Document:

EX-10.8

 Exhibit 10.8 

FORM OF STOCKHOLDERS AGREEMENT 

This STOCKHOLDERS AGREEMENT (this “Agreement”) is made and entered into as of [•], 2021, by and among (i) WeWork
Inc., a Delaware corporation (formerly known as BowX Acquisition Corp) (the “Company”), (ii) BowX Sponsor, LLC, a Delaware limited liability company (“BowX Investor”), (iii) SB WW Holdings (Cayman) Limited
(“SB Investor”), (iv) SVF Endurance (Cayman) Limited (“VF Investor”), (v) [Benchmark Entity] (“Benchmark Investor” and, together with BowX Investor, SB Investor and VF Investor, each a
“Stockholder” and collectively, the “Stockholders”). Each capitalized term used and not otherwise defined herein shall have the meaning assigned to such term in the Merger Agreement (as defined below). 

WHEREAS, BowX Investor is the holder of certain shares of the Company’s Class A common stock, par value $0.0001 per share (the
“Class A Common Stock” or the “Common Stock”), and certain warrants to acquire shares of Class A Common Stock; 

WHEREAS, as a result of the transactions contemplated by that certain Agreement and Plan of Merger, dated [•], 2021, by and among the
Company and certain other persons named therein and party thereto (as it may be amended in accordance with its terms, the “Merger Agreement”), each of the Stockholders other than BowX Investor are receiving shares of Class A
Common Stock; and 
 WHEREAS, in connection with the transactions contemplated by the Merger Agreement, the Company and the Stockholders
desire to set forth certain understandings among them, including with respect to certain governance matters. 
 NOW, THEREFORE, in
consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 

ARTICLE I 
 REPRESENTATIONS
AND WARRANTIES OF THE PARTIES 
 Each party hereby represents and warrants to the other parties and acknowledges that: (a) the
execution, delivery and performance of this Agreement have been duly authorized by such party and do not require such party to obtain any consent or approval that has not been obtained and do not contravene or result in a default under any provision
of any law or regulation applicable to such party or other Governing Documents or any agreement or instrument to which such party is a party or by which such party is bound; (b) such party has the power and authority to enter into this
Agreement and to carry out its obligations hereunder; and (c) this Agreement is valid, binding and enforceable against such party in accordance with its terms. 

 ARTICLE II 

BOARD OF DIRECTORS; OBSERVERS; VOTING AGREEMENT 

Section 2.1 Initial Board Composition. As of the date of this Agreement, the authorized number of directors on the board of
directors of the Company (the “Board”) is nine (9). The initial composition of the Board shall be as follows: 
 (a)
three directors designated by the SB Investor, who initially shall be: [•], Michel Combes, and Marcelo Claure, who shall initially serve as Executive Chairman; 

(b) one director designated by the VF Investor, who initially shall be Kirthiga Reddy; 

(c) one director designated by the Benchmark Investor, who initially shall be Bruce Dunlevie; 

(d) one director designated by [Insight Entity] (the “Insight Investor”), who initially shall be Deven Parekh; 

(e) one director designated by the BowX Investor, who initially shall be Vivek Ranadivé; 

(f) the Chief Executive Officer of the Company, who initially shall be Sandeep Mathrani; and 

(g) Jeff Sine. 
 Section 2.2
SB Investor Director Designations. Until such time as the SB Investor Transfers (other than to a Permitted Transferee) a number of shares of Class A Common Stock representing at least 50% of the outstanding shares of Class A Common
Stock held by the SB Investor as of the Closing, the SB Investor shall have the right to designate for nomination by the Board (or a nominating committee thereof) three candidates for election to the Board. After such time as the SB Investor has
Transferred (other than to a Permitted Transferee) a number of shares of Class A Common Stock representing at least 50% of the outstanding shares of Class A Common Stock held by the SB Investor as of the Closing, for so long as the SB
Investor and the Permitted Transferees of the SB Investor, in the aggregate, hold a number of shares representing at least the percentage of the combined outstanding shares of Class A Common Stock and Class C Common Stock shown below, the
SB Investor shall have the right to designate for nomination by the Board (or a nominating committee thereof) a number of candidates for election to the Board that, if elected, would result in SB Investor having nominated the number of directors
serving on the Board that is shown below (any person nominated by the SB Investor pursuant to this Section 2.2, an “SB Investor Nominee”). 

 

					
	 Percentage of Outstanding

Class A and Class C Common Stock
	  	Number of SB
Investor Directors	 
	 25% or greater
	  	 	3	 
	 Less than 25% but greater than or equal to 15%
	  	 	2	 
	 Less than 15% but greater than or equal to 1%
	  	 	1	 
	 Less than 1%
	  	 	0	 

  
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 Section 2.3 Other Investor Director Designations. Until such time as a
Stockholder (other than the SB Investor) or the Insight Investor Transfers (other than to a Permitted Transferee) a number of shares of Class A Common Stock representing at least 50% of the outstanding shares of Class A Common Stock held,
as applicable, by such Stockholder or the Insight Investor as of the Closing, such Stockholder or the Insight Investor, as applicable, shall have the right to designate for nomination by the Board (or a nominating committee thereof) one candidate
for election to the Board (each, a “Stockholder Nominee”). Notwithstanding anything in the immediately preceding sentence to the contrary, if the VF Investor loses such designation right, effective immediately upon such loss, so
long as the SB Investor and the Permitted Transferees of the SB Investor, in the aggregate, hold a number of shares representing at least 1% of the outstanding shares of Class A Common Stock and Class C Common Stock, the SB Investor shall
have the right to designate for nomination by the Board (or a nominating committee thereof) an additional candidate in addition to the candidates set forth in Section 2.2. 

Section 2.4 Company Actions. 

(a) To the extent such action is consistent with the fiduciary duties of the Board (or a nominating committee thereof), the Company agrees to
include in the slate of nominees recommended by the Board those SB Investor Nominees and Stockholder Nominees designated by the Stockholders in accordance with the terms hereof and to include such persons in the Company’s proxy materials and
form of proxy disseminated to stockholders of the Company in connection with the election of directors (including at any special meeting of stockholders held for the election of directors). Each of the Stockholders shall include in its written
communication of designation to the Board (or a nominating committee thereof), which shall be delivered no later than 15 days prior to the Board or nominating committee meeting to consider a slate of director nominees, (x) director biographies
in customary form and (y) reasonably detailed information regarding the independence of each such nominee intended to qualify as independent. To the extent such action is consistent with the fiduciary duties of the Board (or a nominating
committee thereof), the Company shall use its reasonable best efforts to cause the election of each such designee to the Board, including nominating such designees to be elected as directors and by soliciting proxies in favor of the election of such
persons. 
 (b) In the event that at any time the number of directors entitled to be designated by a Stockholder pursuant to
Sections 2.2 or 2.3 decreases, such Stockholder and the Company shall take reasonable actions to cause a sufficient number of designated directors to resign from the Board at or prior to the end of such designated
director’s term (as may be determined by the Company’s nominating and corporate governance committee) such that the number of directors designated by such Stockholder after such resignation(s) equals the number of directors such
Stockholder is then-entitled to designate pursuant to Sections 2.2 and 2.3 (as applicable). Subject to Section 2.8(b), any vacancies created by such resignation may remain vacant until the
next annual meeting of stockholders or may be filled by a majority vote of the Board or a committee thereof in accordance with Section 2.8(b). Notwithstanding the foregoing, such designated director(s) need not resign from
the Board at or prior to the end of such director’s term if the Company’s nominating and corporate governance committee recommends the nomination of such director(s) for election at the next annual meeting coinciding with the end of such
director’s term, or otherwise (and upon such election, such director shall no longer be considered a designee of the applicable Stockholder). 

  
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 Section 2.5 Director Independence. During the term of this Agreement, the
majority of the directors comprising the Board shall qualify as “independent” under all Applicable Regulations (collectively, “Independent”). If the Board (or a nominating committee thereof) in the exercise of its
reasonable business judgment reasonably determines that any individual designated by a Stockholder as Independent is not Independent, the Board shall promptly notify such Stockholder of such determination and such Stockholder will be entitled to
designate a replacement Independent individual for nomination. The Stockholders acknowledge and agree that the SB Investor shall never be required to designate for nomination more than one candidate for election to the Board that qualifies as
Independent. Any director designated for nomination by the Insight Investor shall be required at all times to be Independent. 

Section 2.6 Employee Directors. For so long as the Company has a duly appointed and acting Chief Executive Officer as a named
executive officer, the Company shall take all Necessary Action to include such Chief Executive Officer in the slate of nominees recommended by the Board for election as directors at each applicable annual or special meeting of stockholders at which
directors are to be elected. 
 Section 2.7 Committee Representation. Subject to Applicable Regulations (including with respect
to Independent director representation on Board committees), SB Investor shall have the right to have a pro rata number of SB Investor Nominees (rounded to the nearest whole number, but in any event not less than one (1)) appointed to serve
on each committee of the Board for so long as SB Investor has the right to designate at least one (1) director for election to the Board. (For example, if SB Investor then has the right to nominate three (3) persons to a board of directors
of nine (9) persons (i.e., 33%), and a committee of three (3) persons is established, one (1) committee member shall be a SB Investor Director). Notwithstanding the foregoing, if there shall ever be a committee of less than two
(2) directors established, no SB Investor designated director shall serve on such committee. 
 Section 2.8 Vacancies and
Removal. 
 (a) Except as provided for in Section 2.1 and Section 2.2, and to the
extent not inconsistent with Section 141(k) of the General Corporation Law of the State of Delaware and the Company’s Governing Documents: (a) each Stockholder shall have the exclusive right to instruct that its respective nominated
director(s) be removed from the Board, and the Board and each Stockholder shall take all Necessary Action to cause the removal of any of the directors nominated by a Stockholder at the instruction of such Stockholder; and (b) each Stockholder
shall have the exclusive right to nominate for appointment or nomination by the Board candidates to fill vacancies created by reason of death, removal or resignation of the applicable SB Investor Nominee or Stockholder Nominee, as applicable, and
the Board and the Stockholders shall take all Necessary Action to cause any such vacancies to be filled by replacement candidates nominated by the applicable stockholder (consistent with the other provisions of this Agreement) as promptly as
reasonably practicable. 

  
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 (b) Notwithstanding Section 2.7, at any time that the voting
restrictions set forth in Article V, Part A, Section 7 of the Charter remain in effect, if a vacancy on the Board arises by reason of the death, removal or resignation of a director (x) who was not nominated by any of the Stockholders
pursuant to Section 2.2 or Section 2.3 or (y) pursuant to the first sentence of Section 2.4(b), then a committee of the Board shall be created consisting of all of
the directors other than any directors designated by the SB Investor or the VF Investor, and any such vacancy shall be filled as promptly as practicable by a majority vote of such committee. 

(c) To the extent not inconsistent with Section 141(k) of the General Corporation Law of the State of Delaware and the Company’s
Governing Documents, in the event the director initially identified in Section 2.1(g) is no longer then-serving as a director by reason of death, removal, resignation or otherwise, the Board and the Stockholders shall take
all Necessary Action to cause any such vacancy to be filled by a replacement candidate approved and nominated by the Stockholders based on a majority vote of shares of Common Stock held by the Stockholders; provided, however, that if at such time
the voting restrictions set forth in Article V, Part A, Section 7 of the Charter remain in effect, then the shares held by the SB Investor shall remain subject to such provision of the Charter (i.e., SB Investor and VF Investor, together,
cannot exercise more than 49.9% voting power in such approval and nomination). 
 (d) If upon any event or for any reason, the directors
designated by the SB Investor and the VF Investor would comprise more than half of the directors then in office, then, effective immediately prior to such event (a “Resignation Event”), a sufficient number of the SB Investor
designated directors shall be deemed to have resigned from the Board so that the directors designated by the SB Investor and the VF Investor would not comprise more than half of the directors then in office. For the avoidance of doubt, this
Section 2.8(d) shall not be interpreted as restricting any of the SB Investor’s or the VF Investor’s rights under this Agreement, including, without limitation, Section 2.2,
Section 2.3 and Section 2.8(a). 
 Section 2.9 Board Observer Rights. Until
such time as SOF-X WW Holdings, L.P. and SOF-XI WW Holdings, L.P. (together, “Starwood Investors”) Transfer (other than to a Permitted Transferee) a
number of shares of Class A Common Stock representing at least 50% of the aggregate outstanding shares of Class A Common Stock held by Starwood Investors as of the Closing, the Company will permit an individual designated in writing by
Starwood Investors from time to time (each, an “Observer”) to attend meetings of the Board and of any committee thereof as a non-voting observer, and will give such individual notice of such
meetings at the same time and in the same manner as notice to the directors or advisory board members. Observer shall be entitled to concurrent receipt of any materials provided to the Board or any committee thereof, provided, however, that such
Observer shall agree to hold in confidence and trust all information so provided; provided further, however, that the Company reserves the right to withhold any materials and to exclude such Observer from any meeting or portion thereof if access to
such materials or attendance at such meeting could adversely affect the attorney-client privilege between the Company and its counsel or result in disclosure of trade secrets or a conflict of interest, or if Starwood Investors or their
representative is a competitor of the Company. 

  
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 Section 2.10 Board Meeting Expenses. The Company shall pay all reasonable and
documented out-of-pocket costs and expenses (including, but not limited to, travel and lodging) incurred by each member of the Board, and by each Observer (if any),
incurred in the course of his or her service hereunder, including in connection with attending regular and special meetings of the Board, any board of directors or board of managers of each of the Company’s subsidiaries and/or any of their
respective committees. 
 Section 2.11 Voting Agreement. Subject to Section 2.12, each Stockholder
hereby agrees to vote, or cause to be voted, all shares of Common Stock owned beneficially or of record by such Stockholder, or over which such Stockholder maintains voting control, directly or indirectly, in such manner as may be necessary or
advisable in support of, or to implement, maintain, or protect the various matters set forth in, and the intent of, this Article II (including without limitation the maintenance of a number of authorized directors and the
election or removal of designated nominees), whether at an annual or special meeting of stockholders of the Company or pursuant to any written consent of the stockholders of the Company. Notwithstanding anything in this Agreement to the contrary, at
any time the voting restrictions set forth in Article V, Part A, Section 7 of the Charter remain in effect, any shares of Common Stock subject to the Subject Shares Proxy shall be voted in accordance with the Charter. 

Section 2.12 Proxy. Except as otherwise set forth in Section 2.8(c), solely with respect to the election
of directors to the Board and as set forth in clause (y) below, each of the SB Investor and the VF Investor hereby irrevocably appoints the WW Executive (as defined in the Charter) as its attorney and proxy, to the full extent of its voting
rights with respect to its shares (“Remaining Shares”) of Common Stock, other than Subject Shares (as defined in the Charter), (x) except as set forth in the following clause (y), to vote all Remaining Shares in accordance with
Section 2.11 and (y) in connection with a stockholder vote to remove any director from the Board who has not been designated by a Stockholder pursuant to Section 2.2 or
Section 2.3, to vote all Remaining Shares in proportion to the votes cast by the stockholders of the Company (other than the SB Investor and the VF Investor) in such stockholder vote. For the avoidance of doubt, the SB
Investor and the VF Investor retain all economic and all other non-voting rights, powers and preferences in their respective Remaining Shares, including voting rights on matters unrelated to those described in
the foregoing sentence. The proxy granted under this Section 2.12 shall automatically terminate when the voting restrictions set forth in Article V, Part A, Section 7 of the Charter are no longer in effect. 

ARTICLE III 
 TERM AND
TERMINATION 
 Section 3.1 Term. This Agreement shall terminate, and be of no further force and effect: 

(a) upon the mutual consent of all parties hereto; or 

(b) with respect to any Stockholder, upon the time that such Stockholder is no longer entitled to nominate at least one (1) director (or
in the case of Starwood Investors, an observer) pursuant to Article II hereof. 
 Section 3.2 Effect of
Termination. If this Agreement is terminated pursuant to Section 3.1(a) hereof, this Agreement shall become void and of no further force and effect, except for: (i) the provisions set forth in this
Section 3.2 and in Article V; and (ii) the rights with respect to the breach of any provision hereof by the Company. 

  
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 ARTICLE IV 

DEFINITIONS 

“Affiliate” has the meaning set forth in Rule 12b-2 of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended. 
 “Applicable Regulations” means applicable laws and
national securities exchange regulations that apply to the Company. 
 “Business Day” means a day other than a Saturday,
Sunday or other day on which commercial banks in New York City, New York are authorized or required by law to close. 
 “Governing
Documents” with respect to the Company and any of its subsidiaries, means, collectively, certificate of incorporation, certificate of formation, bylaws, operating agreement or similar governing documents. 

“Necessary Action” means, with respect to a specified result, all actions, to the fullest extent permitted by applicable law
and, in the case of any action by the Company that requires a vote or other action on the part of the Board, to the extent such action is consistent with the fiduciary duties of the Board, necessary to cause such result, including, without
limitation: (a) voting or providing a written consent or proxy with respect to the Common Stock; (b) causing the adoption of amendments to the Governing Documents; (c) executing agreements and instruments; and (d) making, or
causing to be made, with governmental, administrative or regulatory authorities, all filings, registrations or similar actions that are required to achieve such result. 

“Person” means any individual, firm, corporation, partnership, limited liability company, incorporated or unincorporated
association, joint venture, joint stock company, governmental authority or instrumentality or other entity of any kind. 

“Charter” means the Company’s Second Amended and Restated Certificate of Incorporation, as amended. 

“Transfer” means, with respect to any securities, to sell, assign, transfer or otherwise dispose of such securities. 

ARTICLE V 
 MISCELLANEOUS 

Section 5.1 Amendment and Waiver. This Agreement may be amended by the parties at any time by execution of an instrument in
writing signed by the Company and the Stockholders holding at least two-thirds (2/3) of the shares of Common Stock subject to this Agreement; provided, however, that (x) no amendment shall adversely
affect the rights of a Stockholder in a manner disproportionate to any other Stockholder (unless consented to by such Stockholder), and (y) if at such time the voting restrictions set forth in Article V, Part A, Section 7

  
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of the Charter remain in effect, then the shares held by the SB Investor shall remain subject to such provision of the Charter (i.e., SB Investor and VF Investor, together, cannot exercise more
than 49.9% voting power in connection with any proposed amendment). Notwithstanding the foregoing, Section 2.1 and Section 2.9 may only be amended as follows:
(i) Section 2.1(a) may only be amended with the express written consent of SB Investor, (ii) Section 2.1(b) may only be amended with the express written consent of VF Investor,
(iii) Section 2.1(c) may only be amended with the express written consent of Benchmark Investor, and (iv) Section 2.1(e) may only be amended with the express written consent of BowX
Investor; provided that a provision for which a specific Stockholder is no longer entitled to rights thereunder shall not require any consent of such Stockholder with respect to amending or modifying such provision. In the event any Applicable
Regulations come into force or effect (including by amendment), including any applicable rules of a national securities exchange upon which the Class A Common Stock is registered, or of the Securities and Exchange Commission, which conflicts
with the terms and conditions of this Agreement, the parties shall negotiate in good faith to revise this Agreement to achieve the parties’ intention set forth herein. 

Section 5.2 Severability. In the event that any term, provision, covenant or restriction of this Agreement, or the application
thereof, is held to be illegal, invalid or unenforceable under any present or future applicable law: (a) such provision will be fully severable; (b) this Agreement will be construed and enforced as if such illegal, invalid or unenforceable
provision had never comprised a part hereof; (c) the remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom; and
(d) in lieu of such illegal, invalid or unenforceable provision, there will be added automatically as a part of this Agreement a legal, valid and enforceable provision as similar in terms of such illegal, invalid or unenforceable provision as
may be possible. 
 Section 5.3 Entire Agreement. Except as otherwise expressly set forth herein, this document and the
documents referenced herein and therein embody the complete agreement and understanding among the parties hereto with respect to the subject matter hereof and supersede and preempt any prior understandings, agreements or representations by or among
the parties hereto, written or oral, which may have related to the subject matter hereof in any way. The parties hereto acknowledge and agree that: (i) the Insight Investor shall be a third-party beneficiary of
Section 2.3; (ii) the Starwood Investors shall be a third-party beneficiary of Section 2.3; (iii) Section 2.1(d) may only be amended with the express written consent of
the Insight Investor; and (iv) Section 2.9 may only be amended with the express written consent of the Starwood Investors; provided that the third-party beneficiary and consent rights granted under this
Section 5.3 shall terminate (x) in respect of the Insight Investor, when it no longer has the right to designate a member of the Board pursuant to Section 2.1(d), and (y) in respect of the Starwood
Investors, when they no longer have the right to designate an Observer pursuant to Section 2.9. 

  
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 Section 5.4 Transfers; Successors and Assigns. 

(a) If a Stockholder effects any Transfer of shares of Common Stock to any Affiliate of such Stockholder (or to any executive officer or
director of such Stockholder or of such Stockholder’s Affiliates) (each, a “Permitted Transferee”) or any other Person approved by the Company in its sole and absolute discretion, such Permitted Transferee shall, if not a
Stockholder, within five (5) days of such Transfer execute an agreement stating that the transferee is receiving and holding the securities subject to the provisions of this Agreement and that such Permitted Transferee agrees to be a
“Stockholder” for all purposes of this Agreement, and which provides that such Permitted Transferee shall be bound by and shall fully comply with the terms of this Agreement. If a Stockholder effects any Transfer of shares of Common
Stock to any Person that is not a Permitted Transferee, such Person shall not become a “Stockholder” hereunder, and shall have no rights or obligations hereunder. 

(b) Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable by the Company and its
successors and assigns, and each Stockholder and its respective successors and assigns, so long as such Persons hold Common Stock. No Stockholder may assign any of its rights hereunder to any Person other than a Permitted Transferee. Each Permitted
Transferee of any Stockholder shall be subject to all of the terms of this Agreement, and by taking and holding such shares such Person shall be entitled to receive the benefits of and be conclusively deemed to have agreed to be bound by and to
comply with all of the terms and provisions of this Agreement; provided, however, no transfer of rights permitted hereunder shall be binding upon or obligate the Company unless and until if required under Section 5.4(a),
the Company shall have received written notice of such transfer and the written agreement of the transferee provided for in Section 5.4(a). Notwithstanding the foregoing, no successor or assignee of the Company shall have
any rights granted under this Agreement until such Person shall acknowledge its rights and obligations hereunder by a signed written statement of such Person’s acceptance of such rights and obligations. 

Section 5.5 Counterparts. This Agreement may be executed in separate counterparts each of which shall be an original and all of
which taken together shall constitute one and the same agreement. 
 Section 5.6 Remedies. The parties hereto agree and
acknowledge that money damages are not an adequate remedy for any breach of the provisions of this Agreement and that the Company and each Stockholder shall have the right to injunctive relief or specific performance, in addition to all of its
rights and remedies at law or in equity, to enforce the provisions of this Agreement. Nothing contained in this Agreement shall be construed to confer upon any person who is not a signatory hereto any rights or benefits, as a third party beneficiary
or otherwise. Each of the parties hereto shall pay their own fees and expenses, including their own counsel fees, incurred in connection with this Agreement; provided, that a Stockholder that incurs fees and expenses in successfully enforcing its
rights under this Agreement against the Company shall be entitled to award or reimbursement of such fees and expenses to the extent documented and reasonably incurred. 

Section 5.7 Notices. All notices and other communications hereunder shall be in writing and shall be deemed given: (a) on the
date established by the sender as having been delivered personally; (b) one Business Day after being sent by a nationally recognized overnight courier guaranteeing overnight delivery; (c) on the date delivered, if delivered by email, with
confirmation of transmission; or (d) on the fifth Business Day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications, to be valid, must be addressed as follows: 

  
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 If to the Company: 

[WeWork Inc.] 
 [ ] 

[ ] 
 Attention:[ ] 

Email: [ ] 
 If to a
Stockholder: 
 To such Stockholder as set forth on Schedule I. 

or to such other address or to the attention of such Person or Persons as the recipient party has specified by prior written notice to the sending party (or
in the case of counsel, to such other readily ascertainable business address as such counsel may hereafter maintain). If more than one method for sending notice as set forth above is used, the earliest notice date established as set forth above
shall control. 
 Section 5.8 Governing Law. This Agreement and any action, suit, dispute, controversy or claim arising out of
this Agreement or the validity, interpretation, breach or termination of this Agreement shall be governed by and construed in accordance with the internal law of the State of Delaware regardless of the law that might otherwise govern under
applicable principles of conflicts of law thereof. 
 Section 5.9 CONSENT TO JURISDICTION AND SERVICE OF PROCESS; WAIVER OF JURY
TRIAL. THE PARTIES TO THIS AGREEMENT SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE COURT OF CHANCERY OF THE STATE OF DELAWARE, OR IF SUCH COURT SHALL NOT HAVE JURISDICTION, ANY STATE OR FEDERAL COURT LOCATED IN THE STATE OF DELAWARE (AND ANY
APPROPRIATE APPELLATE COURT THEREFROM) (THE “DELAWARE COURTS”) IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS OF THIS AGREEMENT AND ANY RELATED AGREEMENT, CERTIFICATE OR OTHER DOCUMENT DELIVERED IN CONNECTION HEREWITH
AND BY THIS AGREEMENT WAIVE, AND AGREE NOT TO ASSERT, ANY DEFENSE IN ANY ACTION FOR THE INTERPRETATION OR ENFORCEMENT OF THIS AGREEMENT AND ANY RELATED AGREEMENT, CERTIFICATE OR OTHER DOCUMENT DELIVERED IN CONNECTION HEREWITH, THAT THEY ARE NOT
SUBJECT THERETO OR THAT SUCH ACTION MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN THE APPLICABLE DELAWARE COURT OR THAT THIS AGREEMENT MAY NOT BE ENFORCED IN OR BY THE APPLICABLE DELAWARE COURT OR THAT THEIR PROPERTY IS EXEMPT OR IMMUNE FROM
EXECUTION, THAT THE ACTION IS BROUGHT IN AN INCONVENIENT FORUM, OR THAT THE VENUE OF THE ACTION IS IMPROPER. SERVICE OF PROCESS WITH RESPECT THERETO MAY BE MADE UPON ANY PARTY TO THIS AGREEMENT BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED
MAIL, POSTAGE PREPAID, TO SUCH PARTY AT ITS ADDRESS AS PROVIDED IN SECTION 5.7. 

  
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 Section 5.10 WAIVER OF TRIAL BY JURY. EACH PARTY HERETO HEREBY ACKNOWLEDGES AND
AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER
PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER,
(III) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (IV) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 5.10. 

Section 5.11 Descriptive Headings. The descriptive headings of this Agreement are inserted for convenience only and do not
constitute a part of this Agreement. 
 [remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the undersigned have duly executed this Agreement as of the date first
written above. 
  

			
	THE COMPANY:
	
	WeWork Inc.
		
	By:	 	
                 

	Name: [●]
	Title:   [●]
	
	BOWX INVESTOR:
	
	BowX Sponsor, LLC
		
	By:	 	
                 

	Name: [●]
	Title:   [●]
	
	SB INVESTOR:
	
	SB WW HOLDINGS (CAYMAN) LIMITED
		
	By:	 	              

	Name: [●]
	Title:   [●]

 [Signature Page to Stockholders Agreement] 

			
	VISION FUND INVESTOR:
	
	SVF ENDURANCE (CAYMAN) LIMITED
		
	By:	 	
                 

	Name: [●]
	Title:   [●]
	
	BENCHMARK INVESTOR:
	
	[BENCHMARK ENTITY]
		
	By:	 	
                 

	Name: [●]
	Title:   [●]

 [Signature Page to Stockholders Agreement] 

 Schedule I 

BowX Investor 
 [Stockholder] 

[       ] 

[       ] 

Attention:[       ] 
 Email:
[       ] 
 SB Investor 

SB WW Holdings (Cayman) Limited 
 Walkers Corporate Limited 

190 Elgin Avenue, George Town, Grand Cayman 
 KY1-9008 Cayman Islands 
 Attention: SBGI Legal 

Email: sbgi-legal@softbank.com 
 VF Investor 

[Stockholder] 
 [       ] 

[       ] 

Attention:[       ] 
 Email:
[       ] 
 Benchmark Investor 

[Stockholder] 
 [       ] 

[       ] 

Attention:[       ] 
 Email:
[       ]Exhibit 4.15

   

  

  EXECUTION VERSION

   

  FORTY-NINTH SUPPLEMENTAL INDENTURE

   

  FORTY-NINTH SUPPLEMENTAL INDENTURE (this “Forty-Ninth Supplemental Indenture”),

      dated as of March 30, 2021, among T-Mobile USA, Inc. (the “Company”), the entities listed on Schedule I hereto (the “New Guarantors”), the existing guarantors signatory hereto (the “Existing Guarantors”) and Deutsche Bank
      Trust Company Americas, as trustee under the Indenture referred to below (the “Trustee”).

   

  WITNESSETH:

   

  WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture, dated as of April 28,
    2013 (the “Base Indenture”) as amended and supplemented with respect to the Company’s (a) 6.000% Senior Notes due 2023 pursuant to the Seventeenth Supplemental Indenture dated as of September 5, 2014, (b) 6.000%
    Senior Notes due 2024 pursuant to the Twenty-First Supplemental Indenture dated as of November 5, 2015, (c) 4.000% Senior Notes due 2022 pursuant to the Twenty-Third Supplemental Indenture dated as of March 16, 2017, (d) 5.125% Senior Notes due 2025
    pursuant to the Twenty-Fourth Supplemental Indenture dated as of March 16, 2017, (e) 5.375% Senior Notes due 2027 pursuant to the Twenty-Fifth Supplemental Indenture dated as of March 16, 2017, (f) 4.000% Senior Notes due 2022 pursuant to the
    Twenty-Sixth Supplemental Indenture dated as of April 27, 2017, (g) 5.375% Senior Notes due 2027-1 pursuant to the Twenty-Eighth Supplemental Indenture dated as of April 28, 2017, (h) 4.500% Senior Notes due 2026 pursuant to the Thirty-Second
    Supplemental Indenture dated as of January 25, 2018, (i) 4.750% Senior Notes due 2028 pursuant to the Thirty-Third Supplemental Indenture dated as of January 25, 2018, (j) 4.500% Senior Notes due 2026-1 pursuant to the Thirty-Fifth Supplemental
    Indenture dated as of April 30, 2018, (k) 4.750% Senior Notes due 2028-1 pursuant to the Thirty-Sixth Supplemental Indenture dated as of April 30, 2018, (l) 2.250% Senior Notes due 2026 pursuant to the Forty-Third Supplemental Indenture dated as of
    January 14, 2021, (m) 2.625% Senior Notes due 2029 pursuant to the Forty-Fourth Supplemental Indenture dated as of January 14, 2021, (n) 2.875% Senior Notes due 2031 pursuant to the Forty-Fifth Supplemental Indenture dated as of January 14, 2021, (o)
    2.625% Senior Notes due 2026 pursuant to the Forty-Sixth Supplemental Indenture dated as of March 23, 2021, (p) 3.375% Senior Notes due 2029 pursuant to the Forty-Seventh Supplemental Indenture dated as of March 23, 2021 and (q) 3.500% Senior Notes due
    2031 pursuant to the Forty-Eighth Supplemental Indenture dated as of March 23, 2021, and as amended and supplemented by the Eleventh Supplemental Indenture dated as of May 1, 2013, the Sixteenth Supplemental Indenture dated as of August 11, 2014, the
    Nineteenth Supplemental Indenture dated as of September 28, 2015, the Thirtieth Supplemental Indenture dated as of May 9, 2017, the Thirty-Fourth Supplemental Indenture dated as of April 26, 2018, the Thirty-Seventh Supplemental Indenture dated as of
    May 20, 2018, the Thirty-Eighth Supplemental Indenture dated as of December 20, 2018, the Fortieth Supplemental Indenture, dated as of September 27, 2019, the Forty-First Supplemental Indenture, dated as of April 1, 2020 and the Forty-Second
    Supplemental Indenture, dated as of May 7, 2020 (the Base Indenture as so amended and supplemented, the “Indenture”);

   

  WHEREAS, Section 4.17 of the Indenture provides that under certain circumstances
      the Company is required to cause the New Guarantors to execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantors shall become Guarantors of the applicable Notes on the terms and conditions set forth herein; and

   

  WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee, the Company, the
      Existing Guarantors and the New Guarantors are authorized to execute and deliver this Forty-Ninth Supplemental Indenture.

   

  

  
    1 

    
      
 

  

   

  NOW THEREFORE, in consideration of the foregoing and for other good and valuable
      consideration, the receipt of which is hereby acknowledged, the Company, the New Guarantors, the Existing Guarantors and the Trustee mutually covenant and agree for the benefit of the Holders of the applicable Notes as follows:

   

  1.       Defined Terms. As used in this Forty-Ninth Supplemental Indenture,
      capitalized terms used but not defined herein shall have the meaning set forth in the Indenture. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Forty-Ninth Supplemental Indenture refer to this Forty-Ninth
      Supplemental Indenture as a whole and not to any particular section hereof.

   

  2.       Agreement to Guarantee. The New Guarantors hereby agree to
      unconditionally guarantee, and the Existing Guarantors hereby affirm their unconditional guarantee of, the Company’s obligations under the Notes and the Indenture on the terms and subject to the conditions set forth in the Indenture including but not
      limited to ARTICLE X thereof.

   

  3.       Notices. All notices or other communications to the Company and the
      New Guarantors shall be given as provided in Section 12.02 of the Indenture.

   

  4.       Ratification of Indenture; Supplemental Indentures Part of Indenture.
      Except as expressly contemplated hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.

   

  5.       Governing Law. THIS FORTY-NINTH SUPPLEMENTAL INDENTURE WILL BE
      GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

   

  6       The Trustee. The Trustee shall not be responsible in any manner
      whatsoever for or in respect of the validity or sufficiency of this Forty-Ninth Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the New Guarantors and the Company.

   

  7.       Counterpart Originals. This Forty-Ninth Supplemental Indenture may
      be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed will be deemed to be an original and all of which taken together will constitute one and the same agreement. The exchange of
      copies of this Forty-Ninth Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Forty-Ninth Supplemental Indenture as to the parties hereto and may be used in lieu of
      the original Forty-Ninth Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF transmission shall be deemed to be their original signatures for all purposes. The parties may sign any number of
      copies of this Forty-Ninth Supplemental Indenture. Each signed copy will be an original, but all of them together represent the same agreement.

   

  8.       Headings, etc. The headings of the Articles and Sections of this
      Forty-Ninth Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Forty-Ninth Supplemental Indenture and will in no way modify or restrict any of the terms or provisions hereof.

   

  [Signatures on following page]

   

  
    2 

    
      
 

  

  
  IN WITNESS WHEREOF, the parties hereto have caused this Forty-Ninth Supplemental Indenture to be duly executed, all as of the date first above written.

  

  

  	 	T-MOBILE USA, INC.
	 	 
	 	By:	/s/ Johannes Thorsteinsson
	 	 	Name:	Johannes Thorsteinsson
	 	 	Title:	Senior Vice President, Treasury &  Treasurer

   

  	 	T-MOBILE US, INC.
	 	 
	 	By:	/s/ Johannes Thorsteinsson
	 	 	Name:	Johannes Thorsteinsson
	 	 	Title:	Senior Vice President, Treasury &  Treasurer

   

  [Forty-Ninth Supplemental Indenture]

   

  
     

    
      
 

  

   

  	 	ALDA WIRELESS HOLDINGS, LLC
	 	AMERICAN TELECASTING DEVELOPMENT, LLC
	 	AMERICAN TELECASTING OF ANCHORAGE, LLC
	 	AMERICAN TELECASTING OF COLUMBUS, LLC
	 	AMERICAN TELECASTING OF DENVER, LLC
	 	AMERICAN TELECASTING OF FORT MYERS, LLC
	 	AMERICAN TELECASTING OF FT. COLLINS, LLC
	 	AMERICAN TELECASTING OF GREEN BAY, LLC
	 	AMERICAN TELECASTING OF LANSING, LLC
	 	AMERICAN TELECASTING OF LINCOLN, LLC
	 	AMERICAN TELECASTING OF LITTLE ROCK, LLC
	 	AMERICAN TELECASTING OF LOUISVILLE, LLC
	 	AMERICAN TELECASTING OF MEDFORD, LLC
	 	AMERICAN TELECASTING OF MICHIANA, LLC
	 	AMERICAN TELECASTING OF MONTEREY, LLC
	 	AMERICAN TELECASTING OF REDDING, LLC
	 	AMERICAN TELECASTING OF SANTA BARBARA, LLC
	 	AMERICAN TELECASTING OF SEATTLE, LLC
	 	AMERICAN TELECASTING OF SHERIDAN, LLC
	 	AMERICAN TELECASTING OF YUBA CITY, LLC
	 	APC REALTY AND EQUIPMENT COMPANY, LLC
	 	ASSURANCE WIRELESS OF SOUTH CAROLINA, LLC
	 	ASSURANCE WIRELESS USA, L.P.
	 	ATI SUB, LLC
	 	BROADCAST CABLE, LLC
	 	CLEAR WIRELESS LLC
	 	CLEARWIRE COMMUNICATIONS LLC
	 	CLEARWIRE HAWAII PARTNERS SPECTRUM, LLC
	 	CLEARWIRE IP HOLDINGS LLC
	 	CLEARWIRE LEGACY LLC
	 	CLEARWIRE SPECTRUM HOLDINGS II LLC
	 	CLEARWIRE SPECTRUM HOLDINGS III LLC
	 	CLEARWIRE SPECTRUM HOLDINGS LLC
	 	CLEARWIRE XOHM LLC
	 	FIXED WIRELESS HOLDINGS, LLC
	 	FRESNO MMDS ASSOCIATES, LLC
	 	IBSV LLC
	 	KENNEWICK LICENSING, LLC
	 	L3TV CHICAGOLAND CABLE SYSTEM, LLC
	 	L3TV COLORADO CABLE SYSTEM, LLC, each as a Guarantor

   

  	 	By:	/s/ Johannes Thorsteinsson	 
	 	Name:     Johannes Thorsteinsson	 
	 	Title:       Senior Vice President, Treasury & Treasurer	 

   

  [Forty-Ninth Supplemental Indenture]

   

  

  
     

    
      
 

  

   

  	 	L3TV DALLAS CABLE SYSTEM, LLC
	 	L3TV DC CABLE SYSTEM, LLC
	 	L3TV DETROIT CABLE SYSTEM, LLC
	 	L3TV LOS ANGELES CABLE SYSTEM, LLC
	 	L3TV MINNEAPOLIS CABLE SYSTEM, LLC
	 	L3TV NEW YORK CABLE SYSTEM, LLC
	 	L3TV PHILADELPHIA CABLE SYSTEM, LLC
	 	L3TV SAN FRANCISCO CABLE SYSTEM, LLC
	 	L3TV SEATTLE CABLE SYSTEM, LLC
	 	LAYER3 TV, LLC
	 	METROPCS CALIFORNIA, LLC
	 	METROPCS FLORIDA, LLC
	 	METROPCS GEORGIA, LLC
	 	METROPCS MASSACHUSETTS, LLC
	 	METROPCS MICHIGAN, LLC
	 	METROPCS NETWORKS CALIFORNIA, LLC
	 	METROPCS NETWORKS FLORIDA, LLC
	 	METROPCS NEVADA, LLC
	 	METROPCS NEW YORK, LLC
	 	METROPCS PENNSYLVANIA, LLC
	 	METROPCS TEXAS, LLC
	 	MINORCO, LLC
	 	NEXTEL COMMUNICATIONS OF THE MID-ATLANTIC, INC.
	 	NEXTEL OF NEW YORK, INC.
	 	NEXTEL RETAIL STORES, LLC
	 	NEXTEL SOUTH CORP.
	 	NEXTEL SYSTEMS, LLC
	 	NEXTEL WEST CORP.
	 	NSAC, LLC
	 	PCTV GOLD II, LLC
	 	PCTV SUB, LLC
	 	PEOPLE’S CHOICE TV OF HOUSTON, LLC
	 	PEOPLE’S CHOICE TV OF ST. LOUIS, LLC
	 	PRWIRELESS PR, LLC
	 	PUSHSPRING, INC.
	 	SFE 1, LLC
	 	SIHI NEW ZEALAND HOLDCO, INC.
	 	SPEEDCHOICE OF DETROIT, LLC
	 	SPEEDCHOICE OF PHOENIX, LLC, each as a Guarantor

   

  	 	By:	/s/ Johannes Thorsteinsson	 
	 	Name:     Johannes Thorsteinsson	 
	 	Title:       Senior Vice President, Treasury & Treasurer	 

   

  [Forty-Ninth Supplemental Indenture]

   

  
     

    
      
 

  

   

  	 	SPRINT (BAY AREA), LLC
	 	SPRINT CAPITAL CORPORATION
	 	SPRINT COMMUNICATIONS COMPANY L.P.
	 	SPRINT COMMUNICATIONS COMPANY OF NEW HAMPSHIRE, INC.
	 	SPRINT COMMUNICATIONS COMPANY OF VIRGINIA, INC.
	 	SPRINT COMMUNICATIONS, INC.
	 	SPRINT CORPORATION

          
	 	SPRINT EBUSINESS, INC.
	 	SPRINT ENTERPRISE NETWORK SERVICES, INC.
	 	SPRINT EWIRELESS, INC.
	 	SPRINT INTERNATIONAL COMMUNICATIONS CORPORATION
	 	SPRINT INTERNATIONAL HOLDING, INC.
	 	SPRINT INTERNATIONAL INCORPORATED
	 	SPRINT INTERNATIONAL NETWORK COMPANY LLC
	 	SPRINT PCS ASSETS, L.L.C.
	 	SPRINT SOLUTIONS, INC.
	 	SPRINT SPECTRUM HOLDING COMPANY, LLC
	 	SPRINT SPECTRUM REALTY COMPANY, LLC
	 	SPRINT/UNITED MANAGEMENT COMPANY
	 	TDI ACQUISITION SUB, LLC
	 	THEORY MOBILE, INC.
	 	T-MOBILE INNOVATIONS LLC

        
	 	T-MOBILE LICENSE LLC
	 	T-MOBILE NORTHEAST LLC
	 	T-MOBILE PCS HOLDINGS LLC
	 	T-MOBILE PUERTO RICO HOLDINGS LLC
	 	T-MOBILE PUERTO RICO LLC
	 	T-MOBILE RESOURCES LLC
	 	T-MOBILE SOUTH LLC
	 	T-MOBILE WEST LLC
	 	TMUS INTERNATIONAL LLC
	 	TRANSWORLD TELECOM II, LLC
	 	TVN VENTURES LLC

        
	 	USST OF TEXAS, INC.
	 	UTELCOM LLC
	 	VMU GP, LLC
	 	WBS OF AMERICA, LLC, each as a Guarantor

   

  	 	By:	/s/ Johannes Thorsteinsson	 
	 	Name:    Johannes Thorsteinsson	 
	 	Title:      Senior Vice President, Treasury & Treasurer	 

   

  [Forty-Ninth Supplemental Indenture]

   

  
     

    
      
 

  

   

  	 	WBS OF SACRAMENTO, LLC
	 	WBSY LICENSING, LLC
	 	WCOF, LLC
	 	WIRELESS BROADBAND SERVICES OF AMERICA, L.L.C.
	 	WIRELINE LEASING CO., INC., each as a Guarantor

   

  	 	By:	/s/ Johannes Thorsteinsson	 
	 	Name:    Johannes Thorsteinsson	 
	 	Title:      Senior Vice President, Treasury & Treasurer	 

   

  	 	SPRINTCOM, INC.
	 	SPRINT SPECTRUM L.P.
	 	T-MOBILE FINANCIAL LLC
	 	T-MOBILE LEASING LLC, each as a Guarantor

   

  	 	By:	/s/ Johannes Thorsteinsson	 
	 	Name:    Johannes Thorsteinsson	 
	 	Title:      Assistant Treasurer	 

   

  	 	T-MOBILE CENTRAL LLC, as a Guarantor

   

  	 	By:	/s/ Johannes Thorsteinsson	 
	 	Name:    Johannes Thorsteinsson	 
	 	Title:      Vice President	 

   

  [Forty-Ninth Supplemental Indenture]

   

  
     

    
      
 

  

  
   

          
  	 	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
	 	 	 	 
	 	By:	/s/ Jeffrey Schoenfeld

           
	 	 	Name:	Jeffrey Schoenfeld
	 	 	Title:	Vice President

        
	 	 	 	 
	 	By:	/s/ Chris Niesz

        
	 	 	Name:	Chris Niesz

        
	 	 	Title:	Vice President

        

   
   

  [Forty-Ninth Supplemental Indenture]

   

  
     

    
      
 

  

  
   

  Schedule I

   

  	Entity	Jurisdiction of

            Organization
	 T-MOBILE INNOVATIONS LLC	Delaware
	 TVN VENTURES LLC	Delaware

   

  I-1

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