Document:

Exhibit 4.7

 

 

REGISTRATION
RIGHTS AGREEMENT

 

Dated as of September 22,
2009

 

Among

 

MXENERGY HOLDINGS
INC.

 

and

 

THE GUARANTORS
NAMED HEREIN

 

as Issuers,

 

and

 

the holders of the
13.25% Senior Subordinated Secured Notes due 2014

 

 

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  1.

  	
  Definitions

  	
  1

  
	
   

  	
   

  	
   

  
	
  2.

  	
  Exchange Offer

  	
  5

  
	
   

  	
   

  	
   

  
	
  3.

  	
  Shelf Registration

  	
  8

  
	
   

  	
   

  	
   

  
	
  4.

  	
  Demand Registration

  	
  10

  
	
   

  	
   

  	
   

  
	
  5.

  	
  Additional Interest

  	
  12

  
	
   

  	
   

  	
   

  
	
  6.

  	
  Registration Procedures

  	
  14

  
	
   

  	
   

  	
   

  
	
  7.

  	
  Registration Expenses

  	
  22

  
	
   

  	
   

  	
   

  
	
  8.

  	
  Indemnification and
  Contribution

  	
  23

  
	
   

  	
   

  	
   

  
	
  9.

  	
  Rules 144 and 144A

  	
  27

  
	
   

  	
   

  	
   

  
	
  10.

  	
  Underwritten
  Registrations

  	
  27

  
	
   

  	
   

  	
   

  
	
  11.

  	
  Joinder Agreement

  	
  27

  
	
   

  	
   

  	
   

  
	
  12.

  	
  Miscellaneous

  	
  28

  
	
   

  	
   

  	
   

  
	
  Schedule 1        List
  of Guarantors

  	
   

  
	
  Annex A           Form
  of Joinder Agreement

  	
   

  

 

i

 

REGISTRATION
RIGHTS AGREEMENT

 

This Registration Rights
Agreement (this “Agreement”) is dated as of September 22, 2009,
among MXENERGY HOLDINGS INC., a Delaware corporation (the “Company”),
the subsidiaries of the Company listed on Schedule 1 hereto
(collectively, and together with any entity that in the future executes a supplemental
indenture pursuant to which such entity agrees to guarantee the Notes (as
hereinafter defined), the “Guarantors,” and together with the Company,
the “Issuers”) and the holders (collectively with any Transferee (as
defined herein) that becomes a party to this Agreement pursuant to Section 11
hereof, the “Note Holders”) of the 13.25% Senior Subordinated Secured
Notes due 2014 (the “Notes”) guaranteed on a senior subordinated secured
basis by the Guarantors (the “Guarantees”).

 

This Agreement is entered
into in connection with the Company’s Second Amended and Restated Offering
Memorandum and Consent Solicitation Statement, dated August 27, 2009, as
the same may be amended or supplemented from time to time (the “Offering Memorandum”),
which provides for, among other things, the exchange (the “Exchange Offer”)
of the Company’s Floating Rate Senior Notes due 2011 (the “Existing Notes”)
for, among other things, Notes. In order to induce the Note Holders to
consummate the Exchange Offer, the Issuers have agreed to provide the
registration rights set forth in this Agreement for the benefit of the Note
Holders and any subsequent holder or holders of the Notes.  The execution and delivery of this Agreement
is a condition to the Exchange Offer pursuant to the Offering Memorandum.

 

The parties hereby agree as follows:

 

1.                                      Definitions

 

As used in this
Agreement, the following terms shall have the following meanings:

 

Additional Interest: 
See Section 5(a) hereof.

 

Advice: 
See the last paragraph of Section 6 hereof.

 

Affiliate Holder: See Section 2(d) hereof.

 

Agreement: 
See the introductory paragraphs hereto.

 

Applicable Period: 
See Section 2(b) hereof.

 

Application: 
See Section 8(a) hereof.

 

Business Day: 
Any day that is not a Saturday, Sunday or a day on which banking
institutions in New York are authorized or required by law to be closed.

 

Company: 
See the introductory paragraphs hereto.

 

 

Demand Notes: See Section 4(a) hereof.

 

Demand Notice: See Section 2(d) hereof.

 

Demand Effectiveness Date: See Section 4(b) hereof.

 

Demand Effectiveness
Period: See Section 4(b) hereof.

 

Demand Registration: See Section 4(a) hereof.

 

Demand Registration
Statement. See Section 4(a) hereof.

 

Demand Response Date: See Section 4(a) hereof.

 

Demand Suspension Period: See Section 4(b) hereof.

 

Event Date: 
See Section 5(b) hereof.

 

Exchange Act: 
The Securities Exchange Act of 1934, as amended, and the rules and
regulations of the SEC promulgated thereunder.

 

Exchange Notes: 
See Section 2(a) hereof.

 

Exchange Offer: 
See Section 2(a) hereof.

 

Exchange Offer
Registration Statement:  See Section 2(a) hereof.

 

FINRA: 
See Section 6(s) hereof.

 

Freely Tradable: 
With respect to a Note (and the related Guarantee), a Note (and the
related Guarantee) that at any time of determination, if it were not held by an
affiliate (as defined in Rule 405) of the Company, (i) may be resold
to the public without volume restrictions in accordance with Rule 144 or
any successor provision thereof (whether or not the Company has failed to file
any reports under the Exchange Act) or otherwise, (ii) does not bear any
restrictive legends relating to the Securities Act and (iii) does not bear
a restricted CUSIP number.

 

Free Writing Prospectus: 
Each free writing prospectus (as defined in Rule 405) prepared by
or on behalf of the Company or used or referred to by the Company in connection
with the sale of the Notes or the Exchange Notes.

 

Guarantees: 
See the introductory paragraphs hereto.

 

Guarantors: 
See the introductory paragraphs hereto.

 

Holder: 
Any holder of a Registrable Note or Registrable Notes.

 

2

 

Indenture: 
The Indenture, dated as of September 22, 2009, by and among the
Company, the Guarantors, and Law Debenture Trust Company of New York, as
Trustee, pursuant to which the Notes are being issued, as amended or
supplemented from time to time in accordance with the terms thereof.

 

Information: 
See Section 6(o) hereof.

 

Initial Shelf
Registration:  See Section 3(a) hereof.

 

Inspectors: 
See Section 6(o) hereof.

 

Issue Date:  September 22,
2009, the date of original issuance of the Notes.

 

Issuers: 
See the introductory paragraphs hereto.

 

Note Holders: See the introductory paragraphs hereto.

 

Notes: 
See the introductory paragraphs hereto.

 

Participant: 
See Section 8(a) hereof.

 

Participating
Broker-Dealer:
See Section 2(b) hereof.

 

Person: 
An individual, trustee, corporation, partnership, limited liability company,
joint stock company, trust, unincorporated association, union, business
association, firm or other legal entity.

 

Prospectus: 
The prospectus included in any Registration Statement (including,
without limitation, any prospectus subject to completion and a prospectus that
includes any information previously omitted from a prospectus filed as part of
an effective registration statement in reliance upon Rule 430A under the
Securities Act and any “issuer free writing prospectus” as defined in Rule 433
under the Securities Act), as amended or supplemented by any prospectus
supplement, and all other amendments and supplements to the Prospectus, including
post-effective amendments, and all material incorporated by reference or deemed
to be incorporated by reference in such Prospectus.

 

Records: 
See Section 6(o) hereof.

 

Registrable Notes: 
Each Note (and the related Guarantee) upon its original issuance and at
all times subsequent thereto, until, in each case, the earliest to occur of (i) a
Registration Statement covering such Note has been declared effective by the
SEC and such Note (and the related Guarantee) has been disposed of in
accordance with such effective Registration Statement, (ii) such Note has
been exchanged pursuant to the Exchange Offer for an Exchange Note, (iii) such
Note (and the related Guarantee) ceases to be outstanding for purposes of the Indenture
or (iv) such Note (and the related Guarantee) is not held by an affiliate
(as defined in Rule 405) of the Company and is Freely Tradable.

 

3

 

Registration Statement: 
Any registration statement of the Company that covers any of the Notes
or the Exchange Notes (and the related Guarantees) filed with the SEC under the
Securities Act, including the Prospectus, amendments and supplements to such
registration statement, including post-effective amendments, all exhibits, and
all material incorporated by reference or deemed to be incorporated by
reference in such registration statement.

 

Registration Trigger Date: 
The fifth Business Day following the one-year anniversary of the Issue
Date.

 

Regulatory Requirements: 
See the last paragraph of Section 1 hereof.

 

Rule 144:  Rule 144
under the Securities Act.

 

Rule 144A:  Rule 144A
under the Securities Act.

 

Rule 405:  Rule 405
under the Securities Act.

 

Rule 415:  Rule 415
under the Securities Act.

 

Rule 424:  Rule 424
under the Securities Act.

 

SEC: 
The U.S. Securities and Exchange Commission.

 

Securities Act: 
The Securities Act of 1933, as amended, and the rules and regulations
of the SEC promulgated thereunder.

 

Shelf Effectiveness Date: See Section 3(a) hereof.

 

Shelf Effectiveness
Period:  See Section 3(a) hereof.

 

Shelf Notice: 
See Section 2(c) hereof.

 

Shelf Registration: 
See Section 3(b) hereof.

 

Shelf Registration
Statement:  Any Registration Statement relating to a
Shelf Registration.

 

Shelf Suspension Period: 
See Section 3(a) hereof.

 

Subsequent Shelf
Registration:  See Section 3(b) hereof.

 

TIA: 
The Trust Indenture Act of 1939, as amended.

 

Trustee:  The trustee under the Indenture and the
trustee (if any) under any indenture governing the Exchange Notes (and the
related Guarantees).

 

4

 

Underwritten registration
or underwritten offering:  A registration in which securities
of the Company are sold to an underwriter for reoffering to the public.

 

Except as otherwise
specifically provided, all references in this Agreement to acts, laws,
statutes, rules, regulations, releases, forms, no-action letters and other
regulatory requirements (collectively, “Regulatory Requirements”) shall
be deemed to refer also to any amendments thereto and all subsequent Regulatory
Requirements adopted as a replacement thereto having substantially the same
effect therewith; provided that Rule 144 shall not be deemed to
amend or replace Rule 144A.

 

2.                                      Exchange Offer

 

(a)                                 Unless the Exchange Offer would violate
applicable law or any applicable interpretation of the staff of the SEC, with
respect to any Notes that on the Registration Trigger Date are Registrable
Notes, the Issuers shall use their respective commercially reasonable efforts
to file with the SEC a Registration Statement (the “Exchange Offer
Registration Statement”) on an appropriate registration form with respect
to a registered offer (the “Exchange Offer”) to exchange any and all of
the Registrable Notes for a like aggregate principal amount of debt securities
of the Company (the “Exchange Notes”), guaranteed on a senior secured
subordinated basis by the Guarantors, that are identical in all material
respects to the Notes, except that (i) the Exchange Notes shall contain no
restrictive legend thereon and (ii) interest thereon shall accrue from the
last date on which interest was paid on the Notes or, if no such interest has
been paid, from the Issue Date, and which are entitled to the benefits of the
Indenture or a trust indenture which is identical in all material respects to
the Indenture (other than such changes to the Indenture or any such identical
trust indenture as are necessary to comply with the TIA) and which, in either
case, has been qualified under the TIA. 
The Exchange Offer shall comply in all material respects with all applicable
tender offer rules and regulations under the Exchange Act and other
applicable laws.  The Issuers shall (x) use
their respective commercially reasonable efforts to cause the Exchange Offer
Registration Statement to be declared effective under the Securities Act; (y) keep
the Exchange Offer open for at least 20 Business Days (or longer if required by
applicable law) after the date that notice of the Exchange Offer is mailed to
Holders; and (z) consummate the Exchange Offer on or prior to the 45th day
following the effectiveness of the Exchange Offer Registration Statement.

 

Each Holder who
participates in the Exchange Offer (including, without limitation, each
Participating Broker-Dealer) will be required to represent to the Issuers in
writing (which may be contained in the applicable letter of transmittal) that: (i) any
Exchange Notes acquired in exchange for Registrable Notes tendered are being
acquired in the ordinary course of business of the Person receiving such
Exchange Notes, whether or not such recipient is such Holder itself; (ii) at
the time of the commencement or consummation of the Exchange Offer neither such
Holder nor, to the actual knowledge of such Holder, any other Person receiving
Exchange Notes from such Holder has an arrangement or understanding with any
Person to participate in the “distribution” (within the meaning of the
Securities Act) of the Exchange Notes in violation of the provisions of the
Securities Act; (iii) neither the Holder nor, to the actual knowledge

 

5

 

of such Holder, any other
Person receiving Exchange Notes from such Holder is an “affiliate” (as defined
in Rule 405) of the Company; (iv) neither such Holder nor, to the
actual knowledge of such Holder, any other Person receiving Exchange Notes from
such Holder is engaging in or intends to engage in a distribution of the
Exchange Notes; and (v) if such Holder is a Participating Broker-Dealer,
such Holder has acquired the Registrable Notes as a result of market-making
activities or other trading activities and that it will comply with the
applicable provisions of the Securities Act (including, but not limited to, the
prospectus delivery requirements thereunder) in connection with any resale of
the Exchange Notes.

 

Upon consummation of the
Exchange Offer in accordance with this Section 2, the provisions of this
Agreement shall continue to apply, mutatis  mutandis, solely with
respect to Exchange Notes as to which Section 2(d) and Section 4
are applicable, and the Company shall have no further obligation to register
Registrable Notes (other than Registrable Notes as to which Section 2(d) and
Section 4 hereof apply) pursuant to Section 3 hereof.

 

No securities other than
the Exchange Notes (and related guarantees) shall be included in the Exchange
Offer Registration Statement.  Notwithstanding
anything to the contrary contained herein, no “affiliate” (as defined in Rule 405)
of the Company shall be entitled or permitted to participate in the Exchange
Offer or to have such Holder’s Registrable Notes included in an Exchange Offer
Registration Statement.

 

(b)                                 The Issuers shall include within the
Prospectus contained in the Exchange Offer Registration Statement a section
entitled “Plan of Distribution,” which shall contain a summary statement of the
positions taken or policies made by the staff of the SEC with respect to the
potential “underwriter” status of any broker-dealer that is the “beneficial
owner” (as defined in Rule 13d-3 under the Exchange Act) of Exchange Notes
received by such broker-dealer in the Exchange Offer (a “Participating
Broker-Dealer”), whether such positions or policies have been publicly disseminated
by the staff of the SEC or such positions or policies represent the prevailing
views of the staff of the SEC.  Such “Plan
of Distribution” section shall also expressly permit, to the extent permitted by
applicable policies and regulations of the SEC, the use of the Prospectus by
all Persons subject to the prospectus delivery requirements of the Securities
Act, including, to the extent permitted by applicable policies and regulations
of the SEC, all Participating Broker-Dealers, and include a statement
describing the means by which Participating Broker-Dealers may resell the
Exchange Notes in compliance with the Securities Act.

 

The Issuers shall use
their respective commercially reasonable efforts to keep the Exchange Offer
Registration Statement effective and to amend and supplement the Prospectus
contained therein in order to permit such Prospectus to be lawfully delivered
by all Persons subject to the prospectus delivery requirements of the
Securities Act for such period of time as is necessary to comply with
applicable law in connection with any resale of the Exchange Notes; provided,
however, that such period shall not be required to exceed 90 days or
such longer period if extended pursuant to the last paragraph of Section 6
hereof (the “Applicable Period”).

 

6

 

In connection with the Exchange Offer, the Issuers
shall:

 

(1)           mail, or cause to be mailed, to each
Holder of record entitled to participate in the Exchange Offer a copy of the
Prospectus forming part of the Exchange Offer Registration Statement, together
with an appropriate letter of transmittal and related documents;

 

(2)           use their respective commercially
reasonable efforts to keep the Exchange Offer open for not less than 20
Business Days after the date that notice of the Exchange Offer is mailed to
Holders (or longer if required by applicable law);

 

(3)           utilize the services of a depositary
for the Exchange Offer with an address in the Borough of Manhattan, The City of
New York;

 

(4)           permit Holders to withdraw tendered
Notes at any time prior to the close of business, New York time, on the last
Business Day on which the Exchange Offer remains open; and

 

(5)           otherwise comply in all material
respects with all applicable laws, rules and regulations.

 

As soon as
practicable after the close of the Exchange Offer the Issuers shall:

 

(1)           accept for exchange all Registrable
Notes validly tendered and not validly withdrawn pursuant to the Exchange
Offer;

 

(2)           deliver to the Trustee for
cancellation all Registrable Notes so accepted for exchange; and

 

(3)           cause the Trustee to authenticate and
deliver promptly to each Holder of Notes, Exchange Notes, equal in principal
amount to the Notes of such Holder so accepted for exchange; provided
that, in the case of any Notes held in global form by a depositary,
authentication and delivery to such depositary of one or more replacement Notes
in global form in an equivalent principal amount thereto for the account of
such Holders in accordance with the Indenture shall satisfy such authentication
and delivery requirement.

 

The Exchange Offer shall
not be subject to any conditions, other than that (i) the Exchange Offer
does not violate applicable law or any applicable interpretation of the staff
of the SEC; (ii) no action or proceeding shall have been instituted or
threatened in any court or by any governmental agency which might materially
impair the ability of the Issuers to proceed with the Exchange Offer, and no
material adverse development shall have occurred in any existing action or
proceeding with respect to the Issuers; and (iii) all governmental approvals
shall have been obtained, which approvals the Issuers deem necessary for the
consummation of the Exchange Offer.

 

7

 

The Exchange Notes shall
be issued under (i) the Indenture or (ii) an indenture identical in
all material respects to the Indenture, with such changes as are necessary to
comply with any requirements of the SEC to effect or maintain the qualification
thereof under the TIA, and which, in either case, has been qualified under the
TIA or is exempt from such qualification and shall provide that the Exchange
Notes shall not be subject to the transfer restrictions set forth in the
Indenture.  The Indenture or such
indenture shall provide that the Exchange Notes and the Notes shall vote and
consent together on all matters as one class and that none of the Exchange
Notes or the Notes will have the right to vote or consent as a separate class
on any matter.

 

(c)                                  If, (i) because of any change in law
or in currently prevailing interpretations of the staff of the SEC, the Issuers
are not permitted to effect the Exchange Offer or (ii) the Exchange Offer
is not consummated on or prior to the 45th day following the Registration
Trigger Date, in the case of each of clauses (i) and (ii) of this
sentence, then the Issuers shall promptly deliver to the Holders and the
Trustee written notice thereof (the “Shelf Notice”) and shall file a
Shelf Registration pursuant to Section 3 hereof.

 

(d)                                 Upon the request of holders of $10
million aggregate outstanding principal amount of Notes who are affiliates on
the Registration Trigger Date (the “Affiliate Holders”), the Issuers
will use their respective commercially reasonable efforts to file with the SEC
and cause to become effective one Demand Registration Statement (as defined
herein) for the resale of any such Registrable Notes pursuant to Section 4
hereof. In connection therewith, the Issuers shall promptly deliver to the
Holders and the Trustee written notice of such request (the “Demand Notice”).

 

3.                                      Shelf Registration

 

If at any time a Shelf
Notice is delivered as contemplated by Section 2(c) hereof, then:

 

(a)           Shelf Registration.  The Issuers shall as promptly as practicable
file with the SEC a Registration Statement for an offering to be made on a
continuous basis pursuant to Rule 415 (the “Initial Shelf Registration”)
covering all of the Registrable Notes (other than Registrable Notes held by an “affiliate”
(as defined in Rule 405) of the Company). 
The Issuers shall use their respective commercially reasonable efforts
to file with the SEC the Initial Shelf Registration.  The Initial Shelf Registration shall be on Form S-1
or another appropriate form (as reasonably determined by the Issuers)
permitting registration of such Registrable Notes for resale by Holders in the
manner or manners designated by them (including, without limitation, one or
more underwritten offerings).  The
Issuers shall not permit any securities other than the Registrable Notes (and
the related Guarantees) to be included in the Initial Shelf Registration or any
Subsequent Shelf Registration (as defined below).

 

The Issuers shall use
their respective commercially reasonable efforts to cause the Shelf
Registration to be declared effective under the Securities Act on or prior to
the 90th day following the delivery of the Shelf Notice (the “Shelf
Effectiveness Date”) and to

 

8

 

keep the Initial Shelf Registration continuously
effective under the Securities Act until the date that is 180 days from the
effective date of the Initial Shelf Registration or such shorter period ending
when all Notes cease to be Registrable Notes or all Registrable Notes covered
by the Initial Shelf Registration have been sold in the manner set forth and as
contemplated in the Initial Shelf Registration or, if applicable, a Subsequent
Shelf Registration (the “Shelf Effectiveness Period”); provided, however,
that the Shelf Effectiveness Period in respect of the Initial Shelf
Registration shall be extended to the extent required to permit dealers to
comply with the applicable prospectus delivery requirements of Rule 174
under the Securities Act and as otherwise provided herein and shall be subject
to reduction to the extent that the Notes or the Exchange Notes, covered by the
Shelf Registration Statement become Freely Tradable.  Notwithstanding anything to the contrary in
this Agreement, at any time, the Issuers may delay the filing of any Shelf Registration
Statement or delay or suspend the effectiveness thereof, for a reasonable
period of time, but not in excess of an aggregate of 60 days in any
twelve-month period (a “Shelf Suspension Period”), if the Board of
Directors of the Company determines reasonably and in good faith that the
filing of any such Shelf Registration Statement or the continuing effectiveness
thereof would require the disclosure of non-public material information that,
in the reasonable judgment of the Board of Directors of the Company, would
materially adversely affect a financing, acquisition, disposition, merger or
other material transaction involving the Company.  Notwithstanding anything to the contrary
contained herein, no “affiliate” (as defined in Rule 405) of the Company
shall be entitled or permitted to participate in a Shelf Registration or to
have such Holder’s Registrable Notes included in a Shelf Registration
Statement.

 

(b)                                 Withdrawal of Stop Orders; Subsequent
Shelf Registrations.  If the Initial Shelf Registration or any
Subsequent Shelf Registration ceases to be effective for any reason at any time
during the Shelf Effectiveness Period (other than because of the sale of all of
the Notes registered thereunder), the Issuers shall use their respective commercially
reasonable efforts to obtain the prompt withdrawal of any order suspending the
effectiveness thereof, and in any event shall within 30 days of such cessation
of effectiveness amend such Shelf Registration Statement in a manner to obtain
the withdrawal of the order suspending the effectiveness thereof, or file an
additional Shelf Registration Statement pursuant to Rule 415 covering all
of the Registrable Notes covered by and not sold under the Initial Shelf
Registration or an earlier Subsequent Shelf Registration (each, a “Subsequent
Shelf Registration”).  If a
Subsequent Shelf Registration is filed, the Issuers shall use their respective
commercially reasonable efforts to cause the Subsequent Shelf Registration to
be declared effective under the Securities Act as soon as practicable after
such filing and to keep such subsequent Shelf Registration continuously
effective for a period equal to the number of days in the Shelf Effectiveness
Period less the aggregate number of days during which the Initial Shelf
Registration or any Subsequent Shelf Registration was previously continuously
effective.  As used herein the term “Shelf
Registration” means the Initial Shelf Registration and any Subsequent Shelf
Registration.

 

9

 

(c)                                  Supplements and Amendments. 
The Issuers shall promptly supplement and amend the Shelf Registration
if required by the rules, regulations or instructions applicable to the
registration form used for such Shelf Registration, if required by the Securities
Act, or if reasonably requested by the Holders of a majority in aggregate
principal amount of the Registrable Notes (or their counsel) covered by such
Registration Statement with respect to the information included therein with
respect to one or more of such Holders, or by any underwriter of such
Registrable Notes with respect to the information included therein with respect
to such underwriter.

 

4.                                       Demand Registration

 

If at
any time a Demand Notice is delivered as contemplated by Section 2(c) hereof,
then:

 

(a)                                  The Issuers will give written notice of
such request to all other Affiliate Holders, and will use their respective
commercially reasonable efforts to register (a “Demand Registration”),
in accordance with the provisions of this Agreement, all Registrable Notes (the
“Demand Notes”) that have been requested to be registered by the
Affiliate Holders in the Demand Notice and by any other Affiliate Holders by
written notice to the Issuers given on or prior to thirty (30) days) after the
date the Issuers have given such Affiliate Holders notice of the Demand Request
(the “Demand Response Date”).  In
connection with a Demand Registration, the Issuers shall, as promptly as
practical following the Demand Response Date, file with the SEC a Registration
Statement for the resale of all Demand Notes (the “Demand Registration
Statement”).  The Issuers shall use
their respective commercially reasonable efforts to file with the SEC the
Demand Registration Statement.  The
Demand Registration shall be on Form S-1 or Form S-3 (if available)
or another appropriate form (as reasonably determined by the Issuers)
permitting registration of such Demand Notes for resale by Affiliate Holders in
the manner or manners designated by them (including, without limitation, one or
more underwritten offerings).  The
Issuers shall not permit any securities other than the Demand Notes (and the related
Guarantees) to be included in the Demand Registration Statement.

 

(b)                                 The Issuers shall use their respective
commercially reasonable efforts to cause the Demand Registration Statement to
be declared effective under the Securities Act on or prior to the 90th day
following the delivery of the Demand Notice (the “Demand Effectiveness Date”)
and to keep the Demand Registration Statement continuously effective under the
Securities Act until the date that is 90 days from the effective date of the
Demand Registration Statement or such shorter period ending when all Demand
Notes covered by the Demand Registration Statement have been sold in the manner
set forth and as contemplated in the Demand Registration Statement (the “Demand
Effectiveness Period”).  The Issuers
will not be obligated to effect more than one Demand Registration; provided
that a request for registration will not count for purposes of this limitation
if (i) the Demand Registration Statement relating to such request is not
declared effective within 180 days of the date such Demand Registration
Statement is first filed with 

 

10

 

the SEC; (ii) at least 50% of the Demand Notes
requested by the Affiliate Holders to be included in the registration are not
able to be sold by the underwriters in the case of an underwritten offering; or
(iii) the conditions to closing specified in the underwriting agreement
entered into in connection with an underwritten offering are not satisfied
(other than as a result of a material default or breach thereunder by the
Affiliate Holders).  Notwithstanding
anything to the contrary in this Agreement, at any time, the Issuers may delay
the filing of any Demand Registration Statement or delay or suspend the
effectiveness thereof, for a reasonable period of time, but not in excess of an
aggregate of 60 days in any twelve-month period (a “Demand Suspension Period”),
if the Board of Directors of the Issuers determines reasonably and in good
faith that the filing of any such Demand Registration Statement or the
continuing effectiveness thereof would require the disclosure of non-public
material information that, in the reasonable judgment of the Board of Directors
of the Company, would materially adversely affect a financing, acquisition, disposition,
merger or other material transaction involving the Company.

 

(c)                              Withdrawal of Stop Orders; Subsequent
Shelf Registrations.  If the Demand Registration Statement ceases
to be effective for any reason at any time during the Demand Effectiveness
Period (other than because of the sale of all of the Demand Notes registered
thereunder), the Issuers shall use their respective commercially reasonable efforts
to obtain the prompt withdrawal of any order suspending the effectiveness
thereof, and in any event shall within 30 days of such cessation of
effectiveness amend such Demand Registration Statement in a manner to obtain
the withdrawal of the order suspending the effectiveness thereof, or file an
additional Demand Registration Statement covering all of the Demand Notes
covered by and not sold under the Demand Registration Statement.  The Issuers shall use their respective
commercially reasonable efforts to cause any additional Demand Registration
Statement to be declared effective under the Securities Act as soon as
practicable after such filing and to keep any additional Demand Registration
Statement or the original Demand Registration Statement continuously effective
for a period equal to the number of days in the Demand Effectiveness Period
less the aggregate number of days during which the original Demand Registration
Statement or any additional Demand Registration Statement was previously
continuously effective.

 

(d)                             Supplements and Amendments. 
The Issuers shall promptly supplement and amend the Demand Registration
Statement if required by the rules, regulations or instructions applicable to
the registration form used for such Demand Registration Statement, if required
by the Securities Act, or if reasonably requested by the Affiliate Holders of a
majority in aggregate principal amount of the Demand Notes (or their counsel)
covered by such Registration Statement with respect to the information included
therein with respect to one or more of such Affiliate Holders, or by any
underwriter of such Demand Notes with respect to the information included
therein with respect to such underwriter.

 

11

 

5.                                       Additional Interest

 

(a)                                  The Issuers and the Note Holders agree
that the Holders will suffer damages if the Issuers fail to fulfill their
obligations under Section 2, Section 3 or Section 4 hereof and
that it would not be feasible to ascertain the extent of such damages with
precision.  Accordingly, the Issuers
agree to pay, jointly and severally, as liquidated damages, additional interest
on the Notes (“Additional Interest”) under the circumstances and to the
extent set forth below (each of which shall be given independent effect):

 

(i)                                     if (x) the Exchange Offer
Registration Statement is not declared effective on or prior to the
Registration Trigger Date or (y) the Exchange Offer is not consummated
within 45 days after the Exchange Offer Registration Statement becomes
effective, then Additional Interest shall accrue on the principal amount of the
Registrable Notes at a rate of 0.25% per annum for the first 90 days
immediately following the Registration Trigger Date or the 45th day following
the effective date of the Exchange Offer Registration Statement, as applicable,
and such Additional Interest rate shall increase by an additional 0.25% per
annum at the beginning of the immediately following 90-day period; or

 

(ii)                                  if the Issuers are required to file a
Shelf Registration Statement and such Shelf Registration Statement is not
declared effective by the SEC on or prior to the 90th day following delivery of
the Shelf Notice, then, commencing on the day after such 90th day, Additional
Interest shall accrue on the principal amount of the Notes at a rate of 0.25%
per annum for the first 90 days immediately following the day after such Shelf
Effectiveness Date, and such Additional Interest rate shall increase by an
additional 0.25% per annum at the beginning of the immediately following 90-day
period; or

 

(iii)                               if the Shelf Registration Statement
required by Section 3(a) of this Agreement has been declared
effective but thereafter ceases to be effective at any time at which it is required
to be effective under this Agreement and such failure to remain effective exists
for more than the number of days permitted by the second paragraph of Section 3(a) hereof,
then commencing on the first day following the date on which such Shelf Registration
Statement ceases to be effective that exceeds the number of days permitted by
the second paragraph of Section 3(a) hereof, Additional Interest
shall accrue on the Registrable Notes at a rate of 0.25% per annum of the
principal amount of such Notes for the first 90 days from and including such
day, as applicable, following the date on which such Shelf Registration
Statement ceases to be effective and increasing by an additional 0.25% per
annum at the beginning of each subsequent 90-day period thereafter; or

 

(iv)                              if the Issuers are required to file a
Demand Registration Statement and such Demand Registration Statement, as
applicable, is not declared effective by the SEC on or prior to the 90th day
following delivery of the Demand Notice, as applicable, then, commencing on the
day after such 90th day, Additional Interest shall accrue on the principal
amount of the Demand Notes at a rate of 0.25% per annum for the first 90 days
immediately following the day after such Demand Effectiveness Date, and such
Additional Interest

 

12

 

rate shall increase by an
additional 0.25% per annum at the beginning of the immediately following 90-day
period; or

 

(v)                                 if the Demand Registration Statement
pursuant to Section 4(a) of this Agreement has been declared
effective but thereafter ceases to be effective at any time at which it is
required to be effective under this Agreement and such failure to remain
effective exists for more than the number of days permitted by Section 4(b) hereof,
then commencing on the first day following the date on which such Demand
Registration Statement ceases to be effective that exceeds the number of days
permitted by Section 4(b) hereof, Additional Interest shall accrue on
the Demand Notes at a rate of 0.25% per annum of the principal amount of such
Demand Notes for the first 90 days from and including such day, as applicable,
following the date on which such Demand Registration Statement ceases to be
effective and increasing by an additional 0.25% per annum at the beginning of
each subsequent 90-day period thereafter;

 

provided, however, that the Additional
Interest rate on any Notes may not accrue under more than one of the foregoing
clauses (i) - (v) at any one time and at no time shall the aggregate
amount of Additional Interest accruing on any Notes exceed in the aggregate
1.00% per annum; provided, further, however, that (1) upon
the completion of the Exchange Offer (in the case of clause (i) above of
this Section 5), (2) upon the effectiveness of the Shelf Registration
Statement or Demand Registration Statement, as applicable, as required
hereunder (in the case of clause (ii) or (iv), as applicable, of this Section 5),
or (3) upon the effectiveness of the Shelf Registration Statement or
Demand Registration Statement, as applicable, which had ceased to remain effective
(in the case of (iii) or (v), as applicable, of this Section 5),
Additional Interest on the Registrable Notes in respect of which such events
relate as a result of such clause, as the case may be, shall cease to accrue.  Notwithstanding any other provision of this Section 5,
the Issuer shall not be obligated to pay Additional Interest provided in Sections
5(a)(ii) or 5(a)(iii) during a Shelf Suspension Period permitted by
the second paragraph of Section 3(a) hereof or provided in Section 5(a)(iv) or
5(a)(v) during a Demand Suspension Period permitted by Section 4(b) hereof.

 

(b)                                 The Issuers shall notify the Trustee
within one Business Day after each and every date on which an event occurs in
respect of which Additional Interest is required to be paid (an “Event Date”).  Any amounts of Additional Interest due
pursuant to this Section 5 will be payable in cash semiannually on each February 1
and August 1 (to the holders of the applicable Notes record on January 15
and July 15 immediately preceding such dates), commencing with the first
such date occurring after any such Additional Interest commences to
accrue.  The amount of Additional
Interest will be determined by multiplying the applicable Additional Interest
rate by the principal amount of the applicable Registrable Notes, multiplied by
a fraction, the numerator of which is the number of days such Additional
Interest rate was applicable during such period (determined on the basis of a
360 day year comprised of twelve 30 day months and, in the case of a
partial month, the actual number of days elapsed), and the denominator of which
is 360.

 

13

 

6.                                       Registration Procedures

 

In
connection with the filing of any Registration Statement pursuant to Section 2,
3 or 4 hereof, the Issuers shall effect such registrations to permit the sale
of the securities covered thereby in accordance with the intended method or
methods of disposition thereof, and pursuant thereto and in connection with any
Registration Statement filed by the Company hereunder each of the Issuers
shall:

 

(a)                              Prepare and file with the SEC prior to
the applicable filing date a Registration Statement or Registration Statements
as prescribed by Section 2, 3 or 4 hereof, and use their respective
commercially reasonable efforts to cause each such Registration Statement to
become effective and remain effective as provided herein; provided, however,
that if (1) such filing is pursuant to Section 2(c) and Section 3
or Section 2(d) and Section 4 hereof, or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2
hereof is required to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable
Period relating thereto from whom the Company has received prior written notice
that it will be a Participating Broker-Dealer in the Exchange Offer, before
filing any Registration Statement or Prospectus or any amendments or
supplements thereto, the Issuers shall furnish to and afford the Holders of the
Registrable Notes covered by such Registration Statement (with respect to a
Registration Statement filed pursuant to Section 2(c) and Section 3
or Section 2(d) and Section 4 hereof) or each such Participating
Broker-Dealer (with respect to any such Registration Statement), as the case
may be, their counsel and the managing underwriters, if any, a reasonable
opportunity to review copies of all such documents (including copies of any
documents to be incorporated by reference therein and all exhibits thereto)
proposed to be filed (in each case at least five Business Days prior to such
filing), which review will, in the case of such counsel, be at the Issuer’s
expense.  The Issuers shall not file any
Registration Statement or Prospectus or any amendments or supplements thereto
if the Holders of a majority in aggregate principal amount of the Registrable
Notes covered by such Registration Statement, their counsel, or the managing
underwriters, if any, shall reasonably object on a timely basis.

 

(b)                             Prepare and file with the SEC such
amendments and post-effective amendments to each Shelf Registration Statement,
Demand Registration Statement or Exchange Offer Registration Statement, as the
case may be, as may be necessary to keep such Registration Statement continuously
effective for the Shelf Effectiveness Period, the Demand Effectiveness Period,
the Applicable Period or until consummation of the Exchange Offer, as the case
may be; cause the related Prospectus to be supplemented by any Prospectus
supplement required by applicable law, and as so supplemented to be filed
pursuant to Rule 424; and comply in all material respects with the
provisions of the Securities Act and the Exchange Act applicable to it with
respect to the disposition of all securities covered by such Registration
Statement as so amended or in such Prospectus as so supplemented and with
respect to the subsequent resale of any securities being sold by any Participating
Broker-Dealer covered by any such Prospectus. 
The Company shall be deemed 

 

14

 

not to have used its commercially reasonable efforts
to keep a Registration Statement effective if the Company voluntarily takes any
action that would result in selling Holders of the Registrable Notes covered
thereby or Participating Broker-Dealers seeking to sell Exchange Notes not
being able to sell such Registrable Notes or such Exchange Notes during that
period unless such action is required by applicable law or permitted by this
Agreement.

 

(c)                              If (1) a Shelf Registration or
Demand Registration Statement is filed pursuant to Section 2(c) and Section 3
or Section 2(d) and Section 4 hereof, as applicable, or (2) a
Prospectus contained in the Exchange Offer Registration Statement filed
pursuant to Section 2 hereof is required to be delivered under the
Securities Act by any Participating Broker-Dealer who seeks to sell Exchange
Notes during the Applicable Period relating thereto from whom the Company has
received written notice that it will be a Participating Broker-Dealer in the
Exchange Offer or notify the selling Holders of Registrable Notes (with respect
to a Registration Statement filed pursuant to Section 2(c) and Section 3
or Section 2(d) and Section 4 hereof), or each such
Participating Broker-Dealer (with respect to any such Registration Statement),
as the case may be, their counsel and the managing underwriters, if any, as
promptly as possible, and, if requested by any such Person, confirm such notice
in writing, (i) when a Prospectus or any Prospectus supplement or
post-effective amendment has been filed, and, with respect to a Registration
Statement or any post-effective amendment, when the same has become effective
under the Securities Act (including in such notice a written statement that any
Holder may, upon request, obtain, at the sole expense of the Company, one
conformed copy of such Registration Statement or post-effective amendment
including financial statements and schedules, documents incorporated or deemed
to be incorporated by reference and exhibits), (ii) of the issuance by the
SEC of any stop order suspending the effectiveness of a Registration Statement
or of any order preventing or suspending the use of any preliminary prospectus
or the initiation of any proceedings for that purpose, (iii) if at any
time when a prospectus is required by the Securities Act to be delivered in
connection with sales of the Registrable Notes or resales of Exchange Notes by
Participating Broker-Dealers the representations and warranties of the Issuers
contained in any agreement (including any underwriting agreement) contemplated
by Section 6(n) hereof cease to be true and correct in all material
respects, (iv) of the receipt by any Issuer of any notification with
respect to the suspension of the qualification or exemption from qualification
of a Registration Statement or any of the Registrable Notes or the Exchange
Notes to be sold by any Participating Broker-Dealer for offer or sale in any
jurisdiction, or the initiation or threatening of any proceeding for such
purpose, (v) of the happening of any event, the existence of any condition
or any information becoming known that makes any statement made in such
Registration Statement or related Prospectus or any document incorporated or
deemed to be incorporated therein by reference untrue in any material respect
or that requires the making of any changes in or amendments or supplements to
such Registration Statement, Prospectus or documents so that, in the case of
the Registration Statement, it will not contain any untrue statement of a material
fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein not misleading, and that in the case
of the 

 

15

 

Prospectus, it will not contain any untrue statement
of a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading, and (vi) of the
Issuers’ determination that a post-effective amendment to a Registration
Statement would be appropriate.

 

(d)                             Use their respective commercially
reasonable efforts to prevent the issuance of any order suspending the
effectiveness of a Registration Statement or of any order preventing or
suspending the use of a Prospectus or suspending the qualification (or exemption
from qualification) of any of the Registrable Notes or the Exchange Notes to be
sold by any Participating Broker-Dealer, for sale in any jurisdiction, and, if
any such order is issued, to use their respective commercially reasonable
efforts to obtain the withdrawal of any such order at the earliest practicable
moment.

 

(e)                              If a Shelf Registration or Demand
Registration Statement is filed pursuant to Section 2(c) and Section 3
or Section 2(d) and Section 4 hereof, as applicable, and if
requested during the Effectiveness Period by the managing underwriter or underwriters
(if any), the Holders of a majority in aggregate principal amount of the
Registrable Notes being sold in connection with an underwritten offering or any
Participating Broker-Dealer, (i) as promptly as practicable incorporate in
a prospectus supplement or post-effective amendment such information as the
managing underwriter or underwriters (if any), such Holders, any Participating
Broker-Dealer or counsel for any of them reasonably request to be included
therein, (ii) make all required filings of such prospectus supplement or
such post-effective amendment as soon as practicable after the Company has
received notification of the matters to be incorporated in such prospectus
supplement or post-effective amendment, and (iii) supplement or make
amendments to such Registration Statement; provided, however,
that the Issuers shall not be required to take any action hereunder that would,
in the opinion of counsel to the Issuers, violate applicable laws.

 

(f)                                If (1) a Shelf Registration or
Demand Registration Statement is filed pursuant to Section 2(c) and Section 3
or Section 2(d) and Section 4 hereof, as applicable, or (2) a
Prospectus contained in the Exchange Offer Registration Statement filed pursuant
to Section 2 hereof is required to be delivered under the Securities Act
by any Participating Broker-Dealer who seeks to sell Exchange Notes during the
Applicable Period, furnish to each selling Holder of Registrable Notes (with
respect to a Registration Statement filed pursuant to Section 2(c) and
Section 3 or Section 2(d) and Section 4 hereof) and to each
such Participating Broker-Dealer who so requests (with respect to any such
Registration Statement) and to their respective counsel and each managing
underwriter, if any, at the sole expense of the Company, one conformed copy of
the Registration Statement or Registration Statements and each post-effective
amendment thereto, including financial statements and schedules, and, if
requested, all documents incorporated or deemed to be incorporated therein by
reference and all exhibits.

 

16

 

(g)                             If (1) a Shelf Registration or
Demand Registration Statement is filed pursuant to Section 2(c) and Section 3
or Section 2(d) and Section 4 hereof, as applicable, or (2) a
Prospectus contained in the Exchange Offer Registration Statement filed
pursuant to Section 2 hereof is required to be delivered under the
Securities Act by any Participating Broker-Dealer who seeks to sell Exchange
Notes during the Applicable Period, deliver to each selling Holder of
Registrable Notes (with respect to a Registration Statement filed pursuant to Section 2(c) and
Section 3 or Section 2(d) and Section 4 hereof), or each
such Participating Broker-Dealer (with respect to any such Registration
Statement), as the case may be, their respective counsel, and the underwriters,
if any, at the sole expense of the Company, as many copies of the Prospectus or
Prospectuses (including each form of preliminary prospectus) and each amendment
or supplement thereto and any documents incorporated by reference therein as
such Persons may reasonably request; and, subject to the last paragraph of this
Section 5, the Issuers hereby consent to the use (other than during any
Shelf Suspension Period) of such Prospectus and each amendment or supplement
thereto by each of the selling Holders of Registrable Notes or each such
Participating Broker-Dealer, as the case may be, and the underwriters or
agents, if any, and dealers, if any, in connection with the offering and sale
of the Registrable Notes covered by, or the sale by Participating
Broker-Dealers of the Exchange Notes pursuant to, such Prospectus and any
amendment or supplement thereto.

 

(h)                             Prior to any public offering of
Registrable Notes or any delivery of a Prospectus contained in the Exchange
Offer Registration Statement by any Participating Broker-Dealer who seeks to
sell Exchange Notes during the Applicable Period, use their respective
commercially reasonable efforts to register or qualify, and to cooperate with
the selling Holders of Registrable Notes or each such Participating Broker-Dealer,
as the case may be, the managing underwriter or underwriters, if any, and their
respective counsel in connection with the registration or qualification (or
exemption from such registration or qualification) of such Registrable Notes
for offer and sale under the securities or Blue Sky laws of such jurisdictions
within the United States as any selling Holder, Participating Broker-Dealer, or
the managing underwriter or underwriters reasonably request in writing; provided,
however, that where Exchange Notes held by Participating Broker-Dealers
or Registrable Notes are offered other than through an underwritten offering,
the Issuers agree to cause their counsel to perform Blue Sky investigations and
file registrations and qualifications required to be filed pursuant to this Section 6(h),
keep each such registration or qualification (or exemption therefrom) effective
during the period such Registration Statement is required to be kept effective
and do any and all other acts or things reasonably necessary or advisable to
enable the disposition in such jurisdictions of the Exchange Notes held by
Participating Broker-Dealers or the Registrable Notes covered by the applicable
Registration Statement; provided, however, that no Issuer shall
be required to (A) qualify generally to do business in any jurisdiction
where it is not then so qualified, (B) take any action that would subject it
to general service of process in any such jurisdiction where it is not then so
subject or (C) subject itself to taxation in excess of a nominal dollar
amount in any such jurisdiction where it is not then so subject.

 

17

 

(i)                                 If a Shelf Registration or Demand
Registration Statement is filed pursuant to Section 2(c) and Section 3
or Section 2(d) and Section 4 hereof, as applicable, cooperate
with the selling Holders of Registrable Notes and the managing underwriter or
underwriters, if any, to facilitate the timely preparation and  delivery of certificates representing
Registrable Notes to be sold, which certificates shall not bear any restrictive
legends and shall be in a form eligible for deposit with The Depository Trust
Company; and enable such Registrable Notes to be in such denominations (subject
to applicable requirements contained in the Indenture) and registered in such
names as the managing underwriter or underwriters, if any, or Holders may request.

 

(j)                                 Use their respective commercially
reasonable efforts to cause the Registrable Notes covered by the Registration
Statement to be registered with or approved by such other governmental agencies
or authorities as may be necessary to enable the seller or sellers thereof or
the underwriter or underwriters, if any, to consummate the disposition of such
Registrable Notes, except as may be required solely as a consequence of the nature
of such selling Holder’s business, in which case the Issuers will cooperate in
all reasonable respects with the filing of such Registration Statement and the
granting of such approvals.

 

(k)                              If (1) a Shelf Registration or
Demand Registration Statement is filed pursuant to Section 2(c) and Section 3
or Section 2(d) and Section 4 hereof, as applicable, or (2) a
Prospectus contained in the Exchange Offer Registration Statement filed
pursuant to Section 2 hereof is required to be delivered under the
Securities Act by any Participating Broker-Dealer who seeks to sell Exchange
Notes during the Applicable Period, upon the occurrence of any event
contemplated by paragraph 6(c)(v) or 6(c)(vi) hereof, as
promptly as practicable prepare and (subject to Section 6(a) hereof)
file with the SEC, at the sole expense of the Company, a supplement or
post-effective amendment to the Registration Statement or a supplement to the
related Prospectus or any document incorporated or deemed to be incorporated
therein by reference, or file any other required document so that, as
thereafter delivered to the purchasers of the Registrable Notes being sold thereunder
(with respect to a Registration Statement filed pursuant to Section 2(c) and
Section 3 or Section 2(d) and Section 4 hereof) or to the
purchasers of the Exchange Notes to whom such Prospectus will be delivered by a
Participating Broker-Dealer (with respect to any such Registration Statement),
any such Prospectus will not contain an untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary to make
the statements therein, in the light of the circumstances under which they were
made, not misleading.

 

(l)                                 Use their respective commercially
reasonable efforts to cause the Registrable Notes covered by a Registration
Statement or the Exchange Notes, as the case may be, to be rated with the
appropriate rating agencies, if so requested by the Holders of a majority in
aggregate principal amount of Registrable Notes covered by such Registration
Statement or the Exchange Notes, as the case may be, or the managing
underwriter or underwriters, if any.

 

18

 

(m)                               Prior to the effective date of the first
Registration Statement relating to the Registrable Notes, (i) provide the
Trustee with certificates for the Registrable Notes in a form eligible for
deposit with The Depository Trust Company and (ii) provide a CUSIP number
for the Registrable Notes.

 

(n)                                 In connection with any underwritten
offering of Registrable Notes pursuant to a Shelf Registration or Demand
Registration Statement, as applicable, take all such actions as are reasonably
requested by the selling Holders and the managing underwriter or underwriters
in order to expedite or facilitate the registration or the disposition of such
Registrable Notes and, in such connection, (i) make such representations
and warranties to, and covenants with, the selling Holders and any underwriters
with respect to the business of the Issuers (including any acquired business,
properties or entity, if applicable), and the Registration Statement,
Prospectus and documents, if any, incorporated or deemed to be incorporated by
reference therein, in each case, as are customarily made by issuers to
underwriters in underwritten offerings of debt securities similar to the Notes,
and confirm the same in writing if and when requested; (ii) obtain the
written opinions of counsel to the Issuers, and written updates thereof in
form, scope and substance reasonably satisfactory to the selling Holders and
the managing underwriter or underwriters, addressed to the selling Holders and
the underwriters covering the matters customarily covered in opinions
reasonably requested in underwritten offerings; (iii) obtain “cold comfort”
letters and updates thereof in form, scope and substance reasonably
satisfactory to the selling Holders and the managing underwriter or
underwriters from the independent certified public accountants of the Issuers
(and, if necessary, any other independent certified public accountants of the
Issuers, or of any business acquired by the Issuers, for which financial
statements and financial data are, or are required to be, included or incorporated
by reference in the Registration Statement), addressed to each of the selling
Holders and the underwriters, such letters to be in customary form and covering
matters of the type customarily covered in “cold comfort” letters in connection
with underwritten offerings of debt securities similar to the Notes; and (iv) enter
into an underwriting agreement as is customary in underwritten offerings of
debt securities similar to the Notes and such agreement shall contain
indemnification provisions and procedures no less favorable to the selling
Holders and underwriters than those set forth in Section 8 hereof (or such
other provisions and procedures reasonably acceptable to Holders of a majority
in aggregate principal amount of Registrable Notes covered by such Registration
Statement and the managing underwriter or underwriters or agents, if any).  The above shall be done at each closing under
such underwriting agreement, or as and to the extent required thereunder.

 

(o)                                 If (1) a Shelf Registration or
Demand Registration Statement is filed pursuant to Section 2(c) and Section 3
or Section 2(d) and Section 4 hereof, as applicable, or (2) a
Prospectus contained in the Exchange Offer Registration Statement filed
pursuant to Section 2 hereof is required to be delivered under the
Securities Act by any Participating Broker-Dealer who seeks to sell Exchange
Notes during the Applicable Period, make available for inspection by any
selling Holder of such Registrable Notes being sold (with 

 

19

 

respect to a Registration Statement filed pursuant to Section 2(c) and
Section 3 or Section 2(d) and Section 4 hereof), or each
such Participating Broker-Dealer, as the case may be, any underwriter
participating in any such disposition of Registrable Notes, if any, and any
attorney, accountant or other agent retained by any such selling Holder or each
such Participating Broker-Dealer (with respect to any such Registration
Statement), as the case may be, or underwriter (any such Holders, Participating
Broker-Dealers, underwriters, attorneys, accountants or agents, collectively,
the “Inspectors”), upon written request, at the offices where normally
kept, during reasonable business hours, all pertinent financial and other
records, pertinent corporate documents and instruments of the Company and subsidiaries
of the Company (collectively, the “Records”), as shall be reasonably necessary
to enable them to exercise any applicable due diligence responsibilities, and
cause the officers, directors and employees of the Company and any of its
subsidiaries to supply all information (“Information”) reasonably
requested by any such Inspector in connection with such due diligence
responsibilities.  Each Inspector shall
agree in writing that it will keep the Records and Information confidential and
that it will not disclose any of the Records or Information that the Company
determines, in good faith, to be confidential and notifies the Inspectors in
writing are confidential unless (i) the release of such Records or Information
is ordered pursuant to a subpoena or other order from a court of competent jurisdiction,
(ii) disclosure of such Records or Information is necessary or advisable,
in the opinion of counsel for any Inspector, in connection with any action,
claim, suit or proceeding, directly or indirectly, involving or potentially
involving such Inspector and arising out of, based upon, relating to, or
involving this Agreement, or any transactions contemplated hereby or arising
hereunder, or (iii) the information in such Records or Information has
been made generally available to the public other than by an Inspector or an “affiliate”
(as defined in Rule 405) thereof; provided, however, that
prior notice shall be provided as soon as practicable to the Company of the
potential disclosure of any information by such Inspector pursuant to
clauses (i) or (ii) of this sentence to permit the Company to
obtain a protective order (or waive the provisions of this paragraph (o))
and that such Inspector shall take such actions as are reasonably necessary to
protect the confidentiality of such information (if practicable) to the extent
such action is otherwise not inconsistent with, an impairment of or in
derogation of the rights and interests of the Holder or any Inspector.

 

(p)                                 Provide an indenture trustee for the
Registrable Notes or the Exchange Notes, as the case may be, and cause the
Indenture or the trust indenture provided for in Section 2(a) hereof,
as the case may be, to be qualified under the TIA not later than the effective
date of the first Registration Statement relating to the Registrable Notes; and
in connection therewith, cooperate with the trustee under any such indenture
and the Holders of the Registrable Notes, to effect such changes (if any) to
such indenture as may be required for such indenture to be so qualified in
accordance with the terms of the TIA; and execute, and use their respective
commercially reasonable efforts to cause such 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 such indenture to be so qualified
in a timely manner.

 

20

 

(q)                                 Comply in all material respects with all
applicable rules and regulations of the SEC and make generally available
to its securityholders with regard to any applicable Registration Statement, a
consolidated earning statement satisfying the provisions of Section 11(a) of
the Securities Act and Rule 158 thereunder (or any similar rule promulgated
under the Securities Act) no later than 45 days after the end of any
fiscal quarter (or 90 days after the end of any 12-month period if such
period is a fiscal year) (i) commencing at the end of any fiscal quarter
in which Registrable Notes are sold to underwriters in a firm commitment or
best efforts underwritten offering and (ii) if not sold to underwriters in
such an offering, commencing on the first day of the first fiscal quarter of
the Company, after the effective date of a Registration Statement, which
statements shall cover said 12-month periods.

 

(r)                                    Upon consummation of the Exchange Offer,
if requested by the Holders of a majority in principal amount of the Notes,
obtain an opinion of counsel to the Issuers, in a form customary for
underwritten transactions, addressed to the Trustee for the benefit of all
Holders of Registrable Notes participating in the Exchange Offer, that the
Exchange Notes, the related guarantee and the related indenture constitute
legal, valid and binding obligations of the Issuers, enforceable against the
Issuers in accordance with their respective terms, subject to customary
exceptions and qualifications.  If the
Exchange Offer is to be consummated, upon delivery of the Registrable Notes by
Holders to the Company (or to such other Person as directed by the Company), in
exchange for the Exchange Notes, the Issuers shall mark, or cause to be marked,
on such Registrable Notes that such Registrable Notes are being cancelled in
exchange for the Exchange Notes; in no event shall such Registrable Notes be
marked as paid or otherwise satisfied.

 

(s)                                  Cooperate with each seller of Registrable
Notes covered by any Registration Statement and each underwriter, if any,
participating in the disposition of such Registrable Notes and their respective
counsel in connection with any filings required to be made with the Financial
Industry Regulatory Authority, Inc. (the “FINRA”).

 

(t)                                    Use their respective commercially
reasonable efforts to take all other steps necessary to effect the registration
of the Exchange Notes and/or Registrable Notes covered by a Registration Statement
contemplated hereby.

 

The
Company may require each seller of Registrable Notes as to which any registration
is being effected to furnish to the Company such information regarding such
seller and the distribution of such Registrable Notes as the Company may, from
time to time, reasonably request in writing. 
The Company may exclude from such registration the Registrable Notes of
any seller so long as such seller fails to furnish such information within a
reasonable time after receiving such request and the failure to include any
such seller shall not be deemed to be a default hereunder.  Each seller as to which any Shelf Registration
or Demand Registration is being effected agrees to furnish promptly to the
Company all information required to be disclosed in order to make the
information previously furnished to the Company by such seller not materially
misleading.

 

21

 

If any
such Registration Statement refers to any Holder by name or otherwise as the
holder of any securities of any Issuer, then such Holder shall have the right
to require (i) the insertion therein of language, in form and substance reasonably
satisfactory to such Holder, to the effect that the holding by such Holder of
such securities is not to be construed as a recommendation by such Holder of
the investment quality of the securities covered thereby and that such holding
does not imply that such Holder will assist in meeting any future financial requirements
of the Issuers, or (ii) in the event that such reference to such Holder by
name or otherwise is not required by the Securities Act or any similar federal
statute then in force, the deletion of the reference to such Holder in any
amendment or supplement to the Registration Statement filed or prepared
subsequent to the time that such reference ceases to be required.

 

Each
Holder of Registrable Notes and each Participating Broker-Dealer agrees by its
acquisition of such Registrable Notes or Exchange Notes to be sold by such
Participating Broker-Dealer, as the case may be, that, upon actual receipt of
any notice from the Company of a Shelf Suspension Period or Demand Suspension
Period or the happening of any event of the kind described in Section 6(c)(ii),
6(c)(iv), 6(c)(v), or 6(c)(vi) hereof, such Holder will forthwith discontinue
disposition of such Registrable Notes covered by such Registration Statement or
Prospectus or Exchange Notes to be sold by such Holder or Participating Broker-Dealer,
as the case may be, until the end of such Shelf Suspension Period or Demand
Suspension Period, as the case may be, or such Holder’s or Participating
Broker-Dealer’s receipt of the copies of the supplemented or amended Prospectus
contemplated by Section 6(k) hereof, or until it is advised in writing
(the “Advice”) by the Company that the use of the applicable Prospectus
may be resumed, and has received copies of any amendments or supplements
thereto.  In the event that the Issuers
shall give any such notice, each of the Applicable Period and the Shelf Effectiveness
Period or Demand Effectiveness Periods, as the case may be, shall be extended
by the number of days during such periods from and including the date of the
giving of such notice to and including the date when each seller of Registrable
Notes or Demand Notes covered by such Registration Statement or Exchange Notes
to be sold by such Participating Broker-Dealer, as the case may be, shall have
received (x) the copies of the supplemented or amended Prospectus
contemplated by Section 6(k) hereof or (y) the Advice.

 

7.                                       Registration Expenses

 

All
fees and expenses incident to the performance of or compliance with this
Agreement by the Issuers shall be borne by the Company, whether or not the
Exchange Offer Registration Statement or any Shelf Registration Statement or
Demand Registration Statement is filed or becomes effective or the Exchange
Offer is consummated, including, without limitation, (i) all registration
and filing fees (including, without limitation, (A) fees with respect to
filings required to be made with FINRA in connection with an underwritten
offering and (B) fees and expenses of compliance with state securities or
Blue Sky laws (including, without limitation, reasonable fees and disbursements
of counsel in connection with Blue Sky qualifications of the Registrable Notes
or Exchange Notes and determination of the eligibility of the Registrable Notes
or Exchange Notes for investment under the laws of such jurisdictions (x) where
the holders of Registrable Notes are located, in the case of the Exchange
Notes, or (y) as provided in

 

22

 

Section 6(h) hereof, in the case of
Registrable Notes or Exchange Notes to be sold by a Participating Broker-Dealer
during the Applicable Period)), (ii) printing expenses, including, without
limitation, expenses of printing certificates for Registrable Notes or Exchange
Notes in a form eligible for deposit with The Depository Trust Company and of
printing prospectuses if the printing of prospectuses is requested by the
managing underwriter or underwriters, if any, by the Holders of a majority in
aggregate principal amount of the Registrable Notes included in  any Registration Statement or in respect of
Registrable Notes or Exchange Notes to be sold by any Participating
Broker-Dealer during the Applicable Period, as the case may be, (iii) messenger,
telephone and delivery expenses, (iv) fees and disbursements of counsel
for the Issuers and, in the case of a Shelf Registration or Demand Registration
Statement, reasonable fees and disbursements of one special counsel for all of
the sellers of Registrable Notes (exclusive of any counsel retained pursuant to
Section 8 hereof), (v) fees and disbursements of all independent
certified public accountants referred to in Section 6(n)(iii) hereof
(including, without limitation, the expenses of any “cold comfort” letters
required by or incident to such performance), (vi) Securities Act
liability insurance, if the Issuers desire such insurance, (vii) fees and
expenses of all other Persons retained by the Issuers, (viii) internal expenses
of the Issuers (including, without limitation, all salaries and expenses of
officers and employees of the Issuers performing legal or accounting duties), (ix) the
expense of any annual audit, (x) any fees and expenses incurred in connection
with the listing of the securities to be registered on any securities exchange,
and the obtaining of a rating of the securities, in each case, if applicable
and (xi) the expenses relating to printing, word processing and
distributing all Registration Statements, underwriting agreements, indentures
and any other documents necessary in order to comply with this Agreement.  Notwithstanding the foregoing or anything to
the contrary in this Agreement, each Holder shall pay all underwriting
discounts and commissions of any underwriters with respect to any Registrable
Notes sold by or on behalf of it.

 

8.                                       Indemnification and Contribution

 

(a)  Each of
the Issuers agree, jointly and severally, to indemnify and hold harmless each
Holder of Registrable Notes and each Participating Broker-Dealer selling Exchange
Notes during the Applicable Period, and each Person, if any, who controls such
Person or its affiliates within the meaning of Section 15 of the Act or Section 20
of the Exchange Act (each, a “Participant”) against any losses, claims,
damages or liabilities to which any Participant may become subject under the
Securities Act, the Exchange Act or otherwise, insofar as any such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon:

 

(i)                                     any untrue statement or alleged untrue
statement of any material fact contained in any Registration Statement (or any
amendment thereto) or Prospectus (as amended or supplemented if any of the
Issuers shall have furnished any amendments or supplements thereto) or any
preliminary prospectus or any application or any other document or any
amendment or supplement thereto executed by any Issuer based upon written
information furnished by or on behalf of any Issuer filed in any jurisdiction
in order to qualify the Notes under the securities or “Blue Sky” laws thereof
or filed with the SEC or any securities association or securities exchange
(each, an “Application”); or

 

23

 

(ii)                                  the omission or alleged omission to
state, in any Registration Statement (or any amendment thereto) or Prospectus
(as amended or supplemented if any of the Issuers shall have furnished any
amendments or supplements thereto) or any preliminary prospectus or any
Application or any other document or any amendment or supplement thereto, a
material fact required to be stated therein or necessary to make the statements
therein, in the case of any Prospectus, in light of the circumstances under
which they were made, not misleading;

 

and will reimburse, as incurred, the Participant for any reasonable
legal or other expenses incurred by the Participant in connection with
investigating, defending against or appearing as a third-party witness in
connection with any such loss, claim, damage, liability or action; provided,
however, none of the Issuers will be liable in any such case to the
extent that any such loss, claim, damage, or liability arises out of or is
based upon any untrue statement or alleged untrue statement or omission or
alleged omission made in any Registration Statement (or any amendment thereto)
or Prospectus (as amended or supplemented if any of the Issuers shall have furnished
any amendments or supplements thereto) or any preliminary prospectus or Application
or any amendment or supplement thereto in reliance upon and in conformity with
information relating to any Participant furnished to the Issuers by such
Participant specifically for use therein. 
The indemnity provided for in this Section 8 will be in addition to
any liability that the Issuers may otherwise have to the indemnified
parties.  The Issuers shall not be liable
under this Section 8 for any settlement of any claim or action effected
without their prior written consent, which shall not be unreasonably withheld.

 

(b)                                 Each Participant, severally and not
jointly, agrees to indemnify and hold harmless the Issuers, their directors,
their officers and each person, if any, who controls the Issuers within the
meaning of Section 15 of the Act or Section 20 of the Exchange Act
against any losses, claims, damages or liabilities to which the Issuers or any
such director, officer or controlling person may become subject under the Act,
the Exchange Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon (i) any
untrue statement or alleged untrue statement of any material fact contained in
any Registration Statement or Prospectus, any amendment or supplement thereto,
or any preliminary prospectus, or (ii) the omission or the alleged
omission to state therein a material fact necessary to make the statements
therein, in the case of any Prospectus, in light of the circumstances under
which they were made, not misleading, in each case to the extent, but only to
the extent, that such untrue statement or alleged untrue statement or omission
or alleged omission was made in reliance upon and in conformity with written
information concerning such Participant, furnished to the Issuers by the
Participant, specifically for use therein; and subject to the limitation set
forth immediately preceding this clause, will reimburse, as incurred, any reasonable
legal or other expenses incurred by the Issuers or any such director, officer
or controlling person in connection with investigating or defending against or
appearing as a third party witness in connection with any such loss, claim,
damage, liability or action in respect thereof. 
The indemnity provided for in this Section 8 will be in addition to
any liability that the Participants may otherwise have to the indemnified
parties.  The Participants shall not be
liable under this Section 8 for any settlement of any claim or action
effected without their prior written consent, which shall not be unreasonably
withheld.  

 

24

 

The Issuers shall
not, without the prior written consent of such Participant, effect any
settlement or compromise of any pending or threatened proceeding in respect of
which such Participant is or could have been a party, or indemnity could have
been sought hereunder by such Participant, unless such settlement (A) includes
an unconditional written release of such Participant, in form and substance
reasonably satisfactory to such Participant, from all liability on claims that
are the subject matter of such proceeding and (B) does not include any
statement as to an admission of fault, culpability or failure to act by or on
behalf of such Participant.

 

(c)                                  Promptly after receipt by an indemnified
party under this Section 8 of notice of the commencement of any action for
which such indemnified party is entitled to indemnification under this Section 8,
such indemnified party will, if a claim in respect thereof is to be made
against the indemnifying party under this Section 8, notify the
indemnifying party of the commencement thereof in writing; but the omission to
so notify the indemnifying party (i) will not relieve it from any
liability under paragraph (a) or (b) above unless and to the extent
such failure results in the forfeiture by the indemnifying party of substantial
rights and defenses and (ii) will not, in any event, relieve the
indemnifying party from any obligations to any indemnified party other than the
indemnification obligation provided in paragraphs (a) and (b) above.  In case any such action is brought against
any indemnified party, and it notifies the indemnifying party of the commencement
thereof, the indemnifying party will be entitled to participate therein and, to
the extent that it may wish, jointly with any other indemnifying party
similarly notified, to assume the defense thereof, with counsel reasonably
satisfactory to such indemnified party; provided, however, that
if (i) the use of counsel chosen by the indemnifying party to represent
the indemnified party would present such counsel with a conflict of interest, (ii) the
defendants in any such action include both the indemnified party and the
indemnifying party and the indemnified party shall have been advised by counsel
that there may be one or more legal defenses available to it and/or other
indemnified parties that are different from or additional to those available to
the indemnifying party, or (iii) the indemnifying party shall not have
employed counsel reasonably satisfactory to the indemnified party to represent
the indemnified party within a reasonable time after receipt by the
indemnifying party of notice of the institution of such action, then, in each
such case, the indemnifying party shall not have the right to direct the
defense of such action on behalf of such indemnified party or parties and such
indemnified party or parties shall have the right to select separate counsel to
defend such action on behalf of such indemnified party or parties.  After notice from the indemnifying party to
such indemnified party of its election so to assume the defense thereof and approval
by such indemnified party of counsel appointed to defend such action, the
indemnifying party will not be liable to such indemnified party under this Section 8
for any legal or other expenses, other than reasonable costs of investigation,
subsequently incurred by such indemnified party in connection with the defense
thereof, unless (i) the indemnified party shall have employed separate
counsel in accordance with the provisos to the immediately preceding sentence
(it being understood, however, that in connection with such action the
indemnifying party shall not be liable for the expenses of more than one
separate counsel (in addition to local counsel) in any one action or separate
but substantially similar actions in the same jurisdiction arising out of the
same general allegations or circumstances, designated by Participants who sold
a majority in interest of the Registrable Notes and Exchange Notes sold by all
such Participants in the case of paragraph (a) of this Section 8 or
the Issuers in the case of paragraph (b) of this 

 

25

 

Section 8,
representing the indemnified parties under such paragraph (a) or
paragraph (b), as the case may be, who are parties to such action or
actions) or (ii) the indemnifying party has authorized in writing the
employment of counsel for the indemnified party at the expense of the indemnifying
party.  All fees and expenses reimbursed
pursuant to this paragraph (c) shall be reimbursed as they are
incurred.  After such notice from the
indemnifying party to such indemnified party, the indemnifying party will not
be liable for the costs and expenses of any settlement of such action effected
by such indemnified party without the prior written consent of the indemnifying
party (which consent shall not be unreasonably withheld), unless such
indemnified party waived in writing its rights under this Section 8, in
which case the indemnified party may effect such a settlement without such
consent.

 

(d)                                 In circumstances in which the indemnity
agreement provided for in the preceding paragraphs of this Section 8 is
unavailable to, or insufficient to hold harmless, an indemnified party in
respect of any losses, claims, damages or liabilities (or actions in respect
thereof), each indemnifying party, in order to provide for just and equitable
contribution, shall contribute to the amount paid or payable by such indemnified
party as a result of such losses, claims, damages or liabilities (or actions in
respect thereof) in such proportion as is appropriate to reflect (i) the
relative benefits received by the indemnifying party or parties on the one hand
and the indemnified party on the other from the offering of the Notes or (ii) if
the allocation provided by the foregoing clause (i) is not permitted by
applicable law, not only such relative benefits but also the relative fault of
the indemnifying party or parties on the one hand and the indemnified party on
the other in connection with the statements or omissions or alleged statements
or omissions that resulted in such losses, claims, damages or liabilities (or
actions in respect thereof).  The
relative benefits received by the Company on the one hand and such Participant
on the other shall be deemed to be in the same proportion as the principal
amount of the Notes bears to the total income on net profit received by such
Participant in connection with holding and selling the Notes.  The relative fault of the parties 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, on the
one hand, or the Participants, on the other, the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission or alleged statement or omission, and any other equitable
considerations appropriate in the circumstances.  The parties agree that it would not be
equitable if the amount of such contribution were determined by pro rata or per
capita allocation or by any other method of allocation that does not take into
account the equitable considerations referred to in the first sentence of this
paragraph

 

(e)                                  Notwithstanding any other provision of
this paragraph (d), no Participant shall be obligated to make contributions
hereunder that in the aggregate exceed the total income on net profit received
by such Participant in connection with holding and selling the Notes, less the
aggregate amount of any damages that such Participant has otherwise been
required to pay by reason of the untrue or alleged untrue statements or the
omissions or alleged omissions to state a material fact, and 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.  For purposes of this paragraph (d), each
person, if any, who 

 

26

 

controls a
Participant within the meaning of Section 15 of the Securities Act or Section 20
of the Exchange Act shall have the same rights to contribution as the
Participants, and each director of the Issuers, each officer of the Issuers and
each person, if any, who controls the Issuers within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act, shall have the
same rights to contribution as the Issuers.

 

9.                                       Rules 144 and 144A

 

The
Issuers covenant and agree that they will file the reports required to be filed
by them under the Securities Act and the Exchange Act and the rules and
regulations adopted by the SEC thereunder in a timely manner in accordance with
the requirements of the Securities Act and the Exchange Act and, if at any time
the Company or any Guarantor is not required to file such reports, the Company
or such Guarantor, as the case may be, will, upon the request of any Holder or
beneficial owner of Registrable Notes, make available such documents and information
necessary to permit sales pursuant to Rule 144A. The Issuers further
covenant and agree, for so long as any Registrable Notes remain outstanding
that they will take such further action as any Holder of Registrable Notes may
reasonably request, all to the extent required from time to time to enable such
holder to sell Registrable Notes without registration under the Securities Act
within the limitation of the exemptions provided by Rule 144(k) under
the Securities Act and Rule 144A.

 

10.                                 Underwritten Registrations

 

If any
of the Registrable Notes covered by any Shelf Registration or Demand Registration
Statement are to be sold in an underwritten offering, the investment banker or
investment bankers and manager or managers that will manage the offering will
be selected by the Holders of a majority in aggregate principal amount of such
Registrable Notes included in such offering and shall be reasonably acceptable
to the Company.

 

No
Holder of Registrable Notes may participate in any underwritten registration
hereunder unless such Holder (a) agrees to sell such Holder’s Registrable
Notes on the basis provided in any underwriting arrangements approved by the
Persons entitled hereunder to approve such arrangements and (b) completes
and executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents required under the terms of such underwriting arrangements.

 

11.                                 Joinder Agreement

 

It
shall be a condition precedent for any subsequent holder or holders of Notes
(the “Transferee”) after the date of this Agreement, to be entitled to the
benefits of this Agreement, that such Transferee (i) become a party to
this Agreement by executing and delivering a joinder agreement hereto,
substantially in the form attached as Annex A hereto and (ii) execute
all such other agreements or documents as may reasonably be requested by the Company.

 

27

 

12.                                 Miscellaneous

 

(a)                                  No Inconsistent Agreements. 
None of the Issuers has, as of the date hereof, and none of the Issuers
shall, after the date of this Agreement, enter into any agreement with respect
to any of its securities that is inconsistent with the rights granted to the
Holders of Registrable Notes in this Agreement or otherwise conflicts with the
provisions hereof.  The rights granted to
the Holders hereunder do not in any way conflict with and are not inconsistent
with the rights granted to the holders of the Issuers’ other issued and
outstanding securities under any such agreements.  None of the Issuers will enter into any
agreement with respect to any of their securities that will grant to any Person
piggy-back registration rights with respect to any Registration Statement filed
pursuant to this Agreement.

 

(b)                                 Adjustments Affecting Registrable Notes. 
The Issuers shall not, directly or indirectly, take any action with
respect to the Registrable Notes as a class that would adversely affect the
ability of the Holders of Registrable Notes to include such Registrable Notes
in a registration undertaken pursuant to this Agreement.

 

(c)                                  Amendments and Waivers. 
The provisions of this Agreement may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof
may not be given, otherwise than with the prior written consent of (i) the
Issuers, and (ii)(A) the Holders of not less than a majority in aggregate
principal amount of the then outstanding Registrable Notes and (B) in
circumstances that would adversely affect the Participating Broker-Dealers, the
Participating Broker-Dealers holding not less than a majority in aggregate
principal amount of the Exchange Notes held by all Participating
Broker-Dealers; provided, however, that Section 8 and this Section 12(c) may
not be amended, modified or supplemented without the prior written consent of
each Holder and each Participating Broker-Dealer (including any person who was
a Holder or Participating Broker-Dealer of Registrable Notes or Exchange Notes,
as the case may be, disposed of pursuant to any Registration Statement)
affected by any such amendment, modification or supplement.  Notwithstanding the foregoing, a waiver or
consent to depart from the provisions hereof with respect to a matter that
relates exclusively to the rights of Holders of Registrable Notes whose securities
are being sold pursuant to a Registration Statement and that does not directly
or indirectly affect, impair, limit or compromise the rights of other Holders
of Registrable Notes may be given by Holders of at least a majority in
aggregate principal amount of the Registrable Notes being sold pursuant to such
Registration Statement. For the avoidance of doubt, any amendment,
modification, supplement or waiver to Section 4 hereof or any other provision
of this Agreement that affects only the Affiliate Holders may be amended,
modified, supplemented or waived by Holders who are affiliates holding at least
a majority in aggregate principal amount of the Registrable Notes held by
Holders who are affiliates at the time of such amendment, modification, supplement
or waiver.  In addition, this Agreement
may be amended or supplemented at any time to add a Transferee as a party to
this Agreement pursuant to Section 11 hereof without the consent of any
Holder of Registrable Securities.

 

28

 

(d)                                 Notices.  All notices
and other communications (including, without limitation, any notices or other
communications to the Trustee) provided for or permitted hereunder shall be
made in writing by hand-delivery, registered first-class mail, next-day air courier
or facsimile:

 

(i)                              if to a Holder of the Registrable Notes
or any Participating Broker-Dealer, at the most current address of such Holder
or Participating Broker-Dealer, as the case may be, set forth on the records of
the registrar under the Indenture; and

 

(ii)                           if to the Issuers, at the address as follows:

 

MxEnergy Holdings Inc.

595 Summer Street Suite 300

Stamford, CT 06901

Facsimile No.:(203) 975-9659

Attention:  Chief Executive Officer

 

with a copy to:

 

Paul, Hastings, Janofsky & Walker LLP 

75 East 55th Street  

New York, NY 10022 

Facsimile No.: (212) 230-7639

Attention:  Michael K. Chernick, Esq.

 

All
such notices and communications shall be deemed to have been duly given:  when delivered by hand, if personally
delivered; five Business Days after being deposited in the mail, postage
prepaid, if mailed; one Business Day after being timely delivered to a next-day
air courier; and upon written confirmation, if sent by facsimile.

 

Copies
of all such notices, demands or other communications shall be concurrently
delivered by the Person giving the same to the Trustee at the address and in
the manner specified in such Indenture.

 

(e)                                  Successors and Assigns. 
This Agreement shall inure to the benefit of and be binding upon the
successors and assigns of each of the parties hereto, the Holders and the
Participating Broker-Dealers; provided, however, that nothing
herein shall be deemed to permit any assignment, transfer or other disposition
of Registrable Notes in violation of the terms of the Indenture.

 

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

 

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

 

29

 

(h)                                 Governing Law. 
THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED
ENTIRELY WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS
OF LAW THAT WOULD REQUIRE THE APPLICATION OF ANY OTHER LAW.

 

(i)                                     Severability. 
If any term, provision, covenant or restriction of this Agreement is
held by a court of competent jurisdiction to be invalid, illegal, void or
unenforceable, the remainder of the terms, provisions, covenants and restrictions
set forth herein shall remain in full force and effect and shall in no way be
affected, impaired or invalidated, and the parties hereto shall use their best
efforts to find and employ an alternative means to achieve the same or
substantially the same result as that contemplated by such term, provision,
covenant or restriction.  It is hereby
stipulated and declared to be the intention of the parties that they would have
executed the remaining terms, provisions, covenants and restrictions without
including any of such that may be hereafter declared invalid, illegal, void or
unenforceable.

 

(j)                                     Notes Held by the Issuers or Their
Affiliates.  Except as expressly set forth in the penultimate
sentence of Section 12(c), whenever the consent or approval of Holders of
a specified percentage of Registrable Notes is required hereunder, Registrable
Notes held by the Issuers or their affiliates (as such term is defined in Rule 405
under the Securities Act) shall not be counted in determining whether such
consent or approval was given by the Holders of such required percentage.

 

(k)                                  Entire Agreement. 
This Agreement, together with the Indenture, is intended by the parties
as a final and exclusive statement of the agreement and understanding of the
parties hereto in respect of the subject matter contained herein and therein
and any and all prior oral or written agreements, representations, or
warranties, contracts, understandings, correspondence, conversations and
memoranda between the Holders on the one hand and the Issuers on the other, or
between or among any agents, representatives, parents, subsidiaries,
affiliates, predecessors in interest or successors in interest with respect to
the subject matter hereof and thereof are merged herein and replaced hereby.

 

30

 

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

 

	
   

  	
   

  	
  MXENERGY HOLDINGS INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Jeffrey A. Mayer

  
	
   

  	
   

  	
   

  	
  Name: Jeffrey A. Mayer

  
	
   

  	
   

  	
   

  	
  Title: President and
  Chief Executive Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  THE GUARANTORS NAMED IN
  SCHEDULE 1 ATTACHED HERETO

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Jeffrey A. Mayer

  
	
   

  	
   

  	
   

  	
  Name: Jeffrey A. Mayer

  
	
   

  	
   

  	
   

  	
  Title:
  President of Guarantors and Chief Executive Officer of MxEnergy Services Inc.

  
	
   

  	
   

  	
   

  
	
  The foregoing Agreement
  is hereby confirmed and accepted as of the date first above written.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  NOTE HOLDER

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
  Morgan
  Stanley & Co., Inc.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Illegible

  	
   

  	
   

  
	
   

  	
  Name: blank

  	
   

  	
   

  
	
   

  	
  Title:blank

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Hare & Co.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Jennifer Ye

  	
   

  	
   

  
	
   

  	
  Name: Jennifer Ye

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  

 

 

	
  Name:

  	
  Hare & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Jennifer Ye

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Jennifer Ye

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Hare & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Jennifer Ye

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Jennifer Ye

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Hare & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Jennifer Ye

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Jennifer Ye

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  PENY & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Jennifer Ye

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Jennifer Ye

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  PENY & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Jennifer Ye

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Jennifer Ye

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Hare & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Jennifer Ye

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Jennifer Ye

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  

 

2

 

	
  Name:

  	
  Seapaddle &
  Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Seine & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Seine & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Seine & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Marrow & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Meadmarker &
  Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  	
   

  

 

3

 

	
  Name:

  	
  Eskimo & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Custody Clerk

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  British & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Custody Clerk

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Beacongale &
  Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Saltship & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Brian O’Leary

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Bigbell & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Custody Clerk

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Fiddles & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Custody Clerk

  	
   

  	
   

  	
   

  

 

4

 

	
  Name:

  	
  Mellon Trust of New
  England, N.A.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ illegible

  	
   

  	
   

  	
   

  
	
   

  	
  Name: blank

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Camulos Master Fund LP

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael P. Iuliano

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Michael P.
  Iuliano

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Authorized
  Signatory

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Camulos Loan Vehicle
  Fund I LP

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael P. Iuliano

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Michael P.
  Iuliano

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Authorized
  Signatory

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Mariner CRA Relative
  Value Fund

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Barry Campbell

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Barry Campbell

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Principal

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Battery Park High Yield
  Opportunity Master Fund Ltd.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ David Crall

  	
   

  	
   

  	
   

  
	
   

  	
  Name: David Crall

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Portfolio
  Manager

  	
   

  	
   

  	
   

  

 

5

 

	
  Name:

  	
  Battery Park High Yield
  Opportunity Strategic Fund, Ltd.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ David Crall

  	
   

  	
   

  	
   

  
	
   

  	
  Name: David Crall

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Portfolio
  Manager

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Battery Park High Yield
  Long Short Fund Ltd.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ David Crall

  	
   

  	
   

  	
   

  
	
   

  	
  Name: David Crall

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Portfolio
  Manager

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Velvet & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Custody Clerk

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Forehooks &
  Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Custody Clerk

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Wharfnet & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Custody Clerk

  	
   

  	
   

  	
   

  

 

6

 

	
  Name:

  	
  Richard Burns

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Richard Burns

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Richard Burns

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Account Owner

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Jason Joffe

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Jason Joffe

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Richard Burns

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Account Owner

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Allison G. Young

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Allison G. Young

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Allison G. Young

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Allison G. Young

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Allison G. Young

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Allison G. Young

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Taconic Capital
  Partners LP

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Joshua Miller

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Joshua Miller

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Principal

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Deutsche Bank
  Securities, Inc.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ illegible

  	
   

  	
   

  	
   

  
	
   

  	
  Name: blank

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  

 

7

 

	
  Name:

  	
  Taconic Master Fund 1.5
  LP

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Joshua Miller

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Joshua Miller

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Principal

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Taconic Master Fund 1.5
  LP

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Joshua Miller

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Joshua Miller

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Principal

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Taconic Opportunity
  Master Fund LP 

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Joshua Miller

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Joshua Miller

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Principal

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Taconic Opportunity Master
  Fund LP 

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Joshua Miller

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Joshua Miller

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Principal

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Camulos Loan Vehicle
  Fund I LP 

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Chris Manz

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Chris Manz

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Authorized
  Signatory

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  AMZAK Capital

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ illegible

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Kazma

  	
   

  	
   

  	
   

  
	
   

  	
  Title: President

  	
   

  	
   

  	
   

  

 

8

 

	
  Name:

  	
  UBS Financial Services
  Inc.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Luis Fernandes

  	
   

  	
   

  
	
   

  	
  Name: Luis Fernandes

  	
   

  	
   

  
	
   

  	
  Title: Sr. Rep. Corp.
  Actions

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  UBS Financial Services
  Inc.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Luis Fernandes

  	
   

  	
   

  
	
   

  	
  Name: Luis Fernandes

  	
   

  	
   

  
	
   

  	
  Title: Sr. Rep. Corp.
  Actions

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  UBS Financial Services
  Inc.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Luis Fernandes

  	
   

  	
   

  
	
   

  	
  Name: Luis Fernandes

  	
   

  	
   

  
	
   

  	
  Title: Sr. Rep. Corp.
  Actions

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  UBS Financial Services
  Inc.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Luis Fernandes

  	
   

  	
   

  
	
   

  	
  Name: Luis Fernandes

  	
   

  	
   

  
	
   

  	
  Title: Sr. Rep. Corp.
  Actions

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  UBS Financial Services
  Inc.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Luis Fernandes

  	
   

  	
   

  
	
   

  	
  Name: Luis Fernandes

  	
   

  	
   

  
	
   

  	
  Title: Sr. Rep. Corp.
  Actions

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  UBS Financial Services
  Inc.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Luis Fernandes

  	
   

  	
   

  
	
   

  	
  Name: Luis Fernandes

  	
   

  	
   

  
	
   

  	
  Title: Sr. Rep. Corp.
  Actions

  	
   

  	
   

  

 

9

 

	
  Name:

  	
  UBS Financial Services
  Inc.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Luis Fernandes

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Luis Fernandes

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Sr. Rep. Corp. Actions

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  UBS Financial Services
  Inc.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Luis Fernandes

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Luis Fernandes

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Sr. Rep. Corp.
  Actions

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  UBS Financial Services
  Inc.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Luis Fernandes

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Luis Fernandes

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Sr. Rep. Corp.
  Actions

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  UBS Financial Services Inc.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Luis Fernandes

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Luis Fernandes

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Sr. Rep. Corp.
  Actions

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Hare & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ illegible

  	
   

  	
   

  	
   

  
	
   

  	
  Name: blank

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Hare & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ illegible

  	
   

  	
   

  	
   

  
	
   

  	
  Name: blank

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  

 

10

 

	
  Name:

  	
  Morgan
  Stanley & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ illegible

  	
   

  	
   

  	
   

  
	
   

  	
  Name: blank

  	
   

  	
   

  	
   

  
	
   

  	
  Title: blank

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Goldman
  Sachs & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ illegible

  	
   

  	
   

  	
   

  
	
   

  	
  Name: illegible

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  The Variable Annuity
  Life Insurance Company

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Tim Lindvall

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Tim Lindvall

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  The Western National
  Life Insurance Company (k/k/a 

  	
   

  	
   

  	
   

  
	
  AIG Annuity Insurance
  Company)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Tim Lindvall

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Tim Lindvall

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  UBS Financial Services
  Inc.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Luis Fernandes

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Luis Fernandes

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Sr. Rep. Corp.
  Actions

  	
   

  	
   

  	
   

  

 

11

 

	
  Name:

  	
  UBS Financial Services
  Inc.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Luis Fernandes

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Luis Fernandes

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Sr. Rep. Corp.
  Actions

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Newport & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Custody Clerk

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Fleetbird & Co.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Michael Feeley

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Custody Clerk

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Taconic Master Fund LP

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Joshua Miller

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Joshua Miller

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Principal

  	
   

  	
   

  	
   

  

 

 

Address
for Notices:

 

 

 

12

 

SCHEDULE 1

 

Guarantors

 

	
  Company

  	
   

  	
  Jurisdiction of

  Organization

  
	
   

  	
   

  	
   

  
	
  MxEnergy Capital
  Holdings Corp.

  	
   

  	
  Delaware

  
	
   

  	
   

  	
   

  
	
  MxEnergy Capital
  Corp.

  	
   

  	
  Delaware

  
	
   

  	
   

  	
   

  
	
  Online Choice Inc.

  	
   

  	
  Delaware

  
	
   

  	
   

  	
   

  
	
  MxEnergy Gas Capital
  Holdings Corp.

  	
   

  	
  Delaware

  
	
   

  	
   

  	
   

  
	
  MxEnergy Electric
  Capital Holdings Corp.

  	
   

  	
  Delaware

  
	
   

  	
   

  	
   

  
	
  MxEnergy Services
  Inc.

  	
   

  	
  Delaware

  
	
   

  	
   

  	
   

  
	
  Infometer.com Inc.

  	
   

  	
  Delaware

  
	
   

  	
   

  	
   

  
	
  MxEnergy Gas Capital
  Corp.

  	
   

  	
  Delaware

  
	
   

  	
   

  	
   

  
	
  MxEnergy Electric
  Capital Corp.

  	
   

  	
  Delaware

  
	
   

  	
   

  	
   

  
	
  MxEnergy Inc.

  	
   

  	
  Delaware

  
	
   

  	
   

  	
   

  
	
  MxEnergy Electric
  Inc.

  	
   

  	
  Delaware

  

 

 

ANNEX A

 

Form of
Joinder Agreement

 

 

JOINDER AGREEMENT

 

Reference is hereby made to the Registration
Rights Agreement, dated                   ,
2009 (the “Registration Rights Agreement”), by and among MxEnergy Holding Inc.
(the “Company”), the guarantors listed on Schedule 1 thereto and the holders of the 13.25% Senior
Subordinated Secured Notes due 2014 (the “Notes”).  Unless otherwise defined herein,
terms defined in the Registration Rights Agreement and used herein shall have
the meanings given to them in the Registration Rights Agreement.

 

The undersigned, as a
receipt of the Notes (the “Transferee”) from the Note Holders, hereby
unconditionally and irrevocably expressly assumes, confirms and agrees to
perform and observe each and any of the covenants, agreements, terms,
conditions, obligations, promises and liabilities of a Note Holder under the
Registration Rights Agreement as if it were an original signatory thereto.

 

The undersigned hereby agrees to promptly execute and
deliver any and all further documents and take such further action the Company
may reasonably require to effect the purpose of this Joinder Agreement.

 

This Joinder Agreement shall be effective immediately
upon consummation of the Transactions.

 

This Joinder Agreement shall be governed by and
construed in accordance with the laws of the State of New York.

 

[Signature Page Follows]

 

A-1

 

IN WITNESS WHEREOF, the undersigned have executed this
Joinder Agreement this       day of           ,
2009.

 

 

	
   

  	
  TRANSFEREE OF NOTES

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

A-2Exhibit 4.8

 

SECOND
SUPPLEMENTAL INDENTURE

 

SECOND SUPPLEMENTAL INDENTURE, dated as of September 22,
2009 (the “Second Supplemental Indenture”), by and among MxEnergy
Holdings Inc., a Delaware corporation (the “Company”), the guarantors
party hereto (the “Guarantors”) and Law Debenture Trust Company of New
York, as trustee (the “Trustee”), to the Indenture, dated as of August 4,
2006, among the Company, the subsidiary guarantors named therein, the Trustee
and Deutsche Bank Trust Company Americas, as paying agent and registrar, as amended by the First Supplemental
Indenture, dated as of August 1, 2007, by and among the Company,
the guarantors party thereto, and the Trustee (together, the “Indenture”).  Capitalized terms used in this Second
Supplemental Indenture and not otherwise defined herein shall have the meanings
assigned to such terms in the Indenture.

 

WITNESSETH:

 

WHEREAS, the Company, the guarantors thereto
and the Trustee have heretofore executed and delivered the Indenture providing
for the issuance of Floating Rate Senior Notes due 2011 (the “Notes”) of
the Company;

 

WHEREAS, Section 9.2 of the Indenture
provides that the Company, the Trustee and the Guarantors may, with the consent
of the Holders of at least a majority in principal amount of the Notes then
outstanding (including consents obtained in connection with a tender offer for
the Notes), amend or supplement the Indenture and/or the Notes;

 

WHEREAS, the Company has offered to exchange
any and all of the outstanding Notes, excluding Notes owned by the Company, upon
the terms and subject to the conditions set forth in the Confidential Offering
Memorandum and Consent Solicitation Statement, dated June 26, 2009, as
supplemented on July 2, 2009, July 13, 2009, July 17, 2009, July 28,
2009, August 3, 2009, August 10, 2009 and August 13, 2009, as
amended and restated on August 14, as supplemented on August 31, 2009
and September 4, 2009 and as further amended and restated on September 14,
2009, and the related Letter of Transmittal, dated July 2, 2009(the “Offer”);

 

WHEREAS, the Offer is conditioned upon, among
other things, the proposed amendments (the “Proposed Amendments”) to the
Indenture set forth herein having been approved by at least a majority in
aggregate principal amount of the Notes outstanding (excluding Notes owned by
the Company or any of its affiliates) (the “Requisite Consents”), with
such Proposed Amendments becoming operative with respect to the Indenture upon
the acceptance for exchange of Notes representing at least the Requisite Consents
pursuant to the Offer (the “Acceptance”);

 

WHEREAS, the Company has certified in an
officers’ certificate delivered to the Trustee that it has received the
Requisite Consents to effect the Proposed Amendments under the Indenture;

 

WHEREAS, the Company has been authorized by a
resolution of its Board of Directors to enter into this Second Supplemental
Indenture; and

 

 

WHEREAS, all other acts and proceedings
required by law, by the Indenture and the amended and restated certificate of
incorporation and amended restated by-laws of the Company to make this Second
Supplemental Indenture a valid and binding agreement of the Company for the
purposes expressed herein, in accordance with its terms, have been duly done
and performed.

 

NOW THEREFORE, in consideration of the
premises and the covenants and agreements contained herein, and for other good
and valuable consideration the receipt of which is hereby acknowledged, and for
the equal and proportionate benefit of the Holders of the Notes, the Company,
the Guarantors and the Trustee hereby agree as follows:

 

Article I.

 

Amendments to the Indenture
and the Notes

 

1.1           Amendment of Sections 3.9 through 3.10. 
Sections 3.9 through 3.10 of the Indenture, inclusive, are hereby
deleted in their entirety and each Section is replaced with the following:
“[intentionally omitted]”.

 

1.2           Amendment of Sections 4.3 through 4.12. 
Sections 4.3 through 4.12 of the Indenture, inclusive, are hereby
deleted in their entirety and each Section is replaced with the following:
“[intentionally omitted]”.

 

1.3           Amendment of Sections 4.14 through 4.16. 
Sections 4.14 through 4.16 of the Indenture, inclusive, are hereby
deleted in their entirety and each Section is replaced with the following:
“[intentionally omitted]”.

 

1.4           Amendment of Sections 4.18 through 4.19. 
Sections 4.18 through 4.19 of the Indenture, inclusive, are hereby
deleted in their entirety and each Section is replaced with the following:
“[intentionally omitted]”.

 

1.5           Amendment of Section 5.1.  Section 5.1
of the Indenture is hereby deleted in its entirety and is replaced with the
following: “[intentionally omitted]”.

 

1.6           Amendment of Section 6.1.  Clause
(b) of Section 6.1 is hereby amended by deleting the parenthetical
language “(including the failure to make a payment to purchase Notes tendered
pursuant to a Change of Control Offer or a Net Proceeds Offer)” at the end of Clause (b). Clause (c) through (g), inclusive, of Section 6.1
of the Indenture are hereby deleted in their entirety and replaced with the
following: “[intentionally omitted]”.

 

1.7           Amendment of Defined Terms.  All
terms defined in Sections 1.1 and 1.2 of the Indenture and contained in the
Articles, Sections and Clauses of the Indenture deleted pursuant to Article I
of this Second Supplemental Indenture, but not otherwise used elsewhere in the
Indenture, are hereby deleted in their entirety.

 

 

1.8           Amendment of Section References.  All
references in the Indenture to the Articles, Sections and Clauses of the
Indenture deleted pursuant to this Article I of this Second Supplemental
Indenture are hereby deleted in their entirety.

 

1.9           Amendment to Notes.  The
Notes are hereby amended to delete all provisions inconsistent with the
amendments to the Indenture effected by this Article I of this Second
Supplemental Indenture.

 

Article II.

 

Effectiveness

 

2.1           Effectiveness of this Second Supplemental
Indenture.  This Second Supplemental Indenture is entered
into pursuant to and consistent with Section 9.2 of the Indenture, and
nothing herein shall constitute a waiver, amendment, modification or deletion
of the Indenture requiring the approval of each Holder affected thereby
pursuant to clauses (1) through (8) of the second paragraph of Section 9.2
of the Indenture.  Upon the execution of
this Second Supplemental Indenture by the Company, the Guarantors and the
Trustee, the Indenture shall be amended and supplemented in accordance
herewith, and this Second Supplemental Indenture shall form a part of the
Indenture for all purposes and each Holder shall be bound hereby and thereby; provided,
however, that the provisions of the Indenture referred to in Article I
above (such provisions being referred to as the “Amended Provisions”)
will remain in effect in the form they existed prior to the execution of this
Second Supplemental Indenture, and the waivers, amendments, modifications and
deletions to the Amended Provisions will not become operative, and the terms of
the Indenture will not be waived, amended, modified or deleted, in each case,
until the Acceptance.

 

Article III.

 

Miscellaneous

 

3.1           Continuing Effect of the Indenture. 
Except as expressly provided herein, all of the terms, provisions and
conditions of the Indenture and the Notes outstanding thereunder shall remain
in full force and effect.

 

3.2           Reference and Effect on the Indenture.  On
and after the Acceptance, each reference in the Indenture to “the Indenture,” “this
Indenture,” “hereunder,” “hereof” or “herein” shall mean and be a reference to
the Indenture as supplemented by this Second Supplemental Indenture, unless the
context otherwise requires.

 

3.3           Trust Indenture Act Controls.  If
any provision of this Second Supplemental Indenture limits, qualifies or
conflicts with a provision of the TIA or another provision that would be
required or deemed under such Act to be part of and govern this Second
Supplemental Indenture if this Second Supplemental Indenture were subject
thereto, the latter provision shall control. 
If any provision of this Second 

 

 

Supplemental Indenture
modifies or excludes any provision of the TIA that may be so modified or
excluded, the latter provision shall be deemed to apply to this Second
Supplemental Indenture as so modified or to be excluded, as the case may be.

 

3.4           Governing Law.  THE
VALIDITY AND INTERPRETATION OF THIS SECOND SUPPLEMENTAL INDENTURE, THE
INDENTURE, THE GUARANTEES, IF ANY, AND THE NOTES SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, BUT WITHOUT
GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE
APPLICATION OF THE LAW OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.  EACH PARTY HERETO AGREES TO SUBMIT TO THE
JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN IN
THE CITY OF NEW YORK OR ANY FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN
IN THE CITY OF NEW YORK IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING
OUT OF OR RELATING TO THIS SECOND SUPPLEMENTAL INDENTURE, THE INDENTURE, THE
GUARANTEES, IF ANY, AND THE NOTES, AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN
RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, JURISDICTION OF THE
AFORESAID COURTS IN RESPECT OF SUCH SUIT OR ACTION OR PROCEEDING ARISING OUT OF
OR RELATING TO THIS SECOND SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES AND
THE GUARANTEES.  EACH OF THE TRUSTEE, THE
COMPANY AND ANY GUARANTOR IRREVOCABLY WAIVES, TO THE FULLEST EXTENT THAT IT MAY EFFECTIVELY
DO SO UNDER APPLICABLE LAW, TRIAL BY JURY AND ANY OBJECTION WHICH IT MAY NOW
OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION
OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT
FORUM.  Nothing herein shall affect the
right of the Trustee or any Holder of the Notes to serve process in any other
manner permitted by law or to commence legal proceedings or otherwise proceed
against the Company or any Guarantor in any other jurisdiction.

 

3.5           Severability.  In
case any provision of this Second Supplemental Indenture, the Indenture or in
the Notes or any guarantee shall be held to be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.

 

3.6           Counterpart Originals.  The
parties may sign any number of copies of this Second Supplemental
Indenture.  Each signed copy shall be an
original, but all of them together shall represent the same agreement.

 

3.7           Headings.  The headings of the Articles
and Sections of this Second Supplemental Indenture, which have been inserted
for convenience of reference only, are not to be considered a part of this
Second Supplemental Indenture and shall in no way modify or restrict any of the
terms or provisions hereof.

 

 

IN WITNESS WHEREOF, the parties have caused
this Second Supplemental Indenture to be duly executed as of the date first
written above.

 

 

	
   

  	
  MXENERGY
  HOLDINGS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  Jeffrey A. Mayer

  
	
   

  	
  Name:
  Jeffrey A. Mayer

  
	
   

  	
  Title:
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MXENERGY
  CAPITAL HOLDINGS CORP.

  
	
   

  	
  MXENERGY
  CAPITAL CORP.

  
	
   

  	
  ONLINE
  CHOICE INC.

  
	
   

  	
  MXENERGY
  GAS CAPITAL HOLDINGS CORP.

  
	
   

  	
  MXENERGY
  ELECTRIC CAPITAL HOLDINGS CORP.

  
	
   

  	
  MXENERGY
  SERVICES INC.

  
	
   

  	
  INFOMETER.COM
  INC.

  
	
   

  	
  MXENERGY
  GAS CAPITAL CORP.

  
	
   

  	
  MXENERGY
  ELECTRIC CAPITAL CORP.

  
	
   

  	
  MXENERGY
  INC.

  
	
   

  	
  MXENERGY
  ELECTRIC INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/
  Jeffrey A. Mayer

  
	
   

  	
  Name: Jeffrey A. Mayer

  
	
   

  	
  Title: President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  LAW
  DEBENTURE TRUST COMPANY OF NEW YORK,

  
	
   

  	
  as
  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  Anthony A. Bocchino

  
	
   

  	
  Name:
  Anthony A. Bocchino

  
	
   

  	
  Title:
  Vice President

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