Amended and Restated Registration Rights Agreement



 Exhibit 4.16 
 GCL SILICON TECHNOLOGY HOLDINGS INC. 
 AMENDED AND RESTATED 
 REGISTRATION RIGHTS AGREEMENT 
 June 5, 2008 









 THIS AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made as of
June 5, 2008, by and among (i) GCL Silicon Technology Holdings Inc., an exempted company incorporated and validly existing with limited liability under the laws of the Cayman Islands (the “Company”),
(ii) Deutsche Bank AG (“Deutsche Bank”), Credit Suisse International (“Credit Suisse”), Asia Debt Management Hong Kong Limited for and on behalf of ADM Galleus Fund Limited
(“ABM”) and RCG Asia Opportunity Fund, Ltd (“Ramius”), and (iii) any other Persons who shall later become signatories to this Agreement (the “Subsequent Shareholders”) (each a
“Party” and together, the “Parties”). 
 RECITALS 
 A. Happy Genius Holdings Limited (“Happy Genius”) and the Initial EB Purchasers have entered into a subscription agreement (the
“Original EB Subscription Agreement”), dated April 13, 2008, providing for the issuance by Happy Genius, and the purchase by the Initial EB Purchasers, of U.S.$175,000,000 Class A Floating Rate Secured Exchangeable
Bonds due 2010 (the “Original Class A Bonds”), U.S.$87,500,000 Class B Floating Rate Secured Exchangeable Bonds due 2010 (the “Original Class B Bonds”) and U.S.$87,500,000 Class C Floating Rate Secured
Exchangeable Bonds due 2010 (the “Original Class C Bonds”, and together with the Original Class A Bonds and the Original Class B Bonds, the “Original Exchangeable Bonds”) exchangeable into Ordinary
Shares of the Company; 
 B. Happy Genius and the Subsequent EB Purchasers have entered into an additional subscription agreement (the
“Subsequent EB Subscription Agreement” and together with the Original EB Subscription Agreement, the “EB Subscription Agreements”), dated on or about the date of this Agreement, providing for the further
issuance by Happy Genius, and the purchase by the Subsequent EB Purchasers, of U.S.$100,000,000 Class A Floating Rate Secured Exchangeable Bonds due 2010 (the “Additional Class A Bonds”), U.S.$50,000,000 Class B Floating
Rate Secured Exchangeable Bonds due 2010 (the “Additional Class B Bonds”) and U.S.$50,000,000 Class C Floating Rate Secured Exchangeable Bonds due 2010 (the “Additional Class C Bonds”, and together with the
Additional Class A Bonds and the Additional Class B Bonds, the “Additional Exchangeable Bonds” and together with the Original Exchangeable Bonds, the “Exchangeable Bonds”) exchangeable into Ordinary Shares of
the Company; 
 C. In order to induce the Initial EB Purchasers to purchase the Original Exchangeable Bonds, the Company and the Initial EB
Purchasers entered into the Original Registration Rights Agreement to set forth certain terms and conditions concerning the registration rights of the Initial EB Purchasers and any subsequent holders of the Original Exchangeable Bonds, as more
precisely described therein; 
 D. In order to induce Deutsche Bank and the other Subsequent EB Purchasers to purchase the Additional
Exchangeable Bonds and to ensure that the registration rights of the Initial EB Purchasers and the Subsequent EB Purchasers in relation to the Exchangeable Bonds, and of Deutsche Bank in relation to the DB Fee Shares, are the same, the Parties have
agreed to enter into this Agreement to set forth certain terms and conditions concerning the registration rights of the Initial EB Purchasers, the Subsequent EB Purchasers and any subsequent holders of the Exchangeable Bonds in relation to the
Exchangeable Bonds, and of Deutsche Bank in relation to the DB Fee Shares, as more precisely described herein; and 









 E. It is a condition to the closing of the transactions contemplated under the Subsequent EB Subscription
Agreement that the Parties shall have executed this Agreement. 
 NOW THEREFORE, in consideration of the foregoing and the mutual promises,
covenants and agreements of the Parties contained herein, the Parties agree as follows: 
 1. Certain Definitions. As used in this
Agreement, the following terms have the following respective meanings: 
 “Affiliate” means, with respect to
any Person, any other Person who, directly or indirectly, controls, is controlled by, or is under common control with such Person and “Affiliates” shall have correlative meaning. For the purpose of this definition, the term
“control” (including with correlative meanings, the terms “controlling”, “controlled by” and “under common control with”), as used with respect to any Person, shall mean the possession,
directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or by contract or otherwise. 
 “Agreement” has the meaning set forth in the preamble to this Agreement. 
 “Blue Sky” means the statutes of any state regulating the sale of corporate securities within that state. 
 “Board” means the board of directors of the Company. 
 “Business Day” means any day that is not a Saturday, a Sunday or other day on which, banks are required or authorized to
be closed in the Hong Kong Special Administrative Region. 
 “Class A First Exchange Date” has
the meaning set forth in the EB Trust Deed. 
 “Company” has the meaning set forth in the preamble to this
Agreement.  
 “Complying IPO” has the meaning set forth in the EB Trust Deed. 
 “Damages” has the meaning set forth in Section 7.1 of this Agreement. 
 “DB Fee Shares” means the Ordinary Shares held by Deutsche Bank and which have been delivered to Deutsche Bank
from Happy Genius on account of certain fees payable by Happy Genius to Deutsche Bank in connection with the Exchangeable Bonds and the DB Bridge Loan. 
 “DB Bridge Loan” means the US$50,000,000 bridge loan provided to Happy Genius by Deutsche Bank pursuant to a Bridge Loan Agreement dated February 1, 2008 and which was repaid with part of the
proceeds of the Original Exchangeable Bonds. 
  

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 “EB Bondholders” has the meaning given to the term
“Bondholders” in the EB Trust Deed. 
 “EB Purchasers” means the Initial EB Purchasers and the
Subsequent EB Purchasers. 
 “EB Share Collateral” has, with effect from the date on which the Security Agent
delivers the Enforcement Notice (as defined in Section 2.3) to Happy Genius and the Company, the meaning given to the term “Shares” in the share mortgage over the Company’s shares, dated May 5, 2008, granted by Happy Genius
to the Security Agent as security for Happy Genius’ obligations under the Exchangeable Bonds (the “Share Mortgage”). 
 “EB Subscription Agreements” has the meaning set forth in the preamble to this Agreement. 
 “EB Trust Deed” has the meaning given to the term Trust Deed in clause 2.2 of the Subsequent EB Subscription Agreement (as defined in the preamble to this Agreement). 
 “Effective Failure” means the occurrence of any of the following events: (i) any Registration Statement ceases to be
effective, (ii) a Suspension Event or (iii) any event whereby the Holders are otherwise prevented or restricted by the Company from effecting sales pursuant to a Registration Statement. 
 “Effectiveness Date” means: 
  

	 	(a)	(in the case of an Exchange Resale Registration Statement) the Class A First Exchange Date; and 

  

	 	(b)	(in the case of an Enforcement Resale Registration Statement) any day less than ninety (90) days after the Receipt Date (as that term is defined in Section. 2.3).


 “Enforcement Resale Registration Statement” has the meaning set forth in Section 2.3.

 “Exchange Act” means the United States Securities Exchange Act of 1934, as amended. 
 “Exchange Resale Registration Statement” has the meaning set forth in Section 2.1. 
 “Exchangeable Bonds” has the meaning set forth in the preamble to this Agreement. 
 “Exchange Shares” means the Ordinary Shares held by Happy Genius in the Company deliverable to the EB Bondholders upon an
exchange of the Exchangeable Bonds by the EB Bondholders in accordance with the terms of the EB Trust Deed and shall include such Ordinary Shares held by the EB Bondholders with registration rights pursuant to this Agreement. 
  

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 “Form F-1” means such form under the Securities Act as in effect on the
date hereof or any successor registration form under the Securities Act subsequently adopted by the SEC. 
 “Form
F-3” means such form under the Securities Act as in effect on the date hereof or any registration form under the Securities Act subsequently adopted by the SEC, which permits incorporation of substantial information by reference to other
documents filed by the Company with the SEC. 
 “Free Writing Prospectus” means a free writing prospectus, as
defined in Rule 405. 
 “Governmental or Regulatory Authority” means any applicable state, federal
provincial, county and local court, tribunal, arbitrator, authority, agency, commission, official or other instrumentality of any jurisdiction in which a Person conducts business or operations, 
 “Holder” means any holder of Registrable Securities (including, to the extent that they hold Registrable Securities, the
EB Purchasers and any Permitted Transferees) entitled to the rights and bound by the obligations under this Agreement. 
 “Initial EB Purchaser” means each of Deutsche Bank, Credit Suisse and ADM. 
 “Initial
Public Offering” means the first Public Offering of equity securities of a Person upon the consummation of which such securities are listed on an internationally recognized securities exchange. 
 “Issuer Free Writing Prospectus” means an issuer free writing prospectus, as defined in Rule 433. 
 “NASD” shall mean the National Association of Securities Dealers, Inc. 
 “Ordinary Shares” means the ordinary shares of the Company. 
 “Original Registration Rights Agreement” means the Registration Rights Agreement dated May 5, 2008 between the
Company and the Initial EB Purchasers. 
 “Outstanding Principal Amount” means: (1) for the purposes of
calculating Liquidated Damages arising from an Exchange Registration Default or an Effectiveness Default, the total outstanding principal amount of Exchangeable Bonds which are exercisable into Exchange Shares that are Registrable Securities on any
Business Day; and (2) for the purposes of calculating Liquidated Damages arising from an Enforcement Registration Default, the total outstanding principal amount of Exchangeable Bonds on any Business Day and, in each case of (1) and (2),
which includes the principal amount represented by Exchangeable Bonds which have already been exercised into Exchange Shares that are Registrable Securities that have not been disposed pursuant to the relevant Registration Statement. 
  

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 “Permitted Transferee” means any Person entitled to receive Exchangeable
Bonds and/or Exchange Shares in accordance with the terms and conditions of the Exchangeable Bonds. 
 “Person”
means any natural person, corporation, limited liability company, general partnership, limited partnership, proprietorship, other business organization, trust, union, association or Governmental or Regulatory Authority. 
 “Prospectus” shall mean the prospectus included in a Registration Statement, including any preliminary Prospectus, any
Free Writing Prospectus, and any such Prospectus as amended or supplemented by any prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities and by all other amendments and supplements to such
Prospectus, including post-effective amendments, and in each case including all material incorporated by reference therein. 
 “Public Offering” means, in the case of an offering in the United States, an underwritten public offering of equity securities of a Person pursuant to an effective registration statement under the Securities Act, and, in
the case of an offering in any other jurisdiction, a widely distributed underwritten offering of equity securities of a Person in which both retail and institutional investors are eligible to buy in accordance with the securities laws of such
jurisdiction. 
 “Receipt Date” has the meaning set forth in Section 2.3. 
 “Registrable Securities” means (i) the Exchange Shares, (ii) the EB Share Collateral; (iii) the DB Fee
Shares or (iv) securities issued in respect of the securities referred to in (i), (ii) or (iii) above as a result of a stock split, stock dividend, recapitalization, reorganization or combination. Notwithstanding the foregoing,
Registrable Securities shall not include otherwise Registrable Securities (x) sold by a person in a transaction in which his rights under this Agreement are not properly assigned; (y) (A) sold pursuant to an effective
registration statement under the Securities Act covering such securities in a public distribution or a public securities transaction, or (B) sold in a transaction exempt from the registration and prospectus delivery requirements of the
Securities Act under Section 4(1) thereof so that all transfer restrictions, and restrictive legends with respect thereto, if any, are removed upon the consummation of such sale or (C) which may be freely sold without any restrictions or
manner of sale or reporting requirements by the Holder under Rule 144 under the Securities Act where the Company has delivered to the Holder an opinion of the Company’s counsel, a nationally reputable United States law firm that practices
United States securities law, confirming the same. 
 “Registration” means a registration effected by
preparing and filing a Registration Statement (including, without limitation, the execution of an undertaking to file post-effective amendments and any other governmental requirements) and the declaration or ordering of the effectiveness of that
Registration Statement, and the terms “Register” and “Registered” have meanings correlative with the foregoing. 
  

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 “Registration Expenses” means all expenses, other than Selling Expenses,
incurred in complying with Section 2 of this Agreement, including, without limitation, all Registration, qualification, and filing fees, printing expenses, fees and disbursements of counsels for the Company, reasonable fees and disbursements of
one special counsel for all Holders (if different from counsels to the Company), Blue Sky fees and expenses, and the expense of any special audits incident to or required by any Registration. 
 “Registration Statement” means a registration statement prepared on Forms F-1, F-3, S-1 or S-3, under the Securities Act,
or on any comparable form in connection with registration in a jurisdiction other than the United States and shall include a Shelf Registration, Statement. 
 “SEC” means the United States Securities and Exchange Commission.  
 “Securities Act” means the United States Securities Act of 1933, as amended. 
 “Security
Agent” means DB Trustees (Hong Kong) Limited in its capacity as Security Agent under the EB Trust Deed. 
 “Selling Expenses” means all underwriting discounts and selling commissions applicable to the sale of Registrable Securities pursuant to this Agreement. 
 “Shelf Registration Statement” means an Exchange Resale Registration Statement or an Enforcement Resale Registration
Statement. 
 “Subsequent EB Purchaser” means each of Deutsche Bank, ADM and Ramius. 
 “Suspension Event” is defined in Section 2.5(a). 
 Capitalized terms used but not defined herein shall have the meanings ascribed to them in the EB Subscription Agreements and words
importing the singular include the plural and vice versa. 
 2. Registration. 
 2.1. Exchange Shares. The Company shall use its commercially reasonable efforts to file with the SEC within sixty (60) days
after the Complying IPO and cause to become effective on or before the Class A First Exchange Date a resale shelf Registration Statement for a public offering on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of all
of the Registrable Securities (“Exchange Resale Registration Statement”). 
  

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 2.2. Notice of Registration Status. Not more than fifteen (15) days, and not
less than ten (10) days, prior to the Class A First Exchange Date, the Company must deliver to the Trustee (for distribution to each Holder) a notice in writing confirming whether or not the Exchange Resale Registration Statement has been
declared effective by the SEC and, if not, the steps taken by the Company in connection with the filing and progression of the Exchange Resale Registration Statement, the status of the filing, the extent of comments and responses in connection with
such registration and the Company’s estimate of the date by which the Exchange Resale Registration Statement will be declared effective. 
 2.3. EB Share Collateral. In the event that the Share Mortgage becomes enforceable in accordance with its terms and the EB Bondholders elect to enforce the Share Mortgage in accordance with the terms and
conditions of the EB Trust Deed, the Security Agent shall notify Happy Genius and the Company in writing of its intention to enforce the Share Mortgage (the “Enforcement Notice”). Upon receipt of the Enforcement Notice by the
Company (“Receipt Date”) and provided that the EB Share Collateral constitutes Registrable Securities, the Company shall use its commercially reasonable efforts to promptly file a shelf Registration Statement for a public offering
on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of all of the EB Share Collateral that constitute Registrable Securities (“Enforcement Resale Registration Statement”) and shall notify the Security
Agent immediately upon the Enforcement Resale Registration Statement being declared effective (to the extent that it does) (“Registration Notice”). 
 2.4. Effectiveness. The Company shall use its commercially reasonable endeavours to cause the Exchange Resale Registration
Statement and/or the Enforcement Resale Registration Statement to be declared effective under the Securities Act on or prior to the applicable Effectiveness Date and shall keep such registration statements continuously effective under the Securities
Act until there are no longer any Registrable Securities saleable thereunder. To the extent permitted by applicable law and interpretations of the staff of the SEC, the Exchange Resale Registration Statement and/or the Enforcement Resale
Registration Statement may be terminated with respect to the Registrable Securities on the date that there are no longer any Registrable Securities saleable thereunder. 
 2.5. Suspension Period. 
  

	 	(a)	The Company may suspend the use of a prospectus for a period not to exceed 30 days in any 90-day period or an aggregate of 90 days in any 12-month period if the Board of Directors
of the Company shall have determined in good faith that because of valid business reasons (not including avoidance of the Company’s obligations hereunder), including the acquisition or divestiture of assets, pending corporate developments and
similar events, it is in the best interests of the Company to suspend such use (a “Suspension Event”), and prior to suspending such use the Company provides the Holders with written notice of such suspension.


  

	 	(b)	Notwithstanding any provision herein to the contrary, each Registration Statement shall be maintained effective pursuant to this Agreement until there are no longer any Registrable
Securities thereunder. 

  

	 	(c)	The occurrence of a Suspension Event shall not prevent Liquidated Damages that are otherwise payable pursuant to Section 3 from being payable to Holders.


 2.6. Registration of Other Securities. No Registration Statement filed in accordance with
Section 2 may include any securities of the Company other than Registrable Securities. 
  

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 2.7. Underwriting. If any Holder proposes to conduct an Underwritten Offering
under a Shelf Registration Statement, such Holder shall advise the Company and all other Holders whose securities are included in the applicable Registration Statement (if applicable) of the managing underwriters for such proposed Public Offering;
such managing underwriters to be subject to the approval of the Company, not to be unreasonably withheld. In such event, the Company shall enter into an underwriting agreement in customary form with the managing underwriters, which shall include,
among other provisions, indemnities to the effect and to the extent provided in Section 7, and shall take all such other reasonable actions as are requested by the managing underwriter in order to expedite or facilitate the registration and
disposition of the Registrable Securities included in such Public Offering; provided, however, that the Company shall be required to cause appropriate officers of the Company or its Affiliates to participate in a “road show” or similar
marketing effort being conducted by such underwriter with respect to such Public Offering only if the Holders reasonably anticipate gross proceeds from such Public Offering of at least US$50 million. All Holders proposing to distribute their
Registrable Securities through such Public Offering shall enter into an underwriting agreement in customary form with the managing underwriters selected for such underwriting and furnish to the Company such information in writing as the Company may
reasonably request for inclusion in the Registration Statement; provided, however, that no Holder shall be required to make any representations or warranties to or agreements with the Company or the underwriters other than representations,
warranties or agreements as are customary and reasonably requested by the underwriters. Notwithstanding any other provision of this Agreement, with respect to a Public Offering in connection with a Registration Statement, if the managing
underwriters determine in good faith that marketing factors require a limitation on the number of Ordinary Shares to be included in such Public Offering, then the managing underwriters may exclude Registrable Securities from the Public Offering, and
any Registrable Securities included in the Underwritten Offering shall be allocated to each of the Holders requesting inclusion of their Registrable Securities in such Public Offering on a pro rata basis based on the total number of such Registrable
Securities requested to be included. 
 2.8. Withdrawal from Underwriting. If any Holder of Registrable Securities
disapproves of the terms of the Public Offering, such Holder may elect to withdraw therefrom by written notice to the Company, the managing underwriters and the balance of the Holders proposing to distribute their securities through the Public
Offering, prior to the signing of the applicable underwriting agreement. If, by the withdrawal of such Registrable Securities, a greater number of Registrable Securities held by other Holders may be included in such registration (up to the limit
imposed by the managing underwriters) the Company shall offer to all Holders who have Registrable Securities included in the registration the right to include additional Registrable Securities in the same proportion used in determining the
limitation as set forth above. 
 2.9. Other Securities Laws. In connection with a Registration pursuant to this
Section 2, the Company shall exercise its commercially reasonable efforts to Register and qualify the securities covered by the Registration Statement under the securities laws of any other jurisdictions as shall be reasonably appropriate for
the distribution of the securities, except for any particular state or jurisdiction in which the Company would be required to execute a general consent to service of process in effecting such Registration, qualification, or compliance. 

 

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 3. Liquidated Damages 
 3.1. The Company and the EB Purchasers agree that the Holders will suffer damages if the Company fails for any reason to have an effective
Exchange Resale Registration Statement and/or an effective Enforcement Resale Registration Statement at the commencement of the required time under Section 2 or if sales under any such registration statement should be suspended at any time
pursuant to Section 2.5, and that it would not be feasible to ascertain the extent of the damages in either case with precision. Accordingly, the Company agrees to pay on demand by the Holders (other than holders of the DB Fee Shares)
liquidated damages in accordance with Section 3.2 (“Liquidated Damages”) and Section 3.3 in each of the following circumstances: 
  

	 	(a)	during any time after the Class A First Exchange Date that the Exchange Resale Registration Statement is not effective and available for resales of Registrable Securities
(other than due to an Effective Failure) (an “Exchange Registration Default”); 

  

	 	(b)	during any time after more than ninety (90) days after the Receipt Date that the Enforcement Resale Registration Statement is not effective and available for resales of
Registrable Securities (other than due to an Effective Failure) (an “Enforcement Registration Default”); and 

  

	 	(c)	during any time after an Effective Failure (an “Effectiveness Default”). 

 3.2.(a) Subject to Section 3.2(c), Liquidated Damages shall be payable on the Outstanding Principal Amount at a rate of
0.25% per annum calculated daily for each day of an Exchange Registration Default or an Enforcement Registration Default. 
  

	 	(b)	Liquidated Damages shall be payable on the Outstanding Principal Amount at a rate of 0.50% per annum calculated daily for each day of an Effectiveness Default until such time
as the Holders of Registrable Securities are again able to make sales under such Registration Statement; provided, however, that if an Effectiveness Default resulted from the occurrence of a Suspension Event, Liquidated Damages shall be payable only
if such Effectiveness Default has existed for more than 10 days, whether or not consecutive, in any 90-day period. 

  

	 	 (c)
	 In the event Liquidated Damages are payable for more than 30 consecutive days under Section 3.2(a), then the
Liquidated Damages shall be payable in respect of the Outstanding Principal Amount after such 30 days at a rate of 0.50% per annum calculated daily for each day after the 30th day. 


 Liquidated Damages shall be calculated on the basis of a 360 day year and the
actual number of days elapsed, and shall be payable by the Company to the Holders (other than holders of the DB Fee Shares), in the manner such Holders notify the Company, on each Interest Payment Date (as defined in the EB Trust Deed). 

3.3. Notwithstanding any Section to the contrary, Liquidated Damages may not accrue in respect of the Registrable Securities under more
than one of paragraphs (a) and (b) of Section 3.1 at the same time. 
  

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 4. Expenses of Registration. All Registration Expenses incurred in connection with each of
the Registrations pursuant to Sections 2.1 and 2.3 shall be borne by the Company. All Selling Expenses shall be borne by the holders of the Registrable Securities Registered pro rata on the basis of the number of Ordinary Shares so
registered. 
 5. Assignability of Registration Rights; Termination of Registration Rights; Transfer 
 5.1. Assignability of Registration Rights. The Parties to this Agreement intend that all Holders of Registrable Securities from
time to time shall be entitled to receive the benefits of, and be bound by, this Agreement. All the terms and provisions of this Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by the respective successors and
assigns of the parties hereto and any Holder from time to time of the Registrable Securities to the aforesaid extent. In the event that any transferee of any Holder of Registrable Securities shall acquire Registrable Securities, in any manner,
whether by gift, bequest, purchase, operation of law or otherwise, such transferee shall, without any further writing or action of any kind, be entitled to receive the benefits of, and be deemed to have agreed to be bound by and to perform all of
the terms and provisions of, this Agreement to the aforesaid extent. No other party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the written consent of the Company and the Holders.

 6. Registration Procedures and Obligations. (a) Whenever required under this Agreement to effect the Registration of any
Registrable Securities, the Company shall, subject to clause 2.5, as expeditiously as reasonably possible: 
  

	 	(i)	prepare and file a Registration Statement with the SEC which shall be on Form F-1 or Form F-3 (or any successors to such forms), if available; 

  

	 	(ii)	promptly take such action as may be necessary so that (A) each of the Shelf Registration Statement and any amendment thereto and the prospectus forming a part thereof and any
amendment or supplement thereto (and each report or other document incorporated therein by reference in each case) complies in all material respects with the Securities Act and the Exchange Act and the respective rules and regulations thereunder,
(B) each of the Shelf Registration Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the
statements therein not misleading and (C) each of the prospectus forming a part of the Shelf Registration Statement, and any amendment or supplement to such prospectus, does not at any time during which such Shelf Registration Statement is
effective include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; 

  

	 	(iii)	use its commercially reasonable efforts to prevent the issuance, and if issued to obtain the withdrawal at the earliest possible time, of any order suspending the effectiveness of
the Shelf Registration Statement; 

  

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	 	(iv)	promptly prepare and file with the SEC such amendments, supplements and post-effective amendments to each Shelf Registration Statement and the prospectus used in connection
therewith, as may be necessary to comply with the provisions of the Securities Act and to keep such Registration Statement effective for the applicable period; cause each prospectus included in such Shelf Registration Statement to be supplemented by
any required prospectus supplement upon the request of any Holder in order to permit such Holder to dispose of Registrable Securities in accordance with the intended method or methods of distribution set forth in such Shelf Registration Statement,
and cause such prospectus supplement to be filed pursuant to Rule 424 under the Securities Act; 

  

	 	(v)	furnish to each Holder for which the Registrable Securities are being registered and to each underwriter of a Public Offering of the Registrable Securities, if any, without charge,
as many copies of each Prospectus, including, without limitation, each preliminary Prospectus, each Free Writing Prospectus and any amendment or supplement thereto and such other documents as such Holder or underwriter may reasonably request in
order to facilitate the public sale or other disposition of the Registrable Securities; 

  

	 	(vi)	use its commercially reasonable efforts to (A) register or qualify the Registrable Securities for offer and sale, under all applicable state securities or Blue Sky laws of such
jurisdictions as each underwriter, if any, or any Holder having Registrable Securities covered by a Registration Statement, shall reasonably request, (B) keep such registrations or qualifications in effect and comply with such laws so as to
permit the continuance of offers and sales in such jurisdictions for so long as may be necessary to enable any Holder or underwriter, if any, to complete its distribution of Registrable Securities pursuant to such Registration Statement, and
(C) take any and all other actions necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities; provided, however, that in no event shall the Company be obligated to (1) qualify as a foreign
corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to so qualify but for this Section 6(vi) or (2) file any general consent to service of process in any jurisdiction where it is not as of
the date hereof so subject; 

  

	 	(vii)	 notify each Holder for which the Registrable Securities are being registered promptly, and, if requested by such Holder, confirm such advice in writing,
(A) when a Registration Statement has become effective and when any post-effective amendments and supplements thereto become effective, (B) of the issuance by the SEC or any state securities authority of any stop order, injunction or other
order or requirement suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, (C) if, between the effective date of a Registration Statement and the closing of any sale of securities
covered thereby pursuant to any agreement to which the Company is a party, (1) the representations and warranties of the Company contained in such agreement cease to be true and correct in all material respects or (2) if the Company
receives any notification with respect to the suspension of the qualification of the 



  

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Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose, and (D) of the happening of any event during
the period a Registration Statement is effective as a result of which such Registration Statement or the related Prospectus contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or
necessary to make the statements therein not misleading; 


  

	 	(viii)	furnish counsels for each such underwriter, if any, and for the Holders for which the Registrable Securities are being registered, copies of any request by the SEC or any state
securities authority for amendments or supplements to a Registration Statement and Prospectus or for additional information; 

  

	 	(ix)	use its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement, or the lifting of any suspension of the
qualification of any Registrable Securities for sale in any jurisdiction, at the earliest possible time; 

  

	 	(x)	upon request, furnish to the underwriters of a Public Offering of the Registrable Securities, if any, without charge, at least one signed copy of each Registration Statement and any
post-effective amendment thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits; and furnish to each Holder for which the Registrable Securities are being registered, without charge,
at least one conformed copy of each Registration Statement and any post-effective amendment thereto (without documents incorporated therein by reference or exhibits thereto, unless requested); 

  

	 	(xi)	cooperate with the selling Holders of the Registrable Securities and the underwriters of a Public Offering of the Registrable Securities, if any, to facilitate the timely
preparation and delivery of certificates representing the Registrable Securities to be sold and not bearing any restrictive legends; and enable such Registrable Securities to be in such denominations (consistent with the provisions of the governing
documents thereof) and registered in such. names as the selling Holders or the underwriters of a Public Offering of the Registrable Securities, if any, may reasonably request at least three (3) days prior to any sale of the Registrable
Securities; 

  

	 	(xii)	upon the occurrence of any event contemplated by paragraph (vii)(D) of this Section, use commercially reasonable efforts to prepare a supplement or post-effective amendment to a
Registration Statement or the related Prospectus, or any document incorporated therein by reference, or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Securities, such Prospectus will not
contain any 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 the light of the circumstances under which they were made, not misleading;


  

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	 	(xiii)	enter into customary agreements (including, in the case of a Public Offering, underwriting agreements in customary form, and including provisions with respect to indemnification and
contribution in customary form and consistent with the provisions relating to indemnification and contribution contained herein) and deliver or cause to be delivered customary documents and certificates reasonably requested by the underwriters, of
any including but not limited to opinions of counsels to the Company, “comfort” letters from the Company’s independent certified public accountants and other such customary documents and certificates as may be reasonably requested by
the majority Holders of the Registrable Securities being sold or by the underwriters and take all other customary and appropriate actions in order to expedite or facilitate the disposition of such Registrable Securities. 

 The above shall be done, as applicable, (A) at the effectiveness of such Registration Statement (and each post-effective amendment thereto) in
connection with any registration, and (B) at each closing under any underwriting or similar agreement as and to the extent required thereunder; 
  

	 	(xiv)	make available for inspection by representatives of the selling Holders of the Registrable Securities and any underwriters participating in any disposition pursuant to a
Registration Statement and any counsel or accountant retained by such Holders or underwriters, all financial and other records, pertinent corporate documents and properties of the Company and cause the respective officers, directors and employees of
the Company to supply all information reasonably requested by any such representative, underwriter, counsel or accountant in connection with a Registration Statement; 

  

	 	(xv)	within a reasonable time prior to the filing of any Registration Statement, any Prospectus, any amendment to a Registration Statement or amendment or supplement to a Prospectus,
provide copies of such document to the selling Holders of the Registrable Securities and to counsel to such Holders and to the underwriter or underwriters of a Public Offering of the Registrable Securities, if any; fairly consider such reasonable
changes in any such document prior to or after the filing thereof as the counsel to the Holders or the underwriter or the underwriters may request, and not file any such document in a form to which the majority Holders of the Registrable Securities
being registered or any underwriter shall object in good faith for reasons relating to the disclosure in such Registration Statement, Prospectus or amendment or supplement thereof; and make such of the representatives of the Company as shall be
reasonably requested by the Holders for which the Registrable Securities are being registered or any underwriter available for discussion of such document; and 

  

	 	(xvi)	 within a reasonable time prior to the filing of any document which is to be incorporated by reference into a Registration Statement or a Prospectus, provide copies
of such document to counsel for the selling Holders; fairly consider such reasonable changes in such document prior to or after the filing thereof as counsel for such Holders or such underwriter shall request, and not file any such document in a
form to which the majority Holders of the Registrable Securities being 



  

 13 









	 	 
registered or any underwriter shall object in good faith for reasons relating to the disclosure in such Registration Statement, Prospectus or amendment or
supplement thereof; and make such of the representatives of the Company as shall be reasonably requested by such counsel available for discussion of such document; 


  

	 	(xvii)	cause all Registrable Securities which are Ordinary Shares covered by such Registrations to be qualified for inclusion in or listed on NASDAQ, The New York Stock Exchange or any
securities exchange on which securities of the same class issued by the Company are then so qualified or listed if so requested by the majority Holders of the Registrable Securities covered by a Registration Statement, or if so requested by the
underwriter or underwriters of a Public Offering of the Registrable Securities, if any; 

  

	 	(xviii)	otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of the SEC, including making available to its security holders an earnings
statement covering at least 12 months which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; 

  

	 	(xix)	cooperate and assist in any filings required to be made with the Financial Industry Regulatory Authority (FINRA), and in the performance of any due diligence investigation by any
underwriter in an Underwritten Offering; and 

  

	 	(xx)	use all reasonable efforts to facilitate the distribution and sale of any Registrable Securities to be offered pursuant to this Agreement, including without limitation by making
road show presentations, holding meetings with potential investors and taking such other actions as shall be requested by the majority Holders of the Registrable Securities covered by a Registration Statement or the lead managing underwriter of an
underwritten offering. 

  

	 	(b)	Each selling Holder of the Registrable Securities as to which any Registration is being effected pursuant to this Agreement agrees, as a condition to the Registration obligations
with respect to such Holder provided herein, to furnish to the Company such information regarding such Holder required to be included in the Registration Statement, the ownership of the Registrable Securities by such Holder and the proposed
distribution by such Holder of such Registrable Securities as the Company may from time to time reasonably request in writing. 

  

	 	(c)	 The terms of this Agreement are drafted primarily in contemplation of securities offerings in the United States. The Parties recognize, however, the possibility
that the Company might seek to effect an offering in the United States in the form of American Depositary Receipts or American Depositary Shares. Accordingly, it is agreed that if the Company shall undertake any listing of American Depositary
Receipts, American Depositary Shares or any other security derivative of the 



  

 14 









	 	 
Ordinary Shares, the Company shall make arrangements satisfactory to Holders holding a majority of the Registrable Securities to ensure that the spirit and
intent of this Agreement shall be realized and that the Company is committed to take such actions as are necessary such that the Holders will enjoy rights corresponding to the rights hereunder to sell their Registrable Securities in a public
offering in the United States of America as if the Company had listed Ordinary Shares in lieu of such derivative securities. In addition, the parties recognize the possibility that there may also be one or more registrations in a jurisdiction other
than the United States. It is, accordingly, the parties’ intention that whenever this Agreement refers to a law or institution of the United States but the parties wish to effectuate a registration in a different jurisdiction, reference in this
Agreement to the laws or institutions of the United States shall be read as referring, mutatis mutandis, to the comparable laws or institutions of the jurisdiction in question. Without prejudice to the foregoing, in the event of a Complying
IPO on a stock exchange in Hong Kong or London, the Company must ensure that the Registrable Securities are admitted to trading on that stock exchange (and where applicable admitted to any applicable official list) at the same time as all of the
other shares of the Company to be listed. 


 7. Indemnification. 
 7.1. Company’s Indemnification of Holders. To the extent permitted by law, the Company shall indemnify each Holder, each of
its officers, directors, partners, agents, legal counsel for the Holders, and each Person controlling that Holder within the meaning of the Securities Act, with respect to which Registration, qualification, or compliance of the Registrable
Securities has been effected pursuant to this Agreement, the respective officers, directors, partners, members, employees, representatives and agents of any such Holder or any such controlling Person, and each underwriter, if any, and each of its
officers, directors, partners, agents and each Person who controls any underwriter within the meaning of the Securities Act against all claims, losses, damages, liabilities, or actions in respect thereof (collectively, “Damages”) to
the extent the Damages arise out of or are based upon any untrue statement (or alleged untrue statement) of a material fact contained in any Registration Statement, prospectus or other document incident to any Registration, qualification, or
compliance, or any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary in order to make the statements made therein (in the case of a Prospectus, in light of the circumstances under which they
were made) not misleading, or any violation by the Company (or alleged violation) of any rule or regulation promulgated under the Securities Act, Exchange Act, applicable Blue Sky laws, or other applicable laws in the jurisdiction other than the
United States in which the Registration occurred, applicable to the Company and relating to action or inaction required of the Company in connection with any Registration, qualification, or compliance; and the Company shall reimburse each such
Holder, each underwriter, each of their respective officers, directors, partners, agents, legal counsels, and each Person who controls any Holder or underwriter, for any legal and any other expenses reasonably incurred in connection with
investigating or defending any such claim, loss, damage, liability, or action; provided, however, that the indemnity contained in this Section 7.1 shall not apply to amounts paid in settlement of any Damages if settlement is effected
without the consent of the Company (which consent shall not unreasonably be withheld); and provided, further, that the Company will not be liable in any case to the extent that any Damages arise out of or are based upon any untrue 

  

 15 








 
statement (or alleged untrue statement) or omission (or alleged omission) made in that Registration Statement, prospectus, or other document in reliance upon
and in conformity with written information furnished to the Company by a Holder or underwriter, if any, and expressly stated to be specifically for use in such Registration Statement, Prospectus or other document. 
 7.2. Holder’s Indemnification of Company. To the extent permitted by law, each Holder shall, if the Registrable Securities
held by that Holder are included in the securities as to which Registration, qualification or compliance is being effected pursuant to this Agreement, indemnify the Company, each Person who controls the Company within the meaning of the Securities
Act, the respective officers, directors, partners members, employees, representatives and agents of the Company or controlling Person (each, a “Holder Indemnified Person”), against all Damages arising out of or based upon any untrue
statement (or alleged untrue statement) of a material fact contained in such Registration Statement, Prospectus, or other document incident to any Registration, qualification or compliance, or any omission (or alleged omission) to state therein a
material fact required to be stated therein or necessary in order to make the statements made therein (in the case of a Prospectus, in light of the circumstances under which they were made) not misleading, and shall reimburse each Holder Indemnified
Person for any legal and any other expenses reasonably incurred in connection with investigating or defending any claim, loss, damage, liability, or action, in each case to the extent, but only to the extent, that the untrue statement (or alleged
untrue statement) or omission (or alleged omission) is made in that Registration Statement, Prospectus, or other document in reliance upon and in conformity with written information furnished to the Company by that Holder and expressly stated to be
specifically for use in such Registration Statement, prospectus or other document, provided, however, that the indemnity contained in this Section 7.2 shall not apply to amounts paid in settlement of any Damages if settlement is effected
without the consent of that Holder (which consent shall not be unreasonably withheld) and provided, further, that each Holder’s liability under this Section 7.2 shall not exceed the Holder’s proceeds net of Selling Expenses.

 7.3. Indemnification Procedure. Promptly after receipt by an indemnified party under this Section 7 of notice
of the commencement of any action, the indemnified party shall, if a claim is to be made against an indemnifying party under this Section 7, notify the indemnifying party in writing of the commencement thereof and generally summarize the
action. The indemnifying party shall have the right to participate in and to assume the defense of that claim; provided, however, that the indemnifying party shall be entitled to select counsel for the defense of the claim with the approval
of any parties entitled to indemnification, which approval shall not be unreasonably withheld; provided, further, that if either party reasonably determines that there may be a conflict between the position of the Company and the Holders in
conducting the defense of the action, suit, or proceeding by reason of recognized claims for indemnity under this Section 7, then counsel for that party shall be entitled to conduct the defense to the extent reasonably determined by counsel to
be necessary to protect the interests of that party. The failure to notify an indemnifying party promptly of the commencement of any action, if prejudicial to the ability of the indemnifying party to defend the action, shall relieve the indemnifying
party, to the extent so prejudiced, of any liability to the indemnified party under this Section 7, but the omission to notify the indemnifying party shall not relieve the party of any liability that the party may have to any indemnified party
otherwise than under this Section 7. 
  

 16 








 7.4. Contribution. If the indemnification provided for in this Section 7 is
held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any Damages, then the indemnifying party, in lieu of indemnifying the indemnified party hereunder, shall contribute to the amount paid or payable by
the indemnified party as a result of those Damages in such proportion as is appropriate to reflect the relative fault of the indemnifying party, on the one hand, and of the indemnified party, on the other hand, in connection with the statements or
omissions that resulted in Damages as well as any other relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying or the indemnified party and the parties, relative intent, knowledge, access to information, and opportunity to
correct or prevent the statement or omission. The Parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 7.4 were determined by pro rata allocation or by any other method of allocation which does
not take account of the equitable considerations referred to in this Section 7.4. The amount paid or payable by an indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to above
shall be deemed to include any legal or other fees or expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. No person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The obligations of the Holders in this Section 7.4 to contribute shall be several in
proportion to the percentage of the amount of Registrable Securities offered by them and not joint. 
 7.5. Conflicts.
Notwithstanding the foregoing, to the extent that provisions on indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing
provisions, the provisions in the underwriting agreement shall control. 
 7.6. Survival of Obligations. Unless
otherwise superseded by an underwriting agreement entered into with the underwritten public offering, the obligations of the Company and Holders under this Section 7 shall survive the completion of any offering of the Registrable Securities in
a Registration Statement under this Agreement or otherwise. 
 7.7. Indemnification not Exclusive. The obligations of
the Company under this Section 7 shall be in addition to any liability which the Company may otherwise have to any indemnified person and the obligations of any indemnified person under this Section 5 shall be in addition to any liability
which such indemnified person may otherwise have to the Company. The remedies provided in this Section 7 are not exclusive and shall not limit any rights or remedies which may otherwise be available to an indemnified party at law or in equity.

 8. Reports. With a view to making available to Holders the benefits of Rule 144 and Rule 144A under the Securities Act and any
other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without Registration, the Company agrees while any Registrable Securities remain outstanding, to: 
  

	 	(a)	make and keep adequate current public information with respect of the Company available, as those terms are understood and defined in Rule 144, at all times after ninety
(90) days after the effective date of the first Registration Statement filed by the Company for the offering of its securities to the public; 

  


 17 









	 	(b)	take all commercially reasonable action necessary to enable the Holders to utilize Form F-3 for the sale of their Registrable Securities, such action to be taken as soon as
practicable after the end of the fiscal year in which the first Registration Statement filed by the Company for the offering of its securities to the general public is declared effective; 

  

	 	(c)	file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act; and, upon request, furnish a written
statement to the Holders that it has complied with such requirements. 

  

	 	(d)	for a Registration in a jurisdiction other than the United States, take actions similar to those set forth in paragraphs (a), (b) and (c) of this Section 8 with a
view to making available to Holders the benefits of the corresponding provision or provisions of that jurisdiction’s securities laws; and 

  

	 	(e)	so long as any Registrable Securities remain outstanding, if the Company is not required to file reports and other documents under the Securities Act and the Exchange Act, it will
make available other information as required by, and so long as necessary to permit sales of Registrable Securities pursuant to Rule 144 and Rule 144A. 

 9. Compliance with Sarbanes-Oxley Act. The Company covenants that it will fully comply with all the requirements of the United States Sarbanes-Oxley Act of 2002, as amended, and any rules and regulations
thereunder adopted from time to time by the SEC and any other applicable laws, in each case to the extent applicable to the Company, 
 10. Miscellaneous. 
 10.1. Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of New York. Each of the parties hereto hereby irrevocably submits to the non-exclusive jurisdiction of any State or Federal court located in the Borough of Manhattan, the City of New York, in respect of any
suit, action or proceeding arising out of or relating to this Agreement, and irrevocably accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid courts. Each of the parties hereto
irrevocably waives, to the fullest extent it may effectively do so under applicable law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that
any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 
 10.2.
Counterparts and Facsimile Execution. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Any counterpart or other
signature delivered by facsimile shall be deemed for all purposes as being a good and valid execution and delivery of this Agreement by that party. 
  

 18 








 10.3. Headings. The headings of the Sections of this Agreement are for convenience
and shall not by themselves determine the interpretation of this Agreement. 
 10.4. Notices. All notices, requests and
other communications hereunder must be in writing and will be deemed to have been duly given only if delivered personally or by facsimile transmission or mailed (first class postage prepaid) to the parties at the following addresses or facsimile
numbers: 
 If to Deutsche Bank, to: 
 Deutsche Bank, AG 
 c/o Deutsche Bank AG, Hong Kong Branch 
 56/F Cheung Kong Center 
 2 Queen’s Road
Central 
 Hong Kong 
 Facsimile
No.: (852) 2203-7266 
 Attn: Derek Leung 
 If to Credit Suisse, to: 
 c/o Credit Suisse International 
 One Cabot Square 
 London E14 4QJ, United
Kingdom 
 Facsimile No.: +44 20794 2571 
 Attn: Markus Niemeier 
 If to ADM, to: 
 c/o Asia Debt Management Hong Kong Limited 
 1008 ICBC Tower 
 3 Garden Road Central 
 Hong Kong 

Facsimile No.: +852 2147 2813 
 Attn: Grace
Tan / Alex Shaik 
 If to Ramius, to: 
 RCG Asia Opportunity Fund, Ltd 
 Unit 1210,12/F ICBC Tower 
 Citibank Plaza 
 3 Garden Road 
 Central, Hong Kong 
 Facsimile No.: +852 3761
9797 
 Attn: Rob Levinson 
  

 19 








 If to the Company, to: 
 GCL Silicon Technology Holdings Inc. 
 36/F, Two Exchange Square 
 Central, Hong Kong 
 Facsimile No.:
(852)2526-7638 
 Attn: Richard Li/David Fung 
 with a courtesy copy to: 
 Milbank, Tweed, Hadley & McCloy LLP 
 3007 Alexandra House 
 18 Chater Road

 Central, Hong Kong 
 Facsimile
No.: (852) 2840-0792 
 Attn: Andrew M.Yang 
 All such notices, requests and other communications will (a) if delivered personally to the address as provided in this Section, be deemed given upon delivery, (b) if delivered by facsimile transmission to the facsimile number as
provided in this Section, be deemed given upon on the date of transmission with receipt of a transmittal confirmation, and (c) if delivered by mail in the manner described above to the address as provided in this Section, be deemed given on the
fourth (4th) Business Day following the date of deposit with such courier service, or such earlier delivery date as may be confirmed in writing to the sender by such courier service (in each case regardless of whether such notice, request or
other communication is received by any other Person to whom a copy of such notice, request or other communication is to be delivered pursuant to this Section). Any party from time to time may change its address, facsimile number or other information
for the purpose of notices to that party by giving notice specifying such change to the other party hereto. 
 10.5.
Amendment of Agreement. Any provision of this Agreement may be amended only by a written instrument signed by the Company and by persons holding not less than 75% of the then outstanding Registrable Securities (calculated on an as-converted
basis). 
 10.6. Severability. In case any provision of this Agreement shall be invalid, illegal, or unenforceable, the
validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 10.7. Entire Agreement; Successors and Assigns. This Agreement constitutes the entire contract between the Parties relative to the subject matter of this Agreement. Any previous agreement, whether written or oral, between the Company
and any Party concerning the subject matter of this Agreement or registration rights is superseded by this Agreement. Subject to the exceptions specifically set forth in this Agreement, the terms and conditions of this Agreement shall inure to the
benefit of and be binding upon the respective executors, administrators, heirs, successor, and permitted assigns of the parties. 
 10.8. Further Assurances. Each of the parties shall execute such documents and perform such further acts as may be reasonably required or necessary to carry out or to perform the provisions of this Agreement. 
  

 20 








 10.9. Original Registration Rights Agreement. The Parties irrevocably agree that:

  

	 	(a)	with immediate effect from the date of this Agreement: 

  

	 	(i)	this Agreement amends and restates the Original Registration Rights Agreement; 

  

	 	(ii)	the Original Registration Rights Agreement and the rights, interests and obligations set out in the Original Registration Rights Agreement are hereby terminated and replaced in all
respects with the rights, interests and obligations set out herein; and 

  

	 	(iii)	no Party shall have any right, obligation or interest under or in respect of the Original Registration Rights Agreement (other than those set out herein) and no Party may bring, or
seek to bring, any claim, action or proceeding against another Party in connection with the Original Registration Rights Agreement; and 

  

	 	(b)	the Company and each of the Initial EB Purchasers agree that the entry into this agreement is: (i) an effective and valid amendment of the Original Registration Rights
Agreement; and (ii) is in compliance with Section 10.5 (Amendment of Agreement) of the Original Registration Rights Agreement. 

 [Signatures follow on the next page.] 
  

 21 








 IN WITNESS WHEREOF, the parties to this Agreement have executed this Agreement as of the day and year
first above written. 
 

 
 Amended and Restated Registration Rights Agreement 









 

 
 Amended and Restated Registration Rights Agreement 







 

 
 Amended and Restated Registration Rights Agreement 







 

 
 Amended and Restated Registration Rights Agreement 








			
	 Credit Suisse International in its capacity as an EB
 Purchaser:

	
	




 Amended and Restated Registration Rights Agreement