Exhibit 1
----------
This exhibit contains excerpts from the Subscription Agreement,
pursuant to which SOFTBANK Holdings Inc. transferred the securities of
Xxxx-Xxxxx Inc., as described in Item 5(b) of Schedule 13D.
00 Xxxxxxx Xxxx, Xxxxx 000
[SOFTBANK LOGO] SOFTBANK HOLDINGS INC. Xxxxxx Xxxxxx, XX 00000-0000
Tel (000) 000-0000
Fax (000) 000-0000
December 31, 1998
SOFTBANK American Inc.
000 Xxxxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Dear Sirs:
We hereby subscribe to 100 shares of Common Stock, par value $1.00 per
share, of SOFTBANK America Inc. for a purchase price of $10 per share.
As an additional contribution to capital, we hereby assign and transfer
to SOFTBANK America Inc. all our right, title and interest in the securities
listed in Annex A hereto, free and clear of all liens, encumbrances, equities or
claims.
Please confirm your acceptance of the foregoing subscription and
capital contribution by signing and returning the enclosed copy of this letter.
SOFTBANK HOLDINGS INC.
By: /s/ Xxxxxx Xxxxxx
------------------------
Xxxxxx Xxxxxx, Treasurer
SOFTBANK AMERICA INC.
By: /s/ Xxxxxx X. Xxxxxx
-------------------------------
Xxxxxx X. Xxxxxx, Vice Chairman
ASSETS TRANSFERRED TO SB AMERICA
Company Amount Securities Cost (per S&C) NBV @ 11/98
------- ------ ---------- -------------- -----------
Xxxx-Xxxxx 71,619,355 Common
[Information deleted]
E*Trade Group, Inc 15,647,922 Common
GeoCities, Inc. 7,056,086 Common
[Information deleted] [Information deleted]
MessageMedia Inc. 10,575,775 Common
[Information deleted]
Yahoo! Inc. 29,632,564 Common
[Information deleted]
Cybercash, Inc. 976,540 Common
[Information deleted]
[Information deleted]
