Document:

EXHIBIT 10.8.3

EXHIBIT 10.8.3

EMPLOYMENT TRANSITION AGREEMENT
This Employment Transition Agreement (this “Agreement”) is entered into among Jeffrey E. Nachbor (“Executive”), Leap Wireless International, Inc. (“Leap”) and Cricket Communications, Inc. (“Cricket,” and together with Leap, the “Company”), effective as of January 1, 2013  (the “Effective Date”).
WHEREAS, Executive's employment with the Company will be terminating;
WHEREAS, the Company desires to retain Executive to provide certain continuing employment and consulting services to the Company and wishes to provide Executive with certain compensation and benefits in return for Executive's services; and
WHEREAS, Executive wishes to provide services to the Company in return for certain compensation and benefits. 
NOW, THEREFORE, in consideration of the mutual promises herein contained, the parties agree as follows:
1.    Term of Employment/Consulting Services.
(a)    Employment Period.  During the period (i) commencing on the Effective Date and (ii) ending on January 14, 2013 (the “Employment Termination Date” and such period, the “Employment Period”), Executive will continue to be employed by the Company.  The parties acknowledge that the Employment Termination Date will constitute Executive's “separation from service” with the Company as such term is defined in Treasury Regulation Section 1.409A-1(h) and any successor provision thereto and the scope of the consulting services to be provided pursuant to this Agreement shall be limited to the extent necessary to establish that such a separation from service has occurred.
(b)    Consulting Period.  During the period (i) commencing on January 15, 2013 and (ii) ending on the earlier of (A) January 15, 2014, (B) such time as Executive begins full-time employment with another company, (C) five (5) business days after the Executive provides written notice of termination of this Agreement to the Company for any reason or (D) five (5) business days after the Company provides written notice of termination of this Agreement to Executive for “Cause” (as hereinafter defined) (the “Consulting Period, and together with the Employment Period, the “Transition Period”), Executive shall provide consulting services to Cricket as contemplated by this Agreement.
2.    Duties and Services.
(a)    Duties During Employment Period.  During the Employment Period, Executive shall serve as the Company's Senior Vice President, Finance, reporting directly to the Chief Executive Officer of Cricket, and he shall devote substantially all of his business time and effort to such duties as may be assigned to him from time to time by the Chief Executive Officer.
(b)    Scope of Services During Consulting Period.
(i)    During the Consulting Period, Executive shall devote such percentage of his business time and effort to the performance of his services hereunder as shall be reasonably requested or directed from time to time by the Chief Executive Officer and shall provide such additional information, advice and assistance concerning matters that are within the scope of Executive's knowledge and expertise.
(ii)    In order to avoid any actual or perceived conflict of interest during the Consulting Period, Executive agrees that he will not, directly or indirectly, own, manage, operate, join, control, or participate in the ownership, management, operation, or control of, or be involved as an officer, director, employee, consultant, independent contractor, limited or general partner, member, shareholder, joint venturer, advisor, or otherwise (the “Specified Activities”) of any profit or nonprofit business or organization which, to the knowledge of Executive (A) provides goods or services within the field of wireless telecommunications, or (B) holds or proposes to hold or invest in debt or equity securities of the Company or that offers investment, strategic, proxy or other advisory services to any such holder or proposed holder or investor in debt or equity securities of the Company; provided, that nothing in this Section 2(b) shall be construed to prohibit Executive from owning not in excess of 2% of the outstanding equity securities of any publicly-traded entity.  In the event that Executive desires to pursue any of the Specified Activities with respect to any business or organization described in subsections (A) or (B) above, Executive shall provide advance written notice to the Chief Executive Officer regarding the proposed nature and scope of such services or activities and may request a waiver from the provisions of this Section 2(b)(ii), which such request will be considered by the Chief Executive Officer in his sole and absolute discretion.  In the event that Executive desires to pursue any of the Specified Activities with 

respect to any business or organization other than as described in subsections (A) or (B) above, Executive shall provide advance written notice to the Chief Executive Officer regarding the proposed nature and scope of such services or activities.
3.    Compensation.
(a)    Employment Period.  During and in connection with the Employment Period, Executive shall be entitled to the following compensation and benefits:
(i)    Base Salary and Related Payment.  From the Effective Date through January 14, 2013, Cricket shall pay to Executive his base salary at the rate in effect on the Effective Date, which amount shall be paid less applicable taxes and withholding and be paid in accordance with Cricket's standard payroll practices.  In addition, Cricket shall pay to Executive an additional cash amount equal to the base salary payable to Executive for 60 days of service at the rate in effect on the Effective Date, which amount shall be paid less applicable taxes and withholding and be paid in accordance with Cricket's standard payroll practices.
(ii)    Bonus Payments.  Subject to Executive's prior execution and non-revocation of the First Release (as hereinafter defined), Executive shall receive the following promptly following the date on which the First Release becomes effective (and the passage of the applicable revocation period):
A.    A lump sum cash payment equal to Four Hundred Eighty Thousand Dollars ($480,000) (less applicable taxes and withholding); and
B.    An additional lump sum cash payment equal to One Hundred Thousand Dollars ($100,000) (less applicable taxes and withholding), representing the final cash amount to which Executive is entitled pursuant to that certain retention letter agreement between Executive and the Company, dated February 3, 2012.
Executive acknowledges and agrees that he shall not be eligible to be considered for, nor will he receive, any additional cash bonus or retention payments relating to his employment (including, without limitation, any cash bonus award in recognition of Cricket's financial and operational performance in 2012 and Executive's individual contributions to Cricket during such period).
(iii)    During the Employment Period, Executive shall be eligible to continue to participate in Cricket's employee benefit plans and programs maintained or established by Cricket (including, but not limited to, group medical, dental, and vision benefits, life and disability insurance benefits, long term care insurance, and other programs) to the same extent as other executive officers of Cricket, subject to the generally applicable terms and conditions of the plan or program in question.
(b)    Consulting Period.  During the Consulting Period, Executive shall be entitled to the following compensation and benefits:
(i)    Until the Consulting Period is terminated pursuant to Section 1(b), Cricket shall pay Executive a monthly consulting fee in the amount of Five Thousand Dollars ($5,000) (less applicable taxes and withholding) (“Consulting Fees”); provided, however, that the aggregate Consulting Fees paid to Executive during the Consulting Period pursuant to this Section 3(b)(i) shall not exceed Sixty Thousand Dollars ($60,000).
(ii)    Cricket shall reimburse Executive for reasonable out-of-pocket business expenses incurred in connection with the performance of his consulting services, subject to (A) the requirements and limits set forth in Cricket's travel and other reimbursement policies and (B) Executive furnishing Cricket with evidence in the form of receipts satisfactory to Cricket substantiating the claimed expenditures.
(c)    Vesting and Exercisability of Stock Awards.
(i)    During the Transition Period, Executive shall continue to vest in restricted stock awards for an aggregate of Thirty-Two Thousand Two Hundred Forty (32,240) shares of Leap common stock (consisting of restricted stock awards granted to Executive on (A) May 12, 2008, under which Seventeen Thousand Two Hundred Forty (17,240) shares of Leap common stock remain unvested (the “May 2008 Restricted Stock Award”); and (B) March 15, 2010, under which Fifteen Thousand (15,000) shares remain unvested (the “March 2010 Restricted Stock Award”) (collectively, the “Stock Awards”)), all of which were previously granted to him (and not yet vested) pursuant to the Leap Wireless International, Inc. 2004 Stock Option, Restricted Stock and Deferred Stock Unit Plan (the “Stock Plan”) in accordance with the individual award agreements relating to such Stock Awards.  Upon either (i) the termination of the Employment Period (without a subsequent Consulting Period hereunder), or (ii) subject to Section 3(c)(ii), the termination of the Consulting Period, Executive shall immediately cease vesting in any unvested portions of the Stock Awards.  Notwithstanding the foregoing, the parties agree that any and all other equity and non-equity incentive or bonus awards previously granted to Executive pursuant to the Stock Plan or otherwise (including, without 

limitation, all outstanding options to purchase shares of Leap common stock, other restricted stock awards, performance share units for shares of Leap common stock and performance-based cash incentive awards) shall be immediately terminated and cancelled on the Effective Date without any further action by the parties hereto.
(ii)    In the event of the occurrence of a Change in Control (as such term is defined in the Stock Plan), if the Consulting Period terminates pursuant to Section 1(b) for reasons other than the Company's termination of the Consulting Period for Cause during the period commencing ninety (90) days prior to such Change of Control and ending twelve months after such Change in Control, then all of Executive's unvested Stock Awards (including, for the avoidance of doubt, any such Stock Awards as to which vesting otherwise would have been deemed to have ceased pursuant to Section 3(c)(i) upon termination of the Consulting Period) shall vest and be exercisable on the date of the termination of the Consulting Period (or, if later, immediately prior to the date of the occurrence of such Change in Control) in accordance with the terms of the award agreements pursuant to which they were granted.  The term “Cause” shall mean termination of the Consulting Period by the Company (A) upon Executive's commission of an act of fraud or dishonesty having a material adverse effect on the Company, (B) upon Executive's willful engagement in illegal conduct or gross misconduct having a material adverse effect on the Company, (C) upon Executive's being convicted of, or pleading nolo contendere to, the commission of a felony or (D) as a result of Executive's material breach of any of his obligations under this Agreement.  The provisions of this Section 3(c)(ii) shall be deemed to amend the applicable provisions of Executive's Stock Awards.
(d)    Other Benefits.
(i)    Cricket shall provide Executive with outplacement services pursuant to the Company's standard outplacement program for senior vice presidents.  To the extent the provision of the benefit set forth herein results in taxable income to Executive, the Company will gross-up the value of such benefits to cover applicable income taxes due by Executive.
(ii)    The Company will facilitate Executive's relocation from San Diego, California to Kansas City, Missouri pursuant to the Company's standard relocation program for senior vice presidents.  To the extent the provision of the benefit set forth herein results in taxable income to Executive, the Company will gross-up the value of such benefits to cover applicable income taxes due by Executive. 
4.    Termination of Employment or Consultancy.
(a)    Termination of Employment.
(i)    Upon termination of the Employment Period pursuant to Section 1(a), Executive shall be entitled to the following:
A.    Cricket shall issue Executive his final paycheck, reflecting his fully earned but unpaid base salary, when due, through the Employment Termination Date, plus all accrued but unused vacation and other amounts or benefits to which Executive is entitled under any compensation or benefit plan of Cricket at the time of termination in accordance with the terms of such plans.
B.    To the extent that Executive elects continuation health care coverage for Executive and his eligible dependents under Section 4980B(f) of the Internal Revenue Code of 1986, as amended from time to time (the “Code”) and Sections 601-608 of the Employee Retirement Income Security Act of 1974, as amended (“COBRA Coverage”), Executive shall not be required to pay premiums for such COBRA Coverage for such period of time beginning on the Employment Termination Date and ending on January 15, 2014; provided, however, that the payment of such premiums by Cricket shall cease at such time as Executive is eligible for comparable coverage with a subsequent employer.
(b)    Termination of Consulting Period.  In the event that the Consulting Period commences on or after January 15, 2013 and is thereafter terminated for any reason before January 15, 2014, subject to Executive's execution and non-revocation of the Second Release (as hereinafter defined), Executive shall be entitled to a lump sum cash payment equal to (I) Sixty Thousand Dollars ($60,000) less (II) the aggregate amount of any Consulting Fees previously paid to Executive (less applicable taxes and withholding), payable promptly following the date on which the Second Release becomes effective (and the passage of the applicable revocation period).
(c)    Return of the Company's Property.  Upon termination of the Employment Period or Consulting Period, Executive shall, at the request of the Company, promptly surrender to the Company or may (with the Company's consent) destroy all lists, books and records of, or in connection with, the Company's business, and all other property belonging to the Company, it being distinctly understood that all such lists, books and records, and other documents, are the property of the Company, other than 

any such property that the Company determines is necessary for Executive's provision of consulting services pursuant to this Agreement.  At the request of the Company, Executive shall deliver to the Company a signed statement certifying material compliance with this Section 4(c) prior to the receipt of any post-termination benefits described in this Agreement.
5.    Releases.
(a)    As a condition to Executive's receipt of the lump sum cash payments pursuant to Section 3(a)(ii) of this Agreement, Executive agrees to execute a general release of all claims in favor of the Company (the “First Release”) in substantially the form attached hereto as Exhibit A simultaneously with his execution of this Agreement and to not revoke such release.  In the event that Executive fails to execute and deliver the First Release to the Company simultaneously with his execution of this Agreement, or revokes such release, this Agreement shall terminate and Executive shall not entitled to any further compensation or benefits hereunder.
(b)    As a condition to Executive's receipt of any lump sum payment pursuant to Section 4(b)(i), not later than thirty (30) days after the date of the termination of the Consulting Period, Executive agrees to execute and not revoke a general release of all claims in favor of the Company (the “Second Release”) in substantially the form attached hereto as Exhibit B.  In the event that Executive fails to execute and deliver to the Company, or revokes, the Second Release within thirty (30) days after the date of such termination, Executive shall not be entitled to any payment pursuant to Section 4(b)(i) above.
6.    Confidentiality and Proprietary Rights.  In consideration of the provisions of Sections 3 and 4 of this Agreement, and in order to protect the goodwill of the Companies, Executive hereby agrees to the following covenants:
(a)    Confidentiality.  For the period of three (3) years commencing on the termination of the Transition Period, Executive shall not, directly or indirectly, disclose or make available to any person, firm, corporation, association or other entity for any reason or purpose whatsoever, any Confidential Information (as defined below).  Executive agrees that, upon termination of Executive's employment with Cricket, all Confidential Information in Executive's possession that is in writing or other tangible form (together with all copies or duplicates thereof, including computer files) shall be returned to Cricket and shall not be retained by Executive or furnished to any third party, in any form except as provided herein or as required for Executive's provision of consulting services hereunder; provided, however, that Executive shall not be obligated to treat as confidential, or return to Cricket copies of any Confidential Information that (i) was publicly known at the time of disclosure to Executive, (ii) becomes publicly known or available thereafter other than by any means in violation of this Agreement or any other duty owed to the Company or any of their respective affiliates by any person or entity, or (iii) is lawfully disclosed to Executive by a third party.  As used in this Agreement, the term “Confidential Information” means:  information disclosed to Executive or known by Executive as a consequence of or through Executive's relationship with Cricket, about the customers, employees, business methods, technical operations, public relations methods, organization, procedures or finances, including, without limitation, information of or relating to customer lists, of the Company and their respective affiliates.
(b)    Non-Solicitation.  For the period of three (3) years commencing on the termination of the Transition Period, Executive shall not, either on Executive's own account or jointly with or as a manager, agent, officer, employee, consultant, partner, joint venture, owner or shareholder or otherwise on behalf of any other person, firm or corporation, directly or indirectly solicit or attempt to solicit away from the Company or any of their respective affiliates, any of their officers or employees or offer employment to any person who, on or during the six (6) months immediately preceding the date of such solicitation or offer, is or was an officer or employee of the Company or any of their respective affiliates; provided, however, that a general advertisement to which an employee of the Company or any of their respective affiliates, responds shall in no event be deemed to result in a breach of this Section 6(b).
(c)    Effect of Breach.  In the event that Executive breaches any of the provisions of this Section 6, or threatens to do so, in addition to and without limiting or waiving any other remedies available to the Company in law or in equity, the Company shall be entitled to immediate injunctive relief in any court having the capacity to grant such relief, to restrain such breach or threatened breach and to enforce this Section 6.  Executive acknowledges that it is impossible to measure in money the damages that the Company will sustain in the event that Executive breaches or threatens to breach this Section 6 and, in the event that the Company institutes any action or proceeding to enforce this Section 6 seeking injunctive relief, Executive hereby waives and agrees not to assert or use as a defense a claim or defense that the Company has an adequate remedy at law.  Also, in addition to any other remedies available to the Company in law or in equity, in the event that Executive breaches the provisions of this Section 6 in any material respect, Executive shall forfeit Executive's right to further benefits under this Agreement and Executive shall be obligated to repay to Cricket the benefits that Executive has received hereunder (including, without limitation, the value of any Stock Awards in which he has vested hereunder).  If a court or arbitrator shall hold that the duration, scope or area restriction or other provision of this Section 6 is unreasonable under the circumstances now or then existing, the parties hereto agree that the maximum duration, scope or area restriction reasonable under the circumstances shall be substituted for the stated duration, scope or area restriction.

7.    Mutual Nondisparagement.  Executive and the Company agree that neither shall make disparaging, demeaning or negative remarks about the other to any third party.  Nothing in this provision shall be construed as preventing any party from testifying truthfully under oath in a deposition or other legal proceeding.  For purposes of this Section 7, internal communications to and among current management employees of the Company are not considered communications to third parties.  Any inquiries regarding Executive from prospective employers shall be forwarded to the Chief Executive Officer, who shall provide a reference regarding Executive's employment with Cricket.
8.    Cooperation with the Company.  Executive agrees to cooperate fully with the Company and its counsel with respect to any reasonable request from the Company for assistance with respect to any matter (including litigation, investigation, government proceedings and general claims) which relates to matters with which Executive was involved during the term of employment or service with the Company, subject to reimbursement of reasonable out-of-pocket travel costs and expenses.  Such cooperation may include appearing from time to time at the offices of the Company or the Company's counsel, or telephonically, for conferences and interviews and providing testimony in depositions, court proceedings and administrative hearings as necessary for the Company to defend claims, and in general providing the Company and its counsel with the full benefit of Executive's knowledge with respect to any such matter.  Executive agrees to render such cooperation in a timely fashion and at such times as may be mutually agreeable to the parties concerned.
9.    Agreement to Arbitrate.  Except as set forth in Section 6(c), any dispute, claim or controversy based on, arising out of or relating to Executive's employment or this Agreement shall be settled by final and binding arbitration in San Diego, California, before a single neutral arbitrator in accordance with the National Rules for the Resolution of Employment Disputes (the “Rules”) of the American Arbitration Association (“AAA”), and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction.  Arbitration may be compelled pursuant to the California Arbitration Act (Code of Civil Procedure §§ 1280 et seq.).  If the parties are unable to agree upon an arbitrator, one shall be appointed by the AAA in accordance with its Rules.  Each party shall pay the fees of its own attorneys, the expenses of its witnesses and all other expenses connected with presenting its case; provided that Cricket shall pay to Executive all reasonable arbitration expenses and legal fees incurred by Executive if Executive prevails in enforcing or obtaining his rights or benefits provided by this Agreement.  Such payments shall be made within five (5) days after Executive's request for payment accompanied with evidence of fees and expenses incurred as Cricket may reasonably request.  Other costs of the arbitration, including the cost of any record or transcripts of the arbitration, AAA's administrative fees, the fee of the arbitrator, and all other fees and costs, shall be borne by the Company.  Except as set forth in Section 6(c), this Section 9 is intended to be the exclusive method for resolving any and all claims by the parties against each other for payment of damages under this Agreement or relating to Executive's employment; provided, however, that neither this Agreement nor the submission to arbitration shall limit the parties' right to seek provisional relief, including without limitation injunctive relief, in any court of competent jurisdiction pursuant to California Code of Civil Procedure § 1281.8 or any similar statute of an applicable jurisdiction.  Seeking any such relief shall not be deemed to be a waiver of such party's right to compel arbitration.  Both Executive and the Company expressly waive their right to a jury trial.
10.    General Provisions.
(a)    Successors and Assigns.  The rights of the Company under this Agreement will inure to its successors and assigns.  Executive shall not be entitled to assign any of Executive's rights or obligations under this Agreement.  This Agreement shall inure to the benefit of and be enforceable by Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees and, in the event of Executive's death during the Consulting Period, the payments and benefits contemplated by Sections 3 and 4 shall be paid to or made available to Executive's estate or designated beneficiary.  
(b)    Severability.  In the event any provision of this Agreement is found to be unenforceable by an arbitrator or court of competent jurisdiction, such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being intended that the parties shall receive the benefit contemplated herein to the fullest extent permitted by law.  If a deemed modification is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability of the remaining provisions shall not be affected thereby. 
(c)    Interpretation; Construction.  The headings set forth in this Agreement are for convenience only and shall not be used in interpreting this Agreement.  This Agreement has been drafted by legal counsel representing the Company, but Executive has participated in the negotiation of its terms.  Furthermore, Executive acknowledges that Executive has had an opportunity to review and revise the Agreement and have it reviewed by legal counsel, if desired, and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement.  Either party's failure to enforce any provision of this Agreement shall not in any way be construed as a waiver of any such provision, or prevent that party thereafter from enforcing each and every other provision of this Agreement.

(d)    Governing Law and Venue.  This Agreement will be governed by and construed in accordance with the laws of the United States and the State of California applicable to contracts made and to be performed wholly within such State, and without regard to the conflicts of laws principles thereof.  Except as set forth in Section 9, any suit brought hereon shall be brought in the state or federal courts sitting in San Diego, California, the parties hereby waiving any claim or defense that such forum is not convenient or proper.  Each party hereby agrees that any such court shall have in personam jurisdiction over it and consents to service of process in any manner authorized by California law.
(e)    Notices.  For the purpose of this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by United States certified or registered mail, return receipt requested, postage prepaid, addressed to the last known mailing address of the respective party, provided that all notices to Cricket shall be directed to the attention of the Board of Directors of Cricket with a copy to the Secretary of Cricket, and all notices to Leap shall be directed to the attention of the Board of Directors of Leap with a copy to the Secretary of Leap, or to such other address as any party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt.
(f)    Survival.  Sections 4 (“Termination of Employment or Consultancy”), 6 (“Confidentiality and Proprietary Rights”), 7 (“Mutual Nondisparagement”), 8 (“Cooperation with the Company”), 9 (“Agreement to Arbitrate”) and 10 (“General Provisions”) of this Agreement shall survive termination of this Agreement.
(g)    Entire Agreement.  This Agreement constitutes the entire agreement between the parties in respect of the termination of Executive's employment with the Company and the other subject matter contained herein and supersedes all prior or simultaneous representations, discussions, negotiations, and agreements, whether written or oral, between the Company and Executive with respect thereto.  By entering into this Agreement, the parties agree that that certain Severance Benefits Agreement by and among Executive, Leap and Cricket dated April 21, 2008 shall be terminated in its entirety in connection herewith.  This Agreement may be amended or modified only with the written consent of Executive and an authorized representative of the Company.  No oral waiver, amendment or modification will be effective under any circumstances whatsoever.
(h)    Code Section 409A.  
(i)    Notwithstanding anything contained in this Agreement to the contrary, to the maximum extent permitted by applicable law, amounts payable to Executive pursuant to this Agreement shall be made in reliance upon Treas. Reg. Section 1.409A-1(b)(9) (“Separation Pay Plans”) or Treas. Reg. Section 1.409A-1(b)(4) (“Short-Term Deferrals”).  However, to the extent any such payments are treated as non-qualified deferred compensation subject to Section 409A of  the Code, then if Executive is deemed at the time of his Separation from Service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, then to the extent delayed commencement of any portion of the benefits to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Executive's termination benefits shall not be provided to Executive prior to the earlier of (A) the expiration of the six-month period measured from the date of Executive's Separation from Service or (B) the date of Executive's death.  Upon the earlier of such dates, all payments deferred pursuant to this Section 10(h)(i) shall be paid in a lump sum to Executive.  The determination of whether Executive is a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code as of the time of his Separation from Service shall made by the Company in accordance with the terms of Section 409A of the Code and applicable guidance thereunder (including without limitation Treas. Reg. Section 1.409A-1(i) and any successor provision thereto).
(ii)    Notwithstanding anything to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement during any tax year of Executive shall not affect in-kind benefits or reimbursements to be provided in any other tax year of Executive and are not subject to liquidation or exchange for another benefit.  Notwithstanding anything to the contrary in this Agreement, reimbursement requests must be timely submitted by Executive and, if timely submitted, reimbursement payments shall be made to Executive as soon as administratively practicable following such submission, but in no event later than the last day of Executive's taxable year following the taxable year in which the expense was incurred.  In no event shall Executive be entitled to any reimbursement payments after the last day of Executive's taxable year following the taxable year in which the expense was incurred.  This Section shall only apply to in-kind benefits and reimbursements that would result in taxable compensation income to Executive.
(iii)    This Agreement is intended to be written, administered, interpreted and construed in a manner such that no payment or benefits provided under the Agreement become subject to (A) the gross income inclusion set forth within Code Section 409A(a)(1)(A) or (B) the interest and additional tax set forth within Code Section 409A(a)(1)(B) (together, referred to herein as the “Section 409A Penalties”), including, where appropriate, the construction of defined terms to have meanings that would not cause the imposition of Section 409A Penalties.  For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), each payment that Executive may be eligible to receive under this Agreement shall be treated as a separate and distinct payment.

(iv)    If the Company and Executive determine that any compensation or benefits payable under this Agreement may be or become subject to Code Section 409A and related Department of Treasury guidance, the Company and Executive agree to amend this Agreement or adopt other policies or procedures (including amendments, policies and procedures with retroactive effect), or take such other actions as the Company and Executive deem necessary or appropriate to (A) exempt the compensation and benefits payable under this Agreement from Code Section 409A and/or preserve the intended tax treatment of the compensation and benefits provided with respect to this Agreement, or (B) comply with the requirements of Code Section 409A and related Department of Treasury guidance.
(i)    Counterparts.  This Agreement may be executed in multiple counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 
(j)    Taxes.  All compensation payable to Executive hereunder shall be subject to applicable tax withholding.
(k)    RIGHT TO ADVICE OF COUNSEL.  EXECUTIVE ACKNOWLEDGES THAT HE HAS THE RIGHT, AND IS ENCOURAGED, TO CONSULT WITH HIS LAWYER; BY HIS SIGNATURE BELOW, EXECUTIVE ACKNOWLEDGES THAT HE UNDERSTANDS THIS RIGHT AND HAS EITHER CONSULTED WITH A LAWYER OR DETERMINED NOT TO DO SO.

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THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW.

CRICKET COMMUNICATIONS, INC.
Dated:     January 14, 2013                        By:  /s/ Robert J. Irving, Jr.            
Name:    Robert J. Irving, Jr.
Title:     Senior Vice President, General Counsel and Chief Administrative Officer

LEAP WIRELESS INTERNATIONAL, INC.
Dated: January 14, 2013                        By:  /s/ Robert J. Irving, Jr.            
Name:    Robert J. Irving, Jr.
Title:     Senior Vice President, General Counsel and Chief Administrative Officer

EXECUTIVE
Dated:     January 14, 2013                        /s/ Jeffrey E. Nachbor                
Jeffrey E. Nachbor
Address:    ___________________________
___________________________

 

EXHIBIT A
FIRST RELEASE
1.    General Release of Claims.  In consideration of the benefits under the Employment Transition Agreement (the “Agreement”), effective as of January 1, 2013, by and among Leap Wireless International, Inc. (“Leap”), Cricket Communications, Inc. (“Cricket”) (collectively, the “Companies”) and Jeffrey E. Nachbor (“Executive”), Executive does hereby for himself or herself and his or her spouse, beneficiaries, heirs, successors and assigns, release, acquit and forever discharge 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 (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 Executive 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, Executive's employment with the Companies, or his resignation therefrom, 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, but excluding claims under the Agreement (collectively, “Claims”).  This General Release shall not, however, constitute a waiver of any of Executive's rights (a) to receive benefits to which he is entitled pursuant to Sections 3 or 4 of the Agreement, (b) to indemnification under the Company's certificate of incorporation or bylaws, under general corporate law or as an insured under any directors and officers liability insurance policy of the Company or (c) to pursue claims for or under any unemployment compensation, state disability insurance benefits pursuant to the terms of applicable state law or worker's compensation insurance policy or fund of the Company.
2.    Release of Unknown Claims.  In addition, Executive 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.  Executive agrees and expressly acknowledges that this General Release includes a waiver and release of all claims which Executive 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 the Agreement and this General Release are written in a manner calculated to be understood by Executive.
(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 Executive signs this General Release.
(c)    The Agreement provides for consideration in addition to anything of value to which Executive is already entitled.
(d)    Executive is advised to consult an attorney before signing this General Release.
(e)    Executive is afforded twenty-one (21) days after Executive is provided with this General Release to decide whether or not to sign this General Release.  If Executive executes this General Release prior to the expiration of such period, Executive does so voluntarily and after having had the opportunity to consult with an attorney.
(f)    Executive 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 Executive will not receive the benefits described in the Agreement.
(g)    If Executive wishes to revoke the General Release, Executive shall deliver written notice stating his or her intent to revoke this General Release to Cricket's Chief Executive Officer or Senior Vice President and General Counsel on or before the seventh (7th) day after the date hereof.
4.    No Assignment of Claims.  Executive represents and warrants to the Releasees that there has been no assignment or other transfer of any interest in any Claim which Executive may have against the Releasees, or any of them, and Executive 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.  Executive agrees that if he 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 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.
6.    No Admission.  Executive 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.
            
EXECUTIVE

_____________________________________
Jeffrey E. Nachbor
Date:_________________________________
 

EXHIBIT B
SECOND RELEASE
1.    General Release of Claims.  In consideration of the benefits under Section 4(b)(i) of the Employment Transition Agreement (the “Agreement”), effective as of January 1, 2013, by and among Leap Wireless International, Inc. (“Leap”), Cricket Communications, Inc. (“Cricket”) (collectively, the “Companies”) and Jeffrey E. Nachbor (“Executive”), Executive does hereby for himself or herself and his or her spouse, beneficiaries, heirs, successors and assigns, release, acquit and forever discharge 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 (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 Executive 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, Executive's employment with the Companies, or his resignation therefrom, 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, but excluding claims under the Agreement (collectively, “Claims”).  This General Release shall not, however, constitute a waiver of any of Executive's rights (a) to receive benefits to which he is entitled pursuant to Section 4 of the Agreement, (b) to indemnification under the Company's certificate of incorporation or bylaws, under general corporate law or as an insured under any directors and officers liability insurance policy of the Company or (c) to pursue claims for or under any unemployment compensation, state disability insurance benefits pursuant to the terms of applicable state law or worker's compensation insurance policy or fund of the Company.
2.    Release of Unknown Claims.  In addition, Executive 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.  Executive agrees and expressly acknowledges that this General Release includes a waiver and release of all claims which Executive 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 the Agreement and this General Release are written in a manner calculated to be understood by Executive.
(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 Executive signs this General Release.
(c)    The Agreement provides for consideration in addition to anything of value to which Executive is already entitled.
(d)    Executive is advised to consult an attorney before signing this General Release.
(e)    Executive is afforded twenty-one (21) days after Executive is provided with this General Release to decide whether or not to sign this General Release.  If Executive executes this General Release prior to the expiration of such period, Executive does so voluntarily and after having had the opportunity to consult with an attorney.
(f)    Executive 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 Executive will not receive the benefits described in Section 4(b)(i)of the Agreement.
(g)    If Executive wishes to revoke the General Release, Executive shall deliver written notice stating his or her intent to revoke this General Release to Cricket's Chief Executive Officer or Senior Vice President and General Counsel on or before the seventh (7th) day after the date hereof.
4.    No Assignment of Claims.  Executive represents and warrants to the Releasees that there has been no assignment or other transfer of any interest in any Claim which Executive may have against the Releasees, or any of them, and Executive 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.  Executive agrees that if he 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 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.
6.    No Admission.  Executive 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.
EXECUTIVE

_____________________________________
Jeffrey E. Nachbor
Date:_________________________________EXHIBIT 10.16.24

EXHIBIT 10.16.24

LEAP WIRELESS INTERNATIONAL, INC.
2004 STOCK OPTION, RESTRICTED STOCK AND DEFERRED STOCK UNIT PLAN

LEAP WIRELESS INTERNATIONAL, INC. DEFERRED STOCK UNIT AWARD GRANT NOTICE AND DEFERRED STOCK UNIT AWARD AGREEMENT
Leap Wireless International, Inc., a Delaware corporation (the “Company”), pursuant to its 2004 Stock Option, Restricted Stock and Deferred Stock Unit Plan (the “Plan”), hereby grants to the individual listed below (“Holder”), an award of deferred stock units (“Units”) with respect to the number of shares of the Company's common stock (the “Shares”) indicated below, which Units shall be eligible for vesting based on Holder's continued service with the Company, as set forth on Exhibit B attached hereto.  The Units are Deferred Stock Units pursuant to the terms of the Plan.  This award of Units (this “Award”) is subject to all of the terms and conditions as set forth herein and in the Deferred Stock Unit Award Agreement attached hereto as Exhibit A (the “Agreement”) and the Plan, each of which are incorporated herein by reference.  Unless otherwise defined herein, the terms defined in the Plan or the Agreement shall have the same defined meanings in this Deferred Stock Unit Award Grant Notice (the “Grant Notice”) and the Agreement.
Holder:            ___________________________________
Grant No.:        ___________________________________
Grant Date:        ___________________________________
Number of Units:    ___________________________________
Distribution Schedule:    Subject to the terms of the Agreement, the Units shall be settled as they vest pursuant to the Vesting Schedule.
Vesting Schedule:    Subject to the terms of the Agreement, the Award shall vest on the dates and in the percentages set forth on Exhibit B attached hereto.    
By Holder's signature below, or by Holder's submitting his or her electronic acceptance of the Award subject to this Grant Notice using the website of the Company's designated brokerage firm, Holder agrees to be bound by the terms and conditions of the Plan, the Agreement and this Grant Notice.  Holder agrees to access copies of the Plan and the prospectus governing the Plan (the “Plan Documents”) on the Company's intranet or on the website of the Company's designated brokerage firm.  Paper copies are also available upon request to the Secretary of the Company at the Company's corporate offices.  
Holder has reviewed this Grant Notice, the Agreement and the Plan Documents in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Grant Notice or accepting the Award subject hereto and fully understands all provisions of this Grant Notice, the Agreement and the Plan.  Holder 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 Agreement.
HOLDER
By:            ___________________________________
Print Name:        ___________________________________
Address:        ___________________________________      

EXHIBIT A
TO DEFERRED STOCK UNIT AWARD GRANT NOTICE
DEFERRED STOCK UNIT AWARD AGREEMENT
Pursuant to the Grant Notice to which this Agreement is attached, the Company has granted to Holder the right to receive a number of Units set forth in the Grant Notice, subject to all of the terms and conditions set forth in this Agreement, the Grant Notice and the Plan.  The Award is subject to the terms and conditions of the Plan which are incorporated herein by reference.  In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan shall control.  Capitalized terms not specifically defined herein shall have the meanings specified in the Plan and the Grant Notice.
ARTICLE I.
AWARD OF DEFERRED STOCK UNITS
1.1    Award of Deferred Stock Units.  
(a)    Award.  Effective as of the Grant Date set forth in the Grant Notice (the “Grant Date”), and upon the terms and conditions set forth in the Plan and this Agreement, the Company irrevocably grants to Holder the right to receive a number of Units set forth in the Grant Notice, in consideration of Holder's employment with or service to the Company or its Subsidiaries on or before the Grant Date, for which the Administrator has determined Holder has not been fully compensated, and the Administrator has determined that the benefit received by the Company as a result of such employment or service has a value that exceeds the aggregate par value of the Shares issuable pursuant to the Units, which Shares, when and if issued in accordance with the terms hereof, shall be fully paid and nonassessable.  Prior to actual issuance of any Shares, the Units and the Award represent an unsecured obligation of the Company, payable only from the general assets of the Company.  
(b)    Vesting.  The Units subject to the Award shall vest in accordance with the Vesting Schedule set forth in the Grant Notice.  Unless and until the Units have vested in accordance with the Vesting Schedule set forth in the Grant Notice, Holder will have no right to any distribution with respect to such Units.  Except as set forth in Exhibit B to the Grant Notice, in the event of Holder's Termination of Employment prior to the vesting of all of the Units, any unvested Units will terminate automatically without any further action by the Company and be forfeited without further notice and at no cost to the Company.  
(c)    Distribution of Shares/Payment of Cash. 
(i)    Subject to the terms and conditions of the Plan, the Company shall, as soon as practicable after the applicable Vesting Date (as defined in Exhibit B hereto), either:
A.    deliver to Holder a number of Shares equal to the aggregate number of Units that became vested on the applicable Vesting Date;
B.    make a cash payment to Holder equal to the Fair Market Value of a Share on the applicable Vesting Date multiplied by the number of Units that became vested on such Vesting Date; or
C.    use any combination of (A) or (B) above, in the sole discretion of the Company.
To the extent that the Company is delivering Shares in settlement of outstanding Units, the Company shall only make distributions in the form of whole Shares (rounded down to the next whole share).
(ii)    Neither the time nor form of distribution of Shares or cash with respect to the Units may be changed, except as may be permitted by the Administrator in accordance with the Plan and Section 409A of the Code (together with any Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the Grant Date, “Section 409A”).

(d)    Generally. Shares issued pursuant to the Award, if any, shall be issued to Holder or Holder's beneficiaries, as the case may be, at the sole discretion of the Administrator, in either (i) uncertificated form, with the Shares recorded in the name of Holder in the books and records of the Company's transfer agent with appropriate notations regarding any restrictions on transfer imposed pursuant to this Agreement; or (ii) certificate form.
1.2    Tax Withholding.  Notwithstanding any other provision of this Agreement: 
(a)    The Company has the authority to deduct or withhold, or require Holder to remit to the Company, an amount sufficient to satisfy applicable federal, state, local and foreign taxes (including any FICA obligation) required by law to be withheld with respect to any taxable event arising from the vesting of the Units or Holder's receipt of the Shares and/or cash, as applicable, upon settlement of the Units.  The Company may permit, but shall not be obligated to allow, Holder to make such payment in one or more of the forms specified below: 
(i)     by cash or check made payable to the Company; 
(ii)     by the deduction of such amount from other compensation payable to Holder; 
(iii)     by requesting that the Company withhold a net number of vested Shares otherwise issuable (including through providing sale instructions to a brokerage firm in a manner consistent with Section 1.2(c) below) pursuant to the Units having a then-current Fair Market Value not exceeding the amount necessary to satisfy the withholding obligation of the Company and its Subsidiaries based on the minimum applicable statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes (the “Withholding Amount”);
(iv)     by requesting that the Company withhold an amount of cash, in the event that the Units are settled in cash, not exceeding the Withholding Amount;
(v)     by tendering a number of vested Shares (including through providing sale instructions to a brokerage firm in a manner consistent with Section 1.2(c) below) having a then-current Fair Market Value not exceeding the Withholding Amount; or 
(vi)     any combination of the foregoing. 
(b)     In the event Holder fails to provide timely payment of all sums required pursuant to Section 1.2(a), the Company shall have the right and option, but not the obligation, to treat such failure as an election by Holder to satisfy all or any portion of Holder's required payment obligation pursuant to Section 1.2(a)(ii), Section 1.2(a)(iii) or Section 1.2(a)(iv) above, or any combination of the foregoing as the Company may determine to be appropriate. The Company shall not be obligated to deliver any certificate representing Shares issuable with respect to the Units to Holder or his or her legal representative unless and until Holder or his or her legal representative shall have paid or otherwise satisfied in full the amount of all federal, state, local and foreign taxes applicable with respect to the taxable income of Holder resulting from the vesting of the Units, the distribution of the Shares issuable with respect thereto, or any other taxable event related to the Units.
(c)    In the event Holder's tax withholding obligation will be satisfied under Section 1.2(a)(iii) or Section 1.2(a)(v) above, then the Company may elect to instruct any brokerage firm determined acceptable to the Company for such purpose to sell on Holder's behalf a whole number of Shares as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy Holder's tax withholding obligation.  Holder's acceptance of this Award constitutes Holder's instruction and authorization to the Company and such brokerage firm to complete the transactions described above, including the transactions described in the previous sentence, as applicable.  Any Shares to be sold at the Company's direction through a broker-assisted sale will be sold on the day the tax withholding obligation arises (i.e., the date Shares are delivered) or as soon thereafter as practicable.  The Shares may be sold as part of a block trade with other participants of the Plan in which all participants receive an average price.  Holder will be responsible for all broker's fees and other costs of sale, and Holder agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed Holder's tax withholding obligation, the Company agrees to pay such excess in cash to Holder as soon as practicable. Holder acknowledges that the Company or its designee is under no obligation to 

arrange for such sale at any particular price and that the proceeds of any such sale may not be sufficient to satisfy Holder's tax withholding obligation.  The Company may refuse to issue any Shares in settlement of the Award to Holder until the foregoing tax withholding obligations are satisfied.  
1.3    Conditions to Issuance of Shares.  The Company shall not be required to issue or deliver any Shares issuable upon the vesting of the Units prior to the fulfillment of all of the conditions set forth in Section 6.3 of the Plan.    
ARTICLE II.
RESTRICTIONS
2.1    Award and Interests Not Transferable.  The Units awarded hereunder shall not be liable for the debts, contracts or engagements of Holder or his or her successors in interest or 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.  
2.2    Rights as Stockholder.  Neither Holder nor any person claiming under or through Holder shall have any of the rights or privileges of a stockholder of the Company as a result of the issuance of the Units or in respect of any Shares issuable hereunder, to the extent any are issued, unless and until certificates representing such Shares (which may be in uncertificated form) have been issued and recorded on the books and records of the Company or its transfer agents or registrars, and delivered to Holder (including through electronic delivery to a brokerage account).   After such issuance, recordation and delivery, Holder shall have all the rights of a stockholder of the Company, including with respect to the right to vote the Shares and the right to receive any cash or share dividends or other distributions paid to or made with respect to the Shares. 
ARTICLE III.
OTHER PROVISIONS
3.1    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 or any Subsidiary and Holder.  
3.2    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 any 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.
3.3    Amendments.  This Agreement may not be modified, amended or terminated except by an instrument in writing, signed or acknowledged by Holder and by a duly authorized representative of the Company.
3.4    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 (or, if sent by email, to the then-current email address for 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 or to the most recent address for Holder in the Company's personnel records (or, if sent by email, to the most recent email address for Holder in the Company's personnel records).  By a notice given pursuant to this Section 3.4, 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.
3.5    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.
3.6    Section 409A.  
(a)    Notwithstanding any other provision of the Plan, this Agreement or the Grant Notice, the Plan, this Agreement and the Grant Notice shall be interpreted in accordance with, and incorporate the terms and conditions required by, Section 409A.  The Administrator may, in its discretion, adopt such amendments to the Plan, this Agreement or the Grant Notice or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, as the Administrator determines are necessary or appropriate to comply with the requirements of Section 409A.  
(b)    This Agreement is not intended to provide for any deferral of compensation subject to Section 409A of the Code, and, accordingly, the Shares and/or cash, as applicable, issuable or payable pursuant to the Units hereunder shall be distributed to Holder no later than the later of:  (i) the fifteenth (15th) day of the third month following Holder's first taxable year in which such Units are no longer subject to a substantial risk of forfeiture, and (ii) the fifteenth (15th) day of the third month following first taxable year of the Company in which such Units are no longer subject to substantial risk of forfeiture, as determined in accordance with Section 409A and any Treasury Regulations and other guidance issued thereunder.  If any of the conditions to the issuance of any Shares issuable upon the vesting of the Units under Section 2.3 above that are within the control of Holder have not been satisfied prior to the date set forth in the preceding sentence, the Units will terminate automatically and without any further action by the Company and be forfeited without further notice and at no cost to the Company.
3.7    Tax Representations.  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 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. 
3.8    Titles.  Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.
3.9    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.
3.10    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 Units 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.
 

EXHIBIT B
TO DEFERRED STOCK UNIT 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.    Vesting of Units.  The Units shall vest, subject to continued employment with the Company, according to the following schedule (each date vesting occurs shall be referenced herein as a “Vesting Date”):
(a)    25% of the Units vest on the second anniversary of the Grant Date; 
(b)    an additional 25% of the Units vest on the third anniversary of the Grant Date; and
(c)    an additional 50% of the Units vest on the fourth anniversary of the Grant Date.
Except as otherwise provided in Section 2 of this Exhibit B, the unvested Units shall be entirely forfeited by Holder if Holder's employment with the Company terminates for any reason prior to 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 all remaining unvested Units shall vest upon such 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 Holder's employment or severance agreement with the Company in effect on the Grant Date and if Holder does not have an employment or severance agreement or Holder's employment or severance 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 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 Vesting and Distribution of Units.  The vesting and distribution of Units pursuant to subparagraph 2(a) shall be conditioned on Holder's delivery to the Company, within the time period set forth in the General Release, of an executed General Release substantially in the form attached as Exhibit C 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 Holder's non-revocation of such General Release during the time period for such revocation set forth therein.
 

EXHIBIT C
TO DEFERRED STOCK UNIT AWARD GRANT NOTICE
FORM OF GENERAL RELEASE
1.    General Release of Claims.  In consideration of certain rights to accelerated vesting of deferred stock units granted to the undersigned (“Holder”) by Leap Wireless International, Inc. (the “Company”) 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.
(c)    The rights to accelerated vesting of the deferred stock units and the right to receive shares of the Company's common stock and/or cash, as applicable upon settlement of such units 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 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.
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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