Exhibit 10.5

 

GLDD ACQUISITIONS CORP.

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of December 22,
2003, by and among GLDD Acquisitions Corp., a Delaware corporation (the
“Company”); Madison Dearborn Capital Partners IV, L.P., a Delaware corporation
(“MDCP”) and each of the Persons listed on the signature pages hereto as “Other
Investors” (the “Other Investors”).  Capitalized terms used but not otherwise
defined herein have the meanings set forth in Section 7 hereof.

 

MDCP and certain Other Investors purchasing shares of Common Stock and Series A
Preferred Stock of the Company pursuant to a Subscription Agreement among MDCP,
the Company and certain other Persons party thereto, dated as of December 22,
2003 (as amended or modified from time to time, the “Subscription Agreement”).

 

Certain Other Investors that are members of management of the Company and its
Subsidiaries are acquiring shares of Common Stock and Series B Preferred Stock
of the Company pursuant to a Management Equity Agreement among the Other
Investors and the Company dated as of December 22, 2003 (as amended or modified
from time to time, the “Management Equity Agreement”).

 

The execution and delivery of this Agreement is a condition to MDCP’s purchase
of the Common Stock and Series A Preferred Stock pursuant to the Subscription
Agreement and the Other Investors’ acquisition of the Common Stock and Series B
Preferred Stock pursuant to the Management Equity Agreement.

 

The parties hereto agree as follows:

 

1.                                       DEMAND REGISTRATIONS.

 

(A)                                  REQUESTS FOR REGISTRATION.  AT ANY TIME
AFTER THE DATE HEREOF, THE HOLDERS OF AT LEAST A MAJORITY OF MDCP REGISTRABLE
SECURITIES MAY REQUEST REGISTRATION UNDER THE SECURITIES ACT OF ALL OR ANY
PORTION OF THEIR REGISTRABLE SECURITIES (I) ON FORM S-1 OR ANY SIMILAR LONG-FORM
REGISTRATION (“LONG-FORM REGISTRATIONS”) AND (II) ON FORM S-2 OR S-3 OR ANY
SIMILAR SHORT-FORM REGISTRATION (“SHORT-FORM REGISTRATIONS”) IF AVAILABLE.  ALL
REGISTRATIONS REQUESTED PURSUANT TO THIS SECTION 1(A) ARE REFERRED TO HEREIN AS
“DEMAND REGISTRATIONS.”  EACH REQUEST FOR A DEMAND REGISTRATION SHALL SPECIFY
THE APPROXIMATE NUMBER OF REGISTRABLE SECURITIES REQUESTED TO BE REGISTERED AND
THE ANTICIPATED PER SHARE PRICE RANGE FOR SUCH OFFERING.  WITHIN TEN DAYS AFTER
RECEIPT OF ANY SUCH REQUEST, THE COMPANY SHALL GIVE WRITTEN NOTICE OF SUCH
REQUESTED REGISTRATION TO ALL OTHER HOLDERS OF REGISTRABLE SECURITIES AND
(SUBJECT TO THE REMAINDER OF THIS SECTION 1) 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’S NOTICE.

 

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(B)                                 NUMBER OF DEMAND REGISTRATIONS.  THE HOLDERS
OF MDCP REGISTRABLE SECURITIES SHALL BE ENTITLED TO REQUEST THREE LONG-FORM
REGISTRATIONS AND AN UNLIMITED NUMBER OF SHORT-FORM REGISTRATIONS IN WHICH THE
COMPANY SHALL PAY ALL REGISTRATION EXPENSES AS SET FORTH IN SECTION 4; PROVIDED
THAT THE AGGREGATE OFFERING VALUE OF THE REGISTRABLE SECURITIES REQUESTED TO BE
REGISTERED IN ANY LONG-FORM REGISTRATION MUST EQUAL AT LEAST $20 MILLION.  A
REGISTRATION SHALL NOT COUNT AS ONE OF THE PERMITTED LONG-FORM REGISTRATIONS
UNTIL IT HAS BECOME EFFECTIVE, AND NO LONG-FORM REGISTRATION SHALL COUNT AS ONE
OF THE PERMITTED LONG-FORM REGISTRATIONS UNLESS THE HOLDERS OF REGISTRABLE
SECURITIES ARE ABLE TO REGISTER AND SELL AT LEAST 90% OF THE REGISTRABLE
SECURITIES REQUESTED TO BE INCLUDED IN SUCH REGISTRATION; PROVIDED THAT IN ANY
EVENT THE COMPANY SHALL PAY ALL REGISTRATION EXPENSES IN CONNECTION WITH ANY
REGISTRATION INITIATED AS A DEMAND REGISTRATION WHETHER OR NOT IT HAS BECOME
EFFECTIVE.

 

(C)                                  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
50% OR MORE 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 THEREIN IN AN ORDERLY MANNER IN SUCH
OFFERING WITHIN A PRICE RANGE ACCEPTABLE TO THE HOLDERS OF A MAJORITY OF THE
REGISTRABLE SECURITIES REQUESTED TO BE INCLUDED THEREIN, THEN THE COMPANY (I)
SHALL INCLUDE IN SUCH REGISTRATION ONLY SUCH NUMBER AS MAY BE SOLD THEREIN IN
SUCH AN ORDERLY MANNER, AND (II) PRIOR TO THE INCLUSION OF ANY SECURITIES WHICH
ARE NOT REGISTRABLE SECURITIES SHALL INCLUDE REGISTRABLE SECURITIES PRO RATA
AMONG THE RESPECTIVE HOLDERS THEREOF ON THE BASIS OF THE AMOUNT OF REGISTRABLE
SECURITIES OWNED BY EACH SUCH HOLDER; PROVIDED, HOWEVER, THAT IF THE MANAGING
UNDERWRITERS DETERMINE THAT THE INCLUSION OF THE NUMBER OF OTHER INVESTOR
REGISTRABLE SECURITIES PROPOSED TO BE INCLUDED IN ANY SUCH OFFERING WOULD
ADVERSELY AFFECT THE MARKETABILITY OF SUCH OFFERING, THE COMPANY MAY EXCLUDE
SUCH NUMBER OF OTHER INVESTOR REGISTRABLE SECURITIES AS NECESSARY TO NEGATE SUCH
ADVERSE IMPACT.

 

(D)                                 RESTRICTIONS ON DEMAND REGISTRATIONS.  THE
COMPANY SHALL NOT BE OBLIGATED TO EFFECT ANY DEMAND REGISTRATION WITHIN 180 DAYS
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 WHICH THERE WAS NO REDUCTION IN THE NUMBER
OF REGISTRABLE SECURITIES REQUESTED TO BE INCLUDED.  IN ADDITION, THE COMPANY
MAY POSTPONE FOR UP TO 180 DAYS THE FILING OR THE EFFECTIVENESS OF A
REGISTRATION STATEMENT FOR A DEMAND REGISTRATION IF THE COMPANY’S BOARD OF
DIRECTORS DETERMINES IN ITS REASONABLE GOOD FAITH JUDGMENT THAT SUCH DEMAND
REGISTRATION WOULD REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT ON
ANY PROPOSAL OR PLAN BY THE COMPANY OR ANY OF ITS SUBSIDIARIES TO ENGAGE IN ANY
ACQUISITION OF ASSETS (OTHER THAN IN THE ORDINARY COURSE OF BUSINESS) OR ANY
MERGER, CONSOLIDATION, TENDER OFFER, REORGANIZATION OR SIMILAR TRANSACTION;
PROVIDED THAT IN SUCH EVENT, THE HOLDERS OF REGISTRABLE SECURITIES INITIALLY
REQUESTING SUCH DEMAND REGISTRATION SHALL BE ENTITLED TO WITHDRAW SUCH REQUEST
AND, IF SUCH REQUEST IS WITHDRAWN, SUCH DEMAND REGISTRATION SHALL NOT COUNT AS
ONE OF THE PERMITTED LONG-FORM REGISTRATIONS HEREUNDER AND THE COMPANY SHALL PAY
ALL REGISTRATION EXPENSES IN CONNECTION WITH SUCH REGISTRATION.

 

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(E)                                  SELECTION OF UNDERWRITERS.  THE COMPANY’S
BOARD OF DIRECTORS SHALL SELECT THE INVESTMENT BANKER(S) AND MANAGER(S) TO
ADMINISTER THE OFFERING.

 

(F)                                    FORM S-3.  IF THE HOLDERS OF REGISTRABLE
SECURITIES DO NOT INTEND TO DISTRIBUTE THE REGISTRABLE SECURITIES BY MEANS OF AN
UNDERWRITTEN PUBLIC OFFERING, THE COMPANY MAY, IF IT IS THEN ELIGIBLE TO DO SO,
EFFECT THE REGISTRATION OF THE REGISTRABLE SECURITIES ON FORM S-3 OR ANY
COMPARABLE OR SUCCESSOR FORM OR FORMS IF SUCH FORM IS AVAILABLE FOR USE BY THE
COMPANY PURSUANT TO AND IN ACCORDANCE WITH THE SECURITIES ACT.

 

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
(SUBJECT TO THE REMAINDER OF THIS SECTION 2) SHALL INCLUDE IN SUCH REGISTRATION
ALL REGISTRABLE SECURITIES WITH RESPECT TO WHICH THE COMPANY HAS RECEIVED
WRITTEN REQUESTS FOR INCLUSION THEREIN WITHIN 20 DAYS AFTER THE RECEIPT OF THE
COMPANY’S 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 (I) SHALL
INCLUDE IN SUCH REGISTRATION ONLY SUCH NUMBER AS MAY BE SOLD THEREIN IN SUCH AN
ORDERLY MANNER, AND (II) PRIOR TO THE INCLUSION OF ANY SECURITIES WHICH ARE NOT
REGISTRABLE SECURITIES, SHALL INCLUDE REGISTRABLE SECURITIES PRO RATA AMONG THE
RESPECTIVE HOLDERS THEREOF ON THE BASIS OF THE AMOUNT OF REGISTRABLE SECURITIES
OWNED BY EACH SUCH HOLDER; PROVIDED, HOWEVER, THAT IF THE MANAGING UNDERWRITERS
DETERMINE THAT THE INCLUSION OF THE NUMBER OF OTHER INVESTOR REGISTRABLE
SECURITIES PROPOSED TO BE INCLUDED IN ANY SUCH OFFERING WOULD ADVERSELY AFFECT
THE MARKETABILITY OF SUCH OFFERING, THE COMPANY MAY EXCLUDE SUCH NUMBER OF OTHER
INVESTOR REGISTRABLE SECURITIES AS NECESSARY TO NEGATE SUCH ADVERSE IMPACT.

 

(D)                                 PRIORITY ON SECONDARY REGISTRATIONS.  IF A
PIGGYBACK REGISTRATION IS AN UNDERWRITTEN SECONDARY REGISTRATION ON BEHALF OF
HOLDERS OF THE COMPANY’S SECURITIES, 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 (I) SHALL INCLUDE IN SUCH
REGISTRATION ONLY SUCH NUMBER AS MAY BE SOLD THEREIN IN SUCH AN ORDERLY MANNER,
AND (II) PRIOR TO THE INCLUSION OF ANY SECURITIES WHICH ARE NOT REGISTRABLE
SECURITIES SHALL INCLUDE REGISTRABLE SECURITIES PRO RATA AMONG THE RESPECTIVE
HOLDERS THEREOF ON THE BASIS OF THE AMOUNT OF REGISTRABLE SECURITIES OWNED BY
EACH SUCH HOLDER; PROVIDED, HOWEVER, THAT IF THE MANAGING UNDERWRITERS DETERMINE
THAT THE INCLUSION OF

 

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THE NUMBER OF OTHER INVESTOR REGISTRABLE SECURITIES PROPOSED TO BE INCLUDED IN
ANY SUCH OFFERING WOULD ADVERSELY AFFECT THE MARKETABILITY OF SUCH OFFERING, THE
COMPANY MAY EXCLUDE SUCH NUMBER OF OTHER INVESTOR REGISTRABLE SECURITIES AS
NECESSARY TO NEGATE SUCH ADVERSE IMPACT.

 

(E)                                  OTHER REGISTRATIONS.  IF THE COMPANY HAS
PREVIOUSLY FILED A REGISTRATION STATEMENT WITH RESPECT TO REGISTRABLE SECURITIES
PURSUANT TO SECTION 1 OR PURSUANT TO THIS SECTION 2, AND IF SUCH PREVIOUS
REGISTRATION HAS NOT BEEN WITHDRAWN OR ABANDONED, THE COMPANY SHALL NOT FILE OR
CAUSE TO BE EFFECTED ANY OTHER REGISTRATION OF ANY OF ITS EQUITY SECURITIES OR
SECURITIES CONVERTIBLE OR EXCHANGEABLE INTO OR EXERCISABLE FOR ITS EQUITY
SECURITIES UNDER THE SECURITIES ACT (EXCEPT ON FORM S-8 OR ANY SUCCESSOR FORM),
WHETHER ON ITS OWN BEHALF OR AT THE REQUEST OF ANY HOLDER OR HOLDERS OF SUCH
SECURITIES, UNTIL A PERIOD OF AT LEAST 180 DAYS HAS ELAPSED FROM THE EFFECTIVE
DATE OF SUCH PREVIOUS REGISTRATION.

 

3.                                       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 BEST 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 EXPEDITIOUSLY AS POSSIBLE:

 

(A)                                  PREPARE AND FILE WITH THE SECURITIES AND
EXCHANGE COMMISSION A REGISTRATION STATEMENT WITH RESPECT TO SUCH REGISTRABLE
SECURITIES WITHIN 120 DAYS (IN CONNECTION WITH AN INITIAL PUBLIC OFFERING) OR 60
DAYS (IN CONNECTION WITH ALL OTHER PUBLIC OFFERINGS) AND USE ITS BEST EFFORTS TO
CAUSE SUCH REGISTRATION STATEMENT TO BECOME EFFECTIVE (PROVIDED THAT 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)                                 PROMPTLY 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 180 DAYS 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 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 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 BEST EFFORTS TO REGISTER OR QUALIFY
SUCH REGISTRABLE SECURITIES UNDER SUCH OTHER SECURITIES OR BLUE SKY LAWS OF SUCH
JURISDICTIONS AS ANY SELLER REASONABLY REQUESTS AND 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

 

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OWNED BY SUCH SELLER (PROVIDED THAT THE COMPANY SHALL NOT BE REQUIRED TO (I)
QUALIFY GENERALLY TO DO BUSINESS IN ANY JURISDICTION WHERE IT WOULD NOT
OTHERWISE BE REQUIRED TO QUALIFY BUT FOR THIS SUBPARAGRAPH, (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, AT ANY TIME WHEN A PROSPECTUS RELATING THERETO IS REQUIRED TO BE
DELIVERED UNDER THE SECURITIES ACT, OF 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 ANY FACT NECESSARY TO MAKE THE STATEMENTS
THEREIN NOT MISLEADING, 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 SHALL NOT CONTAIN AN UNTRUE STATEMENT OF A MATERIAL FACT OR OMIT TO
STATE ANY FACT NECESSARY TO MAKE THE STATEMENTS THEREIN NOT MISLEADING;

 

(F)                                    CAUSE ALL SUCH REGISTRABLE SECURITIES TO
BE LISTED ON EACH SECURITIES EXCHANGE ON WHICH SIMILAR SECURITIES ISSUED BY THE
COMPANY ARE THEN LISTED AND, IF NOT SO LISTED, TO BE LISTED ON THE NASD
AUTOMATED QUOTATION SYSTEM AND, IF LISTED ON THE NASD AUTOMATED QUOTATION
SYSTEM, USE ITS BEST EFFORTS TO SECURE DESIGNATION OF ALL SUCH REGISTRABLE
SECURITIES COVERED BY SUCH REGISTRATION STATEMENT AS A NASDAQ “NATIONAL MARKET
SYSTEM SECURITY” WITHIN THE MEANING OF RULE 11AA2-1 OF THE SECURITIES AND
EXCHANGE COMMISSION OR, FAILING THAT, TO SECURE NASDAQ AUTHORIZATION FOR SUCH
REGISTRABLE SECURITIES AND, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, TO
ARRANGE FOR AT LEAST TWO MARKET MAKERS TO REGISTER AS SUCH WITH RESPECT TO SUCH
REGISTRABLE SECURITIES WITH THE NASD;

 

(G)                                 PROVIDE A TRANSFER AGENT AND REGISTRAR FOR
ALL SUCH REGISTRABLE SECURITIES NOT LATER THAN 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 (INCLUDING EFFECTING A STOCK
SPLIT OR A COMBINATION OF SHARES);

 

(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 REASONABLY REQUESTED BY ANY SUCH SELLER, UNDERWRITER,
ATTORNEY, ACCOUNTANT OR AGENT IN CONNECTION WITH SUCH REGISTRATION STATEMENT;

 

(J)                                     OTHERWISE USE ITS BEST EFFORTS TO COMPLY
WITH ALL APPLICABLE RULES AND REGULATIONS OF THE SECURITIES AND EXCHANGE
COMMISSION, 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;

 

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(K)                                  PERMIT ANY HOLDER OF REGISTRABLE SECURITIES
WHICH HOLDER, IN ITS SOLE AND EXCLUSIVE JUDGMENT, MIGHT BE DEEMED TO BE AN
UNDERWRITER OR A CONTROLLING PERSON OF THE COMPANY, TO PARTICIPATE IN THE
PREPARATION OF SUCH REGISTRATION OR COMPARABLE STATEMENT AND TO REQUIRE THE
INSERTION THEREIN OF MATERIAL, FURNISHED TO THE COMPANY IN WRITING, WHICH IN THE
REASONABLE JUDGMENT OF SUCH HOLDER AND ITS COUNSEL SHOULD BE INCLUDED; AND

 

(L)                                     THE COMPANY AGREES TO FILE ALL REPORTS
AND SUPPLEMENTS WHICH ARE REQUIRED TO BE FILED BY THE COMPANY UNDER THE
SECURITIES ACT SO THAT IT MAY BE ELIGIBLE TO EFFECT ANY REGISTRATION OF
REGISTRABLE SECURITIES ON FORM S-3 OR ANY COMPARABLE FORM, SUCCESSOR FORM OR
OTHER FORM IF SUCH FORM IS AVAILABLE FOR USE BY THE COMPANY.

 

4.                                       REGISTRATION EXPENSES.

 

(A)                                  ALL EXPENSES INCIDENT TO THE COMPANY’S
PERFORMANCE OF OR COMPLIANCE WITH THIS AGREEMENT, INCLUDING WITHOUT LIMITATION
ALL REGISTRATION AND FILING FEES, FEES AND EXPENSES OF COMPLIANCE WITH
SECURITIES OR BLUE SKY LAWS, PRINTING EXPENSES, MESSENGER AND DELIVERY EXPENSES,
FEES AND DISBURSEMENTS OF CUSTODIANS, 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
SHALL BE PAID BY THE COMPANY (ALL SUCH EXPENSES BEING HEREIN CALLED
“REGISTRATION EXPENSES”) AND THE COMPANY SHALL PAY ITS INTERNAL EXPENSES
(INCLUDING, WITHOUT LIMITATION, ALL SALARIES AND EXPENSES OF ITS OFFICERS AND
EMPLOYEES PERFORMING LEGAL OR ACCOUNTING DUTIES), THE EXPENSE OF ANY ANNUAL
AUDIT 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 SIMILAR SECURITIES ISSUED BY THE COMPANY ARE THEN LISTED OR ON
THE NASD AUTOMATED QUOTATION SYSTEM.

 

(B)                                 IN CONNECTION WITH EACH DEMAND REGISTRATION
AND EACH PIGGYBACK REGISTRATION, THE COMPANY SHALL REIMBURSE THE HOLDERS OF
REGISTRABLE SECURITIES INCLUDED IN SUCH REGISTRATION FOR THE REASONABLE FEES AND
DISBURSEMENTS OF ONE COUNSEL CHOSEN BY THE HOLDERS OF A MAJORITY OF THE
REGISTRABLE SECURITIES INCLUDED IN SUCH REGISTRATION.

 

(C)                                  TO THE EXTENT REGISTRATION EXPENSES ARE NOT
REQUIRED TO BE PAID BY THE COMPANY, EACH HOLDER OF SECURITIES INCLUDED IN ANY
REGISTRATION HEREUNDER SHALL PAY THOSE REGISTRATION EXPENSES ALLOCABLE TO THE
REGISTRATION OF SUCH HOLDER’S SECURITIES SO INCLUDED, AND ANY REGISTRATION
EXPENSES NOT SO ALLOCABLE SHALL BE BORNE BY ALL SELLERS OF SECURITIES INCLUDED
IN SUCH REGISTRATION IN PROPORTION TO THE AGGREGATE SELLING PRICE OF THE
SECURITIES TO BE SO REGISTERED.

 

5.                                       INDEMNIFICATION.

 

(A)                                  THE COMPANY AGREES TO INDEMNIFY, TO THE
EXTENT PERMITTED BY LAW, EACH HOLDER OF REGISTRABLE SECURITIES, ITS OFFICERS AND
DIRECTORS AND EACH PERSON WHO CONTROLS SUCH HOLDER (WITHIN THE MEANING OF THE
SECURITIES ACT) AGAINST ALL LOSSES, CLAIMS, DAMAGES, LIABILITIES AND EXPENSES
CAUSED BY ANY UNTRUE OR ALLEGED UNTRUE STATEMENT OF MATERIAL FACT CONTAINED IN
ANY REGISTRATION STATEMENT, PROSPECTUS OR PRELIMINARY PROSPECTUS OR ANY
AMENDMENT THEREOF OR SUPPLEMENT THERETO OR ANY OMISSION OR ALLEGED OMISSION OF A
MATERIAL FACT REQUIRED TO BE STATED THEREIN OR NECESSARY TO MAKE THE STATEMENTS
THEREIN NOT MISLEADING, EXCEPT INSOFAR AS THE SAME ARE CAUSED BY OR CONTAINED IN
ANY INFORMATION FURNISHED IN WRITING TO THE COMPANY BY SUCH

 

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HOLDER EXPRESSLY FOR USE THEREIN OR BY SUCH HOLDER’S FAILURE TO DELIVER A COPY
OF THE REGISTRATION STATEMENT OR PROSPECTUS OR ANY AMENDMENTS OR SUPPLEMENTS
THERETO AFTER THE COMPANY HAS FURNISHED SUCH HOLDER WITH A SUFFICIENT NUMBER OF
COPIES OF THE SAME.  IN CONNECTION WITH AN UNDERWRITTEN OFFERING, THE COMPANY
SHALL INDEMNIFY SUCH UNDERWRITERS, THEIR OFFICERS AND DIRECTORS AND EACH PERSON
WHO CONTROLS SUCH UNDERWRITERS (WITHIN THE MEANING OF THE SECURITIES ACT) TO THE
SAME EXTENT AS PROVIDED ABOVE WITH RESPECT TO THE INDEMNIFICATION OF THE HOLDERS
OF REGISTRABLE SECURITIES.

 

(B)                                 IN CONNECTION WITH ANY REGISTRATION
STATEMENT 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 INDEMNIFY THE COMPANY, ITS DIRECTORS AND OFFICERS AND EACH PERSON WHO
CONTROLS THE COMPANY (WITHIN THE MEANING OF THE SECURITIES ACT) AGAINST ANY
LOSSES, CLAIMS, DAMAGES, LIABILITIES AND EXPENSES RESULTING FROM ANY UNTRUE OR
ALLEGED UNTRUE STATEMENT OF MATERIAL FACT CONTAINED IN THE REGISTRATION
STATEMENT, PROSPECTUS OR PRELIMINARY PROSPECTUS OR ANY AMENDMENT THEREOF OR
SUPPLEMENT THERETO OR ANY OMISSION OR ALLEGED OMISSION OF A MATERIAL FACT
REQUIRED TO BE STATED THEREIN OR NECESSARY TO MAKE THE STATEMENTS THEREIN NOT
MISLEADING, BUT ONLY TO THE EXTENT THAT SUCH UNTRUE STATEMENT OR OMISSION IS
CONTAINED IN ANY INFORMATION OR AFFIDAVIT SO FURNISHED IN WRITING BY SUCH
HOLDER; PROVIDED THAT THE OBLIGATION TO INDEMNIFY SHALL BE INDIVIDUAL, NOT JOINT
AND SEVERAL, FOR EACH HOLDER AND 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 PREJUDICED THE INDEMNIFYING PARTY)
AND (II) UNLESS IN SUCH INDEMNIFIED PARTY’S REASONABLE JUDGMENT A CONFLICT OF
INTEREST BETWEEN SUCH INDEMNIFIED AND INDEMNIFYING PARTIES MAY EXIST WITH
RESPECT TO SUCH CLAIM, PERMIT SUCH INDEMNIFYING PARTY TO ASSUME THE DEFENSE OF
SUCH CLAIM WITH COUNSEL REASONABLY SATISFACTORY TO THE INDEMNIFIED PARTY.  IF
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,
UNLESS IN THE REASONABLE JUDGMENT OF ANY INDEMNIFIED PARTY A CONFLICT OF
INTEREST MAY EXIST BETWEEN SUCH INDEMNIFIED PARTY AND ANY OTHER OF SUCH
INDEMNIFIED PARTIES 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 OFFICER, DIRECTOR OR
CONTROLLING PERSON OF SUCH INDEMNIFIED PARTY AND SHALL SURVIVE THE TRANSFER OF
SECURITIES.  THE COMPANY ALSO AGREES TO MAKE SUCH PROVISIONS, AS ARE REASONABLY
REQUESTED BY ANY INDEMNIFIED PARTY, FOR CONTRIBUTION TO SUCH PARTY IN THE EVENT
THE COMPANY’S INDEMNIFICATION IS UNAVAILABLE FOR ANY REASON.

 

7

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6.                                       PARTICIPATION IN UNDERWRITTEN
REGISTRATIONS.  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; PROVIDED THAT NO HOLDER OF REGISTRABLE SECURITIES INCLUDED IN ANY
UNDERWRITTEN REGISTRATION SHALL BE REQUIRED TO MAKE ANY REPRESENTATIONS OR
WARRANTIES TO THE COMPANY OR THE UNDERWRITERS (OTHER THAN REPRESENTATIONS AND
WARRANTIES REGARDING SUCH HOLDER AND SUCH HOLDER’S INTENDED METHOD OF
DISTRIBUTION) OR TO UNDERTAKE ANY INDEMNIFICATION OBLIGATIONS TO THE COMPANY OR
THE UNDERWRITERS WITH RESPECT THERETO, EXCEPT AS OTHERWISE PROVIDED IN SECTION 5
HEREOF.

 

7.                                       DEFINITIONS.  CAPITALIZED TERMS USED
BUT NOT OTHERWISE DEFINED HEREIN HAVE THE MEANING SET FORTH IN THE SUBSCRIPTION
AGREEMENT.  THE FOLLOWING TERMS WILL HAVE THE MEANINGS SET FORTH BELOW:

 

“Common Stock” means the Company’s Common Stock, par value $0.01 per share.

 

“MDCP Registrable Securities” means (i) any shares of Common Stock originally
issued to MDCP pursuant to the Subscription Agreement, (ii) any Common Stock
issued or issuable with respect to the securities referred to in clause (i) by
way of a stock dividend or stock split or stock conversion or in connection with
a combination of shares, recapitalization, merger, consolidation or other
reorganization and (iii) any other Common Stock of the Company acquired by
MDCP.  As to any particular MDCP Registrable Securities, such securities shall
cease to be MDCP Registrable Securities when they have been distributed to the
public pursuant to an offering registered under the Securities Act or sold to
the public through a broker, dealer or market maker in compliance with Rule 144
under the Securities Act (or any similar rule then in force) or a sale to the
public pursuant to Rule 144(k).  For purposes of this Agreement, a Person shall
be deemed to be a holder of MDCP Registrable Securities whenever such Person has
the right to acquire such MDCP Registrable Securities (upon conversion or
exercise in connection with a transfer of securities or otherwise, but
disregarding any restrictions or limitations upon the exercise of such right),
whether or not such acquisition has actually been effected.

 

“Other Investor Registrable Securities” means (i) any shares of Common Stock
originally issued to an Other Investor pursuant to the Subscription Agreement or
Management Equity Agreement, (ii) any Common Stock issued or issuable with
respect to the securities referred to in clause (i) by way of a stock dividend
or stock split or stock conversion or in connection with a combination of
shares, recapitalization, merger, consolidation or other reorganization and
(iii) any other Common Stock of the Company acquired by the Other Investors.  As
to any particular Other Investor Registrable Securities, such securities shall
cease to be Other Investor Registrable Securities when they have been
distributed to the public pursuant to an offering registered under the
Securities Act or sold to the public through a broker, dealer or market maker in
compliance with Rule 144 under the Securities Act (or any similar rule then in
force) or a sale to the public pursuant to Rule 144(k).  For purposes of this
Agreement, a Person shall be deemed to be a holder of Other Investor Registrable
Securities whenever such Person has the right to acquire such Other Investor
Registrable Securities (upon conversion or

 

8

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exercise in connection with a transfer of securities or otherwise, but
disregarding any restrictions or limitations upon the exercise of such right),
whether or not such acquisition has actually been effected.

 

“Public Offering” means the sale in an underwritten public offering registered
under the Securities Act of shares of the Common Stock.

 

“Registrable Securities” means, collectively, MDCP Registrable Securities and
Other Investor Registrable Securities.

 

“Securities Act” means the Securities Act of 1933, as amended from time to time.

 

“Series A Preferred Stock” means Series A Preferred Stock of the Company, par
value $0.01 per share.

 

“Series B Preferred Stock” means Series B Preferred Stock of the Company, par
value $0.01 per share.

 

8.                                       MISCELLANEOUS.

 

(A)                                  SELECTION OF INVESTMENT BANKERS.  THE
SELECTION OF INVESTMENT BANKER(S) AND MANAGER(S) FOR ANY PUBLIC OFFERING OR
PRIVATE SALE BY THE COMPANY OF ITS SECURITIES SHALL BE MADE BY THE COMPANY’S
BOARD OF DIRECTORS.

 

(B)                                 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.

 

(C)                                  REMEDIES.  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 GRANTED BY LAW.  THE PARTIES
HERETO AGREE AND ACKNOWLEDGE THAT MONEY DAMAGES MAY 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
(WITHOUT POSTING ANY BOND OR OTHER SECURITY) FOR SPECIFIC PERFORMANCE AND FOR
OTHER INJUNCTIVE RELIEF IN ORDER TO ENFORCE OR PREVENT VIOLATION OF THE
PROVISIONS OF THIS AGREEMENT.

 

(D)                                 AMENDMENTS AND WAIVERS.  EXCEPT AS OTHERWISE
PROVIDED HEREIN, THE PROVISIONS OF THIS AGREEMENT MAY BE AMENDED OR WAIVED ONLY
UPON THE PRIOR WRITTEN CONSENT OF THE COMPANY AND HOLDERS OF A MAJORITY OF MDCP
REGISTRABLE SECURITIES; PROVIDED THAT IF ANY SUCH AMENDMENT OR WAIVER WOULD
ADVERSELY AFFECT IN ANY MATERIAL MANNER THE RIGHTS OF ANY HOLDERS OF REGISTRABLE
SECURITIES RELATIVE TO OTHER HOLDERS OF REGISTRABLE SECURITIES SIMILARLY
SITUATED WITH RESPECT TO SUCH RIGHTS UNDER THIS AGREEMENT, SUCH AMENDMENT OR
WAIVER MUST BE APPROVED IN WRITING BY THE HOLDERS OF A MAJORITY OF SUCH
REGISTRABLE SECURITIES SO ADVERSELY AFFECTED.

 

(E)                                  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

 

9

--------------------------------------------------------------------------------

 

SUCCESSORS AND ASSIGNS OF THE PARTIES HERETO 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.

 

(F)                                    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.

 

(G)                                 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.

 

(H)                                 DESCRIPTIVE HEADINGS.  THE DESCRIPTIVE
HEADINGS OF THIS AGREEMENT ARE INSERTED FOR CONVENIENCE ONLY AND DO NOT
CONSTITUTE A PART OF THIS AGREEMENT.

 

(I)                                    GOVERNING LAW.  ALL ISSUES AND QUESTIONS
CONCERNING THE CONSTRUCTION, VALIDITY, INTERPRETATION AND ENFORCEMENT OF THIS
AGREEMENT AND THE EXHIBITS AND SCHEDULES HERETO SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING
EFFECT TO ANY CHOICE OF LAW OR CONFLICT OF LAW RULES OR PROVISIONS (WHETHER OF
THE STATE OF DELAWARE OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE
APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE.

 

(J)                                     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
DELIVERED PERSONALLY TO THE RECIPIENT, SENT TO THE RECIPIENT BY REPUTABLE
OVERNIGHT COURIER SERVICE (CHARGES PREPAID) OR MAILED TO THE RECIPIENT BY
CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED AND POSTAGE PREPAID. 
SUCH NOTICES, DEMANDS AND OTHER COMMUNICATIONS SHALL BE SENT TO THE COMPANY,
MDCP AND EACH OTHER INVESTOR AT THE ADDRESS INDICATED ON THE SIGNATURE PAGES
HERETO OR TO SUCH OTHER ADDRESS OR TO THE ATTENTION OF SUCH OTHER PERSON AS THE
RECIPIENT PARTY HAS SPECIFIED BY PRIOR WRITTEN NOTICE TO THE SENDING PARTY.

 

*     *     *     *    *

 

10

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IN WITNESS WHEREOF, the parties have executed this Registration Rights Agreement
as of the date first written above.

 

 

GLDD ACQUISITIONS CORP.

 

 

 

By:

/s/ Douglas B. Mackie

 

 

 

 

Its:

President and Chief Executive Officer

 

 

 

 

Address:

 

c/o Madison Dearborn Partners, LLC
Three First National Plaza
70 W. Madison, Suite 3800
Chicago, IL 60602

 

Attention:

Samuel M. Mencoff
Thomas S. Souleles

 

 

 

--------------------------------------------------------------------------------

 

 

 

 

 

OTHER INVESTORS:

 

 

 

MADISON DEARBORN CAPITAL PARTNERS
IV, L.P.

 

 

 

By:

Madison Dearborn Partners IV, L.P.

 

 

Its:

General Partner

 

 

 

 

By:

Madison Dearborn Partners, L.L.C.

 

 

Its:

General Partner

 

 

 

 

By:

 

/s/ Thomas S. Souleles

 

 

 

Name:

Thomas S. Souleles

 

 

 

Title:

Member

 

 

 

 

Address:

 

c/o Madison Dearborn Partners, LLC
Three First National Plaza
70 W. Madison, Suite 3800
Chicago, IL 60602

 

Attention:

Samuel M. Mencoff
Thomas S. Souleles

 

 

 

 

 

SPECIAL CO-INVEST I

 

 

 

By:

/s/ Thomas S. Souleles

 

 

 

 

Its:

Member

 

 

 

 

Address:

 

c/o Madison Dearborn Partners, LLC
Three First National Plaza
70 W. Madison, Suite 3800
Chicago, IL 60602

 

Attention:

Samuel M. Mencoff
Thomas S. Souleles

 

--------------------------------------------------------------------------------

 

 

NORTHWESTERN UNIVERSITY

 

 

 

By:

/s/ William H. McLean

 

 

 

 

Its:

Vice President and Chief Investment Officer

 

 

 

 

Address:

 

c/o Investment Department
633 Clark Street
Suite 1-209
Evanston, IL 60208

 

Attention:

Du Chai

 

 

 

 

 

RANDOLPH STREET PARTNERS VI

 

 

 

By:

/s/ William S. Kirsch, P.C.

 

 

 

 

Its:

Partner

 

 

 

 

Address:

 

c/o Jack S. Levin
200 East Randolph Drive
Suite 5700
Chicago, IL 60601

 

--------------------------------------------------------------------------------

 

 

/s/ Steven R. Auernhamer

 

 

Steven R. Auernhamer

 

--------------------------------------------------------------------------------

 

 

/s/ Steven W. Becker

 

 

Steven W. Becker

 

--------------------------------------------------------------------------------

 

 

/s/ Leslie A. Braun

 

 

Leslie A. Braun

 

--------------------------------------------------------------------------------

 

 

/s/ David C. Cizek

 

 

David C. Cizek

 

--------------------------------------------------------------------------------

 

 

/s/ Arthur S. Fletcher

 

 

Arthur S. Fletcher

 

--------------------------------------------------------------------------------

 

 

/s/ James C. Gillespie

 

 

James C. Gillespie

 

--------------------------------------------------------------------------------

 

 

/s/ William E. Hannum

 

 

William E. Hannum

 

--------------------------------------------------------------------------------

 

 

/s/ Bradley T. J. Hansen

 

 

Bradley T. J. Hansen

 

--------------------------------------------------------------------------------

 

 

/s/ William H. Hanson

 

 

William H. Hanson

 

--------------------------------------------------------------------------------

 

 

/s/ Patrick C. Hughes

 

 

Patrick C. Hughes

 

--------------------------------------------------------------------------------

 

 

/s/ Kyle D. Johnson

 

 

Kyle D. Johnson

 

--------------------------------------------------------------------------------

 

 

/s/ John F. Karas

 

 

John F. Karas

 

--------------------------------------------------------------------------------

 

 

/s/ Donald J. Luce

 

 

Donald J. Luce

 

--------------------------------------------------------------------------------

 

 

/s/ Richard M. Lowry

 

 

Richard M. Lowry

 

--------------------------------------------------------------------------------

 

 

/s/ Michael J. Lueders

 

 

Michael J. Lueders

 

--------------------------------------------------------------------------------

 

 

Christopher T. Mackie 1998 Trust

 

 

 

By:

/s/ W. L. Coleman

 

 

Its:

Trustee

 

 

--------------------------------------------------------------------------------

 

 

/s/ Douglas B. Mackie

 

 

Douglas B. Mackie

 

--------------------------------------------------------------------------------

 

 

Kathleen J. Mackie 1998 Trust

 

 

 

By:

/s/ W. L. Coleman

 

 

Its:

Trustee

 

 

--------------------------------------------------------------------------------

 

 

Madeline C. Mackie 1998 Trust

 

 

 

By:

/s/ W. L. Coleman

 

 

Its:

Trustee

 

 

--------------------------------------------------------------------------------

 

 

Natalie A. Mackie 1998 Trust

 

 

 

By:

/s/ W. L. Coleman

 

 

Its:

Trustee

 

 

--------------------------------------------------------------------------------

 

 

Philip D. Mackie 1998 Trust

 

 

 

By:

/s/ W. L. Coleman

 

 

Its:

Trustee

 

 

--------------------------------------------------------------------------------

 

 

/s/ John R. Maszezyk

 

 

John R. Maszezyk

 

--------------------------------------------------------------------------------

 

 

/s/ Sam R. Morrison

 

 

Sam R. Morrison

 

--------------------------------------------------------------------------------

 

 

/s/ William A. Murchison

 

 

William A. Murchison

 

--------------------------------------------------------------------------------

 

 

/s/ John T. O’Brien

 

 

John T. O’Brien

 

--------------------------------------------------------------------------------

 

 

/s/ Steven F. O’Hara

 

 

Steven F. O’Hara

 

--------------------------------------------------------------------------------

 

 

/s/ William F. Pagendarm

 

 

William F. Pagendarm

 

--------------------------------------------------------------------------------

 

 

/s/ Robert C. Ramsdell

 

 

Robert C. Ramsdell

 

--------------------------------------------------------------------------------

 

 

/s/ T. Christopher Roberts

 

 

T. Christopher Roberts

 

--------------------------------------------------------------------------------

 

 

/s/ Michael R. Sayer

 

 

Michael R. Sayer

 

--------------------------------------------------------------------------------

 

 

/s/ David E. Simonelli

 

 

David E. Simonelli

 

--------------------------------------------------------------------------------

 

 

/s/ George T. Strawn

 

 

George T. Strawn

 

--------------------------------------------------------------------------------

 

 

/s/ Mark R. Thomas

 

 

Mark R. Thomas

 

--------------------------------------------------------------------------------

 

 

/s/ Russell F. Zimmerman

 

 

Russell F. Zimmerman

 

--------------------------------------------------------------------------------

 

 

/s/ James G. McNally

 

 

James G. McNally

 

--------------------------------------------------------------------------------

 

 

/s/ Deborah A. Wensel

 

 

Deborah A. Wensel

 

--------------------------------------------------------------------------------

 

 

Deborah A. Wensel Trust June 4, 1999

 

 

 

By:

Deborah A. Wensel

 

 

Its:

Trustee

 

 

--------------------------------------------------------------------------------

 

 

/s/ Seann M. Perez

 

 

Seann M. Perez

 

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