Document:

EX-10.2

 Exhibit 10.2 

EMPLOYMENT AND SETTLEMENT AGREEMENT 

THIS EMPLOYMENT AND SETTLEMENT AGREEMENT (the “Agreement”), dated as of February 17, 2016, is entered into by and
among Lakeland Bank, a New Jersey-chartered commercial bank (the “Bank”), Harmony Bank, a New Jersey-chartered commercial bank (the “Company”) and Richard S. Machtinger (“Executive”). The Bank, the
Company and the Executive are sometimes collectively referred to herein as the “Parties” or individually referred to as a “Party.” 

RECITALS 
 WHEREAS,
pursuant to that certain Agreement and Plan of Merger (the “Merger Agreement”), dated as of February 17, 2016, by and among Lakeland Bancorp, Inc., the Bank and the Company, the Company will merge with and into the Bank,
with the Bank as the resulting institution; 
 WHEREAS, the Company and Executive are parties to that certain Amended and Restated
Employment Agreement, dated as of February 3, 2015 (the “Existing Employment Agreement”), pursuant to which Executive is employed as Executive Vice President and Chief Lending Officer of the Company; 

WHEREAS, the Bank desires to employ Executive following the “Effective Time” (as defined in the Merger Agreement) and
Executive is willing to continue as an employee of the Bank following the Effective Time, on the terms and conditions set forth herein; 

NOW, THEREFORE, in consideration of the mutual covenants herein contained, and of other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows: 
 1. Effective Time. This Agreement shall
become effective as of the “Effective Time” (as defined under the Merger Agreement). This Agreement shall supersede the Existing Employment Agreement. For the avoidance of doubt, the Existing Agreement shall be null and void as of the
Effective Time. 
 2. Title; Duties. Executive shall be employed by the Bank as a Senior Vice President and Jackson Lending Team
Leader. Executive shall have such duties and responsibilities as the President and Chief Executive Officer of the Bank shall determine. Executive’s employment with the Bank shall be on an “at-will” basis. 

3. Base Salary; Bonus. Executive’s base salary shall be $198,000 per annum, and Executive may be awarded such bonuses, if any, as
the board of directors of the Bank may, in its sole discretion, deem appropriate. All such amounts shall be subject to applicable withholding taxes. 

 4. Employee Benefits. Executive shall be entitled to participate in such employee benefit
plans and programs as the Bank generally makes available to other employees of the Bank from time to time. Executive shall be entitled to vacation and other leave in accordance with the Bank’s vacation and leave policies as in effect from time
to time. 
 5. Change in Control Payment. Subject to Executive’s execution of a release in substantially the form set forth
hereto as Exhibit A hereto, the Bank will pay Executive an amount equal to the “Change in Control Salary Continuation Compensation” amount that would have been payable to Executive pursuant to Sections 7(c) and 9(l) of the Existing
Employment Agreement had his employment been terminated pursuant to Section 7(a) of the Existing Employment Agreement at the Effective Time, determined based on Executive’s base salaries and bonuses from the Company prior to the Effective
Time. The Change in Control Salary Continuation Compensation shall be paid to Executive, commencing on the fifteenth banking business day of the calendar month which begins following the sixtieth day after the Effective Time, in thirty-six
(36) equal installments, less all applicable withholding taxes, on the fifteenth and final banking business days of each calendar month. In the event of Executive’s death before all such installments have been paid, the remaining
cumulative installments shall be accelerated and paid within thirty (30) days of Executive’s death (the “Payment Date”) to the Executive’s spouse, if she is living on the Payment Date. If Executive’s spouse is
not living on the Payment Date, such amount shall be paid to, or deposited with the Surrogate’s Court for the vicinage where Executive resided at the time of his death for the benefit of, Executive’s estate. For avoidance of doubt, the
Parties agree that the amounts payable hereunder shall be reduced in accordance with Section 7(c) of the Existing Employment Agreement to the extent necessary to ensure that such payments, together with any other “parachute payments”
(within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and regulations issued thereunder (“Section 280G”) paid, payable or provided to Executive, do not constitute
“excess parachute payments” for purposes of Section 280G. It is understood and agreed by the Parties that such payments are in full and complete satisfaction of any and all amounts that Executive may have been entitled to under
Sections 6, 7, 7A and/or 9(l) of the Existing Employment Agreement. 
 6. Confidentiality and Covenants Against Competition, Solicitation,
Disparagement. 
 (a) Executive agrees that his services hereunder are of a special, unique, extraordinary and intellectual character,
and his position with the Bank places him in a position of confidence and trust with employees, customers, and suppliers of the Bank. Executive further agrees and acknowledges that in the course of Executive’s employment with the Bank,
Executive has been and will be privy to confidential information of the Bank. Executive consequently agrees that it is reasonable and necessary for the protection of the trade secrets, goodwill and business of the Bank that Executive make the
covenants contained herein. Accordingly, Executive agrees that while employed by the Bank and during the “Restrictive Period” (defined below), Executive shall not (without the express prior written consent of the Bank), directly or
indirectly, 

  
 -2- 

 (i) become Associated With any Competing Business in the Territory; or 

(ii) solicit, sell, call upon or induce others to solicit, sell or call upon, directly or indirectly, any customer or
prospective customer of the Bank for the purpose of inducing any such customer or prospective customer to engage in banking or other financial services with a Competing Business in the Territory; or 

(iii) employ, solicit for employment, or advise or recommend to any other person that they employ or solicit for employment or
retention as a consultant, any person who is, or was at any time within twelve (12) months prior to the last day of Executive’s employment with the Bank, an employee of, or exclusive consultant to, the Bank. 

(b) For purposes of this Section 6, the term: 

(i) “Bank” shall include the Bank, and any of its parents, subsidiaries or affiliates. 

(ii) “Competing Business” means any business which, directly or indirectly, provides banking or other financial
services of a kind or nature like or substantially similar to the financial services performed or financial products sold by the Bank. 

(iii) “Associated With” means serving as an owner, officer, employee, independent contractor, agent or a holder of 5%
or more of any class of equity securities of, director, trustee, member, consultant or partner of any person, corporation or other entity engaged in a Competing Business. 

(iv) “Restrictive Period” means the twelve (12) month period commencing from Executive’s date of
termination with the Bank, regardless of the reason for such termination; provided, however, for purposes of Section 6(i) above, neither the Restricted Period nor the restrictions set forth in Section 6(i) shall apply unless
either Executive resigns from employment other than for “Good Reason” (as defined below) or Executive’s employment is involuntarily terminated for “Cause” (as defined below). 

(v) “Territory” means a geographic area within thirty (30) miles of any of the Bank’s offices (branches or
otherwise) at the time of Executive’s termination of employment. 
 (vi) “Cause” shall mean any of the
following: (a) Executive’s personal dishonesty which has a material adverse effect upon the Bank, (b) willful misconduct, (c) breach of fiduciary duty involving personal profit, (d) intentional

  
 -3- 

 
failure to perform stated duties, (e) willful violation of any law, rule or regulation or final cease-and-desist order or (f) a material breach of any provision of this Agreement;
provided, however that with respect to clauses (d) and (f) above, a termination shall only be for “Cause” if Executive has been given fifteen (15) days written notice of a Cause determination and a reasonable opportunity to
cure such concern. 
 (vii) “Good Reason” shall mean any of the following, if taken without Executive’s
express written consent: (a) a material diminution in Executive’s base salary, (b) a material diminution in Executive’s title, authority, duties, or responsibilities, or (c) a change in Executive’s principal place of
employment to a location that is more than thirty (30) miles away from the location of Executive’s principal place of employment at the Effective Time. In all other cases, a resignation by Executive shall be deemed to be without Good
Reason. Executive may not resign for Good Reason, and shall not be considered to have done so, unless (I) Executive, within sixty (60) days of the initial existence of the act or failure to act by the Bank which Executive believes to
constitute “Good Reason” (as defined herein), provides the Bank with written notice which describes, in particular detail, the act or failure to act which Executive believes to constitute “Good Reason” and identifies the
particular clause within the definition of “Good Reason” (as defined herein) which Executive contends is applicable to such act or failure to act; (II) the Bank, within thirty (30) days of its receipt of such notice, fails or refuses
to rescind such act or remedy such failure to act so as to eliminate “Good Reason” for the termination by Executive of his employment relationship with the Bank, and (III) Executive actually resigns from his employment with the Bank on or
before that date which is exactly six (6) calendar months after the initial existence of the act or failure to act by the Bank which constitutes “Good Reason” (as defined herein). If the requirements of the preceding sentence are not
fully satisfied on a timely basis, then the resignation by Executive of his employment with the Bank shall not be deemed to have been for “Good Reason”. 

(c) If Executive commits a breach or is about to commit a breach, of any of the provisions of this Section 6, the Bank shall have the
right to have the provisions of this Agreement specifically enforced by any court having equity jurisdiction without being required to post bond or other security and without having to prove the inadequacy of the available remedies at law, it being
acknowledged and agreed that any such breach or threatened breach will cause irreparable injury to the Bank and that money damages will not provide an adequate remedy to the Bank. In addition, the Bank may take all such other actions and remedies
available to it under law or in equity and shall be entitled to such damages as it can show it has sustained by reason of such breach. 
 (d)
Executive shall not make any negative or disparaging comments regarding the Bank or any of its officers, directors, shareholders, partners, members, managers, agents or employees (collectively, the “Representatives”), including
regarding the performance of the Bank, or otherwise take any action that could reasonably be expected to adversely affect the Bank or the personal or professional reputation of any of its Representatives. Disclosure of

  
 -4- 

 
information required to be disclosed pursuant to any applicable law, court order, subpoena, compulsory process of law, or governmental decree shall not constitute a violation or breach of this
Section 6(d); provided, that written notice of such required disclosure is provided to the Bank promptly before making such disclosure if such notice is not prohibited by applicable law, court order, subpoena, compulsory process of law, or
governmental decree. 
 (e) Executive further agrees that all documents, reports, plans, proposals, marketing and sales plans, customer
lists, or materials principally relating to the businesses of the Bank and made by Executive or that came or come into Executive’s possession by reason of Executive’s employment by the Bank are the property of the Bank and shall not be
used by Executive in any way adverse to the interests of the Bank. Executive will not, during his employment with the Bank and thereafter, deliver, reproduce or in any way allow such documents or things to be delivered or used by any third party
without specific written direction or written consent of a duly authorized representative of the Bank. During or after termination of Executive’s employment with the Employer, Executive will not publish, release or otherwise make available to
any third party any information describing any trade secret or other confidential information of the Bank without prior specific written authorization of the Bank. 

(f) During Executive’s employment with the Bank and thereafter, Executive will regard and preserve as confidential all trade secrets and
other confidential information pertaining to the business of the Bank that have been or may be obtained by Executive by reason of Executive’s employment by the Bank. Executive will not, without written authority from the Bank to do so, use for
Executive’s own benefit or purposes, nor disclose to others, either during Executive’s employment by the Bank or thereafter any trade secret or other confidential information relating to the business of the Bank, except as required in the
course of the Executive’s employment with the Bank, or as required by law, or as (and only to the extent) required pursuant to legal process or by an order of a court having competent jurisdiction or under subpoena from an appropriate
government agency (and then only after providing the Bank with the opportunity to prevent such disclosure or to receive confidential treatment for the confidential information required to be disclosed); and Executive will not take or retain or copy
any of the information, customer lists, or other documents of the Bank. This Section 6(f) shall not apply with respect to information which has been voluntarily disclosed to the public by or with the consent of the Bank, independently developed
and disclosed by others, or otherwise enters the public domain through lawful means. 
 (g) For purposes of this Agreement, the term
“trade secret” shall include, but not be limited to, information encompassed in all plans, proposals, marketing and sales plans, customer lists, mailing lists, financial information, costs, pricing information, and all concepts or ideas in
or reasonably related to the businesses of the Bank (whether or not divulged by Executive or other employees or agents of the Bank) that have not previously been publicly released by duly authorized representatives of the Bank. 

  
 -5- 

 (h) Executive acknowledges that the type and periods of restriction imposed in the provisions of
this Section 6 are fair and reasonable and are reasonably required for the protection of the Bank and the goodwill associated with the business of the Bank; and that the time, scope, geographic area and other provisions of this Section 6
have been specifically negotiated by sophisticated parties and are given as an integral part of this Agreement. Executive specifically acknowledges that the restrictions contemplated by this Agreement will not prevent him from being employed or
earning a livelihood. If any of the covenants in this Section 6, or any part thereof, is hereafter construed to be invalid or unenforceable, the same shall not affect the remainder of the covenants, which shall be given full effect, without
regard to the invalid portions. If any of the covenants contained in this Section 6, or any part thereof, is held to be unenforceable because of the duration of such provision or the area covered thereby, the parties agree that the court making
such determination shall have the power to reduce the duration and/or areas of such provision and, in its reduced form, such provision shall then be enforceable. The parties hereto intend to and hereby confer jurisdiction to enforce the covenants
contained in this Section 6 upon the courts of any state or other jurisdiction within the geographical scope of such covenants. In the event that the courts of any one or more of such states or other jurisdictions shall hold such covenants
wholly unenforceable by reason of the breadth of such scope or otherwise, it is the intention of the parties hereto that such determination not bar or in any way affect the right of the Bank to the relief provided above in the courts of any other
states or other jurisdictions within the geographical scope of such covenants, as to breaches of such covenants in such other respective states or other jurisdictions, the above covenants as they relate to each state or other jurisdiction being, for
this purpose, severable into diverse and independent covenants. The existence of any claim or cause of action by Executive against the Bank shall not constitute a defense to the enforcement by the Bank of the foregoing restrictive covenants, but
such claim or cause of action shall be determined separately. 
 7. Section 409A. The Parties agree that this Agreement is to be
interpreted and administered in accordance with the requirements of Section 409A of the Code, and the regulatory and administrative authority promulgated thereunder (“Section 409A”). If any amounts payable hereunder are payable
in installments, then each installment shall be treated as a separate payment for purposes of Section 409A. The Bank shall consult with Executive in good faith regarding the implementation of this Section 7, provided, however, none of the
Bank, the Company, or their respective parents, subsidiaries, affiliates, directors, officers, employees, attorneys or advisors shall have any liability to Executive with respect to any penalties, taxes or other liabilities due to a failure to
comply with Section 409A. 
 8. Governing Law. This Agreement and the rights and remedies of the parties hereto shall be governed
by and subject to, and interpreted, enforced and construed in accordance with, the laws of the State of New Jersey and all federal laws applicable to the Bank, without regard to any applicable conflicts of law. 

9. Entire Agreement. This Agreement sets forth the entire understanding of the Parties with regard to the subject matter contained
herein and supersedes any and all prior agreements, arrangements or understandings, whether written or oral, relating to the subject matter hereof, including without limitation the Existing Employment Agreement. 

  
 -6- 

 10. Waiver. A waiver by any party hereto of any condition or of the breach of any term,
covenant, representation or warranty contained in this Agreement whether by conduct or otherwise, in any one or more instances, shall not be deemed or construed as a further or continuing waiver of any such condition or of the breach of any other
term, covenant, representation or warranty set forth in this Agreement. 
 11. Amendments. This Agreement may not be amended except by
a writing signed by the Bank and Executive. 
 12. Number; Gender. The singular shall include the plural and the plural shall include
the singular; any gender shall include all other genders as the meaning and context of this Agreement shall require. 
 13. Headings.
The section headings contained herein have been inserted for convenience of reference only and shall not be used to interpret or construe or in any way affect the meaning or interpretation of the terms and provisions hereof. 

14. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed the original without
reference to the others. 
 [Signature Page Follows] 

  
 -7- 

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the date first
specified above. 
  

			
	LAKELAND BANK
		
	By:	 	 /s/ Thomas J. Shara

	Title:	 	President and Chief Executive Officer
	Date:	 	February 17, 2016
	
	HARMONY BANK
		
	By:	 	 /s/ Michael A. Schutzer

	Title:	 	President and Chief Executive Officer
	Date:	 	February 17, 2016
	
	EXECUTIVE
	
	 /s/ Richard S. Machtinger

	Name: Richard S. Machtinger
	Date: February 17, 2016

  
 -8- 

 EXHIBIT A 

FORM OF RELEASE AGREEMENT1 

THIS GENERAL RELEASE AGREEMENT (this “Release Agreement”) is entered into between
[            ], an individual residing at [            ] (“Executive”) and
[            Bank], a New Jersey-chartered commercial bank (the “Bank”). The Bank and Executive are referred to in this Release Agreement as each, a
“Party” and together, the “Parties”. 
 WITNESSETH THAT: 

WHEREAS, pursuant to that certain Employment and Settlement Agreement dated as of
[            , 2016] by and among between the Bank, [            Bank] and Executive (the “Employment and Settlement
Agreement”), the Bank has agreed to pay Executive the amount[s] set forth in Section 5 of such Employment and Settlement Agreement subject to Executive’s execution of a general release; 

WHEREAS, this Release Agreement is the release referenced in Section 5 of the Employment and Settlement Agreement. 

NOW, THEREFORE, in consideration of the foregoing premises, the mutual covenants and agreements contained herein, and other good and valuable
consideration the receipt and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: 

Section 1. General Release of Released Parties. In consideration of the payment[s] referenced in Section 5 of the
Employment and Settlement Agreement, Executive (on Executive’s own behalf and on behalf of Executive’s heirs, executors, administrators, trustees, legal representatives, successors and assigns) hereby unconditionally and irrevocably
releases, waives, discharges and gives up, to the fullest extent permitted by law, any and all Claims (as defined below) that Executive has or may have against any of the Released Parties, arising on or prior to the date of the Executive’s
execution and delivery of this Release Agreement to the Bank. “Claims” means any and all actions, charges, controversies, demands, causes of action, suits, rights, and/or claims whatsoever for debts, sums of money, wages, salary, severance
pay, expenses, commissions, fees, bonuses, stock options or other equity awards, vacation pay, sick pay, fees and costs, attorneys’ fees, losses, penalties, damages, including damages for pain and suffering and emotional harm, arising, directly
or indirectly, out of any promise, agreement (including, without limitation, the Existing Employment Agreement), offer letter, contract, understanding, common law, tort, the laws, statutes, and/or regulations of the State of New 

 

	1 	 This form of Release Agreement remains subject to change by the Bank based upon changes in applicable law in order to obtain a valid general release
of all Claims in favor of the Released Parties and/or to reflect a change in the name or form of the Bank. 

  
 -9- 

 
Jersey or any other state or municipality and the United States, including, but not limited to, federal and state wage and hour laws (to the extent waivable), federal and state whistleblower
laws, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Equal Pay Act, the Lilly Ledbetter Fair Pay Act of 2009, the Americans with Disabilities Act, the Family and Medical Leave Act, the Employee Retirement Income
Security Act of 1974, as amended, the Vietnam Era Veterans Readjustment Assistance Act, the Fair Credit Reporting Act, the Age Discrimination in Employment Act (“ADEA”), the Older Workers’ Benefit Protection Act, the Occupational
Safety and Health Act, the Sarbanes-Oxley Act of 2002, the federal False Claims Act, the Genetic Information Nondiscrimination Act, the New Jersey Law Against Discrimination, the New Jersey Family Leave Act, the New Jersey Civil Rights Act, the New
Jersey Conscientious Employee Protection Act and the New Jersey False Claims Act, as each may be amended from time to time, whether arising directly or indirectly from any act or omission, whether intentional or unintentional. This Section 1
releases all Claims including those of which Executive is not aware and those not mentioned in this Release Agreement. Notwithstanding anything contained herein to the contrary, the release set forth in this Section shall not apply to (x) the
payment and/or benefit obligations of the Bank under this Release Agreement, (y) any Claims to vested benefits under a retirement plan in which Executive participated, and (z) any indemnification or other rights Executive may have in
accordance with the governing instruments of the Bank or under any director and officer liability insurance maintained by the Bank with respect to liabilities arising as a result of Executive’s service as an officer and employee of the Bank or
any predecessor thereof. 
 As used in this Release Agreement, the “Released Parties” means the Bank, together with its
past, present and future direct and indirect parent entities, subsidiaries, affiliated entities, related companies and divisions and each of their respective past, present and future officers, directors, managers, employees, shareholders, trustees,
members, partners, attorneys, and agents (in each case, individually and in their official capacities) and each of their respective employee benefit plans (and such plans’ fiduciaries, agents, administrators and insurers, in their individual
and their official capacities), as well as any predecessors, future successors or assigns or estates of any of the foregoing. 

Section 2. Representations; Covenant not to Sue. Executive hereby represents and warrants that Executive has not
(a) filed, caused or permitted to be filed any pending proceeding (nor has Executive lodged a complaint with any governmental or quasi-governmental authority) against any of the Released Parties, nor has Executive agreed to do any of the
foregoing, (b) assigned, transferred, sold, encumbered, pledged, hypothecated, mortgaged, distributed, or otherwise disposed of or conveyed to any third party any right or Claim against any of the Released Parties that has been released in this
Release Agreement, or (c) directly or indirectly assisted any third party in filing, causing or assisting to be filed, any Claim against any of the Released Parties. Except as permitted by Section 5 below, Executive covenants and agrees
that Executive shall not encourage or solicit or voluntarily assist or participate in any way in the filing, reporting or prosecution by himself or any third party of a proceeding or Claim against any of the Released Parties. 

  
 -10- 

 Section 3. Construction of Agreement. In the event that one or more of the
provisions contained in this Release Agreement shall for any reason be held unenforceable in any respect under the law of any state of the United States or the United States, such unenforceability shall not affect any other provision of this Release
Agreement, but this Release Agreement and shall then be construed as if such unenforceable provision or provisions had never been contained herein or therein. This Release Agreement and any and all matters arising directly or indirectly herefrom
shall be governed under the laws of the State of New Jersey, without reference to conflict of law rules. The Bank and Executive consent to the sole jurisdiction of the federal and state courts of New Jersey with respect to any dispute that may arise
between them. THE BANK AND EXECUTIVE HEREBY WAIVE THEIR RESPECTIVE RIGHT TO TRIAL BY JURY IN ANY ACTION CONCERNING THIS RELEASE AGREEMENT OR ANY AND ALL MATTERS ARISING DIRECTLY OR INDIRECTLY HEREFROM, AND REPRESENT THAT THEY HAVE CONSULTED WITH
COUNSEL OF THEIR CHOICE OR HAVE CHOSEN VOLUNTARILY NOT TO DO SO SPECIFICALLY WITH RESPECT TO THIS WAIVER. 
 Section 4.
Parties Bound; Entire Agreement; Modification. This Release Agreement shall inure to the benefit of the Released Parties and shall be binding upon the Bank and its successors and assigns. This Release Agreement also shall inure to
the benefit of and be binding upon Executive and Executive’s heirs, administrators, executors and assigns. This Release Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof. This Release
Agreement may only be modified by a written instrument signed by Executive and an authorized officer the Bank. 
 Section 5.
Acknowledgments. The Bank and Executive acknowledge and agree that: 
 (a) By entering in this Release Agreement, Executive does
not waive any rights or Claims, including, without limitation, Claims arising under ADEA, that may arise after the date that Executive executes and delivers this Release Agreement to the Bank; 

(b) This Release Agreement shall not affect the rights and responsibilities of the Equal Employment Opportunity Commission (the
“EEOC”) or similar federal or state agency to enforce ADEA or other laws, and further acknowledge and agree that this Release Agreement shall not be used to justify interfering with Executive’s protected right to participate in an
investigation or proceeding conducted by the EEOC or similar federal or state agency. Accordingly, nothing in this Release Agreement shall preclude Executive from participating in any manner in an investigation, hearing or proceeding conducted by
the EEOC or similar federal or state agency, but Executive hereby waives any and all rights to recover under, or by virtue of, any such investigation, hearing or proceeding; and 

  
 -11- 

 (c) Notwithstanding anything set forth in this Release Agreement to the contrary, nothing in this
Release Agreement shall affect or be used to interfere with Executive’s protected right to test in any court, under the Older Workers’ Benefit Protection Act or like statute or regulation, the validity of the waiver of rights under ADEA
set forth in this Release Agreement. 
 Section 6. Opportunity for Review. 

(a) Executive is hereby advised and encouraged by the Bank to consult with his own independent counsel before signing this Release
Agreement. Executive represents and warrants that Executive: (i) has had sufficient opportunity to consider this Release Agreement; (ii) has read this Release Agreement; (iii) understands all the terms and conditions hereof;
(iv) is not incompetent or had a guardian, conservator or trustee appointed for Executive; (v) has entered into this Release Agreement of Executive’s own free will and volition; (vi) has duly executed and delivered this Release
Agreement; (vii) understands that Executive is responsible for the Executive’s own attorney’s fees and costs; (viii) understands that Executive has been given twenty-one (21) days to review this Release Agreement before
signing this Release Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Release Agreement, provided that this Release Agreement may not be
executed prior to [            , 2016]2, (ix) understands that if Executive does not sign and return this Release Agreement to the
Company (Attn: [            ]) within twenty-one (21) days following receipt of this Release Agreement, the Bank shall have no obligation to enter into this Release Agreement,
Executive shall not receive the payment[s] set forth in Section 5 of the Employment and Settlement Agreement; and (x) understands that this Release Agreement is valid, binding and enforceable against the Parties in accordance with its
terms. 
 (b) This Release Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to the Bank
by Executive. The Parties understand and agree that Executive may revoke this Release Agreement after having executed and delivered it to the Bank by so advising the Bank (Attn:
[            ]) in writing no later than 11:59 p.m. on the seventh (7th) day after Executive’s execution and delivery of this Release Agreement to the Bank. If Executive revokes
this Release Agreement, it shall not be effective or enforceable and Executive shall not receive the payment[s] set forth in Section 5 of the Employment and Settlement Agreement. 

[Signatures appear on the following page] 

 

	2 	Date to be approximately 8 days before the date that the payment(s) are to be made or commence in order to allow revocation period to expire. 

  
 -12- 

 Agreed to and accepted on this             day of
            ,             . 
  

	
	EXECUTIVE:
	
	  

	Name:

 Agreed to and accepted on this             day of
            ,             . 
  

	
	[                                      
      ] BANK:
	
	By:
                                         
                                         
             
	
	Name:                                     
                                         
            
	
	Title:                                     
                                         
              

  
 -13-EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
  

 
  

 
 T-MOBILE USA,
INC. 
 AND EACH OF THE GUARANTORS PARTY HERETO 
  

 
 6.000% SENIOR
NOTES DUE 2024 
 TWENTY-FIRST SUPPLEMENTAL INDENTURE 

Dated as of April 1, 2016 
  

 
 DEUTSCHE BANK
TRUST COMPANY AMERICAS 
 as Trustee 
  

 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	  
			
	 Section 1.01
	 	 Definitions.
	  	 	1	  
	 Section 1.02
	 	 Other Definitions.
	  	 	8	  
	 Section 1.03
	 	 Rules of Construction.
	  	 	8	  
		
	 ARTICLE II. THE NOTES
	  	 	8	  
			
	 Section 2.01
	 	 Creation of the Notes; Designations.
	  	 	8	  
	 Section 2.02
	 	 Forms Generally.
	  	 	9	  
	 Section 2.03
	 	 Title and Terms of Notes.
	  	 	9	  
	 Section 2.04
	 	 Transfer and Exchange.
	  	 	10	  
		
	 ARTICLE III. REDEMPTION AND PREPAYMENT
	  	 	11	  
			
	 Section 3.01
	 	 Optional Redemption.
	  	 	11	  
	 Section 3.02
	 	 Redemption Procedures.
	  	 	11	  
		
	 ARTICLE IV. COVENANTS
	  	 	12	  
		
	 ARTICLE V. MISCELLANEOUS
	  	 	13	  
			
	 Section 5.01
	 	 Effect of Twenty-First Supplemental Indenture.
	  	 	13	  
	 Section 5.02
	 	 Governing Law.
	  	 	13	  
	 Section 5.03
	 	 Waiver of Jury Trial.
	  	 	13	  
	 Section 5.04
	 	 No Adverse Interpretation of Other Agreements.
	  	 	13	  
	 Section 5.05
	 	 Successors.
	  	 	14	  
	 Section 5.06
	 	 Severability.
	  	 	14	  
	 Section 5.07
	 	 Counterparts.
	  	 	14	  
	 Section 5.08
	 	 Table of Contents, Headings, etc.
	  	 	14	  
	 Section 5.09
	 	 Beneficiaries of this Twenty-First Supplemental Indenture.
	  	 	14	  
	 Section 5.10
	 	 No Personal Liability of Directors, Officers, Employees and Stockholders.
	  	 	14	  
	 Section 5.11
	 	 The Trustee.
	  	 	15	  
		
	 ARTICLE VI. DEFUALTS AND REMEDIES
	  	 	15	  
			
	 Section 6.01
	 	 Events of Default.
	  	 	15	  

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 ARTICLE VII. [RESERVED]
	  	 	15	  
		
	 ARTICLE VIII. [RESERVED]
	  	 	15	  
		
	 ARTICLE IX. [RESERVED]
	  	 	15	  
		
	 ARTICLE X. NOTE GUARANTEES
	  	 	15	  

  
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 EXHIBITS 
  

			
	 Exhibit A
	    	Form of Initial Note

  
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 TWENTY-FIRST SUPPLEMENTAL INDENTURE (this “Twenty-First Supplemental Indenture”), dated as of
April 1, 2016 (the “Series Issue Date”), among T-Mobile USA, Inc., a Delaware corporation (the “Company”), the Guarantors party hereto and Deutsche Bank Trust Company Americas, a New York banking corporation,
as Trustee. 
 WHEREAS, the Company has heretofore executed and delivered an Indenture, dated as of April 28, 2013 (the “Base
Indenture”), among the Company, the Guarantors party thereto and the Trustee, providing for the issuance from time to time of one or more Series of the Company’s Notes; 

WHEREAS, Section 2.02 of the Base Indenture permits the forms and terms of the Notes of any Series as permitted in Sections 2.01 and 2.02 of the Base
Indenture to be established in a supplemental indenture to the Base Indenture; 
 WHEREAS, the Company has requested the Trustee to join with it and the
Guarantors in the execution of this Twenty-First Supplemental Indenture in order to supplement the Base Indenture by, among other things, establishing the forms and certain terms of a Series of Notes to be known as the Company’s 6.000% Senior
Notes due 2024 and adding certain provisions thereto for the benefit of the Holders of the Notes of such Series; 
 WHEREAS, the Company has furnished the
Trustee with a duly authorized and executed Company Order dated April 1, 2016 authorizing the execution of this Twenty-First Supplemental Indenture and the issuance of the Notes established hereby; and 

WHEREAS, all things necessary to make this Twenty-First Supplemental Indenture a valid, binding and enforceable agreement of the Company, the Guarantors and
the Trustee and a valid supplement to the Base Indenture have been done; 
 NOW, THEREFORE, the Company, the Guarantors and the Trustee agree as follows for
the benefit of each other and for the equal and ratable benefit of the Holders of the Notes established hereby: 
 ARTICLE I. 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 
 The Base Indenture, as
supplemented by the Eleventh Supplemental Indenture, dated as of May 1, 2013, by and among the Company, the guarantors party thereto and the Trustee, the Sixteenth Supplemental Indenture, dated as of August 11, 2014, by and among the
Company, the guarantors party thereto and the Trustee, and the Nineteenth Supplemental Indenture, dated as of September 28, 2015, by and among the Company, the guarantors party thereto and the Trustee, and as amended and supplemented in respect
of the Notes by this Twenty-First Supplemental Indenture is collectively referred to as the “Indenture.” All capitalized terms which are used herein and not otherwise defined herein are defined in the Base Indenture and are
used herein with the same meanings as in the Base Indenture. If a capitalized term is defined both in the Base Indenture and this Twenty-First Supplemental Indenture, the definition in this Twenty-First Supplemental Indenture shall apply to the
Notes established hereby (and any Note Guarantee in respect thereof). 

 “$3.5B Notes” means the $1,750,000,000 in principal amount of MetroPCS Wireless,
Inc.’s 6.250% Senior Notes due 2021 and $1,750,000,000 in principal amount of MetroPCS Wireless, Inc.’s 6.625% Senior Notes due 2023, each issued as of March 19, 2013, pursuant to the Indenture, between MetroPCS Wireless, Inc.,
MetroPCS, Inc., MetroPCS Communications, Inc., the guarantors party thereto, and Deutsche Bank Trust Company Americas, as supplemented by the First Supplemental Indenture dated March 19, 2013 or the Second Supplemental Indenture dated
March 19, 2013 thereto, as applicable, as amended by the Third Supplemental Indenture dated April 29, 2013, as further supplemented by the Fourth Supplemental Indenture dated May 1, 2013, among T-Mobile USA, Inc., the guarantors party
thereto and Deutsche Bank Trust Company Americas, as trustee, as further supplemented by the Fifth Supplemental Indenture, dated as of July 15, 2013, among T-Mobile USA, Inc., the guarantors party thereto and Deutsche Bank Trust Company
Americas, as trustee, as further supplemented by the Sixth Supplemental Indenture, dated as of August 11, 2014, among T-Mobile USA, Inc., the guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee, and as further
supplemented by the Seventh Supplemental Indenture, dated as of September 28, 2015, among T-Mobile USA, Inc., the guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee (as so supplemented and amended, the “$3.5B
Notes Indenture”), (ii) any additional 6.250% Senior Notes due 2021 and 6.625% Senior Notes due 2023 issued under the $3.5B Notes Indenture as part of the same series, and (iii) any “Exchange Notes” (as defined in the
$3.5B Notes Indenture) relating thereto. 
 “6 5/8% Senior Notes Indenture” means the Indenture, dated as of September 21, 2010, as supplemented by the Second Supplemental Indenture, dated November 17, 2010, among MetroPCS
Wireless, Inc., the guarantors party thereto and Wells Fargo Bank, N.A., as trustee, as supplemented by the Fourth Supplemental Indenture, dated as of December 23, 2010, by MetroPCS Wireless, Inc., the guarantors party thereto and Wells Fargo
Bank, N.A., as trustee, as further supplemented by the 6 5/8% Senior Notes Sixth Supplemental Indenture, governing the 6 5/8% Senior Notes due 2020 issued by MetroPCS Wireless, Inc., as further supplemented by the Seventh Supplemental Indenture, dated as of
May 1, 2013, among T-Mobile USA, Inc., the guarantors party thereto and Wells Fargo Bank, N.A., as trustee, as further supplemented by the Eighth Supplemental Indenture, dated as of July 15, 2013, among T-Mobile USA, Inc., the guarantors
party thereto and Wells Fargo Bank, N.A., as trustee, as further supplemented by the Ninth Supplemental Indenture, dated as of August 11, 2014, among T-Mobile USA, Inc., the guarantors named therein and Wells Fargo Bank, N.A, as trustee, and as
further supplemented by the Tenth Supplemental Indenture, dated as of September 28, 2015, among T-Mobile USA, Inc., the guarantors named therein and Wells Fargo Bank, N.A., as trustee. 

“Closing Date” means the date on which the Merger was consummated, or May 1, 2013. 

“Consolidated Cash Flow” means, with respect to any specified Person for any period, the Consolidated Net Income of such
Person for such period plus, without duplication: 
 (1) provision for taxes based on income or profits of such Person and
its Restricted Subsidiaries for such period, to the extent that such provision for taxes was deducted in computing such Consolidated Net Income; plus  

  
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 (2) the Consolidated Interest Expense of such Person and its Restricted
Subsidiaries for such period, to the extent that such Consolidated Interest Expense was deducted in computing such Consolidated Net Income; plus  

(3) depreciation, amortization (including non-cash impairment charges and any write-off or write-down or amortization of
intangibles but excluding amortization of ordinary course prepaid cash expenses that were paid in a prior period) and other non-cash expenses or charges (excluding any such non-cash expense to the extent that it represents an ordinary course accrual
of or reserve for cash expenses in any future period or amortization of any ordinary course prepaid cash expense that was paid in a prior period) of such Person and its Restricted Subsidiaries for such period to the extent that such depreciation,
amortization and other non-cash expenses or charges were deducted in computing such Consolidated Net Income; plus  

(4) any net after-tax extraordinary, nonrecurring or unusual gains or losses or income, expenses or charges (including all fees
and expenses relating thereto), including (a) any fees, expenses and costs relating to the Towers Transaction, (b) any fees, expenses or charges related to any sale or offering of Equity Interests of such Person or Parent, any acquisition
or disposition or any Indebtedness, in each case that is permitted to be incurred hereunder (in each case, whether or not successful), or the offering, amendment or modification of any debt instrument, including the offering, any amendment or other
modification of the Notes of this Series, provided that Consolidated Cash Flow shall not be deemed to be increased by more than $250.0 million in any twelve-month period pursuant to this clause (b), (c) any premium, penalty or fee
paid in relation to any repayment, prepayment or repurchase of Indebtedness, (d) any fees or expenses relating to the Transactions and the offering, issuance and sale (in each case, whether or not successful) of the DT Notes and any
“Exchange Notes” (as defined in the Base Indenture) issued in respect thereof and the Permitted MetroPCS Notes and any “Exchange Notes” (as defined in the $3.5B Notes Indenture), and (e) restructuring charges, integration
costs (including retention, relocation and contract termination costs) and related costs and charges, provided such costs and charges under this clause (e) shall not exceed $300.0 million in any twelve-month period, plus, for the
first four years after the Closing Date, up to an additional $300.0 million in any twelve-month period related to the Transactions); plus  

(5) New Market Losses, up to a maximum aggregate amount of $300.0 million in any twelve-month period; minus  

(6) non-cash items increasing such Consolidated Net Income for such period, other than the accrual of revenue in the ordinary
course of business, in each case, on a consolidated basis and determined in accordance with GAAP. 
 Notwithstanding the preceding, the
provision for taxes based on the income or profits of, and the depreciation and amortization and other non-cash expenses of, a Restricted Subsidiary of the Company that is not a Subsidiary Guarantor will be added to Consolidated Net Income to
compute Consolidated Cash Flow of the Company only to the extent that a corresponding amount would be permitted at the date of determination to be dividended to the Company by such 

  
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Restricted Subsidiary without prior governmental approval (that has not been obtained), and without direct or indirect restriction pursuant to the terms of its charter and all agreements,
instruments, judgments, decrees, orders, statutes, rules and governmental regulations applicable to that Restricted Subsidiary or its stockholders. 

For the avoidance of doubt, calculations of “Consolidated Cash Flow” of the Company for any period prior to the Closing Date for
purposes of calculating the Debt to Cash Flow Ratio shall be on a pro forma basis as described in the last paragraph of the definition of “Debt to Cash Flow Ratio.” 

“DT Notes” shall have the meaning assigned to such term in the Business Combination Agreement. 

“Existing Indebtedness” means (a) Indebtedness of the Company and its Subsidiaries (other than Indebtedness in respect
of the DT Notes) in existence on the Closing Date, until such amounts are repaid, (b)(1) the $3.5B Notes in existence on the Closing Date (and any “Exchange Notes” (as defined in the $3.5B Notes Base Indenture) relating thereto) and the
TMUS Working Capital Facility, and (2) all other Indebtedness of MetroPCS Wireless, Inc. and its Subsidiaries in existence on the Closing Date that was not incurred in violation of the terms of the Business Combination Agreement, in each case
until such amounts are repaid (provided that the aggregate principal amount of Indebtedness incurred in contemplation of the Transactions, including any Indebtedness in the form of the $3.5B Notes and notes issued on the date of the Base Indenture
(other than Indebtedness under the TMUS Working Capital Facility), in each case permitted by this clause (b), shall not exceed $20.5 billion). 

“Existing Senior Notes” means (i) the 7 7/8% Senior Notes due 2018 issued pursuant to that certain Indenture, dated as of September 21, 2010, among MetroPCS Wireless, Inc., the guarantors named therein and Wells Fargo Bank, N.A., as
trustee, as amended and supplemented by that certain First Supplemental Indenture, dated as of September 21, 2010, among MetroPCS Wireless Inc., the guarantors named therein and Wells Fargo Bank, N.A., as trustee, as further supplemented by
that certain Third Supplemental Indenture, dated as of December 23, 2010, among MetroPCS Wireless, Inc., the guarantors named therein and Wells Fargo Bank, N.A., as trustee, and as amended and restated by that certain Fifth Supplemental
Indenture, dated as of December 14, 2012, among MetroPCS Wireless, Inc., the guarantors named therein and Wells Fargo Bank, N.A., as trustee, (ii) the 6 5/8% Senior Notes due 2020 issued pursuant to the 6 5/8% Senior Notes Indenture,
(iii) the $3.5B Notes existing on the Closing Date, (iv) the DT Notes existing on the Closing Date, (v) the 5 1⁄4% Senior Notes due 2018 issued
pursuant to the Base Indenture, as supplemented by that certain Thirteenth Supplemental Indenture, dated as of August 21, 2013, by and among the Company, the guarantors named therein and the Trustee, (vi) the 6.125% Senior Notes due 2022
issued pursuant to the Base Indenture, as supplemented by that certain Fourteenth Supplemental Indenture dated as of November 21, 2013, by and among the Company, the guarantors named therein and the Trustee, (vii) the 6.500% Senior Notes
due 2024 issued pursuant to the Base Indenture, as supplemented by that certain Fifteenth Supplemental Indenture dated as of November 21, 2013, among T-Mobile USA, Inc., the guarantors named therein and Deutsche Bank Trust Company Americas, as
trustee, (viii) the 6.000% Senior Notes due 2023 issued pursuant to the Base Indenture, as supplemented by that certain Seventeenth Supplemental Indenture dated as of September 5, 2014, among T-Mobile USA, Inc., the guarantors named

  
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therein and Deutsche Bank Trust Company Americas, as trustee, (ix) the 6.375% Senior Notes due 2025 issued pursuant to the Base Indenture, as supplemented by that certain Eighteenth
Supplemental Indenture dated as of September 5, 2014, among T-Mobile USA, Inc., the guarantors named therein and Deutsche Bank Trust Company Americas, as trustee and (x) the 6.500% Senior Notes due 2026 issued pursuant to the Base
Indenture, as supplemented by that certain Twentieth Supplemental Indenture dated as of November 5, 2015, among T-Mobile USA, Inc., the guarantors named therein and Deutsche Bank Trust Company Americas, as trustee. 

“Issue Date” means the effective date of the Board Resolution, Officers’ Certificate or supplemental indenture pursuant
to which the first series of DT Notes was issued under the Base Indenture, or April 28, 2013. 
 “Permitted
Investments” means: 
 (1) any Investment in the Company or in any Restricted Subsidiary of the Company; 

(2) any Investment in Cash Equivalents; 

(3) any Investment by the Company or any Restricted Subsidiary of the Company in a Person, if as a result of such Investment:

 (a) such Person becomes a Restricted Subsidiary of the Company; or 

(b) such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets
to, or is liquidated into, the Company or a Restricted Subsidiary of the Company; 
 (4) any Investment made as a result of
the receipt of non-cash consideration from an Asset Sale that was made pursuant to and in compliance with Section 4.10 of the Base Indenture; 

(5) any acquisition of assets or Capital Stock solely in exchange for the issuance of Equity Interests (other than Disqualified
Stock) of the Company or Equity Interests of Parent; 
 (6) any Investments received in compromise or resolution of
(A) obligations of trade creditors or customers that were incurred in the ordinary course of business of the Company or any of its Restricted Subsidiaries, including pursuant to any plan of reorganization or similar arrangement upon the
bankruptcy or insolvency of any trade creditor or customer; or (B) litigation, arbitration or other disputes with Persons who are not Affiliates; 

(7) Investments represented by Hedging Obligations; 

(8) loans or advances to employees made in the ordinary course of business of the Company or any Restricted Subsidiary of the
Company in an aggregate principal amount not to exceed $50.0 million at any one time outstanding; 

  
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 (9) any payment on or with respect to, or purchase, redemption, defeasement or
other acquisition or retirement for value of (i) the Notes of this Series, and any Additional Notes of the same Series, (ii) the DT Notes, and any Additional Notes (as defined in the Base Indenture) of the same Series, and any Exchange
Notes (as defined in the Base Indenture) relating thereto, (iii) any of MetroPCS Wireless Inc.’s 7 7/8% Senior Notes due 2018
issued pursuant to that certain Indenture, dated as of September 21, 2010, among MetroPCS Wireless, Inc., the guarantors named therein and Wells Fargo Bank, N.A., as trustee, as amended and supplemented by that certain First Supplemental
Indenture, dated as of September 21, 2010, among MetroPCS Wireless Inc., the guarantors named therein and Wells Fargo Bank, N.A., as trustee, as further supplemented by that certain Third Supplemental Indenture, dated as of December 23,
2010, among MetroPCS Wireless, Inc., the guarantors named therein and Wells Fargo Bank, N.A., as trustee, and as amended and restated by that certain Fifth Supplemental Indenture, dated as of December 14, 2012, among MetroPCS Wireless, Inc.,
the guarantors named therein and Wells Fargo Bank, N.A., as trustee, (iv) any of MetroPCS Wireless Inc.’s 6 5/8% Senior Notes
due 2020 issued pursuant to the 6 5/8% Senior Notes Indenture, (v) any of the $3.5B Notes or (vi) any other Indebtedness that
is pari passu with the Notes of this Series; 
 (10) advances and prepayments for asset purchases in the ordinary course of
business in a Permitted Business of the Company or any of its Restricted Subsidiaries; 
 (11) Investments existing on the
Closing Date, including Investments held by MetroPCS Wireless, Inc., the Company and their Subsidiaries immediately prior to the Merger; 

(12) Investments in the ISIS Joint Venture having an aggregate Fair Market Value (measured on the date each such Investment was
made and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (12) since the Closing Date that are at that time outstanding, not to exceed $300.0 million; 

(13) Permitted Bond Hedge Transactions which constitute Investments; 

(14) (a) Permitted Joint Venture Investments, and (b) other Investments in any Person other than an Affiliate of the
Company (excluding any Person that is an Affiliate of the Company solely by reason of Parent’s ownership, directly or indirectly, of Equity Interests or Parent’s control, of such Person or which becomes an Affiliate as a result of such
Investment), to the extent such Investment under (a) or (b) has an aggregate Fair Market Value (measured on the date each such Investment was made and without giving effect to subsequent changes in value), when taken together with all
other Investments made pursuant to this clause (14) that are at the time outstanding, not to exceed 12.5% of the Company’s Total Assets on the date of such Investment; 

(15) Investments in a Person primarily engaged in a Permitted Business having an aggregate Fair Market Value (measured on the
date each such Investment was made and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (15) since the Closing Date that are at that time outstanding, not to
exceed $250.0 million; 

  
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 (16) guarantees permitted under Section 4.09 hereof; and 

(17) deposits or payments made with the FCC in connection with the auction or licensing of Governmental Authorizations; 

(18) any Investment deemed made from time to time pursuant to Section 4.18 of the Base Indenture in connection with a
Specified Unrestricted Subsidiary Designation, in an amount equal to the aggregate Fair Market Value of all outstanding Investments owned by the Company and its Restricted Subsidiaries in the Subsidiaries designated as Unrestricted Subsidiaries
pursuant to such Specified Unrestricted Subsidiary Designation, but only to the extent not in excess of the aggregate Fair Market Value of all outstanding Investments owned by the Company and its Restricted Subsidiaries in such designated
Subsidiaries as of the Closing Date (for this purpose, it shall be assumed, as regards to Investments in any Designated Tower Entity, that all wireless communications sites, towers, and related contracts, equipment, improvements, real estate, and
other assets of the Company and its Subsidiaries subject to the Towers Transaction that are contemplated to be transferred to the Designated Tower Entities in accordance with the terms of the Towers Transaction, as contemplated in the Towers
Transaction Agreements as in effect as of March 19, 2013, had been transferred to the Designated Tower Entities, whether or not all such transfers have in fact then taken place, but disregarding any transfers of assets not part of the Towers
Transaction as contemplated in the Towers Transaction Agreements as in effect as of March 19, 2013); and 
 (19) any
other Investments made in connection with the Towers Transaction, as contemplated in the Towers Transaction Agreements as in effect as of March 19, 2013. 

Notwithstanding any other provision to the contrary, no Permitted Investment shall be deemed to be a Restricted Payment. 

“Permitted MetroPCS Notes” shall have the meaning assigned to such term in the Business Combination Agreement. 

“Series Issue Date Existing Indebtedness” means the Notes of any Series (other than the Notes of this Series) issued under
the Base Indenture and in existence on or being issued on the Series Issue Date (including the DT Notes) (and any “Exchange Notes” (as defined in the Base Indenture) relating thereto) and, in each case, the related Note Guarantees (other
than the Notes issued on the Series Issue Date). 
 “Transactions” means (i) the Merger, (ii) the offering of the
Permitted MetroPCS Notes and the DT Notes and the incurrence of the TMUS Working Capital Facility, (iii) the refinancing of Existing Indebtedness on or prior to the Closing Date, (iv) the “Cash Payment” and the “MetroPCS
Reverse Stock Split”, each as defined in the Business Combination Agreement, and (v) all other transactions consummated in connection therewith. 

  
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 “TMUS Working Capital Facility” shall have the meaning assigned to such term in
the Business Combination Agreement. 
 Section 1.02 Other Definitions. 

 

					
	 Additional Notes
	  	 	2.03	  
	 Base Indenture
	  	 	Recitals	  
	 Twenty-First Supplemental Indenture
	  	 	Preamble	  
	 Series Issue Date
	  	 	Preamble	  

 Section 1.03 Rules of Construction. 

Unless the context otherwise requires: 

(1) a term has the meaning assigned to it; 

(2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(3) “or” is not exclusive; 

(4) words in the singular include the plural, and in the plural include the singular; 

(5) “will” shall be interpreted to express a command; 

(6) provisions apply to successive events and transactions; 

(7) “including” means “including, without limitation”; and 

(8) references to sections of or rules under the Securities Act will be deemed to include substitute, replacement or successor
sections or rules adopted by the SEC from time to time. 
 ARTICLE II. 

THE NOTES 
 Section 2.01 Creation of the
Notes; Designations. 
 In accordance with Section 2.01 of the Base Indenture, the Company hereby creates a Series of Notes issued pursuant to the
Indenture. The Notes of this Series shall be known and designated as the “6.000% Senior Notes due 2024” of the Company. The Notes of this Series shall be entitled to the benefits of the Note Guarantee of each Guarantor signatory hereto, or
that may hereafter execute a supplemental indenture in accordance with Section 4.17 of the Base Indenture, each such Note Guarantee to be governed by Article X of the Base Indenture (including without limitation the provisions for release of
such Note Guarantee in respect of the Notes of this Series pursuant to Section 10.04 of the Base Indenture). 

  
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 Section 2.02 Forms Generally. 

(a) General. The Notes of this Series and the Trustee’s certificate of authentication will be substantially in the form of Exhibit
A hereto. The Notes of this Series may have notations, legends or endorsements required by law, stock exchange rule or usage. Each Note of this Series will be dated the date of its authentication. The Notes of this Series shall be in minimum
denominations of $2,000 and integral multiples of $1,000. 
 The terms and provisions contained in the Notes of this Series will constitute, and are hereby
expressly made, a part of this Twenty-First Supplemental Indenture and the Company, the Guarantors and the Trustee, by their execution and delivery of this Twenty-First Supplemental Indenture, expressly agree to such terms and provisions and to be
bound thereby. However, to the extent any provision of any such Note conflicts with the express provisions of this Twenty-First Supplemental Indenture, the provisions of this Twenty-First Supplemental Indenture shall govern and be controlling. 

(b) Global Notes. Notes of this Series issued in global form will be substantially in the form of Exhibit A hereto (including the
Global Note Legend thereon and the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Notes of this Series issued in definitive form will be substantially in the form of Exhibit A hereto (but without the Global Note
Legend thereon and without the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each Global Note will represent such of the outstanding Notes of this Series as will be specified therein and each shall provide that
it represents the aggregate principal amount of outstanding Notes of this Series from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes of this Series represented thereby may from time to time be reduced or
increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes of this Series represented thereby will be
made by the Trustee or the Notes Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder thereof. 

Section 2.03 Title and Terms of Notes. 
 The
aggregate principal amount of Notes of this Series which shall be authenticated and delivered on the Series Issue Date under the Indenture shall be $1,000,000,000; provided, however, that subject to the Company’s compliance with
Section 4.09 of the Base Indenture, the Company from time to time, without giving notice to or seeking the consent of the Holders of Notes of this Series, may issue additional notes (the “Additional Notes”) in any amount having
the same terms as the Notes of this Series in all respects, except for the issue date, the issue price, the initial Interest Payment Date and rights under a related registration rights agreement, if any. Any such Additional Notes shall be
authenticated by the Trustee upon receipt of a Company Order to that effect, and when so authenticated, will constitute “Notes” for all purposes of the Indenture and will (together with all other Notes of this Series issued under the
Indenture) constitute a single Series of Notes under the Indenture; provided that if such Additional Notes are not fungible with the Notes of this Series for U.S. federal income tax purposes, as applicable, as determined by the Company, such
Additional Notes may have a separate CUSIP number. 

  
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 (a) The Notes of this Series issued on the Series Issue Date will be issued at an issue price of
100% of the principal amount thereof. 
 (b) The principal amount of the Notes of this Series is due and payable in full on April 15,
2024 unless earlier redeemed. 
 (c) The Notes of this Series shall bear interest (computed on the basis of a 360-day year comprised of
twelve 30-day months) at the rate of 6.000% per annum from and including the Issue Date until maturity or early redemption; and interest will be payable semi-annually in arrears on April 15 and October 15 of each year (each, an
“Interest Payment Date”), commencing October 15, 2016, to the Persons in whose name such Notes of this Series were registered at the close of business on the preceding April 1 or October 1, respectively. 

(d) Principal of and interest on the Notes of this Series shall be payable as set forth in Exhibit A. 

(e) Other than as provided in Article III of this Twenty-First Supplemental Indenture, the Notes of this Series shall not be redeemable. 

(f) The Notes of this Series shall not be entitled to the benefit of any mandatory redemption or sinking fund. 

(g) The Notes of this Series shall not be convertible into any other securities. 

(h) The Notes of this Series will be unsubordinated debt securities and will be entitled to unsubordinated Note Guarantees of the Guarantors
in accordance with the terms of the Indenture. 
 (i) The Company initially appoints the Trustee as Registrar and Paying Agent with respect
to the Notes of this Series until such time as the Trustee has resigned or a successor has been appointed. 
 (j) The Notes of this Series
will initially be evidenced by one or more Global Notes issued in the name of Cede & Co., as nominee of The Depository Trust Company. 

(k) The Company shall pay principal of, premium, if any, and interest on the Notes of this Series in money of the United States of America
that at the time of payment is legal tender for payment of public and private debts. 
 (l) The terms and provisions of Appendix A of the
Base Indenture shall apply to the Notes of this Series. 
 Section 2.04 Transfer and Exchange. 

The Notes of this Series shall be issued in registered form and shall be transferable only upon the surrender of a Note of this Series for registration of
transfer and in compliance with Appendix A of the Base Indenture. 

  
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 When Notes of this Series are presented to the Registrar or a co-registrar with a request to register a transfer
or to exchange them for an equal principal amount of Notes of this Series of other denominations, the Registrar will register the transfer or make the exchange as requested if its requirements for such transactions are met. To permit registrations
of transfers and exchanges, the Company shall execute and the Trustee shall authenticate Notes of this Series at the Registrar’s request. A Holder of Notes of this Series may transfer or exchange Notes of this Series only in accordance with the
Indenture. Upon any transfer or exchange, the Registrar and the Trustee may require a Holder of Notes of this Series, among other things, to furnish appropriate endorsements or transfer documents. No service charge shall be made for any registration
of transfer or exchange (except as otherwise expressly permitted herein), but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith. 

Prior to due presentment of any Note of this Series for registration of transfer, the Company, the Trustee, any agent of the Company or the Trustee, the
Paying Agent and the Registrar may deem and treat the Person in whose name a Note of this Series is registered as the absolute owner of such Note for all purposes, including for the purpose of receiving payment of principal of, and any premium and
any interest, if any, on such Note and for all other purposes whatsoever, whether or not such Note be overdue, and none of the Company, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary. 

Any holder of a beneficial interest in a Global Note of this Series shall, by acceptance of such beneficial interest, agree that transfers of beneficial
interests in such Global Note may be effected only through a book-entry system maintained by (a) the holder of such Global Note (or its agent) or (b) any holder of a beneficial interest in such Global Note, and that ownership of a
beneficial interest in such Global Note shall be required to be reflected in a book entry. 
 All Notes of this Series issued upon any transfer or exchange
pursuant to the terms of the Indenture shall evidence the same debt and shall be entitled to the same benefits under the Indenture as such Notes surrendered upon such transfer or exchange. 

ARTICLE III. 
 REDEMPTION AND
PREPAYMENT 
 Section 3.01 Optional Redemption. 

The Notes of this Series may be redeemed, in whole, or from time to time in part, subject to the conditions and at the redemption prices set forth in
Section 5 of the form of Note set forth in Exhibit A hereto, which are hereby incorporated by reference and made part of this Twenty-First Supplemental Indenture, together with accrued and unpaid interest to, but not including, the redemption
date. 
 Section 3.02 Redemption Procedures. 
 The
provisions of Article III of the Base Indenture shall apply in the case of a redemption pursuant to this Article III. 

  
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 ARTICLE IV. 

COVENANTS 
 With respect to this
Series of Notes, Article IV of the Base Indenture shall be amended as follows: 
 Section 4.08 Dividend and Other Payment Restrictions Affecting
Subsidiaries. 
 The provisions of Section 4.08(b)(3) of the Base Indenture shall be amended to read as follows: 

“(3) Series Issue Date Existing Indebtedness, the Notes issued on the Series Issue Date, and any Additional Notes of the same Series, the
Note Guarantees in respect thereof, and the Base Indenture, as supplemented by the Twenty-First Supplemental Indenture;”. 
 Section 4.09
Incurrence of Indebtedness and Issuance of Preferred Stock. 
 Section 4.09(b)(2) of the Base Indenture shall be amended to read
as follows: 
 “(2) the incurrence by the Company and its Restricted Subsidiaries of any Existing Indebtedness or any Series Issue Date
Existing Indebtedness;”. 
 Section 4.09(b)(3) of the Base Indenture shall be amended to read as follows: 

“(3) the incurrence by the Company and the Subsidiary Guarantors of Indebtedness represented by the Notes to be issued on the date of the
Twenty-First Supplemental Indenture and the related Note Guarantees;”. 
 Section 4.09(b)(18) of the Base Indenture shall be
amended to read as follows: 
 “(18) the incurrence by the Company or any Restricted Subsidiary of Indebtedness to the extent that the
net proceeds thereof are promptly deposited to defease or to satisfy and discharge the Notes of this Series;”. 
 Section 4.11 Transactions
with Affiliates. 
 Section 4.11(b) of the Base Indenture shall be amended by (i) inserting the word “and” after the
semicolon at the end of clause (11); (ii) deleting “; and” at the end of clause (12) and replacing it with a period and (iii) deleting clause (13). 

Section 4.17 Additional Note Guarantees. 

Section 4.17 of the Base Indenture shall be amended and restated in its entirety as follows: 

“If (a) the Company or any of the Company’s Domestic Restricted Subsidiaries acquires or creates another Domestic Restricted
Subsidiary (and such Subsidiary is a Wholly-Owned Subsidiary and is neither a Designated Tower Entity, the Reinsurance Entity nor an Immaterial Subsidiary) after the Series Issue Date or (b) any Restricted Subsidiary of the Company guarantees

  
 -12- 

 
any Specified Issuer Indebtedness of the Company after the Series Issue Date or (c) Parent or any Subsidiary of Parent acquires or creates a Subsidiary that directly or indirectly owns
Equity Interests of the Company, then the Company or Parent, as applicable, will cause that newly acquired or created Domestic Restricted Subsidiary, Restricted Subsidiary or Subsidiary of Parent to become a Guarantor of the Notes of this Series and
execute a supplemental indenture and, if requested by the Trustee, deliver an Opinion of Counsel reasonably satisfactory to the Trustee within 10 Business Days after the date on which it was acquired or created or guarantees such Specified Issuer
Indebtedness, as applicable, or reasonably promptly thereafter.” 
 Section 4.19 Changes in Covenants When Notes Rated Investment Grade.

 The first clause of the first sentence of Section 4.19 shall be amended to replace the words “Closing Date” with the words
“Series Issue Date”. 
 ARTICLE V. 

MISCELLANEOUS 
 Section 5.01 Effect of
Twenty-First Supplemental Indenture. 
 (a) This Twenty-First Supplemental Indenture is a supplemental indenture within the meaning of
Section 2.02 of the Base Indenture, and the Base Indenture shall (notwithstanding Section 12.12 thereof or Section 5.04 hereof) be read together with this Twenty-First Supplemental Indenture and shall have the same effect over the
Notes of this Series, in the same manner as if the provisions of the Base Indenture and this Twenty-First Supplemental Indenture were contained in the same instrument. 

(b) In all other respects, the Base Indenture is confirmed by the parties hereto as supplemented by the terms of this Twenty-First
Supplemental Indenture. 
 Section 5.02 Governing Law. 

THE INDENTURE AND THE NOTES OF THIS SERIES WILL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

Section 5.03 Waiver of Jury Trial. 
 EACH PARTY
HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS TWENTY-FIRST SUPPLEMENTAL
INDENTURE. 
 Section 5.04 No Adverse Interpretation of Other Agreements. 

Subject to Section 5.01, this Twenty-First Supplemental Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company
or its Subsidiaries or of any other Person. Subject to Section 5.01, any such other indenture, loan or debt agreement may not be used to interpret this Twenty-First Supplemental Indenture. 

  
 -13- 

 Section 5.05 Successors. 

All agreements of the Company in this Twenty-First Supplemental Indenture and the Notes of this Series will bind its successors. All agreements of the Trustee
in this Twenty-First Supplemental Indenture will bind its successors. All agreements of each Guarantor in this Twenty-First Supplemental Indenture will bind its successors, except as otherwise provided in Section 10.04 of the Base Indenture.

 Section 5.06 Severability. 
 In case any
provision in this Twenty-First Supplemental Indenture or in the Notes of this Series is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby.

 Section 5.07 Counterparts. 
 This Twenty-First
Supplemental Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed will be deemed to be an original and all of which taken together will constitute one and the same
agreement. The exchange of copies of this Twenty-First Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Twenty-First Supplemental Indenture as to the parties
hereto and may be used in lieu of the original Twenty-First Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF transmission shall be deemed to be their original signatures for all purposes. 

Section 5.08 Table of Contents, Headings, etc. 
 The
Table of Contents and headings of the Articles and Sections of this Twenty-First Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Twenty-First Supplemental Indenture and will in no
way modify or restrict any of the terms or provisions hereof. 
 Section 5.09 Beneficiaries of this Twenty-First Supplemental Indenture. 

Nothing in this Twenty-First Supplemental Indenture or in the Notes of this Series, expressed or implied, shall give to any Person, other than the parties
hereto and their successors hereunder, and the Holders of the Notes of this Series, any benefit or any legal or equitable right, remedy or claim under this Twenty-First Supplemental Indenture. 

Section 5.10 No Personal Liability of Directors, Officers, Employees and Stockholders. 

No past, present or future director, officer, member, manager, partner, employee, incorporator or stockholder of the Company or any Guarantor, as such, will
have any liability for any obligations of the Company or the Guarantors under the Notes of this Series, this Twenty-First Supplemental Indenture, the Note Guarantees, or for any claim based on, in respect of, or by reason of, such obligations or
their creation. Each Holder of the Notes of this Series by accepting a Note of this Series waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes of this Series. 

  
 -14- 

 Section 5.11 The Trustee. 

The Trustee shall not be responsible or liable for the validity or sufficiency of, or the recitals in, this Twenty-First Supplemental Indenture and all of the
provisions contained in the Base Indenture in respect of the rights, privileges, immunities, powers and duties of the Trustee and the Agents shall be applicable in respect of the Notes of this Series and of this Twenty-First Supplemental Indenture
as fully and with like effect as set forth in full herein. 
 ARTICLE VI. 

DEFAULTS AND REMEDIES 
 With
respect to this Series of Notes, Article VI of the Base Indenture shall be amended as follows: 
 Section 6.01 Events of Default. 

Section 6.01(1) shall be amended to delete the words “(including Additional Interest, if any)”. 

ARTICLE VII. 
 [RESERVED] 

ARTICLE VIII. 
 [RESERVED] 

ARTICLE IX. 
 [RESERVED] 

ARTICLE X. 
 NOTE GUARANTEES 

With respect to this Series of Notes, Article X of the Base Indenture shall be amended as follows: 

Section 10.05 Guarantors May Consolidate, etc. on Certain Terms. 

Section 10.05(2)(A) shall be amended to delete the words “in form and substance reasonably satisfactory to the Trustee”. 

[Signatures on following page] 

  
 -15- 

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

			
	T-MOBILE USA, INC.
		
	By:	 	 /s/ J. Braxton Carter

	Name:	 	J. Braxton Carter
	Title:	 	Executive Vice President and Chief Financial Officer

  
 [Signature page to
Twenty-First Supplemental Indenture] 

 
			
	GUARANTORS:
	
	 IBSV LLC
 METROPCS
CALIFORNIA, LLC
 METROPCS FLORIDA, LLC
 METROPCS GEORGIA,
LLC
 METROPCS MASSACHUSETTS, LLC
 METROPCS MICHIGAN, LLC

METROPCS NETWORKS CALIFORNIA, LLC
 METROPCS NETWORKS FLORIDA,
LLC
 METROPCS NEVADA, LLC
 METROPCS NEW YORK, LLC

METROPCS PENNSYLVANIA, LLC
 METROPCS TEXAS, LLC

POWERTEL MEMPHIS LICENSES, INC.
 POWERTEL/MEMPHIS, INC.

SUNCOM WIRELESS HOLDINGS, INC.
 SUNCOM WIRELESS INVESTMENT
COMPANY, LLC
 SUNCOM WIRELESS LICENSE COMPANY, LLC
 SUNCOM
WIRELESS MANAGEMENT COMPANY, INC.
 SUNCOM WIRELESS OPERATING COMPANY, L.L.C.

SUNCOM WIRELESS PROPERTY COMPANY, L.L.C.
 SUNCOM WIRELESS,
INC.
 T-MOBILE CENTRAL LLC
 T-MOBILE FINANCIAL LLC

T-MOBILE LEASING LLC
 T-MOBILE LICENSE LLC

T-MOBILE NORTHEAST LLC
 T-MOBILE PCS HOLDINGS LLC

T-MOBILE PUERTO RICO HOLDINGS LLC
 T-MOBILE PUERTO RICO LLC

T-MOBILE RESOURCES CORPORATION
 T-MOBILE SOUTH LLC

T-MOBILE SUBSIDIARY IV CORPORATION
 T-MOBILE US, INC.

T-MOBILE WEST LLC
 TRITON PCS FINANCE COMPANY, INC.

TRITON PCS HOLDINGS COMPANY L.L.C.
 VOICESTREAM PCS I IOWA
CORPORATION
 VOICESTREAM PITTSBURGH GENERAL PARTNER, INC.

VOICESTREAM PITTSBURGH, L.P.

		
	By:	 	 /s/ J. Braxton Carter

	Name:	 	J. Braxton Carter
	Title:	 	Authorized Person

  
 [Signature page to
Twenty-First Supplemental Indenture] 

 
			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
		
	By:	 	 /s/ Carol Ng

	Name:	 	Carol Ng
	Title:	 	Vice President
		
	By:	 	 /s/ Anthony D’Amato

	Name:	 	Anthony D’Amato
	Title:	 	Associate

  
 [Signature page to
Twenty-First Supplemental Indenture] 

 EXHIBIT A 

[Form of Face of Initial Note] 

[Global Notes Legend] 
 UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TWENTY-FIRST SUPPLEMENTAL INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

[Definitive Notes Legend] 
 IN
CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

  
 Exhibit A-1 

 [CUSIP] 

[ISIN] 
 6.000% Senior Notes due
2024 
  

			
	No.                     	  	$            

 T-MOBILE USA, INC. 

promises to pay to                      or registered
assigns, 
 the principal sum of          DOLLARS on April 15, 2024. 

Interest Payment Dates: April 15 and October 15. 

Record Dates: April 1 and October 1. 

  
 Exhibit A-2 

			
	Dated:             , 2016
	
	T-MOBILE USA, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Exhibit A-3 

			
	 This is one of the Notes referred to

in the within-mentioned Indenture:

	
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Trustee

		
	By:	 	  

		 	Authorized Signatory
		
	By:	 	  

		 	Authorized Signatory

  
 Exhibit A-4 

 [Form of Reverse Side of Initial Note] 

6.000% Senior Notes due 2024 (the “Notes”) 

Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

(1) INTEREST. Interest (computed on the basis of a 360-day year comprised of twelve 30-day months) shall accrue on the principal amount of this Note
from and including April 1, 2016 until maturity at a rate per annum equal 6.000% . 
 The Company promises to pay interest semi-annually in arrears on
April 15 and October 15 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). Interest on the Notes will accrue from the most recent date to which
interest has been paid or, if no interest has been paid, from the date of issuance; provided that if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face
hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided further that the first Interest Payment Date shall be October 15, 2016. If an Interest Payment Date or
the maturity date falls on a day that is not a Business Day, the related payment of principal or interest will be made on the next succeeding Business Day as if made on the date the payment was due, and no interest shall accrue for the intervening
period. 
 (2) METHOD OF PAYMENT. The Company will pay interest on the Notes (except defaulted interest) to the Persons who are registered Holders of
Notes at the close of business on the April 1 or October 1 next preceding the Interest Payment Date, even if such Notes are canceled after such record date and on or before such Interest Payment Date, except as provided in
Section 2.14 of the Base Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium, if any, and interest at the office or agency of the Company maintained for such purpose within the City and State of New
York, or, at the option of the Company, payment of interest may be made by check mailed to the Holders at their addresses set forth in the books and records of the Registrar; provided that payment by wire transfer of immediately available
funds will be required with respect to principal of and interest and premium, if any, on, all Global Notes and all other Notes the Holders of which will have provided wire transfer instructions to the Company or the Paying Agent. Such payment will
be in such money of the United States of America as at the time of payment is legal tender for payment of public and private debts. The Holder of a Definitive Note is not required to surrender such Definitive Note to the Trustee in order to receive
payment of principal at maturity. Such Definitive Note, after payment has been made, shall be cancelled without the requirement of presentation. 
 (3)
PAYING AGENT AND REGISTRAR. Initially, Deutsche Bank Trust Company Americas, the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. The
Company or any of its Subsidiaries may act in any such capacity. 
 (4) INDENTURE. The Company issued the Notes pursuant to an Indenture dated as of
April 28, 2013 (the “Base Indenture”) among the Company, the Guarantors and the Trustee, as amended and supplemented with respect to the Notes by the Twenty-First Supplemental Indenture dated as

  
 Exhibit A-5 

 
of April 1, 2016 (the “Twenty-First Supplemental Indenture”; the Base Indenture, as supplemented by the Eleventh Supplemental Indenture, dated as of May 1, 2013 by and
among the Company, the guarantors party thereto and the Trustee, the Sixteenth Supplemental Indenture, dated as of August 11, 2014 by and among the Company, the guarantors party thereto and the Trustee, and the Nineteenth Supplemental
Indenture, dated as of September 28, 2015, by and among the Company, the guarantors party thereto and the Trustee, and as amended and supplemented in respect of the Notes by the Twenty-First Supplemental Indenture, the
“Indenture”). The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the TIA. The Notes are subject to all such terms, and Holders are referred to the Indenture and, to the
extent so included in the Indenture, to the TIA for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. The
Notes are unsecured, unsubordinated obligations of the Company. The Indenture does not limit the aggregate principal amount of Notes that may be issued thereunder. 

(5) OPTIONAL REDEMPTION. 
 (a) On or after
April 15, 2019, the Company may redeem all or a part of the Notes upon not less than 10 nor more than 60 days’ notice (in the case of redemptions upon less than 30 days’ notice, if any Global Notes are outstanding, subject to the
ability of the Depositary to process such redemption on the date specified in such notice), at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest on the Notes redeemed to, but not
including, the applicable redemption date, if redeemed during the twelve month period beginning on April 15 of the years indicated below, subject to the rights of Holders of Notes on the relevant record date to receive interest on the relevant
Interest Payment Date for periods prior to such redemption date: 
  

					
	 Year
	  	Percentage	 
	 2019
	  	 	104.500	% 
	 2020
	  	 	102.250	% 
	 2021 and thereafter
	  	 	100.000	% 

 Unless the Company defaults in the payment of the redemption price, interest will cease to accrue on the Notes or portions
thereof called for redemption on the applicable redemption date. 
 At any time prior to April 15, 2019, the Company may also redeem all or a part of
the Notes, upon not less than 10 nor more than 60 days’ notice (in the case of redemptions upon less than 30 days’ notice, if any Global Notes are outstanding, subject to the ability of Depositary to process such redemption on the date
specified in such notice), at a redemption price equal to 100% of the principal amount of Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest to, but not including, the date of redemption, subject to the rights of
Holders of Notes on the relevant record date to receive interest due on the relevant interest payment date for periods prior to such date of redemption. 

(b) Notwithstanding the provisions of subparagraph (a) of this Paragraph 5, at any time prior to April 15, 2019, the Company may on
any one or more occasions redeem up to 35% of the 

  
 Exhibit A-6 

 
aggregate principal amount of Notes issued under the Indenture at a redemption price of 106.000% of the principal amount, plus accrued and unpaid interest to, but not including, the redemption
date, with the net cash proceeds of one or more sales of Equity Interests (other than Disqualified Stock) of the Company or contributions to the Company’s common equity capital made with the net cash proceeds of one or more sales of Equity
Interests (other than Disqualified Stock) of Parent; provided that: 
 (1) at least 65% of the aggregate principal
amount of Notes issued under the Indenture (excluding Notes held by the Company and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and 

(2) the redemption occurs within 180 days of the date of the closing of such sale of Equity Interests by the Company or the
date of contribution to the Company’s common equity capital made with net cash proceeds of one or more sales of Equity Interests of Parent. 

“Applicable Premium” means, as calculated by the Company and provided to the Trustee, with respect to any Note on any redemption date, the
greater of: 
 (1) 1.0% of the principal amount of the Note; or 

(2) the excess of: 

(a) the present value at such redemption date of (i) the redemption price of the Note at April 15, 2019 (such
redemption price being set forth in the table appearing above under Section 5(a) hereof, plus (ii) all required interest payments due on the Note through April 15, 2019 (excluding accrued but unpaid interest to the redemption date),
computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over 
 (b) the
principal amount of the Note, if greater. 
 “Treasury Rate” means, with respect to any redemption date, the yield to maturity of United
States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two business days prior to the redemption date (or, if
such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to April 15, 2019; provided, however, that if the period from the
redemption date to April 15, 2019 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. The Company will (1) calculate the Treasury
Rate on the third business day preceding the applicable redemption date and (2) prior to such redemption date file with the trustee an officer’s certificate setting forth the Applicable Premium and the Treasury Rate and showing the
calculation of each in reasonable detail. 

  
 Exhibit A-7 

 (6) MANDATORY REDEMPTION. 

The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes. 

(7) REPURCHASE AT THE OPTION OF HOLDER. 

(a) If there is a Change of Control Triggering Event, the Company will be required to make a Change of Control Offer to each Holder to
repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s Notes at a purchase price in cash equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest
on the Notes repurchased to, but not including, the date of purchase, subject to the rights of Holders on the relevant record date to receive interest due on the relevant Interest Payment Date for periods prior to such repurchase date pursuant to
Section 4.15 of the Base Indenture. Within 30 days following any Change of Control Triggering Event, the Company will send a notice to each Holder and the Trustee describing the transaction or transactions and identify the ratings decline that
together constitute the Change of Control Triggering Event, offering to repurchase Notes on the Change of Control Payment Date specified in the notice, which date will be no earlier than 10 days and no later than 60 days from the date such notice is
sent and setting forth the procedures governing the Change of Control Offer as required by the Indenture. 
 (b) If the Company or a
Restricted Subsidiary of the Company consummates any Asset Sales, within twenty days of each date on which the aggregate amount of Excess Proceeds exceeds $100.0 million, the Company shall apply the entire aggregate amount of unutilized Excess
Proceeds (not only the amount in excess of $100.0 million) to make an Asset Sale Offer pursuant to Section 4.10 of the Base Indenture to all Holders of Notes and all holders of other Indebtedness that is pari passu with the Notes
containing provisions similar to those set forth in the Indenture with respect to offers to purchase or redeem with the proceeds of sales of assets to purchase the maximum principal amount of Notes (including any Additional Notes) and purchase or
redeem such other pari passu Indebtedness that may be purchased or redeemed out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount of the Notes and such other pari passu Indebtedness
that may be purchased or redeemed with Excess Proceeds thereof plus accrued and unpaid interest thereon to, but not including, the date of consummation of the purchase, in accordance with the procedures set forth in the Indenture. To the extent that
the aggregate amount of Notes (including any Additional Notes) and other pari passu Indebtedness tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds, the Company (or such Restricted Subsidiary) may use those Excess
Proceeds for any purpose not otherwise prohibited by the Indenture. If the aggregate principal amount of Notes and other pari passu Indebtedness tendered in response to such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee
shall select the Notes and the Company shall select such other pari passu Indebtedness to be purchased or redeemed on a pro rata basis unless otherwise required by law or applicable stock exchange or depositary requirements. Holders of
Notes that are the subject of an offer to purchase will receive an Asset Sale Offer from the Company prior to any related purchase date and may elect to have such Notes purchased by completing the form entitled “Option of Holder to Elect
Purchase” attached to the Notes. 

  
 Exhibit A-8 

 (8) NOTICE OF REDEMPTION. Notice of redemption will be sent at least 30 days (or, if any Global Notes are
outstanding, such shorter period as may be permitted by the eligibility rules of the Depositary) but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed, except that redemption notices may be sent or mailed
more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of the Indenture. Notes in denominations larger than $2,000 may be redeemed in part but only in whole
multiples of $1,000, unless all of the Notes held by a Holder are to be redeemed. 
 (9) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in
registered form without coupons in minimum denominations of $2,000 and integral multiples of $1,000. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder,
among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer or
exchange of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, the Company need not exchange or register the transfer of any Notes (i) for a period beginning at the
opening of business 15 days immediately preceding the sending of notice of redemption of Notes selected for redemption and ending at the close of business on the day such notice is sent or (ii) during the period between a record date and the
corresponding Interest Payment Date. 
 (10) PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated as its owner for all purposes.

 (11) AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions, the Indenture or the Notes or the Note Guarantees may be amended or
supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes including Additional Notes, if any, voting as a single class, and any existing Default or Event or Default or compliance
with any provision of the Indenture or the Notes or the Note Guarantees may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes including Additional Notes, if any, voting as a single
class. Without the consent of any Holder, the Company, the Guarantors and the Trustee may amend and supplement the Indenture as provided in the Base Indenture. 

(12) DEFAULTS AND REMEDIES. If an Event of Default occurs (other than an Event of Default relating to certain events of bankruptcy, insolvency or
reorganization of the Company, any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary) and is continuing, the Trustee or the Holders of at
least 25% in principal amount of the outstanding Notes, in each case, by notice to the Company, may declare the principal of, premium, if any, and accrued but unpaid interest on all the Notes to be due and payable. If an Event of Default relating to
certain events of bankruptcy, insolvency or reorganization of the Company, any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary occurs, the
principal of, premium, if any, and interest on all the Notes shall become immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. Under certain circumstances, the Holders of a majority in principal
amount of the outstanding Notes may rescind any such acceleration with respect to the Notes and its consequences. 

  
 Exhibit A-9 

 (13) TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual or any other capacity, may become the
owner or pledgee of Notes and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. 

(14) NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, member, manager, partner, employee, incorporator or stockholder of the
Company or any Guarantor, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes, the Indenture, the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their
creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes. 

(15) AUTHENTICATION. This Note will not be valid until authenticated by the manual or facsimile signature of the Trustee or an authenticating agent.

 (16) ABBREVIATIONS. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (=
tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

(17) CUSIP NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused
CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any
notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 
 (18) GOVERNING LAW. THIS NOTE WILL BE
GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 The Company will furnish to any Holder upon written request and without charge a copy of the Indenture.
Requests may be made to: 
 T-Mobile USA, Inc. 
 12920 SE 38th
Street 
 Bellevue, Washington 98006 
 Attention: General
Counsel 
 Fax: (425) 383-7040 

  
 Exhibit A-10 

 ASSIGNMENT FORM 
  

			
	To assign this Note, fill in the form below:	 	
		
	(I) or (we) assign and transfer this Note to:	 	  

		 	(Insert assignee’s legal name)
	
	  

	(Insert assignee’s soc. sec. or tax I.D. no.)
	
	  

	
	  

	
	  

	
	  

	(Print or type assignee’s name, address and zip code)
	
	and irrevocably appoint                      to transfer this Note on the books of the Company. The agent may
substitute another to act for him.

  

			
	Date:                     
	
	Your Signature:
                                         
                   
	     (Sign exactly as your name appears on the face of this Note)

	
	Signature Guarantee*:
                                         
         

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 Exhibit A-11 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.10 or Section 4.15 of the Base Indenture, check the
appropriate box below: 

 ̈  Section 4.10           
          ̈  Section 4.15 
 If you want to elect
to have only part of the Note purchased by the Company pursuant to Section 4.10 or Section 4.15 of the Indenture, state the amount you elect to have purchased: 

$         
  

					
	Date:                     	  	
	
	Your Signature:
                                         
                             
	     (Sign exactly as your name appears on the face of this Note)

			
	Tax Identification No.:	 	  
	  	
			
	Signature Guarantee*:	 	  
	  	

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 Exhibit A-12 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global
Note or Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of

Exchange
	 	 Amount of

decrease in

Principal
 Amount of
this
 Global Note
	 	 Amount of

increase in

Principal
 Amount of
this
 Global Note
	  	Principal
Amount of this
Global Note
following such
decrease
(or increase)	  	Signature of
authorized
officer of
Trustee or
Notes Custodian
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	

  

	*	This schedule should be included only if the Note is issued in global form. 

  
 Exhibit A-13

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