THE 2009 EMPLOYMENT INDUCEMENT EQUITY INCENTIVE PLAN
OF LEAP WIRELESS INTERNATIONAL, INC.
Leap Wireless International, Inc., a Delaware corporation, has adopted the 2009 Employment Inducement
Equity Incentive Plan of Leap Wireless International, Inc. (the “ Plan ”), effective February 10, 2009 (the “
Effective Date ”), for the benefit of Eligible Individuals (as defined below).
The purposes of the Plan are as follows:
(1) To provide an additional incentive for Eligible Individuals to further the growth, development and
financial success of the Company by personally benefiting through the ownership of Company stock and/or rights
which recognize such growth, development and financial success.
(2) To enable the Company to obtain and retain the services of Eligible Individuals considered essential to
the long-range success of the Company by offering them an opportunity to own stock in the Company which will
reflect the growth, development and financial success of the Company.
All Awards granted under the Plan are intended to constitute “employment inducement awards” within the
meaning of Nasdaq Stock Market Rule 4350(i)(1)(A)(iv). Awards under the Plan may only be made in
compliance with such rule and other requirements as may be imposed by The Nasdaq Stock Market in
connection with employment inducement awards.
Wherever the following terms are used in the Plan they shall have the meanings specified below, unless the
context clearly indicates otherwise. The singular pronoun shall include the plural where the context so indicates.
1.1. “ Administrator ” shall mean the entity that conducts the general administration of the Plan as provided
herein. The term “Administrator” shall refer to the Committee unless the Board has elected to exercise any of the
rights and duties of the Committee under the Plan generally as provided in Section 9.2.
1.2. “ Award ” shall mean an Op