CONSENT
Exhibit 99.64
THIS CONSENT (this “Consent”) is made as of the 20th day of May, 2013, by Starburst II, Inc., a Delaware corporation (“Parent”).
WHEREAS, SOFTBANK CORP., a Japanese kabushiki kaisha (“SoftBank”), Parent and Sprint Nextel Corporation, a Kansas corporation (the “Company”), entered into an Agreement and Plan of Merger, dated as of October 15, 2012, as amended by the First Amendment to Agreement and Plan of Merger, dated as of November 29, 2012, and the Second Amendment to Agreement and Plan of Merger, dated as of April 12, 2013 (such agreement as so amended, the “SoftBank/Company Merger Agreement”), to which Starburst I, Inc., a Delaware corporation and a wholly owned subsidiary of SoftBank, and Starburst III, Inc., a Kansas corporation and a wholly owned subsidiary of Parent (“SoftBank Merger Sub”), are also parties, pursuant to which SoftBank Merger Sub will merge with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of Parent;
WHEREAS, pursuant to Section 5.2 of the SoftBank/Company Merger Agreement, the Company is prohibited from taking certain actions without the consent of Parent;
WHEREAS, the Company, Collie Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of the Company (“Acquisition Corp.”), and Clearwire Corporation, a Delaware corporation (“Clearwire”), entered into an Agreement and Plan of Merger, dated as of December 17, 2012, as amended by the First Amendment to Agreement and Plan of Merger, dated as of April 18, 2013 (such agreement as so amended, the “Company/Clearwire Merger Agreement”), pursuant to which Acquisition Corp. will merge with and into Clearwire, with Clearwire surviving the merger as a wholly owned subsidiary of the Company;
WHEREAS, SoftBank, Parent and the Company entered into a Consent and Agreement, dated as of December 17, 2012, pursuant to which SoftBank and Parent consented to the Company’s entry into the Company/Clearwire Merger Agreement;
WHEREAS, pursuant to Section 2(f)(i) of the Consent and Agreement, the Company is prohibited from amending, modifying or entering into any supplement to, or waiving any material rights under (or extending the time for the performance by Clearwire or any other party under), the Company/Clearwire Merger Agreement without the consent of Parent;
WHEREAS, it is proposed that the Company, Acquisition Corp. and Clearwire enter into an amendment, substantially in the form attached hereto as Exhibit A (the “Amendment”), to the Company/Clearwire Merger Agreement to amend the definition of “Merger Consideration” in Paragraph B of the Recitals thereof by deleting “$2.97” in such definition and substituting therefor “$3.40” and to provide for an adjournment of the Company Stockholders’ Meeting; and
WHEREAS, pursuant to Section 5.2 of the SoftBank/Company Merger Agreement and Section 2(f)(i) of the Consent and Agreement, the Company has requested that Parent, and Parent has agreed to, provide its written consent to the execution and delivery by the Company and Acquisition Corp. of the Amendment.
NOW, THEREFORE, Parent hereby consents for purposes of Section 5.2 of the SoftBank/Company Merger Agreement and Section 2(f)(i) of the Consent and Agreement to the execution and delivery by the Company and Acquisition Corp. of the Amendment, substantially in the form attached hereto as Exhibit A.
[Signature Page Follows]
IN WITNESS WHEREOF, Parent has executed this Consent as of the date first set forth above.
| STARBURST II, INC. | ||||
| By: | /s/ Xxxxxx X. Xxxxxx | |||
| Name: | Xxxxxx X. Xxxxxx | |||
| Title: | President | |||
[Signature Page to Starburst II, Inc. Consent]
EXHIBIT A
[Attached]
