Document:

Exhibit

Exhibit 10.1

SEPARATION AND RELEASE AGREEMENT
This SEPARATION AND RELEASE AGREEMENT (“Agreement”) is made and entered into by and between Thomas Jasper (“Jasper”) and TCF National Bank (“TCF”).
WHEREAS, Jasper served as TCF’s Vice Chairman, Chief Operating Officer;
WHEREAS, Jasper’s employment as TCF’s Vice Chairman, Chief Operating Officer terminated effective as of the close of business on February 1, 2019;
WHEREAS, Jasper and TCF wish to fully and finally settle all issues, differences, and claims, whether potential or actual, between Jasper and TCF, including, but not limited to, any claims that might arise out of Jasper’s employment with TCF or the termination of Jasper’s employment from TCF;
WHEREAS, based on the foregoing, TCF and Jasper desire to enter into this Agreement to effect the termination of Jasper’s employment with TCF on the terms and conditions set forth herein.
NOW, THEREFORE, the parties agree as follows:
1.Separation. Except as provided in this Agreement, all benefits and privileges of Jasper’s employment with TCF ended as close of business on February 1, 2019.
2.Consideration. As consideration for Jasper’s promises and obligations under this Agreement, TCF will provide Jasper with the following benefits to which Jasper is not otherwise entitled, provided Jasper signs and does not revoke or rescind this Agreement as described in Section 5.
a.Separation Pay. As consideration for Jasper’s release of claims described below, TCF agrees to pay Jasper $1,399,592.00, less deductions and withholdings for state and federal taxes in one (1) lump sum on the first payday following the expiration of the rescission period described below;
b.2018 MIP Payment. As payment in satisfaction of amounts due Jasper for past performance pursuant to the 2018 Management Incentive Plan - Executive Awards (the “2018 MIP” TCF agrees to pay Jasper $840,000.00, less deductions and withholdings for state and federal taxes in one (1) lump sum on the first payday following the expiration of the rescission period described below; and
c.Change in Control Pay. In the event that a transaction or series of transactions that constitutes a Change in Control shall have been approved by TCF stockholders, and shall subsequent to that date be consummated prior to January 30, 2020, TCF shall make an additional payment to Jasper in the amount of $1,530,608.00 within ten (10) business days following the consummation of the Change in Control. For purposes of this Section, the term “Change in Control” shall mean any transaction or event (i) which would be deemed a Change in Control as such term is defined in the TCF FINANCIAL 2015 OMNIBUS INCENTIVE PLAN; or (ii) which results pursuant to agreement or otherwise in equity awards of TCF outstanding generally being treated as though a Change in Control has taken place.
d.Deferred Compensation, Pension, 401(k) and SERP. Jasper shall receive all benefits pursuant to his Deferred Compensation account, Pension Plan account, and all payouts per the TCF 401(k) and SERP Plans in accordance with Jasper’s applicable elections.  
3.Mutual Release of Claims. As an inducement to TCF to enter into this Agreement and in exchange for the consideration provided for in this Agreement, Jasper hereby settles any and all claims that he has or may have against TCF and its predecessors, successors, assigns, parents, affiliates, subsidiaries, 

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related companies, officers, employees, agents, assigns, insurers, representatives, counsel, administrators, successors, shareholders, and/or directors (the “Released Parties”) as a result of TCF’s hiring of Jasper, Jasper’s employment with TCF, the cessation of Jasper’s employment with TCF, or any act, occurrence, or omission occurring prior to the date of this Agreement, except as otherwise provided herein.

For the consideration expressed herein, Jasper, on behalf of himself and his heirs, successors, representatives, and assigns, hereby release and discharge the Released Parties from any and all claims, causes of action, liabilities, damages, and right to relief of any kind that Jasper has or ever had against the Released Parties, known or unknown, by reason of any matter or fact giving rise to this Agreement. Jasper’s release of claims is intended to extend to and includes, among other things, claims of any kind arising under or based upon that certain Change in Control Severance Agreement entered into between Jasper and TCF dated as of March 1, 2018, the Age Discrimination in Employment Act, 29 U.S.C. §§ 621, et seq.; Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000e et seq.; the Americans with Disabilities Act, 42 U.S.C. § 12101 et seq.; the Family and Medical Leave Act, 29 U.S.C. § 2601 et seq.; the Employment Retirement Income Security Act, 29 U.S.C. § 1001 et seq.; the Minnesota Human Rights Act; the Women’s Economic Security Act; the Minnesota Equal Pay for Equal Work Law, Minn. Stat. §§ 181.66-181.71; Minn. § 181.81; Minn. Stat. § 176.82; Minn. Stat. §§ 181.931, 181.932, 181.935; Minn. Stat. §§ 181.940-181.944; Minn. Stat. §§ 181.950-181.957; Minn. Stat. §§ 181.961-181.966, and any other federal, state, or local law, rule, or regulation prohibiting employment discrimination or otherwise relating to employment; and any claims based upon any other theory, whether legal or equitable, arising from or related to any matter or fact arising out the events giving rise to this Agreement.
Jasper also agrees and understands that except as otherwise provided for herein, he is giving up any and all other claims, whether grounded in contract or tort theories, including but not limited to: wrongful discharge; breach of contract (including any claims for unpaid compensation); tortious interference with contractual relations; promissory estoppel; detrimental reliance; breach of the implied covenant of good faith and fair dealing; breach of express or implied promise; breach of manuals or other policies; breach of fiduciary duty; assault; battery; fraud; false imprisonment; invasion of privacy; intentional or negligent misrepresentation; defamation, including libel, slander, discharge defamation and self-publication defamation; discharge in violation of public policy; whistleblower; intentional or negligent infliction of emotional distress; and claims for punitive damages or attorneys’ fees or any other theory, whether legal or equitable.
Nothing in this Agreement purports to release or waive claims that may not be released or waived as a matter of law; claims based on events, occurrences, or omissions that occur after the date of the Agreement; or claims related to any already vested benefits under the terms of any of TCF’s benefit plans. Similarly, nothing in this Agreement prevents Jasper from challenging the validity of this agreement or from filing any non-legally waivable claim with the Equal Employment Opportunity Commission (“EEOC”), National Labor Relations Board (“NLRB”) or comparable state or local agency or participating in any investigation or proceeding conducted by the EEOC, NLRB, or comparable state or local agency; however, Jasper agrees and understands that the Agreement waives all claims and rights to monetary or other recovery for any legal claims to the fullest extent permitted by law.

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This Release of Claims does not prohibit Jasper from reporting possible violations of federal law or regulation to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission (“SEC”), the Congress, and any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation. Nothing in this Agreement requires Jasper to seek prior authorization of TCF to make any such reports or disclosures and Jasper does not need and is not required to notify TCF that he has made any such reports or disclosures. This Agreement is not intended to and does not restrict Jasper from seeking or obtaining an SEC whistleblower award.
Finally, Jasper understands that under the U.S. Defend Trade Secrets Act of 2016, he will not be held criminally or civilly liable under any U.S. federal or state trade secret law for the disclosure of a trade secret that is made in confidence to government officials, either directly or indirectly, or to an attorney, in each case solely for the purpose of reporting or investigating a suspected violation of law, or in a complaint or other document filed in a lawsuit or other proceeding, provided such filing is made under seal. Jasper hereby represents that he is not aware of any violation of law as outlined in this paragraph.
Similarly, TCF releases and forever discharges Jasper from any and all claims it has or may have against Jasper, known or unknown, foreseen or unforeseen, occurring prior to the date of this Agreement.
4.Consideration Period and Advice to Consult with Counsel. Jasper is hereby informed that the terms of this Agreement shall be open for acceptance and execution by Jasper for a period of twenty-one (21) days from Jasper’s date of receipt, during which time Jasper may consult with an attorney and consider whether to accept this Agreement. Changes to this Agreement, whether material or immaterial, will not restart the running of this twenty-one (21) day acceptance period. During this time, TCF advises and encourages Jasper to consult with an attorney of his choice. To receive the consideration provided for in this Agreement, Jasper must return a signed and dated original copy of this Agreement to: Patty Jones, EVP and Chief Human Capital Officer, TCF National Bank, 1405 Xenium Lane, Plymouth, MN 55441.
5.Right to Revoke and Rescind. Jasper is hereby informed of his right to revoke this Agreement as far as it extends to potential claims under the Age Discrimination in Employment Act (“ADEA”), 29 U.S.C. §§ 621 et seq. by written notice to TCF within seven (7) calendar days following Jasper’s execution of this Agreement. Jasper is also informed of his right to rescind his release of claims, insofar as it extends to potential claims under the Minnesota Human Rights Act (“MHRA”), by informing TCF of Jasper’s intent to do so within fifteen (15) calendar days following his signing of this Agreement.  Any such revocation or rescission must be made in writing and delivered by hand or by certified mail, return receipt requested, postmarked on or before the last day of the applicable revocation or rescission period to the representative identified in paragraph 4.

If Jasper exercises his right to revoke or rescind his release of claims under the MHRA or ADEA, TCF may, at its option, either nullify this Agreement in its entirety, or keep it in effect in all respects other than as to that portion of the release of claims that Jasper has revoked or rescinded. Jasper agrees and understands that if TCF chooses to nullify the Agreement in its entirety, TCF will have no obligations under this Agreement.
6.Confidentiality. Jasper and his legal counsel agree not to disclose any of the negotiations leading to the making of this Agreement, to any other person or entity, other than Jasper’s spouse, parents, attorneys, accountants, or tax advisors. Notwithstanding this Section, nothing in this Agreement prevents Jasper from participating in any investigation or proceeding conducted by the EEOC, NLRB, or comparable state or local agency.

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7.Continuation of Benefits. TCF shall arrange to provide Jasper and his dependents life, disability, accident and health insurance benefits substantially similar to that provided to Jasper just prior to his separation date at a cost as if Jasper were an active employee.  Such coverage shall continue until August 31, 2020, or when Jasper is able to secure similar coverage with another employer, whichever comes first.
8.Legal Fees and Tax Services. TCF shall pay for Jasper’s legal fees incurred in the review of this Agreement, such cost not to exceed $20,000. TCF may be billed directly for these services by counsel of Jasper’s choosing. TCF shall pay Jasper’s tax planning and return preparation fees for tax years 2018 and 2019.
9.Claims Warranties. Jasper represents and warrants that he is not aware of any facts that would establish, tend to establish or in any way support an allegation that any member of TCF has engaged in conduct that Jasper believes could violate (1) any provision of federal law relating to fraud (including but not limited to the Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) and/or any state or local counterpart); (2) any rule or regulation of the SEC; (3) the federal False Claims Act and/or any state or local or municipal qui tam counterpart (which prohibit the presentation by TCF or any affiliate of false claims and statements or the creation of false records or statements in order to obtain payment of federal, state, county or municipal funds, or to avoid refunds of such government funds); and (4) any other federal, state or local law.
10.Representations and Warranties Regarding the FMLA and FLSA. Jasper represents and warrants that he is not aware of any facts or circumstances that might justify a claim against the Released Parties for any violation of the Family and Medical Leave Act (“FMLA”) or the Fair Labor Standards Act (“FLSA”) or comparable state statutes. Jasper further represents and warrants that he has received any and all wages and/or commissions for work performed and any and all FMLA leave to which Jasper may have been entitled.
11.Non-Solicitation and Non-Competition Covenant. During the period commencing on the Separation Date and terminating on December 1, 2019 (the “Restricted Period”), Jasper shall not (i) solicit, attempt to hire, or encourage any current employees of TCF to terminate their employment with TCF, or (ii) directly or indirectly (whether for compensation or without compensation), as principal, agent, owner, partner, employee, consultant, shareholder, member, manager or officer, as the case may be, or otherwise howsoever, own, operate, be engaged in or connected with the operation of or have any financial interest in or advance, lend money to, guarantee the debts or obligations of or permit his name or part thereof to be used or employed in any operation, whether a proprietorship, partnership, joint venture, company or other entity, legal or otherwise, whatsoever, or otherwise carry on or engage in any activity or business similar to TCF’s business or be connected or involved in any manner whatsoever in any activity or business competing with TCF’s business in whole or in part, or in any business activity TCF was actively contemplating or preparing for as of the date hereof, in any state of the United States in which TCF conducts a similar type of activity or business, or, if the TCF business activity draws customers from across the United States, anywhere in the United States; provided, however, that such restrictions shall not preclude Jasper from owning up to 1% of the totally outstanding stock of a publicly traded entity.  To be clear, and notwithstanding anything herein to the contrary, Jasper may serve as a Director on the Board of any profit or non-profit entity, with or without compensation, whether a competitor of TCF or not.
12.Mutual Non-Disparagement. Except in the context of a proceeding with the EEOC, NLRB, or other comparable state or local government agency; in compelled sworn testimony; or as otherwise may be required by law, Jasper agrees that he will not disparage or defame TCF, any of TCF’s current or former employees, directors, officers, agents, or contractors, or TCF’s management or services. Similarly, TCF agrees it will not disparage or defame Jasper.

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13.Cooperation. Jasper agrees to cooperate with TCF with respect to any claims or lawsuits brought or threatened to be brought against the Released Parties, which relate to or involve Jasper’s involvement with TCF or any transactions, decisions, or actions of TCF in which Jasper was involved while a Company employee (the “Covered Subjects”). As part of Jasper’s agreement to cooperate, Jasper agrees to be available upon reasonable notice at mutually-agreeable times to discuss with TCF and its counsel issues related to litigation or potential litigation exposure with respect to the Covered Subjects. TCF will reimburse Jasper for any reasonable expenses (actual travel, lodging, food, and $150 per hour of time involved) which Jasper may reasonably incur with respect to such litigation or potential litigation. Jasper also agrees to appear without subpoena for deposition or testimony at the request of TCF in connection with claims or lawsuits relating to Covered Subjects.
14.Return of Information and Property. Jasper affirms that all originals and all copies of TCF’s records, correspondence and documents, and all other property and assets of TCF, created or obtained by Jasper as a result of or in the course of or in connection with his employment with TCF which are in his possession or control, whether confidential or not, will be returned to TCF before the Separation Date.
15.Passwords and Password-Protected Documents. Jasper agrees that, prior to the Separation Date, he will deliver to TCF all passwords in use by Jasper at the time of his termination, a list of any documents that Jasper has created or of which Jasper is otherwise aware are password-protected, and the password(s) necessary to access such password-protected documents.
16.Non-Assignability. Jasper understands and agrees that this Agreement is personal to him. The duties, rights, and obligations set forth herein may not be delegated or assigned by Jasper to any other person without prior written consent of TCF. TCF’s rights and obligations hereunder may be assigned to any successor following a sale of TCF or of TCF’s assets, or any other transaction involving a change in control.
17.Governing Law; Severability. This Agreement shall be governed by the laws of the State of Minnesota without regard to the choice of law provisions of any jurisdiction. If any part of this Agreement is construed to be invalid and/or unenforceable, such part shall be modified to achieve the objective of the parties to the fullest extent permitted and the balance of this Agreement shall remain in full force and effect. The language of all parts of this Agreement shall be construed as a whole, according to its fair meaning, and not strictly for or against any of the parties.
18.Choice of Venue. Any action between Jasper and TCF relating to Jasper’s employment or termination of employment with TCF, including, without limitation, actions relating to or arising under this Agreement shall be filed and adjudicated exclusively in the state and federal courts of the State of Minnesota, and Jasper and TCF hereby consent to the jurisdiction of such courts for any such action and further waive any objection to the convenience of the forum or venue.
19.Successor; Binding Agreement.  
a.In addition to any obligations imposed by law upon any successor to TCF, TCF will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of TCF to expressly assume and agree to perform this Agreement in the same manner and to the same extent that TCF would be required to perform it if no such succession had taken place.  
b.This Agreement shall inure to the benefit of and be enforceable by Jasper’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.  If Jasper shall die while any amount would still be payable to Jasper hereunder (other than amounts which, by their terms, terminate upon the death of Jasper) if Jasper had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the executors, personal representatives or administrators of Jasper’s estate.  

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20.Entire Agreement. This Agreement and the documents referenced herein contain the entire agreement between Jasper and TCF with respect to Jasper’s employment and separation from employment and there are no promises or understandings outside of this Agreement and the documents referenced herein with respect to Jasper’s employment or separation from employment with TCF. Any modification of or addition to this Agreement must be in a writing signed by Jasper and an appropriate representative of TCF.
21.Waiver. The waiver by either party of a breach by the other party of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach.
22.Section 409A Compliance and 280G Payments.
The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and guidance promulgated thereunder (collectively, “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. To the extent that any provision hereof is modified in order to comply with Code Section 409A, such modification shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to Employee and TCF of the applicable provision without violating the provisions of Code Section 409A. In no event whatsoever shall TCF be liable for any additional tax, interest or penalty that may be imposed on Employee by Code Section 409A or damages for failing to comply with Code Section 409A.
Anything to the contrary notwithstanding, the amount of any payment, distribution or benefit made or provided by the Company to or for the benefit of Jasper in connection with a change in control of the Company (such foregoing payments or benefits referred to collectively as the “Change in Control Payments”), shall be reduced (but not below zero) by the amount, if any, necessary to prevent any part of the Change in Control Payments from being treated as an “excess parachute payment” within the meaning of Section 280G(b)(1) of the Code, but only if and to the extent such reduction will also result in, after taking into account all applicable state and federal taxes (computed at the highest marginal rate) including Jasper’s share of F.I.C.A. and Medicare taxes and any taxes payable pursuant to Section 4999 of the Code, a greater after-tax benefit to Jasper than the after-tax benefit to Jasper of the Change in Control Payments computed without regard to any such-reduction. For purposes of the foregoing, (i) no portion of the Change in Control Payments shall be taken into account which in the opinion of tax counsel selected by the Company and acceptable to Jasper does not constitute a “parachute payment” within the meaning of section 280G(b)(2) of the Code; (ii) any reduction in payments shall be computed by taking into account that portion of Change in Control Payments which constitute reasonable compensation within the meaning of Section 280G(b)(4) of the Code in the opinion of such tax counsel; (iii) the value of any non-cash benefit or of any deferred cash payment included in the Change in Control Payments shall be determined by. the Company in accordance with the principles of Section 280G(d)(3)(iv) of the Code; and (iv) in the event of any uncertainty as to whether a reduction in Change in Control Payments to Jasper is required pursuant to this paragraph, the Company shall initially make the payment to Jasper and Jasper shall be required to refund to the Company any amounts ultimately determined not to have been payable under the terms of this Section.
23.Counterparts and Electronic Signatures. This Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed an original, and the counterparts together shall constitute one and the same agreement. A copied, scanned, or faxed signature shall be treated the same as an original.

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24.Jasper Representation. JASPER AFFIRMS THAT HE HAS READ THIS AGREEMENT. JASPER ACKNOWLEDGES THAT HE WAS PROVIDED WITH A REASONABLE AND SUFFICIENT PERIOD OF TIME TO CONSIDER WHETHER OR NOT TO ACCEPT THIS AGREEMENT PRIOR TO SIGNING IT. JASPER AGREES THAT THE PROVISIONS OF THIS AGREEMENT ARE UNDERSTANDABLE TO HIM, THAT HE HAS ENTERED INTO THIS AGREEMENT FREELY AND VOLUNTARILY, AND THAT HE HEREBY WAS ADVISED TO CONSULT WITH AN ATTORNEY PRIOR TO SIGNING THIS AGREEMENT.

IN WITNESS WHEREOF, the parties have executed this Agreement by their signatures below.
		
	Dated:  February 26, 2019
	     /s/ Thomas F. Jasper                

Thomas Jasper

		
	Dated:  February 27, 2019
	    TCF National Bank

By  /s/ Patricia L. Jones                            
Its  Chief Administrative Officer            

7EX-10.1

 EXHIBIT 10.1 

DATED AS OF FEBRUARY 26, 2019 

T-MOBILE AIRTIME FUNDING LLC 

as Funding Seller 
 BILLING GATE
ONE LLC 
 as Purchaser 

LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE 

as Bank Purchasing Agent 
 MUFG
BANK (EUROPE) N.V., GERMANY BRANCH 
 as Bank Collections Agent 

T-MOBILE PCS HOLDINGS LLC 

as Servicer 
 and 

T-MOBILE US, INC. and T-MOBILE USA, INC. 

as Performance Guarantors 
  

 
 FOURTH
AMENDED AND RESTATED 
 MASTER RECEIVABLES PURCHASE AGREEMENT 

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 1.
	 	Interpretation	  	 	4	 
	 2.
	 	Sale and Assignment	  	 	30	 
	 3.
	 	Servicing of Purchased Receivables	  	 	37	 
	 4.
	 	Fees and Payments; Increased Costs; Set-Off	  	 	45	 
	 5.
	 	Repurchase of Receivables; Allocation and Sharing of Losses	  	 	49	 
	 6.
	 	Representations and Warranties of the Funding Seller and the Performance Guarantor	  	 	58	 
	 7.
	 	Certain Covenants of the Funding Seller, the Servicer, the Performance Guarantor, the Bank Purchasing Agent and the Purchaser	  	 	63	 
	 8.
	 	Conditions Precedent	  	 	70	 
	 9.
	 	Indemnification By Funding Seller	  	 	70	 
	 10.
	 	Payments	  	 	72	 
	 11.
	 	Term; Termination	  	 	72	 
	 12.
	 	Confidentiality	  	 	77	 
	 13.
	 	Notices	  	 	78	 
	 14.
	 	Assignments	  	 	78	 
	 15.
	 	Amendments	  	 	78	 
	 16.
	 	Other Costs	  	 	79	 
	 17.
	 	Severability	  	 	79	 
	 18.
	 	Money Laundering	  	 	79	 
	 19.
	 	Performance Guarantee	  	 	79	 
	 20.
	 	Termination of KFW Guarantees	  	 	82	 
	 21.
	 	Purchasing Entities’ Undertakings related to German VAT	  	 	82	 
	 22.
	 	Bankruptcy	  	 	82	 
	 23.
	 	Limited Recourse against Wells Fargo	  	 	83	 
	 24.
	 	Choice of Law and Jurisdiction; Waiver of Jury Trial	  	 	83	 
	 25.
	 	Counterparts	  	 	84	 
	 26.
	 	Execution	  	 	84	 
	 27.
	 	Anti-Corruption; Sanctions	  	 	84	 
	 28.
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	86	 
	 SIGNATURE PAGES
	  

	 ANNEX 1 ADDRESSES
	  	 	A-1	 
	 ANNEX 2 [RESERVED]
	  	 	A-2	 
	 ANNEX 3 ELIGIBLE RECEIVABLES
	  	 	A-3	 
	 ANNEX 4 ORIGINATORS
	  	 	A-4	 
	 ANNEX 5 CONDITIONS PRECEDENT TO EACH PURCHASE
	  	 	A-5	 
	 ANNEX 6 FORM OF MONTHLY REPORT
	  	 	A-6	 
	 ANNEX 7 SCOPE OF ACCOUNTANT’S REPORT
	  	 	A-7	 
	 ANNEX 8 DATA CONFIDENTIALITY PROVISIONS
	  	 	A-8	 
	 ANNEX 9 TEMPLATE FOR INVOICES ON SERVICER FEE TO BE ISSUED BY SERVICER SEPARATELY TO
EACH BANK PURCHASER PURSUANT TO SECTION 4.3(b)
	  	 	A-9	 

  
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 THIS FOURTH AMENDED AND RESTATED MASTER RECEIVABLES PURCHASE AGREEMENT (this
“Agreement”) is dated as of February 26, 2019, and made 
 AMONG: 

 

	(1)	 T-Mobile Airtime Funding LLC, a limited liability company
organized under the laws of the State of Delaware, with its principal place of business at 12920 SE 38th Street, Bellevue, Washington, USA 98006 (“T-Mobile Funding” or the “Funding
Seller”); 

  

	(2)	 Billing Gate One LLC, a limited liability company organized under the laws of the State of Delaware,
with its principal place of business at 919 N. Market Street, Suite 1600, Wilmington, Delaware, USA 19801 (the “Purchaser”); 

  

	(3)	 Landesbank Hessen-Thüringen Girozentrale, a public law
corporation incorporated under the laws of Germany, registered in the commercial register kept at the local court (Amtsgericht) of Frankfurt am Main under registration number HRA 29821 and the local court (Amtsgericht) of Jena under
registration number HRA 102181, with its business address at Neue Mainzer Straße 52-58, 60311 Frankfurt am Main, Germany (“Helaba” or, in its capacity as Bank Purchasing Agent on behalf
of the Bank Purchasers, the “Bank Purchasing Agent” and a “Co-Agent”); 

  

	(4)	 MUFG Bank (Europe) N.V., Germany branch (“MUFG” or, in its capacity as Bank
Collections Agent on behalf of the Bank Purchasers, the “Bank Collections Agent” and a “Co-Agent”); 

 

	(5)	 T-Mobile PCS Holdings LLC, a Delaware limited liability company,
with its business address at 12920 SE 38th Street, Bellevue, Washington, USA 98006, as Servicer (“T-Mobile PCS Holdings” or the “Servicer”); 

 

	(6)	 T-Mobile US, Inc., a Delaware corporation, with its business
address at 12920 SE 38th Street, Bellevue, Washington, USA 98006 (a “Performance Guarantor” or “TMUS”); and 

  

	(7)	 T-Mobile USA, Inc., a Delaware, corporation, with its business
address at 12920 SE 38th Street, Bellevue, Washington, USA 98006 (a “Performance Guarantor” or “TMUSA”). 

PREAMBLE 
  

	(A)	 On or about February 26, 2014 (the “Original Signing Date”): 

 

	 	(i)	 T-Mobile PCS Holdings and the Originators entered into a receivables
sale and conveyancing agreement, as amended from time to time (the “Conveyancing Agreement”), pursuant to which T-Mobile PCS Holdings (in such capacity, the “Initial
Purchaser”) agreed to purchase Receivables and Related Rights from the Originators, and the Originators have agreed to sell certain Receivables and Related Rights to the Initial Purchaser; 

  
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	 	(ii)	 T-Mobile Funding and the Initial Purchaser entered into a receivables
sale and contribution agreement, as amended from time to time (the “Contribution Agreement”), pursuant to which T-Mobile Funding agreed to purchase Receivables and Related Rights from the
Initial Purchaser, and the Initial Purchaser agreed to sell or contribute Receivables and Related Rights to T-Mobile Funding that the Initial Purchaser has acquired pursuant to the Conveyancing Agreement;

  

	 	(iii)	 in order to enable the Funding Seller to purchase such Receivables and Related Rights from the Initial
Purchaser pursuant to the Contribution Agreement, the Funding Seller and the Purchaser entered into the Master Receivables Purchase Agreement, as amended from time to time (the “Master Receivables Purchase Agreement”), pursuant to
which the Funding Seller sold to the Purchaser, and the Purchaser purchased from the Funding Seller, the Receivables and Related Rights that the Funding Seller had acquired pursuant to the Contribution Agreement; 

 

	 	(iv)	 in order to enable the Purchaser to purchase the Receivables and Related Rights from the Funding Seller
pursuant to the Master Receivables Purchase Agreement, the Bank Purchasing Agent, the Bank Purchasers and the Purchaser entered into the Onward Receivables Purchase Agreement (as amended and restated on the date hereof and as otherwise amended,
restated, supplemented or otherwise modified from time to time, the “Onward Receivables Purchase Agreement”), pursuant to which the Purchaser agreed to sell to the Bank Purchasers, and the Bank Purchasers agreed to purchase from the
Purchaser, undivided percentage ownership interests in such Receivables and Related Rights; 

  

	 	(v)	 Helaba was requested to act, and since then has been acting, as Bank Purchasing Agent on behalf of the Bank
Purchasers and their assigns in accordance with the terms of the Onward Receivables Purchase Agreement; 

  

	 	(vi)	 T-Mobile PCS Holdings was requested to act, and since then has been
acting, as the Servicer in accordance with the terms of the Master Receivables Purchase Agreement; and 

  

	 	(vii)	 in order to induce the Purchaser to enter into the Master Receivables Purchase Agreement, each Performance
Guarantor agreed to guaranty certain of the obligations of the Servicer, the Initial Purchaser and the Originators under the Transaction Documents. 

  

	(B)	 On June 6, 2016, the parties hereto amended, restated and replaced the Master Receivables Purchase
Agreement in its entirety with the First Amended and Restated Master Receivables Purchase Agreement and MUFG was requested to act, and since then has been acting, as Bank Collections Agent on behalf of the Bank Purchasers and their assigns in
accordance with the terms of the Onward Receivables Purchase Agreement. 

  

	(C)	 On November 30, 2016, the parties hereto amended, restated and replaced the First Amended and Restated
Master Receivables Purchase Agreement in its entirety with the Second Amended and Restated Master Receivables Purchase Agreement. 

  
 3 

	(D)	 On February 5, 2018, the parties hereto amended, restated and replaced the Second Amended and Restated
Master Receivables Purchase Agreement in its entirety with the Third Amended and Restated Master Receivables Purchase Agreement. 

  

	(E)	 On April 3, 2018 and November 21, 2018, the parties hereto entered into amendments to the Third
Amended and Restated Master Receivables Purchase Agreement. 

  

	(F)	 The parties hereto now desire to amend, restate and replace the Master Receivables Purchase Agreement in its
entirety as provided herein. 

 IT IS AGREED as follows: 
  

	1.	 INTERPRETATION 

 

	1.1	 Definitions 

In this Agreement (including recitals hereto): 

“1-Month LIBOR” means, for each Accrual Period, the percentage rate per annum
for deposits in USD in a principal amount equal to not less than USD 1,000,000 having a maturity of one month displayed on the Bloomberg Screen two Business Days prior to the first day of such Accrual Period. If such rate is unavailable for any
reason on such day, “1-Month LIBOR” shall be determined on the basis of the rates at which one-month deposits in USD are offered by four prime banks in the
London interbank market reasonably selected by the Co-Agents (the “1-Month LIBOR Reference Banks”) at approximately 11:00 a.m. (London time) on
such date, to prime banks in the London interbank market in an amount determined by the Co-Agents. If at least two such quotations are provided, “1-Month
LIBOR” will be the arithmetic mean of the quotations rounded to four decimal places. If fewer than two quotations are provided, “1-Month LIBOR” will be the arithmetic mean of rates quoted by at
least two major banks in New York City, reasonably selected by the Co-Agents, at approximately 11:00 a.m., New York City time, on such date for one-month loans in
USD to leading European banks in a principal amount equal to not less than USD 1,000,000; provided, however, that if fewer than two 1-Month LIBOR Reference Banks selected as aforesaid by the Co-Agents are quoting rates as mentioned above, “1-Month LIBOR” shall be the rate in effect for the previous Accrual Period. Notwithstanding the foregoing, with
respect to the initial Accrual Period, “1-Month LIBOR” shall be determined through the use of straight-line interpolation by reference to two rates based on the relevant rates displayed on the
Bloomberg Screen, one of which shall be determined as if the initial Accrual Period were one month in duration and the other of which shall be determined as if the initial Accrual Period were two months in duration. Any determination or selection
required to be made by the Co-Agents pursuant to this paragraph shall be made by the Co-Agents acting in concert or, if the
Co-Agents cannot agree to act in concert by the time prescribed, by either one of the Co-Agents acting at the direction of all of the Bank Purchasers whose LIBOR Rate is
based on 1-Month LIBOR. 
 “3-Month
LIBOR” means, for each Accrual Period, the percentage rate per annum for deposits in USD in a principal amount equal to not less than USD 1,000,000 having a maturity of three months displayed on the Bloomberg Screen two Business Days
prior to the first day of such Accrual Period. If such rate is unavailable for any reason on such day, “3-Month LIBOR” shall be 

  
 4 

 
determined on the basis of the rates at which three-month deposits in USD are offered by four prime banks in the London interbank market reasonably selected by the
Co-Agents (the “3-Month LIBOR Reference Banks”) at approximately 11:00 a.m. (London time) on such date, to prime banks in the London
interbank market in an amount determined by the Co-Agents. If at least two such quotations are provided, “3-Month LIBOR” will be the arithmetic mean of the
quotations rounded to four decimal places. If fewer than two quotations are provided, “3-Month LIBOR” will be the arithmetic mean of rates quoted by at least two major banks in New York City,
reasonably selected by the Co-Agents, at approximately 11:00 a.m., New York City time, on such date for three-month loans in USD to leading European banks in a principal amount equal to not less than
USD 1,000,000; provided, however, that if fewer than two 3-Month LIBOR Reference Banks selected as aforesaid by the Co-Agents are quoting rates as mentioned above, “3-Month LIBOR” shall be the rate in effect for the previous Accrual Period. 

“Acceptable Differential” means, for Helaba and MUFG, the percentage specified for such Bank Purchaser in the applicable Fee
Letter. 
 “Account Bank Required Rating” means a short-term debt rating of at least
A-1 by S&P and at least P-1 by Moody’s. 

“Account Control Agreement” means the agreement originally dated on or about the Original Signing Date, as amended and
restated on the date hereof and as otherwise amended, restated, supplemented or otherwise modified from time to time, among the Bank Collections Agent, the Purchaser, the Funding Seller and the Collection Account Bank entered into to perfect the
security interest of the Bank Collections Agent and the Purchaser in the Collection Account. 
 “Accrual Period” means
(A) initially, the period beginning on the Closing Date and ending on the first Settlement Date and (B) the period beginning on any Settlement Date and ending on the subsequent Settlement Date. 

“Administration Fee” means the amount set forth in the applicable Fee Letter. 

“Adverse Claim” means a lien, security interest, trust, mortgage, hypothecation, charge, floating charge, pledge,
assignment, deposit arrangement, easement, right of way, or any promise or irrevocable mandate or other encumbrance (including any lien by attachment, conditional sale, capital lease, retention of title, and any form of extended retention of title),
or other right, claim, preference, priority, or other preferential arrangement in the nature of a security interest of any kind or nature whatsoever under the laws of any jurisdiction in, of or on any asset or property of a Person (including any UCC
financing statement or any similar instrument of any jurisdiction filed against such Person, its assets or properties) and any financing lease having substantially the same economic effect as any of the foregoing. 

“Affected Party” means each Co-Agent and each Bank Purchaser. 

“Affiliate” means, as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by or is
under common control with such Person or is a director or officer of such Person. 

  
 5 

 “Aged Receivable” means a Purchased Receivable (other than a Written-Off Receivable) that has not been paid in full by the related Obligor more than 120 days after its original Due Date. For the avoidance of doubt, an EPS Receivable shall not be considered to be an Aged
Receivable. 
 “Aged Receivables Ratio” means, for any Settlement Date, a fraction, expressed as a percentage, the numerator
of which is the aggregate Outstanding Balance of all Receivables that first became Aged Receivables or Written-Off Receivables during the most recently ended Collection Period, and the denominator of which is
the Settlement Date Receivables Balance for the immediately preceding Settlement Date (which, for purposes of the first Settlement Date, shall be deemed to have been the Closing Date Receivables Balance). 

“Aged Receivables Write-Off Amount” shall have the meaning specified in
Section 5.3 
 “Aggregate Level 3 Excess Loss Sharing Payment Amount” shall have the meaning
specified in Section 5.3. 
 “Aggregate Level 3 Loss Sharing Payment Amount” shall have the meaning
specified in Section 5.3. 
 “Agreement” shall have the meaning specified in the preamble hereto. For the avoidance of
doubt, this “Agreement” shall include the Performance Guarantee. 
 “Allocated
Write-Off Amount” means, with respect to each Batch, for each Settlement Date, the aggregate amount of Write-Offs that occurred with respect to the Purchased Receivables (other than EPS Receivables)
included in such Batch during the most recently ended Collection Period. 
 “Autobahn” means Autobahn Funding Company LLC, a
Delaware limited liability company. 
 “Bank Collections Agent” has the meaning specified in the preamble hereto. 

“Bank Purchaser” shall mean each of (A) Helaba, MUFG and Autobahn, in their respective capacities as a “Bank
Purchaser” under the Onward Receivables Purchase Agreement, and (B) any other Person that becomes party to the Onward Receivables Purchase Agreement as a “Bank Purchaser” in accordance with the terms thereof. 

“Bank Purchasing Agent” means Helaba in its capacity as Bank Purchasing Agent under the Onward Receivables Purchase
Agreement. 
 “Bankruptcy Code” means title 11 of the United States Code, 11 U.S.C. §§ 101 et seq. 

“Bankruptcy Event” means, for any Person, any of the following events: 

 

	 	(a)	 a case or other proceeding shall be commenced, without the application or consent of such Person, in any court,
seeking the liquidation, reorganization, debt arrangement, dissolution, winding up or composition or readjustment of debts of such Person, the appointment of a trustee, receiver, custodian, liquidator, assignee, sequestrator or the like for such
Person or any substantial part of its assets, or any similar action with respect to such Person under the 

  
 6 

	 	
Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding up or composition or adjustment of debts, and, except in the case of the Funding Seller, such case or
proceeding shall continue undismissed, or unstayed and in effect, for a period of 60 days; or an order for relief in respect of such Person shall be entered in an involuntary case under the Bankruptcy Code or other similar laws now or hereafter in
effect; or 

  

	 	(b)	 such Person shall commence a voluntary case or other proceeding under the Bankruptcy Code or any other
applicable bankruptcy, insolvency, reorganization, debt arrangement, dissolution or other similar law now or hereafter in effect, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian,
sequestration or the like, for such Person or any substantial part of its property, or shall make any general assignment for the benefit of creditors, or shall fail to, or admit in writing its inability to, pay its debts generally as they become
due; or 

  

	 	(c)	 such Person shall generally not pay its debts as such debts become due, or shall admit in writing its inability
to pay its debts generally, or shall make a general assignment for the benefit of creditors or file a notice of intention to make a proposal to some or all of its creditors. 

“Batch” refers to the Closing Date Batch or any Collection Period Batch. 

“Batch Receivables Amount” means the aggregate Nominal Value of all of the Purchased Receivables that belong to such Batch as
at their respective Purchase Dates. 
 “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that (a) in calculating the beneficial ownership of any particular “person” (as that term is used in
Section 13(d)(3) of the Exchange Act), such “person” will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right
is currently exercisable or is exercisable only after the passage of time and (b) in the case of a “group” pursuant to Rule 13d-5(b)(1) of the Exchange Act which group includes one or more
Permitted Holders (or one or more Permitted Holders is deemed to share Beneficial Ownership with one or more other persons of any shares of Capital Stock), (i) such “group” shall be deemed not to have Beneficial Ownership of any shares
held by such Permitted Holder and (ii) any person (other than such Permitted Holder) that is a member of such group (or sharing such Beneficial Ownership) shall be deemed not to have Beneficial Ownership of any shares held by such Permitted
Holder (or in which any such Person shares beneficial ownership). The term “Beneficial Ownership” has a corresponding meaning. 

“Billing Gate One Trust” means Billing Gate One Trust, a Delaware statutory trust. 

“Bloomberg Screen” means the display which appears on the Bloomberg page “USOOO1M” (or such other page as may
replace that page on that service). 

  
 7 

 “Board of Directors” means (a) with respect to a corporation, the
board of directors of the corporation or any committee thereof duly authorized to act on behalf of such board; (b) with respect to a partnership, the Board of Directors of the general partner of the partnership; (c) with respect to a
limited liability company, the managing member or members or any controlling committee of managing members thereof; and (d) with respect to any other Person, the board or committee of such Person serving a similar function. 

“Business Day” means a day (other than a Saturday or Sunday) on which banks in Düsseldorf, Germany; Frankfurt am Main,
Germany; London, England, U.K.; New York City, New York, U.S.A.; Seattle, Washington, U.S.A.; Wilmington, Delaware, U.S.A.; and the Collection Account Bank are open for business. 

“Capital Cost” has the meaning set forth in Section 7.1(m). 

“Capital Stock” means 

(a) in the case of a corporation, corporate stock; 

(b) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (c) in the case of a partnership or limited liability company,
partnership interests (whether general or limited) or membership interests, respectively; and 
 (d) any other interest or
participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether
or not such debt securities include any right of participation with Capital Stock. 
 “CCPC” means, with respect to a
Receivable, the Cost Center Profit Center identified by the Servicer on its related books and records and collections systems. 

“Change in Law” means (i) any change after the date of this Agreement in (a) the risk-based capital guidelines in
effect in the United States on the date of this Agreement, including transition rules, or (b) the corresponding capital regulations promulgated by regulatory authorities outside the United States (including the Federal Republic of Germany),
including, in each case, transition rules, and any amendments to such regulations adopted prior to the date of this Agreement, or (ii) any adoption or change in any other law, governmental or quasi-governmental rule, regulation, policy,
guideline, interpretation, or directive (whether or not having the force of law) or in the interpretation, promulgation, implementation or administration thereof after the date of this Agreement which affects the amount of capital required or
expected to be maintained by any of the Purchasing Entities or any corporation controlling any of them. Notwithstanding the foregoing, for purposes of this Agreement, all requests, rules, guidelines or directives in connection with the Dodd-Frank
Wall Street Reform and Consumer Protection Act shall be deemed to be a Change in Law regardless of the date enacted, adopted or issued and all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel
Committee on Banking Supervision (or any successor or similar authority) or the United States financial regulatory authorities shall be deemed to be a Change in Law regardless of the date adopted, issued, promulgated or implemented. 

  
 8 

 “Change of Control” means the occurrence of any of the following:
(1) the occurrence of any of the following: (a) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or
substantially all of the properties or assets of TMUSA and its Subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d) of the Exchange Act) other than any such disposition to a Subsidiary or a Permitted
Holder; (b) the adoption of a plan relating to the liquidation or dissolution of TMUSA; (c) the consummation of any transaction (including any merger or consolidation), the result of which is that any “person” (as defined above),
other than a Permitted Holder, becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of TMUS (or its successor by merger, consolidation or purchase of all or substantially all of its assets or its equity),
measured by voting power rather than number of shares; or (d) TMUSA ceases to be a direct or indirect Wholly Owned Subsidiary of TMUS. 

“Change of Control Triggering Event” means the occurrence of a Change of Control: 

(a) (i) that is accompanied or followed by a downgrade by one or more gradations (including gradations within ratings
categories as well as between ratings categories) or withdrawal of the rating of any series of Senior Notes of TMUSA within the Ratings Decline Period by at least two out of the three Rating Agencies and (ii) the rating of any series of Senior
Notes of TMUSA on any day during such Ratings Decline Period is below the rating by each such Rating Agency in effect immediately preceding the first public announcement of the Change of Control (or occurrence thereof if such Change of Control
occurs prior to public announcement), provided that in making the relevant decision(s) referred to above to downgrade or withdraw such ratings, as applicable, the relevant Rating Agency announces publicly or confirms in writing during such Ratings
Decline Period that such decision(s) resulted, in whole or in part, from the occurrence (or expected occurrence) of such Change of Control or the announcement of the intention to effect such Change of Control; provided, further that no Change of
Control Triggering Event shall be deemed to occur if at the time of the applicable downgrade the rating of any series of Senior Notes of TMUSA by at least two out of the three Rating Agencies is investment grade; or 

(b) as to which the Bank Purchasing Agent has not had the opportunity to complete a satisfactory “know your client”
review process; or 
 (c) which results in TMUS or any of its Affiliates being classified as a Sanctioned Person (as defined
in Section 27.1); or 
 (d) as to which, at the time of the Change of Control, each of the legal opinions in connection
with this Agreement which were delivered on the date hereof, has not been, upon request, timely re-issued in form and substance reasonably satisfactory to the Bank Purchasing Agent and its counsel. 

“Charges” means, with respect to an Obligor, the amounts billed to such Obligor as reflected on the corresponding
Invoice. 
 “Clean-up Call” shall have the meaning specified in Section 11.9.

 “Closing Cut-Off Date” means February 26, 2014, at 12:00 a.m., Pacific
standard time. 

  
 9 

 “Closing Date” means March 3, 2014. 

“Closing Date Batch” refers, in the aggregate, to all of the Receivables sold by the Funding Seller to the Purchaser on the
Closing Date. 
 “Closing Date Mandatory Repurchase Reserve Amount” means an amount equal to the product of (i) the
Closing Date Receivables Balance and (ii) the Maximum Mandatory Repurchase Percentage on the Closing Date. 
 “Closing Date
Receivables Balance” means an amount equal to the aggregate Outstanding Balance of all Purchased Receivables purchased by the Purchaser from the Funding Seller on the Closing Date, as of the close of business on the Closing Cut-Off Date. 
 “Closing Date Yield Reserve Amount” means an amount equal to $3,000,000.

 “Co-Agent” means each of the Bank Collections Agent and the Bank Purchasing
Agent. 
 “Code” means the United States Internal Revenue Code of 1986, as amended from time to time (and any successor
statute thereto), and the regulations promulgated and rulings issued thereunder. Section references to the Code are to the Code as in effect on the Closing Date, and any subsequent provisions of the Code, amendments thereto or substituted therefrom.

 “Collections” means, with respect to any Purchased Receivable, any cash payments (or equivalent) made by or on behalf of
the related Obligor with respect to such Purchased Receivable as a payment thereon and any other cash proceeds of such Purchased Receivables, including cash proceeds of Related Rights with respect to such Purchased Receivables; provided that the
parties agree that (a) tax refunds, whether in the form of cash or otherwise, with respect to Receivables, and (b) any cash payments (or equivalent) or any other cash proceeds collected on EPS Receivables (including cash proceeds of
Related Rights with respect to such EPS Receivables), shall not constitute Collections. 
 “Collection Account” means the
deposit account identified as the Collection Account in the Master Receivables Purchase Agreement Side Letter and any successor deposit account. 

“Collection Account Bank” means the depositary institution at which the Collection Account is maintained, which depositary
institution shall satisfy the Account Bank Required Rating. 
 “Collection Period” means (A) initially, the period
beginning on the Closing Cut-Off Date and ending on March 31, 2014, and (B) each calendar month that shall occur thereafter. 

“Collection Period Batch” refers, in the aggregate, to all of the Receivables (other than Receivables in the Closing Date
Batch) that have been sold by the Funding Seller to the Purchaser within the same Collection Period, it being understood (for the avoidance of doubt) that each Collection Period in which Receivables are so sold shall give rise to a separate and
distinct Batch. 
 “Commingling Loss” has the meaning set forth in Section 5.6. 

  
 10 

 “Commitment” has the meaning specified in the Onward Receivables Purchase
Agreement. 
 “Commitment Fee” of any Bank Purchaser means the “commitment fee” payable to the Purchaser for the
benefit of such Bank Purchaser pursuant to Section 4.1. 
 “Commitment Fee Rate” means, for each Bank Purchaser, the
amount specified for such Bank Purchaser in the applicable Fee Letter. 
 “Competitor” means any Person that is a
telecommunications, internet or comparable service provider or otherwise a commercial competitor of the Performance Guarantor or one of its material Affiliates. 

“Conduit Agent” means DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, New York Branch, in its capacity as
the Conduit Agent under the Onward Receivables Purchase Agreement. 
 “Confidential Information” has the meaning specified
in Section 12.1. 
 “Consolidated Debt” means, as of any date of determination, for TMUS and its consolidated
Subsidiaries, an amount equal to (a) the amount of long-term debt, plus (b) the amount of short-term debt, minus (c) cash and cash equivalents, each as of the end of the preceding calendar quarter, each as determined in
accordance with GAAP and shown in the consolidated balance sheets of TMUS as of such date. 
 “Consolidated EBITDA” means,
an amount equal to the Consolidated Net Income for such period plus (a) each of the following to the extent deducted in calculating such Consolidated Net Income: (i) interest expense (net of interest income) payable by TMUS and its
Subsidiaries for such period, (ii) the provision for Federal, state, local and foreign income taxes payable (including those deferred) by TMUS and its Subsidiaries for such period, (iii) depreciation and amortization expenses of TMUS and
its Subsidiaries for such period, (iv) other deducted income and expenses, (v) expenses constituting stock-based compensation and (vi) other non-recurring expenses TMUS and its Subsidiaries
reducing such Consolidated Net Income which are not reflective of ongoing operations. 
 “Consolidated Equity Ratio” means,
as of any date of determination, a fraction, expressed as a percentage, the numerator of which is (a) Consolidated Shareholders’ Equity and the denominator of which is (b) Consolidated Total Assets. 

“Consolidated Leverage Ratio” means, as of any date of determination, a fraction, expressed as a percentage, the numerator of
which is (a) Consolidated Debt as of such date and the denominator of which is (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended. 

“Consolidated Net Income” means, for any fiscal quarter for TMUS and its consolidated Subsidiaries, the net income of TMUS and
its consolidated Subsidiaries as of the end of such fiscal quarter, determined in the accordance with GAAP and shown in the consolidated statements of income of TMUS and its consolidated Subsidiaries for such date. 

  
 11 

 “Consolidated Shareholders’ Equity” means, as of any
date of determination, the stockholders’ equity of TMUS and its consolidated Subsidiaries on a consolidated basis as of the end of the prior calendar quarter determined in accordance with GAAP and shown in the consolidated balance sheets of
TMUS as of such date. 
 “Consolidated Total Assets” means, as of any date of determination, the total assets of TMUS and
its consolidated Subsidiaries on a consolidated basis as of the end of the prior calendar quarter, determined in accordance with GAAP and shown in the consolidated balance sheets of TMUS as of such date. 

“Contract” means with respect to any Receivable, an agreement or arrangement pursuant to agreed-upon terms and conditions
between an Originator and any Obligor, pursuant to or under which such Obligor shall be obligated to pay for goods or services from time to time. 

“Contribution Agreement” has the meaning specified in the Preamble hereto. 

“Conveyancing Agreement” has the meaning specified in the Preamble hereto. 

“Cost of Funds Rate” means, with respect to any Accrual Period, (a) for Helaba and MUFG, the rate per annum, calculated,
in good faith, by such Bank Purchaser, which reflects such Bank Purchaser’s cost of funding its Ratable Share of the Funded Amount, taking into account such costs and expenses related thereto as it deems appropriate, as notified by such Bank
Purchaser to the Funding Seller and the Servicer on the Business Day prior to each Settlement Date and (b) for Autobahn, its LIBOR Rate. 

“Credit and Collection Policy” means, with respect to the Receivables and Related Rights, those policies and procedures of T-Mobile PCS Holdings (or one of its Affiliates) with respect to receivables credit, servicing, administering, originating and collection in effect as of the Closing Date and as modified from time to time in
accordance with this Agreement. 
 “Debt” of any Person shall mean, without duplication, (i) all obligations of such
Person for borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, or upon which interest payments are customarily made, (iii) all obligations of such Person under conditional sale
or other title retention agreements relating to property purchased by such Person (other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business), (iv) all obligations of
such Person issued or assumed as the deferred purchase price of property or services purchased by such Person (other than trade debt incurred in the ordinary course of business and due within twelve months of the incurrence thereof) which would
appear as liabilities on a balance sheet of such Person, (v) all obligations of such Person under take-or-pay or similar arrangements or under commodities
agreements, (vi) all indebtedness of others secured by (or for which the holder of such indebtedness has an existing right, contingent or otherwise, to be secured by) any Adverse Claim on, or payable out of the proceeds of production from,
property owned or acquired by such Person, whether or not the obligations secured thereby have been assumed; provided that for purposes hereof the amount of such indebtedness shall be limited to the greater of (A) the amount of such
indebtedness as to which there is recourse to such Person and (B) the fair market value of 

  
 12 

 
the property which is subject to the Adverse Claim, (vii) all guarantees of such Person, (viii) the principal portion of all obligations of such Person under capitalized leases,
(ix) all obligations of such Person in respect of interest rate protection agreements, foreign currency exchange agreements, commodity purchase or option agreements or other interest or exchange rate or commodity price hedging agreements,
(x) the maximum amount of all standby letters of credit issued or bankers’ acceptances facilities created for the account of such Person and, without duplication, all drafts drawn thereunder (to the extent unreimbursed), (xi) all preferred
stock issued by such Person and required by the terms thereof to be redeemed, or for which mandatory sinking fund payments are due by a fixed date, and (xii) the principal balance outstanding under any synthetic lease, tax retention operating
lease, off-balance sheet loan or similar off-balance sheet financing product to which such Person is a party, where such transaction is considered borrowed money
indebtedness for tax purposes. The Debt of any Person shall include the indebtedness of any partnership or joint venture in which such Person is a general partner or a joint venturer, but only to the extent to which there is recourse to such Person
for payment of such indebtedness. 
 “Deferred Purchase Price” means, for each Settlement Date, the sum of (i) the
Dilution Reserve Amount, (ii) the Mandatory Repurchase Reserve Amount, (iii) the Yield Reserve Amount, (iv) the Excess Funding Reserve Amount, and (v) the Level 4 Reserve Amount, in each case, determined for such Settlement
Date. 
 “Delinquency Ratio” means a fraction, expressed as a percentage, computed as of the last day of each Collection
Period, the numerator of which is (a) the aggregate Outstanding Balance of all Purchased Receivables that were Delinquent Receivables as of the close of business on such day, and the denominator of which is (b) the Settlement Date
Receivables Balance as of the Settlement Date immediately preceding such day (which, for purposes of the first Collection Period, shall be deemed to have been the Closing Date Receivables Balance). 

“Delinquent Receivable” means a Purchased Receivable that is not an Aged Receivable and for which any payment, or part
thereof, remains unpaid for more than 60 and less than 91 days from the original Due Date for such payment. For the avoidance of doubt, an EPS Receivable shall not be considered to be a Delinquent Receivable. 

“Designated Period” has the meaning set forth in Section 4.2(c). 

“Designated State” means the states referred to in paragraph (dd) of Annex 3, or such other states designated by the Servicer
from time to time and consented to by the Bank Purchasing Agent. 
 “Deutsche Telekom” means Deutsche Telekom AG, a public
law corporation incorporated under the laws of Germany. 
 “Dilutions” means, with respect to any Purchased
Receivable (other than an EPS Receivable), the aggregate amount of any reductions or adjustments in the Outstanding Balance of such Receivable as a result of any defective, rejected, returned, repossessed or foreclosed goods or services, any failure
to provide services or any credit, rebate, sales allowance, discount or other adjustment or setoff. For the avoidance of doubt, no Dilution shall be recognized with respect to an EPS Receivable, including at the time when a Purchased Receivable
becomes an EPS Receivable. 

  
 13 

 “Dilution Discount Amount Percentage” means, for each Settlement Date, a
percentage equal to the Dilution Peak Ratio multiplied by 2.25. 
 “Dilution Peak Ratio” means, for any Settlement Date, a
percentage equal to the highest three-month rolling average of the Dilution Ratio over the 12 immediately preceding Settlement Dates. 

“Dilution Ratio” means, for any Settlement Date, a fraction, expressed as a percentage, the numerator of which is (a) the
amount of Future Dilutions that occurred during the most recently ended Collection Period, and the denominator of which is (b) the Net Batch Amount. 

“Dilution Reserve Amount” means, (A) for each Settlement Date prior to the Facility Termination Date, an amount equal to
the product of (i) the Net Batch Amount for the most recently ended Collection Period and (ii) the Dilution Discount Amount Percentage for such Settlement Date, (B) for each Settlement Date on or following the Facility Termination
Date on which the Funded Amount is greater than zero, an amount equal to the lesser of (i) the Dilution Reserve Payment Amount and (ii) (a) the Settlement Date Receivables Balance minus (b) the Mandatory Repurchase Reserve
Amount, and (C) for each other Settlement Date, zero. 
 “Dilution Reserve Payment Amount” means, for each Settlement
Date, the amount equal to the higher of (A) (i) the Dilution Reserve Amount for the immediately preceding Settlement Date minus (ii) the product of (a) the Funding Advance Rate, multiplied by (b) the aggregate amount of
all Future Dilutions that occurred during the most recently ended Collection Period, and (B) zero. 
 “Discount” means,
with respect to each Purchased Receivable, the Outstanding Balance of such Purchased Receivable on the related Purchase Date multiplied by the Discount Rate. 

“Discount Ledger” means a book-entry ledger that shall be maintained by the Bank Purchasing Agent, in which the Bank
Purchasing Agent shall record the Discount Ledger Balance in accordance with the terms of this Agreement. 
 “Discount Ledger
Adjusted Balance” shall mean, for any Settlement Date, the amount equal to the sum of (A) the Discount Ledger Balance as of the end of the immediately preceding Settlement Date (which, for purposes of the first Settlement Date, shall
be deemed to have been zero) plus (B) the aggregate of amounts that were required to have been added to the Discount Ledger Balance on such Settlement Date pursuant to Sections 2.7 and 5.4 hereof, which amount shall be determined by the Bank
Purchasing Agent. 
 “Discount Ledger Balance” shall mean, as of any Settlement Date, the amount, which shall be determined
by the Bank Purchasing Agent, equal to the following: 
  

	 	(d)	 the Discount Ledger Adjusted Balance for such Settlement Date; minus 

 

	 	(e)	 the sum of (i) the aggregate amount, if any, by which the Discount Ledger Balance is required to be
reduced pursuant to Section 5.3(b)(ii) on such Settlement Date plus (ii) the aggregate amount, if any, payable by the Purchaser to the Funding Seller pursuant to Section 5.3(c)(ii) on such Settlement Date. 

  
 14 

 “Discount Rate” means (i) with respect to the Closing Date Batch and
the Batches related to the first three consecutive Collection Periods following the Closing Cut-Off Date, 0.40%, (ii) with respect to the June 2014 Batch until the December 2015 Batch (inclusive), 0.05%, (iii)
with respect to the January 2016 Batch until the February 2017 Batch 0.40%, (iv) with respect to the March 2017 Batch and April 2017 Batch, 0.60%, (v) with respect to the May 2017 Batch until the November 2017 Batch, 0.80%, and (vi) with
respect to the December 2017 Batch and all subsequent Batches thereafter, 0.70%, as such percentage may be adjusted from time to time in accordance with the terms hereof. 

“Due Date” means, with respect to any Receivable, the date on which such Receivable becomes due and payable pursuant to the
corresponding Invoice. 
 “Eligible Receivable” means any Receivable that satisfies all of the criteria specified in
Annex 3. 
 “EPS Cap Increase Notice” means a notice issued by the Servicer to the Purchasing Entities mandating an
increase in the limit on EPS Receivables and specifying an increase in the Discount Rate. 
 “EPS Fair Value Percentage”
means, for any Purchased Receivable that has become an EPS Receivable at any time, a percentage determined in good faith by the Servicer, which reflects the expected percentage of the Nominal Value of an EPS Receivable which the Servicer reasonably
believes will be recovered following such time as a Purchased Receivable becomes an EPS Receivable. Such determination shall be based on historical recovery experience of the Servicer and its affiliates with respect to similar receivables. As of the
date hereof, the EPS Fair Value Percentage shall be 80%. The Servicer may change the EPS Fair Value Percentage from time to time based on such historical recovery experience and will review such percentage on a monthly basis and notify the other
parties hereto of any such change. 
 “EPS Loss Amount” means, with respect to any Purchased Receivable that has become an
EPS Receivable, the EPS Loss Percentage for such Purchased Receivable of the Nominal Value of such Purchased Receivable. 
 “EPS Loss
Percentage” means, at any time, (a) 100% minus (b) the EPS Fair Value Percentage. 
 “EPS Program” shall mean
a program, in accordance with the Credit and Collection Policy, by which the Servicer may permit an Obligor who is delinquent on his or her payment obligations under a Contract to be made current on delinquent amounts under his or her Contract by
application of a credit amount to the delinquent Receivable. 
 “EPS Receivable” shall mean a Purchased Receivable where
(a) the related Obligor is or has been past due on payment obligations, (b) the related Obligor requests or has requested that the Servicer allow him or her to be part of the EPS Program, (c) such request is or has been accepted by
the Servicer, and (d) the balance of the related Purchased Receivable is or has been reduced. 

  
 15 

 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended, or any successor statutes. 
 “Excess Funding Amount” means, for each Settlement Date, the amount (if any) by which
the Funded Amount would exceed the Funding Limit, after giving effect to the determination of (i)(a) the Dilution Reserve Amount, (b) the Mandatory Repurchase Reserve Amount, (c) the Yield Reserve Amount and (d) the Level 4
Reserve Amount, and (ii) the making of all payments, on such Settlement Date. 
 “Excess Funding Reserve Amount” means,
(A) for each Settlement Date prior to the Facility Termination Date, an amount equal to the Excess Funding Amount for such Settlement Date or such higher amount as may be related to the Funding Seller’s request in accordance with
Section 2.2, (B) for each Settlement Date on or following the Facility Termination Date on which the Funded Amount is greater than zero, an amount equal to the lesser of (i) the Excess Funding Reserve Payment Amount and (ii) (a) the
Settlement Date Receivables Balance minus (b) the Mandatory Repurchase Reserve Amount minus (c) the Dilution Reserve Amount minus (d) the Yield Reserve Amount minus (e) the Level 4 Reserve Amount,
and (C) for each other Settlement Date, zero. 
 “Excess Funding Reserve Payment Amount” means, for each Settlement
Date, the Excess Funding Reserve Amount for the immediately preceding Settlement Date (which, for purposes of the first Settlement Date, shall be deemed to have been zero). 

“Excess Level 3A Amount” has the meaning specified in Section 5.3(b)(v). 

“Excess Level 3A Excess Amount” has the meaning specified in Section 5.3(c)(v). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended or supplemented from time to time. 

“Excluded Taxes” means any of the following Taxes (A) imposed on, or with respect to, (i) the Bank Purchasing Agent
or any Bank Purchaser or (ii) only for purposes of Section 3.11, any Special Indemnified Party (as such term is defined therein) or (B) required to be withheld or deducted from a payment to any Purchasing Entity: 

 

	 	(I)	 Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in
each case, imposed as a result of the Bank Purchasing Agent or any Bank Purchaser being organized under the laws of, or having its principal office located in, the jurisdiction imposing such Tax (or any political subdivision thereof); and

  

	 	(II)	 Taxes attributable to any Purchasing Entity’s failure to comply with Section 4.7(b) or 4.7(c).

 For the avoidance of doubt, Excluded Taxes shall not include any Taxes payable by the Purchasing Entities contemplated
by Section 3.11, 9.1(i), 19.8(a) or 19.8(b). 
 “Excluded Receivable” has the meaning specified in Section 2.1(c).

  
 16 

 “Facility Termination Date” means the earliest of (a) the Scheduled
Termination Date, (b) the date upon which the commitment of the Purchaser is terminated pursuant to Section 11.3 or (c) the date upon which the commitment of the Purchaser is terminated in connection with a Termination Event
hereunder. 
 “Factoring Fee” of any Bank Purchaser means the fee payable to the Purchaser for the benefit of such Bank
Purchaser pursuant to Section 4.2. 
 “Factoring Fee Margin” means, for each Bank Purchaser, the amount specified for
such Bank Purchaser in the applicable Fee Letter. 
 “FATCA” means Sections 1471 through 1474 of the Code as of the date of
this Agreement and any regulations or official interpretations thereof (or any amended or successor version thereof), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to
Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or official practices adopted pursuant to any published intergovernmental agreements entered into in connection with the implementation of such Sections of the Code.

 “FATCA Deductions” means any deductions or withholdings required by FATCA from any payments made by the Funding Seller,
the Originators or the Initial Purchaser in connection with this Agreement or any of the other Transaction Documents. 
 “Fee
Letter” means (i) that certain fee letter dated as of the Original Signing Date among the Funding Seller, the Purchaser and the Bank Purchasers and (ii) each other agreement among any of the parties hereto identified as a
“Fee Letter” and entered into in connection herewith, each as amended, restated, supplemented or otherwise modified from time to time. 

“Final Termination Date” means the first date after the Facility Termination Date on which (a) the Funded Amount has been
reduced to zero and (b) all other obligations of the Funding Seller, the Servicer and the Performance Guarantor then payable have been paid in full in cash or otherwise satisfied and (c) all the Receivables previously sold to the Purchaser
have been either paid, written-off by the Servicer or repurchased by the Funding Seller. 

“Fitch” means Fitch Ratings, Inc. 

“Funded Amount” means, for each Settlement Date, (a) (i) the product of (A) the Funding Advance Rate and
(B) the Settlement Date Receivables Balance for such Settlement Date minus (ii) the Deferred Purchase Price as of such Settlement Date or (b) such lesser amount as the Funding Seller may request in accordance with
Section 2.2. 
 “Funding Advance Rate” means, for any Batch, a percentage equal to (a) 100% minus (b) the Discount
Rate for such Batch. 
 “Funding Limit” means $950,000,000, as the same may be increased pursuant to Section 2.13 or
decreased pursuant to Section 2.14. 

  
 17 

 “Funding Seller” shall have the meaning specified in the recitation
preceding the Preamble hereof. 
 “Funding Seller Termination Event” shall have the meaning specified in Section 11.2.

 “Funding Seller’s Fees” means, for any Settlement Date, the sum of the Commitment Fees, the Factoring Fees, the
Administration Fee, all fees payable to Wells Fargo in its capacity as the trustee of the manager of the Purchaser, and all Servicer Fees. 

“Future Dilutions” means with respect to any Purchased Receivable, (other than an EPS Receivable) a Dilution which occurs
following the Collection Period in which such Purchased Receivable is initially billed. 
 “GAAP” means generally accepted
accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board, the American Institute of Certified Public Accountants and the Financial Accounting Standards Board, consistently applied.

 “Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any
self-regulatory organization. 
 “Helaba” has the meaning specified in the recitation preceding the preamble hereof. 

“IASB” means the International Accounting Standards Board. 

“IFRS” means the International Financial Reporting Standards as issued and amended by the IASB. 

“Immediate Write-Off Amount” shall have the meaning specified in Section 5.3.

 “Increased Costs” has the meaning specified in Section 4.4. 

“Indemnified Amounts” has the meaning specified in Section 9.1. 

“Indemnified Party” has the meaning specified in Section 9.1. 

“Indemnified Taxes” means all Taxes that are not Excluded Taxes. 

“Initial Purchase Price” has the meaning specified in Section 2.4(b)(i). 

“Initial Purchaser” has the meaning specified in the Preamble hereof. 

“Intramonth Dilution” means with respect to a Purchased Receivable (other than an EPS Receivable), a Dilution which occurs in
the Collection Period in which such Purchased Receivable is initially billed. 

  
 18 

 “Intramonth Dilution Percentage” means, for any Settlement Date, a
percentage equal to the highest Intramonth Dilution Ratio over the 12 immediately preceding Settlement Dates. 
 “Intramonth Dilution
Ratio” means, for any Settlement Date, a fraction, expressed as a percentage, (a) the numerator of which is the amount of Intramonth Dilutions that occurred during the most recently ended Collection Period, and (b) the
denominator of which is (b) the aggregate Nominal Value of all Receivables sold to the Purchaser hereunder during the most recently ended Collection Period. 

“Intramonth Dilution Amount” means, with respect to each Purchased Receivable, on any Purchase Date, on and following the most
recent Settlement Date an amount equal to the product of (i) the Outstanding Balance of such Purchased Receivable and (ii) the Intramonth Dilution Percentage for such Settlement Date. 

“Invoice” means, with respect to any Receivable, the original bill in relation to such Receivable as issued by an Originator
to the Obligor with respect to such Receivable. 
 “Invoice Date” means, with respect to any Invoice, the date on which such
Invoice was originally issued. 
 “KfW” means KfW IPEX-Bank Gesellschaft mit beschraenkter Haftung and its successors. 

“KfW Guarantee Facility Agreement” means that certain February 2019 Amended and Restated Guarantee Facility Agreement,
dated February 26, 2019, by and among TMUS, the Funding Seller and KfW. 
 “KfW Guarantees” means, collectively,
the KfW Level 3 Guarantee and the KfW Level 3A Guarantee. 
 “KfW Level 3 Guarantee” means
the February 2019 Amended and Restated Level 3 Guarantee provided by KfW to the Bank Purchasers on or about the date hereof in respect of the Funding Seller’s obligations under Section 5.3(b)(iii), as amended, restated, supplemented
or otherwise modified from time to time. 
 “KfW Level 3A Guarantee” means the February 2019 Amended and Restated
Level 3A Guarantee provided by KfW to the Bank Purchasers on or about the date hereof in respect of the Funding Seller’s obligations under Section 5.3(b)(iv), as amended, restated, supplemented or otherwise modified from time to time. 

“KfW Termination Date” means, September 30, 2021. 

“Late Collection” means any Collection received by the Funding Seller, the Servicer and/or any Originator with respect to an
Aged Receivable after such Aged Receivable shall have been transferred to the Funding Seller pursuant to Section 5.1, until such Aged Receivable shall have (i) been paid in full or (ii) become a
Written-Off Receivable. 

  
 19 

 “Level 3 Maximum Amount” means, for any Settlement Date,
the following amount, as may be adjusted from time to time in accordance with the terms hereof: (a) $50,000,000 minus (b) the sum of the amounts by which the Level 3 Maximum Amount was required to be reduced (whether or not such
amounts were actually paid) pursuant to Section 5.3(b)(iii) and Section 5.3(c)(iii) on all prior Settlement Dates plus (c) the aggregate amount of all Recoveries paid to the Funding Seller and the Purchaser pursuant to
Section 5.4(iv) on such Settlement Date and all prior Settlement Dates. 
 “Level 3A Maximum Amount” means, for any
Settlement Date, the following amount, as may be adjusted from time to time in accordance with the terms hereof: (a) $40,000,000 minus (b) the sum of the amounts by which the Level 3A Maximum Amount was required to be reduced
(whether or not such amounts were actually paid) pursuant to Section 5.3(b)(iv) and Section 5.3(c)(iv) on all prior Settlement Dates plus (c) the aggregate amount of all Recoveries paid to the Funding Seller and the Purchaser
pursuant to Section 5.4(iii) on such Settlement Date and all prior Settlement Dates. 
 “Level 4 Reserve
Amount” means, for any Settlement Date, an amount equal to: 
  

	 	(A)	 (i) the Level 4 Reserve Percentage multiplied by (ii) the sum of the Level 4 Reserve Batch
Amounts for the four Collection Periods immediately preceding such Settlement Date; 

 minus 

 

	 	(B)	 the sum of the amounts by which the Level 4 Reserve Amount was required to be reduced pursuant to
Section 5.3(b)(v) and Section 5.3(c)(v) on all prior Settlement Dates; plus 

  

	 	(C)	 the aggregate amount of all Recoveries paid to the Funding Seller pursuant to Section 5.4(ii) on such
Settlement Date and all prior Settlement Dates. 

 “Level 4 Reserve Batch Amount”
means, for each Collection Period Batch, the greater of (A) its Batch Receivables Amount and (B) the amount equal to (i) on and after March 1, 2018 through January 31, 2019, $1,400,000,000, and (ii) on and after
February 1, 2019 $1,600,000,000. 
 “Level 4 Reserve Percentage” means 4.34% as such percentage may
be adjusted from time to time in accordance with the terms hereof. 
 “LIBOR Rate” of any Bank Purchaser means (A) with
respect to Helaba and MUFG, 1-Month LIBOR, and (B) with respect to Autobahn, prior to the May 2018 Settlement Date, 3-Month LIBOR and on and after the May 2018
Settlement Date, 1-Month LIBOR. 
 “Mandatory Repurchase Reserve” means, for any
Batch on each Settlement Date, an amount equal to the Maximum Batch Mandatory Repurchase Amount. 

  
 20 

 “Mandatory Repurchase Reserve Amount” means, (A) for each Settlement
Date prior to the Facility Termination Date, an amount equal to the sum of the Mandatory Repurchase Reserves for (x) for the initial four Settlement Dates, the Closing Date Batch and all Collection Period Batches preceding such
Settlement Date and (y) thereafter, the five Collection Period Batches immediately preceding such Settlement Date, (B) for each Settlement Date on or following the Facility Termination Date on which the Funded Amount is greater than zero,
an amount equal to the lesser of (i) the Mandatory Repurchase Reserve Payment Amount and (ii) the Settlement Date Receivables Balance, and (C) for each other Settlement Date, zero. 

“Mandatory Repurchase Reserve Payment Amount” means, for each Settlement Date, the amount equal to (i) the Mandatory
Repurchase Reserve Amount for the immediately preceding Settlement Date (which, for purposes of the first Settlement Date, shall be deemed to have been the Closing Date Mandatory Repurchase Reserve Amount), minus (ii) the amount equal to
the losses to be borne by the Funding Seller pursuant to Section 5.3(b)(i) on such Settlement Date, minus (iii) the amount of the payment deemed to have been made by the Funding Seller to the Purchaser pursuant to Section 5.1
on such Settlement Date. 
 “Master Receivables Purchase Agreement Side Letter” means that certain side letter dated as of
the Original Signing Date among the parties hereto. 
 “Material Adverse Change” means a material adverse change in, or a
material adverse effect on: 
  

	 	(a)	 the financial condition, assets or business of the Performance Guarantor and its Subsidiaries, taken as a
whole; or 

  

	 	(b)	 the ability of the Funding Seller, the Servicer, the Initial Purchaser, the Performance Guarantor or the
Originators to perform and comply with their respective obligations under any Transaction Document. 

 “Maximum
Batch Mandatory Repurchase Amount” means, with respect to a Batch and a Settlement Date, the following: 
  

	 	(a)	 the product of (i) the Maximum Mandatory Repurchase Percentage for the Collection Period to which such
Batch relates times (ii) its Batch Receivables Amount; minus 

  

	 	(b)	 the aggregate amount of reductions (in connection with the allocation of the Allocated Write-Off Amount and EPS Loss Amounts) that were required to be made to the Mandatory Repurchase Reserve Payment Amount with respect to such Batch on all prior Settlement Dates pursuant to Sections 5.3(b)(i) and
5.3(c)(i). 

 “Maximum Mandatory Repurchase Percentage” means, (i) with respect to the Closing Date
Batch and the Batches related to the first three consecutive Collection Periods following the Closing Cut-Off Date, 2.20%, (ii) with respect to the June 2014 Batch, the July 2014 Batch and the August 2014
Batch, 1.95%, (iii) with respect to the September 2014 Batch until the July 2015 Batch (inclusive), 1.60%, (iv) with respect to the August 2015 Batch until the December 2015 Batch (inclusive), 1.00%, (v) with respect to the January 2016 Batch until
the August 2016 Batch (inclusive), 1.40%, (vi) with respect to the September 2016 Batch until the November 2017 Batch (inclusive), 1.20%, (vii) with respect to the December 2017 Batch until the February 2018 Batch (inclusive), 1.00%, (viii) with
respect to the March 2018 Batch until the July 2018 Batch 

  
 21 

 
(inclusive), 0.90%, (ix) with respect to the August 2018 Batch until the October 2018 Batch (inclusive), 0.60%, and (x) with respect to the November 2018 Batch and each subsequent Batch
thereafter, 0.20%, as amended from time to time pursuant to the provisions of Section 5.5, or any other percentage to which the Funding Seller and the Bank Purchasing Agent may agree in writing from time to time. 

“Maximum Sales Amount” means, $2,150,000,000 or such other amount agreed from time to time between the Funding Seller and the
Bank Purchasing Agent. 
 “Monthly Report” means, collectively, (1) a report in the form of Annex 6 and (2) and a
transmittal document to include additional statistical information setting forth the aggregate Nominal Value of, and the aggregate amount of Dilutions that occurred with respect to, Purchased Receivables that became EPS Receivables during the
related Collection Period and whether such aggregate Nominal Value exceeded $10,000,000. 
 “Moody’s” means
Moody’s Investors Service, Inc., and any successor thereto. 
 “MUFG” means MUFG Bank (Europe) N.V., Germany Branch.

 “Net Batch Amount” means, with respect to a Collection Period, (a) the aggregate Nominal Value of all Receivables
sold to the Purchaser hereunder during such Collection Period minus (b) the aggregate amount of Intramonth Dilutions that occurred during such Collection Period. 

“Nominal Value” means, for any Receivable, the full face amount (i.e., the nominal value) owed by the Obligor of such
Receivable as evidenced by the corresponding Invoice. 
 “Notice of Assignment” means a notice, executed in blank by each
Originator and delivered to the Bank Collections Agent informing the Obligors with respect to Purchased Receivables that such Purchased Receivables have been assigned to the Bank Collections Agent for the benefit of the Bank Purchasers. 

“Obligor” means any Person with respect to whom/which an Originator has originated a claim for payment (receivable) for the
provision of goods and/or services which claim has subsequently been acquired by the Funding Seller pursuant to the Contribution Agreement. 

“Onward Receivables Purchase Agreement” has the meaning specified in the Preamble hereto. 

“Original Signing Date” has the meaning specified in the recitation preceding the preamble hereof. 

“Originator” means each of the parties to the Conveyancing Agreement as “Sellers” thereunder (as such term is
defined therein) from time to time. 
 “Other Corporations” means the T-Mobile Group
other than the Funding Seller. 

  
 22 

 “Outstanding Balance” with respect to any Purchased Receivable, means the
Nominal Value of such Purchased Receivable, after giving effect to (i) all Collections received (or deemed to be received) with respect thereto by the Servicer, the Funding Seller, the Initial Purchaser and/or any Originator, and (ii) all Write-Off amounts with respect thereto; provided that an EPS Receivable shall be deemed to have an Outstanding Balance of zero. 

“Overdue Receivable” means any Purchased Receivable which remains unpaid in whole or in part at any time after its Due Date.

 “Payment Account” means each of the deposit accounts identified and listed as a “Payment Account” in the Master
Receivables Purchase Agreement Side Letter and any successor deposit account, as such list may be supplemented by the Servicer from time to time. 

“Payment Account Bank” means any depositary institution at which a Payment Account is maintained. 

“Performance Guarantee” means the guarantee provided by the Performance Guarantor for the benefit of the Purchaser and the
Bank Purchasers pursuant to Article 19. 
 “Performance Guarantor” means, each of TMUS and TMUSA, jointly and
severally, and in the future, any other Person acting as guarantor pursuant to a Performance Guarantee. 
 “Permitted
Holder” means (i) Deutsche Telekom and (ii) any direct or indirect Subsidiary of Deutsche Telekom. 
 “Periodic
Cost of Funds Rate” means, with respect to any period requested by the Funding Seller pursuant to Section 4.2(c), for Helaba and MUFG, the rate per annum, calculated, in good faith, by such Bank Purchaser, which reflects such
Bank Purchaser’s cost of funding its Ratable Share of the Specified Amount for such period, taking into account such costs and expenses related thereto as it deems appropriate. 

“Person” means an individual, partnership, corporation (including a business trust), joint stock company, limited liability
company, unincorporated association, trust, joint venture or other entity, or a government or any political subdivision or agency thereof. 

“Purchase Date” means, with respect to a Purchased Receivable, the date on which such Purchased Receivable is acquired, or
purported to be acquired, by the Purchaser from the Funding Seller in accordance with the terms of this Agreement. 
 “Purchase
Price” means, with respect to each Purchased Receivable on its Purchase Date, (a) the Outstanding Balance of such Purchased Receivable on such date minus (b) the Discount with respect to such Purchased Receivable. 

“Purchased Receivable” means any Receivable (other than an Excluded Receivable) which has been acquired, or purported to be
acquired, by the Purchaser from the Funding Seller in accordance with the terms of this Agreement. 
 “Purchaser” has the
meaning specified in the recitation preceding the Preamble hereof. 

  
 23 

 “Purchasing Entity” means each of (A) the Purchaser, (B) each of
the Bank Purchasers and (C) the Bank Purchasing Agent. 
 “Ratable Share” has the meaning specified in the Onward
Receivables Purchase Agreement. 
 “Rating Agency” means each of Moody’s, S&P, Fitch and, if any of Moody’s,
S&P or Fitch ceases to exist or ceases to rate the Senior Notes for reasons outside of the control of TMUSA, any other nationally recognized statistical rating organization selected by TMUSA as a replacement agency. 

“Ratings Decline Period” means the period that (i) begins on the earlier of (a) the date of the first public
announcement of the occurrence of a Change of Control or of the intention by TMUSA or a shareholder of TMUSA, as applicable, to effect a Change of Control or (b) the occurrence thereof and (ii) ends 90 days following consummation of such
Change of Control; provided that such period shall be extended for so long as the rating of the Senior Notes of the applicable series, as noted by the applicable Rating Agency, is under publicly announced consideration for downgrade by the
applicable Rating Agency. 
 “Receivable” means any “account” or “general intangible” (as such terms are
defined in the UCC) or other indebtedness or payment obligation of an Obligor, in each case, resulting from the provision or sale of merchandise, goods or services by an Originator, including, without limitation, the right to payment of interest or
finance charges, taxes, delinquency or late-payment charges, delivery charges, extension or collection fees and all other obligations related thereto. 

“Recharacterization” has the meaning specified in Section 2.10. 

“Recoveries” means all Collections with respect to Written-Off Receivables and the
amount of any adjustments made on Written-Off Receivables after they become Written-Off Receivables; provided that the parties agree that (a) tax refunds, whether
in the form of cash or otherwise, with respect to Receivables, and (b) any cash payments (or equivalent) or any other cash proceeds collected on EPS Receivables (including cash proceeds of Related Rights with respect to such EPS Receivables),
shall not constitute Recoveries. 
 “Related Rights” means all of the Funding Seller’s right, title and interest in, to
and under (a) the Transaction Documents, (b) the Collection Account and (c) without limiting the foregoing, with respect to any Receivable, all of the related Originators’, the Initial Purchaser’s and the Funding
Seller’s respective right, title and interest in, to and under: 
  

	 	(A)	 all security interests, hypothecations, reservations of ownership, liens or other adverse claims and property
subject thereto from time to time purporting to secure payment of such Receivable, whether pursuant to the contract pursuant to which such Receivable was originated, together with all financing statements, registrations, hypothecations, charges or
other similar filings or instruments against an Obligor and all security agreements describing any collateral securing such Receivable, if any; 

  
 24 

	 	(B)	 all guarantees, insurance policies and other agreements or arrangements of whatsoever character from time to
time supporting of such Receivable whether pursuant to the contract pursuant to which such Receivable was originated, including any obligation of any party under the Transaction Documents to promptly deposit amounts received in respect of
Collections to an account; 

  

	 	(C)	 all Collections with respect to such Receivable; and 

 

	 	(D)	 all proceeds of the foregoing. 

“Reporting Date” means the fourth Business Day immediately preceding each Settlement Date. 

“Required Amount” means the aggregate of the amounts needed for full payments pursuant to Section 2.7(b)(i)-(vii). 

“Requirement of Law” means, as to any Person, any law, treaty, rule or regulation or determination of an arbitrator or a court
or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Restricted Receivable” means any Receivable which is not freely assignable, which arose under a Contract the terms of which
require notice to, or the consent of, the related Obligor to the assignment of that Receivable or which purports to restrict the ability of the Purchaser or its assignees to exercise their rights under this Agreement, including, without limitation,
their right to review the Contract. 
 “S&P” means S&P Global Ratings, a Standard & Poor’s Financial
Services LLC business and any successor thereto. 
 “Scheduled Termination Date” means the March 2021 Settlement Date. 

“Securitization Obligation” of any Person shall mean the amount outstanding under any securitization transaction or similar off-balance sheet financing product to which such Person is a party, where such transaction is considered borrowed money indebtedness for tax purposes. 

“Securitisation Regulation” has the meaning set forth in Section 7.1(m). 

“Senior Notes” means the senior unsecured notes issued pursuant to the base indenture, dated as of April 28, 2013, among
TMUSA, each of the guarantors party thereto, Deutsche Bank Trust Company Americas, as trustee, as amended, supplemented or otherwise modified from time to time (and any substantially identical notes issued in respect thereof). 

“Servicer” has the meaning specified in the recitation preceding the Preamble hereof. 

“Servicer Event” means a Servicer Replacement Event or a Servicer Termination Event, as applicable. 

  
 25 

 “Servicer Fee” has the meaning specified in Section 4.3. 

“Servicer Replacement Event” has the meaning specified in Section 3.1. 

“Servicer Termination Event” means: 
  

	 	(a)	 any failure by the Servicer to make any payment, transfer or deposit pursuant to this Agreement, which failure
continues unremedied for a period of five (5) days; or 

  

	 	(b)	 failure on the part of the Servicer duly to observe or perform in any material manner any other covenants or
agreements of the Servicer set forth in this Agreement, which continues unremedied for a period of ten (10) days after the first to occur of (i) the date on which written notice of such failure requiring the same to be remedied shall have
been given to the Servicer by the Bank Purchasing Agent or any Bank Purchaser, and (ii) the date on which the Servicer becomes aware thereof; or 

  

	 	(c)	 any representation, warranty or certification made by the Servicer in this Agreement or in any certificate
delivered pursuant hereto shall prove to have been incorrect or untrue in any material respect when made or deemed made which, if capable of cure, continues to be incorrect in any material respect for a period of thirty (30) days after the
first to occur of (i) the date on which written notice of such incorrectness shall have been given to the Servicer by the Bank Purchasing Agent or any Bank Purchaser, and (ii) the date on which the Servicer becomes aware thereof; or

  

	 	(d)	 a Bankruptcy Event shall occur with respect to the Servicer. 

“Settlement Date” means the 12th day of each calendar month, or, if such
day is not a Business Day, the next succeeding Business Day, with the first such Settlement Date being April 14, 2014, or, after the occurrence and continuance of a Termination Event, such other Business Day designated by the Bank Collections
Agent (which, for the avoidance of doubt, may occur with any frequency and more frequently than monthly) pursuant to Section 2.4(d) of the Onward Receivables Purchase Agreement. For the avoidance of doubt, whenever a reference is made herein to
a Settlement Date that is “related to” a Collection Period, the referenced Settlement Date shall be understood to refer to the first Settlement Date to occur after the end of such Collection Period. 

“Settlement Date Receivables Balance” means, for each Settlement Date, an amount equal to (A) the aggregate Outstanding
Balance of all of the Purchased Receivables which are Eligible Receivables as of the last day of the most recently ended Collection Period minus (B) the aggregate Outstanding Balance of all of the Purchased Receivables transferred pursuant to
Section 5.1(a) or 5.1(b) on such Settlement Date. 
 “Special Indemnified Amounts” has the meaning specified in
Section 3.11. 
 “Special Indemnified Party” has the meaning specified in Section 3.11. 

“Specified Amount” has the meaning set forth in Section 4.2(c). 

  
 26 

 “Subject to Defenses” means subject to affirmative or absolute defenses of
any type and based on any grounds, including nullity, voidability, assignability, rights of retention or set-off. 

“Subsidiary” means, with respect to any specified Person (i) any corporation, association or other business entity of
which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency and after giving effect to any voting agreement or stockholders’ agreement that effectively transfers voting
power) to vote in the election of directors, managers or trustees of the corporation, association or other business entity is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that
Person (or a combination thereof); and (ii) any partnership (A) the sole general partner or the managing general partner of which is such Person or a Subsidiary of such Person or (B) the only general partners of which are that Person
or one or more Subsidiaries of that Person (or any combination thereof). 
 “T-Mobile
Group” means each Performance Guarantor, T-Mobile PCS Holdings, the Funding Seller, the Originators and each of the other Affiliates of TMUS, excluding, for the avoidance of doubt, the Purchaser. 

“T-Mobile Information” means, with respect to each Receivable sold hereunder from time
to time, the following: (i) billing account number, (ii) invoice number, (iii) invoice due date, (iv) invoice amount and (v) the related Originator. 

“T-Mobile PCS Holdings” has the meaning specified in the recitation preceding the
Preamble hereof. 
 “Taxes” means any and all present and future taxes, duties, deductions, withholdings, tax liability or
tax commitment amounts, or other charges of any nature imposed by any Governmental Authority, including (A) any and all stamp or documentary taxes or any sales, value-added, goods and services or transfer taxes or similar levies arising from
any payment made under, or in connection with, the Receivables, any of the Related Rights, or the transactions contemplated by any and all of the Transaction Documents and (B) any and all interest, surcharges, additions to tax or penalties
applicable thereto (which taxes, duties, deductions, withholdings or other charges, for the avoidance of doubt, shall include those imposed by the laws of the United States of America, the Federal Republic of Germany and/or any political
subdivisions thereof). 
 “Termination Event” has the meaning specified in Section 11.4. 

“Transaction Documents” means, collectively, the Onward Receivables Purchase Agreement, this Agreement, the Contribution
Agreement, the Conveyancing Agreement, the Account Control Agreement, the KfW Guarantees, each Fee Letter and the Master Receivables Purchase Agreement Side Letter, together with any other agreement or document entered into or delivered by any party
hereto or thereto in connection herewith or therewith, as the same may be amended, supplemented or otherwise modified from time to time. 

“UCC” means the Uniform Commercial Code as in effect in the State of New York; provided that, if, according to
such statute, the effect of the perfection or the non-perfection of the security interest in any property contemplated by this Agreement is governed by the Uniform Commercial Code in effect in a jurisdiction
other than the State of New York, the term “UCC” in that context shall refer to the Uniform Commercial Code as in effect in such jurisdiction. 

  
 27 

 “Unpaid Repurchased Receivable” means any receivable that (A) has been
transferred to the Funding Seller pursuant to Section 5.1, (B) has not yet become a Written-Off Receivable and (C) has not been otherwise paid in full. 

“Unused Part of the Funding Limit” means, for purposes of determining the amount of the Commitment Fees payable pursuant to
Section 4.1 by the Funding Seller to the Purchaser on any Settlement Date, the amount by which the Funding Limit exceeded the Funded Amount on the immediately preceding Settlement Date. 

“USD” or “$” means United States Dollars, the lawful currency of the United States of America. 

“Voting Stock” means, with respect to any specified Person as of any date, the Capital Stock of such Person that is at the
time entitled to vote in the election of the Board of Directors of such Person. 
 “Wells Fargo” means Wells Fargo Delaware
Trust Company, National Association. 
 “Wholly Owned Subsidiary” means, as to any Person, any other Person all of the
Capital Stock of which (other than (a) directors’ qualifying shares and (b) nominal shares issued to foreign nationals to the extent required by applicable Requirement of Law) is owned by such Person directly and/or through other
Wholly Owned Subsidiaries. 
 “Write-Off” means, with respect to any Purchased
Receivable other than an Aged Receivable that has not been repurchased by the Funding Seller in accordance with Section 5.1(b), the portion of the Nominal Value thereof, if any, that has been “written off” in accordance with the
Credit and Collection Policy, and, with respect to an Aged Receivable that has not been repurchased by the Funding Seller in accordance with Section 5.1(b), an amount equal to the product of (A) the Funding Advance Rate times (B) the
Outstanding Balance of such Receivable. 
 “Write-Off Horizon” means, (A) for
each Written-Off Receivable, the number of days (rounded up to the next integral number) between its due date and the date of the applicable Write-Off, and (B) for
each Unpaid Repurchased Receivable, the greater of (i) the number of days (rounded up to the next integral number) that have passed since its due date and (ii) 155. 

“Write-Off Ratio” means, for any Settlement Date, the percentage equivalent of a
fraction, the numerator of which shall be (a) the Outstanding Balance of Purchased Receivables that first became Written-Off Receivables during the immediately preceding Collection Period, and the
denominator of which shall be (b) the Settlement Date Receivables Balance as of the immediately preceding Settlement Date (which, for purposes of the first Settlement Date, shall be deemed to have been the Closing Date Receivables Balance).

 “Written-Off Receivable” means any Purchased Receivable (other than an EPS
Receivable) with regard to which a Write-Off has occurred. 

  
 28 

 “Yield Reserve Amount” means: (A) for each Settlement Date prior to
the Facility Termination Date, an amount equal to the greater of (i) 6 times the aggregate of all of the Funding Seller’s Fees that shall become payable by the Funding Seller to the Purchaser or any other Person during the period beginning on
the day following such Settlement Date and ending on the immediately succeeding Settlement Date and (ii) $3,000,000; (B) for each Settlement Date on or following the Facility Termination Date on which the Funded Amount is greater than zero, an
amount equal to the lesser of (i) the Yield Reserve Payment Amount and (ii) (a) the Settlement Date Receivables Balance minus (b) the Mandatory Repurchase Reserve Amount minus (c) the Dilution Reserve Amount, and
(C) for each other Settlement Date, zero. 
 “Yield Reserve Payment Amount” means, for any Settlement Date, the amount
equal to (i) the Yield Reserve Amount for the immediately preceding Settlement Date (which, for purposes of the first Settlement Date, shall be deemed to have been the Closing Date Yield Reserve Amount) minus (ii) all of the Funding
Seller’s Fees that were payable by the Funding Seller to the Purchaser or any other Person since the immediately preceding Settlement Date. 
  

	1.2	 Construction. The index to and the headings in this Agreement are for ease of reference only and are to
be ignored in construing this Agreement. 

  

	1.3	 Application of Revised Allocation Levels. The parties hereto agree that following any amendment or
revision to the definition of Discount Rate, Funding Advance Rate or Level 4 Reserve Percentage: 

  

	 	(A)	 for any amount whose determination (or calculation) hereunder is based upon the application of the Discount
Rate or the Funding Advance Rate to a particular Batch, to certain Purchased Receivables in a Batch, or to quantities associated with certain Purchased Receivables (including, but not necessarily limited to, Dilutions, Settlement Date Receivables
Balances, Collections, Late Collections and Outstanding Balances), the Discount Rate and the Funding Advance Rate that is associated with such Batch (or related to such Purchased Receivables) when such Batch (or related Purchased Receivables) was
sold by the Funding Seller to the Purchaser hereunder shall apply when making such determination (or calculation), irrespective of the date of when such determination (or calculation) is in fact made; and 

 

	 	(B)	 in the event that an amount to be determined hereunder relates to multiple Batches and varying Discount Rates,
Funding Advance Rates or Level 4 Reserve Percentages, such aggregate amount shall be determined by (1) applying each applicable Discount Rate, Funding Advance Rate or Level 4 Reserve Percentage, as the case may be, separately to the
related Batch or Batches and then (2) aggregating the results obtained by application of the preceding clause. 

  
 29 

	2.	 SALE AND ASSIGNMENT 

 

	2.1	 Sale. 

  

	 	(a)	 On the Closing Date, subject to the terms and conditions of this Agreement, all of the Funding Seller’s
right, title and interest in and to all existing Receivables and associated Related Rights that the Funding Seller, immediately prior to the sale contemplated hereunder, acquired from the Initial Purchaser pursuant to the terms of the Contribution
Agreement on the Closing Date shall be, and hereby are, sold, transferred, assigned, set-over and otherwise conveyed to the Purchaser. 

 

	 	(b)	 After the Closing Date, on each Business Day prior to the Facility Termination Date, all of the Funding
Seller’s right, title and interest in and to all newly created Receivables and associated Related Rights that the Funding Seller, immediately prior to the sales contemplated hereunder, acquires from the Initial Purchaser on each such Business
Day pursuant to the terms of the Contribution Agreement, shall be, and hereby are, sold, transferred, assigned, set over and otherwise conveyed to the Purchaser without any further action by the Funding Seller or any other Person.

  

	 	(c)	 Notwithstanding the foregoing clauses (a) and (b), the Funding Seller may, at any time, cease to sell all
Receivables related to one or more specific CCPCs or one or more Designated States in order to avoid the concentration limits on Eligible Receivables set forth in clauses (t), (u), (v), (cc) or (dd) in Annex 3 being exceeded (each such Receivable,
an “Excluded Receivable”), provided that, at all times, Receivables relating to at least eight Designated States shall not be so excluded. The Funding Seller shall notify each of the Purchasing Entities of any such exclusions and
such exclusions shall remain in effect until the Funding Seller shall otherwise notify the Purchasing Entities. Each such notice shall be given in writing no less than one (1) Business Day prior to the beginning of a Collection Period and shall
be effective, prospectively, from the beginning of the immediately succeeding Collection Period. 

  

	2.2	 Increases or Decreases to the Funded Amount. On any Reporting Date until the Facility Termination Date,
the Funding Seller may provide each of the Purchasing Entities with written notice included within the Monthly Report delivered on such Reporting Date of its request for an increase or a decrease in the Funded Amount (to be effected by a decrease or
increase in the Excess Funding Reserve Amount), which notice shall be irrevocable and shall specify the amount of such requested increase or decrease (which shall not be less than $10,000,000); provided, however, that (A) no such request by the
Funding Seller shall cause either (i) the Funded Amount to be less than 70% or greater than 100% of the Funding Limit or (ii) the Excess Funding Reserve Amount to be less than zero at any time and (B) the Funded Amount shall remain as
requested on the immediately following Settlement Date unless the Funding Seller shall have requested a further increase or decrease in the Funded Amount for such Settlement Date in accordance with this Section 2.2. 

 

	2.3	 (Reserved) 

  

	2.4	 Payment of Purchase Price. 

 

	 	(a)	 The amount payable by the Purchaser to the Funding Seller for each Purchased Receivable shall be the Purchase
Price for such Receivable and associated Related Rights. The Purchase Price for the Receivables and associated Related Rights sold hereunder shall be paid or provided for in the manner provided below on each Business Day. The Funding

  
 30 

	 	
Seller hereby appoints the Servicer as its agent to receive payment of the Purchase Price for Receivables sold by it to the Purchaser hereunder and hereby authorizes the Purchaser to make all
payments due to the Funding Seller directly to, or as directed by, the Servicer. The Servicer hereby accepts and agrees to such appointment. 

  

	 	(b)	 The Purchase Price for each Purchased Receivable and its associated Related Rights purchased by the
Purchaser from the Funding Seller on a Purchase Date shall be paid by the Purchaser as follows: 

  

	 	(i)	 an amount equal to the Purchase Price minus the Intramonth Dilution Amount (the “Initial Purchase
Price”) shall be paid to the extent available for such purpose in accordance with Section 2.6(b), in cash from Collections of Purchased Receivables; 

 

	 	(ii)	 to the extent that the Initial Purchase Price on such Purchase Date exceeds the amount available from
Collections (as contemplated by clause (i) above) on such Purchase Date, the amount of such excess shall be paid by an increase in the deferred payments owed by the Purchaser to the Funding Seller hereunder; and 

 

	 	(iii)	 the amount by which the Purchase Price on such Purchase Date exceeds the Initial Purchase Price on such
Purchase Date (which shall always be an amount equal to the Intramonth Dilution Amount) shall be paid by a further increase in the deferred payments owed by the Purchaser to the Funding Seller hereunder; provided that, notwithstanding any of the
foregoing, the amount of such deferred payments owed by the Purchaser to the Funding Seller, subsequently, shall be reduced (but not to an amount below zero) by the actual amount of the Intramonth Dilutions that shall occur with respect to such
Purchased Receivable during the Collection Period in which such Purchase Date occurs. 

  

	 	(c)	 Following each sale of Receivables, the Funding Seller shall have no retained right, title or interest in the
Purchased Receivables or any rights with respect to the Obligors thereof and will look solely to the Purchaser for payment of amounts payable in accordance with the terms hereof. The Purchaser and the Servicer will apply Collections with respect to
the Receivables in accordance with the terms hereof. 

  

	 	(d)	 The parties hereto agree that the cash component of the Purchase Price of the Receivables paid to the Funding
Seller from time to time shall be allocated, upon receipt, first to payment with of the Purchase Price of Receivables that, at such time, have been appropriately categorized as “earned” by the applicable Originator for accounting purposes.

  

	2.5	 Excess Dilutions; Breaches of Representations. 

 

	 	(a)	 If (i) the product of (A) the aggregate amount of Future Dilutions for any Collection Period and
(B) the Funding Advance Rate exceeds (ii) the Dilution Reserve Amount for the immediately succeeding Settlement Date, the Funding Seller shall deposit into the Collection Account no later than 1:30 p.m. (New York City time) on the
immediately succeeding Settlement Date an amount equal to the lesser of (1) such excess and (2) the 

  
 31 

	 	
difference between (i) the Required Amount minus (ii) the aggregate amount actually deposited (as contemplated by Section 2.6(c)) by the Servicer and the Funding Seller into the
Collection Account with respect to such Settlement Date. 

  

	 	(b)	 In the event that either T-Mobile PCS Holdings is no longer the
Servicer hereunder, or any of the events listed in Section 11.4 hereof shall have occurred, if (i) the product of (A) the aggregate amount of Intramonth Dilutions for any Collection Period and (B) the Funding Advance Rate exceeds
(ii) the aggregate amount of Intramonth Dilution Amounts with respect to Purchased Receivables for such Collection Period, the Funding Seller shall deposit into the Collection Account no later than 1:30 p.m. (New York City time) on the
immediately succeeding Settlement Date an amount equal to the lesser of (1) such excess and (2) the difference between (i) the Required Amount minus (ii) the aggregate amount actually deposited (as contemplated by
Section 2.6(c)) by the Servicer and the Funding Seller into the Collection Account with respect to such Settlement Date. 

  

	 	(c)	 If there is a breach of any representation in Section 6.3 relating to a Purchased Receivable, the Funding
Seller shall deposit cash equal to the Funding Advance Rate times the Outstanding Balance of such Purchased Receivable into the Collection Account no later than 1:30 p.m. (New York City time) on the immediately following Settlement Date.

  

	2.6	 Deposit of Collections. 

 

	 	(a)	 Collection of the Purchased Receivables shall be administered by the Servicer in accordance with the terms of
Article 3 and other terms of this Agreement. 

  

	 	(b)	 During each Collection Period on each Business Day prior to the Facility Termination Date on which Collections
of Purchased Receivables are received by the Servicer, the Servicer shall pay the Initial Purchase Price to the Funding Seller pursuant to Section 2.4(b)(i) from Collections received on such day to the extent any new Receivables have been
acquired by the Funding Seller; provided, however, that such Initial Purchase Price shall not be paid in cash from Collections to the extent that the payment thereof would cause the Servicer not to have sufficient funds to pay the full Required
Amount pursuant to clause (c) below on the next Settlement Date. 

  

	 	(c)	 No later than the 1:30 p.m. (New York City time) on each Settlement Date, the Servicer shall deposit cash in an
amount equal to the Required Amount into the Collection Account to the extent not previously deposited thereto by the Funding Seller pursuant to the terms of this Agreement (subject, prior to the Facility Termination Date, to netting in accordance
with Section 10.3 hereof). On each Business Day prior to the Facility Termination Date, the Servicer shall transfer the Collections not required to be deposited into the Collection Account pursuant to the preceding sentence to the Funding
Seller in partial payment of the amounts owed by the Purchaser to the Funding Seller hereunder. 

  

	 	(d)	 On and after the Facility Termination Date, all Collections shall be deposited by the Servicer into the
Collection Account immediately following a determination that such Collections relate to Purchased Receivables, but in each case within two (2) Business Days after receipt thereof. 

  
 32 

	2.7	 Settlement Date Procedures. 

 

	 	(a)	 On each Settlement Date, the following amounts shall be deposited to the Collection Account by the Purchaser:

  

	 	(i)	 until the Facility Termination Date, the higher of (i) the Funded Amount for such Settlement Date
minus the Funded Amount for the immediately preceding Settlement Date and (ii) zero; and 

  

	 	(ii)	 the amount of all payments required to be made by the Purchaser on such Settlement Date in respect of Immediate
Write-Off Amounts in accordance with Section 5.3(b)(ii) and (iii). 

  

	 	(b)	 All amounts on deposit in the Collection Account shall be applied by the Servicer on each Settlement Date (in
accordance with the Monthly Report provided by the Servicer to the Bank Purchasing Agent prior to such Settlement Date) for the related Collection Period in the following order of priority: 

 

	 	(i)	 to the Servicer in payment of the monthly Servicer Fee; 

 

	 	(ii)	 to Wells Fargo, in payment of any other amounts, including indemnification amounts, payable to it in accordance
with the organizational documents of the Purchaser or the organizational documents of the Purchaser’s manager, Billing Gate One Trust; 

  

	 	(iii)	 to the Purchaser, (A) first, to the payment of the Factoring Fees, and (B) then, to the
payment of the Commitment Fees; 

  

	 	(iv)	 to the Purchaser, (A) the Administration Fee and (B) all indemnities and other amounts payable
by the Funding Seller to any of the Purchasing Entities pursuant to the Transaction Documents; 

  

	 	(v)	 to the Purchaser, an amount equal to the product of (x) the Discount Rate and (y) the Collections on
Purchased Receivables owned by the Purchaser during the most recently ended Collection Period; 

  

	 	(vi)	 to the Purchaser, an amount equal to the product of (x) the Discount Rate and (y) the amount of all
Late Collections that occurred during the most recently ended Collection Period; 

  

	 	(vii)	 if the Funded Amount for such Settlement Date is less than the Funded Amount for the immediately preceding
Settlement Date, the amount of such decrease in the Funded Amount (excluding a decrease in the Funded Amount pursuant to Section 5.3(b)(vi)) to the Purchaser; and 

  
 33 

	 	(viii)	 the remainder, if any, to the Funding Seller. 

 

	 	(c)	 Immediately upon the application of the payments disbursed pursuant to Sections 2.7(b)(v) and 2.7(b)(vi) above,
the Bank Purchasing Agent shall increase the Discount Ledger Balance by such amounts. Following the Final Termination Date, any amounts relating to the Discount Ledger Balance shall be retained by the Purchaser in accordance with this Agreement.

  

	 	(d)	 The Servicer shall make available the amounts due to the Purchaser pursuant to Section 2.7(b) by
wire transfer in U.S. dollars in same day funds to the accounts designated by the Bank Purchasing Agent no later than 3:00 p.m. (New York City time) on the related Settlement Date. 

 

	2.8	 UCC Filings. 

  

	 	(a)	 On or before the date hereof, the Funding Seller shall cause to be filed: 

 

	 	(i)	 with the Secretary of State of Delaware, a UCC financing statement, naming the Funding Seller as debtor, the
Purchaser as secured party, and the Bank Collections Agent as the assignee of the secured party; 

  

	 	(ii)	 with respect to each Originator, with the Secretary of State of the state in which such Originator is organized
or otherwise “located” for purposes of the UCC, a UCC financing statement, naming such Originator as debtor, the Initial Purchaser as secured party, and the Funding Seller as the assignee of the secured party; and 

 

	 	(iii)	 with respect to each Originator, with the Secretary of State of the state in which such Originator is organized
or otherwise “located” for purposes of the UCC, UCC Amendments (Form UCC-3) assigning each UCC financing statement described in the foregoing clause (ii) to the Purchaser as the assignee of the
Funding Seller, to the Bank Purchasing Agent as the assignee of the Purchaser; 

 in each case as may be necessary or
desirable under the UCC in order to perfect the respective interests of the Purchaser and the Bank Collections Agent in the Receivables sold, or purported to be sold, by the Funding Seller to the Purchaser hereunder. 

 

	 	(b)	 The Funding Seller hereby irrevocably authorizes the Bank Collections Agent to file all such UCC financing
statements (and amendments thereto and continuations thereof) and agrees to cooperate with the Bank Collections Agent in providing the necessary documents, signatures or further consents reasonably required therefor. If any further declarations or
action be required to perfect the sale, assignment and transfer of the Receivables in accordance with this Agreement, the Funding Seller shall, at the Bank Collections Agent’s request, make any such declarations or take any such action.

  

	 	(c)	 The Funding Seller (and the Servicer) are hereby authorized to file all necessary UCC financing statements (and
amendments thereto and continuations thereof) and UCC termination statements, in each case in form and substance satisfactory to the Bank Collections Agent, to reflect the transfers of Aged Receivables,
Written-Off Receivables and Purchased Receivables from the Purchaser to the Funding Seller permitted hereunder. 

  
 34 

	2.9	 Responsibilities. The parties hereto agree that: 

 

	 	(a)	 except as expressly contemplated by this Agreement, the Funding Seller shall have no liability with respect to
any Purchased Receivable; 

  

	 	(b)	 subject to and in accordance with Article 3, the Servicer shall be responsible for the servicing and collection
of Purchased Receivables on behalf of each of the Bank Purchasers in accordance with the terms hereof; 

  

	 	(c)	 except as may be expressly permitted by this Agreement, the Purchaser shall not notify any Obligor of the sale
and assignment of the Receivable made under this Agreement; it being understood that the disclosure of this Agreement or the existence of this Agreement to the public generally shall not constitute such a notification; 

 

	 	(d)	 in the event that the Purchaser wishes to sell, transfer or assign all or part of the Purchased Receivables to
a third party prior to the Facility Termination Date, the Purchaser shall offer the Funding Seller a right of first refusal to purchase such Purchased Receivables at a purchase price equal to the greater of (a) the price at which the Purchaser
has agreed to sell such Purchased Receivables or (b) an amount equal to the (i) the Funding Advance Rate times (ii) the Outstanding Balance of such Purchased Receivables; provided, however, that the Purchaser may sell undivided
percentage interests in the Purchased Receivables and Related Rights to the Bank Purchasers pursuant to the Onward Receivables Purchase Agreement without initiating such right of first refusal if the Bank Purchasers agree to grant a similar right of
first refusal to the Funding Seller with respect to any subsequent sale of such Purchased Receivables; 

  

	 	(e)	 the Purchaser shall have the sole right to retain any gains or profits created by buying, selling or holding
the Purchased Receivables; and except as otherwise expressly contemplated by this Agreement, the Purchaser shall have the sole risk of, and responsibility for, losses or damages created by such buying, selling or holding of such Purchased
Receivables; 

  

	 	(f)	 except as otherwise expressly contemplated by this Agreement, the sale and purchase of Purchased Receivables
under this Agreement shall be without recourse to the Funding Seller; it being understood that the Funding Seller shall be liable to the Purchaser for all representations, warranties, covenants and indemnities made by the Funding Seller pursuant to
the terms of this Agreement, all of which obligations are, except as otherwise expressly contemplated by this Agreement, limited so as not to constitute recourse to the Funding Seller for the credit risk of the Obligors; and 

 

	 	(g)	 the Purchaser shall have no obligation or liability to any Obligor (including any obligation to perform any of
the obligations of the Originators under any Receivable, related contracts or any other related purchase orders or other agreements). No such obligation or liability is intended to be assumed by the Purchaser hereunder, and any assumption is
expressly disclaimed. 

  
 35 

	2.10	 Intention of the Parties. It is the intention of the parties hereto that the sale of the Purchased
Receivables hereunder shall constitute a “sale of accounts”, as such term is used in Section 9-109(a) of the UCC and therefore this Agreement is intended to create a “security
interest” in the Purchased Receivables within the meaning of the UCC in favor of the Purchaser. The Funding Seller and the Purchaser intend the sales of Purchased Receivables hereunder to be considered to be “true sales” of the
Purchased Receivables and Related Rights by the Funding Seller to the Purchaser that (A) shall constitute irrevocable, absolute transfers of the same by the Funding Seller to the Purchaser and (B) provide the Purchaser with the full
benefits of ownership of the Purchased Receivables and Related Rights. If, notwithstanding such intent, any Purchased Receivables or Related Rights are determined to be property of the Funding Seller’s estate and the conveyance of such property
hereunder shall be characterized as a loan secured by such property (any of the foregoing being referred to herein as a “Recharacterization”), then (i) this Agreement also shall be deemed to be, and hereby is, a “security
agreement” within the meaning of the UCC, and (ii) the conveyance by the Funding Seller provided for in this Agreement shall be deemed to be a grant by the Funding Seller to the Purchaser, and the Funding Seller hereby grants to the
Purchaser, a security interest in, to and under all of the Funding Seller’s right, title and interest in, to and under the Purchased Receivables and Related Rights conveyed by the Funding Seller to the Purchaser, hereunder, whether now or
hereafter existing or created, to secure (1) the rights of the Purchaser hereunder, (2) a loan by the Purchaser to the Funding Seller in the amount of the Funded Amount from time to time and (3) without limiting any of the foregoing,
the payment and performance of the obligations (whether monetary or otherwise) from time to time owing by the Funding Seller to the Purchaser hereunder. The Funding Seller shall take such actions as may be necessary to ensure that a security
interest in such Purchased Receivables will be a perfected security interest of first priority in favor of the Purchaser under the UCC and all other applicable law and shall be maintained as such throughout the term of this Agreement. If a
Recharacterization were to occur, after the occurrence of any Termination Event, the Purchaser and its permitted assignees (including the Bank Collections Agent, to the extent contemplated by the Onward Receivables Purchase Agreement) shall have, in
addition to the rights and remedies contemplated by this Agreement and the other Transaction Documents, all other rights and remedies against the Funding Seller and the Originators provided to a secured creditor under the UCC and other applicable
law, and the parties hereto agree that each remittance of Collections to the Purchaser hereunder shall be, or have been, in payment of debt incurred by the Funding Seller in the ordinary course of its business. 

 

	2.11	 Tax Treatment. Notwithstanding anything to the contrary contained herein, the Funding Seller and the
Purchaser agree that, except as otherwise required by applicable law, the transfer of the Purchased Receivables and Related Rights by the Funding Seller to the Purchaser shall be treated as a loan to the Funding Seller of the proceeds of such
transfer for U.S. federal income tax purposes and state or local income tax and transactional tax purposes. 

  

	2.12	 Records. The Funding Seller shall mark its accounting records regarding the Purchased Receivables
conveyed by it hereunder to indicate the sale, transfer, set-off and assignment of the Purchased Receivables to the Purchaser. 

  
 36 

	2.13	 Increase in Funding Limit. The Funding Seller may, at any time and from time to time, request in
writing, with a copy to each of the Purchasing Entities, that the Bank Purchasers increase the Funding Limit (a “Funding Limit Increase Request”), provided that: 

 

	 	(a)	 any such requested increase shall be in an amount not less than $20,000,000 and would not, if effected, cause
the Funding Limit to exceed $950,000,000; 

  

	 	(b)	 each Bank Purchaser shall make a determination whether or not to accept any request to increase the Funding
Limit and shall notify the Funding Seller and the other Purchasing Entities in writing of such determination within thirty (30) Business Days of receipt of a Funding Limit Increase Request; and 

 

	 	(c)	 if any Bank Purchaser fails to so notify the Funding Seller or the Bank Purchasing Agent, such Bank Purchaser
shall be deemed to have refused to consent to such Funding Limit Increase Request. 

  

	2.14	 Decrease in Funding Limit. The Funding Seller may, at any time and from time to time, request in
writing, with a copy to each of the Purchasing Entities, that the Bank Purchasers decrease the Funding Limit (a “Funding Limit Decrease Request”); provided that no such requested decrease shall be in an amount less than $10,000,000
and the aggregate of all of such requested decreases shall not exceed 20% of the greatest Funding Limit at any time since the Closing Date. Any such decrease shall take effect on the Settlement Date following such Funding Limit Decrease Request.

  

	3.	 SERVICING OF PURCHASED RECEIVABLES 

 

	3.1	 Appointment of Servicer. The servicing, administration and collection of the Purchased Receivables shall
be conducted by the Servicer so designated hereunder from time to time. Until either of the Co-Agents gives prior notice to the Funding Seller and the other Co-Agent of
the designation of a new Servicer in accordance with the terms hereof, T-Mobile PCS Holdings is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the
terms hereof. Each of (i) the Bank Collections Agent, at any time after the occurrence of a Servicer Termination Event, and (ii) the Bank Purchasing Agent, following receipt by the Funding Seller of three months’ prior written notice
of the Bank Purchasing Agent’s election to designate a new Servicer (an event under this clause (ii), a “Servicer Replacement Event”), may designate as Servicer any Person (including, in each case, either of the Co-Agents) to succeed T-Mobile PCS Holdings or any successor Servicer, if such Person shall consent and agree to the terms hereof, and so long as such Person is not a
Competitor. The Servicer may subcontract with an Affiliate of the Servicer for the servicing, administration or collection of the Purchased Receivables. Any such subcontract shall not affect the Servicer’s liability for performance of its
duties and obligations pursuant to the terms hereof. Any termination of the Servicer shall also terminate such subcontract. 

  
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	3.2	 Servicing of Receivables; Standard of Care. 

 

	 	(a)	 The Servicer shall take or cause to be taken all such actions as may be necessary or advisable to collect each
Purchased Receivable from time to time, all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, and in accordance with the Credit and Collection Policy. The Funding Seller and the Purchaser hereby appoint
the Servicer, from time to time designated pursuant to Section 3.1, as agent for themselves to enforce their respective rights and interests in the Purchased Receivables and the Related Rights. In performing its duties as Servicer, the Servicer
shall exercise the same care and apply the same policies as it would exercise and apply if it owned such Purchased Receivables. 

  

	 	(b)	 If no Termination Event shall have occurred and be continuing, the Servicer, may, in accordance with the Credit
and Collection Policy, extend the maturity or adjust the Outstanding Balance or otherwise modify the payment terms of any Purchased Receivable as it deems appropriate; provided that such modification shall not (i) modify or alter the status of
any Purchased Receivable as an Aged Receivable or Delinquent Receivable or (ii) limit the rights of the Purchaser, the Bank Collections Agent or the Bank Purchasing Agent. Notwithstanding anything to the contrary in this Agreement, a Purchased
Receivable which has become an EPS Receivable shall not be considered an Aged Receivable or a Delinquent Receivable for purposes of this Agreement. The Servicer shall not permit any Purchased Receivable to become an EPS Receivable if, during any
Collection Period, the aggregate Nominal Value of Purchased Receivables that become EPS Receivables during such Collection Period would exceed $10,000,000 unless the Servicer has issued the EPS Cap Increase Notice to each of the Purchasing Entities
by no later than the Reporting Date related to such Collection Period. If an EPS Cap Increase Notice has been issued by the Servicer, such $10,000,000 limit for EPS Receivables shall be increased to $20,000,000 and the Discount Rate shall be
increased by 0.09%, effective as of the first day of the Collection Period in which the aggregate Nominal Value of Purchased Receivables that became EPS Receivables exceeded $10,000,000. Any failure of the Servicer to issue an EPS Cap Increase
Notice on or before such Reporting Date related to a Collection Period during which the $10,000,000 EPS limit was exceeded specifying such increase in the Discount Rate shall be deemed a failure to perform in a material manner a term contained in
this Agreement for purposes of Section 11.4(c). The Servicer will include the amount of EPS Receivables with respect to each Collection Period in the related Monthly Report. In the event of an increase of the EPS limit to $20,000,000, (i) the
Servicer shall thereafter be required to determine the amount of Purchased Receivables which become EPS Receivables no less frequently than weekly and (ii) any breach of the $20,000,000 EPS limit during any Collection Period shall be deemed a
failure to perform in a material manner a term contained in this Agreement for purposes of Section 11.4(c). 

  

	 	(c)	 The Servicer shall, as soon as practicable following receipt, turn over to the owner thereof any cash
collections or other cash proceeds received with respect to receivables not constituting Purchased Receivables. 

  

	 	(d)	 The Funding Seller, the Initial Purchaser and the Originators shall perform their respective obligations under
the Contracts related to the Purchased Receivables to the same extent as if Purchased Receivables had not been sold and the exercise by the Purchaser of its rights under this Agreement shall not release the Servicer, any Originator, the Initial
Purchaser or the Funding Seller from any of their duties or obligations with respect to any Purchased 

  
 38 

	 	
Receivables or related Contracts. The Purchaser shall have no obligation or liability with respect to any Purchased Receivables or related Contracts, nor shall it be obligated to perform the
obligations of the Funding Seller, the Initial Purchaser or the Originators thereunder. 

  

	 	(e)	 Subject to Section 3.2(b), the Servicer shall not, without the prior written consent of the Bank
Purchasing Agent, make any change to its Credit and Collection Policy that would have a material adverse effect on the Bank Purchasers or the credit quality of the Purchased Receivables. 

 

	3.3	 Reporting. 

  

	 	(a)	 On or before each Reporting Date, the Servicer shall prepare and forward to each of the Purchasing Entities a
Monthly Report relating to the Purchased Receivables outstanding on the last day of the immediately preceding Collection Period. 

  

	 	(b)	 On or before each Reporting Date, the Servicer shall prepare and provide to the Bank Purchasing Agent the T-Mobile Information relating to the Purchased Receivables outstanding on the last day of the immediately preceding Collection Period. The parties hereto acknowledge and agree that such T-Mobile Information shall be maintained by the Bank Purchasing Agent in the United States of America and such T-Mobile Information may be viewed, but cannot be shared or
distributed outside the United States of America. 

  

	3.4	 Cooperation of the Funding Seller, the Initial Purchaser, and the Originators. The Funding Seller will,
and will cause each of the Initial Purchaser and the Originators to, from time to time, at its own expense, promptly execute and deliver all further instruments and documents and take all further actions that may be reasonably necessary or
desirable, or that the Bank Collections Agent may reasonably request, to perfect, protect or more fully evidence the transfers and/or ownership of the Purchased Receivables under the Transaction Documents, or to enable the Purchaser to exercise and
enforce its rights and remedies hereunder. 

  

	3.5	 Rights of the Co-Agents following a Servicer Event.

  

	 	(a)	 At any time after a Servicer Termination Event, unless the Final Termination Date has occurred:

  

	 	(i)	 the Bank Collections Agent may direct the Obligors of Purchased Receivables that all payments thereunder be
made directly to the Purchaser or one or more of the other Purchasing Entities (as directed by the Bank Collections Agent); 

  

	 	(ii)	 at the Funding Seller’s expense, the Bank Collections Agent may, and, at the request of the Bank
Collections Agent, the Servicer shall, deliver a Notice of Assignment to each Obligor of Purchased Receivables and direct that payments be made directly to the Purchaser or any Person or Persons otherwise acceptable to the Bank Purchasers; and

  
 39 

	 	(iii)	 after the replacement of T-Mobile PCS Holdings as Servicer, at the Bank
Collections Agent’s request and at the Funding Seller’s expense, the Funding Seller and the Servicer shall (x) assemble all of the documents, instruments and other records (including, without limitation, computer tapes and disks) that
evidence or relate to the Purchased Receivables and the related Contracts and Related Rights, or that are otherwise necessary or desirable to collect the Purchased Receivables, and shall make the same available to the Purchaser and the Bank
Collections Agent at a place selected by the Bank Collections Agent, (y) segregate all cash, checks and other instruments received by it from time to time constituting Collections of Purchased Receivables in a manner acceptable to the Bank
Collections Agent, and (z) promptly upon receipt, remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to the Purchaser or one or more of the other Purchasing Entities (as directed by the
Bank Collections Agent). 

  

	 	(b)	 At any time before a Servicer Termination Event but after a Servicer Replacement Event, unless the Final
Termination Date has occurred: 

  

	 	(i)	 the Bank Purchasing Agent may direct the Obligors of Purchased Receivables that all payments thereunder be made
directly to the Purchaser or one or more of the other Purchasing Entities (as directed by the Bank Purchasing Agent); 

  

	 	(ii)	 at the Funding Seller’s expense, the Bank Purchasing Agent may, and, at the request of the Bank Purchasing
Agent, the Servicer shall, deliver a Notice of Assignment to each Obligor of Purchased Receivables and direct that payments be made directly to the Purchaser or any Person or Persons otherwise acceptable to the Bank Purchasers; and

  

	 	(iii)	 after the replacement of T-Mobile PCS Holdings as Servicer, at the Bank
Purchasing Agent’s request and at the Funding Seller’s expense, the Funding Seller and the Servicer shall (x) assemble all of the documents, instruments and other records (including, without limitation, computer tapes and disks) that
evidence or relate to the Purchased Receivables and the related Contracts and Related Rights, or that are otherwise necessary or desirable to collect the Purchased Receivables, and shall make the same available to the Purchaser and the Bank
Purchasing Agent at a place selected by the Bank Purchasing Agent, (y) segregate all cash, checks and other instruments received by it from time to time constituting Collections of Purchased Receivables in a manner acceptable to the Bank
Purchasing Agent, and (z) promptly upon receipt, remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to the Purchaser or one or more of the other Purchasing Entities (as directed by the Bank
Purchasing Agent). 

  

	3.6	 Rights of the Bank Collections Agent following a Termination Event. 

 

	 	(a)	 The Bank Collections Agent is authorized at any time after the occurrence of a Termination Event to deliver to
the Collection Account Bank the notice of effectiveness provided for in the Account Control Agreement. The Funding Seller hereby transfers to the 

  
 40 

	 	
Bank Collections Agent the exclusive control of the Collection Account, subject only to the Bank Collections Agent’s delivery of such notice of effectiveness. The Funding Seller shall take
any actions reasonably requested by the Bank Collections Agent to effect such transfer of control of the Collection Account to the Purchaser. All amounts in the Collection Account will be distributed on each Settlement Date in accordance with
Section 2.7. 

  

	 	(b)	 Following a Termination Event, the Funding Seller authorizes the Bank Collections Agent to take any and all
steps in the Funding Seller’s name and on behalf of the Funding Seller that are necessary or desirable, in the determination of the Bank Collections Agent, to collect amounts due under the Purchased Receivables to the Bank Purchasers under the
Onward Receivables Purchase Agreement, including, without limitation, endorsing the Funding Seller’s name on checks and other instruments representing Collections of Purchased Receivables and enforcing the Purchased Receivables and the Related
Rights. 

  

	3.7	 Periodic Audits by the Bank Purchasing Agent. 

 

	 	(a)	 The Servicer will, and will cause each of the Initial Purchaser and each of the Originators to, from time to
time during regular business hours as may be reasonably requested by the Bank Purchasing Agent or any Bank Purchaser, permit the Bank Purchasing Agent or such Bank Purchaser: 

 

	 	(i)	 to conduct periodic audits of the Purchased Receivables, the Related Rights and the related books and records
and collections systems of the Servicer, the Funding Seller, the Initial Purchaser and the Originators, provided that information relating to specific Receivables shall be limited to the T-Mobile Information;

  

	 	(ii)	 upon reasonable prior notice, to examine all books, records and documents (including, without limitation,
computer tapes and disks) in the possession or under the control of the Servicer, the Funding Seller, the Initial Purchaser or the Originators relating to Purchased Receivables and the Related Rights, including, without limitation, the Contracts,
provided that information relating to specific Receivables shall be limited to the T-Mobile Information; and 

  

	 	(iii)	 upon reasonable prior notice, to visit the offices and properties of the Servicer, the Funding Seller, the
Initial Purchaser or the Originators for the purpose of examining such materials described in Section 3.7(a)(ii) above, and to discuss matters relating to Purchased Receivables and the Related Rights or the Servicer’s performance hereunder
with any of the officers or employees of the Servicer, the Funding Seller, the Initial Purchaser or the Originators having knowledge of such matters; provided that, unless a Termination Event shall have occurred and be continuing, neither the
Funding Seller nor the Servicer shall be liable for the cost of any of the actions contained in this Section 3.7(a)(iii) more often than once every twelve months. 

  
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	 	(b)	 The Servicer shall assist each Bank Purchaser (including its auditors and supervisory authorities, which may
include the Bundesanstalt für Finanzdienstleistungsaufsich) and provide them with information readily available to the Servicer upon a reasonable request, subject to applicable data protection laws and banking secrecy duty, provided that
information with respect to any individual Receivables shall be limited to the T-Mobile Information. 

  

	3.8	 Accountant’s Report. Upon request by the Bank Purchasing Agent or any of the Bank Purchasers
(which, at any time prior to the occurrence of a Termination Event, shall be no more frequent than once every twelve months and may be performed contemporaneously with the annual audit of the Funding Seller), the Funding Seller shall at its expense
appoint independent public accountants (which may be the audit firm of the Performance Guarantor) to prepare and deliver to the Bank Purchasing Agent a written report with respect to the Purchased Receivables and the Credit and Collection Policy
(including, in each case, the systems, procedures and records relating thereto) of a scope substantially as described on Annex 7 attached hereto with such changes as may be reasonably requested by the Bank Purchasing Agent and in the format to be
agreed between the Bank Purchasing Agent and the Funding Seller. 

  

	3.9	 Payment of Taxes. The Servicer will, and will cause each Originator to, pay all sales, excise or other
taxes with respect to the Purchased Receivables to the applicable taxing authority when due, and will, upon the request of the Bank Purchasing Agent or any Bank Purchaser, provide it with evidence of such payment. 

 

	3.10	 Segregation of Collections. From and after the occurrence, and during the continuation, of a Termination
Event, the Servicer shall cause all Collections with respect to the Purchased Receivables to be deposited to deposit accounts of the Servicer or of the related Originator which contain no cash other than Collections of Purchased Receivables and
collections of other Receivables. The Servicer shall, within 2 Business Days of their receipt, identify all Collections received into such deposit accounts and shall deposit such Collections to the Collection Account. The Servicer shall not transfer
any funds, and shall not permit any funds to be transferred, out of such deposit accounts and shall not allow such funds to be commingled with any other cash prior to the identification of such funds as Collections or otherwise.

  

	3.11	 Servicer Indemnity. Without limiting any other rights that any of the Purchasing Entities or any of
their respective Affiliates or agents (each, a “Special Indemnified Party”) may have hereunder or under applicable law, and in consideration of its appointment as Servicer, the Servicer hereby agrees to indemnify each Special
Indemnified Party from and against any and all claims, damages, costs, expenses, losses and liabilities (including reasonable attorneys’ fees) (all of the foregoing being collectively referred to as “Special Indemnified
Amounts”) arising out of or resulting from any of the following, excluding, however, (a) Special Indemnified Amounts to the extent resulting from gross negligence or willful misconduct on the part of a Special Indemnified Party,
(b) recourse for uncollectible Receivables and (c) any Excluded Taxes: 

  
 42 

	 	(a)	 any representation or warranty or statement made by the Servicer under or in connection with this Agreement or
the Transaction Documents that shall have been incorrect in any material respect when made or deemed made; 

  

	 	(b)	 the failure by the Servicer to comply with any applicable law, rule or regulation with respect to any Purchased
Receivable or Contract, including payment of all unpaid sales, excise or other taxes when due; 

  

	 	(c)	 any failure of the Servicer to perform its duties or obligations in accordance with the provisions of this
Agreement; 

  

	 	(d)	 the commingling of Collections of Purchased Receivables at any time by the Servicer with other funds;

  

	 	(e)	 any action or omission by the Servicer not in compliance with the Credit and Collection Policy that has the
effect of reducing or impairing the rights of any of the Purchasing Entities with respect to any Purchased Receivable or the value of any Purchased Receivable; 

 

	 	(f)	 any claim brought by any Person arising from any activity by the Servicer or its Affiliates in servicing,
administering or collecting any Purchased Receivable; or 

  

	 	(g)	 any dispute, claim, offset or defense of the Obligor to the payment of any Purchased Receivable as a result of
the collection activities with respect to such Purchased Receivable by the Servicer. 

  

	3.12	 Representations of the Servicer. The Servicer hereby represents and warrants to each of the Purchasing
Entities that, as of the date hereof and each Purchase Date: 

  

	 	(a)	 the Servicer (i) is a limited liability company duly organized, validly existing and in good standing
under the laws of the State of Delaware, (ii) is duly qualified to do business and (iii) has all corporate or other organizational power and all licenses, authorizations, consents, approvals and qualifications, of and from all third
parties required to execute and deliver and perform its obligations under the Transaction Documents to which it is a party and to carry on its business in each jurisdiction in which its business is now conducted except where the failure to so
qualify could not be expected to have a material adverse effect on the Servicer’s ability to perform its duties or obligations with respect to the Purchased Receivables; 

 

	 	(b)	 the execution, delivery and performance by the Servicer of this Agreement and any other Transaction Document to
which it is a party, (i) are within the Servicer’s corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) do not, with respect to execution and delivery, and will not, with respect to the
performance of its obligations, contravene or constitute a default under (A) the Servicer’s organic documents, (B) any applicable law, (C) any contractual restriction binding on or affecting the Servicer or its property or
(D) any order, writ, judgment, award, injunction or decree binding on or affecting the Servicer or its property; 

  

	 	(c)	 each Transaction Document to which the Servicer is a party has been duly executed and delivered by the
Servicer; 

  
 43 

	 	(d)	 no authorization, approval, license, consent, qualification or other action by, and no notice to or filing or
registration with, any governmental body or agency or official thereof or any third party is required for the due execution, delivery and performance by the Servicer of this Agreement or any other Transaction Document to which the Servicer is
a party or any other document to be delivered by the Servicer hereunder or thereunder, all of which have been duly made or taken, as the case may be, and are in full force and effect; 

 

	 	(e)	 each Transaction Document to which the Servicer is a party constitutes the legal, valid and binding obligations
of the Servicer enforceable against the Servicer in accordance with its terms, subject to any limitation on the enforceability thereof against the Funding Seller arising from the application of any applicable bankruptcy law or by general principles
of equity (regardless of whether enforcement is sought in a proceeding in equity or at law); 

  

	 	(f)	 (i) there are no actions, suits, investigations by any governmental body or agency, litigation or proceedings
at law or in equity or by or before any governmental body or agency or in arbitration now pending, or credibly threatened, against or affecting the Servicer or any of its businesses, properties or revenues that could reasonably be expected to result
in a Material Adverse Change; and (ii) the Servicer is not in default or violation of any order, judgment or decree of any governmental body or agency or arbitrator that could reasonably be expected to result in a Material Adverse Change;

  

	 	(g)	 no Bankruptcy Event has occurred with respect to the Servicer; 

 

	 	(h)	 the Servicer (i) is not overdue in the filing of any income tax returns or any other material tax returns
required to be filed; and (ii) has made adequate provision for the payment of all income taxes and all other material taxes, assessments and other government charges; 

 

	 	(i)	 the Servicer has the capability to identify each Purchased Receivable sold and assigned hereunder on a daily
basis and the Collections received with respect thereto within 2 Business Days after receipt; 

  

	 	(j)	 the Servicer has not breached any laws applicable to it or its business or property that could reasonably be
expected to result in a Material Adverse Change; 

  

	 	(k)	 each Monthly Report, information, exhibit, financial statement, document, book, record or report furnished at
any time by or on behalf of the Servicer to the Purchaser or the Bank Purchasing Agent in connection with this Agreement is true, complete and accurate in all material respects as of its date or as of the date so furnished, and, as of such date, no
such document contains any untrue statement of a material fact or (taken as a whole) omits to state a material fact necessary in order to make the statements contained therein, in the light of the circumstances under which they were made, not
misleading; 

  

	 	(l)	 each Purchased Receivable is an Eligible Receivable as of its Purchase Date; 

 

	 	(m)	 all sales, excise or other taxes with respect to the goods, insurance or services that are the subject of any
Contract for a Purchased Receivable have been paid as and when due unless such amounts are being disputed in good faith; and 

  
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	 	(n)	 the name and address of the Payment Account Banks, together with the account names and numbers of the Payment
Accounts, are specified in the Master Receivables Purchase Agreement Side Letter or a supplement thereto. 

  

	4.	 FEES AND PAYMENTS; INCREASED COSTS; SET-OFF

  

	4.1	 Commitment Fees. On the January 2017 Settlement Date and each subsequent Settlement Date thereafter, the
Purchaser, for the benefit of each Bank Purchaser, shall be entitled to receive from Collections a commitment fee in an amount equal to the product of (a) such Bank Purchaser’s Commitment Fee Rate, (b) such Bank Purchaser’s
Ratable Share of the Unused Part of the Funding Limit as of such Settlement Date, and (c) a fraction, (i) the numerator of which is the actual number of days elapsed during the most recently ended Accrual Period and (ii) the
denominator of which is 360. 

  

	4.2	 Factoring Fees. 

 

	 	(a)	 On the May 2018 Settlement Date and each subsequent Settlement Date thereafter until the Settlement Date
specified in a notice given pursuant to subsection 4.2(b) or subsection 4.2(c) with respect to a specific Bank Purchaser, the Purchaser, for the benefit of each Bank Purchaser, shall be entitled to receive from Collections a fee in an amount equal
to the product of (a) such Bank Purchaser’s Cost of Funds Rate for the immediately preceding Accrual Period plus such Bank Purchaser’s Factoring Fee Margin in effect during such Accrual Period, (b) such Bank Purchaser’s
Ratable Share of the Funded Amount on the immediately preceding Settlement Date and (c) a fraction, (i) the numerator of which is the actual number of days that elapsed during the most recently ended Accrual Period and (ii) the
denominator of which is 360. 

  

	 	(b)	 In the event that the Cost of Funds Rate for Helaba or MUFG is more than the Acceptable Differential in excess
of the LIBOR Rate for such Bank Purchaser, the Funding Seller may give irrevocable notice to such Bank Purchaser that it wishes to base future payments of the Factoring Fee on the LIBOR Rate for such Bank Purchaser beginning on the Settlement Date
(specified in such notice) which follows a complete Accrual Period after the date of such notice. Thereafter, on such Settlement Date and each Settlement Date thereafter, the Purchaser, for the benefit of such Bank Purchaser, shall be entitled to
receive from Collections a fee in an amount equal to the product of (a) such Bank Purchaser’s LIBOR Rate for the immediately preceding Accrual Period plus such Bank Purchaser’s Factoring Fee Margin in effect during such Accrual
Period, (b) such Bank Purchaser’s Ratable Share of the Funded Amount on the immediately preceding Settlement Date and (c) a fraction, (i) the numerator of which is the actual number of days that elapsed during the most recently
ended Accrual Period and (ii) the denominator of which is 360. For the avoidance of doubt, upon delivery of such irrevocable notice, the Funding Seller shall not again be permitted to request to base any future payments of such Bank
Purchaser’s Factoring Fee on the Cost of Funds Rate. 

  
 45 

	 	(c)	 Notwithstanding the foregoing, no later than seven (7) Business Days prior to the start of an Accrual
Period, the Funding Seller may request that Helaba or MUFG provide an estimate of its Periodic Cost of Funds Rate with respect to its Ratable Share of a specified amount (the “Specified Amount”) for a specified period from two to
six future Accrual Periods (the “Designated Period”). Such Bank Purchaser shall provide such estimate no later than five (5) Business Days prior to the start of such Designated Period. Following receipt of such information, the
Funding Seller may give no less than two (2) Business Days irrevocable notice to such Bank Purchaser that it wishes to fix payments of the Factoring Fee for such Bank Purchaser for such Designated Period. Such Bank Purchaser shall then
determine its actual Periodic Cost of Funds Rate. In such event, the Factoring Fee for each Accrual Period during the Designated Period shall be equal to an amount equal to the sum of (X) the product of (a) such actual Periodic Cost of
Funds Rate plus such Bank Purchaser’s Factoring Fee Margin in effect during such Accrual Period, (b) such Bank Purchaser’s Ratable Share of the Specified Amount and (c) a fraction, (i) the numerator of which is the actual
number of days that elapsed during the most recently ended Accrual Period and (ii) the denominator of which is 360 and (Y) the product of (a) such Bank Purchaser’s Cost of Funds Rate for the immediately preceding Accrual Period
plus such Bank Purchaser’s Factoring Fee Margin in effect during such Accrual Period, (b) such Bank Purchaser’s Ratable Share of the excess (if any) of the Funded Amount on the immediately preceding Settlement Date over the Specified
Amount and (c) a fraction, (i) the numerator of which is the actual number of days that elapsed during the most recently ended Accrual Period and (ii) the denominator of which is 360. After the completion of the Designated Period in
which the Factoring Fee was fixed, the Factoring Fee shall be calculated in the same manner as it was in the Accrual Period immediately prior to the Designated Period. 

 

	4.3	 Servicer Fee. 

 

	 	(a)	 On each Settlement Date, the Servicer shall be entitled to receive a fee (the “Servicer Fee”)
in an amount equal to the product of (a) 0.20%, (b) the Funded Amount on the immediately preceding Settlement Date, and (c) a fraction, (i) the numerator of which is the actual number of days elapsed during the most recently ended Accrual
Period and (ii) the denominator of which is 360. If the Servicer shall at any time cease to be a member of the T-Mobile Group, the Bank Purchasing Agent and such Servicer may agree to a different
percentage per annum, but in no event in excess of 110% of the reasonable costs and expenses of the Servicer in administering and collecting the Purchased Receivables. 

 

	 	(b)	 The Servicer shall electronically invoice each Bank Purchaser, that has requested such an invoice, for services
rendered during any month and showing the Servicer Fee thereon by the Settlement Date in the following month. Such invoices shall be materially in the form specified in Annex 9. The Bank Purchasing Agent shall inform the Servicer of any required
change to the invoicing should the relevant statutory VAT provisions or their interpretation change. Notwithstanding the receipt of invoices by the Bank Purchasers from the Servicer, the Servicer Fee shall be payable only from Collections pursuant
to Section 2.7. 

  
 46 

	4.4	 Increased Costs. If any of the Affected Parties shall have determined that any Change in Law shall have
the effect of reducing the rate of return on such party’s respective capital or assets as a consequence of its obligations or the purchases of Purchased Receivables hereunder or under the Onward Receivables Purchase Agreement to a level below
that which such party could have achieved but for such adoption, change or compliance (taking into consideration such party’s policies with respect to capital adequacy) by an amount deemed by such party to be material, then from time to time,
within 15 days of submission by such party to the Funding Seller of a written request therefor, the Funding Seller shall pay to such party such additional amount or amounts as will compensate such party for such reduction (the “Increased
Costs”). A certificate as to any additional amounts payable pursuant to this Section 4.4 submitted by such party to the Funding Seller shall be conclusive in the absence of manifest error. The obligations of the Funding Seller pursuant
to this Section 4.4 shall survive the termination of this Agreement and the payment of all other amounts owing by the Funding Seller to such party hereunder. 

 

	4.5	 Set-Off. No Purchasing Entity shall have any right of set-off with respect to the obligations of the parties to the Transaction Documents other than those rights arising under applicable law. 

 

	4.6	 Obligations of Funding Seller, Servicer and Performance Guarantor. Except as otherwise expressly
provided herein, the obligations of the Funding Seller, the Servicer and the Performance Guarantor to make the deposits and other payments contemplated by this Agreement are absolute and unconditional and all payments to be made by the Funding
Seller, the Servicer or the Performance Guarantor under or in connection with this Agreement shall be made free and clear of, and each of the Funding Seller, the Servicer and the Performance Guarantor hereby irrevocably and unconditionally waives
all rights of, any counterclaim, set-off, deduction or other analogous rights or defenses, in connection with such obligations, which it may have against any of the Purchasing Entities (including any
obligation of any Purchasing Entity in respect of payment of any amount payable under this Agreement). All stamp, documentary, registration or similar duties or taxes, including withholding taxes and any penalties, additions, fines, surcharges or
interest relating thereto, which are imposed or chargeable in connection with this Agreement shall be paid by the Funding Seller; provided that each of the Purchasing Entities shall be entitled but not obliged to pay any such duties or taxes
whereupon the Funding Seller shall on demand indemnify such party against those duties or taxes and against any costs and expenses so incurred by it in discharging them. 

 

	4.7	 Taxes. 

  

	 	(a)	 Any and all payments and distributions made by, or on behalf of, the Funding Seller in respect of the Purchased
Receivables and the Related Rights that shall be conveyed by the Funding Seller to the Purchaser hereunder or otherwise, and all payments and distributions required to be made or deemed to have been made by, or on behalf of, the Funding Seller or
any other Person (including the Purchaser) to any of the Purchasing Entities pursuant to any Transaction Document shall be made free and clear of, and without deduction for, any Indemnified Taxes, provided that: 

 

	 	(i)	 if the Funding Seller or any other Person shall be required to deduct any Indemnified Taxes from such payments,
then (1) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 4.7) such

  
 47 

	 	
Purchasing Entity receives an amount equal to the sum it would have received had no such deductions been made, (2) the Funding Seller or such Person shall make such deductions, and
(3) the Funding Seller or such Person shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law; and 

  

	 	(ii)	 the Funding Seller shall not be obligated to make a payment under this Section 4.7 in respect of
penalties, interest, and additions to Tax attributable to any Indemnified Taxes (and, for the avoidance of doubt, reasonable expenses arising therefrom or with respect thereto), if (1) such penalties, interest or additions to Tax are
attributable to the failure of the Purchaser to pay the relevant Governmental Authority amounts received by it from the Funding Seller or any other Person, as the case may be in respect of Indemnified Taxes within 30 days after receipt of such
amount from the Funding Seller or any such other Person or (2) such penalties, interest or additions to Tax are attributable to the gross negligence or willful misconduct of the Purchaser. 

Notwithstanding anything to the contrary contained in this Agreement, none of the Funding Seller, the Servicer, the Originators or the
Performance Guarantor shall have any obligation to make a “gross-up” payment of taxes or indemnification under this Section 4.7 to the Purchaser or the Bank Purchasers related to a FATCA
Deduction. 
  

	 	(b)	 Notwithstanding any other provision of this Agreement, the Funding Seller shall comply with all federal and
state withholding requirements with respect to payments to any of the Purchasing Entities of amounts that the Funding Seller reasonably believes are applicable under the Code, the treasury regulations or any applicable state or local law. The
Funding Seller will withhold on payments to each of the Purchasing Entities unless such Purchasing Entity provides at such time or times as required by law (i) a correct, complete and properly executed U.S. Internal Revenue Service Form W-8BEN claiming eligibility of such Purchasing Entity for benefits of an income tax treaty to which the United States is a party, (ii) a correct, complete and properly executed U.S. Internal Revenue Service
Form W-8ECI, (iii) a correct, complete and properly executed U.S. Internal Revenue Service Form W-8BEN and a certificate of a duly authorized officer of such
Purchasing Entity to the effect that such Purchasing Entity is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Funding Seller within the meaning
of Section 881(c)(3)(B) of the Code, or (C) a controlled foreign corporation receiving interest from a related person within the meaning of Section 881(c)(3)(C) of the Code, or (iv) a correct, complete and properly executed U.S.
Internal Revenue Service Form W-8IMY, with appropriate attachments from each of the beneficial owners that either (a) satisfies one of the clauses (i) through (iii) above or (b) is a correct,
complete and properly executed U.S. Internal Revenue Service Form W-9. For any period with respect to which any of the Purchasing Entities has failed to provide the Funding Seller with the appropriate,
complete and accurate form or other relevant document pursuant to this Section 4.7 establishing a complete exemption from U.S. federal withholding tax, such Purchasing Entity shall not be entitled to any
“gross-up” of taxes or indemnification under this Section 4.7. 

  
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	 	(c)	 If a payment made to any of the Purchasing Entities under any Transaction Document would be subject to U.S.
Federal withholding Tax imposed by FATCA if such party were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such party shall deliver to
the Funding Seller, at the time or times prescribed by law and at such time or times reasonably requested by the Funding Seller, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code)
and such additional documentation reasonably requested by the Funding Seller as may be necessary for the Funding Seller to comply with its obligations under FATCA, to determine that such party has or has not complied with its obligations under FATCA
and, as necessary, to determine the amount to deduct and withhold from such payment. 

  

	4.8	 Late Fees. 

  

	 	(a)	 If the Funding Seller, the Servicer or the Performance Guarantor shall default in the payment, when due, of any
amount owed by it to the Purchaser pursuant to Sections 2.7(b)(v), 2.7(b)(vi), 2.7(b)(vii), 5.4(i), 5.4(iv) or 5.4(v), then the Funding Seller, the Servicer or the Performance Guarantor, as the case may be, shall pay to the Purchaser, for the
benefit of each Bank Purchaser, interest on such Bank Purchaser’s Ratable Share of the amount of such payment at a per annum rate equal to (i) such Bank Purchaser’s LIBOR Rate during the related Accrual Period plus such Bank
Purchaser’s Factoring Fee Margin in effect during such Accrual Period plus (ii) 2.00% for the period beginning on (and including) the first day on which such payment was due and ending on (but not including) the day on which such payment is
remitted to the Purchaser, which interest shall be calculated on the basis of the actual number of days included in such period and a year consisting of 360 days. 

 

	 	(b)	 If the Funding Seller, the Servicer or the Performance Guarantor shall default in the payment, when due, of any
amount not subject to subsection (a) above owed by it to any of the Purchasing Entities hereunder, then the Funding Seller, the Servicer or the Performance Guarantor, as the case may be, shall pay to each relevant Affected Party interest on the
amount of such payment at a per annum rate equal to (i) such Affected Party’s LIBOR Rate during the related Accrual Period plus such Affected Party’s Factoring Fee Margin in effect during such Accrual Period plus (ii) 2.00% for
the period beginning on (and including) the first day on which such payment was due and ending on (but not including) the day on which such payment is remitted to such Affected Party, which interest shall be calculated on the basis of the actual
number of days included in such period and a year consisting of 360 days. 

  

	5.	 REPURCHASE OF RECEIVABLES; ALLOCATION AND SHARING OF LOSSES 

 

	5.1	 Retransfer and Repurchase of Certain Receivables. 

 

	 	(a)	 Imminent Write-Offs; EPS Receivables. On each Business Day, each Purchased Receivable that the Servicer
has determined will become the subject of a Write-Off shall be retransferred by the Purchaser to the Funding Seller, automatically, and without any

  
 49 

	 	
further action by the Purchaser or the Funding Seller. On each Business Day on and following the Facility Termination Date, each Purchased Receivable not previously retransferred that has become
an EPS Receivable shall be retransferred by the Purchaser to the Funding Seller, upon deposit by the Funding Seller of a repurchase price to the Collection Account equal to the EPS Fair Value Percentage of the Nominal Value of such EPS Receivable
within two Business Days of such Receivable becoming an EPS Receivable. For the avoidance of doubt, following the Facility Termination Date, the Servicer shall not, without the prior written consent of the
Co-Agents, permit any Purchased Receivable to become an EPS Receivable following the Funding Seller’s failure to pay the repurchase price for any EPS Receivables in accordance with this
Section 5.1(a). 

  

	 	(b)	 Aged Receivables; EPS Receivables. In addition to the foregoing, unless the Servicer at any time shall
have failed to pay the Required Amount into the Collection Account in accordance with Section 2.6(c), during each Collection Period, on each Business Day that shall occur during such Collection Period, the Funding Seller shall repurchase from
the Purchaser, effective automatically as of such Business Day, each Purchased Receivable that shall have become an Aged Receivable, or, prior to the Facility Termination Date, an EPS Receivable, it being agreed and understood (i) that the
repurchase thereof shall be settled on the first Settlement Date to occur after the end of such Collection Period in accordance with the following provisions of this Section 5.1(b) and (ii) that, notwithstanding any of the foregoing, at
any time, the Funding Seller may notify each of the Purchasing Entities in writing that, for any Batch, the Funding Seller shall repurchase Aged Receivables pursuant to this Section 5.1 only to the extent that the aggregate Outstanding Balance
of all of the Aged Receivables from such Batch repurchased by the Funding Seller during the term of this Agreement would not exceed 10.00% of the related Batch Receivables Amount, which limitation of repurchases shall take effect on the first
Settlement Date to occur after the end of the Collection Period during which such notification was given. 

 For each
Batch, the repurchase price payable by the Funding Seller to the Purchaser for such Aged Receivables or EPS Receivables (i) shall be an amount equal to (x) with respect to such Aged Receivables (which are not EPS Receivables), the product
of (A) the Funding Advance Rate times (B) the aggregate Outstanding Balance of all of the repurchased Aged Receivables included in such Batch, and (y) with respect to such EPS Receivables, the EPS Fair Value Percentage of the Nominal
Value of such EPS Receivables; and (ii) shall be paid on the Settlement Date on which their repurchase is to be settled in accordance with this Section 5.1(b) by requiring the Funding Seller to pay to the Purchaser an amount equal to the
aggregate amount of all of such repurchase prices, which amount shall be deemed to have been paid by requiring the Purchaser to reduce the Mandatory Repurchase Reserve Payment Amount for such Settlement Date by a corresponding amount, it being
understood between the parties that such reduction may result in a negative Mandatory Repurchase Reserve Payment Amount. 
  

	 	(c)	 All of the transfers and repurchases of Receivables contemplated by Sections 5.1(a) and 5.1(b) shall occur
without recourse to, and without warranty of any kind made or deemed to have been made by, the Purchaser, and all representations and warranties are hereby 

  
 50 

	 	
expressly disclaimed. Notwithstanding any of the foregoing, the Servicer shall continue to monitor the status of all of the Receivables transferred back to the Funding Seller pursuant to
Section 5.1(a) above and all of the Aged Receivables repurchased by the Funding Seller pursuant to Section 5.1(b) above in order to determine if and when such Receivables become Written-Off
Receivables and to identify and report to the Funding Seller and each of the Purchasing Entities any Recoveries thereon. 

  

	 	(d)	 The parties agree that (i)(A) tax refunds, whether in the form of cash or otherwise, with respect to
Receivables and (B) any cash payments (or equivalent) or any other cash proceeds collected on EPS Receivables (including cash proceeds of Related Rights with respect to such EPS Receivables) shall be retained by the Funding Seller,
(ii) the Servicer shall have no responsibility for reporting receipt of such amounts to any party other than the Funding Seller, and (iii) following such time as a Purchased Receivable becomes an EPS Receivable, the Servicer shall have no
responsibility to track, or report information regarding such Receivables (including in connection with the Monthly Report) including information on dilutions, reductions, adjustments and Write-Offs. 

 

	5.2	 Order of Repurchase. The Servicer shall designate the order in which Purchased Receivables (which will
become Written-Off Receivables or are Aged Receivables) are to be transferred back during a Collection Period in a notice delivered to the Purchaser and the Funding Seller. The Purchaser and the Funding Seller
acknowledge initial receipt of such notice. The Servicer may change such designation by means of an additional notice delivered by it to each of the Purchasing Entities. 

 

	5.3	 Allocation of Write-Offs. 

 

	 	(a)	 On each Settlement Date until and including the Final Termination Date, the Servicer will determine, for each
Batch and such Settlement Date, the Allocated Write-Off Amount related thereto and the relevant EPS Loss Amounts described in Sections 5.3(b) and 5.3(c), together with the Immediate Write-Off Amount and the Aged Receivables Write-Off Amount (as each of such terms is defined in Sections 5.3(b) and 5.3(c) below) related thereto. 

 

	 	(b)	 On each Settlement Date until and including the Final Termination Date, before giving effect to
Section 5.3(c) below, for each Batch, an amount equal to the sum of (x) the portion of the Allocated Write-Off Amount for such Settlement Date that is not attributable to Aged Receivables that have
been repurchased by the Funding Seller and paid for pursuant to Section 5.1(b) above plus (y) the aggregate EPS Loss Amounts with respect to Purchased Receivables (other than Aged Receivables repurchased under clause (i)(x) of the second
paragraph of Section 5.1(b)) included in such Batch which become EPS Receivables during the most recently ended Collection Period (such aggregate amount is referred to herein as the “Immediate
Write-Off Amount” for such Settlement Date) shall be allocated between the Funding Seller and the Purchaser as follows: 

  
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	 	(i)	 FIRST, the Funding Seller shall bear the losses associated with the Immediate
Write-Off Amount for such Settlement Date by paying to the Purchaser an amount equal to the lesser of (A) the Maximum Batch Mandatory Repurchase Amount for such Settlement Date and (B) the Immediate Write-Off Amount for such Settlement Date, which amount shall be deemed to have been paid by requiring the Purchaser to reduce the Mandatory Repurchase Reserve Payment Amount for such Settlement Date (and the
Maximum Batch Mandatory Repurchase Amount as contemplated in the definition of such term) by a corresponding amount, it being understood between the parties that such reduction may result in a negative Mandatory Repurchase Reserve Payment Amount;

  

	 	(ii)	 SECOND, until the Discount Ledger Adjusted Balance is reduced to zero, the Purchaser shall deposit into the
Collection Account (for application pursuant to Section 2.7 on such date) an amount equal to the excess, if any, of the Immediate Write-Off Amount for such Settlement Date over the Maximum Batch Mandatory
Repurchase Amount for such Settlement Date; and, simultaneously, the Bank Purchasing Agent shall reduce the Discount Ledger Balance by the amount of such deposit in the Discount Ledger; 

 

	 	(iii)	 THIRD, until the Level 3 Maximum Amount is reduced to zero: (A) the Funding Seller shall deposit into
the Collection Account (for application pursuant to Section 2.7 on such date), an amount equal to the product of (i) 85% and (ii) the amount by which the Immediate Write-Off Amount for such
Settlement Date exceeds the sum of the amount to be borne by the Funding Seller pursuant to clause FIRST above and the amount deposited by the Purchaser pursuant to clause SECOND above (the amount of such excess is referred to herein as the
“Aggregate Level 3 Loss Sharing Payment Amount” for such Settlement Date); and (B) the Purchaser shall deposit into the Collection Account (for application pursuant to Section 2.7 on such date) an amount
equal to the product of (i) 15% and (ii) the Aggregate Level 3 Loss Sharing Payment Amount for such Settlement Date; and (C) and, upon the making of such payments, the Level 3 Maximum Amount (without duplication of the reduction
caused by the reduction of the Deferred Purchase Price set forth above) shall be reduced by an amount equal to the sum of the deposits and the reductions made pursuant to subclauses (A) and (B) of this clause THIRD on such Settlement Date;

  

	 	(iv)	 FOURTH, until the Level 3A Maximum Amount is reduced to zero: (A) the Funding Seller shall deposit into
the Collection Account (for application pursuant to Section 2.7 on such date), an amount equal to the amount by which the Immediate Write-Off Amount for such Settlement Date exceeds the sum of the amount
to be borne by the Funding Seller pursuant to clause FIRST above, the amount deposited by the Purchaser pursuant to clause SECOND above, the amount deposited by the Funding Seller or the amount of such reduction of the Deferred Purchase Price, as
applicable, pursuant to subclause (A) of clause THIRD above, and the amount deposited by the Purchaser pursuant to subclause (B) of clause THIRD above; and (B) upon the making of such payment, the Level 3A Maximum Amount (without
duplication of the reduction caused by the reduction of the Deferred Purchase Price set forth above) shall be reduced by an amount equal to the sum of the deposit or the reductions made pursuant to subclause (A) of this clause FOURTH on such
Settlement Date; 

  
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	 	(v)	 FIFTH, if the Immediate Write-Off Amount for such Settlement Date shall
be greater than the aggregate amount of the allocations made pursuant to clauses FIRST, SECOND, THIRD and FOURTH of this Section 5.3(b) on such Settlement Date (the “Excess Level 3A Amount”), the Servicer shall deposit
Collections in the Collection Account in an amount equal to the lesser of the (A) the Level 4 Reserve Amount and (B) the Excess Level 3A Amount, and the Level 4 Reserve Amount shall be reduced by the amount of such deposit on
such Settlement Date; and 

  

	 	(vi)	 SIXTH, if the Immediate Write-Off Amount for such Settlement Date shall
be greater than the aggregate amount of the allocations made pursuant to clauses FIRST, SECOND, THIRD, FOURTH and FIFTH of this Section 5.3(b) on such Settlement Date, the Purchaser shall then reduce the Funded Amount by the amount of such
excess. 

  

	 	(c)	 On each Settlement Date until and including the Final Termination Date, after giving effect to
Section 5.3(b) above, for each Batch, an amount equal to the sum of (x) the portion of the Allocated Write-Off Amount for such Settlement Date that is attributable to Aged Receivables that have been
repurchased by the Funding Seller pursuant to Section 5.1(b) above plus (y) the aggregate EPS Loss Amounts with respect to Aged Receivables included in such Batch that were repurchased under clause (i)(x) of the second paragraph of
Section 5.1(b) which become EPS Receivables during the most recently ended Collection Period (such aggregate amount is referred to herein as the “Aged Receivables Write-Off Amount” for such
Settlement Date) shall be allocated between the Funding Seller and the Purchaser as follows: 

  

	 	(i)	 FIRST, the Funding Seller shall bear the losses associated with the Aged Receivables Write-Off Amount up to an amount equal to the excess of (A) the Maximum Batch Mandatory Repurchase Amount for such Settlement Date over (B) the amounts deemed to have been paid by the Funding Seller on
such Settlement Date pursuant to clause FIRST of Section 5.3(b) above; it being understood (for the avoidance of doubt) that no payment by the Funding Seller shall be required to give effect the allocation of Write-Offs to the Funding Seller
pursuant to this clause FIRST; 

  

	 	(ii)	 SECOND, until the Discount Ledger Adjusted Balance is reduced to zero, the Purchaser shall pay directly to the
Funding Seller an amount equal to the excess, if any, of the Aged Receivables Write-Off Amount for such Settlement Date over the amount borne by the Funding Seller pursuant to clause FIRST above; and,
simultaneously, the Bank Purchasing Agent shall reduce the Discount Ledger Balance by the amount of such deposit; 

  
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	 	(iii)	 THIRD, until the Level 3 Maximum Amount is reduced to zero and taking into account any reduction of the
Level 3 Maximum Amount made on such Settlement Date pursuant to clause THIRD of Section 5.3(b) above: (A) the Purchaser shall pay directly to the Funding Seller an amount equal to the product of (i) 15% and (ii) the amount by
which the Aged Receivables Write-Off Amount for such Settlement Date exceeds the sum of the amount to be borne by the Funding Seller pursuant to clause FIRST above and the amount deposited by the Purchaser
pursuant to clause SECOND above (such amount is referred to herein as the “Aggregate Level 3 Excess Loss Sharing Payment Amount” for such Settlement Date); and (B) the Funding Seller shall bear losses in an
amount equal to the product of (i) 85% and (ii) the Aggregate Level 3 Excess Loss Sharing Payment Amount for such Settlement Date; it being understood (for the avoidance of doubt) that no payment by the Funding Seller shall be required to
give effect the allocation of Write-Offs to the Funding Seller pursuant to this clause THIRD; and (C) the Level 3 Maximum Amount shall be reduced by an amount equal to the sum of the deposit made by the Purchaser pursuant to subclause
(A) and the amount of losses borne by the Funding Seller pursuant to subclause (B) of this clause THIRD; 

  

	 	(iv)	 FOURTH, until the Level 3A Maximum Amount is reduced to zero and taking into account any reduction of the Level
3A Maximum Amount made on such Settlement Date pursuant to clause FOURTH of Section 5.3(b) above: (A) the Funding Seller shall bear losses in an amount equal to the amount by which the Aged Receivables
Write-Off Amount for such Settlement Date exceeds the sum of the amount to be borne by the Funding Seller pursuant to clause FIRST above, the amount deposited by the Purchaser pursuant to clause SECOND above,
the amount deposited by the Purchaser pursuant to subclause (A) of clause THIRD above, and the amount to be borne by the Funding Seller pursuant to subclause (B) of clause THIRD above; it being understood (for the avoidance of doubt) that
no payment by the Funding Seller shall be required to give effect to the allocation of Write-Offs to the Funding Seller pursuant to this clause FOURTH; and (B) the Level 3A Maximum Amount shall be reduced by an amount equal to the amount of
losses borne by the Funding Seller pursuant to this clause FOURTH; 

  

	 	(v)	 FIFTH, until the Level 4 Reserve Amount is reduced to zero and taking into account any reduction of the
Level 4 Reserve Amount made on such Settlement Date pursuant to clause FIFTH of Section 5.3(b) above, if the Aged Receivables Write-Off Amount for such Settlement Date shall be greater than the
aggregate amount of the allocations made pursuant to clauses FIRST, SECOND, THIRD and FOURTH of this Section 5.3(c) on such Settlement Date (the “Excess Level 3A Excess Amount”), the Servicer shall deposit Collections in the
Collection Account in an amount equal to the lesser of the (A) the Level 4 Reserve Amount and (B) the Excess Level 3A Excess Amount, and the Level 4 Reserve Amount shall be reduced by the amount of such deposit on such Settlement
Date; and 

  

	 	(vi)	 SIXTH, the Purchaser shall pay directly to the Funding Seller an amount equal to the excess, if any, of the
Aged Receivables Write-Off Amount for such Settlement Date over the aggregate amount of the allocations made pursuant to clauses FIRST, SECOND, THIRD, FOURTH and FIFTH of this Section 5.3(c) on such
Settlement Date. 

  
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	5.4	 Allocation of Recoveries. On each Settlement Date until and including the Final Termination Date,
Recoveries for the most recently ended Collection Period shall be paid or allocated by the Funding Seller or by the Servicer on behalf of the Funding Seller in accordance with the following order of priority: 

 

	 	(i)	 FIRST, to the Purchaser, up to the aggregate of the amounts, if any, allocated to the Purchaser pursuant to
Section 5.3(b)(vi) above and/or payable by the Purchaser to the Funding Seller pursuant to Sections 5.3(c)(vi) above with respect to any Batch on all prior Settlement Dates; 

 

	 	(ii)	 SECOND, to the Funding Seller, up to the aggregate of the amounts deposited by the Servicer in the Collection
Account pursuant to Section 5.3(b)(v) and/or Section 5.3(c)(v); 

  

	 	(iii)	 THIRD, to the Funding Seller, up to the aggregate of the amounts paid by the Funding Seller and losses borne,
if any, pursuant to Sections 5.3(b)(iv) and 5.3(c)(iv) with respect to any Batch on such Settlement Date and all prior Settlement Dates, whereupon the Level 3A Maximum Amount shall be increased by the aggregate amount so paid to the Funding Seller;

  

	 	(iv)	 FOURTH, ratably and pari passu, (A) 85% to the Funding Seller and (B) 15% to the Purchaser up to the
aggregate of the amounts, if any, paid by the Funding Seller and the Purchaser and losses borne by the Funding Seller, if any, pursuant to Sections 5.3(b)(iii) and 5.3(c)(iii) with respect to any Batch on such Settlement Date and all prior
Settlement Dates, whereupon the Level 3 Maximum Amount shall be increased by the aggregate amount so paid to the Purchaser and the Funding Seller; 

  

	 	(v)	 FIFTH, to the Purchaser, up to the aggregate of (A) the amounts, if any, by which the Discount Ledger
Balance was required to be reduced pursuant to Section 5.3(b)(ii) and (B) the amounts, if any, payable by the Purchaser to the Funding Seller pursuant to Section 5.3(c)(ii), if any, with respect to any Batch on such Settlement Date
and all prior Settlement Dates, whereupon the Bank Purchasing Agent shall be obligated to increase the Discount Ledger Balance by the amount so paid to the Purchaser; and 

 

	 	(vi)	 FINALLY, to pay any remainder to the Funding Seller. 

  
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	5.5	 Revision of Allocation Levels. 

 

	 	(a)	 In the event that the Discount Ledger Balance exceeds 2.00% of the Maximum Sales Amount on any Settlement Date
(after giving effect to any adjustments to the Discount Ledger Balance on such Settlement Date), upon notice by the Funding Seller to the Bank Purchasing Agent and the Bank Purchasers on such Settlement Date, the Discount Rate shall be decreased to
a percentage determined by the Funding Seller, but not less than 0.00%, to reflect such change in credit quality, and the Level 4 Reserve Percentage shall be increased by 1.25 times the reduction in the Discount Rate. Such adjustment shall be
prospective in nature and shall only apply to succeeding Collection Periods after the adjustment is made. The notice described in this Section 5.5(a) may be issued more than once. 

 

	 	(b)	 If the Discount Ledger Balance is less than 1.75% of the Maximum Sales Amount on any Settlement Date (after
giving effect to any adjustments to the Discount Ledger Balance on such Settlement Date), upon notice by the Funding Seller to the Bank Purchasing Agent and the Bank Purchasers on such Settlement Date, the Discount Rate shall be increased to a
percentage determined by the Funding Seller, and the Level 4 Reserve Percentage shall be decreased by an amount equal to 1.25 multiplied by such increase in the Discount Rate; provided that the Level 4 Reserve Percentage for any Settlement
Date and any Batch shall not be less than the numerical percentage prescribed by the definition of the term “Level 4 Reserve Percentage” for such Settlement Date and such Batch without giving effect to any increase or decrease to such
percentage that may have been effected pursuant to this Section 5.5. Such adjustment shall be prospective in nature and shall only apply to succeeding Collection Periods after the adjustment is made. 

 

	 	(c)	 The Funding Seller may submit a written request to the Co-Agents,
requesting a change in the Discount Rate, the Maximum Mandatory Repurchase Percentage, the Level 3 Maximum Amount, the Level 3A Maximum Amount or the Level 4 Reserve Percentage, or any combination thereof, in order to adjust for changes in
the credit quality of the Purchased Receivables and the history and magnitude of write-offs made with respect thereto; provided, however, that (A) any such changes shall be effective as of the first day of a Collection Period and shall be
prospective only, and (B) no such changes shall cause the total credit support available to cover losses in accordance with Sections 5.3(b)(i)-(v) and 5.3(c)(i)-(v) (without taking into account the Discount Ledger Balance) to be less protective
than such total credit support immediately prior to giving effect to the requested changes, (C) as a condition to any increase in the Level 3 Maximum Amount to an amount in excess of $50,000,000, the Funding Seller shall provide collateral
in an amount no less than 85% of such excess in form and substance, and subject to documentation in form and substance, satisfactory to the Bank Purchasing Agent, in order to secure the Funding Seller’s obligations under Sections 5.6(a)(i) and
5.6(a)(iii), and (D) as a condition to any increase in the Level 3A Maximum Amount to an amount in excess of $40,000,000, the Funding Seller shall provide collateral in an amount no less than 100% of such excess in form and substance, and
subject to documentation in form and substance, satisfactory to the Bank Purchasing Agent, in order to secure the Funding Seller’s obligations under Sections 5.6(a)(ii) and 5.6(a)(iii). Any such requested change shall be accepted or rejected by
the Co-Agents within five Business Days following the Reporting Date that next follows the receipt of such request. The Co-Agents shall be obligated to agree, in good
faith, to accept or reject each written request submitted to them pursuant to this Section 5.5(c) within such five Business Day period; it being agreed and understood that, if agreement is not achieved within such period, then such requested
change shall be deemed to have been rejected. For the avoidance of doubt, the prospective changes to the Discount Rate and Level 4 Reserve Percentage that may occur pursuant to Sections 5.5(a) and 5.5(b) shall not constitute or trigger changes
to such rates pursuant to this Section 5.5(c). 

  
 56 

	5.6	 KfW Guarantees. 

 

	 	(a)	 The parties hereto acknowledge and agree that, prior to the KfW Termination Date, the Bank Purchasing Agent
shall be entitled to make a demand on behalf of the Bank Purchasers under the KfW Guarantees under the following circumstances and in the following amounts. 

  

	 	(i)	 If, on any Settlement Date, the Funding Seller fails to make all or any portion of the deposit into the
Collection Account that was required to be made by it pursuant to Section 5.3(b)(iii), then, on or after such Settlement Date, the Bank Purchasing Agent shall be permitted to make a draw under the KfW Level 3 Guarantee, to the extent that
there shall be availability thereunder, in an amount equal to the amount that the Funding Seller shall have failed to so deposit into the Collection Account. 

  

	 	(ii)	 If, on any Settlement Date, the Funding Seller fails to make all or any portion of the deposit into the
Collection Account that was required to be made by it pursuant to Section 5.3(b)(iv), then, on or after such Settlement Date, the Bank Purchasing Agent shall be permitted to make a draw under the KfW Level 3A Guarantee, to the extent that there
shall be availability thereunder, in an amount equal to the amount that the Funding Seller shall have failed to so deposit into the Collection Account. 

  

	 	(iii)	 If, on any Settlement Date, (I) the Servicer shall fail to deposit any of the Collections into the
Collection Account, as required under this Agreement, and such Collections shall have been commingled with other funds of the Servicer or any other member of the T-Mobile Group and (II) as a direct result
of such failure and commingling, such Collections are not readily identifiable and any of the Bank Purchasers suffers a loss (any such loss is referred to herein as a “Commingling Loss”), then, on or after such Settlement Date:

  

	 	(A)	 the Bank Purchasing Agent shall be permitted to make a draw under one or both of the KfW Guarantees (in
accordance with subparagraph (B) below) in an amount equal to the excess of: 

  

	 	(x)	 the sum of the amounts that the Funding Seller would have been required to deposit into the Collection Account
pursuant to Sections 5.3(b)(iii) and 5.3(b)(iv) if the Commingling Loss for such Settlement Date had been added to and included in the determination of the Immediate Write-Off Amount for such Settlement Date;
over 

  

	 	(y)	 the sum of the amounts that the Funding Seller was actually required to deposit into the Collection Account
pursuant to Sections 5.3(b)(iii) and 5.3(b)(iv) on such Settlement Date; and 

  
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	 	(B)	 unless otherwise directed by the Bank Purchasing Agent, such draw shall be made, first, under the
KfW Level 3A Guarantee to the extent that there shall be availability thereunder and, second, under the KfW Level 3 Guarantee to the extent that there shall be availability thereunder. 

For the avoidance of doubt, a draw permitted to be made under any of the foregoing clauses (i) through (iii) shall be in addition to, and
shall not be an alternative to, a draw permitted to be made under any other such clause. 
  

	 	(b)	 The Bank Purchasing Agent shall specify in the related demand notice provided to KfW under the applicable KfW
Guarantee the amount of the proceeds thereof that shall be due to each Bank Purchaser and shall provide a copy of such demand notice to the Purchaser. 

  

	 	(c)	 Following the KfW Termination Date, this Section 5.6 shall no longer have any force and effect.

 The provisions of this Section 5.6 shall not be construed to limit in any way the provisions of the KfW Guarantees
themselves. 
  

	6.	 REPRESENTATIONS AND WARRANTIES OF THE FUNDING SELLER AND THE PERFORMANCE GUARANTOR

  

	6.1	 The Funding Seller. The Funding Seller hereby represents and warrants to each of the Purchasing Entities
that, as of the date hereof and each Purchase Date: 

  

	 	(a)	 the Funding Seller (i) is a limited liability company, duly organized solely, validly existing and in good
standing under the laws of the State of Delaware, (ii) is duly qualified to do business and (iii) has all corporate or other organizational power and all licenses, authorizations, consents, approvals and qualifications, of and from all
third parties required to execute and deliver and perform its obligations under the Transaction Documents to which it is a party and to carry on its business in each jurisdiction in which its business is now conducted; 

 

	 	(b)	 the execution, delivery and performance by the Funding Seller of this Agreement and any other Transaction
Document to which it is a party, including the Funding Seller’s sales hereunder of Receivables and the Funding Seller’s use of the proceeds thereof (i) are within the Funding Seller’s corporate and other organizational powers,
(ii) have been duly authorized by all necessary corporate and other organizational action, (iii) do not, with respect to execution and delivery, and will not, with respect to the performance of its obligations, contravene or constitute a
default under (A) the Funding Seller’s organic documents, (B) any applicable law, (C) any contractual restriction binding on or affecting the Funding Seller or its property or (D) any order, writ, judgment, award, injunction
or decree binding on or affecting the Funding Seller or its property and (iv) do not, with respect to execution and delivery, and will not, with respect to the performance of its obligations, result in or require the creation or imposition of
any Adverse Claim (other than any Adverse Claim arising under any Transaction Document) upon or with respect to any of its properties; 

  
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	 	(c)	 each Transaction Document to which the Funding Seller is a party has been duly executed and delivered by
the Funding Seller; 

  

	 	(d)	 no authorization, approval, license, consent, qualification or other action by, and no notice to or filing or
registration with, any governmental body or agency or official thereof or any third party is required for the due execution, delivery and performance by the Funding Seller of this Agreement or any other Transaction Document to which the
Funding Seller is a party or any other document to be delivered by the Funding Seller hereunder or thereunder, all of which have been duly made or taken, as the case may be, and are in full force and effect; 

 

	 	(e)	 each Transaction Document to which the Funding Seller is a party constitutes the legal, valid and binding
obligations of the Funding Seller enforceable against the Funding Seller in accordance with its terms, subject to any limitation on the enforceability thereof against the Funding Seller arising from the application of any applicable bankruptcy law
or by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law); 

  

	 	(f)	 (i) there are no actions, suits, investigations by any governmental body or agency, litigation or proceedings
at law or in equity or by or before any governmental body or agency or in arbitration now pending, or credibly threatened, against or affecting the Funding Seller or any of its businesses, properties or revenues; and (ii) the Funding Seller is
not in default or violation of any order, judgment or decree of any governmental body or agency or arbitrator; 

  

	 	(g)	 no event has occurred and is continuing, or would result from any purchase by the Purchaser of Receivables from
the Funding Seller or the application of the proceeds therefrom, which constitutes a Bankruptcy Event; 

  

	 	(h)	 no proceeds of any purchase by the Purchaser of Purchased Receivables from the Funding Seller pursuant to this
Agreement will be used to purchase or carry, or to extend credit to others for the purpose of purchasing or carrying, “margin stock” within the meaning of Regulation T, U or X promulgated by the Board of Governors of the Federal Reserve
System from time to time; 

  

	 	(i)	 the Funding Seller (i) is not overdue in the filing of any income tax returns or any other tax returns
required to be filed; (ii) has made adequate provision for the payment of all income taxes and all other taxes, assessments and other government charges; and (iii) is wholly-owned (or so treated for U.S. federal tax purposes) by one member
of the consolidated tax group of which TMUS is the common parent and has not made, and will not make, an election to be treated as an association taxable as a corporation for U.S. federal tax purposes; 

 

	 	(j)	 the Funding Seller has not changed its name or legal structure in the four months immediately preceding the
Closing Date and is not known by and does not use any trade name or doing-business-as name; 

  
 59 

	 	(k)	 the Funding Seller is not an “investment company” under, and as defined in, the Investment Company
Act of 1940, as amended; 

  

	 	(l)	 (i) no purchase by the Purchaser of Purchased Receivables from the Funding Seller pursuant to this Agreement
has been made for or on account of an antecedent debt owed by the Funding Seller to the Purchaser and no such purchase is or may be voidable or subject to avoidance under any section of any applicable bankruptcy law or by general principles of
equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and (ii) the sale of Purchased Receivables by the Funding Seller to the Purchaser pursuant to this Agreement, and all other transactions between the
Funding Seller and the Purchaser, have been and will be made in good faith and without intent to hinder, delay or defraud creditors of the Funding Seller or any other member of the T-Mobile Group;

  

	 	(m)	 the Funding Seller has not breached any laws applicable to it or its business or property;

  

	 	(n)	 the Funding Seller is not required to account to any governmental body or agency for any value added or other
similar tax in respect of the assignment by the Funding Seller of any Purchased Receivable and no withholding or other tax is deductible or payable on any payment made by any Obligor with respect to any Purchased Receivable; 

 

	 	(o)	 the Funding Seller is exclusively resident for tax purposes in the United States and, for the purposes of this
Agreement and the other Transaction Documents to which it is a party, will not act through any branch or permanent establishment located outside of the United States; 

 

	 	(p)	 the Funding Seller is not required to make any deduction for or on account of taxes from any payment made by it
under a Transaction Document; 

  

	 	(q)	 duly completed and sufficient UCC financing statements covering all Receivables and Related Rights sold by the
Funding Seller to the Purchaser hereunder have been filed (A) with the Secretary of State of Delaware, naming the Funding Seller as debtor, the Purchaser as secured party, and the Co-Agents as the
assignees of the secured party, and (B) with respect to each Originator, with the Secretary of State of the state in which such Originator is organized or otherwise “located” for purposes of the UCC, naming such Originator as debtor,
the Initial Purchaser as secured party, and the Funding Seller as the assignee of the secured party, and (C) with respect to each Originator, with the Secretary of State of the state in which such Originator is organized or otherwise
“located” for purposes of the UCC, assigning each UCC financing statement described in the foregoing clause (B) to the Purchaser as the assignee of the Funding Seller, in each case as may be necessary under the UCC in order to perfect
the Bank Collections Agent’s interest in the Purchased Receivables; 

  

	 	(r)	 the Funding Seller is not an employee benefit plan that is subject to Title I of ERISA or Section 4975 of
the Code or a “benefit plan investor” as defined in Section 3(42) of ERISA and the Funding Seller shall not use the assets of an employee benefit plan that is subject to Title I of ERISA or Section 4975 of the Code or any
“benefit plan investor” as defined in Section 3(42) of ERISA to discharge any of its obligations under this Agreement or the Contribution Agreement; 

  
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	 	(s)	 upon each purchase of Purchased Receivables hereunder, the Purchaser shall acquire (i) a valid and
perfected ownership interest in each such Purchased Receivable and all identifiable cash proceeds thereof and (ii) a valid ownership interest in all Related Rights with respect thereto; 

 

	 	(t)	 no effective financing statement or other instrument similar in effect covering any Contract or any Purchased
Receivable or the Related Rights or Collections with respect thereto is on file in any recording office, except those filed in favor of the Co-Agents relating to this Agreement and the other Transaction
Documents; 

  

	 	(u)	 each Monthly Report (if prepared by the Funding Seller, or to the extent that information contained therein is
supplied by the Funding Seller), information, exhibit, financial statement, document, book, record or report furnished at any time by or on behalf of the Funding Seller to the Purchaser in connection with this Agreement is true, complete and
accurate in all material respects as of its date or as of the date so furnished, and, as of such date, no such document contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements
contained therein, in the light of the circumstances under which they were made, not misleading; 

  

	 	(v)	 the principal place of business and chief executive office of the Funding Seller and the office where the
Funding Seller keeps its records concerning the Purchased Receivables are located at the address or addresses in Annex 1 hereto; 

  

	 	(w)	 the name and address of the Collection Account Bank, together with the account number of the Collection
Account, are specified in the Master Receivables Purchase Agreement Side Letter; 

  

	 	(x)	 the Funding Seller was formed on November 8, 2013 and the Funding Seller did not engage in any business
activities prior to the Closing Date; the Funding Seller has no Subsidiaries; and 

  

	 	(y)	 no event has occurred and is continuing that constitutes a Termination Event. 

 

	6.2	 The Performance Guarantor. Each of TMUS and TMUSA hereby represents and warrants to each of the
Purchasing Entities that, as of the date hereof and each Purchase Date: 

  

	 	(a)	 it is a corporation duly organized, validly existing and in good standing under the laws of the State of
Delaware, (ii) is duly qualified to do business and (iii) has all corporate or other organizational power and all licenses, authorizations, consents, approvals and qualifications, of and from all third parties required to execute and
deliver and perform its obligations under the Transaction Documents to which it is a party and to carry on its business in each jurisdiction in which its business is now conducted except where the failure to so qualify could not be expected to have
a material adverse effect on its ability to perform its duties or obligations under the Transaction Documents; 

  
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	 	(b)	 the execution, delivery and performance by it of this Agreement and any other Transaction Document to which it
is a party, (i) are within its corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) do not, with respect to execution and delivery, and will not, with respect to the performance of its obligations,
contravene or constitute a default under (A) its organic documents, (B) any applicable law, (C) any contractual restriction binding on or affecting the Performance Guarantor or its property or (D) any order, writ, judgment,
award, injunction or decree binding on or affecting the Servicer or its property; 

  

	 	(c)	 each Transaction Document to which it is a party has been duly executed and delivered by it;

  

	 	(d)	 no authorization, approval, license, consent, qualification or other action by, and no notice to or filing or
registration with, any governmental body or agency or official thereof or any third party is required for the due execution, delivery and performance by it of this Agreement or any other Transaction Document to which it is a party or any other
document to be delivered by it hereunder or thereunder, all of which have been duly made or taken, as the case may be, and are in full force and effect; 

  

	 	(e)	 each Transaction Document to which it is a party constitutes its legal, valid and binding obligations
enforceable against it in accordance with its terms, subject to any limitation on the enforceability thereof against it arising from the application of any applicable bankruptcy law or by general principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at law); 

  

	 	(f)	 no Bankruptcy Event has occurred with respect to it; and 

 

	 	(g)	 each of the Originators is its direct or indirect, wholly owned subsidiary and is duly organized and validly
existing under the laws of the state specified as its jurisdiction of organization in Annex 4. 

  

	6.3	 The Receivables. The Funding Seller hereby represents, warrants and covenants to each of the Purchasing
Entities as of each Purchase Date with respect to each Receivable purchased or purported to be purchased on such date, that: 

  

	 	(a)	 such Receivable is a validly existing Eligible Receivable and each Contract with respect to such Receivable is
effective to create, and has created, a legal, valid and binding obligation of the related Obligor to pay the Outstanding Balance of the Receivable created thereunder and any accrued interest thereon, enforceable against the Obligor in accordance
with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at law); 

  

	 	(b)	 the Funding Seller has sole legal, good and marketable, and beneficial title to such Receivable;

  
 62 

	 	(c)	 the Funding Seller has not entered into any agreements that would impair the rights of the Purchaser in, or
altered any of the material terms (including the maturity or Due Date) of, such Receivable; 

  

	 	(d)	 the Funding Seller has not previously sold, transferred or otherwise disposed of such Receivable to, or in
favor of, any Person other than the Purchaser; 

  

	 	(e)	 the sale of such Receivable, together with any and all Related Rights, to the Purchaser pursuant to this
Agreement constitutes a valid sale, transfer and assignment of all of the Funding Seller’s right, title and interest in, to and under such Receivable and Related Rights to the Purchaser that is perfected and of first priority under the UCC and
otherwise, enforceable against creditors of, and subsequent purchasers from, the Funding Seller and free and clear of any Adverse Claim (other than any Adverse Claim arising under any Transaction Document); such sale, transfer and assignment is made
for “reasonably equivalent value” (as such term is used in Section 548 of the Bankruptcy Code) and not for, or on account of, “antecedent debt” (as such term is used in Section 547 of the Bankruptcy Code); and without
limiting any of the foregoing, such sale, transfer and assignment (i) is not voidable or subject to avoidance under applicable law and (ii) is made in good faith without the intent to defraud any creditors of the Funding Seller or any
Originator; 

  

	 	(f)	 the Funding Seller (i) shall have received such Receivable as a contribution of capital by the Initial
Purchaser or (ii) shall have purchased such Receivable from the Initial Purchaser in exchange for payment (made by the Funding Seller to the Initial Purchaser in accordance with the provisions of the Contribution Agreement) of cash or a
deferred purchase price in an amount that constitutes fair consideration and reasonably equivalent value. Each such sale referred to in clause (ii) of the preceding sentence shall not have been made for or on account of an antecedent Debt owed
by the Originators or the Initial Purchaser to the Funding Seller and no such sale is voidable or subject to avoidance under any section of the Bankruptcy Code; and 

 

	 	(g)	 no event would result from a purchase in respect of such Receivable or from the application of the proceeds
therefrom that constitutes a Termination Event. 

  

	6.4	 Liability. The Funding Seller shall be liable for the accuracy of the foregoing representations and
warranties regardless of whether any Purchasing Entity actually was aware or could have been aware of the respective facts and circumstances at the time of purchase. 

 

	7.	 CERTAIN COVENANTS OF THE FUNDING SELLER, THE SERVICER, THE PERFORMANCE GUARANTOR, THE BANK PURCHASING
AGENT AND THE PURCHASER 

  

	7.1	 Until the Final Termination Date: 

 

	 	(a)	 The Funding Seller and each of the Performance Guarantors will comply in all material respects with all
applicable laws, rules, regulations and orders and preserve and maintain its existence, rights, franchises, qualifications, and privileges except to the extent that the 

  
 63 

	 	
failure so to comply with such laws, rules and regulations or the failure so to preserve and maintain such existence, rights, franchises, qualifications and privileges would not materially
adversely affect the collectibility of the Purchased Receivables or the ability of the Funding Seller or the Performance Guarantors to perform its obligations under the Transaction Documents. 

 

	 	(b)	 The Funding Seller will keep its principal place of business and chief executive office and the office where it
keeps its records concerning the Purchased Receivables (and all original documents relating thereto) at the address of the Funding Seller set forth in Annex 1 or, upon 30 days’ prior written notice to the Purchaser and the Bank Collections
Agent, at any other locations in jurisdictions where all actions reasonably requested by the Bank Collections Agent to protect and perfect the interest in the Purchased Receivables and the Related Rights with respect thereto have been taken and
completed. The Servicer also will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing the Purchased Receivables and related Contracts in the event of the
destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Purchased Receivables (including, without limitation, records adequate to
permit the daily identification of each Purchased Receivable and all Collections of and adjustments to each existing Purchased Receivable). 

  

	 	(c)	 The Funding Seller will require, at its expense, that each Originator will timely and fully perform and comply
with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Purchased Receivables, and timely and fully comply in all material respects with the Credit and Collection Policy in regard
to each Purchased Receivable and the related Contract. 

  

	 	(d)	 The Funding Seller will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create
or suffer to exist any Adverse Claim upon or with respect to, any Purchased Receivable or Related Rights, or upon or with respect to the Collection Account, or assign any right to receive income in respect thereof, except to the extent arising under
any Transaction Document. 

  

	 	(e)	 Neither the Funding Seller nor the Servicer nor any of their respective Affiliates (which shall include the
Originators) shall be permitted to grant to any Person other than the Purchaser and the Bank Collections Agent a security interest (as such term is defined in the UCC) in (i) any Collections (A) before they are deposited to the Collection
Account or distributed to the Funding Seller pursuant to Section 2.6 or (B) after they are deposited to the Collection Account pursuant to Section 2.6 or (ii) the Collection Account itself. 

 

	 	(f)	 Except as provided in Section 3.2(b), the Funding Seller and the Servicer will not (i) extend the
maturity or adjust the Outstanding Balance or otherwise modify the terms of any Purchased Receivable in a manner that would result in the Dilution of such Purchased Receivable or that would otherwise prevent such Purchased Receivable from being an
Eligible Receivable unless, in each case, the Funding Seller shall have been deemed to have received a Collection in respect of such Purchased Receivable, or (ii) amend, modify or waive in any material respect any term or condition relating to
payments under or enforcement of any Contract related thereto. 

  
 64 

	 	(g)	 None of the Funding Seller, the Servicer or either Performance Guarantor will make or permit any change in the
character of its business that would, in either case, materially adversely affect the collectibility of the Purchased Receivables or the ability of the Funding Seller, the Servicer, or such Performance Guarantor to perform its obligations under this
Agreement. 

  

	 	(h)	 The Servicer will, or will cause the Originators to, instruct all Obligors to make payments with respect to the
Purchased Receivables to a Payment Account and will not make or permit any change in the instructions to Obligors regarding payments to be made to a Payment Account, other than a change related solely to instructions to Obligors to pay to a new
Payment Account which has been identified in writing to each of the Purchasing Entities. 

  

	 	(i)	 The Funding Seller will not terminate or cause or permit the termination of the bank as the Collection Account
Bank that is listed in the Master Receivables Purchase Agreement Side Letter or terminate the Account Control Agreement. The Funding Seller will not permit any provision of the Account Control Agreement to be changed, amended, modified or waived
without the prior written consent of the Bank Collections Agent. 

  

	 	(j)	 At its expense, the Servicer will mark its, and the Funding Seller’s, master data processing records
evidencing Purchased Receivables and related Contracts with a legend evidencing that such Purchased Receivables and related Contracts have been sold in accordance with this Agreement. 

 

	 	(k)	 TMUS, as Performance Guarantor, will provide to each Purchasing Entity the following: 

 

	 	(A)	 as soon as available and in any event within 45 days after the end of the first three quarters of each fiscal
year of TMUS, balance sheets of TMUS, and its Subsidiaries as of the end of such quarter and statements of income and retained earnings of TMUS, and its Subsidiaries for the period commencing at the end of the previous fiscal year and ending with
the end of such quarter, certified by the chief financial officer of TMUS; 

  

	 	(B)	 as soon as available and in any event within 90 days after the end of each fiscal year of TMUS, a copy of the
annual report for such year for TMUS and its Subsidiaries, containing financial statements for such year audited by PriceWaterhouse Coopers LLP or other independent public accountants of recognized national standing; 

 

	 	(C)	 at least ten (10) Business Days prior to any change in the name of an Originator or the Funding Seller, a
notice setting forth the new name and the effective date thereof and UCC-3 amendments to all then existing UCC-1 financing statements filed in connection with the
Transaction Documents; 

  
 65 

	 	(D)	 no later than 2 Business Days after the Funding Seller or the Performance Guarantor has knowledge thereof
notice of any Termination Event or any material breach of any representation, warranty or covenant under any other Transaction Document; 

  

	 	(E)	 as soon as possible and in any event no later than the day of occurrence thereof, notice that any Originator or
the Initial Purchaser has ceased selling or contributing (as the case may be) Receivables as required pursuant to the Conveyancing Agreement or the Contribution Agreement, respectively; 

 

	 	(F)	 at the time of the delivery of the financial statements provided for in clauses (A) and (B) above, a
certificate of the chief financial officer or the treasurer of the Funding Seller or TMUS (x) setting forth in reasonable detail the calculation of the Consolidated Equity Ratio and the Consolidated Leverage Ratio for the period then ended, and
(y) certifying, to the best of such officer’s knowledge, that no Termination Event has occurred and is continuing or, if any Termination Event has occurred and is continuing, specifying the nature and extent thereof; and

  

	 	(G)	 promptly after receipt thereof, copies of all consents requested from the Funding Seller by, and all notices or
other documents received by the Funding Seller from, any Originator under the Conveyancing Agreement; and 

  

	 	(H)	 promptly after request therefore, such other information, documents, records or reports respecting the
condition or operations, financial or otherwise, of either Performance Guarantor as the Bank Purchasing Agent or the Bank Collections Agent may from time to time reasonably request, provided that information relating to specific Receivables shall be
limited to the T-Mobile Information. 

 The reporting requirements specified above
may be satisfied by filing with the Securities and Exchange Commission through the EDGAR electronic filing system. 
  

	 	(l)	 None of the Funding Seller, the Servicer, either Performance Guarantor or any of their respective Affiliates
shall exercise any option (if any) available to it under German law to have value added tax apply with respect to any supply, for German value added tax purposes, rendered in connection with the sale of the Receivables contemplated by the
Transaction Documents, provided that any party having such an option right shall be required to exercise such option if the Bank Purchasing Agent shall so request in writing. 

 

			
	 (m) 
	  	 (i) T-Mobile PCS Holdings undertakes, for the
benefit of each of the Affected Parties, to retain on an on-going basis a material net economic interest pursuant to Article 6(1) of Regulation (EU) No. 2017/2402 (the “Securitisation
Regulation”) and the technical standards relating thereto as of the date of this Agreement. On each Business Day after the date hereof, such interest shall, as set out in Article 6(3)(c) of the Securitisation Regulation, be comprised of an
interest in Receivables randomly selected from, and having an aggregate Nominal Value of no less than 5% of the aggregate Nominal Values of, all of the Purchased Receivables sold by

	 	

  
 66 

	 	
the Originators to T-Mobile PCS Holdings on such Business Day. T-Mobile PCS Holdings shall not, and shall not
permit any Affiliate, to enter into any credit risk mitigation, short positions or any other hedge with respect to the retained interest, except to the extent permitted under the Securitisation Regulation. 

 

	 	(ii)	 In each Monthly Report to be delivered pursuant to this Agreement,
T-Mobile PCS Holdings shall confirm whether T-Mobile PCS Holdings is in compliance with clause (i) above, which confirmation shall be deemed satisfied by delivery
of each Monthly Report containing such confirmation. 

  

	 	(iii)	 T-Mobile PCS Holdings shall cooperate with each Affected Party, as
applicable, by providing information or documents reasonably requested by such Affected Party in order to allow such Affected Party to conduct its due diligence required under the Securitisation Regulation so that such Affected Party shall be able
to demonstrate to the competent authorities (who have jurisdictional authority over such Affected Party) that such Affected Party has performed its due diligence and monitoring obligations (to the extent applicable) under the Securitisation
Regulation; provided that (1) any information provided by T-Mobile PCS Holdings shall be subject to the confidentiality provisions set forth in Article 12 hereof and (2) any such information relating
to the Receivables or the related Obligors shall be limited to the T-Mobile Information. 

  

	 	(iv)	 In the event of a breach of clause (i), (ii) or (iii) above by
T-Mobile PCS Holdings, in addition to any remedy available for an Affected Party at law, to the extent that such breach resulted in an additional risk-weighted capital charge (“Capital Cost”)
imposed on such Affected Party, such Capital Cost shall be treated as an Increased Cost for such Affected Party and shall be payable as an Increased Cost in accordance with the terms of Section 4.4. 

 

	7.2	 Non-Consolidation and Separateness Covenants. Until the Final
Termination Date: 

  

	 	(a)	 (i) The Funding Seller shall at all times maintain at least one independent director who (w) is not currently
and has not been during the five years preceding the date of this Agreement an officer, director or employee of, or a major vendor or supplier of services to, an Affiliate of the Funding Seller or any Other Corporation, (x) is not a current or
former officer or employee of the Funding Seller or any Other Corporation, (y) is not a stockholder of any Other Corporation or any of their respective Affiliates, and (z) is an employee of a company the business of which is to provide directors
with respect to special purpose entities. 

  

	 	(b)	 The Funding Seller shall not direct or participate in the management of any of the Other Corporations’
operations. 

  

	 	(c)	 The Funding Seller shall conduct its business from an office separate from that of the Other Corporations (but
which may be located in the same facility as one or more of the Other Corporations). The Funding Seller shall have stationery and other business forms and a mailing address and a telephone number separate from that of the Other Corporations.

  
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	 	(d)	 The Funding Seller shall at all times be adequately capitalized in light of its contemplated business.

  

	 	(e)	 The Funding Seller shall at all times provide for its own operating expenses and liabilities from its own
funds. 

  

	 	(f)	 The Funding Seller shall maintain its assets and transactions separately from those of the Other Corporations
and reflect such assets and transactions in financial statements separate and distinct from those of the Other Corporations and evidence such assets and transactions by appropriate entries in books and records separate and distinct from those of the
Other Corporations. The Funding Seller shall hold itself out to the public under the Funding Seller’s own name as a legal entity separate and distinct from the Other Corporations. The Funding Seller shall not hold itself out as having agreed to
pay, or as being liable, primarily or secondarily, for, any obligations of the Other Corporations. 

  

	 	(g)	 The Funding Seller shall not maintain any joint account with any Other Corporation or become liable as a
guarantor or otherwise with respect to any Debt or contractual obligation of any Other Corporation. 

  

	 	(h)	 The Funding Seller shall not make any payment or distribution of assets with respect to any obligation of any
Other Corporation or grant an Adverse Claim on any of its assets to secure any obligation of any Other Corporation. 

  

	 	(i)	 The Funding Seller shall not make loans, advances or otherwise extend credit to any of the Other Corporations.

  

	 	(j)	 The Funding Seller shall hold regular duly noticed meetings of its managers and make and retain minutes of such
meetings. 

  

	 	(k)	 The Funding Seller shall have bills of sale (or similar instruments of assignment) and, if appropriate, UCC-1 financing statements, with respect to all assets purchased from any of the Other Corporations. 

  

	 	(l)	 The Funding Seller shall not engage in any transaction with any of the Other Corporations, except as permitted
by this Agreement and the Contribution Agreement. 

  

	 	(m)	 The Funding Seller shall not, and shall not permit the Initial Purchaser to, amend, waive or modify any
provision of any of the Transaction Documents without the prior written consent of the Bank Purchasing Agent. The Funding Seller will perform all of its obligations under the Transaction Documents in all material respects and will enforce the
Transaction Documents in accordance with their terms in all material respects. 

  
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	 	(n)	 The Funding Seller shall not engage in any business other than the purchase of Receivables and Related Rights
from the Originators and the transactions contemplated by this Agreement. The Funding Seller will not create or form any Subsidiary. 

  

	 	(o)	 The Funding Seller shall not merge with or into or consolidate (other than for accounting purposes) with or
into, or convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions), all or substantially all of its assets (whether now owned or hereafter acquired) to, or acquire all or substantially all of the
assets or capital stock or other ownership interest of, or enter into any joint venture or partnership agreement with, any Person. 

  

	 	(p)	 The Funding Seller shall not declare or make any dividend payment or other distribution of assets, properties,
cash, rights, obligations or securities on account of any shares of any class of capital stock of the Funding Seller, or return any capital to its shareholders as such, or purchase, retire, defease, redeem or otherwise acquire for value or make any
payment in respect of any shares of any class of capital stock of the Funding Seller or any warrants, rights or options to acquire any such shares, now or hereafter outstanding; provided, however, that the Funding Seller may declare and pay
cash dividends on its capital stock to its shareholders so long as (i) no Termination Event shall then exist or would occur as a result thereof, (ii) such dividends are in compliance with all applicable law including the corporate law of
the state of the Funding Seller’s formation, and (iii) such dividends have been approved by all necessary and appropriate corporate action of the Funding Seller. 

 

	 	(q)	 The Funding Seller shall not incur any Debt, other than any Debt incurred pursuant to the Transaction
Documents. 

  

	 	(r)	 The Funding Seller will not amend its limited liability company agreement without the prior written consent of
the Bank Purchasing Agent. 

  

	7.3	 If, at any time prior to the Final Termination Date, the Purchaser determines that it may be required to take
any discretionary action or to refrain from taking any discretionary action , then (A) the Purchaser may (but shall not be obligated to) consult with the Bank Purchasing Agent’s New York Branch regarding the Purchaser’s exercise of
such discretion, and (B) upon the receipt of any related advice from the Bank Purchasing Agent’s New York Branch (which the Bank Purchasing Agent’s New York Branch may (but shall not be obligated) to provide to the Purchaser), the
Purchaser may (but shall not be obligated to) act in accordance with such advice; provided, however, it is also hereby agreed and understood that, if the Purchaser shall seek any consultation contemplated by this Section 7.3, (i) the Purchaser
shall not be permitted to, and shall not, consult with any office or personnel of the Bank Purchasing Agent or any other Person located in Germany or otherwise outside of the United States of America, and (ii) without limiting the foregoing, in
connection therewith, the Bank Purchasing Agent agrees that its offices and personnel located in Germany will not provide any advice or instruction to the Purchaser even if the Purchaser shall seek to consult or engage in any other similar form of
discourse directly with any of such offices or personnel. For the avoidance of doubt, and notwithstanding any of the foregoing, nothing contained in this Section 7.3 is intended, or shall be construed, to limit or otherwise apply to the ability
of the Bank Purchasing Agent or any Bank Purchaser to exercise any right granted to it, or to perform any obligation of it, under any other Transaction Document or otherwise, including the place or manner of the exercise of such right or the
performance of such obligation. 

  
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	7.4	 The parties acknowledge that the Funding Seller has furnished the Bank Collections Agent with each Notice of
Assignment, executed in blank. 

  

	8.	 CONDITIONS PRECEDENT 

 

	8.1	 The agreement of the Purchaser to purchase Receivables shall be subject to the prior satisfaction of all of the
conditions precedent set forth in Annex 5. 

  

	8.2	 Notwithstanding any contrary provision of this Agreement, it is expressly understood that each purchase of new
Receivables pursuant to Section 2.1(b) shall, unless otherwise directed by the Bank Purchasing Agent, occur automatically on each Business Day prior to the Facility Termination Date (to the extent that new Receivables become available for
purchase in accordance with such section) without the requirement that any further action be taken on the part of any Person and notwithstanding the failure of the Funding Seller to satisfy any of the conditions precedent in respect of such
purchase. If (A) any of the conditions precedent set forth in Annex 5 shall not be satisfied in respect of the purchase of any Receivables and (B) the Bank Purchasing Agent shall have elected to rescind the onward purchase and sale of such
Receivables pursuant to the Onward Receivables Purchase Agreement, then the Funding Seller and the Purchaser shall be required to rescind the related purchase and the Funding Seller shall be required to deposit into the Collection Account for the
Purchaser (by making a corresponding deposit into the Collection Account), an amount equal to the Collections that shall have been applied to make the affected purchase. 

 

	9.	 INDEMNIFICATION BY FUNDING SELLER 

 

	9.1	 Without limiting any other rights that any of the Purchasing Entities or any of their respective Affiliates or
employees, officers, directors, managers, agents or counsel (each, an “Indemnified Party”) may have hereunder or under applicable law, the Funding Seller hereby agrees to indemnify each Indemnified Party from and against any and all
claims, damages, costs, expenses, losses and liabilities (including reasonable attorneys’ fees) (all of the foregoing being collectively referred to herein as “Indemnified Amounts”) arising out of or resulting from this
Agreement or any other Transaction Document or the ownership of the Purchased Receivables or any Contract, excluding, however, (a) Indemnified Amounts to the extent resulting from gross negligence or willful misconduct on the part of such
Indemnified Party, (b) recourse for uncollectible Receivables (except as expressly provided for herein), (c) any Excluded Taxes or (d) with respect to subparagraph (i) below, Indemnified Amounts directly attributable to the Bank
Purchasing Agent’s failure to comply with its agreements contained in Section 7.3. Without limiting or being limited by the foregoing (but subject to the aforementioned exclusions), the Funding Seller shall pay on demand to each
Indemnified Party any and all amounts necessary to indemnify such Indemnified Party from and against any and all Indemnified Amounts relating to or resulting from any of the following: 

  
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	 	(a)	 the sale of any Receivable that is not at the date of such sale an Eligible Receivable except to the extent it
has made a payment to the Collection Account pursuant to Section 2.5; 

  

	 	(b)	 any representation or warranty or statement made or deemed made by the Funding Seller (or any of its officers)
pursuant to this Agreement and the other Transaction Documents that shall have been incorrect when made or deemed made; 

  

	 	(c)	 the failure by the Funding Seller or any of the Originators to comply with any applicable law, rule or
regulation with respect to any Purchased Receivable or the related Contract; or the failure of any Purchased Receivable or the related Contract to conform to any such applicable law, rule or regulation; 

 

	 	(d)	 the failure to vest and maintain vested in the Purchaser a first priority perfected ownership interest in the
Purchased Receivables (subject to the assignment of such interest to the Co-Agents), in each case free and clear of any Adverse Claim. 

 

	 	(e)	 any failure of the Funding Seller to perform its duties or obligations in accordance with the provisions hereof
or of any of the Transaction Documents to which it is a party, or under any Contract; 

  

	 	(f)	 any products liability or other claim, investigation or proceeding (including any claim for unpaid sales,
excise or other taxes) arising out of or in connection with the goods or services or merchandise or insurance that are the subject of any Contract; 

  

	 	(g)	 the failure to deposit Collections into the Collection Account pursuant to the terms hereof;

  

	 	(h)	 any investigation, litigation or proceeding related to this Agreement or the ownership of Purchased Receivables
or in respect of any Purchased Receivable or Related Rights; or 

  

	 	(i)	 

  

	 	(i)	 any value added tax plus any interest and other ancillary Tax charges (A) applicable to the payment of the
Servicer Fee, the supply of the services rendered by the Servicer or the sale of the Receivables and the Related Rights pursuant to this Agreement or the Onward Receivables Purchase Agreement or (B) arising as a result of a breach by the
Funding Seller, the Servicer, the Performance Guarantor or any of their Affiliates of Section 7.1(l) (less any respective value added tax credits or deductions as are obtained by or credited to the Purchasing Entities, which credits or
deductions shall be taken into account following the final and unchangeable determination thereof by the German tax authorities; whereby the Bank Purchaser shall take reasonable steps to receive eligible value added tax credits or deductions by
filing respective returns); or 

  

	 	(ii)	 any Taxes payable by the Purchaser to the relevant German tax authorities if (contrary to the expectations of
the parties hereto) the Purchaser is determined by the relevant German tax authorities to have a permanent establishment or other taxable presence located in the Federal Republic of Germany. 

  
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	10.	 PAYMENTS 

  

	10.1	 All payments required to be made by the Funding Seller or the Performance Guarantor pursuant to this Agreement
shall be remitted in full (without set-off, counterclaim, deduction or withholding) to the accounts identified in the Master Receivables Purchase Agreement Side Letter or otherwise in accordance with the terms
of this Agreement. Each party hereto shall be permitted to change any of its accounts or the details related to any of its accounts identified in the Master Receivables Purchase Agreement Side Letter or otherwise in accordance with the terms of this
Agreement by notifying the other parties hereto in writing of its new account information. From time to time, at the direction of the Co-Agents or either of the
Co-Agents acting individually, any payments required to be made to the Purchaser shall be made to the accounts of the Bank Purchasers ratably in proportion to their respective Commitments.

  

	10.2	 Unless explicitly stated otherwise herein, all payments required to be made pursuant to this Agreement shall be
made in USD. 

  

	10.3	 Notwithstanding anything to the contrary contained in, or implied by, this Agreement, prior to the Facility
Termination Date, the Funding Seller and the Servicer and the Purchaser (or the Bank Purchasing Agent on its behalf) intend to, and shall, net all payments occurring on each Settlement Date. 

 

	11.	 TERM; TERMINATION 

 

	11.1	 This Agreement, from and after the date on which the KfW Guarantees shall be in full force and effect, shall
amend, restate and replace the Master Receivables Purchase Agreement in its entirety and shall remain in full force and effect until the Final Termination Date. 

 

	11.2	 Each of the following events or circumstances shall be considered to be a “Funding Seller Termination
Event” under this Agreement: 

  

	 	(a)	 a Change of Control shall occur; or 

 

	 	(b)	 the Bank Purchasing Agent shall notify any Obligor that the Purchased Receivables have been assigned hereunder
except as permitted by this Agreement, it being understood that the disclosure of this Agreement or the existence of this Agreement to the public generally shall not constitute such a notification; or 

 

	 	(c)	 the sale of the Purchased Receivables hereunder ceases to satisfy the requirements of IFRS or GAAP for off-balance sheet treatment, as determined in good faith by the Funding Seller’s accountants; provided that such cessation is not the result of any action or inaction by the Funding Seller or any other member
of the T-Mobile Group; or 

  

	 	(d)	 (A) the Servicer or any Originator is not able to take a bad debt deduction for federal income tax purposes for
Written-off Receivables or is unable to recover or receive a deduction, credit, or refund with respect to state or local sales or other similar transactional taxes paid or collected and remitted to the
appropriate Governmental Authority on Written-Off Receivables, in the aggregate in a 12-month period in excess of 50% of the total

  
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possible federal income tax bad debt deduction or 50% of the transactional taxes paid or collected and remitted to a Governmental Authority, as applicable, (B) the Funding Seller shall have
used commercially reasonable efforts to mitigate such inability including, without limitation, by providing each of the Purchasing Entities with a written proposal to reasonably amend the definition herein of the term “Designated State”
and which may be implemented with effect in 30 days and (C) the Bank Purchasing Agent shall not have agreed to such proposal within 10 days of its receipt; or 

 

	 	(e)	 any payment of Increased Costs is demanded from the Funding Seller pursuant to Section 4.4.

  

	11.3	 If any Funding Seller Termination Event shall occur and be continuing, the Funding Seller may, by notice to
each of the Purchasing Entities, declare the Facility Termination Date to have occurred (in which case the Facility Termination Date shall be deemed to have occurred). 

 

	11.4	 Each of the following events or circumstances shall be considered to be a “Termination Event”
under this Agreement: 

  

	 	(a)	 the Funding Seller, the Servicer, any Originator, the Initial Purchaser, or either Performance Guarantor shall
fail to make any payment required under this Agreement or any other Transaction Document and any such failure shall remain unremedied for five (5) days; or 

 

	 	(b)	 a Bankruptcy Event shall occur with respect to the Funding Seller, the Servicer, either Performance Guarantor,
the Initial Purchaser, any Originator; or 

  

	 	(c)	 the Funding Seller, the Servicer, either Performance Guarantor, the Initial Purchaser, or any Originator shall
fail, in any material manner, to perform or observe any other term, covenant or agreement contained in this Agreement or in any other Transaction Document on its part to be performed or observed and any such failure shall remain unremedied for ten
(10) days after the earlier to occur of (i) the receipt of written notice thereof from any of the Purchasing Entities or (ii) actual knowledge thereof by the Funding Seller or the Servicer; or 

 

	 	(d)	 either Performance Guarantor shall purport to revoke or terminate the Performance Guarantee, or the Performance
Guarantee shall no longer be in effect; or the Performance Guarantor shall fail to perform, in a timely manner, any of its obligations hereunder or under the Performance Guarantee; or there shall have occurred any material breach of any of the
representations and warranties, or any covenants or other agreements, made by the Performance Guarantor in this Agreement; or 

  

	 	(e)	 any representation or warranty made or deemed made by the Funding Seller, the Servicer, either Performance
Guarantor, the Initial Purchaser or any Originator (or any of their officers) pursuant to this Agreement or any other Transaction Document or any information or report delivered by the Funding Seller or the Servicer pursuant to this Agreement or any
other Transaction Document shall prove to have been incorrect or untrue in any material respect when made or deemed made or delivered and which, if capable of 

  
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cure, continues to be incorrect in any material respect for a period of ten (10) days after the earlier to occur of (i) the receipt of written notice thereof from the Bank Purchasing
Agent or any of the Bank Purchasers or (ii) actual knowledge thereof by the Funding Seller or the Servicer; or 

  

	 	(f)	 the Funding Seller shall fail to pay any principal of or premium or interest on any of its Debt that is
outstanding, or the Funding Seller, the Servicer, either Performance Guarantor, the Initial Purchaser or any Originator shall fail to pay any principal of or premium or interest on any of its Debt that is outstanding in a principal amount of at
least $100,000,000 in the aggregate, in each case when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if
any, specified in the agreement or instrument relating to such Debt; or any Securitization Obligation of the Funding Seller, the Servicer, either Performance Guarantor, the Initial Purchaser or any Originator in a principal amount of at least
$100,000,000 in the aggregate shall be accelerated prior to its express maturity; or any other event shall occur or condition shall exist under any agreement or instrument relating to any such Debt or Securitization Obligation and shall continue
after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Debt or Securitization Obligation; or any such
Debt or Securitization Obligation shall be declared to be due and payable, or required to be prepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased, or an offer to repay, redeem, purchase or defease such
Debt or Securitization Obligation shall be required to be made, in each case prior to the stated maturity thereof; or 

  

	 	(g)	 it shall become unlawful under any applicable law for any of the Funding Seller, the Servicer, either
Performance Guarantor, the Initial Purchaser, any Originator or any of the Purchasing Entities to perform any of their material obligations under this Agreement or any of the other Transaction Documents; or 

 

	 	(h)	 the unsecured, long-term debt of the Performance Guarantor shall be rated below (i) B+ by S&P or
(ii) B1 by Moody’s or shall cease to be rated by either S&P or Moody’s; or 

  

	 	(i)	 a Change of Control Triggering Event shall have occurred; or 

 

	 	(j)	 the three-month rolling average Aged Receivables Ratio on any Settlement Date exceeds 6.00%; or

  

	 	(k)	 the three-month rolling average Delinquency Ratio exceeds 4.50%; or 

 

	 	(l)	 the three-month rolling average Write-Off Ratio on any Settlement Date
exceeds 3.75% unless such breach (A) shall have been caused only by technical reasons (such as a change in information technology systems or procedures) and (B) shall be cured within 60 days; or 

 

	 	(m)	 the three-month rolling average Dilution Ratio on any Settlement Date exceeds 7.00%; or 

  
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	 	(n)	 the three-month rolling average Write-Off Horizon for Written-off Receivables and Unpaid Repurchased Receivables on any Settlement Date is less than 80 days or greater than 155 days, unless, in either case, such breach (A) shall not have been willful,
(B) shall have been caused only by technical reasons (such as a change in information technology systems or procedures) and (C) shall be cured within 60 days; or 

 

	 	(o)	 any purchase pursuant to this Agreement shall for any reason cease to create a valid and perfected ownership or
security interest in each applicable Purchased Receivable free and clear of any Adverse Claim (other than any Adverse Claim arising under any Transaction Document); or 

 

	 	(p)	 either of the Conveyancing Agreement or the Contribution Agreement shall no longer be in effect; or the
Originators or the Initial Purchaser, as applicable, shall fail to perform, in a timely manner, any of its material obligations thereunder or there shall have occurred any material breach of any of the representations and warranties, or any
covenants or other agreements, made thereunder by the Originators or the Initial Purchaser, as applicable; or 

  

	 	(q)	 the Consolidated Equity Ratio shall at any time be less than 17.5%; or 

 

	 	(r)	 the Consolidated Leverage Ratio shall at any time be greater than 500%; or 

 

	 	(s)	 Prior to the KfW Termination Date (i) KfW’s rating shall be less than Baa3 by Moody’s or BBB- by S&P, (ii) either of the KfW Guarantees shall be terminated or shall otherwise cease to be in full force and effect, or (iii) KfW shall repudiate its obligations thereunder and such KfW
Guarantee shall not have been replaced by another guarantee, letter of credit or cash deposit in form and substance reasonably satisfactory to the Bank Purchasing Agent; or 

 

	 	(t)	 the Level 3 Maximum Amount shall at any time be less than 25% of the Level 3 Maximum Amount as of the
Closing Date; 

  

	 	(u)	 on any Settlement Date, the ratio, expressed as a percentage, of: 

 

	 	(i)	 the aggregate Nominal Value of Purchased Receivables that have not been paid in full more than 90 days after
their respective Due Dates but that are not Written-Off Receivables (including Receivables that have been transferred pursuant to Section 5.1(a) or 5.1(b)); to 

 

	 	(ii)	 the sum of (A) the Mandatory Repurchase Reserve for all Batches on such Settlement Date, (B) the
product of the Discount Rate and the Settlement Date Receivables Balance, (C) the Level 3 Maximum Amount on such Settlement Date, (D) the Level 3A Maximum Amount on such Settlement Date, (E) the Level 4 Reserve Amount for
such Settlement Date and (F) the Discount Ledger Balance for such Settlement Date; 

 is greater than 50%; or 

  
 75 

	 	(v)	 the three-month rolling average Intramonth Dilution Ratio on any Settlement Date exceeds 20.00%.

  

	11.5	 If any Termination Event shall occur and be continuing, (x) the Bank Purchasing Agent may, by notice to
the Funding Seller, declare the Facility Termination Date to have occurred (in which case the Facility Termination Date shall be deemed to have occurred), provided that, automatically upon the occurrence of any event (without any requirement for the
passage of time or the giving of notice) described in Section 11.4(b), the Facility Termination Date shall occur, and (y) without limiting any right under this Agreement to replace the Servicer, the Bank Collections Agent may designate
another Person to succeed the then current Servicer as the Servicer. Upon such declaration or automatic occurrence of the Facility Termination Date, the Bank Collections Agent shall have (a) the rights of the Funding Seller as buyer under the
Contribution Agreement and (b) in addition to the rights and remedies that they may have under this Agreement, all other rights and remedies provided after default under the UCC of the appropriate jurisdiction or jurisdictions and under other
applicable law, which rights and remedies shall be cumulative. Consistent with the intentions of the parties set forth in Section 2.10, without limiting in any way the rights of the Bank Purchasers hereunder, it is the intention of the parties
that any declaration of a Facility Termination Date hereunder shall not be deemed an acceleration of indebtedness for any purpose but shall, pursuant to the terms of Section 2.7(b), cause a payment to the Purchaser of amounts already owned
by it (or its transferees) and subsequent payment by the Purchaser to the Funding Seller of any amount payable under this Agreement. 

  

	11.6	 If the Facility Termination Date shall occur in connection with Section 11.5, the Bank Collections Agent
may take (and the Funding Seller hereby irrevocably authorizes the Bank Collections Agent to take) any and all actions in the Funding Seller’s name and/or on behalf of the Funding Seller that, in the determination of the Bank Collections Agent,
shall be necessary or desirable in order to collect any amounts due under the Purchased Receivables and any of the Related Rights or to exercise or enforce any of the Related Rights. 

 

	11.7	 Notwithstanding anything herein or any other Transaction Document to the contrary, (a) the occurrence of
the Final Termination Date shall not discharge the Funding Seller, the Servicer, the Performance Guarantor or any other Person from any obligations incurred by it or them prior to such date and (b) the rights and remedies with respect to any
breach of any representation and warranty made by the Funding Seller or the Performance Guarantor hereunder any Originator under the Conveyancing Agreement shall survive the Final Termination Date. 

 

	11.8	 If the Facility Termination Date shall occur in connection with Section 11.5, then, on the Final
Termination Date, the Purchaser shall pay to the Funding Seller an amount equal to the Discount Ledger Balance as of the last Settlement Date to occur on or prior to the Final Termination Date. 

 

	11.9	 At any time that the aggregate Outstanding Balance of all Purchased Receivables is less than ten percent (10%)
of the amount of the highest Funding Limit in effect hereunder from and after the Closing Date, the Funding Seller may, in its sole discretion, repurchase all, but not less than all, of the then outstanding Purchased Receivables at a price, in
immediately available funds, equal to the Outstanding Balance of all such Purchased Receivables plus all fees and other amounts due to the 

  
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Purchaser hereunder (the “Clean-up Call”). The Funding Seller shall deposit such amount in the Collection Account. The Purchaser shall re-assign the outstanding Purchased Receivables to the Funding Seller if the Funding Seller exercises its right to, and pays the purchase price of, the Clean-up Call.

  

	11.10	 In the event that the Servicer (in its sole and absolute discretion) has notified the Purchaser that it has
determined that the transactions contemplated by this Agreement (or one of the other Transaction Documents) no longer needs to satisfy the requirements of IFRS for off-balance sheet treatment, then, on the
Final Termination Date, the Purchaser shall pay to the Funding Seller an amount equal to the Discount Ledger Balance as of the last Settlement Date to occur on or prior to the Final Termination Date. 

 

	12.	 CONFIDENTIALITY 

 

	12.1	 The parties shall treat as confidential this Agreement, the transactions contemplated hereunder and any and all
business and trade secrets and other information received in connection with this Agreement or the performance thereof and information about a party’s business or financial matters, technical information or any other proprietary information
relating to a party or its Affiliates and their respective operations, businesses, technical know-how and financial affairs, that is obtained by the other party as a result of the working relationship between
the parties, whether obtained prior to or during the term of this Agreement, or obtained during a further period of two (2) years following its termination or expiration (the “Confidential Information”). Confidential
Information shall include, without limitation, trade secrets, discoveries, ideas, concepts, know-how, techniques, designs, specifications, drawings, maps, blueprints, diagrams, flow charts and any other
technical, financial, business or proprietary information of any kind or nature whatsoever. The parties shall not disclose any Confidential Information to anyone, except to any assignees, potential assignees, the Bank Purchasers, potential
participants, or any of their respective directors, managers, executives, employees, affiliates, auditors, lawyers, advisors, authorized agents and/or duly appointed representatives who have a specific and reasonable interest in knowing, viewing and
using such Confidential Information and agree to be bound by the confidentiality provisions of this Section 12. 

  

	12.2	 The confidentiality provisions specified in Section 12.1 above shall not apply to the disclosure of
Confidential Information, which: 

  

	 	(a)	 is publicly available or is made available to the broad public by means other than a breach of this Agreement;
or 

  

	 	(b)	 has been made available by a third party, provided that neither the Bank Purchasing Agent nor the Funding
Seller was aware that such third party was in breach of any duty of confidentiality; or 

  

	 	(c)	 was already in such party’s possession or was independently developed by such party before the
Confidential Information was received; or 

  

	 	(d)	 must be disclosed pursuant to applicable law, any court order or instruction of any duly authorized
Governmental Authority; or 

  
 77 

	 	(e)	 is made publicly available or is disclosed subject to the prior written consent of the other parties with
respect to the content, form and manner of its presentation and publication; or 

  

	 	(f)	 is required for purposes of recovering the assigned Receivables or Related Rights or otherwise exercising any
of the rights and remedies of the Bank Purchasing Agent under the Transaction Documents. 

  

	12.3	 Notwithstanding anything to the contrary stated herein other than in Section 12.2(f), the parties hereto
agree that they will be bound by the additional confidentiality provisions contained in Annex 8 hereto as it relates to the T-Mobile Information. This Section 12 shall survive termination of this
Agreement. 

  

	13.	 NOTICES 

All notices and all other correspondence shall be sent by post, courier, fax or e-mail to the address,
fax number or e-mail account of the recipient as set forth in Annex 1 or to such other address, fax number or e-mail account the recipient has notified in writing. If
sent by e-mail, the e-mail text (excluding attachment) shall also be transmitted by fax. 
  

	14.	 ASSIGNMENTS 

  

	14.1	 None of the Funding Seller, the Purchaser, the Performance Guarantor or the Servicer may assign its rights or
obligations hereunder or any interest herein without the prior written consent of the Bank Purchasing Agent. 

  

	14.2	 The parties hereto acknowledge and agree that the Purchaser shall assign its rights hereunder to each of the Co-Agents (in their respective agency capacities provided for herein and in the Onward Receivables Purchase Agreement) for the benefit of the Bank Purchasers under the Onward Receivables Purchase Agreement. Neither
the Funding Seller, the Servicer or any other member of the T-Mobile Group shall have any rights to direct the operation or control over the Purchaser. 

 

	14.3	 The parties hereto hereby agree that each of the Purchasing Entities, each of the other Indemnified Parties,
and, solely for purposes of Section 2.7 and Section 23, Wells Fargo, shall be an intended third-party beneficiary of this Agreement, entitled to enforce this Agreement against the Funding Seller, the Servicer and the Performance Guarantor
as if each such Person were a party hereto. Except as provided in the immediately preceding sentence, no person or entity is or shall be deemed to be a third-party beneficiary of this Agreement or of any of the duties and obligations of any party
contained in this Agreement. 

  

	15.	 AMENDMENTS 

  

	15.1	 No amendment or waiver of any provision of this Agreement and no consent to any departure by the Funding
Seller, the Purchaser, the Performance Guarantor or the Servicer therefrom shall be effective unless in a writing signed by the Bank Purchasing Agent, and, in the case of any amendment, also signed by the Funding Seller, the Purchaser, the Servicer
and the Performance Guarantor. No failure on the part of the Bank Purchasing Agent to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder
preclude any other or further exercise thereof or the exercise of any other right. 

  
 78 

	16.	 OTHER COSTS 

In addition to the rights of indemnification granted under Section 9.1 hereof, the Funding Seller agrees to pay on demand all reasonable
and documented costs and expenses in connection with the preparation, execution, delivery and administration (including periodic auditing of Purchased Receivables) of this Agreement, any asset purchase or Onward Receivables Purchase Agreement or
similar agreement relating to the sale or transfer of the Purchased Receivables and the other documents and agreements to be delivered hereunder and thereunder, including, without limitation, the reasonable fees and expenses of counsel and with
respect to advising the Bank Purchasers and their respective Affiliates and agents as to their rights and remedies under this Agreement, and all costs and expenses, if any (including fees and expenses of counsel), of the Bank Purchasers and their
respective Affiliates and agents, in connection with the enforcement of this Agreement and the other documents and agreements to be delivered hereunder. 
  

	17.	 SEVERABILITY 

Should a provision of this Agreement be or become invalid or unenforceable, either in whole or in part, this shall not affect the validity of
the remaining provisions. The invalid or unenforceable provision shall be replaced by a valid provision which most closely reflects the legal and economic intent of the parties. The foregoing shall also apply to any omissions contained in this
Agreement. 
  

	18.	 MONEY LAUNDERING 

The Funding Seller warrants that it is acting on its own account with respect to all matters associated with this Agreement. The Funding Seller
shall provide the Bank Purchasing Agent with all information and documents necessary to identify and clarify the beneficial owner within the meaning of the German Money Laundering Act (Geldwäschegesetz) and the Third EU Money Laundering
Directive (Directive 2005/60/EC) and to clarify the PEP status (“politically exposed person”), and shall report any changes occurring in the course of the business relationship to the Bank Purchasing Agent without undue delay. 

 

	19.	 PERFORMANCE GUARANTEE 

 

	19.1	 Each Performance Guarantor (A) hereby irrevocably, absolutely and unconditionally guarantees to the
Purchaser, the Bank Purchasing Agent and the Bank Purchasers and their respective assignees the prompt performance when due of all obligations of the Servicer, the Originators and the Initial Purchaser hereunder and under each of the other
Transaction Documents (including, without limitation, payment in full when due, whether at stated maturity, by acceleration or otherwise, of all amounts owing by the Servicer, the Originators or the Initial Purchaser to the Funding Seller, the
Purchaser and the Bank Purchasing Agent) strictly in accordance with the terms hereof and thereof; and (B) accordingly agrees that, whenever the Servicer, any Originator or the Initial Purchaser shall fail to perform any such obligation when
due hereunder or thereunder, the 

  
 79 

	 	
Performance Guarantor shall immediately perform, or cause to be performed, such obligation as if it were the principal obligor and regardless of the reason for such failure (such obligations
being herein collectively referred to as the “Performance Guaranteed Obligations”). For the avoidance of doubt, neither Performance Guarantor shall have any obligation to guaranty (and does not guaranty) any obligations of the
Funding Seller under the Transaction Documents. For the sake of clarity, it is expressly acknowledged that the Performance Guaranteed Obligations do not include any act, inaction, obligation or liability of the Funding Seller to fully and punctually
pay, perform or comply with any of the terms, covenants, conditions, agreements, undertakings and obligations on the part of the Funding Seller to be paid, performed or complied with by it under this Agreement, any other Transaction Document or any
document entered into in connection with the foregoing. 

  

	19.2	 The obligations of each Performance Guarantor under this Performance Guarantee will not be affected by:

  

	 	(a)	 any amendment (however fundamental) or replacement of this Agreement, the Conveyancing Agreement or any other
document or security; 

  

	 	(b)	 any Bankruptcy Event with respect to the Funding Seller, the Servicer, any Originator or any other Person.

  

	19.3	 The obligations of each Performance Guarantor under this Performance Guarantee are absolute and unconditional,
irrespective of the validity or enforceability of any other section of this Agreement or any Transaction Document, the value of any collateral provided to the Bank Purchasing Agent or the Bank Collections Agent or the release or exchange of any such
collateral. The Performance Guarantor waives any right it may have of first requiring the Bank Purchasing Agent or the Bank Collections Agent to proceed against, or enforce any other rights or security or claim from, any person before claiming from
it under this guarantee. This waiver applies irrespective of any non-mandatory law or any provision of this Agreement to the contrary. Without limiting the generality of the foregoing, it is agreed that the
occurrence of any one or more of the following shall not alter or impair the liability of the Performance Guarantor hereunder, which shall remain absolute and unconditional as described above: 

 

	 	(a)	 at any time or from time to time, without notice to the Performance Guarantor, the time for any performance of
or compliance with any of the obligations of the Servicer or an Originator under the Transaction Documents shall be waived; 

  

	 	(b)	 any of the acts mentioned in any of the provisions of this Agreement or any other Transaction Document shall be
done or omitted; 

  

	 	(c)	 any of the Performance Guaranteed Obligations shall be modified, supplemented or amended in any respect, or any
right under this Agreement or any other Transaction Document shall be waived or any of the Performance Guaranteed Obligations or any security therefore shall be released or exchanged in whole or in part or otherwise dealt with; or

  
 80 

	 	(d)	 any lien or security interest granted to, or in favor of, either of the
Co-Agents as security for the Performance Guaranteed Obligations shall fail to be effective or perfected. 

Each Performance Guarantor hereby expressly waives diligence, presentment, demand of payment, protest and all notices whatsoever, and any
requirement that the Bank Purchasing Agent exhaust any right, power or remedy or proceed against any Originator or the Servicer or against any other Person under any other agreement, or guarantee of, or security for, any of the Performance
Guaranteed Obligations. 
  

	19.4	 The obligations of each Performance Guarantor under this Section 19 shall be automatically reinstated if
and to the extent that for any reason any payment by or on behalf of any Originator or the Servicer under this Agreement or any other Transaction Document is rescinded or must otherwise be restored by any holder of any of the Performance Guaranteed
Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, and the Performance Guarantor agrees that it will indemnify the Bank Purchasing Agent on demand for all reasonable costs and expenses (including,
without limitation, fees of counsel) incurred by the Bank Purchasing Agent in connection with such rescission or restoration, including any such costs or expenses incurred in defending against any claim alleging that such payment constituted a
preference, fraudulent transfer or similar payment under any bankruptcy, insolvency or similar law. 

  

	19.5	 Each Performance Guarantor hereby waives all rights of subrogation or contribution, whether arising by contract
or operation of law or otherwise by reason of any payment by it pursuant to the provisions of this Section 19. 

  

	19.6	 Each Performance Guarantor agrees that, as between such Performance Guarantor and any of the Purchasing
Entities, the obligations of the Originators and the Servicer under this Agreement and each other Transaction Document may be declared to be forthwith due and payable as provided herein and therein (and shall be deemed to have become automatically
due and payable as provided herein and therein) for the purposes of Section 19.1 hereof notwithstanding any stay, injunction or other prohibition preventing such declaration (or such obligations from becoming automatically due and payable) as
against any Originator or the Servicer and that, in the event of such declaration (or such obligations being deemed to have become automatically due and payable), such obligations (whether or not due and payable by any Originator or the Servicer, as
applicable) shall forthwith become due and payable by the Performance Guarantor for purposes of Section 19.1. 

  

	19.7	 The guarantee in this Section 19 is a continuing guarantee, and shall apply to all Performance Guaranteed
Obligations whenever arising. 

  

	19.8	 Without limiting or being limited by the foregoing, each Performance Guarantor shall pay on demand to each
Indemnified Party any and all amounts necessary to indemnify such Indemnified Party from and against any and all Indemnified Amounts relating to or resulting from either of the following: 

  
 81 

	 	(a)	 any value added tax plus any interest and other ancillary Tax charges (A) applicable to the payment of the
Servicer Fee, the supply of the services rendered by the Servicer or the sale of the Receivables and the Related Rights pursuant to this Agreement or the Onward Receivables Purchase Agreement or (B) arising as a result of a breach by the
Funding Seller, the Servicer, the Performance Guarantor or any of their Affiliates of Section 7.1(l) (less any respective value added tax credits or deductions as are obtained by or credited to the Purchasing Entities, which credits or
deductions shall be taken into account following the final and unchangeable determination thereof by the German tax authorities; whereby the Bank Purchaser shall take reasonable steps to receive eligible value added tax credits or deductions by
filing respective returns); or 

  

	 	(b)	 any Taxes, other than Excluded Taxes, payable by the Purchaser to the relevant German tax authorities if
(contrary to the expectations of the parties hereto) the Purchaser is determined by the relevant German tax authorities to have a permanent establishment or other taxable presence located in the Federal Republic of Germany. 

 

	19.9	 Joint and Several Obligations. Each of TMUS and TMUSA agrees to perform the obligations of the
Performance Guarantor hereunder on a joint and several basis. 

  

	20.	 TERMINATION OF KFW GUARANTEES 

 

	20.1	 Notwithstanding anything to the contrary stated herein, prior to the KfW Termination Date, the Funding Seller
may terminate either of the KfW Guarantees in the event that the Funding Seller provides the Bank Purchasing Agent with a cash deposit, another guarantee or a letter of credit in form and substance reasonably satisfactory to the Bank Purchasing
Agent. 

  

	20.2	 The parties hereto shall cooperate with the Funding Seller to effectuate such termination.

  

	21.	 PURCHASING ENTITIES’ UNDERTAKINGS RELATED TO GERMAN VAT 

 

	21.1	 No Purchasing Entity nor any of its Affiliates shall exercise any option (if any) available under German law to
have value added tax apply with respect to any supply, for German value added tax purposes, rendered in connection with the sale of the Receivables contemplated by the Transaction Documents, unless the recipient of such Taxes suffers no
disadvantage. In addition to the foregoing, the Funding Seller, the Servicer and the Performance Guarantor believe that the servicing obligations of the Servicer in connection with this agreement rendered to a Bank Purchaser located in Germany are
subject to German value added tax and that such value added tax should be fully recoverable as input value added tax by the respective Bank Purchaser. 

  

	22.	 BANKRUPTCY 

  

	22.1	 Each party hereto hereby covenants and agrees that prior to the date which is one year and one day after the
Final Termination Date, it will not institute against or join any other person in instituting against the Funding Seller any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of
the United States or any state of the United States or any other country. 

  
 82 

	23.	 LIMITED RECOURSE AGAINST WELLS FARGO 

 

	23.1	 It is expressly understood and agreed by the parties to this Agreement that (a) this Agreement is executed
and delivered by Wells Fargo, as trustee of Billing Gate One Trust, not in Wells Fargo’s individual or personal capacity but solely in such under the trust agreement of Billing Gate One Trust, in the exercise of the powers and authority
conferred and vested in it as trustee under such trust agreement, subject to the protections, indemnities and limitations from liability afforded to Wells Fargo as trustee thereunder; (b) in no event shall Wells Fargo, in its individual
capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Purchaser or any other party hereto; (c) in no event shall Wells Fargo have any obligation to perform any of the obligations and
covenants of the Purchaser or any other party to this Agreement; and (d) under no circumstances shall Wells Fargo be personally liable for the payment of any fees, costs, indebtedness or expenses of any kind whatsoever or be personally liable
for the breach or failure of any obligation, representation, agreement, warranty or covenant whatsoever made or undertaken by the Purchaser or any other party hereunder. 

 

	24.	 CHOICE OF LAW AND JURISDICTION; WAIVER OF
JURY TRIAL 

  

	24.1	 THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO
CONFLICT OF LAWS PRINCIPLES, EXCEPT TO THE EXTENT THAT THE PERFECTION OF THE RESPECTIVE INTERESTS OF THE CO-AGENTS AND THE PURCHASER IN THE PURCHASED RECEIVABLES AND THE RELATED RIGHTS ARE GOVERNED BY THE LAWS
OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK. 

  

	24.2	 EACH PARTY HERETO HEREBY (A) IRREVOCABLY SUBMITS TO THE
NON-EXCLUSIVE JURISDICTION OF ANY NEW YORK STATE OR FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK, NEW YORK, OVER ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT, (B) IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF THE ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH STATE OR FEDERAL COURT, AND (C) IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, THE DEFENSE OF
AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING. NOTHING IN THIS SECTION SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR AFFECT THE RIGHT OF ANY PARTY HERETO TO BRING
ANY ACTION OR PROCEEDING AGAINST ANY OR ALL OF THE OTHER PARTIES HERETO OR ANY OF THEIR RESPECTIVE PROPERTIES IN THE COURTS OF ANY OTHER JURISDICTION. 

  

	24.3	 EACH PARTY HERETO WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY
RIGHTS UNDER OR RELATING TO THIS AGREEMENT OR ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR THAT MAY IN THE FUTURE BE DELIVERED IN CONNECTION THEREWITH OR ARISING FROM ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER
VERBAL OR WRITTEN), ACTIONS OF ANY OF THE PARTIES HERETO OR ANY OTHER RELATIONSHIP EXISTING IN CONNECTION WITH THIS AGREEMENT, AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL HE TRIED BEFORE A COURT AND NOT BEFORE A JURY. 

  
 83 

	25.	 COUNTERPARTS 

This Agreement may be executed in any number of counterparts, all of which when taken together shall constitute one and the same instrument.

  

	26.	 EXECUTION 

This Agreement, to the extent no other form is required by law, may be concluded by an exchange of telefaxes or scanned signatures or any
combination of scanned signatures and/or faxed signatures and/or original signatures (whereby in each case an exchange of signature pages suffices). For purposes of proof and confirmation only, each party may request that one or several copies of
this Agreement shall be originally signed by the parties. 
  

	27.	 ANTI-CORRUPTION; SANCTIONS 

 

	27.1	 Definitions. In this Article 27: 

“Anti-Corruption Laws” means all United States laws, rules, and regulations applicable to the Funding Seller or its
Subsidiaries or any T-Mobile Party or its Subsidiaries from time to time concerning or relating to bribery or corruption, including, without limitation, the Foreign Corrupt Practices Act of 1977, as amended,
and any economic sanctions regulations administered and enforced by OFAC or the U.S. Department of State. 
 “OFAC” means
the Office of Foreign Assets Control of the United States Department of Treasury. 
 “Sanctioned Country” means, at any
time, a country or territory which is the subject or target of any Sanctions, including, without limitation, as of the date hereof, Cuba, Burma (Myanmar), Iran, North Korea, Sudan and Syria. 

“Sanctioned Person” means, at any time, any Person currently the subject or the target of any Sanctions, including any Person
listed in any Sanctions-related list of designated Persons maintained by OFAC or the U.S. Department of State. 

“Sanctions” means economic, financial or other sanctions or trade embargoes imposed, administered or enforced from time to
time by the U.S. government, including those administered by OFAC or the U.S. Department of State. 

“T-Mobile Party” means any member of the
T-Mobile Group, other than the Funding Seller, that is a party to any of the Transaction Documents. 

  
 84 

	27.2	 Representation of Performance Guarantor as to T-Mobile Parties.
Each of TMUS and TMUSA hereby represents and warrants to each of the Purchasing Entities that, as of the date hereof and each Purchase Date thereafter: 

  

	 	(a)	 policies and procedures have been implemented and maintained by or on behalf of each T-Mobile Party that are designed to achieve compliance by it and its Subsidiaries, directors, officers, and employees with Anti-Corruption Laws and applicable Sanctions, and each
T-Mobile Party, its Subsidiaries and their respective officers and employees and, to the best knowledge of such T-Mobile Party, its Affiliates, officers, employees, and
directors acting in any capacity in connection with or directly benefiting from the purchase facility established hereby, are in compliance with Anti-Corruption Laws and applicable Sanctions, in each case in all material respects;

  

	 	(b)	 no T-Mobile Party nor any of their respective Subsidiaries or, to the
knowledge of such T-Mobile Party, any of its Affiliates, directors, officers, or employees, that will act in any capacity in connection with or directly benefit from the purchase facility established hereby,
is a Sanctioned Person; and 

  

	 	(c)	 no T-Mobile Party nor any of their respective Subsidiaries is organized
or resident in a Sanctioned Country. 

  

	27.3	 Affirmative Covenant of Performance Guarantor as to T-Mobile
Parties. Each Performance Guarantor shall cause policies and procedures to be maintained and enforced by or on behalf of each T-Mobile Party that are designed in good faith and in a commercially reasonable
manner to promote and achieve compliance, in such T-Mobile Party’s reasonable judgment, by it and each of its Subsidiaries and their respective directors, officers, and employees with Anti-Corruption Laws
and applicable Sanctions. The Performance Guarantor shall ensure that no proceeds of the sale of any Purchased Receivable by any T-Mobile Party are used in a manner that causes such T-Mobile Party to violate Anti-Corruption Laws or results in the violation of any Sanctions that are applicable to such T-Mobile Party. 

 

	27.4	 Negative Covenant of Performance Guarantor as to T-Mobile
Parties. Each Performance Guarantor shall cause each of the T-Mobile Parties, their respective Subsidiaries and its and their respective directors, officers and employees not to use the proceeds of the
sale of any Purchased Receivable (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, or (B) for the
purpose of funding or financing any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in each case to the extent that doing so would result in the violation of any Sanctions that are applicable to
such T-Mobile Party. 

  
 85 

	27.5	 Representation of Funding Seller. The Funding Seller hereby represents and warrants to each of the
Purchasing Entities that, as of the date hereof and each Purchase Date thereafter: 

  

	 	(a)	 policies and procedures have been implemented and maintained by the Funding Seller or on its behalf that are
designed to achieve compliance by it and its Subsidiaries, directors, officers, and employees with Anti-Corruption Laws and applicable Sanctions, and the Funding Seller, its Subsidiaries and their respective officers and employees and, to the best
knowledge of the Funding Seller, its Affiliates, officers, employees, and directors acting in any capacity in connection with or directly benefiting from the purchase facility established hereby, are in compliance with Anti-Corruption Laws and
applicable Sanctions, in each case in all material respects; 

  

	 	(b)	 neither the Funding Seller nor any of its Subsidiaries or, to the knowledge of the Funding Seller, any of its
Affiliates, directors, officers, or employees, that will act in any capacity in connection with or directly benefit from the purchase facility established hereby, is a Sanctioned Person; and 

 

	 	(c)	 neither the Funding Seller nor any of its Subsidiaries is organized or resident in a Sanctioned Country.

  

	27.6	 Affirmative Covenant of Funding Seller. Policies and procedures shall be maintained and enforced by or
on behalf of the Funding Seller that are designed in good faith and in a commercially reasonable manner to promote and achieve compliance, in its reasonable judgment, by it and each of its Subsidiaries and their respective directors, officers, and
employees with Anti-Corruption Laws and applicable Sanctions. No proceeds of the sale of any Purchased Receivable by the Funding Seller shall be used in a manner that causes it to violate Anti-Corruption Laws or results in the violation of any
Sanctions that are applicable to it. 

  

	27.7	 Negative Covenant of Funding Seller. The Funding Seller shall not use, and shall cause its Subsidiaries
and its and their respective directors, officers and employees not to use, the proceeds of the sale of any Purchased Receivable (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or
anything else of value, to any Person in violation of any Anti-Corruption Laws, or (B) for the purpose of funding or financing any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in each case
to the extent that doing so would result in the violation of any Sanctions that are applicable to the Funding Seller. 

  

	28.	 ACKNOWLEDGEMENT AND CONSENT TO BAIL-IN OF EEA FINANCIAL
INSTITUTIONS 

  

	28.1	 Definitions. In this Article 28: 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the
applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union (establishing a framework for the recovery and resolution of credit institutions and investment firms), the relevant implementing law for such EEA
Member Country from time to time. 

  
 86 

 “EEA Financial Institution” means (a) any credit institution or
investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this
definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country. 
  

	28.2	 Acknowledgment and Consent. Notwithstanding anything to the contrary in this Agreement, any other
Transaction Document or any other agreement, arrangement or understanding among any of the parties thereto, each party hereto acknowledges that any liability of any EEA Financial Institution arising under this Agreement or any Transaction Document,
to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

 

	 	(a)	 the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

  

	 	(b)	 the effects of any Bail-In Action on any such liability, including, if
applicable: 

  

	 	(i)	 a reduction in full or in part or cancellation of any such liability; 

 

	 	(ii)	 a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA
Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any other Transaction Document; or 

  

	 	(iii)	 the variation of the terms of such liability in connection with the exercise of the write-down and conversion
powers of any EEA Resolution Authority. 

 [Signature pages to follow] 

  
 87 

 SIGNATURE PAGES 

The Funding Seller 

T-MOBILE AIRTIME FUNDING LLC 
  

			
	By:	 	 /s/ Dirk Wehrse

			
	Name:	 	Dirk Wehrse

 Title: Senior Vice President, Treasury & Treasurer 

 The Performance Guarantor 

T-MOBILE US, INC. 
  

			
	By:	 	 /s/ Dirk Wehrse

			
	Name:	 	Dirk Wehrse

 Title: Senior Vice President, Treasury & Treasurer 

 The Performance Guarantor 

T-MOBILE USA, INC. 
  

			
	By:	 	 /s/ Dirk Wehrse

			
	Name:	 	Dirk Wehrse

 Title: Senior Vice President, Treasury & Treasurer 

 The Servicer 

T-MOBILE PCS HOLDINGS LLC 
  

			
	By:	 	 /s/ Dirk Wehrse

			
	Name:	 	Dirk Wehrse

 Title: Senior Vice President, Treasury & Treasurer 

 The Purchaser 

BILLING GATE ONE LLC 
  

			
	 By: Billing Gate One Trust, as Manager

By: Wells Fargo Delaware Trust Company, National Association, solely as Trustee and not in its individual capacity

		
	By:	 	 /s/ Sandra Battaglia

			
	Name:	 	Sandra Battaglia
	Title:	 	Vice President

 The Bank Purchasing Agent 

LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE 

 

							
	By:	  	 /s/ Bjoern Mollner
	  	By:	  	 /s/ Bjorn Reinecke

	Name:	  	Bjoern Mollner	  	Name:	  	Bjorn Reinecke
	Title:	  	SVP	  	Title:	  	Assistant Vice President

 The Bank Collections Agent 

MUFG BANK (EUROPE) N.V., GERMANY BRANCH 
  

							
	By:	  	 /s/ Masaru Abe
	  	By:	  	 /s/ Taketoshi Obata

	Name:	  	Masaru Abe	  	Name:	  	Taketoshi Obata
	Title:	  	Managing Director	  	Title:	  	Managing Director

 ACKNOWLEDGED AND AGREED: 

MUFG BANK (EUROPE) N.V., GERMANY BRANCH 
  

							
	By:	  	 /s/ Masaru Abe
	  	By:	  	 /s/ Taketoshi Obata

	Name:	  	Masaru Abe	  	Name:	  	Taketoshi Obata
	Title:	  	Managing Director	  	Title:	  	Managing Director

 ACKNOWLEDGED AND AGREED: 

LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE, as a Bank Purchaser 

 

							
	By:	  	 /s/ Bjoern Mollner
	  	By:	  	 /s/ Bjorn Reinecke

	Name:	  	Bjoern Mollner	  	Name:	  	Bjorn Reinecke
	Title:	  	SVP	  	Title:	  	Assistant Vice President

 ACKNOWLEDGED AND AGREED: 

AUTOBAHN FUNDING COMPANY LLC, as a Bank Purchaser 
  

							
	By:	  	 /s/ Jayan Krishnan
	  	By:	  	 /s/ Eva Geng

	Name:	  	Jayan Krishnan	  	Name:	  	Eva Geng
	Title:	  	Head of Asset Securitization	  	Title:	  	Assistant Vice President

 ACKNOWLEDGED AND AGREED: 

KFW IPEX-BANK GMBH 
  

							
	By:	  	 /s/ Sebastian Eberle
	  	By:	  	 /s/ Markus Mostert

	Name:	  	Sebastian Eberle	  	Name:	  	Markus Mostert
	Title:	  	Director	  	Title:	  	Director

 ANNEX 1 

ADDRESSES 
 Funding Seller: 

Dirk Wehrse 
 Vice President, Treasury & Treasurer 

T-Mobile Airtime Funding LLC 

12920 SE 38th Street 
 Bellevue, WA 98006 

Facsimile: (425) 383-4840 

With a copy to: 

T-Mobile Airtime Funding LLC 

Attn: General Counsel 
 12920 SE 38th Street 

Bellevue, WA 98006 
 Facsimile: (425) 383-4840 
 Purchaser: 

Billing Gate One LLC 
 c/o Billing Gate One Trust, as Manager 

c/o Wells Fargo Delaware Trust Company, N.A., as Trustee 
 919 N.
Market Street, Suite 1600 
 Wilmington, Delaware 19801 
 Attn:
Corporate Trust Administration 
 Fax: (302) 575-2006 

Phone: (302) 575-2016 
 E-mail: Sandra.Battaglia@wellsfargo.com 
 With a copy to the Bank Purchasing Agent and the Bank Collections Agent.

 Helaba (as the Bank Purchasing Agent and as a Bank Purchaser): 

Landesbank Hessen-Thüringen Girozentrale 

Neue Mainzer Straße 52-58 

60311 Frankfurt am Main 
 Germany 

 

	Contact:	         Björn Mollner / Björn Reinecke 

	Tel:	             +49 (0)69 9132 – ext: 5208 / 3489

	Fax:	             +49 (0)69 9132 4190

	E-mail:          	 bjoern.mollner@helaba.de, bjoern.reinecke@helaba.de 

 MUFG (as the Bank Collections Agent and as a Bank Purchaser): 

MUFG Bank Ltd. 
 Ropemaker Place 

25 Ropemaker Street 
 London, EC2Y 9AN 

 

	Contact:          Andrew	 Pierce; Andrew Montford; Brett Emms; Patrick Cogan 

	Tel:	               +44 20 7577 5221; +44 20
7577 5210; +44 20 7577 1613 

	E-mail:	            andrew.pierce@uk.mufg.jp;
andrew.montford@uk.mufg.jp; brett.emms@uk.mufg.jp; patrick.cogan@uk.mufg.jp 

 Autobahn (as the Conduit Purchaser and as a Bank
Purchaser): 
 Autobahn Funding Company LLC 
 c/o DZ Bank AG
Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, New York Branch 
 609 Fifth Avenue 

New York, New York 10017 
  

	Contact:	           Christian Haesslein; Alexander Ploch

	Tel:	               (212) 745-1668; (212) 745-1661 

	Fax:	               (212) 745-1651 

	E-mail:	            Christian.Haesslein@dzbank.de;
Alexander.Ploch@dzbank.de 

 With a copy to: 

DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt Am Main, New York Branch 

609 Fifth Avenue 
 New York, New York 10017 

	Contact:	           Christian Haesslein; Alexander Ploch

	Tel:	               (212) 745-1668; (212) 745-1661 

	Fax:	               (212) 745-1651 

	E-mail:	             Christian.Haesslein@dzbank.de;
Alexander.Ploch@dzbank.de 

 ANNEX 2 

[RESERVED] 

 ANNEX 3 

ELIGIBLE RECEIVABLES 
  

	(a)	 The Contract underlying the Receivable is a standard services agreement between the related Originator and a
customer or purchaser of air time or telecommunication services and is governed by the federal and/or state laws of the United States. 

  

	(b)	 (i) The Outstanding Balance of such Receivable shall not cause the aggregate Outstanding Balance of all
Purchased Receivables (not including Aged Receivables) due from the Obligor with respect to such Purchased Receivable to exceed $50,000 (it being understood that the Servicer will make this determination monthly as of the end of each Collection
Period) and (ii) such Receivable does not relate to Charges in excess of $50,000 in the aggregate set forth on a related Invoice. 

  

	(c)	 Such Receivable is non-interest bearing and the Nominal Value of such
Receivable does not include any default interest or other penalties, fines, fees for late payment or any other breach of the related Contract. 

  

	(d)	 The period from the Invoice Date to the Due Date with respect to such Receivable does not exceed 30 days.

  

	(e)	 The Obligor of such Receivable (i) is a natural person, or, if a corporation, governmental or other
business organization, is organized under the laws of the United States or any political subdivision thereof; and (ii) is not an Affiliate of the Originators or the Funding Seller. The telephone number related to the Receivable relates to one
of the Designated States. 

  

	(f)	 The Receivable is denominated and payable in USD in the United States. 

 

	(g)	 The Receivable is not overdue by more than 30 days or an Aged Receivable. 

 

	(h)	 The Receivable arises pursuant to a Contract with respect to which the applicable Originator has performed all
obligations in all material respects required to be performed by it thereunder in order to have such Receivable become due and payable, including delivery of a bill to the applicable Obligor. 

 

	(i)	 The Receivable: 

  

	 	(i)	 is an “account” or “general intangible” within the meaning of Article 9 of the UCC;

  

	 	(ii)	 is a right to payment of a monetary obligation for goods or services rendered or to be rendered to Obligor; and

  

	 	(iii)	 is not evidenced or otherwise payable by a promissory note, a bill of exchange or other instrument.

  

	(j)	 The Receivable, together with the contract related thereto, does not contravene any laws applicable thereto
(including laws relating to truth in lending, cost of credit disclosure, fair credit billing, equal credit opportunity, fair debt collection practices and privacy). 

	(k)	 The Receivable was originated in accordance with and satisfies in all material respects all applicable
requirements of the Credit and Collection Policies. 

  

	(l)	 The terms of the underlying Contract with respect to the Receivable do not expressly permit the related Obligor
to exercise any right of set-off with respect thereto. 

  

	(m)	 The Receivable is not a Restricted Receivable. 

 

	(n)	 The Receivable has been originated by an Originator and validly sold or contributed by such Originator to the
Funding Seller with the result that such Funding Seller has good and marketable title thereto (together with the Collections and Related Rights related thereto), free and clear of all Adverse Claims. 

 

	(o)	 The Receivable is in full force and effect and constitutes the legal, valid and binding obligation of the
related Obligor, enforceable against such Obligor in accordance with its terms except as such enforcement against such Obligor may be limited by any applicable insolvency law or by general principles of equity (regardless of whether enforcement is
sought in a proceeding in equity or at law), in each case, under all applicable law, and is, not subject to any litigation, offset, counterclaim or other defense. 

 

	(p)	 The Receivable was originated in the ordinary course of the applicable Originator’s business and
represents the purchase price of “subscriber / air time” services, connected car services, home security services, other wireless telecommunications or data connection services or related services or products sold by such Originator.

  

	(q)	 The Receivable has not been compromised, altered, adjusted or modified for credit reasons nor is it subject to
any downward adjustment for Taxes, rebates or other reasons (including by the extension of time for payment or the granting of any discounts, allowances or credits), in each case, other than as permitted or required by the Credit and Collection
Policies. 

  

	(r)	 The disclosure of information necessary to permit the Funding Seller or its assigns to enforce such Receivable
against the related Obligor would not result in the breach of any law, agreement (including the underlying Contract), judgment or other instrument by which the related Originator or the Funding Seller is bound. 

 

	(s)	 At the Closing Date, the Obligor with respect to the Receivable is not the Obligor with respect to any Overdue
Receivable payment for which is more than 30 days past due. 

  

	(t)	 If purchased, such Receivable does not relate to Charges which would cause the percentage of the Charges
related to Purchased Receivables billed in the related Collection Period to all Obligors that are individuals to be less than 51%. 

  

	(u)	 If purchased, such Receivable does not relate to Charges which would cause the percentage of the Charges
related to Purchased Receivables billed in the related Collection Period to all Obligors that are commercial Obligors to exceed 25% or the Obligors that are governmental entities to exceed 5%. 

	(v)	 If purchased, such Receivable does not relate to Charges which would cause the percentage of the Charges
related to Purchased Receivables billed in the related Collection Period to all Obligors who are identified by the Funding Seller and the Bank Purchasing Agent as “subprime” (Obligors who are not considered part of the ABCLOW Credit
Classes) to exceed 40% on more than two (2) consecutive Settlement Dates. 

  

	(w)	 Such Receivable is not subject to any Adverse Claim (other than Adverse Claims arising pursuant to the
Transaction Documents) or Subject to Defenses. 

  

	(x)	 The Funding Seller is not aware of any claims or other facts or circumstances that could result in such
Receivable, in whole or in part, becoming subject to any Adverse Claims (other than Adverse Claims arising pursuant to the Transaction Documents) or Subject to Defenses for more than two consecutive Settlement Dates. 

 

	(y)	 The Funding Seller has all necessary rights in such Purchased Receivable required for the Funding Seller to
sell and assign such Receivable to the Purchaser pursuant to this Agreement. 

  

	(z)	 The related Originator shall have complied with all Requirements of Law in connection with the origination of
such Receivable. 

  

	(aa)	 The related Originator shall have complied in all material respects with the related Contract in connection
with the origination of such Receivable. 

  

	(bb)	 All sales, excise or other taxes with respect to such Receivable shall have been paid to the applicable taxing
authority when due other than those being contested in good faith. 

  

	(cc)	 If purchased, the Outstanding Balance of such Receivable would not cause the average of the Nominal Value of
all Receivables purchased hereunder during the then-current Collection Period and the two immediately preceding Collection Periods to exceed the Maximum Sales Amount. 

 

	(dd)	 If purchased, such Receivable does not relate to Charges which would cause the percentage of the Charges
related to Purchased Receivables billed in the related Collection Period related to CCPC codes in any Designated State to exceed the maximum percentage specified below on more than two (2) consecutive Settlement Dates. 

 

					
	 State
	  	Maximum Percentage	 
	 MS
	  	 	0.50	% 
	 ND
	  	 	0.10	% 
	 SD
	  	 	0.10	% 
	 VT
	  	 	0.10	% 
	 AR
	  	 	0.25	% 
	 IA
	  	 	0.25	% 
	 KY
	  	 	1.50	% 
	 NC
	  	 	3.00	% 
	 WV
	  	 	0.25	% 
	 WY
	  	 	0.25	% 
	 ME
	  	 	0.50	% 

					
	 TN
	  	 	2.00	% 
	 DE
	  	 	1.00	% 
	 ID
	  	 	1.00	% 
	 LA
	  	 	1.00	% 
	 NH
	  	 	1.00	% 
	 SC
	  	 	2.50	% 
	 WI
	  	 	1.00	% 
	 AL
	  	 	5.00	% 
	 CO
	  	 	5.00	% 
	 CT
	  	 	5.00	% 
	 DC
	  	 	5.00	% 
	 HI
	  	 	5.00	% 
	 IN
	  	 	5.00	% 
	 KS
	  	 	5.00	% 
	 MA
	  	 	5.00	% 
	 MD
	  	 	5.00	% 
	 MI
	  	 	5.00	% 
	 MO
	  	 	5.00	% 
	 NM
	  	 	5.00	% 
	 NV
	  	 	5.00	% 
	 OH
	  	 	5.00	% 
	 OK
	  	 	5.00	% 
	 OR
	  	 	5.00	% 
	 RI
	  	 	5.00	% 
	 UT
	  	 	5.00	% 
	 VA
	  	 	5.00	% 
	 MN
	  	 	5.00	% 
	 PA
	  	 	5.00	% 
	 AZ
	  	 	5.00	% 
	 GA
	  	 	10.00	% 
	 NJ
	  	 	10.00	% 
	 WA
	  	 	10.00	% 
	 IL
	  	 	10.00	% 
	 FL
	  	 	15.00	% 
	 NY
	  	 	15.00	% 
	 TX
	  	 	20.00	% 
	 CA
	  	 	25.00	% 
	 AK
	  	 	0.50	% 
	 MT
	  	 	0.50	% 
	 NE
	  	 	0.50	% 

  

	(ee)	 Such Receivable does not relate to Partner Branded Services, Flexpay or No Credit Family Plans, as each of such
terms is used or defined in the books and records of the Originators. 

  

	(ff)	 The Obligor of such Receivable is not a Sanctioned Person (as such term is defined in Article 27).

	(gg)	 The Invoice type shall be “J—Assurant jump premiums” or “B—Service”.

  

	(hh)	 Such Receivable at the time of its sale hereunder shall not be an EPS Receivable; it being agreed and
understood that if, at any time, a Purchased Receivable shall become an EPS Receivable, such Purchased Receivable shall immediately cease to be, for all purposes hereunder and under the other Transaction Documents, an Eligible Receivable.

 ANNEX 4 

ORIGINATORS 
  

					
	 Name
	  	 Jurisdiction of Organization
	  	 Address

	T-Mobile West LLC	  	Delaware	  	12920 SE 38th Street 
Bellevue, Washington 98006
			
	T-Mobile Central LLC	  	Delaware	  	12920 SE 38th Street 
Bellevue, Washington 98006
			
	T-Mobile Northeast LLC	  	Delaware	  	12920 SE 38th Street 
Bellevue, Washington 98006
			
	T-Mobile South LLC	  	Delaware	  	12920 SE 38th Street 
Bellevue, Washington 98006
			
	Powertel/Memphis, Inc.	  	Delaware	  	12920 SE 38th Street 
Bellevue, Washington 98006
			
	Triton PCS Holdings Company L.L.C.	  	Delaware	  	12920 SE 38th Street 
Bellevue, Washington 98006
			
	SunCom Wireless Operating Company, L.L.C.	  	Delaware	  	12920 SE 38th Street 
Bellevue, Washington 98006

 ANNEX 5 

CONDITIONS PRECEDENT TO EACH PURCHASE 

Each purchase of Purchased Receivables shall be subject to the conditions precedent that: 

(a) the Servicer shall have delivered to the Bank Purchasing Agent on or prior to such purchase, in form and substance reasonably satisfactory
to the Bank Purchasing Agent, a completed Monthly Report containing information covering the most recently ended Collection Period; and 

(b) on the date of such purchase the following statements shall be true (and acceptance of the proceeds of such purchase shall be deemed a
representation and warranty by the Funding Seller that such statements are then true): 
 (i) the representations and
warranties contained in Article 6 are true and correct in all material respects on and as of the date of such purchase as though made on and as of such date; and 

(ii) no Termination Event has occurred or would be caused to occur by such purchase. 

 ANNEX 6 

FORM OF MONTHLY REPORT 

See attached. 

 ANNEX 7 

SCOPE OF ACCOUNTANT’S REPORT 
 Scope
of Services: 
  

	 	•	 	 Review whether the selected sample of Receivables meet the Eligibility Criteria as described in Annex 3 of the
Master Receivables Purchase Agreement 

  

	 	•	 	 Review whether the selected sample of Receivables assigned by the Funding Seller are stated as being assigned to
the Purchaser in the Funding Seller’s accounts 

  

	 	•	 	 Review whether the payments for the selected sample of Purchased Receivables have been applied appropriately

  

	 	•	 	 Select a sample of Monthly Reports and re-perform calculations contained
therein 

 Procedures 
  

	 	•	 	 Sample selection: The adherence to the Eligibility Criteria shall be verified by means of a generally accepted
procedure, with a sample size of Purchased Receivables that is mutually agreed upon by the Bank Purchasing Agent and the Servicer. We will use random selection applied through a random number generator as a generally accepted non-statistical sampling method to select the sample of Purchased Receivables. 

  

	 	•	 	 Review whether EPS Receivables are being properly identified and whether the related EPS Loss Amounts and
repurchase prices for such Receivables under Sections 5.1(a) and 5.1(b) and the limitation in Section 3.2(b) of the Master Receivables Purchase Agreement are being properly calculated. 

 

	 	•	 	 Such other reasonable procedures that are agreed upon by the Bank Purchasing Agent and the Servicer

 ANNEX 8 

T-MOBILE INFORMATION 

DATA CONFIDENTIALITY PROVISIONS 
 1.
CONFIDENTIALITY AND SECURITY. Notwithstanding anything to the contrary stated herein (including Section 12), the parties acknowledge and agree as follows: 

1.1 Confidentiality. The parties acknowledge and agree that the Bank Purchasing Agent may be given access to T-Mobile Information under this Agreement. The Servicer shall mark such medium as containing T-Mobile Information. Until the Final Termination Date and for so long as the Bank
Purchasing Agent has T-Mobile Information, the Bank Purchasing Agent shall: (a) use at least the same degree of care to prevent unauthorized use and disclosure of such
T-Mobile Information as that party uses with respect to its own Confidential Information (but in no event less than a reasonable degree of care); and (b) use such
T-Mobile Information only in the performance of its rights and obligations under this Agreement. Following the Final Termination Date, at the request of the Funding Seller, the Bank Purchasing Agent shall
return, or at the Bank Purchasing Agent’s option, destroy (and certify in writing such return or destruction) any and all T-Mobile Information received by it pursuant to this Agreement, provided that,
notwithstanding the foregoing, the Bank Purchasing Agent may retain such copies of T-Mobile Information as it is required to retain to comply with its internal compliance policies or in accordance with
applicable law. The Bank Purchasing Agent shall hold any such retained T-Mobile Information in accordance with the terms of this Agreement. This Section 1.1 shall survive termination of the Agreement. T-Mobile Information is Confidential Information of the T-Mobile Group under this Agreement; provided however that T-Mobile Information
shall remain confidential and proprietary even if disclosed by a third party or in breach of the terms of this Agreement. 
 1.2 Handling of T-Mobile Information. Bank Purchasing Agent: (a) may collect, store, access, use, process, maintain and disclose T-Mobile Information only to fulfill its obligations
and exercise its rights and remedies under the Agreement and for no other purpose; and (b) shall, without limiting any other obligations applicable to T-Mobile Information hereunder, treat all T-Mobile Information as Confidential Information of T-Mobile Group. For purposes of this Annex, the acts or omissions of Bank Purchasing Agent and any Person to whom it has
disclosed T-Mobile Information are Bank Purchasing Agent’s acts or omissions. 
 1.3 Security
Safeguards. Bank Purchasing Agent is fully responsible for any authorized or unauthorized collection, storage, disclosure and use of, and access to, T-Mobile Information received by it pursuant to this
Agreement. Bank Purchasing Agent shall not permit any collection, storage, disclosure or use of, or access to, T-Mobile Information that this Agreement does not expressly authorize. Bank Purchasing Agent shall
implement and maintain a written information security program that contains administrative, technical, and physical safeguards (“Safeguards”) appropriate to its business and the protection of
T-Mobile Information received by it. Bank Purchasing Agent’s information security program shall meet common industry practices for such Safeguards, including, without limitation, complying with all
applicable laws governing the security and handling of T-Mobile Information by Bank Purchasing Agent. Such information security program shall include, without limitation: (a) adequate physical security of
all premises in which T-Mobile Information will be processed and/or stored; (b) reasonable precautions 

 
taken with respect to the employment of, and access given to, Bank Purchasing Agent personnel, including, without limitation, background checks, training, disciplinary measures, and security
clearances that assign specific access privileges to individuals; and (c) an appropriate network security program. Such network security program will include, without limitation: (i) appropriate access controls and data integrity controls;
(ii) monitoring, testing and auditing of all controls; and (iii) appropriate corrective action and incident response plans. 
 1.4
Contractors and Subcontractors. Bank Purchasing Agent shall ensure that only approved contractors and subcontractors (including any subsidiary, parent, affiliate or partner) who have a need to know of the
T-Mobile Information may access such information, and only if Bank Purchasing Agent requires such contractors and subcontractors to comply with obligations with respect to
T-Mobile Information. Bank Purchasing Agent must use at least the same effort, but in no event less than a reasonable amount of effort, to enforce obligations of such individuals with regard to T-Mobile Information as Bank Purchasing Agent uses for its own similar confidential information. 
 1.5 (Reserved)

 1.6 Security Breaches. 

(a) (Reserved) 
 (b)
Bank Purchasing Agent shall, promptly after confirmation thereof, notify Funding Seller of any actual, probable or reasonably suspected breach of any safeguards or of any other actual, probable or reasonably suspected unauthorized access to, or
acquisition, use, loss, destruction, compromise or disclosure of, any T-Mobile Information maintained on the Bank Purchasing Agent Systems (each, a “Security Breach”). In any notification to
Funding Seller required under this Section 1, Bank Purchasing Agent shall designate a single individual employed by Bank Purchasing Agent who must be available to Funding Seller during regular business hours of the Pre-Approved Facility (defined below) as a contact regarding Bank Purchasing Agent’s obligations under this Section 1. Bank Purchasing Agent shall: (i) unless prohibited by applicable law, court order
or similar legal process, provide reasonable assistance to the Funding Seller in investigating, remedying and taking any other reasonable action Funding Seller deems necessary regarding any Security Breach and any dispute, inquiry or claim that
concerns the Security Breach; and (ii) shall provide Funding Seller with assurance reasonably satisfactory to Funding Seller that such Security Breach or potential Security Breach will not recur. Unless prohibited by an applicable law, court
order or similar legal process, Bank Purchasing Agent shall also notify Funding Seller of any third-party legal process relating to any Security Breach, including, without limitation, any legal process initiated by any governmental entity (foreign
or domestic). 
 1.7 Information Security Vendor Assessments, Annual Security Audits & Visitation and Inspection Rights.

 (a) Information Security Vendor Assessment (“ISVA”). Funding Seller reserves the right to
require Bank Purchasing Agent to complete T-Mobile Group’s ISVA process once per year. Funding Seller may request additional security controls or mitigations plans be implemented and maintained by Bank
Purchasing Agent with respect to the T-Mobile Information based on results of an ISVA. 
 1.8 Access
Limitations. Bank Purchasing Agent shall ensure that no persons who have access to T-Mobile Information provided or made accessible to Bank Purchasing Agent under this Agreement are listed on: (a) the
Specially Designated Nationals and Blocked Persons list maintained by the U.S. Treasury, Office of Foreign Assets Control; (b) the Denied Persons or Denied Entities lists maintained by the U.S. Department of Commerce, Bureau of Industry and
Security; (c) the Debarred Persons List maintained by 

 
the U.S. Department of State, Office of Defense Trade Controls; (d) any successors to the foregoing; or (e) any similar official public lists maintained by any agency of the U.S.
government with which financial institutions operating in the United States are required to comply. Bank Purchasing Agent will ensure that all T-Mobile Information resides in the United States, unless approved
in writing in advance by the Funding Seller. Bank Purchasing Agent shall securely store all T-Mobile Information separate from other information of Bank Purchasing Agent or Bank Purchasing Agent’s other
customers. Bank Purchasing Agent must first obtain prior written approval from Funding Seller for any deviation from this requirement. 
 1.9
(Reserved) 
 1.10 Additional Obligations. Bank Purchasing Agent agrees as follows: 

(a) Bank Purchasing Agent shall not store T-Mobile Information, or any other subscriber
information, including, without limitation, call transactional data, call associated data, call identifying data, subscriber information and subscriber billing records (collectively, “Subscriber Information”) outside of the United
States without Funding Seller’s prior written consent, which may be withheld for no reason, or any reason, in Funding Seller’s sole and absolute discretion. Bank Purchasing Agent is expressly permitted to access and store all Subscriber
Information necessary to fulfill its obligations and exercise its rights and remedies under this Agreement in Bank Purchasing Agent’s New York Branch located in New York, New York, USA (a
“Pre-Approved Facility”) for the term of this Agreement. 
 (b) Bank
Purchasing Agent shall provide Funding Seller with at least thirty (30) calendar days’ prior written notice of its desire to store Subscriber Information in another location different from the
Pre-Approved Facilities, including description of the communications and/or information, identification of the custodian, identification of the proposed location where the communications and/or information
would be stored; and identification of the factors it considered in seeking to store the communications and/or information outside of the Pre-Approved Facilities. 

(c) (Reserved) 
 (d)
(Reserved) 
 (e) (Reserved) 

(f) (Reserved) 
 (g)
Bank Purchasing Agent shall not disclose Subscriber Information to any foreign government or entity without first, (a) satisfying all applicable U.S. federal, state and local legal requirements, including, if required, receiving appropriate
authorization by a domestic U.S. court, or receiving prior written authorization from the U.S. Department of Justice, (b) to the extent not prohibited by law, rule, regulation or court order applicable to the Bank Purchasing Agent
(i) notifying Funding Seller of the request for such information within five (5) calendar days of its receipt and (ii) reasonably cooperating with Funding Seller to object to and commence appropriate proceedings to protect the
information; 
 1.11 T-Mobile Information and Bank Purchasing Agent Access.  

(a) T-Mobile Information. Bank Purchasing Agent shall receive the following T-Mobile Information under this Agreement for the Purchased Receivables on a monthly basis: 
 (i) T-Mobile billing account number; 
 (ii) T-Mobile invoice ID
number; 
 (iii) T-Mobile invoice due date; 

 (iv) T-Mobile invoice date; 

(v) T-Mobile sold amount for the Purchased Receivables; and 

(vi) T-Mobile Balance for the Purchased Receivables. 

Access Protocol. The T-Mobile Information provided to the Bank Purchasing Agent will be made available through
a secured file transfer protocol (“SFTP”) website on the T-Mobile network. Bank Purchasing Agent will be provided with authentication and login credentials by Funding Seller or its affiliates
to access the SFTP website and securely obtain the T-Mobile Information. In addition, Funding Seller or its affiliates will provide Bank Purchasing Agent with an email notice monthly when new T-Mobile Information has been posted to the SFTP website and is available to be accessed by the Bank Purchasing Agent. 

 ANNEX 9 

TEMPLATE FOR INVOICES ON SERVICER FEE TO BE ISSUED BY SERVICER 

SEPARATELY TO EACH BANK PURCHASER PURSUANT TO SECTION 4.3(b) 

See attached.

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