Document:

exv4w5

 

Exhibit 4.5

INFRAVIO, INC.

2000 STOCK PLAN

As Amended and Restated January 10, 2003

1. Purposes of the Plan. The purposes of this Stock Plan are to attract and retain the
best available personnel for positions of substantial responsibility, to provide additional
incentive to Employees and Consultants of the Company and its Subsidiaries and to promote the
success of the Company’s business. Options granted under the Plan may be incentive stock options
(as defined under Section 422 of the Code) or non-statutory stock options, as determined by the
Administrator at the time of grant of an option and subject to the applicable provisions of Section
422 of the Code, as amended, and the regulations promulgated thereunder. Stock purchase rights may
also be granted under the Plan.

2. Definitions. As used herein, the following definitions shall apply:

          (a) “Administrator” means the Board or any of its Committees appointed pursuant to Section 4
of the Plan.

          (b) “Applicable Laws” means the requirements relating to the administration of stock option
plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock
exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws
of any other country or jurisdiction where Options or Stock Purchase Rights are granted under the
Plan.

          (c) “Board” means the Board of Directors of the Company.

          (d) “Code” means the Internal Revenue Code of 1986, as amended.

          (e) “Committee” means the Committee, if any, appointed by the Board of Directors in
accordance with paragraph (a) of Section 4 of the Plan.

          (f) “Common Stock” means the Common Stock of the Company.

          (g) “Company” means Infravio, Inc., a California corporation.

          (h) “Consultant” means any person, including an advisor, who is engaged by the Company or any
Parent or Subsidiary to render advisory or consulting services and is compensated for such
services, and any director of the Company whether compensated for such services or not; provided
that if and in the event the Company registers any class of any equity security pursuant to the
Exchange Act, the term Consultant shall thereafter not include directors who are not compensated
for their services or are paid only a director’s fee by the Company.

          (i) “Continuous Status as an Employee” means the absence of any interruption or termination of
the employment relationship by the Company or any Subsidiary. Continuous Status as an Employee
shall not be considered interrupted in the case of: (i) sick leave, military leave or any other
leave of absence approved by the Board, provided that such leave is for a period of not more than
90 days, unless

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reemployment upon the expiration of such leave is guaranteed by contract or
statute, or unless provided otherwise pursuant to Company policy adopted from time to time; or (ii)
in the case of transfers between locations of the Company or between the Company, its Subsidiaries
or its successor.

          (j) “Employee” means any person, including officers and directors, employed by the Company or
any Parent or Subsidiary of the Company. The payment of a director’s fee by the Company shall not
be sufficient to constitute “employment” by the Company.

          (k) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

          (l) “Fair Market Value” means, as of any date, the value of Common Stock determined as
follows:

          (i) If the Common Stock is then quoted on the NASDAQ National Market, its closing price on
the NASDAQ National Market on the date of determination as reported in The Wall Street Journal;

          (ii) If the Common Stock is publicly traded and is then listed on a national securities
exchange, its closing price on the date of determination on the principal national securities
exchange on which the Common Stock is listed or admitted to trading as reported in The Wall
Street Journal;

          (iii)
If the Common Stock is publicly traded but is not quoted on the NASDAQ
National Market nor listed or admitted to trading on a national securities exchange, the average
of the closing bid and asked prices on the date of determination as reported in The Wall Street
Journal; or

          (iv) If none of the foregoing is applicable, the Fair Market Value thereof shall be
determined in good faith by the Board.

          (m) “Incentive Stock Option” means an Option intended to qualify as an incentive stock option
within the meaning of Section 422 of the Code.

          (n) “Nonstatutory Stock Option” means an Option not intended to qualify as an Incentive Stock
Option.

          (o) “Option” means a stock option granted pursuant to the Plan.

          (p) “Optioned Stock” means the Common Stock subject to an Option.

          (q) “Optionee” means an Employee or Consultant who receives an Option.

          (r) “Parent” means a “parent corporation”, whether now or hereafter existing, as defined in
Section 424(e) of the Code.

          (s) “Plan” means this 2000 Stock Plan, as amended from time to time.

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          (t) “Purchaser” means an Employee or Consultant who exercises a Stock Purchase Right.

          (u) “Share” means a share of the Common Stock, as adjusted in accordance with Section 12 of
the Plan.

          (v) “Stock Purchase Right” means the right to purchase Restricted Stock granted pursuant to
Section 11 of the Plan.

          (w) “Subsidiary” means a “subsidiary corporation”, whether now or hereafter existing, as
defined in Section 424(f) of the Code.

3. Stock Subject to the Plan. Subject to the provisions of Section 12 of the Plan, the
maximum aggregate number of shares which may be optioned and sold under the Plan is 10,872,125
Shares of Common Stock. The shares may be authorized, but unissued, or reacquired Common Stock.
If an Option or Stock Purchase Right should expire or become unexercisable for any reason without
having been exercised in full, the unpurchased Shares which were subject thereto shall, unless the
Plan shall have been terminated, become available for future grant under the Plan.

4. Administration of the Plan.

          (a) Procedure. The Plan shall be administered by the Board or by a Committee
designated by the Board to administer the Plan. Once appointed, such Committee shall continue to
serve in its designated capacity until otherwise directed by the Board. From time to time the
Board may increase the size of the Committee and appoint additional members thereof, remove members
(with or without cause) and appoint new members in substitution therefor, fill vacancies, however
caused, and remove all members of the Committee and thereafter directly administer the Plan, all in
accordance with the legal requirements relating to the administration of incentive stock option
plans, if any, of California corporate and securities laws and of the Code (the “Applicable Laws”).

          (b) Powers of the Administrator. Subject to the provisions of the Plan and in the
case of a Committee, the specific duties delegated by the Board to such Committee, the
Administrator shall have the authority, in its discretion:

               (i) to determine the Fair Market Value of the Common Stock, in accordance with Section 2 of
the Plan;

               (ii) to select the Consultants and Employees to whom Options and Stock Purchase Rights may
from time to time be granted hereunder;

               (iii) to determine whether and to what extent Options and Stock Purchase Rights or any
combination thereof, are granted hereunder;

               (iv) to determine the number of shares of Common Stock to be covered by each such award
granted hereunder;

               (v) to approve forms of agreement for use under the Plan;

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               (vi) to determine the terms and conditions, not inconsistent with the terms of the Plan, of
any award granted hereunder (including, but not limited to the share price and any restriction or
limitation, based in each case on such factors as the Administrator shall determine, in its sole
discretion);

               (vii) to determine the terms and restrictions applicable to Stock Purchase Rights and the
Restricted Stock purchased by exercising such Stock Purchase Rights;

               (viii) to prescribe, amend and rescind rules and regulations relating to the Plan, including
rules and regulations relating to sub-plans established for the purpose of qualifying for
preferred tax treatment under foreign tax laws;

               (ix) to allow Optionees to satisfy withholding tax obligations by electing to have the
Company withhold from the Shares to be issued upon exercise of an Option or Stock Purchase Right
that number of Shares having a Fair Market Value equal to the amount required to be withheld.
The Fair Market Value of the Shares to be withheld shall be determined on the date that the
amount of tax to be withheld is to be determined. All elections by Optionees to have Shares
withheld for this purpose shall be made in such form and under such conditions as the
Administrator may deem necessary or advisable;

               (x) to provide, in accordance with any policies of the Company, for suspension or
modification of vesting upon an Optionee’s status as an Employee or Consultant, including changes
(without limitation) in status from Employee to Consultant or visa versa and changes in status
from full time to part-time Employee

               (xi) to make any other such determinations with respect to awards under the Plan as it shall
deem appropriate, including (without limitation) determinations with respect to vesting,
exercisability and price adjustments.

          (c) Effect of Administrator’s Decision. All decisions, determinations and
interpretations of the Administrator shall be final and binding on all Optionees and Purchasers and
any other holders of any Options or Stock Purchase Rights.

5. Eligibility for Options.

          (a) Nonstatutory Stock Options may be granted to Employees and Consultants. Incentive Stock
Options may be granted only to Employees. An Employee or Consultant who has been granted an Option
may, if he is otherwise eligible, be granted an additional Option or Options.

          (b) Each Option shall be designated in the written option agreement as either an Incentive
Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designations, to the
extent that the aggregate Fair Market Value of the Shares with respect to which Options designated
as Incentive Stock Options are exercisable for the first time by any Optionee during any calendar
year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess
Options shall be treated as Nonstatutory Stock Options.

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          (c) For purposes of Section 5(b), Incentive Stock Options shall be taken into account in the
order in which they were granted, and the Fair Market Value of the Shares shall be determined as of
the time the Option with respect to such Shares is granted.

          (d) The Plan shall not confer upon any Optionee any right with respect to continuation of
employment or consulting relationship with the Company, nor shall it interfere in any way with his
right or the Company’s right to terminate his employment or consulting relationship at any time,
with or without cause.

6. Term of Plan. The Plan shall become effective upon the earlier to occur of its adoption
by the Board of Directors or its approval by the shareholders of the Company as described in
Section 18 of the Plan. It shall continue in effect for a term of ten years unless sooner
terminated under Section 14 of the Plan.

7. Term of Option. The term of each Option shall be the term stated in the Option
Agreement; provided, however, that no Option, shall have a term which ends more than ten (10) years
from the date of its grant. In the case of an Incentive Stock Option granted to an Optionee who, at
the time the Option is granted, owns stock representing more than ten percent (10%) of the voting
power of all classes of stock of the Company or any Parent or Subsidiary, the term of such
Incentive Stock Option shall end no more than five (5) years from the date of its grant .

8. Option Exercise Price and Consideration.

          (a) The per share exercise price for the Shares to be issued pursuant to exercise of an Option
shall be such price as is determined by the Board, but shall be subject to the following:

               (i) In the case of an Incentive Stock Option

                    (A) granted to an Employee who, at the time of the grant of such Incentive Stock Option,
owns stock representing more than 10% of the voting power of all classes of stock of the Company
or any Parent or Subsidiary, the per Share exercise price shall be no less than 110% of the Fair
Market Value per Share on the date of grant.

                    (B) granted to any Employee, the per Share exercise price shall be no less than 100% of the
Fair Market Value per Share on the date of grant.

               (ii) In the case of a Nonstatutory Stock Option

                    (A) granted to a person who, at the time of the grant of such Option, owns stock
representing more than 10% of the voting power of all classes of stock of the Company or any
Parent or Subsidiary, the per Share exercise price shall be no less than 110% of the Fair Market
Value per Share on the date of the grant.

                    (B) granted to any person, the per Share exercise price shall be no less than 85% of the
Fair Market Value per Share on the date of grant.

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          (b) The consideration to be paid for the Shares to be issued upon exercise of an Option,
including the method of payment, shall be determined by the Administrator (and, in the case of an
Incentive Stock Option, shall be determined at the time of grant) and may consist entirely of (i)
cash, (ii) check, (iii) other Shares which (x) in the case of Shares acquired upon exercise of an
Option either have been owned by the Optionee for more than six months on the date of surrender or
were not acquired, directly or indirectly, from the Company, and (y) have a Fair Market Value on
the date of surrender equal to the aggregate exercise price of the Shares as to which said Option
shall be exercised, (iv) authorization for the Company to retain from the total number of Shares as
to which the Option is exercised that number of Shares having a Fair Market Value on the date of
exercise equal to the exercise price for the total number of Shares as to which the Option is
exercised, (v) delivery of a properly executed exercise notice together with irrevocable
instructions to a broker to promptly deliver to the Company the amount of sale or loan proceeds
required to pay the exercise price, (vi) by delivering an irrevocable subscription agreement for
the Shares which irrevocably obligates the option holder to take and pay for the Shares not more
than twelve months after the date of delivery of the subscription agreement, (vii) any combination
of the foregoing methods of payment, (viii) or such other consideration and method of payment for
the issuance of Shares to the extent permitted under Applicable Laws. In making its determination
as to the type of consideration to accept, the Board shall consider if acceptance of such
consideration may be reasonably expected to benefit the Company.

9. Exercise of Option.

          (a) Procedure for Exercise; Rights as a Shareholder. Any Option granted hereunder
shall be exercisable at such times and under such conditions as determined by the Board, including
performance criteria with respect to the Company and/or the Optionee, and as shall be permissible
under the terms of the Plan.

               (i) An Option may not be exercised for a fraction of a Share. An Option shall be deemed to be
exercised when written notice of such exercise has been given to the Company in accordance with the
terms of the Option by the person entitled to exercise the Option and the Administrator has
determined that payment for the Shares with respect to which the Option is exercised has been
received by the Company. Full payment may, as authorized by the Administrator, consist of any
consideration and method of payment allowable under Section 8(b) of the Plan. Exercise of an Option
in any manner shall result in a decrease in the number of Shares which thereafter may be available,
both for purposes of the Plan and for sale under the Option, by the number of Shares as to which
the Option is exercised.

               (ii) Until the issuance (as evidenced by the appropriate entry on the books of the Company or
of a duly authorized transfer agent of the Company) of the stock certificate evidencing such
Shares, no right to vote or receive dividends or any other rights as a shareholder shall exist with
respect to the Optioned Stock, notwithstanding the exercise of the Option. The Company shall issue
(or cause to be issued) such stock certificate promptly upon exercise of the Option. No adjustment
will be made for a dividend or other right for which the record date is prior to the date the stock
certificate is issued, except as provided in Section 11 of the Plan.

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          (b) Termination of Employment. In the event of termination of an Optionee’s
consulting relationship or Continuous Status as an Employee with the Company (as the case may be),
such Optionee may, but within no less than thirty (30) days after the date of such termination (or
such other longer period as is set out by the Administrator in the Option Agreement, but in no
event later than the expiration date of the term of such Option as set forth in the Option
Agreement), exercise the Option to the extent that Optionee was entitled to exercise it at the date
of such termination. To the extent that Optionee was not entitled to exercise the Option at the
date of such termination, or if Optionee does not exercise such Option to the extent so entitled
within the time specified herein, the Option shall terminate. Notwithstanding anything to the
contrary contained herein, in the event that the Optionee’s employment has terminated for cause (as
determined by the Administrator in accordance with the policies of the Company), the Option shall
terminate immediately on the date of termination of employment.

          (c) Disability of Optionee. Notwithstanding the provisions of Section 9(b) above, in
the event of termination of an Optionee’s consulting relationship or Continuous Status as an
Employee as a result of his disability (as determined by the Administrator in accordance with the
policies of the Company), Optionee may, but within no less than six (6) months from the date of
such termination (or such other longer period as is set out by the Administrator in the Option
Agreement, but in no event later than the expiration date of the term of such Option as set forth
in the Option Agreement), exercise the Option to the extent otherwise entitled to exercise it at
the date of such termination. To the extent that Optionee was not entitled to exercise the Option
at the date of termination, or if Optionee does not exercise such Option to the extent so entitled
within the time specified herein, the Option shall terminate.

          (d) Death of Optionee. In the event of the death of an Optionee, the Option may be
exercised, at any time within 12 months following the date of death (but in no event later than the
expiration date of the term of such Option as set forth in the Option Agreement), by the Optionee’s
estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but
only to the extent the Optionee was entitled to exercise the Option at the date of death. To the
extent that Optionee was not entitled to exercise the Option at the date of death, or if Optionee
does not exercise such Option to the extent so entitled within the time specified herein, the
Option shall terminate.

10. Non-Transferability of Options. An Option may not be sold, pledged, assigned,
hypothecated, transferred, or disposed of in any manner other than by will or by the laws of
descent or distribution and may be exercised, during the lifetime of the Optionee, only by the
Optionee.

11. Stock Purchase Rights.

          (a) Rights to Purchase Restricted Stock. Stock Purchase Rights may be issued to
Employees and Consultants either alone, in addition to, or in tandem with other awards granted
under the Plan and/or cash awards made outside of the Plan. After the Administrator determines
that it will offer Stock Purchase Rights under the Plan, it shall advise the offeree in writing of
the terms, conditions and restrictions related to the offer, including the number of Shares that
such person shall be entitled to purchase, the price to be paid, and the time within which such
person must accept such offer, which shall in no event exceed 120 days from the date of grant of
the Stock Purchase Right. For these purposes, the price to be paid shall be no less than 85% of
Fair Market Value on the

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date of grant of the Stock Purchase Right or, in the case of a greater
than 10% shareholder, no less than 100% of the Fair Market Value on the date of grant. The offer
shall be accepted by execution of a Restricted Stock agreement in the form determined by the
Administrator. Shares purchased pursuant to the grant of a Stock Purchase Right shall be referred
to herein as “Restricted Stock.”

          (b) Repurchase Option. Unless the Administrator determines otherwise, the Restricted
Stock agreement shall grant the Company a repurchase option exercisable upon the voluntary or
involuntary termination of the Purchaser’s employment with the Company for any reason (including
death or Disability). The purchase price for Shares repurchased pursuant to the Restricted Stock
agreement shall be the original price paid by the Purchaser and may be paid by cancellation of any
indebtedness of the purchaser to the Company. The repurchase option with respect to the Restricted
Stock shall lapse at such rate as the Committee may determine, but in no event as to less than 20%
of the total shares granted annually.

          (c) Other Provisions. The Restricted Stock agreement shall contain such other terms,
provisions and conditions not inconsistent with the Plan as may be determined by the Administrator
in its sole discretion. In addition, the provisions of Restricted Stock agreements need not be the
same with respect to each purchaser.

          (d) Rights as a Shareholder. Once the Stock Purchase Right is exercised, the
Purchaser shall have the rights equivalent to those of a shareholder, and shall be a shareholder
when his or her purchase is entered upon the records of the duly authorized transfer agent of the
Company. No adjustment will be made for a dividend or other right for which the record date is
prior to the date the Stock Purchase Right is exercised, except as provided in Section 12 of the
Plan.

12. Adjustments Upon Changes in Capitalization or Merger.

          (a) Changes in Capitalization. Subject to any required action by the shareholders of
the Company, the number of shares of Common Stock covered by each outstanding Option or Stock
Purchase Right, and the number of shares of Common Stock which have been authorized for issuance
under the Plan but as to which no Options or Stock Purchase Rights have yet been granted or which
have been returned to the Plan upon cancellation or expiration of an Option or Stock Purchase
Right, as well as the price per share of Common Stock covered by each such outstanding Option or
Stock Purchase Right, shall be proportionately adjusted for any increase or decrease in the number
of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend,
combination or reclassification of the Common Stock, or any other increase or decrease in the
number of issued shares of Common Stock effected without receipt of consideration by the Company;
provided, that conversion of any convertible securities of the Company shall not be deemed to have
been “effected without receipt of consideration.” Such adjustment shall be made by the Board,
whose determination in that respect shall be final, binding and conclusive. Except as expressly
provided herein, no issuance by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof
shall be made with respect to, the number or price of shares of Common Stock subject to an Option
or Stock Purchase Right.

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          (b) Corporate Transactions. In the event of the proposed dissolution or liquidation
of the Company, or of a merger in which the survivor corporation does not agree to assume the
Option or Stock Purchase Right or substitute an equivalent Option or Stock Purchase Right, the
Board shall notify Optionees and Purchasers at least 15 days prior to such proposed action and, in
its discretion, permit Optionees to exercise their Options to the extent already vested or make a
determination to accelerate vesting of any outstanding Options or Stock Purchase Rights. To the
extent it has not been previously exercised, the Option or Stock Purchase Right will terminate
immediately prior to the consummation of such proposed action.

13. Time of Granting Options. The date of grant of an Option shall, for all purposes, be
the date on which the Administrator makes the determination granting such Option, or such other
date as is determined by the Board. Notice of the determination shall be given to each Employee or
Consultant to whom an Option is so granted within a reasonable time after the date of such grant.

14. Amendment and Termination of the Plan.

          (a) Amendment and Termination. The Board may at any time amend, alter, suspend or
discontinue the Plan, but no amendment, alteration, suspension or discontinuation shall be made
which would impair the rights of any Optionee or Purchaser under any grant theretofore made,
without his or her consent. In addition, to the extent necessary and desirable to comply with
Applicable Laws, the Company shall obtain shareholder approval of any Plan amendment in such a
manner and to such a degree as required.

          (b) Effect of Amendment or Termination. Any such amendment or termination of the Plan
shall not affect Options and Stock Purchase Rights already granted and such Options and Stock
Purchase Rights shall remain in full force and effect as if this Plan had not been amended or
terminated, unless mutually agreed otherwise between the Optionee or Purchaser and the Board, which
agreement must be in writing and signed by the Optionee or Purchaser and the Company.

15. Conditions Upon Issuance of Shares. Shares shall not be issued pursuant to the
exercise of an Option or Stock Purchase Right unless the exercise of such Option or Stock Purchase
Right and the issuance and delivery of such Shares pursuant thereto shall comply with all relevant
provisions of law, including, without limitation, the Securities Act of 1933, as amended, the
Exchange Act, the rules and regulations promulgated thereunder, and the requirements of any stock
exchange upon which the Shares may then be listed, and shall be further subject to the approval of
counsel for the Company with respect to such compliance. As a condition to the exercise of an
Option or Stock Purchase Right, the Company may require the person exercising such Option or Stock
Purchase Right to represent and warrant at the time of any such exercise that the Shares are being
purchased only for investment and without any present intention to sell or distribute such Shares
if, in the opinion of counsel for the Company, such a representation is required by any of the
aforementioned relevant provisions of law.

16. Reservation of Shares. The Company, during the term of this Plan, will at all times
reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements
of the Plan. The inability of the Company to obtain authority from any regulatory body having
jurisdiction, which authority is deemed by the Company’s counsel

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 to be necessary to the lawful
issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of
the failure to issue or sell such Shares as to which such requisite authority shall not have been
obtained.

17. Agreements. Options and Stock Purchase Rights shall be evidenced by written agreements
in such form as the Board shall approve from time to time.

18. Shareholder Approval. Continuance of the Plan shall be subject to approval by the
shareholders of the Company within 12 months before or after the date the Plan is adopted. Such
shareholder approval shall be obtained in the degree and manner required under applicable state and
federal law.

19. Information to Optionees. The Company shall provide to each Optionee, during the
period for which such Optionee has one or more Options outstanding, annual financial statements of
the Company. The Company shall not be required to provide such information if the issuance of
Options under the Plan is limited to key employees whose duties in connection with the Company
assure their access to equivalent information.

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Exhibit 4.5

9 7/8% NOTES

FIRST SUPPLEMENTAL INDENTURE

     This FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”) dated as of
                     ___, 2006, is entered into between UbiquiTel Operating Company, a Delaware corporation
(the “Company”), UbiquiTel Inc., as guarantor under the Indenture referred to below (the
“Guarantor”), and The Bank of New York, as trustee under the Indenture referred to below
(the “Trustee”).

     WHEREAS, the Company, the Guarantor and the Trustee have heretofore executed an Indenture,
dated February 23, 2004 (the “Indenture”), providing for two separate issuances of the
Company’s 9 7/8% Senior Notes due 2011 in the aggregate principal amounts of $270,000,000 and
$150,000,000, respectively, of which $419,960,000 aggregate principal amount are outstanding on the
date hereof;

     WHEREAS, the Company is a wholly owned subsidiary of the Guarantor;

     WHEREAS, the Guarantor is a wholly owned subsidiary of Sprint Nextel Corporation, a Kansas
corporation (“Sprint Nextel”);

     WHEREAS, the Board of Directors of Sprint Nextel has determined it to be in the best interest
of Sprint Nextel to guarantee all of the Company’s payment obligations under the Notes and the
Indenture;

     WHEREAS, the Company desires to execute and deliver this First Supplemental Indenture to,
among other things: (i) amend the Indenture to provide that the reports and other information
required to be provided by the Company may instead be provided only with respect to Sprint Nextel
if Sprint Nextel has guaranteed the payment obligations of the Company under the Notes and the
Indenture; (ii) amend the Indenture to permit certain transactions and asset transfers between the
Company, Sprint Nextel and the other Subsidiaries of Sprint Nextel; and (iii) add or modify certain
defined terms and related text in the Indenture (collectively, the “Proposed Amendments”);

     WHEREAS, the Board of Directors of the Company has determined that it is in the best interest
of the Company to make the Proposed Amendments;

     WHEREAS, Section 9.02 of the Indenture provides that the Company, the Guarantor and the
Trustee may amend or supplement the Indenture with the consent of the Holders of at least a
majority in aggregate principal amount of the then outstanding Notes (the “Required
Consent”);

     WHEREAS, the Company has obtained the Required Consent; and

     WHEREAS, pursuant to Section 9.02 of the Indenture, the Company, the Guarantor and the Trustee
are authorized to execute and deliver this First Supplemental Indenture.

     NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby
acknowledged, the Company, the Guarantor and the Trustee covenant and agree for the equal and
ratable benefit of the Holders as follows:

 

 

     1. Definitions. All capitalized terms used but not defined herein shall have the
meanings given to such terms in the Indenture, as amended by this First Supplemental Indenture.

     2. Amendments.

     2.1 The definition of “Asset Sale” set forth in Section 1.01 of the Indenture is amended by:
(A) deleting “and” from the end of subsection (5) thereto; (B) deleting “.” from the end of
subsection (6) thereto and inserting in lieu thereof “; and”; and (C) adding a subsection (7)
thereto, which shall read as follows: “any transfer or sale of assets to the Controlling
Shareholder or any direct or indirect Subsidiary of the Controlling Shareholder.”

     2.2 Section 1.01 of the Indenture is amended to include the following definitions in their
proper alphabetical location:

     “Controlling Shareholder” means any person (as such term is used in Sections 13(d) and
14(d) of the Exchange Act and the regulations thereunder), other than the Parent and any
direct or indirect Subsidiary of the Parent, who is or becomes the Beneficial Owner,
directly or indirectly, of more than 50% of the total voting stock or total common equity of
the Company.

     “Controlling Shareholder Guarantee” means an unconditional guarantee by a Controlling
Shareholder, on a senior unsecured basis, of all monetary obligations of the Company under
the Indenture and any outstanding Notes.

     2.3 Section 4.03 of the Indenture is amended by inserting the following text as paragraph (d)
at the end of Section 4.03:

“(d) Notwithstanding paragraphs (a), (b) and (c) of this Section 4.03, if the
Controlling Shareholder executes and delivers to the Trustee a Controlling
Shareholder Guarantee, the reports and other information required by paragraphs (a),
(b) and (c) of this Section 4.03 may instead be those filed with the SEC by the
Controlling Shareholder and furnished with respect to the Controlling Shareholder
without including the condensed consolidating footnote contemplated by Rule 3-10 of
Regulation S-X promulgated under the Securities Act.”

     2.4 Section 4.11 of the Indenture is amended by deleting clause (a)(2) thereof in its entirety
and inserting in lieu thereof the following text:

“(2) the Company delivers to the trustee, with respect to any Affiliate Transaction
or series of related Affiliate Transactions involving aggregate consideration in
excess of $10.0 million, a determination by the Board of Directors of the Company
set forth in an Officers’ Certificate certifying that such Affiliate Transaction
complies with clause (1) of this Section 4.11(a).”

     3. Amendments to Notes. The Notes are hereby deemed to be amended, mutatis mutandis,
to correspond to the amendments to the Indenture set forth in this First Supplemental Indenture.

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     4. Separability Clause. In case any provision in this First Supplemental Indenture
shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby.

     5. Modification, Amendment and Waiver. The provisions of this First Supplemental
Indenture may not be amended, supplemented, modified or waived, unless otherwise provided in the
Indenture, except by the execution of a supplemental indenture executed by the Company, the
Guarantor and the Trustee, and, to the extent such amendment, supplement or waiver adversely
affects the rights of any Holders, with the Required Consent of such Holders. Any such amendment
or supplemental indenture shall comply with Article 9 of the Indenture. Until an amendment, waiver
or other action by Holders becomes effective, a consent thereto by a Holder of a Note hereunder is
a continuing consent by the Holder and every subsequent Holder of that Note or portion of the Note
that evidences the same obligation as the consenting Holder’s Note, even if notation of the
consent, waiver or action is not made on the Note. After an amendment, waiver or action becomes
effective, it shall bind every Holder.

     6. Ratification of the Indenture; First Supplemental Indenture Part of Indenture.
Except as expressly amended hereby, the Indenture and this First Supplemental Indenture are in all
respects ratified and confirmed and all the terms, conditions and provisions thereof and hereof
shall remain in full force and effect. In the event of a conflict between the terms and conditions
of the Indenture and the terms and conditions of this First Supplemental Indenture, then the terms
and conditions of this First Supplemental Indenture shall prevail. This First Supplemental
Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore
or hereafter authenticated and delivered shall be bound hereby.

     7. Trust Indenture Act Controls. If any provision of this First Supplemental
Indenture limits, qualifies or conflicts with any provision of the TIA that is required under the
TIA to be part of and govern any provision of this First Supplemental Indenture, the provision of
the TIA shall control. If any provision of this First Supplemental Indenture modifies or excludes
any provisions of the TIA that may be so modified or excluded, the provisions of the TIA shall be
deemed to apply to the Indenture as so modified or to be excluded by this First Supplemental
Indenture, as the case may be.

     8. Governing Law. THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE
PRINCIPLES OF CONFLICTS OF LAW THEREUNDER THAT WOULD INDICATE THE APPLICABILITY OF THE LAWS OF ANY
OTHER JURISDICTION.

     9. Trustee Disclaimer. The Trustee has accepted the amendment of the Indenture
effected by this First Supplemental Indenture and agrees to execute the trust created by the
Indenture as hereby amended, but only upon the terms and conditions set forth in the Indenture,
including the terms and provisions defining and limiting the liabilities and responsibilities of
the Trustee, and without limiting the generality of the foregoing, the Trustee shall not be
responsible in any manner whatsoever for or with respect to any of the recitals or statements
contained herein, all of which recitals or statements are made solely by the Company, or for or
with respect to: (a) the validity or sufficiency of this First Supplemental Indenture or any of the
terms or

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provisions hereof; (b) the proper authorization hereof by the Company by corporate action or
otherwise; (c) the due execution hereof by the Company; (d) the consequences (direct or indirect
and whether deliberate or inadvertent) of any amendment herein provided for, and the Trustee makes
no representations with respect to any such matters; and (e) the validity or the sufficiency of the
solicitation or the consent solicitation materials or procedure in connection therewith.

     10. Multiple Originals. The parties may sign any number of copies of this First
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent
the same agreement.

     11. Effect of Headings. The Section headings herein are for convenience only and
shall not effect the construction thereof.

     12. Notices. Any request, demand, authorization, notice, waiver, consent or
communication to any of the parties shall be made as set forth in Section 12.02 of the Indenture.

     13. Successors. All agreements of the Company and the Guarantor in respect of this
First Supplemental Indenture shall bind their respective successors.

[Remainder of Page Blank – Signature Pages Follow]

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9 7/8% NOTES

     IN WITNESS WHEREOF, this First Supplemental Indenture has been duly executed by the Company,
the Guarantor and the Trustee as of the date first written above.

	 	 	 	 	 
	 	 	UBIQUITEL OPERATING COMPANY
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Paul N. Saleh
	 

	 	 	 	Chief Financial Officer
	 
	 	 	 	 
	 	 	UBIQUITEL INC., as Guarantor
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Paul N. Saleh
	 

	 	 	 	Chief Financial Officer
	 
	 	 	 	 
	 	 	THE BANK OF NEW YORK, as Trustee
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:

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