Document:

EX-4.3

 

Exhibit 4.3

REGISTRATION RIGHTS AGREEMENT

     This REGISTRATION RIGHTS AGREEMENT dated as of November 13, 2006 (the “Agreement”) is entered
into by and among Conexant Systems, Inc., a Delaware corporation (the “Company”), the guarantors
listed in Schedule 1 hereto (the “Guarantors”), and J.P. Morgan Securities Inc. (“JPMorgan”) for
itself and on behalf of the other initial purchasers identified in the Purchase Agreement (as
defined below) (the “Initial Purchasers”).

     The Company, the Guarantors and the Initial Purchasers are parties to the Purchase Agreement
dated November 7, 2006 (the “Purchase Agreement”), which provides for the sale by the Company to
the Initial Purchasers of $275,000,000 aggregate principal amount of the Company’s Floating Rate
Senior Secured Notes due 2010 (the “Securities”), which will be guaranteed on a senior secured
basis by each of the Guarantors. As an inducement to the Initial Purchasers to enter into the
Purchase Agreement, the Company and the Guarantors have agreed to provide to the Initial Purchasers
and their direct and indirect transferees the registration rights set forth in this Agreement. The
execution and delivery 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 terms shall have the
following meanings:

     “Additional Guarantor” shall mean any subsidiary of the Company that executes a Subsidiary
Guarantee under the Indenture after the date of this Agreement.

     “Business Day” shall mean any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed.

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

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

     “Exchange Dates” shall have the meaning set forth in Section 2(a)(ii) hereof.

 

 

     “Exchange Offer” shall mean the exchange offer by the Company and the Guarantors of Exchange
Securities for Registrable Securities pursuant to Section 2(a) hereof.

     “Exchange Offer Registration” shall mean a registration under the Securities Act effected
pursuant to Section 2(a) hereof.

     “Exchange Offer Registration Statement” shall mean an exchange offer registration statement on
Form S-4 (or, if applicable, on another appropriate form) and all amendments and supplements to
such registration statement, in each case including the Prospectus contained therein or deemed a
part thereof, all exhibits thereto and any document incorporated by reference therein.

     “Exchange Securities” shall mean senior secured notes issued by the Company and guaranteed by
the Guarantors under the Indenture containing terms identical to the Securities (except that the
Exchange Securities will not be subject to restrictions on transfer or to any increase in annual
interest rate for failure to comply with this Agreement) and to be offered to Holders of Securities
in exchange for Securities pursuant to the Exchange Offer.

     “Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405 under the
Securities Act) prepared by or on behalf of the Company or used or referred to by the Company in
connection with the sale of the Securities or the Exchange Securities.

     “Guarantors” shall have the meaning set forth in the preamble and shall also include any
Guarantor’s successors and any Additional Guarantors.

     “Holders” shall mean the Initial Purchasers, for so long as they own any Registrable
Securities, and each of their successors, assigns and direct and indirect transferees who become
owners of Registrable Securities under the Indenture; provided that for purposes of Sections 4 and
5 of this Agreement, the term “Holders” shall include Participating Broker-Dealers.

     “Indemnified Person” shall have the meaning set forth in Section 5(c) hereof.

     “Indemnifying Person” shall have the meaning set forth in Section 5(c) hereof.

     “Indenture” shall mean the Indenture relating to the Securities dated as of November 13, 2006
among the Company, the Guarantors and The Bank of New York Trust Company, N.A., as trustee, and as
the same may be amended from time to time in accordance with the terms thereof.

     “Initial Purchasers” shall have the meaning set forth in the preamble.

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     “Inspector” shall have the meaning set forth in Section 3(a)(xiii) hereof.

     “Issuer Information” shall have the meaning set forth in Section 5(a) hereof.

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

     “Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of
the outstanding Registrable Securities; provided that whenever the consent or approval of Holders
of a specified percentage of Registrable Securities is required hereunder, any Registrable
Securities owned directly or indirectly by the Company or any of its affiliates shall not be
counted in determining whether such consent or approval was given by the Holders of such required
percentage or amount; and provided, further, that if the Company shall issue any additional
Securities under the Indenture prior to consummation of the Exchange Offer or, if applicable, the
effectiveness of any Shelf Registration Statement, such additional Securities and the Registrable
Securities to which this Agreement relates shall be treated together as one class for purposes of
determining whether the consent or approval of Holders of a specified percentage of Registrable
Securities has been obtained.

     “Participating Broker-Dealers” shall have the meaning set forth in Section 4(a) hereof.

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

     “Prospectus” shall mean the prospectus included in, or, pursuant to the rules and regulations
of the Securities Act, deemed a part of, a Registration Statement, including any preliminary
prospectus, and any such prospectus as amended or supplemented by any prospectus supplement,
including a prospectus supplement with respect to the terms of the offering of any portion of the
Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and
supplements to such prospectus, and in each case including any document incorporated by reference
therein.

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

     “Registrable Securities” shall mean the Securities; provided that the Securities shall cease
to be Registrable Securities (i) when an Exchange Offer Registration Statement with respect to such
Securities has become effective under the Securities Act and such Securities have been exchanged
for Exchange Securities pursuant to such Exchange Offer Registration Statement, by a Person other
than a Participating Broker-Dealer, (ii) following the exchange by a

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Participating Broker-Dealer in the Exchange Offer of Securities for Exchange Securities, the
date on which any Exchange Security is sold or otherwise disposed of to a purchaser who receives
from such Participating Broker-Dealer on or prior to the date of such sale a copy of the prospectus
contained in the Exchange Offer Registration Statement, (iii) the date on which such Security has
been registered under the Act and disposed of in accordance with the Shelf Registration Statement,
(iv) the date on which any such Security is distributed to the public pursuant to Rule 144, (v)
when such Securities are eligible to be sold pursuant to Rule 144(k) (or any similar provision then
in force, but not Rule 144A) under the Securities Act or (vi) when such Securities cease to be
outstanding.

     “Registration Expenses” shall mean any and all expenses incident to performance of or
compliance by the Company and the Guarantors with this Agreement, including without limitation: (i)
all SEC, stock exchange or National Association of Securities Dealers, Inc. registration and filing
fees, (ii) all fees and expenses incurred in connection with compliance with state securities or
blue sky laws (including reasonable fees and disbursements of counsel for any Underwriters or
Holders in connection with blue sky qualification of any Exchange Securities or Registrable
Securities), (iii) all reasonable expenses of any Persons in preparing or assisting in preparing,
word processing, printing and distributing any Registration Statement, any Prospectus and any
amendments or supplements thereto, any underwriting agreements, securities sales agreements or
other similar agreements and any other documents relating to the performance of and compliance with
this Agreement, (iv) all rating agency fees, (v) all fees and disbursements relating to the
qualification of the Indenture under applicable securities laws, (vi) the reasonable fees and
disbursements of the Trustee and its counsel, (vii) the fees and disbursements of counsel for the
Company and the Guarantors and, in the case of a Shelf Registration Statement, the reasonable fees
and disbursements of one counsel for the Holders (which counsel shall be selected by the Majority
Holders and which counsel may also be counsel for the Initial Purchasers) and (viii) the fees and
disbursements of the independent public accountants of the Company and the Guarantors, including
the expenses of any special audits or “comfort” letters required by or incident to the performance
of and compliance with this Agreement, but excluding fees and expenses of counsel to the
Underwriters (other than fees and expenses set forth in clause (ii) above) or the Holders and
underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating
to the sale or disposition of Registrable Securities by a Holder.

     “Registration Statement” shall mean any registration statement of the Company and the
Guarantors that covers any of the Exchange Securities or Registrable Securities pursuant to the
provisions of this Agreement and all amendments and supplements to any such registration statement,
including post-effective amendments, in each case including the Prospectus contained therein or
deemed a part thereof, all exhibits thereto and any document incorporated by reference therein.

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     “SEC” shall mean the United States Securities and Exchange Commission.

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

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

     “Shelf Additional Interest Date” shall have the meaning set forth in Section 2(d) hereof.

     “Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof.

     “Shelf Registration” shall mean a registration effected pursuant to Section 2(b) hereof.

     “Shelf Registration Statement” shall mean a “shelf” registration statement of the Company and
the Guarantors that covers all or a portion of the Registrable Securities (but no other securities
unless approved by a majority of the Holders whose Registrable Securities are to be covered by such
Shelf Registration Statement) on an appropriate form under Rule 415 under the Securities 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 or deemed a part thereof, all exhibits thereto and any document incorporated by
reference therein.

     “Shelf Request” shall have the meaning set forth in Section 2(b) hereof.

     “Staff” shall mean the staff of the SEC.

     “Subsidiary Guarantees” shall mean the guarantees of the Securities and Exchange Securities by
the Guarantors under the Indenture.

     “Target Registration Date” shall have the meaning set forth in Section 2(d) hereof.

     “Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from time to
time.

     “Trustee” shall mean the trustee with respect to the Securities under the Indenture.

     “Underwriter” shall have the meaning set forth in Section 3(e) hereof.

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     “Underwritten Offering” shall mean an offering in which Registrable Securities are sold to an
Underwriter for reoffering to the public.

     2. Registration Under the Securities Act. (a) To the extent not prohibited by any
applicable law or applicable interpretations of the Staff, the Company and the Guarantors shall use
their commercially reasonable efforts to (i) cause to be filed an Exchange Offer Registration
Statement covering an offer to the Holders to exchange all the Registrable Securities for Exchange
Securities and (ii) have such Registration Statement remain effective until 180 days after the last
Exchange Date for use by one or more Participating Broker-Dealers Offer, subject to Section 4(b).
The Company and the Guarantors shall commence the Exchange Offer promptly after the Exchange Offer
Registration Statement is declared effective by the SEC and use their commercially reasonable
efforts to complete the Exchange Offer not later than 60 days after such effective date.

     The Company and the Guarantors shall commence the Exchange Offer by mailing the related
Prospectus, appropriate letters of transmittal and other accompanying documents to each Holder
stating, in addition to such other disclosures as are required by applicable law, substantially the
following:

	(i)	 	that the Exchange Offer is being made pursuant to this Agreement and that all Registrable
Securities validly tendered and not properly withdrawn will be accepted for exchange;

	(ii)	 	the dates of acceptance for exchange (which shall be a period of at least 20 Business Days
from the date such notice is mailed) (the “Exchange Dates”);

	(iii)	 	that any Registrable Security not tendered will remain outstanding and continue to accrue
interest but will not retain any rights under this Agreement, except as otherwise specified
herein;

	(iv)	 	that any Holder electing to have a Registrable Security exchanged pursuant to the Exchange
Offer will be required to (A) surrender such Registrable Security, together with the
appropriate letters of transmittal, to the institution and at the address (located in the
Borough of Manhattan, The City of New York) and in the manner specified in the notice, or (B)
effect such exchange otherwise in compliance with the applicable procedures of the depositary
for such Registrable Security, in each case prior to the close of business on the last
Exchange Date; and

	(v)	 	that any Holder will be entitled to withdraw its election, not later than the close of
business on the last Exchange Date, by (A) sending to the institution and at the address
(located in the Borough of Manhattan, The

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	 	 	City of New York) specified in the notice, a telegram, telex, facsimile transmission or
letter setting forth the name of such Holder, the principal amount of Registrable
Securities delivered for exchange and a statement that such Holder is withdrawing its
election to have such Securities exchanged or (B) effecting such withdrawal in compliance
with the applicable procedures of the depositary for the Registrable Securities.

     As a condition to participating in the Exchange Offer, a Holder will be required to represent
to the Company and the Guarantors that (i) any Exchange Securities to be received by it will be
acquired in the ordinary course of its business, (ii) at the time of the commencement of the
Exchange Offer it has no arrangement or understanding with any Person to participate in the
distribution (within the meaning of the Securities Act) of the Exchange Securities in violation of
the provisions of the Securities Act, (iii) it is not an “affiliate” (within the meaning of Rule
405 under the Securities Act) of the Company or any Guarantor and (iv) if such Holder is a
broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable
Securities that were acquired as a result of market-making or other trading activities, then such
Holder will deliver a Prospectus (or, to the extent permitted by law, make available a Prospectus
to purchasers) in connection with any resale of such Exchange Securities.

     As soon as practicable after the last Exchange Date, the Company and the Guarantors shall:

	(i)	 	accept for exchange Registrable Securities or portions thereof validly tendered and not
properly withdrawn pursuant to the Exchange Offer; and

	(ii)	 	deliver, or cause to be delivered, to the Trustee for cancellation all Registrable Securities
or portions thereof so accepted for exchange by the Company and issue, and cause the Trustee
to promptly authenticate and deliver to each Holder, Exchange Securities equal in principal
amount to the principal amount of the Registrable Securities tendered by such Holder.

     The Company and the Guarantors shall use their commercially reasonable efforts to complete the
Exchange Offer as provided above and shall comply with the applicable requirements of the
Securities Act, the Exchange Act and other applicable laws and regulations in connection with the
Exchange Offer. The Exchange Offer shall not be subject to any conditions, other than that the
Exchange Offer does not violate any applicable law or applicable interpretations of the Staff.

     (b) In the event that (i) the Company and the Guarantors determine that the Exchange Offer
Registration provided for in Section 2(a) above is not available or may not be completed as soon as
practicable after the last Exchange Date because it would violate any applicable law or applicable
interpretations of

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the Staff, (ii) the Exchange Offer is not for any other reason completed within 270 calendar
days after the Securities are issued or (iii) upon receipt of a written request (a “Shelf Request”)
from any Initial Purchaser representing that it holds Registrable Securities that are or were
ineligible to be exchanged in the Exchange Offer, the Company and the Guarantors shall use their
commercially reasonable efforts to cause to be filed as soon as practicable after such
determination, date or Shelf Request, as the case may be, a Shelf Registration Statement providing
for the sale of all (subject to the next paragraph) the Registrable Securities by the Holders
thereof and to have such Shelf Registration Statement become effective.

     In the event that the Company and the Guarantors are required to file a Shelf Registration
Statement pursuant to clause (iii) of the preceding sentence, the Company and the Guarantors shall
use their commercially reasonable efforts to file and have become effective both an Exchange Offer
Registration Statement pursuant to Section 2(a) with respect to all Registrable Securities and a
Shelf Registration Statement (which may be a combined Registration Statement with the Exchange
Offer Registration Statement) with respect to offers and sales of Registrable Securities held by
the Initial Purchasers after completion of the Exchange Offer.

     The Company and the Guarantors agree to use their commercially reasonable efforts to keep the
Shelf Registration Statement continuously effective until the expiration of the period referred to
in Rule 144(k) (or any similar rule then in force, but not Rule 144A) under the Securities Act with
respect to the Registrable Securities or such shorter period that will terminate when all the
Registrable Securities covered by the Shelf Registration Statement have been sold pursuant to the
Shelf Registration Statement (the “Shelf Effectiveness Period”). The Company and the Guarantors
further agree to supplement or amend the Shelf Registration Statement and the related Prospectus if
required by the rules, regulations or instructions applicable to the registration form used by the
Company for such Shelf Registration Statement or by the Securities Act or by any other rules and
regulations thereunder or if reasonably requested by a Holder of Registrable Securities with
respect to information relating to such Holder, and to use their commercially reasonable efforts to
cause any such amendment to become effective, if required, and such Shelf Registration Statement
and Prospectus to become usable as soon as thereafter practicable. The Company and the Guarantors
agree to furnish to the Holders of Registrable Securities covered by the Shelf Registration
Statement copies of any such supplement or amendment promptly after its being used or filed with
the SEC.

     (c) The Company and the Guarantors shall pay all Registration Expenses in connection with any
registration pursuant to Section 2(a) or Section 2(b) hereof. Each Holder shall pay all
underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating
to the sale or

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disposition of such Holder’s Registrable Securities pursuant to the Shelf Registration
Statement.

     (d) An Exchange Offer Registration Statement pursuant to Section 2(a) hereof will not be
deemed to have become effective unless it has been declared effective by the SEC. A Shelf
Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become effective
unless it has been declared effective by the SEC or is automatically effective upon filing with the
SEC as provided by Rule 462 under the Securities Act.

     In the event that either the Exchange Offer is not completed within 270 calendar days after
the Securities are issued or the Shelf Registration Statement, if required pursuant to Section
2(b)(i) or 2(b)(ii) hereof, has not become effective on or prior to 90 calendar days after (x) the
determination is made pursuant to Section 2(b)(i) or (v) the date referred to in Section 2(b)(ii),
as applicable, (the “Target Registration Date”), the interest rate on the Registrable Securities
will be increased by (i) 0.25% per annum for the first 90-day period immediately following the
Target Registration Date and (ii) an additional 0.25% per annum with respect to each subsequent
90-day period, in each case until the Exchange Offer is completed or the Shelf Registration
Statement, if required hereby, becomes effective or the Securities become freely tradable under the
Securities Act, up to a maximum increase of 1.00% per annum. In the event that the Company
receives a Shelf Request pursuant to Section 2(b)(iii), and the Shelf Registration Statement
required to be filed thereby has not become effective by the later of (x) 270 calendar days after
the Securities are issued or (y) 90 days after delivery of such Shelf Request (such later date, the
“Shelf Additional Interest Date”), then the interest rate on the Registrable Securities to be
covered by the Shelf Registration Statement will be increased by (i) 0.25% per annum for the first
90-day period immediately following the Shelf Additional Interest Date and (ii) an additional 0.25%
per annum with respect to each subsequent 90-day period, in each case until the Shelf Registration
Statement becomes effective or the Securities become freely tradable under the Securities Act, up
to a maximum increase of 1.00% per annum.

     If the Shelf Registration Statement, if required hereby, has become effective and thereafter
either ceases to be effective or the Prospectus contained therein ceases to be usable, in each case
whether or not permitted by this Agreement, at any time during the Shelf Effectiveness Period, and
such failure to remain effective or usable exists for more than 30 consecutive calendar days in any
twelve-month period or 60 calendar days, whether or not consecutive in any twelve-month period,
then the interest rate on the Registrable Securities covered by the Shelf Registration Statement
will be increased by (i) 0.25% per annum for the first 90-day period commencing on the
31st day in such twelve-month period or the 61st day in such twelve-month
period, as applicable, and (ii) an additional 0.25% per annum with respect to each subsequent
90-day period and ending, in the case of clauses (i) and (ii), on such date that the Shelf
Registration Statement

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has again become effective or the Prospectus again becomes usable, up to a maximum increase of
1.00% per annum.

     (e) Without limiting the remedies available to the Initial Purchasers and the Holders, the
Company and the Guarantors acknowledge that any failure by the Company or the Guarantors to comply
with their obligations under Section 2(a) and Section 2(b) hereof may result in material
irreparable injury to the Initial Purchasers or the Holders for which there is no adequate remedy
at law, that it will not be possible to measure damages for such injuries precisely and that, in
the event of any such failure, the Initial Purchasers or any Holder may seek such relief as may be
required to specifically enforce the Company’s and the Guarantors’ obligations under Section 2(a)
and Section 2(b) hereof.

     (f) The Company represents, warrants and covenants that it (including its agents and
representatives) will not prepare, make, use, authorize, approve or refer to any Free Writing
Prospectus.

     3. Registration Procedures. (a) In connection with their obligations pursuant to
Section 2(a) and Section 2(b) hereof, the Company and the Guarantors shall promptly:

     (i) prepare and file with the SEC a Registration Statement on the appropriate form under the
Securities Act, which form (x) shall be selected by the Company and the Guarantors, (y) shall, in
the case of a Shelf Registration, be available for the sale of the Registrable Securities by the
Holders thereof and (z) shall comply as to form in all material respects with the requirements of
the applicable form and include all financial statements required by the SEC to be filed therewith;
and use their commercially reasonable efforts to cause such Registration Statement to become
effective and remain effective for the applicable period in accordance with Section 2 hereof;

     (ii) prepare and file with the SEC such amendments and post-effective amendments to each
Registration Statement as may be necessary to keep such Registration Statement effective for the
applicable period in accordance with Section 2 hereof and cause each Prospectus to be supplemented
by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424
under the Securities Act; and keep each Prospectus current during the period described in Section
4(3) of and Rule 174 under the Securities Act that is applicable to transactions by brokers or
dealers with respect to the Registrable Securities or Exchange Securities;

     (iii) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities,
to counsel for the Initial Purchasers, to counsel for such Holders and to each Underwriter of an
Underwritten Offering of Registrable Securities, if any, without charge, as many copies of each
Prospectus or preliminary prospectus, and any amendment or supplement thereto, as such

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Holder, counsel or Underwriter may reasonably request in order to facilitate the sale or other
disposition of the Registrable Securities thereunder; and the Company and the Guarantors consent to
the use of such Prospectus, preliminary prospectus and any amendment or supplement thereto in
accordance with applicable law by each of the Holders of Registrable Securities and any such
Underwriters in connection with the offering and sale of the Registrable Securities covered by and
in the manner described in such Prospectus, preliminary prospectus or any amendment or supplement
thereto in accordance with applicable law;

     (iv) use their commercially reasonable efforts to register or qualify the Registrable
Securities under all applicable state securities or blue sky laws of such jurisdictions as any
Holder of Registrable Securities covered by a Registration Statement shall reasonably request in
writing reasonably in advance of the time the applicable Registration Statement becomes effective;
cooperate with such Holders in connection with any filings required to be made with the National
Association of Securities Dealers, Inc.; and do any and all other acts and things that may be
reasonably necessary or advisable to enable each Holder to complete the disposition in each such
jurisdiction of the Registrable Securities owned by such Holder; provided that neither the
Company nor any Guarantor shall be required to (1) qualify as a foreign corporation or other entity
or as a dealer in securities in any such jurisdiction where it would not otherwise be required to
so qualify, (2) file any general consent to service of process in any such jurisdiction or (3)
subject itself to taxation in any such jurisdiction if it is not so subject;

     (v) notify counsel for the Initial Purchasers and, in the case of a Shelf Registration, notify
each Holder of Registrable Securities and counsel for such Holders promptly and, if requested by
any such Holder or counsel, confirm such advice in writing (1) when a Registration Statement has
become effective, when any post-effective amendment thereto has been filed and becomes effective
and when any amendment or supplement to the Prospectus has been filed, (2) of any request by the
SEC or any state securities authority for amendments and supplements to a Registration Statement or
Prospectus or for additional information after the Registration Statement has become effective, (3)
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,
including the receipt by the Company of any notice of objection of the SEC to the use of a Shelf
Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the
Securities Act, (4) if, between the applicable effective date of a Shelf Registration Statement and
the closing of any sale of Registrable Securities covered thereby, the representations and
warranties of the Company or any Guarantor contained in any underwriting agreement, securities
sales agreement or other similar agreement, if any, relating to an offering of such Registrable
Securities cease to be true and correct in all material respects or if the Company or any Guarantor

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receives any notification with respect to the suspension of the qualification of the
Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such
purpose, (5) of the happening of (but not the nature of or details concerning) any event during the
period a Registration Statement is effective that makes any statement made in such Registration
Statement or the related Prospectus untrue in any material respect or that requires the making of
any changes in such Registration Statement or Prospectus in order to make the statements therein
not misleading and (6) of any determination by the Company or any Guarantor that a post-effective
amendment to a Registration Statement or any amendment or supplement to the Prospectus would be
appropriate;

     (vi) use their commercially reasonable efforts to obtain the withdrawal of any order
suspending the effectiveness of a Registration Statement or, in the case of a Shelf Registration,
the resolution of any objection of the SEC pursuant to Rule 401(g)(2), including by filing an
amendment to such Shelf Registration Statement on the proper form, as soon as practicable and
provide prompt notice to each Holder of the withdrawal of any such order or such resolution;

     (vii) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities,
without charge, at least one conformed copy of each Registration Statement and any post-effective
amendment thereto (without any documents incorporated therein by reference or exhibits thereto,
unless requested);

     (viii) in the case of a Shelf Registration, cooperate with the Holders of Registrable
Securities to facilitate the timely preparation and delivery of certificates representing
Registrable Securities to be sold and not bearing any restrictive legends and enable such
Registrable Securities to be issued in such denominations and registered in such names (consistent
with the provisions of the Indenture) as such Holders may reasonably request at least five Business
Days prior to the closing of any sale of Registrable Securities;

     (ix) in the case of a Shelf Registration, upon the occurrence of any event contemplated by
Section 3(a)(v)(5) hereof, use their commercially reasonable efforts to prepare and file with the
SEC a supplement or post-effective amendment to such Shelf Registration Statement or the related
Prospectus or any document incorporated therein by reference or file any other required document so
that, as thereafter delivered (or, to the extent permitted by law, made available) to purchasers of
the Registrable Securities, such Prospectus will not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; and the Company and the Guarantors shall
notify the Holders of Registrable Securities to suspend use of the Prospectus as promptly as
practicable after the occurrence of such an event, and such Holders hereby agree to suspend use of
the Prospectus until the

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Company and the Guarantors have amended or supplemented the Prospectus to correct such
misstatement or omission;

     (x) 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, prior to
completion of the Exchange Offer or the date that is 60 days after the date the Shelf Registration
Statement becomes effective, of any document that is to be incorporated by reference into a
Registration Statement or a Prospectus after initial filing of a Registration Statement (other than
any Form 8-K, copies of which shall be provided until the date that the Shelf Registration
Statement becomes effective), provide copies of such document to the Initial Purchasers and their
counsel (and, in the case of a Shelf Registration Statement, to the Holders of Registrable
Securities and their counsel) and make such of the representatives of the Company and the
Guarantors as shall be reasonably requested by the Initial Purchasers or their counsel (and, in the
case of a Shelf Registration Statement, the Holders of Registrable Securities or their counsel)
available for discussion of such document; and the Company and the Guarantors shall not, at any
time after initial filing of a Registration Statement, use or file any Prospectus, any amendment of
or supplement to a Registration Statement or a Prospectus, or, prior to completion of the Exchange
Offer or the date that is 60 days after the date the Shelf Registration Statement becomes
effective, any document that is to be incorporated by reference into a Registration Statement or a
Prospectus (other than any Form 8-K, copies of which shall be furnished until the date that the
Shelf Registration Statement becomes effective), of which the Initial Purchasers and their counsel
(and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities and
their counsel) shall not have previously been advised and furnished a copy or to which the Initial
Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the Holders of
Registrable Securities or their counsel) shall reasonably object;

     (xi) obtain a CUSIP number for all Exchange Securities or Registrable Securities, as the case
may be, not later than the initial effective date of a Registration Statement;

     (xii) cause the Indenture to be qualified under the Trust Indenture Act in connection with the
registration of the Exchange Securities or Registrable Securities, as the case may be; cooperate
with the Trustee and the Holders to effect such changes to the Indenture as may be required for the
Indenture to be so qualified in accordance with the terms of the Trust Indenture Act; and execute,
and use their commercially reasonable efforts to cause the Trustee to execute, all documents as may
be required to effect such changes and all other forms and documents required to be filed with the
SEC to enable the Indenture to be so qualified in a timely manner;

13

 

     (xiii) in the case of a Shelf Registration, make available for inspection by a representative
of the Holders of the Registrable Securities (an “Inspector”), any Underwriter participating in any
disposition pursuant to such Shelf Registration Statement, any attorneys and accountants designated
by a majority of the Holders of Registrable Securities to be included in such Shelf Registration
and any attorneys and accountants designated by such Underwriter, at reasonable times and in a
reasonable manner, all pertinent financial and other records, documents and properties of the
Company and its subsidiaries, and cause the respective officers, directors and employees of the
Company and the Guarantors to supply all information reasonably requested by any such Inspector,
Underwriter, attorney or accountant in connection with a Shelf Registration Statement;
provided that if any such information is identified by the Company or any Guarantor as
being confidential or proprietary, each Person receiving such information shall take such actions
as are reasonably necessary to protect the confidentiality of such information, except (1) to the
extent necessary to comply with law or any legal process, (2) as part of normal reporting or review
procedures to any governmental authority, (3) to its parent companies, affiliates or auditors (so
long as each such Person shall have agreed to keep the same confidential), (4) in order to enforce
its rights in a legal proceeding, (5) to any prospective assignee of any of its rights under this
Agreement (so long as such Person shall have agreed to keep the same confidential);

     (xiv) if reasonably requested by any Holder of Registrable Securities covered by a Shelf
Registration Statement, promptly include in a Prospectus supplement or post-effective amendment
such information with respect to such Holder as such Holder reasonably requests to be included
therein and make all required filings of such Prospectus supplement or such post-effective
amendment as soon as the Company has received notification of the matters to be so included in such
filing;

     (xv) in the case of a Shelf Registration, enter into such customary agreements and take all
such other actions in connection therewith (including those reasonably requested by the Holders of
a majority in principal amount of the Registrable Securities covered by the Shelf Registration
Statement) in order to expedite or facilitate the disposition of such Registrable Securities
including, but not limited to, an Underwritten Offering and in such connection, (1) to the extent
possible, make such representations and warranties to the Holders and any Underwriters of such
Registrable Securities with respect to the business of the Company and its subsidiaries and the
Registration Statement, Prospectus and documents incorporated by reference or deemed incorporated
by reference, if any, in each case, in form, substance and scope as are customarily made by issuers
to underwriters in underwritten offerings and confirm the same if and when requested, (2) obtain
opinions of counsel to the Company and the Guarantors (which counsel and opinions, in form, scope
and substance, shall be reasonably satisfactory to the Holders and such Underwriters and their
respective counsel) addressed to each selling Holder and Underwriter of

14

 

Registrable Securities, covering the matters customarily covered in opinions requested in
underwritten offerings, (3) obtain “comfort” letters from the independent certified public
accountants of the Company and the Guarantors (and, if necessary, any other certified public
accountant of any subsidiary of the Company or any Guarantor, or of any business acquired by the
Company or any Guarantor for which financial statements and financial data are or are required to
be included in the Registration Statement) addressed to each selling Holder (to the extent
permitted by applicable professional standards) and Underwriter of Registrable Securities, such
letters to be in customary form and covering matters of the type customarily covered in “comfort”
letters in connection with underwritten offerings, including but not limited to financial
information contained in any preliminary prospectus or Prospectus and (4) deliver such documents
and certificates as may be reasonably requested by the Holders of a majority in principal amount of
the Registrable Securities being sold or the Underwriters, and which are customarily delivered in
underwritten offerings, to evidence the continued validity of the representations and warranties of
the Company and the Guarantors made pursuant to clause (1) above and to evidence compliance with
any customary conditions contained in an underwriting agreement; and

     (xvi) so long as any Registrable Securities remain outstanding, cause each Additional
Guarantor upon the creation or acquisition by the Company of such Additional Guarantor, to execute
a counterpart to this Agreement in the form attached hereto as Annex A and to deliver such
counterpart, together with an opinion of counsel as to the enforceability thereof against such
entity, to the Initial Purchasers no later than five Business Days following the execution thereof.

     (b) In the case of a Shelf Registration Statement, the Company may require each Holder of
Registrable Securities to furnish to the Company such information regarding such Holder and the
proposed disposition by such Holder of such Registrable Securities as the Company and the
Guarantors may from time to time reasonably request in writing.

     (c) In the case of a Shelf Registration Statement, each Holder of Registrable Securities
covered in such Shelf Registration Statement agrees that, upon receipt of any notice from the
Company and the Guarantors of the happening of any event of the kind described in Section
3(a)(v)(3) or 3(a)(v)(5) hereof, such Holder will forthwith discontinue disposition of Registrable
Securities pursuant to the Shelf Registration Statement until such Holder’s receipt of the copies
of the supplemented or amended Prospectus contemplated by Section 3(a)(ix) hereof and, if so
directed by the Company and the Guarantors, such Holder will deliver to the Company and the
Guarantors all copies in its possession, other than permanent file copies then in such Holder’s
possession, of the Prospectus covering such Registrable Securities that is current at the time of
receipt of such notice.

15

 

     (d) If the Company and the Guarantors shall give any notice to suspend the disposition of
Registrable Securities pursuant to a Registration Statement, the Company and the Guarantors shall
extend the period during which such Registration Statement shall be maintained effective pursuant
to this Agreement by the number of days during the period from and including the date of the giving
of such notice to and including the date when the Holders of such Registrable Securities shall have
received copies of the supplemented or amended Prospectus necessary to resume such dispositions.
The Company and the Guarantors may give any such notice only twice during any 365-day period and
any such suspensions shall not exceed 30 days for each suspension and there shall not be more than
two suspensions in effect during any 365-day period.

     (e) The Holders of Registrable Securities covered by a Shelf Registration Statement who desire
to do so may sell such Registrable Securities in an Underwritten Offering. In any such
Underwritten Offering, the investment bank or investment banks and manager or managers (each an
“Underwriter”) that will administer the offering will be selected by the Holders of a majority in
principal amount of the Registrable Securities included in such offering, and shall be reasonably
satisfactory to the Company.

     4. Participation of Broker-Dealers in Exchange Offer. (a) The Staff has taken the
position that any broker-dealer that receives Exchange Securities for its own account in the
Exchange Offer in exchange for Securities that were acquired by such broker-dealer as a result of
market-making or other trading activities (a “Participating Broker-Dealer”) may be deemed to be an
“underwriter” within the meaning of the Securities Act and must deliver a prospectus
meeting the requirements of the Securities Act in connection with any resale of such Exchange
Securities.

     The Company and the Guarantors understand that it is the Staff’s position that if the
Prospectus contained in the Exchange Offer Registration Statement includes a plan of distribution
containing a statement to the above effect and the means by which Participating Broker-Dealers may
resell the Exchange Securities, without naming the Participating Broker-Dealers or specifying the
amount of Exchange Securities owned by them, such Prospectus may be delivered by Participating
Broker-Dealers (or, to the extent permitted by law, made available to purchasers) to satisfy their
prospectus delivery obligation under the Securities Act in connection with resales of Exchange
Securities for their own accounts, so long as the Prospectus otherwise meets the requirements of
the Securities Act.

     (b) In light of the above, and notwithstanding the other provisions of this Agreement, the
Company and the Guarantors agree to amend or supplement the Prospectus contained in the Exchange
Offer Registration Statement for a period of up to 180 days after the last Exchange Date (as such

16

 

period may be extended pursuant to Section 3(d) of this Agreement), in order to expedite or
facilitate the disposition of any Exchange Securities by Participating Broker-Dealers consistent
with the positions of the Staff recited in Section 4(a) above. The Company and the Guarantors
further agree that Participating Broker-Dealers shall be authorized to deliver (or, to the extent
permitted by law, make available) such Prospectus during such period in connection with the resales
contemplated by this Section 4.

     (c) The Initial Purchasers shall have no liability to the Company, any Guarantor or any Holder
with respect to any request that they may make pursuant to Section 4(b) above.

     5. Indemnification and Contribution. (a) The Company and each Guarantor, jointly and
severally, agree to indemnify and hold harmless each Initial Purchaser and each Holder, their
respective affiliates, directors and officers and each Person, if any, who controls any Initial
Purchaser or any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act, from and against any and all losses, claims, damages and liabilities (including,
without limitation, legal fees and other expenses reasonably incurred in connection with any suit,
action or proceeding or any claim asserted, as such fees and expenses are incurred), joint or
several, that arise out of, or are based upon, (1) any untrue statement or alleged untrue statement
of a material fact contained in any Registration Statement or any omission or alleged omission to
state therein a material fact required to be stated therein or necessary in order to make the
statements therein not misleading, or (2) any untrue statement or alleged untrue statement of a
material fact contained in any Prospectus, any Free Writing Prospectus used in violation of this
Agreement or any “issuer information” (“Issuer Information”) filed or required to be filed pursuant
to Rule 433(d) under the Securities Act, or any omission or alleged omission to state therein a
material fact necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading, in each case except insofar as such losses, claims,
damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged
untrue statement or omission made in reliance upon and in conformity with any information relating
to any Initial Purchaser or information relating to any Holder furnished to the Company in writing
through JPMorgan or any selling Holder, respectively, expressly for use therein. In connection
with any Underwritten Offering permitted by Section 3, the Company and the Guarantors, jointly and
severally, will also indemnify the Underwriters, if any, selling brokers, dealers and similar
securities industry professionals participating in the distribution, their respective affiliates
and each Person who controls such Persons (within the meaning of the Securities Act and the
Exchange Act) to the same extent as provided above with respect to the indemnification of the
Holders, if requested in connection with any Registration Statement, any Prospectus, any Free
Writing Prospectus or any Issuer Information.

17

 

     (b) Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Company,
the Guarantors, the Initial Purchasers and the other selling Holders, the directors of the Company
and the Guarantors, each officer of the Company and the Guarantors who signed the Registration
Statement and each Person, if any, who controls the Company, the Guarantors, any Initial Purchaser
and any other selling Holder within the meaning of Section 15 of the Securities Act or Section 20
of the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above, but only
with respect to any losses, claims, damages or liabilities that arise out of, or are based upon,
any untrue statement or omission or alleged untrue statement or omission made in reliance upon and
in conformity with any information relating to such Holder furnished to the Company in writing by
such Holder expressly for use in any Registration Statement and any Prospectus. In connection with
any Underwritten Offering permitted by Section 3, the Underwriters will enter into agreements
providing for the indemnification of the Company and the Guarantors in form and substance customary
for underwritten offerings of this type.

     (c) If any suit, action, proceeding (including any governmental or regulatory investigation),
claim or demand shall be brought or asserted against any Person in respect of which indemnification
may be sought pursuant to either paragraph (a) or (b) above, such Person (the “Indemnified Person”)
shall promptly notify the Person against whom such indemnification may be sought (the “Indemnifying
Person”) in writing; provided that the failure to notify the Indemnifying Person shall not
relieve it from any liability that it may have under this Section 5 except to the extent that it
has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such
failure; and provided, further, that the failure to notify the Indemnifying Person
shall not relieve it from any liability that it may have to an Indemnified Person otherwise than
under this Section 5. If any such proceeding shall be brought or asserted against an Indemnified
Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall
retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified
Person and any others entitled to indemnification pursuant to this Section 5 that the Indemnifying
Person may designate in such proceeding and shall pay the fees and expenses of such proceeding and
shall pay the fees and expenses of such counsel related to such proceeding, as incurred. In any
such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the
fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the
Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary; (ii) the
Indemnifying Person has failed within a reasonable time to retain counsel reasonably satisfactory
to the Indemnified Person; (iii) the Indemnified Person shall have reasonably concluded that there
may be legal defenses available to it that are different from or in addition to those available to
the Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded
parties) include both the Indemnifying Person and the Indemnified Person and representation of both
parties by the same counsel would be

18

 

inappropriate due to actual or potential differing interests between them. It is understood and
agreed that the Indemnifying Person shall not, in connection with any proceeding or related
proceeding in the same jurisdiction, be liable for the fees and expenses of more than one separate
firm (in addition to any local counsel) for all Indemnified Persons, and that all such fees and
expenses shall be reimbursed as they are incurred. Any such separate firm (x) for any Initial
Purchaser, its affiliates, directors and officers and any control Persons of such Initial Purchaser
shall be designated in writing by JPMorgan, (y) for any Holder, its directors and officers and any
control Persons of such Holder shall be designated in writing by the Majority Holders and (z) in
all other cases shall be designated in writing by the Company. The Indemnifying Person 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 Person agrees
to indemnify each Indemnified Person from and against any loss or liability by reason of such
settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified
Person shall have requested that an Indemnifying Person reimburse the Indemnified Person for fees
and expenses of counsel as contemplated by this paragraph, the Indemnifying Person shall be liable
for any settlement of any proceeding effected without its written consent if (i) such settlement is
entered into more than 60 days after receipt by the Indemnifying Person of such request and (ii)
the Indemnifying Person shall not have reimbursed the Indemnified Person in accordance with such
request prior to the date of such settlement, unless there is a bona fide dispute between the
Indemnifying Party and the Indemnified Party regarding such reimbursement of fees and expenses and
the Indemnifying Party shall have fully reimbursed the Indemnified Party for undisputed fees and
expenses. No Indemnifying Person shall, without the written consent of the Indemnified Person,
effect any settlement of any pending or threatened proceeding in respect of which any Indemnified
Person is or could have been a party and indemnification could have been sought hereunder by such
Indemnified Person, unless such settlement (A) includes an unconditional release of such
Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from
all liability on claims that are the subject matter of such proceeding and (B) does not include any
statement as to or any admission of fault, culpability or a failure to act by or on behalf of any
Indemnified Person.

     (d) If the indemnification provided for in paragraphs (a) and (b) above is unavailable to an
Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities
referred to therein, in each case other than as a result of express exclusions from the
indemnification obligations set forth therein, then each Indemnifying Person under such paragraph,
in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or
payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (i)
in such proportion as is appropriate to reflect the relative benefits received by the Company and
the Guarantors from the offering of the Securities and the Exchange Securities, on the one hand,
and by the Holders from

19

 

receiving Securities or Exchange Securities registered under the Securities Act, on the other hand,
or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such
proportion as is appropriate to reflect not only the relative benefits referred to in clause (i)
but also the relative fault of the Company and the Guarantors on the one hand and the Holders on
the other in connection with the statements or omissions that resulted in such losses, claims,
damages or liabilities, as well as any other relevant equitable considerations. The relative fault
of the Company and the Guarantors on the one hand and the Holders on the other shall be determined
by reference to, among other things, whether the untrue or alleged untrue statement of a material
fact or the omission or alleged omission to state a material fact relates to information supplied
by the Company and the Guarantors or by the Holders and the parties’ relative intent, knowledge,
access to information and opportunity to correct or prevent such statement or omission.

     (e) The Company, the Guarantors and the Holders agree that it would not be just and equitable
if contribution pursuant to this Section 5 were determined by pro rata allocation
(even if the Holders were treated as one entity for such purpose) or by any other method of
allocation that does not take account of the equitable considerations referred to in paragraph (d)
above. The amount paid or payable by an Indemnified Person as a result of the losses, claims,
damages and liabilities referred to in paragraph (d) above shall be deemed to include, subject to
the limitations set forth above, any legal or other expenses incurred by such Indemnified Person in
connection with investigating or defending any such action or claim. Notwithstanding the
provisions of this Section 5, in no event shall a Holder be required to contribute any amount in
excess of the amount by which the total price at which the Securities or Exchange Securities sold
by such Holder exceeds the amount of any damages that such Holder has otherwise been required to
pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No
Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any Person who was not guilty of such
fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 5
are several and not joint.

     (f) The remedies provided for in this Section 5 are not exclusive and shall not limit any
rights or remedies that may otherwise be available to any Indemnified Person at law or in equity.

     (g) The indemnity and contribution provisions contained in this Section 5 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 Initial Purchasers or any Holder or any Person
controlling any Initial Purchaser or any Holder, or by or on behalf of the Company or the
Guarantors or the officers or directors of or any Person controlling the Company or the Guarantors,
(iii)

20

 

acceptance of any of the Exchange Securities and (iv) any sale of Registrable Securities
pursuant to a Shelf Registration Statement.

     6. General.

     (a) No Inconsistent Agreements. The Company and the Guarantors represent, warrant and agree
that (i) the rights granted to the Holders hereunder do not in any way conflict with and are not
inconsistent with the rights granted to the holders of any other outstanding securities issued or
guaranteed by the Company or any Guarantor under any other agreement and (ii) neither the Company
nor any Guarantor has entered into, or on or after the date of this Agreement will enter into, any
agreement that is inconsistent with the rights granted to the Holders of Registrable Securities in
this Agreement or otherwise conflicts with the provisions hereof.

     (b) Amendments and Waivers. The provisions of this Agreement, including the provisions of
this sentence, may not be amended, modified or supplemented, and waivers or consents to departures
from the provisions hereof may not be given unless the Company and the Guarantors have obtained the
written consent of Holders of at least a majority in aggregate principal amount of the outstanding
Registrable Securities affected by such amendment, modification, supplement, waiver or consent;
provided that no amendment, modification, supplement, waiver or consent to any departure
from the provisions of Section 5 hereof shall be effective as against any Holder of Registrable
Securities unless consented to in writing by such Holder. Any amendments, modifications,
supplements, waivers or consents pursuant to this Section 6(b) shall be by a writing executed by
each of the parties hereto.

     (c) Notices. All notices and other communications provided for or permitted hereunder shall
be made in writing by hand-delivery, registered first-class mail, telex, telecopier, or any courier
guaranteeing overnight delivery (i) if to a Holder, at the most current address given by such
Holder to the Company by means of a notice given in accordance with the provisions of this Section
6(c), which address initially is, with respect to the Initial Purchasers, the address set forth in
the Purchase Agreement; (ii) if to the Company and the Guarantors, initially at the Company’s
address set forth in the Purchase Agreement and thereafter at such other address, notice of which
is given in accordance with the provisions of this Section 6(c); and (iii) to such other persons at
their respective addresses as provided in the Purchase Agreement and thereafter at such other
address, notice of which is given in accordance with the provisions of this Section 6(c). All such
notices and communications shall be deemed to have been duly given: at the time delivered by hand,
if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if
mailed; when answered back, if telexed; when receipt is acknowledged, if telecopied; and on the
next Business Day if timely delivered to an air courier guaranteeing overnight delivery.

21

 

     (d) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon
the successors, assigns and transferees of each of the parties, including, without limitation and
without the need for an express assignment, subsequent Holders; provided that nothing
herein shall be deemed to permit any assignment, transfer or other disposition of Registrable
Securities in violation of the terms of the Purchase Agreement or the Indenture. If any transferee
of any Holder shall acquire Registrable Securities in any manner, whether by operation of law or
otherwise, such Registrable Securities shall be held subject to all the terms of this Agreement,
and by taking and holding such Registrable Securities such Person shall be conclusively deemed to
have agreed to be bound by and to perform all of the terms and provisions of this Agreement and
such Person shall be entitled to receive the benefits hereof. The Initial Purchasers (in their
capacity as Initial Purchasers) shall have no liability or obligation to the Company or the
Guarantors with respect to any failure by a Holder to comply with, or any breach by any Holder of,
any of the obligations of such Holder under this Agreement.

     (e) Third Party Beneficiaries. Each Holder shall be a third party beneficiary to the
agreements made hereunder between the Company and the Guarantors, on the one hand, and the Initial
Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the
extent it deems such enforcement necessary or advisable to protect its rights or the rights of
other Holders hereunder.

     (f) Counterparts. This Agreement may be executed in any number of counterparts and by the
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same agreement.

     (g) Headings. The headings in this Agreement are for convenience of reference only, are not a
part of this Agreement and shall not limit or otherwise affect the meaning hereof.

     (h) Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the State of New York.

     (j) Entire Agreement; Severability. This Agreement contains the entire agreement between the
parties relating to the subject matter hereof and supersedes all oral statements and prior writings
with respect thereto. If any term, provision, covenant or restriction contained in this Agreement
is held by a court of competent jurisdiction to be invalid, void or unenforceable or against public
policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall
remain in full force and effect and shall in no way be affected, impaired or invalidated. The
Company, the Guarantors and the Initial Purchasers shall endeavor in good faith negotiations to
replace the invalid, void or unenforceable provisions with valid provisions the economic effect of
which

22

 

comes as close as possible to that of the invalid, void or unenforceable provisions.

23

 

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

	 	 	 	 	 	 	 
	 	 	CONEXANT SYSTEMS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Dennis E. O’Reilly	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Dennis E. O’Reilly	 	 
	 

	 	Title:
	 	Senior Vice President, Chief Legal
Officer and Secretary	 	 
	 

	 	 	 	 	 	 
	 	 	CONEXANT, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Dennis E. O’Reilly	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Dennis E. O’Reilly	 	 
	 

	 	Title:
	 	Vice President and Secretary	 	 
	 

	 	 	 	 	 	 
	 	 	BROOKTREE BROADBAND HOLDING, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Dennis E. O’Reilly	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Dennis E. O’Reilly	 	 
	 

	 	Title:
	 	President, Chief Executive
Officer and Chief Financial Officer	 	 
	 

	 	 	 	 	 	 
	 	 	FICON TECHNOLOGY, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Dennis E. O’Reilly	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Dennis E. O’Reilly	 	 
	 

	 	Title:
	 	Vice President and Secretary	 	 

24

 

Confirmed and accepted as of the date first above written:

J.P. MORGAN SECURITIES INC.

For itself and on behalf of the

several Initial Purchasers

	 	 	 	 	 
	By

	 	/s/ Dan Alster
 

          Authorized Signatory
	 	 

25

 

Schedule 1

Guarantors

Conexant, Inc.

Brooktree Broadband Holding, Inc.

Ficon Technology, Inc.

26

 

Annex A

Counterpart to Registration Rights Agreement

     The undersigned hereby absolutely, unconditionally and irrevocably agrees as a Guarantor (as
defined in the Registration Rights Agreement, dated as of November 13, 2006 by and among the
Company, a Delaware corporation, the guarantors party thereto and J.P. Morgan Securities Inc., on
behalf of itself and the other Initial Purchasers) to be bound by the terms and provisions of such
Registration Rights Agreement.

     IN WITNESS WHEREOF, the undersigned has executed this counterpart as of [______], 20[___].

	 	 	 	 	 
	 	[NAME]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:EX-4.D.1

 

Exhibit
4(d)(1)

[Form of Face of Security]

			
	 	 	 
	REGISTERED
	 	REGISTERED

PITNEY BOWES INC.

					
	 	 	 	 	 
	No. FXRA-
	 	GLOBAL MEDIUM-TERM NOTE
	 	CUSIP No. 72447XAB3
	 
	 	(Fixed Rate)	 	 
	 
	 	 	 	ISIN No. ___

     THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS DEFINED IN THE INDENTURE) OR A NOMINEE THEREOF.
THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER
OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH
DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY
SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF, TRANSFER OF, OR IN EXCHANGE FOR, OR IN
LIEU OF, THIS SECURITY WILL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED
CIRCUMSTANCES.

     UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY, TO THE
COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR OT SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

If applicable, the “Total Amount of OID”, “Original Yield to Maturity” and “Initial Accrual Period
OID” (computed under the Approximate Method) set forth below have been completed solely for the
purposes of applying Federal Income Tax Original Issue Discount (“OID”) Rules.

	 	 	 
	PRINCIPAL AMOUNT AND CURRENCY
(if other than U.S. dollars): $500,000,000

	 	EXCHANGE RATE AGENT: 
	 
	 	 
	DENOMINATIONS

	 	STATED MATURITY OF SECURITY: January 15, 2037
	(If other than U.S. dollars or the
U.S. dollar denominations set forth
on the reverse):

	 	 
	 
	 	 
	OPTION TO RECEIVE PAYMENT IN
SPECIFIED CURRENCY:

YES: ___ NO: X

	 	COMPUTATION PERIOD (if other
than a 360-day year of 12 30-day
months):
	ISSUE DATE: November 17, 2006

	 	REGULAR RECORD DATE(S) (if other than 15th

 

 

	 	 	 
	 

	 	day preceding the
applicable Interest Payment
Date): January 1 and July 1
	 
	 	 
	INTEREST RATE: 5.25% per annum

	 	REDEMPTION PERCENTAGE(S):
	 
	 	 
	INTEREST PAYMENT DATE(S): January 15
and July 15, commencing July 15,
2007

	 	REPAYMENT PERCENTAGE(S)
(option of Holder) (if other
than 100% of Principal Amount):
	 
	 	 
	REDEMPTION DATE(S): Any time

	 	ORIGINAL ISSUE DISCOUNT SECURITY:
	REPAYMENT DATE(S) (option of Holder):

	 	TOTAL AMOUNT OF OID:
	 
	 	 
	ORIGINAL YIELD TO MATURITY:

	 	INITIAL ACCRUAL PERIOD OID:
	 
	 	 
	 

	 	ISSUE PRICE:

OTHER PROVISIONS:

     1. Optional Repayment Notice Period.

     Each Note will be repayable in whole or in part in increments of $1,000 on January 15, 2017
(the “Put Date”) at the option of a holder of such Note, at 100% of its principal amount plus
accrued, but unpaid, interest to the Put Date.

     In order to exercise such option, a holder must, upon at least 30 calendar days’ notice prior
to the Put Date, instruct its direct or indirect participant through which it holds an interest in
the Notes to notify The Depository Trust Company (“DTC”) of its election to have the Notes repaid
in accordance with the then applicable operating procedures of DTC. DTC will in turn deliver such
notice to the Trustee, Citibank, N.A.

     DTC must receive any such notice from its participants no later than 5:00 p.m. (New York City
time) on the 30th calendar day prior to the Put Date.

     Different firms have different deadlines for accepting instructions from their customers. The
holder should consult the direct or indirect participant through which it holds an interest in the
Notes to ascertain the deadline for ensuring that timely notice will be delivered to DTC.

     All instructions from a holder of the Notes to its participant relating to this option to
elect repayment shall be irrevocable. Furthermore, at the time such instructions are given, such
holder of the Notes shall cause its participant to transfer such holder’s interest in the Notes, on
DTC’s records to that of Citibank, N.A., as Trustee.

     2. Make-Whole Redemption.

     The Company may redeem the Notes, at any time in whole or from time to time in part, at a
redemption price equal to the sum of 100% of the aggregate principal amount of the Notes being
redeemed, accrued but unpaid interest on those Notes to the redemption date, and the Make-Whole
Amount, if any, as defined below.

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     “Make-Whole Amount” means, in connection with any optional redemption, the excess, if
any, of (a) the aggregate present value as of the date of such redemption of each dollar of
principal being redeemed and the amount of interest, exclusive of interest accrued to the
date of redemption, that would have been payable in respect of each such dollar if such
redemption had not been made, determined by discounting, on a semiannual basis (assuming a
360-day year of twelve 30-day months), such principal and interest at the Reinvestment Rate,
determined on the third business day preceding the date notice of such redemption is given,
from the respective dates on which such principal and interest would have been payable if
such redemption had not been made, to the date of redemption, over (b) the aggregate
principal amount of the Notes being redeemed.

     “Reinvestment Rate” means 0.125% plus the arithmetic mean of the yields under the
heading “Week Ending” published in the most recent Statistical Release under the caption
“Treasury Constant Maturities” for the maturity, rounded to the nearest month, corresponding
to the remaining life to maturity, as of the payment date of the principal amount of the
Notes being redeemed. If no maturity exactly corresponds to such maturity, yields for the
two published maturities most closely corresponding to such maturity shall be calculated
pursuant to the immediately preceding sentence and the Reinvestment Rate shall be
interpolated or extrapolated from such yields on a straight-line basis, rounding in each of
such relevant periods to the nearest month. For the purposes of calculating the
Reinvestment Rate, the most recent Statistical Release published prior to the date of
determination of the Make-Whole Amount shall be used. If the format or content of the
Statistical Release changes in a manner that precludes determination of the Treasury yield
in the above manner, then the Treasury yield shall be determined in the manner that most
closely approximates the above manner, as reasonably determined by the Company.

     “Statistical Release” means the statistical release designated “H.15(519)” or any
successor publication which is published weekly by the Federal Reserve System and which
reports yields on actively traded United States government securities adjusted to constant
maturities, or, if such statistical release is not published at the time of any required
determination, then such other reasonably comparable index which shall be designated by the
Company.

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     Pitney Bowes Inc., a corporation duly organized and existing under the laws of the State
of Delaware (herein called the “Company”, which term includes any successor Person under the
Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., as
nominee for The Depository Trust Company, or registered assigns, the principal amount specified on
the Schedule of Increases or Decreases hereto (any currency specified above other than U.S. dollars
being hereinafter referred to as a “Specified Currency”) on the Stated Maturity specified above and
to pay interest thereon (computed, unless a different Computation Period is specified above, on the
basis of a 360-day year of twelve 30-day months), from and including the Issue Date specified above
(the “Issue Date”) or from and including the most recent Interest Payment Date to which interest on
this Security (or any predecessor Security) has been paid or duly provided for to, but excluding,
the Interest Payment Date, on the Interest Payment Date(s) specified above in each year (each an
“Interest Payment Date”) and at Maturity, at the rate per annum equal to the Interest Rate
specified above, until the principal hereof is paid or duly made available for payment; provided,
however, that, unless the Holder hereof is entitled to make, and has made, a Specified Currency
Payment Election (as hereinafter defined) with respect to one or more such payments, the Company
will make all such payments in respect of this Security in U.S. dollars in amounts determined as
set forth on the reverse hereof. The interest so payable, and punctually paid or duly provided for,
on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose
name this Security (or one or more predecessor Securities) is registered at the close of business
on the fifteenth day (whether or not a Market Day (as defined on the reverse hereof)) next
preceding such Interest Payment Date, unless a different Regular Record Date is specified above
(the “Regular Record Date”); provided, however, that interest payable at Maturity will be payable
to the Person to whom principal shall be payable; and provided, further, that, if the Issue Date
is after a Regular Record Date and before the next succeeding Interest Payment Date the first
payment of interest shall be payable on the second Interest Payment Date following the Issue Date
to the Person in whose name this Security (or one or more Predecessor Securities) is registered at
the close of business on the Regular Record Date immediately preceding such Interest Payment Date.

     Any interest on this Security that is payable but not punctually paid or duly provided for
(“defaulted interest”) on any Interest Payment Date shall forthwith cease to be payable to the
Registered Holder on the relevant Regular Record Date by virtue of such Holder having been a Holder
on such Regular Record Date. Such defaulted interest may be paid by the Company, at its election
in each case, as provided in clause (a) or clause (b) below:

     (a) The Company may elect to make payment of any defaulted interest to the persons in
whose names the Securities (or their respective predecessor Securities) are registered at
the close of business on a special record date for the payment of such defaulted interest,
which shall be fixed in the following manner. The Company shall notify the Trustee in
writing of the amount of defaulted interest proposed to be paid on each Security and the
date of the proposed payment and at the same time the Company shall deposit with the Trustee
funds equal to the aggregate amount proposed to be paid in respect of such defaulted
interest or shall make arrangements satisfactory to the Trustee for such deposit prior to
the date of the proposed payment. Such funds when deposited shall be held in trust for the
benefit of the persons entitled to such defaulted interest as provided in this clause (a).
Thereupon the Trustee promptly shall fix a special record date for the payment of such
defaulted interest in respect of the Securities, which shall be

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not more than 15 nor less than ten days prior to the date of the proposed payment. The
Trustee promptly shall notify the Company of such special record date and, in the name and
at the expense of the Company, shall cause notice of the proposed payment of such defaulted
interest and the special record date thereof to be mailed, first class postage prepaid, to
each Holder of Securities at his address as it appears in the Security register, not less
than ten days prior to such special record date. Notice of the proposed payment of such
defaulted interest and the special record date therefor having been mailed as aforesaid,
such defaulted interest in respect of the Securities shall be paid to the persons in whose
names the Securities (or their respective predecessor Securities) are registered on such
special record date and such defaulted interest shall no longer be payable pursuant to the
following clause (b).

     (b) The Company may make payment of any defaulted interest on the Securities in any
other lawful manner not inconsistent with the requirements of any securities exchange on
which the Securities may be listed, and upon such notice as may be required by such
exchange, if, after notice given by the Company to the Trustee of the proposed payment
pursuant to this clause, such payment shall be deemed practicable by the Trustee.

     If any Interest Payment Date or the Maturity specified on the face hereof falls on a day that
is not a Market Day with respect to this Security, the related payment of principal, premium, if
any, and/or interest will be made on the next succeeding Market Day as if made on the date such
payment was due, and no interest shall accrue on the amount so payable for the period from and
after such Interest Payment Date or Maturity, as the case may be.

     If (a) this Security is payable in U.S. dollars or (b) this Security is payable in a Specified
Currency and (i) the Holder is not entitled to make, or has not made, a Specified Currency Payment
Election and the Exchange Rate Agent is able to convert the Specified Currency into U.S. dollars or
(ii) the Specified Currency is unavailable to the Company because of the imposition of exchange
controls or other circumstances beyond the control of the Company, then payment of the principal of
(and premium, if any) and interest on this Security will be made at the designated office of the
Trustee at Citibank, N.A. 111 Wall Street, 15th Floor, New York, New York 10005 (the “Designated
Office”), or such other office or agency of the Company maintained by it for that purpose in the
Borough of Manhattan, The City of New York, in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public or public debts; provided,
however, that payment of the principal of (and premium, if any) and interest due on this Security
at Maturity will be made in immediately available funds at such Designated Office or other office
or agency if this Security is presented to the Trustee in time for the Trustee to make such
payments in accordance with its normal procedures; and provided, further, that, unless this
Security is a Global Security, at the option of the Company payment of interest due on this
Security on an Interest Payment Date other than Maturity may be made by check mailed to the address
of the Holder as such address shall appear in the Security Register; or by wire transfer to an
account maintained by such Holder with a bank located in the United States, provided that such
Holder shall have provided in writing to the Trustee, on or prior to the relevant Regular Record
Date, appropriate payment instructions.

5

 

Notwithstanding the foregoing, if this Security is a Global Security, all payments due on this
Security will be made in immediately available funds to the Holder.

     If this Security is payable in a Specified Currency and (i) the Holder hereof is entitled to
make, and has made, a Specified Currency Payment Election with respect to such payments and (ii)
either the Specified Currency is available to the Company or is not available to the Company for
any reason other than the imposition of exchange controls or other circumstances beyond the control
of the Company, then (x) the payment of interest due on this Security on any Interest Payment Date
other than Maturity will be made in the Specified Currency (or, if such Specified Currency is not
at the time of such payment legal tender for the payment of public and private debts, in such other
coin or currency of the country which issued such Specified Currency as at the time of such payment
is legal tender for the payment of such debts) by check drawn upon a bank office located outside
the United States and mailed to the address of the Person entitled thereto as such address shall
appear in the Security Register, and (y) payment of principal (and premium, if any) and interest
due at Maturity will be made in such Specified Currency (or, if applicable, such other coin or
currency) by wire transfer of immediately available funds to an account maintained by the Holder
hereof with a bank office located in the country which issued the Specified Currency upon
presentation of this Security to the Trustee in time for such wire transfer to be made by the
Trustee in accordance with its normal procedures. If this Security is payable in a Specified
Currency, the Holder hereof may elect, if specified above, to receive payments of principal of (and
premium, if any) and interest on this Security in such Specified Currency (a “Specified Currency
Payment Election”) by delivery of a written request (including, in the case of an election with
respect to payments at Maturity, appropriate wire transfer instructions) to the Trustee at its
Designated Office referred to above on or prior to the relevant Regular Record Date or the
fifteenth day prior to Maturity, as the case may be. Such request may be in writing (mailed or hand
delivered) or by facsimile transmission. In such circumstance, the Holder may elect to receive
payment in the Specified Currency for all payments of principal (and premium, if any) and interest
and need not file a separate election for each payment. Such election will remain in effect until
revoked by written notice to the Trustee, but written notice of any such revocation must be
received by the Trustee on or prior to the relevant Regular Record Date or the fifteenth day prior
to Maturity, as the case may be. If this Security is a Global Security, the Holder shall be
entitled to make a Specified Currency Payment Election with respect to all or any part of the
principal amount of this Security and in such circumstances, as well as the circumstances referred
to in clause (ii) above, all payments due on this Security will be made in immediately available
funds in the Specified Currency to the Holder. Reference herein to the Specified Currency shall be
deemed to include such other coin or currency as at the time of any payment with respect to this
Security is legal tender for the payment of public and private debts in the country issuing the
Specified Currency at the time this Security was originally issued.

     Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

     Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.

6

 

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed by manual or
facsimile signature under its corporate seal.

	 	 	 	 	 	 	 	 	 
	 	 	PITNEY BOWES INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Bruce P. Nolop	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief
Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Helen Shan	 	 
	 

	 	 	 	Title:
	 	Vice President and Treasurer	 	 

	 	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	Dated:
	 	 	 	 
	 

	 	 

	 	 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

     This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.

	 	 	 	 	 	 	 
	 	 	CITIBANK, N.A.,	 	 
	 	 	as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Authorized Signatory
	 	 

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Form of Reverse of Security

          This Security is one of a duly authorized issue of securities of the Company (the
“Securities”) issued and to be issued in one or more series under the Indenture dated as of
February 14, 2005 (as supplemented, amended and restated from time to time, the “Indenture”)
between the Company and Citibank, N.A., as Trustee (herein called the “Trustee”, which term
includes any successor trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitations
of rights, duties and immunities thereunder of the Company, the Trustee, the Holders of the
Securities and of the terms upon which the Securities are, and are to be, authenticated and
delivered. This Security is one of the series designated on the face hereof, limited initially to
an aggregate principal amount not to exceed U.S. $2,100,000,000 (or, if Securities of this series
are to be Original Issue Discount Securities or are to be denominated in one or more Specified
Currencies with amounts payable in respect of principal of or any premium or interest to be
determined by reference to the value, rate or price of one or more specified indices (“Indexed
Securities”), such principal amount as shall result in an aggregate initial offering price of
Securities equivalent to no more than U.S. $2,100,000,000), which amount may be increased at the
option of the Company without notice to, or the consent of, Holders if in the future it determines
that it may wish to sell additional Securities of the same series. Except as otherwise may be
stated on the face hereof, the Securities of this series are issuable only as registered
Securities, without coupons, in denominations of $1,000 and integral multiples thereof (or in the
case of Securities denominated in a Specified Currency, in such minimum denominations not less than
1,000 units of such Specified Currency and integral multiples of 1,000 units or such other
denominations as shall be set forth on the face thereof). The Securities of this series may be
issued from time to time in various principal amounts and currencies, may mature at different
times, may bear interest at different rates or formulas, may be subject to different redemption or
repayment provisions, if any, and may otherwise vary.

     The Securities are general, direct, unconditional, unsecured and unsubordinated obligations of
the Company.

     If this Security is designated on the face hereof as an Original Issue Discount Security,
then, notwithstanding anything to the contrary contained in this Security, upon the redemption,
repayment or acceleration of Maturity of this Security there shall be payable, in lieu of the
principal amount due at the Stated Maturity hereof, as specified on the face hereof, an amount
equal to the Amortized Face Amount of this Security. The “Amortized Face Amount” shall be the
amount equal to (a) the Issue Price specified on the face hereof plus (b) that portion of the
difference between the issue price and the principal amount of this Security that has been
amortized at the Stated Yield (as defined below) of this Security (computed in accordance with
generally accepted United States bond yield computation principles) at the date as of which the
Amortized Face Amount is calculated, but in no event shall the Amortized Face Amount exceed the
principal amount of this Security due at the Stated Maturity hereof. As used in the previous
sentence, “Stated Yield” means the Yield to Maturity specified on the face hereof (or if not so
specified, the yield to maturity compounded semi-annually and computed in accordance with generally
accepted United States bond yield computation principles) for the period from the Issue Date to the
Stated Maturity on the basis of the issue price and such principal amount.

8

 

     If this Security is payable in a Specified Currency, unless (i) the Holder hereof is entitled
to make, and has made, a Specified Currency Payment Election with respect to such payments as
provided on the face hereof and (ii) either the Specified Currency is available to the Company or
is not available to the Company for any reason other than the imposition of exchange controls or
other circumstances beyond the control of the Company, then the Holder of this Security shall
receive payments of principal (and premium, if any) and interest in U.S. dollars at an exchange
rate based on the highest bid quotation in The City of New York received by the Exchange Rate Agent
(who, unless otherwise specified on the face hereof, shall be the Trustee) at approximately 11:00
A.M., New York City time, on the second Market Day preceding the applicable payment date from three
recognized foreign exchange dealers (one of which may be the Exchange Rate Agent (or a distributor)
or an affiliate thereof selected by the Exchange Rate Agent and approved by the Company for the
purchase by the quoting dealer of the Specified Currency for U.S. dollars for settlement on such
payment date in the aggregate amount of such Specified Currency payable to all Holders of
Securities of this series payable in such Specified Currency and scheduled to receive U.S. dollar
payments on such payment date and at which the applicable dealer commits to execute a contract.
All currency exchange costs incurred by the Company in converting a Specified Currency into U.S.
dollars in order to make payments hereon will be borne by the Holder of this Security by deductions
from such payments. If the Exchange Rate Agent determines that such bid quotations are not
available, payments will be made in the Specified Currency; provided, however, that if the Holder
is entitled to make, and has made the applicable Specified Currency Payment Election but the
Specified Currency (or, if applicable, such other coin or currency) is not available to the Company
due to the imposition of exchange controls or other circumstances beyond the Company’s control, the
Company will be entitled to make payments in U.S. dollars on the basis of the noon buying rate for
cable transfers in The City of New York as certified for customs purposes by (or, if not so
certified, as otherwise determined by) the Federal Reserve Bank of New York (the “Market Exchange
Rate”) for such Specified Currency on the second Market Day prior to such payment or, if such
Market Exchange Rate is not then available, on the basis of the most recently available Market
Exchange Rate or as otherwise indicated on the face hereof.

     “Market Day” means (i) any day that is a Business Day in The City of New York, (ii) if this
Security is payable in a Specified Currency (other than euro), any day that is also a Business Day
in the Principal Financial Center in the country issuing the Specified Currency and (iii) if this
Security is payable in euro, any day that is also a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer, or TARGET, System or any successor system is open for
business.

     “Business Day”, when used with respect to any place, means each Monday, Tuesday, Wednesday,
Thursday and Friday which is not a day on which banking institutions in that place are authorized
or obligated by law to close.

     “Principal Financial Center” means, the capital city of the country issuing the Specified
Currency of the particular note; provided, however, that with respect to United States dollars,
Australian dollars, Canadian dollars, South African rand and Swiss francs, the “principal

9

 

financial center” shall be The City of New York, Sydney, Toronto, Johannesburg and Zurich,
respectively.

     If one or more Redemption Dates (or ranges of Redemption Dates) is specified on the face
hereof, this Security is subject to redemption, in whole or (in authorized denominations) in part,
upon at least 30 days’ and not more than 60 days’ notice by mail, on any such date (or during any
such range of dates), as a whole or from time to time in part, at the election of the Company, at a
Redemption Price determined as provided in the next succeeding sentence, together with interest
accrued to the Redemption Date; provided, however, that installments of interest the Stated
Maturity of which is on or prior to the Redemption Date will be payable to the Holder of record
hereof (or one or more predecessor Securities) at the close of business on the relevant Regular
Record Dates referred to on the face hereof, all as provided in the indenture. If applicable, the
“Redemption Price” for any such redemption shall be the amount determined by multiplying the
Redemption Percentage specified on the face hereof with respect to the relevant Redemption Date (or
range of such dates) by the portion of the principal amount hereof (or, if this Security is an
Original Issue Discount Security, the portion of the Amortized Face Amount hereof) to be redeemed;
provided, however, that in no event shall the Redemption Price be less than 100% of the portion of
the principal amount hereof (or, if this Security is an Original Issue Discount Security, the
portion of the Amortized Face Amount hereof) to be redeemed.

     Notice of redemption having been given as aforesaid, this Security (or the portion of the
principal amount hereof so to be redeemed) shall, on the Redemption Date, become due and payable at
the Redemption Price herein specified, and from and after such date (unless the Company shall
default in the payment of the Redemption Price and accrued interest) shall cease to bear interest.

     In the case of any partial redemption at the election of the Company of Securities of this
series, the Securities of a particular tenor to be redeemed shall be selected by the Trustee at
least 60 days prior to the Redemption Date by such method as the Trustee shall deem fair and
appropriate and which may provide for the selection for redemption of portions of the principal
amount of Securities. In the event of any redemption of this Security in part only, a new Security
or Securities of this series of like tenor for the unredeemed portion hereof will be issued in the
name of the Holder hereof upon the cancellation hereof, provided that such unredeemed portion shall
be an authorized denomination for Securities of this series and provided, that if at the time of
redemption such Securities are registered as a Global Security, the Depositary shall determine, in
accordance with its procedures, the principal amount of such Securities held by each Holder to be
redeemed.

     If one or more Repayment Dates (option of Holder) (or ranges of such dates) is specified on
the face hereof, this Security is subject to repayment on any such date (or during any such range)
or, if such date is not a Market Day, on the first Market Day following such date, as a whole or
from time to time in part, at the election of the Holder, at the Repayment Price determined as
provided in the next sentence together with interest accrued to the Repayment Date; provided,
however, that interest installments the Stated Maturity of which is on or prior to the Repayment
Date will be payable to the Holder hereof at the close of business on the Regular Record Date
referred to on the face hereof. If applicable, the “Repayment Price” for any such repayment shall
be determined by multiplying the Repayment Percentage (option of Holder),

10

 

specified on the face hereof with respect to the relevant Repayment Date (option of Holder)
(or range of such dates) by the portion of the principal amount hereof (or, if this Security is an
Original Issue Discount Security, the portion of the Amortized Face Amount hereof) to be repaid,
together with the interest accrued thereon to the Repayment Date; provided, however, that in no
event shall the Repayment Price be less than 100% of the portion of the principal amount hereof
(or, if this Security is an Original Issue Discount Security, the portion of the Amortized Face
Amount hereof) to be repaid.

     Unless so indicated on the face hereof, this Security will not be subject to redemption
through operation of a sinking fund.

     If an Event of Default with respect to the Securities of this series shall occur and be
continuing, the principal of the Securities of this series (or, in the case of Original Issue
Discount Securities the Amortized Face Amount thereof) may be declared due and payable in the
manner and with the effect provided in the Indenture. Upon payment (i) of the amount of principal
so declared due and payable and (ii) of interest on any overdue principal, premium and interest (in
each case to the extent that the payment of such interest shall be legally enforceable), all of the
Company’s obligations in respect of the payment of the principal of and premium and interest on the
Securities of this series shall terminate.

     Any payment made in U.S. dollars under the circumstances specified in this Security permitting
payment in the U.S. dollars although originally required to be paid in the Specified Currency will
not constitute an Event of Default under the Indenture.

     The Indenture contains provisions for defeasance at any time of the entire indebtedness on
this Security, or certain restrictive covenants and Events of Default with respect to this
Security, in each case upon compliance by the Company with certain conditions set forth therein.

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of the majority in principal amount of the Securities at
the time Outstanding of each series to be affected. The Indenture also contains provisions
permitting the Holders of specified percentages in principal amount of the Securities of each
series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain past defaults under
the Indenture and their consequences. Any such consent or waiver by the Holder of this Security
shall be conclusive and binding upon such Holder and upon all future Holders of this Security and
of any Security issued upon the registration of transfer hereof or in exchange therefor or in lieu
hereof, whether or not notation of such consent or waiver is made upon this Security.

     As provided in and subject to the provisions of the Indenture, the Holder of this Security
shall not have the right to institute any proceeding with respect to the Indenture or for the
appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall
have previously given the Trustee written notice of a continuing Event of Default with respect to
the Securities of this series, the Holders of not less than 25% in principal amount of the

11

 

Securities of this series at the time Outstanding shall have made written request to the
Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the
Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a
majority in principal amount of Securities of this series at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days
after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any
suit instituted by the Holder of this Security for the enforcement of any payment of principal
hereof or any premium or interest hereon on or after the respective due dates expressed herein.

     No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of and any premium and interest on this Security at the times, place and rate, and in
the coin or currency, herein prescribed.

     As provided in the Indenture and subject to certain limitations therein and herein set forth,
the transfer of this Security is registrable in the Security register. Upon surrender of this
Security for registration of transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, if this Security is duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company
and the Security registrar duly executed by, the Holder hereof or his attorney duly authorized in
writing, thereupon one or more new Securities of this series and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

     As provided in the Indenture and subject to certain limitations therein and herein set forth,
the Securities of this series are exchangeable for a like aggregate principal amount of Securities
of this series and of like tenor of a different authorized denomination, as requested by the Holder
surrendering the same.

     No service charge shall be made for any registration of transfer or exchange of this Security,
but the Company may require payment of a sum sufficient to cover any tax or other governmental
charge payable in connection therewith.

     Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security is
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

     This Security shall be deemed to be a contract under the internal laws of the State of New
York (other than principles of law that would apply the law of another jurisdiction), and for all
purposes shall be construed and enforced in accordance with and governed by the laws of said State.

     All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

12

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL MEDIUM-TERM NOTE

The following increases or decreases in this Global Medium-Term Note have been made:

	 	 	 	 	 	 	 	 	 
	Date

	 	 	 	Amount of
	 	Amount of this	 	 
	 

	 	Amount of Increase
	 	Decrease in
	 	Global Medium-
	 	Signature of
	 

	 	in Principal
	 	Principal Amount
	 	Term Note
	 	Authorized Officer
	 

	 	Amount of this
	 	of this Global
	 	Following Such
	 	of Trustee or
	 

	 	Global Medium-
	 	Medium-Term
	 	Increase or
	 	Securities
	 

	 	Term Note
	 	Note
	 	Decrease
	 	Custodian

13

 

ABBREVIATION

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

	 	 	 	 	 
	TEN COM	 	- as tenants in common
	TEN ENT	 	- as tenants by the entireties
	JT TEN	 	- as joint tenants with right of survivorship and not as tenants in common
	UNIF GIFT MIN ACT -                     (Custodian) Custodian                      (Minor)
	Under Uniform Gifts to Minors Act (                    ) (State)	 	 
	Additional abbreviations may also be used though not in the above list.
	FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
	 
	 	 	 	 
	 	 	 
	(please insert social security or other identifying number of assignee)
	 
	 	 	 	 
	 	 	 
	(please print or typewrite name and address including postal zip code of assignee)
the within Security and all rights thereunder, hereby irrevocably constituting and appointing

	 	 	 	 	 
	 	 	 
	attorney to transfer said Note on the books of the Company, with full power of substitution in the
premises.
	Dated: 
	 	 	 	 
	 

	 

	 	 
	NOTICE: The signature to this assignment must correspond with the name as written upon the face of
the within instrument in every particular, without alteration or enlargement or any change
whatever.

14

 

OPTION TO ELECT REPAYMENT

     The undersigned Holder hereby irrevocably requests and instructs [Insert Name of Company] to
repay the within Security (or portion thereof specified below) pursuant to its terms at the
Repayment Price plus any accrued interest, to the undersigned Holder at

	 	 	 	 	 
	 	 	 
	(please print or typewrite name and address including postal zip code of the undersigned Holder)
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	If less than the entire principal amount of the within Security is to be repaid, specify the
portion thereof which the undersigned Holder elects to have repaid:
	 
	 	 	 	 
	 	 	 
	and specify the denomination or denominations (which shall not be less than the minimum authorized
denomination) of the Securities to be issued to the undersigned Holder for the portion of the
within Security not being repaid (in the absence of any such specification, one such Security will
be issued for the portion not being repaid):
	 
	 	 	 	 
	 	 	 
	Date:
	 	 	 	 
	 

	 	 

	 	 
	NOTICE: This signature on this Option to Elect Repayment must correspond with the name as written
upon the face of the within instrument in every particular without alteration or enlargement.

15

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