Document:

Waiver, dated as of May 31, 2005

 Exhibit 10.18 
  
 WAIVER 
  
 As of May 31, 2005 
  
 CELLSTAR CORPORATION, 
 as Administrative Borrower 
 1730 Briercroft Court 
 Carrollton, Texas 75006 
  
 Ladies and Gentlemen: 
  
 Reference is hereby made to that certain Loan and Security Agreement (as amended, restated, supplemented or otherwise modified from time to time, the
“Loan Agreement”), dated as of September 28, 2001, by and among CellStar Corporation, a Delaware corporation (the “Parent”), certain of its Subsidiaries (as defined therein) signatory thereto (together with the
Parent, each a “Borrower” and collectively the “Borrowers”), the lenders signatory thereto (“Lenders”) and Wells Fargo Foothill, Inc., as Administrative Agent for the Lenders (the
“Agent”). All capitalized terms not otherwise defined herein shall have the meanings set forth in the Loan Agreement. 
  
 The Agent and the Lenders have previously waived the Specified Events of Default (as defined below) provided that, among other things, the Parent file its
Form 10-K Annual Report, Form 10-Q Quarterly Report and deliver the Accountants Letter on or prior to May 31, 2005 pursuant to that certain Thirteenth Amendment and Waiver to Loan Agreement dated as of May 13, 2005 (the “Previous
Waiver”). The Borrowers anticipate that the Parent will not file its Form 10-K Annual Report, Form 10-Q Quarterly Report or deliver the Accountants Letter on or before May 31, 2005, in which case the Previous Waiver will be of no
further force or effect. 
  
 Subject to the terms and conditions
set forth herein, the Agent and the Lenders hereby waive compliance with, and waive the Defaults and Events of Default (the “Specified Events of Default”) arising under the Loan Agreement, applicable to: 
  
 (a) Borrowers’ failure to maintain the required
Consolidated Tangible Net Worth for the quarters ended November 30, 2004 and February 28, 2005 as required under Section 7.20(a) of the Loan Agreement; 
  
 (b) Borrowers’ failure to maintain the Consolidated Tangible Net Worth and Fixed Charge Coverage Ratios
for the quarters ended prior to November 30, 2004 as required under Sections 7.20(a), (b) and (c) of the Loan Agreement solely as a result of Parent’s restatement of its previously delivered financial statements as contemplated
in the draft financial statements attached as Exhibit A to that certain Thirteenth Amendment and Waiver to Loan Agreement dated as of May 13, 2005 by and among the Agent, Lenders and the Borrowers (the “Thirteenth
Amendment”); 

 (c) Parent’s failure to (A) file its Form 10-K Annual Report for the fiscal
year ending November 30, 2004 on or before March 1, 2005 in violation of Section 4.08 of the Indenture (the “Indenture”) for the Parent’s 12% Senior Subordinated Notes due January 2007 (the “Subordinated
Notes”), (B) file its Form 10-Q Quarterly Report for the fiscal quarter ending February 28, 2005 on or before April 15, 2005 in violation of Section 4.08 of the Indenture, and (C) cause its independent public
accountants to deliver a letter (the “Accountants Letter”) to the Trustee (as defined in the Indenture) confirming that their audit examination included a review of the terms of the Indenture and whether any “Default” or
“Event of Default” has come to their attention as required pursuant to Section 4.06(b) of the Indenture, in each case resulting in an Event of Default under Section 8.9 of the Loan Agreement; 
  
 (d) Parent’s failure to deliver the financial
statements of the Parent and its Subsidiaries for the quarter ended February 28, 2005 as required pursuant to Section 6.3(a) of the Loan Agreement; and 
  
 (e) Parent’s failure to deliver the audited financial statements of the Parent and its Subsidiaries for
the fiscal year ended November 30, 2004 as required pursuant to Section 6.3(b) of the Loan Agreement; 
  
 Each of the above waivers is subject to satisfaction of the following conditions: 
  
 (a) the Parent shall file its Form 10-K Annual Report for the fiscal year ended November 30, 2004,
which shall contain financial statements that are in form and substance substantially the same as the financial statements attached hereto as Exhibit A to the Thirteenth Amendment on or before July 15, 2005; 
  
 (b) Parent shall file its Form 10-Q Quarterly Report for the
fiscal quarter ended February 28, 2005 on or before July 15, 2005; 
  
 (c) Parent shall deliver the financial statements for the fiscal year ended November 30, 2004 as required by Section 6.3(b) of the Loan Agreement on or before July 15, 2005, which shall be in form and
substance substantially the same as the financial statements attached as Exhibit A to the Thirteenth Amendment; 
  
 (d) Parent shall deliver the financial statements for the quarter ended February 28, 2005 as required by Section 6.3(a) of the
Loan Agreement on or before July 15, 2005; and 
  
 (e) the holders of the Subordinated Notes (or the Trustee on behalf of the holders of the Subordinated Notes) shall not exercise any remedies against any Loan Party with respect to the Specified Events of Default (other than giving of
notice of default pursuant to Section 6.01(c) of the Indenture). 
  

 2 

 Each Borrower hereby acknowledges and agrees that the failure to satisfy the conditions set forth herein
shall cause the waivers contained herein to be of no further effect. 
  
 Each of the Borrowers hereby represents and warrants that (i) as of the date hereof, the holders of the Subordinated Notes (or the trustee on behalf of the holders of the Subordinated Notes) have not exercised any remedies against any
Loan Party with respect to the Specified Events of Default or given notice of default pursuant to Section 6.01(c) of the Indenture with respect to the Specified Events of Default and (ii) after giving effect hereto, no event has occurred
and is continuing which constitutes an Event of Default or would constitute an Event of Default but for the requirement that notice be given or time elapse or both. 
  
 This Waiver shall not waive any other requirement or hinder, restrict or otherwise modify the rights and remedies of the
Agent and the Lenders following the occurrence of any other failure to comply with the obligations under the Subordinated Notes, or the occurrence of any other Event of Default under the Loan Agreement (including the occurrence of any other failure
to comply with Section 6.3 or Section 7.20). 
  
 Except
as otherwise expressed herein, the text of the Loan Agreement and the other Loan Documents shall remain in full force and effect, and the Agent and the Lenders hereby reserve the right to require strict compliance in the future with all terms and
conditions of the Loan Agreement and the other Loan Documents. 
  
 This Waiver may be executed in any number of counterparts, each of which shall be deemed an original but all of which, when taken together, shall constitute one in the same agreement. Delivery of a counterpart hereto by facsimile
transmission or by transmission of an Adobe portable document format file (also known as a “PDF file”) shall be as effective as delivery of an original counterpart hereto. 
  
 This Waiver shall be deemed to be made pursuant to the laws of the State of Georgia with respect to agreements made and to
be performed wholly in the State of Georgia, and shall be construed, interpreted, performed and enforced in accordance therewith. 
  
 This Waiver shall be effective as of the date set forth above upon the execution hereof by the Agent, the Required Lenders and the Borrowers. 

 
 This Waiver shall constitute a Loan Document for all purposes. 

 
 [the remainder of this page intentionally left blank] 
  

 3 

									
	AGENT AND LENDERS:	 	 	 	WELLS FARGO FOOTHILL, INC., a California corporation, as Agent and as a Lender

			
		
	By:	 	/s/ Victor Barwig
	 	 	 Name: Victor Barwig

	 	 	 Title:   Sr. Vice President

	
	FLEET CAPITAL CORPORATION, as a Lender 
		
	By:	 	/s/ H. Michael Wills
	 	 	 Name: H. Michael Wills
 Title:  Senior Vice President

	
	 TEXTRON FINANCIAL CORPORATION, as a Lender

		
	By:	 	/s/ Stuart A. Hall
	 	 	 Name: Stuart A. Hall
 Title:   Senior Account Executive

	
	 PNC BANK NATIONAL ASSOCIATION, as a Lender

		
	By:	 	/s/ Robin L. Arriola
	 	 	 Name: Robin L. Arriola
 Title:   Vice President

  
  
 [SIGNATURE PAGE TO WAIVER LETTER] 

			
	Acknowledged and agreed to as of the date first written above:	 	 
		
	BORROWERS:	 	CELLSTAR CORPORATION, a Delaware corporation

			
		
	By:	 	/s/ Elaine Flud Rodriguez
	 	 	 Name: Elaine Flud Rodriguez
 Title:   Sr. VP
and General Counsel

	
	CELLSTAR, LTD., a Texas limited partnership
		
	 By:
	 	National Auto Center, Inc., its General Partner
		
	By:	 	/s/ Elaine Flud Rodriguez
	 	 	 Name: Elaine Flud Rodriguez
 Title:   Sr. VP and General Counsel

	
	NATIONAL AUTO CENTER, INC., a Delaware corporation
		
	By:	 	/s/ Elaine Flud Rodriguez
	 	 	 Name: Elaine Flud Rodriguez
 Title:   Sr. VP
and General Counsel

	
	CELLSTAR FINANCO, INC., a Delaware corporation
		
	By:	 	/s/ Elaine Flud Rodriguez
	 	 	 Name: Elaine Flud Rodriguez
 Title:   Sr. VP
and General Counsel

  
 [SIGNATURE PAGE
TO WAIVER LETTER] 
  
  

			
	 CELLSTAR INTERNATIONAL
 CORPORATION/SA, a Delaware
 corporation

		
	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

  

			
	 CELLSTAR FULFILLMENT, INC., a
 Delaware corporation

		
	By:	 	 /s/ Elaine Flud Rodriguez 

	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

  
  

			
	 CELLSTAR INTERNATIONAL
 CORPORATION/ASIA, a Delaware
 corporation

		
	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

  

			
	 AUDIOMEX EXPORT CORP., a Texas
 corporation

		
	By:	 	 /s/ Elaine Flud Rodriguez 

	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

  
  

			
	 NAC HOLDINGS, INC., a Nevada
 corporation

		
	By:	 	 /s/ Elaine Flud Rodriguez 

	 	 	 Name: Elaine Flud Rodriguez
 Title: President

  
  
 [SIGNATURE PAGE TO WAIVER LETTER] 

									
	 	 	 	 	CELLSTAR GLOBAL SATELLITE SERVICES, LTD., a Texas limited partnership
			
	 	 	 	 	 By:     National Auto Center, Inc., its General Partner

				
	 	 	 	 	By:	 	/s/ Elaine Flud Rodriguez
	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

			
	 	 	 	 	CELLSTAR FULFILLMENT LTD., a Texas limited partnership
			
	 	 	 	 	 By:     CellStar Fulfillment, Inc., its General Partner

				
	 	 	 	 	By:	 	/s/ Elaine Flud Rodriguez
	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

  
  
 [SIGNATURE PAGE TO WAIVER LETTER]Waiver, dated as of July 15, 2005

 Exhibit 10.19 
  
 WAIVER 
  
 As of July 15, 2005 
  
 CELLSTAR CORPORATION, 
 as Administrative Borrower 
 1730 Briercroft Court 
 Carrollton, Texas 75006 
  
 Ladies and Gentlemen: 
  
 Reference is hereby made to that certain Loan and Security Agreement (as amended, restated, supplemented or otherwise modified from time to time, the
“Loan Agreement”), dated as of September 28, 2001, by and among CellStar Corporation, a Delaware corporation (the “Parent”), certain of its Subsidiaries (as defined therein) signatory thereto (together with the
Parent, each a “Borrower” and collectively the “Borrowers”), the lenders signatory thereto (“Lenders”) and Wells Fargo Foothill, Inc., as Administrative Agent for the Lenders (the
“Agent”). All capitalized terms not otherwise defined herein shall have the meanings set forth in the Loan Agreement. 
  
 The Agent and the Lenders have previously waived certain of the Specified Events of Default (as defined below) provided that, among other things, the
Parent file its Form 10-K Annual Report, Form 10-Q Quarterly Report and deliver the Accountants Letter on or prior to July 15, 2005 pursuant to that certain Waiver dated as of May 31, 2005 (the “Previous Waiver”). The
Borrowers anticipate that the Parent will not file its Form 10-K Annual Report, Form 10-Q Quarterly Report or deliver the Accountants Letter on or before July 15, 2005, in which case the Previous Waiver will be of no further force or effect.

  
 Subject to the terms and conditions set forth in this letter
(this “Waiver”), the Agent and the Lenders hereby waive compliance with, and waive the Defaults and Events of Default (the “Specified Events of Default”) arising under the Loan Agreement, applicable to: 

 
 (a) Borrowers’ failure to maintain the required
Consolidated Tangible Net Worth for the quarters ended November 30, 2004 and February 28, 2005 as required under Section 7.20(a) of the Loan Agreement; 
  
 (b) Borrowers’ failure to maintain the Consolidated Tangible Net Worth and Fixed Charge Coverage Ratios
for the quarters ended prior to November 30, 2004 as required under Sections 7.20(a), (b) and (c) of the Loan Agreement solely as a result of Parent’s restatement of its previously delivered financial statements as contemplated
in the draft financial statements attached as Exhibit A to that certain Thirteenth Amendment and Waiver to Loan Agreement dated as of May 13, 2005 by and among the Agent, Lenders and the Borrowers (the “Thirteenth
Amendment”); 

 (c) Parent’s failure to (A) file its Form 10-K Annual Report for the fiscal
year ending November 30, 2004 on or before March 1, 2005 in violation of Section 4.08 of the Indenture (the “Indenture”) for the Parent’s 12% Senior Subordinated Notes due January 2007 (the “Subordinated
Notes”), (B) file its Form 10-Q Quarterly Report for the fiscal quarter ending February 28, 2005 on or before April 15, 2005 in violation of Section 4.08 of the Indenture, (C) file its Form 10-Q Quarterly Report for
the fiscal quarter ending May 31, 2005 on or before July 15, 2005 in violation of Section 4.08 of the Indenture, and (D) cause its independent public accountants to deliver a letter (the “Accountants Letter”) to
the Trustee (as defined in the Indenture) confirming that their audit examination included a review of the terms of the Indenture and whether any “Default” or “Event of Default” has come to their attention as required pursuant to
Section 4.06(b) of the Indenture, in each case resulting in an Event of Default under Section 8.9 of the Loan Agreement; 
  
 (d) Parent’s failure to deliver the financial statements of the Parent and its Subsidiaries for the quarters ended February 28,
2005 and May 31, 2005 as required pursuant to Section 6.3(a) of the Loan Agreement; and 
  
 (e) Parent’s failure to deliver the audited financial statements of the Parent and its Subsidiaries for the fiscal year ended
November 30, 2004 as required pursuant to Section 6.3(b) of the Loan Agreement. 
  
 Each of the above waivers is subject to satisfaction of the following conditions: 
  
 (a) the Parent shall file its Form 10-K Annual Report for the fiscal year ended November 30, 2004, which shall contain financial
statements that are in form and substance substantially the same as the financial statements attached as Exhibit A to the Thirteenth Amendment on or before September 6, 2005; 
  
 (b) Parent shall file its Form 10-Q Quarterly Report for the fiscal quarters ended February 28, 2005
and May 31, 2005 on or before September 6, 2005; 
  
 (c) Parent shall deliver the financial statements for the fiscal year ended November 30, 2004 as required by Section 6.3(b) of the Loan Agreement on or before September 6, 2005, which shall be in form
and substance substantially the same as the financial statements attached as Exhibit A to the Thirteenth Amendment; 
  
 (d) Parent shall deliver the financial statements for the fiscal quarters ended February 28, 2005 and May 31, 2005 as required
by Section 6.3(a) of the Loan Agreement on or before September 6, 2005; and 
  
 (e) the holders of the Subordinated Notes (or the Trustee on behalf of the holders of the Subordinated Notes) shall not exercise any
remedies against 
  

 2 

 
any Loan Party with respect to the Specified Events of Default (other than giving of notice of default pursuant to Section 6.01(c) of the Indenture).

  
 In addition, the Borrowers have requested that the Agent and
Lenders waive restrictions contained in the Loan Agreement to the extent required to permit CellStar Netherlands to assign approximately $43 Million of intercompany receivables owed to it by CellStar Mexico to the Parent and certain of its
Subsidiaries and upon such assignment permit such Persons to convert the assigned intercompany receivables into non-voting stock of CellStar Mexico (the “CellStar Mexico Receivables Transaction”). 
  
 The Agent and the Lenders hereby waive restrictions contained in the Loan
Agreement to the extent required to permit the CellStar Mexico Receivables Transaction so long as the following conditions are satisfied: (a) after giving effect to this Waiver, no Default or Event of Default then exists or would be caused
thereby, (b) no cash or Cash Equivalents will be transferred in connection with the CellStar Mexico Receivables Transaction except payment of intercompany interest by CellStar Mexico to CellStar Netherlands in an amount not to exceed
$3,700,000 which may further be paid to Parent or one of its Domestic Subsidiaries in satisfaction of intercompany debt owing to Parent or such Domestic Subsidiary by CellStar Netherlands and which may then be invested by such Person into CellStar
Mexico in the form of a capital contribution and (c) the aggregate principal amount of intercompany receivables assigned and converted to equity pursuant to the CellStar Mexico Receivables Transaction does not exceed $43,000,000. 
  
 Each Borrower hereby acknowledges and agrees that the failure to satisfy the
conditions set forth herein shall cause the waivers contained herein to be of no further effect. 
  
 Each of the Borrowers hereby represents and warrants that (i) as of the date hereof, the holders of the Subordinated Notes (or the trustee on behalf
of the holders of the Subordinated Notes) have not exercised any remedies against any Loan Party with respect to the Specified Events of Default or given notice of default pursuant to Section 6.01(c) of the Indenture with respect to the
Specified Events of Default and (ii) after giving effect hereto, no event has occurred and is continuing which constitutes an Event of Default or would constitute an Event of Default but for the requirement that notice be given or time elapse
or both. 
  
 This Waiver shall not waive any other requirement or
hinder, restrict or otherwise modify the rights and remedies of the Agent and the Lenders following the occurrence of any other failure to comply with the obligations under the Subordinated Notes, or the occurrence of any other Event of Default
under the Loan Agreement (including the occurrence of any other failure to comply with Section 6.3 or Section 7.20). 
  

 3 

 Except as otherwise expressed herein, the text of the Loan Agreement and the other Loan Documents shall
remain in full force and effect, and the Agent and the Lenders hereby reserve the right to require strict compliance in the future with all terms and conditions of the Loan Agreement and the other Loan Documents. 
  
 This Waiver may be executed in any number of counterparts, each of which
shall be deemed an original but all of which, when taken together, shall constitute one in the same agreement. Delivery of a counterpart hereto by facsimile transmission or by transmission of an Adobe portable document format file (also known as a
“PDF file”) shall be as effective as delivery of an original counterpart hereto. 
  
 This Waiver shall be deemed to be made pursuant to the laws of the State of Georgia with respect to agreements made and to be performed wholly in the State of Georgia, and shall be construed, interpreted, performed
and enforced in accordance therewith. 
  
 This Waiver shall become
effective as of the date hereof when, and only when, the Agent shall have received each of the following: 
  
 (a) fully executed and delivered counterparts of this Waiver by the Borrowers, the Required Lenders and the Agent; and 
  
 (b) payment of a documentation fee from the Borrowers in the
amount of $20,000.00 (it being understood that, by execution and delivery of this Waiver, the Borrowers authorize the Agent to charge the Borrowers’ Loan Account for such fee and such amount shall thereafter accrue interest at the rate
applicable to Advances under the Loan Agreement in accordance with Section 2.6 of the Loan Agreement) which shall be for the benefit of the Lenders signatory hereto and shall be allocated equally among such Lenders. 
  
 This Waiver shall constitute a Loan Document for all purposes. 
  
 [the remainder of this page intentionally left blank] 
  

 4 

									
	AGENT AND LENDERS:	 	 	 	WELLS FARGO FOOTHILL, INC., a California corporation, as Agent and as a Lender
				
	 	 	 	 	By:	 	 /s/ Robert Bernier

	 	 	 	 	 	 	 	 	 Name: Robert Bernier
 Title: Vice President

			
	 	 	 	 	FLEET CAPITAL CORPORATION, as a Lender
				
	 	 	 	 	By:	 	 /s/ H. Michael Wills

	 	 	 	 	 	 	 	 	 Name: H. Michael Wills
 Title: Senior Vice President

			
	 	 	 	 	TEXTRON FINANCIAL CORPORATION, as a Lender
				
	 	 	 	 	By:	 	 /s/ Stuart A. Hall

	 	 	 	 	 	 	 	 	 Name: Stuart A. Hall
 Title: Senior Account Executive

			
	 	 	 	 	PNC BANK NATIONAL ASSOCIATION, as a Lender
				
	 	 	 	 	By:	 	 /s/

	 	 	 	 	 	 	 	 	 Name:
 Title:

  
  
 [SIGNATURE PAGE TO WAIVER LETTER] 

 Acknowledged and agreed to 
 as of the date first written above: 
  

									
	 BORROWERS:
	 	 	 	CELLSTAR CORPORATION, a Delaware corporation
				
	 	 	 	 	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

			
	 	 	 	 	CELLSTAR, LTD., a Texas limited partnership
			
	 	 	 	 	 By:     National Auto Center, Inc., its General Partner

				
	 	 	 	 	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

			
	 	 	 	 	NATIONAL AUTO CENTER, INC., a Delaware corporation
				
	 	 	 	 	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

			
	 	 	 	 	CELLSTAR FINANCO, INC., a Delaware corporation
				
	 	 	 	 	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

  
  
 [SIGNATURE PAGE TO WAIVER LETTER] 

									
	 	 	 	 	CELLSTAR INTERNATIONAL CORPORATION/SA, a Delaware corporation
				
	 	 	 	 	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

			
	 	 	 	 	CELLSTAR FULFILLMENT, INC., a Delaware corporation
				
	 	 	 	 	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

			
	 	 	 	 	CELLSTAR INTERNATIONAL CORPORATION/ASIA, a Delaware corporation
				
	 	 	 	 	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

			
	 	 	 	 	AUDIOMEX EXPORT CORP., a Texas corporation
				
	 	 	 	 	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

			
	 	 	 	 	NAC HOLDINGS, INC., a Nevada corporation
				
	 	 	 	 	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: President

  
  
 [SIGNATURE PAGE TO WAIVER LETTER] 

									
	 	 	 	 	CELLSTAR GLOBAL SATELLITE SERVICES, LTD., a Texas limited partnership
			
	 	 	 	 	 By:     National Auto Center, Inc., its General Partner

				
	 	 	 	 	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

			
	 	 	 	 	CELLSTAR FULFILLMENT LTD., a Texas limited partnership
			
	 	 	 	 	 By:     CellStar Fulfillment, Inc., its General Partner

				
	 	 	 	 	By:	 	 /s/ Elaine Flud Rodriguez

	 	 	 	 	 	 	 	 	 Name: Elaine Flud Rodriguez
 Title: Sr. VP and General Counsel

  
  
 [SIGNATURE PAGE TO WAIVER LETTER]

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