In addition, our board of directors is actively considering whether to not make the June 1, 2013, interest payment on our approximately $4.5 billion of outstanding debt. If the merger is not completed, we may be forced to explore all available alternatives, including restructuring, which could include seeking protection under the provisions of the United States Bankruptcy Code. We can give you no assurance that in a restructuring you would receive any value for your shares or a value equal to or in excess of the merger consideration.The Clearwire board urges you not to take that chance. Please consider all the facts. Don't be convinced otherwise: the Clearwire board is confident that, absent the Sprint transaction, the Company's options become increasingly limited and, day by day, the future value for stockholders becomes even more unclear. MAXIMIZE THE VALUE OF YOUR INVESTMENT IN CLEARWIRE VOTE "FOR" THE SPRINT TRANSACTION ON THE WHITE PROXY CARD TODAY The Clearwire board unanimously recommends that you vote your shares FOR all of the proposals relating to the proposed transaction with Sprint by returning the WHITE proxy card with a "FOR" vote for all proposals. The failure to vote or an abstention has the same effect as a vote against the proposed combination. Because some of the proposals required to close the proposed transaction requires the affirmative vote of 75% of all outstanding shares, the votes of all of Clearwire stockholders are important. If stockholders do not approve the proposals related to the proposed combination, there is no assurance that your shares of Clearwire common stock will be able to be sold for the same or greater value in the future. We urge you to discard any gold proxy cards you may receive, as they were sent by a dissident stockholder. If you previously submitted a gold proxy card, we urge you to cast your vote as instructed on the WHITE proxy card as soon as you receive it. A vote on the WHITE proxy card will revoke any earlier dated proxy card that was submitted, including any white proxy card. If you have questions or need assistance voting your shares, please contact our proxy solicitor, MacKenzie Partners, Inc., toll-free at (800) 322-2885 or call collect at (212) 929-5500. On behalf of your board of directors, we thank you for your continued support.