Document:

Exhibit

Exhibit 10.1

[AutoNation Letterhead]

November 21, 2019

Joseph T. Lower
[Address]

Dear Joe:

Congratulations!  It is my pleasure to extend an offer of employment for you to join the AutoNation team, as follows:

	
				
	•
	Position Title
	Executive Vice President and CFO
	 

	 
	 
	 
	 

	•
	Reporting to:
	Cheryl Miller, CEO & President
	 

	 
	 
	 
	 

	•
	Commencement Date:
	January 13, 2020
	 

	 
	 
	 
	 

	•
	Base Rate of Pay:
	$750,000
	($31,250.00 payable semi-monthly)

	•
	Target Bonus:
	$675,000
	 

	•
	Total Target Compensation:
	$1,425,000
	 

	 
	 
	 
	 

	•
	Annual Equity:
	$1,800,000
	 

	•
	Total Direct Compensation:
	$3,225,000
	 

	 
	 
	 
	 

	•
	Sign-on Cash Payment:
	$1,150,000
	 

	•
	Sign-on Equity Grant:
	$1,850,000
	 

	•
	Total Sign-on Compensation:
	$3,000,000
	 

		
	•
	Bonus Eligibility: You will be eligible for the 2020 bonus plan applicable to Company executives and payable in 2021.  This plan will target 90% of your annual base rate of pay and is based on overall company performance.  Future years’ bonus eligibility, percentage, and metrics will be at the level commensurate with your position in effect at that time as determined by the Compensation Committee (the “Committee”) of the Company’s Board of Directors.

		
	•
	Equity Plan: At the time of annual equity plan awards to other senior executives, you will be eligible for a 2020 grant of restricted stock units with a grant date closing value of $1,800,000.  Equity awards are subject to the terms and conditions of the equity plan and corresponding grant agreements.  While eligibility, terms and conditions of the plan are subject to change as determined by the Committee, the 2020 grant for executive officers is expected to consist of:

		
	•
	RSUs: Two-thirds of the equity award will be in the form of restricted stock units, subject to a one-year performance condition established by the Committee, that will vest over a four-year period, 25% per year during your term of employment.

		
	•
	PBRSUs: One-third of the equity award will be in the form of performance based restricted stock units that are subject to three-year performance conditions as established by the Committee.

		
	•
	Sign-on Cash Payment: You will receive a one-time sign-on cash payment by the Company in the amount of $1,150,000 less applicable taxes and withholdings.  This amount will be paid a soon as administratively feasible following your employment in accordance with the Company’s normal payroll schedule.  If you resign from the Company without Good Reason (as defined in the Plan) before the one-year anniversary of your start date, you will be required to pay back the full $1,150,000 amount to the Company, less applicable taxes and withholdings.

		
	•
	Sign-on Equity Grant:  You will receive a one-time grant of restricted stock units under the Company’s 2017 Employee Equity and Incentive Plan (the “Plan”) with a grant date closing value of $1,850,000, as soon as administratively feasible 

following your employment with the Company.  The equity award will vest during your term of employment one-third on March 1st in each of 2021, 2022 and 2023 and is subject to the terms and conditions of the Plan and the form of grant agreement provided to you with this letter.  In the event of a termination without Cause (as defined in the Plan) or resignation with Good Reason (as defined in the Plan), any unvested portion of this sign-on grant will become immediately vested and promptly settled.

		
	•
	Business Expenses: You will be reimbursed for all business expenses incurred and substantiated in accordance with the applicable Company expense policies.  

		
	•
	401(k) Plan: You will be eligible to participate in the AutoNation 401(k) Plan.  An enrollment kit will be mailed to your home approximately 30 days following date of hire.  

		
	•
	Deferred Compensation Plan: You will be eligible to participate in the Deferred Compensation Plan (“DCP”).  The DCP is a complement to our 401(k) plan, is limited to a select group of management associates and allows you to defer a larger percentage of your income toward your retirement savings than within the 401(k) plan.  The DCP also offers the flexibility of in-service distributions for college tuition or other major expenses.  In addition, AutoNation offers a matching contribution, the amount is determined annually and is subject to a vesting schedule. The DCP matching contribution is in lieu of a matching contribution under the AutoNation 401(k) Plan.

		
	•
	Fitness Center Membership: You will be invited to use the AutoNation Body Shop exercise facility located in the AutoNation Headquarters building.  You will have free access to the fitness center which includes free weights, cardio and weight equipment as well as private changing rooms. 

		
	•
	Vacation Benefit: Associates accrue vacation time on a per pay period basis at a rate commensurate with their length of service with the Company. You will be eligible for 17 days of vacation per year.  Future years vacation eligibility will be determined by the Company’s policy in effect at that time.  

		
	•
	Benefit Eligibility: Prior to becoming eligible for benefits, you will receive notification that you can enroll online at [URL].  On the website you will find your benefit options, cost, plan comparison information and your enrollment deadline. You will also receive information on how to earn healthy credits to substantially reduce your (and your spouse’s) medical, life, and critical illness insurance premiums.  The elections you make will be effective the first day of the month following one month of regular, Full-Time employment.  However, if you are hired on the first day of a month, your coverage will be effective on the first day of the following month. If you are planning to enroll dependents in AutoNation’s health, dental or vision insurance plans you will be required to submit proof of dependency for those dependents by the end of the month in which your benefits become effective.  Proof of dependency includes marriage and/or birth certificates.  Failure to provide dependent certification by the deadline will result in those dependents not being eligible for health, dental or vision insurance benefits until the next annual enrollment period, or as a result of a qualifying life event during the year.

		
	•
	Executive Severance Plan: During your employment, you will be entitled to participate in the Company’s Executive Severance Plan.  

		
	•
	Vehicle Allowance: As provided for within the Executive Vehicle Allowance Program policy, you will be eligible for an annual vehicle allowance, paid semi-monthly, of $15,600 or a demonstrator vehicle.

		
	•
	Executive Physical: You will be eligible for an annual executive physical as provided for within the AutoNation Executive Health Management Plan.

		
	•
	Drug Screening: This offer is contingent upon the successful completion of the Company’s drug screening process.  

		
	•
	Background Verification: This offer is contingent upon the successful completion of the Company’s background verification process.  Once you accept this offer, you will be invited to complete the background consent form online.  

		
	•
	Confidentiality, No-Solicit/No-Hire & Non-Compete Agreement and Arbitration Agreement: This offer is contingent upon your electronic signature to be obtained on the first day of employment.  

		
	•
	At-Will Employment: This letter is not a guarantee of continued employment nor does it in any way abridge the employment-at-will relationship that exists between the Company and its employees, nor does it create a contractual relationship.  Management retains the right to terminate employment of any associate with or without notice and with or without reason.  Similarly, the associate also has the right to terminate employment with or without notice and with or without reason.

		
	•
	Employment Eligibility Verification: This offer is contingent upon your ability to produce acceptable documents that establish identity and employment eligibility (U.S. Department of Justice Form I-9).  The Company requires you to produce these documents on your first day of employment.  

		
	•
	Parking: You will have the opportunity to park in the AutoNation headquarters garage for $20.00 per pay period.  This is a covered and secured parking facility.  If elected, the parking fee will be deducted from your paycheck on a semi-monthly basis.  

In the event that any provision of this letter agreement is inconsistent with any plan, program or other agreement of the Company in which you are a participant or a party, this letter agreement will control, unless such other plan, program or agreement specifically refers to this letter agreement as not so controlling.

Please indicate your acceptance of these terms and conditions by signing below. 

Should you have any questions, please feel free to call me at [Telephone Number].  We look forward to having you join the AutoNation team!

	
				
	Sincerely,
	 
	Accepted:
	 

	 
	 
	 
	 

	/s/ Coleman Edmunds
	 
	/s/ Joseph T. Lower
	11/21/2019

	Coleman Edmunds
	 
	Joseph T. Lower
	Date

	Executive Vice President and General CounselExhibit 10.1

 

STANDBY PURCHASE AGREEMENT

 

This STANDBY PURCHASE AGREEMENT (this “Agreement”)
is made and entered into on November 21, 2019, by and between Charles W. Ergen (the “Standby Purchaser”),
and DISH Network Corporation, a Nevada corporation (the “Company”).

 

RECITALS

 

WHEREAS, the Company proposes to distribute,
at no charge, to each holder of record of its Class A common stock, par value $0.01 per share (the “Class A
Common Stock”), Class B common stock (the “Class B Common Stock” and, together with the
Class A Common Stock, the “Common Stock”), 3.375% Convertible Notes due 2026 and 2.375% Convertible Notes
due 2024 (the “Convertible Notes” and, together with the Common Stock, the “Eligible Securities”),
as of November 17, 2019 (the “Record Date”) transferable rights (the “Subscription Rights”)
to subscribe for and purchase additional shares of Class A Common Stock (the “Rights Offering”);

 

WHEREAS, the Company desires to raise a
total of approximately $1,000,000,000 in connection with the Rights Offering;

 

WHEREAS, in connection with the Rights Offering,
holders of the Company’s Eligible Securities of record as of the Record Date will receive a specified number of Subscription
Rights for each share of Common Stock held as of the Record Date, or, in the case of the Convertible Notes, each share of Class A
Common Stock into which those notes would be convertible based on the conversion rate in effect on the Record Date;

 

WHEREAS, each Subscription Right will entitle
the holder thereof to purchase one share of Class A Common Stock (the “Subscription Privilege”) at a price
of $33.52 per share of Class A Common Stock (the “Subscription Price”); and

 

WHEREAS, in order to facilitate the Rights
Offering, the Company has offered to the Standby Purchaser the opportunity, and the Standby Purchaser has agreed and committed,
to purchase at the Subscription Price, subject to the terms and conditions of this Agreement, any shares of Class A Common
Stock that are not exercised pursuant to the Subscription Privilege in the Rights Offering (the “Unsubscribed Shares”
and such offering, the “Standby Offering”).

 

AGREEMENT

 

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

 

Section 1.
Standby Purchase Commitment.

 

(a) Standby Purchase Commitment.
If and to the extent Unsubscribed Shares are not purchased by holders of the Company’s Eligible Securities pursuant to the
exercise of Subscription Rights in connection with the Rights Offering, the Standby Purchaser hereby agrees to purchase from the
Company and pay for and the Company agrees to issue, deliver and sell to the Standby Purchaser at the Subscription Price all such
Unsubscribed Shares, up to the full amount of shares of Class A Common Stock offered by the Company in the Rights Offering
(the “Commitment Amount”).

 

(b) Allocation of Unsubscribed
Shares. Promptly following the expiration of the Rights Offering, the Company will determine the number of Unsubscribed Shares.
Upon the Company’s determination of the number of Unsubscribed Shares, which shall be deemed to be correct absent manifest
error, the Company promptly will notify the Standby Purchaser in writing of the amount

 

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of Class A Common Stock to be purchased by the
Standby Purchaser, which amount may be less than the Commitment Amount (the “Allocated Amount”).

 

(c) Closing. On the basis
of the representations and warranties and subject to the terms and conditions herein set forth, the closing of the purchase and
sale of the Allocated Amount (the “Closing”) shall take place promptly following the closing of the Rights Offering
at the place, time and date to be determined by the parties hereto (the “Closing Date”). At the Closing, the
Company shall deliver or cause to be delivered to the Standby Purchaser (or his designee) one or more certificates (or evidence
of book-entry records) representing the shares of Class A Common Stock issued to the Standby Purchaser (or his designee) in
respect of the Allocated Amount, and the Standby Purchaser shall deliver (or cause to be delivered) to the Company, in cash or
other immediately available funds, the aggregate Subscription Price relating to such shares of Class A Common Stock.

 

(d) Withdrawal and Termination.
At any time prior to the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering. In the
event that the Company withdraws or terminates the Rights Offering, the Standby Purchaser’s rights and obligations under
this Agreement will terminate and the Company will return the Standby Purchaser’s payment, or portion thereof, if any, to
the Standby Purchaser, without interest or other income, promptly thereafter.

 

Section 2.
Certain Agreements of the Standby Purchaser. The Standby Purchaser agrees with the Company that the certificates or
book-entry notations with respect to the shares of Class A Common Stock to be issued pursuant to this Agreement shall bear
a legend (and the Company’s share register shall bear a notation) substantially to the following effect and the Company will,
or will direct the transfer agent for the Class A Common Stock to, remove the legend on the certificates at such time as they
are no longer subject to this restriction:

 

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933 OR ANY OTHER SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD, PLEDGED, DELIVERED OR OTHERWISE TRANSFERRED
UNLESS REGISTERED UNDER SUCH LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE
HEREOF AGREES TO COMPLY WITH ALL SUCH RESTRICTIONS ON TRANSFER.

 

Section 3.
Representations and Warranties of the Standby Purchaser. The Standby Purchaser represents and warrants to the Company
as follows:

 

(a) Power and Capacity.
The Standby Purchaser has full legal right and requisite power and capacity to enter into and to exercise its rights and to perform
its obligations under this Agreement.

 

(b) Authorization of Agreement;
Enforceability. This Agreement has been duly and validly executed and delivered by the Standby Purchaser. This Agreement is
valid, binding and enforceable against the Standby Purchaser in accordance with its terms, subject, as to enforcement, to bankruptcy,
insolvency, reorganization and other laws of general applicability relating to or affecting creditors’ rights and to general
equity principals.

 

(c) No Registration. The
Standby Purchaser understands that the shares of Class A Common Stock to be issued pursuant to this Agreement have not been
registered under the Securities Act of 1933, as amended (the “Securities Act”), by reason of a specific exemption
from the registration provisions of the Act, the availability of which depends upon, among other things, the bona fide nature of
the investment intent and the accuracy of such Standby Purchaser’s representations as expressed herein or otherwise made
pursuant hereto.

 

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(d) Accredited Investor.
The Standby Purchaser is an “accredited investor” as that term is defined in Regulation D promulgated under the
Securities Act.

 

(e) Information; Knowledge
of Business. The Standby Purchaser is familiar with the business in which the Company is engaged. The Standby Purchaser has
knowledge and experience in financial and business matters; is familiar with the investments of the type that it is undertaking
to purchase; is fully aware of the problems and risks involved in making an investment of this type; and is capable of evaluating
the merits and risks of this investment. The Standby Purchaser acknowledges that, prior to executing this Agreement, it has had
the opportunity to ask questions of and receive answers or obtain additional information from a representative of the Company concerning
the financial and other affairs of the Company.

 

(f) Availability of Funds.
The Standby Purchaser has available sufficient funds to pay the full Commitment Amount if needed.

 

(g) Investment Intent.
The Standby Purchaser is acquiring its shares of Class A Common Stock for his own account with the intention of holding such
shares for investment and not with the view to, or for resale in connection with, any distribution thereof not in compliance with
applicable securities laws, and the Standby Purchaser has no present intention of participating, directly or indirectly, in any
sale, transfer or other distribution of the shares, except in compliance with applicable securities laws.

 

(h) No Manipulation or Stabilization
of Price. The Standby Purchaser has not taken and the Standby Purchaser will not take, directly or indirectly, any action designed
to or that would constitute, under the Exchange Act or otherwise, stabilization or manipulation of the price of any security of
the Company in order to facilitate the sale or resale of any securities of the Company, and the Standby Purchaser is not aware
of any such action taken or to be taken by any person.

 

Section 4.
Representations and Warranties of the Company.

 

(a) Existence and Good Standing;
Authority. The Company is a corporation validly existing and in good standing under the laws of the State of Nevada and has
all requisite corporate power and authority to carry on its business as now conducted.

 

(b) Authorization of Agreement;
Enforceability. This Agreement has been duly and validly authorized, executed and delivered by the Company. This Agreement
is valid, binding and enforceable against the Company in accordance with its terms, subject, as to enforcement, to bankruptcy,
insolvency, reorganization and other laws of general applicability relating to or affecting creditors’ rights and to general
equity principals.

 

(c) Due Authorization and Issuance
of Shares. All of the shares of Class A Common Stock to be issued pursuant to this Agreement will have been duly authorized
for issuance prior to the Closing, and, when issued and distributed as set forth in the prospectus to be filed by the Company with
the Securities and Exchange Commission (the “Commission”) in connection with the Rights Offering (the “Prospectus”),
will be validly issued, fully paid and non-assessable; and none of such shares of Class A Common Stock will have been issued
in violation of the preemptive rights of any security holders of the Company arising as a matter of law or under or pursuant to
the Company’s Amended and Restated Articles of Incorporation, the Company’s Amended and Restated Bylaws or any material
agreement or instrument to which the Company is a party or by which it is bound.

 

(d) No Conflicts. The Company
is not in violation of its Amended and Restated Articles of Incorporation or Amended and Restated Bylaws or in default under any
agreement, indenture or instrument to which the Company is a party, the effect of which violation or default could reasonably be
expected to have a material adverse effect on the Company, and the execution,

 

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delivery and performance of this Agreement by the
Company and the consummation of the transactions contemplated hereby will not conflict with, or constitute a breach of, or default
under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the assets of the Company pursuant
to the terms of any agreement, indenture or instrument to which the Company is a party which lien, charge or encumbrance could
reasonably be expected to have a material adverse effect on the Company, or result in a violation of the Amended and Restated Articles
of Incorporation or Amended and Restated Bylaws of the Company or any order, rule or regulation of any court or governmental agency
having jurisdiction over the Company or any of its property; and, except as required by the Securities Act, the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), and applicable state securities laws, no consent, authorization
or order of, or filing or registration with, any court or governmental agency is required for the execution, delivery and performance
of this Agreement.

 

Section 5.
Conditions to Closing.

 

(a) Conditions to Both Parties’
Obligations. The obligations of the Company and the Standby Purchaser to consummate the transactions contemplated hereunder
in connection with the Standby Offering are subject to the fulfillment, prior to or on the Closing Date, of the following conditions:

 

(i)       the
Rights Offering shall have been consummated in accordance with the terms and conditions described in the Prospectus; and

 

(ii)       no
judgment, injunction, decree, regulatory proceeding or other legal restraint shall prohibit, or have the effect of rendering unachievable,
the consummation of the Standby Offering or the transactions contemplated by this Agreement.

 

(b) Conditions to Company’s
Obligations. The obligations of the Company to consummate the transactions contemplated hereunder in connection with the Standby
Offering are subject to the fulfillment, prior to or on the Closing Date, of the following conditions:

 

(i)        the
representations and warranties of the Standby Purchaser in Section 3 shall be true and correct in all material respects
as of the date hereof and as of the Closing Date as if made as of such date; and

 

(ii)       the
Standby Purchaser shall have performed all of its obligations hereunder.

 

(c) Conditions to Standby Purchaser’s
Obligations. The obligations of the Standby Purchaser to consummate the transactions contemplated hereunder in connection with
the Standby Offering are subject to the fulfillment, prior to or on the Closing Date, of the following conditions:

 

(i)       the
representations and warranties of the Company in Section 4 shall be true and correct in all material respects as of
the date hereof and as of the Closing Date as if made as of such date; and

 

(ii)       the
Company shall have performed all of its obligations hereunder.

 

Section 6.
Survival. The representations and warranties of the parties contained in this Agreement or in any certificate delivered
hereunder shall survive the Closing hereunder.

 

Section 7.
Covenants.

 

(a) SEC Filings. The Company
agrees, as soon as reasonably practicable after the Company is advised or obtains knowledge thereof, to advise the Standby Purchaser
with a confirmation in writing, of (i) the time when any amendment or supplement to the Prospectus has been filed, (ii) the
issuance by the Commission of any stop order, or of the initiation or threatening of any proceeding, suspending the effectiveness
of the Registration Statement relating to the Rights Offering (the “Registration Statement”) or any amendment
thereto or any order preventing or

 

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suspending the use of any preliminary prospectus or
the Prospectus or any amendment or supplement thereto, (iii) the issuance by any state securities commission of any notice
of any proceedings for the suspension of the qualification of the shares of Class A Common Stock for offering or sale in any
jurisdiction or of the initiation, or the threatening, of any proceeding for such purpose, (iv) the receipt of any comments
from the Commission directed toward the Registration Statement or any document incorporated therein by reference, and (v) any
request by the Commission for any amendment to the Registration Statement or any amendment or supplement to the Prospectus or for
additional information. The Company shall use its commercially reasonable efforts to prevent the issuance of any such order or
the imposition of any such suspension and, if any such order is issued or suspension is imposed, to obtain the withdrawal thereof
as promptly as possible.

 

(b) Information About Standby
Purchaser. The Standby Purchaser agrees to furnish to the Company all information with respect to the Standby Purchaser that
may be necessary or appropriate and will make any information furnished to the Company for the Prospectus by the Standby Purchaser
not contain any untrue statement of material fact or omit to state a material fact required to be stated in the Prospectus or necessary
in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.

 

(c) Public Announcements.
Neither the Company nor the Standby Purchaser shall issue any public announcement, statement or other disclosure with respect to
this Agreement or the transactions contemplated hereby without the prior consent of the other party hereto, which consent shall
not be unreasonably withheld or delayed, except if such public announcement, statement or other disclosure is required by applicable
law or applicable stock market regulations, in which case the disclosing party shall consult in advance with respect to such disclosure
with the other parties to the extent reasonably practicable.

 

(d) NASDAQ Listing. The
Company shall cause the shares of Class A Common Stock issued to the Standby Purchaser hereunder to be listed on the NASDAQ
Stock Market (“NASDAQ”).

 

Section 8.
Termination.

 

(a) By Standby Purchaser.
The Standby Purchaser may terminate this Agreement (i) upon the occurrence of a suspension of trading in the Class A
Common Stock by NASDAQ, any suspension of payments with respect to banks in the United States or a declaration of war or national
emergency in the United States, or (ii) if the Company materially breaches its obligations under this Agreement and such breach
is not cured within five business days following written notice to the Company.

 

(b) By Company. The Company
may terminate this Agreement (i) in the event the Company, in its reasonable judgment, determines that it is not in the best
interests of the Company and its stockholders to proceed with the Rights Offering, (ii) if consummation of the Rights Offering
and/or the Standby Offering is prohibited by applicable law, rules or regulations, or (iii) if the Standby Purchaser materially
breaches his obligations under this Agreement and such breach is not cured within five business days following written notice to
the Standby Purchaser.

 

(c) Other. Any of the parties
hereto may terminate this Agreement if the transactions contemplated hereby are not consummated by December 31, 2019 through
no fault of the terminating party. In addition, this Agreement shall terminate upon the parties’ mutual consent.

 

(d) Effect of Termination.
The Company and the Standby Purchaser hereby agree that any termination of this Agreement pursuant to this Section 8
(other than termination by one party in the event of a breach of this Agreement by the other party or a misrepresentation of any
of the

 

    	 	5	 

     

    

 

statements made hereby by the other party), shall
be without liability to the Company or the Standby Purchaser.

 

Section 9.
Notices. All notices, communications and deliveries required or permitted by this Agreement shall be made in writing
signed by the party making the same, shall specify the Section of this Agreement pursuant to which it is given or being made and
shall be deemed given or made (a) on the date delivered if delivered in person, (b) on the third (3rd) business day after
it is mailed if mailed by registered or certified mail (return receipt requested) (with postage and other fees prepaid) or (c) on
the day after it is delivered, prepaid, to an overnight express delivery service that confirms to the sender delivery on such day,
as follows:

 

If to the Company:

 

DISH Network Corporation

9601 South Meridian Blvd.

Englewood, Colorado 80112

Attn: Executive Vice President and General Counsel

 

With a copy to:

 

Sullivan & Cromwell LLP

125 Broad Street

New York, NY 10004

Attn: Scott D. Miller

 

If to the Standby Purchaser:

 

Charles W. Ergen

9601 South Meridian Blvd.

Englewood, Colorado 80112

 

With a copy to:

 

Robert J. Hooke

P.O. Box 610

Littleton, Colorado 80160

 

or to such other representative or at such other address
of a party as such party hereto may furnish to the other parties in writing in accordance with this Section 9.

 

Section 10.
Entire Agreement. This Agreement constitutes the entire agreement and understanding among the Standby Purchaser and
the Company, and supersedes all prior agreements and understandings relating to the subject matter hereof.

 

Section 11.
Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of
Nevada.

 

Section 12.
Amendments. This Agreement may be modified or amended only with the written consent of the Company and the Standby Purchaser.

 

Section 13.
Severability. If any provision of this Agreement shall be invalid under the applicable law of any jurisdiction, the
remainder of this Agreement shall not be affected thereby.

 

Section 14.
Miscellaneous.

 

(a)       Notwithstanding
any term to the contrary herein, no person other than the Company or the Standby Purchaser shall be entitled to rely on and/or
have the benefit of, as a third party beneficiary or under any other theory, any of the representations, warranties, agreements,
covenants or other provisions of this Agreement.

 

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(b)       The
headings in this Agreement are for purposes of reference only and shall not limit or otherwise affect the meaning of this Agreement.

 

(c)       This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which, when
taken together, shall constitute one and the same instrument.

 

(d)       The
Standby Purchaser shall not assign this Agreement or any of his rights or obligations hereunder without the Company’s prior
written consent.

 

(e)       Each
party to this Agreement shall pay his or its own costs and expenses (including attorney fees) incurred in connection with the Rights
Offering, the Standby Purchase and the other transactions contemplated by this Agreement.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, each of the Standby
Purchaser and the Company have executed this Agreement on and as of the date first set forth above.

 

	 	CHARLES W. ERGEN
	 	 	 
	 	By: 	
        /s/ Charles
W. Ergen 

	 	 	Name:	Charles W. Ergen

 

	 	DISH NETWORK CORPORATION
	 	 	 
	 	By:	
        /s/ Brandon
Ehrhart 

	 	 	Name:	Brandon Ehrhart
	 	 	Title:	SVP, Deputy General Counsel and Secretary

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