Document:

Unit Agreement

 Exhibit 4.5 
  
  
 UNIT AGREEMENT 
 Between 
 LOUISIANA-PACIFIC CORPORATION

 and 
 COMPUTERSHARE TRUST
COMPANY, N.A. 
 as 
 Unit Agent

  
  
 Dated as of March 10, 2009 
  
  
  

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	 SECTION 1.
	 	 Appointment of Unit Agent
	  	3
			
	 SECTION 2.
	 	 Unit Certificates
	  	3
			
	 SECTION 3.
	 	 Execution of Unit Certificates
	  	4
			
	 SECTION 4.
	 	 Registration and Countersignature
	  	4
			
	 SECTION 5.
	 	 Transfer and Exchange of Units
	  	4
			
	 SECTION 6.
	 	 Registration of Transfers and Exchanges
	  	5
			
	 (a)
	 	 Transfer and Exchange of Units
	  	5
			
	 (b)
	 	 Exchange or Transfer of a Certificated Unit for a Beneficial Interest in a Global Unit
	  	7
			
	 (c)
	 	 Transfer or Exchange of Beneficial Interests in Global Units
	  	7
			
	 (d)
	 	 Transfer or Exchange of a Beneficial Interest in a Global Unit for a Certificated Unit
	  	7
			
	 (e)
	 	 Restrictions on Transfer or Exchange of Global Units
	  	9
			
	 (f)
	 	 Countersignature of Certificated Units in Absence of Depositary
	  	9
			
	 (g)
	 	 Cancellation or Adjustment of a Global Unit
	  	9
			
	 (h)
	 	 Legends
	  	10
			
	 (i)
	 	 Obligations with Respect to Transfers and Exchanges of Certificated Units and Global Units
	  	10
			
	 SECTION 7.
	 	 Rule 144A
	  	10
			
	 SECTION 8.
	 	 Mutilated or Missing Unit Certificates
	  	10
			
	 SECTION 9.
	 	 Notices to the Company and Unit Agent
	  	11
			
	 SECTION 10.
	 	 Supplements and Amendments
	  	11
			
	 SECTION 11.
	 	 Concerning the Unit Agent
	  	12
			
	 SECTION 12.
	 	 Change of Unit Agent
	  	14
			
	 SECTION 13.
	 	 Successors
	  	15
			
	 SECTION 14.
	 	 Termination
	  	15
			
	 SECTION 15.
	 	 Governing Law
	  	15
			
	 SECTION 16.
	 	 Benefits of This Agreement
	  	15
			
	 SECTION 17.
	 	 Counterparts
	  	15
			
	 SECTION 18.
	 	 Force Majeure
	  	15
			
	 SECTION 19.
	 	 Priorities
	  	16

  

 -i- 

					
	 Exhibit A
	  	 Form of Unit of Louisiana-Pacific Corporation
	  	A-1
	 Exhibit B
	  	 Global Unit Legend
	  	B(1)-1
	 Exhibit C
	  	 Certificate to be Delivered Upon Exchange or Registration of Transfer of Units
	  	C-1
	 Exhibit D
	  	 Form of Transferee Letter of Representation in Connection with Transfers to Institutional Accredited Investors
	  	D-1
	 Exhibit E
	  	 Form of Transferee Letter of Representation in Connection with Transfers Pursuant to Regulation S
	  	E-1

  

 -ii- 

 UNIT AGREEMENT (the “Agreement”), dated as of March 10, 2009, between
LOUISIANA-PACIFIC CORPORATION, a Delaware corporation (together with any successors and assigns, the “Company”), and COMPUTERSHARE TRUST COMPANY, N.A., a banking corporation and trust company organized under the laws of the United
States, as unit agent (with any successor unit agent, the “Unit Agent”). 
 A. Pursuant to a purchase agreement (the
“Purchase Agreement”) dated March 3, 2009 among the Company, the Guarantors named therein, Banc of America Securities LLC, Goldman, Sachs & Co. and RBC Capital Markets Corporation, as representatives of the Initial
Purchasers named in the Purchase Agreement, the Company has agreed to sell to the Initial Purchasers 375,000 units (the “Units”), each consisting of (i) $1,000 face amount at maturity of 13% Senior Secured Notes due 2017 (the
“Notes”) of the Company and (ii) one warrant (collectively, the “Warrants”), each Warrant initially entitling the Holder (as defined herein) thereof to purchase 49.0559 shares of Common Stock (as defined
herein) of the Company, on the terms and subject to the conditions set forth herein, at the Exercise Price (as defined in the Warrant Agreement). 
 B. The Notes and the Warrants will trade as Units until the earlier of (x) 180 days after the Issue Date of the Units and (y) such date as Banc of America Securities LLC shall determine in its sole discretion, after which the
Warrants separate from the Notes and will become separately transferable. 
 C. The Company desires the Unit Agent as unit agent to assist
the Company in connection with the issuance, exchange, cancellation and replacement of the Units, and in this Agreement wishes to set forth, among other things, the terms and conditions on which the Units may be issued, exchanged, canceled and
replaced. 
 NOW, THEREFORE, in consideration of the premises and mutual agreements herein, the Company and the Unit Agent hereby agree as
follows: 
 Defined terms used in this Agreement shall, unless the context otherwise requires, have the meanings specified below. Certain
additional terms are set forth elsewhere in this Agreement. Any reference to any section of applicable law shall be deemed to include successor provisions thereto. 
 “Affiliate” has the meaning given to it in the Indenture. 
 “Agreement”
has the meaning given to it in the preamble above. 
 “Board of Directors” means the board of directors of the Company or
any duly authorized committee thereof. 
 “Business Day” means any day that is not a Saturday, Sunday or a day on which the
New York Stock Exchange is authorized or required by law to be closed. 
 “Certificated Unit” means a definitive unit in
registered form. 
 “Clearstream” means Clearstream Banking, Societe Anonyme, Luxembourg. 

 “Common Stock” means the Common Stock of the Company, par value $1.00 per share.

 “Company” has the meaning given to it in the preamble above. 
 “Depositary” has the meaning given to it in Section 2. 
 “Direct Participant” means, with respect to the Depositary (as defined in Section 2), Euroclear or Clearstream, a Person who has an
account with the Depositary, Euroclear or Clearstream, respectively (and, with respect to The Depository Trust Company, shall include Euroclear and Clearstream). 
 “DTC” has the meaning given to it in Section 2. 
 “Euroclear” means
Morgan Guaranty Trust Company of New York, Brussels office, as operator of the Euroclear System. 
 “Exchange Act” means the
Securities Exchange Act of 1934, as amended. 
 “Global Units” has the meaning given to it in Section 2. 
 “Guarantor” has the meaning given to it in the Indenture. 
 “Holders” has the meaning given to it in Section 4. 
 “Indenture”
means the indenture dated as of March 10, 2009 between the Company and the Trustee, relating to the Notes. 
 “Indirect
Participant” means a person who holds a beneficial interest in a Global Unit (as defined in Section 2) through a Direct Participant. 
 “Initial Purchasers” means Banc of America Securities LLC, Goldman, Sachs & Co., and RBC Capital Markets Corporation. 
 “Institutional Accredited Investor” has the meaning given to it in Section 6. 
 “Issue Date” means March 10, 2009. 
 “Notes” has the meaning given to it in the preamble
above. 
 “Officers’ Certificate” means a certificate signed by two officers of the Company, one of whom must be the
principal executive officer, principal financial officer or principal accounting officer. 
 “Person” means any individual,
corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Private Placement Legend” has the meaning given to it in Section 6(h). 
  

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 “Purchase Agreement” has the meaning given to it in the preamble above. 
 “QIB” has the meaning given to it in Section 6. 
 “Rule 144A” has the meaning given to it in Section 6. 
 “SEC” means
the Securities and Exchange Commission. 
 “Securities Act” means the Securities Act of 1933, as amended. 
 “Trustee” means The Bank of New York Mellon Trust Company, N.A., the trustee under the Indenture. 
 “Unit Agent” has the meaning given to it in the preamble above. 
 “Unit Certificates” has the meaning given to it in Section 2. 
 “Unitholders” has the meaning given to it in Section 4. 
 “Unit Register” has the meaning given to it in Section 4. 
 “Units” has the meaning given to it in the preamble above. 
 “Warrant Agreement” means the warrant agreement dated as of March 10, 2009 by and between the Company and Computershare Trust
Company, N.A., as warrant agent. 
 “Warrants” has the meaning given to it in the preamble above. 
 SECTION 1. Appointment of Unit Agent. The Company hereby appoints the Unit Agent to act as agent for the Company in accordance with the
instructions hereinafter set forth in this Agreement, and the Unit Agent hereby accepts such appointment. 
 SECTION 2. Unit
Certificates. The certificates representing the Units (“Unit Certificates”) will initially be issued in the form of one or more registered global units (the “Global Units”) substantially in the form of Exhibit A
attached hereto, which shall be deposited with the Unit Agent, as custodian for the Depositary (as defined below), and registered in the name of DTC (as defined below) or the nominee of DTC for credit to the accounts of DTC’s Direct and
Indirect Participants. Any Global Units to be delivered pursuant to this Agreement shall bear the legend set forth in Exhibit B attached hereto. The Global Units shall represent such of the outstanding Units as shall be specified therein, and each
Global Unit shall provide that it shall represent the aggregate amount of outstanding Units from time to time endorsed thereon and that the aggregate amount of outstanding Units represented thereby may from time to time be reduced or increased, as
appropriate. Any endorsement of a Global Units to reflect the amount of any increase or decrease in the amount of outstanding Units represented thereby shall be made by the Unit Agent and the Depositary in accordance with instructions given by the
Holder thereof. The Depository Trust Company (“DTC”) shall act as the “Depositary” with respect to the Global Units until a successor shall be appointed by the Company and the Unit Agent. Certificated Units will only be
issued if (a) DTC notifies the Company that DTC is no 

  

 3 

 
longer willing or able to act as a depositary for the Global Units and the Company is unable to locate a qualified successor within 90 days, or (b) DTC
notifies the Company that DTC has ceased to be a clearing agency registered under the Exchange Act. 
 SECTION 3. Execution of Unit
Certificates. Unit Certificates shall be signed on behalf of the Company by its Chairman of the Board, President, Chief Executive Officer, a Vice President, Treasurer, an Assistant Treasurer or Chief Financial Officer and by a Vice President,
its Secretary or an Assistant Secretary. Each such signature upon the Unit Certificates may be in the form of a facsimile signature of any such present or future officer and may be imprinted or otherwise reproduced on the Unit Certificates.

 In case any officer of the Company who shall have signed any of the Unit Certificates shall cease to be such officer before the Unit
Certificates so signed shall have been countersigned by the Unit Agent, or disposed of by the Company, such Unit Certificates nevertheless may be countersigned and delivered or disposed of as though such person had not ceased to be such officer of
the Company; and any Unit Certificate may be signed on behalf of the Company by any person who, at the actual date of the execution of such Unit Certificate, shall be a proper officer of the Company to sign such Unit Certificate, although at the
date of the execution of this Unit Agreement any such person was not such officer. 
 Unit Certificates shall be dated the date of
countersignature by the Unit Agent. 
 SECTION 4. Registration and Countersignature. The Units shall be numbered and shall be
registered on the books of the Company maintained at the principal office of the Unit Agent in Canton, Massachusetts (the “Unit Register”) as they are issued. 
 Unit Certificates shall be, either manually or facsimile signature, countersigned by the Unit Agent and shall not be valid for any purpose unless so
countersigned. The Unit Agent shall, upon written instructions of the Chairman of the Board, the President, Chief Executive Officer, a Vice President, the Treasurer, an Assistant Treasurer, Chief Financial Officer, Secretary or an Assistant
Secretary of the Company, initially countersign and deliver Units and shall thereafter countersign and deliver Units as otherwise provided in this Agreement. 
 The Company and the Unit Agent may deem and treat the registered holders (the “Holders” or “Unitholders”) of the Unit Certificates as the absolute owners thereof (notwithstanding any
notation of ownership or other writing thereon made by anyone) for all purposes, and neither the Company nor the Unit Agent shall be affected by any notice to the contrary. 
 SECTION 5. Transfer and Exchange of Units. The Unit Agent shall from time to time, subject to the limitations of Section 6, register the
transfer of any outstanding Units upon the records to be maintained by it for that purpose, upon surrender thereof duly endorsed or accompanied (if so required by it) by a written instrument or instruments of transfer in form satisfactory to the
Unit Agent, and bearing a medallion signature guarantee by a guarantor institution approved by the Securities Transfer Association, duly executed by the registered Holder or Holders thereof or by the duly appointed legal representative thereof or by
a duly authorized attorney. Any Holder desiring to exchange a Unit Certificate or Certificates shall 

  

 4 

 
make such request in writing delivered to the Unit Agent, and shall surrender, duly endorsed or accompanied (if so required by the Unit Agent) by a written
instrument or instruments of transfer in form satisfactory to the Unit Agent, and bearing a medallion signature guarantee by a guarantor institution approved by the Securities Transfer Association, the Unit Certificate or Certificates to be so
exchanged. 
 Upon registration of transfer, the Company shall execute and the Unit Agent shall countersign and deliver by certified mail a
new Unit Certificate or Certificates to the persons entitled thereto. The Unit Certificates may be exchanged at the option of the Holder thereof, when surrendered at the office or agency of the Company maintained for such purpose, which initially
will be the principal office of the Unit Agent in Canton, Massachusetts for another Unit Certificate, or other Unit Certificates of different denominations and of like tenor. 
 No service charge shall be made for any exchange or registration of transfer of Unit Certificates, but the Company may require payment of a sum
sufficient to cover any stamp or other tax or other governmental charge that is imposed in connection with any such exchange or registration of transfer. 
 SECTION 6. Registration of Transfers and Exchanges. 
 (a) Transfer and Exchange of Units. When Units
are presented to the Unit Agent with a request meeting those requirements set forth in Section 5, when required, above: 
 (i) to register the transfer of the Unit; or 
 (ii) to exchange such Unit for an equal number of Units of other
authorized denominations, 
 the Unit Agent shall register the transfer or make the exchange as requested if (and may refuse to register any transfer or
exchange unless) the requirements under this Agreement as set forth in this Section 6 for such transactions are met; provided, however, that the Unit presented or surrendered for registration of transfer or exchange: 
  

	 	(x)	shall be duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Company and the Unit Agent, duly executed by the Holder thereof or by his or
her representative, duly authorized in writing, and affixed with a signature guarantee from a guarantor participating in a medallion signature guarantee program approved by the Securities Transfer Association; and 

  

	 	(y)	unless the Private Placement Legend has been removed from the certificate evidencing such Units, such Units shall be accompanied, in the sole discretion of the Company, by the
following additional information and documents, as applicable, it being understood, however, that the Unit Agent need not determine which clause (A) through (F) below is applicable: 

  

	 	(A)	if such Unit is being delivered to the Unit Agent by a Holder for registration in the name of such Holder, without transfer, a certification from such Holder to that effect (in
substantially the form of Exhibit C hereto); or 

  

 5 

	 	(B)	if such Unit is being transferred to a qualified institutional buyer (as defined in Rule 144A under the Securities Act (“Rule 144A”)) (a “QIB”) in
accordance with Rule 144A under the Securities Act, a certification to that effect (in substantially the form of Exhibit C hereto); or 

  

	 	(C)	if such Unit is being transferred to an institutional accredited investor within the meaning of subparagraph (a)(1), (a)(2), (a)(3) or (a)(7) of Rule 501 under the Securities Act
(an “Institutional Accredited Investor”), delivery by the transferor of a certification to that effect (in substantially the form of Exhibit C hereto), and delivery of a Transferee Letter of Representation in connection with
Transfers to Institutional Accredited Investors (in substantially the form of Exhibit D hereto) and an opinion of counsel and/or other information reasonably acceptable to the Company and the Unit Agent to the effect that such transfer is in
compliance with the Securities Act; or 

  

	 	(D)	if such Unit is being transferred in reliance on Regulation S under the Securities Act, delivery by the transferor of a certification to that effect (in substantially the form of
Exhibit C hereto), and a Transferee Letter of Representation in connection with Transfers pursuant to Regulation S in the form of Exhibit E hereto; or 

  

	 	(E)	if such Unit is being transferred in reliance on Rule 144 under the Securities Act, delivery by the transferor of (i) a certification from the transferor to that effect (in
substantially the form of Exhibit C hereto), and (ii) an opinion of counsel reasonably satisfactory to the Company and the Unit Agent to the effect that such transfer is in compliance with the Securities Act; or 

  

	 	(F)	if such Unit is being transferred in reliance on another exemption from the registration requirements of the Securities Act, a certification to that effect from the transferee or
transferor (in substantially the form of Exhibit C hereto), and an opinion of counsel from the transferee or transferor reasonably acceptable to the Company and the Unit Agent to the effect that such transfer is in compliance with the Securities
Act. 

  

 6 

 (b) Exchange or Transfer of a Certificated Unit for a Beneficial Interest in a Global Unit. A
Certificated Unit may not be exchanged (including in connection with any transfer of a Unit) by a Holder for a beneficial interest in a Global Unit except upon receipt by the Unit Agent of an opinion of counsel if the Unit is affixed with a
restrictive legend and satisfaction of the requirements set forth below. Upon receipt by the Unit Agent of a Certificated Unit, duly endorsed or accompanied by appropriate instruments of transfer, in form satisfactory to the Unit Agent, together
with: 
 (i) unless the Private Placement Legend has been removed from the certificate evidencing the Units, certification
from such Holder (in substantially the form of Exhibit C hereto) that such Holder is a QIB or that such Certificated Unit is being transferred to a QIB in accordance with Rule 144A under the Securities Act; and 
 (ii) written instructions directing the Unit Agent to make, or to direct the Depositary to make, an endorsement on the Global Unit to
reflect an increase in the aggregate amount of the Units represented by the Global Unit, 
 then the Unit Agent shall cancel such Certificated Unit and
cause, or direct the Depositary to cause, in accordance with the standing instructions and procedures existing between the Depositary and the Unit Agent the number of Units represented by the Global Unit to be increased accordingly. If no Global
Unit is then outstanding, the Company shall issue and the Unit Agent shall upon written instructions from the Company authenticate a new Global Unit in the appropriate amount. 
 (c) Transfer or Exchange of Beneficial Interests in Global Units. The transfer or exchange of beneficial interests in Global Units shall be
effected through the Depositary, in accordance with this Section 6, the Private Placement Legend, the other provisions of this Agreement (including the restrictions on transfer set forth herein) and the procedures of the Depositary therefor.

 (d) Transfer or Exchange of a Beneficial Interest in a Global Unit for a Certificated Unit. 
 (i) Subject in all cases to the provisions of Section 2, any Person having a beneficial interest in a Global Unit may exchange
(including any exchange in connection with any transfer of a Unit) such beneficial interest for a Certificated Unit upon receipt by the Unit Agent of written instructions or such other form of instructions as is customary for the Depositary from the
Depositary or its nominee on behalf of any Person having a beneficial interest in a Global Unit, including a written order containing registration instructions, an opinion of counsel if the certificate evidencing such Global Units is affixed with a
restrictive legend, and, unless the Private Placement Legend has been removed from the certificate evidencing such Global Units, the following additional information and documents: 
  

	 	(A)	if such beneficial interest is being exchanged by the Person designated by the Depositary as being the beneficial owner, a certification from such Person to that effect (in
substantially the form of Exhibit C); or 

  

 7 

	 	(B)	if such beneficial interest is being transferred to a QIB in accordance with Rule 144A under the Securities Act, a certification from the transferor to that effect (in substantially
the form of Exhibit C); or 

  

	 	(C)	if such beneficial interest is being transferred to an Institutional Accredited Investor, delivery by the transferor of a certification to that effect (in substantially the form of
Exhibit C hereto), and delivery of a Transferee Letter of Representation in connection with Transfers to Institutional Accredited Investors to that effect (in substantially the form of Exhibit D) and an opinion of counsel and/or other information
reasonably acceptable to the Company and the Unit Agent to the effect that such transfer is in compliance with the Securities Act; or 

  

	 	(D)	if such beneficial interest is being transferred in reliance on Regulation S under the Securities Act, delivery of (i) a certification to that effect (in substantially the form
of Exhibit C hereto) and (ii) a Transferee Letter of Representation in connection with Transfers pursuant to Regulation S in the form of Exhibit E hereto; or 

  

	 	(E)	if such beneficial interest is being transferred in reliance on Rule 144 under the Securities Act, delivery by the transferor of (i) a certification to that effect (in
substantially the form of Exhibit C hereto) and (ii) an opinion of counsel reasonably satisfactory to the Company and the Unit Agent to the effect that such transfer is in compliance with the Securities Act; or 

  

	 	(F)	if such beneficial interest is being transferred in reliance on another exemption from the registration requirements of the Securities Act, a certification to that effect from the
transferee or transferor (in substantially the form of Exhibit C hereto) and an opinion of counsel and/or other information reasonably acceptable to the Company and the Unit Agent to the effect that such transfer is in compliance with the Securities
Act (if such transfer is made specifically pursuant to Regulation S, the transferor must also deliver a Letter of Representation in connection with Transfers pursuant to Regulation S in substantially the form of Exhibit E hereto).

  

 8 

 In connection with any such transfer or exchange, the Unit Agent will cause, in accordance with the standing instructions
and procedures existing between the Depositary and the Unit Agent, the aggregate amount of the Global Unit to be reduced accordingly and, following such reduction, the Company will execute and, upon receipt of a countersignature order in the form of
an Officers’ Certificate, the Unit Agent will countersign and deliver to the transferee a Certificated Unit. 
 (ii)
Certificated Units issued in exchange for or in connection with a transfer of a beneficial interest in a Global Unit pursuant to this Section 6 shall be registered in such names and in such authorized denominations as the Depositary, pursuant
to instructions from its Direct or Indirect Participants or otherwise, shall instruct the Unit Agent in writing. The Unit Agent shall deliver such Certificated Units to the Persons in whose names such Units are so registered and adjust the Global
Unit pursuant to paragraph (g) of this Section 6. 
 (e) Restrictions on Transfer or Exchange of Global Units.
Notwithstanding any other provisions of this Agreement (other than the provisions set forth in subsection (f) of this Section 6), a Global Unit may not be transferred or exchanged as a whole except by the Depositary to a nominee of the
Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. 
 (f) Countersignature of Certificated Units in Absence of Depositary. If at any time: 
 (i) the Depositary for the Global Units notifies the Company that the Depositary is no longer willing or able to act as a depositary for
the Global Units and the Company is unable to locate a qualified successor within 90 days; or 
 (ii) the Depositary for the
Global Units notifies the Company that it has ceased to be a clearing agency registered under the Securities Act of 1934, as amended, 
 then the Company
will execute, and the Unit Agent will, upon receipt of an Officers’ Certificate requesting the countersignature and delivery of Certificated Units, countersign and deliver, Certificated Units in an aggregate number equal to the aggregate number
of Units represented by the Global Unit in exchange for such Global Unit. 
 (g) Cancellation or Adjustment of a Global Unit. At such
time as all beneficial interests in a Global Unit have either been exchanged for Certificated Units, redeemed, repurchased or canceled, such Global Unit shall be returned to the Company or, upon written order to the Unit Agent in the form of an
Officers’ Certificate from the Company, retained and canceled by the Unit Agent. At any time prior to such cancellation, if any beneficial interest in a Global Unit is exchanged for Certificated Units, redeemed, repurchased or canceled, the
number of Units represented by such Global Units shall be reduced accordingly and an endorsement shall be made on such Global Unit by the Unit Agent to reflect such reduction. 
  

 9 

 (h) Legends. 
 (i) Private Placement Legend. Except as provided below, each Unit Certificate evidencing the Units (and all Units issued in
exchange therefor or substitution thereof) shall bear a legend substantially to the effect set forth in Exhibit A (the “Private Placement Legend”). Upon any sale or transfer of a Unit pursuant to Rule 144 under the Securities Act in
accordance with this Section 6 or under an effective registration statement under the Securities Act, the Unit Agent shall permit the Holder of a Unit to exchange such Unit for a Unit that does not bear the Private Placement Legend, provided
that, in the case of a sale or transfer pursuant to Rule 144 under the Securities Act, an opinion of the Company or of counsel to the Company is tendered therewith indicating that there are no impediments to the removal of such Private Placement
Legend under the applicable federal securities laws of the United States. 
 (i) Obligations with Respect to Transfers and Exchanges of
Certificated Units and Global Units. 
 (i) To permit registrations of transfers and exchanges, the Company shall execute, at
the Unit Agent’s request, and the Unit Agent shall authenticate Certificated Units and Global Units. 
 (ii) All
Certificated Units and Global Units issued upon any registration, transfer or exchange of Certificated Units and Global Units shall be the valid obligations of the Company, entitled to the same benefits under this Agreement as the Certificated Units
and Global Units surrendered upon the registration of transfer or exchange. 
 (iii) Prior to due presentment for registration
of transfer of any Unit, the Unit Agent and the Company may deem and treat the Person in whose name any Unit is registered as the absolute owner of such Unit, and neither the Unit Agent nor the Company shall be affected by notice to the contrary.

 SECTION 7. Rule 144A. The Company covenants that it will file the reports required to be filed by it under the Securities Act and
the Exchange Act and the rules and regulations adopted by the SEC thereunder in a timely manner (including any extensions permitted by Rule 12b-25 of the Exchange Act (or any successor rule or regulation)) in accordance with the requirements of the
Securities Act and the Exchange Act and, if at any time the Company is not required to file such reports, it will, upon the request of any Holder or beneficial owner of Units, make available such information necessary to permit sales pursuant to
Rule 144A under the Securities Act. 
 SECTION 8. Mutilated or Missing Unit Certificates. In case any of the Unit Certificates shall
be mutilated, lost, stolen or destroyed, the Company may at its discretion issue and the Unit Agent may countersign, in exchange and substitution for and upon cancellation of the mutilated Unit Certificate, or in lieu of and substitution for the
Unit Certificate lost, stolen or destroyed, a new Unit Certificate of like tenor and representing an equivalent number of Units, but only upon receipt of evidence satisfactory to the Company and the Unit Agent of 

  

 10 

 
such loss, theft or destruction of such Unit Certificate and indemnity also satisfactory to them, which indemnity shall include a corporate bond of indemnity
satisfactory in form and substance to the Company and the Unit Agent. 
 SECTION 9. Notices to the Company and Unit Agent. Any notice
or demand authorized by this Agreement to be given or made by the Unit Agent or by any Holder to or on the Company shall be sufficiently given or made when received at the office of the Company expressly designated by the Company as its office for
purposes of this Agreement (until the Unit Agent is otherwise notified in accordance with this Section 9 by the Company), as follows: 
  

			
	 Louisiana-Pacific Corporation
 414 Union St., Suite 2000

 Nashville, TN 37219
 Facsimile: (615) 986-5880
 and (615) 435-1843
 Attn: Treasurer and General Counsel
	  	 Copies to:
 Jones Day
 2727 Harwood
 Dallas, TX 75201-1515
 Facsimile: (214) 969-5100
 Attn: Mark Betzen

 Any notice pursuant to this Agreement to be given by the Company or by any Holder(s) to the Unit
Agent shall be sufficiently given when received by the Unit Agent at the address appearing below (until the Company is otherwise notified in accordance with this Section by the Unit Agent). 
  

			
	 Mailing Address:
 Computershare Trust Company,
N.A.
 250 Royall Street
 Canton, MA 20021
 Attn: Reorganization Departments
 Facsimile: 781-575-2901
	  	 Delivery Address:
 Computershare Trust Company, N.A.

 250 Royall Street
 Canton, MA 20021
 Attn: Reorganization Departments
 Facsimile: 781-575-2901

 Any notice or communication to a Holder shall be delivered by hand, dispatched overnight delivery
service or mailed by first class mail (postage prepaid), to its address shown on the register kept by the Unit Agent, or transmitted to such Holder by any means of electronic communication to which such Holder may comment. 
 SECTION 10. Supplements and Amendments. (a) From time to time, the Company and the Unit Agent, without the consent of the Holders of the
Units, may amend or supplement this Agreement, (1) to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company in the Unit Agreement; (2) to add to the covenants of
the Company for the benefit of the Holders of Units, or to surrender any right or power herein conferred upon the Company; (3) to provide for uncertificated Units in addition to or in place of the certificated Units; (4) to evidence and
provide for the acceptance of the appointment under the Unit Agreement of a successor Unit Agent; (5) to provide for or confirm the issuance of Additional Units in accordance with the terms of the Unit Agreement; (6) to cure any ambiguity,
defect, omission, mistake or inconsistencies or making any change that does not adversely affect, in any material respect, the legal rights of Holders of Units; (7) to make any other provisions with respect to matters or questions arising under
the Unit Agreement, provided that such actions pursuant to this clause 

  

 11 

 
(7) shall not adversely affect the interests of the Holders of Units, in any material respect, as determined in good faith by the Board of Directors; or
(8) to conform the text of the Unit Agreement to any provision of the “Description of Units” in the Offering Memorandum dated March 3, 2009 to the extent that the Unit Agent has received an Officers’ Certificate stating that
such text constitutes an unintended conflict with the description of the corresponding provision in such “Description of Units.” Except as otherwise provided in the first sentence of this paragraph (a) of this Section 10, any
amendment or supplement to this Agreement that adversely affects in any material respect the legal rights of the Holder of the Units will require the written consent of the Holders of a majority of the then outstanding Units (excluding Units held by
the Company or any of its Affiliates). 
 (b) After an amendment or modification under this Section 10 becomes effective, the Company
shall mail to the Holders affected thereby a notice briefly describing such amendment or modification. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such
amendment or modification. 
 In connection with any amendment or modification under this Section 10, the Company may offer, but shall
not be obligated to offer, to any Holder who consents to such amendment or modification, consideration for such Holder’s consent, so long as such consideration is offered to all Holders. 
 (c) Executed or true and correct copies of any amendment or modification effected pursuant to the provisions of this Section 10 shall be delivered
by the Company to each Holder of outstanding Units forthwith following the date on which the same shall have been executed and delivered by the Holder or Holders of the requisite percentage of outstanding Unit Shares (but only to the extent the
Company has been provided with the addresses for the Holders). 
 SECTION 11. Concerning the Unit Agent. The Unit Agent undertakes the
duties and obligations expressly imposed by this Agreement (and no implied duties) upon the following terms and conditions, by all of which the Company and the Holders, by their acceptance of Units, shall be bound: 
 (a) The Unit Agent assumes no responsibility for the correctness of any statement contained herein or in the Unit Certificate, except such as describe the
Unit Agent or any action taken by it. 
 (b) The Unit Agent shall be protected and shall not be responsible for and shall incur no liability
to the Company or any Holder for any failure of the Company to comply with the covenants contained in this Agreement or in the Units to be complied with by the Company. 
 (c) The Unit Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself (through its employees) or by or through its attorneys or agents (which shall not
include its employees) and shall not be responsible for the misconduct of any attorney or agent appointed by it without bad faith, gross negligence or willful misconduct. 
  

 12 

 (d) The Unit Agent may consult at any time with legal counsel satisfactory to it (who may be counsel for
the Company or an employee of the Unit Agent), and the Unit Agent shall incur no liability or responsibility to the Company or to any Holder in respect of any action taken, suffered or omitted by it hereunder in accordance with the opinion or the
advice of such counsel. 
 (e) Whenever in the performance of its duties under this Agreement the Unit Agent shall deem it necessary or
desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless such evidence in respect thereof be herein specifically prescribed) may be deemed conclusively
to be proved and established by a certificate signed by the Chairman of the Board, the President, one of the Vice Presidents, the Treasurer or the Secretary of the Company and delivered to the Unit Agent; and such certificate shall be full
authorization to the Unit Agent for any action taken or suffered by it under the provisions of this Agreement in reliance upon such certificate. 
 (f) The Company agrees to pay the Unit Agent such compensation for all services rendered by the Unit Agent in the performance of its duties under this Agreement as may be separately agreed in writing, to reimburse the Unit Agent for all
expenses, taxes and governmental charges and other charges of any kind and nature incurred by the Unit Agent in the performance of its duties under this Agreement (including, without limitation, reasonable fees and expenses of counsel), and to
indemnify the Unit Agent and its agents, employees, directors, officers and affiliates and save it and them harmless against any and all liabilities, losses and expenses, including, without limitation, judgments, costs and counsel fees, for anything
done or omitted by the Unit Agent in the acceptance and performance of its duties under this Agreement, except as a result of the Unit Agent’s bad faith, gross negligence or willful misconduct, including, without limitation, the costs and
expenses of defending against any claim (whether asserted by the Company, a Holder or any other Person) of liability in the premises including reasonable attorneys’ fees and expenses. The provisions of this paragraph shall survive the
resignation or removal of the Unit Agent and the termination of this Agreement. 
 (g) The Unit Agent shall be under no obligation to
institute any action, suit or legal proceeding or to take any other action likely to involve expense unless the Company or one or more Holders shall furnish the Unit Agent with reasonable security and indemnity for any costs and expenses which may
be incurred, but this provision shall not affect the power of the Unit Agent to take such action as the Unit Agent may consider proper, whether with or without any such security or indemnity. All rights of action under this Agreement or under any of
the Units may be enforced by the Unit Agent without the possession of any of the Units or the production thereof at any trial or other proceeding relative thereto, and any such action, suit or proceeding instituted by the Unit Agent shall be brought
in its name as Unit Agent, and any recovery of judgment shall be for the ratable benefit of the Holders, as their respective rights or interests may appear. 
  

 13 

 (h) The Unit Agent and any stockholder, director, officer or employee (“Related
Parties”) of the Unit Agent may buy, sell or deal in any of the Units or other securities of the Company or become pecuniarily interested in any transactions in which the Company may be interested, or contract with or lend money to the
Company or otherwise act as fully and freely as though it were not Unit Agent under this Agreement or such director, officer or employee. Nothing herein shall preclude the Unit Agent or any Related Party from acting in any other capacity for the
Company or for any other legal entity including, without limitation, acting as Transfer Agent to the Company or an affiliate thereof. 
 (i)
The Unit Agent shall act hereunder solely as agent, and its duties shall be determined solely by the provisions thereof. The Unit Agent shall not be liable for anything which it may do or refrain from doing in connection with this Agreement except
for its own bad faith, gross negligence or willful misconduct. No implied duties or obligations shall be read into this Agreement against the Unit Agent. 
 (j) The Unit Agent will be protected and will not incur any liability or responsibility to the Company or to any Holder for any action taken, suffered or omitted by it in reliance on any notice, resolution, waiver,
consent, order, certificate, or other paper, document or instrument reasonably believed by it to be genuine and to have been signed, sent or presented by the proper party or parties. 
 (k) The Unit Agent is hereby authorized to request, and directed to accept, instructions with respect to the performance of its duties hereunder from the
Chairman of the Board, the President, Chief Financial Officer, Treasurer, any Vice President or the Secretary of the Company, and to apply to such officers for advice or instructions in connection with its duties, and shall not be liable for any
action taken or suffered to be taken by it without bad faith, gross negligence or willful misconduct in accordance with instructions of any such officer or officers. 
 (l) By countersigning Unit Certificates or by any other act hereunder the Unit Agent shall not be deemed to make any representations as to validity or authorization of the Units or the Unit Certificates (except as to
its countersignature thereon) or the correctness of the representations of the Company made in any certifications that the Unit Agent receives. 
 (m) No provision of this Agreement shall require the Unit Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if there shall be
reasonable grounds for believing that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it. 
 SECTION 12. Change of Unit Agent. The Unit Agent may resign and be discharged from its duties under this Agreement by giving to the Company 30 days’ notice in writing. The Unit Agent may be removed by like
notice to the Unit Agent from the Company. If the Unit Agent shall resign or be removed or shall otherwise become incapable of acting, the Company shall appoint a successor to the Unit Agent. If the Company shall fail to make such appointment within
a period of 30 days after such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Unit Agent or by any 

  

 14 

 
Holder (who shall with such notice submit his Unit for inspection by the Company), then any Holder or the removed, resigning or incapacitated Unit Agent may
apply to any court of competent jurisdiction for the appointment of a successor to the Unit Agent. Pending appointment of a successor to the Unit Agent, either by the Company or by such court, the duties of the Unit Agent shall be carried out by the
Company. Any successor unit agent, whether appointed by the Company or such a court, shall be a bank or trust company in good standing, incorporated under the laws of the United States of America or any State thereof or the District of Columbia and
having at the time of its appointment as unit agent a combined capital and surplus of at least $50,000,000. After appointment, the successor unit agent shall be vested with the same powers, rights, duties and responsibilities as if it had been
originally named as Unit Agent without further act or deed; but the former Unit Agent shall deliver and transfer to the successor unit agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance,
act or deed necessary for such purpose. Failure to file any notice provided for in this Section 12, however, or any defect therein, shall not affect the legality or validity of the resignation or removal of the Unit Agent or the appointment of
the successor unit agent, as the case may be. In the event of such resignation or removal, the Company or the successor unit agent shall mail by first class mail, postage prepaid, to each Holder, written notice of such removal or resignation and the
name and address of such successor unit agent. 
 SECTION 13. Successors. All the covenants and provisions of this Agreement by or for
the benefit of the Company, the Unit Agent or any Holder of Units shall bind and inure to the benefit of their respective successors and assigns hereunder. 
 SECTION 14. Termination. This Agreement shall terminate on the fourth Business Day after the Expiration Date. Notwithstanding the foregoing, this Agreement will terminate on any earlier date upon which all
Units have ceased to be outstanding. 
 SECTION 15. Governing Law. This Agreement and each Unit Certificate issued hereunder shall be
deemed to be a contract made under the laws of the State of New York and shall be governed by and construed in accordance with the laws of said State, without regard to the conflict of law rules thereof. 
 SECTION 16. Benefits of This Agreement. Nothing in this Agreement shall be construed to give to any person or corporation other than the Company,
the Unit Agent and the registered Holders of the Unit Certificates from time to time any legal or equitable right, remedy or claim under this Agreement; but this Agreement shall be for the sole and exclusive benefit of the Company, the Unit Agent
and the registered Holders of the Unit Certificates. 
 SECTION 17. Counterparts. This Agreement may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
 SECTION 18. Force Majeure. Notwithstanding anything to the contrary contained herein, the Unit Agent shall not be liable for any delays or
failures in performance resulting from acts beyond its reasonable control including, without limitation, acts of God, terrorist acts, shortage of supply, breakdowns or malfunctions, interruptions or malfunction of computer facilities, or loss of
data due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war, or civil unrest. 
  

 15 

 SECTION 19. Priorities. In the event of any conflict, discrepancy, or ambiguity between the terms
and conditions contained in this Agreement and any schedules or attachments hereto, the terms and conditions contained in this Agreement shall take precedence. 
 [Signature Page Follows] 
  

 16 

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

			
	LOUISIANA-PACIFIC CORPORATION
		
	By:	 	 /s/ Curtis M. Stevens

	Name:	 	Curtis M. Stevens
	Title:	 	Executive Vice President, Administration, and Chief Financial Officer

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

			
	COMPUTERSHARE TRUST COMPANY, N.A.
	 as Unit Agent

		
	By:	 	 /s/ Dennis V. Moccia

	Name:	 	Dennis V. Moccia
	Title:	 	Managing Director

 Exhibit A 
 THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE
SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) SUCH SECURITY MAY BE
RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (i) TO A PERSON WHO IS NOT ONE OF OUR “AFFILIATES” (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) NOR ACTING ON OUR BEHALF AND (a) IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN
RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (b) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (c) OUTSIDE THE UNITED STATES TO A NON-U.S. PERSON IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 904 UNDER THE SECURITIES ACT, OR (d) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE COMPANY SO REQUESTS),
(ii) TO THE COMPANY, OR (iii) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION, AND (B) THE
HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER FROM IT OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE SECURITY EVIDENCED HEREBY. 
 EACH UNIT REPRESENTED BY THIS SECURITY CONSISTS OF $1,000
PRINCIPAL AT MATURITY AMOUNT OF 13% SENIOR SECURED NOTES DUE 2017 (THE “NOTES”) AND ONE WARRANT TO PURCHASE 49.0559 SHARES OF COMMON STOCK, PAR VALUE $1 PER SHARE, OF LOUISIANA-PACIFIC CORPORATION (THE
“WARRANTS”). THE NOTES AND THE WARRANTS WILL TRADE AS UNITS UNTIL THE EARLIER OF (X) 180 DAYS AFTER THE ISSUE DATE OF THE UNITS AND (Y) SUCH DATE AS BANC OF AMERICA SECURITIES LLC SHALL DETERMINE IN ITS SOLE
DISCRETION, AFTER WHICH THE WARRANTS SEPARATE FROM THE NOTES AND WILL BECOME SEPARATELY TRANSFERABLE. 
  

 A-1 

 No.              CUSIP #
[    ] 
 FORM OF 
 UNIT 
 OF 
 LOUISIANA-PACIFIC CORPORATION 
 THIS CERTIFIES THAT
[                            ], or its registered assigns, is the registered holder of Units (the
“Units”). Each Unit represented by this security consists of $1,000 principal at maturity amount of 13% senior secured notes due 2017 (the “Notes”) and one warrant to purchase 49.0559 shares of common stock, par
value $1 per share, of Louisiana-Pacific Corporation (the “Warrants”). The notes and the warrants will trade as Units until the earlier of (x) 180 days after the issue date of the Units and (y) such date as Banc of America
Securities LLC shall determine in its sole discretion, after which the Warrants separate from the Notes and will become separately transferable 
 This Unit Certificate is issued under and in accordance with a Unit Agreement dated as of March 10, 2009 (the “Unit Agreement”), between the Company and Computershare Trust Company, N.A., as Unit Agent, and is subject
to the terms and provisions contained in the Unit Agreement, to all of which terms and provisions the Holder of this Unit Certificate consents by acceptance hereof. The Unit Agreement is hereby incorporated herein by reference and made a part
hereof. Reference is hereby made to the Unit Agreement for a full statement of the respective rights, limitations of rights, duties and obligations of the Company and the Holders. Capitalized terms used but not defined herein shall have the meanings
ascribed thereto in the Unit Agreement. Reference is made to the Unit Agreement, A copy of the Unit Agreement may be obtained for inspection by the Holder hereof upon written request to the Company at Louisiana-Pacific Corporation, 414 Union St.,
Suite 2000, Nashville, TN 37219, Attn: Treasurer and General Counsel. 
 This Unit Certificate shall not be valid unless countersigned by the
Unit Agent, as such term is used in the Unit Agreement. Unit Certificates in registered form, or “Certificated Units”, will only be issued if the Depositary Trust Company notifies the Company that (i) it is no longer willing or
able to act as a depositary for the Global Securities and the Company is unable to locate a qualified successor within 90 days or (ii) it has ceased to be a clearing agency registered under the Securities Exchange Act of 1934, as amended.

 The Company and the Unit Agent may deem and treat Holders of the Unit Certificates as the absolute owners thereof (notwithstanding any
notation of ownership or other writing thereon made by anyone) for all purposes, and neither the Company nor the Unit Agent shall be affected by any notice to the contrary. 
 Notwithstanding any of the above, to the extent a conflict, ambiguity, defect, omission, mistake or inconsistency exists between this Unit Certificate
and the Unit Agreement, the Unit Agreement controls, supercedes and supplements this certificate. 
  

 A-2 

 The Units do not entitle any Holder hereof to any of the rights of a stockholder of the Company.

  

			
	LOUISIANA-PACIFIC CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

			
	DATED:
	COUNTERSIGNED:
	
	 COMPUTERSHARE TRUST COMPANY, N.A.,
 as Unit
Agent

		
	By:	 	  

		 	Authorized Signature

  

 A-3 

 ASSIGNMENT FORM 
 To assign this Unit, fill in the form below: 
 I or we assign and transfer this Unit to 
 (Print or type assignee’s name, address and zip code) 
 (Insert
assignee’s soc. sec. or tax I.D. No.) 
 and irrevocably appoint
                                         
        agent to transfer this Unit on the books of the Company. The agent may substitute another to act for him. 
                                        
                                         
                                         
                                         
          
 Date:
                    ,          
 Your Signature.
                                         
                                         
                                         
                       
 (Sign exactly as
your name appears on the face of any Certificated Unit Certificate) 
                                        
                                         
                                         
                                         
          
                                 (Street Address) 
                                        
                                         
                                         
                                         
          
 (City)                                       
                     (State)                   
                             (Zip Code) 
 Signature Guaranteed by: 
                                        
                                         
                                         
                                         
          
 Signatures must be guaranteed by an “eligible guarantor institution” meeting the
requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in
addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 
 Date:
                    ,          
  

 A-4 

 Exhibit B 
 [GLOBAL UNIT LEGEND] 
 Any Global Unit countersigned and delivered hereunder shall bear a legend in
substantially the following form: 
 THIS SECURITY IS A GLOBAL UNIT WITHIN THE MEANING OF THE UNIT AGREEMENT HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITORY OR A SUCCESSOR DEPOSITORY. THIS SECURITY IS NOT EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE UNIT
AGREEMENT, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY) MAY BE
REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE UNIT AGREEMENT. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), 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. 
  

 B(1)-1 

 Exhibit C 
 CERTIFICATE TO BE DELIVERED UPON EXCHANGE 
 OR REGISTRATION OF TRANSFER OF UNITS 
 Re: Units (the “Units”) of Louisiana-Pacific Corporation. 
 This Certificate relates to              Units held by
                             (the “Transferor”). 
 The Transferor has requested the Unit Agent by written order to exchange or register the transfer of a Unit or Units. 
 In connection with such request and in respect of each such Unit, the Transferor hereby certifies that the Transferor is familiar with the Unit Agreement
dated as of March 10, 2009, between Louisiana-Pacific Corporation, a Delaware corporation, and Computershare Trust Company, N.A., as unit agent (the “Unit Agreement”), relating to the above captioned Units and the restrictions
on transfers thereof as provided in Section 6 of such Unit Agreement, and that the transfer of this Unit does not require registration under the Securities Act of 1933, as amended (the “Act”), because*: 
  ̈ Such Unit is being acquired for the Transferor’s own account, without transfer (in satisfaction of
Section 6(a)(y)(A) of the Unit Agreement). 
  ̈ Such Unit is being transferred to a qualified
institutional buyer (as defined in Rule 144A under the Act) in reliance on Rule 144A or is being transferred in accordance with Regulation S under the Act. 
  ̈ Such Unit is being transferred in accordance with Rule 144 under the Act. 
  ̈ Such Unit is being transferred in reliance on and in compliance with an exemption from the registration requirements of the Act, other than Rule 144A or Rule 144 or Regulation S under the Act. An opinion
of counsel to the effect that such transfer does not require registration under the Act accompanies this Certificate. 
  

			
	  

	[INSERT NAME OF TRANSFEROR]
		
	By:	 	  

 Date:
                                         
                
  

	*	Check applicable box. 

  

 C-1 

 Exhibit D 
 [Form of Transferee Letter of Representation 
 in Connection with Transfers to Institutional
Accredited Investors] 
 Computershare Trust Company, N.A. 
 250 Royall Street 
 Canton, MA 02021 
 Attn:
Reorganization Departments 
 Ladies and Gentlemen: 
 In connection with our proposed purchase of units (the “Securities”) of Louisiana-Pacific Corporation (the “Company”), we confirm that: 
 1. We understand that the Securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and,
unless so registered, may not be offered, sold or otherwise transferred except as permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Securities to offer, sell or
otherwise transfer such Securities prior to the date which is one year after the later of the date of original issue and the last date on which the Company or any affiliate of the Company was the owner of such Securities (or any predecessor
Securities) (the “Resale Restriction Termination Date”) only (a) to the Company, (b) pursuant to a registration statement which has been declared effective under the Securities Act, (c) for so long as the Securities
are eligible for resale pursuant to Rule 144A under the Securities Act, to a person we reasonably believe is a qualified institutional buyer as defined in Rule 144A (a “QIB”) that purchases for its own account or for the account of
a QIB and to whom notice is given that the transfer is being made in reliance on Rule 144A, (d) pursuant to offers and sales that occur outside the United States within the meaning of Regulation S under the Securities Act, (e) to an
institutional “accredited investor” within the meaning of subparagraph (a)(1), (a)(2), (a)(3) or (a)(7) of Rule 501 under the Securities Act that is acquiring the Securities for its own account or for the account of such an institutional
“accredited investor”, for investment purposes and not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act, or (f) pursuant to another available exemption from the registration
requirements of the Securities Act, subject in each of the foregoing cases to any requirement of law that the disposition of our property or the property of such investor account or accounts be at all times within our or their control and to
compliance with any applicable state securities laws. The foregoing restrictions on resale will not apply subsequent to the Resale Restriction Termination Date. If any resale or other transfer of the Securities is proposed to be made pursuant to
clause (e) above prior to the Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee substantially in the form of this letter to the unit agent under the Unit Agreement pursuant to which the Securities
were issued (the “Unit Agent”) which shall provide, among other things, that the transferee is an institutional “accredited investor” within the meaning of subparagraph (a)(1), (a)(2), (a)(3) or (a)(7) of Rule 501 under
the Securities Act and that it is acquiring such Securities for investment purposes and not for distribution in violation of the Securities Act. The Unit Agent and the Company reserve the right prior to any offer, sale or other transfer prior to the
Resale Restriction Termination Date of the Securities pursuant to clause (c), (d), (e) or (f) above to require the delivery of a written opinion of counsel, certifications, and or other information satisfactory to the Company and the Unit
Agent. 
  

 D-1 

 2. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (a)(2), (a)(3)
or (a)(7) of Regulation D under the Securities Act) purchasing for our own account or for the account of such an institutional “accredited investor”, and we are acquiring the Securities for investment purposes and not with a view to, or
for offer or sale in connection with, any distribution in violation of the Securities Act and we have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the
Securities, and we and any accounts for which we are acting are each able to bear the economic risk of our or its investment for an indefinite period. 
 3. We are acquiring the Securities purchased by us for our own account or for one or more accounts as to each of which we exercise sole investment discretion. 
 4. You and your counsel are entitled to rely upon this letter and you are irrevocably authorized to produce this letter or a copy hereof to any
interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 
  

			
	Very truly yours,
	
	  

	(Name of Purchaser)
		
	By:	 	  

		
	Date:	 	  

 Upon transfer the Securities would be registered in the name of the new beneficial owner as
follows: 
  

			
	Name:	 	  

  

			
	Address:	 	  

  

			
	Taxpayer ID Number:	 	  

  

 D-2 

 Exhibit E 
 [Form of Transferee Letter of Representation 
 in Connection with Transfers Pursuant to Regulation
S] 
 Computershare Trust Company, N.A. 
 250 Royall Street

 Canton, MA 02021 
 Attn: Reorganization Departments 

Ladies and Gentlemen: 
 In connection with our proposed
purchase of unit (the “Securities”) of Louisiana-Pacific Corporation (the “Company”), we confirm that such sale has been effected pursuant to and in accordance with Regulation S under the Securities Act of 1933, as
amended (the “Securities Act”), and, accordingly, we represent that: 
 (1) The undersigned certifies that it
is not a U.S. person, is not acquiring the Securities for the account or benefit of any U.S. person and is not exercising the Securities on behalf of a U.S. person. 
 (2) The undersigned agrees to resell the Securities only in accordance with the provisions of Regulation S, pursuant to registration under
the Securities Act of 1933 or pursuant to an available exemption from registration. 
 (3) The undersigned agrees not to
engage in hedging transactions with regard to the Securities unless in compliance with the Securities Act. 
 You and your counsel are
entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. Defined terms
used herein without definition have the respective meanings provided in Regulation S under the Securities Act. 
  

			
	Very truly yours,
	
	(Name of Purchaser)
		
	By:	 	  

 Upon transfer the Securities would be registered in the name of the new beneficial owner as
follows: 
  

			
	Name:	 	  

  

			
	Address:	 	  

  

			
	Taxpayer ID Number:	 	  

  

 E-12017 Notes Registration Rights Agreement

 Exhibit 4.6 
 REGISTRATION RIGHTS AGREEMENT 
 by and among 
 LOUISIANA-PACIFIC CORPORATION 
 GREENSTONE INDUSTRIES, INC. 
 KETCHIKAN PULP COMPANY 
 LOUISIANA-PACIFIC INTERNATIONAL, INC. 
 LPS CORPORATION 
 and 
 Banc of America Securities LLC 
 Goldman, Sachs & Co. 
 RBC
Capital Markets Corporation 
 Dated as of March 10, 2009 

 REGISTRATION RIGHTS AGREEMENT 
 This Registration Rights Agreement (this “Agreement”) is made and entered into as of March 10, 2009, by and among Louisiana-Pacific
Corporation, a Delaware corporation (the “Company”), Greenstone Industries, Inc., Ketchikan Pulp Company, Louisiana-Pacific International, Inc. and LPS Corporation (collectively, the “Guarantors”), and Banc of America Securities
LLC, Goldman, Sachs & Co. and RBC Capital Markets Corporation (collectively, the “Initial Purchasers”), each of whom has agreed to purchase the Company’s units (the “Units”), each consisting of (a) $1,000
principal amount at maturity of the Company’s 13% Senior Secured Notes due 2017 (the “Notes”) fully and unconditionally guaranteed by the Guarantors (the “Guarantees”) and (b) a warrant to purchase 49.0559 shares of
common stock of the Company, pursuant to the Purchase Agreement (as defined below). The Notes and the Guarantees included in the Indenture are herein collectively referred to as the “Securities.” 
 This Agreement is made pursuant to the purchase agreement, dated March 3, 2009 (the “Purchase Agreement”), among the Company, the
Guarantors and the Initial Purchasers (i) for the benefit of the Initial Purchasers and (ii) for the benefit of the Holders from time to time of the Transfer Restricted Securities (as defined herein), including the Initial Purchasers. In
order to induce the Initial Purchasers to purchase the Units, including the Securities, the Company has agreed to provide the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the
obligations of the Initial Purchasers set forth in Section 5(i) of the Purchase Agreement. 
 The parties hereby agree as follows:

 SECTION 1. Definitions. As used in this Agreement, the following capitalized terms shall have the following meanings:

 Additional Interest: As defined in Section 5 hereof. 
 Broker-Dealer: Any broker or dealer registered under the Exchange Act. 
 Business Day: Any day other than a Saturday, Sunday or U.S. federal holiday or a day on which banking institutions or trust companies located in
New York, New York are authorized or obligated to be closed. 
 Closing Date: The date of this Agreement. 
 Commission: The Securities and Exchange Commission. 
 Company: As defined in the preamble hereto. 
 Consummate: A registered Exchange Offer shall be
deemed “Consummated” for purposes of this Agreement upon the occurrence of (i) the filing and effectiveness under the Securities Act of an Exchange Offer Registration Statement relating to the Exchange Securities to be issued in the
Exchange Offer, (ii) the maintenance of such Exchange Offer Registration 

 
Statement continuously effective and the keeping of the Exchange Offer open for a period not less than the minimum period required pursuant to
Section 3(b) hereof, and (iii) the delivery by the Company to the Registrar under the Indenture of Exchange Securities in the same aggregate principal amount as the aggregate principal amount of Transfer Restricted Securities that were
validly tendered (and not withdrawn) by Holders thereof pursuant to the Exchange Offer. 
 Exchange Act: The Securities Exchange Act
of 1934, as amended. 
 Exchange Date: As defined in Section 3(a) hereto. 
 Exchange Offer: The registration by the Company under the Securities Act of the Exchange Securities pursuant to a Registration Statement pursuant
to which the Company offers the Holders of all outstanding Transfer Restricted Securities the opportunity to exchange all such outstanding Transfer Restricted Securities held by such Holders for Exchange Securities in an aggregate principal amount
equal to the aggregate principal amount of the Transfer Restricted Securities validly tendered (and not withdrawn) in such exchange offer by such Holders. 
 Exchange Offer Registration Statement: The Registration Statement relating to the Exchange Offer, including the related Prospectus. 
 Exchange Securities: The 13% Senior Secured Notes due 2017, of the same series under the Indenture as the Transfer Restricted Securities, to be issued to Holders in exchange for Transfer Restricted Securities
pursuant to the Exchange Offer. 
 FINRA: The Financial Industry Regulatory Authority, Inc. 
 Freely Tradable: means, with respect to a Security, a Security that at any time of determination (i) may be resold to the public in
accordance with Rule 144 under the Securities Act (“Rule 144”) by a person that is not an “affiliate” (as defined in Rule 144 under the Securities Act) of the Company (and whether or not the Company has failed to file any
required report under the Exchange Act), (ii) does not bear any restrictive legends relating to the Securities Act and (iii) does not bear a restricted CUSIP number. 
 Guarantees: As defined in the preamble hereto. 
 Guarantors: As defined in the preamble hereto. 
 Holders: As defined in Section 2(b)
hereof. 
 Indemnified Holder: As defined in Section 8(a) hereof. 
 Indenture: The Indenture, dated as of March 10, 2009, by and among the Company, the Guarantors and The Bank of New York Mellon Trust Company,
N.A., as trustee (the “Trustee”), pursuant to which the Securities are to be issued, as such Indenture is amended, modified or supplemented from time to time in accordance with the terms thereof. 
 Initial Purchasers: As defined in the preamble hereto. 
  

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 Initial Placement: The issuance and sale by the Company of the Transfer Restricted Securities to
the Initial Purchasers pursuant to the Purchase Agreement. 
 Issuer Free Writing Prospectus: As defined in Section 4(c) hereof.

 Notes: As defined in the preamble hereto. 
 Person: An individual, partnership, limited partnership, limited liability company, corporation, trust or unincorporated organization, or a government or agency or political subdivision thereof. 
 Prospectus: The prospectus included in a Registration Statement, as amended or supplemented by any prospectus supplement and by all other
amendments thereto, including post-effective amendments, and all material incorporated by reference into such Prospectus. 
 Registration
Default: As defined in Section 5 hereof. 
 Registration Statement: Any registration statement of the Company relating to
(a) an offering of Exchange Securities pursuant to an Exchange Offer or (b) the registration for resale of Transfer Restricted Securities pursuant to a Shelf Registration Statement, which is filed pursuant to the provisions of this
Agreement, in each case, including the Prospectus included therein, all amendments and supplements thereto (including post-effective amendments) and all exhibits and material incorporated by reference therein. 
 Securities: As defined in the preamble hereto. 
 Securities Act: The Securities Act of 1933, as amended. 
 Shelf Filing Deadline: As defined in
Section 4(a) hereof. 
 Shelf Registration Statement: As defined in Section 4(a) hereof. 
 Transfer Restricted Securities: All Securities that are not Freely Tradable. 
 Trust Indenture Act: The Trust Indenture Act of 1939, as amended. 
 Underwritten Registration or Underwritten Offering: A registration in which securities of the Company are sold to an underwriter for reoffering to the public. 
 SECTION 2. Securities Subject to this Agreement. 
 (a) Transfer Restricted Securities. The securities entitled to the benefits of this Agreement are the Transfer Restricted Securities, for so long as they remain such. 
 (b) Holders of Transfer Restricted Securities. A Person is deemed to be a holder of Transfer Restricted Securities (each, a “Holder”)
whenever such Person owns Transfer Restricted Securities of record. 
  

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 SECTION 3. Registered Exchange Offer. 
 (a) Unless the Exchange Offer shall not be permissible under applicable law or Commission policy (after the procedures set forth in Section 6(a)
hereof have been complied with), or there are no Transfer Restricted Securities outstanding, each of the Company and the Guarantors shall (i) cause to be filed with the Commission, a Registration Statement under the Securities Act relating to
the Exchange Securities and the Exchange Offer, (ii) use commercially reasonable efforts to cause such Registration Statement to become effective, (iii) in connection with the foregoing, (A) file all pre-effective amendments to such
Registration Statement as may be necessary in order to cause such Registration Statement to become effective, (B) file, if applicable, a post-effective amendment to such Registration Statement pursuant to Rule 430A under the Securities Act and
(C) cause all necessary filings in connection with the registration and qualification of the Exchange Securities to be made under the state securities or blue sky laws of such jurisdictions as are necessary to permit Consummation of the
Exchange Offer, and (iv) upon the effectiveness of such Registration Statement, commence the Exchange Offer. Each of the Company and the Guarantors shall use commercially reasonable efforts to Consummate the Exchange Offer not later than 372
days following the Closing Date (or if such 372nd day is not a Business Day, the next succeeding Business Day) (the “Exchange Date”); provided, however, that the Company and the Guarantors shall not be required to register,
commence or Consummate such Exchange Offer if all of the Securities are Freely Tradable on or before the Exchange Date. The Exchange Offer, if required pursuant to this Section 3(a), shall be on the appropriate form permitting registration of
the Exchange Securities to be offered in exchange for the Transfer Restricted Securities and to permit resales of Transfer Restricted Securities held by Broker-Dealers as contemplated by Section 3(c) hereof. 
 (b) If an Exchange Offer Registration Statement is required to be filed and declared effective pursuant to Section 3(a) above, the Company and the
Guarantors shall cause the Exchange Offer Registration Statement to be effective continuously and shall keep the Exchange Offer open for a period of not less than the minimum period required under applicable federal and state securities laws to
Consummate the Exchange Offer; provided, however, that in no event shall such period be less than 30 days after the date notice of the Exchange Offer is mailed to the Holders. The Company shall cause the Exchange Offer to comply with
all applicable federal and state securities laws. No securities other than the Exchange Securities shall be included in the Exchange Offer Registration Statement. The Company shall use commercially reasonable efforts to cause the Exchange Offer to
be Consummated by the Exchange Date; provided, however, that the Company and the Guarantors shall not be required to register, commence or Consummate the Exchange Offer if all of the Securities are Freely Tradable on or before the
Exchange Date. 
 (c) The Company shall indicate in a “Plan of Distribution” section contained in the Prospectus forming a part of
the Exchange Offer Registration Statement that any Broker-Dealer who holds Transfer Restricted Securities and that were acquired for its own account as a result of market-making activities or other trading activities (other than Transfer Restricted
Securities acquired directly from the Company), may exchange such Transfer Restricted Securities pursuant to the Exchange Offer; however, such Broker-Dealer may be deemed to be an “underwriter” within the meaning of the Securities Act and
must, therefore, deliver a prospectus meeting the requirements of the Securities Act in connection with any resales of the Exchange 

  

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Securities received by such Broker-Dealer in the Exchange Offer, which prospectus delivery requirement may be satisfied by the delivery by such Broker-Dealer
of the Prospectus contained in the Exchange Offer Registration Statement. Such “Plan of Distribution” section shall also contain all other information with respect to such resales by Broker-Dealers that the Commission may require in order
to permit such resales pursuant thereto, but such “Plan of Distribution” shall not name any such Broker-Dealer or disclose the amount of Transfer Restricted Securities held by any such Broker-Dealer except to the extent required by the
Commission as a result of a change in policy after the date of this Agreement. 
 Each of the Company and the Guarantors shall use
commercially reasonable efforts to keep the Exchange Offer Registration Statement continuously effective, supplemented and amended as required by the provisions of Section 6(c) hereof to the extent necessary to ensure that it is available for
resales of Transfer Restricted Securities acquired by Broker-Dealers for their own accounts as a result of market-making activities or other trading activities, and to ensure that it conforms with the requirements of this Agreement, the Securities
Act and the policies, rules and regulations of the Commission as announced from time to time, for a period ending on the earlier of (i) 180 days from the date on which the Exchange Offer Registration Statement is declared effective and
(ii) the date on which a Broker-Dealer is no longer required to deliver a prospectus in connection with market-making or other trading activities. 
 The Company shall provide sufficient copies of the latest version of such Prospectus to Broker-Dealers promptly upon request at any time during such 180-day (or shorter as provided in the foregoing sentence) period in
order to facilitate such resales. 
 Notwithstanding anything in this Section 3 to the contrary, the requirements to register, commence
and Consummate the Exchange Offer shall terminate at such time at which all the Securities are Freely Tradable. 
 SECTION 4. Shelf
Registration. 
 (a) Shelf Registration. If (i) the Company is not required to file an Exchange Offer Registration Statement
or to commence or Consummate the Exchange Offer because the Exchange Offer is not permitted by applicable law or Commission policy (after the procedures set forth in Section 6(a) hereof have been complied with), and (ii) the Securities are
not all Freely Tradable on or before the Exchange Date, the Company and the Guarantors shall 
 (x) cause to be filed a shelf
registration statement pursuant to Rule 415 under the Securities Act, which may be an amendment to the Exchange Offer Registration Statement (in either event, the “Shelf Registration Statement”) on or prior to 30 days after such obligation
arises but no earlier than the 372nd day after the Closing Date (or if such 372nd day is not a Business Day, the next succeeding Business Day) (such date being the “Shelf Filing Deadline”), which Shelf Registration Statement shall provide
for resales of all Transfer Restricted Securities the Holders of which shall have provided the information required pursuant to Section 4(b) hereof; and 
 (y) use commercially reasonable efforts to cause such Shelf Registration Statement to be declared effective by the Commission. 

 

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 Each of the Company and the Guarantors shall use commercially reasonable efforts to keep such Shelf
Registration Statement continuously effective, supplemented and amended as required by the provisions of Sections 6(b) and (c) hereof to the extent necessary to ensure that it is available for resales of Transfer Restricted Securities by the
Holders of such Securities entitled to the benefit of this Section 4(a), and to ensure that it conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time
to time, from the date on which the Shelf Registration Statement is declared effective by the Commission until the earlier of the first anniversary of the effective date of the Shelf Registration Statement and the date all Transfer Restricted
Securities covered by the Shelf Registration Statement have either been sold as contemplated in the Shelf Registration Statement or become Freely Tradable. Notwithstanding anything to the contrary, the requirements to file a Shelf Registration
Statement and to have such Shelf Registration Statement become effective and remain effective shall terminate at such time at which all of the Securities are Freely Tradable. 
 (b) Provision by Holders of Certain Information in Connection with the Shelf Registration Statement. No Holder of Transfer Restricted Securities
may include any of its Transfer Restricted Securities in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Company in writing, within 10 Business Days after receipt of a request therefor, such
information as the Company may reasonably request for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. Each Holder as to which any Shelf Registration Statement is being effected agrees
to furnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such Holder not materially misleading. 
 (c) Issuer Free Writing Prospectuses. Each Holder represents and agrees that, unless it obtains the prior consent of the Company, it will not make
any offer relating to the Securities that would constitute an “issuer free writing prospectus,” as defined in Rule 433 under the Securities Act (an “Issuer Free Writing Prospectus”), or that would otherwise constitute a
“free writing prospectus,” as defined in Rule 405 under the Securities Act, required to be filed with the Commission. The Company represents that any Issuer Free Writing Prospectus, when taken together with the information in the Shelf
Registration Statement and the Prospectus, will not include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not
misleading. 
 (d) If any of the Transfer Restricted Securities covered by any Shelf Registration Statement are to be sold in an underwritten
offering, the underwriter or underwriters and manager or managers that will manage such offering shall be selected by the Holders of a majority in aggregate principal amount of such Transfer Restricted Securities included in such offering and, in
the case of an underwriter other than an Initial Purchaser, shall be reasonably acceptable to the Company. The Company shall be required to effect an underwritten offering only if the Company is required to file a Shelf Registration Statement and in
no event shall the Company be required to effect more than five (5) underwritten offerings pursuant to this Agreement. 
  

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 SECTION 5. Additional Interest. In the event that any of the Securities are not Freely
Tradable Securities on or before the Exchange Date and (i) the Exchange Offer, if required by this Agreement, has not been Consummated on or before the Exchange Date; (ii) any Shelf Registration Statement, if required hereby, has not been
filed with the Commission by the date that is 30 days following the Exchange Date, (iii) any Shelf Registration Statement, if required hereby, has not been declared effective prior to the later to occur of (x) the 60th day after such Shelf
Registration Statement was required to be filed hereby or (y) the date that is 432 days after the Closing Date or (iv) any Registration Statement required by this Agreement has been declared effective but ceases to be effective at any time
at which it is required to be effective under this Agreement (for as long as such registration Statement has not been succeeded by a post-effective amendment to such Registration Statement that cures such failure and that is declared effective)
(each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Transfer Restricted Securities shall increase by 0.25% per annum during the 90-day
period immediately following the occurrence of any Registration Default and shall increase by 0.25% per annum at the end of the subsequent 90-day period (such increase “Additional Interest”), but in no event shall such increase exceed
0.50% per annum. At the earlier of (i) the cure of all Registration Defaults relating to the particular Transfer Restricted Securities or (ii) the particular Transfer Restricted Securities having become Freely Tradable, the interest
rate borne by the relevant Transfer Restricted Securities will be reduced to the original interest rate borne by such Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate due to the cure
of a Registration Default, a different Registration Default relating to such Transfer Restricted Securities occurs, the interest rate borne by the relevant Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions.

 SECTION 6. Registration Procedures. 
 (a) Exchange Offer Registration Statement. In connection with the Exchange Offer, if required pursuant to Section 3(a) hereof, the Company and the Guarantors shall comply with all of the provisions of
Section 6(c) hereof and shall use commercially reasonable efforts to effect such exchange to permit the sale of Transfer Restricted Securities being sold in accordance with the intended method or methods of distribution thereof. 
 As a condition to its participation in the Exchange Offer pursuant to the terms of this Agreement, each Holder of Transfer Restricted Securities shall
furnish, upon the request of the Company, prior to the Consummation thereof, a written representation to the Company (which may be contained in the letter of transmittal contemplated by the Exchange Offer Registration Statement) to the effect that
(A) it is not an affiliate of the Company, (B) it is not engaged in, and does not intend to engage in, and has no arrangement or understanding with any Person to participate in, a distribution of the Exchange Securities to be issued in the
Exchange Offer and (C) it is acquiring the Exchange Securities in its ordinary course of business. In addition, all such Holders of Transfer Restricted Securities shall otherwise cooperate in the Company’s preparations for the Exchange
Offer. Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder using the Exchange Offer to participate in a distribution of the securities to be acquired in the Exchange Offer (1) could not under Commission policy
as in effect on the date of this Agreement rely on the position of the Commission enunciated in Morgan Stanley and Co., Inc. (available June 5, 1991) and Exxon Capital Holdings Corporation (available May 13, 1988), 

  

 7 

 
as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993, and similar no-action letters (which may include any
no-action letter obtained pursuant to clause (i) above), and (2) must comply with the registration and prospectus delivery requirements of the Securities Act in connection with a secondary resale transaction and that such a secondary
resale transaction should be covered by an effective registration statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K if the resales are of Exchange Securities obtained by
such Holder in exchange for Transfer Restricted Securities acquired by such Holder directly from the Company. 
 (b) Shelf Registration
Statement. If required pursuant to Section 4, in connection with the Shelf Registration Statement, each of the Company and the Guarantors shall comply with all the provisions of Section 6(c) hereof and shall use commercially reasonable
efforts to effect such registration to permit the sale of the Transfer Restricted Securities being sold in accordance with the intended method or methods of distribution thereof, and pursuant thereto each of the Company and the Guarantors will
prepare and file with the Commission a Registration Statement relating to the registration on any appropriate form under the Securities Act, which form shall be available for the sale of the Transfer Restricted Securities in accordance with the
intended method or methods of distribution thereof in accordance with the time periods set forth in Section 4. 
 (c) General
Provisions. In connection with any Registration Statement and any Prospectus required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related
Prospectus required to permit resales of Transfer Restricted Securities by Broker-Dealers), each of the Company and the Guarantors shall: 
 (i) use commercially reasonable efforts to keep such Registration Statement continuously effective and provide all requisite financial statements (including, if required by the Securities Act or any regulation
thereunder, financial statements of the Guarantors for the period specified in Section 3 or 4 hereof, as applicable); upon the occurrence of any event that would cause any such Registration Statement or the Prospectus contained therein
(A) to contain a material misstatement or omission or (B) not to be effective and usable for resale of Transfer Restricted Securities during the period required by this Agreement, the Company shall file promptly an appropriate amendment to
such Registration Statement, in the case of clause (A), correcting any such misstatement or omission, and, in the case of either clause (A) or (B), use commercially reasonable efforts to cause such amendment to be declared effective and such
Registration Statement and the related Prospectus to become usable for their intended purpose(s) as soon as practicable thereafter; 
 (ii) prepare and file with the Commission such amendments and post-effective amendments to the applicable Registration Statement as may be necessary to keep the Registration Statement effective for the applicable period set forth in
Section 3 or 4 hereof, as applicable, or such shorter period as will terminate when all Transfer Restricted Securities covered by such Registration Statement have been sold or are Freely Tradable; cause the Prospectus to be supplemented by any
required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 under the Securities 

  

 8 

 
Act, and to comply fully with the applicable provisions of Rules 424 and 430A under the Securities Act in a timely manner; and comply with the provisions of
the Securities Act with respect to the disposition of all securities covered by such Registration Statement during the applicable period in accordance with the intended method or methods of distribution by the sellers thereof set forth in such
Registration Statement or supplement to the Prospectus; 
 (iii) in the case of a Shelf Registration Statement, advise the
underwriter(s), if any, and selling Holders promptly and, if requested by such Persons, to confirm such advice in writing, (A) when the Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to any
Registration Statement or any post-effective amendment thereto, when the same has become effective, (B) of any request by the Commission for amendments to the Registration Statement or amendments or supplements to the Prospectus or for
additional information relating thereto, (C) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement under the Securities Act or of the suspension by any state securities commission of the
qualification of the Transfer Restricted Securities for offering or sale in any jurisdiction, or the initiation of any proceeding for any of the preceding purposes, (D) of the existence of any fact or the happening of any event that makes any
statement of a material fact made in the Registration Statement, the Prospectus, any amendment or supplement thereto, or any document incorporated by reference therein untrue, or that requires the making of any additions to or changes in the
Registration Statement or the Prospectus in order to make the statements therein not misleading. If at any time the Commission shall issue any stop order suspending the effectiveness of the Registration Statement, or any state securities commission
or other regulatory authority shall issue an order suspending the qualification or exemption from qualification of the Transfer Restricted Securities under state securities or blue sky laws, each of the Company and the Guarantors shall use
commercially reasonable efforts to obtain the withdrawal or lifting of such order at the earliest possible time; 
 (iv)
furnish without charge to each of the Initial Purchasers, each selling Holder named in any Registration Statement, and each of the underwriter(s), if any, at least three Business Days before filing with the Commission, copies of any Registration
Statement or any Prospectus included therein or any amendments or supplements to any such Registration Statement or Prospectus (including all documents incorporated by reference after the initial filing of such Registration Statement), which
documents will be subject to the review and comment of such Holders and underwriter(s) in connection with such sale, if any, for a period of at least three Business Days, and the Company will not file any such Registration Statement or Prospectus or
any amendment or supplement to any such Registration Statement or Prospectus (including all such documents incorporated by reference) to which an Initial Purchaser of Transfer Restricted Securities covered by such Registration Statement or the
underwriter(s), if any, shall reasonably object in writing within three Business Days after the receipt thereof (such objection to be deemed timely made upon confirmation of telecopy transmission within such period). The objection of an Initial
Purchaser or underwriter, if any, shall be deemed to be reasonable if such Registration Statement, amendment, Prospectus or supplement, as applicable, as proposed to be filed, contains a material misstatement or omission; 
  

 9 

 (v) in the case of a Shelf Registration Statement, make available at reasonable times for
inspection by the Initial Purchasers, the managing underwriter(s), if any, participating in any disposition pursuant to such Registration Statement and any attorney or accountant retained by such Initial Purchasers or any of the underwriter(s), all
financial and other records, pertinent corporate documents and properties of each of the Company and the Guarantors and cause the Company’s and the Guarantors’ officers, directors and employees to supply all information reasonably
requested by any Initial Purchaser, underwriter, attorney or accountant in connection with such Registration Statement or any post-effective amendment thereto subsequent to the filing thereof and prior to its effectiveness and to participate in
meetings with investors to the extent requested by the managing underwriter(s), if any, until such time as such information becomes publicly available; 
 (vi) in the case of a Shelf Registration Statement, if requested by any selling Holders or the underwriter(s), if any, promptly incorporate in any Registration Statement or Prospectus, pursuant to a supplement or
post-effective amendment if necessary, such information as such selling Holders and underwriter(s), if any, may reasonably request to have included therein, including, without limitation, information relating to the “Plan of Distribution”
of the Transfer Restricted Securities, information with respect to the principal amount of Transfer Restricted Securities being sold to such underwriter(s), the purchase price being paid therefor and any other terms of the offering of the Transfer
Restricted 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 the Company is notified of the matters to be incorporated in such Prospectus
supplement or post-effective amendment; 
 (vii) in the case of a Shelf Registration Statement, cause the Transfer Restricted
Securities covered by the Registration Statement to be rated with the appropriate rating agencies, if so requested by the Holders of a majority in aggregate principal amount of Securities covered thereby or the underwriter(s), if any; 
 (viii) furnish to each Initial Purchaser and, in the case of a Shelf Registration Statement, each selling Holder and each of the
underwriter(s), if any, without charge, at least one copy of the Registration Statement, as first filed with the Commission, and of each amendment thereto, including financial statements and schedules, all documents incorporated by reference therein
and all exhibits (including exhibits incorporated therein by reference); 
 (ix) in the case of a Shelf Registration
Statement, deliver to each selling Holder and each of the underwriter(s), if any, without charge, as many copies of the Prospectus (including each preliminary prospectus) and any amendment or supplement thereto as such Persons reasonably may
request; each of the Company and the Guarantors hereby consents to the use of the Prospectus and any amendment or supplement thereto by each of the selling Holders and each of the underwriter(s), if any, in connection with the offering and the sale
of the Transfer Restricted Securities covered by the Prospectus or any amendment or supplement thereto; 
  

 10 

 (x) in the case of a Shelf Registration Statement, enter into such agreements (including
an underwriting agreement), and make such representations and warranties, and take all such other actions in connection therewith in order to expedite or facilitate the disposition of the Transfer Restricted Securities pursuant to any Shelf
Registration Statement contemplated by this Agreement, all to such extent as may be reasonably requested by any Initial Purchaser, Holders of a majority in aggregate principal amount of Transfer Restricted Securities or the underwriters in
connection with any sale or resale pursuant to any Registration Statement contemplated by this Agreement; and whether or not an underwriting agreement is entered into and whether or not the registration is an Underwritten Registration, each of the
Company and the Guarantors shall: 
 (A) furnish to the selling Holders and each underwriter, if any, in such substance and
scope as they may reasonably request and as are customarily made by issuers to underwriters in primary underwritten offerings, upon the effectiveness of the Shelf Registration Statement: 
 (1) a certificate, dated the date of effectiveness of the Shelf Registration Statement signed by (y) the President or any Vice
President and (z) a principal financial or accounting officer of each of the Company and the Guarantors, confirming, as of the date thereof, the matters set forth in Section 5(f) of the Purchase Agreement and such other matters as such
parties may reasonably request; 
 (2) an opinion, dated the date of effectiveness of the Shelf Registration Statement of
counsel for the Company and the Guarantors, covering the matters reasonable satisfactory to the managing underwriters and covering matters of the type customarily covered in opinions to underwriters in connection with primary underwritten offerings;
and 
 (3) a customary comfort letter, dated the date of effectiveness of the Shelf Registration Statement, from the
Company’s independent accountants, in the customary form and covering matters of the type customarily requested to be covered in comfort letters by underwriters in connection with primary underwritten offerings; 
 (B) set forth in full or incorporate by reference in the underwriting agreement, if any, the indemnification provisions and procedures of
Section 8 hereof or substantially similar provisions with respect to all parties to be indemnified pursuant to such underwriting agreement; and 
 (C) deliver such other documents and certificates as may be reasonably requested by such parties to evidence compliance with Section 6(c)(x)(A) hereof and with any customary conditions contained in the
underwriting agreement or other agreement entered into by the Company or any of the Guarantors pursuant to this Section 6(c)(x), if any. 
  

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 If at any time the representations and warranties of the Company and the Guarantors contemplated in
Section 6(c)(x)(A)(1) hereof cease to be true and correct, the Company or the Guarantors shall so advise the Initial Purchasers and the underwriter(s), if any, and each selling Holder promptly and, if requested by such Persons, shall confirm
such advice in writing; 
 (xi) in the case of a Shelf Registration, prior to any public offering of Transfer Restricted
Securities, cooperate with the selling Holders, the underwriter(s), if any, and their respective counsel in connection with the registration and qualification of the Transfer Restricted Securities under the state securities or blue sky laws of such
jurisdictions as the selling Holders or underwriter(s), if any, may request and do any and all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the Transfer Restricted Securities covered by the Shelf
Registration Statement; provided, however, that none of the Company nor the Guarantors shall be required to register or qualify as a foreign corporation where it is not then so qualified or to take any action that would subject it to
the service of process in suits or to taxation in any jurisdiction where it is not then so subject; 
 (xii) in the case of a
Shelf Registration, cooperate with the selling Holders and the underwriter(s), if any, to facilitate the timely preparation and delivery of certificates representing Transfer Restricted Securities to be sold and not bearing any restrictive legends;
and enable such Transfer Restricted Securities to be in such denominations and registered in such names as the Holders or the underwriter(s), if any, may request at least two Business Days prior to any sale of Transfer Restricted Securities made by
such Holders or underwriter(s); 
 (xiii) in the case of a Shelf Registration, use commercially reasonable efforts to cause
the Transfer Restricted Securities covered by the Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter(s), if any,
to consummate the disposition of such Transfer Restricted Securities, subject to the proviso contained in Section 6(c)(xi) hereof; 
 (xiv) in the case of a Shelf Registration, if any fact or event contemplated by Section 6(c)(iii)(D) hereof shall exist or have occurred, prepare a supplement or post-effective amendment to the Registration
Statement or related Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the purchasers of Transfer Restricted Securities, the Prospectus will not contain an untrue
statement of a material fact or omit to state any material fact necessary in order to make the statements therein in light of the circumstances under which they were made, not misleading; 
 (xv) provide a CUSIP number for all Securities not later than the effective date of the Registration Statement covering such Securities
and provide the Trustee under the 

  

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Indenture with printed certificates for such Securities which are in a form eligible for deposit with the Depository Trust Company and take all other action
necessary to ensure that all such Securities are eligible for deposit with the Depository Trust Company; 
 (xvi) in the case
of a Shelf Registration, cooperate and assist in any filings required to be made with FINRA and in the performance of any due diligence investigation by any underwriter (including any “qualified independent underwriter”) that is required
to be retained in accordance with the rules and regulations of FINRA; 
 (xvii) otherwise use commercially reasonable efforts
to comply with all applicable rules and regulations of the Commission, and make generally available to its security holders, as soon as reasonably practicable, an earnings statement meeting the requirements of Rule 158 under the Securities Act;

 (xviii) cause the Indenture to be qualified under the Trust Indenture Act not later than the effective date of the first
Registration Statement required by this Agreement, and, in connection therewith, cooperate with the Trustee and the Holders of Securities to effect such changes to the Indenture as may be required for such Indenture to be so qualified in accordance
with the terms of the Trust Indenture Act; and to execute, and use commercially reasonable efforts to cause the Trustee to execute, all documents that may be required to effect such changes and all other forms and documents required to be filed with
the Commission to enable such Indenture to be so qualified in a timely manner; and 
 (xix) cause all Securities covered by
the Registration Statement to be listed on each securities exchange or automated quotation system on which similar securities issued by the Company are then listed if requested by the Holders of a majority in aggregate principal amount of Transfer
Restricted Securities or the managing underwriter(s), if any. 
 In the case of a Shelf Registration Statement, each Holder agrees by
acquisition of a Transfer Restricted Security that, upon receipt of any notice from the Company of the existence of any fact of the kind described in Section 6(c)(iii)(D) hereof, such Holder will forthwith discontinue disposition of Transfer
Restricted Securities pursuant to the applicable Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 6(c)(xv) hereof, or until it is advised in writing (the
“Advice”) by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated by reference in the Prospectus. If so directed by the Company, each Holder will
deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such Transfer Restricted Securities that was current at the time of receipt of such
notice. In the event the Company shall give any such notice, the time period regarding the effectiveness of such Registration Statement set forth in Section 3 or 4 hereof, as applicable, 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 6(c)(iii)(D) hereof to and including the date when each selling Holder covered by such Registration Statement shall have received the copies of the supplemented or
amended Prospectus contemplated by Section 6(c)(xv) hereof or shall have received the Advice; provided, however, that no such extension shall be taken into account in determining whether Additional Interest shall be payable.

  

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 SECTION 7. Registration Expenses. 
 (a) All expenses incident to the Company’s and the Guarantors’ performance of or compliance with this Agreement will be borne by the Company and
the Guarantors, jointly and severally, regardless of whether a Registration Statement becomes effective, including, without limitation: (i) all registration and filing fees and expenses (including filings made by any Transfer Restricted Initial
Purchaser or Holder with the FINRA (and, if applicable, the fees and expenses of any “qualified independent underwriter” and its counsel that may be required by the rules and regulations of FINRA)); (ii) all fees and expenses of
compliance with federal securities and state securities or blue sky laws; (iii) all expenses of printing (including printing certificates for the Exchange Securities to be issued in the Exchange Offer and printing of Prospectuses), messenger
and delivery services and telephone; (iv) all fees and disbursements of counsel for the Company, the Guarantors and, to the extent contemplated by Section 7(b) hereof, the Holders of Transfer Restricted Securities; (v) all application
and filing fees in connection with listing the Exchange Securities on a securities exchange or automated quotation system pursuant to the requirements thereof; and (vi) all fees and disbursements of independent certified public accountants of
the Company and the Guarantors (including the expenses of any special audit and comfort letters required by or incident to such performance). 
 Each of the Company and the Guarantors will, in any event, bear its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expenses of any annual
audit and the fees and expenses of any Person, including special experts, retained by the Company or the Guarantors. 
 (b) In connection
with any Shelf Registration Statement required by this Agreement, the Company and the Guarantors, jointly and severally, will reimburse the Holders of Transfer Restricted Securities being resold pursuant to the “Plan of Distribution”
contained in the Shelf Registration Statement, as applicable, for the reasonable fees and disbursements of not more than one counsel, who shall be Cahill Gordon & Reindel LLP or such other counsel as may be chosen by the
Holders of a majority in principal amount of the Transfer Restricted Securities for whose benefit such Registration Statement is being prepared and reasonably acceptable to the Company. 
 SECTION 8. Indemnification. 
 (a)
The Company and the Guarantors, jointly and severally, agree to indemnify and hold harmless (i) each Holder and (ii) each Person, if any, who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act) any Holder (any of the Persons referred to in this clause (ii) being hereinafter referred to as a “controlling person”) and (iii) the respective officers, directors, partners, employees, representatives and agents
of any Holder or any controlling person (any Person referred to in clause (i), (ii) or (iii) may hereinafter be referred to as an “Indemnified Holder”), to the fullest extent lawful, from and against any and all losses, claims,
damages, liabilities, judgments, actions and expenses (including, without limitation, and as incurred, reimbursement of all reasonable costs of investigating, preparing, 

  

 14 

 
pursuing, settling, compromising, paying or defending any claim or action, or any investigation or proceeding by any governmental agency or body, commenced
or threatened, including the reasonable fees and expenses of counsel to any Indemnified Holder), joint or several, directly or indirectly caused by, related to, based upon, arising out of or in connection with any untrue statement or alleged untrue
statement of a material fact contained in any Registration Statement (or any amendment or supplement thereto) or Prospectus (or any amendment or supplement thereto) or any Issuer Free Writing Prospectus (or any amendment or supplement thereto), or
any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, except insofar as such losses, claims, damages, liabilities or expenses are caused by an
untrue statement or omission or alleged untrue statement or omission that is made in reliance upon and in conformity with information relating to any of the Holders furnished in writing to the Company by any of the Holders expressly for use therein.
This indemnity agreement shall be in addition to any liability which the Company or any of the Guarantors may otherwise have. 
 In case any
action or proceeding (including any governmental or regulatory investigation or proceeding) shall be brought or asserted against any of the Indemnified Holders with respect to which indemnity may be sought against the Company or the Guarantors, such
Indemnified Holder shall promptly notify the Company and the Guarantors in writing; provided, however, that the failure to give such notice shall not relieve any of the Company or the Guarantors of its obligations pursuant to this
Section 8 except to the extent that it has been materially prejudiced by such failure, and provided further that the failure to give such notice shall not relieve any of the Company or the Guarantors from any liability that it may have
to an Indemnified Holder otherwise than under this Section 8. If any such proceeding shall be brought or asserted against an Indemnified Holder and it shall have notified the Company thereof, the Company shall retain counsel reasonably
satisfactory to the Indemnified Holder (who shall not, without the consent of the Indemnified Holder, be counsel to the Company) to represent the Indemnified Person in such Proceeding, and the fees and expenses of such counsel shall be reimbursed,
as incurred, by the Company and the Guarantors. In any such proceeding, any Indemnified Holder shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Holder unless
(i) the Company and the Indemnified Holder shall have mutually agreed to the contrary or (ii) the Company has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Holder. The Company and the
Guarantors shall not, in connection with any one such action or proceeding or separate but substantially similar or related actions or proceedings in the same jurisdiction arising out of the same general allegations or circumstances, be liable for
the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all Indemnified Holders. The Company and the Guarantors shall be liable for any settlement of any such action or
proceeding effected with the Company’s and the Guarantors’ prior written consent, and each of the Company and the Guarantors agrees to indemnify and hold harmless any Indemnified Holder from and against any loss, claim, damage, liability
or expense by reason of any settlement of any action effected with the written consent of the Company and the Guarantors. The Company and the Guarantors shall not, without the prior written consent of each Indemnified Holder, settle or compromise or
consent to the entry of judgment in or otherwise seek to terminate any pending or threatened action, claim, litigation or proceeding in respect of which indemnification or contribution may be sought hereunder, and in which such Indemnified Holder

  

 15 

 
is or could have been a party thereto), unless such settlement, compromise, consent or termination includes an unconditional release of each Indemnified
Holder from all liability arising out of such action, claim, litigation or proceeding and there is no admission of fault on the part of the Indemnified Holders. 
 (b) Each Holder of Transfer Restricted Securities agrees, severally and not jointly, to indemnify and hold harmless the Company, the Guarantors and their respective directors, officers of the Company and the
Guarantors who sign a Registration Statement, and any Person controlling (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) the Company or any of the Guarantors, and the respective officers,
directors, partners, employees, representatives and agents of each such Person, to the same extent as the foregoing indemnity from the Company and the Guarantors to each of the Indemnified Holders, but only with respect to claims and actions based
on information relating to such Holder furnished in writing by such Holder expressly for use in any Registration Statement or Prospectus (or any amendment or supplement thereto) or any free writing prospectus (or any amendment or supplement
thereto). In case any action or proceeding shall be brought against the Company, the Guarantors or their respective directors or officers or any such controlling person in respect of which indemnity may be sought against a Holder of Transfer
Restricted Securities, such Holder shall have the rights and duties given the Company and the Guarantors, and the Company, the Guarantors, their respective directors and officers and such controlling person shall have the rights and duties given to
each Holder by the preceding paragraph. 
 (c) If the indemnification provided for in this Section 8 is unavailable to an indemnified
party under Section 8(a) or (b) hereof (other than by reason of exceptions provided in those Sections) in respect of any losses, claims, damages, liabilities, judgments, actions or expenses referred to therein, then each applicable
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 losses, claims, damages, liabilities or expenses in such proportion as is appropriate to
reflect the relative benefits received by the Company and the Guarantors, on the one hand, and the Holders, on the other hand, from the Initial Placement (which in the case of the Company and the Guarantors shall be deemed to be equal to the total
gross proceeds to the Company and the Guarantors from the Initial Placement), the amount of Additional Interest which did not become payable as a result of the filing of the Registration Statement resulting in such losses, claims, damages,
liabilities, judgments actions or expenses, or if such allocation is not permitted by applicable law, the relative fault of the Company and the Guarantors, on the one hand, and the Holders, on the other hand, in connection with the statements or
omissions which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative fault of the Company on the one hand and of the Indemnified Holders on the other shall be
determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or any of the Guarantors,
on the one hand, or the Indemnified Holders, on the other hand, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The amount paid or payable by a party as a
result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include, subject to the limitations set forth above, any legal or other fees or expenses reasonably incurred by such party in connection with
investigating or defending any action or claim. 
  

 16 

 The Company, the Guarantors and each Holder of Transfer Restricted Securities agree that it would not be
just and equitable if contribution pursuant to this Section 8(c) were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation which does not take account of the
equitable considerations referred to in the immediately preceding paragraph. The amount paid or payable by an indemnified party as a result of the losses, claims, damages, liabilities or expenses referred to in the immediately preceding paragraph
shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions
of this Section 8, none of the Holders (and its related Indemnified Holders) shall be required to contribute, in the aggregate, any amount in excess of the amount by which the aggregate principal amount of the Transfer Restricted Securities of
such Holder exceeds the amount of any damages which such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(c) are
several in proportion to the respective principal amount of Transfer Restricted Securities held by each of the Holders hereunder and not joint. 
 SECTION 9. Participation in Underwritten Registrations. No Holder may participate in any Underwritten Registration hereunder unless such Holder (a) agrees to sell such Holder’s Transfer Restricted Securities on the
basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and executes all reasonable questionnaires, powers of attorney, indemnities, underwriting agreements,
lock-up letters and other documents required under the terms of such underwriting arrangements. 
 SECTION 10. Miscellaneous.

 (a) Remedies. Each of the Company and the Guarantors hereby agrees that monetary damages would not be adequate compensation for any
loss incurred by reason of a breach by it of the provisions of Sections 3, 4 and 6 of this Agreement and hereby agree to waive the defense in any action for specific performance that a remedy at law would be adequate. 
 (b) No Inconsistent Agreements. Each of the Company and the Guarantors will not on or after the date of this Agreement enter into any agreement
with respect to its securities that is inconsistent with the rights granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof. The rights granted to the Holders hereunder do not in any way conflict with and are not
inconsistent with the rights granted to the holders of the Company’s or any of the Guarantors’ securities under any agreement in effect on the date hereof. 
 (c) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to or departures from the provisions hereof may not be given unless the Company
has (i) in the case of Section 5 hereof 

  

 17 

 
and this Section 10(c)(i), obtained the written consent of Holders of all outstanding Transfer Restricted Securities and (ii) in the case of all
other provisions hereof, obtained the written consent of Holders of a majority of the outstanding principal amount of Transfer Restricted Securities (excluding any Transfer Restricted Securities held by the Company or its Affiliates).
Notwithstanding the foregoing, a waiver or consent to departure from the provisions hereof that relate exclusively to the rights of Holders whose securities are being tendered pursuant to the Exchange Offer or registered pursuant to a Shelf
Registration Statement and that do not affect directly or indirectly the rights of other Holders whose securities are not being tendered pursuant to such Exchange Offer or registered pursuant to a Shelf Registration Statement may be given by the
Holders of a majority of the outstanding principal amount of Transfer Restricted Securities being tendered or registered, as applicable; provided, however, that, with respect to any matter that directly or indirectly affects the rights
of any Initial Purchaser hereunder, the Company shall obtain the written consent of each such Initial Purchaser with respect to which such amendment, qualification, supplement, waiver, consent or departure is to be effective. 
 (d) Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, first-class mail
(registered or certified, return receipt requested), telex, telecopier, or air courier guaranteeing overnight delivery: 
 (i)
if to a Holder, at the address set forth on the records of the Registrar under the Indenture, with a copy to the Registrar under the Indenture; and 
 (ii) if to the Company: 
 Louisiana-Pacific Corporation 
 414 Union Street, Suite 200 
 Nashville, TN
37219 
 Facsimile: (615) 986-5880 
 Attention: Mark Tobin, Treasurer 
 and 
 Facsimile: (866) 435-1843 
 Attention: Mark Fuchs, Vice President and General Counsel 
 With a copy to: 
 Jones Day 
 2727 North Harwood Street 
 Dallas, Texas
75201 
 Facsimile: (214) 969-5100 
 Attention: Mark E. Betzen 
 All such notices and communications shall be deemed to have been duly given: at the time delivered by
hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt acknowledged, if telecopied; and on the next Business Day, if timely delivered to an air
courier guaranteeing overnight delivery. 
  

 18 

 Copies of all such notices, demands or other communications shall be concurrently delivered by the Person
giving the same to the Trustee at the address specified in the Indenture. 
 (e) Successors and Assigns. This Agreement shall inure to
the benefit of and be binding upon the successors and assigns of each of the parties, including, without limitation, and without the need for an express assignment, subsequent Holders of Transfer Restricted Securities; provided, however, that
this Agreement shall not inure to the benefit of or be binding upon a successor or assign of a Holder unless and to the extent such successor or assign acquired Transfer Restricted Securities from such Holder. 
 (f) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 (g)
Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
 (h) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICTS OF LAW RULES THEREOF. 
 (i) Severability. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held
invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby. 
 (j) Entire Agreement. This Agreement is intended by the parties as a final expression of their agreement and intended to be a complete and
exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein with
respect to the registration rights granted by the Company with respect to the Transfer Restricted Securities. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter. 
  

 19 

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

  

			
	LOUISIANA-PACIFIC CORPORATION
		
	By:	 	 /s/ Curtis M. Stevens

	Name:	 	Curtis M. Stevens
	Title:	 	 Executive Vice President,
 Administration
and Chief Financial Officer

		 
	
	GREENSTONE INDUSTRIES, INC.
	KETCHIKAN PULP COMPANY
	LOUISIANA-PACIFIC INTERNATIONAL, INC.
	LPS CORPORATION
		
	By:	 	 /s/ Curtis M. Stevens

	Name:	 	Curtis M. Stevens
	Title:	 	Vice President,

 The foregoing Registration Rights Agreement is hereby confirmed and accepted as of the date first above
written: 
  

			
	BANC OF AMERICA SECURITIES LLC
	GOLDMAN, SACHS & CO.
	RBC CAPITAL MARKETS CORPORATION
	As Representatives of the Initial Purchasers
		
	By:	 	 Banc of America Securities LLC,
 on behalf of the
Initial Purchasers

		
	By:	 	 /s/ William H. Pegler, Jr.

	Name:	 	William H. Pegler, Jr.
	Title:	 	Principal

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