Document:

Exchange and Registration Rights Agreement, dated as of December 10, 2004

 Exhibit 4.6 
  

H-Lines Finance Holding Corp. 
  
 11.00% Senior Discount Notes due 2013 
  

  
 Exchange and Registration
Rights Agreement 
  
 December 10, 2004 
  
 Goldman, Sachs & Co. 
 UBS Securities LLC 
 As representatives of the several Purchasers 
 named in Schedule I to the Purchase Agreement 
 c/o Goldman,
Sachs & Co. 
 85 Broad Street 
 New York, New York 10004

  
 Ladies and Gentlemen: 
  
 H-Lines Finance Holding Corp., a Delaware corporation, (the
“Company”), proposes to issue and sell to the Purchasers (as defined herein) upon the terms set forth in the Purchase Agreement (as defined herein) $160,000,000 aggregate principal amount at maturity of its 11.00% Senior Discount
Notes due 2013. As an inducement to the Purchasers to enter into the Purchase Agreement and in satisfaction of a condition to the obligations of the Purchasers thereunder, the Company agrees with the Purchasers for the benefit of holders (as defined
herein) from time to time of the Registrable Securities (as defined herein) as follows: 
  
 1. Certain Definitions. For purposes of this Exchange and Registration Rights Agreement, the following terms shall have the following respective meanings: 
  
 “Accreted Value” shall have the meaning assigned thereto in
the Indenture (as defined herein). 
  
 “Base
Interest” shall mean the interest that would otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this Agreement. 
  
 The term “broker-dealer” shall mean any broker or dealer
registered with the Commission under the Exchange Act. 
  
 “Closing Date” shall mean the date on which the Securities are initially issued. 
  
 “Commission” shall mean the United States Securities and Exchange Commission, or any other federal agency at the time administering the
Exchange Act or the Securities Act, whichever is the relevant statute for the particular purpose. 
  
 “Effective Time,” in the case of (i) an Exchange Registration, shall mean the time and date as of which the Commission declares the
Exchange Registration Statement effective or as of which the Exchange Registration Statement otherwise becomes effective and (ii) a Shelf 

  

 
Registration, shall mean the time and date as of which the Commission declares the Shelf Registration Statement effective or as of which the Shelf
Registration Statement otherwise becomes effective. 
  
 “Electing Holder” shall mean any holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(d)(ii) or 3(d)(iii) hereof. 
  
 “Exchange Act” shall mean the Securities Exchange Act of
1934, or any successor thereto, as the same shall be amended from time to time. 
  
 “Exchange Offer” shall have the meaning assigned thereto in Section 2(a) hereof.  
  
 “Exchange Registration” shall have the meaning assigned thereto in Section 3(c) hereof. 
  
 “Exchange Registration Statement” shall have the meaning
assigned thereto in Section 2(a) hereof. 
  
 “Exchange
Securities” shall have the meaning assigned thereto in Section 2(a) hereof.  
  
 “Full Accretion Date” shall have the meaning assigned to it in the Indenture. 
  
 The term “holder” shall mean each of the Purchasers and other persons who acquire Registrable Securities from time to time (including any
successors or assigns), in each case for so long as such person owns any Registrable Securities. 
  
 “Indenture” shall mean the Indenture, dated as of December 10, 2004, between the Company and The Bank of New York Trust Company, N.A., as
Trustee, as the same shall be amended from time to time. 
  
 “Notice and Questionnaire” means a Notice of Registration Statement and Selling Securityholder Questionnaire substantially in the form of Exhibit A hereto. 
  
 The term “person” shall mean a corporation, association, partnership, organization, business, individual,
government or political subdivision thereof or governmental agency. 
  
 “Purchase Agreement” shall mean the Purchase Agreement, dated as of December 7, 2004, among the Purchasers and the Company relating to the Securities. 
  
 “Purchasers” shall mean the Purchasers named in Schedule I to the Purchase Agreement. 
  
 “Registrable Securities” shall mean the Securities;
provided, however, that a Security shall cease to be a Registrable Security when (i) in the circumstances contemplated by Section 2(a) hereof, the Security has been exchanged for an Exchange Security in an Exchange Offer as contemplated in
Section 2(a) hereof (provided that any Exchange Security that, pursuant to the last two sentences of Section 2(a), is included in a prospectus for use in connection with resales by broker-dealers shall be deemed to be a Registrable Security
with respect to Sections 5, 6 and 9 until resale of such Registrable Security has been effected within the 180-day period referred to in Section 2(a)); (ii) in the circumstances contemplated by 

  

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Section 2(b) hereof, a Shelf Registration Statement registering such Security under the Securities Act has been declared or becomes effective and such
Security has been sold or otherwise transferred by the holder thereof pursuant to and in a manner contemplated by such effective Shelf Registration Statement; (iii) such Security is sold pursuant to Rule 144 under circumstances in which any legend
borne by such Security relating to restrictions on transferability thereof, under the Securities Act or otherwise, is removed by the Company or pursuant to the Indenture; (iv) such Security is eligible to be sold pursuant to paragraph (k) of Rule
144; or (v) such Security shall cease to be outstanding. 
  
 “Registration Default” shall have the meaning assigned thereto in Section 2(c) hereof.  
  
 “Registration Expenses” shall have the meaning assigned thereto in Section 4 hereof.  
  
 “Resale Period’ shall have the meaning assigned thereto in
Section 2(a) hereof. 
  
 “Restricted Holder”
shall mean (i) a holder that is an affiliate of the Company within the meaning of Rule 405, (ii) a holder who acquires Exchange Securities outside the ordinary course of such holder’s business, (iii) a holder who has arrangements or
understandings with any person to participate in the Exchange Offer for the purpose of distributing Exchange Securities and (iv) a holder that is a broker-dealer, but only with respect to Exchange Securities received by such broker-dealer pursuant
to an Exchange Offer in exchange for Registrable Securities acquired by the broker-dealer directly from the Company. 
  
 “Rule 144,” “Rule 405” and “Rule 415” shall mean, in each case, such rule (or any successor provision) promulgated
under the Securities Act (or any successor provision), as the same shall be amended from time to time. 
  
 “Securities” shall mean, collectively, the 11.00% Senior Discount Notes due 2013 of the Company to be issued and sold to the Purchasers,
and securities issued in exchange therefor or in lieu thereof pursuant to the Indenture. 
  
 “Securities Act” shall mean the Securities Act of 1933, or any successor thereto, as the same shall be amended from time to time. 
  
 “Shelf Registration” shall have the meaning assigned thereto in Section 2(b) hereof. 
  
 “Shelf Registration Statement” shall have the meaning
assigned thereto in Section 2(b) hereof. 
  
 “Special
Interest” shall have the meaning assigned thereto in Section 2(c) hereof. 
  
 “Trust Indenture Act” shall mean the Trust Indenture Act of 1939, or any successor thereto, and the rules, regulations and forms promulgated thereunder, all as the same shall be amended from time to
time. 
  
 Unless the context otherwise requires, any reference
herein to a “Section” or “clause” refers to a Section or clause, as the case may be, of this Exchange and Registration Rights Agreement, and the words “herein,” “hereof and “hereunder” and other words of
similar import refer to this Exchange and Registration Rights Agreement as a whole and not to any particular Section or other subdivision. 
  

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 2. Registration Under the Securities Act. 
  
 (a) Except as set forth in Section 2(b) below, the Company
agrees to file under the Securities Act, as soon as practicable, but no later than 180 days after the Closing Date, a registration statement relating to an offer to exchange (such registration statement, the “Exchange Registration
Statement”, and such offer, the “Exchange Offer”) any and all of the Securities for a like Accreted Value of debt securities issued by the Company, which debt securities are substantially identical to the Securities (and are entitled
to the benefits of a trust indenture which is substantially identical to the Indenture or is the Indenture and which has been qualified under the Trust Indenture Act), except that they have been registered pursuant to an effective registration
statement under the Securities Act and do not contain provisions for the additional interest contemplated in Section 2(c) below (such new debt securities hereinafter called “Exchange Securities”). The Company agrees to use its reasonable
best efforts to cause the Exchange Registration Statement to become effective under the Securities Act as soon as practicable, but no later than 270 days after the Closing Date. The Exchange Offer will be registered under the Securities Act on the
appropriate form and will comply with all applicable tender offer rules and regulations under the Exchange Act. The Company further agrees to use its reasonable best efforts to commence and complete the Exchange Offer promptly, but no later than 45
days after such registration statement has become effective, hold the Exchange Offer open for at least 30 days and exchange Exchange Securities for all Registrable Securities that have been properly tendered and not withdrawn on or prior to the
expiration of the Exchange Offer. The Exchange Offer will be deemed to have been “completed” only if the debt securities received by holders other than Restricted Holders in the Exchange Offer for Registrable Securities are, upon receipt,
transferable by each such holder without restriction under the Securities Act and the Exchange Act and without material restrictions under the blue sky or securities laws of a substantial majority of the States of the United States of America. The
Exchange Offer shall be deemed to have been completed upon the earlier to occur of (i) the Company having exchanged the Exchange Securities for all outstanding Registrable Securities pursuant to the Exchange Offer and (ii) the Company having
exchanged, pursuant to the Exchange Offer, Exchange Securities for all Registrable Securities that have been properly tendered and not withdrawn before the expiration of the Exchange Offer, which shall be on a date that is at least 30 days following
the commencement of the Exchange Offer. The Company agrees (x) to include in the Exchange Registration Statement a prospectus for use in any resales by any holder of Exchange Securities that is a broker-dealer and (y) to keep such Exchange
Registration Statement effective for a period (the “Resale Period”) beginning when Exchange Securities are first issued in the Exchange Offer and ending upon the earlier of the expiration of the 180th day after the Exchange Offer has been
completed or such time as such broker-dealers no longer own any Registrable Securities. With respect to such Exchange Registration Statement, such holders shall have the benefit of the rights of indemnification and contribution set forth in Sections
6(a), (c), (d) and (e) hereof. 
  
 Each holder
participating in the Exchange Offer shall be required to represent to the Company that (i) any Exchange Securities received by such holder will be acquired in the ordinary course of business, (ii) at the time of the commencement of the Exchange
Offer such holder has no arrangements or understanding with any person to participate in the distribution of the Securities or the Exchange Securities within the meaning of the 

  

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Securities Act and (iii) such holder is not an “affiliate,” as defined in Rule 405 of the Securities Act of the Company. 
  
 (b) If (i) on or prior to the time the Exchange Offer is
completed existing Commission interpretations are changed such that the debt securities received by holders other than Restricted Holders in the Exchange Offer for Registrable Securities are not or would not be, upon receipt, transferable by each
such holder without restriction under the Securities Act, (ii) the Exchange Offer has not been completed within 300 days following the Closing Date, (iii) any Purchaser so requests with respect to Registrable Securities not eligible to be exchanged
for Exchange Securities in the Exchange Offer and held by it following consummation of the Exchange Offer or (iv) any holder (other than a Purchaser) shall be, and shall notify the Company that such holder is, prohibited by law or Commission policy
from participating in the Exchange Offer or such holder may not resell the Exchange Securities acquired in the Exchange Offer to the public without delivering a prospectus and the prospectus contained in the Exchange Registration Statement is not
available for such resales by such holder (other than in either case (x) due solely to the status of such holder as an affiliate of the Company within the meaning of the Securities Act or (y) due to such holder’s inability to make the
representations set forth in the second paragraph of Section 2(a) hereof) and any such holder so requests, the Company shall, in lieu of (or, in the case of clauses (iii) and (iv), in addition to) conducting the Exchange Offer contemplated by
Section 2(a), file under the Securities Act as soon as reasonably practicable, but no later than 60 days after the time such obligation to file arises, a “shelf registration statement providing for the registration of, and the sale on a
continuous or delayed basis by the holders of, all of the Registrable Securities (or in the case of clause (iii), the Registrable Securities held by the Purchasers), pursuant to Rule 415 or any similar rule that may be adopted by the Commission
(such filing, the “Shelf Registration” and such registration statement, the “Shelf Registration Statement”); provided that if the Shelf Registration Statement must be filed pursuant to clause (i) and the Exchange Registration
Statement has not yet been filed, the Company need not file the Shelf Registration Statement until 180 days after the Closing Date and the date of such filing shall be deemed to be the date on which the obligation to file such Shelf Registration
Statement arose for purposes of the next sentence. The Company agrees to use its reasonable best efforts (x) to cause the Shelf Registration Statement to become or be declared effective no later than 120 days after the date on which the obligation
to file such Shelf Registration Statement arises and to keep such Shelf Registration Statement continuously effective for a period ending on the earlier of the second anniversary of the Effective Time or such time as there are no longer any
Registrable Securities outstanding, provided, however, that no holder shall be entitled to be named as a selling securityholder in the Shelf Registration Statement or to use the prospectus forming a part thereof for resales of Registrable
Securities unless such holder is an Electing Holder, and (y) after the Effective Time of the Shelf Registration Statement, promptly upon the request of any holder of Registrable Securities that is not then an Electing Holder, to take any action
reasonably necessary to enable such holder to use the prospectus forming a part thereof for resales of Registrable Securities, including, without limitation, any action necessary to identify such holder as a selling securityholder in the Shelf
Registration Statement, provided, however, that nothing in this Clause (y) shall relieve any such holder of the obligation to return a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(d)(iii)
hereof. The Company further agrees to supplement or make 

  

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amendments to the Shelf Registration Statement, as and when required by the rules, regulations or instructions applicable to the registration form used by
the Company for such Shelf Registration Statement or by the Securities Act or rules and regulations thereunder for shelf registration, and the Company agrees to furnish to each Electing Holder copies of any such supplement or amendment prior to its
being used or promptly following its filing with the Commission. 
  
 Notwithstanding the foregoing, the Company may suspend the availability of any Shelf Registration Statement for up to an aggregate of 60 days in any consecutive twelve-month period if (i) such action is required by
applicable law, (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company’s obligations hereunder), including the acquisition or divestiture of assets, or (iii) with respect to
a Shelf Registration Statement required to be filed due to a failure to consummate the Exchange Offer within the required time period, such action occurs following the consummation of the Exchange Offer. 
  
 (c) In the event that (i) the Company has not filed the
Exchange Registration Statement nor a Shelf Registration Statement (applicable to all of the Registrable Securities) on or before 180 days after the Closing Date, or (ii) the Exchange Registration Statement has not become effective or been declared
effective by the Commission on or before 270 days after the Closing Date, or (iii) the Exchange Offer has not been consummated within 300 days after the Closing Date, or (iv) if a Shelf Registration Statement required to be filed under Section 2(b)
hereof is not declared effective on or before 120 days after the date on which the obligation to file the Shelf Registration Statement arises, or (v) if any Shelf Registration Statement required by Section 2(b) hereof is filed and declared
effective, and during the period the Company is required to use its reasonable best efforts to cause the Shelf Registration Statement to remain effective, (x) the Company shall have suspended the Shelf Registration Statement pursuant to Section 2(b)
hereof for more than 60 days in the aggregate in any consecutive twelve-month period and be continuing to suspend the availability of the Shelf Registration Statement or (y) the Shelf Registration Statement shall cease to be effective (other than by
action of the Company pursuant to the second paragraph of Section 2(b) hereof) without being succeeded immediately by an additional shelf registration statement that is filed and declared effective (each such event referred to in clauses (i) through
(v), a “Registration Default” and each period during which a Registration Default has occurred and is continuing, a “Registration Default Period”), then, as liquidated damages for such Registration Default, subject to the
provisions of Section 9(b), special interest (“Special Interest”), in addition to the Base Interest, shall accrue at a rate of 0.25% per annum of the average Accreted Value (during such 90-day period) for the first 90 days of the
Registration Default Period, at a rate of 0.50% per annum of the average Accreted Value (during such 90-day period) for the second 90 days of the Registration Default Period, at a rate of 0.75% per annum of the average Accreted Value (during such
90-day period) for the third 90 days of the Registration Default Period and at a rate of 1.0% per annum of the average Accreted Value (during each successive 90 day period after such third 90 day period) for the remaining portion of the Registration
Default Period. Any amounts of Special Interest due pursuant to this Section 2(c) shall be (i) if such Special Interest accrued on or prior to the Full Accretion Date, added to the Accreted Value of each applicable Security and (ii) if after the
Full Accretion Date, paid in cash on the interest payment dates specified in the relevant 

  

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Securities, in each case, payable by the Company to the Trustee, on behalf of the holders of the relevant Securities, commencing with the first such interest
payment date occurring after any such Special Interest commences to accrue. The amount of Special Interest will be determined by multiplying the applicable Special Interest rate by the Accreted Value of the Registrable Securities, multiplied by a
fraction, the numerator of which is the number of days such Special Interest were 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. The Special Interest provided for in this Section 2(c) shall be the exclusive monetary remedy available to holders of Securities for Registration Defaults. 
  
 (d) If during the 180 day period referenced in the
penultimate sentence of the first paragraph of Section 2(a) hereof the Exchange Offer Registration Statement is suspended by the Company or ceases to be effective such that any broker-dealer that (i) receives Exchange Securities in the Exchange
Offer and (ii) is subject to prospectus delivery requirements cannot fulfill such requirements, the Company shall pay Special Interest to such broker-dealers in an amount calculated in a manner consistent with that specified above with respect to
Registration Defaults. 
  
 (e) The Company shall
take all actions necessary or advisable to be taken by them to ensure that the transactions contemplated herein are effected as so contemplated. 
  
 (f) Any reference herein to a registration statement as of any time shall be deemed to include any document incorporated, or deemed to be
incorporated, therein by reference as of such time and any reference herein to any post-effective amendment to a registration statement as of any time shall be deemed to include any document incorporated, or deemed to be incorporated, therein by
reference as of such time. 
  
 3. Registration Procedures.

  
 If the Company files a registration statement pursuant to
Section 2(a) or Section 2(b), the following provisions shall apply: 
  
 (a) At or before the Effective Time of the Exchange Offer or the Shelf Registration, as the case may be, the Company shall qualify the Indenture under the Trust Indenture Act. 
  
 (b) In the event that such qualification would require the
appointment of a new trustee under the Indenture, the Company shall appoint a new trustee thereunder pursuant to the applicable provisions of the Indenture. 
  
 (c) In connection with the Company’s obligations with respect to the registration of Exchange Securities as contemplated by Section
2(a) (the “Exchange Registration”), if applicable, the Company shall, as soon as practicable (or as otherwise specified): 
  
 (i) prepare and file with the Commission, as soon as practicable but no later than 180 days after the Closing Date, an Exchange
Registration Statement on any form which may be utilized by the Company and which shall 

  

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permit the Exchange Offer and resales of Exchange Securities by broker-dealers during the Resale Period to be effected as contemplated by Section 2(a), and
use its reasonable best efforts to cause such Exchange Registration Statement to become effective as soon as practicable thereafter, but no later than 270 days after the Closing Date; 
  
 (ii) as soon as practicable prepare and file with the Commission such amendments and supplements to such
Exchange Registration Statement and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Exchange Registration Statement for the periods and purposes contemplated in Section 2(a) hereof and as may be
required by the applicable rules and regulations of the Commission and the instructions applicable to the form of such Exchange Registration Statement, and promptly provide each broker-dealer holding Exchange Securities with such number of copies of
the prospectus included therein (as then amended or supplemented), in conformity in all material respects with the requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder, as such
broker-dealer reasonably may request prior to the expiration of the Resale Period, for use in connection with resales of Exchange Securities; 
  
 (iii) promptly notify each broker-dealer that has requested or received copies of the prospectus included in such registration statement,
and confirm such advice in writing, (A) when such Exchange Registration Statement or the prospectus included therein or any prospectus amendment or supplement or post-effective amendment has been filed, and, with respect to such Exchange
Registration Statement or any post-effective amendment, when the same has become effective, (B) of any comments by the Commission and by the blue sky or securities commissioner or regulator of any state with respect thereto or any request by the
Commission for amendments or supplements to such Exchange Registration Statement or prospectus or for additional information, (C) of the issuance by the Commission of any stop order suspending the effectiveness of such Exchange Registration
Statement or the initiation or threatening of any proceedings for that purpose, (D) if at any time the representations and warranties of the Company contemplated by Section 5 cease to be true and correct in all material respects, (E) of the receipt
by the Company of any notification with respect to the suspension of the qualification of the Exchange Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, or (F) at any time during the Resale
Period when a prospectus is required to be delivered under the Securities Act, that such Exchange Registration Statement, prospectus, prospectus amendment or supplement or post-effective amendment does not conform in all material respects to the
applicable requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder or contains an untrue statement of a material fact or omits to state any material fact required to be stated therein
or necessary to make the statements therein not misleading in light of the circumstances then existing; 
  
 (iv) in the event that the Company would be required, pursuant to Section 3(e)(iii)(F) above, to notify any broker-dealers holding
Exchange 

  

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Securities, without delay prepare and furnish to each such holder a reasonable number of copies of a prospectus supplemented or amended so that, as
thereafter delivered to purchasers of such Exchange Securities during the Resale Period, such prospectus shall conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and
regulations of the Commission thereunder and shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the
circumstances then existing; 
  
 (v) use its
reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of such Exchange Registration Statement or any post-effective amendment thereto at the earliest practicable date; 
  
 (vi) use its reasonable best efforts to (A) register or
qualify the Exchange Securities under the securities laws or blue sky laws of such jurisdictions as are contemplated by Section 2(a) no later than the commencement of the Exchange Offer, (B) keep such registrations or qualifications in effect and
comply with such laws so as to permit the continuance of offers, sales and dealings therein in such jurisdictions until the expiration of the Resale Period and (C) take any and all other actions as may be reasonably necessary or advisable to enable
each broker-dealer holding Exchange Securities to consummate the disposition thereof in such jurisdictions; provided, however, that the Company shall not be required for any such purpose to (1) qualify as a foreign corporation in any
jurisdiction wherein it would not otherwise be required to qualify or be subject to a tax to which it would not otherwise be subject but for the requirements of this Section 3(c)(vi), (2) consent to general service of process in any such
jurisdiction or (3) make any changes to its certificate of incorporation or by-laws or any agreement between it and its stockholders; 
  
 (vii) use its reasonable best efforts to obtain the consent or approval of each governmental agency or authority, whether federal, state
or local, which may be required to effect the Exchange Registration, the Exchange Offer and the offering and sale of Exchange Securities by broker-dealers during the Resale Period; 
  
 (viii) provide a CUSIP number for all Exchange Securities, not later than the applicable Effective Time;

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

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 (d) In connection with the Company’s obligations with respect to the Shelf
Registration, if applicable, the Company shall, as soon as practicable (or as otherwise specified): 
  
 (i) prepare and file with the Commission, as soon as practicable but in any case within the time periods specified in Section 2(b), a
Shelf Registration Statement on any form which may be utilized by the Company and which shall register all of the Registrable Securities for resale by the holders thereof in accordance with such method or methods of disposition as may be specified
by such of the holders as, from time to time, may be Electing Holders and use its reasonable best efforts to cause such Shelf Registration Statement to become effective as soon as practicable but in any case within the time periods specified in
Section 2(b); 
  
 (ii) not less than 30 calendar
days prior to the Effective Time of the Shelf Registration Statement, mail the Notice and Questionnaire to the holders of Registrable Securities; no holder shall be entitled to be named as a selling securityholder in the Shelf Registration Statement
as of the Effective Time, and no holder shall be entitled to use the prospectus forming a part thereof for resales of Registrable Securities at any time, unless such holder has returned a completed and signed Notice and Questionnaire to the Company
by the deadline for response set forth therein; provided, however, holders of Registrable Securities shall have at least 28 calendar days from the date on which the Notice and Questionnaire is first mailed to such holders to return a
completed and signed Notice and Questionnaire to the Company; 
  
 (iii) after the Effective Time of the Shelf Registration Statement, upon the request of any holder of Registrable Securities that is not then an Electing Holder, promptly send a Notice and Questionnaire to such
holder; provided that the Company shall not be required to take any action to name such holder as a selling securityholder in the Shelf Registration Statement or to enable such holder to use the prospectus forming a part thereof for resales
of Registrable Securities until such holder has returned a completed and signed Notice and Questionnaire to the Company; 
  
 (iv) as soon as practicable prepare and file with the Commission such amendments and supplements to such Shelf Registration Statement and
the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Shelf Registration Statement for the period specified in Section 2(b) hereof and as may be required by the applicable rules and regulations of the
Commission and the instructions applicable to the form of such Shelf Registration Statement, and furnish to the Electing Holders copies of any such supplement or amendment simultaneously with or prior to its being used or filed with the Commission;

  
 (v) comply with the provisions of the
Securities Act with respect to the disposition of all of the Registrable Securities covered by such Shelf Registration Statement in accordance with the intended methods of disposition by the Electing Holders provided for in such Shelf Registration
Statement; 
  
 (vi) provide (A) the Electing
Holders, (B) the underwriters (which term, for purposes of this Exchange and Registration Rights Agreement, shall include a person deemed to be an underwriter within the meaning of Section 2(a)(11) of 

  

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the Securities Act), if any, thereof, (C) any sales or placement agent therefor, (D) counsel for any such underwriter or agent and (E) not more than one
counsel for all the Electing Holders the opportunity to participate in the preparation of such Shelf Registration Statement, each prospectus included therein or filed with the Commission and each amendment or supplement thereto; 
  
 (vii) for a reasonable period prior to the filing of such
Shelf Registration Statement, and throughout the period specified in Section 2(b), make available at reasonable times at the Company’s principal place of business or such other reasonable place for inspection by the persons referred to in
Section 3(d)(vi) who shall certify to the Company that they have a current intention to sell the Registrable Securities pursuant to the Shelf Registration such financial and other information and books and records of the Company, and cause the
officers, employees, counsel and independent certified public accountants of the Company to respond to such inquiries, as shall be reasonably necessary, in the judgment of the respective counsel referred to in such Section, to conduct a reasonable
investigation within the meaning of Section 11 of the Securities Act; provided, however, that each such party shall be required to maintain in confidence and not to disclose to any other person any information or records reasonably designated
by the Company as being confidential, until such time as (A) such information becomes a matter of public record (whether by virtue of its inclusion in such registration statement or otherwise), or (B) such person shall be required so to disclose
such information pursuant to a subpoena or order of any court or other governmental agency or body having jurisdiction over the matter (subject to the requirements of such order, and only after such person shall have given the Company prompt prior
written notice of such requirement), or (C) such information is required to be set forth in such Shelf Registration Statement or the prospectus included therein or in an amendment to such Shelf Registration Statement or an amendment or supplement to
such prospectus in order that such Shelf Registration Statement, prospectus, amendment or supplement, as the case may be, complies with applicable requirements of the federal securities laws and the rules and regulations of the Commission and does
not contain an untrue statement of a material fact or omit to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing; 
  
 (viii) promptly notify each of the Electing Holders, any
sales or placement agent therefor and any underwriter thereof (which notification may be made through any managing underwriter that is a representative of such underwriter for such purpose) and confirm such advice in writing, (A) when such Shelf
Registration Statement or the prospectus included therein or any prospectus amendment or supplement or post-effective amendment has been filed, and, with respect to such Shelf Registration Statement or any post-effective amendment, when the same has
become effective, (B) of any comments by the Commission and by the blue sky or securities commissioner or regulator of any state with respect thereto or any request by the Commission for amendments or supplements to such Shelf Registration Statement
or prospectus or for additional information, (C) of the issuance by the Commission of any stop order suspending the effectiveness of such Shelf Registration Statement or the initiation or 

  

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threatening of any proceedings for that purpose, (D) if at any time the representations and warranties of the Company contemplated by Section 3(d)(xvii) or
Section 5 cease to be true and correct in all material respects, (E) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose, or (F) if at any time when a prospectus is required to be delivered under the Securities Act, that such Shelf Registration Statement, prospectus, prospectus amendment or supplement or post-effective
amendment does not conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder or contains an untrue statement of a material fact or
omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing; 
  
 (ix) use its reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of
such registration statement or any post-effective amendment thereto at the earliest practicable date; 
  
 (x) if requested by any managing underwriter or underwriters, any placement or sales agent or any Electing Holder, promptly incorporate in
a prospectus supplement or post-effective amendment such information as is required by the applicable rules and regulations of the Commission and as such managing underwriter or underwriters, such agent or such Electing Holder specifies should be
included therein relating to the terms of the sale of such Registrable Securities, including information with respect to the Accreted Value and principal amount at maturity of Registrable Securities being sold by such Electing Holder or agent or to
any underwriters, the name and description of such Electing Holder, agent or underwriter, the offering price of such Registrable Securities and any discount, commission or other compensation payable in respect thereof, the purchase price being paid
therefor by such underwriters and with respect to any other terms of the offering of the Registrable Securities to be sold by such Electing Holder or agent or to such underwriters; and make all required filings of such prospectus supplement or
post-effective amendment promptly after notification of the matters to be incorporated in such prospectus supplement or post-effective amendment; 
  
 (xi) furnish to each Electing Holder, each placement or sales agent, if any, therefor, each underwriter, if any, thereof and the
respective counsel referred to in Section 3(d)(vi) an executed copy (or, in the case of an Electing Holder, a conformed copy) of such Shelf Registration Statement, each such amendment and supplement thereto (in each case including all exhibits
thereto (in the case of an Electing Holder of Registrable Securities, upon request) and documents incorporated by reference therein) and such number of copies of such Shelf Registration Statement (excluding exhibits thereto and documents
incorporated by reference therein unless specifically so requested by such Electing Holder, agent or underwriter, as the case may be) and of the prospectus included in such Shelf Registration Statement (including each preliminary prospectus and any
summary prospectus), in conformity in all material respects 

  

 12 

 
with the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder, and such other
documents, as such Electing Holder, agent, if any, and underwriter, if any, may reasonably request in order to facilitate the offering and disposition of the Registrable Securities owned by such Electing Holder, offered or sold by such agent or
underwritten by such underwriter and to permit such Electing Holder, agent and underwriter to satisfy the prospectus delivery requirements of the Securities Act; and the Company hereby consents to the use of such prospectus (including such
preliminary and summary prospectus) and any amendment or supplement thereto by each such Electing Holder and by any such agent and underwriter, in each case in the form most recently provided to such person by the Company, in connection with the
offering and sale of the Registrable Securities covered by the prospectus (including such preliminary and summary prospectus) or any supplement or amendment thereto; 
  
 (xii) use its reasonable best efforts to (A) register or qualify the Registrable Securities to be included
in such Shelf Registration Statement under such securities laws or blue sky laws of such jurisdictions as any Electing Holder and each placement or sales agent, if any, therefor and underwriter, if any, thereof shall reasonably request, (B) keep
such registrations or qualifications in effect and comply with such laws so as to permit the continuance of offers, sales and dealings therein in such jurisdictions during the period the Shelf Registration is required to remain effective under
Section 2(b) above and for so long as may be necessary to enable any such Electing Holder, agent or underwriter to complete its distribution of Securities pursuant to such Shelf Registration Statement and (C) take any and all other actions as may be
reasonably necessary or advisable to enable each such Electing Holder, agent, if any, and underwriter, if any, to consummate the disposition in such jurisdictions of such Registrable Securities; provided, however, that the Company shall not
be required for any such purpose to (1) qualify as a foreign corporation in any jurisdiction wherein it would not otherwise be required to qualify but for the requirements of this Section 3(d)(xii), (2) consent to general service of process in any
such jurisdiction or (3) make any changes to its certificate of incorporation or by-laws or any agreement between it and its stockholders; 
  
 (xiii) use its reasonable best efforts to obtain the consent or approval of each governmental agency or authority, whether federal, state
or local, which may be required to effect the Shelf Registration or the offering or sale in connection therewith or to enable the selling holder or holders to offer, or to consummate the disposition of, its Registrable Securities; 
  
 (xiv) unless any Registrable Securities shall be in
book-entry only form, cooperate with the Electing Holders and the managing underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates, if so required by
any securities exchange upon which any Registrable Securities are listed, shall be penned, lithographed or engraved, or produced by any combination of such methods, on steel engraved borders, and which certificates shall not bear any restrictive
legends; and, in the case of an underwritten offering, enable such 

  

 13 

 
Registrable Securities to be in such denominations and registered in such names as the managing underwriters may request at least two business days prior to
any sale of the Registrable Securities; 
  
 (xv)
provide a CUSIP number for all Registrable Securities, not later than the applicable Effective Time; 
  
 (xvi) enter into one or more underwriting agreements, engagement letters, agency agreements, “best efforts” underwriting
agreements or similar agreements, as appropriate, including customary provisions relating to indemnification and contribution, and take such other actions in connection therewith as any Electing Holders aggregating at least 20% in aggregate
principal amount at maturity of the Registrable Securities at the time outstanding shall request in order to expedite or facilitate the disposition of such Registrable Securities; 
  
 (xvii) whether or not an agreement of the type referred to in Section 3(d)(xvi) hereof is entered into and
whether or not any portion of the offering contemplated by the Shelf Registration is an underwritten offering or is made through a placement or sales agent or any other entity, (A) make such representations and warranties to the Electing Holders and
the placement or sales agent, if any, therefor and the underwriters, if any, thereof in form, substance and scope as are customarily made in connection with an offering of debt securities pursuant to any appropriate agreement or to a registration
statement filed on the form applicable to the Shelf Registration; (B) obtain an opinion of counsel to the Company in customary form and covering such matters, of the type customarily covered by such an opinion, as the managing underwriters, if any,
or as any Electing Holders of at least 20% in aggregate principal amount at maturity of the Registrable Securities at the time outstanding may reasonably request, addressed to such Electing Holder or Electing Holders and the placement or sales
agent, if any, therefor and the underwriters, if any, thereof and dated the effective date of such Shelf Registration Statement (and if such Shelf Registration Statement contemplates an underwritten offering of a part or all of the Registrable
Securities, dated the date of the closing under the underwriting agreement relating thereto) (it being agreed that the matters to be covered by such opinion shall include the due incorporation and good standing of the Company and its subsidiaries;
the qualification of the Company and its subsidiaries to transact business as foreign corporations or limited liability companies, as applicable; the due authorization, execution and delivery of the relevant agreement of the type referred to in
Section 3(d)(xvi) hereof; the due authorization, execution, authentication and issuance, and the validity and enforceability, of the Securities; the absence of material legal or governmental proceedings involving the Company; the absence of a breach
by the Company or any of its subsidiaries of, or a default under, material agreements binding upon the Company or any subsidiary of the Company; the absence of governmental approvals required to be obtained in connection with the Shelf Registration,
the offering and sale of the Registrable Securities, this Exchange and Registration Rights Agreement or any agreement of the type referred to in Section 3(d)(xvi) hereof, except such approvals as may be required under state securities or blue

  

 14 

 
sky laws; the material compliance as to form of such Shelf Registration Statement and any documents incorporated by reference therein and of the Indenture
with the requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder, respectively; and, as of the date of the opinion and of the Shelf Registration Statement or most recent
post-effective amendment thereto, as the case may be, the absence from such Shelf Registration Statement and the prospectus included therein, as then amended or supplemented, and from the documents incorporated by reference therein (in each case
other than the financial statements and other financial information contained therein) of an untrue statement of a material fact or the omission to state therein a material fact necessary to make the statements therein not misleading (in the case of
such documents, in the light of the circumstances existing at the time that such documents were filed with the Commission under the Exchange Act)); (C) obtain a “cold comfort” letter or letters from the independent certified public
accountants of the Company addressed to the selling Electing Holders, the placement or sales agent, if any, therefor or the underwriters, if any, thereof, dated (i) the effective date of such Shelf Registration Statement and (ii) the effective date
of any prospectus supplement to the prospectus included in such Shelf Registration Statement or post-effective amendment to such Shelf Registration Statement which includes unaudited or audited financial statements as of a date or for a period
subsequent to that of the latest such statements included in such prospectus (and, if such Shelf Registration Statement contemplates an underwritten offering pursuant to any prospectus supplement to the prospectus included in such Shelf Registration
Statement or post-effective amendment to such Shelf Registration Statement which includes unaudited or audited financial statements as of a date or for a period subsequent to that of the latest such statements included in such prospectus, dated the
date of the closing under the underwriting agreement relating thereto), such letter or letters to be in customary form and covering such matters of the type customarily covered by letters of such type; (D) deliver such documents and certificates,
including officers’ certificates, as may be reasonably requested by any Electing Holders of at least 20% in aggregate principal amount at maturity of the Registrable Securities at the time outstanding or the placement or sales agent, if any,
therefor and the managing underwriters, if any, thereof to evidence the accuracy of the representations and warranties made pursuant to clause (A) above or those contained in Section 5(a) hereof and the compliance with or satisfaction of any
agreements or conditions contained in the underwriting agreement or other agreement entered into by the Company; and (E) undertake such obligations relating to expense reimbursement, indemnification and contribution as are provided in Section 6
hereof; 
  
 (xviii) notify in writing each holder
of Registrable Securities of any proposal by the Company to amend or waive any provision of this Exchange and Registration Rights Agreement pursuant to Section 9(h) hereof and of any amendment or waiver effected pursuant thereto, each of which
notices shall contain the text of the amendment or waiver proposed or effected, as the case may be; 
  

 15 

 (xix) in the event that any broker-dealer registered under the Exchange Act shall
underwrite any Registrable Securities or participate as a member of an underwriting syndicate or selling group or “assist in the distribution” (within the meaning of the Conduct Rules (the “Conduct Rules”) of the National
Association of Securities Dealers, Inc. (“NASD”) or any successor thereto, as amended from time to time) thereof, whether as a holder of such Registrable Securities or as an underwriter, a placement or sales agent or a broker or dealer in
respect thereof, or otherwise, assist such broker-dealer in complying with the requirements of such Conduct Rules, including by (A) if such Conduct Rules shall so require, engaging a “qualified independent underwriter” (as defined in such
Conduct Rules) to participate in the preparation of the Shelf Registration Statement relating to such Registrable Securities, to exercise usual standards of due diligence in respect thereto and, if any portion of the offering contemplated by such
Shelf Registration Statement is an underwritten offering or is made through a placement or sales agent, to recommend the yield of such Registrable Securities, (B) indemnifying any such qualified independent underwriter to the extent of the
indemnification of underwriters provided in Section 6 hereof (or to such other customary extent as may be requested by such underwriter), and (C) providing such information to such broker-dealer as may be required in order for such broker-dealer to
comply with the requirements of the Conduct Rules; and 
  
 (xx) comply with all applicable rules and regulations of the Commission, and make generally available to its securityholders as soon as practicable but in any event not later than eighteen months after the effective date of such Shelf
Registration Statement, an earning statement of the Company and its subsidiaries complying with Section 11 (a) of the Securities Act (including, at the option of the Company, Rule 158 thereunder). 
  
 (e) In the event that the Company would be required,
pursuant to Section 3(d)(viii)(F) above, to notify the Electing Holders, the placement or sales agent, if any, therefor and the managing underwriters, if any, thereof, the Company shall without delay prepare and furnish to each of the Electing
Holders, to each placement or sales agent, if any, and to each such underwriter, if any, a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter delivered to purchasers of Registrable Securities, such prospectus
shall conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder and shall not contain an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing. Each Electing Holder agrees that upon receipt of any notice from the Company pursuant to
Section 3(d)(viii)(F) hereof, such Electing Holder shall forthwith discontinue the disposition of Registrable Securities pursuant to the Shelf Registration Statement applicable to such Registrable Securities until such Electing Holder shall have
received copies of such amended or supplemented prospectus, and if so directed by the Company, such Electing Holder shall deliver to the Company (at the Company’s expense) all copies, other than permanent file copies, then in such Electing
Holder’s possession of the prospectus covering such Registrable Securities at the time of receipt of such notice. 
  

 16 

 (f) In the event of a Shelf Registration, in addition to the information required to be
provided by each Electing Holder in its Notice Questionnaire, the Company may require such Electing Holder to furnish to the Company such additional information regarding such Electing Holder and such Electing Holder’s intended method of
distribution of Registrable Securities as may be required in order to comply with the Securities Act. Each such Electing Holder agrees to notify the Company as promptly as practicable of any inaccuracy or change in information previously furnished
by such Electing Holder to the Company or of the occurrence of any event in either case as a result of which any prospectus relating to such Shelf Registration contains or would contain an untrue statement of a material fact regarding such Electing
Holder or such Electing Holder’s intended method of disposition of such Registrable Securities or omits to state any material fact regarding such Electing Holder or such Electing Holder’s intended method of disposition of such Registrable
Securities required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, and promptly to furnish to the Company any additional information required to correct and update any
previously furnished information or required so that such prospectus shall not contain, with respect to such Electing Holder or the disposition of such Registrable Securities, an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing. 
  
 4. Registration Expenses. 
  
 The Company agrees to bear and to pay or cause to be paid promptly all expenses incident to the Company’s performance of or compliance with this
Exchange and Registration Rights Agreement, including (a) all Commission and any NASD registration, filing and review fees and expenses including fees and disbursements of counsel for the placement or sales agent or underwriters in connection with
such registration, filing and review, (b) all fees and expenses in connection with the qualification of the Securities for offering and sale under the State securities and blue sky laws referred to in Section 3(d)(xii) hereof and determination of
their eligibility for investment under the laws of such jurisdictions as any managing underwriters or the Electing Holders may designate, including any fees and disbursements of counsel for the Electing Holders or underwriters in connection with
such qualification and determination, (c) all expenses relating to the preparation, printing, production, distribution and reproduction of each registration statement required to be filed hereunder, each prospectus included therein or prepared for
distribution pursuant hereto, each amendment or supplement to the foregoing, the expenses of preparing the Securities for delivery and the expenses of printing or producing any underwriting agreements, agreements among underwriters, selling
agreements and blue sky or legal investment memoranda and all other documents in connection with the offering, sale or delivery of Securities to be disposed of (including certificates representing the Securities), (d) messenger, telephone and
delivery expenses relating to the offering, sale or delivery of Securities and the preparation of documents referred in clause (c) above, (e) fees and expenses of the Trustee under the Indenture, any agent of the Trustee and any counsel for the
Trustee and of any collateral agent or custodian, (f) internal expenses (including all salaries and expenses of the Company’s officers and employees performing legal or accounting duties), (g) fees, disbursements and expenses of counsel and
independent certified public accountants of the Company (including the expenses of any opinions or “cold comfort” letters required by or incident to such performance and compliance), (h) fees, disbursements and expenses of any
“qualified independent underwriter” engaged pursuant to Section 3(d)(xix) hereof, (i) fees, 

  

 17 

 
disbursements and expenses of one counsel for the Electing Holders retained in connection with a Shelf Registration, as selected by the Electing Holders of
at least a majority in aggregate principal amount at maturity of the Registrable Securities held by Electing Holders (which counsel shall be reasonably satisfactory to the Company), (j) any fees charged by securities rating services for rating the
Securities, and (k) fees, expenses and disbursements of any other persons, including special experts, retained by the Company in connection with such registration (collectively, the “Registration Expenses”). To the extent that any
Registration Expenses are incurred, assumed or paid by any holder of Registrable Securities or any placement or sales agent therefor or underwriter thereof, the Company shall reimburse such person for the full amount of the Registration Expenses so
incurred, assumed or paid promptly after receipt of a request therefor. Notwithstanding the foregoing, the holders of the Registrable Securities being registered shall pay all agency fees and commissions and underwriting discounts and commissions
attributable to the sale of such Registrable Securities and the fees and disbursements of any counsel or other advisors or experts retained by such holders (severally or jointly), other than the counsel and experts specifically referred to above.

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

 18 

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

 
 (c) The compliance by the Company with all of the
provisions of this Exchange and Registration Rights Agreement and the consummation of the transactions herein contemplated will not conflict with or result in a breach of any of the terms or provisions of, or constitute a default under, any
indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company or any subsidiary of the Company is a party or by which the Company or any subsidiary of the Company is bound or to which any of the property or
assets of the Company or any subsidiary of the Company is subject, nor will such action result in any violation of the provisions of the certificate of incorporation, as amended, or the by-laws of the Company or any statute or any order, rule or
regulation of any court or governmental agency or body having jurisdiction over the Company or any subsidiary of the Company or any of its properties; and no consent, approval, authorization, order, registration or qualification of or with any such
court or governmental agency or body is required for the consummation by the Company of the transactions contemplated by this Exchange and Registration Rights Agreement, except the registration under the Securities Act of the Securities,
qualification of the Indenture under the Trust Indenture Act and such consents, approvals, authorizations, registrations or qualifications as may be required under State securities or blue sky laws in connection with the offering and distribution of
the Securities. 
  
 (d) This Exchange and
Registration Rights Agreement has been duly authorized, executed and delivered by the Company. 
  
 6. Indemnification. 
  
 (a) Indemnification by the Company. The Company will indemnify and hold harmless each of the holders of Registrable Securities included in an Exchange Registration Statement, each of the Electing Holders of
Registrable Securities included in a Shelf Registration Statement and each person who participates as a placement or sales agent or as an underwriter in any offering or sale of such Registrable Securities against any losses, claims, damages or
liabilities, joint or several, to which such holder, agent or underwriter may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon
an untrue statement or alleged untrue statement of a material fact contained in any Exchange Registration Statement or Shelf Registration Statement, as the case may be, under which such Registrable Securities were registered under the Securities
Act, or any preliminary, final or summary prospectus contained therein or furnished by the Company to any such holder, Electing Holder, agent or underwriter, or 

  

 19 

 
any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading, and will reimburse such holder, such Electing Holder, such agent and such underwriter for any legal or other expenses reasonably incurred by them in connection with
investigating or defending any such action or claim as such expenses are incurred; provided, however, that the Company shall not be liable to any such person in any such case to the extent that any such loss, claim, damage or liability arises
out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in such registration statement, or preliminary, final or summary prospectus, or amendment or supplement thereto, in reliance upon and in
conformity with written information furnished to the Company by such person expressly for use therein; and provided, further, however, that the Company will not be liable to any such person with respect to any preliminary prospectus to the
extent that it shall be proven in a court of competent jurisdiction in a judgment that has become final in that it is no longer subject to appeal or other review that any such loss, liability, claim, damage or expense arose out of or was based upon
the fact that such person sold securities to a person to whom such selling person failed to send or give, at or prior to the time of sale, a copy of the final prospectus as then amended or supplemented if (i) the Company has previously furnished
copies thereof (sufficiently in advance of the time of sale to allow for distribution by the time of sale) to such selling person and the loss, liability, claim, damage or expense of such selling person arose out of or was based upon an untrue
statement or omission or alleged untrue statement or omission of a material fact contained in or omitted from the preliminary prospectus which was corrected in the final prospectus prior to the time of sale and (ii) the delivery of such final
prospectus by the time of sale by such selling person would have cured such loss, liability, claim, damage or expense asserted by such party or parties. 
  
 (b) Indemnification by the Holders and any Agents and Underwriters. The Company may require, as a condition to including any
Registrable Securities in any registration statement filed pursuant to Section 2(b) hereof and to entering into any underwriting agreement with respect thereto, that the Company shall have received an undertaking reasonably satisfactory to them from
the Electing Holder of such Registrable Securities and from each underwriter named in any such underwriting agreement, severally and not jointly, to (i) indemnify and hold harmless the Company and all other holders of Registrable Securities, against
any losses, claims, damages or liabilities to which the Company or such other holders of Registrable Securities may become subject, under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in such registration statement, or any preliminary, final or summary prospectus contained therein or furnished by the Company to any
such Electing Holder, agent or underwriter, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to the
Company by such Electing Holder or underwriter expressly for use therein, and (ii) reimburse the Company for any legal or other expenses reasonably 

  

 20 

 
incurred by the Company in connection with investigating or defending any such action or claim as such expenses are incurred; provided, however, that
no such Electing Holder shall be required to undertake liability to any person under this Section 6(b) for any amounts in excess of the dollar amount of the proceeds to be received by such Electing Holder from the sale of such Electing Holder’s
Registrable Securities pursuant to such registration. 
  
 (c) Notices of Claims, Etc. Promptly after receipt by an indemnified party under subsection (a) or (b) above of written notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be
made against an indemnifying party pursuant to the indemnification provisions of or contemplated by this Section 6, notify such indemnifying party in writing of the commencement of such action; but the omission so to notify the indemnifying party
shall not relieve it from any liability which it may have to any indemnified party otherwise than under the indemnification provisions of or contemplated by Section 6(a) or 6(b) hereof. In case any such action shall be brought against any
indemnified party and it shall notify an indemnifying party of the commencement thereof, such indemnifying party shall be entitled to participate therein and, to the extent that it shall wish, jointly with any other indemnifying party similarly
notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and, after notice from the indemnifying
party to such indemnified party of its election so to assume the defense thereof, such indemnifying party shall not be liable to such indemnified party for any legal expenses of other counsel or any other expenses, in each case subsequently incurred
by such indemnified party, in connection with the defense thereof other than reasonable costs of investigation. No indemnifying party shall, without the written consent of the indemnified party, effect the settlement or compromise of, or consent to
the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified party is an actual or potential party to such action or
claim) unless such settlement, compromise or judgment (i) includes an unconditional release of the indemnified party from all liability arising out of such action or claim and (ii) does not include a statement as to or an admission of fault,
culpability or a failure to act by or on behalf of any indemnified party. 
  
 (d) Contribution. If for any reason the indemnification provisions contemplated by Section 6(a) or Section 6(b) are unavailable to or insufficient to hold harmless an indemnified party in respect of any losses,
claims, damages or liabilities (or actions in respect thereof) referred to therein, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or
actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified party in connection with the statements or omissions which resulted in such losses, claims, damages or
liabilities (or actions in respect thereof), as well as any other relevant equitable considerations. The relative fault of such indemnifying party and indemnified party shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by such indemnifying party or by such indemnified party, and the parties’ relative intent, knowledge, access to
information and 

  

 21 

 
opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be just and equitable if contributions pursuant to
this Section 6(d) were determined by pro rata allocation (even if the holders or any agents or underwriters or all of them were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable
considerations referred to in this Section 6(d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages, or liabilities (or actions in respect thereof) referred to above shall be deemed to include any legal or
other fees or expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 6(d), no holder shall be required to contribute any amount in
excess of the amount by which the dollar amount of the proceeds received by such holder from the sale of any Registrable Securities (after deducting any fees, discounts (other than original issue discount, which shall not constitute a discount for
such purposes) and commissions applicable thereto) exceeds the amount of any damages which such holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission, and no underwriter shall
be required to contribute any amount in excess of the amount by which the total price at which the Registrable Securities underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages which such
underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11 (f) of the Securities Act) shall
be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The holders’ and any underwriters’ obligations in this Section 6(d) to contribute shall be several in proportion to the principal amount
at maturity of Registrable Securities registered or underwritten, as the case may be, by them and not joint. 
  
 (e) The obligations of the Company under this Section 6 shall be in addition to any liability which the Company may otherwise have and
shall extend, upon the same terms and conditions, to each officer, director and partner of each holder, agent and underwriter and each person, if any, who controls any holder, agent or underwriter within the meaning of the Securities Act; and the
obligations of the holders and any agents or underwriters contemplated by this Section 6 shall be in addition to any liability which the respective holder, agent or underwriter may otherwise have and shall extend, upon the same terms and conditions,
to each officer and director of the Company (including any person who, with his consent, is named in any registration statement as about to become a director of the Company) and to each person, if any, who controls the Company within the meaning of
the Securities Act. 
  
 7. Underwritten Offerings.

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

 22 

 (b) Participation by Holders. Each holder of Registrable Securities hereby agrees
with each other such holder that no such holder may participate in any underwritten offering hereunder unless such holder (i) agrees to sell such holder’s Registrable Securities on the basis provided in any underwriting arrangements approved by
the persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting
arrangements. 
  
 8. Rule 144. 
  
 The Company covenants to the holders of Registrable Securities that to the
extent it shall be required to do so under the Exchange Act, the Company shall timely file the reports required to be filed by them under the Exchange Act or the Securities Act (including the reports under Section 13 and 15(d) of the Exchange Act
referred to in subparagraph (c)(1) of Rule 144) and the rules and regulations adopted by the Commission thereunder, and shall take such further action as any holder of Registrable Securities may reasonably request, all to the extent required from
time to time to enable such holder to sell Registrable Securities without registration under the Securities Act within the limitations of the exemption provided by Rule 144. Upon the request of any holder of Registrable Securities in connection with
that holder’s sale pursuant to Rule 144, the Company shall deliver to such holder a written statement as to whether it has complied with such requirements. 
  

9. Miscellaneous. 
  
 (a) No Inconsistent Agreements. The Company represents, warrants, covenants and agrees that it has not granted, and shall not
grant, registration rights with respect to Registrable Securities or any other securities which would be inconsistent with the terms contained in this Exchange and Registration Rights Agreement. 
  
 (b) Specific Performance. The parties hereto
acknowledge that there would be no adequate remedy at law if the Company fails to perform any of its obligations hereunder and that the Purchasers and the holders from time to time of the Registrable Securities may be irreparably harmed by any such
failure, and accordingly agree that the Purchasers and such holders, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to compel specific performance of the obligations of the Company under this
Exchange and Registration Rights Agreement in accordance with the terms and conditions of this Exchange and Registration Rights Agreement, in any court of the United States or any State thereof having jurisdiction. 
  
 (c) Notices. All notices, requests, claims, demands,
waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered by hand, if delivered personally or by courier, or three days after being deposited in the mail (registered or certified mail,
postage prepaid, return receipt requested) as follows: If to the Company, to them at 4064 Colony Road, Suite 200, Charlotte, North Carolina 28211, Attention: Chief Financial Officer and if to a holder, to the address of such holder set forth in the
security register or other records of the Company, or to such other address as the Company or any such holder may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon
receipt. 
  

 23 

 (d) Parties in Interest. All the terms and provisions of this Exchange and
Registration Rights Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by the parties hereto and the holders from time to time of the Registrable Securities and the respective successors and assigns of the
parties hereto and such holders. In the event that any transferee of any holder of Registrable Securities shall acquire Registrable Securities, in any manner, whether by gift, bequest, purchase, operation of law or otherwise, such transferee shall,
without any further writing or action of any kind, be deemed a beneficiary hereof for all purposes and such Registrable Securities shall be held subject to all of the terms of this Exchange and Registration Rights Agreement, and by taking and
holding such Registrable Securities such transferee shall be entitled to receive the benefits of, and be conclusively deemed to have agreed to be bound by all of the applicable terms and provisions of this Exchange and Registration Rights Agreement.
If the Company shall so request, any such successor, assign or transferee shall agree in writing to acquire and hold the Registrable Securities subject to all of the applicable terms hereof. 
  
 (e) Survival. The respective indemnities, agreements,
representations, warranties and each other provision set forth in this Exchange and Registration Rights Agreement or made pursuant hereto shall remain in full force and effect regardless of any investigation (or statement as to the results thereof)
made by or on behalf of any holder of Registrable Securities, any director, officer or partner of such holder, any agent or underwriter or any director, officer or partner thereof, or any controlling person of any of the foregoing, and shall survive
delivery of and payment for the Registrable Securities pursuant to the Purchase Agreement and the transfer and registration of Registrable Securities by such holder and the consummation of an Exchange Offer. 
  
 (f) Governing Law. This Exchange and
Registration Rights Agreement shall be governed by and construed in accordance with the laws of the State of New York. 
  
 (g) Headings. The descriptive headings of the several Sections and paragraphs of this Exchange and Registration Rights Agreement
are inserted for convenience only, do not constitute a part of this Exchange and Registration Rights Agreement and shall not affect in any way the meaning or interpretation of this Exchange and Registration Rights Agreement. 
  
 (h) Entire Agreement; Amendments. This Exchange and
Registration Rights Agreement and the other writings referred to herein (including the Indenture and the form of Securities) or delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with respect to its
subject matter. This Exchange and Registration Rights Agreement supersedes all prior agreements and understandings between the parties with respect to its subject matter. This Exchange and Registration Rights Agreement may be amended and the
observance of any term of this Exchange and Registration Rights Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a written instrument duly executed by the Company and the
holders of at least a majority in aggregate principal amount at maturity of the Registrable Securities at the time outstanding. Each holder of any Registrable Securities at the time or thereafter outstanding shall be bound by any amendment or waiver
effected pursuant to this Section 9(h), whether or not any notice, 

  

 24 

 
writing or marking indicating such amendment or waiver appears on such Registrable Securities or is delivered to such holder. 
  
 (i) Inspection. For so long as this Exchange and
Registration Rights Agreement shall be in effect, this Exchange and Registration Rights Agreement and a complete list of the names and addresses of all the holders of Registrable Securities shall be made available for inspection and copying on any
business day by any holder of Registrable Securities for proper purposes only (which shall include any purpose related to the rights of the holders of Registrable Securities under the Securities, the Indenture and this Agreement) at the offices of
the Company at the address thereof set forth in Section 9(c) above and at the office of the Trustee under the Indenture. 
  
 (j) Counterparts. This agreement may be executed by the parties in counterparts, each of which shall be deemed to be an original,
but all such respective counterparts shall together constitute one and the same instrument. 
  

 25 

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

					
	 Very truly yours,

	
	 H-Lines Finance Holding Corp.

		
	By:	 	 /s/ Charles G. Raymond

	 	 	 Name:
	 	 Charles G. Raymond

	 	 	 Title:
	 	 President and Chief Executive Officer

  

 Accepted as of the date hereof: 
  

			
	GOLDMAN, SACHS & CO.
UBS SECURITIES LLC
		
	By:	 	 /s/ Goldman, Sachs & Co.

	 	 	(Goldman, Sachs & Co.)

  
 On behalf of each of the Purchasers

  

 [Registration Rights Agreement] 

 Exhibit A 
  

H-Lines Finance Holding Corp. 
  
 INSTRUCTION TO DTC PARTICIPANTS 
  
 (Date of Mailing) 
  
 URGENT - IMMEDIATE ATTENTION REQUESTED 
  
 DEADLINE FOR RESPONSE: [DATE]* 
  
 The Depository Trust Company (“DTC”) has
identified you as a DTC Participant through which beneficial interests in the H-Lines Finance Holding Corp. (the “Company”) 11.00% Senior Discount Notes due 2013 (the “Securities”) are held. 
  
 The Company is in the process of registering the Securities under the Securities Act of 1933
for resale by the beneficial owners thereof. In order to have their Securities included in the registration statement, beneficial owners must complete and return the enclosed Notice of Registration Statement and Selling Securityholder Questionnaire.

  
 It is important that beneficial owners of the Securities receive a copy of
the enclosed materials as soon as possible as their rights to have the Securities included in the registration statement depend upon their returning the Notice and Questionnaire by [Deadline For Response]. Please forward a copy of the enclosed
documents to each beneficial owner that holds interests in the Securities through you. If you require more copies of the enclosed materials or have any questions pertaining to this matter, please contact H-Lines Finance Holding Corp., 4064 Colony
Road, Suite 200, Charlotte, North Carolina 28211, Tel: (704) 973-7000, Attention: Chief Financial Officer. 

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

  

 A-1 

 H-Lines Finance Holding Corp. 
  
 Notice of Registration Statement 
 and 
 Selling Securityholder Questionnaire 
  
 (Date) 
  
 Reference is hereby made to the Exchange and Registration Rights Agreement (the “Exchange and Registration Rights
Agreement”) among H-Lines Finance Holding Corp. (the “Company”) and the Purchasers named therein. Pursuant to the Exchange and Registration Rights Agreement, the Company has filed with the United States Securities and
Exchange Commission (the “Commission”) a registration statement on Form [    ] (the “Shelf Registration Statement”) for the registration and resale under Rule 415 of the Securities Act of
1933, as amended (the “Securities Act”), of the Company’s 11.00% Senior Discount Notes due 2013 (the “Securities”). A copy of the Exchange and Registration Rights Agreement is attached hereto. All capitalized
terms not otherwise defined herein shall have the meanings ascribed thereto in the Exchange and Registration Rights Agreement. 
  
 Each beneficial owner of Registrable Securities (as defined below) is entitled to have the Registrable Securities beneficially owned by it included in the Shelf
Registration Statement. In order to have Registrable Securities included in the Shelf Registration Statement, this Notice of Registration Statement and Selling Securityholder Questionnaire (“Notice and Questionnaire”) must be
completed, executed and delivered to the Company’s counsel at the address set forth herein for receipt ON OR BEFORE [Deadline for Response]. Beneficial owners of Registrable Securities who do not complete, execute and return this Notice and
Questionnaire by such date (i) will not be named as selling securityholders in the Shelf Registration Statement and (ii) may not use the Prospectus forming a part thereof for resales of Registrable Securities. 
  
 Certain legal consequences arise from being named as a selling securityholder in the Shelf
Registration Statement and related Prospectus. Accordingly, holders and beneficial owners of Registrable Securities are advised to consult their own securities law counsel regarding the consequences of being named or not being named as a selling
securityholder in the Shelf Registration Statement and related Prospectus. 
  
 The
term “Registrable Securities” is defined in the Exchange and Registration Rights Agreement. 
  

 A-2 

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

  
 Upon any sale of Registrable Securities pursuant to the Shelf Registration
Statement, the Selling Securityholder will be required to deliver to the Company and Trustee the Notice of Transfer set forth in Appendix A to the Prospectus and as Exhibit B to the Exchange and Registration Rights Agreement. 
  
 The Selling Securityholder hereby provides the following information to the Company and
represents and warrants that such information is accurate and complete: 
  

 A-3 

 QUESTIONNAIRE 
  

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

  
                                       
                                        
                                        
                                        
                                        
                                        

  

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

  
                                       
                                        
                                        
                                        
                                        
                                        

  

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

 
                                       
                                        
                                        
                                        
                                        
                                        

  

	(2)	Address for Notices to Selling Securityholder: 

  

					
	 	  	 	  	 
			
	 	  	 	  	 
			
	 	  	 	  	 
			
	Telephone:	  	 	  	 
			
	Fax:	  	 	  	 
			
	Contact Person:	  	 	  	 

  

	(3)	Beneficial Ownership of Securities: 

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

	 	(a)	Principal amount at maturity of Registrable Securities beneficially owned:
                          

	 	    	CUSIP No(s). of such Registrable Securities:
                                        
                                 

  

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

  
                                       
                                        
                                        
                                        
                                        
                                        

 CUSIP No(s). of such other Securities:
                                        
                                     
  

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

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

 A-4 

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

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

	(5)	Relationships with the Company: 

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

	(6)	Plan of Distribution: 

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

 A-5 

 State any exceptions here: 
  
 By signing below, the Selling Securityholder acknowledges that it understands its obligation to comply, and agrees that it will comply, with
the provisions of the Exchange Act and the rules and regulations thereunder, particularly Regulation M. 
  
 In the event that the Selling Securityholder transfers all or any portion of the Registrable Securities listed in Item (3) above after the date on which such information is provided to the Company, the Selling
Securityholder agrees to notify the transferee(s) at the time of the transfer of its rights and obligations under this Notice and Questionnaire and the Exchange and Registration Rights Agreement. 
  
 By signing below, the Selling Securityholder consents to the disclosure of the information
contained herein in its answers to Items (1) through (6) above and the inclusion of such information in the Shelf Registration Statement and related Prospectus. The Selling Securityholder understands that such information will be relied upon by the
Company in connection with the preparation of the Shelf Registration Statement and related Prospectus. 
  
 In accordance with the Selling Securityholder’s obligation under Section 3(d) of the Exchange and Registration Rights Agreement to provide such information as may be required by law for inclusion in the Shelf
Registration Statement, the Selling Securityholder agrees to promptly notify the Company of any inaccuracies or changes in the information provided herein which may occur subsequent to the date hereof at any time while the Shelf Registration
Statement remains in effect. All notices hereunder and pursuant to the Exchange and Registration Rights Agreement shall be made in writing, by hand-delivery, first-class mail, or air courier guaranteeing overnight delivery as follows: 
  

	 	(i)	To the Company: 

  
 H-Lines Finance Holding Corp. 
 4064 Colony
Road 
 Suite 200 
 Charlotte, NC
28211 
 Attention: Chief Financial Officer 
 (704) 973-9700 
  

	 	(ii)	With a copy to: 

  
 Schulte Roth & Zabel LLP 
 919 Third
Avenue 
 New York, NY 10022 
 Attention: Andre Weiss, Esq. 
 (212)756-2000 
  
 Once this Notice and Questionnaire is executed by the Selling Securityholder and received by the Company’s counsel, the terms of this
Notice and Questionnaire, and the representations and warranties contained herein, shall be binding on, shall inure to the benefit of and shall be enforceable by the respective successors, heirs, personal representatives, and assigns of the Company
and the Selling Securityholder (with respect to the Registrable Securities beneficially owned by such Selling Securityholder and listed in Item (3) above. This Agreement shall be governed in all respects by the laws of the State of New York.

  

 A-6 

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

					
	 
	Selling Securityholder
	(Print/type full legal name of beneficial owner of Registrable Securities)
		
	By:	 	 
	 	 	 Name:
	 	 
	 	 	 Title:
	 	 

  
 PLEASE RETURN THE COMPLETED AND
EXECUTED NOTICE AND QUESTIONNAIRE FOR RECEIPT ON OR BEFORE [DEADLINE FOR RESPONSE] TO THE COMPANY’S COUNSEL AT: 
  
 Schulte Roth and Zabel LLP 
 919 Third Avenue 
 New York, NY 10022 
 Attention: Andre Weiss,
Esq. 
  

 A-7 

 Exhibit B 
  

NOTICE OF TRANSFER PURSUANT TO REGISTRATION STATEMENT 
  
 The Bank of New York Trust Company, N.A. 
 H-Lines Finance Holding Corp.

 c/o The Bank of New York Trust Company, N.A. 
 10161 Centurion
Parkway, 2nd Floor 
 Jacksonville, Florida 32256 
  
 Attention: Corporate Trust Administration 
  

	 	Re:	H-Lines Finance Holding Corp. (the “Company”) 

 11.00% Senior Discount Notes due 2013 
  
 Dear Sirs: 
  
 Please be advised that
                                        
has transferred
$                                        
aggregate principal amount at maturity of the above-referenced Notes pursuant to an effective Registration Statement on Form [        ] (File No.
333-            ) filed by the Company. 
  
 We hereby certify that the prospectus delivery requirements, if any, of the Securities Act of 1933, as amended, have been satisfied and that the above-named beneficial owner of the Notes is named as a “Selling
Holder” in the Prospectus dated                     , [2005] or in supplements thereto, and that the aggregate principal amount at maturity of
the Notes transferred are the Notes listed in such Prospectus opposite such owner’s name. 
  
 Dated: 
  

			
	Very truly yours,
		
	 	 	 
	 	 	(Name)
		
	By:	 	 
	 	 	(Authorized Signature)

  

 B-1Membership Interest Purchase and Sale Agreement dated as of July 7, 2004

 Exhibit 10.1 
  
 MEMBERSHIP INTEREST PURCHASE AND SALE AGREEMENT 
  
 THIS MEMBERSHIP INTEREST PURCHASE AND SALE AGREEMENT (this “Agreement”), dated and effective as of July 7, 2004,
is entered into by and among HLH, LLC, a Delaware limited liability company formerly known as Delian Holdings, L.L.C. (“HLH”), Horizon Lines of Puerto Rico, Inc., a Delaware corporation (“HLPR,” and, collectively with HLH,
“Buyers”), CSX Domestic Shipping Corporation, a Delaware corporation (“CSX Domestic”), CSX Residual Company, a Delaware corporation (“CSX Residual,” and, collectively with CSX Domestic, “Sellers”), CSX
Corporation, a Virginia corporation (“CSX”), and CSX Alaska Vessel Company, LLC, a Delaware limited liability company (“CSX Alaska”). All capitalized terms used but not defined herein shall have the meanings given to them in the
Amended and Restated Limited Liability Company Agreement of Horizon Lines, LLC (the “Company”), dated as of February 27, 2003, as heretofore amended, supplemented or otherwise modified (the “Horizon LLC Agreement”). 

 
 WHEREAS, CSX Residual is the record and beneficial owner of a Membership
Interest in the Company consisting of 54,000 Senior Preferred Units and desires to sell all such Senior Preferred Units to HLH in exchange for cash and HLH desires to purchase all such Senior Preferred Units from CSX Residual. 
  
 WHEREAS, CSX Domestic is the record and beneficial owner of a Membership
Interest in the Company consisting of 6,000 Senior Preferred Units and 100 Common Units and desires to sell all such Senior Preferred Units and Common Units to HLPR in exchange for cash, and HLPR desires to purchase all such Senior Preferred Units
and Common Units from CSX Domestic. 
  
 NOW, THEREFORE, in
consideration of the mutual covenants and agreements made herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
  
 1. Purchase and Sale of Membership Interests, etc. Upon the execution
and delivery of this Agreement, the parties hereby agree as follows: 
  
 (a) CSX Residual hereby assigns, sells, transfers and delivers to HLH (for its own account), and HLH hereby purchases, acquires and accepts from CSX Residual, (i) all of CSX Residual’s right, title and interest in and to 54,000 Senior
Preferred Units of the Company, free and clear of all liens, pledges, encumbrances, charges, and claims thereon, (ii) all of CSX Residual’s right and interest in and to the Capital Account for such Senior Preferred Units under the Horizon LLC
Agreement and (iii) all of CSX Residual’s right and interest under the Horizon LLC Agreement in respect of its status as a Senior Preferred Member and holder of Senior Preferred Units thereunder; 
  
 (b) CSX Domestic hereby assigns, sells, transfers and delivers to HLPR (for
its own account), and HLPR hereby purchases, acquires and accepts from CSX 

  

 
Domestic, (i) all of CSX Domestic’s right, title and interest in and to 6,000 Senior Preferred Units of the Company, free and clear of all liens,
pledges, encumbrances, charges, and claims thereon, (ii) all of CSX Domestic’s right and interest in and to the Capital Account for such Senior Preferred Units under the Horizon LLC Agreement and (iii) all of CSX Domestic’s right and
interest under the Horizon LLC Agreement in respect of its status as a Senior Preferred Member and holder of Senior Preferred Units thereunder; 
  
 (c) CSX Domestic hereby assigns, sells, transfers and delivers to HLPR (for its own account), and HLPR hereby purchases, acquires and accepts from CSX
Domestic, (i) all of CSX Domestic’s right, title and interest in and to 100 Common Units of the Company, free and clear of all liens, pledges, encumbrances, charges, and claims thereon, (ii) all of CSX Domestic’s right and interest in and
to the Capital Account for such Common Units under the Horizon LLC Agreement and (iii) all of CSX’s right and interest under the Horizon LLC Agreement in respect of its status as a Common Member and holder of such Common Units thereunder; and

  
 (d) Sellers hereby cease to be parties to the Horizon LLC
Agreement and hereby cease to have any rights thereunder; 
  
 provided, however, that notwithstanding anything to the contrary in this paragraph 1, except as contemplated in paragraph 5 of this Agreement, Sellers are not releasing or transferring to Buyers any rights or claims, absolute or contingent,
under the Horizon LLC Agreement in respect of (X) indemnities contained therein, including, without limitation, Section 6.6 thereof, and (Y) breaches of covenants or other obligations thereunder arising on or prior to the effective date of this
Agreement, and Sellers shall retain all such rights and claims. 
  
 2. Consideration. 
  
 (a) Concurrently with the
execution and delivery of this Agreement, HLH is paying to CSX Residual, and CSX Residual accepts, $52,886,279.70 in cash by wire transfer of immediately available funds from an account in the name of H-Lines Holding Corp. to the account designated
on Exhibit A hereto in full payment in exchange for the transfer of the Senior Preferred Units described above in paragraph 1(a). 
  
 (b) Concurrently with the execution and delivery of this Agreement, HLPR is paying to CSX Domestic, and CSX Domestic accepts, $5,876,253.30 in cash by
wire transfer of immediately available funds from an account in the name of H-Lines Holding Corp. to the account designated on Exhibit A hereto in full payment in exchange for the transfer of the Senior Preferred Units described above in paragraph
l(b). 
  
 (c) Concurrently with the execution and delivery of
this Agreement, HLPR is paying to CSX Domestic, and CSX Domestic accepts, $100,000 in cash by wire 

  

 2 

 
transfer of immediately available funds from an account in the name of H-Lines Holding Corp. to the account designated on Exhibit A hereto in full payment in
exchange for the transfer of the Common Units described above in paragraph l(c). 
  
 3. Representations and Warranties of Buyers. Buyers hereby represent and warrant to Sellers as follows: 
  
 (a) Authority. Buyers have all requisite corporate or limited liability company power and authority to execute and deliver this Agreement and
perform their respective obligations hereunder. The execution of this Agreement by Buyers and the delivery and performance by Buyers of this Agreement have been duly and validly authorized. Any and all corporate acts and other proceedings required
for the due and valid authorization, execution, delivery and performance by Buyers of this Agreement and the consummation by Buyers of the transfer of the Membership Interests to Buyers have been validly and appropriately taken. 
  
 (b) Enforceability. This Agreement is a legal, valid and binding
obligation of Buyers, enforceable against Buyers in accordance with its terms, except that enforcement may be limited by bankruptcy, reorganization, insolvency and other similar laws and court decisions relating to or affecting the enforcement of
creditors’ rights generally and by general equitable principles. 
  
 (c) No Conflicts. The execution and delivery of this Agreement by Buyers, and the performance by Buyers of their respective obligations under this Agreement, will not result in any conflict with, or result in a violation or breach of
any of the provisions of, or constitute (with or without due notice, lapse of time or both) a default under, or give rise to a right of termination, cancellation or acceleration of any obligation under, or result in the creation of any lien or other
encumbrance upon any of the properties or assets of either Buyer under, (i) the bylaws or certificate of incorporation of HLPR or the limited liability company agreement of HLH, (ii) any contract or agreement to which either Buyer is a party or by
which any of the properties or assets of either Buyer is bound, or (iii) any permit, law, rule, regulation, judgment, order or decree applicable to either Buyer or to which any of the properties or assets of either Buyer is subject. 
  
 (d) Puerto Rico EBITDA. The Actual Puerto Rico EBITDA for the
calendar year ending 2003 does not exceed $31,700,000. The Actual Puerto Rico EBITDA for the period beginning on January 1, 2004 and ending on June 30, 2004 does not exceed $17,150,000. 
  
 (e) Citizenship. Each Buyer is a Citizen of the United States (as defined in the GIA). 
  

 3 

 4. Representations and Warranties of Sellers. Sellers hereby represent and warrant to Buyers as
follow: 
  
 (a) Ownership of Membership Units. 

 
 (i) CSX Residual is the sole legal and beneficial owner of 54,000 Senior
Preferred Units of the Company, which constitute its entire Membership Interest in the Company, and has good, valid and merchantable title to such Senior Preferred Units, free and clear of all mortgages, liens, pledges, restrictions, security
interests, charges, preferential purchase rights and other encumbrances of any nature (“Liens”). CSX Residual has full authority to transfer complete and unencumbered title to such Senior Preferred Units to HLH pursuant to the terms of
this Agreement. CSX Residual has not assigned any of its rights or interests under the Horizon LLC Agreement in respect of its status as a Member or holder of Units thereunder (“CSX-R Contract Rights”) to any third party and holds the
CSX-R Contract Rights free and clear of all Liens. Except for this Agreement and the Horizon LLC Agreement, there are no contracts or agreements to which CSX Residual is a party which relate to any of said Senior Preferred Units or CSX-R Contract
Rights. 
  
 (ii) CSX Domestic is the sole legal and beneficial
owner of 6,000 Senior Preferred Units of the Company and 100 Common Units of the Company, which together constitute its entire Membership Interest in the Company, and has good, valid and merchantable title to such Senior Preferred Units and such
Common Units, free and clear of all Liens. CSX Domestic has full authority to transfer complete and unencumbered title to such Senior Preferred Units and Common Units to HLPR pursuant to the terms of this Agreement. CSX Domestic has not assigned any
of its rights or interests under the Horizon LLC Agreement in respect of its status as a Member or holder of Units thereunder (“CSX-D Contract Rights”) to any third party and holds the CSX-D Contract Rights free and clear of all Liens.
Except for this Agreement and the Horizon LLC Agreement, there are no contracts or agreements to which CSX Domestic is a party which relate to any of said Senior Preferred Units or Common Units or any of the CSX-R Contract Rights. 
  
 (b) Authority. Sellers have all requisite corporate power and
authority to execute and deliver this Agreement and perform their respective obligations hereunder. The execution of this Agreement by Sellers and the delivery and performance by Sellers of this Agreement have been duly authorized. Any and all
corporate acts and other proceedings required for the due and valid authorization, execution, delivery and performance by Sellers of this Agreement and the consummation by Sellers of the transfer of the Membership Interests (including, but not
limited to, the Units recited herein as owned by Sellers, the CSX-R Contract Rights and the CSX-D Contract Rights) to Buyers have been validly and appropriately taken. 
  

 4 

 (c) Enforceability. This Agreement is a legal, valid and binding obligation of Sellers,
enforceable against Sellers in accordance with its terms, except that enforcement may be limited by bankruptcy, reorganization, insolvency and other similar laws and court decisions relating to or affecting the enforcement of creditors’ rights
generally and by general equitable principles. 
  
 (d) No
Conflicts. The execution and delivery of this Agreement by Sellers, and the performance by Sellers of their respective obligations under this Agreement, will not result in any conflict with, or result in a violation or breach of any of the
provisions of, or constitute (with or without due notice, lapse of time or both) a default under, or give rise to a right of termination, cancellation or acceleration of any obligation under, or result in the creation of any lien or other
encumbrances upon any of the properties or assets of either Seller under, (i) the bylaws or certificates of incorporation of Sellers, (ii) any contract or agreement to which either Seller is a party or by which any of the properties or assets of
either Seller is bound, or (iii) any permit, law, rule, regulation, judgement, order or decree applicable to either Seller or to which any of the properties or assets of either Seller is subject. 
  
 5. Release. Each of CSX, CSX Alaska and the Sellers (each, a
“Releasing Party”), on behalf of itself and the past, present and future subsidiaries, successors and assigns of itself (collectively, the “Related Persons”), hereby forever irrevocably releases and discharges the Company, the
Buyers and their respective Related Persons (individually, a “Released Person” and, collectively, “Released Persons”), from any and all claims, demands, proceedings, causes of action, court orders, obligations, contracts,
agreements (express or implied), debts and liabilities whatsoever, whether known or unknown, suspected or unsuspected, both at law and in equity, which such Releasing Party or any of its Related Persons now has, has ever had or may hereafter have
against the Released Persons arising solely out of the rights of the Releasing Party or any of its Related Persons under Article 4 or Article 8 of the Horizon LLC Agreement or under this Agreement with respect to the redemption or repurchase of, or
distributions with respect to, the Senior Preferred Units and the Common Units which are the subject of this Agreement. Notwithstanding the foregoing, this paragraph 5 shall not be deemed to affect the claims of the Releasing Parties in respect of
their rights, in consideration of their covenants and agreements in this Agreement, (i) to receive the cash consideration from Buyers expressly specified in paragraph 2 of this Agreement, and (ii) arising under paragraph 3 of this Agreement.

  
 6. Acknowledgements. Each of CSX, CSX Residual, and CSX
Alaska hereby acknowledges and confirms that it has been notified by the Company and HLH of the transactions (the “Merger”) contemplated by the Amended and Restated Agreement and Plan of Merger, dated as of July 7, 2004, by and among
H-Lines Holding Corp., H-Lines Subcorp., Horizon Lines Holding Corp. (“HLHC”), and TC Group, L.L.C. in accordance with the relevant terms of the Amended and Restated Guarantee and Indemnity Agreement, dated February 27, 2003, by and among
HLH, the Company, CSX, CSX Alaska and CSX Residual (the “GIA”) and that they have received the joinder agreements, officers’ certificate(s) and legal opinions specified to be delivered pursuant to Sections 11.01(b), 11.02(b)(5) and
11.02(b)(6) of the GIA. 
  

 5 

 7. Amendment; Waivers. Any provision of this Agreement may be amended or modified at any time by
an agreement in writing among the parties hereto approved by their respective authorized signatories and executed in the same manner as this Agreement. 
  
 8. Execution in Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed to constitute an original.
Each such counterpart shall become effective when one counterpart has been signed by each party hereto. 
  
 9. Governing Law. This Agreement shall be governed by, and interpreted in accordance with, the laws of the State of Delaware applicable to
agreements made and to be entirely performed within such State, except as federal law may be applicable. 
  
 10. Expenses. Each party hereto will bear all expenses incurred by it in connection with this Agreement and the transactions contemplated hereby,
without prejudice to Section 11.02(b) of the GIA. 
  
 11. No
Assignment. No party hereto may assign any of its rights or obligations under this Agreement to any other person without the prior written consent of each other party hereto, excluding any transfer or assignment by operation of law. 

 
 12. Headings. The headings in this Agreement are inserted for
convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
  
 13. Entire Agreement. This Agreement supersedes any and all oral or written agreements and understandings heretofore made relating to the subject
matter hereof and contains the entire agreement of the parties relating to the subject matter hereof. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the parties hereto. Nothing in this Agreement is
intended to or shall be construed to confer upon or to give any person other than the parties hereto any rights, remedies, obligation or liabilities under or by reason of this Agreement except as expressly provided herein. 
  
 14. Further Assurances. Each party hereto agrees to take all such
further action as may be necessary or desirable to effectuate the purposes of this Agreement, including the execution, delivery and filing, as the case may be, of certificates, acknowledgments, membership transfer powers and lien releases.

  
 15. Interpretation. No provision of this Agreement
shall be interpreted for or against any party because that party or its legal representative drafted the provision. 
  

 6 

 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed in counterparts as of
the date hereof. 
  

					
	 HLH, LLC

	 (formerly known as Delian Holdings, L.L.C.)

		
	 By:
	 	 /s/ Robert S. Zuckerman

	 	 	 Name:
	 	 Robert S. Zuckerman

	 	 	 Title:
	 	 Vice President

	
	 HORIZON LINES OF PUERTO RICO, INC.

		
	 By:
	 	 /s/ Robert S. Zuckerman

	 	 	 Name:
	 	 Robert S. Zuckerman

	 	 	 Title:
	 	 Vice President

	
	 CSX RESIDUAL COMPANY

		
	 By:
	 	 /s/ David A. Boor

	 	 	 Name:
	 	 David A. Boor

	 	 	 Title:
	 	 President

	
	 CSX DOMESTIC SHIPPING CORPORATION

		
	 By:
	 	 /s/ David A. Boor

	 	 	 Name:
	 	 David A. Boor

	 	 	 Title:
	 	 Vice President

	
	 CSX CORPORATION

		
	 By:
	 	 /s/ David A. Boor

	 	 	 Name:
	 	 David A. Boor

	 	 	 Title:
	 	 VP Tax & Treasurer

  

 7 

 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed in counterparts as of
the date hereof. 
  

					
	 CSX ALASKA VESSEL COMPANY, LLC

		
	 By:
	 	 /s/ David A. Boor

	 	 	 Name:
	 	 David A. Boor

	 	 	 Title:
	 	 Vice President

  

 8

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