Document:

Intercreditor Agreement

 Exhibit 4.22 
  
 EXECUTION COPY 
  
 INTERCREDITOR AGREEMENT 
  
 INTERCREDITOR AGREEMENT (this “Agreement”) dated as of June 16, 2004, between U.S. BANK NATIONAL ASSOCIATION, a national banking
association, as trustee for the 2010 Noteholders referred to below (in such capacity, together with its successors and assigns in such capacity, the “2010 Notes Trustee”), U.S. BANK NATIONAL ASSOCIATION, a national banking
association, as trustee for the 2012 Noteholders referred to below ( in such capacity, together with its successors and assigns in such capacity, the “2012 Notes Trustee”), U.S. BANK NATIONAL ASSOCIATION, a national banking
association, as collateral agent pursuant to the 2010 Indenture and the 2012 Indenture, defined below (in such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), US UNWIRED INC., a
Louisiana corporation (the “Company”), each of the Subsidiaries of the Company identified under the caption “Subsidiary Guarantors” on the signature pages hereto (individually, a “Guarantor”
and collectively, the “Guarantors”), each other Loan Party (as defined below) that becomes a party hereto after the date hereof pursuant to Section 11.05(a) and each other Secured Party or Secured Party Representative (each
as defined below) that becomes a party hereto after the date hereof pursuant to Section 11.05(b). 
  
 WHEREAS, the Company and the Guarantors have entered into an indenture dated as of June 16, 2004 (as the same may be amended, supplemented, restated or
otherwise modified from time to time, the “2010 Indenture”) with the 2010 Notes Trustee relating to the issuance of the Company’s First Priority Senior Secured Floating Rate Notes due 2010 (the “2010
Notes”); and 
  
 WHEREAS, the Company and the
Guarantors have entered into an indenture dated as of June 16, 2004 (as the same may be amended, supplemented, restated or otherwise modified from time to time, the “2012 Indenture”) with the 2012 Notes Trustee relating to
the issuance of the Company’s 10% Second Priority Senior Secured Notes due 2012 (the “2012 Notes”); and 
  
 WHEREAS, pursuant to one or more Collateral Documents (as hereinafter defined) the Company, the Guarantors and the other Loan Parties from time to time
party thereto have granted (and may in the future grant) to the Collateral Agent for the benefit of the First Lien Secured Parties first priority security interests in the Collateral (as defined below) as security for payment and performance of the
First Lien Obligations (as defined below); and 
  
 WHEREAS,
pursuant to such Collateral Documents, the Company, the Guarantors and the other Loan Parties from time to time party thereto have granted (and may in the future grant) to the Collateral Agent for the benefit of the Second Lien Secured Parties
second priority security interests in the Collateral as security for payment and performance of the Second Lien Obligations (as defined below); 
  

 Intercreditor Agreement 

 NOW THEREFORE, in consideration of the foregoing and the mutual covenants herein contained and other good
and valuable consideration, the existence and sufficiency of which is expressly recognized by all of the parties hereto, the parties agree as follows, it being understood that such agreement by the 2010 Notes Trustee is on behalf of itself and the
2010 Noteholders (as defined below), that such agreement by the 2012 Notes Trustee is on behalf of itself and the 2012 Noteholders (as defined below) and that such agreement by any other Secured Party Representative (as defined below) is on behalf
of itself and each Secured Party for which it is a representative: 
  
 ARTICLE I 
 DEFINITIONS 
  

SECTION 1.01. Definitions. As used in this Agreement, the following terms have the meanings specified below: 
  
 “Bankruptcy Code” means the United States Bankruptcy
Code (11 U.S.C. §101 et seq.), as amended from time to time. 
  
 “Capital Stock” shall have the meaning assigned to such term in the Indentures. 
  
 “Collateral” means all assets, whether now owned or hereafter acquired by the Company or any other Loan Party, in which a Lien is
granted or purported to be granted to the Collateral Agent pursuant to the Collateral Documents as security for any Secured Obligation. 
  
 “Collateral Documents” means, collectively, all agreements, deeds of trust, mortgages, instruments, documents, pledges or filings
executed in connection with granting, or that otherwise evidence, the Lien of the Collateral Agent in the Collateral including without limitation the Security Agreement and this Agreement. 
  
 “Credit Agreement” means one or more debt facilities,
indentures, note purchase agreements, commercial paper facilities or other agreements evidencing or governing Indebtedness, in each case with banks, investment banks, insurance companies, mutual funds and/or other institutional lenders or investors,
providing for revolving credit loans, term loans, debt securities (including, without limitation, Additional Securities under and as defined in each Indenture), receivable or inventory financing (including through the sale of receivables or
inventory to such lenders or to special purposes entities formed to borrow from such lenders against such receivables or inventory), letters of credit or other Indebtedness, in each case, as amended, restated, modified, renewed, refunded, replaced
(whether upon or after termination or otherwise) or refinanced in whole or in part from time to time. 
  
 “Credit Agreement Agent” means, at any time, the Person serving at such time as the “Agent” or the “Administrative
Agent” or the “Trustee” under a Credit Agreement or any other representative of the Lenders then most recently designated as such by the requisite percentage of such Lenders in a written notice delivered to the 2010 Notes Trustee, the
2012 Notes Trustee and the Collateral Agent and set forth in an Officers’ Certificate of the Company. 
  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 2 -	  	 

 “Default” means an Event of Default or any other event that, with notice or lapse
of time or both, would become an Event of Default. 
  
 “Designation” means the designation by the Company pursuant to an Officers’ Certificate delivered to each Trustee, the Collateral Agent and each Secured Party Representative of an agreement, document or other
instrument as a “First Lien Document” or “Second Lien Document” hereunder, or Indebtedness as “First Lien Obligations” or “Second Lien Obligations” hereunder. 
  
 “Enforcement Action” means, with respect to the First
Lien Obligations or the Second Lien Obligations, the exercise of any rights and remedies with respect to any Collateral securing such obligations or the commencement or prosecution of enforcement of any of the rights and remedies under, as
applicable, the First Lien Documents or the Second Lien Documents, or applicable law, with respect to any of the Collateral including without limitation the exercise of any rights of set-off or recoupment, and the exercise of any rights or remedies
of a secured creditor under the Uniform Commercial Code of any applicable jurisdiction or under the Bankruptcy Code. 
  
 “Event of Default” means any Event of Default under either Indenture or any other event under any other First Lien Document or
Second Lien Document that permits the respective holders of the Secured Obligations under such First Lien Document or Second Lien Document to declare such Secured Obligations to be due and payable without any notice (other than notice of default) or
lapse of time. 
  
 “First Lien Documents”
means the 2010 Indenture, the Subsidiary Guarantees with respect to the 2010 Notes and the 2010 Notes, any Credit Agreement Designated as a “First Lien Document”, all Hedge Agreements evidencing Hedging Obligations that constitute First
Lien Obligations and all other documents and instruments pursuant to which any Indebtedness constituting First Lien Obligations has been Incurred or is outstanding, in each case as the same may be amended, restated, replaced, refinanced, renewed,
extended, supplemented or modified from time to time. 
  
 “First Lien Obligation Period” means any period during which (i) any First Lien Obligations are outstanding (and, for purposes hereof, 2010 Notes that have been defeased pursuant to Article XII of the 2010 Notes
Indenture shall be deemed not to be outstanding), (ii) any commitments pursuant to which First Lien Obligations may be Incurred are in effect or (iii) any letters of credit issued under any First Lien Documents are outstanding but have not been
discharged or fully cash collateralized in accordance with the terms of the applicable First Lien Document. Subject to Section 6.05, the First Lien Obligation Period shall be deemed to have terminated upon the delivery by the Company to the
Collateral Agent and each Secured Party Representative of an Officers’ Certificate to the effect that the conditions set forth in this definition have been satisfied. 
  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 3 -	  	 

 “First Lien Obligations” means: 
  
 (1) the 2010 Notes, the Subsidiary Guarantees with respect
to the 2010 Notes and the 2010 Note Obligations; 
  
 (2) all Indebtedness of the Company and its Subsidiaries under any Credit Agreement that is (or, in the case of any reimbursement obligation for a letter of credit issued under any Credit Agreement or any loan required to be made under any
Credit Agreement to satisfy such reimbursement obligation, was, when such letter of credit was issued) permitted to be Incurred by clause (b) or (g) of the second paragraph of Section 10.08 of each Indenture and that is Designated as “First
Lien Obligations”; 
  
 (3) all other
Indebtedness of the Company and its Subsidiaries (including any additional 2010 Notes) Designated as “First Lien Obligations” for purposes of this Agreement that is permitted to be Incurred by clauses (b) or (g) of the second paragraph of
Section 10.08 of each Indenture; and 
  
 (4)
Hedging Obligations that are Designated as “First Lien Obligations”. 
  
 “First Lien Representative” means at any time, collectively, the 2010 Notes Trustee, as the representative hereunder for the holders of the 2010 Notes, and any Persons that are
designated by the Company in an Officers’ Certificate delivered to each Secured Party Representative under any other First Lien Document as a “First Lien Representative” for purposes of this Agreement. 
  
 “First Lien Secured Parties” means the 2010 Notes
Trustee, the 2010 Noteholders, any other First Lien Representative (including the Credit Agreement Agent for any Credit Agreement Designated as a “First Lien Document”), the Lenders under such Credit Agreement and any other holders of
First Lien Obligations. 
  
 “First Priority
Liens” means the first priority Liens and security interests in the Collateral granted to the Collateral Agent pursuant to the Collateral Documents as collateral security for the First Lien Obligations. 
  
 “Hedge Agreements” means any interest rate or
currency exchange rate swap, cap, collar, floor, caption, or swaption agreements, or any similar arrangements arising at any time between the Company or any other Loan Party, on the one hand, and any Person, on the other hand, as such agreement or
arrangement may be modified, supplemented and in effect from time to time. 
  
 “Hedging Obligations” means all obligations and liabilities of the Company and its Subsidiaries (whether directly or as a guarantor) owed to any First Lien Secured Party (or any of its
affiliates) in respect of any interest rate or currency swaps, caps or collar agreements, foreign exchange agreements, commodity contracts or similar arrangements providing for protection against fluctuations in interest rates, currency exchange
rates, commodity prices or the 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 4 -	  	 

 
exchange of nominal interest obligations, either generally or under specific contingencies, in each case to the extent such obligations and liabilities are
secured by Collateral. 
  
 “Incur” has the
meaning assigned to such term in the Indentures. 
  
 “Indebtedness” shall have the meaning assigned to such term in the Indentures. 
  
 “Indentures” means the 2010 Indenture and the 2012 Indenture. 
  
 “Insolvency Proceeding” means any proceeding in respect of bankruptcy, insolvency, winding up,
receivership, dissolution or assignment for the benefit of creditors under the Bankruptcy Code or any similar federal, state or foreign bankruptcy, insolvency, reorganization, receivership or similar law. 
  
 “Lenders” means, at any time, the parties to any
Credit Agreement then holding (or committed to provide) loans, letters of credit, debt securities or other extensions of credit that constitute (or when provided will constitute) part of the First Lien Obligations or Second Lien Obligations, as
applicable. 
  
 “Lien” means, with respect
to any property or assets, any mortgage or deed of trust, pledge, hypothecation, assignment, deposit arrangement, security interest, lien, charge, easement (other than an easement not materially impairing usefulness or marketability), encumbrance,
preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever on or with respect to such property or assets (including, without limitation, any conditional sale or other title retention agreement
having substantially the same economic effect as any of the foregoing). 
  
 “Loan Party” means the Company, each Guarantor and each of the Subsidiaries of the Company that is now or hereafter becomes a party hereto pursuant to an Assumption Agreement in the form of Annex 1 hereto.

  
 “Obligations” means any principal,
interest, penalties, fees, indemnities, reimbursement obligations, guarantee obligations, costs, expenses (including fees and disbursements of counsel), damages and other liabilities and obligations, whether direct or indirect, absolute or
contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of or in connection with the documentation governing or made, delivered or given in connection with, any Indebtedness (including, without limitation,
interest accruing at the then applicable rate provided in such documentation after the maturity of such Indebtedness and interest accruing at the then applicable rate provided in such documentation after the filing of any petition in bankruptcy, or
the commencement of any insolvency, reorganization or like proceeding, relating to the Company or any other Loan Party, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding). 
  
 “Officers’ Certificate” means a certificate
signed by two officers, at least one of whom shall be the principal executive officer, principal accounting officer or principal financial officer of the Company and delivered to the Collateral Agent or a Secured Party Representative. 
  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 5 -	  	 

 “Opinion of Counsel” means a written opinion of counsel, who may be counsel for
the Company, and who shall be reasonably acceptable to the Collateral Agent, delivered to the Collateral Agent. 
  
 “Person” means any person, individual, sole proprietorship, partnership, joint venture, corporation, limited liability company,
unincorporated organization, association, institution, entity, party, including any government and any political subdivision, agency or instrumentality thereof. 
  

“Post-Petition Interest” means any interest or entitlement to fees or expenses that accrues after the commencement of any
Insolvency Proceeding, whether or not allowed or allowable in any such Insolvency Proceeding. 
  
 “Requisite First Lien Secured Parties” means First Lien Secured Parties holding a majority in aggregate principal amount of the First Lien Obligations (other than Hedging Obligations).

  
 “Requisite Second Lien Secured
Parties” means Second Lien Secured Parties holding a majority in aggregate principal amount of the Second Lien Obligations. 
  
 “Requisite Secured Parties” means (i) at all times prior to the termination of the First Lien Obligation Period, the Requisite
First Lien Secured Parties and (ii) at all times after the termination of the First Lien Obligation Period, the Requisite Second Lien Secured Parties. 
  
 “Restricted Subsidiary” shall have the meaning assigned to such term in the Indentures. 
  
 “Second Lien Documents” means the 2012 Indenture, the
Subsidiary Guarantees with respect to the 2012 Notes and the 2012 Notes, any Credit Agreement Designated as a “Second Lien Document” and all other documents and instruments pursuant to which any Indebtedness constituting Second Lien
Obligations has been Incurred or is outstanding, in each case as the same may be amended, restated, replaced, refinanced, renewed, extended, supplemented or modified from time to time. 
  
 “Second Lien Obligations” means: 
  
 (1) the 2012 Notes, the Subsidiary Guarantees with respect to the 2012 Notes and the 2012 Note Obligations;

  
 (2) all Indebtedness of the Company and its
Subsidiaries under any Credit Agreement that is (or, in the case of any reimbursement obligation for a letter of credit issued under any Credit Agreement or any loan required to be made under any Credit Agreement to satisfy such reimbursement
obligation, was, when such letter of credit was issued) permitted to be Incurred by clause (b) or (g) of the second paragraph of Section 10.08 of each Indenture and that is Designated as “Second Lien Obligations”; and 
  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 6 -	  	 

 (3) all other Indebtedness of the Company and its Subsidiaries (including any additional
2012 Notes) Designated as “Second Lien Obligations” that is permitted to be Incurred by clauses (b) or (g) of the second paragraph of Section 10.08 of each Indenture, or by the first paragraph of Section 10.08 of each Indenture.

  
 “Second Lien
Representative” means at any time, collectively, the 2012 Notes Trustee, as the representative hereunder for the holders of the 2012 Notes, and any Persons that are designated by the Company in an Officers’
Certificate delivered to each Secured Party Representative under any other Second Lien Document as a “Second Lien Representative” for purposes of this Agreement. 
  
 “Second Lien Secured Parties” means the 2012 Notes Trustee, the 2012 Noteholders, any other Second
Lien Representative (including the Credit Agreement Agent for any Credit Agreement Designated as a “Second Lien Document”), the Lenders under such Credit Agreement and any other holders of Second Lien Obligations. 
  
 “Second Priority Liens” means the second priority
Liens and security interests in the Collateral granted to the Collateral Agent pursuant to the Collateral Documents as collateral security for the Second Lien Obligations. 
  
 “Secured Obligations” means the First Lien Obligations and Second Lien Obligations. 
  
 “Secured Parties” means the First Lien Secured
Parties and the Second Lien Secured Parties. 
  
 “Secured Party Representatives” means the First Lien Representatives and the Second Lien Representatives. 
  
 “Security Agreement” means the Security Agreement dated as of the date hereof between the Company, the Guarantors and the
Collateral Agent, as amended, supplemented, restated, replaced or otherwise modified from time to time. 
  
 “Subsidiary” means, as to any Person, a corporation, partnership, limited liability company or other entity of which shares of
stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers
of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. 
  
 “Subsidiary Guarantee” shall have the meaning
assigned to such term in the Indentures. 
  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 7 -	  	 

 “Trust Indenture Act” shall have the meaning assigned to such term in the
Indentures. 
  
 “Trustee” means the 2010
Notes Trustee and the 2012 Notes Trustee. 
  
 “2010
Indenture” shall have the meaning assigned to such term in the first WHEREAS clause hereto. 
  
 “2010 Note Obligations” means Note Obligations in respect of the 2010 Notes. 
  
 “2010 Noteholders” means the holders from time to
time of the 2010 Notes. 
  
 “2010 Notes”
shall have the meaning assigned to such term in the first WHEREAS clause hereto. 
  
 “2010 Notes Trustee” shall have the meaning assigned to such term in the introductory paragraph hereto. 
  

“2012 Indenture” shall have the meaning assigned to such term in the second WHEREAS clause hereto. 
  
 “2012 Note Obligations” means Note Obligations in
respect of the 2012 Notes. 
  
 “2012
Noteholders” means the holders from time to time of the 2012 Notes. 
  
 “2012 Notes” shall have the meaning assigned to such term in the second WHEREAS clause hereto. 
  
 “2012 Notes Trustee” shall have the meaning assigned to such term in the introductory paragraph hereto. 
  
 “Uniform Commercial Code” means the Uniform
Commercial Code as in effect from time to time in the State of New York. 
  
 “Unrestricted Subsidiary” shall have the meaning assigned to such term in the Indentures. 
  
 ARTICLE II 
 COLLATERAL AGENT

  
 SECTION 2.01. Appointment and Duties of the
Collateral Agent. Each Secured Party hereby appoints U.S. Bank National Association to act as Collateral Agent hereunder and under the other Collateral Documents, and authorizes the Collateral Agent to execute, deliver and perform, on behalf
of each of the Secured Parties, each Collateral Document to which the Collateral Agent is or is intended to be a party and to take such actions on behalf of the Secured 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 8 -	  	 

 
Parties under the provisions of the Collateral Documents and to exercise such powers and perform such duties as are expressly delegated to the Collateral
Agent by the terms of each Collateral Document, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in any Collateral Document, the Collateral Agent shall not have any duties
or responsibilities, except those expressly set forth herein and in the Collateral Documents. Each Secured Party shall be bound by all of the agreements of the Collateral Agent contained herein and in the Collateral Documents. 
  
 SECTION 2.02. Rights of Collateral Agent. 
  
 (a) Performance of Duties Through Agents. The Collateral Agent may
perform any of its duties under the Collateral Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. 
  
 (b) Absence of Liability. Neither the Collateral Agent nor any of its
officers, directors, employees, agents, attorneys-in-fact or affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it under or in connection with this Agreement or any Collateral Document (except for its gross
negligence, willful misconduct or bad faith), or (ii) responsible in any manner to any Secured Party for any recitals, statements, representations or warranties made by any Loan Party or any representative thereof or any other Person contained in
any Collateral Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Collateral Agent under or in connection with, any Collateral Document or for the value, validity, effectiveness,
genuineness, enforceability or sufficiency of the Collateral or any Collateral Document or for any failure of any Loan Party to perform its obligations thereunder. Except as expressly provided herein or in any Collateral Document, the Collateral
Agent shall not be under any obligation to any Secured Party to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, any Collateral Document or to inspect the properties, books or
records of any Loan Party. 
  
 (c) Reliance, Etc. The
Collateral Agent shall be entitled to rely, and shall be fully protected in relying, upon any instruction, direction, order, request, note, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or
teletype message, statement, order or other document reasonably believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel, independent accountants
and other experts. 
  
 The Collateral Agent shall be fully
justified in failing or refusing to take any action hereunder or under any Collateral Document (i) if such action would, in the reasonable opinion of the Collateral Agent, be contrary to law or the terms of the Collateral Documents or (ii) if such
action is not specifically provided for herein or in any Collateral Document, or it shall not have received any such advice or concurrence of the Secured Parties as it deems appropriate. The Collateral Agent shall in all cases have the right to
consult with, and get direction from, the Requisite Secured Parties, and the Collateral Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder or under any Collateral Document in accordance with the 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 9 -	  	 

 
instructions of the Requisite Secured Parties, and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the
Secured Parties. 
  
 (d) Effect of Ambiguous Provisions. In
addition to Section 2.02(c) above, and Section 2.02(f) below, if, with respect to a proposed action to be taken by it, the Collateral Agent shall determine in good faith that the provisions of any Collateral Document relating to the functions or
responsibilities of the Collateral Agent are or may be ambiguous or inconsistent, the Collateral Agent shall notify the respective Secured Party affected thereby, identifying the proposed action and the provisions that it considers are or may be
ambiguous or inconsistent, and may decline to perform such function or responsibility unless it has received the written confirmation from the Requisite Secured Parties, concurring in the circumstances that the action proposed to be taken by the
Collateral Agent is consistent with the terms of such Collateral Document or is otherwise appropriate. The Collateral Agent shall be fully protected in acting or refraining from acting upon the confirmation of the Requisite Secured Parties in this
respect, and such confirmation shall be binding upon all of the Secured Parties. 
  
 (e) Notice of Defaults, Etc. The Collateral Agent shall not be deemed to have actual, constructive, direct or indirect knowledge or notice of the occurrence of any Default or Event of Default unless and until
the Collateral Agent has received notice or a certificate from a Secured Party or the Company stating that a Default or Event of Default has occurred. The Collateral Agent shall not have any obligation whatsoever either prior to or after receiving
such notice or certificate to inquire whether a Default or Event of Default has in fact occurred and shall be entitled to rely conclusively, and shall be fully protected in so relying, on any notice or certificate so furnished to it. No provision of
any Collateral Document shall require the Collateral Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties under any Collateral Document or in the exercise of any of its rights or
powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. In the event that the Collateral Agent receives such a notice of the
occurrence of any Default or Event of Default, the Collateral Agent shall promptly give notice thereof to each Secured Party Representative. The Collateral Agent shall take such action with respect to such Default or Event of Default as requested by
the Requisite Secured Parties, and as otherwise provided herein. 
  
 (f) No Requirement to Exercise Rights. Except as otherwise specifically provided hereby, the Collateral Agent need not exercise any rights, powers or remedies under this Agreement or any of the Collateral Documents, give any consent
under any of the Collateral Documents or release any Lien or guarantee, unless it shall have been directed to do so in writing by, or, as applicable, shall have received the written consent to the relevant action of, the Requisite Secured Parties
and, to the extent required under Section 5.02, the Requisite Second Lien Secured Parties. 
  
 (g) Perfection, Etc. Except for actions expressly required hereunder (excluding circumstances in which the Collateral Agent has the ability but not an affirmative duty to act), nothing in this Agreement or any
Collateral Document shall be interpreted as giving the Collateral Agent responsibility for or any duty concerning the validity, perfection, priority or enforceability of any lien or security interest in any Collateral or giving the Collateral Agent
any 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 10 -	  	 

 
obligation to take any action to procure or maintain such validity, perfection, priority or enforceability. 
  
 SECTION 2.03. Indemnification and Fees of the Collateral Agent.

  
 (a) Indemnification. The Loan Parties jointly and
severally agree to indemnify and hold harmless the Collateral Agent and its directors, officers, employees, agents and advisors from and against any and all claims, losses, liabilities, obligations, damages and expenses (including reasonable fees
and expenses of counsel) that may be incurred by or asserted or awarded against the Collateral Agent or any such Person (hereinafter the “Indemnification Amount”) arising out of, related to or in connection with (i) this Agreement
or any Collateral Document (including the enforcement of any Collateral Document) or (ii) any refund or adjustment of any amount paid or payable to the Collateral Agent under or in respect of any Collateral Document or any Collateral, or any
interest thereon, which may be ordered or otherwise required by any Person, except to the extent such claims, losses, liabilities, damages and expenses are found by a court of competent jurisdiction to have resulted from such Person’s gross
negligence or willful misconduct. If the Loan Parties fail to pay on demand the Indemnification Amount, interest will accrue thereon at a rate per annum equal to that specified for post-default interest on the 2012 Notes from the scheduled date for
payment thereof until the actual date of payment and such interest shall be added to the Indemnification Amount. 
  
 (b) Fees and Expenses. The Loan Parties jointly and severally agree to pay upon demand to the Collateral Agent the initial and on-going fees of the
Collateral Agent, and the amount of any and all reasonable out-of-pocket expenses of the Collateral Agent, including the reasonable fees and expenses of its counsel (and any local counsel) and of any experts and agents, which the Collateral Agent
may incur in connection with (i) the administration of this Agreement and the Collateral Documents, (ii) the custody or preservation of, or the sale of, collection from, or other realization upon, any of the Collateral, (iii) the exercise or
enforcement (whether through negotiations, legal proceedings or otherwise) of any of the rights of the Collateral Agent under the Collateral Documents or (iv) the failure by any Loan Party or any other Person (other than the Collateral Agent) to
perform or observe any of the provisions of the Collateral Documents. 
  
 SECTION 2.04. Resignation or Removal of the Collateral Agent. The Collateral Agent may resign upon not less than 30 days’ prior written notice to the Company and each Secured Party Representative, and may be removed at
any time with or without cause by the Requisite Secured Parties, with any such resignation or removal to become effective only upon the appointment of a successor Collateral Agent under this Section 2.04. If the Collateral Agent shall resign or be
removed, then the Requisite Secured Parties shall (and if no such successor shall have been appointed within 60 days of the Collateral Agent’s resignation or removal, the Collateral Agent may) appoint a successor collateral agent for the
Secured Parties, which successor collateral agent shall be a bank or trust company organized under the laws of the United States of America or a State thereof and that has a combined capital and surplus of at least $250,000,000, whereupon such
successor agent shall succeed to the rights, powers and duties of the “Collateral Agent” and the term “Collateral Agent” shall mean such successor agent effective upon its appointment, and the former Collateral Agent’s
rights, powers and duties as Collateral Agent shall be terminated, without any other or further act or deed on the part of such 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 11 -	  	 

 
former Collateral Agent (except that the resigning Collateral Agent shall deliver all Collateral then in its possession to the successor Collateral Agent) or
any of the other Secured Parties. After any retiring Collateral Agent’s resignation or removal hereunder, the provisions of this Agreement shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the
Collateral Agent. 
  
 To induce a bank or trust company to accept
its appointment as a successor Collateral Agent hereunder, the Company agrees to pay to such successor such agency and other fees as is consistent with market rates charged by successor Collateral Agents in similar circumstances. 
  
 Any corporation into which the Collateral Agent may be merged or converted or
with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Collateral Agent shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of
the Collateral Agent, shall be the successor of the Collateral Agent hereunder; provided such corporation shall be otherwise qualified and eligible under this Section 2.04, without the execution or filing of any paper or any further act on the part
of any of the parties hereto. 
  
 SECTION 2.05. Information
as to Secured Parties. The Company shall have sole responsibility for maintaining a registry of, and identification of, Secured Parties. The Company will at such times as shall be requested by the Collateral Agent or any Secured Party
Representative, supply a list in form and detail satisfactory to the Collateral Agent (a copy of which shall be supplied to each Secured Party Representative) setting forth the principal of and interest on the Secured Obligations held by each
Secured Party as at a date specified in such request. The Collateral Agent shall provide any such list to any Secured Party upon request. The Collateral Agent shall be entitled to rely upon such information, and such information shall be conclusive
and binding for all purposes of this Agreement, except to the extent the Collateral Agent shall have been notified by a Secured Party that such information as set forth on any such list is inaccurate. 
  
 ARTICLE III 
 LIENS 
  
 SECTION 3.01. Subordination of Liens. During the First Lien Obligation Period: 
  
 (a) any and all Liens now existing or hereafter created or arising in favor of any Second Lien Secured Party securing the Second Lien
Obligations, regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, are expressly junior in priority, operation and effect to any and all Liens now existing or hereafter created or arising in favor of the
First Lien Secured Parties securing the First Lien Obligations, notwithstanding (i) anything to the contrary contained in any agreement or filing to which any Second Lien Secured Party may now or hereafter be a party, and regardless of the time,
order or method of grant, attachment, recording or perfection of any financing statements or other security interests, assignments, pledges, deeds, 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 12 -	  	 

 
mortgages and other liens, charges or encumbrances or any defect or deficiency or alleged defect or deficiency in any of the foregoing, (ii) any provision of
the Uniform Commercial Code or any applicable law or any First Lien Document or Second Lien Document or any other circumstance whatsoever and (iii) the fact that any such Liens in favor of any First Lien Secured Party securing any of the First Lien
Obligations are (x) subordinated to any Lien securing any obligation of any Loan Party other than the Second Lien Obligations or (y) otherwise subordinated, voided, avoided, invalidated or lapsed; and 
  
 (b) no First Lien Secured Party or Second Lien Secured Party
shall object to or contest, or support any other Person in contesting or objecting to, in any proceeding (including without limitation, any Insolvency Proceeding), the validity, extent, perfection, priority or enforceability of any security interest
in the Collateral granted pursuant to any Collateral Document. Notwithstanding any failure by any Secured Party to perfect any security interests in the Collateral or any avoidance, invalidation or subordination by any third party or court of
competent jurisdiction of the security interests in the Collateral granted to the Secured Parties, the priority and rights as between the First Lien Secured Parties and the Second Lien Secured Parties with respect to the Collateral shall be as set
forth herein. 
  
 SECTION 3.02. Nature of First Lien
Obligations. It is acknowledged and agreed that all or a portion of the First Lien Obligations represents debt that is or may be revolving in nature and that the amount thereof that may be outstanding at any time or from time to time may be
increased or reduced and subsequently reborrowed, and that the terms of the First Lien Obligations may be modified, extended or amended from time to time, and that the aggregate amount of the First Lien Obligations may be increased, replaced or
refinanced, in each event, without notice to or consent by the Second Lien Secured Parties and without affecting the provisions hereof. The lien priorities provided in Section 3.01 shall not be altered or otherwise affected by any such amendment,
modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or refinancing of either the First Lien Obligations or the Second Lien Obligations, or any portion thereof. 
  
 SECTION 3.03. Liens of Collateral Documents to be Exclusive.
Each Loan Party and Secured Party agrees that no Secured Party, other than the Collateral Agent (or an agent or trustee acting on its behalf), shall be granted any Lien on any property of any Loan Party securing any First Lien Obligations or Second
Lien Obligations, and that all such Liens shall be granted by the respective Loan Party to the Collateral Agent (or an agent or trustee acting on its behalf) for the benefit of all Secured Parties hereunder with the priorities set forth in this
Agreement. Without limiting the generality of the foregoing, if any Secured Party shall acquire or hold any Lien on any assets of any Loan Party securing any Secured Obligation which assets are not also subject to a Lien in favor of the Collateral
Agent (or an agent or trustee acting on its behalf) securing all Secured Obligations, then such Secured Party, upon demand by the Collateral Agent, will without the need for any further consent of any other Secured Party, notwithstanding anything to
the contrary in any Collateral Document either (i) release such Lien or (ii) assign it to the Collateral Agent as security for all of the Secured Obligations. 
  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 13 -	  	 

 SECTION 3.04. Agreements Regarding Actions to Perfect Liens. All UCC-1 financing
statements, patent, trademark or copyright filings or other filings or recordings (including all mortgages, deeds of trust, deeds to secure debt and similar instruments) at any time filed or recorded by or on behalf of the Collateral Agent shall be
in form satisfactory to the Collateral Agent. 
  
 SECTION 3.05.
Release of Liens. 
  
 (a) Release Upon Payment. At
such time as (i) all Secured Obligations shall be paid full (or, in the case of the 2010 Notes or 2012 Notes, defeased pursuant to Article XII of the 2010 Notes Indenture or 2012 Notes Indenture, as the case may be), (ii) any commitments pursuant to
which Secured Obligations may be Incurred are no longer in effect, (iii) any letters of credit issued under any First Lien Documents or Second Lien Documents are no longer outstanding and have been discharged or fully cash collateralized in
accordance with the terms of the applicable First Lien Document or Second Lien Documents and (iv) the Collateral Agent shall have received an Officers’ Certificate to the effect of the foregoing clauses (i), (ii) and (iii), the Collateral Agent
shall execute and deliver such documents and instruments at the expense of the Loan Parties as shall be requested by the Loan Parties to release the Collateral from the Liens created under the Collateral Documents, and to terminate the Collateral
Documents and all obligations (other than those expressly stated to survive such termination) of the Collateral Agent and each Obligor thereunder. 
  
 (b) Release Upon Sale. If any of the Collateral (i) shall be sold, transferred or otherwise disposed of by any Loan Party to a Person other than
any of the Loan Parties in a transaction permitted by the First Lien Documents and Second Lien Documents or (ii) is owned or has been acquired by a Subsidiary that has been released from its Subsidiary Guarantee in accordance with the terms of the
Indentures (including by virtue of the Guarantor becoming an Unrestricted Subsidiary), and from any other Guarantee of any Secured Obligations, then the Collateral Agent, at the request (pursuant to an Officers’ Certificate) and sole expense of
such Loan Party, shall execute and deliver to such Loan Party all releases or other documents reasonably necessary or desirable for the release of the Liens created under the Collateral Documents on such Collateral. 
  
 (c) Release of Guarantor. At the request and sole expense of the
Company (pursuant to an Officers’ Certificate), a Guarantor shall be released from its obligations under the Collateral Documents in the event that all of the Capital Stock of such Guarantor shall be sold, transferred or otherwise disposed of
and, to the extent any 2010 Notes or 2012 Notes remain outstanding, such Guarantor shall no longer be a Restricted Subsidiary in a transaction permitted by the Indentures. 
  
 ARTICLE IV 
 ENFORCEMENT RIGHTS 
  
 SECTION 4.01.
Exclusive Enforcement. During the First Lien Obligation Period, whether or not an Insolvency Proceeding has been commenced by or against any Loan 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 14 -	  	 

 
Party, the Requisite First Lien Secured Parties shall have the exclusive right to take and continue (and to instruct the Collateral Agent to take and
continue) any Enforcement Action with respect to the Collateral, without any consultation with or consent of any Second Lien Secured Party, but subject to the proviso set forth in Section 6.01. Upon the occurrence and during the continuance of a
default or an event of default under the First Lien Documents, the Requisite First Lien Secured Parties may take and continue (and instruct the Collateral Agent to take and continue) any Enforcement Action with respect to the First Lien Obligations
and the Collateral in such order and manner as they may determine in their sole discretion. 
  
 SECTION 4.02. Standstill and Waivers. During the First Lien Obligation Period, subject to the proviso set forth in Section 6.01, no Second Lien Secured Party will: 
  
 (a) take or cause to be taken any action, the purpose or
effect of which is to make any Lien in respect of any Second Lien Obligation pari passu with or senior to, or to give any Second Lien Secured Party any preference or priority relative to, the Liens with respect to the First Lien Obligations or the
First Lien Secured Parties with respect to any of the Collateral; 
  
 (b) oppose, object to, interfere with, hinder or delay, in any manner, whether by judicial proceedings or otherwise, any foreclosure, sale, lease, exchange, transfer or other disposition of the Collateral by the
Collateral Agent or any First Lien Secured Party or any other Enforcement Action taken by or on behalf of the Collateral Agent or any First Lien Secured Party; 
  

(c) have any right to (i) direct either the Collateral Agent or any other First Lien Secured Party to exercise any right, remedy or
power with respect to the Collateral or pursuant to the Collateral Documents or (ii) consent or object to the exercise by the Collateral Agent or any First Lien Secured Party of any right, remedy or power with respect to the Collateral or pursuant
to the Collateral Documents or to the timing or manner in which any such right is exercised or not exercised (or, to the extent any Second Lien Secured Party may have any such right described in this clause (c), whether as a junior lien creditor or
otherwise, it irrevocably waives such right); 
  
 (d) institute any suit or other proceeding or assert in any suit, Insolvency Proceeding or other proceeding any claim against either the Collateral Agent or any First Lien Secured Party seeking damages from or other relief by way of
specific performance, instructions or otherwise, with respect to, and none of the Collateral Agent nor any First Lien Secured Party shall be liable for, any action taken or omitted to be taken by the Collateral Agent or any First Lien Secured Party
with respect to the Collateral or pursuant to the First Lien Documents or Collateral Documents; 
  
 (e) make (or request that the Collateral Agent make) any judicial or nonjudicial claim or demand or commence any judicial or nonjudicial
proceedings against any Loan Party or any of its subsidiaries or affiliates under or with respect to any Collateral Document seeking payment or damages from or other relief by way of specific performance, instructions or otherwise under or with
respect to any Collateral Document 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 15 -	  	 

 
(other than filing a proof of claim) or exercise any right, remedy or power under or with respect to, or otherwise take any action to enforce (other than
filing a proof of claim) any Collateral Document; 
  
 (f) commence judicial or nonjudicial foreclosure proceedings with respect to, seek to have a trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take possession of any Collateral, exercise any
right, remedy or power with respect to, or otherwise take any action to enforce their interest in or realize upon, the Collateral or pursuant to the Collateral Documents (nor will any Second Lien Secured Party request that the Collateral Agent do
any of the foregoing); and 
  
 (g) seek (or
request that the Collateral Agent seek), and each Second Lien Secured Party hereby waives any right, to have the Collateral or any part thereof marshaled upon any foreclosure or other disposition of the Collateral. 
  
 SECTION 4.03. Judgment Creditors. In the event that any Second
Lien Secured Party becomes a judgment lien creditor in respect of Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in
relation to the First Priority Liens and the First Lien Obligations) as the other Liens securing the Second Lien Obligations created in favor of the Collateral Agent pursuant to the Collateral Documents are subject to this Agreement. 
  
 SECTION 4.04. Cooperation. Each Second Lien Secured Party
agrees that it shall take such actions as the Requisite First Lien Secured Parties (or the Collateral Agent at the instruction of the Requisite First Lien Secured Parties) shall reasonably request in connection with the exercise by the First Lien
Secured Parties of their rights set forth herein. 
  
 SECTION
4.05. No Additional Rights For Loan Parties Hereunder. Except as provided in Section 4.06, if any Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, no Loan Party shall be entitled to use
such violation as a defense to any action by any Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any Secured Party. 
  
 SECTION 4.06. Actions Upon Breach. 
  
 (a) Defense or Dilatory Plea. If any Second Lien Secured Party, contrary to this Agreement, commences or participates
in any action or proceeding against a Loan Party or the Collateral, such Loan Party may interpose as a defense or dilatory plea the execution and delivery of this Agreement, and any First Lien Secured Party may intervene and interpose such defense
or plea in its or their name or in the name of such Loan Party. 
  
 (b) Injunction Relief, Etc. Should any Second Lien Secured Party, contrary to this Agreement, in any way take, attempt to or threaten to take any action with respect to the Collateral (including, without limitation, any attempt to
realize upon or enforce any remedy with respect to this Agreement), or fail to take any action required by this Agreement, any First Lien Secured Party (in its or their own name or in the name of the Company or any other Loan Party) 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 16 -	  	 

 
or the Company or any other Loan Party may obtain relief against such Second Lien Secured Party by injunction, specific performance and/or other appropriate
equitable relief, it being understood and agreed by each Second Lien Secured Party that (i) the First Lien Secured Parties’ damages from its actions may at that time be difficult to ascertain and may be irreparable, and (ii) each Second Lien
Secured Party waives any defense that the Company, any other Loan Party and/or the First Lien Secured Parties cannot demonstrate damage and/or be made whole by the awarding of damages. 
  
 ARTICLE V 
 PAYMENTS AND OTHER AGREEMENTS 
  
 SECTION
5.01. Application of Proceeds, Turnover Provisions. All proceeds of Collateral resulting from the sale, collection or other disposition of Collateral in connection with or resulting from any Enforcement Action, and whether or not
pursuant to a Insolvency Proceeding, shall be distributed in the following order of priority: 
  
 (i) to pay the fees and expenses of such sale, collection or disposition, including reasonable compensation and expenses to agents of and
counsel for the Collateral Agent, and all reasonable fees, expenses, liabilities and advances incurred or made by the Collateral Agent in connection with this Agreement or the Collateral Documents, and any other amounts then due and payable to the
Collateral Agent pursuant to Section 2.03, until payment in full of such fees, expenses, liabilities, advances and other amounts shall have been made; 
  
 (ii) to pay ratably all reasonable fees, expenses, liabilities and advances incurred or made by the First Lien Representatives in
connection with this Agreement or the Collateral Documents, until payment in full of such fees, expenses, liabilities, advances and other amounts shall have been made; 
  
 (iii) to pay ratably any other First Lien Obligations then due and payable (such payment, in the case of any
letters of credit issued under a Credit Agreement, to be applied to the posting of cash collateral for First Lien Obligations in respect of such letters of credit whether or not the respective letter of credit shall have been drawn) as certified to
the Collateral Agent by the Company pursuant to an Officers’ Certificate until payment in full of all such First Lien Obligations shall have been made; 
  
 (iv) to pay ratably all reasonable fees, expenses, liabilities and advances incurred or made by the Second Lien Representatives in
connection with this Agreement or the Collateral Documents, as certified to the Collateral Agent by the Company pursuant to an Officers’ Certificate until payment in full of such fees, expenses, liabilities, advances and other amounts shall
have been made; 
  
 (v) to pay ratably any Second
Lien Obligations then due and payable (such payment, in the case of any letters of credit issued under a Credit Agreement, to be applied to the posting of cash collateral for Second Lien Obligations in respect of such letters of credit whether or
not the respective letter of credit shall have been drawn), as 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 17 -	  	 

 
certified to the Collateral Agent by the Company pursuant to an Officers’ Certificate until payment in full of such Second Lien Obligations shall have
been made; and 
  
 (vi) any remaining amounts
shall be remitted to the applicable Loan Party. 
  
 During the First Lien
Obligation Period, any Collateral, including without limitation any Collateral constituting proceeds, that may be received by any Second Lien Secured Party shall be segregated and held in trust and promptly paid over to the Collateral Agent in the
same form as received, with any necessary endorsements, for application to the Secured Obligations in accordance with the foregoing provisions of this Section, and each Second Lien Secured Party hereby authorizes the Collateral Agent to make any
such endorsements as agent for the Second Lien Secured Party receiving such proceeds (which authorization, being coupled with an interest, is irrevocable). 
  
 SECTION 5.02. Releases of Liens. Upon any release, sale or disposition of Collateral permitted pursuant to the terms of the First Lien
Documents that results in the release of the First Priority Lien on any Collateral (including without limitation any sale or other disposition pursuant to any Enforcement Action), the Second Priority Lien on such Collateral (but not on any proceeds
of such Collateral not required to be paid to the First Lien Secured Parties) shall be automatically and unconditionally released with no further consent or action of any Person. In connection with the foregoing, each Second Lien Secured Party
hereby appoints the Collateral Agent and any officer or duly authorized person of the Collateral Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power of attorney in the place and stead of such
Second Lien Secured Party and in the name of the Second Lien Secured Parties or in the Collateral Agent’s own name, from time to time, in the Collateral Agent’s sole discretion, for the purposes of carrying out the terms of this Section,
to take any and all appropriate action and to execute and deliver any and all documents and instruments as may be necessary or desirable to accomplish the purposes of this Section, including, without limitation, any amendments to financing
statements, termination statements, endorsements, assignments, releases or other documents or instruments of transfer (which appointment, being coupled with an interest, is irrevocable). 
  
 SECTION 5.03. Inspection Rights and Insurance. 
  
 (a) Inspections and Auctions. Any First Lien Secured Party and its representatives and invitees may at any time
inspect, repossess, remove and otherwise deal with the Collateral, and the Collateral Agent may pursuant to an Enforcement Action advertise and conduct public auctions or private sales of the Collateral, in each case without notice to, the
involvement of or interference by any Second Lien Secured Party or liability to any Second Lien Secured Party. 
  
 (b) Insurance. The Collateral Agent shall at all times be named as loss payee and additional named insured under any insurance policies maintained
from time to time by any Loan Party covering any Collateral. During any First Lien Obligation Period, as between the First Lien Secured Parties and the Second Lien Secured Parties, the First Lien Secured Parties will have the sole and exclusive
right (i) to adjust or settle any insurance policy or claim 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 18 -	  	 

 
covering the Collateral in the event of any loss thereunder and (ii) to approve any award granted in any condemnation or similar proceeding affecting the
Collateral. 
  
 ARTICLE VI 
 INSOLVENCY PROCEEDINGS 
  
 SECTION 6.01. Filing of Motions. During the First Lien Obligation Period, no Second Lien Secured Party shall, in or in connection with any
Insolvency Proceeding, file any pleadings or motions, take any position at any hearing or proceeding of any nature, or otherwise take any action whatsoever, in each case in respect of any of the Collateral, including, without limitation, with
respect to the determination of any Liens or claims held by the Collateral Agent (including the validity and enforceability thereof) or any First Lien Secured Party or the value of any claims of such parties under Section 506(a) of the Bankruptcy
Code or otherwise; provided that any Second Lien Secured Party may file a proof of claim in a Insolvency Proceeding, subject to the limitations contained in this Agreement and only if consistent with the terms and the limitations on the Second Lien
Secured Parties imposed hereby. 
  
 SECTION 6.02. Financing
Matters. If any Loan Party becomes subject to any Insolvency Proceeding, and if one or more of the First Lien Secured Parties desires to consent to the use of cash collateral under the Bankruptcy Code or to provide financing to any Loan
Party under the Bankruptcy Code (“DIP Financing”), then each Second Lien Secured Party (i) will be deemed to have consented to, will raise no objection to, nor support any other Person objecting to, the use of such cash
collateral or to such DIP Financing, (ii) will not request or accept adequate protection or any other relief in connection with the use of such cash collateral or such DIP Financing except as set forth in Section 6.04, (iii) will subordinate (and
will be deemed hereunder to have subordinated) the Second Priority Liens (x) to such DIP Financing on the same terms as the First Priority Liens are subordinated thereto (and such subordination will not alter in any manner the terms of this
Agreement) and (y) to any adequate protection provided to the First Lien Secured Parties and (iv) agrees that notice received two (2) calendar days prior to the entry of an order approving such usage of cash collateral or approving such financing
shall be adequate notice; provided that the aggregate principal amount of such DIP Financing under the foregoing clauses (i), (ii) or (iii) shall not exceed the aggregate principal amount of First Lien Obligations permitted to be incurred under the
2012 Indenture (less the aggregate principal amount of all First Lien Obligations outstanding at such time). 
  
 SECTION 6.03. Relief From the Automatic Stay. No Second Lien Secured Party will seek relief (or request the Collateral Agent to seek relief)
from the automatic stay or from any other stay in any Insolvency Proceeding in each case in respect of any Collateral, without the prior consent of the Requisite Secured Parties. 
  
 SECTION 6.04. Adequate Protection. No Second Lien Secured Party shall object, contest, or support any other
Person objecting to or contesting (or request the Collateral Agent to object, contest or support), (a) any request by the First Lien Secured Parties for adequate protection or (b) any objection by the First Lien Secured Parties to any motion,
relief, action or proceeding based on a claim of a lack of adequate protection or (c) the payment of 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 19 -	  	 

 
interest, fees, expenses or other amounts to any First Lien Secured Party under Section 506(b) or 506(c) of the Bankruptcy Code or otherwise. 
  
 Notwithstanding anything to the contrary contained in this Section and in
Section 6.02, in any Insolvency Proceeding, 
  
 (i) if the First Lien Secured Parties (or any subset thereof) are granted adequate protection in the form of additional collateral or superpriority claims in connection with any DIP Financing or use of cash collateral, and the First Lien
Secured Parties do not object to the adequate protection being provided to them, then the Second Lien Secured Parties, may seek or accept adequate protection solely in the form of (A) a replacement Lien on such additional collateral, subordinated to
the Liens securing the First Lien Obligations and such DIP Financing on the same basis as the other Liens securing the Second Lien Obligations are so subordinated to the First Lien Obligations under this Agreement and (B) superpriority claims junior
in all respects to the superpriority claims granted to the First Lien Secured Parties, and 
  
 (ii) in the event any of the Second Lien Secured Parties, seeks or requests adequate protection and such adequate protection is granted in
the form of additional collateral, then the Second Lien Secured Parties agree that the First Lien Secured Parties (or a representative on their behalf) shall also be granted a senior Lien on such additional collateral as security for the First Lien
Obligations and any such DIP Financing and that any Lien on such additional collateral securing the Second Lien Obligations shall be subordinated to the Liens on such collateral securing the First Lien Obligations and any such DIP Financing (and all
Obligations relating thereto) and any other Liens granted to the First Lien Secured Parties as adequate protection on the same basis as the other Liens securing the Second Lien Obligations are subordinated to the First Lien Obligations under this
Agreement. 
  
 SECTION 6.05. Avoidance Issues. If
any First Lien Secured Party is required in any Insolvency Proceeding or otherwise to turn over or otherwise pay to the estate of any Loan Party, because the payment of such-amount was declared to be a fraudulent transfer or preferential in any
respect or for any other reason, any amount (a “Recovery”), whether received as proceeds of security, enforcement of any right of set-off or otherwise, then the First Lien Obligations shall be reinstated to the extent of such
Recovery and deemed to be outstanding as if such payment had not occurred and the First Lien Obligation Period shall continue to be in effect. If this Agreement shall have been terminated prior to such Recovery, this Agreement shall be reinstated in
full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto. No Second Lien Secured Party shall be entitled to benefit from any avoidance action affecting
or otherwise relating to any distribution or allocation made in accordance with this Agreement, whether by preference or otherwise, it being understood and agreed that the benefit of such avoidance action otherwise allocable to them shall instead be
allocated and turned over for application in accordance with the priorities set forth in this Agreement. 
  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 20 -	  	 

 SECTION 6.06. Asset Dispositions in an Insolvency Proceeding. No Second Lien Secured Party
shall, in an Insolvency Proceeding or otherwise oppose any sale or disposition of any assets of any Loan Party that is supported by the First Lien Secured Parties, and each Second Lien Secured Party will be deemed to have consented under Section 363
of the Bankruptcy Code (and otherwise) to any sale supported by the First Lien Secured Parties and to have released their Liens (including Liens in favor of the Collateral Agent) in such assets. 
  
 SECTION 6.07. Separate Grants of Security and Separate
Classification. Each Second Lien Secured Party acknowledges and agrees that (a) the grants of Liens pursuant to the Collateral Documents constitute two separate and distinct grants of Liens and (b) because of, among other things, their
differing rights in the Collateral, the Second Lien Obligations are fundamentally different from the First Lien Obligations and must be separately classified in any plan of reorganization proposed or adopted in an Insolvency Proceeding. To further
effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims of the First Lien Secured Parties and Second Lien Secured Parties in respect of the Collateral constitute only one secured claim
(rather than separate classes of senior and junior secured claims), then the Second Lien Secured Parties hereby acknowledge and agree that all distributions shall be made as if there were separate classes of senior and junior secured claims against
the Loan Parties in respect of the Collateral (with the effect being that, to the extent that the aggregate value of the Collateral is sufficient (for this purpose ignoring all claims held by the Second Lien Secured Parties), the First Lien Secured
Parties shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of Post-Petition Interest before any distribution is made in respect of
the claims held by the Second Lien Secured Parties, with the Second Lien Secured Parties hereby acknowledging and agreeing to turn over to the First Lien Secured Parties amounts otherwise received or receivable by them to the extent necessary to
effectuate the intent of this sentence, even if such turnover has the effect of reducing the claim or recovery of the Second Lien Secured Parties). 
  
 SECTION 6.08. No Waivers of Rights of First Lien Secured Parties. Nothing contained herein shall prohibit or in any way limit any First Lien
Secured Party from objecting in any Insolvency Proceeding or otherwise to any action taken by any Second Lien Secured Party, including the seeking by any Second Lien Secured Party of adequate protection or the asserting by any Second Lien Secured
Party of any of its rights and remedies under the Second Lien Documents or otherwise. 
  
 SECTION 6.09. Plans of Reorganization. During the First Lien Obligation Period, no Second Lien Secured Party shall support or vote in favor of any plan of reorganization (and each shall be deemed to have
voted to reject any plan of reorganization), or object to any disclosure statement related thereto, unless such plan (a) pays off, in cash in full, all First Lien Obligations, (b) is accepted by the class of holders of First Lien Obligations voting
thereon and is supported by the Requisite First Lien Secured Parties or (c) incorporates this Agreement by reference and continues the rights and priorities of the First Lien Secured Parties and the Second Lien Secured Parties in the Collateral
subsequent to the effective date of such plan. 
  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 21 -	  	 

 SECTION 6.10. Other Matters. To the extent that any Second Lien Secured Party has or
acquires rights under Section 363 or Section 364 of the Bankruptcy Code with respect to any of the Collateral, each Second Lien Secured Party agrees not to assert any of such rights without the prior written consent of the Requisite First Lien
Secured Parties; provided that if requested by the Requisite First Lien Secured Parties, the Second Lien Secured Parties shall timely exercise such rights in the manner requested by the Requisite First Lien Secured Parties, including any rights to
payments in respect of such rights. 
  
 SECTION 6.11.
Effectiveness in Insolvency Proceedings. This Agreement shall be effective both before and after the commencement of an Insolvency Proceeding. 
  
 ARTICLE VII 
 DOCUMENTATION

  
 SECTION 7.01. Inconsistency with Debt Documents.
In the event of any inconsistency between the provisions of this Agreement and any First Lien Document or Second Lien Documents, the provisions of this Agreement shall be controlling. 
  
 SECTION 7.02. Amendments of Collateral Documents. Except as provided in the next following paragraph, the
Requisite First Lien Secured Parties shall have the sole and exclusive right to authorize and instruct the Collateral Agent to enter into and consent to any amendment, waiver or consent in respect of any of the Collateral Documents (including to
release any Collateral from the Lien provided therein); provided that (other than with respect to amendments, modifications or waivers that secure additional extensions of credit and add additional secured creditors and do not violate the express
provisions of the Second Lien Agreements), (A) no such amendment, waiver or consent shall have the effect of removing assets subject to the Lien of any Collateral Document having a aggregate value as to all such releases during the First Lien
Obligation Period in excess of $10,000,000 (as set forth in an Officers’ Certificate delivered to the Collateral Agent and each Secured Party Representative), except to the extent that a release of such Lien is permitted by Section 5.02, (B) no
such amendment, waiver or consent shall materially and adversely affect the rights of the Second Lien Secured Parties without affecting the First Lien Secured Parties in a like or similar manner and no such amendment, waiver or consent shall release
all or substantially all of the Collateral without the consent of the Requisite Second Lien Secured Parties and (C) notice of such amendment, waiver or consent shall be given to the Second Lien Secured Parties (which, in the case of the 2012
Noteholders may be given to the 2012 Notes Trustee and, in the case of any other Second Lien Secured Party may be given to the Second Lien Representative, if any, for such Second Lien Secured Party) no later than 30 days after its effectiveness,
provided that the failure to give such notice shall not affect the effectiveness and validity thereof. 
  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 22 -	  	 

 Notwithstanding the foregoing, without the consent of any Secured Party, the Loan Parties and the
Collateral Agent, at any time and from time to time, may amend or supplement this Agreement or any Collateral Document: 
  
 (a) to cure any ambiguity, defect or inconsistency; 
  
 (b) to provide for the assumption of the Company’s obligations to the Secured Parties in the case of a
consolidation, amalgamation, combination or merger or sale of all or substantially all of the Company’s assets in accordance with the provisions described in Article VIII of the Indentures; 
  
 (c) to make any change that would provide any additional
rights or benefits to the Secured Parties; 
  
 (d) to comply with requirements of the Commission in order to effect or maintain the qualification of the Indentures under the Trust Indenture Act; 
  
 (e) to release any Guarantor from its obligations hereunder and under any other Collateral Document upon such Guarantor being released
from its Subsidiary Guarantee and the Indentures in accordance with the Indentures; 
  
 (f) to evidence and provide for the acceptance of appointment of a successor Collateral Agent; 
  
 (g) to reflect the grant of Liens on the Collateral for the
benefit of an additional secured party, to the extent such Indebtedness and the Lien securing such Indebtedness is permitted by the terms of the Indentures; 
  
 (h) to release Collateral from the Liens of the Collateral Documents when permitted or required by this Agreement or the Collateral
Documents; and 
  
 (i) to create additional Liens
upon any property or assets of any Loan Party as collateral security for the Secured Obligations. 
  
 ARTICLE VIII 
 RELIANCE; WAIVERS; ETC. 
  
 SECTION. 8.01. Reliance. The First Lien Documents are deemed to
have been executed and delivered, and all extensions of credit or incurrence of debt thereunder are deemed to have been made or incurred, in reliance upon this Agreement. The Second Lien Secured Parties expressly waive all notice of the acceptance
of and reliance on this Agreement by the First Lien Secured Parties. The Second Lien Documents are deemed to have been executed and delivered and all extensions of credit or incurrence of debt thereunder are deemed to have been made or incurred, in
reliance upon this Agreement. The First Lien Secured Parties expressly 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 23 -	  	 

 
waive all notices of the acceptance of and reliance on this Agreement by the Second Lien Secured Parties. 
  
 SECTION 8.02. No Warranties or Liability. Each Secured Party
acknowledges to each other Secured Party that none of them has made any representation or warranty to any other Secured Party with respect to the execution, validity, legality, completeness, collectibility or enforceability of any First Lien
Document or any Second Lien Document. Except as otherwise provided in this Agreement, the First Lien Secured Parties and Second Lien Secured Parties will be entitled to manage and supervise their respective extensions of credit to any Loan Party in
accordance with law and their usual practices, modified from time to time as they deem appropriate. 
  
 SECTION 8.03. No Waivers. No right or benefit of any party hereunder shall at any time in any way be prejudiced or impaired by any act or
failure to act on the part of such party or any other party hereto or by any noncompliance by any Loan Party with the terms and conditions of any of the First Lien Documents or the Second Lien Documents. 
  
 ARTICLE IX 
 OBLIGATIONS UNCONDITIONAL 
  
 SECTION 9.01. First Lien Obligations Unconditional. All rights of the First Lien Secured Parties hereunder, and all agreements and obligations of the Second Lien Secured Parties, the Company and the
other Loan Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 
  
 (a) any lack of validity or enforceability of any First Lien Document; 
  
 (b) any change in the time, place or manner of payment of, or in any other term of, all or any portion of
the First Lien Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any First Lien Document; 
  
 (c) any exchange, release, voiding, avoidance or
non-perfection of any security interest in any Collateral or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of all
or any portion of the First Lien Obligations or any guaranty thereof; or 
  
 (d) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Loan Party in respect of the First Lien Obligations, or of any Second Lien Secured Party or any Loan Party, to
the extent applicable, in respect of this Agreement. 
  
 SECTION
9.02. Second Lien Obligations Unconditional. Subject to compliance with the terms of this Agreement, all rights and interests of the Second Lien Secured Parties 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 24 -	  	 

 
under this Agreement, and all agreements and obligations of the First Lien Secured Parties, the Company and the other Loan Parties (to the extent
applicable), hereunder, shall remain in full force and effect irrespective of: 
  
 (a) any lack of validity or enforceability of any Second Lien Document; 
  
 (b) any change in the time, place or manner of payment of, or in any other term of, all or any portion of
the Second Lien Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Second Lien Document; 
  
 (c) any exchange, release, voiding, avoidance or
non-perfection of any security interest in any Collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of all or any portion of the
Second Lien Obligations or any guaranty thereof; or 
  
 (d) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Loan Party in respect of the Second Lien Obligations, or of any First Lien Secured Party or any Loan Party, to the extent applicable,
in respect of this Agreement. 
  
 ARTICLE X 
 CERTAIN UNDERTAKINGS OF THE COMPANY 
  
 SECTION 10.01. Perfection Actions by Company. The Company will, at its own expense, register, record and file or rerecord, refile and renew
the Collateral Documents and all amendments or supplements thereto in such manner and in such place or places, if any, as may be required by law in order fully to preserve and protect the Liens of the Collateral Documents on all parts of the
Collateral and to effectuate and preserve the perfection and priority of the security of the Secured Parties therein. 
  
 SECTION 10.02. Annual Opinion. The Company will furnish to the Collateral Agent and each Secured Party Representative promptly after the
execution and delivery of this Indenture and on May 15 in each year beginning with May 15, 2005, an Opinion of Counsel dated as of such date, either: 
  
 (i) (A) stating that, in the opinion of such counsel, all action has been taken with respect to the recording, registering, filing,
re-recording, re-registering and re-filing of all supplemental instruments and agreements, financing statements, continuation statements or other instruments of further assurance as is necessary to perfect and maintain the priority of the Lien of
the Collateral Documents and reciting with respect to the security interests in the Collateral the details of such action or referring to prior Opinions of Counsel in which such details are given, and (B) stating that, in the opinion of such
counsel, based on relevant laws as in effect on the date of such Opinion of 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 25 -	  	 

 
Counsel, all financing statements and continuation statements have been executed and filed that are necessary as of such date and during the succeeding 12
months fully to preserve, perfect and protect, to the extent such protection and preservation are possible by filing, the rights of the Secured Parties hereunder and under the Collateral Documents with respect to the security interests in the
Collateral; or 
  
 (ii) stating that, in the
opinion of such counsel, no such action is necessary to preserve, perfect and protect such Lien in the Collateral. 
  
 ARTICLE XI 
 MISCELLANEOUS 
  
 SECTION 11.01. Conflicts. In the event of any conflict between
the provisions of this Agreement and the provisions of any First Lien Document or any Second Lien Document, the provisions of this Agreement shall govern. 
  
 SECTION 11.02. Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party
hereto, until the First Lien Obligation Period shall have terminated. This is a continuing agreement and the First Lien Secured Parties and the Second Lien Secured Parties may continue, at any time and without notice to the other parties hereto, to
extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, Company or any other Loan Party on the faith hereof. 
  
 SECTION 11.03. Amendments; Waivers. No amendment or modification of any of the provisions of this Agreement
shall be effective unless the same shall be in writing and signed by the Requisite First Lien Secured Parties (or a representative on their behalf) and the Requisite Second Lien Secured Parties (or a representative on their behalf) and, only if the
rights or duties of the Collateral Agent or any Loan Party are directly affected thereby, the Collateral Agent and such Loan Party, as applicable. 
  
 SECTION 11.04. Information Concerning Financial Condition of the Company and the other Loan Parties. Each Secured Party hereby assumes
responsibility for keeping itself informed of the financial condition of the Company and each of the other Loan Parties and all other circumstances bearing upon the risk of nonpayment of the First Lien Obligations or the Second Lien Obligations.
Each Secured Party hereby agrees that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event that any Secured Party, in its sole discretion, undertakes at
any time or from time to time to provide any information to any other party to this Agreement, it shall be under no obligation (a) to provide any such information to such other party or any other party on any subsequent occasion, (b) to undertake
any investigation, or (c) to disclose any other information. 
  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 26 -	  	 

 SECTION 11.05. Additional Parties. 
  
 (a) Additional Loan Parties. In the event that, pursuant to the terms
of any First Lien Document or Second Lien Document, any Subsidiary of the Company not a Loan Party on the date hereof shall guarantee any of the Secured Obligations or grant a Lien in favor of any Secured Party as collateral security for any of the
Secured Obligations, the Company will immediately cause such Subsidiary shall become a “Loan Party” under and for all purposes of this Agreement by execution and delivery by such Subsidiary of a Loan Party Assumption Agreement in the form
of Annex 1 hereto. 
  
 (b) Additional Secured Parties. In
the event that any Loan Party shall Incur any Indebtedness after the date hereof that the Company wishes to Designate as “First Lien Obligations” or “Second Lien Obligations” hereunder, the Company will cause the respective
holders of such Indebtedness (or an agent or trustee on their behalf that will constitute the Secured Party Representative in respect of such Indebtedness) to execute and deliver a Secured Party Assumption Agreement in the form of Annex 2 hereto.

  
 SECTION 11.06. Governing Law. This Agreement
shall be construed in accordance with and governed by the law of the State of New York, except as otherwise required by mandatory provisions of law and except to the extent that remedies provided by the laws of any jurisdiction other than the State
of New York are governed by the laws of such jurisdiction. 
  
 SECTION 11.07. Submission to Jurisdiction, Etc. 
  
 (a) Jurisdiction. Each Secured Party and each Loan Party hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York
County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any
judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal
court. Each Secured Party and each Loan Party hereby agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing
in this Agreement shall affect (i) any right that any First Lien Secured Party may otherwise have to bring any action or proceeding relating to this Agreement or any First Lien Documents against the Company or any other Loan Party or its properties
in the courts of any jurisdiction or (ii) any right that any Second Lien Secured Party may otherwise have to bring any action or proceeding relating to any Second Lien Document against the Company or any other Loan Party in the courts of any
jurisdiction. 
  
 (b) Waiver of Venue and Inconvenient
Forum. Each Secured Party and each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent they may legally and effectively do so (i) any objection they may now or hereafter have to the laying of venue of any suit, action
or proceeding arising out of or relating to this Agreement in any court referred to 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 27 -	  	 

 
in paragraph (a) of this Section and (ii) the defense of an inconvenient forum to the maintenance of such action or proceeding. 
  
 (c) Service of Process. Each Secured Party and each Loan Party hereby
irrevocably consents to service of process in the manner provided for notices in Section 11.08. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
  
 SECTION 11.08. Notices. Unless otherwise specifically provided
herein, any notice or other communication herein required or permitted to be given shall be in writing and may be personally served, telecopied, or sent by overnight express courier service or United States mail and shall be deemed to have been
given when delivered in person or by courier service, upon receipt of a telecopy or five (5) days after deposit in the United States mail (certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties
hereto (until notice of a change thereof is delivered as provided in this Section) shall be as set forth below each party’s name on the signature pages hereof, or, as to each party, at such other address as may be designated by such party in a
written notice to all of the other parties; provided that notices to any Loan Party other than the Company may be given to such Loan Party care of the Company. Notices to the 2010 Noteholders shall be given to the 2010 Notes Trustee. Notices to the
2012 Noteholders shall be given to the 2012 Notes Trustee. Notices to any other Secured Party may be given to the Secured Party Representative for such Secured Party. 
  
 SECTION 11.09. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of each
of the parties hereto and their respective successors and assigns, and nothing herein is intended, or shall be construed to give, any other Person any right, remedy or claim under, to or in respect of this Agreement or any Collateral. All references
to any Loan Party shall include any Loan Party as debtor-in-possession and any receiver or trustee for such Loan Party in any Insolvency Proceeding. 
  
 SECTION 11.10. Headings. Section headings used herein are for convenience of reference only, are not part of this Agreement and shall not
affect the construction of, or be taken into consideration in interpreting, this Agreement. 
  
 SECTION 11.11. Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such
invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof, and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision
in any other jurisdiction. 
  
 SECTION 11.12. Counterparts;
Integration, Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a
single contract. Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement. This Agreement shall become effective when it shall have been
executed by each party hereto. 
  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 28 -	  	 

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

  

			
	 U.S. BANK NATIONAL ASSOCIATION,
   as trustee for and on behalf of the 2010
   Noteholders

		
	By:	 	 /s/ Michael M. Hopkins

	 Name:
	 	 Michael M. Hopkins

	 Title:
	 	 Vice President

	
	 Address for Notices:

	
	 U.S. Bank National Association

	 Goodwin Square

	 225 Asylum Street

	 Hartford, CT 06103

	
	 Attention: Michael M. Hopkins

	 Telecopy No.: (860) 241-6897

	
	 With a copy to:

	
	 Shipman & Goodwin LLP

	 One Constitution Plaza

	 Hartford, CT 06103-1919

	
	 Attention: Thomas F. Tresselt

	 Telecopy No.: (860) 251-5314

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 29 -	  	 

			
	 U.S. BANK NATIONAL ASSOCIATION,
   as trustee for and on behalf of the 2012
   Noteholders

		
	By:	 	 /s/ Michael M. Hopkins

	 Name:
	 	 Michael M. Hopkins

	 Title:
	 	 Vice President

	
	 Address for Notices:

	
	 U.S. Bank National Association

	 Goodwin Square

	 225 Asylum Street

	 Hartford, CT 06103

	
	 Attention: Michael M. Hopkins

	 Telecopy No.: (860) 241-6897

	
	 With a copy to:

	
	 Shipman & Goodwin LLP

	 One Constitution Plaza

	 Hartford, CT 06103-1919

	
	 Attention: Thomas F. Tresselt

	 Telecopy No.: (860) 251-5314

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 30 -	  	 

			
	 U.S. BANK NATIONAL ASSOCIATION,
 as Collateral Agent

		
	By:	 	 /s/ Michael M. Hopkins

	 Name:
	 	 Michael M. Hopkins

	 Title:
	 	 Vice President

	
	 Address for Notices:

	
	 U.S. Bank National Association

	 Goodwin Square

	 225 Asylum Street

	 Hartford, CT 06103

	
	 Attention: Michael M. Hopkins

	 Telecopy No.: (860) 241-6897

	
	 With a copy to:

	
	 Shipman & Goodwin LLP

	 One Constitution Plaza

	 Hartford, CT 06103-1919

	
	 Attention: Thomas F. Tresselt

	 Telecopy No.: (860) 251-5314

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 31 -	  	 

			
	 US UNWIRED INC.

		
	By:	 	 /s/ Robert Piper

	 Name:
	 	 
	 Title:
	 	 
	
	 Address for Notices:

	
	 US Unwired Inc.

	 901 Lakeshore Drive

	 Lake Charles, Louisiana 70601

	
	 Attention: Thomas G. Henning

	 Telecopy No.: (337) 310-3479

	
	 With a copy to:

	
	 Cahill Gordon & Reindel LLP

	 80 Pine Street

	 New York, New York 10005

	
	 Attention: James Clark

	 Telecopy No.: (212) 269-5420

	
	 With a copy to:

	
	 Correro Fishman Haygood Phelps Weiss

	   Walmsley & Casteix, L.L.P.

	 201 St. Charles Avenue, 46th Floor

	 New Orleans, Louisiana 70170

	
	 Attention: Louis Y. Fishman

	 Telecopy No.: (504) 586-5250

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 32 -	  	 

			
	 GEORGIA PCS LEASING, LLC, a Georgia
 limited liability company

		
	 By:
	 	 GEORGIA PCS MANAGEMENT,

	 	 	 L.L.C., a Georgia limited liability

	 	 	 company

	 Its:
	 	 Sole Member

		
	 By:
	 	 LOUISIANA UNWIRED, LLC, a

	 	 	   Louisiana limited liability company

	 Its:
	 	 Sole Member

		
	 By:
	 	 /s/ Robert Piper

	 Name:
	 	 
	 Title:
	 	 
	
	 GEORGIA PCS MANAGEMENT, L.L.C.,
 a Georgia limited liability company

		
	 By:
	 	 LOUISIANA UNWIRED, LLC,

	 	 	   a Louisiana limited liability

	 	 	   company

	 Its:
	 	 Sole Member

		
	 By:
	 	 /s/ Robert Piper

	 Name:
	 	 
	 Title:
	 	 
	
	 LOUISIANA UNWIRED, LLC

		
	 By:
	 	 /s/ Robert Piper

	 Name:
	 	 
	 Title:
	 	 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 33 -	  	 

			
	 TEXAS UNWIRED

		
	 By:
	 	 LOUISIANA UNWIRED, LLC

	 Its:
	 	 Managing Partner

		
	 By:
	 	 /s/ Robert Piper

	 Name:
	 	 
	 Title:
	 	 
	
	 UNWIRED TELECOM CORP.

		
	 By:
	 	 /s/ Robert Piper

	 Name:
	 	 
	 Title:
	 	 

  

					
	 	  	Intercreditor Agreement	  	 
	 	  	- 34 -	  	 

 Annex 1 to 
 Intercreditor Agreement 
  
 LOAN
PARTY ASSUMPTION AGREEMENT, dated as of
                                        ,
200    , made by
                                        
                                 (the “Additional Loan Party”)
with respect to the Intercreditor Agreement (as defined below). All capitalized terms not defined herein shall have the meaning ascribed to them in the Intercreditor Agreement. 
  
 W I T N E S S E T H : 
  
 WHEREAS, US Unwired Inc. and certain of its Subsidiaries (other than the Additional Loan Party) have entered into an Intercreditor Agreement, dated as of
June 16, 2004 (as amended, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”) with the Trustees, Collateral Agent and other parties referred to therein; and 
  
 WHEREAS, the Additional Loan Party has agreed to execute and deliver this
Loan Party Assumption Agreement in order to become a party to the Intercreditor Agreement; 
  
 NOW, THEREFORE, IT IS AGREED: 
  
 1. Intercreditor Agreement. By executing and delivering this Loan Party Assumption Agreement, the Additional Loan Party, as provided in Section 11.05(a) of the Intercreditor Agreement, hereby becomes a “Loan Party” party to
the Intercreditor Agreement with the same force and effect as if originally named therein as a “Loan Party” thereunder and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a
“Loan Party” thereunder. 
  
 2. Governing Law.
THIS LOAN PARTY ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
  
 IN WITNESS WHEREOF, the undersigned has caused this Loan Party Assumption Agreement to be duly executed and delivered as of the date first above written.

  

			
	 [NAME OF ADDITIONAL LOAN
   PARTY]

		
	 By:
	 	 
	     Name:

	     Title:

  

					
	 	  	Annex 1 to Intercreditor Agreement	  	 
	 	  	 	  	 

 Annex 2 to 
 Intercreditor Agreement 
  
 SECURED PARTY ASSUMPTION AGREEMENT, dated as of
                                        ,
200    , made by
[                                        
                                 (the “Additional Secured
Party”)]
[                                        
    , as [agent] [trustee] (the “Additional Secured Party Representative”) on behalf of
                                ] with respect to the Intercreditor Agreement (as
defined below). All capitalized terms not defined herein shall have the meaning ascribed to them in the Intercreditor Agreement. 
  
 W I T N E S S E T H : 
  
 WHEREAS, US Unwired Inc. and certain of its Subsidiaries (other than the Additional Loan Party) have entered into an Intercreditor Agreement, dated as of
June 16, 2004 (as amended, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”) with the Trustees, Collateral Agent and other parties referred to therein; and 
  
 WHEREAS, the [Additional Secured Party has agreed] [Additional Secured Party
Representative has agreed on behalf of                     ] to execute and deliver this Secured Party Assumption Agreement in order to become
a party to the Intercreditor Agreement; 
  
 NOW, THEREFORE, IT IS AGREED:

  
 1. Intercreditor Agreement. [By executing and
delivering this Secured Party Assumption Agreement, the Additional Secured Party, as provided in Section 11.05(b) of the Intercreditor Agreement, hereby becomes a “Secured Party” party to the Intercreditor Agreement with the same force and
effect as if originally named therein as a “Secured Party” thereunder and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a “Secured Party” thereunder.] [By executing
and delivering this Secured Party Assumption Agreement, the Additional Secured Party Representative, as provided in Section 11.05(b) of the Intercreditor Agreement, hereby becomes a “Secured Party Representative” on behalf of
                     party to the Intercreditor Agreement with the same force and effect as if originally named therein as a “Secured
Party Representative” thereunder and, without limiting the generality of the foregoing, hereby expressly assumes, on behalf of itself and
                        , all obligations and liabilities of a “Secured Party” and “Secured Party
Representative” thereunder.] 
  
 2. Governing Law.
THIS SECURED PARTY ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
  

					
	 	  	Annex 2 to Intercreditor Agreement 	  	 
	 	  	 	  	 

 IN WITNESS WHEREOF, the undersigned has caused this Secured Party Assumption Agreement to be duly
executed and delivered as of the date first above written. 
  

			
	 [NAME OF ADDITIONAL SECURED
   PARTY OR SECURED PARTY
   REPRESENTATIVE]

		
	By:	 	 
	   Name:
	   Title:

  

					
	 	  	Annex 2 to Intercreditor Agreement	  	 
	 	  	- 2 -Security Agreement

 Exhibit 4.23 
  
 EXECUTION COPY 

  
 SECURITY AGREEMENT 
  
 dated as of June 16, 2004 
  
 between 
  
 US UNWIRED INC., 
  
 the GUARANTORS party hereto 
  
 and 
  
 U.S. BANK NATIONAL ASSOCIATION, 
 as Collateral Agent 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

	 	  	ARTICLE 1	  	 
			
	 	  	DEFINED TERMS	  	 
			
	1.01	  	Terms Generally	  	2
	1.02	  	Certain Uniform Commercial Code Terms	  	2
	1.03	  	Additional Definitions	  	2
			
	 	  	ARTICLE 2	  	 
			
	 	  	GRANT OF SECURITY INTEREST	  	 
			
	2.01	  	The Grant	  	5
	2.02	  	Exclusion from Grant	  	7
			
	 	  	ARTICLE 3	  	 
			
	 	  	REPRESENTATIONS AND WARRANTIES	  	 
			
	3.01	  	Title; No Other Liens	  	8
	3.02	  	Perfected First Priority Liens	  	8
	3.03	  	Perfected Second Priority Liens	  	9
	3.04	  	Names and Changes in Circumstances	  	9
	3.05	  	Inventory and Equipment	  	9
	3.06	  	Pledged Equity; Pledged Notes	  	9
	3.07	  	Intellectual Property	  	10
	3.08	  	Commercial Tort Claims	  	10
			
	 	  	ARTICLE 4	  	 
			
	 	  	FURTHER ASSURANCES; REMEDIES	  	 
			
	4.01	  	Delivery and Other Perfection	  	10
	4.02	  	Other Financing Statements and Liens	  	13
	4.03	  	Preservation of Rights	  	13
	4.04	  	Special Provisions Relating to Certain Collateral	  	13
	4.05	  	Events of Default, Etc.	  	14
	4.06	  	Deficiency	  	16
	4.07	  	Locations; Names	  	16
	4.08	  	Private Sale	  	16
	4.09	  	Application of Proceeds	  	16
	4.10	  	Attorney–in–Fact	  	16
	4.11	  	Perfection and Recordation	  	17

  

 (i) 

					
	 	  	 	  	Page

	 	  	ARTICLE 5	  	 
			
	 	  	MISCELLANEOUS	  	 
			
	5.01	  	Notices	  	17
	5.02	  	No Waiver	  	18
	5.03	  	Amendments and Waivers	  	18
	5.04	  	Successors and Assigns	  	18
	5.05	  	Counterparts	  	18
	5.06	  	Governing Law	  	18
	5.07	  	Captions	  	18
	5.08	  	Severability	  	18
	5.09	  	Additional Obligors	  	18
	5.10	  	WAIVER OF JURY TRIAL	  	19
	5.11	  	Intercreditor Agreement	  	19

  

			
	 Schedule 1-
	  	Notice Addresses of Guarantors
	 Schedule 2 -
	  	Description of Investment Property
	 Schedule 3 -
	  	Filings and Other Actions Required to Perfect Security Interests
	 Schedule 4 -
	  	Location of Jurisdiction of Organization
	 Schedule 5 -
	  	Locations of Inventory and Equipment
	 Schedule 6 -
	  	Intellectual Property
	 Schedule 7 -
	  	List of Contracts, Licenses and Other Agreements
	 Schedule 8 -
	  	List of Commercial Tort Claims
	 Schedule 9 -
	  	New Debtor Events
		
	 Annex 1 -
	  	Form of Assumption Agreement
	 Annex 2 -
	  	Form of Short Form Intellectual Property Agreement

  

 (ii) 

 SECURITY AGREEMENT (this “Agreement”), dated as of June 16, 2004, between US
UNWIRED, INC., a Louisiana Corporation (the “Company”), each of the Subsidiaries of the Company identified under the caption “Subsidiary Guarantors” on the signature pages hereto (individually, a
“Guarantor” and, together with the Company and any other entity that may become a party hereto as a “Guarantor hereunder” as provided herein, individually an “Obligor” and, collectively, the
“Obligors”), and U.S. Bank National Association, as Collateral Agent for the Secured Parties under and as defined in the Intercreditor Agreement referred to below (in such capacity, together with its successors in such
capacity, the “Collateral Agent”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Company, the Guarantors and the U.S. Bank National Association as trustee (the “2010 Notes Trustee”) have entered
into an indenture dated as of June 16, 2004 (as the same may be amended, supplemented, restated or otherwise modified from time to time, the “2010 Indenture”) providing for the issuance by the Company of its First Priority
Senior Secured Floating Rate Notes due 2010 (the “2010 Notes”); 
  
 WHEREAS, the Company, the Guarantors and the U.S. Bank National Association as trustee (the “2012 Notes Trustee” and, together with the 2010 Notes Trustee, the
“Trustees”) have entered into an indenture dated as of June 16, 2004 (as the same may be amended, supplemented, restated or otherwise modified from time to time, the “2012 Indenture” and, together with
the 2010 Indenture, the “Indentures”) providing for the issuance by the Company of its 10% Second Priority Senior Secured Notes due 2012 (the “2012 Notes” and, together with the 2010 Notes, the
“Notes”); 
  
 WHEREAS concurrently with
the execution and delivery hereof the Company, the Guarantors, the 2010 Notes Trustee, the 2012 Notes Trustee and the Collateral Agent are entering into an intercreditor agreement (as amended, supplemented, restated, replaced or otherwise modified
from time to time, the “Intercreditor Agreement”), providing, inter alia, for certain matters relating to the liens granted hereunder and for the liens granted hereunder for the benefit of the holders of the
2010 Notes to be senior to the liens granted hereunder for the benefit of the holders of the 2012 Notes; 
  
 WHEREAS it is a condition precedent of to the issuance of the Notes that the Obligors shall have executed and delivered this Agreement to the Collateral
Agent to secure the Notes and the Subsidiary Guarantees under and as defined in the Indentures by granting to the Collateral Agent first priority security interests in the Collateral for the benefit of the First Lien Secured Parties (as defined in
the Intercreditor Agreement) and second priority security interests in the Collateral for the benefit of the Second Lien Secured Parties (as so defined); 
  

					
	 	  	Security Agreement	  	 
	 	  	 	  	 

 NOW, THEREFORE, for and in consideration of the premises, each Obligor and the Collateral Agent, on
behalf of itself and each Secured Party (and each of their respective successors or assigns), hereby agree as follows: 
  
 ARTICLE 1 
  
 DEFINED TERMS 
  
 1.01 Terms Generally. Terms used herein and not otherwise defined herein are used herein as defined in the Intercreditor Agreement and in the Indentures. 
  
 1.02 Certain Uniform Commercial Code Terms. The terms “Accounts”, “Chattel Paper”,
“Commercial Tort Claims”, “Deposit Account”, “Documents”, “Electronic Chattel Paper”, “Equipment”, “Fixtures”, “General Intangible”, “Goods”, “Instruments”,
“Inventory”, “Letter-of-Credit Rights”, “Payment Intangible” and “Software” have the respective meanings ascribed there to in Article 9 of the Uniform Commercial Code. The term
“Financial Assets” and “Securities Account” shall have the meaning ascribed thereto in Article 8 of the Uniform Commercial Code. 
  
 1.03 Additional Definitions. In addition, as used herein: 
  
 “Assumption Agreement” means the Assumption Agreement
substantially in the form of Annex 1 hereto. 
  
 “Capital Stock” means, with respect to any Person, any and all shares, interests, participations or other equivalents (however designated, including voting and non-voting) of equity of such Person; provided
that in no event shall “Capital Stock” of any Person include any debt security convertible or exchangeable into equity of such Person until conversion or exchange, as applicable. 
  
 “Collateral” shall have the meaning assigned to such
term in Section 2. 
  
 “Contract” means
any chattel paper, promissory note, lease, contract, general intangible, license, property right or agreement. 
  
 “Copyright Licenses” shall mean any written agreement naming any Obligor as licensor or licensee (including, without limitation,
those listed in Schedule 6 hereto), granting any right under any Copyright, including, without limitation, the grant of rights to manufacture, distribute, exploit and sell materials derived from any Copyright. 
  
 “Copyrights” means (a) all copyrights arising under
the laws of the United States or any political subdivision thereof, whether registered or unregistered and whether published or unpublished (including, without limitation, those listed in Schedule 6 hereto), all registrations and recordings thereof,
and all applications in connection therewith, including, without limitation, all registrations, recordings and applications in the United States Copyright Office, and (b) the right to obtain all renewals thereof. 
  

					
	 	  	Security Agreement	  	 
	 	  	- 2 -	  	 

 “Equity Collateral” shall have the meaning assigned to such term in Section
2.01(g). 
  
 “Excluded Permitted Lien
Property” means any property or assets of the Company or any Guarantor that are subject to the clauses (a), (f), (g), (h) or (u) of the definition of “Permitted Liens” as set forth in the Indentures (but only to the extent
that the agreements relating to such Liens prohibit the creation of Liens in favor of the Collateral Agent on any such property or assets). 
  
 “FCC” means the Federal Communications Commission, or any other similar or successor agency of the Federal government
administering the Communications Act. 
  
 “FCC
License” means any cellular telephone, microwave, personal communications or other license, authorization, certificate of compliance, franchise, approval or permit, whether for the construction and/or the operation of any System,
granted or issued by the FCC. 
  
 “Intellectual
Property” means the collective reference to all rights, priorities and privileges relating to intellectual property arising under United States law, including, without limitation, the Copyrights, the Copyright Licenses, the Patents, the
Patent Licenses, the Trademarks and the Trademark Licenses, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 
  
 “Intercompany Note” means any promissory note
evidencing loans or other advances made by any Obligor to the Company or any of its Subsidiaries. 
  
 “Investment Property” means, the collective reference to (a) all “investment property” as such term is defined in
Section 9-102(a)(49) of the Uniform Commercial Code and (b) whether or not constituting “investment property” as so defined, all Pledged Notes and all Pledged Equity. 
  
 “Issuers” means each Restricted Subsidiary that is a Domestic Subsidiary. 
  
 “Motor Vehicles” means motor vehicles, tractors,
trailers and other like property, whether or not the title thereto is governed by a certificate of title or ownership. 
  
 “Patents” means (a) all letters patent of the United States or any political subdivision thereof, all reissues and extensions
thereof and all goodwill associated therewith, including, without limitation, any of the foregoing referred to in Schedule 6 hereto, (b) all applications for letters patent of the United States or any political subdivision thereof and all divisions,
continuations and continuations-in-part thereof, including, without limitation, any of the foregoing referred to in Schedule 6, and (c) all rights to obtain any reissues or extensions of the foregoing. 
  

					
	 	  	Security Agreement	  	 
	 	  	- 3 -	  	 

 “Patent License” means all agreements, whether written or oral, providing for the
grant by or to any Obligor of any right to manufacture, use or sell any invention covered in whole or in part by a Patent, including, without limitation, any of the foregoing referred to in Schedule 6. 
  
 “Permitted Liens” shall have the meaning assigned to
such term in the Indentures. 
  
 “Pledged
Equity” shall have the meaning assigned to such term in Section 2.01(g). 
  
 “Pledged Notes” means all promissory notes listed on Schedule 2, all Intercompany Notes at any time issued to any Obligor and all other promissory notes issued to or held by any Obligor (other
than promissory notes issued in connection with extensions of trade credit by any Obligor in the ordinary course of business). 
  
 “Proceeds” means all “proceeds” as such term is defined in Section 9-102(a)(64) of the Uniform Commercial Code and, in
any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto. 
  
 “PUC” means any state regulatory agency or body that exercises jurisdiction over the rates or
services or the ownership, construction or operation of any mobile communications system or over Persons who own, construct or operate mobile communications systems, in each case by reason of the nature or type of the business subject to regulation
and not pursuant to laws and regulations of general applicability to Persons conducting business in said state. 
  
 “PUC Authorization” means any validation, exemption, franchise, waiver, approval, order or authorization, consent, license,
certificate or permit issued by a PUC. 
  
 “Requirement
of Law” means, as to any Person, the certificate of incorporation and by-laws, the partnership agreement or other organizational or governing documents of such Person, and any law, treaty, rule or regulation, or determination, judgment,
writ, injunction, decree or order of an arbitrator or a court or other governmental authority, in each case applicable to or binding upon such Peron or any of its property or to which such Person or any of its property is subject. 
  
 “Restricted Subsidiary” shall have the meaning
assigned to such term in the Indentures. 
  
 “Subsidiary Guarantee” means, in respect of either series of Notes, the Guarantee by each Guarantor of the Company’s obligations under the respective Indenture pursuant to which such series of Notes are issued,
executed pursuant to the provisions of such Indenture. 
  
 “Trademarks” means (a) all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks, logos and other source or business identifiers, and all
goodwill associated therewith, now existing or hereafter 

  

					
	 	  	Security Agreement	  	 
	 	  	- 4 -	  	 

 
adopted or acquired, all registrations and recordings thereof, and all applications in connection therewith, whether in the United States Patent and
Trademark Office or in any similar office or agency of the United States or any political subdivision thereof and all common-law rights related thereto, including, without limitation, any of the foregoing referred to in Schedule 6 hereto, and (b)
the right to obtain all renewals thereof. 
  
 “Trademark License” means any agreement, whether written or oral, providing for the grant by or to any Obligor of any right to use any Trademark, including, without limitation, any of the foregoing referred to in
Schedule 6 hereto. 
  
 ARTICLE 2 
  
 GRANT OF SECURITY INTEREST 
  
 2.01 The Grant. Each Obligor hereby (i) assigns and transfers to the
Collateral Agent, and hereby grants to the Collateral Agent, for the benefit of the Collateral Agent and the First Lien Secured Parties, a first priority security interest in, all of the following property now owned or at any time hereafter acquired
by such Obligor or in which such Obligor now has or at any time in the future may acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and
performance when due (whether at the stated maturity, by acceleration or otherwise) of such Obligor’s First Lien Obligations and any obligations of the Obligors to the Collateral Agent and (ii) assigns and transfers to the Collateral Agent, and
hereby grants to the Collateral Agent, for the benefit of the Collateral Agent and the Second Lien Secured Parties, a second priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance
when due (whether at the stated maturity, by acceleration or otherwise) of such Obligor’s Second Lien Obligations: 
  
 (a) all Accounts (including, without limitation, all right to payment for the provision of wireless and related communications services
and wireless and related equipment sales and leasing), whether or not earned by performance, Chattel Paper (whether tangible or electronic), Deposit Accounts and Securities Accounts and accounts receivable, Letter-of-Credit Rights, General
Intangibles (including, without limitation Contracts (including, without limitation, construction contracts, subscriber contracts, customer service agreements, management agreements, rights-of-ways, easements, pole attachment agreements,
transmission capacity agreements and public utility contracts) and all rights arising therefrom or with respect thereto), Goods and Instruments (including, without limitation the promissory notes described in Schedule 2 hereto); 
  
 (b) all Documents; 
  
 (c) all Equipment (including, without limitation,
telecommunications and radio transmitting and receiving equipment, antennae, towers, microwave communication equipment, satellite dishes, multicouplers, multiplexers, machinery, computers, parts, tools, implements, poles, posts, cross-arms,
conduits, ducts, lines (whether underground or overhead or otherwise), wires, cables, exchanges, CODECs, switches (including, 

  

					
	 	  	Security Agreement	  	 
	 	  	- 5 -	  	 

 
without limitation, host switches and remote switches), testboards, amplifiers, racks, frames, motors, generators, batteries, items of central office
equipment, paystations, protectors, subscriber equipment, instruments, connections and appliances used, useful or acquired for use in the business of such Obligor or the operation of such Obligor’s properties) and Fixtures; 
  
 (d) all Inventory and supplies (including, without
limitation, returned or repossessed goods); 
  
 (e) all Investment Property (including, without limitation certificated and uncertificated securities) and letters of credit and; 
  
 (f) all leases, choses or things in action; 
  
 (g) the shares of common and preferred stock of, or partnership and other ownership interest in, the Issuers identified in Schedule 2 (as
supplemented from time to time pursuant to any Assumption Agreement, or other supplement effecting such pledge) under the name of such Obligor and all other shares of capital stock, or partnership and other ownership interest, of whatever class or
character of any Issuer, now or hereafter owned by such Obligor, and all certificates evidencing the same (collectively, the “Pledged Equity”), together with, in each case: 
  
 (i) all shares, securities, moneys or property representing
a dividend on any of the Pledged Equity, or representing a distribution or return of capital upon or in respect of the Pledged Equity, or resulting from a split-up, revision, reclassification or other like change of the Pledged Equity or otherwise
received in exchange therefor, and any subscription warrants, rights or options issued to the holders of, or otherwise in respect of, the Pledged Equity; and 
  

(ii) without affecting the obligations of such Obligor under any provision prohibiting such action hereunder or under any First Lien
Document or Second Lien Document, in the event of any consolidation or merger in which an Issuer is not the surviving entity, all ownership interests of any class or character of the successor entity (unless such successor entity is such Obligor
itself) formed by or resulting from such consolidation or merger (the Pledged Equity, together with all other certificates, shares, securities, properties or moneys as may from time to time be pledged hereunder pursuant to this clause (ii) and
clause (i) above being herein collectively called the “Equity Collateral”); and 
  
 (h) all Intercompany Notes; 
  
 (i) all Intellectual Property (including, without limitation all goodwill, customer lists, litigation rights and resulting judgments
arising therefrom or with respect thereto); 
  

					
	 	  	Security Agreement	  	 
	 	  	- 6 -	  	 

 (j) all Investment Property, Financial Assets and Securities Accounts not covered by the
foregoing clauses (a) through (i); 
  
 (k) all
Payment Intangibles, Software and all other General Intangibles whatsoever not covered by the preceding clauses of this Section 2; 
  
 (l) all Commercial Tort Claims arising out of the events described in Schedule 8; 
  
 (m) all rights of such Obligor under or relating to FCC
Licenses and PUC Authorizations and the proceeds from the sale of any FCC Licenses or PUC Authorizations or any goodwill or other intangible rights or benefits associated therewith, provided that such security interest does not include at any time
any FCC Licenses to the extent (but only to the extent) that (i) FCC approval is required in order to grant a security interest therein or (ii) at such time the Collateral Agent may not validly possess a security interest therein pursuant to the
Communications Act of 1934, as amended, and the regulations promulgated thereunder, as in effect at such time, but such security interest does include, to the maximum extent permitted by law, all rights incident or appurtenant to FCC Licenses and
the right to receive all proceeds derived from or in connection with the sale, assignment or transfer of the FCC Licenses; 
  
 (n) all other tangible and intangible personal property whatsoever of such Obligor; 
  
 (o) to the extent related to any Collateral, all books,
correspondence, credit files, records, invoices and other papers (including, without limitation, all tapes, cards, computer runs and other papers and documents in the possession or under the control of such Obligor or any computer bureau or service
company from time to time acting for such Obligor); and 
  
 (p) to the extent not otherwise included, all Proceeds, products, offspring, accessions, rents, profits, income, benefits, substitutions and replacements of and to any of the Collateral. 
  
 2.02 Exclusion from Grant. Notwithstanding any of the other provisions
set forth in this Section 2, the Collateral shall not constitute an assignment or pledge of, or a grant of a security interest in or Lien on: 
  
 (a) any Contract to which any Obligor is a party to the extent that (i) the grant of a security interest therein by such Obligor will
constitute or result in the abandonment, invalidation or unenforceability of any material right, title or interest of such Obligor under such Contract, (ii) the terms of such Contract prohibit the creation by such Obligor of a security interest
therein or (iii) any Requirement of Law applicable thereto prohibits the creation of a security interest therein (other than, in the case of clauses (i), (ii) and (iii), to the extent that any such term would be rendered ineffective pursuant to
Sections 9-406, 9-407, 9-408 or 9-409 of the Uniform Commercial Code); 
  

					
	 	  	Security Agreement	  	 
	 	  	- 7 -	  	 

 (b) any Capital Stock of a Subsidiary other than that described in Section 2.01(g);

  
 (c) any Motor Vehicles (whether owned or
leased); 
  
 (d) any rights in respect of
lawsuits filed against Sprint and its affiliates; 
  
 (e) any Excluded Permitted Lien Property (the assets set forth in this clause (e), together with the assets set forth in the foregoing clauses (a) through (d), the “Excluded Property”); and 
  
 (f) any lease to the extent perfection of a security
interest in such lease cannot be effected through filings under the Uniform Commercial Code; 
  
 provided that any Proceeds, substitutions or replacements of any Excluded Property shall not themselves be Excluded Property (unless such proceeds, substitutions or replacements would constitute property
described in clause (a) through (e) above). In addition, to the extent that any Excluded Permitted Lien Property is included in the Collateral, such Excluded Permitted Lien Property shall be automatically released from the Liens under the terms of
this Agreement. 
  
 ARTICLE 3 
  
 REPRESENTATIONS AND WARRANTIES 
  
 Each Obligor hereby represents and warrants to the Collateral Agent and each
Secured Party that with respect to such Obligor and its Collateral: 
  
 3.01 Title; No Other Liens. Such Obligor is the sole beneficial owner of the Collateral in which it purports to grant a security interest pursuant to Section 2 and no Lien exists or will exist upon such
Collateral at any time (and no right or option to acquire the same exists in favor of any other Person), except for (a) the security interest in favor of the Collateral Agent for the benefit of the Secured Parties as provided for herein, and (b)
Permitted Liens that are in existence on the date hereof (“Existing Permitted Liens”). 
  
 3.02 Perfected First Priority Liens. This Agreement is effective to create in favor of the Collateral Agent, for the benefit of the First Lien
Secured Parties, a legal, valid and enforceable first priority security interest in the Collateral, in each case prior and superior in right to any other Person (except Existing Permitted Liens). The Collateral Agent will have a fully perfected
First Priority Lien on, and security interest in, all right, title and interest of such Obligor in the Collateral upon (a) execution and delivery of this Agreement by such Obligor, (b) with respect to Collateral whose perfection depends on control
under the Uniform Commercial Code, when the Collateral Agent has obtained such control over such Collateral and (c) with respect to all other Collateral (to the extent security interests therein may be perfected by filing financing statements under
the Uniform Commercial Code), when the financing statements (in appropriate form) are filed in the jurisdictions indicated on Schedule 3. 
  

					
	 	  	Security Agreement	  	 
	 	  	- 8 -	  	 

 3.03 Perfected Second Priority Liens. This Agreement is effective to create in favor of the
Collateral Agent, for the benefit of the Second Lien Secured Parties, a legal, valid and enforceable second priority security interest in the Collateral, in each case subject only to the first priority security interests securing the Company’s
obligations under any First Lien Documents and any Existing Permitted Liens. The Collateral Agent will have a fully perfected Lien on, and security interest in, all right, title and interest of such Obligor in the Collateral upon (a) execution and
delivery of this Agreement by such Obligor, (b) with respect to Collateral whose perfection depends on control under the Uniform Commercial Code, when the Collateral Agent has obtained such control over such Collateral and (c) with respect to all
other Collateral (to the extent security interests therein may be perfected by filing financing statements under the Uniform Commercial Code), when the financing statements (in appropriate form) are filed in the jurisdictions indicated on Schedule
3. 
  
 3.04 Names and Changes in Circumstances. The full
and correct legal name, type of organization, organizational ID number (if applicable) and mailing address of each Obligor as of the date hereof is correctly set forth in Schedule 4. Schedule 4 correctly specifies the place of business of each
Obligor or, if such Obligor has more than one place of business, the location of the chief executive office of such Obligor. 
  
 Such Obligor has not (i) within the period of four months prior to the date hereof, changed its location (as defined in Section 9-307 of the Uniform
Commercial Code), (ii) except as specified in Schedule 4, heretofore changed its name, or (iii) except as specified in Schedule 9, heretofore become a “new debtor” (as defined in Section 9-102(a)(56) of the Uniform Commercial Code) with
respect to a currently effective security agreement previously entered into by any other person. 
  
 3.05 Inventory and Equipment. On the date hereof, all Inventory and the Equipment (other than mobile goods, and Equipment and Inventory in transit,
out for repair or otherwise off-site in the ordinary course of business) of the Obligors are located in the States listed on Schedule 5 hereto. 
  
 3.06 Pledged Equity; Pledged Notes. 
  
 (a) Pledged Equity. The Pledged Equity identified under the name of such Obligor in Schedule 2 is, and all other Pledged Equity in which such
Obligor shall hereafter grant a security interest pursuant to Section 2 will (i) be, duly authorized, validly existing, fully paid and non-assessable (in the case of any equity interest in a corporation), (ii) constitute legal, valid and binding
obligations of such Obligors (in the case of any equity interest in a partnership) and (iii) be duly issued and outstanding (in the case of any equity interest in any other entity), and none of such Pledged Equity is or will be subject to any
contractual restriction, or any restriction under the charter, by-laws, partnership agreement or other organizational instrument of the respective Issuer of such Pledged Equity, upon the transfer of such Pledged Equity (except for any such
restriction contained herein or in the Indentures, or under such organizational instruments). 
  

					
	 	  	Security Agreement	  	 
	 	  	- 9 -	  	 

 The Pledged Equity identified under the name of such Obligor in Schedule 2 hereto constitutes all of the
issued and outstanding shares of Capital Stock of any class of each Issuer beneficially owned by such Obligor on the date hereof, whether or not registered in the name of such Obligor (or, in the case of any supplement to said Schedule 2 upon the
execution and delivery of an Assumption Agreement, or other supplement effecting such pledge, will constitute all of the issued and outstanding shares of Capital Stock of any class of each Issuer beneficially owned by such Obligor and listed in such
supplement as of the date of such supplement). Schedule 2 hereto correctly identifies, as at the date hereof, the respective Issuers of such Pledged Equity, and (in the case of any corporate Issuer) the respective class and par value of the shares
comprising such Pledged Equity and the respective number of shares (and registered owners thereof) represented by each such certificate. 
  
 (b) Pledged Notes. Schedule 2 hereto sets forth a complete and correct list of all Pledged Notes held by any Obligor on the date hereof having an
original principal amount in excess of $100,000. 
  
 3.07
Intellectual Property. Schedule 6 sets forth under the name of such Obligor a complete and correct list of all Intellectual Property owned by such Obligor on the date hereof; except pursuant to licenses and other use agreements entered into
by such Obligor in the ordinary course of business that are listed in Schedule 7. 
  
 3.08 Commercial Tort Claims. Schedule 8 sets forth a complete and correct list of all material commercial tort claims of such Obligor in existence on the date hereof. 
  
 ARTICLE 4 
  
 FURTHER ASSURANCES; REMEDIES 
  
 In furtherance of the grant of the pledge and security interest pursuant to Section 2, the Obligors hereby jointly and severally agree with the Collateral
Agent as follows: 
  
 4.01 Delivery and Other Perfection.
Each Obligor shall: 
  
 (a) if any of the Equity
Collateral pledged by such Obligor under Section 2 are received by such Obligor, forthwith either (x) deliver to the Collateral Agent such Equity Collateral (together with the certificates or instruments for any such Equity Collateral duly endorsed
in blank or accompanied by such instruments of assignment and transfer in such form and substance as the Collateral Agent may request), all of which thereafter shall be held by the Collateral Agent, pursuant to the terms of this Agreement, as part
of the Collateral or (y) take such other action as necessary or appropriate to duly record or otherwise perfect the Lien created hereunder in such Equity Collateral; 
  
 (b) deliver and pledge to the Collateral Agent any and all Instruments having an original principal amount
in excess of $100,000, endorsed and/or accompanied by such instruments of assignment and transfer in such form and substance as the Collateral Agent may request; provided that (other than in the case of the promissory notes described in
Schedule 2 hereto) so long as no Event of Default shall have occurred and be 

  

					
	 	  	Security Agreement	  	 
	 	  	- 10 -	  	 

 
continuing, such Obligor may retain for collection in the ordinary course any Instruments received by such Obligor in the ordinary course of business and the
Collateral Agent shall, promptly upon request of such Obligor through the Company, make appropriate arrangements for making any Instrument pledged by such Obligor available to such Obligor, as applicable, for purposes of presentation, collection or
renewal (any such arrangement to be effected, to the extent deemed appropriate by the Collateral Agent, against trust receipt or like document); 
  
 (c) give, execute, deliver, file, record, authorize or obtain all such financing statements, notices, instruments, documents, agreements
or consents or other papers as may be necessary or desirable to create, preserve, perfect or validate the security interest granted pursuant hereto or to enable the Collateral Agent to exercise and enforce its rights hereunder with respect to such
pledge and security interest, including, without limitation, following the occurrence and during the continuance of an Event of Default, causing any or all of the Equity Collateral to be transferred of record into the name of the Collateral Agent or
its nominee (and the Collateral Agent agrees that if any Equity Collateral is transferred into its name or the name of its nominee, the Collateral Agent will thereafter promptly give to such Obligor copies of any notices and communications received
by it with respect to the Equity Collateral pledged by such Obligor hereunder); 
  
 (d) without limiting the generality of the foregoing paragraph (c), on the Issue Date, and thereafter, execute and deliver to the
Collateral Agent a short-form confirmatory security agreement in the form attached as Annex 2 hereto, with respect to the Trademarks hereunder for filing in the United States Patent and Trademark Office from time to time, as shall be necessary to
perfect and maintain the priority of the Lien created hereunder in such Trademarks; 
  
 (e) keep complete and accurate books and records relating to the Collateral, and stamp or otherwise mark such books and records in such
manner as the Collateral Agent may reasonably require in order to reflect the security interests granted by this Agreement; 
  
 (f) permit representatives of the Collateral Agent, upon reasonable notice, at any time during normal business hours to inspect and make
abstracts from its books and records pertaining to the Collateral, and permit representatives of the Collateral Agent to be present at the such Obligor’s place of business to receive copies of all communications and remittances relating to the
Collateral, and forward copies of any notices or communications received by such Obligor with respect to the Collateral, all in such manner as the Collateral Agent may require; 
  
 (g) execute and deliver and cause to be filed, such continuation statements, and do such other acts and
things, as may be necessary to maintain the perfection of the security interest granted pursuant hereto; and 
  
 (h) upon the occurrence and during the continuance of any Default, upon request of the Collateral Agent, promptly notify (and such Obligor
hereby authorizes the 

  

					
	 	  	Security Agreement	  	 
	 	  	- 11 -	  	 

 
Collateral Agent so to notify) each account debtor in respect of any Accounts or Instruments that such Collateral has been assigned to the Collateral Agent
hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Collateral Agent. 
  
 If any Obligor is required at any time to grant a lien upon real property pursuant to Section 13.04 of the 2010 Indenture or the 2012 Indenture, such
Obligor shall execute and deliver to the Collateral Agent, for the benefit of the Secured Parties, a mortgage or deed of trust or similar document (each, a “Mortgage”) as required by such Sections to secure the Secured
Obligations up to the maximum amount set forth in such Mortgage. The rights and remedies of the Collateral Agent with respect to such lien on such real property shall be governed by such Mortgage; provided that such real property shall in all
other respects be treated as “Collateral” hereunder, the net proceeds realized by the Collateral Agent from any realization thereon shall be allocated as proceeds pursuant to Section 4.09 and references to this “Agreement” shall
be deemed to include such Mortgage except insofar as such Mortgage governs the rights and remedies of the Collateral Agent with respect to such real property. 
  

In addition to the foregoing, to the extent that the granting of a security interest in any property acquired by any Obligors after the date hereof
(including through a Restricted Subsidiary becoming an Obligor hereunder) requires a third party consent which has not been obtained, the Obligors shall use commercially reasonable efforts (and in any event not involving the payment of money in
excess of 1⁄2 of 1% of the estimated fair market value of the property as determined in good faith by the chief financial officer of the Company) to obtain the third party consents referred to in the preceding sentence as promptly as practicable
with respect to such property for the benefit of the Collateral Agent. 
  
 Notwithstanding the foregoing, the Obligors shall not be required to take any of the actions described above (i) with respect to assets or property (including fixtures, but excluding all other real property) acquired by any Obligor after
the date hereof unless such assets or property has a fair market value (as determined in good faith by the Board of Directors of the Company) in excess of $1,000,000 individually or $2,500,000 in a series of one or more related transactions and (ii)
with respect to real property, unless the same is a fee interest in any individual or contiguous parcels of owned real property (other than fixtures) having a fair market value (as determined in good faith by the Board of Directors of the Company)
excess of $2,500,000 individually or in a series of one or more related transactions, provided that this paragraph shall not be applicable to (x) the acquisition of any FCC License by any Obligor or (y) the inclusion by any Obligor of any
other assets or property in collateral securing any other First Lien Obligations. 
  
 Notwithstanding anything to the contrary herein, no Obligor shall be required to grant control of any Deposit Account or Securities Account to the Collateral Agent. 
  
 Nothing herein shall be deemed to limit the obligations of the Obligors under
Section 13.04 of the Indentures or any comparable provision of any other First Lien Document or Second Lien Document. 
  

					
	 	  	Security Agreement	  	 
	 	  	- 12 -	  	 

 4.02 Other Financing Statements and Liens. Except for Permitted Liens, without the prior written
consent of the Collateral Agent (granted with the authorization of the Requisite Secured Parties as specified in the Intercreditor Agreement), no Obligor shall (a) file or suffer to be on file, or authorize or permit to be filed or to be on file, in
any jurisdiction, any financing statement or like instrument with respect to the Collateral in which the Collateral Agent is not named as the sole secured party for the benefit of the Secured Parties, or (b) cause or permit any other Person other
than the Collateral Agent to have “control” (as defined in Section 9-104, 9-105, 9-106 or 9-107 of the Uniform Commercial Code) of any Deposit Account, Electronic Chattel Paper, Investment Property or Letter-of-Credit Right constituting
part of the Collateral. 
  
 4.03 Preservation of Rights. No
Secured Party shall be required to take steps necessary to preserve any rights against prior parties to any of the Collateral. 
  
 4.04 Special Provisions Relating to Certain Collateral. 
  
 (a) Equity Collateral. 
  
 (i) The Obligors will cause the Equity Collateral to constitute at all times 100% of the total number of shares of each class of Capital
Stock of each Issuer then outstanding owned by them. 
  
 (ii) So long as no Event of Default shall have occurred and be continuing and prior to the receipt of a notice from the Collateral Agent stating its intention to exercise its rights hereunder with respect to the Equity Collateral, the
Obligors shall have the right to exercise all voting, consensual and other powers of ownership pertaining to the Equity Collateral for all purposes not inconsistent with the terms of this Agreement, the First Lien Documents and the Second Lien
Documents or any other instrument or agreement referred to herein or therein, provided that the Obligors jointly and severally agree that they will not vote the Equity Collateral in any manner that is inconsistent with the terms of this
Agreement, the First Lien Documents and the Second Lien Documents or any such other instrument or agreement; and the Collateral Agent shall execute and deliver to the Obligors or cause to be executed and delivered to the Obligors all such proxies,
powers of attorney, dividend and other orders, and all such instruments, without recourse, as the Obligors may reasonably request for the purpose of enabling the Obligors to exercise the rights and powers which they are entitled to exercise pursuant
to this Section 4.04(a)(ii). 
  
 (iii) So long as
no Event of Default shall have occurred and be continuing, the Collateral Agent shall promptly execute and deliver (or cause to be executed and delivered) to, and at the cost and expense of, the Obligors, all proxies, dividend payment orders and
other instruments as the Obligors may from time to time reasonably request for the purpose of enabling the Obligors to exercise the voting and other consensual rights which they are entitled to exercise pursuant to paragraph (ii) above. 

 

					
	 	  	Security Agreement	  	 
	 	  	- 13 -	  	 

 (b) Intellectual Property. 
  
 (i) For the purpose of enabling the Collateral Agent to exercise rights and remedies under Section 4.05 at
such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Obligor hereby grants to the Collateral Agent, to the extent assignable, an irrevocable, non-exclusive license
(exercisable without payment of royalty or other compensation to such Obligor) to use, assign, license or sublicense any of the Intellectual Property now owned or hereafter acquired by such Obligor, wherever the same may be located, including in
such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer programs used for the compilation or printout thereof. 
  
 (ii) Notwithstanding anything contained herein to the contrary, but subject to the provisions of the
Indentures that limit the rights of the Obligors to dispose of their property, so long as no Event of Default shall have occurred and be continuing, the Obligors will be permitted to exploit, use, enjoy, protect, license, sublicense, assign, sell,
dispose of or take other actions with respect to the Intellectual Property in the ordinary course of the business of the Obligors. In furtherance of the foregoing, unless an Event of Default shall have occurred and be continuing the Collateral Agent
shall from time to time, upon the request of the respective Obligor, execute and deliver any instruments, certificates or other documents, in the form so requested, that such Obligor through the Company shall have certified are appropriate (in its
judgment) to allow it to take any action permitted above (including relinquishment of the license provided pursuant to clause (i) immediately above as to any specific Intellectual Property). Further, upon the payment in full of all of the Secured
Obligations or earlier expiration of this Agreement or release of the Collateral, the Collateral Agent shall grant back to the Obligors the license granted pursuant to clause (i) immediately above. The exercise of rights and remedies under Section
4.05 by the Collateral Agent shall not terminate the rights of the holders of any licenses or sublicenses theretofore granted by the Obligors in accordance with the first sentence of this clause (ii). 
  
 4.05 Events of Default, Etc. During the period during which an Event
of Default shall have occurred and be continuing: 
  
 (a) each Obligor shall, at the request of the Collateral Agent, assemble the Collateral owned by it at such place or places, reasonably convenient to the Collateral Agent and such Obligor, designated in the Collateral Agent’s request;

  
 (b) the Collateral Agent may make any
reasonable compromise or settlement deemed desirable with respect to any of the Collateral and may extend the time of payment, arrange for payment in installments, or otherwise modify the terms of, any of the Collateral; 
  
 (c) the Collateral Agent shall have all of the rights and
remedies with respect to the Collateral of a secured party under the Uniform Commercial Code (whether or not 

  

					
	 	  	Security Agreement	  	 
	 	  	- 14 -	  	 

 
the Uniform Commercial Code is in effect in the jurisdiction where the rights and remedies are asserted) and such additional rights and remedies to which a
secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted, including, without limitation, the right, to the maximum extent permitted by law, after notice in writing to the
Obligors, to exercise all voting, consensual and other powers of ownership pertaining to the Collateral as if the Collateral Agent were the sole and absolute owner thereof (and each Obligor agrees to take all such action as may be appropriate to
give effect to such right); 
  
 (d) the
Collateral Agent in its discretion may, in its name or in the name of any Obligor or otherwise, demand, sue for, collect or receive any money or property at any time payable or receivable on account of or in exchange for any of the Collateral, but
shall be under no obligation to do so; and 
  
 (e) the Collateral Agent may, upon ten Business Days’ prior written notice to the Obligors of the time and place, with respect to the Collateral or any part thereof which shall then be or shall thereafter come into the possession,
custody or control of the Collateral Agent, the holders of the Secured Obligations or any of their respective agents, sell, lease, assign or otherwise dispose of all or any part of such Collateral, at such place or places as the Collateral Agent
deems best, and for cash or for credit or for future delivery (without thereby assuming any credit risk), at public or private sale, without demand of performance or notice of intention to effect any such disposition or of the time or place thereof
(except such notice as is required above or by applicable statute and cannot be waived), and the Collateral Agent or any holder of any Secured Obligation or anyone else may be the purchaser, lessee, assignee or recipient of any or all of the
Collateral so disposed of at any public sale (or, to the extent permitted by law, at any private sale) and thereafter hold the same absolutely, free from any claim or right of whatsoever kind, including any right or equity of redemption (statutory
or otherwise), of the Obligors, any such demand, notice and right or equity being hereby expressly waived and released. In the event of any sale, assignment, or other disposition of any of the Trademarks, the goodwill connected with and symbolized
by the Trademarks subject to such disposition shall be included. The Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place
fixed for the sale, and such sale may be made at any time or place to which the sale may be so adjourned. 
  
 The proceeds of each collection, sale or other disposition under this Section 4.05, including by virtue of the exercise of the license granted to the Collateral Agent in Section 4.04(b), shall be applied in accordance
with Section 4.09. 
  
 The Obligors recognize that, by reason of
certain prohibitions contained in the Securities Act of 1933, as amended, and applicable state securities laws, the Collateral Agent may be compelled, with respect to any sale of all or any part of the Collateral, to limit purchasers to those who
will agree, among other things, to acquire the Collateral for their own account, for investment and not with a view to the distribution or resale thereof. The Obligors acknowledge that any such private sales may be at prices and on terms less
favorable than those obtainable 

  

					
	 	  	Security Agreement	  	 
	 	  	- 15 -	  	 

 
through a public sale without such restrictions, and, notwithstanding such circumstances, agree that any such private sale shall be deemed to have been made
in a commercially reasonable manner and that the Collateral Agent shall have no obligation to engage in public sales and no obligation to delay the sale of any Collateral for the period of time necessary to permit the respective issuer thereof to
register it for public sale. 
  
 4.06 Deficiency. If the
proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 4.05 are insufficient to cover the costs and expenses of such realization and the payment in full of the Secured Obligations, the Obligors shall remain
liable for any deficiency. 
  
 4.07 Locations; Names.
Without at least 10 days’ prior written notice to the Collateral Agent, no Obligor shall change its location (as defined in Section 9-307 of the Uniform Commercial Code) or change its name from the name shown as its current legal name on
Schedule 1 and shall (i) take such actions in respect thereof as is required under Section 10.01 of the Intercreditor Agreement fully to preserve the perfection and priority of the security of the Secured Parties in the Collateral hereunder and (ii)
furnish to the Collateral Agent and each Secured Party Representative, an Opinion of Counsel dated as of the date of such change, either (A) stating that, in the opinion of such counsel all action has been taken with respect to the recording,
registering, filing, re-recording, reregistering and re-filing of all supplemental instruments, agreements, financing statements, continuation statements or other instruments of further assurance as is necessary to maintain and perfect the Lien of
the Collateral Documents and reciting with respect to the security interests in the Collateral the details of such action or referring to prior Opinions of Counsel in which such detail are given or (B) stating that, in the opinion of such counsel,
no such action is necessary to preserve perfect and protect such Lien in the Collateral. 
  
 4.08 Private Sale. None of the Secured Parties shall incur any liability as a result of the sale of the Collateral, or any part thereof, at any private sale pursuant to Section 4.05 conducted in a commercially
reasonable manner. Each Obligor hereby waives any claims against any Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price which might have been obtained
at a public sale or was less than the aggregate amount of the Secured Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree. 
  
 4.09 Application of Proceeds. Except as otherwise expressly provided
herein, the proceeds of any collection, sale or other realization (including as a result of an Enforcement Action) pursuant to this Agreement of all or any part of the Collateral shall be applied and distributed as provided in Section 5.01 of the
Intercreditor Agreement. 
  
 4.10 Attorney-in-Fact. Without
limiting any rights or powers granted by this Agreement to the Collateral Agent while no Event of Default has occurred and is continuing, upon the occurrence and during the continuance of any Event of Default the Collateral Agent is hereby appointed
the attorney-in-fact of each Obligor for the purpose of carrying out the provisions of this Section 4 and taking any action and executing any instruments 

  

					
	 	  	Security Agreement	  	 
	 	  	- 16 -	  	 

 
which the Collateral Agent may reasonably deem necessary or advisable to accomplish the purposes hereof, which appointment as attorney-in-fact is irrevocable
and coupled with an interest. Without limiting the generality of the foregoing, so long as the Collateral Agent shall be entitled under this Section 4 to make collections in respect of the Collateral, the Collateral Agent shall have the right and
power to receive, endorse and collect all checks made payable to the order of any Obligor representing any dividend, payment or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same. 

 
 4.11 Perfection and Recordation. Each Obligor consents that Uniform
Commercial Code financing statements may be filed describing the Collateral as “all assets” or “all personal property” of such Obligor (provided that no such description shall be deemed to modify the description of
Collateral set forth in Section 2). 
  
 4.12 Releases;
Termination. The Liens created hereunder shall be released and terminated, and the Collateral Agent shall execute and deliver such documents and instruments at the expense of the Company as shall be requested by the Company to release the
Collateral from the Liens created hereby, in the manner and upon the satisfaction of the conditions set forth in Section 3.05 of the Intercreditor Agreement. 
  
 ARTICLE 5 
  
 MISCELLANEOUS 
  
 5.01 Notices. Except in the case of notices and other communications expressly permitted to be given by telephone, all notices and other communications provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail or sent by telecopy as follows: 
  
 (a) if to the Company or any Guarantor, to it at 901 Lakeshore Drive, Lake Charles, Louisiana 70601, Attention of Thomas G. Henning
(Telecopier No. (337) 310-3479; Telephone No. (337) 310-3421) with a copy to Cahill Gordon & Reindel LLP, at 80 Pine Street, New York, New York 10005, Attention of James Clark (Telecopier No. (212) 269-5420; Telephone No. (212) 701-3849), and
Correro Fishman Haygood Phelps Weiss Walmsley & Casteix, L.L.P., 201 St. Charles Avenue, 46th Floor, New
Orleans, Louisiana 70170, Attention of Louis Y. Fishman (Telecopier No. (504) 586-5250; Telephone No. (504) 586-5252). 
  
 (b) if to the Collateral Agent, to it at Goodwin Square, 225 Asylum Street, Hartford, CT 06103, Attention of Mr. Michael M. Hopkins
(Telecopier No. ( 860) 241-6897; Telephone No. (860) 241-6820) with a copy to Shipman & Goodwin LLP, One Constitution Plaza, Hartford, CT 06103-1919, Attention of Thomas F. Tresselt (Telecopier No. (860) 251-5314; Telephone No. (860) 251-5810)

  
 Any party hereto may change its address or telecopy number for notices and
other communications hereunder by notice to other parties hereto. All notices and other 

  

					
	 	  	Security Agreement	  	 
	 	  	- 17 -	  	 

 
communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt.

  
 5.02 No Waiver. No failure on the part of any Secured
Party to exercise, and no course of dealing with respect to, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise by any Secured Party of any right, power or
remedy hereunder preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The remedies herein are cumulative and are not exclusive of any remedies provided by law. 
  
 5.03 Amendments and Waivers. The terms of this Agreement may be
waived, altered or amended only by an instrument in writing duly executed by each Obligor and the Collateral Agent (with the consent of the applicable Secured Parties as provided in the Intercreditor Agreement). Any such amendment or waiver shall be
binging upon each Obligor and each Secured Party. 
  
 5.04
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the respective successors and assigns of each Obligor and each Secured Party; provided that no Obligor may assign, transfer or delegate any of its
rights or obligations under this Agreement without the prior written consent of the Collateral Agent. 
  
 5.05 Counterparts This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including
by facsimile), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
  
 5.06 Governing Law. This Agreement shall be governed by, and construed and interpreted in accordance with, the law of the State of New York.

  
 5.07 Captions. The captions and section headings used
in this Agreement are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 
  
 5.08 Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 
  
 5.09
Additional Obligors. Each Subsidiary of the Company that is required to become a party to this Agreement pursuant to Section 10.20 of the 2010 Indenture or the 2012 Indenture shall become an Obligor for all purposes of this Agreement upon
execution and delivery to the Collateral Agent by such Subsidiary of an Assumption Agreement in the form of Annex 1 hereto. Accordingly, upon the execution and delivery of such Assumption Agreement by any such new or acquired Subsidiary, such new or
acquired Subsidiary shall automatically and immediately, and without any further action on the part of any Person, become 

  

					
	 	  	Security Agreement	  	 
	 	  	- 18 -	  	 

 
a “Guarantor” and a “Obligor” under and for all purposes of this Agreement, and each of the Annexes hereto shall be supplemented in the
manner specified in such Assumption Agreement. 
  
 5.10 WAIVER
OF JURY TRIAL. EACH OBLIGOR HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER FIRST LIEN DOCUMENT OR SECOND LIEN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN
(WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT 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 AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
  
 5.11 Intercreditor Agreement. Article II of the Intercreditor
Agreement shall be a part of this Agreement as if each Section of such Article were stated herein. Notwithstanding anything herein to the contrary, the liens and security interests granted to the Collateral Agent pursuant to this Agreement are
subject to the provisions of the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control. 
  

					
	 	  	Security Agreement	  	 
	 	  	- 19 -	  	 

 IN WITNESS WHEREOF, each of the undersigned has caused this Security Agreement to be duly executed and
delivered as of the date first above written. 
  

			
	 US UNWIRED INC.

		
	By:	 	 /s/ Robert Piper

	 Name:
	 	 
	 Title:
	 	 
	
	 GEORGIA PCS LEASING, LLC

		
	By:	 	 GEORGIA PCS MANAGEMENT,
 L.L.C., a Georgia limited liability
 company

	 Its:
	 	 Sole Member

		
	By:	 	 LOUISIANA UNWIRED, LLC,
 a Louisiana limited liability company

	 Its:
	 	 Sole Member

		
	By:	 	 /s/ Robert Piper

	 Name:
	 	 
	 Title:
	 	 
	
	 GEORGIA PCS MANAGEMENT, L.L.C.

		
	By:	 	 LOUISIANA UNWIRED, LLC,
 a Louisiana limited liability company

	 Its:
	 	 Sole Member

		
	By:	 	 /s/ Robert Piper

	 Name:
	 	 
	 Title:
	 	 

  

					
	 	  	Security Agreement	  	 
	 	  	- 20 -	  	 

			
	LOUISIANA UNWIRED, LLC
		
	By:	 	 /s/ Robert Piper

	 Name:
	 	 
	 Title:
	 	 
	
	 TEXAS UNWIRED

	By:	 	 LOUISIANA UNWIRED, LLC

	 Its:
	 	 Managing Partner

		
	By:	 	 /s/ Thomas G. Henning

	 Name:
	 	 Thomas G. Henning

	 Title:
	 	 Secretary/Assistant Manager

	
	 UNWIRED TELECOM CORP.

		
	By:	 	 /s/ Robert Piper

	 Name:
	 	 
	 Title:
	 	 
	
	 U.S. BANK NATIONAL ASSOCIATION, as
 Collateral Agent

		
	By:	 	 /s/ Michael M. Hopkins

	 Name:
	 	 Michael M. Hopkins

	 Title:
	 	 Vice President

  

					
	 	  	Security Agreement	  	 
	 	  	- 21 -	  	 

 Schedule 1 
  

NOTICE ADDRESSES OF GUARANTORS 
  
 The address for each Guarantor is: 
  
 901 Lakeshore Drive 
 Lake Charles, Louisiana 70601 
 (337) 436-9000 
 Attention: General Counsel 
  

					
	 	  	Schedule 1 to Security Agreement	  	 
	 	  	 	  	 

 Schedule 2 
  

DESCRIPTION OF INVESTMENT PROPERTY 
  
 Pledged Equity: 
  

											
	 Issuer

	  	Obligor

	  	Percentage
Ownership

	 	 Class /
 Par Value

	  	Certificate No.

	  	Number of
Shares

	 Unwired Telecom
 Corp.
	  	US Unwired Inc.	  	100%	 	Class A
Common
Stock	  	50	  	11,250,000
						
	 Louisiana Unwired
 LLC
	  	US Unwired Inc.	  	100%	 	Class B
Membership
Units	  	12
14
18
19	  	194,682,060
40,333,088
656,236
15,406,641
						
	 Texas Unwired
	  	Louisiana
Unwired, LLC	  	80%	 	N/A	  	N/A	  	N/A
						
	 	  	US Unwired Inc.	  	20%	 	N/A	  	N/A	  	N/A
						
	 Georgia PCS
 Management, L.L.C
	  	Louisiana
Unwired, LLC	  	100%	 	N/A	  	N/A	  	N/A
						
	 Georgia PCS
 Leasing, LLC
	  	Georgia PCS
Management,
L.L.C.	  	100%	 	N/A	  	N/A	  	N/A

  
 Pledged Notes: 
  
 i. Promissory Note dated March 31,
2004 between US Unwired Inc. (Payor) and Unwired Telecom Corp. (Payee) in the amount of $56,835,850.00 bearing interest at the Federal Funds Rate plus 3.5% per annum 
  
 ii. Promissory Note dated March 31, 2004 between Louisiana Unwired, LLC (Payor) and Georgia PCS Management, L.L.C. (Payee)
in the amount of $10,112,141.02 bearing interest at the Federal Funds Rate plus 3.5% per annum 
  
 iii. Promissory Note dated March 31, 2004 between Louisiana Unwired, LLC (Payor) and US Unwired Inc. (Payee) in the amount of $110,608,721.84 bearing
interest at the Federal Funds Rate plus 3.5% per annum 
  
 iv.
Promissory Note dated March 31, 2004 between Texas Unwired (Payor) and Louisiana Unwired, LLC (Payee) in the amount of $23,460,878.07 bearing interest at the Federal Funds Rate plus 3.5% per annum 
  

					
	 	  	Schedule 2 to Security Agreement	  	 
	 	  	 	  	 

 v. Promissory Note dated October 26, 1999 between Command Connect, L.L.C. (Payor) and US Unwired Inc.
(Payee) in the amount of $100,000.00 bearing interest at the rate of 4.94% 
  
 vi. Promissory Note dated April 1, 1999 between Command Connect, L.L.C. (Payor) and US Unwired Inc. (Payee) in the amount of $748,821.24 bearing interest at the rate of 4.94% 
  
 vii. Promissory Note dated August 19, 1999 between Command Connect, L.L.C.
(Payor) and US Unwired Inc. (Payee) in the amount of $630,000.00 bearing interest at the rate of 4.94% 
  

 - 2 - 

 Schedule 3 
  

FILINGS AND OTHER ACTIONS 
 REQUIRED TO
PERFECT SECURITY INTERESTS 
  
 Uniform Commercial Code
Filings 
  
 US Unwired Inc. – the clerk of court’s office in any
parish in Louisiana except Orleans; Recorder of Mortgages office in Orleans parish. 
  
 US Unwired Inc. Transmitting Utilities Financing Statements to be filed in FL, GA, MS, AL, TX, AR, TN, LA and OK. 
  
 Louisiana Unwired, LLC – the clerk of court’s office in any parish in Louisiana except Orleans; Recorder of Mortgages Office in Orleans parish. 
  
 Louisiana Unwired, LLC Transmitting Utilities Financing Statement to be filed in FL, GA, MS,
AL, TX, AR, TN, LA and OK. 
  
 Unwired Telecom Corp.- the clerk of court’s
office in any parish in Louisiana except Orleans; Recorder of Mortgages Office in Orleans parish. 
  
 Unwired Telecom Corp.- Transmitting Utilities Financing Statement to be filed in FL, GA, MS, AL, TX, AR, TN, LA and OK. 
  
 Texas Unwired - the clerk of court’s office in any parish in Louisiana except Orleans; Recorder of Mortgages Office in Orleans parish. 
  
 Texas Unwired Transmitting Utilities Financing Statement to be filed in FL, GA, MS, AL, TX,
AR, TN, LA and OK. 
  
 Georgia PCS Management, L.L.C. – the office of the
clerk of the superior court of any county in Georgia. 
  
 Georgia PCS Management,
L.L.C. Financing Statement to be filed in FL, GA, MS, AL, TX, AR, TN, LA and OK. 
  
 Georgia PCS Leasing, LLC - the office of the clerk of the superior court of any county in Georgia. 
  
 Georgia PCS Leasing, LLC Financing Statement to be filed in FL, GA, MS, AL, TX, AR, TN, LA and OK. 
  

					
	 	  	Schedule 3 to Security Agreement 	  	 
	 	  	 	  	 

 Patent and Trademark Filings 
  
 Mark: US UNWIRED and design—Reg.# 2,203,174 and Serial # 75/183817. 
 Registered November 10, 1998 and owned by Unwired Telecom Corp. A Combined Affidavit and Declaration of Use under Section 8 and 15 was filed and accepted for this service mark on March 29, 2004. This registration will
remain in effect until November 10, 2008. 
  
 Actions with
respect to Pledged Equity 
  
 The Collateral Agent shall take possession of
the original stock certificates or membership interest certificates for the entities with certificated interests. The Collateral Agent shall file UCC financing statements with respect to the interests in non-certificated entities. 
  
 Other Actions 
  
 N/A 
  

					
	 	  	Schedule 3 to Security Agreement	  	 
	 	  	- 2 -	  	 

 Schedule 4 
  

LOCATION OF JURISDICTION OF ORGANIZATION 
  

									
	 Obligor

	  	 Type of
 Organization

	  	 Jurisdiction
of
 Organization

	  	 Address

	  	 Organizational
ID
 Number

	 US Unwired Inc.
	  	Corporation	  	LA	  	 901 Lakeshore Drive
 Lake Charles, LA
70601
	  	34842173D
					
	 Louisiana Unwired, LLC
	  	Limited Liability Co.	  	LA	  	 901 Lakeshore Drive
 Lake Charles, LA
70601
	  	34605082K
					
	 Texas Unwired
	  	Partnership	  	LA	  	 901 Lakeshore Drive
 Lake Charles, LA
70601
	  	34853879J
					
	 Unwired Telecom Corp.
	  	Corporation	  	LA	  	 901 Lakeshore Drive
 Lake Charles, LA
70601
	  	27712930D
					
	 Georgia PCS Management, L.L.C.
	  	Limited Liability Co.	  	GA	  	 901 Lakeshore Drive
 Lake Charles, LA
70601
	  	K727217
					
	 Georgia PCS Leasing, LLC
	  	Limited Liability Co.	  	GA	  	 901 Lakeshore Drive
 Lake Charles, LA
70601
	  	K910362

  

					
	 	  	Schedule 4 to Security Agreement	  	 
	 	  	 	  	 

 Schedule 5 
  

LOCATIONS OF INVENTORY AND EQUIPMENT 
  

			
	 Obligor

	  	 State

	 Louisiana Unwired, LLC
	  	FL, GA, MS, AL, TX, AR, TN, LA
		
	 Texas Unwired
	  	TX
		
	 Unwired Telecom Corp.
	  	LA
		
	 US Unwired Inc.
	  	LA
		
	 GA PCS Leasing, LLC
	  	GA

  

					
	 	  	Schedule 5 to Security Agreement	  	 
	 	  	 	  	 

 Schedule 6 
  

COPYRIGHTS AND COPYRIGHT LICENSES 
 PATENTS
AND PATENT LICENSES 
 TRADEMARKS AND TRADEMARK LICENSES 
  
 Copyrights - None 
  
 Patents - None 
  
 Trademarks – 
  
 1. Mercury Cellular and
Paging – owned by US Unwired Inc. 
 2. US Unwired Inc. – owned by Unwired Telecom Corp. 
 3. Chat Pak (state level only) – owned by Unwired Telecom Corp.  
  

					
	 	  	Schedule 6 to Security Agreement	  	 
	 	  	 	  	 

 Schedule 7 
  

LIST OF CONTRACTS, LICENSES AND OTHER AGREEMENTS 
  
 None. 
  

					
	 	  	Schedule 7 to Security Agreement	  	 
	 	  	 	  	 

 Schedule 8 
  

LIST OF COMMERCIAL TORT CLAIMS 
  
 On July 11, 2003, we filed suit in federal court in Louisiana against Sprint and Sprint PCS, and on September 25, 2003 we filed an amended complaint. The suit alleges
violations of the Racketeer Influenced and Corrupt Organizations Act, breach of fiduciary duty, breach of contract, and fraud arising out of Sprint’s conduct in its dealings with us. It seeks treble actual damages in unspecified amounts and
appointment of a receiver or fiscal agent over property and assets controlled by Sprint. On February 5, 2004, the U.S. District Court denied in all respects Sprint’s previously-filed motion for judgment on the pleadings, stating that it was
amenable to allowing us to hire an outside accounting company or other expert to monitor monies received by Sprint, and agreed with our position that certain claims are subject to trial by jury in Louisiana. On March 8, 2004, we filed our Second
Amended Complaint against Sprint to include certain additional factual allegations related to our claims, as requested by the Court’s February 5, 2004 Order. On April 8, 2004, Sprint filed its Answer, Defenses, and Counterclaim to our Second
Amended Complaint, which included a claim that we owe Sprint approximately $16.3 million related to contractual disputes between the parties. On March 25, 2004, we filed an application to appoint an outside accounting company or other expert to
monitor monies paid to Sprint from our customers. Sprint has filed an objection to our application. We anticipate that the Court will rule on our application in the coming weeks. We and Sprint also have submitted to the Court an agreed-upon schedule
to complete the discovery process during 2004 and we anticipate that the Court will rule on our application in the coming weeks. We and Sprint also have submitted to the Court an agreed-upon schedule to complete the discovery process during 2004 and
we anticipate an early 2005 trial date. 
  
 We are from time to
time involved in other litigation that we believe ordinarily accompanies the communications business. We do not believe that any of our other pending or threatened litigation will have a material adverse effect on our business or financial
situation. 
  

					
	 	  	Schedule 8 to Security Agreement	  	 
	 	  	 	  	 

 Schedule 9 
  

NEW DEBTOR EVENTS 
  
 None. 
  

					
	 	  	Schedule 9 to Security Agreement	  	 
	 	  	 	  	 

 Annex 1 to 
 Security Agreement 
  
 ASSUMPTION
AGREEMENT, dated as of                                 , 200  ,
made by
                                        
             (the “Additional Obligor”), in favor of [            ], as collateral agent (in
such capacity, the “Collateral Agent”) under the Security Agreement, dated as of [            ], 2004 between the Obligors (as defined therein) and the
Collateral Agent for the benefit of the Secured Parties referred to therein (as amended, supplemented or otherwise modified from time to time, the “Security Agreement”). All capitalized terms not defined herein shall have the
meaning ascribed to them in the Security Agreement. 
  
 W
I T N E S S E T H : 
  
 WHEREAS, the Secured Parties have made various financial accommodations (the “Financial Accommodations”) to or for the benefit of US UNWIRED INC. (“the Company”) and
various other Obligors; 
  
 WHEREAS, terms defined in the Security
Agreement are used herein as defined therein; 
  
 WHEREAS,
pursuant to the 2010 Indenture, the 2012 Indenture, the Security Agreement and various other documents from time to time governing or evidencing the Financial Accommodations, the Company and various of their Subsidiaries have agreed to guarantee
and/or pledge certain collateral to the Collateral Agent for the benefit of the Secured Parties as security for the Financial Accommodations; 
  
 WHEREAS, the Indentures and such other documents require the Additional Obligor to become a party to the Security Agreement; and 
  
 WHEREAS, the Additional Obligor has agreed to execute and deliver this
Assumption Agreement in order to become a party to the Security Agreement; 
  
 NOW, THEREFORE, IT IS AGREED: 
  
 By executing and delivering this Assumption Agreement, the Additional Obligor, as provided in Section 5.09 of the Security Agreement, hereby becomes a party to the Security Agreement as an Obligor thereunder with the same force and effect
as if originally named therein as an Obligor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of an Obligor thereunder. The information set forth in Annex 1-A hereto is hereby added to
the information set forth in the Schedules to the Security Agreement. The Additional Obligor hereby represents and warrants that each of the representations and warranties contained in Section 3 of the Security Agreement is true and correct (in
relation to such Obligor and its Collateral) on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date. 
  

					
	 	  	Annex 1 to Security Agreement	  	 
	 	  	 	  	 

 IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed and
delivered as of the date first above written. 
  

			
	[ADDITIONAL OBLIGOR]
		
	 By:
	 	 
	 	 	 Name:

	 	 	 Title:

  

					
	 	  	Annex 1 to Security Agreement	  	 
	 	  	- 2 -	  	 

 Annex 1-A to 
 Assumption Agreement 
  

					
	 	  	Annex 1-A to Annex 1 to Security Agreement	  	 
	 	  	 	  	 

 Annex 2 to 
 Security Agreement 
  
 [Form of
Intellectual Property Security Agreement] 
  
 INTELLECTUAL
PROPERTY SECURITY AGREEMENT 
  
 INTELLECTUAL PROPERTY SECURITY
AGREEMENT (the “IP Security Agreement”) dated as of June 16, 2004 between US UNWIRED INC., a corporation duly organized and validly existing under the laws of the State of Louisiana (the “Company”),
each of the Subsidiaries of the Company identified under the caption “SUBSIDIARY GUARANTORS” on the signature pages hereto (individually, a “Guarantor” and, together with the Company, individually an
“Obligor” and, collectively, the “Obligors”), and U.S. Bank National Association, as collateral agent for the Secured Parties from time to time party to the Intercreditor Agreement referred to below
(in such capacity, together with its successors in such capacity, the “Collateral Agent”). 
  
 W I T N E S S E T H : 
  
 WHEREAS, the Company, the Guarantors and U.S. Bank National Association, as trustee (the “2010 Notes Trustee”) have entered into
an indenture dated as of June 16, 2004 (as the same may be amended, supplemented, restated or otherwise modified from time to time, the “2010 Indenture”) providing for the issuance by the Company of its First Priority Senior
Secured Floating Rate Notes due 2010 (the “2010 Notes”); 
  
 WHEREAS, the Company, the Guarantors and U.S. Bank National Association, as trustee (the “2012 Notes Trustee” and, together with the 2010 Notes Trustee, the “Trustees”)
have entered into an indenture dated as of June 16, 2004 (as the same may be amended, supplemented, restated or otherwise modified from time to time, the “2012 Indenture” and, together with the 2010 Indenture, the
“Indentures”) providing for the issuance by the Company of its 10% Second Priority Senior Secured Notes due 2012 (the “2012 Notes” and, together with the 2010 Notes, the
“Notes”); 
  
 WHEREAS concurrently with
the execution and delivery hereof the Company, the Guarantors, the 2010 Notes Trustee, the 2012 Notes Trustee and the Collateral Agent are entering into an intercreditor agreement (as amended, supplemented, restated, replaced or otherwise modified
from time to time, the “Intercreditor Agreement”), providing, inter alia, for certain matters relating to the liens granted hereunder and for the liens granted hereunder for the benefit of the holders of the
2010 Notes to be senior to the liens granted hereunder for the benefit of the holders of the 2012 Notes; 
  
 WHEREAS under the terms of the Security Agreement, the Obligors have granted to the Collateral Agent for the benefit of the Secured Parties, first
priority and second priority security interests in, among other property, certain intellectual property of the Obligors, and have agreed as a condition thereof to execute this IP Security Agreement for the purposes of recording 

  

					
	 	  	Annex 2 to Security Agreement 	  	 
	 	  	 	  	 

 
the grant of the security interest in such intellectual property with the United States Patent and Trademark Office. 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Obligor agrees as follows: 
  
 SECTION 1. Grant of Security. Each Obligor hereby confirms the grant of (i) a first priority security interest in all of such Obligor’s right, title and interest in and to the trademark registrations and
applications set forth in Schedule I hereto and the right to recover for past, present and future infringements or misappropriations thereof and all other rights of any kind whatsoever accruing thereunder or pertaining thereto (collectively being
the “Collateral”) to the Collateral Agent for the benefit of the Collateral Agent and the First Lien Secured parties under the terms of the Security Agreement and (ii) a second priority security interest in the Collateral to
the Collateral Agent for the benefit of the Collateral Agent and the Second Lien Secured parties, under the terms of the Security Agreement. 
  
 SECTION 2. Security for Obligations. The grant of a security interest in the Collateral by each Obligor under the Security Agreement, as evidenced
by this IP Security Agreement, secures the payment of the Secured Obligations of each Obligor whether now existing or hereafter coming into existence. 
  
 SECTION 3. Recordation. Each Obligor authorizes and requests, that the Commissioner for Trademarks and any other applicable government officer
record this IP Security Agreement. 
  
 SECTION 4.
Counterparts. This IP Security Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument and any of the parties hereto may execute this IP Security Agreement by signing
any such counterpart. 
  
 SECTION 5. Grants, Rights and
Remedies. This IP Security Agreement has been entered into pursuant to the terms of the Security Agreement. Each Obligor does hereby, acknowledge and confirm that the grant of the security interest referenced herein to, and the rights and
remedies of the Collateral Agent with respect to the Collateral are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated herein by reference as if fully set forth herein. 
  
 SECTION 6. Governing Law. This IP Security Agreement shall be governed
by and construed in accordance with the law of the State of New York. 
  

					
	 	  	Annex 2 to Security Agreement 	  	 
	 	  	- 2 -	  	 

 IN WITNESS WHEREOF, each Obligor has caused this IP Security Agreement to be duly executed and delivered
by its officer thereunto duly authorized as of the date first above written. 
  

			
	 US UNWIRED INC.

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  

			
	 [OBLIGOR THAT OWN TRADEMARKS]

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  
 [REPEAT AS
NECESSARY] 
  

					
	 	  	Annex 2 to Security Agreement 	  	 
	 	  	- 3 -	  	 

			
	 U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent

		
	 By:
	 	 
	 	 	 Name:

	 	 	 Title:

  

					
	 	  	Annex 2 to Security Agreement 	  	 
	 	  	- 4 -	  	 

 SCHEDULE I 
 to IP Security Agreement 
  
 LIST OF TRADE NAMES, SERVICE MARKS, TRADEMARK AND 
 SERVICE MARK REGISTRATIONS AND APPLICATIONS FOR TRADEMARK

 AND SERVICE MARK REGISTRATIONS 
  

					
	Trademark	 	US P&TO Registration	 	Owner

  

					
	 	  	Schedule 1 to Annex 2 to Security Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}]]