REGISTRATION RIGHTS AGREEMENT
Exhibit 4.2
THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of the Effective Date
by and among Xxxx Corporation, a Delaware corporation (the “Company”), and each of the
other Persons who become parties to this Agreement in accordance with Section 14 hereof.
Capitalized terms used but not otherwise defined herein are defined in Section 9 hereof.
NOW, THEREFORE, in consideration of the mutual promises made herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto, intending to be legally bound, agree as follows:
1. Demand Registrations.
(a) Requests for Registration. At any time after the Effective Date, the holders of
Registrable Securities may request registration under the Securities Act of all or a portion of
their Registrable Securities up to a total of four times (on Form S-3, or if Form S-3 is not then
available to the Company, Form S-1 or any successor form) (any registration under this Section
1(a), a “Demand Registration”).
(b) Demand Notices. All requests for Demand Registrations shall be made by giving
written notice to the Company (the “Demand Notice”). Each Demand Notice shall specify the
number of Registrable Securities requested to be registered and whether a Shelf Registration is
being requested. Within five (5) days after receipt of any Demand Notice, the Company shall give
written notice of such requested registration to all other holders of Registrable Securities (the
“Company Notice”) and, subject to the provisions of Section 1(f) below, shall
include in such registration all Registrable Securities with respect to which the Company has
received written requests for inclusion therein within 15 days after the receipt of the Company
Notice.
(c) Demand Expenses. The Company shall pay all Registration Expenses of all holders of
Registrable Securities in all Demand Registrations.
(d) Demand Registrations. A registration shall not count as one of the permitted
Demand Registrations until both (i) it has become effective (unless such Demand Registration has
not become effective due solely to the fault of the holders requesting such registration) and (ii)
the holders of Registrable Securities initially requesting such registration are able to register
and sell pursuant to such registration at least 90% of the Registrable Securities requested to be
included in such registration either at the time that the registration statement shall have become
effective or within 90 days thereafter; provided that the Company shall in any event pay
all Registration Expenses in connection with any registration initiated as a Demand Registration
whether or not it has become effective and whether or not such registration has counted as one of
the permitted Demand Registrations; provided further that any holder whose Registrable
Securities were to be included in any such registration pursuant to Section 1(a), by
written notice to the Company, may withdraw such request, and on receipt of such notice of the
withdrawal from holders owning a percentage of the Registrable Securities such that holders that
have not elected to withdraw do not own in the aggregate the requisite percentage to initiate
a request under this Section 1, the Company shall not effect such registration (and such
Demand Registration will count as a request pursuant to Section 1(a) unless the Company is
reimbursed by such holder or holders for all reasonable out-of-pocket expenses incurred by the
Company in connection with such registration).
(e) Shelf Registration. The holders of a majority of the Registrable Securities
requested to be registered in connection with any Demand Registration may, in connection with such
Demand Registration requested by such holders, require the Company to file a shelf registration
statement with the Securities and Exchange Commission in accordance with and pursuant to Rule 415
promulgated under the Securities Act (or any successor rule then in effect) (a “Shelf
Registration”).
(f) Priority on Demand Registrations. The Company shall not include in any Demand
Registration any securities which are not Registrable Securities without the prior written consent
of the holders of a majority of the Registrable Securities included in such registration. If a
Demand Registration is an underwritten offering and the managing underwriters advise the Company in
writing that in their opinion the number of Registrable Securities and, if permitted hereunder,
other securities requested to be included in such offering exceeds the number of Registrable
Securities and other securities, if any, which can be sold in an orderly manner in such offering
within a price range acceptable to the holders of a majority of the Registrable Securities
initially requesting registration, the Company shall include in such registration the number which
can be so sold in the following order of priority: (i) first, the Registrable Securities
requested to be included in such registration, which in the opinion of such underwriter can be sold
in an orderly manner within the price range of such offering, pro rata among the respective holders
of such Registrable Securities on the basis of the number of shares of such Registrable Securities
owned by each such holder, and (ii) second, other securities, if any, requested to be
included in such registration to the extent permitted hereunder.
(g) Restrictions on Demand Registrations.
(i) The Company shall not be obligated to effect (A) any Demand Registration on Form S-1 (or
any similar long-form registration) unless the aggregate fair market value of the Registrable
Securities requested to be registered in such Demand Registration (including any Registrable
Securities requested to be included in such Demand Registration pursuant to Section 1(b)
hereof by holders other than holders that instituted such Demand Registration) is at least
$100,000,000 (based on the Closing Price on the Trading Day prior to the day on which such request
for a Demand Registration is given), (B) any Demand Registration on Form S-3 (or any similar
short-form registration) unless the aggregate fair market value of the Registrable Securities
requested to be registered in such Demand Registration (including any Registrable Securities
requested to be included in such Demand Registration pursuant to Section 1(b) hereof by
holders other than holders that instituted such Demand Registration) is at least $40,000,000 (based
on the Closing Price on the Trading Day prior to the day on which such request for a Demand
Registration is given) or (C) any Demand Registration within 120 days (or 180 days if such Demand
Registration was on a Form S-1 or any successor form) after the effective date of a previous Demand
Registration or a previous registration in which the holders of Registrable Securities were given
piggyback rights pursuant to Section 2 and, in each case, in
which such holders were able to register and sell at least 90% of the number of Registrable
Securities requested to be included therein. In addition, the Company shall not be obligated to
effect any Demand Registration during the period starting with the date that is sixty (60) days
prior to the Board’s good faith estimate of the date of filing of, and ending on the date that is
ninety (90) days (provided that such 90-day period shall be reduced by the number of days in which
the 60-day period shall have been extended, if any) after the effective date of, a Company
initiated registration, provided that the Company is actively employing in good faith all
reasonable efforts to cause such registration to become effective, and provided, further
that the aggregate number of days that any one or more Demand Registrations are suspended or
delayed by operation of this Section 1(g) shall not exceed 180 days in any twelve month
period.
(ii) The Company may postpone, for a reasonable period of time, the filing of, or suspend the
effectiveness of, any registration statement for a Demand Registration or amendment thereto, or
suspend the use of any prospectus and shall not be required to amend or supplement the registration
statement, any related prospectus or any document incorporated therein by reference if the Board,
in its reasonable good faith judgment, determines that it would reasonably be expected to have a
material adverse effect on any plan or proposal by the Company to engage in any acquisition or
disposition of assets (other than in the ordinary course of business) or any stock purchase,
merger, consolidation, tender offer, reorganization or similar transaction or would require the
disclosure of information that has not been disclosed to the public, the premature disclosure of
which would materially adversely affect the Company; provided that in such event, the
duration of the rights of the holders to require Demand Registrations pursuant to this Section
1 and to participate in Piggyback Registrations pursuant to Section 2 shall be extended
by the period of any such postponement; and provided, further that the Company may
delay a Demand Registration hereunder only once in any 12-month period and the duration of such
postponement or suspension may not exceed more than 90 consecutive days in any 12 month period.
(iii) In the event of any such suspension or delay, the holders of Registrable Securities
initially requesting a Demand Registration that is suspended or delayed by operation of this
Section 1(g) shall be entitled to withdraw such request and, if such request is withdrawn,
such Demand Registration shall not count as one of the permitted Demand Registrations hereunder,
and the Company shall pay all Registration Expenses in connection with such registration.
(h) Selection of Underwriters. In the event of a Demand Registration pursuant to this
Section 1, the Company shall select the underwriter(s) for each underwritten offering,
subject to the reasonable approval of the holders of a majority of the Registrable Securities to be
registered.
2. Piggyback Registrations.
(a) Right to Piggyback. Whenever the Company proposes to register any of its
securities under the Securities Act (other than pursuant to a Demand Registration) and the
registration form to be used may be used for the registration of Registrable Securities (a
“Piggyback Registration”), the Company shall give prompt written notice to all holders of
Registrable Securities of its intention to effect such a registration and shall, subject to the
provisions of Sections 2(c) and (d) below, include in such registration all
Registrable Securities with respect to which the Company has received written requests for
inclusion therein within 15 days after the receipt of the Company’s notice. Notwithstanding
anything to the contrary contained herein, in the event the registration statement is initiated by
the Company, the Company may determine not to proceed with a registration which is the subject of
such notice.
(b) Piggyback Expenses. The Registration Expenses of the holders of Registrable
Securities shall be paid by the Company in all Piggyback Registrations.
(c) Priority on Primary Registrations. If a Piggyback Registration is an underwritten
primary registration on behalf of the Company, and the managing underwriters advise the Company in
writing that in their opinion the number of securities requested to be included in such
registration exceeds the number which can be sold in an orderly manner in such offering within a
price range acceptable to the Company, the Company shall include in such registration the number
which can be so sold in the following order of priority: (i) first, the securities the
Company proposes to sell, (ii) second, the Registrable Securities requested to be included
in such registration, which in the opinion of such underwriter can be sold in an orderly manner
within the price range of such offering, pro rata among the holders of such Registrable Securities
on the basis of the number of shares of such Registrable Securities owned by each such holder, and
(iii) third, other securities, if any, requested to be included in such registration, which
in the opinion of such underwriter can be sold in an orderly manner within the price range of such
offering.
(d) Priority on Secondary Registrations. If a Piggyback Registration is an
underwritten secondary registration on behalf of holders of the Company’s securities (it being
understood that demand registrations on behalf of holders of Registrable Securities are addressed
in Section 1 rather than this Section 2), and the managing underwriters advise the
Company in writing that in their opinion the number of securities requested to be included in such
registration exceeds the number which can be sold in an orderly manner in such offering within a
price range acceptable to the holders initially requesting such registration, the Company shall
include in such registration the number which can be so sold in the following order of priority:
(i) first, the securities requested to be included therein by the holders requesting such
registration and the Registrable Securities requested to be included in such registration, which in
the opinion of such underwriter can be sold in an orderly manner within the price range of such
offering, pro rata among the holders of all such securities on the basis of the number of
securities owned by each such holder, and (ii) second, other securities, if any, requested
to be included in such registration, which in the opinion of such underwriter can be sold in an
orderly manner within the price range of such offering.
(e) Selection of Underwriters. In the event of a Piggyback Registration pursuant to
Section 2(c), the Company shall select a nationally recognized underwriter(s) for such
underwritten offering. In the event of a Piggyback Registration pursuant to Section 2(d),
the Company shall select the underwriter(s) for each underwritten offering, subject to the
reasonable approval of the holders of a majority of the Registrable Securities to be registered.
(f) Right to Terminate Registration. The Company shall have the right to terminate or
withdraw any registration initiated by it under this Section 2 whether or not any
holder of Registrable Securities has elected to include securities in such registration,
without prejudice to the rights of any holder to include Registrable Securities in any future
registration (or registrations) pursuant to this Section 2 or, if applicable, to cause such
registration to be effected as a registration under Section 1 hereof, as the case may be.
The Registration Expenses of such withdrawn registration shall be borne by the Company in
accordance with Section 5 hereof.
(g) Not Counted as a Demand Registration. No registration effected under this Section
2 shall relieve the Company of its obligation to effect any registration upon request under Section
1(a) hereof and no registration effected pursuant to this Section 2 shall be deemed to have been
effected pursuant to Section 1(a) hereof.
3. Holdback Agreements.
(a) Holders of Registrable Securities. Each holder of Registrable Securities shall not
effect any public sale or distribution (including sales pursuant to Rule 144) of equity securities
of the Company, or any securities convertible into or exchangeable or exercisable for such
securities, during (i) with respect to any underwritten Demand Registration or any underwritten
Piggyback Registration in which Registrable Securities of such holder are included in such
registration, the seven days prior to and the 90 day period beginning on the effective date of such
registration, provided, however, that (x) the Company and the managing underwriter may not
discriminate among the holders with respect to any holdback arrangement pursuant to this
Section 3 and (y) all officers and directors of the Company are bound by and have entered
into similar agreements to the extent required by the managing underwriter(s), and (ii) upon notice
from the Company of the commencement of an underwritten distribution in connection with any Shelf
Registration in which Registrable Securities of such holder are included in such distribution, the
seven days prior to and the 90 day period beginning on the date of commencement of such
distribution, provided, however, that (x) the Company and the managing underwriter may not
discriminate among the holders with respect to any holdback arrangement pursuant to this
Section 3 and (y) all officers and directors of the Company are bound by and have entered
into similar agreements to the extent required by the managing underwriter(s), in each case except
as part of such underwritten registration or distribution, and in each case unless the underwriters
managing the public offering otherwise agree. Each holder of Registrable Securities whose
Registrable Securities are included as part of any such underwritten registration or distribution
agrees to execute a customary lock-up agreement in favor of the Company’s underwriters to such
effect and, in any event, that the Company’s underwriters in any relevant offering shall be third
party beneficiaries of this Section 3(a).
(b) The Company. The Company shall not effect any public sale or distribution of its
equity securities, or any securities convertible into or exchangeable or exercisable for such
securities (except pursuant to registrations on Form X-0, Xxxx X-0 or any successor forms), during
(i) with respect to any underwritten Demand Registration or any underwritten Piggyback Registration
in which the holders of Registrable Securities are participating, the seven days prior to and the
90 day period beginning on the effective date of such registration, and (ii) upon notice from any
holder(s) of Registrable Securities that such holder(s) intend to effect a distribution of
Registrable Securities pursuant to a Shelf Registration (upon receipt of which, the Company will
promptly notify all other holders of Registrable
Securities of the date of commencement of such distribution), the seven days prior to and the
90 day period beginning on the date of commencement of such distribution.
4. Registration Procedures. Whenever the holders of Registrable Securities have
requested that any Registrable Securities be registered pursuant to this Agreement, the Company
shall use its commercially reasonable efforts to effect the registration and the sale of such
Registrable Securities in accordance with the intended method of disposition thereof, and pursuant
thereto the Company shall as promptly as practicable:
(a) prepare and file with the Securities and Exchange Commission a registration statement with
respect to such Registrable Securities (and, in the case of a Demand Registration, the Company
shall use its commercially reasonable efforts to make such filing within 90 days of its receipt of
a Demand Notice) and use its commercially reasonable efforts to cause such registration statement
to become effective (and, in the case of a Demand Registration, use its commercially reasonable
efforts to cause such registration statement to become effective within 120 days of its receipt of
a Demand Notice); provided that a reasonable time before filing a registration statement or
prospectus or any amendments or supplements thereto, the Company shall furnish to the counsel
selected by the holders of a majority of the Registrable Securities covered by such registration
statement copies of all such documents proposed to be filed;
(b) notify each holder of Registrable Securities of the effectiveness of each registration
statement filed hereunder and prepare and file with the Securities and Exchange Commission such
amendments and supplements to such registration statement and the prospectus used in connection
therewith as may be necessary to keep such registration statement effective for a period of not
less than 90 days (plus a number of days equal to the number of days, if any, that such
registration statement is not kept effective (including any days for which the registration
statement is suspended pursuant to Section 1(g)(ii)) (or, if sooner, until all Registrable
Securities have been sold under such Registration Statement) (or, in the case of a Shelf
Registration, a period ending on the earlier of (i) the date on which all Registrable Securities
have been sold pursuant to the Shelf Registration or have otherwise ceased to be Registrable
Securities, and (ii) the two year anniversary of the effective date of such Shelf Registration) and
comply with the provisions of the Securities Act with respect to the disposition of all securities
covered by such registration statement during such period in accordance with the intended methods
of disposition by the sellers thereof set forth in such registration statement;
(c) furnish to each seller of Registrable Securities and their representatives such number of
copies of such registration statement, each amendment and supplement thereto, the prospectus
included in such registration statement (including each preliminary prospectus and any summary
prospectus) and such other documents as such seller may reasonably request in order to facilitate
the disposition of the Registrable Securities owned by such seller;
(d) use its commercially reasonable efforts (i) to register or qualify such Registrable
Securities under such other securities or blue sky laws of such jurisdictions as any seller
reasonably requests, (ii) to keep such registration or qualification in effect for so long as such
registration statement remains in effect, and (iii) to do any and all other acts and things which
may be reasonably necessary or advisable to enable such seller to consummate the disposition in
such jurisdictions of the Registrable Securities owned by such seller (provided that
the Company shall not be required to (i) qualify generally to do business as a foreign
corporation in any jurisdiction where it would not otherwise be required to qualify but for this
subsection, (ii) subject itself to taxation in any such jurisdiction or (iii) consent to general
service of process in any such jurisdiction);
(e) notify each seller of such Registrable Securities (i) at any time when a prospectus
relating thereto is required to be delivered under the Securities Act, (A) upon discovery that, or
upon the happening of any event as a result of which, the prospectus included in such registration
statement contains an untrue statement of a material fact or omits to state any material fact
required to be stated therein or necessary to make the statements therein not misleading in light
of the circumstances under which they were made, in each case, that has not been corrected or
superseded, and, at the request of any such seller, the Company shall prepare a supplement or
amendment to such prospectus so that, as thereafter delivered to the purchasers of such Registrable
Securities, such prospectus, as supplemented, amended or superseded, shall not contain an untrue
statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the circumstances under which
they were made, (B) after the Company becomes aware of any request by the Securities and Exchange
Commission or any Federal or state governmental authority for amendments or supplements to a
registration statement or related prospectus covering Registrable Securities or for additional
information relating thereto, (C) after the Company becomes aware of the issuance or threatened
issuance by the Securities and Exchange Commission of any stop order suspending or threatening to
suspend the effectiveness of a registration statement covering the Registrable Securities or (D) of
the receipt by the Company of any notification with respect to the suspension of the qualification
or exemption from qualification of any Registrable Security for sale in any jurisdiction, or the
initiation or threatening of any proceeding for such purpose; and (ii) when each registration
statement or any amendment thereto has been filed with the Securities and Exchange Commission and
when each registration statement or any post-effective amendment thereto has become effective;
(f) cause all such Registrable Securities (i) if the Common Stock is then listed on a
securities exchange or included for quotation in a recognized trading market, to continue to be so
listed on such securities exchange or included for quotation in such recognized trading market or
if the Common Stock is not then listed on a securities exchange or included for quotation in a
recognized trading market, use its commercially reasonable efforts to list the Registrable
Securities on a national securities exchange, and (ii) to be registered with or approved by such
other governmental agencies or authorities as may be necessary to enable the sellers thereof to
consummate the disposition of the Registrable Securities;
(g) provide and cause to be maintained a transfer agent and registrar for all such Registrable
Securities from and after the effective date of such registration statement;
(h) enter into such customary agreements (including underwriting agreements in customary form)
and take all such other actions as the holders of a majority of the Registrable Securities being
sold or the underwriters, if any, reasonably request in order to expedite or facilitate the
disposition of such Registrable Securities;
(i) make available for inspection by any seller of Registrable Securities, any underwriter
participating in any disposition pursuant to such registration statement and any attorney,
accountant or other agent retained by any such seller or underwriter, all financial and other
records, pertinent corporate documents and properties of the Company, and cause the Company’s
officers, directors, employees and independent accountants to supply all information, in each case,
as reasonably requested by any such seller, underwriter, attorney, accountant or agent in
connection with such registration statement;
(j) otherwise use its commercially reasonable efforts to comply with all applicable rules and
regulations of the Securities and Exchange Commission and any other governmental agency or
authority having jurisdiction over the offering, and make available to its security holders, as
soon as reasonably practicable, an earnings statement covering the period of at least twelve months
beginning with the first day of the Company’s first full calendar quarter after the effective date
of the registration statement, which earnings statement shall satisfy the provisions of Section
11(a) of the Securities Act and Rule 158 thereunder;
(k) cause its officers to use their commercially reasonable efforts to support the marketing
of the Registrable Securities covered by the registration statement (including, without limitation,
participation in “road shows”);
(l) cooperate with each seller of Registrable Securities and each underwriter and agent
participating in the disposition of such Registrable Securities and their respective counsel in
connection with any required filings;
(m) use its commercially reasonable efforts to obtain and, if obtained, furnish to each seller
of Registrable Securities, and each such seller’s underwriters, if any, a signed
(i) opinion of counsel for the Company, dated the effective date of such registration
statement (and, if such registration involves an underwritten offering, dated the date of
the closing under the underwriting agreement and addressed to the underwriters), reasonably
satisfactory (based on the customary form and substance of opinions of issuers’ counsel
customarily given in such an offering) in form and substance to such seller, and
(ii) “cold comfort” letter, dated the effective date of such registration statement
(and, if such registration involves an underwritten offering, dated the date of the closing
under the underwriting agreement and addressed to the underwriters) and signed by the
independent public accountants who have certified the Company’s financial statements
included or incorporated by reference in such registration statement, reasonably
satisfactory (based on the customary form and substance of “cold comfort” letters of
issuers’ independent public accountant customarily given in such an offering) in form and
substance to such seller,
in each case, covering substantially the same matters with respect to such registration statement
(and the prospectus included therein) and, in the case of the accountants’ comfort letter, with
respect to events subsequent to the date of such financial statements, as are customarily covered
in opinions of issuer’s counsel and in accountants’ comfort letters delivered to underwriters in
such types of offerings of securities.
5. Registration Expenses.
(a) Expenses. All expenses incident to the Company’s performance of or compliance with
this Agreement, including all registration, filing, listing, stock exchange and FINRA fees
(including, without limitation, all fees and expenses of any “qualified independent underwriter”
required by the rules of FINRA), fees and expenses of compliance with securities or blue sky laws,
rating agency fees, printing expenses, messenger and delivery expenses, fees and disbursements of
custodians, the reasonable fees, disbursements and other charges of one firm of counsel in each
applicable jurisdiction (per registration statement prepared) to the holders of Registrable
Securities making a request pursuant to Section 1 or Section 2 hereof (selected by
the holders of a majority of the Registrable Securities covered by such registration), and fees and
disbursements of counsel for the Company and all independent certified public accountants,
underwriters (excluding discounts and commissions) and other Persons retained by the Company (all
such expenses being herein called “Registration Expenses”), shall be borne by the Company.
The Company shall, in any event, pay its internal expenses (including all salaries and expenses of
its officers and employees performing legal or accounting duties), the expense of any annual audit
or quarterly review, the expense of any liability insurance and the expenses and fees for listing
the securities to be registered on each securities exchange on which securities issued by the
Company are listed. If the Company shall not register any securities with respect to which it had
given written notice of its intention to register to holders, notwithstanding anything to the
contrary, all reasonable out-of-pocket expenses incurred by such requesting holders in connection
with such registration (other than the reasonable fees, disbursements and other charges of counsel
other than the one firm of counsel referred to above) shall be deemed to be Registration Expenses.
(b) Payment of Certain Expenses by Holders of Registrable Securities. Underwriting
discounts and commissions and transfer taxes relating to the Registrable Securities included in any
registration hereunder, and all fees and expenses of counsel for any holder of Registrable
Securities (other than fees and expenses to be reimbursed by the Company as set forth in
Section 5(a)) shall be borne and paid by all sellers of securities included in such
registration in proportion to the aggregate selling price of the securities to be so registered.
6. Indemnification; Contribution.
(a) The Company agrees to indemnify, to the extent permitted by law, each holder or seller of
Registrable Securities and each Person that controls (within the meaning of the Securities Act and
the Exchange Act) such holder or seller, and their respective stockholders, officers, directors,
partners, employees, agents and Affiliates against all losses, claims, damages, liabilities (or
actions or proceedings, whether commenced or threatened, in respect thereof and whether or not such
indemnified party is a party thereto), joint or several, and expenses, including attorneys’ fees
and disbursements and expenses of investigation (collectively, “Losses”), arising out of,
based upon, relating to or resulting from any untrue or alleged untrue statement of material fact
contained in any registration statement, prospectus or preliminary prospectus or summary prospectus
related thereto or any amendment thereof or supplement
thereto (or any document incorporated by reference in any of the foregoing) (collectively,
“Offering Documents”), any omission or alleged omission of a material fact required to be
stated therein or necessary to make the statements therein not misleading in light of the
circumstances in which they were made, or violation or alleged violation by the Company of any
applicable federal or state securities law or any rule or regulation promulgated thereunder, except
insofar as the same are caused by or contained in any information furnished in writing to the
Company by such holder expressly for use therein. In connection with an underwritten offering, the
Company shall indemnify such underwriters, their stockholders, officers, directors, partners,
employees, agents and Affiliates and each Person who controls (within the meaning of the Securities
Act and the Exchange Act) such underwriters to the same extent as provided above with respect to
the indemnification of the holders or sellers of Registrable Securities.
(b) In connection with any registration statement filed by the Company pursuant to Section
1 or Section 2 hereof in which a holder of Registrable Securities is participating,
each such holder shall furnish to the Company in writing such information and affidavits as the
Company reasonably requests for use in connection with any such registration statement or
prospectus and, to the extent permitted by law, shall, on a several and not joint basis, indemnify
the Company, its stockholders, directors, officers, partners, employees, agents and Affiliates and
each Person who controls (within the meaning of the Securities Act and the Exchange Act) the
Company against any Losses arising out of, based upon, relating to or resulting from any untrue or
alleged untrue statement of material fact contained in any Offering Documents or any omission or
alleged omission of a material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances under which they were made, but
only to the extent that such untrue statement or omission is contained in any writing furnished by
such holder expressly for use therein; provided however that such liability shall
be limited to the net amount of proceeds received by such holder from the sale of Registrable
Securities pursuant to such registration statement.
(c) Any Person entitled to indemnification hereunder shall (i) give prompt written notice to
the indemnifying party of any claim with respect to which it seeks indemnification (provided that
the failure to give prompt notice shall not impair any Person’s right to indemnification hereunder
to the extent such failure has not actually prejudiced the indemnifying party) and (ii) unless in
such indemnified party’s reasonable judgment (x) a conflict of interest between such indemnified
and indemnifying parties may exist with respect to such claim or (y) such indemnified party has one
or more defenses to such claim that are not available to the indemnifying party, permit such
indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the
indemnified party at such indemnifying party’s own expense. If such defense is assumed, the
indemnifying party shall not settle such claim unless the indemnified party is released and
discharged of any and all liability. Whether or not such defense is assumed, the indemnifying
party shall not be subject to any liability for any settlement made by the indemnified party
without its consent (but such consent shall not be unreasonably withheld). An indemnifying party
who is not entitled to, or elects not to, assume the defense of a claim shall not be obligated to
pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying
party with respect to such claim.
(d) The indemnification provided for under this Agreement shall remain in full force and
effect regardless of any investigation made by or on behalf of the indemnified
party or any stockholder, officer, director, employee, partner, agent or Affiliate or
controlling (within the meaning of the Securities Act and the Exchange Act) Person of such
indemnified party and shall survive the transfer of securities.
(e) If the indemnification required by this Section 6 from the indemnifying party is
unavailable to an indemnified party hereunder in respect of any Losses referred to in this
Section 6:
(i) The indemnifying party, in lieu of indemnifying such indemnified party, shall
contribute to the amount paid or payable by such indemnified party as a result of such
Losses in such proportion as is appropriate to reflect the relative fault of the
indemnifying party and indemnified parties in connection with the actions which resulted in
such Losses, as well as any other relevant equitable considerations. If the allocation
provided by clause (i) is not permitted by applicable law, then the allocation shall be in
such proportion as shall be appropriate to reflect the relative benefits received by the
Company, on the one hand, and such prospective sellers, on the other hand, from their sale
of Registrable Securities; provided that the relative benefits received by the
prospective sellers shall be deemed not to exceed the net proceeds received by such sellers.
The relative fault of such indemnifying party and indemnified parties shall be determined
by reference to, among other things, whether any violation has been committed by, or relates
to information supplied by, such indemnifying party or indemnified parties, and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such
violation. The amount paid or payable by a party as a result of Losses shall be deemed to
include, subject to the limitations set forth in Section 6(a) and Section
6(b), any legal or other fees or expenses reasonably incurred by such party in
connection with any investigation or proceeding. The obligations, if any, of the selling
holders to contribute as provided in this Section 6(e) are several in proportion to
the relative value of their respective Registrable Securities covered by such registration
statement and not joint. In addition, no Person shall be obligated to contribute hereunder
any amounts in payment for any settlement of any action or Loss effected without such
Person’s consent, which shall not be unreasonably withheld.
(ii) The parties hereto agree that it would not be just and equitable if contribution
pursuant to this Section 6(e) were determined solely by pro rata allocation or by
any other method of allocation which does not take into account the equitable considerations
referred to in Section 6(e)(i); provided, however, that with respect to any pro rata
allocation, the holders of Registrable Securities included in any such registration shall be
deemed to have only received the net proceeds from such holders’ sales of Registrable
Securities in such registration. 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.
7. Participation in Underwritten Registrations.
(a) No Person may participate in any registration hereunder which is underwritten unless such
Person (i) agrees to sell such Person’s securities on the basis provided
in any underwriting arrangements approved by the Person or Persons entitled hereunder to
approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney,
indemnities, underwriting agreements and other documents required under the terms of such
underwriting arrangements. Each holder of Registrable Securities agrees to execute and deliver
such other agreements as may be reasonably requested by the Company and the lead managing
underwriter(s) that are consistent with such holder’s obligations under Section 3 or that are
necessary to give further effect thereto. No such holder shall be required to make any
representations or warranties to or agreements with the Company or the underwriters other than
representations, warranties or agreements regarding such holder and such holder’s Registrable
Securities.
(b) Each Person that is participating in any registration hereunder agrees that, upon receipt
of any notice from the Company of the happening of any event of the kind described in Section
4(e)(i), such Person will forthwith discontinue the disposition of its Registrable Securities
pursuant to the applicable registration statement until such Person’s receipt of the copies of a
supplemented or amended prospectus as contemplated by Section 4(e)(i). In the event the
Company shall give any such notice, the applicable time period mentioned in Section 4(b)
during which a Registration Statement is to remain effective shall, to the extent possible, be
extended by the number of days during the period from and including the date of the giving of such
notice pursuant to Section 4(e)(i) to and including the date when each seller of a
Registrable Security covered by such registration statement shall have received the copies of the
supplemented or amended prospectus contemplated by Section 4(e)(i).
(c) In connection with the preparation and filing of each registration statement under the
Securities Act pursuant to this Agreement, the Company shall (i) give representatives (designated
to the Company in writing) of each holder of Registrable Securities or group of holders, the
underwriters, if any, and one firm of counsel, one firm of accountants and one firm of other agents
retained on behalf of all underwriters and one firm of counsel, one firm of accountants and one
firm of other agents retained by holders of a majority of Registrable Securities covered by such
registration statement on behalf of all holders of Registrable Securities registered under such
registration statement, the reasonable opportunity to participate in the preparation of such
registration statement, each prospectus included therein or filed with the Securities and Exchange
Commission, and each amendment thereof or supplement thereto, (ii) upon reasonable advance notice
to the Company, give each of them such reasonable access to all financial and other records,
corporate documents and properties of the Company and its Subsidiaries, as shall be necessary, in
the reasonable opinion of such holders’ and such underwriters’ counsel, to conduct a reasonable due
diligence investigation for purposes of the Securities Act, and (iii) upon reasonable advance
notice to the Company, provide such reasonable opportunities to discuss the business of the Company
with its officers, directors, employees and the independent public accountants who have certified
its financial statements as shall be necessary, in the reasonable opinion of such holders’ and such
underwriters’ counsel, to conduct a reasonable due diligence investigation for purposes of the
Securities Act.
8. Effective Time. This Agreement shall be effective in accordance with the terms and
conditions set forth in the Plan and the confirmation order related thereto.
9. Definitions.
“Affiliate” of any particular Person means any other Person directly or indirectly
controlling, controlled by or under common control with such Person.
“Agreement” has the meaning specified in the first paragraph hereof.
“Board” means the board of directors of the Company.
“Closing Price” means on any particular date (a) if the Common Stock is then listed or
quoted on a Trading Market, (i) the closing price per share of Common Stock on such date on the
principal Trading Market (as reported by Bloomberg L.P. or a similar organization or agency
succeeding to its functions of reporting prices) or (ii) if there shall have been no sales of
Common Stock on such principal Trading Market on such day, the average of the reported closing bid
and asked prices per share of Common Stock on such principal Trading Market (as reported by
Bloomberg L.P. or a similar organization or agency succeeding to its functions of reporting
prices), (b) if the Common Stock is not then listed or quoted on a Trading Market and if prices for
the Common Stock are then reported in the “pink sheets” published by Pink OTC Markets, Inc. (or a
similar organization or agency succeeding to its functions of reporting prices), the average of the
reported closing bid and asked prices per share of Common Stock so reported or (c) if the shares of
Common Stock are not then publicly traded the fair market value as of such date of a share of
Common Stock as reasonably determined in good faith by the Board of Directors of the Company.
“Common Stock” means the shares of common stock of the Company, par value $0.01 per
share.
“Company” has the meaning specified in the preamble hereto.
“Company Notice” has the meaning specified in Section 1(b).
“control” (including the terms “controlling,” “controlled by” and “under common
control with”) means the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a person, whether through the ownership of voting
shares, by contract, or otherwise.
“Demand Notice” has the meaning specified in Section 1(b).
“Demand Registration” has the meaning specified in Section 1(a).
“Effective Date” has the meaning assigned to such term in the Plan.
“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to
time.
“FINRA” shall mean the Financial Industry Regulatory Authority.
“Person” means an individual, a partnership, a corporation, a limited liability
company, an association, a joint stock company, a trust, a joint venture, an unincorporated
organization and a governmental entity or any department, agency or political subdivision thereof.
“Piggyback Registration” has the meaning specified in Section 2(a).
“Plan” means the Joint Plan of Reorganization under chapter 11 of title 11 of the
United States Code of Xxxx Corporation, et al., Case No. 09-14326, as confirmed on November 5, 2009
by order of the United States Bankruptcy Court for the Southern District of New York.
“Registrable Securities” means (i) any shares of Common Stock issued on or after the
Effective Date to or otherwise acquired by Persons who are parties hereto (including, without
limitation, any shares of Common Stock issued pursuant to the Plan) and any shares of Common Stock
issued upon the conversion or exercise of any other securities of the Company (together with any
securities issued or issuable with respect to any of the foregoing securities by way of a stock
dividend or stock split or in connection with a combination of shares, recapitalization, merger,
consolidation or other reorganization, or upon conversion or exercise of any such securities) and
(ii) any Warrants issued to or otherwise acquired by Persons who are parties hereto;
provided, that such securities shall cease to be Registrable Securities when they have been
(A) effectively registered under the Securities Act and disposed of in accordance with the
registration statement covering them or (B) distributed to the public through a broker, dealer or
market maker pursuant to Rule 144 under the Securities Act (or any similar rule promulgated by the
Securities and Exchange Commission then in force).
“Registration Expenses” has the meaning specified in Section 5(a).
“Securities Act” means the Securities Act of 1933, as amended from time to time.
“Securities and Exchange Commission” means the United States Securities and Exchange
Commission or any successor governmental agency.
“Shelf Registration” has the meaning specified in Section 1(e).
“Subsidiary” means, with respect to any Person, any corporation, limited liability
company, partnership, association or other business entity of which (i) if a corporation, a
majority of the total voting power of shares of stock entitled (without regard to the occurrence of
any contingency) to vote in the election of directors, managers or trustees thereof is at the time
owned or controlled, directly or indirectly, by that Person or one or more of the other
Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company,
partnership, association or other business entity, a majority of the membership, partnership or
other similar ownership interest thereof is at the time owned or controlled, directly or
indirectly, by any Person or one or more of the other Subsidiaries of that Person or a combination
thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership
interest in a limited liability company, partnership, association or other business entity if such
Person or Persons shall be allocated a majority of the gains or losses of such limited liability
company, partnership, association or other business entity or shall be or control (or have the
power to
control) a managing director, manager or general partner of such limited liability company,
partnership, association or other business entity.
“Trading Day” means (a) if the Common Stock is listed or quoted on a Trading Market, a
day on which the principal Trading Market is open for business or (b) if the Common Stock is not
listed or quoted on a Trading Market, a business day.
“Trading Market” means any of the following markets or exchanges on which the Common
Stock is listed or quoted for trading on the date in question: the NYSE Amex Equities, the Nasdaq
Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock
Exchange or the OTC Bulletin Board.
“Warrants” means the warrants to purchase Common Stock issued on the Effective Date
pursuant to the Plan.
10. Amendment, Modification and Waivers; Further Assurances.
(a) Amendment. This Agreement may be amended with the consent of the Company, and the
Company may take any action herein prohibited, or omit to perform any act herein required to be
performed by it, in each case only if the Company shall have obtained the prior written consent of
the holders of at least a majority of the Registrable Securities then outstanding to such
amendment, action or omission to act; provided that if any such amendment or waiver is to a
provision in this Agreement that requires a specific vote to take an action thereunder or to take
an action with respect to the matters described therein, such amendment or waiver shall not be
effective unless such specific vote is obtained with respect to such amendment or waiver.
Notwithstanding the foregoing, additional Persons may from time to time become parties to this
Agreement in accordance with Section 14.
(b) Effect of Waiver. No waiver of any terms or conditions of this Agreement shall
operate as a waiver of any other breach of such terms and 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. No written waiver hereunder, unless it by its own terms
explicitly provides to the contrary, shall be construed to effect a continuing waiver of the
provisions 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.
(c) Further Assurances. Each of the parties hereto shall execute all such further
instruments and documents and take all such further action as any other party hereto may reasonably
require in order to effectuate the terms and purposes of this Agreement.
11. Calculation of Percentage or Number of Shares of Registrable Securities. For
purposes of this Agreement, all references to a percentage or number of shares of Common Stock or
Common Stock underlying such Registrable Securities shall be calculated based upon the number of
shares of Common Stock or Common Stock underlying such Registrable Securities, as the case may be,
outstanding at the time such calculation is made and shall exclude any Common Stock or Common Stock
underlying such Registrable Securities, as the case may be,
beneficially owned by the Company or any Subsidiary of the Company. For the purposes of
calculating any percentage or number of shares of Common Stock or Common Stock underlying such
Registrable Securities as contemplated by the previous sentence, the term “holder” shall include
all Affiliates thereof (other than the Company and its Subsidiaries) beneficially owning any shares
of Common Stock or Common Stock underlying such Registrable Securities.
12. Rule 144. If the Company has a class of equity securities registered under the
Exchange Act, the Company shall take such actions reasonably necessary to enable the holders to
sell Registrable Securities without registration under the Securities Act to the maximum extent
permitted by the exemptions provided by (a) Rule 144 under the Securities Act, as such Rule may be
amended from time to time or (b) any similar rules or regulations hereafter adopted by the
Securities and Exchange Commission, including, without limiting the generality of the foregoing,
filing on a timely basis all reports required to be filed under the Exchange Act.
13. Assignment. Any holder of Registrable Securities may transfer to any permitted
transferee (as permitted under applicable law) its Registrable Securities and its rights and
obligations under this Agreement; provided that such permitted transferee shall not be
deemed to be a holder of Registrable Securities or have any rights or obligations under this
Agreement unless and until such permitted transferee elects to become a party to this Agreement
within the time period and in accordance with the other requirements set forth in Section
14. Upon satisfaction of all requirements under Section 14, such permitted transferee
shall for all purposes be deemed to be a holder of Registrable Securities and shall be bound by
this Agreement as if it were an original party hereto.
14. Parties to Agreement. Any Person who receives Common Stock or Warrants on the
Effective Date pursuant to the terms of the Plan or is a permitted transferee of Registrable
Securities pursuant to Section 13 shall have the right to elect to become a party to this
Agreement by (i) providing written notice of such election to the Company in accordance with
Section 16(h) within 30 days after the Effective Date or the date of any transfer pursuant
to Section 13, as applicable, and (ii) promptly executing and returning to the Company a
counterpart signature page to this Agreement. The Company shall furnish, without charge, to each
Person referred to in the immediately preceding sentence a copy of this Agreement upon written
request to the Company in accordance with Section 16(h). In addition, this Agreement shall
be filed with the Securities and Exchange Commission, and any Person may obtain a copy thereof for
execution from the Securities and Exchange Commission’s internet site at xxxx://xxx.xxx.xxx.
15. Termination. This Agreement and all rights and obligations of the parties
hereunder shall terminate automatically on November 9, 2012; provided, however, that the parties’
respective obligations under Sections 5, 6 and 16(g) shall survive any termination
of this Agreement.
16. Miscellaneous.
(a) No Inconsistent Agreements. The Company shall not hereafter enter into any
agreement with respect to its securities which is inconsistent with or violates the rights granted
to the holders of Registrable Securities in this Agreement.
(b) Remedies; Specific Performance. Any Person having rights under any provision of
this Agreement shall be entitled to enforce such rights specifically, to recover damages caused by
reason of any breach of any provision of this Agreement and to exercise all other rights existing
in their favor. The parties hereto agree and acknowledge that money damages would not be an
adequate remedy for any breach of the provisions of this Agreement and that any party may in its
sole discretion apply to any court of law or equity of competent jurisdiction for specific
performance and/or injunctive relief (without posting any bond or other security) in order to
enforce or prevent violation of the provisions of this Agreement and shall not be required to prove
irreparable injury to such party or that such party does not have an adequate remedy at law with
respect to any breach of this Agreement (each of which elements the parties admit). The parties
hereto further agree and acknowledge that each and every obligation applicable to it and contained
in this Agreement shall be specifically enforceable against it and hereby waives and agrees not to
assert any defenses against an action for specific performance of their respective obligations
hereunder.
(c) Successors and Assigns. All covenants and agreements in this Agreement by or on
behalf of any of the parties hereto shall bind and inure to the benefit of the respective
successors and assigns of the parties hereto (including any trustee in bankruptcy) whether so
expressed or not. In addition, whether or not any express assignment has been made, the provisions
of this Agreement which are for the benefit of purchasers or holders of Registrable Securities are
also for the benefit of, and enforceable by, any subsequent holder of Registrable Securities,
subject to all of the agreements and obligations hereunder.
(d) Severability. Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law, but if any provision
of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall
be ineffective only to the extent of such prohibition or invalidity, without invalidating the
remainder of this Agreement.
(e) Counterparts. This Agreement may be executed simultaneously in two or more
counterparts, any one of which need not contain the signatures of more than one party, but all such
counterparts taken together shall constitute one and the same Agreement.
(f) Descriptive Headings; Interpretation; No Strict Construction. The descriptive
headings of this Agreement are inserted for convenience only and do not constitute a substantive
part of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall
include the corresponding masculine, feminine or neuter forms, and the singular forms of nouns,
pronouns, and verbs shall include the plural and vice versa. References to sections are to sections
of this Agreement unless otherwise stated. Reference to any agreement, document, or instrument
means such agreement, document, or instrument as amended or otherwise modified from time to time in
accordance with the terms thereof, and, if applicable,
hereof. The words “include”, “includes” or “including” in this Agreement shall be deemed to be
followed by “without limitation”. The use of the words “or,” “either” or “any” shall not be
exclusive. The parties hereto have participated jointly in the negotiation and drafting of this
Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement shall be
construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall
arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of
this Agreement.
(g) Governing Law. All issues and questions concerning the construction, validity,
enforcement and interpretation of this Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York, without giving effect to any choice of law or conflict of
law rules or provisions (whether of the State of New York or any other jurisdiction) that would
cause the application of the laws of any jurisdiction other than the State of New York.
(h) Notices. All notices, demands or other communications to be given or delivered
under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to
have been given when (a) delivered personally to the recipient, (b) telecopied to the recipient
(with hard copy sent to the recipient by reputable overnight courier service (charges prepaid) that
same day) if telecopied before 5:00 p.m. New York, New York time on a business day, and otherwise
on the next business day, or (c) one business day after being sent to the recipient by reputable
overnight courier service (charges prepaid). Such notices, demands and other communications shall
be sent to the Company at the address or facsimile number set forth below and to any holder of
Registrable Securities at such address or facsimile number as indicated by the Company’s records,
or at such address or facsimile number or to the attention of such other person as the recipient
party has specified by prior written notice to the sending party. The Company’s address is:
Xxxx Corporation
00000 Xxxxxxxxx Xxxxx
Xxxxxxxxxx, Xxxxxxxx 00000
Attn: General Counsel
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
00000 Xxxxxxxxx Xxxxx
Xxxxxxxxxx, Xxxxxxxx 00000
Attn: General Counsel
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
with a copy to:
Winston & Xxxxxx LLP
00 Xxxx Xxxxxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Attn: Xxxxx X. Xxxx
Xxxxx X. Xxxxxxx
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
00 Xxxx Xxxxxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Attn: Xxxxx X. Xxxx
Xxxxx X. Xxxxxxx
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
If any time period for giving notice or taking action hereunder expires on a day which is a
Saturday, Sunday or legal holiday in the State of New York or the jurisdiction in which the
Company’s principal office is located, the time period shall automatically be extended to the
business day immediately following such Saturday, Sunday or legal holiday. The term “legal
holiday” shall mean any day on which commercial banks in New York City or the jurisdiction in which
the Company’s principal office is located are authorized or required by law to be closed.
(i) Delivery by Facsimile. This Agreement, the agreements referred to herein, and each
other agreement or instrument entered into in connection herewith or therewith or contemplated
hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by
means of a facsimile machine, shall be treated in all manner and respects as an original agreement
or instrument and shall be considered to have the same binding legal effect as if it were the
original signed version thereof delivered in person. At the request of any party hereto or to any
such agreement or instrument, each other party hereto or thereto shall reexecute original forms
thereof and deliver them to all other parties. No party hereto or to any such agreement or
instrument shall raise the use of a facsimile machine to deliver a signature or the fact that any
signature or agreement or instrument was transmitted or communicated through the use of a facsimile
machine as a defense to the formation or enforceability of a contract and each such party forever
waives any such defense.
(j) Waiver of Jury Trial. Each of the parties to this Agreement hereby agrees to waive
its respective rights to a jury trial of any claim or cause of action based upon or arising out of
this Agreement. The scope of this waiver is intended to be all-encompassing of any and all disputes
that may be filed in any court and that relate to the subject matter of this Agreement, including
contract claims, tort claims and all other common law and statutory claims. Each party hereto
acknowledges that this waiver is a material inducement to enter into this Agreement, that each has
already relied on this waiver in entering into this Agreement, and that each will continue to rely
on this waiver in their related future dealings. Each party hereto further warrants and represents
that it has reviewed this waiver with its legal counsel and that it knowingly and voluntarily
waives its jury trial rights following consultation with legal counsel. THIS WAIVER IS IRREVOCABLE,
MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN
WAIVER SPECIFICALLY REFERRING TO THIS SECTION 16(J) AND EXECUTED BY EACH OF THE PARTIES HERETO),
AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO
THIS AGREEMENT. In the event of litigation, this Agreement may be filed as a written consent to a
trial by the court.
(k) Third Party Beneficiaries
This Agreement is solely for the benefit of the parties hereto and no provision of this
Agreement, including any representations, warranties or covenants set forth herein, shall be deemed
to confer upon any third party any rights, remedies, claims, or causes of action, except that (i)
underwriters shall be third party beneficiaries to the extent provided in Section 3(a)
hereof and (ii) Persons entitled to indemnification or contribution under Section 6 shall
be third party beneficiaries of Section 6 hereof.
(l) Arms’ Length Agreement. Each of the parties to this Agreement agrees and
acknowledges that this Agreement has been negotiated in good faith, at arm’s length, and not by any
means prohibited by law.
(m) Sophisticated Parties; Advice of Counsel. Each of the parties to this Agreement
specifically acknowledges that (a) it is a knowledgeable, informed, sophisticated Person capable of
understanding and evaluating the provisions set forth in this Agreement and (b) it has been fully
advised and represented by, or has had the opportunity to retain, legal counsel of its own
independent selection and has relied wholly upon its independent judgment and the advice of such
counsel in negotiating and entering into this Agreement.
(n) Entire Agreement. This Agreement constitutes the entire agreement and
understanding of the parties hereto in respect of the subject matter contained herein, and there
are no restrictions, promises, representations, warranties, covenants, or undertakings with respect
to the subject matter hereof, other than those expressly set forth or referred to herein. This
Agreement supersedes all prior agreements and understandings between the parties hereto with
respect to the subject matter hereof.
[signature page follows]
IN
WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement as of the date first written above.
| XXXX CORPORATION |
|||||
| By: | /s/ Xxxxxxx X. Xxxxxxxxx | ||||
| Xxxxxxx X. Xxxxxxxxx | |||||
| Its: | Senior Vice President and Chief Financial Officer | ||||
| Fayette Group LLC By Its Authorized Signatory, Troob Capital Advisors LLC |
||||
| By: | /s/ Xxxxx Xxxxx | |||
| Xxxxx Xxxxx | ||||
| Its: | Managing Member | |||
| WhiteHorse IV, Ltd By: WhiteHorse Capital Partners, L.P. |
||||
| As
Collateral Manager |
||||
|
WhiteHorse Capital Partners, L.P. By: WhiteRock Asset Advisors As General Partner |
||||
| By: | /s/ Xxxxx Xxxxxxxxx | |||
| Name: | Xxxxx Xxxxxxxxx | |||
| Title: | Portfolio Manager | |||
| BLUE MOUNTAIN CREDIT ALTERNATIVES MASTER FUND L.P. By: BlueMountain Capital Management, LLC |
||||
| By: | /s/ Xxxxx Xxxxxxxxxx | |||
| Xxxxx Xxxxxxxxxx | ||||
| Its: | Chief Financial Officer | |||
| BLUE MOUNTAIN CORPORATE LOAN MASTER FUND L.P. By: BlueMountain Capital Management, LLC |
||||
| By: | /s/ Xxxxx Xxxxxxxxxx | |||
| Xxxxx Xxxxxxxxxx | ||||
| Its: | Chief Financial Officer | |||
| BLUE MOUNTAIN TIMBERLINE LTD. By: BlueMountain Capital Management, LLC |
||||
| By: | /s/ Xxxxx Xxxxxxxxxx | |||
| Xxxxx Xxxxxxxxxx | ||||
| Its: Chief Financial Officer | ||||
| [ ] |
||||
| BNP Paribas |
||||
| By: | /s/ Xxx xxx Xxxxxxx | |||
| Xxx xxx Xxxxxxx | ||||
| Its: Director | ||||
| [ ] |
||||
| BNP Paribas |
||||
| By: | /s/ Xxxxx Xxxxxxx | |||
| Xxxxx Xxxxxxx | ||||
| Its: Managing Director | ||||
| York Capital Management, L.P. |
||||
| By: | /s/ Xxxx X. Xxxxxx | |||
| Xxxx X. Xxxxxx | ||||
| Its: CFO | ||||
| York Enhanced Strategies Fund,
LLC |
||||
| By: | /s/ Xxxx X. Xxxxxx | |||
| Xxxx X. Xxxxxx | ||||
| Its: CFO | ||||
| York Investment Master Fund,
L.P. |
||||
| By: | /s/ Xxxx X. Xxxxxx | |||
| Xxxx X. Xxxxxx | ||||
| Its: CFO | ||||
| York Select, L.P. |
||||
| By: | /s/ Xxxx X. Xxxxxx | |||
| Xxxx X. Xxxxxx | ||||
| Its: CFO | ||||
| York Credit Opportunities Fund,
L.P. |
||||
| By: | /s/ Xxxx X. Xxxxxx | |||
| Xxxx X. Xxxxxx | ||||
| Its: CFO | ||||
| York Select Master Fund, L.P. |
||||
| By: | /s/ Xxxx X. Xxxxxx | |||
| Xxxx X. Xxxxxx | ||||
| Its: CFO | ||||
| York Global Value Master Fund,
L.P. |
||||
| By: | /s/ Xxxx X. Xxxxxx | |||
| Xxxx X. Xxxxxx | ||||
| Its: CFO | ||||
| Permal York, Ltd. |
||||
| By: | /s/ Xxxx X. Xxxxxx | |||
| Xxxx X. Xxxxxx | ||||
| Its: CFO of its Investment Manager | ||||
| York Credit Opportunities Master
Fund, LP. |
||||
| By: | /s/ Xxxx X. Xxxxxx | |||
| Xxxx X. Xxxxxx | ||||
| Its: CFO | ||||
| Avenue Investments, L.P. |
||||
| By: | Avenue Partners, LLC, its | |||
| General Partner | ||||
| By: | /s/ Xxxx Xxxxx | |||
| Xxxx Xxxxx | ||||
| Its: Managing Member | ||||
| Avenue International Ltd. |
||||
| By: | /s/ Xxxx Xxxxx | |||
| Xxxx Xxxxx | ||||
| Its: Director | ||||
| Avenue-CDP Global Opportunities Fund, L.P. |
||||
| By: | Avenue Global Opportunities | |||
| Fund GenPar, LLC, its General | ||||
| Partner | ||||
| By: | /s/ Xxxx Xxxxx | |||
| Xxxx Xxxxx | ||||
| Its: Managing Member | ||||
| Avenue Special Situations Fund IV, L.P. |
||||
| By: | Avenue Capital Partners IV, LLC, its General Partner | |||
| By: | GL Partners IV, LLC, its Managing Member | |||
| By: | /s/ Xxxx Xxxxx | |||
| Xxxx Xxxxx | ||||
| Its: Managing Member | ||||
| Avenue Special Situations Fund V, L.P. | ||||
| By: | Avenue Capital Partners V, LLC, its General Partner | |||
| By: | GL Partners V, LLC, its Managing Member | |||
| By: | /s/ Xxxx Xxxxx | |||
| Xxxx Xxxxx | ||||
| Its: Managing Member | ||||
| XXXXXX HIGH YIELD ADVANTAGE FUND by Xxxxxx Investment Management, LLC |
||||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Xxxxxxx Xxxxxxxx | ||||
| Its: XX | ||||
| XXXXXX HIGH YIELD TRUST by Xxxxxx Investment Management, LLC |
||||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Xxxxxxx Xxxxxxxx | ||||
| Its: XX | ||||
| XXXXXX PREMIER INCOME TRUST by Xxxxxx Investment Management, LLC |
||||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Xxxxxxx Xxxxxxxx | ||||
| Its: XX | ||||
| XXXXXX DIVERSIFIED INCOME TRUST by Xxxxxx Investment Management, LLC |
||||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Xxxxxxx Xxxxxxxx | ||||
| Its: VP | ||||
| BANK OF AMERICA, N.A. |
||||
| By: | /s/ Xxxx X. Xxxxxxx III | |||
| Xxxx X. Xxxxxxx III | ||||
| Its: Senior Vice President | ||||
| BANK OF AMERICA, N.A. |
||||
| By: | /s/ Xxxx X. Xxxxxxx III | |||
| Xxxx X. Xxxxxxx III | ||||
| Its: Senior Vice President | ||||
| LANDMARK II CDO Limited |
||||
| By: | Aladdin Capital Management, as a Lender | |||
| By: | /s/ Xxxxx Xxxxx | |||
| Xxxxx Xxxxx | ||||
| Its: Authorized Signatory | ||||
| LANDMARK VII CDO Limited |
||||
| By: | Aladdin Capital Management, as a Lender | |||
| By: | /s/ Xxxxx Xxxxx | |||
| Xxxxx Xxxxx | ||||
| Its: Authorized Signatory | ||||
| LANDMARK VIII CLO Limted |
||||
| By: | Aladdin Capital Management, as a Lender | |||
| By: | /s/ Xxxxx Xxxxx | |||
| Xxxxx Xxxxx | ||||
| Its: Authorized Signatory | ||||
| GREYROCK CDO Limited |
||||
| By: | Aladdin Capital Management, as a Lender | |||
| By: | /s/ Xxxxx Xxxxx | |||
| Xxxxx Xxxxx | ||||
| Its: Authorized Signatory | ||||
| DEUTSCHE BANK AG LONDON BRANCH |
||||
| By: | DB Services New Jersey, Inc. | |||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |||
| Xxxxxxx X. Xxxxxxx | ||||
| Assistant Vice President | ||||
| By: | /s/ Xxxxxx Xxxxxxxx | |||
| Xxxxxx Xxxxxxxx | ||||
| Vice President | ||||
| CREDIT SUISSE AG, Cayman
Islands Branch |
||||
| By: | /s/ Xxxxxxx Xxxxxxxxxx | |||
| Xxxxxxx Xxxxxxxxxx | ||||
| Its: Director | ||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Xxxxxx Xxxxxx | ||||
| Its: Director | ||||
| CREDIT SUISSE LOAN FUNDING
LLC |
||||
| By: | /s/ Xxxxxxx Xxxxxxxxxx | |||
| Xxxxxxx Xxxxxxxxxx | ||||
| Its: Director | ||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Xxxxxx Xxxxxx | ||||
| Its: Director | ||||
| BLT 31 LLC |
||||
| By: | /s/ Xxxxxxx Xxxxxxxxxx | |||
| Xxxxxxx Xxxxxxxxxx | ||||
| Its: Authorized Signatory | ||||
| UBS
AG, STAMFORD BRANCH |
||||
| By: | /s/ Xxxxx Xxxxxx | |||
| Xxxxx Xxxxxx | ||||
| Its: Associate Director | ||||
| By: | /s/ Xxxx X. Xxxxx | |||
| Xxxx X. Xxxxx | ||||
| Its: Associate Director | ||||
| CITIBANK, N.A. |
||||
| By: | /s/ Xxxxxxx X. Xxxxxx | |||
| Xxxxxxx X. Xxxxxx | ||||
| Its: Director | ||||
| COMERICA BANK |
||||
| [ ] | ||||
| By: | /s/ Xxxxx X. Xxxx | |||
| Xxxxx X. Xxxx | ||||
| Its: Vice President | ||||
| THE BANK OF NOVA SCOTIA |
||||
| By: | /s/ Xxxxx Xxxxxxx | |||
| Xxxxx Xxxxxxx | ||||
| Its: Director | ||||
| Xxxxxx V — Leveraged Loan CDO 2003 | ||
| By: Prudential Investment Management, Inc., as Collateral Manager |
| By: | /s/ Xxxxxx Xxxxxxx | |||
| Xxxxxx Xxxxxxx | ||||
| Its: Vice President | ||||
| Loan Funding V, LLC, for itself or as agent for Corporate Loan Funding V LLC By: Prudential Investment Management, Inc., as Portfolio Manager |
||||
| By: | /s/ Xxxxxx Xxxxxxx | |||
| Xxxxxx Xxxxxxx | ||||
| Its: Vice President | ||||
| Xxxxxx VII— Leveraged Loan CDO 2004 By: Prudential Investment Management, Inc., as Collateral Manager |
||||
| By: | /s/ Xxxxxx Xxxxxxx | |||
| Xxxxxx Xxxxxxx | ||||
| Its: Vice President | ||||
| Xxxxxx VIII— Leveraged Loan CDO 2005 By: Prudential Investment Management, Inc., as Collateral Manager |
||||
| By: | /s/ Xxxxxx Xxxxxxx | |||
| Xxxxxx Xxxxxxx | ||||
| Its: Vice President | ||||
| Xxxxxx IX— Senior Loan Fund 2005 p.l.c By: Prudential Investment Management, Inc., Collateral Manager |
||||
| By: | /s/ Xxxxxx Xxxxxxx | |||
| Xxxxxx Xxxxxxx | ||||
| Its: Vice President | ||||
| Xxxxxx XI— Leveraged Loan CDO 2006 By: Prudential Investment Management, Inc., as Collateral Manager |
||||
| By: | /s/ Xxxxxx Xxxxxxx | |||
| Xxxxxx Xxxxxxx | ||||
| Its: Vice President | ||||
| Xxxxxx XVI — Leveraged Loan CDO 2006 By: Prudential Investment Management, Inc ., as Collateral Manager |
||||
| By: | /s/Xxxxxx Xxxxxxx | |||
| Xxxxxx Xxxxxxx | ||||
| Its: Vice President | ||||
| Xxxxxx XVIII Leveraged Loan 2007 Ltd. By: Prudential Investment Management Inc., as Collateral Manager |
||||
| By: | /s/ Xxxxxx Xxxxxxx | |||
| Xxxxxx Xxxxxxx | ||||
| Its: Vice President | ||||
| Xxxxxx XXI Leveraged Loan CDO LLC By: Prudential Investment Management, Inc., as Collateral Manager |
||||
| By: | /s/ Xxxxxx Xxxxxxx | |||
| Xxxxxx Xxxxxxx | ||||
| Its: Vice President | ||||
| Pioneer Bond Fund Pioneer Funds Austria — Global High Yield Bond Pioneer Diversified High Income Trust Pioneer Funds — US High Yield (LUX) Pioneer Global High Yield Fund Pioneer High Income Trust Pioneer High Yield Fund ING Pioneer High Yield Portfolio Pioneer Institutional Solutions — Credit Opportunities Pioneer Funds — Global High Yield ( LUX) Pioneer Funds — Strategic Income (LUX) Pioneer Funds — US Dollar Aggregate Bond (LUX) PIONEER FUNDUSZ OBLIGACJI DOLAROWYCH FIO PIONEER FUNDUSZ OBLIGACJI DOLAROWYCH PLUS FIO Pioneer Strategic Income Fund Met Investors Series Trust — Pioneer Strategic Income Fund Poineer Bond VCT Portfolio Pioneer High Yield VCT Portfolio Pioneer Strategic Income VCT Portfolio Pioneer Investment Management, Inc., As investment advisor to each Noteholder above |
||||
| By: | /s/ Xxxxxxxx X. Xxxxxx | |||
| Name: Xxxxxxxx X. Xxxxxx | ||||
| Title: Assistant Secretary and Associate General Counsel |
||||
| Aberdeen High Grade Bond Fund Papaver Inc. Stichting Pensioenfonds voor Huisartsen Stichting Pensioenfonds Medische Specialisten UMASS Foundation Fund 2 UMASS Core Plus Composite White Mountains Acct 193 Fund aka Symetra Life Insurance Company By: Pioneer Institutional Asset Management, Inc., As investment advisor to each Noteholder above |
||||
| By: | /s/ Xxxxxxxx X. Xxxxxx | |||
| Name: Xxxxxxxx X. Xxxxxx | ||||
| Title: Assistant Secretary and | ||||
| Associate General Counsel | ||||
| Ares VR CLO Ltd. |
||||
| By: | Ares CLO Management VR, L.P., Investment Manager |
|||
| By: | Ares CLO GP VR, LLC, Its General Partner |
|||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: Xxxxxxx Xxxxxxxx | ||||
| Title: Authorized Signatory | ||||
| Ares VIR CLO Ltd. |
||||
| By: | Ares CLO Management VIR, L.P., Investment Manager |
|||
| By: | Ares CLO GP VIR, LLC, Its General Partner |
|||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: Xxxxxxx Xxxxxxxx | ||||
| Title: Authorized Signatory | ||||
| Ares VII CLO Ltd. |
||||
| By: | Ares CLO Management VII, L.P., Investment Manager |
|||
| By: | Ares CLO GP VII, LLC, Its General Partner |
|||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: Xxxxxxx Xxxxxxxx | ||||
| Title: Authorized Signatory | ||||
| Ares VIII CLO Ltd. |
||||
| By: | Ares CLO Management VIII, L.P., Investment Manager |
|||
| By: | Ares CLO GP VIII, LLC, Its General Partner |
|||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: Xxxxxxx Xxxxxxxx | ||||
| Title: Authorized Signatory | ||||
| Ares IX CLO Ltd. |
||||
| By: | Ares CLO Management IX, L.P., Investment Manager |
|||
| By: | Ares CLO GP IX, LLC, Its General Partner |
|||
| By: | Ares Management LLC, Its Managing Member |
|||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: Xxxxxxx Xxxxxxxx | ||||
| Title: Authorized Signatory | ||||
| Ares X CLO Ltd. |
||||
| By: | Ares CLO Management X, L.P., Investment Manager |
|||
| By: | Ares CLO GP X, LLC, Its General Partner |
|||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: Xxxxxxx Xxxxxxxx | ||||
| Title: Authorized Signatory | ||||
| ARES XI CLO Ltd. |
||||
| By: | ARES CLO MANAGEMENT XI, L.P. | |||
| By: | ARES CLO GP XI, LLC, ITS GENERAL PARTNER | |||
| By: | ARES MANAGEMENT LLC, ITS MANAGER | |||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: Xxxxxxx Xxxxxxxx | ||||
| Title: Authorized Signatory | ||||
| Ares Strategic Investment Partners Ltd. |
||||
| By: | Ares Strategic Investment Management LLC, as investment manager | |||
| By: | Ares Strategic Investment Partners GP, LLC, as general partner | |||
| By: | Ares Management LLC, as manager | |||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: Xxxxxxx Xxxxxxxx | ||||
| Title: Authorized Signatory | ||||
| ARES ENHANCED CREDIT OPPORTUNITIES FUND LTD. |
||||
| By: | Ares Enhanced Credit Opportunities Fund Management, L.P., | |||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: Xxxxxxx Xxxxxxxx | ||||
| Title: Authorized Signatory | ||||
| ARES ENHANCED LOAN INVESTMENT STRATEGY IR LTD. |
||||
| By: | ARES ENHANCED LOAN MANAGEMENT IR L.P., as Portfolio Manager | |||
| By: | Ares Enhanced Loan IR GP, LLC, as its General Partner | |||
| By: | Ares Management LLC, as its Manager | |||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: | Xxxxxxx Xxxxxxxx | |||
| Title: | Authorized Signatory | |||
| Global Loan Opportunity Fund B.V. |
||||
| By: | Ares Management Limited, its Portfolio Manager | |||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: | Xxxxxxx Xxxxxxxx | |||
| Title: | Authorized Signatory | |||
| Ares Institutional Loan Fund B.V. |
||||
| By: | Ares Management Limited, its investment advisor | |||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: | Xxxxxxx Xxxxxxxx | |||
| Title: | Authorized Signatory | |||
| FUTURE FUND BOARD OF GUARDIANS |
||||
| By: | Ares Enhanced Loan Investment Strategy Advisor IV, L.P., its investment manager | |||
| By: | Ares Enhanced Loan Investment Strategy Advisor IV GP, LLC, its general partner | |||
| By: | Ares Management LLC, its managing member | |||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: | Xxxxxxx Xxxxxxxx | |||
| Title: | Authorized Signatory | |||
| ASSF I JM Ltd. |
||||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: | Xxxxxxx Xxxxxxxx | |||
| Title: | Authorized Signatory | |||
| ASSF I-B JM Ltd. |
||||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||
| Name: | Xxxxxxx Xxxxxxxx | |||
| Title: | Authorized Signatory | |||
| CONTINENTAL CASUALTY COMPANY | ||||||
Approved by Law Dept. |
||||||
By:
[Illegible]
|
By: | Xxxxxxx X. XxXxxx
|
||||
| Xxxxxxx X. XxXxxx | ||||||
Date:11-5-09
|
Its: Vice President and Assistant Treasurer |
|||||
| Pioneer Floating Rate Fund Pioneer Institutional Solutions — Credit Opportunities |
||||
| By: | Pioneer Investment Management, Inc, its advisor | |||
| By: | /s/ Xxxxxxxx X. Xxxxxx | |||
| Name: | Xxxxxxxx X. Xxxxxx | |||
| Title: | Assistant Secretary and Associate General Counsel | |||
| Montpelier Investments Holdings Ltd. |
||||
| By: | Pioneer Institutional Asset Management, Inc., its advisor | |||
| By: | /s/ Xxxxxxxx X. Xxxxxx | |||
| Name: | Xxxxxxxx X. Xxxxxx | |||
| Title: | Assistant Secretary and Associate General Counsel | |||
| [ CITIGROUP FINANCIAL PRODUCTS,
INC. ] |
||||
| By: | /s/ Xxxxx Xxxxxxxx | |||
| Xxxxx Xxxxxxxx | ||||
| Its: Authorized Signatory | ||||
| TCW Absolute Return Credit Fund, L.P. By: TCW Asset Management Company, its Investment Manager |
||||
| By: | /s/ Xxxxxxx X. Xxxxxx | |||
| Xxxxxxx X. Xxxxxx | ||||
| Managing Director | ||||
| By: | /s/ Xxxxx X. Xxxxxxxxx | |||
| Xxxxx X. Xxxxxxxxx | ||||
| Senior Vice President | ||||
| FIRST 2004-I CLO, LTD. By: TCW Asset Management Company, its Collateral Manager |
||||
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| FIRST 2004-II CLO, LTD. By: TCW Asset Management Company, as its Collateral Manager |
||||
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| MAC CAPITAL, LTD. By: TCW Asset Management Company as its Portfolio Manager |
||||
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| MOMENTUM CAPITAL FUND, LTD. By: TCW Asset Management Company as its Portfolio Manager |
|||||
| By: | /s/ Xxx Xxxxxxxxx | ||||
| Xxx Xxxxxxxxx | |||||
| Senior Vice President | |||||
| By: | /s/ G. Xxxxx Xxxxxx | ||||
| G. Xxxxx Xxxxxx | |||||
| Senior Vice President | |||||
| LOAN FUNDING I LLC, a wholly owned subsidiary of Citibank, N.A. By: TCW Asset Management Company, as portfolio manager of Loan Funding I LLC |
||||
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| TCW SELECT LOAN FUND, LTD. By: TCW Asset Management Company, as its collateral Manager |
||||
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G.Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| TCW Senior Secured Loan Fund , LP By: TCW Asset Management Company, as its Investment Advisor |
||||
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| TCW Senior Secured Floating Rate Loan Fund, L.P. By: TCW Asset Management Company, as its Investment |
||||
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| Palmetto Investors Master Fund, LLC. By: TCW Asset Management Company, As its Managing Member |
||||
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| VELOCITY CLO LTD. | ||
| By: TCW Asset Management Company, as Collateral Manager |
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| VITESSE CLO LTD. | ||
| By: TCW Asset Management Company as its Portfolio Manager |
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| XXXX ATLANTIC MASTER TRUST | ||
| By: TCW Asset Management Company, As Investment Manager |
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| FARAKER INVESTMENT PTE LTD. | ||
| By: TCW Asset Management Company, as Manager |
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| ILLINOIS STATE BOARD OF INVESTMENT | ||
| By: TCW Asset Management Company, as its Investment Manager |
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| TCW CREDIT OPPORTUNITIES FUND I B, L.P. | ||
| TCW Asset Management Company, as Manager |
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| TCW CREDIT OPPORTUNITIES FUND, L.P. | ||
| TCW Asset Management Company, as Manager |
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| WEST BEND MUTUAL INSURANCE COMPANY | ||
| By: TCW Asset Management Company, as its Investment Advisor |
| By: | /s/ Xxx Xxxxxxxxx | |||
| Xxx Xxxxxxxxx | ||||
| Senior Vice President | ||||
| By: | /s/ G. Xxxxx Xxxxxx | |||
| G. Xxxxx Xxxxxx | ||||
| Senior Vice President | ||||
| Chatham Asset Leveraged Loan Offshore Fund, Ltd. | ||
| By: Chatham Asset Management, LLC Investment Advisor |
| By: | /s/ Xxxxx X’Xxxxxx | |||
| Xxxxx X’Xxxxxx | ||||
| Title: | Member | |||
| Chatham Asset High Yield Master Fund, Ltd. | ||
| By: Chatham Asset Management, LLC Investment Advisor |
| By: | /s/ Xxxxx X’Xxxxxx | |||
| Xxxxx X’Xxxxxx | ||||
| Title: | Member | |||
| [ ] | ||||
| SIERRA CLO II LTD |
||||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Xxxxx X. Xxxxxx | ||||
| Its: Co-President Xxxxxxxxx Pacific Asset Management LLC |
||||
| [ ] | ||||
| Shasta COL I LTD |
||||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Xxxxx X. Xxxxxx | ||||
| Its: Co-President Xxxxxxxxx Pacific Asset Management LLC |
||||
| [ ] | ||||
| SHASTA CLO I LTD |
||||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Xxxxx X. Xxxxxx | ||||
| Its: Co-President Xxxxxxxxx Pacific Asset Management LLC |
||||
| [ ] | ||||
| By: | /s/ Xxxxxxx X’Xxxxx | |||
| Xxxxxxx X’Xxxxx | ||||
| Director Its: Deutsche Bank AG New York Branch |
||||
| By: | /s/ Xxxxx Xxxxxxx | |||
| Xxxxx Xxxxxxx | ||||
| Vice President Its: Deutsche Bank AG New York Branch |
||||
| SEVEN LOCKS CAPITAL MASTER FUND LP |
||||
| By: | Seven Locks Capital Management LP | |||
| By: | /s/ Xxxxxxx X’Xxxxx | |||
| Xxxxxxx X’Xxxxx | ||||
| Its: Chief Financial Officer | ||||
| KING STREET CAPITAL, L.P. | ||||
| By: | King Street Capital Management, L.P. Its Investment Manager |
|||
| By: | King Street Capital Management, GP, L.L.C. Its General Manager |
|||
| By: | /s/ Xxx Xxxx | |||
| Name: | Xxx Xxxx | |||
| Title: | Authorized Signatory | |||
| KING STREET CAPITAL MASTER FUND, LTD. | ||||
| By: | King Street Capital Management, L.P. | |||
| Its Investment Manager | ||||
| By: | King Street Capital Management GP, L.L.C. | |||
| Its General Partner | ||||
| By: | /s/ Xxx Xxxx | |||
| Name: | Xxx Xxxx | |||
| Title: | Authorized Signatory | |||
| Stone Tower Credit Funding I Ltd. By Stone Tower Fund Management LLC As Its Collateral Manager |
||||
| By: | /s/ Xxxxxxx X. XxxXxxxxx | |||
| Xxxxxxx X. XxxXxxxxx | ||||
| Its: | Authorized Signatory | |||
| XXXX XXXXXXX TRUST STRATEGIC INCOME TRUST |
||||
| /s/ Xxxxxx Xxxxx | ||||
| Xxxxxx Xxxxx | ||||
| Vice President, Investment Operations | ||||
| XXXX XXXXXXX HIGH YIELD FUND |
||||
| /s/ Xxxxxx Xxxxx | ||||
| Xxxxxx Xxxxx | ||||
| Vice President, Investment Operations | ||||
| XXXX XXXXXXX FUNDS II – HIGH
INCOME |
||||
| /s/ Xxxxxx Xxxxx | ||||
| Xxxxxx Xxxxx | ||||
| Vice President, Investment Operations | ||||
| XXXX XXXXXXX TRUST HIGH INCOME TRUST |
||||
| /s/ Xxxxxx Xxxxx | ||||
| Xxxxxx Xxxxx | ||||
| Vice President, Investment Operations | ||||
| XXXX XXXXXXX FUNDS II – STRATEGIC INCOME FUND |
||||
| /s/ Xxxxxx Xxxxx | ||||
| Xxxxxx Xxxxx | ||||
| Vice President, Investment Operations | ||||
| XXXX XXXXXXX STRATEGIC INCOME FUND |
||||
| By: | /s/ Xxxxxx Xxxxx | |||
| Xxxxxx Xxxxx | ||||
| Vice President, Investment Operations | ||||
| D. E. SHAW OCULUS PORTFOLIOS,
L.L.C. |
||||
| By: | /s/ Xxxxxxx Xxxx | |||
| Xxxxxxx Xxxx | ||||
| Its: Authorized Signatory | ||||
| [ Carlyle High Yield Partners VIII, Ltd.] |
||||
| By: | /s/ Xxxxx Xxxx | |||
| Xxxxx Xxxx | ||||
| Its: Managing Director | ||||
| [ Carlyle High Yield Partners VI, Ltd.] |
||||
| By: | /s/ Xxxxx Xxxx | |||
| Xxxxx Xxxx | ||||
| Its: Managing Director | ||||
| [ Carlyle Loan Investment, Ltd.] |
||||
| By: | /s/ Xxxxx Xxxx | |||
| Xxxxx Xxxx | ||||
| Its: Managing Director | ||||
| [ Carlyle Credit Partners Financing I, Ltd.] |
||||
| By: | /s/ Xxxxx Xxxx | |||
| Xxxxx Xxxx | ||||
| Its: Managing Director | ||||
| [ Carlyle High Yield Partners 2008-1 Ltd.] |
||||
| By: | /s/ Xxxxx Xxxx | |||
| Xxxxx Xxxx | ||||
| Its: Managing Director | ||||
| [ Carlyle Loan Investment, Ltd.] |
||||
| By: | /s/ Xxxxx Xxxx | |||
| Xxxxx Xxxx | ||||
| Its: Managing Director | ||||
| [ Carlyle High Yield Partners X, Ltd.] |
||||
| By: | /s/ Xxxxx Xxxx | |||
| Xxxxx Xxxx | ||||
| Its: Managing Director | ||||
| [ Carlyle High Yield Partners IX, Ltd.] |
||||
| By: | /s/ Xxxxx Xxxx | |||
| Xxxxx Xxxx | ||||
| Its: Managing Director | ||||
| [ Carlyle High Yield Partners VIII, Ltd.] |
||||
| By: | /s/ Xxxxx Xxxx | |||
| Xxxxx Xxxx | ||||
| Its: Managing Director | ||||
| [ Carlyle High Yield
Partners VII, Ltd.] |
||||
| By: | /s/ Xxxxx Xxxx | |||
| Xxxxx Xxxx | ||||
| Its: Managing Director | ||||
| [ Carlyle High Yield
Partners VI, Ltd.] |
||||
| By: | /s/ Xxxxx Xxxx | |||
| Xxxxx Xxxx | ||||
| Its: Managing Director | ||||
| [ Carlyle High Yield Partners IV, Ltd.] |
||||
| By: | /s/ Xxxxx Xxxx | |||
| Xxxxx Xxxx | ||||
| Its: Managing Director | ||||
| XXXX Master Fund, Ltd. By: XXXX Partners LLC, its Investment Manager |
||||
| By: | /s/ Xxxx Xxxxxxx | |||
| Xxxx Xxxxxxx | ||||
| Its: Partner | ||||
| XXXX Nirvana Fund, L.P. By: XXXX Partners LLC, its Investment Manager |
||||
| By: | /s/ Xxxx Xxxxxxx | |||
| Xxxx Xxxxxxx | ||||
| Its: Partner | ||||
| XXXX Nirvana Master Fund, L.P. By: XXXX Partners LLC, its Investment Manager |
||||
| By: | /s/ Xxxx Xxxxxxx | |||
| Xxxx Xxxxxxx | ||||
| Its: Partner | ||||
| The Catalyst Credit Opportunity Master Fund
Ltd. |
||||
| [Illegible] | ||||
| By: Catalyst Investment Management Co. LLC | ||||
| Its: managing member | ||||
| Xxxxxxx Credit Opportunities Master Ltd. |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Xxxxxx Xxxxxx | ||||
| Its: Authorized Signatory | ||||
| XXXXXX XXXXXXX SENIOR FUNDING, INC. |
||||
| By: | /s/ Xxxx Xxxxxx | |||
| Xxxx Xxxxxx | ||||
| Its: Authorized Signatory | ||||
| Xxxxxx Xxxxxxx & Co. Incorporated |
||||
| By: | /s/ Xxxxx Xxxxxxx | |||
| Xxxxx Xxxxxxx | ||||
| Its: Authorized Signatory | ||||
| The Northern Trust Company |
||||
| By: | /s/ Xxxxxx Xxxxxxxxx | |||
| Xxxxxx Xxxxxxxxx | ||||
| Its: Vice President | ||||
| JPMorgan Chase Bank, N.A. |
||||
| By: | /s/ Xxxxxxx X. Xxxxx | |||
| Xxxxxxx X. Xxxxx | ||||
| Its: Managing Director | ||||
| Xxxxxxx Xxxxx Xxxxxx Xxxxxx & Xxxxx [Illegible] |
||||
| MARATHON CREDIT DISLOCATION FUND LP By: Marathon Asset Management L.P. Its Investment Manager and Authorized Signatory |
||||
| By: | /s/ XXXXX X. HANOVER | |||
| XXXXX X. HANOVER | ||||
| Its: AUTHORIZED SIGNATORY | ||||
| MARATHON SPECIAL OPPORTUNITY MASTER FUND LTD. By: Marathon Asset Management L.P. Its Investment Manager and Authorized Signatory |
||||
| By: | /s/ XXXXX X. HANOVER | |||
| XXXXX X. HANOVER | ||||
| Its: AUTHORIZED SIGNATORY | ||||
| MARATHON CREDIT OPPORTUNITY MASTER FUND LTD. By: Marathon Asset Management L.P. Its Investment Manager and Authorized Signatory |
||||
| By: | /s/ XXXXX X. HANOVER | |||
| XXXXX X. HANOVER | ||||
| Its: AUTHORIZED SIGNATORY | ||||
| MARATHON CREDIT MASTER FUND LTD. |
||||
| By: | Marathon Asset Management L.P. | |||
| Its | Investment Manager and Authorized Signatory | |||
| By: | /s/ XXXXX X. HANOVER | |||
| XXXXX X. HANOVER | ||||
| Its: AUTHORIZED SIGNATORY | ||||
| CORPORATE DEBT OPPORTUNITIES FUND L.P. |
||||
| By: | Marathon Asset Management L.P. | |||
| Its | Investment Manager and Authorized Signatory | |||
| By: | /s/ XXXXX X. HANOVER | |||
| XXXXX X. HANOVER | ||||
| Its: AUTHORIZED SIGNATORY | ||||
| ANCHORAGE CAPITAL MASTER OFFSHORE, LTD. |
||||
| By: | Anchorage Advisors, L.L.C., Its investment Manager | |||
| By: | /s/ Xxxxxx Xxxxx | |||
| Xxxxxx Xxxxx | ||||
| Its: Senior Portfolio Manag. | ||||
| THE ROYAL BANK OF SCOTLAND PLC |
||||
| By: | /s/ Xxxx Xxxxxx | |||
| Xxxx Xxxxxx | ||||
| Its: Senior Vice President | ||||
| Barclays Bank PLC |
||||
| By: | /s/ Xxxxxxxx Xxxxx | |||
| Xxxxxxxx Xxxxx | ||||
| Its: Authorized Signatory | ||||
| Genesis CLO 2007-1 Ltd. | ||||
| By: | Ore Hill Partners LLC | |||
| Its: Investment Advisor | ||||
| By: | /s/ Xxxxxx X. Xxxx, Esq. | |||
| Xxxxxx X. Xxxx, Esq. General Counsel |
||||
| Its: Ore Hill Partners LLC | ||||
| [ LUXOR CAPITAL LLC ] |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Xxxxxx Xxxxxx | ||||
| Its: General Counsel | ||||
|
[
] OLYMPIC CLO I LTD |
||||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Xxxxx X. Xxxxxx | ||||
| Its: Co- President | ||||
| Xxxxxxxxx Pacific Asset Management LLC | ||||
| BANK OF AMERICA, N. A. |
||||
| By: | /s/ Xxxxxxxx X. Xxxxxx | |||
| Name: | Xxxxxxxx X. Xxxxxx | |||
| Title: | Vice President | |||
