Notice and Non-Qualified Stock Option Agreement Sample Contracts

LEAP WIRELESS INTERNATIONAL, INC. 2004 STOCK OPTION, RESTRICTED STOCK AND DEFERRED STOCK UNIT PLAN STOCK OPTION GRANT NOTICE AND NON-QUALIFIED STOCK OPTION AGREEMENT

Notice and Non-Qualified Stock Option Agreement • March 27th, 2006 • Leap Wireless International Inc • Telephone communications (no radiotelephone) • Delaware

• Contract Type
  Notice and Non-Qualified Stock Option Agreement
• Filed
  March 27th, 2006
• Company
  Leap Wireless International Inc
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  Delaware

Leap Wireless International, Inc. (the “Company”), pursuant to its 2004 Stock Option, Restricted Stock and Deferred Stock Unit Plan (the “Plan”), hereby grants to the holder listed below (“Holder”), an option to purchase the number of shares of the Company’s Common Stock set forth below (the “Option”). This Option is subject to all of the terms and conditions as set forth herein and in the Non-Qualified Stock Option Agreement attached hereto as Exhibit A (the “Stock Option Agreement”) and the Plan, each of which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Grant Notice and the Stock Option Agreement.