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Exhibit 4.17    
    

Huntsman International LLC  

$150,000,000 97/8% Senior Notes due 2009  

unconditionally guaranteed as to the

payment of principal, premium,

if any, and interest by  

Eurofuels LLC

Eurostar Industries LLC

Huntsman EA Holdings LLC

Huntsman Ethyleneamines Ltd.

Huntsman International Financial LLC

Huntsman International Fuels, L.P.

Huntsman Propylene Oxide Holdings LLC

Huntsman Propylene Oxide Ltd.

Huntsman Texas Holdings LLC

Tioxide Americas Inc.

Tioxide Group 

Exchange and Registration Rights Agreement  

April 11, 2003 

	Deutsche Bank Securities Inc.

Credit Suisse First Boston LLC

CIBC World Markets Corp.

UBS Warburg LLC
	c/o	 	Deutsche Bank Securities Inc.

31 West 52nd Street

New York, NY 10017

Ladies
and Gentlemen: 

        Huntsman
International LLC, a Delaware limited liability company (the "Company"), proposes to issue and sell to the Purchasers (as defined herein) upon the terms set forth in the
Purchase Agreement (as defined herein) $150,000,000 aggregate principal amount of its 97/8% Senior Notes due 2009, which are unconditionally guaranteed by each of Eurofuels LLC,
Eurostar Industries LLC, Huntsman EA Holdings LLC, Huntsman Ethyleneamines Ltd., Huntsman International Financial LLC, Huntsman International Fuels, L.P., Huntsman Propylene Oxide Holdings LLC,
Huntsman Propylene Oxide Ltd., Huntsman Texas Holdings LLC, Tioxide Americas Inc. and Tioxide Group. 

        On
March 21, 2002, the Company issued $300,000,000 aggregate principal amount of its 97/8% Senior Notes due 2009 (the "Original Notes") under the Indenture (as
defined herein). On October 7, 2002 the Company completed an exchange offer of the Original Notes for 97/8% Senior Notes due 2009 (the "Registered Existing Notes") registered
under the Securities Act (as defined herein). The Securities (as defined herein) are being issued pursuant to Section 2.18 of the Indenture and are identical to the Registered Existing Notes
other than the issue date and except that the Securities are subject to certain transfer restrictions and are entitled to the benefit of this Exchange and Registration Rights Agreement. 

        As
an inducement to the Purchasers to enter into the Purchase Agreement and in satisfaction of a condition to the obligations of the Purchasers thereunder, the Company and the Guarantors
agree with 

 

the
Purchasers for the benefit of holders (as defined herein) from time to time of the Registrable Securities (as defined herein) as follows: 

        1.    Certain Definitions.    For purposes of this Exchange and Registration Rights Agreement, the following terms
shall have the following respective meanings: 

        "Base Interest" shall mean the interest that would otherwise accrue on the Securities under the terms thereof and the Indenture, without
giving effect to the provisions of this Exchange and Registration Rights Agreement. 

        The
term "broker-dealer" shall mean any broker or dealer registered with the Commission under the Exchange Act. 

        "Closing Date" shall mean the date on which the Securities are initially issued. 

        "Commission" shall mean the United States Securities and Exchange Commission, or any other federal agency at the time administering the
Exchange Act or the Securities Act, whichever is the relevant statute for the particular purpose. 

        "Effective Time," in the case of (i) an Exchange Registration, shall mean the time and date as of which the Commission declares the
Exchange Registration Statement effective or as of which the Exchange Registration Statement otherwise becomes effective and (ii) a Shelf Registration, shall mean the time and date as of which
the Commission declares the Shelf Registration Statement effective or as of which the Shelf Registration Statement otherwise becomes effective. 

        "Electing Holder" shall mean any holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the
Company in accordance with Section 3(d)(ii) or 3(d)(iii) hereof. 

        "Exchange Act" shall mean the Securities Exchange Act of 1934, or any successor thereto, as the same shall be amended from time to time. 

        "Exchange Offer" shall have the meaning assigned thereto in Section 2(a) hereof. 

        "Exchange Registration" shall have the meaning assigned thereto in Section 3(c) hereof. 

        "Exchange Registration Statement" shall have the meaning assigned thereto in Section 2(a) hereof. 

        "Exchange Securities" shall have the meaning assigned thereto in Section 2(a) hereof. 

        "Guarantee" shall have the meaning assigned thereto in the Indenture. 

        "Guarantor" shall have the meaning assigned thereto in the Indenture. 

        The
term "holder" shall mean each of the Purchasers and other persons who acquire Registrable Securities from time to time (including any
successors or assigns), in each case for so long as such person owns any Registrable Securities. 

        "Indenture" shall mean the Indenture, dated as of March 21, 2002, between the Company, the Guarantors and Wells Fargo Bank
Minnesota, National Association, as Trustee, as the same shall be amended from time to time relating to the Securities. 

        "Notice and Questionnaire" means a Notice of Registration Statement and Selling Securityholder Questionnaire substantially in the form of
Exhibit A hereto. 

        "Original Notes" shall have the meaning assigned thereto in the introductory paragraphs to this Exchange and Registration Rights
Agreement. 

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        The
term "person" shall mean a corporation, association, partnership, limited liability company, organization, business, individual,
government or political subdivision thereof or governmental agency. 

        "Purchase Agreement" shall mean the Purchase Agreement, dated as of April 3, 2003, among the Purchasers, the Guarantors and the
Company relating to the Securities. 

        "Purchasers" shall mean the Purchasers named in Schedule I to the Purchase Agreement. 

        "Registered Existing Notes" shall have the meaning assigned thereto in the introductory paragraphs to this Exchange and Registration
Rights Agreement. 

        "Registrable Securities" shall mean the Securities; provided, however, that a Security
shall cease to be a Registrable Security when (i) in the circumstances contemplated by Section 2(a) hereof, the Security has been exchanged for an Exchange Security in an Exchange Offer
as contemplated in Section 2(a) hereof (provided that any Exchange Security that, pursuant to the last two sentences of
Section 2(a), is included in a prospectus for use in connection with resales by broker-dealers shall be deemed to be a Registrable Security with respect to Sections 5, 6 and 9 until
resale of such Registrable Security has been effected within the 120-day period referred to in Section 2(a)); (ii) in the circumstances contemplated by
Section 2(b) hereof, a Shelf Registration Statement registering such Security under the Securities Act has been declared or becomes effective and such Security has been sold or otherwise
transferred by the holder thereof pursuant to and in a manner contemplated by such effective Shelf Registration Statement; (iii) such Security is sold pursuant to Rule 144 under
circumstances in which any legend borne by such Security relating to restrictions on transferability thereof, under the Securities Act or otherwise, is removed by the Company or pursuant to the
Indenture; (iv) such Security is eligible to be sold pursuant to paragraph (k) of Rule 144; or (v) such Security shall cease to be outstanding. 

        "Registration Default" shall have the meaning assigned thereto in Section 2(c) hereof. 

        "Registration Expenses" shall have the meaning assigned thereto in Section 4 hereof. 

        "Resale Period" shall have the meaning assigned thereto in Section 2(a) hereof. 

        "Restricted Holder" shall mean (i) a holder that is an affiliate of the Company within the meaning of Rule 405,
(ii) a holder who acquires Exchange Securities outside the ordinary course of such holder's business, (iii) a holder who has arrangements or understandings with any person to participate
in the Exchange Offer for the purpose of distributing Exchange Securities and (iv) a holder that is a broker-dealer, but only with respect to Exchange Securities received by such broker-dealer
pursuant to an Exchange Offer in exchange for Registrable Securities acquired by the broker-dealer directly from the Company. 

        "Rule 144," "Rule 405" and "Rule 415" shall mean, in each case, such rule promulgated under the Securities Act (or
any successor provision), as the same shall be amended from time to time. 

        "Securities" shall mean the 97/8% Senior Notes due 2009 of the Company to be issued and sold to the Purchasers pursuant to
the Purchase Agreement, and securities issued in exchange therefor or in lieu thereof pursuant to the Indenture (other than Exchange Securities). Each Security is entitled to the benefit of the
guarantee provided for in the Indenture (the "Guarantee") and, unless the context otherwise requires, any reference herein to a "Security," an "Exchange Security" or a "Registrable Security" shall
include a reference to the related Guarantee. 

        "Securities Act" shall mean the Securities Act of 1933, or any successor thereto, as the same shall be amended from time to time. 

        "Shelf Registration" shall have the meaning assigned thereto in Section 2(b) hereof. 

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        "Shelf Registration Statement" shall have the meaning assigned thereto in Section 2(b) hereof. 

        "Special Interest" shall have the meaning assigned thereto in Section 2(c) hereof. 

        "Trust Indenture Act" shall mean the Trust Indenture Act of 1939, or any successor thereto, and the rules, regulations and forms
promulgated thereunder, all as the same shall be amended from time to time. 

        Unless
the context otherwise requires, any reference herein to a "Section" or "clause" refers to a Section or clause, as the case may be, of this Exchange and Registration Rights
Agreement, and the words "herein," "hereof" and "hereunder" and other words of similar import refer to this Exchange and Registration Rights Agreement as a whole and not to any particular
Section or other subdivision. 

        2.    Registration Under the Securities Act.    

        (a)   Except
as set forth in Section 2(b) below, the Company agrees to use its reasonable best efforts to file under the Securities Act, as soon as practicable,
but no later than 75 days after the Closing Date, a registration statement relating to an offer to exchange (such registration statement, the "Exchange Registration Statement", and such offer,
the "Exchange Offer") any and all of the Registrable Securities for a like aggregate principal amount of debt securities issued by the Company and guaranteed by the Guarantors, which debt securities
and guarantee are substantially identical to the Securities and the related Guarantees, respectively (and are entitled to the benefits of a trust indenture which is substantially identical to the
applicable Indenture or is such Indenture and which has been qualified under the Trust Indenture Act), except that they have been registered pursuant to an effective registration statement under the
Securities Act and do not contain provisions for registration rights or the additional interest contemplated in Section 2(c) below (such new debt securities hereinafter called "Exchange
Securities"). The Company agrees to use its reasonable best efforts to cause the Exchange Registration Statement to become effective under the Securities Act as soon as practicable, but no later than
210 days following the date of filing of the Exchange Offer Registration Statement. The Exchange Offer will be registered under the Securities Act on the appropriate form and will comply with
all applicable tender offer rules and regulations under the Exchange Act. The Company further agrees to use its reasonable best efforts to commence and complete the Exchange Offer promptly, but no
later than 45 days after such registration statement has become effective, hold the Exchange Offer open for at least 30 days and exchange Exchange Securities for all Registrable
Securities that have been properly tendered and not withdrawn on or prior to the expiration of the Exchange Offer. The Exchange Offer will be deemed to have been "completed" only if the debt
securities and related guarantee received by holders other than Restricted Holders in the Exchange Offer for Registrable Securities are, upon receipt, transferable by each such holder without
restriction under the Securities Act and without material restrictions under the blue sky or securities laws of a substantial majority of the States of the United States of America, it being
understood that broker-dealers receiving Exchange Notes will be subject to certain prospectus delivery requirements with respect to resale of the Exchange Notes. The Exchange Offer shall be deemed to
have been completed upon the earlier to occur of (i) the Company having exchanged the Exchange Securities for all outstanding Registrable Securities pursuant to the Exchange Offer and
(ii) the Company having exchanged, pursuant to the Exchange Offer, Exchange Securities for all Registrable Securities that have been properly tendered and not withdrawn before the expiration of
the Exchange Offer, which shall be on a date that is at least 30 days following the commencement of the Exchange Offer. The Company agrees (x) to include in the Exchange Registration
Statement a prospectus for use in any resales by any holder of Exchange Securities that is a broker-dealer and (y) to keep such Exchange Registration Statement effective for a period (the
"Resale Period") beginning when Exchange Securities are first issued in the Exchange Offer and ending upon the earlier of the expiration of the 120th day after the Exchange Offer has been completed or
such time as such broker-dealers no longer own any Registrable Securities. With respect to such Exchange Registration Statement, such holders shall have the benefit of 

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the
rights of indemnification and contribution set forth in Sections 6(a), (c), (d) and (e) hereof. The Company will use its best efforts to effect the Exchange Offer in a manner
such that, upon consummation of the Exchange Offer, the Securities and the Registered Existing Notes will have the same CUSIP number. 

        Each
holder that participates in the Exchange Offer will be required, as a condition to its participation in the Exchange Offer, to represent to the Company in writing (which may be
contained in the applicable letter of transmittal) (i) that any Exchange Securities to be received by it will be acquired in
the ordinary course of its business, (ii) that at the time of the commencement of the Exchange Offer such holder will have no arrangement or understanding with any Person to participate in the
distribution (within the meaning of the Securities Act) of the Exchange Securities in violation of the provisions of the Securities Act, (iii) that such holder is not an affiliate of the
Company within the meaning of the Securities Act and (iv) that such holder is not acting on behalf of a Person who could not make the foregoing representations. In addition, each broker-dealer
that will receive Exchange Securities for its own account in exchange for Securities that were acquired as a result of market-making or other trading activities will be required to represent that the
Securities being tendered by such broker-dealer were acquired in ordinary trading or market-making activities. A broker-dealer that is not able to make the foregoing representation will not be
permitted to participate in the Exchange Offer. 

        (b)   If
(i) on or prior to the time the Exchange Offer is completed existing Commission interpretations are changed such that the debt securities or the related
guarantee received by holders other than Restricted Holders in the Exchange Offer for Registrable Securities are not or would not be, upon receipt, transferable by each such holder without restriction
under the Securities Act, (ii) the Exchange Offer has not been completed within 255 days following the date of filing of the Exchange Registration Statement or (iii) the Exchange
Offer is not available to any holder of the Securities by reason of U.S. law or Commission policy (other than due solely to the status of such holder as an affiliate of the Company within the meaning
of the Securities Act), the Company shall, in lieu of (or, in the case of clause (iii), in addition to) conducting the Exchange Offer contemplated by Section 2(a), file under the
Securities Act as soon as practicable, but no later than the later of 75 days after the time such obligation to file arises, a "shelf" registration statement providing for the registration of,
and the sale on a continuous or delayed basis by the holders of, all of the Registrable Securities, pursuant to Rule 415 or any similar rule that may be adopted by the Commission (such filing,
the "Shelf Registration" and such registration statement, the "Shelf Registration Statement"). The Company agrees to use its reasonable best efforts (x) to cause the Shelf Registration
Statement to become or be declared effective no later than 210 days after such Shelf Registration Statement is filed and to keep such Shelf Registration Statement continuously effective for a
period ending on the earlier of the second anniversary of the Effective Time or such time as there are no longer any Registrable Securities outstanding,  provided, however, that (I) no holder shall be entitled to be named as a selling securityholder
in the Shelf Registration Statement or to use the prospectus forming a part thereof for resales of Registrable Securities unless such holder is an Electing Holder and (II) the Company shall be
permitted to take any action that would suspend the effectiveness of a Shelf Registration Statement or result in holders covered by a Shelf Registration Statement not being able to offer and sell such
Securities if (i) such action is required by law or (ii) such action is taken by the Company in good faith and for valid business reasons involving a material undisclosed event, and
(y) after the Effective Time of the Shelf Registration Statement, within 30 days following the request of any holder of Registrable Securities that is not then an Electing Holder, to
take any action reasonably necessary to enable such holder to use the prospectus forming a part thereof for resales of Registrable Securities, including, without limitation, any action necessary to
identify such holder as a selling securityholder in the Shelf Registration Statement, provided, however, that nothing in this Clause (y) shall
relieve any such holder of the obligation to return a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(d)(iii) hereof. The Company further agrees
to supplement or make 

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amendments
to the Shelf Registration Statement, as and when required by the rules, regulations or instructions applicable to the registration form used by the Company for such Shelf Registration
Statement or by the Securities Act or rules and regulations thereunder for shelf registration, and the Company agrees to furnish to each Electing Holder copies of any such supplement or amendment
prior to its being used or promptly following its filing with the Commission. 

        (c)   In
the event that (i) the Company has not filed the Exchange Registration Statement or Shelf Registration Statement on or before the date on which such
registration statement is required to be filed pursuant to Section 2(a) or 2(b), respectively, or (ii) such Exchange Registration Statement or Shelf Registration Statement has not
become effective or been declared effective by the Commission on or before the date on which such registration statement is required to become or be declared effective pursuant to
Section 2(a) or 2(b), respectively, or (iii) the Exchange Offer has not been completed within 45 days after the initial effective date of the Exchange Registration
Statement relating to the Exchange Offer (if the Exchange Offer is then required to be made) or (iv) any Exchange Registration Statement or Shelf Registration Statement required by
Section 2(a) or 2(b) hereof is filed and declared effective but shall thereafter either be withdrawn by the Company or shall become subject to an effective stop order issued
pursuant to Section 8(d) of the Securities Act suspending the effectiveness of such registration statement (except as specifically permitted herein) without being succeeded immediately
by an additional registration statement filed and declared effective (each such event referred to in clauses (i) through (iv), a "Registration Default" and each period during which a
Registration Default has occurred and is continuing, a "Registration Default Period"), then, as liquidated damages for such Registration Default, subject to the provisions of Section 9(b),
special interest ("Special Interest"), in addition to the Base Interest, shall accrue at a per annum rate of 0.25% for the first 90 days of the Registration Default Period, at a per annum rate
of 0.50% for the second 90 days of the Registration Default Period, at a per annum rate of 0.75% for the third 90 days of the Registration Default Period and at a per annum rate of 1.0%
thereafter for the remaining portion of the Registration Default Period; provided, however, that Special Interest shall not accrue if the failure of the Company to comply with its obligations
hereunder is a result of the failure of any of the holders, underwriters, Purchasers or placement or sales agents to fulfill their respective obligations hereunder. 

        (d)   The
Company shall take, and shall cause the Guarantors to take, all actions necessary or advisable to be taken by it to ensure that the transactions contemplated herein
are effected as so contemplated, including all actions necessary or desirable to register the Guarantees under the registration statement contemplated in Section 2(a) or
2(b) hereof, as applicable. 

        (e)   Any
reference herein to a registration statement as of any time shall be deemed to include any document incorporated, or deemed to be incorporated, therein by reference
as of such time and any reference herein to any post-effective amendment to a registration statement as of any time shall be deemed to include any document incorporated, or deemed to be
incorporated, therein by reference as of such time. 

        3.    Registration Procedures.    

        If
the Company files a registration statement pursuant to Section 2(a) or Section 2(b), the following provisions shall apply: 

        (a)   At
or before the Effective Time of the Exchange Offer or the Shelf Registration, as the case may be, the Company shall qualify the Indenture under the Trust Indenture
Act. 

        (b)   In
the event that such qualification would require the appointment of a new trustee under the Indenture, the Company shall appoint a new trustee thereunder pursuant to
the applicable provisions of the Indenture. 

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        (c)   In
connection with the Company's obligations with respect to the registration of Exchange Securities as contemplated by Section 2(a) (the "Exchange
Registration"), if applicable, the Company shall, as soon as reasonably practicable (or as otherwise specified): 

        (i)    use
its reasonable best efforts to prepare and file with the Commission, as soon as practicable but no later than 75 days after the Closing Date, an Exchange
Registration Statement on any form which may be utilized by the Company and which shall permit the Exchange Offer and resales of Exchange Securities by broker-dealers during the Resale Period to be
effected as contemplated by Section 2(a), and use its best reasonable efforts to cause such Exchange Registration Statement to become effective as soon as practicable thereafter, but no later
than 210 days following the date of filing of the Exchange Registration Statement; 

        (ii)   after
the Effective Time of the Exchange Registration Statement, except as permitted hereunder, as soon as practicable prepare and file with the Commission such
amendments and supplements to such Exchange Registration Statement and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Exchange Registration
Statement for the periods and purposes contemplated in Section 2(a) hereof and as may be required by the applicable rules and regulations of the Commission and the instructions
applicable to the form of such Exchange Registration Statement, and promptly provide each broker-dealer holding Exchange Securities with such number of copies of the prospectus included therein (as
then amended or supplemented), in conformity in all material respects with the requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission
thereunder, as such broker-dealer may reasonably request prior to the expiration of the Resale Period, for use in connection with resales of Exchange Securities; 

        (iii)  after
the Effective Time of the Exchange Registration Statement and during the Resale Period promptly notify each broker-dealer that has requested copies of the
prospectus included in such registration statement, and confirm such advice in writing, (A) with respect to such Exchange Registration Statement or any post-effective amendment,
when the same has become effective, (B) of the issuance by the Commission of any stop order suspending the effectiveness of such Exchange Registration Statement or the initiation or threatening
of any proceedings for that purpose, (C) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Exchange Securities for sale in any
jurisdiction or the initiation or threatening of any proceeding for such purpose, or (D) at any time during the Resale Period when a prospectus is required to be delivered under the Securities
Act, that such Exchange Registration Statement, prospectus, prospectus amendment or supplement or post-effective amendment does not conform in all material respects to the applicable
requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder or contains an untrue statement of a material fact or omits to state any
material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, which such notice, in the
case of clauses (B), (C) and (D) shall required any broker-dealer to suspend the use of such prospectus until further notice; 

        (iv)  in
the event that the Company would be required, pursuant to Section 3(e)(iii)(D) above, to notify any broker-dealers holding Exchange Securities, prepare and
furnish to each such holder a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter delivered to purchasers of such Exchange Securities during the Resale Period,
such prospectus shall conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder and
shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not 

7

 

misleading
in light of the circumstances then existing; provided, however, the Company shall not be required to amend or supplement such prospectus if (i) not permitted by law or
(ii) the Company in good faith and for valid business reasons and such misstatement or omission involves a material undisclosed event; 

        (v)   use
its best efforts to obtain the withdrawal of any order suspending the effectiveness of such Exchange Registration Statement or any post-effective
amendment thereto at the earliest practicable date unless the Company in good faith and for valid business reasons determines that to do so would involve disclosing a material undisclosed event; 

        (vi)  use
its best efforts to (A) register or qualify the Exchange Securities under the securities laws or blue sky laws of such jurisdictions as are contemplated by
Section 2(a) no later than the commencement of the Exchange Offer, (B) keep such registrations or qualifications in effect and comply with such laws so as to permit the
continuance of offers, sales and dealings therein in such jurisdictions until the expiration of the Resale Period and (C) take any and all other actions as may be reasonably necessary or
advisable to enable each broker-dealer holding Exchange Securities to consummate the disposition thereof in such jurisdictions; provided, however, that
neither the Company nor the Guarantors shall be required for any such purpose to (1) qualify as a foreign corporation in any jurisdiction wherein it would not otherwise be required to qualify
but for the requirements of this Section 3(c)(vi), (2) consent to general service of process or taxation in any such jurisdiction or (3) make any changes to its incorporating
documents or limited liability agreement or any other agreement between it and its stockholders or members; 

        (vii) provide
an ISIN and a CUSIP number for all Exchange Securities, not later than the applicable Effective Time; 

        (viii)   comply
with all applicable rules and regulations of the Commission, and make generally available to its securityholders as soon as practicable but no
later than 18 months after the effective date of such
Exchange Registration Statement, an earning statement of the Company and its subsidiaries complying with Section 11(a) of the Securities Act (including, at the option of the Company,
Rule 158 thereunder). 

        (d)   In
connection with the Company's obligations with respect to the Shelf Registration, if applicable, the Company shall, as soon as reasonably practicable (or as otherwise
specified): 

        (i)    prepare
and file with the Commission, as soon as reasonably practicable but in any case within the time periods specified in Section 2(b), a Shelf Registration
Statement on any form which may be utilized by the Company and which shall register all of the Registrable Securities for resale by the holders thereof in accordance with such method or methods of
disposition as may be specified by such of the holders as, from time to time, may be Electing Holders and use its best efforts to cause such Shelf Registration Statement to become effective as soon as
reasonably practicable but in any case within the time periods specified in Section 2(b); 

        (ii)   prior
to the Effective Time of the Shelf Registration Statement, mail the Notice and Questionnaire to the holders of Registrable Securities; no holder shall be entitled
to be named as a selling securityholder in the Shelf Registration Statement as of the Effective Time, and no holder shall be entitled to use the prospectus forming a part thereof for resales of
Registrable Securities at any time, unless such holder has returned a completed and signed Notice and Questionnaire to the Company by the deadline for response set forth therein;  provided, however,
holders of Registrable Securities shall have at least 28 calendar days from the date on which the Notice and Questionnaire is
first mailed to such holders to return a completed and signed Notice and Questionnaire to the Company; 

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        (iii)  after
the Effective Time of the Shelf Registration Statement, upon the request of any holder of Registrable Securities that is not then an Electing Holder, promptly
send a Notice and Questionnaire to such holder; provided that the Company shall not be required to take any action to name such holder as a selling
securityholder in the Shelf Registration Statement or to enable such holder to use the prospectus forming a part thereof for resales of Registrable Securities until such holder has returned a
completed and signed Notice and Questionnaire to the Company; 

        (iv)  after
the Effective Time of the Shelf Registration Statement, except as permitted hereunder, as soon as reasonably practicable prepare and file with the Commission such
amendments and supplements to such Shelf Registration Statement and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Shelf Registration Statement
for the period specified in Section 2(b) hereof and as may be required by the applicable rules and regulations of the Commission and the instructions applicable to the form of such Shelf
Registration Statement, and furnish to the Electing Holders copies of any such supplement or amendment simultaneously with or prior to its being used or filed with the Commission; 

        (v)   comply
with the provisions of the Securities Act with respect to the disposition of all of the Registrable Securities covered by such Shelf Registration Statement in
accordance with the intended methods of disposition by the Electing Holders provided for in such Shelf Registration Statement; 

        (vi)  provide
(A) the Electing Holders, (B) the underwriters (which term, for purposes of this Exchange and Registration Rights Agreement, shall include a
person deemed to be an underwriter within the meaning of Section 2(a)(11) of the Securities Act), if any, thereof, (C) any sales or placement agent, if any, therefor, (D) counsel
for any such underwriter or agent and (E) not more than one counsel for all the Electing Holders a copy of such Shelf Registration Statement, each prospectus included therein or filed with the
Commission and each amendment or supplement thereto; 

        (vii) for
a reasonable period prior to the filing of such Shelf Registration Statement, and throughout the period specified in Section 2(b), make available at
reasonable times at the Company's principal place of business or such other reasonable place for inspection by the persons referred to in Section 3(d)(vi) who shall certify to the
Company that they have a current intention to sell the Registrable Securities pursuant to the Shelf Registration such financial and other information and books and records of the Company, and cause
the officers, employees, counsel and independent certified public accountants of the Company to respond to such inquiries, as shall be reasonably necessary, in the reasonable judgment of the
respective counsel referred to in such Section, to conduct a reasonable investigation within the meaning of Section 11 of the Securities Act; provided,
however, that each such party shall be required to maintain in confidence and not to disclose to any other person any information or records reasonably designated by the
Company as being confidential, until such time as (A) such information becomes a matter of public record (whether by virtue of its inclusion in such registration statement or otherwise), or
(B) such person shall be required so to disclose such information pursuant to a subpoena or order of any court or other governmental agency or body having jurisdiction over the matter (subject
to the requirements of such order, and only after such person shall have given the Company prompt prior written notice of such requirement), or (C) such information is set forth in such Shelf
Registration Statement or the prospectus included therein or in an amendment to such Shelf Registration Statement or an amendment or supplement to such prospectus in order that such Shelf Registration
Statement, prospectus, amendment or supplement, as the case may be, complies with applicable requirements of the federal securities laws and the rules and regulations of the Commission 

9

 

and
does not contain an untrue statement of a material fact or omit to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in light
of the circumstances then existing; 

        (viii)   promptly
notify each of the Electing Holders, any sales or placement agent therefor and any underwriter thereof (which notification may be made through
any managing underwriter that is a representative of such underwriter for such purpose) and confirm such advice in writing, (A) with respect to such Shelf Registration Statement or any
post-effective amendment, when the same has become effective, (B) of the issuance by the Commission of any stop order suspending the effectiveness of such Shelf Registration
Statement or the initiation or threatening of any proceedings for that purpose, (C) of the receipt by the Company of any notification with respect to the suspension
of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, or (D) if at any time when a prospectus is
required to be delivered under the Securities Act, that such Shelf Registration Statement, prospectus, prospectus amendment or supplement or post-effective amendment does not conform in
all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder or contains an untrue statement of a
material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, which such
notice, in the case of clauses (B), (C) and (D) shall require the suspension of the use of such prospectus until further notice; 

        (ix)  use
its best efforts to obtain the withdrawal of any order suspending the effectiveness of such registration statement or any post-effective amendment
thereto at the earliest practicable date unless the Company in good faith and for valid business reasons determines that to do so would involve disclosing a material undisclosed event; 

        (x)   if
reasonably requested by any managing underwriter or underwriters, any placement or sales agent or any Electing Holder, promptly incorporate in a prospectus supplement
or post-effective amendment such information as is required by the applicable rules and regulations of the Commission and as such managing underwriter or underwriters, such agent or such
Electing Holder specifies should be included therein relating to the terms of the sale of such Registrable Securities, including information with respect to the principal amount of Registrable
Securities being sold by such Electing Holder or agent or to any underwriters, the name and description of such Electing Holder, agent or underwriter, the offering price of such Registrable Securities
and any discount, commission or other compensation payable in respect thereof, the purchase price being paid therefor by such underwriters and with respect to any other terms of the offering of the
Registrable Securities to be sold by such Electing Holder or agent or to such underwriters; and make all required filings of such prospectus supplement or post-effective amendment promptly
after notification of the matters to be incorporated in such prospectus supplement or post-effective amendment; 

        (xi)  furnish
to each Electing Holder, each placement or sales agent, if any, therefor, each underwriter, if any, thereof and the respective counsel referred to in
Section 3(d)(vi) a conformed copy of such Shelf Registration Statement, each such amendment and supplement thereto (in each case including, upon request, all exhibits thereto and
documents incorporated by reference therein) and such number of copies of the prospectus included in such Shelf Registration Statement (including each preliminary prospectus and any summary
prospectus), in conformity in all material respects with the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder, and
such other documents, as such Electing Holder, agent, if any, and underwriter, if any, may reasonably request that may be required in connection with the offering and disposition of the 

10

 

Registrable
Securities owned by such Electing Holder, offered or sold by such agent or underwritten by such underwriter and to permit such Electing Holder, agent and underwriter to satisfy the
prospectus delivery requirements of the Securities Act; and the Company hereby consents to the use of the prospectus contained in the Exchange Registration Statement at the Effective Time thereof and
any amendment or supplement thereto by each such Electing Holder and by any such agent and underwriter, in each case in the form most recently provided to such person by the Company, in connection
with the offering and sale of the Registrable Securities covered by such prospectus or any such supplement or amendment thereto; 

        (xii) use
reasonable best efforts to (A) register or qualify the Registrable Securities to be included in such Shelf Registration Statement under such securities laws
or blue sky laws of such jurisdictions as any Electing Holder and each placement or sales agent, if any, therefor and underwriter, if any, thereof shall reasonably request, (B) keep such
registrations or qualifications in effect and comply with such laws so as to permit the continuance of offers, sales and dealings therein in such jurisdictions during the period the Shelf Registration
is required to remain effective under Section 2(b) above and for so long as may be necessary to enable any such Electing Holder, agent or underwriter to complete its distribution of Securities
pursuant to such Shelf Registration Statement and (C) take any and all other actions as may be reasonably necessary or advisable to enable each such Electing Holder, agent, if any, and
underwriter, if any, to consummate the disposition in such jurisdictions of such Registrable Securities; provided, however, that neither the Company nor
the Guarantors shall be required for any such purpose to (1) qualify as a foreign corporation in any jurisdiction wherein it would not otherwise be required to qualify but for the requirements
of this Section 3(d)(xii), (2) consent to general service of process or taxation in any such jurisdiction or (3) make any changes to its incorporating documents or limited
liability agreement or any other agreement between it and its stockholders or members; 

        (xiii)   unless
any Registrable Securities shall be in book-entry only form, cooperate with the Electing Holders and the managing underwriters, if
any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates, if so required by any securities exchange upon which any
Registrable Securities are listed, shall be penned, lithographed or engraved, or produced by any combination of such methods, on steel engraved borders, and which certificates shall not bear any
restrictive legends; and, in the case of an underwritten offering, enable such Registrable Securities to be in such denominations and registered in such names as the managing underwriters may request
at least two business days prior to any sale of the Registrable Securities; 

        (xiv)   enter
into one or more underwriting agreements, engagement letters, agency agreements, "best efforts" underwriting agreements or similar agreements, as
appropriate, including customary provisions relating to indemnification and contribution (such indemnification and contribution obligations of the Company to be no more extensive than those contained
in the Purchase Agreement), and take such other actions in connection therewith as any Electing Holders aggregating at least 20% in aggregate principal amount of the Registrable Securities at the time
outstanding shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities; 

        (xv) whether
or not an agreement of the type referred to in Section 3(d)(xvi) hereof is entered into and whether or not any portion of the offering
contemplated by the Shelf Registration is an underwritten offering or is made through a placement or sales agent or any other entity, (A) make such representations and warranties to the
Electing Holders and the placement or sales agent, if any, therefor and the underwriters, if any, thereof in form, substance and scope as are customarily made in connection with an offering of debt
securities 

11

 

pursuant
to any appropriate agreement or to a registration statement filed on the form applicable to the Shelf Registration; (B) obtain an opinion of counsel to the Company in customary form
and covering such matters, of the type customarily covered by such an opinion, as the managing underwriters, if any, or as any Electing Holders of at least 20% in aggregate principal amount of the
Registrable Securities at the time outstanding may reasonably request, addressed to such Electing Holder or Electing Holders and the placement or sales agent, if any, therefor and the underwriters, if
any, thereof and dated the effective date of such Shelf Registration Statement (or if such Shelf Registration Statement contemplates an underwritten offering of a part or all of the Registrable
Securities, dated the date of the closing under the underwriting agreement relating thereto) (it being agreed that the matters to be covered by such opinion shall include the due incorporation and
good standing of the Company and the Guarantors; the qualification of the Company and the Guarantors to transact business as foreign corporations; the due authorization, execution and delivery of the
relevant agreement, if any, of the type referred to in Section 3(d)(xvi) hereof; the due authorization, execution, authentication and issuance, and the validity and enforceability, of
the Securities; the absence of governmental approvals required to be obtained in connection with the Shelf Registration, the offering and sale of the Registrable Securities, this Exchange and
Registration Rights Agreement or any agreement of the type referred to in Section 3(d)(xvi) hereof, except such approvals as may have been obtained or may be required under state
securities or blue sky laws; the material compliance as to form of such Shelf Registration Statement and any documents incorporated by reference therein and of the Indenture with the requirements of
the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder, respectively; and, if addressed to any underwriters, as of the date of the opinion and of the
Shelf Registration Statement or most recent post-effective amendment thereto, as the case may be, the absence from such Shelf Registration Statement and the prospectus included therein, as
then amended or supplemented, and from the documents incorporated by reference therein (in each case other than the financial statements and other financial or accounting information contained
therein) of an untrue statement of a material fact or the omission to state therein a material fact necessary to make the statements therein not misleading (in the case of such documents, in the light
of the circumstances existing at the time that such documents were filed with the Commission under the Exchange Act)); (C) obtain a "cold comfort" letter or letters from the independent
certified public accountants of the Company addressed to the selling Electing Holders, the placement or sales agent, if any, therefor or the underwriters, if any, thereof, dated (i) the
effective date of such Shelf Registration Statement and (ii) the effective date of any prospectus supplement to the prospectus included in such Shelf Registration Statement or
post-effective amendment to such Shelf Registration Statement which includes unaudited or audited financial statements as of a date or for a period subsequent to that of the latest such
statements included in such prospectus (and, if such Shelf Registration Statement contemplates an underwritten offering pursuant to any prospectus supplement to the prospectus included in such Shelf
Registration Statement or post-effective amendment to such Shelf Registration Statement which includes unaudited or audited financial statements as of a date or for a period subsequent to
that of the latest such statements included in such prospectus, dated the date of the closing under the underwriting agreement relating thereto), such letter or letters to be in customary form and
covering such matters of the type customarily covered by letters of such type; and (D) deliver such documents and certificates, including officers' certificates, as may be reasonably requested
by any
Electing Holders of at least 20% in aggregate principal amount of the Registrable Securities at the time outstanding or the placement or sales agent, if any, therefor and the managing underwriters, if
any, thereof to evidence the accuracy of the representations and warranties made pursuant to clause (A) above or those contained in Section 5(a) hereof and the compliance
with or 

12

 

satisfaction
of any agreements or conditions contained in the underwriting agreement or other agreement entered into by the Company or the Guarantors; 

        (xvi)   notify
in writing each holder of Registrable Securities of any proposal by the Company to amend or waive any provision of this Exchange and Registration
Rights Agreement in any material respect pursuant to Section 9(h) hereof and of any such amendment or waiver effected pursuant thereto, each of which notices shall contain the text of the
amendment or waiver proposed or effected, as the case may be; 

        (xvii)   in
the event that any broker-dealer registered under the Exchange Act shall underwrite any Registrable Securities or participate as a member of an
underwriting syndicate or selling group or "assist in the distribution" (within the meaning of the Conduct Rules (the "Conduct Rules") of the National Association of Securities
Dealers, Inc. ("NASD") or any successor thereto, as amended from time to time) thereof, whether as a holder of such Registrable Securities or as an underwriter, a placement or sales agent or a
broker or dealer in respect thereof, or otherwise, cooperate with such broker-dealer in connection with any filings required to be made by the NASD; 

        (xviii)   comply
with all applicable rules and regulations of the Commission, and make generally available to its securityholders as soon as practicable but in
any event not later than 18 months after the effective date of such Shelf Registration Statement, an earning statement of the Company and its subsidiaries complying with
Section 11(a) of the Securities Act (including, at the option of the Company, Rule 158 thereunder). 

        (e)   In
the event that the Company would be required, pursuant to Section 3(d)(viii)(D) above, to notify the Electing Holders, the placement or sales agent, if any,
therefor and the managing underwriters, if any, thereof, the Company shall as soon as reasonably practicable prepare and furnish to each of the Electing Holders, to each placement or sales agent, if
any, and to each such underwriter, if any, a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter delivered to purchasers of Registrable Securities, such
prospectus shall conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder and shall
not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the
circumstances then existing; provided, however, the Company shall not be required to amend or supplement such prospectus if (i) not permitted by law or (ii) the Company in good faith and
for valid business reasons and such misstatement or omission involves a material undisclosed event. Each Electing Holder agrees that upon receipt of any notice from the Company pursuant to
Section 3(d)(viii)(D) hereof, such Electing Holder shall forthwith discontinue the disposition
of Registrable Securities pursuant to the Shelf Registration Statement applicable to such Registrable Securities until such Electing Holder shall have received copies of such amended or supplemented
prospectus, and if so directed by the Company, such Electing Holder shall deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such Electing Holder's
possession of the prospectus covering such Registrable Securities at the time of receipt of such notice. 

        (f)    In
the event of a Shelf Registration, in addition to the information required to be provided by each Electing Holder in its Notice and Questionnaire, the Company may
require such Electing Holder to furnish to the Company such additional information regarding such Electing Holder and such Electing Holder's intended method of distribution of Registrable Securities
as may be required in order to comply with the Securities Act. Each such Electing Holder agrees to (i) notify the Company as promptly as practicable of (A) any inaccuracy or change in
information previously furnished by such Electing Holder to the Company or (B) of the occurrence of any 

13

 

event
in either case as a result of which any prospectus relating to such Shelf Registration contains or would contain an untrue statement of a material fact regarding such Electing Holder or such
Electing Holder's intended method of disposition of such Registrable Securities or omits to state any material fact regarding such Electing Holder or such Electing Holder's intended method of
disposition of such Registrable Securities required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, and
(ii) promptly to furnish to the Company any additional information required to correct and update any previously furnished required information or so that such prospectus shall not contain,
with respect to such Electing Holder or the disposition of such Registrable Securities, an untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the circumstances then existing. 

        (g)   Until
the expiration of two years after the Closing Date, the Company will not, and will not permit any of its "affiliates" (as defined in Rule 144) to,
resell any of the Securities that have been reacquired by any of them except pursuant to an effective registration statement under the Securities Act. 

        4.    Registration Expenses.    

        The
Company agrees to bear and to pay or cause to be paid promptly all expenses incident to the Company's performance of or compliance with this Exchange and Registration Rights
Agreement, including (a) all Commission and any NASD registration, filing and review fees and expenses, (b) all fees and expenses in connection with the qualification of the Securities
for offering and sale under the State securities and blue sky laws referred to in Section 3(d)(xii) hereof under the laws of such jurisdictions as any managing underwriters or the
Electing Holders may designate, including any fees and disbursements of counsel for the Electing Holders or underwriters in connection with such qualification, (c) all expenses relating to the
preparation, printing, production, distribution and reproduction of each registration statement required to be filed hereunder, each prospectus included therein or prepared for distribution pursuant
hereto, each amendment or supplement to the foregoing,
and the expenses of preparing the Securities for delivery, (d) messenger, telephone and delivery expenses relating to the preparation of documents referred in clause (c) above,
(e) fees and expenses of the Trustee under the Indenture, (f) internal expenses (including all salaries and expenses of the Company's officers and employees performing legal or
accounting duties), (g) fees, disbursements and expenses of counsel and independent certified public accountants of the Company (including the expenses of any opinions or "cold comfort" letters
required by or incident to such performance and compliance), (h) reasonable fees, disbursements and expenses of one counsel for the Electing Holders retained in connection with a Shelf
Registration, as selected by the Electing Holders of at least a majority in aggregate principal amount of the Registrable Securities held by Electing Holders (which counsel shall be reasonably
satisfactory to the Company), (j) any fees charged by securities rating services for rating the Securities, and (k) fees, expenses and disbursements of any other persons, including
special experts, retained by the Company in connection with such registration (collectively, the "Registration Expenses"). To the extent that any Registration Expenses are incurred, assumed or paid by
any holder of Registrable Securities or any placement or sales agent therefor or underwriter thereof, the Company shall reimburse such person for the full amount of the reasonable Registration
Expenses so incurred, assumed or paid promptly after receipt of a request therefor. Notwithstanding the foregoing, the holders of the Registrable Securities being registered shall pay all agency fees
and commissions and underwriting discounts and commissions attributable to the sale of such Registrable Securities and the fees and disbursements of any counsel or other advisors or experts retained
by such holders (severally or jointly), other than the counsel and experts specifically referred to above. 

14

   
        5.    Representations and Warranties.    

        The
Company and the Guarantors represent and warrant to, and agree with, each Purchaser and each of the holders from time to time of Registrable Securities that: 

        (a)   Each
registration statement covering Registrable Securities and each prospectus (including any preliminary or summary prospectus) contained therein or furnished pursuant
to Section 3(d) or Section 3(c) hereof and any further amendments or supplements to any such registration statement or prospectus, when it becomes effective or is filed
with the Commission, as the case may be, will conform in all material respects to the requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission
thereunder and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; and at
all times subsequent to the Effective Time when a prospectus would be required to be delivered under the Securities Act, other than from (i) such time as a notice has been given to holders of
Registrable Securities pursuant to Section 3(d)(viii)(D) or Section 3(c)(iii)(D) hereof until (ii) such time as the Company furnishes an amended or supplemented prospectus
pursuant to Section 3(e) or Section 3(c)(iv) hereof, each such registration statement, and each prospectus (including any summary prospectus) contained therein or furnished
pursuant to Section 3(d) or Section 3(c) hereof, as then amended or supplemented, will not contain an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing; provided, however, that this representation and warranty shall
not apply to any statements or omissions made in reliance upon and in conformity with information furnished in writing to the Company by a holder of Registrable Securities, a placement or sales agent
or an underwriter expressly for use therein. 

        (b)   Any
documents incorporated by reference in any prospectus referred to in Section 5(a) hereof, when they become or became effective or are or were filed
with the Commission, as the case may be, will conform or conformed in all material respects to the requirements of the Securities Act or the Exchange Act, as applicable, and, as of such effective or
filing date, none of such documents will contain or contained an untrue statement of a material fact or will omit or omitted to state a material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, that this representation and warranty shall not apply to any statements or omissions made in
reliance upon and in conformity with information furnished in writing to the Company by a holder of Registrable Securities, a placement or sales agent or an underwriter expressly for use therein. 

        (c)   The
compliance by the Company with all of the provisions of this Exchange and Registration Rights Agreement and the consummation of the transactions herein contemplated
will not conflict with or result in a breach of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement or other agreement or
instrument to which the Company or any subsidiary of the Company is a party or by which the Company or any subsidiary of the Company is bound or to which any of the property or assets of the Company
or any subsidiary of the Company is subject, except for such conflict, breach or default which (x) would not have a material adverse effect on the business, condition (financial or otherwise)
or results of operations of the Company and its subsidiaries, taken as a whole (any such event, a "Material Adverse Effect") or (y) have been waived nor will such action result in any violation
of the provisions of the certificate of incorporation, as amended, or the by-laws of the Company or the Guarantors or violate any statute or any order, rule or regulation of any court or
governmental agency or body having jurisdiction over the Company or any subsidiary of the Company or any of their properties except for such violation which would not have a Material Adverse Effect;
and no consent, approval, authorization, order, registration or qualification of or with any such court or 

15

 

governmental
agency or body is required for the consummation by the Company and the Guarantors of the transactions contemplated by this Exchange and Registration Rights Agreement, except the
registration under the Securities Act of the Securities, qualification of the Indenture under the Trust Indenture Act and such consents, approvals, authorizations, registrations or qualifications as
may be required under state securities or blue sky laws in connection with the offering and distribution of the Securities. 

        (d)   This
Exchange and Registration Rights Agreement has been duly authorized, executed and delivered by the Company. 

        6.    Indemnification.    

        (a)    Indemnification by the Company and the Guarantors.    The Company and the Guarantors, jointly and severally,
will indemnify and hold harmless each broker dealer selling Exchange Securities during the Resale Period, and each of the Electing Holders of Registrable Securities included in a Shelf Registration
Statement against any losses, claims, damages or liabilities, joint or several, to which such holder may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages
or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in any Exchange Registration Statement or
Shelf Registration Statement, as the case may be, under which such Registrable Securities were registered under the Securities Act, or any preliminary, final or summary prospectus contained therein or
furnished by the Company to any such holder, or any amendment or supplement thereto, or arise out of or are based upon 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 will reimburse such holder for any legal or other expenses reasonably incurred by them in connection with investigating
or defending any such action or claim as such expenses are incurred; provided, however, that (i) neither the Company nor any Guarantor shall be
liable to any such person in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged
untrue statement or omission or alleged omission made in such registration statement, or preliminary, final or summary prospectus, or amendment or supplement thereto, in reliance upon and in
conformity with written information furnished to the Company by any holder, placement or sales agent or underwriter expressly for use therein and (ii) such indemnity with respect to any
preliminary prospectus shall not inure to the benefit of any holder, placement agent or underwriter (or any person controlling such person) to the extent that any loss, claim, damage or liability of
such person results from the fact that such person sold Securities to a person as to whom it shall be established that there was not sent or given, a copy of the final prospectus (or the final
prospectus as amended or supplemented) at or prior to the confirmation of the sale of such Securities to such person if (x) the Company has previously furnished copies thereof in sufficient
quantity to such indemnified person and the loss, claim, damage or liability of such indemnified person results from an untrue statement or omission of a material fact contained in such preliminary
prospectus which was identified at such time to such indemnified person and corrected in the final prospectus (or the final prospectus as amended or supplemented) and (y) such loss, liability,
claim, damage or expense would have been eliminated by the delivery of such corrected final prospectus or the final prospectus as then amended or supplemented. 

        (b)    Indemnification by the Holders and any Agents and Underwriters.    The Company may require, as a condition to
including any Registrable Securities in any registration statement filed pursuant to Section 2(b) hereof or to entering into any underwriting agreement with respect thereto, that the Company
shall have received an undertaking reasonably satisfactory to it from the Electing Holder of such Registrable Securities and from each underwriter named in any such underwriting agreement, severally
and not jointly, to (i) indemnify and hold harmless the Company, the Guarantors, and all other holders of Registrable Securities, against any
losses, claims, damages or liabilities to which the Company, the Guarantors or such other holders of Registrable Securities may become subject, under
the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in 

16

 

respect
thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in such registration statement, or any preliminary, final or summary
prospectus contained therein or furnished by the Company to any such Electing Holder, agent or underwriter, or any amendment or supplement thereto, or arise out of or are based upon 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, in each case to the extent, but only to the extent, that
such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to the Company by such Electing Holder
or underwriter expressly for use therein, and (ii) reimburse the Company and the Guarantors for any legal or other expenses reasonably incurred by the Company and the Guarantors in connection
with investigating or defending any such action or claim as such expenses are incurred; provided, however, that no such Electing Holder shall be
required to undertake liability to any person under this Section 6(b) for any amounts in excess of the euro amount of the proceeds to be received by such Electing Holder from the sale of
such Electing Holder's Registrable Securities pursuant to such registration. 

        (c)    Notices of Claims, Etc.    Promptly after receipt by an indemnified party under subsection (a) or
(b) above of written notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against an indemnifying party pursuant to the
indemnification provisions of or contemplated by this Section 6, notify such indemnifying party in writing of the commencement of such
action; but the omission so to notify the indemnifying party shall not relieve it from any liability which it may have to any indemnified party otherwise than under the indemnification provisions of
or contemplated by Section 6(a) or 6(b) hereof. In case any such action shall be brought against any indemnified party and it shall notify an indemnifying party of the commencement
thereof, such indemnifying party shall be entitled to participate therein and, to the extent that it shall wish, jointly with any other indemnifying party similarly notified, to assume the defense
thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and, after notice from
the indemnifying party to such indemnified party of its election so to assume the defense thereof, such indemnifying party shall not be liable to such indemnified party for any legal expenses of other
counsel or any other expenses, in each case subsequently incurred by such indemnified party, in connection with the defense thereof other than reasonable costs of investigation. In no event shall the
indemnifying parties be liable for fees and expenses of more than one counsel (in addition to any local counsel) separate from their own counsel for all indemnified parties in connection with any one
action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances. No indemnifying party shall, without the written consent of the
indemnified party, effect the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or
contribution may be sought hereunder (whether or not the indemnified party is an actual or potential party to such action or claim) unless such settlement, compromise or judgment (i) includes
an unconditional release of the indemnified party from all liability arising out of such action or claim and (ii) does not include a statement as to or an admission of fault, culpability or a
failure to act by or on behalf of any indemnified party. No indemnifying party shall be liable under this Section 6(c) for any settlement of any claim or action effected without its
consent, which consent shall not be unreasonably withheld. 

        (d)    Contribution.    If for any reason the indemnification provisions contemplated by Section 6(a) or
Section 6(b) are unavailable to or insufficient to hold harmless an indemnified party in respect of any losses, claims, damages or liabilities (or actions in respect thereof) referred to
therein, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect
thereof) in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified 

17

 

party
in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities (or actions in respect thereof), as well as any other relevant equitable
considerations. The relative fault of such indemnifying party and indemnified party shall be determined by reference to, among other things, 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 such indemnifying party or by such indemnified party, and the parties' relative intent,
knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be just and equitable if contributions pursuant to this
Section 6(d) were determined by pro rata allocation (even if the holders or any agents or underwriters or all of them were treated as one entity for such purpose) or by any other method
of allocation which does not take account of the equitable considerations referred to in this Section 6(d). The amount paid or payable by an indemnified party as a result of the losses, claims,
damages, or liabilities (or actions in respect thereof) referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred by such indemnified party in connection
with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 6(d), no holder shall be required to contribute any amount in excess of the amount by
which the euro amount of the proceeds received by such holder from the sale of any Registrable Securities (after deducting any fees, discounts and commissions applicable thereto) exceeds the amount of
any damages which such holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission, and no underwriter shall be required to
contribute any amount in excess of the amount by which the total price at which the Registrable Securities underwritten by it and distributed to the public were offered to the public exceeds the
amount of any damages which such underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.
The holders' and any underwriters' obligations in this Section 6(d) to contribute shall be several in proportion to the principal amount of Registrable Securities registered or underwritten, as
the case may be, by them and not joint. 

        (e)   The
obligations of the Company and the Guarantors under this Section 6 shall be in addition to any liability which the Company or the Guarantors may otherwise
have and shall extend, upon the same terms and conditions, to each officer, director and partner of each holder, agent and underwriter and each person, if any, who controls any holder, agent or
underwriter within the meaning of the Securities Act; and the obligations of the holders and any agents or underwriters contemplated by this Section 6 shall be in addition to any liability
which the respective holder, agent or underwriter may otherwise have and shall extend, upon the same terms and conditions, to each officer and director of the Company or the Guarantors and to each
person, if any, who controls the Company or a Guarantor within the meaning of the Securities Act. 

        7.    Underwritten Offerings.    

        (a)    Selection of Underwriters.    If any of the Registrable Securities covered by the Shelf Registration are to be
sold pursuant to an underwritten offering, the managing underwriter or underwriters thereof shall be designated by Electing Holders holding at least a majority in aggregate principal amount of the
Registrable Securities to be included in such offering, provided that such designated managing underwriter or underwriters is or are reasonably acceptable to the Company. 

        (b)    Participation by Holders.    Each holder of Registrable Securities hereby agrees with each other such holder
that no such holder may participate in any underwritten offering hereunder unless such holder (i) agrees to sell such holder's Registrable Securities on the basis provided in any underwriting
arrangements approved by the persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements
and other documents reasonably required under the terms of such underwriting arrangements. 

18

 

        8.    Rule 144.    

        The
Company covenants to the holders of Registrable Securities that to the extent it shall be required to do so under the Exchange Act, the Company shall timely file the reports required
to be filed by it under the Exchange Act or the Securities Act (including the reports under Section 13 and 15(d) of the Exchange Act referred to in subparagraph (c)(1) of
Rule 144 adopted by the Commission under the Securities Act) and the rules and regulations adopted by the Commission thereunder, and shall take such further action as any holder of Registrable
Securities may reasonably request, all to the extent required from time to time to enable such holder to sell Registrable Securities without registration under the Securities Act within the
limitations of the exemption provided by Rule 144 under the Securities Act, as such Rule may be amended from time to time, or any similar or successor rule or regulation hereafter
adopted by the Commission. Upon the request of any holder of Registrable Securities in connection with that holder's sale pursuant to Rule 144, the Company shall deliver to such holder a
written statement as to whether it has complied with such requirements. 

        9.    Miscellaneous.    

        (a)    No Inconsistent Agreements.    The Company represents, warrants, covenants and agrees that it has not granted,
and shall not grant, registration rights with respect to Registrable Securities or any other securities which would be inconsistent with the terms contained in this Exchange and Registration Rights
Agreement. 

        (b)    Specific Performance.    The parties hereto acknowledge that there would be no adequate remedy at law if the
Company fails to perform any of its obligations hereunder and that the Purchasers and the holders from time to time of the Registrable Securities may be irreparably harmed by any such failure, and
accordingly agree that the Purchasers and such holders, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to compel specific performance of the
obligations of the Company under this Exchange and Registration Rights Agreement in accordance with the terms and conditions of this Exchange and Registration Rights Agreement, in any court of the
United States or any State thereof having jurisdiction. 

        (c)    Notices.    All notices, requests, claims, demands, waivers and other communications hereunder shall be in
writing and shall be deemed to have been duly given when delivered by hand, if delivered personally or by courier, or three days after being deposited in the mail (registered or certified mail,
postage prepaid, return receipt requested) as follows: If to the Company, to it at 500 Huntsman Way, Salt Lake City, Utah 84108, and if to a holder, to the address of such holder set forth in the
security register or other records of the Company, or to such other address as the Company or any such holder may have furnished to the other in writing in accordance herewith, except that notices of
change of address shall be effective only upon receipt. 

        (d)    Parties in Interest.    All the terms and provisions of this Exchange and Registration Rights Agreement shall
be binding upon, shall inure to the benefit of and shall be enforceable by the parties hereto and the holders from time to time of the Registrable Securities and the respective successors and assigns
of the parties hereto and such holders. In the event that any transferee of any holder of Registrable Securities shall acquire Registrable Securities, in any manner, whether by gift, bequest,
purchase, operation of law or otherwise, such transferee shall, without any further writing or action of any kind, be deemed a beneficiary hereof for all purposes and such Registrable Securities shall
be held subject to all of the terms of this Exchange and Registration Rights Agreement, and by taking and holding such Registrable Securities such transferee shall be entitled to receive the benefits
of, and be conclusively deemed to have agreed to be bound by all of the applicable terms and provisions of this Exchange and Registration Rights Agreement. If the Company shall so request, any such
successor, assign or transferee shall agree in writing to acquire and hold the Registrable Securities subject to all of the applicable terms hereof. 

19

 

        (e)    Survival.    The respective indemnities, agreements, representations, warranties and each other provision set
forth in this Exchange and Registration Rights Agreement or made pursuant hereto shall remain in full force and effect regardless of any investigation (or statement as to the results thereof) made by
or on behalf of any holder of Registrable Securities, any director, officer or partner of such holder, any agent or underwriter or any director, officer or partner thereof, or any controlling person
of any of the foregoing, and shall survive delivery of and payment for the Registrable Securities pursuant to the Purchase Agreement and the transfer and registration of Registrable Securities by such
holder and the consummation of an Exchange Offer. 

        (f)    Governing Law.    This Exchange and Registration Rights
Agreement shall be governed by and construed in accordance with the laws of the State of New York, without reference to the conflict of law rules thereof.

        (g)    Headings.    The descriptive headings of the several Sections and paragraphs of this Exchange and
Registration Rights Agreement are inserted for convenience only, do not constitute a part of this Exchange and Registration Rights Agreement and shall not affect in any way the meaning or
interpretation of this Exchange and Registration Rights Agreement. 

        (h)    Entire Agreement; Amendments.    This Exchange and Registration Rights Agreement and the other writings
referred to herein (including the Indenture and the form of Securities) or delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with respect to its
subject matter. This Exchange and Registration Rights Agreement supersedes all prior agreements and understandings between the parties with respect to its subject matter. This Exchange and
Registration Rights Agreement may be amended and the observance of any term of this Exchange and Registration Rights Agreement may be waived (either generally or in a particular instance and either
retroactively or prospectively) only by a written instrument duly executed by the Company and the holders of at least a majority in aggregate principal amount of the Registrable Securities at the time
outstanding. Each holder of any of the Registrable Securities at the time or thereafter outstanding shall be bound by any amendment or waiver effected pursuant to this Section 9(h), whether or
not any notice, writing or marking indicating such amendment or waiver appears on such Registrable Securities or is delivered to such holder. 

        (i)    Inspection.    For so long as this Exchange and Registration Rights Agreement shall be in effect, this Exchange
and Registration Rights Agreement and a complete list of the names and addresses of all the holders of Registrable Securities shall be made available for inspection and copying on any business day by
any holder of Registrable Securities for proper purposes only (which shall include any purpose related to the rights of the holders of Registrable Securities under the Securities, the Indenture and
this Exchange and Registration Rights Agreement) at the offices of the Trustee under the Indenture. 

        (j)    Counterparts.    This agreement may be executed by the parties in counterparts, each of which shall be deemed
to be an original, but all such respective counterparts shall together constitute one and the same instrument. 

20

   
        If the foregoing is in accordance with your understanding, please sign and return to us five counterparts hereof, and upon the acceptance hereof by you, on behalf of each of the
Purchasers, this letter and such acceptance hereof shall constitute a binding agreement between each of the Purchasers, the Guarantors and the Company. It is understood that your acceptance of this
letter on behalf of each of the Purchasers is pursuant to the authority set forth in a form of Agreement among Purchasers, the form of which shall be submitted to the Company for examination upon
request, but without warranty on your part as to the authority of the signers thereof. 

	

 	
 	

Very truly yours,
	

 	
 	
Huntsman International LLC
	

 	
 	

By:	
 	

/s/  J. KIMO ESPLIN      
 Name: J. Kimo Esplin

Title: Executive Vice President and CFO
	

 	
 	
Eurofuels LLC
	

 	
 	

By:	
 	

/s/  SEAN DOUGLAS      
 Name: Sean Douglas

Title: Vice President
	

 	
 	
Eurostar Industries LLC
	

 	
 	

By:	
 	

/s/  J. KIMO ESPLIN      
 Name: J. Kimo Esplin

Title: Vice President
	

 	
 	
Huntsman EA Holdings LLC
	

 	
 	

By:	
 	

/s/  SEAN DOUGLAS      
 Name: Sean Douglas

Title: Vice President
	

 	
 	
Huntsman Ethyleneamines Ltd., by its following General Partner: Huntsman EA Holdings LLC
	

 	
 	

By:	
 	

/s/  SEAN DOUGLAS      
 Name: Sean Douglas

Title: Vice President
	 	 	 	 	 

S-1

 

	

 	
 	
Huntsman International Financial LLC
	

 	
 	

By:	
 	

/s/  J. KIMO ESPLIN      
 Name: J. Kimo Esplin

Title: Executive Vice President and CFO
	

 	
 	
Huntsman International Fuels, L.P., by its following General Partner: Eurofuels LLC
	

 	
 	

By:	
 	

/s/  SEAN DOUGLAS      
 Name: Sean Douglas

Title: Vice President
	

 	
 	
Huntsman Propylene Oxide Holdings LLC
	

 	
 	

By:	
 	

/s/  SEAN DOUGLAS      
 Name: Sean Douglas

Title: Vice President
	

 	
 	
Huntsman Propylene Oxide Ltd., by its following General Partner: Huntsman Propylene Oxide Holdings LLC
	

 	
 	

By:	
 	

/s/  SEAN DOUGLAS      
 Name: Sean Douglas

Title: Vice President
	

 	
 	
Huntsman Texas Holdings LLC
	

 	
 	

By:	
 	

/s/  SEAN DOUGLAS      
 Name: Sean Douglas

Title: Vice President
	

 	
 	
Tioxide Americas Inc.
	

 	
 	

By:	
 	

/s/  J. KIMO ESPLIN      
 Name: J. Kimo Esplin

Title: Director
	 	 	 	 	 

S-2

 

	

 	
 	
Tioxide Group
	

 	
 	

By:	
 	

/s/  J. KIMO ESPLIN      
 Name: J. Kimo Esplin

Title: Director

	

Accepted as of the date hereof:	
 	

 
	
Deutsche Bank Securities Inc.

Credit Suisse First Boston LLC

CIBC World Markets Corp.

UBS Warburg LLC	
 	

 
	
By:	
 	

/s/  JOHN G. AMOS      
 (Deutsche Bank Securities Inc.)

Name: John G. Amos

Title: Managing Director	
 	

 
	

By:	
 	

/s/  PAUL HAWKINSON      
 (Deutsche Bank Securities Inc.)

Name: Paul Hawkinson

Title: Director	
 	

 

S-3

Exhibit A  

Huntsman International LLC

INSTRUCTION TO EUROCLEAR PARTICIPANTS  

(Date of Mailing)  

URGENT—IMMEDIATE ATTENTION REQUESTED  

DEADLINE FOR RESPONSE: [DATE]* 

        Euroclear
has identified you as a Participant through which beneficial interests in the Huntsman International LLC (the "Company") 97/8% Senior Notes due 2009 (the
"Securities") are held. 

        The
Company is in the process of registering the Securities under the Securities Act of 1933 for resale by the beneficial owners thereof. In order to have their Securities included in
the registration statement, beneficial owners must complete and return the enclosed Notice of Registration Statement and Selling Securityholder Questionnaire. 

        It is important that beneficial owners of the Securities receive a copy of the enclosed materials as soon as possible as their rights to
have the Securities included in the registration statement depend upon their returning the Notice and Questionnaire by [Deadline For
Response]. Please forward a copy of the enclosed documents to each beneficial owner that holds interests in the Securities through you. If you require more copies
of the enclosed materials or have any questions
pertaining to this matter, please contact Huntsman International LLC, 500 Huntsman Way, Salt Lake City, Utah 84108, (801) 532-5200. 

	*
	Not
less than 28 calendar days from date of mailing. 

 
Huntsman
International LLC 

Notice
of Registration Statement

and

Selling Securityholder Questionnaire

(Date) 

        Reference
is hereby made to the Exchange and Registration Rights Agreement (the "Exchange and Registration Rights Agreement") among Huntsman International LLC (the "Company"), the
Guarantors named therein and the Purchasers named therein. Pursuant to the Exchange and Registration Rights Agreement, the Company has filed with the United States Securities and Exchange Commission
(the "Commission") a registration statement on Form[    ] (the "Shelf Registration Statement") for the registration
and resale under Rule 415 of the Securities Act of 1933, as amended (the "Securities Act"), of the Company's 97/8% Senior Notes due 2009 (the "Securities"). A copy of the
Exchange and Registration Rights Agreement has been filed as an exhibit to the Shelf Registration Statement. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto
in the Exchange and Registration Rights Agreement. 

        Each
beneficial owner of Registrable Securities (as defined below) is entitled to have the Registrable Securities beneficially owned by it included in the Shelf Registration Statement.
In order to have
Registrable Securities included in the Shelf Registration Statement, this Notice of Registration Statement and Selling Securityholder Questionnaire ("Notice and Questionnaire") must be completed,
executed and delivered to the Company's counsel at the address set forth herein for receipt ON OR BEFORE [Deadline for
Response]. Beneficial owners of Registrable Securities who do not complete, execute and return this Notice and Questionnaire by such date (i) will not be
named as selling securityholders in the Shelf Registration Statement and (ii) may not use the prospectus forming a part thereof for resales of Registrable Securities. 

        Certain
legal consequences arise from being named as a selling securityholder in the Shelf Registration Statement and related Prospectus. Accordingly, holders and beneficial owners of
Registrable Securities are advised to consult their own securities law counsel regarding the consequences of being named or not being named as a selling securityholder in the Shelf Registration
Statement and related prospectus. 

        The
term "Registrable Securities" is defined in the Exchange and Registration Rights Agreement. 

ELECTION 

        The
undersigned holder (the "Selling Securityholder") of Registrable Securities hereby elects to include in the Shelf Registration Statement the Registrable Securities beneficially owned
by it and listed below in Item (3). The undersigned, by signing and returning this Notice and Questionnaire, agrees to be bound with respect to such Registrable Securities by the terms and conditions
of this Notice and Questionnaire and the Exchange and Registration Rights Agreement, including, without limitation, Section 6 of the Exchange and Registration Rights Agreement, as if the
undersigned Selling Securityholder were an original party thereto. 

        Upon
any sale of Registrable Securities pursuant to the Shelf Registration Statement, the Selling Securityholder will be required to deliver to the Company and the Trustee for the
Securities the Notice of Transfer set forth in Appendix A to the Prospectus and as Exhibit B to the Exchange and Registration Rights Agreement. 

        The
Selling Securityholder hereby provides the following information to the Company and represents and warrants that such information is accurate and complete: 

2

 
QUESTIONNAIRE 

	(1)	 	(a)	 	Full Legal Name of Selling Securityholder:
	

 	
 	

 	
 	

	

 	
 	

(b)	
 	

Full Legal Name of Registered Holder (if not the same as in (a) above) of Registrable Securities Listed in Item (3) below:
	

 	
 	

 	
 	

	

 	
 	

(c)	
 	

Full Legal Name of Euroclear Participant (if applicable and if not the same as (b) above) Through Which Registrable Securities Listed in Item (3) below are Held:
	

 	
 	

 	
 	

	
 (2)	
 	

Address for Notices to Selling Securityholder:	
 	

 
	

 	
 	

 	
 	

	
 	

 
	

 	
 	

 	
 	

	
 	

 
	

 	
 	

 	
 	

	
 	

 
	

 	
 	

Telephone:	
 	

	
 	

 
	

 	
 	

Fax:	
 	

	
 	

 
	

 	
 	

Contact Person:	
 	

	
 	

 

	(3)
	Beneficial
Ownership of Securities: 

Except as set forth below in this Item (3), the undersigned does not beneficially own any Securities.

	(a)
	Principal
amount of Registrable Securities beneficially
owned:                                        
          

ISIN
No(s). of such Registrable
Securities:                                       
          
 

	(b)
	Principal
amount of Securities other than Registrable Securities beneficially
owned:                                        
          

ISIN
No(s). of such other
Securities:                                       
           

	(c)
	Principal
amount of Registrable Securities which the undersigned wishes to be included in the Shelf Registration
Statement:                                       
           

ISIN
No(s). of such Registrable Securities to be included in the Shelf Registration
Statement:                                       
           

	(4)
	Beneficial
Ownership of Other Securities of the Company: 

Except as set forth below in this Item (4), the undersigned Selling Securityholder is not the beneficial or registered owner of any other securities of the Company, other than
the Securities listed above in Item (3).  

State any exceptions
here:                                        
          

	(5)
	Relationships
with the Company: 

Except as set forth below, neither the Selling Securityholder nor any of its affiliates, officers, directors or principal equity holders (5% or more) has held any position or
office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past three years.

State
any exceptions
here:                                        
          

3

 

	(6)
	Plan
of Distribution: 

Except as set forth below, the undersigned Selling Securityholder intends to distribute the Registrable Securities listed above in Item (3) only as follows (if at all):
Such Registrable Securities may be sold from time to time directly by the undersigned Selling Securityholder or, alternatively, through underwriters, broker-dealers or agents. Such Registrable
Securities may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of sale, at varying prices determined at the time of sale, or at negotiated prices. Such
sales may be effected in transactions (which may involve crosses or block transactions) (i) on any national securities exchange or quotation service on which the Registered Securities may be
listed or quoted at the time of sale, (ii) in the over-the-counter market, (iii) in transactions otherwise than on such exchanges or services or in the over-the-counter market, or
(iv) through the writing of options. In connection with sales of the Registrable Securities or otherwise, the Selling Securityholder may enter into hedging transactions with broker-dealers,
which may in turn engage in short sales of the Registrable Securities in the course of hedging the positions they assume. The Selling Securityholder may also sell Registrable Securities short and
deliver Registrable Securities to close out such short positions, or loan or pledge Registrable Securities to broker-dealers that in turn may sell such securities.

State
any exceptions
here:                                        
          

        By
signing below, the Selling Securityholder acknowledges that it understands its obligation to comply, and agrees that it will comply, with the provisions of the Exchange Act and the
rules and regulations thereunder, particularly Regulation M. 

        In
the event that the Selling Securityholder transfers all or any portion of the Registrable Securities listed in Item (3) above after the date on which such information is
provided to the Company, the Selling Securityholder agrees to notify the transferee(s) at the time of the transfer of its rights and obligations under this Notice and Questionnaire and the Exchange
and Registration Rights Agreement. 

        By
signing below, the Selling Securityholder consents to the disclosure of the information contained herein in its answers to Items (1) through (6) above and the inclusion
of such information in the Shelf Registration Statement and related Prospectus. The Selling Securityholder understands that such information will be relied upon by the Company in connection with the
preparation of the Shelf Registration Statement and related Prospectus. 

        In
accordance with the Selling Securityholder's obligation under Section 3(d) of the Exchange and Registration Rights Agreement to provide such information as may be required by
law for inclusion in the Shelf Registration Statement, the Selling Securityholder agrees to promptly notify the Company of any inaccuracies or changes in the information provided herein which may
occur subsequent to the date hereof at any time while the Shelf Registration Statement remains in effect. All notices hereunder and pursuant to the Exchange and Registration Rights Agreement shall be
made in writing, by hand-delivery, first-class mail, or air courier guaranteeing overnight delivery as follows: 

	(i)	 	To the Company:	 	 	 	 
	 	 	 	 	
	 	 
	

 	
 	

 	
 	

	
 	

 
	

 	
 	

 	
 	

	
 	

 
	

 	
 	

 	
 	

	
 	

 
	

 	
 	

 	
 	

	
 	

 
	

(ii)	
 	

With a copy to:	
 	

 	
 	

 
	 	 	 	 	
	 	 
	

 	
 	

 	
 	

	
 	

 
	

 	
 	

 	
 	

	
 	

 
	

 	
 	

 	
 	

	
 	

 
	

 	
 	

 	
 	

	
 	

 

4

 

        Once
this Notice and Questionnaire is executed by the Selling Securityholder and received by the Company's counsel, the terms of this Notice and Questionnaire, and the representations
and warranties contained herein, shall be binding on, shall inure to the benefit of and shall be enforceable by the respective successors, heirs, personal representatives, and assigns of the Company
and the Selling Securityholder (with respect to the Registrable Securities beneficially owned by such Selling Securityholder and listed in Item (3) above). This Agreement shall be governed in
all respects by the laws of the State of New York. 

        IN
WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and Questionnaire to be executed and delivered either in person or by its duly authorized agent. 

Dated:                                       
          

	

 	
 	

 Selling Securityholder

(Print/type full legal name of beneficial owner of Registrable Securities)
	

 	
 	

By:	
 	

 
	

 	
 	

 	
 	

	

 	
 	

Name:	
 	

 
	

 	
 	

Title:	
 	

 

        PLEASE
RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE FOR RECEIPT ON OR BEFORE [DEADLINE FOR RESPONSE]
TO THE COMPANY'S COUNSEL AT: 

	 	 	
	 	 
	

 	
 	

	
 	

 
	

 	
 	

	
 	

 
	

 	
 	

	
 	

 
	

 	
 	

	
 	

 

5

 
Exhibit B  

NOTICE OF TRANSFER PURSUANT TO REGISTRATION STATEMENT 

Wells
Fargo Bank Minnesota, National Association

Huntsman International LLC

c/o Wells Fargo Bank Minnesota, National Association

Corporate Trust

Sixth Street and Marquette Avenue

MAC N9303-120

Minneapolis, MN 55473

Attention: Huntsman Administrator 

	Re:
	Huntsman
International LLC (the "Company")

97/8% Senior Notes due 2009 

Dear
Sirs: 

        Please
be advised that                        has transferred
$                        aggregate principal amount of the above-referenced Notes pursuant to an effective Registration Statement
on
Form [    ] (File No. 333-            ) filed by the Company. 

        We
hereby certify that the prospectus delivery requirements, if any, of the Securities Act of 1933, as amended, have been satisfied and that the above-named beneficial owner of the Notes
is named as a "Selling Holder" in the Prospectus dated [date] or in supplements thereto, and that the aggregate principal amount
of the Notes transferred are the Notes listed in such Prospectus opposite such owner's name. 

Dated:

	

 	
 	

Very truly yours,
	

 	
 	

 	
 	

 (Name)
	

 	
 	

By:	
 	

 (Authorized Signature)

6

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Exhibit 10.26    
    

As of 20 December 2001  

 IMPERIAL CHEMICAL INDUSTRIES PLC  

 HUNTSMAN SPECIALTY CHEMICALS CORPORATION  

 HUNTSMAN INTERNATIONAL HOLDINGS, LLC  

 HUNTSMAN INTERNATIONAL, LLC  

 AMENDMENT AGREEMENT

to amend the Contribution Agreement dated as of 15

April 1999  

        THIS AMENDMENT AGREEMENT is made as of 20 December 2001 

        Between:

        IMPERIAL CHEMICAL INDUSTRIES PLC, a company incorporated in England and Wales whose registered office is at Imperial Chemical House,
Millbank, London SW1P3JF (ICI); 

        HUNTSMAN SPECIALTY CHEMICALS CORPORATION, a corporation incorporated under the laws of Delaware whose principal office is at 500 Huntsman
Way, Salt Lake City, Utah, USA (HSCC); 

        HUNTSMAN INTERNATIONAL HOLDINGS, LLC, a limited liability company formed under the laws of Delaware whose principal place of business is
at 500 Huntsman Way, Salt Lake City, Utah, USA (HIH); and 

        HUNTSMAN INTERNATIONAL, LLC, a limited liability company formed under the laws of Delaware whose principal place of business is at 500
Huntsman Way, Salt Lake City, Utah, USA (HI), 

        (together,
the Parties). 

Whereas:  

        (A)  The
Parties are party to a contribution agreement dated as of 15 April 1999 in respect of the contribution of the Polyurethanes, Tioxide, Relevant Petrochemicals
and PO/MTBE Businesses (each as defined in the Contribution Agreement) to the Purchaser. That agreement, as supplemented and amended prior to the date of this Amendment Agreement, is referred to in
this Amendment Agreement as the Contribution Agreement.

        (B)  The
Parties wish to amend the Contribution Agreement in the manner described in this Amendment Agreement. 

        (C)  On
the date hereof, ICI, ICI Alta Inc. (a Delaware incorporated subsidiary of ICI) and HSCC have also entered into an amendment agreement (the  MIOA Amendment Agreement) in relation to the
membership interest option agreement entered into between them on 2 November 2000 (as amended and
restated by the MIOA Amendment Agreement, the Membership Interest Option Agreement). 

        IT IS AGREED as follows: 

Interpretation  

        1.1   Terms
and expressions defined in the Contribution Agreement have the same meaning when used in this Amendment Agreement. 

        1.2   In
this Amendment Agreement, ICI Parties means ICI, each Share Selling Company, each Business Vendor and each of the
respective successors and assignees of any of those entities. 

        1.3   The
headings in this Amendment Agreement shall not affect its interpretation. 

Amendment of the Contribution Agreement  

        2.1   The
Contribution Agreement shall be, and shall be deemed to be, amended as follows with effect on and from the date of this Amendment Agreement: 

        (a)   the
undertaking set out in clause 23.1(A) of the Contribution Agreement shall terminate and clause 23.1(A) of the Contribution Agreement
shall be of no further force and effect; and 

        (b)   clause 23.1(B) of
the Contribution Agreement shall be deleted and replaced by the following: 

"23.1(B) ICI
undertakes to the Purchaser that it shall not, and that it shall procure that each other member of its Retained Group shall not, until the expiry of the period from and including
20 December, 2001 to and including 30 June 2004, carry on or be engaged in or control any business which competes, directly or indirectly, with the ICI Business and/or the PO/MTBE Business as 

 

conducted
as at 20 December, 2001, in the countries in which either of the ICI Business or the PO/MTBE Business, respectively, is carried on as at 20 December, 2001, PROVIDED THAT, for the avoidance
of doubt, nothing in this clause 23.1(B) shall prevent ICI or any member of its Retained Group from carrying on or being engaged in or controlling any business which competes, directly
or indirectly, with any business acquired at any time after 30 June, 1999 by any one or more members of the Purchaser's Group to the extent that such business falls within the scope of neither the ICI
Business nor the PO/MTBE Business as those businesses are conducted as at 20 December, 2001." 

        2.2   Subject
to clause 3 below, the Contribution Agreement, as amended by this Amendment Agreement, shall remain in full force and effect and any reference in the
Contribution Agreement to "Agreement" shall be read and construed as a reference to the Contribution Agreement as amended by this Amendment Agreement. 

        2.3   The
Parties acknowledge that, notwithstanding the fact that Huntsman ICI Polyurethanes (UK) Limited (Polyurethanes UK)
was, for certain identified purposes, a party to the agreement dated 4 June 1999 which effected certain amendments to the original form of the Contribution Agreement, Polyurethanes UK is not a
party to the Contribution Agreement and, accordingly, is not required to be a party to this Amendment Agreement in order for the amendments to the Contribution Agreement for which it provides to take
effect. 

HSCC Claims  

        3.1   For
the avoidance of doubt, and without prejudice to clause 3.2 below and to clause 11.1 of the Contribution Agreement, HSCC hereby acknowledges and agrees
with ICI (for itself and each other ICI Party) that, to the extent that any of ICI's obligations under the Contribution Agreement, or any rights of any one or more other parties to the Contribution
Agreement against ICI under the Contribution Agreement: 

        (a)   are
expressly stated in the Contribution Agreement to be an agreement by ICI with, a covenant or undertaking by ICI to or with, or a warranty by ICI to any one or more
parties who are identifiable on the face of the relevant provision; but 

        (B)  not
expressed (whether by name or by virtue of the provision referring expressly to its being an agreement with the other parties to the Contribution Agreement) to be
with or to HSCC, 

(in
each case, regardless of whether ICI is expressed to have the applicable obligation as principal or as agent for any other person and regardless of whether the other party concerned is expressed
to have the right, or to be owed the obligation, as agent, trustee or otherwise on behalf of any other person), neither ICI nor any other ICI Party has or shall have any obligation to HSCC in respect
thereof. 

        3.2   HSCC
hereby waives such rights as it has, or may have at any time after the date of this Amendment Agreement, to bring any claim against ICI under, or in respect of any
breach of, any particular provision of the Contribution Agreement against ICI and/or any other ICI Party (whether accruing on, before or after the date of this Amendment Agreement) in respect of any
particular facts or matters, if any one or more of HIH, HI or any Designated Purchaser(s) also have a claim under, or in respect of a breach of, the same provision of the Contribution Agreement in
respect of the same facts or matters, regardless in each case: 

        (a)   of
whether HSCC on the one hand, and HIH and/or HI and/or the relevant Designated Purchaser(s) on the other hand, would be entitled to claim the same relief or claim to
recover the same amount in damages, in respect of those facts or matters under, in respect of a breach of, the provision in question; and 

2

 

        (b)   of
whether any of HIH, HI or any of the Designated Purchasers has in fact made, or does in fact make in the future, any claim against ICI or any ICI Party in respect of
such facts or matters under, or in respect of a breach of, the provision in question. 

        Provided That HSCC does not, by virtue of this clause 3.2, waive any right to bring a claim under, or in respect of a breach of,
any provision of the Contribution Agreement the terms of which expressly state that ICI agrees with, covenants or undertakes to or with, or warrants to HSCC (whether by name or by virtue of the
provision referring expressly to its being an agreement with the other parties in the Contribution Agreement). The claims which HSCC waives the right to make by virtue of this clause 3.2 are
referred to in the remainder of this clause 3.2 as the Relevant Claims. 

        HSCC
also in each case, for the avoidance of doubt, without prejudice to such rights as HIH, HI and/or any other Designated Purchaser(s) may have in respect of the relevant facts or
matters: 

        (a)   irrevocably
releases and discharges ICI, and acknowledges and agrees with ICI, as trustee for each of the other ICI Parties, that each of the other ICI Parties is hereby
irrevocably released and discharged from any and all liability in respect of any Relevant Claim; and 

        (b)   undertakes
to ICI (for itself and as trustee for each of the ICI Parties) not to, and to procure that its successors and assignees do not, bring or pursue any Relevant
Claim (including without limitation by way of counterclaim or set-off) against any one or more ICI Parties. 

        3.3   HSCC
warrants to ICI (for itself and as trustee for each other ICI Party) that, at the date hereof, HSCC is not (and no other person is, on behalf of HSCC): 

        (a)   evaluating
whether or not to prepare or make any notification to ICI or any other ICI Party of any facts or matters which may give rise to a claim against ICI or any
other ICI Party under the Contribution Agreement; and/or 

        (b)   preparing
the submission of any notices of facts or matters which may give rise to a claim by HSCC against ICI or any other ICI Party under the Contribution Agreement or
preparing to commence any action or proceeding against ICI or any other ICI Party under, or in respect of any breach of, the Contribution Agreement. 

        For
the avoidance of doubt, subject to clauses 3.1 and 3.2 above, the warranty in this clause 3.3 shall not affect the continuing right of HSCC to give further notices of facts or
matters of which it becomes aware after the date of this Amendment Agreement which may give rise to a claim against ICI under, or in respect of a breach of, the Contribution Agreement (without
prejudice to such rights and/or claims as ICI and/or any of the ICI Parties may have arising from any breach of the warranty in this clause 3.3). 

ICI Claims  

        4.1   For
the avoidance of doubt, ICI hereby acknowledges and agrees with HSCC that, to the extent that any of HSCC's obligations under the Contribution Agreement, or any
rights of any one or more other parties to the Contribution Agreement against HSCC under the Contribution Agreement, are: 

        (a)   expressly
stated in the Contribution Agreement to be an agreement by HSCC with, a covenant or undertaking by HSCC to or with, or a warranty by HSCC to any one or more
parties who are identifiable on the face of the relevant provision; but 

        (b)   not
expressed (whether by name or by virtue of the provision referring expressly to its being an agreement with the other parties to the Contribution Agreement) to be
with or to ICI, 

(in
each case, regardless of whether HSCC is expressed to have the applicable obligation as principal or as agent for any other person and regardless of whether the other party concerned is expressed
to have 

3

 

the
right, or to be owed the obligation, as agent, trustee or otherwise on behalf of any other person), HSCC neither has nor shall have any obligation to ICI in respect thereof. 

        4.2   ICI
warrants to HSCC that, at the date hereof, ICI is not (and no other person is, on behalf of ICI): 

        (a)   evaluating
whether or not to prepare or make any notification to HSCC of any facts or matters which may give rise to a claim against HSCC under the Contribution
Agreement; and/or 

        (b)   preparing
the submission of any notices of facts or matters which may give rise to a claim by ICI against HSCC under the Contribution Agreement or preparing to commence
any action or proceeding against HSCC under, or in respect of any breach of, the Contribution Agreement. 

        For
the avoidance of doubt, the warranty in this clause 4.2 shall not affect the continuing right of ICI to give further notices of facts or matters of which it becomes aware
after the date of this Amendment Agreement which may give rise to a claim against HSCC under, or in respect of a breach of, the Contribution Agreement (without prejudice to such rights and/or claims
as HSCC may have arising from any breach of the warranty in this clause 4.2). 

        4.3   For
the purpose of this clause 4, references to HSCC shall be deemed to include HSCC's successors and assignees. 

Warranties  

        5.1   ICI
warrants to HSCC as follows: 

        (a)   that
it is a corporation duly incorporated and validly existing under the laws of England and Wales; 

        (b)   that
the execution, delivery and performance by ICI of this Amendment Agreement are within its corporate capacity and have been duly authorised by all necessary
corporate action, and that this Amendment Agreement constitutes binding obligations of ICI; 

        (c)   that
the execution, delivery and performance by ICI of this Amendment Agreement require no material action by or in respect of, or material filing with, any Governmental
Entity (as such term is defined in the Membership Interest Option Agreement) other than (i) compliance with any applicable requirements of any Competition Authority (as such term is defined in
the Membership Interest Option Agreement); (ii) compliance with any applicable requirements of the 1934 Act (as such term is defined in the Membership Interest Option Agreement) and any other
securities laws, whether federal, state or foreign, and (iii) approvals required under, and filings and notifications required to be made under, the Listing Rules issued by the Financial
Services Authority or the rules of the New York Stock Exchange; and 

        (d)   that
the execution, delivery and performance by ICI of this Amendment Agreement do not and will not violate its memorandum or articles of association; assuming
compliance with the matters referred to in (c) above, do not violate any applicable law, rule, regulation, judgment, injunction, order or decree, except for such matters as would not,
individually or in the aggregate, reasonably be expected to (i) have a material adverse effect on the business, financial condition or results of operations of ICI, or (ii) adversely
affect the ability of ICI to perform its obligations under this Amendment Agreement; do not require any consent or other action by any Person under, constitute a default under, or give rise to any
right of termination, cancellation or acceleration of any right or obligation of ICI or to a loss of any benefit to which ICI is entitled under any provision of any agreement or other instrument
binding upon it, except for such consents or approvals the failure of which to obtain would not, individually or in the aggregate, reasonably be expected to (i) have a material adverse effect
on the business, financial condition or 

4

 

results
of operations of ICI, or (ii) adversely affect the ability of ICI to perform its obligations under this Amendment Agreement. 

        5.2   Each
of HSCC, HIH and HI warrants to ICI as follows: 

        (a)   that
it is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware; 

        (b)   that
the execution, delivery and performance by it of this Amendment Agreement are within its organizational powers and have been duly authorised by all necessary
organizational action on the part of it, and that this Amendment Agreement constitutes binding obligations of it; 

        (c)   that
the execution, delivery and performance by it of this Amendment Agreement require no action by or in respect of, or filing with, any Governmental Entity other than
compliance with any applicable requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended;, the 1958 Act against Restraints in Competition, as amended (Germany);
the Law on the Protection of Competition and the Market Law No. 287 of Oct 10, 1990 (Italy); and the Federal Law 8884/1994 of June 11, 1994 as amended and CADH Resolution
no. 15/98 of August 19, 1998 (Brazil) (as each of such terms is defined in the Membership Interest Option Agreement); and any such action or filing as to which the failure to make or
obtain would not, individually or in the aggregate, reasonably be expected to (i) have a material adverse effect on the business, financial condition or results of operations of it, or
(ii) adversely affect the ability of it to perform its obligations under this Amendment Agreement; and 

        (d)   that
the execution, delivery and performance by it of this Amendment Agreement do not and will not violate the certificate of incorporation or bylaws of it; assuming
compliance with the matters referred to in (c) above, do not violate any applicable law, rule, regulation, judgment, injunction, order
or decree, except for such matters as would not, individually or in the aggregate, reasonably be expected to (i) have a material adverse effect on the business, financial condition or results
of operations of it, or (ii) adversely affect the ability of it to perform its obligations under this Amendment Agreement; do not require any consent or other action by any Person under,
constitute a default under, or give rise to any right of termination, cancellation or acceleration of any right or obligation of it or to a loss of any benefit to which it is entitled under any
provision of any agreement or other instrument binding upon it, except for (i) such consents or approvals as have been obtained as of the date of this Amendment Agreement and (ii) such
consents or approvals the failure to obtain which would not, individually or in the aggregate, reasonably be expected to (x) have a material adverse effect on the business, financial condition
or results of operations of it, or (y) adversely affect the ability of it to perform its obligations under this Amendment Agreement. 

General  

Assignment  

        6.1   No
party shall nor shall it purport to assign, transfer, charge or otherwise deal with all or any of its rights under this Amendment Agreement nor grant, declare, create
or dispose of any right or interest in it without the prior written consent of each of the other Parties. Any purported assignment in contravention of this clause 6.1 shall be void. 

Variation  

        6.2   No
variation of this Amendment Agreement shall be valid unless it is in writing and signed by or on behalf of each of the Parties. The expression "variation" shall
include any variation, supplement, deletion or replacement, however effected. 

5

 

Entire Agreement  

        6.3   This
Amendment Agreement sets out the entire agreement and understanding between the Parties with respect to the amendments of the Contribution Agreement for which it
provides. This Amendment Agreement supersedes all previous arrangements and understandings between the Parties with respect to the amendments of the Contribution Agreement for which this Amendment
Agreement provides, which shall cease to have any further force or effect. 

        6.4   Subject
to clause 6.6 below, no Party has, and each Party warrants to each of the other Parties that it has not entered into this Amendment Agreement in reliance
upon any representation, warranty or undertaking of any other Party which is not expressly set out or referred to in this Amendment Agreement. 

        6.5   Subject
to clause 6.6 below, a Party may claim in contract for breach of warranty under this Amendment Agreement, but no Party shall have any claim or remedy
under this Amendment Agreement in respect of misrepresentation (whether negligent or otherwise, and whether made prior to, and/or in, this Amendment Agreement) or untrue statement made by any other
Party. 

        6.6   None
of clauses 6.3, 6.4 or 6.5 above shall exclude any liability for fraudulent misrepresentation. 

Counterparts  

        6.7   This
Amendment Agreement may be entered into in any number of counterparts and by the parties to it on separate counterparts, each of which, when executed and delivered,
shall be an original, but all the counterparts shall together constitute one and the same instrument. 

Third party rights  

        6.8   A
person who is not a party to this Amendment Agreement shall have no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any of its terms. 

Confidentiality & announcements  

        6.9   Subject
to clause 6.10, each Party shall use (and shall ensure that each member of its Group shall use) all reasonable endeavours to keep confidential (and to
ensure that its respective officers, employees and agents and professional advisors keep confidential) any information which relates to the contents of this Amendment Agreement and/or the negotiations
relating to this Amendment Agreement, and shall not (and shall ensure that no member of its Group shall), without the prior written approval of the other Parties (such approval not to be unreasonably
withheld or delayed), make or issue any formal public announcement or press release in connection with the signature or contents of this Amendment Agreement. 

        6.10 The
obligations set out in clause 6.9 above do not apply to the disclosure of information or, as the case may be, the making or issue of any public announcement
or press release: 

        (a)   if
and to the extent it is required by law; 

        (b)   if
and to the extent it is required by any securities exchange or regulatory or governmental body to which that Party or any member of its Group is subject or submits,
wherever situated, whether or not the requirement for information has the force of law; 

        (c)   on
a "need to know" basis to a company which is a member of the disclosing Party's Group, where that disclosure is for a purpose reasonably incidental to this Amendment
Agreement (in which event the disclosing Party shall procure that the relevant member of its Group complies with the provisions of clause 6.9 in respect of the information so disclosed); 

6

 

        (d)   to
any tax authority to the extent reasonably required for the purposes of the tax affairs of the Party concerned or any member of its Group; 

        (e)   if
and to the extent the information concerned has come into the public domain, other than as a result of a breach of clause 6.9 above by that Party or any member
of its Group; or 

        (f)    if
and to the extent that the other Parties have given prior written consent to the disclosure, such consent not to be unreasonably withheld or delayed. 

        If
a Party has an obligation to make or issue any announcement pursuant to paragraph (a) or (b) above, the relevant Party shall give the other Parties every reasonable
opportunity to comment on any announcement or release before it is made or reissued (provided that this does not have the effect of preventing the Party making the announcement or release from
complying with its legal and/or stock exchange obligations). 

        6.11 No
failure or delay by any Party in exercising any right or remedy provided by law under or pursuant to this Amendment Agreement shall impair such right or remedy or
operate or be construed as a waiver or variation of it or preclude its exercise at any subsequent time and no single or partial exercise of any such right or remedy shall preclude any other or further
exercise of it or the exercise of any other right or remedy. 

        6.12 If
any provision of this Amendment Agreement is held by a Court or other competent authority to be invalid or unenforceable in whole or in part, then such provision
shall, so far as it is invalid or unenforceable, be given no effect and shall be deemed not to be included in this Amendment Agreement, and the other provisions of this Amendment Agreement and the
remainder of the affected provision shall continue to be valid. 

Governing Law  

        6.13 This
Amendment Agreement shall be governed by, and construed in all respects in accordance with, the laws of England. 

Jurisdiction  

        6.14 The
parties agree that the Courts of England are to have exclusive jurisdiction to settle any dispute (including claims for set off and counterclaim) which may arise in
connection with the creation, validity, effect, interpretation or performance of, or the legal relationships established by this Amendment Agreement or otherwise arising in connection with this
Amendment Agreement and for such purposes irrevocably submit to the jurisdiction of the English Courts. 

        6.15 Each
of HSCC, HIH and HI shall at all times maintain an agent for service of process and any other documents in proceedings in England. The agent for HSCC, HIH and HI
shall be Tioxide Group Services Limited, Haverton Hill Road, Billingham TS23 IPS. Any writ, judgment or other notice of legal process shall be sufficiently served on HSCC, HIH or HI, as the case may
be, if delivered to its agent at its address for the time being. If, for some reason, the agent for HSCC, HIH, or HI, as the case may be, ceases to act as such, HSCC, HIH or HI, as the case may be,
shall promptly appoint another such agent with an address in England and so advise ICI. Failing such appointment and notification, ICI shall be entitled to appoint an agent on behalf of HSCC, HIH or
HI, as the case may be, at the expense of HSCC, HIH or HI, as the case may be. A copy of any document served on the agent of HSCC, HIH or HI, as the case may be, shall also be sent to HSCC, HIH or HI,
as the case may be, at the address given above for HSCC, HIH or HI, as the case may be. 

7

 

        In Witness whereof this Amendment Agreement has been signed by and on behalf of the Parties as of the day and year first before written. 

	SIGNED on behalf of	 	)	 	 
	IMPERIAL CHEMICAL	 	)	 	 
	INDUSTRIES PLC by William J.	 	)	 	/s/ William J. Hutchinson
	Hutchinson as its duly	 	)	 	 
	authorised attorney	 	)	 	 
	
SIGNED on behalf of	
 	

)	
 	

 
	HUNTSMAN SPECIAL	 	)	 	 
	CHEMICALS CORPORATION,	 	)	 	 
	a company incorporated in Delaware,	 	)	 	 
	by Samuel D. Scruggs, being	 	)	 	/s/ Samuel D. Scruggs
	a person who, in accordance	 	)	 	 
	with the laws of that territory, is	 	)	 	 
	acting under the authority of	 	)	 	 
	that company	 	)	 	 
	
SIGNED on behalf of	
 	

)	
 	

 
	HUNTSMAN INTERNATIONAL	 	)	 	 
	HOLDINGS, LLC, a limited	 	)	 	 
	liability company formed in Delaware,	 	)	 	 
	by Samuel D. Scruggs, being	 	)	 	/s/ Samuel D. Scruggs
	a person who, in accordance	 	)	 	 
	with the laws of that territory, is	 	)	 	 
	acting under the authority of	 	)	 	 
	that company	 	)	 	 
	
SIGNED on behalf of	
 	

)	
 	

 
	HUNTSMAN INTERNATIONAL	 	)	 	 
	LLC, a limited liability company formed	 	)	 	 
	in Delaware, by Samuel D. Scruggs	 	)	 	/s/ Samuel D. Scruggs
	being a person who, in accordance	 	)	 	 
	with the laws of that territory, is	 	)	 	 
	acting under the authority of	 	)	 	 
	that company	 	)	 	 

8

QuickLinks

Exhibit 10.26

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