Document:

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                                                                   EXHIBIT 10.33

                              Vacant Land Contract
                         Florida Association of Realtors

                       PARTIES AND DESCRIPTION OF PROPERTY

1.   SALE AND PURCHASE: WILLIAM DEWEY WALKER & DELMA JEAN (husband & wife)
     ("Seller") and ATLANTIC COAST CONSTRUCTION & DEVELOPMENT, INC. and/or
     Assigns ("Buyer") agree to see and buy on the same terms and conditions
     specified below the property ("Property") described as:

     Address:  6285 33rd St., Vero Beach, FL 32966-6404
     Legal Description:  Parcel ID #32393200001011000001.1
     including all improvements and the following additional property:

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                               PRICE AND FINANCING

2. PURCHASE PRICE: $1,643,000.00 payable by Buyer in U.S. currency as follows:

   (a)  $25,000     Deposit received (checks are subject to clearance) Sep. 12,
                    2005 by                 for: CHARLES E. GARRIS, ESQ.
                            ---------------      -----------------------
                            Signature            Name of Company
                    ("Escrow Agent").

   (b)  $125,000    Additional deposit to be delivered to Escrow Agent by
                    __________ or 60 days from Effective Date. (10 days if left
                    blank).

   (c)  -0-         Total financing (see Paragraph 3 below) (express as a dollar
                    amount or percentage)

   (d)  -0-         Other:______________________________________________________

   (e)  $1,493,000  Balance to close (not Including Buyer's closing costs,
                    prepaid items and prorations). All funds paid at closing
                    must be paid by locally drawn cashier's check, official bank
                    check, or wired funds.

3. CLOSING DATE; OCCUPANCY: This Contract will be closed and the deed and
   possession delivered on or before December 28, 2005, unless extended by
   other

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provisions of this Contract. If on Closing Date insurance underwriting is
suspended, Buyer may postpone closing up to 5 days after the Insurance
suspension is lifted. If this transaction does not close for any reason, Buyer
will immediately return all Seller provided title evidence, surveys, association
documents and other items.

4. CLOSING PROCEDURE; COSTS: Closing will take place in the county where the
   Property is located and may be conducted by mail or electronic means. If
   title insurance insures Buyer for title defects arising between the title
   binder effective date and recording of Buyer's deed, closing agent will
   disburse at closing the net sale proceeds to Seller (in local cashier's
   checks if Seller requests in writing at least 5 days prior to closing) and
   brokerage fees to Broker as per Paragraph 17. In addition to other expenses
   provided in this Contract, Seller and buyer will pay the costs indicated
   below:

   (a)  SELLER COSTS: Seller will pay taxes on the deed and recording fees for
        documents needed to cure title; title evidence (if applicable under
        Paragraph 8): Other: ____
        _______________________________________________________________________.

   (b)  BUYER COSTS: Buyer will pay taxes and recording fees on notes and
        mortgages and recording fees on the deed and financing statements;
        loan expenses; lender's title policy at the simultaneous issue rate;
        Inspections; survey and sketch; Insurance; Other: _____________________.

   (c)  TITLE EVIDENCE AND INSURANCE: Check (1) or (2):

        [X] The title evidence will be a Paragraph 8(a)(1) owner's title
        insurance commitment. [X] Seller [ ] Buyer will select the title
        agent. [X] Seller [ ] Buyer will pay for the owner's title policy,
        search, examination and related charges. Each party will pay its own
        closing fees.

   (d)  PRORATIONS: The following items will be made current and prorated as
        of the day before Closing Date; real estate taxes, interest, bonds,
        assessments, leases and other Property expenses and revenues. If taxes
        and assessments for the current year cannot be determined, the
        previous year's rates will be used with adjustment for any exemptions.
        PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S
        CURRENT PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT BUYER MAY
        BE OBLIGATED TO PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF
        OWNERSHIP OR PROPERTY IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE
        PROPERTY THAT COULD RESULT IN HIGHER PROPERTY TAXES. IF YOU HAVE ANY
        QUESTIONS CONCERNING VALUATION, CONTACT THE COUNTY PROPERTY APPRAISER'S
        OFFICE FOR FURTHER INFORMATION.

   (e)  SPECIAL ASSESSMENT BY PUBLIC BODY: Regarding special assessments
        imposed by a public body, Seller will pay (i) the full amount of liens
        that are certified, confirmed and ratified before closing and (ii) the
        amount of the last estimate of

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        the assessment if an improvement is substantially completed as of
        Effective Date but has not resulted in a lien before closing, and
        Buyer will pay all other amounts.

   (f)  TAX WITHHOLDING: If Seller is a "foreign person" as defined by FIRPTA,
        Section 1445 of the Internal Revenue Code requires Buyer to withhold
        10% of the amount realized by the Seller on the transfer and remit the
        withheld amount to the Internal Revenue Service (IRS) unless an
        exemption applies. The primary exemptions are (1) Seller provides
        Buyer with an affidavit that Seller is not a "foreign person", (2)
        Seller provides Buyer with a Withholding Certificate providing for
        reduced or eliminated withholding, or (3) the gross sales price is
        $300,000 or less, Buyer is an individual who purchases the Property to
        use as a residence, and Buyer or a member of Buyer's family has
        definite plans to reside at the Property for at least 50% of the
        number of days the Property is in use during each of the first two 12
        month periods after transfer. The IRS requires Buyer and Seller to
        have a U.S. federal taxpayer identification number ("TIN"). Buyer and
        Seller agree to execute and deliver as directed any instrument,
        affidavit or statement reasonably necessary to comply with FIRPTA
        requirements including applying for a TIN within 3 days from Effective
        Date and delivering their respective TIN or Social Security numbers to
        the Closing Agent.

        If Seller applies for a withholding certificate but the application is
        still pending as outstanding, Buyer will place the 10% tax in escrow
        at Seller's expense to be disbursed in accordance with the final
        determination of the IRS, provided Seller so requests and gives Buyer
        notice of the pending application in accordance with Section 1445. If
        Buyer does not pay sufficient cash at closing to meet the withholding
        requirement, Seller will deliver to Buyer at closing the additional
        cash necessary to satisfy the requirement. Buyer will timely disburse
        the funds to the IRS and provide Seller with copies of the tax forms
        and receipts.

   (g)  1031 EXCHANGE: If either Seller or Buyer wishes to enter into a
        like-kind exchange (either simultaneously with closing or after) under
        Section 1031 of the Internal Revenue Code ("Exchange"), the other
        party will cooperate in all reasonable respects to effectuate the
        Exchange including executing documents; provided, however, that the
        cooperating party will incur no liability or cost related to the
        Exchange and that the closing shall not be contingent upon, extended
        or delayed by the Exchange.

                               PROPERTY CONDITION

5. LAND USE: Seller will deliver the Property to Buyer at the time agreed in
   its present "as is" condition, with conditions resulting from Buyer's
   inspections and casualty damage, if any, excepted. Seller will maintain the
   landscaping and grounds in a comparable condition and will not engage in or
   permit any activity that would materially alter the Property's condition
   without the Buyer's prior written consent.

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   (a)  FLOOD ZONE: Buyer is advised to verify by survey, with the lender and
        with appropriate government agencies which flood zone the Property is
        in, whether flood insurance is required and what restrictions apply to
        improving the Property and rebuilding in the event of casualty.

   (b)  GOVERNMENT REGULATIONS: Buyer is advised that changes in government
        regulations and levels of service which affect Buyer's intended use of
        the Property will not be grounds for canceling this Contract if the
        Feasibility Study Period has expired or if Buyer has checked choice
        (c)(2) below.

   (c)  INSPECTIONS: (check (1) or (2) below)

        [X] (1) Feasibility Study: Buyer will, at Buyer's expense and within
        60 days from Effective Date ("Feasibility Study Period"), determine
        whether the Property is suitable, in Buyer's sole and absolute
        discretion, for residential development use. During the Feasibility
        Study Period, Buyer may conduct a Phase I environmental assessment and
        any other tests, analyses, surveys and investigations ("Inspections")
        that Buyer deems necessary to determine to Buyer's satisfaction the
        Property's engineering, architectural and environmental properties;
        zoning and zoning restrictions; subdivision statutes; soil and grade;
        availability of access to public roads, water and other utilities;
        consistency with local, state and regional growth management plans;
        availability of permits, government approvals, and licenses; and other
        Inspections that Buyer deems appropriate to determine the Property's
        suitability for the Buyer's intended use. If the Property must be
        rezoned, Buyer will obtain the rezoning from the appropriate
        government agencies. Seller will sign all documents Buyer is required
        to file in connection with development or rezoning approvals.

        Seller gives Buyer, its agents, contractors and assigns, the right to
        enter the Property at any time during the Feasibility Study Period for
        the purpose of conducting Inspections; provided, however, that Buyer,
        its agents, contractors and assigns enter the Property and conduct
        Inspections at their own risk. Buyer will indemnify and hold Seller
        harmless from losses, damages, costs, claims and expenses of any
        nature, including attorneys' fees, expenses and liability incurred in
        application for rezoning or related proceedings, and from liability to
        any person, arising from the conduct of any and all Inspections or any
        work authorized by Buyer. Buyer will not engage in any activity that
        could result in a construction lien being filed against the Property
        without Seller's prior written consent. If this transaction does not
        close, Buyer will, at Buyer's expense, (1) repair all damages to the
        Property resulting from the Inspections and return the Property to the
        condition it was in prior to conduct of the Inspections, and (2)
        release to Seller all reports and other work generated as a result of
        the Inspections.

        Buyer will deliver written notice to Seller prior to the expiration of
        the Feasibility Study Period of Buyer's determination of whether or not
        the Property is acceptable. Buyer's failure to comply with this notice
        requirement will constitute

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        acceptance of the Property as suitable for Buyer's intended use in its
        "as is" condition. If the Property is unacceptable to Buyer and written
        notice of this fact is timely delivered to Seller, this Contract will be
        deemed terminated as of the day after the Feasibility Study Period ends
        and Buyer's deposit(s) will be returned after Escrow Agent receives
        proper authorization from all interested parties.

        [ ] (2) No Feasibility Study: Buyer is satisfied that the Property is
        suitable for Buyer's purposes, including being satisfied that
        either public sewerage and water are available to the Property or
        the Property will be approved for the installation of a well
        and/or private sewerage disposal system and that existing zoning
        and other pertinent regulations and restrictions, such as
        subdivision or deed restrictions, concurrency, growth management
        and environmental conditions, are acceptable to Buyer. This
        Contract is not contingent on Buyer conducting any further
        investigations.

   (d)  SUBDIVIDED LANDS: If this Contract is for the purchase of
        subdivided lands, defined by Florida Law as "(a) Any contiguous
        land which is divided or is proposed to be divided for the
        purpose of disposition into 50 or more lots, parcels, units, or
        interests; or (b) Any land, whether contiguous or not, which is
        divided or proposed to be divided into 50 or more lots, parcels,
        units or interests which are offered as a part of a common
        promotional plan." Buyer may cancel this Contract for any reason
        whatsoever for a period of 7 business days from the date on which
        Buyer executes this Contract. If Buyer elects to cancel within
        the period provided, all funds or other property paid by Buyer
        will be refunded without penalty or obligation within 20 days of
        the receipt of the notice of cancellation by the developer.

6. RISK OF LOSS; EMINENT DOMAIN: If any portion of the Property is materially
   damaged by casualty before closing, or Seller negotiates with a
   governmental authority to transfer all or part of the Property in lieu of
   eminent domain proceedings, or if an eminent domain proceeding is
   initiated, Seller will promptly inform Buyer. Either party may cancel this
   Contract by written notice to the other within 10 days from Buyer's receipt
   of Seller's notification, failing which Buyer will close in accordance with
   this Contract and receive all payments made by the government authority or
   insurance company, if any.

                                      TITLE

7. TITLE: Seller will convey marketable title to the Property by statutory
   warranty deed or trustee, personal representative or guardian deed as
   appropriate to Seller's status.

   (a)  TITLE EVIDENCE: Title evidence will show legal access to the Property
        and marketable title of record in Seller in accordance with current
        title standards adopted by the Florida Bar, subject only to the
        following title exceptions, none of which prevent Buyer's intended use
        of the Property as Residential subdivision: covenants, easements and
        restrictions of record; matters of plat; existing zoning and
        government regulations; oil, gas and mineral rights of record if there
        is no

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        right of entry; current taxes; mortgages that Buyer will assume; and
        encumbrances that Seller will discharge at or before closing. Seller
        will deliver to Buyer Seller's choice of one of the following types of
        title evidence, which must be generally accepted in the county where the
        Property is located (specify in Paragraph 5(c) the selected type).
        Seller will use option (1) in Palm Beach County and option (2) in
        Miami-Dade County.

        (1) A title insurance commitment issued by a Florida-licensed title
        insurer in the amount of the purchase price and subject only to title
        exceptions set forth in this Contract and delivered no later than 2 days
        before Closing Date.

        (2) An existing abstract of title from a reputable and existing abstract
        firm (if firm is not existing, then abstract must be certified as
        correct by an existing firm) purporting to be an accurate synopsis of
        the instruments affecting title to the Property recorded in the public
        records of the county where the Property is located and certified to
        Effective Date.

        However, if such an abstract is not available to Seller, then a prior
        owner's title policy acceptable to the proposed insurer as a base for
        reissuance of coverage. Seller will pay for copies of all policy
        exceptions and an update in a format acceptable to Buyer's closing agent
        from the policy effective date and certified to Buyer or Buyer's closing
        agent, together with copies of all documents recited in the prior policy
        and in the update. If a prior policy is not available to Seller then (1)
        above will be the title evidence. Title evidence will be delivered no
        later than 10 days before Closing Date.

   (b)  TITLE EXAMINATION: Buyer will examine the title evidence and deliver
        written notice to Seller, within 5 days from receipt of title
        evidence, but no later than closing, of any defects that make the
        title unmarketable. Seller will have 30 days from receipt of Buyer's
        notice of defects ("Curative Period") to cure the defects at Seller's
        expense. If Seller cures the defects within the Curative Period,
        Seller will deliver written notice to Buyer and the parties will close
        the transaction on Closing Date or within 10 days from Buyer's receipt
        of Seller's notice if Closing Date has passed. If Seller is unable to
        cure the defects within the Curative Period, Seller will deliver
        written notice to Buyer and Buyer will, within 10 days from receipt of
        Seller's notice, either cancel this Contract or accept title with
        existing defects and close the transaction.

   (c)  SURVEY: Buyer may, prior to Closing Date and at Buyer's expense, have
        the Property surveyed and deliver written notice to Seller, within 5
        days from receipt of survey but no later than 5 days prior to closing,
        of any encroachments on the Property, encroachments by the Property's
        Improvements on other lands or deed restriction or zoning violations.
        Any such encroachment or violation will be treated in the same manner as
        a title defect and Buyer's and Seller's obligations will be determined
        in accordance with subparagraph (b) above. If any part of the Property
        lies seaward of the coastal construction control line, Seller will
        provide

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         Buyer with an affidavit or survey as required by law delineating the
         line's location on the property, unless Buyer waives this requirement
         in writing.

                                  MISCELLANEOUS

8.  EFFECTIVE DATE; TIME: The "Effective Date" of this Contract is the date on
    which the last of the parties initials or signs the latest offer. Time is
    of the essence for all provisions of this Contract. All time periods
    expressed as days will be computed in business days (a "business day" is
    every calendar day except Saturday, Sunday and national legal holidays). If
    any deadline falls on a Saturday, Sunday or national legal holiday,
    performance will be due the next business day. All time periods will end at
    5:00 p.m. local time (meaning in the county where the Property is located)
    of the appropriate day.

9.  NOTICES: All notices will be made to the parties and Broker by mail,
    personal delivery or electronic media. Buyer's failure to deliver timely
    written notice to Seller, when such notice is required by this Contract,
    regarding any contingencies will render that contingency null and void and
    the Contract will be construed as if the contingency did not exist. Any
    notice, document or item given to or received by an attorney or Broker
    (including a transaction broker) representing a party will be as effective
    as if given to or by that party.

10. COMPLETE AGREEMENT: This Contract is the entire agreement between Buyer and
    Seller. Except for brokerage agreements, no prior or present agreements
    will bind Buyer, Seller or Broker unless incorporated into this Contract.
    Modifications of this Contract will not be binding unless in writing,
    signed or initialed and delivered by the party to be bound. This Contract,
    signatures, initials, documents referenced in this Contract, counterparts
    and written modifications communicated electronically or on paper will be
    acceptable for all purposes, including delivery, and will be binding.
    Handwritten or typewritten terms inserted in or attached to this Contract
    prevail over preprinted terms. If any provision of this Contract is or
    becomes invalid or unenforceable, all remaining provisions will continue to
    be fully effective. Buyer and Seller will use diligence and good faith in
    performing all obligations under this Agreement. This Contract will not be
    recorded in any public records.

11. ASSIGNABILITY; PERSONS BOUND: Buyer may assign this Contract without
    Seller's written consent. The terms "Buyer," "Seller," and "Broker" may be
    singular or plural. This Contract is binding on the heirs, administrators,
    executors, personal representatives and assigns (if permitted) of Buyer,
    Seller and Broker.

                         DEFAULT AND DISPUTE RESOLUTION

12. DEFAULT: (a) Seller Default: If for any reason other than failure of Seller
    to make Seller's title marketable after diligent effort, Seller fails,
    refuses or neglects to perform this Contract, Buyer may choose to receive a
    return of Buyer's deposit without waiving the right to seek damages or to
    seek specific performance as per Paragraph 14. Seller

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    will also be liable to broker for the full amount of the brokerage fee.
    (b) Buyer Default: If Buyer fails to perform this Contract within the
    time specified, including timely payment of all deposits, Seller may
    choose to retain and collect all deposits paid and agreed to be paid as
    liquidated damages or to seek specific performance as per Paragraph 14;
    and Broker will, upon demand, receive 50% of all deposits paid and
    agreed to be paid (to be split equally among cooperating brokers except
    when closing does not occur due to Buyer not being able to secure
    Financing after providing a Commitment, in which case Broker's portion
    of the deposits will go solely to the listing broker) up to the full
    amount of the brokerage fee.

13. DISPUTE RESOLUTION: This Contract will be construed under Florida law. All
    controversies, claims and other matters in question arising out of or
    relating to this transaction or this Contract or its breach will be settled
    as follows:

    (a)  DISPUTES CONCERNING ENTITLEMENT TO DEPOSITS MADE AND AGREED TO BE
         MADE: Buyer and Seller will have 30 days from the date conflicting
         demands are made to attempt to resolve the dispute through mediation.
         If that fails, Escrow Agent will submit the dispute, if so required by
         Florida law, to Escrow Agent's, a Florida court, Buyer and Seller will
         be bound by any resulting award, judgement, or order.

    (b)  ALL OTHER DISPUTES: Buyer and Seller will have 30 days from the date a
         dispute arises between them to attempt to resolve the matter through
         mediation, failing which the parties will resolve the dispute through
         neutral binding arbitrator in the county where the Property is
         located. The arbitrator may not alter the Contract terms or award any
         remedy not provided for in this Contract. The award will be based on
         the greater weight of the evidence and will state findings of fact and
         the contractual authority on which it is based. If the parties agree
         to use discovery, it will be in accordance with the Florida Rules of
         Civil Procedure and the arbitrator will resolve all discovery-related
         disputes. Any disputes with a real estate licensee named in paragraph
         17 will be submitted to arbitration only if the licensee's broker
         consents in writing to become a party to the proceeding. This clause
         will survive closing.

    (c)  MEDIATION AND ARBITRATION; EXPENSES: "Mediation" is a process in which
         parties attempt to resolve a dispute by submitting it to an impartial
         mediator who facilitates the resolution of the dispute but who is not
         empowered to impose a settlement on the parties. Mediation will be in
         accordance with the rules of the American Arbitration Association
         ("AAA") or other mediator agreed on by the parties. The parties will
         equally divide the mediation fee, if any. "Arbitration" is a process in
         which the parties resolve a dispute by a hearing before a neutral
         person who decides the matter and whose decision is binding on the
         parties. Arbitration will be in accordance with the rules of the AAA or
         other arbitrator agreed on by the parties. Each party to any
         arbitration will pay its own fees, costs and expenses, including
         attorneys' fees, and will equally split the arbitrators' fees and

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        administrative fees of arbitration. In a civil action to enforce an
        arbitration award, the prevailing party to the arbitration shall be
        entitled to recover from the nonprevailing party reasonable attorneys'
        fees, costs and expenses.

                             ESCROW AGENT AND BROKER

14. ESCROW AGENT: Buyer and Seller authorize Escrow Agent to receive, deposit
    and hold funds and other items in escrow and, subject to clearance,
    disburse them upon proper authorization and in accordance with Florida law
    and the terms of this Contract, including disbursing brokerage fees. The
    parties agree that Escrow Agent will not be liable to any person for
    misdelivery of escrowed items to Buyer or Seller, unless the misdelivery is
    due to Escrow Agent's willful breach of this Contract or gross negligence.
    If Escrow Agent interpleads the subject matter of the escrow, Escrow Agent
    will pay the filing fees and costs from the deposit and will recover
    reasonable attorneys' fees and costs to be paid from the escrowed funds or
    equivalent and charged and awarded as court costs in favor of the
    prevailing party. All claims against Escrow Agent will be arbitrated, so
    long as Escrow Agent consents to arbitrate.

15. PROFESSIONAL ADVICE; BROKER LIABILITY. Broker advises Buyer and Seller to
    verify all facts and representations that are important to them and to
    consult an appropriate professional for legal advice (for example,
    interpreting contracts, determining the affect of laws on the Property and
    transaction, status of title, foreign Investor reporting requirements,
    etc.) and for tax, property condition, environmental and other specialized
    advice. Buyer acknowledges that Broker does not reside in the Property and
    that all representations (oral, written or otherwise) by Broker are based
    on Seller representations or public records. Buyer agrees to rely solely on
    Seller, professional inspectors and governmental agencies for verification
    of the Property condition and facts that materially affect Property value.
    Buyer and Seller respectively will pay all costs and expenses, including
    reasonable attorneys' fees at all levels, incurred by Broker and Broker's
    officers, directors, agents and employees in connection with or arising
    from Buyer's or Seller's misstatement or failure to perform contractual
    obligations. Buyer and Seller hold harmless and release Broker and Broker's
    officers, directors, agents and employees from all liability for loss or
    damage based on (1) Buyer's or Seller's misstatement or failure to perform
    contractual obligations; (2) Broker's performance, at Buyer's and/or
    Seller's request, of any task beyond the scope of services regulated by
    Chapter 475, F.S., as amended, including Broker's referral, recommendation
    or retention of any vendor; (3) products or services provided by any
    vendor; and (4) expenses incurred by any vendor. Buyer and Seller each
    assume full responsibility for selecting and compensating their respective
    vendors. This paragraph will not relieve Broker of
    statutory obligations. For purposes of this paragraph, Broker will be
    treated as a party to this Contract. This paragraph will survive closing.

16. BROKERS: The licensee(s) and brokerage(s) named below are collectively
    referred to as "Broker." Instruction to Closing Agent: Seller and Buyer
    direct closing agent to disburse at closing the full amount of the
    brokerage fees as specified in separate

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    brokerage agreements with the parties and cooperative agreements
    between the brokers, except to the extent Broker has retained such fees
    from the escrowed funds. In the absence of such brokerage agreements,
    closing agent will disburse brokerage fees as indicated below. This
    paragraph will not be used to modify any MLS or other offer of
    compensation made by Seller or listing broker to cooperative brokers.

                                        Atlantic Coast Land & Home, Inc.
------------------------------------    ----------------------------------------
Selling Sales Associate  License No.    Selling Firm/Brokerage Fee: ($ or % of
                                        Purchase Price)  $46,500.00

                                        Indian River Real Estate
------------------------------------    ----------------------------------------
Selling Sales Associate  License No.    Selling Firm/Brokerage Fee: ($ or % of
                                        Purchase Price)  $46,500.00

17. ADDITIONAL TERMS:

    Note:

    "I changed 45 day Due Dil to 60 days Due Dil. Because of no survey, no
    environmental, etc. you will need these things if I don't close. If I do
    not close, I will give them to you. I also will get an appraisal.

    Joe P.

                              OFFER AND ACCEPTANCE

(Check if applicable: [ ] Buyer received a written real property disclosure
statement from Seller before making this Offer). Buyer offers to purchase the
Property on the above terms and conditions. Unless this Contract is signed by
Seller and a copy delivered to Buyer no later than 3:00 [ ] a.m. [X] p.m. on
Sept. 16, 2005, this offer will be revoked and Buyer's deposit refunded subject
to clearance of funds.

Date:  9/12/05                       Buyer:_____________________________________
                                     Print name:  Joseph Paladin, President
                                                  ------------------------------
Date:  9/15/05                       Seller:____________________________________
Phone:  772-388-0072                 Print name:  Atlantic Coast Const. &
Fax: 772-388-1930                                 Development, Inc.
E-Mail:______________________        -----------------------------------------
Fax: 772-388-1930                    Address:  730 Commerce Center Dr. #C
                                     Sebastian, FL  32958

Date:  9/12/05                       Buyer:_____________________________________
                                     Print name:  William Dewey Walker
                                                  ------------------------------
Date:  9/15/05                       Seller:____________________________________
Phone: ______________________        Print name:  Delma Jean Walker
                                                  ------------------------------

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Fax: ________________________        Address:  6285 33rd St.
E-Mail:______________________        Vero Beach, FL  32963

                             COUNTER OFFER/REJECTION

[X] Seller counters Buyer's offer (to accept the counter offer, Buyer must sign
or initial the counter offered terms and deliver a copy of the acceptance to
Seller by 5:00 p.m. on September 16, 2005. [ ] Seller rejects Buyer's offer.

Effective Date: ________________ (The date on which the last party signed or
initialed acceptance or the final offer).

Buyer (___) (___) and Seller (___) (___) acknowledge receipt of a copy of this
page, which is Page 11 of 13 Pages.

<PAGE>

ADDENDUM TO CONTRACT

Addendum No. 1 to the Contract dated September 12, 2005 between William Dewey
Walker and Thelma Jean Walker (Seller) and Atlantic Coast Construction and
Development Inc. (Buyer) concerning the property described as:

The west 10 acres of the east 20 acres of tract 11-32-39-32 (the "Contract").
Buyer and Seller make the following terms and conditions part of the Contract:

1.  Buyer agrees to cooperate with the Sellers in order to permit the Seller to
    enter into a tax free exchange (Section 1031) on that portion of the
    Seller's property which does not qualify as the sale of the Sellers'
    personal residence. For purposes of this Agreement, the Parties acknowledge
    that $500,000.00 shall be allocable to the Sellers' personal residence. The
    Seller shall indemnify the Buyer against any additional cost, expense,
    liability, obligation or other financial exposure with respect to its
    assistance and cooperation in regard to the Section 1031 Exchange.

2.  The Sellers obligation to pay any brokerage fee shall not arise unless and
    until the Sellers receive complete payment of the purchase price in
    accordance with the terms of this Contract. Both brokers set forth herein
    acknowledge they are duly licensed as realtors and will provide their
    license to the closing agent at closing.

3.  Sellers shall have the option to continue to operate their citrus sales on
    the premises through March 31, 2006. In the event Sellers provides notice
    to Buyers of the exercise of this option no later than 15 days prior to
    closing Sellers shall provide to the Buyers at closing a copy of their
    general liability policy naming the Buyer as an additional insured and said
    policy shall be continued at not less than its current limits. At closing
    the Sellers shall credit the Buyer with $3.00 representing the rent of $1
    per month for the months of January, February and March, 2006 in the event
    the option is exercised.

                             See Continuation Sheet

[Handwritten note reads:  Cannot agree until I see copy of Policy]

-------------------------------------      -------------------------------------
BUYER                      Date:           SELLER                      Date:

-------------------------------------      -------------------------------------
BUYER                      Date:           SELLER                      Date:

Buyer (___) (___) and Seller (___) (___) acknowledge receipt of a copy of this
page, which is Page 12 of 13 Pages.

<PAGE>

ADDENDUM TO CONTRACT            CONTINUATION PAGE

4.  I will save palm tree. I want it to stay. If I do not save tree Seller may
    move. I will save it.

5.  The sale does not include any of the citrus packing equipment, customer
    list or any other property belonging to Walker Citrus.

6.  Sellers shall have the right to remove the 40' by 60' metal building at the
    Sellers sole expense prior to closing. The right to remove said building
    shall be extended until March 21, 2006 in the event Sellers exercise the
    option to continue the citrus sales as permitted above. [Handwritten note
    reads: I need to access property by March 31. Will work with you, Joe]

7.  Buyer acknowledges Buyer is purchasing this property for purposes of
    creating a residential subdivision; no value is attributed to any remaining
    trees or other remaining improvements located on the property.

8.  Notwithstanding the provisions of paragraph 7, in no event shall damage
    created by a hurricane or other storm be deemed to materially affect the
    value of the property.

9.  When you turn over property to me, I want the option to do a 2nd Phase I if
    it is diff. than last Phase I. You must take responsibility. If I elect not
    to do a 2nd Phase I, that is my option.

Buyer (___) (___) and Seller (___) (___) acknowledge receipt of a copy of this
page, which is Page 13 of 13 Pages.Registration Rights Agreement

 Exhibit 4.3 
  

REGISTRATION RIGHTS AGREEMENT 
  
 This REGISTRATION RIGHTS AGREEMENT dated December 1, 2005 (this “Agreement”) is entered into by and among Chaparral Energy, Inc., a
Delaware corporation (the “Company”), the guarantors listed in Schedule I hereto and J.P. Morgan Securities Inc. (“JPMorgan”) and the several initial purchasers listed in Schedule A hereto (the “Initial Purchasers”).

  
 The Company, the Guarantors and the Initial Purchasers are
parties to the Purchase Agreement dated November 22, 2005 (the “Purchase Agreement”), which provides for the sale by the Company to the Initial Purchasers of $325,000,000 aggregate principal amount of the Company’s 8 1/2% Senior Notes due 2015 (the “Securities”) which will be guaranteed on an unsecured senior basis by each
of the Guarantors. As an inducement to the Initial Purchasers to enter into the Purchase Agreement, the Company and the Guarantors have agreed to provide to the Initial Purchasers and their direct and indirect transferees the registration rights set
forth in this Agreement. The execution and delivery of this Agreement is a condition to the closing under the Purchase Agreement. 
  
 In consideration of the foregoing, the parties hereto agree as follows: 
  

	 	1.	Definitions. As used in this Agreement, the following terms shall have the following meanings: 

  
 “Business Day” shall mean any day that is not a Saturday, Sunday or other day on which commercial banks in New
York City are authorized or required by law to remain closed. 
  
 “Closing Date” shall mean the Closing Date as defined in the Purchase Agreement. 
  
 “Company” shall have the meaning set forth in the preamble and shall also include the Company’s successors. 
  
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as
amended from time to time. 
  
 “Exchange Dates” shall
have the meaning set forth in Section 2(a)(ii) hereof. 
  
 “Exchange Offer” shall mean the exchange offer by the Company and the Guarantors of Exchange Securities for Registrable Securities pursuant to Section 2(a) hereof. 
  
 “Exchange Offer Registration” shall mean a registration under the Securities Act effected pursuant to
Section 2(a) hereof. 
  
 “Exchange Offer Registration
Statement” shall mean a registration statement on Form S-4 (or, if applicable, on another appropriate form) relating to an offering of Exchange Securities pursuant to an Exchange Offer) and all amendments and supplements to such registration
statement, in each case including the Prospectus contained therein, all exhibits thereto and any document incorporated by reference therein. 
  
 “Exchange Securities” shall mean senior notes issued by the Company and guaranteed by the Guarantors under the Indenture containing terms
identical in all material respects to the Securities (except that the Exchange Securities will not be subject to restrictions on transfer or contain terms with respect to the payment of liquidated damages) and to be offered to Holders of Securities
in exchange for Securities pursuant to the Exchange Offer. 

 “Guarantors” shall have the meaning set forth in the preamble and shall also include any
Guarantor’s successors. 
  
 “Holders” shall mean
the Initial Purchasers, for so long as they own any Registrable Securities, and each of their successors, assigns and direct and indirect transferees who become owners of Registrable Securities under the Indenture; provided that for purposes of
Sections 4 and 5 of this Agreement, the term “Holders” shall include Participating Broker-Dealers. 
  
 “Indemnified Person” shall have the meaning set forth in Section 5(c) hereof. 
  
 “Indemnifying Person” shall have the meaning set forth in Section 5(c) hereof. 
  
 “Indenture” shall mean the Indenture relating to the Securities and
the Exchange Securities dated as of December 1, 2005 among the Company, the Guarantors and Wells Fargo Bank, National Association, as trustee, and as the same may be amended from time to time in accordance with the terms thereof. 
  
 “Initial Purchasers” shall have the meaning set forth in the
preamble. 
  
 “Inspector” shall have the meaning set
forth in Section 3(a)(xiii) hereof. 
  
 “JPMorgan”
shall have the meaning set forth in the preamble. 
  
 “Liquidated Damages” shall have the meaning set forth in Section 2(d) hereof. 
  
 “Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of the outstanding Registrable Securities; provided
that whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, any Registrable Securities owned directly or indirectly by the Company or any of its affiliates shall not be considered
outstanding and shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage or amount; and provided, further, that if the Company shall issue any additional Securities under the Indenture
prior to consummation of the Exchange Offer or, if applicable, the effectiveness of any Shelf Registration Statement, such additional Securities and the Registrable Securities to which this Agreement relates shall be treated together as one class
for purposes of determining whether the consent or approval of Holders of a specified percentage of Registrable Securities has been obtained. 
  
 “Participating Broker-Dealers” shall have the meaning set forth in Section 4(a) hereof. 
  
 “Person” shall mean an individual, partnership, limited liability
company, corporation, trust or unincorporated organization, or a government or agency or political subdivision thereof. 
  
 “Prospectus” shall mean the prospectus included in a Registration Statement, including any preliminary prospectus, and any such prospectus as
amended or supplemented by any prospectus supplement, including a prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and
supplements to such prospectus, and in each case including any document incorporated by reference therein. 
  
 “Purchase Agreement” shall have the meaning set forth in the preamble. 
  
 “Registrable Securities” shall mean the Securities; provided that the Securities shall cease to be Registrable
Securities (i) when a Registration Statement with respect to such Securities has been declared effective under the Securities Act and such Securities have been exchanged or disposed of pursuant to 

  

 2 

 
such Registration Statement, (ii) when such Securities are eligible to be sold pursuant to Rule 144(k) (or any similar provision then in force, but not
Rule 144A) under the Securities Act or (iii) when such Securities cease to be outstanding. 
  
 “Registration Default” shall have the meaning set forth in Section 2(d) hereof. 
  
 “Registration Expenses” shall mean any and all expenses incident to
performance of or compliance by the Company and the Guarantors with this Agreement, including without limitation: (i) all SEC, stock exchange or National Association of Securities Dealers, Inc. registration and filing fees, (ii) all fees
and expenses incurred in connection with compliance with state securities or blue sky laws (including reasonable fees and disbursements of counsel for any Underwriters or Holders in connection with blue sky qualification of any Exchange Securities
or Registrable Securities), (iii) all expenses of any Persons in preparing or assisting in preparing, word processing, printing and distributing any Registration Statement, any Prospectus and any amendments or supplements thereto, any
underwriting agreements, securities sales agreements or other similar agreements and any other documents relating to the performance of and compliance with this Agreement, (iv) all rating agency fees, (v) all fees and disbursements
relating to the qualification of the Indenture under applicable securities laws, (vi) the fees and disbursements of the Trustee and its counsel, (vii) the fees and disbursements of counsel for the Company and the Guarantors and, in the
case of a Shelf Registration Statement, the reasonable fees and disbursements of one counsel for the Holders (which counsel shall be selected by the Majority Holders and which counsel may also be counsel for the Initial Purchasers) and
(viii) the fees and disbursements of the independent public accountants of the Company and the Guarantors, including the expenses of any special audits or “comfort” letters required by or incident to the performance of and compliance
with this Agreement, but excluding fees and expenses of counsel to the Underwriters (other than fees and expenses set forth in clause (ii) above) or the Holders and underwriting discounts and commissions, brokerage commissions and transfer
taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder. 
  
 “Registration Statement” shall mean any registration statement of the Company and the Guarantors that covers any of the Exchange Securities or Registrable Securities pursuant to the provisions of this
Agreement and all amendments and supplements to any such registration statement, including post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto and any document incorporated by reference therein.

  
 “SEC” shall mean the United States Securities and
Exchange Commission. 
  
 “Securities” shall have the
meaning set forth in the Preamble. 
  
 “Securities Act”
shall mean the Securities Act of 1933, as amended from time to time. 
  
 “Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof. 
  
 “Shelf Registration” shall mean a registration effected pursuant to Section 2(b) hereof. 
  
 “Shelf Registration Default” shall have the meaning set forth in
Section 2(d) hereof. 
  
 “Shelf Registration
Statement” shall mean a “shelf” registration statement of the Company and the Guarantors that covers all or a portion of the Registrable Securities (but no other securities unless approved by the Holders of a majority of the aggregate
principal amount of Registrable Securities t hat are to be covered by such Shelf Registration Statement) on an appropriate form under Rule 415 under the Securities Act, or any similar rule that may be adopted by the SEC, and all amendments and
supplements to 

  

 3 

 
such registration statement, including post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto and any
document incorporated by reference therein. 
  
 “Staff”
shall mean the staff of the SEC. 
  
 “Trust Indenture
Act” shall mean the Trust Indenture Act of 1939, as amended from time to time. 
  
 “Trustee” shall mean the trustee with respect to the Securities under the Indenture. 
  
 “Underwriter” shall have the meaning set forth in Section 3(e) hereof. 
  
 “Underwritten Offering” shall mean an offering in which Registrable Securities are sold to an Underwriter for
reoffering to the public. 
  
 2. Registration Under the
Securities Act. (a) To the extent not prohibited by any applicable law or applicable interpretations of the Staff, the Company and the Guarantors shall use their commercially reasonable efforts to (i) cause to be filed an Exchange
Offer Registration Statement covering an offer to the Holders to exchange all the Registrable Securities for like principal amount of Exchange Securities and (ii) have such Registration Statement remain effective until 90 days after the closing
of the Exchange Offer. The Company and the Guarantors shall commence the Exchange Offer promptly after the Exchange Offer Registration Statement is declared effective by the SEC and use their commercially reasonable efforts to complete the Exchange
Offer not later than 60 days after such effective date. 
  
 The
Company and the Guarantors shall commence the Exchange Offer by mailing the related Prospectus, appropriate letters of transmittal and other accompanying documents to each Holder stating, in addition to such other disclosures as are required by
applicable law, substantially the following: 
  
 (i) that the
Exchange Offer is being made pursuant to this Agreement and that all Registrable Securities validly tendered and not properly withdrawn will be accepted for exchange; 
  
 (ii) the dates of acceptance for exchange (which shall be a period of at least 20 Business Days from the date such notice is
mailed) (the “Exchange Dates”); 
  
 (iii) that any
Registrable Security not tendered will remain outstanding and continue to accrue interest but will not retain any rights under this Agreement; 
  
 (iv) that any Holder electing to have a Registrable Security exchanged pursuant to the Exchange Offer will be required to surrender such Registrable
Security, together with the appropriate letters of transmittal, to the institution and at the address (located in the Borough of Manhattan, The City of New York) and in the manner specified in the notice, prior to the close of business on the last
Exchange Date; and 
  
 (v) that any Holder will be entitled to
withdraw its election, not later than the close of business on the last Exchange Date, by sending to the institution and at the address (located in the Borough of Manhattan, The City of New York) specified in the notice, a telegram, telex, facsimile
transmission or letter setting forth the name of such Holder, the principal amount of Registrable Securities delivered for exchange and a statement that such Holder is withdrawing its election to have such Securities exchanged. 
  

 4 

 As a condition to participating in the Exchange Offer, a Holder will be required to represent to the
Company and the Guarantors that (i) any Exchange Securities to be received by it will be acquired in the ordinary course of its business, (ii) at the time of the commencement of the Exchange Offer it has no arrangement or understanding
with any Person to participate in the distribution (within the meaning of the Securities Act) of the Exchange Securities in violation of the provisions of the Securities Act, (iii) it is not an “affiliate” (within the meaning of Rule
405 under the Securities Act) of the Company or any Guarantor and (iv) if such Holder is a broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable Securities that were acquired as a result of
market-making or other trading activities, then such Holder will deliver a Prospectus in connection with any resale of such Exchange Securities. 
  
 As soon as practicable after the last Exchange Date, the Company and the Guarantors shall: 
  
 (i) accept for exchange Registrable Securities or portions thereof validly tendered and not properly
withdrawn pursuant to the Exchange Offer; and 
  
 (ii) deliver, or cause to be delivered, to the Trustee for cancellation all Registrable Securities or portions thereof so accepted for exchange by the Company and issue, and cause the Trustee to promptly authenticate and deliver to each
Holder, Exchange Securities equal in aggregate principal amount to the aggregate principal amount of the Registrable Securities surrendered by such Holder. 
  
 The Company and the Guarantors shall use their commercially reasonable efforts to complete the Exchange Offer as provided above and shall comply with the
applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in connection with the Exchange Offer. The Exchange Offer shall not be subject to any conditions, other than that the Exchange Offer does not
violate any applicable law or applicable interpretation of the Staff. 
  
 If, during the period the Exchange Offer Registration Statement is effective, an event occurs which makes any statement made in such Exchange Offer Registration Statement or the related Prospectus untrue in any material respect or which
requires the making of any changes in such Exchange Offer Registration Statement in order to make the statements therein not misleading or in such Prospectus in order to make the statements therein, in the light of the circumstances under which they
were made, not misleading, the Company and the Guarantors shall use their commercially reasonable efforts to prepare and file with the SEC a supplement or post-effective amendment to the Exchange Offer Registration Statement or the related
Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Securities, such Prospectus will not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. The Company agrees to notify the Holders to suspend the exchange of the Registrable
Securities as promptly as practicable after the occurrence of such an event, and the Holders hereby agree to suspend such exchange until the Company and the Guarantors have amended or supplemented the Prospectus to correct such misstatement or
omission. 
  
 (b) In the event that (i) the Company and the
Guarantors determine that the Exchange Offer Registration provided for in Section 2(a) above is not available or may not be completed as soon as practicable after the last Exchange Date because it would violate any applicable law or applicable
interpretation of the Staff, (ii) the Exchange Offer is not for any other reason completed on or prior to the 270th day after the Closing Date or (iii) any Initial Purchaser shall so request in connection with any offer or sale of
Registrable Securities, the Company and the Guarantors shall use their reasonable best efforts to cause to be filed as soon as practicable after such determination, date or request, as the case may be, a Shelf Registration 

  

 5 

 
Statement providing for the sale of all the Registrable Securities by the Holders thereof and to have such Shelf Registration Statement declared effective by
the SEC. 
  
 In the event that the Company and the Guarantors are
required to file a Shelf Registration Statement pursuant to clause (iii) of the preceding sentence, the Company and the Guarantors shall use their commercially reasonable efforts to file and have declared effective by the SEC both an Exchange
Offer Registration Statement pursuant to Section 2(a) with respect to all Registrable Securities and a Shelf Registration Statement (which may be a combined Registration Statement with the Exchange Offer Registration Statement) with respect to
offers and sales of Registrable Securities held by the Initial Purchasers after completion of the Exchange Offer. 
  
 The Company and the Guarantors agree to use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective until
the expiration of the period referred to in Rule 144(k) (or any similar rule then in force, but not Rule 144A) under the Securities Act with respect to the Registrable Securities or such shorter period that will terminate when all the Registrable
Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement or cease to be Registrable Securities within the meaning of this Agreement (the “Shelf Effectiveness Period”). The Company
and the Guarantors further agree to supplement or amend the Shelf Registration Statement and the related Prospectus if required by the rules, regulations or instructions applicable to the registration form used by the Company for such Shelf
Registration Statement or by the Securities Act or by any other rules and regulations thereunder for shelf registration or if reasonably requested by a Holder to correct information relating to such Holder (provided the Majority Holders do not
object to such amendment and resulting limitation of use of the Shelf Registration Statement), and to use their commercially reasonable efforts to cause any such amendment to become effective and such Shelf Registration Statement and Prospectus to
become usable as soon as thereafter practicable. The Company and the Guarantors agree to furnish to the Holders of Registrable Securities copies of any such supplement or amendment promptly after its being used or filed with the SEC. 
  
 (c) The Company and the Guarantors shall pay all Registration Expenses in
connection with any registration pursuant to Section 2(a) or Section 2(b) hereof. Each Holder shall pay all underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of
such Holder’s Registrable Securities pursuant to the Shelf Registration Statement. 
  
 (d) An Exchange Offer Registration Statement pursuant to Section 2(a) hereof or a Shelf Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become effective unless it has been
declared effective by the SEC. 
  
 The Company, each Guarantor and
the Initial Purchasers agree that the Holders will suffer damages if the Company or the Guarantors fail to fulfill their respective obligations under Section 2(a) or Section 2(b) hereof and that it would not be feasible to ascertain the
extent of such damages with precision. Accordingly, the Company and each Guarantor agree that in the event that: 
  
 (i) either the Exchange Offer is not completed or the Shelf Registration Statement, if required hereby, is not declared effective on or
prior to the 270th day after the Closing Date (a “Registration Default”); or 
  
 (ii) the Shelf Registration Statement, if required hereby, has been declared effective and thereafter either ceases to be effective or the
Prospectus contained therein ceases to be usable at any time during the Shelf Effectiveness Period, and such failure to remain effective or usable continues for 30 consecutive days or exists for more than an aggregate of 60 days in any 12-month
period (a “Shelf Registration Default”); 

  

 6 

 
then the Company and the Guarantors hereby agree to pay each Holder of Registrable Securities affected thereby, liquidated damages (“Liquidated
Damages”). Liquidated Damages will accrue on the affected Registrable Securities and the affected Exchange Securities, as applicable. The rate of Liquidated Damages will be 0.25% per annum of the principal amount of Registrable Securities
held by such Holder for the first 90-day period immediately following the occurrence of a Registration Default or Shelf Registration Default, as applicable, increasing by 0.25% per annum with respect to each subsequent 90-day period, up to a
maximum of 1.00% per annum, in each case until (x) with respect to a Registration Default, the Exchange Offer is completed or the Shelf Registration Statement, if required hereby, is declared effective by the SEC or the Securities become
freely tradeable under the Securities Act (which shall include, without limitation, an effective Shelf Registration Statement relating to the Securities) or (y) with respect to a Shelf Registration Default, the Shelf Registration Statement has
again been declared effective or the Prospectus again becomes usable. 
  
 Notwithstanding the foregoing, (1) the amount of Liquidated Damages payable shall not increase because more than one Registration Default has occurred and is pending and (2) a Holder of Registrable Securities or Exchange
Securities who is not entitled to the benefits of the Shelf Registration Statement (i.e., such Holder has not elected to furnish information to the Company in accordance with Section 3(b) hereof) shall not be entitled to Liquidated Damages with
respect to a Shelf Registration Default. 
  
 Anything herein to
the contrary notwithstanding, no Holder who (x) was eligible to exchange such Holder’s outstanding Securities at the time that the Exchange Offer was pending and consummated and (y) failed to validly tender such Securities for
exchange pursuant to the Exchange Offer shall be entitled to receive any Liquidated Damages that would otherwise accrue subsequent to the date the Exchange Offer is consummated pursuant to this Section 2(d). 
  
 (e) The Company shall notify the Trustee within one Business Day after each
date on which an event occurs in respect of which Liquidated Damages are required to be paid. Any amounts of Liquidated Damages due pursuant to this Section 2 will be payable in addition to any other interest payable from time to time with
respect to the Registrable Securities in cash semi-annually on the interest payment dates specified in the Indenture (to the holders of record as specified in the Indenture), commencing with the first such interest payment date occurring after any
such Liquidated Damages commence to accrue. The amount of Liquidated Damages will be determined in a manner consistent with the calculation of interest under the Indenture. 
  
 (f) Without limiting the remedies available to the Initial Purchasers and the Holders, the Company and the Guarantors
acknowledge that any failure by the Company or the Guarantors to comply with their obligations under Section 2(a) and Section 2(b) hereof may result in material irreparable injury to the Initial Purchasers or the Holders for which there is
no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of any such failure, the Initial Purchasers or any Holder may obtain such relief as may be required to specifically enforce
the Company’s and the Guarantors’ obligations under Section 2(a) and Section 2(b) hereof. 
  
 3. Registration Procedures. (a) In connection with their obligations pursuant to Section 2(a) and Section 2(b) hereof, the Company
and the Guarantors shall: 
  
 (i) prepare and file
with the SEC a Registration Statement on the appropriate form under the Securities Act, which form (x) shall be selected by the Company and the Guarantors, (y) shall, in the case of a Shelf Registration, be available for the sale of the
Registrable Securities by the Holders thereof and (z) shall comply as to form in all material respects with the requirements of the applicable form and include all financial statements required by the SEC to be filed therewith; and use their
commercially reasonable efforts to cause such Registration Statement to 

  

 7 

 
become effective and remain effective for the applicable period in accordance with Section 2 hereof; 
  
 (ii) prepare and file with the SEC such amendments and
post-effective amendments to each Registration Statement as may be necessary to keep such Registration Statement effective for the applicable period in accordance with Section 2 hereof and cause each Prospectus to be supplemented by any
required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act; and keep each Prospectus current during the period described in Section 4(3) of and Rule 174 under the Securities Act that is
applicable to transactions by brokers or dealers with respect to the Registrable Securities or Exchange Securities; 
  
 (iii) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities, to counsel for the Initial Purchasers, to
counsel for such Holders (if any had been identified by notice to the Company) and to each Underwriter of an Underwritten Offering of Registrable Securities, if any, without charge, as many copies of each Prospectus, including each preliminary
Prospectus, and any amendment or supplement thereto, as such Holder or Underwriter may reasonably request, in order to facilitate the sale or other disposition of the Registrable Securities thereunder; and, subject to Section 3(a)(ix), the
Company and the Guarantors consent to the use of such Prospectus and any amendment or supplement thereto in accordance with applicable law by each of the selling Holders of Registrable Securities and any such Underwriters in connection with the
offering and sale of the Registrable Securities covered by and in the manner described in such Prospectus or any amendment or supplement thereto in accordance with applicable law; 
  
 (iv) use their reasonable best efforts to register or qualify the Registrable Securities under all
applicable state securities or blue sky laws of such jurisdictions as any Holder of Registrable Securities covered by a Registration Statement shall reasonably request in writing by the time the applicable Registration Statement is declared
effective by the SEC; cooperate with such Holders in connection with any filings required to be made with the National Association of Securities Dealers, Inc.; and do any and all other acts and things that may be reasonably necessary or advisable to
enable each Holder to complete the disposition in each such jurisdiction of the Registrable Securities owned by such Holder; provided that neither the Company nor any Guarantor shall be required to (1) qualify as a foreign corporation or
other entity or as a dealer in securities in any such jurisdiction where it would not otherwise be required to so qualify, (2) file any general consent to service of process in any such jurisdiction or (3) subject itself to taxation in any
such jurisdiction if it is not so subject; 
  
 (v)
in the case of a Shelf Registration, notify each Holder of Registrable Securities, counsel for such Holders and counsel for the Initial Purchasers promptly and, if requested by any such Holder or counsel, confirm such advice in writing (1) when
a Registration Statement has become effective and when any post-effective amendment thereto has been filed and becomes effective, (2) of any request by the SEC or any state securities authority for amendments and supplements to a Registration
Statement and Prospectus or for additional information after the Registration Statement has become effective, (3) of the issuance by the SEC or any state securities authority of any stop order suspending the effectiveness of a Registration
Statement or the initiation of any proceedings for that purpose, (4) if, between the effective date of a Registration Statement and the closing of any sale of Registrable Securities covered thereby, the representations and warranties of the
Company or any Guarantor contained in any underwriting agreement, securities sales agreement or other similar agreement, if any, relating to an offering of such Registrable Securities cease to be true and correct in all material respects or if the
Company or any Guarantor receives any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose, (5) of the 

  

 8 

 
happening of any event during the period a Shelf Registration Statement is effective that makes any statement made in such Registration Statement or the
related Prospectus untrue in any material respect or that requires the making of any changes in such Registration Statement in order to make the statements therein not misleading or in such Prospectus in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading and (6) of any determination by the Company or any Guarantor that a post-effective amendment to a Registration Statement would be appropriate; 
  
 (vi) use their reasonable best efforts to obtain the
withdrawal of any order suspending the effectiveness of a Registration Statement at the earliest possible moment and provide immediate notice to each Holder of the withdrawal of any such order; 
  
 (vii) in the case of a Shelf Registration, furnish to each
Holder of Registrable Securities, without charge, at least one conformed copy of each Registration Statement and any post-effective amendment thereto (without any documents incorporated therein by reference or exhibits thereto, unless requested);

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

  
 (ix) in the case of a Shelf Registration, upon
the occurrence of any event contemplated by Section 3(a)(v)(5) hereof, use their commercially reasonable efforts to prepare and file with the SEC a supplement or post-effective amendment to such Shelf Registration Statement or the related
Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to purchasers of the Registrable Securities, such Prospectus will not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and the Company and the Guarantors shall notify the Holders of Registrable Securities to suspend
use of the Prospectus as promptly as practicable after the occurrence of such an event, and such Holders hereby agree to suspend use of the Prospectus until the Company and the Guarantors have amended or supplemented the Prospectus to correct such
misstatement or omission or until the Company notifies the Holders that the sale of the Registrable Securities may be resumed; 
  
 (x) a reasonable time prior to the filing of any Registration Statement, any Prospectus, any amendment to a Registration Statement or
amendment or supplement to a Prospectus or of any document that is to be incorporated by reference into a Registration Statement or a Prospectus after initial filing of a Registration Statement, provide copies of such document to the Initial
Purchasers and their counsel (and, in the case of a Shelf Registration Statement, to the Holders of Registrable Securities and their counsel) and make such of the representatives of the Company and the Guarantors as shall be reasonably requested by
the Initial Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities or their counsel) available for discussion of such document; and the Company and the Guarantors shall not, at any time
after initial filing of a Registration Statement, file any Prospectus, any amendment of or supplement to a Registration Statement or a Prospectus, or any document that is to be incorporated by reference into a Registration Statement or a Prospectus,
of which the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, the Holders of 

  

 9 

 
Registrable Securities and their counsel) shall not have previously been advised and furnished a copy or to which the Initial Purchasers or their counsel
(and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities or their counsel) shall object within a reasonable time period; 
  
 (xi) obtain a CUSIP number for all Exchange Securities or Registrable Securities, as the case may be, not later than the effective date of
a Registration Statement; 
  
 (xii) cause the
Indenture to be qualified under the Trust Indenture Act in connection with the registration of the Exchange Securities or Registrable Securities, as the case may be; cooperate with the Trustee and the Holders to effect such changes to the Indenture
as may be required for the Indenture to be so qualified in accordance with the terms of the Trust Indenture Act; and execute, and use their reasonable best efforts to cause the Trustee to execute, all documents as may be required to effect such
changes and all other forms and documents required to be filed with the SEC to enable the Indenture to be so qualified in a timely manner; 
  
 (xiii) in the case of a Shelf Registration (including an Underwritten Offering thereunder), make available for inspection by a
representative of the Holders of the Registrable Securities (an “Inspector”), any Underwriter participating in any disposition pursuant to such Shelf Registration Statement, any attorneys and accountants designated by the Holders of
Registrable Securities and any attorneys and accountants designated by such Underwriter, at reasonable times and in a reasonable manner, all pertinent financial and other records, documents and properties of the Company and the Guarantors, and cause
the respective officers, directors and employees of the Company and the Guarantors to supply all information reasonably requested by any such Inspector, Underwriter, attorney or accountant in connection with a Shelf Registration Statement, in each
case that would customarily be reviewed or examined in connection with “due diligence” review of the Company and the Guarantors; provided that the foregoing inspection and information gathering (1) shall be coordinated on
behalf of the selling Holders, Underwriters and representatives thereof by one counsel, who shall be such counsel as may be chosen by the Majority Holders or by the Underwriters, as the case may be, and (2) if any such information is identified
by the Company or any Guarantor as being confidential or proprietary, shall not be available for any such Holder or Underwriter who does not agree in writing pursuant to a customary non-disclosure agreement to hold such information in confidence;

  
 (xiv) in the case of a Shelf Registration, use
their reasonable best efforts to cause all Registrable Securities to be listed on any securities exchange or any automated quotation system on which similar securities issued or guaranteed by the Company or any Guarantor are then listed if requested
by the Majority Holders, to the extent such Registrable Securities satisfy applicable listing requirements; 
  
 (xv) if reasonably requested by any Holder of Registrable Securities covered by a Shelf Registration Statement, promptly include in a
Prospectus supplement or post-effective amendment such information with respect to such Holder as such Holder reasonably requests to be included therein and make all required filings of such Prospectus supplement or such post-effective amendment as
soon as the Company has received notification of the matters to be so included in such filing; and 
  
 (xvi) in the case of a Shelf Registration, enter into such customary agreements and take all such other reasonable actions in connection
therewith (including those requested by the Holders of a majority in principal amount of the Registrable Securities being sold) in order to expedite or facilitate the disposition of such Registrable Securities including, but not limited to, an

Underwritten 

  

 10 

 
Offering and in such connection, (1) to the extent possible, make such representations and warranties to the Holders and any Underwriters of such
Registrable Securities with respect to the business of the Company and its subsidiaries and the Registration Statement, Prospectus and documents incorporated by reference or deemed incorporated by reference, if any, in each case, in form, substance
and scope as are customarily made by issuers to underwriters in underwritten offerings and confirm the same if and when requested, (2) obtain opinions of counsel to the Company and the Guarantors (which counsel and opinions, in form, scope and
substance, shall be reasonably satisfactory to the Holders and such Underwriters and their respective counsel) addressed to each selling Holder and Underwriter of Registrable Securities, covering the matters customarily covered in opinions requested
in underwritten offerings of the type contemplated by this provision, (3) obtain “comfort” letters from the independent certified public accountants of the Company and the Guarantors (and, if necessary, any other certified public
accountant of any subsidiary of the Company or any Guarantor, or of any business acquired by the Company or any Guarantor for which financial statements and financial data are or are required to be included in the Registration Statement) addressed
to each selling Holder and Underwriter of Registrable Securities (subject, in each case, to the policies and procedures of the independent certified public accountants of the Company and the Guarantors and such other independent certified public
accountants regarding the preparation and delivery of such letters), such letters to be in customary form and covering matters of the type customarily covered in “comfort” letters in connection with underwritten offerings of the type
contemplated by this provision and (4) deliver such documents and certificates as may be reasonably requested by the Holders of a majority in principal amount of the Registrable Securities being sold or the Underwriters, and which are
customarily delivered in underwritten offerings of the type contemplated by this provision, to evidence the continued validity of the representations and warranties of the Company and the Guarantors made pursuant to clause (1) above and to
evidence compliance with any customary conditions contained in an underwriting agreement. 
  
 (b) In the case of a Shelf Registration Statement, the Company and the Guarantors may require each Holder of Registrable Securities to furnish to the Company such information regarding such Holder and the proposed
disposition by such Holder of such Registrable Securities as the Company and the Guarantors may from time to time reasonably request in writing. So long as any Holder fails to furnish such information in a reasonably timely manner after receiving
the request, the Company and the Guarantors shall (i) have no obligation under this Agreement to provide for the disposition of such Holder’s Registrable Securities in the Shelf Registration Statement in respect to which such information
was requested, (ii) not be required to provide for the disposition of such Holder’s Registrable Securities in any post-effective amendment to such Shelf Registration Statement or any future Shelf Registration Statement that is not
otherwise required to be filed and (iii) not be required to pay any liquidated damages to such Holder as provided in Section 2(d) hereof. Each Holder including Registrable Securities in a Shelf Registration Statement shall agree to furnish
promptly to the Company all information regarding such Holder and the proposed distribution by such Holder of such Registrable Securities required to make the information previously furnished to the Company by such Holder not materially misleading.

  
 (c) In the case of a Shelf Registration Statement, each Holder
of Registrable Securities agrees that, upon receipt of any notice from the Company or any Guarantor of the happening of any event of the kind described in Section 3(a)(v)(3) or 3(a)(v)(5) hereof, such Holder will forthwith discontinue
disposition of Registrable Securities pursuant to the Shelf Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 3(a)(ix) hereof and, if so directed by the
Company or any Guarantor, such Holder will deliver to the Company and the Guarantors all copies in its possession, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such Registrable Securities that is
current at the time of receipt of such notice. 
  

 11 

 (d) If the Company or any Guarantor shall give any notice pursuant to Section 3(c) hereof to suspend
the disposition of Registrable Securities pursuant to a Shelf Registration Statement, the Company and the Guarantors shall extend the period during which such Shelf Registration Statement shall be maintained effective pursuant to this Agreement by
the number of days during the period from and including the date of the giving of such notice to and including the date when the Holders of such Registrable Securities shall have received copies of the supplemented or amended Prospectus necessary to
resume such dispositions. The Company and the Guarantors may give any such notice only twice during any 365-day period and any such suspensions shall not exceed 60 days in the aggregate and there shall not be more than two suspensions in effect
during any 365-day period. 
  
 (e) The Holders of Registrable
Securities covered by a Shelf Registration Statement who desire to do so may sell such Registrable Securities in an Underwritten Offering. In any such Underwritten Offering, the investment bank or investment banks and manager or managers (each an
“Underwriter”) that will administer the offering will be selected by the Holders of a majority in principal amount of the Registrable Securities included in such offering. 
  
 4. Participation of Broker-Dealers in Exchange Offer. (a) The Staff has taken the position that any
broker-dealer that receives Exchange Securities for its own account in the Exchange Offer in exchange for Securities that were acquired by such broker-dealer as a result of market-making or other trading activities (a “Participating
Broker-Dealer”) may be deemed to be an “underwriter” within the meaning of the Securities Act and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Securities.

  
 The Company and the Guarantors understand that it is the
Staff’s position that if the Prospectus contained in the Exchange Offer Registration Statement includes a plan of distribution containing a statement to the above effect and the means by which Participating Broker-Dealers may resell the
Exchange Securities, without naming the Participating Broker-Dealers or specifying the amount of Exchange Securities owned by them, such Prospectus may be delivered by Participating Broker-Dealers to satisfy their prospectus delivery obligation
under the Securities Act in connection with resales of Exchange Securities for their own accounts, so long as the Prospectus otherwise meets the requirements of the Securities Act. 
  
 (b) In light of the above, and notwithstanding the other provisions of this Agreement, the Company and the Guarantors agree
to amend or supplement the Prospectus contained in the Exchange Offer Registration Statement for a period of up to 90 days after the last Exchange Date (as such period may be extended pursuant to Section 3(d) of this Agreement), if requested by
the Initial Purchasers or by one or more Participating Broker-Dealers, in order to expedite or facilitate the disposition of any Exchange Securities by Participating Broker-Dealers consistent with the positions of the Staff recited in
Section 4(a) above. The Company and the Guarantors further agree that Participating Broker-Dealers shall be authorized to deliver such Prospectus during such period in connection with the resales contemplated by this Section 4. 

 
 (c) The Initial Purchasers shall have no liability to the Company, any
Guarantor or any Holder with respect to any request that they may make pursuant to Section 4(b) above. 
  
 5. Indemnification and Contribution. (a) The Company and each Guarantor, jointly and severally, agree to indemnify and hold harmless each
Initial Purchaser and each Holder, their respective affiliates, directors and officers and each Person, if any, who controls any Initial Purchaser or any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act, from and against any and all losses, claims, damages and liabilities (including, without limitation, reasonable legal fees and other expenses incurred in connection with any suit, action or proceeding or any claim asserted, 

  

 12 

 
as such fees and expenses are incurred), that arise out of, or are based upon, (i) any untrue statement or alleged untrue statement of a material fact
contained in any Registration Statement or any omission or alleged omission to state therein a material fact required to be stated therein or necessary in order to make the statements therein not misleading or (ii) any untrue statement or
alleged untrue statement of a material fact contained in any Prospectus or any omission or alleged omission to state therein a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading, except insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon
and in conformity with any information relating to any Initial Purchaser, or information relating to any Holder furnished to the Company in writing through JPMorgan or any selling Holder expressly for use therein. In connection with any Underwritten
Offering permitted by Section 3, the Company and the Guarantors will also enter into an underwriting agreement pursuant to which the Company and the Guarantors will agree to jointly and severally indemnify the Underwriters, if any, selling
brokers, dealers and similar securities industry professionals participating in such Underwritten Offering, their respective affiliates and each Person who controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the
same extent as provided above with respect to the indemnification of the Holders, if requested in connection with any Registration Statement for such Underwritten Offering. 
  
 (b) Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Company, the Guarantors, the Initial
Purchasers and the other selling Holders, the directors of the Company and the Guarantors, each officer of the Company and the Guarantors who signed the Registration Statement and each Person, if any, who controls the Company, the Guarantors, any
Initial Purchaser and any other selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above, but only with respect to any
losses, claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to such Holder furnished to
the Company in writing by such Holder expressly for use in any Registration Statement and any Prospectus. 
  
 (c) If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted against any
Person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such Person (the “Indemnified Person”) shall promptly notify the Person against whom such indemnification may be sought (the
“Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have under this Section 5 except to the extent that it has been materially
prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have to an Indemnified
Person otherwise than under this Section 5. If any such proceeding shall be brought or asserted against an Indemnified Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably
satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to indemnification pursuant to this Section 5 that the Indemnifying Person may designate in such proceeding and shall pay the reasonable fees and
expenses of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified
Person unless (i) the Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified
Person; (iii) the Indemnified Person shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any
such proceeding (including any impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation of both parties by the 

  

 13 

 
same counsel would be inappropriate due to actual or potential differing interests between them. It is understood and agreed that the Indemnifying Person
shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any reasonably necessary local counsel) for all Indemnified Persons, and
that all such reasonable fees and expenses shall be reimbursed as they are incurred. Any such separate firm (x) for any Initial Purchaser, its affiliates, directors and officers and any control Persons of such Initial Purchaser shall be
designated in writing by JPMorgan, (y) for any Holder, its directors and officers and any control Persons of such Holder shall be designated in writing by the Majority Holders and (z) in all other cases shall be designated in writing by
the Company. The Indemnifying Person shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to
indemnify each Indemnified Person from and against any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Person shall have requested that an Indemnifying Person
reimburse the Indemnified Person for fees and expenses of counsel as contemplated by this paragraph, the Indemnifying Person shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is
entered into more than 45 days after receipt by the Indemnifying Person of such request and (ii) the Indemnifying Person shall not have reimbursed the Indemnified Person in accordance with such request prior to the date of such settlement. No
Indemnifying Person shall, without the written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or could have been a party and indemnification could have
been sought hereunder by such Indemnified Person, unless such settlement (A) includes an unconditional release of such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims
that are the subject matter of such proceeding and (B) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person. 
  
 (d) If the indemnification provided for in paragraphs (a) and
(b) above is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying such Indemnified Person
thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits received by the Company
and the Guarantors from the offering of the Securities and the Exchange Securities, on the one hand, and by the Holders from receiving Securities or Exchange Securities registered under the Securities Act, on the other hand, or (ii) if the
allocation provided by clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Company and the Guarantors on
the one hand and the Holders on the other in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Company and the
Guarantors on the one hand and the Holders on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates
to information supplied by the Company and the Guarantors or by the Holders and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 
  
 (e) The Company, the Guarantors and the Holders agree that it would not be
just and equitable if contribution pursuant to this Section 5 were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation that does not take account of the
equitable considerations referred to in paragraph (d) above. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in paragraph (d) above shall be deemed to include,
subject to the limitations set forth above, any legal or other expenses reasonably incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding 

  

 14 

 
the provisions of this Section 5, in no event shall a Holder be required to contribute any amount in excess of the amount by which the total price at
which the Securities or Exchange Securities sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 
  
 (f) The remedies provided for in this Section 5 are not exclusive and
shall not limit any rights or remedies that may otherwise be available to any Indemnified Person at law or in equity. 
  
 (g) The indemnity and contribution provisions contained in this Section 5 shall remain operative and in full force and effect regardless of
(i) any termination of this Agreement, (ii) any investigation made by or on behalf of the Initial Purchasers or any Holder or any Person controlling any Initial Purchaser or any Holder, or by or on behalf of the Company or the Guarantors
or the officers or directors of or any Person controlling the Company or the Guarantors, (iii) acceptance of any of the Exchange Securities and (iv) any sale of Registrable Securities pursuant to a Shelf Registration Statement. 

 
 6. General. 
  
 (a) No Inconsistent Agreements. The Company and the Guarantors
represent, warrant and agree that (i) the rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of any other outstanding securities issued or guaranteed by the
Company or any Guarantor under any other agreement and (ii) neither the Company nor any Guarantor has entered into, or on or after the date of this Agreement will enter into, any agreement that is inconsistent with the rights granted to the
Holders of Registrable Securities in this Agreement or otherwise conflicts with the provisions hereof. 
  
 (b) Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Company and the Guarantors have obtained the written consent of Holders of at least a majority in aggregate principal amount of the
outstanding Registrable Securities affected by such amendment, modification, supplement, waiver or consent; provided that no amendment, modification, supplement, waiver or consent to any departure from the provisions of Section 5 hereof
shall be effective as against any Holder of Registrable Securities unless consented to in writing by such Holder. Any amendments, modifications, supplements, waivers or consents pursuant to this Section 6(b) shall be by a writing executed by
each of the parties hereto. 
  
 (c) Notices. All notices
and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, registered first-class mail, telex, telecopier, or any courier guaranteeing overnight delivery (i) if to a Holder, at the most current
address given by such Holder to the Company by means of a notice given in accordance with the provisions of this Section 6(c), which address initially is, with respect to the Initial Purchasers, the address set forth in the Purchase Agreement;
(ii) if to the Company or any Guarantor, initially at the Company’s address set forth in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c); and
to such other persons at their respective addresses as provided in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c). All such notices and communications
shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt is acknowledged, if
telecopied; and on the next Business Day if timely delivered to an air courier guaranteeing overnight delivery. 

  

 15 

 
Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee, at the address
specified in the Indenture. 
  
 (d) Successors and Assigns.
This Agreement shall inure to the benefit of and be binding upon the successors, assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided
that nothing herein shall be deemed to permit any assignment, transfer or other disposition of Registrable Securities in violation of the terms of the Indenture and the Purchase Agreement. If any transferee of any Holder shall acquire Registrable
Securities in any manner, whether by operation of law or otherwise, such Registrable Securities shall be held subject to all the terms of this Agreement, and by taking and holding such Registrable Securities such Person shall be conclusively deemed
to have agreed to be bound by and to perform all of the terms and provisions of this Agreement and such Person shall be entitled to receive the benefits hereof. The Initial Purchasers (in their capacity as Initial Purchasers) shall have no liability
or obligation to the Company or the Guarantors with respect to any failure by a Holder to comply with, or any breach by any Holder of, any of the obligations of such Holder under this Agreement. 
  
 (e) Third Party Beneficiaries. Each Holder shall be a third party
beneficiary to the agreements made hereunder between the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such enforcement
necessary or advisable to protect its rights or the rights of other Holders hereunder. 
  
 (f) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement. 
  
 (g) Headings. The headings in this Agreement are for convenience of reference only, are not a part of this Agreement and shall not limit or otherwise affect the meaning hereof. 
  
 (h) Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of New York. 
  
 (i)
Miscellaneous. This Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes all oral statements and prior writings with respect thereto. If any term, provision, covenant or restriction
contained in this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable or against public policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall remain in full force
and effect and shall in no way be affected, impaired or invalidated. The Company, the Guarantors and the Initial Purchasers shall endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, void or unenforceable provisions. 
  

 16 

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

  

			
	CHAPARRAL ENERGY, INC.
		
	By:	 	 /s/ Mark A. Fischer

	 	 	 Name: Mark A. Fischer
 Title: President and Chief Executive Officer

  

			
	 GUARANTORS:

  

			
	CHAPARRAL ENERGY, L.L.C.
		
	By:	 	/s/ Mark A. Fischer
	 	 	 Name: Mark A. Fischer
 Title: Manager

  

			
	 NORAM PETROLEUM, L.L.C.

		
	By:	 	 /s/ Mark A. Fischer

	 	 	 Name: Mark A. Fischer
 Title: Manager

  

			
	 CHAPARRAL RESOURCES, L.L.C.

		
	By:	 	/s/ Mark A. Fischer
	 	 	 Name: Mark A. Fischer
 Title: Manager

  

			
	 TRIUMPH TOOLS & SUPPLY, L.L.C.

		
	By:	 	 /s/ Charles A. Fischer, Jr.

	 	 	 Name: Charles A. Fischer, Jr.
 Title: Manager

  
  
  
  

 17 

			
	CHAPARRAL CO2, L.L.C.
		
	By:	 	 /s/ Mark A. Fischer

	 	 	 Name: Mark A. Fischer
 Title: Manager

  

			
	 CHAPARRAL OIL, L.L.C.

		
	By:	 	 /s/ Mark A. Fischer

	 	 	 Name: Mark A. Fischer
 Title: Manager

  
  

			
	 CHAPARRAL REAL ESTATE, L.L.C.

		
	By:	 	 /s/ Charles A. Fischer, Jr.

	 	 	 Name: Charles A. Fischer, Jr.
 Title: Manager

  
  

			
	 CHAPARRAL TEXAS, L.P.

		
	By:	 	 Chaparral Oil, L.L.C., its general partner

		
	By:	 	 /s/ Mark A. Fischer

	 	 	 Name: Mark A. Fischer
 Title: Manager

  

			
	 CEI ACQUISITION, L.L.C.

		
	By:	 	 /s/ Mark A. Fischer

	 	 	 Name: Mark A. Fischer
 Title: Manager

  
  
  
  
  
  

 18 

			
	 CEI BRISTOL ACQUISITION, L.P.
  
  

	BY:	 	 Chaparral Oil, L.L.C., its general partner
  
  

		
	By:	 	/s/ Mark A. Fischer
	 	 	 Name: Mark A. Fischer

	 	 	 Title: Manager

  

 19 

 Confirmed and accepted as of the date first above written: 
  

			
	 J.P. MORGAN SECURITIES INC.
  
 For itself and on behalf of the several Initial Purchasers
  

		
	By:	 	 /s/ Adam Bernard

	 	 	Authorized Signatory

  

 20 

 Schedule I Guarantors 
  

			
	 Name of Subsidiary

	  	 Jurisdiction of Incorporation or Organization

	 Chaparral Energy, L.L.C.
	  	Oklahoma
	 NorAm Petroleum, L.L.C.
	  	Oklahoma
	 Chaparral Resources, L.L.C.
	  	Oklahoma
	 Triumph Tools & Supply, L.L.C.
	  	Oklahoma
	 Chaparral CO2., L.L.C.
	  	Oklahoma
	 Chaparral Oil, L.L.C.
	  	Oklahoma
	 Chaparral Real Estate, L.L.C.
	  	Oklahoma
	 Chaparral Texas, L.P.
	  	Oklahoma
	 CEI Acquisition, L.L.C.
	  	Delaware
	 CEI Bristol Acquisition, L.P.
	  	Texas

  

 21 

 Schedule A 
  

J.P. Morgan Securities Inc. 
 Banc of America Securities LLC 
 Lehman Brothers Inc. 
 Comerica Securities, Inc. 
 Fortis Securities LLC 
 Greenwich Capital Markets, Inc. 
  

 22

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