Document:

Exhibit

Exhibit 10.4
NII HOLDINGS, INC.

Restricted Stock Award Agreement

(Directors)

THIS AGREEMENT, dated as of the [DAY] day of [MONTH], [YEAR], between NII Holdings, Inc., a Delaware corporation (the “Company”), and [DIRECTOR NAME] (the “Participant”), is made pursuant to and subject to the provisions of the NII Holdings, Inc. 2015 Incentive Compensation Plan and any successor plan (the “Plan”).  All terms that are used herein that are defined in the Plan shall have the same meaning given them in the Plan.

1.    Award of Stock.  Pursuant to the Plan, the Company, on [MONTH] [DAY], [YEAR] (the “Award Date”), awarded the Participant [___] shares of Common Stock (“Restricted Stock”), subject to the terms and conditions of the Plan and subject further to the terms and conditions set forth herein.

2.    Restrictions.  Except as provided in this Agreement, the Restricted Stock is nontransferable and is subject to a substantial risk of forfeiture.

3.    Vesting.  Subject to Sections 4, 5 and 6 below, the shares of Restricted Stock shall be transferable and nonforfeitable (“Vested”) one year from the Award Date, so long as the Participant remains in the continuous service of the Company or any Subsidiary.  

4.    Death, Disability, Retirement or Termination Without Cause.  Section 3 to the contrary notwithstanding, if the Participant dies, becomes permanently and totally disabled within the meaning of Code Section 22(e)(3) (“Disabled”) or retires from service on the Board or on the board of directors of any Affiliate at or after age 65 or at an earlier age with the consent of the Committee, in each case prior to the forfeiture of the shares of Restricted Stock under Section 6, all shares of Restricted Stock that are not then Vested shall become Vested as of the date of the Participant’s death, becoming Disabled or retirement.  Additionally, notwithstanding Section 3 to the contrary, the Restricted Stock shall become Vested with respect to a pro rata portion of the shares of Restricted Stock covered hereby if the Participant’s service on the Board or on the board of directors of an Affiliate is terminated by the Company or such Affiliate without Cause and neither the preceding sentence of this Section 4 nor Section 5 applies.  Such pro-rata portion shall be equal to the product of (i) the number of shares of Restricted Stock covered hereby that are not Vested as of the date of termination, multiplied by (ii) a fraction, the numerator of which is the number of days that have elapsed from the Award Date and the denominator of which is 365.

5.    Change in Control. Upon a Change in Control, the shares of Restricted Stock that are not then Vested shall become Vested if the shares of Restricted Stock are not assumed, replaced or converted to an equivalent award by the entity that survives or 

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otherwise results from the Change in Control (the “surviving entity”) (or affiliate thereof) for securities tradable on an established securities market. If the shares of Restricted Stock are amended, replaced or converted to an equivalent award by the surviving entity (or an affiliate thereof) for securities tradable on an established securities market (a “Replacement Award”), any such Replacement Award shall be fully Vested in the circumstances described in the first sentence of Section 4 or if, within twelve (12) months after a Change in Control, (a) the Participant’s service on the board of directors of the surviving entity or any affiliate thereof is terminated without Cause and not in the circumstances described in the following sentence, or (b) the Participant voluntarily resigns from service on the board of directors of the surviving entity or any affiliate thereof, for Good Reason. Such Replacement Award shall not become Vested if the Participant’s service on the board of directors of the surviving entity or any affiliate thereof, is terminated within twelve (12) months after a Change in Control for Cause or because of the Participant’s voluntary resignation from service on the board of directors of the surviving entity or any affiliate thereof for any reason other than (a) Good Reason or (b) the circumstances described in the first sentence of Section 4.  For purposes of this Agreement, Good Reason shall be defined as a request for the Participant’s resignation from the board of directors of the surviving entity or any affiliate thereof, by a majority of the other members of the board of directors of the surviving entity or any affiliate thereof.  For the avoidance of doubt, neither any change in the national securities exchange on which the Common Stock is listed, nor the Common Stock ceasing to be listed on a national securities exchange, shall constitute in and of itself a Change in Control. 

6.    Forfeiture.  All shares of Restricted Stock that are not then Vested shall be forfeited if the Participant’s service on the Board terminates prior to the date such shares become Vested in accordance with Sections 3, 4 and 5 above or in the event the Administrator makes a final determination that the Participant has breached the provisions of Section 12.

7.    Stockholder Rights and Stock Certificates.  The Participant will have the right to receive dividends on and to vote the Restricted Stock.  The Restricted Stock may be evidenced in such manner as the Committee shall determine.  If certificates representing Restricted Stock are registered in the name of the Participant, the Company may retain possession of the certificates until the Restricted Stock becomes Vested.

8.    Fractional Shares.  Fractional shares shall not be issuable hereunder, and when any provision hereof or the Plan may entitle the Participant to a fractional share, such fraction shall be disregarded.

9.    Withholding Taxes.  If the Company or a Subsidiary shall be required to withhold any federal, state, local or foreign income, employment or other tax in connection with the Vesting of the Award, the Participant shall pay the tax or make provisions that are satisfactory to the Company for the payment thereof. The Participant may elect to have the Company retain from payment on settlement of the Award the number of shares of 

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Common Stock (based on the closing price of the Company’s Common Stock on the Nasdaq Stock Market on the vesting date) equal to the amount of any required withholding.

10.    No Right to Continued Service.  No provision of this Agreement shall confer on the Participant any right to continue service on the Board.

11.    Change in Capital Structure.  In accordance with the terms of the Plan, the terms of this Award shall be adjusted as the Committee determines is equitably required in the event (a) the Company effects one or more stock dividends, stock split-ups, subdivisions or consolidations of shares or (b) there occurs any other event which, in the judgment of the Committee necessitates such action.  Any such adjustment shall be made in compliance with Code Section 409A.

12.    Confidentiality.  The Participant agrees that, as a condition of receiving the Restricted Stock, the Participant shall not, unless otherwise required  by law, discuss or otherwise disclose to any person or entity any information contained in this Award, including but not limited to the fact that the Participant received the Award and the number of shares of Restricted Stock granted herein.

13.    Governing Law, Personal Jurisdiction and Service.  This Agreement shall be governed by, and interpreted in accordance with the internal substantive laws of the State of Delaware, without giving effect to the principles of conflicts of law.  Each party hereto irrevocably submits itself to the exclusive personal jurisdiction of the Federal and State courts sitting in the State of Delaware, and hereby waives any claims it may have as to inconvenient forum.  Each party hereto also agrees that service of process may be achieved by any form of mail addressed to the party to be served and requiring a signed receipt, at the address provided in Section 14 of this Agreement or to the address provided to the Company or any Subsidiary.  

14.    Notice.  Any notice or other communication given pursuant to this Agreement shall be in writing and shall be personally delivered or mailed by United States registered or certified mail, postage prepaid, return receipt requested, to the following addresses:

If to the Company:        NII Holdings, Inc.
1875 Explorer Street, Suite 800
Reston, VA 20190
Attn: Shana C. Smith, Corporate Secretary

If to the Participant:                                
                                            
                                            

Any such notice shall be deemed to have been given (a) on the date of postmark, in the case of notice by mail, or (b) on the date of delivery, if delivered in person.

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15.    Conflicts.  In the event of any conflict between the provisions of the Plan as in effect on the date of grant and the provisions of this Agreement, the provisions of the Plan shall govern. 

16.    Amendments.  Any amendment to the Plan effected after the date hereof shall be deemed to be an amendment to this Agreement to the extent that the amendment is applicable hereto; provided, however, that no such amendment shall adversely affect the right of the Participant with respect to the Restricted Stock without the Participant’s consent.

17.    Participant Bound by Plan.  The Participant hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof.

18.    Binding Effect.  Subject to the limitations stated above and in the Plan, this Agreement shall be binding upon and inure to the benefit of the legatees, distributees, and personal representatives of the Participant and the successors of the Company.

19.    Data Privacy Consent.  As a condition of the grant of the Restricted Stock, the Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Participant’s personal data as described in this Section 19 by and among, as applicable, the Participant’s employer, the Company and its Subsidiaries and Affiliates, for the exclusive purposes of implementing, administering and managing the Participant’s participation in the Plan.  The Participant understands that the Company and its Subsidiaries hold certain personal information about him or her, including his or her name, home address and telephone number, date of birth, social security or identity number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all Restricted Stock or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in his or her favor, for the purpose of managing and administering the Plan (“Data”).  The Participant further understands that the Company and/or its Subsidiaries will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of his or her participation in the Plan, and that the Company and/or any of its Subsidiaries may each further transfer Data to any third parties assisting the Company in the implementation, administration and management of the Plan.  The Participant understands that these recipients may be located in the U.S., South America, or elsewhere.  He or she authorizes them to receive, possess, use, retain and transfer, in electronic or other form, for the purposes of implementing, administering and managing his or her participation in the Plan, including any requisite transfer to a broker or other third party with whom he or she may elect to deposit any shares of stock acquired under the Plan, such Data as may be required for the administration of the Plan and/or the subsequent holding of shares of stock on his or her behalf.  The Participant understands that Data will be held only as long as is necessary to implement, administer and manage the Participant’s participation in the Plan.  The Participant understands that the Participant may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting 

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in writing the Company’s Corporate Secretary.  The Participant understands, however, that refusing or withdrawing the Participant’s consent may affect his or her ability to participate in the Plan.  For more information on the consequences of the Participant’s refusal to consent or withdrawal of consent, the Participant understands that the Participant may contact the Participant’s local human resources representative.

IN WITNESS WHEREOF, the Company has caused this Agreement to be signed on its behalf as of the [DAY] day of [MONTH], [YEAR], and the Participant has affixed his signature hereto.

[Signatures are located on the next page.]

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NII HOLDINGS, INC.

By: ____________________
Name:__________________
Title:___________________

PARTICIPANT

_______________________
[DIRECTOR NAME]

DATED:________________

6Exhibit

EXECUTION COPY

Exhibit 10.5

SEPARATION AND RELEASE AGREEMENT
10064158.5

This Separation and Release Agreement (“Agreement”) is made by and between NII Holdings, Inc. (“NII”), a Delaware corporation, and Gokul Hemmady (hereinafter “Employee”).  NII and Employee are collectively referred to as the “Parties” and individually as a “Party.”

RECITALS:

WHEREAS, NII desires to provide Employee with separation benefits to assist Employee in the transition from employment with NII and its wholly-owned subsidiary, Nextel Telecomunicações Ltda. (“Nextel Brazil”); and

WHEREAS, the parties to this agreement desire to resolve all issues, whether known or unknown, arising out of Employee’s employment and separation from employment in a mutually satisfactory manner, confidentially, and without resort to litigation.

AGREEMENT:

NOW, THEREFORE, in consideration of the promises and of the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties do hereby covenant and agree that on October 1, 2015 (the “Termination Date”):

		
	1.
	Termination of Employment; Separation Benefits    

A.Employee will be terminated from employment on the Termination Date.  In consideration of Employee’s acceptance of this Agreement:

(a)NII shall pay Employee $666,925, which is the equivalent of 12 months of severance pay. This amount shall be paid to Employee in one lump sum, payable within twenty (20) business days of the Termination Date, subject to the Effective Date, as defined in Section 7 below, having occurred prior to the payment date.  

(b)In the event that NII exercises its discretion to make a payment under NII’s 2015 bonus plan for a period prior to and including the employee’s Termination Date, NII shall pay to Employee the unpaid prorated bonus to which Employee would have been entitled based on NII’s actual performance and pursuant to the terms and conditions of NII’s 2015 bonus plan if and when it is paid. 

B.In the event that NII triggers a payment pursuant to the Key Employee Incentive Plan (the “KEIP”), as provided for in NII’s bankruptcy proceedings, NII shall pay to Employee his portion of the payments due to him pursuant to the terms and conditions of the KEIP if and when payments are made to other eligible employees or on the Effective Date, if later.

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C.NII hereby acknowledges and agrees to meet its obligations and/or direct Nextel Brazil to meet its obligations pursuant to the Assignment Letter dated June 27, 2013, including but not limited to providing (a) tax equalization benefits and (b) expenses of up to $5,000 U.S. for tax counseling, in each case, in respect of taxes due by Employee related to calendar years 2014 and 2015; and (c) up to U.S. $35,000 will be paid by Nextel Brazil to the vendor reasonably selected by Employee for the shipment, insurance and taxes due on personal property and household goods moved from Brazil to the U.S. including air shipment for personal effects (such as clothing and linens) and surface or sea shipment for furniture and other household items.   

D.The Parties hereby agree that if NII determines that the transition of Employee’s responsibilities is substantially complete prior to the Termination Date, then NII may accelerate the date on which Employee ceases to provide services to NII and Nextel Brazil; provided, however that during the period between such date and the Termination Date, Employee shall continue to receive all salary and benefits in the normal course consistent with past practice.  

E.Employee hereby agrees that NII will deduct from the above-described payments all withholding taxes and other payroll deductions that NII is required by law to make from wage payments to employees.  Employee hereby agrees that the payments and performances described in this Agreement are all that Employee shall be entitled to receive from NII except for vested qualified retirement benefits, if any, to which Employee may be entitled under NII's ERISA plans, and/or pursuant to the Fundo de Garantia do Tempo e Serviço, also known as FGTS.  Employee further acknowledges and agrees that the payment described in Section 1(A) shall be deemed to satisfy NII’s obligations pursuant to NII’s Severance Plan (as amended and restated February 27, 2013) (the “Severance Plan”), that such payment represents the full amount payable to Employee under the terms of the Severance Plan, and that the Severance Plan requires Employee to execute this Agreement as a condition of receiving any such payments.  

		
	2.
	Consideration 

Employee hereby agrees and acknowledges that the benefits set forth in Section 1 of this Agreement are more than Employee would otherwise be entitled to receive under any of NII’s policies and procedures and that they are in addition to anything of value to which Employee already is entitled; and, specifically, that because execution of this Agreement is a condition of receiving any benefits under the Severance Plan, to the extent it would be deemed to apply to Employee’s termination, Employee is not otherwise entitled to any of the benefits set forth in Section 1(A). Employee acknowledges and agrees that the amounts made payable to him under this Agreement and the Second Separation Agreement and General Release between the Parties (the “Second Separation Agreement”) are in complete satisfaction of any and all claims of any kind that he has made or could have in connection with his employment and separation from employment, except as otherwise set forth in Section 3.     
    
		
	3.
	Complete Release

In exchange for the consideration set forth herein, Employee hereby knowingly and voluntarily releases and forever discharges NII and any related companies, including, without limitation, their affiliates, former and current employees, officers, agents, directors, shareholders, investors, attorneys, successors and assigns or any of them (the “Released Parties”) from all 

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liabilities, claims, demands, rights of action or causes of action Employee had, has or may have against any of the Released Parties, including but not limited to any claims or demands based  upon or relating to Employee’s employment with NII or the termination of that employment.  This includes but is not limited to a release of any rights or claims Employee may have under Title VII of the Civil Rights Act of 1964, which prohibits discrimination in employment based on race, color, national origin, religion or sex; the Equal Pay Act, which prohibits paying men and women unequal pay for equal work; the Age Discrimination in Employment Act of 1967, the (“ADEA”) which prohibits age discrimination in employment; the Americans with Disabilities Act, which prohibits discrimination against otherwise qualified disabled individuals; the Virginia Human Rights Act, which is a state statue prohibiting, among other things, employment discrimination; the Fairfax County Human Rights Ordinance, which is a local ordinance prohibiting, among other things, employment discrimination; or any other federal, state or local laws or regulations prohibiting employment discrimination. This also includes but is not limited to a release by Employee of any claims for wrongful discharge or breach of contract under the Severance Plan, or any other statutory, common law, tort or contract claim that Employee had, has or may have against any of the Released Parties. This release covers both claims that Employee knows about and those that Employee may not know about.

Notwithstanding the foregoing, neither party is releasing any right to enforce this Agreement, and Employee is not releasing:  (1) any claims for payments and benefits as set forth in this Agreement or the Second Separation Agreement; (2) any vested qualified retirement benefits under NII’s ERISA plan (although it does include a release of all claims to benefits under the Severance Plan); (3) the right to continuation in NII’s medical plans as provided by COBRA; (4) any claims for unemployment compensation or workers compensation benefits or other rights that may not be released as a matter of law;  (5)  any claims solely relating the validity of this general release under the ADEA, as amended; (6) any non-waiveable right to file a charge with the U.S. Equal Employment Opportunity Commission; or (7) any rights to indemnification pursuant to NII’s or any successor company’s Certificate of Incorporation, Delaware General Corporation Law or the Director and Officer Indemnification Agreement between the Parties dated as of June 26, 2015.  If a government agency were to pursue any matters that are released herein, Employee agrees that this Agreement will control as the exclusive remedy and full settlement of all such claims by Employee for money damages.  Employee hereby acknowledges and agrees that this release is a general release and that by signing this Agreement, he is signing and agreeing to this release. 

		
	4.
	Non-Release of Future Claims

Employee understands and agrees that he is waiving any and all rights and claims under the ADEA. Employee agrees that his waiver of these ADEA claims is knowing and voluntary, and understands that he is forever releasing any such claims that might have arisen before the date of this Agreement. The parties agree that the decision to terminate Employee’s employment has been made prior to the execution of this agreement.

		
	5.
	Encouragement to Consult with Attorney

Employee has had the opportunity to consult with an attorney and has been encouraged to do so prior to executing this Agreement.  

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	6.
	Period for Review and Consideration of Agreement

This Agreement was first proposed to employee on June 23, 2015 and revised on August 6, 2015. Employee may have, if desired, 45 days from August 6, 2015 within which to consider this Agreement. Employee may execute the Agreement prior to the expiration of the 45 day period.  Employee acknowledges that in the event he decides to execute this Agreement in fewer than 45 days, he has done so with the express understanding that he has been given and declined the opportunity to consider this release for a full 45 days. Employee acknowledges that his decision to sign the Agreement in fewer than 45 days was not induced by NII through fraud, misrepresentation, or a threat to withdraw or alter the offer prior to the expiration of the 45 day time period.

		
	7.
	Employee's Right to Revoke Agreement

Employee may revoke this Agreement within seven (7) days of Employee's signing it.  Revocation can be made by delivering a written notice of revocation to Shana Smith, Vice President, Deputy General Counsel and Secretary, NII Holdings, Inc., 1875 Explorer Street, Suite 800, Reston, VA 20190.  For this revocation to be effective, written notice must be received by Ms. Smith no later than the close of business on the seventh day after Employee signs this Agreement.  If Employee has not revoked the Agreement, the eighth (8th) day after Employee signs this Agreement shall be the Effective Date for purposes of this Agreement.

		
	8.
	No Future Lawsuits

Employee promises never to file a lawsuit asserting any claims that are released in Section 3 of this Agreement.  In the event Employee breaches this Section 8, Employee shall pay to NII all of its expenses incurred as a result of such breach, including but not limited to, reasonable attorney’s fees and expenses. 

		
	9.
	Disclaimer of Liability

This Agreement and the payments and performances hereunder are made solely to assist Employee in making the transition from employment with NII, and are not and shall not be construed to be an admission of liability, an admission of the truth of any fact, or a declaration against interest on the part of NII.

		
	10.
	Confidential Information/Return of Property

Employee covenants and agrees that Employee shall not use, divulge, publish or disclose to any person or organization, confidential information obtained by Employee during the course of Employee’s employment or related to Employee’s cessation of employment (“Confidential Information”).  The Confidential Information consists of the following:  (a) the existence and terms of this Agreement itself; (b) personal, financial, private or sensitive information concerning NII’s executives, employees, customers and suppliers; (c) information concerning NII’s finances, business practices, long-term and strategic plans and similar matters; (d) information concerning NII’s formulas, designs, methods of business, trade secrets, technology, business operations, business records and files; and (e) any other non-public information which, if used, divulged, published or 

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disclosed by Employee, would be reasonably likely to provide a competitive advantage to a competitor or to cause any of NII’s executives or employees embarrassment.  Employee further agrees to return immediately to NII all of NII’s property, if any, in Employee’s possession or under Employee’s control upon the Termination Date or such earlier date as Employee’s employment shall cease.  Employee agrees that if he intentionally damages any NII property following notification of termination, this agreement becomes null and void. Notwithstanding the restrictions contained in this Section 10, Employee shall be permitted to make necessary disclosures to members of Employee’s immediate family or Employee’s attorneys and advisors concerning the terms of this Agreement, provided they agree to be bound by the terms of this promise of confidentiality, with Employee to be responsible for their compliance.  Employee acknowledges that in addition to the promises contained in this Agreement, he remains bound by the Non-Competition and Confidentiality Agreement between the Parties dated as of May 29, 2007.
    
		
	11.
	Statements Regarding the Parties  

    
The Parties agree not to do or say or write anything, directly or indirectly, that reasonably may be expected to have the effect of criticizing or disparaging the other Party.  In addition, the Employee agrees not to do or say or write anything, directly or indirectly, that reasonably may be expected to have the effect of criticizing or disparaging any director of NII; any of NII’s employees, officers or agents; or diminishing or impairing the goodwill and reputation of NII or the products and services it provides.  Employee further agrees not to assert that any current or former employee, agent, director or officer of NII has acted improperly or unlawfully with respect to Employee or any other person regarding employment.   
        
		
	12.
	Cooperation with Litigation

Employee will reasonably cooperate with NII in its defense of any lawsuit filed over matters that occurred during the course of Employee’s employment with NII, and Employee agrees to provide full and accurate information with respect to the same. Notwithstanding the generality of the foregoing, the Parties hereby agree that NII will reimburse Employee for expenses reasonably incurred in connection with such matters and, if the cooperation set forth in this Section 12 results in Employee providing more than 40 hours of time after the Termination Date (the “Cooperation Threshold”), Employee shall be compensated by NII at an hourly rate of  $250.00 U.S. per hour for each hour of service provided to NII in excess of the Cooperation Threshold, so long as the provision of such compensation is not in violation of the law of the  jurisdiction applicable to the relevant matter for the service being requested.   

		
	13.
	Litigation Assistance

Employee agrees that, unless compelled by valid subpoena or other court order, and in such case only after providing sufficient notice to NII of such subpoena or court order to allow NII a reasonable opportunity to object to the same, Employee shall not, directly or indirectly, assist any person or entity in connection with any potential or actual litigation against NII or any other of the Released Parties described in Section 3 of this Agreement.

		
	14.
	Execution of Documents

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Each of the parties hereto shall execute any and all further documents and perform any and all further acts reasonably necessary or useful in carrying out the provisions of this Agreement.

		
	15.
	Invalid Provisions

The invalidity or unenforceability of any particular provision of this Agreement shall not affect the validity or enforceability of any other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision were omitted.

		
	16.
	Acknowledgment

Employee acknowledges that Employee has signed this Agreement freely and voluntarily without duress of any kind.  Employee has conferred with an attorney or has knowingly and voluntarily chosen not to confer with an attorney about the Agreement.
 
		
	17.
	Entire Agreement

This Agreement  and the Second Separation Agreement contains the entire understanding of Employee and NII concerning the subjects it covers and it supersedes all prior understandings and representations, except that Employee acknowledges and confirms the continuing effectiveness of the provisions of any Confidentiality Agreement between Employee and NII.  NII has made no promises to Employee other than those set forth herein.  This Agreement may not be modified or supplemented except by a subsequent written agreement signed by all parties.

		
	18.
	Successorship

It is the intention of the parties that the provisions hereof be binding upon the parties, their employees, affiliates, agents, heirs, successors and assigns forever. 

		
	19.
	Governing Law

This Agreement shall be governed by the laws of the Commonwealth of Virginia, without regard to its conflict of laws principles.

EMPLOYEE ACKNOWLEDGES THAT EMPLOYEE HAS READ THIS AGREEMENT, UNDERSTANDS IT, AND IS VOLUNTARILY ENTERING INTO IT.  PLEASE READ THIS AGREEMENT CAREFULLY.  IT CONTAINS A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.
    

THE NEXT PAGE IS THE SIGNATURE PAGE

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IN WITNESS WHEREOF, the parties have executed this Agreement on the dates stated below.

August 20, 2015_____________            /s/ Gokul Hemmady            
Date                            Gokul Hemmady

NII HOLDINGS, INC. 

August 20, 2015______________            By:  /s/ Shana Smith            
Date                                Shana Smith
VP, Deputy General Counsel

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