EXHIBIT 4(b)
XXXXXXXX XXXXX, INC.
REGISTRATION RIGHTS AGREEMENT
DATED AS OF OCTOBER 1, 2002
TABLE OF CONTENTS
1. Introduction..........................................................1
2. Registration under Securities Act, etc................................1
2.1 Registration on Request.....................................1
2.2 Incidental Registration.....................................3
2.3 Registration Procedures.....................................5
2.4 Underwritten Offerings......................................8
2.5 Preparation................................................10
2.6 Indemnification............................................10
2.7 Adjustments Affecting Registrable Securities...............13
3. Definitions..........................................................13
4. Rule 144 Information.................................................15
5. Amendments and Waivers...............................................16
6. Nominees for Beneficial Owners.......................................16
7. Notices..............................................................16
8. Assignment...........................................................17
9. Descriptive Headings.................................................17
10. GOVERNING LAW........................................................17
11. Counterparts.........................................................17
12. Entire Agreement.....................................................17
13. SUBMISSION TO JURISDICTION...........................................17
14. Severability.........................................................18
15. No Inconsistent Agreements...........................................18
16. Confidentiality......................................................18
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REGISTRATION RIGHTS AGREEMENT
REGISTRATION RIGHTS AGREEMENT (the "Agreement"), dated as
of October 1, 2002, by and among Xxxxxxxx Xxxxx, Inc., a Delaware corporation
(the "Company"), and the Persons named on the signature page hereto (each an
"Investor" and together, the "Investors").
WHEREAS, the Company has agreed to grant to Investors the
registration rights set forth herein.
NOW, THEREFORE, in consideration of the mutual covenants
and agreements set forth herein and for good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties agree as
follows:
1. Introduction. Pursuant to the Amended Joint Plan of Reorganization of
Xxxxxxxx Xxxxx, Inc. and its affiliated Debtors and Debtors in Possession (the
"Plan"), dated August 15, 2002, the Company has agreed, among other things, to
issue shares of new common stock, par value $0.01 per share, of the Company to
the Investors (the "Common Stock"). This Agreement shall become effective upon
the date of the issuance of such securities pursuant to the Plan (the "Effective
Date"). Certain capitalized terms used in this Agreement are defined in Section
3 hereof; unless otherwise indicated, references to sections shall be to
sections of this Agreement.
2. Registration under Securities Act, etc.
2.1 Registration on Request
(a) Request. Commencing 120 days after the Effective Date,
an Investor holding at least fifteen percent (15%) of the Registrable Securities
outstanding on the date hereof, or Investors holding at least fifteen percent
(15%) of the Registrable Securities outstanding on the date hereof in the
aggregate, subject to Section 2.1(c) hereof, may request, in writing,
registration under the Securities Act, of all or part of their Registrable
Securities, specifying the intended method or methods of disposition thereof.
Within 10 days after receipt of any such request, the Company will give notice
of such request to the other Investors. Any Investor that sells or disposes of
securities pursuant to a registration statement of the Company is referred to
herein as a "Participating Investor." The Company will use all commercially
reasonable efforts to effect the registration on an appropriate form under the
Securities Act and will include in such registration, subject to Section 2.1(b)
hereof, all Registrable Securities held by any Participating Investor with
respect to which the Company has received a written request for inclusion
therein within 15 days after the receipt of the Company's notice. All
registrations initiated by a Participating Investor pursuant to this Section
2.1(a) are referred to herein as "Demand Registrations." The aggregate maximum
number of Demand Registrations that may be effected pursuant to this Section 2.1
is three.
(b) Priority in Registration. If, with respect to any
underwritten Demand Registration, the Managing Underwriters advise the Company
in writing that in their opinion the number of Registrable Securities proposed
to be included exceeds the number of Registrable Securities and other securities
which can be sold in such offering, the Company will include in such
registration: (i) first, the Registrable Securities requested to be included
which, in the opinion of such underwriters, can be sold, by the Participating
Investors pro rata based upon the total number of Registrable Securities which
such Investor proposes to include in such registration and (ii) second, the
securities proposed to be included in such registration by any other holders as
determined by the Company and the Managing Underwriters.
(c) Registration Statement Form. Registrations under this
Section 2.1 shall be on such appropriate registration form of the Commission (i)
as shall be selected by the Company and, as shall be reasonably acceptable to
the Participating Investors holding a majority of the Registrable Securities
included in such offering and (ii) as shall permit the disposition of such
Registrable Securities in accordance with the intended method or methods of
disposition specified in their request for such registration. If, in connection
with any registration under this Section 2.1 which is proposed by the Company to
be on Form S-3 or any similar short form registration statement which is a
successor to Form S-3, the Managing Underwriters, if any, shall advise the
Company in writing that in their opinion the use of another permitted form is of
material importance to the success of the offering, then such registration shall
be on such other permitted form.
(d) Expenses. The Company will pay all Registration
Expenses in connection with any registration requested pursuant to this Section
2.1.
(e) Effective Registration Statement. A Demand Registration
requested pursuant to this Section 2.1 shall not be deemed to have been effected
(i) unless a registration statement with respect thereto has been declared
effective by the Commission and the Company has kept such registration statement
effective for a period of time specified in Section 2.3(a)(i), provided that a
registration which does not become effective after the Company has filed a
registration statement with respect thereto solely by reason of the refusal to
proceed of a Participating Investor (other than a refusal to proceed based upon
the advice of counsel relating to a matter with respect to the Company) shall be
deemed to have been effected by the Company at the request of a Participating
Investor unless such Participating Investor shall have elected to pay all
Registration Expenses in connection with such registration, (ii) if, after it
has become effective, such registration becomes subject to any stop order,
injunction or other order or requirement of the Commission or other governmental
agency or court for any reason, or (iii) the conditions to closing specified in
the purchase agreement or underwriting agreement entered into in connection with
such registration are not satisfied, other than by reason of some act or
omission by an Investor. A Participating Investor shall be permitted to withdraw
all or any part of the Registrable Securities from a Demand Registration at any
time prior to the effective date of such Demand Registration; provided that if
any such withdrawal results in less than 3% of the Common Stock outstanding on
the date of such withdrawal being included by the Participating Investors in the
registration statement, the Participating Investor or Participating Investors
responsible for such Demand Registration shall either (x) pay or reimburse the
Company for all fees and expenses (including counsel fees and expense) incurred
by them and the Company prior to such withdrawal or (y) agree to forfeit one of
the Demand Registrations with respect to which the Company is obligated to pay
Registration Expenses pursuant to Section 2.1(d) hereof.
(f) Selection of Underwriters. If a Demand Registration
pursuant to this Section 2.1 involves an underwritten offering, the underwriter
or underwriters thereof shall be selected by the Participating Investors holding
a majority of the Registrable Securities to be included in such registration
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with the consent of the Company, which consent shall not be unreasonably
withheld or delayed.
(g) Exceptions to Registration on Request. Notwithstanding
anything in Section 2.1(a) above to the contrary, the Company shall not be
obligated to take any action to effect any such registration pursuant to Section
2.1(a) above:
(i) During the period starting with the date forty-five (45) days
prior to the Company's estimated date of filing of, and ending on the
ninetieth (90th) day immediately following the effective date of, any
registration statement pertaining to securities of the Company (other
than a registration of securities on Form S-8 (or any successor or
similar form)), provided that the Company is actively employing in
good faith all reasonable efforts to cause such registration statement
to become effective as soon as practicable;
(ii) During the 120-day period following the effectiveness of a
registration statement with respect to which any Investor had a right
to have its Registrable Securities included pursuant to Section 2
hereof; and
(iii) If the Company determines in good faith that the
registration and distribution of Registrable Securities (or the use of
the registration statement or related prospectus) resulting from a
Demand Registration would (i) materially and adversely interfere with
any previously announced business combination transaction involving
the Company pursuant to which the Company would issue, in connection
with such transaction, shares of Common Stock to some or all of the
equity owners of the counter-party to such business combination
transaction, or (ii) result in the premature disclosure of, and
materially and adversely interfere with, any pending financing,
acquisition, corporate reorganization or any other corporate
development involving the Company or any of its subsidiaries, and, in
either such event, the Company shall promptly give Participating
Investors written notice of such determination, then the Company shall
be entitled to (x) postpone the filing of the registration statement
otherwise required to be prepared and filed by the Company pursuant to
Section 2.1(a) hereof, or (y) elect that the effective registration
statement not be used, in either case for a reasonable period of time,
but not to exceed ninety (90) days after the date that the demand by
the Company of the Investor not to sell the securities was made (a
"Blackout Period"); provided that the Company may not exercise this
deferral right more than once per twelve (12) month period. Any such
written notice shall contain a general statement of the reasons for
such postponement or restriction on use and an estimate of the
anticipated delay. The Company shall promptly notify each
Participating Investor of the expiration or earlier termination of
such Blackout Period.
2.2 Incidental Registration
(a) Right to Include Registrable Securities. If the Company
at any time proposes to register any securities substantially similar to the
Registrable Securities under the Securities Act (other than by a registration on
Form S-4 or S-8, or any successor or similar forms and other than securities
registered to effect the acquisition of or combination with another person or
pursuant to Section 2.1 hereof), whether or not for sale for its own account, it
will each such time give prompt written notice to each Investor of its intention
to do so and of such Investor's rights under this Section 2.2. Upon the written
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request of any Investor made within 15 days after the receipt of any such notice
(which request shall specify the Registrable Securities intended to be disposed
of by such Participating Investor and the intended method of disposition
thereof), the Company will, subject to Sections 2.2(b) hereof, effect the
registration under the Securities Act of all Registrable Securities which the
Company has been so requested to register by such Participating Investor, to the
extent requisite to permit the disposition (in accordance with the intended
methods thereof as aforesaid) of the Registrable Securities so to be registered,
by inclusion of such Registrable Securities in the registration statement which
covers the securities which the Company proposes to register, provided that if,
at any time after giving written notice of its intention to register any
securities and prior to the effective date of the registration statement filed
in connection with such registration, the Company shall determine for any reason
either not to register or to delay registration of such securities, the Company
may, at its election, give written notice of such determination to each
Participating Investor and, thereupon, (i) in the case of a determination not to
register, shall be relieved of its obligation to register any Registrable
Securities in connection with such registration (but not from its obligation to
pay the Registration Expenses in connection therewith), without prejudice,
however, to the rights of any Participating Investor to request that such
registration be effected as a registration under Section 2.1, and (ii) in the
case of a determination to delay registering, shall be permitted to delay
registering any Registrable Securities, for the same period as the delay in
registering such other securities. No registration effected under this Section
2.2 shall relieve the Company of its obligation to effect any registration upon
request under Section 2.1, nor shall any such registration hereunder be deemed
to have been effected pursuant to Section 2.1. The Company will pay all
Registration Expenses in connection with each registration of Registrable
Securities requested pursuant to this Section 2.2.
(b) Priority in Incidental Registrations. If (i) a
registration pursuant to this Section 2.2 involves an underwritten offering of
the securities so being registered, for sale for the account of the Company or
any other Person (other than any Investors) exercising a demand registration
right, to be distributed (on a firm commitment basis) by or through one or more
Managing Underwriters, (ii) the Registrable Securities so requested to be
registered for sale for the account of a Participating Investor are not also to
be included in such underwritten offering (because the Company has not been
requested so to include such Registrable Securities pursuant to Section 2.4(b)
or, if requested to do so, is not obligated to do so under Sections 2.2(b)(iii)
hereof), and (iii) the Managing Underwriter of such underwritten offering shall
inform the Company and each Participating Investor by letter of its belief that
the number of securities requested to be included in such registration exceeds
the number which can be sold in (or during the time of) such offering, then the
Company will include in such registration, to the extent of the number which the
Company is so advised can be sold in (or during the time of) such offering, (A)
first, securities proposed by the Company to be sold for its own account, and
securities proposed by Persons (other than any Investors), if any, exercising a
demand registration right, and (B) second, the Registrable Securities requested
to be included in such registration, pro rata based upon the total number of
Registrable Securities which such Participating Investor requested to be
included.
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2.3 Registration Procedures.
(a) If and whenever the Company is required to effect the
registration of any Registrable Securities under the Securities Act as provided
in Sections 2.1 and 2.2 the Company shall, as promptly as reasonably practicable
(and, in any event, in conformity with any required time period set forth
herein):
(i) prepare and (in the case of a registration pursuant to
Section 2.1, such filing to be made within 45 days after the initial
request of Investor or in any event as soon thereafter as possible)
file with the Commission the requisite registration statement to
effect such registration (including such audited financial statements
as may be required by the Securities Act or the rules and regulations
promulgated thereunder) and thereafter cause such registration
statement to become and remain effective for a period of time required
for the disposition of such securities, but not to exceed 120 days
from the effective date thereof, provided, however, that the Company
may discontinue any registration of its securities which are not
Registrable Securities (and, under the circumstances specified in
Section 2.2(a), its securities which are Registrable Securities) at
any time prior to the effective date of the registration statement
relating thereto, provided further that before filing such
registration statement or any amendments thereto, the Company will
furnish to the counsel selected by the Participating Investors for its
review copies of all such documents proposed to be filed;
(ii) prepare and file with the Commission such amendments and
supplements to such registration statement and the prospectus used in
connection therewith as may be necessary to keep such registration
statement effective and to comply with the provisions of the
Securities Act with respect to the disposition of all securities
covered by such registration statement until such time as all of such
securities have been disposed of in accordance with the intended
methods of disposition by the seller or sellers thereof set forth in
such registration statement as amended or such prospectus as so
supplemented;
(iii) furnish to each Participating Investor and each
underwriter, if any, such number of conformed copies of such
registration statement and of each such amendment and supplement
thereto (in each case including all exhibits), such number of copies
of the prospectus contained in such registration statement (including
each preliminary prospectus and any summary prospectus) and any other
prospectus filed under Rule 424 under the Securities Act, in
conformity with the requirements of the Securities Act, and such other
documents, as such Participating Investor and such underwriter, if
any, may reasonably request in order to facilitate the public sale or
other disposition of the Registrable Securities;
(iv) use its reasonable best efforts to register or qualify all
Registrable Securities and other securities covered by such
registration statement under such other securities laws or blue sky
laws of such jurisdictions as any seller thereof and any underwriter
of the securities being sold by such seller shall reasonably request,
to keep such registrations or qualifications in effect for so long as
such registration statement remains in effect, and take any other
action which may be reasonably necessary or advisable to enable such
seller and underwriter to consummate the disposition in such
jurisdictions of the securities owned by such seller, except that the
Company shall not for any such purpose be required to qualify
generally to do business as a foreign corporation in any jurisdiction
wherein it would not but for the requirements of this subdivision (iv)
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be obligated to be so qualified or to consent to general service of
process in any such jurisdiction;
(v) use its reasonable best efforts to cause all Registrable
Securities covered by such registration statement to be registered
with or approved by such other governmental agencies or authorities as
may be necessary to enable the seller or sellers thereof to consummate
the disposition of such Registrable Securities;
(vi) furnish to each Participating Investor a signed counterpart,
addressed to such Participating Investor and the underwriters, if any,
of (x) an opinion of counsel for the Company, dated the effective date
of such registration statement (or, if such registration includes an
underwritten public offering, an opinion dated the date of the closing
under the underwriting agreement), reasonably satisfactory in form and
substance to such Participating Investor and the underwriters, and (y)
a "comfort" letter (or, in the case of any such Person which does not
satisfy the conditions for receipt of a "comfort" letter specified in
Statement on Auditing Standards No. 72, an "agreed upon procedures"
letter), dated the effective date of such registration statement (and,
if such registration includes an underwritten public offering, a
letter of like kind dated the date of the closing under the
underwriting agreement), signed by the independent public accountants
who have certified the Company's financial statements included in such
registration statement, covering substantially the same matters with
respect to such registration statement (and the prospectus included
therein) and, in the case of the accountants' letter, with respect to
events subsequent to the date of such financial statements, as are
customarily covered in opinions of issuer's counsel and in
accountants' letters delivered to the underwriters in underwritten
public offerings of securities (with, in the case of an "agreed upon
procedures" letter, such modifications or deletions as may be required
under Statement on Auditing Standards No. 35) and, in the case of the
accountants' letter, such other financial matters, and, in the case of
the legal opinion, such other legal matters, as the Participating
Investors holding a majority of the Registrable Securities included in
such offering (or the underwriters, if any) may reasonably request;
(vii) notify each Participating Investor and the Managing
Underwriter or underwriters, if any, promptly and confirm such advice
in writing promptly thereafter (v) when the registration statement,
the prospectus or any prospectus supplement related thereto or
post-effective amendment to the registration statement has been filed,
and, with respect to the registration statement or any post-effective
amendment thereto, when the same has become effective; (w) of any
request by the Commission for amendments or supplements to the
registration statement or the prospectus or for additional
information; (x) of the issuance by the Commission of any stop order
suspending the effectiveness of the registration statement or the
initiation of any proceedings by any Person for that purpose; (y) if
at any time the representations and warranties of the Company made as
contemplated by Section 2.4 below cease to be true and correct; and
(z) of the receipt by the Company of any notification with respect to
the suspension of the qualification of any Registrable Securities for
sale under the securities or blue sky laws of any jurisdiction or the
initiation or threat of any proceeding for such purpose;
(viii) notify each Participating Investor, at any time when a
prospectus relating thereto is required to be delivered under the
Securities Act, upon discovery that, or upon the happening of any
event as a result of which, the prospectus included in such
registration statement, as then in effect, includes an untrue
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statement of a material fact or omits to state any material fact
required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances under which
they were made, and at the request of any Participating Investor
promptly prepare and file a post-effective amendment to such
registration statement, or a supplement to the related prospectus or
any document included therein by reference, or file any other required
document that would be incorporated by reference into such
registration statement and prospectus, prepare and furnish to such
seller or Participating Investor and each underwriter, if any, a
reasonable number of copies of a supplement to or an amendment of such
prospectus as may be necessary so that, as thereafter delivered to the
purchasers of such securities, such prospectus shall not include an
untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances under which
they were made and, in the case of a post-effective amendment to the
registration statement, use its commercially reasonable efforts to
cause such post-effective amendment to be declared effective as soon
as reasonably practicable;
(ix) make every reasonable effort to prevent the issuance of and,
if issued, to obtain the withdrawal of, any order suspending the
effectiveness of the registration statement at the earliest possible
moment;
(x) otherwise to comply with all applicable rules and regulations
of the Commission, and make available to its security holders, as soon
as reasonably practicable, an earnings statement covering the period
of at least twelve months, but not more than eighteen months,
beginning with the first day of the Company's first full calendar
quarter after the effective date of such registration statement, which
earnings statement shall satisfy the provisions of Section 11(a) of
the Securities Act and Rule 158 thereunder;
(xi) furnish to each Participating Investor at least five
business days prior to the filing thereof a copy of any amendment or
supplement to such registration statement or prospectus and shall not
file any thereof to which such Participating Investor shall have
reasonably objected, on a timely basis, on the grounds that such
amendment or supplement does not comply in all material respects with
the requirements of the Securities Act or of the rules or regulations
thereunder;
(xii) make available upon reasonable notice at reasonable times
and for reasonable periods for inspection by a representative or
representatives of each Participating Investor, any underwriter
participating in any disposition pursuant to the registration
statement and any attorney or accountant retained by any Participating
Investor or such underwriter (each, an "Inspector"), all financial and
other records, pertinent corporate documents and properties of the
Company (the "Records"), and cause the Company's officers, directors
and employees to supply all information reasonably requested by any
such Inspector in connection with such registration in order to permit
a reasonable investigation within the meaning of Section 11 of the
Securities Act;
(xiii) provide and cause to be maintained a transfer agent and
registrar for all Registrable Securities covered by such registration
statement from and after a date not later than the effective date of
such registration statement;
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(xiv) provide a CUSIP number for the Registrable Securities, not
later than the effective date of the registration statement;
(xv) cause all Registrable Securities covered by the registration
statement to be listed on each securities exchange on which any of the
Company's securities of such class are then listed; and
(xvi) enter into such customary agreements (including, pursuant
to Section 2.4, an underwriting agreement in customary form if the
offering is an underwritten offering) and take all other necessary
actions in order to expedite or facilitate the disposition of the
Registrable Securities.
(b) The Company may require each seller of Registrable
Securities as to which any registration is being effected to furnish the Company
such information regarding such seller and the distribution of such securities
as the Company may from time to time reasonably request in writing.
(c) The Investors agree by acquisition of the Registrable
Securities that, upon receipt of any notice from the Company of the occurrence
of any event of the kind described in subdivision (viii) of this Section 2.3(a),
the Investors will forthwith discontinue their respective dispositions of
Registrable Securities pursuant to the registration statement relating to such
Registrable Securities until each such Investor's receipt of the copies of the
supplemented or amended prospectus contemplated by subdivision (viii) of this
Section 2.3(a) and, if so directed by the Company, will deliver to the Company
(at the Company's expense) all copies, other than permanent file copies, then in
such Investor's possession of the prospectus relating to such Registrable
Securities current at the time of receipt of such notice.
(d) If any such registration statement to be filed pursuant
to this Agreement refers to any Investor by name or otherwise as the holder of
any securities of the Company, then such Investor shall have the right to
require (i) the insertion therein of language, in form and substance
satisfactory to such Investor, to the effect that the holding by such Investor
of such securities is not to be construed as a recommendation by such Investor
of the investment quality of the Company's securities covered thereby and that
such holding does not imply that such Investor will assist in meeting any future
financial requirements of the Company, or (ii) in the event that such reference
to such Investor by name or otherwise is not required by the Securities Act or
any similar federal statute then in force, the deletion of the reference to such
Investor.
2.4 Underwritten Offerings.
(a) Requested Underwritten Offerings. If requested by the
Managing Underwriters for any underwritten offering by any Investor pursuant to
a registration requested under Section 2.1, the Company will enter into an
underwriting agreement with such Managing Underwriters for such offering, such
agreement to be satisfactory in substance and form to the Company, Participating
Investors holding a majority of the Registrable Securities included in such
offering and the Managing Underwriters, and to contain such representations and
warranties by the Company and such other terms as are generally prevailing in
agreements of this type, including, without limitation, indemnities to the
effect and to the extent provided in Section 2.6. The Participating Investors
8
will cooperate with the Company in the negotiation of the underwriting agreement
and will give consideration to the reasonable suggestions of the Company
regarding the form thereof, provided that nothing herein contained shall
diminish the foregoing obligations of the Company. The Participating Investors
shall be party to such underwriting agreement. A Participating Investor shall
not be required to make any representations or warranties to or agreements with
the Company or the Managing Underwriters other than representations and
warranties contained in a writing furnished by such holder expressly for use in
such registration statement or agreement regarding such Participating Investor,
the Participating Investor's Registrable Securities and such Participating
Investor's intended method of distribution and any other representation required
by law.
(b) Incidental Underwritten Offerings. If the Company at
any time proposes to register any of its securities under the Securities Act as
contemplated by Section 2.2 and such securities are to be distributed by or
through one or more Managing Underwriters, the Company will, if requested by an
Investor or Investors as provided in Section 2.2 and subject to the provisions
of Section 2.2(b), use its reasonable best efforts to arrange for such Managing
Underwriters to include all the Registrable Securities to be offered and sold by
any Participating Investor among the securities to be distributed by such
underwriters. Each such Participating Investor shall be party to the
underwriting agreement between the Company and such Managing Underwriters. A
Participating Investor shall not be required to make any representations or
warranties to or agreements with the Company or the underwriters other than
representations, warranties or agreements regarding such Participating Investor,
such Participating Investor's Registrable Securities and such Participating
Investor's intended method of distribution and any other representation required
by law.
(c) Holdback Agreements. The Company agrees (x) if so
required by the Managing Underwriter, not to sell, make any short sale of, loan,
grant any option for the purchase of, effect any public sale or distribution of
or otherwise dispose of its Common Stock or securities convertible into or
exchangeable or exercisable for any of such Common Stock during the seven days
prior to and the 90 days after any underwritten registration pursuant to Section
2.1 or 2.2 has become effective, except as part of such underwritten
registration and except pursuant to registrations on Form X-0, X-0, or any
successor or similar forms thereto and (y) if so requested by the Managing
Underwriter, use reasonable efforts to cause each holder (other than a
Participating Investor) of its Common Stock or any securities convertible into
or exchangeable or exercisable for any of such Common Stock, in each case
purchased from the Company at any time after the date of this Agreement (other
than (i) in a public offering or (ii) where such purchase is covered by a
registration statement on Form X-0, X-0 or any successor or similar forms) to
agree not to sell, make any short sale of, loan, grant any option for the
purchase of, effect any public sale or distribution of or otherwise dispose of
such securities during such period except as part of such underwritten
registration. Each Investor agrees if so required by the Managing Underwriter,
not to sell, make any short sale of, loan, grant any option for the purchase of,
effect any public sale or distribution of or otherwise dispose of Common Stock
or securities convertible into or exchangeable or exercisable for any of such
Common Stock (other than (i) in a public offering or (ii) where such purchase is
covered by a registration statement on Form X-0, X-0 or any successor or similar
forms) during the seven days prior to and the 90 days after any underwritten
registration pursuant to Section 2.1 or 2.2 has become effective, except as part
9
of such underwritten registration; if such request is made, the Company may
impose, during that period, appropriate stop-transfer instructions on such
securities.
(d) Participation in Underwritten Offerings. No Person
other than the Company may participate in any underwritten offering hereunder
unless such Person (i) agrees to sell such Person's securities on the basis
provided in any underwriting arrangements approved, subject to the terms and
conditions hereof, by Participating Investors holding a majority of the
Registrable Securities to be included in such offering and (ii) completes and
executes all questionnaires, indemnities, underwriting agreements and other
documents (other than powers of attorney) required under the terms of such
underwriting arrangements. Notwithstanding the foregoing, no underwriting
agreement (or other agreement in connection with such offering) shall require a
Participating Investor to make any representations or warranties to or
agreements with the Company or the underwriters other than representations and
warranties contained in a writing furnished by such holder expressly for use in
the related registration statement or agreements regarding such Participating
Investor, such Participating Investor's Registrable Securities and such
Participating Investor's intended method of distribution and any other
representation required by law.
2.5 Preparation. In connection with the preparation and
filing of each registration statement under the Securities Act pursuant to this
Agreement, the Company will give any Participating Investor, its underwriters,
if any, and their counsel and accountants, the opportunity to participate in the
preparation of such registration statement, each prospectus included therein or
filed with the Commission, and, to the extent practicable, each amendment
thereof or supplement thereto.
2.6 Indemnification.
(a) Indemnification by the Company. In the event of any
registration of any securities of the Company under the Securities Act, the
Company will, and hereby does agree to, indemnify and hold harmless in the case
of any registration statement filed pursuant to Section 2.1 or in which
Registrable Securities are included pursuant to Section 2.2, a Participating
Investor, its directors and officers, each other Person who participates as an
underwriter in the offering or sale of such securities and each other Person, if
any, who controls such Participating Investor or any such underwriter within the
meaning of the Securities Act, against any losses, claims, damages, expenses or
liabilities, joint or several, to which such Participating Investor or any such
director or officer or underwriter or controlling person may become subject
under the Securities Act or otherwise, insofar as such losses, claims, damages,
expenses or liabilities (or actions or proceedings, whether commenced or
threatened, in respect thereof) arise out of or are based upon any untrue
statement or alleged untrue statement of any material fact contained in any
registration statement under which such securities were registered under the
Securities Act, any preliminary prospectus, final prospectus or summary
prospectus contained therein, or any amendment or supplement thereto, or any
omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading, and
the Company will reimburse each such Participating Investor and each such
director, officer, underwriter and controlling person for any legal or any other
expenses reasonably incurred by them in connection with investigating or
preparing to defend or defending against or appearing as third party witness in
connection with any such loss, claim, liability, action or proceeding as such
10
expenses are incurred, provided that the Company shall not be liable in any such
case to the extent that any such loss, claim, damage, liability (or action or
proceeding in respect thereof) or expense arises out of or is based upon an
untrue statement or alleged untrue statement or omission or alleged omission
made in such registration statement, any such preliminary prospectus, final
prospectus, summary prospectus, or any amendment or supplement thereto in
reliance upon and in conformity with written information furnished to the
Company through an instrument duly executed by a Participating Investor
specifically stating that it is for use in the preparation thereof and, provided
further that the Company shall not be liable to any Person who participates as
an underwriter in the offering or sale of Registrable Securities or to any other
Person if any, who controls such underwriter within the meaning of the
Securities Act, in any such case to the extent that any such loss, claim,
damage, liability (or action or proceeding in respect thereof) or expense arises
out of such Person's failure to send or give a copy of the final prospectus, as
the same may be then supplemented or amended, within the time required by the
Securities Act to the Person asserting the existence of an untrue statement or
alleged untrue statement or omission or alleged omission at or prior to the
written confirmation of the sale of Registrable Securities to such Person if
such statement or omission was corrected in such final prospectus. Such
indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of a Participating Investor or any such director, officer,
underwriter or controlling person and shall survive the transfer of such
securities by any Participating Investor.
(b) Indemnification by Investor. In connection with
including any Registrable Securities in any registration statement filed
pursuant to Section 2.1 or as in which Registrable Securities are included
pursuant to Section 2.2, each Participating Investor, severally and not jointly,
will, and hereby does agree to, indemnify and hold harmless the Company (in the
same manner and to the same extent as set forth in subdivision (a) of this
Section 2.6), each director of the Company, each officer of the Company and each
other person, if any, who controls the Company within the meaning of the
Securities Act, but only with respect to any untrue statement or alleged untrue
statement in or omission or alleged omission from such registration statement,
any preliminary prospectus, final prospectus or summary prospectus contained
therein, or any amendment or supplement thereto, if such untrue statement or
alleged untrue statement or omission or alleged omission was made in reliance
upon and in conformity with written information furnished to the Company through
an instrument duly executed by such Participating Investor specifically stating
that it is for use in the preparation of such registration statement,
preliminary prospectus, final prospectus, summary prospectus, amendment or
supplement; and, subject to the limitation set forth immediately preceding this
clause, shall reimburse the Company for any legal or other expenses reasonably
incurred by the Company or any such controlling person in connection with
investigating or preparing to defend or defending against or appearing as third
party witness in connection with any such loss, claim, liability, action or
proceeding as such expenses are incurred, provided, that, in no event shall any
indemnity under this Section 2.6(b) exceed the net proceeds from the offering
received by such Participating Investor. Any such indemnity shall remain in full
force and effect, regardless of any investigation made by or on behalf of the
Company or any such director, officer or controlling person and shall survive
the transfer of such securities by Investor.
(c) Notices of Claims. etc. Promptly after receipt by an
indemnified party of notice of the commencement of any action or proceeding
involving a claim referred to in the preceding subdivisions of this Section 2.6,
such indemnified party will, if a claim in respect thereof is to be made against
11
an indemnifying party, give written notice to the latter of the commencement of
such action, provided that the failure of any indemnified party to give notice
as provided herein shall not relieve the indemnifying party of its obligations
under the preceding subdivisions of this Section 2.6, except to the extent that
the indemnifying party is actually prejudiced by such failure to give notice. In
case any such action is brought against an indemnified party, unless in such
indemnified party's reasonable judgment a conflict of interest between such
indemnified and indemnifying parties may exist in respect of such claim, the
indemnifying party shall be entitled to participate in and to assume the defense
thereof, jointly with any other indemnifying party similarly notified, to the
extent that the indemnifying party may wish, with counsel reasonably
satisfactory to such indemnified party, and after notice from the indemnifying
party to such indemnified party of its election so to assume the defense
thereof, the indemnifying party shall not be liable to such indemnified party
for any legal or other expenses subsequently incurred by the latter in
connection with the defense thereof other than reasonable costs of
investigation, provided, however, that an indemnified party shall have the right
to retain its own counsel, with the reasonable fees and expenses to be paid by
the indemnifying party, if, in the indemnified party's reasonable judgment,
representation of such indemnified party by the counsel retained by the
indemnifying party would be inappropriate due to a conflict of interest between
such indemnified party and any indemnifying party in respect of such claim,
provided in no event will the indemnifying party be liable for the reasonable
fees and expenses of more than on counsel for all indemnified parties. No
indemnifying party shall, without the consent of the indemnified party, consent
to entry of any judgment or enter into any settlement of any such action which
does not include as an unconditional term thereof the giving by the claimant or
plaintiff to such indemnified party of a release from all liability, or a
covenant not to xxx, in respect to such claim or litigation and does not include
a statement as to or an admission of fault, culpability or failure to act by or
on behalf of the indemnified party but if settled or if there is a judgment
entered with its written consent in any such action, the indemnifying party
agrees to indemnify and hold harmless any indemnified party from and against any
loss or liability by reason of such settlement or judgment. No indemnified party
shall consent to entry of any judgment or enter into any settlement of any such
action the defense of which has been assumed by an indemnifying party without
the consent of such indemnifying party but if settled or if there is a judgment
entered with its written consent in any such action, the indemnifying party
agrees to indemnify and hold harmless any indemnified party from and against any
loss or liability by reason of such settlement or judgment.
(d) Other Indemnification. Indemnification similar to that
specified in the preceding subdivisions of this Section 2.6 (with appropriate
modifications) shall be given by the Company and any Participating Investor with
respect to any required registration or other qualification of securities under
any Federal or state law or regulation of any governmental authority, other than
the Securities Act.
(e) Indemnification Payments. The indemnification required
by this Section 2.6 shall be made by periodic payments of the amount thereof
during the course of the investigation or defense, as and when bills are
received or expense, loss, damage or liability is incurred.
(f) Contribution. If the indemnification provided for in
the preceding subdivisions of this Section 2.6 is unavailable to an indemnified
party in respect of any expense, loss, claim, damage or liability referred to
12
therein, then each indemnifying party, in lieu of indemnifying such indemnified
party, shall contribute to the amount paid or payable by such indemnified party
as a result of such expense, loss, claim, damage or liability. In determining
the amount of contribution to which the indemnified party is entitled, there
shall be considered with respect to any Persons involved, the relative fault of
the indemnified and indemnifying parties and the relative intent, knowledge and
access to information concerning the matter with respect to which the claim was
asserted, the opportunity to correct and prevent any statement or omission, and
other equitable considerations appropriate under the circumstances. The
foregoing contribution agreement shall not inure to the benefit of any
indemnified party if indemnification would be unavailable to such indemnified
party by reason of the provisions contained in the provisos of subdivision (a)
of this Section 2.6, and in no event shall the obligation of any indemnifying
party to contribute under this subdivision (f) exceed the amount that such
indemnifying party would have been obligated to pay by way of indemnification if
the indemnification provided for under subdivisions (a) or (b) of this Section
2.6 had been available under the circumstances.
The Company and the Investors agree that it would not be
just and equitable if contribution pursuant to this subdivision (f) were
determined by pro rata allocation (even if a Participating Investor and any
underwriters were treated as one entity for such purpose) or by any other method
of allocation that does not take account of the equitable considerations
referred to in the immediately preceding paragraph. The amount paid or payable
by an indemnified party as a result of the losses, claims, damages, expenses and
liabilities referred to in the immediately preceding paragraph shall be deemed
to include, subject to the limitations set forth in the preceding sentence and
subdivision (c) of this Section 2.6, any legal or other expenses reasonably
incurred by such indemnified party in connection with investigating or defending
any such action or claim.
Notwithstanding the provisions of this subdivision (f),
neither a Participating Investor nor underwriter shall be required to contribute
any amount in excess of the amount by which (i) in the case of a Participating
Investor, the net proceeds received from the sale of Registrable Securities or
(ii) in the case of an underwriter, the total price at which the Registrable
Securities purchased by it and distributed to the public were offered to the
public exceeds, in any such case, the amount of any damages that a Participating
Investor or such underwriter has otherwise been required to pay by reason of
such untrue or alleged untrue statement or omission or alleged omission. No
Person guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) shall be entitled to contribution from any person
who was not guilty of such fraudulent misrepresentation.
2.7 Adjustments Affecting Registrable Securities. The
Company will not effect or permit to occur any combination or subdivision of
shares which would adversely affect the ability of the holders of Registrable
Securities to include such Registrable Securities in any registration of its
securities contemplated by this Section 2 or the marketability of such
Registrable Securities under any such registration.
3. Definitions. As used herein, unless the context otherwise requires, the
following terms have the following respective meanings:
13
Agreement. As defined in the introductory paragraph of this
Agreement.
Blackout Period. As defined in Section 2.1(g).
Commission: The Securities and Exchange Commission or any
other Federal agency at the time administering the Securities Act.
Common Stock: As defined in Section 1.
Company: As defined in the introductory paragraph of this
Agreement.
Effective Date: As defined in Section 1.
Exchange Act: The Securities Exchange Act of 1934, or any
similar Federal statute, and the rules and regulations of the Commission
thereunder, all as the same shall be in effect at the time. Reference to a
particular section of the Securities Exchange Act of 1934 shall include a
reference to the comparable section, if any, of any such similar Federal
statute.
Inspector. As defined in Section 2.3.
Investor(s). As defined in the introductory paragraph of
this Agreement and any permitted assignee thereof pursuant to Section 8 hereof.
Managing Underwriters: Any investment banker or investment
bankers and manager or managers that administer the offering of Registrable
Securities covered by any registration statement.
Person: A corporation, an association, a partnership, a
limited partnership, trust or other entity, an organization, business, an
individual, a governmental or political subdivision thereof or a governmental
agency.
Plan: As defined in Section 1.
Records. As defined in Section 2.3.
Registrable Securities: Any shares of Common Stock issued
to any Investor pursuant to the Plan and any securities issued, or issuable upon
the conversion or exercise of any warrant, right, option or other convertible
security which is issued, with respect to any Common Stock referred to above by
way of stock dividend or other distribution or stock split or in connection with
a combination of shares, recapitalization, merger, consolidation or other
reorganization. As to any particular Registrable Securities, once issued such
securities shall cease to be Registrable Securities when (a) a registration
statement with respect to the sale of such securities shall have become
effective under the Securities Act and such securities shall have been disposed
of in accordance with such registration statement, (b) they shall have been
disposed of (1) pursuant to Rule 144 (or any successor provision) under the
Securities Act or (2) pursuant to another exemption from the registration
requirements of Securities Act pursuant to which the securities are freely
tradable without restrictions under the Securities Act, (c) they shall have been
otherwise transferred, new certificates for them not bearing a legend
14
restricting further transfer shall have been delivered by the Company and
subsequent disposition of them shall not require registration or qualification
of them under the Securities Act or any similar state law then in force, (d)
they may be disposed of pursuant to Rule 144 (or any successor provision) under
the Securities Act within the volume limitations thereunder within a three month
period, provided that at the time of determination the Common Stock is listed on
a national securities exchange or Nasdaq, (e) they shall be sold by the
applicable Investor to the public pursuant to Section 1145 of title 11 of the
United States Code, as amended, or (f) they shall have ceased to be outstanding.
Notwithstanding anything herein to the contrary, the registration rights granted
hereunder shall terminate as to each Investor and with respect to such
securities upon the date that such Common Stock is no longer Registrable
Securities.
Registration Expenses: All expenses incident to the
Company's performance of or compliance with Section 2, including, without
limitation, all registration, filing and NASD fees, all stock exchange listing
fees, all fees and expenses of complying with securities or blue sky laws, all
word processing, duplicating and printing expenses, messenger and delivery
expenses, the fees and disbursements of counsel for the Company and of its
independent public accountants, including the expenses of any special audits or
"cold comfort" letters required by or incident to such performance and
compliance, the reasonable fees and disbursements of one (1) counsel
representing all Investors and accountants retained by all Investors, premiums
and other costs of policies of insurance against liabilities arising out of the
public offering of the Registrable Securities being registered and any fees and
disbursements of underwriters customarily paid by issuers or sellers of
securities, but excluding underwriting discounts and commissions and transfer
taxes, if any, provided that, in any case where Registration Expenses are not to
be borne by the Company, such expenses shall not include salaries of Company
personnel or general overhead expenses of the Company, auditing fees, premiums
or other expenses relating to liability insurance required by underwriters of
the Company or other expenses for the preparation of financial statements or
other data normally prepared by the Company in the ordinary course of its
business or which the Company would have incurred in any event. The fees and
disbursements of each counsel, accountant or other Person retained by or on
behalf any Investor are not to be Registration Expenses borne by the Company.
Securities Act: The Securities Act of 1933, or any similar
Federal statute, and the rules and regulations of the Commission thereunder, all
as of the same shall be in effect at the time. References to a particular
section of the Securities Act of 1933 shall include a reference to the
comparable section, if any, of any such similar Federal statute.
4. Rule 144 Information. The Company shall use its reasonable best efforts to
file in a timely manner the reports required to be filed by it under the
Securities Act and the Exchange Act (including but not limited to the reports
under sections 13 and 15(d) of the Exchange Act referred to in subparagraph (c)
of Rule 144 adopted by the Commission under the Securities Act) and the rules
and regulations adopted by the Commission thereunder and will take such further
action as such Investor may reasonably request, all to the extent required from
time to time to enable such Participating Investor to sell Registrable
Securities without registration under the Securities Act within the limitation
of the exemptions provided by (a) Rule 144 and 144A under the Securities Act, as
such Rules may be amended from time to time, or (b) any similar rule or
regulation hereafter adopted by the Commission. Upon the request of any
15
Investor, the Company will deliver to such Investor a written statement as to
whether it has complied with the requirements of this Section 4.
5. Amendments and Waivers. The provisions of this Agreement may be amended,
modified or supplemented, and waivers or consents to departures from the
provisions hereof may be given, only pursuant to an agreement among the Company
and Investors holding at least a majority of the Registrable Securities affected
by such amendment, modification, supplement, waiver or consent. Investors shall
be bound by any consent authorized by this Section 5 whether or not such
Investors shall have given such their consent. No failure or delay by any party
in exercising any right, power or privilege hereunder shall operate as a waiver
thereof nor shall any single or partial exercise thereof preclude any other or
further exercise of any other right, power or privilege.
6. Nominees for Beneficial Owners. In the event that any Registrable Securities
are held by a nominee for the beneficial owner thereof, the beneficial owner
thereof may, at its election, be treated as the holder of such Registrable
Securities for purposes of any request or other action by any holder or holders
of Registrable Securities pursuant to this Agreement or any determination of any
number or percentage of shares of Registrable Securities held by any holder or
holders of Registrable Securities contemplated by this Agreement. If the
beneficial owner of any Registrable Securities so elects, the Company may
require assurances reasonably satisfactory to it of such owner's beneficial
ownership of such Registrable Securities.
7. Notices. Except as otherwise provided in this Agreement, all notices,
requests and other communications to any Person provided for hereunder shall be
in writing and shall be given to such Person (a) in the case of the Company or
an Investor, addressed in the manner set forth below (or at such other address
for a party as shall be specified in a notice given in accordance with this
Section), or (b) in the case of any other Person, at the address that such
Person shall have furnished to the Company in writing.
If to the Company:
Xxxxxxxx Xxxxx, Inc.
0000 Xxxx Xxxxxx Xxxxxx
Xxxxxxxxxx, Xxxxx Xxxxxxxx 00000
Attn: General Counsel
with a copy to:
Weil, Gotshal & Xxxxxx LLP
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxxx X. Xxxxxx, Esq.
If to the Investors:
As specified on the signature page hereto.
16
Each such notice, request or other communication shall be effective (i) if given
by mail, three business days after such communication is deposited in the mails
with first class postage prepaid, addressed as aforesaid or (ii) if given by any
other means (including, without limitation, by air courier), when delivered at
the address specified above.
8. Assignment. This Agreement shall be binding upon and inure to the benefit of
and be enforceable by the parties hereto and their respective successors and
assigns. This Agreement shall not be assigned by any Investor, provided that
Investor shall have the right, upon prior written notice to the Company, to
assign its rights and obligations under the Agreement to a purchaser of
Registrable Securities from such Investor that purchases either (1) the entire
amount of such Investor's initial issuance of Common Stock under the Plan or (2)
a number of shares of Common Stock equal to at least fifteen percent (15%) of
the outstanding shares of Registrable Securities on the Effective Date;
provided, further, however, that no such assignment shall be effective unless
the Company shall have received a written agreement of the assignee to be bound
by the provisions of this Agreement.
9. Descriptive Headings. The descriptive headings of the several sections and
paragraphs of this Agreement are inserted for reference only and shall not limit
or otherwise affect the meaning hereof.
10. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE
WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAWS OF THE STATE
OF NEW YORK WITHOUT REFERENCE TO THE PRINCIPLES OF CONFLICTS OF LAWS. THE
PARTIES HERETO WAIVE THEIR RIGHT TO A JURY TRIAL WITH RESPECT TO DISPUTES
HEREUNDER.
11. Counterparts. This Agreement may be executed simultaneously in any number of
counterparts, manually or by facsimile, each of which shall be deemed an
original, but all such counterparts shall together constitute one and the same
instrument.
12. Entire Agreement. This Agreement embodies the entire agreement and
understanding between the Company and the Investors relating to the subject
matter hereof and supersedes all prior agreements and understandings relating to
such subject matter.
13. SUBMISSION TO JURISDICTION. ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO
THIS AGREEMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR THE
UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY
EXECUTION AND DELIVERY OF THIS AGREEMENT, THE COMPANY AND EACH INVESTOR EACH
HEREBY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND
UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS AND APPELLATE COURTS
FROM ANY THEREOF. EACH OF THE COMPANY AND EACH INVESTOR HEREBY IRREVOCABLY
CONSENT TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY
ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF TO THE COMPANY OR THE
INVESTOR BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, RETURN RECEIPT
REQUESTED, TO SUCH PARTY AT ITS ADDRESS SPECIFIED IN SECTION 7. THE PARTIES
17
HEREBY IRREVOCABLY WAIVE ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY
OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON
CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH
ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS.
14. Severability. If any provision of this Agreement, or the application of such
provisions to any Person or circumstance, shall be held invalid, illegal or
unenforceable, the remainder of this Agreement, or the application of such
provision to Persons or circumstances other than those to which it is held
invalid, illegal or unenforceable, shall not be affected thereby. Upon such
determination that any term or other provision is invalid, illegal or incapable
of being enforced, the parties hereto shall negotiate in good faith to modify
this Agreement so as to effect the original intent of the parties as closely as
possible in a mutually acceptable manner in order that the transactions set
forth in this Agreement be consummated as originally contemplated to the fullest
extent possible.
15. No Inconsistent Agreements. The Company has not, as of the date hereof,
entered into, nor shall it, on or after the date hereof, enter into, any
agreement with respect to its securities that is inconsistent with the rights
granted to the Investors herein or otherwise conflicts with the provisions
hereof.
16. Confidentiality. Each Investor will, and will cause its respective officers,
directors, employees, legal counsel, accountants, financial advisors and other
representatives to, (a) hold in confidence any material nonpublic information
received by it and them pursuant to this Agreement, including without
limitation, any notice from the Company pursuant to Section 2.1(g)(iii) and any
information included in any registration statement or prospectus proposed to be
filed with the Securities and Exchange Commission and (b) not to use any such
nonpublic information for their benefit or in any way detrimental to the
Company. Each Investor agrees that irreparable damage would occur in the event
that this provision was not performed in accordance with the terms hereof and
that the Company will be entitled to specific performance of the terms hereof in
addition to any other remedy at law or equity.
18
IN WITNESS WHEREOF, the parties have caused this Agreement
to be executed and delivered by their respective officers thereunto duly
authorized as of the date first above written.
XXXXXXXX XXXXX, INC.
By /s/ Xxxxxx X. Xxxxx, Xx.
----------------------------------------------------
Name: Xxxxxx X. Xxxxx, Xx.
Title: General Counsel
INVESTORS:
WACHOVIA BANK, NATIONAL ASOCIATION
By /s/ Xxxxxxx XxXxxxxx
----------------------------------------------------
Name: Xxxxxxx XxXxxxxx
Title: Director
Address for Notice: 000 X. Xxxxxxx Xxxxxx
Xxxxxxxxx, X.X. 00000
19
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
By /s/ Xxxx X. Xxxxx
---------------------------------------------------
Name: Xxxx X. Xxxxx
Title: Vice President
Address for Notice: x/x Xxxxxxx Xxxx
Law Department
0 Xxxxxxx Xxxxxx, 00xx Xxxxx
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000-00000
20
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
By /s/ Xxxxxxx X. XxXxxxxx
---------------------------------------------------
Name: Xxxxxxx X. XxXxxxxx
Title: Managing Director
Address for Notice: c/o Xxxxx X. Xxxxxx & Co., Inc.
0000 Xxxx Xxxxxx, Xxxxx 0000
Xxxxxxxxxxx, XX 00000
Attn: Xxxxxx X. Xxxx
21
C.M. LIFE INSURANCE COMPANY
By /s/ Xxxxxxx X. XxXxxxxx
---------------------------------------------------
Name: Xxxxxxx X. XxXxxxxx
Title: Managing Director
Address for Notice: c/o Xxxxx X. Xxxxxx & Co., Inc.
0000 Xxxx Xxxxxx, Xxxxx 0000
Xxxxxxxxxxx, XX 00000
Attn: Xxxxxx X. Xxxx
22
PW WILLOW FUND LLC
By /s/ Xxx X. Xxx
---------------------------------------------------
Name: Xxx X. Xxx
Title: Managing Member
Address for Notice: x/x Xxxx Xxxxxx Capital
000 Xxxxxxxx Xxxxxx
Xxxxxxxxx Xxxxxx, XX 00000
23
XXXX XXXXX STRATEGIC INVESTMENTS, L.P.
By /s/ Xxxxx X. Xxxxxx
---------------------------------------------------
Name: Xxxxx X. Xxxxxx
Title: General Partner
Address for Notice: 000 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
XXXX XXXXX STRATEGIC INVESTMENTS III, L.P.
By /s/ Xxxxx X. Xxxxxx
---------------------------------------------------
Name: Xxxxx X. Xxxxxx
Title: General Partner
Address for Notice: 000 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
24
BANK ONE, NA
By /s/ C. Xxxxxx Xxxxxx
---------------------------------------------------
Name: C. Xxxxxx Xxxxxx
Title: First Vice President
Address for Notice: 0000 Xxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx, XX 00000
25
GE CAPITAL CFE, INC.
By /s/ Xxxxxxx Xxxxx
---------------------------------------------------
Name: Xxxxxxx Xxxxx
Title: Duly Authorized Signatory
Address for Notice: 000 Xxxx Xxxxx Xxxx
Xxxxxxxx, XX 00000
26
