Exhibit 10.42
EXECUTION COPY
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REGISTRATION RIGHTS AGREEMENT
AMONG
HORIZON OFFSHORE, INC.
AND
THE PURCHASERS LISTED ON
THE SIGNATURE PAGES HEREOF
Dated as of March 11, 2004
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TABLE OF CONTENTS
Page
SECTION 1. Definitions.....................................................1
SECTION 2. Registration of Securities by the Company.......................4
SECTION 3. Registration Expenses..........................................11
SECTION 4. Conditions to Registration.....................................12
SECTION 5. Indemnification................................................12
SECTION 6. Exchange Act Registration; Rule 144 Reporting..................15
SECTION 7. Limitation on Registration Rights of Others....................16
SECTION 8. Mergers, etc...................................................17
SECTION 9. Notices, etc...................................................17
SECTION 10. Entire Agreement...............................................17
SECTION 11. Amendments; Waivers and Further Agreements.....................17
SECTION 12. Assignment; Successors and Assigns.............................18
SECTION 13. Severability...................................................18
SECTION 14. Counterparts...................................................19
SECTION 15. Gender; Usage..................................................19
SECTION 16. Governing Law..................................................19
SECTION 17. Survival.......................................................19
SECTION 18. Expenses.......................................................19
SECTION 19. Specific Performance...........................................19
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EXECUTION COPY
REGISTRATION RIGHTS AGREEMENT
THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is made and entered
into as of March 11, 2004 by and among HORIZON OFFSHORE, INC., a Delaware
corporation (the "Company"), and the purchasers listed on the signature pages
hereof (collectively, the "Purchasers").
WITNESSETH:
RECITALS.
A. The Company, Highwood Partners, L.P. and Westgate International, L.P.
have previously entered into a Registration Rights Agreement dated as of
December 4, 1997. Such agreement is being amended as of the date hereof (as
amended from time to time, the "1997 Registration Rights Agreement").
B. Simultaneously herewith, the Purchasers are entering into the Purchase
Agreement (as defined in Section 1), pursuant to which, among other things, the
Purchasers have agreed, upon the terms and subject to the conditions set forth
therein, to purchase the Warrants (as defined in Section 1); and
C. It is a condition precedent to the purchase of the Warrants that the
Company execute and deliver this Agreement; and
D. The Purchasers are unwilling to purchase the Warrants pursuant to the
Purchase Agreement unless they receive the assurances set forth in this
Agreement;
NOW, THEREFORE, in consideration of the recitals, of the Purchasers
proceeding with the consummation of the transactions contemplated by the
Purchase Agreement, and the mutual covenants hereinafter set forth, the parties,
intending to be legally bound, hereby agree as follows:
SECTION 1. Definitions.
(a) Defined Terms. The following terms (whether or not underscored)
when used in this Agreement, including its preamble and recitals, shall, except
where the context otherwise requires, have the following meanings (such meanings
to be equally applicable to the singular and plural forms thereof):
"1997 Registration Rights Agreement" is defined in the recitals.
"Agreement" means this Registration Rights Agreement as in effect on the
date hereof and as hereafter amended, supplemented, restated or otherwise
modified.
"Available Securities" is defined in Section 2(a).
"Business Day" means any day which is neither a Saturday, a Sunday nor a
legal holiday on which banks are authorized or required to be closed in New
York, New York.
"Common Stock" means the Common Stock, par value $1.00 per share, of the
Company.
"Company" is defined in the Preamble.
"Exchange Act" means the Securities Exchange Act of 1934, as amended from
time to time.
"Holders" means, collectively, the registered holders (including,
initially, the Purchasers), from time to time, of Warrant Securities. Whenever
the phrase "Holder of Registrable Securities" or any similar phrase is used
herein, it shall also include any holders of the Warrants.
"Indemnified Person" is defined in Section 5(a).
"Indemnifying Person" is defined in Section 5(c).
"Initial Request" is defined in Section 2(b).
"Initial Requesting Holders" is defined in Section 2(b).
"NASD" means the National Association of Securities Dealers, Inc.
"Person" means any natural person, corporation, partnership, limited
liability company, firm, association, government, governmental agency or any
other entity, whether acting in an individual, fiduciary or other capacity.
"Prospectus" means each prospectus included as part of any Registration
Statement, as amended or supplemented, including each preliminary prospectus and
all material incorporated by reference in such prospectus.
"Purchase Agreement" means the Purchase Agreement, dated of even date
herewith, by and between the Purchasers, the Company, Horizon Vessels, Inc., a
Delaware corporation, Horizon Offshore Contractors, Inc., a Delaware
corporation, Horizon Subsea Services, Inc., a Delaware corporation, Horizon
Vessels International Ltd., a Cayman exempted limited liability company,
HorizEn, LLC, a Delaware limited liability company, ECH Offshore, S. de X.X. de
C.V., a Mexican limited liability company, and HOC Offshore, S. de X.X. de C.V.,
a Mexican limited liability company, as in effect on the date hereof and as
hereafter amended, supplemented, restated or otherwise modified.
"Purchasers" is defined in the Preamble.
"Registrable Securities" means the Warrant Shares issued upon exercise or
conversion of any Warrants, but excluding (i) shares that have been disposed of
under a Registration Statement or any other effective registration statement,
including in a transaction contemplated by Section 8, and (ii) shares sold
pursuant to Rule 144 under the Securities Act.
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"Registration Expenses" is defined in Section 3(c).
"Registration Request" is defined in Section 2(a).
"Registration Statement" means any registration statement of the Company
which covers Registrable Securities pursuant to Section 2 of this Agreement,
including the Prospectus, amendments (including post-effective amendments) and
supplements to such registration statement and Prospectus and all exhibits and
all material incorporated by reference in such registration statement.
"Required Holders" means the Holders of Warrant Securities which when fully
exercised or converted would represent at least two-thirds of the voting power
of the Warrant Securities held by all of the Holders. The "Required Holders" of
any subset of the Warrant Securities (or the Registrable Securities) shall mean
the Holders of Warrant Securities which when fully exercised or converted would
represent at least two-thirds of the voting power of such subset of the Warrant
Securities (or Registrable Securities).
"SEC" means the United States Securities and Exchange Commission.
"Secondary Request" is defined in Section 2(b).
"Securities Act" means the Securities Act of 1933, as amended from time to
time.
"Specified Registrable Securities" is defined in Section 2(a).
"Stock" means any capital stock of the Company.
"Warrant Securities" means, collectively, the Warrants and the Warrant
Shares.
"Warrant Shares" means the securities which a Holder may acquire upon
exercise or conversion of a Warrant, together with any other securities which
such Holder may acquire on account of any such Warrant Shares whether upon the
making or paying of any dividend or other distribution on Common Stock, upon any
split up of such Common Stock, upon a recapitalization, merger, consolidation,
share exchange, reorganization or other transaction or series of related
transactions in which shares of Common Stock are changed into or exchanged for
securities of another corporation, upon exercise of any preemptive right (or the
exercise or conversion of any security which such Holder may acquire in
connection with the exercise of any preemptive right) with respect to any such
Common Stock or otherwise.
"Warrants" means the warrants to purchase an aggregate of 5,283,300 shares
(subject to adjustment) of Common Stock for an initial Remaining Exercise Price
(as defined in the Purchase Agreement) of $0.01 per share, together with any
warrants issued in substitution therefor or replacement thereof.
(b) Cross-References; Headings. Unless otherwise specified, references in
this Agreement to any Article or Section are references to such Article or
Section of this Agreement, and unless otherwise specified, references in any
Article, Section or definition to any clause are references to such clause of
such Section, Article or definition. The headings
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contained in this Agreement are for reference purposes only and shall not in any
way affect the meaning or interpretation of this Agreement.
SECTION 2. Registration of Securities by the Company.
(a) Piggyback Registration. If at any time or from time to time the
Company shall propose to file on its behalf or on behalf of any of its security
holders a registration statement under the Securities Act on Form X-0, X-0 or
S-3 (or on any other form for the general registration of securities) with
respect to the class of securities represented by the Warrant Shares, the
Company shall in each case:
(i) promptly give written notice to each Holder at least thirty
(30) days before the anticipated filing date, indicating the proposed
offering price and describing the plan of distribution;
(ii) include in such registration (and any related qualification
under blue sky or other state securities laws or other compliance) and, at
the request of any Holder, in any underwriting involved therein (and with
respect to any offering pursuant to the 1997 Registration Rights
Agreement), all the Registrable Securities specified by any Holder or
Holders of Registrable Securities (the "Specified Registrable Securities")
in a written request (the "Registration Request") delivered to the Company
within twenty (20) days after receipt of such written notice from the
Company; and
(iii) if such offering is proposed to be underwritten, use its
best efforts to cause the managing underwriter(s) of such proposed
underwritten offering to permit the Specified Registrable Securities to be
included in the Registration Statement for such offering on the same terms
and conditions as any similar securities of the Company included therein.
Notwithstanding the foregoing, if the managing underwriter(s) of such an
underwritten offering advise(s) the Holders of Specified Registrable Securities
in writing that marketing considerations require a limitation on the securities,
other than the securities the Company intends to sell, to be included in any
Registration Statement filed under this Section 2 to a certain number of shares
(the "Available Securities"), then the Company shall in such case be obligated
to such Holders only with respect to such number of Available Securities;
provided that with respect to cutbacks in connection with an offering pursuant
to the 1997 Registration Rights Agreement, the Holders shall be treated on a
pari passu basis with Holders under the 1997 Registration Rights Agreement. The
limitation on the number of Specified Registrable Securities will be imposed pro
rata (based upon the ratio of the number of shares of Specified Registrable
Securities which the managing underwriter(s) propose(s) to include at the
anticipated offering price to the number of Specified Registrable Securities
owned by each Holder) among all Holders of Specified Registrable Securities.
Each Registration Request shall set forth the number or amount of Specified
Registrable Securities. Except as provided by Section 2(b), notwithstanding any
other provision of this Agreement to the contrary, neither the delivery of the
notice by the Company nor of the Registration Request by any Holder shall in any
way obligate the Company to file a Registration
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Statement and, notwithstanding such filing, the Company may, at any time prior
to the effective date thereof, in its sole discretion, determine not to offer
the securities to which the Registration Statement relates without liability to
any of the Holders. No registration of Registrable Securities effected under
this Section 2(a) shall relieve the Company of its obligation to effect the
registration of Registrable Securities pursuant to Section 2(b).
(b) Registration at Holder's Request. Upon the written request (an
"Initial Request") of one or more Holders (the "Initial Requesting Holders") of
Warrant Securities constituting 25% or more of all Warrant Securities then
outstanding made at any time requesting that the Company effect the registration
under the Securities Act of all or part of the Registrable Securities held by
such Holders and specifying the intended method or methods of disposition of
such Registrable Securities, the Company will give prompt (and in any case
within ten (10) days) written notice of such requested registration and the
intended method or methods of disposition thereof to all Holders of Warrant
Securities and thereupon will expeditiously prepare and file a Registration
Statement with respect to, and use its best efforts to effect the registration
under the Securities Act, of:
(i) the Registrable Securities which the Company has been so
requested to register by the Initial Requesting Holders, for disposition in
accordance with the intended method of disposition stated in such request,
and
(ii) all other Registrable Securities which the Company has been
requested to register by the Holders of Warrant Securities by written
request (a "Secondary Request") delivered to the Company within twenty (20)
days after receipt of such written notice from the Company.
In any case where the Initial Requesting Holders specify that the intended
method of disposition is to be an underwritten offering, the underwriter(s) for
such offering shall be selected by the Company and shall be reasonably
acceptable to the Initial Requesting Holders. Each registration requested
pursuant to this Section 2(b) shall be effected by the filing of a Registration
Statement on Form X-0, X-0 or S-3 (or on any other form for the general
registration of securities) unless the use of a different form has been agreed
upon in writing by the Company and the Initial Requesting Holders. The Company
shall be obligated to cause a Registration Statement to be filed pursuant to the
provisions of this Section 2(b) and to become effective under the Securities Act
only three times with respect to one or more Initial Requesting Holders under
this Section 2(b), provided, however, that the Company shall not be deemed to
have caused a Registration Statement to be so filed and effective, and the
Initial Requesting Holders shall not be deemed to have made such request, (1)
unless a Registration Statement covering all Registrable Securities requested to
be registered for sale in accordance with the method or methods of disposition
specified shall have become effective or (2) if, after such Registration
Statement has become effective, it is interfered with by any stop order,
injunction or other order or requirement of the SEC, any other governmental
agency or any court. The parties hereto agree that the Company shall be deemed
to have been given an Initial Request by all Holders (and the period for giving
a Secondary Request with respect thereto shall be deemed to have expired) on the
date hereof with respect to a resale shelf registration statement covering the
resale of all Warrant Shares from time to time. Whenever a registration
requested by one or more Holders pursuant to this Section 2(b) is for an
underwritten offering, unless the underwriter(s) of an
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underwritten offering object(s), the Company may include securities for offering
by the Company or any other securityholders in such Registration Statement, it
being understood that the Company's right and such other securityholders' right
to inclusion shall be subordinate to, and not pari passu with, the rights of the
Holders under this Section 2(b). If the managing underwriter(s) of any such
underwritten offering advise(s) the Holders proposing to sell Registrable
Securities in writing that marketing considerations require a limitation on the
securities to be included in any Registration Statement filed under this Section
2 to a certain number of shares, then such Holders shall share pro rata in the
number of Registrable Securities to be included in such underwritten offering,
such sharing to be based on the respective numbers of Warrant Securities owned
by such Holders and proposed to be included in such Registration Statement. From
the date of receipt of a notice from requesting Holders pursuant to this Section
2(b) indicating that such Holders intend to sell securities in an underwritten
offering until the completion of the period of distribution of the registration
contemplated thereby, the Company will not effect any other registration of its
Stock (whether for its account or that of any other securityholder).
(c) Registration Procedures. If and when the Company shall be required
by the provisions of this Section 2 to effect the registration of Registrable
Securities under the Securities Act, the Company will use its best efforts to
effect such registration to permit the sale of such Registrable Securities in
accordance with the intended method or methods of disposition thereof, and
pursuant thereto it will, as expeditiously as possible:
(i) before filing a Registration Statement or Prospectus or any
amendments or supplements thereto, furnish to the Holders of the
Registrable Securities covered by such Registration Statement and the
underwriter(s), if any, copies of all such documents proposed to be filed,
which documents will be made available, on a timely basis, for review by
such Holders and underwriters;
(ii) prepare and, as expeditiously as possible but in any event
within 30 days (60 days in the case of an underwritten offering) after the
end of the applicable period within which requests for registration may be
given to the Company pursuant to this Section 2, file with the SEC a
Registration Statement and Prospectus covering such Registrable Securities;
prepare and file such amendments and post-effective amendments to any
Registration Statement, and such supplements to the Prospectus, as may be
reasonably requested by any Holder of Registrable Securities or the
managing underwriter(s), if any, or as may be required by the Securities
Act, the Exchange Act or by the rules, regulations or instructions
applicable to the registration form utilized by the Company or as may
otherwise be necessary to cause such Registration Statement to become
effective or to keep such Registration Statement effective until such time
as all of the Registrable Securities covered by such Registration Statement
have been disposed of in accordance with the intended method or methods of
disposition set forth in such Registration Statement or Prospectus; and
cause the Prospectus as so supplemented to be filed pursuant to Rule 424
(or any successor rule) under the Securities Act; and comply with the
provisions of the Securities Act with respect to the disposition of all
securities covered by such Registration Statement during the applicable
period in accordance with the intended method or methods of disposition by
the Holders thereof set forth in such Registration Statement or Prospectus;
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(iii) promptly notify the selling Holders of Registrable
Securities and the managing underwriter(s), if any, and if requested by any
such Person, confirm such advice in writing:
(a) of the filing of the Prospectus or any supplement to the
Prospectus and of the effectiveness of the Registration Statement
and/or any post-effective amendment,
(b) of any request by the SEC for amendments or supplements
to the Registration Statement or the Prospectus or for additional
information,
(c) of the issuance by the SEC of any stop order suspending
the effectiveness of the Registration Statement or the initiation
of any proceedings for that purpose,
(d) of the Company's becoming aware at any time that the
representations and warranties of the Company contemplated by
paragraph (xiv)(a) below have ceased to be true and correct,
(e) of the receipt by the Company of any notification with
respect to the suspension of the qualification of the Registrable
Securities for sale in any jurisdiction or the initiation or
threat of any proceeding for such purpose, and
(f) of the existence of any fact which, to the knowledge of
the Company, results in the Registration Statement, the
Prospectus or any document incorporated therein by reference
containing an untrue statement of material fact or omitting to
state a material fact required to be stated therein or necessary
to make the statements therein not misleading,
(iv) make every reasonable effort to obtain the withdrawal of any
order suspending the effectiveness of the Registration Statement or any
qualification referred to in paragraph (iii)(e) at the earliest possible
moment;
(v) if reasonably requested by the managing underwriter(s) or the
Required Holders of the Registrable Securities being sold in connection
with an underwritten offering, immediately incorporate in a supplement to
the Prospectus or post-effective amendment to the Registration Statement
such information as the managing underwriter(s) or the Required Holders of
the Registrable Securities being sold reasonably request to have included
therein relating to the plan of distribution with respect to such
Registrable Securities, including, without limitation, information with
respect to the amount of Registrable Securities being sold to such
underwriters, the purchase price being paid therefor by such underwriters
and any other terms of the underwritten offering of the Registrable
Securities to be sold in such offering; and make all required filings of
such supplement to the Prospectus or post effective amendment to the
Registration Statement as soon as notified of the matters to be
incorporated in such supplement to the Prospectus or post-effective
amendment to the Registration Statement;
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(vi) at the request of any selling Holder of Registrable
Securities, furnish to such selling Holder of Registrable Securities and
the managing underwriter(s), if any, without charge, at least one signed
copy of the Registration Statement and any post-effective amendment
thereto, including financial statements and schedules, all documents
incorporated therein by reference and all exhibits thereto (including those
incorporated by reference);
(vii) deliver to each selling Holder of Registrable Securities
and the managing underwriter(s), if any, without charge, as many copies of
the Registration Statement, each Prospectus (including each preliminary
prospectus) and any amendment or supplement thereto (in each case including
all exhibits), as such Persons may reasonably request, together with all
documents incorporated by reference in such Registration Statement or
Prospectus, and such other documents as such selling Holder may reasonably
request in order to facilitate the disposition of its Registrable
Securities covered by such Registration Statement; the Company consents to
the use of each Prospectus and any supplement thereto by each of the
selling Holders of Registrable Securities and the managing underwriter(s),
if any, in connection with the offering and sale of the Registrable
Securities covered by each Prospectus or any supplement thereto;
(viii) prior to any public offering of Registrable Securities,
register or qualify or reasonably cooperate with the selling Holders of
Registrable Securities, the managing underwriter(s), if any, and their
respective counsel in connection with the registration or qualification of
such Registrable Securities for offer and sale under the securities or blue
sky laws of such jurisdictions as any selling Holder or managing
underwriter(s) reasonably request(s) and do any and all other acts or
things necessary to enable the disposition in such jurisdictions of the
Registrable Securities covered by the Registration Statement;
(ix) cooperate with the selling Holders of Registrable Securities
and the managing underwriter(s), if any, to facilitate the timely
preparation and delivery of certificates representing Registrable
Securities to be sold and not bearing any legends restricting the transfer
thereof; and enable such Registrable Securities to be in such denominations
and registered in such names as the managing underwriters may request at
least two Business Days prior to any sale of Registrable Securities to the
underwriters;
(x) use its best efforts to cause the Registrable Securities
covered by the applicable Registration Statement to be registered with or
approved by such United States, state and local governmental agencies or
authorities as may be necessary to enable the seller or sellers thereof or
the underwriters, if any, to consummate the disposition of such Registrable
Securities;
(xi) if any fact contemplated by paragraph (iii)(b) or (iii)(f)
above shall exist, promptly notify each Holder on whose behalf Registrable
Securities have been registered and promptly prepare and furnish to such
Holders a supplement or post-effective amendment to the Registration
Statement or the related Prospectus or any document incorporated therein by
reference and promptly file any other required document so that, as
thereafter delivered to the purchasers of the Registrable Securities,
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neither the Registration Statement nor the Prospectus will contain an
untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein
not misleading; provided that if the Company shall furnish to the
Requesting Holders a certificate signed by the Company's Chairman of the
Board stating that in his good faith judgment such actions would be
detrimental or otherwise disadvantageous to the Company or its
stockholders, the Company may delay such actions for as short a period as
reasonably necessary to remove such detrimental condition, not to exceed 30
days in any instance.
(xii) cause all Registrable Securities covered by the
Registration Statement to be (A) listed on each securities exchange on
which securities of the same class are then listed or (B) admitted for
trading in any inter-dealer quotation system on which securities of the
same class are then traded;
(xiii) not later than the effective date of the applicable
Registration Statement, provide a CUSIP number for all Registrable
Securities covered by the Registration Statement and provide the applicable
transfer agent with printed certificates for such Registrable Securities
which are in a form eligible for deposit with The Depository Trust Company;
(xiv) enter into customary agreements (including underwriting
agreements) and take all other reasonable actions in order to expedite or
facilitate the disposition of such Registrable Securities; and in such
connection, except as otherwise provided:
(a) in an underwritten offering, make such representations
and warranties to the Holders selling such Registrable Securities
and the underwriters, in form, substance and scope as are
customarily made by issuers to selling securityholders and
underwriters in similar underwritten offerings;
(b) obtain opinions of counsel to the Company and updates
thereof addressed to each selling Holder and the underwriters, if
any, covering the matters customarily covered in opinions
requested in similar underwritten offerings and such other
matters as may be reasonably requested by such Holders and
underwriters, which counsel and opinions shall be reasonably
satisfactory (in form, scope and substance) to the managing
underwriters, if any, and the Required Holders of the Registrable
Securities being sold;
(c) in connection with any underwritten offering, obtain so
called "cold comfort" letters and updates thereof from the
Company's independent certified public accountants addressed to
the selling Holders of Registrable Securities and the
underwriters, such letters to be in customary form and covering
matters of the type customarily covered in "cold comfort" letters
to underwriters in connection with similar underwritten
offerings;
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(d) if an underwriting agreement is entered into, cause the
same to include indemnification and contribution provisions and
procedures substantially similar to those set forth in Section 5,
subject to revisions the underwriters shall reasonably request,
with respect to all parties to be indemnified pursuant to said
Section 5; and
(e) deliver such documents and certificates as may
reasonably be requested by the Required Holders of the
Registrable Securities being sold, or the managing
underwriter(s), if any, to evidence compliance with this
paragraph (xiv) and with any customary conditions contained in
the underwriting agreement or other agreement entered into by the
Company;
the foregoing to be done upon each closing under any underwriting or
similar agreement as and to the extent required thereunder and from time to
time as may reasonably be requested by any selling Holder of Registrable
Securities in connection with the disposition of Registrable Securities
pursuant to such Registration Statement, all in a manner consistent with
customary industry practice;
(xv) upon execution and delivery of such confidentiality
agreements as the Company may reasonably request, make available to the
Holders of the Registrable Securities being sold, any underwriter
participating in any disposition pursuant to such Registration Statement,
and any attorney or accountant retained by such Holders or underwriter, all
financial and other records, pertinent corporate documents and properties
of the Company, and cause the Company's officers, directors and employees
to supply all information reasonably requested by any such Holder,
underwriter, attorney or accountant in connection with the registration, at
such time or times as the Person requesting such information shall
reasonably determine;
(xvi) otherwise use its best efforts to comply with the
Securities Act, the Exchange Act, all applicable rules and regulations of
the SEC and all applicable state blue sky and other securities laws, rules
and regulations, and make generally available to its security holders an
earnings statement satisfying the provisions of Section 11(a) of the
Securities Act, as soon as practicable, but in no event later than thirty
(30) days after the end of the 12 calendar month period commencing after
the effective date of the Registration Statement;
(xvii) cooperate and assist in any filings required to be made
with the NASD and in the performance of any due diligence investigation by
any underwriter; and
(xviii) prior to the filing of any document which is being
prepared for incorporation by reference into the Registration Statement or
the Prospectus (other than a Registration Statement or Prospectus relating
to a "shelf" offering) , upon receipt of such confidentiality agreements as
the Company may reasonably request, provide copies of such document to
counsel to the selling Holders of Registrable Securities, and to the
managing underwriter(s), if any, and make the Company's representatives
available for discussion of such document.
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SECTION 3. Registration Expenses.
(a) All expenses incident to the Company's performance of or
compliance with its obligations under this Agreement (excluding underwriting
discounts, selling commissions and brokerage fees, which will be paid by the
selling Holders) will be paid by the Company, regardless of whether Registrable
Securities are sold pursuant to any Registration Statement, including, without
limitation:
(i) all registration, filing and listing fees;
(ii) fees and expenses of compliance with securities or blue sky
laws (including, without limitation, the fees and disbursements of counsel
for the underwriters, if any, or selling Holders in connection with blue
sky and state securities qualifications of Registrable Securities and
determination of their eligibility for investment under the laws of such
jurisdictions as the managing underwriter(s), if any, or the Required
Holders of the Registrable Securities covered by such Registration
Statement may reasonably designate);
(iii) printing (including, without limitation, expenses of
printing or engraving certificates for the Registrable Securities in a form
eligible for deposit with The Depository Trust Company and of printing
prospectuses), word processing, duplicating, messenger, telephone and
delivery expenses;
(iv) fees and disbursements of counsel for the Company and,
subject to Section 3(b), counsel for the selling Holders of the Registrable
Securities;
(v) fees and disbursements of all independent certified public
accountants of the Company or any other Persons for which financial
statements are required or otherwise included in such Registration
Statement (including, without limitation, the expenses of any special audit
and, in connection with any underwritten offering, "cold comfort" letters
required by or incident to such performance);
(vi) fees and expenses of other Persons (including special
experts) retained by the Company; and
(vii) fees and expenses associated with any NASD filing required
to be made in connection with any Registration Statement.
The Company will, in any event, pay its internal expenses (including,
without limitation, all salaries and expenses of its officers and employees
performing legal or accounting duties), the expense of any annual audit, the
fees and expenses incurred in connection with the listing of the securities to
be registered on each securities exchange on which securities of the same class
are then listed or the admission for trading of the securities to be registered
in each inter-dealer quotation system on which securities of the same class are
then traded, and rating agency fees.
(b) In connection with each Registration Statement required hereunder,
the Company will reimburse the Holders of Registrable Securities being
registered pursuant to such Registration Statement for the reasonable fees and
disbursements of not more than one counsel
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chosen by the Required Holders of the Registrable Securities being sold; the
expense of any additional counsel for the Holders shall be paid by the Holders.
(c) The term "Registration Expenses" shall mean the expenses payable
by the Company pursuant to the provisions of this Section 3.
SECTION 4. Conditions to Registration.
Each Holder's right to have Registrable Securities included in any
Registration Statement filed by the Company in accordance with the provisions of
Section 2 shall be subject to the following conditions:
(a) The Holders on whose behalf such Registrable Securities are to be
included shall be required to furnish the Company in a timely manner with all
information required by the applicable rules and regulations of the SEC
concerning the proposed method or methods of disposition of such securities, the
identity of and compensation to be paid to any proposed underwriters to be
employed in connection therewith, and such other information as may be
reasonably required by the Company properly to prepare and file such
Registration Statement in accordance with applicable provisions of the
Securities Act;
(b) If any such Holder desires to sell and distribute Registrable
Securities over a period of time, or from time to time, at then prevailing
market prices, then any such Holder shall execute and deliver to the Company
such written undertakings as the Company and its counsel may reasonably require
in order to assure full compliance with relevant provisions of the Securities
Act and the Exchange Act;
(c) In the case of any registration requested pursuant to the
provisions of Section 2, the offering price for any Registrable Securities to be
so registered shall be no less than for any securities of the same class then to
be registered for sale for the account of the Company or other security holders,
unless such Registrable Securities are to be offered from time to time based on
the prevailing market price; and
(d) In the case of any underwritten offering on behalf of the Holders
of Registrable Securities, such Holders will enter into such agreements
(including underwriting agreements and lock-up agreements) as the managing
underwriters shall reasonably request and as are customary in similar
circumstances, provided that no such agreements shall require any Holder to make
any representations or warranties to, or agreements with, the Company or the
underwriters other than representations, warranties or agreements regarding such
Holder, the ownership of such Holder's Registrable Securities and such Holder's
intended method of distribution.
SECTION 5. Indemnification.
(a) Indemnification by the Company. In the event of the registration
of any Registrable Securities under the Securities Act pursuant to the
provisions hereof, the Company will indemnify and hold harmless each seller of
such Registrable Securities, its partners, directors, officers, employees and
agents, each underwriter, broker and dealer, if any, who participates in the
offering or sale of such securities, and each other Person, if any, who controls
12
such seller or any such underwriter, broker or dealer within the meaning of
either Section 15 of the Securities Act or Section 20 of the Exchange Act (each
such Person being hereinafter sometimes referred to as an "Indemnified Person,"
provided that for purposes of clauses (b), (c) and (d) of this Section 5,
"Indemnified Person" shall also include the Company, its partners, directors,
officers, employees and agents, and each other Person, if any, who controls the
Company within the meaning of either Section 15 of the Securities Act or Section
20 of the Exchange Act) from and against any losses, claims, damages,
liabilities or expenses, joint or several, to which such Indemnified Person may
become subject under the Securities Act, the Exchange Act or otherwise, insofar
as such losses, claims, damages, liabilities or expenses (or actions in respect
thereof) arise out of or are based upon any untrue statement or alleged untrue
statement of a material fact contained or incorporated by reference in any
Registration Statement or Prospectus or any amendment or supplement thereto or
any document incorporated by reference therein, or arise out of or are based
upon the 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 will reimburse each such Indemnified Person for any legal or other expenses
reasonably incurred by such Indemnified Person in connection with investigating
or defending any such loss, claim, damage, liability, expense or action;
provided, however, that the Company will not be liable in any such case to the
extent that any such loss, claim, damage, liability, expense or action (i)
arises out of or is based upon an untrue statement or alleged untrue statement
or omission or alleged omission made or incorporated by reference in the
Registration Statement or Prospectus or any amendment or supplement thereto, in
reliance upon and in conformity with written information furnished to the
Company by such Indemnified Person specifically stating it is for use in
preparation thereof or (ii) arises out of the use of any Prospectus by an
Indemnified Party after the Company has provided such Indemnified Party with the
notice and supplement referred to in Section 2(c)(xi) if such Prospectus is the
subject of such notice. Such indemnity shall remain in full force and effect
regardless of any investigation made by or on behalf of such Indemnified Person
and shall survive the transfer of such Registrable Securities by such seller.
(b) Indemnification by Holders of Registrable Securities. In the event
of the registration of any Registrable Securities under the Securities Act
pursuant to the provisions hereof, each Holder on whose behalf such Registrable
Securities shall have been registered will indemnify and hold harmless each and
every Indemnified Person against any losses, claims, damages, liabilities or
expenses, joint or several, to which such Indemnified Person may become subject
under the Securities Act, the Exchange Act or otherwise, insofar as such losses,
claims, damages, liabilities or expenses (or actions in respect thereof) arise
out of or are based upon any untrue statement or alleged untrue statement of a
material fact contained or incorporated by reference in any Registration
Statement or Prospectus or any amendment or supplement thereto or any document
incorporated by reference therein, or arise out of or are based upon the
omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading, which
untrue statement or alleged untrue statement or omission or alleged omission has
been made or incorporated therein in reliance upon and in conformity with
written information furnished to the Company by such Holder specifically stating
that it is for use in preparation thereof, and will reimburse each such
Indemnified Person for any legal or other expenses reasonably incurred by such
Indemnified Person in connection with investigating or defending any such loss,
claim, damage, liability, expense or action; provided, however, that the
liability of each Holder hereunder shall be limited
13
to the proceeds received by such Holder from the sale of Registrable Securities
covered by such Registration Statement.
(c) Procedure. Promptly after receipt by an Indemnified Person of
notice of the commencement of any action (including any governmental
investigation or inquiry), such Indemnified Person will, if such Indemnified
Person intends to make a claim in respect thereof against the party agreeing to
indemnify such Indemnified Person pursuant to paragraph (a) or (b) hereof (each
such Person being hereinafter referred to as an "Indemnifying Person"), give
written notice to such Indemnifying Person of the commencement thereof, but the
omission so to notify the Indemnifying Person shall not relieve the Indemnifying
Person from any of its obligations pursuant to the provisions of this Section 5
except to the extent that the Indemnifying Person is actually prejudiced by such
failure to give notice. In case any such action is brought against any
Indemnified Person and it notifies an Indemnifying Person of the commencement
thereof, the Indemnifying Person shall be entitled to participate in, and to the
extent that it may wish, jointly with any other Indemnifying Person similarly
notified, to assume the defense thereof, with counsel reasonably satisfactory to
such Indemnified Person, and after notice from the Indemnifying Person to such
Indemnified Person, the Indemnifying Person shall not, except as hereinafter
provided, be responsible for any legal or other expenses subsequently incurred
by such Indemnified Person in connection with the defense thereof. No
Indemnifying Person will consent to entry of any judgment or enter into any
settlement which does not include as an unconditional term thereof the giving by
the claimant or plaintiff to such Indemnified Person of a release from all
liability in respect of such claim or litigation.
Such Indemnified Person shall have the right to employ separate counsel in
any such action and to participate in the defense thereof, but the fees and
expenses of such counsel shall be the expense of such Indemnified Person unless
(a) the Indemnifying Person has agreed to pay such fees and expenses or (b) the
Indemnifying Person shall have failed to assume the defense of such action or
proceeding or has failed to employ counsel reasonably satisfactory to such
Indemnified Person in any such action or proceeding or (c) the named parties to
any such action or proceeding (including any impleaded parties) include both
such Indemnified Person and the Indemnifying Person and such Indemnified Person
shall have been advised by counsel that representation of both parties by the
same counsel would be inappropriate due to actual or potential material
differing interests between them (in which case, if such Indemnified Person
notifies the Indemnifying Person in writing that it elects to employ separate
counsel at the expense of the Indemnifying Person, the Indemnifying Person shall
not have the right to assume the defense of such action or proceeding on behalf
of such Indemnified Person). The Indemnifying Person shall not be liable for any
settlement of any such action or proceeding effected without its written
consent, which consent shall not unreasonably be withheld, delayed or
conditioned, but if settled with its written consent, or if there is a final
judgment for the plaintiff in any such action or proceeding, the Indemnifying
Person agrees to indemnify and hold harmless such Indemnified Persons from and
against any loss or liability by reason of such settlement or judgment.
(d) Contribution. To the extent that the indemnification provided for
in this Section 5 is unavailable to a party that would have been an Indemnified
Person under this Section 5 in respect of any losses, claims, damages,
liabilities or expenses (or actions in respect thereof) referred to herein, then
each party that would have been an Indemnifying Person
14
thereunder shall, in lieu of indemnifying such Indemnified Person, contribute to
the amount paid or payable by such Indemnified Person as a result of such
losses, claims, damages, liabilities or expenses (or actions in respect thereof)
in such proportion as is appropriate to reflect the relative fault of the
Indemnifying Person on the one hand and the Indemnified Person on the other in
connection with the statement or omission which resulted in such losses, claims,
damages, liabilities or expenses (or actions in respect thereof), as well as any
other relevant equitable considerations. The relative fault 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 of a material
fact relates to information supplied by the Indemnifying Person or the
Indemnified Person and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission.
The amount paid or payable by a party as a result of the losses, claims,
damages, liabilities and expenses referred to above shall be deemed to include,
subject to the limitations set forth in Section 5(c), any legal or other fees or
expenses reasonably incurred by such party in connection with the investigation
or defense of any action or claim. The Company and each Holder of Registrable
Securities agrees that it would not be just and equitable if contribution
pursuant to this Section 5 were determined by pro rata allocation or by any
other method of allocation which does not take account of the equitable
considerations referred to in this Section 5. Notwithstanding the provisions of
this Section 5(d), no Holder of Registrable Securities shall be required to
contribute any amount in excess of the amount by which the total price at which
the Registrable Securities sold by it exceeds the amount of any damages which
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.
Indemnification or, if appropriate, contribution, similar to that specified
in the preceding provisions of this Section 5 (with appropriate modifications)
shall be given by the Company and each seller of Registrable Securities with
respect to any required registration or other qualification of such securities
under any federal or state law or regulation or governmental authority other
than the Securities Act.
In the event of any underwritten offering of Registrable Securities under
the Securities Act pursuant to the provisions of Section 2, the Company and each
Holder on whose behalf such Registrable Securities shall have been registered
agree to enter into an underwriting agreement, in customary form, with the
underwriters, which underwriting agreement may contain additional provisions
with respect to indemnification and contribution in lieu thereof.
SECTION 6. Exchange Act Registration; Rule 144 Reporting.
The Company covenants and agrees that until such time as the Holders no
longer hold any Registrable Securities it will:
(a) if required by law, maintain an effective registration statement
(containing such information and documents as the SEC shall specify) with
respect to the Common Stock of the Company under Section 12(g) of the Exchange
Act;
15
(b) make and keep public information available, as those terms are
understood and defined in Rule 144 under the Securities Act, even if the Company
subsequently ceases to be subject to the reporting requirements of the Exchange
Act;
(c) file with the SEC in a timely manner all reports and documents
required of the Company under the Securities Act and the Exchange Act;
(d) furnish to any Holder promptly upon request (i) a written
statement by the Company as to its compliance with the reporting requirements of
Rule 144 (and any similar or successor rules) and of the Securities Act and the
Exchange Act, (ii) a copy of the most recent annual or quarterly report of the
Company and (iii) such other reports and documents of the Company and other
information in the possession of or reasonably obtainable by the Company as such
Holder may reasonably request in availing itself of any rule or regulation of
the SEC allowing such Holder to sell any such securities without registration;
and
(e) take such further action as any Holder of Registrable Securities
may from time to time reasonably request to enable such Holder to sell
Registrable Securities without registration under the Securities Act within the
limitation of the exemptions provided by (i) Rule 144 under the Securities Act,
as such rule may be amended from time to time, or (ii) any similar rule or
regulation hereafter adopted by the SEC.
The Company represents and warrants that such registration statement or any
information, document or report filed with the SEC in connection therewith or
any information so made public shall not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements contained therein not misleading. The
Company agrees to indemnify and hold harmless (or to the extent the same is not
enforceable, make contribution to) the Holders, their partners, officers,
directors, employees and agents, each broker, dealer or underwriter (within the
meaning of the Securities Act) acting for any Holder in connection with any
offering or sale by such Holder of Registrable Securities or any Person
controlling (within the meaning of either Section 15 of the Securities Act or
Section 20 of the Exchange Act) such Holder and any such broker, dealer or
underwriter from and against any and all losses, claims, damages, liabilities or
expenses (or actions in respect thereof) arising out of or resulting from any
breach of the foregoing representation or warranty, all on terms and conditions
comparable to those set forth in Section 5.
SECTION 7. Limitation on Registration Rights of Others.
The Company represents and warrants that, except as provided in the 1997
Registration Rights Agreement, it has not granted to any Person the right to
request or require the Company to register any securities issued by the Company.
The Company covenants and agrees that after the date hereof, so long as any
Holder holds any Warrant Securities, the Company will not, directly or
indirectly, grant to any Person or agree to or otherwise become obligated in
respect of (a) any registration rights of securities of the Company upon the
demand of any Person (including any shelf registration) without the prior
written consent of the Required Holders; or (b) rights of registration in the
nature or substantially in the nature of those set forth in Section 2(a) unless
such rights are expressly subject and subordinated to the rights of registration
of the Holders pursuant to Section 2(a) hereof on terms reasonably satisfactory
to the Required Holders.
16
SECTION 8. Mergers, etc.
In addition to any other restrictions on mergers, consolidations and
reorganizations contained in the Purchase Agreement or in the certificate of
incorporation, bylaws or agreements of the Company, the Company covenants and
agrees that it shall not, directly or indirectly, enter into any merger,
consolidation or reorganization in which the Company shall not be the surviving
corporation and in which the Holders shall not have had the right to receive
cash for all their Registrable Securities, unless the surviving corporation
shall, prior to such merger, consolidation or reorganization, agree in a writing
satisfactory in form, scope and substance to the Required Holders to assume the
obligations of the Company under this Agreement, and for such purpose references
hereunder to "Registrable Securities" shall be deemed to include the securities
which such Holders would be entitled to receive in exchange for Registrable
Securities pursuant to any such merger, consolidation or reorganization.
If, and as often as, there are any changes in the Registrable Securities by
way of stock split, stock dividend, combination or classification, or through
merger, consolidation, reorganization or recapitalization, or by any other
means, appropriate adjustments shall be made in the provisions hereof as may be
required, so that the rights and privileges granted hereby shall continue with
respect to the Registrable Securities as so changed.
SECTION 9. Notices, etc.
All notices, consents, approvals, agreements and other communications
provided hereunder shall be in writing or by telex or telecopy and shall be
sufficiently given to the Purchasers, the Holders or the Company if addressed or
delivered to them: (i) if to the Company or any Purchaser, as set forth in the
Purchase Agreement, (ii) if to any other Holder, at its last known address
appearing on the books of the Company maintained for such purpose, or in any
such case, at such other address as any party may designate to any other party
by written notice. All such notices and communications shall be deemed to have
been duly given: (i) at the time delivered by hand, if personally delivered,
(ii) when received, if deposited in the mail, postage prepaid, (iii) when
transmission is verified, if telecopied, and (iv) on the next Business Day, if
timely delivered to an air courier guaranteeing overnight delivery.
SECTION 10. Entire Agreement.
The parties hereto agree that this Agreement constitutes the entire
agreement among the parties with respect to the subject matter hereof and
supersedes all prior agreements and understandings between them as to such
subject matter; and there are no restrictions, agreements, arrangements, oral or
written, between any or all of the parties relating to the subject matter hereof
which are not fully expressed or referred to herein or therein.
SECTION 11. Amendments; Waivers and Further Agreements.
This Agreement may not be amended nor shall any waiver, change,
modification, consent or discharge be effected except by an instrument in
writing executed by or on behalf of the party or parties against whom
enforcement of any amendment, waiver, change, modification, consent or discharge
is sought; provided, however, that any waiver sought from the Holders of any
provision of this Agreement which affects the Holders generally, and any action
required to be
17
taken by the Holders as a group pursuant to this Agreement, shall be given or
taken by the Required Holders, and any such waiver or action so given or taken
shall be binding on all Holders. No failure or delay by any party in exercising
any right or remedy hereunder shall operate as a waiver thereof, and a waiver of
a particular right or remedy on one occasion shall not be deemed a waiver of any
other right or remedy or a waiver of the same right or remedy on any subsequent
occasion.
Any waiver of any terms or conditions of this Agreement shall not operate
as a waiver of any other breach of such terms or conditions or any other term or
condition, nor shall any failure to enforce any provision hereof operate as a
waiver of such provision or of any other provision hereof; provided, however,
that no such written waiver, unless it by its own terms explicitly provides to
the contrary, shall be construed to effect a continuing waiver of the provision
being waived and no such waiver in any instance shall constitute a waiver in any
other instance or for any other purpose or impair the right of the party against
whom such waiver is claimed in all other instances or for all other purposes to
require full compliance with such provision. Each of the parties hereto agrees
to execute all such further instruments and documents and to take all such
further action as the other parties may reasonably require in order to
effectuate the terms and purposes of this Agreement.
SECTION 12. Assignment; Successors and Assigns.
This Agreement shall be binding upon and shall inure to the benefit of the
parties hereto and their respective heirs, executors, legal representatives,
successors and permitted assigns, including, without limitation, any Holders
from time to time of the Registrable Securities. Anything in this Agreement to
the contrary notwithstanding, the term "Holders" as used in this Agreement shall
be deemed to include the registered Holders from time to time of the Warrant
Securities. Nothing herein shall be construed as requiring the Holders of
Warrants to exercise their warrants for, or convert their Warrants into, shares
of Common Stock prior to exercising the rights conferred upon such Holders under
this Agreement.
SECTION 13. Severability.
If any provision of this Agreement shall be held or deemed to be, or shall
in fact be, invalid, inoperative or unenforceable as applied to any particular
case in any jurisdiction or jurisdictions, or in all jurisdictions or in all
cases, because any provision conflicts with any constitution, statute, rule or
public policy, or for any other reason, such circumstance shall not have the
effect of rendering the provision or provisions in question invalid, inoperative
or unenforceable in any other jurisdiction or in any other case or circumstance
or of rendering any other provision or provisions herein contained invalid,
inoperative or unenforceable to the extent that such other provisions are not
themselves actually in conflict with such constitution, statute, rule or public
policy, but this Agreement shall be reformed and construed in any such
jurisdiction or case as if such invalid, inoperative or unenforceable provision
had never been contained herein and such provision reformed so that it would be
valid, operative and enforceable to the maximum extent permitted in such
jurisdiction or in such case.
18
SECTION 14. Counterparts.
This Agreement may be executed in two or more counterparts (each of which
need not be executed by each of the parties), each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument, and in pleading or proving any provision of this Agreement, it shall
not be necessary to produce more than one such counterpart.
SECTION 15. Gender; Usage.
Whenever used herein the singular number shall include the plural, the
plural shall include the singular, and the use of any gender shall include all
genders. The words "hereof," "herein" and "hereunder," and words of similar
import, when used in this Agreement shall refer to this Agreement as a whole and
not to any particular provision of this Agreement.
SECTION 16. Governing Law.
THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK OTHER THAN THE CONFLICTS OF
LAWS PRINCIPLES THEREOF.
SECTION 17. Survival.
The indemnification and contribution provisions of Section 5 shall survive,
notwithstanding the fact that any Warrant Shares shall cease to be Registrable
Securities.
SECTION 18. Expenses.
Supplementing the provisions of Section 5, the Company shall be obligated
to pay to the Holders, on demand, all costs and expenses (including, without
limitation, court costs and attorneys' fees and expenses and interest to the
extent permitted by applicable law on overdue amounts) paid or incurred in
collecting any sums due from, or enforcing any other obligations of, the
Company.
SECTION 19. Specific Performance.
The Company recognizes that the rights of the Holders under this Agreement
are unique and, accordingly, the Holders shall, in addition to such other
remedies as may be available to any of them at law or in equity, have the right
to enforce their rights hereunder by actions for injunctive relief and specific
performance to the extent permitted by law. The Company agrees that monetary
damages would not be adequate compensation for any loss incurred by reason of a
breach by it of the provisions of this Agreement and hereby agrees to waive the
defense in any action for specific performance that a remedy at law would be
adequate. This Agreement is not intended to limit or abridge any rights of the
Holders which may exist apart from this Agreement.
19
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their respective officers thereunto duly authorized as of the day
and year first above written.
HORIZON OFFSHORE, INC.
By:
------------------------------------
Name:
Title:
GUARANTORS:
HORIZON VESSELS, INC.
By:
------------------------------------
Name:
Title:
HORIZON OFFSHORE CONTRACTORS, INC.
By:
------------------------------------
Name:
Title:
HORIZON SUBSEA SERVICES, INC.
By:
------------------------------------
Name:
Title:
20
HORIZON VESSELS INTERNATIONAL, LTD.
By:
------------------------------------
Name:
Title:
HORIZEN, LLC
By:
------------------------------------
Name:
Title:
ECH OFFSHORE, S. DE X.X. DE C.V.
By:
------------------------------------
Name:
Title:
HOC OFFSHORE, S. DE X.X. DE C.V.
By:
------------------------------------
Name:
Title:
21
INITIAL PURCHASERS:
XXXXXXX ASSOCIATES, L.P.
By: Xxxxxxx Capital Advisors, L.P.,
as General Partner
By: Xxxxxxx Associates, Inc.,
as General Partner
By:
------------------------------------
Name:
Title:
Address: 000 Xxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
XXXXXXX INTERNATIONAL, L.P.
By: Xxxxxxx International Capital
Advisors Inc., as
Attorney-in-Fact
By:
------------------------------------
Name:
Title:
Address: 000 Xxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
22
FALCON MEZZANINE PARTNERS, LP
By: Falcon Mezzanine Investments, LLC,
its General Partner
By:
------------------------------------
Name:
Title:
Address: 00 Xxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxxxxxxx 00000
Telecopier No.: (000) 000-0000
23
D. E. SHAW LAMINAR PORTFOLIOS, L.L.C.
By:
------------------------------------
Name:
Title:
Address: 000 Xxxx 00xx Xx.
Xxx Xxxx, Xxx Xxxx 00000
24
----------------------------------------
Name: Xxxxx X. Xxxxxxx,
in his individual capacity
Address: 0000 0xx Xxx., Xxxxx 000
Xxx Xxxxxx, XX 00000
25
----------------------------------------
Name: Xxxxxxxx X. Xxxxxxx,
in her individual capacity
Address: 0000 0xx Xxx., Xxxxx 000
Xxx Xxxxxx, XX 00000
26
----------------------------------------
Name: Xxxxx X. Xxxxxx,
in his individual capacity
Address: 0000 Xxxxxx Xxxxx
Xxxxxx, XX 00000
27
JMB CAPITAL PARTNERS, LP
By:
------------------------------------
Name: Xxx X. Silverton
Title: General Partner
Address: 0000 Xxxxxx xx xxx Xxxxx, Xxxxx
0000 Xxx Xxxxxxx,
XX 00000
28
SACC PARTNERS, LP
By:
------------------------------------
Name: Xxx Xxxxxxxx
Title: General Partner
Address: 00000 Xxxxx Xxxxxx Xxxx., Xxxxx
000 Xxx Xxxxxxx, XX 00000
29
XXXXX X. XXXXXXX AND XXXXXXXX X.
XXXXXXX, JTWROS
By:
------------------------------------
Name: Xxxxx Xxxxxxx
in his capacity as joint tenant
with right of survivorship
By:
------------------------------------
Name: Xxxxxxxx Xxxxxxx
in her capacity as joint tenant
with right of survivorship
Address: 0000 0xx Xxx., Xxxxx 000
Xxx Xxxxxx, XX 00000
30
XXXXXXX FAMILY TRUST
By:
------------------------------------
Name: Xxxxx X. Xxxxxxx Xx.
Title: Trustee
By:
------------------------------------
Name: Xxxx X. Xxxxxxx
Title: Trustee
Address: 0000 0xx Xxx., Xxxxx 000
Xxx Xxxxxx, XX 00000
31
XXXXX XXXXXXX AND XXXX XXXXXXX
IRREVOCABLE DESCENDANT'S TRUST
By:
------------------------------------
Name: Xxxxx Xxxxxxx
Title: Trustee
By:
------------------------------------
Name: Xxxxxxxx Xxxxxxx
Title: Trustee
Address: 0000 0xx Xxx., Xxxxx 000
Xxx Xxxxxx, XX 00000
32
X. XXXXX & CO. PROFIT SHARING, INC.
By:
------------------------------------
Name: Xxxxxx Xxxxx
Title: Trustee
Address: 00000 Xxxxx Xxxxxx Xxxx., Xxxxx
000 Xxx Xxxxxxx, XX 00000
33
X. XXXXX & CO., INC.
By:
------------------------------------
Name: Xxxxxx Xxxxx
Title: Chairman
Address: 00000 Xxxxx Xxxxxx Xxxx., Xxxxx
000 Xxx Xxxxxxx, XX 00000
34
X. XXXXXX III GST DTD 12/31/91
By:
------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Trustee
Address: 0000 Xxxxxx Xxxxx
Xxxxxx, XX 00000
35
MILFAM, LLC
By:
------------------------------------
Name: Xxxxx X. Xxxxxx
Title: General Partner
Address: 0000 Xxxxxx Xxxxx
Xxxxxx, XX 00000
36
XXXXXXXXX X. XXXXXX IRREV TR DTD
3/26/91
By:
------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Trustee
Address: 0000 Xxxxxx Xxxxx
Xxxxxx, XX 00000
37
XXXXXXXXX X. XXXXXX
By:
------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Custodian FL/UTMA
Address: 0000 Xxxxxx Xxxxx
Xxxxxx, XX 00000
38
XXXXX X. XXXXXX
By:
------------------------------------
Name: Xxxxx X. Xxxxxx
in his individual capacity
Address: 0000 Xxxxxx Xxxxx
Xxxxxx, XX 00000
39
XXXXX X. XXXXXX TRUST A-4
BY: PNC BANK
By:
------------------------------------
Name: Xxxx Xxxxxxx
Title: Trustee
Address: 0000 Xxxxxx Xxxxx
Xxxxxx, XX 00000
40
MILFAM I, L.P.
By:
------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Limited Partner
Address: 0000 Xxxxxx Xxxxx
Xxxxxx, XX 00000
41
MILFAM II, L.P.
By:
------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Limited Partner
Address: 0000 Xxxxxx Xxxxx
Xxxxxx, XX 00000
42
MILGRAT II PREMIUM
By:
------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Trustee
Address: 0000 Xxxxxx Xxxxx
Xxxxxx, XX 00000
43
HIGHLAND CRUSADER OFFSHORE
PARTNERS
By:
------------------------------------
Name: Xxxx Xxxxxxx
Title: General Partner
Address: 00000 Xxxx Xxxx, Xxxxx 0000
Xxxxxx, XX 00000
44
