Document:

exv10w4w6

 

EXHIBIT
10.4.6

Cricket Communications, Inc.

10307 Pacific Center Court

San Diego, CA 92121

March 5, 2007

To the Parties Signatory Hereto

Ladies and Gentlemen:

Reference is made to that certain Credit Agreement by and among Cricket Communications, Inc.,
(“Cricket”) as lender, Alaska Native Broadband 1 License, LLC, (“ANB 1 License”) as
borrower, and Alaska Native Broadband 1, LLC, (“ANB 1”) as guarantor, dated as of December
22, 2004 (as amended by Amendments Nos. 1, 2, 3, 4, and 5, the “ANB Credit Agreement”).

Reference is also made to: (i) the ANB Negative Pledge Agreement, undated, between ANB and Cricket,
as amended; (ii) the Guarantor Pledge Agreement, dated as of December 22, 2004, between ANB 1 and
Cricket, as amended; (iii) the Guaranty, dated as of January 9, 2006, between ANB 1 License and
ANB; (iv) the Promissory Note dated December 22, 2004 between Cricket and ANB 1 License; and (v)
the Security Agreement, dated as of December 22, 2004, between Cricket, ANB 1 License and ANB 1, as
amended ((i) through (v) together with the ANB Credit Agreement, the “ANB Credit
Documents”).

Each of the parties hereto hereby agrees that each of the ANB Credit Documents is hereby terminated
in full without further obligations of the parties thereunder.

Please indicate your agreement to the terms of this letter agreement by causing this letter
agreement to be signed by an authorized person in the space designated below and delivering a
signed copy to the undersigned. This letter agreement may be executed in any number of
counterparts, each of which when so executed shall be deemed to be an original and all of which
when taken together shall constitute one and the same agreement.

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Sincerely,
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	CRICKET COMMUNICATIONS, INC.
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Robert J. Irving, Jr.	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Robert J. Irving, Jr.	 	 	 	 
	 

	 	 	 	Title:
	 	Senior Vice President	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	ACKNOWLEDGED AND AGREED TO:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	ALASKA NATIVE BROADBAND 1, LLC	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	Cricket Communications, Inc.	 	 	 	 	 	 	 	 
	 

	 	Its sole member	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Robert J. Irving., Jr.	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Name:

	 	Robert J. Irving, Jr.	 	 	 	 	 	 	 	 
	Title:

	 	Senior Vice President	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	ALASKA NATIVE BROADBAND 1 LICENSE, LLC	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	Alaska Native Broadband 1, LLC	 	 	 	 	 	 	 	 
	 

	 	Its sole member	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	Cricket Communications, Inc.	 	 	 	 	 	 	 	 
	 

	 	Its sole member	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Robert J. Irving, Jr.	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Name:

	 	Robert J. Irving, Jr.	 	 	 	 	 	 	 	 
	Title:

	 	Senior Vice President	 	 	 	 	 	 	 	 

[SIGNATURE
PAGE TO TERMINATION OF CREDIT DOCUMENTS LETTER]exv10w5w2

 

EXHIBIT
10.5.2

      

AMENDMENT NO. 2

to

CREDIT AGREEMENT

BY AND AMONG

CRICKET COMMUNICATIONS, INC

(AS LENDER)

AND

DENALI SPECTRUM LICENSE, LLC

(AS BORROWER)

AND

DENALI SPECTRUM, LLC

DENALI SPECTRUM OPERATIONS, LLC

DENALI SPECTRUM LICENSE SUB, LLC

(AS GUARANTORS)

Dated as of April 16, 2007

      

 

 

AMENDMENT NO. 2 TO CREDIT AGREEMENT

     AMENDMENT NO. 2 TO CREDIT AGREEMENT, dated as of April 16, 2007, between CRICKET
COMMUNICATIONS, INC., a Delaware corporation (“Cricket”) (as Lender), DENALI SPECTRUM LICENSE, LLC,
a Delaware limited liability company (the “License Company”) (as Borrower), DENALI SPECTRUM, LLC, a
Delaware limited liability company (“Denali Spectrum”), DENALI SPECTRUM OPERATIONS, LLC, a Delaware
limited liability company (“Operations Sub”) and DENALI SPECTRUM LICENSE SUB, LLC, a Delaware
limited liability company (“License Sub”) (each of Denali Spectrum, Operations Sub and License Sub,
a “Guarantor” and collectively, the “Guarantors”).

RECITALS

     WHEREAS, Cricket, the License Company and Denali Spectrum entered into that certain Credit
Agreement by and among Cricket Communications, Inc., Denali Spectrum License, LLC and Denali
Spectrum, LLC, dated as of July 13, 2006 and as amended by Amendment No. 1 to Credit Agreement,
dated as of September 28, 2006 (collectively, the “Credit Agreement”);

     WHEREAS, Operations Sub and License Sub each entered into a Borrower Subsidiary Guaranty with
Cricket, dated as of November 20, 2006, thereby becoming a guarantor of the License Company’s
obligations under the Credit Agreement; and

     WHEREAS, Cricket, the License Company, Denali Spectrum, Operations Sub and License Sub desire
to further amend the Credit Agreement as set forth herein.

AGREEMENT

     NOW THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto
agree as follows:

     Section 1. The following definition of “Amortization Commencement Date” shall be
added to Section 1.1. of the Credit Agreement in its proper alphabetical order:

     “’Amortization Commencement Date’ shall mean the tenth anniversary of the last Initial Grant
Date (as defined in the LLC Agreement); provided, however, that if DSM makes a Sale
Offer in accordance with the terms of the LLC Agreement prior to such date and Cricket accepts such
offer, then the Amortization Commencement Date shall be extended to the first Business Day
following the date on which Cricket has paid in full the Offer Price (as defined in the LLC
Agreement) to the DSM Members (as provided by Section 8.5 of the LLC Agreement).”

     Section 2. The definition of “Commitment Period” contained in Section 1.1. of the
Credit Agreement shall be deleted in its entirety and replaced with the following:

     “’Commitment Period’ shall mean the period commencing on the Effective Date and expiring on
the earliest to occur of (a) the Maturity Date, (b) the date that the LLC Agreement is terminated
by either party pursuant to Section 13.1(b) of the LLC Agreement, (c) the date on which the
Management Agreement has been terminated (following the expiration of the applicable notice period)
by Lender pursuant to Section 10.2(b) thereof (other than Section 10.2(b)(iv)), or (d) the
Mandatory Prepayment Date.”

     Section 3. The following definition of “Final Principal Amount” shall be added to
Section 1.1. of the Credit Agreement in its proper alphabetical order:

     “’Final Principal Amount’ shall have the meaning set forth in Section 2.3(c).”

1

 

     Section 4. The definition of “Maturity Date” contained in Section 1.1. of the Credit
Agreement shall be deleted in its entirety and replaced with the following:

     “’Maturity Date’ shall mean the fourteenth anniversary of the last Initial Grant Date (as
defined in the LLC Agreement).”

     Section 5. Sections 2.3(c), (d) and (e) of the Credit Agreement shall be deleted in
their entirety and replaced with the following:

     “c. Subject to Section 2.3(e), until the Amortization Commencement Date, all interest
accrued and unpaid on the aggregate outstanding principal balance of the Loans shall be added to
and become a part of the outstanding principal amount of the Loans on and as of the last day of
each calendar quarter and on and as of the day immediately prior to the Amortization
Commencement Date (such amount outstanding on the day immediately prior to the Amortization
Commencement Date, the “Final Principal Amount”). Notwithstanding anything foregoing to
the contrary, any and all interest that is added to the principal balance of the Loans (i) shall
not count against the Loan Commitment Amount, (ii) shall not be deemed made to Borrower for
purposes of determining whether Loans made to Borrower exceed the Loan Commitment Amount, the
Build-Out Sub-Limit or the Acquisition Sub-Limit and (iii) shall no longer be deemed “unpaid” at
the time so added.

     d. On the tenth (10th) calendar day following the Amortization Commencement Date
and on each quarterly anniversary of such tenth calendar day, Borrower shall pay principal
installments equal to one-sixteenth (1/16) of the Final Principal Amount together with interest
installments equal to the amount of the unpaid interest accrued on the outstanding Final Principal
Amount until the Maturity Date, at which time the entire remaining balance of principal and accrued
interest together with all other amounts due and owing under the Loan Documents to the extent not
paid shall be due and payable.

     e. On and after the making of any Loan hereunder, within 30 days following the last Business
Day of each quarter in Borrower’s fiscal year, any and all Excess Cash of Guarantor, Borrower and
the Borrower Subsidiaries shall be paid to Lender and shall be credited in accordance with
Section 2.2(d).”

     Section 6. Section 6.8(a) of the Credit Agreement shall be amended by inserting the
language “; provided, however, that notwithstanding the foregoing, the financial
statements for the fiscal year ended December 31, 2006 furnished or caused to furnished by Borrower
need not be audited and Borrower shall be deemed to have satisfied its obligations under this
Section 6.8(a) upon furnishing or causing to be furnished unaudited versions of such financial
statements to Lender” at the end of the sentence:

     Section 7. Section 6.16(a) of the Credit Agreement shall be amended by (1) inserting
the phrase “solely from Excess Cash” immediately after the parenthetical “(and Guarantor to its
Members)” in clause (iv) thereof, (2) deleting the notation “(x)” from clause (iv) thereof, and (3)
deleting the words “and (y) the Consolidated Leverage Ratio would be less than or equal to
2.00:1.00” from the end of clause (iv) thereof.

     Section 8. Section 6.16(b) of the Credit Agreement shall be amended by deleting the
words “terms” and “meanings” from the introduction thereto and replacing them with the words “term”
and “meaning”, by deleting paragraphs (i) and (ii) thereof and renumbering paragraph (iii) thereof
as paragraph (i).

     Section 9. Except as expressly amended hereby, the Credit Agreement remains in full
force and effect in accordance with its terms.

[Signatures Pages Follow]

2

 

     IN WITNESS WHEREOF, the parties hereto have signed this Amendment No. 2 to Credit Agreement,
or have caused it to be signed in their respective names by an officer, hereunto duly authorized,
on the date first written above.

	 	 	 	 	 	 	 	 	 	 	 
	CRICKET COMMUNICATIONS, INC.,

as Lender	 	DENALI SPECTRUM LICENSE, LLC,

as Borrower
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Robert J. Irving, Jr.
	 	By
	 	Denali Spectrum, LLC	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Name:

	 	Robert J. Irving, Jr.
	 	 	 	Its sole member	 	 	 	 
	Title:

	 	Senior Vice President	 	 	 	 	 	 	 	 
	 

	 	 	 	By
	 	Denali Spectrum Manager, LLC	 	 	 	 
	 

	 	 	 	 	 	Its Manager	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By
	 	Doyon, Limited,

Its Manager	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Daniel S. Osborn	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Daniel S. Osborn	 	 	 	 
	 

	 	 	 	Title:
	 	Assistant Treasurer	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	DENALI SPECTRUM, LLC,
as Guarantor
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By
	 	Denali Spectrum Manager, LLC

Its Manager	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By
	 	Doyon, Limited,

Its Manager	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Daniel S. Osborn	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Daniel S. Osborn	 	 	 	 
	 

	 	 	 	Title:
	 	Assistant Treasurer	 	 	 	 

3

 

     IN WITNESS WHEREOF, the parties hereto have signed this Amendment No. 2 to Credit
Agreement, or have caused it to be signed in their respective names by an officer, hereunto duly
authorized, on the date first written above.

	 	 	 	 	 	 	 	 	 	 	 
	DENALI SPECTRUM OPERATIONS, LLC,

as Guarantor	 	DENALI SPECTRUM LICENSE SUB, LLC,

as Guarantor
	 
	 	 	 	 	 	 	 	 	 	 
	By

	 	Denali Spectrum License, LLC,

Its sole member
	 	By
	 	Denali Spectrum License, LLC,

Its sole member	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By

	 	Denali Spectrum, LLC,

Its sole member
	 	By
	 	Denali Spectrum, LLC,

Its sole member	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By

	 	Denali Spectrum Manager, LLC,

Its Manager
	 	By
	 	Denali Spectrum Manager, LLC,

Its Manager	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By

	 	Doyon, Limited,

Its Manager
	 	By
	 	Doyon, Limited,

Its Manager	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Daniel S. Osborn
	 	By:
	 	/s/ Daniel S. Osborn	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Name:

	 	Daniel S. Osborn
	 	Name:
	 	Daniel S. Osborn	 	 	 	 
	Title:

	 	Assistant Treasurer
	 	Title:
	 	 Assistant Treasurer	 	 	 	 

4

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