Document:

exv10w7w5

Exhibit 10.7.5

EXECUTIVE RESTRICTED STOCK

UNIT AWARD AGREEMENT

     This Restricted Stock Unit Award Agreement (“Agreement”) is made as of                     , (“Date of
Grant”), by Brightpoint, Inc., an Indiana Corporation (the “Company” or “Brightpoint”) and
                                         (the “Grantee”). In connection with the Company’s Executive Equity Program (the
“Program”), which was developed by the Committee (as defined under the Plan) in connection with its
administration of the Company’s 2004 Long-Term Incentive Plan, as may be amended from time to time
(the “Plan”), pursuant to this Agreement the Grantee is receiving a restricted stock unit Award
(“Award”) under Plan. The Award constitutes an Other Stock Based Award (as defined under the Plan)
and is a grant of                      Brightpoint Restricted Stock Units (the “Restricted Stock Units”).
Each Restricted Stock Unit represents the right to receive one common share of the Company subject
to the fulfillment of the vesting conditions set forth in this Agreement. The Award constitutes an
Other Stock-Based Award under the Plan, and is being submitted to Grantee in accordance with
section 10(b)(v) of the Plan. It is a condition to Grantee receiving the Award that Grantee accept
the terms, conditions and restrictions applicable to the Restricted Stock Units as set forth in
this Agreement.

     The terms of the Award are as set forth in this Agreement and in the Plan. The Plan is
incorporated into this Agreement by reference, which means that this Agreement is limited by and
subject to the express terms and provisions of the Plan. In the event of a conflict between the
terms of this Agreement and the terms of the Plan, the terms of the Plan shall control.
Capitalized terms that are not defined in this Agreement have the meanings given to them in the
Plan. As referred to herein, “Employment Agreement” means any written employment agreement between
the Company and the Grantee. For purposes of Section 13B(c) of the Plan, the terms “Good Reason”
and “Cause” shall have the meanings ascribed thereto in the Employment Agreement.

     NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good
and valuable consideration, the Company hereby awards Restricted Stock Units to Grantee on the
following terms and conditions:

     1. Award of Restricted Stock Units. The Company hereby grants to Grantee
                     (                    ) Restricted Stock Units subject to the terms and conditions set forth
below. The number of Restricted Stock Units granted hereunder is subject to reduction or
forfeiture as set forth Section 4 below.

     2. Restrictions. The Restricted Stock Units are being awarded to Grantee subject to
the transfer and forfeiture restrictions set forth in this Section 2, the forfeiture conditions set
forth in Section 4, the additional restrictions that are part of the Program and those restrictions
set forth in the Plan (the “Restrictions”) which shall lapse, if at all, as described in Section 3
below. For purposes of this Award, the term Restricted Stock Units includes any additional
Restricted Stock Units granted to the Grantee with respect to Restricted Stock Units still subject
to the Restrictions.

	 	a.	 	Grantee may not directly or indirectly, by operation of law or
otherwise, voluntarily or involuntarily, sell, assign, pledge, encumber, charge
or otherwise transfer any of the Restricted Stock Units still subject to
Restrictions. The Restricted Stock Units shall be forfeited if Grantee violates
or attempts to violate the Restrictions.

 

 

	 	b.	 	Any Restricted Stock Units still subject to the Restrictions shall
be automatically forfeited upon the Grantee’s termination of employment with
Brightpoint or a Subsidiary for any reason, other than death, Disability or
Retirement.

                    The Company will not be obligated to pay Grantee any consideration whatsoever for forfeited
Restricted Stock Units.

     3. Lapse of Restrictions.

	 	a.	 	The Restrictions applicable to the Restricted Stock Units shall
lapse, as long as the Restricted Stock Units have not been forfeited as described
in Section 2 or Section 4, as follows:

	 	(i)	 	As to one-third (1/3) of the Restricted Stock Units,
one year from the date hereof or as soon as practicable thereafter if the
Committee’s determination pursuant to Section 4 hereof is made more than
one year after the date hereof;
	 
	 	(ii)	 	As to one-third (1/3) of the Restricted Stock Units,
two years from the date hereof;
	 
	 	(iii)	 	As to one-third (1/3) of the Restricted Stock Units,
three years from the date hereof;
	 
	 	(iv)	 	Upon the conditions set forth in the Employment
Agreement, if any, with respect to the lapse of Restrictions upon a Change
of Control and, if none, as set forth in the Plan, as to all of the
remaining Restricted Stock Units upon a Change in Control of the Company
(as defined by the Plan);
	 
	 	(v)	 	As to all of the remaining Restricted Stock Units upon
termination of Grantee’s employment by Brightpoint or a Subsidiary due to
the Disability of the Grantee;
	 
	 	(vi)	 	As to all of the remaining Restricted Stock Units if
the Grantee dies; or.
	 
	 	(vii)	 	As to all of the remaining Restricted Stock Units upon
the Retirement of the Grantee.

	 	b.	 	To the extent the Restrictions lapse under this Section 3 with
respect to the Restricted Stock Units, they will be free of the terms and
conditions of this Award.

     4. Forfeiture. Notwithstanding anything else contained herein, including Section 3
hereof, and in addition to the Restrictions set forth in Section 2 hereof, the Restricted Stock
Units shall be subject to forfeiture in accordance with the following terms. A determination will
be made by the Committee, in its sole and absolute discretion, as soon as practicable after the end
of the Fiscal Year in which the Grant was made as to whether any or all of the target performance
goals (the “Performance Goals”) (as defined in the Plan and as set forth in the Program) for the
fiscal year in which the Restricted Stock Unit was granted (the “Performance Cycle”) (as defined in
the Plan) were achieved. In the Program, the Performance Goals have each been ascribed a
percentage (each a “Target Percentage”) as follows: Income from Continuing Operations (50%) and
Strategic Milestones (50%). If any or all of the

 

 

Performance Goals are not achieved for the Performance Cycle, as determined by the Committee
in its sole and absolute discretion, the percentage of the total number of Restricted Stock Units
granted hereby equal to the Target Percentage for such Performance Goal shall be forfeited by the
Grantee, and such number of Restricted Stock Units shall be correspondingly reduced and returned to
Plan. If none of the Performance Goals are achieved for the Performance Cycle, as determined by
the Committee in its sole and absolute discretion, then all of the Restricted Stock Units granted
hereunder will be forfeited and returned to the Plan. Any Restricted Stock Units that are not
forfeited as set forth above, will vest in accordance with the terms of Section 3 hereof, or the
Plan.

     5. Adjustments. If the number of outstanding Common Shares is changed as a result of
stock dividend, stock split or the like without additional consideration to the Company, the number
of Restricted Stock Units subject to this Award shall be adjusted to correspond to the change in
the outstanding Common Shares.

     6. Delivery of Certificates. Upon the lapse of Restrictions applicable to the
Restricted Stock Units, the Company shall deliver to the Grantee a certificate representing a
number of Common Shares equal to the number of Restricted Stock Units upon which such Restrictions
have lapsed.

     Pursuant to its authority under Section 3(vi) and Section 19 of the Plan, the Committee has
determined that the Grantee may not elect, pursuant to Section 19 of the Plan, to defer the receipt
of Common Stock upon the lapse of Restrictions. By entering into this Agreement, the Company and
the Grantee agree that the Grantee shall not have any right under Section 19 of the Plan to make
such Elective Deferrals with respect to the Restricted Stock Units.

     7. Withholding Taxes. The Company is entitled to withhold an amount equal to
Brightpoint’s required minimum statutory withholdings taxes for the respective tax jurisdiction
attributable to any Common Share or property deliverable in connection with the Restricted Stock
Units. Grantee may satisfy any withholding obligation in whole or in part by electing to have
Brightpoint retain Common Shares deliverable in connection with the Restricted Stock Units having a
Fair Market Value on the date the Restrictions applicable to the Restricted Stock Units lapse equal
to the minimum amount required to be withheld. “Fair Market Value” for this purpose shall be
determined in accordance with the terms of the Plan.

     8. Voting and Other Rights.

	 	a.	 	Grantee shall have no rights as a shareholder of the Company in
respect of the Restricted Stock Units, including the right to vote and to receive
dividends and other distributions (except as otherwise provided in Section 5 of
this Agreement), until delivery of certificates representing Common Shares in
satisfaction of the Restricted Stock Units.
	 
	 	b.	 	The grant of Restricted Stock Units does not confer upon Grantee
any right to continue in the employ of the Company or a Subsidiary or to
interfere with the right of the Company or a Subsidiary, to terminate Grantee’s
employment at any time.

     9. Nature of Award. By entering into this Agreement, the Grantee acknowledges his or
her understanding that the grant of Restricted Stock Units under this Agreement is completely at
the discretion of Brightpoint, and that Brightpoint’s decision to make this Award in no way implies
that similar awards may be granted in the future. In addition, the Grantee hereby acknowledges
that he or she has entered into employment with Brightpoint or a Subsidiary upon terms that did not
include this Award or similar awards, that his or her decision to continue employment is not
dependent on an expectation of

 

 

this Award or similar awards, and that any amount received under this Award is considered an
amount in addition to that which the Grantee expects to be paid for the performance of his or her
services.

     10. Funding. No assets or Common Shares shall be segregated or earmarked by the
Company in respect of any Restricted Stock Units awarded hereunder. The grant of Restricted Stock
Units hereunder shall not constitute a trust and shall be solely for the purpose of recording an
unsecured contractual obligation of the Company.

     11. Registration. The Company has filed a registration statement with the Securities
and Exchange Commission with respect to the Common Shares subject to the Award. The Company
intends to maintain the effectiveness of the registration statement, but has no obligation to do
so. If the registration statement is not effective, Grantee will not be able to transfer or sell
the shares issued to Grantee pursuant to this Award unless exemptions from registration under the
applicable securities laws are available. Such exemptions from registration are very limited and
might be unavailable. Grantee agrees that any resale by Grantee of the Common Shares issued
pursuant to the Award shall comply in all respects with the requirements of all applicable
securities laws, rules and regulations (including, without limitation, the provisions of the
Securities Act, the Exchange Act and the respective rules and regulations promulgated thereunder)
and any other law, rule or regulation applicable thereto, as such laws, rules and regulations may
be amended from time to time. The Company shall not be obligated to either issue the Common Shares
subject to the Award, or permit the resale of any Common Shares subject to the Plan, if such
issuance or resale would violate any such requirements.

     12. Governing Law. All questions concerning the construction, validity and
interpretation of this Agreement shall be governed by and construed according to the internal law
and not the law of conflicts of the State of Indiana.

     13. Waiver. The failure of the Company to enforce at any time any provision of this
Award shall in no way be construed to be a waiver of such provision or any other provision hereof.

     14. Actions by the Committee. The Committee may delegate its authority to administer
this Agreement. The actions and determinations of the Committee or delegate shall be binding upon
the parties.

     15. Acceptance of Terms and Conditions. By accepting this Award within 30 days after
the date of your receipt of this Agreement, you agree to be bound by the foregoing terms and
conditions, the Plan and any and all rules and regulations established by Brightpoint in connection
with awards issued under the Plan. If you do not accept this Award within 30 days of your receipt
of this Agreement, you will not be entitled to the Restricted Stock Units.

     16. Plan Documents. The Plan is available from the Company’s corporate headquarters at
7635 Interactive Way, Suite 200, Indianapolis, Indiana 46278, Attention Steven E. Fivel, Executive
Vice President, General Counsel and Secretary.

	 	 	 
	 

	 	 
	 

	 	, Grantee
	 

	 	Date:

 

 

	 	 	 	 	 
	 	BRIGHTPOINT, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 	 	Date:exv10w36

Exhibit 10.36

AGREEMENT OF SETTLEMENT

     This Agreement of Settlement (the “Settlement Agreement”) is made and entered into as
of October 1, 2009, by and among Brightpoint, Inc. (“Brightpoint”), on the one hand, and
NC Telecom Holding A/S (f/k/a Dangaard Holding A/S) (“NC Holding”), Nordic Wholesale
Services S.a.r.l., the beneficial owner of NC Holding (“Nordic Luxco”), and Nordic Capital
Fund VI (consisting of Nordic Capital VI Alpha, L.P., Nordic Capital VI Beta L.P., Nordic Capital
VI Limited, NC VI Limited and Nordic Industries Limited) (“Nordic” and, with NC Holding and
Nordic Luxco, the “Dangaard Entities”), on the other hand.

     WHEREAS, Brightpoint and the Dangaard Entities executed a Stock Purchase Agreement dated as of
February 19, 2007 (as amended, the “Stock Purchase Agreement”) pursuant to which NC Holding
sold Dangaard Telecom A/S (“Dangaard”) to Brightpoint (the “Sale”); and

     WHEREAS, the closing of the transactions contemplated by the Stock Purchase Agreement
occurred on July 31, 2007, and simultaneously therewith the following documents, among others, were
executed: (i) an Escrow Agreement (the “Escrow Agreement”) by and among Brightpoint, NC
Holding and American Stock Transfer & Trust Company (the “Escrow Agent”); (ii) a
Shareholder Agreement between Brightpoint and NC Holding (the “Shareholder Agreement”) and
(iii) a Registration Rights Agreement (the “Registration Rights Agreement”) between
Brightpoint and NC Holding; and

     WHEREAS, pursuant to the Stock Purchase Agreement, Brightpoint and the Dangaard Entities
(collectively, the “Parties”) have certain rights to indemnification; and

     WHEREAS, Brightpoint claims to have asserted certain claims for indemnification against NC
Holding as more fully set forth in two letters dated July 30, 2008 and May 13, 2009 (the
“Letters”), which are annexed hereto as Exhibits A and B, respectively, pursuant to the
Stock Purchase Agreement (together with all acts or omissions that were or might have been raised
in the Letters and any other potential claims (subject to certain limited exceptions set forth
herein) that Brightpoint has, ever had or may have against the Dangaard Entities related to,
arising out of or in connection with Dangaard and its business and assets, the Sale and the other
transactions contemplated by the Stock Purchase Agreement, whether pursuant to contract, tort
(including, without limitation, claims based on fraud) or otherwise, collectively the
“Claims”); and

 

 

     WHEREAS, the Dangaard Entities dispute the validity of the Claims and deny that they have any
liability to Brightpoint; and

     WHEREAS, in the interest of finality and to avoid the burden and expense of litigation, and
without admitting the validity of any Claim or liability therefor, the Parties wish to settle and
compromise all of the Claims and to provide for the release of substantially all of the Claims; and

     WHEREAS, the Parties have agreed to settle the Claims on the terms and conditions provided
herein.

     NOW, THEREFORE, in consideration of the above premises and for valuable consideration, the
receipt and legal sufficiency of which are hereby acknowledged, the Parties agree as follows:

     1. Settlement Deliveries.

     On the date on which this Settlement Agreement is executed:

     a. The Dangaard Entities shall deliver to Brightpoint an executed Release in the form annexed
hereto as Exhibit C.

     b. Brightpoint shall deliver to the Dangaard Entities (i) an executed Release in the form
annexed hereto as Exhibit D, and (ii) fifteen million, five hundred thousand dollars
($15,500,000.00) in cash (the “Funds”) by wire transfer of immediately available funds to
the following account:

IBAN: DK6120005036198941

Bank name: Nordea Bank Danmark A/S

Swift/BIC code: NDEADKKK

     c. The Dangaard Entities shall cause the Escrow Agent (who also serves as transfer agent for
Brightpoint’s common stock, par value $.01 per share (the “Brightpoint Stock”)) to deliver
three million (3,000,000) shares of Brightpoint Stock (the “Shares”) to Brightpoint
pursuant to an executed joint instruction letter annexed hereto as Exhibit E.

     d. Thorleif Krarup shall release and deliver his duly executed resignation from the Board of
Directors of Brightpoint currently held in escrow by Robert J. Mittman at Blank Rome LLP.

     2. Amendment to Shareholder Agreement; Other Matters.

     a. In addition to the foregoing deliveries, upon execution of this Settlement Agreement, the
Shareholder Agreement is hereby amended by deleting Article II thereof in its

 

 

entirety. All other terms and conditions of the Shareholder Agreement are hereby ratified,
confirmed and shall remain in full force and effect.

     b. Brightpoint hereby acknowledges and agrees that the contemplated transfer of Brightpoint
Stock from NC Holding to certain direct and indirect equityholders in NC Holding that results in
the individuals listed on Schedule I annexed hereto holding the Brightpoint Stock (whether in one
or more steps) (the “NC Holding Unwind”) constitutes a “Permitted Transfer” under the
Shareholder Agreement and further agrees, at the expense of the Dangaard Entities, to cooperate
with the Dangaard Entities to effectuate the NC Holding Unwind; provided, however, that if any
affiliate of Nordic or Mr. Thorleif Krarup receive Brightpoint Stock in the NC Holding Unwind, they
shall each execute a joinder in the form annexed hereto as Exhibit F.

     3. Representations and Warranties.

     a. By the Parties.

     Each of the Parties hereto represents and warrants to the other that it was represented by
counsel licensed to practice in the courts of the State of New York and is each satisfied with such
representation.

     b. By Brightpoint.

          i. Brightpoint is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its organization.

          ii. This Settlement Agreement is a legal, valid and binding obligation of Brightpoint,
enforceable according to its terms, and has been executed by a duly authorized representative of
Brightpoint.

          iii. Brightpoint, in making the decision to enter into this Settlement Agreement, has not
relied upon any oral or written representations or assurances from any Dangaard Entity, any of
their respective affiliates, officers, directors or employees or any other representatives or
agents of any Dangaard Entity.

          iv. Brightpoint has all corporate power and authority to execute this Settlement Agreement.
This Settlement Agreement has been validly authorized, executed and delivered by Brightpoint, and
no further corporate actions are required on the part of Brightpoint to authorize the execution and
delivery of this Settlement Agreement. The execution, delivery and performance of this Settlement
Agreement by Brightpoint does not and will not conflict with, violate or cause a breach of,
constitute a default under, or result in a violation of (i) the

 

 

organizational documents of Brightpoint, (ii) any agreement, contract or instrument to which
Brightpoint is a party which would prevent Brightpoint from performing its obligations hereunder,
or (iii) any law, statute, rule or regulation to which Brightpoint is subject.

          v. Brightpoint acknowledges that it has had the opportunity to review this Settlement
Agreement and the transactions contemplated by this Settlement Agreement with its own legal counsel
and investment and tax advisors. Brightpoint is not relying on any statements or representations
of any Dangaard Entity or any of their respective affiliates, representatives or agents for legal,
tax or investment advice with respect to this Settlement Agreement or the transactions contemplated
by the Settlement Agreement.

     c. By the Dangaard Entities.

          i. Each Dangaard Entity is duly organized, validly existing and in good standing (in such
jurisdictions where such status is recognized) under the laws of the jurisdiction of its
organization.

          ii. This Settlement Agreement is a legal, valid and binding obligation of each Dangaard
Entity, enforceable according to its terms, and has been executed by a duly authorized
representative of each Dangaard Entity.

          iii. Each Dangaard Entity is sophisticated in financial matters and each such entity is able
to evaluate the risks and benefits attendant to the sale of the Shares to Brightpoint.

          iv. The Dangaard Entities, in making the decision to sell the Shares to Brightpoint, have not
relied upon any oral or written representations or assurances from Brightpoint, or any of
Brightpoint’s affiliates, officers, directors or employees or any other representatives or agents
of Brightpoint. The Dangaard Entities have had access to all of the filings made by Brightpoint
with the United States Securities and Exchange Commission (“SEC”), pursuant to the
Securities Exchange Act of 1934, as amended, and the Securities Act of 1933, as amended, in each
case to the extent available publicly via the SEC’s Electronic Data Gathering, Analysis and
Retrieval system.

          v. Each Dangaard Entity has all corporate, limited liability company or partnership power and
authority, as appropriate, to execute this Settlement Agreement. This Settlement Agreement has
been validly authorized, executed and delivered by each Dangaard Entity, and no further corporate,
limited liability company or partnership actions, as appropriate, are required on the part of any
such Dangaard Entity to authorize the execution and delivery of

 

 

this Settlement Agreement. The execution, delivery and performance of this Settlement
Agreement by each Dangaard Entity does not and will not conflict with, violate or cause a breach
of, constitute a default under, or result in a violation of (i) the organizational documents of any
Dangaard Entity, (ii) any agreement, contract or instrument to which any Dangaard Entity is a party
which would prevent any Dangaard Entity from performing its respective obligations hereunder, or
(iii) any law, statute, rule or regulation to which any such Dangaard Entity is subject.

          vi. Each Dangaard Entity acknowledges that it has had the opportunity to review this
Settlement Agreement and the transactions contemplated by this Settlement Agreement with its own
legal counsel and investment and tax advisors. No Dangaard Entity is relying on any statements or
representations of Brightpoint or any of Brightpoint’s respective affiliates, representatives or
agents for legal, tax or investment advice with respect to this Settlement Agreement or the
transactions contemplated by the Settlement Agreement.

          vii. NC Holding is the beneficial owner of the Shares and will transfer to Brightpoint good
and marketable title to the Shares, free and clear of any liens, claims, security interests,
options charges or any other encumbrance whatsoever.

     4. Acknowledgement; Waiver.

     Each Dangaard Entity (i) acknowledges that Brightpoint may possess or have access to material
non-public information which has not been communicated to any Dangaard Entity; (ii) hereby waives
any and all claims, whether at law, in equity or otherwise, that it may now have or may hereafter
acquire, whether presently known or unknown, against Brightpoint or any of its officers, directors,
employees, agents, affiliates, subsidiaries, successors or assigns relating to any failure to
disclose any non-public information in connection with the sale of the Shares pursuant to this
Settlement Agreement, including without limitation, any claims arising under Rule 10b-(5) of the
Securities and Exchange Act of 1934; and (iii) is aware that Brightpoint is relying on the truth of
the representations set forth in Sections 3.a and 3.c of this Settlement Agreement and the
foregoing acknowledgement and waiver in clauses 4.i and 4.ii above, respectively, in connection
with the transactions contemplated by this Settlement Agreement. Notwithstanding the foregoing,
nothing in this Section 4 shall prevent a Dangaard Entity or any of its successors, assigns,
subsidiaries or affiliates from receiving any relief to which it may be entitled due to its
membership in any class of security holders of Brightpoint having claims

 

 

against Brightpoint.

     5. Miscellaneous Provisions.

     a. This Settlement Agreement (together with the Exhibits and Schedules hereto) sets forth the
entire agreement among the Parties with respect to its subject matter and, other than as
specifically amended or modified herein (including in the Exhibits hereto), all other terms and
conditions of all other agreements between the Parties, including but not limited to the (i) Escrow
Agreement, (ii) Shareholder Agreement, (iii) Stock Purchase Agreement and (iv) Registration Rights
Agreement, remain in full force and effect. Nothing in this Settlement Agreement shall be deemed
to amend, modify, waive or alter the Underwriting Agreement dated July 15, 2009 by and among
Brightpoint, NC Holding and Deutsche Bank Securities, Inc.

     b. This Settlement Agreement may not be changed, modified or amended except by a written
instrument signed by the Parties.

     c. This Settlement Agreement may be executed in any number of counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same
instrument. Signature pages may be exchanged by e-mail or facsimile, and each signature page so
exchanged shall be considered an original.

     d. This Settlement Agreement shall be binding on the Parties and their respective
predecessors, successors, assigns, parents, subsidiaries, affiliates, divisions, groups, and
present and former officers, directors, and employees.

     e. Unless Brightpoint instructs otherwise in writing, all notices to Brightpoint regarding
this Settlement Agreement shall be delivered to:

Brightpoint, Inc.

7635 Interactive Way, Suite 200

Indianapolis, Indiana 46278 USA

ATTN: Steven E. Fivel

Executive Vice President, General Counsel & Secretary

Tel: (317)707-2520

E-mail: steve.fivel@brightpoint.com

With a copy to:

Blank Rome LLP

405 Lexington Avenue

New York, New York 10174

ATTN: Robert J. Mittman

Tel: (212) 885-5555

E-mail: rmittman@blankrome.com

 

 

     f. Unless NC Holding instructs otherwise in writing, all notices to the Dangaard Entities
regarding this Settlement Agreement shall be delivered to:

NC Telecom Holding A/S

c/o NC Advisory A/S

Sankt Annae Plads 11

1250 Copenhagen K, Denmark

ATTN: Michael Haaning

Tel: +45 (3344) 7750

E-mail: michael.haaning@nordiccapital.com

With a copy to:

Latham & Watkins LLP

885 Third Avenue

New York, New York 10022

ATTN: David A. Kurzweil

Tel: (212) 906-1200

E-mail: david.kurzweil@lw.com

     g. Unless otherwise indicated or agreed to in writing by the Party to receive the delivery of
any document, as used in this Settlement Agreement “deliver” and “delivery” shall mean transmission
by overnight courier and e-mail.

     h. The Parties are entering into this Settlement Agreement solely in order to avoid further
expense, inconvenience, risk and delay and to permit the continued operation of their affairs
unhindered by expensive litigation and by distraction and diversion of themselves and their
employees, and thereby to put to rest all controversy with respect to the Claims. This Settlement
Agreement and each of its provisions, and the settlement provided for herein, whether or not
consummated, and any negotiations, proceedings or agreements relating to the Settlement Agreement,
or any matter arising in connection with such negotiations, proceedings or agreements are not and
shall not in any event be:

          i. construed as, offered in evidence as, received in evidence as, and/or deemed to be evidence
of a presumption, concession or an admission by the Parties of the truth of any fact alleged or the
validity of any claim that has been, or could have been, asserted in the Claims, or of the
deficiency of any defense that has been, could have been, or in the future might be asserted in any
litigation, or of any liability, fault, wrongdoing or otherwise of any of the

 

 

Parties;

          ii. construed as, offered in evidence as, received in evidence as, and/or deemed to be
evidence of a presumption, concession or an admission of any fault, breach of duty, wrongful act or
misrepresentation or omission in any statement or written document approved or made by any of the
Parties or the approval or making of which was participated in by the Parties or any employee of
any of the Parties; or

          iii. construed by anyone for any purpose whatsoever as evidence of a presumption, concession
or admission of any liability, fault or wrongdoing on the part of any of the Parties;

          provided, however, that nothing in this Section 5(h) shall prohibit any Party from introducing
the fully executed Settlement Agreement and the releases attached as exhibits hereto as evidence in
an action to enforce their terms.

     i. This Settlement Agreement shall be deemed to have been drafted jointly by the Parties.

     j. Whenever possible, each provision of this Settlement Agreement shall be interpreted in such
manner as to be effective and valid under applicable law, but if any provision of this Settlement
Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law
or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any
other provision or any other jurisdiction, but this Settlement Agreement shall be reformed,
construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision
had never been contained herein.

     6. Governing Law.

          For the avoidance of any doubt, Sections 12.13 and 12.14 of the Stock Purchase Agreement,
captioned, respectively, “Controlling Law” and “Jurisdiction and Process,” shall apply to this
Settlement Agreement, the releases attached as exhibits hereto, and all other collateral documents
executed in connection herewith. Those Sections of the Stock Purchase Agreement read as follows:

“12.13 Controlling Law. THIS AGREEMENT IS MADE UNDER, AND SHALL BE
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK, APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED SOLELY
THEREIN, WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS OF LAW.”

 

 

“12.14 Jurisdiction and Process. In any action between or among any
of the parties, whether arising out of this Agreement, any of the
agreements contemplated hereby or otherwise, (a) each of the parties
irrevocably consents to the exclusive jurisdiction and venue of the
federal and state courts located in New York, New York, (b) if any
such action is commenced in a state court, then, subject to
applicable law, no party shall object to the removal of such action
to any federal court located in New York, New York, (c) each of the
parties irrevocably waives the right to trial by jury, (d) each of
the parties irrevocably agrees to designate a service company
located in the United States as its agent for service of process and
consents to service of process by first class certified mail, return
receipt requested, postage prepaid, to the address at which such
party is located, and (e) the prevailing parties shall be entitled
to recover their reasonable attorneys’ fees, costs and disbursements
from the other parties (in addition to any other relief to which the
prevailing parties may be entitled).”

     7. Continuing Indemnification Obligations.

Notwithstanding anything to the contrary that may be contained in this Settlement
Agreement or in the Release attached hereto as Exhibit D, Section 6.16 of the Stock
Purchase Agreement, captioned “Shareholder’s Indemnification Rights under the June
Stock Purchase Agreement” shall remain in full force and effect. Section 6.16 of
the Stock Purchase Agreement reads as follows:

“6.16 Shareholder’s Indemnification Rights under the June Stock
Purchase Agreement.

(a) Effective as of the Closing, Shareholder hereby transfers
and assigns to Parent all of its rights to indemnification under
that certain Share Sale and Purchase Agreement dated June 13, 2006
by and between Shareholder and the former shareholders of Target
(the “June Stock Purchase Agreement”). In the event that any such
transfer or assignment is limited or not permitted pursuant to the
June Stock Purchase Agreement and in the event that a Parent
Indemnitee seeks indemnification for any Losses under Section 11
herein, Shareholder shall from and after the Closing, at the
direction of Parent and as promptly as practicable after
Shareholder’s receipt of an Indemnification Notice from such Parent
Indemnitee, enforce its right to indemnification for such Losses.
The Indemnification Notice shall set forth the basis of the claim to
be made under the June Stock Purchase Agreement, together with all
relevant details in the possession of Parent or Target, and shall
instruct Shareholder to enforce its right to

 

 

indemnification under the June Stock Purchase Agreement. Upon
receipt of such Indemnification Notice, Shareholder shall, as
promptly as reasonably practicable, make a claim for indemnity under
the June Stock Purchase Agreement in accordance with the terms
thereof, and in connection with such claim shall only take such
actions and incur such fees as reasonably requested by Parent. In
connection with enforcing such rights, Parent shall, and shall cause
Target to, cooperate with Shareholder and its counsel and provide
Shareholder with access to all information and personnel in its
possession relevant or reasonably necessary for enforcing such
rights. All amounts recovered pursuant to such indemnification
right (net of any Taxes and any actual out-of-pocket fees and
expenses of Shareholder in connection with Shareholder seeking such
Indemnification Proceeds) (the “Indemnification Proceeds”) which
exceed the Cap set forth in Section 11.4.2 (the “Indemnification
Excess”) shall increase the Cap in order to provide the Parent
Indemnitee the full benefit of such Indemnification Proceeds. Parent
shall indemnify Shareholder for any Losses of Shareholder arising
out of the exercise of such indemnification rights under the June
Stock Purchase Agreement (including the actual out-of-pocket fees
and expenses incurred by it in connection with Shareholder seeking
such Indemnification Proceeds). Furthermore, notwithstanding
anything to the contrary in this Agreement, Shareholder shall pay
all such Indemnification Proceeds to the Parent Indemnitee promptly
after receipt thereof in accordance with Section 11.6 herein,
provided, however, that Shareholder shall pay any
Indemnification Excess to the Parent Indemnitee promptly after
receipt thereof in cash. For purposes of clarification, in no
circumstance shall Section 11.4.1 (Basket) or Section 11.4.2 (Cap)
be applicable to any Indemnification Proceeds received by
Shareholder.

(b) Effective as of the Closing, Shareholder hereby agrees that it
shall not, by its own voluntary action, liquidate, dissolve or
otherwise cease to exist so long as its indemnification rights under
the June Stock Purchase Agreement are enforceable; provided,
however, that any involuntary action of liquidation,
dissolution or cessation of existence of Shareholder is not a result
of the actions or inactions of Shareholder or Nordic;
provided further that nothing in this Section
6.16(b) shall prohibit Shareholder from issuing dividends or making
distributions, including from proceeds received from the sale of any
Parent Shares, or otherwise writing down its share capital or buying
back shares.

(c) Effective as of the Closing, Nordic hereby agrees to cause
Shareholder to comply with the covenants provided for in this
Section 6.16 and shall indemnify Parent for any Losses associated
with Shareholder’s failure to use commercially reasonable efforts

 

 

to comply with the terms and conditions of this Section 6.16, in
each case until the earlier of (i) when Shareholder no longer has
any right to indemnification under the June Stock Purchase Agreement
or (ii) six (6) years after the Closing. Notwithstanding the
foregoing, Nordic’s obligation to indemnify Parent for any such
Losses shall be limited to, and shall not exceed, the value
(measured at the Closing) of its pro rata interest (determined based
upon Nordic’s shareholdings in Shareholder) in the Purchase Price
payable to Shareholder at Closing. Notwithstanding any other
provision hereof, each of Nordic Capital VI Alpha, L.P. and Nordic
Capital Beta, L.P., acting through their general partner, Nordic
Capital VI Limited, NC VI Limited and Nordic Industries Limited
shall be only severally, and not jointly liable, for any
indemnification or other obligations pursuant to this Section
6.16(c) (in proportion to their respective holdings in
Shareholder).”

     Except to the extent set forth in the Release attached hereto as Exhibit D, the parties
explicitly acknowledge that Brightpoint has the right to pursue all remedies available to it with
respect to the dispute referred to in the Letters as the “Norwegian Tax Matters”.

[Signature pages follow]

 

 

     IN WITNESS WHEREOF, the Parties have duly authorized the execution and delivery of this
Settlement Agreement as of the date written below.

Dated: October 1, 2009

	 	 	 	 	 
	 	BRIGHTPOINT, INC.

7635 Interactive Way, Suite 200

Indianapolis, Indiana 46278

 	 
	 	By:  	/s/ Steven E. Fivel
 	 
	 	 	Steven E. Fivel 	 
	 	 	Executive Vice President 	 
	 
	 	NC TELECOM HOLDING A/S

c/o NC Advisory A/S

Sankt Annae Plads 11

1250 Copenhagen K

Denmark

 	 
	 	By:  	/s/ Michael Haaning
 	 
	 	 	Michael Haaning 	 
	 	 	Director 	 
	 
	 	NORDIC WHOLESALE SERVICES S.A.R.L.

5, rue Guillaume Kroll

1882 Luxembourg

 	 
	 	By:  	/s/ Ingrid Moinet
 	 
	 	 	Ingrid Moinet 	 
	 	 	Class A Manager 	 

 

 

	 	 	 	 	 
	 	NORDIC CAPITAL VI ALPHA, L.P. acting by its general partner Nordic Capital VI
Limited

26 Esplanade

St. Helier Jersey JE2 3QA

Channel Islands

 	 
	 	By:  	/s/ Lynda Elliott
 	 
	 	 	Lynda Elloitt 	 
	 	 	Director 	 
	 
	 	NORDIC CAPITAL VI BETA, L.P. acting by its general partner Nordic Capital VI
Limited

26 Esplanade

St. Helier Jersey JE2 3QA

Channel Islands

 	 
	 	By:  	/s/ Lynda Elliott
 	 
	 	 	Lynda Elloitt 	 
	 	 	Director 	 
	 
	 	NC VI LIMITED

26 Esplanade

St. Helier Jersey JE2 3QA

Channel Islands

 	 
	 	By:  	/s/ Lynda Elliott
 	 
	 	 	Lynda Elloitt 	 
	 	 	Director 	 
	 
	 	NORDIC INDUSTRIES LIMITED

26 Esplanade

St. Helier Jersey JE2 3QA

Channel Islands

 	 
	 	By:  	/s/ Lynda Elliott
 	 
	 	 	Lynda Elloitt 	 
	 	 	Director 	 

 

 

	 	 	 	 	 
	 	NORDIC CAPITAL VI LIMITED

26 Esplanade

St Helier Jersey JE2 3QA

Channel Islands

 	 
	 	By:  	/s/ Lynda Elliott
 	 
	 	 	Lynda Elloitt 	 
	 	 	Director

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