REGISTRATION RIGHTS AGREEMENT
Exhibit 4.7
EXECUTION VERSION
This REGISTRATION RIGHTS AGREEMENT dated October 4, 2010 (the “Agreement”) is entered
into by and among Roadhouse Financing Inc., a Delaware corporation (“Finance Co”),
Roadhouse Merger Inc., a Delaware corporation (“Merger Co”), and X.X. Xxxxxx Securities LLC
(“X.X. Xxxxxx”) and Credit Suisse Securities (USA) LLC (“Credit Suisse” and,
together with X.X. Xxxxxx, the “Initial Purchasers”).
Finance Co, Merger Co and the Initial Purchasers are parties to the Purchase Agreement dated
September 27, 2010 (the “Purchase Agreement”), which provides for the sale by Finance Co to
the Initial Purchasers of $355 million aggregate principal amount of Finance Co’s 10.75% Senior
Secured Notes due 2017 (the “Securities”) which will be guaranteed on a senior secured
basis by Merger Co. As an inducement to the Initial Purchasers to enter into the Purchase
Agreement, Finance Co and Merger Co have agreed to provide to the Initial Purchasers and their
direct and indirect transferees the registration rights set forth in this Agreement. The execution
and delivery of this Agreement is a condition to the closing under the Purchase Agreement.
Merger Co, LRI Holdings (“Holdings”), Roadhouse Parent Inc. and LRI Acquisition, LLC
have entered into an Agreement and Plan of Merger, dated as of August 27, 2010, pursuant to which
Merger Co will be merged with and into Holdings, and as a result Holdings will continue as the
surviving corporation. In addition, Finance Co will be merged with and into Xxxxx’x Roadhouse, Inc.
(“LRI”), (the “Merger”), and as a result LRI will continue as the surviving
corporation and will become a direct, wholly owned subsidiary of Holdings. As a result, LRI shall
assume by operation of law all rights and obligations of Finance Co under this Agreement, and
Holdings shall assume by operation of law all rights and obligations of Merger Co under this
Agreement.
The Securities will be issued by Finance Co and guaranteed on a senior basis by Merger Co.
Upon the entering into of the Supplemental Indenture (as defined below), LRI will assume the
obligations of Finance Co under the Securities, Holdings will assume the obligations of Merger Co
under its Guarantee, and the Securities will be guaranteed on a senior basis, in each case by
Holdings and each of its subsidiaries listed on Schedule 2 to the Purchase Agreement.
Immediately upon consummation of the Merger, LRI and each Additional Guarantor will enter into
a joinder agreement to this Agreement (the “Joinder to the Registration Rights Agreement”),
a form of which is attached hereto as Annex A, pursuant to which it will become a party to this
Agreement.
Notwithstanding anything in this Agreement to the contrary, the representations, warranties
and agreements of each of LRI, Holdings, Xxxxx’x Roadhouse of Kansas, Inc. and Xxxxx’x Roadhouse of
Texas, Inc. contained in
this Agreement shall not become effective until the consummation of the Merger, at which time
such representations, warranties and agreements shall become effective as of the date hereof
pursuant to the terms of the Joinder to the Registration Rights Agreement and thereafter all
representations, warranties, agreements and obligations of the Company and the Guarantors hereunder
shall be joint and several.
In consideration of the foregoing, the parties hereto agree as follows:
1. Definitions. As used in this Agreement, the following terms shall have the
following meanings:
“Finance Co” shall have the meaning set forth in the preamble.
“Additional Guarantor” shall mean Holdings, Xxxxx’x Roadhouse of Kansas, Inc., Xxxxx’x
Roadhouse of Texas, Inc., and any subsidiary of the Company that becomes a guarantor under the
Indenture after the date of this Agreement.
“Business Day” shall mean any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed.
“Company” shall mean Finance Co, and upon consummation of the Merger and LRI’s
entering into of the Joinder to the Registration Rights Agreement, shall mean LRI and shall also
include the LRI’s successors.
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to
time.
“Exchange Dates” shall have the meaning set forth in Section 2(a)(ii) hereof.
“Exchange Offer” shall mean the exchange offer by the Company and the Guarantors of
Exchange Securities for Registrable Securities pursuant to Section 2(a) hereof.
“Exchange Offer Registration” shall mean a registration under the Securities Act
effected pursuant to Section 2(a) hereof.
“Exchange Offer Registration Statement” shall mean an exchange offer registration
statement on Form S-4 (or, if applicable, on another appropriate form) and all amendments and
supplements to such registration statement, in each case including the Prospectus contained therein
or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein.
“Exchange Securities” shall mean senior secured notes issued by the Company and
guaranteed by the Guarantors under the Indenture containing
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terms identical to the Securities (except that the Exchange Securities will not be subject to
restrictions on transfer or to any increase in annual interest rate for failure to comply with this
Agreement) and to be offered to Holders of Registrable Securities in exchange for Securities
pursuant to the Exchange Offer.
“Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405
under the Securities Act) and any communication within the meaning of Rule 425 of the Securities
Act, as applicable, prepared by or on behalf of the Company or used or referred to by the Company
in connection with the sale of the Securities or the Exchange Securities.
“Guarantees” shall mean the guarantees of the Securities and guarantees of the
Exchange Securities by the Guarantors under the Indenture.
“Guarantors” shall mean Merger Co, any Additional Guarantors and any Guarantor’s
successor that Guarantees the Securities.
“Holders” shall mean the Initial Purchasers, for so long as they own any Registrable
Securities, and each of their successors, assigns and direct and indirect transferees who become
owners of Registrable Securities under the Indenture; provided that for purposes of Section 4 and
Section 5 of this Agreement, the term “Holders” shall include Participating Broker-Dealers.
“Holdings” shall have the meaning set forth in the preamble.
“Indemnified Person” shall have the meaning set forth in Section 5(c) hereof.
“Indemnifying Person” shall have the meaning set forth in Section 5(c) hereof.
“Indenture” shall mean the Indenture relating to the Securities dated as of October 4,
2010 among Finance Co, Merger Co, Xxxxx Fargo Bank, National Association, as trustee, and Xxxxx
Fargo Bank, National Association, as collateral agent, as amended by the Supplemental Indenture and
as the same may be amended from time to time in accordance with the terms thereof.
“Initial Purchasers” shall have the meaning set forth in the preamble.
“Inspector” shall have the meaning set forth in Section 3(a)(xiv) hereof.
“Issuer Information” shall have the meaning set forth in Section 5(a) hereof.
“Joinder to the Registration Rights Agreement” shall have the meaning set forth in the
preamble.
“X.X. Xxxxxx” shall have the meaning set forth in the preamble.
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“LRI” shall have the meaning set forth in the preamble.
“Majority Holders” shall mean the Holders of a majority of the aggregate principal
amount of the outstanding Registrable Securities; provided that whenever the consent or approval of
Holders of a specified percentage of Registrable Securities is required hereunder, any Registrable
Securities owned directly or indirectly by the Company or any of its affiliates shall not be
counted in determining whether such consent or approval was given by the Holders of such required
percentage or amount; and provided, further, that if the Company shall issue any additional
Securities under the Indenture prior to consummation of the Exchange Offer or, if applicable, the
effectiveness of any Shelf Registration Statement, such additional Securities and the Registrable
Securities to which this Agreement relates shall be treated together as one class for purposes of
determining whether the consent or approval of Holders of a specified percentage of Registrable
Securities has been obtained.
“Merger Co” shall have the meaning set forth in the preamble.
“Notice and Questionnaire” shall mean a notice of registration statement and selling
security holder questionnaire distributed to a Holder by the Company upon receipt of a Shelf
Request from such Holder.
“Participating Broker-Dealers” shall have the meaning set forth in Section 4(a)
hereof.
“Participating Holder” shall mean any Holder of Registrable Securities that has
returned a completed and signed Notice and Questionnaire to the Company in accordance with Section
2(b) hereof.
“Person” shall mean an individual, partnership, limited liability company,
corporation, trust or unincorporated organization, or a government or agency or political
subdivision thereof.
“Prospectus” shall mean the prospectus included in, or, pursuant to the rules and
regulations of the Securities Act, deemed a part of, a Registration Statement, including any
preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus
supplement, including a prospectus supplement with respect to the terms of the offering of any
portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other
amendments and supplements to such prospectus, and in each case including any document incorporated
by reference therein.
“Purchase Agreement” shall have the meaning set forth in the preamble.
“Registrable Securities” shall mean the Securities; provided that the Securities shall
cease to be Registrable Securities (i) when a Registration Statement with respect to such
Securities has become effective under the Securities Act and such Securities have been exchanged or
disposed of pursuant
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to such Registration Statement, (ii) when such Securities have been sold pursuant to Rule 144
under the Securities Act (or any similar provision then in force, but not Rule 144A) under
circumstances in which any legend borne by the Securities relating to restrictions on
transferability thereof is removed, (iii) when such Securities cease to be outstanding or (iv)
except in the case of Securities that otherwise remain Registrable Securities and that are held by
an Initial Purchaser and that are ineligible to be exchanged in the Exchange Offer, when the
Exchange Offer is consummated.
“Registration Default” shall mean the occurrence of any of the following: (i) the
Exchange Offer is not completed on or prior to the Target Registration Date, (ii) the Shelf
Registration Statement, if required pursuant to Section 2(b)(i) or Section 2(b)(ii) hereof, has not
become effective on or prior to the Target Registration Date, (iii) if the Company receives a Shelf
Request pursuant to Section 2(b)(iii), the Shelf Registration Statement required to be filed
thereby has not become effective by the later of (a) the Target Registration Date and (b) 90 days
after delivery of such Shelf Request or (iv) the Shelf Registration Statement, if required by this
Agreement, has become effective and thereafter either ceases to be effective or the Prospectus
contained therein ceases to be usable, in each case whether or not permitted by this Agreement, at
any time during the Shelf Effectiveness Period, and such failure to remain effective or usable
exists for more than 30 days (whether or not consecutive) in any 12-month period.
“Registration Expenses” shall mean any and all expenses incident to performance of or
compliance by the Company and the Guarantors with this Agreement, including without limitation: (i)
all SEC, stock exchange or Financial Industry Regulatory Authority Inc. registration and filing
fees, (ii) all fees and expenses incurred in connection with compliance with state securities or
blue sky laws (including reasonable fees and disbursements of one counsel for any Underwriters and
one counsel for Holders (which counsel shall be selected by the Holders holding a majority of the
aggregate principal amount of such Exchange Securities or Registrable Securities, as applicable,
held by such Holders) in connection with blue sky qualification of any Exchange Securities or
Registrable Securities), (iii) all expenses of any Persons in preparing or assisting in preparing,
word processing, printing and distributing any Registration Statement, any Prospectus, any Free
Writing Prospectus and any amendments or supplements thereto, any underwriting agreements,
securities sales agreements or other similar agreements and any other documents relating to the
performance of and compliance with this Agreement, (iv) all rating agency fees, (v) all fees and
disbursements relating to the qualification of the Indenture under applicable securities laws, (vi)
the fees and disbursements of the Trustee and its counsel, (vii) the fees and disbursements of
counsel for the Company and the Guarantors and, in the case of a Shelf Registration Statement, the
fees and disbursements of one counsel for all Participating Holders (which counsel shall be
selected by the Participating Holders holding a majority of the aggregate principal amount of
Registrable Securities held by such Participating Holders and which counsel may also be counsel for
the Initial Purchasers) and (viii) the fees
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and disbursements of the independent registered public accountants of the Company and the
Guarantors, including the expenses of any special audits or “comfort” letters required by or
incident to the performance of and compliance with this Agreement, but excluding fees and expenses
of counsel to the Underwriters (other than fees and expenses set forth in clause (ii) above) or any
Holders and underwriting discounts and commissions, brokerage commissions and transfer taxes, if
any, relating to the sale or disposition of Registrable Securities by a Holder.
“Registration Statement” shall mean any registration statement of the Company and the
Guarantors that covers any of the Exchange Securities or Registrable Securities pursuant to the
provisions of this Agreement and all amendments and supplements to any such registration statement,
including post-effective amendments, in each case including the Prospectus contained therein or
deemed a part thereof, all exhibits thereto and any document incorporated by reference therein.
“SEC” shall mean the United States Securities and Exchange Commission.
“Securities” shall have the meaning set forth in the preamble.
“Securities Act” shall mean the Securities Act of 1933, as amended from time to time.
“Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof.
“Shelf Registration” shall mean a registration effected pursuant to Section 2(b)
hereof.
“Shelf Registration Statement” shall mean a “shelf” registration statement of the
Company and the Guarantors that covers all or a portion of the Registrable Securities (but no other
securities unless upon the Company’s request and such request is approved by a majority in
aggregate principal amount of the Participating Holders) on an appropriate form under Rule 415
under the Securities Act, or any similar rule that may be adopted by the SEC, and all amendments
and supplements to such registration statement, including post-effective amendments, in each case
including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any
document incorporated by reference therein.
“Shelf Request” shall have the meaning set forth in Section 2(b) hereof.
“Staff” shall mean the staff of the SEC.
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“Supplemental Indenture” shall mean the supplemental indenture dated October 4, 2010,
entered into by LRI and the guarantors listed in Schedule 2 to the Purchase Agreement.
“Target Registration Date” shall mean the date which is 300 days from October 4, 2010.
“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from time
to time.
“Trustee” shall mean the trustee with respect to the Securities under the Indenture.
“Underwriter” shall have the meaning set forth in Section 3(e) hereof.
“Underwritten Offering” shall mean an offering in which Registrable Securities are
sold to an Underwriter in a firm commitment underwritten offering for reoffering to the public, in
accordance with Section 3(e) hereof.
2. Registration Under the Securities Act. o To the extent not prohibited by any
applicable law or applicable interpretations of the Staff, the Company and the Guarantors shall use
their reasonable best efforts to (i) cause to be filed an Exchange Offer Registration Statement
covering an offer to the Holders to exchange all the Registrable Securities for Exchange Securities
and (ii) have such Registration Statement become and remain effective until 90 days after the last
Exchange Date for use by one or more Participating Broker-Dealers. The Company and the Guarantors
shall commence the Exchange Offer promptly after the Exchange Offer Registration Statement is
declared effective by the SEC and use their reasonable best efforts to complete the Exchange Offer
not later than 60 days after such effective date.
The Company and the Guarantors shall commence the Exchange Offer by mailing the related
Prospectus, appropriate letters of transmittal and other accompanying documents to each Holder
stating, in addition to such other disclosures as are required by applicable law, substantially the
following:
(i) | that the Exchange Offer is being made pursuant to this Agreement and that all Registrable Securities validly tendered and not properly withdrawn will be accepted for exchange; |
(ii) | the dates of acceptance for exchange (which shall be a period of at least 20 Business Days from the date such notice is mailed) (the “Exchange Dates”); |
(iii) | that any Registrable Security not tendered will remain outstanding and continue to accrue interest but will not retain any rights under this Agreement, except as otherwise specified herein; |
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(iv) | that any Holder electing to have a Registrable Security exchanged pursuant to the Exchange Offer will be required to (A) surrender such Registrable Security, together with the appropriate letters of transmittal, to the institution and at the address and in the manner specified in the notice, or (B) effect such exchange otherwise in compliance with the applicable procedures of the depositary for such Registrable Security, in each case prior to the close of business on the last Exchange Date; and |
(v) | that any Holder will be entitled to withdraw its election, not later than the close of business on the last Exchange Date, by (A) sending to the institution and at the address specified in the notice, a telegram, facsimile transmission or letter setting forth the name of such Holder, the principal amount of Registrable Securities delivered for exchange and a statement that such Holder is withdrawing its election to have such Securities exchanged or (B) effecting such withdrawal in compliance with the applicable procedures of the depositary for the Registrable Securities. |
As a condition to participating in the Exchange Offer, a Holder will be required to represent
to the Company and the Guarantors that (i) any Exchange Securities to be received by it will be
acquired in the ordinary course of its business, (ii) at the time of the commencement of the
Exchange Offer it has no arrangement or understanding with any Person to participate in the
distribution (within the meaning of the Securities Act) of the Exchange Securities in violation of
the provisions of the Securities Act, (iii) it is not an “affiliate” (within the meaning of Rule
405 under the Securities Act) of the Company or any Guarantor and (iv) if such Holder is a
broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable
Securities that were acquired as a result of market-making or other trading activities, then such
Holder will deliver a Prospectus (or, to the extent permitted by law, make available a Prospectus
to purchasers) in connection with any resale of such Exchange Securities.
As soon as practicable after the last Exchange Date, the Company and the Guarantors shall:
(i) | accept for exchange Registrable Securities or portions thereof validly tendered and not properly withdrawn pursuant to the Exchange Offer; and |
(ii) | deliver, or cause to be delivered, to the Trustee for cancellation all Registrable Securities or portions thereof so accepted for exchange by the Company and issue, and cause the Trustee to promptly authenticate and deliver to each Holder, Exchange Securities equal in principal amount to the principal amount of the Registrable Securities tendered by such Holder. |
The Company and the Guarantors shall use their reasonable best efforts to complete the
Exchange Offer as provided above and shall comply with the applicable requirements of the
Securities Act, the Exchange Act and other
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applicable laws and regulations in connection with the Exchange Offer. The Exchange Offer
shall not be subject to any conditions, other than that the Exchange Offer does not violate any
applicable law or applicable interpretations of the Staff.
(b) In the event that (i) the Company and the Guarantors determine that the Exchange Offer
Registration provided for in Section 2(a) above is not available or the Exchange Offer may not be
completed as soon as practicable after the last Exchange Date because it would violate any
applicable law, court order or order of any regulatory authority or applicable interpretations of
the Staff, (ii) the Exchange Offer is not for any other reason completed by the Target Registration
Date or (iii) upon receipt of a written request (a “Shelf Request”) from any Initial
Purchaser or Holder representing that it holds Registrable Securities that are or were ineligible
to be exchanged in the Exchange Offer, the Company and the Guarantors shall use their reasonable
best efforts to cause to be filed as soon as practicable after such determination date or Shelf
Request, as the case may be, a Shelf Registration Statement providing for the sale of all the
Registrable Securities by the Holders thereof and to have such Shelf Registration Statement become
effective; provided that no Holder will be entitled to have any Registrable Securities
included in any Shelf Registration Statement, or entitled to use the prospectus forming a part of
such Shelf Registration Statement, until such Holder shall have delivered a completed and signed
Notice and Questionnaire and provided such other information regarding such Holder to the Company
as is contemplated by Section 3(b) hereof.
In the event that the Company and the Guarantors are required to file a Shelf Registration
Statement pursuant to clause (iii) of the preceding sentence, the Company and the Guarantors shall
use their reasonable best efforts to file and have become effective both an Exchange Offer
Registration Statement pursuant to Section 2(a) hereof with respect to all Registrable Securities
and a Shelf Registration Statement (which may be a combined Registration Statement with the
Exchange Offer Registration Statement) with respect to offers and sales of Registrable Securities
held by Participating Holders after completion of the Exchange Offer.
The Company and the Guarantors agree to use their reasonable best efforts to keep the Shelf
Registration Statement continuously effective until the Securities cease to be Registrable
Securities or such shorter period that will terminate when all Registrable Securities have been
sold pursuant to the Shelf Registration Statement (the “Shelf Effectiveness Period”). The
Company and the Guarantors further agree to supplement or amend the Shelf Registration Statement,
the related Prospectus and any Free Writing Prospectus if required by the rules, regulations or
instructions applicable to the registration form used by the Company for such Shelf Registration
Statement or by the Securities Act or by any other rules and regulations thereunder or if
reasonably requested by a Holder of Registrable Securities with respect to information relating to
such Holder, and to use their reasonable best efforts to cause any such amendment to
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become effective, if required, and such Shelf Registration Statement, Prospectus or Free
Writing Prospectus, as the case may be, to become usable as soon as thereafter practicable. The
Company and the Guarantors agree to furnish to the Participating Holders copies of any such
supplement or amendment promptly after its being used or filed with the SEC.
Notwithstanding anything to the contrary in this Agreement, the Company may, upon its good
faith determination that such suspension is necessary and after notice to the Holders of
Registrable Securities that the Shelf Registration Statement (or the Exchange Offer Registration
Statement as it relates to Participating Broker-Dealers intending to use the Registration Statement
for resales of Exchange Securities) is unusable pending a material development, suspend the use of
the Prospectus included in any Shelf Registration Statement (or in the Exchange Offer Registration
Statement as applicable) for a period of time (the “Blackout Period”) not to exceed an
aggregate of 90 days in any twelve month period; provided, that, upon the termination of such
Blackout Period, the Company promptly shall notify the Holders of Registrable Securities that such
Blackout Period has been terminated.
(c) The Company and the Guarantors shall pay all Registration Expenses in connection with any
registration pursuant to Section 2(a) or Section 2(b) hereof. Each Holder shall pay all
underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating
to the sale or disposition of such Holder’s Registrable Securities pursuant to the Shelf
Registration Statement.
(d) An Exchange Offer Registration Statement pursuant to Section 2(a) hereof will not be
deemed to have become effective unless it has been declared effective by the SEC. A Shelf
Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become effective
unless it has been declared effective by the SEC or is automatically effective upon filing with the
SEC as provided by Rule 462 under the Securities Act.
If a Registration Default occurs, the interest rate on the Registrable Securities will be
increased by (i) 0.25% per annum for the first 90-day period beginning on the day immediately
following such Registration Default and (ii) an additional 0.25% per annum with respect to each
subsequent 90-day period, in each case until and including the date such Registration Default ends,
up to a maximum increase of 1.00% per annum. A Registration Default ends when the Securities cease
to be Registrable Securities or, if earlier, (1) in the case of a Registration Default under clause
(i) of the definition thereof, when the Exchange Offer is completed, (2) in the case of a
Registration Default under clause (ii) or clause (iii) of the definition thereof, when the Shelf
Registration Statement becomes effective or (3) in the case of a Registration Default under clause
(iv) of the definition thereof, when the Shelf Registration Statement again becomes effective or
the Prospectus again becomes usable. If at any time more than one Registration Default has
occurred and is continuing, then, until the next date that
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there is no Registration Default, the increase in interest rate provided for by this paragraph
shall apply as if there occurred a single Registration Default that begins on the date that the
earliest such Registration Default occurred and ends on such next date that there is no
Registration Default.
(e) Without limiting the remedies available to the Initial Purchasers and the Holders, the
Company and the Guarantors acknowledge that any failure by the Company or the Guarantors to comply
with their obligations under Section 2(a) and Section 2(b) hereof may result in material
irreparable injury to the Initial Purchasers or the Holders for which there is no adequate remedy
at law, that it will not be possible to measure damages for such injuries precisely and that, in
the event of any such failure, the Initial Purchasers or any Holder may obtain such relief as may
be required to specifically enforce the Company’s and the Guarantors’ obligations under Section
2(a) and Section 2(b) hereof.
3. Registration Procedures. o In connection with their obligations pursuant to
Section 2(a) and Section 2(b) hereof, the Company and the Guarantors shall as expeditiously as
possible:
(i) prepare and file with the SEC a Registration Statement on the appropriate form under the
Securities Act, which form (x) shall be selected by the Company and the Guarantors, (y) shall, in
the case of a Shelf Registration, be available for the sale of the Registrable Securities by the
Holders thereof and (z) shall comply as to form in all material respects with the requirements of
the applicable form and include all financial statements required by the SEC to be filed therewith;
and use their reasonable best efforts to cause such Registration Statement to become effective and
remain effective for the applicable period in accordance with Section 2 hereof;
(ii) prepare and file with the SEC such amendments and post-effective amendments to each
Registration Statement as may be necessary to keep such Registration Statement effective for the
applicable period in accordance with Section 2 hereof and cause each Prospectus to be supplemented
by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424
under the Securities Act; and keep each Prospectus current during the period described in Section
4(3) of and Rule 174 under the Securities Act that is applicable to transactions by brokers or
dealers with respect to the Registrable Securities or Exchange Securities;
(iii) to the extent any Free Writing Prospectus is used, file with the SEC any Free Writing
Prospectus that is required to be filed by the Company or the Guarantors with the SEC in accordance
with the Securities Act and to retain any Free Writing Prospectus not required to be filed;
(iv) in the case of a Shelf Registration, furnish to each Participating Holder, to counsel for
the Initial Purchasers, to one counsel for such Participating Holders (which counsel shall be
selected by such Participating Holders holding a
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majority of the aggregate principal amount of Registrable Securities held by such
Participating Holders) and one counsel to the Underwriters of an Underwritten Offering of
Registrable Securities, if any, without charge, as many copies of each Prospectus, preliminary
prospectus or Free Writing Prospectus, and any amendment or supplement thereto, as such
Participating Holder, counsel or Underwriter may reasonably request in order to facilitate the sale
or other disposition of the Registrable Securities thereunder; and, subject to Section 3(c) hereof,
the Company and the Guarantors consent to the use of such Prospectus, preliminary prospectus or
such Free Writing Prospectus and any amendment or supplement thereto in accordance with applicable
law by each of the Participating Holders and any such Underwriters in connection with the offering
and sale of the Registrable Securities covered by and in the manner described in such Prospectus,
preliminary prospectus or such Free Writing Prospectus or any amendment or supplement thereto in
accordance with applicable law;
(v) use their reasonable best efforts to register or qualify the Registrable Securities under
all applicable state securities or blue sky laws of such jurisdictions as any Participating Holder
shall reasonably request in writing by the time the applicable Registration Statement becomes
effective; cooperate with such Participating Holders in connection with any filings required to be
made with the Financial Industry Regulatory Authority Inc.; and do any and all other acts and
things that may be reasonably necessary or advisable to enable each Participating Holder to
complete the disposition in each such jurisdiction of the Registrable Securities owned by such
Participating Holder; provided that neither the Company nor any Guarantor shall be required
to (1) qualify as a foreign corporation or other entity or as a dealer in securities in any such
jurisdiction where it would not otherwise be required to so qualify, (2) file any general consent
to service of process in any such jurisdiction or (3) subject itself to taxation in any such
jurisdiction if it is not so subject;
(vi) notify counsel for the Initial Purchasers and, in the case of a Shelf Registration,
notify each Participating Holder and one counsel for such Participating Holders (which counsel
shall be selected by such Participating Holders holding a majority of the aggregate principal
amount of Registrable Securities held by such Participating Holders) promptly and, if requested by
any such Participating Holder or counsel, confirm such advice in writing (1) when a Registration
Statement has become effective, when any post-effective amendment thereto has been filed and
becomes effective, when any Free Writing Prospectus has been filed or any amendment or supplement
to the Prospectus or any Free Writing Prospectus has been filed, (2) of any request by the SEC or
any state securities authority for amendments and supplements to a Registration Statement,
Prospectus or any Free Writing Prospectus or for additional information after the Registration
Statement has become effective, (3) of the issuance by the SEC or any state securities authority of
any stop order suspending the effectiveness of a Registration Statement or the initiation of any
proceedings for that purpose, including the receipt by the Company of any notice of objection of
the SEC to the use of a Shelf Registration Statement or any post-
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effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act, (4) if the
Company or any Guarantor receives any notification with respect to the suspension of the
qualification of the Registrable Securities for sale in any jurisdiction or the initiation of any
proceeding for such purpose, (5) of the happening of any event during the period a Registration
Statement is effective that makes any statement made in such Registration Statement or the related
Prospectus or any Free Writing Prospectus untrue in any material respect or that requires the
making of any changes in such Registration Statement or Prospectus or any Free Writing Prospectus
in order to make the statements therein not misleading and (6) of any determination by the Company
or any Guarantor that a post-effective amendment to a Registration Statement or any amendment or
supplement to the Prospectus or any Free Writing Prospectus would be appropriate;
(vii) use their reasonable best efforts to obtain the withdrawal of any order suspending the
effectiveness of a Registration Statement or, in the case of a Shelf Registration, the resolution
of any objection of the SEC pursuant to Rule 401(g)(2) under the Securities Act, including by
filing an amendment to such Registration Statement on the proper form, at the earliest possible
moment and provide prompt notice to each Participating Holder of the withdrawal of any such order
or such resolution;
(viii) in the case of a Shelf Registration, furnish to each Participating Holder, without
charge, at least one conformed copy of each Registration Statement and any post-effective amendment
thereto (without any documents incorporated therein by reference or exhibits thereto, unless
requested);
(ix) in the case of a Shelf Registration, cooperate with the Participating Holders to
facilitate the timely preparation and delivery of certificates representing Registrable Securities
to be sold and not bearing any restrictive legends and enable such Registrable Securities to be
issued in such denominations and registered in such names (consistent with the provisions of the
Indenture) as such Participating Holders may reasonably request at least two Business Days prior to
the closing of any sale of Registrable Securities;
(x) upon the occurrence of any event contemplated by Section 3(a)(vi)(5) hereof, use their
reasonable best efforts to prepare and file with the SEC a supplement or post-effective amendment
to the applicable Exchange Offer Registration Statement or Shelf Registration Statement or the
related Prospectus or any Free Writing Prospectus or any document incorporated therein by reference
or file any other required document so that, as thereafter delivered (or, to the extent permitted
by law, made available) to purchasers of the Registrable Securities, such Prospectus or Free
Writing Prospectus, as the case may be, will not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; and the Company and the Guarantors shall
notify the Participating Holders (in the case of a Shelf
13
Registration Statement) and the Initial Purchasers and any Participating Broker Dealers known
to the Company (in the case of an Exchange Offer Registration Statement) to suspend use of the
Prospectus or any Free Writing Prospectus as promptly as practicable after the occurrence of such
an event, and such Participating Holders, such Participating Broker Dealers and the Initial
Purchasers, as applicable, hereby agree to suspend use of the Prospectus or any Free Writing
Prospectus, as the case may be, until the Company and the Guarantors have amended or supplemented
the Prospectus or the Free Writing Prospectus, as the case may be, to correct such misstatement or
omission;
(xi) a reasonable time prior to the filing of any Registration Statement, any Prospectus, any
Free Writing Prospectus, any amendment to a Registration Statement or amendment or supplement to a
Prospectus or a Free Writing Prospectus or of any document that is to be incorporated by reference
into a Shelf Registration Statement, a Prospectus or a Free Writing Prospectus after initial filing
of a Shelf Registration Statement (other than such annual reports and quarterly reports as
prescribed by Section 13(a) or 15(d) of the Exchange Act), provide copies of such document to the
Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, to the
Participating Holders and their counsel); and the Company and the Guarantors shall not, at any time
after initial filing of a Registration Statement, use or file any Prospectus, any Free Writing
Prospectus, any amendment of or supplement to a Registration Statement or a Prospectus or a Free
Writing Prospectus, or any document that is to be incorporated by reference into a Shelf
Registration Statement, a Prospectus or a Free Writing Prospectus (other than such annual reports
and quarterly reports as prescribed by Section 13(a) or 15(d) of the Exchange Act), of which the
Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, the
Participating Holders and their counsel) shall not have previously been notified and furnished a
copy;
(xii) obtain a CUSIP number for all Exchange Securities or Registrable Securities, as the case
may be, not later than the initial effective date of a Registration Statement;
(xiii) cause the Indenture to be qualified under the Trust Indenture Act in connection with
the registration of the Exchange Securities or Registrable Securities, as the case may be;
cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be
required for the Indenture to be so qualified in accordance with the terms of the Trust Indenture
Act; and execute, and use their reasonable best efforts to cause the Trustee to execute, all
documents as may be required to effect such changes and all other forms and documents required to
be filed with the SEC to enable the Indenture to be so qualified in a timely manner;
(xiv) in the case of a Shelf Registration, make available for inspection by a representative
of the Participating Holders (an “Inspector”), any Underwriter participating in any
disposition pursuant to such Shelf Registration Statement,
14
one counsel and one accounting firm designated by a majority in aggregate principal amount of
the Participating Holders and one counsel and one accounting firm designated by such Underwriter,
at reasonable times and in a reasonable manner, all pertinent financial and other records,
documents and properties of the Company and its subsidiaries as shall be reasonably necessary to
enable them to exercise any applicable due diligence responsibilities, and cause the respective
officers, directors and employees of the Company and the Guarantors to supply all information
reasonably requested by any such Inspector, Underwriter, attorney or accountant in connection with
a Shelf Registration Statement in connection with the exercise of their due diligence
responsibilities; provided that each Person receiving such information shall take such
actions as are reasonably necessary to protect the confidentiality of such information to the
extent such action is otherwise not inconsistent with, an impairment of or in derogation of the
rights and interests of any Inspector, Holder or Underwriter);
(xv) in the case of a Shelf Registration, use their reasonable best efforts to cause all
Registrable Securities to be listed on any securities exchange or any automated quotation system on
which similar securities issued or guaranteed by the Company or any Guarantor are then listed if
requested by the Majority Holders, to the extent such Registrable Securities satisfy applicable
listing requirements;
(xvi) if reasonably requested by any Participating Holder, promptly include in a Prospectus
supplement or post-effective amendment such information with respect to such Participating Holder
as such Participating Holder reasonably requests to be included therein and make all required
filings of such Prospectus supplement or such post-effective amendment as soon as the Company has
received notification of the matters to be so included in such filing;
(xvii) in the case of a Shelf Registration, enter into such customary agreements and take all
such other actions in connection with an Underwritten Offering (including those requested by the
Holders of a majority in principal amount of the Registrable Securities covered by the Shelf
Registration Statement) in order to expedite or facilitate the disposition of such Registrable
Securities in such Underwritten Offering in accordance with Section 3(e) hereof and in such
connection, (1) to the extent possible, make such representations and warranties to the
Participating Holders and any Underwriters of such Registrable Securities with respect to the
business of the Company and its subsidiaries and the Registration Statement, Prospectus, any Free
Writing Prospectus and documents incorporated by reference or deemed incorporated by reference, if
any, in each case, in form, substance and scope as are customarily made by issuers to underwriters
in underwritten offerings and confirm the same if and when requested, (2) obtain opinions of
counsel to the Company and the Guarantors (which counsel and opinions, in form, scope and
substance, shall be reasonably satisfactory to the Participating Holders and such Underwriters and
their respective counsel) addressed to each Participating Holder and Underwriter of Registrable
Securities, covering the matters
15
customarily covered in opinions requested in underwritten offerings (to the extent permitted
by applicable professional standards), (3) obtain “comfort” letters from the independent registered
public accountants of the Company and the Guarantors (and, if necessary, any other registered
public accountant of any subsidiary of the Company or any Guarantor, or of any business acquired by
the Company or any Guarantor for which financial statements and financial data are or are required
to be included in the Registration Statement) addressed to each Participating Holder (to the extent
permitted by applicable professional standards) and Underwriter of Registrable Securities, such
letters to be in customary form and covering matters of the type customarily covered in “comfort”
letters in connection with underwritten offerings, including but not limited to financial
information contained in any preliminary prospectus, Prospectus or Free Writing Prospectus and (4)
deliver such documents and certificates as may be reasonably requested by the Holders of a majority
in principal amount of the Registrable Securities being sold or the Underwriters, and which are
customarily delivered in underwritten offerings, to evidence the continued validity of the
representations and warranties of the Company and the Guarantors made pursuant to clause (1) above
and to evidence compliance with any customary conditions contained in an underwriting agreement;
and
(xviii) (a) immediately upon consummation of the Merger, LRI, Holdings, Xxxxx’x Roadhouse of
Kansas, Inc. and Xxxxx’x Roadhouse of Texas, Inc. enter into the Joinder to the Registration Rights
Agreement in the form attached as Annex A hereto and (b) so long as any Registrable Securities
remain outstanding, cause each other Additional Guarantor upon becoming a guarantor under the
Indenture, to execute a counterpart to this Agreement in the form attached hereto as Annex B and to
deliver such counterpart to the Initial Purchasers no later than five Business Days following the
execution thereof.
(b) In the case of a Shelf Registration Statement, the Company may require each Holder of
Registrable Securities to furnish to the Company a Notice and Questionnaire and such other
information regarding such Holder and the proposed disposition by such Holder of such Registrable
Securities as the Company and the Guarantors may from time to time reasonably request in writing.
The Company may exclude from such registration the Registrable Securities of any Holder so long as
such Holder fails to furnish such information within a reasonable time after receiving such
request. Each Holder as to which any Shelf Registration is being effected agrees to furnish
promptly to the Company all information required to be disclosed in order to make the information
previously furnished to the Company by such Holder not materially misleading.
(c) Each Holder and each Participating Broker-Dealer intending to use the Prospectus included
in the Registration Statement for resales of Exchange Securities agrees that, upon receipt of any
notice from the Company and the Guarantors of (i) the commencement of a Blackout Period or (ii) the
happening of any event of the kind described in Section 3(a)(vi)(3) or Section 3(a)(vi)(5)
16
hereof, such Holder will forthwith discontinue disposition of Registrable Securities pursuant
to the Shelf Registration Statement until (x) in the case of preceding clause (i), receipt of
notice from the Company that the Blackout Period has ended or (y) in the case of preceding clause
(ii), such Holder’s receipt of the copies of the supplemented or amended Prospectus and any Free
Writing Prospectus contemplated by Section 3(a)(x) hereof and, if so directed by the Company and
the Guarantors, such Person will deliver to the Company and the Guarantors all copies in its
possession, other than permanent file copies then in such Person’s possession, of the Prospectus
and any Free Writing Prospectus covering such Registrable Securities that is current at the time of
receipt of such notice.
(d) If the Company and the Guarantors shall give any notice to suspend the disposition of
Registrable Securities pursuant to a Registration Statement, including such notice described in
clause (c) above, the Company and the Guarantors shall extend the period during which such
Registration Statement shall be maintained effective pursuant to this Agreement by the number of
days during the period from and including the date of the giving of such notice to and including
the date when the Holders of such Registrable Securities shall have received copies of the
supplemented or amended Prospectus or any Free Writing Prospectus necessary to resume such
dispositions.
(e) The Participating Holders who desire to do so may sell such Registrable Securities in an
Underwritten Offering. In any such Underwritten Offering, the investment bank or investment banks
and manager or managers (each an “Underwriter”) that will administer the offering will be
selected by the Holders of a majority in principal amount of the Registrable Securities included in
such offering, subject to the consent of the Company. Such Participating Holders shall be
responsible for all underwriting commissions and discounts in connection therewith. No Holder of
Registrable Securities may participate in any Underwritten Offering hereunder unless such Holder
(a) agrees to sell such Holder’s Registrable Securities on the basis provided in any underwriting
arrangements approved by the Company and such Underwriter(s) and (b) completes and executes all
questionnaires, powers of attorney, indemnities, underwriting agreements and other documents
required under the terms of such underwriting arrangements.
4. Participation of Broker-Dealers in Exchange Offer. o The Staff has taken the
position that any broker-dealer that receives Exchange Securities for its own account in the
Exchange Offer in exchange for Securities that were acquired by such broker-dealer as a result of
market-making or other trading activities (a “Participating Broker-Dealer”) may be deemed
to be an “underwriter” within the meaning of the Securities Act and must deliver a prospectus
meeting the requirements of the Securities Act in connection with any resale of such Exchange
Securities.
17
The Company and the Guarantors understand that it is the Staff’s position that if the
Prospectus contained in the Exchange Offer Registration Statement includes a plan of distribution
containing a statement to the above effect and the means by which Participating Broker-Dealers may
resell the Exchange Securities, without naming the Participating Broker-Dealers or specifying the
amount of Exchange Securities owned by them, such Prospectus may be delivered by Participating
Broker-Dealers (or, to the extent permitted by law, made available to purchasers) to satisfy their
prospectus delivery obligation under the Securities Act in connection with resales of Exchange
Securities for their own accounts, so long as the Prospectus otherwise meets the requirements of
the Securities Act.
(a) In light of the above, and notwithstanding the other provisions of this Agreement, the
Company and the Guarantors agree to amend or supplement the Prospectus contained in the Exchange
Offer Registration Statement for a period of up to 90 days after the last Exchange Date (as such
period may be extended pursuant to Section 3(d) of this Agreement), in order to expedite or
facilitate the disposition of any Exchange Securities by Participating Broker-Dealers consistent
with the positions of the Staff recited in Section 4(a) above. The Company and the Guarantors
further agree that Participating Broker-Dealers shall be authorized to deliver such Prospectus (or,
to the extent permitted by law, make available) during such period in connection with the resales
contemplated by this Section 4.
(b) The Initial Purchasers shall have no liability to the Company, any Guarantor or any Holder
with respect to any request that they may make pursuant to Section 4(b) of this Agreement.
5. Indemnification and Contribution. o The Company and each Guarantor, jointly and
severally, agree to indemnify and hold harmless each Holder, their respective affiliates, directors
and officers and each Person, if any, who controls any Holder within the meaning of Section 15 of
the Securities Act or Section 20 of the Exchange Act, from and against any and all losses, claims,
damages and liabilities (including, without limitation, legal fees and other expenses reasonably
incurred in connection with any suit, action or proceeding or any claim asserted, as such fees and
expenses are incurred), joint or several, that arise out of, or are based upon, (1) any untrue
statement or alleged untrue statement of a material fact contained in any Registration Statement or
any omission or alleged omission to state therein a material fact required to be stated therein or
necessary in order to make the statements therein not misleading, or (2) any untrue statement or
alleged untrue statement of a material fact contained in any Prospectus or any Free Writing
Prospectus or any “issuer information” (“Issuer Information”) filed or required to be filed
pursuant to Rule 433(d) under the Securities Act (in each case, when taken together with the
related Prospectus), or any omission or alleged omission to state therein a material fact necessary
in order to make the statements therein, in the light of the circumstances under which they were
made, not misleading, in each case except
18
insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any
untrue statement or omission or alleged untrue statement or omission made in reliance upon and in
conformity with any information relating to any Holder furnished to the Company in writing through
any selling Holder expressly for use therein. In connection with any Underwritten Offering
permitted by Section 3(e), the Company and the Guarantors, jointly and severally, will also
indemnify the Underwriters, if any, their respective affiliates and each Person who controls such
Persons (within the meaning of the Securities Act and the Exchange Act) to the same extent as
provided above with respect to the indemnification of the Holders, if requested in connection with
any Registration Statement or any Prospectus or any Free Writing Prospectus or any Issuer
Information (in each case, when taken together with the related Prospectus).
(a) Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Company,
the Guarantors and the other selling Holders, the directors of the Company and the Guarantors, each
officer of the Company and the Guarantors who signed the Registration Statement and each Person, if
any, who controls the Company, the Guarantors, any Initial Purchaser and any other selling Holder
within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to the
same extent as the indemnity set forth in paragraph (a) above, but only with respect to any losses,
claims, damages or liabilities that arise out of, or are based upon, any untrue statement or
omission or alleged untrue statement or omission made in reliance upon and in conformity with any
information relating to such Holder furnished to the Company in writing by such Holder expressly
for use in any Registration Statement, any Prospectus and any Free Writing Prospectus.
(b) If any suit, action, proceeding (including any governmental or regulatory investigation),
claim or demand shall be brought or asserted against any Person in respect of which indemnification
may be sought pursuant to either paragraph (a) or (b) above, such Person (the “Indemnified
Person”) shall promptly notify the Person against whom such indemnification may be sought (the
“Indemnifying Person”) in writing; provided that the failure to notify the
Indemnifying Person shall not relieve it from any liability that it may have under paragraph (a) or
(b) above except to the extent that it has been materially prejudiced (through the forfeiture of
substantive rights or defenses) by such failure; and provided, further, that the
failure to notify the Indemnifying Person shall not relieve it from any liability that it may have
to an Indemnified Person otherwise than under paragraph (a) or (b) above. If any such proceeding
shall be brought or asserted against an Indemnified Person and it shall have notified the
Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory
to the Indemnified Person to represent the Indemnified Person and any others entitled to
indemnification pursuant to this Section 5 that the Indemnifying Person may designate in such
proceeding and shall pay the reasonable fees and expenses of such proceeding and shall pay the
reasonable fees and expenses of such counsel related to such proceeding, as incurred. In any such
proceeding, any Indemnified Person shall have the right to retain its
19
own counsel, but the fees and expenses of such counsel shall be at the expense of such
Indemnified Person unless (i) the Indemnifying Person and the Indemnified Person shall have
mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a reasonable time
to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person
shall have reasonably concluded that there may be legal defenses available to it that are different
from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any
such proceeding (including any impleaded parties) include both the Indemnifying Person and the
Indemnified Person and representation of both parties by the same counsel would be inappropriate
due to actual or potential differing interests between them. It is understood and agreed that the
Indemnifying Person shall not, in connection with any proceeding or related proceeding in the same
jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm (in
addition to any local counsel) for all Indemnified Persons, and that all such fees and expenses
shall be reimbursed as they are reasonably incurred. Any such separate firm (x) for any Initial
Purchaser, its affiliates, directors and officers and any control Persons of such Initial Purchaser
shall be designated in writing by X.X. Xxxxxx, (y) for any Holder, its directors and officers and
any control Persons of such Holder shall be designated in writing by the Majority Holders and (z)
in all other cases shall be designated in writing by the Company. The Indemnifying Person shall
not be liable for any settlement of any proceeding effected without its written consent, but if
settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying
Person agrees to indemnify each Indemnified Person from and against any loss or liability by reason
of such settlement or judgment. No Indemnifying Person shall, without the written consent of the
Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of
which any Indemnified Person is or could have been a party and indemnification could have been
sought hereunder by such Indemnified Person, unless such settlement (A) includes an unconditional
release of such Indemnified Person, in form and substance reasonably satisfactory to such
Indemnified Person, from all liability on claims that are the subject matter of such proceeding and
(B) does not include any statement as to or any admission of fault, culpability or a failure to act
by or on behalf of any Indemnified Person.
(c) If the indemnification provided for in paragraphs (a) or (b) above is unavailable to an
Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities
referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying
such Indemnified Person thereunder, shall contribute to the amount paid or payable by such
Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such
proportion as is appropriate to reflect the relative benefits received by Finance Co and Merger Co
from the offering of the Securities and the Exchange Securities, on the one hand, and by the
Holders from receiving Securities or Exchange Securities registered under the Securities Act, on
the other hand, or (ii) if the allocation provided by clause (i) is not permitted by applicable
law, in such proportion as is appropriate to reflect not only the relative benefits referred to in
20
clause (i) but also the relative fault of the Company and the Guarantors on the one hand and
the Holders on the other in connection with the statements or omissions that resulted in such
losses, claims, damages or liabilities, as well as any other relevant equitable considerations.
The relative fault of the Company and the Guarantors on the one hand and the Holders on the other
shall be determined by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a material fact relates
to information supplied by the Company and the Guarantors or by the Holders and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such
statement or omission. No party shall be liable for contribution under this paragraph (d) except
to the extent and under such circumstances as that party would have been liable for indemnification
under this Section 5 if such indemnification were available under applicable law.
(d) The Company, the Guarantors and the Holders agree that it would not be just and equitable
if contribution pursuant to this Section 5 were determined by pro rata allocation
(even if the Holders 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 paragraph (d)
above. The amount paid or payable by an Indemnified Person as a result of the losses, claims,
damages and liabilities referred to in paragraph (d) above shall be deemed to include, subject to
the limitations set forth above, any legal or other expenses incurred by such Indemnified Person in
connection with any such action or claim. Notwithstanding the provisions of this Section 5, in no
event shall a Holder be required to contribute any amount in excess of the amount by which the
total price at which the Securities or Exchange Securities sold by such Holder exceeds the amount
of any damages that such Holder 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. The Holders’
obligations to contribute pursuant to this Section 5 are several and not joint.
(e) The remedies provided for in this Section 5 are not exclusive and shall not limit any
rights or remedies that may otherwise be available to any Indemnified Person at law or in equity.
(f) The indemnity and contribution provisions contained in this Section 5 shall remain
operative and in full force and effect regardless of (i) any termination of this Agreement, (ii)
any investigation made by or on behalf of the Initial Purchasers or any Holder or any Person
controlling any Initial Purchaser or any Holder, or by or on behalf of the Company or the
Guarantors or the officers or directors of or any Person controlling the Company or the Guarantors,
(iii) acceptance of any of the Exchange Securities and (iv) any sale of Registrable Securities
pursuant to a Shelf Registration Statement.
21
6. General.
(a) No Inconsistent Agreements. The Company and the Guarantors represent, warrant and agree
that (i) the rights granted to the Holders hereunder do not in any way conflict with and are not
inconsistent with the rights granted to the holders of any other outstanding securities issued or
guaranteed by the Company or any Guarantor under any other agreement and (ii) neither the Company
nor any Guarantor has entered into, or on or after the date of this Agreement will enter into, any
agreement that is inconsistent with the rights granted to the Holders of Registrable Securities in
this Agreement or otherwise conflicts with the provisions hereof.
(b) Amendments and Waivers. The provisions of this Agreement, including the provisions of
this sentence, may not be amended, modified or supplemented, and waivers or consents to departures
from the provisions hereof may not be given unless the Company and the Guarantors have obtained the
written consent of Holders of at least a majority in aggregate principal amount of the outstanding
Registrable Securities affected by such amendment, modification, supplement, waiver or consent;
provided that no amendment, modification, supplement, waiver or consent to any departure
from the provisions of Section 5 hereof shall be effective as against any Holder of Registrable
Securities unless consented to in writing by such Holder. Any amendments, modifications,
supplements, waivers or consents pursuant to this Section 6(b) shall be by a writing executed by
each of the parties hereto.
(c) Notices. All notices and other communications provided for or permitted hereunder shall
be made in writing by hand-delivery, registered first-class mail, telecopier, or any courier
guaranteeing overnight delivery (i) if to a Holder, at the most current address given by such
Holder to the Company by means of a notice given in accordance with the provisions of this Section
6(c), which address initially is, with respect to the Initial Purchasers, the address set forth in
the Purchase Agreement; (ii) if to the Company and the Guarantors, initially at the Company’s
address set forth in the Purchase Agreement and thereafter at such other address, notice of which
is given in accordance with the provisions of this Section 6(c); and (iii) to such other persons at
their respective addresses as provided in the Purchase Agreement and thereafter at such other
address, notice of which is given in accordance with the provisions of this Section 6(c). All such
notices and communications shall be deemed to have been duly given: at the time delivered by hand,
if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if
mailed; when receipt is acknowledged, if telecopied; and on the next Business Day if timely
delivered to an air courier guaranteeing overnight delivery. Copies of all such notices, demands
or other communications shall be concurrently delivered by the Person giving the same to the
Trustee, at the address specified in the Indenture.
22
(d) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon
the successors, assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment,
subsequent Holders; provided that nothing herein shall be deemed to permit any assignment,
transfer or other disposition of Registrable Securities in violation of the terms of the Purchase
Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable Securities
in any manner, whether by operation of law or otherwise, such Registrable Securities shall be held
subject to all the terms of this Agreement, and by taking and holding such Registrable Securities
such Person shall be conclusively deemed to have agreed to be bound by and to perform all of the
terms and provisions of this Agreement and such Person shall be entitled to receive the benefits
hereof. The Initial Purchasers (in their capacity as Initial Purchasers) shall have no liability
or obligation to the Company or the Guarantors with respect to any failure by a Holder to comply
with, or any breach by any Holder of, any of the obligations of such Holder under this Agreement.
(e) Third Party Beneficiaries. Each Holder shall be a third party beneficiary to the
agreements made hereunder between the Company and the Guarantors, on the one hand, and the Initial
Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the
extent it deems such enforcement necessary or advisable to protect its rights or the rights of
other Holders hereunder.
(f) Counterparts. This Agreement may be executed in any number of counterparts and by the
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same agreement.
(g) Headings. The headings in this Agreement are for convenience of reference only, are not a
part of this Agreement and shall not limit or otherwise affect the meaning hereof.
(h) Governing Law. This Agreement and any claim, controversy or dispute arising under or
related to this Agreement, shall be governed by and construed in accordance with the laws of the
State of New York.
(i) Entire Agreement; Severability. This Agreement contains the entire agreement between the
parties relating to the subject matter hereof and supersedes all oral statements and prior writings
with respect thereto. If any term, provision, covenant or restriction contained in this Agreement
is held by a court of competent jurisdiction to be invalid, void or unenforceable or against public
policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall
remain in full force and effect and shall in no way be affected, impaired or invalidated. The
Company, the Guarantors and the Initial Purchasers shall endeavor in good faith negotiations to
replace the invalid, void or unenforceable provisions with valid provisions the economic effect of
which
23
comes as close as possible to that of the invalid, void or unenforceable provisions.
24
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above.
ROADHOUSE FINANCING INC. |
||||
By: | /s/ Xxxxxxx de X. Xxxxxxx | |||
Name: | Xxxxxxx de X. Xxxxxxx | |||
Title: | President | |||
ROADHOUSE MERGER INC. |
||||
By: | /s/ Xxxxxxx de X. Xxxxxxx | |||
Name: | Xxxxxxx de X. Xxxxxxx | |||
Title: | President | |||
Confirmed and accepted as of the date first above written:
X.X. XXXXXX SECURITIES LLC
For itself and on behalf of the
several Initial Purchasers
several Initial Purchasers
By:
|
/s/ Xxxxx X. Cherundoco
|
|||
Name: | Xxxxx X. Cherundoco | |||
Title: | Vice President |
25
EXECUTION VERSION
Exhibit A
Form of Joinder to Registration Rights Agreement
___________ __, 2010
X.X. Xxxxxx Securities LLC
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Ladies and Gentlemen:
Reference is made to the Registration Rights Agreement (the “Registration Rights
Agreement”) dated as of October 4, 2010 by and among Roadhouse Financing Inc., a Delaware
corporation (“Finance Co”), Roadhouse Merger Inc., a Delaware corporation (“Merger
Co”), and X.X. Xxxxxx Securities LLC (“X.X. Xxxxxx”) and Credit Suisse Securities (USA)
LLC (“Credit Suisse”) and, together with X.X. Xxxxxx, the (“Initial Purchasers”)
concerning the sale by Finance Co to the Initial Purchasers of $355 million aggregate principal
amount of Finance Co’s 10.75% Senior Secured Notes due 2017 (the “Securities”) which will
be guaranteed on a senior secured basis by Merger Co Capitalized terms used herein but not defined
herein shall have the meanings assigned to such terms in the Registration Rights Agreement.
Xxxxx’x Roadhouse, Inc. (“LRI”) and LRI Holdings, Inc., Xxxxx’x Roadhouse of Kansas, Inc., and
Xxxxx’x Roadhouse of Texas, Inc. (the “Additional Guarantors”) agree that this letter
agreement is being executed and delivered in connection with the issue and sale of the Securities
pursuant to the Purchase Agreement.
1. Joinder of the Successor Company. LRI hereby agrees to become bound by the terms,
conditions and other provisions of the Registration Rights Agreement with all attendant rights,
duties and obligations stated therein, with the same force and effect as if originally named as
“Finance Co” and the “Company” therein and as if such party executed the Registration Rights
Agreement on the date thereof.
2. Joinder of the Guarantors. Each of the Additional Guarantors hereby agrees to
become bound by the terms, conditions and other provisions of the Registration Rights Agreement
with all attendant rights, duties and obligations stated therein, with the same force and effect as
if originally named as an Additional Guarantor therein and as if such party executed the
Registration Rights Agreement on the date thereof.
3. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.
4. Counterparts. This agreement may be executed in any number of counterparts and by
the parties hereto in separate counterparts, each of which when so executed shall be deemed to be
an original and all of which taken together shall constitute one and the same agreement.
5. Amendments. No amendment or waiver of any provision of this letter agreement, nor
any consent or approval to any departure therefrom, shall in any event be effective unless the same
shall be in writing and signed by the parties hereto.
6. Headings. The headings in this letter agreement are for convenience of reference
only and shall not limit or otherwise affect the meaning hereof.
27
If the foregoing is in accordance with your understanding of our agreement, kindly sign and
return to us a counterpart hereof, whereupon this letter agreement will become a binding agreement
among LRI, the Additional Guarantors party hereto and the several Initial Purchasers in accordance
with its terms.
Very truly yours, XXXXX’X ROADHOUSE, INC. |
||||
By: | ||||
Name: | ||||
Title: | ||||
LRI HOLDINGS, INC. |
||||
By: | ||||
Name: | ||||
Title: | ||||
XXXXX’X ROADHOUSE OF KANSAS, INC. |
||||
By: | ||||
Name: | ||||
Title: | ||||
XXXXX’X ROADHOUSE OF TEXAS, INC. |
||||
By: | ||||
Name: | ||||
Title: | ||||
28
EXECUTION VERSION
Annex B
Counterpart to Registration Rights Agreement
The undersigned hereby absolutely, unconditionally and irrevocably agrees as a Guarantor (as
defined in the Registration Rights Agreement, dated as of October 4, 2010 by and among Roadhouse
Financing Inc., a Delaware corporation (“Finance Co”), Roadhouse Merger Inc., a Delaware
corporation (“Merger Co”), and X.X. Xxxxxx Securities LLC, on behalf of itself and the
other Initial Purchasers to be bound by the terms and provisions of such Registration Rights
Agreement.
IN WITNESS WHEREOF, the undersigned has executed this counterpart as of [ ], 2010.
[NAME] |
||||
By: | ||||
NAME: | ||||
Title: | ||||
EXECUTION VERSION
Joinder to Registration Rights Agreement
October 4, 2010
X.X. Xxxxxx Securities LLC
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Ladies and Gentlemen:
Reference is made to the Registration Rights Agreement (the “Registration Rights
Agreement”) dated as of October 4, 2010 by and among Roadhouse Financing Inc., a Delaware
corporation (“Finance Co”), Roadhouse Merger Inc., a Delaware corporation (“Merger
Co”), and X.X. Xxxxxx Securities LLC (“X.X. Xxxxxx”) and Credit Suisse Securities (USA)
LLC (“Credit Suisse”) and, together with X.X. Xxxxxx, the (“Initial Purchasers”)
concerning the sale by Finance Co to the Initial Purchasers of $355 million aggregate principal
amount of Finance Co’s 10.75% Senior Secured Notes due 2017 (the “Securities”) which will
be guaranteed on a senior secured basis by Merger Co Capitalized terms used herein but not defined
herein shall have the meanings assigned to such terms in the Registration Rights Agreement.
Xxxxx’x Roadhouse, Inc. (“LRI”) and LRI Holdings, Inc., Xxxxx’x Roadhouse of Kansas, Inc., and
Xxxxx’x Roadhouse of Texas, Inc. (the “Additional Guarantors”) agree that this letter
agreement is being executed and delivered in connection with the issue and sale of the Securities
pursuant to the Purchase Agreement.
1. Joinder of the Successor Company. LRI hereby agrees to become bound by the terms,
conditions and other provisions of the Registration Rights Agreement with all attendant rights,
duties and obligations stated therein, with the same force and effect as if originally named as
“Finance Co” and the “Company” therein and as if such party executed the Registration Rights
Agreement on the date thereof.
2. Joinder of the Guarantors. Each of the Additional Guarantors hereby agrees to
become bound by the terms, conditions and other provisions of the Registration Rights Agreement
with all attendant rights, duties and obligations stated therein, with the same force and effect as
if originally named as an Additional Guarantor therein and as if such party executed the
Registration Rights Agreement on the date thereof.
3. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.
4. Counterparts. This agreement may be executed in any number of counterparts and by
the parties hereto in separate counterparts, each of which when so
executed shall be deemed to be
an original and all of which taken together shall constitute one and the same agreement.
5. Amendments. No amendment or waiver of any provision of this letter agreement, nor
any consent or approval to any departure therefrom, shall in any event be effective unless the same
shall be in writing and signed by the parties hereto.
6. Headings. The headings in this letter agreement are for convenience of reference
only and shall not limit or otherwise affect the meaning hereof.
If the foregoing is in accordance with your understanding of our agreement, kindly sign and
return to us a counterpart hereof, whereupon this letter agreement will become a binding agreement
among LRI, the Additional Guarantors party hereto and the several Initial Purchasers in accordance
with its terms.
Very truly yours, XXXXX’X ROADHOUSE, INC. |
||||
By: | /s/ Xxxxxx X. Xxxxx | |||
Name: | Xxxxxx X. Xxxxx | |||
Title: | President & CEO | |||
LRI HOLDINGS, INC. |
||||
By: | /s/ Xxx Xxxxxxxxx | |||
Name: | Xxx Xxxxxxxxx | |||
Title: | CFO | |||
XXXXX’X ROADHOUSE OF KANSAS, INC. |
||||
By: | /s/ Xxxxxx Xxxxxx | |||
Name: | Xxxxxx Xxxxxx | |||
Title: | Secretary | |||
XXXXX’X ROADHOUSE OF TEXAS, INC. |
||||
By: | /s/ Xxx Xxxxxxxxx | |||
Name: | Xxx Xxxxxxxxx | |||
Title: | Asst. Treasurer | |||
Joinder
to Registration Rights Agreement