Document:

Form of Registration Rights Agreement among OurPet's and the Contributors

 Exhibit 10.36 
 Form of 
 Registration Rights Agreement 
 THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered
into as of                                     , 2008, by and
among OurPet’s Company, a Colorado corporation (the “Company”),
                                       
     ,
                                        
        , and
                                        
    , and any other entities and individuals who, at any time, acquire securities of the Company and executes a counterpart of this Agreement or otherwise agrees to be bound by this Agreement in accordance with Sections 9.8
or 9.12 hereof (each, a “Holder” and, collectively, the “Holders”). 
 WHEREAS, the
Holders have loaned funds to the Company to cover certain expenses related to litigation and product development (the “Loan”) pursuant to a contribution agreement of even date herewith (the “Contribution
Agreement”); 
 WHEREAS, the Company is issuing warrants to purchase shares of its common stock as additional
consideration for the Loan; and 
 WHEREAS, the parties desire to make provision for the grant of certain registration rights
to the Holders; 
 NOW, THEREFORE, in consideration of the foregoing and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1. Certain Definitions.
As used in this Agreement, the following terms will have the meanings listed below: 
 (a) “Commission” means the United
States Securities and Exchange Commission and includes any governmental body or agency succeeding to the functions thereof. 
 (b)
“Company Stock” means the Company’s common stock, no par value. 
 (c) “Exchange Act” means the
Securities Exchange Act of 1934, as amended, and related rules and regulations promulgated thereunder. 
 (d) “Person” means
an individual, a partnership, a corporation, an association, a joint stock company, a trust, a joint venture, a limited liability company, an unincorporated organization and a governmental entity or any department, agency or political subdivision
thereof. 
 (e) “Registrable Shares” means at any time: (i) the Company Stock then outstanding and held by any Holder
(including any Company Stock issuable upon exercise of any Warrants (as defined in the Contribution Agreement) to purchase Company Stock held by any Holder and issued in connection with the Loan (“Warrant Shares”)); (ii) any
Company Stock then issued or issuable directly or indirectly upon the conversion or exercise of other securities issued as a dividend or other distribution with respect or in replacement of any Company Stock 

 
referred to in clause (i) of this paragraph; (iii) any equity securities into which any Company Stock have been converted or exchanged;
provided, however, that Registrable Shares will not include any other shares of Company Stock that may be issued after the date of this Agreement other than the Warrant Shares, or any other shares of Company Stock that have previously been
registered pursuant to the Securities Act or that have been sold to the public pursuant to Rule 144 promulgated by the Commission under the Securities Act (“Rule 144”). For purposes of this Agreement, a Person will be deemed to be a
holder of Registrable Shares whenever that Person has the then-existing right to acquire Registrable Shares, whether or not the acquisition actually has been affected. 
 (f) “Securities Act” means the Securities Act of 1933, as amended, and related rules and regulations promulgated thereunder. 
 2. Registration Rights. 
 2.1 Right
to Piggyback. For a period of five (5) years from the date of this Agreement, whenever the Company proposes to register any of its equity securities (including any proposed registration of the Company’s securities for sale by any third
party) under the Securities Act (other than registration pursuant to a Form S-8 or S-4 or any successor form) and the registration form to be used may be used for the registration of any Registrable Shares (each, a “Piggyback
Registration”), the Company will give prompt written notice (which will be given not less than 30 days prior to the effective date of the Piggyback Registration) to each Holder holding Registrable Shares of its intention to affect the
registration and will include in the registration (and in all related registrations or qualifications under blue sky laws or in compliance with other registration requirements and in any related underwriting) all Registrable Shares with respect to
which the Company has received written requests for inclusion therein, on a pro rata basis among such Holders in proportion to their respective percentage of Company Stock held (in accordance with the priorities set forth in Sections 2.2
and 2.3 below); provided the Company has received a written request for inclusion within 15 days after the delivery of the Company ‘s notice. 
 2.2 Priority on Piggyback Primary Registrations. If a Piggyback Registration is an underwritten primary registration on behalf of the Company and the managing underwriters advise the Company in writing (with a
copy to the Holders and their counsel) that, in their opinion, the number of securities requested to be included in the registration exceeds the number which can be sold in the offering without adversely affecting the marketability of the offering,
then the Company will include in such registration: first, the Company Stock that the Company proposes to sell; second, the Registrable Shares that the Holders have requested to be included in such registration (on a pari passu
basis and ratably among such Holders in proportion to their respective percentage of Company Stock held); and third, the Company Stock held by all other Persons participating in the offering. 
 2.3 Priority on Piggyback Secondary Registrations. If a Piggyback Registration is an underwritten secondary registration on behalf of holders of
the Company’s securities (other than the Holders) and the managing underwriters advise the Company in writing (with a copy to the Holders and their counsel) that, in their opinion, the number of securities requested to be included in the
registration exceeds the number which can be sold in the offering 

  

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without adversely affecting the marketability of the offering, then the Company will include in the registration: first, the Registrable Shares held
by all Persons participating in the offering other than the Holders; and second, the Registrable Shares requested to be included in such registration by the Holders (on a pari passu basis and ratably among such Holders in proportion to
their respective percentage of Company Stock held). 
 2.4 Selection of Underwriters for Piggyback Registration. In connection with
any Piggyback Registration, the Persons having the first priority on the registration will have the right to select the managing underwriters to administer any offering of the Company’s securities in which the Company does not participate,
subject to the Company’s approval (which will not be unreasonably withheld or delayed), and the Company will have that right in any offering in which it participates. 
 3. The Company’s Holdback Agreements. The Company agrees: (i) not to affect any public sale or distribution of its equity securities, or
any securities convertible into or exchangeable or exercisable for such securities, during the seven days prior to and the 120 day period beginning on the effective date of any underwritten registration filed under the Securities Act (except as part
of any such registration or pursuant to registrations on Form S-8 or any successor form); and (ii) to use all reasonable efforts to cause each holder of at least 5% (on a fully diluted basis) of its equity securities, or any securities
convertible into or exchangeable or exercisable for its equity securities, to agree not to affect any public sale or distribution of any of their securities during that period (except as part of the underwritten registration, if otherwise
permitted), unless the underwriters managing the registered public offering otherwise agree in writing. 
 4. Registration Procedures.
The Company will use its best efforts to affect the registration and sale of the Registrable Shares in accordance with the intended method of disposition and, pursuant to the request, the Company will as expeditiously as possible: 
 (a) prepare and file with the Commission a registration statement, and all amendments and supplements thereto and related prospectuses as may be necessary
to comply with applicable securities laws, with respect to the Registrable Shares and use its best efforts to cause the registration statement to become effective; provided that before filing a registration statement or prospectus, or any
amendments or supplements, the Company will, at least ten business days prior to filing, furnish copies of all of the documents proposed to be filed to counsel selected by the holders of a majority of the Registrable Shares, which documents will be
subject to the review and comment of that counsel; 
 (b) notify each holder of Registrable Shares of the effectiveness of each registration
statement filed hereunder and prepare and file with the Commission any amendments and supplements to the registration statement and the prospectus(es) used in connection with the registration statement that may be necessary to keep the registration
statement effective for a period of either (i) not less than three months or, if the registration statement relates to an underwritten offering, any longer period as in the opinion of counsel for the underwriters a prospectus is required by law
to be delivered in connection with sales of Registrable Shares by an underwriter or dealer or (ii) such shorter period as will terminate when all of the securities 

  

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covered by the registration statement have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth
in the registration statement (but in any event not before the expiration of any longer period required under the Securities Act), and to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by
the registration statement until all of the securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers listed in the registration statement; 
 (c) furnish to the selling Holders as many copies of the registration statement, each amendment and supplement, the prospectus(es) included in the
registration statement (including each preliminary prospectus) and any other documents that the selling Holders may reasonably request in order to facilitate the disposition of the Registrable Shares owned by the Holders; 
 (d) make every reasonable effort to obtain the prompt withdrawal of any order suspending the registration in the event that the registration statement
ceases to be effective for any reason at any time (other than because of the sale of all of the securities registered by the registration statement); 
 (e) use its best efforts to register or qualify the Registrable Shares under the securities or blue sky laws of any jurisdictions that any selling Holder or any underwriter reasonably requests and do any and all other
acts and things that may be reasonably necessary or advisable to enable the selling Holders or any underwriter to consummate the disposition in these jurisdictions of the Registrable Shares; provided that the Company will not be
required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 4(e), (ii) subject itself to taxation in any jurisdiction or (iii) consent to
general service of process in any jurisdiction; 
 (f) promptly notify the selling Holders (i) at any time when a prospectus relating to
the Registrable Shares is required to be delivered under the Securities Act, (ii) of any request by the Commission or any other federal or state governmental authority of any order suspending the effectiveness of the registration statement or
the initiation of any proceedings for that purpose, (iii) of any request by the Commission or any federal or state governmental authority for amendments or supplements to the registration statement or prospectus or for additional information,
and (iv) of the happening of any event as a result of which the prospectus included in the registration statement contains an untrue statement of material fact or omits any fact necessary to make the statement in the prospectus not misleading,
and, at the request of the selling Holders or their counsel, the Company will prepare a supplement or amendment to the prospectus or registration statement so that, as thereafter delivered to the purchasers of the Registrable Shares, the prospectus
or registration statement will not contain any untrue statements of material fact or omit to state any fact necessary to make the statements in the prospectus not misleading; 
 (g) cause all Registrable Shares included in the registration to be listed or quoted on each securities exchange or quotation system on which similar
securities issued by the Company are then listed or quoted; 
  

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 (h) provide a transfer agent and registrar for all Registrable Shares included in the registration not
later than the effective date of the registration statement; 
 (i) cooperate with the selling Holders to facilitate the timely preparation
and delivery of certificates representing Registrable Shares to be sold and not bearing any restrictive legends, and to enable the Registrable Shares to be in the denominations and registered in the names reasonably requested by the selling Holders;

 (j) enter into any customary agreements (including underwriting agreements in customary form) and take all other actions that the holders
of a majority of the Registrable Shares being sold may reasonably request in order to expedite or facilitate the disposition of the Registrable Shares; 
 (k) make available for inspection by any selling Holder, any underwriter participating in any disposition pursuant to the registration statement and any attorney, accountant or other agent retained by the selling
Holders or any underwriter, all financial and other records, pertinent corporate documents and properties of the Company, and cause the Company ‘s officers, directors, employees and independent accountants to supply all information reasonably
requested by any selling Holder or any underwriter, attorney, accountant or agent in connection with the registration statement; 
 (l)
advise each selling Holder, promptly after it receives notice or obtains knowledge, of the issuance of any stop order by the Commission or any state securities or other regulatory authority suspending the effectiveness of the registration statement
or the initiation or threatening of any proceeding for that purpose and promptly use its best efforts to prevent the issuance of any stop order or to obtain its withdrawal if the stop order is issued; 
 (m) at the request of the selling Holders in connection with an underwritten offering, furnish on the date or dates provided for in the underwriting
agreement: (i) an opinion of outside counsel, dated as of the effective date of such registration statement, addressed to the underwriters and the selling Holders, covering any matters that the underwriters and holders of a majority of the
Registrable Shares being sold may reasonably request, including any matters that are customarily furnished in connection with an underwritten offering; and (ii) a comfort letter or letters, dated as of the effective date of such registration
statement, from the independent certified public accountants of the Company addressed to the underwriters and the selling Holders, covering any matters that the underwriters and holders of a majority of the Registrable Shares being sold reasonably
request, in which letter(s) the accountants will state, without limiting the generality of the foregoing, that they are independent certified public accountants within the meaning of the Securities Act and that in their opinion the financial
statements and other financial data of the Company included in the registration statement, the prospectus(es), or any amendment or supplement, comply in all material respects with the applicable accounting requirements of the Securities Act;

 (n) otherwise use its best efforts to comply with all applicable rules and regulations of the Commission; 
  

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 (o) if requested by the managing underwriter or the holders of a majority of the Registrable Shares being
sold, promptly incorporate in a prospectus supplement or post-effective amendment any information that the managing underwriter or holders of a majority of the Registrable Shares being sold reasonably requests to be therein, including, without
limitation, with respect to the Registrable Shares being sold by the Holders, the purchase price being paid for the equity interests by the underwriters and with respect to any other terms of the underwritten offering of the Registrable Shares to be
sold in the offering, and promptly make all required filings of the prospectus supplement or post-effective amendment; 
 (p) cooperate with
each selling Holder and underwriter participating in the disposition of the Registrable Shares and their respective counsel in connection with any filings required to be made with the NASD; 
 (q) during the period when the prospectus is required to be delivered under the Securities Act, promptly file all documents required to be filed with the
Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act; and 
 (r) notify the selling Holders promptly of any
request by the Commission for the amendment or supplementation of the registration statement or prospectus or for additional information. 
 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 the distribution of such securities as the Company may from
time to time reasonably request in writing. 
 5. Registration Expenses. All expenses incident to the Company’s performance of or
compliance with this Agreement, including, but not limited to, all registration and filing fees, fees and expenses of compliance with securities or blue sky laws, printing expenses, messenger and delivery expenses, and fees and disbursements of
counsel for the Company and its independent certified public accountant, underwriters (excluding discounts and commissions) and other Persons retained by the Company (collectively, “Registration Expenses”), will be paid for by the
Company. In addition, the Company will pay its internal expenses (including, but not limited to, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit or quarterly review, the
expense of any liability insurance obtained by the Company, the expenses and fees for listing the securities to be registered on each securities exchange, expenses incurred in obtaining any comfort letters, and all fees and expenses associated with
filings required to be made with the NASD. 
 6. Indemnification. 
 6.1 By the Company. The Company agrees to indemnify and reimburse, to the fullest extent permitted by law, each Holder, its officers, directors,
managers, partners, shareholders, employees and agents and each Person who controls each Holder (within the 

  

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meaning of the Securities Act) against all losses, claims, damages, liabilities and expenses (including, but not limited to, reasonable attorneys’ fees)
to which that Holder or any of its directors, managers, officers, partners, shareholders, members, employees, agents or controlling Persons may become subject under the Securities Act or otherwise, to the extent such losses, claims, damages or
liabilities (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon (i) any untrue or alleged untrue statement of material fact contained in (A) any registration statement, prospectus
or preliminary prospectus or any amendment thereof or supplement thereto, or (B) any application or other document or communication (collectively, an “application”) executed by or on behalf of the Company or based upon written
information furnished by or on behalf of the Company filed in any jurisdiction in order to qualify any securities covered by such registration statement under the “blue sky” or securities laws thereof, (ii) any omission or alleged
omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, or (iii) any violation by the Company of any rule or regulation promulgated under the Securities Act applicable to the Company
and relating to action or inaction required of the Company in connection with any such registration, qualification or compliance, and the Company will reimburse each Holder and each such director, officer, partner, shareholder, employee, agent and
controlling Person (within the meaning of the Securities Act) for any legal or any other expenses incurred by them in connection with investigating, preparing to defend or defending any such loss, claim, liability, action or proceeding; except the
Company will not be liable to a Holder insofar as the same are directly caused by statements or omissions made in reliance on and in strict conformity with the information furnished in writing to the Company by such Holder expressly for use therein
or by such Holder’s failure to deliver a copy of the prospectus or any amendments or supplements thereto after the Company has furnished that Holder with a sufficient number of copies of the same. In connection with an underwritten offering,
the Company will indemnify such underwriters, their officers, directors, partners and shareholders and each Person who controls such underwriters (within the meaning of the Securities Act) to the extent customary. The payments required by this
Section 6.1 will be made periodically during the course of the investigation, preparation of defense or defense, as and when bills are received or expenses incurred, subject to an obligation of repayment in the event such indemnity is
determined not to be owed. 
 6.2 By the Holders. In connection with any registration statement in which a Holder is participating,
that Holder will furnish to the Company in writing such information as the Company reasonably requests for use in connection with any such registration statement, preliminary prospectus or prospectus, or any amendment or supplement thereto and, to
the extent permitted by law, will indemnify the Company and each other Holder and its directors, managers, officers, employees, members, shareholders and each Person who controls the Company and each Holder (within the meaning of the Securities Act)
against any losses, claims, damages, liabilities and expenses (including, but not limited to, reasonable attorneys’ fees) to which the Company or any Holder or any such director, manager, officer, employee, shareholder or controlling Person may
become subject under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon (i) any untrue or
alleged untrue statement of material fact contained in the registration statement, prospectus or preliminary prospectus or any amendment thereof or supplement thereto or in any application or (ii) any 

  

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omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, but only to the
extent that such untrue statement or omission is made in such registration statement, any such prospectus or preliminary prospectus or any amendment or supplement thereto, or in any application, in reliance upon and in conformity with written
information prepared and furnished to the Company by that Holder expressly for use therein, and that Holder will reimburse the Company and each such director, manager, officer, employee, shareholder and controlling Person for any legal or any other
expenses incurred by them in connection with investigating or defending any such loss, claim, liability, action or proceeding; provided, however, that the Holder shall not be liable in any such case to the extent that, prior to the
filing of any such registration statement or prospectus or amendment thereof or supplement thereto, the Holder has furnished in writing to the Company information expressly for use in such registration statement or prospectus or any amendment
thereof or supplement thereto that corrected or made not misleading information previously furnished to the Company. 
 6.3 Procedure.
Any Person entitled to indemnification hereunder will (i) give prompt written notice to the indemnifying Person of any claim with respect to which it seeks indemnification (provided that the failure to give such notice shall not limit
the rights of such Person except to the extent such failure to provide notice materially prejudices the indemnifying Person) and (ii) unless in such indemnified Person’s reasonable judgment a conflict of interest between such indemnified
and indemnifying parties may exist with respect to such claim, permit such indemnifying Person to assume the defense of such claim with counsel reasonably satisfactory to the indemnified Person; provided, however, that any Person entitled to
indemnification hereunder shall have the right to employ separate counsel and to participate in the defense of such claim, but the fees and expenses of such counsel shall be at the expense of such Person unless (x) the indemnifying party has
agreed to pay such fees or expenses, or (y) the indemnifying party shall have failed to assume the defense of such claim and employ counsel reasonably satisfactory to such Person. If such defense is not assumed by the indemnifying party as
permitted hereunder, the indemnifying party will not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent will not be unreasonably delayed or withheld). If such defense is assumed by the
indemnifying party pursuant to the provisions hereof, such indemnifying party shall not settle or otherwise compromise the applicable claim unless (i) such settlement or compromise contains a full and unconditional release of the indemnified
party or (ii) the indemnified party otherwise consents in writing. An indemnifying Person who is not entitled to, or elects not to, assume the defense of a claim will not be obligated to pay the fees and expenses of more than one counsel for
all parties indemnified by such indemnifying Person with respect to such claim, unless in the reasonable judgment of any indemnified Person a conflict of interest may exist between such indemnified Person and any other of such indemnified parties
with respect to such claim. 
 6.4 Contribution. Each party agrees that, if for any reason the indemnification provisions contemplated
by this Section 6 are unavailable to or insufficient to hold harmless an indemnified party in respect of any losses, liabilities, claims, damages or expenses (or actions in respect thereof) referred to therein, then each indemnifying
party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, liabilities, claims, damages or expenses (or actions in respect 

  

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thereof) in such proportion as is appropriate to reflect the relative fault of the indemnifying party, on the one hand, and the indemnified party, on the
other hand, in connection with the actions that resulted in the losses, liabilities, claims, damages, 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 the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact 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 statement or omission. The parties hereto agree that it would not be just and equitable if contribution pursuant to this
Section 6.4 were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in this Section 6.4. The amount paid or payable by an
indemnified party as a result of the losses, liabilities, claims, damages or expenses (or actions or proceedings in respect thereof) shall be deemed to include any legal or other fees or expenses reasonably incurred by such indemnified party in
connection with investigating or, except as provided in Section 6.3, defending any such action or claim. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled
to contribution from any Person who was not guilty of such fraudulent misrepresentation. If indemnification is available under this Section 6, the indemnifying parties shall indemnify each indemnified party to the full extent provided in
this Section 6 without regard to the relative fault of such indemnifying party or indemnified party or any other equitable consideration provided for in this Section 6.4. 
 6.5 Nonexclusivity. The indemnification and contribution by any Person provided for under this Agreement shall be in addition to any other rights
to indemnification or contribution which any indemnified party may have at law or in equity or pursuant to contract. 
 6.6 Survival.
The indemnification provided for under this Agreement will remain in full force and effect regardless of any investigation made by or on behalf of the indemnified Person or any officer, director, employee, agent or controlling Person of such
indemnified Person and will survive the transfer of securities. The Company also agrees to make such provisions as are reasonably requested by any indemnified Person for contribution to such Person in the event the Company’s indemnification is
unavailable for any reason. 
 6.7 Underwriting Agreement. Notwithstanding the foregoing, to the extent that the provisions on
indemnification and contribution contained in any underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control.

 7. Participation in Underwritten Registrations. No Person may participate in any registration hereunder that is underwritten unless
such Person (i) agrees to sell its securities on the basis provided in any underwriting arrangements approved by such Person or Persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires,
powers of attorney, custody agreements, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements; provided, however, that no Holder will be required to make any
representations or warranties in connection with any registration other than as to (x) that Holder’s ownership of its Registrable 

  

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Shares to be sold or transferred free and clear of all liens, claims, and encumbrances, (y) that Holder’s power and authority to effect such
transfer, and (z) such matters pertaining to the compliance with securities laws as may be reasonably requested. 
 8. Current Public
Information. The Company will file, based upon information furnished by Holders, all reports required to be filed by it under the Securities Act and the Exchange Act and will take such further action as any Holder may reasonably request to
enable that Holder to sell Registrable Shares pursuant to Rule 144 or Rule 144A promulgated by the Commission under the Securities Act (as such rules may be amended from time to time) or any similar rules or regulations hereafter adopted by the
Commission. Upon reasonable request, the Company shall deliver to any holder of Registrable Shares a written statement as to whether it has complied with such requirements. 
 9. Miscellaneous. 
 9.1 No
Inconsistent Agreements. The Company will not enter into any agreement with respect to its securities that is inconsistent with the rights granted to the Holders in this Agreement without the prior written consent of the holders of a majority of
the Registrable Shares. 
 9.2 Adjustments Affecting Registrable Shares. The Company will not take any action, or permit any change to
occur, with respect to its securities that would adversely affect the ability of any Holder to include Registrable Shares in a registration undertaken pursuant to this Agreement or that would adversely affect the marketability of Registrable Shares
in any registration. 
 9.3 Remedies. Any Person having rights under any provision of this Agreement will be entitled to enforce those
rights specifically, to recover damages caused by reason of any breach of any provision of this Agreement and to exercise all other rights granted by law, in equity, or otherwise. The parties hereto agree and acknowledge that money damages may not
be an adequate remedy for any breach of the provisions of this Agreement and that, in addition to any other rights and remedies existing in its favor, any party shall be entitled to specific performance and/or other injunctive relief from any court
of law or equity of competent jurisdiction (without posting any bond or other security) in order to enforce or prevent violation of the provisions of this Agreement. 
 9.4 Notices. Any notice required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery, or five (5) days after deposit in the United
States mail, by registered or certified mail (or airmail, if notice shall be sent outside the United States), postage prepaid, or two (2) days after delivery to a nationally known air courier company, addressed (i) if to the Company, to
the Company’s address as set forth below the Company’s name on the signature page of this Agreement, and (ii) if to a Holder, to such Holder’s address as set forth on the signature page of this Agreement, or at such other address
as the Company or such Holder may designate by ten (10) days advance written notice to the other parties hereto. 
  

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 9.5 Amendment. Except as otherwise provided herein, no change in, modification of or amendment to
this Agreement will be valid unless it is in writing and signed by the holders of a majority of the outstanding Registrable Shares. 
 9.6
Waiver. No waiver of any provision of this Agreement will be valid unless in writing and signed by the person against whom it is sought to be enforced. The failure of any party at any time to insist upon strict performance of any condition,
promise, agreement and understanding set forth herein will not be construed as a waiver or relinquishment of the right to insist upon strict performance of the same condition, promise, agreement or understanding at a future date. 
 9.7 Assignment. The Company may not assign any of its rights or obligations under this Agreement without the written consent of all of the other
parties to this Agreement. Each Holder may, by notice to the Company, assign this Agreement or any rights or obligations thereunder to any “Affiliate” as such term defined in the Exchange Act; provided, however, that no such
assignment will be made to a competitor of the Company, as determined by the Board of Directors of the Company in its reasonable discretion and that any such Affiliate shall execute a joinder in the form of Exhibit A attached hereto.

 9.8 Binding Effect. This Agreement will inure to the benefit of and be binding upon the parties to this Agreement and their
respective heirs, beneficiaries, legatees, distributees, estates, executors, administrators, personal representatives, successors and permitted assigns, as the case may be. 
 9.9 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Ohio applicable to contracts
made and to be performed entirely within that State. 
 9.10 Severability. The invalidity or unenforceability of any particular
provision of this Agreement shall not affect the other provisions hereof, and this Agreement will be construed in all respects as if the invalid or unenforceable provisions were omitted. 
 9.11 Additional Parties; Joinder. The Company may permit any Person, with the consent of the holders of a majority of the outstanding Registrable
Shares, who acquires Company Stock or rights to acquire Company Stock after the date hereof to become a party to this Agreement and to succeed to all of the rights and obligations of a holder of Registrable Shares under this Agreement by obtaining
an executed joinder to this Agreement from such Person in the form of Exhibit A attached hereto, and upon the execution and delivery of the joinder by such Person, such Person shall for all purposes be a holder of Registrable Shares and party
to this Agreement. 
 9.12 Other Registration Rights. The Company will not grant to any Person or Persons the right to request the
Company to register any equity securities of the Company, or any securities convertible or exchangeable into or exercisable for any equity securities of the Company, where such right is on a basis senior with the rights granted to the holders of
Registrable Shares hereunder without the prior written consent of the holders of a majority of the 

  

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Registrable Shares; provided, however, that the Company may grant any Person or Persons the right to request the Company to register any equity
securities of the Company, or any securities convertible or exchangeable into or exercisable for any equity securities of the Company, where such right is on a basis pari passu with the rights granted to the holders of Registrable Shares
hereunder. 
 9.13 Integration. This Agreement sets forth all of the promises, agreements, conditions and understandings among the
parties hereto with respect to the subject matter hereof, and supersedes and is intended to be an integration of any and all prior agreements or understandings with respect thereto. 
 9.14 Execution in Counterparts. This Agreement may be executed by any one or more of the parties in any number of counterparts, each of which will
be deemed to be an original, but all such counterparts will together constitute one and the same instrument. The execution of counterparts will not be deemed to constitute delivery of this Agreement by any party. 
 [signature page follows] 
  

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

									
		 		 		 	COMPANY:
				
		 		 		 	OURPET’S COMPANY
					
	Address:	 	1300 East Street	 		 	By:	 	  

		 	Fairport Harbor, OH 44077	 		 		 	Steven Tsengas, President
				
		 		 		 	HOLDERS:
				
		 		 		 	[– – – – – – – – – – – – – –]
					
	Address:	 	  
	 		 	By:	 	  

		 	  
	 		 	Name:	 	  

				
		 		 		 	[– – – – – – – – – – – – – –]
					
	Address:	 	  
	 		 	By:	 	  

		 	  
	 		 	Name:	 	  

				
		 		 		 	[– – – – – – – – – – – – – –]
					
	Address:	 	  
	 		 	By:	 	  

		 	  
	 		 	Name:	 	  

				
		 		 		 	[– – – – – – – – – – – – – –]
					
	Address:	 	  
	 		 	By:	 	  

		 	  
	 		 	Name:	 	  

 [signature pages continue] 
  

 13 

 IN WITNESS WHEREOF, the undersigned have executed and
delivered this Registration Rights Agreement as of the date first written above as holders of at least 5% of the equity securities of the Company and only to evidence their agreement to cooperate with the Company in connection with the requirements
of Section 3(ii) above. 
  

			
	  

	Steven Tsengas
	
	  

	Evangelia S. Tsengas
	
	  

	Konstantine S. Tsengas
	
	  

	Nicholas S. Tsengas
	
	
	Pet Zone Products Ltd.
		
	By:	 	  

	Name:	 	  

	Its:	 	  

  

 14 

 EXHIBIT A 
 REGISTRATION RIGHTS AGREEMENT 
 Joinder 
 The undersigned is executing and delivering this Joinder pursuant to the Registration Rights Agreement dated as of February
    , 2008 (as the same may hereafter be amended, the “Registration Agreement”), among OurPet’s Company, a Colorado corporation (the “Company”), and the other persons named as parties
therein. 
 By executing and delivering this Joinder to the Company, the undersigned hereby agrees to become a party to, to be bound by, and
to comply with the provisions of the Registration Agreement as a holder of Registrable Shares in the same manner as if the undersigned were an original signatory to the Registration Agreement, the undersigned shall be considered a holder of
                         Registrable Shares under the Registration Agreement, and the undersigned’s
                     shares of
                         shall be included as
                                 Registrable Shares under the Registration
Agreement. 
 Accordingly, the undersigned has executed and delivered this Joinder as of the      day of
                    , 200    . 
  

	
	  

	Signature of Holder
	
	  

	Print Name of Holder

  

 15Form of senior debt security --medium-term note

 Exhibit 4.01 
 LEHMAN BROTHERS HOLDINGS INC. 
 Autocallable Optimization Securities with Contingent Protection Linked to the S&P
500® Financials Index Due August 10, 2009 
  

			
	Number R-1	 	$48,310,620
	ISIN US52522L6570	 	CUSIP 52522L657

 See Reverse for Certain Definitions 
 THIS SECURITY (THIS “SECURITY”) IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN
THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A
NOMINEE OF THE DEPOSITORY TO SUCH DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TO LEHMAN BROTHERS HOLDINGS INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 LEHMAN BROTHERS
HOLDINGS INC., a corporation duly organized and existing under the laws of the State of Delaware (hereinafter called the “Company”), for value received, hereby promises to pay to CEDE & CO. or registered assigns, at the
office or agency of the Company in the Borough of Manhattan, The City of New York, on the Maturity Date, or any earlier Call Settlement Date in such coin or currency of the United States of America at the time of payment shall be legal tender for
the payment of public and private debts, for each $10 principal amount of the Securities represented hereby, an amount equal to the Payment at Maturity or, in the case of an earlier Call Settlement Date, the Call Price. THE SECURITIES REPRESENTED
HEREBY SHALL NOT BEAR ANY INTEREST. 
 Any amount payable on the Maturity Date or any Call Settlement Date, as applicable, hereon will be
paid only upon presentation and surrender of this Security. 
 REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET FORTH
ON THE REVERSE HEREOF WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 
  

 “Standard & Poor’s”, “S&P”, “S&P 500” and
“Standard & Poor’s 500” are trademarks of The McGraw-Hill Companies, Inc. and are expected to be licensed for use by Lehman Brothers Inc. and sub-licensed for use by the Company. The Securities, which are linked to the
performance of the S&P 500® Financials Index, are not sponsored, endorsed, sold or promoted by Standard & Poor’s, and Standard & Poor’s makes no
representation regarding the advisability of investing in the Securities. This Security shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture
referred to on the reverse hereof. 

 IN WITNESS WHEREOF, Lehman Brothers Holdings Inc. has caused this instrument to be signed by its
Chairman of the Board, its President, its Vice Chairman, its Chief Financial Officer, one of its Vice Presidents or its Treasurer, by manual or facsimile signature under its corporate seal, attested by its Secretary or one of its Assistant
Secretaries by manual or facsimile signature. 
  

							
	Dated: February 8, 2008	 	LEHMAN BROTHERS HOLDINGS INC.	 	
				
	[SEAL]	 	By:	 	  
	 	
		 		 	Vice President	 	
				
		 	Attest:	 	  
	 	
		 		 	Assistant Secretary	 	

  
 TRUSTEE’S CERTIFICATE OF
AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	 CITIBANK, N.A.
 as
Trustee

		
	By:	 	  

		 	    Authorized Officer

 Reverse of Security 
 This Security is one of a duly authorized series of Securities of the Company designated as Autocallable Optimization Securities with Contingent Protection Linked to the S&P 500® Financials Index Due August 10, 2009 (herein called the “Securities”). The Company may, without the consent of the holders of the Securities, create and issue additional securities ranking
equally with the Securities and otherwise similar in all respects so that such additional securities shall be consolidated and form a single series with the Securities; provided that no additional securities can be issued if an Event of Default has
occurred with respect to the Securities. This series of Securities is one of an indefinite number of series of debt securities of the Company, issued and to be issued under an indenture, dated as of September 1, 1987, as amended (herein called
the “Indenture”), duly executed and delivered by the Company and Citibank, N.A., as trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all
indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities. 
 The Payment at Maturity or the Call Price on any earlier Call Settlement Date, as the case may be, at the request of the Trustee, shall be determined by
the Calculation Agent pursuant to the Calculation Agency Agreement. The Trustee shall fully rely on the determination by the Calculation Agent of the Payment at Maturity or the Call Price, as the case may be, and shall have no duty to make any such
determination. The Calculation Agent will provide written notice to the Trustee at its New York office, on which notice the Trustee may conclusively rely, of the Payment at Maturity or the Call Price, as the case may be, on or prior to 11:00 a.m. on
the Business Day preceding the Maturity Date or the applicable Call Settlement Date, as the case may be. 
 All calculations with respect to
the Index Starting Level, the Index Ending Level, the Index Return or any Index Closing Level will be rounded to the nearest one hundred-thousandth, with five one-millionths rounded upward (e.g., .876545 would be rounded to .87655); all
dollar amounts related to determination of the payment per $10 principal amount Security on the Maturity Date or on any earlier Call Settlement Date will be rounded to the nearest ten-thousandth, with five one hundred-thousandths rounded upward
(e.g., .76545 would be rounded up to .7655); and all dollar amounts paid on the aggregate principal amount of Securities per Holder will be rounded to the nearest cent, with one-half cent rounded upward. 
 This Security is not subject to any sinking fund. 
 If an Event of Default with respect to the Securities shall occur and be continuing, the amounts payable on all of the Securities may be declared due and payable in the manner and with the effect provided in the Indenture. The amount
payable to the Holder hereof upon any acceleration permitted under the Indenture will be equal to the Payment at Maturity calculated as though the date of acceleration were the Maturity Date and the third Business Day immediately preceding the date
of acceleration were the Final Valuation Date. If the maturity of the Securities is accelerated because of an Event of Default, the Company shall, or shall cause the Calculation Agent to, provide written notice to the Trustee at its New York office,
on which notice the Trustee may conclusively rely, and to The Depository Trust Company of the cash amount due with respect to the Securities as promptly as possible and in no event later than two Business Days after the date of acceleration.

 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the
holders of not less than 66 2/3% in aggregate principal amount of each series of Securities at the time Outstanding to be
affected (each series voting as a class), evidenced as in the Indenture provided, to execute supplemental indentures adding any provisions to, or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental
indenture or modifying in any manner the rights of the holders of the Securities of all such series; provided, however, that no such supplemental indenture shall, among other things, (i) change the Maturity Date or any Call
Settlement Date of any Security, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, if any, or reduce any premium payable on redemption or settlement, or make the principal thereof, or
premium, if any, or interest thereon, if any, payable in any coin or currency other than that hereinabove provided, without the consent of the holder of each Security so affected, or (ii) change the place of payment on any Security, or impair
the right to institute suit for payment on any Security, or reduce the aforesaid percentage of Securities, the holders of which are required to consent to any such supplemental indenture, without the consent of the holders of each Security so
affected. It is also provided in the Indenture that, prior to any declaration accelerating the maturity of any series of Securities, the holders of a majority in aggregate principal amount of the Securities of such series Outstanding may on behalf
of the holders of all the Securities of such series waive any past default or Event of Default under the Indenture with respect to such series and its consequences, except a default in the payment of interest, if any, or the principal of, or
premium, if any, on any of the Securities of such series, or in the payment of any sinking fund installment or analogous obligation with respect to Securities of such series. Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future holders and owners of this Security and any Securities which may be issued in exchange or substitution hereof, irrespective of whether or not any notation thereof is made upon this Security
or such other Securities. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter
or impair the obligation of the Company, which is absolute and unconditional, to pay the Payment at Maturity or any Call Price, as applicable, with respect to this Security. 
 The Securities are issuable in denominations of $10 and any whole multiples of $10. 
 The Company, the Trustee, and any agent of the Company or of the Trustee may deem and treat the registered holder (the “Holder”) hereof
as the absolute owner of this Security (whether or not this Security shall be overdue and notwithstanding any notation of ownership or other writing hereon), for the purpose of receiving payment hereof, or on account hereof, and for all other
purposes and neither the Company nor the Trustee nor any agent of the Company or of the Trustee shall be affected by any notice to the contrary. All such payments made to or upon the order of such registered holder shall, to the extent of the sum or
sums paid, effectually satisfy and discharge liability for moneys payable on this Security. 
 No recourse for the payment of the principal
of, premium, if any, or interest on this Security, or for any claim based hereon or otherwise in respect hereof, and no recourse under or 

 
upon any obligation, covenant or agreement of the Company in the Indenture or any indenture supplemental thereto or in any Security, or because of the
creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company or
any successor corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the
issue hereof, expressly waived and released. 
 As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the Corporate Trust Office or agency in a Place of Payment for this Security, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Securities of this series or
of like tenor and of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Company intends to treat, and by purchasing this Security, the Holder agrees to treat, for all tax purposes, this Security as a cash-settled financial contract, rather than as a debt instrument. 
 THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 Definitions 
 Set forth below are definitions of the
terms used in this Security. 
 An “Automatic Call” occurs if the Index Closing Level on any Observation Date is above or
equal to the Index Starting Level. Upon the occurrence of an Automatic Call, the Securities will be automatically called for a cash payment, per $10 principal amount Security that will equal the applicable Call Price. 
 If the Securities are subject to an Automatic Call on an Observation Date other than the Final Valuation Date, the Holders will receive a cash payment
of applicable Call Price on the applicable Call Settlement Date. If the Securities are subject to an Automatic Call on the Final Valuation Date, the Holders will receive a cash payment of the applicable Call Price on the Maturity Date. 

“Business Day”, notwithstanding any provision in the Indenture, shall mean any day that is not a Saturday or Sunday and that is not
a day on which banking institutions in the City of New York are authorized or obligated by law to close. 
 “Calculation Agency
Agreement” shall mean the Calculation Agency Agreement, dated as of December 21, 2006 between the Company and the Calculation Agent, as amended from time to time, or any successor calculation agency agreement. 

 “Calculation Agent” shall mean the person that has entered into an agreement with the
Company providing for, among other things, the determination of the Payment at Maturity or the Call Price, as the case may be, which term shall, unless the context otherwise requires, include its successors and assigns. The initial Calculation Agent
shall be Lehman Brothers Inc. 
 The “Call Price”, as calculated by the Calculation Agent, payable on the first occurrence,
if any, of a Call Settlement Date shall equal a cash payment per $10 principal amount of Securities equal to the amounts specified for the applicable Observation Date set forth in the table below: 
  

				
	 Observation Date
	  	Call Price
	May 5, 2008	  	$	10.52
	August 5, 2008	  	$	11.04
	November 5, 2008	  	$	11.56
	February 5, 2009	  	$	12.08
	May 5, 2009	  	$	12.61
	Final Valuation Date	  	$	13.13

 “Call Settlement Date” shall mean the third Business Day following any
Observation Date on which the Index Closing Level is at or above the Index Starting Level. 
 “Closing Price” of a
security, on any particular day, means the last reported sales price for that security on the Relevant Exchange at the scheduled weekday closing time of the regular trading session of the Relevant Exchange. If, however, the security is not listed or
traded on a bulletin board, then the Closing Price of the security will be determined using the average execution price per share that an affiliate of the Company pays or receives upon the purchase or sale of the security used to hedge the
Company’s obligations under the Securities. 
 “Company” shall have the meaning set forth on the face of this
Security. 
 “Final Valuation Date” shall mean August 5, 2009. If the Final Valuation Date is not a Trading Day or if
there is a Market Disruption Event on such day, the Final Valuation Date will be the immediately succeeding Trading Day during which no Market Disruption Event shall have occurred or is continuing; provided, however, that the Index
Closing Level will not be determined on a date later than the eighth scheduled Trading Day after the scheduled Final Valuation Date, and if such day is not a Trading Day, or if there is a Market Disruption Event on such date, the Calculation Agent
will determine the Index Closing Level on such date in accordance with the formula for and method of calculating the Index Closing Level last in effect prior to commencement of the Market Disruption Event (or prior to the non-Trading Day), using the
Closing Price (or, if trading in the relevant securities has been materially suspended or materially limited, it’s good faith estimate of the Closing Price that would have prevailed but for such suspension or limitation or non-Trading Day) on
such eighth scheduled Trading Day of each security most recently constituting the Index. 
 “Holder” shall have the meaning
set forth on the reverse of this Security. 

 “Indenture” shall have the meaning set forth on the reverse of this Security.

 “Index” shall mean the S&P 500® Financials Index, as
calculated, published and disseminated by S&P. 
 “Index Closing Level”, as determined by the Calculation Agent, shall
mean, with respect to any Trading Day, the closing level of the Index or the Successor Index, as the case may be, at the regular official weekday close of the principal trading session of the Relevant Exchange or market for the Index or the
Successor Index, as the case may be, on such day, or as determined by the Calculation Agent pursuant to the Calculation Agency Agreement as described below under “Discontinuation of the Index; Alteration of Method of Calculation.”

 “Index Return”, as calculated by the Calculation Agent, is calculated as follows: 
  

	
	Index Ending Level — Index Starting Level
	Index Starting Level

 “Index Ending Level” shall equal the Index Closing Level on the Final Valuation
Date. 
 “Index Starting Level” shall equal 369.44. 
 “Index Sponsor” with respect to the Index shall be Standard & Poor’s (“S&P”), a division of The McGraw-Hill
Companies, Inc. The Calculation Agent, in its sole discretion, may select a new Index Sponsor as described under “Discontinuation of the Index: Alteration of Method of Calculation. 
 “Market Disruption Event”, with respect to the Index or any Successor Index shall mean any of the following events has occurred on any
day as determined by the Calculation Agent: 
 (1) a suspension, absence or material limitation of trading of stocks then constituting 20%
or more of the level of the Index (or the relevant Successor Index) on the Relevant Exchanges for such securities at any time during the one hour period preceding the close of the principal trading session on such Relevant Exchange; 
 (2) a breakdown or failure in the price and trade reporting systems of any Relevant Exchange as a result of which the reported trading prices for stocks
then constituting 20% or more of the level of the Index (or the relevant Successor Index) at any time during the one hour period preceding the close of the principal trading session on such Relevant Exchange are materially inaccurate; 
 (3) a suspension, absence or material limitation of trading on any major securities exchange for trading in futures or options contracts or exchange
traded funds related to the Index (or the relevant Successor Index) at any time during the one hour period preceding the close of the principal trading session on such exchange; or 

 (4) a decision to permanently discontinue trading in the relevant futures or options contracts or
exchange traded funds; 
 in each case as determined by the calculation agent in its sole discretion. 
 For the purpose of determining whether a Market Disruption Event exists at any time, if trading in a security included in the Index is materially
suspended or materially limited at that time, then the relevant percentage contribution of that security to the level of the Index shall be based on a comparison of: 
  

	 	(1)	the portion of the level of the Index attributable to that security relative to 

  

	 	(2)	the overall level of the Index, 

 in each case
immediately before that suspension or limitation. 
 For purposes of determining whether a Market Disruption Event has occurred: 

(1) a limitation on the hours or number of days of trading will not constitute a Market Disruption Event if it results from an announced change in
the regular business hours of the Relevant Exchange or market; 
 (2) limitations pursuant to the rules of any Relevant Exchange similar to
NYSE Rule 80B (or any applicable rule or regulation enacted or promulgated by any other self-regulatory organization or any government agency of scope similar to NYSE Rule 80B as determined by the Calculation Agent in its sole discretion) on trading
during significant market fluctuations will constitute a suspension, absence or material limitation of trading; 
 (3) a suspension of
trading in futures or options contracts on the Index by the primary securities market trading in such contracts by reason of (i) a price change exceeding limits set by such exchange or market, (ii) an imbalance of orders relating to such
contracts, or (iii) a disparity in bid and ask quotes relating to such contracts, will, in each such case, constitute a suspension, absence or material limitation of trading in futures or options contracts related to the Index; and 

(4) a suspension, absence or material limitation of trading on any Relevant Exchange or on the primary market on which futures or options contracts
related to the Index are traded will not include any time when such market is itself closed for trading under ordinary circumstances. 
 “Maturity Date” shall mean August 10, 2009, unless that day is not a Business Day, in which case the amount equal to the Payment at Maturity that would otherwise be due on the scheduled Maturity Date will instead be
due on the next succeeding Business Day following such scheduled Maturity Date, with the same effect as if paid on the scheduled Maturity Date, and no interest will accrue as a result of the delayed payment; provided that if due to a
non-Trading Day or 

 
a Market Disruption Event, the Final Valuation Date is postponed so that it falls less than three Business Days prior to the scheduled Maturity Date, the
Maturity Date will be the third Business Day following the Final Valuation Date, as postponed. 
 “NYSE” shall mean The New
York Stock Exchange, Inc. 
 “Observation Dates” shall mean May 5, 2008, August 5,
2008, November 5, 2008, February 5, 2009, May 5, 2009, and the Final Valuation Date; provided, that if an Observation Date is not a Trading Day or if there is a Market Disruption Event on such day, the applicable
Observation Date shall be postponed to the immediately succeeding Trading Day during which no Market Disruption Event shall have occurred or shall be continuing; provided, however, that the Index Closing Level for any applicable
Observation Date shall not be determined on a date later than the eighth scheduled Trading Day after the originally scheduled Observation Date, and if such day is not a Trading Day, or if there is a Market Disruption Event on such date, the
Calculation Agent shall determine the Index Closing Level for the applicable Observation Date on such date in accordance with the formula for and method of calculating the Index Closing Level last in effect prior to commencement of the Market
Disruption Event (or prior to the non-Trading Day), using the Closing Price (or, if trading in the relevant securities has been materially suspended or materially limited, the Calculation Agent’s good faith estimate of the Closing Price that
would have prevailed but for such suspension or limitation or non-Trading Day) on such eighth scheduled Trading Day of each security most recently constituting the Index. 
 “Observation Period” shall mean the period commencing on and including the Pricing Date and extending to and including the Final
Valuation Date. 
 “Payment at Maturity”, as calculated by the Calculation Agent, shall be paid only if there is not an
occurrence of a Call Settlement Date during the Observation Period and shall equal a cash payment per $10 principal amount Security equal to: 
  

	 	(1)	If the Index Closing Level is not below the Trigger Level on any Trading Day during the Observation Period, $10; or 

  

	 	(2)	If the Index Closing Level is below the Trigger Level on any Trading Day during the Observation Period, $10 × (1 + Index Return). 

 provided that the Payment at Maturity under clause (2) of this definition shall equal $0.00 if the Index Return equals or exceeds 1. 
 “Place of Payment” shall mean the place or places where the Payment at Maturity or amount due upon an Automatic Call, if applicable, on
the Securities is payable. 
 “Pricing Date” shall mean February 5, 2008. 
 “Relevant Exchange” shall mean, for any security (or any combination thereof) then included in the Index or any Successor Index, the
primary exchange, quotation system (which includes bulletin board services) or other market of trading for such security. 

 “S&P” shall mean Standard & Poor’s, a division of McGraw-Hill, Inc.

 “Securities” shall have the meaning set forth on the reverse of this Security. 
 “Security” shall have the meaning set forth on the reverse of this Security. 
 “Successor Index” shall have the meaning specified under “Discontinuation of the Index; Alteration of Method of Calculation.”

 “Trading Day” means a day, as determined by the Calculation Agent, on which trading is generally conducted on
(i) the Relevant Exchanges for securities underlying the Index and (ii) the exchanges on which futures or options contracts related to the Index are traded, other than a day on which trading on such Relevant Exchange or exchange on which
such securities, futures or options contracts are traded is scheduled to close prior to its scheduled weekday closing time. 
 “Trigger Level” shall equal 184.72. 
 “Trustee” shall have the meaning set forth on the reverse
of this Security. 
 All terms used but not defined in this Security are used herein as defined in the Calculation Agency Agreement or the
Indenture. 
 Calculation Agent 
 The
Calculation Agent will determine, among other things, the Index Closing Level on each Trading Day during the Observation Period and whether such Index Closing Level is below the Trigger Level or at or above the Index Starting Level, the Index Ending
Level, the Index Return, the Call Price, if any, and the Payment at Maturity, if any. In addition, the Calculation Agent will determine whether there has been a Market Disruption Event or a discontinuation of the Index, and whether there has been a
material change in the method of calculation of the Index. All calculations, determinations or adjustments made by the Calculation Agent will be at the sole discretion of the Calculation Agent and will, in the absence of manifest error, be
conclusive for all purposes and binding on Holders and on the Company. The Company may appoint a different Calculation Agent from time to time after the date of the original issue of the Securities without the Holders’ consent and without
notifying Holders. 
 Discontinuation of the Index; Alteration of Method of Calculation 
 If the Index Sponsor discontinues publication of the Index and the Index Sponsor or another entity publishes a successor or substitute index that the
Calculation Agent determines, in its sole discretion, to be comparable to the discontinued Index (a “Successor Index”), then any Index Closing Level will be determined by reference to the level of such Successor Index at the close of
trading on the Relevant Exchange or market for the Successor Index on any Trading Day. 

 
Upon any selection by the Calculation Agent of a Successor Index, the Calculation Agent will cause written notice thereof to be promptly furnished to the
Trustee, to the Company and to the Holders. 
 If the Index Sponsor discontinues publication of the Index, and such discontinuation is
continuing on any Trading Day, and the Calculation Agent determines, in its sole discretion, that no Successor Index is available at such time, or if the Calculation Agent has previously selected a Successor Index and publication of such Successor
Index is discontinued, and such discontinuation is continuing on any Trading Day, or if the Index Sponsor (or the publisher of any Successor Index) fails to calculate and publish an Index Closing Level for the Index (or any Successor Index) on any
date when it would ordinarily do so in accordance with its customary practice, then the Calculation Agent will determine the Index Closing Level for such Trading Day or such date. The Index Closing Level will be computed by the Calculation Agent in
accordance with the formula for and method of calculating the Index or Successor Index, as applicable, last in effect on the date prior to such discontinuation or failure to calculate or publish an Index Closing Level for the Index or Successor
Index, as applicable, using the Closing Price (or, if trading in the relevant securities has been materially suspended or materially limited, its good faith estimate of the Closing Price that would have prevailed but for such suspension or
limitation) at the close of the principal trading session on such date of each security most recently included in the Index or Successor Index, as applicable. 
 If at any time the method of calculating the Index or a Successor Index, or the level thereof, is changed in a material respect, or if the Index or a Successor Index is in any other way modified so that the Index or
such Successor Index does not, in the opinion of the Calculation Agent, fairly represent the level of the Index or such Successor Index in the absence of such changes or modifications, then the Calculation Agent will, at the close of business in New
York City on each date on which the Index Closing Level is to be determined, make such calculations and adjustments as, in the good faith judgment of the Calculation Agent, may be necessary in order to arrive at a level of a stock index comparable
to the Index or such Successor Index, as the case may be, as if such changes or modifications were not made, and the Calculation Agent will calculate the Index Closing Level with reference to the Index or such Successor Index, as adjusted.
Accordingly, if the method of calculating the Index or a Successor Index is modified so that the level of the Index or such Successor Index is a fraction of what it would have been if there had been no such modification (e.g., due to a split
in the Index), then the Calculation Agent will adjust its calculation of the Index or such Successor Index in order to arrive at a level of the Index or such Successor Index as if there had been no such modification (e.g., as if such split
had not occurred). 

 The following abbreviations, when used in the inscription on the face of the within Security, shall be
construed as though they were written out in full according to applicable laws or regulations: 
  

							
	TEN COM -	    	as tenants in common	    	UNIF GIFT MIN ACT - _________ Custodian  _________
		    		    	                          (Cust)             
     (Minor)

	TEN ENT -	    	as tenants by the entireties	    	under Uniform Gifts to Minors
	JT TEN -	    	as joint tenants with right of	    	Act	  	  

		    	Survivorship and not as tenants in common	    		  	(State)

 Additional abbreviations may also be used though not in the above list. 
 ________________________________ 
 FOR VALUE
RECEIVED, the undersigned hereby sells, assigns and transfers unto 
 PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF ASSIGNEE 
  

			
	 	 	
	 	 	
	 	 	

  
  

	
	
	 

 (Name and Address of Assignee, including zip code, must be printed or typewritten.) 
  

	
	 

 the within Security, and all rights thereunder, hereby irrevocably constituting and appointing 
  

	
	 

 to transfer the said Security on the books of the Company, with full power of substitution in the premises.

 Dated: 
 __________________________________________ 
 NOTICE: The signature to this assignment must correspond with the name as it appears
upon the face of the within Security in every particular, without alteration or enlargement or any change whatever. 
 Signature(s) Guaranteed: 

__________________________________________ 
 THE SIGNATURE(S) SHOULD BE
GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED MEDALLION SIGNATURE GUARANTEE PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]