SKYWORKS SOLUTIONS, INC. $100,000,000 11/4% Convertible Subordinated Notes Due 2010 $100,000,000 11/2% Convertible Subordinated Notes Due 2012 REGISTRATION RIGHTS AGREEMENT
Exhibit
99.1
SKYWORKS SOLUTIONS, INC.
$100,000,000 11/4% Convertible Subordinated Notes Due 2010
$100,000,000 11/2% Convertible Subordinated Notes Due 2012
March 2, 2007
Credit Suisse Securities (USA) LLC
Xxxxxx Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Xxxxxx Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Dear Sirs:
Skyworks Solutions, Inc., a Delaware corporation (the “Company”), proposes to issue and sell
to Credit Suisse Securities (USA) LLC (the “Initial Purchaser”), upon the terms set forth in a
purchase agreement dated February 27, 2007 (the “Purchase Agreement”), $100,000,000 aggregate
principal amount 11/4% Convertible Subordinated Notes Due 2010 (the “2010 Securities”) and
$100,000,000 aggregate principal amount 11/2% Convertible Subordinated Notes Due 2012 (the “2012
Securities” and together with the 2010 Securities, the “Initial Securities”). The Initial
Securities will be convertible into shares of common stock, par value $0.25 per share, of the
Company (the “Common Stock”) at the conversion price set forth in the Offering Circular dated
February 27, 2007. The Initial Securities will be issued pursuant to an Indenture, dated as of
March 2, 2007, (the “Indenture”), among the Company and U.S. Bank Trust National Association, as
trustee (the “Trustee”). As an inducement to the Initial Purchaser to enter into the Purchase
Agreement, the Company agrees with the Initial Purchaser, for the benefit of (i) the Initial
Purchaser and (ii) the holders of the Initial Securities and the Common Stock issuable upon
conversion of the Initial Securities (collectively, the “Securities”) from time to time until such
time as such Securities have been sold pursuant to a Shelf Registration Statement (as defined
below) (each of the foregoing a “Holder” and collectively the “Holders”), as follows:
1. Shelf Registration. (a) The Company shall, at its cost, prepare and, as promptly as
practicable (but in no event more than 120 days after the Closing Date (as defined in the Purchase
Agreement) file with the Securities and Exchange Commission (the “Commission”) and thereafter use
its commercially reasonable efforts to cause to be declared effective (unless it becomes effective
automatically upon filing) no later than 180 days after the Closing Date, (the “Shelf Registration
Statement”) on Form S-3, which if the Company is then eligible shall be an automatic shelf
registration statement, relating to the offer and sale of the Transfer Restricted Securities (as
defined in Section 5 hereof) by the Holders thereof from time to time in accordance with the
methods of distribution set forth in the Shelf Registration Statement and Rule 415 under the
Securities Act of 1933, as amended (the “Securities Act”) (hereinafter, the “Shelf Registration”);
provided, however, that no Holder (other than the Initial Purchaser) shall be
entitled to have the Securities held by it covered by such Shelf Registration Statement unless such
Holder agrees in writing to be bound by all the provisions of this Agreement applicable to such
Holder.
(b) The Company shall use its reasonable best efforts to keep the Shelf Registration
Statement continuously effective in order to permit the prospectus included therein (the
“Prospectus”) to be lawfully delivered by the Holders of the relevant Securities, for a period of
two years (or for such longer period if extended pursuant to Section 2(h) below) from the date of
its effectiveness or such shorter period that will terminate when all the Securities covered by the
Shelf Registration Statement (i) have been sold pursuant thereto or (ii) are no longer restricted
securities (as defined in Rule 144(k) under the Securities Act, or any successor rule thereof),
assuming for this purpose that the Holders thereof are not affiliates of the Company (in any such
case, such period being called the “Shelf Registration Period”). The Company shall be deemed not
to have used its reasonable best efforts to keep the Shelf Registration Statement effective during
the requisite period if it voluntarily takes any action that would result in Holders of Securities
covered thereby not being able to offer and sell such Securities during that period, unless such
action is (i) required by applicable law or (ii) taken by the Company in good faith upon the
occurrence of any event contemplated by Section 2(b)(v) below, and the Company thereafter complies
with the requirements of Section 2(h). All references in this Agreement to “Prospectus” shall,
except when the context requires, include any prospectus (or amendment or supplement thereto) filed
with the Commission pursuant to Section 2 of this Agreement, including any “free writing
prospectus” issued pursuant to Section 2(d).
(c) Notwithstanding any other provisions of this Agreement to the contrary, the Company shall
cause the Shelf Registration Statement and the Prospectus and any amendment or supplement thereto,
as of the effective date of the Shelf Registration Statement, amendment or supplement, (i) to
comply in all material respects with the applicable requirements of the Securities Act and the
rules and regulations of the Commission and (ii) not to contain any untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary in order to make
the statements therein, in light of the circumstances under which they were made, not misleading.
2. Registration Procedures. In connection with the Shelf Registration contemplated by
Section 1 hereof, the following provisions shall apply:
(a) The Company shall (i) furnish to the Initial Purchaser, prior to the filing thereof with
the Commission, a copy of the Shelf Registration Statement and each amendment thereof and each
supplement, if any, to the prospectus included therein and, in the event that the Initial Purchaser
(with respect to any portion of an unsold allotment from the original offering) is participating in
the Shelf Registration Statement, shall use its reasonable best efforts to reflect in each such
document, when so filed with the Commission, such comments as the Initial Purchaser reasonably may
propose; and (ii) include the names of the Holders who propose to sell Securities pursuant to the
Shelf Registration Statement as selling securityholders.
(b) The Company shall give written notice to the Initial Purchaser and the Holders of the
Securities (which notice pursuant to clauses (ii)-(v) hereof shall be accompanied by an instruction
to suspend the use of the Prospectus until the requisite changes have been made):
(i) when the Shelf Registration Statement or any amendment thereto has been filed with
the Commission and when the Shelf Registration Statement or any post-effective amendment
thereto has become effective;
(ii) of any request by the Commission for amendments or supplements to the Shelf
Registration Statement or the prospectus included therein or for additional information, or
if it shall become necessary to amend such Shelf Registration Statement or supplement the
related prospectus to comply with the Securities Act or the Securities Exchange Act of
1934, as amended (the “Exchange Act”) or the respective rules thereunder;
(iii) of the issuance by the Commission of any stop order suspending the effectiveness
of the Shelf Registration Statement or the initiation of any proceedings for that purpose,
or the issuance by the Commission of a notification of objection to the use of the form on
which the Shelf
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Registration Statement has been filed, and of the happening of any event that causes
the Company to become an “ineligible issuer,” as defined in Rule 405 under the Securities
Act;
(iv) of the receipt by the Company or its legal counsel of any notification with
respect to the suspension of the qualification of the Securities for sale in any
jurisdiction or the initiation or threatening of any proceeding for such purpose; and
(v) of the happening of any event that requires the Company to make changes in the
Shelf Registration Statement or the Prospectus in order that the Shelf Registration
Statement or the Prospectus does not contain an untrue statement of a material fact nor
omit to state a material fact required to be stated therein or necessary to make the
statements therein (in the case of the Prospectus, in light of the circumstances under
which they were made) not misleading, which written notice need not provide any detail as
to the nature of such event.
(c) The Company shall make every reasonable effort to obtain the withdrawal at the earliest
possible time, of any order suspending the effectiveness of the Shelf Registration Statement.
(d) The Company shall furnish to each Holder of Securities included within the coverage of
the Shelf Registration, without charge, at least one copy of the Shelf Registration Statement and
any post-effective amendment or supplement thereto, including financial statements and schedules,
and, if the Holder so requests in writing, all exhibits thereto (including those, if any,
incorporated by reference). The Company shall not, without the prior consent of the Initial
Purchaser, make any offer relating to the Securities that would constitute a “free writing
prospectus,” as defined in Rule 405 under the Securities Act.
(e) The Company shall, during the Shelf Registration Period, deliver to each Holder of
Securities included within the coverage of the Shelf Registration, without charge, as many copies
of the Prospectus (including each preliminary prospectus) included in the Shelf Registration
Statement and any amendment or supplement thereto as such person may reasonably request. The
Company consents, subject to the provisions of this Agreement, to the use of the Prospectus or any
amendment or supplement thereto by each of the selling Holders of the Securities in connection with
the offering and sale of the Securities covered by the Prospectus, or any amendment or supplement
thereto, included in the Shelf Registration Statement.
(f) Prior to any public offering of the Securities pursuant to the Shelf Registration
Statement, the Company shall register or qualify or cooperate with the Holders of the Securities
included therein and their respective counsel in connection with the registration or qualification
of the Securities for offer and sale under the securities or “blue sky” laws of such states of the
United States as any Holder of the Securities reasonably requests in writing and do any and all
other acts or things necessary or advisable to enable the offer and sale in such jurisdictions of
the Securities covered by such Shelf Registration Statement; provided, however,
that the Company shall not be required to (i) qualify generally to do business in any jurisdiction
where it is not then so qualified or (ii) take any action which would subject it to general service
of process or to taxation in any jurisdiction where it is not then so subject.
(g) The Company shall cooperate with the Holders of the Securities to facilitate the timely
preparation and delivery of certificates representing the Securities to be sold pursuant to any
Registration Statement free of any restrictive legends and in such denominations and registered in
such names as the Holders may request a reasonable period of time prior to sales of the Securities
pursuant to the Shelf Registration Statement.
(h) Upon the occurrence of any event contemplated by paragraphs (ii) through (v) of Section
2(b) above during the period for which the Company is required to maintain an effective Shelf
Registration Statement, the Company shall as required hereby prepare and file a post-effective
amendment to the Shelf Registration Statement or an amendment or supplement to the Prospectus and
any other required document so that, as thereafter delivered to Holders or purchasers of the
Securities, the Prospectus will not contain an untrue statement of a material fact or omit to state
any material fact required to be stated therein or
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necessary to make the statements therein, in light of the circumstances under which they were
made, not misleading; provided, however, that the Company may delay filing and distributing any
such supplement or amendment (and continue the suspension of the use of the Prospectus) if the
Company determines in good faith that such supplement or amendment would, in the reasonable
judgment of the Company, (i) interfere with or affect the negotiation or completion of a
transaction that is being contemplated by the Company or (ii) involve initial or continuing
disclosure obligations that are not in the best interests of the Company’s stockholders at such
time; provided, further, that neither such delay nor such suspension shall extend for a period of
more than 45 consecutive days or an aggregate of 90 days in any twelve-month period. If the
Company notifies the Initial Purchasers and the Holders in accordance with paragraphs (ii) through
(v) of Section 2(b) above to suspend the use of the Prospectus until the requisite changes to the
Prospectus have been made, then the Initial Purchasers and the Holders shall suspend use of such
prospectus, and the period of effectiveness of the Shelf Registration Statement provided for in
Section 1(b) above shall be extended by the number of days from and including the date of the
giving of such notice to and including the date when the Initial Purchaser and the Holders shall
have received such amended or supplemented prospectus pursuant to this Section 2(h). During the
period during which the Company is required to maintain an effective Shelf Registration Statement
pursuant to this Agreement, the Company will prior to the three year expiration of such Shelf
Registration Statement file, and use its best efforts to cause to be declared effective (unless it
becomes effective automatically upon filing) within a period that avoids any interruption in the
ability of Holders of Securities covered by the expiring Shelf Registration Statement to make
registered dispositions, a new registration statement relating to the Securities, which shall be
deemed the “Shelf Registration Statement” for purposes of this Agreement.
(i) Not later than the effective date of the Shelf Registration Statement, the Company will
provide CUSIP numbers for the Initial Securities and the Common Stock registered under the Shelf
Registration Statement, and provide the Trustee with printed certificates for the Initial
Securities, in a form eligible for deposit with The Depository Trust Company.
(j) The Company will comply with all rules and regulations of the Commission to the extent
and so long as they are applicable to the Shelf Registration and will make generally available to
its security holders (or otherwise provide in accordance with Section 11(a) of the Securities Act)
an earnings statement satisfying the provisions of Section 11(a) of the Securities Act, no later
than 45 days after the end of a 12-month period (or 90 days, if such period is a fiscal year)
beginning with the first month of the Company’s first fiscal quarter commencing after the effective
date of the Shelf Registration Statement, which statement shall cover such 12-month period.
(k) The Company shall cause the Indenture to be qualified under the Trust Indenture Act of
1939, as amended, (the “Trust Indenture Act”) in a timely manner and containing such changes, if
any, as shall be necessary for such qualification. In the event that such qualification would
require the appointment of a new trustee under the Indenture, the Company shall appoint a new
trustee thereunder pursuant to the applicable provisions of the Indenture.
(l) Each Holder agrees, by acquisition of the Securities, that no Holder shall be entitled to
sell any such Securities pursuant to the Shelf Registration Statement or to receive a prospectus
relating thereto, unless such Holder has furnished the Company with a Notice and Questionnaire as
required pursuant to Section 2(m) hereof and the information set forth in the next sentence. Each
Holder agrees promptly to furnish the Company all information required to be disclosed in order to
make the information previously furnished to the Company by such Holder not misleading and any
other information regarding such Holder and the distribution of such Securities as the Company may
from time to time reasonably request.
(m) Each Holder agrees that if such Holder wishes to sell such Xxxxxx’s Securities pursuant
to the Shelf Registration Statement and related prospectus, it will do so in accordance with this
Section 2(m). Each Holder wishing to sell Securities pursuant to a Shelf Registration Statement
and related prospectus agrees to deliver a properly, completely and signed Notice and Questionnaire
(included in the Offering Circular (as defined in the Purchase Agreement) as Annex A and the form
of attached hereto) to the Company at least fifteen (15) business days prior to any intended
distribution of Securities under the Shelf
4
Registration Statement. From and after the date the Shelf Registration Statement is declared
effective, the Company shall, as promptly as is practicable after the date a Notice and
Questionnaire is delivered, and in any event within fifteen (15) business days after such date, (i)
if required by law, file with the Commission a post-effective amendment to the Registration
Statement or prepare and, if required by applicable law, file a supplement to the related
prospectus or a supplement or amendment to any document incorporated therein by reference or file
any other required document so that the Holder delivering such Notice and Questionnaire is named a
selling securityholder in the Registration Statement and the related prospectus in such a manner as
to permit such Holder to deliver such prospectus to purchasers of the Securities in accordance with
applicable law and, if the Company shall file a post-effective amendment to the Registration
Statement, use all reasonable efforts to cause such post-effective amendment to be declared
effective under the Securities Act as promptly as practical, but in any event by the date that is
thirty (30) business days after the date such post-effective amendment is required by this clause
to be filed; (ii) provide such Holder copies of any documents filed pursuant to this Section; and
(iii) notify such Holder as promptly as practicable after the effectiveness under the Securities
Act of any post-effective amendment filed pursuant to this Section; provided, that if such Notice
and Questionnaire is delivered during a period in which the use of such prospectus is suspended
pursuant to Section 2(c) hereof, the Company shall so inform the Holder delivering such Notice and
Questionnaire and shall take the actions set forth in clauses (i), (ii) and (iii) above upon
expiration of such suspension period. Notwithstanding anything contained herein to the contrary,
the Company shall be under no obligation to name any Holder that has not supplied the requisite
information required by this Section as a selling securityholder in the Registration Statement and
related prospectus and any amendment or supplement thereto; provided, however, that any Holder that
has subsequently supplied the requisite information required by this Section pursuant to the
provisions of this Section (whether or not such Holder has supplied the requisite information
required by this Section at the time the Registration Statement was declared effective) shall be
named as a selling securityholder in the Registration Statement or related prospectus in accordance
with the requirements of this Section. Notwithstanding anything contained herein to the contrary,
the Company shall not be required to file more than one post-effective amendment or supplement for
the purpose of naming selling security holders in any seven-day period.
(n) The Company shall enter into such customary agreements (including, if requested, an
underwriting agreement in customary form) and take all such other actions, if any, as any Holder
shall reasonably request in order to facilitate the disposition of the Securities pursuant to the
Shelf Registration; provided, however, that the Company shall not be required to facilitate an
underwritten offering pursuant to a Shelf Registration Statement by any Holders unless the offering
relates to at least $25,000,000 principal amount of the Initial Securities or an equivalent amount
of Common Stock.
(o) The Company shall (i) make reasonably available for inspection by the Holders, any
underwriter participating in any disposition pursuant to the Shelf Registration Statement and any
attorney, accountant or other agent retained by the Holders or any such underwriter, all relevant
financial and other records, pertinent corporate documents and properties of the Company and (ii)
cause the Company’s officers, directors, employees, accountants and auditors to supply all relevant
information reasonably requested by the Holders or any such underwriter, attorney, accountant or
agent in connection with the Shelf Registration Statement, in each case, as shall be reasonably
necessary to enable such persons, to conduct a reasonable investigation within the meaning of
Section 11 of the Securities Act; provided, however, that the foregoing inspection
and information gathering shall be coordinated on behalf of the Initial Purchasers by the Company
and on behalf of the other parties, by one counsel designated by and on behalf of such other
parties as described in Section 3 hereof.
(p) In the event of an underwritten offering, the Company shall use reasonable best efforts
to cause (i) its counsel to deliver an opinion and updates thereof relating to the Securities in
customary form addressed to such Holders and the managing underwriters, if any, thereof, and dated,
in the case of the initial opinion, the effective date of such Shelf Registration Statement (it
being agreed that the matters to be covered by such opinion shall include, subject to customary
assumptions and other qualifications, the due incorporation and good standing of the Company and
its subsidiaries; the qualification of the Company and its subsidiaries to transact business as
foreign corporations; the due authorization, execution and delivery of
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the relevant agreement of the type referred to in Section 2(m) hereof; the due authorization,
execution, authentication and issuance, and the validity and enforceability, of the Securities; the
absence of material legal or governmental proceedings involving the Company and its subsidiaries;
the absence of governmental approvals required to be obtained in connection with the Shelf
Registration Statement, the offering and sale of the Securities, or any agreement of the type
referred to in Section 2(m) hereof; the compliance as to form of the Shelf Registration Statement
and any documents incorporated by reference therein and of the Indenture with the requirements of
the Securities Act and the Trust Indenture Act, respectively; and provided, however, that
such opinion shall state that (A) as of the date of the opinion and as of the effective date of the
Shelf Registration Statement or the most recent post-effective amendment thereto or most recent
prospectus supplement thereto that is deemed to establish a new effective date with respect
thereto, as the case may be, such Shelf Registration Statement and the Prospectus and any
prospectus supplement included therein, as then amended or supplemented, and any documents
incorporated by reference therein, do not contain an untrue statement of a material fact or omit to
state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading and (B) as of an applicable time on the date of pricing identified by such
Holders or managing underwriters, if any, that the Prospectus (as supplemented by the most recent
prospectus amendment or supplement thereto), taken together with (1) the most recent Prospectus or
prospectus amendment or supplement, (2) any “free writing prospectuses” issued in compliance with
Section 2(d) and (3) the pricing information with respect to the applicable Securities, do 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, in light of the circumstances in which
they are made, not misleading; (ii) its officers to execute and deliver all customary documents and
certificates and updates thereof requested by any underwriters of the Securities and (iii) its
independent public accountants and the independent public accountants with respect to any other
entity for which financial information is provided in the Shelf Registration Statement to provide
to the selling Holders of the applicable Securities and any underwriter therefor a comfort letter
in customary form and covering matters of the type customarily covered in comfort letters in
connection with primary underwritten offerings, subject to receipt of appropriate documentation as
contemplated, and only if permitted, by AU Section 634.
(q) The Company shall use its reasonable best efforts to take all other steps necessary to
effect the registration of the Securities covered by a Shelf Registration Statement contemplated
hereby.
3. Registration Expenses. (a) The Company shall bear all fees and expenses incurred in
connection with the performance of its obligations hereunder, whether or not a Shelf Registration
Statement is filed or becomes effective and shall bear or reimburse the Holders of the Securities
covered thereby for reasonable fees and disbursements of not more than one counsel, designated by
the Holders of a majority in principal amount of the Securities covered by the Shelf Registration
Statement (provided that Holders of Common Stock issued upon the conversion of the Initial
Securities shall be deemed to be Holders of the aggregate principal amount of Initial Securities
from which such Common Stock was converted) to act as counsel for the Holders in connection
therewith.
(b) In connection with any underwritten Shelf Registration Statement, the participating
Holders shall be responsible for the payment of any and all underwriters and brokers and dealers
discounts and selling commissions and such discounts and commissions shall be borne by the
participating Holders in proportion to the number of Securities sold by such Holders.
4. Indemnification. (a) The Company agrees to indemnify and hold harmless each Holder and
each person, if any, who controls such Holder within the meaning of the Securities Act or the
Exchange Act (each Holder, and such controlling persons are referred to collectively as the
“Indemnified Parties”) from and against any losses, claims, damages or liabilities, joint or
several, or any actions in respect thereof (including, but not limited to, any losses, claims,
damages, liabilities or actions relating to purchases and sales of the Securities) to which each
Indemnified Party may become subject under the Securities Act, the Exchange Act or otherwise,
insofar as such losses, claims, damages, liabilities or actions arise out of or are based upon any
untrue statement or alleged untrue statement of a material fact contained in the Shelf Registration
Statement or Prospectus including any document incorporated by reference therein, or in any
amendment or supplement thereto or in any preliminary prospectus or “issuer free writing
prospectus,” as
6
defined in Rule 433 under the Securities Act (“Issuer FWP”) relating to the Shelf
Registration, or arise out of, or are based upon, the omission or alleged omission to state therein
a material fact required to be stated therein or necessary to make the statements therein not
misleading, and shall reimburse, as incurred, the Indemnified Parties for any legal or other
expenses reasonably incurred by them in connection with investigating or defending any such loss,
claim, damage, liability or action in respect thereof; provided, however, that (i)
the Company shall not be liable in any such case to the extent that such loss, claim, damage or
liability arises out of or is based upon any untrue statement or alleged untrue statement or
omission or alleged omission made in the Shelf Registration Statement or Prospectus or in any
amendment or supplement thereto or in any preliminary prospectus or Issuer FWP relating to the
Shelf Registration in reliance upon and in conformity with written information pertaining to such
Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion
therein and (ii) with respect to any untrue statement or omission or alleged untrue statement or
omission made in any preliminary prospectus relating to the Shelf Registration Statement, the
indemnity agreement contained in this subsection (a) shall not inure to the benefit of any Holder
from whom the person asserting any such losses, claims, damages or liabilities purchased the
Securities concerned, to the extent that a prospectus relating to such Securities was required to
be delivered by such Holder under the Securities Act in connection with such purchase and any such
loss, claim, damage or liability of such Holder results from the fact that there was not sent or
given to such person, at or prior to the written confirmation of the sale of such Securities to
such person, a copy of the final prospectus if the Company had previously furnished copies thereof
to such Holder; provided further, however, that this indemnity agreement
will be in addition to any liability which the Company may otherwise have to such Indemnified
Party. The Company shall also indemnify underwriters, their officers and directors and each person
who controls such underwriters within the meaning of the Securities Act or the Exchange Act to the
same extent as provided above with respect to the indemnification of the Holders of the Securities
if requested by such Holders.
(b) Each Holder, severally and not jointly, will indemnify and hold harmless the Company, its
officers and directors and each person, if any, who controls the Company within the meaning of the
Securities Act or the Exchange Act from and against any losses, claims, damages or liabilities or
any actions in respect thereof, to which the Company or any such controlling person may become
subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims,
damages, liabilities or actions arise out of or are based upon any untrue statement or alleged
untrue statement of a material fact contained in the Shelf Registration Statement or Prospectus or
in any amendment or supplement thereto or in any preliminary prospectus or Issuer FWP relating to
the Shelf Registration, or arise out of or are based upon the omission or alleged omission to state
therein a material fact necessary to make the statements therein not misleading, but in each case
only to the extent that the untrue statement or omission or alleged untrue statement or omission
was made in reliance upon and in conformity with written information pertaining to such Holder and
furnished to the Company by or on behalf of such Holder specifically for inclusion therein; and,
subject to the limitation set forth immediately preceding this clause, shall reimburse, as
incurred, the Company for any legal or other expenses reasonably incurred by the Company or any
such controlling person in connection with investigating or defending any loss, claim, damage,
liability or action in respect thereof. This indemnity agreement will be in addition to any
liability which such Holder may otherwise have to the Company or any of its controlling persons.
(c) Promptly after receipt by an indemnified party under this Section 4 of notice of the
commencement of any action or proceeding (including a governmental investigation), such indemnified
party will, if a claim in respect thereof is to be made against the indemnifying party under this
Section 4, notify the indemnifying party of the commencement thereof; but the failure to notify the
indemnifying party shall not relieve it from any liability that it may have under subsection (a) or
(b) above except to the extent that it has been materially prejudiced (through the forfeiture of
substantive rights or defenses) by such failure; and provided further that the failure to notify
the indemnifying party shall not relieve it from any liability that it may have to an indemnified
party otherwise than under subsection (a) or (b) above. In case any such action is brought against
any indemnified party, and it notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein and, to the extent that it may wish,
jointly with any other indemnifying party similarly notified, to assume the defense thereof, with
counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent
of the
7
indemnified party, be counsel to the indemnifying party), and after notice from the
indemnifying party to such indemnified party of its election so to assume the defense thereof the
indemnifying party will not be liable to such indemnified party under this Section 4 for any legal
or other expenses, other than reasonable costs of investigation, subsequently incurred by such
indemnified party in connection with the defense thereof. No indemnifying party shall, without the
prior written consent of the indemnified party, effect any settlement of any pending or threatened
action in respect of which any indemnified party is or could have been a party and indemnity could
have been sought hereunder by such indemnified party unless such settlement (i) includes an
unconditional release of such indemnified party from all liability on any claims that are the
subject matter of such action, and (ii) does not include a statement as to or an admission of
fault, culpability or a failure to act by or on behalf of any indemnified party. No indemnified
party shall effect any settlement of any pending or threatened action without the prior written
consent of the indemnifying party, which such consent shall not be unreasonably withheld or
delayed.
(d) If the indemnification provided for in this Section 4 is unavailable or insufficient to
hold harmless an indemnified party under subsections (a) or (b) above, then each indemnifying party
shall contribute to the amount paid or payable by such indemnified party as a result of the losses,
claims, damages or liabilities (or actions in respect thereof) referred to in subsection (a) or (b)
above in such proportion as is appropriate to reflect the relative benefits received by the
indemnifying party or parties on the one hand and the indemnified party on the other from the sale
of the Securities, pursuant to the Shelf Registration, or (ii) if the allocation provided by the
foregoing clause (i) is not permitted by applicable law, in such proportion as is appropriate to
reflect not only the relative benefits referred to in clause (i) above but also the relative fault
of the indemnifying party or parties on the one hand and the indemnified party on the other in
connection with the statements or omissions that resulted in such losses, claims, damages or
liabilities (or actions in respect thereof) as well as any other relevant equitable considerations.
The relative fault of the parties shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or the omission or alleged omission to
state a material fact relates to information supplied by the Company on the one hand or such Holder
or such other indemnified party, as the case may be, on the other, and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission. The amount paid by an indemnified party as a result of the losses, claims, damages or
liabilities referred to in the first sentence of this subsection (d) shall be deemed to include any
legal or other expenses reasonably incurred by such indemnified party in connection with
investigating or defending any action or claim which is the subject of this subsection (d).
Notwithstanding any other provision of this Section 4(d), the Holders shall not be required to
contribute any amount in excess of the amount by which the net proceeds received by such Holders
from the sale of the Securities pursuant to the Shelf Registration Statement exceeds the amount of
damages which such Holders have otherwise been required to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from
any person who was not guilty of such fraudulent misrepresentation. For purposes of this paragraph
(d), each person, if any, who controls such indemnified party within the meaning of the Securities
Act or the Exchange Act shall have the same rights to contribution as such indemnified party and
each person, if any, who controls the Company within the meaning of the Securities Act or the
Exchange Act shall have the same rights to contribution as the Company.
(e) The agreements contained in this Section 4 shall survive the sale of the Securities
pursuant to the Shelf Registration Statement and shall remain in full force and effect, regardless
of any termination or cancellation of this Agreement or any investigation made by or on behalf of
any indemnified party.
5. Additional Interest Under Certain Circumstances. (a) Additional interest (the
“Additional Interest”) with respect to the Initial Securities shall be assessed as follows if any
of the following events occur (each such event in clauses (i) through (iv) below being herein
called a “Registration Default”):
(i) the Shelf Registration Statement has not been filed with the Commission by the
120th day after the first date of original issuance of the Initial Securities;
8
(ii) the Shelf Registration Statement has not been declared effective by the
Commission by the 180th day after the first date of original issue of the Initial
Securities;
(iii) the Company fails with respect to a Holder that supplies properly executed and
completed Notice and Questionnaire described in Paragraph 2(m) to amend or supplement the
Registration Statement in the manner set forth in 2(m); provided that such assessment shall
be paid only to such Holder and directly to such Holder; or
(iv) the Shelf Registration Statement is declared effective, and such Shelf
Registration Statement ceases to be effective or fails to be usable in connection with
resales of Initial Securities and the Transfer Restricted issuable upon the conversion of
the Initial Securities in accordance with and during the periods specified in this
Agreement and (A) the Company does not cure the Shelf Registration Statement within fifteen
business days by a post-effective amendment or a report filed pursuant to the Exchange Act
or (B) if applicable, the Company does not terminate the suspension period described above
by the 45th or 90th day, as the case may be.
Each of the foregoing will constitute a Registration Default whatever the reason for any such event
and whether it is voluntary or involuntary or is beyond the control of the Company or pursuant to
operation of law or as a result of any action or inaction by the Commission.
Additional Interest shall accrue on the Initial Securities over and above the interest set forth in
the title of the Initial Securities from and including the date on which any such Registration
Default shall occur to but excluding the date on which all such Registration Defaults have been
cured, at the rate of 0.25% per annum for the first 90 days after the occurrence of the
registration default and at the rate of 0.50% per annum thereafter. (the “Additional Interest
Rate”) (or an equivalent amount of any Common Stock issued upon conversion of the Initial
Securities). In the case of a Registration Default described in clause (iii) the Company’s
obligation to pay additional interest extends only to the affected Initial Securities. The Company
shall have no other liabilities for monetary damages with respect to its registration obligations.
With respect to each Holder, the Company’s obligations to pay additional interest remain in effect
only so long as the Initial Securities and the Common Stock issuable upon the conversion of the
Initial Securities held by the Holder are Transfer Restricted Securities within the meaning of this
Agreement.
(b) A Registration Default referred to in Section 5(a)(iii) hereof shall be deemed not to
have occurred and be continuing in relation to the Shelf Registration Statement or the related
Prospectus if (i) such Registration Default has occurred solely as a result of (x) the filing of a
post-effective amendment to the Shelf Registration Statement to incorporate annual audited
financial information with respect to the Company where such post-effective amendment is not yet
effective and needs to be declared effective to permit Holders to use the related Prospectus or (y)
other material events, with respect to the Company that would need to be described in such Shelf
Registration Statement or the related Prospectus and (ii) in the case of clause (y), the Company is
proceeding promptly and in good faith to amend or supplement the Shelf Registration Statement and
related Prospectus to describe such events as required by paragraph 2(h) hereof; provided,
however, that in any case if such Registration Default occurs for a continuous period in
excess of 30 days, Additional Interest shall be payable in accordance with the above paragraph from
the day such Registration Default occurs until such Registration Default is cured.
(c) Any amounts of Additional Interest due pursuant to Section 5(a) will be payable in cash
on the regular interest payment dates with respect to the Initial Securities. The amount of
Additional Interest will be determined by multiplying the applicable Additional Interest Rate by
the principal amount of the Initial Securities, further multiplied by a fraction, the numerator of
which is the number of days such Additional Interest Rate was applicable during such period
(determined on the basis of a 360-day year comprised of twelve 30-day months), and the denominator
of which is 360.
(d) “Transfer Restricted Securities” means each Security until (i) the date on which such
Security has been effectively registered under the Securities Act and disposed of in accordance
with the
9
Shelf Registration Statement or (ii) the date on which such Security is distributed to the
public pursuant to Rule 144 under the Securities Act or is saleable pursuant to Rule 144(k) under
the Securities Act.
6. Rules 144 and 144A. The Company shall use its reasonable best efforts to file the reports
required to be filed by it under the Securities Act and the Exchange Act in a timely manner and, if
at any time the Company is not required to file such reports, it will, upon the request of any
Holder, make publicly available other information so long as necessary to permit sales of their
securities pursuant to Rules 144 and 144A. The Company covenants that it will take such further
action as any Holder may reasonably request, all to the extent required from time to time to enable
such Holder to sell Transfer Restricted Securities without registration under the Securities Act
within the limitation of the exemptions provided by Rules 144 and 144A (including the requirements
of Rule 144A(d)(4)). The Company will provide a copy of this Agreement to prospective purchasers
of Securities identified to the Company by the Initial Purchaser upon request. Upon the request of
any Holder, the Company shall deliver to such Holder a written statement as to whether it has
complied with such requirements. Notwithstanding the foregoing, nothing in this Section 6 shall be
deemed to require the Company to register any of its securities pursuant to the Exchange Act.
7. Underwritten Registrations. If any of the Transfer Restricted Securities covered by the
Shelf Registration are to be sold in an underwritten offering, the investment banker or investment
bankers and manager or managers that will administer the offering (“Managing Underwriters”) will be
selected by the holders of a majority in aggregate principal amount of such Transfer Restricted
Securities to be included in such offering (provided that holders of Common Stock issued upon
conversion of the Initial Securities shall not be deemed holders of Common Stock, but shall be
deemed to be holders of the aggregate principal amount of Initial Securities from which such Common
Stock was converted) and such selection shall be subject to the Company’s consent, which shall not
be unreasonably withheld or delayed.
No person may participate in any underwritten registration hereunder unless such person (i)
agrees to sell such person’s Transfer Restricted Securities on the basis reasonably provided in any
underwriting arrangements approved by the persons entitled hereunder to approve such arrangements
and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents reasonably required under the terms of such underwriting
arrangements.
8. Miscellaneous.
(a) Remedies. The Company acknowledges and agrees that any failure by the Company to comply
with its obligations hereunder may result in material irreparable injury to the Initial Purchasers
or the Holders for which there is no adequate remedy at law, that it will not be possible to
measure damages for such injuries precisely and that, in the event of any such failure, the Initial
Purchasers or any Holder may obtain such relief as may be required to specifically enforce the
Company’s obligations hereunder.
(b) No Inconsistent Agreements. The Company will not on or after the date of this Agreement
enter into any agreement with respect to its securities that is inconsistent with the rights
granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof. The
rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent
with the rights granted to the holders of the Company’s securities under any agreement in effect on
the date hereof.
(c) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof may not be given,
except by the Company and the written consent of the holders of a majority in principal amount of
the Securities affected by such amendment, modification, supplement, waiver or consents (provided
that holders of Common Stock issued upon conversion of Initial Securities shall not be deemed
holders of Common Stock, but shall be deemed to be holders of the aggregate principal amount of
Initial Securities from which such Common Stock was converted). Without the consent of the Holder
of each Initial Security, however, no modification may change the provisions relating to the
payment of Additional Interest.
10
(d) Notices. All notices and other communications provided for or permitted hereunder shall
be made in writing by hand delivery, first-class mail, facsimile transmission, or air courier which
guarantees overnight delivery:
(1) if to a Holder of the Securities, at the most current address given by such
Holder to the Company.
(2) if to the Initial Purchaser;
Credit Suisse Securities (USA) LLC
Xxxxxx Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000-0000
Fax No.: (000) 000-0000
Attention: LCD-IBD Group
Xxxxxx Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000-0000
Fax No.: (000) 000-0000
Attention: LCD-IBD Group
with a copy to:
Xxxxxxx, Swaine & Xxxxx
Worldwide Plaza
000 Xxxxxx Xxxxxx
Xxx Xxxx, XX 00000-7475
Attn: Xxxxxxx X. Xxxxxx, III, Esq.
Worldwide Plaza
000 Xxxxxx Xxxxxx
Xxx Xxxx, XX 00000-7475
Attn: Xxxxxxx X. Xxxxxx, III, Esq.
(3) if to the Company, at its address as follows:
with a copy to:
WilmerHale
00 Xxxxx Xxxxxx
Xxxxxx, XX 00000
Fax No.: (000) 000-0000
Attn: Xxxx X. Xxxxxx, Esq.
00 Xxxxx Xxxxxx
Xxxxxx, XX 00000
Fax No.: (000) 000-0000
Attn: Xxxx X. Xxxxxx, Esq.
All such notices and communications shall be deemed to have been duly given: at the time
delivered by hand, if personally delivered; three business days after being deposited in the mail,
postage prepaid, if mailed; when receipt is acknowledged by recipient’s facsimile machine operator,
if sent by facsimile transmission; and on the day delivered, if sent by overnight air courier
guaranteeing next day delivery.
(e) Third Party Beneficiaries. The Holders shall be third party beneficiaries to the
agreements made hereunder between the Company, on the one hand, and the Initial Purchasers, on the
other hand, and shall have the right to enforce such agreements directly to the extent they may
deem such enforcement necessary or advisable to protect their rights or the rights of Holders
hereunder.
(f) Successors and Assigns. This Agreement shall be binding upon the Company and its
successors and assigns.
11
(g) Counterparts. This Agreement may be executed in any number of counterparts and by the
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same agreement.
(h) Headings. The headings in this Agreement are for convenience of reference only and shall
not limit or otherwise affect the meaning hereof.
(i) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS.
By the execution and delivery of this Agreement, the Company submits to the nonexclusive
jurisdiction of any federal or state court in the State of New York.
(j) Severability. If any one or more of the provisions contained herein, or the application
thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and
enforceability of any such provision in every other respect and of the remaining provisions
contained herein shall not be affected or impaired thereby.
(k) Securities Held by the Company. Whenever the consent or approval of Holders of a
specified percentage of principal amount of Securities is required hereunder, Securities held by
the Company or its affiliates (other than subsequent Holders of Securities if such subsequent
Holders are deemed to be affiliates solely by reason of their holdings of such Securities) shall
not be counted in determining whether such consent or approval was given by the Holders of such
required percentage.
12
If the foregoing is in accordance with your understanding of our agreement, please sign and
return to the Company a counterpart hereof, whereupon this instrument, along with all counterparts,
will become a binding agreement among the Initial Purchaser and the Company in accordance with its
terms.
Very truly yours, | ||||
Skyworks Solutions, Inc. | ||||
by | /s/ Xxxxx X. Xxxxxxx | |||
Name: Xxxxx X. Xxxxxxx Title: President and Chief Executive Officer |
13
The foregoing Registration
Rights Agreement is hereby confirmed
and accepted as of the date first
above written.
Rights Agreement is hereby confirmed
and accepted as of the date first
above written.
By: Credit Suisse securities (usa) llc | ||||
by
|
/s/ Amr El Xxxxx | |||
Name: Amr El Xxxxx Title: Managing Director |
14
ANNEX A
FORM OF SELLING SECURITYHOLDER NOTICE AND QUESTIONNAIRE
The undersigned beneficial holder of [Title of Securities] (the “Notes”) of [Name of Issuer]
(the “Company”) or Common Stock, par value [$ ] per share (the “Common Stock” and together with
the Notes, the “Registrable Securities”), of the Company understands that the Company has filed or
intends to file with the Securities and Exchange Commission a registration statement (the “Shelf
Registration Statement”) for the registration and resale under Rule 415 of the Securities Act of
1933, as amended, of the Registrable Securities in accordance with the terms of the Registration
Rights Agreement, dated as of [Date] (the “Registration Rights Agreement”), between the Company and
the Initial Purchaser named therein. A copy of the Registration Rights Agreement is available from
the Company upon request at the address set forth below. All capitalized terms not otherwise
defined herein shall have the meaning ascribed thereto in the Registration Rights Agreement.
Each beneficial owner of Registrable Securities is entitled to the benefits of the
Registration Rights Agreement. In order to sell or otherwise dispose of any Registrable Securities
pursuant to the Shelf Registration Statement, a beneficial owner of Registrable Securities
generally will be required to be named as a selling securityholder in the related prospectus,
deliver a prospectus to each purchaser of Registrable Securities and be bound by those provisions
of the Registration Rights Agreement applicable to such beneficial owner (including certain
indemnification provisions, as described below). Beneficial owners are encouraged to complete and
deliver this Notice and Questionnaire prior to the effectiveness of the Shelf Registration
Statement so that such beneficial owners may be named as selling securityholders in the related
prospectus at the time of effectiveness. Any beneficial owner of Notes wishing to include its
Registrable Securities must deliver to the Company a properly completed and signed Selling
Securityholder Notice and Questionnaire.
Certain legal consequences arise from being named as a selling securityholder in the Shelf
Registration Statement and the related prospectus. Accordingly, holders and beneficial owners of
Registrable Securities are advised to consult their own securities law counsel regarding the
consequences of being named or not being named as a selling securityholder in the Shelf
Registration Statement and the related prospectus.
Notice
The undersigned beneficial owner (the “Selling Securityholder”) of Registrable Securities
hereby gives notice to the Company of its intention to sell or otherwise dispose of Registrable
Securities beneficially owned by it and listed below in Item 3 (unless otherwise specified under
Item 3) pursuant to the Shelf Registration Statement. The undersigned, by signing and returning
this Notice and Questionnaire, understands that it will be bound by the terms and conditions of
this Notice and Questionnaire and the Registration Rights Agreement.
The undersigned hereby provides the following information to the Company and represents and
warrants that such information is accurate and complete:
QUESTIONNAIRE
1. | (a) | Full Legal Name of Selling Securityholder: | ||||
(b) | Full Legal Name of Registered Holder (if not the same as (a) above) through which Registrable Securities listed in (3) below are held: | |||||
(c) | Full Legal Name of DTC Participant (if applicable and if not the same as (b) above) through which Registrable Securities listed in (3) below are held: | |||||
2. | Address for Notices to Selling Securityholder: | |||||
Telephone: | ||||||
Fax: | ||||||
Contact Person: | ||||||
3. | Beneficial Ownership of Registrable Securities: | |||||
(a) | Type and Principal Amount of Registrable Securities beneficially owned: | |||||
(b) | CUSIP No(s). of Registrable Securities beneficially owned: | |||||
4. | Beneficial Ownership of the Company’s securities owned by the Selling Securityholder: | |||||
Except as set forth below in this Item (4), the undersigned is not the beneficial or registered owner of any “Other Securities,” defined as securities of the Company other than the Registrable Securities listed above in Item (3). | ||||||
(a) | Type and Amount of Other Securities beneficially owned by the Selling Securityholder: | |||||
(b) | CUSIP No(s). of such Other Securities beneficially owned: | |||||
A-2
5. | Relationship with the Company: | |||||
Except as set forth below, neither the undersigned nor any of its affiliates, officers, directors or principal equityholders (5% or more) has held any position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past three years. | ||||||
State any exceptions here: | ||||||
6. | Plan of Distribution: | |||||
Except as set forth below, the undersigned (including its donees or pledgees) intends to distribute the Registrable Securities listed above in Item (3) pursuant to the Shelf Registration Statement only as follows (if at all): Such Registrable Securities may be sold from time to time directly by the undersigned or alternatively, through underwriters, broker-dealers or agents. If the Registrable Securities are sold through underwriters or broker-dealers, the Selling Securityholder will be responsible for underwriting discounts or commissions or agent’s commissions. Such Registrable Securities may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of sale, at varying prices determined at the time of sale, or at negotiated prices. Such sales may be effected in transactions (which may involve block transactions) (i) on any national securities exchange or quotation service on which the Registrable Securities may be listed or quoted at the time of sale, (ii) in the over-the-counter market, (iii) in transactions otherwise than on such exchanges or services or in the over-the-counter market, or (iv) through the writing of options. In connection with sales of the Registrable Securities or otherwise, the undersigned may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the Registrable Securities and deliver Registrable Securities to close out such short positions, or loan or pledge Registrable Securities to broker-dealers that in turn may sell such securities. | ||||||
State any exceptions here: | ||||||
The undersigned acknowledges that it understands its obligation to comply with the provisions
of the Securities Exchange Act of 1934, as amended, and the rules thereunder relating to stock
manipulation, particularly Regulation M thereunder (or any successor rules or regulations), in
connection with any offering of Registrable Securities pursuant to the Shelf Registration
Statement. The undersigned agrees that neither it nor any person acting on its behalf will engage
in any transaction in violation of such provisions.
The Selling Securityholder hereby acknowledges its obligations under the Registration Rights
Agreement to indemnify and hold harmless certain persons as set forth therein.
A-3
Pursuant to the Registration Rights Agreement, the Company has agreed under certain
circumstances to indemnify the Selling Securityholder against certain liabilities.
In accordance with the undersigned’s obligation under the Registration Rights Agreement to
provide such information as may be required by law for inclusion in the Shelf Registration
Statement, the undersigned agrees to promptly notify the Company of any inaccuracies or changes in
the information provided herein that may occur subsequent to the date hereof at any time while the
Shelf Registration Statement remains effective. All notices hereunder and pursuant to the
Registration Rights Agreement shall be made in writing at the address set forth below.
By signing below, the undersigned consents to the disclosure of the information contained
herein in its answers to items (1) through (6) above and the inclusion of such information in the
Shelf Registration Statement and the related prospectus. The undersigned understands that such
information will be relied upon by the Company in connection with the preparation or amendment of
the Shelf Registration Statement and the related prospectus.
IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and
Questionnaire to be executed and delivered either in person or by its duly authorized agent.
Dated: | Beneficial Owner | |||
By: | ||||
Name: | ||||
Title: |
PLEASE RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE TO:
[Name, address and telephone number
of Issuer]
of Issuer]
A-4