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Brightstar Corp. – IPO: ‘S-1’ on 8/9/04 – EX-10.38

On:  Monday, 8/9/04, at 1:27pm ET   ·   Accession #:  950144-4-7938   ·   File #:  333-118036

Previous ‘S-1’:  None   ·   Next:  ‘S-1/A’ on 9/20/04   ·   Latest:  ‘S-1/A’ on 6/28/11

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 8/09/04  Brightstar Corp.                  S-1                   59:4.8M                                   Bowne of Atlanta Inc/FA

Initial Public Offering (IPO):  Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Brighstar Corp. Form S-1                            HTML   1.42M 
 2: EX-4.1      Form of Common Stock Certificate                       4     22K 
 3: EX-4.2      Certificate of Designation                            34    124K 
 4: EX-4.3      Stockholders' Agreement                               41    165K 
 5: EX-4.4      Purchase Agreement                                   246    961K 
 6: EX-4.5      Redemption Agreement                                   8     47K 
 7: EX-10.1     Amended & Restated Distribution Agreement             32    129K 
                          W/Motorola                                             
16: EX-10.10    Kyocera Wireless Corp. Supply Agreement                6     44K 
17: EX-10.11    Amendment to Supply Agreement W/Kyocera                1     18K 
18: EX-10.12    Amendment No. 2 to Supply Agreement W/Kyocera          2±    19K 
19: EX-10.13    Amendment No. 3 to Supply Agreement W/Kyocera          1     18K 
20: EX-10.14    Amendment No. 4 to Supply Agreement W/Kyocera          2     20K 
21: EX-10.15    Amendment No. 5 to Supply Agreement W/Kyocera          2±    19K 
22: EX-10.16    Contract for Services W/Otecel S.A.                   42    170K 
23: EX-10.17    Operating Agreement W/Narbitec                        33    128K 
24: EX-10.18    First Amendment to Operating Agreement                 3     21K 
25: EX-10.19    Development and Supply Agreement W/Csi Wireless       44    190K 
 8: EX-10.2     Exclusive Distribution Agreement W/Motorola           19     73K 
26: EX-10.20    First Amendment to Development and Supply             16     67K 
                          Agreement                                              
27: EX-10.21    Employment Agreement / Denise Gibson                  11     66K 
28: EX-10.22    Executive Employment Agreement/ Marcelo Claure        17     90K 
29: EX-10.23    Executive Employment Agreement W/Oscar Fumagali       10     60K 
30: EX-10.24    Independent Contractor Agreement/ Victor Raul          8     41K 
                          Califa                                                 
31: EX-10.25    Independent Contractor Agreement/ Carlos M. Touyaa     8     41K 
32: EX-10.26    Industrial Multi-Tenant Lease                         40    183K 
33: EX-10.27    Lease Agreement                                       94    395K 
34: EX-10.28    Factoring Agreement/ Factor Banarte                   18    118K 
35: EX-10.29    Factoring Agreement/ Bbva Bancomer, S.A.              15     65K 
 9: EX-10.3     Motorola Master Distributor Agreement                 23±    94K 
36: EX-10.30    Revolving Credit and Security Agreement W/Pnc Bank   131    511K 
37: EX-10.31    Amended and Restated Payment Terms Agreement          22    101K 
                          W/Motorola                                             
38: EX-10.32    Intercreditor Agreement W/Motorola                    29    124K 
39: EX-10.33    Amended and Restated Stock Pledge and Security        14     63K 
                          Agreement W/Motorola                                   
40: EX-10.34    Limited Security Agreement W/Motorola                 22     91K 
41: EX-10.35    Security Agreement W/Motorola                         22     98K 
42: EX-10.36    Amended and Restated Security Agreement W/Motorola    13     67K 
43: EX-10.37    Amended and Restated Unconditional Guaranty/           9     45K 
                          Brightstar Corp W/Motorola                             
44: EX-10.38    Amended and Restated Unconditional Guaranty/           9     45K 
                          Brightstar U.S.,Inc. W/Motorola                        
45: EX-10.39    Unconditonal Guaranty W/Motorola                      16     70K 
10: EX-10.4     Amendment One to Motorola Master Distributor           3     25K 
                          Agreement                                              
46: EX-10.40    Amended and Restated Personal Guaranty W/Motorola      5     32K 
47: EX-10.41    Stock Pledge and Security Agreement W/Motorola        11     51K 
48: EX-10.42    Amended and Restated Security Agreement W/Motorola    14     67K 
49: EX-10.43    Amended and Restated Stock Pledge and Security        10     49K 
                          Agreement/ Motorola                                    
50: EX-10.44    Amended and Restated Pledge Agreement/Telcel C.A.      8±    42K 
51: EX-10.45    Promissory Note W/American Express                     5±    32K 
52: EX-10.49    Purchase Agreement/El Salvador                        14     64K 
11: EX-10.5     First Amendment to Motorola Master Distributor         2     20K 
                          Agreement                                              
53: EX-10.50    Amendment No. 1 to Purchase Agreement /El Salvador     2     21K 
54: EX-10.51    Purchase Agreement/ Guatemala                         14     64K 
55: EX-10.52    Amendment No. 1 to Purchase Agreement/Guatemala        2     23K 
56: EX-10.53    2004 Stock Incentive Plan                             20     89K 
57: EX-10.54    Cellular Essential Properties Cross License Agmt      17     58K 
12: EX-10.6     U.S. Distribution Agreement W/Motorola                30    105K 
13: EX-10.7     Distributor Agreement W/Sendo America, Inc.           26    100K 
14: EX-10.8     Distribution Agreement W/Sagem S.A.                   33    117K 
15: EX-10.9     Distributor Agreement W/Samsung                       16     68K 
58: EX-21       List of Subsidiaries                                   1     18K 
59: EX-23.2     Consent of Deloitte & Touche LLP                       1     17K 


EX-10.38   —   Amended and Restated Unconditional Guaranty/ Brightstar U.S.,Inc. W/Motorola

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EXHIBIT 10.38 AMENDED AND RESTATED UNCONDITIONAL GUARANTY THIS AMENDED AND RESTATED UNCONDITIONAL GUARANTY (the "Guaranty") is made as of April 23, 2004, by BRIGHTSTAR US, INC., a Florida corporation (the "Guarantor"), in favor of MOTOROLA, INC., a Delaware corporation, in its capacity as agent for itself and the other Motorola Parties (in such capacity, "Motorola"). Preliminary Statements (a) Guarantor entered into an unconditional guaranty dated May 24, 2002 (the "Original Guaranty"), in favor of Motorola, Inc. (b) The Guarantor desires to amend the Original Guaranty and to restate it in its entirety as so amended and Motorola is willing to allow such amendment and restatement. NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Guarantor agrees to amend and restate the Original Guaranty in its entirety as follows: 1. Definitions. All capitalized terms used but not defined in this Guaranty have the meanings given in the Amended and Restated Payment Terms Agreement, dated as of April 23, 2004, by and among Motorola, Inc. (in its capacity as agent for itself and the other Motorola Parties), Brightstar Corp. and the other persons and entities that are parties thereto (as the same may be amended, restated, supplemented or otherwise modified from time to time, the "Payment Terms Agreement"). 2. Amendment and Restatement; Guaranties and Liens Unimpaired. This Guaranty amends, restates and replaces the Original Guaranty in its entirety. It is the intention and understanding of the parties that (a) this Guaranty shall continue the obligations under the Original Guaranty (and any Brightstar Obligations represented, guarantied or secured thereby) and shall not act as a novation of the Original Guaranty (or any Brightstar Obligations represented, guarantied or secured thereby), (b) all guaranties and all security interests, pledges and other liens guarantying or securing the Original Guaranty (or any Brightstar Obligations represented, guarantied or secured thereby) shall remain in full force and effect and shall guarantee and secure this Guaranty (and all Brightstar Obligations represented, guarantied or secured thereby), and (c) the priority of all guaranties and all security interests, pledges and other liens guarantying or securing any obligations under the Original Guaranty (or any Brightstar Obligations represented, guarantied or secured thereby) shall not be impaired by the execution, delivery or performance of this Guaranty. 3. Guaranty. The Guarantor hereby unconditionally guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all of the Brightstar Obligations. The amount that the Guarantor is obligated to pay hereunder is unlimited. Further, whether or not suit is brought by Motorola to acquire possession of any collateral of the Guarantor or any Brightstar Party or to enforce collection of any unpaid balance(s) under any of the Brightstar Documents, the Guarantor expressly hereby agrees to pay all legal expenses and the reasonable attorney's fees (including those relative to appellate Amended and Restated Unconditional Guaranty (Brightstar US) - Page 1
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proceedings, if any) actually incurred by Motorola in enforcement of any of the Brightstar Obligations or any of the Brightstar Documents against any of the Brightstar Parties. 4. Other Documents. The Guarantor has made other representations and warranties to Motorola and has entered into various other agreements with Motorola including but not limited to those set forth in the Brightstar Documents. The Guarantor acknowledges that the provisions of the Brightstar US Security Agreement under the heading "Bankruptcy" are incorporated herein by reference and that each reference to the "Agreement" (either directly or as a part of the Brightstar Documents) in the provisions of the Brightstar US Security Agreement under the heading "Bankruptcy" shall also be deemed to be a reference to this Guaranty. 5. Unconditional Nature of Guaranty. This Guaranty is and shall remain an unconditional and continuing guaranty of payment and not of collection, shall remain in full force and effect irrespective of any interruption(s) in the business or other dealings and relations of any of the Brightstar Parties with any of the Motorola Parties and shall apply to and guarantee the due and punctual payment of all Brightstar Obligations. To that end, the Guarantor hereby expressly waives any right to require Motorola to bring any action against any of the Brightstar Parties or any other person(s) or to require that resort be had to any security or to any balance(s) of any deposit or other account(s) or debt(s) or credit(s) on the books of any of the Motorola Parties in favor of any of the Brightstar Parties or any other person(s). The Guarantor acknowledges that its liabilities and obligations hereunder are primary rather than secondary. To that end and without limiting the generality of the foregoing, the Guarantor herewith expressly waives any rights it otherwise might have had under provisions of the law of the State of Florida to require Motorola to attempt to recover against any of the Brightstar Parties and/or to realize upon any securities or collateral security which Motorola or any of the Motorola Parties holds for the Brightstar Obligations. Notwithstanding the satisfaction or performance of the Brightstar Obligations, the Guarantor's liability shall continue to exist for so long as the satisfaction of the Brightstar Obligations could be set aside or such Brightstar Obligations otherwise be reinstated under bankruptcy, insolvency, fraudulent conveyance, debtor relief, or other similar laws of any Federal, State of other competent jurisdiction. 6. Timeliness. TIME IS OF THE ESSENCE HEREOF. 7. Set-off. If any process is issued or ordered to be served upon any of the Motorola Parties, seeking to seize any right and/or interest of the Guarantor or any of the Brightstar Parties in any amounts owed by any of the Motorola Parties, if any, the balance(s) owed shall immediately be deemed to have been and shall be set-off against any and all Brightstar Obligations and/or all obligations and liabilities of the Guarantor hereunder, as of the time of the issuance of any such writ or process; whether or not the Guarantor, the Brightstar Parties and/or any of the Motorola Parties shall then have been served therewith. 8. Application of Payments. All moneys available to and/or received by Motorola for application toward payment of (or reduction of) the Brightstar Obligations may be applied by Motorola in such manner, and apportioned in such amount(s) and at such time(s), as Motorola, in its sole discretion, may deem suitable or desirable. Amended and Restated Unconditional Guaranty (Brightstar US) - Page 2
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9. Security Interest. As security for any and all liabilities of the Guarantor hereunder now existing or hereinafter arising, or otherwise, the Guarantor hereby grants Motorola a security interest in any and all moneys or other property, i.e. goods and merchandise, as well as all documents relative thereto; also, funds, investment securities, chooses in action and any and all other forms of property, whether real, personal or mixed, and any right, title, or interest of the Guarantor therein or thereto and/or the proceeds thereof, which have been or may hereafter be left with any of the Motorola Parties (or with any agent or other third party acting on behalf of any of the Motorola Parties) by or for the account or credit of the Guarantor, including (without limitation of the foregoing), any property in which the Guarantor may have any interest. The Guarantor represents and warrants that all such property shall at all times be free and clear of all Liens, other than Permitted Liens. 10. Perfection Irrelevant. The Guarantor agrees that its liability hereunder shall not be diminished by any failure on the part of Motorola to perfect (by filing, recording, or otherwise) any security interest(s) it may have in any property securing this Guaranty and/or the Brightstar Obligations secured hereby and hereunder. 11. Consents and Waivers. The Guarantor further hereby consents and agrees that Motorola may at any time, or from time to time, in its sole discretion: (i) extend or change the time of payment, and/or the manner, place or terms of payment of any or all of the Brightstar Obligations; (ii) exchange, release and/or surrender all or any of the collateral security, or any part(s) thereof, by whomsoever deposited, which is or may hereafter be held by it in connection with all or any of the Brightstar Obligations and/or any liabilities or obligations of the Guarantor hereunder; (iii) sell or otherwise dispose of an/or purchase all or any of such collateral at public or private sale, or to or through any Investment Securities Broker, and after deducting all costs and expenses of every kind for collection, preparation for sale, sale or delivery, the net proceeds of any such sale(s) or other disposition may be applied by Motorola upon all or any of the Brightstar Obligations; (iv) release any endorser of the Brightstar Obligations or any guarantor thereof, with or without consideration and without notice to or further consent from the Guarantor and such release shall not in any way affect the liability of the undersigned; (v) settle or compromise with any of the Brightstar Parties (and/or any other person(s) liable thereon) any and all of the Brightstar Obligations (including but not limited to, any insurance applicable to the Brightstar Obligations) and/or subordinate the payment of all or any part of same, to the payment of any other debts or claims, which may at any time(s) be due or owing to Motorola, any of the Motorola Parties and/or any other person(s); (vi) alter, extend, change, modify, release, waive or cancel any covenant, agreement, condition, obligation or provision contained in any or all Brightstar Documents; all in such manner and upon such terms as Motorola may deem proper and/or desirable, and without notice to or further assent from the Guarantor, it being agreed that the Guarantor shall be and remain bound upon this Guaranty, irrespective of the existence, value or condition of any collateral; and notwithstanding any such change, exchange, settlement, compromise, surrender, release, foreclosure, sale or other disposition, application, renewal or extension and notwithstanding also that the Brightstar Obligations may at any time(s) exceed the aggregate principal sum hereinabove prescribed (if any such limiting sum appears). Further, this Guaranty shall not be construed to impose any obligations on Motorola or any of the Motorola Parties to extend or continue to permit extended payment terms or otherwise deal with any of the Brightstar Parties at any time. Amended and Restated Unconditional Guaranty (Brightstar US) - Page 3
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12. Deemed Authority. This Guaranty covers all Brightstar Obligations purporting to be created or undertaken on behalf of any of the Brightstar Parties by any officer, partner, manager or agent of such organizations, without regard to the actual authority of any such officer, partner, manager or agent, whether or not corporate resolutions, proper or otherwise, are given by any Brightstar Party to Motorola or any of the Motorola Parties, and/or whether or not such purported organizations are legally chartered or organized. 13. Subrogation and Subordination. In consideration of Motorola's permitting extended payment terms by the Brightstar Parties, which continued right is subject to Motorola's sole discretion and subject to the terms of the Payment Terms Agreement and the other Brightstar Documents, the Guarantor hereby agrees: (a) To subordinate, and by this Guaranty does subordinate, all debts and other obligations now or hereafter owed by any of the Brightstar Parties to the Guarantor to any and all debts of any of the Brightstar Parties to any Motorola Party now or hereafter existing while this Guaranty is in effect. (b) Every note evidencing any part of the subordinated debt and other obligations and every ledger page relating thereto will bear a legend, which will indicate this subordination. (c) Except to the extent permitted by the Payment Terms Agreement, the Guarantor will not request or accept payment of any principal of, interest on or security for, any part of the subordinated debt or other obligations (and will not claim any offset or other reduction of the Guarantor's obligations hereunder because of any such subordinated debt or other obligation), and if all or part of it should be paid to the Guarantor, through error or otherwise, the Guarantor will immediately forward every such payment to Motorola in the form received, properly endorsed to the order of Motorola, to apply on any debt or other obligations then owing to any Motorola Party by any of the Brightstar Parties. This subordination shall continue in full force and effect as long as this Guaranty is in effect. (d) The Guarantor further agrees that it will not assert any right to which it may be or become entitled, whether by subrogation, contribution or otherwise against any of the Brightstar Parties or any of their respective properties, by reason of the performance of the undersigned of its obligations under this Guaranty, except after payment in full of all amounts (including cost and expenses) which may become payable in respect of or under the Brightstar Obligations. 14. Successors and Assigns. This Guaranty shall be binding upon the Guarantor and the successors and assigns of the Guarantor, and it shall inure to the benefit of, and be enforceable by, Motorola and its successors, transferees and assigns. 15. Additional Definitions. Further all terms or expressions contained herein that are defined in the Uniform Commercial Code of the State of Florida shall be the same meaning herein as in said Code. 16. No Waiver. No waiver by Motorola of any default(s) by the Guarantor or any of the Brightstar Parties shall operate as a waiver of any other default or of the same default on a Amended and Restated Unconditional Guaranty (Brightstar US) - Page 4
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future occasion. Further, use of the masculine or neuter pronoun herein shall include the masculine, feminine and neuter, and also the plural. The term "the Guarantor" as used herein, shall mean the "the Guarantors and each of them." Motorola, or any other holder hereof, may correct patent errors in this Guaranty. 17. Waiver of Formalities. The Guarantor hereby waives (i) notice of acceptance of this Guaranty; (ii) notice(s) of extensions of credit and/or continuations of credit extensions to any of the Brightstar Parties by any Motorola Party; (iii) notice(s) of entering into and engaging in business transactions and/or contractual relationships and any other dealings between any of the Brightstar Parties and any Motorola Party, (iv) presentment and/or demand for payment of any of the Brightstar Obligations; (v) protest or notice of dishonor or default to the Guarantor or to any other person with respect to any of the Brightstar Obligations; (vi) any demand for payment under this Guaranty; and (vii) to the extent such benefit can be waived, the benefit of other laws purporting to limit the enforcement of an obligation of the Guarantor. 18. Usury. Anything contained herein to the contrary notwithstanding, if for any reason the effective rate of interest on any of the Brightstar Obligations should exceed the maximum lawful rate, the effective rate of such Brightstar Obligations shall be deemed reduced to and shall be such maximum lawful rate, and any sums of interest which have been collected in excess of such maximum lawful rate shall be applied as credit against the unpaid principal balance due hereunder. 19. Independent Counsel. The Guarantor hereby acknowledges that Motorola has suggested that the Guarantor and the Brightstar Parties obtain independent legal counsel to represent their interests in the transaction evidenced hereby and the Brightstar Documents, and the Guarantor and the Brightstar Parties have elected to retain independent counsel to represent them in those transactions. 20. Marshalling. The Guarantor waives any right or claim of right to cause a marshalling of any assets of any of the Brightstar Parties or the assets of any other party now or hereafter held as security for the Brightstar Obligations, and waives the benefit of any statute of limitations affecting the liability of the Guarantor hereunder, to the extent permitted by law. 21. Remedies on Default. Upon the occurrence of any Default or Event of Default, all of the Brightstar Obligations shall immediately be due and payable without notice. Further, Motorola shall then have all of the rights and remedies granted hereunder, all of the rights and remedies of a secured party and/or holder-in-due-course under the Uniform Commercial Code as adopted and other Laws of the State of Florida. 22. Receipt of Brightstar Documents. The Guarantor hereby acknowledges and agrees to having received and reviewed a copy of all of the Brightstar Documents executed to date and is familiar with the various representations, warranties, covenants and obligations with respect to the Guarantor contained in the Brightstar Documents. The Guarantor hereby acknowledges that failure to timely comply with each and every of the covenants and obligations contained in the Brightstar Documents that pertain or relate to the Guarantor, including with limitation, the covenants regarding delivery of financial statements of the Guarantor to Motorola, Amended and Restated Unconditional Guaranty (Brightstar US) - Page 5
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will result in an event of default thereunder entitling Motorola to the rights and remedies contained therein, including without limitation, acceleration of the Brightstar Obligations. 23. Preservation and Limitation of Remedies. Motorola shall have the right to proceed in any court of proper jurisdiction or by self-help to exercise or prosecute the following remedies, as applicable: (i) all rights to foreclose against any real or personal property or other security by exercising a power of sale granted under the Brightstar Documents or under applicable law or by judicial foreclosure and sale, including a proceeding to confirm the sale; (ii) all rights of self-help including peaceful occupation of real property and collection of rents, set-off, and peaceful possession of personal property; (iii) obtaining provisional or ancillary remedies including injunctive relief, sequestration, garnishment, attachment, appointment of receiver and filing an involuntary bankruptcy proceeding; and (iv) when applicable, a judgment by confession of judgment. 24. Limits on Damages. The Guarantor and Motorola agree that they shall not have a remedy of punitive or exemplary damages against the other in any dispute and hereby waive any right or claim to punitive or exemplary damages they have now or which may arise in the future in connection with any dispute. 25. Notices. Any notice, demand or other communications required to or permitted to be given or made hereunder in writing, shall be deemed given or made when (a) delivered in person; (b) five (5) days after such communication is posted in the mails; or (c) one (1) day after such communication is sent by a nationally recognized overnight courier service. Such communications shall be addressed as follows: If to Motorola to: Motorola, Inc 798 International Parkway Sunrise, Florida 33325 Attn: PCS Latin America Director of Finance With a copy to: Shook, Hardy & Bacon L.L.P. Miami Center, Suite 2400 201 South Biscayne Boulevard Miami, Florida 33131-4332 Attn: John M. Barkett, Esq. If to the Guarantor to: Brightstar US, Inc. 625 Forest Edge Drive Vernon Hills, Illinois 60061 Attn: Denise Gibson With a copy to: Kirkpatrick & Lockhart LLP Miami Center, 20th Floor 201 South Biscayne Boulevard Miami, Florida 33131 Attn: Clayton E. Parker, Esq. Amended and Restated Unconditional Guaranty (Brightstar US) - Page 6
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or at such other address or addresses as the party addressed may from time to time designate in writing. 26. Governing Law. This Guaranty will be deemed made in and governed by the laws of the State of Florida, without regard to laws regarding conflicts of law. 27. Severability. If any term or provision of this Guaranty should be declared invalid by a court of competent jurisdiction, the remaining terms and provisions will be unimpaired and the invalid term or provision will be replaced by such valid term or provision as comes closest to the intention underlying the invalid term or provision. 28. WAIVER OF JURY TRIAL. THE GUARANTOR AND MOTOROLA HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT EACH MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS GUARANTY OR ANY OTHER AGREEMENT BETWEEN ANY OF THE BRIGHTSTAR PARTIES, ON ONE HAND, AND ANY MOTOROLA PARTY ON THE OTHER HAND, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF EACH PARTY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE GUARANTOR AND MOTOROLA ENTERING INTO THIS AGREEMENT. THE PROVISIONS OF THIS ARTICLE HAVE BEEN FULLY NEGOTIATED BY THE PARTIES HERETO AND THESE PROVISIONS SHALL BE SUBJECT TO NO EXCEPTIONS. NEITHER THE GUARANTOR NOR MOTOROLA HAS IN ANY WAY AGREED WITH OR REPRESENTED TO ANY OTHER PARTY THAT THE PROVISIONS OF THIS ARTICLE WILL NOT BE ENFORCED IN ALL INSTANCES. NEITHER THE GUARANTY NOR MOTOROLA SHALL SEEK TO CONSOLIDATE ANY SUCH ACTION, IN WHICH A JURY TRIAL HAS BEEN WAIVED, WITH ANY OTHER ACTION IN WHICH A JURY TRIAL HAS NOT BEEN OR CANNOT BE WAIVED. 29. Waiver of Plea or Jurisdictions or Venue. Because the Guarantor and Motorola each have significant interest in consistent interpretation of this Guaranty, the Guarantor designates Miami, Florida as the sole forum for resolution of any dispute arising hereunder. The Guarantor hereby waives any plea of jurisdiction or venue as not having a place of business in Miami- Dade County, Florida, and hereby specifically authorizes any action brought upon the enforcement of this Guaranty by Motorola to be instituted and prosecuted in either the Circuit Court of Miami-Dade County, Florida, or in the United States District Court for the Southern District of Florida, at the election of Motorola. The Guarantor further agrees that a final judgment in any action or proceeding will be conclusive and may be enforced against it in any other jurisdiction or in any other manner provided by law. Amended and Restated Unconditional Guaranty (Brightstar US) - Page 7
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30. Miscellaneous. This Guaranty may be validly executed and delivered by fax or other electronic transmission and in one or more counterpart signature pages. This Guaranty shall be construed without presumption for or against the drafter of all or any part hereof. Section headings are for convenience of reference only and shall not limit the scope of any Section. All factual recitals and other matters set forth in the Preliminary Statements to this Guaranty shall constitute a part of this Guaranty. [Signature page(s) to follow] Amended and Restated Unconditional Guaranty (Brightstar US) - Page 8
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IN WITNESS WHEREOF, the Guarantor has executed and delivered this Guaranty as of the date first above written. BRIGHTSTAR US, INC. BY: /s/ Denise Gibson ------------------------------------- NAME: DENISE GIBSON TITLE: PRESIDENT ACCEPTED : MOTOROLA, INC. State of New York ) BY: /s/ Dennis J. Strand SS. ------------------------------------- County of New York ) NAME: Dennis J. Strand TITLE: CFO - PCS I HEREBY CERTIFY the foregoing instrument was acknowledged before me this 23 day of April, 2004 by Denise Gibson, who in his/her capacity as President of BRIGHTSTAR US, INC., a Florida corporation, and who is personally known to me or has produced license as identification. /s/ Delores Taylor ----------------------------------------- Notary Public Name of Notary Printed: ----------------- My commission expires: [DELORES TAYLOR STAMP] Amended and Restated Unconditional Guaranty (Brightstar US) - Page 9

Dates Referenced Herein

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5/24/021
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