LETTER AGREEMENT Regarding Wireless Revenue Payment from LY Holdings, LLC and Lightyear Network Solutions, LLC July 1, 2008Wireless Revenue Payment Agreement • February 19th, 2010 • Libra Alliance Corp • Blank checks • Kentucky
This Letter Agreement (“Agreement”) certifies that, for good and valuable consideration received on the date hereof, (“Lender”), is entitled to receive each month from LY Holdings, LLC, a Kentucky limited liability company (“LYH”), and Lightyear Network Solutions, LLC, a Kentucky limited liability company (“LNS”); collectively with LYH, “Lightyear”), percent ( %) (the “Wireless Percentage”) of the Monthly Revenue (as defined herein) from the sales of wireless service offerings (excluding equipment and accessories, but including service activations), as determined from the wireless product codes in Lightyear’s billing system and revenue reports; all as subject to the terms and conditions set forth herein (the “Wireless Revenue Payment”). For purposes of this Agreement, “Monthly Revenue” means all revenue from the immediately preceding monthly billings excluding taxes, LNP charges, termination charges, USF charges, PICC charges, sales taxes and other similar charges. Lender understands t
