Document:

Debenture Agreement

    
      

    

     

    EMERITUS
      CORPORATION

     

     

    AGREEMENT
      REGARDING 6.25% CONVERTIBLE SUBORDINATED DEBENTURES DUE
      2006

     

     

    This
      Agreement entered into as of June 30, 2005 is between Emeritus Corporation
      (the "Company"), Saratoga Partners IV, LP, Saratoga Management Company LLC,
      Saratoga Coinvestment IV LLC (collectively, the "Saratoga Entities"), Columbia
      Select, L.P. and Catalina General, L.P. (collectively, the "Baty
      Entities").

     

    RECITALS

     

    A. The
      Company has outstanding $32 million 6.25% Convertible Subordinated
      Debentures due 2006 (the "Debentures"). The Debentures are governed by an
      Indenture dated as of February 15, 1996 between the Company and Fleet
      National Bank, as Trustee (the "Indenture").

     

    B. The
      Saratoga Entities own an aggregate of $5,000,000 principal amount of the
      Debentures as set forth on Exhibit A to this Agreement (the "Saratoga
      Holdings").

     

    C. The
      Baty
      Entities own an aggregate of $15,790,179 principal amount of the Debentures
      as
      set forth on Exhibit A to this Agreement (the "Baty
      Holdings").

     

    D. The
      Company intends to offer to exchange New Debentures (as defined below) for
      all
      of the outstanding Debentures, whether they are owned by the Saratoga Entities
      or the Baty Entities or otherwise, in a formal Exchange Offer (as defined
      below).

     

    E. The
      Saratoga Entities and Baty Entities are prepared, on the terms and conditions
      of
      this Agreement, to purchase New Debentures to the extent that Debentures are
      not
      exchanged in the Exchange Offer.

     

    AGREEMENT

     

    As
      parties hereto, the Company, each of the Saratoga Entities and each of the
      Baty
      Entities agree:

     

    1. Terms
      of the New Debentures and the Exchange Offer

     

    (a) The
      New Debentures. The
      convertible subordinated debentures that the Company intends to offer in the
      Exchange Offer (as defined below) for the Debentures (the "New Debentures")
      shall have the same terms as the Debentures and be governed by an indenture
      (the
      "New Indenture") containing the same terms as the Indenture, except for the
      following changes: 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (i) the
      principal amount and all accrued interest of New Debentures shall be paid on
      June 30, 2008, and all other dates that are determined by or relate
      to the
      maturity date of the Debentures shall be adjusted accordingly;

     

    (ii) the
      Company shall have no right of redemption as provided under Section 3
      of
      the Indenture; and 

     

    (iii) the
      interest rate paid under the New Debentures shall be 8.0%, commencing on the
      day
      following the issuance thereof.

     

    (b) Exchange
      Offer. The
      Company intends to exchange New Debentures for Debentures (the "Exchange Offer")
      on the following terms and conditions: 

     

    (i) the
      principal amount of New Debentures issued in the Exchange Offer shall be the
      same as the principal amount of Debentures exchanged;

     

    (ii) the
      Exchange Offer shall be outstanding for a minimum of 20 business
      days;

     

    2. Purchase
      of Additional New Debentures

     

    If,
      at
      the expiration of the Exchange Offer, any Debentures have not been exchanged
      for
      New Debentures, then the Saratoga Entities and the Baty Entities shall purchase
      a principal amount of New Debentures equal to the principal amount of Debentures
      that have not been exchanged, excluding any Debentures that have not been
      exchanged by any of the Saratoga Entities or Baty Entities, (the "Additional
      New
      Debentures") on the following terms and conditions:

     

    (i) The
      Saratoga Entities, as a group, shall purchase 24.0% of the Additional New
      Debentures and the Baty Entities, as a group, shall purchase 76% of the
      Additional New Debentures, unless the Saratoga Entities and the Baty Entities
      agree on a different allocation of purchase. The Saratoga Entities and the
      Baty
      Entities may allocate such purchases among their respective entities at their
      discretion.

     

    (ii) As
      soon
      as the information is available, the Company shall notify the Saratoga Entities
      and Baty Entities in writing of the amount Debentures owned by holders that
      failed to accept the Exchange Offer and the obligation of each to purchase
      Additional New Debentures.

     

    (iii) The
      purchase of the Additional New Debentures in accordance with this Section 3
      shall be closed and the New Debentures paid for on December 30,
      2005.

     

    If
      any of
      the Saratoga Entities or Baty Entities continue to own Debentures following
      the
      expiration of the Exchange Offer, such Saratoga Entity or Baty Entity shall
      on
      December 30, 

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    2005,
      in
      addition to any other purchase requirements contained in this Section 2,
      purchase a principal amount of New Debentures equal to the principal amount
      of
      Debentures so retained and such entity shall, at its election, pay for such
      principal amount of New Debentures in cash or by surrender of such retained
      Debentures.

     

    3. General
      Provisions

     

    (a) Amendment
      and Waiver.
      No
      waiver of or consent to any departure by any of the parties from any provision
      of this Agreement shall be effective unless in writing and signed by the party
      entitled to the benefit thereof. No amendment, modification or termination
      of
      any provision of this Agreement shall be effective unless in writing and signed
      by or on behalf of the parties.

     

    (b) Notices.
      All
      notices and demands provided for hereunder shall be in writing, and shall be
      given by registered or certified mail, return receipt requested, telecopy,
      courier service or personal delivery, and, if to one of the Saratoga Entities,
      addressed to Saratoga Management Company LLC at:

     

    Saratoga
      Management Company LLC

    535
      Madison Avenue

    New
      York,
      NY 10022

    Attention:
      Charles P. Durkin

    Telephone:
      (212) 906-7044

    Fax:
      (212) 750-3343

     

    or
      to
      such other address as a Saratoga Entity may designate in writing and, if to
      a
      Baty Entity, addressed to Columbia Pacific Management, Inc. at:

     

    Columbia
      Pacific Management, Inc.

    600
      University Street, Suite 2500

    Seattle,
      Washington 98101

    Attention: Daniel
      R.
      Baty

    Telephone: (206)
      728-9063

    Fax: (206)
      728-9327

     

    or
      to
      such other address as a Baty Entity may designate in writing and, if to the
      Company, addressed to the Company at:

     

    Emeritus
      Corporation

    3131
      Elliot Avenue, Suite 500

    Seattle,
      Washington 98121

    Attention: Raymond
      R. Brandstrom

    Telephone: (206)
      298-2909

    Fax: (206)
      301-4500

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

     

    With
      a
      copy to:

     

    Perkins
      Coie

    1201
      Third Avenue

    Seattle,
      Washington 98101

    Attention: Michael
      E. Stansbury, Esq.

    Telephone: (206)
      359-8771

    Fax: (206)
      359-9771

     

    or
      to
      such other address as the Company may designate in writing. All such notices
      and
      demands shall be deemed given when received.

     

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

     

    (d) Binding
      Effect; Assignment.
      The
      rights of the Saratoga Entities, the Baty Entities or the Company under this
      Agreement may not be assigned to any other Person except with the prior written
      consent of the other parties hereto. This Agreement shall not be construed
      so as
      to confer any right or benefit upon any Person other than the parties to this
      Agreement, and their respective successors and permitted assigns. This Agreement
      shall be binding upon the Company, the Saratoga Entities and the Baty Entities,
      and their respective successors and permitted assigns.

     

    (e) Governing
      Law.
      This
      Agreement shall be deemed to be a contract made under the laws of the state
      of
      Washington, and for all purposes shall be construed in accordance with the
      laws
      of said state, without regard to principles of conflicts of laws.

     

    (f) Severability.
      Any
      provision of this Agreement that is prohibited or unenforceable in any
      jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
      such prohibition or unenforceability without invalidating the remaining
      provisions hereof or affecting the validity or enforceability of such provision
      in any other jurisdiction.

     

    (g) Headings.
      The
      Article and Section headings used or contained in this Agreement are for
      convenience of reference only and shall not affect the construction of this
      Agreement.

     

    (h) No
      Reliance.
      Each
      party hereto acknowledges that it has obtained separate advice with respect
      to
      the legal, tax and accounting consequences of the transactions contemplated
      by
      this Agreement, and that it has neither sought nor relied upon any such advice
      from any other party hereto.

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

     

    (i) Entire
      Agreement.
      This
      Agreement constitutes the entire agreement among the parties with respect to
      the
      subject matter hereof, and, as of the date hereof, there are no promises or
      undertakings with respect thereto relative to the subject matter hereof not
      expressly set forth or referred to herein or therein.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

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

     

    COMPANY

                                                                                                    
      EMERITUS CORPORATION

     

    By
      /s/
      Raymond R. Brandstrom

                                                                                                               Raymond
      R. Brandstrom

     

    
      SARATOGA
        ENTITIES

                                                                                                         
        SARATOGA PARTNERS IV, LP

       

      By:     SARATOGA
        ASSOCIATES IV LLC

                                                                                                     
        By:     SARATOGA MANAGEMENT
                   COMPANY
        LLC,
        its Manager

       

                 By /s/Charles
        P. Durkin, Jr.

                                                                                                                           Charles
        P. Durkin, Jr.

       

      SARATOGA
        COINVESTMENT IV LLC

       

      By:     SARATOGA
        MANAGEMENT
                   COMPANY
        LLC,
        its Manager

       

                 By
        /s/Charles
        P. Durkin, Jr.

                                                                                                                
                  Charles
        P. Durkin, Jr.

       

      SARATOGA
        MANAGEMENT COMPANY LLC

                                                                                                                 By
        /s/Charles
        P. Durkin, Jr.

                                                                                                                      
            Charles
        P. Durkin, Jr.

       

    

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    BATY
      ENTITIES

     

    COLUMBIA
      SELECT, L.P.

     

    By:     B.F.,
      LIMITED PARTNERSHIP,
                 General
      Partner

                                                                                                   
      By:     COLUMBIA-PACIFIC GROUP,
                 INC.,
      General
      Partner

     

               By
      /s/
      Daniel R. Baty

                                                                                                          
                     Daniel
      R. Baty, President

     

    CATALINA
      GENERAL, L.P.

     

    By:     B.F.,
      LIMITED PARTNERSHIP,
                 General
      Partner

                                                                                                   
      By:     COLUMBIA-PACIFIC GROUP,
                 INC.,
      General
      Partner

     

               By
      /s/
      Daniel R. Baty

                                                                                                           
                     Daniel
      R. Baty, President

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

        
        

      

    

     

    EXHIBIT A

     

    OWNERSHIP
      OF DEBENTURES

     

    

    
      	
               

              Holder

            	 	
               

              Principal
                Amount

            	 
	
               

              Saratoga
                Partners IV, LP

            	 	
              
              

              $

            	
              
              

              4,710,000

            	 
	
               

              Saratoga
                Coinvestment IV LLC

            	 	 	
              
              

              100,000
                

            	 
	
               

              Saratoga
                Management Company LLC

            	 	 	
              
              

              190,000
                

            	 
	
               

              Columbia
                Select, L.P.

            	 	 	
              
              

              8,940,179
                

            	 
	
               

              Catalina
                General, L.P.

            	 	 	
              
              

              6,850,000
                

            	 
	
               

                     Total

            	 	
              
              

              $

            	
              
              

              20,790,179

            	 

    

     

    

    
      
        
        

      

      
        8Exhibit 10.1

    
      
        

      

      Exhibit
        10.1

      

      REGISTRATION
        RIGHTS AGREEMENT

      
 

      REGISTRATION
        RIGHTS AGREEMENT (this “Agreement”),
        dated
        as of June 30, 2005, between LIMELIGHT MEDIA GROUP, INC., a Nevada corporation
        (the “Company”),
        and
        each Person whose name appears on Schedule
        A
        attached
        hereto (each a “Former
        IMPART Shareholder”).

       

      W 
        I  T  N  E  S
 S  E  T
 H:

      

      

      WHEREAS,
        pursuant to the terms of an Agreement and Plan of Merger dated as of June
        30,
        2005 (the “Merger
        Agreement”)
        between the Company, IMPART, Inc., a Washington corporation (“IMPART”),
        and
        Limelight Merger II Corp., a Washington corporation, on the date hereof,
        the
        Company has agreed to issue to certain Former IMPART Shareholders such number
        of
        shares of Common Stock, $.001
        par
        value, of the Company as determined pursuant to the Merger Agreement;
        and

      

      WHEREAS,
        as a
        condition precedent to the consummation of the transactions contemplated
        by the
        Merger Agreement, the Company has agreed to provide certain registration
        rights
        pursuant to the terms of this Agreement; 

       

      NOW,
        THEREFORE,
        in
        consideration of the mutual covenants and obligations hereinafter set forth,
        the
        parties hereto, intending to be legally bound, hereby agree as
        follows:

      

      1.           
         Definitions.   
        For purposes of this Agreement, capitalized terms used herein shall have
        the
        meanings set forth in the preambles hereto and in this Section 1.

       

      1.1  
         “Additional
        Shares”
        shall
        have the meaning assigned in Section 2.2.

      

      1.2  
         “Commission”
        shall
        mean the Securities and Exchange Commission or any other federal agency at
        the
        time administering the Securities Act.

      

      1.3  
         “Common
        Stock”
        shall
        mean the common stock, par value $.001
        per
        share, of the Company or, in the case of a conversion, reclassification or
        exchange of such shares of such Common Stock, shares of the stock issued
        or
        issuable in respect of such shares of Common Stock, and all provisions of
        this
        Agreement shall be applied appropriately thereto and to any stock resulting
        therefrom.

      

      1.4  
         “Demand
        Date”
        shall
        have the meaning assigned in Section 2.1.

      
         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      1.5  
         “Exchange
        Act”
        shall
        mean the Securities Exchange Act of 1934, as amended, or any similar federal
        statute enacted hereafter, and the rules and regulations of the Commission
        thereunder, all as the same shall be in effect from time to time.

      

      1.6  
         “Form
        S-3”
        means
        such form under the Securities Act as in effect on the date hereof or any
        registration form under the Securities Act subsequently adopted by the
        Commission which permits inclusion or incorporation of substantial information
        by reference to other documents filed by the Company with the
        Commission.

      

      1.7  
         “Form
        S-3 Initiating Holders”
        shall
        have the meaning assigned in Section 4.1.

      

      1.8  
         “Holder”
        shall
        mean any holder of Registrable Securities.

      

      1.9  
         “Indemnified
        Party”
        shall
        have the meaning assigned in Section 7.3.

      

      1.10  
         “Indemnifying
        Party”
        shall
        have the meaning assigned in Section 7.3.

      

      1.11  
         “Initiating
        Holders”
        shall
        mean Holders representing at least fifty-one percent (51%) of
        the
        total number of Registrable Securities. 

      

      1.12  
         “Person”
        shall
        mean any individual, firm, corporation, partnership, trust, incorporated
        or
        unincorporated association, joint venture, joint stock company, government
        (or
        an agency or political subdivision thereof) or other entity of any
        kind.

      

      1.13  
         “Other
        Stockholders”
        shall
        have the meaning assigned in Section 2.2.

      

      1.14  
         “Register”,
        “registered”
        and
“registration”
        shall
        refer to a registration effected by preparing and filing a registration
        statement with the Commission in compliance with the Securities Act and
        applicable rules and regulations thereunder, and the declaration or ordering
        of
        the effectiveness of such registration statement by the Commission.

      

      1.15  
         “Registrable
        Securities”
        shall
        mean (A) the shares of Common Stock issued to the Former IMPART Shareholders
        pursuant to the Merger Agreement, and (B) any stock of the Company issued
        as a
        dividend or other distribution with respect to, or in exchange for or in
        replacement of, the shares of Common Stock referred to in clause (A);
provided,
        however,
        that
        such shares of Common Stock shall only be treated as Registrable Securities
        hereunder if and so long as they have not been sold in a registered public
        offering or have not been sold to the public pursuant to Rule 144 under the
        Securities Act or any similar or successor rule.

      

      1.16  
         “Registration
        Expenses”
        shall
        mean all expenses incurred by the Company in compliance herewith, including,
        without limitation, all registration and filing fees, printing expenses,
        fees
        and disbursements of counsel for the Company, blue sky fees and expenses,
        the
        reasonable fees and expenses (subject to documentation thereof) of one counsel
        for all Holders and Other Stockholders, and the expense of any special audits
        incident to or required by any such registration (but excluding the compensation
        of regular employees of the Company, which shall be paid in any event by
        the
        Company).

      
         

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

      

      1.17  
         “Securities
        Act”
        shall
        mean the Securities Act of 1933, as amended, or any similar federal statute
        enacted hereafter, and the rules and regulations of the Commission thereunder,
        all as the same shall be in effect from time to time.

      

      1.18  
         “Selling
        Expenses”
        shall
        mean all underwriting discounts and commissions applicable to the sale of
        Registrable Securities.

      

      

      2.           
         Requested
        Registration.

      

      2.1  
         Request
        for Registration.
        At any
        time after June 30, 2007 (such date being hereinafter referred to as the
        “Demand
        Date”),
        if
        the Company shall receive from Initiating Holders a written request that
        the
        Company effect any registration with respect to Registrable Securities the
        Company will:

       

                                               
        (a)    promptly
        give written notice of the proposed registration to all other Holders;
        and

       

                                               
        (b)    as
        soon
        as practicable, use all reasonable efforts to effect such registration
        (including, without limitation, the execution of an undertaking to file post-
        effective amendments, appropriate qualification under the blue sky or other
        state securities laws requested by Initiating Holders and appropriate compliance
        with applicable regulations issued under the Securities Act) as may be so
        requested and as would permit or facilitate the sale and distribution of
        all or
        such portion of such Registrable Securities as are specified in such request,
        together with all or such portion of the Registrable Securities of any Holder
        or
        Holders joining in such request as are specified in a written request given
        within thirty (30) days after receipt of such written notice from the Company;
        provided that
        the
        Company shall not be obligated to effect, or to take any action to effect,
        any
        such registration pursuant to this Section 2:

       

                                                         
        (i)    in
        any
        particular jurisdiction in which the Company would be required to execute
        a
        general consent to service of process in effecting such registration,
        qualification or compliance, unless the Company is already subject to service
        in
        such jurisdiction and except as may be required by the Securities Act or
        applicable rules or regulations thereunder;

       

                                                         
        (ii)    less
        than
        ninety (90) calendar days after the effective date of any registration declared
        or ordered effective other than a registration on Form S-3 or Form S-8;

       

                                                        
        (iii)    if,
        while
        a registration request is pending pursuant to this Section 2, the Company
        determines, in the good faith judgment of the Board of Directors of the Company,
        with the advice of counsel, that the filing of a registration statement would
        require the disclosure of non-public material information the disclosure
        of
        which would have a material adverse effect on the Company or would otherwise
        materially adversely affect a financing, acquisition, disposition, merger
        or
        other significant transaction, in which event the Company shall deliver a
        certificate to such effect signed by its President to the proposed selling
        Holders and the Company shall not be required to effect a registration pursuant
        to this Section 2 until the earlier of (A) three (3) days after the date
        upon
        which such material information is disclosed to the public or ceases to be
        material, or (B) ninety (90) days after the Company makes such good faith
        determination; provided,
        however,
        that
        the Company shall not utilize the right under this Section 2.1(a)(iii) more
        than
        once in any twelve (12) month period; or

      
         

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

           

                                                             
            (iv)    except
            as
            set forth in Section 2.5, after the second such registration pursuant
            to this
            Section 2.1 has been declared or ordered effective.

        

      

      

      Subject
        to the foregoing clauses (i), (ii), (iii) and (iv), the Company shall file
        a
        registration statement covering the Registrable Securities so requested to
        be
        registered as soon as practicable after receipt of the request or requests
        of
        the Initiating Holders.

      

      2.2 
           Additional
        Shares to be Included.
        The
        registration statement filed pursuant to the request of the Initiating Holders
        may, subject to the provisions of Sections 2.4 and 3.3 below, include (a)
        other
        securities of the Company (the "Additional
        Shares")
        which
        are held by (i) officers or directors of the Company who, by virtue of
        agreements with the Company, are entitled to include their securities in
        any
        such registration, or (ii) other persons who, by virtue of agreements with
        the
        Company, are entitled to include their securities in any such registration
        (the
        "Other
        Stockholders"),
        and
        (b) securities of the Company being sold for the account of the
        Company.

      

      2.3  
          Underwriting.
        

      

      (a)  
         If
        the
        Initiating Holders intend to distribute the Registrable Securities covered
        by
        their request by means of an underwriting, they shall so advise the Company
        as a
        part of their request made pursuant to this Section 2 and the Company shall
        include such information in the written notice to other Holders referred
        to in
        Section 2.1 above. The right of any Holder to registration pursuant to this
        Section 2 shall be conditioned upon such Holder's participation in such
        underwriting and the inclusion of such Holder's Registrable Securities in
        the
        underwriting to the extent provided herein and subject to the limitations
        provided herein. A Holder may elect to include in such underwriting all or
        a
        part of the Registrable Securities he holds.

      

      (b)  
         The
        Company shall (together with all Holders, officers, directors and Other
        Stockholders proposing to distribute their securities through such underwriting)
        negotiate and enter into an underwriting agreement in customary form with
        the
        representative of the underwriter or underwriters selected for such underwriting
        by a majority in interest of the Initiating Holders, which underwriter(s)
        shall
        be reasonably acceptable to the Company. 

      

      2.4  
          Limitations
        on Shares to be Included.
        Notwithstanding any other provision of this Section 2, if the representative
        of
        the underwriters advises the Initiating Holders in writing that marketing
        factors require a limitation on the number of shares to be underwritten,
        first
        the Additional Shares and any securities being sold for the account of the
        Company shall be excluded from such registration pursuant to the priorities
        set
        forth in Section 3.3 of this Agreement and, if a limitation on the number
        of
        shares is still required, the number of shares that may be included in the
        registration and underwriting shall be allocated among all Holders, including
        Initiating Holders, in proportion, as nearly practicable, to the respective
        amounts of Registrable Securities which they have requested to be included
        in
        such registration statement. If the Company or any Holder, officer, director
        or
        Other Stockholder who has requested inclusion in such registration as provided
        above disapproves of the terms of any such underwriting, such Person may
        elect
        to withdraw such Person's Registrable Securities or Additional Shares therefrom
        by written notice to the Company and the underwriter and the Initiating Holders.
        Any Registrable Securities or other securities excluded shall also be withdrawn
        from such registration. No Registrable Securities or Additional Shares excluded
        from such registration by reason of such underwriters’ marketing limitation
        shall be included in such registration. To facilitate the allocation of shares
        in accordance with this Section 2.4, the Company or underwriter or underwriters
        selected as provided above may round the number of Registrable Securities
        of any
        Holder which may be included in such registration to the nearest 100
        shares.

      
         

        
          
            
            

          

          
            4

            
              

            

          

          
            
            

          

        

      

      2.5 
           Additional
        Demand Registration.
        If with
        respect to the last registration permitted to be exercised by the Holders
        of
        Registrable Securities under Section 2.1, the Holders are unable to register
        all
        of their Registrable Securities because of the operation of Section 2.4 hereof,
        such Holders shall be entitled to require the Company to effect one additional
        registration to afford the Holders an opportunity to register all such
        Registrable Securities. Such additional registration shall again be subject
        to
        the provisions of this Section 2.

      

      3.        
           Company
        Registration.

      

      3.1  
         If
        the
        Company shall determine to register under the Securities Act any of its equity
        securities or securities convertible into equity securities either for its
        own
        account or the account of a security holder or holders exercising any demand
        registration rights, other than a registration relating solely to employee
        benefit plans, or a registration relating solely to a Commission Rule 145
        transaction, or a registration on Form S-4 or S-8 (or any successor forms
        thereto), the Company will:

       

                                                
        (a)    promptly
        give to each Holder written notice thereof (which shall include a list of
        the
        jurisdictions in which the Company intends to attempt to qualify such securities
        under the applicable blue sky or other state securities laws); and

       

                                                 
        (b)    include
        in such registration (and, subject to Section 2.1(b)(i), any related
        qualification under blue sky laws or other compliance), and in any underwriting
        involved therein, all the Registrable Securities specified in a written request
        or request, made by any Holder within thirty (30) days after receipt of the
        written notice from the Company described in clause (a) above, except as
        set
        forth in Section 3.3 below. Such written request may specify all or a part
        of a
        Holder’s Registrable Securities.

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      3.2   
          Underwriting.
        If the
        registration of which the Company gives notice is for a registered public
        offering involving an underwriting, the Company shall so advise the Holders
        as a
        part of the written notice given pursuant to Section 3.1(a). The right of
        any
        Holder to registration pursuant to this Section 3 shall be conditioned upon
        such
        Holder’s participation in such underwriting and the inclusion of such Holder’s
        Registrable Securities in the underwriting to the extent provided herein.
        All
        Holders proposing to distribute their securities through such underwriting
        shall
        (together with the Company and any officers, directors or Other Stockholders
        distributing their securities through such underwriting) enter into an
        underwriting agreement in customary form with the representative of the
        underwriter or underwriters selected by the Company.

      

      3.3   
          Limitations
        on Shares to be Included.
        Notwithstanding any other provision of this Section 3, if the representative
        of
        the underwriters advises the Company in writing that marketing factors require
        a
        limitation or elimination on the number of shares to be underwritten, the
        representative may (subject to the allocation priority set forth below) limit
        the number of or eliminate the Registrable Securities to be included in the
        registration and underwriting. The Company shall so advise all holders of
        securities requesting registration, and the number of shares of securities
        that
        are entitled to be included in the registration and underwriting shall be
        allocated as follows: first, if such underwritten offering shall have been
        initiated by the Company for the sale of securities for its own account,
        to the
        Company for securities being sold for its own account; second, among the
        Holders
        and the Other Stockholders, in proportion, as nearly as practicable, to the
        respective amounts of Registrable Securities which they requested to be included
        in such registration; and thereafter, the number of shares that may be included
        in the registration statement and underwriting shall be allocated among all
        officers or directors, in each case in proportion, as nearly as practicable,
        to
        the respective amounts of Additional Shares which they requested to be included
        in such registration at the time of filing the registration statement. If
        any
        Holder of Registrable Securities or any officer, director or Other Stockholder
        disapproves of the terms of any such underwriting, he may elect to withdraw
        therefrom by written notice to the Company and the underwriter. Any Registrable
        Securities or other securities excluded or withdrawn from such underwriting
        shall also be withdrawn from such registration. The Company shall have the
        right
        to terminate or withdraw any registration initiated by it under this Section
        3
        prior to the effectiveness of such registration whether or not any Holder
        has
        elected to include securities in such registration.

      

      4.             Registrations
        on Form S-3.
        

      

      4.1  
           Anything
        contained in Section 2 to the contrary notwithstanding, at any time after
        the
        Demand Date and if
        the
        Company is then qualified for the use of Form S-3, the Holders representing
        (on
        a fully diluted basis) at least twenty percent (20%) of the total number
        of
        Registrable Securities (the “Form
        S-3 Initiating Holders”)
        shall
        have the right to request in writing unlimited registrations of Registrable
        Securities on Form S-3, which request or requests shall (i) specify the number
        of Registrable Securities intended to be sold or disposed of and the holders
        thereof and (ii) state the intended method of disposition of such Registrable
        Securities, and upon receipt of any such request, the Company shall use all
        reasonable efforts promptly to effect the registration under the Securities
        Act
        of the Registrable Securities so requested to be registered. A requested
        registration on Form S-3 in compliance with this Section 4 shall not count
        as a
        registration statement initiated pursuant to Section 2 for purposes of
        determining the number of registrations which may be requested by the Initiating
        Holders under such Section, but shall otherwise be treated as a registration
        initiated pursuant to, and shall be subject to, the provisions of Section
        2.

      
         

        
          
            
            

          

          
            6

            
              

            

          

          
            
            

          

        

      

      4.2  
         Anything
        contained in Section 4.1 to the contrary notwithstanding, the Company shall
        not
        be obligated to effect, or take any action to effect, any registration under
        the
        Securities Act pursuant to Section 4.1:

       

                                               
        (a)    Unless
        the Form S-3 Initiating Holders propose to dispose of shares of Registrable
        Securities having an aggregate price to the public (before deduction of Selling
        Expenses) of more than $7,500,000;

       

                                               
        (b)  
         Within
        one hundred eighty (180) days of the effective date of the most recent
        registration pursuant to this Section 4 in which securities held by the
        requesting Holder could have been included for sale or
        distribution;

          

                                                (c)  
         In
        any
        particular jurisdiction in which the Company would be required to execute
        a
        general consent to service of process in effecting such registration,
        qualification or compliance, unless the Company is already subject to service
        in
        such jurisdiction and except as may be required by the Securities Act or
        applicable rules or regulations thereunder;

      

                                               
        (d)    If
        the
        Company shall furnish to the Form S-3 Initiating Holders a certificate signed
        by
        the President of the Company stating that the Company intends in good faith
        to
        file within ninety (90) days after the date of such notice a registration
        statement pertaining to securities of the Company and in which the Form S-3
        Initiating Holders may request inclusion of Registrable Securities pursuant
        to
        Section 3, then, during the period starting with the date of such notice
        and
        ending on the date six (6) months immediately following the effective date
        of
        such registration statement, provided that
        the
        Company actively employs in good faith all reasonable efforts to cause such
        registration statement to become effective; provided,
        however,
        that
        the Company may only delay an offering pursuant to this Section 4.2(d) for
        a
        period of not more than ninety (90) days, if a filing of any other registration
        statement is not made within that period and the Company may only exercise
        the
        right specified in this clause (d) once in any twelve (12) month period;
        or

      

                                                
        (e)    If
        the
        Company determines, in the good faith judgment of the Board of Directors
        of the
        Company, with the advice of counsel, that the filing of a registration statement
        would require the disclosure of non-public material information the disclosure
        of which would have a material adverse effect on the Company or would otherwise
        materially adversely affect a financing, acquisition, disposition, merger
        or
        other significant transaction, in which event the Company shall deliver a
        certificate to such effect signed by its President to the Form S-3 Initiating
        Holders and the Company shall not be required to effect a registration under
        this Section 4 until the earlier of (A) three (3) days after the date
        upon
        which such material information is disclosed to the public or ceases to be
        material, or (B) ninety (90) days after the Company makes such good faith
        determination; provided,
        however,
        that
        the Company shall not utilize the right under this Section 4.2(e)
        more than
        once in any twelve (12) month period

      
         

        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

      

      5.          
          Expenses
        of Registration.
        All
        Registration Expenses incurred in connection with any registration,
        qualification or compliance pursuant to Sections 2, 3 or 4 of this Agreement
        shall be borne by the Company, except that Selling Expenses shall be borne
        pro
        rata by each Holder in accordance with the number of shares sold.

      

      6.         
           Registration
        Procedures.
        

      

      6.1  
         In
        the
        case of each registration effected by the Company pursuant to this Agreement,
        the Company will keep each Holder advised in writing as to the initiation
        of
        each registration and as to the completion thereof and will, at its
        expense:

      

                                               
        (a)    Use
        all
        reasonable efforts to keep such registration effective for a period of one
        hundred eighty (180) days or until the Holder or Holders have completed the
        distribution described in the registration statement relating thereto, whichever
        first occurs; provided,
        however,
        that
        the Company will keep such registration effective for longer than one hundred
        eighty (180) days if the costs and expenses associated with such extended
        registration are borne by the selling Holders; and provided,
        further,
        that in
        the case of any registration of Registrable Securities on Form S-3 which
        are
        intended to be offered on a continuous or delayed basis, such one hundred
        eighty
        (180) day period shall, at the cost and expense of the Company, be extended,
        if
        necessary, to keep the registration statement effective until all such
        Registrable Securities are sold, provided that
        Rule
        415, or any successor rule under the Securities Act, permits an offering
        on a
        continuous or delayed basis, and provided,
        further,
        that
        applicable rules and regulations under the Securities Act governing the
        obligation to file a post-effective amendment permit, in lieu of filing a
        post-effective amendment which (y) includes any prospectus required by Section
        10(a)(3) of the Securities Act, or (z) reflects facts or events representing
        a
        material or fundamental change in the information set forth in the registration
        statement, the incorporation by reference of information otherwise required
        to
        be included in such post-effective amendment covered by (y) and (z) above
        to be
        contained in periodic reports filed pursuant to Section 13 or 15(d) of the
        Exchange Act in the registration statement;

      

                                              
        (b)    Prepare
        and file with the Commission such amendments and supplements to such
        registration statement and the prospectus used in connection with such
        registration statement as may be necessary to comply with the provisions
        of the
        Securities Act with respect to the disposition of all securities covered
        by such
        registration statement;

      

                                                (c)  
         Furnish
        such number of prospectuses and other documents incident thereto, including
        any
        amendment of or supplement to the prospectus, as a Holder from time to time
        may
        reasonably request;

      

                                               
        (d)    Notify
        each seller of Registrable Securities covered by such registration statement
        at
        any time when a prospectus relating thereto is required to be delivered under
        the Securities Act of the happening of any event as a result of which the
        prospectus included in such registration statement, as then in effect, includes
        an untrue statement of a material fact or omits to state a material fact
        required to be stated therein or necessary to make the statements therein
        not
        misleading or incomplete in the light of the circumstances then existing,
        and at
        the request of any such seller, prepare and furnish to such seller a reasonable
        number of copies of a supplement to or an amendment of such prospectus as
        may be
        necessary so that, as thereafter delivered to the purchasers of such shares,
        such prospectus shall not include an untrue statement of a material fact
        or omit
        to state a material fact required to be stated therein or necessary to make
        the
        statements therein not misleading or incomplete in the light of the
        circumstances then existing;

      
         

        
          
            
            

          

          
            8

            
              

            

          

          
            
            

          

        

      

                                               
        (e)    List
        all
        such Registrable Securities registered in such registration on each securities
        exchange or automated quotation system on which the Common Stock of the Company
        is then listed;

      

                                                
        (f)    Provide
        a
        transfer agent and registrar for all Registrable Securities and a CUSIP number
        for all such Registrable Securities, in each case not later than the effective
        date of such registration;

       

                                                (g)  
         Make
        available for inspection by any seller of Registrable Securities, any
        underwriter participating in any disposition pursuant to such registration
        statement, and any attorney or accountant retained by any such seller or
        underwriter, all financial and other records, pertinent corporate documents
        and
        properties of the Company, and cause the Company's officers and directors
        to
        supply all information reasonably requested by any such seller, underwriter,
        attorney or accountant in connection with such registration
        statement;

      

                                                
        (h)    Furnish
        to each selling Holder upon request a signed counterpart, addressed to each
        such
        selling Holder, of:

      

                                                          
        (i)    an
        opinion of counsel for the Company, dated the effective date of the registration
        statement in form reasonably acceptable to the Company and such counsel,
        and

      

                                                          
        (ii)    “comfort”
        letters signed by the Company’s independent public accountants who have examined
        and reported on the Company’s financial statements included in the registration
        statement, to the extent permitted by the standards of the American Institute
        of
        Certified Public Accountants, covering such matters as are customarily covered
        in opinions of issuer's counsel and accountants’“comfort” letters delivered to
        underwriters in underwritten public offerings of securities;

      

                                                 (i)  
         Furnish
        to each selling Holder upon request a copy of all documents filed with and
        all
        correspondence from or to the Commission in connection with any such offering;
        and

       

                                                
        (j)    Make
        available to its security holders, as soon as reasonably practicable, an
        earnings statement covering the period of at least twelve (12) months, but
        not
        more than eighteen (18) months, beginning with the first month after the
        effective date of the registration statement, which earnings statement shall
        satisfy the provisions of Section 11(a) of the Securities Act.

      
         

        
          
            
            

          

          
            9

            
              

            

          

          
            
            

          

        

      

       

      6.2  
         It
        shall
        be a condition precedent to the obligations of the Company to take any action
        pursuant to this Agreement that the Holders proposing to register Registrable
        Securities shall furnish to the Company such information regarding themselves,
        the Registrable Securities held by them, and their intended method of
        distribution of such Registrable Securities as the Company shall reasonably
        request and as shall be required in connection with the action to be taken
        by
        the Company.

      

      6.3  
         In
        connection with the preparation and filing of each registration statement
        under
        this Agreement, the Company will give the Holders on whose behalf such
        Registrable Securities are to be registered and their underwriters, if any,
        and
        their respective counsel and accountants, the opportunity to review such
        registration statement, each prospectus included therein or filed with the
        Commission, and each amendment thereof or supplement thereto, and will give
        each
        such Holder such access to the Company's books and records and such
        opportunities to discuss the business of the Company with its officers, its
        counsel and the independent public accountants who have certified the Company's
        financial statements, as shall be necessary, in the opinion of such Holders
        or
        such underwriters or their respective counsel, in order to conduct a reasonable
        and diligent investigation within the meaning of the Securities
        Act.

      

      7.           
         Indemnification.

      

      7.1  
         Indemnification
        by the Company.
        The
        Company will indemnify each Holder, each of its officers, employees, agents,
        directors and partners (including partners of partners and shareholders of
        such
        partners), and each person controlling (within the meaning of the Securities
        Act) such Holder, with respect to which registration, qualification or
        compliance has been effected pursuant to this Agreement, and each underwriter,
        if any, and each Person who controls any underwriter, against all claims,
        losses, damages and liabilities (or actions, proceedings or settlements in
        respect thereof) arising out of or based on any untrue statement (or alleged
        untrue statement) of a material fact contained in any prospectus, offering
        circular or other document (including any related registration statement,
        notification or the like) incident to any such registration, qualification
        or
        compliance, or based on any omission (or alleged omission) to state therein
        a
        material fact required to be stated therein or necessary to make the statements
        therein not misleading, or any violation by the Company of the Securities
        Act or
        any rule or regulation thereunder applicable to the Company and relating
        to
        action or inaction required of the Company in connection with any such
        registration, qualification or compliance, and will reimburse each such Holder,
        each of its officers, employees, agents, directors and partners (including
        partners of partners and shareholders of such partners), and each person
        controlling (within the meaning of the Securities Act) such Holder, each
        such
        underwriter and each Person who controls any such underwriter, for any legal
        and
        any other expenses reasonably incurred in connection with investigating and
        defending or settling any such claim, loss, damage, liability or action as
        the
        same are incurred, provided that
        the
        Company will not be liable in any such case to the extent that any such claim,
        loss, damage, liability or expense arises out of or is based on any untrue
        statement or omission made in reliance upon and based upon written information
        furnished to the Company by such Holder or underwriter and stated to be
        specifically for use therein.

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

                                      7.2 Indemnification
        by the Holders. Each Holder will, if Registrable Securities held by him are
        included in the securities as to which such registration, qualification or
        compliance is being effected, indemnify the Company, each of its directors
        and
        officers and each underwriter, if any, of the Company's securities covered
        by
        such a registration statement, each person who controls the Company (other
        than
        such Holder) or such underwriter within the meaning of the Securities Act
        and
        the rules and regulations thereunder, each other such Holder and each of
        their
        officers, directors and partners, and each Person controlling such Holder
        or
        other stockholder, against all claims, losses, damages, expenses and liabilities
        (or actions in respect thereof) arising out of or based on any untrue statement
        (or alleged untrue statement) of a material fact contained, on the effective
        date thereof, in any such registration statement, prospectus, offering circular
        or other document, or any omission (or alleged omission) to state therein
        a
        material fact required to be stated therein or necessary to make the statements
        therein not misleading, and will reimburse the Company, each of its directors
        and officers, each underwriter or control Person, each other Holder and each
        of
        their officers, directors and partners and each Person controlling such Holder
        or other stockholder for any legal or any other expenses reasonably incurred
        in
        connection with investigating or defending any such claim, loss, damage,
        liability or action, in each case to the extent, but only to the extent,
        that
        such untrue statement (or alleged untrue statement) or omission (or alleged
        omission) is made in such registration statement, prospectus, offering circular
        or other document in reliance upon and in conformity with written information
        furnished to the Company by such Holder and stated to be specifically for
        use
        therein; provided, however, that in no event shall the liability
        of any Holder for indemnification under this Section 7 in its capacity
        as a
        seller of Registrable Securities exceed the amount equal to the proceeds
        to such
        Holder of the securities sold in any such registration; and
provided further, however, that no selling Holder shall be
        required to indemnify any Person against any liability arising from any untrue
        or misleading statement or omission contained in any preliminary prospectus
        if
        such deficiency is corrected in the final prospectus or for any liability
        which
        arises out of the failure of any Person to deliver a prospectus as required
        by
        the Securities Act.

      

      7.3 Notices
        of Claims, Procedures, etc.
        Each
        party entitled to indemnification under this Section 7 (the “Indemnified
        Party”)
        shall
        give notice to the party required to provide indemnification (the “Indemnifying
        Party”)
        promptly after such Indemnified Party has actual knowledge of any claim as
        to
        which indemnity may be sought, and shall permit the Indemnifying Party to
        assume
        the defense of any such claim or any litigation resulting therefrom,
provided that
        counsel
        for the Indemnifying Party, who shall conduct the defense of such claim or
        any
        litigation resulting therefrom, shall be approved by the Indemnified Party
        (whose approval shall not be unreasonably withheld), and the Indemnified
        Party
        may participate in such defense at the Indemnified Party's sole expense,
        and
        provided further that the failure of any Indemnified Party to give notice
        as
        provided herein shall not relieve the Indemnifying Party of its obligations
        under this Section 7 unless such failure is prejudicial to the ability of
        Indemnifying Party to defend such claim or action. Notwithstanding the
        foregoing, such Indemnified Party shall have the right to employ its own
        counsel
        in any such litigation, proceeding or other action if (i) the employment
        of such
        counsel has been authorized by the Indemnifying Party, in its sole and absolute
        discretion, or (ii) the named parties in any such claims (including any
        impleaded parties) include any such Indemnified Party and the Indemnified
        Party
        and the Indemnifying Party shall have been advised in writing (in suitable
        detail) by counsel to the Indemnified Party either (A) that there may be
        one or
        more legal defenses available to such Indemnified Party which are different
        from
        or additional to those available to the Indemnifying Party, or (B) that there
        is
        a conflict of interest by virtue of the Indemnified Party and the Indemnifying
        Parties having common counsel, in any of which events, the legal fees and
        expenses of a single counsel for all Indemnified Parties with respect to
        each
        such claim, defense thereof, or counterclaims thereto shall be borne by
        Indemnifying Party. No Indemnifying Party, in the defense of any such claim
        or
        litigation, shall, except with the consent of each Indemnified Party, consent
        to
        entry of any judgment or enter into any settlement which does not include
        as an
        unconditional term thereof the giving by the claimant or plaintiff to such
        Indemnified Party of a release from all liability in respect to such claim
        or
        litigation. Each Indemnified Party shall cooperate to the extent reasonably
        required and furnish such information regarding itself or the claim in question
        as an Indemnifying Party may reasonably request in writing and as shall be
        reasonably required in connection with defense of such claim and litigation
        resulting therefrom.

      
         

        
          
            
            

          

          
            11

            
              

            

          

          
            
            

          

        

      

      8.          
         Information
        by Holder.
        Each
        Holder of Registrable Securities shall furnish to the Company such information
        regarding such Holder and the distribution proposed by such Holder as the
        Company may reasonably request in writing and as shall be reasonably required
        in
        connection with any registration, qualification or compliance referred to
        in
        this Agreement.

      

      9.           
         Transfer
        or Assignment of Registration Rights.
        The
        rights to cause the Company to register securities granted by the Company
        under
        this Agreement may be transferred or assigned by a Holder to a transferee
        or
        assignee of any Registrable Securities; provided that
        the
        Company is given written notice at or prior to the time of said transfer
        or
        assignment, stating the name and address of said transferee or assignee and
        identifying the securities with respect to which such registration rights
        are
        being transferred or assigned; and provided further
        that the
        transferee or assignee of such rights assumes in writing the obligations
        of a
        Holder under this Agreement to the Company and other Holders in effect at
        the
        time of transfer under all effective agreements. 

      

      10.         
         Exchange
        Act Compliance.
        So long
        as the Company remains subject to the reporting requirements of the Exchange
        Act, the Company shall file the reports required to be filed by it under
        the
        Securities Act and the Exchange Act and the rules and regulations adopted
        by the
        Commission thereunder, and will take all actions reasonably necessary to
        enable
        holders of Registrable Securities to sell such securities without registration
        under the Securities Act within the limitation of the provisions of (a) Rule
        144
        under the Securities Act, as such Rule may be amended from time to time,
        (b)
        Rule 144A under the Securities Act, as such Rule may be amended from time
        to
        time, if applicable, or (c) any similar rules or regulations hereunder adopted
        by the Commission. Upon the request of any Holder of Registrable Securities,
        the
        Company will deliver to such Holder a written statement as to whether it
        has
        complied with such requirements.  

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

      11.          
         No
        Conflict of Rights.
        Except
        as otherwise provided in this Section 11, without the consent of holders
        of 51%
        of the Registrable Securities, the Company will not hereafter enter into
        any
        agreement with respect to its securities which is inconsistent with the rights
        granted to the Holders in this Agreement. Without limiting the generality
        of the
        foregoing, the Company will not hereafter enter into or modify any agreement
        with respect to its securities which grants, or modifies any existing agreement
        with respect to its securities to grant, to a holder of its securities in
        connection with an incidental registration of such securities equal or higher
        priority to the rights granted to the Holders under Sections 2, 3 and 4 of
        this
        Agreement.

      

      12.          
         Benefits
        of Agreement; Successors and Assigns.
        This
        Agreement shall be binding upon and inure to the benefit of the parties and
        their respective successors and permitted assigns, legal representatives
        and
        heirs. Except as provided in Section 9 above, this Agreement does not create,
        and shall not be construed as creating, any rights enforceable by any other
        Person. 

      

      13.          
         Complete
        Agreement.
        This
        Agreement constitutes the complete understanding among the parties with respect
        to its subject matter and supersedes all existing agreements and understandings,
        whether oral or written, among them. No alteration or modification of any
        provisions of this Agreement shall be valid unless made in writing and signed,
        on the one hand, by the Holders of a majority of the Registrable Securities
        then
        outstanding and, on the other, by the Company.

      

      14.            
         Section
        Headings.
        The
        section headings contained in this Agreement are for reference purposes only
        and
        shall not affect in any way the meaning or interpretation of this
        Agreement.

      

      15.            
         Notices.
        All
        notices, offers, acceptances and other communications required or permitted
        to
        be given or to otherwise be made to any party to this Agreement shall be
        deemed
        to be sufficient if contained in a written instrument delivered by hand,
        first
        class mail (registered or certified, return receipt requested), telecopier
        or
        overnight air courier guaranteeing next day delivery, if to the Company,
        at 8000
        Centerview Parkway, Cordova, Tennessee 38018, Attention: David V. Lott, with
        a
        copy to Pryor Cashman Sherman & Flynn LLP, 410 Park Avenue, New York, New
        York 10022, Attention: Eric M. Hellige, Esq., and if to any Holder, to the
        address listed on Schedule
        A
        attached
        hereto or at such other address as may have been furnished the Company in
        writing.

      

      All
        such
        notices and communications shall be deemed to have been duly given: at the
        time
        delivered by hand, if personally delivered; five business days after being
        deposited in the mail, postage prepaid, if mailed; when receipt acknowledged,
        if
        telecopied; and the next business day after timely delivery to the courier,
        if
        sent by overnight air courier guaranteeing next day delivery. Any party may
        change the address to which each such notice or communication shall be sent
        by
        giving written notice to the other parties of such new address in the manner
        provided herein for giving notice.

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      16.              
         Governing
        Law.
        This
        Agreement shall be governed by, and construed and enforced in accordance
        with,
        the laws of the State of New York without giving effect to the provisions,
        policies or principles thereof respecting conflict or choice of
        laws.

      

      17.               
         Counterparts.
        This
        Agreement may be executed in one or more counterparts each of which shall
        be
        deemed an original but all of which taken together shall constitute one and
        the
        same agreement.

      

      18.               
         Severability.
        Any
        provision of this Agreement which is determined to be illegal, prohibited
        or
        unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
        to the extent of such illegality, prohibition or unenforceability without
        invalidating the remaining provisions hereof which shall be severable and
        enforceable according to their terms and any such prohibition or
        unenforceability in any jurisdiction shall not invalidate or render
        unenforceable such provision in any other jurisdiction.

       

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        of page left intentionally blank]

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties have signed this Registration Rights Agreement
        as
        of the date first set forth above.

      

      
        	 	
                LIMELIGHT
                  MEDIA GROUP, INC.

              
	 	 
	 	 
	 	
                By: 
                  /s/David
                  V.
                  Lott                            
                  

              
	 	
                Name:
                  David V. Lott

              
	 	
                Title:
                  Chief Executive Officer

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties have signed this Registration Rights Agreement
        as
        of the date
        first set forth above.

      

        
          	 	
                  Former
                    IMPART Shareholders

                
	 	 
	 	 
	 	 
	 	
                  /s/Laird
                    Laabs                                                            
                    

                
	 	
                  Laird
                    Laabs

                
	 	 
	 	
                  /s/Steven
                    Corey                                                         
                    

                
	 	
                  Steven
                    Corey 

                
	 	 
	
                   

                	/s/Steven
                  Boscacci                                                    
                  
	 	
                  Steven
                    Boscacci

                
	 	 
	 	
                  /s/Shane
                    Bumbalo                                                      
                    

                
	 	
                  Shane
                    Bumbalo

                
	 	 
	 	
                  /s/Stretton
                    S.
                    Brown                                                  
                    

                
	 	
                  Stretton
                    S. Brown

                

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

       

      
        Schedule
          A

        

        Names
          and Addresses of Former IMPART Shareholders

         

         

        [ON
          FILE WITH THE COMPANY]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]