Document:

Exhibit 4.2(c)

FIRST SUPPLEMENTAL
INDENTURE

This FIRST SUPPLEMENTAL INDENTURE (the “Supplemental Indenture”) is dated as of
March 23, 2007, between Smurfit-Stone Container Enterprises, Inc., a Delaware
corporation (the “Company”), and
The Bank of New York Trust Company, N.A., a national banking association, as
Trustee (the “Trustee”).

W I T N E S S E T H:

WHEREAS, Section 9.02 of the indenture
relating to the 9.75% Senior Notes Due 2011 (the “Notes”) of the Company, dated as of January 25, 2001, between
the Company and the Trustee (the “Indenture”),
provides that the Company and the Trustee may, with the consent of the holders
of the Notes (the “Holders”)
constituting a majority in aggregate principal amount of the Notes then outstanding
(the “Requisite Consents”), enter
into a supplemental indenture for the purpose of amending the Indenture with
respect to the Notes;

WHEREAS, the Company has offered to
purchase for cash (the “Offer”)
any and all of the outstanding Notes upon the terms and subject to the
conditions set forth in the Offer to Purchase for Cash and Consent Solicitation
Statement, dated March 12, 2007 (together with any extensions, supplements or
amendments thereto, the “Statement”),
and the accompanying Letter of Transmittal and Consent (together with any
extensions, supplements or amendments thereto, the “Letter of Transmittal”) and solicited consents (the “Consent Solicitation”) of the holders of
the Notes to, among others things, certain amendments to the Indenture with
respect to the Notes, which require the Requisite Consents (the “Proposed Amendments”);

WHEREAS, the Holders who, prior to the Early
Tender Date (as defined in the Statement), shall have consented to the adoption
of this Supplemental Indenture and shall not have subsequently withdrawn such
consent prior to the Early Tender Date (each, a “Consenting  Holder”),
have duly consented to the Proposed Amendments and to authorize the execution
of this Supplemental Indenture; and

WHEREAS, the Company has received the Requisite
Consents to effect the Proposed Amendments;

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

WHEREAS, all things necessary to make
this Supplemental Indenture a valid supplement to the Indenture according to
its terms and the terms of the Indenture have been done.

NOW, THEREFORE, the parties hereto agree
as follows:

SECTION 1.           Supplemental Indenture.  This Supplemental Indenture is supplemental
to, and is entered into in accordance with Section 9.02 of, the Indenture and
all provisions of this Supplemental Indenture shall be deemed to be
incorporated in, and made part 

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of, the Indenture, solely with respect to
the Notes.  Except as modified, amended
or supplemented by this Supplemental Indenture, the provisions of the Indenture
are in all respects ratified and confirmed and shall remain in full force and
effect and the Indenture, as amended and supplemented by this Supplemental
Indenture, shall be read, taken and construed as one and the same instrument.

SECTION 2.           Certain Defined Terms.  All capitalized terms used herein without
definition herein shall have the meanings ascribed thereto in the Indenture.

SECTION 3.           Proposed Amendments.

SECTION 3.01.      Deletion of Certain Provisions.  Pursuant to the terms of the Statement and
the Letter of Transmittal and the receipt of the Requisite Consents, the
Indenture is hereby amended, solely with respect to the Notes, to delete the
following sections in their entirety and, in the case of each such section,
insert in lieu thereof the phrase “[Intentionally Omitted],” and any and all
references to such sections, any and all obligations thereunder, and any event
of default related solely to the following sections and subsections are hereby
deleted throughout the Indenture, and such sections and references shall be of
no further force or effect: Sections 4.03, 4.04, 4.05, 4.06, 4.07, 4.08, 4.09,
4.10, 4.11, 4.12, 4.13, 4.14, 4.15, 4.17, 4.18, 4.19 and 5.01; and subsections (c),
(d), (e), and (f) of Section 6.01.

SECTION 3.02.      Conforming Amendments. 
Solely with respect to the Notes, all definitions in the Indenture that
are used exclusively in the sections, subsections and clauses deleted pursuant
to Section 3.01 of this Supplemental Indenture are hereby deleted.

SECTION 4.           Effective Date; Operativeness.  Sections 3.01 and 3.02 of this Supplemental
Indenture shall become effective and binding upon the Company, the Trustee and
the holders of Notes immediately upon the execution and delivery of this
Supplemental Indenture and shall become operative on and simultaneously with
the acceptance for purchase by the Company of at least a majority in aggregate
principal amount of the outstanding Notes; provided, however,
that this Supplemental Indenture shall cease to be operative if the Company
fails to purchase outstanding Notes comprising at least the Requisite Consents
prior to the termination of the Offer.

SECTION 5.           Successors and Assigns.  All covenants and agreements of the Company
and the Trustee in this Supplemental Indenture shall bind their respective
successors.

SECTION 6.           Trust Indenture Act Controls. If any provision of
this Supplemental Indenture limits, qualifies or conflicts with another
provision of this Supplemental Indenture or the Indenture that is required to
be included by the Trust Indenture Act of 1939, as amended (the “Act”), as in force at the date this
Supplemental Indenture is executed, the provision required by the Act shall
control.

SECTION 7.           Counterparts. 
This Supplemental Indenture may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which 

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when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same
Supplemental Indenture.

SECTION 8.           Governing
Law.  This Supplemental Indenture
shall be governed by and construed in accordance with the laws of the State of
New York.

SECTION 8.           Separability.  In case any provision in this Supplemental
Indenture shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected
or impaired thereby.

[THE REST OF THIS PAGE
IS INTENTIONALLY LEFT BLANK.]

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

	
  

  	
  SMURFIT-STONE CONTAINER ENTERPRISES, INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
  By:

  	
  /s/ Jeffrey S. Beyersdorfer

  	
   

  
	
   

  	
  Name:

  	
  Jeffrey S. Beyersdorfer

  
	
   

  	
  Title:

  	
  Vice President and Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THE BANK OF NEW
  YORK TRUST COMPANY, N.A.,

  
	
   

  	
   

  	
  as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ M. Callahan

  	
   

  
	
   

  	
  Name:

  	
  M. Callahan

  
	
   

  	
  Title:

  	
  Vice President

  

 

 4Exhibit 4.3

EXECUTION COPY

REGISTRATION RIGHTS AGREEMENT 

Dated March 26, 2007

among

SMURFIT-STONE CONTAINER ENTERPRISES, INC.

and

DEUTSCHE BANK SECURITIES INC.

BANC OF AMERICA SECURITIES LLC

J.P. MORGAN SECURITIES INC.

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

MORGAN STANLEY & CO. INCORPORATED

UBS SECURITIES LLC

BNY CAPITAL MARKETS, INC.

GOLDMAN, SACHS & CO.

SCOTIA CAPITAL (USA) INC.

SG AMERICAS SECURITIES, LLC

WACHOVIA CAPITAL MARKETS, LLC

REGISTRATION RIGHTS AGREEMENT

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into on
March 26, 2007, among Smurfit-Stone Container Enterprises, Inc., a Delaware
corporation (the “Company”)  and Deutsche Bank Securities Inc., Banc of
America Securities LLC, J.P. Morgan Securities Inc., Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated, UBS
Securities LLC, BNY Capital Markets, Inc., Goldman, Sachs & Co., Scotia
Capital (USA) Inc., SG Americas Securities, LLC and Wachovia Capital Markets,
LLC (each an “Initial Purchaser”  and, collectively, the “Initial Purchasers”).

This Agreement is made pursuant to the Purchase
Agreement dated March 12, 2007, among the Company and the Initial Purchasers
(the “Purchase Agreement”),  which provides for the sale by the Company
to the Initial Purchasers of an aggregate of $675,000,000 principal amount of
the Company’s 8.00% Senior Notes due 2017 (the “Securities”).  In
order to induce the Initial Purchasers to enter into the Purchase Agreement,
the Company has agreed to provide to the Initial Purchasers and their direct
and indirect transferees the registration rights set forth in this Agreement.
The execution of this Agreement is a condition to the closing under the
Purchase Agreement.

In consideration of the foregoing, the parties hereto
agree as follows: 

1.                          Definitions.

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

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

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

“Closing Date” shall mean the Closing Date as
defined in the Purchase Agreement.

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

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

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

“Exchange Offer Registration” shall mean a
registration under the 1933 Act effected pursuant to Section 2(a) hereof.

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

“Exchange Securities” shall mean securities
issued by the Company containing terms identical to the Securities (except that
(i) interest thereon shall accrue from the last day on which interest was paid
on the Securities, or if no such interest has been paid, from March 26, 2007;
and (ii) the Exchange Securities will not contain restrictions on transfer),
and to be offered to Holders of Securities in exchange for Securities pursuant
to the Exchange Offer.

“Holder” shall mean any Initial Purchaser, for
so long as it owns any Registrable Securities, and each of its successors,
assigns and direct and indirect transferees who become registered owners of
Registrable Securities under the Indenture; provided that for purposes
of Sections 4 and 5 of this Agreement, the term “Holder” shall include
Participating Broker-Dealers (as defined in Section 4(a)).

“Indenture” shall mean the Indenture relating
to the Securities to be dated as of March 26, 2007 among the Company and The
Bank of New York Trust Company, N.A., as trustee, and as the same may be
amended from time to time in accordance with the terms thereof.

“Issuer Free Writing Prospectus” shall mean an
issuer free writing prospectus, as defined in Rule 433 under the Securities
Act.

“Majority Holders” shall mean the Holders of a
majority of the aggregate principal amount of outstanding Registrable
Securities; provided that whenever the consent or approval of Holders of
a specified percentage of Registrable Securities is required hereunder,
Registrable Securities held by the Company or any of its affiliates (as such
term is defined in Rule 405 under the 1933 Act) (other than the Initial
Purchasers or subsequent Holders of Registrable Securities if such subsequent
holders are deemed to be such affiliates solely by reason of their holding of
such Registrable Securities) shall not be counted in determining whether such
consent or approval was given by the Holders of such required percentage or
amount.

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

“Initial Purchaser(s)” shall have the meaning
set forth in the preamble. 

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

“Prospectus” shall mean the prospectus included
in a Registration Statement, including any preliminary prospectus, and any such
prospectus as amended or supplemented by any prospectus supplement, including a
prospectus supplement with 

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respect to the terms of the offering of any portion of the Registrable
Securities covered by a Shelf Registration Statement, and by all other
amendments and supplements to such prospectus, and in each case including all
material incorporated by reference therein.

“Registrable Securities” shall mean the
Securities; provided, however, that the Securities shall cease to
be Registrable Securities (i) when a Registration Statement with respect to
such Securities shall have been declared effective under the 1933 Act and such
Securities shall have been disposed of pursuant to such Registration Statement
(except as provided in Section 2(b)(iii) hereof), (ii) when such Securities
have been sold to the public pursuant to Rule 144(k) (or any similar provision
then in force, but not Rule 144A) under the 1933 Act or (iii) when such
Securities shall have ceased to be outstanding.

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

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

“SEC” shall mean the Securities and Exchange
Commission.

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

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“Shelf Registration Statement” shall mean a
“shelf” registration statement of the Company pursuant to the provisions of
Section 2(b) of this Agreement which covers all of the Registrable Securities (but
no other securities unless approved by the Holders whose Registrable Securities
are covered by such Shelf Registration Statement) on an appropriate form under
Rule 415 under the 1933 Act, or any similar rule that may be adopted by the
SEC, and all amendments and supplements to such registration statement,
including post-effective amendments, in each case including the Prospectus
contained therein, all exhibits thereto and all material incorporated by
reference therein.

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

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

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

2.                          Registration
Under the 1933 Act.

(a)       To the extent not prohibited by any
applicable law or applicable interpretation of the Staff of the SEC, the
Company shall use its best efforts to cause to be filed an Exchange Offer
Registration Statement covering the offer by the Company to the Holders to
exchange all of the Registrable Securities for Exchange Securities and to have
such Registration Statement remain effective until the closing of the Exchange
Offer. The Company shall commence the Exchange Offer promptly after the
Exchange Offer Registration Statement has been declared effective by the SEC
and use their best efforts to have the Exchange Offer consummated not later
than 60 days after such effective date. The Company shall commence the Exchange
Offer by mailing the related exchange offer Prospectus and accompanying
documents to each Holder stating, in addition to such other disclosures as are
required by applicable law:

(i)        that the Exchange Offer is being made
pursuant to this Registration Rights Agreement and that all Registrable
Securities validly tendered will be accepted for exchange;

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

(iii)      that any Registrable Security not tendered
will remain outstanding and continue to accrue interest, but will not retain
any rights under this Registration Rights Agreement;

(iv)      that Holders electing to have a
Registrable Security exchanged pursuant to the Exchange Offer will be required
to surrender such Registrable Security, together with the enclosed letters of
transmittal, to the institution and at the address (located in the Borough of
Manhattan, The City of New York) specified in the notice prior to the close of
business on the last Exchange Date; and

(v)       that Holders will be entitled to withdraw
their election, not later than the close of business on the last Exchange Date,
by sending to the institution and at the

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address (located in the Borough of Manhattan, The City of New York)
specified in the notice a telegram, telex, facsimile transmission or letter
setting forth the name of such Holder, the principal amount of Registrable
Securities delivered for exchange and a statement that such Holder is
withdrawing his election to have such Securities exchanged.

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

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

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

The Company shall use its best efforts to complete the Exchange Offer
as provided above and shall comply with the applicable requirements of the 1933
Act, the 1934 Act and other applicable laws and regulations in connection with
the Exchange Offer. The Exchange Offer shall not be subject to any conditions,
other than that the Exchange Offer does not violate applicable law or any
applicable interpretation of the Staff of the SEC or any order of any court of
competent jurisdiction in the United States or Canada. The Company shall inform
the Initial Purchasers of the names and addresses of the Holders to whom the
Exchange Offer is made, and the Initial Purchasers shall have the right,
subject to applicable law, to contact such Holders and otherwise facilitate the
tender of Registrable Securities in the Exchange Offer.

Each Holder participating in the Exchange Offer shall
be required to represent to the Company that at the time of the consummation of
the Exchange Offer (i) any Exchange Securities received by such Holder will be
acquired in the ordinary course of business, (ii) such Holder has no
arrangement or understanding with any person to participate in the distribution
of the Securities or the Exchange Securities within the meaning of the 1933
Act, (iii) such Holder is not an “affiliate,” as defined in Rule 405 of the
1933 Act, of the Company, (iv) such Holder is not engaged in, and does not
intend to engage in, the distribution of the Exchange Securities within the
meaning of the 1933 Act, (v) if such Holder is a broker-dealer, that it will
receive Exchange Securities in exchange for Securities that were acquired for
its own account as a result of market-making activities or other trading
activities and that it will be required to acknowledge that it will deliver a
prospectus meeting the requirements of the 1933 Act in connection with any
resale of such Exchange Securities and (vi) if such Holder is a broker-dealer,
it did not purchase the Securities being tendered in the Exchange Offer
directly from the Company for resale pursuant to Rule 144A under the 1933 Act
or any other available exemption from registration under the 1933 Act.

(b)       In the event that (i) the Company
determines that the Exchange Offer Registration provided for in Section 2(a)
above is not available or may not be consummated as soon as practicable after
the last Exchange Date because it would violate applicable law or the
applicable interpretations of the Staff of the SEC, (ii) the Exchange Offer is
not for any other reason consummated by September 26, 2007 or (iii) the
Exchange Offer has been completed and

 5
 

in the opinion of counsel for the Initial Purchasers a Registration
Statement must be filed and a Prospectus must be delivered by the Initial
Purchasers in connection with any offering or sale of Registrable Securities,
the Company shall use its best efforts to cause to be filed as soon as
practicable after such determination date or notice of such opinion of counsel
is given to the Company, a Shelf Registration Statement providing for the sale
by the Holders of all of the Registrable Securities and to have such Shelf
Registration Statement declared effective by the SEC. In the event the Company
is required to file a Shelf Registration Statement solely as a result of the
matters referred to in clause (iii) of the preceding sentence, the Company
shall use its best efforts to file and have declared effective by the SEC both
an Exchange Offer Registration Statement pursuant to Section 2(a) with respect
to all Registrable Securities and a Shelf Registration Statement (which may be
a combined Registration Statement with the Exchange Offer Registration
Statement) with respect to offers and sales of Registrable Securities held by
the Initial Purchasers after completion of the Exchange Offer. The Company
agrees to use its best efforts to keep the Shelf Registration Statement
continuously effective until the expiration of the period referred to in Rule
144(k) with respect to the Registrable Securities or such shorter period that
will terminate when all of the Registrable Securities covered by the Shelf
Registration Statement have been sold pursuant to the Shelf Registration
Statement. The Company further agrees to supplement or amend the Shelf
Registration Statement if required by the rules, regulations or instructions
applicable to the registration form used by the Company for such Shelf
Registration Statement or by the 1933 Act or by any other rules and regulations
thereunder for shelf registration or if reasonably requested by a Holder with
respect to information relating to such Holder, and to use their best efforts
to cause any such amendment to become effective and such Shelf Registration
Statement to become usable as soon as thereafter practicable. The Company
agrees to furnish to the Holders of Registrable Securities copies of any such
supplement or amendment promptly after its being used or filed with the SEC.

(c)       The Company shall pay all Registration
Expenses in connection with the registration pursuant to Section 2(a) or
Section 2(b). Each Holder shall pay all underwriting discounts and commissions
and transfer taxes, if any, relating to the sale or disposition of such
Holder’s Registrable Securities pursuant to the Shelf Registration Statement.

(d)       An Exchange Offer Registration Statement
pursuant to Section 2(a) hereof or a Shelf Registration Statement pursuant to
Section 2(b) hereof will not be deemed to have become effective unless it has
been declared effective by the SEC; provided, however, that, if,
after it has been declared effective, the offering of Registrable Securities
pursuant to a Shelf Registration Statement is interfered with by any stop
order, injunction or other order or requirement of the SEC or any United States
federal or state, Canadian federal, provincial or territorial, or any other
governmental agency or court, such Registration Statement will be deemed not to
have become effective during the period of such interference until the offering
of Registrable Securities pursuant to such Registration Statement may legally
resume. As provided for in the Indenture, in the event the Exchange Offer is
not consummated and the Shelf Registration Statement is not declared effective
on or prior to September 26, 2007, the interest rate on the Securities will be
increased by 0.5% per annum until the Exchange Offer is consummated or the
Shelf Registration Statement is declared effective by the SEC.

(e)       Without limiting the remedies available
to the Initial Purchasers and the Holders, the Company acknowledges that any
failure by the Company to comply with its

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obligations under Section 2(a) and Section 2(b) hereof may result in
material irreparable injury to the Initial Purchasers or the Holders for which
there is no adequate remedy at law, that it will not be possible to measure
damages for such injuries precisely and that, in the event of any such failure,
the Initial Purchasers or any Holder may obtain such relief as may be required
to specifically enforce the Company’s obligations under Section 2(a) and
Section 2(b) hereof.

3.                          Registration
Procedures.

In connection with the obligations of the Company with
respect to the Registration Statements pursuant to Section 2(a) and Section
2(b) hereof, the Company shall as expeditiously as possible:

(a)       prepare and file with the SEC a
Registration Statement on the appropriate form under the 1933 Act, which form
(x) shall be selected by the Company and (y) shall, in the case of a Shelf
Registration, be available for the sale of the Registrable Securities by the
selling Holders thereof and (z) shall comply as to form in all material
respects with the requirements of the applicable form and include all financial
statements required by the SEC to be filed therewith, and use their best
efforts to cause such Registration Statement to become effective and remain
effective in accordance with Section 2 hereof;

(b)       prepare and file with the SEC such
amendments and post-effective amendments to each Registration Statement as may
be necessary to keep such Registration Statement effective for the applicable
period and cause each Prospectus to be supplemented by any required prospectus
supplement and, as so supplemented, to be filed pursuant to Rule 424 under the
1933 Act; to keep each Prospectus current during the period described under
Section 4(3) and Rule 174 under the 1933 Act that is applicable to transactions
by brokers or dealers with respect to the Registrable Securities or Exchange
Securities;

(c)       in the case of a Shelf Registration,
furnish to each Holder of Registrable Securities, to counsel for the Initial
Purchasers, to counsel for the Holders and to each Underwriter of an
Underwritten Offering of Registrable Securities, if any, without charge, as
many copies of each Prospectus, including each preliminary Prospectus, and any
amendment or supplement thereto, and any Issuer Free Writing Prospectus and
such other documents as such Holder or Underwriter may reasonably request, in
order to facilitate the public sale or other disposition of the Registrable
Securities; and the Company consents to the use of such Prospectus and any
amendment or supplement thereto and any Issuer Free Writing Prospectus in
accordance with applicable law by each of the selling Holders of Registrable
Securities and any such Underwriters in connection with the offering and sale
of the Registrable Securities covered by and in the manner described in such
Prospectus or any amendment or supplement thereto or any Issuer Free Writing
Prospectus in accordance with applicable law;

(d)       use their best efforts to (i) register or
qualify the Registrable Securities under all applicable state securities or
“blue sky” laws of such jurisdictions as any Holder of Registrable Securities
covered by a Registration Statement shall reasonably request in writing by the
time the applicable Registration Statement is declared effective by the SEC,
(ii) cooperate with such Holders in connection with any filings required to be
made with the National Association of Securities Dealers, Inc. and (iii) do any
and all other acts and things which may

 7
 

be reasonably necessary or advisable to enable such Holder to
consummate the disposition in each such jurisdiction of such Registrable
Securities owned by such Holder; provided, however, that the
Company shall not be required to (i) qualify as a foreign corporation or as a
dealer in securities in any jurisdiction where it would not otherwise be
required to qualify but for this Section 3(d), (ii) file any general consent to
service of process in such jurisdiction or (iii) subject itself to taxation in
any such jurisdiction if it is not so subject;

(e)       in the case of a Shelf Registration,
notify each Holder of Registrable Securities, counsel for the Holders and
counsel for the Initial Purchasers promptly and, if requested by any such
Holder or counsel, confirm such advice in writing (i) when a Registration
Statement has become effective and when any post-effective amendment thereto has
been filed and becomes effective or when any Issuer Free Writing Prospectus has
been filed, (ii) of any request by the SEC or any state securities authority
for amendments and supplements to a Registration Statement, Prospectus or
Issuer Free Writing Prospectus or for additional information after the
Registration Statement has become effective, (iii) of the issuance by the SEC
or any state securities authority of any stop order suspending the
effectiveness of a Registration Statement or the initiation of any proceedings
for that purpose, (iv) if, between the effective date of a Registration
Statement and the closing of any sale of Registrable Securities covered
thereby, the representations and warranties of the Company contained in any
underwriting agreement, securities sales agreement or other similar agreement,
if any, relating to the offering cease to be true and correct in all material
respects or if the Company receives any notification with respect to the
suspension of the qualification of the Registrable Securities for sale in any
jurisdiction or the initiation of any proceeding for such purpose, (v) of the
happening of any event during the period a Shelf Registration Statement is
effective which makes any statement made in such Registration Statement or the
related Prospectus untrue in any material respect or which requires the making
of any changes in such Registration Statement or Prospectus in order to make
the statements therein not misleading, (vi) of any determination by the Company
that a post-effective amendment to a Registration Statement would be
appropriate and (vii) when any Issuer Free Writing Prospectus includes
information that may conflict with the information contained in the
Registration Statement;

(f)        make every reasonable effort to obtain
the withdrawal of any order suspending the effectiveness of a Registration
Statement at the earliest possible moment and provide immediate notice to each
Holder of the withdrawal of any such order;

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

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

 8
 

(i)        in the case of a Shelf Registration,
upon the occurrence of any event contemplated by Section 3(e)(v) hereof, use
their best efforts to prepare and file with the SEC a supplement or
post-effective amendment to a Registration Statement or the related Prospectus
or any document incorporated therein by reference or file any other required
document so that, as thereafter delivered to the purchasers of the Registrable
Securities, such Prospectus will not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements therein,
in light of the circumstances under which they were made, not misleading. The
Company agrees to notify the Holders to suspend use of the Prospectus as
promptly as practicable after the occurrence of such an event, and the Holders
hereby agree to suspend use of the Prospectus until the Company has amended or
supplemented the Prospectus to correct such misstatement or omission;

(j)        a reasonable time prior to the filing of
any Registration Statement, any Prospectus, any Issuer Free Writing Prospectus,
any amendment to a Registration Statement or amendment or supplement to a
Prospectus or any document which is to be incorporated by reference into a
Registration Statement or a Prospectus after initial filing of a Registration
Statement, provide copies of such document to the Initial Purchasers and their
counsel (and, in the case of a Shelf Registration Statement, the Holders and
their counsel) and make such of the representatives of the Company as shall be
reasonably requested by the Initial Purchasers or their counsel (and, in the
case of a Shelf Registration Statement, the Holders or their counsel) available
for discussion of such document, and shall not at any time file or make any
amendment to the Registration Statement, any Prospectus, any Issuer Free
Writing Prospectus or any amendment of or supplement to a Registration
Statement or a Prospectus or any document which is to be incorporated by
reference into a Registration Statement or a Prospectus, of which the Initial
Purchasers and their counsel (and, in the case of a Shelf Registration
Statement, the Holders and their counsel) shall not have previously been
advised and furnished a copy or to which the Initial Purchasers or their
counsel (and, in the case of a Shelf Registration Statement, the Holders or
their counsel) shall object;

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

(l)        cause the Indenture to be qualified
under the Trust Indenture Act of 1939, as amended (the “TIA”), in connection with the registration
of the Exchange Securities or Registrable Securities, as the case may be,
cooperate with the Trustee and the Holders to effect such changes to the
Indenture as may be required for the Indenture to be so qualified in accordance
with the terms of the TIA and execute, and use its best efforts to cause the
Trustee to execute, all documents as may be required to effect such changes and
all other forms and documents required to be filed with the SEC to enable the
Indenture to be so qualified in a timely manner;

(m)      in the case of a Shelf Registration, make
available for inspection by a representative of the Holders of the Registrable
Securities, any Underwriter participating in any disposition pursuant to such
Shelf Registration Statement, and attorneys and accountants designated by the
Holders, at reasonable times and in a reasonable manner, all financial and other
records, pertinent documents and properties of the Company, and cause the
respective officers, directors and employees of the Company to supply all
information reasonably requested

 9
 

by any such representative, Underwriter, attorney or accountant in connection
with a Shelf Registration Statement, all in a manner as is necessary and
customary to provide the Holders a due diligence;

(n)       in the case of a Shelf Registration, use
their best efforts to cause all Registrable Securities to be listed on any
securities exchange or any automated quotation system on which similar
securities issued by the Company are then listed if requested by the Majority
Holders, to the extent such Registrable Securities satisfy applicable listing
requirements;

(o)       use their best efforts to cause the
Exchange Securities to continue to be rated by two nationally recognized
statistical rating organizations (as such term is used in Rule 436(g)(2) under
the 1933 Act), if the Registrable Securities have been rated;

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

(q)       in the case of a Shelf Registration, enter
into such customary agreements and take all such other actions in connection
therewith (including those requested by the Holders of a majority of the
Registrable Securities being sold) in order to expedite or facilitate the
disposition of such Registrable Securities including, but not limited to, an
Underwritten Offering and in such connection, (i) to the extent possible, make
such representations and warranties to the Holders and any Underwriters of such
Registrable Securities with respect to the business of the Company and its
subsidiaries, the Registration Statement, Prospectus, any Issuer Free Writing
Prospectus and documents incorporated by reference or deemed incorporated by
reference, if any, in each case, in form, substance and scope as are customarily
made by issuers to underwriters in underwritten offerings and confirm the same
if and when requested, (ii) obtain opinions of counsel to the Company (which
counsel and opinions, in form, scope and substance, shall be reasonably
satisfactory to the Holders and such Underwriters and their respective counsel)
addressed to each selling Holder and Underwriter of Registrable Securities,
covering the matters customarily covered in opinions requested in underwritten
offerings, (iii) obtain “cold comfort” letters from the independent certified
public accountants of the Company (and, if necessary, any other certified
public accountant of any subsidiary of the Company, or of any business acquired
by the Company for which financial statements and financial data are or are
required to be included in the Registration Statement) addressed to each
selling Holder and Underwriter of Registrable Securities, such letters to be in
customary form and covering matters of the type customarily covered in “cold
comfort” letters in connection with underwritten offerings, and (iv) deliver
such documents and certificates as may be reasonably requested by the Holders
of a majority in principal amount of the Registrable Securities being sold or
the Underwriters, and which are customarily delivered in underwritten
offerings, to evidence the continued validity of the representations and
warranties of the Company made pursuant to clause (i) above and to evidence
compliance with any customary conditions contained in an underwriting agreement.

 10
 

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

In the case of a Shelf Registration Statement, each
Holder agrees that, upon receipt of any notice from the Company of the
happening of any event of the kind described in Section 3(e)(v) hereof, such
Holder will forthwith discontinue disposition of Registrable Securities
pursuant to a Registration Statement until such Holder’s receipt of the copies
of the supplemented or amended Prospectus contemplated by Section 3(i) hereof,
and, if so directed by the Company, such Holder will deliver to the Company (at
its expense) all copies in its possession, other than permanent file copies
then in such Holder’s possession, of the Prospectus covering such Registrable
Securities current at the time of receipt of such notice. If the Company shall
give any such notice to suspend the disposition of Registrable Securities
pursuant to a Registration Statement, the Company shall extend the period
during which the Registration Statement shall be maintained effective pursuant
to this Agreement by the number of days during the period from and including
the date of the giving of such notice to and including the date when the
Holders shall have received copies of the supplemented or amended Prospectus
necessary to resume such dispositions. The Company may give any such notice
only twice during any 365 day period and any such suspensions may not exceed 45
days for each suspension and there may not be more than two suspensions in
effect during any 365 day period.

The Holders of Registrable Securities covered by a
Shelf Registration Statement who desire to do so may sell such Registrable
Securities in an Underwritten Offering. In any such Underwritten Offering, the
investment banker or investment bankers and manager or managers (the “Underwriters”) that will administer the
offering will be selected by the Majority Holders of the Registrable Securities
included in such offering.

4.         Participation of Broker-Dealers in Exchange Offer.

(a)       The Staff of the SEC has taken the position
that any broker-dealer that receives Exchange Securities for its own account in
the Exchange Offer in exchange for Securities that were acquired by such
broker-dealer as a result of market-making or other trading activities (a “Participating Broker-Dealer”),  may be deemed to be an “underwriter”
within the meaning of the 1933 Act and must deliver a prospectus meeting the
requirements of the 1933 Act in connection with any resale of such Exchange
Securities.

The Company understands that it is the Staff’s position
that if the Prospectus contained in the Exchange Offer Registration Statement
includes a plan of distribution containing a statement to the above effect and
the means by which Participating Broker-Dealers may resell the Exchange
Securities, without naming the Participating Broker-Dealers or specifying the
amount of Exchange Securities owned by them, such Prospectus may be delivered
by Participating Broker-Dealers to satisfy their prospectus delivery obligation
under the 1933 Act in connection with resales of Exchange Securities for their
own accounts, so long as the Prospectus otherwise meets the requirements of the
1933 Act.

 11

(b)       In light of the above, notwithstanding
the other provisions of this Agreement, the Company agrees that the provisions
of this Agreement as they relate to a Shelf Registration shall also apply to an
Exchange Offer Registration to the extent, and with such reasonable
modifications thereto as may be, reasonably requested by the Initial Purchasers
or by one or more Participating Broker-Dealers, in each case as provided in
clause (ii) below, in order to expedite or facilitate the disposition of any
Exchange Securities by Participating Broker- Dealers consistent with the
positions of the Staff recited in Section 4(a) above; provided that:

(i)        the Company shall not be required to
amend or supplement the Prospectus contained in the Exchange Offer Registration
Statement, as would otherwise be contemplated by Section 3(i), for a period
exceeding 180 days after the last Exchange Date (as such period may be extended
pursuant to the penultimate paragraph of Section 3 of this Agreement) and
Participating Broker-Dealers shall not be authorized by the Company to deliver
and shall not deliver such Prospectus after such period in connection with the
resales contemplated by this Section 4; and

(ii)       the application of the Shelf Registration
procedures set forth in Section 3 of this Agreement to an Exchange Offer
Registration, to the extent not required by the positions of the Staff of the
SEC or the 1933 Act and the rules and regulations thereunder, will be in
conformity with the reasonable request to the Company by the Initial Purchasers
or with the reasonable request in writing to the Company by one or more
broker-dealers who certify to the Initial Purchasers, the Company in writing
that they anticipate that they will be Participating Broker-Dealers; and provided
further that, in connection with such application of the Shelf
Registration procedures set forth in Section 3 to an Exchange Offer
Registration, the Company shall be obligated (x) to deal only with one entity
representing the Participating Broker-Dealers, which shall be Deutsche Bank
Securities Inc. unless it elects not to act as such representative, (y) to pay
the fees and expenses of only one counsel representing the Participating
Broker-Dealers, which shall be counsel to the Initial Purchasers unless such
counsel elects not to so act and (z) to cause to be delivered only one, if any,
“cold comfort” letter with respect to the Prospectus in the form existing on
the last Exchange Date and with respect to each subsequent amendment or
supplement, if any, effected during the period specified in clause (i) above.

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

5.                          Indemnification
and Contribution.

(a)       The Company agrees to indemnify and hold
harmless the Initial Purchasers, each Holder and each Person, if any, who
controls any Initial Purchaser or any Holder within the meaning of either
Section 15 of the 1933 Act or Section 20 of the 1934 Act, or is under common
control with, or is controlled by, any Initial Purchaser or any Holder, from
and against all losses, claims, damages and liabilities (including, without
limitation, any legal or other expenses reasonably incurred by any Initial
Purchaser, any Holder or any such controlling or affiliated Person in
connection with defending or investigating any such action or claim) caused by
any untrue statement or alleged untrue statement of a material fact contained
in any

 12
 

Registration Statement (or any amendment thereto) pursuant to which
Exchange Securities or Registrable Securities were registered under the 1933
Act, including all documents incorporated therein by reference, or caused by
any omission or alleged omission to state therein a material fact required to
be stated therein or necessary to make the statements therein not misleading,
or caused by any untrue statement or alleged untrue statement of a material
fact contained in any Prospectus (as amended or supplemented if the Company
shall have furnished any amendments or supplements thereto) or any Issuer Free
Writing Prospectus, or caused by any omission or alleged omission to state
therein a material fact necessary to make the statements therein in light of
the circumstances under which they were made not misleading, except insofar as
such losses, claims, damages or liabilities are caused by any such untrue
statement or omission or alleged untrue statement or omission based upon
information relating to the Initial Purchasers or any Holder furnished to the
Company in writing through Deutsche Bank Securities Inc. or any selling Holder
expressly for use therein. In connection with any Underwritten Offering
permitted by Section 3, the Company will also indemnify the Underwriters, if
any, selling brokers, dealers and similar securities industry professionals
participating in the distribution, their officers and directors and each Person
who controls such Persons (within the meaning of the 1933 Act and the 1934 Act)
to the same extent as provided above with respect to the indemnification of the
Holders, if requested in connection with any Registration Statement.

(b)       Each Holder agrees, severally and not
jointly, to indemnify and hold harmless the Company, the Initial Purchasers and
the other selling Holders, and each of their respective directors and officers
who sign the Registration Statement and each Person, if any, who controls the
Company, any Initial Purchaser and any other selling Holder within the meaning
of either Section 15 of the 1933 Act or Section 20 of the 1934 Act to the same
extent as the foregoing indemnity from the Company to the Initial Purchasers
and the Holders, but only with reference to information relating to such Holder
furnished to the Company in writing by such Holder expressly for use in any
Registration Statement (or any amendment thereto) or any Prospectus (or any
amendment or supplement thereto) or any Issuer Free Writing Prospectus.

(c)       In case any proceeding (including any
governmental investigation) shall be instituted involving any Person in respect
of which indemnity may be sought pursuant to either paragraph (a) or paragraph
(b) above, such Person (the “indemnified
party”)  shall promptly
notify the Person against whom such indemnity may be sought (the “indemnifying party”) in writing and the
indemnifying party, upon request of the indemnified party, shall retain counsel
reasonably satisfactory to the indemnified party to represent the indemnified
party and any others the indemnifying party may designate in such proceeding
and shall pay the fees and disbursements of such counsel related to such
proceeding. In any such proceeding, any indemnified party shall have the right
to retain its own counsel, but the fees and expenses of such counsel shall be
at the expense of such indemnified party unless (i) the indemnifying party and
the indemnified party shall have mutually agreed to the retention of such
counsel or (ii) the named parties to any such proceeding (including any
impleaded parties) include both the indemnifying party and the indemnified
party and representation of both parties by the same counsel would be
inappropriate due to actual or potential differing interests between them. It
is understood that the indemnifying party shall not, in connection with any
proceeding or related proceedings in the same jurisdiction, be liable for (a)
the fees and expenses of more than one separate firm (in addition to any local
counsel) for the Initial Purchasers and all Persons, if any, who control any
Initial Purchaser within the meaning of either Section 15 of the 1933 Act or

 13
 

Section 20 of the 1934 Act, (b) the fees and expenses of more than one
separate firm (in addition to any local counsel) for the Company, its directors
and officers who sign the Registration Statement and each Person, if any, who
controls the Company within the meaning of either such Section and (c) the fees
and expenses of more than one separate firm (in addition to any local counsel)
for all Holders and all Persons, if any, who control any Holders within the
meaning of either such Section, and that all such fees and expenses shall be
reimbursed as they are incurred. In such case involving the Initial Purchasers
and Persons who control the Initial Purchasers, such firm shall be designated
in writing by Deutsche Bank Securities Inc. In such case involving the Holders
and such Persons who control Holders, such firm shall be designated in writing
by the Majority Holders. In all other cases, such firm shall be designated by
the Company. The indemnifying party shall not be liable for any settlement of
any proceeding effected without its written consent but, if settled with such
consent or if there be a final judgment for the plaintiff, the indemnifying
party agrees to indemnify the indemnified party from and against any loss or
liability by reason of such settlement or judgment. Notwithstanding the
foregoing sentence, if at any time an indemnified party shall have requested an
indemnifying party to reimburse the indemnified party for fees and expenses of
counsel as contemplated by the second and third sentences of this paragraph,
the indemnifying party agrees that it shall be liable for any settlement of any
proceeding effected without its written consent if (i) such settlement is
entered into more than 45 days after receipt by such indemnifying party of the
aforesaid request and (ii) such indemnifying party shall not have reimbursed
the indemnified party for such fees and expenses of counsel in accordance with
such request prior to the date of such settlement. No indemnifying party shall,
without the prior written consent of the indemnified party, effect any
settlement of any pending or threatened proceeding in respect of which such
indemnified party is or could have been a party and indemnity could have been
sought hereunder by such indemnified party, unless such settlement includes an
unconditional release of such indemnified party from all liability on claims
that are the subject matter of such proceeding.

(d)       If the indemnification provided for in
paragraph (a) or paragraph (b) of this Section 5 is unavailable to an
indemnified party or insufficient in respect of any losses, claims, damages or
liabilities, then each indemnifying party under such paragraph, in lieu of
indemnifying such indemnified party thereunder, shall contribute to the amount
paid or payable by such indemnified party as a result of such losses, claims,
damages or liabilities in such proportion as is appropriate to reflect the
relative fault of the indemnifying party or parties on the one hand and of the
indemnified party or parties on the other hand in connection with the
statements or omissions that resulted in such losses, claims, damages or
liabilities, as well as any other relevant equitable considerations. The
relative fault of the Company and the Holders shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Company on the one hand, or by the
Holders on the other hand, and the parties’ relative intent, knowledge, access
to information and opportunity to correct or prevent such statement or
omission. The Holders’ respective obligations to contribute pursuant to this
Section 5(d) are several in proportion to the respective principal amount of
Registrable Securities of such Holder that were registered pursuant to a
Registration Statement.

(e)       The Company and each Holder agree that it
would not be just or equitable if contribution pursuant to this Section 5 were
determined by pro  rata allocation or by any other method of
allocation that does not take account of the equitable considerations referred
to in

 14
 

paragraph (d) above. The amount paid or payable by an indemnified party
as a result of the losses, claims, damages and liabilities referred to in
paragraph (d) above shall be deemed to include, subject to the limitations set
forth above, any legal or other expenses reasonably incurred by such
indemnified party in connection with investigating or defending any such action
or claim. Notwithstanding the provisions of this Section 5, no Holder shall be
required to indemnify or contribute any amount in excess of the amount by which
the total price at which Registrable Securities were sold by such Holder
exceeds the amount of any damages that such Holder has otherwise been required
to pay by reason of such untrue or alleged untrue statement or omission or
alleged omission. No Person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution
from any Person who was not guilty of such fraudulent misrepresentation. The
remedies provided for in this Section 5 are not exclusive and shall not limit
any rights or remedies which may otherwise be available to any indemnified
party at law or in equity.

The indemnity and contribution provisions contained in
this Section 5 shall remain operative and in full force and effect regardless
of (i) any termination of this Agreement, (ii) any investigation made by or on
behalf of the Initial Purchasers, any Holder or any Person controlling the
Initial Purchasers or any Holder, or by or on behalf of the Company, its
officers or directors or any Person controlling the Company, (iii) acceptance
of any of the Exchange Securities and (iv) any sale of Registrable Securities
pursuant to a Shelf Registration Statement.

6.         Miscellaneous.

(a)       No Inconsistent Agreements. The
Company has not entered into, and on or after the date of this Agreement will
not enter into, any agreement which is inconsistent with the rights granted to
the Holders of Registrable Securities in this Agreement or otherwise conflicts
with the provisions hereof. The rights granted to the Holders hereunder do not
in any way conflict with and are not inconsistent with the rights granted to
the holders of the Company’s other issued and outstanding securities under any
such agreements.

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

(c)       Notices. All notices and other
communications provided for or permitted hereunder shall be made in writing by
hand-delivery, registered first-class mail, telex, telecopier, or any courier
guaranteeing overnight delivery (i) if to a Holder, at the most current address
given by such Holder to the Company by means of a notice given in accordance
with the provisions of this Section 6(c), which address initially is, with
respect to the Initial Purchasers, the address set forth in the Purchase
Agreement; and (ii) if to the Company, initially at the Company’s address set
forth in the Purchase Agreement and thereafter at such other address, notice of
which is given in accordance with the provisions of this Section 6(c).

 15
 

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

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

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

(e)       Purchases and Sales of Securities.
The Company shall not, and the Company shall use its best efforts to cause its
affiliates (as defined in Rule 405 under the 1933 Act) not to, purchase and
then resell or otherwise transfer any Securities.

(f)        Third Party Beneficiary. The
Holders shall be third party beneficiaries to the agreements made hereunder
among the Company, on the one hand, and the Initial Purchasers, on the other
hand, and shall have the right to enforce such agreements directly to the
extent it deems such enforcement necessary or advisable to protect its rights
or the rights of Holders hereunder.

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

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

(i)        Governing Law. This Agreement
shall be governed by the laws of the State of New York.

(j)        Severability. In the event that
any one or more of the provisions contained herein, or the application thereof
in any circumstance, is held invalid, illegal or unenforceable,

 16
 

the validity, legality and enforceability of any such provision in
every other respect and of the remaining provisions contained herein shall not
be affected or impaired thereby.

(k)       Agent for Service; Submission to
Jurisdiction; Waiver of Immunities. The Company irrevocably (i) agrees that
any action, suit or proceeding against the Company brought by any Holder,
Initial Purchaser, agent or Underwriter or any person who controls any Initial
Purchaser arising out of, based upon or relating to this Agreement or any of
the transactions contemplated hereby may be instituted in any federal or state
court in New York City, (ii) waives any objection which either may now or
hereafter have to the laying of venue of any such proceeding or to the
convenience of the forum and (iii) submits to the non-exclusive jurisdiction of
any federal or state court in New York City in any such action, suit or
proceeding. The Company represents, warrants and agrees that, prior to the
Closing Date, the Company will have designated and appointed CT Corporation
System as its authorized agent (the “Authorized
Agent,”  which term, as
used herein, includes any successor in such capacity) upon whom process may be
served in any such action, suit or proceeding arising out of, based on or
relating to this Agreement or any of the transactions contemplated hereby which
may be instituted in any federal or state court in New York City by any Holder,
Initial Purchaser, agent or Underwriter or any person who controls any Initial
Purchaser, expressly consent to the jurisdiction of any such court in respect
of any such action, suit or proceeding and waive any other requirements of or
objections to personal jurisdiction with respect thereto. Such appointment
shall be irrevocable. The Company represents, warrants and agrees that, prior
to the Closing Date, the Authorized Agent will have agreed to act as such agent
for service of process and the Company agrees to take any and all action,
including the filing of any and all documents and instruments and the payment of
all fees, that may be necessary to effect and to continue such appointment in
full force and effect as aforesaid for so long as any of the Securities shall
be outstanding and until the principal of, premium, if any, and interest on,
and any and all other amounts payable under or with respect to, this Agreement,
the Securities and the Registration Rights Agreement shall have been paid in
full. The Company agrees that service of process upon the Authorized Agent and
written notice of such service to the Company (mailed or delivered to its
Secretary at the Company’s principal office at Six City Place Drive, Creve
Coeur, Missouri 63141) shall be deemed, in every respect, effective service of
process upon the Company in any such action, suit or proceeding.

[The rest of this page is left intentionally blank]

 17
 

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

	
   

  	
   

  	
   

  
	
  

  	
   

  	
  SMURFIT-STONE CONTAINER ENTERPRISES, 

  INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Jeffrey S. Beyersdorfer

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Jeffrey S. Beyersdorfer

  
	
   

  	
   

  	
   

  	
  Title: Vice President and Teasurer

  

 

	
  Confirmed and accepted as of
  

  the date first above written:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  DEUTSCHE BANK
  SECURITIES INC.

  	
   

  	
   

  
	
  BANC OF AMERICA
  SECURITIES LLC

  	
   

  	
   

  
	
  J.P. MORGAN SECURITIES
  INC.

  	
   

  	
   

  
	
  MERRILL LYNCH,
  PIERCE, FENNER & SMITH INCORPORATED

  	
   

  	
   

  
	
  MORGAN STANLEY
  & CO. INCORPORATED

  	
   

  	
   

  
	
  UBS SECURITIES
  LLC

  	
   

  	
   

  
	
  BNY CAPITAL
  MARKETS, INC.

  	
   

  	
   

  
	
  GOLDMAN, SACHS
  & CO.

  	
   

  	
   

  
	
  SCOTIA CAPITAL
  (USA) INC.

  	
   

  	
   

  
	
  SG AMERICAS
  SECURITIES, LLC

  	
   

  	
   

  
	
  WACHOVIA CAPITAL
  MARKETS, LLC

  	
   

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  DEUTSCHE BANK SECURITIES INC.

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Lex Malas

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Lex Malas

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title: Managing Director

  	
   

  	
   

  	
   

  	
   

  
							

 

	
  By

  	
  /s/ David Crescenzi

  	
   

  
	
   

  	
  Name: David Crescenzi

  	
   

  
	
   

  	
  Title: Director

  	
   

  

 

 18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]