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-10.44 — Amended and Restated Pledge Agreement/Telcel C.A.
Exhibit Table of Contents
EXECUTION COPY
EXHIBIT 10.44
[AMERICAN EXPRESS LOGO]
AMENDED AND RESTATED PLEDGE AGREEMENT
AMERICAN EXPRESS
BANK INTERNATIONAL
I. IDENTIFICATION
Pledgor: TELCEL C.A.
Borrower: BRIGHTSTAR CORP.
(if other than Pledgor)
In this Amended and Restated Pledge Agreement (this "Pledge"), "we," "us"
and "our" refer to "Pledgor", and "you" and "your" refer to American
Express Bank International. You and we, by executing this Pledge,
acknowledge and agree that (i) you and we have executed this Pledge on the
date set forth immediately above our signatures below and this Pledge
amends and restates in its entirety the General Pledge Agreement between
you and us dated November 14, 2003 (the "Original Pledge"); (ii) this
Pledge sets forth the entire understanding of the parties with respect to
the subject matter hereof; and (iii) the Original Pledge is hereby
superseded in all respects by this Pledge.
II. PLEDGE OF PROPERTY
As security for all obligations, in an aggregate amount not to exceed the
Required Collateral Amount (as defined below), of (i) Borrower to you
(whether now existing or hereafter arising, whether absolute or
contingent, whether originally owed to you or acquired by you by
assignment and however evidenced) under that certain Promissory Note
issued by Borrower to you, dated June 3, 2004 (the "Secured Note") (but
only on the terms and conditions of the Secured Note attached as Appendix
A hereto, except to the extent approved in writing by us), and (ii) us to
you under this Pledge ((i) and (ii), collectively, the "Secured
Obligations"), we pledge and assign to you and grant to you a security
interest in the Property (as defined in III. below).
The "Required Collateral Amount" means, at any time within an Interest
Period (as defined in the Secured Note), (i) $40,000,000 plus (ii) the
aggregate amount of interest unpaid and payable at the end of such
Interest Period (as defined in the Secured Note) minus (iii) any Property
applied, disposed or retained by you from time to time under Article VI of
this Pledge against, to or with respect to the principal amount of the
Secured Note minus (iv) any principal amounts otherwise repaid or prepaid
from time to time under the Secured Note. "UCC" means the Uniform
Commercial Code as in effect in the State of Florida from time to time.
III. PROPERTY COVERED BY THIS AGREEMENT
1. The following property (the "Property") is covered by this Pledge
(whether our interest in it now exists or is hereafter acquired):
(a) Special account No. 103176 maintained by Pledgor with you (the
"Collateral Account"), including without limitation, all
securities (certificated and uncertificated) and security
entitlements, credit balances, financial assets and other
investment property, financial instruments, cash and cash
equivalents and any other property credited to or on deposit
in such account, all dividends, additions and rights connected
with the foregoing, and all our rights with respect to the
above; and
(b) all proceeds of any of the foregoing, from time to time
received, receivable, or otherwise distributed in respect of
or in exchange therefor, at any time credited to or held in
such account or otherwise, and all certificates therefor,
interest thereon, renewals thereof and substitutions therefor;
provided, however, that (i) the aggregate value of the Property, at
any time, shall not exceed the Required Collateral Amount at such
time and (ii) if at any time the aggregate value of the Property
exceeds the Required Collateral Amount, upon our request, you will
promptly transfer to us funds and/or other Property with a value up
to such excess amount as instructed or directed by us in writing
(including to accounts with you not subject to this Pledge), after
which transfer such funds and/or Property shall be deemed forever
released from the lien of this Pledge subject only to Section VII.3.
2. We represent and warrant to you that, as of the date hereof: (a) we
own the Property; (b) the Property is free of mortgage, pledge,
lien, charge, encumbrance or security interest other than any such
interest in your favor or for your benefit or in favor of or for the
benefit of your affiliates; (c) if we are a corporation or other
entity, we have authority and legal right to enter into this Pledge
and to grant you a valid and perfected security interest in the
Property; (d) we have received adequate consideration for executing,
delivering and performing this Pledge and by doing so will not be
rendered insolvent or left with insufficient capital to continue our
business and will not have incurred debts beyond our ability to pay;
and (e) the value of the Property as reflected in the account
balance provided to us by you equals or exceeds the Required
Collateral Amount as of the date hereof.
3. This Pledge is not a guaranty, whether of payment or collection, of
any obligation whatsoever of the Borrower. We will have no
liability, personal or otherwise, to you for any amounts, regardless
of whether such liability would arise under contract or by operation
of law, other than our obligations arising from our representations,
warranties and/or covenants set forth in this Pledge in respect of
the Property. Under no circumstances will we be liable to you, in
the aggregate over the life of this Pledge, for any amounts in
excess of the Required Collateral Amount.
4. Notwithstanding anything to the contrary in other agreements
governing the Collateral Account, we and you agree that, unless and
until the termination or release of this Pledge, all amounts
credited to or deposited in the Collateral Account will be invested
in one or more of the following investments, at the direction of
Pledgor:
(a) Time deposits maintained with American Express Bank
International;
(b) American Express Premium Deposits (issued by American Express
International Trust Company) (except to the extent that legal
or regulatory requirements may hereafter prohibit your
maintaining the Loan secured by this type of investment at a
1:1 loan-to-value ratio);
(c) IDS Certificates (except to the extent that legal or
regulatory requirements may hereafter prohibit your
maintaining the Loan secured by this type of investment at a
1:1 loan-to-value ratio); or
(d) U.S. Government Treasury Bills (up to 90 days in maturity).
5. If at any time prior to the termination or release of this Pledge,
the aggregate balance in the Collateral Account is less than the
Required Collateral Amount and you have so notified us, we will, no
later than 5 Business Days after the date on which you notified us
of such shortfall, deposit in the Collateral Account the additional
funds necessary to cause the aggregate balance in the Collateral
Account to be equal to the Required Collateral Amount.
IV. YOUR RESPONSIBILITY FOR THE PROPERTY
1. Your sole responsibility for the Property shall be to use reasonable
care in its custody if and while it is directly in your possession,
and to act in accordance with applicable law and with any account
agreements or other agreements between you and us in respect of
accounts maintained by us with you or any of your affiliates.
2. You are not responsible for monitoring financial matters or taking
action in response to events that may affect the Property, such as
maturity dates, calls, conversions, exchanges, offers, tenders or
market fluctuations. You are also not required to notify us of these
financial matters or events, except that you will promptly notify
the Borrower in writing of any expected or actual increase in, or
shortfall in respect of, the Required Collateral Amount after the
date of this Pledge.
3. In the absence of an "event of default" (as defined in Section VI.1
below), you will honor and effect any request we make or instruction
or direction we issue in writing concerning the use, investment,
disposition, transfer or withdrawal of Property, so long as you
reasonably believe that implementing such request, instruction or
direction (i) will not result in the current aggregate balance in
the Collateral Account becoming less than the Required Collateral
Amount and (ii) will allow enough time for you to take appropriate
action.
4. You hereby represent and agree (in your capacity as securities
intermediary in respect of the Collateral Account) that (i) you are
the "securities intermediary" (as defined in Section 8-102(a)(14) of
the UCC) in respect of the Collateral Account; (ii) you are not a
"clearing corporation" (as defined in Section 8-102(a)(5) of the
UCC); (iii) the Collateral Account is a "securities account" (as
defined in Section 8-501(b) of the UCC); (iv) you will treat any and
all cash, "instruments" (as defined in Section 9-105(1)(i) of the
UCC), "securities" (as defined in Section 8-102(a)(15) of the UCC),
"security entitlements" (as defined in Section 8-102(a)(17) of the
UCC) and other assets and property credited from time to time to the
Collateral Account (including without limitation any time deposits,
other deposits, U.S. Treasury bills, credit balances and cash
amounts) as "financial assets" (as defined in Section 8-102(a)(9) of
the UCC); (v) no "financial asset" (as defined in Section
8-102(a)(9) of the UCC) credited to the Collateral Account shall be
registered in the name of, payable to the order of, or specially
indorsed to any person other than you, unless indorsed in blank;
(vi) Pledgor is the "entitlement holder" (as defined in Section
8-102(a)(7) of the UCC) of the Collateral Account, subject to your
"control" (within the meaning of Section 8-106 of the UCC); and
(vii) you do not have, except as securities intermediary in respect
of the Collateral Account or under this Pledge, any "adverse claim"
(as defined in Section 8-102(a)(1) of the UCC)
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or "notice of adverse claim" (within the meaning of Section 8-105 of
the UCC) in respect of the Collateral Account or in respect of any
"financial asset" (as defined in Section 8-102(a)(9) of the UCC)
credited thereto. We agree with the foregoing (i), (iii), (iv) and
(v). To the extent any conflict arises between this Pledge and other
agreements governing the Collateral Account, this Pledge will
control. You and we agree that your "jurisdiction" as "securities
intermediary" for purposes of Section 8-110(e) of the UCC is the
State of Florida.
V. CERTAIN RIGHTS
1. We agree that you may do the following in order to receive the full
benefit of this Pledge: (a) apply our endorsement to documents that
are held or received as payment or on account of the Property; and
(b) register the Property and file any statements giving notice of
the interest which we have given you in the Property.
2. If any of the Property consists of a deposit account or securities
account established with a depository, custodian or securities
intermediary (such depository, custodian or securities intermediary
being a "Securities Intermediary") other than you or securities
placed with such a Securities Intermediary, we irrevocably authorize
and instruct the Securities Intermediary to follow only your (or, if
you elect, our and your joint) instructions under this Pledge with
respect to the account or securities without further consent from
us. Moreover, we irrevocably authorize each and any such Securities
Intermediary to enter into an agreement with you agreeing to follow
only your (or, if you elect, our and your joint) instructions under
this Pledge with respect to the account or securities without
further consent from us.
VI. YOUR REMEDIES
1. If any amount payable by the Borrower under the Secured Note or by
us under this Pledge has become due and payable and remains unpaid
beyond any applicable grace period; or if the Borrower has or we
have become subject of a bankruptcy or insolvency proceeding in any
jurisdiction; or if any representation or warranty made by us in
this Pledge proves to be false in any material respect when made, or
if we fail to perform any of our obligations under this Pledge, and
such representation or warranty being false or such failure to
perform materially adversely affects the value of the Property or
your ability to enforce this Pledge (each of the foregoing being an
"event of default"); then, subject to the limitation of recourse set
forth in Section III.3, but in no other circumstances, you may do
any of the following: (a) apply to payment of then due and
outstanding Secured Obligations any funds in any account
constituting part of the Property or any other Property; (b) sell,
lease, or otherwise dispose of the Property at public or private
sale to the extent permitted by law; (c) retain the Property to the
extent permitted by law and send us any required notice of
retention; (d) request payment from any person or entity holding an
interest in the Property to the extent permitted by law; and (e)
take any other action available to secured creditors in your
situation that is permitted by law; provided, however, that you
hereby irrevocably agree that if any Secured Obligation shall become
due and payable and shall remain unpaid beyond any applicable grace
period contained herein or in the Secured Note, you will first apply
to payment of such due and unpaid Secured Obligation any funds in
the Collateral Account or any other Property and, if Secured
Obligations remain due and unpaid after such application you may use
commercially reasonable efforts for 30 days to pursue and effect the
remedies listed above in clauses (b) through (e), and only if
Secured Obligations remain due and unpaid after your using
commercially reasonable efforts for 30 days to pursue and effect the
remedies listed above in clauses (b) through (e) will you seek any
remedy against Borrower. In the event and to the extent that you
hereunder apply, dispose or retain any of the Property (including
any funds in the Collateral Account), you shall credit such
application, disposition or retention of Property to any amounts due
under the Secured Note.
2. To the fullest extent permitted by law, we hereby waive notice of
any sale or other disposition of the Property in accordance Section
VI.1. Where there is a requirement under the law that you give us
reasonable notice of any sale or other disposition of the Property
and that requirement cannot be waived, our receipt of such notice at
least ten (10) days before the sale or other disposition will be
considered reasonable notice, and we will be deemed to have received
such notice on the date it is delivered at our last address known to
you or ten (10) days after it is placed in the mail to that address,
whichever is earlier.
3. If you incur expenses in an effort to enforce your rights or collect
payment for obligations under this Pledge, we agree to pay all such
expenses, including reasonable attorneys' fees and expenses (whether
or not incurred in connection with any litigation).
VII. GENERAL AGREEMENTS
1. We agree that you are not obligated to give us notice of any of the
following: (a) your acquisition or release of an interest in other
property held as security for those obligations; (b) the agreement
or release from agreement of any person (other than the Borrower)
accepting liability for these obligations; or (c) your sale or
disposition of the Property, unless such notice is required by law
and cannot be waived. You agree that no term or condition
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of the Secured Note will be modified, waived or amended, and no
extension, renewal or increase thereof will become effective,
without our prior written approval and that of the Borrower.
2. We also agree that the pledge, assignment and security interest
created by this Pledge and your rights under it shall be absolute
and unconditional irrespective of: (a) any lack of validity or
enforceability of any agreement creating or evidencing the
obligations secured hereby; (b) any change in the time, manner or
place of payment of, or in any other term in respect of, all or any
such obligations; or (c) any exchange, release, or non-perfection of
any other collateral for any of such obligations or any release,
amendment or waiver of any guaranty for such obligations.
3. You may exercise all or any of your rights for as long as this
Pledge is in effect. Delay or failure to exercise your rights under
this Pledge does not mean that you waive them. This Pledge shall
remain in full force and effect unless and until the earlier of (i)
its release in writing by you or (ii) the date on which the Required
Collateral Amount equals zero. This Pledge and the security
interests created hereby shall continue to be effective, or shall be
reinstated, as the case maybe, if at any time any payment, or any
part thereof, of any other obligation secured hereby is rescinded,
or otherwise required to be returned by you, for any reason,
including the insolvency, bankruptcy or reorganization of the
Borrower or us.
4. We agree to take, at our expense, any action requested by you from
time to time that may be needed to perfect, protect or enforce your
rights and interests created by this Pledge including but not
limited to filing one or more UCC-1 financing statements. Further,
we appoint you our attorney-in-fact with full authority to take any
action on our behalf, at our expense, that you consider necessary or
appropriate to carry out the purposes of this Pledge. A photocopy of
this Pledge shall suffice as a financing statement.
5. We shall not exercise any right of subrogation, reimbursement,
indemnity or contribution that we may have against the Borrower or
any guarantor of, or owner of collateral for, any of the obligations
secured hereby until all such obligations have been paid in full;
provided, however, that we may at any time and from time to time,
but shall not be required to, exercise any right we may have,
whether under contract or by operation of law, to set off any
amounts and/or the value of any Property applied, retained or
disposed by you hereunder (or any payments voluntarily made by us,
whether as reimbursement or on the Borrower's behalf, in respect of
amounts owed by the Borrower under the Secured Note) against
accounts payable outstanding as of the date hereof (or interest or
reimbursement claims related thereto) owed by us to the Borrower or
any of its affiliates.
6. We further agree that, without your consent and the consent of the
Borrower, we shall not sell or otherwise transfer any of the
Property or any interest therein to the extent that such sale or
transfer would result in the aggregate value of the Property,
immediately after giving effect to such transfer, becoming less than
the Required Collateral Amount. We agree that we shall not create,
issue or permit to exist, directly or indirectly, any lien, pledge,
charge or encumbrance with respect to the Property or any interest
therein, except for any security interest and pledge in favor of you
or your affiliates.
7. Any waiver or amendment of any provision of this Pledge must be in
writing and executed by you and by us. You may assign this Pledge,
or any of your rights and powers hereunder, and may assign and/or
deliver to any such assignee, any of the Property. We agree not to
assign this Pledge without your prior written consent. This Pledge
shall be binding upon any of our heirs, successors, administrators,
executors, personal representatives or assigns.
8. This Pledge shall be governed by the laws of the State of Florida
without regard to any conflict-of-laws rule or principle that would
give effect to the laws of another jurisdiction. We agree that any
action or proceeding arising under or relating to this Pledge that
is brought by us shall be tried by the state courts of Florida or
the United States District Courts sitting there. We irrevocably
submit in any such action or proceeding brought by you, to the
non-exclusive jurisdiction of each such court, irrevocably waive the
defense of an inconvenient forum with respect to any such action or
proceeding, and agree that service of process in any such action or
proceeding may be made by mailing us a copy thereof (as well as by
any other lawful method).
9. This Pledge may be signed in counterparts.
10. WE AND YOU EACH WAIVE ANY RIGHT EITHER OF US MAY HAVE TO A TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING UNDER OR
RELATING TO THIS PLEDGE.
11. Borrower is an intended third-party beneficiary of this Pledge
and shall be entitled to enforce the provisions hereof at law
or equity.
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Executed by the undersigned on June 3, 2004.
TELCEL C.A.
By: /s/ Enrique Garcia
--------------------------------------
Name: Enrique Garcia
--------------------------------------
Title: President
--------------------------------------
By: /s/ Miriam Herz
--------------------------------------
Name: Miriam Herz
--------------------------------------
Title: VP General Counsel
--------------------------------------
Acknowledged and agreed by
AMERICAN EXPRESS BANK INTERNATIONAL
By: /s/ Antonio Miranda
--------------------------------------
Name: Antonio Miranda
--------------------------------------
Title: Director and Region Credit Officer
--------------------------------------
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Dates Referenced Herein
| Referenced-On Page |
|---|
| This ‘S-1’ Filing | | Date | | First | | Last | | | Other Filings |
|---|
| |  |
| Filed on: | | 8/9/04 | | | | | | | None on these Dates |
| | 6/3/04 | | 1 | | 5 |
| | 11/14/03 | | 1 |
| List all Filings |
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