Document:

EX-4.2

 Exhibit 4.2 

Execution Version 
  

 
 SPRINT SPECTRUM CO LLC, 

SPRINT SPECTRUM CO II LLC, 
 SPRINT
SPECTRUM CO III LLC, 
 as Issuers, 

and 
 DEUTSCHE BANK TRUST COMPANY
AMERICAS, 
 as Trustee and Securities Intermediary 
  

 

SERIES 2016-1 SUPPLEMENT 

Dated as of October 27, 2016 

to 
 BASE INDENTURE 

Dated as of October 27, 2016 
  

 
 $3,500,000,000 Series 2016-1
3.360% Senior Secured Notes, Class A-1 
  
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 PRELIMINARY STATEMENT
	  	 	1	  
		
	 DESIGNATION
	  	 	1	  
		
	 ARTICLE I DEFINITIONS
	  	 	1	  
		
	 ARTICLE II [Reserved]
	  	 	1	  
		
	 ARTICLE III SERIES 2016-1 ALLOCATIONS; PAYMENTS
	  	 	2	  
			
	 Section 3.1
	 	 Allocations with Respect to the Series 2016-1 Class A Notes
	  	 	2	  
	 Section 3.2
	 	 Quarterly Allocation Date Applications; Quarterly Payment Date Applications
	  	 	2	  
	 Section 3.3
	 	 Allocations Among Series 2016-1 Class A Notes
	  	 	2	  
	 Section 3.4
	 	 [Intentionally Omitted]
	  	 	2	  
	 Section 3.5
	 	 Series 2016-1 Class A Interest
	  	 	2	  
	 Section 3.6
	 	 Payment of Series 2016-1 Note Principal
	  	 	3	  
	 Section 3.7
	 	 Manager
	  	 	8	  
	 Section 3.8
	 	 Change of Control
	  	 	8	  
		
	 ARTICLE IV FORM OF SERIES 2016-1 CLASS A NOTES
	  	 	10	  
			
	 Section 4.1
	 	 Issuance of Series 2016-1 Class A Notes
	  	 	10	  
	 Section 4.2
	 	 Transfer Restrictions of Series 2016-1 Class A Notes
	  	 	11	  
	 Section 4.3
	 	 Section 3(c)(7) Procedures
	  	 	17	  
	 Section 4.4
	 	 Note Owner Representations and Warranties
	  	 	19	  
	 Section 4.5
	 	 Limitation on Liability
	  	 	21	  
		
	 ARTICLE V GENERAL
	  	 	21	  
			
	 Section 5.1
	 	 [Reserved]
	  	 	21	  
	 Section 5.2
	 	 Exhibits
	  	 	21	  
	 Section 5.3
	 	 Ratification of Base Indenture
	  	 	21	  
	 Section 5.4
	 	 Certain Notices to the Rating Agencies
	  	 	21	  
	 Section 5.5
	 	 Prior Notice by Trustee to the Controlling Class Representative and Control Party
	  	 	21	  
	 Section 5.6
	 	 Counterparts
	  	 	21	  
	 Section 5.7
	 	 Governing Law
	  	 	21	  
	 Section 5.8
	 	 Amendments
	  	 	21	  
	 Section 5.9
	 	 Termination of Series Supplement
	  	 	21	  
	 Section 5.10
	 	 Entire Agreement
	  	 	22	  

  
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	ANNEXES
		
	 Annex A
	  	 Series 2016-1 Supplemental Definitions List

	
	EXHIBITS
		
	 Exhibit A-1:
	  	 Form of Rule 144A Global Series 2016-1 Class A-1 Note

	 Exhibit A-2:
	  	 Form of Temporary Regulation S Global Series 2016-1 Class A-1 Note

	 Exhibit A-3:
	  	 Form of Permanent Regulation S Global Series 2016-1 Class A-1 Note

	 Exhibit B-1:
	  	 Form of Transfer Certificate

	 Exhibit B-2:
	  	 Form of Transfer Certificate

	 Exhibit B-3:
	  	 Form of Transfer Certificate

	 Exhibit C:
	  	 Important Section 3(c)(7) Notice

  
 ii 

 SERIES 2016-1 SUPPLEMENT, dated as of October 27, 2016 (this
“Series Supplement”), by and among SPRINT SPECTRUM CO LLC (the “Master Issuer”), SPRINT SPECTRUM CO II LLC (“Co-Issuer II”), SPRINT SPECTRUM CO III LLC (“Co-Issuer III” and,
together with Co-Issuer II and the Master Issuer, the “Issuers”), each a Delaware limited liability company and DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as trustee (in such capacity, the
“Trustee”) and as the securities intermediary (in such capacity the “Securities Intermediary”), to the Base Indenture, dated as of the date hereof, by and between the Issuers and DEUTSCHE BANK TRUST COMPANY
AMERICAS, as Trustee and Securities Intermediary (as amended, modified or supplemented from time to time, exclusive of Series Supplements, the “Base Indenture”). 

PRELIMINARY STATEMENT 

WHEREAS, Sections 2.2 and 13.1 of the Base Indenture provide, among other things, that the Issuers and the Trustee
may at any time and from time to time enter into a Series Supplement to the Base Indenture for the purpose of authorizing the issuance of one or more Series of Notes upon satisfaction of the conditions set forth therein; and 

WHEREAS, all such conditions have been met for the issuance of the Series of Notes authorized hereunder. 

NOW, THEREFORE, the parties hereto agree as follows: 

DESIGNATION 

There is hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Series Supplement, and such
Series of Notes shall be designated as Series 2016-1 Class A Notes (as referred to herein, the “Series 2016-1 Class A Notes”). The Series 2016-1 Class A Notes shall be issued in a single subclass (a
“Tranche”) of Series 2016-1 3.360% Senior Secured Notes, Class A-1 (as referred to herein, the “Series 2016-1 Class A-1 Notes”). For purposes of the Indenture, the Series 2016-1
Class A Notes shall be deemed to be “Class A Notes.” 
 ARTICLE I 

DEFINITIONS 

All capitalized terms used herein shall have the meanings assigned to such terms in the Series 2016-1 Supplemental
Definitions List attached hereto as Annex A (the “Series 2016-1 Supplemental Definitions List”) as such Series 2016-1 Supplemental Definitions List may be amended, supplemented or otherwise modified from time
to time in accordance with the terms hereof, or if not otherwise defined therein shall have the meanings assigned thereto in the Base Indenture Definitions List attached to the Base Indenture as Annex A thereto, as such Base Indenture
Definitions List may be amended, supplemented or otherwise modified from time to time in accordance with the terms of the Base Indenture. Unless otherwise specified herein, all Article, Exhibit, Section or Subsection references herein shall refer to
Articles, Exhibits, Sections or Subsections of the Base Indenture or this Series Supplement (as indicated herein). Unless otherwise stated herein, as the context otherwise requires or if such term is otherwise defined in the Base Indenture, each
capitalized term used or defined herein shall relate only to the Series 2016-1 Class A Notes and not to any other Series of Notes issued by the Issuers. 

ARTICLE II 
 [Reserved]

 ARTICLE III 

SERIES 2016-1 ALLOCATIONS; PAYMENTS 

With respect to the Series 2016-1 Class A Notes only, the following shall apply: 

Section 3.1 Allocations with Respect to the Series 2016-1 Class A Notes. On the Series 2016-1 Closing Date, $176,400,000 of the net proceeds from the initial sale of the Series 2016-1 Class A Notes will be deposited into the Class A Notes Interest Reserve Account, $49,971,659 of
the net proceeds from the initial sale of the Series 2016-1 Class A Notes will be deposited to the Required Expense Reserve Account and the remainder of the net proceeds from the sale of the Series 2016-1 Class A Notes will be
distributed or otherwise transferred to, or at the direction of, the Issuers. 
 Section 3.2 Quarterly Allocation
Date Applications; Quarterly Payment Date Applications. On each Quarterly Allocation Date, the Issuers (or the Manager on their behalf) shall instruct the Trustee in writing to allocate from the Collection Account all amounts relating to the
Series 2016-1 Class A Notes pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. On each Quarterly Payment Date, the Trustee shall, based solely on the information
contained in the most recent Quarterly Manager’s Certificate received by the Trustee on the Quarterly Allocation Date relating to such Quarterly Payment Date, withdraw the amounts on deposit in the Collection Account on such Quarterly Payment
Date allocable to the Series 2016-1 Class A Noteholders in accordance with the Priority of Payments and remit such amounts to the Series 2016-1 Class A Noteholders pursuant to Section 5.9 of the Base Indenture for the payment of
interest and, to the extent applicable, principal and Class A Make-Whole Prepayment Premium on such Quarterly Payment Date. 

Section 3.3 Allocations Among Class A Notes. 

Notwithstanding anything to the contrary herein or in the Base Indenture, if an additional Tranche of Class A Notes is
issued pursuant to the Base Indenture, except as provided under Section 3.6(f), each payment in respect of the Class A Notes shall be distributed between the Tranches, including the Series 2016-1 Class A Notes, in accordance with
(A) such amounts due with respect to interest on, principal of, Class A Make-Whole Prepayment Premium or otherwise with respect to such Tranches as provided hereunder or (B) if not otherwise provided hereunder, the Tranche Percentage
of such payment amount applicable to each such Tranche; provided that, in each case, any shortfall in such payment amount shall be allocated based on the Tranche Percentage applicable to each such Tranche; provided, further,
that all distributions to Noteholders of a Tranche, including the Series 2016-1 Class A Notes, shall be ratably allocated among the Noteholders within each applicable Tranche based on their respective portion of the Class A Outstanding
Principal Amount of such Tranche. 
 Section 3.4 [Intentionally Omitted] 

Section 3.5 Series 2016-1 Class A Interest. 

(a) Series 2016-1 Class A Note Rate. From the Series 2016-1 Closing Date until the Series 2016-1
Class A Outstanding Principal Amount has been reduced to zero, the Series 2016-1 Class A Notes (after giving effect to all payments of principal made to Noteholders as of the first day of each Interest Accrual Period, or if such day
is not a Quarterly Payment Date, as of the following Quarterly Payment Date, and also giving effect to repurchases and cancellations of Series 2016-1 Class A Notes during such Interest Accrual Period) will accrue interest at the
Series 2016-1 Class A Note Rate. Such accrued interest will be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Quarterly Allocation Date in
accordance with 

  
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the Priority of Payments, amounts on deposit in the Collection Account and, if necessary, amounts on deposit in the Class A Notes Interest Reserve Account and amounts available under the
Interest Reserve Letters of Credit to fund the Class A Notes Accrued Quarterly Interest Shortfall and (ii) on such Quarterly Payment Date in accordance with Section 5.9 of the Base Indenture, commencing on December 20, 2016;
provided that in any event all accrued but unpaid interest shall be due and payable in full on the Series 2016-1 Legal Final Maturity Date, on any Series 2016-1 Prepayment Date with respect to a prepayment in full of the
Series 2016-1 Class A Notes or on any other day on which all of the Series 2016-1 Class A Outstanding Principal Amount is required to be paid in full. Failure to pay the full amount of Series 2016-1 Class A Notes Quarterly
Interest that is due and payable on any Quarterly Payment Date, which failure continues for five (5) Business Days after an Authorized Officer of the Manager has Actual Knowledge thereof will be an Event of Default, and to the extent any
interest accruing at the Series 2016-1 Class A Note Rate is not paid when due, such unpaid interest will accrue interest to the extent legally permissible at the Series 2016-1 Class A Note Rate plus 2.0% per annum (the
“Default Rate”). All computations of interest at the Series 2016-1 Class A Note Rate shall be made on the basis of a year of 360 days and twelve 30-day months. 

(b) Series 2016-1 Class A Initial Interest Accrual Period. The initial Interest Accrual Period for the
Series 2016-1 Class A Notes shall commence on (and include) the Series 2016-1 Closing Date and end on (and exclude) the Quarterly Payment Date in December 2016. 

Section 3.6 Payment of Series 2016-1 Note Principal. 

(a) Series 2016-1 Class A Notes Principal Payment at Legal Maturity. The Series 2016-1 Class A
Outstanding Principal Amount shall be due and payable on the Series 2016-1 Legal Final Maturity Date. The Series 2016-1 Class A Outstanding Principal Amount is not prepayable, in whole or in part, except as set forth in this
Section 3.6. 
 (b) Series 2016-1 Anticipated Repayment. The “Series 2016-1 Anticipated
Repayment Date” means, with respect to the Series 2016-1 Class A-1 Notes, the Quarterly Payment Date occurring in September 2021 (the “Series 2016-1 Class A-1 Anticipated Repayment Date”). The failure to pay
or refinance the Outstanding Principal Amount of the Series 2016-1 Class A-1 Notes in full by the Series 2016-1 Anticipated Repayment Date will not be an Event of Default but will be a Rapid Amortization Event. 

(c) Payment of Class A Notes Accrued Quarterly Scheduled Principal Amount, Quarterly Scheduled Principal Amounts and
Quarterly Scheduled Principal Deficiency Amounts. 
 (i) Class A Notes Accrued Quarterly Scheduled Principal
Amounts will be allocated in accordance with Section 5.8 of the Base Indenture on each Quarterly Allocation Date in accordance with the Priority of Payments, in the amount so available, and failure to pay any Class A Notes Accrued
Quarterly Scheduled Principal Amounts in excess of available amounts in accordance with the foregoing will not be an Event of Default. 

(ii) Quarterly Scheduled Principal Amounts will be due and payable on each Quarterly Payment Date in accordance with
Section 5.9 of the Base Indenture, in the amount so available, and failure to pay any Quarterly Scheduled Principal Amounts in excess of available amounts in accordance with the foregoing will not be an Event of Default. 

(iii) If on any Quarterly Payment Date, the amount of funds on deposit in the Collection Account that is available to pay the
Quarterly Scheduled Principal Amount with respect to the Series 2016-1 Class A-1 Notes on such Quarterly Payment Date is less than the sum of (a) the Quarterly 

  
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Scheduled Principal Amount due and payable, if any, on the related Quarterly Payment Date and (b) the Quarterly Scheduled Principal Deficiency Amount, if any, then on each subsequent
Quarterly Payment Date, 100% of funds available pursuant to clause (ix) of the Priority of Payments will be paid to the Class A Noteholders until the Class A Notes Accrued Quarterly Scheduled Principal Amount and the Quarterly
Scheduled Principal Deficiency Amount due and payable has been paid in full. Failure to pay any Quarterly Scheduled Principal Deficiency Amounts in excess of available amounts in accordance with the foregoing will not be an Event of Default. 

(d) Series 2016-1 Class A Notes Mandatory Payments of Principal. 

During any Rapid Amortization Period, principal payments shall be due and payable on each Quarterly Payment Date on the Series
2016-1 Class A Notes as and when amounts are made available for payment thereof (i) on any related Quarterly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with
Section 5.9 of the Base Indenture, in the amount so available, together with any Class A Make-Whole Prepayment Premium required to be paid in connection therewith pursuant to Section 3.6(e) of this Series Supplement; provided,
for avoidance of doubt, that it shall not constitute an Event of Default if any such Class A Make-Whole Prepayment Premium is not paid because insufficient funds are available to pay such Class A Make-Whole Prepayment Premium in accordance
with the Priority of Payments. Such payments shall be ratably allocated among the Series 2016-1 Class A Noteholders, based on their respective portion of the Series 2016-1 Class A Outstanding Principal Amount. 

(e) Class A Make-Whole Prepayment Premium. 

In connection with any mandatory prepayment of any Series 2016-1 Class A-1 Notes made during a Rapid Amortization
Period pursuant to Section 3.6(d), or in connection with any optional prepayment of any Series 2016-1 Class A Notes made pursuant to Section 3.6(f), or any other payment or prepayment of principal whatsoever (including pursuant
to an Event of Default, mandatory or optional prepayment or any Rapid Amortization Event) (each, a “Series 2016-1 Class A Prepayment”), in each case prior to the Quarterly Payment Date in September 2020, (such date, a
“Class A-1 Make-Whole End Date”), the Issuers shall pay, in the manner described herein and in accordance with the Priority of Payments, the Class A Make-Whole Prepayment Premium to the Series 2016-1 Class A
Noteholders; provided that no such Class A Make-Whole Prepayment Premium shall be payable, in connection with (i) Quarterly Scheduled Principal Amounts on the date originally scheduled therefor on the Closing Date (regardless of
whether the Class A Notes are otherwise subject to a mandatory prepayment on such date, but only in respect of the amount of such payment that is equal to the Quarterly Scheduled Principal Amount due on such date) and (ii) payments in
connection with a Change of Control Offer. For the avoidance of doubt, no Class A Make-Whole Prepayment Premium will be payable after the Class A-1 Make-Whole End Date. 

The “Class A Make-Whole Prepayment Premium” means the amount calculated by the Manager on behalf of the
Issuers equal to the sum of the present value of the Remaining Scheduled Interest Payments discounted to the date of the relevant payment or prepayment of the Tranche of the Series 2016-1 Class A Notes being prepaid (the principal amount of the
Series 2016-1 Class A Notes subject to such payment or prepayment, the “Subject Principal Amount”), on a quarterly basis, assuming a 360-day year consisting of twelve 30-day months, at the rate equal to the sum of (x) with
respect to any Tranche of Class A Notes being prepaid, the yield to maturity (adjusted to a quarterly bond-equivalent basis) of the United States Treasury Security having a maturity closest to the period equal to the remaining Weighted Average
Life of such Tranche of Series 2016-1 Class A Notes as of the relevant date of prepayment (the “Treasury Rate”) plus (y) 50 basis points (determined as of the relevant Series 2016-1 Class A
Make-

  
 4 

 
Whole Premium Calculation Date). For the avoidance of doubt, Class A Make-Whole Prepayment Premium shall include amounts due in accordance with the first paragraph of this clause (e). 

“Remaining Scheduled Interest Payments” means, with respect to the Subject Principal Amount of the Series
2016-1 Class A Notes being prepaid, the remaining payments of the interest thereon that would be due but for the prepayment of such Subject Principal Amount from (and including) the date of such prepayment to (and excluding) the relevant
Class A Anticipated Repayment Date, assuming that the Subject Principal Amount of the Offered Notes being prepaid is applied to reduce the Class A Notes Quarterly Scheduled Principal Amounts with respect to the applicable prepaid Tranche
ratably for each remaining Quarterly Payment Date and accordingly, in determining the Remaining Scheduled Interest Payments (and resulting period over which interest payments are foregone) in respect of such Subject Principal Amount, such
calculation will take into account the prepayment of the Subject Principal Amount as allocated in this manner. 
 Failure to
pay any Class A Make-Whole Prepayment Premium on any Quarterly Payment Date (other than the Series 2016-1 Legal Final Maturity Date and any other date on which the Class A Notes must be paid in full) is not an Event of Default under the
Indenture. 
 If the Series 2016-1 Class A Notes are accelerated or otherwise become due prior to their Series Legal
Final Maturity Date, in each case, as a result of an Event of Default (including upon the occurrence of a bankruptcy or insolvency event (including the acceleration of claims by operation of law)), the amount of principal of, and premium on, the
Series 2016-1 Class A Notes that becomes due and payable shall equal 100% of the Outstanding Principal Amount on such date plus the Class A Make-Whole Prepayment Premium, determined on such date as if such Outstanding Principal Amount were
voluntarily prepaid as of such date, and shall constitute part of the Issuers’ Obligations under the Indenture and Obligations of the Guarantors under the Guarantee and Collateral Agreement. Any Class A Make-Whole Prepayment Premium
payable above shall be presumed to be the liquidated damages sustained by each Noteholder as the result of the early prepayment and the Issuers agree that it is reasonable under the circumstances currently existing. The Class A Make-Whole
Prepayment Premium shall also be payable in the event the Series 2016-1 Class A Notes (and/or the Indenture) are satisfied or released by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure or by any other means,
as if such satisfaction or release were an optional prepayment of the Series 2016-1 Class A Notes so satisfied or released. THE ISSUERS EXPRESSLY WAIVE (TO THE FULLEST EXTENT THEY MAY LAWFULLY DO SO) THE PROVISIONS OF ANY PRESENT OR FUTURE
STATUTE OR LAW THAT PROHIBITS OR MAY PROHIBIT THE COLLECTION OF THE FOREGOING PREMIUMS IN CONNECTION WITH ANY SUCH ACCELERATION. The Issuers expressly agree (to the fullest extent they may lawfully do so) that: (A) the Class A Make-Whole
Prepayment Premium is reasonable and is the product of an arm’s length transaction between sophisticated business people, ably represented by counsel; (B) the Class A Make-Whole Prepayment Premium shall be payable notwithstanding the
then prevailing market rates at the time payment is made; (C) there has been a course of conduct between Noteholders and the Issuers giving specific consideration in this transaction for such agreement to pay the prepayment premiums; and
(D) the Issuers shall be estopped hereafter from claiming differently than as agreed to in this paragraph. The Issuers expressly acknowledge that their agreement to pay the Class A Make-Whole Prepayment Premium to Noteholders as herein
described is a material inducement to Noteholders to purchase the Series 2016-1 Class A Notes. 
 (f) Optional
Prepayment of Series 2016-1 Class A Notes. 
 Subject to Section 3.6(e) and (g) of this Series
Supplement, the Issuers may optionally prepay the Outstanding Principal Amount of the Series 2016-1 Class A Notes (an “Optional Prepayment”) in whole on any Business Day or in part on any Quarterly Payment Date (each, an

  
 5 

 
“Optional Prepayment Date”), without any obligation to prepay the Notes of another Series or Tranche proportionately or otherwise, at a price equal to 100% of the aggregate
principal amount of the Class A Notes prepaid plus accrued and unpaid interest, if any, to the applicable prepayment date; provided that any such Optional Prepayment at any time before the applicable Class A Make-Whole End Date will
also include the Class A Make-Whole Prepayment Premium and that is specified as the Series 2016-1 Prepayment Date in the applicable Prepayment Notices; provided that the Issuers shall not make any Optional Prepayment pursuant to
this Section 3.6(f) in a principal amount for any single prepayment of less than $5,000,000 on any Quarterly Payment Date (except that any such prepayment may be in a principal amount less than such amount if effected on the same day as any
partial mandatory prepayment or repayment pursuant to this Series Supplement); provided, further, that no such Optional Prepayment may be made unless (i) the amount allocable to the Class A-1 Notes to be prepaid in accordance
with the Priority of Payments on the applicable Series 2016-1 Prepayment Date is sufficient to pay the principal amount of the Class A-1 Notes to be prepaid and any Class A Make-Whole Prepayment Premium required pursuant to
Section 3.6(e), in each case, payable on the relevant Series 2016-1 Prepayment Date; (ii) the amount that is allocable to the Outstanding Principal Amount of the Class A-1 Notes to be prepaid in accordance with the Priority of
Payments is sufficient to pay the Class A Quarterly Interest to but excluding the relevant Series 2016-1 Prepayment Date relating to the Outstanding Principal Amount of the Class A-1 Notes to be prepaid; (iii) the Issuers shall
reimburse the Back-Up Manager, the Manager and the Control Party, as applicable, for any unreimbursed Collateral Protection Advances (in each case, with interest thereon at the applicable Advance Interest Rate) and all other fees and amounts then
due and owing to the Back-Up Manager, the Manager and the Control Party, as applicable; and (iv) only if such Optional Prepayment is a prepayment of the Series 2016-1 Class A Notes in whole, the Issuers shall pay all Securitization
Operating Expenses and Spectrum Portfolio Maintenance Expenses payable in connection with such prepayment to the extent allocable to the Series 2016-1 Class A Notes. The Issuers may prepay the Class A-1 Notes in full at any time regardless
of the number of prior Optional Prepayments or any minimum payment requirement. No Optional Prepayment may be made which results in a failure to pay any Class A Notes Accrued Quarterly Scheduled Principal Amount on any Class A Notes on a
Quarterly Payment Date (if an Optional Prepayment is made on a Quarterly Payment Date), or the immediately succeeding Quarterly Payment Date (if an Optional Prepayment is made on any date other than a Quarterly Payment Date). 

(g) Notices of Prepayments. The Issuers shall give prior written notice (each, a “Prepayment Notice”)
at least fifteen (15) Business Days but not more than twenty (20) Business Days prior to any Series 2016-1 Prepayment Date to each Series 2016-1 Noteholder affected by the applicable Series 2016-1 Prepayment, each of the
Rating Agencies, the Back-Up Manager, the Control Party and the Trustee; provided that at the request of the Issuers, such notice to the affected Series 2016-1 Class A Noteholders shall be given by the Trustee in the name and at the
expense of the Issuers. In connection with any such Prepayment Notice, the Issuers shall provide a written report to the Trustee directing the Trustee to distribute such prepayment in accordance with the applicable provisions of Section 3.6(j)
of this Series Supplement. With respect to each such Series 2016-1 Prepayment, the related Prepayment Notice shall, in each case, specify (A) the Series 2016-1 Prepayment Date on which such prepayment will be made, which in all cases
shall be a Business Day, (B) the Series 2016-1 Prepayment Amount and (C) the date on which the applicable Class A Make-Whole Prepayment Premium to be paid in connection therewith will be calculated, which calculation date shall
be the third (3rd) Business Day before such Series 2016-1 Prepayment Date (the “Series 2016-1 Make-Whole Premium Calculation Date”). The Issuers shall have the option, by written notice to the Trustee, the Back-Up
Manager, the Control Party, the Rating Agencies and the affected Noteholders, to withdraw, or amend the Series 2016-1 Prepayment Date set forth in any Prepayment Notice relating to an Optional Prepayment at any time up to the second
(2nd) Business Day before the Series 2016-1 Prepayment Date set forth in such Prepayment Notice. Any such Optional Prepayment and Prepayment Notice may, in the Issuers’ discretion, be subject to the satisfaction of one or more
conditions precedent. The Issuers shall have the option to provide in any 

  
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Prepayment Notice that the payment of the amounts set forth in Section 3.6(f) and the performance of the Issuers’ obligations with respect to such Optional Prepayment may be performed
by another Person. All Prepayment Notices shall be transmitted via DTC to (A) each affected Series 2016-1 Noteholder and (B) each of the Rating Agencies, the Back-Up Manager and the Trustee pursuant to Section 14.1 (Notices) of
the Base Indenture. A Prepayment Notice may be revoked subject to DTC’s policies and procedures by the Issuers if the Trustee receives written notice of such revocation no later than 12:00 p.m. (New York City time) two (2) Business
Days prior to the applicable Series 2016-1 Prepayment Date. The Issuers shall give written notice of such revocation to Back-Up Manager, and at the request of the Issuers, the Trustee shall forward the notice of revocation to the Series 2016-1
Class A Noteholders. 
 (h) Series 2016-1 Prepayments. On each Series 2016-1 Prepayment Date with
respect to any Series 2016-1 Prepayment, the Series 2016-1 Prepayment Amount and the Class A Make-Whole Prepayment Premium, if any, shall be due and payable. The Issuers shall pay the Series 2016-1 Prepayment Amount together with
the applicable Class A Make-Whole Prepayment Premium, if any, by depositing such amounts in the Collection Account on or prior to the related Series 2016-1 Prepayment, to be distributed in accordance with Section 3.6(j) of this Series
Supplement. 
 (i) Repurchase Amounts. Any Repurchase Amounts allocated to the Class A Notes in accordance with
clause (i) of the Priority of Payments will be applied on the relevant Quarterly Payment Date to prepay the Series 2016-1 Class A Notes (and, in the event more than one Tranche of Class A Notes is outstanding at the relevant
time, to be allocated between the Tranches in accordance with the Tranche Percentage). 
 (j) Series 2016-1
Prepayment Distributions. 
 On the Series 2016-1 Prepayment Date for each Series 2016-1 Prepayment to be made
pursuant to this Section 3.6 in respect of the Series 2016-1 Class A Notes, the Trustee shall, in accordance with Section 6.1 of the Base Indenture (except that notwithstanding anything to the contrary therein, references to the
distributions being made on a Quarterly Payment Date shall be deemed to be references to distributions made on such Series 2016-1 Prepayment Date and references to the Record Date shall be deemed to be references to the Prepayment Record Date)
and based solely upon the applicable written report provided to the Trustee pursuant to Section 3.6(g) of this Series Supplement, wire transfer to the applicable Series 2016-1 Class A Noteholders of record on the preceding Prepayment
Record Date the amounts with respect to such Series 2016-1 Prepayment, if any, in order to repay the applicable portion of the Series 2016-1 Class A Outstanding Principal Amount and pay all accrued and unpaid interest thereon up to
such Series 2016-1 Prepayment Date and any Class A Make-Whole Prepayment Premium due to Series 2016-1 Class A Noteholders payable on such date, allocated in accordance with the Priority of Payments. 

(k) Series 2016-1 Notices of Final Payment. The Issuers shall notify the Trustee, the Back-Up Manager and each of
the Rating Agencies on or before the Prepayment Record Date preceding the Series 2016-1 Prepayment Date that will be the Series 2016-1 Final Payment Date of the Series 2016-1 Final Payment; provided that with respect to any
Series 2016-1 Final Payment that is made in connection with any mandatory or optional prepayment in full, the Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 2016-1 Final
Payment beyond the notice required to be given in connection with such prepayment pursuant to Section 3.6(g) of this Series Supplement. The Trustee shall provide any written notice required under this Section 3.6(l) to each Person in whose
name a Series 2016-1 Note is registered at the close of business on such Prepayment Record Date of the Series 2016-1 Prepayment Date that will be the Series 2016-1 Final Payment Date. Such written notice to be sent to the Series
2016-1 Class A Noteholders shall be made at the expense of the Issuers and shall be mailed by the Trustee within five (5) Business Days of receipt of 

  
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notice from the Issuers indicating that the Series 2016-1 Final Payment will be made and shall specify that such Series 2016-1 Final Payment will be payable only upon presentation and
surrender of the Series 2016-1 Class A Notes at the Corporate Trust Office. 
 (l) Defeasance. The Issuers,
solely in connection with an optional prepayment in full, a mandatory prepayment in full or a prepayment in full of the Class A-1 Notes (the “Defeased Tranche”) as provided hereunder, may terminate all of its Obligations under
the Indenture and all Obligations of the Guarantors under the Guarantee and Collateral Agreement in respect of such Class A-1 Notes; provided that the conditions set forth under Section 12.1(c) of the Base Indenture with respect to the
Defeased Tranche have been satisfied; provided that, if an additional Tranche of Class A Notes is outstanding at the relevant time, no amounts in respect of any other Tranche shall be required to be paid in accordance with
Section 12.1(c)(i)(1) of the Base Indenture. 
 Section 3.7 Manager. Pursuant to the Management Agreement,
the Manager has agreed to provide certain reports, notices, instructions and other services on behalf of the Issuers. The Series 2016-1 Class A Noteholders by their acceptance of the Series 2016-1 Class A Notes consent to the provision of
such reports and notices to the Trustee by the Manager in lieu of the Issuers. Any such reports and notices that are provided to the Trustee that are required to be delivered to the Series 2016-1 Class A Noteholders hereunder will be made
available on the Trustee’s website in the manner set forth in Section 4.3 of the Base Indenture. 

Section 3.8 Change of Control. If a Change of Control Triggering Event (as defined below) has occurred, subject to
the terms of the Indenture, the Issuers shall be required (jointly and severally) to prepay all of the Class A Notes of the Accepting Noteholders in the manner set forth below, at a prepayment price in cash equal to 101% of the Outstanding
Principal Amount of the Class A Notes to be prepaid, to (and excluding) the Change of Control Prepayment Date (as defined below) (the “Change of Control Prepayment Price”). 

(b) Within thirty (30) days following any Change of Control Triggering Event, the Issuers shall mail a notice to the
Noteholders, the Trustee and the Back-Up Manager describing the transaction or transactions that constitute such Change of Control Triggering Event, which notice (a “Change of Control Prepayment Notice”) shall provide (i) that
such notice constitutes a “Change of Control Offer” by the Issuers under the Indenture, (ii) an offer to prepay all of the Class A Notes Outstanding at their Change of Control Prepayment Price as of the Change of Control
Prepayment Date, (iii) the proposed date (the “Change of Control Prepayment Date”) that the Change of Control Prepayment shall occur (which date shall be no earlier than thirty (30) days and no later than sixty
(60) days from the date such notice is mailed), (iv) the Change of Control Prepayment Price of each Tranche of Notes Outstanding as of the Change of Control Prepayment Date and (v) the procedures by which the Class A Noteholders
may accept the Change of Control Offer, which procedures shall state the date by which Class A Noteholders must accept the Change of Control Offer (the “Acceptance Date”). Class A Noteholders may accept the Change of
Control Offer to prepay all or a portion their Class A Notes (the portion of such Class A Notes to be prepaid, the “Prepayment Notes”) by sending a notice of such acceptance to the Issuers and the Trustee in accordance
with the procedures set forth in the Change of Control Prepayment Notice (such accepting Noteholders, the “Accepting Noteholders”) on or prior to the Acceptance Date. 

(c) On the Change of Control Prepayment Date, the Issuers shall (jointly and severally) prepay all of the Prepayment Notes
and, in connection therewith, the Issuers shall (i) accept for payment all of the Prepayment Notes that were properly tendered pursuant to the Change of Control Offer, (ii) deposit with the Trustee an amount equal to the Change of Control
Prepayment Price in respect of all of the Prepayment Notes, pro rata, based on the Outstanding Principal Amount of 

  
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Prepayment Notes held by each Accepting Noteholder, together with all other fees and expenses payable on the Change of Control Prepayment Date in connection with the consummation of such Change
of Control Prepayment pursuant to the Indenture and the other Transaction Documents, and all amounts (including Collateral Protection Advances with interest thereon), if any, then due to the Back-Up Manager and (iii) deliver or cause to be
delivered to the Trustee the Prepayment Notes properly accepted. The consummation of a Change of Control Prepayment may not result in a failure to pay any Class A Notes Accrued Quarterly Scheduled Principal Amount in respect of any
Class A Notes that are not Prepayment Notes on the Quarterly Payment Date on which such Change of Control Prepayment is made (if such Change of Control Prepayment is made on a Quarterly Prepayment Date) or on the Quarterly Payment Date
immediately following the date on which such Change of Control Prepayment is made (if such Change of Control Prepayment is not made on a Quarterly Prepayment Date). 

(d) The Issuers shall comply with the requirements of Rule 14e-1 under the 1934 Act and any other securities laws and
regulations thereunder to the extent those laws and regulations are applicable in connection with any Change of Control Prepayment. To the extent that the provisions of any securities laws or regulations conflict with the provisions of the Indenture
relating to a Change of Control Prepayment, the Issuers shall comply with the applicable securities laws and regulations and shall not be deemed to have breached their obligations under such provisions of the Indenture by virtue of such conflicts.

 (e) The Issuers shall not be required to effect a Change of Control Prepayment upon the occurrence of a Change of Control
Triggering Event if and to the extent that a third party consummates such Change of Control Prepayment in the manner, at the times and otherwise in compliance with the requirements for a Change of Control Prepayment applicable to the making of a
Change of Control Prepayment by the Issuers and such third party purchases all or the part of the Prepayment Notes properly tendered and not withdrawn, in accordance with the requirements set forth in the Indenture (and any such prepayment shall
constitute a “Change of Control Prepayment” for purposes of the Indenture). 
 (f) If Class A
Noteholders of at least 90% in Outstanding Principal Amount of the Class A Notes are Accepting Noteholders and the Issuers (or any third-party making an offer in lieu of the Issuers, as described above) have effected a Change of Control
Prepayment in respect of such Prepayment Notes, the Issuers (or such third party) shall have the right, upon not less than thirty (30) nor more than sixty (60) days’ prior notice, given not more than thirty (30) days following
such Change of Control Prepayment, to prepay all Class A Notes that remain Outstanding at the Change of Control Prepayment Price for such Class A Notes. 

(g) In respect of a Change of Control Prepayment: 

A “Rating Event” means any Outstanding Tranche of Class A Notes either (i) has its rating withdrawn
by either Rating Agency or (ii) is rated below the lower of (A) the then-current credit ratings on such Outstanding Tranche of Notes by either Rating Agency or (B) the initial credit ratings assigned to such Outstanding Tranche of
Class A Notes by either Rating Agency (in each case, without negative implications) in each case from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public
notice of the occurrence of the Change of Control (which 60-day period shall be extended so long as the rating of the Class A Notes is under publicly announced consideration for possible downgrade by either of the Rating Agencies as a result
of, or in respect of, the applicable Change of Control); provided that (i) a Rating Event arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus
shall not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if any of the Rating Agencies does not announce or publicly confirm or 

  
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inform the Trustee in writing at the Issuers’ or its request that the reduction in ratings was the result, in whole or in part, of any event or circumstance comprised of or arising as a
result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control has been consummated at the time of such Rating Event); and (ii) no Rating Event shall be deemed to have occurred if the Issuers
obtain within the time periods set forth in this definition of “Rating Event” a Rating Agency Confirmation in respect of such Change of Control where, solely for purposes of determining whether a Rating Event has occurred, “Rating
Agency Confirmation” means, with respect to any Outstanding Tranche of Class A Notes, a written confirmation from the Rating Agencies that such Change of Control shall not result in either (i) a withdrawal of its credit ratings on
such Outstanding Tranche of Class A Notes or (ii) the assignment of credit ratings on such Outstanding Tranche of Class A Notes below the lower of (A) the then-current credit ratings on such Outstanding Tranche of Class A
Notes or (B) the initial credit ratings assigned to such Outstanding Tranche of Class A Notes by such Rating Agency (in each case, without negative implications). 

“Change of Control” means a “change of control” as defined in the Sprint Credit Agreement as in
effect as of the date hereof (regardless of any references in the Sprint Credit Agreement to future amendments or modifications thereto). 

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Rating Event.

 ARTICLE IV 

FORM OF SERIES 2016-1 CLASS A NOTES 

Section 4.1 Issuance of Series 2016-1 Class A Notes. The Series 2016-1 Class A Notes in the
aggregate may be offered and sold in the Series 2016-1 Class A Initial Principal Amount on the Series 2016-1 Closing Date by the Issuers pursuant to the Series 2016-1 Class A Note Purchase Agreement. The Series 2016-1
Class A Notes will be resold initially only to (A) in the United States, to initial purchasers who are not (other than following any Rapid Payment Event) a Competitor and are both a “Qualified Institutional Buyer” as defined in
Rule 144A under the 1933 Act (“Rule 144A”) and a “Qualified Purchaser” (within the meaning of the 1940 Act), acting for its own account or one or more accounts with respect to which such initial purchaser exercises sole
investment discretion, each of which account is a Qualified Institutional Buyer, a Qualified Purchaser and not (other than following any Rapid Payment Event) a Competitor or (B) outside the United States, to an initial purchaser who is not
(other than following any Rapid Payment Event) a Competitor and is a Qualified Purchaser and not a U.S. Person (a “U.S. Person”) as defined in Regulation S under the 1933 Act (“Regulation S”), acting for its own
account or one or more accounts with respect to which such initial purchaser exercises sole investment discretion, each of which is a Qualified Purchaser, and none of which is a U.S. person and will purchase its Class A Notes in an offshore
transaction in reliance on Regulation S or (other than following any Rapid Payment Event) a Competitor. The Series 2016-1 Class A Notes may thereafter be transferred in reliance on Rule 144A and/or Regulation S and in accordance
with the procedure described herein. The Series 2016-1 Class A Notes will be Book-Entry Notes and DTC will be the Depository for the Series 2016-1 Class A Notes. The Applicable Procedures shall be applicable to transfers of
beneficial interests in the Series 2016-1 Class A Notes. The Series 2016-1 Class A Notes shall be issued in minimum denominations of $200,000 and integral multiples of $1,000 in excess thereof (the “Authorized Minimum
Denomination”). 
 (a) Rule 144A Global Notes. The Series 2016-1 Class A Notes offered and
sold in their initial distribution in reliance upon Rule 144A will be issued in the form of one or more global notes in fully registered form, without coupons, substantially in the form set forth in Exhibit A-1 hereto,

  
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registered in the name of Cede & Co. (“Cede”), as nominee of DTC, and deposited with the Trustee, as custodian for DTC (collectively, for purposes of this
Section 4.1 and Section 4.2, the “Rule 144A Global Notes”). The aggregate initial principal amount of the Rule 144A Global Notes may from time to time be increased or decreased by adjustments made on the records
of the Trustee, as custodian for DTC, in connection with a corresponding decrease or increase in the aggregate initial principal amount of the corresponding class of Temporary Regulation S Global Notes or Permanent Regulation S Global
Notes, as hereinafter provided. 
 (b) Temporary Regulation S Global Notes and Permanent Regulation S Global
Notes. Any Series 2016-1 Class A Notes offered and sold on the Series 2016-1 Closing Date in reliance upon Regulation S will be issued in the form of one or more global notes in fully registered form, without coupons,
substantially in the form set forth in Exhibit A-2 hereto, registered in the name of Cede, as nominee of DTC, and deposited with the Trustee, as custodian for DTC, for credit to the respective accounts at DTC (which may include accounts
holding on behalf of Clearing Agency Participants). Until such time as the Restricted Period shall have terminated with respect to any Series 2016-1 Class A Note, such Series 2016-1 Class A Notes shall be referred to herein
collectively, for purposes of this Section 4.1 and Section 4.2, as the “Temporary Regulation S Global Notes.” After such time as the Restricted Period shall have terminated, the Temporary Regulation S Global
Notes shall be exchangeable, in whole or in part, for interests in one or more permanent global notes in registered form without interest coupons, substantially in the form set forth in Exhibit A-3 hereto, as hereinafter provided (for
purposes of this Section 4.1 and Section 4.2, the “Permanent Regulation S Global Notes”). The aggregate principal amount of the Temporary Regulation S Global Notes or the Permanent Regulation S Global Notes
may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for DTC, in connection with a corresponding decrease or increase of aggregate principal amount of the corresponding Rule 144A Global
Notes, as hereinafter provided. 
 (c) Definitive Notes. The Series 2016-1 Global Notes shall be exchangeable in
their entirety for one or more definitive notes in registered form, without interest coupons (collectively, for purposes of this Section 4.1 and Section 4.2 of this Series Supplement, the “Definitive Notes”) pursuant to
Section 2.13 of the Base Indenture and, upon complete exchange thereof, such Series 2016-1 Global Notes shall be surrendered for cancellation at the applicable Corporate Trust Office. 

Section 4.2 Transfer Restrictions of Series 2016-1 Class A Notes. 

(a) A Series 2016-1 Global Note may not be transferred, in whole or in part, to any Person other than DTC or a nominee
thereof, or to a successor Depository or to a nominee of a successor Depository, and no such transfer to any such other Person may be registered; provided, however, that this Section 4.2(a) shall not prohibit any transfer of a
Series 2016-1 Class A Note that is issued in exchange for a Series 2016-1 Global Note in accordance with Section 2.8 of the Base Indenture and shall not prohibit any transfer of a beneficial interest in a Series 2016-1
Global Note effected in accordance with the other provisions of this Section 4.2. 
 (b) The transfer by a
Series 2016-1 Note Owner holding a beneficial interest in a Series 2016-1 Class A Note in the form of a Rule 144A Global Note to a Person who wishes to take delivery thereof in the form of a beneficial interest in the
Rule 144A Global Note shall be made upon the deemed representation of the transferee that it is purchasing for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a
Qualified Institutional Buyer who is a Qualified Purchaser (a “QIB/QP”) and (other than following any Rapid Payment Event) not a Competitor, and is aware that the sale to it is being made in reliance on Rule 144A and
acknowledges that it has received such information regarding the Issuers as such transferee has requested pursuant to Rule 144A or has determined not to request such information and that it is aware

  
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that the transferor is relying upon its foregoing representations in order to claim the exemption from registration provided by Rule 144A. 

(c) If a Series 2016-1 Note Owner holding a beneficial interest in a Series 2016-1 Class A Note in the form of
a Rule 144A Global Note wishes at any time to exchange its interest in such Rule 144A Global Note for an interest in the Temporary Regulation S Global Note, or to transfer such interest to a Person who wishes to take delivery thereof
in the form of a beneficial interest in the Temporary Regulation S Global Note, such exchange or transfer may be effected, subject to the Applicable Procedures, only in accordance with the provisions of this Section 4.2(c). Upon receipt by
the Registrar, at the applicable Corporate Trust Office, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to credit or cause to be credited to a specified
Clearing Agency Participant’s account a beneficial interest in the Temporary Regulation S Global Note, in a principal amount equal to that of the beneficial interest in such Rule 144A Global Note to be so exchanged or transferred,
(ii) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Clearing Agency Participant to be credited with, and the account of the Clearing Agency Participant to be debited for,
such beneficial interest and (iii) a certificate in substantially the form set forth in Exhibit B-1 hereto given by the Series 2016-1 Series 2016-1 Note Owner holding such beneficial interest in such Rule 144A Global
Note, the Registrar shall instruct the Trustee, as custodian of DTC, to reduce the principal amount of the Rule 144A Global Note, and to increase the principal amount of the Temporary Regulation S Global Note, by the principal amount of
the beneficial interest in such Rule 144A Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Temporary Regulation S
Global Note having a principal amount equal to the amount by which the principal amount of such Rule 144A Global Note was reduced upon such exchange or transfer. 

(d) If a Series 2016-1 Note Owner holding a beneficial interest in a Rule 144A Global Note wishes at any time to
exchange its interest in such Rule 144A Global Note for an interest in the Permanent Regulation S Global Note, or to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in the
Permanent Regulation S Global Note, such exchange or transfer may be effected, subject to the Applicable Procedures, only in accordance with the provisions of this Section 4.2(d). Upon receipt by the Registrar, at the applicable Corporate
Trust Office, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to credit or cause to be credited to a specified Clearing Agency Participant’s account
a beneficial interest in the Permanent Regulation S Global Note in a principal amount equal to that of the beneficial interest in such Rule 144A Global Note to be so exchanged or transferred, (ii) a written order given in accordance
with the Applicable Procedures containing information regarding the account of the Clearing Agency Participant to be credited with, and the account of the Clearing Agency Participant to be debited for, such beneficial interest and (iii) a
certificate in substantially the form of Exhibit B-2 hereto given by the Series 2016-1 Note Owner holding such beneficial interest in such Rule 144A Global Note, the Registrar shall instruct the Trustee, as custodian of DTC, to
reduce the principal amount of such Rule 144A Global Note, and to increase the principal amount of the Permanent Regulation S Global Note, by the principal amount of the beneficial interest in such Rule 144A Global Note to be so
exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Permanent Regulation S Global Note having a principal amount equal to the amount by which
the principal amount of such Rule 144A Global Note was reduced upon such exchange or transfer. 
 (e) If a
Series 2016-1 Note Owner holding a beneficial interest in a Temporary Regulation S Global Note or a Permanent Regulation S Global Note wishes at any time to exchange its interest in such Temporary Regulation S Global Note or such
Permanent Regulation S Global Note for an 

  
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interest in the Rule 144A Global Note, or to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Rule 144A Global Note,
such exchange or transfer may be effected, subject to the Applicable Procedures, only in accordance with the provisions of this Section 4.2(e). Upon receipt by the Registrar, at the applicable Corporate Trust Office, of (i) written
instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the Registrar to credit or cause to be credited to a specified Clearing Agency Participant’s account a beneficial interest in the
Rule 144A Global Note in a principal amount equal to that of the beneficial interest in such Temporary Regulation S Global Note or such Permanent Regulation S Global Note, as the case may be, to be so exchanged or transferred,
(ii) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Clearing Agency Participant (and the Euroclear or Clearstream account, as the case may be) to be credited with, and the
account of the Clearing Agency Participant to be debited for, such beneficial interest and (iii) with respect to a transfer of a beneficial interest in such Temporary Regulation S Global Note (but not such Permanent Regulation S
Global Note), a certificate in substantially the form set forth in Exhibit B-3 hereto given by such Series 2016-1 Note Owner holding such beneficial interest in such Temporary Regulation S Global Note, the Registrar shall
instruct the Trustee, as custodian of DTC, to reduce the principal amount of such Temporary Regulation S Global Note or such Permanent Regulation S Global Note, as the case may be, and to increase the principal amount of the Rule 144A
Global Note, by the principal amount of the beneficial interest in such Temporary Regulation S Global Note or such Permanent Regulation S Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account
of the Person specified in such instructions (which shall be the Clearing Agency Participant for DTC) a beneficial interest in the Rule 144A Global Note having a principal amount equal to the amount by which the principal amount of such
Temporary Regulation S Global Note or such Permanent Regulation S Global Note, as the case may be, was reduced upon such exchange or transfer. 

(f) In the event that a Series 2016-1 Global Note or any portion thereof is exchanged for Series 2016-1 Class A
Notes other than Series 2016-1 Global Notes, such other Series 2016-1 Class A Notes may in turn be exchanged (upon transfer or otherwise) for Series 2016-1 Class A Notes that are not Series 2016-1 Global Notes or for a
beneficial interest in a Series 2016-1 Global Note (if any is then outstanding) only in accordance with such procedures as may be adopted from time to time by the Issuers and the Registrar, which shall be substantially consistent with the
provisions of Section 4.2(a) through Section 4.2(e) and Section 4.2(g) of this Series Supplement (including the certification requirement intended to ensure that transfers and exchanges of beneficial interests in a Series 2016-1
Global Note comply with Rule 144A or Regulation S under the Securities Act, as the case may be) and any Applicable Procedures. 

(g) Until the termination of the Restricted Period with respect to any Series 2016-1 Class A Note, interests in the
Temporary Regulation S Global Notes representing such Series 2016-1 Class A Note may be held only through Clearing Agency Participants; provided that this Section 4.2(g) shall not prohibit any transfer in accordance with
Section 4.2(d) of this Series Supplement. After the expiration of the applicable Restricted Period, interests in the Permanent Regulation S Global Notes may be transferred without requiring any certifications other than those set forth in
this Section 4.2. 
 (h) The Rule 144A Global Notes, the Temporary Regulation S Global Notes and the
Permanent Regulation S Global Notes shall bear the following legend: 
 THE ISSUANCE AND SALE OF THIS SERIES 2016-1
CLASS A NOTE HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF
SPRINT SPECTRUM CO LLC (THE “MASTER ISSUER”), SPRINT SPECTRUM CO II LLC 

  
 13 

 
(“CO-ISSUER II”) OR SPRINT SPECTRUM CO III LLC (“CO-ISSUER III”) HAVE BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE
“1940 ACT”). THIS NOTE OR ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) IN THE UNITED STATES, TO EITHER AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS NOT (OTHER THAN FOLLOWING ANY
RAPID PAYMENT EVENT) A COMPETITOR AND IS BOTH A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE 1933 ACT (“RULE 144A”) (A “QUALIFIED INSTITUTIONAL BUYER”) AND A
“QUALIFIED PURCHASER” (WITHIN THE MEANING OF THE 1940 ACT) (A “QUALIFIED PURCHASER”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES
SOLE INVESTMENT DISCRETION, EACH OF WHICH ACCOUNT IS A QUALIFIED INSTITUTIONAL BUYER, A QUALIFIED PURCHASER AND NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR OR (B) OUTSIDE THE UNITED STATES, TO AN INITIAL PURCHASER OR A
SUBSEQUENT TRANSFEREE WHO IS NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR AND IS A QUALIFIED PURCHASER AND NOT A “U.S. PERSON” AS DEFINED IN REGULATION S UNDER THE 1933 ACT
(“REGULATION S”) (A “U.S. PERSON”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, EACH OF WHICH
IS A QUALIFIED PURCHASER, AND NONE OF WHICH IS A U.S. PERSON AND WILL PURCHASE ITS NOTE IN OFFSHORE TRANSACTIONS IN RELIANCE ON REGULATION S OR (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR, AND, IN EACH CASE, IN COMPLIANCE
WITH THE CERTIFICATIONS AND OTHER REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY OTHER RELEVANT JURISDICTION. 

BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER REPRESENTS THAT (A) IT IS NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT
EVENT) A COMPETITOR AND IS (X) A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER OR (Y) A QUALIFIED PURCHASER AND IS ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION AND IS NOT A U.S. PERSON, (B) IT IS ACTING FOR ITS OWN ACCOUNT
OR FOR THE ACCOUNT OF ANOTHER PERSON WHICH IS NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR AND IS EITHER (X) A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER OR (Y) A QUALIFIED PURCHASER AND NOT A
U.S. PERSON, AND IN EACH CASE WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT DISCRETION, (C) IT AND EACH ACCOUNT FOR WHICH IT IS PURCHASING WILL HOLD AND TRANSFER AT LEAST THE MINIMUM DENOMINATION OF NOTES, (D) IT UNDERSTANDS THAT
THE ISSUERS MAY RECEIVE A LIST OF PARTICIPANTS HOLDING POSITIONS IN ITS NOTES FROM ONE OR MORE BOOK-ENTRY DEPOSITORIES, (E) IT WILL PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS TO ANY SUBSEQUENT TRANSFEREES, (F) IT IS NOT A BROKER-DEALER OF
THE TYPE DESCRIBED IN PARAGRAPH (a)(1)(ii) OF RULE 144A WHICH OWNS AND INVESTS ON A DISCRETIONARY BASIS LESS THAN $25,000,000 IN SECURITIES OF ISSUERS THAT ARE NOT AFFILIATED WITH IT, (G) IT IS NOT A PARTICIPANT-DIRECTED EMPLOYEE
PLAN, SUCH AS A 401(k) PLAN, OR ANY OTHER TYPE OF PLAN REFERRED TO IN PARAGRAPH (a)(1)(i)(D) OR (a)(1)(i)(E) OF RULE 144A, OR A TRUST FUND REFERRED TO IN PARAGRAPH (a)(1)(i)(F) OF RULE 144A THAT HOLDS THE ASSETS OF SUCH A
PLAN, 

  
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(H) IT IS NOT FORMED FOR THE PURPOSE OF INVESTING IN THE ISSUERS (EXCEPT WHERE EACH BENEFICIAL OWNER IS (X) BOTH A QUALIFIED PURCHASER AND A QUALIFIED INSTITUTIONAL BUYER OR (Y) A
QUALIFIED PURCHASER AND NOT A U.S. PERSON) AND (I) IF IT IS A COMPANY EXCEPTED FROM THE DEFINITION OF “INVESTMENT COMPANY” BY SECTION 3(c)(1) OR SECTION 3(c)(7) OF THE 1940 ACT, OR A SECTION 7(d) FOREIGN
INVESTMENT COMPANY RELYING ON SECTION 3(c)(1) OR SECTION 3(c)(7) OF THE 1940 ACT WITH RESPECT TO ITS U.S. HOLDERS, AND WAS FORMED ON OR BEFORE APRIL 30, 1996, IT HAS RECEIVED THE NECESSARY CONSENT FROM ITS BENEFICIAL OWNERS
AS REQUIRED BY THE 1940 ACT. 
 THE INITIAL PURCHASERS AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS NOTE OR AN
INTEREST IN THIS NOTE WILL BE DEEMED TO HAVE MADE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. THE INITIAL PURCHASERS AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE IN THE
FORM OF AN INTEREST IN A [TEMPORARY REGULATION S GLOBAL NOTE] [RULE 144A GLOBAL NOTE] OR [PERMANENT REGULATION S GLOBAL NOTE] WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE IN THE FORM REQUIRED BY THE INDENTURE AND WILL
BE REQUIRED TO MAKE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. 
 ANY TRANSFER OF THIS NOTE
IN VIOLATION OF THE FOREGOING WILL BE OF NO FORCE AND EFFECT AND WILL BE VOID AB INITIO AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASERS OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE ISSUERS,
THE TRUSTEE OR ANY INTERMEDIARY. 
 IF THIS NOTE WAS ACQUIRED IN THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (OTHER
THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR OR NOT TO HAVE BEEN BOTH A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER AT THE TIME OF ACQUISITION OF THIS NOTE, THE ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A
PURCHASER WHO IS BOTH A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER AND NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR. THE ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A PERSON WHO IS NOT BOTH A
QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER. 
 IF THIS NOTE WAS ACQUIRED OUTSIDE THE UNITED STATES, AND THE
HOLDER IS DETERMINED NOT TO HAVE BEEN A QUALIFIED PURCHASER AND NOT A U.S. PERSON AT THE TIME OF ACQUISITION OF THIS NOTE, THE ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER WHO IS A QUALIFIED PURCHASER AND NOT A
U.S. PERSON NOR (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR THE ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A PERSON WHO IS NOT A QUALIFIED PURCHASER AND NOT A U.S. PERSON OR WHO IS (OTHER THAN FOLLOWING
ANY RAPID PAYMENT EVENT) A COMPETITOR. 
 (i) The Series 2016-1 Class A Notes Temporary Regulation S Global
Notes shall also bear the following legend: 

  
 15 

 UNTIL 40 DAYS AFTER THE ORIGINAL ISSUE DATE OF THE NOTES (THE
“RESTRICTED PERIOD”) IN CONNECTION WITH THE OFFERING OF THE NOTES IN THE UNITED STATES FROM OUTSIDE OF THE UNITED STATES, THE SALE, PLEDGE OR TRANSFER OF THIS NOTE IS SUBJECT TO CERTAIN CONDITIONS AND RESTRICTIONS. THE HOLDER
HEREOF, BY PURCHASING OR OTHERWISE ACQUIRING THIS NOTE, ACKNOWLEDGES THAT SUCH HOLDER IS A QUALIFIED PURCHASER IS NOT A U.S. PERSON AND (OTHER THAN FOLLOWING A RAPID PAYMENT EVENT) A COMPETITOR AND, AND THAT THIS NOTE HAS NOT BEEN REGISTERED UNDER
THE 1933 ACT AND AGREES FOR THE BENEFIT OF THE ISSUERS THAT THIS NOTE MAY BE TRANSFERRED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY TO A QUALIFIED PURCHASER AND IS NOT A U.S. PERSON OR (OTHER THAN FOLLOWING A RAPID PAYMENT EVENT) A
COMPETITOR AND IN COMPLIANCE WITH THE 1933 ACT AND OTHER APPLICABLE LAWS OF THE STATES, TERRITORIES AND POSSESSIONS OF THE UNITED STATES GOVERNING THE OFFER AND SALE OF SECURITIES, AND PRIOR TO THE EXPIRATION OF THE RESTRICTED PERIOD, ONLY
(I) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE 1933 ACT OR (II) PURSUANT TO AND IN ACCORDANCE WITH RULE 144A UNDER THE 1933 ACT. 

(j) The Series 2016-1 Global Notes issued in connection with the Series 2016-1 Class A Notes shall bear the
following legend: 
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED
IN THE NAME OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, 570 WASHINGTON BLVD., JERSEY CITY, NEW JERSEY 07310, OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY
REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. UNLESS THIS NOTE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC TO THE ISSUERS OR THE NOTE REGISTRAR, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER, CEDE & CO.,
HAS AN INTEREST HEREIN. 
 (k) The required legends set forth above shall not be removed from the applicable
Series 2016-1 Class A Notes except as provided herein. The legend required for a Rule 144A Global Note may be removed from such Rule 144A Global Note if there is delivered to the Issuers and the Registrar such satisfactory
evidence, which may include an Opinion of Counsel, as may be reasonably required by the Issuers that neither such legend nor the restrictions on transfer set forth therein are required to ensure that transfers of such Rule 144A Global Note will
not violate the registration requirements of the Securities Act. Upon provision of such satisfactory evidence, the Trustee at the direction of the Issuers (or the Manager on their behalf), shall authenticate and deliver in exchange for such
Rule 144A Global Note a Series 2016-1 Class A Note or Series 2016-1 Class A Notes having an equal aggregate principal amount that does not bear such legend. If such a legend required for a Rule 144A Global Note has been
removed from a Series 2016-1 Class A Note as provided above, no 

  
 16 

 
other Series 2016-1 Class A Note issued in exchange for all or any part of such Series 2016-1 Class A Note shall bear such legend, unless the Issuers have reasonable cause to
believe that such other Series 2016-1 Class A Note is a “restricted security” within the meaning of Rule 144 under the Securities Act and instructs the Trustee to cause a legend to appear thereon. 

If the Trustee is notified by the Issuers that (i) a transfer or attempted or purported transfer of any interest in a
Series 2016-1 Class A Note was not consummated in compliance with the applicable transfer provisions on the basis of an incorrect form or certification from the transferee or purported transferee, (ii) a transferee failed to deliver to the
Trustee any form or certificate required to be delivered under the Indenture or (iii) the holder of any interest in a Note is in breach of any representation or agreement set forth in any certificate or any deemed representation or agreement of
such holder, the Trustee will not register such attempted or purported transfer and if a transfer has been registered, such transfer will be absolutely null and void ab initio and will vest no rights in the purported transferee (such
purported transferee, a “Disqualified Transferee”) and the last preceding holder of such interest in such Series 2016-1 Class A Note that was not a Disqualified Transferee will be restored to all rights as a Noteholder thereof
retroactively to the date of transfer of such Series 2016-1 Class A Note by such Noteholder. Without limitation, Persons who are not Qualified Purchasers or are (other than following any Rapid Payment Event) Competitors will be Disqualified
Transferees. 
 Section 4.3 Section 3(c)(7) Procedures. 

The provisions of this Section 4.3 apply to interests in all Series 2016-1 Class A-1 Notes. 

(a) The following provisions are not intended to, and do not, preclude the Issuers from relying on any exception from
registration as an “investment company” under the 1940 Act or from any exclusion as an “investment company” pursuant to Section 3(c)(7) of the 1940 Act. No adverse inferences shall be drawn from the inclusion of
the foregoing provisions with respect to any such other exception or exclusion. 
 (b) The Issuers shall, upon two
(2) Business Days’ prior written notice, cause the Trustee to send, and the Trustee hereby agrees to send on at least an annual basis, a notice from the Issuers to DTC in substantially the form of Exhibit C hereto (the
“Important Section 3(c)(7) Notice”), with a request that DTC forward each such notice to the relevant DTC participants for further delivery to the Series 2016-1 Note Owners. If DTC notifies the Issuers or the Registrar
that it will not forward such notices, the Issuers will request DTC to deliver to the Issuers a list of all DTC participants holding an interest in the Series 2016-1 Notes and the Registrar and Paying Agent will send the Important
Section 3(c)(7) Notice directly to such participants. 
 (c) The Issuers will take the following steps in connection
with the Series 2016-1 Notes: 
 (i) DTC Actions. The Issuers will direct DTC to take the following steps
in connection with the Series 2016-1 Class A Notes: 
 (A) The Issuers will direct DTC to include the
marker “3c7” in the DTC 20-character security descriptor and the 48-character additional descriptor for the Series 2016-1 Class A Notes in order
to indicate that sales are limited to Qualified Purchasers. 
 (B) The Issuers will direct DTC to cause each
physical deliver order ticket that is delivered by DTC to purchasers to contain the 20-character security descriptor.

  
 17 

 
The Issuers will direct DTC to cause each deliver order ticket that is delivered by DTC to purchasers in electronic form to contain a “3c7” indicator and a related user manual for
participants. Such user manual will contain a description of the relevant restrictions imposed by Section 3(c)(7). 

(C) On or prior to the Closing Date, the Issuers will instruct DTC to send a Section 3(c)(7) Notice to all
DTC participants in connection with the offering of the Series 2016-1 Class A Notes. 
 (D) In addition
to the obligations of the Trustee set forth in Section 4.3(b), the Issuers will from time to time (upon the request of the Trustee) make a request to DTC to deliver to the Issuer a list of all DTC participants holding an interest in the
Series 2016-1 Class A Notes. 
 (E) The Issuers will cause each CUSIP number obtained for a Series
2016-1 Class A Note to have a fixed field containing “3c7” and either “144A” or “RegS” indicators, as applicable, attached to such CUSIP number. 

(d) Bloomberg Screens, etc. The Issuers will from time to time request all
third-party vendors to include on screens maintained by such vendors appropriate legends regarding Rule 144A/Regulation S and Section 3(c)(7) under the 1940 Act restrictions on the Series 2016-1
Class A Notes. Without limiting the foregoing, the Initial Purchasers will request that each third-party vendor include the following legends on each screen containing information about the Notes:

 (i) Bloomberg. 

(A) “144A/3c7” or “RegS/3c7,” as applicable, to be stated in the “Security
Description” page describing the Series 2016-1 Class A Notes; 
 (B) an indicator stating
“Private Placement” located on the “Security Description” page; 
 (C) the
“Comments” pages should state that the Series 2016-1 Class A Notes are being offered (a) in the United States to persons that are both (i) “Qualified Institutional Buyers” as defined in Rule 144A under the
Securities Act and (ii) “Qualified Purchasers” as defined under Investment Company Act of 1940 or (b) outside the U.S. to Persons that (i) are “Qualified Purchasers” as defined under the Investment Company Act
of 1940 and (ii) are not a U.S. Person as defined in Regulation S under the Securities Act of 1933; and 

(D) the “Disclaimer” page should state that the Series 2016-1 Class A Notes will not be and have
not been registered under the Securities Act of 1933, that the Issuers have not been registered under the Investment Company Act of 1940, and that the Series 2016-1 Class A Notes may only be offered or sold in accordance with
Section 3(c)(7) of the Investment Company Act of 1940. 
 (ii) Reuters. 

(A) a “144A – 3c7” or “Reg S – 3c7,” as applicable, notation included in the
security name field at the top of the Reuters Instrument Code screen; 

  
 18 

 (B) a <144A3c7Disclaimer> or <RegS3c7Disclaimer>, as
applicable, indicator appearing on the right side of the Reuters Instrument Code screen; and 
 (C) a link
from such (i) <144A3c7Disclaimer> indicator to a disclaimer screen containing the following language: “These Notes may be sold or transferred only to Persons who are both (i) “Qualified Institutional Buyers”, as
defined in Rule 144A under the Securities Act, and (ii) “Qualified Purchasers”, as defined under the U.S. Investment Company Act of 1940 or (ii) <RegS3c7Disclaimer> indicator to a disclaimer screen containing
the following language: “These Notes may be sold or transferred to Persons who are (i) “Qualified Purchasers” as defined under the Investment Company Act of 1940 and (ii) are not a U.S. Person as defined in Regulation S
under the Securities Act.” 
 Section 4.4 Note Owner Representations and Warranties. Each Person who
becomes a Note Owner of a beneficial interest in a Series 2016-1 Note pursuant to the Offering Memorandum will be deemed to represent, warrant and agree on the date such Person acquires any interest in any Series 2016-1 Note as follows:

 (a) With respect to any sale of Series 2016-1 Class A Notes pursuant to Rule 144A, it is not (other than
following any Rapid Payment Event) a Competitor and is a QIB/QP pursuant to Rule 144A and Section 2(a)(51) of the Investment Company Act, and is aware that any sale of Series 2016-1 Class A Notes to it will be made in reliance on
Rule 144A. Its acquisition of Series 2016-1 Class A Notes in any such sale will be for its own account or for the account of another QIB/QP that is not (other than following any Rapid Payment Event) a Competitor. 

(b) With respect to any sale of Series 2016-1 Class A Notes pursuant to Regulation S, at the time the buy order for
such Series 2016-1 Class A Notes was originated, it was outside the United States to a Person who is not (other than following any Rapid Payment Event) a Competitor and is a Qualified Purchaser and not a U.S. Person, and was not purchasing
for the account or benefit of a U.S. Person or (other than following any Rapid Payment Event) a Competitor. 
 (c) It
is not a broker-dealer of the type described in paragraph (a)(1)(ii) of Rule 144A which owns and invests on a discretionary basis less than $25,000,000 in securities of unaffiliated issuers. 

(d) It has not been formed for the purpose of investing in the Series 2016-1 Class A Notes, except where each beneficial
owner is a QIB/QP (for Series 2016-1 Class A Notes acquired in the United States) or a Qualified Purchaser and not a U.S. Person (for Series 2016-1 Class A Notes acquired outside the United States). 

(e) It will, and each account for which it is purchasing will, hold and transfer at least the minimum denomination of Series
2016-1 Class A Notes. 
 (f) It understands that the Issuers, the Manager and Back-Up Manager may receive a list of
participants holding positions in the Series 2016-1 Class A Notes from one or more book-entry depositories. 

(g) It understands that the Manager, the Issuers and Back-Up Manager may receive (i) a list of Note Owners that have
requested access to the Trustee’s password-protected website or that have voluntarily registered as a Note Owner with the Trustee and (ii) copies of Noteholder confirmations of representations and warranties executed to obtain access to
the Trustee’s password-protected website. 

  
 19 

 (h) It will provide to each person to whom it transfers Series 2016-1
Class A Notes notices of any restrictions on transfer of such Series 2016-1 Class A Notes. 
 (i) It is not a
participant-directed employee plan, such as a 401(k) plan, or any other type of plan referred to in paragraph (a)(1)(i)(D) or (a)(1)(i)(E) of Rule 144A, or a trust fund referred to in paragraph (a)(1)(i)(F) of Rule 144A that
holds the assets of such a plan. 
 (j) If it is a Section 3(c)(1) or Section 3(c)(7) investment company, or a
Section 7(d) foreign investment company relying on Section 3(c)(1) or Section 3(c)(7) of the Investment Company Act with respect to its U.S. holders, and was formed on or before April 30, 1996, it has received the necessary
consent from its beneficial owners as required by the 1940 Act. 
 (k) It understands that (i) the Series 2016-1
Class A Notes are being offered in a transaction not involving any public offering in the United States within the meaning of the Securities Act, (ii) the Series 2016-1 Class A Notes have not been registered under the Securities Act,
(iii) such Series 2016-1 Class A Notes may be offered, resold, pledged or otherwise transferred only (A) in the United States to a Person who the seller reasonably believes is a Qualified Institutional Buyer and who is a Qualified
Purchaser in a transaction meeting the requirements of Rule 144A and who is not (other than following any Rapid Payment Event) a Competitor, (B) outside the United States to a Person who is a Qualified Purchaser and not a U.S. Person
in a transaction meeting the requirements of Regulation S and who is not (other than following any Rapid Payment Event) a Competitor or (C) to a Person that is a Qualified Purchaser in a transaction exempt from the registration
requirements of the Securities Act and the applicable securities laws of any state of the United States and any other jurisdiction, in each such case in accordance with the Indenture and any applicable securities laws of any state of the United
States and (iv) it will, and each subsequent holder of a Series 2016-1 Note is required to, notify any subsequent purchaser of a Series 2016-1 Note of the resale restrictions set forth in clause (iii) above. 

(l) It understands that the certificates evidencing the Rule 144A Global Notes will bear legends substantially similar to
those set forth in Section 4.2(h) of this Series Supplement. 
 (m) It understands that the certificates evidencing the
Temporary Regulation S Global Notes will bear legends substantially similar to those set forth in Section 4.2(i) of this Series Supplement. 

(n) It understands that the certificates evidencing the Permanent Regulation S Global Notes will bear legends
substantially similar to those set forth in Section 4.2(j) of this Series Supplement. 
 (o) Either (i) it is
neither a Plan (including, without limitation, an entity whose underlying assets include “plan assets” by reason of a Plan’s investment in the entity or otherwise) nor a governmental, church, non-U.S. or other plan which is
subject to any Similar Law or (ii) its acquisition, holding and disposition of the Series 2016-1 Class A Notes (or any interest therein) will not constitute a non-exempt prohibited transaction under Section 406 of ERISA or
Section 4975 of the Code or, in the case of a governmental, church, non-U.S. or other plan, a non-exempt violation under any Similar Law. 

(p) It is not (other than following a Rapid Payment Event) a Competitor. 

(q) It understands that any subsequent transfer of the Series 2016-1 Class A Notes or any interest therein is subject to
certain restrictions and conditions set forth in the Indenture and it agrees to be bound by, and not to resell, pledge or otherwise transfer the Series 2016-1 Class A Notes or any interest therein except in compliance with, such restrictions
and conditions and the Securities Act. 

  
 20 

 Section 4.5 Limitation on Liability. None of the Issuers, the
Trustee, the Back-Up Manager, the Securities Intermediary or any Paying Agent shall have any responsibility or liability for any aspects of the records maintained by DTC or its nominee or any of the Agent Members relating to or for payments made
thereby on account of beneficial interests in a Rule l44A Global Note or a Regulation S Global Note. None of the Issuers, the Trustee, the Back-Up Manager, the Securities Intermediary or the Paying Agent shall have any responsibility or
liability with respect to any records maintained by the Noteholder with respect to the beneficial holders thereof or payments made thereby on account of beneficial interests held therein. 

ARTICLE V 
 GENERAL

 Section 5.1 [Reserved]. 

Section 5.2 Exhibits. The annexes and exhibits attached hereto and listed on the table of contents hereto
supplement the annexes and exhibits included in the Base Indenture. 
 Section 5.3 Ratification of Base
Indenture. As supplemented by this Series Supplement, the Base Indenture is in all respects ratified and confirmed and the Base Indenture as so supplemented by this Series Supplement shall be read, taken and construed as one and the same
instrument. 
 Section 5.4 Certain Notices to the Rating Agencies. The Issuers shall provide to each Rating
Agency a copy of each Opinion of Counsel and Officer’s Certificate delivered to the Trustee pursuant to this Series Supplement or any other Transaction Document. 

Section 5.5 Prior Notice by Trustee to the Controlling Class Representative and Control Party. Subject to
Section 10.1 of the Base Indenture, the Trustee agrees that it shall not exercise any rights or remedies available to it as a result of the occurrence of a Rapid Amortization Event (including any Lessee Payment Default Rapid Am Event) or an
Event of Default until after the Trustee has given prior written notice thereof to the Controlling Class Representative and the Control Party and obtained the direction of the Control Party (subject to Section 11.4(f) of the Base
Indenture, at the direction of the Controlling Class Representative). 
 Section 5.6 Counterparts. This
Series Supplement may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. 

Section 5.7 Governing Law. THIS SERIES SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 Section 5.8 Amendments. This Series Supplement may
not be modified or amended except in accordance with the terms of the Base Indenture. 
 Section 5.9 Termination of
Series Supplement. This Series Supplement shall cease to be of further effect when (i) all Outstanding Series 2016-1 Class A Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series
2016-1 Class A Notes that have been replaced or paid) to the Trustee for cancellation, (ii) the Issuers have paid all sums payable hereunder and, without duplication (iii) the conditions set forth in Section 12.1(c) of the Base
Indenture have been satisfied with respect to the Series 2016-1 Class A Notes; provided that any provisions of this Series 

  
 21 

 
Supplement required for the Series 2016-1 Final Payment to be made shall survive until the Series 2016-1 Final Payment is paid to the Series 2016-1 Class A Noteholders. 

Section 5.10 Entire Agreement. This Series Supplement, together with the exhibits and schedules hereto and the
other Indenture Documents, contains a final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the
subject matter hereof, superseding all previous oral statements and other writings with respect thereto. 
 [Signature Pages Follow]

  
 22 

 IN WITNESS WHEREOF, each of the Issuers, the Trustee and the Series 2016-1
Securities Intermediary has caused this Series Supplement to be duly executed by its respective duly authorized officer as of the day and year first written above. 

 

					
	SPRINT SPECTRUM CO LLC
		
	By:	 	 /s/ Janet M. Duncan

		 	Name:	 	Janet M. Duncan
		 	Title:	 	Vice President and Treasurer

 
					
	SPRINT SPECTRUM CO II LLC
		
	By:	 	 /s/ Janet M. Duncan

		 	Name:	 	Janet M. Duncan
		 	Title:	 	Vice President and Treasurer

 
					
	SPRINT SPECTRUM CO III LLC
		
	By:	 	 /s/ Janet M. Duncan

		 	Name:	 	Janet M. Duncan
		 	Title:	 	Vice President and Treasurer

 
					
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,

not in its individual capacity but solely as Trustee and Securities Intermediary

		
	By:	 	 /s/ Louis Bodi

		 	Name	 	Louis Bodi
		 	Title:	 	Vice President
		
	By:	 	 /s/ Maria Inoa

		 	Name	 	Maria Inoa
		 	Title:	 	Assistant Vice President

 ANNEX A 

SERIES 2016-1 

SUPPLEMENTAL DEFINITIONS LIST 

“Acceptance Date” has the meaning has the meaning set forth in Section 3.8(b) of the Series 2016-1
Supplement. 
 “Accrued Quarterly Scheduled Principal Shortfall Amount” means, for any Quarterly Allocation
Date with respect to a Quarterly Collection Period the amount, if any, by which (i) the amount allocated to Class A Notes Accrued Quarterly Scheduled Principal Amounts with respect to such Quarterly Collection Period was less than
(ii) the Class A Notes Accrued Quarterly Scheduled Principal Amount for the immediately preceding Quarterly Allocation Date. 

“Agent Members” means members of, or participants in, DTC. 

“Cede” has the meaning set forth in Section 4.1(a) of the Series 2016-1 Supplement. 

“Change of Control” has the meaning set forth in Section 3.8(g) of the Series 2016-1 Supplement.

 “Change of Control Offer” has the meaning has the meaning set forth in Section 3.8(b) of the
Series 2016-1 Supplement. 
 “Change of Control Prepayment” has the meaning has the meaning set forth
in Section 3.8(e) of the Series 2016-1 Supplement. 
 “Change of Control Prepayment Date” has the
meaning has the meaning set forth in Section 3.8(b) of the Series 2016-1 Supplement. 
 “Change of Control
Prepayment Notice” has the meaning has the meaning set forth in Section 3.8(b) of the Series 2016-1 Supplement. 

“Change of Control Prepayment Price” has the meaning has the meaning set forth in Section 3.8(a) of the
Series 2016-1 Supplement. 
 “Change of Control Triggering Event” has the meaning has the meaning set
forth in Section 3.8(g) of the Series 2016-1 Supplement. 
 “Class A Make-Whole End Date” has the
meaning set forth in Section 3.6(e) of the Series 2016-1 Supplement. 
 “Class A Make-Whole
Prepayment Premium” has the meaning set forth in Section 3.6(e) of the Series 2016-1 Supplement. For purposes of the Base Indenture, “Class A Make-Whole Prepayment Premium” shall be deemed as such for purposes of the Priority
of Payments. 
 “Class A Notes Accrued Quarterly Interest Amount” means, for the Quarterly Allocation Date
with respect to a Quarterly Collection Period and the Interest Accrual Period beginning during such Quarterly Collection Period, an amount equal to the sum of: 

  
 A-1 

 (i) the amount by which (1) the Class A Quarterly Interest for such
Interest Accrual Period exceeds (2) the aggregate amount previously allocated pursuant to this clause (i) and clause (ii) (to the extent such amounts under clause (ii) were allocated with respect to amounts calculated under this
clause (i), without duplication) during such Quarterly Collection Period; and 
 (ii) the Class A Notes Accrued
Quarterly Interest Shortfall for such Quarterly Allocation Date. 
 For purposes of the Base Indenture, the “Class A
Notes Accrued Quarterly Interest Amount” shall be deemed to be a “Class A Notes Accrued Quarterly Interest Amount.” 

“Class A Notes Accrued Quarterly Interest Shortfall” means the amount, if any, by which (i) the
aggregate amount allocated to the Class A Notes Accrued Quarterly Interest Amount with respect to the Class A Notes on the Quarterly Allocation Date with respect to such Quarterly Collection Period was less than (ii) the aggregate
Class A Notes Accrued Quarterly Interest Amount for all such preceding Quarterly Allocation Dates. 
 “Class A
Notes Accrued Quarterly Scheduled Principal Amount” means, for the Quarterly Allocation Date with respect to any Quarterly Collection Period, an amount equal to the lesser of (a) the Accrued Quarterly Scheduled Principal Shortfall
Amount for such Quarterly Allocation Date and (b) the amount, if any, by which (i) the Quarterly Scheduled Principal Amount for the Quarterly Payment Date in the next succeeding Quarterly Collection Period exceeds (ii) the aggregate
amount previously allocated to the Class A Notes Accrued Quarterly Scheduled Principal Amount with respect to the Series 2016-1 Class A Notes on the preceding Quarterly Allocation Date with respect to such Quarterly Collection Period.
For purposes of the Base Indenture, the Class A Notes Accrued Quarterly Scheduled Principal Amount shall be deemed to be a “Class A Notes Accrued Quarterly Scheduled Principal Amount.” 

“Class A Quarterly Interest” means, with respect to any Interest Accrual Period, an amount equal to the
sum of (i) the accrued interest at the Series 2016-1 Class A Note Rate on the Series 2016-1 Class A Outstanding Principal Amount, calculated based on a 360-day year of twelve 30-day months, and (ii) the amount
of any Class A Notes Accrued Quarterly Interest Shortfall with respect to the Series 2016-1 Class A Notes, for the immediately preceding Interest Accrual Period. 

“Default Rate” has the meaning set forth in Section 3.5(a) of the Series 2016-1 Supplement. 

“Definitive Notes” has the meaning set forth in Section 4.1(c) of the Series 2016-1 Supplement.

 “DTC” means The Depository Trust Company and any successor thereto. 

“Fitch” means Fitch Ratings Inc., doing business as Fitch Ratings, or any successor thereto. 

“Important Section 3(c)(7) Notice” has the meaning set forth in Section 4.3(b) of the
Series 2016-1 Supplement. 
 “Initial Purchasers” means, collectively, Goldman, Sachs & Co.,
Mizuho Securities, J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. 

“Offering Memorandum” means the Offering Memorandum for the offering of the Series 2016-1 Class A
Notes, dated October 20, 2016, prepared by the Issuers. 

  
 A-2 

 “Outstanding Series 2016-1 Class A Notes” means, with
respect to the Series 2016-1 Class A Notes, as of any time, all Series 2016-1 Class A Notes theretofore authenticated and delivered under the Base Indenture, except: 

(i) Series 2016-1 Class A Notes theretofore canceled by the Registrar or delivered to the Registrar
for cancellation; 
 (ii) Series 2016-1 Class A Notes, or portions thereof, for whose payment or
prepayment funds in the necessary amount are on deposit in the appropriate account and are available for payment of such Series 2016-1 Class A Notes or portions thereof; provided that if such Series 2016-1 Class A Notes or
portions thereof are to be redeemed, notice of such redemption has been duly given pursuant to the Indenture or provision therefore reasonably satisfactory to the Trustee has been made; 

(iii) Series 2016-1 Class A Notes that have been defeased in accordance with Section 12.1 of the
Base Indenture; 
 (iv) Series 2016-1 Class A Notes in exchange for, or in lieu of which other
Series 2016-1 Class A Notes have been authenticated and delivered pursuant to the Indenture, unless proof reasonably satisfactory to the Trustee is presented that any such Series 2016-1 Class A Notes are held by a holder in due
course or protected purchaser; and 
 (v) Series 2016-1 Class A Notes alleged to have been
mutilated, destroyed, lost or stolen for which replacement Series 2016-1 Class A Notes have been issued as provided in the Indenture; 

provided that (A) in determining whether the Noteholders of the requisite Outstanding Principal Amount have given any request,
demand, authorization, direction, notice, consent, waiver or vote under the Indenture, the following Series 2016-1 Class A Notes shall be disregarded and deemed not to be Outstanding: (x) Series 2016-1 Class A Notes owned by
the Back-Up Manager, any Affiliate of the Back-Up Manager, Securitization Entities or any other obligor upon the Series 2016-1 Class A Notes or any Affiliate of any of them (y) Series 2016-1 Class A Notes held in any
accounts with respect to which the Manager or any Affiliate thereof exercises discretionary voting authority and (z) Series 2016-1 Class A Notes held in any accounts with respect to which the Back-Up Manager or any Affiliate thereof
exercises discretionary voting authority; provided, further, that in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent, waiver or vote, only
Series 2016-1 Class A Notes as described under clause (x), (y) or (z) above that a Trust Officer actually knows to be so owned shall be so disregarded; and (B) Series 2016-1 Class A Notes owned in the manner
indicated in clause (x), (y) or (z) above that have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such
Series 2016-1 Class A Notes and that the pledgee is not a Securitization Entity or any other obligor or the Manager, the Back-Up Manager or, in each case, an Affiliate thereof, or an account for which the Manager, Back-Up Manager or, in
each case, an Affiliate of the Manager or the Back-Up Manager exercises discretionary voting authority. 

“Permanent Regulation S Global Notes” has the meaning set forth in Sections 4.1(b) of the
Series 2016-1 Supplement. 
 “Prepayment Notes” has the meaning has the meaning set forth in
Section 3.8(b) of the Series 2016-1 Supplement. 

  
 A-3 

 “Prepayment Notice” has the meaning set forth in
Section 3.6(g) of the Series 2016-1 Supplement. 
 “Prepayment Record Date” means, with respect
to (i) any Series 2016-1 Prepayment Date that is not a Quarterly Payment Date, the close of business on the fifteenth (15) day prior to the date of such Series 2016-1 Prepayment (without regard to whether such day is a Business Day), and
(ii) any Series 2016-1 Prepayment Date that is on the same day as a Quarterly Payment Date, the Record Date. 

“QIB/QP” has the meaning set forth in Section 4.2(b) of the Series 2016-1 Supplement. 

“Quarterly Scheduled Principal Amount” means, with respect to any Quarterly Payment Date, with respect to the
Series 2016-1 Class A-1 Notes, for any Quarterly Payment Date before December 2017, zero, and for any Quarterly Payment Date on or after December 2017, $218,750,000; provided that amounts paid to the Class A Noteholders in
respect of the Series 2016-1 Class A Outstanding Principal Amount (x) in respect of amounts allocated pursuant to clause (i)(B) of the Priority of Payments shall reduce the respective Quarterly Scheduled Principal Amounts pro
rata or (y) as optional prepayments pursuant to Section 3.6(f), shall reduce the respective Quarterly Scheduled Principal Amounts ratably based on the Outstanding Principal Amount of such optional prepayment. Series 2016-1
Class A Notes that are cancelled pursuant to Section 2.14 of the Base Indenture shall reduce the applicable Quarterly Scheduled Principal Amounts ratably based on the Outstanding Principal Amount of such Series 2016-1 Class A
Notes. For purposes of the Base Indenture, Quarterly Scheduled Principal Amounts shall be deemed to be “Scheduled Principal Payments.” 

“Quarterly Scheduled Principal Deficiency Amount” means, as of any date of determination, the amount, if any,
of due and unpaid Quarterly Scheduled Principal Amount with respect to each Quarterly Payment Date prior to such date of determination. 

“Rating Agencies” means Fitch and Moody’s and any successor or successors thereto. Solely with respect
to the Class A Notes, in the event that at any time the rating agencies rating the Series 2016-1 Class A Notes do not include either Fitch and Moody’s, references to rating categories of the relevant rating agency in this Series
Supplement shall be deemed instead to be references to the equivalent categories of such other rating agency as then is rating the Notes as of the most recent date on which such other rating agency and the outgoing rating agency published ratings
for the type of security in respect of which such alternative rating agency is used. 
 “Rating Event” has
the meaning has the meaning set forth in Section 3.8(g) of the Series 2016-1 Supplement. 

“Regulation S” means Regulation S promulgated under the Securities Act. 

“Regulation S Global Notes” means, collectively, the Temporary Regulation S Global Notes and the
Permanent Regulation S Global Notes. 
 “Remaining Scheduled Payments” has the meaning set forth in
Section 3.6(e) of the Series 2016-1 Supplement. 
 “Restricted Period” means, with respect to any
Series 2016-1 Class A Notes sold pursuant to Regulation S, the period commencing on such Series 2016-1 Closing Date and ending on the 40th day after the Series 2016-1 Closing Date. 

  
 A-4 

 “Rule 144A Global Notes” has the meaning set forth in
Section 4.1(a) of the Series 2016-1 Supplement. 

“Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Series 2016-1 Anticipated Repayment Date” has the meaning set forth in Section 3.6(b) of the
Series 2016-1 Supplement. For purposes of the Base Indenture, the “Series 2016-1 Anticipated Repayment Date” shall be deemed to be an “Anticipated Repayment Date.” 

“Series 2016-1 Class A Initial Principal Amount” means the aggregate initial outstanding principal
amount of the Series 2016-1 Class A Notes, comprising $3,500,000,000 aggregate principal amount Series 2016-1 Class A-1 Notes. 

“Series 2016-1 Class A Noteholder” means the Person in whose name a Series 2016-1 Class A
Note is registered in the applicable Note Register. 
 “Series 2016-1 Class A Note Purchase
Agreement” means the Purchase Agreement, dated as of October 20, 2016, by and among Goldman, Sachs & Co, J.P. Morgan Securities LLC and Mizuho Securities USA, Inc. as the Purchasers, the Issuers and the Guarantors, as amended,
supplemented or otherwise modified from time to time. 
 “Series 2016-1 Class A Note Rate”
means with respect to the Series 2016-1 Class A-1 Notes, the Series 2016-1 Class A-1 Note Rate. 

“Series 2016-1 Class A Notes” has the meaning specified in “Designation” of the
Series 2016-1 Supplement. 
 “Series 2016-1 Class A Noteholders” means, collectively, the
Series 2016-1 Class A-1 Noteholders. 
 “Series 2016-1 Class A Notes” has the meaning
set forth in the Designation. 
 “Series 2016-1 Class A Notes Quarterly Interest Amount” means,
with respect to each Quarterly Payment Date, the aggregate amount of Class A Notes Accrued Quarterly Interest Amounts with respect to the related Interest Accrual Period, on the Series 2016-1 Class A Notes. For purposes of the Base
Indenture, the “Series 2016-1 Class A Notes Quarterly Interest Amount” shall be deemed to be a “Class A Notes Quarterly Interest Amount”. 

“Series 2016-1 Class A Outstanding Principal Amount” means, when used with respect to any date, an
amount equal to (a) the Series 2016-1 Class A Initial Principal Amount, minus (b) the aggregate amount of principal payments (whether a Quarterly Scheduled Principal Amount, a prepayment, a purchase and cancellation, a
redemption or otherwise) made to Series 2016-1 Class A Noteholders with respect to Series 2016-1 Class A Notes on or prior to such date. For purposes of the Base Indenture, the “Series 2016-1 Class A Outstanding
Principal Amount” shall be deemed to be an “Outstanding Principal Amount”. 
 “Series 2016-1
Class A Prepayment” has the meaning set forth in Section 3.6(e) of the Series 2016-1 Supplement. 

  
 A-5 

 “Series 2016-1 Class A-1 Anticipated Repayment Date” has
the meaning set forth in Section 3.6(b) of the Series 2016-1 Supplement. For purposes of the Base Indenture, the “Series 2016-1 Class A-1 Anticipated Repayment Date” shall be deemed to be an “Anticipated Repayment
Date”. 
 “Series 2016-1 Class A-1 Note Rate” means 3.360% per annum. 

“Series 2016-1 Closing Date” means October 27, 2016. For purposes of the Base Indenture the
Series 2016-1 Closing Date shall be deemed a “Series Closing Date.” 
 “Series 2016-1 Final
Payment” means the payment of all accrued and unpaid interest on and principal of all Outstanding Series 2016-1 Class A Notes. 

“Series 2016-1 Final Payment Date” means the date on which the Series 2016-1 Final Payment is made.

 “Series 2016-1 Global Notes” means, collectively, the Regulation S Global Notes and the
Rule 144A Global Notes. 
 “Series 2016-1 Legal Final Maturity Date” means the Quarterly Payment
Date occurring in March 2023. For purposes of the Base Indenture, the “Series 2016-1 Legal Final Maturity Date” shall be deemed to be a “Series Legal Final Maturity Date.” 

“Series 2016-1 Make-Whole Premium Calculation Date” has the meaning set forth in Section 3.6(g) of
the Series 2016-1 Supplement. 
 “Series 2016-1 Note Owner” means, with respect to a
Series 2016-1 Note that is a Book-Entry Note, the Person who is the beneficial owner of such Book-Entry Note, as reflected on the books of the Clearing Agency that holds such Book-Entry Note, or on the
books of a Person maintaining an account with such Clearing Agency (directly or as an indirect participant, in accordance with the rules of such Clearing Agency). 

“Series 2016-1 Prepayment” means a Series 2016-1 Class A Prepayment or any other prepayment
pursuant to Section 3.6(j) of this Series Supplement, as applicable. 
 “Series 2016-1 Prepayment
Amount” means the aggregate principal amount of the Series 2016-1 Class A Notes to be prepaid on any Series 2016-1 Prepayment Date, together with all accrued and unpaid interest thereon to such date. 

“Series 2016-1 Prepayment Date” means the date on which any prepayment on the Series 2016-1
Class A Notes is made pursuant to Section 3.6(d), Section 3.6(f) or Section 3.6(j) of this Series Supplement, which shall be, with respect to any Series 2016-1 Prepayment pursuant to Section 3.6(f) of this Series
Supplement, the date specified as such in the applicable Prepayment Notice and, with respect to any Series 2016-1 Prepayment in connection with a Rapid Amortization Period, the immediately succeeding Quarterly Payment Date. 

“Series 2016-1 Supplement” means the Series 2016-1 Supplement, dated as of the Series 2016-1
Closing Date by and among the Issuers, the Trustee and the Series 2016-1 Securities Intermediary, as amended, supplemented or otherwise modified from time to time. 

“Series 2016-1 Supplemental Definitions List” has the meaning set forth in Article I of the
Series 2016-1 Supplement. 

  
 A-6 

 “Subject Principal Amount” has the meaning set forth in
Section 3.6(e) of the Series 2016-1 Supplement. 
 “Similar Law” means any federal, state, local, or
non-U.S. law that is substantially similar to the provisions of Section 406 of ERISA or Section 4975 of the Code. 

“Temporary Regulation S Global Notes” has the meaning set forth in Section 4.1(b) of the
Series 2016-1 Supplement. 
 “Tranche” means each of (i) the Series 2016-1 Class A-1
Notes, (ii) any additional issuance of Class A Notes designated as a Tranche of Class A Notes pursuant to an applicable Series Supplement. For purposes of the Base Indenture, the Series 2016-1 Class A-1 Notes shall be deemed
to be a “Tranche” of the Class A Notes. 
 “Tranche Percentage” means, with respect to any
date of determination, with respect to the Tranche consisting of the Series 2016-1 Class A-1 Notes, the quotient of the Outstanding Principal Amount of the Series 2016-1 Class A-1 Notes divided by the Outstanding Principal Amount
of the Class A Notes, (ii) with respect to any additional Tranche consisting of Class A Notes, the quotient of the Outstanding Principal Amount of such additional Tranche of Class A Notes divided by the Outstanding Principal
Amount of the Class A Notes. 
 “Treasury Rate” has the meaning set forth in Section 3.6(e) of
the Series 2016-1 Supplement. 
 “U.S. Person” has the meaning set forth in Section 4.1 of the
Series 2016-1 Supplement. 

  
 A-7 

 EXHIBIT A-1 

THE ISSUANCE AND SALE OF THIS RULE 144A GLOBAL SERIES 2016-1 CLASS A-1 NOTE (THIS “NOTE”) HAVE NOT
BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF SPRINT SPECTRUM CO LLC (THE
“MASTER ISSUER”), SPRINT SPECTRUM CO II LLC (“CO-ISSUER II”) OR SPRINT SPECTRUM CO III LLC (“CO-ISSUER III”) HAVE BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE
“1940 ACT”). THIS NOTE OR ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) IN THE UNITED STATES, TO EITHER AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS NOT (OTHER THAN FOLLOWING ANY
RAPID PAYMENT EVENT) A COMPETITOR AND IS BOTH A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE 1933 ACT (“RULE 144A”) (A “QUALIFIED INSTITUTIONAL BUYER”) AND A
“QUALIFIED PURCHASER” (WITHIN THE MEANING OF THE 1940 ACT) (A “QUALIFIED PURCHASER”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE
INVESTMENT DISCRETION, EACH OF WHICH ACCOUNT IS A QUALIFIED INSTITUTIONAL BUYER, A QUALIFIED PURCHASER AND NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR OR (B) OUTSIDE THE UNITED STATES, TO AN INITIAL PURCHASER OR A SUBSEQUENT
TRANSFEREE WHO IS NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR AND IS A QUALIFIED PURCHASER AND NOT A “U.S. PERSON” AS DEFINED IN REGULATION S UNDER THE 1933 ACT (“REGULATION S”) (A
“U.S. PERSON”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, EACH OF WHICH IS A QUALIFIED PURCHASER, AND NONE OF WHICH
IS A U.S. PERSON AND WILL PURCHASE ITS NOTE IN OFFSHORE TRANSACTIONS IN RELIANCE ON REGULATION S OR (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR, AND, IN EACH CASE, IN COMPLIANCE WITH THE CERTIFICATIONS AND OTHER
REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY OTHER RELEVANT JURISDICTION. 

BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER REPRESENTS THAT (A) IT IS NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT
EVENT) A COMPETITOR AND IS (X) A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER OR (Y) A QUALIFIED PURCHASER AND IS ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION AND IS NOT A U.S. PERSON, (B) IT IS ACTING FOR ITS OWN ACCOUNT
OR FOR THE ACCOUNT OF ANOTHER PERSON WHICH IS NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR AND IS EITHER (X) A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER OR (Y) A QUALIFIED PURCHASER AND IS NOT A
U.S. PERSON, AND IN EACH CASE WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT DISCRETION, (C) IT AND EACH ACCOUNT FOR WHICH IT IS PURCHASING WILL HOLD AND TRANSFER AT LEAST THE MINIMUM DENOMINATION OF NOTES, (D) IT UNDERSTANDS THAT
THE ISSUERS MAY RECEIVE A LIST OF PARTICIPANTS HOLDING POSITIONS IN ITS NOTES FROM ONE OR MORE BOOK-ENTRY DEPOSITORIES, (E) IT WILL PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS TO ANY SUBSEQUENT TRANSFEREES, (F) IT IS NOT A BROKER-DEALER OF
THE TYPE DESCRIBED IN PARAGRAPH (a)(1)(ii) OF RULE 144A WHICH OWNS AND INVESTS ON A DISCRETIONARY BASIS LESS THAN $25,000,000 IN SECURITIES OF ISSUERS THAT ARE NOT 

  
 A-1-1 

 
AFFILIATED WITH IT, (G) IT IS NOT A PARTICIPANT-DIRECTED EMPLOYEE PLAN, SUCH AS A 401(k) PLAN, OR ANY OTHER TYPE OF PLAN REFERRED TO IN PARAGRAPH (a)(1)(i)(D) OR (a)(1)(i)(E) OF
RULE 144A, OR A TRUST FUND REFERRED TO IN PARAGRAPH (a)(1)(i)(F) OF RULE 144A THAT HOLDS THE ASSETS OF SUCH A PLAN, (H) IT IS NOT FORMED FOR THE PURPOSE OF INVESTING IN THE ISSUERS (EXCEPT WHERE EACH BENEFICIAL OWNER IS
(X) BOTH A QUALIFIED PURCHASER AND A QUALIFIED INSTITUTIONAL BUYER OR (Y) A QUALIFIED PURCHASER AND NOT A U.S. PERSON) AND (I) IF IT IS A COMPANY EXCEPTED FROM THE DEFINITION OF “INVESTMENT COMPANY” BY
SECTION 3(c)(1) OR SECTION 3(c)(7) OF THE 1940 ACT, OR A SECTION 7(d) FOREIGN INVESTMENT COMPANY RELYING ON SECTION 3(c)(1) OR SECTION 3(c)(7) OF THE 1940 ACT WITH RESPECT TO ITS U.S. HOLDERS, AND WAS FORMED
ON OR BEFORE APRIL 30, 1996, IT HAS RECEIVED THE NECESSARY CONSENT FROM ITS BENEFICIAL OWNERS AS REQUIRED BY THE 1940 ACT. 

THE INITIAL PURCHASERS AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE WILL BE DEEMED
TO HAVE MADE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. THE INITIAL PURCHASERS AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE IN THE FORM OF AN INTEREST IN A TEMPORARY
REGULATION S GLOBAL NOTE OR PERMANENT REGULATION S GLOBAL NOTE WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE IN THE FORM REQUIRED BY THE INDENTURE AND WILL BE REQUIRED TO MAKE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS
REFERRED TO IN THE INDENTURE. 
 ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING WILL BE OF NO FORCE AND EFFECT AND
WILL BE VOID AB INITIO AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASERS OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE ISSUERS, THE TRUSTEE OR ANY INTERMEDIARY. 

IF THIS NOTE WAS ACQUIRED IN THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (OTHER THAN FOLLOWING ANY RAPID PAYMENT
EVENT) A COMPETITOR OR NOT TO HAVE BEEN BOTH A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER AT THE TIME OF ACQUISITION OF THIS NOTE, THE ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER WHO IS BOTH A
QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER AND NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR. THE ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A PERSON WHO IS NOT BOTH A QUALIFIED INSTITUTIONAL BUYER
AND A QUALIFIED PURCHASER. 
 IF THIS NOTE WAS ACQUIRED OUTSIDE THE UNITED STATES, AND THE HOLDER IS DETERMINED NOT TO HAVE
BEEN A QUALIFIED PURCHASER AND NOT A U.S. PERSON AT THE TIME OF ACQUISITION OF THIS NOTE, THE ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER WHO IS A QUALIFIED PURCHASER AND NOT A U.S. PERSON NOR (OTHER THAN
FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR THE ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A PERSON WHO IS NOT A QUALIFIED PURCHASER AND NOT A U.S. PERSON OR WHO IS (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A
COMPETITOR. 

  
 A-1-2 

 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, 570 WASHINGTON BLVD., JERSEY CITY, NEW JERSEY 07310, OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN
PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. UNLESS THIS NOTE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE ISSUERS OR THE NOTE REGISTRAR, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER,
CEDE & CO., HAS AN INTEREST HEREIN. 

  
 A-1-3 

 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE
OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE TRUSTEE. 

FORM OF RULE 144A GLOBAL SERIES 2016-1 CLASS A-1 NOTE 

 

			
	 No. R-             
	  	up to $[            ]        

 CUSIP Number: [            ] 

ISIN Number: [            ] 

SPRINT SPECTRUM CO LLC 
 SPRINT
SPECTRUM CO II LLC 
 SPRINT SPECTRUM CO III LLC 

SERIES 2016-1 3.360% SENIOR SECURED NOTES, CLASS A-1 

SPRINT SPECTRUM CO LLC (the “Master Issuer”), SPRINT SPECTRUM CO II LLC (“Co-Issuer II”) and
SPRINT SPECTRUM CO III LLC (“Co-Issuer III”, and together with the Master Issuer and Co-Issuer II, the “Issuers”), each a limited liability company formed under the laws of the State of Delaware, for value received,
hereby jointly and severally promise to pay to CEDE & CO. or registered assigns, up to the principal sum of [        ] DOLLARS ($[        ]) or
such other amount as reflected in the Schedule of Exchanges attached hereto as provided below and in the Indenture referred to herein. Payments of principal shall be payable in the amounts and at the times set forth in the Indenture described
herein; provided, however, that the entire unpaid principal amount of this Note shall be due on the Quarterly Payment Date occurring in March 2023 (the “Series 2016-1 Legal Final Maturity Date”). The Issuers will
pay interest on this Rule 144A Global Series 2016-1 Class A-1 Note (this “Note”) at the Series 2016-1 Class A-1 Note Rate for each Interest Accrual Period in accordance with the terms of the Indenture. Such
interest will be payable in arrears on each Quarterly Payment Date, which will be on the 20th day (or, if such 20th day is not a Business Day, the next succeeding Business Day) of each March, June, September and December, commencing
December 20, 2016 (each, a “Quarterly Payment Date”). Such interest will accrue for each Quarterly Payment Date with respect to (i) initially, the period commencing on, and including, the Series 2016-1 Closing Date
and ending on, but excluding, the Quarterly Payment Date in December 2016 and (ii) thereafter, the period commencing on, and including, the last day of the immediately prior Interest Accrual Period and ending on, but excluding, the immediately
following Quarterly Payment Date (each, an “Interest Accrual Period”). Interest with respect to the Notes (and interest on any defaulted payments of interest or principal) will be computed on the basis of a 360-day year
consisting of twelve 30-day months. 
 The principal of and interest on this Note are payable in such coin or currency
of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuers with respect to this Note shall be applied as provided in the Indenture. 

This Note is subject to mandatory and optional prepayment as set forth in the Indenture. 

  
 A-1-4 

 Interests in this Note are exchangeable or transferable in whole or in part for
interests in a Temporary Regulation S Global Note or a Permanent Regulation S Global Note; provided that such transfer or exchange complies with the applicable provisions of the Indenture relating to the transfer or exchange of the
Notes. Interests in this Note in certain circumstances may also be exchangeable or transferable in whole but not in part for duly executed and issued registered Definitive Notes; provided that such transfer or exchange complies with
Section 2.8 and Section 2.13 of the Base Indenture and Section 4.1(c) of the Series 2016-1 Supplement. 

Reference is made to the further provisions of this Note set forth on the reverse hereof, which shall have the same effect as
though fully set forth on the face of this Note. Although a summary of certain provisions of the Indenture is set forth below and on the reverse hereof and made a part hereof, this Note does not purport to summarize the Indenture and reference is
made to the Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Issuers and the Trustee. To the extent not defined herein, the
capitalized terms used herein have the meanings ascribed to them in the Indenture. 
 Subject to the next following
paragraph, the Issuers hereby certify and declare that all acts, conditions and things required to be done and performed and to have happened prior to the creation of this Note and to constitute it as the valid joint and several obligation of the
Issuers enforceable in accordance with its terms, have been done and performed and have happened in due compliance with all applicable laws and in accordance with the terms of the Indenture. 

Unless the certificate of authentication hereon has been executed by the Trustee whose name appears below by manual signature,
this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

If and to the extent that any provision of this Note limits, qualifies or conflicts with a provision of the Indenture, such
provision of the Indenture shall control. 
 [Remainder of page intentionally left blank] 

  
 A-1-5 

 IN WITNESS WHEREOF, the Issuers have caused this instrument to be signed by their
Authorized Officers. 
 Date:
                     
  

			
	 SPRINT SPECTRUM CO LLC, as

	 Master Issuer

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 SPRINT SPECTRUM CO II LLC, as

	 Co-Issuer II

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 SPRINT SPECTRUM CO III LLC, as

	 Co-Issuer III

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 A-1-6 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Notes of the Series 2016-1 Class A-1 Notes issued under the within mentioned Indenture. 

 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Trustee
		
	 By:
	 	  

		 	 Authorized Signatory

  
 A-1-7 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of Series 2016-1 Class A-1 Notes of the Issuers designated as their
Series 2016-1 3.360% Senior Secured Notes, Class A-1 (herein called the “Series 2016-1 Class A-1 Notes”), all issued under (i) the Base Indenture, dated as of October 27, 2016 (such Base Indenture, as
amended, supplemented or modified, is herein called the “Base Indenture”), by and among the Issuers and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”, which term includes any successor Trustee
under the Base Indenture) and as securities intermediary, and (ii) a Series 2016-1 Supplement to the Base Indenture, dated as of October 27, 2016 (the “Series 2016-1 Supplement”), by and among the Issuers and
Deutsche Bank Trust Company Americas, as Trustee and Securities Intermediary. The Base Indenture and the Series 2016-1 Supplement are referred to herein as the “Indenture”. The Series 2016-1 Class A-1 Notes are
subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as supplemented, modified or amended, shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented, modified or
amended. 
 The Series 2016-1 Class A-1 Notes are and will be senior secured joint and several obligations of the
Issuers and will be secured by the Collateral pledged as security therefor as provided in the Indenture. 
 The Notes will
be issued in minimum denominations of $200,000 and integral multiples of $1,000 in excess thereof (the “Authorized Minimum Denomination”). 

As provided for in the Indenture, the Series 2016-1 Class A-1 Notes may be prepaid, in whole or in part, at the
option of the Issuers. In addition, the Series 2016-1 Class A-1 Notes are subject to mandatory prepayment as provided for in the Indenture. In certain circumstances, the Issuers will be obligated to pay the Class A Make-Whole
Prepayment Premium in connection with a mandatory or optional prepayment of the Series 2016-1 Class A-1 Notes as described in the Indenture. As described above, the entire unpaid principal amount of this Note shall be due and payable on
the Series 2016-1 Legal Final Maturity Date. All payments of principal of the Series 2016-1 Class A-1 Notes will be made pro rata to the holders of Series 2016-1 Class A-1 Notes entitled thereto. 

Principal of and interest on this Note, which is payable on a Quarterly Payment Date or on any date on which payments are
permitted to be made as provided for in the Indenture shall be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the applicable Record Date or Prepayment Record Date, as the case
may be. 
 Interest will each accrue on the Series 2016-1 Class A-1 Notes at the rates set forth in the Indenture.
The interest will be computed on the basis set forth in the Indenture. The amount of interest payable on the Series 2016-1 Class A-1 Notes on each Quarterly Payment Date will be calculated as set forth in the Indenture. 

Payments of principal and interest on this Note are subordinated to the payment of certain other amounts in accordance with
the Priority of Payments. 
 If an Event of Default shall occur and be continuing, this Note may become or be declared due
and payable in the manner and with the effect provided in the Indenture. 
 Amounts payable in respect of this Note shall be
made by wire transfer of immediately available funds to the account designated by DTC or its nominee. 

  
 A-1-8 

 As provided in the Indenture and subject to certain limitations set forth
therein, the transfer of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Issuers pursuant to the Indenture, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Issuers and the Registrar duly executed by, the holder of Series 2016-1 Class A-1 Notes hereof or his or her attorney duly authorized in writing, with such signature guaranteed by
an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature
guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, and accompanied by such other documents as the Trustee may
require and as may be required by the Series 2016-1 Supplement, and thereupon one or more new Series 2016-1 Class A-1 Notes of authorized denominations in the same aggregate principal amount will be issued to the designated transferee
or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be required to pay a sum sufficient to cover any tax or other governmental charge that may be imposed in connection
with any such registration of transfer or exchange. 
 Each holder of Series 2016-1 Class A-1 Notes, by acceptance
of a Series 2016-1 Class A-1 Note, covenants and agrees by accepting the benefits of the Indenture that prior to the date that is one year (or, if longer, the applicable preference period then in effect) and one day after the payment in
full of the latest maturing note issued under the Indenture, such holder of Series 2016-1 Class A-1 Notes will not institute against, or join with any other Person in instituting against, any Securitization Entity any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law. 

It is the intent of the Issuers and each holder of Series 2016-1 Class A-1 Notes that, for United States federal,
state, local and foreign income and franchise tax purposes only, the Series 2016-1 Class A-1 Notes will evidence indebtedness of the Issuers (or, if an Issuer is treated as an entity disregarded as separate from its owner for United States
federal income tax purposes, such owner) secured by the Collateral. Each holder of Series 2016-1 Class A-1 Notes, by the acceptance of this Note, agrees to treat this Note (or beneficial interests herein) for purposes of United States
federal, state, local and foreign income or franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Issuers (or, if an Issuer is treated as an entity disregarded as separate from its owner for United States federal
income tax purposes, such owner). 
 The Indenture permits certain amendments to be made thereto without the consent of the
Control Party, the Controlling Class Representative or any holder of Series 2016-1 Class A-1 Notes, provided that certain conditions precedent are satisfied. The Indenture also permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the Issuers and the rights of the holders of Series 2016-1 Class A-1 Notes under the Indenture at any time by the Issuers with the consent of the Control Party (acting
at the direction of the Controlling Class Representative) and without the consent of any holders of Series 2016-1 Class A-1 Notes. The Indenture also contains provisions permitting the Control Party (acting at the direction of the
Controlling Class Representative) to waive compliance by the Issuers with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences without the consent of any holders of Series 2016-1
Class A-1 Notes. Any such consent or waiver of this Note (or any one or more predecessor Notes) shall be conclusive and binding upon such holders of Series 2016-1 Class A-1 Notes and upon all future holders of Series 2016-1
Class A-1 Notes of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 

  
 A-1-9 

 Each purchaser or transferee of this Note (or any interest herein) shall be
deemed to represent and warrant that either (i) it is neither a Plan (including, without limitation, an entity whose underlying assets include “plan assets” by reason of a Plan’s investment in the entity or otherwise) nor a
governmental, church, non-U.S. or other plan which is subject to any Similar Law or (ii) its acquisition, holding and disposition of this Note (or any interest herein) will not constitute or result in a non-exempt prohibited transaction
under Section 406 of ERISA or Section 4975 of the Code (or, in the case of a governmental, church, non-U.S. or other plan, a non-exempt violation under any Similar Law). 

The term “Issuers” as used in this Note includes any successor to any Issuer under the Indenture. 

The Series 2016-1 Class A-1 Notes are issuable only in registered form in denominations as provided in the
Indenture, subject to certain limitations set forth therein. 
 This Note and the Indenture shall be governed by, and
construed and interpreted in accordance with, the laws of the State of New York. 
 Notwithstanding any provision of the
Indenture or of this Note, the right of any Noteholder to bring suit for the enforcement of any payment on or after such respective due dates, is absolute and unconditional and shall not be impaired or affected without the consent of the Noteholder.

  
 A-1-10 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee:
                     
 FOR VALUE
RECEIVED, the undersigned hereby sells, assigns and transfers unto 
  
  

 
 (name and address of assignee) 

the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints
                    , attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the
premises. 
 Dated:
                     
  

			
	 By:
	 	 1

		 	 Signature Guaranteed:

		
		 	  

  
  

	1 	 NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on
the face of the within Note, without alteration, enlargement or any change whatsoever. 

  
 A-1-11 

 SCHEDULE OF EXCHANGES IN RULE 144A GLOBAL SERIES 2016-1 

CLASS A-1 NOTE 

The initial principal balance of this Rule 144A Global Series 2016-1 Class A-1 Note is
$[        ]. The following exchanges of an interest in this Rule 144A Global Series 2016-1 Class A-1 Note for an interest in a corresponding Temporary Regulation S Global
Series 2016-1 A-1 Note or a Permanent Regulation S Global Series 2016-1 Class A-1 Note have been made: 
  

							
	 Date
	 	 Amount of Increase (or

Decrease) in the Principal
 Amount of
this Rule 144A
 Global Note
	 	 Remaining Principal

Amount of this Rule 144A
 Global
Note following the
 Increase or Decrease
	 	 Signature of Authorized

Officer of Trustee or

Registrar

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

  
 A-1-12 

 EXHIBIT A-2 

THE ISSUANCE AND SALE OF THIS TEMPORARY REGULATION S GLOBAL SERIES 2016-1 CLASS A-1 NOTE (THIS
“NOTE”) HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE
OF SPRINT SPECTRUM CO LLC (THE “MASTER ISSUER”), SPRINT SPECTRUM CO II LLC (“CO-ISSUER II”) OR SPRINT SPECTRUM CO III LLC (“CO-ISSUER III”) HAVE BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT
OF 1940, AS AMENDED (THE “1940 ACT”). THIS NOTE OR ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) IN THE UNITED STATES, TO EITHER AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS
NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR AND IS BOTH A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE 1933 ACT (“RULE 144A”) (A “QUALIFIED INSTITUTIONAL
BUYER”) AND A “QUALIFIED PURCHASER” (WITHIN THE MEANING OF THE 1940 ACT) (A “QUALIFIED PURCHASER”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT
TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, EACH OF WHICH ACCOUNT IS A QUALIFIED INSTITUTIONAL BUYER, A QUALIFIED PURCHASER AND NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR OR (B) OUTSIDE THE UNITED STATES, TO AN INITIAL
PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR AND IS A QUALIFIED PURCHASER AND NOT A “U.S. PERSON” AS DEFINED IN REGULATION S UNDER THE 1933 ACT
(“REGULATION S”) (A “U.S. PERSON”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, EACH OF WHICH IS A
QUALIFIED PURCHASER, AND NONE OF WHICH IS A U.S. PERSON AND WILL PURCHASE ITS NOTE IN OFFSHORE TRANSACTIONS IN RELIANCE ON REGULATION S OR (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR, AND, IN EACH CASE, IN COMPLIANCE WITH
THE CERTIFICATIONS AND OTHER REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY OTHER RELEVANT JURISDICTION. 

BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER REPRESENTS THAT (A) IT IS NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT
EVENT) A COMPETITOR AND IS (X) A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER OR (Y) A QUALIFIED PURCHASER AND IS ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION AND IS NOT A U.S. PERSON, (B) IT IS ACTING FOR ITS OWN ACCOUNT
OR FOR THE ACCOUNT OF ANOTHER PERSON WHICH IS NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR AND IS EITHER (X) A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER OR (Y) A QUALIFIED PURCHASER AND IS NOT A
U.S. PERSON, AND IN EACH CASE WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT DISCRETION, (C) IT AND EACH ACCOUNT FOR WHICH IT IS PURCHASING WILL HOLD AND TRANSFER AT LEAST THE MINIMUM DENOMINATION OF NOTES, (D) IT UNDERSTANDS THAT
THE ISSUERS MAY RECEIVE A LIST OF PARTICIPANTS HOLDING POSITIONS IN ITS NOTES FROM ONE OR MORE BOOK-ENTRY DEPOSITORIES, (E) IT WILL PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS TO ANY SUBSEQUENT TRANSFEREES, (F) IT IS NOT A BROKER-DEALER OF
THE TYPE DESCRIBED IN PARAGRAPH (a)(1)(ii) OF RULE 144A WHICH OWNS AND INVESTS ON A DISCRETIONARY BASIS LESS THAN $25,000,000 IN SECURITIES OF ISSUERS THAT ARE NOT 

  
 A-2-1 

 
AFFILIATED WITH IT, (G) IT IS NOT A PARTICIPANT-DIRECTED EMPLOYEE PLAN, SUCH AS A 401(k) PLAN, OR ANY OTHER TYPE OF PLAN REFERRED TO IN PARAGRAPH (a)(1)(i)(D) OR (a)(1)(i)(E) OF
RULE 144A, OR A TRUST FUND REFERRED TO IN PARAGRAPH (a)(1)(i)(F) OF RULE 144A THAT HOLDS THE ASSETS OF SUCH A PLAN, (H) IT IS NOT FORMED FOR THE PURPOSE OF INVESTING IN THE ISSUERS (EXCEPT WHERE EACH BENEFICIAL OWNER IS
(X) BOTH A QUALIFIED PURCHASER AND A QUALIFIED INSTITUTIONAL BUYER OR (Y) A QUALIFIED PURCHASER AND NOT A U.S. PERSON) AND (I) IF IT IS A COMPANY EXCEPTED FROM THE DEFINITION OF “INVESTMENT COMPANY” BY
SECTION 3(c)(1) OR SECTION 3(c)(7) OF THE 1940 ACT, OR A SECTION 7(d) FOREIGN INVESTMENT COMPANY RELYING ON SECTION 3(c)(1) OR SECTION 3(c)(7) OF THE 1940 ACT WITH RESPECT TO ITS U.S. HOLDERS, AND WAS FORMED
ON OR BEFORE APRIL 30, 1996, IT HAS RECEIVED THE NECESSARY CONSENT FROM ITS BENEFICIAL OWNERS AS REQUIRED BY THE 1940 ACT. 

THE INITIAL PURCHASERS AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE WILL BE DEEMED
TO HAVE MADE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. THE INITIAL PURCHASERS AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE IN THE FORM OF AN INTEREST IN A RULE 144 A
GLOBAL NOTE OR PERMANENT REGULATION S GLOBAL NOTE WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE IN THE FORM REQUIRED BY THE INDENTURE AND WILL BE REQUIRED TO MAKE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE
INDENTURE. 
 ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING WILL BE OF NO FORCE AND EFFECT AND WILL BE VOID AB
INITIO AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASERS OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE ISSUERS, THE TRUSTEE OR ANY INTERMEDIARY. 

IF THIS NOTE WAS ACQUIRED IN THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (OTHER THAN FOLLOWING ANY RAPID PAYMENT
EVENT) A COMPETITOR OR NOT TO HAVE BEEN BOTH A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER AT THE TIME OF ACQUISITION OF THIS NOTE, THE ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER WHO IS BOTH A
QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER AND NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR. THE ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A PERSON WHO IS NOT BOTH A QUALIFIED INSTITUTIONAL BUYER
AND A QUALIFIED PURCHASER. 
 IF THIS NOTE WAS ACQUIRED OUTSIDE THE UNITED STATES, AND THE HOLDER IS DETERMINED NOT TO HAVE
BEEN A QUALIFIED PURCHASER AND NOT A U.S. PERSON AT THE TIME OF ACQUISITION OF THIS NOTE, THE ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER WHO IS A QUALIFIED PURCHASER AND NOT A U.S. PERSON NOR (OTHER THAN
FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR THE ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A PERSON WHO IS NOT A QUALIFIED PURCHASER AND NOT A U.S. PERSON OR WHO IS (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A
COMPETITOR. 

  
 A-2-2 

 UNTIL 40 DAYS AFTER THE ORIGINAL ISSUE DATE OF THE NOTES (THE
“RESTRICTED PERIOD”) IN CONNECTION WITH THE OFFERING OF THE NOTES IN THE UNITED STATES FROM OUTSIDE OF THE UNITED STATES, THE SALE, PLEDGE OR TRANSFER OF THIS NOTE IS SUBJECT TO CERTAIN CONDITIONS AND RESTRICTIONS. THE HOLDER
HEREOF, BY PURCHASING OR OTHERWISE ACQUIRING THIS NOTE, ACKNOWLEDGES THAT SUCH HOLDER IS A QUALIFIED PURCHASER AND IS NOT A U.S. PERSON AND (OTHER THAN FOLLOWING A RAPID PAYMENT EVENT) A COMPETITOR AND THAT THIS NOTE HAS NOT BEEN REGISTERED UNDER
THE 1933 ACT AND AGREES FOR THE BENEFIT OF THE ISSUERS THAT THIS NOTE MAY BE TRANSFERRED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY TO A QUALIFIED PURCHASER AND IS NOT A U.S. PERSON OR (OTHER THAN FOLLOWING A RAPID PAYMENT EVENT) A
COMPETITOR AND IN COMPLIANCE WITH THE 1933 ACT AND OTHER APPLICABLE LAWS OF THE STATES, TERRITORIES AND POSSESSIONS OF THE UNITED STATES GOVERNING THE OFFER AND SALE OF SECURITIES, AND PRIOR TO THE EXPIRATION OF THE RESTRICTED PERIOD, ONLY
(I) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE 1933 ACT OR (II) PURSUANT TO AND IN ACCORDANCE WITH RULE 144A UNDER THE 1933 ACT. 

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE
DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, 570 WASHINGTON BLVD., JERSEY CITY, NEW JERSEY 07310, OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER
OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
TO THE ISSUERS OR THE NOTE REGISTRAR, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER, CEDE & CO., HAS AN INTEREST HEREIN. 

  
 A-2-3 

 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE
OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE TRUSTEE. 

FORM OF TEMPORARY REGULATION S GLOBAL SERIES 2016-1 CLASS A-1 NOTE 

 

					
	 No. S-            
	  	 	up to $[            ]        	  

 CUSIP Number: [            ] 

ISIN Number: [            ] 

SPRINT SPECTRUM CO LLC 
 SPRINT
SPECTRUM CO II LLC 
 SPRINT SPECTRUM CO III LLC 

SERIES 2016-1 3.360% SENIOR SECURED NOTES, CLASS A-1 

SPRINT SPECTRUM CO LLC (the “Master Issuer”), SPRINT SPECTRUM CO II LLC (“Co-Issuer II”) and
SPRINT SPECTRUM CO III LLC (“Co-Issuer III” and, together with the Master Issuer and Co-Issuer II, the “Issuers”), each a limited liability company formed under the laws of the State of Delaware, for value received, hereby
jointly and severally promise to pay to CEDE & CO. or registered assigns, up to the principal sum of [        ] DOLLARS ($[        ]) or such
other amount as reflected in the Schedule of Exchanges attached hereto as provided below and in the Indenture referred to herein. Payments of principal shall be payable in the amounts and at the times set forth in the Indenture described herein;
provided, however, that the entire unpaid principal amount of this Note shall be due on the Quarterly Payment Date occurring in March 2023 (the “Series 2016-1 Legal Final Maturity Date”). The Issuers will pay
interest on this Temporary Regulation S Global Series 2016-1 Class A-1 Note (this “Note”) at the Series 2016-1 Class A-1 Note Rate for each Interest Accrual Period in accordance with the terms of the
Indenture. Such interest will be payable in arrears on each Quarterly Payment Date, which will be on the 20th day (or, if such 20th day is not a Business Day, the next succeeding Business Day) of each March, June, September and December,
commencing December 20, 2016 (each, a “Quarterly Payment Date”). Such interest will accrue for each Quarterly Payment Date with respect to (i) initially, the period commencing on, and including, the Series 2016-1
Closing Date and ending on, but excluding, the Quarterly Payment Date in December 2016 and (ii) thereafter, the period commencing on, and including, the last day of the immediately prior Interest Accrual Period and ending on, but excluding, the
immediately following Quarterly Payment Date (each, an “Interest Accrual Period”). Interest with respect to the Notes (and interest on any defaulted payments of interest or principal) will be computed on the basis of a 360-day
year consisting of twelve 30-day months. 
 The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuers with respect to this Note shall be applied as provided in the Indenture. 

This Note is subject to mandatory and optional prepayment as set forth in the Indenture. 

Interests in this Note are exchangeable or transferable in whole or in part for interests in a Rule 144A Global Note or a
Permanent Regulation S Global Note; provided that such transfer or exchange complies with the applicable provisions of the Indenture relating to the transfer or exchange of 

  
 A-2-4 

 
the Notes. Interests in this Note in certain circumstances may also be exchangeable or transferable in whole but not in part for duly executed and issued registered Definitive Notes;
provided that such transfer or exchange complies with Section 2.8 and Section 2.13 of the Base Indenture and Section 4.1(c) of the Series 2016-1 Supplement. 

Reference is made to the further provisions of this Note set forth on the reverse hereof, which shall have the same effect as
though fully set forth on the face of this Note. Although a summary of certain provisions of the Indenture is set forth below and on the reverse hereof and made a part hereof, this Note does not purport to summarize the Indenture and reference is
made to the Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Issuers and the Trustee. To the extent not defined herein, the
capitalized terms used herein have the meanings ascribed to them in the Indenture. 
 Subject to the next following
paragraph, the Issuers hereby certify and declare that all acts, conditions and things required to be done and performed and to have happened prior to the creation of this Note and to constitute it as the valid joint and several obligation of the
Issuers enforceable in accordance with its terms, have been done and performed and have happened in due compliance with all applicable laws and in accordance with the terms of the Indenture. 

Unless the certificate of authentication hereon has been executed by the Trustee whose name appears below by manual signature,
this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

If and to the extent that any provision of this Note limits, qualifies or conflicts with a provision of the Indenture, such
provision of the Indenture shall control. 
 [Remainder of page intentionally left blank] 

  
 A-2-5 

 IN WITNESS WHEREOF, the Issuers have caused this instrument to be signed by their
Authorized Officers. 
 Date:
                     
  

			
	 SPRINT SPECTRUM CO LLC, as

	     Master Issuer

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 SPRINT SPECTRUM CO II LLC, as

	     Co-Issuer II

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 SPRINT SPECTRUM CO III LLC, as

	     Co-Issuer III

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 A-2-6 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Notes of the Series 2016-1 Class A-1 Notes issued under the within mentioned Indenture. 

 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Trustee
		
	 By:
	 	  

		 	 Authorized Signatory

  
 A-2-7 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of Series 2016-1 Class A-1 Notes of the Issuers designated as their
Series 2016-1 3.360% Senior Secured Notes, Class A-1 (herein called the “Series 2016-1 Class A-1 Notes”), all issued under (i) the Base Indenture, dated as of October 27, 2016 (such Base Indenture, as
amended, supplemented or modified, is herein called the “Base Indenture”), by and among the Issuers and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”, which term includes any successor Trustee
under the Base Indenture) and as securities intermediary, and (ii) a Series 2016-1 Supplement to the Base Indenture, dated as of October 27, 2016 (the “Series 2016-1 Supplement”), by and among the Issuers and
Deutsche Bank Trust Company Americas, as Trustee and Securities Intermediary. The Base Indenture and the Series 2016-1 Supplement are referred to herein as the “Indenture”. The Series 2016-1 Class A-1 Notes are
subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as supplemented, modified or amended, shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented, modified or
amended. 
 The Series 2016-1 Class A-1 Notes are and will be senior secured joint and several obligations of the
Issuers and will be secured by the Collateral pledged as security therefor as provided in the Indenture. 
 The Notes will
be issued in minimum denominations of $200,000 and integral multiples of $1,000 in excess thereof (the “Authorized Minimum Denomination”). 

As provided for in the Indenture, the Series 2016-1 Class A-1 Notes may be prepaid, in whole or in part, at the
option of the Issuers. In addition, the Series 2016-1 Class A-1 Notes are subject to mandatory prepayment as provided for in the Indenture. In certain circumstances, the Issuers will be obligated to pay the Class A Make-Whole
Prepayment Premium in connection with a mandatory or optional prepayment of the Series 2016-1 Class A-1 Notes as described in the Indenture. As described above, the entire unpaid principal amount of this Note shall be due and payable on
the Series 2016-1 Legal Final Maturity Date. All payments of principal of the Series 2016-1 Class A-1 Notes will be made pro rata to the holders of Series 2016-1 Class A-1 Notes entitled thereto. 

Principal of and interest on this Note, which is payable on a Quarterly Payment Date or on any date on which payments are
permitted to be made as provided for in the Indenture shall be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the applicable Record Date or Prepayment Record Date, as the case
may be. 
 Interest will each accrue on the Series 2016-1 Class A-1 Notes at the rates set forth in the Indenture.
The interest will be computed on the basis set forth in the Indenture. The amount of interest payable on the Series 2016-1 Class A-1 Notes on each Quarterly Payment Date will be calculated as set forth in the Indenture. 

Payments of principal and interest on this Note are subordinated to the payment of certain other amounts in accordance with
the Priority of Payments. 
 If an Event of Default shall occur and be continuing, this Note may become or be declared due
and payable in the manner and with the effect provided in the Indenture. 
 Amounts payable in respect of this Note shall be
made by wire transfer of immediately available funds to the account designated by DTC or its nominee. 

  
 A-2-8 

 As provided in the Indenture and subject to certain limitations set forth
therein, the transfer of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Issuers pursuant to the Indenture, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Issuers and the Registrar duly executed by, the holder of Series 2016-1 Class A-1 Notes hereof or his or her attorney duly authorized in writing, with such signature guaranteed by
an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature
guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, and accompanied by such other documents as the Trustee may
require and as may be required by the Series 2016-1 Supplement, and thereupon one or more new Series 2016-1 Class A-1 Notes of authorized denominations in the same aggregate principal amount will be issued to the designated transferee
or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be required to pay a sum sufficient to cover any tax or other governmental charge that may be imposed in connection
with any such registration of transfer or exchange. 
 Each holder of Series 2016-1 Class A-1 Notes, by acceptance
of a Series 2016-1 Class A-1 Note, covenants and agrees by accepting the benefits of the Indenture that prior to the date that is one year (or, if longer, the applicable preference period then in effect) and one day after the payment in
full of the latest maturing note issued under the Indenture, such holder of Series 2016-1 Class A-1 Notes will not institute against, or join with any other Person in instituting against, any Securitization Entity any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law. 

It is the intent of the Issuers and each holder of Series 2016-1 Class A-1 Notes that, for United States federal,
state, local and foreign income and franchise tax purposes only, the Series 2016-1 Class A-1 Notes will evidence indebtedness of the Issuers (or, if an Issuer is treated as an entity disregarded as separate from its owner for United States
federal income tax purposes, such owner) secured by the Collateral. Each holder of Series 2016-1 Class A-1 Notes, by the acceptance of this Note, agrees to treat this Note (or beneficial interests herein) for purposes of United States
federal, state, local and foreign income or franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Issuers (or, if an Issuer is treated as an entity disregarded as separate from its owner for United States federal
income tax purposes, such owner). 
 The Indenture permits certain amendments to be made thereto without the consent of the
Control Party, the Controlling Class Representative or any holder of Series 2016-1 Class A-1 Notes, provided that certain conditions precedent are satisfied. The Indenture also permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the Issuers and the rights of the holders of Series 2016-1 Class A-1 Notes under the Indenture at any time by the Issuers with the consent of the Control Party (acting
at the direction of the Controlling Class Representative) and without the consent of any holders of Series 2016-1 Class A-1 Notes. The Indenture also contains provisions permitting the Control Party (acting at the direction of the
Controlling Class Representative) to waive compliance by the Issuers with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences without the consent of any holders of Series 2016-1
Class A-1 Notes. Any such consent or waiver of this Note (or any one or more predecessor Notes) shall be conclusive and binding upon such holders of Series 2016-1 Class A-1 Notes and upon all future holders of Series 2016-1
Class A-1 Notes of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 

  
 A-2-9 

 Each purchaser or transferee of this Note (or any interest herein) shall be
deemed to represent and warrant that either (i) it is neither a Plan (including, without limitation, an entity whose underlying assets include “plan assets” by reason of a Plan’s investment in the entity or otherwise) nor a
governmental, church, non-U.S. or other plan which is subject to any Similar Law or (ii) its acquisition, holding and disposition of this Note (or any interest herein) will not constitute or result in a non-exempt prohibited transaction
under Section 406 of ERISA or Section 4975 of the Code (or, in the case of a governmental, church, non-U.S. or other plan, a non-exempt violation under any Similar Law). 

The term “Issuers” as used in this Note includes any successor to any Issuer under the Indenture. 

The Series 2016-1 Class A-1 Notes are issuable only in registered form in denominations as provided in the
Indenture, subject to certain limitations set forth therein. 
 This Note and the Indenture shall be governed by, and
construed and interpreted in accordance with, the laws of the State of New York. 
 Notwithstanding any provision of the
Indenture or of this Note, the right of any Noteholder to bring suit for the enforcement of any payment on or after such respective due dates, is absolute and unconditional and shall not be impaired or affected without the consent of the Noteholder.

  
 A-2-10 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of
assignee:                                     

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 

 
  
  

(name and address of assignee) 

the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints
                    , attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the
premises. 
 Dated:                      

 

			
	 By:
	 	 1

		 	 Signature Guaranteed:

		
		 	  

  
  

	1 	 NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on
the face of the within Note, without alteration, enlargement or any change whatsoever. 

  
 A-2-11 

 SCHEDULE OF EXCHANGES IN TEMPORARY REGULATION S 

GLOBAL SERIES 2016-1 CLASS A-1 NOTE 

The initial principal balance of this Temporary Regulation S Global Series 2016-1 Class A-1 Note is
$[        ]. The following exchanges of an interest in this Temporary Regulation S Global Series 2016-1 Class A-1 Note for an interest in a corresponding Rule 144A Global
Series 2016-1 Class A-1 Note or a Permanent Regulation S Global Series 2016-1 Class A-1 Note have been made: 
  

							
	 Date
	 	 Amount of Increase (or

Decrease) in the Principal
 Amount of
this Temporary
Regulation S Global Note
	 	 Remaining Principal

Amount of this Temporary

Regulation S Global Note

following the Increase or

Decrease
	 	 Signature of Authorized

Officer of Trustee or

Registrar

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

  
 A-2-12 

 EXHIBIT A-3 

THE ISSUANCE AND SALE OF THIS PERMANENT REGULATION S GLOBAL SERIES 2016-1 CLASS A-1 NOTE (THIS
“NOTE”) HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE
OF SPRINT SPECTRUM CO LLC (THE “MASTER ISSUER”), SPRINT SPECTRUM CO II LLC (“CO-ISSUER II”) OR SPRINT SPECTRUM CO III LLC (“CO-ISSUER III”) HAVE BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT
OF 1940, AS AMENDED (THE “1940 ACT”). THIS NOTE OR ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) IN THE UNITED STATES, TO EITHER AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS
NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR AND IS BOTH A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE 1933 ACT (“RULE 144A”) (A “QUALIFIED INSTITUTIONAL
BUYER”) AND A “QUALIFIED PURCHASER” (WITHIN THE MEANING OF THE 1940 ACT) (A “QUALIFIED PURCHASER”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT
TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, EACH OF WHICH ACCOUNT IS A QUALIFIED INSTITUTIONAL BUYER, A QUALIFIED PURCHASER AND NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR OR (B) OUTSIDE THE UNITED STATES, TO AN INITIAL
PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR AND IS A QUALIFIED PURCHASER AND NOT A “U.S. PERSON” AS DEFINED IN REGULATION S UNDER THE 1933 ACT
(“REGULATION S”) (A “U.S. PERSON”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, EACH OF WHICH IS A
QUALIFIED PURCHASER, AND NONE OF WHICH IS A U.S. PERSON AND WILL PURCHASE ITS NOTE IN OFFSHORE TRANSACTIONS IN RELIANCE ON REGULATION S OR (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR, AND, IN EACH CASE, IN COMPLIANCE WITH
THE CERTIFICATIONS AND OTHER REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY OTHER RELEVANT JURISDICTION. 

BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER REPRESENTS THAT (A) IT IS NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT
EVENT) A COMPETITOR AND IS (X) A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER OR (Y) A QUALIFIED PURCHASER AND IS ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION AND IS NOT A U.S. PERSON, (B) IT IS ACTING FOR ITS OWN ACCOUNT
OR FOR THE ACCOUNT OF ANOTHER PERSON WHICH IS NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR AND IS EITHER (X) A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER OR (Y) A QUALIFIED PURCHASER AND IS NOT A
U.S. PERSON, AND IN EACH CASE WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT DISCRETION, (C) IT AND EACH ACCOUNT FOR WHICH IT IS PURCHASING WILL HOLD AND TRANSFER AT LEAST THE MINIMUM DENOMINATION OF NOTES, (D) IT UNDERSTANDS THAT
THE ISSUERS MAY RECEIVE A LIST OF PARTICIPANTS HOLDING POSITIONS IN ITS NOTES FROM ONE OR MORE BOOK-ENTRY DEPOSITORIES, (E) IT WILL PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS TO ANY SUBSEQUENT TRANSFEREES, (F) IT IS NOT A BROKER-DEALER OF
THE TYPE DESCRIBED IN PARAGRAPH (a)(1)(ii) OF RULE 144A WHICH OWNS AND INVESTS ON A DISCRETIONARY BASIS LESS THAN $25,000,000 IN SECURITIES OF ISSUERS THAT ARE NOT 

  
 A-3-1 

 
AFFILIATED WITH IT, (G) IT IS NOT A PARTICIPANT-DIRECTED EMPLOYEE PLAN, SUCH AS A 401(k) PLAN, OR ANY OTHER TYPE OF PLAN REFERRED TO IN PARAGRAPH (a)(1)(i)(D) OR (a)(1)(i)(E) OF
RULE 144A, OR A TRUST FUND REFERRED TO IN PARAGRAPH (a)(1)(i)(F) OF RULE 144A THAT HOLDS THE ASSETS OF SUCH A PLAN, (H) IT IS NOT FORMED FOR THE PURPOSE OF INVESTING IN THE ISSUERS (EXCEPT WHERE EACH BENEFICIAL OWNER IS
(X) BOTH A QUALIFIED PURCHASER AND A QUALIFIED INSTITUTIONAL BUYER OR (Y) A QUALIFIED PURCHASER AND NOT A U.S. PERSON) AND (I) IF IT IS A COMPANY EXCEPTED FROM THE DEFINITION OF “INVESTMENT COMPANY” BY
SECTION 3(c)(1) OR SECTION 3(c)(7) OF THE 1940 ACT, OR A SECTION 7(d) FOREIGN INVESTMENT COMPANY RELYING ON SECTION 3(c)(1) OR SECTION 3(c)(7) OF THE 1940 ACT WITH RESPECT TO ITS U.S. HOLDERS, AND WAS FORMED
ON OR BEFORE APRIL 30, 1996, IT HAS RECEIVED THE NECESSARY CONSENT FROM ITS BENEFICIAL OWNERS AS REQUIRED BY THE 1940 ACT. 

THE INITIAL PURCHASERS AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE WILL BE DEEMED
TO HAVE MADE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. THE INITIAL PURCHASERS AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE IN THE FORM OF AN INTEREST IN A RULE 144 A
GLOBAL NOTE WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE IN THE FORM REQUIRED BY THE INDENTURE AND WILL BE REQUIRED TO MAKE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. 

ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING WILL BE OF NO FORCE AND EFFECT AND WILL BE VOID AB INITIO AND WILL NOT
OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASERS OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE ISSUERS, THE TRUSTEE OR ANY INTERMEDIARY. 

IF THIS NOTE WAS ACQUIRED IN THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (OTHER THAN FOLLOWING ANY RAPID PAYMENT
EVENT) A COMPETITOR OR NOT TO HAVE BEEN BOTH A QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER AT THE TIME OF ACQUISITION OF THIS NOTE, THE ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER WHO IS BOTH A
QUALIFIED INSTITUTIONAL BUYER AND A QUALIFIED PURCHASER AND NOT (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR. THE ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A PERSON WHO IS NOT BOTH A QUALIFIED INSTITUTIONAL BUYER
AND A QUALIFIED PURCHASER. 
 IF THIS NOTE WAS ACQUIRED OUTSIDE THE UNITED STATES, AND THE HOLDER IS DETERMINED NOT TO HAVE
BEEN A QUALIFIED PURCHASER AND NOT A U.S. PERSON AT THE TIME OF ACQUISITION OF THIS NOTE, THE ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER WHO IS A QUALIFIED PURCHASER AND NOT A U.S. PERSON NOR (OTHER THAN
FOLLOWING ANY RAPID PAYMENT EVENT) A COMPETITOR THE ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A PERSON WHO IS NOT A QUALIFIED PURCHASER AND NOT A U.S. PERSON OR WHO IS (OTHER THAN FOLLOWING ANY RAPID PAYMENT EVENT) A
COMPETITOR. 

  
 A-3-2 

 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, 570 WASHINGTON BLVD., JERSEY CITY, NEW JERSEY 07310, OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN
PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. UNLESS THIS NOTE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE ISSUERS OR THE NOTE REGISTRAR, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER,
CEDE & CO., HAS AN INTEREST HEREIN. 

  
 A-3-3 

 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL
AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE TRUSTEE. 

FORM OF PERMANENT REGULATION S GLOBAL SERIES 2016-1 CLASS A-1 NOTE 

 

			
	 No. U-             
	  	up to $[            ]        

 CUSIP Number: [            ] 

ISIN Number: [            ] 

SPRINT SPECTRUM CO LLC 
 SPRINT
SPECTRUM CO II LLC 
 SPRINT SPECTRUM CO III LLC 

SERIES 2016-1 3.360% SENIOR SECURED NOTES, CLASS A-1 

SPRINT SPECTRUM CO LLC (the “Master Issuer”), SPRINT SPECTRUM CO II LLC (“Co-Issuer II”) and
SPRINT SPECTRUM CO III LLC (“Co-Issuer III” and, together with the Master Issuer and Co-Issuer II, the “Issuers”), each a limited liability company formed under the laws of the State of Delaware, for value received,
hereby jointly and severally promise to pay to CEDE & CO. or registered assigns, up to the principal sum of [        ] DOLLARS ($[        ]) or
such other amount as reflected in the Schedule of Exchanges attached hereto as provided below and in the Indenture referred to herein. Payments of principal shall be payable in the amounts and at the times set forth in the Indenture described
herein; provided, however, that the entire unpaid principal amount of this Note shall be due on the Quarterly Payment Date occurring in March 2023 (the “Series 2016-1 Legal Final Maturity Date”). The Issuers will
pay interest on this Permanent Regulation S Global Series 2016-1 Class A-1 Note (this “Note”) at the Series 2016-1 Class A-1 Note Rate for each Interest Accrual Period in accordance with the terms of the
Indenture. Such interest will be payable in arrears on each Quarterly Payment Date, which will be on the 20th day (or, if such 20th day is not a Business Day, the next succeeding Business Day) of each March, June, September and December,
commencing December 20, 2016 (each, a “Quarterly Payment Date”). Such interest will accrue for each Quarterly Payment Date with respect to (i) initially, the period commencing on, and including, the Series 2016-1
Closing Date and ending on, but excluding, the Quarterly Payment Date in December 2016 and (ii) thereafter, the period commencing on, and including, the last day of the immediately prior Interest Accrual Period and ending on, but excluding, the
immediately following Quarterly Payment Date (each, an “Interest Accrual Period”). Interest with respect to the Notes (and interest on any defaulted payments of interest or principal) will be computed on the basis of a 360-day
year consisting of twelve 30-day months. 
 The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuers with respect to this Note shall be applied as provided in the Indenture. 

This Note is subject to mandatory and optional prepayment as set forth in the Indenture. 

  
 A-3-4 

 Interests in this Note are exchangeable or transferable in whole or in part for
interests in a Rule 144A Global Note; provided that such transfer or exchange complies with the applicable provisions of the Indenture relating to the transfer or exchange of the Notes. Interests in this Note in certain circumstances may
also be exchangeable or transferable in whole but not in part for duly executed and issued registered Definitive Notes; provided that such transfer or exchange complies with Section 2.8 and Section 2.13 of the Base Indenture and
Section 4.1(c) of the Series 2016-1 Supplement. 
 Reference is made to the further provisions of this Note set
forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Note. Although a summary of certain provisions of the Indenture is set forth below and on the reverse hereof and made a part hereof, this
Note does not purport to summarize the Indenture and reference is made to the Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the
Issuers and the Trustee. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to them in the Indenture. 

Subject to the next following paragraph, the Issuers hereby certify and declare that all acts, conditions and things required
to be done and performed and to have happened prior to the creation of this Note and to constitute it as the valid joint and several obligation of the Issuers enforceable in accordance with its terms, have been done and performed and have happened
in due compliance with all applicable laws and in accordance with the terms of the Indenture. 
 Unless the certificate of
authentication hereon has been executed by the Trustee whose name appears below by manual signature, this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose.

 If and to the extent that any provision of this Note limits, qualifies or conflicts with a provision of the Indenture,
such provision of the Indenture shall control. 
 [Remainder of page intentionally left blank] 

  
 A-3-5 

 IN WITNESS WHEREOF, the Issuers have caused this instrument to be signed by their
Authorized Officers. 
 Date:
                     
  

			
	 SPRINT SPECTRUM CO LLC, as

	 Master Issuer

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 SPRINT SPECTRUM CO II LLC, as

	 Co-Issuer II

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 SPRINT SPECTRUM CO III LLC, as

	 Co-Issuer III

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 A-3-6 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Notes of the Series 2016-1 Class A-1 Notes issued under the within mentioned Indenture. 

 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Trustee
		
	 By:
	 	  

		 	 Authorized Signatory

  
 A-3-7 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of Series 2016-1 Class A-1 Notes of the Issuers designated as their
Series 2016-1 3.360% Senior Secured Notes, Class A-1 (herein called the “Series 2016-1 Class A-1 Notes”), all issued under (i) the Base Indenture, dated as of October 27, 2016 (such Base Indenture, as
amended, supplemented or modified, is herein called the “Base Indenture”), by and among the Issuers and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”, which term includes any successor Trustee
under the Base Indenture) and as securities intermediary, and (ii) a Series 2016-1 Supplement to the Base Indenture, dated as of October 27, 2016 (the “Series 2016-1 Supplement”), by and among the Issuers and
Deutsche Bank Trust Company Americas, as Trustee and Securities Intermediary. The Base Indenture and the Series 2016-1 Supplement are referred to herein as the “Indenture”. The Series 2016-1 Class A-1 Notes are
subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as supplemented, modified or amended, shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented, modified or
amended. 
 The Series 2016-1 Class A-1 Notes are and will be senior secured joint and several obligations of the
Issuers and will be secured by the Collateral pledged as security therefor as provided in the Indenture. 
 The Notes will
be issued in minimum denominations of $200,000 and integral multiples of $1,000 in excess thereof (the “Authorized Minimum Denomination”). 

As provided for in the Indenture, the Series 2016-1 Class A-1 Notes may be prepaid, in whole or in part, at the
option of the Issuers. In addition, the Series 2016-1 Class A-1 Notes are subject to mandatory prepayment as provided for in the Indenture. In certain circumstances, the Issuers will be obligated to pay the Class A Make-Whole
Prepayment Premium in connection with a mandatory or optional prepayment of the Series 2016-1 Class A-1 Notes as described in the Indenture. As described above, the entire unpaid principal amount of this Note shall be due and payable on
the Series 2016-1 Legal Final Maturity Date. All payments of principal of the Series 2016-1 Class A-1 Notes will be made pro rata to the holders of Series 2016-1 Class A-1 Notes entitled thereto. 

Principal of and interest on this Note, which is payable on a Quarterly Payment Date or on any date on which payments are
permitted to be made as provided for in the Indenture shall be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the applicable Record Date or Prepayment Record Date, as the case
may be. 
 Interest will each accrue on the Series 2016-1 Class A-1 Notes at the rates set forth in the Indenture.
The interest will be computed on the basis set forth in the Indenture. The amount of interest payable on the Series 2016-1 Class A-1 Notes on each Quarterly Payment Date will be calculated as set forth in the Indenture. 

Payments of principal and interest on this Note are subordinated to the payment of certain other amounts in accordance with
the Priority of Payments. 
 If an Event of Default shall occur and be continuing, this Note may become or be declared due
and payable in the manner and with the effect provided in the Indenture. 
 Amounts payable in respect of this Note shall be
made by wire transfer of immediately available funds to the account designated by DTC or its nominee. 

  
 A-3-8 

 As provided in the Indenture and subject to certain limitations set forth
therein, the transfer of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Issuers pursuant to the Indenture, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Issuers and the Registrar duly executed by, the holder of Series 2016-1 Class A-1 Notes hereof or his or her attorney duly authorized in writing, with such signature guaranteed by
an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature
guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, and accompanied by such other documents as the Trustee may
require and as may be required by the Series 2016-1 Supplement, and thereupon one or more new Series 2016-1 Class A-1 Notes of authorized denominations in the same aggregate principal amount will be issued to the designated transferee
or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be required to pay a sum sufficient to cover any tax or other governmental charge that may be imposed in connection
with any such registration of transfer or exchange. 
 Each holder of Series 2016-1 Class A-1 Notes, by acceptance
of a Series 2016-1 Class A-1 Note, covenants and agrees by accepting the benefits of the Indenture that prior to the date that is one year (or, if longer, the applicable preference period then in effect) and one day after the payment in
full of the latest maturing note issued under the Indenture, such holder of Series 2016-1 Class A-1 Notes will not institute against, or join with any other Person in instituting against, any Securitization Entity any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law. 

It is the intent of the Issuers and each holder of Series 2016-1 Class A-1 Notes that, for United States federal,
state, local and foreign income and franchise tax purposes only, the Series 2016-1 Class A-1 Notes will evidence indebtedness of the Issuers (or, if an Issuer is treated as an entity disregarded as separate from its owner for United States
federal income tax purposes, such owner) secured by the Collateral. Each holder of Series 2016-1 Class A-1 Notes, by the acceptance of this Note, agrees to treat this Note (or beneficial interests herein) for purposes of United States
federal, state, local and foreign income or franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Issuers (or, if an Issuer is treated as an entity disregarded as separate from its owner for United States federal
income tax purposes, such owner). 
 The Indenture permits certain amendments to be made thereto without the consent of the
Control Party, the Controlling Class Representative or any holder of Series 2016-1 Class A-1 Notes, provided that certain conditions precedent are satisfied. The Indenture also permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the Issuers and the rights of the holders of Series 2016-1 Class A-1 Notes under the Indenture at any time by the Issuers with the consent of the Control Party (acting
at the direction of the Controlling Class Representative) and without the consent of any holders of Series 2016-1 Class A-1 Notes. The Indenture also contains provisions permitting the Control Party (acting at the direction of the
Controlling Class Representative) to waive compliance by the Issuers with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences without the consent of any holders of Series 2016-1
Class A-1 Notes. Any such consent or waiver of this Note (or any one or more predecessor Notes) shall be conclusive and binding upon such holders of Series 2016-1 Class A-1 Notes and upon all future holders of Series 2016-1
Class A-1 Notes of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 

  
 A-3-9 

 Each purchaser or transferee of this Note (or any interest herein) shall be
deemed to represent and warrant that either (i) it is neither a Plan (including, without limitation, an entity whose underlying assets include “plan assets” by reason of a Plan’s investment in the entity or otherwise) nor a
governmental, church, non-U.S. or other plan which is subject to any Similar Law or (ii) its acquisition, holding and disposition of this Note (or any interest herein) will not constitute or result in a non-exempt prohibited transaction
under Section 406 of ERISA or Section 4975 of the Code (or, in the case of a governmental, church, non-U.S. or other plan, a non-exempt violation under any Similar Law). 

The term “Issuers” as used in this Note includes any successor to any Issuer under the Indenture. 

The Series 2016-1 Class A-1 Notes are issuable only in registered form in denominations as provided in the
Indenture, subject to certain limitations set forth therein. 
 This Note and the Indenture shall be governed by, and
construed and interpreted in accordance with, the laws of the State of New York. 
 Notwithstanding any provision of the
Indenture or of this Note, the right of any Noteholder to bring suit for the enforcement of any payment on or after such respective due dates, is absolute and unconditional and shall not be impaired or affected without the consent of the Noteholder.

  
 A-3-10 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee:
                     
 FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto 
  
  

 
 (name and address of assignee) 

the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints
                    , attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the
premises. 
 Dated:                      

 

			
	 By:
	 	 1

		 	 Signature Guaranteed:

		
		 	  

  
  

	1 	 NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on
the face of the within Note, without alteration, enlargement or any change whatsoever. 

 SCHEDULE OF EXCHANGES IN PERMANENT REGULATION S 

GLOBAL SERIES 2016-1 CLASS A-1 NOTE 

The initial principal balance of this Permanent Regulation S Global Series 2016-1 Class A-1 Note is
$[        ]. The following exchanges of an interest in this Permanent Regulation S Global Series 2016-1 Class A-1 Note for an interest in a corresponding Rule 144A Global
Series 2016-1 Class A-1 Note or a Temporary Regulation S Global Series 2016-1 Class A-1 Note have been made: 
  

							
	 Date
	 	 Amount of Increase (or

Decrease) in the Principal
 Amount of
this Temporary
Regulation S Global Note
	 	 Remaining Principal

Amount of this Temporary

Regulation S Global Note

following the Increase or

Decrease
	 	 Signature of Authorized

Officer of Trustee or

Registrar

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

	  
	 	  
	 	  
	 	  

 EXHIBIT B-1 

FORM OF TRANSFER CERTIFICATE FOR TRANSFERS 

OF INTERESTS IN RULE 144A GLOBAL NOTES TO 

INTERESTS IN TEMPORARY REGULATION S GLOBAL NOTES 

Deutsche Bank Trust Company Americas, 

    as Trustee 

60 Wall Street, 16th Floor, Mail Stop NYC60-1625 

New York, NY 10005 

Attention: Lou Bodi – Deal ID SPRT 16 
  

	Re:	 Sprint Spectrum Co LLC, Sprint Spectrum Co II LLC and Sprint Spectrum Co III LLC $3,500,000,000
Series 2016-1 3.360% Senior Secured Notes, Class A-1 (the “Notes”) 

 Reference
is hereby made to (i) the Base Indenture, dated as of October 27, 2016 (the “Base Indenture”), by and among Sprint Spectrum Co LLC (the “Master Issuer”), Sprint Spectrum Co II LLC (“Co-Issuer
II”) and Sprint Spectrum Co III LLC (“Co-Issuer III” and, together with the Master Issuer and Co-Issuer II, the “Issuers”), as issuers, and Deutsche Bank Trust Company Americas, as trustee (the
“Trustee”) and as securities intermediary (the “Securities Intermediary”), and (ii) the Series 2016-1 Supplement to the Base Indenture, dated as of October 27, 2016, (the “Supplement”
and, together with the Base Indenture, the “Indenture”), by and among the Issuers and Deutsche Bank Trust Company Americas, as Trustee and Securities Intermediary. Capitalized terms used but not defined herein shall have the
meanings assigned to them pursuant to the Indenture. 
 This certificate relates to
U.S. $[        ] aggregate principal amount of Notes, which are held in the form of an interest in a Rule 144A Global Note with DTC (CUSIP (CINS) No.
[                    ]) in the name of
[                    ] [name of transferor] (the “Transferor”), who wishes to effect the transfer of such Notes in exchange
for an equivalent beneficial interest in a Temporary Regulation S Global Note in the name of [                    ] [name of transferee]
(the “Transferee”). 
 In connection with such request, and in respect of such Notes, the Transferee does
hereby certify that such Notes are being transferred (i) in accordance with the transfer restrictions set forth in the Indenture and the Offering Memorandum dated October 20, 2016, relating to the Notes, (ii) pursuant to an exemption
from registration under the Securities Act of 1933, as amended (the “1933 Act”), and in accordance with any applicable securities laws of any state of the United States or any other jurisdiction and (iii) to a Person
(other than following any Rapid Payment Event) who is not a Competitor. 
 In addition, the Transferee hereby represents,
warrants and covenants for the benefit of the Issuers, the Registrar and the Trustee that: 
 1. the Transferee is a
Qualified Purchaser within the meaning of Section 2(a)(51) of the 1940 Act; 
 2. the offer of the Notes was not
made to a Person in the United States; 
 3. at the time the buy order was originated, the Transferee was outside the United
States; 
 4. no directed selling efforts have been made in contravention of the requirements of Rule 903(a)
or 904(a) of Regulation S, as applicable; 

  
 B-1-1 

 5. the transaction is not part of a plan or scheme to evade the registration
requirements of the 1933 Act, and the Transferee is aware that the sale to it is being made in reliance on an exemption from the registration requirements of the 1933 Act provided by Regulation S and in reliance on
Section 3(c)(7) of the 1940 Act; 
 6. the Transferee is not a U.S. person (as defined in Regulation S);

 7. if the sale is made during a restricted period and the provisions of Rule 903(b)(2) or (3) or
Rule 904(b)(1) of Regulation S are applicable thereto, the Transferee confirms that such sale has been made in accordance with the applicable provisions of Rule 903(b)(2) or (3) or Rule 904(b)(1), as the case may be; 

8. the Transferee is acquiring the Notes for its own account or the account of another person, who is a Qualified Purchaser
and is not a U.S. Person, with respect to which it exercises sole investment discretion; 
 9. the Transferee is not
purchasing such Series 2016-1 Class A Notes with a view to the resale, distribution or other disposition thereof in the United States or to a U.S. Person; 

10. the Transferee is not a broker-dealer of the type described in paragraph (a)(1)(ii) of Rule 144A that owns and
invests on a discretionary basis less than $25,000,000 in securities of unaffiliated issuers; 
 11. the Transferee is not
formed for the purpose of investing in the Notes, except where each beneficial owner is a Qualified Purchaser and not a U.S. Person; 

12. the Transferee will, and each account for which it is purchasing will, hold and transfer at least the minimum denomination
of Notes; 
 13. the Transferee understands that the Manager, the Issuers and Back-Up Manager may receive a list of
participants holding positions in the Notes from one or more book-entry depositories; 

14. the Transferee understands that the Manager, the Issuers and Back-Up Manager may receive (i) a list of Note Owners
that have requested access to the Trustee’s password-protected website or that have voluntarily registered as a Note Owner with the Trustee and (ii) copies of Noteholder confirmations of representations and warranties executed to obtain
access to the Trustee’s password-protected website; 
 15. the Transferee will provide to each person to whom it
transfers Notes notices of any restrictions on transfer of such Notes; 
 16. the Transferee is not a participant-directed
employee plan, such as a 401(k) plan, or any other type of plan referred to in paragraph (a)(1)(i)(D) or (a)(1)(i)(E) of Rule 144A, or a trust fund referred to in paragraph (a)(1)(i)(F) of Rule 144A that holds the assets of
such a plan; 
 17. if the Transferee is a Section 3(c)(1) or Section 3(c)(7) investment company, or a
Section 7(d) foreign investment company relying on Section 3(c)(1) or Section 3(c)(7) of the 1940 Act with respect to its U.S. holders, and was formed on or before April 30,1996, it has received the necessary consent
from its beneficial owners as required by the 1940 Act; 

  
 B-1-2 

 18. it is not (other than following any Rapid Payment Event) a Competitor; 

19. either (i) it is neither a Plan (including, without limitation, an entity whose underlying assets include “plan
assets” by reason of a Plan’s investment in the entity or otherwise) nor a governmental, church, non-U.S. or other plan which is subject to any Similar Law or (ii) its acquisition, holding and disposition of the Note (or any
interest therein) will not constitute a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or, in the case of a governmental, church, non-U.S. or other plan, a non-exempt violation under any
Similar Law; and 
 20. it is: 

☐ (check if applicable) a “United States person” within the meaning of Section 7701(a)(30) of the
Internal Revenue Code of 1986, as amended (the “Code”) and a properly completed and signed Internal Revenue Service (“IRS”) Form W-9 (or applicable successor form) is attached hereto; or 

☐ (check if applicable) not a “United States person” within the meaning of Section 7701(a)(30) of the
Code and a properly completed and signed IRS Form W-8 (or applicable successor form) is attached hereto. 
 The
representations made pursuant to clause 7 above shall be deemed to be made on each day from the date the Transferee acquires any interest in any Note through and including the date on which such Transferee disposes of its interest in the
applicable Note. The Transferee agrees to provide prompt written notice to the Issuers, the Registrar and the Trustee of any change of the status of the Transferee that would cause it to breach the representations made in clause 7 above. The
Transferee further agrees to indemnify and hold harmless the Issuers, the Trustee, the Registrar and the initial purchasers and their respective affiliates from any cost, damage or loss incurred by them as a result of the inaccuracy or breach of the
foregoing representations, warranties and agreements in this clause and clause 7 above. Any purported transfer of the Notes (or interest therein) that does not comply with the requirements of this clause and clause 7 above shall be null
and void ab initio. 
 The Transferee understands that the Issuers, the Trustee, the Registrar and their respective
counsel will rely upon the accuracy and truth of the foregoing representations, and are irrevocably authorized to produce this certificate or a copy thereof to any interested party in any administrative or legal proceeding or official inquiry with
respect to the matters covered hereby, and the Transferee hereby consents to such reliance and authorization. 
  

			
	 [Name of Transferee]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 Dated:             ,
         
  

			
	 Taxpayer Identification Number:

Wire Instructions for Payments:
	  	 Address for Notices:

	 Bank:
                                        

	  	
	 Address:
                                   
	  	 Tel:
                                        

 Fax:
                                        

	 Bank ABA #:
                           
	  
	 Account No.:
                           
	  

  

  
 B-1-3 

			
	 FAO:
                                        

	  	 Attn.:
                                        

	 Attention:
                                
	  	

 Registered Name (if Nominee): 

 

	cc:	 Sprint Spectrum Co LLC 

Sprint Spectrum Co II LLC 

Sprint Spectrum Co III LLC 

c/o Sprint Corporation 

6200 Sprint Parkway 

Overland Park, Kansas 66251 

Attention: VP Corporate Planning and Treasury 

Facsimile: 913-523-9862 

  
 B-1-4 

 EXHIBIT B-2 

FORM OF TRANSFER CERTIFICATE FOR TRANSFERS 

OF INTERESTS IN RULE 144A GLOBAL NOTES TO 

INTERESTS IN PERMANENT REGULATION S GLOBAL NOTES 

Deutsche Bank Trust Company Americas, 

    as Trustee 

60 Wall Street, 16th Floor, Mail Stop NYC60-1625 

New York, NY 10005 

Attention: Lou Bodi – Deal ID SPRT 16 
  

	Re:	 Sprint Spectrum Co LLC, Sprint Spectrum Co II LLC and Sprint Spectrum Co III LLC $3,500,000,000
Series 2016-1 3.360% Senior Secured Notes, Class A-1 (the “Notes”) 

 Reference
is hereby made to (i) the Base Indenture, dated as of October 27, 2016 (the “Base Indenture”), between Sprint Spectrum Co LLC (the “Master Issuer”), Sprint Spectrum Co II LLC (“Co-Issuer
II”) and Sprint Spectrum Co III LLC (“Co-Issuer III” and, together with the Master Issuer and Co-Issuer II, the “Issuers”) as issuers, and Deutsche Bank Trust Company Americas, as trustee (the
“Trustee”) and as Securities Intermediary, and (ii) the Series 2016-1 Supplement to the Base Indenture, dated as of October 27, 2016 (the “Supplement” and, together with the Base Indenture, the
“Indenture”), among the Issuers, the Trustee and Deutsche Bank Trust Company Americas, as Series 2016-1 Securities Intermediary. Capitalized terms used but not defined herein shall have the meanings assigned to them pursuant to
the Indenture. 
 This certificate relates to U.S. $[        ] aggregate
principal amount of Notes, which are held in the form of an interest in a Rule 144A Global Note with DTC (CUSIP (CINS) No.
[                    ]) in the name of
[                    ] [name of transferor] (the “Transferor”), who wishes to effect the transfer of such Notes in exchange
for an equivalent beneficial interest in an Permanent Regulation S Global Note in the name of [                    ] [name of transferee]
(the “Transferee”). 
 In connection with such request, and in respect of such Notes, the Transferee does
hereby certify that such Notes are being transferred (i) in accordance with the transfer restrictions set forth in the Indenture and the Offering Memorandum dated October 20, 2016, relating to the Notes, (ii) pursuant to an exemption
from registration under the Securities Act of 1933, as amended (the “1933 Act”), and in accordance with any applicable securities laws of any state of the United States or any other jurisdiction and (iii) to a Person
(other than following any Rapid Payment Event) who is not a Competitor. 
 In addition, the Transferee hereby represents,
warrants and covenants for the benefit of the Issuers, the Registrar and the Trustee that : 
 1. the Transferee is a
Qualified Purchaser within the meaning of Section 2(a)(51) of the 1940 Act; 
 2. the offer of the Notes was not
made to a Person in the United States; 
 3. at the time the buy order was originated, the Transferee was outside the United
States; 

  
 B-2-1 

 4. no directed selling efforts have been made in contravention of the
requirements of Rule 903(a) or 904(a) of Regulation S, as applicable; 
 5. the transaction is not part of a
plan or scheme to evade the registration requirements of the 1933 Act, and the Transferee is aware that the sale to it is being made in reliance on an exemption from the registration requirements of the 1933 Act provided by
Regulation S and in reliance on Section 3(c)(7) of the 1940 Act; 
 6. the Transferee is not a
U.S. person (as defined in Regulation S); 
 7. the Transferee is acquiring the Notes for its own account or the
account of another person, who is a Qualified Purchaser and is not a U.S. Person, with respect to which it exercises sole investment discretion; 

8. the Transferee is not purchasing such Series 2016-1 Class A Notes with a view to the resale, distribution or
other disposition thereof in the United States or to a U.S. Person; 
 9. the Transferee is not a broker-dealer of the
type described in paragraph (a)(1)(ii) of Rule 144A that owns and invests on a discretionary basis less than $25,000,000 in securities of unaffiliated issuers; 

10. the Transferee is not formed for the purpose of investing in the Notes, except where each beneficial owner is a Qualified
Purchaser and neither a U.S. Person; 
 11. the Transferee will, and each account for which it is purchasing will, hold
and transfer at least the minimum denomination of Notes; 
 12. the Transferee understands that the Manager, the Issuers and
Back-Up Manager may receive a list of participants holding positions in the Notes from one or more book-entry depositories; 

13. the Transferee understands that the Manager, the Issuers and Back-Up Manager may receive (i) a list of Note Owners
that have requested access to the Trustee’s password-protected website or that have voluntarily registered as a Note Owner with the Trustee and (ii) copies of Noteholder confirmations of representations and warranties executed to obtain
access to the Trustee’s password-protected website; 
 14. the Transferee will provide to each person to whom it
transfers Notes notices of any restrictions on transfer of such Notes; 
 15. the Transferee is not a participant-directed
employee plan, such as a 401(k) plan, or any other type of plan referred to in paragraph (a)(1)(i)(D) or (a)(1)(i)(E) of Rule 144A, or a trust fund referred to in paragraph (a)(1)(i)(F) of Rule 144A that holds the assets of
such a plan; 
 16. if the Transferee is a Section 3(c)(1) or Section 3(c)(7) investment company, or a
Section 7(d) foreign investment company relying on Section 3(c)(1) or Section 3(c)(7) of the 1940 Act with respect to its U.S. holders, and was formed on or before April 30, 1996, it has received the necessary consent
from its beneficial owners as required by the 1940 Act; 
 17. it is not (other than following any Rapid Payment Event)
a Competitor; 

  
 B-2-2 

 18. either (i) it is neither a Plan (including, without limitation, an
entity whose underlying assets include “plan assets” by reason of a Plan’s investment in the entity or otherwise) nor a governmental, church, non-U.S. or other plan which is subject to any Similar Law or (ii) its
acquisition, holding and disposition of the Note (or any interest therein) will not constitute a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or, in the case of a governmental, church,
non-U.S. or other plan, a non-exempt violation under any Similar Law; and 
 19. it is: 

☐ (check if applicable) a “United States person” within the meaning of Section 7701(a)(30) of the
Internal Revenue Code of 1986, as amended (the “Code”) and a properly completed and signed Internal Revenue Service (“IRS”) Form W-9 (or applicable successor form) is attached hereto; or 

☐ (check if applicable) not a “United States person” within the meaning of Section 7701(a)(30) of the
Code and a properly completed and signed IRS Form W-8 (or applicable successor form) is attached hereto. 
 The
Transferee understands that the Issuers, the Trustee, the Registrar and their respective counsel will rely upon the accuracy and truth of the foregoing representations, and are irrevocably authorized to produce this certificate or a copy thereof to
any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby, and the Transferee hereby consents to such reliance and authorization. 

 

			
	 [Name of Transferee]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 Dated:             ,
         
  

			
	 Taxpayer Identification Number:

Wire Instructions for Payments:
	  	Address for Notices:
	 Bank:
                                         
   
	  	
	 Address:
                                       

	  	
	 Bank ABA #:
                               
	  	Tel:
                                         

	 Account No.:
                                 
	  	Fax:
                                        

	 FAO:
                                         
   
	  	Attn.:
                                      
	 Attention:
                                     
	  	
		
	 Registered Name (if Nominee):
	  	

  

			
	 cc:    Sprint Spectrum Co LLC

Sprint Spectrum Co II LLC

Sprint Spectrum Co III LLC

c/o Sprint Corporation

6200 Sprint Parkway

Overland Park, Kansas 66251

Attention: VP Corporate Planning and Treasury

	
	 Facsimile: 913-523-9862

  
 B-2-3 

 EXHIBIT B-3 

FORM OF TRANSFER CERTIFICATE FOR TRANSFERS 

OF INTERESTS IN TEMPORARY REGULATION S GLOBAL NOTES OR 

PERMANENT REGULATION S GLOBAL NOTES TO PERSONS TAKING DELIVERY IN 

THE FORM OF AN INTEREST IN A RULE 144A GLOBAL NOTE 

Deutsche Bank Trust Company Americas, 

    as Trustee 

60 Wall Street, 16th Floor, Mail Stop NYC60-1625 

New York, NY 10005 

Attention: Lou Bodi – Deal ID SPRT 16 
  

	Re:	 Sprint Spectrum Co LLC, Sprint Spectrum Co II LLC and Sprint Spectrum Co III LLC $3,500,000,000
Series 2016-1 3.360% Senior Secured Notes, Class A-1 (the “Notes”) 

 Reference
is hereby made to (i) the Base Indenture, dated as of October 27, 2016 (the “Base Indenture”), between Sprint Spectrum Co LLC (the “Master Issuer”), Sprint Spectrum Co II LLC (“Co-Issuer
II”) and Sprint Spectrum Co III LLC (“Co-Issuer III” and, together with the Master Issuer and Co-Issuer II, the “Issuers”) as issuers, and Deutsche Bank Trust Company Americas, as trustee (the
“Trustee”) and as securities intermediary, and (ii) the Series 2016-1 Supplement to the Base Indenture, dated as of October 27, 2016 (the “Supplement” and, together with the Base Indenture, the
“Indenture”), among the Issuers, the Trustee and Deutsche Bank Trust Company Americas, as Series 2016-1 Securities Intermediary. Capitalized terms used but not defined herein shall have the meanings assigned to them pursuant to
the Indenture. 
 This certificate relates to U.S. $[        ] aggregate
principal amount of Notes which are held in the form of [an interest in a Temporary Regulation S Global Note with DTC] [an interest in an Permanent Regulation S Global Note with DTC] (CUSIP (CINS) No.
[                    ]) in the name of
[                    ] [name of transferor] (the “Transferor”), who wishes to effect the transfer of such Notes in exchange
for an equivalent beneficial interest in a Rule 144A Global Note in the name of [                    ] [name of transferee] (the
“Transferee”). 
 In connection with such request, and in respect of such Notes, the Transferee does hereby
certify that such Notes are being transferred in accordance with (i) the applicable transfer restrictions set forth in the Indenture and the Offering Memorandum dated October 20, 2016, relating to the Notes and (ii) Rule 144A
under the Securities Act of 1933, as amended, (the “1933 Act”) and any applicable securities laws of any state of the United States or any other jurisdiction, and (iii) to a Person (other than following any Rapid Payment
Event) who is not a Competitor, and that the Transferee is purchasing the Notes for its own account or one or more accounts with respect to which the Transferee exercises sole investment discretion, and the Transferee and any such account represent,
warrant and agree as follows: 
 1. It is (a) a Qualified Institutional Buyer and a Qualified Purchaser, (b) aware
that the sale to it is being made in reliance on Rule 144A and in reliance on Section 3(c)(7) of the 1940 Act and (c) acquiring such Notes for its own account or for the account of another person who is a Qualified Institutional
Buyer and a Qualified Purchaser with respect to which it exercises sole investment discretion. 
 2. It is not a
broker-dealer of the type described in paragraph (a)(1)(ii) of Rule 144A that owns and invests on a discretionary basis less than $25,000,000 in securities of unaffiliated issuers. 

  
 B-3-1 

 3. It is not formed for the purpose of investing in the Notes, except where each
beneficial owner is a Qualified Institutional Buyer and a Qualified Purchaser (for Notes acquired in the United States) or a Qualified Purchaser and not a U.S. person (as defined in Regulation S) (for Notes acquired outside the United
States). 
 4. It will, and each account for which it is purchasing will, hold and transfer at least the minimum
denomination of Notes. 
 5. It understands that the Manager, the Issuers and Back-Up Manager may receive a list of
participants holding positions in the Notes from one or more book-entry depositories. 
 6. It understands that the Manager,
the Issuers and Back-Up Manager may receive (i) a list of Note Owners that have requested access to the Trustee’s password-protected website or that have voluntarily registered as a Note Owner with the Trustee and (ii) copies of
Noteholder confirmations of representations and warranties executed to obtain access to the Trustee’s password-protected website. 

7. It will provide to each person to whom it transfers Notes notices of any restrictions on transfer of such Notes. 

8. It is not a participant-directed employee plan, such as a 401(k) plan, or any other type of plan referred to in
paragraph (a)(1)(i)(D) or (a)(1)(i)(E) of Rule 144A, or a trust fund referred to in paragraph (a)(1)(i)(F) of Rule 144A that holds the assets of such a plan. 

9. If it is a Section 3(c)(1) or Section 3(c)(7) investment company, or a Section 7(d) foreign investment
company relying on Section 3(c)(1) or Section 3(c)(7) of the 1940 Act with respect to its U.S. holders, and was formed on or before April 30, 1996, it has received the necessary consent from its beneficial owners as required
by the 1940 Act. 
 10. It is not (other than following any Rapid Payment Event) a Competitor. 

The Transferee hereby certifies that it is: 

☐ (check if applicable) a “United States person” within the meaning of Section 7701(a)(30) of the
Internal Revenue Code of 1986, as amended (the “Code”) and a properly completed and signed Internal Revenue Service (“IRS”) Form W-9 (or applicable form) is attached hereto; or 

☐ (check if applicable) not a “United States person” within the meaning of Section 7701(a)(30) of the
Code and a properly signed IRS Form W-8 (or applicable successor form) is attached hereto. 
 The Transferee represents
and warrants that either (i) it is neither a Plan (including, without limitation, an entity whose underlying assets include “plan assets” by reason of a Plan’s investment in the entity or otherwise) nor a governmental, church,
non-U.S. or other plan which is subject to any Similar Law or (ii) its acquisition, holding and disposition of the Series 2016-1 Class A Notes (or any interest therein) will not constitute a non-exempt prohibited transaction under
Section 406 of ERISA or Section 4975 of the Code or, in the case of a governmental, church, non-U.S. or other plan, a non-exempt violation under any Similar Law. 

The representations made pursuant to the preceding paragraphs shall be deemed to be made on each day from the date the
Transferee acquires any interest in any Note through and including 

  
 B-3-2 

 
the date on which such Transferee disposes of its interest in the applicable Note. The Transferee agrees to provide prompt written notice to the Issuers, the Registrar and the Trustee of any
change of the status of the Transferee that would cause it to breach the representations made in the preceding paragraph. The Transferee further agrees to indemnify and hold harmless the Issuers, the Registrar, the Trustee and the initial purchasers
and their respective affiliates from any cost, damage or loss incurred by them as a result of the inaccuracy or breach of the foregoing representations, warranties and agreements. Any purported transfer of the applicable Notes (or interests therein)
that does not comply with the requirements of this paragraph and the preceding paragraph shall be null and void ab initio. 

The Transferee understands that the Issuers, the Trustee, the Registrar and their respective counsel will rely upon the
accuracy and truth of the foregoing representations, and are irrevocably authorized to produce this certificate or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to any matter
covered hereby, and the Transferee hereby consents and agrees to such reliance and authorization. 
  

			
	 [Name of Transferee]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 Dated:             ,
         
  

			
	 Taxpayer Identification Number:

Wire Instructions for Payments:
	  	Address for Notices:
	 Bank:
                                         
   
	  	
	 Address:
                                       

	  	
	 Bank ABA #:
                               
	  	Tel:
                                         

	 Account No.:
                                 
	  	Fax:
                                        

	 FAO:
                                         
   
	  	Attn.:
                                      
	 Attention:
                                     
	  	
		
	 Registered Name (if Nominee):
	  	

  

	
	 cc:    Sprint Spectrum Co LLC

Sprint Spectrum Co II LLC

Sprint Spectrum Co III LLC

c/o Sprint Corporation

6200 Sprint Parkway

Overland Park, Kansas 66251

Attention: VP Corporate Planning and Treasury

Facsimile: 913-523-9862

  
 B-3-3 

 EXHIBIT C 

[CLEARING AGENCY] 
 IMPORTANT

  

			
	B#:	  	[number]
		
	DATE:	  	[date]
		
	TO:	  	ALL PARTICIPANTS
		
	FROM:	  	[name], [title], Underwriting Department
		
	ATTENTION:	  	[Managing Partner/Officer; Cashier, Operations, Data Processing and Underwriting Managers]
		
	SUBJECT:	  	Section 3(c)(7) restrictions for SPRINT SPECTRUM CO LLC (the “Master Issuer”), SPRINT SPECTRUM CO II (“Co-Issuer II”) and SPRINT SPECTRUM CO III (“Co-Issuer III”, and together
with the Master Issuer and Co-Issuer II, the “Issuers”) Series 2016-1 3.360% Senior Secured Notes, Class A-1

  

					
	(A)	 	 [CUSIP Numbers]
  
	 	 [CUSIP Numbers for Series 2016-1 3.360% Senior Secured Notes, Class A-1 — 144A, Reg.S]

 

		 	[ISIN]:	 	 [ISIN for Series 2016-1 3.360% Senior Secured Notes, Class A-1 — 144A, Reg.S]

			
	(B)	 	Security Description:	 	 SPRINT SPECTRUM CO LLC (the “Master Issuer”), SPRINT SPECTRUM CO II LLC (“Co-Issuer II”) and SPRINT
SPECTRUM CO III LLC (“Co-Issuer III” and, together with the Master Issuer and Co-Issuer II, the “Issuers”) Series 2016-1

3.360% Senior Secured Notes, Class A-1

			
	(C)	 	Offer Amount:	 	$3,500,000,000
			
	(D)	 	Global Syndication Coordinator:	 	Goldman, Sachs & Co.
			
	(E)	 	Paying Agent:	 	[name of paying agent]
			
	(F)	 	Closing Date:	 	October 27, 2016

 Special Instructions: 

See Attached Important Instructions from the Issuers. 

[ISSUERS LETTERHEAD] 

Series 2016-1 3.360% Senior Secured Notes, Class A-1 

[CUSIP No. of Security][ISIN of Security] 

The Issuers and initial purchasers are putting participants on notice that they are required to follow these purchase and
transfer restrictions with regard to the above-referenced security. 

  
 C-1 

 In order to qualify for the exemption provided by Section 3(c)(7) under the
Investment Company Act of 1940, as amended (the “1940 Act”), and the exemption provided by Rule 144A under the Securities Act of 1933, as amended (the “1933 Act”), or Regulation S of the 1933 Act, as
applicable, offers, sales and resales of the Series 2016-1 3.360% Senior Secured Notes, Class A-1 (the “Securities”) may only be made in minimum denominations of $200,000 and integral multiples of $1,000 in excess thereof
(the “Authorized Minimum Denomination”) (x) within the United States to “qualified institutional buyers” (“QIBs”) within the meaning of Rule 144A that are also “qualified purchasers”
(“QPs”) within the meaning of Section 2(a)(51)(A) of the 1940 Act and Rule 2a51-1 promulgated thereunder and (y) outside of the United States to QPs that are not U.S. persons (as defined in
Regulation S). Each purchaser of Securities (1) represents to and agrees with the Issuers and the initial purchasers that (i)(a) with respect to Notes that were purchased in the United States, the purchaser is not (other than
following any Rapid Payment Event) a Competitor and is a QIB who is a QP (a “QIB/QP”) and (b) with respect to Notes that were purchased outside the United States, the purchaser is not (other than following any Rapid Payment
Event) a Competitor and is a QP who is not a U.S. person (as defined in Regulation S); (ii) the purchaser is not a broker-dealer who owns and invests on a discretionary basis less than $25,000,000 in securities of unaffiliated
issuers; (iii) the purchaser is not a participant-directed employee plan, such as a 401(k) plan; (iv) the QIB/QP is acting for its own account, or the account of another QIB/QP; (v) the purchaser is not formed for the purpose of
investing in the Issuers; (vi) the purchaser, and each account for which it is purchasing, will hold and transfer at least the minimum denomination of Securities; (vii) the purchaser understands that the Issuers may receive a list of
participants holding positions in its securities from one or more book-entry depositaries; (viii) the purchaser will provide notice of the transfer restrictions to any subsequent transferees; and (ix) is not (other than following any Rapid
Payment Event) a Competitor and (2) acknowledges that the Issuers have not been registered under the 1940 Act and the Securities have not been registered under the 1933 Act and represents to and agrees with the Issuers and the initial
purchasers that, for so long as securities are outstanding, it will not offer, resell, pledge or otherwise transfer the Securities except to a QIB that is also a QP in a transaction meeting the requirements of Rule 144A or to a Qualified
Purchaser that is not a U.S. Person in a transaction meeting the requirements of Regulation S. Each purchaser further understands that the Securities will bear a legend with respect to such transfer restrictions. See “Transfer
Restrictions” in the Offering Memorandum. 
 The charter, bylaws, organizational documents or securities
issuance documents of the Issuers provide that the Issuers will have the right to (i) require any holder of Securities who is determined to be (other than following any Rapid Payment Event) a Competitor or not to be both a QIB and a QP not a
U.S. Person in a transaction meeting the requirements of Regulation S to sell the Securities to a Person who is not (other than following any Rapid Payment Event) a Competitor who is a QIB that is also a QP or not a U.S. Person in a transaction
meeting the requirements of Regulation S or (ii) redeem any Securities held by such a holder on specified terms. In addition, the Issuers have the right to refuse to register or otherwise honor a transfer of Securities to a proposed transferee
that is (other than following any Rapid Payment Event) a Competitor or not both a QIB and a QP. 
 The restrictions on
transfer required by the Issuers (outlined above) will be reflected [under the notation “3c7” in DTC’s User Manuals and DTC’s Reference Directory] [Annex 3(c)(7) of Euroclear’s New Issues Acceptance Guide]
[Chapter 7 (“Custody Business Operations — New Issues”), Section 7.3 (“General Procedure for the admission and distribution of new issues of syndicated international instruments”) in Clearstream Banking’s
Directory]. 
 Any questions or comments regarding this subject may be directed to [●]. 

  
 C-2EX-10.1

 Exhibit 10.1 
  

 
  

GUARANTEE AND COLLATERAL AGREEMENT 

made by 
 SPRINT SPECTRUM PLEDGECO
LLC, SPRINT SPECTRUM 
 PLEDGECO II LLC, SPRINT SPECTRUM PLEDGECO III LLC, 

SPRINT SPECTRUM LICENSE HOLDER LLC, SPRINT SPECTRUM 

LICENSE HOLDER II LLC AND SPRINT SPECTRUM LICENSE 

HOLDER III LLC, 
 each as a
Guarantor 
 in favor of 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 

as Trustee 
 Dated as of
October 27, 2016 
  
  

 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	 SECTION 1 DEFINED TERMS
	  	 	1	  
			
	 1.1
	 	 Definitions
	  	 	1	  
		
	 SECTION 2 GUARANTEE
	  	 	2	  
			
	 2.1
	 	 Guarantee
	  	 	2	  
	 2.2
	 	 No Subrogation
	  	 	3	  
	 2.3
	 	 Amendments, etc. with respect to the Obligations
	  	 	3	  
	 2.4
	 	 Guarantee Absolute and Unconditional
	  	 	3	  
	 2.5
	 	 Reinstatement
	  	 	6	  
	 2.6
	 	 Remedies
	  	 	6	  
	 2.7
	 	 Payments
	  	 	7	  
	 2.8
	 	 Information
	  	 	7	  
	 2.9
	 	 Rights of Contribution
	  	 	7	  
	 2.10
	 	 General Limitation on Obligations
	  	 	7	  
		
	 SECTION 3 SECURITY
	  	 	8	  
			
	 3.1
	 	 Grant of Security Interest
	  	 	8	  
	 3.2
	 	 Certain Rights and Obligations of the Guarantors Unaffected
	  	 	9	  
	 3.3
	 	 Performance of Collateral Transaction Documents
	  	 	10	  
	 3.4
	 	 Stamp, Other Similar Taxes and Filing Fees
	  	 	10	  
	 3.5
	 	 Authorization to File Financing Statements
	  	 	10	  
	 3.6
	 	 Securities Intermediary
	  	 	11	  
		
	 SECTION 4 REPRESENTATIONS AND WARRANTIES
	  	 	11	  
			
	 4.1
	 	 Existence and Power
	  	 	11	  
	 4.2
	 	 Company Authorization
	  	 	11	  
	 4.3
	 	 No Consent
	  	 	12	  
	 4.4
	 	 Binding Effect
	  	 	12	  
	 4.5
	 	 Subsidiaries
	  	 	12	  
	 4.6
	 	 Security Interests
	  	 	12	  
		
	 SECTION 5 COVENANTS
	  	 	13	  
			
	 5.1
	 	 Further Assurances
	  	 	13	  
	 5.2
	 	 Legal Name, Location Under Section 9-307 or 9-301
	  	 	14	  
	 5.3
	 	 Covenants Under Indenture
	  	 	14	  
	 5.4
	 	 No Petition
	  	 	14	  
		
	 SECTION 6 REMEDIAL PROVISIONS
	  	 	14	  
			
	 6.1
	 	 Certain Rights of the Control Party and the Trustee upon Event of Default and Lessee Payment
Default Rapid Am Event
	  	 	14	  
	 6.2
	 	 Waiver of Appraisal, Valuation, Stay and Right to Marshaling
	  	 	16	  
	 6.3
	 	 Limited Recourse
	  	 	17	  
	 6.5
	 	 Control by the Control Party
	  	 	17	  
	 6.6
	 	 The Trustee May File Proofs of Claim
	  	 	17	  
	 6.7
	 	 Undertaking for Costs
	  	 	18	  

  
 i 

							
	 6.8
	 	 Restoration of Rights and Remedies
	  	 	18	  
	 6.9
	 	 Rights and Remedies Cumulative
	  	 	18	  
	 6.10
	 	 Delay or Omission Not Waiver
	  	 	18	  
	 6.11
	 	 Waiver of Stay or Extension Laws
	  	 	18	  
	 6.12
	 	 Government Approvals
	  	 	19	  
		
	 SECTION 7 THE TRUSTEE’S AUTHORITY
	  	 	19	  
		
	 SECTION 8 MISCELLANEOUS
	  	 	20	  
			
	 8.1
	 	 Amendments
	  	 	20	  
	 8.2
	 	 Notices
	  	 	20	  
	 8.3
	 	 Governing Law
	  	 	21	  
	 8.4
	 	 Successors
	  	 	21	  
	 8.5
	 	 Severability
	  	 	21	  
	 8.6
	 	 Counterpart Originals
	  	 	21	  
	 8.7
	 	 Table of Contents, Headings, etc
	  	 	21	  
	 8.8
	 	 Waiver of Jury Trial
	  	 	21	  
	 8.9
	 	 Submission to Jurisdiction; Waivers
	  	 	21	  
	 8.10
	 	 Termination; Partial Release
	  	 	22	  
	 8.11
	 	 Third Party Beneficiary
	  	 	22	  
	 8.12
	 	 Entire Agreement
	  	 	22	  

  
 ii 

 GUARANTEE AND COLLATERAL AGREEMENT 

GUARANTEE AND COLLATERAL AGREEMENT (as amended, supplemented or otherwise modified from time to time, this
“Agreement”), dated as of October 27, 2016 made by SPRINT SPECTRUM PLEDGECO LLC, a Delaware limited liability company (“PledgeCo I”), SPRINT SPECTRUM PLEDGECO II LLC, a Delaware limited liability company
(“PledgeCo II”), SPRINT SPECTRUM PLEDGECO III LLC, a Delaware limited liability company (and together with PledgeCo I and PledgeCo II, the “PledgeCos” and each, a “PledgeCo”), SPRINT SPECTRUM
LICENSE HOLDER LLC, a Delaware limited liability company (“License Holder I”), SPRINT SPECTRUM LICENSE HOLDER II LLC, a Delaware limited liability company (“License Holder II”), SPRINT SPECTRUM LICENSE HOLDER III
LLC, a Delaware limited liability company (and together with License Holder I and License Holder II, the “License Holders” and each, a “License Holder”, the License Holders together with the PledgeCos, the
“Guarantors” and each, a “Guarantor”) in favor of DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as trustee under the Indenture referred to below (in such capacity, together with its
successors, the “Trustee”) for the benefit of the Secured Parties. 
 W I T N E S
S E T H: 
 WHEREAS, SPRINT SPECTRUM CO LLC, a Delaware limited liability company (the
“Master Issuer”), SPRINT SPECTRUM CO II LLC, a Delaware limited liability company (“Co-Issuer II”), SPRINT SPECTRUM CO III LLC, a Delaware limited liability company (and together with the Master Issuer and Co-Issuer
II, the “Issuers” and each, an “Issuer”), the Trustee and Deutsche Bank Trust Company of Americas, as securities intermediary, have entered into the Base Indenture, dated as of the date of this Agreement (as
amended, supplemented or otherwise modified from time to time, exclusive of any Series Supplements, the “Base Indenture” and, together with all Series Supplements, the “Indenture”), providing for the issuance from
time to time of one or more Series of Notes thereunder; and 
 WHEREAS, the Indenture and the other Transaction Documents
require that the parties hereto execute and deliver this Agreement; 
 NOW, THEREFORE, in consideration of the premises and
for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, each Guarantor hereby agrees for the benefit of the Trustee, on behalf of the Secured Parties, as follows: 

SECTION 1 
 DEFINED
TERMS 
 1.1 Definitions. 

(a) Unless otherwise defined herein, terms defined in the Base Indenture Definitions List attached to the Base Indenture as
Annex A thereto or otherwise defined in the Base Indenture and used herein shall have the meanings given to them in such Base Indenture Definitions List or elsewhere in the Base Indenture. All rules of construction set forth in Section 1.4
of the Base Indenture apply to this Agreement. 
 (b) Any terms used in this Agreement (including for purposes of
Section 3) that are defined in the UCC and pertain to Collateral shall be construed and defined as set forth in the UCC, unless otherwise defined herein. 

 (c) The following terms shall have the following meanings: 

“Collateral” has the meaning assigned to such term in Section 3.1(a). 

“Obligations” means all “Obligations” as such term is defined in the Base Indenture (including for
the avoidance of doubt any Class A Make-Whole Prepayment Premium) owed by the Issuers to the Secured Parties under the Indenture and the other Transaction Documents. 

“Payment in Full” means (a) payment in full in cash of the principal of, premium (including the
Class A Make-Whole Prepayment Premium), fees and interest (including premium (including the Class A Make-Whole Prepayment Premium), fees or interest accruing on or after the commencement of any bankruptcy proceeding, whether or not such
premium (including the Class A Make-Whole Prepayment Premium), fees or interest would be allowed in such bankruptcy proceeding) constituting the Obligations; and (b) payment in full in cash of all other amounts that are due and payable or
otherwise accrued under the Transaction Documents in each case, solely to the extent owing by the Guarantors or the Issuers, and excluding any contingent indemnification obligations for which no claim or demand for payment, whether oral or written,
has been made at such time. 
 “Termination Date” has the meaning assigned to such term in
Section 2.1(c). 
 SECTION 2 

GUARANTEE 

2.1 Guarantee. 

(a) Each of the Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantees to the Trustee, for the
benefit of the Secured Parties, the prompt and complete payment and performance by each Issuer when due (whether at the stated maturity, by acceleration or otherwise, including amounts that would become due but for the operation of the automatic
stay under the Bankruptcy Code) of the Obligations, including all interest, fees, premium and expenses accrued or incurred subsequent to the commencement of any bankruptcy or insolvency proceeding with respect to any Obligation, whether or not such
interest, fees, premium or expenses are enforceable or allowed as a claim in such proceeding. In furtherance of the foregoing and not in limitation of any other right that the Trustee or any other Secured Party has at law or in equity against any
Guarantor by virtue hereof, upon the failure of any Issuer to pay any Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby jointly and severally
promises to and shall forthwith pay, or cause to be paid, to the Trustee for distribution to the applicable Secured Parties in accordance with the Indenture, in cash, the amount of such unpaid Obligation. 

(b) Each Guarantor agrees that the Obligations may at any time and from time to time exceed the amount of the liability of
such Guarantor hereunder without impairing the guarantee contained in this Section 2 or affecting the rights and remedies of the Trustee or any other Secured Party hereunder. 

(c) The guarantee contained in this Section 2 shall remain in full force and effect until the date (the
“Termination Date”) on which this Agreement ceases to be of further effect in accordance with Article XII of the Base Indenture, notwithstanding that from time to time prior thereto any Issuer may be free from any
Obligations. 

  
 2 

 (d) The guarantee in this Section 2 is a continuing guarantee and is a
guarantee of payment and not merely of collection, and shall apply to all Obligations whenever arising. 
 (e) No payment
made by any of the Issuers, any of the Guarantors, any other guarantor or any other Person or received or collected by the Trustee or any other Secured Party from any Issuer, any of the Guarantors, any other guarantor or any other Person by virtue
of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any
Guarantor which shall, notwithstanding any such payment (other than any payment made by such Guarantor in respect of the Obligations or any payment received or collected from such Guarantor in respect of the Obligations), remain liable hereunder
until the Termination Date. 
 2.2 No Subrogation. Notwithstanding any payment made by any Guarantor hereunder or any
set-off or application of funds of any Guarantor by the Trustee or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee or any other Secured Party against any Issuer or any other Guarantor or
any collateral security or guarantee or right of offset held by the Trustee or any other Secured Party for the payment of the Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from any Issuer or any
other Guarantor in respect of payments made by such Guarantor hereunder, until Payment in Full of the Obligations. If any amount shall be paid to any Guarantor on account of such subrogation, contribution or reimbursement rights at any time when a
Payment in Full has not occurred, such amount shall be held by such Guarantor in trust for the Trustee and the other Secured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over
to the Trustee in the exact form received by such Guarantor (duly endorsed by such Guarantor to the Trustee, if required), to be applied against the Obligations, whether matured or unmatured. 

2.3 Amendments, etc. with respect to the Obligations. Each Guarantor shall remain obligated hereunder notwithstanding
that, without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, any demand for payment of any of the Obligations made by the Trustee or any other Secured Party may be rescinded by the Trustee
or such other Secured Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may,
from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by the Trustee or any other Secured Party, and the Base Indenture and any other documents executed and
delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, from time to time, and any collateral security, guarantee or right of offset at any time held by the Trustee or any other Secured Party for
the payment of the Obligations may be sold, exchanged, waived, surrendered or released (it being understood that this Section 2.3 is not intended to affect any rights or obligations set forth in any other Transaction Document). Neither the
Trustee nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Section 2 or any property subject
thereto. 
 2.4 Guarantee Absolute and Unconditional. 

(a) Guarantee Absolute. Each Guarantor waives any and all notice of the creation, renewal, extension or accrual of any
of the Obligations and notice of or proof of reliance by the Trustee or any other Secured Party upon the guarantee contained in this Section 2 or acceptance of the guarantee contained in this Section 2; all Obligations shall conclusively
be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained in this Section 2 and the grant of the security interests pursuant to Section 3; and all dealings

  
 3 

 
between any of the Issuers and any of the Guarantors, on the one hand, and the Trustee and the other Secured Parties, on the other hand, likewise shall be conclusively presumed to have occurred
or been consummated in reliance upon the guarantee contained in this Section 2 and the grant of the security interests pursuant to Section 3. Each Guarantor waives diligence, presentment, protest, demand for payment and notice of default
or nonpayment to or upon any of the Issuers or any of the Guarantors with respect to the Obligations. Each Guarantor understands and agrees that the guarantee contained in this Section 2 and the grant of the security interests pursuant to
Section 3 shall be construed as a continuing, absolute and unconditional guarantee of payment without regard to: 

(i) the validity or enforceability of the Indenture or any other Transaction Document, any of the Obligations
or any other collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by the Trustee or any other Secured Party; 

(ii) any defense, set-off or counterclaim which may at any time be available to or be asserted by any of the
Issuers or any other Person against the Trustee or any other Secured Party; 
 (iii) any settlement,
compromise, release, liquidation or enforcement by any of the Secured Parties of any of the Obligations; 

(iv) any application by any of the Secured Parties of the proceeds of any other guaranty of or insurance for
any of the Obligations to the payment of any of the Obligations; 
 (v) the giving by any of the Secured
Parties of any consent to the merger or consolidation of, the sale of substantial assets by, or other restructuring or termination of the corporate existence of, the Guarantors or any other Person, or to any disposition of any Equity Interest by the
Guarantors or any other Person; 
 (vi) any proceeding by any of the Secured Parties against the Guarantors
or any other Person or in respect to any collateral for any of the Obligations, or the exercise by any of the Secured Parties of any of their rights, remedies, powers and privileges under the Transaction Documents, regardless of whether any of the
Secured Parties shall have proceeded against or exhausted any collateral, right, remedy, power or privilege before proceeding to call upon or otherwise enforce this Agreement; 

(vii) the entering into any other transaction or business dealings with the Guarantors or any other Person;

 (viii) the rejection (or similar concept, such as repudiation or recession) of a Transaction Document in
a bankruptcy or insolvency proceeding; or 
 (ix) any other circumstance whatsoever (with or without notice
to or knowledge of any Issuer or such Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge of any Issuer for the Obligations, or of such Guarantor under the guarantee contained in this Section 2 and
the grant of the security interests pursuant to Section 3, in bankruptcy or in any other instance. 
 When making any demand hereunder
or otherwise pursuing its rights and remedies hereunder against any Guarantor, the Trustee or any other Secured Party may, but shall be under no obligation to, make a similar 

  
 4 

 
demand on or otherwise pursue such rights and remedies as it may have against any Issuer, any other Guarantor or any other Person or against any collateral security or guarantee for the
Obligations or any right of offset with respect thereto, and any failure by the Trustee or any other Secured Party to make any such demand, to pursue such other rights or remedies or to collect any payments from any Issuer, any other Guarantor or
any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of any Issuer, any other Guarantor or any other Person or any such collateral security, guarantee or right of
offset, shall not relieve any Guarantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the Trustee or any other Secured Party against any
Guarantor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. 

(b) Waiver of Defenses. The enforceability of this Agreement and the liability of the Guarantors and the rights,
remedies, powers and privileges of the Secured Parties under this Agreement shall not be affected, limited, reduced, discharged or terminated, and each Guarantor hereby expressly waives to the fullest extent permitted by law any defense now or in
the future arising, by reason of: 
 (i) the illegality, invalidity or unenforceability of any of the
Obligations, any Transaction Document or any other agreement or instrument whatsoever relating to any of the Obligations; 

(ii) any disability or other defense with respect to any of the Obligations, including the effect of any
statute of limitations, that may bar the enforcement thereof or the obligations of such Guarantor relating thereto; 

(iii) the illegality, invalidity or unenforceability of any other guaranty of or insurance for any of the
Obligations or any lack of perfection or continuing perfection or failure of the priority of any Lien on any collateral for any of the Obligations; 

(iv) the cessation, for any cause whatsoever, of the liability of any Issuer or any Guarantor with respect to
any of the Obligations; 
 (v) any failure of any of the Secured Parties to marshal assets, to exhaust any
collateral for any of the Obligations, to pursue or exhaust any right, remedy, power or privilege it may have against any Issuer or any other Person, or to take any action whatsoever to mitigate or reduce the liability of any Guarantor under this
Agreement, the Secured Parties being under no obligation to take any such action notwithstanding the fact that any of the Obligations may be due and payable and that any Issuer may be in default of its obligations under any Transaction Document;

 (vi) any counterclaim, set-off or other claim which any Issuer or any Guarantor has or claims with
respect to any of the Obligations; 
 (vii) any failure of any of the Secured Parties to file or enforce a
claim in any bankruptcy, insolvency, reorganization or other proceeding with respect to any Person; 

(viii) any bankruptcy, insolvency, reorganization, winding-up or adjustment of debts, or appointment of a
custodian, liquidator or the like of it, or similar proceedings commenced by or against any Issuer or any other Person, including any discharge of, 

  
 5 

 
or bar, stay or injunction against collecting, any of the Obligations (or any interest on any of the Obligations) in or as a result of any such proceeding; 

(ix) any action taken by any of the Secured Parties that is authorized by this Section 2.4 or otherwise
in this Agreement or by any other provision of any Transaction Document, or any omission to take any such action; or 

(x) any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or
defense of a surety or guarantor. 
 (c) Waiver of Set-off and Counterclaim, Etc. Each Guarantor expressly waives,
to the fullest extent permitted by law, for the benefit of each of the Secured Parties, any right of set-off and counterclaim with respect to payment of its obligations hereunder, and all diligence, presentment, demand for payment or performance,
notice of nonpayment or nonperformance, protest, notice of protest, notice of dishonor and all other notices or demands whatsoever, and any requirement that any of the Secured Parties exhaust any right, remedy, power or privilege or proceed against
any Issuer under the Indenture or any other Transaction Document or any other agreement or instrument referred to herein or therein, or against any other Person, and all notices of acceptance of this Agreement or of the existence, creation,
incurring or assumption of new or additional Obligations. Each Guarantor further expressly waives the benefit of any and all statutes of limitation, to the fullest extent permitted by applicable law. 

(d) Other Waivers. Each Guarantor expressly waives, to the fullest extent permitted by law, for the benefit of each of
the Secured Parties, any right to which it may be entitled: 
 (i) that the assets of any Issuer first be
used, depleted and/or applied in satisfaction of the Obligations prior to any amounts being claimed from or paid by such Guarantor; 

(ii) to require that any Issuer be sued and all claims against the Issuers be completed prior to an action or
proceeding being initiated against such Guarantor; and 
 (iii) to have its obligations hereunder be divided
among the Guarantors, such that each Guarantor’s obligation would be less than the full amount claimed. 
 2.5
Reinstatement. The guarantee contained in this Section 2 shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Obligations is rescinded or must otherwise be
restored or returned by the Trustee or any other Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any Issuer or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or
conservator of, or trustee or similar officer for, any Issuer or any Guarantor or any substantial part of its property, or otherwise, all as though such payments had not been made. The reinstatement provided for in this Section 2.5 shall
survive the removal of, or a resignation by, any Person as Trustee as well as the termination of this Agreement. 
 2.6
Remedies. The Guarantors jointly and severally agree that, as between the Guarantors and the Secured Parties, the obligations of the Issuers under the Indenture may be declared to be forthwith due and payable as provided in Article IX of the
Base Indenture (and shall be deemed to have become automatically due and payable in the circumstances provided in said Article IX) for purposes of Section 2.1 notwithstanding any stay, injunction or other prohibition preventing such declaration
(or such obligations from becoming automatically due and payable) as against the Issuers and 

  
 6 

 
that, in the event of such declaration (or such obligations being deemed to have become automatically due and payable), such obligations (whether or not due and payable by the Issuers) shall
forthwith become due and payable by the Guarantors for purposes of Section 2.1. 
 2.7 Payments. Each Guarantor
hereby guarantees that payments hereunder shall be paid to the Trustee without set-off or deduction or counterclaim in immediately available funds in U.S. Dollars at the office of the Trustee. 

2.8 Information. Each Guarantor assumes all responsibility for being and keeping itself informed of each Issuer’s
and each other Guarantor’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Obligations and the nature, scope and extent of the risks that such Guarantor assumes and incurs hereunder, and
agrees that neither the Trustee nor any other Secured Party shall have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 

2.9 Rights of Contribution. The License Holders hereby agree, as between themselves, that if any License Holder shall
become an Excess Funding Guarantor (as defined below) by reason of the payment by such License Holder of any Guaranteed Obligations, then each other License Holder, on demand of such Excess Funding Guarantor (but subject to the next sentence), pay
to such Excess Funding Guarantor an amount equal to such License Holder’s Pro Rata Share (as defined below and determined, for this purpose, without reference to the properties, debts and liabilities of such Excess Funding Guarantor) of the
Excess Payment (as defined below) in respect of such Guaranteed Obligations. The payment obligation of a License Holder to any Excess Funding Guarantor under this Section 2.9 shall be subordinate and subject in right of payment to the prior
payment in full of the obligations of such License Holder under the other provisions of this Section 2 and such Excess Funding Guarantor shall not exercise any right or remedy with respect to such excess until Payment in Full. 

For purposes of this Section 2.9, (i) “Excess Funding Guarantor” means, in respect of any
Guaranteed Obligations, a License Holder that has paid an amount in excess of its Pro Rata Share of such Guaranteed Obligations, (ii) “Excess Payment” means, in respect of any Guaranteed Obligations, the amount paid by an
Excess Funding Guarantor in excess of its Pro Rata Share of such Guaranteed Obligations and (iii) “Pro Rata Share” means, for any License Holder, the ratio (expressed as a percentage) of (x) the amount by which the
aggregate fair saleable value of all properties of such License Holder (excluding any shares of stock or other Equity Interest of any other License Holder) exceeds the amount of all the debts and liabilities of such License Holder (including
contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations of such License Holder hereunder and any obligations of any other License Holder that have been Guaranteed by such License Holder) to (y) the amount
by which the aggregate fair saleable value of all properties of all of the License Holders exceeds the amount of all the debts and liabilities (including contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations
of the License Holders hereunder and under the other Transaction Documents) of all of the License Holders, determined with respect to the License Holders that are a party hereto on the Closing Date. 

2.10 General Limitation on Obligations. In any action or proceeding involving any state corporate law, or any state or
federal bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations of any Guarantor under Section 2.1 would otherwise be held or determined to be void, invalid or unenforceable, or
subordinated to the claims of any other creditors, on account of the amount of its liability under Section 2.1, then, notwithstanding any other provision hereof to the contrary, the amount of such liability shall, without any further action by
such Guarantor, any Secured Party or any other Person, be automatically limited and reduced to the highest amount that is valid and enforceable and not subordinated to the claims of other creditors as determined in

  
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such action or proceeding. Each Guarantor agrees that the Obligations may at any time and from time to time be incurred or permitted in an amount exceeding the maximum liability of such Guarantor
under this Section 2.10 without impairing the guarantee contained in Section 2 or affecting the rights and remedies of any Secured Party hereunder. 

SECTION 3 
 SECURITY

 3.1 Grant of Security Interest. 

(a) As collateral security for the payment in full when due (whether at stated maturity, by acceleration or otherwise) of the
Obligations and the obligations of the Guarantors under this Agreement, each Guarantor hereby pledges and grants to the Trustee for the benefit of the Secured Parties as hereinafter provided a security interest in all of such Guarantor’s right,
title and interest in, to and under the following property, in each case whether tangible or intangible, wherever located, and whether now owned by such Guarantor or hereafter acquired and whether now existing or hereafter coming into existence (all
of the property described in this Section 3.1(a) being collectively referred to herein as “Collateral”): 
  

	 	(i)	 the Spectrum Lease, all lease payments and receivables of any kind payable by the Lessee under the Spectrum
Lease, all rights of the License Holders thereunder and all supporting obligations in respect thereof, including any right to payments as a result of any termination event thereunder; 

 

	 	(ii)	 the Directly-Held Licenses and all rights to renewal thereof; 

 

	 	(iii)	 the Third-Party Lease Agreements; 

 

	 	(iv)	 all proceeds from any sale, lease, assignment or transfer of all or any portion of the Directly-Held Licenses
and the Third-Party Lease Agreements; 

  

	 	(v)	 the Collateral Interests; 

 

	 	(vi)	 all accounts, chattel paper, inventory, equipment, instruments, investment property, intellectual property,
documents, deposit accounts, commercial tort claims, letter-of-credit rights, money, goods, fixtures, general intangibles and supporting obligations (each term in this clause having the meaning given to it under the UCC in effect in the State of New
York on the Closing Date); 

  

	 	(vii)	 the Indenture Trust Accounts and all amounts and other property on deposit in or otherwise credited to the
Indenture Trust Accounts; 

  

	 	(viii)	 any Interest Reserve Letter of Credit; 

 

	 	(ix)	 the books and records (whether in physical, electronic or other form) of each of the Guarantors;

  

	 	(x)	 the rights, powers, remedies and authorities of the Guarantors under each of the Transaction Documents to
which they are a party; 

  
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	 	(xi)	 the Contribution Agreements, including all property of every nature, now or hereafter transferred, mortgaged,
pledged, or assigned as security for payment or performance of any obligation of any Person to the Guarantors under the Contribution Agreements and all guarantees of such obligations and the rights evidenced by or reflected in the Contribution
Agreements; 

  

	 	(xii)	 all proceeds of insurance, if any, relating to the Collateral; 

 

	 	(xiii)	 all other tangible and intangible personal property whatsoever of each of the Guarantors; and

  

	 	(xiv)	 all proceeds and accrued and future rights to payment with respect to the foregoing; 

provided that (A) the Collateral will not include any of the Directly-Held Licenses to the extent that a pledge of the
Directly-Held Licenses would violate Requirements of Law (for the avoidance of doubt, the Collateral does include the proceeds derived from the Directly-Held Licenses and their sale, lease, assignment or transfer), (B) the security interest in
the Class A Notes Interest Reserve Account, any related Interest Reserve Letter of Credit and any letter-of-credit rights in respect thereof shall only be for the benefit of the Class A Noteholders and the Trustee, in its capacity as
trustee for the Class A Noteholders and (C) the Collateral will not include any income from Eligible Investments received in any LC Provider Account (which may be released to the related LC Provider on any applicable Quarterly Payment Date
pursuant to Section 5.1(c) of the Base Indenture) or any Excess Interest Reserve Amount payable to any LC Provider as a reimbursement obligation. 

(b) The foregoing grant is made in trust to secure the Obligations and to secure compliance with the provisions of this
Agreement by the Guarantors, all as provided in this Agreement. The Trustee, on behalf of the Secured Parties, acknowledges such grant and accepts the trusts under this Agreement in accordance with the provisions of this Agreement. The Collateral
shall secure the Obligations equally and ratably without prejudice, priority or distinction (except, with respect to any Series of Notes, as otherwise stated in the applicable Series Supplement or in the applicable provisions of the Base Indenture).

 3.2 Certain Rights and Obligations of the Guarantors Unaffected. 

(a) Notwithstanding the grant of the security interest in the Collateral hereunder to the Trustee, on behalf of the Secured
Parties, the Guarantors acknowledge that the Manager, on behalf of the Securitization Entities, shall, subject to the terms and conditions of the Management Agreement, have the right, subject to the Trustee’s right to revoke such right in whole
or in part, in the event of the occurrence of an Event of Default, (i) to give, in accordance with the Manager Standard, all consents, requests, notices, directions, approvals, extensions or waivers, if any, which are required or permitted to
be given by any Securitization Entity under the Collateral Transaction Documents, and to enforce all rights, remedies, powers, privileges and claims of the Securitization Entities under the Collateral Transaction Documents and (ii) to take any
other actions required or permitted to be taken by a Securitization Entity under the terms of the Management Agreement. 

(b) The grant of the security interest by the Guarantors in the Collateral to the Trustee on behalf of and for the benefit of
the Secured Parties shall not (i) relieve any Guarantor from the performance of any term, covenant, condition or agreement on such Guarantor’s part to be performed or observed under or in connection with any of the Collateral Transaction
Documents or (ii) impose any obligation on the Trustee or any of the Secured Parties to perform or observe any such term, covenant, 

  
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condition or agreement on such Guarantor’s part to be so performed or observed or impose any liability on the Trustee or any of the Secured Parties for any act or omission on the part of
such Guarantor or from any breach of any representation or warranty on the part of such Guarantor. 
 (c) Each Guarantor
hereby jointly and severally agrees to indemnify and hold harmless the Trustee and each Secured Party (including its directors, officers, employees and agents) from and against any and all losses, liabilities (including liabilities for penalties),
claims, demands, actions, suits, judgments, and reasonable and documented costs and expenses arising out of or resulting from the security interest granted hereby, whether arising by virtue of any act or omission on the part of such Guarantor or
otherwise, including the reasonable and documented costs, expenses and disbursements (including reasonable attorneys’ fees and expenses) incurred by the Trustee or any Secured Party in enforcing this Agreement or preserving any of its rights
to, or realizing upon, any of the Collateral; provided that the foregoing indemnification shall not extend to any action by the Trustee or any Secured Party which constitutes gross negligence, bad faith or willful misconduct (as determined in
a final non-appealable order from a court of competent jurisdiction) by the Trustee or any Secured Party or any other indemnified person hereunder. The indemnification provided for in this Section 3.2 shall survive the removal of, or a
resignation by, any Person as Trustee as well as the termination of this Agreement. 
 3.3 Performance of Collateral
Transaction Documents. Upon the occurrence of a default or breach (after giving effect to any applicable grace or cure periods) by any Person party to a Collateral Transaction Document promptly following a request from the Trustee or the Control
Party to do so and at the Guarantors’ expense, the Guarantors agree jointly and severally to take all such lawful action as permitted under this Agreement as the Trustee (acting at the direction of the Control Party (at the direction of the
Controlling Class Representative)) may reasonably request to compel or secure the performance and observance by such Person of its obligations to any Guarantor, and to exercise any and all rights, remedies, powers and privileges lawfully
available to any Guarantor to the extent and in the manner requested by the Trustee (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)), including the transmission of notices of default and
the institution of legal or administrative actions or proceedings to compel or secure performance by such Person of its obligations thereunder or to facilitate the Spectrum Realization Procedures. 

3.4 Stamp, Other Similar Taxes and Filing Fees. The Guarantors shall jointly and severally indemnify and hold harmless
the Trustee and each Secured Party from any present or future claim for liability for any stamp, documentary or other similar tax and any penalties or interest and expenses with respect thereto, that may be assessed, levied or collected by any
jurisdiction in connection with this Agreement, any other Transaction Document to which the Guarantors are a party, or any Collateral. The Guarantors shall pay, and jointly and severally indemnify and hold harmless each Secured Party against, any
and all amounts in respect of all search, filing, recording and registration fees, taxes, excise taxes and other similar imposts that may be payable or determined to be payable in respect of the execution, delivery, performance and/or enforcement of
this Agreement or any other Transaction Document to which the Guarantors are a party. The indemnification provided for in this Section 3.4 shall survive the removal of, or a resignation by, any Person as Trustee as well as the termination of
this Agreement. 
 3.5 Authorization to File Financing Statements. 

(a) Each Guarantor hereby irrevocably authorizes the Back-Up Manager on behalf of the Secured Parties at any time and from
time to time to file or record in any filing office in any applicable jurisdiction financing statements and other filing or recording documents or instruments with respect to the Collateral, including to perfect or record evidence of the security
interests of the Trustee for the benefit of the Secured Parties under this Agreement. Each Guarantor authorizes the filing of any such 

  
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financing statement, other filing, recording document or instrument naming the Trustee as secured party and indicating that the Collateral includes (a) “all assets” or words of
similar effect or import regardless of whether any particular assets comprised in the Collateral fall within the scope of Article 9 of the UCC, or (b) as being of an equal or lesser scope or with greater detail. Each Guarantor agrees to
furnish any information necessary to accomplish the foregoing promptly upon the Back-Up Manager’s request. Each Guarantor also hereby ratifies and authorizes the filing on behalf of the Secured Parties of any financing statement with respect to
the Collateral made prior to the date hereof. 
 (b) Each Guarantor acknowledges that the Collateral under this Agreement
includes certain rights of the Guarantors as secured parties under the Transaction Documents. Each Guarantor hereby irrevocably appoints the Trustee as its representative with respect to all financing statements filed to perfect or record evidence
of such security interests and authorizes the Back-Up Manager on behalf of and for the benefit of the Secured Parties to make such filings as they deem necessary to reflect the Trustee, as assignee thereof, as secured party of record with respect to
such financing statements. 
 3.6 Securities Intermediary Each Guarantor hereby appoints the Trustee as Securities
Intermediary and acknowledges and agrees to the provisions of Article V of the Indenture as if the same were specifically set forth herein and, without limiting the foregoing, agrees that the agreements and statements of intent of the Issuers in
Section 5.5 of the Indenture apply to such Guarantor with respect to each Trustee Account in the name of and/or for the benefit of such Guarantor. The Trustee acknowledges and accepts its appointment as Securities Intermediary pursuant to
Article V of the Indenture and acknowledges and agrees that the provisions of Section 5.5 of the Indenture will apply to the Trustee Accounts of the Guarantors mutatis mutandis as if specifically set forth herein. 

SECTION 4 

REPRESENTATIONS AND WARRANTIES 

Each Guarantor hereby represents and warrants, for the benefit of the Trustee and the other Secured Parties, as follows as of
the date hereof and as of each Series Closing Date: 
 4.1 Existence and Power. Each Guarantor is duly organized,
validly existing and in good standing under the laws of its jurisdiction of organization and is duly qualified to do business as a foreign entity and in good standing under the laws of each jurisdiction where the character of its property, the
nature of its business or the performance of its obligations under the Transaction Documents make such qualification necessary except where the failure to be in good standing or to be so qualified could not reasonably be expected to result in a
Material Adverse Effect. Each Guarantor has all limited liability company, corporate or other powers and all governmental licenses, authorizations, consents and approvals required to (i) carry on its business as now conducted except where
the failure to be in good standing or to be so qualified could not reasonably be expected to result in a Material Adverse Effect and (ii) for consummation of the transactions contemplated by this Agreement and the other Transaction Documents.

 4.2 Company Authorization. The execution, delivery and performance by each Guarantor of this Agreement and the
other Transaction Documents to which it is a party (a) are within such Guarantor’s limited liability company, corporate or other powers and have been duly authorized by all necessary limited liability company, corporate or other action and
(b) do not contravene, or constitute a default under, any Requirements of Law with respect to such Guarantor or any Contractual Obligation with respect to such Guarantor or result in the creation or imposition of any Lien on any property of any

  
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Guarantor (other than Permitted Liens), except for Liens created by this Agreement or the other Transaction Documents, except in the case of clause (b) above, the violation of which would
not reasonably be expected to result in a Material Adverse Effect. This Agreement and each of the other Transaction Documents to which each Guarantor is a party has been executed and delivered by a duly Authorized Officer of such Guarantor. 

4.3 No Consent. No consent, action by or in respect of, approval or other authorization of, or registration,
declaration or filing with, any Governmental Authority or other Person is required for the valid execution and delivery by each Guarantor of this Agreement or any Transaction Document to which it is a party or for the performance of any of the
Guarantors’ obligations hereunder or thereunder other than such consents, approvals, authorizations, registrations, declarations or filings as shall have been obtained or made by such Guarantor prior to the Closing Date or as are permitted to
be obtained subsequent to the Closing Date in accordance with Section 4.6 hereof. 
 4.4 Binding Effect. This
Agreement and each other Transaction Document to which a Guarantor is a party is a legal, valid and binding obligation of each such Guarantor enforceable against such Guarantor in accordance with its terms (except as may be limited by bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws affecting creditors’ rights generally or by general equitable principles, whether considered in a proceeding at law or in equity and by an implied covenant of
good faith and fair dealing). 
 4.5 Subsidiaries. No Guarantor has any subsidiaries or owns any Equity Interests in
any other Person, other than with respect to the Issuers. 
 4.6 Security Interests. 

(a) Each Guarantor owns and has good title to or leasehold interests in, as applicable, its Collateral, free and clear of all
Liens other than Permitted Liens. This Agreement constitutes a valid and continuing Lien on the Collateral in favor of the Trustee on behalf of and for the benefit of the Secured Parties, which Lien on the Collateral has been perfected or evidence
of which Lien has been recorded, in each case in accordance with the provisions of the Base Indenture, and is prior to all other Liens (other than Permitted Liens), and is enforceable as such as against creditors of and purchasers from each
Guarantor in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws affecting creditors’ rights generally or by general
equitable principles, whether considered in a proceeding at law or in equity, and by an implied covenant of good faith and fair dealing. The Guarantors have received all consents and approvals required by the terms of the Collateral to the pledge of
the Collateral to the Trustee hereunder. Each Guarantor has caused, or shall have caused, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect or
otherwise record evidence, as applicable, of the first-priority security interest (subject to Permitted Liens) in the Collateral granted to the Trustee hereunder within ten (10) days of the date of hereof. 

(b) Other than the security interest granted to the Trustee hereunder, pursuant to the other Transaction Documents or any
other Permitted Lien, none of the Guarantors has pledged, assigned, sold or granted a security interest in the Collateral by grant, pledge, sale, assignment or other means. All action necessary (including the filing of UCC-1 financing statements) to
protect and evidence the Trustee’s security interest in the Collateral has been, or shall be, duly and effectively taken, consistent with the obligations set forth in Section 4.6(a) and Section 5.1. No security agreement, financing
statement, equivalent security or lien instrument or continuation statement authorized by any Guarantor and listing such Guarantor as debtor covering all or any part of the Collateral is on file or of

  
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record in any jurisdiction, except in respect of Permitted Liens or such as may have been filed, recorded or made by such Guarantor in favor of the Trustee, including as assignee in the case of
the Contribution Agreements, on behalf of the Secured Parties in connection with this Agreement, and no Guarantor has authorized any such filing. 

(c) All authorizations in this Agreement for the Trustee to execute or file financing statements, continuation statements,
security agreements and other instruments with respect to the Collateral and to take such other actions with respect to the Collateral authorized by this Agreement are powers coupled with an interest and are irrevocable. 

SECTION 5 
 COVENANTS

 5.1 Further Assurances. 

(a) Each Guarantor shall do such further acts and things, and execute and deliver to the Trustee and the Back-Up Manager such
additional assignments, agreements, powers and instruments, as are necessary or desirable to obtain or maintain the security interest of the Trustee in the Collateral on behalf of the Secured Parties as a perfected security interest or to record
evidence of such security interest, as applicable, subject to no prior Liens (other than Permitted Liens), to carry into effect the purposes of this Agreement or the other Transaction Documents or to better assure and confirm unto the Trustee, the
Back-Up Manager, the Noteholders or the other Secured Parties their rights, powers and remedies hereunder including the filing of any financing or continuation statements or amendments under the UCC in effect in any jurisdiction with respect to the
liens and security interests granted in the Collateral hereby. The Guarantors intend the security interests granted pursuant to this Agreement in favor of the Secured Parties to be prior to all other Liens (other than Permitted Liens) in respect of
the Collateral, and each Guarantor shall take all actions necessary to obtain and maintain, in favor of the Trustee for the benefit of the Secured Parties, a first lien on and a first-priority perfected security interest in the Collateral or to
record evidence of such security interest in the Collateral (in each case, except with respect to Permitted Liens). If any Guarantor fails to perform any of its agreements or obligations under this Section 5.1(a), after written notice to such
Guarantor by the Trustee or the Back-Up Manager, then the Back-Up Manager may perform such agreement or obligation, and the expenses of the Back-Up Manager incurred in connection therewith shall be payable by the Guarantors upon the Back-Up
Manager’s demand therefor in accordance with the Priority of Payments. The Back-Up Manager is hereby authorized to execute and file any financing statements, continuation statements, amendments or other instruments necessary or appropriate to
perfect or maintain the perfection or record evidence, as applicable, of the Trustee’s security interest in the Collateral in the manner authorized in Section 3.5(a). 

(b) Each Guarantor shall warrant and defend the Trustee’s right, title and interest in and to the Collateral and the
income, distributions and proceeds thereof, for the benefit of the Trustee on behalf of the Secured Parties, against the claims and demands of all Persons whomsoever subject to Permitted Liens. 

(c) On each Business Day on which amounts are held in the Lease Payment Account, the Manager on behalf of, the License
Holders, will cause to be swept and deposited to the Collection Account (including pursuant to standing entitlement orders or other instructions evidencing a distribution in respect of the Collateral Interests issued by the License Holders in the
Issuers), for application in accordance with the Priority of Payments, all Lease Payments and any other amounts paid to the License Holders pursuant to the Spectrum Lease. 

  
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 5.2 Legal Name, Location Under Section 9-307 or 9-301. No
Guarantor shall change its location (within the meaning of Section 9-307(e), including for purposes of Section 9-301, of the applicable UCC) or its legal name. 

5.3 Covenants Under Indenture. Each Guarantor agrees to comply with each of the covenants in the Indenture that are
applicable to such Guarantor. 
 5.4 No Petition. Each Guarantor agrees that, prior to the date that is one year (or,
if longer, the applicable preference period then in effect) and one day after the Obligations have been satisfied and performed in full of all outstanding obligations to pay interest, principal and any other amounts due at maturity or earlier
redemption in full under any Securitization Entity financing, it will not initiate against, or join any person in initiating against, the Securitization Entities, in connection with this Agreement, any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceedings under any applicable federal or state bankruptcy or similar law (collectively, an “Insolvency Proceeding”). Notwithstanding anything to the contrary in this Agreement, this Section 4.04
does not prohibit or limit any Guarantor from proving any claim, exercising any rights or taking any other action in connection with any Insolvency Proceeding initiated by or against the Securitization Entities not in breach of this
Section 5.4. Notwithstanding anything to the contrary in this Agreement, this Section 5.4 shall restrict the Guarantors from taking action only against the Securitization Entities. This Section 5.4 will survive the termination of this
Agreement. 
 SECTION 6 

REMEDIAL PROVISIONS 

6.1 Certain Rights of the Control Party and the Trustee upon Event of Default and Lessee Payment Default Rapid Am
Event. 
 (a) Proceedings To Collect Money. In case any Guarantor shall fail to pay any amounts payable under
this Agreement when due, the Trustee at the direction of the Control Party (at the direction of the Controlling Class Representative), in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums
so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and may enforce the same against any Guarantor and collect in the manner provided by law out of the property of any Guarantor, wherever situated, the moneys adjudged
or decreed to be payable. 
 (b) Other Proceedings. As Control Party, the Back-Up Manager acting at the direction of
the Controlling Class Representative will (a) upon acceleration of the Class A Notes following an Event of Default and (b) following a Lessee Payment Default Rapid Am Event promptly direct the Trustee to: 

(i) proceed to protect and enforce its rights and the rights of the Noteholders and the other Secured Parties,
by such appropriate proceedings (including any FCC and/or other regulatory filings) as the Control Party (at the direction of the Controlling Class Representative) shall deem most effective to protect and enforce any such rights, whether for
the specific enforcement of any covenant or agreement in this Agreement or any other Transaction Document or in aid of the exercise of any power granted therein, or to enforce any other proper remedy or legal or equitable right vested in the Trustee
by this Agreement or any other Transaction Document or by law, including any remedies of a secured party under applicable law; 

  
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 (ii) (A) direct any Guarantor to exercise (and each Guarantor
agrees to exercise) all rights, remedies, powers, privileges and claims of any Guarantor against any party to any Collateral Transaction Document arising as a result of the occurrence of such Event of Default or otherwise, including the right or
power to take any action to compel performance or observance by any such party of its obligations to any Guarantor, any the right of any Guarantor to take such action independent of such direction shall be suspended, and (B) if (x) any
Guarantor shall have failed, within ten (10) Business Days of receiving the direction of the Trustee (given at the direction of the Control Party (at the direction of the Controlling Class Representative)), to take commercially reasonable
action to accomplish such directions of the Trustee, (y) any Guarantor refuses to take such action or (z) the Control Party (at the direction of the Controlling Class Representative) reasonably determines that such action must be
taken immediately, take (or the Control Party on behalf of the Trustee shall take) such previously directed action (and any related action as permitted under this Agreement thereafter determined by the Trustee or the Control Party to be appropriate
without the need under this provision or any other provision under this Agreement to direct the Guarantors to take such action); 

(iii) institute proceedings from time to time for the complete or partial foreclosure with respect to the
Collateral; and/or 
 (iv) sell all or a portion of the Collateral at one or more public or private sales
called and conducted in any manner permitted by law and otherwise in compliance with Communications Laws; provided that (i) the Trustee shall not proceed with any such sale without the prior written consent of the Control Party (at the
direction of the Controlling Class Representative) and the Trustee shall provide notice to the Guarantors and the Issuers of a proposed sale of Collateral and (ii) in no event shall the Trustee sell the claim under the Spectrum Lease to
any Person not an Affiliate of the Lessee other than in connection with a disposition of the Spectrum Portfolio. 
 (c)
Sale of Collateral. In connection with any sale of the Collateral (which may proceed separately and independently from the exercise of other remedies under the Indenture) or under any judgment, order or decree in any judicial proceeding for
the foreclosure or involving the enforcement of this Agreement or any other Transaction Document to the extent permitted by law: 

(i) any of the Trustee, any Noteholder and/or any other Secured Party may bid for and purchase the property
being sold, subject to the Communications Laws, and upon compliance with the terms of the sale may hold, retain, possess and dispose of such property in its own absolute right without further accountability; 

(ii) the Trustee (at the direction of the Control Party (at the direction of the Controlling
Class Representative)) may make and deliver to the purchaser or purchasers a good and sufficient deed, bill of sale and instrument of assignment and transfer of the property sold; 

(iii) all right, title, interest, claim and demand whatsoever, either at law or in equity or otherwise, of any
Guarantor of, in and to the property so sold shall be divested; and such sale shall be a perpetual bar both at law and in equity against any Guarantor, its successors and assigns, and against any and all Persons claiming or who may claim the
property sold or any part thereof from, through or under such Guarantor or its successors or assigns; and 

  
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 (iv) the receipt of the Trustee making such sale shall be a
sufficient discharge to any purchaser at such sale for their purchase money, and such purchaser, and their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of the Trustee, be obliged to see
to the application of such purchase money or be in any way answerable for any loss, misapplication or non-application thereof. 

(d) Application of Proceeds. Any amounts obtained by the Trustee on account of or as a result of the exercise by the
Trustee or the Control Party of any of their respective rights hereunder shall be held by the Trustee or the Control Party as additional collateral for the repayment of the Obligations, shall be deposited into the Collection Account and shall be
applied as provided in Article V of the Base Indenture. 
 (e) Attorney in Fact. Upon the occurrence and
during the continuance of any Event of Default each of the Trustee and the Control Party is hereby appointed (without the obligation) the attorney in fact of each Guarantor for the purpose of carrying out the provisions of this Section 6 and
taking any action and executing any instruments that the Trustee and the Control Party may deem necessary or advisable to accomplish the purposes hereof, which appointment as attorney in fact is irrevocable and coupled with an interest. Without
limiting the generality of the foregoing, so long as the Trustee shall be entitled under this Section 6 to make collections in respect of the Collateral, the Trustee shall have the right and power to receive, endorse and collect all checks made
payable to the order of any Guarantor representing any dividend, payment or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same. 

(e) Additional Remedies. In addition to any rights and remedies now or hereafter granted hereunder or under applicable
law with respect to the Collateral, the Trustee shall have all of the rights and remedies of a secured party under the UCC as enacted in any applicable jurisdiction. 

(f) Proceedings. The Trustee may maintain a Proceeding even if it does not possess any of the Notes or does not
produce any of them in the Proceeding, and any such Proceeding instituted by the Trustee shall be in its own name as trustee. All remedies are cumulative to the extent permitted by law. 

6.2 Waiver of Appraisal, Valuation, Stay and Right to Marshaling. To the extent it may lawfully do so, each Guarantor
for itself and for any Person who may claim through or under it hereby: 
 (a) agrees that neither it nor any such Person
shall step up, plead, claim or in any manner whatsoever take advantage of any appraisal, valuation, stay, extension or redemption laws, now or hereafter in force in any jurisdiction, which may delay, prevent or otherwise hinder (i) the
performance, enforcement or foreclosure of this Agreement, (ii) the sale of any of the Collateral or (iii) the putting of the purchaser or purchasers thereof into possession of such property immediately after the sale thereof; 

(b) waives all benefit or advantage of any such laws; 

(c) waives and releases all rights to have the Collateral marshaled upon any foreclosure, sale or other enforcement of this
Agreement; and 
 (d) consents and agrees that, subject to the terms of this Agreement, all the Collateral may at any such
sale be sold by the Trustee as an entirety or in such portions as the Trustee 

  
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may (upon direction by the Control Party (at the direction of the Controlling Class Representative)) determine. 

6.3 Limited Recourse. Notwithstanding any other provision of this Agreement or any other Transaction Document or
otherwise, the liability of the Guarantors to the Noteholders and any other Secured Parties under or in relation to this Agreement or any other Transaction Document or otherwise, is limited in recourse to the property and assets of the
Securitization Entities. The proceeds of the property and assets of the Securitization Entities having been applied in accordance with the terms hereof, none of the Noteholders or any other Secured Parties shall be entitled to take any further steps
against any Guarantor to recover any sums due but still unpaid hereunder or under any of the other agreements or documents described in this Section 6.3, all claims in respect of which shall be extinguished. 

6.5 Control by the Control Party. Notwithstanding any other provision hereof, the Control Party (acting at the
direction of the Controlling Class Representative, subject to Section 11.4(f) of the Base Indenture) may institute and direct the time, method and place of conducting, any proceeding in respect of any enforcement of the Collateral or
conducting any proceeding in respect of any enforcement of Liens on the Collateral or conducting any proceeding for any remedy available to the Trustee and to direct the exercise of any trust or power conferred on the Trustee; provided that:

 (a) such direction of time, method and place shall not be in conflict with any rule of law, with the Manager Standard
(if the Back-Up Manager is acting as Successor Manager), the Back-Up Management Standard or with this Agreement; 
 (b) the
Control Party (at the direction of the Controlling Class Representative) may take any other action deemed proper by the Control Party (at the direction of the Controlling Class Representative) that is not inconsistent with such direction
(as the same may be modified by the Control Party (with the consent of the Controlling Class Representative)); and 

(c) such direction shall be in writing; 

provided further that, subject to Section 10.1 of the Base Indenture, the Trustee may refuse to follow any direction if it
reasonably believes such direction violates law, the Back-Up Management Standard, the Base Indenture or this Agreement or it has not received reasonably satisfactory indemnity. The Trustee will take no action referred to in this Section 6.5
unless instructed to do so by the Control Party in writing. 
 6.6 The Trustee May File Proofs of Claim. The Trustee
is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses and disbursements of the Trustee, its
agents and counsel), the Noteholders and any other Secured Party (as applicable) allowed in any judicial proceedings relative to any Guarantor (or any other obligor upon the Notes), its creditors or its property, and shall be entitled and empowered
to collect, receive and distribute any money or other property payable or deliverable on any such claim and any custodian in any such judicial proceeding is hereby authorized by each Noteholder and each other Secured Party to make such payments to
the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Noteholders or any other Secured Party, to pay the Trustee any amount due to it for the reasonable compensation, expenses and disbursements
of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 10.5 of the Base Indenture. To the extent that the payment of any such compensation, expenses and disbursements of the Trustee, its agents and counsel,
and any other amounts due the Trustee under Section 10.5 of the Base Indenture out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all
distributions, dividends, money and other properties which any of the Noteholders or any other 

  
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Secured Party may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to
authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Noteholder or any other Secured Party any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Noteholder
or any other Secured Party, or to authorize the Trustee to vote in respect of the claim of any Noteholder or any other Secured Party in any such proceeding. 

6.7 Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Agreement or in any suit
against the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of any undertaking to pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable and documented attorneys’ fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.7 does not
apply to a suit by the Trustee, a suit by a Noteholder pursuant to Section 9.8 of the Base Indenture, a suit by the Control Party or a suit by Noteholders of more than 10% of the Aggregate Outstanding Principal Amount of all Series of
Notes. 
 6.8 Restoration of Rights and Remedies. If the Trustee, any Noteholder or any other Secured Party has
instituted any Proceeding to enforce any right or remedy under this Agreement and such Proceeding has been discontinued or abandoned or dismissed for any reason or has been determined adversely to the Trustee or to such Noteholder or other Secured
Party, then and in every such case the Trustee and the Noteholders shall, subject to any determination in such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the
Trustee, the Noteholders and the other Secured Parties shall continue as though no such Proceeding had been instituted. 

6.9 Rights and Remedies Cumulative. No right or remedy herein conferred upon or reserved to the Trustee or to the
Holders of Notes or any other Secured Party is intended to be exclusive of any other right or remedy, and every right or remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given under this
Agreement or any other Transaction Document or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy under this Agreement or any other Transaction Document, or otherwise, shall not prevent the
concurrent or future assertion or employment of any other appropriate right or remedy. 
 6.10 Delay or Omission Not
Waiver. No delay or omission of the Trustee, the Control Party, the Controlling Class Representative, any Holder of any Note or any other Secured Party to exercise any right or remedy accruing upon any Potential Rapid Amortization Event,
Rapid Amortization Event, Lessee Payment Default Rapid Am Event, Default or Event of Default shall impair any such right or remedy or constitute a waiver of any such Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of
Default or an acquiescence therein. Every right and remedy given by this Section 6 or by law to the Trustee, the Control Party, the Controlling Class Representative, the Holders of Notes or any other Secured Party may be exercised from
time to time to the extent not inconsistent with the Indenture or this Agreement, and as often as may be deemed expedient, by the Trustee, the Control Party, the Controlling Class Representative, the Holders of Notes or any other Secured Party,
as the case may be. 
 6.11 Waiver of Stay or Extension Laws. Each Guarantor covenants (to the extent that it may
lawfully do so) that it shall not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, that may affect the
covenants or the performance of this Agreement or any other 

  
 18 

 
Transaction Document; and each Guarantor (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantages of any such law, and covenants that it shall not hinder,
delay or impede the execution of any power herein granted to the Trustee, the Control Party or the Controlling Class Representative, but shall suffer and permit the execution of every such power as though no such law had been enacted. 

6.12 Government Approvals. Notwithstanding anything to the contrary contained in any Transaction Document, any
foreclosure on or sale or other transfer or disposition of any of the Collateral pursuant to the Spectrum Realization Procedures or otherwise, including by way of a sale, transfer, or disposition of Equity Interests in the License Holders or the
Issuers, or other exercise of remedies in respect of the Collateral (a “Disposition”), that results in changing the de jure or de facto control of the Directly-Held Licenses or de facto control of the
Third-Party Leased Licenses from the License Holders to any other Person shall be conducted in accordance with the Communications Laws and, if and to the extent required thereby, subject to the prior approval of the FCC or any other applicable
Governmental Authority. Any Disposition that results in the transfer of any rights to use the spectrum encompassed by any Third-Party Lease Agreement shall require the consent of the Third-Party Lease Counterparty thereunder to the extent required
therein, after giving effect to the Third-Party Lease Consent/Assignments. Each Guarantor agrees to take any lawful action that may be necessary or desirable which the Back-Up Manager or the Trustee may reasonably request in order to obtain and
enjoy the full rights and benefits granted to the Secured Parties by the Transaction Documents, including specifically, after the occurrence and during the continuance of an Event of Default or after the occurrence of a Lessee Payment Default Rapid
Am Event, the use of such Guarantor’s best efforts to assist in obtaining any approval of the FCC and any other Governmental Authority that is then required under the Communications Laws or under any other applicable Requirements of Law and any
required consents under the Third-Party Lease Agreements after giving effect to the Third-Party Lease Consent/Assignments for any action or transaction contemplated by any Transaction Document, including the sale or other transfer or disposition of
Collateral pursuant to the Spectrum Realization Procedures or otherwise following the occurrence and during the continuance of an Event of Default. Such efforts shall include, to the extent permitted by the Communications Laws, sharing with the
Back-Up Manager and the Trustee any FCC registration numbers, account numbers and passwords for the FCC’s electronic filing system, and preparing, certifying and filing (or causing to be prepared, certified and filed) with the FCC or any other
applicable Governmental Authority any portion of any application or applications for approval of the assignment or other transfer of control of the Licenses, the Third-Party Lease Agreements or any Issuer or Guarantor required to be filed under
Communications Laws for approval of any sale or other transfer or disposition of any part of the Collateral. 
 SECTION 7 

THE TRUSTEE’S AUTHORITY 

Each Guarantor acknowledges that the rights and responsibilities of the Trustee under this Agreement with respect to any
action taken or omitted by the Trustee or the exercise or non-exercise by the Trustee of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the
Trustee and the other Secured Parties, be governed by the Indenture and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Trustee and the Guarantors, the Trustee shall be conclusively
presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, it being understood that the Trustee (at the direction of the Control Party (at the direction of the Controlling
Class Representative)) and the Control Party (at the direction of the Controlling Class Representative) directly shall be the only parties entitled to exercise remedies under this 

  
 19 

 
Agreement; and no Guarantor shall be under any obligation, or entitlement, to make any inquiry respecting such authority. The Trustee (including in its capacity as Securities Intermediary
pursuant to Article V of the Indenture) shall be afforded all of the same rights, protections, immunities and indemnities afforded to it under the Indenture as if the same were specifically set forth herein. 

SECTION 8 

MISCELLANEOUS 

8.1 Amendments. None of the terms or provisions of this Agreement may be amended, supplemented, waived or otherwise
modified except in accordance with Article XIII of the Base Indenture. 
 8.2 Notices. 

(a) Any notice or communication by the Guarantors or the Trustee to any other party hereto shall be in writing and delivered
in person or mailed by first-class mail (registered or certified, return receipt requested), facsimile or overnight air courier guaranteeing next day delivery, to such other party’s address: 

If to any Guarantor: 

Sprint Spectrum Guarantors 

c/o Sprint Spectrum, L.P. 

6200 Sprint Parkway 

Overland Park, Kansas 66251 

Attention: General Counsel 

Telephone number: (855)-848-3280 

If to the Trustee: 

Deutsche Bank Trust Company Americas, as Trustee 

60 Wall Street, 16th floor, Mail Stop NYC60-1625 

New York, NY 10005 

Phone: 212-250-4855 

Attn: Lou Bodi – Deal ID SPRT16 

(b) The Guarantors or the Trustee by notice to each other party may designate different addresses for subsequent notices or
communications. 
 (c) Any notice (i) given in person shall be deemed delivered on the date of delivery of such
notice, (ii) given by first class mail shall be deemed given five (5) days after the date that such notice is mailed, (iii) delivered by facsimile shall be deemed given on the date of delivery of such notice, (iv) delivered by
overnight air courier shall be deemed delivered one (1) Business Day after the date that such notice is delivered to such overnight courier, (v) other than any notices to be provided to the Trustee (which notices shall be provided in
accordance with clauses (i) through (iv) of this clause (c)) when posted on a password-protected website shall be deemed delivered after notice of such posting has been provided to the recipient and (vi) delivered by email shall be
deemed delivered on the date of delivery of such notice. 

  
 20 

 (d) Notwithstanding any provisions of this Agreement to the contrary, the
Trustee shall have no liability based upon or arising from the failure to receive any notice required by or relating to this Agreement or any other Transaction Document. 

8.3 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK. 
 8.4 Successors. All agreements of each of the Guarantors in this Agreement and each
other Transaction Document to which it is a party shall bind its successors and assigns; provided, that no Guarantor may assign its obligations or rights under this Agreement or any Transaction Document, except with the written consent of the
Control Party (not to be unreasonably withheld or delayed) to the Trustee or as expressly contemplated by the Transaction Documents. All agreements of the Trustee in the Indenture and in this Agreement shall bind its successors as permitted by the
Transaction Documents. 
 8.5 Severability. In case any provision in this Agreement shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

8.6 Counterpart Originals. This Agreement may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single agreement. 

8.7 Table of Contents, Headings, etc. The Table of Contents and headings of the Sections of this Agreement have been
inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 

8.8 Waiver of Jury Trial. EACH OF THE GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

8.9 Submission to Jurisdiction; Waivers. EACH OF THE GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY AND UNCONDITIONALLY:

 (a) SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND THE OTHER
TRANSACTION DOCUMENTS TO WHICH IT IS A PARTY, OR FOR RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF, TO THE NON-EXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN
NEW YORK COUNTY, THE COURTS OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY THEREOF; 

(b) CONSENTS THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS AND WAIVES ANY OBJECTION THAT IT MAY NOW OR
HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION OR PROCEEDING WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME; 

  
 21 

 (c) AGREES THAT SERVICE OF PROCESS IN ANY SUCH ACTION OR PROCEEDING MAY BE
EFFECTED BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE PREPAID, TO THE GUARANTORS OR THE TRUSTEE, AS THE CASE MAY BE, AT ITS ADDRESS SET FORTH IN SECTION 8.2 OR AT SUCH OTHER
ADDRESS OF WHICH THE TRUSTEE OR GUARANTORS SHALL HAVE BEEN NOTIFIED PURSUANT THERETO; 
 (d) AGREES THAT NOTHING HEREIN
SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR SHALL LIMIT THE RIGHT TO SUE IN ANY OTHER JURISDICTION; AND 

(e) WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY LEGAL ACTION OR
PROCEEDING REFERRED TO IN THIS SECTION 8.9 ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES. FOR THE AVOIDANCE OF DOUBT, THIS CLAUSE (e) SHALL NOT LIMIT THE RIGHT OF ANY INDEMNIFIED PARTY HEREUNDER TO THE INDEMNIFICATION AMOUNTS
OWED TO SUCH PARTY IN ACCORDANCE WITH THE TERMS HEREOF. 
 8.10 Termination; Partial Release. 

(a) This Agreement and any grants, pledges and assignments hereunder shall become effective on the date hereof and shall
terminate on the Termination Date. 
 (b) On the Termination Date, the Collateral shall be automatically released from the
Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Trustee and each Guarantor shall automatically terminate, all without delivery of any instrument or performance of
any act by any party, and all rights to the Collateral shall revert to the Guarantors. At the request and sole expense of any Guarantor following any such termination, the Trustee shall deliver to such Guarantor any Collateral held by the Trustee
hereunder, and execute and deliver to such Guarantor such documents as such Guarantor shall reasonably request and prepare to evidence such termination. 

8.11 Third Party Beneficiary. Each of the Secured Parties, the Back-Up Manager and the Controlling
Class Representative is an express third party beneficiary of this Agreement. 
 8.12 Entire Agreement. This
Agreement, together with the Indenture and the other Transaction Documents, contain a final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement
among the parties hereto with respect to the subject matter hereof, superseding all previous oral statements and writings with respect thereto. 

[Signature pages to follow] 

  
 22 

 IN WITNESS WHEREOF, each of the Guarantors and the Trustee has caused this
Guarantee and Collateral Agreement to be duly executed and delivered by its duly authorized officer as of the date first above written. 
  

					
	SPRINT SPECTRUM PLEDGECO LLC
		
	By:	 	 /s/ Janet M. Duncan

		 	Name:	 	Janet M. Duncan
		 	Title:	 	Vice President and Treasurer

 
					
	 SPRINT SPECTRUM PLEDGECO II LLC

		
	 By:
	 	 /s/ Janet M. Duncan

		 	 Name:
	 	 Janet M. Duncan

		 	 Title:
	 	 Vice President and Treasurer

 
					
	 SPRINT SPECTRUM PLEDGECO III LLC

		
	 By:
	 	 /s/ Janet M. Duncan

		 	 Name:
	 	 Janet M. Duncan

		 	 Title:
	 	 Vice President and Treasurer

  

 
					
	SPRINT SPECTRUM LICENSE HOLDER LLC
		
	By:	 	 /s/ Janet M. Duncan

		 	 Name:
	 	Janet M. Duncan
		 	 Title:
	 	Vice President and Treasurer

  

 
					
	 SPRINT SPECTRUM LICENSE HOLDER II LLC

		
	 By:
	 	 /s/ Janet M. Duncan

		 	 Name:
	 	 Janet M. Duncan

		 	 Title:
	 	 Vice President and Treasurer

  

 
					
	 SPRINT SPECTRUM LICENSE HOLDER III LLC

		
	 By:
	 	 /s/ Janet M. Duncan

		 	 Name:
	 	 Janet M. Duncan

		 	 Title:
	 	 Vice President and Treasurer

  

 
					
	AGREED AND ACCEPTED:
	
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,

not in its individual capacity but solely as Trustee

		
	By:	 	 /s/ Louis Bodi

		 	Name	 	Louis Bodi
		 	Title:	 	Vice President
		
	By:	 	 /s/ Maria Inoa

		 	Name	 	Maria Inoa
		 	Title:	 	Assistant Vice President

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