-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ll7w3zAsLo6ZPyeOXqcreBOwPsqTUxB3dqZD4xPBfbjJyN3X5cmzgA7F5i9ygySD jS152uFNtjHW5AYXFD8pVw== 0000891020-07-000191.txt : 20070629 0000891020-07-000191.hdr.sgml : 20070629 20070629170427 ACCESSION NUMBER: 0000891020-07-000191 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070629 DATE AS OF CHANGE: 20070629 GROUP MEMBERS: CRAIG O MCCAW GROUP MEMBERS: CWCI LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CLEARWIRE CORP CENTRAL INDEX KEY: 0001285551 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 562408571 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-82957 FILM NUMBER: 07951795 BUSINESS ADDRESS: STREET 1: 4400 CARILLON POINT CITY: KIRKLAND STATE: WA ZIP: 98033 BUSINESS PHONE: 425-216-7600 MAIL ADDRESS: STREET 1: 4400 CARILLON POINT CITY: KIRKLAND STATE: WA ZIP: 98033 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Eagle River Holdings, LLC CENTRAL INDEX KEY: 0001388447 IRS NUMBER: 412079890 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 2300 CARILLON POINT CITY: KIRKLAND STATE: WA ZIP: 98033 BUSINESS PHONE: 425-828-8066 MAIL ADDRESS: STREET 1: 2300 CARILLON POINT CITY: KIRKLAND STATE: WA ZIP: 98033 SC 13D 1 v31483sc13d.htm SCHEDULE 13D sc13d
 

     
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No.  )*

Clearwire Corporation
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
185385309
(CUSIP Number)
Marcus J. Williams
Davis Wright Tremaine LLP
1201 Third Avenue, Suite 2200
Seattle, WA 98101
(206) 622-3150
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 26, 2007
(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 


 

                     
CUSIP No.
 
185385309 
 

 

           
1   NAMES OF REPORTING PERSONS:

Eagle River Holdings, LLC
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
  [41-2079890]
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  State of Washington
       
  7   SOLE VOTING POWER:
     
NUMBER OF   36,911,291 (1)
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   36,759,999 (2)
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   36,911,291 (1)
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  36,911,291 (1)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  þ
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  23.9%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  OO


 

                     
CUSIP No.
 
185385309 
 

 

           
1   NAMES OF REPORTING PERSONS:

Craig O. McCaw
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  OO
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  7   SOLE VOTING POWER:
     
NUMBER OF   37,856,290 (3)
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   36,759,999 (2)
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   37,856,290 (3)
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  37,856,290 (3)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  þ
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  24.4%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN


 

                     
CUSIP No.
 
185385309 
 

 

           
1   NAMES OF REPORTING PERSONS:

CWCI, LLC
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
  [84-1688654]
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  7   SOLE VOTING POWER:
     
NUMBER OF   111,666
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   111,666
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    0
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  111,666
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  0.08%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  OO


 

ITEM 1.   SECURITY AND ISSUER
         
 
  Title of Securities:   Class A Common Shares
 
  Name of Issuer:   Clearwire Corporation (the “Issuer”)
 
  Address of Issuer:   4400 Carillon Point
 
      Kirkland, Washington 98033
ITEM 2.   IDENTITY AND BACKGROUND
(a), (b), (c)   The persons filing this statement are:
 
(1)   Eagle River Holdings, LLC, is a limited liability company formed under the laws of the State of Washington (“ERH”). ERH is the direct owner of a portion of the securities of the Issuer which are the subject of this statement. The principal business of ERH is to build equity value for its members by acquiring, investing, holding and disposing of securities and other investments. The address for ERH’s principal business and principal office is 2300 Carillon Point, Kirkland, Washington 98033.
 
(2)   Craig O. McCaw, an individual (“Mr. McCaw”), owns all of the voting membership interests in ERH and is the sole shareholder of Eagle River, Inc., the manager of ERH. Mr. McCaw is the direct owner of a portion of the securities of the Issuer which are the subject of this statement. In addition, Mr. McCaw controls all of the voting interests in CWCI. Mr. McCaw serves as the Chairman of the Board of Directors of the Issuer. Mr. McCaw’s business address is 2300 Carillon Point, Kirkland, Washington 98033.
 
(3)   CWCI LLC, is a limited liability company formed under the laws of the State of Washington (“CWCI”). CWCI is the direct owner of a portion of the securities of the Issuer which are the subject of this statement. CWCI is a holding company of securities of the Issuer. The address for ERH’s principal business and principal office is 2300 Carillon Point, Kirkland, Washington 98033.
(d)   Not Applicable.
 
(e)   Not Applicable.
 
(f)   Mr. McCaw is a citizen of the United States of America.
ITEM 3.   SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The securities acquired by ERH and CWCI were acquired in private financing transactions using the respective stockholders’ capital. These transactions were completed prior to the Issuer’s initial public offering and prior to Issuer becoming subject to the Securities Exchange Act of 1934, as amended. Mr. McCaw acquired the securities held individually by him pursuant to a grant of stock options from the Issuer prior to the Issuer’s initial public offering and prior to Issuer becoming subject to the Securities Exchange Act of 1934, as amended.
ITEM 4.   PURPOSE OF TRANSACTION
None of the reporting persons are a party to any plan or proposal which relates to, or could result in, any of the events referred to in paragraphs (a) through (j), inclusive, of Item 4 of Schedule 13D. This report is filed following the Issuer’s initial public offering and the Issuer becoming subject to the reporting

 


 

requirements of the Securities Exchange Act of 1934, as amended, and is a voluntary report filed in advance of any transaction reportable under Section 13(d) of the Exchange Act and the regulations thereunder.
ITEM 5.   INTEREST IN SECURITIES OF THE ISSUER
This section describes the aggregate amount of securities held collectively by the reporting persons based on information made available by the Issuer as of May 31, 2007. The reporting persons disclaim beneficial ownership of securities held by other reporting persons except to the extent of any pecuniary interest therein.
(a)   The aggregate number of shares of the Issuer’s Class A Common Stock beneficially owned by each reporting person covered by this statement is as follows:
                 
Name   Number of Shares     Percentage  
Eagle River Holdings, LLC
    36,911,291 (1)(2)     23.9 %(4)
Craig O. McCaw
    37,856,290 (1)(2)(3)     24.4 %(5)
CWCI, LLC
    111,666       0.08 %(6)
  (1)   Number of shares as to which ERH has:
  (i)   Sole power to vote or to direct the vote: 36,911,291 (1)
 
  (ii)   Shared power to vote or to direct the vote: 36,759,999 (1)(2)
 
  (iii)   Sole power to dispose or to direct the disposition of: 36,911,291 (1)
 
  (iv)   Shared power to dispose or to direct the disposition of: 0
  (2)   Number of shares as to which Mr. McCaw has:
  (i)   Sole power to vote or to direct the vote: 37,856,290 (3)
 
  (ii)   Shared power to vote or to direct the vote: 36,759,999 (1)(2)
 
  (iii)   Sole power to dispose or to direct the disposition of: 37,856,290 (3)
 
  (iv)   Shared power to dispose or to direct the disposition of: 0
  (3)   Number of shares as to which CWCI has:
  (i)   Sole power to vote or to direct the vote: 111,666
 
  (ii)   Shared power to vote or to direct the vote: 0
 
  (iii)   Sole power to dispose or to direct the disposition of: 111,666
 
  (iv)   Shared power to dispose or to direct the disposition of: 0
(b)   Securities transactions effected by any of the reporting persons during the past 60 days: None.

 


 

(c)   Other persons with the right to receive or the power to direct dividends or proceeds from the securities: None
 
(d)   The date on which the reporting persons ceased to be the beneficial owner of more then 5% of the class of securities: Not applicable.
Note (1): Securities attributed to ERH include an aggregate of 18,690,953 shares of Class A common stock that ERH has a right to acquire upon conversion of the 18,690,953 Issuer’s Class B Common Stock held by ERH, and an aggregate of 988,333 shares of Class A common stock that ERH has the right to acquire pursuant to exercise of warrants exercisable within 60 days of May 31, 2007.
Note (2): Securities attributed to ERH and Mr. McCaw include 23,427,601 shares of Class A common stock and 9,905,732 shares of Class A common stock to be issued upon conversion of the 9,905,732 shares of Class B common stock beneficially owned by Intel Capital Corporation; 3,333,333 shares of common stock beneficially owned by Intel Capital (Cayman) Corporation; and 93,333 shares of common stock issuable upon exercise of warrants beneficially owned by Middlefield Ventures, Inc., a wholly-owned, subsidiary of Intel Corporation. ERH, Intel Capital Corporation and Intel Capital (Cayman) Corporation (collectively the “Intel Affiliates”) are parties to an agreement respecting the election of certain of the Issuer’s directors. Each of the reporting persons disclaims beneficial ownership of the securities beneficially owned by the Intel Affiliates.
Note (3): Mr. McCaw is the controlling member of ERH. Securities attributed to Mr. McCaw include an aggregate of 18,690,953 shares of Class A common stock that ERH has a right to acquire upon conversion of the 18,690,953 Issuer’s Class B Common Stock; an aggregate of 988,333 shares of Class A common stock that ERH has the right to acquire pursuant to exercise of warrants exercisable within 60 days of May 31, 2007; 833,333 shares of Class A common stock that the Mr. McCaw has the right to acquire pursuant to exercise of options exercisable within 60 days of May 31, 2007; and 111,666 shares of Class A common stock held by CWCI LLC, an entity controlled by Mr. McCaw.
Note (4): Based on 134,801,550 shares of the Issuer’s Class A Common Stock outstanding on May 31, 2007, plus; 18,690,953 shares of Class A common stock that ERH has a right to acquire upon conversion of the 18,690,953 Issuer’s Class B Common Stock, an aggregate of 988,333 shares of Class A common stock that ERH has the right to acquire pursuant to exercise of warrants exercisable within 60 days of May 31, 2007.
Note (5): Based on 134,801,550 shares of the Issuer’s Class A Common Stock outstanding on May 31, 2007, plus; 18,690,953 shares of Class A common stock that ERH has a right to acquire upon conversion of the 18,690,953 Issuer’s Class B Common Stock, an aggregate of 988,333 shares of Class A common stock that ERH has the right to acquire pursuant to exercise of warrants exercisable within 60 days of May 31, 2007. Mr. McCaw disclaims beneficial ownership of the securities beneficially owned by CWCI, LLC, except to the extent of his pecuniary interest therein. Mr. McCaw disclaims beneficial ownership of the securities beneficially owned by the Intel Affiliates.
Note (6): Based on 134,801,550 shares of the Issuer’s Class A Common Stock outstanding on May 31, 2007.
ITEM 6.   CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
The Issuer, ERH and the Intel Affiliates are parties to a voting agreement dated August 29, 2006. Under the voting agreement the parties have agreed that ERH, the Intel Affiliates, and any person or entity to

 


 

whom ERH or the Intel Affiliates transfers their respective shares of capital stock, as well as any person or entity to whom the Issuer issues and sells shares of Class B common stock or securities convertible into or exchangeable for Class B common stock, must vote its shares in any election of the Issuer’s directors as may be necessary to elect as director or directors two individuals designated by Intel Capital Corporation so long as Intel Capital Corporation and Intel Capital (Cayman) Corporation, and their respective affiliates, hold at least 15% of the Issuer’s outstanding stock, one individual designated by Intel Capital Corporation so long as Intel Capital Corporation and Intel Capital (Cayman) Corporation, and their respective affiliates, hold at least 7.5% but less than 15% of our outstanding capital stock, and four individuals designated by the reporting person.
ITEM 7.   MATERIALS TO BE FILED AS EXHIBITS
Exhibit A: Voting Agreement dated August 29, 2006 among Clearwire Corporation, Intel Pacific, Inc., Intel Capital Corporation and Eagle River Holdings, LLC.

 


 

SIGNATURE
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: June 26, 2007
         
  EAGLE RIVER HOLDINGS, LLC
 
 
  /s/ Craig O. McCaw    
  By: Craig O. McCaw   
  Title:   Member   
 
  CRAIG O. MCCAW
 
 
  /s/ Craig O. McCaw    
 
CWCI, LLC 
 
 
  /s/ Craig O. McCaw    
  By: Craig O. McCaw   
  Member
CWCI, LLC 
 
 

 

EX-99.A 2 v31483exv99wa.txt EXHIBIT 99.A Exhibit 99.A EXECUTION VERSION INTEL/CLEARWIRE CONFIDENTIAL VOTING AGREEMENT This VOTING AGREEMENT (the "AGREEMENT") is made and entered into as of August 29, 2006, by and among Clearwire Corporation, a Delaware corporation (the "COMPANY"), Intel Pacific, Inc., a Delaware corporation ("INTEL"), Intel Capital Corporation, a Cayman Islands corporation ("INTEL SUB"), and Eagle River Holdings, LLC, a Washington limited liability company ("EAGLE RIVER"). WHEREAS, the Company and Intel have entered into, or will enter into contemporaneously herewith, a Common Stock Purchase Agreement (the "PURCHASE AGREEMENT"), under which Intel has agreed, or will agree, to purchase, and the Company has agreed, or will agree, to sell to Intel shares of the Company's Class A Common Stock, $0.0001 par value per share (the "CLASS A COMMON STOCK"), and Class B Common Stock, $0.0001 par value per share (the "CLASS B COMMON STOCK" and, together with the Class A Common Stock, the "COMMON STOCK"), subject to certain terms and conditions; WHEREAS, Intel Sub is the holder of shares of Class A Common Stock and Eagle River is the owner and holder of shares of Class A Common Stock and Class B Common Stock; WHEREAS, in connection with the transaction contemplated by the Purchase Agreement, Intel and Intel Sub shall have the right to designate and elect certain member(s) to the Company's Board of Directors ("BOARD") as provided in this Agreement; WHEREAS, the execution and delivery of this Agreement is a condition precedent to the obligations of Intel under the Purchase Agreement; and WHEREAS, in order to induce Intel to enter into the Purchase Agreement and purchase shares of Common Stock thereunder, the Company and Eagle River desire to enter into this Agreement with Intel and Intel Sub. NOW, THEREFORE, in consideration of the foregoing premises and certain other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 1. Agreement to Vote. Each Holder (as defined below) hereby agrees, on behalf of itself and any of its affiliates, subsidiaries, parents, stockholders, members, partners, heirs, executors, representatives, successors, transferees, and assigns, to hold, or cause to be held, all of its Shares (as defined below) subject to, and to vote, or cause to be voted, all such Shares at any regular or special meeting of the stockholders of the Company (or by written consent) in accordance with the provisions of this Agreement. For purposes of this Agreement, (i) the term "SHARES" shall mean any shares of the capital stock of the Company, including, without limitation, the Class A Common Stock, Class B Common Stock, any securities of the Company issued with respect to, upon conversion of, or in exchange or substitution for such securities, and any other voting securities of the Company, in each case, whether currently owned or hereinafter acquired, owned of record or beneficially, directly or indirectly, or to 1 which voting power is possessed or shared, and (ii) the term "HOLDER" shall mean (1) Eagle River and any person or entity to whom Eagle River may from time to time transfer, sell, convey, or assign any Shares, (2) Intel and any person or entity to whom Intel may from time to time transfer, sell, convey, or assign any Shares, and (3) any person or entity to whom the Company may from time after the date hereof to time issue and sell shares of Class B Common Stock or any securities convertible into or exchangeable for shares of Class B Common Stock. 2. Election of Directors. Each Holder shall vote, or cause to be voted, at any regular or special meeting of the stockholders of the Company (or by written consent) its Shares in any election of directors of the Company, as may be necessary to elect as a director or directors: (a) two (2) individuals designated or nominated by Intel, who shall initially be Arvind Sodhani and David (Dadi) Perlmutter, but only if Intel, Intel Sub, and their respective affiliates own or hold, in the aggregate, Shares representing at least 15% of the outstanding capital stock of the Company; (b) one (1) individual designated or nominated by Intel, but only if Intel, Intel Sub, and their respective affiliates own or hold, in the aggregate, Shares representing at least 7.5%, but less than 15%, of the outstanding capital stock of the Company; and (c) four (4) individuals designated or nominated by Eagle River. 3. Removal of Board Members. Each Holder also agrees to vote all of such Holder's Shares from time to time and at all times in whatever manner as shall be necessary to ensure that (i) no director elected pursuant to Section 2 of this Agreement may be removed from office other than for cause unless (A) such removal is directed or approved by the affirmative vote of the Holder entitled under Section 2 to designate that director or (B) the person(s) or entity(ies) originally entitled to designate or nominate such director pursuant to Section 2 is no longer so entitled to designate or approve such director; and (ii) any vacancies created by the resignation, removal, or death of a director elected pursuant to Section 2 shall be filled pursuant to the provisions of Section 2. 4. Legend on Share Certificates. Each certificate representing any Shares owned or held by a Holder shall be endorsed by the Company with a legend reading substantially as follows: "THE SHARES EVIDENCED HEREBY ARE SUBJECT TO A VOTING AGREEMENT (A COPY OF WHICH MAY BE OBTAINED UPON WRITTEN REQUEST FROM THE ISSUER), AND BY ACCEPTING ANY INTEREST IN SUCH SHARES THE PERSON ACCEPTING SUCH INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF SAID VOTING AGREEMENT, INCLUDING THE RESTRICTIONS ON TRANSFER SET FORTH THEREIN." 2 5. Covenants of the Company. (a) The Company agrees to use its best efforts to ensure that the rights granted hereunder are effective and that the parties enjoy the benefits thereof. Such actions include, without limitation, the use of the Company's best efforts to cause the election and/or removal of the Class B Directors as provided in Sections 2 and 3 above. The Company will not, by any voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all of the provisions of this Agreement and in the taking of all such actions as may be necessary or appropriate in order to protect the rights of the parties hereunder against impairment. (b) The Company agrees that it will not issue any shares of Class B Common Stock or any securities convertible into or exchangeable for shares of Class B Common Stock, or any securities that have or will have the right to vote with the Class B Common Stock in the election of the Class B Directors, unless the purchaser(s) of such shares or securities executes and delivers to the Company, with a true and correct copy to be provided to Intel, an Adoption Agreement, substantially in the form of Exhibit A attached hereto (the "ADOPTION AGREEMENT"), prior to such issuance and sale in which each such purchaser agrees to be bound as a Holder by, and comply with all of, the terms of this Agreement that are applicable to a Holder. 6. No Liability for Election of Recommended Directors. No party to this Agreement or any parent, subsidiary, affiliate, officer, director, stockholder, partner, retired partner, member, retired member, stockholder, employee, representative, or agent of any party, makes any representation or warranty as to the fitness or competence of any director nominee hereunder to serve on the Board by virtue of such party's execution of this Agreement or by the act of such party in voting for such director nominee pursuant to this Agreement. 7. Manner of Voting. The voting of Shares pursuant to this Agreement may be effected in person, by proxy, by written consent, or in any other manner permitted by applicable law. 8. Grant of Proxy. Upon the failure of any Holder to vote its Shares in accordance with the terms of this Agreement with respect to the election and removal of individuals designated or nominated by Intel, such Holder hereby grants to a stockholder designated by Intel a proxy coupled with an interest in all of the Shares of such Holder. Upon the failure of any Holder to vote its Shares in accordance with the terms of this Agreement with respect to the election and removal of individuals designated or nominated by Eagle River, such Holder hereby grants to a stockholder designated by Eagle River a proxy coupled with an interest in all of the Shares of such Holder. Each proxy granted hereby shall be irrevocable until this Section 8 is amended to remove such grant of proxy in accordance with Section 15 hereof, to vote all such Shares in the manner provided in Section 2 and 3 hereof. 3 9. Specific Enforcement. It is agreed and understood that any non-compliance with the terms of this Agreement (or any threat thereof) by the Company or any Holder would cause material irreparable damage to Intel and that the remedy at law is and will be inadequate, and that, in addition to all other remedies which it may have, Intel will be entitled to immediate specific performance and injunctive or other equitable relief without the need to post a bond or other security or prove actual damage. Further, the Company and each Holder hereby waive any claim or defense that there is an adequate remedy at law for such breach or threatened breach. 10. Execution by the Company. The Company, by its execution and delivery of this Agreement, agrees that it will cause the certificates issued after the date hereof evidencing the shares of Class B Common Stock to bear the legend required by Section 4 herein, and it shall supply, free of charge, a copy of this Agreement to any holder of a certificate evidencing shares of capital stock of the Company upon written request from such holder to the Company, at its principal office. The parties hereto hereby agree that the failure to cause the certificates evidencing the Shares to bear the legend required by Section 4 herein and/or failure of the Company to supply, free of charge, a copy of this Agreement as provided under this Section 10 shall not affect the validity or enforcement of this Agreement. 11. Restrictions on Exercise of Drag Along Right Against Intel. (a) Notwithstanding Section 6 of that certain Amended and Restated Stockholders Agreement, dated as of March 16, 2004 (the "STOCKHOLDERS AGREEMENT"), the Company and Eagle River each agrees and acknowledges that Intel and Intel Sub shall have no obligation to take any action specified under Section 6 of the Stockholders Agreement in connection with the exercise of the Drag Along Right (as such term is defined in the Stockholders Agreement) or any event giving rise to a Drag Along Right, unless each of the following conditions is satisfied (each capitalized term in this Section 11(a) that is not otherwise defined shall have the meaning ascribed to it set forth in the Stockholders Agreement): (i) The Selling McCaw Entity shall be required to commit to a Transfer in a bona fide arm's-length transaction with a Person that is not an Affiliate of the McCaw Entities. (ii) The only representations, warranties or covenants that Intel or Intel Sub shall be required to make in connection with a Transfer giving rise to a Drag Along Right (such Transfer, a "COMPANY SALE") are representations and warranties with respect to its own ownership of the Company's securities to be sold by it and its ability to convey title thereto free and clear of liens, encumbrances or adverse claims and reasonable covenants regarding confidentiality, publicity, and similar matters. (iii) The liability of Intel and Intel Sub with respect to any representation and warranty or covenant made by the Company in connection with a Company Sale shall be several and not joint with any other person, and any such liability shall be limited to Intel's or Intel Sub's pro rata share of the aggregate consideration payable to all 4 stockholders of the Company in the Company Sale, which may be held in escrow for a period not to exceed 12 months from the closing date of the Company Sale. (iv) Neither Intel nor Intel Sub shall be required to amend, extend or terminate any contractual or other relationship with the Company, the acquirer, or their respective affiliates. (v) Neither Intel nor Intel Sub shall be required to agree to any covenant not to compete or covenant not to solicit customers, employees, or suppliers of any party to the Company Sale. (b) Neither Intel nor Intel Sub will be bound by the Drag Along Right following any assignment of the Drag Along Right (by operation of law or otherwise) by Eagle River unless the person or entity to whom such right is assigned shall have executed a written agreement, substantially in the form of this Section 11 or pursuant to which such person becomes a party to this Agreement, and agrees to be bound by all the provisions of this Section 11. (c) Neither Intel nor Intel Sub will be bound by the Drag Along Right if Eagle River takes or consents to any action that results in the ability of any person or entity not an original party to this Agreement to exercise the Drag Along Right against Intel or Intel Sub, unless such person or entity shall have executed a written agreement, substantially in the form of this Agreement or pursuant to which such person becomes a party to this Agreement, and agrees to be bound by all the provisions of this Section 11. 12. Captions. The titles of the sections and subsections of this Agreement are for convenience of reference only and are not to be considered in construing or interpreting this Agreement. 13. Entire Agreement. This Agreement constitutes the entire understanding and agreement between the parties with regard to the subjects hereof; provided, however, that nothing in this Agreement shall be deemed to terminate or supersede the provisions of any confidentiality and nondisclosure agreements executed by the parties hereto prior to the date hereof, which agreements shall continue in full force and effect until terminated in accordance with their respective terms. 14. Notices. All notices, requests, waivers, and other communications made pursuant to this Agreement shall be in writing and shall be conclusively deemed to have been duly given (a) when hand delivered to a party; (b) when sent by facsimile if sent during normal business hours of the recipient with confirmation of sending to the fax number set forth below or, if sent after normal business hours with confirmation of sending, then notice shall be deemed to have been duly given on the next business day; (c) three (3) business days after deposit in the U.S. mail with registered or certified mail return receipt requested first class, postage prepaid, and addressed to a party as set forth below; or (d) the next business day after deposit with a national overnight delivery service, postage prepaid, and addressed to a party as set forth below with next-business-day delivery guaranteed, provided that the sending 5 party receives a confirmation of delivery from the delivery service provider. All notices, requests, waivers, and other communications shall be sent to the receiving party at its address as set forth below, or to such address or facsimile number as subsequently modified by written notice given in accordance with this Section 14. (i) if to the Company, at: Clearwire Corporation 5808 Lake Washington Blvd. NE, Suite 300 Kirkland, WA 98033 Facsimile No: (425) 216-7900 Attn: Broady Hodder, General Counsel With a copy to: Davis Wright Tremaine, LLP 1501 Fourth Avenue 2600 Century Square Seattle, WA 98121 Facsimile No: (206) 628-7699 Attn: Julie Weston, Esq. (ii) if to Intel or Intel Sub: Intel Pacific, Inc. c/o Intel Corporation 2200 Mission College Blvd., RN6-46 Santa Clara, CA 95054-1549 Attn: Intel Capital Portfolio Manager Fax Number: (408) 765-6038 With copies to: portfolio.manager@intel.com (iii) if to Eagle River, at: Eagle River Holdings, LLC 2300 Carillon Point Kirkland, WA 98033 Fax Number: 425-828-8061 Each person making a communication hereunder by facsimile shall promptly confirm by telephone to the person to whom such communication was addressed each communication made by it by facsimile pursuant hereto, but the absence of such confirmation shall not affect the validity of any such communication. 6 15. Amendments and Waivers. Any term of this Agreement may be amended, terminated, or waived only with the written consent of the Company, Intel, and Eagle River. Any amendment, termination, or waiver effected in accordance with this Section 15 shall be binding upon each transferee of the Shares, each future Holder of Shares, and the Company. 16. Delays or Omissions. No delay or omission to exercise any right, power, or remedy accruing to the Company, Intel, and/or any Holder, upon any breach or default under this Agreement shall impair any such right, power, or remedy of the Company, Intel, and/or any Holder, nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of any similar breach of default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent, or approval of any kind or character on the part of the Company, Intel, or a Holder of any breach of default under this Agreement or any waiver on the part of the Company, Intel, or a Holder of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement, or by law or otherwise afforded to the Company, Intel, or a Holder shall be cumulative and not alternative. 17. Stock Splits, Stock Dividends, etc. In the event of any issuance of Shares hereafter to any Holder (including, without limitation, in connection with any stock split, stock dividend, recapitalization, reorganization, or the like), such Shares shall become subject to this Agreement and shall be endorsed with the legend set forth in Section 4. 18. Severability. Should any provision of this Agreement be determined to be illegal or unenforceable, such determination shall not affect the validity or enforceability of any other provision of this Agreement. 19. Restrictions on Transferability; Binding Effect. This Agreement shall be binding upon the Holders, their respective heirs, executors, representatives, successors, transferees, and assigns and to such additional individuals or entities that may become a Holder of the Shares. For any such transfer of shares to be deemed effective, the transferee shall have executed and delivered to the Company, with a true and correct copy to be provided to Intel and Eagle River, an Adoption Agreement substantially in the form attached hereto as Exhibit A. Upon the execution and delivery of an Adoption Agreement, such transferee shall be deemed to be a Holder hereunder as if such transferee's signature appeared on the signature pages hereto. By their execution of this Agreement or any Adoption Agreement, each Holder hereunder appoints the Company as its attorney-in-fact for the purpose of executing any Adoption Agreement which may be required to be delivered hereunder. 20. Governing Law. This Agreement shall be governed by and construed in accordance with the General Corporation Law of the State of Delaware as to matters within the scope thereof, and as to all other matters shall be governed by and construed in accordance with the internal laws of the State of Delaware, without regard to principles of conflicts of laws. 7 21. Counterparts. This Agreement may be executed and delivered by facsimile signature in any number of counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument. [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 8 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written. CLEARWIRE CORPORATION By: /s/ Benjamin G. Wolff ------------------------------------ Name: Benjamin G. Wolff ---------------------------------- Title: Co-President & Co-CEO --------------------------------- INTEL PACIFIC, INC. By: /s/ Arvind Sodhani ------------------------------------ Name: Arvind Sodhani ---------------------------------- Title: President --------------------------------- INTEL CAPITAL CORPORATION By: /s/ Arvind Sodhani ------------------------------------ Name: Arvind Sodhani ---------------------------------- Title: President --------------------------------- EAGLE RIVER HOLDINGS, LLC By: /s/ Benjamin G. Wolff ------------------------------------ Name: Benjamin G. Wolff ---------------------------------- Title: Co-President & Co-CEO --------------------------------- [SIGNATURE PAGE TO CLEARWIRE VOTING AGREEMENT] 9 EXHIBIT A ADOPTION AGREEMENT This Adoption Agreement ("ADOPTION AGREEMENT") is executed by the undersigned (the "TRANSFEREE") pursuant to the terms of that certain Voting Agreement dated as of August 29, 2006 (the "AGREEMENT") by and among the Company, Intel, Intel Sub, and Eagle River. Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Agreement. By the execution of this Adoption Agreement, the Transferee agrees as follows: 1. Acknowledgment. Transferee acknowledges that Transferee is acquiring certain shares of the common stock of the Company (the "STOCK"), subject to the terms and conditions of the Agreement. 2. Agreement. Transferee (i) agrees that the Stock acquired by Transferee shall be deemed to be "Shares" under the Agreement, (ii) agrees to be bound as a Holder by, and comply with all of, the terms of this Agreement that are applicable to a Holder, and (ii) hereby adopts the Agreement with the same force and effect as if Transferee were originally a party thereto. 3. Notice. Any notice required or permitted by the Agreement shall be given to Transferee at the address listed beside Transferee's signature below. EXECUTED AND DATED this ______ day of _____________. TRANSFEREE: By: ------------------------------------ Name and Title ------------------------- Address: ------------------------------- Fax: ----------------------------------- Accepted and Agreed: CLEARWIRE CORPORATION: By: --------------------------------- Title: ------------------------------
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