Press Releases 2013

Acquisition of Brightstar Corp. Shares
(Amendment to Previously Disclosed Item)

December 27, 2013
SoftBank Corp.

SoftBank Corp. (“SoftBank”) today announced an amendment to the previously disclosed item announced in the “Acquisition of Brightstar Corp. Shares” dated October 19, 2013.

Ⅰ. Reasons for Amendment

In accordance with the decision made by Brightstar Corp. (“Brightstar”) in December 2013 to acquire 20:20 Mobile Group Limited, filing of a reapplication to the Committee on Foreign Investment in the United States (CFIUS) is required. Therefore, it is expected that Brightstar will become a subsidiary of SoftBank between late January 2014 and February 2014.

Ⅱ. Amendment

[Note]
  • *The bolded portion indicates the amended terms.
Before amendment

4. Timeline

SoftBank Board resolutions*9 October 10, 2013
SoftBank executes share purchase agreements with the Sellers October 18, 2013
U.S. subsidiary to make Brightstar a subsidiary November - December 2013 (expected)
SoftBank to exercise the Warrant To be gradually exercised, and fully exercised over the five year period following step (1) of “2. Transaction Method” (expected)
[Note]
  • *9The final decision with respect to the final terms of the Transaction and the agreements thereof was delegated to Mr. Masayoshi Son, Chairman & CEO of SoftBank, to the extent not inconsistent with the contents of the SoftBank Board resolutions.
After amendment

4. Timeline

SoftBank Board resolutions*9 October 10, 2013
SoftBank executes share purchase agreements with the Sellers October 18, 2013
U.S. subsidiary to make Brightstar a subsidiary Late January - February 2014 (expected)
SoftBank to exercise the Warrant To be gradually exercised, and fully exercised over the five year period following step (1) of “2. Transaction Method” (expected)
[Note]
  • *9The final decision with respect to the final terms of the Transaction and the agreements thereof was delegated to Mr. Masayoshi Son, Chairman & CEO of SoftBank, to the extent not inconsistent with the contents of the SoftBank Board resolutions.
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