Document:

____________________________________________________________________________________________________

                                                                                        Exhibit 10.2

                                                FORM OF PHOENIX

                                           LONG-TERM INCENTIVE CYCLE

                                                                                     [LOGO]PHOENIX(R)

____________________________________________________________________________________________________

                                                 [Year]-[Year]
                                           LONG-TERM INCENTIVE CYCLE

                                                    PURPOSE

Long-term incentive (LTI) compensation provides a method for linking the total compensation of key
executives to the long-term results of The Phoenix Companies, Inc. (the "Company") and to the
drivers of shareholder value.

Incentives provided under this program are designed to deliver equity-based awards to participants,
using Restricted Stock Units ("RSUs"), provided certain performance objectives are met over the
course of a [__]-year measurement period. An RSU represents the right to receive one share of The
Phoenix Companies, Inc. common stock ("PNX Stock").

                                              BASIC PLAN CONCEPTS

Eligibility:
Eligibility is limited to (1) key executives in a position to substantially influence the long-term
direction and success of the Company and (2), other employees, in each case determined at the
discretion of the CEO or the Compensation Committee of the Board of Directors ("Committee").

Target Incentive Awards:
Participants in the [year]-[year] incentive cycle are provided a contingent grant of RSUs to be
earned at the end of the [__]-year period ending [date] (the "Performance Cycle") based on
achievement of specified performance objectives. At the beginning of the Performance Cycle, the
target number of contingent RSUs ("Target RSUs") for each participant is determined as follows:

    ________________________________________________________________________________________________

        Your LTI Target    X    Your Salary as    ÷   PNX Stock Price   =  Target
            (% of Salary)             of [Date]              on [Date]          RSUs

    ________________________________________________________________________________________________

    Target RSUs are rounded to the nearest whole RSU.

     For employees who become eligible for participation during the first year of the Performance
     Cycle, the Target RSUs to be granted will be prorated based on the number of months as a
     participant during the Performance Cycle and the closing price of PNX Stock on the first day of
     the first month of eligibility.

    ________________________________________________________________________________________________

The number of RSUs that may be earned, if any, at the end of the Performance Cycle could be higher
or lower than your Target RSUs, depending on the extent to which the performance objectives are
achieved.

                                                    2

Performance Criteria:
For the [year]-[year] Performance Cycle, Return on Equity (ROE) is the measure we will use to
determine award levels. The target average ROE for this Performance Cycle as well as the potential
number of RSUs awarded at the end of the Performance Cycle is set forth on your [Year]-[Year]
Long-Term Incentive Award Worksheet, attached as a Schedule to your award letter.

The value of your award will vary depending on the actual number of RSUs earned and the market value
of PNX Stock at the end of the Performance Cycle. See your [Year]-[Year] Long-Term Incentive Award
Worksheet for an illustration of potential award values.

Actual Award Determination:
The actual RSU award determination will be made in the first quarter following the end of the
Performance Cycle based on actual ROE results. All awards must be approved by the CEO or the
Committee, as required. The Committee retains the authority to reduce the awards if circumstances
warrant (e.g. initial targets are deemed too low or events not core to the business create a
favorable result). Additionally, at the discretion of the Committee, a top performer pool may be
established at 25% of target if threshold performance criteria is not met.

Payment of Awards and Retention Requirements:
RSUs will convert into shares of PNX Stock in the first quarter of [Year], immediately following
final award determination. Receipt of PNX Stock is taxable as ordinary income in the year received.
Also, you will be required to hold a fixed percentage of the shares of PNX Stock received based upon
your share ownership and retention guidelines, and you will be able to sell the remaining shares
upon receipt. Your share ownership guideline and retention ratios are reflected on your
[Year]-[Year] Long-Term Incentive Award Worksheet.

Deferring Awards:
The Company may provide you an opportunity to defer some or all of your award. You will be notified
of any such opportunity before the date required to effect a proper deferral election with respect
to your award.

Termination of Employment During the Performance Cycle:
If you terminate employment with the Company during this Performance Cycle due to death, disability
or "Approved Retirement" as defined under The Phoenix Companies, Inc. 2003 Restricted Stock,
Restricted Stock Unit and Long-Term Incentive Plan (the "Plan"), your award will be determined by
prorating the percentage of the target earned according to the number of months that you were
actively at work during the Performance Cycle. You will receive full credit for your last month even
if you only worked part of that month. Any RSUs awarded to such participants will be determined at
the same time as those for active participants of this plan and will not be subject to the retention
requirements. In the event of your death, any shares of PNX Stock that would have been issuable,
shall be delivered to your beneficiary or estate as soon as practical following the determination of
results.

If your employment with the Company is terminated during the Performance Cycle for any other reason,
you will not receive any RSUs in connection with this incentive.

                                                       3

Change of Control:
In the event of a Change of Control (as defined under the Plan), you will earn a portion of your
award determined by prorating the percentage of the target earned according to the number of
completed months prior to the Change of Control. Any remaining RSUs that are not earned at the date
of Change of Control shall automatically be cancelled.

Impact on Benefits:
Long-term incentive payments made under the Plan will not be used for determining pay-related
benefits under either qualified or nonqualified benefit plans maintained by the Company.

Administration:
The Committee is responsible for the administration of the Plan. Subject to the terms of the Plan,
the Committee is authorized to interpret, prescribe, amend and rescind rules relating to the Plan,
and to make all other determinations necessary to carry out the terms of the Plan, including, but
not limited to (1) determination of any eligibility rules or conditions that may be required to be
satisfied (consistent with the terms and purposes of the Plan) following the Performance Cycle but
prior to the award payment date (such as, for example, a requirement that Participants are actively
at work and in good standing with the Company on the award payment date), and (2) any
determinations, amendments, or rules the Committee deems necessary or desirable to comply with the
requirements of Section 409A of the Internal Revenue Code and the regulations and pronouncements
thereunder, regardless of whether any such amendment would cause a reduction, delay, or cessation of
an award accrued prior to the adoption of such amendment.

Governing Plan Document:
The contingent grant of RSUs under the [Year]-[Year] Long Term Incentive cycle, and any
corresponding RSUs actually awarded or PNX Stock actually issued in connection with this incentive
cycle, are governed by the terms of The Phoenix Companies, Inc. 2003 Restricted Stock, Restricted
Stock Unit, and Long-Term Incentive Plan (the "Plan"). Any inconsistency between this document and
that of the Plan will be governed by the Plan.

                                                       4EX-10.01

 

Exhibit 10.01

EXECUTION COPY

INVESTOR RIGHTS AGREEMENT

BY AND AMONG

NRG ENERGY, INC.

AND

CERTAIN STOCKHOLDERS

OF NRG ENERGY, INC.

SET FORTH ON

ANNEX A HERETO,

DATED AS OF FEBRUARY 2, 2006

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	PAGE
	 
	 	 	 	 
	ARTICLE I

	 
	 	 	 	 
	DEFINITIONS

	 
	 	 	 	 
	SECTION 1.1 Certain Defined Terms

	 	 	1	 
	SECTION 1.2 Other Definitional Provisions

	 	 	5	 
	 
	 	 	 	 
	ARTICLE II

	 
	 	 	 	 
	RESTRICTIONS ON TRANSFER; ACCESS RIGHTS

	 
	 	 	 	 
	SECTION 2.1 Transfer of the Registrable Securities

	 	 	5	 
	SECTION 2.2 Restrictive Legends

	 	 	5	 
	SECTION 2.3 Transfers Not In Compliance

	 	 	6	 
	SECTION 2.4 Restriction on Certain Transactions

	 	 	6	 
	SECTION 2.5 Management Rights.

	 	 	6	 
	 
	 	 	 	 
	ARTICLE III

	 
	 	 	 	 
	REGISTRATION RIGHTS WITH RESPECT TO

	THE REGISTRABLE SECURITIES

	 
	 	 	 	 
	SECTION 3.1 Shelf Registration Statement

	 	 	8	 
	SECTION 3.2 Incidental Registrations	 	 	11	 
	 
	 	 	 	 
	ARTICLE IV

	 
	 	 	 	 
	REGISTRATION PROCEDURES

	 
	 	 	 	 
	SECTION 4.1 Registration Procedures

	 	 	12	 
	SECTION 4.2 Information Supplied

	 	 	15	 
	SECTION 4.3 Restrictions on Disposition

	 	 	15	 
	SECTION 4.4 Indemnification

	 	 	15	 
	SECTION 4.5 Required Reports

	 	 	18	 
	SECTION 4.6 Selection of Counsel

	 	 	18	 
	SECTION 4.7 Holdback Agreement

	 	 	19	 
	SECTION 4.8 No Inconsistent Agreement

	 	 	19	 
	 
	 	 	 	 
	ARTICLE V

	 
	 	 	 	 
	STANDSTILL

	SECTION 5.1 Acquisition of Additional Voting Securities

	 	 	19	 

i

 

	 	 	 	 	 
	ARTICLE VI

	 
	 	 	 	 
	MISCELLANEOUS

	 
	 	 	 	 
	SECTION 6.1 Termination

	 	 	20	 
	SECTION 6.2 Amendments and Waivers

	 	 	20	 
	SECTION 6.3 Successors, Assigns; Transferees and Third Party Beneficiaries

	 	 	20	 
	SECTION 6.4 Notices

	 	 	21	 
	SECTION 6.5 Further Assurances

	 	 	21	 
	SECTION 6.6 Entire Agreement

	 	 	21	 
	SECTION 6.7 Delays or Omissions

	 	 	22	 
	SECTION 6.8 Governing Law; Jurisdiction; Waiver of Jury Trial

	 	 	22	 
	SECTION 6.9 Severability

	 	 	22	 
	SECTION 6.10 Effective Date

	 	 	22	 
	SECTION 6.11 Enforcement

	 	 	22	 
	SECTION 6.12 Titles and Subtitles

	 	 	22	 
	SECTION 6.13 No Recourse

	 	 	22	 
	SECTION 6.14 Counterparts; Facsimile Signatures

	 	 	23	 

ii

 

INVESTOR RIGHTS AGREEMENT

          THIS INVESTOR RIGHTS AGREEMENT (this “Agreement”) is entered into as of February 2,
2006, by and among NRG Energy, Inc. a Delaware corporation (the “Company”), and certain
stockholders of the Company set forth on Annex A hereto (each, together with any Permitted
Assignee (as defined in and subject to the limitations in Section 6.3), a “Stockholder”,
and collectively the “Stockholders”).

W I T N E S S E T H:

          WHEREAS, pursuant to the Acquisition Agreement, dated as of September 30, 2005 (the
“Purchase Agreement”), by and among the Company and the Stockholders, the Company acquired
all of the Units of Texas Genco LLC, a Delaware limited liability company (“Genco”), by
purchasing from the Stockholders all of the equity interests in Genco held directly or indirectly
by the Stockholders;

          WHEREAS, as a result of and immediately following the consummation of the transactions
contemplated by the Purchase Agreement, each Stockholder owns the number of Registrable Securities
set forth on Annex A hereto; and

          WHEREAS, in connection with the consummation of the transactions contemplated by the Purchase
Agreement, the Company and each Stockholder desires to enter into this Agreement to set forth
certain rights and obligations of the Company and the Stockholders with respect to the ownership by
the Stockholders of the Company’s securities and certain other matters, all in accordance with the
terms and conditions set forth herein.

          NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:

ARTICLE I

DEFINITIONS

          SECTION 1.1 Certain Defined Terms. Capitalized terms used and not otherwise defined herein
shall have the respective meanings ascribed to such terms in the Purchase Agreement. For purposes
of this Agreement, the following terms shall have the following meanings:

          “Acquisition” has the meaning assigned to such term in Section 5.1(a).

          “Affiliate” means, with respect to any Person, any other Person that directly or
indirectly through one or more intermediaries, controls, is controlled by or is under common
control with, such specified Person, for so long as such Person remains so associated to the
specified Person.

 

 

          “beneficial owner” or “beneficially own” has the meaning given such term in
Rule 13d-3 under the Exchange Act and a Person’s beneficial ownership of either Common Stock or
Preferred Stock or other voting securities of the Company shall be calculated in accordance with
the provisions of such Rule; provided, however, that for purposes of determining
beneficial ownership, a Person shall be deemed to be the beneficial owner of any security which may
be acquired by such Person whether within sixty (60) days or thereafter, upon the conversion,
exchange or exercise of any options, rights or other securities.

          “Business Day” means any day other than a day on which banks are required or
authorized by law to be closed in the State of New York.

          “Capital Stock” means, with respect to any Person at any time, any and all shares,
interests, participations or other equivalents (however designated, whether voting or non-voting)
of capital stock, partnership interests (whether general or limited) or equivalent ownership
interests in or issued by such Person and, with respect to the Company, includes any and all shares
of Common Stock, Preferred Stock and any other equity interests of the Company.

          “Claims” has the meaning assigned to such term in Section 4.4(a).

          “Closing” has the meaning assigned to such term in the Purchase Agreement.

          “Closing Date” has the meaning assigned to such term in the Purchase Agreement.

          “Common Stock” means the common stock, par value $0.01 per share, of the Company and
any securities issued in respect thereof, or in substitution therefor, in connection with any stock
split, dividend, spin-off or combination, or any reclassification, recapitalization, merger,
consolidation, exchange or other similar reorganization or business combination.

          “Company Board” means the Board of Directors of the Company.

          “Company Offering” means any public offering of securities of the Company, in whole or
in part, by the Company (other than in connection with employee benefit and similar plans or
pursuant to Form S-4).

          “control” (including the terms “controlled by” and “under common control
with”), with respect to the relationship between or among two or more Persons, means the
possession, directly or indirectly, of the power to direct or cause the direction of the affairs or
management of a Person, whether through the ownership of voting securities, as trustee or executor,
by contract or otherwise.

          “Equity Securities” means with respect to the Company, any and all shares of Capital
Stock of the Company or securities of the Company, options or other rights convertible into, or
exchangeable or exercisable for, such shares.

          “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules
and regulations promulgated thereunder.

2

 

          “Fund Stockholder” means each Person that is intended to qualify as a “venture capital
operating company” under the Regulation and is listed on Annex B hereto.

          “Group” has the meaning assigned to such term in Section 13(d)(3) of the Exchange Act.

          “incur” or “incurrence” means to incur, create, assume, guarantee or otherwise
become directly or indirectly liable with respect to.

          “Indemnified Parties” has the meaning assigned to such term in Section 4.4(a).

          “Law” has the meaning assigned to such term in the Securities Purchase Agreement.

          “Lock-Up Period” shall mean the period commencing on the Closing Date and ending on
the date that is 180 days after the Closing Date.

          “NASD” means the National Association of Securities Dealers, Inc.

          “NYSE” means The New York Stock Exchange, Inc.

          “Person” means any individual, corporation, limited liability company, limited or
general partnership, joint venture, association, joint-stock company, trust, unincorporated
organization, government or any agency or political subdivisions thereof or any Group comprised of
two or more of the foregoing.

          “Preferred Stock” means, collectively, the Cumulative Redeemable Preferred Stock, par
value $0.01 of the Company issued pursuant to the Purchase Agreement, if any.

          “Registrable Securities” means any Common Stock and Preferred Stock issued to any
Stockholder pursuant to the Purchase Agreement or subsequently issued with respect thereto. As to
any particular Registrable Securities held by and particular Stockholder, once issued, such
Registrable Securities shall cease to be Registrable Securities when (i) a registration statement
with respect to the sale by the Stockholder of such securities shall have become effective under
the Securities Act and such securities shall have been disposed of in accordance with such
registration statement, (ii) such securities shall have been distributed to the public pursuant to
Rule 144 (or any successor provision), (iii) with respect to the Common Stock or Preferred Stock,
as applicable, included in the Registrable Securities, the date on which all such Common Stock or
Preferred Stock may be freely sold publicly in a single quarter under Rule 144(k) (or any successor
provision) (assuming the “holding period” for purposes of Rule 144 commenced on the date hereof)
and the Company shall have issued to the applicable holder new unlegended shares and cancelled any
stop transfer restrictions or other restrictions with respect to such securities; or (iv) such
securities shall have ceased to be outstanding. For purposes of this Agreement, any required
calculation of the amount of, or percentage of, Registrable Securities shall be based on the number
of shares of Common Stock or Preferred Stock, as applicable, which are Registrable Securities.

3

 

          “Registration Expenses” means any and all expenses incident to performance of or
compliance with Articles III, IV and V of this Agreement, including (i) all SEC and NYSE or other
securities exchange or NASD registration and filing fees, (ii) all fees and expenses of complying
with securities or blue sky laws (including the reasonable fees and disbursements of counsel for
the underwriters in connection with blue sky qualifications of the Registrable Securities), (iii)
all printing, messenger and delivery expenses, (iv) all fees and expenses incurred in connection
with the listing of the Registrable Securities on the NYSE or any other securities exchange or the
NASD pursuant to this Agreement and all rating agency fees, (v) the fees and disbursements of
counsel for the Company and of the Company’s independent public accountants, including the expenses
of any special audits and/or “cold comfort” letters required by or incident to such performance and
compliance, (vi) the reasonable fees and disbursements of counsel selected pursuant to Section 4.6,
(vii) any reasonable fees and disbursements of underwriters and their counsel customarily paid by
the issuers or sellers of securities, and the reasonable fees and expenses of special experts
retained in connection with the requested registration, but excluding underwriting discounts and
commissions and transfer taxes, if any, and (viii) all expenses incurred in connection with any
road shows (including the reasonable out-of-pocket expenses of the holder of the applicable
Registrable Securities).

          “Regulation” has the meaning assigned to such term in Section 2.5(d).

          “Rule 144” means Rule 144 (or any successor provision) under the Securities Act.

          “SEC” means the U.S. Securities and Exchange Commission or any other federal agency
then administering the Securities Act or the Exchange Act and other federal securities laws.

          “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder.

          “Shelf Registration” has the meaning assigned to such term in Section 3.1.

          “Standstill Period” means the period commencing on the Closing Date and continuing
until the second anniversary of such date.

          “Subsidiary” means (i) any corporation of which a majority of the securities entitled
to vote generally in the election of directors thereof, at the time as of which any determination
is being made, are owned by another entity, either directly or indirectly, and (ii) any joint
venture, general or limited partnership, limited liability company or other legal entity in which
an entity is the record or beneficial owner, directly or indirectly, of a majority of the voting
interests or the general partner and, with respect to the Company.

          “Third Party” has the meaning assigned to such term in Section 5.1(b).

          “Transaction Agreements” shall mean the Purchase Agreement and all other agreements
contemplated by the transactions therein.

4

 

          “Transfer” shall mean any voluntary or involuntary attempt to, directly or indirectly
through the transfer of interests in controlled Affiliates or otherwise, offer, sell, assign, transfer, grant a participation in, pledge or otherwise dispose of any Registrable Securities,
or the consummation of any such transactions, or taking a pledge of any of the Registrable
Securities; provided, however, that an action that would otherwise constitute a
Transfer shall not be deemed to be a Transfer if it is undertaken solely to satisfy or rectify a
regulatory requirement or impediment, provided further that the actions taken to address such
requirement or impediment shall be limited to the minimum necessary to address or resolve the
requirement or impediment, such as taking steps to reduce or eliminate voting rights without
transferring economic benefits of ownership or, if such reduction or elimination of voting rights
does not address or resolve such requirement or impediment, transferring the minimum number of
securities sufficient to address or resolve the requirement or impediment.

          “Voting Securities” means, at any time, shares of any class of Equity Securities which
are then entitled to vote generally in the election of Directors.

          SECTION
1.2 Other Definitional Provisions. (a) The words “hereof”, “herein” and “hereunder”
and words of similar import when used in this Agreement shall refer to this Agreement as a whole
and not to any particular provision of this Agreement, and Article and Section references are to
this Agreement unless otherwise specified.

          (b) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

ARTICLE II

RESTRICTIONS ON TRANSFER; ACCESS RIGHTS

          SECTION 2.1 Transfer of the Registrable Securities. No Stockholder may Transfer any
Registrable Security without the Company’s written consent except (1) to any Affiliate of such
Stockholder who agrees to be bound by all of the provisions of this Agreement as a Stockholder
(subject to Section 6.3) or (2) upon the expiration of the Lock-Up Period and:

               (a) pursuant to an effective registration statement under the Securities Act;

               (b) pursuant to Rule 144; or

               (c) upon receipt by the Company of an opinion of counsel, delivered by such Stockholder and
reasonably satisfactory to the Company, that such Transfer is exempt from registration under the
Securities Act.

          SECTION 2.2 Restrictive Legends. Each Stockholder hereby acknowledges and agrees that,
during the term of this Agreement, each of the certificates or book-entry confirmations
representing Registrable Securities shall be subject to stop transfer instructions and shall
include the applicable portion(s) of the legends set forth below:

5

 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE OR CONFIRMATION HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT BE TRANSFERRED, SOLD,
ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF (“TRANSFERRED”) EXCEPT PURSUANT TO
AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN EXEMPTION FROM REGISTRATION
THEREUNDER. THE SECURITIES REPRESENTED BY THIS CERTIFICATE OR CONFIRMATION ARE SUBJECT TO
THE TERMS OF THE INVESTOR RIGHTS AGREEMENT, DATED AS OF FEBRUARY 2, 2006, AND MAY NOT BE
TRANSFERRED UNLESS SUCH TRANSFER COMPLIES WITH THE PROVISIONS OF SUCH INVESTOR RIGHTS
AGREEMENT. A COPY OF SUCH INVESTOR RIGHTS AGREEMENT IS ON FILE WITH THE SECRETARY OF NRG
ENERGY, INC. AND IS AVAILABLE WITHOUT CHARGE UPON WRITTEN REQUEST THEREFOR. THE HOLDER OF
THESE SHARES, BY ACCEPTANCE OF THIS CERTIFICATE OR CONFIRMATION, AGREES TO BE BOUND BY ALL
OF THE PROVISIONS OF THE AFORESAID AGREEMENT.”

The certificates or book-entry confirmations representing such Registrable Securities shall be
replaced, at the expense of the Company, with certificates or book-entry confirmations not bearing
the legend required by this Section 2.2 and any such stop transfer restrictions shall be cancelled,
upon (i) the Transfer of Registrable Securities in compliance with Section 2.1 above or (ii) the
applicability of clause (iii) of the definition of “Registrable Security” with respect to the
Common Stock and/or Preferred Stock, as applicable.

     SECTION 2.3 Transfers Not In Compliance. A purported or attempted Transfer of Registrable
Securities by a Stockholder that does not comply with this Agreement shall be void ab initio and
the purported transferee or successor by operation of law shall not be deemed to be a stockholder
of the Company for any purpose and shall not be entitled to any of the rights of a stockholder,
including, without limitation, the right to vote any Registrable Securities entitled to vote or to
receive a certificate or certificates for the Registrable Securities or any dividends or other
distributions on or with respect to the Registrable Securities.

     SECTION 2.4 Restriction on Certain Transactions. From and after the date hereof until the
expiration of the Lock-Up Period, each Stockholder hereby covenants and agrees that such
Stockholder shall not, directly or indirectly, enter into any transaction with respect to the
Common Stock or Preferred Stock designed to reduce its risk relative to its position as a holder of
Common Stock or Preferred Stock, without the Company’s written consent.

     SECTION 2.5 Management Rights. On the date hereof, and for so long as a Fund Stockholder
directly or through one or more conduit subsidiaries owns any Common Stock or Preferred Stock or
any other interests in the Company, each Fund Stockholder will be entitled to the following
contractual management rights:

          (a) Financial Statements and Other Information. The Company shall deliver to each Fund
Stockholder:

6

 

               (i) as soon as available and in any event within 45 days after the end of each
of the first three quarters of each fiscal year of the Company, consolidated balance
sheets of the Company and its subsidiaries as of the end of such period, and
consolidated statements of income and cash flows of the Company and its subsidiaries
for the period then ended prepared in conformity with generally accepted accounting
principles in the United States applied on a consistent basis, except as otherwise
noted therein, and subject to the absence of footnotes and to year-end adjustments;
provided, however, that the obligations of the Company set forth in
this Section 2.5(a)(i) shall be deemed satisfied to the extent that the Company
files periodic reports with the SEC;

               (ii) as soon as available and in any event within 120 days after the end of
each fiscal year of the Company, a consolidated balance sheet of the Company and its
subsidiaries as of the end of such year, and consolidated statements of income and
cash flows of the Company and its subsidiaries for the year then ended prepared in
conformity with generally accepted accounting principles in the United States
applied on a consistent basis, except as otherwise noted therein, together with an
auditor’s report thereon of a firm of established national reputation; and

               (iii) to the extent the Company is required by law or pursuant to the terms of
any outstanding indebtedness of the Company to prepare such reports, any annual
reports, quarterly reports and other periodic reports pursuant to Section 13 or
15(d) of the Exchange Act actually prepared by the Company as soon as available.

          (b) Inspection and Access. Subject to the execution of appropriate confidentiality agreements
(i) the Company and its subsidiaries shall provide to each Fund Stockholder, true and correct
copies of all documents, reports, financial data and other information as such Fund Stockholder may
reasonably request and (ii), the Company shall permit any authorized representatives designated by
each Fund Stockholder to visit and inspect, during normal business hours, any of the properties of
the Company or any of its subsidiaries, including its and their books of account, and to discuss
its and their affairs, finances and accounts with its and their officers, all at such times as such
Fund Stockholder may reasonably request.

          (c) Right of Consultation. Representatives of each Fund Stockholder shall have the right to
consult with and advise the management of the Company and its subsidiaries, upon reasonable notice at reasonable times from time to time, on all matters
relating to the operation of the Company and its subsidiaries.

          (d) Advance Notice. At any time when the Company shall no longer be subject to the provisions
of Section 13 or 15(d) of the Exchange Act, to the extent consistent with applicable law (and with
respect to events which require public disclosure, only following the Company’s public disclosure
thereof through applicable securities law filings or otherwise), the Company shall inform each Fund
Stockholder or its designated representative in advance with respect to any significant corporate
actions that have been approved and authorized by the Company Board, including, without limitation,
extraordinary dividends, mergers, acquisitions or

7

 

dispositions of assets, issuances of significant
amounts of debt or equity and material amendments to the certificate of incorporation or bylaws of
the Company, and to provide each Fund Stockholder or its designated representative with the right
to consult with the Company with respect to such actions.

The Company agrees to consider, in good faith, the reasonable recommendations of each Fund
Stockholder or its designated representative in connection with the matters on which it is
consulted as described in Section 2.5(d) hereof, recognizing that the ultimate discretion with
respect to all such matters shall be retained by the Company.

The aforementioned rights are intended to satisfy the requirement of management rights for purposes
of qualifying each Fund Stockholder’s direct or indirect investment in the Company as a “venture
capital investment” for purposes of United States Department of Labor Regulation § 2510.3-101 (the
“Regulation”). In the event that a Fund Stockholder’s counsel determines that the rights
set forth herein are not satisfactory for such purpose, the Company and such Fund Stockholder shall
reasonably cooperate in good faith to agree upon mutually satisfactory management rights that
satisfy the Regulations.

All rights granted pursuant to this Section 2.5 to a Fund Stockholder are in addition to the rights
provided to such Fund Stockholder in its capacity as a holder of Common Stock and Preferred Stock
and nothing set forth in this Section 2.5 shall be construed to limit, restrict or impair any
claim, right or privilege available, or granted, to a Fund Stockholder pursuant to any other
contractual arrangements with the Company or otherwise.

In the event a Fund Stockholder transfers all or any portion of its direct or indirect investment
in the Company to an Affiliate (or to a direct or indirect wholly owned conduit subsidiary of any
such Affiliate) that is intended to qualify as a “venture capital operating company” under the
Regulation, such Affiliate shall be afforded the same rights with respect to the Company afforded
to such Fund Stockholder hereunder and shall be treated, for such purposes, as a third party
beneficiary hereunder.

Each Fund Stockholder shall notify the Company in writing at such time as such Fund Stockholder
ceases to own any Common Stock or Preferred Stock or any other interests in the Company.

ARTICLE III

REGISTRATION RIGHTS WITH RESPECT TO

THE REGISTRABLE SECURITIES

     SECTION 3.1 Shelf Registration Statement.

          (a) Filing; Effectiveness; Expenses. Subject to Section 6.1, the Company shall:

               (i) file on or before the date 120 days from the date hereof, an “evergreen”
shelf registration statement on Form S-3 (or, in the event Form S-3 is unavailable
to the Company, Form S-1) pursuant to Rule 415 under the

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Securities Act (or any
successor provisions), providing for an offering to be made on a continuous basis of
the Registrable Securities (the “Shelf Registration”);

               (ii) use reasonable best efforts to cause the Shelf Registration to become
effective no later than the expiration of the Lock-Up Period, and in any event as
soon as practicable after such filing;

               (iii) use commercially reasonable efforts to maintain in effect, supplement and
amend, if necessary, the Shelf Registration, as required by the instructions
applicable to such registration form or by the Securities Act;

               (iv) furnish, upon request, to the holders of the Registrable Securities to
which the Shelf Registration relates copies of any supplement or amendment to such
Shelf Registration prior to such supplement or amendment being used and/or filed
with the SEC; and

               (v) pay all Registration Expenses in connection with the Shelf Registration,
whether or not it becomes effective, and whether all, some or none of the
Registrable Securities to which it relates are sold pursuant to it.

          (b) Effective Shelf Registration Statement. (i) If at any time, the Shelf Registration
ceases to be effective, the Company shall use its best efforts to file and use its commercially
reasonable efforts to cause to become effective a new “evergreen” shelf registration statement
providing for an offering to be made on a continuous basis of the Registrable Securities. Such
shelf registration statement shall be filed on Form S-3 or, if Form S-3 is unavailable to the
Company, on Form S-1.

               (ii) If, after the Shelf Registration has become effective, it is interfered
with by any stop order, injunction or other order or requirement of the SEC or other
governmental agency or authority, the Company shall use its commercially reasonable
efforts to prevent the issuance of any stop order suspending the effectiveness of
the registration statement or of any order
preventing or suspending the use of any preliminary prospectus and, if any such
order is issued, to obtain the withdrawal of any such order at the earliest possible
moment.

          (c) (i) If the Company shall at any time furnish to the Stockholders, a certificate signed by
any of its authorized officers stating that the Company has pending or in process a material
transaction, the disclosure of which would, in the good faith judgment of the Company Board, after
consultation with its outside counsel, materially and adversely affect the Company, the Company may
postpone the filing (but not the preparation) of the Shelf Registration for up to seventy-five (75)
days; provided, however, that the Company shall not be permitted to postpone
registration pursuant to this Section 3.1(c)(i) more than once in any three hundred sixty (360) day
period. The Company shall promptly give the Stockholders written notice of any postponement made
in accordance with the preceding sentence.

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               (ii) If the Company shall at any time furnish to the Stockholders, a
certificate signed by any of its authorized officers (a “Suspension Notice”)
stating that the Company has been advised in writing by a nationally recognized
investment banking firm selected by the Company that, in such firm’s opinion,
resales of the Registrable Securities pursuant to the Shelf Registration would
adversely affect any Company Offering with respect to which the Company has
commenced preparations for a registration prior to the receipt of a Confirmation
Request (as defined in Section 3.1(d)) and subject to Section 4.7, Stockholders may
not effect any such resales until the earliest of (A) 30 days after the completion
of such Company Offering, (B) promptly after the abandonment of such Company
Offering or (C) 90 days after the delivery of such Suspension Notice.

               (iii) If upon receipt of a Confirmation Request, the Company determines in its
good faith judgment after consultation with outside counsel that the filing of an
amendment or supplement to the Shelf Registration is necessary in order to effect
resales pursuant to the Shelf Registration and such filing would require disclosure
of material information which the Company has a bona fide business purpose for
preserving as confidential and the Company provides the Stockholders a Suspension
Notice within 48 hours of such receipt of a Confirmation Request, the Company shall
not be required to comply with its obligations under Section 3.1(a)(iii), and the
Stockholders, may not effect any resales, until the earlier of (A) the date upon
which such material information is disclosed to the public or ceases to be material
or (B) 90 days after such Confirmation Request was received by the Company.

               (iv) Notwithstanding the provisions of Sections 3.1(c)(ii) and (iii), the
Company shall be entitled to serve only one Suspension Notice (A) within any period
of 180 consecutive days or (B) with respect to any two consecutive resales for which
the Stockholders deliver Confirmation Requests.

          (d) Not more than five (5) days nor less than 48 hours prior to effecting any sale of
Registrable Securities pursuant to the Shelf Registration, the selling Stockholder or
group of Stockholders will request the Company to confirm whether the Company is then
exercising its rights pursuant to Section 3.1(c) (a “Confirmation Request”).

          (e) Underwritten Offering. Subject to Section 4.7 hereof, at the election of any
Stockholder or group of Stockholders, holding in excess of 3% of the aggregate number of shares of
Common Stock issued and outstanding at the time of a request for an underwritten offering pursuant
to this Section 3.1(e) or in excess of 20% of the aggregate number of shares of Preferred Stock
originally issued pursuant to the Purchase Agreement, any resale pursuant to the Shelf Registration
may involve an underwritten offering, and, in such case, the investment banker(s), underwriter(s)
and manager(s) for such registration shall be selected by the holders of a majority of the
Registrable Securities which are the subject of any such request; provided,
however, that such investment banker(s), underwriter(s) and manager(s) shall be reasonably
satisfactory to the Company.

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     SECTION 3.2 Incidental Registrations. (a) If the Company at any time after the Lock-Up
Period has expired proposes to register Equity Securities under the Securities Act (other than a
registration on Form S-4 or S-8, or any successor or other forms promulgated for similar purposes
or any registration statement filed pursuant to the Registration Rights Agreement dated December
27, 2004 among the Company and Citigroup Global Markets, Inc. and Deutsche Bank Securities Inc.
with respect to the Company’s 4% Convertible Perpetual Preferred Stock, whether or not for sale for
its own account, in a manner which would permit registration of Registrable Securities for sale to
the public under the Securities Act, it will, at each such time, give prompt written notice to all
Stockholders of its intention to do so and of such Stockholders’ rights under this Agreement. Upon
the written request of any such Stockholder made within thirty (30) days after the receipt of any
such notice (which request shall specify the Registrable Securities intended to be disposed of by
such Stockholder), the Company will use its commercially reasonable efforts to effect the
registration under the Securities Act of all Registrable Securities which the Company has been so
requested to register by the Stockholders thereof; provided, that (i) if, at any time after giving
written notice of its intention to register any securities and prior to the effective date of the
registration statement filed in connection with such registration, the Company shall determine for
any reason not to proceed with the proposed registration of the securities to be sold by it, the
Company may, at its election, give written notice of such determination to each Stockholder and,
thereupon, shall be relieved of its obligation to register any Registrable Securities in connection
with such registration (but not from its obligation to pay the Registration Expenses in connection
therewith), and (ii) if such registration involves an underwritten offering, all Stockholders
requesting to be included in the Company’s registration must sell their Registrable Securities to
the underwriters selected by the Company on the same terms and conditions as apply to the Company,
with such differences, including any with respect to indemnification and liability insurance, as
may be customary or appropriate in combined primary and secondary offerings. If a registration
requested pursuant to this Section involves an underwritten public offering, any Stockholder
requesting to be included in such registration may elect, in writing prior to the effective date of
the registration statement filed in connection with such registration, not to register all or any
part of such securities in connection with such registration. The registrations
provided for in this Section 3.2 are in addition to, and not in lieu of, registrations made in
accordance with Section 3.1.

          (b) Expenses. The Company will pay all Registration Expenses in connection with each
registration of Registrable Securities requested pursuant to this Section 3.2.

          (c) Priority in Incidental Registrations. If a registration pursuant to this Section
3.2 involves an underwritten offering and the managing underwriter advises the Company in writing
that, in its opinion, the number of Registrable Securities requested to be included in such
registration would be likely to have an adverse effect on the price, timing or distribution of the
securities to be offered in such offering as contemplated by the Company (other than the
Registrable Securities), then the Company shall include in such registration (a) FIRST, 100% of the
securities the Company proposes to sell, (b) SECOND, to the extent of the amount of Registrable
Securities requested to be included in such registration which, in the opinion of such managing
underwriter, can be sold without having the adverse effect referred to above, the amount of
Registrable Securities which the Stockholders have requested to be included in such registration,
such amount to be allocated pro rata among all requesting

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Stockholders on the basis of the relative
amount of Registrable Securities then held by each such Stockholder (provided, that any
such amount thereby allocated to any such Stockholder that exceeds such Stockholder’s request shall
be reallocated among the remaining requesting Stockholders and other Stockholders in like manner)
and THIRD, to the extent of the amount of Registrable Securities subject to registration rights
held by holders other than the Stockholders who have requested to be included in such registration,
which, in the opinion of such managing underwriter, can be sold without having the adverse effect
referred to above, the amount of Registrable Securities which the other holders have requested to
be included in such registration, such amount to be allocated pro rata among all requesting other
holders on the basis of the relative amount of Registrable Securities then held by each such other
holder.

ARTICLE IV

REGISTRATION PROCEDURES

     SECTION 4.1 Registration Procedures. If and whenever the Company is required to use its
commercially reasonable efforts to effect or cause the registration of any Registrable Securities
under the Securities Act as provided in this Agreement, the Company will, as expeditiously as
possible:

          (a) prepare and, in any event within thirty (30) days after the end of the period within which
a request for registration may be given to the Company, file with the SEC a registration statement
with respect to such Registrable Securities and, to the extent applicable use its commercially
reasonable efforts to cause such registration statement to become effective within ninety (90) days
of the initial filing;

          (b) prepare and file with the SEC such amendments and supplements to such registration
statement and the prospectus used in connection therewith as may be necessary to keep such
registration statement effective for a period not in excess of one-hundred-eighty
(180) days (except in the case of a Shelf Registration which the Company shall keep
continuously effective subject to Section 3.1 hereof) and to comply with the provisions of the
Securities Act and the Exchange Act with respect to the disposition of all securities covered by
such registration statement during such period in accordance with the intended methods of
disposition by the seller or sellers thereof set forth in such registration statement;
provided, however, that before filing a registration statement or prospectus, or
any amendments or supplements thereto in accordance with Sections 4.1(a) or (b), the Company will
furnish to counsel selected pursuant to Section 4.6 hereof copies of all documents proposed to be
filed, which documents will be subject to the review of such counsel;

          (c) furnish to each seller of such Registrable Securities such number of copies of such
registration statement and of each amendment and supplement thereto (in each case including all
exhibits filed therewith, including any documents incorporated by reference), such number of copies
of the prospectus included in such registration statement (including each preliminary prospectus
and summary prospectus), in conformity with the requirements of the Securities Act, and such other
documents as such seller may reasonably request in order to facilitate the disposition of the
Registrable Securities by such seller;

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          (d) use its commercially reasonable efforts to register or qualify such Registrable Securities
covered by such registration in such jurisdictions as each seller shall reasonably request, and do
any and all other acts and things which may be reasonably necessary or advisable to enable such
seller to consummate the disposition in such jurisdictions of the Registrable Securities owned by
such seller, except that the Company shall not for any such purpose be required to qualify
generally to do business as a foreign corporation in any jurisdiction where, but for the
requirements of this subsection (d), it would not be obligated to be so qualified, to subject
itself to taxation in any such jurisdiction or to consent to general service of process in any such
jurisdiction;

          (e) use its commercially reasonable efforts to cause such Registrable Securities covered by
such registration statement to be registered with or approved by such other governmental
authorities as may be necessary to enable the seller or sellers thereof to consummate the
disposition of such Registrable Securities;

          (f) notify each seller of any such Registrable Securities covered by such registration
statement, at any time when a prospectus relating thereto is required to be delivered under the
Securities Act, of the Company becoming aware that the prospectus included in such registration
statement, as then in effect, includes an untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary to make the statements therein not
misleading in the light of the circumstances then existing, and at the request of any such seller,
prepare and furnish to such seller a reasonable number of copies of an amended or supplemental
prospectus as may be necessary so that, as thereafter delivered to the sellers of such Registrable
Securities, such prospectus shall not include an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the statements therein not
misleading in the light of the circumstances then existing;

          (g) otherwise use its commercially reasonable efforts to comply with all applicable rules and
regulations of the SEC, and make available to its security holders, as soon as
reasonably practicable (but not more than eighteen (18) months) after the effective date of
the registration statement, an earnings statement which shall satisfy the provisions of Section
11(a) of the Securities Act;

          (h) use its commercially reasonable efforts to list all Registrable Securities covered by such
registration statement on the NYSE or any other national securities exchange on which Registrable
Securities of the same class covered by such registration statement are then listed and, if no such
Registrable Securities are so listed, on the NYSE or any national securities exchange on which the
Common Stock is then listed;

          (i) enter into such customary agreements (including an underwriting agreement in customary
form), which may include indemnification provisions in favor of underwriters and other Persons in
addition to, or in substitution for the provisions of Section 4.4 hereof, and take such other
actions as sellers of a majority of shares of such Registrable Securities or the underwriters, if
any, reasonably requested in order to expedite or facilitate the disposition of such Registrable
Securities;

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          (j) obtain a “cold comfort” letter or letters from the Company’s independent public accounts
in customary form and covering matters of the type customarily covered by “cold comfort” letters as
the seller or sellers of a majority of shares of such Registrable Securities shall reasonably
request;

          (k) make available for inspection by any seller of such Registrable Securities covered by such
registration statement, by any underwriter participating in any disposition to be effected pursuant
to such registration statement and by any attorney, accountant or other agent retained by any such
seller or any such underwriter, all pertinent financial and other records, pertinent corporate
documents and properties of the Company, and cause all of the Company’s officers, directors and
employees to supply all information reasonably requested by any such seller, underwriter, attorney,
accountant or agent in connection with such registration statement;

          (l) notify counsel (selected pursuant to Section 4.6 hereof) for the holders of Registrable
Securities included in such registration statement and the managing underwriter or agent,
immediately, and confirm the notice in writing (i) when the registration statement, or any
post-effective amendment to the registration statement, shall have become effective, or any
supplement to the prospectus or any amendment to the prospectus shall have been filed, (ii) of the
receipt of any comments from the SEC, (iii) of any request of the SEC to amend the registration
statement or amend or supplement the prospectus or for additional information, and (iv) of the
issuance by the SEC of any stop order suspending the effectiveness of the registration statement or
of any order preventing or suspending the use of any preliminary prospectus, or of the suspension
of the qualification of the registration statement for offering or sale in any jurisdiction, or of
the institution or threatening of any proceedings for any of such purposes;

          (m) make every reasonable effort to prevent the issuance of any stop order suspending the
effectiveness of the registration statement or of any order preventing or
suspending the use of any preliminary prospectus and, if any such order is issued, to obtain
the withdrawal of any such order at the earliest possible moment;

          (n) if requested by the managing underwriter or agent or any holder of Registrable Securities
covered by the registration statement, promptly incorporate in a prospectus supplement or
post-effective amendment such information as the managing underwriter or agent or such holder
reasonably requests to be included therein, including, with respect to the number of Registrable
Securities being sold by such holder to such underwriter or agent, the purchase price being paid
therefor by such underwriter or agent and with respect to any other terms of the underwritten
offering of the Registrable Securities to be sold in such offering; and make all required filings
of such prospectus supplement or post-effective amendment as soon as practicable after being
notified of the matters incorporated in such prospectus supplement or post-effective amendment;

          (o) cooperate with the holders of Registrable Securities covered by the registration statement
and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of
certificates (not bearing any restrictive legends) representing securities to be sold under the
registration statement, and enable such securities to be in such

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denominations and registered in
such names as the managing underwriter or agent, if any, or such holders may request;

          (p) use its commercially reasonable efforts to obtain for delivery to the holders of
Registrable Securities being registered and to the underwriter or agent an opinion or opinions from
counsel for the Company in customary form and in form, substance and scope reasonably satisfactory
to such holders, underwriters or agents and their counsel;

          (q) cooperate with each seller of Registrable Securities and each underwriter or agent
participating in the disposition of such Registrable Securities and their respective counsel in
connection with any filings required to be made with the NYSE or any other securities exchange
and/or the NASD; and

          (r) use its commercially reasonable efforts (taking into account the interests of the Company)
to make available the executive officers of the Company to participate with the holders of
Registrable Securities and any underwriters in any “road shows” or other selling efforts that may
be reasonably requested by the holders in connection with the methods of distribution for the
Registrable Securities, provided, however, that the Company shall not be required
to comply with its obligations under this paragraph (r) more than one time in any one hundred and
eighty (180) day period.

     SECTION 4.2 Information Supplied. The Company may require each seller of Registrable
Securities as to which any registration is being effected to furnish the Company with such
information regarding such seller and pertinent to the disclosure requirements relating to the
registration and the distribution of such securities as the Company may from time to time
reasonably request in writing.

     SECTION 4.3 Restrictions on Disposition
.. Each Stockholder agrees that, upon receipt of any notice from the Company of the happening of any
event of the kind described in Section 4.1(f), such Stockholder will forthwith discontinue
disposition of Registrable Securities pursuant to the registration statement covering such
Registrable Securities until such Stockholder’s receipt of the copies of the supplemented or
amended prospectus contemplated by Section 4.1(f), and, if so directed by the Company, such
Stockholder will deliver to the Company (at the Company’s expense) all copies, other than permanent
file copies then in such Stockholder’s possession, of the prospectus covering such Registrable
Securities current at the time of receipt of such notice. In the event the Company shall give any
such notice, the period mentioned in Section 4.1(b) shall be extended by the number of days during
the period from and including the date of the giving of such notice pursuant to Section 4.1(f) and
to and including the date when each seller of Registrable Securities covered by such registration
statement shall have received the copies of the supplemented or amended prospectus contemplated by
Section 4.1(f).

     SECTION 4.4 Indemnification. (a) In the event of any registration of any securities of
the Company under the Securities Act pursuant to Articles III or IV, the Company shall, and it
hereby does, indemnify and hold harmless, to the extent permitted by law, the seller of any
Registrable Securities covered by such registration statement, each Affiliate of such seller and
their respective directors, officers, employees and stockholders or members or general and limited
partners (and any director, officer, Affiliate, employee, stockholder and controlling

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Person of any of the foregoing), each Person who participates as an underwriter in the offering or sale of
such securities and each other Person, if any, who controls such seller or any such underwriter
within the meaning of the Securities Act (collectively, the “Indemnified Parties”), against
any and all losses, claims, damages or liabilities, joint or several, actions or proceedings
(whether commenced or threatened) in respect thereof (“Claims”) and expenses (including
reasonable attorney’s fees and reasonable expenses of investigation) to which such Indemnified
Party may become subject under the Securities Act, common law or otherwise, insofar as such Claims
or expenses arise out of, relate to or are based upon (i) any untrue statement or alleged untrue
statement of any material fact contained in any registration statement under which such securities
were registered under the Securities Act, any preliminary, final or summary prospectus contained
therein, or any amendment or supplement thereto, or (ii) 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 case of a prospectus, in light of the circumstances under which they were made) not
misleading; provided, that the Company shall not be liable to any Indemnified Party in any such
case to the extent that any such Claim or expense arises out of, relates to or is based upon any
untrue statement or alleged untrue statement or omission or alleged omission made in such
registration statement or amendment or supplement thereto or in any such preliminary, final or
summary prospectus in reliance upon and in conformity with written information furnished to the
Company through an instrument duly executed by or on behalf of such seller specifically stating
that it is for use in the preparation thereof; and, provided, further, that the Company will not be
liable in any such case to the extent, but only to the extent, that the foregoing indemnity with
respect to any untrue statement contained in or omitted from a registration statement or the
prospectus shall not inure to the benefit of any party (or any person controlling such party) who
is obligated to deliver a prospectus in transactions in a security as to which a registration
statement has been filed pursuant to the Securities Act and from whom the person asserting any such
Damages purchased any of the Registrable Securities to the extent that it is finally judicially
determined that such Damages resulted solely from the fact that such party sold Registrable
Securities to a person to whom there was not sent or given, at or prior to the written confirmation
of such sale, a copy of the registration statement or the prospectus, as amended or supplemented,
and (x) the Company shall have previously and timely furnished sufficient copies of the
registration statement or prospectus, as so amended or supplemented, to such party in accordance
with this Agreement and (y) the registration statement or prospectus, as so amended or
supplemented, would have corrected such untrue statement or omission of a material fact. Such
indemnity shall remain in full force and effect regardless of any investigation made by or on
behalf of any Indemnified Party and shall survive the transfer of securities by any seller.

               (b) As a condition to including any Registrable Securities in any registration statement filed
in accordance with Sections 3.2 or 4.1 herein, the Company shall have received an undertaking
reasonably satisfactory to it from the prospective seller of such Registrable Securities or any
underwriter to indemnify and hold harmless (in the same manner and to the same extent as set forth
in Section 4.4(a)) the Company and all other prospective sellers or any underwriter, as the case
may be, with respect to any untrue statement or alleged untrue statement in or omission or alleged
omission from such registration statement, any preliminary, final or summary prospectus contained
therein, or any amendment or supplement thereto, if such untrue statement or alleged untrue
statement or omission or alleged omission was

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made in reliance upon and in conformity with written
information furnished to the Company through an instrument duly executed by or on behalf of such
seller or underwriter specifically stating that it is for use in the preparation of such
registration statement, preliminary, final or summary prospectus or amendment or supplement, or a
document incorporated by reference into any of the foregoing. Such indemnity shall remain in full
force and effect regardless of any investigation made by or on behalf of the Company or any of the
prospective sellers, or any of their respective Affiliates, directors, officers or controlling
Persons and shall survive the transfer of securities by any seller. In no event shall the liability
of any selling holder of Registrable Securities hereunder be greater in amount than the dollar
amount of the proceeds received by such holder upon the sale of the Registrable Securities giving
rise to such indemnification obligation.

               (c) Promptly after receipt by an indemnified party hereunder of written notice of the
commencement of any action or proceeding with respect to which a claim for indemnification may be
made pursuant to this Section 4.4, such indemnified party will, if a claim in respect thereof is to
be made against an indemnifying party, give written notice to the latter of the commencement of
such action or proceeding; provided, however, that the failure of the indemnified
party to give notice as provided herein shall not relieve the indemnifying party of its obligations
under Section 4.4, except to the extent that the indemnifying party is materially prejudiced by
such failure to give notice. In case any such action or proceeding is brought against an
indemnified party, unless in such indemnified party’s reasonable judgment (after consultation with
legal counsel) a conflict of interest between such indemnified and indemnifying parties may exist
in respect of such action or proceeding, the indemnifying party will be entitled to participate in
and to assume the defense thereof (at its expense), jointly with any other indemnifying party
similarly notified to the extent that it may wish, with counsel
reasonably satisfactory to such indemnified party, and after notice from the indemnifying
party to such indemnified party of its election so to assume the defense thereof, the indemnifying
party will not be liable to such indemnified party for any legal or other expenses subsequently
incurred by the latter in connection with the defense thereof other than reasonable costs of
investigation; provided that, in the event, however, that the indemnifying party declines or fails
to assume the defense of the action or proceeding or to employ counsel reasonably satisfactory to
the indemnified party, in either case within a 30-day period, or if a court of competent
jurisdiction determines that the indemnifying party is not vigorously defending such action or
proceeding, then such indemnified party may employ counsel to represent or defend it in any such
action or proceeding and the indemnifying party shall pay the reasonable fees and disbursements of
such counsel or other representative as incurred; provided, however, that the
indemnifying party shall not be required to pay the fees and disbursements of more than one counsel
for all indemnified parties in any jurisdiction in any single action or proceeding. No indemnifying
party will settle any such action or proceeding or consent to the entry of any judgment without the
prior written consent of the indemnified party, unless such settlement or judgment (i) includes as
an unconditional term thereof the giving by the claimant or plaintiff of a release to such
indemnified party from all liability in respect of such action or proceeding and (ii) does not
involve the imposition of equitable remedies or the imposition of any obligations on such
indemnified party and does not otherwise adversely affect such indemnified party, other than as a
result of the imposition of financial obligations for which such indemnified party will be
indemnified hereunder. No indemnified party will settle any such action or proceeding or consent to
the entry

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of any judgment without the prior written consent of the indemnifying party (such consent
not to be unreasonably withheld).

               (d) (i) If the indemnification provided for in this Section 4.4 from the indemnifying party
is unavailable to an indemnified party hereunder in respect of any Claim or expenses referred to
herein, then the indemnifying party, in lieu of indemnifying such indemnified party, shall
contribute to the amount paid or payable by such indemnified party as a result of such Claim or
expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying
party and indemnified party in connection with the actions which resulted in such Claim or
expenses, as well as any other relevant equitable considerations. The relative fault of such
indemnifying party and indemnified party shall be determined by reference to, among other things,
whether any action in question, including any untrue or alleged untrue statement of a material fact
or omission or alleged omission to state a material fact, has been made by, or relates to
information supplied by, such indemnifying party or indemnified party, and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent such action. The
amount paid or payable by a party under this Section 4.4(d) as a result of the Claim and expenses
referred to above shall be deemed to include any legal or other fees or expenses reasonably
incurred by such party in connection with any action or proceeding.

               (ii) The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 4.4(d) 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 Section 4.4(d)(i). 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.

               (e) Indemnification similar to that specified in this Section 4.4 (with appropriate
modifications) shall be given by the Company and each seller of Registrable Securities with respect
to any required registration or other qualification of securities under any Law or with any
governmental authority other than as required by the Securities Act.

               (f) The obligations of the parties under this Section 4.4 shall be in addition to any
liability which any party may otherwise have to any other party.

          SECTION 4.5 Required Reports. The Company agrees that it will use best efforts to file the
reports required to be filed by it under the Securities Act and the Exchange Act and it will take
such further action as any Stockholder may reasonably request, all to the extent required from time
to time to enable such Stockholder to sell shares of Registrable Securities pursuant to this
Agreement, including without registration under the Securities Act within the limitation of the
exemptions provided by (i) Rule 144 under the Securities Act, as such Rule may be amended from time
to time, or (ii) any similar rule or regulation hereafter adopted by the SEC. Upon the request of
any Stockholder, the Company will deliver to such Stockholder a written statement as to whether it
has complied with such requirements.

          SECTION 4.6 Selection of Counsel. In connection with any registration of Registrable
Securities pursuant to Articles III or IV hereof, the holders of a majority of the

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Registrable Securities covered by any such registration may select one counsel to represent all holders of
Registrable Securities covered by such registration; provided, however, that in the event that the
counsel selected as provided above is also acting as counsel to the Company in connection with such
registration, the remaining Stockholders shall be entitled to select one additional counsel to
represent all such remaining Stockholders.

          SECTION 4.7 Holdback Agreement. If any Company Offering, registration under Section 3.2
hereof or any sale of securities in connection with a registration under Section 3.1 hereof shall
be in connection with an underwritten public offering, the Company and each Stockholder agree not
to effect any public sale or distribution, including, in the case of the Stockholders, any sale
pursuant to Rule 144 under the Securities Act, of any such securities of the Company, or options or
other rights convertible into, or exchangeable or exercisable for, such securities (other than as
part of such underwritten public offering), within seven (7) days before, or ninety (90) days (or
such lesser period as the managing underwriters may permit) after, the effective date of any such
Company Offering or registration pursuant to Section 3.2 or the closing of any sale of securities
in connection with a registration under Section 3.1 (except as part of any such registration or
sale); provided that in no event shall this Section 4.7 be effective against the Stockholders for
the 90 days following expiration of the Lock-Up Period.

          SECTION 4.8 No Inconsistent Agreement. The Company represents and warrants that it will not
enter into, or cause or permit any of its Subsidiaries to enter into, any agreement which conflicts
with or limits or prohibits the exercise of the rights granted to the holders of Registrable
Securities in this Agreement.

ARTICLE V

STANDSTILL

          SECTION 5.1 Acquisition of Additional Voting Securities. During the Standstill Period, each
Stockholder hereby agrees that it shall not, and shall cause each of its Affiliates (which solely
for purposes of this sentence shall include only Affiliates of such Stockholder which are engaged
in the business of private equity investing, and shall not, without limitation, include (i) any
portfolio company (or its subsidiaries) owned or controlled by such Stockholder or by any private
equity investment vehicle that is an Affiliate of such Stockholder or (ii) any other Affiliate not
engaged in the business of private equity investing, including any hedge fund, public equity
investment vehicle, debt fund, real estate fund or similar entity, that would otherwise be
considered an Affiliate of such Stockholder but with which such Stockholder does not act in concert
with respect to the Company or its securities) not to, without the prior approval of the Company
Board, directly or indirectly, (i) acquire, offer or propose to acquire or agree to acquire
(whether by purchase, tender or exchange offer, through an acquisition of control of another Person
(including by way of merger or consolidation), by joining a partnership, syndicate or other Group,
or otherwise), the beneficial ownership of any additional Voting Securities of the Company or any
of its Subsidiaries (or any warrants, options or other rights to purchase or acquire, or any
securities convertible into, or exchangeable for, any Voting Securities of the Company or any of
its Subsidiaries) (other than with respect to being deemed to be a Group with other Stockholders
solely or as a result of an agreement, arrangement or understanding regarding the disposition of
Registrable Securities); provided, however, that the

19

 

foregoing restrictions shall not apply to any
acquisition or proposed acquisition (each, an “Acquisition”) of beneficial ownership of any
additional Voting Securities of the Company: (x) which is by way of stock dividends, stock
reclassifications or other distributions or offerings made available and, if applicable, exercised
on a pro rata basis, to holders of Equity Securities of the Company generally or (y) which involves
Equity Securities acquired from the Company; (ii) make any public announcement with respect to, or
submit any proposal for, any merger, consolidation, sale of substantial assets or other business
combination, tender offer or exchange offer, purchase of assets, dissolution, liquidation,
restructuring, recapitalization or extraordinary transaction involving the Company or any of its
Subsidiaries; (iii) make, or in any way participate in, any “solicitation” of “proxies” (as such
terms are defined or used in Regulation 14A under the Exchange Act) to vote any Voting Securities
of the Company or any of its Subsidiaries or seek to advise or influence any Person with respect to
the voting of any Voting Securities of the Company or any of its Subsidiaries or initiate, propose
or otherwise “solicit” (as such term is defined or used in Regulation 14A under the Exchange Act)
stockholders of the Company for the approval of shareholder proposals whether made pursuant to Rule
14a-8 promulgated under the Exchange Act or otherwise, induce or attempt to induce any other person
to initiate any such shareholder proposal, or otherwise communicate with the stockholders of the
Company or others pursuant to the rules governing the solicitation of proxies; (iv) form, join or
in any way participate in any Group (other than with respect to its Affiliates and other than with
respect to other Stockholders) with respect to any of the Voting Securities of the Company; (v)
otherwise act, either alone or in concert with others (including any Affiliate), to seek control of
the Company, the Company Board or any of its Subsidiaries; (vi) execute any written consent as a
stockholder with respect to the Voting Securities; (vii) seek, alone or in concert with others
(including any Affiliate) (A) to call a meeting of the stockholders of the Company, (B)
representation on the Company Board, or (C) the removal of any member of the Board; (viii) take or
cause others to take any action inconsistent with the foregoing; (ix) disclose any intention,
proposal, plan or arrangement with respect to any of the foregoing; or (x) make any demand, request
or proposal to amend, waive or terminate any provision of this Section 5.1.

ARTICLE VI

MISCELLANEOUS

          SECTION 6.1 Termination. The provisions of this Agreement (other than Section 4.4 hereof
which shall not terminate and Section 2.4 which shall expire in accordance with its terms) shall
terminate when no Registrable Securities remain outstanding. Nothing herein shall relieve any
party from any liability for the breach of any provisions set forth in this Agreement.

          SECTION 6.2 Amendments and Waivers. Except as otherwise provided herein, no modification,
amendment or waiver of any provision of this Agreement shall be effective against any party hereto
unless such modification, amendment or waiver is approved in writing by such party. The failure of
any party to enforce any of the provisions of this Agreement shall in no way be construed as a
waiver of such provisions and shall not affect the right of such party thereafter to enforce each
and every provision of this Agreement in accordance with its terms.

          SECTION 6.3 Successors, Assigns; Transferees and Third Party Beneficiaries. This Agreement
shall bind and inure to the benefit of and be enforceable by the parties hereto

20

 

and their respective successors (including any parent company formed to hold all or a majority of the equity
interests in the Company), permitted assigns and transferees. Except as expressly provided herein,
this Agreement may not be assigned by the Company and may not be assigned by any Stockholder
without the prior written consent of the Company, except that a Stockholder may assign its rights
and obligations hereunder in respect of any Registrable Securities (a) to any Affiliate(s) or (b)
to any transferee in connection with a Transfer in compliance with Section 2.1(c) in respect of
Registrable Securities that constitute at least 10% of the aggregate number of shares of Common
Stock or 20% of the aggregate number of shares of Preferred Stock, in each case, originally issued
pursuant to the Purchase Agreement (any of the foregoing, a “Permitted Assignee”). Any
Permitted Assignee of a Stockholder pursuant to the immediately preceding sentence shall be bound
by all of the provisions of this Agreement (provided that the provisions of Section 5.1 hereof
shall only bind a Permitted Assignee receiving at least 10% of the
aggregate number of shares of Common Stock originally issued pursuant to the Purchase Agreement),
and as a condition to such transferee’s receipt of such shares, such transferee shall execute an
agreement in form and substance reasonably satisfactory to Buyer, agreeing to be bound by the
applicable provisions hereof. Each Stockholder shall inform the Company of, and the Company shall
be entitled to rely upon, the names, addresses and other contact details of each Stockholder.

SECTION 6.4 Notices. All notices required or permitted hereunder shall be in writing and
shall be deemed effectively given (i) upon personal delivery to the party to be notified, (ii) when
sent by confirmed telex or facsimile if sent during normal business hours of the recipient or, if
not, then on the next Business Day, (iii) five (5) days after having been sent by registered or
certified mail, return receipt requested, postage prepaid or (iv) one (1) Business Day after
deposit with a nationally recognized overnight courier, specifying next day delivery, with written
verification of receipt. All communications shall be sent as follows:

               (i) to the Company and the Stockholders, to their respective addresses
specified in Annex A hereto;

               (ii) to such other address for any party as it may specify by like notice.

          SECTION 6.5 Further Assurances. At any time or from time to time after the date hereof, the
parties agree to cooperate with each other, and at the request of any other party, to execute and
deliver any further instruments or documents and to take all such further action as the other party
may reasonably request in order to evidence or effectuate the consummation of the transactions
contemplated hereby and to otherwise carry out the intent of the parties hereunder.

          SECTION 6.6 Entire Agreement. Except as otherwise expressly set forth herein, this document
and the other Transaction Agreements embody the complete agreement and understanding among the
parties hereto with respect to the subject matter hereof and supersede and preempt any prior
understandings, agreements or representations by or among the parties, written or oral, that may
have related to the subject matter hereof in any way.

21

 

          SECTION 6.7 Delays or Omissions. It is agreed that no delay or omission to exercise any
right, power or remedy accruing to any party, upon any breach, default or noncompliance by another
party under this Agreement, shall impair any such right, power or remedy, nor shall it be construed
to be a waiver of any such breach, default or noncompliance, or any acquiescence therein, or of or
in any similar breach, default or noncompliance thereafter occurring. It is further agreed that any
waiver, permit, consent or approval of any kind or character on the part of any party hereto of any
breach, default or noncompliance under this Agreement or any waiver on such party’s part of any provisions
or conditions of this Agreement, must be in writing and shall be effective only to the extent
specifically set forth in such writing. All remedies, either under this Agreement, by law, or
otherwise afforded to any party, shall be cumulative and not alternative.

          SECTION 6.8 Governing Law; Jurisdiction; Waiver of Jury Trial. This Agreement shall be
governed in all respects by the laws of the State of Delaware. Any suit, action or proceeding with
respect to this Agreement may be brought in any court or before any similar authority in a court of
competent jurisdiction in the State of Delaware, and the parties hereto hereby submit to the
non-exclusive jurisdiction of such courts for the purpose of such suit, proceeding or judgment.
Each of the parties hereto hereby irrevocably and unconditionally waives trial by jury in any legal
action or proceeding in relation to this Agreement and for any counterclaim therein.

          SECTION 6.9 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.

          SECTION 6.10 Effective Date. This Agreement shall become effective immediately upon the
Closing.

          SECTION 6.11 Enforcement. Each party hereto acknowledges that money damages would not be an
adequate remedy in the event that any of the covenants or agreements in this Agreement are not
performed in accordance with its terms, and it is therefore agreed that in addition to and without
limiting any other remedy or right it may have, the non-breaching party will have the right to an
injunction, temporary restraining order or other equitable relief in any court of competent
jurisdiction enjoining any such breach and enforcing specifically the terms and provisions hereof.

          SECTION 6.12 Titles and Subtitles. The titles of the sections and subsections of this
Agreement are for convenience of reference only and are not to be considered in construing this
Agreement.

          SECTION 6.13 No Recourse. Notwithstanding any other provision of this Agreement or any
rights of the Company at law or in equity, in the event of any default by the Stockholders under
this Agreement or in the event of any claim in connection with the registration of Registrable
Securities, the Company’s remedies shall be restricted to enforcement of their respective rights
against the property and assets of the Stockholders (including the Equity Securities held by such
Stockholders) and no resort shall be had to (i) any of the members or

22

 

stockholders of the Stockholders personally, or (ii) any property
or assets of the members or stockholders of the Stockholders (other than the property and assets of
the Stockholders).

          SECTION 6.14 Counterparts; Facsimile Signatures. This Agreement may be executed in any
number of counterparts, each of which shall be an original, but all of which together shall
constitute one instrument. This Agreement may be executed by facsimile signature(s).

 

 

     IN WITNESS WHEREOF, the parties hereto have executed the INVESTORS RIGHTS AGREEMENT as of the
date set forth in the first paragraph hereof.

	 	 	 	 	 
	 	NRG ENERGY, INC.

 	 
	 	By:  	/s/ David Crane
 	 
	 	 	Name:  	David Crane 	 
	 	 	Title:  	President and Chief Executive
Officer 	 
	 

Investor Rights Agreement

 

 

STOCKHOLDERS:

	 	 	 	 	 
	 	BLACKSTONE TG CAPITAL PARTNERS IV L.P.

By: Blackstone Management Associates IV L.L.C., 

as General Partner

 	 
	 	By:  	/s/  David Foley	 
	 	 	Name:  	David Foley	 
	 	 	Title:  	Authorized Person	 
	 

	 	 	 	 	 
	 	BLACKSTONE CAPITAL PARTNERS IV-A L.P.

By: Blackstone Management Associates IV L.L.C., 

as General Partner

 	 
	 	By:  	/s/  David Foley	 
	 	 	Name:  	David Foley	 
	 	 	Title:  	Authorized Person	 
	 

	 	 	 	 	 
	 	BLACKSTONE TG CAPITAL PARTNERS IV-B L.P.

By: Blackstone Management Associates IV L.L.C.,

as General Partner

 	 
	 	By:  	/s/  David Foley	 
	 	 	Name:  	David Foley;	 
	 	 	Title:  	Authorized Person	 
	 

	 	 	 	 	 
	 	BLACKSTONE PARTICIPATION PARTNERSHIP IV L.P.

By: Blackstone Management Associates IV L.L.C., 

as General Partner

 	 
	 	By:  	/s/  David Foley	 
	 	 	Name:  	David Foley	 
	 	 	Title:  	Authorized Person	 
	 

	 	 	 	 	 
	 	BLACKSTONE FAMILY INVESTMENT 

PARTNERSHIP IV-A L.P.

By: Blackstone Management Associates IV L.L.C., 

as General Partner

 	 
	 	By:  	/s/  David Foley	 
	 	 	Name:  	David Foley	 
	 	 	Title:  	Authorized Person	 
	 

Investor Rights Agreement

 

 

	 	 	 	 	 
	 	HELLMAN & FRIEDMAN CAPITAL PARTNERS 

IV, L.P.

By: H&F Investors IV, LLC, its General Partner

 	 
	 	By:  	/s/ Georgia Lee
 	 
	 	 	Georgia Lee, Managing Director 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	H&F INTERNATIONAL PARTNERS IV-A, L.P.

By: H&F Investors IV, LLC, its General Partner

 	 
	 	By:  	/s/ Georgia Lee
 	 
	 	 	Georgia Lee, Managing Director 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	H&F INTERNATIONAL PARTNERS IV-C, L.P.

By: H&F Investors IV, LLC, its General Partner

 	 
	 	By:  	/s/ Georgia Lee
 	 
	 	 	Georgia Lee, Managing Director 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	H&F EXECUTIVE FUND IV, L.P.

By: H&F Investors IV, LLC, its General Partner

 	 
	 	By:  	/s/ Georgia Lee
 	 
	 	 	Georgia Lee, Managing Director 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	H&F TGN AIV, L.P.

By: H&F Investors IV, LLC, its General Partner

 	 
	 	By:  	/s/ Georgia Lee
 	 
	 	 	Georgia Lee, Managing Director 	 
	 	 	 	 
	 

Investor Rights Agreement

 

 

	 	 	 	 	 
	 	KKR PARTNERS III, L.P. (SERIES I)

By: KKR Millennium GP (Energy) LLC, a General 

Partner

 	 
	 	By:  	/s/  Marc Lipschultz	 
	 	 	Member 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	KKR MILLENNIUM FUND (ENERGY) L.P.

By: KKR Associates Millennium (Energy) L.P., its 

General Partner

By: KKR Millennium GP (Energy) LLC, its General 

Partner

 	 
	 	By:  	/s/  Marc Lipschultz	 
	 	 	Member 	 
	 	 	 	 
	 

Investor Rights Agreement

 

 

	 	 	 	 	 
	 	TPG III — AIV 1, L.P.

By: TPG GenPar III, L.P., its General Partner

By: TPG Advisors III, Inc., its General Partner

 	 
	 	By:  	/s/ David Spuria
 	 
	 	 	Name:  	David A. Spuria 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	TPG III — AIV 2, L.P.

By: TPG GenPar III, L.P., its General Partner

By: TPG Advisors III, Inc., its General Partner

 	 
	 	By:  	/s/ David Spuria
 	 
	 	 	Name:  	David A. Spuria 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	TPG III — AIV 3, L.P.

By: TPG GenPar III, L.P., its General Partner

By: TPG Advisors III, Inc., its General Partner

 	 
	 	By:  	/s/ David Spuria
 	 
	 	 	Name:  	David A. Spuria 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	TPG PARTNERS IV — AIV 1, L.P.

By: TPG GenPar IV, L.P., its General Partner

By: TPG Advisors IV, Inc., its General Partner

 	 
	 	By:  	/s/ David Spuria
 	 
	 	 	Name:  	David A. Spuria 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	TPG PARTNERS IV — AIV 2, L.P.

By: TPG GenPar IV, L.P., its General Partner

By: TPG Advisors IV, Inc., its General Partner

 	 
	 	By:  	/s/ David Spuria
 	 
	 	 	Name:  	David A. Spuria 	 
	 	 	Title:  	Vice President 	 
	 

Investor Rights Agreement

 

 

	 	 	 	 	 
	 	FUSCO ENERGY INVESTMENTS LLP

 	 
	 	By:  	/s/ Jack Fusco
 	 
	 	 	Name:  	Jack A. Fusco 	 
	 	 	Title:  	General Partner 	 
	 

	 	 	 	 	 
	 

	 	/s/ Jack Fusco
 

Jack Fusco
	 	 

      

	 	 	 	 	 
	 

	 	/s/ W. Thaddeus Miller
 

W. Thaddeus Miller
	 	 

      

	 	 	 	 	 
	 	ARCH C. BLOCHER III AND SHERYN E. 

BLOCHER, TRUSTEES, THE BLOCHER LIVING 

TRUST, DATED JAN. 16, 2003

 	 
	 	By:  	/s/ Arch C. Blocher III
 	 
	 	 	Name:  	Arch C. Blocher III 	 
	 	 	Title:  	Trustee 	 
	 

	 	 	 	 	 
	 

	 	/s/ Arch Blocher
 

Arch Blocher
	 	 

      

Investor Rights Agreement

 

 

	 	 	 	 	 
	 	UPPER CANADA CORPORATION

 	 
	 	By:  	/s/  Dillon R. Dean	 
	 	 	Name:  	Matarilla Company Limited 	 
	 	 	Title:  	Director 	 
	 
	 	  	/s/  Norberto Martins	 
	 	 	Name:  	Cassava Company Limited	 
	 	 	Title:  	Director 	 
	 

	 	 	 	 	 
	 

	 	/s/ Thomas J. Bullis
 

Thomas J. Bullis
	 	 

      

	 	 	 	 	 
	 

	 	/s/ Margery M. Harris
 

Margery M. Harris
	 	 

      

	 	 	 	 	 
	 

	 	/s/ Donald M. McArthur
 

Donald M. McArthur
	 	 

      

Investor Rights Agreement

 

 

	 	 	 	 	 
	 

	 	/s/ Tyler Reeder
 

Tyler Reeder
	 	 

      

	 	 	 	 	 
	 

	 	/s/ William S. Waller, Jr.
 

William S. Waller, Jr.
	 	 

      

	 	 	 	 	 
	 	WEBB LIVING TRUST, DATED OCTOBER 3, 2002

 	 
	 	By:  	/s/ Edward T. Webb
 	 
	 	 	Name:  	Edward T. Webb 	 
	 	 	Title:  	Trustee 	 
	 

	 	 	 	 	 
	 

	 	/s/ John B. Hill III
 

John B. Hill III
	 	 

      

Investor Rights Agreement

 

 

	 	 	 	 	 
	 

	 	/s/ Michael Reed
 

Michael Reed
	 	 
	 
	 	 	 	 
	 

	 	/s/ Edmund D. Daniels
 

Edmund D. Daniels
	 	 
	 
	 	 	 	 
	 

	 	/s/ Jeff Kinneman
 

Jeff Kinneman
	 	 
	 
	 	 	 	 
	 

	 	/s/ John Surina Jr.
 

John Surina Jr.
	 	 
	 
	 	 	 	 
	 

	 	/s/ Jim Deidiker
 

Jim Deidiker
	 	 
	 
	 	 	 	 
	 

	 	/s/ Donald Wayne Poe
 

Donald Wayne Poe
	 	 

Investor Rights Agreement

 

 

	 	 	 	 	 
	 

	 	/s/ Terry R. Cooper
 

Terry R. Cooper
	 	 
	 
	 	 	 	 
	 

	 	/s/ Neal W. Irvin
 

Neal W. Irvin
	 	 
	 
	 	 	 	 
	 

	 	/s/ Gary J. Mechler
 

Gary J. Mechler
	 	 
	 
	 	 	 	 
	 

	 	/s/ John David Burton
 

John David Burton
	 	 
	 
	 	 	 	 
	 

	 	/s/ Mark D. Berend
 

Mark D. Berend
	 	 
	 
	 	 	 	 
	 

	 	/s/ Robert Allan Osco
 

Robert Allan Osco
	 	 

Investor Rights Agreement

 

 

	 	 	 	 	 
	 

	 	/s/ James William Loesch
 

James William Loesch
	 	 
	 
	 	 	 	 
	 

	 	/s/ Welton C. Simpson Jr.
 

Welton C. Simpson Jr.
	 	 
	 
	 	 	 	 
	 

	 	/s/ Ernie W. McWilliams Jr.
 

Ernie W. McWilliams Jr.
	 	 
	 
	 	 	 	 
	 

	 	/s/ James MacRae
 

James MacRae
	 	 
	 
	 	 	 	 
	 

	 	/s/ John M. Belk
 

John M. Belk
	 	 
	 
	 	 	 	 
	 

	 	/s/ Stephen M. Hedge
 

Stephen M. Hedge
	 	 

Investor Rights Agreement

 

 

	 	 	 	 	 
	 

	 	/s/ Timothy M. Gessner
 

Timothy M. Gessner
	 	 

Investor Rights Agreement

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