Clearwire 2010 Annual Report Download - page 110

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Immediately following the receipt by the Participating Equityholders of Clearwire Communications Interests,
each of the Participating Equityholders agreed to contribute to Clearwire its Clearwire Communications voting interests
in exchange for an equal number of shares of Clearwire’s Class B Common Stock, par value $0.0001 per share.
Under the Investment Agreement, in exchange for the purchase by Sprint, Comcast, Time Warner Cable and
Bright House of Clearwire Communications Class B Common Interests and Clearwire Communications Voting
Interests in amounts exceeding certain amounts stipulated in the Investment Agreement, Clearwire Communica-
tions agreed to pay a fee, which we refer to as an Over Allotment Fee, equal to the following amounts. Such fee is
payable in cash, or Clearwire Communications Class B Common Interests and Clearwire Communications Voting
Interests, at the option of the Participating Equityholder:
Investor Over Allotment Fee
Sprint ......................................................... $18,878,934
Comcast ....................................................... $ 3,135,911
Time Warner Cable ............................................... $ 1,659,287
Bright House . .................................................. $ 315,325
At the Second Investment Closing, Clearwire Communications delivered a portion of the Over Allotment Fee,
$6.9 million in cash and $9.5 million in Clearwire Communications Class B Common Interests, valued at $7.33 per
interest, and an equal number of Clearwire Communications Voting Interests to Sprint, $2.7 million in cash to
Comcast, $1.4 million in cash to Time Warner Cable and $275,000 in cash to Bright House. At the Third Investment
Closing, Clearwire Communications paid the remaining Over Allotment Fee of $3.2 million, in the aggregate.
Clearwire Communications delivered the applicable Over Allotment Fee to Sprint, one-half in cash and one-half in
the form of Clearwire Communications Class B Common Interests valued at $7.33 per interest and an equal number
of Clearwire Communications Voting Interests, and to Comcast, Time Warner Cable and Bright House Networks in
cash.
Clearwire holds all of the outstanding Clearwire Communications Class A Common Interests, and all the
outstanding Clearwire Communications voting interests, representing 25% of the economics and 100% of the
voting rights of Clearwire Communications as of December 31, 2010.
The following table lists the interests in Clearwire as of December 31, 2010:
Investor
Class A
Common Stock
Class A Common
Stock %
Outstanding
Class B Common
Stock(1)
Class B Common
Stock %
Outstanding Total
Total %
Outstanding
Sprint .............. — — 531,724,348 71.5% 531,724,348 53.9%
Comcast ............ — — 88,504,132 11.9% 88,504,132 8.9%
Time Warner Cable .... — — 46,404,782 6.2% 46,404,782 4.7%
Bright House ........ — — 8,474,440 1.1% 8,474,440 0.9%
Intel ............... 36,666,666 15.1% 65,644,812 8.9% 102,311,478 10.3%
Eagle River.......... 35,922,958 14.7% 2,728,512 0.4% 38,651,470 3.9%
Google Inc. ......... 29,411,765 12.1% — — 29,411,765 3.0%
Other Shareholders .... 140,954,238 57.9% — — 140,954,238 14.3%
CW Investment
Holdings LLC ...... 588,235 0.2% — — 588,235 0.1%
243,543,862 100.0% 743,481,026 100.0% 987,024,888 100.0%
(1) The holders of Class B Common Stock hold an equivalent number of Clearwire Communications Class B
Common Interests.
105
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)