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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 12 - us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>12. Share-Based Payments</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     At June 30, 2010, there were 59,430,392 shares available for grant under the legacy Clearwire
Corporation, which we refer to as Old Clearwire, 2008 Stock Compensation Plan, which we refer to as
the 2008 Plan, which authorizes us to grant incentive stock options, non-qualified stock options,
stock appreciation rights, restricted stock, restricted stock units, which we refer to as RSUs, and
other stock awards to our employees, directors and consultants. Since the adoption of the 2008
Plan, no additional stock options will be granted under the Old Clearwire 2007 Stock Compensation
Plan or the Old Clearwire 2003 Stock Option Plan.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Stock Options</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     We granted options to certain officers and employees under the 2008 Plan. All options
generally vest over a four-year period. The fair value of option grants is estimated on the date of
grant using the Black-Scholes option pricing model.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     A summary of option activity is presented below:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Weighted-</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Average</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Number of</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Exercise</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Options</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Price</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Options outstanding — January 1, 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">21,537,731</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">11.09</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Granted
</div></td>
<td> </td>
<td> </td>
<td align="right">956,648</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.40</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Forfeited
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(1,909,918</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">13.47</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Exercised
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(2,727,536</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">4.60</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Options outstanding — June 30, 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">17,856,925</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">11.63</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 3px double #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Vested and expected to vest — June 30, 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">16,816,065</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">11.90</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 3px double #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Exercisable outstanding — June 30, 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">10,569,116</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">13.89</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 3px double #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The fair value of each option grant is estimated on the date of grant using the Black-Scholes
option pricing model using the following assumptions:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="70%"> </td>
<td width="5%"> </td>
<td width="4%"> </td>
<td width="5%"> </td>
<td width="16%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Three Months</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Six Months</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Ended</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Ended</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>June 30, 2010</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>June 30, 2010</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="3" valign="top" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected volatility
</div></td>
<td> </td>
<td align="center" valign="top">62.22%</td>
<td> </td>
<td align="center" valign="top">58.80% — 62.22%</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected dividend yield
</div></td>
<td> </td>
<td align="center" valign="top">—</td>
<td> </td>
<td align="center" valign="top">—</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected life (in years)
</div></td>
<td> </td>
<td align="center" valign="top">6.25</td>
<td> </td>
<td align="center" valign="top">6.25</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Risk-free interest rate
</div></td>
<td> </td>
<td align="center" valign="top">2.83%</td>
<td> </td>
<td align="center" valign="top">2.83% — 3.15%</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Weighted average fair value per option at grant date
</div></td>
<td> </td>
<td align="center" valign="top">$4.60</td>
<td> </td>
<td align="center" valign="top">$4.29</td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The total unrecognized share-based compensation costs related to non-vested stock options
outstanding at June 30, 2010 was $9.8 million and is expected to be recognized over a weighted
average period of approximately two years<b>.</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     For the three and six months ended June 30, 2010, we used an expected forfeiture rate of 9.76%
in determining the calculation of share-based compensation expense for stock options.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Restricted Stock Units</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     We grant RSUs to certain officers and employees under the 2008 Plan. All RSUs generally vest
over a four-year period. The fair value of our RSUs is based on the grant-date fair market value of
the common stock, which equals the grant date market price.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt">A summary of the RSU activity is presented below:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Weighted-</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Number Of</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Average</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>RSU’s</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Grant Price</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Restricted stock units outstanding — January 1, 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">11,853,194</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">4.60</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Granted
</div></td>
<td> </td>
<td> </td>
<td align="right">3,733,888</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.92</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Forfeited
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(1,276,473</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">4.56</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Converted
</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(2,979,812</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3.33</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Restricted stock units outstanding — June 30, 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">11,330,797</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">5.70</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 3px double #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     As of June 30, 2010, we have total unrecognized compensation cost of approximately $35.3
million, which is expected to be recognized over a weighted-average period of approximately two
years.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     For the three and six months ended June 30, 2010, we used an expected forfeiture rate of 6.78%
in determining share-based compensation expense for RSUs.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     <b><i>Sprint Equity Compensation Plans</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In connection with the Old Clearwire and the WiMAX Operations of Sprint, which we refer to as
the Sprint WiMAX Business, combination on November 28, 2008, certain of the Sprint WiMAX Business
employees became employees of Clearwire and currently hold unvested Sprint stock options and RSUs
in Sprint’s equity compensation plans. Total unrecognized share-based compensation cost related to
unvested stock options and RSUs outstanding as of June 30, 2010 was $35,750 and $109,700,
respectively, and is expected to be recognized over approximately one year.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Share-based compensation expense recognized for all plans is as follows (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7"><b>Three Months Ended</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7"><b>Six Months Ended</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>2009</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>2010</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>2009</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="15" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Options
</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">2,694</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">2,492</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">13,231</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">5,219</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">RSUs
</div></td>
<td> </td>
<td> </td>
<td align="right">8,106</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,587</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17,232</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,928</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Sprint Equity Compensation Plans
</div></td>
<td> </td>
<td> </td>
<td align="right">93</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">533</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">131</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,405</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="15" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">10,893</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">10,612</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">30,594</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">16,552</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td colspan="15" align="left" style="border-top: 3px double #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     During
the three and six months ended June 30, 2010, we recorded
$753,000 and $10.5
million, respectively, of additional compensation expense related to the acceleration of vesting
and the extension of the exercise period for certain RSUs and options.
</div>
</div>
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Disclosure of compensation-related costs for share-based compensation which may include disclosure of policies, compensation plan details, allocation of stock compensation, incentive distributions, share-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14
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