TWC WIRELESS HOLDINGS I LLC TWC WIRELESS HOLDINGS II LLC TWC WIRELESS HOLDINGS III LLC
EXHIBIT 99.24
TWC WIRELESS HOLDINGS I LLC
TWC WIRELESS HOLDINGS II LLC
TWC WIRELESS HOLDINGS III LLC
00 Xxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
August 29, 2012
To the Persons listed on Exhibit A hereto
Re: Interest Notice
Ladies and Gentlemen:
Reference is made to that certain Strategic Investor Agreement dated as of November 28, 2008 (the “SIG Agreement”) by and among TWC Wireless Holdings I LLC (“TWC I”), TWC Wireless Holdings II LLC (“TWC II”), TWC Wireless Holdings III LLC (“TWC III” and, together with TWC I and TWC II, the “Transferors”) and certain other stockholders in Clearwire Corporation (the “Company”). Capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the SIG Agreement.
Pursuant to Section 5(a) of the SIG Agreement, each of TWC I, TWC II and TWC III hereby notifies you that it intends to sell up to 15,468,261, 15,468,261 and 15,468,260 shares, respectively, of Class A Common Stock of the Company (the “Shares”) at $1.40 per share in a cash transaction pursuant to one or more Open Market Transfers. Such transfers would be effected following an exchange of all of the shares of Class B Common Stock together with all of the Class B Common Units held by each Transferor into an equal number of shares of Class A Common Stock.
Pursuant to Section 5(a) of the SIG Agreement, each other Investor shall have five (5) Business Days from receipt of this Interest Notice to notify the Transferors of its election to purchase all or any portion of the Shares in accordance with the terms and conditions of this Interest Notice and the SIG Agreement.
Each of the Transferors also requests that you waive certain rights under the SIG Agreement and the Equityholders’ Agreement with respect to the above-referenced proposed sale. By execution of this letter, the undersigned hereby waives its right of first offer pursuant to Section 5(a) of the SIG Agreement and further waives application of Section 3.3(c)(ii)(B) of the Equityholders’ Agreement with respect to the above-referenced proposed sales, provided that TWC effects such sales prior to October 31, 2012 and in accordance with applicable laws. Please send the executed copy of this letter and/or any notices relating hereto to Satish Adige by email at xxxxxx.xxxxx@xxxxxxx.xxx or by facsimile at 000-000-0000.
[Signature Page Follows.]
Very truly yours, | ||
TWC WIRELESS HOLDINGS I LLC | ||
By: | /s/ SATISH ADIGE | |
Name: Satish Adige | ||
Title: Senior Vice President, Investments |
TWC WIRELESS HOLDINGS II LLC | ||
By: | /s/ SATISH ADIGE | |
Name: Satish Adige | ||
Title: Senior Vice President, Investments |
TWC WIRELESS HOLDINGS III LLC | ||
By: | /s/ SATISH ADIGE | |
Name: Satish Adige | ||
Title: Senior Vice President, Investments |
EQUITYHOLDER | ||
By: | [Countersignature] | |
Name: | ||
Title: |
[Signature Page to TWC Notice under SIG Agreement]
Exhibit A
Comcast Corporation
One Comcast Center
0000 Xxxx X. Xxxxxxx Xxxxxxxxx
Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000
Attention: Chief Financial Officer
Facsimile No.: (000) 000-0000
Comcast Corporation
One Comcast Center
0000 Xxxx X. Xxxxxxx Xxxxxxxxx
Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000
Attention: General Counsel
Facsimile No.: (000) 000-0000
Xxxxx Xxxx & Xxxxxxxx
450 Lexington A venue
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxx X. Xxxxxx
Facsimile No.: (000) 000-0000
Bright House Networks, LLC
c/o Advance/Xxxxxxxx Partnership
0000 Xxxxxxxxxxx Xxxxx
Xxxx Xxxxxxxx, XX 00000
Attn: Xxx Xxxxxxxx
Facsimile No.: (000) 000-0000
Xxxxx, Xxxxxxx & Xxxxx LLP
Xxxx Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxx X. Xxxxxxxxxx, Esq.
Facsimile No.: (000) 000-0000