Document:

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                                                                     Exhibit 4.4

                          REGISTRATION RIGHTS AGREEMENT

                          Dated as of December 21, 2001

                                      Among

                               COTT BEVERAGES INC.

                                COTT CORPORATION

                               COTT HOLDINGS INC.

                                 COTT USA CORP.

                                COTT VENDING INC.

                                INTERIM BCB, LLC

                             CONCORD HOLDING GP INC.

                             CONCORD HOLDING LP INC.

                               CONCORD BEVERAGE LP

                                       and

                              LEHMAN BROTHERS INC.

                             BMO NESBITT BURNS CORP.

                            CIBC WORLD MARKETS CORP.

                              as Initial Purchasers
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                                TABLE OF CONTENTS

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1.    Definitions........................................................      1

2.    Securities Subject to This Agreement...............................      3

3.    Registered Exchange Offer..........................................      4

4.    Shelf Registration.................................................      5

5.    Liquidated Damages.................................................      6

6.    Registration Procedures............................................      8

7.    Registration Expenses..............................................     16

8.    Indemnification and Contribution...................................     17

9.    Rule 144A..........................................................     20

10.   Participation in Underwritten Registrations........................     20

11.   Selection of Underwriters..........................................     20

12.   Miscellaneous......................................................     20
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                                      -i-
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                  This Registration Rights Agreement (this "Agreement") is made
and entered into as of December 21, 2001 by and among Cott Beverages Inc., a
Georgia corporation (the "Company"), Cott Corporation, a Canada corporation,
Cott Holdings Inc., a Delaware corporation and a Nova Scotia corporation
("CHI"), Cott USA Corp., a Georgia corporation ("CUC"), Cott Vending Inc., a
Delaware corporation ("CVI"), Interim BCB, LLC, a Delaware limited liability
company ("Interim"), Concord Holding GP Inc., a Delaware corporation ("CHG"),
Concord Holding LP Inc., a Delaware corporation ("CHL"), and Concord Beverage
LP, a Delaware limited partnership ("CB" and, together with Cott, CHI, CUC, CVI,
Interim, CHG, CHL and CB, the "Guarantors," and each, a "Guarantor"), and Lehman
Brothers Inc., BMO Nesbitt Burns Corp. and CIBC World Markets Corp. (the
"Initial Purchasers").

                  This Agreement is entered into in connection with the Purchase
Agreement, dated December 18, 2001, by and among the Company, the Guarantors and
the Initial Purchasers (the "Purchase Agreement"), which provides for the sale
by the Company to the Initial Purchasers of $275,000,000 aggregate principal
amount of the Company's 8% Senior Subordinated Notes due 2011 (the "Notes"). The
Notes will be guaranteed on a senior subordinated basis by guarantees (the
"Guarantees") issued by the Guarantors. The Notes and the Guarantees are
collectively referred to herein as the "Securities." In order to induce the
Initial Purchasers to enter into the Purchase Agreement, the Company and the
Guarantors have agreed to provide the registration rights set forth in this
Agreement for the benefit of the Initial Purchasers and their direct and
indirect transferees and assigns. The execution and delivery of this Agreement
is a condition to the Initial Purchasers' obligations to purchase the Securities
under the Purchase Agreement. Capitalized terms used but not specifically
defined herein have the respective meanings ascribed thereto in the Purchase
Agreement.

                  The parties hereby agree as follows:

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

                           Blackout Period: As defined in Section 5(a) hereof.

                           Broker-Dealer: Any broker or dealer registered under
         the Exchange Act.

                           Closing Date: The date on which the Securities were
         sold.

                           Commission: The United States Securities and Exchange
         Commission.

                           Consummate: A registered Exchange Offer shall be
         deemed "Consummated" for purposes of this Agreement upon the occurrence
         of (i) the filing and effectiveness under the Securities Act of the
         Exchange Offer Registration Statement relating to the New Securities to
         be issued in the Exchange Offer, (ii) the maintenance of such
         Registration Statement continuously effective and the keeping of the
         Exchange Offer open for a period not less than the minimum period
         required pursuant to Section 3(b) hereof and (iii) the delivery by the
         Company of the New Securities in the same aggregate principal amount as
         the aggregate principal amount of Transfer Restricted Securities that
         were validly tendered by Holders thereof pursuant to the Exchange
         Offer.
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                                                                               2

                           Effectiveness Target Date: As defined in Section 5(a)
         hereof.

                           Exchange Act: The United States Securities Exchange
         Act of 1934, as amended.

                           Exchange Offer: The registration by the Company under
         the Securities Act of the New Securities pursuant to a Registration
         Statement pursuant to which the Company offers the Holders of all
         outstanding Transfer Restricted Securities the opportunity to exchange
         all such outstanding Transfer Restricted Securities held by such
         Holders for New Securities in an aggregate principal amount equal to
         the aggregate principal amount of the Transfer Restricted Securities
         tendered in such exchange offer by such Holders.

                           Exchange Offer Registration Statement: The
         Registration Statement relating to the Exchange Offer, including the
         Prospectus which forms a part thereof.

                           Exempt Resales: The transactions in which the Initial
         Purchasers propose to sell the Securities to certain "qualified
         institutional buyers," as such term is defined in Rule 144A under the
         Securities Act and to certain non-U.S. persons.

                           Holders: As defined in Section 2(b) hereof.

                           Indenture: The Indenture, dated as of December 21,
         2001, among the Company, the Guarantors and HSBC Bank USA, as trustee
         (the "Trustee"), pursuant to which the Securities are to be issued, as
         such Indenture is amended or supplemented from time to time in
         accordance with the terms thereof.

                           Initial Purchasers: Lehman Brothers Inc., BMO Nesbitt
         Burns Corp. and CIBC World Markets Corp.

                           Liquidated Damages: As defined in Section 5(a)
         hereof.

                           NASD: National Association of Securities Dealers,
         Inc.

                           New Securities: The Securities to be issued pursuant
         to the Indenture in the Exchange Offer.

                           Participant:  As defined in Section 8(a) hereof.

                           Person: An individual, partnership, corporation,
         limited liability company, trust or unincorporated organization, or a
         government or agency or political subdivision thereof.

                           Prospectus: The prospectus included in a Registration
         Statement, as amended or supplemented by any prospectus supplement and
         by all other amendments thereto, including post-effective amendments,
         and all material incorporated by reference into such Prospectus.
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                                                                               3

                           Registration Default: As defined in Section 5(a)
         hereof.

                           Registration Statement: Any registration statement of
         the Company relating to (a) an offering of New Securities pursuant to
         an Exchange Offer or (b) the registration for resale of Transfer
         Restricted Securities pursuant to the Shelf Registration Statement,
         which is filed pursuant to the provisions of this Agreement, in either
         case, including the Prospectus included therein, all amendments and
         supplements thereto (including post-effective amendments) and all
         exhibits and material incorporated by reference therein.

                           Securities Act: The Unites States Securities Act of
         1933, as amended.

                           Shelf Filing Deadline: As defined in Section 4(a)
         hereof.

                           Shelf Registration Statement: As defined in Section
         4(a) hereof.

                           TIA: The Trust Indenture Act of 1939 (15 U.S.C.
         Section 77aaa-77bbbb), as amended.

                           Transfer Restricted Securities: Each Security, until
         the earliest to occur of (a) the date on which such Security has been
         exchanged by a person other than a Broker-Dealer for a New Security in
         the Exchange Offer, (b) following the exchange by a Broker-Dealer in
         the Exchange Offer of a Security for a New Security, the date on which
         such New Security is sold to a purchaser who receives from such
         Broker-Dealer on or prior to the date of such sale a copy of the
         prospectus contained in the Exchange Offer Registration Statement, (c)
         the date on which such Security has been effectively registered under
         the Securities Act and disposed of in accordance with the Shelf
         Registration Statement or (d) the date on which such Security would be
         eligible to be distributed to the public by a non-affiliate pursuant to
         Rule 144(k) under the Securities Act.

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

                  2. Securities Subject to This Agreement.

                           (a) Transfer Restricted Securities. The securities
         entitled to the benefits of this Agreement are the Transfer Restricted
         Securities.

                           (b) Holders of Transfer Restricted Securities. A
         Person is deemed to be a holder of Transfer Restricted Securities (each
         such Person, a "Holder") whenever such Person owns Transfer Restricted
         Securities.

                  3. Registered Exchange Offer.

                           (a) Unless the Exchange Offer shall not be
         permissible under applicable law or Commission policy (after the
         procedures set forth in Section 6(a) below have been complied with) or
         one of the events set forth in Section 4(a)(ii) has occurred,
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                                                                               4

         the Company and the Guarantors shall (i) cause to be filed with the
         Commission promptly after the Closing Date, but in no event later than
         90 days after the Closing Date, a Registration Statement under the
         Securities Act relating to the New Securities and the Exchange Offer,
         (ii) use their respective best efforts to cause such Registration
         Statement to become effective no later than 150 days after the Closing
         Date, (iii) in connection with the foregoing, file (A) all
         pre-effective amendments to such Registration Statement as may be
         necessary in order to cause such Registration Statement to become
         effective, (B) if applicable, a post-effective amendment to such
         Registration Statement pursuant to Rule 430A under the Securities Act
         and (C) cause all necessary filings in connection with the registration
         and qualification of the New Securities to be made under the Blue Sky
         laws of such jurisdictions as are necessary to permit Consummation of
         the Exchange Offer, and (iv) unless the Exchange Offer would not be
         permitted by applicable law or Commission policy, the Company will
         commence the Exchange Offer and use their best efforts to issue on or
         prior to 30 business days after the date on which such Registration
         Statement was declared effective by the Commission, New Securities in
         exchange for all Securities tendered prior thereto in the Exchange
         Offer. The Exchange Offer shall be on the appropriate form permitting
         registration of the New Securities to be offered in exchange for the
         Transfer Restricted Securities and to permit resales of New Securities
         held by Broker-Dealers as contemplated by Section 3(c) below. The 90,
         150 and 30 business day periods referred to in (i), (ii) and (iv) of
         this Section 3(a) shall not include any period during which the Company
         is pursuing a Commission ruling pursuant to Section 6(a)(i) below.

                           (b) The Company and the Guarantors shall use their
         best efforts to cause the Exchange Offer Registration Statement to be
         effective continuously and shall keep the Exchange Offer open for a
         period of not less than the minimum period required under applicable
         federal and state securities laws to Consummate the Exchange Offer;
         provided, however, that in no event shall such period be less than 20
         business days. The Company shall and the Guarantors shall cause the
         Exchange Offer to comply in all material respects with all applicable
         federal and state securities laws. No securities other than the New
         Securities shall be included in the Exchange Offer Registration
         Statement. The Company and the Guarantors shall use their best efforts
         to cause the Exchange Offer to be Consummated on the earliest
         practicable date after the Exchange Offer Registration Statement has
         become effective, but in no event later than 30 business days
         thereafter.

                           (c) The Company and the Guarantors shall indicate in
         a "Plan of Distribution" section contained in the Prospectus contained
         in the Exchange Offer Registration Statement that any Broker-Dealer who
         holds Securities that are Transfer Restricted Securities and that were
         acquired for its own account as a result of market-making activities or
         other trading activities (other than Transfer Restricted Securities
         acquired directly from the Company), may exchange such Securities
         pursuant to the Exchange Offer; however, such Broker-Dealer may be
         deemed to be an "underwriter" within the meaning of the Securities Act
         and must, therefore, deliver a prospectus meeting the requirements of
         the Securities Act in connection with any resales of the New Securities
         received by such Broker-Dealer in the Exchange Offer, which prospectus
         delivery requirement may be satisfied by the delivery by such
         Broker-Dealer of the Prospectus contained in the Exchange Offer
         Registration Statement. Such "Plan of
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                                                                               5

         Distribution" section shall also contain all other information with
         respect to such resales by Broker-Dealers that the Commission may
         require in order to permit such resales pursuant thereto, but such
         "Plan of Distribution" shall not name any such Broker-Dealer or
         disclose the amount of New Securities held by any such Broker-Dealer
         except to the extent required by the Commission.

                  Subject to the last paragraph of Section 6(c) below, the
Company and the Guarantors shall use their best efforts to keep the Exchange
Offer Registration Statement continuously effective, supplemented and amended as
required by the provisions of Section 6(c) below to the extent necessary to
ensure that it is available for resales of New Securities acquired by
Broker-Dealers for their own accounts as a result of market-making activities or
other trading activities and to ensure that it conforms with the requirements of
this Agreement, the Securities Act and the policies, rules and regulations of
the Commission as announced from time to time, for a period of 90 days from the
date on which the Exchange Offer Registration Statement is declared effective.

                  The Company and the Guarantors shall provide sufficient copies
of the latest version of such Prospectus to Broker-Dealers promptly upon request
at any time during such 90-day period in order to facilitate such resales.

                  4. Shelf Registration.

                           (a) Shelf Registration. If (i) the Company and the
         Guarantors are not required to file an Exchange Offer Registration
         Statement or to Consummate the Exchange Offer because the Exchange
         Offer is not permitted by applicable law or Commission policy (after
         the procedures set forth in Section 6(a) below have been complied with)
         or (ii) any Holder of Transfer Restricted Securities that is a
         "qualified institutional buyer" (as defined in Rule 144A under the
         Securities Act) shall notify the Company prior to the 20th day
         following the Consummation of the Exchange Offer (A) that such Holder
         is prohibited by applicable law or Commission policy from participating
         in the Exchange Offer or (B) that such Holder may not resell the New
         Securities acquired by it in the Exchange Offer to the public without
         delivering a prospectus and that the Prospectus contained in the
         Exchange Offer Registration Statement is not appropriate or available
         for such resales by such Holder or (C) that such Holder is a
         Broker-Dealer and holds Securities acquired directly from the Company
         or one of its affiliates, then the Company and the Guarantors shall in
         lieu of, or in the event of (ii) above, in addition to, effecting the
         registration of the New Securities pursuant to the Exchange Offer
         Registration Statement use their respective best efforts to:

                                    (x) cause to be filed a shelf registration
                  statement pursuant to Rule 415 under the Securities Act, which
                  may be an amendment to the Exchange Offer Registration
                  Statement (in either event, the "Shelf Registration
                  Statement"), on or prior to the earlier to occur of (1) the
                  30th day after the date on which the Company determines that
                  it is not required to file the Exchange Offer Registration
                  Statement or (2) the 30th day after the date on which the
                  Company receives notice from a Holder of Transfer Restricted
                  Securities as contemplated by clause (ii) above (such earlier
                  date being the "Shelf Filing Deadline"), which Shelf
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                                                                               6

                  Registration Statement shall provide for resales of all
                  Transfer Restricted Securities the Holders of which shall have
                  provided the information required pursuant to Section 4(b)
                  hereof; and

                                    (y) cause such Shelf Registration Statement
                  to be declared effective by the Commission on or before the
                  90th day after the Shelf Filing Deadline.

         The Company and the Guarantors shall use their best efforts to keep
         such Shelf Registration Statement continuously effective, supplemented
         and amended as required by the provisions of Sections 6(b) and (c)
         hereof to the extent necessary to ensure that it is available for
         resales of Securities by the Holders of Transfer Restricted Securities
         entitled to the benefit of this Section 4(a) and to ensure that it
         conforms with the requirements of this Agreement, the Securities Act
         and the policies, rules and regulations of the Commission as announced
         from time to time, for a period ending on the second anniversary of the
         Closing Date; provided that to the extent any Blackout Period occurs
         during such two-year period, the Company and the Guarantors shall be
         required to keep the Shelf Registration Statement effective after such
         second anniversary for a period of time equal to the total number of
         days in all Blackout Periods.

                           (b) Provision by Holders of Certain Information in
         Connection with the Shelf Registration Statement. No Holder of Transfer
         Restricted Securities may include any of its Transfer Restricted
         Securities in any Shelf Registration Statement pursuant to this
         Agreement unless and until such Holder furnishes to the Company in
         writing, within 20 days after receipt of a request therefor, such
         information as the Company may reasonably request for use in connection
         with any Shelf Registration Statement or Prospectus or preliminary
         Prospectus included therein. No Holder of Transfer Restricted
         Securities shall be entitled to Liquidated Damages pursuant to Section
         5 hereof unless and until such Holder shall have used its best efforts
         to provide all such reasonably requested information. Each Holder as to
         which any Shelf Registration Statement is being effected agrees to
         furnish promptly to the Company all information required to be
         disclosed in order to make the information previously furnished to the
         Company by such Holder not materially misleading.

                  5. Liquidated Damages.

                  (a) If (a) any of the Registration Statements required by this
Agreement is not filed with the Commission on or prior to the date specified for
such filing in this Agreement, (b) any of such Registration Statements has not
been declared effective by the Commission on or prior to the date specified for
such effectiveness in this Agreement (the "Effectiveness Target Date"), (c) the
Exchange Offer has not been Consummated within 30 business days after the
Effectiveness Target Date with respect to the Exchange Offer Registration
Statement or (d) any Registration Statement required by this Agreement is filed
and declared effective but shall thereafter cease to be effective or fail to be
usable for its intended purpose without being succeeded within two business days
by a post-effective amendment to such Registration Statement that cures such
failure and that is itself immediately declared effective (except as permitted
in paragraph (b), such period of time during which any such Registration
Statement is
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                                                                               7

not effective or any such Registration Statement or the related prospectus is
not usable being referred to as a "Blackout Period") (each such event referred
to in clauses (a) through (d), a "Registration Default"), additional cash
interest ("Liquidated Damages") shall accrue to each Holder of the Securities
with respect to the first 90-day period commencing upon the occurrence of such
Registration Default in an amount equal to $.05 per week per $1,000 principal
amount of Securities held by such Holder. The amount of Liquidated Damages will
increase by an additional $.05 per week per $1,000 principal amount of
Securities with respect to each subsequent 90-day period until all Registration
Defaults have been cured, up to a maximum amount of Liquidated Damages for all
Registration Defaults of $.50 per week per $1,000 principal amount of
Securities. All accrued Liquidated Damages shall be paid to Holders by the
Company and the Guarantors in the same manner as interest is paid pursuant to
the Indenture. Following the cure of all Registration Defaults relating to any
particular Transfer Restricted Securities, the accrual of Liquidated Damages
with respect to such Transfer Restricted Securities will cease.

                  (b) A Registration Default referred to in Section 5(a)(d)
shall be deemed not to have occurred and be continuing in relation to a
Registration Statement or the related Prospectus if (i) the Blackout Period has
occurred solely as a result of (x) the filing of a post-effective amendment to
such Shelf Registration Statement to incorporate annual audited financial
information with respect to the Company where such post-effective amendment is
not yet effective and needs to be declared effective to permit Holders to use
the related Prospectus or (y) the occurrence of other material events with
respect to the Company that would need to be described in such Registration
Statement or the related Prospectus and (ii) in the case of clause (y), the
Company is proceeding promptly and in good faith to amend or supplement
(including by way of filing documents under the Exchange Act which are
incorporated by reference into the Registration Statement) such Registration
Statement and the related Prospectus to describe such events; provided, however,
that in any case if such Blackout Periods occur for more than 60 days in the
aggregate in any 12-month period, a Registration Default shall be deemed to have
occurred on the 61st day and Liquidate Damages shall be payable in accordance
with the above paragraph from the day such Registration Default occurs until
such Registration Default is cured or until the Company is no longer required
pursuant to this Agreement to keep such Registration Statement effective or such
Registration Statement or the related Prospectus usable; provided, further, that
in no event shall the Company be able to invoke more than three Blackout Periods
in any 12-month period and in no event shall the total of all Blackout Periods
exceed 60 days in the aggregate of any 12-month period.

                  All payment obligations of the Company and the Guarantors set
forth in the preceding paragraph that have accrued and are outstanding with
respect to any Transfer Restricted Security at the time such security ceases to
be a Transfer Restricted Security shall survive until such time as all such
obligations with respect to such Transfer Restricted Security shall have been
satisfied in full.

                  (c) The Company and the Guarantors shall notify the Trustee
within one business day after each and every date on which an event occurs in
respect of which Liquidated Damages are required to be paid. Liquidated Damages
shall be paid by depositing Liquidated Damages with the Trustee, in trust, for
the benefit of the Holders of the Securities, on or before the applicable
Interest Payment Date (as defined in the Indenture) (whether or not any payment
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                                                                               8

other than Liquidated Damages is payable on such Securities), in immediately
available funds in sums sufficient to pay the Liquidated Damages then due to
such Holders. Each obligation to pay Liquidated Damages shall be deemed to
accrue from the applicable date of the occurrence of the Registration Default.

                  6. Registration Procedures.

                           (a) Exchange Offer Registration Statement. In
         connection with the Exchange Offer, the Company and the Guarantors
         shall comply with all of the provisions of Section 6(c) below, shall
         use their best efforts to effect such exchange to permit the sale of
         Transfer Restricted Securities being sold in accordance with the
         intended method or methods of distribution thereof, and shall comply
         with all of the following provisions:

                                    (i) If in the reasonable opinion of counsel
                  to the Company and the Guarantors there is a question as to
                  whether the Exchange Offer is permitted by applicable law, the
                  Company and the Guarantors hereby agree to seek a no-action
                  letter or other favorable decision from the Commission
                  allowing the Company to Consummate an Exchange Offer for such
                  Securities. The Company and the Guarantors hereby agree to
                  pursue the issuance of such a decision to the Commission staff
                  level but shall not be required to take commercially
                  unreasonable action to effect a change of Commission policy.
                  The Company and the Guarantors hereby agree, however, to (A)
                  participate in telephonic conferences with the Commission, (B)
                  deliver to the Commission staff an analysis prepared by
                  counsel to the Company and the Guarantors setting forth the
                  legal bases, if any, upon which such counsel has concluded
                  that such an Exchange Offer should be permitted and (C)
                  diligently pursue a resolution (which need not be favorable)
                  by the Commission staff of such submission.

                                    (ii) As a condition to its participation in
                  the Exchange Offer pursuant to the terms of this Agreement,
                  each Holder of Transfer Restricted Securities shall furnish,
                  upon the request of the Company, prior to the Consummation
                  thereof, a written representation to the Company and the
                  Guarantors (which may be contained in the letter of
                  transmittal contemplated by the Exchange Offer Registration
                  Statement) to the effect that (A) it is not an affiliate of
                  the Company, (B) it is not engaged in, and does not intend to
                  engage in, and has no arrangement or understanding with any
                  person to participate in, a distribution of the New Securities
                  to be issued in the Exchange Offer and (C) it is acquiring the
                  New Securities in its ordinary course of business. In
                  addition, all such Holders of Transfer Restricted Securities
                  shall otherwise cooperate in the Company's and the Guarantors'
                  preparations for the Exchange Offer. Each Holder hereby
                  acknowledges and agrees that any Broker-Dealer and any such
                  Holder using the Exchange Offer to participate in a
                  distribution of the securities to be acquired in the Exchange
                  Offer (1) could not under Commission policy as in effect on
                  the date of this Agreement rely on the position of the
                  Commission enunciated in Morgan Stanley and Co., Inc.
                  (available June 5, 1991) and Exxon Capital Holdings
                  Corporation (available May 13, 1988), as interpreted in the
                  Commission's letter to Shearman & Sterling dated July 2, 1993,
                  and similar no-
<PAGE>
                                                                               9

                  action letters (including Brown & Wood LLP (available February
                  7, 1997), and any no-action letter obtained pursuant to clause
                  (i) above) and (2) must comply with the registration and
                  prospectus delivery requirements of the Securities Act in
                  connection with a secondary resale transaction and that such a
                  secondary resale transaction should be covered by an effective
                  registration statement containing the selling security holder
                  information required by Item 507 or 508, as applicable, of
                  Regulation S-K if the resales are of New Securities obtained
                  by such Holder in exchange for Securities acquired by such
                  Holder directly from the Company.

                                    (iii) Prior to the effectiveness of the
                  Exchange Offer Registration Statement, the Company and the
                  Guarantors shall provide a supplemental letter to the
                  Commission (A) stating that the Company and the Guarantors are
                  registering the Exchange Offer in reliance on the position of
                  the Commission enunciated in Exxon Capital Holdings
                  Corporation (available May 13, 1988), Morgan Stanley and Co.,
                  Inc. (available June 5, 1991), Brown & Wood LLP (available
                  February 7, 1997) and, if applicable, any no-action letter
                  obtained pursuant to clause (i) above and (B) including a
                  representation that neither the Company nor any Guarantor has
                  entered into any arrangement or understanding with any Person
                  to distribute the New Securities to be received in the
                  Exchange Offer and that, to the best of the Company's and each
                  Guarantor's information and belief, each Holder participating
                  in the Exchange Offer is acquiring the New Securities in its
                  ordinary course of business and has no arrangement or
                  understanding with any Person to participate in the
                  distribution of the New Securities received in the Exchange
                  Offer.

                  (b) Shelf Registration Statement. In connection with the Shelf
Registration Statement, the Company and the Guarantors shall comply with all the
provisions of Section 6(c) below and shall use their best efforts to effect such
registration to permit the sale of the Transfer Restricted Securities being sold
in accordance with the intended method or methods of distribution thereof, and
pursuant thereto the Company and the Guarantors will prepare and file with the
Commission a Registration Statement relating to the registration on any
appropriate form under the Securities Act, which form shall be available for the
sale of the Transfer Restricted Securities in accordance with the intended
method or methods of distribution thereof within the time periods and otherwise
in accordance with the provisions hereof.

                  (c) General Provisions. In connection with any Registration
Statement and any Prospectus required by this Agreement to permit the sale or
resale of Transfer Restricted Securities (including, without limitation, any
Registration Statement and the related Prospectus required to permit resales of
Securities by Broker-Dealers), the Company and the Guarantors shall:

                           (i) use their best efforts to keep such Registration
         Statement continuously effective and provide all requisite financial
         statements for the period specified in Section 3 or 4 of this
         Agreement, as applicable; upon the occurrence of any event that would
         cause any such Registration Statement or the Prospectus contained
         therein (A) to contain a material misstatement or omission or (B) not
         to
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                                                                              10

         be effective and usable for resale of Transfer Restricted Securities
         during the period required by this Agreement, the Company and the
         Guarantors shall file promptly an appropriate amendment to such
         Registration Statement, in the case of clause (A), correcting any such
         misstatement or omission, and, in the case of either clause (A) or (B),
         use their reasonable best efforts to cause such amendment to be
         declared effective and such Registration Statement and the related
         Prospectus to become usable for their intended purpose(s) as soon as
         practicable thereafter;

                           (ii) prepare and file with the Commission such
         amendments and post-effective amendments to the Registration Statement
         as may be necessary to keep the Registration Statement effective for
         the applicable period set forth in Section 3 or 4 hereof, as
         applicable, or such shorter period as will terminate when all Transfer
         Restricted Securities covered by such Registration Statement have been
         sold; cause the Prospectus to be supplemented by any required
         Prospectus supplement, and as so supplemented to be filed pursuant to
         Rule 424 under the Securities Act, and to comply fully with the
         applicable provisions of Rules 424 and 430A under the Securities Act in
         a timely manner; and comply with the provisions of the Securities Act
         with respect to the disposition of all securities covered by such
         Registration Statement during the applicable period in accordance with
         the intended method or methods of distribution by the sellers thereof
         set forth in such Registration Statement or supplement to the
         Prospectus;

                           (iii) in the case of a Shelf Registration Statement,
         advise the underwriter(s), if any, and selling Holders as promptly as
         practicable and, if requested by such Persons, confirm such advice in
         writing, (A) when the Prospectus or any Prospectus supplement or
         post-effective amendment has been filed, and, with respect to any
         Registration Statement or any post-effective amendment thereto, when
         the same has become effective, (B) of any request by the Commission for
         amendments to the Registration Statement or amendments or supplements
         to the Prospectus or for additional information relating thereto, (C)
         of the issuance by the Commission of any stop order suspending the
         effectiveness of the Registration Statement under the Securities Act or
         of the suspension by any state securities commission of the
         qualification of the Transfer Restricted Securities for offering or
         sale in any jurisdiction, or the initiation of any proceeding for any
         of the preceding purposes, or (D) of the existence of any fact or the
         happening of any event that makes any statement of a material fact made
         in the Registration Statement, the Prospectus, any amendment or
         supplement thereto, or any document incorporated by reference therein
         untrue, or that requires the making of any additions to or changes in
         the Registration Statement or the Prospectus in order to make the
         statements therein not misleading. If at any time the Commission shall
         issue any stop order suspending the effectiveness of the Registration
         Statement, or any state securities commission or other regulatory
         authority shall issue an order suspending the qualification or
         exemption from qualification of the Transfer Restricted Securities
         under state securities or Blue Sky laws, the Company and the Guarantors
         shall use their best efforts to obtain the withdrawal or lifting of
         such order at the earliest possible time;
<PAGE>
                                                                              11

                           (iv) in the case of a Shelf Registration Statement,
         furnish to each of the selling or exchanging Holders that are Initial
         Purchasers and each of the underwriter(s), if any, before filing with
         the Commission, copies of any Registration Statement or any Prospectus
         included therein or any amendments or supplements to any such
         Registration Statement or Prospectus (including all documents
         incorporated by reference after the initial filing of such Registration
         Statement, if any), which documents will be subject to the review of
         such Holders and underwriter(s), if any, for a period of at least five
         business days, and neither the Company nor any Guarantor will file any
         such Registration Statement or Prospectus or any amendment or
         supplement to any such Registration Statement or Prospectus (including
         all such documents incorporated by reference) to which selling Holders
         shall reasonably object within five business days after the receipt
         thereof. A selling Holder or underwriter, if any, shall be deemed to
         have reasonably objected to such filing if such Registration Statement,
         amendment, Prospectus or supplement, as applicable, as proposed to be
         filed, contains a material misstatement or omission;

                           (v) in the case of a Shelf Registration Statement,
         make available at reasonable times for inspection at the Company's
         headquarters by the selling Holders, any underwriter participating in
         any disposition pursuant to such Registration Statement, and any
         attorney or accountant retained by such selling Holders or any of the
         underwriter(s), all financial and other records, pertinent corporate
         documents and properties of the Company and the Guarantors and cause
         the Company's and the Guarantors' officers, directors, managers and
         employees to supply all information reasonably requested by any such
         Holder, underwriter, attorney or accountant in connection with such
         Registration Statement subsequent to the filing thereof and prior to
         its effectiveness;

                           (vi) in the case of a Shelf Registration Statement,
         if requested by any selling Holders or the underwriter(s), if any,
         promptly incorporate in any Registration Statement or Prospectus,
         pursuant to a supplement or post-effective amendment if necessary, such
         information as such selling Holders and underwriter(s), if any, may
         reasonably request to have included therein, including, without
         limitation, information relating to the "Plan of Distribution" of the
         Transfer Restricted Securities, information with respect to the
         principal amount of Transfer Restricted Securities being sold to such
         underwriter(s), the purchase price being paid therefor and any other
         terms of the offering of the Transfer Restricted Securities to be sold
         in such offering, and make all required filings of such Prospectus
         supplement or post-effective amendment as soon as practicable after the
         Company is notified of the matters to be incorporated in such
         Prospectus supplement or post-effective amendment but in any event
         within 5 business days after such notification;

                           (vii) cause the Transfer Restricted Securities
         covered by the Registration Statement to be rated with the appropriate
         rating agencies, if so requested by the Holders of a majority in
         aggregate principal amount of Securities covered thereby or the
         underwriter(s), if any;
<PAGE>
                                                                              12

                           (viii) in the case of a Shelf Registration Statement,
         furnish to each selling Holder and each of the underwriter(s), if any,
         without charge, at least one copy of the Registration Statement, as
         first filed with the Commission, and of each amendment thereto,
         including all documents incorporated by reference therein, if any, and
         all exhibits (other than exhibits incorporated therein by reference
         unless requested in writing by such Holder) ;

                           (ix) in the case of a Shelf Registration Statement,
         deliver to each selling Holder and each of the underwriter(s), if any,
         without charge, as many copies of the Prospectus (including each
         preliminary prospectus) and any amendment or supplement thereto as such
         Persons reasonably may request; the Company and the Guarantors hereby
         consent to the use of the Prospectus and any amendment or supplement
         thereto by each of the selling Holders and each of the underwriter(s),
         if any, in connection with the offering and the sale of the Transfer
         Restricted Securities covered by the Prospectus or any amendment or
         supplement thereto;

                           (x) in the case of a Shelf Registration Statement,
         enter into such agreements (including an underwriting agreement) and
         make such representations and warranties, and take all such other
         actions in connection therewith, in order to expedite or facilitate the
         disposition of the Transfer Restricted Securities pursuant to any
         Registration Statement contemplated by this Agreement, all to such
         extent as may be requested by any purchaser or by any Holder of
         Transfer Restricted Securities or underwriter, if any, in connection
         with any sale or resale pursuant to any Registration Statement
         contemplated by this Agreement; and in connection with an Underwritten
         Registration, the Company and the Guarantors shall:

                                    (A) upon request, furnish (or in the case of
                  paragraphs (2) and (3), use its reasonable best efforts to
                  furnish) to each selling Holder and each underwriter, if any,
                  in such substance and scope as they may request and as are
                  customarily made by issuers to underwriters in primary
                  underwritten offerings, upon the date of the effectiveness of
                  the Shelf Registration Statement:

                                             (1) a certificate, dated the date
                           of the effectiveness of the Shelf Registration
                           Statement, signed by (y) the Chairman of the Board,
                           its President or a Vice President and (z) the Chief
                           Financial Officer of the Company and each of the
                           Guarantors, confirming, as of the date thereof, such
                           matters as such parties may reasonably request;

                                             (2) an opinion, dated the date of
                           the effectiveness of the Shelf Registration
                           Statement, of counsel for the Company and the
                           Guarantors, covering such matters as such parties may
                           reasonably request, and in any event including a
                           statement to the effect that such counsel has
                           participated in
<PAGE>
                                                                              13

                           conferences with officers and other representatives
                           of the Company and the Guarantors, representatives of
                           the independent public accountants for the Company,
                           the Initial Purchasers' representatives and the
                           Initial Purchasers' counsel in connection with the
                           preparation of such Registration Statement and the
                           related Prospectus and have considered the matters
                           required to be stated therein and the statements
                           contained therein, although such counsel has not
                           independently verified the accuracy, completeness or
                           fairness of such statements, and that such counsel
                           advises that, on the basis of the foregoing (relying
                           as to materiality to a large extent upon facts
                           provided to such counsel by officers and other
                           representatives of the Company and the Guarantors and
                           without independent check or verification), no facts
                           came to such counsel's attention that caused such
                           counsel to believe that the applicable Registration
                           Statement, at the time such Registration Statement or
                           any post-effective amendment thereto became
                           effective, contained an untrue statement of a
                           material fact or omitted to state a material fact
                           required to be stated therein or necessary to make
                           the statements therein not misleading, or that the
                           Prospectus contained in such Registration Statement
                           as of its date, contained an untrue statement of a
                           material fact or omitted to state a material fact
                           necessary in order to make the statements therein, in
                           light of the circumstances under which they were
                           made, not misleading. Without limiting the foregoing,
                           such counsel may state further that such counsel
                           assumes no responsibility for, and has not
                           independently verified, the accuracy, completeness or
                           fairness of the financial statements, notes and
                           schedules and other financial and statistical data
                           included in any Registration Statement contemplated
                           by this Agreement or the related Prospectus; and

                                             (3) a customary comfort letter,
                           dated the date of the effectiveness of the Shelf
                           Registration Statement, from the Company's
                           independent accountants, in the customary form and
                           covering matters of the type customarily covered in
                           comfort letters by underwriters in connection with
                           primary underwritten offerings.

                                    (B) set forth in full or incorporate by
                  reference in the underwriting agreement, if any, the
                  indemnification provisions and procedures of Section 8 hereof
                  with respect to all parties to be indemnified pursuant to said
                  Section; and

                                    (C) deliver such other documents and
                  certificates as may be reasonably requested by such parties to
                  evidence compliance with clause (A) above and with any
                  customary conditions contained in the underwriting agreement
                  or other agreement entered into by the Company and the
                  Guarantors pursuant to this clause (xi), if any.
<PAGE>
                                                                              14

                           If at any time the representations and warranties of
         the Company or the Guarantors contemplated in clause (A)(1) above cease
         to be true and correct, the Company or the Guarantors shall so advise
         the Initial Purchasers and the underwriter(s), if any, and each selling
         Holder promptly and, if requested by such Persons, shall confirm such
         advice in writing.

                           (xi) in the case of a Shelf Registration Statement,
         prior to any public offering of Transfer Restricted Securities,
         cooperate with the selling Holders, the underwriter(s), if any, and
         their respective counsel in connection with the registration and
         qualification of the Transfer Restricted Securities under the
         securities or Blue Sky laws of such jurisdictions as the selling
         Holders or underwriter(s) may reasonably request and do any and all
         other acts or things necessary or advisable to enable the disposition
         in such jurisdictions of the Transfer Restricted Securities covered by
         the Shelf Registration Statement; provided, however, that the Company
         and the Guarantors shall not be required to register or qualify as a
         foreign corporation where it is not now so qualified or to take any
         action that would subject it to service of process in suits or to
         taxation in any jurisdiction where it is not now so subject;

                           (xii) in the case of a Shelf Registration Statement,
         shall issue, upon the request of any Holder of Securities covered by
         the Shelf Registration Statement, New Securities in the same amount as
         the Securities surrendered to the Company by such Holder in exchange
         therefor or being sold by such Holder, such New Securities to be
         registered in the name of such Holder or in the name of the
         purchaser(s) of such Securities, as the case may be; in return, the
         Securities held by such Holder shall be surrendered to the Company for
         cancellation;

                           (xiii) in the case of sales made pursuant to a Shelf
         Registration Statement, cooperate with the selling Holders and the
         underwriter(s), if any, to facilitate the timely preparation and
         delivery of certificates representing Transfer Restricted Securities to
         be sold and not bearing any restrictive legends and enable such
         Transfer Restricted Securities to be in such denominations and
         registered in such names as the Holders or the underwriter(s), if any,
         may request at least two business days prior to any sale of Transfer
         Restricted Securities made by such underwriter(s);

                           (xiv) use their best efforts to cause the Transfer
         Restricted Securities covered by the Registration Statement to be
         registered with or approved by such other governmental agencies or
         authorities as may be necessary to enable the seller or sellers thereof
         or the underwriter(s), if any, to consummate the disposition of such
         Transfer Restricted Securities, subject to the proviso contained in
         clause (xii) above;

                           (xv) if any fact or event contemplated by clause
         (c)(iii)(D) above shall exist or have occurred as soon as is reasonably
         practicable, prepare a supplement or post-effective amendment to the
         Registration Statement or related Prospectus or any document
         incorporated therein by reference or file any other
<PAGE>
                                                                              15

         required document so that, as thereafter delivered to the purchasers of
         Transfer Restricted Securities, the Prospectus will not contain an
         untrue statement of a material fact or omit to state any material fact
         necessary to make the statements therein not misleading;

                           (xvi) obtain CUSIP numbers for all Transfer
         Restricted Securities not later than the effective date of the
         Registration Statement and provide certificates for the Transfer
         Restricted Securities;

                           (xvii) cooperate and assist in any filings required
         to be made with the NASD and in the performance of any due diligence
         investigation by any underwriter (including any "qualified independent
         underwriter") that is required to be retained in accordance with the
         rules and regulations of the NASD, and use their best efforts to cause
         such Registration Statement to become effective and approved by such
         governmental agencies or authorities as may be necessary to enable the
         Holders selling Transfer Restricted Securities to consummate the
         disposition of such Transfer Restricted Securities; provided, however,
         that the Company and the Guarantors shall not be required to register
         or qualify as a foreign corporation where it is not now so qualified or
         to take any action that would subject it to service of process in suits
         or to taxation, other than as to matters and transactions relating to
         the Registration Statement, in any jurisdiction where it is not now so
         subject;

                           (xviii) otherwise use their best efforts to comply
         with all applicable rules and regulations of the Commission, and make
         generally available to its security holders, as soon as practicable, a
         consolidated earning statement meeting the requirements of Rule 158
         under the Securities Act (which need not be audited) for the
         twelve-month period (A) commencing at the end of any fiscal quarter in
         which Transfer Restricted Securities are sold to underwriters in a firm
         or best efforts Underwritten Offering or (B) if not sold to
         underwriters in such an offering, beginning with the first month of the
         Company's first fiscal quarter commencing after the effective date of
         the Registration Statement;

                           (xix) cause the Indenture to be qualified under the
         TIA not later than the effective date of the first Registration
         Statement required by this Agreement, and, in connection therewith,
         cooperate with the Trustee and the Holders of Securities to effect such
         changes to the Indenture as may be required for such Indenture to be so
         qualified in accordance with the terms of the TIA, and execute and use
         their best efforts to cause the Trustee to execute all documents that
         may be required to effect such changes and all other forms and
         documents required to be filed with the Commission to enable such
         Indenture to be so qualified in a timely manner; and

                           (xx) provide promptly to each Holder upon request
         each document filed with the Commission pursuant to the requirements of
         Section 13 and Section 15 of the Exchange Act.
<PAGE>
                                                                              16

                           Each Holder agrees by acquisition of a Transfer
         Restricted Security that, upon receipt of any notice from the Company
         of the existence of any fact of the kind described in Section
         6(c)(iii)(D) hereof, such Holder will forthwith discontinue disposition
         of Transfer Restricted Securities pursuant to the applicable
         Registration Statement until such Holder's receipt of the copies of the
         supplemented or amended Prospectus contemplated by Section 6(c)(xvi)
         hereof, or until it is advised in writing (the "Advice") by the Company
         that the use of the Prospectus may be resumed, and has received copies
         of any additional or supplemental filings that are incorporated by
         reference in the Prospectus. If so directed by the Company each Holder
         will deliver to the Company (at the Company's expense) all copies,
         other than permanent file copies then in such Holder's possession, of
         the Prospectus covering such Transfer Restricted Securities that was
         current at the time of receipt of such notice. In the event the Company
         shall give any such notice, the time period regarding the effectiveness
         of such Registration Statement set forth in Section 3 or 4 hereof, as
         applicable, shall be extended by the number of days during the period
         from and including the date of the giving of such notice pursuant to
         Section 6(c)(iii)(D) hereof to and including the date when each selling
         Holder covered by such Registration Statement shall have received the
         copies of the supplemented or amended Prospectus contemplated by
         Section 6(c)(xvi) hereof or shall have received the Advice.

                  7. Registration Expenses.

                           All expenses incident to the Company's and the
         Guarantors' performance of or compliance with this Agreement will be
         borne by the Company and the Guarantors, regardless of whether a
         Registration Statement becomes effective, including without limitation:
         (i) all registration and filing fees and expenses (including filings
         made by any purchaser or Holder with the NASD (and, if applicable, the
         fees and expenses of any "qualified independent underwriter" and its
         counsel that may be required by the rules and regulations of the
         NASD)); (ii) all fees and expenses of compliance with federal
         securities and state Blue Sky or securities laws; (iii) all expenses of
         printing (including printing certificates for the New Securities to be
         issued in the Exchange Offer and printing of Prospectuses), and
         associated messenger and delivery services and telephone; (iv) all fees
         and disbursements of counsel for the Company and the Guarantors and, in
         the case of a Shelf Registration Statement, the reasonable fees and
         disbursements of one counsel for the Holders in an amount not to exceed
         $50,000; (v) all application and filing fees in connection with listing
         Securities on a national securities exchange or automated quotation
         system, and the obtaining of a rating of the Securities, if applicable;
         and (vi) all fees and disbursements of independent certified public
         accountants of the Company (including the expenses of any special audit
         and comfort letters required by or incident to such performance).

                           The Company and the Guarantors will, in any event,
         bear their internal expenses (including, without limitation, all
         salaries and expenses of its officers and employees performing legal or
         accounting duties), the expenses of any annual audit and the fees and
         expenses of any Person, including special experts, retained by the
         Company or any Guarantor. Except as provided in this Section 7, the
         Holders will pay all of their costs and expenses, including fees and
         disbursements of their counsel.
<PAGE>
                                                                              17

                  8. Indemnification and Contribution.

                  (a) In connection with a Shelf Registration Statement or in
connection with any delivery of a Prospectus contained in an Exchange Offer
Registration Statement by any participating Broker-Dealer or any Initial
Purchaser, as applicable, who seeks to sell New Securities, the Company and each
Guarantor shall indemnify and hold harmless each Holder of Transfer Restricted
Securities included within any such Shelf Registration Statement and each
participating Broker-Dealer or Initial Purchaser selling New Securities, and
each person, if any, who controls any such person within the meaning of Section
15 of the Securities Act (each, a "Participant") from and against any loss,
claim, damage or liability, joint or several, or any action in respect thereof
(including, but not limited to, any loss, claim, damage, liability or action
relating to purchases and sales of Securities) to which such Participant or
controlling person may become subject, under the Securities Act or otherwise,
insofar as such loss, claim, damage, liability or action arises out of, or is
based upon, (i) any untrue statement or alleged untrue statement of a material
fact contained in any such Registration Statement or any prospectus forming part
thereof or in any amendment or supplement thereto or (ii) the 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 shall reimburse
each Participant promptly upon demand for any legal or other expenses reasonably
incurred by such Participant in connection with investigating or defending or
preparing to defend against any such loss, claim, damage, liability or action as
such expenses are incurred; provided, however, that (i) the Company and the
Guarantors shall not be liable in any such case to the extent that any such
loss, claim, damage, liability or action arises out of, or is based upon, any
untrue statement or alleged untrue statement or omission or alleged omission
made in any such Registration Statement or any prospectus forming part thereof
or in any such amendment or supplement in reliance upon and in conformity with
written information furnished to the Company by or on behalf of any Participant
specifically for inclusion therein; and provided further that as to any
preliminary Prospectus, the indemnity agreement contained in this Section 8(a)
shall not inure to the benefit of any such Participant or any controlling person
of such Participant on account of any loss, claim, damage, liability or action
arising from the sale of the New Securities to any person by that Participant if
(i) that Participant failed to send or give a copy of the Prospectus, as the
same may be amended or supplemented, to that person within the time required by
the Securities Act and (ii) the untrue statement or alleged untrue statement of
a material fact or omission or alleged omission to state a material fact in such
preliminary Prospectus was corrected in the Prospectus, unless, in each case,
such failure resulted from non-compliance by the Company or any Guarantor with
Section 6(c) hereof. The foregoing indemnity agreement is in addition to any
liability which the Company and the Guarantors may otherwise have to any
Participant or to any controlling person of that Participant.

                  (b) Each Participant, severally and not jointly, shall
indemnify and hold harmless the Company, each Guarantor, each of their
respective directors, officers, employees or agents and each person, if any, who
controls the Company or any Guarantor within the meaning of Section 15 of the
Securities Act, from and against any loss, claim, damage or liability, joint or
several, or any action in respect thereof, to which the Company, such Guarantor
or any such director, officer, employees or agents or controlling person may
become subject, under the Securities Act or otherwise, insofar as such loss,
claim, damage, liability or action arises out of, or is based upon, (i) any
untrue statement or alleged untrue statement of a material fact contained
<PAGE>
                                                                              18

in any preliminary Prospectus, Registration Statement or Prospectus or in any
amendment or supplement thereto or (ii) the omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make
the statements therein not misleading, but in each case only to the extent that
the untrue statement or alleged untrue statement or omission or alleged omission
was made in reliance upon and in conformity with written information furnished
to the Company by or on behalf of that Participant specifically for inclusion
therein, and shall reimburse the Company, such Guarantor and any such director,
officer, employee or agent or controlling person for any legal or other expenses
reasonably incurred by the Company, such Guarantor or any such director,
officer, employee or agent or controlling person in connection with
investigating or defending or preparing to defend against any such loss, claim,
damage, liability or action as such expenses are incurred. The foregoing
indemnity agreement is in addition to any liability which any Participant may
otherwise have to the Company, the Guarantors or any such director, officer or
controlling person.

                  (c) Promptly after receipt by an indemnified party under this
Section 8 of notice of any claim or the commencement of any action, the
indemnified party shall, if a claim in respect thereof is to be made against the
indemnifying party under this Section 8, notify the indemnifying party in
writing of the claim or the commencement of that action; provided, however, that
the failure to notify the indemnifying party shall not relieve it from any
liability which it may have under this Section 8 except to the extent it has
been materially prejudiced by such failure and, provided further, that the
failure to notify the indemnifying party shall not relieve it from any liability
which it may have to an indemnified party otherwise than under this Section 8.
If any such claim or action shall be brought against an indemnified party, and
it shall have notified the indemnifying party thereof, the indemnifying party
shall be entitled to participate therein and, to the extent that it wishes,
jointly with any other similarly notified indemnifying party, to assume the
defense thereof with counsel satisfactory to the indemnified party. After notice
from the indemnifying party to the indemnified party of its election to assume
the defense of such claim or action, the indemnifying party shall not be liable
to the indemnified party under this Section 8 for any legal or other expenses
subsequently incurred by the indemnified party in connection with the defense
thereof other than reasonable costs of investigation; provided, however, that
the indemnified party shall have the right to employ separate counsel to
represent jointly the indemnified party and those other Participants and their
respective officers, employees and controlling persons who may be subject to
liability arising out of any claim in respect of which indemnity may be sought
by the Participants against the indemnifying party under this Section 8 if, in
the reasonable judgment of the indemnified party it is advisable for the
indemnified party and those Participants, officers, employees and controlling
persons to be jointly represented by separate counsel, and in that event the
fees and expenses of such separate counsel shall be paid by the indemnifying
party. In no event shall the indemnifying parties be liable for the fees and
expenses of more than one counsel (in addition to local counsel). Each
indemnified party, as a condition of the indemnity agreements contained in
Section 8, shall use its best efforts to cooperate with the indemnifying party
in the defense of any such action or claim. No indemnifying party shall (i)
without the prior written consent of the indemnified parties (which consent
shall not be unreasonably withheld), settle or compromise or consent to the
entry of any judgment with respect to any pending or threatened claim, action,
suit or proceeding in respect of which indemnification or contribution may be
sought hereunder (whether or not the indemnified parties are actual or potential
parties to such claim or action) unless such settlement, compromise or consent
includes an unconditional release of each
<PAGE>
                                                                              19

indemnified party from all liability arising out of such claim, action, suit or
proceeding or (ii) be liable for any settlement of any such action effected
without its written consent (which consent shall not be unreasonably withheld),
but if settled with its written consent or if there be a final judgment of the
plaintiff in any such action, the indemnifying party agrees to indemnify and
hold harmless any indemnified party from and against any loss or liability by
reason of such settlement or judgment.

                  (d) If the indemnification provided for in this Section 8
shall for any reason be unavailable to or insufficient to hold harmless an
indemnified party under Section 8(a) or 8(b) in respect of any loss, claim,
damage or liability, or any action in respect thereof, referred to therein, then
each indemnifying party shall, in lieu of indemnifying such indemnified party,
contribute to the amount paid or payable by such indemnified party as a result
of such loss, claim, damage or liability, or action in respect thereof, in such
proportion as shall be appropriate to reflect the relative fault of the Company
and the Guarantors on the one hand and the Participants on the other with
respect to the statements or omissions which resulted in such loss, claim,
damage or liability, or action in respect thereof, as well as any other relevant
equitable considerations. The relative fault shall be determined by reference to
whether the untrue or alleged untrue statement of a material fact or omission or
alleged omission to state a material fact relates to information supplied by the
Company and the Guarantors or the Participants, the intent of the parties and
their relative knowledge, access to information and opportunity to correct or
prevent such statement or omission. The Company, the Guarantors and the
Participants agree that it would not be just and equitable if contributions
pursuant to this Section 8(d) were to be determined by pro rata allocation (even
if the Participants were treated as one entity for such purpose) or by any other
method of allocation which does not take into account the equitable
considerations referred to herein. The amount paid or payable by an indemnified
party as a result of the loss, claim, damage or liability, or action in respect
thereof, referred to above in this Section 8(d) shall be deemed to include, for
purposes of this Section 8(d), any legal or other expenses reasonably incurred
by such indemnified party in connection with investigating or defending any such
action or claim. Notwithstanding the provisions of this Section 8(d), no
Participant shall be required to contribute any amount in excess of the amount
by which proceeds received by such Participant from an offering of the
Securities exceeds the amount of any damages which such Participant has
otherwise paid or become liable to pay by reason of any untrue or alleged untrue
statement or omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. The Participants' obligations to contribute as
provided in this Section 8(d) are several and not joint.

                  9. Rule 144A.

                  The Company and each Guarantor hereby agrees with each Holder,
for so long as any Transfer Restricted Securities remain outstanding, to make
available to any Holder or beneficial owner of Transfer Restricted Securities in
connection with any sale thereof and any prospective purchaser of such Transfer
Restricted Securities from such Holder or beneficial owner, the information
required by Rule 144A(d)(4) under the Securities Act in order to permit resales
of such Transfer Restricted Securities pursuant to Rule 144A.
<PAGE>
                                                                              20

                  10. Participation in Underwritten Registrations.

                  The Holders shall be entitled to request only one Underwritten
Registration hereunder (unless such requested Underwritten Registration is not
consummated). No Holder may participate in such Underwritten Registration
hereunder unless such Holder (a) agrees to sell such Holder's Transfer
Restricted Securities on the basis provided in any underwriting arrangements
approved by the Persons entitled hereunder to approve such arrangements and (b)
completes and executes all reasonable questionnaires, powers of attorney,
indemnities, underwriting agreements, lock-up letters and other documents
required under the terms of such underwriting arrangements.

                  11. Selection of Underwriters.

                  The Holders of Transfer Restricted Securities covered by the
Shelf Registration Statement who desire to do so may sell such Transfer
Restricted Securities in an Underwritten Offering. In such Underwritten
Offering, the investment banker or investment bankers and manager or managers
that will administer the offering will be selected by the Holders of a majority
in aggregate principal amount of the Transfer Restricted Securities included in
such offering; provided that such investment bankers and managers must be
reasonably satisfactory to the Company.

                  12. Miscellaneous.

                           (a) Remedies. The Company and the Guarantors agree
         that monetary damages (including Liquidated Damages) would not be
         adequate compensation for any loss incurred by reason of a breach by it
         of the provisions of this Agreement and hereby agrees to waive the
         defense in any action for specific performance that a remedy at law
         would be adequate.

                           (b) No Inconsistent Agreements. Neither the Company
         nor any Guarantor will on or after the date of this Agreement enter
         into any agreement with respect to its securities that is inconsistent
         with the rights granted to the Holders in this Agreement or otherwise
         conflicts with the provisions hereof. There are no agreements granting
         to any Person any registration rights with respect to the securities of
         the Company or any Guarantor. The rights granted to the Holders
         hereunder do not in any way conflict with and are not inconsistent with
         the rights granted to the holders of the Company's securities under any
         agreement in effect on the date hereof.

                           (c) Adjustments Affecting the Securities. Neither the
         Company nor any Guarantor will take any action, or permit any change to
         occur, with respect to Securities that would materially and adversely
         affect the ability of the Holders to Consummate any Exchange Offer
         unless such action or change is required by applicable law.

                           (d) Amendments and Waivers. The provisions of this
         Agreement may not be amended, modified or supplemented, and waivers or
         consents to or departures from the provisions hereof may not be given
         unless the Company has obtained the written consent of Holders of a
         majority of the outstanding principal amount of Transfer
<PAGE>
                                                                              21

         Restricted Securities. Notwithstanding the foregoing, a waiver or
         consent to departure from the provisions hereof that relates
         exclusively to the rights of Holders whose securities are being
         tendered pursuant to the Exchange Offer and that does not affect
         directly or indirectly the rights of other Holders whose securities are
         not being tendered pursuant to such Exchange Offer may be given by the
         Holders of a majority of the outstanding principal amount of Transfer
         Restricted Securities being tendered or registered.

                           (e) Notices. All notices and other communications
         provided for or permitted hereunder shall be made in writing by
         hand-delivery, first-class mail (registered or certified, return
         receipt requested), telex, telecopier, or air courier guaranteeing
         overnight delivery:

                                    (i) if to a Holder, at the address of such
                  Holder maintained by the Registrar under the Indenture; and

                                    (ii) if to the Company or the Guarantors:

                                            Cott Corporation
                                            207 Queen's Quay West
                                            Suite 340
                                            Toronto, Ontario M5J 1A7
                                            Canada
                                            Facsimile: 416-203-5609

                                            With a copy to:

                                            One Logan Square
                                            18th and Cherry Streets
                                            Philadelphia, PA 19103
                                            Drinker Biddle & Reath LLP
                                            Facsimile: 215-988-2757

                           All such notices and communications shall be deemed
         to have been duly given: at the time delivered by hand, if personally
         delivered; five business days after being deposited in the mail,
         postage prepaid, if mailed; when answered back, if telexed; when
         receipt acknowledged, if telecopied; and on the next business day, if
         timely delivered to an air courier guaranteeing overnight delivery.

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

                           (f) Successors and Assigns. This Agreement shall
         inure to the benefit of and be binding upon the successors and assigns
         of each of the parties, including without limitation and without the
         need for an express assignment, subsequent Holders of Transfer
         Restricted Securities; provided, however, that this Agreement shall not
         inure to
<PAGE>
                                                                              22

         the benefit of or be binding upon a successor or assign of a Holder
         unless and to the extent such successor or assign acquired Transfer
         Restricted Securities from such Holder.

                           (g) 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.

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

                           (i) Governing Law. THIS AGREEMENT SHALL BE GOVERNED
         BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
         COTT HEREBY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF THE FEDERAL
         AND STATE COURTS IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY IN ANY
         SUIT OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE
         TRANSACTIONS CONTEMPLATED HEREBY.

                           (j) Severability. In the event that any one or more
         of the provisions contained herein, or the application thereof in any
         circumstance, is held invalid, illegal or unenforceable, the validity,
         legality and enforceability of any such provision in every other
         respect and of the remaining provisions contained herein shall not be
         affected or impaired thereby.

                           (k) Entire Agreement. This Agreement together with
         the other transaction documents is intended by the parties as a final
         expression of their agreement and intended to be a complete and
         exclusive statement of the agreement and understanding of the parties
         hereto in respect of the subject matter contained herein. There are no
         restrictions, promises, warranties or undertakings, other than those
         set forth or referred to herein, with respect to the registration
         rights granted by the Company with respect to the Transfer Restricted
         Securities. This Agreement supersedes all prior agreements and
         understandings between the parties with respect to such subject matter.

                           (l) Required Consents. Whenever the consent or
         approval of Holders of a specified percentage of Transfer Restricted
         Securities is required hereunder, Transfer Restricted Securities held
         by the Company, any Guarantor or any of their respective 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.

                      [This page intentionally left blank]
<PAGE>
                                                                              23

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

                                          COTT BEVERAGES INC.

                                          By:            /s/ Raymond P. Silcock
                                                --------------------------------
                                                Name:    Raymond P. Silcock
                                                Title:   EVP

                                          COTT CORPORATION

                                          By:            /s/ Raymond P. Silcock
                                                --------------------------------
                                                Name:    Raymond P. Silcock
                                                Title:   EVP

                                          COTT HOLDINGS INC.

                                          By:            /s/ Raymond P. Silcock
                                                --------------------------------
                                                Name:    Raymond P. Silcock
                                                Title:   EVP

                                          COTT USA CORP.

                                          By:            /s/ Raymond P. Silcock
                                                --------------------------------
                                                Name:    Raymond P. Silcock
                                                Title:   EVP

                                          COTT VENDING INC.

                                          By:            /s/ Raymond P. Silcock
                                                --------------------------------
                                                Name:    Raymond P. Silcock
                                                Title:   EVP
<PAGE>
                                                                              24

                                          INTERIM BCB, LLC

                                          By:            /s/ Raymond P. Silcock
                                                --------------------------------
                                                Name:    Raymond P. Silcock
                                                Title:   EVP

                                          CONCORD HOLDING GP INC.

                                          By:            /s/ Raymond P. Silcock
                                                --------------------------------
                                                Name:    Raymond P. Silcock
                                                Title:   EVP

                                          CONCORD HOLDING LP INC.

                                          By:            /s/ Raymond P.Silcock
                                                --------------------------------
                                                Name:    Raymond P. Silcock
                                                Title:   EVP

                                          CONCORD BEVERAGE LP

                                          By:            /s/ Raymond P. Silcock
                                                --------------------------------
                                                Name:    Raymond P. Silcock
                                                Title:   EVP
<PAGE>
                                                                              25

Accepted:

LEHMAN BROTHERS INC.
BMO NESBITT BURNS CORP.
CIBC WORLD MARKETS CORP.

     By: LEHMAN BROTHERS INC.

     By: /s/ Michael Konigsberg
        -----------------------
         Name:  Michael Konigsberg
         Title: Managing Director<PAGE>
                                                                    EXHIBIT 10.5

                               [COTT Letterhead]

February 18, 2002

Paul Richardson
Address
City, Ontario
Postal Code

Dear Paul:

RE:      EMPLOYMENT AGREEMENT AMENDMENT

Further to our recent discussion regarding your temporary relocation and
assignment, I confirm the enhanced severance terms which will be applicable for
the period specified below.

As you know, pursuant to the terms of the employment agreement which you entered
into with Cott dated August 23, 1999 (the "Employment Agreement"), in the event
your employment is terminated without cause, you will receive the aggregate of
two times your annual salary and bonus paid or payable, plus the cash value of
all benefits and prerequisites and the average of any remuneration received by
you during the two years prior to the notice of termination being received by
you.

As we have discussed, during the period commencing February 15, 2002 and lasting
until three months(3) after your return from this assignment in England (the
"Amendment Period"), the company has revised your entitlements pursuant to the
Employment Agreement such that if your employment is terminated during the
Amendment Period without cause, you shall receive the aggregate of three times
your annual salary and bonus paid or payable plus the cash value of all benefits
and prerequisites and the average of any other remuneration paid to you during
the two years prior to your receiving that termination notice.

If your employment is terminated without cause while you are in the United
Kingdom, Cott will reimburse you the costs which you incur in relocating back to
Canada or the United States.

After your return from England, your entitlements upon termination shall revert
back to those found in the original form of employment agreement dated October
23, 1999.

The remaining terms of the Employment Agreement are unchanged.

<PAGE>

                                     - 2 -

Please sign your acknowledgement and your agreement with this addendum on a copy
of this letter provided for that purpose and return the executed copy to me.

Yours very truly,

/s/ Colin D. Walker

Colin D. Walker
Senior Vice-President
Human Resources

Agreed to and accepted this        day of February, 2002.
                            ------

/s/ Paul Richardson
-------------------------------
Paul Richardson

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