Document:

Exhibit

EXHIBIT 10.1

FOURTH AMENDMENT

THIS FOURTH AMENDMENT TO THE RECEIVABLES SALE AND CONTRIBUTION AGREEMENT (this “Amendment”), dated as of May 5, 2017, is entered into by and among T-Mobile PCS Holdings LLC, a Delaware limited liability company (“T-Mobile PCS Holdings”), and T-Mobile Airtime Funding LLC, a Delaware limited liability (the “Funding Purchaser”).
WHEREAS, T-Mobile PCS Holdings and the Funding Purchaser are parties to that certain Receivables Sale and Contribution Agreement, dated as of February 26, 2014, as amended by that certain First Amendment to the Receivables Sale and Contribution Agreement, dated as of November 28, 2014, that certain Second Amendment to the Receivables Sale and Contribution Agreement, dated as of January 9, 2015, and that certain Third Amendment to the Receivables Sale and Contribution Agreement, dated as of November 30, 2016 (collectively, the “Agreement”);
WHEREAS, the parties hereto desire to amend the Agreement in certain respects as provided herein.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
		
	1.
	Defined Terms. Capitalized terms used and not otherwise defined herein are used as defined in the Agreement.

		
	2.
	Amendment to Section 5.02. Effective as of the date hereof, Section 5.02 of the Agreement is amended and restated in its entirety to read as follows:

“Repurchases of Aged Receivables and EPS Receivables; Retransfers of Incipient Written-Off Receivables. In the event that the Funding Purchaser, pursuant to Section 5.1 of the Receivables Purchase Agreement, repurchases from the Purchaser Aged Receivables or EPS Receivables, then without further action on the part of T-Mobile PCS Holdings or the Funding Purchaser, each such Aged Receivable or EPS Receivable shall be immediately thereafter automatically repurchased by T-Mobile PCS Holdings (a) in the case of Aged Receivables (which are not EPS Receivables) at a repurchase price equal to the original Purchase Price for such Receivable (an amount equal to (i) the Outstanding Balance of such Purchased Receivable on the date of repurchase minus (ii) the Discount with respect to such Purchased Receivable) and (b) in the case of EPS Receivables at a repurchase price equal to (i) the EPS Fair Value Percentage of (ii) the Outstanding Balance of such Purchased Receivable on the date of repurchase. Such repurchase prices shall be paid by T-Mobile PCS Holdings in cash to the Funding Purchaser.  In the event that the Funding Purchaser, pursuant to Section 5.1(a) of the Receivables Purchase Agreement, repurchases from the Purchaser Receivables that immediately prior to such repurchase will become Written-Off Receivables (each such Receivable, an “Incipient Written-Off Receivable”), then without further action on the part of 

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T-Mobile PCS Holdings or the Funding Purchaser, each such Incipient Written-Off Receivable shall be immediately thereafter automatically retransferred to T-Mobile PCS Holdings. All such repurchases and retransfers shall be made without recourse to, and without warranty of any kind by, the Funding Purchaser, and all representations and warranties are hereby expressly disclaimed.”
		
	3.
	Representations and Warranties. Each of the parties hereto hereby represents and warrants that this Amendment constitutes the legal, valid and binding obligation of such party, enforceable against it in accordance with its terms, except as limited by bankruptcy, insolvency or other similar laws of general application relating to or affecting the enforcement of creditors’ rights generally and subject to the general principals of equity.

		
	4.
	Agreement in Full Force and Effect as Amended. Except as specifically amended hereby, the Agreement shall remain in full force and effect and is hereby ratified and reaffirmed by the parties hereto. All references to the Agreement shall be deemed to mean the Agreement as modified hereby. The parties hereto agree to be bound by the terms and conditions of the Agreement as amended by this Amendment, as though such terms and conditions were set forth herein.

		
	5.
	Counterparts. This Amendment may be executed by different parties on any number of counterparts, each of which shall constitute an original and all of which, taken together, shall constitute one and the same agreement.

		
	6.
	Further Amendment. This Amendment may not be amended or otherwise modified except as provided in the Agreement.

		
	7.
	Section Headings. The section headings in the Amendment are for reference only and shall not affect the construction of this Amendment.

		
	8.
	Governing Law; Venue; Waiver of Jury Trial. The provisions of Section 8.06, 8.12 and 8.13 of the Agreement are hereby incorporated by reference as if fully set forth herein, except that references therein to “this Agreement” shall be construed herein as references to the Agreement, as amended by this Amendment.

[SIGNATURE PAGES FOLLOW]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized as of the date written above.
	
		
	T-MOBILE AIRTIME FUNDING LLC, as Funding Purchaser
	T-MOBILE PCS HOLDINGS LLC, as Seller

	 
	 

	 
	 

	By:      /s/ Dirk Wehrse            
Name: Dirk Wehrse
Title:   Senior Vice President, Treasury & Treasurer
	By:      /s/ Dirk Wehrse            
Name: Dirk Wehrse
Title:   Senior Vice President, Treasury & Treasurer

Fourth Amendment to Contribution Agreement
   

ACKNOWLEDGED AND ACCEPTED:

	
		
	T-MOBILE US, INC., 
as Performance Guarantor
	 

	 
	 

	 
	 

	By:      /s/ Dirk Wehrse
Name: Dirk Wehrse
Title:   Senior Vice President, Treasury & Treasurer
	 

Fourth Amendment to Contribution Agreement
   

	
	
	BILLING GATE ONE LLC, as Purchaser under the Master Receivables Purchase Agreement
By: Billing Gate One Trust, as Manager
By: Wells Fargo Delaware Trust Company, National Association, solely as Trustee and not in its individual capacity

	 

	 

	By:      /s/ Sandra Battaglia
Name: Sandra Battaglia
Title:   Vice President

Fourth Amendment to Contribution Agreement
   

	
		
	LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE, as Bank Purchasing Agent and a Bank Purchaser

	 
	 

	 
	 

	By:      /s/ Bjoern Mollner
Name: Bjoern Mollner
Title:   VP
	By:      /s/ Björn Reinecke
Name: Björn Reinecke
Title:   Assistant Vice President

Fourth Amendment to Contribution Agreement
   

	
		
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., DÜSSELDORF BRANCH, as Bank Collections Agent and a Bank Purchaser

	 
	 

	 
	 

	By:      /s/ Stephan Stamm
Name: Stephan Stamm
Title:   Managing Director
	By:      /s/ Ed Langendam
Name: Ed Langendam
Title:   Managing Director

Fourth Amendment to Contribution Agreement
   

	
		
	AUTOBAHN FUNDING COMPANY LLC
as the Conduit Purchaser and as a Bank Purchaser
	 

	 
	 

	 
	 

	By:/s/ Alexander Ploch
Name:Alexander Ploch
Title:Vice President
	By:/s/ Christian Haesslein
Name:Christian Haesslein
Title:Director

 
	
		
	DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, New York Branch 
as the Conduit Agent

	 
	 

	 
	 

	By:    /s/ Alexander Ploch    
Name: Alexander Ploch
Title:   Vice President
	By:      /s/ Christian Haesslein
Name: Christian Haesslein
Title:   Director

Fourth Amendment to Contribution AgreementExhibit

EXHIBIT 10.2

FIRST AMENDMENT TO THE SECOND AMENDED AND RESTATED 
MASTER RECEIVABLES PURCHASE AGREEMENT
THIS FIRST AMENDMENT TO THE SECOND AMENDED AND RESTATED MASTER RECEIVABLES PURCHASE AGREEMENT, dated May 5, 2017 (this “Amendment”), is by and among T-MOBILE AIRTIME FUNDING LLC (“T-Mobile Funding” or the “Funding Seller”); BILLING GATE ONE LLC (the “Purchaser”); LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE (“Helaba” or, in its capacity as Bank Purchasing Agent on behalf of the Bank Purchasers, the “Bank Purchasing Agent” and a “Co-Agent”); THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., DÜSSELDORF BRANCH, (“BTMU” or, in its capacity as Bank Collections Agent on behalf of the Bank Purchasers, the “Bank Collections Agent” and a “Co-Agent”); T-MOBILE PCS HOLDINGS LLC, as Servicer (“T-Mobile PCS Holdings” or the “Servicer”); and T-MOBILE US, INC., a Delaware corporation (the “Performance Guarantor” or “TMUS”).
RECITALS:
WHEREAS, the parties hereto have entered into the Second Amended and Restated Master Receivables Purchase Agreement, dated as of November 30, 2016, (as amended, supplemented or otherwise modified from time to time, the “Agreement”); and
WHEREAS, the parties hereto wish to amend the Agreement as set forth in this Amendment.
NOW, THEREFORE, the parties hereto, in consideration of their mutual covenants hereinafter set forth and intending to be legally bound hereby, agree as follows:
ARTICLE 1
DEFINITIONS
Section  1.01Capitalized Terms. Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed thereto in the Agreement.
ARTICLE 2
AMENDMENTS
Section  2.01Amendments to the Agreement.
(a)Section 1.1 of the Agreement is hereby amended by addition of the following definitions in correct alphabetical order:

“EPS Cap Increase Notice” means a notice issued by the Servicer to the Purchasing Entities mandating an increase in the limit on EPS Receivables and specifying an increase in the Discount Rate.
“EPS Fair Value Percentage” means, for any Purchased Receivable that has become an EPS Receivable at any time, a percentage determined in good faith by the Servicer, which reflects the expected percentage of the Nominal Value of an EPS Receivable which the Servicer reasonably believes will be recovered following such time as a Purchased Receivable becomes an EPS Receivable.  Such determination shall be based on historical recovery experience of the Servicer and its affiliates with respect to similar receivables.  As of the date hereof, the EPS Fair Value Percentage shall be 75%.  The Servicer may change the EPS Fair Value Percentage from time to time based on such historical recovery experience and will review such percentage on a monthly basis and notify the other parties hereto of any such change.
“EPS Loss Amount” means, with respect to any Purchased Receivable that has become an EPS Receivable, the EPS Loss Percentage for such Purchased Receivable of the Nominal Amount of such Purchased Receivable.
“EPS Loss Percentage” means, at any time, (a) 100% minus (b) the EPS Fair Value Percentage.
(b)Section 1.1 of the Agreement is hereby amended by amending the following definitions to read as follows:
“Aged Receivable” means a Purchased Receivable (other than a Written-Off Receivable) that has not been paid in full by the related Obligor more than 120 days after its original Due Date. For the avoidance of doubt, an EPS Receivable shall not be considered to be an Aged Receivable.
“Allocated Write-Off Amount” means, with respect to each Batch, for each Settlement Date, the aggregate amount of Write-Offs that occurred with respect to the Purchased Receivables (other than EPS Receivables) included in such Batch during the most recently ended Collection Period.
“Delinquent Receivable” means a Purchased Receivable that is not an Aged Receivable and for which any payment, or part thereof, remains unpaid for more than 60 and less than 91 days from the original Due Date for such payment. For the avoidance of doubt, an EPS Receivable shall not be considered to be a Delinquent Receivable.
“Dilutions” means, with respect to any Purchased Receivable (other than an EPS Receivable), the aggregate amount of any reductions or adjustments in the Outstanding Balance of such Receivable as a result of any defective, rejected, returned, repossessed or foreclosed goods or services, any failure to provide services or any credit, rebate, sales allowance, discount or other adjustment or setoff.  For the avoidance of doubt, no Dilution shall be recognized with respect to an EPS Receivable, including at the time when a Purchased Receivable becomes an EPS Receivable.

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“Discount Rate” means (i) with respect to the Closing Date Batch and the Batches related to the first three consecutive Collection Periods following the Closing Cut-Off Date, 0.40%, (ii) with respect to the June 2014 Batch until the December 2015 Batch (inclusive), 0.05%, (iii) with respect to the January 2016 Batch until the February 2017 Batch 0.40%, (iv) with respect to the March 2017 Batch and April 2017 Batch, 0.60% and (v) with respect to the May 2017 Batch and all subsequent Batches thereafter, 0.80%, as such percentage may be adjusted from time to time in accordance with the terms hereof.
“Level 4 Reserve Batch Amount” means, for each Collection Period Batch, the greater of (A) its Batch Receivables Amount and (B) the amount equal to (i) before November 30, 2014, $875,000,000, (ii) on and after November 30, 2014, through November 30, 2016, $985,000,000, (iii) on and after December 1, 2016 through April 30, 2017, $1,150,000,000 and (iv) on and after May 1, 2017, $1,300,000,000.
“Level 4 Reserve Percentage” means (A) with respect to the Closing Date and each Settlement Date until the September 2017 Settlement Date, as described on Annex 11 attached hereto, and (B) with respect to the September 2017 Settlement Date and each Settlement Date thereafter, 3.14%, as such percentage may be adjusted from time to time in accordance with the terms hereof.
“Maximum Batch Mandatory Repurchase Amount” means, with respect to a Batch and a Settlement Date, the following:
		
	(a)
	the product of (i) the Maximum Mandatory Repurchase Percentage for the Collection Period to which such Batch relates times (ii) its Batch Receivables Amount; minus

		
	(b)
	the aggregate amount of reductions (in connection with the allocation of the Allocated Write-Off Amount and EPS Loss Amounts) that were required to be made to the Mandatory Repurchase Reserve Payment Amount with respect to such Batch on all prior Settlement Dates pursuant to Sections 5.3(b)(i) and 5.3(c)(i).

“Maximum Sales Amount” means $1,900,000,000, or such other amount agreed from time to time between the Funding Seller and the Bank Purchasing Agent.
“Recoveries” means, all Collections with respect to Written-Off Receivables; provided that the parties agree that (a) tax refunds, whether in the form of cash or otherwise, with respect to Receivables and (b) any cash payments (or equivalent) or any other cash proceeds collected on EPS Receivables (including cash proceeds of Related Rights with respect to such EPS Receivables) shall not constitute Collections or Recoveries.
(c)    Section 3.2(b) is hereby amended by amendment of the last sentence of such section and addition of a new sentence as follows:
The Servicer shall not permit any Purchased Receivable to become an EPS Receivable if, during any Collection Period, the aggregate Nominal Value of Purchased Receivables that become EPS Receivables during such Collection Period would exceed $10,000,000 unless the Servicer has issued the EPS Cap Increase Notice to each of the Purchasing 

3

Entities by no later than the Reporting Date related to such Collection Period.  If an EPS Cap Increase Notice has been issued by the Servicer, such $10,000,000 limit for EPS Receivables shall be increased to $20,000,000 and the Discount Rate shall be increased by 0.09%, effective as of the first day of the Collection Period in which the aggregate Nominal Value of Purchased Receivables that became EPS Receivables exceeded $10,000,000.  Any failure of the Servicer to issue an EPS Cap Increase Notice on or before such Reporting Date related to a Collection Period during which the $10,000,000 EPS limit was exceeded specifying such increase in the Discount Rate shall be deemed a failure to perform in a material manner a term contained in this Agreement for purposes of Section 11.4(c).  The Servicer will include the amount of EPS Receivables with respect to each Collection Period in the related Monthly Report.  In the event of an increase of the EPS limit to $20,000,000, (i) the Servicer shall thereafter be required to determine the amount of Purchased Receivables which become EPS Receivables no less frequently than weekly and (ii) any breach of the $20,000,000 EPS limit during any Collection Period shall be deemed a failure to perform in a material manner a term contained in this Agreement for purposes of Section 11.4(c).
(d)    Section 5.1(a) is hereby amended by amendment of the first paragraph as follows:
“Imminent Write-Offs; EPS Receivables.  On each Business Day, each Purchased Receivable that the Servicer has determined will become the subject of a Write-Off shall be retransferred by the Purchaser to the Funding Seller, automatically, and without any further action by the Purchaser or the Funding Seller.  On each Business Day on and following the Facility Termination Date, each Purchased Receivable not previously retransferred that has become an EPS Receivable shall be retransferred by the Purchaser to the Funding Seller, upon deposit by the Funding Seller of a repurchase price to the Collection Account equal to the EPS Fair Value Percentage of the Nominal Value of such EPS Receivable within two Business Days of such Receivable becoming an EPS Receivable.  For the avoidance of doubt, following the Facility Termination Date, the Servicer shall not, without the prior written consent of the Co-Agents, permit any Purchased Receivable to become an EPS Receivable following the Funding Seller’s failure to pay the repurchase price for any EPS Receivables in accordance with this Section 5.1(a).”
(e)    Section 5.1(b) is hereby amended in its entirety as follows:
“Aged Receivables; EPS Receivables. In addition to the foregoing, unless the Servicer at any time shall have failed to pay the Required Amount into the Collection Account in accordance with Section 2.6(c), during each Collection Period, on each Business Day that shall occur during such Collection Period, the Funding Seller shall repurchase from the Purchaser, effective automatically as of such Business Day, each Purchased Receivable that shall have become an Aged Receivable, or, prior to the Facility Termination Date, an EPS Receivable, it being agreed and understood (i) that the repurchase thereof shall be settled on the first Settlement Date to occur after the end of such Collection Period in accordance with the following provisions of this Section 5.1(b) and (ii) that, notwithstanding any of the foregoing, at any time, the Funding Seller may notify each of the Purchasing Entities in writing that, for any Batch, the Funding Seller shall repurchase Aged Receivables pursuant to this Section 5.1 only to the extent that the aggregate Outstanding Balance of all of the Aged Receivables from such Batch repurchased by the Funding Seller during the term of this Agreement would not exceed 10.00% of the related Batch 

4

Receivables Amount, which limitation of repurchases shall take effect on the first Settlement Date to occur after the end of the Collection Period during which such notification was given. 
For each Batch, the repurchase price payable by the Funding Seller to the Purchaser for such Aged Receivables or EPS Receivables (i) shall be an amount equal to (x) with respect to such Aged Receivables (which are not EPS Receivables), the product of (A) the Funding Advance Rate times (B) the aggregate Outstanding Balance of all of the repurchased Aged Receivables included in such Batch, and (y) with respect to such EPS Receivables, the EPS Fair Value Percentage of the Nominal Value of such EPS Receivables; and (ii) shall be paid on the Settlement Date on which their repurchase is to be settled in accordance with this Section 5.1(b) by requiring the Funding Seller to pay to the Purchaser an amount equal to the aggregate amount of all of such repurchase prices, which amount shall be deemed to have been paid by requiring the Purchaser to reduce the Mandatory Repurchase Reserve Payment Amount for such Settlement Date by a corresponding amount, it being understood between the parties that such reduction may result in a negative Mandatory Repurchase Reserve Payment Amount.”
(f)    Section 5.3(a) is hereby amended in its entirety as follows:
“On each Settlement Date until and including the Final Termination Date, the Servicer will determine, for each Batch and such Settlement Date, the Allocated Write-Off Amount related thereto and the relevant EPS Loss Amounts described in Sections 5.3(b) and 5.3(c), together with the Immediate Write-Off Amount and the Aged Receivables Write-Off Amount (as each of such terms is defined in Sections 5.3(b) and 5.3(c) below) related thereto.”
(g)    Section 5.3(b) is hereby amended by amendment of the first paragraph as follows:
“On each Settlement Date until and including the Final Termination Date, before giving effect to Section 5.3(c) below, for each Batch, an amount equal to the sum of (x) the portion of the Allocated Write-Off Amount for such Settlement Date that is not attributable to Aged Receivables that have been repurchased by the Funding Seller and paid for pursuant to Section 5.1(b) above plus (y) the aggregate EPS Loss Amounts with respect to Purchased Receivables (other than Aged Receivables repurchased under clause (i)(x) of the second paragraph of Section 5.1(b)) included in such Batch which become EPS Receivables during the most recently ended Collection Period (such aggregate amount is referred to herein as the “Immediate Write-Off Amount” for such Settlement Date) shall be allocated between the Funding Seller and the Purchaser as follows:”
(h)    Section 5.3(c) is hereby amended by amendment of the first paragraph as follows:
“On each Settlement Date until and including the Final Termination Date, after giving effect to Section 5.3(b) above, for each Batch, an amount equal to the sum of (x) the portion of the Allocated Write-Off Amount for such Settlement Date that is attributable to Aged Receivables that have been repurchased by the Funding Seller pursuant to Section 5.1(b) above plus (y) the aggregate EPS Loss Amounts with respect to Aged Receivables included in such Batch that were repurchased under clause (i)(x) of the second paragraph of Section 5.1(b) which become 

5

EPS Receivables during the most recently ended Collection Period (such aggregate amount is referred to herein as the “Aged Receivables Write-Off Amount” for such Settlement Date) shall be allocated between the Funding Seller and the Purchaser as follows:”
(i)    Annex 3 is hereby amended by amending Section (v) so that the reference to “ABCL Credit Classes” is replaced by “ABCLOW Credit Classes”.
(j)    Annex 3 is hereby amended by adding the following to Section (dd):
	
				
	 
	State
	Maximum Percentage
	 

	 
	AK
	0.50%
	 

	 
	MT
	0.50%
	 

	 
	NE
	0.50%
	 

(k)    Annex 7 is hereby amended by amendment of the second bullet point under “Procedures” as follows:
		
	•
	“Review whether EPS Receivables are being properly identified and whether the related EPS Loss Amounts and repurchase prices for such Receivables under Sections 5.1(a) and 5.1(b) and the limitation in Section 3.2(b) of the Master Receivables Purchase Agreement are being properly calculated.”

(l)    Annex 11 is hereby amended in its entirety as set forth in Annex 11 hereto.
ARTICLE 3
EFFECTIVENESS; RATIFICATION
Section 3.01    Effectiveness. This Amendment shall become effective up delivery of executed counterparts to the Co-Agents and delivery of a true-sale opinion, in form and substance reasonably satisfactory to the Co-Agents, and this Amendment thereafter shall be binding on the parties hereto and their respective successors and assigns, as of April 30, 2017.
Section 3.02    Incorporation; Ratification.
(a)On and after the execution and delivery hereof, this Amendment shall be a part of the Agreement and each reference in the Agreement to “this Agreement” or “hereof”, “hereunder” or words of like import, and each reference in any other Related Document to the Agreement shall mean and be a reference to such Agreement as previously amended, and as amended, modified and consented to hereby.
(b)Except as expressly provided herein, the Agreement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

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(c)After giving effect to this Amendment, the Performance Guaranty previously executed and delivered by the Performance Guarantor is and shall continue to be in full force and effect.
ARTICLE 4

MISCELLANEOUS
Section 4.01    Representations and Warranties.
(a)The Funding Seller hereby represents and warrants to the Purchaser and the Bank Purchasers that its representations and warranties set forth in Section 6.1 of the Agreement are true and correct in all material respects as of the date hereof.
(b)The Servicer hereby represents and warrants to the Purchaser and the Bank Purchasers that its representations and warranties set forth in Section 3.12 of the Agreement are true and correct in all material respects as of the date hereof.
(c)The Performance Guarantor hereby represents and warrants to the Purchaser and the Bank Purchasers that its representations and warranties set forth in Section 6.2 of the Agreement are true and correct in all material respects as of the date hereof.
Section 4.02    No Other Amendments; Status of Agreement and Related Documents. The amendments set forth herein are limited as specified and shall not be construed as an amendment to any other term or provision of the Agreement.
Section 4.03    Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES, EXCEPT TO THE EXTENT THAT THE PERFECTION OF THE RESPECTIVE INTERESTS OF THE CO-AGENTS, THE PURCHASER AND THE BANK PURCHASERS IN THE PURCHASED RECEIVABLES AND THE RELATED RIGHTS ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK.
Section 4.04    Counterparts. This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Amendment by signing such counterpart.
[Signatures on following page]

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IN WITNESS WHEREOF, each of the parties hereto have caused a counterpart of this Amendment to be duly executed as of the date first above written.

	
		
	 
	T-MOBILE AIRTIME FUNDING LLC
as Funding Seller

	 
	 

	 
	 

	 
	By: /s/ Dirk Wehrse                                              

	 
	Name: Dirk Wehrse
Title: Senior Vice President, Treasury & 
Treasurer

	
		
	 
	BILLING GATE ONE LLC
as Purchaser

	 
	 

	 
	 

	 
	By: /s/ Sandra Battaglia                                       

	 
	Name: Sandra Battaglia
Title: Vice President

8

	
		
	 
	LANDESBANK HESSEN-THÜRINGEN
GIROZENTRALE, 
as Bank Purchasing Agent

	 
	 

	 
	 

	 
	By: /s/ Björn Reinecke                                        

	 
	Name: Björn Reinecke
Title: Assistant Vice President

	 
	 

	 
	 

	 
	By: /s/ Bjoern Mollner                                        

	 
	Name: Bjoern Mollner
Title: VP

9

	
		
	 
	THE BANK OF TOKYO-MITSUBISHI UFJ,
LTD., DÜSSELDORF BRANCH, 
as Bank Collections Agent

	 
	 

	 
	 

	 
	By: /s/ Ed Langendam                                         

	 
	Name: Ed Langendam
Title: Managing Director

	 
	 

	 
	 

	 
	By: /s/ Stephan Stamm                                        

	 
	Name: Stephan Stamm
Title: Managing Director

10

	
		
	 
	AUTOBAHN FUNDING COMPANY LLC, 
as the Conduit Purchaser and as a Bank Purchaser

	 
	 

	 
	 

	 
	By: /s/ Alexander Ploch                                         

	 
	Name: Alexander Ploch
Title: Vice President

	 
	 

	 
	 

	 
	By: /s/ Christian Haesslein                                    

	 
	Name: Christian Haesslein
Title: Director

	
		
	 
	DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK, FRANKFURT AM 
MAIN, NEW YORK BRANCH, 
as the Conduit Agent

	 
	 

	 
	 

	 
	By: /s/ Alexander Ploch

	 
	Name: Alexander Ploch
Title: Vice President

	 
	 

	 
	 

	 
	By: /s/ Christian Haesslein

	 
	Name: Christian Haesslein
Title: Director

11

	
		
	 
	T-MOBILE PCS HOLDINGS LLC, 
as Servicer

	 
	 

	 
	 

	 
	By: /s/ Dirk Wehrse                                               

	 
	Name: Dirk Wehrse
Title: Senior Vice President, Treasury & 
Treasurer

	 
	 

	 
	 

	 
	T-MOBILE US, INC., 
as Performance Guarantor

	 
	 

	 
	 

	 
	By: /s/ Dirk Wehrse                                               

	 
	Name: Dirk Wehrse
Title: Senior Vice President, Treasury & 
Treasurer

	
		
	ACKNOWLEDGED AND AGREED:
	 

	 
	 

	KfW IPEX-BANK GESELLSCHAFT MIT BESCHRAENKTER HAFTUNG

	 
	 

	 
	 

	By: /s/ Sebastian Eberle                                     
	 

	Name: Sebastian Eberle
Title: Director
	 

	 
	 

	 
	 

	By: /s/ Franziska Wörner
	 

	Name: Franziska Wörner
Title: Associate
	 

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ANNEX 11
 
LEVEL 4 RESERVE PERCENTAGES ON PRIOR SETTLEMENT DATES

	
							
	Period
	End of Collection Period
	Settlement Date
	Level 4 Reserve Percentage
in current month (t=0)
	Applied rate for t=1 through t=3

	0
	25-Feb-14
	03-Mar-14
	5.14%
	 
	 
	 

	1
	31-Mar-14
	14-Apr-14
	5.14%
	5.14%
	 
	 

	2
	30-Apr-14
	12-May-14
	5.14%
	5.14%
	5.14%
	 

	3
	31-May-14
	12-Jun-14
	5.14%
	5.14%
	5.14%
	5.14%

	4
	30-Jun-14
	14-Jul-14
	5.83%
	5.14%
	5.14%
	5.14%

	5
	31-Jul-14
	12-Aug-14
	5.83%
	5.83%
	5.14%
	5.14%

	6
	31-Aug-14
	12-Sep-14
	5.83%
	5.83%
	5.83%
	5.14%

	7
	30-Sep-14
	14-Oct-14
	4.90%
	4.55%
	4.55%
	4.55%

	8
	31-Oct-14
	12-Nov-14
	4.90%
	4.90%
	4.55%
	4.55%

	9
	30-Nov-14
	12-Dec-14
	4.24%
	4.24%
	4.24%
	3.89%

	10
	31-Dec-14
	12-Jan-15
	4.24%
	4.24%
	4.24%
	4.24%

	11
	31-Jan-15
	12-Feb-15
	4.24%
	4.24%
	4.24%
	4.24%

	12
	28-Feb-15
	12-Mar-15
	4.24%
	4.24%
	4.24%
	4.24%

	13
	31-Mar-15
	13-Apr-15
	4.24%
	4.24%
	4.24%
	4.24%

	14
	30-Apr-15
	12-May-15
	4.24%
	4.24%
	4.24%
	4.24%

	15
	31-May-15
	12-Jun-15
	4.39%
	4.24%
	4.24%
	4.24%

	16
	30-Jun-15
	13-Jul-15
	4.39%
	4.39%
	4.24%
	4.24%

	17
	31-Jul-15
	12-Aug-15
	4.39%
	4.39%
	4.39%
	4.24%

	18
	31-Aug-15
	14-Sep-15
	4.99%
	4.39%
	4.39%
	4.39%

	19
	30-Sep-15
	13-Oct-15
	4.99%
	4.99%
	4.39%
	4.39%

	20
	31-Oct-15
	12-Nov-15
	3.75%
	3.75%
	3.75%
	3.75%

	21
	30-Nov-15
	14-Dec-15
	3.75%
	3.75%
	3.75%
	3.75%

	22
	31-Dec-15
	12-Jan-16
	3.75%
	3.75%
	3.75%
	3.75%

	23
	31-Jan-16
	12-Feb-16
	2.91%
	3.75%
	3.75%
	3.75%

	24
	29-Feb-16
	14-Mar-16
	2.91%
	2.91%
	3.75%
	3.75%

	25
	31-Mar-16
	12-Apr-16
	2.91%
	2.91%
	2.91%
	3.75%

	26
	30-Apr-16
	12-May-16
	2.91%
	2.91%
	2.91%
	2.91%

	27
	31-May-16
	13-Jun-16
	2.91%
	2.91%
	2.91%
	2.91%

	28
	30-Jun-16
	12-Jul-16
	2.91%
	2.91%
	2.91%
	2.91%

	29
	31-Jul-16
	12-Aug-16
	2.91%
	2.91%
	2.91%
	2.91%

	30
	31-Aug-16
	12-Sep-16
	2.91%
	2.91%
	2.91%
	2.91%

	31
	30-Sep-16
	12-Oct-16
	3.16%
	2.91%
	2.91%
	2.91%

	32
	31-Oct-16
	12-Nov-16
	3.16%
	3.16%
	2.91%
	2.91%

	33
	30-Nov-16
	12-Dec-16
	3.43%
	3.16%
	3.16%
	2.91%

	34
	31-Dec-16
	12-Jan-17
	3.43%
	3.43%
	3.16%
	3.16%

	35
	31-Jan-17
	13-Feb-17
	3.43%
	3.43%
	3.43%
	3.16%

	36
	28-Feb-17
	13-Mar-17
	3.43%
	3.43%
	3.43%
	3.43%

13

	
							
	37
	31-Mar-17
	12-Apr-17
	3.18%
	3.43%
	3.43%
	3.43%

	38
	30-Apr-17
	12-May-17
	3.18%
	3.18%
	3.43%
	3.43%

	39
	31-May-17
	12-Jun-17
	3.14%
	3.18%
	3.18%
	3.43%

	40
	30-Jun-17
	12-Jul-17
	3.14%
	3.14%
	3.18%
	3.18%

	41
	31-Jul-17
	14-Aug-17
	3.14%
	3.14%
	3.14%
	3.18%

14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00272-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00272-of-00352.parquet"}]]