Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement.
Exercise of SNR Put Right
On November 15, 2021, DISH Network Corporation ("DISH") through its wholly-owned
subsidiary American AWS-3 Wireless III L.L.C. ("American III") received notice
that SNR Wireless Management, LLC ("SNR Management") is exercising the SNR Put
Right effective as of the same date. The value of the SNR Put Right has accrued
to approximately $300 million as of November 15, 2021. The consummation of the
sale (which will be paid using funds provided by DISH) is subject to approval by
the Federal Communications Commission.
For further information regarding the SNR Put Right, please see DISH's public
filings, including disclosure under the caption "Redeemable Noncontrolling
Interests" in DISH's Form 10-Q for the period ended September 30, 2021.
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