Document:

Exhibit
4.2

 

EXECUTION COPY

 

1,710,000 SHARES

 

AVENTINE RENEWABLE ENERGY HOLDINGS, INC.

 

COMMON STOCK, PAR VALUE $0.001

 

REGISTRATION RIGHTS AGREEMENT

 

March 15, 2010

 

Ladies and Gentlemen:

 

Aventine Renewable Energy
Holdings, Inc., a Delaware corporation (the “Company”),
is issuing and selling to certain affiliates of the parties listed on Annex
I (each a “Backstop Purchaser” and
collectively, the “Backstop Purchasers”) and the
other Holders (as defined below) listed on Annex II together with such
affiliates, in connection with that certain First Amended Joint Plan of
Reorganization of the Company dated January 13, 2010 (as amended or
modified from time to time, the “Plan”), as
confirmed by the confirmation order entered by the United States Bankruptcy
Court for the District of Delaware on February 24,
2010 (the “Confirmation Order”), in the
reorganization proceeding styled In re
Aventine Renewable Energy Holdings, Inc., et al., Case No. 09-11214 (KG), 1,710,000 shares of the Company’s
common stock, par value $0.001 (the “Common Stock”).  As an inducement to the Backstop Purchasers
to support the Plan, the Company agrees with the Majority Backstop Purchasers
(as defined below), for the benefit of the Holders of the Shares (as defined
below) (including, without limitation, affiliates of the Backstop Purchasers),
as follows:

 

1.            Definitions

 

Capitalized terms not
defined herein shall have the meanings ascribed to such terms in the Notes
Registration Rights Agreement (as defined below).  As used in this Agreement, the following
terms shall have the following meanings:

 

144A/Regulation S Shares: The shares of Common Stock sold by the
Company on the Plan Effective Date to “qualified institutional buyers” (as such
term is defined in Rule 144A) eligible for resale pursuant to Rule 144A
or to “non-U.S. persons” (in accordance with Regulation S) in an “offshore
transaction” (in accordance with Regulation S).

 

Additional Interest: See Section 3.

 

Advice: See Section 5.

 

affiliate:  See Rule 405
and including, with respect to the Backstop Purchasers, managed funds and
accounts and those Holders identified on Annex II.

 

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Agreement: This Registration Rights Agreement, dated
as of the Plan Effective Date, among the Company and the Majority Backstop
Purchasers.

 

Backstop Purchasers: See the introductory
paragraph to this Agreement.

 

Blackout Period: See Section 2(d).

 

Business Day: A day that is not a Saturday, a Sunday or a
day on which banking institutions in the City of New York are authorized or
required by law or executive order to be closed.

 

Common Stock: See the introductory paragraph to this
Agreement, and any class or classes of stock resulting from any
reclassification or reclassifications thereof and which have no preference in
respect of dividends or of amounts payable in the event of any liquidation,
dissolution or winding up of the Company.

 

Company: See the introductory paragraph to this Agreement,
and includes any successor thereto.

 

Confirmation Order: See the introductory
paragraph to this Agreement.

 

Effective Date:  The 365th day after the
Plan Effective Date.

 

Eligible Stockholder: See Section 2(b).

 

Eligible Share: a share of Common Stock
distributed to an Eligible Stockholder on or after the Plan Effective Date,
pursuant to Article IV(G) of the Plan, in satisfaction of a General
Unsecured Claim or Claims (as defined in the Plan) held by such Eligible
Stockholder.

 

Exchange Act: The Securities Exchange Act of 1934, as
amended, and the rules and regulations of the SEC promulgated thereunder.

 

Filing Date:  The 180th day after the Plan Effective Date.

 

FINRA: Financial Industry Regulatory Authority.

 

Free Writing Prospectus: A free writing prospectus,
as defined in Rule 405.

 

Holder: Each record owner of any Registrable Shares from
time to time.

 

Indemnified Party: See Section 6(c).

 

Indemnifying Party: See Section 6(c).

 

Inspectors: See Section 5(l).

 

Issuer Free Writing Prospectus: An issuer free writing
prospectus, as defined in Rule 433.

 

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Losses: See Section 6(a).

 

Majority Backstop Purchasers: The Backstop Purchasers
having at least a majority of the aggregate Commitment Percentages (as that
term is defined in the Plan).

 

Mandatory Shelf Registration Statement: See Section 2.

 

Maximum Contribution Amount: See Section 6(d).

 

Notes Registration Rights Agreement: That certain Registration
Rights Agreement, dated as of the Plan Effective Date, among the Company, the
Guarantors party thereto, and the Majority Backstop Purchasers relating to the
Company’s senior secured notes.

 

Notice and Questionnaire: See Section 2(a)(iii).

 

Permitted Free Writing Prospectus: See the last paragraph of Section 5.

 

Person: An individual, trustee, corporation, partnership,
limited liability company, joint stock company, trust, unincorporated
association, union, business association, firm, government or agency or
political subdivision thereof, or other legal entity.

 

Plan:
See the introductory paragraph to this Agreement.

 

Plan Effective Date: March 15, 2010

 

Private Placement Shares: The Shares of Common Stock
sold by the Company to “accredited investors” (within the meaning of Rule 501(a))
on the Plan Effective Date.

 

Prospectus: The prospectus included in any Registration
Statement (including, without limitation, a prospectus that discloses
information previously omitted from a prospectus filed as part of an effective
registration statement in reliance upon Rule 430A), as amended or
supplemented by any prospectus supplement, with respect to the terms of the
offering of any portion of the Registrable Shares covered by such Registration
Statement, and all other amendments and supplements to the prospectus,
including post-effective amendments, and all material incorporated by reference
or deemed to be incorporated by reference in such prospectus.

 

Records: See Section 5(l).

 

Registrable Shares: (i) The Shares and
any other shares of Common Stock held beneficially or of record by the Backstop
Purchasers, their respective affiliates and their and their affiliates’ managed
funds and accounts (including those affiliated Holders identified on Annex
II), upon original issuance thereof, and at all times subsequent thereto,
including upon the transfer thereof by the original holder or any subsequent holder
and (ii) any shares or other securities issued in respect of such
Registrable Shares because of or in connection with any stock dividend, stock
distribution, stock split, purchase in any rights offering or in connection
with any exchange for or replacement of such Registrable Shares or any
combination of shares, recapitalization, merger or consolidation, or any other
equity securities issued pursuant to any other pro rata distribution with
respect to the Common Stock; provided, that the Shares and such 

 

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other
shares of Common Stock shall cease to be Registrable Shares when such
Registrable Share (i) may be sold without restriction under federal or
state securities laws, (ii) may be sold pursuant to Rule 144 (free of
volume and all other restrictions thereunder), (iii) has been sold
pursuant to a Registration Statement or (iv) ceases to be outstanding.

 

Registration Expenses: Any and all expenses
incident to the performance of or compliance with this Agreement, including: (i) all
SEC, securities exchange, FINRA registration, listing, inclusion and filing
fees (including those of any Backstop Purchaser and Holders associated or
affiliated with any Backstop Purchaser), (ii) all fees and expenses
incurred in connection with compliance with international, federal or state
securities or blue sky laws (including any registration, listing and filing
fees and reasonable fees and disbursements of counsel in connection with blue
sky qualification of any of the Registrable Shares and the preparation of a
blue sky memorandum and compliance with the rules of the FINRA), (iii) all
expenses of any Persons in preparing or assisting in preparing, word
processing, duplicating, printing, delivering and distributing any Registration
Statement, any Prospectus, any amendments or supplements thereto, any
underwriting agreements, securities sales agreements, certificates and any
other documents relating to the performance under and compliance with this
Agreement, (iv) all fees and expenses incurred in connection with the
listing or inclusion of any of the Registrable Shares on the New York Stock
Exchange or any of the NASDAQ stock markets pursuant to Section 5(m),
(v) the fees and disbursements of counsel for the Company and of the independent
public accountants of the Company (including the expenses of any special audit
and “cold comfort” letters required by or incident to such performance) and the
reasonable fees and disbursements of one counsel for the Holders, selected by
the Holders holding a majority of the Registrable Shares, (vi) any fees
and disbursements customarily paid by issuers in issues and sales of securities
(including the fees and expenses of any experts retained by the Company in
connection with any Registration Statement), provided, however,
that Registration Expenses shall exclude brokers’ or underwriters’ discounts
and commissions and transfer taxes, if any, relating to the sale or disposition
of Registrable Shares by a Holder and the fees and disbursements of any counsel
to the Holders other than as provided for in clause (v) above.

 

Registration Statement: Any registration statement
of the Company filed with the SEC under the Securities Act (including, but not
limited to, the Mandatory Shelf Registration Statement and any Subsequent Shelf
Registration Statement) that covers any of the Registrable Shares pursuant to
the provisions of this Agreement, including the Prospectus, amendments and
supplements to such registration statement, including post-effective amendments,
all exhibits and all material incorporated by reference or deemed to be
incorporated by reference in such registration statement.

 

Regulation S: Regulation S (Rules 901 – 905)
promulgated under the Securities Act, as such Rules may be amended from
time to time, or any similar or successor rules or regulations hereafter
adopted by the SEC.

 

Rule 144: Rule 144 promulgated under the
Securities Act, as such Rule may be amended from time to time, or any
similar or successor rule (other than Rule 144A) or regulation
hereafter adopted by the SEC providing for offers and sales of securities made
in compliance therewith resulting in offers and sales by subsequent holders
that are not affiliates of an issuer or such 

 

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securities
being free of the registration and prospectus delivery requirements of the
Securities Act.

 

Rule 144A: Rule 144A promulgated
under the Securities Act, as such Rule may be amended from time to time,
or any similar or successor rule (other than Rule 144) or regulation
hereafter adopted by the SEC.

 

Rule 158: Rule 158 promulgated under the Securities Act, as such Rule may
be amended from time to time, or any similar or successor rule or
regulation hereafter adopted by the SEC.

 

Rule 405: Rule 405 promulgated under the Securities Act, as such Rule may
be amended from time to time, or any similar or successor rule or
regulation hereafter adopted by the SEC.

 

Rule 415: Rule 415 promulgated under the Securities Act, as such Rule may
be amended from time to time, or any similar or successor rule or
regulation hereafter adopted by the SEC.

 

Rule 424: Rule 424 promulgated under the Securities Act, as such Rule may
be amended from time to time, or any similar or successor rule or
regulation hereafter adopted by the SEC.

 

Rule 430A: Rule 430A promulgated
under the Securities Act, as such Rule may be amended from time to time,
or any similar or successor rule or regulation hereafter adopted by the
SEC.

 

Rule 433: Rule 433 promulgated under the
Securities Act, as such Rule may be amended from time to time, or any
similar or successor rule or regulation hereafter adopted by the SEC.

 

Rule 501: Rule 501 promulgated under the
Securities Act, as such Rule may be amended from time to time, or any
similar or successor rule or regulation hereafter adopted by the SEC.

 

SEC: The Securities and Exchange Commission.

 

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

 

Shares: The 144A/Regulation S Shares and Private Placement
Shares being offered and sold pursuant to the terms and conditions of the Plan.

 

Shelf Registration Statement: See Section 2(a)(i).

 

Subsequent Shelf Registration Statement: See Section 2(a)(i).

 

2.            Registration Rights

 

(a)                                Mandatory Shelf
Registration.  The Company
shall prepare and file with the SEC a Registration Statement for an offering to
be made on a continuous basis pursuant to Rule 415 covering all of the
Registrable Shares (the “Mandatory
Shelf Registration Statement”), promptly after the Plan
Effective Date but in no event later than the Filing Date and shall use its
commercially reasonable best 

 

5

 

efforts to cause such Mandatory Shelf
Registration Statement to be declared effective under the Securities Act as
promptly as practicable thereafter (but in no event after the Effective
Date).  The Mandatory Shelf Registration
Statement shall be on Form S-1 (or, if available, Form S-3) or
another appropriate form permitting registration of such Registrable Shares for
resale by Holders in the manner or manners reasonably designated by the
Majority Backstop Purchasers (including, without limitation, one or more
underwritten offerings).  Except as
provided in Section 2(b), the Company shall not, without the
written consent of the Majority Backstop Purchasers, permit any securities
other than the Registrable Shares to be included in any Shelf Registration
Statement (as defined below).  The Company
shall use its commercially reasonable best efforts to keep the Mandatory Shelf
Registration Statement continuously effective under the Securities Act until
the earliest of (A) the date on which the Registrable Shares registered
under such Shelf Registration Statement may be sold, in the opinion of counsel
to the Company, in a three-month period under Rule 144 without volume or
other limits, (B) the date all the Registrable Shares registered under
such Shelf Registration Statement have been sold and (C) two years after
the date on which such Shelf Registration Statement became effective with
respect to the offer and sale of the Registrable Shares, plus the aggregate
number of days in all applicable suspension periods set forth herein (including
days when such Shelf Registration Statement was not effective or use thereof
was suspended, including as a result of any of the events specified in Section 2(d),
Section 5(b) or Section 5(d)).  The Company shall notify each Holder when the
Mandatory Shelf Registration Statement has been declared effective.

 

(i)                                     Subsequent
Shelf Registrations.  If the
Mandatory Shelf Registration Statement or any Subsequent Shelf Registration
Statement (as defined below) ceases to be effective for any reason at any time
during the period described in Section 2(a) (other than because
of the sale of all of the securities registered thereunder), the Company shall
use its commercially reasonable best efforts to obtain the prompt withdrawal of
any order suspending the effectiveness thereof, and in any event shall within
30 days of such cessation of effectiveness amend such Shelf Registration
Statement in a manner designed to obtain the withdrawal of the order suspending
the effectiveness thereof, or file an additional shelf registration statement
pursuant to Rule 415 covering all of the Registrable Shares covered by and
not sold under the Mandatory Shelf Registration Statement or any earlier
Registration Statement (a “Subsequent
Shelf Registration Statement”). 
If a Subsequent Shelf Registration Statement is filed, the Company shall
use its commercially reasonable best efforts to cause the Subsequent Shelf
Registration Statement to be declared effective as soon as practicable after
such filing and to keep such Subsequent Shelf Registration Statement
continuously effective during the period described in Section 2(a).  As used herein the term “Shelf Registration Statement”
means the Mandatory Shelf Registration Statement and any Subsequent Shelf
Registration Statements.

 

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(ii)                                  Supplements and
Amendments.  The Company
shall promptly amend any Shelf Registration Statement and/or amend or
supplement the Prospectus constituting a part thereof if required by the rules,
regulations or instructions applicable to the registration form used for such
Shelf Registration Statement, if required by the Securities Act, or if
reasonably requested in writing by the Holders of a majority of the Registrable
Shares covered by such Shelf Registration Statement, but only with respect to
information relating to such Holders, or by any underwriter of such Registrable
Shares.

 

(iii)                               Provision of
Information.  No Holder
shall be entitled to include any of its Registrable Shares in any Shelf
Registration Statement pursuant to this Agreement unless such Holder furnishes
to the Company in writing, within 20 days after receipt of a written request
therefor (such written request, a “Notice
and Questionnaire”), such information as the Company, after
conferring with counsel with regard to information relating to Holders that
would be required by the SEC to be included in such Shelf Registration
Statement or Prospectus included therein, may reasonably request for inclusion
in any Shelf Registration Statement or Prospectus included therein.  The Company shall mail the Notice and
Questionnaire to the Holders no later than 30 days prior to the date of initial
filing of the Shelf Registration Statement with the SEC.  No Holder shall be entitled to be named as a
selling securityholder in the Shelf Registration Statement as of the initial
effective date of the Shelf Registration Statement, and no Holder may use the
Prospectus forming a part thereof for resales of Registrable Shares at any
time, unless such Holder has returned a completed and signed Notice and
Questionnaire to the Company by the deadline for response set forth therein; provided,
however, that Holders shall have at least 20 days from the date on which
the Notice and Questionnaire is first mailed to such Holders to return a
completed and signed Notice and Questionnaire to the Company.  Notwithstanding the foregoing, (x) upon
the request of any Holder that did not return a Notice and Questionnaire on a
timely basis or did not receive a Notice and Questionnaire because it was a
subsequent transferee of Registrable Shares after the Company mailed the Notice
and Questionnaire, the Company shall distribute a Notice and Questionnaire to
such Holders at the address set forth in the request and (y) upon receipt
of a properly completed Notice and Questionnaire from such Holder, the Company
shall use its commercially reasonable best efforts to name such Holder as a
selling securityholder in the Shelf Registration Statement by means of a
pre-effective amendment, by means of a post-effective amendment or, if
permitted by the SEC, by means of a Prospectus supplement to the Shelf
Registration Statement; provided, however, that the Company will
have no obligation to add Holders to the Shelf Registration Statement as
selling securityholders more frequently than once every 30 calendar days.

 

7

 

(iv)                              Underwriting.  If any Holder proposes to conduct an
underwritten offering under a Shelf Registration Statement, such Holder shall
advise the Company and all other Holders whose securities are included in the
Shelf Registration Statement (if applicable), of the managing underwriters for
such proposed underwritten offering; such managing underwriters to be subject
to the approval of the Company, not to be unreasonably withheld.  In such event, the Company shall enter into
an underwriting agreement in customary form with the managing underwriters,
which shall include, among other provisions, indemnities to the effect and to
the extent provided in Section 6, and shall take all such other
reasonable actions as are requested by the managing underwriter in order to
expedite or facilitate the registration and disposition of the Registrable
Shares included in such underwritten offering. 
All Holders proposing to distribute their Registrable Shares through
such underwritten offering shall enter into an underwriting agreement in
customary form with the managing underwriters selected for such underwriting
and complete and execute any questionnaires, powers of attorney, indemnities,
securities escrow agreements and other documents reasonably required under the
terms of such underwriting, and furnish to the Company such information in
writing as the Company may reasonably request for inclusion in the Registration
Statement; provided, however, that no Holder shall be required to
make any representations or warranties to or agreements with the Company or the
underwriters other than representations, warranties or agreements as are
customary and reasonably requested by the underwriters.

 

(b)                               Piggyback
Registration.  The Company
will notify each record holder of a General Unsecured Claim that holds 855,000
(or such lesser number of shares of Common Stock as would equal 10% of the
aggregate number of shares of Common Stock outstanding after all shares of
Common Stock (including the Shares) to be distributed under the Plan have been
distributed in accordance with the Plan) or more Eligible Shares (each, an “Eligible Stockholder”
and, collectively, the “Eligible
Stockholders”) of the proposed filing of the Mandatory
Registration Statement or any Subsequent Registration Statement at least 20
days prior to the proposed filing date or, in the case of any Subsequent
Registration Statement or with respect to an Eligible Stockholder not known by
the Company to be an Eligible Stockholder on the Plan Effective Date (and not
so known at least 25 days prior to the proposed filing date), as promptly as
practicable prior to the filing date. 
Each such Eligible Stockholder shall be given an opportunity to include
in such Registration Statement all or any part of such Eligible Stockholder’s
Eligible Shares.  Each such Eligible
Stockholder desiring to include in any such Registration Statement all or part
of such Eligible Stockholder’s Eligible Shares shall, within 10 days after
delivery of the above-described notice by the Company, so notify the Company in
writing, and in such notice shall inform the Company of the number of Eligible
Shares such Eligible Stockholder wishes to include in such Registration
Statement and provide, as a condition to such inclusion, such information
regarding itself, its Eligible Shares and the 

 

8

 

intended method of disposition of such
securities as is required pursuant to Regulation S-K promulgated under the
Securities Act to effect the registration of the Eligible Shares.  In the event an Eligible Stockholder is not
known by the Company to be an Eligible Stockholder until after the time such
Shelf Registration Statement is filed, upon receipt of the foregoing
information from such Eligible Stockholder, the Company shall use its
commercially reasonable best efforts to name such Eligible Stockholder as a
selling securityholder in the Shelf Registration Statement by means of a
pre-effective amendment, by means of a post-effective amendment or, if
permitted by the SEC, by means of a Prospectus supplement to the Shelf
Registration Statement; provided, however, that the Company will
have no obligation to add Eligible Stockholders to the Shelf Registration
Statement as selling securityholders more frequently than once every 30
calendar days.

 

(i)                                     Right to
Terminate Piggyback Registration.  At any time, the Company may terminate or
withdraw any Registration Statement referred to in this Section 2(b),
and without any obligation to any such Eligible Stockholder whether or not any
Eligible Stockholder has elected to include Registrable Shares in such
registration.  The Company may suspend
the effectiveness and use of any Registration Statement at any time for an
unlimited amount of time whether or not any Eligible Stockholder has elected to
include Eligible Shares in such registration.

 

(ii)                                  Underwriting.  The Company shall advise the Eligible
Stockholders of the identity of the managing underwriters for any underwritten
offering proposed under the Registration Statement.  The right of any such Eligible Stockholder’s
Eligible Shares to be included in any Registration Statement pursuant to this Section 2(b) shall
be conditioned upon such Eligible Stockholder’s participation in such underwritten
offering and the inclusion of such Eligible Stockholder’s Eligible Shares in
the underwritten offering to the extent provided herein.  All Eligible Stockholders proposing to
distribute their Eligible Shares through such underwritten offering shall enter
into an underwriting agreement in customary form with the managing underwriters
selected for such underwriting and complete and execute any questionnaires,
powers of attorney, indemnities, securities escrow agreements and other
documents reasonably required under the terms of such underwriting, and furnish
to the Company such information in writing as the Company may reasonably
request for inclusion in the Registration Statement; provided, however,
that no Eligible Stockholder shall be required to make any representations or
warranties to or agreements with the Company or the underwriters other than
representations, warranties or agreements as are customary and reasonably
requested by the underwriters. 
Notwithstanding any other provision of this Agreement, if the managing
underwriters determine in good faith that marketing factors require a
limitation on the number of shares to be included, then the managing
underwriters may exclude Eligible Shares from the Registration Statement and
the underwritten offering, and any 

 

9

 

shares of Common Stock included in the Registration Statement and the
underwritten offering shall be allocated, first, to the Holders, and second, to
each of the Eligible Stockholders listed on Annex III requesting
inclusion of their Eligible Shares in such Registration Statement on a pro rata
basis based on the total number of such shares requested to be included.  If any Eligible Stockholder disapproves of
the terms of any underwritten offering, such Eligible Stockholder may elect to
withdraw therefrom by written notice to the Company and the underwriter,
delivered at least ten Business Days before the effective date of the
Registration Statement.  Any Eligible
Shares excluded or withdrawn from such underwritten offering shall be excluded
and withdrawn from the Registration Statement.

 

(iii)                               Hold-Back
Agreement.  By electing
to include Eligible Shares in the Registration Statement, if any, such Eligible
Stockholders listed on Annex III shall be deemed to have agreed not to
effect any sale or distribution of securities of the Company of the same or
similar class or classes of the securities included in the Registration
Statement or any securities convertible into or exchangeable or exercisable for
such securities, including a sale pursuant to Rule 144, or enter into any
other transaction designed to directly or indirectly transfer any of the
economic consequences of ownership of Common Stock of the Company, during such
periods as reasonably requested (but in no event longer than 60 days following
the effective date of the Registration Statement, provided each of the
executive officers and directors of the Company that holds shares of Common
Stock of the Company or securities convertible into or exchangeable or
exercisable for shares of Common Stock of the Company is subject to at least
the same restrictions for the entire time period required of the Eligible
Stockholders hereunder) by the managing underwriters, if an underwritten
offering.

 

(c)                                Expenses.  The Company shall pay all Registration
Expenses (including those of any Backstop Purchaser and Holders affiliated or
associated with any Backstop Purchaser) in connection with the registration of
the Registrable Shares or Eligible Shares pursuant to this Agreement.  Each Holder and Eligible Stockholder
participating in a registration pursuant to this Section 2 shall
bear such holder’s proportionate share (based on the total number of
Registrable Shares and Eligible Shares sold in such registration) of all
discounts and commissions payable to underwriters or brokers and all transfer
taxes in connection with a registration of Registrable Shares and Eligible
Shares pursuant to this Agreement and any other expense of the holders not
specifically allocated to the Company pursuant to this Agreement relating to
the sale or disposition of such holder’s Registrable Shares or Eligible Shares,
as the case may be, pursuant to any Registration Statement.

 

(d)                                 Blackout
Periods.  Notwithstanding anything to
the contrary contained in this Agreement, upon notice to Holders and Eligible
Stockholders, the Company shall 

 

10

 

be entitled to suspend its obligation to file
any Shelf Registration Statement, file any amendment to a Shelf Registration
Statement, furnish any supplement or amendment to a Prospectus included in a
Shelf Registration Statement, make any other filing with the SEC not otherwise
required to be filed, cause any Shelf Registration Statement or other filing
with the SEC to become or remain effective or suspend the use of the Prospectus
included in any Shelf Registration Statement in the event that and for a period
of time (provided, that the Company shall have used its commercially
reasonable best efforts to file such Shelf Registration Statement or cause such
Shelf Registration Statement to be declared effective, as applicable) (a “Blackout Period”) not
to exceed more than 60 consecutive days or an aggregate of 90 days in any
12-month period if the board of directors of the Company determines in good
faith that (i) the disclosure of an event, occurrence or other item at
such time (that would not otherwise be required to be disclosed) required to be
disclosed in the Prospectus or Shelf Registration Statement to permit the use
thereof could reasonably be expected to have a material adverse effect on the
business, operations or prospects of the Company, (ii) the disclosure
otherwise relates to a material corporate development or other business
transaction (including any financing, offering, acquisition, corporate
reorganization or other significant transaction) involving the Company or any
of its direct or indirect subsidiaries which has not been publicly disclosed
(and is not otherwise required to be disclosed), disclosure of which would be
materially adverse to the Company’s interests or (iii) changes in the
Registration Statement or related prospectus are required so that, as of such
date, such Registration Statement or prospectus does not include an untrue statement
of material fact or omit to state a material fact necessary to make the
statements therein (in the case of the Prospectus, in the light of the
circumstances under which they were made) not misleading (provided, that
nothing in this clause (iii) shall relive the Company of its obligation to
promptly update any such document to the extent provided elsewhere in this
Agreement).

 

3.            Additional Interest

 

The Company acknowledges and
agrees that the Holders of Notes will suffer damages if the Company fails to
fulfill its material obligations under Section 2 hereof, or under Section 2
or Section 3 of the Notes Registration Rights Agreement, and that
it would not be feasible to ascertain the extent of such damages with
precision.  Accordingly, the Company agrees
to pay additional cash interest on the Notes (“Additional Interest”) under the
circumstances and to the extent set forth below (each of which shall be given
independent effect):

 

(a)                                if a
Registration Statement has not been filed with the SEC on or prior to the
Filing Date or other required date, then, commencing on the day after such
required filing date, Additional Interest shall accrue on the principal amount
of the Notes and Exchange Notes over and above any stated interest at a rate of
2.0% per annum immediately following such required filing date, subject to the
provisos in the last sentence of this paragraph;

 

11

 

(b)                               if a Shelf
Registration Statement is not declared effective by the SEC on or prior to the
Effective Date or other required date, then, commencing on the day after such
required effective date, Additional Interest shall accrue on the principal
amount of the Notes and Exchange Notes over and above any stated interest at a
rate of 2.0% per annum immediately following such required effective date,
subject to the provisos in the last sentence of this paragraph; or

 

(c)                                if (i) a
Shelf Registration Statement has been declared effective and such Shelf
Registration Statement ceases to be effective or usable in connection with
resales of the Registrable Shares in accordance with and during the periods
specified in this Agreement at any time during the period described in Section 2(a) (other
than during a Blackout Period or after such time as all Registrable Shares have
been disposed of thereunder) or (ii) the Company issues a valid notice to
suspend the use of the Prospectus included in any Shelf Registration Statement
and such suspension, when taken together with all other suspensions, if any
(but solely to the extent not concurrent), during any 12-month period exceeds
90 days, then, in each case, Additional Interest shall accrue on the principal
amount of the Notes and Exchange Notes over and above any stated interest at a
rate of 2.0% per annum commencing on (x) the day such Shelf Registration
Statement ceases to be effective or useable, in the case of clause (i) above,
or (y) the day the Prospectus in any Shelf Registration Statement is
suspended for any period in excess of 90 days during any 12-month period, in
the case of clause (ii) above, subject to the provisos in the last
sentence of this paragraph;

 

provided, however,
that Additional Interest will not accrue under more than one of the foregoing
clauses (a), (b) or (c) or under Section 4(a)(i)-(iii) of
the Notes Registration Rights Agreement at any one time; provided  further,
however, that the amount of Additional Interest accruing on the Notes
shall not exceed 2.0% per annum; and provided  further, however,
that (1) upon the filing of such Shelf Registration Statement (in the case
of clause (a) above), (2) upon the effectiveness of such Shelf
Registration Statement (in the case of clause (b) above), (3) upon
the effectiveness of a Shelf Registration Statement which had ceased to remain
effective (in the case of clause (c)(i) above), or (4) upon the day
the Prospectus in any Shelf Registration Statement the use of which was
previously suspended may be used again (in the case of clause (c)(ii) above),
Additional Interest on the Notes as a result of such clause (or the relevant
subclause thereof), as the case may be, shall cease to accrue.

 

4.            Rules 144 and 144A

 

The Company covenants that
it shall (a) file the reports required to be filed by it (if so required)
under the Securities Act and the Exchange Act in a timely manner and, if at any
time the Company is not required to file such reports, it will, upon the
written request of any Holder of Registrable Shares, make publicly available
other information necessary to permit sales pursuant to Rule 144 and Rule 144A
and (b) take such further action as any Holder may reasonably request in
writing, all to the extent required from time to time to enable such Holder to
sell Registrable Shares without registration under the Securities Act pursuant
to the exemptions provided by Rule 144 and Rule 144A.  Upon the request of any Holder, the

 

12

 

Company
shall deliver to such Holder a written statement as to whether it has complied
with such information and requirements.

 

5.            Registration Procedures

 

In connection with the
filing of any Registration Statement pursuant to Section 2 hereof,
the Company shall effect such registrations to permit the sale of such
securities covered thereby in accordance with the intended method or methods of
disposition thereof, and pursuant thereto and in connection with any
Registration Statement filed by the Company hereunder, the Company shall:

 

(a)                                Prepare and
file with the SEC as soon as practicable after the date hereof but in any event
on or prior to the Filing Date (or other applicable date if required after the
Filing Date), a Shelf Registration Statement as prescribed by Section 2,
and use its commercially reasonable best efforts to cause each such
Registration Statement to become effective and remain effective as provided
herein; provided that, before filing any Registration Statement or
Prospectus or any amendments or supplements thereto the Company shall provide
reasonable advance notice thereof to the Backstop Purchasers and, if requested,
furnish at no charge to the Holders of the Registrable Shares to be registered
pursuant to such Registration Statement (and to a single counsel for such
Holders), the Eligible Stockholders holding Eligible Shares to be registered
pursuant to such Registration Statement (and to a single counsel for such
Eligible Stockholders) and the managing underwriters (and to their counsel), if
any, a reasonable opportunity to review copies of all such documents (including
copies of any documents to be incorporated by reference therein and all
exhibits thereto) proposed to be filed (in each case at least five Business
Days prior to such filing).  The Company
shall not file any such Registration Statement or Prospectus or any amendments
or supplements thereto in respect of which the Holders must provide information
for the inclusion therein without such Holders being afforded an opportunity to
review such documentation if the holders of a majority of the Registrable
Shares covered by such Registration Statement, or the managing underwriters, if
any, or any of their respective counsel shall reasonably object in writing on a
timely basis.

 

(b)                               Prepare and
file with the SEC such pre-effective amendments and post-effective amendments
to each Shelf Registration Statement as may be necessary to keep such
Registration Statement continuously effective for the period described in Section 2(a);
cause the related Prospectus to be supplemented by any Prospectus supplement
required by applicable law, and as so supplemented to be filed pursuant to Rule 424;
promptly amend or supplement each such Registration Statement to include the
Company’s quarterly and annual financial information and other material
developments (unless or until the Company is eligible to incorporate such information
by reference into the Registration Statement), during which time sales of the
Registrable Shares and Eligible Shares under the Registration Statement will be
suspended until such amendment or supplement is filed and effective; and comply
with the provisions of the Securities Act and the Exchange Act applicable to it
with respect to the disposition of all securities 

 

13

 

covered by such Registration Statement as so
amended or in such Prospectus as so supplemented.  The Company shall not, during the period
described in Section 2(a), voluntarily take any action that would
reasonably be expected to result in selling Holders of the Registrable Shares
(or selling Eligible Stockholders of the Eligible Shares) covered by a
Registration Statement not being able to sell such securities during that
period, unless such action is required by applicable law, rule or
regulation or permitted by this Agreement.

 

(c)                                Furnish to such
selling Holders and selling Eligible Stockholders who so request in writing (i) upon
the Company’s receipt, a copy of the order of the SEC declaring such
Registration Statement and any post effective amendment thereto effective, (ii) such
reasonable number of copies of such Registration Statement and of each
amendment and supplement thereto (in each case including any documents
incorporated therein by reference and all exhibits), (iii) such reasonable
number of copies of the Prospectus included in such Registration Statement
(including each preliminary Prospectus), any Issuer Free Writing Prospectus and
each amendment and supplement thereto, and such reasonable number of copies of
the final Prospectus as filed by the Company pursuant to Rule 424(b), in
conformity with the requirements of the Securities Act and each amendment and
supplement thereto, and (iv) such other documents (including any
amendments required to be filed pursuant to clause (b) of this Section 5),
as any such Person may reasonably request in writing.  The Company hereby consents to the use of the
Prospectus (including each preliminary Prospectus) and any Issuer Free Writing
Prospectus by each of the selling Holders of Registrable Shares, the selling
Eligible Stockholders of Eligible Shares and the underwriters or agents, if any,
and dealers, if any, in connection with the offering and sale of the
Registrable Shares and Eligible Shares covered by such Prospectus and any
amendment or supplement thereto.

 

(d)                               The Company
shall notify in writing the selling Holders of Registrable Shares, the selling
Eligible Stockholders of Eligible Shares and the managing underwriters, if any,
and each of their respective counsel promptly (but in any event within five
Business Days) (A) when a Prospectus or any Prospectus supplement or
post-effective amendment has been filed, and, with respect to a Registration
Statement or any post-effective amendment, when the same has become effective
(including in such notice a written statement that any Holder or Eligible
Stockholder may, upon request, obtain, without charge, one conformed copy
(which may be in electronic format) of such Registration Statement or
post-effective amendment including financial statements and schedules,
documents incorporated or deemed to be incorporated by reference and exhibits),
(B) of the issuance by the SEC of any stop order suspending the
effectiveness of a Registration Statement or of any order preventing or
suspending the use of any Prospectus or the initiation of any proceedings for
that purpose, (C) intentionally omitted, (D) of the receipt by the
Company of any notification with respect to the suspension of the qualification
or exemption from qualification of a Registration Statement or any of the
Registrable Shares or Eligible Shares for offer or sale in any jurisdiction, or
the initiation or threatening of any proceeding for such purpose, (E) of
the happening 

 

14

 

of any event, the existence of any condition
of any information becoming known that makes any statement made in such
Registration Statement or related Prospectus or any Issuer Free Writing
Prospectus or any document incorporated or deemed to be incorporated therein by
reference untrue in any material respect or that requires the making of any
changes in, or amendments or supplements to, such Registration Statement,
Prospectus, Issuer Free Writing Prospectus or documents so that, in the case of
the Registration Statement and the Prospectus, it will not contain any untrue
statement of a material fact or omit to state any material fact required to be
stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading, (F) of any
reasonable determination by the Company that a post-effective amendment to a Registration
Statement would be appropriate and (G) of any request by the SEC for
amendments to the Registration Statement or supplements to the Prospectus or
for additional information relating thereto.

 

(e)                                Use its
commercially reasonable best efforts to prevent the issuance of any order
suspending the effectiveness of a Registration Statement or of any order
preventing or suspending the use of a Prospectus or suspending the
qualification (or exemption from qualification) of any of the Registrable
Shares, for sale in any jurisdiction, and, if any such order is issued, to use
its commercially reasonable best efforts to obtain the withdrawal of any such
order at the earliest possible date.

 

(f)                                  If reasonably
requested in writing by the managing underwriters, if any, or the Holders of a
majority of the Registrable Shares being sold in connection with an
underwritten offering, promptly incorporate in a Prospectus supplement or
post-effective amendment such information or revisions to information therein
relating to such underwriters or selling Holders as the managing underwriters,
if any, or such Holders or any of their respective counsel reasonably request
in writing to be included or made therein and make all required filings of such
Prospectus supplement or such post-effective amendment as soon as practicable
after the Company has received notification of the matters to be incorporated
in such Prospectus supplements or post-effective amendment.

 

(g)                               Prior to any
public offering of Registrable Shares or Eligible Shares, use its commercially
reasonable best efforts to register or qualify, and cooperate with the selling
Holders of Registrable Shares and selling Eligible Stockholders of Eligible
Shares, the underwriters, if any, and their respective counsel in connection
with the registration or qualification (or exemption from such registration or
qualification) of such Registrable Shares or Eligible Shares for offer and sale
under the securities or Blue Sky laws of such jurisdictions within the United
States as any selling Holder, selling Eligible Stockholder or any managing
underwriter or underwriters, if any, reasonably request in writing; if
Registrable Shares and Eligible Shares are offered other than through an
underwritten offering, the Company shall cause its counsel to perform Blue Sky
investigations and file any registrations and qualifications required to be
filed pursuant to this Section 5(g); use its commercially
reasonable best efforts to keep each such registration or qualification (or
exemption therefrom) effective during the period 

 

15

 

such Registration Statement is required to be
kept effective; and use its commercially reasonable best efforts to do any and
all other acts or things reasonably necessary or advisable to enable the
disposition in such jurisdictions of the Registrable Shares and Eligible Shares
covered by the applicable Registration Statement; provided that the
Company shall not be required to (i) qualify generally to do business in
any jurisdiction where it is not then so qualified, (ii) take any action
that would subject it to general service of process in any such jurisdiction
where it is not then so subject or (iii) subject itself to taxation in any
such jurisdiction where it is not then so subject.

 

(h)                               Cooperate with
the selling Holders of Registrable Shares, the selling Eligible Stockholders of
Eligible Shares and the managing underwriter or underwriters, if any, to
facilitate the timely preparation and delivery of certificates representing
Registrable Shares and Eligible Shares to be sold, which certificates shall not
bear any restrictive legends and shall be in a form eligible for deposit with
The Depository Trust Company, and enable such Registrable Shares and Eligible
Shares to be in such denominations and registered in such names as the managing
underwriter or underwriters, if any, or Holders may reasonably request in
writing.

 

(i)                                   Use its
commercially reasonable best efforts to cause the Registrable Shares and
Eligible Shares covered by any Registration Statement to be registered with or
approved by such United States governmental agencies or authorities as may be
necessary to enable the seller or sellers thereof or the underwriter, if any,
to consummate the disposition of such Registrable Shares and Eligible Shares,
except as may be required solely as a consequence of the nature of such selling
Holder’s or selling Eligible Stockholder’s business, in which case the Company
shall cooperate (at such selling Holder’s or such selling Eligible Stockholder’s
expense) in all reasonable respects with the filing of such Registration
Statement and the granting of such approvals; provided that the Company
shall not be required to (i) qualify generally to do business in any
jurisdiction where it is not then so qualified, (ii) take any action that
would subject it to general service of process in any jurisdiction where it is
not then so subject or (iii) subject itself to taxation in any such
jurisdiction where it is not then so subject.

 

(j)                                   Upon the
occurrence of any event contemplated by Section 5(d)(E) or Section 5(d)(F) hereof,
as promptly as practicable, prepare and file with the SEC, at the expense of
the Company, a supplement or post-effective amendment to the Registration
Statement or a supplement to the related Prospectus or any Issuer Free Writing
Prospectus or any document incorporated or deemed to be incorporated therein by
reference, or file any other required document so that, as thereafter delivered
to the purchasers of the Registrable Shares being sold thereunder to whom such
Prospectus or Issuer Free Writing Prospectus will be delivered, such Prospectus
or Issuer Free Writing Prospectus will not contain an untrue statement of a
material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading, and, if SEC review is

 

16

 

required, use its
commercially reasonable best efforts to cause such post-effective amendment to
be declared effective as soon as possible.

 

(k)                                Enter into such
agreements (including an underwriting agreement in form, scope and substance as
is customary in underwritten offerings of securities similar to the Registrable
Shares, as may be appropriate in the circumstances) and take all such other
actions in connection therewith (including those reasonably requested in
writing by the managing underwriters, if any, or the Holders of a majority of
the Registrable Shares being sold) as is customary in offerings of securities
similar to the Registrable Shares as may be appropriate in connection therewith
in order to expedite or facilitate the registration or the disposition of such
Registrable Shares or Eligible Shares, and in such connection, whether or not
an underwriting agreement is entered into and whether or not the registration
is an underwritten registration (except as set forth below), (i) make such
representations and warranties to the underwriters, if any, with respect to the
business of the Company and its subsidiaries as then conducted, and the
Registration Statement, Prospectus, Issuer Free Writing Prospectus and
documents, if any, incorporated or deemed to be incorporated by reference
therein, in each case, in form, substance and scope as are customarily made by
issuers to underwriters in offerings of securities similar to the Registrable
Shares, as may be appropriate in the circumstances; (ii) use commercially
reasonable best efforts to obtain an opinion of counsel to the Company and
updates thereof (which counsel and opinions (in form, scope and substance)
shall be reasonably satisfactory to the managing underwriters, if any, or the
Holders of a majority of the Registrable Shares being sold), addressed to each
selling Holder, selling Eligible Stockholder and each of the underwriters, if
any, covering the matters customarily covered in opinions of counsel to the
Company requested in offerings of securities similar to the Registrable Shares,
as may be appropriate in the circumstances; (iii) use commercially
reasonable best efforts to obtain “cold comfort” letters and updates thereof
(which letters and updates (in form, scope and substance) shall be reasonably
satisfactory to the managing underwriters, if any, or the Holders of a majority
of the Registrable Shares being sold) from the independent certified public
accountants of the Company (and, if necessary, any other independent certified
public accountants of any subsidiary of the Company or of any business acquired
by the Company for which financial statements and financial data are, or are
required to be, included in the Registration Statement), addressed to each of
the underwriters, if any, or the Holders of a majority of the Registrable
Shares being sold, such letters to be in customary form and covering matters of
the type customarily covered in “cold comfort” letters in connection with
offerings of securities similar to the Registrable Shares, as may be
appropriate in the circumstances, and such other matters as reasonably
requested in writing by the underwriters, if any, or such Holders; and (iv) deliver
such documents and certificates as may be reasonably requested in writing by
the Holders of a majority of the Registrable Shares being sold or the managing
underwriters, if any, to evidence the continued validity of the representations
and warranties of the Company and its subsidiaries made pursuant to clause (i) above
and to evidence compliance with any conditions 

 

17

 

contained in the
underwriting agreement or other similar agreement entered into by the Company.

 

(l)                                   Make available
for inspection by a representative of the Holders of such Registrable Shares
being sold (as selected by the Holders of a majority of the Registrable Shares
being sold), and a representative of the Eligible Stockholders holding Eligible
Shares being sold (as selected by the Eligible Stockholders of a majority of
Eligible Shares being sold), any underwriter participating in any such
disposition of Registrable Shares or Eligible Shares, if any, and any attorney,
accountant or other agent retained by any such selling Holders (as selected by
a majority of the Registrable Shares being sold) or the Eligible Stockholders
holding Eligible Shares being sold (as selected by a majority of Eligible
Shares being sold), or underwriter (collectively, the “Inspectors”), at the
offices where normally kept, with reasonable advance notice and during
reasonable business hours, all financial and other records and pertinent
corporate documents of the Company and its subsidiaries (collectively, the “Records”) as shall be
reasonably necessary to enable them to exercise any applicable due diligence responsibilities,
and cause the officers, directors and employees of the Company and its
subsidiaries to supply all information reasonably requested in writing by any
such Inspector in connection with such Registration Statement.  Each Inspector shall agree in writing that it
will keep the Records confidential and not disclose any of the Records unless (A) the
disclosure of such Records is, in the opinion of counsel to such Inspector,
necessary to avoid or correct a misstatement or omission in such Registration
Statement, (B) the release of such Records is ordered pursuant to a
subpoena or other order from a court of competent jurisdiction, (C) the
information in such Records is public or has been made generally available to
the public other than as a result of a disclosure or failure to safeguard by
such Inspector or (D) disclosure of such information is, in the opinion of
counsel for any Inspector, necessary or advisable in connection with any
action, claim, suit or proceeding, directly or indirectly, involving such
Inspector and arising out of, based upon, related to, or involving this
Agreement, or any transaction contemplated hereby or arising hereunder.  Each selling Holder of such Registrable
Shares and each selling Eligible Stockholder of Eligible Shares will be
required to agree that information obtained by it as a result of such
inspections shall be deemed confidential and shall not be used by it as the
basis for any market transactions in the securities of the Company unless and
until such information is made generally available to the public.  Each Inspector, each selling Holder of such
Registrable Shares and each selling Eligible Stockholder of such Eligible
Shares will be required to further agree that it will, upon learning that
disclosure of such Records is sought in a court of competent jurisdiction, give
reasonable advance notice to the Company and, to the extent practicable, use
its commercially reasonable best efforts to allow the Company, at its expense,
to undertake appropriate action to prevent disclosure of the Records deemed
confidential at its expense.

 

(m)                             If the Company
satisfies the applicable requirements of the relevant exchange or market with
respect to the number of holders of Common Stock or is able to 

 

18

 

obtain a waiver with respect
to such requirements, use its commercially reasonable best efforts (including
seeking to cure in the Company’s listing or inclusion application any
deficiencies cited by the exchange or market) to list or include all
Registrable Shares on the New York Stock Exchange or any of the NASDAQ stock
markets as soon as practicable and thereafter maintain the listing on such
exchange or market.

 

(n)                               Prepare and
file in a timely manner all documents and reports required to be filed by the
Company pursuant to the Exchange Act.

 

(o)                               Otherwise use
its commercially reasonable best efforts to comply in all material respects
with all applicable rules and regulations of the SEC and make generally
available to the security holders of the Company with regard to any applicable
Registration Statement earning statements satisfying the provisions of section
11(a) of the Securities Act and Rule 158.

 

(p)                               Cooperate with
each seller of Registrable Shares and Eligible Shares covered by any
Registration Statement and each underwriter, if any, participating in the
disposition of such Registrable Shares and their respective counsel in
connection with any filings required to be made with the FINRA.

 

(q)                               Cause to be
maintained a registrar and transfer agent for all Registrable Shares and
Eligible Shares covered by any Registration Statement from and after a date not
later than the effective date of such Registration Statement.

 

(r)                                  Upon
effectiveness of the first Registration Statement filed under this Agreement,
the Company will take such actions and make such filings as are necessary to
effect the registration of the Common Stock under the Exchange Act
simultaneously with or immediately following the effectiveness of the
Registration Statement.

 

The
Company may require the Holders and Eligible Stockholders to furnish to the
Company such information regarding the proposed distribution by such holder as
the Company may from time to time reasonably request in writing or as shall be
required to effect the registration of the Registrable Shares, and no Holder or
Eligible Stockholder shall be entitled to be named as a selling stockholder in
any Registration Statement and no Holder or Eligible Stockholder shall be
entitled to use the Prospectus forming a part thereof if such Holder or
Eligible Stockholder does not provide such information to the Company.  Each Holder and Eligible Stockholder further
agrees to furnish promptly to the Company in writing all information required
from time to time to make the information previously furnished by such holder
not misleading.

 

Each
Holder of Registrable Shares and each Eligible Stockholder of Eligible Shares
agrees by acquisition of such Registrable Shares or Eligible Shares, as the
case may be, that, upon receipt of any notice from the Company of the happening
of any event of the kind described in Section 2(d),
5(d)(B), 5(d)(D), 5(d)(E), 5(d)(F) or 5(d)(G),
such holder will forthwith discontinue disposition of such Registrable Shares
or Eligible Shares, as the case may 

 

19

 

be, covered by a Registration Statement pursuant to any Prospectus and
forthwith discontinue dissemination of such Prospectus until such holder’s
receipt of the copies of the supplemented or amended Prospectus contemplated by
Section 5(j), or until it is advised in writing (the “Advice”) by the Company that the use
of the applicable Prospectus may be resumed, and has received copies of any
amendments or supplements thereto and, if so directed by the Company, such
holder will deliver to the Company all copies, other than permanent file
copies, then in such holder’s possession, of the Prospectus covering such
Registrable Shares or Eligible Shares, as the case may be, current at the time
of the receipt of such notice.

 

Each
Holder and Eligible Stockholder agrees with the Company that it will not
prepare or have prepared on its behalf or use or refer to, any Free Writing
Prospectus, and will not distribute any written materials in connection with the
offer or sale of the Registrable Shares or Eligible Shares, as the case may be,
without the prior express written consent of the Company and, in connection
with any underwritten offering, the underwriters.  Any such Free Writing Prospectus consented to
by the Company and the underwriters, as the case may be, is hereinafter
referred to as a “Permitted Free Writing Prospectus.”  The Company represents and agrees that it has
treated and will treat, as the case may be, each Permitted Free Writing
Prospectus as an Issuer Free Writing Prospectus, including in respect of timely
filing with the SEC, legending and record keeping.

 

6.            Indemnification

 

(a)                                Indemnification
by the Company and the Guarantors.  The Company agrees to indemnify and hold
harmless the Backstop Purchasers, each Holder of Registrable Shares, each
Eligible Stockholder of Eligible Shares, each Person, if any, who controls each
such Person (within the meaning of Section 15 of the Securities Act or Section 20(a) of
the Exchange Act) and the officers, directors and partners of each such Person,
and controlling person, to the fullest extent lawful, from and against any and
all losses, claims, damages, liabilities, costs (including, without limitation,
reasonable and documented costs of preparation and reasonable attorneys’ fees
as provided in this Section 6) and expenses (including, without
limitation, reasonable costs and expenses incurred in connection with
investigating, preparing, pursuing or defending against any of the foregoing)
(collectively, “Losses”),
as incurred, directly or indirectly caused by, related to, based upon, arising
out of or in connection with any untrue statement or alleged untrue statement
of a material fact contained in any Registration Statement, Prospectus or
Issuer Free Writing Prospectus (as amended or supplemented), or in any
preliminary prospectus or any other document prepared by the Company and used
to sell the Registrable Shares or the Eligible Shares, or any omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading, except insofar as such Losses are
based upon information relating to such Person and furnished in writing to the
Company (or reviewed and approved in writing) by such Person or their counsel
expressly for use therein; provided, however, that the Company
will not be liable to any Indemnified Party (as defined below) under this Section 6
to the extent Losses were caused by an untrue statement or omission or alleged
untrue statement or 

 

20

 

omission that was contained
or made in any preliminary prospectus and corrected in the Prospectus or any
amendment or supplement thereto if (i) the Prospectus does not contain any
other untrue statement or omission or alleged untrue statement or omission of a
material fact that was the subject matter of the related proceedings, (ii) any
such Losses resulted from an action, claim or suit by any Person who purchased
Registrable Shares or Eligible Shares which are the subject thereof from such
Indemnified Party and (iii) it is established in the related proceeding
that such Indemnified Party failed to deliver or provide a copy of the
Prospectus (as amended or supplemented) to such Person with or prior to the
confirmation of the sale of such Registrable Shares or Eligible Shares sold to
such Person if required by applicable law, unless such failure to deliver or
provide a copy of the Prospectus (as amended or supplemented) was a result of
noncompliance by the Company with Section 5 of this Agreement.  The Company also agrees to indemnify
underwriters, selling brokers, dealer managers and similar securities industry
professionals participating in the distribution, their officers, directors,
agents and employees and each Person who controls such Persons (within the
meaning of Section 15 of the Securities Act or Section 20(a) of
the Exchange Act) to the same extent as provided above with respect to the
indemnification of the Holders or Eligible Stockholders.

 

(b)                               Indemnification
by Holder or Eligible Stockholder.  In connection with any Registration
Statement, Prospectus or Issuer Free Writing Prospectus (as amended or
supplemented), or any preliminary prospectus or any other document prepared by
the Company to sell the Registrable Shares or Eligible Shares in which a Holder
or Eligible Stockholder is participating, such holder shall furnish to the
Company in writing such information as the Company reasonably requests for use
in connection with any Registration Statement, Prospectus or Issuer Free
Writing Prospectus (as amended or supplemented), or any preliminary prospectus
or any other document prepared by the Company to sell the Registrable Shares or
Eligible Shares and shall indemnify and hold harmless the Company, its
respective directors and officers and each Person, if any, who controls the
Company (within the meaning of Section 15 of the Securities Act and Section 20(a) of
the Exchange Act), and the directors, officers and partners of such controlling
persons, to the fullest extent lawful, from and against all Losses directly or
indirectly caused by, related to, based upon, arising out of or in connection
with any untrue statement or alleged untrue statement of a material fact
contained in any Registration Statement, Prospectus or Issuer Free Writing
Prospectus (as amended or supplemented), or in any preliminary prospectus or in
any other document prepared by the Company to sell the Registrable Shares or
Eligible Shares, or any omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein, in the light of the circumstances under which they were made, not
misleading to the extent, but only to the extent, that such untrue statement or
alleged untrue statement of a material fact or omission or alleged omission of
a material fact was contained in or omitted from any information so furnished
in writing by such holder to the Company expressly for use therein.  Notwithstanding the foregoing, in no event
shall the liability of any selling Holder or selling Eligible Stockholder 

 

21

 

be greater in amount than
such holder’s Maximum Contribution Amount (as defined below).

 

(c)                                Conduct of
Indemnification Proceedings.  If any proceeding shall be brought or
asserted against any Person entitled to indemnity hereunder (an “Indemnified Party”),
such Indemnified Party shall promptly notify the party or parties from which
such indemnity is sought (the “Indemnifying Party” or “Indemnifying Parties”, as applicable) in
writing; provided, that the failure to so notify the Indemnifying
Parties shall not relieve the Indemnifying Parties from any obligation or
liability except to the extent (but only to the extent) that the Indemnifying
Parties have been prejudiced materially by such failure.

 

The Indemnifying Party shall have the right,
exercisable by giving written notice to an Indemnified Party, within 20
Business Days after receipt of written notice from such Indemnified Party of
such proceeding, to assume, at its expense, the defense of any such proceeding;
provided, that an Indemnified Party shall have the right to employ
separate counsel in any such proceeding and to participate in the defense
thereof, but the fees and expenses of such counsel shall be at the expense of
such Indemnified Party or Parties unless: 
(i) the Indemnifying Party has agreed in writing to pay such fees
and expenses; or (ii) the Indemnifying Party shall have failed promptly to
assume the defense of such proceeding or shall have failed to employ counsel
reasonably satisfactory to such Indemnified Party; or (iii) the named
parties to any such proceeding (including any impleaded parties) include both
such Indemnified Party and the Indemnifying Party or any of its affiliates or
controlling persons, and such Indemnified Party shall have been advised by
counsel that there may be one or more defenses available to such Indemnified
Party that are in addition to, or in conflict with, those defenses available to
the Indemnifying Party or such affiliate or controlling person (in which case,
if such Indemnified Party notifies the Indemnifying Parties in writing that it
elects to employ separate counsel at the expense of the Indemnifying Parties,
the Indemnifying Parties shall not have the right to assume the defense and the
reasonable fees and expenses of such counsel shall be at the expense of the
Indemnifying Party; it being understood, however, that, the Indemnifying Party
shall not, in connection with any one such proceeding or separate but
substantially similar or related proceedings in the same jurisdiction, arising
out of the same general allegations or circumstances, be liable for the fees
and expenses of more than one separate firm of attorneys (together with
appropriate local counsel) at any time for such Indemnified Party).

 

No
Indemnifying Party shall be liable for any settlement of any such proceeding
effected without its written consent, which shall not be unreasonably withheld,
but if settled with its written consent, or if there be a final judgment for
the plaintiff in any such proceeding, each Indemnifying Party jointly and
severally agrees, subject to the exceptions and limitations set forth above, to
indemnify and hold harmless each Indemnified Party from and against any and all
Losses by reason of such settlement or judgment.  The Indemnifying Party shall not (without the
written consent of such Indemnified Party) consent to the entry of any 

 

22

 

judgment
or enter into any settlement that does not include as an unconditional term
thereof the giving by the claimant or plaintiff to each Indemnified Party of a
release, in form and substance reasonably satisfactory to the Indemnified
Party, from all liability in respect of such proceeding for which such
Indemnified Party would be entitled to indemnification hereunder (whether or
not any Indemnified Party is a party thereto).

 

(d)                               Contribution.  If the indemnification provided for in this Section 6
is unavailable to an Indemnified Party or is insufficient to hold such
Indemnified Party harmless for any Losses in respect of which this Section 6
would otherwise apply by its terms (other than by reason of exceptions provided
in this Section 6), then each applicable Indemnifying Party, in
lieu of indemnifying such Indemnified Party, shall have a joint and several
obligation to contribute to the amount paid or payable by such Indemnified
Party as a result of such Losses (i) in such proportion as is appropriate
to reflect the relative benefits received by the Company, on the one hand, and
the Holders, on the other hand, from the offering of the Shares or (ii) if
the allocation provided by clause (i) is not permitted by applicable law,
in such proportion as is appropriate to reflect the relative fault of the
Indemnifying Party, on the one hand, and such Indemnified Party, on the other
hand, in connection with the actions, statements or omissions that resulted in
such Losses as well as any other relevant equitable considerations.  The relative fault of such Indemnifying
Party, on the one hand, and Indemnified Party, on the other hand, shall be
determined by reference to, among other things, whether any untrue or alleged
untrue statement of a material fact or omission or alleged omission to state a
material fact relates to information supplied by such Indemnifying Party or
Indemnified Party, and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent any such statement or
omission.  The amount paid or payable by
an Indemnified Party as a result of any Losses shall be deemed to include any
legal or other fees or expenses incurred by such party in connection with any
proceeding, to the extent such party would have been indemnified for such fees
or expenses if the indemnification provided for in Section 6(a) or
Section 6(b) was available to such party.

 

The
parties hereto agree that it would not be just and equitable if contribution
pursuant to this Section 6(d) were determined by pro rata
allocation or by another method of allocation that does not take account of the
equitable considerations referred to in the immediately preceding
paragraph.  Notwithstanding the
provisions of this Section 6(d), a selling Holder or selling
Eligible Stockholder shall not be required to contribute, in the aggregate, any
amount in excess of such holder’s Maximum Contribution Amount.  A selling Holder’s or selling Eligible Stockholder’s
“Maximum Contribution Amount” shall
equal the excess of (i) the aggregate proceeds received by such holder
pursuant to the sale of such Registrable Shares or Eligible Shares over (ii) the
aggregate amount of 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 

 

23

 

guilty
of such fraudulent misrepresentation. 
The Holders’ and Eligible Stockholders’ obligations to contribute
pursuant to this Section 6(d) are several in proportion to the
respective number of the Registrable Shares or Eligible Shares held by each
holder hereunder and not joint.

 

The
indemnity and contribution agreements contained in this Section 6
are in addition to any liability that the Indemnifying Parties may have to the
Indemnified Parties.

 

7.            Miscellaneous

 

(a)                                Remedies.  In the event of a breach by the Company of
any of its obligations under this Agreement, each Holder, in addition to being
entitled to exercise all rights provided herein or, in the case of the Backstop
Purchasers, in the Backstop Commitment Agreement (as defined in the Plan), or
granted by law, including recovery of damages, will be entitled to specific
performance of its rights under this Agreement. 
The Company agrees that monetary damages would not be adequate
compensation for any loss incurred by reason of a breach by the Company of any
of the provisions of this Agreement and hereby further agrees that, in the
event of any action for specific performance in respect of such breach, the
Company shall waive the defense that a remedy at law would be adequate.

 

(b)                               No Inconsistent
Agreements.  The Company
has not entered, as of the date hereof, and the Company shall not enter, after
the date of this Agreement, into any agreement with respect to any of its securities
that is inconsistent with the rights granted to the Holders or the Eligible
Stockholders in this Agreement or otherwise conflicts with the provisions
hereof.  Except for this Agreement, the
Company has not entered and will not enter into any agreement with respect to
any of its securities that will grant to any Person piggy-back rights with
respect to a Registration Statement. 
From and after the date of this Agreement, the Company shall not,
without the prior written consent of the Holders of a majority of the
Registrable Shares of such Holders, file or have declared effective a
registration statement for equity securities before the Mandatory Shelf
Registration Statement is filed or declared effective, as applicable, or enter
into any agreement with any holder or prospective holder of any securities of
the Company that would allow such holder or prospective holder to have its
Common Stock registered on a registration statement that could be declared
effective within 180 days of the effective date of any Registration Statement
filed pursuant to this Agreement; provided, that the foregoing shall not
apply to any registration statement on Form S-4 or Form S-8 (or any
successor forms).

 

(c)                                Adjustments
Affecting Registrable Shares.  The Company shall not, directly or
indirectly, take any action with respect to the Registrable Shares as a class
that would materially and adversely affect the ability of the Holders to
include such Registrable Shares in a registration undertaken pursuant to this
Agreement.

 

(d)                               Amendments and
Waivers.  The provisions of this
Agreement may not be amended, modified or supplemented, and waivers or consents
to or departures 

 

24

 

from the provisions hereof
may not be given, other than with the prior written consent of (i) the
Company (except as expressly contemplated by this Agreement) and (ii)(A) the
Holders of not less than a majority of the then outstanding Registrable Shares
in circumstances that would adversely affect any Holders of Registrable Shares
(and in the case of Section 2(b), the Eligible Stockholders of not
less than a majority of the then outstanding Eligble Shares in circumstances
that would adversely affect any Eligible Stockholders of Eligible Shares) or (B) where
specified herein, the Majority Backstop Purchasers; provided, however,
that Section 6 and this Section 7(d) may not be
amended, modified or supplemented without the prior written consent of each
Holder.  Notwithstanding the foregoing, a
waiver or consent to depart from the provisions hereof with respect to a matter
that relates exclusively to the rights of Holders of Registrable Shares whose
securities are being sold pursuant to a Shelf Registration Statement and that
does not directly or indirectly affect, impair, limit or compromise the rights
of other Holders of Registrable Shares may be given by Holders of at least a
majority of the Registrable Shares being sold by such Holders pursuant to such
Shelf Registration Statement, unless approval of the Majority Backstop
Purchasers is otherwise required.

 

(e)                                Termination of
the Company’s Obligations.  The
Company shall have no further obligations pursuant to this Agreement at such
time as no Registrable Shares are outstanding after their original issuance, provided,
however, that the Company’s obligations under Sections 4 and 6
(and any related definitions) shall remain in full force and effect following
such time.

 

(f)                                  Notices.  All notices and other communications provided
for or permitted hereunder shall be made in writing by hand delivery,
registered first-class mail, next-day air courier or telecopier:

 

(i)                                     if to a Holder
or Eligible Stockholder, at the most current address of such Holder or Eligible
Stockholder, as the case may be, set forth on the records of the transfer agent
of the Common Stock;

 

(ii)                                  if sent other
than by registered or certified mail to the Company or any Guarantor, as
follows:

 

	
  Aventine Renewable Energy Holdings, Inc.

  
	
  120 North Parkway Drive

  
	
  Pekin, IL 61554

  
	
  Facsimile No.: (309) 478-1535

  
	
  Attention:

  	
  Corporate
  Controller

  
	
   

  	
  General
  Counsel

  

 

(iii)                               if sent by
registered or certified mail to the Company or any Guarantor, as follows:

 

Aventine Renewable Energy Holdings, Inc.

 

25

 

	
  P. O. Box 1800

  
	
  Pekin, IL 61555-1800

  
	
  Facsimile No.: (309) 478-1535

  
	
  Attention:

  	
  Corporate
  Controller

  
	
   

  	
  General
  Counsel.

  

 

All
such notices and communications shall be deemed to have been duly given:  when delivered by hand, if personally
delivered; five Business Days after being deposited in the United States mail,
postage prepaid, if mailed; one Business Day after being timely delivered to a
next-day air courier guaranteeing overnight delivery; and when receipt is
acknowledged by the addressee, if telecopied.

 

(g)                               Successors and
Assigns.  This Agreement shall inure to
the benefit of and be binding upon the successors and assigns of each of the
parties hereto, including, without limitation and without the need for an
express assignment, subsequent Holders.

 

(h)                               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.

 

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

 

(j)                                   Governing Law;
Submission to Jurisdiction; Waiver of Jury Trial.  THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO PRINCIPLES OF CONFLICT OF LAW.  EACH
PARTY HERETO HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY NEW YORK
STATE COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY
FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN
RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT, AND IRREVOCABLY ACCEPTS FOR ITS AND IN RESPECT OF ITS PROPERTY, GENERALLY
AND UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS.  EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, TRIAL BY
JURY AND ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF
VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY
CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS
BEEN BROUGHT IN AN INCONVENIENT FORUM. 
EACH PARTY HERETO IRREVOCABLY CONSENTS, TO THE FULLEST EXTENT IT MAY EFFECTIVELY
DO SO UNDER APPLICABLE LAW, TO THE SERVICE OF PROCESS OF ANY OF 

 

26

 

THE AFOREMENTIONED COURTS IN
ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR
CERTIFIED MAIL, POSTAGE PREPAID, TO THE ADDRESS INDICATED FOR SUCH PARTY IN SECTION 7(f),
SUCH SERVICE TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING.  NOTHING HEREIN SHALL AFFECT THE RIGHT OF ANY
PARTY TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE
LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY PARTY IN ANY OTHER
JURISDICTION.

 

(k)                                Severability.  If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction to
be invalid, illegal, void or unenforceable, the remainder of the terms,
provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and
the parties hereto shall use their commercially reasonable best efforts to find
and employ an alternative means to achieve the same or substantially the same
result as that contemplated by such term, provision, covenant or
restriction.  It is hereby stipulated and
declared to be the intention of the parties that they would have executed the
remaining terms, provisions, covenants and restrictions without including any
of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

(l)                                   Registrable
Shares and Eligible Shares Held by the Company or Its Affiliates.  Whenever the consent or approval of Holders
of a specified percentage of Registrable Shares or Eligible Stockholders of a
specified percentage of Eligible Shares is required hereunder, Registrable
Shares or Eligible Shares held by the Company or any affiliates controlled by
the Company shall not be counted in determining whether such consent or
approval was given by the holders of such required percentage.

 

(m)                             Third Party
Beneficiaries; All Holders and Eligible Stockholders Bound.  Holders and Eligible Stockholders are
intended third party beneficiaries of this Agreement and this Agreement may be
enforced by such Persons.  In accordance
with the Confirmation Order, this Agreement shall be deemed to become valid,
binding and enforceable in accordance with its terms upon execution by the
parties hereto, and each such intended third party beneficiary of this
Agreement shall be bound hereby, in each case, without need for execution of
this Agreement by any party other than the parties hereto.

 

(n)                               Entire
Agreement.  This
Agreement, together with the Backstop Commitment Agreement and the Notes
Registration Rights Agreement, is intended by the parties as a final and
exclusive statement of the agreement and understanding of the parties hereto in
respect of the subject matter contained herein and therein and any and all
prior oral or written agreements, representations, or warranties, contracts,
understanding, correspondence, conversations and memoranda between the Backstop
Purchasers on the one hand and the Company on the other, or between or among
any agents, representatives, parents, subsidiaries, affiliates, 

 

27

 

predecessors in interest or
successors in interest with respect to the subject matter hereof and thereof
are merged herein and replaced hereby.

 

(o)                               Survival.  This Agreement is intended to survive the
consummation of the transactions contemplated by the Plan.  The indemnification and contribution
obligations under Section 6 shall survive the termination of the
Company’s obligations under Section 2.

 

(p)                               Adjustment for
Stock Splits, etc.  Wherever in
this Agreement there is a reference to a specific number of shares with respect
to any securities, then upon the occurrence of any subdivision, combination, or
stock dividend of such shares, the specific number of shares with respect to
any securities so referenced in this Agreement shall automatically be
proportionally adjusted to reflect the effect on the outstanding shares of such
class or series of stock by such subdivision, combination, or stock dividend.

 

[Remainder of page intentionally left blank.]

 

28

 

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

 

	
   

  	
  AVENTINE RENEWABLE ENERGY HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William J. Brennan

  
	
   

  	
   

  	
  Name: 

  	
  William J. Brennan

  
	
   

  	
   

  	
  Title:

  	
  Chief Accounting and
  Compliance Officer

  

 

[Signature
Page to Equity Registration Rights Agreement]

 

 

	
   

  	
  ACCEPTED AND AGREED TO:

  
	
   

  	
   

  
	
   

  	
  BRIGADE CAPITAL MANAGEMENT, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Carney Hawks

  
	
   

  	
   

  	
  Name: 

  	
  Carney Hawks

  
	
   

  	
   

  	
  Title:

  	
  Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WHITEBOX ADVISORS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mark Strefling

  
	
   

  	
   

  	
  Name:

  	
  Mark Strefling

  
	
   

  	
   

  	
  Title:

  	
  Chief Legal Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SENATOR INVESTMENT GROUP LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Douglas Silverman

  
	
   

  	
   

  	
  Name: 

  	
  Douglas Silverman

  
	
   

  	
   

  	
  Title:

  	
  Managing Partner

  

 

[Signature
Page to Equity Registration Rights Agreement]

 

 

ANNEX I

 

Backstop Purchasers

 

Brigade
Capital Management, LLC

 

Nomura
Corporate Research & Asset Management, Inc.

 

Whitebox
Advisors LLC

 

Senator
Investment Group LP

 

SEACOR
Capital Corporation

 

Annex
I

 

ANNEX II

 

Holders

 

	
  1.

  	
  Cedarview Opportunities Master Fund, LP

  
	
   

  	
   

  
	
  2.

  	
  Paul A. Martin and Patricia E. Martin 2009
  Family Trust

  
	
   

  	
   

  
	
  3.

  	
  Fidelity Roth IRA 410048844

  
	
   

  	
   

  
	
  4.

  	
  Fidelity traditional IRA 104638234

  
	
   

  	
   

  
	
  5.

  	
  Fidelity Account Z10085618

  
	
   

  	
   

  
	
  6.

  	
  Simplon Partners L.P. c/o T.A.
  McKay & Co. Inc.

  
	
   

  	
   

  
	
  7.

  	
  S.P. Offshore Limited

  
	
   

  	
   

  
	
  8.

  	
  David Koenig (Individual)

  
	
   

  	
   

  
	
  9.

  	
  Rita Aramburo Etrade Brokerage Acct.
  6125-8236

  
	
   

  	
   

  
	
  10.

  	
  Rita Aramburo Etrade Brokerage Acct.
  6125-8236

  
	
   

  	
   

  
	
  11.

  	
  Perry J. Radoff P.C. Profit Sharing Plan

  
	
   

  	
   

  
	
  12.

  	
  Ing A.C. FUR

  
	
   

  	
   

  
	
  13.

  	
  Whitebox Combined Partners LP*

  
	
   

  	
   

  
	
  14.

  	
  Pandora Select Partners, LP*

  
	
   

  	
   

  
	
  15.

  	
  Whitebox Hedged High Yield Partners, LP*

  
	
   

  	
   

  
	
  16.

  	
  Continental Casualty Company / JP Morgan
  DTC 902 /Cede & CO.

  
	
   

  	
   

  
	
  17.

  	
  Gerard W. Goetz

  
	
   

  	
   

  
	
  18.

  	
  BHR Master Fund Ltd.

  
	
   

  	
   

  
	
  19.

  	
  Schroder Credit Renaissance Fund, Ltd. are
  holders of record via JP Morgan Chase DTC 902

  
	
   

  	
   

  
	
  20.

  	
  Schroder Credit Renaissance Fund, Ltd. are
  holders of record via JP Morgan Chase DTC 902

  
	
   

  	
   

  
	
  21.

  	
  SEACOR Offshore Supplyships One Ltd.*

  
	
   

  	
   

  
	
  22.

  	
  Wilfrid Aubrey International Limited

  

 

 

	
  23.

  	
  Wilfrid Aubrey Growth Fund LP

  
	
   

  	
   

  
	
  24.

  	
  SEI Institutional Managed Trust - High
  Yield Bond Fund*

  
	
   

  	
   

  
	
  25.

  	
  SEI Global Master Fund plc*

  
	
   

  	
   

  
	
  26.

  	
  Brigade Leveraged Capital Structures Fund,
  Ltd.*

  
	
   

  	
   

  
	
  27.

  	
  SEI Institutional Investment Trust - High
  Yield Bond Fund*

  
	
   

  	
   

  
	
  28.

  	
  Lonestar Partners, LP

  
	
   

  	
   

  
	
  29.

  	
  Davidson Kempner International Ltd.

  
	
   

  	
   

  
	
  30.

  	
  Davidson Kempner Distressed Opportunities
  International Ltd.

  
	
   

  	
   

  
	
  31.

  	
  Davidson Kempner Distressed Opportunities
  Fund LP

  
	
   

  	
   

  
	
  32.

  	
  Davidson Kempner Partners

  
	
   

  	
   

  
	
  33.

  	
  M.H. Davidson & Co.

  
	
   

  	
   

  
	
  34.

  	
  Davidson Kempner Institutional Partners,
  L.P.

  
	
   

  	
   

  
	
  35.

  	
  GMAM Investment Funds Trust - 7MS7*

  
	
   

  	
   

  
	
  36.

  	
  Louisiana State Employees Retirement
  System*

  
	
   

  	
   

  
	
  37.

  	
  Balyasny Dedicated Investor Master Fund,
  Ltd.

  
	
   

  	
   

  
	
  38.

  	
  Atlas Fundamental Trading Master Fund, Ltd.

  
	
   

  	
   

  
	
  39.

  	
  Atlas Fundamental Trading Leveraged Fund,
  LP

  
	
   

  	
   

  
	
  40.

  	
  Atlas Leveraged Fund, LP

  
	
   

  	
   

  
	
  41.

  	
  Atlas Master Fund, Ltd.

  
	
   

  	
   

  
	
  42.

  	
  Balamat Cayman Fund, Ltd.

  
	
   

  	
   

  
	
  43.

  	
  Arnold de BOER

  
	
   

  	
   

  
	
  44.

  	
  Brevan Howard Credit Catalysts Master Fund
  Limited DTC 0355

  
	
   

  	
   

  
	
  45.

  	
  Brevan Howard Master Fund Ltd. DTC 0355

  
	
   

  	
   

  
	
  46.

  	
  Anil Nayar

  
	
   

  	
   

  
	
  47.

  	
  The Regents of the University of California
  Acct EB6J*

  

 

 

	
  48.

  	
  Capital Structure Opportunities Fund, LP

  
	
   

  	
   

  
	
  49.

  	
  JMB Capital Partners Master Fund, LP

  
	
   

  	
   

  
	
  50.

  	
  DS2 Partners

  
	
   

  	
   

  
	
  51.

  	
  Dan Sobol (Held in street name: Chares
  Schwab)

  
	
   

  	
   

  
	
  52.

  	
  Dan Sobol (Held in street name -Pershing)

  
	
   

  	
   

  
	
  53.

  	
  Andrew E. Shirley

  
	
   

  	
   

  
	
  54.

  	
  Jefferies & Co.

  
	
   

  	
   

  
	
  55.

  	
  Senator Global Opportunity Master Fund, LP*

  
	
   

  	
   

  
	
  56.

  	
  Ronald J. Kaczor

  
	
   

  	
   

  
	
  57.

  	
  Oppenheimer Capital Structure Opportunities
  Master Fund, Ltd.

  
	
   

  	
   

  
	
  58.

  	
  Anthion Master Fund, LP

  
	
   

  	
   

  
	
  59.

  	
  Barclays Global High Yield Bond Fund -
  Nomura IMP*

  
	
   

  	
   

  
	
  60.

  	
  Ball Corporation Master Pension Trust

  
	
   

  	
   

  
	
  61.

  	
  Nomura US Attractive Yield Corporate Bond
  Fund Mother Fund*

  
	
   

  	
   

  
	
  62.

  	
  Astro Trust Series - Nomura High Yield
  Bond Fund*

  
	
   

  	
   

  
	
  63.

  	
  F2 Sea Inc.*

  

 

* affiliated Holder of a Backstop PurchaserExhibit
4.3

 

EXECUTION COPY

 

 

$105,000,000

 

AVENTINE RENEWABLE ENERGY HOLDINGS, INC.

 

13% SENIOR SECURED NOTES DUE 2015

 

REGISTRATION RIGHTS AGREEMENT

 

March 15, 2010

 

Ladies and Gentlemen:

 

Aventine Renewable Energy
Holdings, Inc., a Delaware corporation (the “Company”),
is issuing and selling to certain affiliates of the parties listed on Annex
I (each a “Backstop  Purchaser”
and collectively, the “Backstop Purchasers”)
and the other Holders (as defined below) listed on Annex II together
with such affiliates, in connection with that certain First Amended Joint Plan
of Reorganization of the Company dated January 13, 2010 (as amended or
modified from time to time, the “Plan”), as
confirmed by the confirmation order entered by the United States Bankruptcy
Court for the District of Delaware on February 24,
2010 (the “Confirmation Order”), in the
reorganization proceeding styled In re
Aventine Renewable Energy Holdings, Inc., et al., Case No. 09-11214 (KG),
$105,000,000 aggregate principal amount of 13% Senior Secured Notes due 2015
(each, together with the related guarantees, a “Note”
and collectively, the “Notes”).  As an inducement to the Backstop Purchasers
to support the Plan, the Company and the Guarantors (as defined below) agree
with the Majority Backstop Purchasers (as defined below), for the benefit of
the Holders of the Notes (including, without limitation, affiliates of the
Backstop Purchasers), as follows:

 

1.                                       Definitions

 

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

 

Additional Interest: See Section 4(a).

 

Advice:  See Section 5.

 

affiliate:  See Rule 405
and including, with respect to the Backstop Purchasers, managed funds and
accounts and those Holders identified on Annex II.

 

Agreement:  This
Registration Rights Agreement, dated as of the Plan Effective Date, among the
Company, the Guarantors party hereto and the Majority Backstop Purchasers.

 

Applicable Period:  See Section 2(e).

 

Backstop Purchasers:  See the introductory paragraph to this
Agreement.

 

Blackout Period:  See Section 3(e).

 

1

 

Business Day:  A
day that is not a Saturday, a Sunday or a day on which banking institutions in
the City of New York are authorized or required by law or executive order to be
closed.

 

Company:  See the
introductory paragraph to this Agreement, and includes any successor thereto.

 

Confirmation Order: See the introductory
paragraph to this Agreement.

 

Effective Date:  The 365th day after the
Plan Effective Date.

 

Equity Registration Rights Agreement:  That certain Registration Rights Agreement,
dated as of the Plan Effective Date, among the Company and the Majority
Backstop Purchasers relating to the common stock of the Company.

 

Event Date:  See Section 4(b).

 

Exchange Act:  The
Securities Exchange Act of 1934, as amended, and the rules and regulations
of the SEC promulgated thereunder.

 

Exchange Notes:  Senior Secured Notes due 2015 of the Company
registered under the Securities Act, identical in all material respects to the
Notes, including the guarantees thereof as set forth in the Indenture, except
for restrictive legends and additional interest provisions, and including any
PIK Notes (as defined in the Indenture (as defined below)) issued on any
Interest Payment Date (as defined in the Indenture) pursuant to the fourth
paragraph of Section 2.02 of the Indenture in partial payment of the
interest accrued on any Exchange Notes that is due and payable on such Interest
Payment Date.

 

Exchange Offer:  See Section 2(a).

 

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

 

Filing Date:  The
180th day after the Plan Effective Date.

 

FINRA:  Financial
Industry Regulatory Authority.

 

Free Writing Prospectus:  A free writing prospectus, as defined in Rule 405.

 

Guarantors:  Each
subsidiary of the Company that guarantees the obligations of the Company under
the Notes and the Indenture.

 

Holder:  Any
registered holder of Registrable Notes from time to time.

 

Indemnified Party:  See Section 7(c).

 

Indemnifying Party:  See Section 7(c).

 

Indenture:  The
Indenture, dated as of the Plan Effective Date, among the Company, the
Guarantors and Wilmington Trust FSB, as trustee and collateral agent, pursuant
to which the 

 

2

 

Notes
are being issued, as amended or supplemented from time to time in accordance
with the terms thereof.

 

Initial Shelf Registration Statement:  See Section 3(a).

 

Inspectors:  See Section 5(o).

 

Issue Date:  March 15,
2010.

 

Issuer Free Writing Prospectus:  An issuer free writing prospectus, as defined
in Rule 433.

 

Losses:  See Section 7(a).

 

Majority Backstop Purchasers: The Backstop Purchasers
having at least a majority of the aggregate Commitment Percentages (as that
term is defined in the Plan).

 

Maximum Contribution Amount:  See Section 7(d).

 

Notes:  See the
introductory paragraph to this Agreement, and including any PIK Notes issued on
any Interest Payment Date pursuant to the fourth paragraph of Section 2.02
of the Indenture in partial payment of the interest accrued on any Notes that
is due and payable on such Interest Payment Date.

 

Notice and Questionnaire:  See Section 3(d).

 

Participating Broker-Dealer:  See Section 2(e).

 

Permitted Free Writing Prospectus: See the last paragraph of Section 5.

 

Person:  An
individual, trustee, corporation, partnership, limited liability company, joint
stock company, trust, unincorporated association, union, business association,
firm, government or agency or political subdivision thereof, or other legal
entity.

 

Plan:  See the
introductory paragraph to this Agreement.

 

Plan Effective Date:  March 15, 2010

 

Prospectus:  The
prospectus included in any Registration Statement (including, without
limitation, a prospectus that discloses information previously omitted from a
prospectus filed as part of an effective registration statement in reliance
upon Rule 430A), as amended or supplemented by any prospectus supplement,
with respect to the terms of the offering of any portion of the Registrable
Notes covered by such Registration Statement, and all other amendments and
supplements to the prospectus, including post-effective amendments, and all
material incorporated by reference or deemed to be incorporated by reference in
such prospectus.

 

Records:  See Section 5(o).

 

3

 

Registrable Notes:  Notes and Exchange Notes received in the
Exchange Offer; provided, that the Notes and the Exchange Notes received
in the Exchange Offer shall cease to be Registrable Notes when such Note or
Exchange Note, as the case may be, (i) may be sold without restriction
under federal or state securities laws, (ii) may be sold pursuant to Rule 144
(free of volume and all other restrictions thereunder), (iii) has been
sold pursuant to a Registration Statement, or (iv) ceases to be
outstanding.

 

Registration Statement:  Any registration statement of the Company and
the Guarantors filed with the SEC under the Securities Act (including, but not
limited to, the Exchange Offer Registration Statement, the Initial Shelf
Registration Statement and any Subsequent Shelf Registration Statement) that
covers any of the Registrable Notes pursuant to the provisions of this
Agreement, including the Prospectus, amendments and supplements to such
registration statement, including post-effective amendments, all exhibits and
all material incorporated by reference or deemed to be incorporated by
reference in such registration statement.

 

Rule 13d-3:  Rule 13d-3 promulgated under the
Exchange Act, as such Rule may be amended from time to time, or any
similar or successor rule or regulation hereafter adopted by the SEC.

 

Rule 144:  Rule 144
promulgated under the Securities Act, as such Rule may be amended from
time to time, or any similar or successor rule (other than Rule 144A)
or regulation hereafter adopted by the SEC providing for offers and sales of
securities made in compliance therewith resulting in offers and sales by
subsequent holders that are not affiliates of an issuer or such securities
being free of the registration and prospectus delivery requirements of the
Securities Act.

 

Rule 144A:  Rule 144A promulgated under the
Securities Act, as such Rule may be amended from time to time, or any
similar or successor rule (other than Rule 144) or regulation
hereafter adopted by the SEC.

 

Rule 158:  Rule 158
promulgated under the Securities Act, as such Rule may be amended from
time to time, or any similar or successor rule or regulation hereafter
adopted by the SEC.

 

Rule 405:  Rule 405 promulgated
under the Securities Act, as such Rule may be amended from time to time,
or any similar or successor rule or regulation hereafter adopted by the
SEC.

 

Rule 415:  Rule 415
promulgated under the Securities Act, as such Rule may be amended from
time to time, or any similar or successor rule or regulation hereafter
adopted by the SEC.

 

Rule 424:  Rule 424
promulgated under the Securities Act, as such Rule may be amended from
time to time, or any similar or successor rule or regulation hereafter
adopted by the SEC.

 

Rule 430A:  Rule 430A promulgated under the Securities
Act, as such Rule may be amended from time to time, or any similar or
successor rule or regulation hereafter adopted by the SEC.

 

Rule 433:  Rule 433
promulgated under the Securities Act, as such Rule may be amended from
time to time, or any similar or successor rule or regulation hereafter
adopted by the SEC.

 

4

 

SEC:  The
Securities and Exchange Commission.

 

Securities:  The
Notes and the Exchange Notes.

 

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

 

Shelf  Notice:  See Section 2(h).

 

Shelf  Registration  Statement:  See Section 3(b).

 

Subsequent  Shelf Registration Statement:  See Section 3(b).

 

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

 

Trustee:  The trustee
under the Indenture and, if existent, the trustee under any indenture governing
the Exchange Notes.

 

2.                                       Exchange
Offer

 

(a)                                  Unless the
Exchange Offer (as defined below) would not be permitted by applicable laws or
a policy or interpretation of the staff of the SEC, the Company shall (and
shall cause each Guarantor to) (i) prepare and file with the SEC promptly
after the date hereof, but in no event later than the Filing Date, a
registration statement (the “Exchange Offer Registration Statement”) on an
appropriate registration form under the Securities Act with respect to an offer
(the “Exchange Offer”)
to exchange the Notes for Exchange Notes, (ii) use its commercially
reasonable best efforts to cause the Exchange Offer Registration Statement to
become effective as promptly as practicable after the filing thereof, but in no
event later than the Effective Date, (iii) use its commercially reasonable
best efforts to keep the Exchange Offer Registration Statement effective until
the consummation of the Exchange Offer in accordance with its terms, and (iv) commence
the Exchange Offer and use its commercially reasonable best efforts to issue on
or prior to 50 days after the effective date of the Exchange Offer Registration
Statement, Exchange Notes in exchange for all Notes validly tendered and not
withdrawn prior thereto in the Exchange Offer. 
The Exchange Offer shall not be subject to any conditions, other than
customary conditions as agreed to in writing by the Majority Backstop
Purchasers and that the Exchange Offer does not violate applicable law or any
applicable interpretation of the staff of the SEC.

 

(b)                                 The Exchange
Notes shall be issued under, and entitled to the benefits of, the Indenture or
a trust indenture that is identical to the Indenture (other than such changes
as are necessary to comply with any requirements of the SEC to effect or
maintain the qualifications thereof under the TIA) which in either case will
provide that (i) the Exchange Notes will not be subject to the transfer
restrictions or additional interest provisions set forth in the Indenture and (ii) the
Exchange Notes and the Notes, if any, will be deemed one class of security
(subject to the 

 

5

 

provisions of the Indenture) and entitled to
participate in all the security granted by the Company pursuant to the
Collateral Documents and in any Guarantee (as such terms are defined in the
Indenture) on an equal and ratable basis.

 

(c)                                  Interest on the
Exchange Notes will accrue from (i) the later of (x) the last
interest payment date on which interest was paid on the Notes surrendered in
exchange therefor or (y) if the Note is surrendered for exchange on a date
in a period which includes the record date for an interest payment date to
occur on or after the date of such exchange and as to which interest will be
paid, the date of such interest payment date or (ii) if no interest has
been paid on the Notes, from the Issue Date. 
Each Exchange Note shall bear interest at the rate set forth thereon; provided,
that interest with respect to the period prior to the issuance thereof shall
accrue at the rate or rates borne by the Notes from time to time during such
period.

 

(d)                                 The Company may
require each Holder as a condition to participation in the Exchange Offer to
represent to the Company that at the time of the consummation of the Exchange
Offer, (i) any Exchange Notes received by such Holder will be acquired in
the ordinary course of its business, (ii) at the time of commencement of
the Exchange Offer such Holder has no arrangement or understanding with any
Person to participate in the distribution (within the meaning of the Securities
Act) of the Exchange Notes in violation of the provisions of the Securities Act,
(iii) such Holder is not an affiliate of the Company or if such Holder is
an affiliate such Holder will comply with the registration and prospectus
delivery requirements of the Securities Act to the extent applicable, (iv) if
such Holder is not a broker-dealer, that it is not engaged in, and does not
intend to engage in, the distribution of the Exchange Notes and (v) if
such Holder is a Participating Broker-Dealer (as defined below) that will
receive Exchange Notes for its own account in exchange for Notes that were
acquired as a result of market-making or other trading activities, that it will
deliver a Prospectus in connection with any resale of the Exchange Notes.

 

(e)                                  The Company
shall (and shall cause each Guarantor to) include within the Prospectus contained
in the Exchange Offer Registration Statement a section entitled “Plan of
Distribution” reasonably acceptable to the Majority Backstop Purchasers which
shall contain all of the information that the SEC requires with respect to the
potential “underwriter” status of any broker-dealer that is the beneficial
owner (as defined in Rule 13d-3) of Exchange Notes received by such
broker-dealer in the Exchange Offer for its own account in exchange for Notes
that were acquired by it as a result of market-making activities or other
trading activities (a “Participating
Broker-Dealer”).  Such “Plan
of Distribution” section shall also allow, to the extent permitted by
applicable policies and regulations of the SEC, the use of the Prospectus by
all Persons subject to the prospectus delivery requirements of the Securities
Act, including, to the extent so permitted, all Participating Broker-Dealers,
and include a statement describing the manner in which Participating
Broker-Dealers may resell the Exchange Notes. 
The Company shall use its commercially reasonable best efforts to keep
the Exchange Offer Registration Statement effective and to amend and supplement
the 

 

6

 

Prospectus contained therein, in order to
permit such Prospectus to be lawfully delivered by all Persons subject to the
prospectus delivery requirements of the Securities Act for such period of time
as such Persons must comply with such requirements in order to resell the
Exchange Notes (the “Applicable
Period”).

 

(f)                                    In connection
with the Exchange Offer, the Company shall (and shall cause each Guarantor to):

 

(i)            mail to each
Holder a copy of the Prospectus forming part of the Exchange Offer Registration
Statement, together with an appropriate letter of transmittal (substantially in
the form attached as an exhibit to the Exchange Offer Registration Statement)
and any related documents;

 

(ii)           keep the
Exchange Offer open for not less than 20 Business Days (or longer if required
by applicable law) after the date notice thereof is mailed to the Holders;

 

(iii)          utilize the
services of a depository for the Exchange Offer with
an address in the Borough of Manhattan, The City of New York, which may be
the Trustee or an affiliate thereof;

 

(iv)          permit Holders
to withdraw tendered Notes at any time prior to the close of business, New York
time, on the last Business Day on which the Exchange Offer shall remain open;
and

 

(v)           otherwise
comply with all applicable laws.

 

(g)                                 As soon as
practicable after the close of the Exchange Offer, the Company shall (and shall
cause each Guarantor to):

 

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

 

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

 

(iii)          cause the
Trustee to authenticate and deliver promptly to each Holder tendering such
Notes or Exchange Notes, as the case may be, equal in principal amount at
maturity to the Notes of such Holder so accepted for exchange.

 

(h)                                 If, (i) because
of any change in law or in applicable interpretations thereof by the staff of
the SEC the Company is not permitted to effect an Exchange Offer, (ii) for
any other reason the Exchange Offer Registration Statement is not declared
effective on or prior to the Effective Date, or the Exchange Offer is not
consummated within 50 days after the effective date of the Exchange Offer
Registration Statement, (iii) any Backstop Purchaser so requests with
respect to the Notes not eligible to be exchanged for Exchange Notes in the
Exchange Offer 

 

7

 

and held by it or any affiliate thereof
(including any such affiliated Holders listed on Annex II) following
consummation of the Exchange Offer, or (iv) in the case of (A) any
Holder not permitted to participate in the Exchange Offer, (B) any
Backstop Purchaser or any affiliate thereof (including any such affiliated
Holders listed on Annex II) participating in the Exchange Offer that
receives Registrable Notes or does not receive Exchange Notes on the date of
the exchange that may be sold without restriction under state and federal
securities laws or (C) any Participating Broker-Dealer holds Notes
acquired directly from the Company or one of its affiliates, and such Holder or
Participating Broker-Dealer notifies the Company of the same within six months
of the Exchange Offer, then in each case the Company shall promptly deliver to
the Holders and the Trustee written notice thereof (the “Shelf Notice”) and
shall as promptly as practicable and at its sole expense file an Initial Shelf
Registration Statement pursuant to Section 3.

 

3.                                       Shelf
Registration

 

If a Shelf Notice is
delivered pursuant to Section 2(h), then this Section 3
shall apply to all Registrable Notes. 
Otherwise, upon consummation of the Exchange Offer in accordance with Section 2,
the provisions of this Section 3 shall apply solely with respect to
(i) Notes held by any Holder thereof not permitted to participate in the
Exchange Offer and (ii) Exchange Notes that are not freely transferable as
contemplated by Section 2(h)(iv) hereof, provided in
each case that the relevant Holder has duly notified the Company within six
months of the Exchange Offer as required by Section 2(h)(iv).

 

(a)                                  Initial Shelf
Registration.   The
Company shall (and shall cause each Guarantor to), use its commercially
reasonable best efforts to, as promptly as practicable, file with the SEC a
Registration Statement for an offering to be made on a continuous basis
pursuant to Rule 415 covering all of the Registrable Notes (the “Initial Shelf Registration Statement”)
within 30 days (or 60 days, in the event a Shelf Notice is delivered pursuant
to Section 2(h)(i)) after the delivery of the Shelf Notice and
shall (and shall cause each Guarantor to) use its commercially reasonable best
efforts to cause such Initial Shelf Registration Statement to be declared
effective under the Securities Act as promptly as practicable thereafter (but
in no event more than 90 days (or 180 days, in the event a Shelf Notice is delivered
pursuant to Section 2(h)(i)) after delivery of the Shelf Notice); provided,
however, that if the Company (and each Guarantor) has not yet filed an
Exchange Offer Registration Statement, the Company shall use its commercially
reasonable best efforts to file (and shall cause each Guarantor to file) with
the SEC the Initial Shelf Registration Statement on or prior to the Filing Date
and shall use its commercially reasonable best efforts to cause such Initial
Shelf Registration Statement to be declared effective under the Securities Act
on or prior to the Effective Date.  The
Initial Shelf Registration Statement shall be on Form S-1 (or, if
available, Form S-3) or another appropriate form permitting registration
of such Registrable Notes for resale by Holders in the manner or manners
reasonably designated by the Majority Backstop Purchasers (including, without
limitation, one or more underwritten offerings).  The Company and Guarantors shall not, without
the written consent of the Majority Backstop Purchasers, permit any 

 

8

 

securities other than the Registrable Notes
to be included in any Shelf Registration Statement (as defined below).  The Company shall (and shall cause each
Guarantor to) use its commercially reasonable best efforts to keep the Initial
Shelf Registration Statement continuously effective under the Securities Act
until the earliest of (i) the date on which the Registrable Notes
registered under such Shelf Registration Statement may be sold, in the opinion
of counsel to the Company, in a three-month period under Rule 144 without
volume or other limits,  (ii) the
date all the Registrable Notes registered under such Shelf Registration
Statement have been sold and  (iii) two
years after the date on which such Shelf Registration Statement became
effective with respect to the offer and sale of the Registrable Notes, plus the
aggregate number of days in all applicable suspension periods set forth herein
(including days when such Shelf Registration Statement was not effective or use
thereof was suspended, including as a result of any of the events specified in Section 3(e),
Section 5(c) or Section 5(e)).  The Company shall notify each Holder when the
Initial Shelf Registration Statement has been declared effective.

 

(b)                                 Subsequent
Shelf Registrations.  If the
Initial Shelf Registration Statement or any Subsequent Shelf Registration
Statement (as defined below) ceases to be effective for any reason at any time
during the period described in Section 3(a) (other than
because of the sale of all of the securities registered thereunder), the
Company shall (and shall cause each Guarantor to) use its commercially
reasonable best efforts to obtain the prompt withdrawal of any order suspending
the effectiveness thereof, and in any event shall within 30 days of such
cessation of effectiveness amend such Shelf Registration Statement in a manner
designed to obtain the withdrawal of the order suspending the effectiveness
thereof, or file (and cause each Guarantor to file) an additional shelf
registration statement pursuant to Rule 415 covering all of the
Registrable Notes covered by and not sold under the Initial Registration
Statement or any earlier Registration Statement (a “Subsequent Shelf Registration
Statement”).  If a
Subsequent Shelf Registration Statement is filed, the Company shall (and shall
cause each Guarantor to) use its commercially reasonable best efforts to cause
the Subsequent Shelf Registration Statement to be declared effective as soon as
practicable after such filing and to keep such Subsequent Shelf Registration
Statement continuously effective during the period described in Section 3(a).  As used herein the term “Shelf Registration Statement”
means the Initial Shelf Registration Statement and any Subsequent Shelf
Registration Statements.

 

(c)                                  Supplements and
Amendments.  The Company
shall promptly amend any Shelf Registration Statement and/or amend or
supplement the Prospectus constituting a part thereof if required by the rules,
regulations or instructions applicable to the registration form used for such
Shelf Registration Statement, if required by the Securities Act, or if
reasonably requested in writing by the Holders of a majority in aggregate
principal amount of the Registrable Notes covered by such Shelf Registration
Statement, but only with respect to information relating to such Holders, or by
any underwriter of such Registrable Notes.

 

9

 

(d)                                 Provision of
Information.  No Holder
shall be entitled to include any of its Registrable Notes in any Shelf
Registration Statement pursuant to this Agreement unless such Holder furnishes
to the Company and the Trustee in writing, within 20 days after receipt of a
written request therefor (such written request, a “Notice and Questionnaire”),
such information as the Company and the Trustee, after conferring with counsel
with regard to information relating to Holders that would be required by the
SEC to be included in such Shelf Registration Statement or Prospectus included
therein, may reasonably request for inclusion in any Shelf Registration
Statement or Prospectus included therein, and no such Holder shall be entitled
to Additional Interest pursuant to Section 4 hereof unless and
until such Holder shall have provided such information.  The Company shall mail the Notice and
Questionnaire to the Holders no later than 30 days prior to the date of initial
filing of the Shelf Registration Statement with the SEC.  No Holder shall be entitled to be named as a
selling securityholder in the Shelf Registration Statement as of the initial
effective date of the Shelf Registration Statement, and no Holder may use the
Prospectus forming a part thereof for resales of Registrable Notes at any time,
unless such Holder has returned a completed and signed Notice and Questionnaire
to the Company by the deadline for response set forth therein; provided,
however, that Holders shall have at least 20 days from the date on which
the Notice and Questionnaire is first mailed to such Holders to return a
completed and signed Notice and Questionnaire to the Company.  Notwithstanding the foregoing, (x) upon
the request of any Holder that did not return a Notice and Questionnaire on a
timely basis or did not receive a Notice and Questionnaire because it was a
subsequent transferee of Registrable Notes after the Company mailed the Notice
and Questionnaire, the Company shall distribute a Notice and Questionnaire to
such Holders at the address set forth in the request and (y) upon receipt
of a properly completed Notice and Questionnaire from such Holder, the Company
shall use its commercially reasonable best efforts to name such Holder as a
selling securityholder in the Shelf Registration Statement by means of a
pre-effective amendment, by means of a post-effective amendment or, if
permitted by the SEC, by means of a Prospectus supplement to the Shelf
Registration Statement; provided, however, that the Company will
have no obligation to add Holders to the Shelf Registration Statement as
selling securityholders more frequently than once every 30 calendar days.

 

(e)                                  Blackout
Periods.  Notwithstanding anything to
the contrary contained in this Agreement, upon notice to Holders, the Company
shall be entitled to suspend its obligation to file any Shelf Registration
Statement, file any amendment to a Shelf Registration Statement, furnish any
supplement or amendment to a Prospectus included in a Shelf Registration
Statement, make any other filing with the SEC not otherwise required to be
filed, cause any Shelf Registration Statement or other filing with the SEC to
become or remain effective or suspend the use of the Prospectus included in any
Shelf Registration Statement in the event that and for a period of time (provided,
that the Company and the Guarantors shall have used their commercially
reasonable best efforts to file such Shelf Registration Statement or cause such
Shelf Registration Statement to be declared effective, as applicable) (a “Blackout Period”) not
to exceed more than 60 consecutive days or

 

10

 

an aggregate of 90 days in any 12-month
period if the board of directors of the Company determines in good faith that (i) the
disclosure of an event, occurrence or other item at such time (that would not
otherwise be required to be disclosed) required to be disclosed in the
Prospectus or Shelf Registration Statement to permit the use thereof could
reasonably be expected to have a material adverse effect on the business,
operations or prospects of the Company and the Guarantors, taken as a whole, (ii) the
disclosure otherwise relates to a material corporate development or other
business transaction (including any financing, offering, acquisition, corporate
reorganization or other significant transaction) involving the Company or any
of its direct or indirect subsidiaries which has not been publicly disclosed
(and is not otherwise required to be disclosed), disclosure of which would be
materially adverse to the Company’s interests or (iii) changes in the
Registration Statement or related prospectus are required so that, as of such
date, such Registration Statement or prospectus does not include an untrue
statement of material fact or omit to state a material fact necessary to make
the statements therein (in the case of the Prospectus, in the light of the circumstances
under which they were made) not misleading (provided, that nothing in
this clause (iii) shall relieve the Company of its obligation to promptly
update any such document to the extent provided elsewhere in this Agreement).

 

4.                                       Additional
Interest

 

(a)                                  The Company and
each Guarantor acknowledge and agree that the Holders of Registrable Notes will
suffer damages if the Company or any Guarantor fails to fulfill its material
obligations under Section 2 or Section 3 hereof, or
under Section 2 of the Equity Registration Rights Agreement, and that it
would not be feasible to ascertain the extent of such damages with
precision.  Accordingly, the Company and
the Guarantors agree to pay additional cash interest on the Notes (“Additional Interest”)
under the circumstances and to the extent set forth below (each of which shall
be given independent effect):

 

(i)                                     if (A) neither
the Exchange Offer Registration Statement nor the Initial Shelf Registration
Statement has been filed with the SEC on or prior to the Filing Date or (B) notwithstanding
that the Company has consummated or will consummate an Exchange Offer, the
Company is required to file a Shelf Registration Statement and such Shelf
Registration Statement is not filed on or prior to the date required by this Agreement,
then, commencing on the day after either such required filing date, Additional
Interest shall accrue on the principal amount of the Notes that have not been
exchanged for Exchange Notes over and above any stated interest at a rate of
2.0% per annum immediately following such required filing date, subject to the
provisos in the last sentence of this paragraph;

 

(ii)                                  if (A) neither
the Exchange Offer Registration Statement nor the Initial Shelf Registration
Statement is declared effective by the SEC on or prior to the Effective Date or
(B) notwithstanding that the Company has consummated or will consummate an
Exchange Offer, the Company is 

 

11

 

required to file a Shelf Registration Statement and
such Shelf Registration Statement is not declared effective by the SEC on or
prior to the 90th day (or the 180th day, in the event a Shelf Notice is
delivered pursuant to Section 2(h)(i)) following the date such
Shelf Registration Statement was filed, then, commencing on the day after
either such required effective date, Additional Interest shall accrue on the
principal amount of the Notes over and above any stated interest at a rate of
2.0% per annum immediately following such required effective date, subject to
the provisos in the last sentence of this paragraph;

 

(iii)                               if (A) the
Company (and any Guarantor) has not exchanged Exchange Notes for all Notes
validly tendered and not withdrawn in accordance with the terms of the Exchange
Offer on or prior to the date that is 50 days after the effective date of the
Exchange Offer Registration Statement, (B) if applicable, a Shelf
Registration Statement has been declared effective and such Shelf Registration
Statement ceases to be effective or usable in connection with resales of the
Registrable Notes in accordance with and during the periods specified in this
Agreement, as applicable, at any time during the period described in Section 3(a) (other
than during a Blackout Period or after such time as all Registrable Notes have
been disposed of thereunder) or (C) the Company issues a valid notice to
suspend the use of the Prospectus included in any Shelf Registration Statement
and such suspension, when taken together with all other suspensions, if any
(but solely to the extent not concurrent), during any 12-month period exceeds
90 days, then, in each case, Additional Interest shall accrue on the principal
amount of the Notes over and above any stated interest at a rate of 2.0% per
annum commencing on (x) the 51st day after
such effective date, in the case of clause (A) above, (y) the day
such Shelf Registration Statement ceases to be effective or useable, in the
case of clause (B) above, or (z) the day the Prospectus in any Shelf
Registration Statement is suspended for any period in excess of 90 days during
any 12-month period, in the case of clause (C) above, subject to the
provisos in the last sentence of this paragraph; or

 

(iv)                              as set forth in
Section 3 of the Equity Registration Rights Agreement.

 

provided, however,
that Additional Interest will not accrue under more than one of the foregoing
clauses (i), (ii), (iii) or (iv) at any one time; provided  further,
however, that the amount of Additional Interest accruing on the Notes
shall not exceed 2.0% per annum; and provided  further, however,
that (1) upon the filing of the Exchange Offer Registration Statement,
Initial Shelf Registration Statement or Shelf Registration Statement (in the
case of clause (i) above), (2) upon the effectiveness of the Exchange
Offer Registration Statement or Shelf Registration Statement (in the case of
clause (ii) above), (3) upon the exchange of Exchange Notes for all
Notes validly tendered and not withdrawn (in the case of clause (iii)(A) above),
(4) upon the effectiveness of a Shelf Registration Statement which had
ceased to remain effective (in the case of clause (iii)(B) above), (5) upon
the 

 

12

 

day
the Prospectus in any Shelf Registration Statement the use of which was
previously suspended may be used again (in the case of clause (iii)(C) above),
or (6) as otherwise set forth in the Equity Registration Rights Agreement
(in the case of clause (iv) above), Additional Interest on the Notes as a
result of such clause (or the relevant subclause thereof), as the case may be,
shall cease to accrue.

 

(b)                                 The Company
shall notify the Trustee within five Business Days after each and every date on
which an event occurs in respect of which Additional Interest is required to be
paid (an “Event Date”).  Any amounts of Additional Interest due
pursuant to clause (a)(i), (a)(ii), (a)(iii) or (a)(iv) of this Section 4
will be payable in the form, on the dates and in the manner provided in the
Indenture and whether or not any interest would then be payable on such date,
commencing with the first such quarterly date occurring after any such
Additional Interest commences to accrue. 
The amount of Additional Interest will be determined by multiplying the
applicable Additional Interest rate by the principal amount of the Notes,
multiplied by a fraction, the numerator of which is the number of days such
Additional Interest rate was applicable during such period (determined on the
basis of a 360-day year comprised of twelve 30-day months and, in the case of a
partial month, the actual number of days elapsed), and the denominator of which
is 360.

 

5.                                       Registration
Procedures

 

In connection with the
filing of any Registration Statement pursuant to Section 3 hereof,
the Company shall (and shall cause each Guarantor to) effect such registrations
to permit the sale of such securities covered thereby in accordance with the
intended method or methods of disposition thereof, and pursuant thereto and in
connection with any Registration Statement filed by the Company hereunder, the Company
shall (and shall cause each Guarantor to):

 

(a)                                  Prepare and
file with the SEC as soon as practicable after the date hereof but in any event
on or prior to the Filing Date, the Exchange Offer Registration Statement, or
if the Exchange Offer Registration Statement is not filed because of the
circumstances contemplated by Section 2(h) or is otherwise
required to be filed because of the circumstances contemplated by Section 2(h),
a Shelf Registration Statement as prescribed by Section 3, and use
its commercially reasonable best efforts to cause each such Registration
Statement to become effective and remain effective as provided herein; provided
that, if (i) a Shelf Registration Statement is filed pursuant to Section 3
or (ii) a Prospectus contained in an Exchange Offer Registration Statement
filed pursuant to Section 2 is required to be delivered under the
Securities Act by any Participating Broker-Dealer who seeks to sell Exchange
Notes during the Applicable Period, before filing any Registration Statement or
Prospectus or any amendments or supplements thereto the Company shall (and
shall cause each Guarantor to) provide reasonable advance notice thereof to the
Majority Backstop Purchasers and, if requested, furnish at no charge to the
Holders of the Registrable Notes to be registered pursuant to such Registration
Statement (and to a single counsel for such Holders), each Participating
Broker-Dealer (and to its counsel) and the 

 

13

 

managing underwriters (and to their counsel),
if any, a reasonable opportunity to review copies of all such documents
(including copies of any documents to be incorporated by reference therein and
all exhibits thereto) proposed to be filed (in each case at least five Business
Days prior to such filing).  The Company
and each Guarantor shall not file (and shall not allow any of the other
Guarantors to) any such Registration Statement or Prospectus or any amendments
or supplements thereto in respect of which the Holders must provide information
for the inclusion therein without such Holders being afforded an opportunity to
review such documentation if the holders of a majority in aggregate principal
amount of the Registrable Notes covered by such Registration Statement, or any
such Participating Broker-Dealer, as the case may be, or the managing
underwriters, if any, or any of their respective counsel shall reasonably
object in writing on a timely basis.

 

(b)                                 Provide an
indenture trustee for the Registrable Notes or the Exchange Notes, as the case
may be, and cause the Indenture (or other indenture relating to the Registrable
Notes) to be qualified under the TIA not later than the effective date of the
first Registration Statement; and in connection therewith, to effect such
changes to such indenture as may be required for such indenture to be so
qualified in accordance with the terms of the TIA; and execute, and use its
commercially reasonable best efforts to cause such trustee to execute, all
documents as may be required to effect such changes, and all other forms and
documents required to be filed with the SEC to enable such indenture to be so
qualified in a timely manner.

 

(c)                                  Prepare and
file with the SEC such pre-effective amendments and post-effective amendments
to each Shelf Registration Statement or Exchange Offer Registration Statement,
as the case may be, as may be necessary to keep such Registration Statement
continuously effective for the period described in Section 3(a) or
the Applicable Period, as the case may be; cause the related Prospectus to be
supplemented by any Prospectus supplement required by applicable law, and as so
supplemented to be filed pursuant to Rule 424; promptly amend or
supplement each such Registration Statement to include the Company’s quarterly
and annual financial information and other material developments (unless or
until the Company is eligible to incorporate such information by reference into
the Registration Statement), during which time sales of the Registrable Notes
under the Registration Statement will be suspended until such amendment or
supplement is filed and effective; and comply with the provisions of the
Securities Act and the Exchange Act applicable to them with respect to the
disposition of all securities covered by such Registration Statement as so
amended or in such Prospectus as so supplemented and with respect to the
subsequent resale of any securities being sold by a Participating Broker-Dealer
covered by any such Prospectus.  The
Company and each Guarantor shall not (and shall not allow any other Guarantor
to), during the period described in Section 3(a) or the
Applicable Period, as the case may be, voluntarily take any action that would
reasonably be expected to result in selling Holders of the Registrable Notes
covered by a Registration Statement or Participating Broker-Dealers seeking to
sell Exchange Notes not being able to sell such Registrable Notes or such
Exchange Notes 

 

14

 

during that period, unless such action is
required by applicable law, rule or regulation or permitted by this
Agreement.

 

(d)                                 Furnish to such
selling Holders and Participating Broker-Dealers who so request in writing (i) upon
the Company’s receipt, a copy of the order of the SEC declaring such
Registration Statement and any post effective amendment thereto effective, (ii) such
reasonable number of copies of such Registration Statement and of each
amendment and supplement thereto (in each case including any documents
incorporated therein by reference and all exhibits), (iii) such reasonable
number of copies of the Prospectus included in such Registration Statement
(including each preliminary Prospectus), any Issuer Free Writing Prospectus and
each amendment and supplement thereto, and such reasonable number of copies of
the final Prospectus as filed by the Company and each Guarantor pursuant to Rule 424(b),
in conformity with the requirements of the Securities Act and each amendment
and supplement thereto, and (iv) such other documents (including any
amendments required to be filed pursuant to clause (c) of this Section 5),
as any such Person may reasonably request in writing.  The Company and the Guarantors hereby consent
to the use of the Prospectus (including each preliminary Prospectus) and any
Issuer Free Writing Prospectus by each of the selling Holders of Registrable
Notes or each such Participating Broker-Dealer, as the case may be, and the
underwriters or agents, if any, and dealers, if any, in connection with the
offering and sale of the Registrable Notes covered by, or the sale by
Participating Broker-Dealers of the Exchange Notes pursuant to, such Prospectus
and any amendment or supplement thereto.

 

(e)                                  If (i) a
Shelf Registration Statement is filed pursuant to Section 3, or (ii) a
Prospectus contained in an Exchange Offer Registration Statement filed pursuant
to Section 2 is required to be delivered under the Securities Act
by any Participating Broker-Dealer who seeks to sell Exchange Notes during the
Applicable Period relating thereto, the Company shall notify in writing the
selling Holders of Registrable Notes, or each such Participating Broker-Dealer,
as the case may be, and the managing underwriters, if any, and each of their
respective counsel promptly (but in any event within five Business Days) (A) when
a Prospectus or any Prospectus supplement or post-effective amendment has been
filed, and, with respect to a Registration Statement or any post-effective
amendment, when the same has become effective (including in such notice a
written statement that any Holder may, upon request, obtain, without charge,
one conformed copy (which may be in electronic format) of such Registration
Statement or post-effective amendment including financial statements and
schedules, documents incorporated or deemed to be incorporated by reference and
exhibits), (B) of the issuance by the SEC of any stop order suspending the
effectiveness of a Registration Statement or of any order preventing or
suspending the use of any Prospectus or the initiation of any proceedings for
that purpose, (C) intentionally omitted, (D) of the receipt by the
Company or any Guarantor of any notification with respect to the suspension of
the qualification or exemption from qualification of a Registration Statement
or any of the Registrable Notes or the Exchange Notes to be sold by any
Participating Broker-Dealer for offer or sale in 

 

15

 

any jurisdiction, or the initiation or
threatening of any proceeding for such purpose, (E) of the happening of
any event, the existence of any condition of any information becoming known
that makes any statement made in such Registration Statement or related
Prospectus or any Issuer Free Writing Prospectus or any document incorporated
or deemed to be incorporated therein by reference untrue in any material
respect or that requires the making of any changes in, or amendments or
supplements to, such Registration Statement, Prospectus, Issuer Free Writing
Prospectus or documents so that, in the case of the Registration Statement and
the Prospectus, it will not contain any untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they
were made, not misleading, (F) of any reasonable determination by the
Company or any Guarantor that a post-effective amendment to a Registration
Statement would be appropriate and (G) of any request by the SEC for
amendments to the Registration Statement or supplements to the Prospectus or
for additional information relating thereto.

 

(f)                                    Use its
commercially reasonable best efforts to prevent the issuance of any order
suspending the effectiveness of a Registration Statement or of any order
preventing or suspending the use of a Prospectus or suspending the
qualification (or exemption from qualification) of any of the Registrable Notes
or the Exchange Notes to be sold by any Participating Broker-Dealer, for sale
in any jurisdiction, and, if any such order is issued, to use its commercially
reasonable best efforts to obtain the withdrawal of any such order at the
earliest possible date.

 

(g)                                 If (i) a
Shelf Registration Statement is filed pursuant to Section 3, (ii) a
Prospectus contained in an Exchange Offer Registration Statement filed pursuant
to Section 2 is required to be delivered under the Securities Act
by any Participating Broker-Dealer who seeks to sell Exchange Notes during the
Applicable Period or (iii) reasonably requested in writing by the managing
underwriters, if any, or the Holders of a majority in aggregate principal
amount of the Registrable Notes being sold, (A) promptly incorporate in a
Prospectus supplement or post-effective amendment such information or revisions
to information therein relating to such underwriters or selling Holders as the
managing underwriters, if any, or such Holders or any of their respective
counsel reasonably request in writing to be included or made therein and (B) make
all required filings of such Prospectus supplement or such post-effective
amendment as soon as practicable after the Company has received notification of
the matters to be incorporated in such Prospectus supplements or post-effective
amendment.

 

(h)                                 Prior to any
public offering of Registrable Notes or any delivery of a Prospectus contained
in the Exchange Offer Registration Statement by any Participating Broker-Dealer
who seeks to sell Exchange Notes during the Applicable Period, use its
commercially reasonable best efforts to register or qualify, and cooperate with
the selling Holders of Registrable Notes or each such Participating
Broker-Dealer, as the case may be, the underwriters, if any, and their
respective counsel in connection with the registration or qualification (or
exemption from such 

 

16

 

registration or qualification) of such
Registrable Notes or Exchange Notes, as the case may be, for offer and sale
under the securities or Blue Sky laws of such jurisdictions within the United
States as any selling Holder, Participating Broker-Dealer or any managing
underwriter or underwriters, if any, reasonably request in writing; if Exchange
Notes held by Participating Broker-Dealers or Registrable Notes are offered
other than through an underwritten offering, the Company and each Guarantor
shall cause its counsel to perform Blue Sky investigations and file any
registrations and qualifications required to be filed pursuant to this Section 5(h);
use its commercially reasonable best efforts to keep each such registration or qualification
(or exemption therefrom) effective during the period such Registration
Statement is required to be kept effective; and use its commercially reasonable
best efforts to do any and all other acts or things reasonably necessary or
advisable to enable the disposition in such jurisdictions of the Exchange Notes
held by Participating Broker-Dealers or the Registrable Notes covered by the
applicable Registration Statement; provided that neither the Company nor
any Guarantor shall be required to (i) qualify generally to do business in
any jurisdiction where it is not then so qualified, (ii) take any action
that would subject it to general service of process in any such jurisdiction
where it is not then so subject or (iii) subject itself to taxation in any
such jurisdiction where it is not then so subject.

 

(i)                                     If (i) a
Shelf Registration Statement is filed pursuant to Section 3 or (ii) a
Prospectus contained in an Exchange Offer Registration Statement filed pursuant
to Section 2 is requested to be delivered under the Securities Act
by any Participating Broker-Dealer who seeks to sell Exchange Notes during the
Applicable Period, cooperate with the selling Holders of Registrable Notes and
the managing underwriter or underwriters, if any, to facilitate the timely
preparation and delivery of certificates representing Registrable Notes to be
sold, which certificates shall not bear any restrictive legends and shall be in
a form eligible for deposit with The Depository Trust Company, and enable such
Registrable Notes to be in such denominations and registered in such names as
the managing underwriter or underwriters, if any, or Holders may reasonably
request in writing.

 

(j)                                     Use its
commercially reasonable best efforts to cause the Registrable Notes covered by
any Registration Statement to be registered with or approved by such United
States governmental agencies or authorities as may be necessary to enable the
seller or sellers thereof or the underwriter, if any, to consummate the
disposition of such Registrable Notes, except as may be required solely as a
consequence of the nature of such selling Holder’s business, in which case the
Company shall (and shall cause each Guarantor to) cooperate (at such selling
Holder’s expense) in all reasonable respects with the filing of such
Registration Statement and the granting of such approvals; provided that
neither the Company nor any Guarantor shall be required to (i) qualify
generally to do business in any jurisdiction where it is not then so qualified,
(ii) take any action that would subject it to general service of process
in any jurisdiction where it is not then so 

 

17

 

subject or (iii) subject itself to
taxation in any such jurisdiction where it is not then so subject.

 

(k)                                  If (i) a
Shelf Registration Statement is filed pursuant to Section 3, or (ii) a
Prospectus contained in an Exchange Offer Registration Statement filed pursuant
to Section 2 is required to be delivered under the Securities Act
by any Participating Broker-Dealer who seeks to sell Exchange Notes during the
Applicable Period, upon the occurrence of any event contemplated by Section 5(e)(E) or
Section 5(e)(F) hereof, as promptly as practicable, prepare
and file with the SEC, at the expense of the Company and the Guarantors, a
supplement or post-effective amendment to the Registration Statement or a
supplement to the related Prospectus or any Issuer Free Writing Prospectus or
any document incorporated or deemed to be incorporated therein by reference, or
file any other required document so that, as thereafter delivered to the
purchasers of the Registrable Notes being sold thereunder or to the purchasers
of the Exchange Notes to whom such Prospectus or Issuer Free Writing Prospectus
will be delivered by a Participating Broker-Dealer, such Prospectus or Issuer
Free Writing Prospectus will not contain an untrue statement of a material fact
or omit to state a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they
were made, not misleading, and, if SEC review is required, use its commercially
reasonable best efforts to cause such post-effective amendment to be declared
effective as soon as possible.

 

(l)                                     Intentionally
omitted.

 

(m)                               Prior to the
initial issuance of the Exchange Notes, (i) provide the Trustee with one
or more certificates for the Registrable Notes in a form eligible for deposit
with The Depository Trust Company and (ii) provide a CUSIP number for the
Exchange Notes.

 

(n)                                 If a Shelf
Registration Statement is filed pursuant to Section 3, enter into
such agreements (including an underwriting agreement in form, scope and
substance as is customary in underwritten offerings of debt securities similar
to the Registrable Notes, as may be appropriate in the circumstances) and take
all such other actions in connection therewith (including those reasonably
requested in writing by the managing underwriters, if any, or the Holders of a
majority in aggregate principal amount of the Registrable Notes being sold) as
is customary in offerings of debt securities similar to the Registrable Notes
as may be appropriate in connection therewith in order to expedite or
facilitate the registration or the disposition of such Registrable Notes, and
in such connection, whether or not an underwriting agreement is entered into
and whether or not the registration is an underwritten registration (except as
set forth below), (i) make such representations and warranties to the
underwriters, if any, with respect to the business of the Company and its
subsidiaries as then conducted, and the Registration Statement, Prospectus,
Issuer Free Writing Prospectus and documents, if any, incorporated or deemed to
be incorporated by reference therein, in each case, in form, substance and
scope as 

 

18

 

are customarily made by issuers to
underwriters in offerings of debt securities similar to the Registrable Notes,
as may be appropriate in the circumstances; (ii) use commercially reasonable
best efforts to obtain an opinion of counsel to the Company and the Guarantors
and updates thereof (which counsel and opinions (in form, scope and substance)
shall be reasonably satisfactory to the managing underwriters, if any, or the
Holders of a majority in aggregate principal amount of the Registrable Notes
being sold), addressed to each selling Holder and each of the underwriters, if
any, covering the matters customarily covered in opinions of counsel to the
Company and the Guarantors requested in offerings of debt securities similar to
the Registrable Notes, as may be appropriate in the circumstances; (iii) use
commercially reasonable best efforts to obtain “cold comfort” letters and
updates thereof (which letters and updates (in form, scope and substance) shall
be reasonably satisfactory to the managing underwriters, if any, or the Holders
of a majority in aggregate principal amount of the Registrable Notes being
sold) from the independent certified public accountants of the Company and the Guarantors
(and, if necessary, any other independent certified public accountants of any
subsidiary of the Company or of any business acquired by the Company for which
financial statements and financial data are, or are required to be, included in
the Registration Statement), addressed to each of the underwriters, if any, or
the Holders of a majority in aggregate principal amount of the Registrable
Notes being sold, such letters to be in customary form and covering matters of
the type customarily covered in “cold comfort” letters in connection with
offerings of debt securities similar to the Notes, as may be appropriate in the
circumstances, and such other matters as reasonably requested in writing by the
underwriters, if any, or such Holders; and (iv) deliver such documents and
certificates as may be reasonably requested in writing by the Holders of a
majority in aggregate principal amount of the Registrable Notes being sold or
the managing underwriters, if any, to evidence the continued validity of the representations
and warranties of the Company and its subsidiaries made pursuant to clause (i) above
and to evidence compliance with any conditions contained in the underwriting
agreement or other similar agreement entered into by the Company or any
Guarantor.

 

(o)                                 If (i) a
Shelf Registration Statement is filed pursuant to Section 3, or (ii) a
Prospectus contained in an Exchange Offer Registration Statement filed pursuant
to Section 2 is required to be delivered under the Securities Act
by any Participating Broker-Dealer who seeks to sell Exchange Notes during the
Applicable Period, make available for inspection by a representative of the
Holders of such Registrable Notes being sold (as selected by the Holders of a
majority in aggregate principal amount of the Registrable Notes being sold),
and a representative of each such Participating Broker-Dealer, as the case may
be, any underwriter participating in any such disposition of Registrable Notes,
if any, and any attorney, accountant or other agent retained by any such
selling Holders (as selected by a majority in aggregate principal amount of the
Registrable Notes being sold) or each such Participating Broker-Dealer, as the
case may be, or underwriter (collectively, the “Inspectors”), at the offices where
normally kept, with reasonable advance notice and during reasonable business
hours, all financial 

 

19

 

and other records and pertinent corporate
documents of the Company and its subsidiaries (collectively, the “Records”) as shall be
reasonably necessary to enable them to exercise any applicable due diligence
responsibilities, and cause the officers, directors and employees of the
Company and its subsidiaries to supply all information reasonably requested in
writing by any such Inspector in connection with such Registration
Statement.  Each Inspector shall agree in
writing that it will keep the Records confidential and not disclose any of the
Records unless (A) the disclosure of such Records is, in the opinion of
counsel to such Inspector, necessary to avoid or correct a misstatement or
omission in such Registration Statement, (B) the release of such Records
is ordered pursuant to a subpoena or other order from a court of competent
jurisdiction, (C) the information in such Records is public or has been
made generally available to the public other than as a result of a disclosure
or failure to safeguard by such Inspector or (D) disclosure of such
information is, in the opinion of counsel for any Inspector, necessary or advisable
in connection with any action, claim, suit or proceeding, directly or
indirectly, involving such Inspector and arising out of, based upon, related
to, or involving this Agreement, or any transaction contemplated hereby or
arising hereunder.  Each selling Holder
of such Registrable Notes and each such Participating Broker-Dealer will be
required to agree that information obtained by it as a result of such
inspections shall be deemed confidential and shall not be used by it as the
basis for any market transactions in the securities of the Company unless and
until such information is made generally available to the public.  Each Inspector, each selling Holder of such
Registrable Notes and each such Participating Broker-Dealer will be required to
further agree that it will, upon learning that disclosure of such Records is
sought in a court of competent jurisdiction, give reasonable advance notice to
the Company and, to the extent practicable, use its commercially reasonable
best efforts to allow the Company, at its expense, to undertake appropriate
action to prevent disclosure of the Records deemed confidential at its expense.

 

(p)                                 Prepare and
file in a timely manner all documents and reports required to be filed by the
Company pursuant to the Exchange Act and, to the extent the Company’s
obligation to file such reports pursuant to Section 15(d) of the
Exchange Act expires before the expiration of the effectiveness period of the
Registration Statement as required by Section 3(a), the Company
shall register the Registrable Notes and the Exchange Notes under the Exchange
Act and shall maintain such registration through the effectiveness period
required by Section 3(a).

 

(q)                                 Otherwise use
its commercially reasonable best efforts to comply in all material respects
with all applicable rules and regulations of the SEC and make generally
available to the security holders of the Company with regard to any applicable
Registration Statement earning statements satisfying the provisions of section
11(a) of the Securities Act and Rule 158.

 

(r)                                    Upon
consummation of an Exchange Offer, use its commercially reasonable best efforts
to obtain an opinion of counsel to the Company and the Guarantors (in form,
scope and substance reasonably satisfactory to the Majority Backstop

 

20

 

Purchasers), addressed to the Trustee for the
benefit of all Holders participating in the Exchange Offer, to the effect that (i) the
Company and the Guarantors have duly authorized, executed and delivered the
Exchange Notes and the Indenture, (ii) the Exchange Notes and the
Indenture constitute legal, valid and binding obligations of the Company and
the Guarantors, enforceable against the Company and the Guarantors in
accordance with their respective terms, except as such enforcement may be
subject to customary United States and foreign exceptions and (iii) all
obligations of the Company and the Guarantors under the Exchange Notes and the
Indenture are secured by Liens (as defined in the Indenture) on the assets
securing the obligations of the Company and the Guarantors under the Notes, the
Indenture and the Collateral Documents (as defined in the Indenture) to the
extent and as discussed in the Registration Statement, in each case, subject to
customary assumptions, limitations, reliances and qualifications.

 

(s)                                  If the Exchange
Offer is to be consummated, upon delivery of the Notes by the Holders to the
Company and the Guarantors (or to such other Person as directed by the Company
and the Guarantors) in exchange for the Exchange Notes, the Company and the Guarantors
shall mark, or cause to be marked, on such Notes that the Exchange Notes are
being issued as substitute evidence of the indebtedness originally evidenced by
the Notes; provided that in no event shall such Notes be marked as paid
or otherwise satisfied.

 

(t)                                    Cooperate with
each seller of Registrable Notes covered by any Registration Statement and each
underwriter, if any, participating in the disposition of such Registrable Notes
and their respective counsel in connection with any filings required to be made
with the FINRA.

 

The Company may require the
Holders or Participating Broker-Dealers to furnish to the Company such
information regarding the Holder or Participating Broker-Dealer and the
proposed distribution by such Holder or Participating Broker-Dealers as the
Company may from time to time reasonably request in writing or as shall be
required to effect the registration of the Registrable Notes, and no Holder
shall be entitled to be named as a selling stockholder in any Registration
Statement and no Holder or Participating Broker-Dealers shall be entitled to
use the Prospectus forming a part thereof if such Holder or Participating
Broker-Dealers does not provide such information to the Company.  Each Holder and Participating Broker-Dealer
further agrees to furnish promptly to the Company in writing all information
required from time to time to make the information previously furnished by such
Holder or Participating Broker-Dealers not misleading.

 

Each Holder of Registrable
Notes and each Participating Broker-Dealer agrees by acquisition of such
Registrable Notes or Exchange Notes to be sold by such Participating
Broker-Dealer, as the case may be, that, upon receipt of any notice from the
Company of the happening of any event of the kind described in Section 3(e),
5(e)(B), 5(e)(D), 5(e)(E), 5(e)(F) or 5(e)(G),
such Holder will forthwith discontinue disposition of such Registrable Notes
covered by a Registration Statement and such Participating Broker-Dealer will
forthwith discontinue disposition of such Exchange Notes pursuant to any
Prospectus and, in each case, forthwith discontinue dissemination of such
Prospectus until such Holder’s or Participating Broker-

 

21

 

Dealer’s
receipt of the copies of the supplemented or amended Prospectus contemplated by
Section 5(k), or until it is advised in writing (the “Advice”) by the Company and the
Guarantors that the use of the applicable Prospectus may be resumed, and has
received copies of any amendments or supplements thereto and, if so directed by
the Company and the Guarantors, such Holder or Participating Broker-Dealer, as
the case may be, will deliver to the Company all copies, other than permanent
file copies, then in such Holder’s or Participating Broker-Dealer’s possession,
of the Prospectus covering such Registrable Notes current at the time of the
receipt of such notice.  In the event the
Company and the Guarantors shall give any such notice, the Applicable Period
shall be extended by the number of days during such periods from and including
the date of the giving of such notice to and including the date when each
Participating Broker-Dealer shall have received (x) the copies of the
supplemented or amended Prospectus contemplated by Section 5 (k) or (y) the
Advice.

 

Each Holder and
Participating Broker-Dealer agrees with the Company that it will not prepare or
have prepared on its behalf or use or refer to, any Free Writing Prospectus,
and will not distribute any written materials in connection with the offer or
sale of the Registrable Notes or the Exchange Notes without the prior express
written consent of the Company and, in connection with any underwritten
offering, the underwriters.  Any such
Free Writing Prospectus consented to by the Company and the underwriters, as
the case may be, is hereinafter referred to as a “Permitted Free Writing
Prospectus.”  The Company represents and
agrees that it has treated and will treat, as the case may be, each Permitted
Free Writing Prospectus as an Issuer Free Writing Prospectus, including in
respect of timely filing with the SEC, legending and record keeping.

 

6.                                       Registration
Expenses

 

(a)                                  All fees and
expenses incident to the performance of or compliance with this Agreement by
the Company and the Guarantors shall be borne by the Company and the
Guarantors, whether or not the Exchange Offer or a Shelf Registration Statement
is filed or becomes effective, including, without limitation, (i) all
registration and filing fees, including, without limitation, (A) fees with
respect to filings required to be made with FINRA in connection with any
underwritten offering and (B) fees and expenses of compliance with state
securities or Blue Sky laws as provided in Section 5(h) hereof
(including, without limitation, reasonable and documented fees and
disbursements of counsel in connection with Blue Sky qualifications of the
Registrable Notes or Exchange Notes and determination of the eligibility of the
Registrable Notes or Exchange Notes for investment under the laws of such jurisdictions
(x) where the Holders are located, in the case of the Exchange Notes, or (y) as
provided in Section 5(h), in the case of Registrable Notes or
Exchange Notes to be sold by a Participating Broker-Dealer during the
Applicable Period), (ii) printing expenses, including, without limitation,
expenses of printing Prospectuses if the printing of Prospectuses is requested
by the managing underwriter or underwriters, if any, or by the Holders of a
majority in aggregate principal amount of the Registrable Notes included in any
Registration Statement or by any Participating Broker-Dealer during the
Applicable Period, as the case may be, (iii) messenger, telephone and
delivery expenses incurred in connection with the performance of their
obligations 

 

22

 

hereunder, (iv) fees and disbursements
of counsel for the Company, the Guarantors and, subject to Section 6(b),
the Holders, (v) fees and disbursements of all independent certified
public accountants referred to in Section 5 (including, without
limitation, the expenses of any special audit and “cold comfort” letters
required by or incident to such performance), (vi) rating agency fees and
the fees and expenses incurred in connection with the listing of the Securities
to be registered on any securities exchange, (vii) Securities Act
liability insurance, if the Company and the Guarantors desire such insurance, (viii) fees
and expenses of all other Persons retained by the Company and the Guarantors, (ix) fees
and expenses of any “qualified independent underwriter” or other independent
appraiser participating in an offering in accordance with FINRA Rules, but only
where the need for such a “qualified independent underwriter” arises due to a
relationship with the Company and the Guarantors, (x) internal expenses of
the Company and the Guarantors (including, without limitation, all salaries and
expenses of officers and employees of the Company or the Guarantors performing
legal or accounting duties), (xi) the expense of any annual audit, (xii) the
fees and expenses of the Trustee and the exchange agent and (xiii) the expenses
relating to printing, word processing and distributing all Registration
Statements, underwriting agreements, securities sales agreements, indentures and
any other documents necessary in order to comply with this Agreement.

 

(b)                                 The Company and
the Guarantors shall reimburse the Holders for the reasonable and documented
fees and disbursements of not more than one counsel chosen by the Holders of a
majority in aggregate principal amount of the Registrable Notes to be included
in any Registration Statement.  The
Company and the Guarantors shall pay all documentary, stamp, transfer or other
transactional taxes attributable to the issuance or delivery of the Exchange
Notes in exchange for the Notes; provided that the Company shall not be
required to pay taxes payable in respect of any transfer involved in the
issuance or delivery of any Exchange Note in a name other than that of the
Holder of the Note in respect of which such Exchange Note is being issued.  The Company and the Guarantors shall
reimburse the Holders for the reasonable and documented fees and expenses
(including reasonable fees and expenses of not more than one counsel to the
Holders) relating to any enforcement of any rights of the Holders under this
Agreement.

 

7.                                       Indemnification

 

(a)                                  Indemnification
by the Company and the Guarantors.  The Company and the Guarantors jointly and
severally agree to indemnify and hold harmless the Backstop Purchasers, each
Holder of Registrable Notes or Exchange Notes and each Participating
Broker-Dealer selling Exchange Notes during the Applicable Period, each Person,
if any, who controls each such Person (within the meaning of Section 15 of
the Securities Act or Section 20(a) of the Exchange Act) and the
officers, directors and partners of each such Person, Participating
Broker-Dealer and controlling person, to the fullest extent lawful, from and
against any and all losses, claims, damages, liabilities, costs (including,
without limitation, reasonable and documented costs of preparation and
reasonable attorneys’ fees as 

 

23

 

provided in this Section 7) and
expenses (including, without limitation, reasonable costs and expenses incurred
in connection with investigating, preparing, pursuing or defending against any
of the foregoing) (collectively, “Losses”), as incurred, directly or indirectly
caused by, related to, based upon, arising out of or in connection with any
untrue statement or alleged untrue statement of a material fact contained in
any Registration Statement, Prospectus or Issuer Free Writing Prospectus (as
amended or supplemented), or in any preliminary prospectus or any other
document prepared by the Company and used to sell the Registrable Notes, or any
omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading, except insofar as
such Losses are based upon information relating to such Person or Participating
Broker-Dealer and furnished in writing to the Company and the Guarantors (or
reviewed and approved in writing) by such Person or Participating Broker-Dealer
or their counsel expressly for use therein; provided, however,
that the Company and the Guarantors will not be liable to any Indemnified Party
(as defined below) under this Section 7 to the extent Losses were
caused by an untrue statement or omission or alleged untrue statement or
omission that was contained or made in any preliminary prospectus and corrected
in the Prospectus or any amendment or supplement thereto if (i) the
Prospectus does not contain any other untrue statement or omission or alleged
untrue statement or omission of a material fact that was the subject matter of
the related proceedings, (ii) any such Losses resulted from an action,
claim or suit by any Person who purchased Registrable Notes or Exchange Notes
which are the subject thereof from such Indemnified Party and (iii) it is
established in the related proceeding that such Indemnified Party failed to
deliver or provide a copy of the Prospectus (as amended or supplemented) to
such Person with or prior to the confirmation of the sale of such Registrable
Notes or Exchange Notes sold to such Person if required by applicable law,
unless such failure to deliver or provide a copy of the Prospectus (as amended
or supplemented) was a result of noncompliance by the Company with Section 5
of this Agreement.  The Company and the
Guarantors also agree to indemnify underwriters, selling brokers, dealer
managers and similar securities industry professionals participating in the
distribution, their officers, directors, agents and employees and each Person
who controls such Persons (within the meaning of Section 15 of the
Securities Act or Section 20(a) of the Exchange Act) to the same
extent as provided above with respect to the indemnification of the Holders or
the Participating Broker-Dealer.

 

(b)                                 Indemnification
by Holder.  In
connection with any Registration Statement, Prospectus or Issuer Free Writing
Prospectus (as amended or supplemented), or any preliminary prospectus or any
other document prepared by the Company to sell the Registrable Notes in which a
Holder is participating, such Holder shall furnish to the Company and the
Guarantors in writing such information as the Company and the Guarantors
reasonably request for use in connection with any Registration Statement,
Prospectus or Issuer Free Writing Prospectus (as amended or supplemented), or
any preliminary prospectus or any other document prepared by the Company to
sell the Registrable Notes and shall indemnify and hold 

 

24

 

harmless the Company, the Guarantors, their
respective directors and officers and each Person, if any, who controls the
Company and the Guarantors (within the meaning of Section 15 of the
Securities Act and Section 20(a) of the Exchange Act), and the
directors, officers and partners of such controlling persons, to the fullest
extent lawful, from and against all Losses directly or indirectly caused by,
related to, based upon, arising out of or in connection with any untrue
statement or alleged untrue statement of a material fact contained in any
Registration Statement, Prospectus or Issuer Free Writing Prospectus (as
amended or supplemented), or in any preliminary prospectus or in any other
document prepared by the Company to sell the Registrable Notes, or any omission
or alleged omission to state therein a material fact required to be stated
therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading to the extent, but
only to the extent, that such untrue statement or alleged untrue statement of a
material fact or omission or alleged omission of a material fact was contained
in or omitted from any information so furnished in writing by such Holder to
the Company and the Guarantors expressly for use therein.  Notwithstanding the foregoing, in no event
shall the liability of any selling Holder be greater in amount than such Holder’s
Maximum Contribution Amount (as defined below).

 

(c)                                  Conduct of
Indemnification Proceedings.  If any proceeding shall be brought or asserted
against any Person entitled to indemnity hereunder (an “Indemnified Party”),
such Indemnified Party shall promptly notify the party or parties from which
such indemnity is sought (the “Indemnifying Party” or “Indemnifying Parties”, as applicable) in
writing; provided, that the failure to so notify the Indemnifying
Parties shall not relieve the Indemnifying Parties from any obligation or
liability except to the extent (but only to the extent) that the Indemnifying
Parties have been prejudiced materially by such failure.

 

The Indemnifying Party shall
have the right, exercisable by giving written notice to an Indemnified Party,
within 20 Business Days after receipt of written notice from such Indemnified
Party of such proceeding, to assume, at its expense, the defense of any such
proceeding; provided, that an Indemnified Party shall have the right to
employ separate counsel in any such proceeding and to participate in the
defense thereof, but the fees and expenses of such counsel shall be at the
expense of such Indemnified Party or Parties unless:  (i) the Indemnifying Party has agreed in
writing to pay such fees and expenses; or (ii) the Indemnifying Party
shall have failed promptly to assume the defense of such proceeding or shall
have failed to employ counsel reasonably satisfactory to such Indemnified
Party; or (iii) the named parties to any such proceeding (including any
impleaded parties) include both such Indemnified Party and the Indemnifying
Party or any of its affiliates or controlling persons, and such Indemnified
Party shall have been advised by counsel that there may be one or more defenses
available to such Indemnified Party that are in addition to, or in conflict
with, those defenses available to the Indemnifying Party or such affiliate or controlling
person (in which case, if such Indemnified Party notifies the Indemnifying
Parties in writing that it elects to employ separate counsel at the expense of
the Indemnifying 

 

25

 

Parties, the Indemnifying
Parties shall not have the right to assume the defense and the reasonable fees
and expenses of such counsel shall be at the expense of the Indemnifying Party;
it being understood, however, that, the Indemnifying Party shall not, in
connection with any one such proceeding or separate but substantially similar
or related proceedings in the same jurisdiction, arising out of the same
general allegations or circumstances, be liable for the fees and expenses of
more than one separate firm of attorneys (together with appropriate local
counsel) at any time for such Indemnified Party).

 

No Indemnifying Party shall
be liable for any settlement of any such proceeding effected without its
written consent, which shall not be unreasonably withheld, but if settled with
its written consent, or if there be a final judgment for the plaintiff in any
such proceeding, each Indemnifying Party jointly and severally agrees, subject
to the exceptions and limitations set forth above, to indemnify and hold
harmless each Indemnified Party from and against any and all Losses by reason
of such settlement or judgment.  The
Indemnifying Party shall not (without the written consent of such Indemnified
Party) consent to the entry of any judgment or enter into any settlement that
does not include as an unconditional term thereof the giving by the claimant or
plaintiff to each Indemnified Party of a release, in form and substance
reasonably satisfactory to the Indemnified Party, from all liability in respect
of such proceeding for which such Indemnified Party would be entitled to
indemnification hereunder (whether or not any Indemnified Party is a party
thereto).

 

(d)                                 Contribution.  If the indemnification provided for in this Section 7
is unavailable to an Indemnified Party or is insufficient to hold such
Indemnified Party harmless for any Losses in respect of which this Section 7
would otherwise apply by its terms (other than by reason of exceptions provided
in this Section 7), then each applicable Indemnifying Party, in
lieu of indemnifying such Indemnified Party, shall have a joint and several
obligation to contribute to the amount paid or payable by such Indemnified
Party as a result of such Losses (i) in such proportion as is appropriate
to reflect the relative benefits received by the Company and the Guarantors, if
any, from the offering of the Notes and the Exchange Notes, on the one hand,
and by the Holders from the offering of 
or the receiving Notes or Exchange Notes 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 the relative fault of the Indemnifying Party, on the one hand, and such
Indemnified Party, on the other hand, in connection with the actions,
statements or omissions that resulted in such Losses as well as any other
relevant equitable considerations. The relative fault of such Indemnifying
Party, on the one hand, and Indemnified Party, on the other hand, shall be
determined by reference to, among other things, whether any untrue or alleged
untrue statement of a material fact or omission or alleged omission to state a
material fact relates to information supplied by such Indemnifying Party or
Indemnified Party, and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent any such statement or
omission.  The amount paid or payable by
an Indemnified Party as a result of any Losses 

 

26

 

shall be deemed to include any legal or other
fees or expenses incurred by such party in connection with any proceeding, to
the extent such party would have been indemnified for such fees or expenses if
the indemnification provided for in Section 7(a) or Section 7(b) was
available to such party.

 

The parties hereto agree
that it would not be just and equitable if contribution pursuant to this Section 7(d) were
determined by pro rata allocation or by another method of allocation that does
not take account of the equitable considerations referred to in the immediately
preceding paragraph.  Notwithstanding the
provisions of this Section 7(d), a selling Holder shall not be
required to contribute, in the aggregate, any amount in excess of such Holder’s
Maximum Contribution Amount.  A selling
Holder’s “Maximum Contribution Amount”
shall equal the excess of (i) the aggregate proceeds received by such
Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the
aggregate amount of 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. 
The Holders’ obligations to contribute pursuant to this Section 7(d) are
several in proportion to the respective principal amount of the Registrable
Notes or Exchange Notes held by each Holder hereunder and not joint.  The Company’s and Guarantors’ obligations to
contribute pursuant to this Section 7(d) are joint and
several.

 

The indemnity and
contribution agreements contained in this Section 7 are in addition
to any liability that the Indemnifying Parties may have to the Indemnified
Parties.

 

8.                                       Rules 144
and 144A

 

The Company covenants that
it shall (a) file the reports required to be filed by it (if so required)
under the Securities Act and the Exchange Act in a timely manner and, if at any
time the Company is not required to file such reports, it will, upon the
written request of any Holder of Registrable Notes, make publicly available
other information necessary to permit sales pursuant to Rule 144 and Rule 144A
and (b) take such further action as any Holder may reasonably request in
writing, all to the extent required from time to time to enable such Holder to
sell Registrable Notes without registration under the Securities Act pursuant
to the exemptions provided by Rule 144 and Rule 144A.  Upon the request of any Holder, the Company
shall deliver to such Holder a written statement as to whether it has complied
with such information and requirements.

 

9.                                       Underwritten
Registrations of Registrable Notes

 

If any of the Registrable
Notes covered by any Shelf Registration Statement are to be sold in an
underwritten offering, the investment banker or investment bankers and manager
or managers that will manage the offering will be selected by the Holders of a
majority in aggregate principal amount of such Registrable Notes to be included
in such offering; provided, however, 

 

27

 

that
such investment banker or investment bankers and manager or managers must be
reasonably acceptable to the Company.

 

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

 

10.                                 Miscellaneous

 

(a)                                  Remedies.  In the event of a breach by either the
Company or any of the Guarantors of any of their respective obligations under
this Agreement, each Holder, in addition to being entitled to exercise all
rights provided herein, in the Indenture or, in the case of the Backstop
Purchasers, in the Backstop Commitment Agreement (as defined in the Plan), or
granted by law, including recovery of damages, will be entitled to specific
performance of its rights under this Agreement. 
The Company and the Guarantors agree that monetary damages would not be
adequate compensation for any loss incurred by reason of a breach by either the
Company or any of the Guarantors of any of the provisions of this Agreement and
hereby further agree that, in the event of any action for specific performance
in respect of such breach, the Company shall (and shall cause each Guarantor
to) waive the defense that a remedy at law would be adequate.

 

(b)                                 No Inconsistent
Agreements.  The Company
and each of the Guarantors have not entered, as of the date hereof, and the
Company and each of the Guarantors shall not enter, after the date of this
Agreement, into any agreement with respect to any of its securities that is
inconsistent with the rights granted to the Holders of Securities in this
Agreement or otherwise conflicts with the provisions hereof.  Other than the Equity Registration Rights
Agreement, the Company and each of the Guarantors have not entered and will not
enter into any agreement with respect to any of its securities that will grant
to any Person piggy-back rights with respect to a Registration Statement.

 

(c)                                  Adjustments
Affecting Registrable Notes.  The Company shall not, directly or
indirectly, take any action with respect to the Registrable Notes as a class
that would materially and adversely affect the ability of the Holders to
include such Registrable Notes in a registration undertaken pursuant to this
Agreement.

 

(d)                                 Amendments and
Waivers.  The provisions of this
Agreement may not be amended, modified or supplemented, and waivers or consents
to or departures from the provisions hereof may not be given, other than with
the prior written consent of (i) the Company and the Guarantors (except as
expressly contemplated by this Agreement) and (ii)(A) the Holders of not
less than a majority in aggregate principal amount of the then outstanding
Registrable Notes in circumstances that would adversely affect any Holders of
Registrable Notes or (B) where specified 

 

28

 

herein, the Majority Backstop Purchasers; provided,
however, that Section 7 and this Section 10(d) may
not be amended, modified or supplemented without the prior written consent of
each Holder.  Notwithstanding the
foregoing, a waiver or consent to depart from the provisions hereof with
respect to a matter that relates exclusively to the rights of Holders of
Registrable Notes whose securities are being tendered pursuant to the Exchange
Offer or sold pursuant to a Shelf Registration Statement and that does not
directly or indirectly affect, impair, limit or compromise the rights of other
Holders of Registrable Notes may be given by Holders of at least a majority in
aggregate principal amount of the Registrable Notes being tendered or being
sold by such Holders pursuant to such Shelf Registration Statement, unless
approval of the Majority Backstop Purchasers is otherwise required.

 

(e)                                  Termination of
the Company’s Obligations.  The
Company shall have no further obligations pursuant to this Agreement at such
time as no Registrable Notes are outstanding after their original issuance, provided,
however, that the Company’s obligations under Sections 7 and 8
(and any related definitions) shall remain in full force and effect following
such time.

 

(f)                                    Notices.  All notices and other communications provided
for or permitted hereunder shall be made in writing by hand delivery,
registered first-class mail, next-day air courier or telecopier:

 

(i)                                     if to a Holder
of Securities or to any Participating Broker-Dealer, at the most current
address of such Holder or Participating Broker-Dealer, as the case may be, set
forth on the records of the registrar of the Notes;

 

(ii)                                  if sent other
than by registered or certified mail to the Company or any Guarantor, as
follows:

 

Aventine Renewable Energy Holdings, Inc.

120 North Parkway Drive

Pekin, IL  61554

Facsimile No.: (309)
478-1535

Attention:        Corporate Controller

        General Counsel

 

(iii)                               if sent by
registered or certified mail to the Company or any Guarantor, as follows:

 

Aventine Renewable Energy Holdings, Inc.

P. O. Box 1800

Pekin, IL 
61555-1800

Facsimile No.: (309)
478-1535

Attention:        Corporate Controller

        General Counsel.

 

29

 

All such notices and communications
shall be deemed to have been duly given: 
when delivered by hand, if personally delivered; five Business Days
after being deposited in the United States mail, postage prepaid, if mailed;
one Business Day after being timely delivered to a next-day air courier
guaranteeing overnight delivery; and when receipt is acknowledged by the
addressee, if telecopied.

 

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

 

(g)                                 Successors and
Assigns.  This Agreement shall inure to
the benefit of and be binding upon the successors and assigns of each of the
parties hereto, including, without limitation and without the need for an
express assignment, subsequent Holders of Securities.

 

(h)                                 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.

 

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

 

(j)                                     Governing Law;
Submission to Jurisdiction; Waiver of Jury Trial.  THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO PRINCIPLES OF CONFLICT OF LAW.  EACH
PARTY HERETO HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY NEW YORK
STATE COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY
FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN
RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT, AND IRREVOCABLY ACCEPTS FOR ITS AND IN RESPECT OF ITS PROPERTY,
GENERALLY AND UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS.  EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, TRIAL BY
JURY AND ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF
VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY
CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS
BEEN BROUGHT IN AN INCONVENIENT FORUM. 
EACH PARTY HERETO IRREVOCABLY CONSENTS, TO THE FULLEST EXTENT IT MAY EFFECTIVELY
DO SO UNDER APPLICABLE LAW, TO THE SERVICE OF PROCESS OF ANY OF THE
AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES
THEREOF BY REGISTERED

 

30

 

 

OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE
ADDRESS INDICATED FOR SUCH PARTY IN SECTION 10(f), SUCH SERVICE TO
BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. 
NOTHING HEREIN SHALL AFFECT THE RIGHT OF ANY PARTY TO SERVE PROCESS IN
ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE
PROCEED AGAINST ANY PARTY IN ANY OTHER JURISDICTION.

 

(k)                                  Severability.  If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction to
be invalid, illegal, void or unenforceable, the remainder of the terms,
provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and
the parties hereto shall use their commercially reasonable best efforts to find
and employ an alternative means to achieve the same or substantially the same
result as that contemplated by such term, provision, covenant or
restriction.  It is hereby stipulated and
declared to be the intention of the parties that they would have executed the
remaining terms, provisions, covenants and restrictions without including any
of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

(l)                                     Securities Held
by the Company or Its Affiliates.  Whenever the consent or approval of Holders
of a specified percentage of Securities is required hereunder, Securities held
by the Company or any affiliates controlled by the Company shall not be counted
in determining whether such consent or approval was given by the Holders of
such required percentage.

 

(m)                               Third Party
Beneficiaries; All Holders and Participating Broker-Dealers Bound.  Holders and Participating Broker-Dealers are
intended third party beneficiaries of this Agreement and this Agreement may be
enforced by such Persons.  In accordance
with the Confirmation Order, this Agreement shall be deemed to become valid,
binding and enforceable in accordance with its terms upon execution by the
parties hereto, and each such intended third party beneficiary of this
Agreement shall be bound hereby, in each case, without need for execution of
this Agreement by any party other than the parties hereto.

 

(n)                                 Entire
Agreement.  This
Agreement, together with the Backstop Commitment Agreement, the Equity
Registration Rights Agreement, the Indenture and the Collateral Documents (as
defined in the Indenture), is intended by the parties as a final and exclusive
statement of the agreement and understanding of the parties hereto in respect
of the subject matter contained herein and therein and any and all prior oral
or written agreements, representations, or warranties, contracts,
understanding, correspondence, conversations and memoranda between the Backstop
Purchasers on the one hand and the Company and the Guarantors on the other, or
between or among any agents, representatives, parents, subsidiaries,
affiliates, predecessors in interest or successors in interest with respect to
the subject matter hereof and thereof are merged herein and replaced hereby.

 

31

 

(o)                                 Survival.  This Agreement is intended to survive the
consummation of the transactions contemplated by the Plan.  The indemnification and contribution
obligations under Section 7 shall survive the termination of the
Company’s and any Guarantor’s obligations under Section 2 and Section 3.

 

[Remainder of
page intentionally left blank.]

 

32

 

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

 

	
   

  	
  AVENTINE
  RENEWABLE ENERGY HOLDINGS, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William J. Brennan

  
	
   

  	
   

  	
  Name:

  	
  William J. Brennan

  
	
   

  	
   

  	
  Title:

  	
  Chief Accounting and Compliance Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GUARANTORS:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  AVENTINE RENEWABLE ENERGY, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William
  J. Brennan

  
	
   

  	
   

  	
  Name:

  	
  William J. Brennan

  
	
   

  	
   

  	
  Title:

  	
  Chief Accounting and Compliance Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  AVENTINE RENEWABLE ENERGY —
  AURORA WEST, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William
  J. Brennan

  
	
   

  	
   

  	
  Name:

  	
  William J. Brennan

  
	
   

  	
   

  	
  Title:

  	
  Chief Accounting and Compliance Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  NEBRASKA ENERGY, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William
  J. Brennan

  
	
   

  	
   

  	
  Name:

  	
  William J. Brennan

  
	
   

  	
   

  	
  Title:

  	
  Vice President – Finance

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  AVENTINE RENEWABLE ENERGY — MT.
  VERNON, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William
  J. Brennan

  
	
   

  	
   

  	
  Name:

  	
  William J. Brennan

  
	
   

  	
   

  	
  Title:

  	
  Chief Accounting and Compliance Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  AVENTINE POWER, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William
  J. Brennan

  
	
   

  	
   

  	
  Name:

  	
  William J. Brennan

  
	
   

  	
   

  	
  Title:

  	
  Chief Accounting and Compliance Officer

  

 

[Signature Page to
Registration Rights Agreement]

 

 

	
   

  	
  ACCEPTED
  AND AGREED TO:

  
	
   

  	
   

  
	
   

  	
  BRIGADE
  CAPITAL MANAGEMENT, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Carney Hawks

  
	
   

  	
   

  	
  Name:

  	
  Carney
  Hawks

  
	
   

  	
   

  	
  Title:

  	
  Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  WHITEBOX
  ADVISORS LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Mark Strefling

  
	
   

  	
   

  	
  Name:

  	
  Mark
  Strefling

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Legal Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  SENATOR
  INVESTMENT GROUP LP

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Douglas Silverman

  
	
   

  	
   

  	
  Name:

  	
  Douglas
  Silverman

  
	
   

  	
   

  	
  Title:

  	
  Managing
  Partner

  

 

[Signature Page to
Registration Rights Agreement]

 

 

ANNEX I

 

Backstop Purchasers

 

Brigade Capital
Management, LLC

 

Nomura Corporate Research &
Asset Management, Inc.

 

Whitebox Advisors LLC

 

Senator Investment Group
LP

 

SEACOR Capital Corporation

 

Annex
I

 

ANNEX II

 

Holders

 

	
  1.

  	
  Cedarview Opportunities Master Fund, LP

  
	
   

  	
   

  
	
  2.

  	
  Paul A. Martin and Patricia E. Martin 2009
  Family Trust

  
	
   

  	
   

  
	
  3.

  	
  Fidelity Roth IRA 410048844

  
	
   

  	
   

  
	
  4.

  	
  Fidelity traditional IRA 104638234

  
	
   

  	
   

  
	
  5.

  	
  Fidelity Account Z10085618

  
	
   

  	
   

  
	
  6.

  	
  Simplon Partners L.P. c/o T.A.
  McKay & Co. Inc.

  
	
   

  	
   

  
	
  7.

  	
  S.P. Offshore Limited

  
	
   

  	
   

  
	
  8.

  	
  David Koenig (Individual)

  
	
   

  	
   

  
	
  9.

  	
  Rita Aramburo Etrade Brokerage Acct.
  6125-8236

  
	
   

  	
   

  
	
  10.

  	
  Rita Aramburo Etrade Brokerage Acct.
  6125-8236

  
	
   

  	
   

  
	
  11.

  	
  Perry J. Radoff P.C. Profit Sharing Plan

  
	
   

  	
   

  
	
  12.

  	
  Ing A.C. FUR

  
	
   

  	
   

  
	
  13.

  	
  Whitebox Combined Partners LP*

  
	
   

  	
   

  
	
  14.

  	
  Pandora Select Partners, LP*

  
	
   

  	
   

  
	
  15.

  	
  Whitebox Hedged High Yield Partners, LP*

  
	
   

  	
   

  
	
  16.

  	
  Continental Casualty Company / JP Morgan
  DTC 902 /Cede & CO.

  
	
   

  	
   

  
	
  17.

  	
  Gerard W. Goetz

  
	
   

  	
   

  
	
  18.

  	
  BHR Master Fund Ltd.

  
	
   

  	
   

  
	
  19.

  	
  Schroder Credit Renaissance Fund, Ltd. are
  holders of record via JP Morgan Chase DTC 902

  
	
   

  	
   

  
	
  20.

  	
  Schroder Credit Renaissance Fund, Ltd. are
  holders of record via JP Morgan Chase DTC 902

  
	
   

  	
   

  
	
  21.

  	
  SEACOR Offshore Supplyships One Ltd.*

  
	
   

  	
   

  
	
  22.

  	
  Wilfrid Aubrey International Limited

  

 

Annex
II

 

	
  23.

  	
  Wilfrid Aubrey Growth Fund LP

  
	
   

  	
   

  
	
  24.

  	
  SEI Institutional Managed Trust - High
  Yield Bond Fund*

  
	
   

  	
   

  
	
  25.

  	
  SEI Global Master Fund plc*

  
	
   

  	
   

  
	
  26.

  	
  Brigade Leveraged Capital Structures Fund,
  Ltd.*

  
	
   

  	
   

  
	
  27.

  	
  SEI Institutional Investment Trust - High
  Yield Bond Fund*

  
	
   

  	
   

  
	
  28.

  	
  Lonestar Partners, LP

  
	
   

  	
   

  
	
  29.

  	
  Davidson Kempner International Ltd.

  
	
   

  	
   

  
	
  30.

  	
  Davidson Kempner Distressed Opportunities
  International Ltd.

  
	
   

  	
   

  
	
  31.

  	
  Davidson Kempner Distressed Opportunities
  Fund LP

  
	
   

  	
   

  
	
  32.

  	
  Davidson Kempner Partners

  
	
   

  	
   

  
	
  33.

  	
  M.H. Davidson & Co.

  
	
   

  	
   

  
	
  34.

  	
  Davidson Kempner Institutional Partners,
  L.P.

  
	
   

  	
   

  
	
  35.

  	
  GMAM Investment Funds Trust - 7MS7*

  
	
   

  	
   

  
	
  36.

  	
  Louisiana State Employees Retirement
  System*

  
	
   

  	
   

  
	
  37.

  	
  Balyasny Dedicated Investor Master Fund,
  Ltd.

  
	
   

  	
   

  
	
  38.

  	
  Atlas Fundamental Trading Master Fund, Ltd.

  
	
   

  	
   

  
	
  39.

  	
  Atlas Fundamental Trading Leveraged Fund,
  LP

  
	
   

  	
   

  
	
  40.

  	
  Atlas Leveraged Fund, LP

  
	
   

  	
   

  
	
  41.

  	
  Atlas Master Fund, Ltd.

  
	
   

  	
   

  
	
  42.

  	
  Balamat Cayman Fund, Ltd.

  
	
   

  	
   

  
	
  43.

  	
  Arnold de BOER

  
	
   

  	
   

  
	
  44.

  	
  Brevan Howard Credit Catalysts Master Fund
  Limited DTC 0355

  
	
   

  	
   

  
	
  45.

  	
  Brevan Howard Master Fund Ltd. DTC 0355

  
	
   

  	
   

  
	
  46.

  	
  Anil Nayar

  
	
   

  	
   

  
	
  47.

  	
  The Regents of the University of California
  Acct EB6J*

  

 

Annex
II

 

	
  48.

  	
  Capital Structure Opportunities Fund, LP

  
	
   

  	
   

  
	
  49.

  	
  JMB Capital Partners Master Fund, LP

  
	
   

  	
   

  
	
  50.

  	
  DS2 Partners

  
	
   

  	
   

  
	
  51.

  	
  Dan Sobol (Held in street name: Chares
  Schwab)

  
	
   

  	
   

  
	
  52.

  	
  Dan Sobol (Held in street name -Pershing)

  
	
   

  	
   

  
	
  53.

  	
  Andrew E. Shirley

  
	
   

  	
   

  
	
  54.

  	
  Jefferies & Co.

  
	
   

  	
   

  
	
  55.

  	
  Senator Global Opportunity Master Fund, LP*

  
	
   

  	
   

  
	
  56.

  	
  Ronald J. Kaczor

  
	
   

  	
   

  
	
  57.

  	
  Oppenheimer Capital Structure Opportunities
  Master Fund, Ltd.

  
	
   

  	
   

  
	
  58.

  	
  Anthion Master Fund, LP

  
	
   

  	
   

  
	
  59.

  	
  Barclays Global High Yield Bond Fund -
  Nomura IMP*

  
	
   

  	
   

  
	
  60.

  	
  Ball Corporation Master Pension Trust

  
	
   

  	
   

  
	
  61.

  	
  Nomura US Attractive Yield Corporate Bond
  Fund Mother Fund*

  
	
   

  	
   

  
	
  62.

  	
  Astro Trust Series - Nomura High Yield
  Bond Fund*

  
	
   

  	
   

  
	
  63.

  	
  F2 Sea Inc.*

  

 

* affiliated Holder of a Backstop Purchaser

 

Annex
II

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]