Document:

Registration Rights Agreement, dated January 20, 2005

 Exhibit 4.2 
  

City Telecom (H.K.) Limited 
  
 U.S.$125,000,000 
  
 8.75% Senior Notes Due 2015 
  
 Registration Rights Agreement 
  
 January 20, 2005 
  
 Citigroup Global Markets Limited 
 As Representative of the Initial Purchasers 
 33 Canada Square 
 Canary Wharf 
 London E14 5LB 
 United Kingdom 
  
 Ladies and Gentlemen: 
  
 City Telecom (H.K.) Limited, a corporation organized under the laws of the Hong Kong Special Administrative Region of the People’s Republic of China
(the “Company”), proposes to issue and sell to certain purchasers (the “Initial Purchaser”) U.S.$125,000,000 principal amount of its 8.75% Senior Notes Due 2015 (the “Notes”) to be guaranteed on a senior and unsecured
basis (the “Guarantees” together, with the Notes, the “Securities”) by each of the parties set forth in Schedule I hereto (together, the “Guarantors” and, collectively with the Company, the “Obligors”), upon
the terms set forth in the Purchase Agreement between the Obligors and the Representative dated January 13, 2005 (the “Purchase Agreement”) relating to the initial placement (the “Initial Placement”) of the Securities. To induce
the Initial Purchasers to enter into the Purchase Agreement and to satisfy a condition of our obligations thereunder, each Obligor agrees with you for your benefit and the benefit of the record holders from time to time of the Securities (including
the Initial Purchasers) (each a “Holder” and, collectively, the “Holders”), as follows: 
  

	1.	Definitions. Capitalized terms used herein without definition shall have their respective meanings set forth in the Purchase Agreement. As used in this Registration Rights
Agreement (the “Agreement”), the following capitalized defined terms shall have the following meanings: 

  
 “Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder. 
  
 “Affiliate” shall have the meaning specified in Rule 405 under the
Act and the terms “controlling” and “controlled” shall have meanings correlative thereto. 
  
 “Broker-Dealer” shall mean any broker or dealer registered as such under the Exchange Act. 

 “Business Day” shall mean any day other than a Saturday, a Sunday or a legal holiday or a day
on which banking institutions or trust companies are authorized or obligated by law to close in New York City or Hong Kong. 
  
 “Closing Date” shall mean the date of the original issuance of the Securities. 
  
 “Commission” shall mean the Securities and Exchange Commission. 
  
 “Deferral Period” shall have the meaning indicated in Section
4(k)(ii) hereof. 
  
 “Exchange Act” shall mean the
Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder. 
  
 “Exchange Offer Registration Period” shall mean the 270-day period following the consummation of the Registered Exchange Offer, exclusive of any
period during which any stop order shall be in effect suspending the effectiveness of the Exchange Offer Registration Statement. 
  
 “Exchange Offer Registration Statement” shall mean a registration statement of the Obligors on an appropriate form under the Act with respect to
the Registered Exchange Offer, all amendments and supplements to such registration statement, including post-effective amendments thereto, in each case including the Prospectus contained therein, all exhibits thereto and all material incorporated by
reference therein. 
  
 “Exchanging Dealer” shall mean
any Holder (which may include any Initial Purchaser) that is a Broker-Dealer and elects to exchange for New Securities any Securities that it acquired for its own account as a result of market-making activities or other trading activities (but not
directly from the Company or any Affiliate of the Company) for New Securities. 
  
 “Final Memorandum” shall mean the offering memorandum, dated January 13, 2005 relating to the Securities, including any and all exhibits thereto and any information incorporated by reference therein as of
such date. 
  
 “Holder” shall have the meaning set
forth in the preamble hereto. 
  
 “Indenture” shall
mean the Indenture relating to the Securities, dated as of January 20, 2005, between the Obligors and Deutsche Bank Trust Company Americas, as trustee, as the same may be amended from time to time in accordance with the terms thereof. 
  
 “Initial Placement” shall have the meaning set forth in the
preamble hereto. 
  
 “Initial Purchaser” shall have the
meaning set forth in the preamble hereto. 
  
 “Losses”
shall have the meaning set forth in Section 6(d) hereof. 
  
 “Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of Securities registered under a Registration Statement, from time to time. 
  
 “Managing Underwriters” shall mean the investment banker or investment bankers and manager or managers that shall
administer an underwritten offering. 
  

 2 

 “NASD Rules” shall mean the Conduct Rules and the By-Laws of the National Association of
Securities Dealers, Inc. 
  
 “New Securities” shall
mean debt securities issued as the same continuing debt of the Obligors identical in all material respects to the Securities (except that the transfer restrictions shall be modified or eliminated, as appropriate) to be issued under the
Indenture. 
  
 “Prospectus” shall mean
the prospectus included in any Registration Statement (including, without limitation, a prospectus that discloses information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A under
the Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Securities or the New Securities covered by such Registration Statement, and all amendments and supplements thereto,
including any and all material incorporated by reference therein. 
  
 “Purchase Agreement” shall have the meaning set forth in the preamble hereto. 
  
 “Registered Exchange Offer” shall mean the proposed offer of the Company to issue and deliver to the Holders of the Securities that are not
prohibited by any law or policy of the Commission from participating in such offer, in exchange for the Securities, a like aggregate principal amount of the New Securities. 
  
 “Registrable Securities” shall mean (i) Securities other than those that have been (A) registered under a
Registration Statement and disposed of in accordance therewith or (B) distributed to the public pursuant to Rule 144 under the Act or any successor rule or regulation thereto that may be adopted by the Commission and (ii) any New Securities resale
of which by the Holder thereof requires compliance with the prospectus delivery requirements of the Act. 
  
 “Registration Default Damages” shall have the meaning set forth in Section 8 hereof. 
  
 “Registration Statement” shall mean any Exchange Offer
Registration Statement or Shelf Registration Statement that covers any of the Securities or the New Securities pursuant to the provisions of this Agreement, any 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. 
  
 “Securities” shall have the meaning set forth in the preamble hereto. 
  
 “Shelf Registration” shall mean a registration effected pursuant to Section 3 hereof. 
  
 “Shelf Registration Period” has the meaning set forth in Section
3(b) hereof. 
  
 “Shelf Registration Statement” shall
mean a “shelf” registration statement of the Obligors pursuant to the provisions of Section 3 hereof which covers some or all of the Securities or New Securities, as applicable, on an appropriate form under Rule 415 under the Act, or any
similar rule that may be adopted by the Commission, 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. 
  

 3 

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

  
 “Trust Indenture Act” shall mean the Trust
Indenture Act of 1939, as amended, and the rules and regulations of the Commission promulgated thereunder. 
  
 “underwriter” shall mean any underwriter of Securities in connection with an offering thereof under a Shelf Registration Statement. 

 

	2.	Registered Exchange Offer. 

  

	 	(a)	The Obligors shall prepare and, not later than 60 days following the Closing Date or if such 60th day is not a Business Day, the next succeeding Business Day, shall file with the Commission the Exchange Offer Registration Statement with respect to the Registered Exchange Offer. The Obligors shall
use their reasonable efforts to cause the Exchange Offer Registration Statement to become effective under the Act within 180 days of the Closing Date or if such 180th day is not a Business Day, the next succeeding Business Day. 

  

	 	(b)	Upon the effectiveness of the Exchange Offer Registration Statement, the Obligors shall promptly commence the Registered Exchange Offer, it being the objective of such Registered
Exchange Offer to enable each Holder electing to exchange Securities for New Securities (assuming that such Holder is not an Affiliate of the Company, acquires the New Securities in the ordinary course of such Holder’s business, has no
arrangements with any person to participate in the distribution of the New Securities and is not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer) to trade such New Securities from and after their
receipt without any limitations or restrictions under the Act and without material restrictions under the securities laws of a substantial proportion of the several states of the United States. 

  

	 	(c)	In connection with the Registered Exchange Offer, the Obligors shall: 

  

	 	(i)	mail or electronically transmit to each Holder a copy of the Prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal
and related documents; 

  

	 	(ii)	keep the Registered Exchange Offer open for not less than 30 days after the date notice thereof is mailed to the Holders (or longer if required by applicable law);

  

	 	(iii)	use their reasonable efforts to keep the Exchange Offer Registration Statement continuously effective under the Act, supplemented and amended as required, under the Act to ensure
that it is available for sales of New Securities by Exchanging Dealers during the Exchange Offer Registration Period; 

  

 4 

	 	(iv)	utilize the services of a depositary for the Registered Exchange Offer with an address in the Borough of Manhattan in New York City, which may be the Trustee or its Affiliate;

  

	 	(v)	permit Holders to withdraw tendered Securities at any time prior to the close of business, New York time, on the last Business Day on which the Registered Exchange Offer is open;

  

	 	(vi)	prior to effectiveness of the Exchange Offer Registration Statement, provide a supplemental letter to the Commission (A) stating that the Obligors are conducting the Registered
Exchange Offer in reliance on the position of the Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988) and Morgan Stanley and Co., Inc. (pub. avail. June 5, 1991); and (B) including a representation that the
Obligors have not entered into any arrangement or understanding with any person to distribute the New Securities to be received in the Registered Exchange Offer and that, to the best of the Obligors’ information and belief, each Holder
participating in the Registered Exchange Offer is acquiring the New Securities in the ordinary course of business and has no arrangement or understanding with any person to participate in the distribution of the New Securities; and

  

	 	(vii)	comply in all respects with all applicable laws. 

  

	 	(d)	As soon as practicable after the close of the Registered Exchange Offer, the Obligors shall: 

  

	 	(i)	accept for exchange all Securities validly tendered and not validly withdrawn pursuant to the Registered Exchange Offer; 

  

	 	(ii)	deliver to the Trustee for cancellation in accordance with Section 4(s) all Securities so accepted for exchange; and 

  

	 	(iii)	cause the Trustee promptly to authenticate and deliver to each Holder of Securities a principal amount of New Securities equal to the principal amount of the Securities of such
Holder so accepted for exchange. 

  

	 	(e)	Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder using the Registered Exchange Offer to participate in a distribution of the New Securities (x)
could not under Commission policy as in effect on the date of this Agreement rely on the position of the Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988) and Morgan Stanley and Co., Inc. (pub. avail. June 5,
1991), as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993 and similar no-action letters; and (y) must comply with the registration and prospectus delivery requirements of the Act in connection with any
secondary resale transaction and such transaction must be covered by an effective registration statement containing the selling security holder information required by Item 507 or 508, as applicable, of 

  

 5 

 Regulation S-K under the Act if the resales are of New Securities obtained by such Holder in exchange for
Securities acquired by such Holder directly from the Company or one of its Affiliates. Accordingly, each Holder participating in the Registered Exchange Offer shall be required to represent in writing to the Obligors that, at the time of the
consummation of the Registered Exchange Offer: 
  

	 	(i)	any New Securities received by such Holder will be acquired in the ordinary course of business; 

  

	 	(ii)	such Holder will have no arrangement or understanding with any person to participate in the distribution of the Securities or the New Securities within the meaning of the Act;

  

	 	(iii)	such Holder is not an Affiliate of any Obligor (or if it is, that it will comply with the registration and prospectus delivery requirements of the Act to the extent applicable); and

  

	 	(iv)	if such Holder is not a broker-dealer, that it is not engaged in, and does not intend to engage in, the distribution of the New Securities; and 

  

	 	(v)	if such Holder is a broker-dealer, that it will receive New Securities for its own account in exchange for Securities that were acquired as a result of market-making activities or
other trading activities and that it will deliver a prospectus in connection with any resale of such New Securities. 

  

	 	(f)	If any Initial Purchaser determines that it is not eligible to participate in the Registered Exchange Offer with respect to the exchange of Securities constituting any portion of an
unsold allotment, at the request of such Initial Purchaser, the Obligors shall issue and deliver to such Initial Purchaser or the person purchasing New Securities from such Initial Purchaser, in each case if such New Securities have been registered
under a Shelf Registration Statement as contemplated by Section 3 hereof, in exchange for such Securities, a like principal amount of New Securities. The Obligors shall use their respective reasonable efforts to cause the CUSIP Service Bureau to
issue the same CUSIP number for such New Securities as for New Securities issued pursuant to the Registered Exchange Offer. 

  

	 	(g)	The Indenture will provide that the New Securities shall not be subject to the transfer restrictions set forth in the Indenture and that all the Securities will vote and consent
together on all matters as one class and that none of the Securities shall have the right to vote or consent as a class separate from one another on any matter. 

  
 Interest on each New Security issued pursuant to the Registered Exchange Offer will accrue from the last interest payment
date on which interest was paid on the Notes surrendered in exchange therefor, or, if no interest has been paid on the Notes from the date of the original issuance of the Notes. 
  

 6 

	3.	Shelf Registration. 

  

	 	(a)	If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Company determines upon advice of its outside counsel that it is not
permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not consummated within 210 days of the date hereof; (iii) any Initial Purchaser so requests with
respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser)
notifies the Company in writing that it is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section
2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a
Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall not result in such New Securities being not “freely
tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities
or other trading activities shall not result in such New Securities being not “freely tradeable”), the Obligors shall effect a Shelf Registration Statement in accordance with subsection (b) below. 

  

	 	(b)    (i)	The Obligors shall as promptly as practicable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter
shall use their reasonable efforts to cause to be declared effective under the Act within 180 days after so required or requested, a Shelf Registration Statement relating to the offer and sale of the Securities or the New Securities, as applicable,
by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled
to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New
Securities received by an Initial Purchaser in exchange for Securities constituting any portion of an unsold allotment, the Obligors may, if permitted by current interpretations by the Commission’s staff, file a post-effective amendment to the
Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K, as applicable, in satisfaction of their obligations under this subsection with respect thereto, and any such Exchange Offer

  

 7 

 Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions
herein applicable to, a Shelf Registration Statement. 
  

	 	(ii)	The Obligors shall use their reasonable efforts to keep the Shelf Registration Statement continuously effective, supplemented and amended as required by the Act, in order to permit
the Prospectus forming part thereof to be usable by Holders for a period (the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until (A) the second anniversary thereof or
(B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement (i) have been sold pursuant to the Shelf Registration Statement or (ii) are eligible for resale under Rule 144(k). The Obligors
shall be deemed not to have used their reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if they voluntarily take any action that would result in Holders of Securities covered thereby not
being able to offer and sell such Securities at any time during the Shelf Registration Period, unless such action is (x) required by applicable law or otherwise undertaken by the Obligors in good faith and for valid business reasons (not including
avoidance of the Obligors’ obligations hereunder), including the acquisition or divestiture of assets, and (y) permitted pursuant to Section 4(k)(ii) hereof. 

  

	 	(iii)	The Obligors shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration
Statement or such amendment or supplement, (A) to comply as to form in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading. 

  

	4.	Additional Registration Procedures. In connection with any Shelf Registration Statement and, to the extent applicable, any Exchange Offer Registration Statement, the
following provisions shall apply. 

  

	 	(a)	The Obligors shall: 

  

	 	(i)	furnish to you not less than 5 Business Days prior to the filing thereof with the Commission, a copy of any Exchange Offer Registration Statement and any Shelf Registration
Statement, and each amendment thereof and each amendment or supplement, if any, to the Prospectus included therein (including, upon request, all documents incorporated by reference therein after the initial filing) and shall use their reasonable
efforts to reflect in each such document, when so filed with the Commission, such comments as you reasonably propose; 

  

 8 

	 	(ii)	include the information set forth in Annex A hereto on the facing page of the Exchange Offer Registration Statement, in Annex B hereto in the forepart of the Exchange Offer
Registration Statement in a section setting forth details of the Exchange Offer, in Annex C hereto in the underwriting or plan of distribution section of the Prospectus contained in the Exchange Offer Registration Statement, and in Annex D hereto in
the letter of transmittal delivered pursuant to the Registered Exchange Offer; 

  

	 	(iii)	if requested by an Initial Purchaser, include the information required by Item 507 or 508 of Regulation S-K, as applicable, in the Prospectus contained in the Exchange Offer
Registration Statement; and 

  

	 	(iv)	in the case of a Shelf Registration Statement, include the names of the Holders that propose to sell Securities pursuant to the Shelf Registration Statement as selling security
holders. 

  

	 	(b)	The Obligors shall use their reasonable efforts to ensure that: 

  

	 	(i)	any Registration Statement and any amendment thereto and any Prospectus forming part thereof and any amendment or supplement thereto complies as to form in all material respects
with the Act; and 

  

	 	(ii)	any Registration Statement and any amendment thereto does not, when it becomes effective, 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. 

  

	 	(c)	The Obligors shall advise you, the Holders of Securities covered by any Shelf Registration Statement that have individually indicated that they wish to be so advised and any
Exchanging Dealer under any Exchange Offer Registration Statement that has provided in writing to the Obligors a telephone or facsimile number and address for notices, and, if requested by you or any such Holder or Exchanging Dealer, shall confirm
such advice in writing (which notice pursuant to clauses (ii) through (v) hereof shall be accompanied by an instruction to suspend the use of the Prospectus until the Obligors shall have remedied the basis for such suspension):

  

	 	(i)	when the Registration Statement and any amendment thereto has been filed with the Commission and when the Registration Statement or any post-effective amendment thereto has become
effective; 

  

	 	(ii)	of any request by the Commission for any amendment or supplement to the Registration Statement or the Prospectus or for additional information; 

  

 9 

	 	(iii)	of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceeding for that purpose;

  

	 	(iv)	of the receipt by any Obligor of any notification with respect to the suspension of the qualification of the securities included therein for sale in any jurisdiction or the
initiation of any proceeding for such purpose; and 

  

	 	(v)	of the happening of any event that requires any change in the Registration Statement or the Prospectus so that, as of such date, they (A) do not contain any untrue statement of a
material fact and (B) do not omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.

  

	 	(d)	The Obligors shall use their reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of any Registration Statement, or the qualification of the
securities therein for sale in any jurisdiction as may be reasonably required by any Holder at the earliest possible time. 

  

	 	(e)	The Obligors shall furnish to each Holder of Securities covered by any Shelf Registration Statement that so requests, without charge, at least one copy of such Shelf Registration
Statement and any post-effective amendment thereto, including all material incorporated therein by reference, and, if the Holder has so requested in writing, all exhibits thereto (including exhibits incorporated by reference therein).

  

	 	(f)	The Obligors shall, during the Shelf Registration Period, deliver to each Holder of Securities covered by any Shelf Registration Statement, without charge, as many copies of the
Prospectus (including the Preliminary Prospectus) included in such Shelf Registration Statement and any amendment or supplement thereto as such Holder may reasonably request. Each Obligor consents to the use of the Prospectus or any amendment or
supplement thereto by each of the selling Holders of securities in connection with the offering and sale of the securities covered by the Prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement for the Shelf
Registration Period. 

  

	 	(g)	The Obligors shall furnish to each Exchanging Dealer which so requests, without charge, at least one copy of the Exchange Offer Registration Statement and any post-effective
amendment thereto, including all material incorporated by reference therein, and, if the Exchanging Dealer has so requested in writing, all exhibits thereto (including exhibits incorporated by reference therein). 

  

	 	(h)	The Obligors shall promptly deliver to each Initial Purchaser, each Exchanging Dealer and each other Person required to deliver a Prospectus during the Exchange Offer Registration
Period, without charge, as many copies of the Prospectus included in such Exchange Offer Registration Statement and any 

  

 10 

 amendment or supplement thereto as any such Person may reasonably request. Each Obligor consents to the
use of the Prospectus or any amendment or supplement thereto by any Initial Purchaser, any Exchanging Dealer and any such other Person that may be required to deliver a Prospectus following the Registered Exchange Offer in connection with the
offering and sale of the New Securities covered by the Prospectus, or any amendment or supplement thereto, included in the Exchange Offer Registration Statement for the Exchange Offer Registration Period. 
  

	 	(i)	Prior to the Registered Exchange Offer or any other offering of Securities or New Securities pursuant to any Registration Statement, the Obligors shall arrange, if necessary, for
the qualification of the Securities or the New Securities for sale under the laws of such jurisdictions as any Holder shall reasonably request in writing to the Company to maintain such qualification in effect so long as reasonably required;
provided that in no event shall any Obligor be obligated to qualify to do business in any jurisdiction where it is not then so qualified or to take any action that would subject it to service of process in suits, other than those arising out of the
Initial Placement, the Registered Exchange Offer or any offering pursuant to a Shelf Registration Statement to the extent applicable, or to taxation, in any such jurisdiction where it is not then so subject. 

  

	 	(j)	The Obligors shall cooperate with the Holders of Securities to facilitate the timely preparation and delivery of certificates representing New Securities or Securities to be issued
or sold pursuant to any Registration Statement free of any restrictive legends and in such denominations and registered in such names as Holders may request in a reasonable period of time prior to sales of the Securities or New Securities pursuant
to the Registration Statement. 

  

	 	(k)    (i)	Upon the occurrence of any event contemplated by subsections (c)(ii) through (v) above, the Obligors shall promptly (or within the time period provided for by clause (ii) hereof, if
applicable) prepare a post-effective amendment to the applicable Registration Statement or an amendment or supplement to the related Prospectus or file any other required document so that, as thereafter delivered to initial purchasers of the
securities included therein, the Prospectus will not include an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading. In such circumstances, the period of effectiveness of the Exchange Offer Registration Statement provided for in Section 2 shall be extended by the number of days from and including the date of the giving of a
notice of suspension pursuant to Section 4(c) to and including the date when the Initial Purchasers, the Holders of the Securities and any known Exchanging Dealer shall have received such amended or supplemented Prospectus pursuant to this Section.

  

 11 

	 	(ii)	Upon the occurrence or existence of any pending corporate development or any other material event that, in the reasonable judgment of the Obligors, makes it appropriate to suspend
the availability of a Shelf Registration Statement and the related Prospectus, the Obligors shall give notice (without notice of the nature or details of such events) to the Holders that the availability of the Shelf Registration is suspended and,
upon actual receipt of any such notice, each Holder agrees not to sell any Registrable Securities pursuant to the Shelf Registration until such Holder’s receipt of copies of the supplemented or amended Prospectus provided for in Section 3(i)
hereof, or until it is advised in writing by the Obligors that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The period
during which the availability of the Shelf Registration and any Prospectus is suspended (the “Deferral Period”) shall not exceed 45 days in any three-month period or 90 days in any twelve-month period. 

  

	 	(l)	Not later than the effective date of any Registration Statement, the Obligors shall provide a CUSIP number for the Securities or the New Securities, as the case may be, registered
under such Registration Statement and provide the Trustee with printed certificates for such Securities or New Securities, in a form eligible for deposit with The Depository Trust Company. 

  

	 	(m)	The Obligors shall comply with all applicable rules and regulations of the Commission to the extent and so long as they are applicable to the Registered Exchange Offer and the Shelf
Registration and shall make generally available to its security holders an earnings statement satisfying the provisions of Section 11(a) of the Act as soon as practicable after the effective date of the applicable Registration Statement and in any
event no later than 45 days after the end of a 12-month period (or 90 days, if such period is a fiscal year) beginning with the first month of the Company’s first fiscal quarter commencing after the effective date of the applicable Registration
Statement. 

  

	 	(n)	The Obligors shall cause the Indenture to be qualified under the Trust Indenture Act in a timely manner. 

  

	 	(o)	The Obligors may require each Holder of Securities or New Securities to be sold pursuant to any Shelf Registration Statement to furnish to the Obligors such information regarding
the Holder and the distribution of such Securities or New Securities as the Obligors may from time to time reasonably require for inclusion in such Registration Statement. The Obligors may exclude from such Shelf Registration Statement the
Securities or New Securities of any Holder that unreasonably fails to furnish such information within a reasonable time after receiving such request. 

  

	 	(p)	 In the case of any Shelf Registration Statement, the Obligors shall enter into customary agreements (including, if requested, an underwriting agreement in 

  

 12 

	 	 
customary form) and take all other appropriate actions in order to expedite or facilitate the registration or the disposition of the Securities, and in
connection therewith, if an underwriting agreement is entered into, cause the same to contain indemnification provisions and procedures no less favorable than those set forth in Section 6 hereof. 

  

	 	(q)	In the case of any Shelf Registration Statement, the Obligors shall: 

  

	 	(i)	make reasonably available for inspection by the Holders of Securities to be registered thereunder, any underwriter participating in any disposition pursuant to such Registration
Statement, and any attorney, accountant or other agent retained by the Holders or any such underwriter all relevant financial and other records and pertinent corporate documents of the Company and its subsidiaries; 

  

	 	(ii)	cause the Company’s officers, directors, employees, accountants and auditors to supply all relevant information reasonably requested by the Holders or any such underwriter,
attorney, accountant or agent in connection with any such Registration Statement as is customary for similar due diligence examinations provided, however, that (i) the foregoing inspection and information gathering shall be coordinated on behalf of
all parties by one counsel designated by the Majority Holders and (ii) each Holder and any underwriter, attorney, accountant or agent conducting an inspection under this section will be required to agree that, subject to applicable law, regulations
and rules, information obtained by it as a result of such inspections will be deemed confidential and will not be disclosed by it or used by it as the basis for any transaction in any securities of the Company unless and until such information is
generally available to the public; 

  

	 	(iii)	make such representations and warranties to the Holders of Securities registered thereunder and the underwriters, if any, in form, substance and scope as are customarily made by
issuers to underwriters in primary underwritten offerings and covering matters including, but not limited to, those set forth in the Purchase Agreement; 

  

	 	(iv)	obtain opinions of counsel to the Obligors and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the Managing
Underwriters, if any) addressed to each selling Holder and the underwriters, if any, covering such matters as are customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by such
Holders and underwriters, if any; 

  

	 	(v)	obtain “comfort” letters and updates thereof from the independent certified public accountants of the Company (and, if necessary, any other independent certified public
accountants 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, 

  

 13 

 included in the Registration Statement), addressed to each selling Holder of Securities registered
thereunder and the underwriters, if any, in customary form and covering matters of the type customarily covered in “comfort” letters in connection with primary underwritten offerings, provided that each such Holder and underwriter makes
such representations as may be required for such independent certified public accountants to deliver such letters; and 
  

	 	(vi)	deliver such documents and certificates as may be reasonably requested by the Majority Holders or the Managing Underwriters, if any, including those to evidence compliance with
Section 4(k) and with any customary conditions contained in the underwriting agreement or other agreement entered into by the Obligors. 

  
 The actions set forth in clauses (iii), (iv), (v) and (vi) of this paragraph (q) shall be performed at (A) the effectiveness of such Registration
Statement and each post-effective amendment thereto; and (B) each closing under any underwriting or similar agreement as and to the extent required thereunder. 
  

	 	(r)	In the case of any Exchange Offer Registration Statement, the Obligors shall, if requested by an Initial Purchaser, or by a broker dealer that holds Securities that were acquired as
a result of market making or other trading activities: 

  

	 	(i)	make reasonably available for inspection by the requesting party, and any attorney, accountant or other agent retained by the requesting party, all relevant financial and other
records, pertinent corporate documents and properties of the Company and its subsidiaries; 

  

	 	(ii)	cause the Company’s officers, directors, employees, accountants and auditors to supply all relevant information reasonably requested by the requesting party or any such
attorney, accountant or agent in connection with any such Registration Statement as is customary for similar due diligence examinations provided, however, that (i) the foregoing inspection and information gathering shall be coordinated on behalf of
all parties by one counsel designated by the Majority Holders and (ii) each Holder and any underwriter, attorney, accountant or agent conducting an inspection under this section will be required to agree that, subject to applicable law, regulations
and rules, information obtained by it as a result of such inspections will be deemed confidential and will not be disclosed by it or used by it as the basis for any transaction in any securities of the Company unless and until such information is
generally available to the public; 

  

	 	(iii)	make such representations and warranties to the requesting party, in form, substance and scope as are customarily made by issuers to underwriters in primary underwritten offerings
and covering matters including, but not limited to, those set forth in the Purchase Agreement; 

  

 14 

	 	(iv)	obtain opinions of counsel to the Obligors and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the requesting party
and its counsel, addressed to the requesting party, covering such matters as are customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by the requesting party or its counsel;

  

	 	(v)	obtain “comfort” letters and updates thereof from the independent certified public accountants of the Company (and, if necessary, any other independent certified public
accountants 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 the requesting party, in
customary form and covering matters of the type customarily covered in “comfort” letters in connection with primary underwritten offerings, or if requested by the requesting party or its counsel in lieu of a “comfort” letter, an
agreed-upon procedures letter under Statement on Auditing Standards No. 35, covering matters requested by the requesting party or its counsel; and 

  

	 	(vi)	deliver such documents and certificates as may be reasonably requested by the requesting party or its counsel, including those to evidence compliance with Section 4(k) and with
conditions customarily contained in underwriting agreements. 

  
 The foregoing actions set forth in clauses (iii), (iv), (v), and (vi) of this Section shall be performed at the close of the Registered Exchange Offer and the effective date of any post-effective amendment to the
Exchange Offer Registration Statement. 
  

	 	(s)	If a Registered Exchange Offer is to be consummated, upon delivery of the Securities by Holders to the Company (or to such other Person as directed by the Company) in exchange for
the New Securities, the Obligors shall mark, or caused to be marked, on the Securities so exchanged that such Securities are being cancelled in exchange for the New Securities. In no event shall the Securities be marked as paid or otherwise
satisfied. 

  

	 	(t)	The Obligors shall use their reasonable efforts if the Securities have been rated prior to the initial sale of such Securities, to confirm such ratings will apply to the Securities
or the New Securities, as the case may be, covered by a Registration Statement. 

  

	 	(u)	In connection with any Shelf Registration Statement, in the event that any Broker-Dealer shall underwrite any Securities or participate as a member of an underwriting syndicate or
selling group or “assist in the distribution” (within the meaning of the NASD Rules) thereof, whether as a Holder of such Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or otherwise,
the Obligors shall assist such Broker-Dealer in complying with the NASD Rules. 

  

 15 

	 	(v)	The Obligors shall use their reasonable efforts to take all other steps necessary to effect the registration of the Securities or the New Securities, as the case may be, covered by
a Registration Statement. 

  

	5.	Registration Expenses. The Obligors shall bear all expenses incurred in connection with the performance of its obligations under Sections 2, 3 and 4 hereof (other than any
underwriting discounts and commissions and transfer taxes, if any, related to the sale or disposition of the Securities pursuant to any underwritten offering pursuant to a Shelf Registration Statement, which shall be at the expense of the Holders)
and, in the event of any Shelf Registration Statement, will reimburse the Holders for the reasonable fees and disbursements of one firm or counsel (which shall initially be Clifford Chance Limited Liability Partnership, but which may be another
internationally recognized law firm experienced in securities matters designated by the Majority Holders) to act as counsel for the Holders in connection therewith, and, in the case of any Exchange Offer Registration Statement, will reimburse the
Initial Purchasers for the reasonable fees and disbursements of not more than one counsel acting in connection therewith. 

  

	6.	Indemnification and Contribution. 

  

	 	(a)	 Each Obligor agrees, jointly and severally, to indemnify and hold harmless each Holder of Securities or New Securities, as the case may be, covered by any
Registration Statement, each Initial Purchaser and, with respect to any Prospectus delivery as contemplated in Section 4(h) hereof, each Exchanging Dealer, the directors, officers, employees, Affiliates and agents of each such Holder, Initial
Purchaser or Exchanging Dealer and each person who controls any such Holder, Initial Purchaser or Exchanging Dealer within the meaning of either the Act or the Exchange Act against any and all losses, claims, damages or liabilities, joint or
several, to which they or any of them may become subject under the Act, the Exchange Act or other federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement as originally filed or in any amendment thereof, or in any preliminary Prospectus or the Prospectus,
or in any amendment thereof 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 (in the case of any
preliminary Prospectus or the Prospectus, in the light of the circumstances under which they were made) not misleading, and agrees to reimburse each such indemnified party, as incurred, for any legal or other expenses reasonably incurred by it in
connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that (i) the Obligors will not be liable in any such case to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or alleged untrue statement or omission or alleged omission made therein in reliance upon and in conformity 

  

 16 

	 	 
with written information furnished to the Obligors by or on behalf of the party claiming indemnification specifically for inclusion therein. This indemnity
agreement will be in addition to any liability that the Obligors may otherwise have. 

  
 Each Obligor also agrees, jointly and severally, to indemnify as provided in this Section 6(a) or contribute as provided in Section 6(d) hereof to Losses
of each underwriter, if any, of Securities or New Securities, as the case may be, registered under a Shelf Registration Statement, their directors, officers, employees, Affiliates or agents and each person who controls (within the meaning of the Act
or the Exchange Act) such underwriter on substantially the same basis as that of the indemnification of the Initial Purchasers and the selling Holders provided in this Section 6(a) and shall, if requested by any Holder, enter into an underwriting
agreement reflecting such agreement, as provided in Section 4(p) hereof. 
  

	 	(b)	Each Holder of securities covered by a Registration Statement (including each Initial Purchaser that is a Holder, in such capacity) severally and not jointly agrees to indemnify and
hold harmless each Obligor, each of its directors, each of its officers who signs such Registration Statement and each person who controls such Obligors within the meaning of either the Act or the Exchange Act, to the same extent as the foregoing
indemnity from each Obligor to each such Holder, but only with reference to written information relating to such Holder furnished to the Obligors by or on behalf of such Holder specifically for inclusion in the documents referred to in the foregoing
indemnity. This indemnity agreement will be in addition to any liability that any such Holder may otherwise have. 

  

	 	(c)	 Promptly after receipt by an indemnified party under this Section 6 or notice of the commencement of any action, such indemnified party will, if a claim in respect
thereof is to be made against the indemnifying party under this Section, notify the indemnifying party in writing of the commencement thereof; but the failure so to notify the indemnifying party (i) will not relieve it from liability under paragraph
(a) or (b) above unless and to the extent it did not otherwise learn of such action and such failure results in the forfeiture by the indemnifying party of substantial rights and defenses; and (ii) will not, in any event, relieve the indemnifying
party from any obligations to any indemnified party other than the indemnification obligation provided in paragraph (a) or (b) above. The indemnifying party shall be entitled to appoint counsel (including local counsel) of the indemnifying
party’s choice at the indemnifying party’s expense to represent the indemnified party in any action for which indemnification is sought (in which case the indemnifying party shall not thereafter be responsible for the fees and expenses of
any separate counsel, other than local counsel if not appointed by the indemnifying party, retained by the indemnified party or parties except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to the
indemnified party. Notwithstanding the indemnifying party’s election to appoint counsel (including local counsel) to represent the indemnified party in an action, the indemnified 

  

 17 

	 	 
party shall have the right to employ separate counsel (including local counsel), and the indemnifying party shall bear the reasonable fees, costs and
expenses of such separate counsel if (i) the use of counsel chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any
such action include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that there may be legal defenses available to it and/or other indemnified parties that are different from or
additional to those available to the indemnifying party; (iii) the indemnifying party shall not have employed counsel satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of the institution
of such action; or (iv) the indemnifying party shall authorize the indemnified party in writing to employ separate counsel at the expense of the indemnifying party. An indemnifying party will not, without the prior written consent of the indemnified
parties, settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the
indemnified parties are actual or potential parties to such claim or action) unless such settlement, compromise or consent includes an unconditional release of each indemnified party from all liability arising out of such claim, action, suit or
proceeding. 

  

	 	(d)	 In the event that the indemnity provided in paragraph (a) or (b) of this Section is unavailable to or insufficient to hold harmless an indemnified party for any
reason, then each applicable indemnifying party shall have a joint and several obligation to contribute to the aggregate losses, claims, damages and liabilities (including legal or other expenses reasonably incurred in connection with investigating
or defending any loss, claim, liability, damage or action) (collectively “Losses”) to which such indemnified party may be subject in such proportion as is appropriate to reflect the relative benefits received by such indemnifying party, on
the one hand, and such indemnified party, on the other hand, from the Initial Placement and the Registration Statement which resulted in such Losses; provided, however, that in no case shall any Initial Purchaser be responsible, in the
aggregate, for any amount in excess of the purchase discount or commission applicable to such Security, or in the case of a New Security, applicable to the Security that was exchangeable into such New Security, as set forth in the Final Memorandum,
nor shall any underwriter be responsible for any amount in excess of the underwriting discount or commission applicable to the securities purchased by such underwriter under the Registration Statement which resulted in such Losses. If the allocation
provided by the immediately preceding sentence is unavailable for any reason, the indemnifying party and the indemnified party shall contribute in such proportion as is appropriate to reflect not only such relative benefits but also the relative
fault of such indemnifying party, on the one hand, and such indemnified party, on the other hand, in connection with the statements or omissions which resulted in such Losses as well as any other relevant equitable considerations. Benefits received
by the Obligors shall be deemed to be equal to the total net proceeds from the 

  

 18 

	 	 
Initial Placement (before deducting expenses) as set forth in the Final Memorandum. Benefits received by the Initial Purchasers shall be deemed to be equal
to the total purchase discounts and commissions as set forth in the Final Memorandum, and benefits received by any other Holders shall be deemed to be equal to the proceeds received from the sale of the Securities or New Securities, as applicable,
registered under the Act. Benefits received by any underwriter shall be deemed to be equal to the total underwriting discounts and commissions, as set forth on the cover page of the Prospectus forming a part of the Registration Statement which
resulted in such Losses. Relative fault shall be determined by reference to, among other things, whether any untrue or any alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information
provided by the indemnifying party, on the one hand, or by the indemnified party, on the other hand, the intent of the parties and their relative knowledge, access to information and opportunity to correct or prevent such untrue statement or
omission. The parties agree that it would not be just and equitable if contribution were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or any other method of allocation which does not take
account of the equitable considerations referred to above. Notwithstanding the provisions of this paragraph (d), no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from
any person who was not guilty of such fraudulent misrepresentation. For purposes of this Section, each person who controls a Holder within the meaning of either the Act or the Exchange Act and each director, officer, employee and agent of such
Holder shall have the same rights to contribution as such Holder, and each person who controls an Obligor within the meaning of either the Act or the Exchange Act, each officer of an Obligor who shall have signed the Registration Statement and each
director of an Obligor shall have the same rights to contribution as the Obligors, subject in each case to the applicable terms and conditions of this paragraph (d). 

  

	 	(e)	The provisions of this Section will remain in full force and effect, regardless of any investigation made by or on behalf of any Holder or the Obligors or any of the indemnified
persons referred to in this Section 6, and will survive the sale by a Holder of securities covered by a Registration Statement. 

  

	7.	Underwritten Registrations. 

  

	 	(a)	If any of the Securities or New Securities, as the case may be, covered by any Shelf Registration Statement are to be sold in an underwritten offering, the Managing Underwriters
shall be selected by the Majority Holders. 

  

	 	(b)	No person may participate in any underwritten offering pursuant to any Shelf Registration Statement, unless such person (i) agrees to sell such person’s Securities or New
Securities, as the case may be, on the basis reasonably 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. 

  

 19 

	8.	Registration Defaults. If any of the following events shall occur, then the Obligors shall pay, jointly and severally, liquidated damages (the “Registration Default
Damages”) to the Holders of Securities in respect of the Securities as follows: 

  

	 	(a)	if any Registration Statement required by this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, then Registration
Default Damages shall accrue on the Registrable Securities at a rate of 0.25% per annum for the first 90 days from and including such specified date and 0.50% per annum thereafter; or 

  

	 	(b)	if any Registration Statement required by this Agreement is not declared effective by the Commission on or prior to the date by which reasonable efforts are to be used to cause such
effectiveness under this Agreement, then commencing on the day after such specified date, Registration Default Damages shall accrue on the Registrable Securities at a rate of 0.25% per annum for the first 90 days from and including such specified
date and 0.50% per annum thereafter; 

  

	 	(c)	if the Registered Exchange Offer is not consummated within 210 days of the date hereof; 

  

	 	(d)	if any Registration Statement required by this Agreement has been declared effective but ceases to be effective at any time at which it is required to be effective under this
Agreement, then commencing on the day the Registration Statement ceases to be effective, Registration Default Damages shall accrue on the Registrable Securities at a rate of 0.25% per annum for the first 90 days from and including such date on which
the Registration Statement ceases to be effective and 0.50% per annum thereafter; 

  
 provided, however, that (1) upon the filing of the Registration Statement (in the case of paragraph (a) above), (2) upon the effectiveness
of the Registration Statement (in the case of paragraph (b) above), or (3) upon the effectiveness of the Registration Statement which had ceased to remain effective (in the case of paragraph (c) above), Registration Default Damages shall cease to
accrue. 
  

	9.	No Inconsistent Agreements. Each Obligor have not entered into, and agrees not to enter into, any agreement with respect to its securities that is inconsistent with the
rights granted to the Holders herein or that otherwise conflicts with the provisions hereof. 

  

	10.	 Amendments and Waivers. The provisions of this Agreement may not be amended, qualified, 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 the Holders of a majority of the aggregate principal amount of the Registrable Securities outstanding; provided that, with respect to any matter
that directly or indirectly affects the rights of any Initial Purchaser hereunder, the Company shall obtain the written consent of each such Initial Purchaser against which such 

  

 20 

	 	 
amendment, qualification, supplement, waiver or consent is to be effective; provided, further, that no amendment, qualification, supplement,
waiver or consent with respect to Section 8 hereof shall be effective as against any Holder of Registered Securities unless consented to in writing by such Holder; and provided, further, that the provisions of this Section 10 may not
be amended, qualified, 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 the Initial Purchasers and each Holder. Notwithstanding the
foregoing (except the foregoing provisos), a waiver or consent to departure from the provisions hereof with respect to a matter that relates exclusively to the rights of Holders whose Securities or New Securities, as the case may be, are being sold
pursuant to a Registration Statement and that does not directly or indirectly affect the rights of other Holders may be given by the Majority Holders, determined on the basis of Securities or New Securities, as the case may be, being sold rather
than registered under such Registration Statement. 

  

	11.	Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, first-class mail, telex, telecopier or air
courier guaranteeing overnight delivery: 

  

	 	(a)	if to a Holder, at the most current address given by such holder to the Company in accordance with the provisions of this Section 11, which address initially is, with respect to
each Holder, the address of such Holder maintained by the Registrar under the Indenture; 

  

	 	(b)	if to you, initially at the address set forth in the Purchase Agreement; and 

  

	 	(c)	if to the Obligors, initially at the Company’s address set forth in the Purchase Agreement. 

  
 All such notices and communications shall be deemed to have been duly given when received. 
  
 The Initial Purchasers or the Obligors by notice to the other parties may
designate additional or different addresses for subsequent notices or communications. 
  

	12.	Successors. This Agreement shall inure to the benefit of and be binding upon the parties hereto, their respective successors and assigns, including, without the need for an
express assignment or any consent by the Obligors thereto, subsequent Holders of Securities and the New Securities, and the indemnified persons referred to in Section 6 hereof. Each Obligor hereby agrees to extend the benefits of this Agreement to
any Holder of Securities and the New Securities, and any such Holder may specifically enforce the provisions of this Agreement as if an original party hereto. 

  

	13.	 Jurisdiction. Each Obligor agrees that any suit, action or proceeding against such Obligor brought by any Holder or Initial Purchaser, the directors,
officers, employees, Affiliates and agents of any Holder or Initial Purchaser, or by any person who controls any Holder or Initial Purchaser, arising out of or based upon this Agreement or the transactions contemplated hereby may be instituted in
any State or U.S. federal court in The City of New York and County of New York, and waives any objection which it 

  

 21 

	 	 
may now or hereafter have to the laying of venue of any such proceeding, and irrevocably submits to the non-exclusive jurisdiction of such courts in any
suit, action or proceeding. Each Obligor hereby appoints CT Corporation System, 111 Eighth Avenue, New York, 10011, (and any successor entity) as its authorized agent (the “Authorized Agent”) upon whom process may be served in any suit,
action or proceeding arising out of or based upon this Agreement or the transactions contemplated herein which may be instituted in any State or U.S. federal court in The City of New York and County of New York, by any Holder or Initial Purchaser,
the directors, officers, employees, Affiliates and agents of any Holder or Initial Purchaser, or by any person who controls any Holder or Initial Purchaser, and expressly accepts the non-exclusive jurisdiction of any such court in respect of any
such suit, action or proceeding. Each Obligor hereby represents and warrants that the Authorized Agent has accepted such appointment and has agreed to act as said agent for service of process, and each Obligor agrees to take any and all action,
including the filing of any and all documents that may be necessary to continue such appointment in full force and effect as aforesaid. Service of process upon the Authorized Agent shall be deemed, in every respect, effective service of process upon
such Obligor. Each Obligor further agrees to take any and all action, including the execution and filing of any and all such documents and instruments, as may be necessary to continue such designation and appointment in full force and effect so long
as any of the Securities shall be outstanding. To the extent that each Obligor may acquire any immunity from jurisdiction of any court or from any legal process (whether through service of notice, attachment prior to judgment, attachment in aid of
execution, execution or otherwise) with respect to itself or its property, it hereby irrevocably waives such immunity in respect of this Agreement, to the fullest extent permitted by law. Notwithstanding the foregoing, any action arising out of or
based upon this Agreement may be instituted by any Holder or Initial Purchaser, the directors, officers, employees, Affiliates and agents of any Holder or Initial Purchaser, or by any person who controls any Holder or Initial Purchaser, in any court
of competent jurisdiction in Hong Kong. 

  

	14.	Currency. To the fullest extent permitted by law, the obligation of each Obligor in respect of any amount due under this Agreement will, notwithstanding any payment in any
other currency (whether pursuant to a judgment or otherwise), be discharged only to the extent of the amount in U.S. dollars (the “relevant currency”) that the party entitled to receive such payment may, in accordance with its normal
procedures, purchase with the sum paid in such other currency (after any premium and costs of exchange) on the Business Day immediately following the day on which such party receives such payment. If the amount in the relevant currency that may be
so purchased for any reason falls short of the amount originally due, each Obligor will pay such additional amounts, in the relevant currency, as may be necessary to compensate for the shortfall. Any obligation of the Obligors not discharged by such
payment will, to the fullest extent permitted by applicable law, be due as a separate and independent obligation and, until discharged as provided herein, will continue in full force and effect. 

  

	15.	 Waiver of Immunity. To the extent that each Obligor has or hereafter may acquire any immunity (sovereign or otherwise) from any legal action, suit or
proceeding, from jurisdiction of any court or from set-off or any legal process (whether service or notice, 

  

 22 

	 	 
attachment in aid or otherwise) with respect to itself or any of its property, such Obligor hereby irrevocably waives and agrees not to plead or claim such
immunity in respect of its obligations under this Agreement. 

  

	16.	Counterparts. This Agreement may be signed in one or more counterparts, each of which shall constitute an original and all of which together shall constitute one and the same
agreement. 

  

	17.	Headings. The section headings used herein are for convenience only and shall not affect the construction hereof. 

  

	18.	Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed in the
State of New York. The parties hereto each hereby waive any right to trial by jury in any action, proceeding or counterclaim arising out of or relating to this Agreement. 

  

	19.	Severability. In the event that any one of more of the provisions contained herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable
in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in any way impaired or affected thereby, it being intended that all of the
rights and privileges of the parties shall be enforceable to the fullest extent permitted by law. 

  

	20.	Securities Held by the Obligors, etc. Whenever the consent or approval of Holders of a specified percentage of principal amount of Securities or New Securities is
required hereunder, Securities or New Securities, as applicable, held by the Obligors or their Affiliates (other than subsequent Holders of Securities or New Securities if such subsequent Holders are deemed to be Affiliates solely by reason of their
holdings of such Securities or New Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 

  

 23 

	21.	If the foregoing is in accordance with your understanding of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this letter and your acceptance
shall represent a binding agreement between the Company and the several Initial Purchasers. 

  
 Very truly yours, 
  

							
	City Telecom (H.K.) Limited	 	City Telecom International Limited
				
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky
	 	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Chairman
	 	 Title:
	 	 Director

		
	Hong Kong Broadband Network Limited	 	Excel Billion Profits Limited
				
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky
	 	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Director
	 	 Title:
	 	 Director

		
	Hong Kong Television Network Limited	 	Hong Kong Broadband Television Company Limited
				
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky
	 	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Director
	 	 Title:
	 	 Director

		
	Hong Kong Broadband Phone Limited	 	Credibility Holdings Limited
				
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky
	 	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Director
	 	 Title:
	 	 Director

		
	IDD1600 Company Limited	 	CTI Marketing Company Limited
				
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky
	 	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Director
	 	 Title:
	 	 Director

  

 S-1 

							
	iStore.com Limited	 	TeachOnNet.com Limited
				
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky
	 	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Director
	 	 Title:
	 	 Director

		
	CTI International Limited	 	BBTV Company Limited
				
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky
	 	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Director
	 	 Title:
	 	 Director

		
	Automedia Holdings Limited	 	City Telecom (U.S.A.) Inc.
				
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky
	 	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Director
	 	 Title:
	 	 Director

		
	City Telecom (Vancouver) Inc.	 	City Telecom (Toronto) Inc.
				
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky
	 	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Assistant Secretary
	 	 Title:
	 	 Authorized Representative

		
	City Telecom (Canada) Inc.	 	963673 Ontario Ltd
				
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky
	 	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Director
	 	 Title:
	 	 Authorized Representative

		
	City Telecom (B.C.) Inc.	 	City Telecom Inc.
				
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky
	 	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Assistant Secretary
	 	 Title:
	 	 Authorized Representative

		
	Golden Trinity Holdings Limited	 	Warwick Gold Enterprises Ltd
				
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky
	 	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Director
	 	 Title:
	 	 Authorized Representative

  

 S-2 

			
	Attitude Holdings Limited
		
	 By:
	 	 /s/ Wong Wai Kay, Ricky

	 Name:
	 	 Wong Wai Kay, Ricky

	 Title:
	 	 Director

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

  

			
	 Citigroup Global Markets Limited

		
	 By
	 	 /s/ Aamir Rahim

	 Name:
	 	 Aamir Rahim

	 Title:
	 	 Managing Director

	
	 For itself and the other several initial
 Purchasers named in Schedule I to the
 Purchase Agreement.

  
  
  

 S-3 

 Schedule I 
  
 Guarantors 
  

	1.	City Telecom International Limited 

  

	2.	Hong Kong Broadband Network Limited 

  

	3.	Excel Billion Profits Limited 

  

	4.	Hong Kong Television Network Limited 

  

	5.	Hong Kong Broadband Television Company Limited 

  

	6.	Hong Kong Broadband Phone Limited 

  

	7.	Credibility Holdings Limited 

  

	8.	IDD1600 Company Limited 

  

	9.	CTI Marketing Company Limited 

  

	10.	iStore.com Limited 

  

	11.	TeachOnNet.com Limited 

  

	12.	CTI International Limited 

  

	13.	BBTV Company Limited 

  

	14.	Automedia Holdings Limited 

  

	15.	City Telecom (U.S.A.) Inc. 

  

	16.	City Telecom (Vancouver) Inc. 

  

	17.	City Telecom (Toronto) Inc 

  

	18.	City Telecom (Canada) Inc. 

  

	19.	963673 Ontario Ltd 

  

	20.	City Telecom (B.C.) Inc. 

  

	21.	City Telecom Inc. 

  

	22.	Golden Trinity Holdings Limited 

  

	23.	Warwick Gold Enterprises Ltd 

  

	24.	Attitude Holdings Limited 

  

 I-1 

 ANNEX A 
  
 Each broker-dealer that receives new securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in
connection with any resale of such new securities. The Letter of Transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the
Act. This prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of new securities received in exchange for securities where such securities were acquired by such broker-dealer
as a result of market-making activities or other trading activities. The company has agreed that, starting on the expiration date and ending on the close of business 270 days after the expiration date, it will make this prospectus available to any
broker-dealer for use in connection with any such resale. See “Plan of Distribution”. 
  
  

 A-1 

 ANNEX B 
  
 Each broker-dealer that receives new securities for its own account in exchange for securities, where such securities were acquired by such broker-dealer
as a result of market-making activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such new securities. See “Plan of Distribution”. 
  

 B-1 

 ANNEX C 
  

PLAN OF DISTRIBUTION 
  
 Each broker-dealer that receives new securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in
connection with any resale of such new securities. This prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of new securities received in exchange for securities where such
securities were acquired as a result of market-making activities or other trading activities. The company has agreed that, starting on the expiration date and ending on the close of business 270 days after the expiration date, it will make this
prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale. In addition, until
                    ,             , all dealers effecting transactions in
the new securities may be required to deliver a prospectus. 
  
 The company will not receive any proceeds from any sale of new securities by brokers-dealers. New securities received by broker-dealers for their own account pursuant to the Exchange Offer may be sold from time to time in one or more
transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the new securities or a combination of such methods of resale, at market prices prevailing at the time of resale, at prices related to such
prevailing market prices or negotiated prices. Any such resale may be made directly to purchasers or to or through brokers or dealers who may receive compensation in the form of commissions or concessions from any such broker-dealer and/or the
purchasers of any such new securities. Any broker-dealer that resales new securities that were received by it for its own account pursuant to the Exchange Offer and any broker or dealer that participates in a distribution of such new securities may
be deemed to be an “underwriter” within the meaning of the Act and any profit of any such resale of new securities and any commissions or concessions received by any such persons may be deemed to be underwriting compensation under the Act.
The Letter of Transmittal states that by acknowledging that it will deliver and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Act. 
  
 For a period of 270 days after the expiration date, the company will promptly
send additional copies of this prospectus and any amendment or supplement to this prospectus to any broker-dealer that requests such documents in the Letter of Transmittal. The company has agreed to pay all expenses incident to the Exchange Offer
(including the expenses of one counsel for the holder of the securities) other than commissions or concessions of any brokers or dealers and will indemnify the holders of the securities (including any broker-dealers) against certain liabilities,
including liabilities under the Act. 
  
 [If applicable, add
information required by Regulation S-K Items 507 and/or 508.] 
  
  

 C-1 

 ANNEX D 
  
 Rider A 
  
 PLEASE FILL IN YOUR NAME AND ADDRESS BELOW IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR
SUPPLEMENTS THERETO. 
  

			
	 Name: 
	 	  

	 Address:
	 	  

	 	 	  

  
 Rider B 
  
 If the undersigned is not a Broker-Dealer, the
undersigned represents that it acquired the New Securities in the ordinary course of its business, it is not engaged in, and does not intend to engage in, a distribution of New Securities and it has no arrangements or understandings with any person
to participate in a distribution of the New Securities. If the undersigned is a Broker-Dealer that will receive New Securities for its own account in exchange for Securities, it represents that the Securities to be exchange for New Securities were
acquired by it as a result of market-making activities or other trading activities and acknowledges that it will deliver a prospectus in connection with any resale of such New Securities; however, by so acknowledging and by delivering a prospectus,
the undersigned will not be deemed to admit that it is an “underwriter” within the meaning of the Act.Monthly Payment Date Statement

 Exhibit 10.1 
  

					
	JPMorgan Chase Bank – Structured Finance Services	  	 
	 4 New York Plaza, 6th Floor
	  	Distribution Date: 02/25/05
	 New York, NY 10004-2477
	  	 
	Officer: Yanilka Fernandez	  	ph: 212-623-4506	  	 
	 	  	fax: 212-623-6214	  	 

  
 GreenPoint Mortgage
Securities LLC 
  
 GreenPoint Home Equity Loan Trust 2004-1

  
 Home Equity Loan Asset-Backed Notes 
 Series 2004-1 
  

																	
	 Distribution In Dollars

	 Class

	  	 Original
 Face
 Value

	  	Beginning
Principal
Balance

	  	Principal

	  	Interest

	  	Total

	  	Realized
Loses

	  	Deferred
Interest

	  	Ending
Principal
Balance

	 A1
	  	202,045,000.00	  	85,826,349.98	  	4,825,922.64	  	203,980.63	  	5,029,903.27	  	0.00	  	0.00	  	81,000,427.34
	 TOTALS
	  	202,045,000.00	  	85,826,349.98	  	4,825,922.64	  	203,980.63	  	5,029,903.27	  	0.00	  	0.00	  	81,000,427.34

  

													
	 Factor Information Per $1000 Of Original Face

	 Class

	  	Cusip

	  	Beginning
Principal

	  	Principal

	  	Interest

	  	Total

	  	Ending
Principal

	 A1
	  	395385AQ0	  	424.78828964	  	23.88538514	  	1.00958019	  	24.89496533	  	400.90290450
	 TOTALS
	  	 	  	424.78828964	  	23.88538514	  	1.00958019	  	24.89496533	  	400.90290450

  

										
	 Pass-Through Rates

	 
	 Class

	  	Previous

	 	 	Current

	 	 	Next

	 
	 A1
	  	0.000000	%	 	0.000000	%	 	0.000000	%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}]]