given effect by the Company.

7.   NO RIGHT TO EMPLOYMENT

Nothing in the Plan or in any notice of an Award shall confer upon any person
the right to continue in the employment of the Company or one of its
Subsidiaries or affect the right of the Company or any of its Subsidiaries to
terminate the employment of any Participant.

8.   AMENDMENT OR TERMINATION

The Board (or a duly authorized committee thereof) reserves the right to amend,
suspend or terminate the Plan at any time, provided that no amendment,
suspension or termination may adversely affect the rights of any Participant
with regard to an Award for a current or prior

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Performance Period.

9.   EFFECTIVE DATE AND TERM OF PLAN

The Board approved the Plan effective as of January __, 2007.

No Award may be paid under this Plan after the expiration of the reliance period
under Treasury Regulation Section 1.162-27(f)(1), which is the earlier of: (i)
first meeting of stockholders at which directors are to be elected that occurs
after December 31, 2010; or (ii) the date the Plan is materially amended for
purposes of Treasury Regulation Section 1.162-27(h)(1)(iii).

10.  SEVERABILITY

In the event that any one or more of the provisions contained in the Plan shall,
for any reason, be held to be invalid, illegal or unenforceable, in any respect,
such invalidity, illegality or unenforceability shall not affect any other
provision of the Plan and the Plan shall be construed as if such invalid,
illegal or unenforceable provisions had never been contained therein.

11.  WITHHOLDING

The Company shall have the right to make such provisions as it deems necessary
or appropriate to satisfy any obligations it may have under law to withhold
federal, state or local income or other taxes incurred by reason of payments
pursuant to the Plan.

12   GOVERNING LAW

The Plan and any amendments thereto shall be construed, administered, and
governed in all respects in accordance with the laws of the State of Delaware
(regardless of the law that might otherwise govern under applicable principles
of conflict of laws).<PAGE>

                                                                   Exhibit 10.70

                              CLEARWIRE CORPORATION
                          2007 STOCK COMPENSATION PLAN

                                    ARTICLE I
                           EFFECTIVE DATE AND PURPOSE

     1.1 Effective Date. The Board approved the Plan effective as of January __,
2007, subject to the approval of the Plan by the stockholders of the Company in
accordance with Code Section 422. No Award may be paid under this Plan after the
expiration of the reliance period under Treasury Regulation Section
1.162-27(f)(1), which is the earlier of: (i) first meeting of stockholders at
which directors are to be elected that occurs after December 31, 2010; or (ii)
the date the Plan is materially amended for purposes of Treasury Regulation
Section 1.162-27(h)(1)(iii).

     1.2 Purpose of the Plan. The Plan is intended to further the growth and
profitability of the Company by increasing incentives and encouraging Share
ownership on the part of the Employees, Independent Contractors and Members of
the Board of the Company and its Subsidiaries and Affiliates. The Plan is
intended to permit the grant of Awards that constitute Incentive Stock Options,
Non-Qualified Stock Options, Stock Appreciation Rights, Restricted Stock,
Restricted Stock Units and Other Stock Awards.

                                   ARTICLE II
                                   DEFINITIONS

     The following words and phrases shall have the following meanings unless a
different meaning is plainly required by the context:

     "1934 Act" means the Securities Exchange Act of 1934, as amended. Reference
to a specific section of the 1934 Act or regulation thereunder shall include
such section or regulation, any valid regulation or interpretation promulgated
under such section, and any comparable provision of any future legislation or
regulation amending, supplementing or superseding such section or regulation.

     "Affiliate" means any entity, directly or indirectly, controlled by,
controlling or under common control with the Company or any corporation or other
entity acquiring, directly or indirectly, all or substantially all the assets
and business of the Company, whether by operation of law or otherwise.

     "Award" means, individually or collectively, a grant under the Plan of
Non-Qualified Stock Options, Incentive Stock Options, Stock Appreciation Rights,
Restricted Stock, Restricted Stock Units or Other Stock Awards.

     "Award Agreement" means the written agreement setting forth the terms and
conditions applicable to an Award.

     "Base Price" means the price at which a SAR may be exercised with respect
to a Share.

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     "Board" means the Company's Board of Directors, as constituted from time to
time.

     "Change in Control" means the occurrence of any of the following:

     (a) An acquisition (other than directly from the Company) of any voting
securities of the Company (the "Voting Securities") by any "Person" (as the term
"person" is used for purposes of Section 13(d) or 14(d) of the Exchange Act),
immediately after which such Person has "Beneficial Ownership" (within the
meaning of Rule 13d-3 promulgated under the Exchange Act) of more than thirty
percent (30%) of the then-outstanding Shares or the combined voting power of the
Company's then-outstanding Voting Securities; PROVIDED, HOWEVER, that the
following acquisitions of Shares or Voting Securities shall not constitute a
Change in Control under clause (a): acquisitions by (i) an employee benefit plan
(or a trust forming a part thereof) maintained by (A) the Company or (B) any
corporation or other Person the majority of the voting power, voting equity
securities or equity interest of which is owned, directly or indirectly, by the
Company (for purposes of this definition, a "Related Entity"), (ii) the Company
or any Related Entity, or (iii) any Person in connection with a "Non-Control
Transaction" (as hereinafter defined);

     (b) The individuals who, as of immediately following the completion of the
Effective Date, are members of the Board (the "Incumbent Board"), cease for any
reason to constitute at least a majority of the members of the Board; PROVIDED,
HOWEVER, that, if the election, or nomination for election by the Company's
common stockholders, of any new director was approved by a vote of at least
two-thirds of the Incumbent Board, such new director shall, for purposes of the
Plan, be considered a member of the Incumbent Board; and PROVIDED, FURTHER,
HOWEVER, that no individual shall be considered a member of the Incumbent Board
if such individual initially assumed office as a result of an actual or
threatened solicitation of proxies or consents by or on behalf of a Person other
than the Board (a "Proxy Contest"), including by reason of any agreement
intended to avoid or settle any Proxy Contest; or

     (c) The consummation of:

          (i) A merger, consolidation or reorganization (1) with or into the
Company or a direct or indirect subsidiary of the Company or (2) in which
securities of the Company are issued (a "Merger"), unless such Merger is a
"Non-Control Transaction." A "Non-Control Transaction" shall mean a Merger in
which:

               (A) the stockholders of the Company immediately before such
Merger own directly or indirectly immediately following such Merger at least
fifty percent (50%) of the combined voting power of the outstanding voting
securities of (x) the surviving corporation, if there is no parent corporation
of the surviving corporation or (y) if there is one or more than one parent
corporation, the ultimate parent corporation; and

               (B) the individuals who were members of the Incumbent Board
immediately prior to the execution of the agreement providing for such Merger
constitute at least a majority of the members of the board of directors of (x)
the surviving corporation, if there is no parent corporation of the surviving
corporation, or (y) if there is one or more than one parent corporation, the
ultimate parent corporation;

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          (ii) A complete liquidation or dissolution of the Company; or

          (iii) The sale or other disposition of all or substantially all of the
assets of the Company and its Subsidiaries taken as a whole to any Person (other
than (x) a transfer to a Related Entity, (y) a transfer under conditions that
would constitute a Non-Control Transaction, with the disposition of assets being
regarded as a Merger for this purpose or (z) the distribution to the Company's
stockholders of the stock of a Related Entity or any other assets).

          Notwithstanding the foregoing, a Change in Control shall not be deemed
to occur solely because any Person (the "Subject Person") acquired Beneficial
Ownership of more than the permitted amount of the then outstanding Shares or
Voting Securities as a result of the acquisition of Shares or Voting Securities
by the Company which, by reducing the number of Shares or Voting Securities then
outstanding, increases the proportional number of shares Beneficially Owned by
the Subject Persons; PROVIDED that if a Change in Control would occur (but for
the operation of this sentence) as a result of the acquisition of Shares or
Voting Securities by the Company and, after such share acquisition by the
Company, the Subject Person becomes the Beneficial Owner of any additional
Shares or Voting Securities and such Beneficial Ownership increases the
percentage of the then outstanding Shares or Voting Securities Beneficially
Owned by the Subject Person, then a Change in Control shall occur.

     "Code" means the Internal Revenue Code of 1986, as amended. Reference to a
specific section of the Code or regulation thereunder shall include such section
or regulation, any valid regulation or other guidance promulgated under such
section, and any comparable provision of any future legislation or regulation
amending, supplementing or superseding such section or regulation.

     "Committee" means the committee of the Board described in Article 3.

     "Employee" means an employee of the Company, a Related Company, a
Subsidiary or an Affiliate (each an "Employer") designated by the Committee.
Notwithstanding anything to the contrary contained herein, the Committee may
grant Awards to an individual who has been extended an offer of employment by
the Company, a Related Company, a Subsidiary or an Affiliate; provided that any
such Award shall be subject to forfeiture if such individual does not commence
employment by a date established by the Committee.

     "Exercise Price" means the price at which a Share subject to an Option may
be purchased upon the exercise of the Option.

     "Fair Market Value" on any date means (a) the closing price in the primary
trading session for a Share on such date on the stock exchange, if any, on which
Shares are primarily traded (or if no Shares were traded on such date, then on
the most recent previous date on which any Shares were so traded), (b) if clause
(a) is not applicable, the closing price of the Shares on such date on The
Nasdaq Global Market at the close of the primary trading session (or if no
Shares were traded on such date, then on the most recent previous date on which
any Shares were so traded) or (c) if neither clause (a) nor clause (b) is
applicable, the value of a Share for such date as established by the Committee,
using any reasonable method of valuation.

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     "Grant Date" means the date that the Award is granted.

     "Immediate Family" means the Participant's children, stepchildren,
grandchildren, parents, stepparents, grandparents, spouse, siblings (including
half-brothers and half-sisters), in-laws, and all such relationships arising
because of legal adoption.

     "Incentive Stock Option" means an Option that is designated as an Incentive
Stock Option and is intended by the Committee to meet the requirements of
Section 422 of the Code.

     "Independent Contractor" means a person, employed by the Company for a
specific task, study or project who is not an Employee, including an advisor or
consultant who (i) is a natural person and (ii) provides bona fide services to
the Company, its parents, its majority-owned subsidiaries or majority-owned
subsidiaries of the Company's parent; provided such services are not in
connection with the offer or sale of securities in a capital-raising
transaction, and do not directly or indirectly promote or maintain a market for
the Company's securities.

     "Member of the Board" means an individual who is a member of the Board or
of the board of directors of a Subsidiary or an Affiliate.

     "Non-Qualified Stock Option" means an Option that is not an Incentive Stock
Option.

     "Option" means an option to purchase Shares granted pursuant to Article 5.

     "Optionee" means a person to whom an Option has been granted under the
Plan.

     "Other Stock Award" means an Award granted pursuant to Article 9 to receive
Shares on the terms specified in any applicable Award Agreement.

     "Participant" means an Employee, Independent Contractor or Member of the
Board with respect to whom an Award has been granted and remains outstanding.

     "Performance Goals" means goals established by the Committee as
contingencies for Awards to vest and/or become exercisable or distributable.

     "Performance Period" means the designated period during which the
Performance Goals must be satisfied with respect to the Award to which the
Performance Goals relate.

     "Period of Restriction" means the period during which Restricted Stock or
an RSU is subject to forfeiture and/or restrictions on transferability.

     "Plan" means this Clearwire Corporation 2007 Stock Compensation Plan, as
set forth in this instrument and as hereafter amended from time to time.

     "Related Company" means any person or entity that would be considered a
single employer with the Company under Section 414(b) or (c) of the Code of the
language "at least 80 percent" as used in connection with the application of
these provisions were placed by "at least 50%."

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     "Restricted Stock'" means a Stock Award granted pursuant to Article 6 under
which the Shares are subject to forfeiture upon such terms and conditions as
specified in the relevant Award Agreement.

     "Restricted Stock Unit" or "RSU" means a Stock Award granted pursuant to
Article 6 subject to a period or periods of time after which the Participant
will receive Shares if the conditions contained in such Stock Award have been
met.

     "Rule 16b-3" means Rule 16b-3 promulgated under the 1934 Act, as amended,
and any future regulation amending, supplementing or superseding such
regulation.

     "Service Relationship" means (i) an Employee's employment relationship,
(ii) an Independent Contractor's service relationship or (iii) a Member of the
Board's service as a member of the Board. Unless otherwise provided in an Award
Agreement, a Participant's Service Relationship shall not be considered to be
terminated so long as such Participant has a Service Relationship as an
Employee, Independent Contractor or Member of the Board.

     "Share" means the Company's Class A common stock, par value $0.0001 per
share, or any security issued by the Company or any successor in exchange or in
substitution therefor.

     "Stock Appreciation Right" or "SAR" means an Award granted pursuant to
Article 7, granted alone or in tandem with a related Option which is designated
by the Committee as an SAR.

     "Stock Award" means an Award of Restricted Stock or an RSU pursuant to
Article 6.

     "Subsidiary(ies)" means any corporation (other than the Company) in an
unbroken chain of corporations, including and beginning with the Company, if
each of such corporations, other than the last corporation in the unbroken
chain, owns, directly or indirectly, more than fifty percent (50%) of the voting
stock in one of the other corporations in such chain.

     "Ten Percent Holder" means an Employee (together with persons whose stock
ownership is attributed to the Employee pursuant to Section 424(d) of the Code)
who, at the time an Option is granted, owns stock representing more than ten
percent of the voting power of all classes of stock of the Company.

                                  ARTICLE III
                                 ADMINISTRATION

     3.1 The Committee. The Plan shall be administered by the Compensation
Committee of the Board.

     Reference to the Committee shall refer to the Board if the Compensation
Committee ceases to exist and the Board does not appoint a successor Committee.

     3.2 Authority and Action of the Committee. It shall be the duty of the
Committee to administer the Plan in accordance with the Plan's provisions. The
Committee shall have all powers and discretion necessary or appropriate to
administer the Plan and to control its operation, including, but not limited to,
the power to (a) determine which Employees, Independent

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Contractors and Members of the Board shall be eligible to receive Awards and to
grant Awards, (b) prescribe the form, amount, timing and other terms and
conditions of each Award, (c) interpret the Plan and the Award Agreements, (d)
adopt such procedures as it deems necessary or appropriate to permit
participation in the Plan by eligible Employees, Independent Contractors and
Members of the Board, (e) adopt such rules as it deems necessary or appropriate
for the administration, interpretation and application of the Plan, (f)
interpret, amend or revoke any such procedures or rules, (g) correct any
technical defect(s) or technical omission(s), or reconcile any technical
inconsistency(ies), in the Plan and/or any Award Agreement, (h) accelerate the
vesting or payment of any award, (i) extend the period during which an Option
may be exercisable, and (j) make all other decisions and determinations that may
be required pursuant to the Plan and/or any Award Agreement or as the Committee
deems necessary or advisable to administer the Plan.

     The acts of the Committee shall be either (i) acts of a majority of the
members of the Committee present at any meeting at which a quorum is present or
(ii) acts approved in writing by all of the members of the Committee without a
meeting. A majority of the Committee shall constitute a quorum. The Committee's
determinations under the Plan need not be uniform and may be made selectively
among Participants, whether or not such Participants are similarly situated.
Each member of the Committee is entitled to, in good faith, rely or act upon any
report or other information furnished to that member by any Employee of the
Company or any of its Subsidiaries or Affiliates, the Company's independent
certified public accountants or any executive compensation consultant or other
professional retained by the Company to assist in the administration of the
Plan.

     The Company shall effect the granting of Awards under the Plan, in
accordance with the determinations made by the Committee, by execution of
written agreements and/or other instruments in such form as is approved by the
Committee.

     3.3 Delegation by the Committee. The Committee in its sole discretion and
on such terms and conditions as it may provide may delegate all or any part of
its authority and powers under the Plan to one or more Members of the Board of
the Company and/or officers of the Company; provided, however, that the
Committee may not delegate its authority or power with respect to the selection
for participation in this Plan of an officer or other person subject to Section
16 of the 1934 Act or decisions concerning the timing, pricing or amount of an
Award to such an officer or person.

     3.4 Decisions Binding. All determinations, decisions and interpretations of
the Committee, the Board, and any delegate of the Committee pursuant to the
provisions of the Plan or any Award Agreement shall be final, conclusive, and
binding on all persons, and shall be given the maximum deference permitted by
law.

     3.5 Performance Goals. The Committee shall have the authority to grant
Awards under this Plan that are contingent upon the achievement of Performance
Goals. Such Performance Goals are to be specified in the relevant Award
Agreement and may be based on such criteria as the Committee may determine.
Performance Goals may be in respect of the performance of the Company, any of
its Subsidiaries or Affiliates or any combination thereof on either a
consolidated, business unit or divisional level. Performance Goals may be
absolute or relative (to prior

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performance of the Company or to the performance of one or more other entities
or external indices) and may be expressed in terms of a progression within a
specified range.

                                   ARTICLE IV
                           SHARES SUBJECT TO THE PLAN

     4.1 Number of Shares. Subject to adjustment as provided in Section 9.12,
the number of Shares available for grants of Awards under the Plan shall be
45,000,000 Shares. Shares awarded under the Plan may be either authorized but
unissued Shares, authorized and issued Shares reacquired and held as treasury
Shares or a combination thereof. Unless prohibited by applicable law or exchange
rules, Shares issued in assumption of, or in substitution for, any outstanding
awards of any entity acquired in any form of combination by the Company or any
Subsidiary or Affiliate shall not reduce the Shares available for grants of
Awards under this Section 4.1.

     4.2 Lapsed Awards. To the extent that Shares subject to an outstanding
Option (except to the extent Shares are issued or delivered by the Company in
connection with the exercise of a tandem SAR) or other Award are not issued or
delivered by reason of (i) the expiration, cancellation, forfeiture or other
termination of such Award, (ii) the withholding of such Shares in satisfaction
of applicable federal, state or local taxes or (iii) of the settlement of all or
a portion of such Award in cash, then such Shares shall again be available under
this Plan.

                                    ARTICLE V
                                  STOCK OPTIONS

     5.1 Grant of Options. Subject to the provisions of the Plan, Options may be
granted to Participants at such times, and subject to such terms and conditions,
as determined by the Committee in its sole discretion. An Award of Options may
include Incentive Stock Options, Non-Qualified Stock Options, or a combination
thereof; provided, however, that an Incentive Stock Option may only be granted
to an Employee of the Company or a Subsidiary and no Incentive Stock Option
shall be granted more than ten years after the earlier of (i) the date this Plan
is adopted by the Board or (ii) the date this Plan is approved by the Company's
shareholders.

     5.2 Award Agreement. Each Option shall be evidenced by an Award Agreement
that shall specify the Exercise Price, the expiration date of the Option, the
number of Shares to which the Option pertains, any conditions to the exercise of
all or a portion of the Option, and such other terms and conditions as the
Committee, in its discretion, shall determine. The Award Agreement pertaining to
an Option shall designate such Option as an Incentive Stock Option or a
Non-Qualified Stock Option. Notwithstanding any such designation, to the extent
that the aggregate Fair Market Value (determined as of the Grant Date) of Shares
with respect to which Options designated as Incentive Stock Options are
exercisable for the first time by a Participant during any calendar year (under
this Plan or any other plan of the Company, or any parent or subsidiary as
defined in Section 424 of the Code) exceeds $100,000, such Options shall
constitute Non-Qualified Stock Options. For purposes of the preceding sentence,
Incentive Stock Options shall be taken into account in the order in which they
are granted.

     5.3 Exercise Price. Subject to the other provisions of this Section, the
Exercise Price with respect to Shares subject to an Option shall be determined
by the Committee in its sole

<PAGE>

discretion; provided, however, that the Exercise Price shall be not less than
one hundred percent (100%) of the Fair Market Value of a Share on the Grant
Date; and provided further, that the Exercise Price with respect to an Incentive
Stock Option granted to a Ten Percent Holder shall not be less than one hundred
ten percent (110%) of the Fair Market Value of a Share on the Grant Date.

     5.4 Expiration Dates. Each Option shall terminate not later than the
expiration date specified in the Award Agreement pertaining to such Option;
provided, however, that the expiration date with respect to an Option shall not
be later than the tenth anniversary of its Grant Date and the expiration date
with respect to an Incentive Stock Option granted to a Ten Percent Holder shall
not be later than the fifth anniversary of its Grant Date.

     5.5 Exercisability of Options. Subject to Section 5.4, Options granted
under the Plan shall be exercisable at such times, and shall be subject to such
restrictions and conditions, as the Committee shall determine in its sole
discretion. The exercise of an Option is contingent upon payment by the Optionee
of the amount sufficient to pay all taxes required to be withheld by any
governmental agency. Such payment may be in any form approved by the Committee.

     5.6 Method of Exercise. Options shall be exercised by the Participant's
delivery of a written notice of exercise to the Chief Financial Officer of the
Company (or his or her designee), setting forth the number of Shares with
respect to which the Option is to be exercised, accompanied by full payment of
the Exercise Price with respect to each such Share and an amount sufficient to
pay all taxes required to be withheld by any governmental agency. The Exercise
Price shall be payable to the Company in full in cash or its equivalent. The
Committee, in its sole discretion, also may permit exercise (a) by tendering
previously acquired Shares which have been held by the Optionee for at least six
months having an aggregate Fair Market Value at the time of exercise equal to
the aggregate Exercise Price of the Shares with respect to which the Option is
to be exercised, or (b) by any other means which the Committee, in its sole
discretion, determines to both provide legal consideration for the Shares, and
to be consistent with the purposes of the Plan, including, without limitation,
through a registered broker-dealer pursuant to such cashless exercise procedures
which are, from time to time, deemed acceptable by the Committee. As soon as
practicable after receipt of a written notification of exercise and full payment
for the Shares with respect to which the Option is exercised, the Company shall
deliver to the Participant Share certificates (which may be in book entry form)
for such Shares with respect to which the Option is exercised.

     5.7 Restrictions on Share Transferability. Incentive Stock Options are not
transferable, except by will or the laws of descent. The Committee may impose
such additional restrictions on any Shares acquired pursuant to the exercise of
an Option as it may deem advisable, including, but not limited to, restrictions
related to applicable federal securities laws, the requirements of any national
securities exchange or system upon which Shares are then listed or traded, or
any blue sky or state securities laws.

<PAGE>

                                   ARTICLE VI
                                  STOCK AWARDS

     6.1 Grant of Stock Awards. Subject to the provisions of the Plan, Stock
Awards may be granted to such Participants at such times, and subject to such
terms and conditions, as determined by the Committee in its sole discretion.

     6.2 Stock Award Agreement. Each Stock Award shall be evidenced by an Award
Agreement that shall specify the number of Shares granted, the price, if any, to
be paid for the Shares and the Period of Restriction applicable to a Restricted
Stock Award or RSU Award and such other terms and conditions as the Committee,
in its sole discretion, shall determine.

     6.3 Transferability/Share Certificates. Shares subject to an Award of
Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated during a Period of Restriction. During the Period of
Restriction, a Restricted Stock Award may be registered in the holder's name or
a nominee's name at the discretion of the Company and may bear a legend as
described in Section 6.4.2. Unless the Committee determines otherwise, Shares of
Restricted Stock shall be held by the Company as escrow agent during the
applicable Period of Restriction, together with stock powers or other
instruments of assignment (including a power of attorney), each endorsed in
blank with a guarantee of signature if deemed necessary or appropriate by the
Company, which would permit transfer to the Company of all or a portion of the
Shares subject to the Restricted Stock Award in the event such Award is
forfeited in whole or part.

     6.4 Other Restrictions. The Committee, in its sole discretion, may impose
such other restrictions on Shares subject to an Award of Restricted Stock as it
may deem advisable or appropriate.

          6.4.1 General Restrictions. The Committee may set restrictions based
upon applicable federal or state securities laws, or any other basis determined
by the Committee in its discretion.

          6.4.2 Legend on Certificates. The Committee, in its sole discretion,
may legend the certificates representing Restricted Stock during the Period of
Restriction to give appropriate notice of such restrictions. For example, the
Committee may determine that some or all certificates representing Shares of
Restricted Stock shall bear the following legend: "The sale or other transfer of
the shares of stock represented by this certificate, whether voluntary,
involuntary, or by operation of law, is subject to certain restrictions on
transfer as set forth in the Clearwire Corporation 2007 Stock Compensation Plan
(the "Plan"), and in a Restricted Stock Agreement (as defined by the Plan). A
copy of the Plan and such Restricted Stock Agreement may be obtained from the
Chief Financial Officer of Clearwire Corporation."

     6.5 Removal of Restrictions. Shares of Restricted Stock covered by a
Restricted Stock Award made under the Plan shall be released from escrow as soon
as practicable after the termination of the Period of Restriction and, subject
to the Company's right to require payment of any taxes, a certificate or
certificates evidencing ownership of the requisite number of Shares shall be
delivered to the Participant.

<PAGE>

     6.6 Voting Rights. During the Period of Restriction, Participants holding
Shares of Restricted Stock granted hereunder may exercise full voting rights
with respect to those Shares, unless otherwise provided in the Award Agreement.

     6.7 Dividends and Other Distributions. During the Period of Restriction,
Participants holding Shares of Restricted Stock shall be entitled to receive all
dividends and other distributions paid with respect to such Shares unless
otherwise provided in the Award Agreement. Unless otherwise provided in the
Award Agreement, any such dividends or distributions shall be deposited with the
Company and shall be subject to the same restrictions on transferability and
forfeitability as the Shares of Restricted Stock with respect to which they were
paid.

                                   ARTICLE VII
                            STOCK APPRECIATION RIGHTS

     7.1 Grant of SARs. Subject to the provisions of the Plan, SARs may be
granted to such Participants at such times, and subject to such terms and
conditions, as shall be determined by the Committee in its sole discretion;
provided, however, that any tandem SAR (i.e., a SAR granted in tandem with an
Option) related to an Incentive Stock Option shall be granted at the same time
that such Incentive Stock Option is granted.

     7.2 Base Price and Other Terms. The Committee, subject to the provisions of
the Plan, shall have complete discretion to determine the terms and conditions
of SARs granted under the Plan. Without limiting the foregoing, the Base Price
with respect to Shares subject to a tandem SAR shall be the same as the Exercise
Price with respect to the Shares subject to the related Option.

     7.3 SAR Agreement. Each SAR grant shall be evidenced by an Award Agreement
that shall specify the Base Price (which shall not be less than one hundred
percent (100%) of the Fair Market Value of a Share on the Grant Date), the term
of the SAR, the conditions of exercise, and such other terms and conditions as
the Committee, in its sole discretion, shall determine.

     7.4 Expiration Dates. Each SAR shall terminate no later than the tenth
anniversary of its Grant Date; provided, however, that the expiration date with
respect to a tandem SAR shall not be later than the expiration date of the
related Option.

     7.5 Payment of SAR Amount. Unless otherwise specified in the Award
Agreement pertaining to a SAR, a SAR may be exercised (a) by the Participant's
delivery of a written notice of exercise to the Chief Financial Officer of the
Company (or his or her designee) setting forth the number of whole SARs which
are being exercised, (b) in the case of a tandem SAR, by surrendering to the
Company any Options which are cancelled by reason of the exercise of such SAR,
and (c) by executing such documents as the Company may reasonably request.
Except as otherwise provided in the relevant Award Agreement, upon exercise of a
SAR, the Participant shall be entitled to receive payment from the Company in an
amount determined by multiplying: (i) the amount by which the Fair Market Value
of a Share on the date of exercise exceeds the Base Price specified in the Award
Agreement pertaining to such SAR; by (ii) the number of Shares with respect to
which the SAR is exercised.

     7.6 Payment Upon Exercise of SAR. Payment to a Participant upon the
exercise of the SAR shall be made, as determined by the Committee in its sole
discretion, either (a) in cash, (b) in

<PAGE>

Shares with a Fair Market Value equal to the amount of the payment or (c) in a
combination thereof, as set forth in the applicable Award Agreement.

                                  ARTICLE VIII
                               OTHER STOCK AWARDS

     8.1 Grant of Other Stock Awards. Subject to the provisions of the Plan, the
Committee may develop sub-plans or grant other equity-based awards ("Other Stock
Awards") on such terms as it may determine, including, but not limited to,
Awards designed to comply with or take advantage of applicable local laws of
jurisdictions outside of the United States.

                                   ARTICLE IX
                                  MISCELLANEOUS

     9.1 No Effect on Employment or Service. Nothing in the Plan shall interfere
with or limit in any way the right of the Company to terminate any Participant's
Service Relationship at any time, for any reason and with or without cause.

     9.2 Participation. No person shall have the right to be selected to receive
an Award under this Plan, or, having been so selected, to be selected to receive
a future Award.

     9.3 Indemnification. Each person who is or shall have been a member of the
Committee, or of the Board, shall be indemnified and held harmless by the
Company against and from (a) any loss, cost, liability, or expense that may be
imposed upon or reasonably incurred by him or her in connection with or
resulting from any claim, action, suit, or proceeding to which he or she may be
a party or in which he or she may be involved by reason of any good faith action
taken or good faith failure to act under the Plan or any Award Agreement, and
(b) from any and all amounts paid by him or her in settlement thereof, with the
Company's approval, or paid by him or her in satisfaction of any judgment in any
such claim, action, suit, or proceeding against him or her, provided he or she
shall give the Company an opportunity, at its own expense, to handle and defend
the same before he or she undertakes to handle and defend it on his or her own
behalf. The foregoing right of indemnification shall not be exclusive of any
other rights of indemnification to which such persons may be entitled under the
Company's Certificate of Incorporation or By-Laws, by contract, as a matter of
law, or otherwise, or under any power that the Company may have to indemnify
them or hold them harmless.

     9.4 Successors. All obligations of the Company under the Plan, with respect
to Awards granted hereunder, shall be binding on any successor to the Company,
whether the existence of such successor is the result of a direct or indirect
purchase, merger, consolidation or otherwise, of all or substantially all of the
business or assets of the Company.

     9.5 Beneficiary Designations. Subject to the restrictions in Section 9.6
below, a Participant under the Plan may name a beneficiary or beneficiaries to
whom any vested but unpaid Award shall be paid in the event of the Participant's
death. For purposes of this Section, a beneficiary may include a designated
trust having as its primary beneficiary a family member of a Participant. Each
such designation shall revoke all prior designations by the Participant and
shall be effective only if given in a form and manner acceptable to the
Committee. In the absence of any such designation, any vested benefits remaining
unpaid at the Participant's death shall be paid to the

<PAGE>

Participant's estate and, subject to the terms of the Plan and of the applicable
Award Agreement, any unexercised vested Award may be exercised by the
administrator or executor of the Participant's estate.

     9.6 Nontransferability of Awards. No Award granted under the Plan may be
sold, transferred, pledged, assigned, or otherwise alienated or hypothecated,
other than by will, by the laws of descent and distribution; provided, however,
that except as provided by in the relevant Award Agreement, a Participant may
transfer, without consideration, an Award other than an Incentive Stock Option
to one or more members of his or her Immediate Family, to a trust established
for the exclusive benefit of one or more members of his or her Immediate Family,
to a partnership in which all the partners are members of his or her Immediate
Family, or to a limited liability company in which all the members are members
of his or her Immediate Family; provided, further, that any such Immediate
Family, and any such trust, partnership and limited liability company, shall
agree to be and shall be bound by the terms of the Plan, and by the terms and
provisions of the applicable Award Agreement and any other agreements covering
the transferred Awards. All rights with respect to an Award granted to a
Participant shall be available during his or her lifetime only to the
Participant and may be exercised only by the Participant or the Participant's
legal representative.

     9.7 No Rights as Stockholder. Except to the limited extent provided in
Sections 6.6 and 6.7, no Participant (nor any beneficiary) shall have any of the
rights or privileges of a stockholder of the Company with respect to any Shares
issuable pursuant to an Award (or exercise thereof), unless and until
certificates representing such Shares shall have been issued, recorded on the
records of the Company or its transfer agents or registrars, and delivered to
the Participant (or beneficiary).

     9.8 Withholding Requirements. Prior to the delivery of any Shares or cash
pursuant to an Award (or exercise thereof), the Company shall have the power and
the right to deduct or withhold, or require a Participant to remit to the
Company, an amount sufficient to satisfy any federal, state, local and foreign
taxes of any kind (including, but not limited to, the Participant's FICA and SDI
obligations) which the Committee, in its sole discretion, deems necessary to be
withheld or remitted to comply with the Code and/or any other applicable law,
rule or regulation with respect to such Award (or exercise thereof).

     9.9 Withholding Arrangements. The Committee, in its sole discretion and
pursuant to such procedures as it may specify from time to time, may permit or
require a Participant to satisfy all or part of the tax withholding obligations
in connection with an Award by (a) having the Company withhold otherwise
deliverable Shares, or (b) delivering to the Company already-owned Shares having
a Fair Market Value equal to the amount required to be withheld, provided such
Shares have been held by the Participant for at least six months.

     9.10 No Corporate Action Restriction. The existence of the Plan, any Award
Agreement and/or the Awards granted hereunder shall not limit, affect or
restrict in any way the right or power of the Board or the shareholders of the
Company to make or authorize (a) any adjustment, recapitalization,
reorganization or other change in the Company's or any Subsidiary's or
Affiliate's capital structure or business, (b) any merger, consolidation or
change in the ownership of the Company or any Subsidiary or Affiliate, (c) any
issue of bonds, debentures, capital, preferred or

<PAGE>

prior preference stocks ahead of or affecting the Company's or any Subsidiary's
or Affiliate's capital stock or the rights thereof, (d) any dissolution or
liquidation of the Company or any Subsidiary or Affiliate, (e) any sale or
transfer of all or any part of the Company's or any Subsidiary's or Affiliate's
assets or business, or (f) any other corporate act or proceeding by the Company
or any Subsidiary or Affiliate. No Participant, beneficiary or any other person
shall have any claim against any Member of the Board or the Committee, the
Company or any Subsidiary or Affiliate, or any employees, officers, shareholders
or agents of the Company or any Subsidiary or Affiliate, as a result of any such
action.

     9.11 Restrictions on Shares. Each Award made hereunder shall be subject to
the requirement that if at any time the Company determines that the listing,
registration or qualification of the Shares subject to such Award upon any
securities exchange or under any law, or the consent or approval of any
governmental body, or the taking of any other action is necessary or desirable
as a condition of, or in connection with, the exercise or settlement of such
Award or the delivery of Shares thereunder, such Award shall not be exercised or
settled and such Shares shall not be delivered unless such listing,
registration, qualification, consent, approval or other action shall have been
effected or obtained, free of any conditions not acceptable to the Company. The
Company may require that certificates evidencing Shares delivered pursuant to
any Award made hereunder bear a legend indicating that the sale, transfer or
other disposition thereof by the holder is prohibited except in compliance with
the Securities Act of 1933, as amended, and the rules and regulations
thereunder.

     9.12 Changes in Capital Structure. In the event that any extraordinary
dividend or other distribution (whether in the form of cash, Shares, other
securities, or other property), recapitalization, stock split, reverse stock
split, reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase, change of control or exchange of Shares or other securities of the
Company, or other corporate transaction or event (each a "Corporate Event")
affects the Shares, the Board shall, in such manner as it in good faith deems
equitable, adjust any or all of (i) the number of Shares or other securities of
the Company (or number and kind of other securities or property) with respect to
which Awards may be granted, (ii) the number of Shares or other securities of
the Company (or number and kind of other securities or property) subject to
outstanding Awards, and (iii) the Exercise Price or Base Price with respect to
any Award, or make provision for an immediate cash payment to the holder of an
outstanding Award in consideration for the cancellation of such Award.

     If the Company enters into or is or may become involved in any Corporate
Event or a Change in Control, the Board shall, prior to such Corporate Event and
effective upon such Corporate Event, take such action as it deems appropriate,
including, but not limited to, replacing Awards with substitute awards in
respect of the Shares, other securities or other property of the surviving
corporation or any affiliate of the surviving corporation on such terms and
conditions, as to the number of shares, pricing and otherwise, which shall
substantially preserve the value, rights and benefits of any affected Awards
granted hereunder as of the date of the consummation of the Corporate Event or a
Change in Control. Notwithstanding anything to the contrary in the Plan, if any
Corporate Event or Change in Control occurs, the Company shall have the right,
but not the obligation, to cancel each Participant's Awards immediately prior to
such Corporate Event and to pay to each affected Participant in connection with
the cancellation of such Participant's Awards, an

<PAGE>

amount equal that the Committee, in its sole discretion, in good faith
determines to be the equivalent value of such Award (e.g., in the case of an
Option, the amount of the spread).

     Upon receipt by any affected Participant of any such substitute awards (or
payment) as a result of any such Corporate Event, such Participant's affected
Awards for which such substitute awards (or payment) were received shall be
thereupon cancelled without the need for obtaining the consent of any such
affected Participant. Any actions or determinations of the Committee under this
Section 9.12 need not be uniform as to all outstanding Awards, nor treat all
Participants identically.

                                    ARTICLE X
                       AMENDMENT, TERMINATION AND DURATION

     10.1 Amendment, Suspension or Termination. The Board, in its sole
discretion, may amend, suspend or terminate the Plan, or any part thereof, at
any time and for any reason, subject to any requirement of stockholder approval
required by applicable law, rule or regulation, including, without limitation,
Section 422 of the Code, Section 162(m) of the Code and the rules of the Nasdaq
Global Market; provided, however, the Board may amend the Plan and any Award
Agreement, including without limitation retroactive amendments, without
shareholder approval as necessary to avoid the imposition of any taxes under
Section 409A of the Code. Subject to the preceding sentence, the amendment,
suspension or termination of the Plan or any Award Agreement shall not, without
the consent of the Participant, materially adversely alter or impair any rights
or obligations under any Award theretofore granted to such Participant. No Award
may be granted during any period of suspension or after termination of the Plan.

     10.2 Duration of the Plan. The Plan shall, subject to Section 10.1,
terminate ten years after adoption by the Board, unless earlier terminated by
the Board and no further Awards shall be granted under the Plan. The termination
of the Plan shall not affect any Awards granted prior to the termination of the
Plan.

                                   ARTICLE XI
                               LEGAL CONSTRUCTION

     11.1 Gender and Number. Except where otherwise indicated by the context,
any masculine term used herein also shall include the feminine; the plural shall
include the singular and the singular shall include the plural.

     11.2 Severability. In the event any provision of the Plan or of any Award
Agreement shall be held illegal or invalid for any reason, the illegality or
invalidity shall not affect the remaining parts of the Plan or the Award
Agreement, and the Plan and/or the Award Agreement shall be construed and
enforced as if the illegal or invalid provision had not been included.

     11.3 Requirements of Law. The granting of Awards and the issuance of Shares
under the Plan shall be subject to all applicable laws, rules and regulations,
and to such approvals by any governmental agencies or national securities
exchanges as may be required.

<PAGE>

     11.4 Governing Law. The Plan and all Award Agreements shall be construed in
accordance with and governed by the laws of the State of Delaware, but without
regard to its conflict of law provisions.

     11.5 Captions. Captions are provided herein for convenience only, and shall
not serve as a basis for interpretation or construction of the Plan.

     11.6 Incentive Stock Options. Should any Option granted under this Plan be
designated an "Incentive Stock Option," but fail, for any reason, to meet the
requirements of the Code for such a designation, then such Option shall be
deemed to be a Non-Qualified Stock Option and shall be valid as such according
to its terms.

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