Document:

exv4w2

 

Exhibit 4.2

Amendment and Restated Agreement

          Whereas, ZipRealty Inc. (“Company” or “ZipRealty”) and Larry Bercovich entered into the Stock
Option Award Agreement dated September 13, 2007 (the “Agreement”), attached as Exhibit A;

          Whereas the parties desire to amend the Agreement (the “Amendment”) to clarify the definition
of certain terms and to reflect the correct and current method of exercise and payment;

          Accordingly, the parties hereby agree as follows:

	 	1.	 	The Agreement is hereby amended by making the following changes:

	 	a)  A typographical error in the term / expiration date in the Notice
of Stock Option Grant section was corrected to provide the accurate date; and
	 
	 	b) The Notice of Stock Option Grant portion of the Agreement was
modified to specify that the terms “Accelerated Vesting”, “Service Provider” and
“Disability” would be interpreted in accordance with their definitions in the
Company’s 2004 Equity Incentive Plan; and
	 
	 	c)  Section B (b) of the Agreement was modified to reflect the
current method of exercise used by the Company; and
	 
	 	d)  Section C of the Agreement was modified to reflect that
individuals exercising options may not use checks as a method of payment.
	 
	 	e)  Section G of the Agreement was modified to reflect that all
undefined terms would be defined in accordance with the definitions provided in
the Company’s 2004 Equity Incentive Plan.

	 	2.	 	There are no other changes to the Agreement.
	 
	 	3.	 	This Amendment is hereby incorporated into the Agreement. 
	 
	 	4.	 	The Amended Agreement is hereby restated in its entirety and attached hereto as Exhibit
B.

 

 

Exhibit A

 

 

ZIPREALTY, INC.

STOCK OPTION AWARD AGREEMENT

	I.	 	NOTICE OF STOCK OPTION GRANT

     Name:   Larry Bercovich

     Address:  5622 Coldwater Drive, Castro Valley, CA 94552

     You have been granted a nonstatutory stock option to purchase Common Stock of the Company,
subject to the terms and conditions this Award Agreement, as follows:

	 	 	 
	Grant Number

	 	TBD
	 
	 	 
	Date of Grant

	 	September 13, 2007
	 
	 	 
	Vesting Commencement Date

	 	August 27, 2007
	 
	 	 
	Exercise Price per Share

	 	$ 6.68
	 
	 	 
	Total Number of Shares Granted

	 	50,000
	 
	 	 
	Total Exercise Price

	 	$ 334,000
	 
	 	 
	Term/Expiration Date:

	 	August 26, 2017

     Vesting Schedule:

     Subject to accelerated vesting as set forth below [or in a separate Change of Control
Agreement between you and the Company, if applicable], this Option may be exercised, in whole or in
part, in accordance with the following schedule:

     25% of the Shares subject to the Option will vest twelve months after the Vesting Commencement
Date, and 1/48 of the Shares subject to the Option will vest on the first day of each month
thereafter, subject to Participant continuing to be a Service Provider through such dates.

     Termination Period:

     This Option shall be exercisable for three (3) months after Participant ceases to be a Service
Provider, unless such termination is due to Participant’s death or Disability, in which case this
Option shall be exercisable for one (1) year after Participant ceases to be Service Provider.
Notwithstanding the foregoing, in no event may this Option be exercised after the Term/Expiration
Date as provided above.

 

 

II. AGREEMENT

     A. Grant of Option. 

          The Administrator hereby grants to individual named in the Notice of Grant attached as Part I
of this Agreement (the “Participant”) an option (the “Option”) to purchase the number of Shares, as
set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant
(the “Exercise Price”).

     B. Exercise of Option.

          (a) Right to Exercise. This Option is exercisable during its term in accordance with
the Vesting Schedule set out in the Notice of Grant and the applicable provisions of this Award
Agreement.

          (b) Method of Exercise. This Option is exercisable by delivery of an exercise notice,
in the form attached as Exhibit A (the “Exercise Notice”), which will state the election to
exercise the Option, the number of Shares in respect of which the Option is being exercised (the
“Exercised Shares”), and such other representations and agreements as may be required by the
Company. The Exercise Notice will be completed by Participant and delivered to the Company. The
Exercise Notice will be accompanied by payment of the aggregate Exercise Price as to all Exercised
Shares together with any applicable withholding taxes. This Option will be deemed to be exercised
upon receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate
Exercise Price.

               No Shares will be issued pursuant to the exercise of this Option unless such issuance and
exercise comply with Applicable Laws. Assuming such compliance, for income tax purposes the
Exercised Shares will be considered transferred to Participant on the date the Option is exercised
with respect to such Exercised Shares.

     C. Method of Payment.

          Payment of the aggregate Exercise Price will be by any of the following, or a combination
thereof, at the election of Participant:

          1. cash;

          2. check;

          3. consideration received by the Company under a formal cashless exercise program adopted by
the Company; or

          4. surrender of other Shares which, (i) in the case of Shares acquired from the Company,
either directly or indirectly, have been owned by the Participant and not subject to a substantial
risk of forfeiture for more than six (6) months on the date of surrender, and (ii) have a Fair
Market Value on the date of surrender equal to the aggregate Exercise Price of the Exercised
Shares.

 

 

     D. Non-Transferability of Option.

          This Option may not be transferred in any manner otherwise than by will or by the laws of
descent or distribution and may be exercised during the lifetime of Participant only by
Participant. The terms of this Award Agreement will be binding upon the executors,
administrators, heirs, successors and assigns of Participant.

     E. Term of Option.

          This Option may be exercised only within the term set out in the Notice of Grant, and may be
exercised during such term only in accordance with the terms of this Award Agreement.

     F. Tax Obligations;Withholding Taxes. Participant agrees to make appropriate arrangements
with the Company (or the Parent or Subsidiary employing or retaining Participant) for the
satisfaction of all Federal, state, and local income and employment tax withholding requirements
applicable to the Option exercise. Participant acknowledges and agrees that the Company may refuse
to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at
the time of exercise.

     G. Entire Agreement; Governing Law.

          This Award Agreement, [together with the Change of Control Agreement, if applicable,]
constitute the entire agreement of the parties with respect to the subject matter hereof and
supersede in their entirety all prior undertakings and agreements of the Company and Participant
with respect to the subject matter hereof, and may not be modified adversely to Participant’s
interest except by means of a writing signed by the Company and Participant. This Award Agreement
is governed by the internal substantive laws, but not the choice of law rules, of California.

     H. NO GUARANTEE OF CONTINUED SERVICE.

          PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING
SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS AN EMPLOYEE, CONSULTANT OR NON-EMPLOYEE DIRECTOR AT
THE WILL OF THE COMPANY (AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED AN OPTION OR
PURCHASING SHARES HEREUNDER). PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE
TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN
EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS AN EMPLOYEE, CONSULTANT OR NON-EMPLOYEE
DIRECTOR FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE WITH
PARTICIPANT’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE PARTICIPANT’S RELATIONSHIP AS AN EMPLOYEE,
CONSULTANT OR NON-EMPLOYEE DIRECTOR AT ANY TIME, WITH OR WITHOUT CAUSE.

 

 

     By Participant’s signature and the signature of the Company’s representative below,
Participant and the Company agree that this Option is granted under and governed by the terms and
conditions of this Award Agreement. Participant has reviewed this Award Agreement in its entirety,
has had an opportunity to obtain the advice of counsel prior to executing this Award Agreement and
fully understands all provisions of the Award Agreement. Participant hereby agrees to accept as
binding, conclusive and final all decisions or interpretations of the Administrator upon any
questions relating to Award Agreement. Participant further agrees to notify the Company upon any
change in the residence address indicated below.

	 	 	 	 	 	 	 
	PARTICIPANT:

	 	 	 	ZIPREALTY, INC.	 	 
	 
	 	 	 	 	 	 
	/s/ Larry Bercovich
 

Signature

	 	 
	 	/s/ Samantha Harnett
 

By
	 	 
	 
	 	 	 	 	 	 
	Larry Bercovich
 

Print Name

	 	 
	 	Assistant General Counsel
 

Title
	 	 
	 
	 	 	 	 	 	 
	5622 Coldwater Drive
 

Residence Address

	 	 	 	 	 	 
	Castro Valley, CA 94552
	 	 	 	 	 	 

 

 

Exhibit B

 

 

ZIPREALTY, INC.

AMENDED STOCK OPTION AWARD AGREEMENT

I. NOTICE OF STOCK OPTION GRANT

     Name:   Larry Bercovich

     Address:  5622 Coldwater Drive, Castro Valley, CA 94552

     You have been granted a nonstatutory stock option to purchase Common Stock of the Company,
subject to the terms and conditions of this Award Agreement, as follows:

	 	 	 
	Grant Number

	 	TBD
	 
	 	 
	Date of Grant

	 	September 13, 2007
	 
	 	 
	Vesting Commencement Date

	 	August 27, 2007
	 
	 	 
	Exercise Price per Share

	 	$ 6.68
	 
	 	 
	Total Number of Shares Granted

	 	50,000
	 
	 	 
	Total Exercise Price

	 	$ 334,000
	 
	 	 
	Term/Expiration Date:

	 	September 12, 2017

     Vesting Schedule:

     Subject to “Accelerated Vesting” as defined in a separate change of control agreement between
you and Company, if applicable, this Option may be exercised, in whole or in part, in accordance
with the following schedule:

     25% of the Shares subject to the Option will vest twelve months after the Vesting Commencement
Date, and 1/48 of the Shares subject to the Option will vest on the first day of each month
thereafter, subject to you continuing to be a Service Provider as defined in the Company’s 2004
Equity Incentive Plan, through such dates.

     Termination Period:

     This Option shall be exercisable for three (3) months after you cease to be a Service
Provider, unless such termination is due to your death or Disability, as defined in the Company’s
2004 Equity Incentive Plan, in which case this Option shall be exercisable for one (1) year after
you cease to be a Service Provider. Notwithstanding the foregoing, in no event may this Option be
exercised after the Term/Expiration Date as provided above.

 

 

     II. AGREEMENT

          A. Grant of Option. 

               The Administrator hereby grants to individual named in the Notice of Grant attached as Part I
of this Agreement (the “Participant”) an option (the “Option”) to purchase the number of Shares, as
set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant
(the “Exercise Price”).

          B. Exercise of Option.

               (a) Right to Exercise. This Option is exercisable during its term in accordance with
the Vesting Schedule set out in the Notice of Grant and the applicable provisions of this Award
Agreement.

               (b) Method of Exercise. This Option is exercisable through E*Trade Financial by
contacting E*Trade Financial online or by phone at www.etrade.com or 1-800-838-0908, and following
E*Trade Financial’s procedures as well as through any other means that maybe designated by the
Company from time to time (the “Exercise Notice”). The Exercise Notice will be delivered as so
specified and accompanied by payment of the aggregate Exercise Price as to all Exercised Shares
together with any applicable withholding taxes. This Option will be deemed to be exercised upon
receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate
Exercise Price.

                    No Shares will be issued pursuant to the exercise of this Option unless such issuance and
exercise comply with Applicable Laws. Assuming such compliance, for income tax purposes the
Exercised Shares will be considered transferred to Participant on the date the Option is exercised
with respect to such Exercised Shares.

          C. Method of Payment.

               Payment of the aggregate Exercise Price will be by any of the following, or a combination
thereof, at the election of Participant:

               1. cash;

               2. consideration received by the Company under a formal cashless exercise program adopted by
the Company; or

               3. surrender of other Shares which, (i) in the case of Shares acquired from the Company,
either directly or indirectly, have been owned by the Participant and not subject to a substantial
risk of forfeiture for more than six (6) months on the date of surrender, and (ii) have a Fair
Market Value on the date of surrender equal to the aggregate Exercise Price of the Exercised
Shares.

 

 

     D. Non-Transferability of Option.

          This Option may not be transferred in any manner otherwise than by will or by the laws of
descent or distribution and may be exercised during the lifetime of Participant only by
Participant. The terms of this Award Agreement will be binding upon the executors,
administrators, heirs, successors and assigns of Participant.

     E. Term of Option.

          This Option may be exercised only within the term set out in the Notice of Grant, and may be
exercised during such term only in accordance with the terms of this Award Agreement.

     F. Tax Obligations;Withholding Taxes. Participant agrees to make appropriate arrangements
with the Company (or the Parent or Subsidiary employing or retaining Participant) for the
satisfaction of all Federal, state, and local income and employment tax withholding requirements
applicable to the Option exercise. Participant acknowledges and agrees that the Company may refuse
to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at
the time of exercise.

     G. Entire Agreement; Governing Law.

          This Award Agreement, together with any applicable change of control agreement constitutes the
entire agreement of the parties with respect to the subject matter hereof and supersede in their
entirety all prior undertakings and agreements of the Company and Participant with respect to the
subject matter hereof, and may not be modified adversely to Participant’s interest except by means
of a writing signed by the Company and Participant. This Award Agreement is governed by the
internal substantive laws, but not the choice of law rules, of California. Any terms not defined
in this Agreement shall be intererpreted in accordance with the definition(s) provided, if any in
the Company’s 2004 Equity Incentive Plan.

     H. NO GUARANTEE OF CONTINUED SERVICE.

          PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING
SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS AN EMPLOYEE, CONSULTANT OR NON-EMPLOYEE DIRECTOR AT
THE WILL OF THE COMPANY (AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED AN OPTION OR
PURCHASING SHARES HEREUNDER). PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE
TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN
EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS AN EMPLOYEE, CONSULTANT OR NON-EMPLOYEE
DIRECTOR FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE WITH
PARTICIPANT’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE PARTICIPANT’S RELATIONSHIP AS AN EMPLOYEE,
CONSULTANT OR NON-EMPLOYEE DIRECTOR AT ANY TIME, WITH OR WITHOUT CAUSE.

 

 

     By Participant’s signature and the signature of the Company’s representative below,
Participant and the Company agree that this Option is granted under and governed by the terms and
conditions of this Award Agreement. Participant has reviewed this Award Agreement in its entirety,
has had an opportunity to obtain the advice of counsel prior to executing this Award Agreement and
fully understands all provisions of the Award Agreement. Participant hereby agrees to accept as
binding, conclusive and final all decisions or interpretations of the Administrator upon any
questions relating to Award Agreement. Participant further agrees to notify the Company upon any
change in the residence address indicated below.

	 	 	 	 	 	 	 
	PARTICIPANT:

	 	 	 	ZIPREALTY, INC.	 	 
	 
	 	 	 	 	 	 
	/s/ Larry Bercovich
 

Signature

	 	 
	 	/s/ J. Patrick Lashinsky
 

By
	 	 
	 
	 	 	 	 	 	 
	Larry Bercovich
 

Print Name

	 	 
	 	CEO & President
 

Title
	 	 
	 
	 	 	 	 	 	 
	5622 Coldwater Drive
 

Residence Address

	 	 	 	 	 	 
	Castro Valley, CA 94552exv10w1

 

Exhibit 10.1

NON-QUALIFIED STOCK OPTION AGREEMENT

pursuant to the

CLEARWIRE CORPORATION

2007 STOCK COMPENSATION PLAN

* * * * *

	 	 	 	 	 
	Optionee:
	 	 	 	 
	 

	 	 

	 	 
	Grant Date:
	 	 	 	 
	 

	 	 

	 	 
	Vesting Date:
	 	 	 	 
	 

	 	 

	 	 
	Per Share Exercise Price:
	 	 	 	 
	 

	 	 

	 	 

Number
of Option Shares subject to this Option:                                          shares of Class A common stock, par
value $0.0001 per share

* * * * *

          THIS NON-QUALIFIED STOCK OPTION AGREEMENT (this “Agreement”), dated as of the Grant
Date specified above, is entered into by and between Clearwire Corporation., a company organized in
the State of Delaware (the “Company”), and the Optionee specified above (the
“Optionee”), pursuant to the Clearwire Corporation 2007 Stock Compensation Plan, as in
effect and as amended from time to time (the “Plan”); and

          WHEREAS, it has been determined under the Plan that it would be in the best interests of the
Company to grant the non-qualified stock option provided for herein to the Optionee;

          NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth
and for other good and valuable consideration, the parties hereto hereby mutually covenant and
agree as follows:

     1. Incorporation By Reference; Plan Document Receipt. This Agreement is subject in
all respects to the terms and provisions of the Plan (including, without limitation, any amendments
thereto adopted at any time and from time to time unless such amendments are expressly intended not
to apply to the grant of the option hereunder), all of which terms and provisions are made a part
of and incorporated in this Agreement as if they were each expressly set forth herein. The
Optionee hereby acknowledges receipt of a true copy of the Plan and that the Optionee has read the
Plan carefully and fully understands its content. In the event of any

 

 

conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan
shall control.

     2. Grant of Option. The Company hereby grants to the Optionee, as of the Grant Date
specified above, a non-qualified stock option (this “Stock Option”) to acquire from the
Company at the Per Share Exercise Price specified above, the aggregate number of Option Shares
specified above (the “Option Shares”).

     3. No Dividend Equivalents. The Optionee shall not be entitled to receive a cash
payment in respect of the Option Shares underlying this Stock Option on any dividend payment date
for the Shares.

     4. Exercisability of this Stock Option.

          4.1 This Stock Option shall become exercisable as to 25% of the Option Shares, on each of the
first four anniversaries of the Vesting Date, provided the Optionee is then employed by or
performing services for the Company and/or one of its Subsidiaries or Affiliates.

          4.2 Unless earlier terminated in accordance with the terms and provisions of the Plan and/or
this Agreement, this Stock Option shall expire and shall no longer be exercisable after the
expiration of ten years from the Grant Date (the “Option Period”).

          4.3 The Committee may, in its sole discretion, accelerate the exercisability of any portion of
the unexercisable portion of this Stock Option at any time, including, but not limited to, upon a
Participant’s death or Disability (as defined in Sections 4.4 and 4.5 below). In no event shall
this Stock Option be exercisable for a fractional Share.

          4.4 For purposes of this Agreement, “Disability,” if the Participant is a party to an
employment agreement, shall have the same meaning as in such employment agreement, otherwise,
“Disability” means disability as determined by the Committee in accordance with the
standards and procedures similar to those under the Company’s or the relevant Affiliate’s long-term
disability plan, if any. Subject to the first sentence of this Section 4.4, at any time that the
Company or the relevant Affiliate does not maintain a long-term disability plan,
“Disability” shall mean any physical or mental disability which is determined to be total
and permanent by a doctor selected in good faith by the Company or the relevant Affiliate.

     5. Method of Exercise and Payment. This Stock Option shall be exercised by the
Optionee by delivering to the Chief Financial Officer of the Company or his/her designated agent on
any business day a written notice, in such manner and form as may be required by the Company,
specifying the number of Option Shares the Optionee then desires to acquire (the “Exercise
Notice”). The Exercise Notice shall be accompanied by payment of the aggregate Per Share
Exercise Price specified above for such number of the Option Shares to be acquired upon such
exercise plus an amount sufficient to pay all taxes required to be withheld by any governmental
agency. Such payment shall be made in the manner set forth in Section 5.6 of the Plan.

     6. Termination of Service Relationship.

2

 

          6.1 If the Optionee’s Service Relationship with the Company and its Subsidiaries terminates
for any reason, any then unexercisable portion of this Stock Option shall be forfeited by the
Optionee and cancelled by the Company.

          6.2 If the Optionee’s Service Relationship with the Company and its Subsidiaries terminates
for any reason other than due to the Optionee’s death or Disability, the Optionee’s rights, if any,
to exercise any then exercisable portion of this Stock Option shall terminate ninety (90) days
after the date of such termination, but not beyond the expiration of the Option Period, and
thereafter this Stock Option shall be forfeited by the Optionee and cancelled by the Company.

          6.3 If the Optionee’s Service Relationship with the Company and its Subsidiaries is terminated
due to the Optionee’s death, Disability, the Optionee (or, in the case of the Optionee’s death, the
Optionee’s estate, designated beneficiary or other legal representative, as the case may be, as
determined by the Committee) shall have the right, to the extent exercisable immediately prior to
any such termination, to exercise this Stock Option at any time within the one (1) year period
following such termination, but not beyond the expiration of the Option Period, and thereafter this
Stock Option shall be forfeited by the Optionee and cancelled by the Company.

          6.4 The Committee may, in its sole discretion, determine that all or any portion of
this Stock Option, to the extent exercisable immediately prior to the termination of the
Optionee’s Service Relationship with the Company and/or one of its Subsidiaries for any
reason, may remain exercisable for an additional specified time period after the relevant
period specified above in this Section 6 expires (subject to any other applicable terms and
provisions of the Plan and this Agreement), but not beyond the expiration of the Option
Period.

          6.5 If the Affiliate of the Company engaging the Optionee ceases to be an Affiliate of
the Company, that event shall be deemed to constitute a termination of the Optionee’s
Service Relationship described in Section 6.2 above (in connection with such termination of
employment, the provisions in Section 6.1 would also be applicable).

     7. Non-transferability.

          7.1 Except as provided in Section 7.2 below, this Stock Option, and any rights or interests
therein, (i) shall not be sold, exchanged, transferred, assigned or otherwise disposed of in any
way at any time by the Optionee (or any beneficiary(ies) of the Optionee), other than by
testamentary disposition by the Optionee or by the laws of descent and distribution, (ii) shall not
be pledged, encumbered or otherwise hypothecated in any way at any time by the Optionee (or any
beneficiary(ies) of the Optionee) and (iii) shall not be subject to execution, attachment or
similar legal process. Any attempt to sell, exchange, pledge, transfer, assign, encumber or
otherwise dispose of or hypothecate this Stock Option, or the levy of any execution, attachment or
similar legal process upon this Stock Option, contrary to the terms of this Agreement and/or the
Plan, shall be null and void and without legal force or effect.

          7.2 During the Optionee’s lifetime, the Optionee may, with the consent of the Committee,
transfer without consideration all or any portion of this Stock Option to one or more

3

 

members of his or her Immediate Family, to a trust established for the exclusive benefit of
one or more members of his or her Immediate Family, to a partnership in which all the partners are
members of his or her Immediate Family, or to a limited liability company in which all the members
are members of his or her Immediate Family. For purposes of this Agreement, “Immediate
Family” means the Optionee’s children, stepchildren, grandchildren, parents, stepparents,
grandparents, spouse, siblings (including half-brothers and half-sisters), in-laws, and all such
relationships arising because of legal adoption; provided, however, that any such
Immediate Family, or any such trust, partnership and limited liability company, shall agree to be
and shall be bound by the terms and provisions of this Agreement and the Plan.

     8. Entire Agreement; Amendment. This Agreement, together with the Plan contains the
entire agreement between the parties hereto with respect to the subject matter contained herein,
and supersedes all prior agreements or prior understandings, whether written or oral, between the
parties relating to such subject matter. The Committee shall have the right, in its sole
discretion, to modify or amend this Agreement from time to time in accordance with and as provided
in the Plan; provided, however, that no such modification or amendment shall
materially adversely affect the rights of the Optionee under this Stock Option without the consent
of the Optionee. This Agreement may also be modified or amended by a writing signed by both the
Company and the Optionee. The Company shall give written notice to the Optionee of any such
modification or amendment of this Agreement as soon as practicable after the adoption thereof.

     9. Notices. Any Exercise Notice or other notice which may be required or permitted
under this Agreement shall be in writing, and shall be delivered in person or via facsimile
transmission, overnight courier service or certified mail, return receipt requested, postage
prepaid, properly addressed as follows:

     (i) If such notice is to the Company, to the attention of General Counsel or at such
other address as the Company, by notice to the Optionee, shall designate in writing from
time to time.

     (ii) If such notice is to the Optionee, at his or her address as shown on the
Company’s records, or at such other address as the Optionee, by notice to the Company, shall
designate in writing from time to time.

     10. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware, without reference to the principles of conflict of laws
thereof.

     11. Compliance with Laws. The issuance of this Stock Option (and the Option Shares
upon exercise of this Stock Option) pursuant to this Agreement shall be subject to, and shall
comply with, any applicable requirements of any foreign and U.S. federal and state securities laws,
rules and regulations (including, without limitation, the provisions of the Securities Act of 1933,
the Securities Exchange Act of 1934 and the respective rules and regulations promulgated
thereunder) and any other law or regulation applicable thereto. The Company shall not be obligated
to issue this Stock Option or any of the Option Shares pursuant to this Agreement if any such
issuance would violate any such requirements.

4

 

     12. Binding Agreement; Assignment. This Agreement shall inure to the benefit of, be
binding upon, and be enforceable by the Company and its successors and assigns. The Optionee shall
not assign (except as provided by Section 7 hereof) any part of this Agreement without the prior
express written consent of the Company.

     13. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original, but all of which shall constitute one and the same
instrument.

     14. Headings. The titles and headings of the various sections of this Agreement have
been inserted for convenience of reference only and shall not be deemed to be a part of this
Agreement.

     15. Further Assurances. Each party hereto shall do and perform (or shall cause to be
done and performed) all such further acts and shall execute and deliver all such other agreements,
certificates, instruments and documents as either party hereto reasonably may request in order to
carry out the intent and accomplish the purposes of this Agreement and the Plan and the
consummation of the transactions contemplated thereunder.

     16. Severability. The invalidity or unenforceability of any provisions of this
Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the
remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any
provision of this Agreement in any other jurisdiction, it being intended that all rights and
obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law.

          IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officer, and the Optionee has hereunto set his hand, all as of the Grant Date specified
above.

	 	 	 	 	 	 	 
	 	 	CLEARWIRE CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Benjamin G. Wolff         
	 	 
	 

	 	 	 	Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Optionee	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Printed Name	 	 

5

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