Document:

exv10w7

Exhibit 10.7

(FOUR-YEAR TIME BASED VESTING)

LEAP WIRELESS INTERNATIONAL, INC.

2004 STOCK OPTION, RESTRICTED STOCK

AND DEFERRED STOCK UNIT PLAN

STOCK OPTION GRANT NOTICE AND NON-QUALIFIED

STOCK OPTION AGREEMENT

     Leap Wireless International, Inc. (the “Company”), pursuant to its 2004 Stock Option,
Restricted Stock and Deferred Stock Unit Plan (the “Plan”), hereby grants to the holder listed
below (“Holder”), an option to purchase the number of shares of the Company’s Common Stock set
forth below (the “Option”). This Option is subject to all of the terms and conditions as set forth
herein and in the Non-Qualified Stock Option Agreement attached hereto as Exhibit A (the
“Stock Option Agreement”) and the Plan, each of which are incorporated herein by reference. Unless
otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in
this Grant Notice and the Stock Option Agreement.

	 	 	 	 	 
	Holder:
	 	 	 	 
	 

	 	 	 	 
	Option Number:
	 	 	 	 
	 

	 	 	 	 
	Grant Date:
	 	 	 	 
	 

	 	 	 	 
	Exercise Price per Share:

	 	$                                                                           per share
	 	 
	Total
Number of Shares

Subject to the Option:
	 	 	 	 
	 

	 	 	 	 
	Expiration Date:
	 	 	 	 
	 

	 	 	 	 
	Type of Option:	 	This Option is a Non-Qualified Stock
Option and is not an incentive stock
option within the meaning of Section
422 of the Code.
	Vesting Schedule:	 	The shares of Common Stock subject to
the Option (rounded down to the next
whole number of shares) shall vest and
become exercisable on the dates and in
the amounts indicated in Exhibit B to
this Grant Notice.

     By his or her signature and the Company’s signature below, Holder agrees to be bound by the
terms and conditions of the Plan, the Stock Option Agreement and this Grant Notice. Holder has
reviewed the Stock Option Agreement, the Plan and this Grant Notice in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Grant Notice and fully
understands all provisions of this Grant Notice, the Stock Option Agreement and the Plan. Holder
hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the
Administrator of the Plan upon any questions arising under the Plan or the Option.

	 	 	 	 	 	 	 
	LEAP WIRELESS INTERNATIONAL, INC.	 	HOLDER:
	 
	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	Print Name:

	 	 	 	Print Name:	 	 
	 

	 	 
	 	 	 	 
	Title:

	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 
	Address:

	 	10307 Pacific Center Court
	 	Address:	 	 
	 

	 	 	 	 	 	 
	 

	 	San Diego, California 92121	 	 	 	 
	 

	 	 	 	 	 	 

	 	 	 
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EXHIBIT A

TO STOCK OPTION GRANT NOTICE

NON-QUALIFIED STOCK OPTION AGREEMENT

     Pursuant to the Stock Option Grant Notice (“Grant Notice”) to which this Non-Qualified Stock
Option Agreement (this “Agreement”) is attached, Leap Wireless International, Inc. (the “Company”)
has granted to Holder an option under the Company’s 2004 Stock Option, Restricted Stock and
Deferred Stock Unit Plan (the “Plan”) to purchase the number of shares of Common Stock indicated in
the Grant Notice.

ARTICLE I

GENERAL

     1.1 Defined Terms. Capitalized terms not specifically defined herein shall have the
meanings specified in the Plan and the Grant Notice.

     1.2 Incorporation of Terms of Plan. The Option is subject to the terms and conditions
of the Plan which are incorporated herein by reference.

ARTICLE II

GRANT OF OPTION

     2.1 Grant of Option. In consideration of Holder’s past and/or continued employment
with or service to the Company or its Subsidiaries and for other good and valuable consideration,
effective as of the Grant Date set forth in the Grant Notice (the “Grant Date”), the Company
irrevocably grants to Holder the Option to purchase any part or all of an aggregate of the number
of shares of Common Stock set forth in the Grant Notice, upon the terms and conditions set forth in
the Plan and this Agreement. The Option shall be a Non-Qualified Stock Option and shall not be an
incentive stock option within the meaning of Section 422 of the Code.

     2.2 Purchase Price. The purchase price of the shares of Common Stock subject to the
Option shall be as set forth in the Grant Notice, without commission or other charge.

ARTICLE III

PERIOD OF EXERCISABILITY

     3.1 Commencement of Exercisability.

          (a) Subject to Sections 3.3 and 5.8, the Option shall become vested and exercisable in such
amounts and at such times as are set forth in Exhibit B to the Grant Notice.

          (b) No portion of the Option which has not become vested and exercisable at Termination of
Employment, Termination of Directorship or Termination of Consultancy, as

	 	 	 
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applicable, shall thereafter become vested and exercisable, except as may be otherwise
provided by the Administrator or as set forth in a written agreement between the Company and
Holder.

     3.2 Duration of Exercisability. The installments provided for in the vesting schedule
set forth in Exhibit B to the Grant Notice are cumulative. Each such installment which becomes
vested and exercisable pursuant to the vesting schedule set forth in Exhibit B to the Grant
Notice shall remain vested and exercisable until it becomes unexercisable under Section 3.3.

     3.3 Expiration of Option.

          (a) The Option may not be exercised to any extent by anyone after the first to occur of the
following events:

               (i) The expiration of ten (10) years from the Grant Date; or

               (ii) The expiration of ninety (90) days following the date of Holder’s Termination of
Employment, Termination of Directorship or Termination of Consultancy, as applicable, unless such
termination occurs by reason of Holder’s death or Disability (as defined below) or the Holder’s
termination by the Company for Cause (as defined in Exhibit B to the Grant Notice);

               (iii) The expiration of one (1) year following the date of Holder’s Termination of Employment,
Termination of Directorship or Termination of Consultancy, as applicable, by reason of Holder’s
death or Disability; or

               (iv) The date of Termination of Employment, Termination of the Directorship, or Termination of
Consultancy for Cause (as defined in Exhibit B to the Grant Notice).

          (b) For purposes of this Agreement, “Disability” means permanent and total disability within
the meaning of Section 22(e)(3) of the Code.

ARTICLE IV

EXERCISE OF OPTION

     4.1 Person Eligible to Exercise. Except as provided in Sections 5.2(b) and 5.2(c),
during the lifetime of Holder, only Holder may exercise the Option or any portion thereof. After
the death of Holder, any exercisable portion of the Option may, prior to the time when the Option
becomes unexercisable under Section 3.3, be exercised by Holder’s personal representative or by any
person empowered to do so under the deceased Holder’s will or under the then applicable laws of
descent and distribution.

     4.2 Partial Exercise. Any exercisable portion of the Option or the entire Option, if
then wholly exercisable, may be exercised in whole or in part at any time prior to the time when
the Option or portion thereof becomes unexercisable under Section 3.3.

	 	 	 
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     4.3 Manner of Exercise. The Option, or any exercisable portion thereof, may be
exercised solely by delivery to the Secretary of the Company or the Secretary’s office of all of
the following prior to the time when the Option or such portion thereof becomes unexercisable under
Section 3.3:

          (a) An Exercise Notice in writing signed by Holder or any other person then entitled to
exercise the Option or portion thereof, stating that the Option or portion thereof is thereby
exercised, such notice complying with all applicable rules established by the Administrator. Such
notice shall be substantially in the form attached as Exhibit C to the Grant Notice (or
such other form as is prescribed by the Administrator); and

          (b) Subject to Section 6.2(d) of the Plan:

               (i) Full payment (in cash or by check) for the shares with respect to which the Option or
portion thereof is exercised; or

               (ii) With the consent of the Administrator, such payment may be made, in whole or in part,
through the delivery of shares of Common Stock which have been owned by Holder for at least six (6)
months, duly endorsed for transfer to the Company with a Fair Market Value on the date of delivery
equal to the aggregate exercise price of the Option or exercised portion thereof; or

               (iii) To the extent permitted under applicable laws, through the delivery of a notice that
Holder has placed a market sell order with a broker with respect to shares of Common Stock then
issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient
portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise
price, provided, that payment of such proceeds is made to the Company upon settlement of such sale;
or

               (iv) With the consent of the Administrator, any combination of the consideration provided in
the foregoing paragraphs (i), (ii) and (iii); and

          (c) A bona fide written representation and agreement, in such form as is prescribed by the
Administrator, signed by Holder or the other person then entitled to exercise such Option or
portion thereof, stating that the shares of Common Stock are being acquired for Holder’s own
account, for investment and without any present intention of distributing or reselling said shares
or any of them except as may be permitted under the Securities Act and then applicable rules and
regulations thereunder, and that Holder or other person then entitled to exercise such Option or
portion thereof will indemnify the Company against and hold it free and harmless from any loss,
damage, expense or liability resulting to the Company if any sale or distribution of the shares by
such person is contrary to the representation and agreement referred to above. The Administrator
may, in its absolute discretion, take whatever additional actions it deems appropriate to ensure
the observance and performance of such representation and agreement and to effect compliance with
the Securities Act and any other federal or state securities laws or regulations. Without limiting
the generality of the foregoing, the Administrator may require an opinion of counsel acceptable to
it to the effect that any subsequent transfer of shares acquired on an Option exercise does not
violate the Securities Act,

	 	 	 
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and may issue stop-transfer orders covering such shares. Share certificates evidencing Common
Stock issued on exercise of the Option shall bear an appropriate legend referring to the provisions
of this subsection (c) and the agreements herein. The written representation and agreement
referred to in the first sentence of this subsection (c) shall, however, not be required if the
shares to be issued pursuant to such exercise have been registered under the Securities Act, and
such registration is then effective in respect of such shares; and

          (d) The receipt by the Company of full payment for such shares, including payment of any
applicable withholding tax, which in the discretion of the Administrator may be in the form of
consideration used by Holder to pay for such shares under Section 4.3(b), subject to Section 10.4
of the Plan; and

          (e) In the event the Option or portion thereof shall be exercised pursuant to Section 4.1 by
any person or persons other than Holder, appropriate proof of the right of such person or persons
to exercise the Option.

     4.4 Conditions to Issuance of Stock Certificates. The shares of Common Stock
deliverable upon the exercise of the Option, or any portion thereof, may be either previously
authorized but unissued shares or issued shares which have then been reacquired by the Company.
Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or
deliver any shares of Common Stock purchased upon the exercise of the Option or portion thereof
prior to fulfillment of all of the following conditions:

          (a) The admission of such shares to listing on all stock exchanges on which such Common Stock
is then listed; and

          (b) The completion of any registration or other qualification of such shares under any state
or federal law or under rulings or regulations of the Securities and Exchange Commission or of any
other governmental regulatory body, which the Administrator shall, in its absolute discretion, deem
necessary or advisable; and

          (c) The obtaining of any approval or other clearance from any state or federal governmental
agency which the Administrator shall, in its absolute discretion, determine to be necessary or
advisable; and

          (d) The lapse of such reasonable period of time following the exercise of the Option as the
Administrator may from time to time establish for reasons of administrative convenience; and

          (e) The receipt by the Company of full payment for such shares, including payment of any
applicable withholding tax, which in the discretion of the Administrator may be in the form of
consideration used by the Holder to pay for such shares under Section 4.3(b), subject to Section
10.4 of the Plan.

     4.5 Rights as Stockholder. The holder of the Option shall not be, nor have any of the
rights or privileges of, a stockholder of the Company in respect of any shares purchasable upon the
exercise of any part of the Option unless and until such shares shall have been issued by the
Company to such holder.

	 	 	 
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ARTICLE V

OTHER PROVISIONS

     5.1 Administration. The Administrator shall have the power to interpret the Plan and
this Agreement and to adopt such rules for the administration, interpretation and application of
the Plan as are consistent therewith and to interpret, amend or revoke any such rules. All actions
taken and all interpretations and determinations made by the Administrator in good faith shall be
final and binding upon Holder, the Company and all other interested persons. No member of the
Administrator shall be personally liable for any action, determination or interpretation made in
good faith with respect to the Plan, this Agreement or the Option. In its absolute discretion, the
Board may at any time and from time to time exercise any and all rights and duties of the
Administrator under the Plan and this Agreement.

     5.2 Option Not Transferable.

          (a) Subject to Section 5.2(b), the Option may not be sold, pledged, assigned or transferred in
any manner other than by will or the laws of descent and distribution or, subject to the consent of
the Administrator, pursuant to a DRO, unless and until the shares underlying the Option have been
issued, and all restrictions applicable to such shares have lapsed. Neither the Option nor any
interest or right therein shall be liable for the debts, contracts or engagements of Holder or his
or her successors in interest or shall be subject to disposition by transfer, alienation,
anticipation, pledge, encumbrance, assignment or any other means whether such disposition be
voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any
other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof
shall be null and void and of no effect, except to the extent that such disposition is permitted by
the preceding sentence.

          (b) Notwithstanding any other provision in this Agreement, with the consent of the
Administrator and to the extent the Option is not intended to qualify as an Incentive Stock Option,
the Option may be transferred to one or more Permitted Transferees, subject to the terms and
conditions set forth in Section 10.1 of the Plan.

          (c) Unless transferred to a Permitted Transferee in accordance with Section 5.2(b), during the
lifetime of Holder, only Holder may exercise the Option or any portion thereof unless it has been
disposed of pursuant to a DRO. After the death of Holder, any exercisable portion of the Option
may, prior to the time when the Option becomes unexercisable under Section 3.3, be exercised by
Holder’s personal representative or by any person empowered to do so under the deceased Holder’s
will or under the then applicable laws of descent and distribution.

     5.3 Restrictive Legends and Stop-Transfer Orders.

          (a) The share certificate or certificates evidencing the shares of Common Stock purchased
hereunder shall be endorsed with any legends that may be required by state or federal securities
laws.

          (b) Holder agrees that, in order to ensure compliance with the restrictions referred to
herein, the Company may issue appropriate “stop transfer” instructions to its transfer

	 	 	 
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agent, if any, and that, if the Company transfers its own securities, it may make appropriate
notations to the same effect in its own records.

          (c) The Company shall not be required: (i) to transfer on its books any shares of Common Stock
that have been sold or otherwise transferred in violation of any of the provisions of this
Agreement, or (ii) to treat as owner of such shares of Common Stock or to accord the right to vote
or pay dividends to any purchaser or other transferee to whom such shares shall have been so
transferred.

     5.4 Shares to Be Reserved. The Company shall at all times during the term of the
Option reserve and keep available such number of shares of Common Stock as will be sufficient to
satisfy the requirements of this Agreement.

     5.5 Notices. Any notice to be given under the terms of this Agreement to the Company
shall be addressed to the Company in care of the Secretary of the Company, and any notice to be
given to Holder shall be addressed to Holder at the address given beneath Holder’s signature on the
Grant Notice. By a notice given pursuant to this Section 5.5, either party may hereafter designate
a different address for notices to be given to that party. Any notice which is required to be
given to Holder shall, if Holder is then deceased, be given to the person entitled to exercise his
or her Option pursuant to Section 4.1 by written notice under this Section 5.5. Any notice shall
be deemed duly given when sent via email or when sent by certified mail (return receipt requested)
and deposited (with postage prepaid) in a post office or branch post office regularly maintained by
the United States Postal Service.

     5.6 Titles. Titles are provided herein for convenience only and are not to serve as a
basis for interpretation or construction of this Agreement.

     5.7 Governing Law; Severability. This Agreement shall be administered, interpreted
and enforced under the laws of the State of Delaware without regard to conflicts of laws thereof.
Should any provision of this Agreement be determined by a court of law to be illegal or
unenforceable, the other provisions shall nevertheless remain effective and shall remain
enforceable.

     5.8 Conformity to Securities Laws. Holder acknowledges that the Plan is intended to
conform to the extent necessary with all provisions of the Securities Act and the Exchange Act and
any and all regulations and rules promulgated by the Securities and Exchange Commission thereunder,
and state securities laws and regulations. Notwithstanding anything herein to the contrary, the
Plan shall be administered, and the Option is granted and may be exercised, only in such a manner
as to conform to such laws, rules and regulations. To the extent permitted by applicable law, the
Plan and this Agreement shall be deemed amended to the extent necessary to conform to such laws,
rules and regulations.

     5.9 Amendments. This Agreement may not be modified, amended or terminated except by
an instrument in writing, signed by Holder or such other person as may be permitted to exercise the
Option pursuant to Section 4.1 and by a duly authorized representative of the Company.

	 	 	 
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     5.10 No Employment Rights. If Holder is an Employee, nothing in the Plan or this
Agreement shall confer upon Holder any right to continue in the employ of the Company or any
Subsidiary or shall interfere with or restrict in any way the rights of the Company and its
Subsidiaries, which are expressly reserved, to discharge Holder at any time for any reason
whatsoever, with or without cause, except to the extent expressly provided otherwise in a written
agreement between the Company and Holder.

     5.11 Successors and Assigns. The Company may assign any of its rights under this
Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the
successors and assigns of the Company. Subject to the restrictions on transfer herein set forth,
this Agreement shall be binding upon Holder and his or her heirs, executors, administrators,
successors and assigns.

	 	 	 
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EXHIBIT B

TO STOCK OPTION GRANT NOTICE

VESTING AND EXERCISABILITY PROVISIONS

     Capitalized terms used in this Exhibit B and not defined below shall have the meanings
given them in the Grant Notice and the Stock Option Agreement.

     1. Time-Based Vesting. Subject to any accelerated vesting and exercisability pursuant
to paragraph 2 below (which shall be in addition to the vesting and exercisability under this
paragraph 1), and other provisions of the Grant Notice and the Stock Option Agreement, the shares
of Common Stock subject to the Option shall vest and become exercisable in installments as follows:

	 	 	 
	Percentage of the Total Shares Subject to	 	Vesting Date
	the Option that Vest and Become	 	 
	Exercisable	 	 
	 
	 	 
	 
	25% of Total Number of Shares Subject
to the Option

	 	First Anniversary of the Grant Date
	 
	 	 
	25% of Total Number of Shares Subject
to the Option

	 	Second Anniversary of the Grant Date
	 
	 	 
	25% of Total Number of Shares Subject
to the Option

	 	Third Anniversary of the Grant Date
	 
	 	 
	25% of the Total Number of Shares
Subject to the Option

	 	Fourth Anniversary of the Grant Date

The vesting and exercisability of the Option as to shares of Common Stock specified in this
paragraph 1 shall be cumulative. The Option shall vest and become exercisable as to shares of
Common Stock pursuant to this paragraph 1 only if Holder is an Employee, Director or Consultant of
the Company or any of its Subsidiaries on the applicable Vesting Date.

     2. Change in Control Accelerated Vesting.

          (a) Termination of Employment in the Event of a Change in Control. In the event of a
Change in Control, if Holder has a Termination of Employment by reason of discharge by the Company
other than for Cause (as defined below), or by reason of resignation by Holder for Good Reason (as
defined below), during the period commencing ninety (90) days prior to such Change in Control and
ending twelve (12) months after such Change in Control, then the remaining unvested shares of
Common Stock subject to the Option shall vest and become exercisable on the date of Holder’s
Termination of Employment (or, if later, immediately prior to the date of the occurrence of such
Change in Control).

	 	 	 
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          (b) Definitions of Cause and Good Reason. For purposes of this Exhibit B, the
terms “Cause” and “Good Reason” shall have the meanings given to such terms in Holder’s employment
agreement with the Company in effect on the Grant Date and if Holder does not have an employment
agreement or Holder’s employment agreement does not include definitions of “Cause” and “Good
Reason,” the terms shall be defined for purposes of this Exhibit B as follows:

          (i) “Cause” shall mean termination of Holder’s employment by the Company (or any Parent
or Subsidiary or any successor thereof) for any one or more of the following occurrences:
(A) Holder’s material breach of any provision of the Employee Confidentiality and Invention
Assignment Agreement or any other agreement between Holder and the Company (or any Parent or
Subsidiary or any successor thereof), after a written notice from the Company is delivered
to Holder describing Holder’s breach and Holder is afforded a period of at least thirty (30)
days to correct the breach and fails to do so within such period; (B) Holder’s conviction
by, or entry of a plea of guilty or nolo contendere in, a court of competent and final
jurisdiction for (i) any felony, or (ii) other illegal conduct (other than minor traffic
violations) that is likely to inflict or has inflicted material injury on the business of
the Company (or any Parent or Subsidiary or any successor thereof); (C) Holder’s commission
of an act of fraud, embezzlement or dishonesty, whether prior to or subsequent to the date
hereof upon the Company (or any Parent or Subsidiary or any successor thereof); (D) Holder’s
willful neglect of or willful failure to substantially perform (i) Holder’s duties with the
Company (or any Parent or Subsidiary or any successor thereof) or (ii) the lawful and
reasonable directions of the Board of Directors of the Company (or any Parent or Subsidiary
or any successor thereof which employs Holder or for which Holder serves as an officer) or
of the individual to whom Holder reports (other than any such neglect or failure occurring
after Holder’s issuance of a notice of termination for Good Reason), after a written notice
from the Company is delivered to Holder describing Holder’s neglect or failure to perform
and Holder is afforded a period of at least thirty (30) days to correct the neglect or
failure to perform and fails to do so within such period; or (E) Holder’s gross misconduct
affecting or material violation of any duty of loyalty to the Company (or any Parent or
Subsidiary or any successor thereof).

(ii) “Good Reason” shall mean, without Holder’s express written consent, the occurrence of
any of the following circumstances: (A) a material diminution in Holder’s authority, duties
or responsibilities with the Company (or any Parent or Subsidiary or any successor thereof),
including, without limitation, the continuous assignment to Holder of any duties materially
inconsistent with Holder’s position with the Company (or any Parent or Subsidiary or any
successor thereof), or a material negative change in the nature or status of Holder’s
responsibilities or the conditions of Holder’s employment with the Company (or any Parent or
Subsidiary or any successor thereof); (B) a material diminution in Holder’s annualized cash
and benefits compensation opportunity, which shall include Holder’s base compensation,
Holder’s annual target bonus opportunity and Holder’s aggregate employee benefits, as in
effect on the Grant Date as the same may be increased from time to time thereafter; (C) a
material change in the geographic location at which Holder must perform his or her duties
(and the Company and Holder agree that any involuntary relocation of the Company’s offices
(or the offices of any Parent or

	 	 	 
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Subsidiary or any successor thereof) at which Holder is principally employed to a location
more than sixty (60) miles from such location would constitute a material change); or (D) a
material breach by the Company (or any Parent or Subsidiary or any successor thereof) of its
obligations to Holder under a written severance agreement that expressly provides that
Holder’s resignation of employment with the Company (or any Parent or Subsidiary thereof)
following a material breach of such written severance agreement constitutes a resignation of
employment for “Good Reason” thereunder.

Holder’s right to terminate employment with the Company (or any Parent or Subsidiary or any
successor thereof) pursuant to this subparagraph shall not be affected by Holder’s
incapacity due to physical or mental illness. Holder’s continued employment with the
Company (or any Parent or Subsidiary or any successor thereof) shall not constitute consent
to, or a waiver of rights with respect to, any circumstance constituting Good Reason
hereunder.

Holder must provide written notice to the Company of the occurrence of any of the foregoing
events or conditions without Holder’s written consent within ninety (90) days of the initial
occurrence of such event or condition. The Company (or any Parent or Subsidiary or any
successor thereof) shall have a period of thirty (30) days to cure such event or condition
after receipt of written notice of such event or condition from Holder. Holder must resign
for Good Reason within one (1) year following the initial existence of the event or
condition constituting Good Reason.

          (c) Condition to Accelerated Vesting and Exercisability. The accelerated vesting and
exercisability of shares of Common Stock subject to the Option pursuant to subparagraph 2(a) shall
be conditioned on the Holder’s delivery to the Company of an executed General Release substantially
in the form attached as Exhibit D to the Grant Notice (which General Release shall be
subject to revision from time-to-time by the Company due to, among other things, changing legal and
regulatory requirements) and the Holder’s non-revocation of such General Release during the time
period for such revocation set forth therein.

     3. Limit on Vesting. In no event will the Option become vested and/or exercisable for
more than 100% of the shares of Common Stock subject to the Option pursuant to the provisions of
this Exhibit B.

	 	 	 
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EXHIBIT C

TO STOCK OPTION GRANT NOTICE

FORM OF EXERCISE NOTICE

     Effective as of today,                     ,                      the
undersigned (“Holder”) hereby elects to exercise Holder’s option to purchase                      shares of the Common Stock (the “Shares”) of Leap Wireless International, Inc. (the
“Company”) under and pursuant to the Leap Wireless International, Inc. 2004 Stock Option,
Restricted Stock and Deferred Stock Unit Plan (the “Plan”) and the Stock Option Grant Notice and
Non-Qualified Stock Option Agreement dated                     , (the “Option
Agreement”). Capitalized terms used herein without definition shall have the meanings given in the
Option Agreement.

	 	 	 
	Grant Date:
	 	 
	 

	 	 
	 
	 	 
	Number of Shares as to which Option is
Exercised:
	 	 
	 

	 	 
	 
	 	 
	Exercise Price per Share:

	 	$                    
	 
	 	 
	Total Exercise Price:

	 	$                    
	 
	 	 
	Certificate to be issued in name of:
	 	 
	 

	 	 
	 
	 	 
	Cash Payment delivered herewith:

	 	$                     (Representing the full Exercise Price for the Shares, as well as any applicable withholding tax)

	 	 	 
	Type of Option:

	 	The Option is a Non-Qualified Stock Option and is not
an incentive stock option within the meaning of Section
422 of the Code.

     1. Representations of Holder. Holder acknowledges that Holder has received, read and
understood the Plan and the Option Agreement. Holder agrees to abide by and be bound by their terms
and conditions.

     2. Rights as Stockholder. Until the Shares are issued (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer agent of the
Company), no right to vote or receive dividends or any’ other rights as a stockholder shall exist
with respect to Shares subject to the Option, notwithstanding the 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 Shares are issued, except as provided in Section 10.3 of the Plan.

     3. Tax Consultation. Holder understands that there are tax consequences to Holder as
a result of Holder’s purchase or disposition of the Shares. Holder represents that Holder has
consulted with any tax consultants Holder deems advisable in connection with the purchase or
disposition of the Shares and that Holder is not relying on the Company for any tax advice.

     4. Entire Agreement. The Plan and Option Agreement are incorporated herein by
reference. This Exercise Notice, the Plan and the Option Agreement constitute the entire

	 	 	 
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agreement of the parties and supersede in their entirety all prior undertakings and agreements
of the Company and Holder with respect to the subject matter hereof.

	 	 	 	 	 	 	 
	ACCEPTED BY:	 	SUBMITTED BY
	LEAP WIRELESS INTERNATIONAL, INC.	 	HOLDER:
	 
	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	Print Name:

	 	 	 	Print Name:	 	 
	 

	 	 
	 	 	 	 
	Title:

	 	 	 	Address:	 	 
	 

	 	 
	 	 	 	 

	 	 	 
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EXHIBIT D

TO STOCK OPTION GRANT NOTICE

FORM OF GENERAL RELEASE

     1. General Release of Claims. In consideration of certain rights to accelerated
vesting and exercisability of options to purchase shares of common stock of Leap Wireless
International, Inc. (the “Company”) granted to the undersigned (“Holder”) pursuant to the Leap
Wireless International, Inc. 2004 Stock Option, Restricted Stock and Deferred Stock Unit Plan (the
“Plan”), Holder does hereby for himself or herself and his or her spouse, beneficiaries, heirs,
successors and assigns, release, acquit and forever discharge the Company and Cricket
Communications, Inc. (collectively, the “Companies”) and their respective stockholders, officers,
directors, managers, employees, representatives, related entities, successors and assigns, and all
persons acting by, through or in concert with them (collectively, the “Releasees”) of and from any
and all claims, actions, charges, complaints, causes of action, rights, demands, debts, damages, or
accountings of whatever nature, except for criminal activity, known or unknown, which Holder may
have against the Releasees based on any actions or events which occurred prior to the date of this
General Release, including, but not limited to, those related to, or arising from, Holder’s
employment with the Companies, or the termination thereof, any claims under Title VII of the Civil
Rights Act of 1964, the Federal Age Discrimination and Employment Act and the California Fair
Employment and Housing Act (collectively, “Claims”). This General Release shall not, however,
constitute a waiver of any of Holder’s vested rights under any outstanding award granted to Holder
pursuant to the Plan or under the terms of any employee benefit plan of the Companies in which
Holder is a participant.

     2. Release of Unknown Claims. In addition, Holder expressly waives all rights under
Section 1542 of the Civil Code of the State of California, which reads as follows:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH A CREDITOR DOES NOT KNOW OR SUSPECT TO
EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER
MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.

     3. Older Worker’s Benefit Protection Act. Holder agrees and expressly acknowledges
that this General Release includes a waiver and release of all claims which Holder has or may have
under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et
seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and
release of the ADEA claims under this General Release:

          a. That this General Release is written in a manner calculated to be understood by Holder.

          b. The waiver and release of claims under the ADEA contained in this General Release do not
cover rights or claims that may arise after the date on which Holder signs this General Release.

	 	 	 
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          c. The rights to accelerated vesting and exercisability of options to purchase shares of the
Company’s common stock provide for consideration in addition to anything of value to which Holder
is already entitled.

          d. Holder is advised to consult an attorney before signing this General Release.

          e. Holder is afforded twenty-one (21) days (or, in the event that the Holder is terminated in
connection with an exit incentive or other employment termination program, forty-five (45) days)
after Holder is provided with this General Release to decide whether or not to sign this General
Release. If Holder executes this General Release prior to the expiration of such period, Holder
does so voluntarily and after having had the opportunity to consult with an attorney.

          f. In the event that any termination of Holder’s employment is in connection with an exit
incentive or other employment termination program, Holder is provided with written information,
calculated to be understood by the average individual eligible to participate, as to:

          (i) any class, unit, or group of individuals covered by such program, any eligibility
factors for such program, and any time limits applicable to such programs; and

          (ii) the job titles and ages of all individuals eligible or selected for the program,
and the ages of all individuals in the same job classification or organizational unit who
are not eligible or not selected for the program.

          g. Holder will have the right to revoke this General Release within seven (7) days of signing
this General Release. In the event this General Release is revoked, this General Release will be
null and void in its entirety, and Holder will not receive the benefits described in Paragraph 1
above.

          h. If Holder wishes to revoke the General Release, Holder shall deliver written notice stating
his or her intent to revoke this General Release to the Company’s Corporate Secretary on or before
the seventh (7th) day after the date hereof.

     4. No Assignment of Claims. Holder represents and warrants to the Releasees that
there has been no assignment or other transfer of any interest in any Claim which Holder may have
against the Releasees, or any of them, and Holder agrees to indemnify and hold the Releasees
harmless from any liability, claims, demands, damages, costs, expenses and attorneys’ fees incurred
as a result of any person asserting any such assignment or transfer of any rights or Claims under
any such assignment or transfer from such party.

     5. No Suits or Actions. Holder agrees that if he or she hereafter commences, joins
in, or in any manner seeks relief through any suit arising out of, based upon, or relating to any
of the Claims released hereunder, or in any manner asserts against the Releasees any of the Claims
released hereunder, then he or she will pay to the Releasees against whom such suit or Claim is
asserted, in addition to any other damages caused thereby, all attorneys’ fees incurred by such
Releasees in defending or otherwise responding to said suit or Claim.

	 	 	 
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     6. No Admission. Holder further understands and agrees that neither the payment of
money nor the execution of this Release shall constitute or be construed as an admission of any
liability whatsoever by the Releasees.

	 	 	 	 	 	 	 
	 	 	HOLDER	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Date:
	 	 	 	 
	 

	 	 	 	 	 	 

	 	 	 
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Exhibit 10.8

(FOUR-YEAR TIME BASED VESTING)

LEAP WIRELESS INTERNATIONAL, INC.

2004 STOCK OPTION, RESTRICTED STOCK AND

DEFERRED STOCK UNIT PLAN

RESTRICTED STOCK AWARD GRANT NOTICE AND

RESTRICTED STOCK AWARD AGREEMENT

     Leap Wireless International, Inc. (the “Company”), pursuant to its 2004 Stock Option,
Restricted Stock and Deferred Stock Unit Plan (the “Plan”), hereby grants to the holder listed
below (“Holder”), the right to purchase the number of shares of the Company’s Common Stock set
forth below (the “Shares”) at the purchase price set forth below. This Restricted Stock award is
subject to all of the terms and conditions as set forth herein and in the Restricted Stock Award
Agreement attached hereto as Exhibit A (the “Restricted Stock Agreement”) and the Plan,
each of which are incorporated herein by reference. Unless otherwise defined herein, the terms
defined in the Plan shall have the same defined meanings in this Grant Notice and the Restricted
Stock Agreement.

	 	 	 
	Holder:

	 	_______________
	Award Number:

	 	_______________
	Grant Date:

	 	_______________
	Purchase Price per Share:

	 	$  per share
	Total Number of Shares of Restricted
Stock:

	 	_______________
	Vesting Schedule:

	 	The Shares shall be released from
the Company’s Repurchase Option
set forth in Section 3.1 of the
Restricted Stock Agreement on the
dates and in the amounts
indicated in Exhibit B to this
Grant Notice.

By his or her signature and the Company’s signature below, Holder agrees to be bound by the terms
and conditions of the Plan, the Restricted Stock Agreement and this Grant Notice. Holder has
reviewed the Restricted Stock Agreement, the Plan and this Grant Notice in their entirety, has had
an opportunity to obtain the advice of counsel prior to executing this Grant Notice and fully
understands all provisions of this Grant Notice, the Restricted Stock Agreement and the Plan.
Holder hereby agrees to accept as binding, conclusive and final all decisions or interpretations of
the Administrator of the Plan upon any questions arising under the Plan, this Grant Notice or the
Restricted Stock Agreement. If Holder is married, his or her spouse has signed the Consent of
Spouse attached to this Grant Notice as Exhibit C.

	 	 	 	 	 
		 	 
	LEAP WIRELESS INTERNATIONAL, INC.	 	HOLDER:
	By:
	 	 	By:	 
	Print Name: 
	 	 	Print Name: 	 
	Title: 
	 	 	Title: 	 
	Address: 10307 Pacific Center Court

	 	Address:	 
	                  San Diego, California 92121
	 	 

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EXHIBIT A

TO RESTRICTED STOCK AWARD GRANT NOTICE

RESTRICTED STOCK AWARD AGREEMENT

     Pursuant to the Restricted Stock Award Grant Notice (“Grant Notice”) to which this Restricted
Stock Award Agreement (this “Agreement”) is attached, Leap Wireless International, Inc. (the
“Company”) has granted to Holder the right to purchase the number of shares of Restricted Stock
under the Company’s 2004 Stock Option, Restricted Stock and Deferred Stock Unit Plan (the “Plan”)
indicated in the Grant Notice.

ARTICLE I

GENERAL

     1.1 Defined Terms. Capitalized terms not specifically defined herein shall have the
meanings specified in the Plan and the Grant Notice.

     1.2 Incorporation of Terms of Plan. The Shares are subject to the terms and
conditions of the Plan which are incorporated herein by reference.

ARTICLE II

GRANT OF RESTRICTED STOCK

     2.1 Grant of Restricted Stock. In consideration of Holder’s past and/or continued
employment with or service to the Company or its Subsidiaries and for other good and valuable
consideration, effective as of the Grant Date set forth in the Grant Notice (the “Grant Date”), the
Company irrevocably grants to Holder the right to purchase the number of shares of Common Stock set
forth in the Grant Notice (the “Shares”), upon the terms and conditions set forth in the Plan and
this Agreement.

     2.2 Purchase Price. The purchase price of the Shares shall be as set forth in the
Grant Notice, without commission or other charge. The payment of the purchase price shall be paid
by cash or check.

     2.3 Issuance of Shares. The issuance of the Shares under this Agreement shall occur
at the principal office of the Company simultaneously with the execution of this Agreement by the
parties or on such other date as the Company and Holder shall agree (the “Issuance Date”). Subject
to the provisions of Article IV below, on the Issuance Date, the Company shall issue the Shares
(which shall be issued in Holder’s name).

     2.4 Conditions to Issuance of Stock Certificates. The Shares, or any portion thereof,
may be either previously authorized but unissued shares or issued shares which have then been
reacquired by the Company. Such Shares shall be fully paid and nonassessable. The Company shall
not be required to issue or deliver any Shares prior to fulfillment of all of the following
conditions:

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     (a) The admission of such Shares to listing on all stock exchanges on which such Common Stock
is then listed; and

     (b) The completion of any registration or other qualification of such shares under any state
or federal law or under rulings or regulations of the Securities and Exchange Commission or of any
other governmental regulatory body, which the Administrator shall, in its absolute discretion, deem
necessary or advisable; and

     (c) The obtaining of any approval or other clearance from any state or federal governmental
agency which the Administrator shall, in its absolute discretion, determine to be necessary or
advisable; and

     (d) The lapse of such reasonable period of time following the Issuance Date as the
Administrator may from time to time establish for reasons of administrative convenience; and

     (e) The receipt by the Company of full payment for such Shares, including payment of any
applicable withholding tax, which in the discretion of the Administrator may be in the form of
consideration used by Holder to pay for such Shares, subject to Section 10.4 of the Plan.

     2.5 Rights as Stockholder. Except as otherwise provided herein, upon delivery of the
Shares to the escrow holder pursuant to Article IV, Holder shall have all the rights of a
stockholder with respect to said Shares, subject to the restrictions herein, including the right to
vote the Shares and to receive all dividends or other distributions paid or made with respect to
the Shares; provided, however, that any and all cash dividends paid on such Shares and any and all
shares of Common Stock, capital stock or other securities received by or distributed to Holder with
respect to the Shares as a result of any stock dividend stock split, reverse stock split,
recapitalization, combination, reclassification, or similar change in the capital structure of the
Company shall also be subject to the Repurchase Option (as defined in Section 3.1 below) and the
restrictions on transfer in Section 3.4 below until such restrictions on the underlying Shares
lapse or are removed pursuant to this Agreement.

ARTICLE III

RESTRICTIONS ON SHARES

     3.1 Repurchase Option. Subject to the provisions of Section 3.2 below, if Holder has
a Termination of Employment, Termination of Directorship or Termination of Consultancy, as
applicable, before all of the Shares are released from the Company’s Repurchase Option (as defined
below), the Company shall, upon the date of such Termination (as reasonably fixed and determined by
the Company), have an irrevocable, exclusive option, but not the obligation, for a period of sixty
(60) days, commencing ninety (90) days after the date Holder has a Termination of Employment,
Termination of Directorship or Termination of Consultancy, as applicable, to repurchase all or any
portion of the Unreleased Shares (as defined below in Section 3.3) at such time (the “Repurchase
Option”) at the original cash purchase price per share (the “Repurchase Price”). The Repurchase
Option shall lapse and terminate one hundred fifty (150) days after

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Holder has a Termination of Employment, Termination of Directorship or Termination of
Consultancy, as applicable. The Repurchase Option shall be exercisable by the Company by written
notice to Holder or Holder’s executor (with a copy to the escrow agent appointed pursuant to
Section 4.1 below) and shall be exercisable, at the Company’s option, by delivery to Holder or
Holder’s executor with such notice of a check in the amount of the Repurchase Price times the
number of Shares to be repurchased (the “Aggregate Repurchase Price”). Upon delivery of such
notice and the payment of the Aggregate Repurchase Price, the Company shall become the legal and
beneficial owner of the Shares being repurchased and all rights and interests therein or relating
thereto, and the Company shall have the right to retain and transfer to its own name the number of
Shares being repurchased by the Company. In the event the Company repurchases any Shares under this
Section 3.1, any dividends or other distributions paid on such Shares and held by the escrow agent
pursuant to Section 4.1 and the Joint Escrow Instructions shall be promptly paid by the escrow
agent to the Company.

     3.2 Release of Shares from Repurchase Restriction. Subject to Section 3.1
above, the Shares shall be released from the Company’s Repurchase Option as indicated in
Exhibit B to the Grant Notice. Any of the Shares released from the Company’s Repurchase
Option shall thereupon be released from the restrictions on transfer under Section 3.4. In the
event any of the Shares are released from the Company’s Repurchase Option, any dividends or other
distributions paid on such Shares and held by the escrow agent pursuant to Section 4.1 and the
Joint Escrow Instructions shall be promptly paid by the escrow agent to Holder.

     3.3 Unreleased Shares. Any of the Shares which, from time to time, have not yet been
released from the Company’s Repurchase Option are referred to herein as “Unreleased Shares.”

     3.4 Restrictions on Transfer. Unless otherwise permitted by the Administrator
pursuant to the Plan, no Unreleased Shares or any dividends or other distributions thereon or any
interest or right therein or part thereof, shall be liable for the debts, contracts or engagements
of Holder or his or her successors in interest or shall be subject to disposition by transfer,
alienation, anticipation, pledge, encumbrance, assignment or any other means whether such
disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment,
garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted
disposition thereof shall be null and void and of no effect.

ARTICLE IV

ESCROW OF SHARES

     4.1 Escrow of Shares. To insure the availability for delivery of Holder’s Unreleased
Shares upon repurchase by the Company pursuant to the Repurchase Option under Section 3.1, Holder
hereby appoints the Secretary of the Company, or any other person designated by the Administrator
as escrow agent, as his or her attorney-in-fact to assign and transfer unto the Company, such
Unreleased Shares, if any, repurchased by the Company pursuant to the Repurchase Option pursuant to
Section 3.1 and any dividends or other distributions thereon, and shall, upon execution of this
Agreement, deliver and deposit with the Secretary of the Company, or such other person designated
by the Administrator, any share certificates representing the

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Unreleased Shares, together with the stock assignment duly endorsed in blank, attached to the
Grant Notice as Exhibit D to the Grant Notice. The Unreleased Shares and stock assignment
shall be held by the Secretary of the Company, or such other person designated by the
Administrator, in escrow, pursuant to the Joint Escrow Instructions of the Company and Holder
attached as Exhibit E to the Grant Notice, until the Company exercises its Repurchase
Option as provided in Section 3.1, until such Unreleased Shares are released from the Company’s
Repurchase Option, or until such time as this Agreement no longer is in effect. Upon release of
the Unreleased Shares, the escrow agent shall deliver to Holder the certificate or certificates
representing such Shares in the escrow agent’s possession belonging to Holder in accordance with
the terms of the Joint Escrow Instructions attached as Exhibit E to the Grant Notice, and
the escrow agent shall be discharged of all further obligations hereunder; provided, however, that
the escrow agent shall nevertheless retain such certificate or certificates as escrow agent if so
required pursuant to other restrictions imposed pursuant to this Agreement. If the Shares are held
in book entry form, then such entry will reflect that the Shares are subject to the restrictions of
this Agreement. If any dividends or other distributions are paid on the Unreleased Shares held by
the escrow agent pursuant to this Section 4.1 and the Joint Escrow Instructions, such dividends or
other distributions shall also be subject to the restrictions set forth in this Agreement and held
in escrow pending release of the Unreleased Shares with respect to which such dividends or other
distributions were paid from the Company’s Repurchase Option.

     4.2 Transfer of Repurchased Shares. Holder hereby authorizes and directs the
Secretary of the Company, or such other person designated by the Administrator, to transfer the
Unreleased Shares as to which the Repurchase Option has been exercised from Holder to the Company.

     4.3 No Liability for Actions in Connection with Escrow. The Company, or its designee,
shall not be liable for any act it may do or omit to do with respect to holding the Shares in
escrow and while acting in good faith and in the exercise of its judgment.

ARTICLE V

OTHER PROVISIONS

     5.1 Adjustment for Stock Split. In the event of any stock dividend, stock split,
reverse stock split, recapitalization, combination, reclassification, or similar change in the
capital structure of the Company, the Administrator shall make appropriate and equitable
adjustments in the Unreleased Shares subject to the Repurchase Option and the number of Shares,
consistent with any adjustment under Section 10.3 of the Plan. The provisions of this Agreement
shall apply, to the full extent set forth herein with respect to the Shares, to any and all shares
of capital stock or other securities which may be issued in respect of, in exchange for, or in
substitution of the Shares, and shall be appropriately adjusted for any stock dividends, splits,
reverse splits, combinations, recapitalizations and the like occurring after the date hereof.

     5.2 Taxes. Holder has reviewed with Holder’s own tax advisors the federal, state,
local and foreign tax consequences of this investment and the transactions contemplated by the
Grant Notice and this Agreement. Holder is relying solely on such advisors and not on any
statements or representations of the Company or any of its agents. Holder understands that

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Holder (and not the Company) shall be responsible for Holder’s own tax liability that may
arise as a result of this investment or the transactions contemplated by this Agreement. Holder
understands that Holder will recognize ordinary income for federal income tax purposes under
Section 83 of the Code. Holder understands that Holder may elect to be taxed for federal income
tax purposes at the time the Shares are purchased rather than as and when the Repurchase Option
lapses by filing an election under Section 83(b) of the Code with the Internal Revenue Service
within thirty (30) days from the date of purchase. A form of election under Section 83(b) of the
Code is attached to the Grant Notice as Exhibit F.

HOLDER ACKNOWLEDGES THAT IT IS HOLDER’S SOLE RESPONSIBILITY AND NOT THE COMPANY’S TO TIMELY
FILE THE ELECTION UNDER SECTION 83(b), EVEN IF HOLDER REQUESTS THE COMPANY OR ITS REPRESENTATIVES
TO MAKE THIS FILING ON HOLDER’S BEHALF

     5.3 Limitations Applicable to Section 16 Persons. Notwithstanding any other provision
of the Plan or this Agreement, if Holder is subject to Section 16 of the Exchange Act, the Plan,
the Shares and this Agreement shall be subject to any additional limitations set forth in any
applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule
16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To
the extent permitted by applicable law, this Agreement shall be deemed amended to the extent
necessary to conform to such applicable exemptive rule.

     5.4 Administration. The Administrator shall have the power to interpret the Plan and
this Agreement and to adopt such rules for the administration, interpretation and application of
the Plan as are consistent therewith and to interpret, amend or revoke any such rules. All actions
taken and all interpretations and determinations made by the Administrator in good faith shall be
final and binding upon Holder, the Company and all other interested persons. No member of the
Administrator shall be personally liable for any action, determination or interpretation made in
good faith with respect to the Plan, this Agreement or the Shares. In its absolute discretion, the
Board may at any time and from time to time exercise any and all rights and duties of the
Administrator under the Plan and this Agreement.

     5.5 Restrictive Legends and Stop-Transfer Orders.

     (a) Any share certificate(s) evidencing the Shares issued hereunder shall be endorsed with the
following legend and any other legend required by any applicable federal and state securities laws:

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF REPURCHASE IN
FAVOR OF THE COMPANY AND MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF A
RESTRICTED STOCK AWARD AGREEMENT BETWEEN THE COMPANY AND THE STOCKHOLDER, A COPY OF
WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.

     (b) Holder agrees that, in order to ensure compliance with the restrictions referred to
herein, the Company may issue appropriate “stop transfer” instructions to its transfer

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agent, if any, and that, if the Company transfers its own securities, it may make appropriate
notations to the same effect in its own records.

     (c) The Company shall not be required: (i) to transfer on its books any shares of Common Stock
that have been sold or otherwise transferred in violation of any of the provisions of this
Agreement, or (ii) to treat as owner of such shares of Common Stock or to accord the right to vote
or pay dividends to any purchaser or other transferee to whom such shares shall have been so
transferred.

     5.6 Notices. Any notice to be given under the terms of this Agreement to the Company
shall be addressed to the Company in care of the Secretary of the Company, and any notice to be
given to Holder shall be addressed to Holder at the address given beneath Holder’s signature on the
Grant Notice. By a notice given pursuant to this Section 5.6, either party may hereafter designate
a different address for notices to be given to that party. Any notice shall be deemed duly given
when sent via email or when sent by certified mail (return receipt requested) and deposited (with
postage prepaid) in a post office or branch post office regularly maintained by the United States
Postal Service.

     5.7 Titles. Titles are provided herein for convenience only and are not to serve as a
basis for interpretation or construction of this Agreement.

     5.8 Governing Law; Severability. This Agreement shall be administered, interpreted
and enforced under the laws of the State of Delaware without regard to conflicts of laws thereof.
Should any provision of this Agreement be determined by a court of law to be illegal or
unenforceable, the other provisions shall nevertheless remain effective and shall remain
enforceable.

     5.9 Conformity to Securities Laws. Holder acknowledges that the Plan is intended to
conform to the extent necessary with all provisions of the Securities Act and the Exchange Act and
any and all regulations and rules promulgated by the Securities and Exchange Commission thereunder,
and state securities laws and regulations. Notwithstanding anything herein to the contrary, the
Plan shall be administered, and the Shares are to be issued, only in such a manner as to conform to
such laws, rules and regulations. To the extent permitted by applicable law, the Plan and this
Agreement shall be deemed amended to the extent necessary to conform to such laws, rules and
regulations.

     5.10 Amendments. This Agreement may not be modified, amended or terminated except by
an instrument in writing, signed by Holder and by a duly authorized representative of the Company.

     5.11 No Employment Rights. If Holder is an Employee, nothing in the Plan or this
Agreement shall confer upon Holder any right to continue in the employ of the Company or any
Subsidiary or shall interfere with or restrict in any way the rights of the Company and its
Subsidiaries, which are expressly reserved, to discharge Holder at any time for any reason
whatsoever, with or without cause, except to the extent expressly provided otherwise in a written
agreement between the Company and Holder.

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     5.12 Successors and Assigns. The Company may assign any of its rights under this
Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the
successors and assigns of the Company. Subject to the restrictions on transfer herein set forth,
this Agreement shall be binding upon Holder and his or her heirs, executors, administrators,
successors and assigns.

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EXHIBIT B

TO RESTRICTED STOCK AWARD GRANT NOTICE

VESTING PROVISIONS

     Capitalized terms used in this Exhibit B and not defined below shall have the meanings
given them in the Agreement to which this Exhibit B is attached.

     1. Time-Based Vesting. Subject to any accelerated vesting pursuant to paragraph 2
below, and the other provisions of the Grant Notice and the Restricted Stock Agreement, the
Unreleased Shares shall be released from the Company’s Repurchase Option in accordance with the
following schedule:

	 	 	 
	Percentage of the Total Shares Subject to this 	 	 
	Restricted Stock Agreement that are Released	 	Release Date
	25% of Total Number of Shares Subject
to this Restricted Stock Agreement

	 	Second Anniversary of the Grant Date
	25% of Total Number of Shares Subject
to this Restricted Stock Agreement

	 	Third Anniversary of the Grant Date
	50% of the Total Number of Shares
Subject this Restricted Stock
Agreement

	 	Fourth Anniversary of the Grant Date

     2. Change in Control Accelerated Vesting.

     (a) Termination of Employment in the Event of a Change in Control. In the event of a
Change in Control, if Holder has a Termination of Employment by reason of discharge by the Company
other than for Cause (as defined below), or by reason of resignation by Holder for Good Reason (as
defined below), during the period commencing ninety (90) days prior to such Change in Control and
ending twelve (12) months after such Change in Control, then the remaining Unreleased Shares shall
be released from the Company’s Repurchase Option on the date of Holder’s Termination of Employment
(or, if later, immediately prior to the date of the occurrence of such Change in Control).

     (b) Definitions of Cause and Good Reason. For purposes of this Exhibit B,
the terms “Cause” and “Good Reason” shall have the meanings given to such terms in the Holder’s
employment agreement with the Company in effect on the Grant Date and if Holder does not have an
employment agreement or Holder’s employment agreement does not include definitions of “Cause” and
“Good Reason”, the terms shall be defined for purposes of this Exhibit B as follows:

     (i) “Cause” shall mean termination of Holder’s employment by the Company (or any Parent
or Subsidiary or any successor thereof) for any one or more of

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the following occurrences: (A) Holder’s material breach of any provision of the
Employee Confidentiality and Invention Assignment Agreement or any other agreement between
Holder and the Company (or any Parent or Subsidiary or any successor thereof), after a
written notice from the Company is delivered to Holder describing Holder’s breach and Holder
is afforded a period of at least thirty (30) days to correct the breach and fails to do so
within such period; (B) Holder’s conviction by, or entry of a plea of guilty or nolo
contendere in, a court of competent and final jurisdiction for (i) any felony, or (ii) other
illegal conduct (other than minor traffic violations) that is likely to inflict or has
inflicted material injury on the business of the Company (or any Parent or Subsidiary or any
successor thereof); (C) Holder’s commission of an act of fraud, embezzlement or dishonesty,
whether prior to or subsequent to the date hereof upon the Company (or any Parent or
Subsidiary or any successor thereof); (D) Holder’s willful neglect of or willful failure to
substantially perform (i) Holder’s duties with the Company (or any Parent or Subsidiary or
any successor thereof) or (ii) the lawful and reasonable directions of the Board of
Directors of the Company (or any Parent or Subsidiary or any successor thereof which employs
Holder or for which Holder serves as an officer) or of the individual to whom Holder reports
(other than any such neglect or failure occurring after Holder’s issuance of a notice of
termination for Good Reason), after a written notice from the Company is delivered to Holder
describing Holder’s neglect or failure to perform and Holder is afforded a period of at
least thirty (30) days to correct the neglect or failure to perform and fails to do so
within such period; or (E) Holder’s gross misconduct affecting or material violation of any
duty of loyalty to the Company (or any Parent or Subsidiary or any successor thereof).

     (ii) “Good Reason” shall mean, without Holder’s express written consent, the occurrence
of any of the following circumstances: (A) a material diminution in Holder’s authority,
duties or responsibilities with the Company (or any Parent or Subsidiary or any successor
thereof), including, without limitation, the continuous assignment to Holder of any duties
materially inconsistent with Holder’s position with the Company (or any Parent or Subsidiary
or any successor thereof), or a material negative change in the nature or status of Holder’s
responsibilities or the conditions of Holder’s employment with the Company (or any Parent or
Subsidiary or any successor thereof); (B) a material diminution in Holder’s annualized cash
and benefits compensation opportunity, which shall include Holder’s base compensation,
Holder’s annual target bonus opportunity and Holder’s aggregate employee benefits, as in
effect on the Grant Date as the same may be increased from time to time thereafter; (C) a
material change in the geographic location at which Holder must perform his or her duties
(and the Company and Holder agree that any involuntary relocation of the Company’s offices
(or the offices of any Parent or Subsidiary or any successor thereof) at which Holder is
principally employed to a location more than sixty (60) miles from such location would
constitute a material change); or (D) a material breach by the Company (or any Parent or
Subsidiary or any successor thereof) of its obligations to Holder under a written severance
agreement that expressly provides that Holder’s resignation of employment with the Company
(or any Parent or Subsidiary thereof) following a material breach of such written severance
agreement constitutes a resignation of employment for “Good Reason” thereunder.

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Holder’s right to terminate employment with the Company (or any Parent or Subsidiary or any
successor thereof) pursuant to this subparagraph shall not be affected by Holder’s
incapacity due to physical or mental illness. Holder’s continued employment with the
Company (or any Parent or Subsidiary or any successor thereof) shall not constitute consent
to, or a waiver of rights with respect to, any circumstance constituting Good Reason
hereunder.

Holder must provide written notice to the Company of the occurrence of any of the foregoing
events or conditions without Holder’s written consent within ninety (90) days of the initial
occurrence of such event or condition. The Company (or any Parent or Subsidiary or any
successor thereof) shall have a period of thirty (30) days to cure such event or condition
after receipt of written notice of such event or condition from Holder. Holder must resign
for Good Reason within one (1) year following the initial existence of the event or
condition constituting Good Reason.

     (c) Condition to Release of Shares. The release of Unreleased Shares from the
Company’s Repurchase Option pursuant to subparagraph 2(a) shall be conditioned on Holder’s delivery
to the Company of an executed General Release substantially in the form attached as Exhibit
G to the Grant Notice (which General Release shall be subject to revision from time-to-time by
the Company due to, among other things, changing legal and regulatory requirements) and the
Holder’s non-revocation of such General Release during the time period for such revocation set
forth therein.

     3. Limit on Release of Shares. In no event will more than 100% of the Unreleased
Shares be released from the Company’s Repurchase Option pursuant to the provisions of this
Exhibit B.

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EXHIBIT C

TO RESTRICTED STOCK AWARD GRANT NOTICE

CONSENT OF SPOUSE

     I, ________________________,
spouse of ________________________, have read and approve the foregoing Agreement. In
consideration of issuing to my spouse the shares of the common stock of Leap Wireless
International, Inc. set forth in the Agreement, I hereby appoint my spouse as my attorney-in-fact
in respect to the exercise of any rights under the Agreement and agree to be bound by the
provisions of the Agreement insofar as I may have any rights in said Agreement or any shares of the
common stock of Leap Wireless International, Inc. issued pursuant thereto under the community
property laws or similar laws relating to marital property in effect in the state of our residence
as of the date of the signing of the foregoing Agreement.

	 	 	 
	Dated: __________________, ________

	 	 
	 

	 	Signature of Spouse

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EXHIBIT D

TO RESTRICTED STOCK AWARD GRANT NOTICE

STOCK ASSIGNMENT

     FOR VALUE RECEIVED,
the undersigned, ____________, hereby sells, assigns and transfers unto LEAP WIRELESS
INTERNATIONAL, INC., a Delaware corporation,
____________ shares of the Common Stock of LEAP WIRELESS
INTERNATIONAL, INC., a Delaware corporation, standing in its name of the books of said corporation
represented by Certificate No. ____________
 herewith and do hereby irrevocably constitute and appoint
____________
to transfer the said stock on the books of the within named corporation with
full power of substitution in the premises.

     This Stock Assignment may be used only in accordance with the Restricted Stock Award Agreement
between LEAP WIRELESS INTERNATIONAL, INC. and the undersigned dated _______, ___.

	 	 	 
	Dated: __________________, _________

	 	 
	 

	 	[Name of Holder]

     INSTRUCTIONS: Please do not fill in the blanks other than the signature line. The purpose of
this assignment is to enable the Company to exercise its “Repurchase Option,” as set forth in the
Restricted Stock Award Agreement, without requiring additional signatures on the part of Holder.

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EXHIBIT E

TO RESTRICTED STOCK AWARD GRANT NOTICE

JOINT ESCROW INSTRUCTIONS

________________, ____

Secretary

Leap Wireless International, Inc.

10307 Pacific Center Court

San Diego, California 92121

Ladies and Gentlemen:

     As escrow agent (the “Escrow Agent”) for both Leap Wireless International, Inc., a Delaware
corporation (the “Company”), and the undersigned recipient of stock of the Company (the “Holder”),
you are hereby authorized and directed to hold in escrow the documents delivered to you pursuant to
the terms of that certain Restricted Stock Award Agreement (“Agreement”) between the Company and
the undersigned (the “Escrow”), including the stock certificate and the Assignment in Blank, in
accordance with the following instructions:

     1. In the event the Company and/or any assignee of the Company (referred to collectively for
convenience herein as the “Company”) exercises the Company’s Repurchase Option as defined in the
Agreement), the Company shall give to the Holder and you a written notice specifying the number of
shares of stock to be purchased, the purchase price and the time for a closing hereunder at the
principal office of the Company. The Holder and the Company hereby irrevocably authorize and
direct you to close the transaction contemplated by such notice in accordance with the terms of
said notice.

     2. As of the date of closing of the repurchase indicated in such notice, you are directed (a)
to date the stock assignments necessary for the repurchase and transfer in question, (b) to fill in
the number of shares being repurchased and transferred, and (c) to deliver the same, together with
the certificate evidencing the shares of stock to be repurchased and transferred, to the Company or
its assignee.

     3. Holder irrevocably authorizes the Company to deposit with you any certificates evidencing
shares of stock to be held by you hereunder and any additions and substitutions to said shares as
defined in the Agreement. Holder does hereby irrevocably constitute and appoint you as Holder’s
attorney-in-fact and agent for the term of this escrow to execute with respect to such securities
all documents necessary or appropriate to make such securities negotiable and to complete any
transaction herein contemplated, including but not limited to the filing with any applicable state
blue sky authority of any required applications for consent to, or notice of transfer of, the
securities. Subject to the provisions of this paragraph and the Agreement, Holder shall exercise
all rights and privileges of a stockholder of the Company while the stock is held by you.

     4. Upon written request of Holder, but no more than once per calendar month, unless the
Company’s Repurchase Option has been exercised, you will deliver to Holder a certificate or

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certificates representing so many shares of stock as are not then subject to the Repurchase
Option. At the written request of Holder, on or prior to the later of (i) one hundred sixty (160)
days after any voluntary or involuntary termination of Holder’s services to the Company for any or
no reason and (ii) ten (10) days after your receipt of Holder’s written request, you will deliver
to Holder a certificate or certificates representing the aggregate number of shares held or issued
pursuant to the Agreement and not repurchased pursuant to the Repurchase Option set forth in
Section 3.1 of the Agreement.

     5. If at the time of termination of this escrow you should have in your possession any
documents, securities, or other property belonging to Holder, you shall deliver all of the same to
the Holder and shall be discharged of all further obligations hereunder.

     6. Your duties hereunder may be altered, amended, modified or revoked only by a writing signed
by all of the parties hereto.

     7. You shall be obligated only for the performance of such duties as are specifically set
forth herein and may rely and shall be protected in relying or refraining from acting on any
instrument reasonably believed by you to be genuine and to have been signed or presented by the
proper party or parties. You shall not be personally liable for any act you may do or omit to do
hereunder as Escrow Agent or as attorney-in-fact for Holder while acting in good faith, and any act
done or omitted by you pursuant to the advice of your own attorneys shall be conclusive evidence of
such good faith.

     8. You are hereby expressly authorized to disregard any and all warnings given by any of the
parties hereto or by any other person or corporation, excepting only orders or process of courts of
law and are hereby expressly authorized to comply with and obey orders, judgments or decrees of any
court. In case you obey or comply with any such order, judgment or decree, you shall not be liable
to any of the parties hereto or to any other person, firm or corporation by reason of such
compliance, notwithstanding any such order, judgment or decree being subsequently reversed,
modified, annulled, set aside, vacated or found to have been entered without jurisdiction.

     9. You shall not be liable in any respect on account of the identity, authorities or rights of
the parties executing or delivering or purporting to execute or deliver the Agreement or any
documents or papers deposited or called for hereunder.

     10. You shall not be liable for the expiration of any rights under any applicable state,
federal or local statute of limitations or similar statute or regulation with respect to these
Joint Escrow Instructions or any documents deposited with you.

     11. You shall be entitled to employ such legal counsel and other experts as you may deem
necessary properly to advise you in connection with your obligations hereunder, may rely upon the
advice of such counsel, and may pay such counsel reasonable compensation therefor. The Company will
reimburse you for any reasonable attorneys’ fees with respect thereto.

     12. Your responsibilities as Escrow Agent hereunder shall terminate if you shall cease to be
an officer or agent of the Company or if you shall resign by written notice to each party. In the
event of any such termination, the Company shall appoint a successor Escrow Agent.

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     13. If you reasonably require other or further instruments in connection with these Joint
Escrow Instructions or obligations in respect hereto, the necessary parties hereto shall join in
furnishing such instruments.

     14. It is understood and agreed that should any dispute arise with respect to the delivery
and/or ownership or right of possession of the securities held by you hereunder, you are authorized
and directed to retain in your possession without liability to anyone all or any part of said
securities until such disputes shall have been settled either by mutual written agreement of the
parties concerned or by a final order, decree or judgment of a court of competent jurisdiction
after the time for appeal has expired and no appeal has been perfected, but you shall be under no
duty whatsoever to institute or defend any such proceedings.

     15. Any notice to be given under the terms of this Agreement to the Company shall be addressed
to the Company in care of the Secretary of the Company, and any notice to be given to the Holder or
you shall be addressed to the address given beneath Holder’s and your signatures on the signature
page to this Agreement. By a notice given pursuant to this Section 15, any party may hereafter
designate a different address for notices to be given to that party. Any notice, which is required
to be given to Holder, shall, if the Holder is then deceased, be given to Holder’s designated
beneficiary, if any by written notice under this Section 15. Any notice shall be deemed duly given
when sent via email or when sent by certified mail (return receipt requested) and deposited (with
postage prepaid) in a post office or branch post office regularly obtained by the United States
Postal Service.

     16. By signing these Joint Escrow Instructions, you become a party hereto only for the purpose
of said Joint Escrow Instructions; you do not become a party to the Agreement.

     17. This instrument shall be binding upon and inure to the benefit of the parties hereto, and
their respective successors and permitted assigns.

     18. These Joint Escrow Instructions shall be governed by, and construed and enforced in
accordance with, the laws of the State of Delaware, without regard to conflicts of law thereof.

(Signature Page Follows)

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     IN WITNESS WHEREOF, the parties have executed these Joint Escrow Instructions as of the date
first written above.

	 	 	 	 	 
	 

	 	Very truly yours,
	 
	 	 	 	 
	 

	 	LEAP WIRELESS
INTERNATIONAL, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	Name: S. Douglas Hutcheson
	 

	 	 	Title:  President & CEO
	 
	 	 	 	 
	 

	 	Address:
	 	10307 Pacific Center Court

San Diego, California 92121
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	HOLDER:	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 

	 	Address:	 	 
	 

	 	 	 	 

	 	 	 	 
	ESCROW AGENT:
	 	 	 
	 	 	 
	By:	 	 
	 	 	
Robert Irving,
	 	 	
Secretary, Leap Wireless International, Inc.
	 	 	 
	Address:	 	
10307 Pacific Center Court

San Diego, California 92121

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EXHIBIT F

TO RESTRICTED STOCK AWARD GRANT NOTICE

FORM OF 83(B) ELECTION AND INSTRUCTIONS

     These instructions are provided to assist you if you choose to make an election under Section
83(b) of the Internal Revenue Code, as amended, with respect to the shares of common stock, par
value $0.0001, of Leap Wireless International, Inc. transferred to you. Please consult with your
personal tax advisor as to whether an election of this nature will be in your best interests in
light of your personal tax situation.

     The executed original of the Section 83(b) election must be filed with the Internal Revenue
Service not later than 30 days after the date the shares were transferred to you. PLEASE NOTE:
There is no remedy for failure to file on time. The steps outlined below should be followed to
ensure the election is mailed and filed correctly and in a timely manner. ALSO, PLEASE NOTE: If
you make the Section 83(b) election, the election is irrevocable.

	1.	 	Complete Section 83(b) election form (attached as Attachment 1) and make four (4)
copies of the signed election form. (Your spouse, if any, should sign Section 83(b) election
form as well.)

	2.	 	Prepare the cover letter to the Internal Revenue Service (sample letter attached as
Attachment 2).

	3.	 	Send the cover letter with the originally executed Section 83(b) election form and one (1)
copy via certified mail, return receipt requested to the Internal Revenue Service at the
address of the Internal Revenue Service where you file your personal tax returns. We suggest
that you have the package date-stamped at the post office. The post office will provide you
with a white certified receipt that includes a dated postmark. Enclose a self-addressed,
stamped envelope so that the Internal Revenue Service may return a date-stamped copy to you.
However, your postmarked receipt is your proof of having timely filed the Section 83(b)
election if you do not receive confirmation from the Internal Revenue Service.

	4.	 	One (1) copy must be sent to Leap Wireless International, Inc. for its records and one (1)
copy must be attached to your federal income tax return for the applicable calendar year.

     5. Retain the Internal Revenue Service file stamped copy (when returned) for your records.

     Please consult your personal tax advisor for the address of the office of the Internal Revenue
Service to which you should mail your election form.

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ATTACHMENT 1 TO EXHIBIT F

ELECTION UNDER INTERNAL REVENUE CODE SECTION 83(B)

     The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code
of 1986, as amended, to include in taxpayer’s gross income for the current taxable year the amount
of any compensation taxable to taxpayer in connection with taxpayer’s receipt of shares (the
“Shares”) of Common Stock, par value $0.0001 per share, of Leap Wireless International, Inc., a
Delaware corporation (the “Company”).

	 	 	 
	1.

	 	The name, address and taxpayer identification number of the undersigned taxpayer are:
	 

	 	
                                        

                                        

	 

	 	SSN:

	 

	 	The name, address and taxpayer identification number of the Taxpayer’s spouse are (complete
if applicable):
	 

	 	
                                        
 

                                        

                                        

	 

	 	SSN:

	2.

	 	Description of the property with respect to which the election is being made:
	 

	 	                    (                    ) shares of Common Stock, par value $0.0001 per share, of the
Company.
	 

	 	 
	3.

	 	The date on which the property was
transferred was
                    .
The taxable year to which this election relates is calendar year 200     .
	 

	 	 
	4.

	 	Nature of restrictions to which the property is subject:
	 

	 	The Shares are subject to repurchase at their original purchase price if unvested as of the
date of termination of employment, directorship or consultancy with the Company.
	 

	 	 
	5.

	 	The fair market value at the time of transfer (determined without regard to any lapse
restrictions, as defined in Treasury Regulation Section 1.83-3(a)) of the Shares was
$                    per Share.
	 

	 	 
	6.

	 	The amount paid by the taxpayer for
Shares was
                     per share.
	 

	 	 
	7.

	 	A copy of this statement has been furnished to the Company.

	 	 	 
	Dated:
                    ,
200     

	 	Taxpayer Signature
                 
                 
                 
         

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The undersigned spouse of Taxpayer joins in this election. (Complete if applicable).

	 	 	 
	Dated:
                    ,
200     

	 	Spouse’s Signature
                                                            

Signature(s) Notarized by:

                                                                 

                                                                 

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ATTACHMENT 2 TO EXHIBIT F

SAMPLE
COVER LETTER TO INTERNAL REVENUE SERVICE

__________________, 200_

VIA CERTIFIED MAIL

RETURN RECEIPT REQUESTED

Internal Revenue Service

[Address where taxpayer files returns]

	 	 	 
	Re:

	 	Election under Section 83(b) of the Internal Revenue Code of 1986
	 

	 	Taxpayer:
                    
                    
                    
                    
                    
	 

	 	Taxpayer’s Social Security
Number:                     
                    
                    
	 

	 	Taxpayer’s Spouse:                     
                    
                    
                    
	 

	 	Taxpayer’s Spouse’s
Social Security Number:                     
                    

Ladies and Gentlemen:

     Enclosed please find an original and one copy of an Election under Section 83(b) of the
Internal Revenue Code of 1986, as amended, being made by the taxpayer referenced above. Please
acknowledge receipt of the enclosed materials by stamping the enclosed copy of the Election and
returning it to me in the self-addressed stamped envelope provided herewith.

	 	 	 
	 

	 	Very truly yours,
	 	 	 
	 	 	 

Enclosures

cc: Leap Wireless International, Inc.

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EXHIBIT G

TO RESTRICTED STOCK AWARD GRANT NOTICE

FORM OF GENERAL RELEASE

     1. General Release of Claims. In consideration of certain rights to accelerated
vesting of shares of common stock of Leap Wireless International, Inc. (the “Company”) granted to
the undersigned (“Holder”) pursuant to the Leap Wireless International, Inc. 2004 Stock Option,
Restricted Stock and Deferred Stock Unit Plan (the “Plan”), Holder does hereby for himself or
herself and his or her spouse, beneficiaries, heirs, successors and assigns, release, acquit and
forever discharge the Company and Cricket Communications, Inc. (collectively, the “Companies”) and
their respective stockholders, officers, directors, managers, employees, representatives, related
entities, successors and assigns, and all persons acting by, through or in concert with them
(collectively, the “Releasees”) of and from any and all claims, actions, charges, complaints,
causes of action, rights, demands, debts, damages, or accountings of whatever nature, except for
criminal activity, known or unknown, which Holder may have against the Releasees based on any
actions or events which occurred prior to the date of this General Release, including, but not
limited to, those related to, or arising from, Holder’s employment with the Companies, or the
termination thereof, any claims under Title VII of the Civil Rights Act of 1964, the Federal Age
Discrimination and Employment Act and the California Fair Employment and Housing Act (collectively,
“Claims”). This General Release shall not, however, constitute a waiver of any of Holder’s vested
rights under any outstanding award granted to Holder pursuant to the Plan or under the terms of any
employee benefit plan of the Companies in which Holder is a participant.

     2. Release of Unknown Claims. In addition, Holder expressly waives all rights under
Section 1542 of the Civil Code of the State of California, which reads as follows:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH A CREDITOR DOES NOT KNOW OR SUSPECT TO
EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER
MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.

     3. Older Worker’s Benefit Protection Act. Holder agrees and expressly acknowledges
that this General Release includes a waiver and release of all claims which Holder has or may have
under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et
seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and
release of the ADEA claims under this General Release:

     a. That this General Release is written in a manner calculated to be understood by Holder.

     b. The waiver and release of claims under the ADEA contained in this General Release do not
cover rights or claims that may arise after the date on which Holder signs this General Release.

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     c. The rights to accelerated vesting of shares of the Company’s common stock provide for
consideration in addition to anything of value to which Holder is already entitled.

     d. Holder is advised to consult an attorney before signing this General Release.

     e. Holder is afforded twenty-one (21) days (or, in the event that the Holder is terminated in
connection with an exit incentive or other employment termination program, forty-five (45) days)
after Holder is provided with this General Release to decide whether or not to sign this General
Release. If Holder executes this General Release prior to the expiration of such period, Holder
does so voluntarily and after having had the opportunity to consult with an attorney.

     f. In the event that any termination of Holder’s employment is in connection with an exit
incentive or other employment termination program, Holder is provided with written information,
calculated to be understood by the average individual eligible to participate, as to:

     (i) any class, unit, or group of individuals covered by such program, any eligibility
factors for such program, and any time limits applicable to such programs; and

     (ii) the job titles and ages of all individuals eligible or selected for the program,
and the ages of all individuals in the same job classification or organizational unit who
are not eligible or not selected for the program.

     g. Holder will have the right to revoke this General Release within seven (7) days of signing
this General Release. In the event this General Release is revoked, this General Release will be
null and void in its entirety, and Holder will not receive the benefits described in Paragraph 1
above.

     h. If Holder wishes to revoke the General Release, Holder shall deliver written notice stating
his or her intent to revoke this General Release to the Company’s Corporate Secretary on or before
the seventh (7th) day after the date hereof.

     4. No Assignment of Claims. Holder represents and warrants to the Releasees that
there has been no assignment or other transfer of any interest in any Claim which Holder may have
against the Releasees, or any of them, and Holder agrees to indemnify and hold the Releasees
harmless from any liability, claims, demands, damages, costs, expenses and attorneys’ fees incurred
as a result of any person asserting any such assignment or transfer of any rights or Claims under
any such assignment or transfer from such party.

     5. No Suits or Actions. Holder agrees that if he or she hereafter commences, joins
in, or in any manner seeks relief through any suit arising out of, based upon, or relating to any
of the Claims released hereunder, or in any manner asserts against the Releasees any of the Claims
released hereunder, then he or she will pay to the Releasees against whom such suit or Claim is
asserted, in addition to any other damages caused thereby, all attorneys’ fees incurred by such
Releasees in defending or otherwise responding to said suit or Claim.

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     6. No Admission. Holder further understands and agrees that neither the payment of
money nor the execution of this Release shall constitute or be construed as an admission of any
liability whatsoever by the Releasees.

	 	 	 	 	 
	 	HOLDER

                                                                               
                        

Date:                                                                                                    

 	 
	 	 	 
	 	 	 
	 	 	 
	 

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