Document:

Exhibit

EXHIBIT 10.45
EXECUTION COPY

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AND ADMINISTRATION AGREEMENT
THIS FIRST AMENDMENT TO THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AND ADMINISTRATION AGREEMENT (this “Amendment”), dated as of December 21, 2018 (the “First Amendment Closing Date”), is by and among T-MOBILE HANDSET FUNDING LLC (the “Transferor”), as transferor, T-MOBILE FINANCIAL LLC (“Finco”), individually and as servicer, T-MOBILE US, INC. and T-MOBILE USA, INC., jointly and severally as guarantors (collectively, the “Guarantor”), ROYAL BANK OF CANADA, as Administrative Agent (the “Administrative Agent”), and the various Funding Agents party to the RPAA referenced below.
RECITALS:
WHEREAS, the parties hereto have entered into the Third Amended and Restated Receivables Purchase and Administration Agreement, dated as of October 23, 2018 (as amended, supplemented or otherwise modified from time to time, the “RPAA”); and
WHEREAS, the parties hereto wish to amend the RPAA as set forth in this Amendment.
NOW, THEREFORE, the parties hereto, in consideration of their mutual covenants hereinafter set forth and intending to be legally bound hereby, agree as follows:
ARTICLE 1 
 
DEFINITIONS
Section 1.01    Capitalized Terms. Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed thereto in the RPAA.
ARTICLE 2     
 
AMENDMENTS
Section 2.01    Amendments to the RPAA. 
(a)    Section 1.1 of the RPAA is hereby amended by addition of the following definition in the correct alphabetical order:
“Thirty-Six Month Contract Receivable Transfer Date” shall mean the date on which the first Receivable related to a handset device with a contract term of more than 25 months (but not in excess of 37 months) is transferred from Finco to the Transferor pursuant to the Sale Agreement.  
(b)    The definition of “Eligible Receivable” in Section 1.1 of the RPAA is hereby amended by amending and restating clause (f) therein as follows:

(f)    (i) has an original term of 25 months or less if it relates to an Accessory or Smart Watch; or (ii) has an original term of 37 months or less if it relates to a handset device;
(c)    Exhibit D to the RPAA is hereby amended by amending and restating clause (i)(B) therein as follows:
(B)    (1) for any Payment Date after the Scheduled Expiry Date prior to the Thirty-Six Month Contract Receivable Transfer Date, the notional amount as of the last Payment Date prior to the Scheduled Expiry Date reduced by one twenty-fourth of such notional amount per month and (2) for any Payment Date after the Scheduled Expiry Date on or after the Thirty-Six Month Contract Receivable Transfer Date, the notional amount as of the last Payment Date prior to the Scheduled Expiry Date reduced by one thirty-sixth of such notional amount per month (or such other amount as agreed, from time to time, between the Transferor and the Administrative Agent to reflect the percentage of Receivables with an outstanding term in excess of 24 months);
(d)    The matrix set forth in the definition of “Advance Matrix I” in Annex A to the RPAA is hereby amended by replacing the existing matrix with the matrix attached hereto as Schedule I.
(e)    The matrix in the definition of “Advance Matrix II” in Annex A to the RPAA is hereby amended by replacing the existing matrix with the matrix attached hereto as Schedule II.
ARTICLE 3     
 
EFFECTIVENESS; RATIFICATION
Section 3.01    Effectiveness. This Amendment shall become effective, and this Amendment thereafter shall be binding on the parties hereto and their respective successors and assigns, as of the First Amendment Closing Date upon the execution and delivery of counterparts by the parties hereto. 
Section 3.02    Incorporation; Ratification.  
(a)    On and after the execution and delivery hereof, this Amendment shall be a part of the RPAA and each reference in the RPAA to “this Agreement” or “hereof”, “hereunder” or words of like import, and each reference in any other Related Document to the RPAA shall mean and be a reference to such RPAA as previously amended, and as amended, modified and consented to hereby.
(b)    Except as expressly provided herein, the RPAA shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.
(c)    After giving effect to this Amendment, the Performance Guaranty shall remain in full force and effect. 

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ARTICLE 4     
 
MISCELLANEOUS
Section 4.01    Representations and Warranties. 
(a)    The Transferor hereby represents and warrants to the Administrative Agent and the Owners that its representations and warranties set forth in Section 3.1 of the RPAA are true and correct in all material respects as of the date hereof.
(b)    Finco hereby represents and warrants to the Administrative Agent and the Owners that its representations and warranties set forth in Section 3.1 and Section 3.3 of the RPAA are true and correct in all material respects as of the date hereof.
(c)    Each of TMUS and TMUSA hereby represents and warrants to the Administrative Agent and the Owners that its representations and warranties set forth in Section 3.4 of the RPAA are true and correct in all material respects as of the date hereof.
Section 4.02    Consent. The Funding Agents party hereto hereby consent to the modification or amendment by Finco of the Credit and Collection Policies to allow for Receivables with a term of up to 37 months, and the Funding Agents hereby waive any notice period required pursuant to Section 3.7(t) of the RPAA relating thereto.
Section 4.03    No Other Amendments or Consents; Status of RPAA and Related Documents. The amendments and consent set forth herein are limited as specified and shall not be construed as an amendment or consent to any other term or provision of the RPAA. Nothing herein shall obligate the Administrative Agent, any Conduit Purchaser, Committed Purchaser or Funding Agent to grant (or consent to) any future amendment, consent or waiver of any kind under or in connection with the RPAA or entitle the Transferor to receive any such amendment, consent or waiver under the RPAA. Except as otherwise expressly provided herein, this Amendment shall not constitute a waiver of any right, power or remedy of the Owners, the Funding Agents or the Administrative Agent set forth in the RPAA and Related Documents, and except as expressly provided herein, this Amendment shall have no effect on any term or condition of the RPAA or Related Documents.
Section 4.04    Governing Law; Submission to Jurisdiction. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED THEREIN, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, AND OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. EACH OF THE PARTIES TO THIS AMENDMENT HEREBY AGREES TO THE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND ANY APPELLATE COURT HAVING JURISDICTION TO REVIEW THE JUDGMENTS THEREOF. EACH OF THE PARTIES HEREBY WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS 

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AND ANY OBJECTION TO VENUE OF ANY ACTION INSTITUTED HEREUNDER IN ANY OF THE AFOREMENTIONED COURTS.
Section 4.05    Counterparts. This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Amendment by signing such counterpart.
 [signatures on following page]

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IN WITNESS WHEREOF, each of the parties hereto have caused a counterpart of this Amendment to be duly executed as of the date first above written.
	
			
	T-MOBILE HANDSET FUNDING LLC

	as Transferor

	 

	By:
	/s/ Dirk Wehrse

	 
	Name:
	Dirk Wehrse

	 
	Title:
	Senior Vice President, Treasury &

	 
	 
	Treasurer

	 
	 

	T-MOBILE FINANCIAL LLC

	In its individual capacity and as Servicer

	 

	By:
	/s/ Dirk Wehrse

	 
	Name:
	Dirk Wehrse

	 
	Title:
	Assistant Treasurer

	 
	 

	T-MOBILE US, INC.

	as Guarantor

	 

	By:
	/s/ Dirk Wehrse

	 
	Name:
	Dirk Wehrse

	 
	Title:
	Senior Vice President, Treasury &

	 
	 
	Treasurer

	 
	 

	T-MOBILE USA, INC.

	as Guarantor

	 

	By:
	/s/ Dirk Wehrse

	 
	Name:
	Dirk Wehrse

	 
	Title:
	Senior Vice President, Treasury &

	 
	 
	Treasurer

	 
	 

(Signature Page to First Amendment to 3rd A&R RPAA)

	
				
	ROYAL BANK OF CANADA

	as Administrative Agent

	 

	By:
	/s/ Thomas C. Dean

	 
	Name:
	Thomas C. Dean

	 
	Title:
	Authorized Signatory

	 
	 

	By:
	/s/ Lisa Wang

	 
	Name:
	Lisa Wang

	 
	Title:
	Authorized Signatory

	 
	 

	ROYAL BANK OF CANADA

	as Funding Agent

	 

	By:
	/s/ Thomas C. Dean
	 

	 
	Name:
	Thomas C. Dean
	 

	 
	Title:
	Authorized Signatory
	 

	 
	 
	 

	By:
	/s/ Lisa Wang
	 

	 
	Name:
	Lisa Wang
	 

	 
	Title:
	Authorized Signatory
	 

	 
	 
	 

	
			
	LANDESBANK HESSEN-THURINGEN

	GIROZENTRALE,

	as a Funding Agent

	 

	By:
	/s/ Bjoern Mollner

	 
	Name:
	Bjoern Mollner

	 
	Title:
	Senior Vice President

	 
	 

	By:
	/s/ Daniel Geflitter

	 
	Name:
	Daniel Geflitter

	 
	Title:
	Associate

	 
	 

	
			
	MUFG BANK, LTD. F/K/A THE BANK OF

	TOKYO-MITSUBISHI UFJ, LTD.,

	as a Funding Agent

	 

	By:
	/s/ Christopher Pohl

	 
	Name:
	Christopher Pohl

	 
	Title:
	Managing Director

	 
	 

	
			
	BNP PARIBAS,

	as a Funding Agent

	 

	By:
	/s/ Chris Fukuoka

	 
	Name:
	Chris Fukuoka

	 
	Title:
	Vice President

	 
	 

	By:
	/s/ Advait Joshi

	 
	Name:
	Advait Joshi

	 
	Title:
	Director

	 
	 

Schedule I

Advance Matrix I

Schedule II

Advance Matrix IIExhibit

EXHIBIT 10.75

T-MOBILE US, INC.
NONQUALIFIED DEFERRED COMPENSATION PLAN 
(As Amended and Restated Effective January 1, 2014)
First Amendment
WHEREAS, T-Mobile US, Inc. (the “Company”) sponsors and maintains the T-Mobile US, Inc. Nonqualified Deferred Compensation Plan, as amended and restated effective as of January 1, 2014 (the “Plan”); and 
WHEREAS, pursuant to Article VIII of the Plan, the Company has the authority to amend the Plan; and 
WHEREAS, the Company desires to amend the Plan to (1) clarify that elections as to the timing and form of distributions do not carry over from year to year and must be affirmatively elected each year; (2) provide for timing of payments made under domestic relations orders; and (3) revise the claims procedure for claims involving a determination of disability that are filed on or after April 1, 2018, to comply with IRS regulations.
NOW, THEREFORE, effective as of January 1, 2018 unless otherwise indicated below, the Plan is hereby amended as follows:
1.    Section 4.1(d) of the Plan, Timing and Manner of Election, is hereby amended in its entirety, to read as follows:
“(d)    Timing and Manner of Election.  Newly Eligible Employees may enroll in the Plan during their Election Period for their initial full or partial Plan Year of participation, as specified in the notification from the Administrator. Each Plan Year thereafter, Participants will be permitted to modify the Deferral Election during each subsequent Election Period. The Deferral Election becomes irrevocable on December 31 of the Plan Year preceding the Plan Year in which the amounts are deferred and may not change throughout such Plan Year. The amount of a Participant’s Deferral Election shall continue in effect for each subsequent Plan Year, unless modified by the Participant before the date the election becomes irrevocable under this subsection (d).  However, a Participant’s Deferral Election as to timing and form of payment shall not continue in effect for subsequent Plan Years; in the absence of an affirmative election as to the timing and form of payment of a Participant’s Deferral Election for a given Plan Year, the amount deferred during that Plan Year shall be paid in a single distribution at termination of employment.  A Participant whose Deferral Election is cancelled in accordance with Section 3.1 or 4.1(e) will be required to file a new Deferral Election under this Article IV in order to recommence deferrals under the Plan.”

2.    Section 6.9 of the Plan, Alternate Payee, is hereby amended in its entirety, to read as follows:
“6.9    Alternate Payee.  If the Plan receives a domestic relations order (within the meaning of Code Section 414(p)(1)(B)) directing that all or a portion 

 

of a Participant’s Accounts be paid to an “alternate payee,” any amounts to be paid to the alternate payee(s) shall be paid in a single lump sum as soon as administratively practicable following a determination that the order is qualified, unless the order specifies different payment timing.”
3.    Effective April 1, 2018, Section 10.2 of the Plan, Denial of Claim, is hereby amended in its entirety to read as follows:
“10.2    Denial of Claim.  If the claim or request is denied, the written notice of denial shall include:
(a)    the reasons for denial, with specific reference to the Plan provisions on which the denial is based;
(b)    a description of any additional material or information required and an explanation of why it is necessary; 
(c)    an explanation of the Plan’s claim review procedure; and
(d)    with respect only to a claim that involves a determination of Disability:
(i)    a discussion of the decision, including an explanation of the basis for disagreeing with or not following (1) the views presented by the claimant to the Plan of health care professionals treating the claimant and vocational professionals who evaluated the claimant, (2) the views of medical or vocational experts whose advice was obtained on behalf of the Plan in connection with the claimant’s adverse benefit determination, without regard to whether the advice was relied upon in making the benefit determination and (3) a disability determination regarding the claimant presented by the claimant to the Plan and made by the Social Security Administration;
(ii)    either the specific internal rules, guidelines, protocols, standards or other similar criteria of the Plan relied upon in making the adverse determination or, alternatively, a statement that such rules, guidelines, protocols, standards or other similar criteria of the Plan do not exist; and
(iii)    a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to the claimant’s claim for benefits.
(iv)    a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to the claimant’s claim for benefits.

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In addition, any such notice of an adverse benefit determination with respect to a claim that involves a determination of Disability will be provided in a culturally and linguistically appropriate manner.”
4.    Effective April 1, 2018, Section 10.3 of the Plan, Review of Claim, is hereby amended in its entirety to read as follows:
“10.3    Review of Claim.  Any person whose claim or request is denied may request review by notice given in writing to the Administrator within 60 days of such denial.  In case of a claim involving a determination that the Participant is disabled, a request for review may be made within 180 days of the denial.  The claim or request shall be reviewed by the Administrator, who may, but shall not be required to, grant the claimant a hearing.  On review, the claimant may have representation, examine pertinent documents and submit issues and comments in writing.
Additionally, in the case of a claim involving a determination of Disability, the Administrator will provide the claimant, free of charge, with any new or additional evidence considered, relied upon or generated by the Plan, the Administrator or other person making the benefit determination (or at the direction of the Plan, the Administrator or such other person) in connection with the claimant’s appeal as soon as possible and sufficiently in advance of the date on which it provides the claimant with notice of its determination on appeal, so that the claimant will have a reasonable opportunity to respond prior to that date.  If the denial of the claimant’s appeal is based on a new or additional rationale, the Administrator will provide the claimant, free of charge, with the new or additional rationale as soon as possible and sufficiently in advance of the date on which it provides the claimant with notice of its determination on appeal, so that the claimant will have a reasonable opportunity to respond prior to that date.”
5.    Effective April 1, 2018, Section 10.4 of the Plan, Final Decision, is hereby amended in its entirety to read as follows:
“10.4    Final Decision.  The decision on review shall normally be made within 60 days.  If an extension of time is required for a hearing or other special circumstance, the claimant shall be notified and the total time limit shall be 120 days.  The decision shall be in writing and shall state the reasons and the relevant Plan provisions.  All decisions on review shall be final and bind all parties concerned.  Benefits under the Plan shall be paid only if the Administrator decides in its discretion that the applicant is entitled to them.
With respect to a claim that involves a determination of Disability, the claimant shall receive, in a manner reasonably calculated to be understood by the claimant, a written notice from the Administrator which shall set forth:
(a)    a statement describing any applicable contractual limitations period that applies to the claimant’s right to bring a civil action under Section 502(a) 

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of ERISA, including the calendar date on which the contractual limitations period expires;
(b)    a discussion of the decision, including an explanation of the basis for disagreeing with or not following (1) the views presented by the claimant to the Plan of health care professionals treating the claimant and vocational professionals who evaluated the claimant, (2) the views of medical or vocational experts whose advice was obtained on behalf of the Plan in connection with the claimant’s adverse benefit determination, without regard to whether the advice was relied upon in making the benefit determination and (3) a disability determination regarding the claimant presented by the claimant to the Plan and made by the Social Security Administration;
(c)    either the specific internal rules, guidelines, protocols, standards or other similar criteria of the Plan relied upon in making the adverse determination or, alternatively, a statement that such rules, guidelines, protocols, standards or other similar criteria of the Plan do not exist.
Any such notice of an adverse benefit determination with respect to a claim that involves a determination of Disability will be provided in a culturally and linguistically appropriate manner.  In addition, upon request, the Administrator will provide the claimant with a statement identifying those medical or vocational experts whose advice was obtained in connection with the appeal.”

IN WITNESS WHEREOF, the Company has caused this First Amendment to be adopted and executed on this 18th day of December, 2018. 

T-MOBILE US, INC.

By: _/s/ Elizabeth A. McAuliffe
Elizabeth A. McAuliffe
EVP, Human Resources

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