Document:

exv4w11

Exhibit 4.11

AMENDMENT TO EQUITYHOLDERS’ AGREEMENT

     THIS AMENDMENT (this “Amendment”) of that certain Equityholders’ Agreement dated as of
November 28, 2008 (the “Agreement”) is entered into as of December 8, 2010 (the
“Effective Date”), by and among CLEARWIRE CORPORATION, a Delaware corporation (the
“Company”), SPRINT HOLDCO, LLC, a Delaware limited liability company (“Sprint”),
EAGLE RIVER HOLDINGS, LLC, a Washington limited liability company (“Eagle River”), INTEL
CAPITAL WIRELESS INVESTMENT CORPORATION 2008A, a Delaware corporation (“Intel A”), INTEL
CAPITAL WIRELESS INVESTMENT CORPORATION 2008B, a Delaware corporation (“Intel B”), INTEL
CAPITAL WIRELESS INVESTMENT CORPORATION 2008C, a Delaware corporation (“Intel C”), INTEL
CAPITAL CORPORATION, a Delaware corporation (“Intel Capital”), INTEL CAPITAL (CAYMAN)
CORPORATION, a Cayman Islands corporation (“Intel Cayman”), MIDDLEFIELD VENTURES, INC., a
Delaware corporation (“Middlefield”, and together with Intel A, Intel B, Intel C, Intel
Capital and Intel Cayman, “Intel”), and COMCAST CORPORATION, a Pennsylvania corporation, in
its capacity as the Strategic Investor Representative. Capitalized terms not otherwise defined
herein shall have the meanings ascribed to them in the Agreement.

RECITALS

     WHEREAS, the parties desire to amend Section 2.13 of the Agreement.

     NOW THEREFORE, the parties hereto agree as follows:

AGREEMENT

1. Amendment. Section 2.13 shall be amended by adding subsection (j) as follows:

          “(j) In addition to the foregoing rights, Sprint Nextel may unilaterally elect to take, and
cause the Company to take, any of the actions specified in Section 2.13(d) at any time to the
extent it determines in good faith such actions are reasonably necessary to eliminate or ameliorate
any risk that a breach or default by the Company or any of its Subsidiaries under any Indebtedness
of the Company or any of its Subsidiaries could trigger a cross-default or cross-acceleration
under any Sprint Senior Debt Agreement. In such event, Sprint will be entitled to all rights to
revoke its election and restore its rights as are set forth in Sections 2.13(e) and (f).”

2. Other Provisions. This Amendment shall be limited as written, nothing herein shall be
deemed to constitute an amendment of any other term, provision or condition of the Agreement or
prejudice any right or remedy that any party hereto may have or may in the future have under the
Agreement or otherwise and, except as expressly set forth in Section 1 above and in the Waiver,
dated as of May 13, 2010, among the parties hereto, all provisions of the Agreement shall remain in
full force and effect. Without limiting the generality of the preceding sentence, except as
specifically set forth above, nothing in this Amendment shall affect, or be deemed a waiver of, any
Board or Equityholder approval provision in the Agreement.

 

 

3. Counterparts. This Amendment may be executed in one or more counterparts, each of which
shall be deemed an original and all of which shall constitute one and the same Amendment.

4. Confidential Information. This Amendment shall be deemed Confidential Information as
defined in Section 4.7 of the Agreement.

5. Amendment/Assignment. This Amendment may only be amended by an instrument in writing
signed on behalf of each of the parties hereto. No party may assign his or its rights or delegate
his or its duties and obligations to be performed under this Amendment without the prior written
consent of each of the other parties. Other than with respect to Sprint Nextel and the Strategic
Investors, which are not signatories to this Amendment but which shall be third party beneficiaries
of this Amendment, no other Person may exercise any right or enforce any obligation under this
Amendment.

6. Agreement. This Amendment sets forth the entire understanding of the parties with
respect to the subject matter contemplated hereby. This Amendment is binding on and will inure to
the benefit of Sprint Nextel and all of the Equityholders as well as all other parties hereto and
their respective successors and permitted assigns.

7. Notices. All notices and other communications required or permitted under this
Amendment shall be made pursuant to Section 4.6 of the Agreement, except that any notices to TWC
should be delivered to the following:

Time Warner Cable Inc.

60 Columbus Circle

New York, NY 10023

Attn.: General Counsel

Facsimile No.: (704) 973-6201

with a copy to (which shall not constitute notice):

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, NY 10019-6064

Attn: Matthew W. Abbott

           Robert B. Schumer

Facsimile No.: (212) 757-3990

[Remainder of page intentionally left blank]

 

 

     IN WITNESS WHEREOF, the parties to this Amendment have executed this Amendment as of the date
set forth in the first paragraph hereof.

	 	 	 	 	 
	 	CLEARWIRE CORPORATION

 	 
	 	By:  	/s/ Hope F. Cochran
 	 
	 	 	Name:  	Hope F. Cochran 	 
	 	 	Title:  	Senior Vice President, Finance and
Treasurer 	 
	 

[Signature Page to the Amendment to the Equityholders’ Agreement by and among Clearwire
Corporation, Sprint Holdco, LLC, Eagle River Holdings, LLC, Intel Capital Wireless Investment
Corporation 2008A, Intel Capital Wireless Investment Corporation 2008B, Intel Capital Wireless
Investment Corporation 2008C, Intel Capital Corporation, Intel Capital (Cayman) Corporation,
Middlefield Ventures, Inc., and Comcast Corporation in its capacity as the Strategic Investor
Representative]

 

 

	 	 	 	 	 
	 	SPRINT HOLDCO, LLC

 	 
	 	By:  	/s/ Charles R.Wunsch
 	 
	 	 	Name:  	Charles R.Wunsch 	 
	 	 	Title:  	President 	 
	 

[Signature Page to the Amendment to the Equityholders’ Agreement by and among Clearwire
Corporation, Sprint Holdco, LLC, Eagle River Holdings, LLC, Intel Capital Wireless Investment
Corporation 2008A, Intel Capital Wireless Investment Corporation 2008B, Intel Capital Wireless
Investment Corporation 2008C, Intel Capital Corporation, Intel Capital (Cayman)
Corporation, Middlefield Ventures, Inc., and Comcast Corporation in its capacity as the Strategic
Investor Representative]

 

 

	 	 	 	 	 
	 	EAGLE RIVER HOLDINGS, LLC
 	 
	 	By:  	Eagle River Inc., its Manager
 	 
	 
	 	By:  	/s/
Amit Mehta
 	 
	 	 	Name:  	Amit Mehta 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to the Amendment to the Equityholders’ Agreement by and among Clearwire
Corporation, Sprint Holdco, LLC, Eagle River Holdings, LLC, Intel Capital Wireless Investment
Corporation 2008A, Intel Capital Wireless Investment Corporation 2008B, Intel Capital Wireless
Investment Corporation 2008C, Intel Capital Corporation, Intel Capital (Cayman) Corporation,
Middlefield Ventures, Inc., and Comcast Corporation in its capacity as the Strategic Investor
Representative]

 

 

	 	 	 	 	 	 	 

	INTEL CAPITAL WIRELESS 

INVESTMENT CORPORATION 2008A

	 	 	 	INTEL CAPITAL CORPORATION	 	 
	 
	 	 	 	 	 	 
	/s/ Arvind Sodhani

	 	 	 	/s/ Arvind Sodhani	 	 
	 

Name: Arvind Sodhani

	 	 	 	 

Name: Arvind Sodhani
	 	 
	Title: President

	 	 	 	Title: President	 	 
	 
	 	 	 	 	 	 
	INTEL CAPITAL WIRELESS 

INVESTMENT CORPORATION 2008B

	 	 	 	INTEL CAPITAL (CAYMAN) CORPORATION	 	 
	 
	 	 	 	 	 	 
	/s/ Arvind Sodhani

	 	 	 	/s/ Arvind Sodhani	 	 
	 

Name: Arvind Sodhani

	 	 	 	 

Name: Arvind Sodhani
	 	 
	Title: President

	 	 	 	Title: President	 	 
	 
	 	 	 	 	 	 
	INTEL CAPITAL WIRELESS 

INVESTMENT CORPORATION 2008C

	 	 	 	MIDDLEFIELD VENTURES, INC.	 	 
	 
	 	 	 	 	 	 
	/s/ Arvind Sodhani

	 	 	 	/s/ Arvind Sodhani	 	 
	 

Name: Arvind Sodhani

	 	 	 	 

Name: Arvind Sodhani
	 	 
	Title: President

	 	 	 	Title: President	 	 
	 
	 	 	 	 	 	 
	CLEARWIRE CORPORATION
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Hope F. Cochran
	 	 	 	 	 	 
	 

Name: Hope F. Cochran

	 	 	 	 	 	 
	Title:
Senior Vice President, Finance and
Treasurer
	 	 	 	 	 	 

[Signature Page to Amendment to the Equityholders’ Agreement by and among Clearwire Corporation,
Sprint Holdco, LLC, Eagle River Holdings, LLC, Intel Capital Wireless Investment Corporation 2008A,
Intel Capital Wireless Investment Corporation 2008B, Intel Capital Wireless Investment Corporation
2008C, Intel Capital Corporation, Intel Capital (Cayman)

Corporation, Middlefield Ventures, Inc., and Comcast Corporation in its capacity as the Strategic
Investor Representative]

 

 

	 	 	 	 	 
	 	COMCAST CORPORATION,

as the Strategic Investor Representative

 	 
	 	By:  	/s/ Michael J. Angelakis
 	 
	 	 	Name:  	Michael J. Angelakis	 
	 	 	Title:  	Senior Vice President, Chief Financial Officer	 
	 

[Signature Page to the Amendment to the Equityholders’ Agreement by and among Clearwire
Corporation, Sprint Holdco, LLC, Eagle River Holdings, LLC, Intel Capital Wireless Investment
Corporation 2008A, Intel Capital Wireless Investment Corporation 2008B, Intel Capital Wireless
Investment Corporation 2008C, Intel Capital Corporation, Intel Capital (Cayman) Corporation,
Middlefield Ventures, Inc., and Comcast Corporation in its capacity as the Strategic Investor
Representative]exv10w1

Exhibit 10.1

STOCK DELIVERY AGREEMENT

     This agreement (“Agreement”) is made and entered into as of December 8, 2010, by and
among Clearwire Communications LLC, a Delaware limited liability company (“Clearwire
Communications”), Clearwire Finance, Inc., a Delaware corporation (“Clearwire Finance”
and together with Clearwire Communications, the “Issuers”), and Clearwire Corporation, a
Delaware corporation (“Parent”).

     WHEREAS, Parent is the managing member of Clearwire Communications, and Clearwire
Communications is the sole owner of Clearwire Finance;

     WHEREAS, the Issuers and Parent have entered into a purchase agreement dated as of December 3,
2010 (the “Purchase Agreement”) with J.P. Morgan Securities LLC, as representative of the
initial purchasers listed on Schedule 1 thereto (the “Initial Purchasers”), providing for
the issuance and sale by the Issuers in an offering under Rule 144A promulgated under the
Securities Act of 1933, as amended (the “Act”), of up to $1.41 billion in aggregate
principal amount of the Issuers’ 8.25% Exchangeable Notes due 2040 (the “Notes”), which
Notes are exchangeable under certain circumstances into shares of Class A common stock, par value
$0.0001 per share, of Parent (the “Class A Shares”); and

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

Agreement

     1. If the Issuers are required or choose to deliver Class A Shares to the holders of the
Notes in accordance with the terms of the Notes and the Indenture, dated as of December 8, 2010
(the “Indenture”), by and among the Issuers, the guarantors party thereto, and Wilmington
Trust FSB, as trustee (the “Trustee”), related to the Notes, then, to the extent necessary
to enable the Issuers to satisfy such obligation, Parent agrees to issue to the holders of the
Notes the number of Class A Shares that the Issuers are obligated to deliver, and the Issuers
hereby direct Parent to deliver, or cause to be delivered, such Class A Shares to the holders of
the Notes on behalf of the Issuers in accordance with the Indenture. Any Class A Shares delivered
by Parent to the holders of the Notes on behalf of the Issuers shall be upon issuance fully paid
and non-assessable by Parent and free from all taxes, liens and charges with respect to the issue
thereof.

     2. If the Class A Shares are listed on a national securities exchange or automated quotation
system, Parent agrees to use its reasonable best efforts to cause the Class A Shares required to be
delivered by the Issuers to the holders of the Notes upon exchange of the Notes to be listed on
such national securities exchange or automated quotation system.

     3. Parent hereby agrees that if Parent issues “restricted securities” (within the meaning of
Rule 144(a)(3) under the Act) to holders of the Notes pursuant to paragraph 1 hereof, Parent shall
make available and deliver to such holders such information and reports as Clearwire Communications
would be required pursuant to the Indenture to provide to such
holders of the Notes; provided that if Parent or Clearwire Communications has electronically
filed with the Securities and Exchange Commission’s Next-Generation EDGAR system (or

 

 

any successor
system) the reports described in Section 1007(a) of the Indenture (including any consolidating
information required by Section 1007(b) of the Indenture, unless otherwise provided to the Trustee
and the Holders), Parent and the Issuers shall be deemed to have satisfied the requirements of this
paragraph 3.

     4. Parent hereby agrees to notify the Issuers promptly upon the occurrence of any event that
would cause an adjustment to the amount of Class A Shares required to be delivered by the Issuers
upon exchange of the Notes as set forth in the Indenture.

     5. Upon any such issuance of Class A Shares, Clearwire Communications shall, in accordance
with Section 7.6 and Section 7.7 of its Amended and Restated Operating Agreement (as amended, the
“Operating Agreement”), issue to Parent on a concurrent basis a number of “Voting Units”
and a number of “Class A Common Units” (each as defined in the Operating Agreement), in each case
equal to the number of Class A Shares so issued.

     6. The Issuers hereby agree to indemnify Parent and each of its directors and officers (each,
an “Indemnified Party”) against, and agree to hold, save and defend each Indemnified Party
harmless from, any loss, expense or damage (including, without limitation, reasonable attorneys’
fees and expenses and court costs actually incurred) suffered or incurred by an Indemnified Party
by reason of anything such Indemnified Party may in good faith do or refrain from doing for or on
behalf of the Issuers pursuant to this Agreement; provided, however, that the Issuers shall not be
required to indemnify an Indemnified Party for any loss, expense or damage that such Indemnified
Party may suffer or incur as a result of its willful misconduct or gross negligence.

     7. Miscellaneous.

     (a) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO CONFLICT OF LAWS PRINCIPLES THEREOF.

     (b) Capitalized terms used herein but not defined herein shall have the meanings
ascribed to such terms in the Indenture.

     (c) In the event that any claim of inconsistency between this Agreement and the terms
of the Indenture arise, as they may from time to time be amended, the terms of the Indenture
shall control.

     (d) If any provision of this Agreement shall be held illegal, invalid, or unenforceable
by any court, this Agreement shall be construed and enforced as if such provision had not
been contained herein and shall be deemed an agreement among us to the full extent permitted
by applicable law.

     (e) The terms and provisions of this Agreement are intended solely for the benefit of
each party hereto and their respective successors or permitted assigns, and
it is not the intention of the parties to confer third-party beneficiary rights to any
other person, except that the holders of the Notes shall be deemed third-party

2

 

beneficiaries
of this Agreement and shall be entitled to enforce the provisions of this Agreement as if
they were parties hereto.

     (f) This Agreement may not be assigned by either party without the prior written
consent of both parties.

     (g) Notwithstanding paragraph 7(e) herein, the Issuers and Parent may amend, modify or
waive any provision of this Agreement without the consent of the holders of the Notes. If
any provision of this Agreement is amended, modified or waived, Clearwire Communications
shall promptly thereafter notify the holders of the Notes and the Trustee of such amendment,
modification or waiver.

[The remainder of the page has been left blank intentionally.]

3

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement by their duly authorized
officers as of the day and year above written.

	 	 	 	 	 
	 	CLEARWIRE COMMUNICATIONS LLC

 	 
	 	By:  	                /s/ Hope F. Cochran
 	 
	 	 	Name:  	Hope F. Cochran 	 
	 	 	Title:  	Senior Vice President, Finance and 
Treasurer 	 
	 
	 	CLEARWIRE FINANCE, INC.

 	 
	 	By:  	/s/ Hope F. Cochran
 	 
	 	 	Name:  	Hope F. Cochran 	 
	 	 	Title:  	Senior Vice President, Finance and 
Treasurer 	 
	 
	 	CLEARWIRE CORPORATION

 	 
	 	By:  	/s/ Hope F. Cochran
 	 
	 	 	Name:  	Hope F. Cochran 	 
	 	 	Title:  	Senior Vice President, Finance and 
Treasurer 	 
	 

Signature Page to Stock Delivery Requirement

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