Document:

Amended and Restated Bylaws of CellStar

 Exhibit 4.1 
  

AMENDED AND RESTATED BYLAWS 
 OF

 CELLSTAR CORPORATION 
 (as effective May 1, 2004) 
  
 ARTICLE
I—OFFICES 
  
 SECTION ONE. REGISTERED
OFFICE. The registered office of the corporation shall be in the City of Wilmington, County of New Castle, State of Delaware, and the name of the registered agent in charge thereof is The Corporation Trust Company. 
  
 SECTION TWO. OTHER OFFICES. In addition to its registered
office in the State of Delaware, the corporation may have an office or offices both within and without the State of Delaware at such places as shall be determined from time to time by the Board of Directors or as the business of the corporation may
require. 
  
 ARTICLE II—MEETINGS OF STOCKHOLDERS

  
 SECTION ONE. PLACE OF MEETINGS. All meetings of
the stockholders for the election of Directors shall be held in the City of Carrollton, County of Dallas, State of Texas, at such place as may be fixed from time to time by the Board of Directors, or at such other place, either within or without the
State of Delaware, as shall be designated from time to time by the Board of Directors and stated in the notice of the meeting. Meetings of the stockholders for any other purpose may be held at such time and place, either within or without the State
of Delaware, as shall be stated in the notice of the meeting or in a duly executed waiver of notice thereof. 
  
 SECTION TWO. ANNUAL MEETINGS. The annual meeting of the stockholders of the corporation for the purpose of electing directors and
transacting such other business as properly may be brought before the meeting shall be held on such date and at such time and place, either within or without the State of Delaware, as shall be designated by the Board of Directors and stated in the
notice of the meeting. 
  
 SECTION THREE. SPECIAL
MEETINGS. Special meetings of the stockholders, for any purpose or purposes, unless otherwise prescribed by statute, shall be called as provided in the Amended and Restated Certificate of Incorporation. 
  
 SECTION FOUR. NOTICE OF MEETINGS. Notice of the date, hour,
place and purposes of every meeting of the stockholders shall be delivered personally or mailed not less than ten (10) days nor more than sixty (60) days previous thereto, to each stockholder of record then entitled to vote who shall have furnished
a written address to the Secretary of the corporation for that purpose. Such further notice shall be given as may be required by law or the Amended and Restated Certificate of Incorporation. Business transacted at any special meeting of the
stockholders shall be limited to the 
  

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 purposes stated in the notice. Meetings may be held without notice if all stockholders then entitled to vote are present
or represented thereat, or if notice is waived by those not present or represented. 
  

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 SECTION FIVE. QUORUM AND ADJOURNMENT OF MEETINGS. 
  
 (A) The holders of record of a majority of the shares entitled to vote,
present in person or represented by proxy, shall constitute a quorum at all meetings of the stockholders for the transaction of the business except as otherwise provided by law, by the Amended and Restated Certificate of Incorporation or by these
Amended and Restated Bylaws. If, however, such quorum shall not be present or represented at any meeting of the stockholders, the stockholders entitled to vote thereat, present in person, or represented by proxy, shall have power to adjourn the
meeting, from time to time, by majority vote of those present, without notice other than announcement at the meeting, until the requisite number of shares of stock then entitled to vote shall be present. At such adjourned meeting at which such
requisite number of shares of stock shall be represented, any business may be transacted which might have been transacted at the meeting as originally notified. 
  

(B) The number of shares required to constitute a quorum, as set forth above, may not be reduced to less than a majority of the shares issued and
outstanding without approval of the stockholders. 
  
 SECTION
SIX. VOTING; PROXY. Each outstanding share of the corporation’s capital stock will be entitled to one vote on each matter submitted to a vote at a meeting of stockholders, except to the extent that the voting rights of the shares of
any class or series are increased, limited or denied by the Amended and Restated Certificate of Incorporation. At each meeting of the stockholders, every stockholder then having the right to vote at such meeting shall be entitled to vote in person,
or by proxy appointed by an instrument in writing subscribed by such stockholder and bearing a date not more than three (3) years prior to such meeting, unless said instrument provides for a longer period. No shares of stock of the corporation may
be voted by proxy at any stockholder meeting by any person unless, prior to or at the time of the commencing of the meeting or reconvening of any adjournment thereof, such proxy shall have been filed with the Secretary of the corporation. A duly
executed proxy shall be irrevocable if, and only as long as, it is coupled with an interest sufficient in law to support an irrevocable power. A proxy may be made irrevocable regardless of whether the interest with which it is coupled is an interest
in the stock itself or an interest in the corporation generally. The vote for directors, and, upon the demand of any stockholder, the vote upon any question before the meeting, shall be by ballot, except as otherwise provided in the Amended and
Restated Certificate of Incorporation or as may be required by law. When a quorum is present at any meeting, the affirmative vote of the majority of shares present in person or represented by proxy at the meeting and entitled to vote on the subject
matter shall decide any questions brought before such meeting, unless the question is one upon which, by express provision of statute or of the Amended and Restated Certificate of Incorporation, a different vote is required, in which case such
express provision shall govern and control the decisions of such questions. There shall be no cumulative voting. 
  
 SECTION SEVEN. ELECTION OF DIRECTORS. Directors shall be nominated and elected as provided in the Amended and Restated Certificate of
Incorporation and shall be elected by a plurality of the votes of the shares present in person or represented by proxy at the meeting and entitled to vote on the election of directors. 
  

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 SECTION EIGHT. STOCKHOLDERS LIST. It shall be the duty of the officer who shall have charge
of the stock ledger to prepare or make, at least ten (10) days before every election, a complete list of stockholders entitled to vote, arranged in alphabetical order and showing the address of each stockholder and the number of shares registered in
the name of each stockholder. Such list shall be open for said ten (10) days to the examination of any stockholder during the usual hours for business and shall be produced and kept either at a place within the city where the meeting is to be held
that is specified in the notice of the meeting, or, if not so specified, at the place where the meeting is to be held. The list of stockholders shall also be produced and kept at the time and place of the meeting during the whole time thereof, and
may be inspected by any stockholder who is present. 
  
 SECTION
NINE. INSPECTORS OF ELECTION. The corporation, in advance of each meeting of stockholders, shall appoint one (1) or more inspectors of election to assist the Secretary of the corporation in the conduct of elections at such meeting. If any
inspector of election shall for any reason fail to attend and to act at such meeting, an inspector of election may be appointed by the chairman of the meeting. 
  

SECTION TEN. ORDER OF BUSINESS. At each meeting of the stockholders, one of the following persons, in the order in which they are listed
(and in the absence of the first, the next, and so on), shall serve as chairman of the meeting: Chairman of the Board, Executive Chairman, Chief Executive Officer, President, Vice Presidents (in the order of their seniority if more than one) and
Secretary. The order of business at each such meeting shall be as determined by the chairman of the meeting. Except as may be limited by law or the Amended and Restated Certificate of Incorporation, the chairman of the meeting shall have the right
and authority to prescribe such rules, regulations and procedures and to do all such acts and things as are necessary or desirable for the proper conduct of the meeting, including, without limitation, the establishment of procedures for the
maintenance of order and safety, limitations on the time allotted to questions or comments on the affairs of the corporation, restrictions on entry to such meeting after the time prescribed for the commencement thereof, and the opening and closing
of the voting polls. 
  
 ARTICLE III—BOARD OF DIRECTORS

  
 SECTION ONE. BOARD OF DIRECTORS. The business
and affairs of the corporation shall be managed by a Board of Directors. The Board of Directors may exercise all such powers of the corporation and do all such lawful acts and things on its behalf as are not by statute or by the Amended and Restated
Certificate of Incorporation or these Amended and Restated Bylaws directed or required to be exercised or done by stockholders. The Board of Directors may adopt such rules and regulations not inconsistent with the provisions of law, the Amended and
Restated Certificate of Incorporation of the corporation, or these Amended and Restated Bylaws for the conduct of its meetings and management of the affairs of the corporation as the Board may deem proper. 
  
 SECTION TWO. NUMBER; ELECTION; TENURE AND CLASSIFICATION. The
number of directors constituting the Board shall be as determined pursuant to the Amended and Restated Certificate of Incorporation. Directors need not be stockholders. They shall be elected as provided 
  

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 in the Amended and Restated Certificate of Incorporation, and shall serve until their respective successors shall be
elected and qualified or until their earlier resignation or removal. 
  
 SECTION THREE. MEETINGS. Meetings of the Board of Directors shall be held at such place, within or without the State of Delaware, as may from time to time be fixed by resolution of the Board of Directors or may be specified in
the call of any meeting. Regular meetings of the Board of Directors shall be held at such times and at such places as may from time to time be fixed by resolution of the Board of Directors, and no notice of such regular meetings need be given.
Special meetings may be held at any time upon the call of the Chairman of the Board, Executive Chairman, Chief Executive Officer or of three (3) directors, by oral, telegraphic or written notice, duly delivered, sent or mailed to each director not
less than three (3) days before such meeting. A meeting of the Board of Directors may be held, without notice, immediately after the annual meeting of the stockholders, at the same place at which such meeting was held. Meetings may be held at any
time without notice if all the directors are present or if those not present waive notice of the meeting in writing. 
  
 SECTION FOUR. QUORUM; VOTING. A quorum for the transaction of business at all meetings of the Board of Directors shall consist of a majority
of the directors then in office. If, however, such quorum shall not be present, the directors present shall have power to adjourn the meeting, from time to time, by majority vote, without notice other than announcement at the meeting, until the
requisite number of directors shall be present. The act of the majority of the directors present at any meeting at which there is a quorum shall be the act of the Board of Directors, except as may be otherwise specifically provided by law, the
Amended and Restated Certificate of Incorporation or these Amended and Restated Bylaws. 
  
 SECTION FIVE. VACANCIES. Vacancies on the Board of Directors shall be filled in accordance with the provisions of the Amended and Restated Certificate of Incorporation. 
  
 SECTION SIX. RESIGNATION AND REMOVAL. A director may resign at
any time by giving written notice to the Board of Directors, Executive Chairman or Chief Executive Officer of the corporation. Such resignation shall take effect upon receipt thereof by the Board of Directors, Executive Chairman or Chief Executive
Officer, unless otherwise specified therein. Removal of directors shall be governed by the provisions of the Amended and Restated Certificate of Incorporation. 
  

SECTION SEVEN. COMPENSATION. Each director shall receive for services rendered as a director of the corporation such compensation and
reimbursements as may be fixed by the Board of Directors. Nothing herein contained shall be construed to preclude any director from serving the corporation in any other capacity and receiving compensation therefor. 
  
 SECTION EIGHT. TELEPHONIC MEETINGS OF BOARD OF DIRECTORS. The
Board of Directors may participate in a meeting by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other. Participation by such means shall constitute
presence in person at such meeting. 
  

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 SECTION NINE. ACTION WITHOUT MEETING. Unless otherwise restricted by the Amended and
Restated Certificate of Incorporation or these Amended and Restated Bylaws, any action required or permitted to be taken at any meeting of the Board of Directors or of any committee thereof may be taken without a meeting, if all members of the Board
of Directors or committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of the proceedings of the Board of Directors or committee. 
  
 ARTICLE IV—COMMITTEES 
  
 SECTION ONE. COMPENSATION COMMITTEE. 
  
 (A) There may be a Compensation Committee of the Board of Directors
consisting of two (2) or more directors of the corporation designated by resolution passed by a majority of the entire Board of Directors. Members of the Compensation Committee shall have such powers as shall be conferred or authorized by the
resolution establishing such Committee and shall hold office during their terms as directors; provided that the Board of Directors shall have the power at any time to remove any of the members thereof and to appoint other directors in lieu of the
persons so removed. The Board of Directors shall also designate the Chairman of the Compensation Committee. 
  
 (B) All action of the Compensation Committee shall be reported to the Board of Directors at its meeting next succeeding such action. Regular minutes of
the proceedings of the Compensation Committee shall be kept in a book provided for that purpose. Vacancies in the Compensation Committee shall be filled by the Board of Directors. 
  
 (C) A majority of the Compensation Committee shall be necessary to constitute a quorum, and, in every case, an affirmative
vote of a majority of the members shall be necessary for the passage of any resolution. It shall fix its own rules of procedure and shall meet as provided by such rules or by resolution of the Board of Directors, and it shall also meet at the call
of the chairman or of any two (2) members of the Compensation Committee. If the Compensation Committee fails to fix its own rules, the provisions in these Amended and Restated Bylaws, pertaining to the calling of meetings and conduct of business by
the Board of Directors, shall apply. 
  
 SECTION TWO.
AUDIT COMMITTEE. 
  
 (A) There may be an Audit Committee of
the Board of Directors consisting of at least three (3) members designated by resolution passed by a majority of the entire Board of Directors. The members shall meet the qualifications for members established by the Audit Committee in its rules or
charter from time to time. Members of the Audit Committee shall hold office during their terms as directors, provided the Board of Directors shall have the power at any time to remove any of the members thereof and to appoint other directors in lieu
of the persons so removed. The Board of Directors shall also designate the chairman of the Audit Committee. The Audit Committee shall review the scope of the independent auditors’ examinations of the corporation’s financial statements and
receive and review their reports. The Audit Committee shall also meet with the independent 
  

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 auditors, receive recommendations or suggestions for changes in accounting procedures and initiate and supervise any
special investigations it may choose to undertake. 
  
 (B) All
action of the Audit Committee shall be reported to the Board of Directors at its meeting next succeeding such action and shall be subject to revision and alteration by the Board of Directors, provided that no rights of third parties shall be
affected by any such provision or alteration. Regular minutes of the proceedings of the Audit Committee shall be kept in a book provided for that purpose. Vacancies in the Audit Committee shall be filled by the Board of Directors. 
  
 (C) A majority of the members of the Audit Committee shall be necessary to
constitute a quorum, and, in every case, an affirmative vote of a majority of the members shall be necessary for the passage of any resolution. It shall fix its own rules of procedure and shall meet as provided by such rules or by resolution of the
Board of Directors, and it shall also meet at the call of the chairman or of any two (2) members of the Audit Committee. If the Audit Committee fails to fix its own rules, the provisions in these Amended and Restated Bylaws, pertaining to the
calling of meetings and conduct of business by the Board of Directors, shall apply as nearly as may be. 
  
 SECTION THREE. DESIGNATION AND POWERS OF OTHER COMMITTEES. The Board of Directors may, in its discretion, by the affirmative vote of a
majority of the entire Board of Directors, appoint such other committees of two or more directors which shall have and may exercise such powers as shall be conferred or authorized by the resolution appointing them. A majority of any such committee,
if the committee be composed of more than two members, may determine its action and fix the time and place of its meetings unless the Board of Directors shall otherwise provide. The Board of Directors shall have the power at any time to fill
vacancies in, to change the membership of, or to discharge any such committees. 
  
 SECTION FOUR. PROCEDURE; MEETINGS; QUORUM. Regular meetings of any committee of the Board of Directors, of which no notice shall be necessary, may be held at such times and places as shall be fixed by
resolution adopted by a majority of the members thereof. Special meetings of any committee of the Board shall be called at the request of any member thereof. Notice of each special meeting of any committee of the Board shall be sent by mail,
telegraph or telephone, or be delivered personally to each member thereof not later than the day before the day on which the meeting is to be held, but notice need not be given to any member who shall, either before or after the meeting, submit a
signed waiver of such notice or who shall attend such meeting without protesting, prior to or at its commencement, the lack of such notice to such member. Any special meeting of any committee of the Board shall be a legal meeting without any notice
thereof having been given, if all the members thereof shall be present thereat. Notice of any adjourned meeting of any committee of the Board need not be given. Any committee of the Board may adopt such rules and regulations not inconsistent with
the provisions of law, the Amended and Restated Certificate of Incorporation of the corporation or these Amended and Restated Bylaws for the conduct of its meetings as such committee may deem proper. A majority of a committee of the Board shall
constitute a quorum for the transaction of business at any meeting, and the vote of a majority of the members thereof present at any meeting at which a quorum is present shall be the act of such committee. In the absence or disqualification of a
member, the remaining members, whether or not a quorum, may fill a vacancy. Each committee of the Board of Directors shall keep written minutes of 
  

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 its proceedings, a copy of which is to be filed with the secretary of the corporation, and shall report on such
proceedings to the Board. 
  
 ARTICLE V—OFFICERS

  
 SECTION ONE. EXECUTIVE OFFICERS. The Board of
Directors, at its first meeting after each annual meeting of stockholders, shall choose a Chairman of the Board who may or may not be an executive officer or employee of the Company, an Executive Chairman and/or a Chief Executive Officer, a
President and one or more Vice Presidents, a Chief Financial Officer, a Secretary, a Treasurer and such other officers as it shall deem necessary, who need not be members of the Board of Directors. Any two or more offices may be held by the same
person. 
  
 SECTION TWO. OTHER OFFICERS AND AGENTS.
The Board of Directors may, by resolution, at any time, appoint such other officers and agents as it shall deem necessary, who shall hold their offices for such terms and shall exercise such powers and perform such offices as shall be determined
from time to time by the Board of Directors. To the extent it deems advisable and in the best interests of the corporation, the Board of Directors may, by resolution, at any time, delegate the authority granted by this Section to the Chairman of the
Board, Executive Chairman, Chief Executive Officer and President of the Company, subject to ratification by the Board of Directors. 
  
 SECTION THREE. TENURE; RESIGNATION; REMOVAL AND VACANCIES. The officers of the corporation shall hold office until their death, their
successors are elected and qualify in their stead or until their resignation or removal, whichever shall first occur; provided, however, that if the term of office of any officer elected or appointed pursuant to Section Two of this Article V shall
have been fixed by the Board of Directors, he shall cease to hold such office not later than the date of expiration of such term regardless of whether any other person shall have been elected or appointed to succeed him. Any officer or agent elected
or appointed by the Board of Directors may be removed at any time, with or without cause, by the affirmative vote of the majority of the entire Board of Directors; provided, however, that any such removal shall be without prejudice to the rights, if
any, of the officer so employed under any employment contract or other agreement with the corporation. An officer may resign at any time upon written notice to the Board of Directors. If the office of any officer becomes vacant by reason of death,
resignation, retirement, disqualification, removal from office or otherwise, the Board of Directors may choose a successor or successors to hold such office for such term as may be specified by the Board of Directors. 
  
 SECTION FOUR. COMPENSATION. The salaries of all executive
officers of the corporation shall be fixed by the Compensation Committee of the Board of Directors unless overruled by the action of the Board of Directors. To the extent it deems advisable and in the best interests of the corporation, the Board of
Directors may, by resolution, at any time, delegate the authority granted by this Section to the Chairman of the Board, Executive Chairman, Chief Executive Officer and President of the Corporation, subject to ratification by the Board of Directors
or the Company Committee. 
  

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 SECTION FIVE. AUTHORITY AND DUTIES. All officers as between themselves and the corporation,
shall have such authority and perform such duties in the management of the corporation as may be provided in these Amended and Restated Bylaws. In addition to the powers and duties hereinafter specifically prescribed for the respective officers, the
Board of Directors may from time to time impose or confer upon any of the officers such additional duties and powers as the Board of Directors may see fit, and the Board of Directors may from time to time impose or confer any or all of the duties
and powers hereinafter specifically prescribed for any officer upon any other officer or officers. 
  
 SECTION SIX. CHAIRMAN OF THE BOARD. The Chairman of the Board shall preside at all meetings of the stockholders and of the Board of
Directors at which he is present. The Chairman of the Board shall have such other powers and perform such other duties as from time to time may be conferred upon him by the Board of Directors. 
  
 SECTION SEVEN. EXECUTIVE CHAIRMAN. The Executive Chairman of
the corporation shall have, subject only to the Board of Directors, general and active management and supervision of the business and affairs of the corporation and shall see that all orders and resolutions of the Board of Directors are carried into
effect. He shall have all powers and duties or supervision and management usually vested in the general manager of a corporation, including the supervision and direction of all other officers of the corporation and the power to appoint and discharge
agents and employees. Except where by law the signature of the President is required, the Executive Chairman shall possess the same power as the President to sign all certificates, contracts and other instruments of the corporation. He shall, in the
absence of the Chairman of the Board, preside at all meetings of the stockholders and of the Board of Directors. 
  
 SECTION EIGHT. CHIEF EXECUTIVE OFFICER. Unless some other officer has been elected as Executive Chairman of the corporation, the Chief
Executive Officer of the corporation shall have, subject only to the Board of Directors, general and active management and supervision of the business and affairs of the corporation and shall see that all orders and resolutions of the Board of
Directors are carried into effect. He shall have all powers and duties or supervision and management usually vested in the general manager of a corporation, including the supervision and direction of all other officers of the corporation and the
power to appoint and discharge agents and employees. Except where by law the signature of the President is required, the Chief Executive Officer shall possess the same power as the President to sign all certificates, contracts and other instruments
of the corporation. He shall, in the absence of the Chairman of the Board or the Executive Chairman, preside at all meetings of the stockholders and of the Board of Directors. 
  
 SECTION NINE. PRESIDENT. The President of the corporation shall be the chief administrative officer of the
corporation and, subject to the control of the Board of Directors, the Executive Chairman and the Chief Executive Officer, will supervise and control all of the business and affairs of the corporation and, in connection therewith, shall be
authorized to delegate to other officers of the corporation such of his powers and duties as the President at such times and in such manner as he may deem to be advisable. He shall possess power to sign all certificates, contracts and other
instruments of the corporation. He shall perform all such other duties as are incident to his office or are properly required of him by the Executive Chairman, Chief Executive Officer or the 
  

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 Board of Directors. He shall vote, in the name of the corporation, stock or securities in other corporations or
associations held by the corporation, unless another officer is designated by the Board of Directors for the purpose. He shall from time to time report to the Board of Directors all matters within his knowledge which the interest of the corporation
may require to be brought to their notice, and shall also perform such other duties as may be assigned to him from time to time by the Executive Chairman, Chief Executive Officer or the Board of Directors. 
  
 SECTION NINE. CHIEF FINANCIAL OFFICER. The Chief Financial
Officer of the corporation shall assist the Chief Executive Officer and President in the general control and management of the business affairs of the corporation and shall have such other authority and responsibilities and perform such other duties
as the Chief Executive Officer or President shall delegate, or as the Chief Executive Officer or President or the Board of Directors shall assign to him. When specifically authorized by action of the Board of Directors, he shall possess power to
sign all certificates, contracts and other instruments of the corporation. He shall from time to time report to the Board of Directors all matters within his knowledge which the interest of the corporation may require to be brought to their notice.

  
 SECTION TEN. VICE PRESIDENTS. When specifically
authorized by action of the Board of Directors, each Vice President shall possess power to sign all certificates, contracts and other instruments of the corporation, and shall have such other authority and perform such other duties as may be
assigned to them from time to time by the Board of Directors or as may be designated by these Amended and Restated Bylaws, the Chairman of the Board, the Executive Chairman, Chief Executive Officer or the President. 
  
 SECTION ELEVEN. CORPORATE SECRETARY. 
  
 (A) The Corporate Secretary (hereinafter called the “Secretary”)
shall attend all meetings of the Board of Directors and stockholders and act as secretary thereof, and shall record all votes and the minutes of all proceedings in a book for that purpose belonging to the corporation to be kept in his custody and
shall perform like duties for all committees of the Board of Directors. He shall give or cause to be given notice of all meetings of the stockholders and of the directors. He shall keep in safe custody the seal of the corporation and shall in
general perform all of the duties incident to the office of Secretary, subject to the control of the Board of Directors, and shall perform such other duties as may be prescribed by the Board of Directors, the Chairman of the Board, the Executive
Chairman, Chief Executive Officer or the President. 
  
 (B) The
Secretary shall act as transfer agent of the corporation and/or registrar of its capital stock, with the usual duties pertaining thereto; provided, however, that the Board of Directors may, by resolution, as to any class of its capital stock appoint
one or more persons one or more persons or corporations as transfer agents and/or registrars in his stead. 
  
 (C) Each Assistant Secretary shall have the powers of the Secretary subject to the direction of the Chairman of the Board, the Executive Chairman, Chief
Executive Officer, the President, the Secretary or the Board of Directors. 
  

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 SECTION TWELVE. TREASURER. 
  
 (A) The Treasurer shall have custody of all funds and securities of the corporation which may come into his hands. He may
endorse, on behalf of the corporation, for collection, checks, notes and other obligations, and shall deposit the same to the credit of the corporation in such banks or depositories as the Board of Directors may designate, or pursuant to the
authority of general or special resolutions of the Board of Directors. Whenever required by the Chairman of the Board, the Executive Chairman, Chief Executive Officer, the President or the Board of Directors, he shall render a statement of his
accounts. He shall enter regularly, in books of the corporation to be kept by him for the purpose, full and accurate accounts of all moneys received and paid by him on the account of the corporation; he shall at any reasonable time exhibit his books
and accounts to any director of the corporation during business hours; and, he shall perform all acts incident to the position of Treasurer, subject to the control of the Board of Directors, and shall perform such other duties as may be prescribed
by the Board of Directors, the Chairman of the Board, the Executive Chairman, Chief Executive Officer or the President. He shall give a bond for the faithful discharge of his duties in such sum as the Board of Directors may require. 
  
 (B) Each Assistant Treasurer shall have such of the other duties, and perform
such of the duties, of the Treasurer, as may be prescribed by the Board of Directors, the Chairman of the Board, the Executive Chairman, Chief Executive Officer, the President or the Treasurer. 
  
 SECTION THIRTEEN. DUTIES OF OFFICERS MAY BE DELEGATED. For any
reason that the Directors may deem sufficient, the Board of Directors may delegate the powers or duties of any officer to any other person, for the time being, except where otherwise provided by statute. 
  
 ARTICLE VI—CERTIFICATES OF STOCK 
  
 SECTION ONE. FORM AND SIGNATURE. Every stockholder shall have a
certificate signed by the Chairman of the Board, the Chief Executive Officer, the President or a Vice President and the Treasurer, Secretary or an Assistant Secretary, certifying the number of shares owned by him in the corporation. Such certificate
shall be in such form as the Board of Directors may from time to time prescribe, and shall be countersigned and registered in such manner, if any, as the Board of Directors, by resolution, may prescribe. If the corporation has a transfer agent or an
assistant transfer agent or a transfer clerk acting on its behalf, and a registrar, the signature of any such officer of the corporation may be facsimile. In case any officer, transfer agent or registrar who has signed or whose facsimile signature
has been placed upon a certificate shall have ceased to be such officer, transfer agent or registrar before such certificate is issued, it may be issued by the corporation with the same effect as if he were such officer, transfer agent or registrar
at the date of issue. 
  
 SECTION TWO. REGISTRATION OF
TRANSFER. The shares of stock of the corporation shall be transferable on the books of the corporation by the holder thereof, in person or by his duly authorized attorney, upon surrender for cancellation of a certificate or certificates for the
same number of shares, with an assignment and power of transfer duly endorsed thereon or ascribed thereto, duly executed, with such proof of the authenticity of the signature as the corporation or its 
  

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 agents may reasonably require; provided, however, that, if the corporation has a transfer agent, such transfers of stock
in accordance with this Section Two of Article VI shall be the responsibility of such transfer agent. 
  
 SECTION THREE. CLOSING OF TRANSFER BOOKS. The Board of Directors shall have the power to close the stock transfer books of the corporation
for a period not exceeding sixty (60) days preceding the date of any meeting of stockholders or the date for payment or any dividend or the date for the allotment of rights or the date when any change or conversion or exchange of capital stock shall
go into effect; provided, however, that in lieu of closing the stock transfer books as aforesaid, the Board of Directors may fix in advance a date, not exceeding sixty (60) days preceding the date of any meeting of stockholders or the date for the
payment of any dividend, or the date for the allotment of rights, or the date when any change or conversion or determination of the stockholders entitled to notice of, and to vote at, any such meeting, or entitled to receive payment of any such
dividend, or to any such allotment of rights, or to exercise the rights in respect of any such change, conversion or exchange of capital stock, and, in such case, such stockholders, and only such stockholders as shall be stockholders of record on
the date so fixed, shall be entitled to such notice of, and to vote at, such meeting, or to receive payment of such dividends, or to receive such allotment of rights, or to exercise such rights, as the case may be, notwithstanding any transfer of
any stock on the books of the corporation after any such record date fixed as aforesaid. 
  
 SECTION FOUR. ISSUANCE OF NEW SHARES OF STOCK. In the event the corporation issues new shares of stock, the stockholders shall not be entitled to preemptive rights. 
  
 SECTION FIVE. LOST CERTIFICATES. The Board of Directors may
direct a new certificate or certificates to be issued in place of any certificate or certificates theretofore issued by the corporation alleged to have been lost, stolen or destroyed, on the making of an affidavit of that fact by the person claiming
the certificate of stock to be lost, stolen or destroyed. When authorizing such issue of a new certificate or certificates, the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof, require the owner of such
lost, stolen or destroyed certificate or certificates, or his legal representative to advertise the same in such manner as it shall require and/or to give the corporation a bond in such sum as it may direct as indemnity against any claim that may be
made against the corporation with respect to the certificate alleged to have been lost, stolen or destroyed. 
  
 SECTION SIX. REGISTERED STOCKHOLDERS. The corporation shall be entitled to recognize the exclusive right of a person registered on its books
as the owner of shares to receive dividends, and to vote as such owner, and to hold liable for cause and assessments a person registered on its books as the owner of shares, and shall not be bound to recognize any equitable or other claim to or
interest in such share or shares on the part of any other person, whether or not it shall have express or other notice thereof, except as otherwise provided by the laws of Delaware. 
  

 Page 12 of 16 

 ARTICLE VII—GENERAL PROVISIONS 
  
 SECTION ONE. CONTRACTS, DEEDS, OTHER INSTRUMENTS, ETC. Contracts and other instruments in writing may
be made on behalf and in the name of the corporation as follows: (i) by the officers authorized so to do under Article V of these Amended and Restated Bylaws, and if required by law, under the corporation seal, attested by the Secretary or an
Assistant Secretary; and (ii) by such officers and such other persons as the Executive Chairman, Chief Executive Officer or President of the corporation may, in writing, authorize so to do with respect to specified types of contracts and other
instruments, such authorizations to also specify whether the corporate seal and attestation by the Secretary or an Assistant Secretary shall be required; and, if so executed, shall be binding upon the corporation, provided, however, that the Board
of Directors may, by resolution, authorize the execution of contracts, deeds and other instruments in writing generally or in specific instances in such manner and by such persons as may therein be designated. No person shall have authority, on
behalf of the corporation, to sign checks, drafts or other instruments for the payment of money or notes or acceptances unless specifically authorized by the Board of Directors or these Amended and Restated Bylaws. 
  
 SECTION TWO. NOTICES. 
  
 (A) Whenever by law, the Amended and Restated Certificate of Incorporation or
these Amended and Restated Bylaws notice is required to be given to any director, officer or stockholder, and no provisions is made as to how such notice shall be given, it shall not be construed to mean personal notice, but such notice may be given
in writing, by mail, by depositing the same in the post office or letter box, in a postage prepaid sealed wrapper, addressed to such stockholder, officer or director at such address as appears on the books of the corporation, or in default of other
address, to such director, officer or stockholder at the General Post office in the City of Wilmington, Delaware, and such notice shall be deemed to be given at the time when the same shall be thus mailed. 
  
 (B) Any stockholder, director or officer may waive any notice required to be
given by law or under these Amended and Restated bylaws. 
  
 SECTION THREE. FISCAL YEAR. The fiscal year shall begin the first day of December in each year. 
  
 SECTION FOUR. BOARD OF DIRECTORS’ ANNUAL STATEMENT. The Board of Directors shall present at each annual meeting, and when called for by
vote of the stockholders at any special meeting of the stockholders, a full and clear statement of the business and condition of the corporation. 
  
 SECTION FIVE. AMENDMENTS. These Amended and Restated Bylaws may be altered, amended or repealed or new Bylaws may be adopted by a majority
of the entire Board of Directors, without any action on the part of the stockholders, at any meeting of the Board of Directors if notice of such alteration, amendment, repeal or adoption of new Bylaws be contained in the notice of such meeting;
provided, however, that any such alteration, amendment, repeal or adoption must be effected in accordance with the Amended and Restated Certificate of Incorporation. The 
  

 Page 13 of 16 

 stockholders of the corporation shall have the power to adopt, amend or repeal any provisions of the Amended and Restated
Bylaws only to the extent and in the manner provided in the Amended and Restated Certificate of Incorporation of the corporation. Notwithstanding any other provision contained herein to the contrary, these Amended and Restated Bylaws shall not be
amended so as to make them inconsistent with any provision of the Amended and Restated Certificate of Incorporation. The affirmative vote of the holders of at least 80% of the voting power of all of the then-outstanding shares of the Voting Stock
(as defined in the Amended and Restated Certificate of Incorporation), voting together as a single class, shall be required to alter, amend, repeal, or adopt any provision inconsistent with the preceding sentence. 
  
 SECTION SIX. APPLICATION OF THESE AMENDED AND RESTATED BY
LAWS. In the event that any provision of these Amended and Restated Bylaws is or may be in conflict with any law of the United States, of the State of Delaware, or of any other governmental body or power having jurisdiction of this corporation,
or over the subject matter to which such provision of these Amended and Restated Bylaws applies, or may apply, such provision of these Amended and Restated Bylaws shall be inoperative to the extent only that the operation thereof conflicts with such
law, and shall in all other respects be in full force and effect. 
  
 SECTION SEVEN. INDEMNIFICATION BY CORPORATION. 
  
 (A) Any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right
of the corporation) by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as director, officer, employee or agent (including trustee) of another
corporation, partnership, joint venture, trust or other enterprise, shall be indemnified by the corporation (funds paid or required to be paid to any person as a result of the provisions of this Section Seven shall be returned to the corporation or
reduced, as the case may be, to the extent that such person receives funds pursuant to an indemnification from any such other corporation, partnership, joint venture, trust or enterprise) to the fullest extent permissible under Delaware law, against
expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, if he acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his conduct was unlawful. The termination of any action, suit or proceeding by
judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person seeking indemnification did not act in good faith and in a manner which he reasonably
believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his conduct was unlawful. Entry of a judgment by consent as part of a
settlement shall not be deemed a final adjudication of liability for negligence or misconduct in the performance of any duty, nor of any other issue or matter. 
  

(B) Any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, by or in
the right of the corporation to procure a 
  

 Page 14 of 16 

 judgment in its favor by reason of the fact that he is or was a director, officer, employee or agent of the corporation,
or is or was serving at the request of the corporation as a director, officer, employee or agent (including trustee) of another corporation, partnership, joint venture, trust or other enterprise, shall be indemnified by the corporation (funds paid
or required to be paid to any person as a result of the provisions of this Section Seven shall be returned to the corporation or reduced, as the case may be, to the extent that such person receives funds pursuant to an indemnification from any such
other corporation, partnership, joint venture, trust or enterprise) to the fullest extent permissible under Delaware law against expenses (including attorneys’ fees) actually and reasonably incurred by him in connection with the defense or
settlement of such action, suit or proceeding, if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification shall be made in respect of any claim,
issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery of the State of Delaware or the court in which such action, suit or proceeding was brought
shall determine upon application that, despite the adjudication of liability but in view of the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court
shall deem proper. 
  
 (C) To the extent that a director, officer,
employee or agent of the corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in paragraph (A) or (B) of this Section Seven, or in defense of any claim, issue or matter therein, he shall
be indemnified by the corporation against expenses (including attorneys’ fees) actually and reasonably incurred by him in connection therewith. 
  
 (D) Any indemnification under paragraph (A) or (B) of this Section Seven (unless ordered by a court) shall be made by the corporation only as authorized
in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper in the circumstances because he has met the applicable standard of conduct set forth in paragraphs (A) and (B) of this Section
Seven. Such determination shall be made as follows: (i) by majority vote of the directors who were not parties to such action, suit or proceeding, even though less than a quorum of the Board of Directors; or (ii) if there are no such directors, or
if such directors so direct, by independent legal counsel in a written opinion; or (iii) by the holders of a majority of the shares of capital stock of the corporation entitled to vote thereon. 
  
 (E) Expenses incurred by an officer or director in defending a civil or
criminal action, suit or proceeding may be paid in advance of final disposition upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that he is not entitled to be
indemnified by the corporation as authorized in this Section Seven. Such expenses incurred by other employees and agents may be so paid upon such terms and conditions, if any, as the Board of Directors deems appropriate. 
  
 (F) The indemnification and advancement of expenses provided by, or granted
pursuant to, the other paragraphs of this Section Seven shall not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement, vote of stockholders or
disinterested directors or otherwise, both as to action in an official capacity and as to action in another capacity while holding such office. 
  

 Page 15 of 16 

 (G) The indemnification and advancement of expenses provided by, or granted pursuant to, this Section
Seven shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

  
 SECTION EIGHT. CORPORATE SEAL. The corporate
seal shall have inscribed thereon the name of the corporation and the words “Corporate Seal, Delaware”. 
  
 SECTION NINE. CONFLICTS WITH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION. In the event of a conflict between the provisions of these
Amended and Restated Bylaws and the Amended and Restated Certificate of Incorporation, the provisions of the Amended and Restated Certificate of Incorporation shall control. The affirmative vote of the holders of at least 80% of the voting power of
all of the then-outstanding shares of the Voting Stock (as defined in the Amended and Restated Certificate of Incorporation), voting together as a single class, shall be required to alter, amend, repeal, or adopt any provision inconsistent with this
Section Nine. 
  

 Page 16 of 16Amended and Restated Employ. Agree. - Robert A. Kaiser

 Exhibit 10.1 
  
 AMENDED AND RESTATED 
 EMPLOYMENT AGREEMENT 
  
 This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”), effective as of May 1, 2004 (the “Effective Date”), is made by and among CellStar Ltd., a Texas limited partnership (the
“Employer”), CellStar Corporation, a Delaware corporation and parent company of Employer (“Parent”), and Robert A. Kaiser (the “Employee”). 
  
 R E C I T A L S 
  
 WHEREAS, Employer, Employee and Parent are parties to that certain Employment
Agreement, effective as of December 12, 2001, as amended by the First Amendment to Employment Agreement, effective as of April 2, 2002, the Second Amendment to Employment Agreement, effective as of September 10, 2002, and the Third Amendment to
Employment Agreement, effective as of February 28, 2003 (as amended, the “Old Employment Agreement”), whereby Employer has obtained the benefit of the services of Employee as an employee of Employer for the period of time and
subject to the terms and conditions provided therein; 
  
 WHEREAS,
Employer, Employee and Parent wish to amend and restate the provisions of the Old Employment Agreement in their entirety by means of this Agreement, with the intent that (i) the provisions of this Agreement shall supercede and replace the provisions
of the Old Employment Agreement in their entirety and (ii) that Employee’s employment with Employer shall be governed by this Agreement effective as of the Effective Date; 
  
 WHEREAS, pursuant to the Old Employment Agreement, Employer was obligated to pay Employee the amount of $500,000 in the
event Employee was not appointed as the Senior Vice President of Parent and President of the Employer’s North American Region on or before May 1, 2003 (the “Old Employment Agreement Payment”); 
  
 WHEREAS, Employer desires that Employee participate in Parent’s equity
and incentive compensation plans and other benefits as provided herein; and 
  
 WHEREAS, the Board of Directors of Parent deems it advisable and in the best interests of Parent and Employer to enter into this Agreement with Employee. 
  
 A G R E E M E N T 
  
 NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereby agree as follows: 

 ARTICLE I 
  

Employment 
  
 1.1 Employment. Employee currently serves as an employee of Employer. Effective as of the Effective Date, Employee’s employment shall be
governed by, and shall be continued under, the terms and conditions contained in this Agreement. In further consideration of Employer entering into this Agreement with Employee, Employee hereby waives for all purposes Employer’s and
Parent’s obligation to pay Employee, and hereby releases Employer and Parent for any failure to pay, the Old Employment Agreement Payment 
  
 1.2 Term. Subject to the provisions of the next sentence, the term of this Agreement shall commence on the Effective Date and shall end on the four
(4) year anniversary of the Effective Date (the “Original Term”), unless earlier terminated as provided herein (the period from the Effective Date to the date of the termination of this Agreement is hereinafter referred to as the
“Term”). At the expiration of the Original Term, this Agreement shall automatically be renewed for one (1) additional year (the “Renewal Term”) unless (i) notice of any decision not to renew this Agreement is given
by Employer or Employee at least one hundred eighty (180) days prior to the expiration of the Original Term or (ii) this Agreement is earlier terminated as provided herein. At the end of the Renewal Term, the Term shall terminate, unless Employee
and Employer agree in writing to extend the Term for an additional period. 
  
 1.3 Position and Duties. 
  
 (a) Position. During the Term, Employee shall serve as President and Chief Executive Officer of Employer and Parent, with authority, duties and responsibilities consistent with such position, and shall perform
such other services for Employer, Parent and their affiliated entities consistent with such position as may be reasonably assigned to him from time to time by the Executive Chairman (if any) and/or the board of directors of the general partner of
Employer or the Board of Directors of Parent. During the Term, Employee shall, if reasonably requested to do so and if so elected or appointed, also accept election or appointment, and serve, as an officer and/or director of Employer or any of its
affiliated entities and perform the duties appropriate thereto, without additional compensation other than as set forth herein. Employee’s actions hereunder shall at all times be subject to the direction of the Executive Chairman (if any)
and/or the board of directors of the general partner of Employer or the Board of Directors of Parent. 
  
 (b) Commitment. During the Term, Employee shall devote substantially all of his business time, energy, skill and best efforts to
the performance of his duties hereunder in a manner that will faithfully and diligently further the business and interests of Employer, Parent and their affiliated entities. Subject to the foregoing, Employee may serve in any capacity with any
civic, educational or charitable organization; provided that such activities and services do not interfere or conflict with the performance of his duties hereunder. Employee shall comply with policies, standards and regulations established from time
to time by senior management and/or the general partner of Employer or the Board of Directors of Parent. 
  

 2 

 (c) Location and Travel. During the Term, Employer shall not, without the written
consent of Employee, relocate or transfer Employee to any location other than the Dallas/Fort Worth area. Employee agrees to travel for business purposes in a reasonable amount for reasonable lengths of time, commensurate with Employee’s
position. 
  
 1.4 Compensation. 
  
 (a) Base Salary. Subject to Section 1.4(c) below,
beginning on the Effective Date, Employer shall pay Employee as compensation an aggregate salary (“Base Salary”) of four hundred fifty thousand dollars ($450,000) per year during the Term, or such greater amount as shall be approved
in accordance with the policies of Employer and/or Parent, as applicable. The Base Salary for each year shall be paid by Employer in accordance with the regular payroll practices of Employer. 
  
 (b) Annual Incentive Payment. Employee shall be
eligible to participate in an annual incentive plan approved by the Board of Directors of Parent. 
  
 (c) Withholding. With respect to any compensation received by Employee with respect to Employee’s services for Employer or any
of its affiliates, Employer will deduct such withholding and other payroll taxes as are required to be withheld by Employer under applicable law. 
  
 (d) Equity Incentive Awards. Employee shall be entitled to annual consideration for future grants of stock options and other forms
of equity incentive awards in amounts (if any) and on terms and conditions to be determined by the Board of Directors of Parent. 
  
 (e) Payment and Reimbursement of Expenses. During the Term, Employer shall pay or reimburse Employee for all reasonable travel and
other expenses incurred by Employee in performing his obligations under this Agreement in accordance with the policies and procedures of Employer or Parent, provided that Employee properly accounts therefor in accordance with the regular policies of
Employer or Parent, as applicable. 
  
 (f)
Fringe Benefits and Perquisites. During the Term, Employee shall be entitled to participate in or receive benefits under any stock purchase, profit-sharing, pension, retirement, paid time off, life, medical, dental, disability or other plan
or arrangement made generally available by Employer or Parent to employees, subject to and on a basis consistent with the terms, conditions and overall administration of such plans and arrangements; provided, however, that in no case
shall Employee receive fewer than thirty (30) days of paid vacation leave per year. Employee shall be credited with the greater of 10 years or his actual years of service with Employer as of the Effective Date for purposes of determining eligibility
and vesting for paid time off and short-term disability benefits. Without limiting the generality of the foregoing, Employer shall maintain long-term disability insurance for Employee that provides for annual disability 
  

 3 

 payments equal to the lesser of (i) sixty percent (60%) of Employee’s Base Salary, after giving
effect to all other disability benefits that would be payable to Employee by Parent, Employer or government agencies, or (ii) such lesser amount that may be payable under insurance policies that Employer can purchase in accordance with normal
insurance underwriting standards. 
  
 (e) Life
Insurance. During the Term and subject to Employee’s qualification under normal life insurance underwriting standards as of the date hereof and at any policy renewal date, Employer shall provide, at Employer’s expense, life insurance
on the life of Employee totaling one million five hundred thousand dollars ($1,500,000) for the benefit of such beneficiary or beneficiaries as may be designated from time to time by Employee. Such life insurance shall be inclusive of any life
insurance made generally available by Employer or Parent to employees, as set forth in subsection (f) above. 
  
 1.5 Termination by Employer. 
  
 (a) Disability. Employer may terminate this Agreement for Disability. “Disability” shall exist if, because of ill
health or physical or mental disability, Employee shall have been unable to perform the essential functions of his position under this Agreement, after reasonable accommodation by Employer, as determined in good faith by Parent’s Board of
Directors or a committee thereof, for a period of one hundred eighty (180) consecutive days, or if, in any 12-month period, Employee shall have been unable or shall have failed to perform his duties for a period of one hundred thirty (130) or more
business days, irrespective of whether or not such days are consecutive days. 
  
 (b) Cause. Employer may terminate Employee’s employment for Cause. Termination for “Cause” shall mean termination because of Employee’s (i)gross incompetence, (ii) willful misconduct
that causes or is likely to cause material economic harm to Employer, Parent or their affiliated entities or that brings or is likely to bring material discredit to the reputation of Employer, Parent or any of their affiliated entities, as
determined by the Board of Directors of Parent in good faith, (iii) failure to substantially follow directions of the Executive Chairman (if any) and/or the general partner of Employer or the Board of Directors of Parent that are consistent with his
duties under this Agreement, provided, that no act, or failure to act, on Employee’s part shall be deemed to constitute Cause unless done, or omitted to be done, by Employee not in good faith and without reasonable belief that
Employee’s act, or failure to act, was in or not opposed to the best interest of Employer, (iv) conviction of, or entry of a pleading of guilty or nolo contendere to, any crime involving moral turpitude or entry of an order duly issued by any
federal or state regulatory agency having jurisdiction in the matter permanently prohibiting Employee from participating in the conduct of the affairs of Employer, Parent or their affiliated entities, or (v) any other material breach of any
provision of this Agreement. Items (i), (ii), (iii) and (v) of this Section shall not constitute Cause unless Employer or Parent notified Employee thereof in writing, specifying in reasonable detail the basis therefor and stating that it is grounds
for Cause. Furthermore, if Employee’s actions are curable, items (i), (ii), (iii) and (v) of this Section shall not constitute Cause unless Employee fails to cure such matter within thirty (30) days after 
  

 4 

 such notice is sent or given under this Agreement. Notwithstanding the previous sentence, if Employer has
given notice to Employee of the same action covered by item (i), (ii), (iii), or (iv) on three separate occasions, Cause shall exist for terminating Employee upon the giving of the third notice, and Employee shall not have the right to cure such
matter covered by the third notice. It is understood that “Cause” shall not include a failure to perform due to a Disability. 
  
 (c) Without Cause. Employer may, at any time, terminate Employee’s employment Without Cause. Termination “Without
Cause” shall mean termination of Employee’s employment by Employer other than termination for Cause or for Disability. 
  
 (d) Employer Explanation of Termination. Upon termination of this Agreement by Employer, Employer shall give prompt written notice
(the “Employer Termination Notice”) to Employee advising Employee of such termination. The Employer Termination Notice shall state in reasonable detail the basis for such termination and shall indicate whether the termination is
being made for Cause, Without Cause or for Disability. 
  
 (e) Definition of Date of Termination. “Date of Termination” shall mean the last day of Employee’s employment. 
  
 (f) Payments upon Termination by Employer. After termination by Employer, Employer shall provide the following payments to
Employee: 
  
 (i) If Employer terminates
Employee’s employment for Disability, Employer’s obligation to pay salary and benefits pursuant to Section 1.4 (Compensation) shall terminate, except that Employer shall pay Employee the following amounts: 
  
 (1) his accrued but unpaid salary and benefits pursuant to
Section 1.4 (Compensation) through the Date of Termination, after giving effect to all disability benefits received by Employee under the terms of any applicable disability policy; and 
  
 (2) a lump-sum payment in the amount of $500,000, payable on the thirtieth (30th) day following the Date of Termination. 
  
 (ii) If Employer terminates Employee’s employment for Cause, then Employer’s obligation to make
payments and provide benefits pursuant to Section 1.4 (Compensation) shall terminate, except that Employer shall pay Employee his accrued but unpaid Base Salary and benefits pursuant to Section 1.4 (Compensation) through the Date of Termination;
provided, however, that Employee shall not be entitled to any payment pursuant to Section 1.4(b) (Annual Incentive Payment) for the fiscal year of Parent in which such termination occurs. 
  

 5 

 (iii) Subject to Section 1.7(b) (Termination Following a Change in Control), if Employer
terminates Employee’s employment Without Cause, then Employer shall pay to Employee, as severance pay in a lump sum on the thirtieth (30th) day following the Date of Termination, the following amounts: 
  
 (1) his accrued but unpaid Base Salary through the Date of Termination at the rate in effect as of the Date of Termination; and

  
 (2) a lump-sum payment in the amount of five
hundred thousand dollars ($500,000); and 
  
 (3)
in lieu of any further Base Salary, annual incentive payments or other forms of compensation for periods subsequent to the Date of Termination, an amount equal to the result obtained from the following equation: 
  
 [(S + B) ÷ 365] x D 
  
 where 
  

	 	S	= Employee’s Base Salary at the rate in effect as of the Date of Termination 

  

	 	B	= the greater of (i) the amount of the annual incentive payment made (or to be made) to Employee pursuant to Section 1.4(b) (Annual Incentive Payment) for the fiscal year of Parent
immediately preceding the fiscal year that includes the Date of Termination or (ii) the average of the annual incentive payments made (or to be made) to Employee for each of the last three fiscal years of Parent immediately preceding the fiscal year
that includes the Date of Termination  

  

	 	D	= the number of days from the Date of Termination to the last day of the Original Term (or, if such termination occurs within one hundred eighty (180) days of the expiration of the
Original Term and neither Employee nor Employer has given prior notice of their decision to not renew this Agreement, the last day of the Renewal Term), provided, in no event shall the number of days determined under this item be less than
three hundred sixty-five (365) days. 

  
 In addition, Employee will be entitled to (A) a prorated portion of any annual incentive payment earned for the fiscal year in which his employment is terminated, if earned in accordance with the terms of its grant and (B) the services of
an outplacement consultant who is selected by Employer and reasonably acceptable to Employee and whose fees are paid by Employer. 
  
 (g) Waiver of Other Rights upon Employer Termination. Employee hereby acknowledges and agrees that the payments by Employer under
Section 1.5(f) ( Payments 
  

 6 

 upon Termination by Employer) shall be the sole and exclusive remedy of Employee for
termination of Employee’s employment by Employer and Employee hereby waives any and all other remedies under law or in equity. 
  
 1.6 Termination by Employee. 
  
 (a) Company Breach. Employee may terminate his employment hereunder for Company Breach. For purposes of this Agreement, a
“Company Breach” shall be deemed to occur in the event of a material breach of this Agreement by Employer or Parent; provided, however, that Employee shall not be entitled to terminate for Company Breach unless
Employee notifies Employer thereof in writing, specifying in reasonable detail the basis therefor and stating that it is grounds for Company Breach, and unless Employer fails to cure such Company Breach within thirty (30) days after such notice is
sent or given under this Agreement. For purposes of this Agreement, a material breach by Employer or Parent shall include, without limitation, (i) the reduction in Employee’s Base Salary as in effect on the Effective Date, (ii) a change in
Employee’s duties or responsibilities with Employer or Parent that (A) represents a substantial reduction of the duties or responsibilities of Employee as in effect immediately prior thereto, including, but not limited to, in the event Employee
ceases to have the same position, title and responsibilities for the publicly held parent company, and (B) Employee does not expressly consent to in writing, or (iii) if Employee’s eligibility for a bonus in any fiscal year (provided that all
performance standards established for him have been achieved) shall be, in terms of a percentage of base salary, any amount less than the percentage of base salary established for the Executive Chairman (if any) of Parent for such fiscal year.

  
 (b) Voluntary Resignation. During the
Term, Employee may voluntarily terminate his employment upon thirty (30) days prior written notice to Employer, which notice may be waived by Employer in Employer’s discretion. “Voluntary Resignation” shall mean termination of
Employee’s employment by Employee other than termination for Company Breach. 
  
 (c) Employee Explanation of Termination. Upon termination of this Agreement by Employee, Employee shall give prompt written notice
(the “Employee Termination Notice”) to Employer of such termination. The Employee Termination Notice shall state in reasonable detail the basis for such termination and shall indicate whether the termination is being made for
Company Breach or if the termination is due to Voluntary Resignation. 
  
 (d) Payments upon Termination by Employee. Employer shall provide the following payments to Employee upon Employee’s termination of this Agreement: 
  
 (i) If Employee’s termination is due to Voluntary
Resignation, then Employer’s obligation to make payments and provide benefits pursuant to Section 1.4 (Compensation) shall terminate, except that Employer shall pay Employee his accrued but unpaid Base Salary and benefits pursuant to Section
1.4 (Compensation) through the Date of Termination; provided, however, that 
  

 7 

	

 Employee shall not be entitled to any payment pursuant to Section 1.4(b) (Annual Incentive
Payment) for the fiscal year of Parent in which such termination occurs. 
  
 (ii) Subject to Section 1.7(b) (Termination Following a Change in Control), if Employee terminates his employment for Company Breach, then Employee shall be entitled to the payments specified in Section 1.5(f)(iii) as
if Employee were terminated by Employer Without Cause; provided, that if the termination for Company Breach is based upon a material reduction by Employer of Employee’s Base Salary, then for the purposes of the calculations set forth in
Section 1.5(f)(iii), Employee’s Base Salary as of the Date of Termination shall be deemed to be Employee’s Base Salary immediately prior to the reduction that Employee claims as grounds for Company Breach. 
  
 (e) Waiver of Other Rights upon Employee Termination.
Employee hereby acknowledges and agrees that the payments by Employer under Section 1.6(d) (Payments upon Termination by Employee) shall be the sole and exclusive remedy of Employee for termination of Employee’s employment by Employee, and
Employee hereby waives any and all other remedies under law or in equity. 
  
 1.7 Change in Control. 
  
 (a) Definition of Change in Control. For the purposes of this Agreement, a “Change in Control” shall mean any of the following: 
  
 (i) any consolidation or merger of Parent in which Parent is not the continuing or surviving corporation or
pursuant to which shares of Parent’s common stock would be converted into cash, securities or other property, other than a merger of Parent in which the holders of Parent common stock immediately prior to the merger have the same proportionate
ownership of common stock of the surviving corporation immediately after the merger (subject to adjustment for rounding or fractional interests resulting therefrom); 
  
 (ii) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of
all or substantially all of the assets of Parent; 
  
 (iii) any approval by the stockholders of Parent of any plan or proposal for the liquidation or dissolution of Parent; 
  
 (iv) the cessation of control (by virtue of their not constituting a majority of directors) of Parent’s Board of Directors by the
individuals (the “Continuing Directors”) who (x) at the date of this Agreement were directors or (y) become directors after the date of this Agreement and whose election or nomination for election by Parent’s stockholders, was
approved by a vote of at least two-thirds of the directors then in office who were directors at the date of this Agreement (or whose election or nomination for election was previously so approved); 
  

 8 

 (v) (A) the acquisition of beneficial ownership (“Beneficial
Ownership”), within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), of an aggregate of fifty percent (50%) or more of the voting power of Parent’s outstanding
voting securities by any person or group (as such term is used in Rule 13d-5 under the Exchange Act) who Beneficially Owned less than ten percent (10%) of the voting power of Parent’s outstanding voting securities on the Effective Date of this
Agreement, or (B) the execution by Parent and a stockholder of a contract that by its terms grants such stockholder (in its, his or her capacity as a stockholder) or such stockholder’s Affiliate (as defined in Rule 405 promulgated under the
Securities Act of 1933 (an “Affiliate”)) including, without limitation, such stockholder’s nominee to Parent’s Board of Directors (in its, his or her capacity as an Affiliate of such stockholder), the right to veto or
block decisions or actions of Parent’s Board of Directors; provided, however, that notwithstanding the foregoing, the events described in items (A) or (B) above shall not constitute a Change in Control hereunder if the acquiror is
(1) a trustee or other fiduciary holding securities under an employee benefit plan of Employer, Parent or one of their affiliated entities and acting in such capacity, (2) a corporation owned, directly or indirectly, by the stockholders of Parent in
substantially the same proportions as their ownership of voting securities of Parent, (3) a person or group meeting the requirements of clauses (i) and (ii) of Rule 13d-1(b)(1) under the Exchange Act or (4) in the case of an acquisition described in
item (A) above, any other person whose ownership or acquisition of shares of voting securities is approved by a majority of the Continuing Directors; provided further, that none of the following shall constitute a Change in Control: (aa) the
right of the holders of any voting securities of Parent to vote as a class on any matter or (bb) any vote required of disinterested or unaffiliated directors or stockholders including, without limitation, pursuant to Section 144 of the Delaware
General Corporation Law or Rule 16b-3 promulgated pursuant to the Exchange Act; or 
  
 (vi) subject to applicable law, in a Chapter 11 bankruptcy proceeding, the appointment of a trustee or the conversion of a case involving
Parent to a case under Chapter 7. 
  
 (b)
Termination Following a Change in Control. Notwithstanding the provisions of Section 1.5 (Termination by Employer) or Section 1.6 (Termination by Employee) hereof, during the twelve (12) month period after a Change in Control, Employee may
terminate his employment hereunder for a Change in Control. In such event and in lieu of any payments that Employee would be otherwise entitled to receive pursuant to this Agreement, Employer shall pay to Employee as severance pay and as liquidated
damages (because actual damages are difficult to ascertain), in a lump sum, in cash, within thirty (30) days after termination, an amount which is equal to (i) five hundred thousand dollars ($500,000) plus (ii) three (3) times the sum of (A)
Employee’s Base Salary as of the Date of Termination (or such greater amount of Base Salary that was paid to Employee prior to any material salary reduction that serves as the basis for 
  

 9 

 termination by Employee upon Company Breach) and (B) the greater of (x) the amount of the annual
incentive payment that Employee received (or will receive) pursuant to Section 1.4(b) (Annual Incentive Payment) for the fiscal year of Parent immediately preceding the fiscal year of the Date of Termination or (y) the average of the annual
incentive payments made (or to be made) to Employee for each of the last three fiscal years of Parent immediately preceding the fiscal year that includes the Date of Termination; provided, however, that if such payment, either alone or
together with other payments or benefits, either cash or non-cash, that Employee has the right to receive from Employer, including, but not limited to, accelerated vesting or payment of any deferred compensation, options, stock appreciation rights
or any benefits payable to Employee under any plan for the benefit of employees, would constitute an “excess parachute payment” (as defined in Section 280G of the Internal Revenue Code of 1986), then such payment or other benefit shall be
reduced to the largest amount that will not result in receipt by Employee of a parachute payment; and providedfurther, that no such reduction shall be made if the amount of payment specified in clause (ii) of this Section 1.7(b) would
not independently constitute an “excess parachute payment.” The determination of the amount of the payment described in this Section shall be made by Parent’s independent auditors. 
  
 In addition, Employee will be entitled to (X) the services of
an outplacement consultant who is selected by Employer and reasonably acceptable to Employee and whose fees are paid by Employer and (Y) reimbursement from Employer for all reasonable costs and expenses (including without limitation, attorneys’
fees) incurred by Employee in enforcing the provisions of this Section 1.7(b) or Section 1.8 (Employee Benefits after Termination) against Employer or Parent. 
  

Employee hereby acknowledges and agrees that the payments by Employer under this Section 1.7(b) shall be the sole and exclusive remedy
of Employee for a termination of Employee’s employment pursuant to this Section 1.7(b), and Employee hereby waives any and all other remedies under law or in equity. 
  
 1.8 Employee Benefits after Termination. Employer shall maintain in full force and effect (to the extent consistent
with past practice), for the continued benefit of Employee and, if applicable, his spouse and children, the employee benefits set forth in subsections 1.4(f) (Fringe Benefits and Perquisites) through the Date of Termination (subject to the
provisions of Section 1.5(f)(i)); provided, that his continued participation or, if applicable, the participation of his spouse and children, is possible under the general terms and conditions of such plans and programs. Following the Date of
Termination, Employee and his eligible dependents shall be eligible for continued health coverage in accordance with the terms of applicable law. Notwithstanding the foregoing, if Employee is terminated Without Cause or resigns upon a Company
Breach, or terminates his employment pursuant to Section 1.7(b) (Termination Following a Change in Control), then Employer shall maintain health and life insurance coverage for the benefit of Employee and, if applicable, his spouse and children, for
a period of time equal to (i) the lesser of (A) five hundred forty five (545) days and (B) the number of days utilized in the formula specified in Section 1.5(f)(iii) above, or (ii) in the case of a termination pursuant to 
  

 10 

 Section 1.7(b), three (3) years; provided, however, that Employer’s obligation to provide such health
and life insurance coverage shall be reduced to the extent that Employer is not able to obtain such coverage in accordance with normal insurance underwriting standards. Such insurance shall be maintained in substantially the same manner (including
without limitation, coverage amounts, deductibles and level of premium contributions required by Employee) as it was maintained immediately prior to the Date of Termination. 
  
 1.9 Death of Employee. Notwithstanding any other provision of this Agreement to the contrary, if Employee dies prior
to the expiration of this Agreement, Employee’s employment and other obligations under this Agreement shall automatically terminate and all compensation to which Employee is or would have been entitled hereunder (including without limitation
under Sections 1.4(a) (Base Salary) and 1.4(b) (Annual Incentive Payment)) shall terminate as of the end of the month in which Employee’s death occurs; provided, however, that (i) Employer shall pay to Employee’s estate, as
soon as practicable, a prorated amount of the annual incentive payment specified in Section 1.4(b) for the fiscal year of Parent in which Employee’s death occurs, if earned in accordance with Parent’s annual incentive plan; and (ii) for
the balance of the month in which Employee’s death occurs, Employee’s spouse and children shall be entitled to receive their benefits under Employer’s group hospitalization, medical and dental plans (if any), to the extent permitted
under the terms of such plans, and thereafter Employee’s dependents shall have a right to continued health coverage in accordance with the terms of applicable law. 
  
 ARTICLE 2 
  
 Non-Competition and Confidentiality 
  
 2.1 Non-Competition. 
  
 (a) Description of Proscribed Actions. During the Term and for a period thereafter equal to (X) in the event of a termination
Without Cause, resignation for Company Breach or termination pursuant to Section 1.7(b) (Termination Following a Change in Control), twelve (12) months, and (Y) in all other cases, eighteen (18) months, in consideration for the obligations of
Employer and Parent hereunder, including without limitation their disclosure (pursuant to subsection 2.2(b) (Obligation of The Company) below) of Confidential Information, Employee shall not: 
  
 (i) directly or indirectly, engage or invest in, own,
manage, operate, control or participate in the ownership, management, operation or control of, be employed by, associated or in any manner connected with, or render services or advice to, any Competing Business (defined below); provided, however,
that Employee may invest in the securities of any enterprise (but without otherwise participating in the activities of such enterprise) if (x) such securities are listed on any national or regional securities exchange or have been registered under
Section 12(g) of the Exchange Act and (y) Employee does not beneficially own (as defined Rule 13d-3 promulgated under the Exchange Act) in excess of 5% of the outstanding capital stock of such enterprise; 
  

 11 

 (ii) directly or indirectly, either as principal, agent, independent contractor,
consultant, director, officer, employee, employer, advisor (whether paid or unpaid), stockholder, partner or in any other individual or representative capacity whatsoever, either for his own benefit or for the benefit of any other person or entity,
solicit, divert or take away any suppliers, customers or clients of the Company or any of its Affiliates; or 
  
 (iii) directly or indirectly, either as principal, agent, independent contractor, consultant, director, officer, employee, employer,
advisor (whether paid or unpaid), stockholder, partner or in any other individual or representative capacity whatsoever, either for his own benefit or for the benefit of any other person or entity, either (i) hire, attempt to hire, contact or
solicit with respect to hiring, any employee of Employer or Parent or any Affiliate thereof, (ii) induce or otherwise counsel, advise or encourage any employee of Employer, Parent or any Affiliate thereof to leave the employment of Employer, Parent
or any Affiliate thereof, or (iii) induce any representative or agent of Employer, Parent or any Affiliate thereof to terminate or modify its relationship with Employer, Parent or such Affiliate. 
  
 (b) Judicial Modification. Employee agrees that if a
court of competent jurisdiction determines that the length of time or any other restriction, or portion thereof, set forth in this Section 2.1 (Non-Competition) is overly restrictive and unenforceable, the court may reduce or modify such
restrictions to those which it deems reasonable and enforceable under the circumstances, and as so reduced or modified, the parties hereto agree that the restrictions of this Section 2.1 (Non-Competition) shall remain in full force and effect.
Employee further agrees that if a court of competent jurisdiction determines that any provision of this Section 2.1 (Non-Competition) is invalid or against public policy, the remaining provisions of this Section 2.1 (Non-Competition) and the
remainder of this Agreement shall not be affected thereby, and shall remain in full force and effect. 
  
 (c) Nature of Restrictions. Employee acknowledges that the business of Employer and Parent and their Affiliates is international in
scope and that the Restrictions imposed by this Agreement are legitimate, reasonable and necessary to protect Employer’s, Parent’s and their Affiliates’ investment in their businesses and the goodwill thereof. Employee acknowledges
that the scope and duration of the restrictions contained herein are reasonable in light of the time that Employee has been or will be engaged in the business of Employer, Parent and/or their Affiliates, and Employee’s relationship with the
suppliers, customers and clients of Employer, Parent and their Affiliates. Employee further acknowledges that the restrictions contained herein are not burdensome to Employee in light of the consideration paid therefor and the other opportunities
that remain open to Employee. Moreover, Employee acknowledges that he has other means available to him for the pursuit of his livelihood. 
  
 (d) Competing Business. “Competing Business” shall mean any individual, business, firm, company, partnership, joint
venture, organization, or other entity engaged in the wholesale distribution or retail sales of wireless communication equipment in any 
  

 12 

 domestic or international market area in which Employer, Parent or any of their Affiliates does business
at any time during Employee’s employment with Employer or any of its Affiliates, except SBC Communications, Inc. and its wholly-owned subsidiaries. 
  
 2.2 Confidentiality. For the purposes of this Section 2.2 (Confidentiality), the term “the Company” shall be construed also to
include Employer, Parent and any and all Affiliates of Employer and Parent. 
  
 (a) Confidential Information. “Confidential Information” shall mean information that is used in the Company’s business and 
  
 (i) is proprietary to, about or created by the Company; 
  
 (ii) gives the Company some competitive advantage, the
opportunity of obtaining such advantage or the disclosure of which could be detrimental to the interests of the Company; 
  
 (iii) is not typically disclosed to non-employees by the Company, or otherwise is treated as confidential by the Company; or 

 
 (iv) is designated as Confidential Information by the
Company or from all the relevant circumstances should reasonably be assumed by Employee to be confidential to the Company. 
  
 Confidential Information shall not include information publicly known (other than as a result of a disclosure by Employee ). The phrase
“publicly known” shall mean readily accessible to the public in a written publication and shall not include information that is only available by a substantial searching of the published literature or information the substance of which
must be pieced together from a number of different publications and sources, or by focused searches of literature guided by Confidential Information. 
  
 (b) Obligation of The Company. During the Term, the Company shall provide access to, or furnish to, Employee Confidential
Information of the Company necessary to enable Employee properly to perform his obligations under this Agreement. 
  
 (c) Non-Disclosure. Employee acknowledges, understands and agrees that all Confidential Information, whether developed by the
Company or others or whether developed by Employee while carrying out the terms and provisions of this Agreement (or previously while serving as an officer of the Company), shall be the exclusive and confidential property of the Company and (i)
shall not be disclosed to any person other than employees of the Company and professionals engaged on behalf of the Company, and other than disclosure in the scope of the Company’s business in accordance with the Company’s policies for
disclosing information, (ii) shall be safeguarded and kept from unintentional disclosure and (iii) shall not be used for Employee’s personal benefit. Subject to the terms of the preceding sentence, Employee shall not use, copy or transfer

  

 13 

 Confidential Information other than as is necessary in carrying out his duties under this Agreement.

  
 2.3 Injunctive Relief. Because of Employee’s
experience and reputation in the industries in which Employer, Parent and their Affiliates operate, and because of the unique nature of the Confidential Information, Employee acknowledges, understands and agrees that Employer and Parent will suffer
immediate and irreparable harm if Employee fails to comply with any of his obligations under Article 2 (Non-Competition and Confidentiality) of this Agreement, and that monetary damages will be inadequate to compensate Employer and Parent for such
breach. Accordingly, Employee agrees that Employer and Parent shall, in addition to any other remedies available to them at law or in equity, be entitled to injunctive relief to enforce the terms of Article 2 (Non-Competition and Confidentiality),
without the necessity of proving inadequacy of legal remedies or irreparable harm. 
  
 ARTICLE 3 
  
 Representations and Warranties by Employee 
  
 Employee hereby represents and warrants, the same being part of the essence of this Agreement, that, as of the Effective Date, he is not a party to any agreement, contract or understanding, and that no facts or circumstances exist, that
would in any way restrict or prohibit him from undertaking or performing any of his obligations under this Agreement. The foregoing representation and warranty shall remain in effect throughout the Term. 
  
 ARTICLE 4 
  
 Indemnification 
  
 Parent agrees to indemnify, and advance expenses to, Employee to the extent provided in the Certificate of Incorporation and Bylaws of Parent as of the
date of this Agreement. To the extent that a change in the Delaware General Corporation Law or other applicable law (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently under
Parent’s Certificate of Incorporation and Bylaws and this Agreement, it is the intent of the parties hereto that Employee shall enjoy by this Agreement the greater benefits so afforded by such change. 
  
 ARTICLE 5 
  
 Miscellaneous 
  
 5.1 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same instrument. 
  

 14 

 5.2 Indulgences, Etc. Neither the failure nor any delay on the part of either party to exercise
any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any right,
remedy, power or privilege, nor shall any waiver of any right, remedy, power, or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. 
  
 5.3 Employee’s Sole Remedy. Employee’s sole remedy shall be
against Employer or Parent for any claim, liability or obligation of any nature whatsoever arising out of or relating to this Agreement or an alleged breach of this Agreement or for any other claim arising out of the termination of Employee’s
employment hereunder (collectively, “Employee Claims”). Employee shall have no claim or right of any nature whatsoever against any of Employer’s or its Affiliates’ directors, former directors, officers, former officers,
employees, former employees, stockholders, former stockholders, agents, former agents or the independent counsel in their individual capacities arising out of or relating to any Employee Claim. Employee hereby releases and covenants not to sue any
person other than Employer or Parent over any Employee Claim. The persons described in this Section 5.3 (other than Employer, Parent and Employee) shall be third-party beneficiaries of this Agreement for purposes of enforcing the terms of this
Section 5.3 (Employee’s Sole Remedy) against Employee. 
  
 5.4 Notices. All notices, requests, demands and other communications required or permitted under this Agreement and the transactions contemplated herein shall be in writing and shall be deemed to have been duly given, made and
received when sent by telecopy (with a copy sent by mail) or when personally delivered or one business day after it is sent by overnight service, addressed as set forth below: 
  
 If to Employee: 
  
 Robert A. Kaiser 
 [address] 
  
 If to Employer or Parent:

  
 CellStar Corporation 
 1730 Briercroft Court 
 Carrollton, Texas 75006 
 Attn: General Counsel 
  
 Any party may alter the address to which communications or copies are to be sent by giving notice of such change of address in conformity
with the provisions of this Section for the giving of notice, which shall be effective only upon receipt. 
  

 15 

 5.5 Provisions Separable. The provisions of this Agreement are independent of and separable from
each other, and no provision shall be affected or rendered invalid or unenforceable by virtue of the fact that for any reason any other or others of them may be invalid or unenforceable in whole or in part. 
  
 5.6 Entire Agreement. This Agreement contains the entire understanding
between the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements and understandings, inducements or conditions, express or implied, oral or written (including without limitation, the Old
Employment Agreement), except as herein contained, which shall be deemed terminated effective immediately. The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof.
This Agreement may not be modified or amended other than by an agreement in writing. 
  
 5.7 Headings; Index. The headings of paragraphs herein are included solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement.

  
 5.8 Governing Law. This Agreement shall be governed by
and construed in accordance with the laws of the State of Texas, without giving effect to principles of conflict of laws. 
  
 5.9 Dispute Resolution. Subject to Employer’s and Parent’s right to seek injunctive relief in court as provided in Section 2.5
(Injunctive Relief) of this Agreement, any dispute, controversy or claim arising out of or in relation to or connection to this Agreement, including without limitation any dispute as to the construction, validity, interpretation, enforceability or
breach of this Agreement, shall be exclusively and finally settled by arbitration, and any party may submit such dispute, controversy or claim, including a claim for indemnification under this Section 5.9 (Dispute Resolution), to arbitration.

  
 (a) Arbitrators. The arbitration shall
be heard and determined by one arbitrator, who shall be impartial and who shall be selected by mutual agreement of the parties; provided, however, that if the dispute involves more than $2,000,000, then the arbitration shall be heard and determined
by three (3) arbitrators. If three (3) arbitrators are necessary as provided above, then (i) each side shall appoint an arbitrator of its choice within thirty (30) days of the submission of a notice of arbitration and (ii) the party-appointed
arbitrators shall in turn appoint a presiding arbitrator of the tribunal within thirty (30) days following the appointment of the last party-appointed arbitrator. If (x) the parties cannot agree on the sole arbitrator, (y) one party refuses to
appoint its party-appointed arbitrator within said thirty (30) day period or (z) the party-appointed arbitrators cannot reach agreement on a presiding arbitrator of the tribunal, then the appointing authority for the implementation of such procedure
shall be the Senior United States District Judge for the Northern District of Texas, who shall appoint an independent arbitrator who does not have any financial interest in the dispute, controversy or claim. If the Senior United States District
Judge for the Northern District of Texas refuses or fails to act as the appointing authority within ninety (90) days after being requested to do so, 
  

 16 

 then the appointing authority shall be the Chief Executive Officer of the American Arbitration
Association, who shall appoint an independent arbitrator who does not have any financial interest in the dispute, controversy or claim. All decisions and awards by the arbitration tribunal shall be made by majority vote. 
  
 (b) Proceedings. Unless otherwise expressly agreed in
writing by the parties to the arbitration proceedings: 
  
 (i) The arbitration proceedings shall be held in Dallas, Texas, at a site chosen by mutual agreement of the parties, or if the parties cannot reach agreement on a location within thirty (30) days of the appointment of the last arbitrator,
then at a site chosen by the arbitrators; 
  
 (ii) The arbitrators shall be and remain at all times wholly independent and impartial; 
  
 (iii) The arbitration proceedings shall be conducted in accordance with the Commercial Arbitration Rules of the American Arbitration
Association, as amended from time to time; 
  
 (iv) Any procedural issues not determined under the arbitral rules selected pursuant to item (iii) above shall be determined by the law of the place of arbitration, other than those laws which would refer the matter to another jurisdiction;

  
 (v) Subject to Employee’s right to
recover reasonable costs and expenses as set forth in Section 1.7(b) (Termination Following a Change in Control), the costs of the arbitration proceedings (including attorneys’ fees and costs) shall be borne in the manner determined by the
arbitrators; 
  
 (vi) The decision of the
arbitrators shall be reduced to writing; final and binding without the right of appeal; the sole and exclusive remedy regarding any claims, counterclaims, issues or accounting presented to the arbitrators; made and promptly paid in United States
dollars free of any deduction or offset; and any costs or fees incident to enforcing the award shall, to the maximum extent permitted by law, be charged against the party resisting such enforcement; 
  
 (vii) The award shall include interest from the date of any
breach or violation of this Agreement, as determined by the arbitral award, and from the date of the award until paid in full, at 6% per annum; and 
  
 (viii) Judgment upon the award may be entered in any court having jurisdiction over the person or the assets of the party owing the
judgment or application may be made to such court for a judicial acceptance of the award and an order of enforcement, as the case may be. 
  

 17 

 5.10 Survival. The covenants and agreements of the parties set forth in Article 2 (Non-Competition
and Confidentiality), and Article 5 (Miscellaneous) are of a continuing nature and shall survive the expiration, termination or cancellation of this Agreement, regardless of the reason therefor. 
  
 5.11 Subrogation. In the event of payment under this Agreement,
Employer and Parent shall be subrogated to the extent of such payment to all of the rights of recovery of Employee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of
such documents necessary to enable Employer or Parent effectively to bring suit to enforce such rights. 
  
 5.12 No Duplication of Payments. Employer and Parent shall not be liable under this Agreement to make any payment in connection with any claim made
against Employee to the extent Employee has otherwise actually received payment (under any insurance policy, bylaw or otherwise) of the amounts otherwise indemnifiable hereunder. 
  
 5.13 Binding Effect, Etc. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the
parties hereto and their respective successors, assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of Employer, Parent, spouses, heirs, and
personal and legal representatives. Employer and Parent shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of their business or assets,
by written agreement in form and substance satisfactory to Employee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that Employer or Parent would be required to perform if no such succession had
taken place. 
  
 5.14 Contribution. If the indemnity
contained in this Agreement is unavailable or insufficient to hold Employee harmless in a claim for an indemnifiable event, then separate from and in addition to the indemnity provided elsewhere herein, Parent shall contribute to expenses,
judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by or on behalf of Employee in connection with such claim in such proportion as appropriately reflects the relative benefits received by, and fault of,
Parent and Employer on the one hand and Employee on the other in the acts, transactions or matters to which the claim relates and other equitable considerations. 
  
 5.15 Parent Guaranty. Parent guarantees the payment and performance of all obligations of Employer under this
Agreement and agrees it will pay or perform those obligations if for any reason Employer fails to do so. This guarantee is absolute, continuing, irrevocable and not conditional or contingent. Any notice given hereunder to either Employer or Parent
will be deemed to be notice to Parent for purposes of this guaranty. 
  
 ********* 
  
 [Remainder of page intentionally left
blank.] 
  

 18 

 IN WITNESS WHEREOF, Employer and Parent have caused this Agreement to be executed by their
officer/general partner thereunto duly authorized, and Employee has signed this Agreement, as of the date first set forth above. 
  
  

			
	 CELLSTAR LTD
 By: National Auto Center, Inc.
 General Partner

		
	By:	 	/s/    Elaine Flud Rodriguez             
		
	Name:	 	Elaine Flud Rodriguez             
		
	Title:	 	Sr. Vice President             
	 	 	 

			
	
	  
 CELLSTAR
CORPORATION

		
	By:	 	/s/    Elaine Flud Rodriguez             
		
	Name:	 	Elaine Flud Rodriguez             
		
	Title:	 	Sr. Vice President             
	
	  
 EMPLOYEE

		
	 /s/
	 	 Robert A. Kaiser
            

	 Robert A. Kaiser             

	
	 

  

 19

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