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APPENDIX A
UPDATED GUARANTOR FINANCIAL INFORMATION
Leap Wireless International, Inc. (“Leap”) filed its Annual Report on Form 10-K for the year ended
December 31, 2010 (the “2010 10-K”), with the Securities and Exchange Commission (the “SEC”) on
February 25, 2011, which report was amended by Amendment No. 1 on Form 10-K/A filed with the SEC on
April 29, 2011 (“Amendment No. 1”). Denali Spectrum, LLC and LCW Wireless, LLC and their respective
subsidiaries (collectively, the “Subsidiaries”) were reported as “Non-Guarantor Subsidiaries” in “Note 15 —
Guarantor Financial Information” (“Note 15”) in the consolidated financial statements for the three years ended
December 31, 2010 included in the 2010 10-K (the “2010 Financial Statements”). Subsequent to Leap’s filing of the
2010 10-K, the Subsidiaries were merged with and into Leap’s wholly-owned subsidiary, Cricket Communications,
Inc. (“Cricket”).
Leap filed a Current Report on Form 8-K with the SEC on May 17, 2011 (the “Form 8-K”) to update Note 15 in
the 2010 Financial Statements to reflect the subsequent mergers of the Subsidiaries with and into Cricket and to
reflect the consolidation of the financial position, results of operations and cash flows of these entities into Cricket
as the “Issuing Subsidiary” for each period presented. The revised consolidated financial statements of Leap for the
three years ended December 31, 2010 containing the updated Note 15 are attached to the Form 8-K as Exhibit 99.1.
Set forth below is Note 15 as set forth in Exhibit 99.1 to the Form 8-K. Other than the above-described update
to Note 15, no other portions of the 2010 Financial Statements have been updated or amended. Except as set forth in
Amendment No. 1 or the Form 8-K, Leap has not undertaken any obligation to update or supplement any other items
in the 2010 Form 10-K or the 2010 Financial Statements to reflect any events occurring after February 25, 2011 or to
modify or update information or disclosures in the 2010 Form 10-K or 2010 Financial Statements affected by other
subsequent events.
Note 15. Guarantor Financial Information
The $2,600 million of senior notes issued by Cricket (the “Issuing Subsidiary”) are comprised of $300 million
of unsecured senior notes due 2015, $1,100 million of senior secured notes due 2016 and $1,200 million of
unsecured senior notes due 2020. The notes are jointly and severally guaranteed on a full and unconditional basis by
Leap (the “Guarantor Parent Company”) and Cricket License Company, LLC, a wholly-owned subsidiary of
Cricket (the “Guarantor Subsidiary”).
The indentures governing these notes limit, among other things, the Guarantor Parent Company’s, Cricket’s
and the Guarantor Subsidiary’s ability to: incur additional debt; create liens or other encumbrances; place
limitations on distributions from restricted subsidiaries; pay dividends; make investments; prepay subordinated
indebtedness or make other restricted payments; issue or sell capital stock of restricted subsidiaries; issue
guarantees; sell assets; enter into transactions with affiliates; and make acquisitions or merge or consolidate
with another entity.
Condensed consolidating financial information of the Guarantor Parent Company, the Issuing Subsidiary, the
Guarantor Subsidiary, non-Guarantor Subsidiaries and total consolidated Leap and subsidiaries as of December 31,
2010 and 2009 and for the years ended December 31, 2010, 2009 and 2008 is presented below. The equity method of
accounting is used to account for ownership interests in subsidiaries, where applicable.
At December 31, 2010, LCW Wireless and Denali and their respective subsidiaries were wholly owned
subsidiaries of Cricket and considered non-Guarantor Subsidiaries. LCW Wireless and Denali and their respective
subsidiaries were merged with and into Cricket on February 28, 2011 and March 31, 2011, respectively. The
condensed consolidated financial information reflects these subsequent mergers and the consolidation of the
financial position, results of operations and cash flows of these entities into the Issuing Subsidiary for each period
presented.
A-1