Document:

EX-4.16

 Exhibit 4.16 
  

 
  

REGISTRATION RIGHTS AGREEMENT 

Dated as of March 9, 2022 

Among 
 HCA INC. 

HCA HEALTHCARE, INC. 
 THE
GUARANTORS PARTY HERETO 
 and 

CITIGROUP GLOBAL MARKETS INC. 

BOFA SECURITIES, INC. 
 J.P. MORGAN
SECURITIES LLC 
 MORGAN STANLEY & CO. LLC 

BARCLAYS CAPITAL INC. 
 CAPITAL ONE
SECURITIES, INC. 
 GOLDMAN SACHS & CO. LLC 

MIZUHO SECURITIES USA LLC 
 RBC
CAPITAL MARKETS, LLC 
 SMBC NIKKO SECURITIES AMERICA, INC. 

TRUIST SECURITIES, INC. 
 WELLS
FARGO SECURITIES, LLC 
 CREDIT AGRICOLE SECURITIES (USA) INC. 

FIFTH THIRD SECURITIES, INC. 

SCOTIA CAPITAL (USA) INC. 
 BNP
PARIBAS SECURITIES CORP. 
 DEUTSCHE BANK SECURITIES INC. 

MUFG SECURITIES AMERICAS INC. 
 PNC
CAPITAL MARKETS LLC 
 REGIONS SECURITIES LLC 

3 1/8% Senior Secured Notes due 2027 

3 3/8% Senior Secured Notes due 2029 

3 5/8% Senior Secured Notes due 2032 

4 3/8% Senior Secured Notes due 2042 

4 5/8% Senior Secured Notes due 2052 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
			
	1.	  	Definitions	  	 	2	 
			
	2.	  	Exchange Offer	  	 	5	 
			
	3.	  	Shelf Registration	  	 	8	 
			
	4.	  	[Reserved]	  	 	9	 
			
	5.	  	Additional Interest	  	 	9	 
			
	6.	  	Registration Procedures	  	 	10	 
			
	7.	  	Registration Expenses	  	 	17	 
			
	8.	  	Indemnification and Contribution	  	 	17	 
			
	9.	  	Rule 144A	  	 	21	 
			
	10.	  	Underwritten Registrations	  	 	21	 
			
	11.	  	Miscellaneous	  	 	21	 

  
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 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”) is dated as March 9, 2022, among HCA INC., a Delaware corporation
(the “Issuer”), HCA HEALTHCARE, INC., a Delaware corporation (the “Parent Guarantor”), the Issuer’s subsidiaries party hereto (the “Subsidiary Guarantors” and, together with the Parent
Guarantor, the “Initial Guarantors”) and CITIGROUP GLOBAL MARKETS INC., BOFA SECURITIES, INC., J.P. MORGAN SECURITIES LLC and MORGAN STANLEY & CO. LLC, as representatives (the “Representatives”) of the
several initial purchasers (the “Initial Purchasers”) named on Schedule I to the Purchase Agreement (as defined below). 

This Agreement is entered into in connection with the Purchase Agreement, dated as of March 2, 2022 (the “Purchase
Agreement”), by and among the Issuer, the Initial Guarantors and the Representatives, for themselves and as Representatives of the Initial Purchasers, which provides for, among other things, the sale by the Issuer to the Initial Purchasers
of $6,000,000,000 aggregate principal amount of the Issuer’s 3 1/8% Senior Secured Notes due 2027 (the “2027 Notes”), 3 3/8% Senior Secured Notes due 2029 (the “2029 Notes”), 3 5/8% Senior Secured Notes due
2032 (the “2032 Notes”), 4 3/8% Senior Secured Notes due 2042 (the “2042 Notes”) and 4 5/8% Senior Secured Notes due 2052 (the “2052 Notes” and, together with the 2027 Notes, the 2029 Notes, the
2032 Notes and the 2042 Notes, the “Notes”). The Initial Guarantors will, jointly and severally, on a senior secured basis (other than the Parent Guarantor, which will guarantee on a senior unsecured basis) guarantee the obligations
of the Issuer, including the due and punctual payment of interest on the Notes (the “Notes Guarantees”). The term “Securities” herein shall mean the Notes and, for so long as any such Notes remain guaranteed by any
Initial Guarantors, the remaining Notes Guarantees with respect to such Notes. The Securities are issued pursuant to a base indenture, dated August 1, 2011, among the Issuer, the Parent Guarantor, Delaware Trust Company (as successor to Law
Debenture Trust Company of New York), as trustee (in such capacity, the “Trustee”), and Deutsche Bank Trust Company Americas, as registrar, paying agent and transfer agent (the “Registrar”) (the “Base
Indenture”), as supplemented by (i) with respect to the 2027 Notes, the twenty-ninth supplemental indenture relating to the 2027 Notes, to be dated March 9, 2022, among the Issuer, the Initial Guarantors, the Trustee and the
Registrar (the Base Indenture as so supplemented, the “2027 Securities Indenture”), by (ii) with respect to the 2029 Notes, the thirtieth supplemental indenture relating to the 2029 Notes, to be dated March 9, 2022, among
the Issuer, the Initial Guarantors, the Trustee and the Registrar (the Base Indenture as so supplemented, the “2029 Securities Indenture”), by (iii) with respect to the 2032 Notes, the thirty-first supplemental indenture
relating to the 2032 Notes, to be dated March 9, 2022, among the Issuer, the Initial Guarantors, the Trustee and the Registrar (the Base Indenture as so supplemented, the “2032 Securities Indenture”), by (iv) with respect
to the 2042 Notes, the thirty-second supplemental indenture relating to the 2042 Notes, to be dated March 9, 2022, among the Issuer, the Initial Guarantors, the Trustee and the Registrar (the Base Indenture as so supplemented, the “2042
Securities Indenture”) and by (v) with respect to the 2052 Notes, the thirty-third supplemental indenture relating to the 2052 Notes, to be dated March 9, 2022, among the Issuer, the Initial Guarantors, the Trustee and the
Registrar (the Base Indenture as so supplemented, the “2052 Securities Indenture” and, together with the 2027 Securities Indenture, the 2029 Securities Indenture, the 2032 Securities Indenture and the 2042 Securities Indenture,
each, an “Indenture” and together, the “Indentures”). 
 In order to induce the Initial Purchasers to
enter into the Purchase Agreement, the Issuer and the Initial Guarantors have agreed to provide the registration rights set forth in this Agreement for the benefit of the Initial Purchasers and any subsequent holder or holders of the Securities. The
execution and delivery of this Agreement is a condition to the Initial Purchasers’ obligations under the Purchase Agreement. 

 The parties hereby agree as follows: 

1. Definitions. 
 As used
in this Agreement, the following terms shall have the following meanings: 
 “Additional Guarantors”: Any subsidiary or
affiliate of the Issuer that executes a Guarantee under any Indenture after the Issue Date and prior to the consummation of the Exchange Offer or, if applicable, the effectiveness of any Shelf Registration Statement. 

“Additional Interest”: See Section 5(a) hereof. 

“Advice”: See the last paragraph of Section 6 hereof. 

“Affiliate Resale Registration Statement”: See Section 4(j) hereof. 

“Agreement”: See the introductory paragraphs hereto. 

“Applicable Period”: See Section 2(b) hereof. 

“Business Day”: Shall have the meaning ascribed to such term in Rule 14d-1 under the
Exchange Act. 
 “Effectiveness Date”: With respect to any Shelf Registration Statement, the 90th day after the Filing Date
with respect thereto; provided, however, that if the Effectiveness Date would otherwise fall on a day that is not a Business Day, then the Effectiveness Date shall be the next succeeding Business Day. 

“Effectiveness Period”: See Section 3(a) hereof. 

“Event Date”: See Section 5(b) hereof. 

“Exchange Act”: The Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated
thereunder. 
 “Exchange Notes”: See Section 2(a) hereof. 

“Exchange Offer”: See Section 2(a) hereof. 

“Exchange Offer Registration Statement”: See Section 2(a) hereof. 

“Filing Date”: The 90th day after the delivery of a Shelf Notice as required pursuant to Section 2(c) hereof;
provided, however, that if the Filing Date would otherwise fall on a day that is not a Business Day, then the Filing Date shall be the next succeeding Business Day. 

“FINRA”: See Section 6(r) hereof. 

“Guarantees”: The Notes Guarantees and guarantees of the Exchange Notes by the Guarantors under each Indenture. 

“Guarantors”: The Initial Guarantors, any Additional Guarantors and any successor of a Guarantor that provides a guarantee
for the Securities. 
 “Holder”: Any holder of a Registrable Note or Registrable Notes. 

  
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 “Indenture”: See the introductory paragraphs hereto. 

“Information”: See Section 6(n) hereof. 

“Initial Guarantors”: See the introductory paragraphs hereto. 

“Initial Purchasers”: See the introductory paragraphs hereto. 

“Initial Shelf Registration”: See Section 3(a) hereof. 

“Inspectors”: See Section 6(n) hereof. 

“Issue Date”: March 9, 2022, the date of original issuance of the Notes and the Note Guarantees. 

“Issuer”: See the introductory paragraphs hereto. 

“Notes”: See the introductory paragraphs hereto. 

“Notes Guarantees”: See the introductory paragraphs hereto. 

“Parent Guarantor”: See the introductory paragraphs hereto. 

“Participant”: See Section 8(a) hereof. 

“Participating Broker-Dealer”: See Section 2(b) hereof. 

“Person”: An individual, trustee, corporation, partnership, limited liability company, joint stock company, trust,
unincorporated association, union, business association, firm or other legal entity. 
 “Private Exchange”: See
Section 2(b) hereof. 
 “Private Exchange Notes”: See Section 2(b) hereof. 

“Prospectus”: The prospectus included in any Registration Statement (including, without limitation, any prospectus subject to
completion and a prospectus that includes any information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A under the Securities Act and any term sheet filed pursuant to Rule 433
under the Securities Act), as amended or supplemented by any prospectus supplement, and all other amendments and supplements to the Prospectus, including post-effective amendments, and all materials incorporated by reference or deemed to be
incorporated by reference in such Prospectus. 
 “Purchase Agreement”: See the introductory paragraphs hereof. 

“Records”: See Section 6(n) hereof. 

“Registrable Notes”: Each Note upon its original issuance and at all times subsequent thereto, each Exchange Note as to which
Section 2(c)(iv) hereof is applicable upon original issuance and at all times subsequent thereto and each Private Exchange Note upon original issuance thereof and at all times subsequent thereto, until, in each case, the earliest to occur of
(i) a Registration Statement (other than, with respect to any Exchange Notes as to which Section 2(c)(iv) hereof is applicable, the Exchange 

  
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Offer Registration Statement) covering such Note, Exchange Note or Private Exchange Note has been declared effective by the SEC and such Note, Exchange Note or such Private Exchange Note, as the
case may be, has been disposed of in accordance with such effective Registration Statement, (ii) such Note has been exchanged pursuant to the Exchange Offer for an Exchange Note or Exchange Notes that may be resold without restriction under
state and federal securities laws or (iii) such Note, Exchange Note or Private Exchange Note, as the case may be, ceases to be outstanding for purposes of the applicable Indenture. 

“Registration Statement”: Any registration statement of the Issuer and the Guarantors that covers any of the Securities, the
Exchange Notes or the Private Exchange Notes filed with the SEC under the Securities Act, including, in each case, the Prospectus, amendments and supplements to such registration statement, including post-effective amendments, all exhibits, and all
material incorporated by reference or deemed to be incorporated by reference in such registration statement. 

“Representatives”: See the introductory paragraphs hereof. 

“Rule 144”: Rule 144 (as amended or replaced) under the Securities Act. 

“Rule 144A”: Rule 144A (as amended or replaced) under the Securities Act. 

“Rule 405”: Rule 405 (as amended or replaced) under the Securities Act. 

“Rule 415”: Rule 415 (as amended or replaced) under the Securities Act. 

“Rule 424”: Rule 424 (as amended or replaced) under the Securities Act. 

“SEC”: The U.S. Securities and Exchange Commission. 

“Securities”: See the introductory paragraphs hereto. 

“Securities Act”: The Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder.

 “Shelf Notice”: See Section 2(c) hereof. 

“Shelf Registration”: See Section 3(b) hereof. 

“Shelf Registration Statement”: Any Registration Statement relating to a Shelf Registration. 

“Shelf Suspension Period”: See Section 3(a) hereof. 

“Subsequent Shelf Registration”: See Section 3(b) hereof. 

“TIA”: The Trust Indenture Act of 1939, as amended. 

“Trustee”: The trustee under the applicable Indenture and the trustee under any indenture (if different) governing the
Exchange Notes and Private Exchange Notes. 
 “Underwritten registration or underwritten offering”: A registration in which
securities of the Issuer or Guarantor are sold to an underwriter for reoffering to the public. 

  
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 Except as otherwise specifically provided, all references in this Agreement to acts, laws,
statutes, rules, regulations, releases, forms, no-action letters and other regulatory requirements (collectively, “Regulatory Requirements”) shall be deemed to refer also to any amendments
thereto and all subsequent Regulatory Requirements adopted as a replacement thereto having substantially the same effect therewith; provided that Rule 144 shall not be deemed to amend or replace Rule 144A. 

2. Exchange Offer. 
 (a)
Unless the Exchange Offer would violate applicable law or any applicable interpretation of the staff of the SEC, the Issuer and the Guarantors shall use their reasonable best efforts to file with the SEC a Registration Statement (the
“Exchange Offer Registration Statement”) on an appropriate registration form with respect to a registered offer (the “Exchange Offer”) to exchange any and all of the Registrable Notes for a like aggregate principal
amount of debt securities of the Issuer (the “Exchange Notes”) that are identical in all material respects to the Securities, except that (i) the Exchange Notes shall contain no restrictive legend thereon, (ii) interest
thereon shall accrue from the last date on which interest was paid on such Securities or, if no such interest has been paid, from the Issue Date and (iii) the Exchange Notes shall be entitled to the benefits of the applicable Indenture or a
trust indenture which is identical in all material respects to the applicable Indenture (other than such changes to the applicable Indenture or any such identical trust indenture as are necessary to comply with the TIA) and which, in either case,
has been qualified under the TIA, or is exempt from such qualification. The Exchange Offer shall comply with all applicable tender offer rules and regulations under the Exchange Act and other applicable laws. The Issuer and the Guarantors shall use
their reasonable best efforts to (x) prepare and file with the SEC the Exchange Offer Registration Statement with respect to the Exchange Offer; (y) keep the Exchange Offer open for at least 20 Business Days (or longer if required by
applicable law) after the date that notice of the Exchange Offer is delivered to Holders; and (z) consummate the Exchange Offer on or prior to the 548th day following the Issue Date (or if such 548th day is not a Business Day, the next
succeeding Business Day). 
 Each Holder (including, without limitation, each Participating Broker-Dealer) that participates in the Exchange
Offer, as a condition to participation in the Exchange Offer, will be required to represent to the Issuer in writing (which may be contained in the applicable letter of transmittal) that: (i) any Exchange Notes acquired in exchange for
Registrable Notes tendered are being acquired in the ordinary course of business of the Person receiving such Exchange Notes, whether or not such recipient is such Holder itself; (ii) at the time of the commencement or consummation of the
Exchange Offer neither such Holder nor, to the actual knowledge of such Holder, any other Person receiving Exchange Notes from such Holder has an arrangement or understanding with any Person to participate in the distribution (within the meaning of
the Securities Act) of the Exchange Notes in violation of the Securities Act; (iii) neither the Holder nor, to the actual knowledge of such Holder, any other Person receiving Exchange Notes from such Holder is or has been an
“affiliate” (as defined in Rule 405) of the Issuer or the Guarantors or, if it is an affiliate of the Issuer or the Guarantors, it will comply with the registration and prospectus delivery requirements of the Securities Act to the extent
applicable and will provide information to be included in the Shelf Registration Statement in accordance with Section 6 hereof in order to have their Securities included in the Shelf Registration Statement and benefit from the provisions
regarding Additional Interest in Section 5 hereof; (iv) if such Holder is not a broker-dealer, neither such Holder nor, to the actual knowledge of such Holder, any other Person receiving Exchange Notes from such Holder is engaging or
intends to engage in a distribution of the Exchange Notes; and (v) if such Holder is a Participating Broker-Dealer, such Holder has acquired the Registrable Notes 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 comply with the applicable provisions of the Securities Act (including, but not limited to, the prospectus delivery requirements thereunder). 

  
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 Upon consummation of the Exchange Offer in accordance with this Section 2, the
provisions of this Agreement shall continue to apply, mutatis mutandis, solely with respect to Registrable Notes that are Private Exchange Notes, Exchange Notes as to which Section 2(c)(iv) is applicable and Exchange Notes held by
the Participating Broker-Dealers, and the Issuer and the Guarantors shall have no further obligation to register Registrable Notes (other than Private Exchange Notes and Exchange Notes as to which clause 2(c)(iv) hereof applies) pursuant to
Section 3 hereof. 
 (b) The Issuer and the Guarantors shall include within the Prospectus contained in the Exchange Offer Registration
Statement a section entitled “Plan of Distribution,” which shall contain a summary statement of the positions taken or policies made by the staff of the SEC with respect to the potential “underwriter” status of any broker-dealer
that is the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of Exchange Notes received by such broker-dealer in the Exchange Offer (a “Participating
Broker-Dealer”), whether such positions or policies have been publicly disseminated by the staff of the SEC or such positions or policies represent the prevailing views of the staff of the SEC. Such “Plan of Distribution” section
shall also expressly permit, to the extent permitted by applicable policies and regulations of the SEC, the use of the Prospectus by all Participating Broker-Dealers, and include a statement describing the means by which Participating Broker-Dealers
may resell the Exchange Notes in compliance with the Securities Act. 
 The Issuer and the Guarantors shall use their reasonable best
efforts to keep the Exchange Offer Registration Statement effective and to amend and supplement the Prospectus contained therein in order to permit such Prospectus to be lawfully delivered by all Persons (including Participating Broker-Dealers)
subject to the prospectus delivery requirements of the Securities Act for such period of time as is necessary to comply with applicable law in connection with any resale of the Exchange Notes; provided, however, that such period shall
not be required to exceed 90 days, or such longer period if extended pursuant to the last paragraph of Section 6 hereof (the “Applicable Period”). 

If, prior to consummation of the Exchange Offer, the Initial Purchasers hold any Securities acquired by them that have the status of an unsold
allotment in the initial distribution, the Issuer and the Guarantors, upon the request of the Initial Purchasers, shall simultaneously with the delivery of the Exchange Notes issue and deliver to the Initial Purchasers, in exchange (the
“Private Exchange”) for such Securities held by any such Holder, a like principal amount of notes (the “Private Exchange Notes”) of the Issuer that are identical in all material respects to the Exchange Notes except
for the placement of a restrictive legend on such Private Exchange Notes. The Private Exchange Notes shall be issued pursuant to the same indenture as the Exchange Notes and bear the same CUSIP number as the Exchange Notes if permitted by the CUSIP
Service Bureau. 
 In connection with the Exchange Offer, the Issuer and the Guarantors shall: 

(1) make available, to each Holder of record entitled to participate in the Exchange Offer, a copy of the Prospectus forming
part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related documents; 

(2) use their respective reasonable best efforts to keep the Exchange Offer open for not less than 20 Business Days from the
date that notice of the Exchange Offer is delivered to Holders (or longer if required by applicable law); 
 (3) utilize the
services of a depositary for the Exchange Offer; 

  
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 (4) 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 Exchange Offer remains open; and 
 (5) otherwise
comply in all material respects with all laws, rules and regulations applicable to the Exchange Offer. 
 As soon as
practicable after the close of the Exchange Offer and any Private Exchange, the Issuer and the Guarantors shall: 
 (1)
accept for exchange all Registrable Notes validly tendered and not validly withdrawn pursuant to the Exchange Offer and any Private Exchange; 

(2) deliver to the Trustee for cancellation all Registrable Notes so accepted for exchange; and 

(3) cause the Trustee to authenticate and deliver promptly to each Holder of Notes, Exchange Notes or Private Exchange Notes,
as the case may be, equal in principal amount to the Notes of such Holder so accepted for exchange; provided that, in the case of any Notes held in global form by a depositary, authentication and delivery to such depositary of one or more
replacement Notes in global form in an equivalent principal amount thereto for the account of such Holders in accordance with the applicable Indenture shall satisfy such authentication and delivery requirement. 

The Exchange Offer and the Private Exchange shall not be subject to any conditions, other than that (i) the Exchange Offer or Private
Exchange, as the case may be, does not violate applicable law or any applicable interpretation of the staff of the SEC; (ii) no action or proceeding shall have been instituted or threatened in any court or by any governmental agency which might
materially impair the ability of the Issuer or the Guarantors to proceed with the Exchange Offer or the Private Exchange, and no material adverse development shall have occurred in any existing action or proceeding with respect to the Issuer or the
Guarantors; and (iii) all governmental approvals shall have been obtained, which approvals the Issuer and the Guarantors deem necessary for the consummation of the Exchange Offer or Private Exchange. 

Each Indenture or such indenture shall provide that the Exchange Notes, the Private Exchange Notes and the Notes shall vote and consent
together on all matters as one class and that none of the Exchange Notes, the Private Exchange Notes or the Notes will have the right to vote or consent as a separate class on any matter. 

(c) If, (i) because of any change in law or in currently prevailing interpretations of the staff of the SEC, the Issuer or the Guarantors
are not permitted to effect the Exchange Offer, (ii) the Exchange Offer is not consummated within 548 days of the Issue Date, (iii) any holder of Private Exchange Notes so requests in writing to the Issuer at any time within 30 days after
the consummation of the Exchange Offer, or (iv) in the case of any Holder that participates in the Exchange Offer, such Holder does not receive Exchange Notes on the date of the exchange that may be sold without restriction under state and
federal securities laws (other than due solely to the status of such Holder as an affiliate of the Issuer or the Guarantors within the meaning of the Securities Act) and so notifies the Issuer within 30 days after such Holder first becomes aware of
such restrictions, then, in the case of each of clauses (i) through (iv) of this sentence, the Issuer and the Guarantors shall promptly deliver to the Trustee with a copy to the registrar (to deliver to the Holders) written notice thereof (the
“Shelf Notice”) and shall file a Shelf Registration pursuant to Section 3 hereof. 

  
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 3. Shelf Registration. 

If at any time a Shelf Notice is delivered as contemplated by Section 2(c) hereof, then: 

(a) Shelf Registration. The Issuer and the Guarantors shall promptly file with the SEC a Registration Statement for an offering to be
made on a continuous basis pursuant to Rule 415 covering all of the Registrable Notes (the “Initial Shelf Registration”). The Issuer and the Guarantors shall use their reasonable best efforts to file with the SEC the Initial Shelf
Registration on or prior to the Filing Date. The Initial Shelf Registration shall be on Form S-1 or another appropriate form permitting registration of such Registrable Notes for resale by Holders in the
manner or manners designated by them (including, without limitation, one or more underwritten offerings). 
 The Issuer and the Guarantors
shall use their respective reasonable best efforts to cause the Shelf Registration to be declared effective under the Securities Act on or prior to the Effectiveness Date and to keep the Initial Shelf Registration continuously effective under the
Securities Act until the earliest of (i) the date that is two years from the Issue Date or (ii) such shorter period ending when all Registrable Notes covered by the Initial Shelf Registration have been sold in the manner set forth and as
contemplated in the Initial Shelf Registration or, if applicable, a Subsequent Shelf Registration (the “Effectiveness Period”); provided, however, that the Effectiveness Period in respect of the Initial Shelf
Registration shall be extended to the extent required to permit dealers to comply with the applicable prospectus delivery requirements of Rule 174 under the Securities Act and as otherwise provided herein. Notwithstanding anything to the contrary in
this Agreement, at any time, the Issuer and the Guarantors may delay the filing of any Initial Shelf Registration Statement or delay or suspend the effectiveness thereof, for a reasonable period of time, but not in excess of 60 consecutive days or
more than three (3) times during any calendar year (each, a “Shelf Suspension Period”), if the Board of Directors of the Issuer determines reasonably and in good faith that the filing of any such Initial Shelf Registration
Statement or the continuing effectiveness thereof would require the disclosure of non-public material information that, in the reasonable judgment of the Board of Directors of the Issuer, would be detrimental
to the Issuer and the Guarantors if so disclosed or would otherwise materially adversely affect a financing, acquisition, disposition, merger or other material transaction or if such action is required by applicable law. 

(b) Withdrawal of Stop Orders; Subsequent Shelf Registrations. If the Initial Shelf Registration or any Subsequent Shelf Registration
ceases to be effective for any reason at any time during the Effectiveness Period (other than because of the sale of all of the Securities registered thereunder), the Issuer and the Guarantors shall use their reasonable best efforts to obtain the
prompt withdrawal of any order suspending the effectiveness thereof, and in any event shall file an additional Shelf Registration Statement pursuant to Rule 415 covering all of the Registrable Notes covered by and not sold under the Initial Shelf
Registration or an earlier Subsequent Shelf Registration (each, a “Subsequent Shelf Registration”). If a Subsequent Shelf Registration is filed, the Issuer and the Guarantors shall use their reasonable best efforts to cause the
Subsequent Shelf Registration to be declared effective under the Securities Act as soon as practicable after such filing and to keep such subsequent Shelf Registration continuously effective for a period equal to the number of days in the
Effectiveness Period less the aggregate number of days during which the Initial Shelf Registration or any Subsequent Shelf Registration was previously continuously effective. As used herein the term “Shelf Registration” means the
Initial Shelf Registration and any Subsequent Shelf Registration. 

  
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 (c) Supplements and Amendments. The Issuer and the Guarantors shall
promptly supplement and amend the Shelf Registration if required by the rules, regulations or instructions applicable to the registration form used for such Shelf Registration, if required by the Securities Act, or if reasonably requested by the
Holders of a majority in aggregate principal amount of the Registrable Notes (or their counsel) covered by such Registration Statement with respect to the information included therein with respect to one or more of such Holders, or, if reasonably
requested by any underwriter of such Registrable Notes, with respect to the information included therein with respect to such underwriter. 

4. [Reserved]. 
 5.
Additional Interest. 
 (a) The Issuer, the Guarantors and the Initial Purchasers agree that the Holders will suffer damages if the
Issuer and the Guarantors fail to fulfill their respective obligations under Section 2 or Section 3 hereof and that it would not be feasible to ascertain the extent of such damages with precision. Accordingly, the Issuer and the Guarantors
agree to pay, as liquidated damages, additional interest on the Securities (“Additional Interest”) if (A) the Issuer and the Guarantors have neither (i) exchanged Exchange Notes for all Notes validly tendered in accordance
with the terms of the Exchange Offer nor (ii) had a Shelf Registration Statement declared effective, in either case on or prior to the 548th day after the Issue Date, (B) notwithstanding clause (A), the Issuer and the Guarantors are
required to file a Shelf Registration Statement and such Shelf Registration Statement is not declared effective on or prior to the 548th day after the date such Shelf Registration Statement filing was requested or required or (C), if applicable, a
Shelf Registration has been declared effective and such Shelf Registration ceases to be effective at any time during the Effectiveness Period (other than because of the sale of all of the Securities registered thereunder), then Additional Interest
shall accrue on the principal amount of the Securities at a rate of 0.25% per annum (which rate will be increased by an additional 0.25% per annum for each subsequent 90 day period that such Additional Interest continues to accrue, provided
that the rate at which such Additional Interest accrues may in no event exceed 1.00% per annum) (such Additional Interest to be calculated by the Issuer) commencing on the (x) 548th day after the Issue Date, in the case of (A) above; (y) the
548th day after the date such Shelf Registration Statement filing was requested or required in the case of (B) above; or (z) the day such Shelf Registration ceases to be effective in the case of (C) above; provided,
however, that upon the exchange of the Exchange Notes for all Securities tendered (in the case of clause (A) of this Section 5(a), upon the effectiveness of the applicable Shelf Registration Statement (in the case of clause
(B) of this Section 5(a), or upon the effectiveness of the applicable Shelf Registration Statement which had ceased to remain effective (in the case of clause (C) of this Section 5(a), Additional Interest on the Securities in
respect of which such events relate as a result of such clause (or the relevant subclause thereof), as the case may be, shall cease to accrue. Notwithstanding any other provisions of this Section 5, the Issuer and the Guarantors shall not be
obligated to pay Additional Interest provided in Section 5(a)(B) during a Shelf Suspension Period permitted by Section 3(a) hereof. 

(b) The Issuer and the Guarantors shall notify the Trustee and the paying agent within five business days after each and every date on which
an event occurs in respect of which Additional Interest is required to be paid (an “Event Date”). Any amounts of Additional Interest due pursuant to (a) of this Section 5 will be payable in cash semiannually on each
March 15 and September 15 (to the holders of record on the March 1 and September 1 immediately preceding such dates), commencing with the first such date occurring after any such Additional Interest commences to accrue. The
amount of Additional Interest will be determined by the Issuer by multiplying the applicable Additional Interest rate by the principal amount of the Registrable Notes, multiplied by a fraction, the numerator of which is the number of days such
Additional Interest rate was applicable during such period (determined on the basis of a 360 day year comprised of twelve 30-day months and, in the case of a partial month, the actual number of days elapsed),
and the denominator of which is 360. 

  
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 6. Registration Procedures. 

In connection with the filing of any Registration Statement pursuant to Section 2 or 3 hereof, the Issuer and the Guarantors shall effect
such registrations to permit the sale of the securities covered thereby in accordance with the intended method or methods of disposition thereof, and pursuant thereto and in connection with any Registration Statement filed by the Issuer and the
Guarantors hereunder the Issuer and the Guarantors shall: 
 (a) Prepare and file with the SEC (prior to the applicable
Filing Date in the case of a Shelf Registration), a Registration Statement or Registration Statements as prescribed by Section 2 or 3 hereof, and use their reasonable best efforts to cause each such Registration Statement to become effective
and remain effective as provided herein; provided, however, that if (1) such filing is pursuant to Section 3 hereof or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to
Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period relating thereto from whom the Issuer has received prior written notice that
it will be a Participating Broker-Dealer in the Exchange Offer, before filing any Registration Statement or Prospectus or any amendments or supplements thereto, the Issuer and the Guarantors shall furnish to the Holders of the Registrable Notes
covered by such Registration Statement (with respect to a Registration Statement filed pursuant to Section 3 hereof) or counsel for such Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be, and
counsel to the managing underwriters, if any, a reasonable opportunity to review copies of all such documents (including copies of any documents to be incorporated by reference therein and all exhibits thereto) proposed to be filed (in each case, at
least three Business Days prior to such filing). The Issuer and the Guarantors shall not file any Registration Statement or Prospectus or any amendments or supplements thereto if the Holders of a majority in aggregate principal amount of the
Registrable Notes covered by such Registration Statement, their counsel or the managing underwriters, if any, shall reasonably object. 

(b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf Registration Statement or
Exchange Offer Registration Statement, as the case may be, as may be necessary to keep such Registration Statement continuously effective for the Effectiveness Period (other than a Shelf Suspension Period), the Applicable Period or until
consummation of the Exchange Offer, as the case may be; cause the related Prospectus to be supplemented by any Prospectus supplement required by applicable law, and as so supplemented to be filed pursuant to Rule 424; and comply with the provisions
of the Securities Act and the Exchange Act applicable to them with respect to the disposition of all securities covered by such Registration Statement as so amended or in such Prospectus as so supplemented and with respect to the subsequent resale
of any securities being sold by an Participating Broker-Dealer covered by any such Prospectus in all material respects. The Issuer and the Guarantors shall be deemed not to have used their reasonable best efforts to keep a Registration Statement
effective if they voluntarily take any action that is reasonably expected to result in selling Holders of the Registrable Notes covered thereby or Participating Broker-Dealers seeking to sell Exchange Notes not being able to sell such Registrable
Notes or such Exchange Notes during that period unless such action is required by applicable law or permitted by this Agreement. 

  
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 (c) If (1) a Shelf Registration is filed pursuant to Section 3
hereof or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes
during the Applicable Period relating thereto from whom the Issuer has received written notice that it will be a Participating Broker-Dealer in the Exchange Offer, notify the selling Holders of Registrable Notes (with respect to a Registration
Statement filed pursuant to Section 3 hereof), or each such Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be, their counsel and the managing underwriters, if any, promptly (but in any event
within three Business Days), and confirm such notice in writing, (i) when a Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to a Registration Statement or any post-effective amendment, when
the same has become effective under the Securities Act (including in such notice a written statement that any Holder may, upon request, obtain, at the sole expense of the Issuer and the Guarantors, one conformed copy (which may be in electronic
form) of such Registration Statement or post-effective amendment including financial statements and schedules, documents incorporated or deemed to be incorporated by reference and exhibits), (ii) of the issuance by the SEC of any stop order
suspending the effectiveness of a Registration Statement or of any order preventing or suspending the use of any preliminary prospectus or the initiation of any proceedings for that purpose, (iii) if at any time when a Prospectus is required by
the Securities Act to be delivered in connection with sales of the Registrable Notes or resales of Exchange Notes by Participating Broker-Dealers the representations and warranties of the Issuer and the Guarantors contained in any agreement
(including any underwriting agreement) contemplated by Section 6(m) hereof cease to be true and correct, (iv) of the receipt by the Issuer of any notification with respect to the suspension of the qualification or exemption from
qualification of a Registration Statement or any of the Registrable Notes or the Exchange Notes to be sold by any Participating Broker-Dealer for offer or sale in any jurisdiction, or the initiation or threatening of any proceeding for such purpose,
(v) of the happening of any event, the existence of any condition or any information becoming known that makes any statement made in such Registration Statement or related Prospectus or any document incorporated or deemed to be incorporated
therein by reference untrue in any material respect or that requires the making of any changes in or amendments or supplements to such Registration Statement, Prospectus or documents so that, in the case of the Registration Statement, it will not
contain any 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 not misleading, and that in the case of the Prospectus, it will not contain any 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, and (vi) of the
Issuer’s and the Guarantors’ determination that a post-effective amendment to a Registration Statement would be appropriate. 

(d) Use their reasonable best efforts to prevent the issuance of any order suspending the effectiveness of a Registration
Statement or of any order preventing or suspending the use of a Prospectus or suspending the qualification (or exemption from qualification) of any of the Registrable Notes or the Exchange Notes to be sold by any Participating Broker-Dealer, for
sale in any jurisdiction. 
 (e) If a Shelf Registration is filed pursuant to Section 3 and if requested during the
Effectiveness Period by the managing underwriter or underwriters (if any) or the Holders of a majority in aggregate principal amount of the Registrable Notes being sold in connection with an underwritten offering, (i) as promptly as practicable
incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or underwriters (if any), such Holders or counsel for either of them reasonably request to be included therein, (ii) make all
required filings of such prospectus supplement or such post-effective amendment as soon as practicable after the Issuer has received notification of the matters to be incorporated in such prospectus supplement or post-effective amendment, and
(iii) supplement or make amendments to such Registration Statement. 

  
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 (f) If (1) a Shelf Registration is filed pursuant to Section 3
hereof, or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes
during the Applicable Period, furnish to each selling Holder of Registrable Notes (with respect to a Registration Statement filed pursuant to Section 3 hereof) and to each such Participating Broker-Dealer who so requests (with respect to any
such Registration Statement) and to their respective counsel and each managing underwriter, if any, at the sole expense of the Issuer and the Guarantors, one conformed copy (which may be in electronic form) of the Registration Statement or
Registration Statements and each post-effective amendment thereto, including financial statements and schedules, and, if requested, all documents incorporated or deemed to be incorporated therein by reference and all exhibits. 

(g) If (1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a Prospectus contained in the
Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period, deliver to each
selling Holder of Registrable Notes (with respect to a Registration Statement filed pursuant to Section 3 hereof), or each such Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be, their respective
counsel, and the underwriters, if any, at the sole expense of the Issuer and the Guarantors, as many copies (which may be in electronic form) of the Prospectus or Prospectuses (including each form of preliminary prospectus) and each amendment or
supplement thereto and any documents incorporated by reference therein as such Persons may reasonably request; and, subject to the last paragraph of this Section 6, the Issuer and the Guarantors hereby consent to the use of such Prospectus and
each amendment or supplement thereto by each of the selling Holders of Registrable Notes or each such Participating Broker-Dealer, as the case may be, and the underwriters or agents, if any, and dealers, if any, in connection with the offering and
sale of the Registrable Notes covered by, or the sale by Participating Broker-Dealers of the Exchange Notes pursuant to, such Prospectus and any amendment or supplement thereto. 

(h) Prior to any public offering of Registrable Notes or any delivery of a Prospectus contained in the Exchange Offer
Registration Statement by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period, use their reasonable best efforts to register or qualify, and to cooperate with the selling Holders of Registrable Notes or each
such Participating Broker-Dealer, as the case may be, the managing underwriter or underwriters, if any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such
Registrable Notes for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any selling Holder, Participating Broker-Dealer, or the managing underwriter or underwriters reasonably request in writing;
provided, however, that where Exchange Notes held by Participating Broker-Dealers or Registrable Notes are offered other than through an underwritten offering, the Issuer and the Guarantors agree to cause their counsel to perform Blue
Sky investigations and file registrations and qualifications required to be filed pursuant to this Section 6(h), keep each such registration or qualification (or exemption therefrom) effective during the period such Registration Statement is
required to be kept effective and do any and all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the Exchange Notes held by Participating Broker-Dealers or the Registrable Notes covered by the
applicable Registration Statement; provided, however, that the Issuer and the Guarantors shall not be required to (A) qualify generally to do business in any jurisdiction where they are not then so qualified, (B) take any
action that would subject them to general service of process in any such jurisdiction where they are not then so subject or (C) subject themselves to taxation in excess of a nominal dollar amount in any such jurisdiction where they are not then
so subject. 

  
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 (i) If a Shelf Registration is filed pursuant to Section 3 hereof,
cooperate with the selling Holders of Registrable Notes and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Notes to be sold, which certificates shall not
bear any restrictive legends and shall be in a form eligible for deposit with The Depository Trust Company; and enable such Registrable Notes to be in such denominations (subject to applicable requirements contained in the applicable Indenture) and
registered in such names as the managing underwriter or underwriters, if any, or Holders may request. 
 (j) Use their
reasonable best efforts to cause the Registrable Notes covered by the Registration Statement to be registered with or approved by such other U.S. governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the
underwriter or underwriters, if any, to consummate the disposition of such Registrable Notes, except as may be required solely as a consequence of the nature of such selling Holder’s business, in which case the Issuer and the Guarantors will
cooperate in all respects with the filing of such Registration Statement and the granting of such approvals. 
 (k) If
(1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by
any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period, upon the occurrence of any event contemplated by paragraph 6(c)(v) or 6(c)(vi) hereof, as promptly as practicable prepare and (subject to
Section 6(a) hereof) file with the SEC, at the sole expense of the Issuer and the Guarantors, a supplement or post-effective amendment to the Registration Statement or a supplement to 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 Notes being sold thereunder (with respect to a Registration Statement filed pursuant to Section 3 hereof) or to the
purchasers of the Exchange Notes to whom such Prospectus will be delivered by a Participating Broker-Dealer (with respect to any such Registration Statement), any such Prospectus will not contain an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. 

(l) Prior to the effective date of the first Registration Statement relating to the Registrable Notes, (i) provide the
Trustee with certificates for the Registrable Notes in a form eligible for deposit with The Depository Trust Company and (ii) provide a CUSIP number for the Registrable Notes. 

(m) In connection with any underwritten offering of Registrable Notes pursuant to a Shelf Registration, enter into an
underwriting agreement as is customary in underwritten offerings of debt securities similar to the Notes (including, without limitation, a customary condition to the obligations of the underwriters that the underwriters shall have received
“cold comfort” letters and updates thereof in form, scope and substance reasonably satisfactory to the managing underwriter or underwriters from the independent registered public accountants of the Issuer (and, if necessary, any other
independent registered public accountants of the Issuer, or of any business acquired by the Issuer, for which financial statements and financial data are, or are required to be, included or incorporated by reference in the Registration Statement),
addressed to each of the underwriters, such letters to be in customary form and covering matters of the type customarily 

  
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covered in “cold comfort” letters in connection with underwritten offerings of debt securities similar to the Securities), and take all such other actions as are reasonably requested by
the managing underwriter or underwriters in order to expedite or facilitate the registration or the disposition of such Registrable Notes and, in such connection, (i) make such representations and warranties to, and covenants with, the
underwriters with respect to the business of the Issuer (including any acquired business, properties or entity, if applicable), and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference
therein, in each case, as are customarily made by issuers to underwriters in underwritten offerings of debt securities similar to the Securities, and confirm the same in writing if and when requested; (ii) obtain the written opinions of counsel
to the Issuer and the Guarantors, and written updates thereof in form, scope and substance reasonably satisfactory to the managing underwriter or underwriters, addressed to the underwriters covering the matters customarily covered in opinions
reasonably requested in underwritten offerings; and (iii) if an underwriting agreement is entered into, the same shall contain indemnification provisions and procedures no less favorable to the sellers and underwriters, if any, than those set
forth in Section 8 hereof (or such other provisions and procedures reasonably acceptable to Holders of a majority in aggregate principal amount of Registrable Notes covered by such Registration Statement and the managing underwriter or
underwriters or agents, if any). The above shall be done at each closing under such underwriting agreement, or as and to the extent required thereunder. 

(n) If (1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a Prospectus contained in the
Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period, make available for
inspection by any Initial Purchaser, any selling Holder of such Registrable Notes being sold (with respect to a Registration Statement filed pursuant to Section 3 hereof), or each such Participating Broker-Dealer, as the case may be, any
underwriter participating in any such disposition of Registrable Notes, if any, and any attorney, accountant or other agent retained by any such selling Holder or each such Participating Broker-Dealer (with respect to any such Registration
Statement), as the case may be, or underwriter (any such Initial Purchasers, Holders, Participating Broker-Dealers, underwriters, attorneys, accountants or agents, collectively, the “Inspectors”), upon written request, at the
offices where normally kept, during reasonable business hours, all pertinent financial and other records, pertinent corporate documents and instruments of the Issuer and the Guarantors and their respective subsidiaries (collectively, the
“Records”), as shall be reasonably necessary to enable them to exercise any applicable due diligence responsibilities, and cause the officers, directors and employees of the Issuer and the Guarantors and any of their respective
subsidiaries to supply all information (“Information”) reasonably requested by any such Inspector in connection with such due diligence responsibilities. Each Inspector shall agree in writing that it will keep the Records and
Information confidential, to use the Records and Information only for due diligence purposes, to abstain from using the Records and Information as the basis for any market transactions in Securities of the Issuer and that it will not disclose any of
the Records or Information that the Issuer and the Guarantors determine, in good faith, to be confidential and notifies the Inspectors in writing are confidential unless (i) the disclosure of such Records or Information is necessary to avoid or
correct a misstatement or omission in such Registration Statement or Prospectus, (ii) the release of such Records or Information is ordered pursuant to a subpoena or other order from a court of competent jurisdiction, (iii) disclosure of
such Records or Information is necessary or advisable, in the opinion of counsel for any Inspector, in connection with any action, claim, suit or proceeding, directly or indirectly, involving or potentially involving such Inspector and arising out
of, based upon, relating to, or involving this Agreement or the Purchase Agreement, or any transactions contemplated hereby or thereby or arising hereunder or thereunder, or (iv) the information in such Records or Information has been made

  
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generally available to the public other than by an Inspector or an “affiliate” (as defined in Rule 405) thereof; provided, however, that prior notice shall be provided as
soon as practicable to the Issuer of the potential disclosure of any information by such Inspector pursuant to clause (ii) or (iii) of this sentence to permit the Issuer and the Guarantors to obtain a protective order (or waive the provisions
of this paragraph (n)) and that such Inspector shall take such actions as are reasonably necessary to protect the confidentiality of such information (if practicable) to the extent such action is otherwise not inconsistent with, an impairment of or
in derogation of the rights and interests of the Holder or any Inspector. 
 (o) Provide an indenture trustee for the
Registrable Notes or the Exchange Notes, as the case may be, and cause the applicable Indenture or the trust indenture provided for in Section 2(a) hereof, as the case may be, to be qualified under the TIA not later than the effective date of
the first Registration Statement relating to the Registrable Notes; and in connection therewith, cooperate with the trustee under any such indenture and the Holders of the Registrable Notes, to effect such changes (if any) to such indenture as may
be required for such indenture to be so qualified in accordance with the terms of the TIA; and execute, and use their reasonable best efforts to cause such 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 such indenture to be so qualified in a timely manner. 
 (p)
Comply in all material respects with all applicable rules and regulations of the SEC and make generally available to their security holders with regard to any applicable Registration Statement, a consolidated earning statement satisfying the
provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 60 days after the end of any fiscal quarter (or 105 days after the end of any 12-month period if such period is a fiscal year) (i) commencing at the end of any fiscal quarter in which Registrable Notes are sold to underwriters in a firm commitment or best efforts underwritten offering
and (ii) if not sold to underwriters in such an offering, commencing on the first day of the first fiscal quarter of the Issuer, after the effective date of a Registration Statement, which statements shall cover said 12-month periods; provided that the requirements of this Section 6(p) shall be deemed satisfied by the Issuer and the Guarantors complying with Section 1007 or 1008 of the Base Indenture or
Section 4.03 of the applicable Indenture. 
 (q) Upon consummation of the Exchange Offer or a Private Exchange, obtain
an opinion of counsel to the Issuer and the Guarantors, in a form customary for underwritten transactions, addressed to the Trustee for the benefit of all Holders of Registrable Notes participating in the Exchange Offer or the Private Exchange, as
the case may be, that the Exchange Notes or Private Exchange Notes, as the case may be, and the related indenture constitute legal, valid and binding obligations of the Issuer and the Guarantors, enforceable against the Issuer and the Guarantors in
accordance with their respective terms, subject to customary exceptions and qualifications. If the Exchange Offer or a Private Exchange is to be consummated, upon delivery of the Registrable Notes by Holders to the Issuer (or to such other Person as
directed by the Issuer), in exchange for the Exchange Notes or the Private Exchange Notes, as the case may be, the Issuer and the Guarantors shall mark, or cause to be marked, on such Registrable Notes that such Registrable Notes are being cancelled
in exchange for the Exchange Notes or the Private Exchange Notes, as the case may be; in no event shall such Registrable Notes be marked as paid or otherwise satisfied. 

(r) Use reasonable efforts to cooperate with each seller of Registrable Notes covered by any Registration Statement and each
underwriter, if any, participating in the disposition of such Registrable Notes and their respective counsel in connection with any filings required to be made with the Financial Industry Regulatory Authority, Inc. (“FINRA”). 

  
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 (s) So long as any Registrable Notes remain outstanding and the Notes remain
guaranteed by the Subsidiary Guarantors, cause each Additional Guarantor upon the creation or acquisition by the Issuer of such Additional Guarantor, to execute a counterpart to this Agreement in the form attached hereto as Annex A and to deliver
such counterpart to the Initial Purchasers no later than five Business Days following such Additional Guarantor executing its guarantee under any Indenture. 

(t) Use their reasonable best efforts to take all other steps reasonably necessary to effect the registration of the Exchange
Notes and/or Registrable Notes covered by a Registration Statement contemplated hereby. 
 The Issuer and the Guarantors may require each
seller of Registrable Notes as to which any registration is being effected to furnish to the Issuer such information regarding such seller and the distribution of such Registrable Notes as the Issuer may, from time to time, reasonably request. The
Issuer and the Guarantors may exclude from such registration the Registrable Notes of any seller so long as such seller fails to furnish such information within a reasonable time after receiving such request. Each seller as to which any Shelf
Registration is being effected agrees to furnish promptly to the Issuer all information required to be disclosed in order to make the information previously furnished to the Issuer by such seller not materially misleading. 

If any such Registration Statement refers to any Holder by name or otherwise as the holder of any securities of the Issuer and the Guarantors,
then such Holder shall have the right to require (i) the insertion therein of language, in form and substance reasonably satisfactory to such Holder, to the effect that the holding by such Holder of such securities is not to be construed as a
recommendation by such Holder of the investment quality of the securities covered thereby and that such holding does not imply that such Holder will assist in meeting any future financial requirements of the Issuer or the Guarantors, or (ii) in
the event that such reference to such Holder by name or otherwise is not required by the Securities Act or any similar federal statute then in force, the deletion of the reference to such Holder in any amendment or supplement to the Registration
Statement filed or prepared subsequent to the time that such reference ceases to be required. 
 Each Holder of Registrable Notes and each
Participating Broker-Dealer agrees by its acquisition of such Registrable Notes or Exchange Notes to be sold by such Participating Broker-Dealer, as the case may be, that, upon actual receipt of any notice from the Issuer of the happening of any
event of the kind described in Section 6(c)(ii), 6(c)(iv), 6(c)(v) or 6(c)(vi) hereof, such Holder will forthwith discontinue disposition of such Registrable Notes covered by such Registration Statement or Prospectus or Exchange Notes to be
sold by such Holder or Participating Broker-Dealer, as the case may be, until such Holder’s or Participating Broker-Dealer’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 6(k) hereof, or until
it is advised in writing (the “Advice”) by the Issuer that the use of the applicable Prospectus may be resumed, and has received copies of any amendments or supplements thereto. In the event that the Issuer shall give any such
notice, each of the Applicable Period and the Effectiveness Period shall be extended by the number of days during such periods from and including the date of the giving of such notice to and including the date when each seller of Registrable Notes
covered by such Registration Statement or Exchange Notes to be sold by such Participating Broker-Dealer, as the case may be, shall have received (x) the copies of the supplemented or amended Prospectus contemplated by Section 6(k) hereof
or (y) the Advice. 

  
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 7. Registration Expenses. 

All fees and expenses incident to the performance of or compliance with this Agreement by the Issuer and the Guarantors of their respective
obligations under Sections 2, 3, 4, 6 and 9 hereof shall be borne by the Issuer and the Guarantors, jointly and severally, whether or not the Exchange Offer Registration Statement or any Shelf Registration Statement is filed or becomes effective or
the Exchange Offer is consummated, including, without limitation, (i) all registration and filing fees (including, without limitation, (A) fees with respect to filings required to be made with FINRA in connection with an underwritten
offering and (B) fees and expenses of compliance with state securities or Blue Sky laws (including, without limitation, reasonable fees and disbursements of counsel in connection with Blue Sky qualifications of the Registrable Notes or Exchange
Notes and determination of the eligibility of the Registrable Notes or Exchange Notes for investment under the laws of such jurisdictions in the United States (x) where the holders of Registrable Notes are located, in the case of the Exchange
Notes, or (y) as provided in Section 6(h) hereof, in the case of Registrable Notes or Exchange Notes to be sold by a Participating Broker-Dealer during the Applicable Period)), (ii) printing expenses, including, without limitation,
printing prospectuses if the printing of prospectuses is requested by the managing underwriter or underwriters, if any, by the Holders of a majority in aggregate principal amount of the Registrable Notes included in any Registration Statement or in
respect of Registrable Notes or Exchange Notes to be sold by any Participating Broker-Dealer during the Applicable Period, as the case may be, (iii) fees and expenses of the Trustee, any exchange agent and their counsel, (iv) fees and
disbursements of counsel for the Issuer and the Guarantors and, in the case of a Shelf Registration, reasonable fees and disbursements of one special counsel for all of the sellers of Registrable Notes selected by the Holder of a majority in
aggregate principal amount of Registrable Notes covered by such Shelf Registration (which counsel shall be reasonably satisfactory to the Issuer) exclusive of any counsel retained pursuant to Section 8 hereof), (v) fees and disbursements of all
independent registered public accountants referred to in Section 6(m) hereof (including, without limitation, the expenses of any “cold comfort” letters required by or incident to such performance), (vi) rating agency fees, if any, and
any fees associated with making the Registrable Notes or Exchange Notes eligible for trading through The Depository Trust Company, (vii) Securities Act liability insurance, if the Issuer and the Guarantors desire such insurance,
(viii) fees and expenses of all other Persons retained by the Issuer and the Guarantors, (ix) internal expenses of the Issuer and the Guarantors (including, without limitation, all salaries and expenses of officers and employees of the
Issuer or the Guarantors performing legal or accounting duties), (x) the expense of any annual audit, (xi) any fees and expenses incurred in connection with the listing of the securities to be registered on any securities exchange, and the
obtaining of a rating of the securities, in each case, if applicable and (xii) the expenses relating to printing, word processing and distributing all Registration Statements, underwriting agreements, indentures and any other documents
necessary in order to comply with this Agreement. 
 8. Indemnification and Contribution. 

(a) The Issuer and the Guarantors agree, jointly and severally, to indemnify and hold harmless each Holder of Registrable Notes and each
Participating Broker-Dealer selling Exchange Notes during the Applicable Period, and each Person, if any, who controls any such Persons or its affiliates within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act (each, a “Participant”) against any losses, claims, damages or liabilities, joint or several, to which any Participant may become subject under the Securities Act, the Exchange Act or otherwise, insofar as any such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon: 
 (i) any untrue statement or
alleged untrue statement of any material fact contained in any Registration Statement (or any amendment thereto) or Prospectus (as amended or supplemented if the Issuer and the Guarantors shall have furnished any amendments or supplements thereto)
or any preliminary prospectus; or 

  
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 (ii) the omission or alleged omission to state, in any Registration
Statement (or any amendment thereto) or Prospectus (as amended or supplemented if the Issuer and the Guarantors shall have furnished any amendments or supplements thereto) or any preliminary prospectus or any other document or any amendment or
supplement thereto, a material fact required to be stated therein or necessary to make the statements therein not misleading, except, in each case, insofar as such losses, claims, damages or liabilities are arising out of or based upon any untrue
statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to any Initial Purchaser or any Holder furnished to the Issuer in writing through the Initial Purchasers or any
selling Holder expressly for use therein; 
 and agrees (subject to the limitations set forth in this sentence) to reimburse, as incurred, the Participant
for any reasonable legal or other expenses incurred by the Participant in connection with investigating, defending against or appearing as a third-party witness in connection with any such loss, claim, damage, liability or action; provided,
however, the Issuer and the Guarantors 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 untrue statement or alleged untrue statement or omission or alleged
omission made in any Registration Statement (or any amendment thereto) or Prospectus (as amended or supplemented if the Issuer and the Guarantors shall have furnished any amendments or supplements thereto) or any preliminary prospectus or any
amendment or supplement thereto in reliance upon and in conformity with written information relating to any Participant furnished to the Issuer by such Participant specifically for use therein. The indemnity provided for in this Section 8 will
be in addition to any liability that the Issuer and the Guarantors may otherwise have to the indemnified parties. The Issuer and the Guarantors shall not be liable under this Section 8 to any indemnified party regarding any settlement 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 is consented to by the Issuer and the Guarantors, which consent shall not be unreasonably withheld. 

(b) Each Participant, severally and not jointly, agrees to indemnify and hold harmless the Issuer, the Guarantors, their respective directors
(or equivalent), officers who sign any Registration Statement and each person, if any, who controls the Issuer or any Guarantor within the meaning of Section 15 of the Act or Section 20 of the Exchange Act against any losses, claims,
damages or liabilities to which the Issuer or the Guarantors or any such director, officer or controlling person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages or liabilities (or
actions in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in any Registration Statement or Prospectus, any amendment or supplement thereto, or any preliminary
prospectus, or (ii) the omission or the alleged omission to state therein a material fact necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue
statement or omission or alleged omission was made in reliance upon and in conformity with written information concerning such Participant, furnished to the Issuer by or on behalf of such Participant, specifically for use therein; and subject to the
limitation set forth immediately preceding this clause, will reimburse, as incurred, any reasonable legal or other expenses incurred by the Issuer or the Guarantors or any such director, officer or controlling person in connection with investigating
or defending against or appearing as a third party witness in connection with any such loss, claim, damage, liability or action in respect thereof. The indemnity provided for in this Section 8 will be in addition to any liability that the
Participants may otherwise have to the indemnified parties. The Participants shall not be liable under this Section 8 to any indemnified party regarding any settlement 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 is 

  
 -18- 

 
consented to by the Participants, which consent shall not be unreasonably withheld. The Issuer and the Guarantors shall not, without the prior written consent of such Participant, effect any
settlement or compromise of any pending or threatened proceeding in respect of which such Participant is or could have been a party, or indemnity could have been sought hereunder by such Participant, unless such settlement (A) includes an
unconditional written release of such Participant, in form and substance reasonably satisfactory to such Participant, from all liability on claims that are the subject matter of such proceeding and (B) does not include any statement as to an
admission of fault, culpability or failure to act by or on behalf of such Participant. 
 (c) Promptly after receipt by an indemnified party
under this Section 8 of 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 8, notify the indemnifying party of the
commencement thereof in writing; but the omission to so notify the indemnifying party (i) will not relieve it from any liability under paragraph (a) or (b) above unless and to the extent such indemnifying party 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 paragraphs (a) and (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 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 (based on the advice of
counsel to the indemnified person); (ii) such action includes both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded (based on the advice of counsel to the indemnified person) 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 reasonably 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 to employ separate counsel at the expense of the
indemnifying party. It is understood and agreed that the indemnifying person shall not, in connection with any proceeding or separate but related or substantially similar proceedings in the same jurisdiction arising out of the same general
allegations or circumstances, be liable for the reasonable fees and expenses of more than one separate firm (in addition to any local counsel) representing the indemnified parties under paragraph (a) or paragraph (b) of this
Section 8, as the case may be, who are parties to such action or actions. Any such separate firm for any Participants shall be designated in writing by Participants who sold a majority in interest of the Registrable Notes and Exchange Notes
sold by all such Participants in the case of paragraph (a) of this Section 8 or the Issuer or the Guarantors in the case of paragraph (b) of this Section 8. In the event that any Participants are indemnified persons collectively
entitled, in connection with a proceeding or separate but related or substantially similar proceedings in a single jurisdiction, to the payment of fees and expenses of a single separate firm under this Section 8(c), and any such Participants
cannot agree to a mutually acceptable separate firm to act as counsel thereto, then such separate firm for all such Indemnified Persons shall be designated in writing by Participants who sold a majority in interest of the Registrable Notes and
Exchange Notes sold by all such Participants. 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

  
 -19- 

 
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 and does not include any statement as to, or any admission
of, fault, culpability or failure to act by or on behalf of any indemnified party. All fees and expenses that are reimbursable pursuant to this paragraph (c) shall be reimbursed as they are incurred. 

(d) After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof and approval by such
indemnified party of counsel appointed to defend such action, the indemnifying party will not be liable to such indemnified party under this Section 8 for any legal or other expenses, other than reasonable costs of investigation, subsequently
incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed separate counsel in accordance with the third sentence of paragraph (c) of this Section 8 or (ii) the
indemnifying party has authorized in writing the employment of counsel for the indemnified party at the expense of the indemnifying party. After such notice from the indemnifying party to such indemnified party, the indemnifying party will not be
liable for the costs and expenses of any settlement of such action effected by such indemnified party without the prior written consent of the indemnifying party (which consent shall not be unreasonably withheld), unless such indemnified party
waived in writing its rights under this Section 8, in which case the indemnified party may effect such a settlement without such consent. 

(e) In circumstances in which the indemnity agreement provided for in the preceding paragraphs of this Section 8 is unavailable to, or
insufficient to hold harmless, an indemnified party in respect of any losses, claims, damages or liabilities (or actions in respect thereof) (other than by virtue of the failure of an indemnified party to notify the indemnifying party of its right
to indemnification pursuant to paragraph (a) or (b) of this Section 8, where such failure materially prejudices the indemnifying party (through the forfeiture of substantial rights or defenses)), each indemnifying party, in order to
provide for just and equitable contribution, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion as is appropriate to
reflect (i) the relative benefits received by the indemnifying party or parties on the one hand and the indemnified party on the other from the offering of the Securities or (ii) if the allocation provided by the foregoing clause
(i) is not permitted by applicable law, not only such relative benefits but also the relative fault of the indemnifying party or parties on the one hand and the indemnified party on the other in connection with the statements or omissions or
alleged statements or omissions that resulted in such losses, claims, damages or liabilities (or actions in respect thereof). The relative benefits received by the Issuer and the Guarantors on the one hand and such Participant on the other shall be
deemed to be in the same proportion that the total net proceeds from the offering (before deducting expenses) of the Securities received by the Issuer bear to the total discounts and commissions received by such Participant in connection with the
sale of the Securities (or if such Participant did not receive discounts or commissions, the value the Securities sold). The relative fault of the parties 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 Issuer and the Guarantors on the one hand, or the Participants on the other, the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such statement or omission or alleged statement or omission, and any other equitable considerations appropriate in the circumstances. The parties agree that it would not be
equitable if the amount of such contribution were determined by pro rata or per capita allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the first sentence of this paragraph
(e). Notwithstanding any other provision of this paragraph (e), no Participant shall be obligated to make contributions hereunder that in the aggregate exceed the total discounts, commissions and other compensation or net proceeds on the sale of

  
 -20- 

 
Securities received by such Participant in connection with the sale of the Securities, less the aggregate amount of any damages that such Participant has otherwise been required to pay by reason
of the untrue or alleged untrue statements or the omissions or alleged omissions to state a material fact, and no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this paragraph (e), each person, if any, who controls a Participant within the meaning of Section 15 of the Act or Section 20 of the
Exchange Act shall have the same rights to contribution as the Participants, and each director and officer of the Issuer and the Guarantors and each person, if any, who controls the Issuer or any Guarantor within the meaning of Section 15 of
the Securities Act or Section 20 of the Exchange Act, shall have the same rights to contribution as the Issuer and the Guarantors. 

9. Rule 144A. 
 The
Issuer and the Guarantors covenant and agree that they will use reasonable best efforts to file the reports required to be filed by them under the Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder in a
timely manner in accordance with the requirements of the Securities Act and the Exchange Act and, if at any time the Issuer and the Guarantors are not required to file such reports, the Issuer and the Guarantors will, upon the request of any Holder
or beneficial owner of Registrable Notes, make available such information necessary to permit sales pursuant to Rule 144A. The Issuer and the Guarantors further covenant and agree, for so long as any Registrable Notes remain outstanding that they
will take such further action as any Holder of Registrable Notes may reasonably request, all to the extent required from time to time to enable such holder to sell Registrable Notes without registration under the Securities Act within the limitation
of the exemptions provided by Rule 144A unless the Issuer is then subject to Section 13 or 15(d) of the Exchange Act and reports filed thereunder satisfy the information requirements of Rule 144A then in effect. 

10. Underwritten Registrations. 

The Issuer and the Guarantors shall not be required to assist in an underwritten offering unless requested by the Holders of a majority in
aggregate principal amount of the Registrable Notes. If any of the Registrable Notes covered by any Shelf Registration are to be sold in an underwritten offering, the underwriters and managers that will manage the offering will be selected by the
Holders of a majority in aggregate principal amount of such Registrable Notes included in such offering and shall be reasonably acceptable to the Issuer and the Guarantors. 

No Holder of Registrable Notes may participate in any underwritten registration hereunder unless such Holder (a) agrees to sell such
Holder’s Registrable Notes on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents required under the terms of such underwriting arrangements. 
 11. Miscellaneous. 

(a) No Inconsistent Agreements. The Issuer and the Guarantors have not as of the date hereof, and the Issuer and the Guarantors shall
not, after the date of this Agreement, enter into any agreement with respect to any of the Issuer’s securities that is inconsistent with the rights granted to the Holders of Registrable Notes 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 Issuer’s other issued and outstanding securities under any such agreements.
The Issuer and the Guarantors will not enter into any agreement with respect to any of the Issuer’s securities which will grant to any Person “piggy-back” registration rights with respect to any Registration Statement. 

  
 -21- 

 (b) Adjustments Affecting Registrable Notes. The Issuer and the Guarantors shall not,
directly or indirectly, take any action with respect to the Registrable Notes as a class that would adversely affect the ability of the Holders of Registrable Notes to include such Registrable Notes in a registration undertaken pursuant to this
Agreement. 
 (c) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers
or consents to departures from the provisions hereof may not be given, otherwise than with the prior written consent of (i) the Issuer and the Guarantors, and (ii) (a) the Holders of not less than a majority in aggregate principal amount
of the then outstanding Registrable Notes and (b) in circumstances that would adversely affect the Participating Broker-Dealers, the Participating Broker-Dealers holding not less than a majority in aggregate principal amount of the Exchange
Notes held by all Participating Broker-Dealers; provided, however, that Section 8 and this Section 11(c) may not be amended, modified or supplemented without the prior written consent of each Holder and each Participating
Broker-Dealer (including any person who was a Holder or Participating Broker-Dealer of Registrable Notes or Exchange Notes, as the case may be, disposed of pursuant to any Registration Statement) affected by any such amendment, modification or
supplement. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of Holders of Registrable Notes whose securities are being sold pursuant to a
Registration Statement and that does not directly or indirectly affect, impair, limit or compromise the rights of other Holders of Registrable Notes may be given by Holders of at least a majority in aggregate principal amount of the Registrable
Notes being sold pursuant to such Registration Statement. 
 (d) Notices. All notices and other communications (including, without
limitation, any notices or other communications to the Trustee and the registrar, paying agent and transfer agent) provided for or permitted hereunder shall be made in writing by hand-delivery, registered first-class mail, next-day air courier, facsimile or email: 
 (i) if to a Holder of the Registrable Notes or
any Participating Broker-Dealer, at the most current address of such Holder or Participating Broker-Dealer, as the case may be, set forth on the records of the registrar under each Indenture, with a copy in like manner to the Initial Purchasers as
follows: 
 Citigroup Global Markets Inc. 

388 Greenwich St. 

New York, New York 10013 

Facsimile No.: (212) 816-7912 

Attention: General Counsel 

with a copy to: 

Cahill Gordon & Reindel LLP 

32 Old Slip 

New York, New York 10005 

Attention: William Miller, Esq. 

(ii) if to the Initial Purchasers, at the address specified in Section 11(d)(i); 

  
 -22- 

 (iii) if to the Issuer and the Guarantors, at the address as follows: 

HCA Inc. 

One Park Plaza 

Nashville, Tennessee 37203 

Facsimile No.: (615) 344-1531 

Attention: John Hackett; Michael McAlevey 

Email: John.Hackett@HCAHealthcare.com; 

Michael.McAlevey@hcahealthcare.com 

with a copy to: 

Cleary Gottlieb Steen & Hamilton LLP 

One Liberty Plaza 

New York, New York 10006 

Attention: David Lopez, Esq. 

Email: dlopez@cgsh.com 

All such notices and communications shall be deemed to have been duly given: when delivered by hand, if personally delivered; five Business
Days after being deposited in the mail, postage prepaid, if mailed; one Business Day after being timely delivered to a next-day air courier; and upon written confirmation, if sent by facsimile or email. 

Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee or
the registrar, paying agent and/or transfer agent at the respective addresses and in the manner specified in such Indenture. 
 (e)
Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the parties hereto, the Holders and the Participating Broker-Dealers; provided, however, that nothing
herein shall be deemed to permit any assignment, transfer or other disposition of Registrable Notes in violation of the terms of the Purchase Agreement or each Indenture. 

(f) 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. Delivery of this Agreement by one party to the other may be made by facsimile, electronic mail (including any
electronic signature complying with the New York Electronic Signatures and Records Act (N.Y. State Tech. §§ 301-309), as amended from time to time, or other applicable law) or other transmission
method, and the parties hereto agree that any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. 

(g) Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning
hereof. 
 (h) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED ENTIRELY WITHIN THE STATE OF NEW YORK. EACH OF THE PARTIES HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
ARISING OUT OF OR RELATING TO THIS AGREEMENT. 

  
 -23- 

 (i) Severability. If any term, provision, covenant or restriction of this Agreement
is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected,
impaired or invalidated, and the parties hereto shall use their best efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is
hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or
unenforceable. 
 (j) Notes Held by the Issuer or Its Affiliates. Whenever the consent or approval of Holders of a specified
percentage of Registrable Notes is required hereunder, Registrable Notes held by the Issuer or its affiliates (as such term is defined in Rule 405 under the Securities Act) shall not be counted in determining whether such consent or approval was
given by the Holders of such required percentage. 
 (k) Third-Party Beneficiaries. Holders of Registrable Notes and Participating
Broker-Dealers are intended third-party beneficiaries of this Agreement, and this Agreement may be enforced by such Persons. 
 (l)
Entire Agreement. This Agreement, together with the Purchase Agreement and the Indentures, is intended by the parties as a final and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter
contained herein and therein and any and all prior oral or written agreements, representations, or warranties, contracts, understandings, correspondence, conversations and memoranda between the Holders on the one hand and the Issuer and the
Guarantors on the other, or between or among any agents, representatives, parents, subsidiaries, affiliates, predecessors in interest or successors in interest with respect to the subject matter hereof and thereof are merged herein and replaced
hereby. 

  
 -24- 

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

			
	HCA INC.
		
	By:	 	/s/ John M. Hackett
		 	Name: John M. Hackett
		 	Title: Senior Vice President — Finance &Treasurer
	
	HCA HEALTHCARE, INC.
		
	By:	 	/s/ John M. Hackett
		 	Name: John M. Hackett
		 	Title: Senior Vice President — Finance &Treasurer
	
	Each of the SUBSIDIARY GUARANTORS listed on Schedule I-A hereto (other than MediCredit, Inc.)
		
	By:	 	/s/ John M. Franck II
		 	Name: John M. Franck II
		 	Title: Authorized Signatory
	
	MEDICREDIT, INC.
		
	By:	 	/s/ Shannon Dauchot
		 	Name: Shannon Dauchot
		 	Title: President & CEO
	
	Each of the SUBSIDIARY GUARANTORS listed on Schedule I-B hereto (other than MH Master Holdings, LLLP)
	
	By: MH Master, LLC, as General Partner
		
	By:	 	/s/ John M. Franck II
		 	Name: John M. Franck II
		 	Title: Vice President and Assistant Secretary

  
 Signature Page to
Registration Rights Agreement 

 
			
	MH MASTER HOLDINGS, LLLP
	
	By: MH Hospital Manager, LLC, as General Partner
		
	By:	 	/s/ John M. Franck II
		 	Name: John M. Franck II
		 	Title: Vice President and Assistant Secretary

  
 Signature Page to
Registration Rights Agreement 

 The foregoing Agreement is hereby 

confirmed and accepted as of the 
 date first above written. 

 

			
	CITIGROUP GLOBAL MARKETS INC.
		
	By:	 	Citigroup Global Markets Inc.
		
	By:	 	/s/ Brian D. Bednarski
		 	Name: Brian D. Bednarski
		 	Title: Managing Director, Transaction Execution Group

 For itself and as a Representative of the 

several other several Initial Purchasers 
  

  
 Signature Page to
Registration Rights Agreement 

			
	BOFA SECURITIES, INC.
		
	By:	 	BofA Securities, Inc.
		
	By:	 	/s/ Douglas Muller
		 	Name: Douglas Muller
		 	Title: Managing Director

 For itself and as a Representative of the 

several other several Initial Purchasers 

  
 Signature Page to
Registration Rights Agreement 

			
	J.P. MORGAN SECURITIES LLC
		
	By:	 	J.P. Morgan Securities LLC
		
	By:	 	/s/ Som Bhattacharyya
		 	Name: Som Bhattacharyya
		 	Title: Executive Director

 For itself and as a Representative of the 

several other several Initial Purchasers 

  
 Signature Page to
Registration Rights Agreement 

			
	MORGAN STANLEY & CO. LLC
		
	By:	 	Morgan Stanley & Co. LLC
		
	By:	 	/s/ Keren Ehrenfeld
		 	Name: Keren Ehrenfeld
		 	Title: Managing Director
		 	

 For itself and as a Representative of the 

several other several Initial Purchasers 

  
 Signature Page to
Registration Rights Agreement 

 Annex A 

Counterpart to Registration Rights Agreement 

The undersigned hereby absolutely, unconditionally and irrevocably agrees as a Guarantor (as defined in the Registration Rights Agreement,
dated as of March 9, 2022 by and among HCA Inc., a Delaware corporation (the “Issuer”), HCA Healthcare, Inc., a Delaware corporation (the “Parent Guarantor”), each subsidiary of the Issuer party thereto (the
“Subsidiary Guarantors”) and Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, for themselves and as representatives (the “Representatives”) of
the initial purchasers listed on Schedule I of the Purchase Agreement (as defined in the Registration Rights Agreement) (the “Initial Purchasers”), to be bound by the terms and provisions of such Registration Rights Agreement. 

IN WITNESS WHEREOF, the undersigned has executed this counterpart as of
                     20[     ]. 

 

			
	[NAME]
		
	By:	 	 
		 	Name:
		 	Title:

 SCHEDULE I-A 

Certain Subsidiary Guarantors 
 American
Medicorp Development Co. 
 Bay Hospital, Inc. 
 Brigham City
Community Hospital, Inc. 
 Brookwood Medical Center of Gulfport, Inc. 

Capital Division, Inc. 
 Centerpoint Medical Center of
Independence, LLC 
 Central Florida Regional Hospital, Inc. 

Central Shared Services, LLC 
 Central Tennessee Hospital
Corporation 
 CHCA Bayshore, L.P. 
 CHCA Conroe, L.P. 

CHCA Mainland, L.P. 
 CHCA Pearland, L.P. 

CHCA West Houston, L.P. 
 CHCA Woman’s Hospital, L.P. 

Chippenham & Johnston-Willis Hospitals, Inc. 
 Citrus
Memorial Hospital, Inc. 
 Citrus Memorial Property Management, Inc. 

Clinical Education Shared Services, LLC 
 Colorado Health Systems,
Inc. 
 Columbia ASC Management, L.P. 
 Columbia Florida Group,
Inc. 
 Columbia Healthcare System of Louisiana, Inc. 
 Columbia
Jacksonville Healthcare System, Inc. 
 Columbia LaGrange Hospital, LLC 

Columbia Medical Center of Arlington Subsidiary, L.P. 
 Columbia
Medical Center of Denton Subsidiary, L.P. 
 Columbia Medical Center of Las Colinas, Inc. 

Columbia Medical Center of Lewisville Subsidiary, L.P. 
 Columbia
Medical Center of McKinney Subsidiary, L.P. 
 Columbia Medical Center of Plano Subsidiary, L.P. 

Columbia North Hills Hospital Subsidiary, L.P. 
 Columbia Ogden
Medical Center, Inc. 
 Columbia Parkersburg Healthcare System, LLC 

Columbia Physician Services—Florida Group, Inc. 
 Columbia
Plaza Medical Center of Fort Worth Subsidiary, L.P. 
 Columbia Rio Grande Healthcare, L.P. 

Columbia Riverside, Inc. 
 Columbia Valley Healthcare System, L.P.

 Columbia/Alleghany Regional Hospital Incorporated 

Columbia/HCA John Randolph, Inc. 
 Columbine Psychiatric Center,
Inc. 
 Columbus Cardiology, Inc. 
 Conroe Hospital Corporation

 Cy-Fair Medical Center Hospital, LLC 

  
 Schedule I-A-1 

 Dallas/Ft. Worth Physician, LLC 

Davie Medical Center, LLC 
 Dublin Community Hospital, LLC 

East Florida—DMC, Inc. 
 Eastern Idaho Health Services, Inc.

 Edward White Hospital, Inc. 
 El Paso Surgicenter, Inc. 

Encino Hospital Corporation, Inc. 
 EP Health, LLC 

Fairview Park GP, LLC 
 Fairview Park, Limited Partnership 

FMH Health Services, LLC 
 Frankfort Hospital, Inc. 

Galen Property, LLC 
 GenoSpace, LLC 

Good Samaritan Hospital, L.P. 
 Goppert-Trinity Family Care, LLC

 GPCH-GP, Inc. 
 Grand
Strand Regional Medical Center, LLC 
 Green Oaks Hospital Subsidiary, L.P. 

Greenview Hospital, Inc. 
 H2U Wellness Centers, LLC 

HCA—IT&S Field Operations, Inc. 
 HCA—IT&S
Inventory Management, Inc. 
 HCA American Finance LLC 
 HCA
Central Group, Inc. 
 HCA Eastern Group, Inc. 
 HCA Health
Services of Florida, Inc. 
 HCA Health Services of Louisiana, Inc. 

HCA Health Services of Tennessee, Inc. 
 HCA Health Services of
Virginia, Inc. 
 HCA Management Services, L.P. 
 HCA Pearland
GP, Inc. 
 HCA Realty, Inc. 

HCA-HealthONE LLC 

HD&S Successor, LLC 
 Health Midwest Office Facilities
Corporation 
 Health Midwest Ventures Group, Inc. 
 HealthTrust
Workforce Solutions, LLC 
 Hendersonville Hospital Corporation 

hInsight-Mobile Heartbeat Holdings, LLC 
 Hospital Corporation of
Tennessee 
 Hospital Corporation of Utah 
 Hospital Development
Properties, Inc. 
 Houston—PPH, LLC 
 Houston NW Manager,
LLC 
 HPG Enterprises, LLC 
 HSS Holdco, LLC 

HSS Systems, LLC 
 HSS Virginia, L.P. 

HTI Memorial Hospital Corporation 

  
 Schedule I-A-2 

 HTI MOB, LLC 

Integrated Regional Lab, LLC 
 Integrated Regional Laboratories,
LLP 
 JFK Medical Center Limited Partnership 
 JPM AA Housing,
LLC 
 KPH-Consolidation, Inc. 

Lakeview Medical Center, LLC 
 Largo Medical Center, Inc. 

Las Encinas Hospital 
 Las Vegas Surgicare, Inc. 

Lawnwood Medical Center, Inc. 
 Lewis-Gale Hospital, Incorporated

 Lewis-Gale Medical Center, LLC 
 Lewis-Gale Physicians, LLC

 Lone Peak Hospital, Inc. 
 Los Robles Regional Medical Center

 Management Services Holdings, Inc. 
 Marietta Surgical
Center, Inc. 
 Marion Community Hospital, Inc. 
 MCA Investment
Company 
 Medical Centers of Oklahoma, LLC 
 Medical Office
Buildings of Kansas, LLC 
 MediCredit, Inc. 
 Memorial
Healthcare Group, Inc. 
 MH Hospital Holdings, Inc. 
 MH
Hospital Manager, LLC 
 MH Master, LLC 
 Midwest
Division—ACH, LLC 
 Midwest Division—LSH, LLC 

Midwest Division—MCI, LLC 
 Midwest Division—MMC, LLC

 Midwest Division—OPRMC, LLC 
 Midwest Division—RBH,
LLC 
 Midwest Division—RMC, LLC 
 Midwest Holdings, Inc.

 Mobile Heartbeat, LLC 
 Montgomery Regional Hospital, Inc.

 Mountain Division—CVH, LLC 
 Mountain View Hospital,
Inc. 
 Nashville Shared Services General Partnership 
 National
Patient Account Services, Inc. 
 New Iberia Healthcare, LLC 

New Port Richey Hospital, Inc. 
 New Rose Holding Company, Inc.

 North Florida Immediate Care Center, Inc. 
 North Florida
Regional Medical Center, Inc. 
 North Houston—TRMC, LLC 

North Texas—MCA, LLC 
 Northern Utah Healthcare Corporation

 Northern Virginia Community Hospital, LLC 
 Northlake Medical
Center, LLC 

  
 Schedule I-A-3 

 Notami Hospitals of Louisiana, Inc. 

Notami Hospitals, LLC 
 Okaloosa Hospital, Inc. 

Okeechobee Hospital, Inc. 
 Oklahoma Holding Company, LLC 

Outpatient Cardiovascular Center of Central Florida, LLC 

Outpatient Services Holdings, Inc. 
 Oviedo Medical Center, LLC

 Palms West Hospital Limited Partnership 
 Parallon Business
Solutions, LLC 
 Parallon Enterprises, LLC 
 Parallon Health
Information Solutions, LLC 
 Parallon Holdings, LLC 
 Parallon
Payroll Solutions, LLC 
 Parallon Physician Services, LLC 

Parallon Revenue Cycle Services, Inc. 
 Pasadena Bayshore
Hospital, Inc. 
 Pearland Partner, LLC 
 Plantation General
Hospital, L.P. 
 Poinciana Medical Center, Inc. 
 Primary
Health, Inc. 
 PTS Solutions, LLC 
 Pulaski Community Hospital,
Inc. 
 Putnam Community Medical Center of North Florida, LLC 

Reston Hospital Center, LLC 
 Retreat Hospital, LLC 

Rio Grande Regional Hospital, Inc. 
 Riverside Healthcare System,
L.P. 
 Riverside Hospital, Inc. 
 Samaritan, LLC 

San Jose Healthcare System, LP 
 San Jose Hospital, L.P. 

San Jose Medical Center, LLC 
 San Jose, LLC 

Sarah Cannon Research Institute, LLC 
 Sarasota Doctors Hospital,
Inc. 
 Savannah Health Services, LLC 
 SCRI Holdings, LLC 

Sebring Health Services, LLC 
 SJMC, LLC 

Southeast Georgia Health Services, LLC 
 Southern Hills Medical
Center, LLC 
 Southpoint, LLC 
 Spalding Rehabilitation L.L.C.

 Spotsylvania Medical Center, Inc. 
 Spring Branch Medical
Center, Inc. 
 Spring Hill Hospital, Inc. 
 Springfield Health
Services, LLC 
 SSHR Holdco, LLC 
 Sun City Hospital, Inc. 

Sunrise Mountainview Hospital, Inc. 

  
 Schedule I-A-4 

 Surgicare of Brandon, Inc. 

Surgicare of Florida, Inc. 
 Surgicare of Houston Women’s,
Inc. 
 Surgicare of Manatee, Inc. 
 Surgicare of Newport
Richey, Inc. 
 Surgicare of Palms West, LLC 
 Surgicare of
Riverside, LLC 
 Tallahassee Medical Center, Inc. 
 TCMC
Madison-Portland, Inc. 
 Terre Haute Hospital GP, Inc. 
 Terre
Haute Hospital Holdings, Inc. 
 Terre Haute MOB, L.P. 
 Terre
Haute Regional Hospital, L.P. 
 The Regional Health System of Acadiana, LLC 

Timpanogos Regional Medical Services, Inc. 
 Trident Medical
Center, LLC 
 U.S. Collections, Inc. 
 Utah Medco, LLC 

VH Holdco, Inc. 
 VH Holdings, Inc. 

Virginia Psychiatric Company, Inc. 
 Vision Consulting Group LLC

 Vision Holdings, LLC 
 Walterboro Community Hospital, Inc.

 WCP Properties, LLC 
 Weatherford Health Services, LLC 

Wesley Medical Center, LLC 
 West Florida—MHT, LLC 

West Florida—PPH, LLC 
 West Florida Regional Medical Center,
Inc. 
 West Valley Medical Center, Inc. 
 Western Plains
Capital, Inc. 
 WHMC, Inc. 
 Woman’s Hospital of Texas,
Incorporated 

  
 Schedule I-A-5 

 SCHEDULE I-B 

Certain Subsidiary Guarantors 

CarePartners HHA Holdings, LLLP 
 CarePartners HHA, LLLP 

CarePartners Rehabilitation Hospital, LLLP 
 MH Angel Medical
Center, LLLP 
 MH Blue Ridge Medical Center, LLLP 
 MH
Highlands-Cashiers Medical Center, LLLP 
 MH Master Holdings, LLLP 

MH Mission Hospital McDowell, LLLP 
 MH Mission Hospital, LLLP

 MH Mission Imaging, LLLP 
 MH Transylvania Regional Hospital,
LLLP 

  
 Schedule I-Bgern-ex41_123.htm

 

EXHIBIT 4.1

DESCRIPTION OF CAPITAL STOCK

References herein to “Geron,” “our,” “we,” “us” and the “Company” refer only to Geron Corporation.

General

Our restated certificate of incorporation, as amended, or the Restated Certificate, authorizes us to issue 675,000,000 shares of common stock, par value $0.001 per share, and 3,000,000 shares of preferred stock, par value $0.001 per share.

The following summary description of our capital stock is based on the provisions of our Restated Certificate, our amended and restated bylaws, as amended, or the Bylaws, and applicable provisions of the Delaware General Corporation Law, or DGCL. This information may not be complete in all respects and is qualified entirely by reference to the applicable provisions of our Restated Certificate, our Bylaws and the DGCL. The Restated Certificate and the Bylaws are filed as exhibits to this Annual Report on Form 10-K to which this Description of Capital Stock is an exhibit.

Common Stock

Shares of our common stock are the only security of the Company registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, or the Exchange Act. The holders of common stock are entitled to one vote for each share held of record on all matters submitted to a vote of the stockholders. Subject to preferences that may be applicable to any outstanding shares of the preferred stock, the holders of common stock are entitled to receive ratably such dividends as may be declared by the board of directors out of legally available funds. Upon our liquidation, dissolution or winding up, holders of our common stock are entitled to share ratably in all assets remaining after payment of liabilities and the liquidation preferences of any outstanding shares of preferred stock legally available for distribution to stockholders. Holders of common stock have no preemptive rights and no right to convert their common stock into any other securities. There are no redemption or sinking fund provisions applicable to the common stock. 

Preferred Stock

Pursuant to our Restated Certificate, our board of directors has the authority, without further action by our stockholders, to issue up to 3,000,000 shares of preferred stock in one or more series and to fix the designations, powers, preferences, privileges and relative participating, optional or special rights and the qualifications, limitations or restrictions thereof, including dividend rights, conversion rights, voting rights, terms of redemption and liquidation preferences, any or all of which may be greater than the rights of the common stock. The board of directors, without stockholder approval, can issue preferred stock with voting, conversion or other rights that could adversely affect the voting power and other rights of the holders of common stock. Preferred stock could thus be issued quickly with terms calculated to delay or prevent a change in control of our Company or make removal of management more difficult. Additionally, the issuance of preferred stock may have the effect of decreasing the market price of the common stock and may adversely affect the voting power of holders of common stock and reduce the likelihood that common stockholders will receive dividend payments and payments upon liquidation.

Anti-takeover Effects of Provisions of Charter Documents and Delaware Law

Charter Documents. Our Restated Certificate and Bylaws contain provisions that could discourage potential takeover attempts and make it more difficult for stockholders to change management, which could adversely affect the market price of our common stock. Our Restated Certificate limits the personal liability for monetary damages for breach of fiduciary duty of our directors to Geron and our stockholders to the fullest extent permitted by the DGCL. The inclusion of this provision in our Restated Certificate may reduce the likelihood of derivative litigation 

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against directors and may discourage or deter stockholders or management from bringing a lawsuit against directors for breach of their fiduciary duty. Our Restated Certificate provides that all stockholder action must be effected at a meeting of stockholders and not by a consent in writing. 

In addition, our Bylaws provide that special meetings of stockholders may only be called by the board of directors pursuant to a resolution adopted by a majority of the total number of authorized directors, the chairman of the board of directors, the chief executive officer or president (in the absence of a chief executive officer), or at the request in writing of stockholders owning a majority of the amount of our entire capital stock issued and outstanding and entitled to vote. Further, our Bylaws establish procedures, including advance notice procedures, with regard to the nomination of candidates for election as directors and stockholder proposals. Finally, our Bylaws provide that our stockholders may alter, amend or repeal our Bylaws or adopt new bylaws only by the affirmative vote of 662⁄3%  of the outstanding voting stock, but our board of directors may also unilaterally alter, amend, repeal our Bylaws or adopt new bylaws. 

Our Bylaws also provide for the board of directors to be divided into three classes of directors, with each class as nearly equal in number as possible, serving staggered three-year terms. As a result, approximately one-third of the board of directors will be elected each year. The classified board provision could have the effect of discouraging a third party from making a tender offer or attempting to obtain control of us. In addition, the classified board provision could delay stockholders who do not agree with the policies of the board of directors from removing a majority of the board of directors for two years.

These provisions may have the effect of delaying, deferring or preventing a change in control and may also delay or prevent changes in management of Geron, which could have an adverse effect on the market price of our common stock.

Delaware Law. We are subject to Section 203 of the DGCL. Section 203 generally prohibits a public Delaware corporation such as us from engaging in a "business combination" with an "interested stockholder" for a period of three years following the time that the stockholder became an interested stockholder, unless:

		
	
●
	
prior to the time the stockholder became an interested stockholder, the board of directors approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder;

	
●
	
upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of our voting stock outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding (but not the outstanding voting stock owned by the interested stockholder) (a) those shares owned by persons who are directors and also officers and (b) employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or

	
●
	
at or subsequent to the time the stockholder became an interested stockholder, the business combination is approved by the board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 662⁄3% of the outstanding voting stock which is not owned by the interested stockholder.

Section 203 defines a business combination to include:

		
	
●
	
any merger or consolidation involving the corporation and the interested stockholder;

	
●
	
any sale, lease, exchange, mortgage, pledge, transfer or other disposition (in one transaction or a series of transactions) involving the interested stockholder of 10% of the aggregate market value, determined on a consolidated basis, of either all of the assets of the corporation or its outstanding stock;

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●
	
subject to exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of 

the corporation to the interested stockholder;

	
●
	
subject to exceptions, any transaction involving the corporation that has the effect, directly or indirectly, of increasing the proportionate share of the stock or any class or series of the corporation beneficially owned by the interested stockholder; and

	
●
	
the receipt by the interested stockholder of the benefit, directly or indirectly (except proportionately as a stockholder of such corporation), of any loans, advances, guarantees, pledges or other financial benefits, other than certain benefits set forth in Section 203, provided by or through the corporation.

In general, Section 203 defines an “interested stockholder” as an entity or person who, together with the person’s affiliates and associates, beneficially owns, or within three years prior to the time of determination of interested stockholder status did own, 15% or more of the outstanding voting stock of the corporation.

Although Section 203 permits us to elect not to be governed by its provisions, we have not made this election. As a result of the application of Section 203, potential acquirers of Geron may be discouraged from attempting to effect an acquisition transaction with us, thereby possibly depriving holders of our securities of certain opportunities to sell or otherwise dispose of such securities at above-market prices pursuant to such transactions.

Forum Selection Bylaw

Unless we consent in writing to the selection of an alternative forum, to the fullest extent permitted by law, the sole and exclusive forum for (1) any derivative action or proceeding brought on behalf of Geron, (2) any action asserting a claim of breach of a fiduciary duty owed by any current or former director, officer, other employee or stockholder of Geron to Geron or to our stockholders, (3) any action asserting a claim arising pursuant to any provision of the DGCL, the Restated Certificate or the Bylaws or (4) any action asserting a claim governed by the internal affairs doctrine shall be a state or federal court located within the state of Delaware, in all cases subject to the court’s having personal jurisdiction over the indispensable parties named as defendants. Any person or entity purchasing or otherwise acquiring or holding any interest in shares of capital stock of Geron is deemed to have notice of and consented to the forum selection provisions of the Bylaws. This provision does not apply to actions arising under the Securities Act of 1933, as amended, or the Exchange Act, or any claim for which the federal courts have exclusive jurisdiction.

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