Document:

Form of Indemnity Agreement for Directors and Officers

 Exhibit 10.1 
 FORM OF 
 INDEMNITY AGREEMENT 
 This Agreement is made and entered into as of
                    , by and between Pharmasset, Inc., a Delaware corporation (the “Company”), and [see attached
schedule] (“Indemnitee”): 
 WHEREAS, there is a general awareness that competent and experienced persons are
becoming more reluctant to serve as directors or officers of a publicly-held corporation unless they are provided with adequate protection against claims and actions against them for their activities on behalf of the corporation, generally through
insurance and indemnification; and 
 WHEREAS, the uncertainties in the interpretations of the statutes and regulations, laws and public
policies, relating to indemnification of corporate directors and officers are such as to make adequate, reliable assessment of the risks to which directors and officers of publicly-held corporations may be exposed difficult, particularly in light of
the proliferation of lawsuits against directors and officers; and 
 WHEREAS, the Board of Directors of the Company, based upon its business
experience, has concluded that the continuation of present trends in litigation against corporate directors and officers will inevitably make it more difficult for the Company to retain directors and officers of the highest competence committed to
the active and effective direction and supervision of the business and affairs of the Company and its subsidiaries and affiliates and the operation of their facilities, and the Board of Directors deems such consequences to be so detrimental to the
best interests of the Company’s stockholders that it has concluded that the Company should act to assure its directors and officers of maximum protection against inordinate risks attendant on their positions in order to ensure that the most
capable persons otherwise available will be attracted to such positions and, therefore, said directors have further concluded that it is not only reasonable and prudent but necessary for the Company to contractually obligate itself to indemnify to
the fullest extent permitted by applicable law its directors and officers and the directors and officers of its affiliates and to assume, to the maximum extent permitted by law, liability for expenses and liabilities that might be incurred by its
directors and officers in connection with claims lodged against them for their decisions and actions as directors or officers; and 
 WHEREAS, Section 145 of the General Corporation Law of the State of Delaware, under which law the Company is organized, empowers the Company to indemnify persons serving as a director, officer, employee or agent of the Company or a
person who serves at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, and further specifies that the indemnification provided by said section
“shall not be deemed exclusive of any other rights to which those seeking indemnification may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise,” and further empowers the Company to
“purchase and maintain insurance” (on behalf of such persons) “against any liability asserted against such person or incurred by such person in any such capacity, or arising out of such person’s status as such, whether or not the
[Company] would have the power to indemnify such person against such liability” under Section 145 of the General Corporation Law of the State of Delaware; and 
 WHEREAS, the Company has investigated the type of insurance available, to insure the directors and officers of the Company and its affiliates against expenses (including attorneys’ fees), judgments, fines and
amounts paid in settlement actually and reasonably incurred by them in connection with any action, suit or proceeding to which they are, or are threatened to be, made a party by reason of their status and/or decisions or actions in such positions,
has studied the nature and extent of the coverage provided by such insurance and the cost thereof to the Company, and has purchased such insurance to the extent reasonably available; however, upon receiving such information, and notwithstanding the
purchase 

 
of such insurance when reasonably available, which insurance is subject to certain significant exclusions and may cease to be available (even with such
exclusions), the directors of the Company have concluded that it would be in the best interests of the stockholders for the Company to contract to indemnify such persons as hereinafter provided; and 
 WHEREAS, the Company desires to have Indemnitee serve or continue to serve as a director or officer of the Company and/or as a director, officer,
employee, trustee, partner, agent or fiduciary of such other corporations, partnerships, joint ventures, employee benefit plans, trusts or other enterprises (herein collectively called “Affiliates of the Company”) of which
Indemnitee has been or is serving, or will serve at the request of the Company, free from undue concern for unpredictable, inappropriate or unreasonable claims for damages by reason of Indemnitee’s being a director or officer of the Company or
a director, officer, employee, trustee, partner, agent or fiduciary of an Affiliate of the Company, or by reason of Indemnitee’s decisions or actions on their behalf; and 
 WHEREAS, Indemnitee is willing to serve, or to continue to serve, or to take on additional service for, the Company and/or the Affiliates of the Company
in such aforesaid capacities on the condition that Indemnitee be indemnified as provided for herein; 
 NOW, THEREFORE, in consideration of
the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 
 1. Services to the
Company. Indemnitee will serve and/or continue to serve, at the will of the Company or under separate contract, if any such contract exists, as a director and/or officer of the Company and/or as a director, officer, employee, trustee, partner,
agent or fiduciary of an Affiliate of the Company faithfully and to the best of Indemnitee’s ability so long as Indemnitee is duly elected and qualified in accordance with the provisions of the bylaws or other applicable constitutive documents
thereof; provided that Indemnitee may at any time and for any reason resign from such position (subject to any contractual obligation which Indemnitee shall have assumed apart from this Agreement) and provided further that neither the Company nor
any Affiliate shall have any obligation under this Agreement to continue to maintain Indemnitee in any such position. 
 2.
Indemnification. 
 (A) The Company shall indemnify Indemnitee to the fullest extent permitted, and in the manner required, by
applicable law as in effect as of the date hereof or as such laws may, from time to time, be amended: 
 (a) if Indemnitee is
a person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Company)
by reason of the fact that Indemnitee is or was a director, officer, or employee of the Company, or is or was serving at the request of the Company as a director, officer, employee, trustee, partner, agent or fiduciary of an Affiliate of the
Company, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with such action, suit or proceeding if Indemnitee acted in good faith and in a
manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful; and 

 (b) if Indemnitee is a person who was or is a party or is threatened to be made a party
to any threatened, pending or completed action or suit by or in the right of the Company to procure a judgment in its favor by reason of the fact that Indemnitee is or was a director, officer or employee of the Company, or is or was serving at the
request of the Company as a director, officer, employee, trustee, partner, agent or fiduciary of an Affiliate of the Company against expenses (including attorneys’ fees) actually and reasonably incurred by Indemnitee in connection with the
defense or settlement of such action or suit if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, except that no such indemnification shall be made in respect
of any claim, issue or matter as to which such person shall have been adjudged to be liable to the Company unless and only to the extent that the Court of Chancery of the State of Delaware or the court in which such action or suit was brought shall
determine upon application that, despite the adjudication of liability but in view of all of the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery of the State of
Delaware or such other court shall deem proper. 
 (B) Notwithstanding any other provisions of this Agreement, to the extent Indemnitee has
been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in subsection (A)(a) or (b) of this Section 2, or in the defense of any claim, issue or matter therein, the Company shall indemnify
Indemnitee against expenses (including attorneys’ fees) actually and reasonably incurred by Indemnitee in connection therewith. 
 (C)
Notwithstanding anything to the contrary in the foregoing provisions of this Section 2, Indemnitee shall not be entitled, as a matter of right, to indemnification pursuant to this Section 2 (i) against and expenses incurred in
connection with any action, suit or proceeding commenced by Indemnitee against the Company or any person who is or was a director or officer of the Company or any of its affiliates, as defined in Rule 405 under the Securities Act of 1933
(“Securities Act Affiliate”), or any Affiliate of the Company, but such indemnification may be provided by the Company in a specific case as contemplated by Section 6 hereof, or (ii) in the event that Indemnitee has served
as a witness in cooperation with any party or entity that has threatened or brought any action, suit or proceeding, whether civil, criminal, administrative, or investigative, against the Company, any Securities Act Affiliate, any Affiliate of the
Company or any director, officer, employee, trustee, partner, agent or fiduciary of any thereof, but such indemnification may be provided by the Company in a specific case as contemplated by Section 6 hereof. 
 (D) The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its
equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which the person reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal
action or proceeding, had reasonable cause to believe that Indemnitee’s conduct was unlawful. 
 3. Partial Indemnification. If
Indemnitee is only partially successful in the defense, investigation, settlement or appeal of any action, suit, investigation or proceeding described in Section 2 hereof and therefore not entitled hereunder to indemnification by the Company
for the total amount of the expenses (including attorneys’ fees), judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee, the Company shall nevertheless indemnify Indemnitee to the extent
Indemnitee has been partially successful. 
 4. Determination of Entitlement to Indemnification. 
 (a) Upon written request by Indemnitee for indemnification pursuant to Section 2 hereof, the determination as to whether or not Indemnitee shall be
entitled to indemnification by reason of satisfying the applicable standard of conduct as set forth in Section 2 shall be made (i) by the Board of 

 
Directors of the Company by a majority vote of a quorum consisting of Disinterested Directors (as hereinafter defined) or, (ii) if such a quorum is not
obtainable or, even if obtainable, if the Board of Directors by the majority vote of Disinterested Directors so directs, by Independent Counsel (as hereinafter defined) in a written opinion to the Board of Directors, a copy of which shall be
delivered to Indemnitee, or (iii) by the stockholders. A determination as to the entitlement of Indemnitee to indemnification pursuant to Section 2 hereof shall be made as aforesaid not later than 60 days after the Company shall have
received a written request for indemnification. Indemnitee shall cooperate with the Company in making its determination as aforesaid of Indemnitee’s entitlement to indemnification, including providing to the Company upon reasonable advance
request any documentation or information reasonably available to Indemnitee and material to such determination. Any expenses (including attorneys’ fees) incurred by Indemnitee in so cooperating with the Company shall be borne by the Company and
the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom irrespective of the outcome of the determination as to Indemnitee’s satisfaction of the applicable standard of conduct set forth in Section 2. 
 (b) The termination of any action, suit, investigation or proceeding described in Section 2 hereof by judgment, order, settlement or conviction, or
upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption for the purposes of this Agreement that Indemnitee did not act in good faith and in a manner that Indemnitee reasonably believed to be in or not opposed to
the best interests of the Company and, with respect to any criminal action or proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful. 
 (c) In making a determination pursuant to Section 4(a) hereof as to whether or not Indemnitee satisfied the applicable standard of conduct set forth
in Section 2 hereof, the person or persons making such determination shall presume that Indemnitee met the applicable standard of conduct set forth in Section 2(A)(a), 2(A)(b) or 2(B), as the case may be, absent evidence to the contrary
and the absence or unavailability of evidence on the matter to be decided, Indemnitee shall be entitled to the benefit of such presumption. The Company shall have the burden of proof in the making of any determination contrary to such presumption.

 (d) For purposes of this Agreement: 
 (i) “Disinterested Director” with respect to any request by Indemnitee for indemnification hereunder shall mean a director of the Company who is or was not a party to or a subject of the action, suit,
investigation or proceeding in respect of which indemnification is being sought by Indemnitee. 
 (ii) “Independent
Counsel” shall mean a law firm or a member of a law firm that neither is nor in the past five years has been retained to represent in any material matter the Company or any Securities Act Affiliate or Indemnitee or any other party to the
action, suit, investigation or proceeding giving rise to a claim for indemnification hereunder and which, under applicable standards of professional conduct then prevailing, would not have a conflict of interest in representing either the Company or
Indemnitee in an action to determine Indemnitee’s right to indemnification under this Agreement and which is reasonably acceptable to the Company and Indemnitee. For purposes hereof, counsel shall not be deemed to regularly represent any
government or governmental entity which may have commenced any action, suit, investigation or proceeding or be asserting any claim against Indemnitee solely by reason of having regularly represented any department, commission, authority, subdivision
or public benefit corporation of or created by such government or governmental entity which is a party to such action, suit, investigation or proceeding or before which it is being prosecuted or which is making any such claim. The fees and expenses
of counsel in connection with making any determination 

 
contemplated hereunder shall be paid by the Company and, if requested by such counsel, the Company shall give such counsel an appropriate written agreement
with respect to the payment of their fees and expenses and such other matters as may be reasonably requested by counsel. 
 (e) In the event
that a determination shall be made pursuant to (i) Section 4(a) hereof that Indemnitee shall not be entitled to indemnification hereunder in respect of any claim made by Indemnitee therefor by reason of Indemnitee’s failing to satisfy
the applicable standard set forth in Section 2 hereof, or (ii) Section 5 hereof not to pay Indemnitee’s expenses, or in the event such determination is not made, Indemnitee shall be entitled, at Indemnitee’s option, to a
final judicial determination or determination in arbitration of Indemnitee’s entitlement to indemnification hereunder in respect of such claim (including application of the standards set forth in Section 4(b) and (c) hereof to the
making of such determination) or Indemnitee’s entitlement to such an advancement of expenses pursuant to Section 5 hereof. In the event Indemnitee seeks a judicial determination, Indemnitee may initially seek such determination by
commencing an appropriate action in an appropriate court of the State of Delaware or any other court of competent jurisdiction. In the event Indemnitee seeks a determination in arbitration, such arbitration shall be conducted pursuant to the rules
of the American Arbitration Association and any such determination shall be made within 60 days of following the filing of the demand for arbitration. The Company shall not raise as a defense in any such judicial determination or determination in
arbitration of the entitlement of Indemnitee to indemnification hereunder any prior determination made pursuant to this Agreement of Indemnitee’s right to indemnification under this Agreement on any other claim or advancement of expenses on
such claim or any other claim, and for all purposes of this Agreement any such judicial determination or determination in arbitration shall be made de novo and without prejudice by reason of any such prior determination. The Company further agrees
to stipulate to any court or arbitrator in which such action or arbitration shall have been commenced or appealed that the Company agrees to be bound, for the purposes of such judicial determination or determination in arbitration, by the
presumption and burden of proof provisions set forth in Section 4(c) hereof. If the court or arbitrator shall determine that Indemnitee is entitled to indemnification or advancements hereunder as to any expenses (including attorneys’
fees), judgments, penalties, fines and amounts paid in settlement in respect of any claim, issue or matter involved in the action, suit, investigation or proceeding in respect of which indemnification is sought hereunder, the Company shall pay all
expenses (including attorneys’ fees) actually incurred by Indemnitee in connection with such judicial determination or determination in arbitration (including, but not limited to, any appellate proceedings). 
 (f) If, and to the extent it is finally determined hereunder that Indemnitee is not entitled to indemnification, or is entitled only to partial
indemnification, Indemnitee agrees to reimburse the Company for all expenses advanced or prepaid hereunder, or the proper proportion thereof, as the case may be, within 180 days after receipt of an itemized written statement therefor from the
Company, other than the expenses of (i) obtaining the judicial determination referred to in Sections 4(e) and 5 hereof, (ii) cooperating with the Company in making its determination, as set forth in Section 4(a) hereof, or
(iii) obtaining the opinion of Independent Counsel pursuant to Section 4(a) hereof. 
 5. Advancement of Expenses. All
reasonable expenses (including attorneys’ fees) incurred by Indemnitee in preparing to serve or serving as a witness or in investigating, defending, or appealing any threatened, pending or completed civil or criminal action, suit or proceeding,
administrative or investigative, described in Section 2 hereof and not excluded by clause (i) or (ii) of Section 2(d), or in connection with a judicial determination or determination in arbitration pursuant to Section 4(e)
or 5 hereof, shall be paid by the Company (in advance of the final disposition of such action, suit or proceeding) at the request of Indemnitee within 20 days after the receipt by the Company from Indemnitee of a statement reasonably evidencing the
expenses incurred by Indemnitee in connection therewith, and averring that they do not relate to matters described in the aforesaid clause (i) or (ii) of Section 2(d), together with a written undertaking by or on behalf of Indemnitee
to repay such amount if it 

 
is ultimately determined that Indemnitee is not entitled to be indemnified against such expenses by the Company as provided by this Agreement, the
Company’s Certificate of Incorporation or Bylaws, applicable law or otherwise. Except when such advances relate to service as a witness only, the Board of Directors shall make a determination in the specific case regarding Indemnitee’s
entitlement to such advancements of expenses within 14 days after receipt of the aforesaid statement and undertaking. In the event the Board of Directors determines not to so pay Indemnitee’s expenses, Indemnitee shall be entitled, at
Indemnitee’s option, to a judicial determination or determination in arbitration of Indemnitee’s right to such advancement of expenses as set forth in Section 4(e) hereof. 
 6. Other Rights to Indemnification. The indemnification and advancement of expenses (including attorneys’ fees) provided by this Agreement
shall not be deemed exclusive of any other rights to which Indemnitee may now or in the future be entitled under any provision of law, the Certificate of Incorporation or any Bylaw of the Company or any other agreement or any vote of stockholders or
directors or otherwise, whether as to action in Indemnitee’s official capacity or in another capacity while occupying any of the positions or having any of the relationships referred to in Section 2 of this Agreement. The Company shall
not, however, be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder (or for which advancement is provided hereunder) if and to the extent that Indemnitee has otherwise actually received such payment under
any insurance policy, contract, agreement or otherwise. 
 7. Merger or Consolidation of the Company. 
 (a) In the event that the Company or a Securities Act Affiliate of the Company shall be a constituent corporation in a consolidation or a merger, whether
or not the Company or such Securities Act Affiliate of the Company, as the case may be, is the resulting or surviving corporation, Indemnitee shall stand in the same position under this Agreement with respect to the resulting or surviving
corporation as Indemnitee would have stood with respect to the Company if its separate existence had continued or with respect to the Securities Act Affiliate of the Company if such affiliation had continued. 
 (b) In addition to any other provision of this Agreement, the Company hereby covenants and agrees that it will not consummate any consolidation, merger
or other business combination nor will it transfer 50% or more of its assets (in one or a series of related transactions) unless the ultimate parent of the other party to such transaction, whether or not in the event of a business combination the
Company is the surviving entity, shall have executed an agreement stating that such party (i) shall use its best efforts to maintain any director and officer insurance policy in an amount and with coverage no less favorable than that which
exists as of the date hereof, or the closest practicable equivalent thereto; (ii) shall indemnify Indemnitee, except in the circumstances set forth in Sections 2(d)(i) and (ii) of this Agreement, against any expenses (including
attorneys’ fees), judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with any suit or proceeding, whether civil, criminal, administrative or investigative in nature, to which
Indemnitee was or is made a party or witness or is threatened to be made a party or witness, by reason of the fact that Indemnitee is or was a director, officer or employee of the Company or is or was serving at the request of the Company as a
director, officer, employee, trustee, partner, agent or fiduciary of an Affiliate of the Company, or by reason of anything done or not done by Indemnitee in such capacity; and (iii) shall pay, except in the circumstances set forth in Sections
2(d)(i) and (ii) (in advance of the final disposition of the action, suit or proceeding) all reasonable expenses (including attorneys’ fees) incurred by Indemnitee in preparing to serve or serving as a witness or in investigating,
defending or appealing any threatened, pending or completed civil or criminal action, suit or proceeding, administrative or investigative, in each case within 20 days of the submission by Indemnitee of a statement requesting the payment of such
expenses and reasonably evidencing the expenses incurred by Indemnitee in connection therewith. 

 8. Attorneys’ Fees. In the event that Indemnitee is subject to or intervenes in any legal
action in which the validity or enforceability of this Agreement is at issue or institutes any legal action to enforce Indemnitee’s rights under, or to recover damages for breach of, this Agreement (other than an action referred to in
Section 4(e) hereof), Indemnitee, if Indemnitee prevails in whole or in part in such legal action, shall be entitled to recover from the Company and shall be indemnified by the Company against, any actual expenses for attorneys’ fees and
disbursements reasonably incurred by Indemnitee. 
 9. Duration of Agreement; Successors and Assigns. 
 (a) All agreements and obligations of the Company contained herein shall continue during the period Indemnitee is a director, officer, employee or other
agent of the Company (or is or was serving at the request of the Company as a director, officer, employee, trustee, partner, agent or fiduciary of any Affiliate of the Company) and shall continue thereafter so long as Indemnitee shall be subject to
any possible claim or threatened, pending or completed action, suit or proceeding, whether civil, criminal, arbitrational, administrative or investigative, by reason of the fact that Indemnitee was serving in the capacity referred to herein.

 (b) This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and
Indemnitee’s spouse, heirs, devisees, executors and administrators. 
 10. Severability. If any provision or provisions of this
Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever (i) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, all portions of any paragraphs
of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby, and (ii) to the fullest extent
possible, the provisions of this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable that are not themselves invalid, illegal or
unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable. 
 11. Identical Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one
such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 
 12. Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 
 13. Use of Certain Terms. As used in this Agreement, the words “herein,” “hereof,” and “hereunder” and other words
of similar import refer to this Agreement as a whole and not to any particular Section, paragraph, subparagraph or other subdivision. For purposes of this Agreement, references to “fines” shall include any excise taxes assessed on
Indemnitee with respect to any employee benefit plan; and references to “serving at the request of the Company” shall include any service as a director, officer, employee, trustee, partner, agent or fiduciary of the Company that imposes
duties on, or involves services by, Indemnitee with respect to any employee benefit plan, its participants or beneficiaries; and, if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the interest of the
participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement. 

 14. Modification and Waiver. No supplement, modification or amendment of this Agreement shall be
binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver
constitute a continuing waiver. 
 15. Notice by Indemnitee. Indemnitee agrees to promptly notify the Company in writing upon being
served with any summons, citation, subpoena, complaint, indictment, notice, information or other document relating to any matter that may be subject to indemnification covered hereunder, either civil, criminal or investigative. 
 16. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given if
(i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed or (ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which
it is so mailed: 
 (a) If to Indemnitee, at the address indicated on the signature page hereof. 
 (b) If to the Company, to: 
 Pharmasset,
Inc. 
 303-A College Road East 
 Princeton, NJ 08540 
 Attn: Secretary 
 or to such other address as either may subsequently furnish to the other in writing. 
 17. Governing Law. The parties hereto
agree that this Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to the conflicts of law principles thereof. 
 18. Subrogation. In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all the rights
of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights. 

 IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first above written.

  

							
	PHARMASSET, INC.	  		  	INDEMNITEE
		  		  		  	[See attached schedule]
				
	By:	  	  
	  		  	  

	Name:	  		  		  	Name:
	Title:	  		  		  	  

		  		  		  	(street address)
				
		  		  		  	  

		  		  		  	(city, state)

 SCHEDULE OF DIFFERENCES 
 Other than the identification of the Indemnitee, each Agreement executed with the directors and executive officers listed below is substantially the same as this form
and as each other. 
  

					
	 Name
	  	 Position
	  	 Date Entered Into

	 P. Schaefer Price
	  	President and Chief Executive Officer	  	April 25, 2007
			
	 Kurt Leutzinger
	  	Chief Financial Officer	  	April 25, 2007
			
	 Michael Rogers
	  	Chief Development Officer	  	November 1, 2007
			
	 Michelle Berrey, M.D.
	  	Chief Medical Officer	  	April 25, 2007
			
	 Michael J. Otto, Ph.D.
	  	Chief Scientific Officer	  	April 25, 2007
			
	 G. Steven Burrill
	  	Chairman of the Board of Directors	  	April 25, 2007
			
	 William J. Carney
	  	Director	  	April 25, 2007
			
	 Herbert J. Conrad
	  	Director	  	March 25, 2008
			
	 Elliot F. Hahn
	  	Director	  	April 25, 2007
			
	 Michael K. Inouye
	  	Director	  	April 25, 2007
			
	 Fredric D. Price
	  	Director	  	April 25, 2007
			
	 Robert F. Williamson III
	  	Director	  	April 25, 2007Amendment No. 5 to Amended and Restated PCS Services Agreement

 Exhibit 10.2 
 Fifth Amendment to Amended and Restated PCS Services Agreement 
 Between Sprint Spectrum L.P. and
Virgin Mobile USA, L.P. 
 This Fifth Amendment (“Fifth Amendment”) is made to that certain Amended and Restated PCS Services Agreement between
Sprint Spectrum L.P. (“Sprint PCS”) and Virgin Mobile USA, L.P. (formerly Virgin Mobile USA, LLC) (“VMU”) dated October 16, 2007, as amended, (the “PCS Services Agreement”). The following modified and
added terms and conditions are made a part of the Agreement commencing on the Acquisition Closing Date, as defined in the Recitals below (“Fifth Amendment Commencement Date”). Capitalized terms not defined in this Amendment are defined in
the PCS Services Agreement. 
 Recitals 
 Sprint and EarthLink, Inc. previously entered into that certain PCS Services Agreement, dated June 18, 2004, which was assigned to Helio LLC (f/k/a SK-EarthLink LLC) (“Helio”) on March 23, 2005 (as assigned and amended,
the “Helio Agreement”), whereby Helio purchases PCS Service (as defined therein) from Sprint PCS, and resells the PCS Service to Helio’s end user customers under the terms and conditions contained in the Helio Agreement. 

Contemporaneously herewith, VMU is entering into a definitive agreement with Helio to acquire Helio’s assets, including its end user customers (the
“Acquisition Agreement”). On the date the Acquisition Agreement closes (“Acquisition Closing Date”), this Fifth Amendment will become effective, Helio’s end user customers under the Helio Agreement will become End Users
under the PCS Services Agreement, and the Helio Agreement will be terminated. 
  

	1.	Notwithstanding anything contained in the PCS Services Agreement or this Fifth Amendment to the contrary, if the Acquisition Closing Date does not occur on or before
October 31, 2008, then this Fifth Amendment shall become null and void, and deleted in its entirety. 

  

	2.	Section 1 (Definitions) of the PCS Services Agreement is amended as follows: 

  

	 	A.	The following new definitions are added: 

 “BMF” or “Business Mobility Framework” means the interface point between a control-plane location application and the Sprint PCS Network. 
 “Control-Plane Application Server” means an application server for Control-Plane LBS provided by VMU that resides on either VMU’s or
its third party provider’s network. 
 “Control-Plane LBS” means control-plane location based services that allow an End
User with a Control-Plane Requesting Device to obtain geographically relevant information for either (i) such End User’s Control-Plane Target Handset, or (ii) another End User’s Control-Plane Target Handset, in near real time, as
described in more detail in the Agreement, Schedule 1.0 and the Operations Manual. 
  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	1

 “Control-Plane Location Application” means an application utilizing control-plane
location technology residing on the Control-Plane Application Server that is accessed by a Control-Plane Requesting Device, which then connects to the Sprint PCS BMF to request location information for a Control-Plane Target Handset. When the
requested location information is provided through the Sprint PCS BMF to the Control-Plane Location Application, it then returns the location information to the Control-Plane Requesting Device. VMU must ensure that its Control-Plane Location
Applications use Sprint PCS’ then-current version of the BMF interface as the same may change from time to time, including upgrading to a new BMF interface version if Sprint PCS upgrades to a new BMF interface version. 
 “Control-Plane Location Look-Up” means the process whereby: (i) a Control-Plane Requesting Device initiates a request for location
information for a Control-Plane Target Handset by accessing a Control-Plane Location Application, (ii) the Control-Plane Location Application then sends the location information request through the Control-Plane Application Server to the Sprint
PCS BMF, (iii) the Sprint PCS BMF then utilizes the Control-Plane Location Platform to determine the approximate location of the Control-Plane Target Handset via assisted GPS, triangulation, time difference of arrival, or cell sector, and
returns corresponding latitude/longitude/accuracy/ time components to the Control-Plane Location Application, and (iv) the Control-Plane Location Application then returns the location information for the Control-Plane Target Handset to the
Control-Plane Requesting Device. 
 “Control-Plane Location Platform” means the hardware, software and systems that are part
of the Sprint PCS Network to enable a Control-Plane Location Look-Up for a Control-Plane Target Handset. 
 “Control-Plane Requesting
Device” means either: (i) an End User handset that is approved on the Sprint PCS Network, or (ii) any device, that has authorization to request location information for a Control-Plane Target Handset by accessing a Control-Plane
Location Application through the Control-Plane Application Server, as described in more detail in the Agreement and the Operations Manual. 
 “Control-Plane Target Handset” means an End User’s handset or device that supports the “Idle Mode Query” capability and is approved on the Sprint PCS Network, for which a Control-Plane Requesting Device can
request location information. The ability for an End User’s Control-Plane Target Handset to be located or not located (blocked) will be determined through an “opt in”, “opt out” type process that VMU will make available
through either the End User’s Control-Plane Target Handset or a Control-Plane Location Application. 
 “SMS” or
“Short Messaging Service” means short alphanumeric messages using Sprint PCS’ short message gateway and service center. 
 “Sprint 2G Data Service” means the following 2G PCS Service: (i) browsing the Internet using a browser-enabled, data-compatible handset; or (ii) other Sprint PCS provided data connectivity described in this
Agreement. 
 “Sprint 3G Data Transport Service” means the transmission of data packets using Sprint PCS’ CDMA 1xRTT and
EVDO packet data switching network. 
 “Travel 3G Data Transport” means (i) End User 3G Data Transport usage on Sprint
PCS Service Provider Affiliate Networks for End Users with MIN’s assigned within the Sprint PCS Network coverage that is not Sprint PCS Service Provider Affiliate Network coverage; 

  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	2

 
and (ii) End User 3G Data Transport usage on the Sprint PCS Network (that is not Sprint PCS Service Provider Affiliate Network coverage) or another
Sprint PCS Service Provider Affiliate Network by End Users with MIN’s assigned within a Sprint PCS Service Provider Affiliate Network coverage area. 
 “Travel MOU” means (i) End User voice PCS Service or Sprint 2G Data Service minutes of use on Sprint PCS Service Provider Affiliate Networks for End Users with MIN’s assigned within the
Sprint PCS Network coverage that is not Sprint PCS Service Provider Affiliate Network coverage; and (ii) End User voice PCS Service or Sprint 2G Data Service minutes of use on the Sprint PCS Network (that is not Sprint PCS Service Provider
Affiliate Network coverage) or another Sprint PCS Service Provider Affiliate Network by End Users with MIN’s assigned within a Sprint PCS Service Provider Affiliate Network coverage area. 
 “User-Plane LBS” means user-plane location based services that allow an End User to obtain geographically relevant information only for
such End User’s own handset, in near real time, where requests for location information for an End User’s handset may only be initiated from such End User’s own handset, as described in more detail in the Agreement, Schedule 1.0 and
the Operations Manual. 
 “User-Plane Location Application” means an application that utilizes user-plane location technology
to provide services on a User-Plane Location Handset and uses the location information provided through a User-Plane Location Look-Up. 
 “User-Plane Location Handset” means a handset or device that: (i) has a QualComm 6100 series (or greater) chipset (or another manufacturer’s comparable chipset), (ii) runs the Java MIDP 2.0 (or higher)
software version, (iii) is GPS capable, and (v) is certified on the Sprint PCS Network as described in more detail in the Agreement. 
 “User-Plane Location Look-Up” means the process whereby the User-Plane Location Platform, after receiving a request for location information from a User-Plane Location Handset utilizing a User-Plane Location Application,
determines the approximate location of such User-Plane Location Handset via assisted GPS, triangulation, time difference of arrival, or cell sector, and returns corresponding latitude/longitude/accuracy/ time components to the User-Plane Location
Handset. 
 “User-Plane Location Platform” means the hardware, software and systems that are part of the Sprint PCS Network
to enable a User-Plane Location Look-Up for a User-Plane Location Handset. 
  

	 	B.	The following definitions are deleted: 

  

	 	•	 	 “Airtime Pricing Matrix” 

  

	 	•	 	 “Churn” 

  

	 	•	 	 “Cost of Capital” 

  

	 	•	 	 “Cost of Service” 

  

	 	•	 	 “Cost of Service Formula” or “Formula” 

  

	 	•	 	 “End User Lifetime Value” 

  

	 	•	 	 “Margin” 

  

	 	•	 	 “Subscribers” 

  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	3

	 	C.	The definition of “Customized Service Costs” is deleted in its entirety and replaced with the following: 

 “Customized Service Costs” means all costs related to the provision and use of a Customized Service developed for use by VMU, plus a
commercially reasonable margin not to exceed 30%, as mutually agreed upon by the parties. Customized Service Costs are distinguished from, incremental to and not duplicative of PCS Service charges described in Schedule 1.0 to this Agreement and
Implementation Costs for which VMU is also liable. 
  

	 	D.	The definition of “Implementation Costs” is deleted in its entirety and replaced with the following: 

 “Implementation Costs” are all costs incurred by Sprint PCS (internal resources and third party charges) to launch any service or
platform (including any Customized Service), including analysis, planning, development, implementation, and testing, plus a commercially reasonable margin as set forth in the applicable Work Order. No costs will be included as both Implementation
Costs and as PCS Service charges as described in Schedule 1.0 to this Agreement or as a Customized Service Cost. Implementation Costs may include costs incurred before the Effective Date of this Agreement. 
  

	 	E.	The definition of “MOU” is deleted in its entirety and replaced with the following: 

 “MOU” has the meaning assigned to the term in Schedule 1.0. 
  

	 	F.	The definition of “PCS Service” is deleted in its entirety and replaced with the following: 

 “PCS Service” means the PCS service provided to VMU by Sprint PCS pursuant to this Agreement. PCS Service does not include Roaming.

  

	 	G.	The definition of “Successor Network” is deleted in its entirety and replaced with the following: 

 “Successor Network” means a wireless, mobile voice and data network that Sprint PCS (together with any of its Affiliates) owns and
controls, but does not include the iDEN network. For purposes of clarification, Successor Network does not include any third party network that Sprint PCS or its Affiliates may have access to by virtue of contractual relationship with a third party,
through roaming relationships or otherwise, unless otherwise agreed in writing by such third party, which “third party networks” include, but are not limited to, certain wireless broadband networks contemplated as part of the transactions
by and among Sprint, Clearwire, Google, Intel, Time Warner Cable, Comcast and Bright House Networks announced on or about May 7, 2008 or transactions related thereto (the “Contemplated Clearwire Networks”). Notwithstanding this
exclusion, if and after such contemplated transactions have received all necessary regulatory approvals and are fully consummated, Sprint PCS agrees to work to facilitate a discussion among representatives of VMU and the owner/operator of such
Contemplated Clearwire Networks with respect to whether there exists a mutually acceptable business relationship between VMU and such owner/operator, it being understood that Sprint PCS makes no representations whatsoever regarding the outcome of
any such discussions. If, with respect to any such Contemplated Clearwire Networks, Sprint PCS undertakes activities that would otherwise trigger the thresholds described in subsection (A) of the 

  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	4

 
definition of “Migration Start Date” and VMU is not given the opportunity to migrate its End users to such Contemplated Clearwire Networks
consistent with Section 2.18 (it being understood that there is no express or implied obligation on Sprint PCS or any other party to provide or negotiate to provide any such opportunity other than its obligation to work to facilitate a
discussion among representatives of VMU and the owner/operator of such Contemplated Clearwire Networks as set forth in the immediately preceding sentence), Sprint PCS will waive VMU’s obligations to exclusively use Sprint PCS’ Mobile Voice
and Data Services as VMU’s wireless service offering to End Users (as described in Section 2.7.1) solely to the extent necessary for VMU to utilize third party network services that are the same or substantially similar in functionality to
services then provided over the Contemplated Clearwire Networks. 
  

	3.	Section 2.5.1 (Customized Core Network Services) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 2.5.1. Customized Core Network Services 
 (a) If the requested Customized Service is within the then-existing capabilities of the Core Network, Sprint PCS will provide the
Customized Service to VMU. VMU will pay for its use of the Customized Service pursuant to the applicable costs negotiated by the parties. VMU will also pay any Customized Service Costs, it being understood that for any component of the Customized
Services that is a PCS Service priced in Schedule 1.0, Sprint PCS will charge VMU for that component of the Customized Service at such pricing listed in Schedule 1.0. 
 (b) If the requested Customized Service is not within the existing capabilities of the Core Network, then Sprint PCS may elect, in its
discretion, to develop the requested Customized Service for VMU. If Sprint PCS elects to develop the Customized Service the costs will be borne as follows: 
 (i) Sprint PCS may initially indicate its desire to use the Customized Service and share the Implementation Costs. In such event Sprint PCS and VMU will split the Implementation Costs evenly. Thereafter, VMU’s
price for Customized Service usage will be based on the costs negotiated by the parties and any Customized Service Costs. Jointly financed Customized Services will be available simultaneously to both Parties. 
 (ii) If Sprint PCS declines to indicate a desire to use the Customized Services, Sprint PCS may use the Customized Service for testing purposes but may
not provide it to Customers. VMU will pay all Implementation Costs related to the Customized Service. VMU will also pay all Customized Service Costs. 
 (iii) Sprint PCS may, in its sole discretion, later elect to use a Customized Service that it initially did not indicate a desire to use. If VMU has paid the Implementation Costs related to a Customized Service under
subsection (ii) above that Sprint PCS later elects to use, the allocation of Implementation Costs for such Customized Service will be split evenly as described in subsection (i) above and Sprint PCS will credit or refund VMU the
appropriate amount of Implementation Costs previously paid by VMU. Thereafter, VMU’s cost for Customized Service usage will be based on the applicable costs negotiated by the parties.  
 (c) VMU may not obtain Core Network Services or Customized Service related to Core Network Services except from Sprint PCS. 
  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	5

	4.	Section 2.5.2(a) and Section 2.5.2(b) of the PCS Services Agreement are deleted in their entirety and replaced as follows: 

 (a) If the requested Customized Service is within the existing capabilities of the then existing Network-Connected Elements, Sprint PCS
will provide the Customized Service to VMU. VMU will pay for its use of the Customized Service pursuant to the applicable costs negotiated by the parties. VMU will also pay any applicable Customized Service Costs. 
 (b) If the requested Network-Connected Customized Service is not within the capabilities of the then-existing Network-Connected Elements,
then Sprint PCS may elect, in its discretion, to develop the requested Customized Service for VMU. If Sprint PCS elects to develop the Customized Service hereunder, costs will be as set forth in subsections (i) through (iii) of
Section 2.5.1(b). 
  

	5.	Section 2.11 of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 2.11. Sale to Resellers 
 VMU will not, directly or indirectly (a) solicit, entertain or accept any offer of any reseller or (b) enter into any agreement or other arrangement, to sell or otherwise offer a reseller PCS Service, unless otherwise required by
applicable law. PCS Service purchased by a reseller from VMU or its End Users does not contribute to VMU’s monthly MOU volume tier contained in Section 2.1 of Schedule 1.0 of this Agreement. The prohibitions set forth in this
Section 2.11 include licensing or other similar arrangements whereby the wireless services provided under this Agreement are marketed and sold under the branding of a Person that is not VMU or its subsidiaries. 
  

	6.	Section 2.13(a) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 (a) If Sprint PCS enters into any agreements with any new Sprint PCS Service Provider Affiliates, Sprint PCS agrees to use commercially reasonable efforts
to obtain the right to provision the PCS Service to VMU in such new service areas, it being recognized that such Sprint PCS Service Provider Affiliates may require separate written agreements with VMU. 
  

	7.	Section 2.13(d) of the PCS Services Agreement is amended to delete the reference to subsection (a). 

  

	8.	Section 2.18.1(b) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 (b) During the first 90 days following the Migration Start Date the parties will use commercially reasonable efforts to negotiate a mutually acceptable
arrangement under which Sprint PCS would provide VMU with access to the Successor Network at levels of functionality that are the same or substantially similar to the levels of transmission functionality provided by Sprint PCS to its direct consumer
customers over the Successor Network, it being understood that VMU would remain subject to continued VMU wireless exclusivity to Sprint PCS as set forth in Section 2.7.1. While the Parties will look to the then existing wireless service
relationship as illustrative of a possible relationship with respect to such use of such Successor Network (including, but not limited to, the provisions related to pricing in Schedule 1.0), unless and until a binding definitive written agreement is
entered, there will be no binding agreement between the parties nor will any discussion or course of conduct impose any obligation or liability on the Parties with respect to such arrangement. If, after expiration of such 90 day period, the parties
are unable to reach a definitive written agreement VMU must, within 10 days following expiration of such 90 day period, elect to either (1) use the Successor Network as outlined in Section 2.18.1(c) below; or (2) terminate this
Agreement as outlined in Section 2.18.1(d) below. VMU’s failure to make an election within the designated timeframe as required by this subsection (b) will be deemed to be an election to use the Successor Network as outlined in
Section 2.18.1(c) below. 
  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	6

	9.	Section 2.18.1(c)(iii) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 (iii) As of the Migration Start Date, Sprint PCS will determine fixed rates for all PCS Services then provided to VMU pursuant to the applicable monthly
MOU volume tier contained in Section 2.1 of Schedule 1.0 of this Agreement. During the Migration Period and thereafter, for use of the Sprint Network VMU will be charged at rates equal to the lesser of: (A) rates determined under Schedule
1.0 of this Agreement; or (B) fixed rates determined as set forth immediately above. All use of the Successor Network will be at fixed rates determined as of the Migration Start Date, as set forth above. 
  

	10.	Section 2.18.1(d)(ii) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 (ii) As of the Migration Start Date, Sprint PCS will determine fixed rates for all PCS Services then provided to VMU pursuant to the applicable monthly
MOU volume tier contained in Section 2.1 of Schedule 1.0 of this Agreement. During the Migration Period and thereafter, for use of the Sprint Network VMU will be charged at rates equal to the lesser of: (A) rates determined under Schedule
1.0 of this Agreement; or (B) fixed rates determined as set forth immediately above. 
  

	11.	Section 2.18.2 of the PCS Services Agreement is amended to delete the phrase “derived from cost plus formulae”. 

  

	12.	Section 6.2 (Handset Handling Services) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 6.2. Handset Handling Services 
 VMU will be responsible for making its own arrangements to purchase compatible, Sprint PCS-certified and approved handsets from authorized manufacturers or handset fulfillment vendors as specified in the Operations
Manual. Sprint PCS may, from time to time, offer to VMU the handset handling and logistics services set forth in the Operations Manual and VMU, if VMU uses those services, will pay for those services as negotiated by the Parties under commercially
reasonable terms. Where permitted under contract and commercially reasonable, Sprint PCS will enable VMU to leverage Sprint PCS’ existing terms with equipment vendors. VMU will be solely responsible for all handset acquisition, handling and
distribution. VMU will be responsible for making its own arrangements to purchase accessories from manufacturers selected by VMU and arrange for delivery of those accessories directly to VMU. Sprint PCS will not provide any handling or logistics
services with respect to accessories unless expressly agreed by the Parties. Sprint PCS may, in its sole discretion, increase, decrease or discontinue the handset handling services that it provides to VMU, upon reasonable prior notice to VMU. Sprint
PCS will not be responsible for the handsets except as otherwise provided in this Agreement. With respect to handset certification and approval services, Sprint PCS will not arbitrarily or capriciously discriminate against VMU and any disparate
treatment will be based on Sprint PCS’ reasonable analysis of factors such as: projected volumes of sale of devices for which certification and approval is sought, prior performance against similar past projections, anticipated financial impact
to Sprint PCS from sales of devices (and associated services) for which certification and approval is sought, technical and logistical constraints including capacity limitations and those Sprint PCS internal efforts that are given priority for
reason of competitive advantage in the wireless industry, market differentiation, technology migration or replacement of deselected or malfunctioning devices. 
  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	7

	13.	Section 6 (Scope of PCS Service; Handset Handling; MIN Administration and Billing; Representation to End Users) of the PCS Services Agreement is amended to add the
following new subsections 6.7, 6.8 and 6.9: 

 6.7 Control-Plane LBS 
 6.7.1 VMU Requirements 
 Sprint PCS’ obligation to provide Control-Plane LBS is subject to the parties mutually agreeing to a Work Order. Prior to Sprint PCS providing the Control-Plane LBS, VMU will be required to: 
  

	 	(a)	implement Sprint Data Services under the Agreement; 

  

	 	(b)	either develop or purchase from a third party one or more Control-Plane Location Applications; 

  

	 	(c)	have each Control-Plane Location Application certified (as further described in this Section below and in the Operations Manual) by Sprint PCS through the Work Order process
described in the Operations Manual, at the cost determined therein; 

  

	 	(d)	request implementation, customization or interface development, as required, for each Control-Plane Location Application through the Work Order process, at the cost determined
therein; and 

  

	 	(e)	provide Control-Plane Target Handsets to End Users for which VMU wishes to provide Control-Plane LBS. 

 Sprint PCS’ certification of a Control-Plane Location Application only includes Sprint PCS certifying that the application requests and obtains
location information correctly as part of a Control-Plane Location Look-Up. VMU acknowledges that Sprint PCS will not certify the usefulness or effectiveness of a Control-Plane Location Application. Sprint PCS makes no warranties, express or
implied, regarding any Control-Plane Location Application, specifically, all implied warranties are disclaimed, including any warranties of merchantability, fitness for a particular purpose, use, or non-infringement. No one is authorized to make any
warranty regarding a Control-Plane Location Application on Sprint PCS’ behalf. Sprint is not liable to VMU for any damages, including special, indirect, incidental, exemplary, punitive or consequential damages, including loss of profits,
related to or arising out of a Control-Plane Location Application or an End User’s use thereof. Further, VMU agrees that it will fully indemnify and defend Sprint PCS for any claims against Sprint PCS relating to a Control-Plane Location
Application. 
 6.7.2 Control—Plane LBS 
 Once VMU has completed the prerequisites set forth in Section 6.7.1 (a) through (e) above, Sprint PCS will provide Control-Plane LBS
described herein and in the Operations Manual. VMU must sign up End Users to use Control-Plane LBS and instruct them on how to access a Control-Plane Location Application from a Control-Plane Requesting Device. When an End User with a Control-Plane
Requesting Device initiates a request for location information for a Control-Plane Target Handset, a Control-Plane Location Look Up will be performed, resulting 

  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	8

 
in location information for the Control-Plane Target Handset being returned to the Control-Plane Requesting Device. Sprint PCS will charge VMU the rates set
forth in Schedule 1.0 for Control-Plane Location Look-Ups. VMU must comply with the “Control-Plane LBS BMF Application Requirements” set forth in the Operations Manual. 
 6.8 User-Plane LBS 
 6.8.1 VMU Requirements 
 Sprint PCS’ obligation to provide User-Plane LBS is subject to the
parties mutually agreeing to a Work Order. Prior to Sprint PCS providing the User-Plane LBS, VMU will be required to: 
  

	 	(a)	implement Sprint Data Services under the Agreement; 

  

	 	(b)	either develop or purchase from a third party one or more User-Plane Location Applications; 

  

	 	(c)	have each User-Plane Location Application certified (as further described in this Section below and in the Operations Manual) by Sprint PCS through the Work Order process described
in the Operations Manual, at the cost determined therein; 

  

	 	(d)	request implementation, customization or interface development, as required, for each User-Plane Location Application through the Work Order process, at the cost determined therein;
and 

  

	 	(e)	provide User-Plane Location Handsets to End Users for which VMU wishes to provide User-Plane LBS. 

 Sprint PCS’ certification of a User-Plane Location Application only includes Sprint PCS certifying that the application requests and obtains location
information correctly as part of a User-Plane Location Look-Up. VMU acknowledges that Sprint PCS will not certify the usefulness or effectiveness of a User-Plane Location Application. Sprint PCS makes no warranties, express or implied, regarding any
User-Plane Location Application, specifically, all implied warranties are disclaimed, including any warranties of merchantability, fitness for a particular purpose, use, or non-infringement. No one is authorized to make any warranty regarding a
User-Plane Location Application on Sprint PCS’ behalf. Sprint PCS is not liable to VMU for any damages, including special, indirect, incidental, exemplary, punitive or consequential damages, including loss of profits, related to or arising out
of a User-Plane Location Application or an End User’s use thereof. Further, VMU agrees that it will fully indemnify and defend Sprint PCS for any claims against Sprint PCS relating to a User-Plane Location Application.
 6.8.2 User-Plane LBS 
 Once VMU has completed the prerequisites set forth in Section 6.8.1 (a) through (e) above, Sprint PCS will provide the User-Plane LBS described herein and in the Operations Manual. When an End User with a User-Plane Location
Handset initiates a User-Plane Location Application on their handset, and the User-Plane Location Application requests location information from Sprint PCS’ User-Plane Location Platform, the User-Plane Location Platform will perform a
User-Plane Location Look-Up and return the approximate location information to the User-Plane Location Application. Sprint PCS will charge VMU the rates set forth in Schedule 1.0 for User-Plane Location Look-Ups. User-Plane LBS will only apply to
User-Plane Location Handset-initiated requests for location information. 
  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	9

 6.9 Network Coverage and Availability of Location Data 
 Notwithstanding anything in this Agreement to the contrary, VMU acknowledges that the nature of wireless communications is such that coverage and quality
of services, including the generation and delivery of location data, can be affected by atmospheric, geographic, topographic or other conditions beyond Sprint PCS’ control and that interruption of services, unavailability of services due to
coverage or capacity limitations, and unavailability of location data as it relates to this Agreement may occur in the transmission or attempted transmission of wireless services including, but not limited to, location services offered by VMU to its
End Users. In consideration of the foregoing, VMU will market any location-based services (including, but not limited to, both User Plane LBS and Control Plane LBS) solely as a tool that may enhance End User’s wireless service and will include
in its communications to End Users an appropriate disclosure of the nature of wireless telecommunications services and the affect it may have on location-based services. 
  

	14.	Section 7.1 (Payment of Charges) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 7.1 Payment of Charges 
 VMU is liable and will pay Sprint PCS for all charges associated with the use of the PCS Service by VMU, including all costs under a Work Order. VMU will pay to Sprint PCS the charges for the PCS Services listed in and computed as set forth
in Schedule 1.0. Disputed charges are governed by the procedures set forth in Section 7.6. All charges under this Agreement are stated and are to be paid in US dollars. 
  

	15.	Section 7.2 (Airtime Pricing; 3G Data Transport Pricing; Transaction-Based Pricing) of the PCS Services Agreement is deleted in its entirety and replaced as
follows: 

 7.2 [Intentionally Deleted] 
  

	16.	Section 7.3 (Pricing for Customized Services) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 7.3 Pricing for Customized Services 
 VMU will pay for its use of the Customized Service pursuant to the applicable costs as negotiated by the parties under commercially reasonable terms. VMU will pay Sprint PCS all of the Customized Service Costs. VMU
will pay Sprint PCS for all or a portion of the Implementation Costs related to Customized Services as described in Section 2.5. Sprint PCS may invoice VMU periodically for such charges as they are incurred. 
  

	17.	Section 7.6 (Disputed Charges) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 7.6. Disputed Charges 
 VMU may, in good faith, withhold payment of the disputed portion of any invoice until the dispute is resolved or deemed resolved under this Section 7.6, provided that VMU must pay the undisputed amount of any invoice. VMU may not
withhold disputed amounts from subsequent amounts that become due. If VMU disputes its charges under this Agreement, then VMU must provide to Sprint PCS written notice of the disputed charges by the Due Date and a detailed explanation of the nature
of the dispute within 60 days after the Due Date of the invoice on which the disputed amount first appears. If VMU fails to dispute charges within 60 days of the 

  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	10

 
Due Date, VMU will be deemed to have waived any right to dispute such charges. Within 30 days of receipt of such explanation from VMU, Sprint PCS will
provide VMU with its good faith determination regarding disputed charges and, if appropriate, will credit VMU’s account within the 30 day period. If Sprint PCS determines that all or part of VMU’s disputed charges were not disputed in good
faith or that the basis of such dispute is not valid or is incorrect, Sprint PCS will provide VMU written notice of such determination and any amounts withheld by VMU will be due and owing under the terms of this Agreement within 10 days of receipt
of Sprint PCS’ written determination. If VMU disagrees with such determination by Sprint PCS the matter will be resolved in accordance with the dispute resolution process described in Section 17 below. 
  

	18.	Section 9.2 (Roaming Services) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 9.2 Roaming Services 
 9.2.1. General 
 Sprint PCS will make Roaming available to VMU in areas in which Sprint PCS has a
Roaming agreement on the terms and conditions contained in that agreement and the prices set forth in Schedule 1.0. VMU hereby acknowledges and agrees that Sprint PCS is not responsible for the billing practices, service charges or
availability of Roaming provided by Roaming providers, and that Sprint PCS is not obligated to provide Roaming in areas in which Sprint PCS has not entered into Roaming agreements or loses its Roaming agreements. Manual Roaming may be available
dependent on the arrangements established and the level of service provided by each Roaming provider. 
 9.2.2. Disputes
Concerning Roaming Sprint PCS’ Charges and Other Terms and Provisions 
 If a material dispute concerning a Roaming provider’s
charges or other terms and conditions occurs, Sprint PCS will process the dispute with the Roaming provider in accordance with Sprint PCS’ Roaming agreement. Roaming fraud is VMU’s responsibility. 
 9.2.3. Blocking Roaming 
 Until such time as VMU provides thirty (30) days prior notice of its request that Sprint cease blocking Roaming for all its End Users, Sprint shall remove all Roaming switches from the list of switches permitted to complete calls for
VMU’s End Users. As a result of circumstances outside of Sprint’s control, however, a Roaming switch may at times complete a Roaming call for an End User(s). In such case, VMU will be liable for Roaming charges at the rates set forth in
Schedule 1.0. Sprint may also request that VMU use commercially reasonable efforts to block Roaming on its Integrated Service Control Point (ISCP). 
  

	19.	Section 9.5 (Sprint PCS’ Reports to VMU) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 9.5 Sprint PCS’ Reports to VMU 
 Sprint PCS will provide to VMU the reports specified in the Operations Manual. 
  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	11

	20.	Section 10.2 (Procedure) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 10.2. Procedure 
 Audits under Section 10.1 will be conducted as follows: (a) the audited Party may require the auditing Party’s employees or agents to conduct the audit on the premises of the audited Party, (b) the audited Party may have
an employee or representative present at all times during the audit, (c) the auditing Party will not have direct access to the audited Party’s computer database without the consent of the audited Party, and (d) the auditing Party may
review only those specific records of the audited Party directly related to the obligations of the audited Party under this Agreement. Any representative or agent of a Party that participates in the audit may be required to execute and deliver a
non-disclosure agreement in favor of the Party being audited. The audited Party will cooperate in good faith with the auditing Party. The auditing Party will pay all costs incurred by either Party in connection with those audits, including a
reasonable charge for the services of any employee of the audited Party directly involved in the audit. The audited Party may have the results of any audit reviewed by the audited Party’s internal auditing staff or by the audited Party’s
independent accountants who then audit the financial statements of the audited Party (“Independent Auditors”). The audited Party will bear all costs of an internal or Independent Auditors’ review. Following an audit, the audited Party
must use its commercially reasonable efforts to correct promptly any deficiencies related to performance uncovered by an audit. 
  

	21.	Section 10.3 (Cost of Services Formulas) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 10.3. [Intentionally Deleted] 
  

	22.	Section 14 (Indemnification) of the PCS Services Agreement is amended to add the following new subsection 14.4: 

 14.4 VMU’s Location Based Service Indemnification 
 VMU agrees to defend, indemnify and hold Sprint PCS, the Sprint PCS Service Provider Affiliates, the Sprint PCS Affiliates, and their respective officers,
directors, employees, agents, assignees and successors harmless against any loss, damage, expense, or cost, including reasonable attorneys’ fees arising out of any claim, demand, proceeding, or lawsuit by a third party (including, but not
limited to, End User complaints) relating to or arising out of any location-based services VMU provides to End Users unless caused or alleged to have been caused by a fault or error attributable to Sprint PCS’ Control-Plane Location Platform or
User-Plane Location Platform, or related to the performance, or lack thereof, of any Sprint PCS obligation. 
  

	23.	Section 15.3.2(iii) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 (iii) During the applicable Transition Period, the price protection clause set forth in Schedule 1.0 will no longer apply. 
  

	24.	Section 17(a) of the PCS Services Agreement is deleted in its entirety and replaced as follows: 

 (a) Upon written request of either Party (the “Resolution Request”), the Dispute shall be submitted for resolution to a dispute resolution team
which shall be comprised of two representatives from each Party (the “Integrated Action Team”). The Integrated Action Team shall meet as often as necessary to gather and furnish to each Party all information with respect 

  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	12

 
to the matter in issue, which is appropriate and germane for its resolution. The Integrated Action Team shall discuss the Dispute and negotiate in good faith
in an effort to resolve the Dispute without the necessity of further action relating thereto. During the course of such negotiation, all reasonable requests made by one Party to the other for non-privileged information reasonably related to this
Agreement and the Dispute will be honored in order that such Party may be fully advised of the other’s position. The specific format for such discussions will be left to the discretion of the Integrated Action Team, but may include the
preparation of agreed upon statements of fact or written statements of position furnished by each Party to the other. 
  

	25.	Schedule 1.0, Schedule 1.1, Schedule 1.2, Exhibit A, Exhibit B, Exhibit C and Exhibit D of the PCS Services Agreement are deleted in their entirety and replaced with Schedule 1.0
and Exhibit A attached to this Amendment. 

  

	26.	Schedule 2.2 (Sprint PCS Web Services) is amended to delete “Location Services” and its description. 

  

	27.	Schedule 8.0 of the PCS Services Agreement is deleted in its entirety. 

  

	28.	Except as specifically provided above, the PCS Services Agreement remains in effect in accordance with its terms. 

  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	13

 IN WITNESS HEREOF, the parties have executed this Amendment as of the dates indicated below. 
  

									
	SPRINT SPECTRUM L.P.	 		 	 VIRGIN MOBILE USA, L.P. (formerly Virgin Mobile
 USA, LLC)

					
	By:	 	/s/ Bill Esrey, Jr.	 		 	By:	 	/s/ Daniel H. Schulman
					
	Name:	 	Bill Esrey, Jr.	 		 	Name:	 	Daniel H. Schulman
					
	Title:	 	V.P. Customer Management-Wholesale	 		 	Title:	 	Chief Executive Officer
					
	Date:	 	 	 		 	Date:	 	 

  

					
		  	Sprint PCS / Virgin Mobile USA Confidential Information	  	14

 Schedule 1.0 
 PCS Service Pricing 
 ***

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