Document:

exv4w1

 

Exhibit 4.1

 

SHAREHOLDER AGREEMENT

Dated as of July 31, 2007

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I            DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	1.1. Certain Defined Terms
	 	 	1	 
	1.2. Other Capitalized Terms
	 	 	5	 
	 
	 	 	 	 
	ARTICLE II            CORPORATE GOVERNANCE AND INFORMATION RIGHTS
	 	 	5	 
	 
	 	 	 	 
	2.1. Board Representation
	 	 	5	 
	2.2. Shareholder Director Fees and Expenses
	 	 	7	 
	2.3. Vacancies
	 	 	7	 
	2.4. Resignation of Shareholder Director
	 	 	7	 
	 
	 	 	 	 
	ARTICLE III            STANDSTILL AND TRANSFERS
	 	 	8	 
	 
	 	 	 	 
	3.1. Standstill Agreement
	 	 	8	 
	3.2. Voting
	 	 	9	 
	3.3. Transfer Restrictions
	 	 	10	 
	3.4. Investment Matters; Legends
	 	 	10	 
	 
	 	 	 	 
	ARTICLE IV            MISCELLANEOUS
	 	 	12	 
	 
	 	 	 	 
	4.1. Termination
	 	 	12	 
	4.2. Expenses
	 	 	12	 
	4.3. Assignment; Benefits
	 	 	12	 
	4.4. Entire Agreement
	 	 	12	 
	4.5. Severability
	 	 	12	 
	4.6. Amendments and Waivers
	 	 	12	 
	4.7. Notices
	 	 	13	 
	4.8. Governing Law
	 	 	13	 
	4.9. Submission to Jurisdiction; Waiver of Jury Trial
	 	 	13	 
	4.10. Counterparts
	 	 	13	 
	4.11. Further Assurances
	 	 	13	 
	4.12. Recapitalization, etc
	 	 	14	 
	4.13. Specific Performance
	 	 	14	 

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SHAREHOLDER AGREEMENT

     THIS SHAREHOLDER AGREEMENT (this “Agreement”) is entered as of July 31, 2007 between
Brightpoint, Inc., an Indiana corporation (the “Company”), and Dangaard Holding A/S, a
Danish company (the “Shareholder”).

RECITALS

     WHEREAS, the Company, Dangaard Telecom A/S, a Danish company (“Target”), the
Shareholder and Nordic Capital Fund VI (for purposes of Sections 6.16 and 12.14 only), consisting
of: Nordic Capital VI Alpha, L.P. and Nordic Capital Beta, L.P., Jersey limited partnerships acting
through their general partner Nordic Capital VI Limited, a Jersey company, NC VI Limited, a Jersey
company, and Nordic Industries Limited, a Jersey company, have entered into a Stock Purchase
Agreement, dated as of February 19, 2007 (the “Purchase Agreement”), pursuant to which the
Company acquired all of the outstanding capital stock of Target (the “Transaction”), as
consideration for which the Company issued to the Shareholder 30,000,000 shares (the “Purchased
Shares”) of the Common Stock; and

     WHEREAS, the parties hereto desire to enter into certain arrangements relating to the Company
and the Purchased Shares.

     NOW, THEREFORE, in consideration of the foregoing recitals and of the mutual promises
hereinafter set forth, the parties hereto agree as follows:

ARTICLE I

DEFINITIONS

     1.1. Certain Defined Terms. As used herein, the following terms shall have the
following meanings:

     “Affiliate” means, with respect to any Person, (i) a director or executive officer of
such Person, (ii) a spouse, parent, sibling or descendant of such Person (or a spouse, parent,
sibling or descendant of any director or executive officer of such Person), and (iii) any other
Person that, directly or indirectly through one or more intermediaries, controls, is controlled by
or is under common control with such Person.

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

     “beneficial owner(ship)” and “beneficially own” shall be determined in
accordance with Rule 13d-3 under the Exchange Act; provided, however, that a Person
shall be deemed to beneficially own any securities that such Person or any of such Person’s
Affiliates has the right to acquire (whether such right is exercisable immediately or only after
the passage of time) pursuant to any agreement, arrangement or understanding (written or oral), or
upon the exercise of conversion rights, exchange rights, rights, warrants or options, or otherwise
(it being understood that such Person shall also be deemed to be the beneficial owner of the
securities convertible into or exchangeable for such securities, and; provided
further that any Purchased Shares subject to a call option or other right to buy granted by
the Shareholder to a third party or

 

 

a put option purchased by or granted to the Shareholder or other derivative transaction in
which the Shareholder has transferred or hedged its economic interest in such Purchased Shares
shall not be treated as beneficially owned.

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

     “Business Day” means any day that is not a Saturday, a Sunday or other day on which
banks are required or authorized by law to be closed in The City of New York.

     “Capital Stock” means, with respect to any Person at any time, any and all shares,
interests, participations or other equivalents (however designated, whether voting or non-voting)
of capital stock, partnership interests (whether general or limited) or equivalent ownership
interests in or issued by such Person, and with respect to the Company includes, without
limitation, any and all shares of Common Stock.

     “Change of Control” means the occurrence of any of the following events:

          (i) any Person or group is or becomes the beneficial owner of Voting Securities
representing more than 50% of the Total Voting Power; or

          (ii) a merger, consolidation, reorganization or similar transaction in which
the shareholders of the Company immediately prior to the transaction possess less
than 50% of the Voting Power of the surviving entity (or its parent) immediately
after the transaction; or

          (iii) during any one-year period, individuals who at the beginning of such
period constituted the Board (together with any new Directors whose election by the
Board or whose nomination for election by the shareholders of the Company was
approved by a vote of a majority of the Directors then still in office who were
either Directors at the beginning of such period or whose election or nomination for
election was previously so approved) cease for any reason to constitute a majority
of the Board then in office.

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

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

     “Committee” means each of the Corporate Governance and Nominating Committee of the
Board, the Audit Committee and the Compensation and Human Resources Committee.

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

     “Company” has the meaning assigned to such term in the preamble.

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     “Competitor” shall mean any Person with a division, department or Subsidiary
principally engaged in the distribution or logistical handling of wireless equipment.

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

     “Director” means any member of the Board.

     “Equity Securities” means (a) with respect to a corporation, any and all shares of
Capital Stock and any securities of such corporation convertible into, or exchangeable or
exercisable for, such shares of Capital Stock, and options, warrants or other rights to acquire
such shares of Capital Stock, (b) with respect to a partnership, limited liability company, trust
or similar Person, any and all units, interests or other partnership/limited liability company
interests, and any units or interests of such partnership, limited liability company, trust or
similar Person convertible into, or exchangeable or exercisable for, such units or interests, and
options, warrants or other rights to acquire such units or interests, and (c) any other equity
ownership or participation in a Person.

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

     “Exempt Transactions” means the Transfer of up to a maximum of an aggregate of
8,000,000 Purchased Shares.

     “Offer” means a bona fide unsolicited tender offer or exchange offer that if
successful would result in a Change of Control.

     “Permitted Transfer” means a Transfer to (i) any partner of or member in the
Shareholder in connection with a distribution to such partner or member of Shares or (ii) any
Affiliate of the Shareholder, in each case, who agrees to be bound by the terms of this Agreement
if, as a result of such Transfer, such partner or member or Affiliate would own at least 5% of the
Total Voting Power.

     “Person” means any natural person, corporation, limited liability company, trust,
joint venture, association, company, partnership, governmental authority or other entity.

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

     “Purchased Shares” has the meaning assigned to such term in the recitals.

     “Registration Rights Agreement” means the Registration Rights Agreement, dated as of
the date hereof, between the Company and the Shareholder.

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

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

     “Shareholder” has the meaning assigned to such term in the preamble.

     “Shareholder Director” means any Director nominee proposed to the Corporate Governance
and Nominating Committee for election to the Board by the Shareholder pursuant to Section 2.1 of
this Agreement.

     “Shareholder Standstill Period” means the period beginning on the date of this
Agreement and ending on the earlier of (i) the date on which the Shareholder beneficially owns a
number of Purchased Shares which represents less than 7.5% of the then outstanding Common Stock, or
(ii) (A) the date on which the Shareholder beneficially owns a number of Purchased Shares which
represents less than 10% of the then outstanding Common Stock, (B) a Shareholder Director no longer
serves as a Director of the Company and (C) the Shareholder delivers written notice to the Company
that its rights under Article II of this Agreement are irrevocably terminated.

     “Subsidiary” means, with respect to a party, any corporation, partnership, trust,
limited liability company or other entity in which such party (and/or one or more Subsidiaries of
such party) holds stock or other ownership interests representing (a) more that 50% of the voting
power of all outstanding stock or ownership interests of such entity, (b) the right to receive more
than 50% of the net assets of such entity available for distribution to the holders of outstanding
stock or ownership interests upon a liquidation or dissolution of such entity or (c) a general or
managing partnership interest or similar position in such entity.

     “13D Group” means any “group” (within the meaning of Section 13(d) of the Exchange
Act) formed for the purpose of acquiring, holding, voting or disposing of Voting Securities.

     “Total Voting Power” means the aggregate number of votes which may be cast in an
election of Directors or other members of the governing body of the Company by holders of Voting
Securities in respect of Voting Securities.

     “Transaction” has the meaning assigned to such term in the recitals.

     “Transfer” means, directly or indirectly, to sell, transfer, assign, pledge, encumber,
hypothecate or similarly dispose of, either voluntarily or involuntarily, or to enter into any
contract, option, short sale, hedge, derivative transaction (including a registered hedge) or other
arrangement or understanding with respect to the sale, transfer, assignment, pledge, encumbrance,
hypothecation, or similar disposition of any shares of Equity Securities beneficially owned by a
Person or any interest in any shares of Equity Securities beneficially owned by a Person.

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

     1.2. Other Capitalized Terms. Capitalized terms used but not defined herein shall
have the meanings given to them in the Purchase Agreement.

ARTICLE II

CORPORATE GOVERNANCE AND INFORMATION RIGHTS

     2.1. Board Representation. (a) At the Closing, the Company and the Board shall take
all action to cause the Board to be comprised of nine Directors, which shall include three
Directors proposed for nomination by the Shareholder for election by the Company’s shareholders at
the shareholders meeting called for the purpose of approving the issuance of the Purchased Shares
to be issued pursuant to the Purchase Agreement. After the Closing Date, the Shareholder shall
have the right to propose to the Corporate Governance and Nominating Committee nominees for
election to the Board (for purposes of clarity such right shall be in lieu of, and not in addition
to, the rights set forth in the preceding sentence) as set forth in Section 2.1(b);
provided, however, that the final determination as to the appointment or
recommendation to shareholders for election of any Director or any successor Director to the Board
or any Committee thereof shall remain in the sole discretion of the Corporate Governance and
Nominating Committee, and provided further that in making such determination, the
Corporate Governance and Nominating Committee shall apply reasonably and uniform standards
consistent with past practices and consistent with the Company’s Corporate Governance Principles as
in effect from time to time, and provided further that in the event the Corporate
Governance and Nominating Committee determines not to appoint or recommend to shareholders the
election of any Director, any successor Director or any alternative nominee proposed by the
Shareholder, the Shareholder shall be entitled to nominate an alternative nominee for such
directorship until the Corporate Governance and Nominating Committee shall so appoint and recommend
to shareholders the election of an alternative nominee of the Shareholder. Each such Director or
any successor Director shall also be required at the time of nomination to satisfy the independence
requirements of Nasdaq Rule 4200(a) (or such similar rules of such other national securities
exchange on which the Common Stock is then listed or quoted for trading).

          (b) In accordance with Section 2.1(a), for so long as the Shareholder beneficially owns or
owns of record a number of shares of Common Stock equal to:

          (i) at least 27.5% of the then outstanding Common Stock, the Shareholder shall
have the right to designate three Directors for election to the Board;

          (ii) at least 17.5%, but less than 27.5%, of the then outstanding Common Stock,
the Shareholder shall have the right to designate two Directors for election to the
Board; and

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          (iii) at least 7.5%, but less than 17.5%, of the then outstanding Common Stock,
the Shareholder shall have the right to designate one Director for election to the
Board.

          (c) The Company hereby agrees, subject to Section 2.1(a), to (i) include each of the Director
nominees of the Shareholder on each slate of nominees for election to the Board proposed by the
Company and/or the Board (or any Committee thereof), (ii) recommend the election of the Director
nominees of the Shareholder to the shareholders of the Company, and (iii) without limiting the
foregoing, to otherwise use commercially reasonable efforts to cause the Director nominees of the
Shareholder to be elected to the Board.

          (d) Subject to Section 2.1(a), each Shareholder Director shall serve as a member of a
different class of Directors as any other Shareholder Director and shall serve in such class as
determined by the Corporate Governance and Nominating Committee of the Board. For so long as the
Shareholder beneficially owns or owns of record a number of shares of Common Stock equal to at
least 27.5% of the then outstanding Common Stock, each of the three Shareholder Directors shall be
appointed by the Corporate Governance and Nominating Committee of the Board as a member of one of
the three Committees of the Board; provided, however, that each Shareholder
Director is qualified under the applicable rules and regulations of the SEC and the Nasdaq Stock
Market (or such other national securities exchange on which the Common Stock is then listed or
quoted for trading), including the independence requirements of Nasdaq Rule 4200(a) (or such
similar rules of such other national securities exchange on which the Common Stock is then listed
or quoted for trading), and the Company’s Corporate Governance Principles (applied on a reasonable
and uniform basis consistent with past practice) as in effect from time to time to serve as a
member of such Committee to which the Shareholder Director is appointed. At each time as the number
of Shareholder Directors which the Shareholder has a right to designate to the Board pursuant to
this Section 2.1 is reduced (i) the Shareholder shall be entitled to designate which Shareholder
Director shall resign from the Board at the next meeting of the Company’s shareholders for the
purpose of electing Directors and, in the event the Shareholder fails to make such designation
within five Business Days after the Shareholder is no longer entitled to designate for election
such number of Directors, the Shareholder Director that shall no longer serve as a Director shall
be the Shareholder Director that serves in the class of Directors that is scheduled to be nominated
for election by the Company’s shareholders at the next annual meeting of the Company’s shareholders
and (ii) the Shareholder shall no longer have the right to have the Shareholder Director(s) who
resigns or is removed serve as a member of any Committee(s) of the Board; provided,
however, subject to Section 2.1(a), that the Shareholder shall be entitled to have any
remaining Shareholder Director replace the resigning or removed Shareholder Director on the
Committee on which such resigning or removed Shareholder Director served if such remaining
Shareholder Director resigns from the Committee on which such remaining Shareholder Director is
then serving.

          (e) If a number of Shareholder Directors serve as members of the Board at any time at which
the Shareholder has the right to designate, in accordance with and subject to Section 2.1(a) and
(b), a lesser number of Shareholder Directors, promptly following a written request by the Company,
the Shareholder shall immediately cause such Shareholder Director(s) (the identity of such
Shareholder Director(s) to be determined by the Shareholder) to resign. If one or more Shareholder
Director(s) serve as members of the Board at a time when the

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Shareholder no longer has the right to designate Shareholder Directors for election, promptly
following a written request by the Company, the Shareholder shall immediately cause the Shareholder
Director(s) to resign, as so requested. Upon the removal of Shareholder Director(s), the
Shareholder shall no longer have the right to have Shareholder Director(s) serve as a member of
such one of the Committee(s) of the Board of Directors on which the removed Shareholder Director(s)
served; provided, however, subject to Section 2.1(a), that the Shareholder shall be
entitled to have any remaining Shareholder Director replace the resigning or removed Shareholder
Director on the Committee on which such resigning or removed Shareholder Director served if such
remaining Shareholder Director resigns from the Committee on which such remaining Shareholder
Director is then serving but only to the extent that such remaining Shareholder Director is
qualified serve on such Committee under the applicable rules and regulations of the SEC and the
Nasdaq Stock Market (or such other national securities exchange on which the Common Stock is then
listed or quoted for trading), including the independence requirements of Nasdaq Rule 4200(a) (or
such similar rules of such other national securities exchange on which the Common Stock is then
listed or quoted for trading), and the Company’s Corporate Governance Principles (applied on a
reasonable and uniform basis consistent with past practice) as in effect from time to time.

          (f) In the event that the number of Directors shall be increased above nine Directors, the
number of Directors the Shareholder shall have the right to designate for election, in accordance
with and subject to Section 2.1(a) and (b), shall increase proportionately (rounded to the nearest
whole number of Directors).

          (g) During the term of this Agreement, the Company shall use its best efforts to prevent any
amendment to the Company’s articles of incorporation or bylaws that are inconsistent with this
Article II.

     2.2. Shareholder Director Fees and Expenses. The Company shall pay each Shareholder
Director customary fees in accordance with the Company’s director compensation policy as paid to
other non-employee Directors, as in effect from time to time. The Company shall also reimburse
each Shareholder Director for its reasonable out-of-pocket expenses incurred for the purpose of
attending meetings of the Board or Committees thereof in accordance with the Company’s current
reimbursement policy.

     2.3. Vacancies. If any vacancy occurs in the Board because of death, disability,
resignation, retirement or removal of a Shareholder Director, the Shareholder shall have the right
to designate a successor (provided that the Shareholder shall at such time remain entitled to
designate a Director pursuant to Section 2.1(b)), and the designation and approval of such
successor designee shall be subject to Section 2.1(a). Any vacancy that occurs shall be filled as
promptly as possible upon the request of the Shareholder.

     2.4. Resignation of Shareholder Director. In connection with the appointment or
nomination for election of a Shareholder Director, the Shareholder shall cause such proposed
Shareholder Director to deliver to the Company an irrevocable letter of resignation (i) which
states that it is automatically effective upon a request for the Shareholder Director to resign, if
the Shareholder’s right to designate for election, in accordance with and subject to Section 2.1(a)
and (b), such Shareholder Director under this Article II has terminated, by (A) a majority of the

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members of the Board who are not Shareholder Directors or (B) the Shareholder and (ii) by
which the Shareholder Director covenants to execute any other resignation letters in connection
with any such resignation as reasonably requested by the Company or the Shareholder.

ARTICLE III

STANDSTILL AND TRANSFERS

     3.1. Standstill Agreement.

          (a) During the Shareholder Standstill Period, except as provided in this Section 3.1, the
Shareholder will not directly or indirectly, nor will it authorize or direct any of its officers,
employees, agents and other representatives to, in each case, unless specifically requested to do
so in writing in advance by a resolution of the Board or a Committee:

          (i) offer, seek or propose to acquire, ownership of any assets or businesses of
the Company or any of its Subsidiaries having a fair market value in excess of 5% of
the fair market value of all of the Company’s and its Subsidiaries’ assets, or any
rights or options to acquire any such ownership (including from a third party);

          (ii) acquire or agree, offer, seek or propose to acquire, or cause to be
acquired, beneficial ownership of, or participate in an acquisition of, any
securities of the Company or any of its Subsidiaries, or any options, warrants or
other rights (including, without limitation, any convertible or exchangeable
securities) to acquire any such securities (except (w) pursuant to a stock dividend,
stock split, reclassification, recapitalization or other similar event by the
Company, (x) as necessary following any dilution of the Total Voting Power
beneficially owned by the Shareholder caused by a primary issuance of securities by
the Company to restore (but not increase) such Total Voting Power to the level
existing immediately prior to such primary issuance, (y) the return, purchase or
transfer of securities to the Shareholder under any securities loan, or borrow, or
similar arrangement as part of a registered hedging or similar transaction or (z)
the acquisition or settlement of options as part of a registered hedging or similar
transaction, provided, however, that any such acquisition or
settlement of options shall not increase the aggregate number of shares of Common
Stock beneficially owned by the Shareholder prior to the acquisition or settlement
of such options);

          (iii) make, or in any way participate in, any “solicitation” of “proxies” (as
such terms are used in the proxy rules of the SEC) with respect to the voting of any
securities of the Company or any of its Subsidiaries;

          (iv) deposit any securities of the Company or any of its Subsidiaries in a
voting trust or subject any securities of the Company to any arrangement or
agreement with respect to the voting of such securities or enter into any other
agreement having similar effect;

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          (v) form, join, or in any way become a member of a 13D Group with any other
Person (other than its Affiliates) with respect to any voting securities of the
Company or any of its Subsidiaries;

          (vi) seek to propose or propose, whether alone or in concert with others, any
tender offer, exchange offer, merger, business combination, restructuring,
liquidation, dissolution, recapitalization or similar transaction involving the
Company or any of its Subsidiaries;

          (vii) nominate any person as a Director of the Company who is not nominated by
the then incumbent Directors or seek the removal of any person as a Director of the
Company, or propose any matter to be voted upon by the shareholders of the Company
or seek to call a meeting of the shareholders of the Company; provided that
the Shareholder may nominate one or more Shareholder Directors and seek the removal
of such Shareholder Directors, in accordance with Section 2.1 and Section 2.3; or

          (viii) take any action with respect to or publicly announce or disclose any
intention, plan or arrangement inconsistent with the foregoing.

          (b) Nothing contained in Section 3.1 shall be deemed in any way to prohibit or limit (i) the
activities of the Shareholder Directors discharging their fiduciary duties as Directors or (ii) any
transactions in the ordinary course of business and on arm’s length terms between the Company and
its Subsidiaries, on the one hand, and Shareholder and its Affiliates, on the other hand, which
transactions, in the case of the Company, shall have been approved by a majority of the Directors
who are not Shareholder Directors.

          (c) If any Person shall commence and not withdraw a bona fide unsolicited tender offer or
exchange offer that if successful would result in a Change of Control (an “Offer”), the
Standstill Period shall terminate unless within ten (10) Business Days of the announcement of such
Offer, the Company shall have publicly recommended that the Offer not be accepted.

     3.2. Voting. During the Shareholder Standstill Period, the Shareholder shall vote (or
execute a written consent in lieu thereof) in each stockholder vote (or written consent in lieu
thereof) in the manner recommended by the Board or for which the Board has determined to seek
stockholder approval (including in favor of each director nominee nominated by the Board and
whether the Board recommends a vote in favor of or against the matter) or in the manner recommended
by the Board in connection with any stockholder proposal seeking approval of the Company’s
shareholders, except in connection with a proposal seeking approval of the Company’s shareholders
to (i) authorize a merger, sale of all or substantially all of the Company’s capital stock or
assets or other similar business combination, (ii) authorize the creation or issuance of securities
as consideration in a merger with or acquisition of any Person or business, or (iii) approve any
matters related to the items in clauses (i) or (ii). The Shareholder hereby grants an irrevocable
proxy to the Chairman and Chief Executive Officer of the Company to effectuate its obligations
under this Section 3.2 and to, from time to time, execute such additional proxies to one or more
designees of the Company as may be requested

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by the Chairman and Chief Executive Officer (including as a result of a change of designee by
the Chairman and Chief Executive Officer) to effectuate its obligations under this Section 3.2.

     3.3. Transfer Restrictions.

          (a) Prior to the one year anniversary of the Closing Date, the Shareholder shall not Transfer
any Purchased Shares other than (x) a Transfer in connection with an Exempt Transaction or (y) a
Permitted Transfer. Commencing on the one year anniversary of the Closing Date and ending on the
third year anniversary of the Closing Date, the Shareholder and any Person to which Purchased
Shares were Transferred via a Permitted Transfer shall not transfer a number of Purchased Shares
during any 90-day period in excess of the number of Purchased Shares which it would otherwise be
permitted to Transfer under Rule 144 of the Securities Act, without regard to Rule 144(k), except
for (1) Transfers pursuant to and in accordance with a Registration Statement (as defined in the
Registration Rights Agreement) or (2) Permitted Transfers.

          (b) Until the later of (i) the expiration of the Shareholder Standstill Period and (ii) the
date on which no Shareholder Director serves as a Director, the Shareholder shall not Transfer any
of the Purchased Shares to a Competitor and the Shareholder shall use its commercially reasonable
efforts to cause any Person to which Purchased Shares were Transferred via a Permitted Transfer to
not Transfer any of the Purchased Shares to a Competitor.

          (c) Notwithstanding anything to the contrary, neither the Shareholder nor any Permitted
Transferee shall effect any Transfer in violation of any applicable law or if such Transfer would
affect the availability of the exemption from the registration requirements under the Securities
Act relied upon by the Company in connection with the issuance of the Purchased Shares pursuant to
the Purchase Agreement.

          (d) Notwithstanding anything to the contrary herein, the Shareholder may at any time Transfer
all or part of the Purchased Shares in response to an Offer for Common Stock (1) which is made by
or on behalf of the Company or (2) which is made by another Person and is not opposed by the Board
within the time the Board is required to advise the shareholders of the Company of its position on
such offer.

          (e) Promptly following any Transfer or upon the reasonable request of the Company, the
Shareholder shall promptly notify the Company of the number of Purchased Shares which the
Shareholder owns of record or has the right to vote.

     3.4. Investment Matters; Legends.

          (a) The Shareholder represents and warrants that (i) the Purchased Shares being issued under
the Purchase Agreement are being acquired for the Shareholder’s own account and not on behalf of
any other Person, and all such Purchased Shares are being acquired for investment purposes only and
not with a view to, or for sale in connection with, any resale or distribution of such Purchased
Shares; (ii) the Shareholder has received or examined the Company’s Annual Reports on Form 10-K for
each of the fiscal years ended December 31, 2005 and December 31, 2006, as amended on April 27,
2007, the Company’s Quarterly Reports on

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Form 10-Q for each of the quarters ended March 31, 2006, June 30, 2006, September 30, 2006 and
March 31, 2007, the Company’s April 19, 2006 Proxy Statement and the Company’s June 20, 2007 Proxy
Statement and the Company’s Current Reports on Form 8-K dated January 20, 2006, January 20, 2006,
February 7, 2006, February 9, 2006, February 10, 2006, February 15, 2006, March 1, 2006, May 10,
2006, May 30, 2006, July 31, 2006, August 8, 2006, October 24, 2006, November 8, 2006, November 15,
2006, December 19, 2006, February 6, 2007, February 15, 2007, February 21, 2007 and April 5, 2007,
(iii) the Shareholder has had the opportunity to ask questions and receive answers from the Company
concerning the Company, and has been furnished with all other information about the Company which
it has requested to its satisfaction, (iv) the Shareholder is an “accredited” investor as defined
in Rule 501(a) of the Securities Act, (v) the Shareholder believes that it has been fully apprised
of all facts and circumstances necessary to permit it to make an informed decision about acquiring
the Purchased Shares, that it has sufficient knowledge and experience in business and financial
matters that it is capable of evaluating the merits and risks of an investment in the Purchased
Shares, and that it has the capacity to protect its own interests in connection with the
transactions contemplated hereby, (vi) the Shareholder has been advised by the Company and
understands that (x) the Purchased Shares to be issued hereunder will not be registered under any
federal or state securities laws, (y) other than as provided by the Purchase Agreement and the
Registration Rights Agreement, the Purchased Shares must be held indefinitely unless and until they
are subsequently registered or an exemption from registration becomes available and (z) shall have
the right to direct the transfer agent of the Common Stock to place a stop transfer order against
such certificates. The Shareholder has not sold any shares of Common Stock at any time during the
30-day period ending on the Closing Date.

          (b) Each certificate representing Purchased Shares will bear a legend conspicuously thereon to
the following effect:

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER STATE SECURITIES
LAWS. THESE SECURITIES MAY NOT BE SOLD OR TRANSFERRED UNLESS REGISTERED OR
EXEMPT FROM REGISTRATION UNDER SUCH ACT AND APPLICABLE STATE SECURITIES
LAWS.

IN ADDITION, THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
THE TERMS OF A SHAREHOLDER AGREEMENT AND MAY NOT BE SOLD OR TRANSFERRED
EXCEPT IN ACCORDANCE WITH SUCH AGREEMENT.”

          (c) In the event (i) of an Exempt Transaction or (ii) if any Purchased Shares are Transferred
after the one year anniversary of the Closing Date in accordance with Section 3.3 hereof, the
Company shall, upon request, but in any event not later than is necessary in order to consummate
such Transfer, remove the second paragraph of the legends set forth above in connection with such
Transfer.

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ARTICLE IV

MISCELLANEOUS

     4.1. Termination.

          (a) This Agreement shall terminate, except for this Article IV which shall survive such
termination, upon: (i) the expiration of the Shareholder Standstill Period or (ii) the written
consent of the parties hereto in such manner required for amendments hereto as provided in Section
4.6; provided, however, that in the case of a termination pursuant to clause (i)
above, Sections 3.2 and 3.3(e) shall survive such termination and shall terminate at such time as
the Shareholder no longer owns of record and no longer has the right to vote a number of shares of
Common Stock equal to 10% of the then outstanding Common Stock.

          (b) The termination of this Agreement will not relieve any party for any liability arising
from a breach of representation, warranty, covenant or other agreement occurring prior to such
termination.

     4.2. Expenses. Except as otherwise provided in the Purchase Agreement, all expenses
incurred in connection with this Agreement and the transactions contemplated hereby shall be paid
by the party incurring such expenses.

     4.3. Assignment; Benefits. Unless expressly permitted pursuant to this Agreement, the
Shareholder may not assign its rights hereunder without the prior written consent of the Company.

     4.4. Entire Agreement. This Agreement (including any schedules or exhibits hereto),
together with the Purchase Agreement, the Registration Rights Agreement and the Escrow Agreement
(as defined in the Purchase Agreement), constitutes the full and entire understanding and agreement
among the parties with respect to the subject matter hereof and supersedes and preempts any prior
understandings, agreements or representations by or among the parties, written or oral, that may
have related to the subject matter hereof in any way.

     4.5. Severability. In case any provision of this Agreement shall be invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining provisions shall not
in any way be affected or impaired thereby; provided that the essential terms and conditions of
this Agreement for the parties remain valid, binding and enforceable; provided,
further, that the economic and legal substance of the transactions contemplated by this
Agreement is not affected in any manner materially adverse to any party. In event of any such
determination, the parties agree to negotiate in good faith to modify this Agreement to fulfill as
closely as possible the original intents and purposes hereof. To the extent permitted by Law, the
parties hereby to the same extent waive any provision of Law that renders any provision hereof
prohibited or unenforceable in any respect.

     4.6. Amendments and Waivers. This Agreement may not be amended, modified or
supplemented without the written consent of the Company and the Shareholder, and waivers or
consents to departures from the provisions hereof may be given in writing by the party granting
such waiver, consent or departure.

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     4.7. Notices. All notices and other communications provided for or permitted
hereunder shall be made in writing and duly given when delivered by hand or mailed by express,
registered or certified mail, or any courier guaranteeing overnight delivery (a) if to the
Shareholder, at the most current address given by the Shareholder in accordance with the provisions
of this Section 4.7, which address initially is the address set forth in the Purchase Agreement
with respect to the Shareholder, with a copy to Latham & Watkins LLP, 885 Third Avenue, Suite 1000,
New York, NY 1022, attention, Charles Nathan, Esq.; and (b) if to the Company, to the attention of
its General Counsel, initially at the Company’s address set forth in the Purchase Agreement, and
thereafter at such other address of which notice is given in accordance with the provisions of this
Section 4.7, with a copy to Blank Rome LLP, 405 Lexington Avenue, New York, New York 10174,
attention, Robert J. Mittman, Esq.

     4.8. Governing Law. This Agreement shall be governed by and interpreted and enforced
in accordance with the laws of the State of New York, without giving effect to any choice of law or
conflict of laws rules or provisions (whether of the State of New York or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than the State of New York;
except to the extent that the Indiana Business Corporation Law is mandatorily applicable.

     4.9. Submission to Jurisdiction; Waiver of Jury Trial. No proceeding related to this
Agreement or the transactions contemplated hereby may be commenced, prosecuted or continued in any
court other than the courts of the State of New York located in the City and County of New York or
in the United States District Court for the Southern District of New York, which courts shall have
jurisdiction over the adjudication of such matters, and the Company and the Shareholder hereby
irrevocably and unconditionally consent to the jurisdiction of such courts and personal service
with respect thereto, waive any objection to the laying of venue of any such litigation in such
courts and agree not to plead or claim that such litigation brought in any courts has been brought
in an inconvenient forum. Each of the Company and the Shareholder hereby waive all right to trial
by jury in any proceeding (whether based upon contract, tort or otherwise) in any way arising out
of or relating to this Agreement. Each of the Company and the Shareholder irrevocably agrees to
designate a service company located in the United States as its agent for service of process and
consents to service of process by first class certified mail, return receipt requested, postage
prepaid, to the address at which such party is located. Each of the Company and the Shareholder
agrees that a final judgment in any such proceeding brought in any such court shall be conclusive
and binding upon the Company and may be enforced in any other courts in the jurisdiction of which
the Company are or may be subject, by suit upon such judgment.

     4.10. Counterparts. This Agreement and any amendments, modifications or supplements
hereto may be executed in any number of counterparts, each of which when so executed shall be
deemed an original, and all of which together shall constitute one and the same agreement.

     4.11. Further Assurances. Each party hereto shall do and perform or cause to be done
and performed all such further acts and things and shall execute and deliver all such other
agreements, certificates, instruments, and documents as any other party hereto reasonably may

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request in order to carry out the provisions of this Agreement and the consummation of the
transactions contemplated hereby.

     4.12. Recapitalization, etc. In the event that any capital stock or other securities
are issued in respect of, in exchange for, or in substitution of, any Securities by reason of any
reorganization, recapitalization, reclassification, merger, consolidation, spin-off, partial or
complete liquidation, stock dividend, split-up, sale of assets, distribution to shareholders or
combination of the Securities or any other change in capital structure of the Company, appropriate
adjustments shall be made with respect to the relevant provisions of this Agreement so as to fairly
and equitably preserve, as far as practicable, the original rights and obligations of the parties
hereto under this Agreement.

     4.13. Specific Performance. Each of the parties acknowledges and agrees that the
other parties would be damaged irreparably in the event any of the provisions of this Agreement are
not performed in accordance with their specific terms or otherwise are breached. Accordingly, each
of the parties agrees that any other party shall be entitled to an injunction or injunctions to
prevent breaches of the provisions of this Agreement and to enforce specifically this Agreement and
the terms and provisions hereof in any action instituted in any court of the United States or any
state thereof having jurisdiction over the parties and the matter in addition to any other remedy
to which it may be entitled, at Law or in equity.

[Remainder of Page Intentionally Left Blank]

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     IN WITNESS WHEREOF, the parties hereto have executed this Shareholder Agreement as of the date
first set forth above.

	 	 	 	 	 
	 	BRIGHTPOINT, INC.

 	 
	 	By:  	/s/ Steven E. Fivel
 	 
	 	 	Name:  	Steven E. Fivel 	 
	 	 	Title:  	Executive Vice President, General Counsel and
Secretary 	 
	 

	 	 	 	 	 	 	 
	 	 	DANGAARD HOLDING A/S	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Christian Dyvig	 	 
	 

	 	 	 	 

/s/ Michael Haaning
	 	 
	 

	 	 	 	 

Name: Christian Dyvig and Michael Haaning
	 	 
	 

	 	 	 	Title: Directorsexv4w2

 

Exhibit 4.2

 

REGISTRATION RIGHTS AGREEMENT

Dated as of July 31, 2007

among

BRIGHTPOINT, INC.

and

DANGAARD HOLDING A/S

 

 

 

REGISTRATION RIGHTS AGREEMENT

     This Registration Rights Agreement (the “Agreement”) is made and entered into this
31st day of July 2007 between Brightpoint, Inc., an Indiana corporation (the “Company”),
and Dangaard Holding A/S, a Danish company (the “Shareholder”).

     This Agreement is made pursuant to the Stock Purchase Agreement, dated February 19, 2007, by
and among the Company, Dangaard Telecom A/S, a Danish company (“Target”), the Shareholder and
Nordic Capital Fund VI (for purposes of Sections 6.16 and 12.14 only), consisting of: Nordic
Capital VI Alpha, L.P. and Nordic Capital Beta, L.P., Jersey limited partnerships acting through
their general partner Nordic Capital VI Limited, a Jersey company, NC VI Limited, a Jersey company,
and Nordic Industries Limited, a Jersey company (the “Purchase Agreement”), which provides for the
issuance by the Company to the Shareholder of an aggregate of 30,000,000 shares (the “Shares”) of
the Company’s Common Stock as consideration for the purchase of all of the outstanding capital
stock of Target. The execution of this Agreement is a condition to the closing under the Purchase
Agreement.

     In consideration of the foregoing, the parties hereto agree as follows:

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

     “1933 Act” shall mean the Securities Act of 1933, as amended from time to time.

     “1934 Act” shall mean the Securities Exchange Act of l934, as amended from time to
time.

     “Affiliate” shall mean, with respect to any Person, (i) a director or executive
officer of such Person, (ii) a spouse, parent, sibling or descendant of such Person (or a spouse,
parent, sibling or descendant of any director or executive officer of such Person), and (iii) any
other Person that, directly or indirectly through one or more intermediaries, controls, is
controlled by or is under common control with such Person.

     “Agreement” shall have the meaning set forth in the preamble.

     “Automatic Registration” shall mean a registration effected pursuant to Section 2.1(a)
hereof.

     “Automatic Registration Statement” shall mean a registration statement which covers
8,000,000 Registrable Securities (as adjusted for any stock split, reclassification,
recapitalization or other similar event by the Company) on an appropriate Form under Rule 415 under
the 1933 Act, or any similar rule that may be adopted by the SEC, and all amendments and
supplements to such registration statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and all material incorporated by
reference therein pursuant to Section 2.1 hereof.

 

 

     “beneficial owner(ship)” and “beneficially own” shall be determined in
accordance with Rule 13d-3 under the 1934 Act; provided, however, that a Person shall be deemed to
beneficially own any securities that such Person or any of such Person’s Affiliates has the right
to acquire (whether such right is exercisable immediately or only after the passage of time)
pursuant to any agreement, arrangement or understanding (written or oral), or upon the exercise of
conversion rights, exchange rights, rights, warrants or options, or otherwise (it being understood
that such Person shall also be deemed to be the beneficial owner of the securities convertible into
or exchangeable for such securities).

     “Black-out Periods” shall mean suspensions of the effectiveness of the Demand
Registration Statement as permitted by Section 3 hereof.

     “Block Trade” shall mean the sale of Registrable Securities by the Holder to a single
purchaser (or group of affiliated purchasers) in any given transaction.

     “Closing Date” shall mean the Closing Date as defined in the Purchase Agreement.

     “Common Stock” shall mean the common stock, par value $0.01 per share, of the Company.

     “Company” shall have the meaning set forth in the preamble and shall also include the
Company’s successors.

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

     “Demand” shall have the meaning set forth in Section 2.2(a) hereof.

     “Demand Registration” shall mean a registration effected pursuant to Section 2.2(a)
hereof.

     “Demand Registration Statement” shall mean a registration statement which covers the
Registrable Securities covered by a Demand on an appropriate form under Rule 415 under the 1933
Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such
registration statement, including post-effective amendments, in each case including the Prospectus
contained therein, all exhibits thereto and all material incorporated by reference therein pursuant
to Section 2.2 hereof.

     “Fair Market Value” shall mean the closing sales price of the Common Stock on the date
of determination.

     “Holder” shall mean the Shareholder and its successors and permitted assigns, for so
long as it owns any Registrable Securities (subject to and in accordance with Section 5.4,

-2-

 

including any direct or indirect transferee of the Shareholder who has acquired Registrable
Shares from the Shareholder).

     “indemnified person” shall have the meaning set forth in Section 4(c) hereof.

     “indemnifying person” shall have the meaning set forth in Section 4(c) hereof.

     “Losses” shall have the meaning set forth in Section 4(a) hereof.

     “Notice” shall have the meaning set forth in Section 2.3(a) hereof.

     “Person” shall mean an individual, partnership (general or limited), corporation,
limited liability company, trust or unincorporated organization, or a government or agency or
political subdivision thereof.

     “Prospectus” shall mean the prospectus included in a Registration Statement, including
any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus
supplement, and by all other amendments and supplements to a prospectus, including post-effective
amendments, and in each case including all material incorporated by reference therein.

     “Purchase Agreement” shall have the meaning set forth in the preamble.

     “Registered Hedge” shall have the meaning set forth in Section 2.2(d) hereof

     “Registrable Securities” shall mean the Shares and any Common Stock or other
securities of the Company or any successor entity which may be issued or distributed in respect of
the Registrable Securities by way of stock dividend or stock split or other distribution,
recapitalization, merger, conversion or reclassification; provided, however, the Shares shall cease
to be Registrable Securities when (i) a Registration Statement with respect to such Shares shall
have been declared effective under the 1933 Act and such Shares shall have been disposed of
pursuant to such Registration Statement, (ii) such Shares have been sold to the public pursuant to
Rule l44 (or any similar provision then in force, but not Rule 144A) under the 1933 Act, (iii) such
Shares are eligible for sale pursuant to Rule 144(k) (or any similar provision then in force, but
not Rule 144A) without any limitation as to volume or (iv) such Shares shall have ceased to be
outstanding.

     “Registration Expenses” shall mean any and all expenses incident to performance of or
compliance by the Company with this Agreement, including without limitation: (i) all SEC filing
fees, (ii) all expenses of the Company in preparing or assisting in preparing and printing any
Registration Statement, any Prospectus, any amendments or supplements thereto, and other documents
relating to the performance of and compliance with this Agreement, (iii) the fees and disbursements
of counsel for the Company and of the independent public accountants of the Company, (iv)
registration and filing fees with the National Association of Securities Dealers, Inc., (v) fees
and expenses of compliance with securities or blue sky laws (including reasonable fees and
disbursements of counsel in connection with blue sky qualifications of the Registrable Securities),
(vi) fees and expenses incurred in connection with the listing or quotation of the Registrable
Securities, and (vii) fees and expenses of any additional experts retained by the

-3-

 

Company in connection with such registration, but excluding fees, expenses and disbursements
of counsel retained by the Holder and underwriting discounts and commissions and transfer taxes, if
any, relating to the sale or disposition of Registrable Securities by the Holder.

     “Registration Statement” shall mean an Automatic Registration Statement, a Demand
Registration Statement or a Tag-along Registration Statement.

     “SEC” shall mean the United States Securities and Exchange Commission or any successor
agency or government body performing the functions currently performed by the United States
Securities and Exchange Commission.

     “Shareholder” shall have the meaning set forth in the preamble.

     “Shares” shall have the meaning set forth in the preamble.

     “Tag-along Percentage” shall have the meaning set forth in Section 2.3(b) hereof.

     “Tag-along Registration” shall mean a registration effected pursuant to Section 2.3
hereof in which Registrable Securities are included.

     “Tag-along Registration Statement” shall have the meaning set forth in Section 2.3(a)
hereof.

     “Tag-along Securities” shall have the meaning set forth in Section 2.3(b) hereof.

     “Take-Down” shall have the meaning set forth in Section 2.1(a) hereof.

     “Target” shall have the meaning set forth in the preamble.

     2. Registration.

          2.1 Automatic Registration. The Company shall, for the benefit of the Holder, at the
Company’s cost:

               (a) Use its best efforts to (i) file, as soon as practicable following the Closing Date, with
the SEC an Automatic Registration Statement relating to the offer and sale (including, without
limitation, through a Registered Hedge) of 8,000,000 Registrable Securities by or on behalf of the
Holder from time to time or, in the case of a Registered Hedge, on a continuous basis and (ii) file
amendments thereto or supplements to the Prospectus included therein as reasonably requested by the
Holder as soon as reasonably practicable following such request in order to reflect the plan of
distribution of such Registrable Securities set forth in the Automatic Registration Statement;
provided, however, that the Holder shall have the right to initiate, on only one occasion, an
underwritten offering of securities (a “Take-Down”) pursuant to the Automatic Registration (but may
sell the Registrable Securities registered in the Automatic Registration in connection with the
Registered Hedge but not sold in a Registered Hedge pursuant to such Automatic Registration
Statement in a non-underwritten offering).

-4-

 

               (b) Use its commercially reasonable efforts to keep the Automatic Registration Statement
continuously effective, other than during Black-out Periods, in order to permit the Prospectus
forming part thereof to be usable by Holder for a period of 365 days from the date the Automatic
Registration Statement is declared effective by the SEC.

               (c) Notwithstanding any other provisions hereof, use commercially reasonable efforts to ensure
that (i) the Automatic Registration Statement and any amendment thereto and any Prospectus forming
part thereof and any supplement thereto complies in all material respects with the 1933 Act and the
rules and regulations thereunder, (ii) the Automatic Registration Statement and any amendment
thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the statements therein
not misleading and (iii) any Prospectus forming part of the Automatic Registration Statement, and
any supplement to such Prospectus (as amended or supplemented from time to time), does not include
an untrue statement of a material fact or omit to state a material fact necessary in order to make
the statements, in light of the circumstances under which they were made, not misleading.

          2.2 Demand Registration.

               (a) The Company shall, for the benefit of the Holder, on up to three occasions:

               (i) Following a demand (a “Demand”) by the Holder to register all or a portion
of the Registrable Securities, use commercially reasonable efforts to file with the
SEC a Demand Registration Statement relating to the offer and sale (including,
without limitation, through a Registered Hedge) of such Registrable Securities by or
on behalf of the Holder from time to time or, in the case of a Registered Hedge, on
a continuous basis; provided, however, that, in the case of an underwritten
offering, the Company shall not have an obligation to effect a Demand Registration
unless (x) in the case of the first Demand Registration effected under this Section
2.2, such Demand relates to at least 10,000,000 Registrable Securities (as adjusted
for any stock split, reclassification, recapitalization or other similar event by
the Company), and (y) in the case of any subsequent Demand Registration effected
under this Section 2.2, such Demand relates to the greater of (I) 5,000,000
Registrable Securities (as adjusted for any stock split, reclassification,
recapitalization or other similar event by the Company) or (II) Registrable
Securities having a market value (calculated by the last sale price on the date on
which the Demand is made by the Holder) of at least $60,000,000 and provided,
further, that, in the case of a Block Trade, the Company shall not have an
obligation to effect a Demand Registration unless such demand relates to at least
2,000,000 Registrable Securities (as adjusted for any stock split, reclassification,
recapitalization or other similar event by the Company).

               (ii) Use its commercially reasonable efforts to keep the Demand Registration
Statement continuously effective, other than during Black-out Periods, in order to
permit the Prospectus forming part thereof to be usable by

-5-

 

Holder, in the case of an underwritten offering, for a period of 180 days or,
in the case of a Block Trade, for a period of 30 days from the date the Demand
Registration Statement is declared effective by the SEC. Notwithstanding anything to
the contrary, in the case of a Demand Registration with respect to an underwritten
offering, the Holder shall have the right to initiate, on only one occasion, a
Take-Down pursuant to such Demand Registration (but may sell the Registrable
Securities registered in the Demand Registration in connection with the Registered
Hedge but not sold in a Registered Hedge pursuant to such Demand Registration
Statement in a non-underwritten offering).

               (iii) Notwithstanding any other provisions hereof, use commercially reasonable
efforts to ensure that (i) any Demand Registration Statement and any amendment
thereto and any Prospectus forming part thereof and any supplement thereto complies
in all material respects with the 1933 Act and the rules and regulations thereunder,
(ii) any Demand Registration Statement and any amendment thereto does not, when it
becomes effective, contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading and (iii) any Prospectus forming part of any Demand
Registration Statement, and any supplement to such Prospectus (as amended or
supplemented from time to time), does not include an untrue statement of a material
fact or omit to state a material fact necessary in order to make the statements, in
light of the circumstances under which they were made, not misleading.

               (b) The Holder may not make a Demand (i) prior to the one year anniversary of the Closing
Date, (ii) in the case of an underwritten offering (and in the case of a Block Trade, if requested
by the managing underwriter of an underwritten offering), within 180 days after the date a Demand
Registration Statement relating to a previous Demand for an underwritten offering was declared
effective by the SEC or (iii) with respect to Registrable Securities covered by a then effective
Registration Statement.

               (c) A registration will not count as a Demand Registration unless it has become effective,
except if it has been withdrawn at the request of the Holder, in which case, it shall count as a
Demand Registration. In the event that the Holder withdraws a request for a Demand Registration,
the Holder may reacquire such Demand Registration (such that the withdrawal will not count as a
Demand hereunder) if the Holder reimburses the Company for any and all Registration Expenses
actually incurred by the Company in connection with such request for a Demand Registration.

               (d) The offering of Registrable Securities pursuant to an Automatic Registration or a Demand
Registration shall be, in the sole discretion of the Holder, in the form of a “firm commitment”
underwritten offering, pursuant to a Block Trade or, in the case of a Registered Hedge, in the
manner set forth in the Automatic Registration Statement or Demand Registration Statement. The
Holder shall have the right to select the managing underwriters to be used in connection with any
underwritten offering under this Section 2.2(d), subject to the approval of the Company, which
approval shall not be unreasonably withheld. As used in this Agreement, the term “underwritten
offering” shall include a transaction in which an

-6-

 

investment bank or Affiliate thereof sells shares (including, without limitation, short sales)
of Common Stock pursuant to a Registration Statement in order to hedge its economic exposure to a
derivative transaction entered into between the Holder and such investment bank or Affiliate
thereof (a “Registered Hedge”).

          2.3 Tag-along Registration.

               (a) If, at any time during the period commencing on the one year anniversary of the Closing
Date and for so long as the Holder beneficially owns at least 7.5% of the Common Stock, the Company
proposes to prepare and file a registration statement relating to the sale by the Company of Common
Stock in an underwritten public offering, other than pursuant to Form S-4 or Form S-8 or a
successor form (collectively, a “Tag-along Registration Statement”), it will give written notice of
its intention to do so by registered mail (“Notice”), at least ten (10) business days prior to the
filing of each such Registration Statement, to the Holder.

               (b) Upon the written request of the Holder made within ten (10) business days after receipt of
the Notice that the Company include all or a portion of the Registrable Securities held by the
Holder in the proposed Tag-along Registration Statement, the Company shall permit the Holder to
include in the Tag-along Registration as part of the underwritten public offering a number of
Registrable Securities (the “Tag-along Securities”) up to the Tag-along Percentage. The “Tag-along
Percentage” shall mean the percentage of shares of Common Stock to be sold in the underwritten
offering (after inclusion of the Tag-along Securities) equal to the Holder’s beneficial ownership
percentage of the Common Stock on the date of the Notice, subject to reduction in accordance with
the last sentence of this Section 2.3(b). If, in the opinion of the Company’s managing underwriter
for the offering evidenced by such Tag-along Registration Statement, the inclusion of all or a
portion of the Tag-along Securities, when added to the securities being registered, will either (i)
exceed the maximum amount of the Company’s securities which can be marketed at a price reasonably
related to their then-current market value or (ii) otherwise materially adversely affect the entire
offering, then the Company may exclude from such offering all or a portion of the Tag-along
Securities.

               (c) If securities are proposed to be offered for sale pursuant to such Tag-along Registration
Statement by other security holders of the Company and the total number of securities to be offered
by the Holder and such other selling security holders is required to be reduced pursuant to a
request from the managing underwriter (which request shall be made only for the reasons and in the
manner set forth above), after inclusion of all of the securities being offered by the Company, the
number of Tag-along Securities to be offered by the Holder pursuant to such Tag-along Registration
Statement shall equal the number which bears the same ratio to the maximum number of securities
that the underwriter believes may be included for all the selling security holders (including the
Holder) as the original number of Tag-along Securities proposed to be sold by the Holder bears to
the total original number of securities proposed to be offered by the Holder and the other selling
security holders. If, as a result of the provisions of this Section 2.3(c), the Holder shall not
be entitled to include all Registrable Securities in a registration that the Holder has requested
to be so included, the Holder may withdraw its request to include Registrable Securities in such
Tag-along Registration Statement prior to its effectiveness.

-7-

 

               (d) Notwithstanding the provisions of this Section 2.3, the Company shall have the right at
any time after it shall have given written notice pursuant to this Section 2.3 (irrespective of
whether any written request for inclusion of Tag-along Securities shall have already been made) to
elect not to file any such proposed Tag-along Registration Statement or to withdraw the same after
its filing but prior to the effective date thereof.

               (e) The Holder shall, as a condition to the inclusion of any Tag-along Securities in a
Tag-along Registration Statement, execute and deliver an underwriting agreement in form and
substance satisfactory to the managing underwriter of the underwritten offering, as well as such
other agreements, certificates or documents reasonably requested to be executed and delivered by
the Company, its legal counsel or the managing underwriter in connection with such offering;
provided, however, that the Holder shall not be required to make any representations or warranties
in connection with any Tag-along Registration other than representations and warranties as to (i)
the Holder’s ownership of its Registrable Securities to be sold or transferred free and clear of
all liens, claims and encumbrances, (ii) the Holder’s power and authority to effect such transfer
and (iii) such matters pertaining to compliance with securities laws as may be reasonably
requested; provided, further, that the obligation of the Holder to indemnify pursuant to any such
underwriting agreements shall be several, not joint and several, and the liability of the Holder
will be in proportion to, and limited to, the net amount received by the Holder from the sale of
the Holder’s Registrable Securities pursuant to such Tag-along Registration.

          2.4 Expenses.

               (a) The Company shall pay all Registration Expenses in connection with (i) the Automatic
Registration pursuant to Section 2.1 hereof, (ii) one Demand Registration pursuant to Section 2.2
hereof, and (iii) any registrations pursuant to Section 2.3 hereof; provided, however, the Company
shall not be required to pay Registration Expenses pursuant to the foregoing clauses (i) or (ii) in
excess of an aggregate of $300,000 and may require the Holder to advance or reimburse it for any
additional expenses incurred in connection with such registration prior to proceeding with the
registration.

               (b) The Holder shall pay (i) the fees, expenses and disbursements of counsel and other experts
retained by it, (ii) any and all actual out-of-pocket expenses of the Company incident to the
performance of or compliance by the Company in excess of the expenses payable by the Company set
forth in Section 2.4(a) hereof, (iii) all actual out-of-pocket expenses in connection with any
Demand Registrations, including Registration Expenses and other expenses of the Company in
connection with any Demand Registrations under Section 2.2 hereof, following the first Demand
Registration, (iv) in the case of a firm commitment underwritten offering, any and all fees and
expenses of the underwriters for the offering not paid by the underwriters, and (v) all
underwriting discounts and commissions and transfer taxes, if any, relating to the sale or
disposition of Registrable Securities pursuant to a Registration Statement.

          2.5 Additional Securities. Notwithstanding anything in this Agreement to the
contrary, except as provided in Section 2.3 hereof, the Company shall be permitted to include any
other debt or equity securities on its own behalf and on behalf of other

-8-

 

selling security holders in any Registration Statement filed pursuant to this Agreement;
provided, however, in connection with a Registration Statement relating to a firm commitment
underwritten offering, if, in the opinion of the managing underwriter for such offering, the
inclusion of all or any other securities to be sold by the Company or other selling securityholders
would either (i) reduce the maximum amount of the Shareholder’s securities which could be marketed
at a price reasonably related to their then-current market value or (ii) otherwise materially
adversely affect the entire offering, then all or a portion of such securities requested to be
marketed by the Company or other selling securityholders shall be excluded from such offering.

     3. Registration Procedures. In connection with the obligations of the Company with
respect to a Registration Statement pursuant to Section 2.1 or 2.2, the Company shall:

               (a) Use its best efforts to prepare and file as promptly as practicable with the SEC a
Registration Statement on the appropriate form under the 1933 Act, which form (i) shall be selected
by the Company, (ii) shall be available for the sale of the Registrable Securities covered by such
Registration Statement by the Holder, (iii) shall comply as to form in all material respects with
the requirements of the applicable form and include or incorporate by reference all financial
statements required by the SEC to be filed therewith or incorporated by reference therein, and (iv)
in the case of a Demand Registration, use commercially reasonable efforts to cause such
Registration Statement to become effective and remain effective in accordance with Section 2
hereof;

               (b) in the case of a Demand Registration, use commercially reasonable efforts to prepare and
file with the SEC such amendments and post-effective amendments to the Registration Statement as
may be necessary under applicable law to keep such Registration Statement effective for the
applicable period; and use commercially reasonable efforts to cause each Prospectus to be
supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to
Rule 424 (or any similar provision then in force) under the 1933 Act and comply with the provisions
of the 1933 Act, the 1934 Act and the rules and regulations thereunder applicable to them with
respect to the disposition of all securities covered by the Registration Statement during the
applicable period set forth in Section 2;

               (c) (i) furnish or make available to the Holder, without charge, as many copies of each
Prospectus, and any amendment or supplement thereto and such other documents as the Holder may
reasonably request, including financial statements and schedules and, if the Holder so requests,
all exhibits in order to facilitate the public sale or other disposition of the Registrable
Securities; and (ii) hereby consent to the use of the Prospectus or any amendment or supplement
thereto by the Holder in connection with the offering and sale of the Registrable Securities
covered by the Prospectus or any amendment or supplement thereto;

               (d) use commercially reasonable efforts to register or qualify the Registrable Securities
under all applicable state securities or “blue sky” laws of such jurisdictions as the Holder may
reasonably request, and do any and all other acts and things which may be reasonably necessary or
advisable to enable the Holder to consummate the disposition in each such jurisdiction of such
Registrable Securities owned by the Holder;

-9-

 

provided, however, that the Company shall not be required to (i) qualify as a foreign
corporation or as a dealer in securities in any jurisdiction where it would not otherwise be
required to qualify but for this Section 3(d), or (ii) take any action which would subject it to
general service of process or taxation in any such jurisdiction where it is not then so subject;

               (e) notify promptly the Holder and, if requested by the Holder, confirm such advice in writing
promptly (i) when a Registration Statement has become effective and when any post-effective
amendments and supplements thereto become effective, (ii) of any request by the SEC or any state
securities authority for post-effective amendments and supplements to a Registration Statement and
Prospectus or for additional information after the Registration Statement has become effective,
(iii) of the issuance by the SEC or any state securities authority of any stop order suspending the
effectiveness of a Registration Statement or the initiation of any proceedings for that purpose,
(iv) of the happening of any event or the discovery of any facts during the period a Registration
Statement is effective which makes any statement of a material fact made in such Registration
Statement or the related Prospectus untrue in any material respect or which requires the making of
any changes in such Registration Statement or Prospectus in order to make the statements therein
not misleading, (v) of the receipt by the Company of any notification with respect to the
suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the
initiation or threatening of any proceeding for such purpose and (vi) of any determination by the
Company that a post-effective amendment to such Registration Statement would be appropriate;

               (f) use commercially reasonable efforts to obtain the withdrawal of any order suspending the
effectiveness of a Registration Statement at the earliest possible moment;

               (g) upon the occurrence of any event or the discovery of any facts, each as contemplated by
Section 3(e)(ii), (iii), (iv), (v) or (vi) hereof, as promptly as practicable after the occurrence
of such an event, use commercially reasonable efforts to prepare a supplement or post-effective
amendment to the Registration Statement or the related Prospectus or any document incorporated
therein by reference or file any other required document so that, as thereafter delivered to the
purchasers of the Registrable Securities, such Prospectus (x) will not contain at the time of such
delivery any untrue statement of a material fact or omit to state a material fact necessary to make
the statements therein, in light of the circumstances under which they were made, not misleading or
(y) will remain so qualified. At such time as such public disclosure is otherwise made or the
Company determines that such disclosure is not necessary, in each case to correct any misstatement
of a material fact or to include any omitted material fact, the Company agrees promptly to notify
the Holder of such determination and to furnish or make available to the Holder such number of
copies of the Prospectus as amended or supplemented, as the Holder may reasonably request;

               (h) a reasonable time prior to the filing of any Registration Statement, any Prospectus, any
amendment to a Registration Statement or amendment or supplement to a Prospectus or any document
which is to be incorporated by reference into a Registration Statement or a Prospectus after
initial filing of a Registration Statement, provide copies of such document to the Holder, which
documents will be subject to the reasonable

-10-

 

review of the Holder and the Company will not file any Automatic Registration Statement or
Demand Registration Statement to which the Holder shall reasonably object;

               (i) use commercially reasonable efforts to cause all Registrable Securities to be listed or
quoted on any securities exchange or inter-dealer quotation system on which similar securities
issued by the Company are then listed or quoted if requested by the Holder, if any;

               (j) otherwise comply with all applicable rules and regulations of the SEC and make available
to its security holders, as soon as reasonably practicable, an earnings statement covering at least
12 months which shall satisfy the provisions of Section 11(a) of the 1933 Act and Rule 158
thereunder;

               (k) in connection with an Automatic Registration under Section 2.2 hereof or a Demand
Registration under Section 2.3 hereof that is conducted as an underwritten offering:

               (i) enter into customary agreements (including an underwriting agreement in
customary form, including customary representations, warranties, covenants,
conditions and indemnities) and take such other actions as are required or
reasonably requested by the Holder or the managing underwriters in order to expedite
or facilitate the sale of such Registrable Securities; provided, however, that the
Company’s participation in a “road show” or other marketing efforts shall be limited
to one “overnight road show” for each underwritten offering and shall not exceed a
twenty-four (24) hour period or otherwise be disruptive to the Company’s business,
except in the case of a Demand Registration that covers at least 20,000,000
Registrable Securities, in which case the Company’s participation in a “road show”
or other marketing efforts shall be extended to cover a seventy-two (72) hour period
and, if reasonably requested by the managing underwriter shall be further extended
for an additional forty-eight (48) hour period;

               (ii) at the request of the managing underwriters in connection with an
underwritten offering, furnish to the underwriters (i) an opinion of counsel,
addressed to the underwriters, covering such customary matters as the managing
underwriters may reasonably request and (ii) a comfort letter or comfort letters
(and updates thereof) from the Company’s independent public accountants covering
such customary matters as the managing underwriters may reasonably request; and

               (iii) if requested by the managing underwriters or the Holder, promptly
incorporate in a prospectus supplement or post effective amendment such information
as the managing underwriters or the Holder reasonably requests to be included
therein, including, without limitation, with respect to the Registrable Securities
being sold by the Holder, the purchase price being paid therefor by the underwriters
and with respect to any other items of the underwritten offering of the Registrable
Securities to be sold in such offering, and

-11-

 

promptly make all require filings of such prospectus supplement or post
effective amendment;

               (l) promptly make available for inspection by the Holder participating in any disposition
pursuant to any Registration Statement, the managing underwriters, and any attorney, accountant or
other agent or representative retained by the Holder or the managing underwriters, all financial
and other records, pertinent corporate documents and properties of the Company as shall be
reasonably necessary to enable them to exercise their due diligence responsibility, and cause the
Company’s officers, directors and employees to supply all information reasonably requested by the
Holder or the managing underwriters in connection with such Registration Statement; provided that
the Holder and each of the managing underwriters shall enter into a confidentiality agreement in a
form reasonably acceptable to the Company and the Company shall have no obligation to publicly
disclose any material non-public information supplied to the Holder or the managing underwriters
pursuant to the confidentiality agreement;

               (m) to the extent required, provide a CUSIP number, registrar and transfer agent for the
Registrable Securities included in any Registration Statement not later than the effective date of
such registration statement and shall timely deliver certificates for the Registrable Securities
(not bearing any restrictive legends) to the transfer agent;

               (n) cooperate with the Holder and each managing underwriter participating in the disposition
of such Registrable Securities and their respective counsel in connection with any filings required
to be made with the national Association of Securities Dealers, Inc.; and

               (o) during the period when the Prospectus is required to be delivered under the 1933 Act,
promptly file all documents required to be filed with the SEC pursuant to Sections 13(a), 13(c), 14
or 15(d) of the 1934 Act.

     The Company may (as a condition to the preparation of, or otherwise proceeding with, a Demand
Registration or Tag-along Registration) require the Holder to furnish to the Company such
information regarding the Holder and the proposed distribution by the Holder as the Company (and
the managing underwriter in the case of a Tag-along Registration) may from time to time reasonably
request in writing. Notwithstanding anything herein to the contrary, the Holder may not include
any of its Registrable Securities in any Registration Statement pursuant to this Agreement unless
it (i) furnishes to the Company any such information reasonably requested by the Company, (ii)
agrees to promptly furnish additional information required to be disclosed in order to make the
information previously furnished to the Company by the Holder not materially misleading and (iii)
in the case of a Tag-along Registration, agrees to execute and deliver the agreements, documents
and certificates required under and in accordance with Section 2.3(e) hereof.

     The Holder agrees that, upon receipt of any notice from the Company of the happening of any
event or the discovery of any facts, each of the kind described in Section 3(e)(iii), (iv), (v) and
(vi) hereof, the Holder will forthwith discontinue disposition of Registrable Securities pursuant
to a Registration Statement until the Holder’s receipt of the

-12-

 

copies of the supplemented or amended Prospectus contemplated by Section 3(g) hereof, and, if
so directed by the Company, the Holder will deliver to the Company (at its expense) all copies in
the Holder’s possession, other than permanent file copies then in the Holder’s possession, of the
Prospectus covering Registrable Securities current at the time of receipt of such notice. In
addition, if the Company shall furnish to the Holder a certificate signed by the Company’s Chairman
or Chief Executive Officer stating that the Company’s Board of Directors has determined in good
faith the disclosure of information in any Registration Statement or related Prospectus would
materially interfere with any acquisition, divestiture, financing or other material event or
transaction which is then intended or the public disclosure of which at the time would be
materially prejudicial to the Company, the Company may postpone the filing or effectiveness of a
Registration Statement or suspend the use of a Prospectus for a period of not more than ninety (90)
days; provided, however, that the Company shall not exercise its right to postpone or suspend any
registration pursuant to this sentence for more than one hundred and twenty (120) days in the
aggregate during any period of three hundred sixty (360) consecutive days. If the Company shall
give any such notice to postpone, suspend or discontinue the disposition of Registrable Securities
pursuant to the Registration Statement as set forth in this paragraph, the Company shall extend the
period during which a Registration Statement shall be maintained effective pursuant to this
Agreement by the number of days during the period from and including the date of giving such notice
to and including the date when the Holder shall have received copies of the supplemented or amended
Prospectus necessary to resume such dispositions. Any such suspension shall be referred to as a
“Black-out Period.” The Company shall not be entitled to initiate a Black-out Period unless it
shall, in accordance with its policies then in effect, forbid purchases and sales in the open
market by its senior executives.

     4. Indemnification and Contribution.

               (a) The Company agrees to indemnify and hold harmless the Holder and its directors, officers
and employees, each person, if any, who controls any Holder within the meaning of either Section 15
of the 1933 Act or Section 20 of the 1934 Act, and each Affiliate of any Holder within the meaning
of Rule 405 under the 1933 Act from and against any and all losses, claims, damages, liabilities,
judgments and expenses (including, without limitation, any legal or other expenses reasonably
incurred in connection with defending or investigating any such action or claim) (collectively,
“Losses”) caused by, arising out of, or based upon (i) any untrue statement or alleged
untrue statement of a material fact contained in any Registration Statement or any amendment
thereof, any preliminary prospectus or the Prospectus (as amended or supplemented if the Company
shall have furnished any amendments or supplements thereto), or (ii) any omission or alleged
omission to state therein a material fact required to be stated therein or necessary to make the
statements therein not misleading, except that the Company shall not be liable to indemnify the
Holder insofar as such Losses are (i) caused by any such untrue statement or omission or alleged
untrue statement or omission based upon information relating to the Holder furnished to the Company
in writing by the Holder expressly for use therein (which was not subsequently corrected in writing
prior to the sale of Registrable Securities to the person asserting the Loss in sufficient time to
permit the Company to amend or supplement the Registration Statement or such Prospectus
appropriately), (ii) based upon the Holder’s failure to provide the Company with a material fact
relating to the Holder which is required to be included in the Registration Statement or necessary
to make a statement in the Registration Statement not be misleading, or (iii) arising out of or
based upon sales of

-13-

 

Registrable Securities by the Holder to the person asserting any such Losses, if such person
was not sent or given a Prospectus by or on behalf of the Holder, if required by law so to have
been delivered, at or prior to the written confirmation of the sale of the Registrable Securities
to such person, and if the Prospectus (as so amended or supplemented) had been provided to the
Holder and would have cured the defect giving rise to such Losses.

               (b) The Holder agrees severally and not jointly to indemnify and hold harmless the Company and
its directors, officers and each person, if any, who controls the Company (within the meaning of
either Section 15 of the 1933 Act or Section 20 of the 1934 Act) and any of their Affiliates, to
the same extent as the foregoing indemnity from the Company to the Holder, but only (i) with
reference to information relating to the Holder furnished to the Company in writing by or on behalf
of the Holder expressly for use in such Registration Statement or Prospectus or amendment or
supplement thereto (which was not subsequently corrected in writing prior to the sale of
Registrable Securities to the Person asserting the Loss in sufficient time to permit the Company to
amend or supplement the Registration Statement or such Prospectus appropriately, (ii) with
reference to information relating to the Holder which the Holder fails to provide in writing for
use in the Registration Statement or Prospectus resulting in an omission of a material fact
required to be stated therein or necessary to make the statements therein not misleading, or in
connection with a sale of Registrable Securities or (iii) arising out of or based upon sales of
Registrable Securities by the Holder to the person asserting any such Losses if such person was not
sent or given a Prospectus by or on behalf of the Holder, if required by law so to have been
delivered, at or prior to the written confirmation of the sale of the Registrable Securities to
such person, and if the Prospectus (as so amended or supplemented) had been provided to the Holder
and would have cured the defect giving rise to such Losses. Notwithstanding the foregoing, the
Holder shall have no obligation to indemnify under this Section 4 to the extent that any such
Losses have been finally and non-appealably determined by a court of competent jurisdiction to have
resulted from the Company’s willful misconduct or gross negligence.

               (c) In case any proceeding (including any governmental investigation) shall be instituted
involving any person in respect of which indemnity may be sought pursuant to Section 4(a) or 4(b)
hereof, such person (the “indemnified party”) shall promptly notify the person against whom
such indemnity may be sought (the “indemnifying party”) in writing and the indemnifying
party shall assume the defense of such proceedings and retain counsel reasonably satisfactory to
the indemnified party to represent the indemnified party and any others the indemnifying party may
designate in such proceeding and shall pay the fees and disbursements of such counsel related to
such proceeding. In any such proceeding, any indemnified party 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
party unless (i) the indemnifying party and the indemnified party shall have mutually agreed to the
retention of such counsel, (ii) the named parties to any such proceeding (including any impleaded
parties) include both the indemnifying party and the indemnified party and representation of both
parties by the same counsel would be inappropriate under applicable ethical legal standards due to
actual or potential differing interests between them based upon the indemnified party’s reasonable
judgment upon advice of counsel to the indemnified party or (iii) the indemnifying person fails to
assume the defense of such proceeding within twenty (20) business days after receipt of written
notice thereof from the indemnified person. It is understood that the indemnifying party shall
not, in respect of the legal

-14-

 

expenses of any indemnified party in connection with any proceeding or related proceedings, be
liable for the fees and expenses of more than one separate firm (plus one local counsel in each
jurisdiction) for all such indemnified parties. Such firm shall be reasonably acceptable to the
indemnifying person and shall be designated in writing by, in the case of parties indemnified
pursuant to Section 4(a) the Holder and, in the case of parties indemnified pursuant to 4(b), the
Company. The indemnifying party shall not be liable for any settlement of any proceeding effected
without its written consent, but if settled with such consent or if there be a final judgment for
the plaintiff, the indemnifying party agrees to indemnify the indemnified party from and against
any Loss by reason of such settlement or judgment that is indemnifiable pursuant to Section 4(a) or
4(b), as the case may be. No indemnifying party shall, without the prior written consent of the
indemnified party, effect any settlement of any pending or threatened proceeding in respect of
which any indemnified party is or could have been a party and indemnity could have been sought
hereunder by such indemnified party, unless such settlement includes an unconditional release of
such indemnified party from all liability on claims that are the subject matter of such proceeding
and does not require the indemnified person to admit culpability or fault.

               (d) To the extent that the indemnification provided for in Section 4(a) or 4(b) is unavailable
to an indemnified party or insufficient in respect of any Losses referred to therein, then each
indemnifying party under such section, in lieu of indemnifying such indemnified party thereunder,
shall contribute to the amount paid or payable by such indemnified party as a result of such Losses
in such proportion as is appropriate to reflect the relative fault of the indemnifying party or
parties on the one hand and of the indemnified party or parties on the other hand in connection
with the statements or omissions that resulted in such Losses, as well as any other relevant
equitable considerations. The relative fault of the Holder on the one hand and the Company on the
other hand 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 Holder or by the Company or the failure of such party to
provide information, and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission.

     The parties hereto agree that it would not be just and equitable if contribution pursuant to
this Section 4(d) were determined by pro rata allocation or by any other method of allocation that
does not take into account 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 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. No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be
entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.

               (e) The remedies provided for in this Section 4 are not exclusive and shall not limit any
rights or remedies which may otherwise be available to an indemnified party at law or in equity,
hereunder, under the Purchase Agreement or otherwise.

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               (f) The indemnity and contribution provisions contained in this Section 4 shall remain
operative and in full force and effect regardless of (i) any termination of this Agreement, (ii)
any investigation made by or on behalf of the Holder or its directors, officers or employees, any
person controlling the Holder or any Affiliate of the Holder or by or on behalf of the Company, its
officers or directors or any person controlling the Company and (iii) the sale of any Registrable
Securities by the Holder.

               (g) Notwithstanding the provisions of this Section 4, the Holder shall not be required to
indemnify or contribute any amount in excess of the amount of the net proceeds of the offering
received by the Holder.

     For purposes of this Section 4, each Person, if any, who controls the Holder within the
meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act shall have the same rights to
contribution as the Holder or its directors, officers or employees, and each director of the
Company, and each Person, if any, who controls the Company within the meaning of Section 15 of the
1933 Act or Section 20 of the 1934 Act shall have the same rights to contribution as the Company.

     5. Miscellaneous.

          5.1 Rule 144. For so long as the Company is subject to the reporting requirements of
Section 13 or 15 of the 1934 Act, the Company covenants that it will file the reports required to
be filed by it under the 1933 Act and Section 13(a) or 15(d) of the 1934 Act and the rules and
regulations adopted by the SEC thereunder and that it will take such further action as the Holder
may reasonably request to the extent required from time to time to enable the Holder to sell
Registrable Securities without registration under the 1933 Act within the limitations of the
exemptions provided by Rule 144 under the 1933 Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the SEC. Upon the reasonable request of the
Holder, the Company will deliver to the Holder a written statement as to whether it has complied
with such reporting requirements.

          5.2 Amendments and Waivers. This Agreement may not be amended, modified or
supplemented without the written consent of the Company and the Holder, and waivers or consents to
departures from the provisions hereof may only be given in writing by the party granting such
waiver, consent or departure.

          5.3 Notices. All notices and other communications provided for or permitted hereunder
shall be made in writing and duly given when delivered by hand or mailed by express, registered or
certified mail, or any courier guaranteeing overnight delivery (a) if to the Holder, at the most
current address given by the Holder to the Company by means of a notice given in accordance with
the provisions of this Section 5.3, which address initially is the address set forth in the
Purchase Agreement with respect to the Holder, with a copy to Latham & Watkins LLP, 885 Third
Avenue, New York, New York 10022, attention, Charles M. Nathan, Esq.; and (b) if to the Company, to
the attention of its General Counsel, initially at the Company’s address set forth in the Purchase
Agreement, and thereafter at such other address of which notice is given in accordance with the
provisions of this Section 5.3, with a copy to Blank

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Rome LLP, 405 Lexington Avenue, New York, New York 10174, attention, Robert J. Mittman, Esq.

          5.4 Assignment; Benefits. The Holder may assign all or any part of its rights under
this Agreement to (i) any partner of or member in the Shareholder in connection with a distribution
to such partner or member of Registrable Securities regardless of the number of Registrable
Securities so distributed or (ii) any Affiliate of the Shareholder. In the event that the Holder
shall assign its rights pursuant to this Agreement in connection with the transfer of less than all
its Registrable Securities, the Holder shall also retain its rights with respect to its remaining
Registrable Securities. Notwithstanding the foregoing, in the event of any such assignment, no
Demand may be made hereunder without the approval of Holders of more than 50% of the Registrable
Securities.

          5.5 Entire Agreement. This Agreement (including any schedules or exhibits hereto),
together with the Purchase Agreement and the Shareholder Agreement (as defined in the Purchase
Agreement) constitutes the full and entire understanding and agreement among the parties with
respect to the subject matter hereof and supersedes and preempts any prior understandings,
agreements or representations by or among the parties, written or oral, that may have related to
the subject matter hereof in any way.

          5.6 Governing Law. This Agreement shall be governed by and interpreted and enforced
in accordance with the laws of the State of New York, without giving effect to any choice of law or
conflict of laws rules or provisions (whether of the State of New York or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than the State of New York.

          5.7 Submission to Jurisdiction; Waiver of Jury Trial. No proceeding related to this
Agreement or the transactions contemplated hereby may be commenced, prosecuted or continued in any
court other than the courts of the State of New York located in the City and County of New York or
in the United States District Court for the Southern District of New York, which courts shall have
jurisdiction over the adjudication of such matters, and each of the Company and the Holder hereby
irrevocably and unconditionally consent to the jurisdiction of such courts and personal service
with respect thereto, waive any objection to the laying of venue of any such litigation in such
courts and agree not to plead or claim that such litigation brought in any courts has been brought
in an inconvenient forum. Each of the Company and the Holder hereby waive all right to trial by
jury in any proceeding (whether based upon contract, tort or otherwise) in any way arising out of
or relating to this Agreement. The Holder irrevocably agrees to designate a service company
located in the United States as its agent for service of process and consents to service of process
by first class certified mail, return receipt requested, postage prepaid, to the address at which
such party is located.

          5.8 Severability. In case any provision of this Agreement shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby provided that the essential terms and conditions of this
Agreement for the parties remain valid, binding and enforceable; provided, further, that the
economic and legal substance of the transactions contemplated by this Agreement is not affected in
any manner materially adverse to any party. In event of any such

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determination, the parties agree to negotiate in good faith to modify this Agreement to
fulfill as closely as possible the original intents and purposes hereof. To the extent permitted
by law, the parties hereby to the same extent waive any provision of law that renders any provision
hereof prohibited or unenforceable in any respect.

          5.9 Counterparts. This Agreement and any amendments, modifications and supplements
hereto may be executed in any number of 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.

          5.10 Specific Performance. Each party hereto acknowledges and agrees that the other
party would be damaged irreparably in the event any of the provisions of this Agreement are not
performed in accordance with their specific terms or otherwise are breached. Accordingly, each
party hereto agrees that any other party shall be entitled to an injunction or injunctions to
prevent breaches of the provisions of this Agreement and to enforce specifically this Agreement and
the terms and provisions hereof in any action instituted in any court of the United States or any
state thereof having jurisdiction over the parties and the matter in addition to any other remedy
to which it may be entitled, at law or in equity.

          5.11 Third Party Beneficiaries. The indemnified persons pursuant to Section 4 are
intended to be third party beneficiaries of this Agreement, and this Agreement shall inure to the
benefit of, and be enforceable by, such indemnified persons.

[Remainder of Page Intentionally Left Blank]

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

	 	 	 	 	 
	 	BRIGHTPOINT, INC.

 	 
	 	By:  	/s/ Steven E. Fivel
 	 
	 	 	Name:  	Steven E. Fivel 	 
	 	 	Title:  	Executive Vice President, General

Counsel and Secretary 	 
	 
	 	DANGAARD HOLDING A/S

 	 
	 	By:  	/s/ Christian Dyvig
 	 
	 	 	/s/ Michael Haaning 	 
	 	 	Names: Christian Dyvig and Michael Haaning

Titles:   Directors 	 
	 

-19-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}]]