Document:

Form of Amended and Restated Trademark License Agreement

 Exhibit 10.6 
 VIRGIN ENTERPRISES LIMITED 
 and 
 VIRGIN MOBILE USA, LLC 
  

 AMENDED AND RESTATED TRADEMARK 
 LICENSE AGREEMENT 

 CONTENTS 
  

			
	Clause	  	Page
		
	 DEFINITIONS
	  	1
		
	 ACKNOWLEDGEMENTS
	  	8
		
	 GRANT
	  	9
		
	 PAYMENT OF ROYALTIES
	  	19
		
	 CONDITIONS OF USE
	  	20
		
	 MARK PROTECTION
	  	23
		
	 DEALINGS AND SUB-LICENSING
	  	25
		
	 VEL’S WARRANTIES
	  	26
		
	 TERMINATION AND EFFECTS OF TERMINATION
	  	26
		
	 INFRINGEMENTS AND INJUNCTIVE RELIEF
	  	29
		
	 INDEMNITY
	  	31
		
	 CONFIDENTIALITY
	  	32
		
	 NOTICES
	  	32
		
	 GENERAL
	  	33
		
	 WAIVER
	  	33
		
	 MODIFICATIONS
	  	33
		
	 INVALIDITY
	  	33
		
	 ENTIRE AGREEMENT
	  	34
		
	 INDEPENDENT CONTRACTORS
	  	34
		
	 GOVERNING LAW
	  	34
		
	 COUNTERPARTS
	  	34
		
	 FURTHER ASSURANCES
	  	34
		
	 COSTS
	  	35
		
	 INSURANCE
	  	35
		
	 DISPUTE RESOLUTION
	  	35
		
	 GOVERNANCE MATTERS
	  	36
		
	 SCHEDULE 1 (TRADEMARKS)
	  	I
		
	 SCHEDULE 2 (THE SIGNATURE)
	  	II
		
	 SCHEDULE 3 (ACCESSORIES)
	  	III
		
	 SCHEDULE 4 (ADDITIONAL SITES)
	  	IV

  

 1 

			
		
	 EXHIBIT A (NONDISCLOSURE AGREEMENT)
	  	V
		
	 EXHIBIT B (TM GUIDELINES)
	  	X
		
	 EXHIBIT C (CODE OF CONDUCT)
	  	XI
		
	 EXHIBIT D (CUSTOMER SERVICE LEVELS)
	  	XII

  

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 THIS AMENDED AND RESTATED
TRADEMARK LICENSE AGREEMENT is made on [  ]     , 2007, 
 BETWEEN 
 VIRGIN ENTERPRISES LIMITED (Company Number 01073929) a company incorporated in England whose registered
office is at 120 Campden Hill Road, London W8 7AR, England (VEL); and 
 VIRGIN MOBILE USA, LLC, a Delaware limited liability company,
with a principal place of business at 10 Independence Boulevard, Warren, New Jersey 07059 whose registered office in the State of Delaware is c/o The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware
19801, United States of America (the Licensee) (VEL and the Licensee collectively the Parties and each a Party). 
 RECITAL 
 WHEREAS, VEL is the beneficial and title owner of the Marks (as defined below), and has agreed to
grant the Licensee a license to use the Marks on the terms and conditions of this Agreement; 
 WHEREAS, on October 4, 2001 the Parties
entered into a license agreement, as amended, whereby VEL granted Licensee the right to use the Marks in accordance with the terms and conditions set forth therein (the License Agreement); and 
 WHEREAS, the Parties hereto desire to enter into this Amended and Restated License Agreement to modify the rights and obligations of the Parties under
the License Agreement as set forth herein and with effect from the Commencement Date (as defined below); 
 In consideration of the mutual covenants and
agreements set forth herein, and for good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Parties hereby agree to amend the License Agreement in its entirety to read as follows: 
 DEFINITIONS 
 1.1 In this Agreement, the Recital
above and the Schedules and Exhibits to it, the following terms shall have the following meanings. 
 Accessories means those accessories
listed in Schedule 3 and any others used in conjunction with Handsets and agreed in writing between the Parties; 
 Accounting Period
means each of the annual accounting periods ending on the Annual Accounting Date during the Term and, in the case of the first such period, the period from the Commencement Date to the first Annual Accounting Date, and, in the case of the last
period, the period from the commencement of such period until close of business on the final day of the Term or the date of termination of this Agreement, whichever occurs sooner; 
 Additional Mark means any V Mark or other mark which VEL permits the Licensee to use at the Licensee’s request pursuant to Clause 3.7; 

 Additional Site means any additional domain name incorporating a Mark, including those set forth in
Schedule 4 which VEL permits the Licensee to use at the Licensee’s request pursuant to Clause 3.7; 
 Adult Content means the
provision of content and services that are specifically targeted to, and should only be able to be received by, Customers over the age of 18; 
 Adverse Change of Control means with respect to Licensee, 
  

	(a)	 	a person or group of persons (who are not Affiliates of Licensee) (individually or collectively, the Controlling Acquirer), who in one transaction or a series of
transactions, acquires, directly or indirectly, more than fifty percent (50%) of the outstanding voting securities or assets by value of Licensee or has the ability to direct the affairs of the Licensee whether by way of contract, ownership of
shares or otherwise; and 

  

	(b)	 	the Controlling Acquirer is a Direct Strategic Competitor of VEL; 

 Affiliate shall mean with respect to any person, any other person that, either directly or indirectly, through one or more agents, nominees, intermediaries, trusts, or other arrangements, whether formal or informal, controls,
is controlled by or is under common control with that person. The term “control” shall mean the possession, directly or indirectly, of the power to either (a) vote more than fifty percent (50%) of the securities having ordinary
voting power for the election of directors (or comparable positions in the case of partnerships and limited liability companies), or (b) direct or cause the direction of the management and policies of such person whether by contract or
otherwise;  
 Annual Accounting Date means 31 January save as such date may be adjusted (if in a material manner, then by
written agreement between the Parties) to avoid an Annual Accounting Date falling on a day which is not a Business Day and/or to ensure that all Annual Accounting Dates fall on the same day of the relevant week; 
 Brand Values means the following values as represented and embodied by the Virgin brand and which reflect Virgin’s position as ‘the
consumer’s champion’: (a) fun; (b) value for money; (c) quality; (d) innovative; (e) competitive challenge (to existing markets and monopolies); (f) excellent customer service; and (g) straightforward,
accessible, easy to use products and services; 
 Branded Content Services means all 
 (a) (i) text or short messaging (SMS); (ii) instant messaging (IM); (iii) multimedia messaging (MMS), including but not limited to picture messaging;
(iv) group or chat messaging services; (v) any means for the provision of an email or mobile phone number address to a Customer using the URL virginmobileUSA.com or such other email address format as may be approved in advance by VEL; and
(vi) a web subscriber address facility or other unified messaging application that allows Customers to access any or all of the foregoing messaging services, in each case to enable Customers to create, send and receive email, mobile media
and/or messages; access and save email mobile media and/or messages and group lists; search email, mobile media and/or messages, manage electronic address books, and access other services incidental thereto (Messaging Services);

  

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 (b) Customer Support Services; 
 (c) advertising supported services (i) in the form of free airtime in return for the viewing of advertising by Customers (currently offered using the Marks in the form of the Name “Virgin Mobile Sugar Mama” or under any
Additional Mark approved in advance by VEL in accordance with the provisions of Clause 3.7); or (ii) subject to the prior written approval of VEL with respect to the use of the Names, as mobile Content Services offered at free or reduced rates
in return for the inclusion of interstitial advertising (both (i) and (ii) collectively, Advertising Supported Services); 
 (d)
Value Added Services; 
 (e) graphics and wallpaper images provided that such graphics and wallpaper images shall not include any images which, in the
reasonable opinion of VEL, could be considered to be offensive, derogatory or sexually explicit; 
 (f) mobile Internet search engine services; 

(g) Customer’s calendar and contact applications, including but not limited to applications that permit sharing of calendar and contact information between
Handsets and personal computers; and 
 (h) services, and the content of services, whether created or provided by third parties, Licensee or Customers, that
involve solely the delivery of information, opinion or editorial material, including information relating to domestic and international news, movies, music, entertainment, television, radio, professional or participatory sports, leisure activities
and interests, and U.S. city-based listing services covering local events, film, television, radio and local entertainment (Information Services) 
 in each case, as provided to Customers, including location-based services related thereto, and whether transmitted in real time or not. For the avoidance of doubt, Branded Content Services shall exclude all Non-Branded Content Services;

 Breaching Party has the meaning set forth in Clause 9.2; 
 Business Day means any day (excluding Saturdays and Sundays) on which the United States Postal Service is open for business; 
 Cap has the meaning set forth in Clause 4.1; 
 Commencement Date means the earlier of the date that Licensee closes an initial public equity offering and January 1, 2008; 
 Content Services means all Branded Content Services and Non-Branded Content Services; 
 Cure Period has the meaning set forth in Clause 9.2(b)(iii); 
  

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 Customer means a customer of the Licensee who has contracted with the Licensee for the provision of Mobile
Voice and Data Services provided under and by reference to the Names; 
 Customer Support Services means all support services, including
information about Products and services, technical support, and billing assistance offered to Customers or prospective customers by the Licensee (including without limitation through call centers and through the Licensee’s Site) in relation to
the Licensed Activities; 
 Default has the meaning set forth in Clause 9.2; 
 Direct Strategic Competitor means with respect to VEL, any person which by itself or by its Affiliates: 
  

	(a)	 	generates annual revenues of US$500 million or more from telecommunication services in the financial reporting period ending immediately before the Adverse Change of Control occurs;
or 

  

	(b)	 	that is, or has an equity stake in excess of fifty percent (50%) in, one of the ten (10) largest competitors of VEL or its Affiliates in each of the commercial airline,
electronic media distribution, physical entertainment retailing, telecommunications or retail financial services industries as measured by worldwide revenues at the time the relevant transfer or change of control occurs, 

 and (i) such person’s holding companies, Affiliates or subsidiaries as of the date hereof and (ii) any other person that becomes a holding company,
Affiliate or subsidiary of any such person subsequent to the date hereof other than in connection with an Adverse Change of Control or other transaction that is not carried out as a means to evade the terms of this definition; 
 Financial Year means the financial year of the Licensee; 
 Fixed Network means a public switched telecommunications system which supports the transfer of messages between fixed locations; 
 Game Services means all video or personal computer games, online games of chance and/or skill and interactive entertainment game products; 
 Gross Sales means the total amount received by the Licensee in connection with the carrying on of the Licensed Activities; 
 Handset means a mobile device specifically designed for use by a Customer to access Mobile Voice and Data Services over which a mobile digital cellular Network is able to transmit or receive Messages
using a service for carrying such Messages by means of guided and/or unguided electromagnetic energy provided over that Network; 
 Kiosk means
any temporary, mobile cart or similar vehicle no larger than 8 feet x 12 feet in size plus the area immediately adjacent to such cart or vehicle, which is intended for use in shopping malls or similar retail environments for the sale of Products
which are branded with the Marks in the form of the Names and, for the avoidance of doubt, shall not include Retail Stores; 
  

 4 

 Internet Access means the provision of a service aimed primarily at persons within the Territory that
affords to subscribers of that service access to the Internet whether with or without other services; 
 Law
means any statute, law, ordinance, rule or regulation of any governmental entity; 
 Licensed Activities means
those activities referred to in Clauses 3.1, 3.2 and 3.3; 
 Licensee’s Site means the website located at the URL virginmobileusa.com and
any successor websites thereto or any other website approved in writing in advance by VEL from time to time; 
 mark
means a trademark, service mark or other indicator of source. 
 Marks means: 
 (a) those marks which are registered to VEL or which are or may be in the future the subject of a pending application for registration in the name of VEL, short details
of which are contained in Schedule 1; 
 (b) the Virgin Signature and the Virgin Name and any translation or transliteration thereof; and 

(c) any V Mark or other marks that VEL permits the Licensee to use pursuant to Clause 3.7; 
 (d) other applications for registration of any of the marks referred to in (a), (b) and (c) above which may be made by VEL pursuant to this Agreement and any resulting registrations; and 
 (e) common law and unregistered rights in, and trade names approved by VEL consisting of or containing, the marks referred to in (a), (b) and (c) above;

 Messages mean any sign, signal, writing image, sound, or intelligence of information of any nature submitted by wireless telecommunications;

 Mobile Voice and Data Services means voice and data radio communication services including both one-way and two-way radio communication
services conducted through a wireless Network carried on or between mobile stations and/or receivers and land stations, and between mobile stations and/or receivers communicating among themselves and the services made available to Customers over
mobile receivers; 
 Music Content Services means all radio broadcasting services, original musical works, music videos, music downloads and
sound recordings; 
 Names means the following names only, subject to Clause 3.5.1(b) below: (a) Virgin Mobile USA; (b) Virgin
Mobile; (c) VirginXL or Virgin XL; (d) VirginXtras or Virgin Xtras; (e) Virgin Alerts; (f) Virgin Mobile Sugar Mama; (g) any V Marks or further names which VEL permits the Licensee to use in writing under Clause 3.7;
(h) subject to Clause 3.2, Virgin Mobile Stash; (i) VAM; (j) Virgin2Virgin; (k) VM (solely in connection with Clause 3.1(q); and (l) the Virgin Signature in combination with the words “Mobile USA,”
“Mobile” or “Xtras”; 
  

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 Network means a system, or series of systems, that carries or is capable of carrying, communications by
means of guided and/or unguided electromagnetic energy excluding any fixed (as opposed to wireless network); 
 Non-Branded Content Services means: 
  

	(a)	 	Adult Content; 

  

	(b)	 	Social Networking Services; 

  

	(c)	 	mobile user-generated content services; 

  

	(d)	 	electronic data services and applications, Internet services and applications, electronic commerce, audio and/or visual recordings of any artistic, dramatic or literary work, film
or, broadcasts and cable programs, save to the extent that such services, applications or recordings are expressly included within the scope of the Branded Content Services; 

  

	(e)	 	dating services and personal advertisements; 

  

	(f)	 	Music Content Services; and 

  

	(g)	 	Game Services 

 in each case, as provided
to Customers; 
 PCS Services Agreement has the meaning set forth in Clause 9.3(b); 
 Products means Handsets, Accessories, Mobile Voice and Data Services, Stored Value Cards, Vouchers, provision of access to Content Services (in each case
subject to Clause 3.5), Internet Access (subject to Clause 3.5), and Roaming Services; 
 Program Agreement has the meaning set forth in Clause
3.2(c)(ii); 
 Program Manager has the meaning set forth in Clause 3.2(c)(i); 
 Proposed Manager has the meaning set forth in Clause 3.2(c)(ii); 
 Retail Activities means the sale of Products in or through (a) the physical Retail Stores or Kiosks branded and owned or managed by third parties; (b) physical Retail Stores and Kiosks branded
with the Marks in the form of the Names, provided that the Licensee shall obtain the prior written approval of VEL (in VEL’s reasonable discretion) in advance of opening any Retail Stores; and (c) the Internet, mail order or telesales,
online and all other forms of direct sales routes; 
 Retail Store means any fixed, permanent retail establishment (whether stand alone or
forming a concession within a larger retail outlet) for the sale of Products which are branded with the Marks in the form of the Names and all other fixed, permanent retail environments other than Kiosks; 
  

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 Roaming Services means services offered to Customers by the Licensee which permit Customers to use their
Handsets outside the Territory through agreements with third-party providers to access to such third party’s Mobile Voice and Data Services and Value Added Services when outside of the Territory; 
 Royalties means the payments described in Clause 4; 
 Social Networking Services means all social networking applications and services, excluding dating services and personal advertisements; 
 SPCS has the meaning set forth in Clause 9.3(b); 
 SPCS Change of Control Termination
has the meaning set forth in Clause 9.3(b); 
 Stored Value Card means a re-loadable, pre-paid debit or stored value card
to be used by Customers of Licensee for the purchase of goods and services, including Products, and allows Customers to earn points or credits redeemable for Products; 
 subsidiary and holding company shall be construed in accordance with Section 736 of the Companies Act
1985; 
 Term means the period beginning on the Commencement Date and ending December 31, 2027;

 Territory means the United States of America, the US Virgin Islands and Puerto Rico; 
 TM Guidelines means the guidelines approved by VEL in relation to the permitted form, manner and context in which the Marks may be used, as amended from
time to time; 
 V Mark means any mark that: 
  

	(a)	 	includes the letter ‘V’ as a separate element, in a form such as V-NET or V.SHOP; or 

  

	(b)	 	includes ‘V’ in a stylized form; 

 Value Added
Services means all voicemail, caller identification, directory assistance, call forwarding, conference calling and digital mobile fax services, and any other services approved by VEL from time to time, in each case provided by means of
Mobile Voice and Data Services via a Handset; 
 Virgin Entity means any of: 
  

	(a)	 	any company which has been authorised to use the Virgin Name by VEL or by any licensee of VEL from time to time; and/or 

  

	(b)	 	a company which is a direct or indirect subsidiary or holding company of VEL or a direct or indirect subsidiary of that holding company; 

 Virgin Mobile Stash Card means a Stored Value Card branded with the Marks in the form of the Name “Virgin Mobile Stash” or other Name approved in
advance by VEL; 
  

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 Virgin Name means the word “Virgin” standing alone; 

Virgin Signature means the “Virgin” signature set out in Schedule 2 and any future signature or design provided by VEL; and 

Vouchers means physical or electronic vouchers or top-up cards for the payment for usage of Mobile Voice and Data Services in the Territory. 

1.2 The Schedules and Exhibits form part of the operative provisions of this Agreement and references to this Agreement shall, unless the context otherwise
requires, include references to the schedules and exhibits. 
 1.3 For the avoidance of doubt the recitals do not form part of the operative
provisions of this Agreement. 
 1.4 The index to and the headings in this Agreement are for information only and are to be ignored in construing the
same. 
 1.5 The Parties acknowledge and agree that: 
  

	(a)	 	each of them has fully considered the language, terms and provisions of this Agreement; and 

  

	(b)	 	this Agreement has been drafted by both Parties and ambiguities in it, if any, shall not be construed against the drafter of any particular Clause. 

 ACKNOWLEDGEMENTS 
 2.1 The Licensee acknowledges
that: 
  

	(a)	 	as between the Parties, all rights in the Marks belong to VEL; 

  

	(b)	 	the Licensee shall not acquire or claim any title to any of the Marks by virtue of the rights granted to it by this Agreement or through its use of the Marks or any V Mark either
before or after the date of this Agreement; 

  

	(c)	 	the Licensee shall not at any time do or omit to do anything which is reasonably likely to prejudice VEL’s rights in the Marks; 

  

	(d)	 	all goodwill generated by use of the Marks or any V Mark by the Licensee shall at all times be deemed to have accrued to VEL; 

  

	(e)	 	any rights accrued to the Licensee through use of the Marks or any V Mark, including but not limited to any mixed brand rights shall be deemed to have accrued to VEL; and

  

	(f)	 	for the avoidance of doubt, the Licensee shall do any act, reasonably required to give effect to this Clause 2.1, and the Parties shall share equally all reasonable, out-of-pocket
expenses related thereto other than such expenses related to any infringement litigation, which shall be governed by Clauses 10.1 through 10.5. 

  

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 2.2 VEL acknowledges that the Licensee shall be free to use or register in its own name any mark other than a mark
which is (i) one of the Marks; (ii) a V Mark; (iii) confusingly similar to either; or (iv) a combination mark that contains any of the marks referred to in this Clause 2.2 as a composite mark. 
 2.3 VEL acknowledges that all goodwill generated by use or registration of a mark by the Licensee in its own name in accordance with Clause 2.2 shall at all times
be deemed to have accrued to the Licensee. 
 GRANT 
 3.1 License Grant. 
 With effect from the Commencement Date, in consideration of the Royalties and the covenants and
undertakings contained in this Agreement, and subject to the provisions of Clauses 3.4 through 3.11 herein, VEL grants to the Licensee an exclusive (even as against VEL) license to use the Marks in the form of the Names (but not the Virgin Name or
the Virgin Signature alone) in the Territory for the Term: 
  

	(a)	 	in relation to the provision of Mobile Voice and Data Services predominantly targeted to young (under 35) customers or potential customers; 

  

	(b)	 	subject to the remaining terms of this Agreement, to do all acts the doing of which falls within the exclusive rights of the proprietor of marks in the Marks in connection with the
carrying on and provision of the Licensed Activities; 

  

	(c)	 	as part of the Internet domain names for the Licensee’s Site and Additional Sites in connection with the carrying on and provision of the Licensed Activities;

  

	(d)	 	on or in relation to Handsets; 

  

	(e)	 	in relation to Retail Activities; 

  

	(f)	 	to provide Customers with access to Content Services via a Handset; 

  

	(g)	 	to provide Customers with access to Content Services via a computer or other device with a connection to the Internet, whether dial-up, fixed line, wi-fi, WiMAX, broadband or other
methods of Internet Access provided: 

  

	 	(i)	 	such access is limited to enhanced versions of the Content Services available via Handsets or is intended to support or provide information or configuration functionality for such
Content Services; and 

  

	 	(ii)	 	such access is targeted only at Customers; and 

  

	 	(iii)	 	Internet Access is not provided by the Licensee; 

  

	(h)	 	to provide Roaming Services to Customers; 

  

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	(i)	 	solely for the purposes of providing the Content Services, to provide Customers with Internet Access via a Handset using Mobile Voice and Data Services; 

  

	(j)	 	on or in relation to Vouchers and Stored Value Cards, including the Virgin Mobile Stash Card; 

  

	(k)	 	on or in relation to Accessories, provided that the Accessories are solely intended for use in conjunction with Handsets; 

  

	(l)	 	on or in relation to advertisements in any media (including without limitation, advertisements on the Internet and advertisements for the Licensee’s Site and Additional Sites),
promotional brochures, marketing and other materials in relation to the Products and the Licensed Activities or intended to increase awareness of the Names (including without limitation, on the Licensee’s Site, Additional Sites and other
websites created by or on behalf of Licensee, provided that the use of the Marks in the form of the Names in connection with such Additional Sites websites is in compliance with the terms of this Agreement); 

  

	(m)	 	on or in relation to promotional merchandise in connection with the carrying on and provision of the Licensed Activities provided that such promotional merchandise is only
distributed free of charge (but not including charges in connection with use of the Products or Licensed Activities provided by Licensee) by the Licensee and not by way of commercial or retail sale and is distributed in accordance with the terms and
conditions of this Agreement; 

  

	(n)	 	on or in relation to promotional events in relation to the Products and the Licensed Activities generally intended to increase sales of the Products or awareness of the Names,
including but not limited to parties, music festivals, concerts, tours and stunts, provided that it is acknowledged by the Parties that the relevant licensee for the Virgin Festival is currently Virgin USA Inc; 

  

	(o)	 	as part of its business, trading or registered company name (including without limitation as a stock ticker on an internationally recognized stock exchange) and to use the same on
headed note paper and other corporate materials and communications which, in the ordinary course of business, bear such company name in the Territory in accordance with the terms and conditions of this Agreement provided that when used as a
registered company name such name is always initially followed by the relevant company denotion (e.g., LLC) for the relevant type of company; 

  

	(p)	 	on or in relation to the provision of Handset replacement, recycling, insurance or repair services to Customers, provided that, for the avoidance of doubt, this shall not prevent
VEL or any other Virgin Entity from supplying or providing mobile phone insurance under the Marks, provided further that VEL shall not and shall not authorise any Virgin Entity to specifically target Customers; 

  

	(q)	 	in promoting, as part of the Mobile Voice and Data Services, the availability of automobile breakdown recovery services offered by third parties, provided that such use shall extend
to the Licensee promoting the phone number for such assistance only and the Licensee shall not use and shall not permit the Marks (in the form of the Names or otherwise) to be used by the third party provider of the breakdown recovery services; and

  

 10 

	(r)	 	on Branded Content Services, but for the avoidance of doubt, not on Non-Branded Content Services. 

 3.2 Virgin Mobile Stash Card Grant 
  

	(a)	 	With effect from the Commencement Date, in consideration of the Royalties and the covenants and undertakings contained in this Agreement, VEL grants to the Licensee a non-exclusive
license to use the Virgin Name and Virgin Signature in the form of the name “Virgin Mobile Stash” in the Territory for the Term on or in relation to the Virgin Mobile Stash Card, provided that: 

  

	 	(i)	 	the Virgin Mobile Stash Card shall be marketed only to Customers or prospective customers; 

  

	 	(ii)	 	the Virgin Mobile Stash Card shall not include any credit facility or any similar facility requiring any consumer credit license equivalent to that regulated in the UK pursuant to
the Consumer Credit Act 1974 (as amended and replaced from time to time); and 

  

	 	(iii)	 	Licensee shall not be involved in any activity with respect to the Virgin Mobile Stash Card requiring any other banking or other financial regulatory license.

  

	(b)	 	This Clause 3.2 is not intended to affect the rights of other parties to the letter agreement dated November 27, 2006 regarding the Virgin Mobile Stash Card.

  

	(c)	 	The following additional terms shall apply to the Virgin Mobile Stash Card solely to the extent that Licensee, in its sole discretion, offers the Virgin Mobile Stash Card to
Customers: 

  

	 	(i)	 	The Parties acknowledge and agree that (i) the Virgin Mobile Stash Card may also feature the Visa Network logo and the logo of NetSpend Corporation or any entity that Licensee
engages to provide the services substantially similar to those provided by NetSpend (the Program Manager) and refer to the issuing bank, which is currently Inter National Bank, N.A. and (ii) use of the Marks in connection with the
Visa Network logo and the Program Manager’s logo is hereby approved by VEL in accordance with Clause 5.4; 

  

	 	(ii)	 	 In the event that at any time following November 27, 2009, (i) VEL or any Virgin Entity proposes to enter into arrangements with an Affiliate or third
party to provide any banking services or any other retail financial products or services under the Marks in the Territory (the Proposed Manager), and (ii) the Proposed Manager desires to provide to Licensee services similar to the
services that the Program Manager provides to Licensee, then Licensee shall enter into a binding agreement with the Proposed Manager regarding such services; provided that the terms of the agreement with the Proposed Manager shall, taken as a whole,
be no 

  

 11 

	 	 
less favorable to Licensee than the terms set forth in the then-current Agreement between Licensee and Program Manager (the Program Agreement).
Licensee further agrees to act in good faith at all times in its negotiation of the terms of the agreement with the Proposed Manager and comply with VEL’s requests under this Clause as promptly as practicable; 

  

	 	(iii)	 	Licensee acknowledges and agrees that it is a condition of the rights granted under this Agreement with respect to the Virgin Mobile Stash Card that the Program Agreement (or any
equivalent or replacement agreement) shall provide Licensee with (A) termination rights sufficient to enable it to comply with this Agreement and (B) following the expiration of the Program Agreement, the right to transfer existing Virgin
Mobile Stash Card customer accounts and balances to the Proposed Manager; and 

  

	 	(iv)	 	Subject to applicable Law, Licensee’s privacy policy then in effect, and account management customer preferences, Licensee shall share relevant data relating to the Virgin
Mobile Stash Card with VEL’s licensees conducting business in the United States, and shall use commercially reasonable efforts to ensure that the Virgin Mobile Stash Card “Rewards Points” loyalty program is also made available to such
licensee(s); provided that any such licensee shall enter into a nondisclosure agreement with Licensee substantially in the form attached as Exhibit A hereto. 

 3.3 Use of Virgin Name and Virgin Signature Alone 
 With effect from the Commencement Date, in consideration of the
Royalties and the covenants and undertakings contained in this Agreement, VEL grants to the Licensee an exclusive (even as against VEL) license to use the Virgin Name and/or the Virgin Signature alone on Handsets (including on both the mobile device
and liquid crystal display of such Handsets) in the Territory for the Term, on the terms and conditions of this Agreement. 
 3.4 Limitations

  

	3.4.1	 	For the avoidance of doubt, nothing in Clauses 3.1, 3.2 and 3.3 shall prevent VEL or any of its licensees from using or licensing another person to use the Virgin Name or Virgin
Signature or any translation or transliteration thereof (but for the avoidance of doubt not the Virgin Mobile name) in the Territory in relation to: 

  

	(a)	 	promoting, selling or offering their own business, goods and/or services and/or Non-Branded Content Services with reference to the Virgin Name, via any commercial mobile radio
services network; 

  

	(b)	 	providing telecommunications services on aeroplanes to passengers whilst in transit through telecommunications equipment within such aeroplane; 

  

	(c)	 	providing transmission of programs for the public by radio broadcast services; 

  

	(d)	 	retailing Handsets or Accessories; 

  

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	(e)	 	offering Internet Access; 

  

	(f)	 	offering Content Services to Customers or members of the public at large in the Territory, including any which are accessible by a Handset; or 

  

	(g)	 	conducting, or licensing the right to conduct, any services not exclusively licensed to Licensee. 

 3.5 Limitations on use of the Marks 
  

	3.5.1	 	Except as expressly permitted by Clause 3.3, 

  

	(a)	 	nothing in this Agreement shall allow the Licensee to use the Marks in a form other than the Names or in a manner not expressly permitted by this Agreement without the prior written
consent of VEL, such consent to be requested and determined as described in Clause 3.7 below; and 

  

	(b)	 	the Licensee shall not use the names “VirginXL” or “Virgin XL” and “VirginXtras” or “Virgin Xtras”, “Virgin2Virgin” and
“Virgin Alerts” in any manner other than (i) in the liquid crystal display screens of Handsets; or (ii) in conjunction with and in moderate proximity to the “Virgin Mobile” name and/or logo. 

  

	3.5.2	 	The Licensee undertakes that 

  

	(a)	 	subject to Clauses 3.5.2(b) and 3.5.2(c), for as long as: 

  

	 	(i)	 	this Agreement is effective; and 

  

	 	(ii)	 	Licensee provides the Mobile Voice and Data Services in the Territory, it shall continue to conduct and promote its Mobile Voice and Data Services under the Names;

  

	(b)	 	if Licensee acquires a business that conducts Mobile Voice and Data Services predominantly targeted at a market not materially different from Licensee’s target market (i.e.,
young (under 35) customers or potential customers), Licensee shall, unless agreed otherwise by the Parties, take commercially reasonable steps necessary to ensure that any brands or marks used in connection with such acquired business prior to the
acquisition by Licensee are replaced with the Names within a maximum of two (2) years of the completion of such acquisition by the Licensee; and 

  

	(c)	 	if Licensee acquires a business that conducts Mobile Voice and Data Services predominantly targeted at a market materially different from Licensee’s target market (i.e., young
(under 35) customers or potential customers) Licensee shall not be obliged to replace such brands or marks used in connection with such acquired business with the Names. 

  

 13 

	3.5.3	 	For the avoidance of doubt, Licensee shall not be prohibited from providing services other than Mobile Voice and Data Services and Content Services using a mark other than the
Names. 

  

	3.5.4	 	(a) The Licensee recognises that Internet coverage is world-wide and agrees that the Licensed Activities shall be specifically targeted at persons within the Territory only and
that, subject to Clause 3.5.4(b) below, the Licensee shall not use the Marks in any form in relation to any of the Licensed Activities outside the Territory. For the avoidance of doubt, provided that Licensee is otherwise complying with the
provisions of this Clause 3.5.4, it shall not be a breach of this Agreement by Licensee if the Licensee’s Site or Additional Sites are accessed by individuals outside of the Territory; 

  

	(b)	 	Nothing in this Clause shall prevent the Licensee from using the Marks in the form of the Names (i) outside the Territory for the provision of Roaming Services (but only to the
extent necessary to support the Roaming Services) to Customers of the Licensee whose home Network is in the Territory; or (ii) on the Internet in a manner expressly authorised by this Agreement; and 

  

	(c)	 	The Licensee acknowledges and undertakes that it shall not use the Marks or the Names in connection with the provision of Internet Access by any means other than that expressly
authorised by this Agreement. 

  

	3.5.5	 	The Licensee acknowledges and undertakes that it shall not use the Marks or the Names in connection with providing any fixed non-mobile telecommunication services utilizing metal,
fiber-optic or radio relay media. For the avoidance of doubt, where in relation to the provision of Mobile Voice and Data Services, the Licensee in the ordinary course of its business conveys the message over a Fixed Network or interconnects with,
or provides interconnection services to or receives interconnection services from any third party which are conveyed over a Fixed Network, such interconnection shall not be considered to be a provision of fixed telecommunication services for the
purposes of this Clause. 

  

	3.5.6	 	The Licensee shall not use the Marks or the Names (including on invoices, marketing publications or other materials) in a manner so as to create an impression that it is itself the
manufacturer, developer, creator or (otherwise than as intermediary or conduit) supplier of Non-Branded Content Services. 

  

	3.5.7	 	For the avoidance of doubt, the Licensee shall not have the right to use the Marks in relation to the provision of Internet Access other than via the Handsets.

  

	3.5.8	 	The Licensee shall not be entitled to manufacture Handsets and/or Accessories itself but shall be entitled to use reputable sub-contractors to do so on its behalf provided that:

  

	(a)	 	the use of such sub-contractors complies with the obligations in Clause 7; 

  

	(b)	 	the Handsets and/or Accessories comply with the quality control provisions contained in this Agreement, including, but not limited to, the provisions of Clause 5.3; and

  

 14 

	(c)	 	the Handsets and/or Accessories are manufactured for and intended to be used exclusively by Customers in the course of the Licensee’s carrying out of the Licensed Activities.

 3.6 No Use of Similar Names 
  

	3.6.1	 	Subject to Clauses 3.8 and 3.10, VEL undertakes not to license, use or permit any Affiliate or third party to use any of the names: 

  

	(a)	 	Virgin Mobile, Virgin Mobile USA, Virgin Mobile Stash, Virgin Mobile Sugar Mama, Virgin Extras, Virgin Xtras or names or marks confusingly similar thereto (but not including the
Virgin Name or Virgin Signature) on or in relation to any goods or services in the Territory; and 

  

	(b)	 	Virgin XL or names or marks confusingly similar thereto (but not including the Virgin Name or Virgin Signature) on or in relation to any telecommunication or mobile content
services, including without limitation, Content Services. 

 For the avoidance of doubt, it shall not be a breach by VEL of this Agreement if
an unrelated third party imports Handsets bearing the Virgin Mobile name, Virgin Name or Virgin Signature into the Territory through distribution channels other than those authorized or intended by VEL or any Virgin Entity, provided that VEL is
otherwise in compliance with Clause 6.1 hereunder. 
  

	3.6.2	 	The Licensee shall not use the names “Virgin Extras”, “Virgin Xtras” and “VirginXL” in any manner other than: 

  

	(a)	 	in the liquid crystal display screens of Handsets; or 

  

	(b)	 	in conjunction with and in close proximity to the Virgin Mobile name and/or logo. 

 3.7 Use of Additional Marks and Additional Sites 
  

	(a)	 	If the Licensee wishes to use: 

  

	 	(i)	 	any V Mark; 

  

	 	(ii)	 	any mark incorporating the word “Virgin” or a V Mark that is used outside of the Territory by a Virgin Entity engaged in the provision of Mobile Voice and Data Services
outside of the Territory; 

  

	 	(iii)	 	any mark consisting of the Virgin Name or the Virgin Signature in combination with additional elements as a composite mark that is not a Name and not otherwise previously approved
in writing by VEL; or 

  

	 	(iv)	 	the Virgin Name alone or Virgin Signature alone, in each case without additional elements, 

  

 15 

 in each case, other than the use of the Names as permitted by this Agreement, it shall notify VEL and seek VEL’s
consent in accordance with this Clause 3.7(a) prior to commencing use of the relevant mark. If VEL consents in VEL’s discretion (which VEL shall exercise reasonably, except in relation to a request under a Clause 3.7(a)(iv), in which case VEL
may withhold its consent at its absolute discretion)) to the proposed use by the Licensee, it shall grant the Licensee by written notice to the Licensee a license to use the relevant mark on the terms and conditions applicable to Marks under this
Agreement and the relevant mark shall, from the date of that grant, be deemed to be a Mark and a Name for the purposes of this Agreement; 
  

	(b)	 	If the Licensee wishes to use a URL containing any V Mark or the Virgin Name, in each case, other than the use of the Licensee’s Site as permitted by this Agreement, it shall
notify VEL and seek VEL’s consent in accordance with this Clause 3.7(b). If VEL consents in VEL’s discretion (which VEL shall exercise reasonably) to the proposed use by the Licensee, it shall register such URL on behalf of Licensee and
grant the Licensee by written notice to the Licensee a license to use the relevant URL on the terms and conditions applicable to Additional Sites under this Agreement and the relevant URL shall, from the date of that grant, be deemed to be an
Additional Site for the purposes of this Agreement; 

  

	(c)	 	If VEL withholds its consent pursuant to Clauses 3.7(a) and (b) above, it will explain in writing in reasonable detail the basis for its decision. If VEL fails to provide
written notice of its decision within thirty (30) days of the request, the request will be deemed approved for purposes of this Clause. If VEL and Licensee do not agree with respect to any such issue, either Party may escalate the matter as
provided in Clause 14.11; 

  

	(d)	 	All costs relating to the registration and renewal of an Additional Mark or an Additional Site in accordance with this Clause 3.7 shall be borne equally by the Parties; and

  

	(e)	 	The creation of any new design logos solely incorporating the Marks or the name “Virgin Mobile” shall be the responsibility of VEL or any party nominated by VEL, provided
that the Licensee shall give VEL at least two (2) months prior notice of its requirement for such a logo, and further provided that VEL shall consult with and liaise with the Licensee during the creation of such logos unless there are
legitimate reasons (in VEL’s reasonable opinion) why VEL should not do so. In certain circumstances, VEL may delegate the creation of such logos to the Licensee provided that such logos shall comply with the TM Guidelines and the Licensee shall
not make use of any such logos (including but not limited to use on headed note paper, business cards and any advertising, marketing or promotional purposes) unless VEL has given its prior written approval to the use of such logos (in its absolute
discretion). This Clause 3.7(e) shall also apply in the case of any use of the Marks in relation to any co-branding of the Marks with the marks of any third party and which is otherwise permitted under this Agreement. 

 3.8 Use on Internet and Similar Media 
 The Licensee acknowledges and agrees that: 
  

	(a)	 	the homepage of the website with the URL virginmobile.com (or any successor thereto or other website owned by VEL and using “virginmobile” with a different gTLD) shall,
unless the Parties agree otherwise, contain a directory of and a hyperlink to the Licensee’s Site and to all licensees to whom VEL has granted rights to use the name “Virgin Mobile” in relation to the Licensed Activities within and
outside the Territory; 

  

 16 

	(b)	 	the management, operation and content of the website with the URL virginmobile.com will be determined by VEL in consultation with the Licensee and the other licensees referred to in
Clause 3.8(a); 

  

	(c)	 	VEL has granted and may continue to grant rights to use the Names (other than “Virgin Mobile USA”) to third parties in relation to the Licensed Activities outside the
Territory, including on the Internet or using other forms of technology and media developed in the future that are by their nature accessible worldwide, in a manner such that those Names may be accessible to persons within the Territory, but VEL
will not allow such entities or future licensees to, and will not itself, specifically target customers for the Licensed Activities residing within the Territory; 

  

	(d)	 	the grant of the rights referred to in Clause 3.8(c) shall not be a breach of VEL’s obligations under this Agreement; and 

  

	(e)	 	a page of the Licensee’s Site shall include a hypertext link to virginmobile.com; provided that the Licensee shall have sole discretion regarding the placement and design of
such link. 

 3.9 Websites and Hypertext Links 
 VEL acknowledges and agrees that: 
  

	(a)	 	the Licensee shall not be required to provide a hypertext link from the Licensee’s Site to any other licensee of VEL; 

  

	(b)	 	the homepage of the website with the URL virginmobile.com (or any successor thereto or other website owned by VEL and using “virginmobile” with a different gTLD) shall,
unless the Parties agree otherwise, be a directory of all licensees to whom VEL has granted rights to use the name “Virgin Mobile” in relation to the Licensed Activities within and outside the Territory, and such homepage shall have a
hypertext link on all such websites to the Licensee’s Site that is no less prominent in all material respects than any other link to any other mobile service provider using the name “Virgin Mobile”; and 

  

	(c)	 	once the link to the Licensee’s Site described in Clause 3.9(b) above is selected, the Licensee may configure the Licensee’s Site so that it permits a user of the website,
if the user consents, to configure his or her Internet browser so that it defaults to the Licensee’s Site each time that browser accesses the URL virginmobile.com. 

  

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 3.10 Customer and Roaming Services within the Territory 
 The Licensee acknowledges that third parties licensed by VEL to use the Names outside the Territory may use the Names (other than “Virgin Mobile USA”) in the
Territory (including without limitation, on a Handset or Handset display and in accordance with the provisions of Clause 3.8(c)) to provide services equivalent to the Roaming Services and Customer Support Services to their customers while such
customers are in the Territory; provided that (i) such customers receiving such roaming services are normally resident outside of the Territory; and (ii) such licensees shall not advertise in the Territory. 
 3.11 Customer Service Levels 
  

	3.11.1	 	The Licensee agrees to use commercially reasonable efforts to: 

 (a) ensure
that its level of customer service and complaint handling reflect the Brand Values and a high standard of customer care, including but not limited to complying with the Customer Service Levels set forth in Exhibit D, or such other service
levels as may be agreed by the Parties in writing from time to time; and 
 (b) conduct the Licensed Activities in accordance with honest and ethical
business practices at all times whether dealing with employees, the public, the business community, shareholders, customers, suppliers, competitors, governmental and regulatory bodies or otherwise, consistent with the Licensee’s Code of Conduct
attached as Exhibit C, as Licensee may reasonably amend from time to time. 
 3.11.2 The Licensee agrees to provide customer satisfaction and
complaints reports to VEL or a party nominated by VEL in the form of the Benchmarking Template and at the times referred to in Exhibit D. 
 3.11.3 In
the event that VEL believes in its reasonable discretion that Licensee is not in compliance with the Customer Service Levels set out in Exhibit D, VEL shall so notify Licensee in writing. Licensee shall provide to VEL an explanation in
writing of the reasons for such failure to comply with such Customer Service Levels within twenty (20) Business Days of such notification by VEL and shall use commercially reasonable efforts to remedy such failures as soon as reasonably
practicable. 
 3.11.4 In the event that VEL believes in its reasonable discretion that Licensee has not been able to demonstrate to VEL that it has taken
reasonable steps necessary to remedy the failures identified by VEL pursuant to Clause 3.11.3 within ninety (90) days of VEL’s notification provided pursuant to Clause 3.11.3, VEL shall so notify Licensee in writing. Licensee shall provide
to VEL an action plan detailing how it plans to remedy such failures within twenty (20) Business Days of such notification by VEL. VEL shall consider such action plan and within twenty (20) Business Days shall (acting reasonably) indicate
in writing to Licensee whether it agrees with such proposed action plan or whether it would like to see any modifications made to such action plan. Once an action plan has been agreed by the Parties following discussion in good faith, the Licensee
shall use its commercially reasonable efforts to implement such action plan as soon as reasonably practicable. 
 3.11.5 If, after an action plan is
implemented pursuant to Clause 3.11.4, VEL believes in its reasonable discretion that Licensee has not been able to demonstrate to VEL that it has taken 

  

 18 

 
sufficient steps to remedy any failures to meet the Customer Service Levels within ninety (90) days of an action plan being agreed by the Parties
pursuant to Clause 3.11.4, VEL shall so notify Licensee in writing that the matter shall be escalated to the members of the senior management teams of VEL and Licensee for resolution. The members of the senior management teams of VEL and Licensee
shall use their reasonable endeavors to meet within ten (10) Business Days of VEL’s notification provided pursuant to this Clause 3.11.5. 
 3.11.6
If the senior management teams of VEL and Licensee are unable to resolve a matter referred to them pursuant to Clause 3.11.5 within twenty (20) Business Days of the date on which the senior management team meet (pursuant to Clause 3.11.5), VEL
shall have the right to serve a notice of termination on Licensee in accordance with Clause 9.2(b)(iii). 
 PAYMENT OF
ROYALTIES 
 4.1 The Licensee agrees to pay VEL continuing Royalties which, for any one Financial Year (and pro rata for parts
thereof), shall be 0.25% of Gross Sales during that Financial Year, and subject to Clause 4.7, up to a maximum of USD 4,000,000 (four million United States dollars) in any one Financial Year (the Cap). The Licensee shall pay the amount
payable under this Clause in respect of each quarter within ten (10) Business Days of the end of each quarter and in the manner nominated by VEL. 
 4.2 The Licensee shall supply to VEL: 
  

	(a)	 	a monthly statement of the Licensee’s Gross Sales within five (5) Business Days of the end of each quarter of the applicable Financial Year; 

  

	(b)	 	a statement showing Gross Sales for each Accounting Period of the Licensee within one (1) month after the end of such period certified by a qualified auditor approved by VEL;

  

	(c)	 	a balance sheet and profit and loss account showing the true position of the business of the Licensee for each Financial Year during the Term and for the Financial Year first
expiring after the expiration or termination of this Agreement after the end of the relevant Financial Year certified by a qualified auditor approved by VEL; and 

  

	(d)	 	any other information relating to the financial position of the Licensee as may be reasonably requested by VEL during the Term of this Agreement. 

 4.3 If the Gross Sales certified by the auditors of the Licensee in the statement provided pursuant to Clause 4.2(b) multiplied by the continuing royalty rate as
set out in Clause 4.1 exceeds the amount paid to VEL by the Licensee pursuant to Clause 4.1 for the Accounting Period, the Licensee shall pay such excess to VEL, such payment to accompany the statement. 
 4.4 If the Gross Sales certified by the auditors of the Licensee in the statement provided pursuant to Clause 4.2(b) multiplied by the continuing royalty rate as
set out in Clause 4.1 is less than the amount paid to VEL by the Licensee pursuant to Clause 4.1 for the Accounting Period, VEL agrees to refund the amount of such deficiency to the Licensee within thirty (30) days of the receipt of such
statement by VEL. 
  

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 4.5 Any obligation to make a payment under this Agreement has been expressed exclusive of any federal, state,
local or other governmental value added, sales or similar tax. If such tax is chargeable under this Agreement, any payments due to VEL hereunder shall be increased to include an amount equal to such tax. 
 4.6 In the event of any payment to be made by the Licensee under this Agreement not being received by VEL on or before the date of payment, VEL shall be entitled
to charge interest on such payment at the rate of four (4) percent per annum above the base rate of Lloyds TSB Bank PLC from the due date for payment to the date when payment is actually received (both before and after any court judgment).

 4.7 Beginning on January 1, 2008, the Parties shall make annual adjustments for inflation to the Cap equal to the change in the United States
Department of Labor Consumer Price Index (set forth at http://www.bls.gov/cpi/) from January 1 of one Financial Year of the Agreement to the following January 1, calculated as of January 1. All such calculations shall be made within
thirty (30) days of the date that such information is released by the United States Department of Labor and adjustments to the Cap shall be applicable for the following Financial Year. 
 CONDITIONS OF USE 
 5.1 The Licensee hereby undertakes that it shall use the Marks at all times only in accordance with the TM Guidelines in effect from time to time, a current copy of which is included as Exhibit B to this Agreement. In the
event of any inconsistency between the terms of this Agreement and the TM Guidelines, the provisions of this Agreement shall prevail. VEL agrees that the TM Guidelines provided to the Licensee shall be no more stringent than similar guidelines
regarding the use of the Virgin Name, Virgin Signature and other marks, including the Marks, that VEL requires its other licensees to comply with. For the avoidance of doubt, the Licensee shall be permitted to develop and utilize its own brand usage
guidelines specific to its business to the extent that such guidelines are supplemental to and not inconsistent with the TM Guidelines. 
 5.2 The
Licensee hereby undertakes that it shall not register or apply to register any of the Marks or any V Mark or any confusingly similar marks as the whole or part of any domain name, electronic mail address, mark or otherwise without the prior written
consent of VEL. The Additional Sites set forth on Schedule 4 are hereby approved in accordance with this Clause 5.2. 
 5.3 The Licensee
acknowledges that the value and reputation of the Marks are such that they denote high quality status and agrees to ensure that the goods and services to which the Marks are applied are of a style, appearance and quality so as to maintain the
reputation of the Marks. 
 5.4 The Licensee further undertakes to comply with the following conditions of use: 
  

	(a)	 	subject to the remaining provisions of this Clause, the Licensee shall submit designs for any printed materials using the Marks to VEL for approval as to the manner and context of
the intended use of the Marks except in so far as (i) the materials comply with the TM Guidelines or (ii) have been previously approved. The Licensee shall not make use of any such design or advertising, marketing or promotional materials
incorporating such designs for the purpose of the Licensed Activities unless VEL has given its prior written approval (exercising its discretion reasonably) to the use of such materials as required by this Clause 5.4(a); 

  

 20 

	(b)	 	if, in VEL’s reasonable opinion, any advertising or promotional material in which any of the Marks are used does not comply with this Agreement or the TM Guidelines, it may
reject such materials and shall explain in writing in reasonable detail the basis for its decision. Provided that it has taken into consideration VEL’s comments and reasons for the rejection of any materials, Licensee may revise and resubmit
any materials rejected by VEL in accordance with this Clause 5.4; 

  

	(c)	 	where VEL has not sent (by courier, post, email or fax) to the Licensee at its then usual business or email address a written response in relation to the designs submitted by the
Licensee within five (5) Business Days of receipt of such materials, VEL shall be deemed to have approved the designs for the purposes of this Clause; 

  

	(d)	 	the Licensee’s use of the Marks (including without limitation, the shape, color and design of all Products and advertising and promotional material on or in which the Marks
appear) shall comply at all times with the TM Guidelines or be in such other form as may from time to time be reasonably approved in advance in writing by VEL; 

  

	(e)	 	if, in VEL’s reasonable opinion, any advertising or promotional material in which any of the Marks are used does not comply with this Agreement or the TM Guidelines and remains
non-complaint for a period of seven (7) Business Days of receipt of reasonably detailed notice from VEL of the non-compliance, the Licensee must withdraw or use commercially reasonable efforts to procure the withdrawal of all such advertising
and/or promotional materials; 

  

	(f)	 	where reasonably practicable and at the reasonable request of VEL, the Licensee shall display a statement in the following terms: 

 “VIRGIN and the Virgin Signature logo are registered trademarks of Virgin Enterprises Limited and are used under license.”; 
  

	(g)	 	the Marks may not be used in combination with any other marks, names, words, logos, symbols or devices (except as specified in this Agreement) without the prior written consent of
VEL (at its absolute discretion); 

  

	(h)	 	the Marks shall not be used in any manner which would materially damage the reputation of the Marks; 

  

	(i)	 	the Licensee shall promptly provide VEL with details of all material complaints made by Customers, distributors, retailers and/or members of the public relating to any Products sold
under the Marks and/or the Licensed Activities conducted under the Marks which the Licensee, in the exercise of its reasonable discretion, reasonably believes are capable of having an adverse effect upon the goodwill attending the Marks and/or the
goodwill otherwise associated with the businesses of other Virgin licensees, together with reports on the resolution of such complaints and shall comply with any reasonable directions or recommendations given by VEL in respect thereof;

  

 21 

	(j)	 	the Licensee shall obtain and comply with all necessary consents, licenses and authorisations and all other required formalities, and comply with all applicable Laws in force within
the Territory (including without limitation the Economic Espionage Act of 1996 and applicable laws regarding the protection of intellectual property rights), in connection with the exercise of the Licensee’s rights granted by this Agreement and
is under an obligation to notify VEL if it becomes aware of any changes or possible changes in legislation, regulations, policy or procedures which reasonably may adversely affect the ability of the Licensee to carry on its business or use the
Marks; and 

  

	(k)	 	the Licensee shall use commercially reasonable efforts to comply with its contractual obligations including but not limited to banking covenants. 

 5.5 During the Term the Licensee shall not use without VEL’s prior consent (as described in Clause 3.7): 
  

	(a)	 	any marks which are confusingly similar to but not identical with the Marks or which otherwise incorporate the Virgin Name, or any V Mark, in relation to the Licensed Activities; or

  

	(b)	 	the Marks, any marks which are confusingly similar to but not identical with the Marks or which otherwise incorporate the Virgin Name, or any V Mark, in relation to any activities
other than the Licensed Activities. 

 5.6 In order to ensure that the Licensee is complying with the obligations under this Agreement,
the Licensee shall permit and facilitate review by VEL of Licensee’s uses of the Marks, including, upon the reasonable written request of VEL: 
  

	(a)	 	providing reasonable quantities of samples of any materials, including Products and all advertising, marketing and promotional materials bearing the Marks used in connection with
the Licensed Activities prior to or in the course of their installation, sale or distribution (such samples to be provided at VEL’s cost); 

  

	(b)	 	providing VEL as soon as practicable with particulars of proposed advertising campaigns bearing the Marks used in connection with the Licensed Activities; 

 

	(c)	 	providing VEL with details of any material claims, litigation, arbitration or administrative proceedings, investigations or enquiries which are in progress or threatened in writing
against the Licensee concerning the provision of the Licensed Activities; 

  

	(d)	 	meeting with VEL at least once in each calendar year at the Licensee’s offices at VEL’s expense in order to review the exercise of the Licensee’s rights granted by
this Agreement; and 

  

	(e)	 	not more than once per Financial Year (unless reasonably justified under the circumstances) permitting VEL (or its nominated representative) upon reasonable notice during business
hours to enter the Licensee’s premises to assess whether the Licensee is complying with the obligations under the terms of this Agreement, provided that any confidential material viewed by VEL is subject to the terms of Clause 12 herein.

  

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 5.7 If at any time the Licensee fails to comply with the conditions of use or standards of quality and
presentation set out in this Clause 5, VEL may direct the Licensee (in writing) to take such steps as may be necessary to ensure compliance which will, if such steps are taken to the reasonable satisfaction of VEL, remedy such breach without
prejudice to the Licensee’s liability to VEL in respect of any damages or other claims which may have arisen as a result of such breach. If VEL and Licensee do not agree with respect to any such issue, either Party may escalate the matter as
provided in Clause 14.11. 
 5.8 Licensee shall not solicit for employment any employee of VEL or a Virgin Entity without the consent of VEL;
provided, however, that this Clause 5.8 shall not preclude Licensee from interviewing, discussing terms of employment with or hiring an employee of VEL or any Virgin Entity that responds to any generalized search by Licensee for employees through
media advertisements, employee search firms or otherwise. 
 5.9 The Licensee recognises that it is part of a group of companies and businesses
licensed by VEL to use the Marks and agrees that it shall use its commercially reasonable efforts to participate in certain mutually beneficial group activities and initiatives including, but not limited to, charitable initiatives and activities,
corporate social responsibility, procurement initiatives, marketing forums, group wide and inter company promotions and cross selling activities as may be mutually agreed from time to time. 
 MARK PROTECTION 
 6.1 VEL
undertakes: 
  

	(a)	 	to prosecute registration of and maintain in good standing the Marks (other than any Additional Marks); 

  

	(b)	 	at the Licensee’s reasonable request, to file applications for, prosecute registration of and, upon grant, maintain in good standing any Additional Marks, subject to
(i) VEL’s consent to the use of such Additional Mark pursuant to Clause 3.7 and (ii) the availability of such Additional Marks for registration in the name of VEL and the uses by the Licensee for which consent is given;

  

	(c)	 	to take all necessary steps to defend its rights and those of Licensee against infringement of the Marks by third persons in accordance with Clause 10.2, provided that the Licensee
acknowledges that those of the Marks including the Virgin Name may be considered descriptive in some circumstances in the US Virgin Islands, and that VEL may not be able to prevent third parties using those Marks in the US Virgin Islands in those
circumstances; and 

  

	(d)	 	subject to the provisions of Clause 6.6, to use commercially reasonable efforts in its prosecution or defense of any matter regarding infringement of the Marks to avoid limiting or
otherwise harming Licensee’s rights hereunder, and to provide Licensee with prior notice of any settlement which would adversely affect Licensee’s rights hereunder. 

 6.2 The Licensee and VEL each undertake that they shall, at the other’s request and at the Licensee’s expense, execute or procure the execution
(including by any of the other Licensees) 

  

 23 

 
of any document which may be necessary to allow recordal of the rights granted to the Licensee by this Agreement and the corresponding cancellation of such
recordal on the expiration or termination of this Agreement, for whatever reason. 
 6.3 The Licensee shall not: 
  

	(a)	 	seek any registration of any mark, copyright or analogous right which is identical with or confusingly similar to any of the Marks or a V Mark or a mark which otherwise incorporates
the Virgin Name (or any transliteration or translation thereof) in any country in the world; or 

  

	(b)	 	challenge the validity or VEL’s ownership of the Marks or any registrations for them. 

 6.4 Subject to Clause 6.1, VEL shall take all steps reasonably necessary to ensure that the registrations of the Marks cover (and, if applicable, are extended to cover) the scope of the Licensed Activities in
the Territory to the extent that registrations are available in the Territory and as the Licensee may reasonably request or as VEL reasonably considers is necessary to protect the value, reputation and/or goodwill associated with the Marks. All
costs related to the foregoing shall be shared equally by the Parties. 
 6.5 The Licensee shall, at the request of VEL and at VEL’s cost,
provide full assistance in connection with the protection and maintenance by VEL of its rights in and to the Marks in the Territory as VEL may from time to time in its reasonable discretion determine necessary. 
 6.6 The Licensee shall immediately stop using, or as VEL may direct, modify the use of, any Marks in relation to any part or parts of the Licensed Activities on
receipt of written notice from VEL notifying the Licensee that: 
  

	(a)	 	in the case of a Mark other than a V Mark, such use has been finally and definitively determined by a court of competent jurisdiction to infringe upon the intellectual property
rights of a third party; and 

  

	(b)	 	in the case of a V Mark, such use infringes or is reasonably likely to infringe the intellectual property rights of a third party and VEL gives the Licensee full details of the
alleged infringement, together with a written opinion from a competent legal counsel (approved by the Licensee, such approval not to be unreasonably withheld) to the effect that such use constitutes, or is reasonably likely to constitute, an
infringement of the intellectual property rights of a third party; 

 provided in each case that: 
  

	(c)	 	VEL shall permit the Licensee to recommence use of the Marks if, and as soon as reasonably practicable after, VEL settles the matter with the third party with the effect that use by
the Licensee is permitted or would no longer amount to an infringement of such third party’s rights; and 

  

	(d)	 	 the Licensee’s obligation to pay Royalties in respect of its use of the Marks shall be suspended during the period that it is required by VEL under this Clause
6.6 to stop using 

  

 24 

	 	 
the Virgin Name or the Virgin Signature and Licensee may sue VEL to recover any damages it may have suffered as a result of its ceasing to use the Virgin
Name or the Virgin Signature (where that use would otherwise be permitted by this Agreement) at VEL’s direction pursuant to this Clause 6.6. 

 DEALINGS AND SUB-LICENSING 
 7.1 The rights granted under this Agreement
are personal to the Licensee and the Licensee shall not delegate, sub-license, assign, mortgage, charge or encumber with a security interest any of those rights to any third party without the prior written consent of VEL (which may be withheld for
any reason), except 
  

	(a)	 	as permitted by Clause 7.2; 

  

	(b)	 	to an Affiliate; 

  

	(c)	 	other than with respect to any transaction that, if completed according to its terms would constitute an Adverse Change of Control and that VEL has elected to terminate in
accordance with Clause 9.3, to any successor of the Licensee by way of merger, consolidation or the acquisition of all or substantially all of the business and assets of Licensee relating to this Agreement; 

  

	(d)	 	to any successor of the Licensee in connection with a reorganization relating to an initial public equity offering of the Licensee, provided that such reorganization shall take
place within no more than ninety (90) days of such initial public equity offering of the Licensee; or 

  

	(e)	 	granting a sub-license to retailers in the ordinary course of business solely for use in connection with an agreement regarding distribution of Licensee’s products and
services. 

 In the event of any assignment by the Licensee in accordance with this Clause 7.1, the Licensee shall procure the execution by the
transferee of a novation agreement with VEL so as to give effect to the transfer and to bind the transferee to all provisions of this Agreement. 
 7.2
The Licensee may sub-license its rights under this Agreement to the extent necessary to allow the Licensee to sub-contract to a manufacturer, retailer, printer or other person requiring a license in connection with the conduct of the
Licensee’s business any part of the operations required to facilitate the conduct of the Licensed Activities or the provision of Products, provided that: 
  

	(a)	 	on VEL’s written request, the Licensee gives written notice to VEL of any sub-license it has entered into; 

  

	(b)	 	the sub-license shall be in writing on terms and conditions no less onerous than those imposed on the Licensee by this Agreement; 

  

	(c)	 	the sub-licensee shall not have the right to sub-license its rights under the sub-license to any third party; 

  

 25 

	(d)	 	the permission to grant sub-licenses (and all sub-licenses granted) under this Clause shall terminate automatically on termination or expiration of this Agreement;

  

	(e)	 	the Licensee shall be liable for all acts and omissions of its sub-licensees, which shall be deemed to be the acts and omissions of the Licensee for the purposes of this Agreement;

  

	(f)	 	the Licensee shall at all times and at its own cost enforce compliance by the sub-licensee with the terms of the sub-license; and 

  

	(g)	 	the Licensee shall not sub-contract the whole of its business operations to a third party. 

 VEL’S WARRANTIES 
 8.1 VEL represents and warrants that: 
  

	(a)	 	it is the beneficial owner of the Marks currently or hereafter registered or claimed as marks by VEL; 

  

	(b)	 	it has the right to grant all of the rights it purports to grant under this Agreement; 

  

	(c)	 	it is not aware of any other rights whose grant under this Agreement would be necessary to enable the Licensee to carry on the Licensed Activities under the Marks in the form of the
Names in accordance with this Agreement; and 

  

	(d)	 	it will not itself exercise and it has not appointed, authorized or allowed and it will not appoint, authorize or allow any other person to use the “Virgin Mobile” name,
“Virgin Mobile USA” name, Virgin Name or Virgin Signature, in each case, on or in relation to Mobile Voice and Data Services in the Territory or to exercise any of the rights granted exclusively to the Licensee under this Agreement,
provided that, in each case, the warranties and representations in this Clause 8.1 do not apply to any V Marks. 

 TERMINATION AND EFFECTS OF TERMINATION 
 9.1 This Agreement
shall expire automatically without need for further notice upon the expiration of the Term. 
 9.2 If any of the following occur (each a
Default and the Party triggering such Default a Breaching Party): 
  

	(a)	 	VEL or Licensee fails to make a payment of money due under this Agreement which failure continues for more than thirty (30) days after written notice from the other Party
requiring the payment to be made; 

  

	(b)	 	VEL or Licensee commits a material breach of any of the provisions of this Agreement, which breach: 

  

	 	(i)	 	is or is likely to be materially damaging to the other Party or to the goodwill of the Marks, including the use of the Marks for purposes other than a Licensed Activity; or

  

 26 

	 	(ii)	 	arises from the Licensee’s use of the Marks for purposes other than a Licensed Activity that is not materially damaging to the other Party or to the goodwill of the Marks; and

  

	 	(iii)	 	continues for a period of more than sixty (60) consecutive days after receipt of written notice from the non-breaching Party specifying the breach (the Cure
Period); 

  

	(c)	 	VEL or Licensee ceases to do business as a going concern; 

  

	(d)	 	VEL or Licensee is unable or admits its inability to pay its debts as they become due; 

  

	(e)	 	VEL or Licensee institutes a voluntary proceeding, or becomes the subject of an involuntary proceeding which involuntary proceeding is not dismissed within thirty (30) days,
under any bankruptcy act, insolvency Law or any Law for the relief of debtors, has a receiver appointed for the Party which appointment is not dismissed, vacated or stayed within thirty (30) days, or executes a general assignment for the
benefit of creditors; 

  

	(f)	 	Licensee challenges VEL’s ownership of the Marks or the Names; or 

 then: 
  

	 	(A)	 	if VEL is the Breaching Party and VEL has failed to cure any Default with the applicable cure period, if any, then Licensee may, at any time within twenty-four (24) months of
the expiration of any applicable cure period for such breach, terminate this Agreement upon ninety (90) days prior written notice to VEL and Sprint Ventures, Inc.; and 

  

	 	(B)	 	if Licensee is the Breaching Party and Licensee has failed to cure any Default with the applicable cure period, if any, then VEL may, at any time within ninety (90) days of the
expiration of any applicable cure period for such breach, terminate this Agreement upon thirty (30) days written notice to Licensee and Sprint Ventures, Inc; provided however that, within such thirty (30) day period before termination, the
Parties may agree to extend the license in whole or in part beyond such date of nominal termination, in accordance with a transition plan suitable to protect the Licensee’s interests while Licensee effects a transition to replace trade names
and marks; provided, further, that in no event shall VEL be required to commit to continued use of the Marks or any of them throughout a transition period of more than twelve (12) further months, and VEL shall continue to be entitled to procure
injunctive relief or any other remedies against continuation of any breach by Licensee as of the date of notice of termination, 

  

 27 

 provided that, if (x) VEL notifies the Licensee of a breach referred to in 9.2(b)(B) above and (y) the Licensee
wishes to dispute that the Marks have been used for purposes other than a Licensed Activity, the Licensee shall, within ten (10) days of receiving the notification, notify VEL enclosing a Resolution Request (as defined in Clause 14.11(a)) and
the Parties shall attempt to resolve the matter in accordance with Clause 14.11, and in relation to that breach: 
  

	 	(1)	 	the Cure Period shall not be deemed to have commenced unless the Parties are not able to resolve the dispute by the expiry of the fifteen (15) Business Day period referred to
in Clause 14.11(d), upon which the Cure Period shall be deemed to commence; 

  

	 	(2)	 	if the Parties determine during or as a consequence of the procedures in Clause 14.11 that the Licensee is using the Marks for purposes other than a Licensed Activity, then the Cure
Period shall be deemed to commence upon written notice from VEL following that determination; and 

  

	 	(3)	 	if the Parties determine during or as a consequence of the procedures in Clause 14.11 that the Licensee is not using the Marks for purposes other than a Licensed Activity, VEL shall
notify Licensee that the notice of termination is withdrawn. 

 9.3 In addition to the foregoing, in the event that, at any time during
the Term, if 
  

	(a)	 	Licensee enters into a transaction that, if completed according to its terms, would constitute an Adverse Change of Control, then (i) Licensee will provide VEL a written notice
as soon as reasonably practicable; and (ii) VEL may, during the period beginning with receipt of notice from Licensee and ending ninety (90) days following the completion of any such transaction, provide written notice to Licensee of
VEL’s intent to terminate this Agreement and such termination shall become effective twenty-four (24) months from the date of receipt by Licensee of such notice; or 

  

	(b)	 	Licensee’s rights under its PCS Services Agreement between Licensee and Sprint Spectrum L.P., a Delaware limited partnership (SPCS), governing the provision of
telecommunication services by SPCS to Licensee (as amended, supplemented or otherwise modified from time to time, the PCS Services Agreement) are terminated due to an adverse change of control with respect to SPCS, the specifics of
which are set forth in the PCS Services Agreement (SPCS Change of Control Termination), then (i) Licensee will provide VEL a written notice as soon as reasonably practicable; and (ii) VEL may, during the period beginning with
completion of the SPCS Change of Control Termination or receipt of such notice from Licensee (whichever is sooner) and ending ninety (90) days following the completion of any such transaction, provide written notice to Licensee of VEL’s
termination of this Agreement and such termination shall occur on the effective date of termination of the PCS Services Agreement. 

 9.4
Upon expiration of the Term or earlier termination of this Agreement for any reason, the Licensee shall, and procure that all sub-licensees shall, as soon as reasonably practicable and in any event no later than three (3) months following
expiration or termination (unless a longer period is authorized under a transition plan agreed under Clause 9.2): 
  

	(a)	 	cease to use any of the Marks other than use in connection with accurate historical descriptions of the business and as may be required by any applicable Law;

  

 28 

	(b)	 	remove from any establishment or place all representations of the Marks including without limitation all signs or display material bearing the Marks; 

  

	(c)	 	deliver (at its expense) to VEL (or to any person, firm or company nominated by VEL) such products and other materials that it owns or that are in its possession which reproduce or
display the Marks or, at the election of Licensee, remove the use of the Marks on such products or materials and provide VEL with satisfactory evidence of their removal, or at the election of Licensee, destroy such products and other materials and
provide VEL with satisfactory evidence of their destruction; provided that Licensee shall not be obligated to remove the Marks from Handsets or other Products under the control or in the inventory of any Customer or third-party distributor,
including Virgin Entertainment Group Ltd.; 

  

	(d)	 	change its name to a name that does not incorporate the Marks or anything confusingly similar thereto and cease to use the Marks as a business or trading name or part thereof; and

  

	(e)	 	at the request of VEL, execute any documents provided to the Licensee by VEL necessary to confirm that the goodwill that has accrued during the Term in the Marks or any Mark is
vested in VEL. 

 9.5 The Licensee shall be entirely responsible to VEL for any direct damage caused by the unauthorised use of such
products and/or materials which are not delivered up or destroyed or altered pursuant to Clause 9.4(c). 
 9.6 Termination of this Agreement shall be
without prejudice to the rights of either Party which may have accrued up to the date of such termination. 
 9.7 Except as otherwise provided in
Clauses 9.2 and 9.3, neither Party may terminate this Agreement except by notice in writing to the other and with the written consent of the other. 
 INFRINGEMENTS AND INJUNCTIVE RELIEF 
 10.1 The Licensee shall promptly
notify VEL of: 
  

	(a)	 	any unauthorised use or infringement or suspected or threatened infringement of the Marks or of any passing off or of any other act or thing which might reasonably vitiate or
prejudice the rights of VEL in and to the Marks, in each case, in the Territory; and 

  

	(b)	 	any claims or allegations that the use of the Marks by the Licensee or its sub-licensees infringes the rights of any third party that come to its notice at any time giving
reasonable particulars thereof. 

  

 29 

 10.2 Subject to Clauses 6.1(d) and 10.4, VEL shall have the exclusive right in its absolute discretion and at its
expense to take whatever action it believes necessary and proper in connection with any of the matters described in Clause 10.1 above. 
 10.3 The
Licensee agrees to provide to VEL at the expense of VEL all reasonable assistance which VEL may require in connection with any action it may decide to take in relation to any unauthorised use, infringement, suspected or threatened infringement,
passing off or other unlawful interference with the rights of VEL (including, without limitation, bringing or joining in proceedings or lending its name to any proceedings brought by VEL). The provisions of Section 30(2) of the Trademarks Act
1994 (as amended, re-enacted or replaced from time to time) or similar or equivalent legislation in any country of the world, if any, are expressly excluded by the Parties for the purposes of this Agreement. 
 10.4 If, having been requested in writing by the Licensee to do so, VEL fails to take action in respect of any event described in Clause 10.2 for a period
exceeding twenty eight (28) days or sooner, if agreed by the Parties, the Licensee shall be entitled to do so at its own expense and in its own name and that of VEL and VEL agrees to provide the Licensee all reasonable assistance which the
Licensee may require in connection with the action it takes provided always that: 
  

	(a)	 	the Licensee notifies VEL in writing of its intention to do so; 

  

	(b)	 	the Licensee shall only be permitted to take such action if failure to do so would have a material adverse effect on Licensee’s ability to exercise its rights with respect to
the Licensed Activities; 

  

	(c)	 	the Licensee shall not be permitted to take such action if it would have a material adverse effect on VEL or any other licensee of the Marks acting within the terms of its license,
in which case, the Parties shall cooperate on a good faith basis to attempt to find an alternate course of action; 

  

	(d)	 	the Licensee will indemnify and keep indemnified VEL from and against all third party costs and expenses (including, without limit, disbursements, legal costs on an attorney-client
basis, fees and expenses and value added tax), actions, proceedings, claims, demands and damages arising directly from such action; 

  

	(e)	 	the Licensee keeps VEL up-to-date with details of the status of such action or proceedings; 

  

	(f)	 	the Licensee shall consult VEL prior to finalising any negotiated settlement of any such action or proceedings (although the terms of any such settlement shall be at the
Licensee’s sole discretion); 

  

	(g)	 	if the Licensee succeeds in securing substantially all the relief it seeks in the action or proceedings it takes in accordance with this Clause 10.4, then it shall provide VEL with
evidence reasonably acceptable to VEL (certified if required by VEL by a qualified auditor approved by VEL) of the legal costs and expenses incurred in taking that action and VEL shall reimburse the Licensee its reasonable legal costs and expenses
so incurred; 

  

 30 

	(h)	 	where such action is taken by the Licensee against a Virgin Entity, VEL reserves the right to intervene between the parties and require the dispute and any proceedings related
thereto to be suspended for a maximum of twenty (20) Business Days, unless otherwise agreed to by VEL and Licensee, whilst negotiations to resolve the issues take place. In the event that any resolution pursuant to this Clause requires
amendments to be made to any agreement between VEL and Licensee or VEL and any other Virgin Entity, VEL will use its reasonable endeavours to effect the necessary amendments as soon as reasonably practicable. 

 10.5 The proportion of the costs and damages recovered in respect of any action (or of a settlement of any action) pursuant to Clauses 10.2 or 10.4 shall first,
reimburse the Party who brought the action in respect of all costs and expenses payable to third parties (excluding, for the avoidance of doubt, the cost of lost management time) incurred as a result of bringing the action and the remainder shall go
first to Licensee, to the extent of injury suffered by it from the subject matter of the action; provided that the Licensee provides VEL, upon the reasonable request of VEL, with evidence reasonably acceptable to VEL of the loss or damage caused by
the subject matter of the actions (certified if required by VEL by a reasonably qualified auditor) with any and all excess recovery going to VEL; provided further that nothing in this Clause 10.5 shall derogate from the acknowledgement in Clause 2.

 INDEMNITY 
 11.1 The Licensee
undertakes and agrees that it shall at all times during the continuance in force of this Agreement observe and perform the terms and conditions contained in this Agreement. The Licensee undertakes and agrees to indemnify and hold harmless VEL and
its officers, directors, agents, employees and representatives from and against all costs and expenses (including, without limitation, legal costs on an attorney-client basis, fees and expenses and value added tax), actions, proceedings, claims,
demands and damages arising directly or indirectly from a third party claim relating to: 
  

	(a)	 	the Licensee’s use of a Mark in breach of this Agreement; or 

  

	(b)	 	the Licensee’s use of the Marks on or in relation to Products in connection with any product liability claims or proceedings, 

 save to the extent that the same are caused by a breach of this Agreement by VEL. 
 11.2 VEL shall indemnify and hold harmless the Licensee and its officers, directors, agents, employees and representatives from and against all costs and expenses (including, without limitation, legal costs on an attorney-client
basis, fees and expenses and value added tax), actions, proceedings, claims, demands and damages arising directly or indirectly from a third party claim relating to: 
  

	(a)	 	the Licensee’s use of a Mark or a Name in accordance with this Agreement; or 

  

	(b)	 	invalidity of or defects in VEL’s title to the Marks, other than any V Marks or any additional elements used by the Licensee in combination with the Virgin Name or the Virgin
Signature in accordance with Clause 3.7(c), save to the extent that the same are caused by a breach of this Agreement by Licensee. 

  

 31 

 CONFIDENTIALITY 
 12.1 Each of the Parties shall keep secret and confidential any information of a confidential nature which it may obtain relating to the business affairs and/or trade secrets of the other provided that this
obligation shall not apply in respect of (a) any information which comes into the public domain other than as a result of breach by the recipient of the information of the provisions of this Clause, (b) which was otherwise known by the
receiving Party prior to receipt of such information from the disclosing Party, or (c) which is required to be disclosed by Law, any governmental or regulatory authority or by order of a court of competent jurisdiction. This Clause shall
continue in force following expiry or termination of this Agreement. 
 NOTICES 
 13.1 Any notice or other communication required or authorised to be given under this Agreement shall be in writing and either be delivered by hand or sent by first
class post, courier or facsimile transmission (provided that in the case of facsimile transmission, the notice is confirmed by being delivered by hand or sent by first class post within forty-eight (48) hours) as follows: 
  

			
	Address for notices to VEL:	  	Virgin Enterprises Limited
		  	120 Campden Hill Road
		  	London W8 7AR
		  	England
		  	Attention: Intellectual Property Department
		  	Fax: +44 (0) 20 7313 2091
		
	Address for notices to the Licensee:	  	Virgin Mobile USA, LLC
		  	10 Independence Boulevard
		  	Warren, New Jersey 07059
		  	Attention: VP, Business Affairs
		  	Fax: (908) 607-4078
		
	With a copy to:	  	Sprint Ventures, Inc.
		  	c/o Sprint Spectrum L.P.
		  	6330 Sprint Parkway
		  	KSOPHA0310-3B121
		  	Overland Park, Kansas 66251
		  	Attention: Vice President, Business Development
		  	Fax: (913) 762-0109
		
		  	and:
		
		  	Virgin USA Inc.
		  	65 Bleecker Street, 6th Floor
		  	New York, New York 10012
		  	Attention: General Counsel
		  	Fax: (646) 452-6161

  

 32 

 13.2 The Parties may change the address, facsimile number or the name of the person for whose attention notices
are to be addressed by serving a notice on the other Party in accordance with the provisions of this Clause. 
 13.3 All notices given in accordance
with Clause 13.1 above shall be deemed to have been served as follows: 
  

	(a)	 	if delivered by hand or courier, at the time of delivery; 

  

	(b)	 	if posted, at the expiration of three (3) Business Days after the envelope containing the same was delivered into the custody of the postal authorities; or

  

	(c)	 	if communicated by facsimile, at the time of transmission, provided that where, in the case of delivery by hand or transmission by facsimile, such delivery or transmission occurs
after 6 p.m. on a Business Day or on a day which is not a Business Day, service shall be deemed to occur at 9 a.m. on the next following Business Day. References to time in this Clause are to local time in the country of the addressee.

 13.4 In proving such service it shall be sufficient to prove that the envelope containing such notice was properly addressed and
delivered either to the address shown or into the custody of the postal authorities as a pre-paid first class letter, or that the facsimile transmission was made after obtaining in person or by telephone appropriate evidence of the capacity of the
addressee to receive the same, as the case may be. 
 GENERAL 
 Waiver 
 14.1 No delay, failure or indulgence by either Party to perform any provision of this Agreement shall
operate or be construed as a waiver of that Party’s powers or rights under this Agreement or prejudice that Party’s rights to subsequent action. Any waiver by either Party of its rights under this Agreement shall not operate as a waiver in
respect of any subsequent breach. No single or partial exercise of any power or right by either Party shall preclude any other or further exercise thereof or the exercise of any such other power or right under this Agreement. 
 Modifications 
 14.2 No amendment or modification to this
Agreement will be effective or binding unless it is in writing, signed by both the Parties and specifically states that it is an amendment to this Agreement. 
 Invalidity 
 14.3 If at any time any one or more of the provisions (or part of one or more of the provisions) of this Agreement
becomes invalid, illegal or unenforceable in any respect, under any Law, the validity, legality and enforceability of the remaining provisions (or part or parts) shall not in any way be affected or impaired. 
  

 33 

 Entire Agreement 
 14.4 This Agreement sets out the entire agreement and understanding between VEL and the Licensee in respect of the use of the Marks by the Licensees and supersedes all previous representations, understandings, licenses or agreements,
whether oral or written, in relation to such use. It is agreed that: 
  

	(a)	 	no Party has entered into this Agreement in reliance upon any representation, warranty or undertaking of any other Party which is not expressly set out or referred to in this
Agreement; 

  

	(b)	 	subject only to (c) below, no Party shall have a claim or remedy in respect of misrepresentation (whether negligent or otherwise) or untrue statement made by any other Party;
and 

  

	(c)	 	this Clause shall not exclude any liability for fraudulent misrepresentation. 

 Independent Contractors 
 14.5 Nothing in this Agreement shall create, or be deemed to create, a partnership, a joint venture, an
agency, a fiduciary duty or employment between the Parties. The only relationship created by this Agreement is that of independent contractors, and, except as expressly provided herein, neither Party by virtue of this Agreement has authority to
transact any business in the name of the other Party or on its behalf or incur any liability for or on behalf of the other Party. 
 Governing Law

 14.6 This Agreement shall be governed by and construed in accordance with English law. Each of the Parties irrevocably submits to the
non-exclusive jurisdiction of the Courts of the state of Delaware and the courts of the United States of America for the District of Delaware, and appellate courts of any such courts. 
 Counterparts 
 14.7 This Agreement may be executed in counterparts, each of which shall be considered an
original, with the same effect as if the Parties or their representatives signed the same instrument. 
 Further Assurances 
 14.8 VEL and the Licensee shall, at the Licensee’s expense, execute and deliver all such documents and take or procure the execution of all such documents (in
a form reasonably satisfactory to both Parties) as may from time to time be required to give full effect to this Agreement. 
  

 34 

 Costs 
 14.9
Each Party shall bear its own costs in connection with the negotiation, preparation and implementation of this Agreement. 
 Insurance 

14.10 The Licensee shall ensure that it maintains, at all times during the Term, current policies of insurance sufficient to indemnify against any product
liability claims of up to USD 25,000,000 (twenty-five million United States dollars) arising from use of the Products and naming VEL as an additional insured. 
 Dispute Resolution 
 14.11 In the event there is a dispute between the Parties regarding the interpretation of any provision this
Agreement or either Party’s performance under any provision of this Agreement (a Dispute), the Parties shall attempt to resolve such Dispute in accordance with this Clause 14.11. This Clause 14.11 shall be without prejudice to
either Party’s right to take the action (including termination of this Agreement) described in Clause 9.2 or 9.3 in accordance with those Clauses. 
  

	(a)	 	Upon written request of either Party (the Resolution Request), the Dispute shall be submitted for resolution to a dispute resolution team which shall be comprised of
two representatives from each Party (the Integrated Action Team). The Integrated Action Team shall meet as often as necessary to gather and furnish to each Party all information with respect to the matter in issue, which is appropriate
and germane for its resolution; 

  

	(b)	 	The Integrated Action Team shall discuss the Dispute and negotiate in good faith in an effort to resolve the Dispute without the necessity of further action relating thereto. During
the course of such negotiation, all reasonable requests made by one Party to the other for non-privileged information reasonably related to this Agreement and the Dispute will be honored in order that such Party may be fully advised of the
other’s position. The specific format for such discussions will be left to the discretion of the Integrated Action Team, but may include the preparation of agreed upon statements of fact or written statements of position furnished by each Party
to the other; 

  

	(c)	 	If the Dispute is not fully resolved by the Integrated Action Team within fifteen (15) Business Days after the delivery of the Resolution Request, then either of the Parties
may request that the Dispute be escalated to the respective President, CEO or Chairmen of the Parties (as applicable) (the Designated Officers, and each such request an Escalation Request), after which, within fifteen
(15) Business Days of the delivery of the Resolution Request, each of the Parties shall prepare and send to the Designated Officers of the Parties, respectively, a memorandum stating its understanding of the matter subject to the Dispute, its
position in relation to such matter, its reasons for taking such position and any proposals for resolving the Dispute; 

  

	(d)	 	The Designated Officers shall as soon as reasonably practicable (within at least fifteen (15) Business Days after the Dispute has been referred to such Designated Officers or
as such Designated Officers shall otherwise agree) meet (in person or by telephone) to discuss the Dispute and use their reasonable best efforts to resolve it; and 

  

 35 

	(e)	 	Notwithstanding anything in this Agreement to the contrary, either Party may resort to court action for urgent or injunctive relief at any time if the dispute resolution process set
forth in this Clause would permit or cause irreparable damage to such Party due to delay arising out of the dispute resolution process. 

 Governance Matters 
 14.12 Solely during the Term, VEL shall have the right to appoint one (1) director, selected at its sole
discretion, to Virgin Mobile USA, Inc.’s Board of Directors, provided that, VEL does not have a right to appoint a director in connection with its status as a shareholder of Virgin Mobile USA, Inc. pursuant to Virgin Mobile USA, Inc.’s
charter, bylaws or stockholder’s agreement. 
 [Signature pages follow] 
  

 36 

 [Signature page to Amended and Restated Trademark License Agreement] 
 IN WITNESS WHEREOF this Agreement has been signed by the authorised representatives of the Parties on the day and year first written above. 
  

							
	SIGNED for and on behalf of	 	)	  		  	
	VIRGIN ENTERPRISES LIMITED	 	)	  		  	
	by	 	)	  		  	
	in the presence of:	 	)	  		  	
				
	SIGNED for and on behalf of	 	)	  		  	
	VIRGIN MOBILE USA, LLC	 	)	  		  	
	by	 	)	  		  	
	in the presence of:	 	)	  		  	

  

 37 

 SCHEDULE 1 
 Trademarks 
  

									
	 Trademark
	 	 Application /
 Registration
 Number
	 	 Country
	 	 Class
	 	 Status

					
	 VIRGIN
	 	 76/107,265
	 	 USA
	 	 9, 38
	 	 Registered

	 	 2,689,098
	 		 		 	
					
	 Virgin Signature
	 	 76/107,264
	 	 USA
	 	 9, 38
	 	 Registered

	 	 2,689,097
	 		 		 	
					
	 VIRGIN XTRAS
	 	 76/301,267
	 	 USA
	 	 9, 38
	 	 Registered

	 	 2,870,028
	 		 		 	
					
	 VIRGIN MOBILE
	 	 76/301,009
	 	 USA
	 	 9, 38
	 	 Registered

	 	 2,770,775
	 		 		 	
					
	 VIRGIN MOBILE & Design
	 	 76/301,011
	 	 USA
	 	 9, 38
	 	 Registered

	 	 2,770,776
	 		 		 	
					
	 VIRGIN XL
	 	 78/543,655
	 	 USA
	 	 9, 38
	 	 Registered

	 	 3,100,295
	 		 		 	
					
	 VAM
	 	 78/904,946
	 	 USA
	 	 38
	 	 Pending

					
	 VIRGIN2VIRGIN
	 		 	 USA
	 		 	

  

 I 

 SCHEDULE 2 
 The Signature 
 

 
  

 II 

 SCHEDULE 3 
 Accessories 
 The following accessories, in each case for use with Handsets: 
 Chargers, including home and travel chargers 
 Batteries (both slim and
extended) 
 Cigarette lighter chargers for motor vehicles 
 Cases
(leather and plastic), including pouches 
 Headsets (for telephone services and music) 
 Clip-on belt pieces, including holsters 
 Hands-free car kits 
 Faceplates 
 Data Cables 
 Plug-in radios 
 Backpack straps and other wearable system devices 
 Memory Cards 
 Antennas 
 Phone
straps 
 Car holders 
 Keypad or button accessories 

 

 III 

 SCHEDULE 4 
 Additional Sites 
 clubvmu.com 
 clubvmu.mobi 
 promotionsvirginmobileusa.com 
 vam.mobi 
 vgrps.com 
 virginextras.mobi 
 virginextras.us 
 virgin-extras.us 
 virginmobile.us 
 virgin-mobile.us 
 virginmobilestash.com 
 virginmobilestash.mobi 
 virginmobileusa.biz 
 virginmobileusa.com 
 virginmobileusa.info 
 virginmobileusa.mobi 
 virginmobileusa.net 
 virginmobileusa.org 
 virginmobileusa.us 
 virginmobileusarecycle.com 
 virginmobileusastash.com 
 virginmobileusastash.mobi 
 virginmobilexl.com 
 virginmobilexl.net 
 virginmobilexl.org 
 virginmobilexl.us 
 virginwirelessusa.com 
 virginxl.mobi 
 virginxl.us 
 virginxtras.mobi 
 virginxtras.us 
 virgin-xtras.us 
 vm-alerts.com 
 vm-news.com 
 vmgrps.com 
 vmobile-corp.com 
 vmobile-corp.net 
 vmobl.com 
 vmobl.net 
 vmobl.org 
 vmobl.us 
 vmoblg.com 
 vmoblg.net 
 vmoblg.org 
 vmphotoblog.com 
 vmpix.com 
 vmu.m7networks.com 
 vmu-mail.com 
 vmusa.biz 
 vmusa.info 
 vrgnmbl.biz 
 vrgnmbl.com 
 vrgnmbl.info 
 vrgnmbl.us 
  

 IV 

 EXHIBIT A 
 NONDISCLOSURE AGREEMENT 
  

 EXHIBIT B 
 TM GUIDELINES 
  

 EXHIBIT C 
 CODE OF CONDUCT 
  

 EXHIBIT D 
 CUSTOMER SERVICE LEVELS 
  

 XIIForm of Amended and Restated Trademark Licence Agreement

 Exhibit 10.7 
 THIS AMENDED AND RESTATED TRADEMARK LICENSE AGREEMENT (Agreement) is made on
[            ] [    ], 2007, 
 BETWEEN 
 SPRINT COMMUNICATIONS COMPANY, L.P., a Delaware limited partnership with an office at 6200 Sprint Parkway,
Overland Park, Kansas 66251 (Sprint). 
 VIRGIN MOBILE USA, LLC, a Delaware limited liability company, with a principal place of
business at 10 Independence Boulevard, Warren, New Jersey 07059 whose registered office in the State of Delaware is c/o The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801 (the
Licensee). 
 RECITAL 
 WHEREAS, Sprint is the beneficial owner of the Marks (as defined below), and has agreed to grant the Licensee a license to use the Marks on the terms and conditions of this Agreement; 
 WHEREAS, on October 4, 2001 Sprint and Licensee entered into a License Agreement, as amended, whereby Sprint granted Licensee the right to use the Marks in
accordance with the terms and conditions set forth therein (the License Agreement); and 
 WHEREAS, the parties hereto desire to enter into
this Agreement to modify the rights and obligations of the parties under the License Agreement as set forth herein; 
 In consideration of the mutual
covenants and agreements set forth herein, and for good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties hereby agree to amend the License Agreement in its entirety to read as follows: 
 DEFINITIONS 
 1.1 In
this Agreement, the Recital above and the Schedules to it, the following terms shall have the following meanings. 
 Accounting Period means
each of the annual accounting periods ending on the Annual Accounting Date during the Term and, in the case of the first such period, the period from the Commencement Date to the first Annual Accounting Date, and, in the case of the last period, the
period from the commencement of such period until close of business on the final day of the Term or the date of termination of this Agreement, whichever occurs sooner; 
 Annual Accounting Date means 31 January save as such date may be adjusted (if in a material manner, then by written agreement between the parties) to avoid an Annual Accounting Date falling on a day
which is not a Business Day and/or to ensure that all Annual Accounting Dates fall on the same day of the relevant week; 
 Business Day means
any day (excluding Saturdays and Sundays) on which the US Postal Service is open for business; 
  

 Page 1 

 Commencement Date means the earlier of the date that Licensee or its direct or indirect parent company
closes an initial public offering and January 1, 2008; 
 CPI or Consumer Price Index means the Consumer Price Index for All Urban
Consumers (CPI-U) for the U.S. City Average for All Items, as published by the United States Department of Labor Bureau of Labor Statistics, or any successor organization; 
 End User has the meaning given such term in the PCS Services Agreement; 
 Financial Year means the financial year of the Licensee; 
 Gross Sales means the total amount received by the Licensee in connection with the carrying on of the Licensed Activities, exclusive of revenues from sales of Handsets if Handsets are sold at a retail
price below wholesale cost; 
 Handset means a mobile device intended for use by a customer of Licensee to
access Mobile Voice and Data Services; 
 Licensed Activities means those activities referred to in
Clause 3.1; 
 Marks means the trademarks identified on Schedule 1.0 attached hereto; 
 Mobile Voice and Data Services means voice and data radio communications service including both one-way and two-way radio communications services conducted
through a wireless network carried on or between mobile stations and/or receivers and land stations, and between mobile stations and/or receivers communicating among themselves and the services made available to End Users over mobile receivers;

 PCS Services Agreement means the Amended and Restated PCS Services Agreement between Sprint Spectrum L.P. and Licensee dated as of
[            ] [    ], 2007; 
 Person means any individual,
corporation, limited liability company, partnership, firm, joint venture, association, trust, joint stock company, unincorporated organization or other entity; 
 Royalties means the payments described in Clause 4; 
 Sprint PCS Branding Guidelines means the guidelines provided by Sprint in relation to the permitted form, manner and context in which the Marks may be used, as amended from time to time; the most current
version of which is attached as Schedule 2.0; 
 Term means the period between the Commencement Date and
December 31, 2027; 
 Territory means the United States of America, the US Virgin Islands and Puerto
Rico; and 
 Value Added Services means voicemail, short message and digital mobile fax services and other related services, in each case
provided by means of Mobile Voice and Data Services via a Handset. 
  

 Page 2 

 1.2 The Schedules form part of the operative provisions of this Agreement and references to this Agreement shall, unless
the context otherwise requires, include references to the schedules. 
 1.3 For the avoidance of doubt the recitals do not form part of the operative
provisions of this Agreement. 
 1.4 The index to and the headings in this Agreement are for information only and are to be ignored in construing the same.

 1.5 The parties acknowledge and agree that: 
 (a) each of them
has been advised by counsel and has fully considered the language, terms and provisions of this Agreement; and 
 (b) this Agreement has been drafted by both
parties and ambiguities in it, if any, shall not be construed against the drafter of any particular clause. 
 ACKNOWLEDGEMENTS 
 2.1 The Licensee acknowledges that: 
  

	(a)	 	all rights in the Marks belong to Sprint; 

  

	(b)	 	the Licensee shall not acquire or claim any title to any of the Marks by virtue of the rights granted to it by this Agreement or through its use of the Marks either before or after
the date of this Agreement; 

  

	(c)	 	the Licensee shall not at any time do or omit to do anything which is likely to prejudice Sprint’s rights in the Marks; 

  

	(d)	 	all goodwill generated by use of the Marks by the Licensee shall at all times be deemed to have accrued to Sprint; 

  

	(e)	 	any rights accrued to the Licensee through use of the Marks, including but not limited to any mixed brand rights shall be deemed to have accrued to Sprint; and

  

	(f)	 	for the avoidance of doubt, the Licensee shall do any act reasonably required to give effect to this Clause 2.1. 

 2.2 Sprint acknowledges that the Licensee shall be free to use or register in its own name any mark other than a mark which is (i) one of the Marks;
(ii) confusingly similar to a Mark; or (iii) used in combination with a Mark as a composite mark. 
 2.3 Sprint acknowledges that all goodwill
generated by use or registration of a mark by the Licensee in its own name in accordance with Clause 2.2 shall at all times be deemed to have accrued to the Licensee. 
  

 Page 3 

 GRANT 
 3.1 With effect from the Commencement Date, in consideration of the Royalties and the covenants and undertakings contained in this Agreement, Sprint grants to the Licensee a non-exclusive license to use the Marks in
the Territory for the Term: 
  

	(a)	 	in relation to the provision of Mobile Voice and Data Services and Value Added Services to Customers; and 

  

	(b)	 	on promotional brochures and other materials in relation to the provision of Mobile Voice and Data Services and Value Added Services. 

 3.2 Licensee will not use the Marks in any form other than that permitted in the Sprint PCS Branding Guidelines attached hereto as Schedule 2.0 and incorporated herein
by this reference without the prior written consent of Sprint, such consent to be requested and determined as described in Clause 3.3 below. Licensee will use the Marks in accordance with the Sprint PCS Branding Guidelines. 
 3.3 Except for printed materials which shall be covered by Clause 5.4 herein, if the Licensee wishes to use the Marks in any manner other than as provided in the Sprint
PCS Branding Guidelines, it will notify Sprint prior to commencing the proposed use. If Sprint consents (such consent to be based on Sprint’s reasonable interpretation of the Sprint PCS Branding Guidelines and not to be unreasonably withheld)
to the proposed use by the Licensee, Sprint will so notify Licensee. If Sprint withholds its consent, it will explain in writing the basis for its decision. If Sprint fails to provide written notice of its decision within thirty (30) days of
the request, the request will be deemed denied for purposes of this Clause 3.3. If Sprint and Licensee do not agree with respect to any such issue, either party may escalate the matter as provided in Clause 14.11. 
 PAYMENT OF ROYALTIES 
 4.1 Through December 31, 2007, the Licensee agrees to pay Sprint continuing Royalties which, for any one Financial Year (and pro rata for parts thereof), shall be 0.125% of Gross Sales during that Financial Year,
up to a maximum of two million United States dollars ($2,000,000) in any one Financial Year. Beginning with the earlier of (a) January 1, 2008, and (b) the date on which Licensee offers post-paid Mobile Voice and Data Services, the
Licensee agrees to pay Sprint continuing Royalties which, for any one Financial Year (and pro rata for parts thereof), shall be 0.25% of Gross Sales during that Financial Year, up to a maximum of four million United States dollars ($4,000,000) (the
Cap) in any one Financial Year. The Licensee shall pay the amount payable under this clause in respect of each quarter within ten (10) Business Days of the end of each quarter and in the manner nominated by Sprint. Licensee will
pay Royalties for such period of time as it has the right to use the Marks. Licensee will have the right to use the Marks for as long as the PCS Services Agreement is in force unless this Agreement is earlier terminated pursuant to Clauses 9.1 or
9.2 hereof. 
  

 Page 4 

 4.2 The Licensee shall supply to Sprint: 
  

	(a)	 	a monthly statement of the Licensee’s Gross Sales within five (5) Business Days of the end of each quarter; 

  

	(b)	 	a statement showing Gross Sales for each Accounting Period of the Licensee within one month after the end of such period certified by a qualified auditor approved by Sprint;

  

	(c)	 	a balance sheet and profit and loss account showing the true position of the business of the Licensee for each Financial Year during the Term and for the Financial Year first
expiring after the expiration or termination of this Agreement after the end of the relevant Financial Year certified by a qualified auditor approved by Sprint; and 

  

	(d)	 	any other information relating to the financial position of the Licensee as may be reasonably requested by Sprint during the term of this Agreement. 

 4.3 If the Gross Sales certified by the auditors of the Licensee in the statement provided pursuant to Clause 4.2(b) multiplied by the continuing royalty rate as set out
in Clause 4.1 exceeds the amount paid to Sprint by the Licensee pursuant to Clause 4.1 for the Accounting Period, the Licensee shall pay such excess to Sprint, such payment to accompany the statement. 
 4.4 If the Gross Sales certified by the auditors of the Licensee in the statement provided pursuant to Clause 4.2(b) multiplied by the continuing royalty rate as set out
in Clause 4.1is less than the amount paid to Sprint by the Licensee pursuant to Clause 4.1 for the Accounting Period, Sprint agrees to refund the amount of such deficiency to the Licensee within thirty (30) days of the receipt of such statement
by Sprint. 
 4.5 Any obligation to make a payment under this Agreement has been expressed exclusive of any federal, state, local or other governmental value
added, sales or similar tax. If such tax is chargeable under this Agreement, any payments due to Sprint hereunder shall be increased to include an amount equal to such tax. 
 4.6 In the event of any payment to be made by the Licensee under this Agreement not being received by Sprint on or before the due date of payment, interest shall become payable on such payment at the rate of four
percent (4%) above the base rate of Lloyds TSB Bank PLC from the due date for payment to the date when payment is actually received (both before and after any court judgement). 
 4.7 Beginning on January 1, 2008, the parties shall make annual adjustments for inflation to the Cap equal to the change in the CPI from January 1 of a Financial Year of the Agreement to the following
January 1, calculated as of January 1. All such calculations shall be made within thirty (30) days of the date that the CPI is released by the United States Department of Labor and adjustments to the Cap shall be applicable for the
following Financial Year. 
 CONDITIONS OF USE 
 5.1 The Licensee hereby undertakes that it shall use the Marks at all times only in accordance with the Sprint PCS Branding Guidelines in effect from time to time. In
the event of any inconsistency between the terms of this Clause 5 (i.e., Clauses 5.1 through 5.6) and the Sprint PCS Branding Guidelines, the provisions of this Clause 5 shall prevail. 
  

 Page 5 

 5.2 The Licensee hereby undertakes that it shall not use, register or apply to register any of the Marks or any
confusingly similar marks as the whole or part of any domain name, electronic mail address or otherwise without the prior written consent of Sprint. 
 5.3
The Licensee acknowledges that the value and reputation of the Marks are such that they denote high quality status and agrees to ensure that the goods and services to which the Marks are applied are of a style, appearance and quality so as to
maintain the value and reputation of the Marks. 
 5.4 The Licensee further undertakes to comply with the following conditions of use: 
  

	(a)	 	the Licensee shall submit designs for any printed materials using the Marks to Sprint for approval as to the manner and context of the intended use of the Marks except in so far as
the materials comply with the Sprint PCS Branding Guidelines or have been previously approved in writing. The Licensee shall not make use of any such design or advertising, marketing or promotional materials incorporating such designs for the
purpose of the Licensed Activities unless Sprint has given its prior written approval to use of such materials (such approval not to be unreasonably withheld); 

  

	(b)	 	where Sprint has not sent (by courier, post, email or fax) to the Licensee at its then usual business or email address a written response in relation to the designs submitted by the
Licensee within five (5) Business Days of receipt of such materials, Sprint shall be deemed to have approved the designs for the purposes of this Clause 5.4; 

  

	(c)	 	the Licensee’s use of the Marks (including without limitation, the shape, color and design of all of Licensee’s products and advertising and promotional material on or in
which the Marks appear) shall comply at all times with the Sprint PCS Branding Guidelines or be in such other form as may from time to time be approved in advance in writing by Sprint. 

  

	(d)	 	If, in Sprint’s reasonable opinion, any advertising or promotional material in which any of the Marks are used does not comply with this Agreement or the Sprint PCS Branding
Guidelines then, after a reasonable cure period, the Licensee must withdraw or use commercially reasonable efforts to procure the withdrawal of all such advertising and/or promotional materials; 

  

	(e)	 	the Marks may not be used in combination with any other marks, names, words, logos, symbols or devices (except as specified in this Agreement) without the prior written consent of
Sprint (at its absolute discretion); 

  

	(f)	 	the Licensee shall promptly provide Sprint with details of all material complaints made by customers, distributors, retailers and/or members of the public relating to any
Licensee’s products and services sold under the Marks and/or the Licensed Activities conducted under the Marks which the Licensee, in the exercise of its reasonable discretion, believes are capable of having an adverse effect upon the goodwill
attending the Marks, together with reports on the resolution of such complaints and shall comply with any reasonable directions or recommendations given by Sprint in respect thereof; and 

  

 Page 6 

	(g)	 	the Licensee shall obtain and comply with all necessary consents, licenses and authorisations and all other required formalities, and comply with all applicable laws and regulations
in the Territory (including the Economic Espionage Act), in connection with the exercise of the Licensees’ rights granted by this Agreement and is under an obligation to notify Sprint if it becomes aware of any changes or possible changes in
legislation, regulations, policy or procedures which may adversely affect the ability of the Licensee to carry on its business or use the Marks. 

 5.5 In order to ensure that the Licensee is complying with the obligations under this Agreement, the Licensee shall permit and facilitate review by Sprint of Licensee’s uses of the Marks, including, upon the reasonable written request
of Sprint: 
  

	(a)	 	providing reasonable quantities of samples of any materials, including Licensee’s products and all advertising, marketing and promotional materials bearing the Marks, used in
connection with the Licensed Activities prior to or in the course of their installation, sale or distribution (such samples to be provided at Sprint’s cost); 

  

	(b)	 	meeting with Sprint at least once in each calendar year at the Licensee’s offices at Sprint’s expense in order to review the exercise of the Licensee’s rights granted
by this Agreement; and 

  

	(c)	 	permitting Sprint (or its nominated representative) upon reasonable notice during business hours to enter the Licensee’s premises to assess whether the Licensee is complying
with the obligations under the terms of this Agreement. 

 5.6 If at any time the Licensee fails to comply with the conditions of use or
standards of quality and presentation set out in this Clause 5, Sprint may direct the Licensee (in writing) to take such steps as may be necessary to ensure compliance which will, if such steps are taken to the reasonable satisfaction of
Sprint, remedy such breach without prejudice to the Licensee’s liability to Sprint in respect of any damages or other claims which may have arisen as a result of such breach. If Sprint and Licensee do not agree with respect to any such issue,
either party may escalate the matter as provided in Clause 14.11. 
 TRADEMARK PROTECTION 
 6.1 Sprint undertakes to prosecute registration of and maintain in good standing the Marks, and to take all necessary steps to defend its rights and those of Licensee
against infringement of the Marks by third persons in accordance with 10.2. 
 6.2 The Licensee and Sprint each undertake that they shall, at the
other’s request and expense, execute or procure the execution (including by any of the other Licensees) of any document which may be necessary to allow recordal of the rights granted to the Licensee by this Agreement and the corresponding
cancellation of such recordal on the expiration or termination of this Agreement, for whatever reason. 
 6.3 The Licensee shall not: 
  

	(a)	 	seek any registration of any trademark, copyright or analogous right which is identical with or confusingly similar to any of the Marks in any country in the world; or

  

 Page 7 

	(b)	 	challenge the validity or Sprint’s ownership of the Marks or any registrations for them. 

 6.4 Sprint shall take all steps necessary to ensure that the registrations of the Marks cover (and, if applicable, are extended to cover) the scope of the Licensed Activities in the Territory to the extent that
registrations are available in the Territory and as the Licensee may reasonably request or as Sprint reasonably considers is necessary to protect the value, reputation and/or goodwill associated with the Marks. 
 6.5 The Licensee shall, at the request of Sprint and at Sprint’s cost, provide full assistance in connection with the protection and maintenance by Sprint of its
rights in and to the Marks in the Territory as Sprint may from time to time in its reasonable discretion determine necessary. 
 6.6 The Licensee shall
immediately stop using, or as Sprint may direct, modify the use of, any Marks in relation to any part or parts of the Licensed Activities on receipt of written notice from Sprint notifying the Licensee that such use has been finally and definitively
determined by a court of competent jurisdiction to infringe upon the intellectual property rights of a third party provided always that: 
  

	(a)	 	Sprint vigorously defends the infringement litigation; 

  

	(b)	 	Sprint shall permit the Licensee to recommence use of the Marks if, and as soon as reasonably practicable after, Sprint settles the matter with the third party with the effect that
use by the Licensee is permitted or would no longer amount to an infringement of such third party’s rights; and 

  

	(c)	 	the Licensee’s obligation to pay Royalties in respect of its use of the Marks shall be suspended during the period that it is required by Sprint under this Clause 6.6 to stop
using the Marks. 

 DEALINGS AND SUB-LICENSING 
 7.1 The rights granted under this Agreement are personal to the Licensee and the Licensee shall not delegate, sub-license, assign, mortgage, charge or encumber with a
security interest any of those rights to any third party without the prior written consent of Sprint (which may be withheld for any reason), except (a) a sub-license as permitted by Clause 7.2; or (b) an assignment that would be permitted
by and under the same terms as Section 20 of the PCS Services Agreement, but only in the event that the PCS Services Agreement is also so assigned. 
 7.2 The Licensee may sub-license its rights under this Agreement to the extent necessary to allow the Licensee to sub-contract to a manufacturer, retailer, printer or other Person requiring a license in connection with the conduct of the
Licensee’s business any part of the operations required to facilitate the conduct of the Licensed Activities or the provision of Licensee’s products and services, provided that: 
  

	(a)	 	the Licensee gives prior written notice of the sub-license to Sprint; 

  

 Page 8 

	(b)	 	the sub-license shall be in writing on terms and conditions no less onerous than those imposed on the Licensee by this Agreement; 

  

	(c)	 	the sub-licensee shall not have the right to sub-license its rights under the sub-license to any third party; 

  

	(d)	 	the permission to sub-license (and all sub-licenses granted) under this clause shall terminate automatically on termination or expiration of this Agreement;

  

	(e)	 	the Licensee shall be liable for all acts and omissions of its sub-licensees, which shall be deemed to be the acts and omissions of the Licensee for the purposes of this Agreement;

  

	(f)	 	the Licensee shall at all times and at its own cost enforce compliance by the sub-licensee with the terms of the sub-license; and 

  

	(g)	 	the Licensee shall not sub-contract the whole of its business operations to a third party. 

 LICENSOR’S WARRANTIES 
 8.1 Sprint represents
and warrants that: 
  

	(a)	 	it is the beneficial owner of the Marks; 

  

	(b)	 	it has the right to grant all of the rights it purports to grant under this Agreement; and 

  

	(c)	 	is not aware of any other rights whose grant under this Agreement would be necessary to enable the Licensee to carry on the Licensed Activities under the Marks in accordance with
this Agreement. 

 TERMINATION AND EFFECTS OF
TERMINATION 
 9.1 This Agreement shall expire automatically without need for further notice upon the earlier to occur of:
(a) expiration of the Term; and (b) expiration or an early termination of the PCS Services Agreement. 
 9.2 If any of the following occur (each a
Default and the party triggering such Default a Breaching Party): 
  

	(a)	 	Sprint or Licensee fails to make a payment of money due under this Agreement which failure continues for more than thirty (30) days after written notice from the other party
requiring the payment to be made; 

  

	(b)	 	Sprint or Licensee commits a material breach of any of the provisions of this Agreement, which breach (i) is or is likely to be materially damaging to the other party or to the
goodwill in the Marks, including the use of the Marks for purposes other than a Licensed Activity or (ii) arises from the Licensee’s use of the Marks for purposes other than a Licensed Activity that is not or is not likely to be materially
damaging to the other party or to the goodwill of the Marks, and (iii) either: 

 (A) continues for a period of more than
sixty (60) consecutive days after receipt of written notice from the non-breaching party specifying the nature of the breach (Cure Period); or 
  

 Page 9 

 (B) is of a nature that is not capable of cure; 
  

	(c)	 	Sprint or Licensee ceases to do business as a going concern; 

  

	(d)	 	Sprint or Licensee is unable or admits its inability to pay its debts as they become due; or 

  

	(e)	 	Sprint or Licensee institutes a voluntary proceeding, or becomes the subject of an involuntary proceeding which involuntary proceeding is not dismissed within thirty (30) days,
under any bankruptcy act, insolvency law or any law for the relief of debtors, has a receiver appointed for the party which appointment is not dismissed, vacated or stayed within thirty (30) days, or executes a general assignment for the
benefit of creditors; 

 then: 
 (A) if Sprint is the Breaching Party and Sprint has failed to cure any Default within the applicable cure period, if any, then Licensee may, at any time within twenty-four (24) months of the expiration of any applicable cure period for
such breach, terminate this Agreement upon ninety (90) days prior written notice to Sprint; and 
 (B) if Licensee is the Breaching Party
and Licensee has failed to cure any Default within the applicable cure period, if any, then Sprint may, at any time within ninety (90) days of the expiration of any applicable cure period for such breach, terminate this Agreement upon thirty
(30) days written notice to Licensee; provided however that, within such 30-day period before termination, the parties may agree to extend the license in whole or in part beyond such date of nominal termination, in accordance with a transition
plan suitable to protect the Licensee’s interests while Licensee effects a transition to replace trade names and trademarks; provided, further, that in no event shall Sprint be required to commit to continued use of the Marks or any of them
throughout a transition period of more than twelve (12) further months, and Sprint shall continue to be entitled to procure injunctive relief against continuation of any breach by Licensee as of the date of notice of termination, 
 provided that, if (x) Sprint notifies the Licensee of a breach referred to in Clause 9.2(b)(ii) above and (y) the Licensee wishes to dispute that the Marks
have been used for purposes other than a Licensed Activity, the Licensee shall, within ten (10) days of receiving the notification, notify Sprint enclosing a Resolution Request (as defined in Clause 14.11) and the parties shall attempt to
resolve the matter in accordance with Clause 14.11, and in relation to that breach: 
 (1) the Cure Period shall not be deemed to have
commenced unless the parties are not able to resolve the dispute by the expiry of the 15-Business Day period referred to in Clause 14.11(b), upon which the Cure Period shall be deemed to commence; 
 (2) if the parties determine during or as a consequence of the procedures in Clause 14.11 that the Licensee is using the Marks for purposes other than a
Licensed Activity, then the Cure Period shall be deemed to commence upon written notice from Sprint following that determination; and 
  

 Page 10 

 (3) if the parties determine during or as a consequence of the procedures in Clause 14.11 that the
Licensee is not using the Marks for purposes other than a Licensed Activity, Sprint shall notify Licensee that the notice of termination is withdrawn. 
 9.3
Reserved. 
 9.4 Upon expiration of the Term or earlier termination of this Agreement for any reason, the Licensee shall, as soon as reasonably practicable
and in any event no later than three (3) months following expiration or termination (unless a longer period is authorized under a transition plan agreed under Clause 9.2(e)(B)): 
  

	(a)	 	cease to use any of the Marks other than in connection with accurate historical descriptions of the business and as may be required by any applicable law; 

 

	(b)	 	remove from any establishment or place all representations of the Marks including without limitation all signs or display material bearing the Marks; 

  

	(c)	 	deliver (at its expense) to Sprint (or to any Person nominated by Sprint) such products and other materials that it owns or that are in its possession which reproduce or display the
Marks or, at the election of Licensee, remove the use of the Marks on such products or materials, or at the election of Licensee, destroy such products and other materials and provide Sprint with satisfactory evidence of their destruction; and

  

	(d)	 	at the request of Sprint, execute any documents provided to the Licensee by Sprint necessary to confirm that the goodwill that has accrued during the Term in the Marks or any Mark
is vested in Sprint. 

 9.5 The Licensee shall be entirely responsible to Sprint for any direct damage caused by the unauthorised use of such
products and/or materials which are not delivered up or destroyed or altered pursuant to Clause 9.4(c). 
 9.6 Termination of this Agreement shall be without
prejudice to the rights of either party which may have accrued up to the date of such termination. 
 9.7 Except as otherwise provided in Clauses 9.1 and
9.2, neither party may terminate this Agreement except by notice in writing to the other and with the written consent of the other. 
 INFRINGEMENTS AND INJUNCTIVE RELIEF 
  

	10.1	 	The Licensee shall promptly notify Sprint of: 

  

	(a)	 	any unauthorised use or infringement or suspected or threatened infringement of the Marks or of any passing off or of any other act or thing which might vitiate or prejudice the
rights of Sprint in and to the Marks; and 

  

	(b)	 	any claims or allegations that the use of the Marks by the Licensee or its sub-licensees infringes the rights of any third party that comes to its notice at any time giving
reasonable particulars thereof. 

  

 Page 11 

 10.2 Subject only to Clause 10.4 below, Sprint shall have the exclusive right in its absolute discretion and at its
expense to take whatever action it believes necessary and proper in connection with any of the matters described in Clause 10.1 above. 
 10.3 The Licensee
agrees to provide to Sprint (at the expense of Sprint) all reasonable assistance which Sprint may require in connection with any action it may decide to take in relation to any unauthorised use, infringement, suspected or threatened infringement,
passing off or other unlawful interference with the rights of Sprint (including, without limitation, bringing or joining in proceedings or lending its name to any proceedings brought by Sprint). 
 10.4 If, having been requested in writing by the Licensee to do so, Sprint fails to take action in respect of any event described in Clause 10.2 for a period
exceeding twenty eight (28) Business Days, the Licensee shall be entitled to do so at its own expense and in its own name and that of Sprint and Sprint agrees to provide the Licensee all reasonable assistance which the Licensee may require in
connection with the action it takes provided always that: 
  

	(a)	 	the Licensee notifies Sprint in writing of its intention to do so; 

  

	(b)	 	the Licensee shall only be permitted to take such action if failure to do so would have a material adverse effect on the Licensed Activities; 

  

	(c)	 	the Licensee shall not be permitted to take such action if it would have a material adverse effect on Sprint or any other licensee of the Marks acting within the terms of its
license; 

  

	(d)	 	the Licensee will indemnify and keep indemnified Sprint from and against all costs and expenses (including, without limit, disbursements, legal costs on an attorney-client basis,
fees and expenses and value added tax), actions, proceedings, claims, demands and damages arising directly from such action; 

  

	(e)	 	the Licensee keeps Sprint up-to-date with details of the status of such action or proceedings; 

  

	(f)	 	the Licensee shall consult Sprint prior to finalizing any negotiated settlement of any such action or proceedings (although the terms of any such settlement shall be at the
Licensee’s sole discretion); and 

  

	(g)	 	if the Licensee succeeds in securing substantially all the relief it seeks in the action or proceedings it takes in accordance with this Clause 10.4, then it shall provide Sprint
with evidence reasonably acceptable to Sprint (certified if required by Sprint by a qualified auditor approved by Sprint) of the legal costs and expenses incurred in taking that action and Sprint shall reimburse the Licensee its reasonable legal
costs and expenses so incurred. 

 10.5 The proportion of the costs and damages recovered in respect of any action (or of a settlement of any
action) pursuant to Clauses 10.2 or 10.4 shall first, reimburse the party who brought the action in respect of all costs and expenses payable to third parties (excluding, for the 

  

 Page 12 

 
avoidance of doubt, the cost of lost management time) incurred as a result of bringing the action and the remainder shall go to Licensee, to the extent of
injury suffered by it from the subject matter of the action, provided that Licensee provides Sprint, upon the reasonable request of Sprint, with evidence reasonably acceptable to Sprint of the loss or damage caused by the subject matter of the
actions (certified if required by Sprint by a qualified auditor approved by Sprint), with any and all excess recovery going to Sprint; provided that nothing in this Clause 10.5 shall derogate from the acknowledgement in Clause 2.

 INDEMNITY 
 11.1 The
Licensee undertakes and agrees that it shall at all times during the continuance in force of this Agreement observe and perform the terms and conditions contained in this Agreement. The Licensee undertakes and agrees to indemnify and hold harmless
Sprint and its officers, directors, agents, employees and representatives from and against all costs and expenses (including, without limitation, legal costs on an attorney-client basis, fees and expenses and value added tax), actions, proceedings,
claims, demands and damages arising directly or indirectly from a third party claim relating to: 
  

	(a)	 	the Licensee’s use of a Mark in breach of this Agreement; or 

  

	(b)	 	the Licensee’s use of the Marks on or in relation to Licensee’s products or services in connection with any product liability claims or proceedings, save to the extent
that the same are caused by the action or inaction of Sprint or a breach of this Agreement by Sprint. 

 11.2 Sprint shall indemnify and hold
harmless the Licensee and its officers, directors, agents, employees and representatives from and against all costs and expenses (including, without limitation, legal costs on an attorney-client basis, fees and expenses and value added tax),
actions, proceedings, claims, demands and damages arising directly or indirectly from a third party claim relating to Licensee’s use of a Mark in accordance with this Agreement or relating to a claim of invalidity of or defects in Sprint’s
title to the Marks. 
 CONFIDENTIALITY 
 12 Each of the parties shall keep secret and confidential any information of a confidential nature which it may obtain relating to the business affairs and/or trade secrets of the other provided, that this obligation
shall not apply in respect of (a) any information which comes into the public domain other than as a result of breach by the recipient of the information of the provisions of this clause; (b) which was otherwise known by the receiving
party prior to receipt of such information from the disclosing party; or (c) which is required to be disclosed by law, any governmental or regulatory authority or by order of a court of competent jurisdiction. This clause shall continue in
force following expiry or termination of this Agreement. 
 NOTICES 
 13.1 Any notice or other communication required or authorised to be given under this Agreement shall be in writing and either be delivered by hand or sent by first class
post, courier or facsimile transmission (provided that in the case of facsimile transmission, the notice is confirmed by being delivered by hand or sent by first class post within forty-eight (48) hours) as follows: 
  

			
	 Address for notices to Sprint:
	  	 Sprint Communications Company, L.P.

		  	 6200 Sprint Parkway

		  	 KSOPHF 0302 – 3B579

		  	 Overland Park, Kansas 66251

		  	 Attention: Vice President, Law – Intellectual Property

		  	 Fax: (913) 523-7651

		
	 With a copy to:
	  	 Sprint Spectrum L.P.

		  	 6200 Sprint Parkway

		  	 KSOPHF0202 – 2B579

		  	 Overland Park, Kansas 66251

		  	 Attention: Vice President, Corporate Development

		  	 Fax: (913) 523-2785

		
	 Address for notices to Licensee:
	  	 Virgin Mobile USA, LLC

		  	10 Independence Boulevard
		  	 Warren, New Jersey 07059

		  	 Attention: General Counsel

		  	 Fax: (908) 607-4078

  

 Page 13 

 13.2 The parties may change the address, facsimile number or the name of the person for whose attention notices are to be
addressed by serving a notice on the other party in accordance with the provisions of this Clause. 
  

	13.3	 	All notices given in accordance with Clause 13.1 above shall be deemed to have been served as follows: 

  

	(a)	 	if delivered by hand or courier, at the time of delivery; 

  

	(b)	 	if posted, at the expiration of three (3) Business Days after the envelope containing the same was delivered into the custody of the postal authorities; or

  

	(c)	 	if communicated by facsimile, at the time of transmission, 

 provided that
where, in the case of delivery by hand or transmission by facsimile, such delivery or transmission occurs after 6 p.m. on a Business Day or on a day which is not a Business Day, service shall be deemed to occur at 9 a.m. on the next following
Business Day. References to time in this clause are to local time in the country of the addressee. 
 13.4 In proving such service it shall be sufficient to
prove that the envelope containing such notice was properly addressed and delivered either to the address shown or into the custody of the postal authorities as a pre-paid first class letter, or that the facsimile transmission was made after
obtaining in person or by telephone appropriate evidence of the capacity of the addressee to receive the same, as the case may be. 
  

 Page 14 

 GENERAL 
 Waiver 
 14.1 No delay, failure or indulgence by either party to perform any provision of this Agreement shall operate
or be construed as a waiver of that party’s powers or rights under this Agreement or prejudice that party’s rights to subsequent action. Any waiver by either party of its rights under this Agreement shall not operate as a waiver in respect
of any subsequent breach. No single or partial exercise of any power or right by either party shall preclude any other or further exercise thereof or the exercise of any such other power or right under this Agreement. 
 Modifications 
 14.2 No amendment or modification to this Agreement
will be effective or binding unless it is in writing, signed by both the parties and specifically states that it is an amendment to this Agreement. 
 Invalidity 
 14.3 If at any time any one or more of the provisions (or part of one or more of the provisions) of this Agreement becomes
invalid, illegal or unenforceable in any respect, under any law, the validity, legality and enforceability of the remaining provisions (or part or parts) shall not in any way be affected or impaired. 
 Entire Agreement 
 14.4 This Agreement sets out the entire agreement
and understanding between Sprint and the Licensee in respect of the use of the Marks by the Licensees and supersedes all previous representations, understandings, licenses or agreements, whether oral or written, in relation to such use. It is agreed
that: 
  

	(a)	 	no party has entered into this Agreement in reliance upon any representation, warranty or undertaking of any other party which is not expressly set out or referred to in this
Agreement; 

  

	(b)	 	subject only to (c) below, no party shall have a claim or remedy in respect of misrepresentation (whether negligent or otherwise) or untrue statement made by any other party;
and 

  

	(c)	 	this Clause shall not exclude any liability for fraudulent misrepresentation. 

 Independent Contractors 
 14.5 Nothing in this Agreement shall create, or be deemed to create, a partnership, a joint venture, an agency, a
fiduciary duty or employment between the parties. The only relationship created by this Agreement is that of independent contractors, and, except as expressly provided herein, neither party by virtue of this Agreement has authority to transact any
business in the name of the other party or on its behalf or incur any liability for or on behalf of the other party. 
  

 Page 15 

 Governing Law 
 14.6
This Agreement shall be governed by and construed in accordance with New York law. Each of the parties irrevocably submits to the non-exclusive jurisdiction of the Courts of the state of Delaware and the courts of the United States of America for
the District of Delaware, and appellate courts of any such courts. 
 Counterparts 
 14.7 This Agreement may be executed in counterparts, each of which shall be considered an original, with the same effect as if the parties or their representatives signed the same instrument. 
 Further Assurances 
 14.8 Sprint and the Licensee shall, at the
Licensee’s expense, execute and deliver all such documents and take or procure the execution of all such documents (in a form reasonably satisfactory to both parties) as may from time to time be required to give full effect to this Agreement.

 Costs 
 14.9 Each party shall bear its own costs in
connection with the negotiation, preparation and implementation of this Agreement. 
 Insurance 
 14.10 The Licensee shall ensure that it maintains at all times during the Term, current policies of insurance sufficient to indemnify against any product liability claims
of up to twenty five million United States dollars ($25,000,000) arising from use of the Licensee’s products and services and naming Sprint as an additional insured. 
 Dispute Resolution 
 14.11 In the event there is a dispute between the parties regarding the interpretation of any
provision this Agreement or either party’s performance under any provision of this Agreement (a Dispute), the parties shall attempt to resolve such Dispute in accordance with this Clause 14.11. This Clause 14.11 shall be without
prejudice to either party’s right to take the action (including termination of this Agreement) described in Clause 9.2 in accordance with those Clauses. 
  

	(a)	 	 Upon written request of either party (the Resolution Request), the Dispute shall be submitted for resolution to a dispute resolution team which shall
be comprised of two representatives from each party (the Integrated Action Team). The Integrated Action Team shall meet as often as necessary to gather and furnish to each party all information with respect to the matter in issue,
which is appropriate and germane for its resolution. The Integrated Action Team shall discuss the Dispute and negotiate in good faith in an effort to resolve the Dispute without the necessity of further action relating thereto. During the course of
such negotiation, all reasonable requests made by one party to the other for non-privileged information reasonably related to this Agreement and the 

  

 Page 16 

	 	 
Dispute will be honored in order that such party may be fully advised of the other’s position. The specific format for such discussions will be left to
the discretion of the Integrated Action Team, but may include the preparation of agreed upon statements of fact or written statements of position furnished by each party to the other. 

  

	(b)	 	If the Dispute is not fully resolved by the Integrated Action Team within fifteen (15) Business Days after the delivery of the Resolution Request, then either of the parties
may request that the Dispute be escalated to the Designated Officers of the parties (the Escalation Request), after which, within fifteen (15) Business Days of the delivery of the Resolution Request, each of the parties shall
prepare and send to the Designated Officers of the parties, respectively, a memorandum stating its understanding of the matter subject to the Dispute, its position in relation to such matter, its reasons for taking such position and any proposals
for resolving the Dispute. 

  

	(c)	 	The Designated Officers shall as soon as reasonably practicable (within at least fifteen (15) Business Days after the Dispute has been referred to such Designated Officers or
as such Designated Officers shall otherwise agree) meet (in person or by telephone) to discuss the Dispute and use their reasonable best efforts to resolve it. Designated Officers means each entity’s President, CEO or Chairman (as
applicable). 

  

	(d)	 	Notwithstanding anything in this Agreement to the contrary, either party may resort to court action for injunctive relief at any time if the dispute resolution process set forth in
this Clause would permit or cause irreparable damage to such party due to delay arising out of the dispute resolution process. 

 [Remainder of page intentionally left blank.] 
  

 Page 17 

 [Signature page to Amended and Restated Trademark License Agreement] 
 IN WITNESS WHEREOF the undersigned have executed this Agreement as of the day and year first written above. 
  

			
	SPRINT COMMUNICATIONS COMPANY L.P.
		
	By	 	  

	Name:	 	
	Title:	 	
	
	VIRGIN MOBILE USA, LLC
		
	By	 	  

	Name:	 	
	Title:	 	

  

 Page 18

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