EX-4.2



 Exhibit 4.2 

EXECUTION VERSION 
  

 
  

REGISTRATION RIGHTS AGREEMENT 

Dated as of May 9, 2016 
 By
and Among 
 MOBILE MINI, INC. 

and 
 THE SUBSIDIARY GUARANTORS
NAMED HEREIN 
 and 
 DEUTSCHE
BANK SECURITIES INC., 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 

BARCLAYS CAPITAL INC. 
 BNP PARIBAS
SECURITIES CORP. 
 J.P. MORGAN SECURITIES LLC 

BBVA SECURITIES INC. 
 and 

MITSUBISHI UFJ SECURITIES (USA) INC. 

as Initial Purchasers 
  

 
  

$250,000,000 
 5.875% SENIOR NOTES
DUE 2024 







 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
			
	 1.
	 	DEFINITIONS	  	 	1	  
			
	 2.
	 	EXCHANGE OFFER	  	 	4	  
			
	 3.
	 	SHELF REGISTRATION	  	 	8	  
			
	 4.
	 	ADDITIONAL INTEREST	  	 	9	  
			
	 5.
	 	REGISTRATION PROCEDURES	  	 	10	  
			
	 6.
	 	REGISTRATION EXPENSES	  	 	18	  
			
	 7.
	 	INDEMNIFICATION	  	 	19	  
			
	 8.
	 	RULE 144 AND 144A	  	 	22	  
			
	 9.
	 	UNDERWRITTEN REGISTRATIONS	  	 	22	  
			
	 10.
	 	MISCELLANEOUS	  	 	23	  
				
		 	 (a)
	  	No Inconsistent Agreements	  	 	23	  
		 	 (b)
	  	Adjustments Affecting Registrable Securities	  	 	23	  
		 	 (c)
	  	Amendments and Waivers	  	 	23	  
		 	 (d)
	  	Notices	  	 	23	  
		 	 (e)
	  	Successors and Assigns	  	 	24	  
		 	 (f)
	  	Counterparts	  	 	24	  
		 	 (g)
	  	Headings	  	 	24	  
		 	 (h)
	  	Governing Law	  	 	24	  
		 	 (i)
	  	Severability	  	 	25	  
		 	 (j)
	  	Securities Held by the Company and the Subsidiary Guarantors or their Affiliates	  	 	25	  
		 	 (k)
	  	Third Party Beneficiaries	  	 	25	  
		 	 (l)
	  	Entire Agreement	  	 	25	  
			
	 Schedule 1
	  	Guarantors	  			


  
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 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (the “Agreement”) is dated as of May 9, 2016 by and among Mobile Mini, Inc., a
Delaware corporation (the “Company”), the Subsidiary Guarantors listed on Schedule 1 hereto (the “Subsidiary Guarantors”) and Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Barclays Capital Inc., BNP Paribas Securities Corp., J.P. Morgan Securities LLC, BBVA Securities Inc. and Mitsubishi UFJ Securities (USA), Inc. (the “Initial Purchasers”). 

This Agreement is entered into in connection with the Purchase Agreement, dated as of May 4, 2016, by and among the Company, the
Subsidiary Guarantors and the Initial Purchasers (the “Purchase Agreement”) that provides for the sale by the Company to the Initial Purchasers of $250,000,000 aggregate principal amount of the Company’s 5.875% Senior Notes due
2024 (the “Notes”). The Notes will be guaranteed (the “Guarantees”) on a senior basis by the Subsidiary Guarantors. The Notes and the Guarantees together are herein referred to as the “Securities.”
In order to induce the Initial Purchasers to enter into the Purchase Agreement, the Company and the Subsidiary Guarantors have agreed to provide the registration rights set forth in this Agreement for the benefit of the Initial Purchasers and their
direct and indirect transferees and assigns. The execution and delivery of this Agreement is a condition to the Initial Purchasers’ obligation to purchase the Securities under the Purchase Agreement. 

The parties hereby agree as follows: 
  

	1.	Definitions 

 As used in this Agreement, the following terms shall have the
following meanings: 
 Additional Interest: See Section 4(a) hereof. 

Advice: See the last paragraph of Section 5 hereof. 

Agreement: See the introductory paragraphs hereto. 

Applicable Period: See Section 2(b) hereof. 

Business Day: Any day that is not a Saturday, Sunday or a day on which banking institutions in New York are authorized or required by
law to be closed. 
 Company: See the introductory paragraphs hereto. 

Consummation Date: the 240th day after the Issue Date; provided, however, that if the Consummation Date
would otherwise fall on a day that is not a Business Day, then the Consummation Date shall be the next succeeding Business Day. 

Effectiveness Period: See Section 3(a) hereof. 







 Event Date: See Section 4(b) hereof. 

Exchange Act: The Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder. 

Exchange Notes: See Section 2(a) hereof. 

Exchange Offer: See Section 2(a) hereof. 

Exchange Offer Registration Statement: See Section 2(a) hereof. 

Exchange Securities: See Section 2(a) hereof. 

FINRA: See Section 5(t) hereof. 

Guarantees: See the introductory paragraphs hereto. 

Holder: Any holder of a Registrable Security or Registrable Securities. 

Indemnified Person: See Section 7(c) hereof. 

Indemnifying Person: See Section 7(c) hereof. 

Indenture: The Indenture, dated as of May 9, 2016, by and among the Company, the Subsidiary Guarantors and Law Debenture Trust
Company of New York, as Trustee and Deutsche Bank Trust Company Americas, as Paying Agent, Registrar and Transfer Agent, pursuant to which the Securities are being issued, as amended or supplemented from time to time in accordance with the terms
thereof. 
 Initial Purchasers: See the introductory paragraphs hereto. 

Inspectors: See Section 5(o) hereof. 

Issue Date: May 9, 2016, or the date on which the Securities were sold to the Initial Purchasers pursuant to the Purchase
Agreement. 
 Notes: See the introductory paragraphs hereto. 

Offering Memorandum: The final offering memorandum of the Company dated May 4, 2016, in respect of the offering of the Securities.

 Participant: See Section 7(a) hereof. 

Participating Broker-Dealer: See Section 2(a) hereof. 

  
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 Person: An individual, trustee, corporation, partnership, limited liability company, joint
stock company, trust, unincorporated association, union, business association, firm or other legal entity. 
 Private Exchange: See
Section 2(b) hereof. 
 Private Exchange Notes: See Section 2(b) hereof. 

Private Exchange Securities: See Section 2(b) hereof. 

Prospectus: The prospectus included in any Registration Statement (including, without limitation, any prospectus subject to completion
and a prospectus that includes any information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated under the Securities Act), as amended or supplemented by any prospectus
supplement, and all other amendments and supplements to the Prospectus, with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration Statement including
post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such Prospectus. 

Purchase Agreement: See the introductory paragraphs hereto. 

Records: See Section 5(o) hereof. 

Registrable Securities: Each Security upon original issuance of the Securities and at all times subsequent thereto, each Exchange
Security (and the related Guarantee) as to which Section 2(c)(v) hereof is applicable upon original issuance and at all times subsequent thereto and each Private Exchange Security (and the related Guarantee) upon original issuance thereof and
at all times subsequent thereto, until in the case of any such Security, Exchange Security or Private Exchange Security, as the case may be, the earliest to occur of (i) a Registration Statement (other than, with respect to any Exchange
Security as to which Section 2(c)(v) hereof is applicable, the Exchange Offer Registration Statement) covering such Security, Exchange Security or Private Exchange Security (and the related Guarantees), as the case may be, has been declared
effective by the SEC and such Security, Exchange Security or Private Exchange Security (and the related Guarantees), as the case may be, has been disposed of in accordance with such effective Registration Statement, (ii) such Security has been
exchanged for an Exchange Security or Exchange Securities pursuant to an Exchange Offer and is entitled to be resold without complying with the prospectus delivery requirements of the Securities Act and (iii) such Security, Exchange Security or
Private Exchange Security (and the related Guarantees), as the case may be, ceases to be outstanding for purposes of the Indenture. 

Registration Statement: Any registration statement of the Company, including, but not limited to, the Exchange Offer Registration
Statement and any registration statement filed in connection with a Shelf Registration Statement, filed with the SEC pursuant to the provisions of this Agreement, including the Prospectus, amendments and supplements to such registration statement,
including post-effective amendments, all exhibits and all material incorporated by reference or deemed to be incorporated by reference in such registration statement. 

  
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 Rule 144: Rule 144 promulgated under the Securities Act, as such Rule may be amended from
time to time, or any similar rule (other than Rule 144A) or regulation hereafter adopted by the SEC providing for offers and sales of securities made in compliance therewith resulting in offers and sales by subsequent holders that are not
affiliates of an issuer of such securities being free of the registration and prospectus delivery requirements of the Securities Act. 

Rule 144A: Rule 144A promulgated under the Securities Act, as such Rule may be amended from time to time, or any similar rule (other
than Rule 144) or regulation hereafter adopted by the SEC. 
 Rule 415: Rule 415 promulgated under the Securities Act, as such
Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the SEC. 
 SEC: The Securities and
Exchange Commission. 
 Securities: See the introductory paragraphs hereto. 

Securities Act: The Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder. 

Shelf Notice: See Section 2(c) hereof. 

Shelf Registration Statement: See Section 3(a) hereof. 

Subsidiary Guarantors: See the introductory paragraphs hereto. 

TIA: The Trust Indenture Act of 1939, as amended. 

Trustee: The trustee under the Indenture and the trustee (if any) under any indenture governing the Exchange Securities and Private
Exchange Securities. 
 Underwritten registration or underwritten offering: A registration in which securities of the Company are
sold to an underwriter for reoffering to the public. 
 Except as otherwise specifically provided, all references in this Agreement to acts,
laws, statutes, rules, regulations, releases, forms, no-action letters and other regulatory requirements (collectively, “Regulatory Requirements”) shall be deemed to refer also to any amendments thereto and all subsequent Regulatory
Requirements adopted as a replacement thereto having substantially the same effect therewith; provided that Rule 144 shall not be deemed to amend or replace Rule 144A. 
  

	2.	Exchange Offer 

 (a) On or prior to the Consummation Date, the
Company and the Subsidiary Guarantors shall: 
 (1) prepare and file with the SEC, to the extent not prohibited by any
applicable law or applicable interpretation of the staff of the SEC, a Registration Statement on an 

  
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appropriate registration form (the “Exchange Offer Registration Statement”) with respect to a registered offer (the “Exchange Offer”) to exchange any and all of
the Registrable Securities (other than the Private Exchange Securities, if any) for a like aggregate principal amount of debt securities of the Company that are identical in all material respects to the Securities (the “Exchange
Notes” and, together with the guarantees thereon, the “Exchange Securities”) (and that are entitled to the benefits of the Indenture or a trust indenture that is identical in all material respects to the Indenture (other
than such changes to the Indenture or any such identical trust indenture as are necessary to comply with any requirements of the SEC to effect or maintain the qualification thereof under the TIA) and that, in either case, has been qualified under
the TIA), except that the Exchange Securities (other than Private Exchange Securities, if any) shall have been registered pursuant to an effective Registration Statement under the Securities Act and shall contain no restrictive legend thereon. The
Exchange Offer shall comply with all applicable tender offer rules and regulations under the Exchange Act; 
 (2) use its
commercially reasonable efforts to cause the Exchange Offer Registration Statement to be declared effective under the Securities Act within 210 days following the Issue Date; 

(3) keep the Exchange Offer open for not less than 30 days (or longer if required by applicable law) after the date that notice
of the Exchange Offer is mailed to Holders; and 
 (4) consummate the Exchange Offer. 

If after such Exchange Offer Registration Statement is declared effective by the SEC, the Exchange Offer or the issuance of the Exchange Securities thereunder
is interfered with by any stop order, injunction or other order or requirement of the SEC or any other governmental agency or court, such Exchange Offer Registration Statement shall be deemed not to have become effective for purposes of this
Agreement during the period of such interference until the Exchange Offer may legally resume. 
 Each Holder (including, without limitation,
each Participating Broker-Dealer) who participates in the Exchange Offer will be required to represent to the Company and the Subsidiary Guarantors in writing (i) that any Exchange Securities received by it will be acquired in the ordinary
course of its business, (ii) that at the time of the commencement of the Exchange Offer such Holder has no arrangement or understanding with any Person to participate in the distribution (within the meaning of the Securities Act) of the
Exchange Securities in violation of the provisions of the Securities Act, (iii) that such Holder is not an “affiliate” (as defined in Rule 405 promulgated under the Securities Act) of the Company or the Subsidiary Guarantors within
the meaning of the Securities Act and is not acting on behalf of any persons or entities who could not truthfully make the foregoing representations, (iv) if such Holder is not a broker-dealer, that it is not engaged in, and does not intend to
engage in, the distribution of Exchange Securities, and (v) if such Holder is a broker-dealer (a “Participating Broker-Dealer”), that it will receive Exchange Securities for its own account in exchange for Securities that were
acquired as a result of market-making or other trading activities and that it will deliver a prospectus in connection with any resale of such Exchange Securities. 

Upon consummation of the Exchange Offer in accordance with this Section 2, the provisions of this Agreement shall continue to apply,
mutatis mutandis, solely with respect to 

  
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Registrable Securities that are Private Exchange Securities and Exchange Securities held by Participating Broker-Dealers, and the Company shall have no
further obligation to register Registrable Securities (other than Private Exchange Securities and other than in respect of any Exchange Securities as to which clause 2(c)(v) hereof applies) pursuant to Section 3 hereof. No securities other than
the Exchange Securities shall be included in the Exchange Offer Registration Statement. 
 (b) The Company and the Subsidiary Guarantors
shall include within the Prospectus contained in the Exchange Offer Registration Statement a section entitled “Plan of Distribution,” reasonably acceptable to the Initial Purchasers, that shall contain a summary statement of the positions
taken or policies made by the staff of the SEC with respect to the potential “underwriter” status of any Participating Broker-Dealer that is the beneficial owner (as defined in Rule 13d-3 under the
Exchange Act) of Exchange Securities received by such Participating Broker-Dealer in the Exchange Offer, whether such positions or policies have been publicly disseminated by the staff of the SEC or such
positions or policies, in the judgment of the Initial Purchasers, represent the prevailing views of the staff of the SEC. Such “Plan of Distribution” section shall also expressly permit, to the extent permitted by applicable policies and
regulations of the SEC, the use of the Prospectus by all Persons subject to the prospectus delivery requirements of the Securities Act, including to the extent permitted by applicable policies and regulations of the SEC, all Participating Broker-Dealers, and include a statement describing the means by which Participating Broker-Dealers may resell the Exchange Securities in compliance with the Securities Act.

 The Company and the Subsidiary Guarantors shall use their respective commercially reasonable efforts to keep the Exchange Offer
Registration Statement effective and to amend and supplement the Prospectus contained therein in order to permit such Prospectus to be lawfully delivered by all Persons subject to the prospectus delivery requirements of the Securities Act for such
period of time as is necessary to comply with applicable law in connection with any resale of the Exchange Securities covered thereby; provided, however, that such period shall not be required to exceed 90 days or such longer period if
extended pursuant to the last paragraph of Section 5 hereof (the “Applicable Period”). 
 If, prior to consummation of
the Exchange Offer, any Initial Purchaser holds any Securities acquired by it and having, or that are reasonably likely to be determined to have, the status of an unsold allotment in the initial distribution, the Company and the Subsidiary
Guarantors, upon the request of such Initial Purchaser simultaneously with the delivery of the Exchange Securities in the Exchange Offer, shall issue and deliver to such Initial Purchaser in exchange (the “Private Exchange”) for
such Securities held by such Initial Purchaser a like principal amount of debt securities of the Company and the Subsidiary Guarantors that are identical in all material respects to the Exchange Securities (the “Private Exchange
Notes” and, together with the guarantees thereon, the “Private Exchange Securities”), except for the placement of a restrictive legend on such Private Exchange Securities. The Private Exchange Securities shall be issued
pursuant to the same indenture as the Exchange Securities and bear the same CUSIP number as the Exchange Securities if permitted by the CUSIP Service Bureau. 

Interest on each Exchange Note will accrue (A) from the later of (i) the last interest payment date on which interest was paid on
the Note surrendered in exchange therefor, or (ii) if the Note is surrendered for exchange on a date in a period that includes the record date for an interest 

  
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payment date to occur on or after the date of such exchange and as to which interest will be paid, the date of such interest payment date or (B) if no interest has been paid on such Note,
from the Issue Date. 
 In connection with the Exchange Offer, the Company and the Subsidiary Guarantors shall: 

(1) mail to each Holder a copy of the Prospectus forming part of the Exchange Offer Registration Statement, together with an
appropriate letter of transmittal and related documents; 
 (2) use their respective commercially reasonable efforts to keep
the Exchange Offer open for not less than 30 days after the date that notice of the Exchange Offer is mailed to Holders (or longer if required by applicable law); 

(3) utilize the services of a depositary for the Exchange Offer with an address in the Borough of Manhattan, The City of New
York; 
 (4) permit Holders to withdraw tendered Securities at any time prior to the close of business, New York time, on the
last Business Day on which the Exchange Offer shall remain open; and 
 (5) otherwise comply in all material respects with
all applicable laws, rules and regulations. 
 As soon as practicable after the close of the Exchange Offer or the Private Exchange, as the
case may be, the Company and the Subsidiary Guarantors shall: 
 (1) accept for exchange all Registrable Securities properly
tendered and not validly withdrawn pursuant to the Exchange Offer or the Private Exchange; 
 (2) deliver to the Trustee for
cancellation all Registrable Securities so accepted for exchange; and 
 (3) cause the Trustee to authenticate and deliver
promptly to each Holder of Securities, Exchange Securities or Private Exchange Securities, as the case may be, equal in principal amount to the Securities of such Holder so accepted for exchange; provided that, in the case of any Notes held
in global form by a depositary, authentication and delivery to such depositary of one or more replacement Notes in global form in an equivalent principal amount thereto for the account of such Holders in accordance with the Indenture shall satisfy
such authentication and delivery requirement. 
 The Exchange Securities and the Private Exchange Securities may be issued under
(i) the Indenture or (ii) an indenture identical in all material respects to the Indenture, which in either event has been qualified under the TIA or is exempt from such qualification and shall provide that (1) the Exchange Securities
shall not be subject to the transfer restrictions set forth in the Indenture and (2) the Private Exchange Securities shall be subject to the transfer restrictions set forth in the 

  
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Indenture. The Indenture or such indenture described in (ii) above shall provide that the Exchange Securities, the Private Exchange Securities and the Securities shall vote and consent
together on all matters as one class and that none of the Exchange Securities, the Private Exchange Securities or the Securities will have the right to vote or consent as a separate class on any matter. 

(c) If, (i) because of any change in law or in currently prevailing interpretations of the staff of the SEC, the Company and the
Subsidiary Guarantors are not permitted to effect an Exchange Offer, (ii) the Exchange Offer is not consummated by the Consummation Date, (iii) the holder of Private Exchange Securities so requests at any time within 90 days after the
consummation of the Private Exchange, (iv) because of any changes in law or in currently prevailing interpretations of the staff of the SEC, a Holder (other than an Initial Purchaser holding Securities acquired directly from the Company and the
Subsidiary Guarantors) is not permitted to participate in the Exchange Offer or (v) in the case of any Holder that participates in the Exchange Offer, such Holder does not receive Exchange Securities on the date of the exchange that may be sold
without restriction under state and federal securities laws (other than due solely to the status of such Holder as an affiliate of the Company or any of the Subsidiary Guarantors within the meaning of the Securities Act), then the Company shall
promptly deliver written notice thereof (the “Shelf Notice”) to the Trustee and in the case of clauses (i), (ii) and (iv), all Holders, in the case of clause (iii), the Holders of the Private Exchange Securities and
in the case of clause (v), the affected Holder, shall file a Shelf Registration Statement pursuant to Section 3 hereof. 
  

	3.	Shelf Registration 

 If a Shelf Notice is delivered as contemplated by
Section 2(c) hereof, then: 
 (a) Shelf Registration. The Company and the Subsidiary Guarantors shall file with
the SEC a Registration Statement for an offering to be made on a continuous basis pursuant to Rule 415 covering all of the Registrable Securities not exchanged in the Exchange Offer, Private Exchange Notes and Exchange Notes as to which
Section 2(c)(iv) is applicable (the “Shelf Registration Statement”). The Company and the Subsidiary Guarantors shall use their respective commercially reasonable efforts to file with the SEC the Shelf Registration Statement as
promptly as practicable after such Shelf Notice. The Shelf Registration Statement shall be on Form S-1 or another appropriate form permitting registration of such Registrable Securities for resale by Holders in the manner or manners designated by
them (including, without limitation, one or more underwritten offerings). The Company and the Subsidiary Guarantors shall not permit any securities other than the Registrable Securities to be included in the Shelf Registration Statement. 

The Company and the Subsidiary Guarantors shall use their respective commercially reasonable efforts to cause the Shelf
Registration Statement to be declared effective under the Securities Act on or prior to the 120th day following the date of the filing of the Shelf Registration Statement and to keep the Shelf Registration Statement continuously effective under the
Securities Act until the date that is two years from the Issue Date or such shorter period ending when all Registrable Securities covered by the Shelf Registration Statement have been sold in the manner set forth and as contemplated in the Shelf
Registration Statement or cease to be outstanding (the “Effectiveness Period”); provided, however, that the Effectiveness 

  
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Period in respect of the Shelf Registration Statement shall be extended to the extent required to permit dealers to comply with the applicable prospectus delivery requirements of Rule 174
under the Securities Act and as otherwise provided herein. 
 In the event that a Shelf Registration Statement is filed, the
Company shall provide to each Holder copies of the prospectus that is part of the Shelf Registration Statement, notify each such Holder when the Shelf Registration Statement for the Registrable Securities covered by the Shelf Registration Statement
has become effective and take certain other actions as are required to permit unrestricted resales of the Registrable Securities covered by the Shelf Registration Statement. A Holder that sells Registrable Securities covered by the Shelf
Registration Statement pursuant to the Shelf Registration Statement will be (x) required to be named as a selling security holder in the related prospectus and to deliver a prospectus to purchasers, (y) subject to certain of the civil
liability provisions under the Securities Act in connection with such sales and (z) bound by the provisions of this Agreement that are applicable to such a Holder (including Section 7 hereof). 

(b) Withdrawal of Stop Orders. If the Shelf Registration Statement ceases to be effective for any reason at any time
during the Effectiveness Period (other than because of the sale of all of the securities registered thereunder), the Company and the Subsidiary Guarantors shall use their commercially reasonable efforts to obtain the prompt withdrawal of any order
suspending the effectiveness thereof. 
 (c) Supplements and Amendments. The Company and the Subsidiary Guarantors
shall promptly supplement and amend the Shelf Registration Statement if required by the rules, regulations or instructions applicable to the registration form used for such Shelf Registration Statement, if required by the Securities Act, or if
reasonably requested by the Holders of a majority in aggregate principal amount of the Registrable Securities covered by such Registration Statement or by any underwriter of such Registrable Securities. 

 

	4.	Additional Interest 

 (a) The Company and the Subsidiary Guarantors and the
Initial Purchasers agree that the Holders of Registrable Securities will suffer damages if the Company and the Subsidiary Guarantors fail to fulfill their respective obligations under Section 2 or Section 3 hereof and that it would not be
feasible to ascertain the extent of such damages with precision. Accordingly, the Company and the Subsidiary Guarantors agree to pay, as liquidated damages, additional interest on the Securities (“Additional Interest”) under the
circumstances and to the extent set forth below (without duplication): 
 (i) if (A) neither the Exchange Offer
Registration Statement nor the Shelf Registration Statement has been declared effective on or prior to 210 days after the Issue Date or (B) notwithstanding that the Company and the Subsidiary Guarantors have consummated or will consummate the
Exchange Offer, the Company and the Subsidiary Guarantors are required to file a Shelf Registration Statement and such Shelf Registration Statement is not declared effective on or prior to the 120th day following the date such Shelf Registration
Statement was filed, then, in each case, commencing on the day thereafter, Additional Interest shall 

  
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accrue on the Securities over and above the stated interest at a rate of 0.25% per annum for the first 90 days immediately following such date, such Additional Interest rate increasing by an
additional 0.25% per annum at the beginning of each subsequent 90-day period; 

(ii) if either (A) the Company and the Subsidiary Guarantors have not exchanged Exchange Notes for all Notes validly
tendered in accordance with the terms of the Exchange Offer on or prior to the Consummation Date or (B) if applicable, a Shelf Registration Statement has been declared effective and such Shelf Registration Statement ceases to be effective at
any time prior to the second anniversary of the Issue Date (other than after such time as all Notes have been disposed of thereunder), then Additional Interest shall accrue on the principal amount of the Notes at a rate of 0.25% per annum for
the first 90 days commencing on (x) the 241st day after such effective date, in the case of (A) above, or (y) the day such Shelf Registration Statement ceases to be effective, in the case of (B) above, such Additional Interest
rate increasing by an additional 0.25% per annum at the beginning of each such subsequent 90-day period; 

provided, however, that the Additional Interest rate on the Securities may not accrue under more than one of the foregoing clauses
(i) through (ii) of this Section 4(a) at the same time and at no time shall the aggregate amount of Additional Interest accruing exceed at any one time in the aggregate 0.50% per annum; and provided, further,
however, that (1) upon the filing of the Exchange Offer Registration Statement or a Shelf Registration Statement (in the case of clause (i) of this Section 4(a)), (2) upon the effectiveness of the Exchange Offer Registration
Statement or the Shelf Registration Statement (in the case of clause (ii) of this Section 4(a)), or (3) upon the exchange of Exchange Securities for all Securities tendered (in the case of clause (iii)(A) of this Section 4(a)),
or upon the effectiveness of the applicable Shelf Registration Statement that had ceased to remain effective (in the case of (iii)(B) of this Section 4(a)), Additional Interest on the Securities as a result of such clause (or the relevant
subclause thereof), as the case may be, shall cease to accrue. 
 (b) The Company and the Subsidiary Guarantors shall notify the Trustee
within one Business Day after each and every date on which an event occurs in respect of which Additional Interest is required to be paid (an “Event Date”). Any amounts of Additional Interest due pursuant to (a)(i), (a)(ii) or
(a)(iii) of this Section 4 will be payable in cash semi-annually on each January 1 and July 1, commencing with the first such date after an Event Date. The amount of Additional Interest will be determined by multiplying the applicable
Additional Interest rate by the principal amount of the Registrable Securities, multiplied by a fraction, the numerator of which is the number of days such Additional Interest rate was applicable during such period (determined on the basis of a
360-day year consisting of twelve 30-day months and, in the case of a partial month, the actual number of days elapsed) and the denominator of which is 360. 
  

	5.	Registration Procedures 

 In connection with the filing of any Registration
Statement pursuant to Sections 2 or 3 hereof, the Company and the Subsidiary Guarantors shall effect such registrations to permit the sale of the securities covered thereby in accordance with the intended method or methods of disposition thereof,
and pursuant thereto and in connection with any Registration Statement filed by the Company and the Subsidiary Guarantors hereunder, the Company and the Subsidiary Guarantors shall: 

  
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 (a) Prepare and file with the SEC a Registration Statement or Registration
Statements as prescribed by Sections 2 or 3 hereof, and use their respective commercially reasonable efforts (in the case of an Exchange Offer Registration Statement) and commercially reasonable efforts (in the case of a Shelf Registration
Statement) to cause such Registration Statement to become effective and use their respective commercially reasonable efforts to cause each such Registration Statement to remain effective as provided herein; provided, however, that, if
(1) such filing is pursuant to Section 3 hereof or (2) a Prospectus contained in an Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period, before filing any Registration Statement or Prospectus or any amendments or supplements thereto, the Company and
the Subsidiary Guarantors shall furnish to and afford the Holders of the Registrable Securities covered by such Registration Statement or each such Participating Broker-Dealer, as the case may be, their
counsel and the managing underwriters, if any, a reasonable opportunity to review copies of all such documents (including copies of any documents to be incorporated by reference therein and all exhibits thereto) proposed to be filed (in each case at
least three Business Days prior to such filing). The Company and the Subsidiary Guarantors shall not file any Registration Statement or Prospectus or any amendments or supplements thereto if the Holders of a majority in aggregate principal amount of
the Registrable Securities covered by such Registration Statement, or any such Participating Broker-Dealer, as the case may be, or their counsel, or the managing underwriters, if any, shall reasonably object
on a timely basis. 
 (b) Prepare and file with the SEC such amendments and
post-effective amendments to each Shelf Registration Statement or Exchange Offer Registration Statement, as the case may be, as may be necessary to keep such Registration Statement continuously effective for
the Effectiveness Period or the Applicable Period, as the case may be; cause the related Prospectus to be supplemented by any prospectus supplement required by applicable law, and as so supplemented to be filed pursuant to Rule 424 (or any similar
provisions then in force) promulgated under the Securities Act; and comply in all material respects with the provisions of the Securities Act and the Exchange Act applicable to it with respect to the disposition of all securities covered by such
Registration Statement as so amended or in such Prospectus as so supplemented and with respect to the subsequent resale of any securities being sold by a Participating Broker-Dealer covered by any such
Prospectus; the Company and the Subsidiary Guarantors shall be deemed not to have used their respective commercially reasonable efforts to keep a Registration Statement effective during the Applicable Period if each of the Company and the Subsidiary
Guarantors voluntarily takes any action that would result in selling Holders of the Registrable Securities covered thereby or Participating Broker-Dealers seeking to sell Exchange Securities not being able to
sell such Registrable Securities or such Exchange Securities during that period, unless such action is required by applicable law or unless the Company and the Subsidiary Guarantors comply in all material respects with this Agreement, including
without limitation, the provisions of paragraph 5(k) hereof and the last paragraph of this Section 5. 
 (c) If
(1) a Shelf Registration Statement is filed pursuant to Section 3 hereof or (2) a Prospectus contained in an Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the
Securities Act by any Participating 

  
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Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period, the Company shall notify the selling Holders of Registrable Securities,
or each such Participating Broker-Dealer, as the case may be, their counsel and the managing underwriters, if any, promptly (but in any event within two Business Days) and confirm such notice in writing,
(i) when a Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to a Registration Statement or any post-effective
amendment, when the same has become effective under the Securities Act (including in such notice a written statement that any Holder may, upon request, obtain, at the sole expense of the Company and the Subsidiary Guarantors, one conformed copy of
such Registration Statement or post-effective amendment including financial statements and schedules, documents incorporated or deemed to be incorporated by reference and exhibits), (ii) of the issuance
by the SEC of any stop order suspending the effectiveness of a Registration Statement or of any order preventing or suspending the use of any preliminary prospectus or the initiation of any proceedings for that purpose, (iii) if at any time
when a prospectus is required by the Securities Act to be delivered in connection with sales of the Registrable Securities or resales of Exchange Securities by Participating Broker-Dealers the representations
and warranties of the Company and the Subsidiary Guarantors contained in any agreement (including any underwriting agreement), contemplated by Section 5(n) hereof cease to be true and correct, (iv) of the receipt by the Company and the
Subsidiary Guarantors of any notification with respect to the suspension of the qualification or exemption from qualification of a Registration Statement or any of the Registrable Securities or the Exchange Securities to be sold by any Participating
Broker-Dealer for offer or sale in any jurisdiction, or the initiation or written threat of any proceeding for such purpose, (v) of the happening of any event, the existence of any condition or any
information becoming known that makes any statement made in such Registration Statement or related Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respects or that requires the making
of any material changes in or amendments or supplements to such Registration Statement, Prospectus or documents so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements therein not misleading, and that in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact required
to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading and (vi) each of the Company’s and the Subsidiary Guarantors’ determination that a post-effective amendment to a Registration Statement would be appropriate. 
 (d) Use their
respective commercially reasonable efforts to prevent the issuance of any order suspending the effectiveness of a Registration Statement or of any order preventing or suspending the use of a Prospectus or suspending the qualification (or exemption
from qualification) of any of the Registrable Securities or the Exchange Securities for sale in any jurisdiction and, if any such order is issued, to use their commercially reasonable efforts to obtain the withdrawal of any such order at the
earliest possible moment. 
 (e) If a Shelf Registration Statement is filed pursuant to Section 3 and if requested by
the managing underwriter or underwriters, if any, or the Holders of a majority in aggregate principal amount of the Registrable Securities being sold in connection with an underwritten offering, (i) promptly incorporate in a prospectus
supplement or post-effective 

  
 -12- 








 
amendment such information as the managing underwriter or underwriters, if any, such Holders or counsel for any of them determine is reasonably necessary to be included therein, (ii) make
all required filings of such prospectus supplement or such post-effective amendment as soon as practicable after the Company and the Subsidiary Guarantors have received notification of the matters to be
incorporated in such prospectus supplement or post-effective amendment and (iii) supplement or make amendments to such Registration Statement; provided, however, that the Company and the
Subsidiary Guarantors shall not be required to take any action pursuant to this Section 5(e) that would, in the opinion of counsel for the Company and the Subsidiary Guarantors, violate applicable law. 

(f) If (1) a Shelf Registration Statement is filed pursuant to Section 3 hereof or (2) a Prospectus contained in
an Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities
during the Applicable Period, furnish to each selling Holder of Registrable Securities and to each such Participating Broker-Dealer who so requests and to their respective counsel and each managing
underwriter, if any, at the sole expense of the Company and the Subsidiary Guarantors, one conformed copy of the Registration Statement or Registration Statements and each post-effective amendment thereto,
including financial statements and schedules and, if requested, all documents incorporated or deemed to be incorporated therein by reference and all exhibits. 

(g) If (1) a Shelf Registration Statement is filed pursuant to Section 3 hereof or (2) a Prospectus contained in
an Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities
during the Applicable Period, deliver to each selling Holder of Registrable Securities, or each such Participating Broker-Dealer, as the case may be, their respective counsel and the underwriters, if any, at
the sole expense of the Company and the Subsidiary Guarantors, as many copies of the Prospectus or Prospectuses (including each form of preliminary prospectus) and each amendment or supplement thereto and any documents incorporated by reference
therein as such Persons may reasonably request; and, subject to the last paragraph of this Section 5, the Company and the Subsidiary Guarantors hereby consent to the use of such Prospectus and each amendment or supplement thereto by each of the
selling Holders of Registrable Securities or each such Participating Broker-Dealer, as the case may be, and the underwriters or agents, if any, and dealers, if any, in connection with the offering and sale of
the Registrable Securities covered by, or the sale by Participating Broker-Dealers of the Exchange Securities pursuant to, such Prospectus and any amendment or supplement thereto. 

(h) Prior to any public offering of Registrable Securities or Exchange Securities or any delivery of a Prospectus contained in
the Exchange Offer Registration Statement by any Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period, to use their commercially reasonable efforts to register or
qualify and to cooperate with the selling Holders of Registrable Securities or each such Participating Broker-Dealer, as the case may be, the managing underwriter or underwriters, if any, and their respective
counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky 


  
 -13- 








 
laws of such jurisdictions within the United States as any selling Holder, Participating Broker-Dealer or the managing underwriter or underwriters
reasonably request in writing; provided, however, that where Exchange Securities held by Participating Broker-Dealers or Registrable Securities are offered other than through an underwritten
offering, the Company and the Subsidiary Guarantors agree to cause their counsel to perform Blue Sky investigations and file registrations and qualifications required to be filed pursuant to this Section 5(h); use their commercially reasonable
efforts to keep each such registration or qualification (or exemption therefrom) effective during the period such Registration Statement is required to be kept effective and do any and all other acts or things reasonably necessary or advisable to
enable the disposition in such jurisdictions of the Exchange Securities held by Participating Broker-Dealers or the Registrable Securities covered by the applicable Registration Statement; provided,
however, that none of the Company and the Subsidiary Guarantors shall be required to (A) qualify generally to do business in any jurisdiction where it is not then so qualified, (B) take any action that would subject it to general
service of process in any such jurisdiction where it is not then so subject or (C) subject itself to taxation in any such jurisdiction where it is not then so subject. 

(i) If a Shelf Registration Statement is filed pursuant to Section 3 hereof, cooperate with the selling Holders of
Registrable Securities and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates shall not bear any restrictive legends
and shall be in a form eligible for deposit with The Depository Trust Company; and enable such Registrable Securities to be in such denominations and registered in such names as the managing underwriter or underwriters, if any, or Holders may
reasonably request. 
 (j) Use their respective commercially reasonable efforts to cause the Registrable Securities covered
by the Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the Holders thereof or the underwriter or underwriters, if any, to consummate the disposition of such
Registrable Securities, except as may be required solely as a consequence of the nature of such selling Holder’s business, in which case the Company and the Subsidiary Guarantors will cooperate in all reasonable respects with the filing of such
Registration Statement and the granting of such approvals. 
 (k) If (1) a Shelf Registration Statement is filed
pursuant to Section 3 hereof or (2) a Prospectus contained in an Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period, upon the occurrence of any event contemplated by paragraph 5(c)(v) or 5(c)(vi) hereof, as promptly as practicable, prepare and
(subject to Section 5(a) hereof) file with the SEC, at each of the Company’s and the Subsidiary Guarantors’ sole expense, a supplement or post-effective amendment to the Registration Statement
or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Securities being sold
thereunder or to the purchasers of the Exchange Securities to whom such Prospectus will be delivered by a Participating Broker-Dealer, any such Prospectus will not contain an


  
 -14- 








 
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. 
 (l) Use its respective commercially reasonable efforts to cause the Registrable Securities
covered by a Registration Statement or the Exchange Securities, as the case may be, to be rated with the appropriate rating agencies, if so requested by the Holders of a majority in aggregate principal amount of Registrable Securities covered by
such Registration Statement or the Exchange Securities, as the case may be, or the managing underwriter or underwriters, if any. 

(m) Prior to the effective date of the first Registration Statement relating to the Registrable Securities, (i) provide
the Trustee with certificates for the Registrable Securities or Exchange Securities, as the case may be, in a form eligible for deposit with Euroclear and Clearstream and (ii) provide a CUSIP number for the Registrable Securities or Exchange
Securities, as the case may be. 
 (n) In connection with any underwritten offering of Registrable Securities pursuant to a
Shelf Registration Statement, enter into an underwriting agreement as is customary in underwritten offerings of debt securities similar to the Securities and take all such other actions as are reasonably requested by the managing underwriter or
underwriters in order to expedite or facilitate the registration or the disposition of such Registrable Securities and, in such connection, (i) make such representations and warranties to, and covenants with, the underwriters with respect to
the business of the Company and the Subsidiary Guarantors and their respective subsidiaries (including any acquired business, properties or entity, if applicable) and the Registration Statement, Prospectus and documents, if any, incorporated or
deemed to be incorporated by reference therein, in each case, as are customarily made by issuers to underwriters in underwritten offerings of debt securities similar to the Securities, and confirm the same in writing if and when requested;
(ii) obtain the written opinion of counsel to the Company and the Subsidiary Guarantors and written updates thereof in form, scope and substance reasonably satisfactory to the managing underwriter or underwriters, addressed to the underwriters
covering the matters customarily covered in opinions requested in underwritten offerings of debt similar to the Securities and such other matters as may be reasonably requested by the managing underwriter or underwriters; (iii) obtain
“cold comfort” letters and updates thereof in form, scope and substance reasonably satisfactory to the managing underwriter or underwriters from the independent certified public accountants of the Company and the Subsidiary Guarantors
(and, if necessary, any other independent certified public accountants of any subsidiary of the Company and the Subsidiary Guarantors or of any business acquired by the Company and the Subsidiary Guarantors for which financial statements and
financial data are, or are required to be, included or incorporated by reference in the Registration Statement), addressed to each of the underwriters, such letters to be in customary form and covering matters of the type customarily covered in
“cold comfort” letters in connection with underwritten offerings of debt securities similar to the Securities and such other matters as reasonably requested by the managing underwriter or underwriters; and (iv) if an underwriting
agreement is entered into, the same shall contain indemnification provisions and procedures no less favorable than those set forth in Section 7 hereof (or such other provisions and procedures acceptable


  
 -15- 








 
to Holders of a majority in aggregate principal amount of Registrable Securities covered by such Registration Statement and the managing underwriter or underwriters or agents) with respect to all
parties to be indemnified pursuant to said Section. The above shall be done at each closing under such underwriting agreement, or as and to the extent required thereunder. 

(o) If (1) a Shelf Registration Statement is filed pursuant to Section 3 hereof or (2) a Prospectus contained in
an Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities
during the Applicable Period, upon reasonable advance notice make available for inspection by any selling Holder of such Registrable Securities being sold, or each such Participating Broker-Dealer, as the case
may be, any underwriter participating in any such disposition of Registrable Securities, if any, and any attorney, accountant or other agent retained by any such selling Holder or each such Participating
Broker-Dealer, as the case may be, or underwriter (collectively, the “Inspectors”), at the offices where normally kept, during reasonable business hours without interfering in the orderly
business of the Company and the Subsidiary Guarantors, all financial and other relevant records, pertinent corporate documents and instruments of the Company and the Subsidiary Guarantors and their respective subsidiaries (collectively, the
“Records”) as shall be reasonably necessary to enable them to exercise any applicable due diligence responsibilities, and cause the respective officers, directors and employees of the Company and the Subsidiary Guarantors and their
respective subsidiaries to supply all information reasonably requested by any such Inspector in connection with such Registration Statement. Any such access granted to the Inspectors under this Section 5(o) shall be subject to the prior receipt
by the Company and the Subsidiary Guarantors of written undertakings, in form and substance reasonably satisfactory to the Company and the Subsidiary Guarantors, to preserve the confidentiality of any information deemed by the Company and the
Subsidiary Guarantors to be confidential. Records that the Company and the Subsidiary Guarantors determine, in good faith, to be confidential and any Records that they notify the Inspectors are confidential shall not be disclosed by the Inspectors
unless (i) the Company and the Subsidiary Guarantors based upon advice of counsel determine that disclosure of such Records is necessary to avoid or correct a material misstatement or omission in such Registration Statement, (ii) the
release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction, (iii) after giving reasonable prior notice to the Company, disclosure of such information is, in the opinion of counsel for any
Inspector, necessary or advisable in connection with any action, claim, suit or proceeding, directly or indirectly, involving or potentially involving such Inspector and arising out of, based upon, relating to or involving this Agreement or any
transactions contemplated hereby or arising hereunder or (iv) the information in such Records has been made generally available to the public. Each selling Holder of such Registrable Securities and each such Participating Broker-Dealer will be
required to agree that information obtained by it as a result of such inspections shall be deemed confidential and shall not be used by it as the basis for any market transactions in the securities of the Company unless and until such information is
generally available to the public. Each selling Holder of such Registrable Securities and each such Participating Broker-Dealer will be required to further agree that it will, upon learning that disclosure of
such Records is sought in a court of competent jurisdiction, give notice to the Company and allow the Company to undertake appropriate action to prevent disclosure 

  
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of the Records deemed confidential at each of the Company’s and the Subsidiary Guarantors’ sole expense. 

(p) Provide an indenture trustee for the Registrable Securities or the Exchange Securities, as the case may be, and cause the
Indenture or the trust indenture provided for in Section 2(a) hereof, as the case may be, to be qualified under the TIA not later than the effective date of the Exchange Offer or the first Registration Statement relating to the Registrable
Securities; and in connection therewith, cooperate with the trustee under any such indenture and the Holders of the Registrable Securities, to effect such changes to such indenture as may be required for such indenture to be so qualified in
accordance with the terms of the TIA; and execute, and use its commercially reasonable efforts to cause such trustee to execute, all documents as may be required to effect such changes and all other forms and documents required to be filed with the
SEC to enable such indenture to be so qualified in a timely manner. 
 (q) Comply in all material respects with all
applicable rules and regulations of the SEC and make generally available to its securityholders earning statements satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under
the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) (i) commencing at the end of any fiscal quarter in which Registrable Securities are
sold to underwriters in a firm commitment or commercially reasonable efforts underwritten offering and (ii) if not sold to underwriters in such an offering, commencing on the first day of the first fiscal quarter of the Company and the
Subsidiary Guarantors after the effective date of a Registration Statement, which statements shall cover said 12-month periods. 

(r) Upon consummation of an Exchange Offer or a Private Exchange, obtain an opinion of counsel to the Company and the
Subsidiary Guarantors, who may, at the Company’s and the Subsidiary Guarantors’ election, be internal counsel to the Company and the Subsidiary Guarantors, in a form customary for underwritten transactions, addressed to the Trustee for the
benefit of all Holders of Registrable Securities participating in the Exchange Offer or the Private Exchange, as the case may be, that the Exchange Securities or Private Exchange Securities, as the case may be, and the related indenture constitute
legal, valid and binding obligations of the Company and the Subsidiary Guarantors, enforceable against the Company and the Subsidiary Guarantors in accordance with its respective terms, subject to customary exceptions and qualifications. 

(s) If an Exchange Offer or a Private Exchange is to be consummated, upon delivery of the Registrable Securities by Holders to
the Company (or to such other Person as directed by the Company) in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be, the Company shall mark, or cause to be marked, on such Registrable Securities that such
Registrable Securities are being cancelled in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be; in no event shall such Registrable Securities be marked as paid or otherwise satisfied. 

(t) Cooperate with each seller of Registrable Securities covered by any Registration Statement and each underwriter, if any,
participating in the disposition of such Registrable 

  
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Securities and their respective counsel in connection with any filings required to be made with the Financial Industry Regulatory Authority (“FINRA”). 

(u) Use their respective commercially reasonable efforts to take all other steps necessary or advisable to effect the
registration of the Registrable Securities covered by a Registration Statement contemplated hereby. 
 The Company and the Subsidiary
Guarantors may require each seller of Registrable Securities as to which any registration is being effected to furnish to the Company and the Subsidiary Guarantors such information regarding such seller and the distribution of such Registrable
Securities as the Company and the Subsidiary Guarantors may, from time to time, reasonably request. The Company and the Subsidiary Guarantors may exclude from such registration the Registrable Securities of any seller who unreasonably fails to
furnish such information within a reasonable time after receiving such request and in such event shall have no further obligation under this Agreement (including, without limitation, obligations under Section 4 hereof) with respect to such
seller or any subsequent holder of such Registrable Securities. Each seller as to which any Shelf Registration Statement is being effected agrees to furnish promptly to the Company and the Subsidiary Guarantors all information required to be
disclosed in order to make the information previously furnished to the Company and the Subsidiary Guarantors by such seller not materially misleading. 

Each Holder of Registrable Securities and each Participating Broker-Dealer agrees by acquisition of
such Registrable Securities or Exchange Securities to be sold by such Participating Broker-Dealer, as the case may be, that, upon actual receipt of any notice from the Company of the happening of any event of
the kind described in Sections 5(c)(ii), 5(c)(iv), 5(c)(v) or 5(c)(vi) hereof, such Holder will forthwith discontinue disposition of such Registrable Securities covered by such Registration Statement or Prospectus or Exchange Securities to be sold
by such Holder or Participating Broker-Dealer, as the case may be, until such Holder’s or Participating Broker-Dealer’s receipt of the copies of the
supplemented or amended Prospectus contemplated by Section 5(k) hereof, or until it is advised in writing (the “Advice”) by the Company that the use of the applicable Prospectus may be resumed, and has received copies of any
amendments or supplements thereto. During any such discontinuance, no Additional Interest shall accrue or otherwise be payable on the Registrable Securities. In the event that the Company shall give any such notice, each of the Effectiveness Period
and the Applicable Period shall be extended by the number of days during such periods from and including the date of the giving of such notice to and including the date when each seller of Registrable Securities covered by such Registration
Statement or Exchange Securities to be sold by such Participating Broker-Dealer, as the case may be, shall have received (x) the copies of the supplemented or amended Prospectus contemplated by
Section 5(k) hereof or (y) the Advice. 
  

	6.	Registration Expenses 

 (a) All fees and expenses incident to the performance of
or compliance with this Agreement by the Company and the Subsidiary Guarantors shall be borne by the Company and the Subsidiary Guarantors whether or not the Exchange Offer or a Shelf Registration Statement is filed or becomes effective, including,
without limitation, (i) all registration and filing fees (including, without limitation, (A) fees with respect to filings required to be made with the FINRA in connection with an underwritten offering and (B) fees and expenses of
compliance with state securities or Blue Sky 

  
 -18- 








 
memoranda and any supplements thereto, not to exceed $15,000 in the aggregate, in connection with Blue Sky qualifications of the Registrable Securities or Exchange Securities and determination of
the eligibility of the Registrable Securities or Exchange Securities for investment under the laws of such jurisdictions (x) where the holders of Registrable Securities are located, in the case of the Exchange Securities, or (y) as
provided in Section 5(h) hereof, in the case of Registrable Securities or Exchange Securities to be sold by a Participating Broker-Dealer during the Applicable Period)), (ii) printing expenses,
including, without limitation, expenses of printing certificates for Registrable Securities or Exchange Securities in a form eligible for deposit with The Depository Trust Company and of printing prospectuses if the printing of prospectuses is
requested by the managing underwriter or underwriters, if any, by the Holders of a majority in aggregate principal amount of the Registrable Securities included in any Registration Statement or sold by any Participating Broker-Dealer, as the case may be, (iii) reasonable messenger, telephone and delivery expenses, (iv) fees and disbursements of counsel for the Company and reasonable fees and disbursements of special
counsel for the sellers of Registrable Securities (subject to the provisions of Section 6(b) hereof), (v) fees and disbursements of all independent certified public accountants referred to in Section 5(n)(iii) hereof (including,
without limitation, the expenses of any special audit and “cold comfort” letters required by or incident to such performance), (vi) rating agency fees, if any, and any fees associated with making the Registrable Securities or Exchange
Securities eligible for trading through The Depository Trust Company, (vii) Securities Act liability insurance, if the Company desires such insurance, (viii) fees and expenses of all other Persons retained by the Company,
(ix) internal expenses of the Company (including, without limitation, all salaries and expenses of officers and employees of the Company performing legal or accounting duties), (x) the expense of any annual audit, (xi) the fees and
expenses incurred in connection with the listing of the securities to be registered on any securities exchange, if applicable, and (xii) the expenses relating to printing, word processing and distributing of all Registration Statements,
underwriting agreements, securities sales agreements, indentures and any other documents necessary to comply with this Agreement. 
 (b) The
Company and the Subsidiary Guarantors shall reimburse the Holders of the Registrable Securities being registered in a Shelf Registration Statement for the reasonable fees and disbursements of not more than one counsel chosen by the Holders of a
majority in aggregate principal amount of the Registrable Securities to be included in such Registration Statement; provided that the Issuers shall not be liable for any fees and disbursements of such counsel in excess of $25,000 in the
aggregate. 
  

	7.	Indemnification 

 (a) Each of the Company and the Subsidiary Guarantors agrees to
indemnify and hold harmless each Holder of Registrable Securities offered pursuant to a Shelf Registration Statement and each Participating Broker-Dealer selling Exchange Securities during the Applicable
Period, the officers and directors of each such Person or its affiliates, and each other Person, if any, who controls any such Person or its affiliates within the meaning of either Section 15 of the Securities Act or Section 20 of the
Exchange Act (each, a “Participant”), from and against any and all losses, claims, damages and liabilities (including, without limitation, the reasonable legal fees and other expenses actually incurred in connection with any suit,
action or proceeding or any claim asserted) caused by, arising out of or based upon any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement pursuant to which the offering of such Registrable
Securities or Exchange 

  
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Securities, as the case may be, is registered (or any amendment thereto) or related Prospectus (or any amendments or supplements thereto) or any related preliminary prospectus, or caused by,
arising out of or based upon any omission or alleged omission to state therein 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;
provided, however, that none of the Company and the Subsidiary Guarantors will be required to indemnify a Participant if (i) such losses, claims, damages or liabilities are caused by any untrue statement or omission or alleged
untrue statement or omission made in reliance upon and in conformity with information relating to any Participant furnished to the Company in writing by or on behalf of such Participant expressly for use therein or (ii) if such Participant sold
to the person asserting the claim the Registrable Securities or Exchange Securities that are the subject of such claim and such untrue statement or omission or alleged untrue statement or omission was contained or made in any preliminary prospectus
and corrected in the Prospectus or any amendment or supplement thereto and the Prospectus does not contain any other untrue statement or omission or alleged untrue statement or omission of a material fact that was the subject matter of the related
proceeding and such Participant failed to deliver or provide a copy of the Prospectus (as amended or supplemented) to such Person with or prior to the confirmation of the sale of such Registrable Securities or Exchange Securities sold to such Person
if required by applicable law, unless such failure to deliver or provide a copy of the Prospectus (as amended or supplemented) was a result of noncompliance by the Company with Section 5 of this Agreement. 

(b) Each Participant agrees, severally and not jointly, to indemnify and hold harmless the Company and each of the Subsidiary Guarantors, the
Company’s directors and officers, each Guarantor’s directors and officers and each Person who controls the Company and the Subsidiary Guarantors within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act to the same extent as the foregoing indemnity from the Company to each Participant, but only (i) with reference to information relating to such Participant furnished to the Company in writing by or on behalf of such Participant expressly
for use in any Registration Statement or Prospectus, any amendment or supplement thereto or any preliminary prospectus or (ii) with respect to any untrue statement or representation made by such Participant in writing to the Company. The
liability of any Participant under this paragraph shall in no event exceed the proceeds received by such Participant from sales of Registrable Securities or Exchange Securities giving rise to such obligations. 

(c) If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted
against any Person in respect of which indemnity may be sought pursuant to either of the two preceding paragraphs, such Person (the “Indemnified Person”) shall promptly notify the Person against whom such indemnity may be sought
(the “Indemnifying Person”) in writing, and the Indemnifying Person, upon request of the Indemnified Person, shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others
the Indemnifying Person may reasonably designate in such proceeding and shall pay the reasonable fees and expenses actually incurred by such counsel related to such proceeding; provided, however, that the failure to so notify the
Indemnifying Person shall not relieve it of any obligation or liability that it may have hereunder or otherwise (unless and only to the extent that such failure directly results in the loss or compromise of any material rights or defenses by the
Indemnifying Person and the Indemnifying Person was not otherwise aware of such action or claim). In any such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at
the expense of such Indemnified Person unless (i) the 

  
 -20- 








 
Indemnifying Person and the Indemnified Person shall have mutually agreed in writing to the contrary, (ii) the Indemnifying Person shall have failed within a reasonable period of time to
retain counsel reasonably satisfactory to the Indemnified Person or (iii) the named parties in any such proceeding (including any impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation of both
parties by the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood that, unless there exists a conflict among Indemnified Persons, the Indemnifying Person shall not, in connection with
any one such proceeding or separate but substantially similar related proceeding in the same jurisdiction arising out of the same general allegations, be liable for the fees and expenses of more than one separate firm (in addition to any local
counsel) for all Indemnified Persons, and that all such fees and expenses shall be reimbursed promptly as they are incurred. Any such separate firm for the Participants and such control Persons of Participants shall be designated in writing by
Participants who sold a majority in interest of Registrable Securities and Exchange Securities sold by all such Participants and any such separate firm for the Company, its directors, its officers and such control Persons of the Company shall be
designated in writing by the Company. The Indemnifying Person shall not be liable for any settlement of any proceeding effected without its prior written consent, but if settled with such consent or if there be a final
non-appealable judgment for the plaintiff for which the Indemnified Person is entitled to indemnification pursuant to this Agreement, the Indemnifying Person agrees to indemnify and hold harmless each
Indemnified Person from and against any loss or liability by reason of such settlement or judgment. No Indemnifying Person shall, without the prior written consent of the Indemnified Person (which consent shall not be unreasonably withheld or
delayed), effect any settlement or compromise of any pending or threatened proceeding in respect of which any Indemnified Person is or could have been a party, and indemnity could have been sought hereunder by such Indemnified Person, unless such
settlement (A) includes an unconditional written release of such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims that are the subject matter of such proceeding and
(B) does not include any statement as to an admission of fault, culpability or failure to act by or on behalf of any Indemnified Person. 

(d) If the indemnification provided for in the first and second paragraphs of this Section 7 is for any reason unavailable to, or
insufficient to hold harmless, an Indemnified Person in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraphs, in lieu of indemnifying such Indemnified Person thereunder and in
order to provide for just and equitable contribution, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities in such proportion as is appropriate to reflect the relative
fault of the Indemnifying Person or Persons on the one hand and the Indemnified Person or Persons on the other in connection with the statements or omissions or alleged statements or omissions that resulted in such losses, claims, damages or
liabilities (or actions in respect thereof). The relative fault of the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a
material fact relates to information supplied by the Company and the Subsidiary Guarantors on the one hand or such Participant or such other Indemnified Person, as the case may be, on the other, the parties’ relative intent, knowledge, access
to information and opportunity to correct or prevent such statement or omission, and any other equitable considerations appropriate in the circumstances. 

  
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 (e) The parties agree that it would not be just and equitable if contribution pursuant to this
Section 7 were determined by pro rata allocation (even if the Participants were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in the
immediately preceding paragraph. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations
set forth above, any reasonable legal or other expenses actually incurred by such Indemnified Person in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 7, in no event shall a
Participant be required to contribute any amount in excess of the amount by which proceeds received by such Participant from sales of Registrable Securities or Exchange Securities, as the case may be, exceeds the amount of any damages that such
Participant has otherwise been required to pay or has paid by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 
 (f) The
indemnity and contribution agreements contained in this Section 7 will be in addition to any liability that the Indemnifying Persons may otherwise have to the Indemnified Persons referred to above. 

 

	8.	Rule 144 and 144A 

 The Company and the Subsidiary Guarantors covenant that they
will file the reports required to be filed by it under the Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder in a timely manner in accordance with the requirements of the Securities Act and the Exchange
Act and, if at any time the Company and the Subsidiary Guarantors not required to file such reports, they will, upon the request of any Holder of Registrable Securities, make publicly available annual reports and such information, documents and
other reports of the type specified in Sections 13 and 15(d) of the Exchange Act. The Company and the Subsidiary Guarantors further covenant for so long as any Registrable Securities remain outstanding, to make available to any Holder or beneficial
owner of Registrable Securities in connection with any sale thereof and any prospective purchaser of such Registrable Securities from such Holder or beneficial owner the information required by Rule 144A(d)(4) under the Securities Act in order to
permit resales of such Registrable Securities pursuant to Rule 144A. 
  

	9.	Underwritten Registrations 

 If any of the Registrable Securities covered by any
Shelf Registration Statement are to be sold in an underwritten offering, the investment banker or investment bankers and manager or managers that will manage the offering will be selected by the Holders of a majority in aggregate principal amount of
such Registrable Securities included in such offering and reasonably acceptable to the Company and the Subsidiary Guarantors. 
 No Holder
of Registrable Securities may participate in any underwritten registration hereunder unless such Holder (a) agrees to sell such Holder’s Registrable Securities on the basis provided in any underwriting arrangements approved by the Persons
entitled hereunder to approve such 

  
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arrangements and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting
arrangements. 
  

	10.	Miscellaneous 

 (a) No Inconsistent Agreements . The Company and the
Subsidiary Guarantors have not entered into, as of the date hereof, and shall not, after the date of this Agreement, enter into any agreement with respect to any of the Company’s securities that is inconsistent with the rights granted to the
Holders of Registrable Securities in this Agreement or otherwise conflicts with the provisions hereof. The Company and the Subsidiary Guarantors have not entered and will not enter into any agreement with respect to any of the Company’s
securities that will grant to any Person piggy-back registration rights with respect to a Registration Statement. 
 (b) Adjustments
Affecting Registrable Securities . The Company and the Subsidiary Guarantors shall not, directly or indirectly, take any action with respect to the Registrable Securities as a class that would adversely affect the ability of the Holders of
Registrable Securities to include such Registrable Securities in a registration undertaken pursuant to this Agreement. 
 (c) Amendments
and Waivers . The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, otherwise than with the prior written consent of the Holders of not
less than a majority in aggregate principal amount of the then outstanding Registrable Securities. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the
rights of Holders of Registrable Securities whose securities are being sold pursuant to a Registration Statement and that does not directly or indirectly affect, impair, limit or compromise the rights of other Holders of Registrable Securities may
be given by Holders of at least a majority in aggregate principal amount of the Registrable Securities being sold by such Holders pursuant to such Registration Statement; provided, however, that the provisions of this sentence may not be amended,
modified or supplemented except in accordance with the provisions of the immediately preceding sentence. 
 (d) Notices . All notices
and other communications (including without limitation any notices or other communications to the Trustee) provided for or permitted hereunder shall be made in writing by hand-delivery, registered first-class mail,
next-day air courier or facsimile: 
 1. if to a Holder of the Registrable Securities or any
Participating Broker-Dealer, at the most current address of such Holder or Participating Broker-Dealer, as the case may be, set forth on the records of the registrar
under the Indenture, with a copy in like manner to the Initial Purchasers as follows: 
 Deutsche Bank Securities Inc. 

60 Wall Street 

New York, NY 10005 

Facsimile No.: (212) 797-4877 

Attention: Leverage Debt Capital Markets 

  
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 2. if to the Initial Purchasers, at the addresses specified in Section 10(d)(1) 

3. if to the Company, at the address as follows: 

Mobile Mini, Inc. 

4646 East Van Buren, Suite 400 

Phoenix, AZ 85008 

Facsimile No.: (480) 894-6433 

Attention: Christopher Miner 

with a copy to: 

DLA Piper LLP (US) 

2525 East Camelback Road 

Suite 1000 

Phoenix, Arizona 85016 

Facsimile No.: (480) 606-5528 

Attention: Gregory R. Hall 

All such notices and communications shall be deemed to have been duly given: when delivered by hand, if personally delivered; five Business
Days after being deposited in the mail, postage prepaid, if mailed; one Business Day after being timely delivered to a next-day air courier; and when receipt is acknowledged by the addressee, if sent by
facsimile. 
 Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to
the Trustee at the address and in the manner specified in such Indenture. 
 (e) Successors and Assigns . This Agreement shall inure
to the benefit of and be binding upon the successors and assigns of each of the parties hereto; provided, however, that this Agreement shall not inure to the benefit of or be binding upon a successor or assign of a Holder unless and to the extent
such successor or assign holds Registrable Securities. 
 (f) Counterparts . This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

(g) Headings . The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning
hereof. 
 (h) Governing Law . THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED WHOLLY WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. EACH OF THE PARTIES HERETO AGREES TO SUBMIT TO THE JURISDICTION OF THE COURTS OF THE


  
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STATE OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT. 

(i) Severability . If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be
invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall
use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be
the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable. 

(j) Securities Held by the Company and the Subsidiary Guarantors or their Respective Affiliates . Whenever the consent or approval of
Holders of a specified percentage of Registrable Securities is required hereunder, Registrable Securities held by the Company and the Subsidiary Guarantors or their respective affiliates (as such term is defined in Rule 405 under the Securities Act)
shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 
 (k) Third
Party Beneficiaries . Holders of Registrable Securities and Participating Broker-Dealers are intended third party beneficiaries of this Agreement and this Agreement may be enforced by such Persons. 

(l) Entire Agreement . This Agreement, together with the Purchase Agreement and the Indenture, is intended by the parties as a final
and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein and therein and any and all prior oral or written agreements, representations, or warranties, contracts,
understandings, correspondence, conversations and memoranda between the Initial Purchasers on the one hand and the Company and the Subsidiary Guarantors on the other, or between or among any agents, representatives, parents, subsidiaries,
affiliates, predecessors in interest or successors in interest with respect to the subject matter hereof and thereof are merged herein and replaced hereby. 

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

  

					
	MOBILE MINI, INC.
		
	By: 	 	/s/ Mark E. Funk
		 	Name:	 	Mark E. Funk
		 	Title:	 	Executive Vice President and Chief Financial Officer


  

					
	EACH GUARANTOR LISTED IN SCHEDULE 1 HERETO
		
	By: 	 	/s/ Erik Olsson
		 	Name:	 	Erik Olsson
		 	Title:	 	Chief Executive Officer



  
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	 DEUTSCHE BANK SECURITIES INC.,
 on
behalf of the several Initial Purchasers named on Schedule II to the Purchase Agreement

		
	By:	 	/s/ Christopher Blum
		 	Name: Christopher Blum
		 	Title: Managing Director
		
	By:	 	/s/ Sandeep Desai
		 	Name: Sandeep Desai
		 	Title: Managing Director


  
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 SCHEDULE 1 

Subsidiary Guarantors 
  

			
	 Name
	  	Jurisdiction of
Incorporation/Organization
		
	Mobile Storage Group, Inc.	  	Delaware
	Mobile Mini, LLC	  	Delaware
	Mobile Mini Finance, LLC	  	Delaware
	Evergreen Tank Solutions, Inc.	  	Delaware
	Gulf Tanks Holdings, Inc.	  	Delaware
	Sbox Storage, LLC	  	Delaware
	Mobile Mini I, Inc.	  	Arizona
	Mobile Mini Dealer, Inc.	  	Arizona
	Water Movers, Inc.	  	Arizona
	Water Movers Contracting, LLC	  	Arizona
	MSG MMI (Texas) L.P.	  	Texas
	MSG Investments, Inc.	  	California
	Mobile Mini, LLC	  	California
	A Better Mobile Storage Company	  	California
	A Royal Wolf Portable Storage, Inc.	  	California
	Temporary Mobile Storage, Inc.	  	California


  
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